Trading can be easy if one has other investments he's doing because if not it becomes difficult to keep your eyes away from checking the charts if you are a day trader. Bitcoin investment is not for the weak hearted and coupled with the volatility rate, it's best if you hold because that way you avoid running the risk of buying high and selling low.
I feel the Op gave some valid points and I feel this advice should not be limited to Bitcoin trading alone as it applies to every phase, especially if you are doing anything in relation to money, it's better to use a level head and not rush your decisions to avoid regrets later on.
Topic: Know When to Stop. Lesson for Everyone, Particularly Investors - page 6. (Read 1099 times)
October 18, 2023, 10:58:44 AM
October 18, 2023, 09:14:14 AM
The same holds true for the Dollar Cost Averaging (DCA) method.
I mostly agree with everything that you have said. Those could be a great practice in order to control your emotion. The moment you learn to step back is the moment when you are going to move forward in your life. The market is evolving and in order to stay up to date with it, we need to change ourselves too. And those are great ways to do that. But one thing I can't agree with is the thing that I have quoted above. DCA means you put a fixed amount of money after fixed amount of time and you keep doing it over and over. And what you are telling in the whole post does not helps to do DCA. After the certain period of time will pass whatever the market condition is you should put that fixed amount of money into your investment. That is DCA. I'm still confused how all of this relates to DCA. Could you please explain?
October 18, 2023, 12:07:52 AM
That is a big mistake that many traders make, they try to impose their own views to a market that is unpredictable and chaotic by nature, and when things do not go according to their plan instead of adjusting their strategy they blame the market, the whales or the exchanges for their plight, when it is their fault they are in such a difficult situation, but even then they can still make the right moves and recover their money, but only if they are willing to acknowledge their mistakes and change the way they look at the market.
When making a prediction on a market whose nature can change at any time, it would be better for us to really know whether the decision we have made is appropriate for us to use or not, but if we use it and it does not work according to what we made then we must can adjust or find a way to solve it well, we can't blame the market. You are right, they will be able to restore their capital as long as they admit the mistakes they have made and study them well so as not to repeat the same mistakes again. 
October 17, 2023, 06:19:51 PM
They may be setting financial targets or they are just too greedy to earn quick profits from trading, even if the market do not favor their trades. This is the reason why a lot will fail in trading because they only focus on their targets and goals, but not recognizing that the market has its own perfect time too when to trade. And once pressure hits them, then that would lead to unfavorable decision that will eventually make their trades unsuccessful.
That is a big mistake that many traders make, they try to impose their own views to a market that is unpredictable and chaotic by nature, and when things do not go according to their plan instead of adjusting their strategy they blame the market, the whales or the exchanges for their plight, when it is their fault they are in such a difficult situation, but even then they can still make the right moves and recover their money, but only if they are willing to acknowledge their mistakes and change the way they look at the market. October 16, 2023, 12:33:34 AM
hurrying in trades is okay, sometime you catch opportunities that you would otherwise miss, if the opportunity was kinda obvious then its okay.
but its bad when you are trading and you are in hurry because you want to make your cut loss back and your decision influenced by your emotion then it will spell fail for your trades.
for an investors, its always better to carefully select the entry so that in the future making profit gonna be easier.
the key with successful trades and investment is always the patience, always wait the right price to make entry which we deemed suitable then we can make our profit from there.
but its bad when you are trading and you are in hurry because you want to make your cut loss back and your decision influenced by your emotion then it will spell fail for your trades.
for an investors, its always better to carefully select the entry so that in the future making profit gonna be easier.
the key with successful trades and investment is always the patience, always wait the right price to make entry which we deemed suitable then we can make our profit from there.
Yes, patience is something that will keep you in the trading business for a long time. I think that every trader should know how to be patient because not able to so will greatly affect your trading outcomes. Sometimes, we cannot avoid being emotionally driven and that is fine because it happens to all of us. But when this always happens, then you should probably assess yourself and little by little lessen your emotions when doing trading as it it will influence your decisions and strategies. And just like what the OP said, if you ever catch yourself hurrying to make a trade, you can pause for a bit. Remember that rush decisions often ends up with wrong choices. This also applies for investors, there is no point in rushing, you can do it slowly but surely.
October 15, 2023, 09:01:56 PM
It's like a general stop loss where you know your limits. Stop loss is important because it's a decision you lose small or you lose big.
That's why it is very important in trading or in any investment.
That's why it is very important in trading or in any investment.
The important part of the trading will be holding after you buy at the right price using your strategy in the trading.The strategy building was the important one in the trading,the trader can create this by spending their valuable time in the trading.If you had learn the trading,So you will learn to hold the coins for the longer period.The trader who learned trading by spending their time in the trading,he will have the good patience for holding the money for the longer period.The holding was the important thing in the trading to get huge profit in trading.
That's why before you open a trade you must have already a plan, entry price, target price, and stop loss price. You don't open a trade just for random because if so, it's just like a gambling, that's why there are technical analysis, fundamental analysis. 
October 15, 2023, 07:44:07 PM
hurrying in trades is okay, sometime you catch opportunities that you would otherwise miss, if the opportunity was kinda obvious then its okay.
but its bad when you are trading and you are in hurry because you want to make your cut loss back and your decision influenced by your emotion then it will spell fail for your trades.
for an investors, its always better to carefully select the entry so that in the future making profit gonna be easier.
the key with successful trades and investment is always the patience, always wait the right price to make entry which we deemed suitable then we can make our profit from there.
but its bad when you are trading and you are in hurry because you want to make your cut loss back and your decision influenced by your emotion then it will spell fail for your trades.
for an investors, its always better to carefully select the entry so that in the future making profit gonna be easier.
the key with successful trades and investment is always the patience, always wait the right price to make entry which we deemed suitable then we can make our profit from there.
October 15, 2023, 04:25:16 PM
If you ever catch yourself hurrying to make a trade – Pause.
One reason why traders hurry to place trades is because some may have set targets for themselves. They have set target of profit that they hope to make so they are always in the market to try to make profit off from it. So from trying to always make profit from the market, they sometimes may be under hurry to make a hurried trade. Setting financial targets can be beneficial, but care should be taken not to put yourself under pressure that can lead to making hurried decisions, hurried decisions usually end up the wrong choices. 
October 15, 2023, 04:00:15 PM
If you ever catch yourself hurrying to make a trade – Pause.
One reason why traders hurry to place trades is because some may have set targets for themselves. They have set target of profit that they hope to make so they are always in the market to try to make profit off from it. So from trying to always make profit from the market, they sometimes may be under hurry to make a hurried trade. Setting financial targets can be beneficial, but care should be taken not to put yourself under pressure that can lead to making hurried decisions, hurried decisions usually end up the wrong choices. 
October 15, 2023, 03:28:34 PM
If you ever catch yourself hurrying to make a trade – Pause.
One reason why traders hurry to place trades is because some may have set targets for themselves. They have set target of profit that they hope to make so they are always in the market to try to make profit off from it. So from trying to always make profit from the market, they sometimes may be under hurry to make a hurried trade. Setting financial targets can be beneficial, but care should be taken not to put yourself under pressure that can lead to making hurried decisions, hurried decisions usually end up the wrong choices. 
October 15, 2023, 03:24:29 PM
If you ever catch yourself hurrying to make a trade – Pause.
One reason why traders hurry to place trades is because some may have set targets for themselves. They have set target of profit that they hope to make so they are always in the market to try to make profit off from it. So from trying to always make profit from the market, they sometimes may be under hurry to make a hurried trade. Setting financial targets can be beneficial, but care should be taken not to put yourself under pressure that can lead to making hurried decisions, hurried decisions usually end up the wrong choices. 
October 15, 2023, 02:24:15 AM
Generally, I think for those that trade the future on some of this CEX, yeah, it's not very wise to rush to enter a position when you are not very sure of your prediction. Apart from those future traders, those who are buying low and selling high can take advantage of diving into the market the moment they feel they have a better chance to buy at a very low price, which I don't see anything wrong with. For example, if the Bitcoin price drops to $22k, most people will buy without caring if it will fall below that or not, and even if it does, they will not lose anything as long as they hold on to their asset.
Well, analyzing the crypto market requires one to be focused and concentrated, because the moment someone cuts your focus, you will get easily distracted, which can contribute to your loss. You know that the crypto market is very dynamic and volatile; for example, this minute you can see Bitcoin at $27,500 and next minute you will see it at $28,800, so one needs to be focused, and you could get irritated if someone keeps distracting you.
I think that if a trader keeps having a tough time making decisions about whether to sell or buy, then it's better to just take a break.
That is definitely true. I think futures all by itself is a huge trouble and should not be all that common and not really have anything that would be understandable. I believe that we are reaching to a point where it is getting worse and I feel like there are way too many newbies who get involved with futures because online media is filled with a lot of people who made great returns and they want the same ones. In the end, futures is the riskiest form of investment and if you are not doing it right, then you are going to end up losing most of your money and you should try to avoid that as much as you could.Well, analyzing the crypto market requires one to be focused and concentrated, because the moment someone cuts your focus, you will get easily distracted, which can contribute to your loss. You know that the crypto market is very dynamic and volatile; for example, this minute you can see Bitcoin at $27,500 and next minute you will see it at $28,800, so one needs to be focused, and you could get irritated if someone keeps distracting you.
I think that if a trader keeps having a tough time making decisions about whether to sell or buy, then it's better to just take a break.
There isn't really anything that would be that decent, but that doesn't mean that you can get that decent return easily, it will be very difficult. I hope that we could reach to a point where it could get to a level when futures are only done by the experts who know what they are doing and could get a great return as well, that should be the case.
October 14, 2023, 06:58:04 PM
The important part of the trading will be holding after you buy at the right price using your strategy in the trading.The strategy building was the important one in the trading,the trader can create this by spending their valuable time in the trading.If you had learn the trading,So you will learn to hold the coins for the longer period.The trader who learned trading by spending their time in the trading,he will have the good patience for holding the money for the longer period.The holding was the important thing in the trading to get huge profit in trading.
October 14, 2023, 06:21:45 PM
One of the advantages of the Dual Investment Strategy, which I've discussed before, is that it doesn't demand constant attention. You can set up your portfolio, step back, and live your life, checking on your investments when it's convenient for you. Let your life schedule when you review your portfolio, rather than letting the market dictate your life. There's nothing in this strategy that necessitates an immediate reaction to market movements. Just because the market is moving rapidly doesn't mean you have to follow the crowd blindly. The same holds true for the Dollar Cost Averaging (DCA) method.
There is no problem for a trader who is not going to take entry in a trade, when he takes an entry in a trade it would be the start of his profit or loss. After starting trading there must be some profit or some loss, while in rare cases there are some situations in which the trader is not in loss or profit. And I think a small profit can be good for a trader. But looking at the market conditions is very necessary, and taking care of the market condition is also important. A trader must be aware of the market, and he must have his strategies to get to some profit, If he didn't set some situations/strategies for himself then it would be really difficult for the trader to go smooth at trading in some aspect he may face problems.
This is something that would really be part of our intuition yet there would really be moments on which we would really be able to notice out that its better to stop and sit idle rather than on making yourself
making action without even thinking on which is better.
Investing or whatever you are dealing with as long it do involves money then it would really be just that normal that you should really be knowing on what to do or on what are the
measures that you would really be needing to do as long it would be giving out that advantage then this what matter the most.
October 14, 2023, 01:37:55 PM
One of the advantages of the Dual Investment Strategy, which I've discussed before, is that it doesn't demand constant attention. You can set up your portfolio, step back, and live your life, checking on your investments when it's convenient for you. Let your life schedule when you review your portfolio, rather than letting the market dictate your life. There's nothing in this strategy that necessitates an immediate reaction to market movements. Just because the market is moving rapidly doesn't mean you have to follow the crowd blindly. The same holds true for the Dollar Cost Averaging (DCA) method.
There is no problem for a trader who is not going to take entry in a trade, when he takes an entry in a trade it would be the start of his profit or loss. After starting trading there must be some profit or some loss, while in rare cases there are some situations in which the trader is not in loss or profit. And I think a small profit can be good for a trader. But looking at the market conditions is very necessary, and taking care of the market condition is also important. A trader must be aware of the market, and he must have his strategies to get to some profit, If he didn't set some situations/strategies for himself then it would be really difficult for the trader to go smooth at trading in some aspect he may face problems.
October 14, 2023, 08:42:13 AM
If you ever catch yourself hurrying to make a trade – Pause.
One reason why traders hurry to place trades is because some may have set targets for themselves. They have set target of profit that they hope to make so they are always in the market to try to make profit off from it. So from trying to always make profit from the market, they sometimes may be under hurry to make a hurried trade. Setting financial targets can be beneficial, but care should be taken not to put yourself under pressure that can lead to making hurried decisions, hurried decisions usually end up the wrong choices. Trading shouldn't be done that way but instead, it should be planned very well and set on timing. Putting pressure on ourselves because we have to hit our target, the more we are facing too high risk, and the bigger the chance of wrong trade. In this situation, it simply means that we are not be going to happy in the long run when pressuring ourselves. And the more it leads to bigger problems and ruins our plan.
Patience should exist in trading, not pressure.
October 14, 2023, 07:57:25 AM
If you ever catch yourself hurrying to make a trade – Pause.
If you become irritable when someone interrupts you as you analyze your investments – Pause.
If you're consumed by doubts about whether buying or selling is the right move – Pause.
If emotions start to dominate your decision-making – Pause.
If you become irritable when someone interrupts you as you analyze your investments – Pause.
If you're consumed by doubts about whether buying or selling is the right move – Pause.
If emotions start to dominate your decision-making – Pause.
Generally, I think for those that trade the future on some of this CEX, yeah, it's not very wise to rush to enter a position when you are not very sure of your prediction. Apart from those future traders, those who are buying low and selling high can take advantage of diving into the market the moment they feel they have a better chance to buy at a very low price, which I don't see anything wrong with. For example, if the Bitcoin price drops to $22k, most people will buy without caring if it will fall below that or not, and even if it does, they will not lose anything as long as they hold on to their asset.
Well, analyzing the crypto market requires one to be focused and concentrated, because the moment someone cuts your focus, you will get easily distracted, which can contribute to your loss. You know that the crypto market is very dynamic and volatile; for example, this minute you can see Bitcoin at $27,500 and next minute you will see it at $28,800, so one needs to be focused, and you could get irritated if someone keeps distracting you.
I think that if a trader keeps having a tough time making decisions about whether to sell or buy, then it's better to just take a break.
Many traders often make things harder for themselves. Take, for example, the beginning of this month when everyone was optimistic about Bitcoin's potential to surge during "Uptober." It began well. As a trader, it's essential to understand the typical levels where prices might retrace. You don't need to be entirely accurate, but sticking to your strategy is what truly matters. For investors, it's about knowing your next selling and buying points. It might sound simple, yet we tend to chase every trend. When we comprehend the market's sentiment, we should also know how to approach it.
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October 13, 2023, 06:06:46 PM
If you ever catch yourself hurrying to make a trade – Pause.
If you become irritable when someone interrupts you as you analyze your investments – Pause.
If you're consumed by doubts about whether buying or selling is the right move – Pause.
If emotions start to dominate your decision-making – Pause.
If you become irritable when someone interrupts you as you analyze your investments – Pause.
If you're consumed by doubts about whether buying or selling is the right move – Pause.
If emotions start to dominate your decision-making – Pause.
Generally, I think for those that trade the future on some of this CEX, yeah, it's not very wise to rush to enter a position when you are not very sure of your prediction. Apart from those future traders, those who are buying low and selling high can take advantage of diving into the market the moment they feel they have a better chance to buy at a very low price, which I don't see anything wrong with. For example, if the Bitcoin price drops to $22k, most people will buy without caring if it will fall below that or not, and even if it does, they will not lose anything as long as they hold on to their asset.
Well, analyzing the crypto market requires one to be focused and concentrated, because the moment someone cuts your focus, you will get easily distracted, which can contribute to your loss. You know that the crypto market is very dynamic and volatile; for example, this minute you can see Bitcoin at $27,500 and next minute you will see it at $28,800, so one needs to be focused, and you could get irritated if someone keeps distracting you.
I think that if a trader keeps having a tough time making decisions about whether to sell or buy, then it's better to just take a break.
October 13, 2023, 06:04:52 PM
Trading is about setting up your target price and your cut loss price, you should avoid being too greedy especially if the price already hits your cut loss price and your target price. I’ve lose so many opportunities because of being too greedy while holding and this is the lesson that I will apply on the next bull market, I’ll stick to my target price and will enjoy my profit while many are still chasing the market which for me is not ok.
That is one style you can use to trade the markets, however there are those that like to let their profits run and accumulate as much money as possible, however as you have noticed this requires that as soon as the market moves against the current trend that you are decisive enough to sell your coins without any hesitation, but this can be difficult to do as many traders begin to question themselves about the possibly of the current trend to continue, refuse to sell in time and then they lose all their profits, with the possibility they may even incur in some losses as they still refuse to sell as they get mad they were not able to get out of their position in time. 
October 13, 2023, 05:11:55 PM
If you ever catch yourself hurrying to make a trade – Pause.
One reason why traders hurry to place trades is because some may have set targets for themselves. They have set target of profit that they hope to make so they are always in the market to try to make profit off from it. So from trying to always make profit from the market, they sometimes may be under hurry to make a hurried trade. Setting financial targets can be beneficial, but care should be taken not to put yourself under pressure that can lead to making hurried decisions, hurried decisions usually end up the wrong choices. Jump to: