Topic: Short one's own operation (Read 298 times)

Well because trading is not just easy you need to improve your skill and ability know it especially .when we are using our analysis like technical analysis . well for a facility is never so there is no way you could be single out and cough caused one in a sea of traders trading some market and instrument but sometimes this presence will give us a good opportunity to benefit the market just need to have perfect timing in it on it and must you have believed in every decision you have and the last one is should focus on the trading plan.

true, as the matter fact when it comes trading patience is the most important, even you know how to use and to execute those indicators in the chart but your too greedy, then you will fail somethimes. Coz it's about time, not all the time you can use it unless if the market isn't like this which too volatile, especially if you're scalping and seeking for trend, surely there will be some false signals.. So it really need some efforts and time.

Sometimes technical indicators fail. If you rely on your feelings, wait more time and don't rush to conclusions.

In crypto when you are a short term trader the idea of "buy low and sell high" becomes something a lot less relaxed, it is a very rigid concept. What you have to do or at least try to achieve is moving very quickly. Which means that if you really want to make a profit in one move inside of 10 days that means you will have to end up buying very quickly and selling very quickly, so the entry point does matter in that case, but when?

For example, when bitcoin drops from 50k+ levels to under 40k, then you will end up buying, so a 35k is a great price at that time and yes it did move up after that, you or a long term investor both should not be afraid. On the other hand we have been under 40k for a very long time, and then we are still not going up, which means that we should probably wait if we are in short term trading, whereas long term can still buy. So it is a lower price, but you have to wait, which means it is not about price, it is about past weeks or even days.

I have come to understand something with the whole concept of buying low and selling high. Every trader want to buy low at a certain price without realizing the buying has to do with your own entry point and not what others think. Your entry point has to be determine by many factors, one of which is when you'll be targeting to sell. If you're targeting selling anytime within days or weeks then you don't have to rush into a declining market as there's every possiblity of further drop within that period but many don't take notes of this.

They blindly follow predictions of long term traders without realizing the reason for that entry point been emphasize on. In years or months to come the price is definitely going to be trading above that buy price but that can't be said about days or in weeks time, which is why you should do your analysis yourself and not rely on what you see online.

For example, long term traders hoping to take profit when bitcoin is trading around or above $100k aren't scared of buying when Bitcoin was trading below $50k but that shouldn't be the entry point of a short term trader as there was every possiblity of further drop as we experienced.

Those are the two main problems with most people that want to become traders, they are not only greedy which is not as bad by itself but when you pair this with laziness this is an awful combination.

They want to become rich with trading but at the same time they do not want to make the effort to understand the markets, after all what can be so hard about buying an asset for cheap and then sell it for an even more expensive price? In their minds this should be the easiest thing on the world, not realizing that it is probably one of the hardest as everyone wants to do exactly the same making the markets extremely competitive.

The problem is that many people simply follow well-known traders on Twitter and they naturally brag about their profits, making you think "I can do that too, I just have to sell higher than I bought".

So these people are very much after the "quick money", which simply does not exist - apart from extremely lucky people of course. Well-known traders have usually had to gain years of experience and pay a lot of money until they were finally able to make a profit. In order to be successful in something you simply have to invest time and not believe that you just have to subscribe to a signal service and you are a millionaire in no time. But with this mindset, especially newcomers very often approach and then of course immediately go crazy as soon as a trade goes wrong or the market as a whole turns.

To succeed at trading you have to be very disciplined, many rush into trading without having an idea what they're going into. They see trading as gambling where you just have to try your luck and if it favours you, you succeed. Which is why they usually don't have to wait for the market confirmation. They just take a step of faith and usually they go all in 100%. Sometimes they profits but majority of the time they loss.

Majority in the market claiming to be traders don't posses the skills of trading which is why we have very low successful ones out there. The bull market makes them all look good but they lose it all when the bears comes and the cycle continues in that manner.

Traders this days hardly even have their own opinion to depend on as they prefer relying on others (signal providers) to trade. They don't even have the patience to learn the skills before wanting to earn, what makes you think they'll have the patience to wait on the market for confirmation.

Yes, as in your experience, the most valuable thing is to keep trading simple, stay sensitive and continue to learn.

Mere looking at your write-up, I think you need to work more on your knowledge about those factors that control the market activity. What triggers price movement so that you can have a good sight on how you could analyze the market fluctuation.

When I started trading, the same thing that is happening to you now happens to me also then. I do have this mind set of the market always after my stop loss anytime I place a trade. After a while of reading trading books and practicing on my real account cause demo will not really show you the feelings attached when you lose. I started understanding the market fluctuation and how to trade without being skeptical of the market.

This is how I was able to understand that higer time frames control the lower time frame building confidence when trading.

As you say one possibility is that they simply do not have the necessary emotional control to become traders, after all it may seem as if it is easy as some people see it in a way similar to a video game, but as soon as the consequences for failing become too real then people cannot deal with it anymore.

The second problem is that many people have a strategy but they do not actually know if it works since they did not backtested their strategy, which means that when things get hard they do not really trust their strategy and then they panic and then sell their coins for a bad price.

Patience is very important in trading. It help traders to understand the virtue of trading relating to timing and execution.
Changing trading strategy does not guarantee successful trading cause your trading psychology is still there to orientate you through the journey of trading. Rather than changing your strategy which is just 30% guarantee to successful trading. Why don't you work on your self and attitude toward trading and a better trading lifestyle would guide you through the journey.

In my opinion, imagining that all the market volatilities are caused by whales is definitely a misconception. See, recently China's new policy against cryptocurrencies triggered a bear trend which might led whales also booking losses but most people are still blaming whales for manipulating markets. Other than that, I agree with you that if we are not taking care of risk management then all our capital will be lost in no time.

Long term holding must be a best solution for all the traders who find their life too much of struggles because of unpredictable market volatility. Long term holding these days being considered like passive income generation with zero risks.

The market is indeed risky and unexpected when it comes to volatility and sometimes what you see in trend is somehow a trap like a quick spike yet suddenly down after you sell but if you have stop-loss you can avoid it. This is why trading is risky that's why you have to minimize the risk of losing money or else you will see your funds eaten by the whales.

It's not all about the judgment of the market performance but it is also how you minimize the risk and diversified your funds. That's the risk you are facing everytime you enter this crypto market.

It is a smart choice since I'm not a good trader unlike the others but I make profit in the usual trades that I do but I rarely do it now and have chosen to hold.
Yes, most of is where from early purchases and accumulation but it's no longer that much but I'm looking forward that someday that it's going to be greater than what I've expected.

Market is always working along with risk factor and you can't be sure whether your decision will profit you or not and you cannot mix your emotions with judgement which is risky.You always need to learn how the market reacts in different situations and what must be your response to that reaction which will judge your profits or loss.Always stay alert if you are trader and if holder then just relax and see pump and dump in charts.

I agree with you. There is no shortcut in trading, whether it is in terms of learning techniques or hitting that “jackpot” kind of moment. Being patient, when it comes to trading, can put a trader a long way and in a good place. Although it is easier said than done, emotions and aggression to success must be kept in the cool to not lose one’s sanity in making trade decisions.

Being patient is very important but you can never get it 100% accurate no matter what, just you need to adapt this and play the game of cryptocurrency trading. Mkre shorter your trading the the risk is going to be higher so if you are always wrong then you need to change your trading strategies.

Yes, your suggestions are valuable. Recently I am also adjusting my state. It’s really cool not to watch the quotation sheet all the time!!! I will enjoy this time and improve my cognitive level



You are one of the best investment types I know, and your trading philosophy is what I need to learn. I’ve always wanted to ask a question, and I’ve never asked it here before. In the Bitcoin forums, most of the Bitcoin holdings are now wealth-free. In addition to the administrator and the Bitcoin startup team, the rest are also Have you got it from the beginning until now? Your experience in the middle must be the most exciting and exciting. Holding Bitcoin is a smart person's choice.
 Yes, we need to set stop loss and profit when we judge a trading cycle from the beginning of buying. There should be a callback value, its own standard. Don't speculate easily. Only under the premise of guaranteeing its own financial security can it proceed.
Yes, the time factor is very important. No one will sell to the highest point and buy at the lowest point. Just not greedy.
Yes, it seems that long-term holding is the biggest winner. I try to forget the numbers in my wallet, and I fail every time. This has changed from regret at the beginning to ashamed to the senselessness now. This is my current state, I still need to adjust him, you are the reminder of my study.
What you said is very correct, long-term holding, if I did not personally operate, I would not feel that I have to learn in this direction.
Yes, I agree with your point of view, and I will do the same. Keep trying.

What you have done is the right thing, because if we force trading, even though we know we have made many mistakes. Then it will only
make us lose more and more money. I agree we sometimes have to stop trading and be investors, because being a successful trader is not easy.
It takes a long process, so we can learn from every mistake we make.