Topic: Short one's own operation - page 2. (Read 298 times)
Yeah, I relate. My judgment most of the time is wrong when it comes to the market and that's why I don't want to continue and be pushy with my trades. If I go along with one trade and got a lost and my analysis got wrong, I'm stopping as much as I can and go back for being an investor. I invest in different projects but with only the little I have because most that I've got is in bitcoin and I don't want to sacrifice my funds there because of my wrong judgment and inaccurate predictions.
There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
I know exactly how that feels but you should know that if the market is going against you then there is probably something that you are doing wrong.
Until a few months ago I used to trade and make losses instead of profits because the market always used to go against my prediction.
Then I started learning analysis and started using stop losses on my trades. So far it has been beneficial and the most important thing is to be patient and let your orders execute.
Most often when put a buy or sell order we tend to put it based on emotions on not based on analysis.
Our buying and target price should be specific and by placing stop losses we can minimize the losses and find out where we are making mistakes.
The more mistakes we make the more we learn and at some point we start making the correct predictions and gain profits.
This is the turning point from where our profits and real trading experience starts.
The first thing you need to do is take a very deep look at your strategy, which kind of strategy it is? Is it one that is heavily affected by your judgment or is it one that depends entirely on the numbers you see on the screen?
If it is the former then this means that most likely you are letting yourself be affected by the market sentiment and this is causing you to do what it is in the best interests of the whales and not what it is best for you, but if it is the latter then I think as crazy as it may sound that you have your strategy backwards, try to test your strategy and see if it works if you do the opposite and if it does then you have your winning strategy.
That is something I keep telling everyone and yet there are still so many people who let the market movements blur their judgement which is a shame. There are so many people who have ideas, who have goals, who set out prices they want to buy or sell and then when market does something crazy they end up throwing all of that out of window and suddenly make a crazy move. Why are people like that? I mean whats the point of being like that when there are very understandable and reasonable stuff that could potentially allow you to make a profit using only numbers and zero feelings?If it is the former then this means that most likely you are letting yourself be affected by the market sentiment and this is causing you to do what it is in the best interests of the whales and not what it is best for you, but if it is the latter then I think as crazy as it may sound that you have your strategy backwards, try to test your strategy and see if it works if you do the opposite and if it does then you have your winning strategy.
In any case if the market movements are making you squirm then you should not become a trader, or at least risk too much money or you should learn how to suppress our feelings and just act like a robot. You know why there are so many trading bots out there? Because trading bots are better traders since they have no emotions.
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
This is the greatest item every trader/investor needs. If Patience were an app, I would advise everyone to head to playstore or apple store and get one. Patience is a virtue when it comes to trading (even in other spheres of life too). It tasks investors to wait. Sometimes, the wait could be for days to get the seemingly right entry level. Sometimes, the wait could even cause one to miss out on trades because no one truly knows how dip a trade could go. No one can truly pick out a bottom.2. Don't completely trust your judgment until the market's performance confirms your opinion
This is why Stop Loss is necessary. No system is perfect, let alone indicators. Systems fail, so also do indicators. Trades won't always go one's way or predictions and when they don't, it doesn't mean that one's system or judgement is wrong. It simply means that one should review one's approach then. Always remember this: "Plan your trade and then trade your plan", there's no better thing than this if you want to start your trading career. If it's a wrong trade always program your mind that the next time you do it better.
There are too many factors you are on the opposite direction and one of it is your emotion, if you let your emotion on the frontline of your trade expect things a little bit messy. Trading is planning and you need to master it day by day, even professionals still learning everyday - it's a lifelong learning.
I agree that making it a plan and sticking to it will help when the market conditions are not favourable, at least you trust yourself from before. Trading can be hard and you can lose patience but you've got to keep on and not give up, because this is what trading is about - learning fro past mistakes and trying to always come on top. Everybody goes through loses, the difference is how you decide to take that loss. There are too many factors you are on the opposite direction and one of it is your emotion, if you let your emotion on the frontline of your trade expect things a little bit messy. Trading is planning and you need to master it day by day, even professionals still learning everyday - it's a lifelong learning.
There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.
The first thing you need to do is take a very deep look at your strategy, which kind of strategy it is? Is it one that is heavily affected by your judgment or is it one that depends entirely on the numbers you see on the screen?If it is the former then this means that most likely you are letting yourself be affected by the market sentiment and this is causing you to do what it is in the best interests of the whales and not what it is best for you, but if it is the latter then I think as crazy as it may sound that you have your strategy backwards, try to test your strategy and see if it works if you do the opposite and if it does then you have your winning strategy.
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
Crypto market is always known for its tricky movements. Because, you might be experiencing only top most volatile things but you may not able to get the underlying direction of market which is the reason most naive traders are getting trapped over the time regardless of how much time they are spending for technical analysis or buying signal some others.2. Don't completely trust your judgment until the market's performance confirms your opinion
To solve all these dramas, you can simply switch over to long-term holding so that you will never need to concern about what is going to happen in next hour or in upcoming week but you can simply keep on holding so that you will gain big profits after years of holding.
In most cases, the market always seems to be against uiu and you end up thinking there is some agent somewhere, monitoring your trades on which direction you will take and once you choose a position, they immediately use it against you by changing the market direction. It happens quite often especially for beginner traders that the dilemma becomes very discouraging to continue trading you know. For some, you can't convince them otherwise, that's just it they believe.
Well, for a fact its never so. There is no way you could be singled out and focused on in a sea of traders, trading same market and instrument. The market is a constantly changing environment and as such, it might buy and sell for a while, depending on how patient you are on a position, it could immediately turn to your favour and should you switch regularly, the dilemma continues to persist in your head.
Well, for a fact its never so. There is no way you could be singled out and focused on in a sea of traders, trading same market and instrument. The market is a constantly changing environment and as such, it might buy and sell for a while, depending on how patient you are on a position, it could immediately turn to your favour and should you switch regularly, the dilemma continues to persist in your head.
The point is in trading mental strength and must be able to think positively when being hit by a bear market. at least it will control your emotions and not let FUD rule your mind. always try to control the mind and think everything will be fine then go back to the price recovery. Just being patient is not enough, you have to be really extra sure what you are holding is what you chose from the start.
Trading always gives all traders red and blue cycles but all have their own ways and methods of when and where they have to make decisions.
mental strength or psychology is a lesson that all traders must do. either novice or professional trader. Because psychology will determine the profits and losses when trading.Trading always gives all traders red and blue cycles but all have their own ways and methods of when and where they have to make decisions.
FUD, FOMO is a state that will test our psychology. Is it affected or not.
We must have a target where we should take advantage and when to buy it. Do not violate the strategy that has been made.
Trading is simple, buy cheap and sell high. but its implementation will not be that easy. Psychology will play when the price starts to fall and starts to rise far from our predictions.
The point is in trading mental strength and must be able to think positively when being hit by a bear market. at least it will control your emotions and not let FUD rule your mind. always try to control the mind and think everything will be fine then go back to the price recovery. Just being patient is not enough, you have to be really extra sure what you are holding is what you chose from the start.
Trading always gives all traders red and blue cycles but all have their own ways and methods of when and where they have to make decisions.
Trading always gives all traders red and blue cycles but all have their own ways and methods of when and where they have to make decisions.
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
actually it's not bad to make your own judgement but of course it's always too good to be true and that is to follow the trend always. And yes it requires patience and efforts and it really took time always because the most important is a confirmation wherein to assure everything will gonna be alright when you ride in.. But after all of that for sure it's always worth it to do because its the most safest way than relying what's your judgment and etc. 2. Don't completely trust your judgment until the market's performance confirms your opinion
There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
If they only speculate about where the price will move, they will not make a profit instead of losing the money because they can not analyze where the price will move. It is not easy to analyze and know the price movements, but at least we can predict if the chart is like that. We know that it will move up or down. It needs the experience to know the price movements, so you need to have experience and learn more about analyzing the market. 1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
Happens all the time but this is all psychological follow up of your trends. I think you need to restructure your thinking when you predict the market.
I would suggest you to brain wash your current thinking about how those candles really work. There are bunch of free lessons and also forum threads who indicates patterns of candle and how it will behave in the future.
I’m telling like literal patterns which can be taken into consideration and predict the market. ;-)
I would suggest you to brain wash your current thinking about how those candles really work. There are bunch of free lessons and also forum threads who indicates patterns of candle and how it will behave in the future.
I’m telling like literal patterns which can be taken into consideration and predict the market. ;-)
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
What if their speculations arent same with the outcome of the market? Some speculators are sometimes right or wrong and we cant really say how good they are unless they have some past result of speculations that have happened with their reasoning.2. Don't completely trust your judgment until the market's performance confirms your opinion
Sometime you need to trust your judgement whether the market confirms it or not. How do you learn if youll depend on the result itself. Execute and when the market gives you the exact thing you wanted then be greatful, you got it already.
There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
I'm sure that you are watching the flow of the market in micro time frame? well before you enter the market you already have plans to it such as take profit and stop loss, when you already enter the market there's no need to watch it in micro time frame since it would just waste your time and just stick with your stop loss and take profit.
Always remember this: "Plan your trade and then trade your plan", there's no better thing than this if you want to start your trading career. If it's a wrong trade always program your mind that the next time you do it better.
There are too many factors you are on the opposite direction and one of it is your emotion, if you let your emotion on the frontline of your trade expect things a little bit messy. Trading is planning and you need to master it day by day, even professionals still learning everyday - it's a lifelong learning.
There are too many factors you are on the opposite direction and one of it is your emotion, if you let your emotion on the frontline of your trade expect things a little bit messy. Trading is planning and you need to master it day by day, even professionals still learning everyday - it's a lifelong learning.
Well, because trading is not just easy --you need to improve your skills and ability on it especially when we are using our analysis like technical analysis. This will not become complete without fundamental analysis, both this tool can be used not to become 100% accurate but at least you have a guide which the unpredictable thing can forecast into the nearest prediction. But sometimes this patience will give us a good opportunity to benefit the market. Just need to have perfect timing on it and must you have believed in every decision you have and the last one is should focus on the trading plan.
As a trader, you need to have a working strategy that will be use in analysing the market. Market analysis is very important so that one can determine the previous and present price movement using various trading tools 80% guarantee the future trend of the market.
Some traders find it difficult to be self dependent rather, they look for signals from analysts that can guarantee a safe trade without stress and charting. This is the reason why many traders still find it difficult to trade successfully because of lack of focus and fear of losing trades which is part of the game. Loses is certain but success is when rewards is greater than total loses. In as much as there is no 100% sure analysis which guarantee accurate trading, speculators still have the possibility to make poor trades.
Some traders find it difficult to be self dependent rather, they look for signals from analysts that can guarantee a safe trade without stress and charting. This is the reason why many traders still find it difficult to trade successfully because of lack of focus and fear of losing trades which is part of the game. Loses is certain but success is when rewards is greater than total loses. In as much as there is no 100% sure analysis which guarantee accurate trading, speculators still have the possibility to make poor trades.
There are times that my speculation goes opposite. But what I did on my previous trade that until now I am doing is that Im checking charts on different volume, on that way I can reconfirm in longest time frame and with different indicators. Probably, patience indeed needed on this part because the success rate usually depends on how patience you have to yourself and how you integrate all your learnings to your entry positions.
Trading depends on your ability to take advantage of opportunities. The more you have the tools to take advantage of those opportunities, the easier your money will be.
Opportunities come and go, so invest in your mind and learn how to anticipate those opportunities and how to improve your reaction when they occur and thus increase your profits as trading depends on the appropriate times to buy and not when selling.
In general, the emotions are the last thing you want to add.
Opportunities come and go, so invest in your mind and learn how to anticipate those opportunities and how to improve your reaction when they occur and thus increase your profits as trading depends on the appropriate times to buy and not when selling.
In general, the emotions are the last thing you want to add.
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