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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.
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.

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.

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.

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. ;-)

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.

---

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.

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.

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.

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.

The "timing" is still important but the difference is that in bitcoin (or any other larger market) you can't just wait around for some signal "approving judgment", if you do it is very easy to miss out on a lot of opportunities. For example take last time bitcoin had a sudden manipulated dump where price reached $3800. If you sat around waiting for the buy signal you would have missed buying super cheap bitcoins since price jumped back up to $5700 next day and in 3 days price was $7100.
Or my favorite in March 2019 when price was stuck in $3000 range and people were waiting for the signal. It only took a couple of hours for price to go up about $2000 and in less than 2 weeks we were sitting at $8k. Something like that happening on a weekend and you'll miss your window of opportunity.

Option one will be choose by many of the traders.The market had various pattern and stike.So we need wait till some expected value.Because it take huge time to achieve a good value.When the market respond to your trading investments,you will get a profit .Selling with the low price always get some loss.You should balance on upcoming trading.

The altcoin market is not what I want to pursue. Human operations and anti-human operations are not applicable to him.

There is always an element of unpredictability involved in trading but also some markets are just completely unpredictable. Namely the altcoin market. When you say market moves in the opposite direction of your prediction, maybe you are just getting your timings wrong. For example during altcoin pump and dumps, if you are slightly late then you will get dumped on (market moves against you). You just have to get your timing right by trying to use the pump signs and exit before the pump runs out of steam. Or simply stay away from altcoins altogether.

1. It's needed to be patient. Because that's one of the important attitudes of a trader that one must have.

2. I say that trust your own analysis if you have enough experiences that you've been through in this very volatile market. But it's fine to sometimes doubt your capacity if you think that there's something wrong with your analysis and speculation.

Trading is risky, it is not easy to trade and make gain from it, most traders are even losing, emotions needs to be avoided, trading rules have to be followed, traders should have a characteristics of being patient and able to analyse and follow their analysis. Close the opened market at the right time and many more. These are just few of the rules to follow and technical analysis should not be taken for granted. If a trader knows day trading is not his choice after losing repeatedly, he can go for swing trading, he can even do the best by holding when the market has already dump.

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