Never Be in a hurry - page 9. | Bitcointalksearch.org

death69

hero member

Activity: 1204

Merit: 545

Quote from: Jemzx00 on March 30, 2021, 01:08:24 PM

Quote from: death69 on March 30, 2021, 03:55:50 AM

Quote from: Wawa2013 on March 17, 2021, 05:59:34 PM

Actually, if we stick to the plan, there is no need to rush in trading, because we have already determined buy and sell targets. So before
the buy / sell target is reached there is no need to do anything, because acting outside the plan is usually making a loss in trading.
In other words, we really need to have patience in trading, if we really want to get a profit. Crypto market is volatile, making us panic
and take action outside the plan. This must be avoided.

Indeed, there is no need to enter a trade instantly. Before making any trade, we should determine our entry, our stop loss as well as our profit by using technical analysis and then, we just need to wait for the price to get into our zone. Trading heedlessly only makes our capital smaller because of losing order. There is one thing I think that it is necessary for all trader: to understand ourselves as well as our weaknesses in order to avoid making the same mistakes over and over again.

Unfortunately, not all plan is determinate and can be expected to happen especially in trading. No matter how much you set your buy and sell targets, it might not go as you have planned. Most of the time, the stop loss you've set happened before the big pump which makes your investment and trading activity hard to manage.

It's best to set your limit while watching the market go and be prefer to what happens next whether you exit, buy more or just to hold and wait. Nothing is determinate no matter how much research you've put into trading but being cautious is a needed practices when trading.

You have to accept that fact. Your stop loss can be wiped out from the game but as long as your balance remains, you are still able to make money, even x10 your balance. Keep your mind cold and stop being so emotional during trading. You can lose one trade, but when your technical analyzing strategy are good, your next 2 trades probably the win ones. Moreover, if you order are in profit, try to take a partial profit or reset your stop loss to your entry point. There are many ways to manage your money in trading, but first of all, you have to clear your mind. Loss is acceptable. No trader has a consecutive win. It only exists in our imaginary

Be professional and responsible with your trading career, and you will receive the rewards

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

Waiting and keep been patient is most important because become hurry is not worth when investing or trading in any coin, many time we see trader panic or hurry to buy coin reach higher price and later back lower price, but you need waiting and become more patience when have to buy or sell. Better waiting than have loss all your money because hurry buy coin not good moment.

JooBra

full member

Activity: 1204

Merit: 162

Quote from: pankowri on March 31, 2021, 05:16:50 AM

There is a saying that Work in a hurry is devil work. Work in a hurry can spoil whole the concept and the decision which take in hurry never be successful. Always before doing any work take preparation and fruitful plan and have time sense that's can make the work perfect. Never hurry in buy or sell, you can take immediate decision when you oversure about a thing that can bring you extra profit or you can earn much more than regular.

Well I agree with you in some aspect. Being in a hurry when trading is a really bad idea and always ends up bad. At the other hand finishing work in hurry can lead sometimes to good stuff like finding better and faster way to do something.

pankowri

member

Activity: 728

Merit: 63

$CYBERCASH METAVERSE

There is a saying that Work in a hurry is devil work. Work in a hurry can spoil whole the concept and the decision which take in hurry never be successful. Always before doing any work take preparation and fruitful plan and have time sense that's can make the work perfect. Never hurry in buy or sell, you can take immediate decision when you oversure about a thing that can bring you extra profit or you can earn much more than regular.

corel

member

Activity: 64

Merit: 102

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

It should not rush even in ordinary affairs, let alone in financial transactions

trigger1975

full member

Activity: 252

Merit: 113

NFTs on Sale: https://bit.ly/2POlV17

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

That's why I love swing trading and why I'm trading H1 and above (preferred H4): it removes a lot of the stress day trading has. You can analyse your charts thoroughly and slowly, if you find a possible setup, you can think about, you can ponder pros and cons, you can build your game plan unhurried and then enter the trade. It's maybe 1 in 20 trades where I have to hurry up a bit as the trade is unfolding right away. It's definitely more relaxing.

Jemzx00

hero member

Activity: 1498

Merit: 547

Top Crypto Casino

Quote from: death69 on March 30, 2021, 03:55:50 AM

Quote from: Wawa2013 on March 17, 2021, 05:59:34 PM

Actually, if we stick to the plan, there is no need to rush in trading, because we have already determined buy and sell targets. So before
the buy / sell target is reached there is no need to do anything, because acting outside the plan is usually making a loss in trading.
In other words, we really need to have patience in trading, if we really want to get a profit. Crypto market is volatile, making us panic
and take action outside the plan. This must be avoided.

Indeed, there is no need to enter a trade instantly. Before making any trade, we should determine our entry, our stop loss as well as our profit by using technical analysis and then, we just need to wait for the price to get into our zone. Trading heedlessly only makes our capital smaller because of losing order. There is one thing I think that it is necessary for all trader: to understand ourselves as well as our weaknesses in order to avoid making the same mistakes over and over again.

Unfortunately, not all plan is determinate and can be expected to happen especially in trading. No matter how much you set your buy and sell targets, it might not go as you have planned. Most of the time, the stop loss you've set happened before the big pump which makes your investment and trading activity hard to manage.

It's best to set your limit while watching the market go and be prefer to what happens next whether you exit, buy more or just to hold and wait. Nothing is determinate no matter how much research you've put into trading but being cautious is a needed practices when trading.

death69

hero member

Activity: 1204

Merit: 545

Quote from: ChuckBuck on March 30, 2021, 11:24:51 AM

Quote from: death69 on March 30, 2021, 03:55:50 AM

Indeed, there is no need to enter a trade instantly. Before making any trade, we should determine our entry, our stop loss as well as our profit by using technical analysis and then, we just need to wait for the price to get into our zone. Trading heedlessly only makes our capital smaller because of losing order. There is one thing I think that it is necessary for all trader: to understand ourselves as well as our weaknesses in order to avoid making the same mistakes over and over again.

All you're talking about is the theory anyone can say. But how many people will exercise that theory? How many people have succeeded from the above statements? Have you been successful yourself? In fact, even if you know what you need to do, you may not be able to do it yet. It is difficult for people to overcome the temptations.

And one more thing, everyone wants to get rich quickly, right? Do not lie to Cheesy

You are correct. Learning new theory and new concepts always easier than beating your own existent monster and your own weakness. Temptations, greed, being panic, etc are all bad behaviors which hardly damage the way we trade. This process may take many years in order to resolve, not just in a couple of days unless you have a mind of a solid warrior

The key to achieve this is to be disciplined. Creating your routine in trading and do not break it. At first, it may be difficult to follow. But if you are patient enough, you will soon realize that those rules are things keeping you from losing all of your money and have a stable income

conected

hero member

Activity: 1302

Merit: 503

Quote from: ChuckBuck on March 30, 2021, 11:24:51 AM

Quote from: death69 on March 30, 2021, 03:55:50 AM

Indeed, there is no need to enter a trade instantly. Before making any trade, we should determine our entry, our stop loss as well as our profit by using technical analysis and then, we just need to wait for the price to get into our zone. Trading heedlessly only makes our capital smaller because of losing order. There is one thing I think that it is necessary for all trader: to understand ourselves as well as our weaknesses in order to avoid making the same mistakes over and over again.

All you're talking about is the theory anyone can say. But how many people will exercise that theory? How many people have succeeded from the above statements? Have you been successful yourself? In fact, even if you know what you need to do, you may not be able to do it yet. It is difficult for people to overcome the temptations.

And one more thing, everyone wants to get rich quickly, right? Do not lie to Cheesy

- Agree to your comment, there are too many ways to overcome the weaknesses in trading and limit haste but in practical terms, these methods still do not yield some enough evidence to convince our beliefs, the only evidence I consistently see is that similar advice and topics are created over time, old workarounds and not worth it. The torment in our mind always drives us to solve problems faster and more thoughtless, theory we've ever put out suddenly dismissed aside, after being awake and promising ourselves, we continue to make mistakes without control

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: death69 on March 30, 2021, 03:55:50 AM

Indeed, there is no need to enter a trade instantly. Before making any trade, we should determine our entry, our stop loss as well as our profit by using technical analysis and then, we just need to wait for the price to get into our zone. Trading heedlessly only makes our capital smaller because of losing order. There is one thing I think that it is necessary for all trader: to understand ourselves as well as our weaknesses in order to avoid making the same mistakes over and over again.

All you're talking about is the theory anyone can say. But how many people will exercise that theory? How many people have succeeded from the above statements? Have you been successful yourself? In fact, even if you know what you need to do, you may not be able to do it yet. It is difficult for people to overcome the temptations.

And one more thing, everyone wants to get rich quickly, right? Do not lie to Cheesy

death69

hero member

Activity: 1204

Merit: 545

Quote from: Wawa2013 on March 17, 2021, 05:59:34 PM

Actually, if we stick to the plan, there is no need to rush in trading, because we have already determined buy and sell targets. So before
the buy / sell target is reached there is no need to do anything, because acting outside the plan is usually making a loss in trading.
In other words, we really need to have patience in trading, if we really want to get a profit. Crypto market is volatile, making us panic
and take action outside the plan. This must be avoided.

Indeed, there is no need to enter a trade instantly. Before making any trade, we should determine our entry, our stop loss as well as our profit by using technical analysis and then, we just need to wait for the price to get into our zone. Trading heedlessly only makes our capital smaller because of losing order. There is one thing I think that it is necessary for all trader: to understand ourselves as well as our weaknesses in order to avoid making the same mistakes over and over again.

In addition, I understand that people want to make fast money when the market is so volatile like this. But, being rich in a short time does not mean anything. Life has much more things for you to enjoy and have fun with. Get outside, take exercise, drink some beers with a friend or travel are all best things to do. And don't forget to gaining more and more knowledge is the best way to make ourselves profitable. The advanced knowledge you have obviously open more gates for you with new opportunities. Tons of way to increase our income, not just trading crypto alone

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

The disadvantage of taking this type of trading is that if you miss an opportunity that you see in one day to make a good sale obtaining a high profit, and you leave it the next day it may have fallen in price and if you put a sale it may not tap on the target, I think the best thing to do is:

1.-Follow up and place a high profit.
2.-If you touch the profit, what you should do is lengthen the profits by moving the Stop Loss, to be winning for sure.

Some Exchanges have the option of placing the Stop Loss and the Take Profit at the same time, with that you save time from moving the Stop Loss and you can make Re-Entries without losing the original position.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

Can't say I totally agree with this. I actually find that crypto tradings are all about timing. If you're too late even, by a split second you can feel the difference big time.

What I think is more suitable is to never hurry while doing what's required - due diligence - which of course, has to be done in advance.

tbterryboy

sr. member

Activity: 2030

Merit: 323

Quote from: perfect999 on March 29, 2021, 01:33:12 PM

the method you have here is what I always make use of; selling my coins in batches. I never sell them all at once, because the market can move any direction at anytime, so once I have covered my invested capital enough, I quickly remove it and let the rest stay in the market and continue the growth and for sure there are times of losses, but it wouldn’t disturb you that much knowing that you have gotten your invested capital back with some profits, and the rest there is just for you to continue making profit while the market is growing.

This is actually a good way of reaping the highest rewards for your faith in tokens. I do the same when I invest in a token and it is doing good, I don't want to wait too long because the price might drop back to a lower value soon but at the same time, I don't want to cash out too early so I rather sell a part of my coins and repeat the same slowly to get the highest value for my investment.

Quote from: Lanatsa on March 29, 2021, 02:37:32 PM

not like when you do have some loaned money and you are eager to make profits and you have lost it instead then that would really be giving a different vibe.

Right, when you are under pressure to make more money with the same investment you might wait for too long and end up in loss actually or sell too early and miss potential gain. I don't know why someone would trade with money they have borrowed because it is just adding an extra layer of pressure and with how unstable the altcoin market is, you will always struggle to keep a calm head.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Quote from: jack05 on March 21, 2021, 04:24:02 AM

We are hurry to buy when coin is at its peak and also in hurry to sell when coin is falling down. This should not be the strategy. Crypto is not for small hearted people with weak nerves. If you cant see market in red then crypto is not for you.

This is the reality for crypto traders. Most traders cannot control their emotions when it comes to trading. They always put themselves in the middle of a hurry, they think if they miss an opportunity, they will not get another opportunity. But this is their misconception. If they can gain experience in analyzing the market properly, they can always take advantage of the market. Buy after making a huge pump in the market, and sell after making a big dump. It is important to acquire trading knowledge to protect yourself from such situations.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: perfect999 on March 29, 2021, 01:33:12 PM

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

Yes the method you have here is what I always make use of; selling my coins in batches. I never sell them all at once, because the market can move any direction at anytime, so once I have covered my invested capital enough, I quickly remove it and let the rest stay in the market and continue the growth and for sure there are times of losses, but it wouldn’t disturb you that much knowing that you have gotten your invested capital back with some profits, and the rest there is just for you to continue making profit while the market is growing.

Once you had able to secure out your capital then you would really be that confident even if you do lost up some money with your further investment since you do know behind

that you had already gained and you are just re-rolling or reinvesting the profit you had made and in case you have lost it then stress or pressure wont really be that serious

not like when you do have some loaned money and you are eager to make profits and you have lost it instead then that would really be giving a different vibe.

perfect999

sr. member

Activity: 1694

Merit: 299

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

Yes the method you have here is what I always make use of; selling my coins in batches. I never sell them all at once, because the market can move any direction at anytime, so once I have covered my invested capital enough, I quickly remove it and let the rest stay in the market and continue the growth and for sure there are times of losses, but it wouldn’t disturb you that much knowing that you have gotten your invested capital back with some profits, and the rest there is just for you to continue making profit while the market is growing.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: Kez1817 on March 21, 2021, 08:27:54 AM

Quote from: Wawa2013 on March 17, 2021, 05:59:34 PM

Actually, if we stick to the plan, there is no need to rush in trading, because we have already determined buy and sell targets. So before
the buy / sell target is reached there is no need to do anything, because acting outside the plan is usually making a loss in trading.
In other words, we really need to have patience in trading, if we really want to get a profit. Crypto market is volatile, making us panic
and take action outside the plan. This must be avoided.

Indeed you're right! Patience is always need in trading, if you already set a plan, just wait it to be reach because if not you might loss instead of making profit. Although we have different strategy in doing trade but whatever kind of strategy is it, patience is always need and right timing of buy and sell.

Whatever strategy as long as you understand what your doing enough patience will lead you to maximize your opportunities,
there's always a good side if you know how to plan ahead.

Every traders understand the need of patience, it's your choice as you have to take care of your investment. Your patience
along with your proper understanding are the key tool to success.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

The term is FOMO (Fear Of Missing Out). The FOMO of buy/sell is always harmful since it makes us take the decisions in a hurry.
We tend to go with flow and sometimes end up in a loss since the market goes in the opposite direction after we buy/sell.
To stop this from happening we should always take the time to do a research and analyse at what point we should buy/sell.
This gives the time for the FOMO to settle and also help us take better decisions according to our research and analysis.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: Ausgewielt on March 13, 2021, 08:23:24 AM

For me its just works for buying bitcoin. Because when we buy actually we are choosing our position in trading so in my point of view we should not be in a hurry at that time. But when there is bull market and we already can get enough profit then I think it is okay to sell in hurry when the price starting to fall, this is what I call avoiding the greed. Of course analyzing the chart also important in decision making. But when the time is close to bitcoin halving then we should be in a hurry to buy bitcoin because the price definitely will rise, so don't miss the chance.

If you think it is okay to sell in a hurry in a bull market that means you will never be a rich person, do not be worried I am sure you will find a way to make a living in some career but just not in crypto. Bitcoin is something that always brings profit, but aside from that even when it drops, it goes back up very quickly, just recently we were 58k and reached to 43k and look where we are right now, we broke the ATH and became 60k all over again, that is why you should not sell in a hurry.

In fact if you ever do anything in a hurry, it should be buying in a hurry, when the price drops, I keep buying more and more, I actually take out a loan to buy more, because I know that low prices are great to buy bitcoin and it helps you make a profit later when the price goes up, that is why I think it is quite wrong to sell bitcoin and you should not do anything in hurry but if you do anything, it should be buying.

Topic: Never Be in a hurry - page 9. (Read 2290 times)