there's honestly simple solution to this where it won't jeopardize your portfolio, simply put having differentiated portfolio will save your day when in bullish like this.
trading using the portfolio where you should be holding instead since bullish always means price always going up could defnitely break your routine and cause you to miss most opportunities that bullish has presented.
imagine if someone is trading solana, instead of investing and holding for long term they traded and make money when the price rises as little as 10% they'd definitely 100% misses the opportunity to get 20x like other investors out there.
sometime trading is just waste of time and also making us missing opportunity that we should be having in the first place if we are not eager to just keep on trying to make big profit through trading while the outcome is just sub par compared with those investors that holds for long term.
like i stated earlier,the key is maybe simply just try to make different portfolio, whatever is for trading you only use it for trading, while the investment portfolio will only focused on investment.
Topic: Should trades be closed only when the market is bullish? (Read 780 times)
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
I think you are mixing things up here, trading more doesn't put our trading account in jeopardy unless we are mismanaging our trading account. The plan could be faulty, if not, one can do whatever they like when the market is strongly trending up or down. What matters is for the trader to know the right striking level and time and the exiting level at the same time, and also know the right money and risk management to use at that point in time so that the view that the market is bullish and smoothly trending will not cloud our judgement. The market is funny and the one you see seriously trending up for hours and that has moved 250 pips steadily could suddenly reverse sharply downwards with more than 350 pips depending on the factor that caused it. For this, serious traders will always be ever ready even as the safety of our trading accounts should be the top priority and not the expected earning itself. What is your experience in this field?
It is normal to see people start trading when the price rises. But they need to be able to understand that the increase will not happen forever so they need to know when they should stop trading for a while. Maybe it can endanger our trading management but as long as we can reduce the level of risk of loss, we can continue trading and make a profit.
Maybe they can start trading when the price is at the bottom. By buying at the bottom price and waiting for it to rise again, it will benefit us. The problem is that we never know if it really is a bottom or if the price will drop even further.
That is why we must be able to regulate the number of purchases we make. Don't immediately buy large amounts but start by buying small amounts to see market movements. If the price continues to decline, we can buy a little more until we see a reversal. When the reversal has occurred, we can add more purchases and get ready to sell at the high price we want. The problem is that many of us then become greedy because we want big profits. However, the price cannot continue to rise upwards because the price will experience another correction and cause it to fall downwards.
Maybe they can start trading when the price is at the bottom. By buying at the bottom price and waiting for it to rise again, it will benefit us. The problem is that we never know if it really is a bottom or if the price will drop even further.
That is why we must be able to regulate the number of purchases we make. Don't immediately buy large amounts but start by buying small amounts to see market movements. If the price continues to decline, we can buy a little more until we see a reversal. When the reversal has occurred, we can add more purchases and get ready to sell at the high price we want. The problem is that many of us then become greedy because we want big profits. However, the price cannot continue to rise upwards because the price will experience another correction and cause it to fall downwards.
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
Thats called FOMO and the selling that occurs when bitcoin value drops a lot is the opposite of it. This is common and something you can see during every cycle.The thing to take advantage of is the high selling price that you can get when the price is at the top and people are FOMO buying, so you can dump on them at a high price and hold that USDT for when the price drops, people will panic sell and you can use the USDT to buy at a discounted price.
So yes trades should be closed/sold when the market is bullish and opened/bought when the market is down.
There are times when you should be able to maximize market volatility during the bullish season - this should make you increase your trading activity as much as you can afford the risk. If you can trade and take profits 1x per 24 hours on a typical day - then you should be able to at least try 2 to 3 times taking profits during a bullish season.
It's up to you what you consider - what is clear is that futures are a type of trading that attracts many enthusiasts, both experienced traders and novice traders. Trading futures will clearly be a gamble if you just hope for quick profits without doing any analysis - however, if you make the analysis and use reasonable leverage then it is not a gamble.
Spot trading has a stop loss feature - future trading also exists, it's just that the way these two types of trading work is different. You can expect your coins to remain intact when the price falls 100% of your initial purchase value - while you will lose all your money on futures trades when you receive liquidation.
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I don't consider futures is actually comes under the trading category because it's just a gamble and leverage is highly risky that will not let us to decide with full potential because of the fear of losing capital that we can't bear. Only spot trading should be done for the stressless trading experience where we can also use the stop loss feature to avoid liquidation.Spot trading has a stop loss feature - future trading also exists, it's just that the way these two types of trading work is different. You can expect your coins to remain intact when the price falls 100% of your initial purchase value - while you will lose all your money on futures trades when you receive liquidation.
In general they should know what is their target with their trade, it can be a 1 or 2% rise or a long wait that depends on every trader and what kind of trade they are doing.
If you are only doing spot trading, of course don't sell your assets n losing positions. Just be patient and wait for price to get into your favor. If only you have more patience to wait, you'll gonna make more money. But if you are trading futures or with leverage, make sure you have the stop loss so you can protect your capital from bleeding because your stop loss will serve as the invalidation of your trade idea and you don't want to lose all your money just because of that one trade.
You see trading is not just pushing buttons for buy and sells. It's also managing your emotions so that you won't make stupid decisions when you are waiting for the right moment to buy/sell.
I don't consider futures is actually comes under the trading category because it's just a gamble and leverage is highly risky that will not let us to decide with full potential because of the fear of losing capital that we can't bear. Only spot trading should be done for the stressless trading experience where we can also use the stop loss feature to avoid liquidation.
If you are only doing spot trading, of course don't sell your assets n losing positions. Just be patient and wait for price to get into your favor. If only you have more patience to wait, you'll gonna make more money. But if you are trading futures or with leverage, make sure you have the stop loss so you can protect your capital from bleeding because your stop loss will serve as the invalidation of your trade idea and you don't want to lose all your money just because of that one trade.
You see trading is not just pushing buttons for buy and sells. It's also managing your emotions so that you won't make stupid decisions when you are waiting for the right moment to buy/sell.
It definitely depends on the type of trade OP is talking about. For a spot trader once the market is undergoing a bearish correction it is best advised to stop selling and then start buying the coins which you have strong convictions on, this counts as part of DCA method too. But should you decide not to buy more then leave the trade as it is in spot so as not to close on loss.
As for future or perpetual trading you can simply trade on any different type of market once you have the essential knowledge. You usually play long on bullish period and go short during bearish periods. It is also worth knowing that even within this different period both long and short trades can take place most especially for daily traders.
But if you’re a less knowledgeable person it is not advised to trade during this as it might require you setting a tight stop loss which is essentially for the knowledgeable traders
In general they should know what is their target with their trade, it can be a 1 or 2% rise or a long wait that depends on every trader and what kind of trade they are doing.
If you are only doing spot trading, of course don't sell your assets n losing positions. Just be patient and wait for price to get into your favor. If only you have more patience to wait, you'll gonna make more money. But if you are trading futures or with leverage, make sure you have the stop loss so you can protect your capital from bleeding because your stop loss will serve as the invalidation of your trade idea and you don't want to lose all your money just because of that one trade.
You see trading is not just pushing buttons for buy and sells. It's also managing your emotions so that you won't make stupid decisions when you are waiting for the right moment to buy/sell.
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
now, if you are a trader, you can not only profit when the price of Bitcoin moves up, but you can also profit when the price of Bitcoin decreases (btc down), so the assumption that a trader will only profit when the market is bullish is a wrong perception. What is your experience in this field?
from my observation, those who often experience losses in the crypto market are those who have FUD and also FOMO, as much as possible avoid the two things above, actually becoming a trader now is quite easy, there are many privileges that we can take advantage of, just be consistent and patient in trading is not owned by everyone who is carrying out trading activities.
If you are someone whose really that not that still satisfied with the profit you are making then you would be that still holding your position and leave it open but if you are really that already
satisfied then you could really close it out and call it a day. Doesnt matter on what the market trend would be as long it is really that something that will really benefit you out then
this is something that you do need to focus into.
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
now, if you are a trader, you can not only profit when the price of Bitcoin moves up, but you can also profit when the price of Bitcoin decreases (btc down), so the assumption that a trader will only profit when the market is bullish is a wrong perception. What is your experience in this field?
from my observation, those who often experience losses in the crypto market are those who have FUD and also FOMO, as much as possible avoid the two things above, actually becoming a trader now is quite easy, there are many privileges that we can take advantage of, just be consistent and patient in trading is not owned by everyone who is carrying out trading activities.
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
People that pretend to be good traders and have no knowledge about trading are the ones that trade only during the bull run; they pretended to know how to trade using different strategies just because the Bitcoin price is in an increasing order which is favorable to anyone then because everybody can trade them and be profitable.What is your experience in this field?
When the Bull market is over, that is when we know the real traders that knows how to trade because they do maintain irrespective of the market conditions, and they don’t stop trading because of bear market because they know how to make profit since they have experience and have learned about trading before starting to trade.
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
What is your experience in this field?
Experimentally, traders make a lot of money during bullish trend than any other trend the market might be in. A lot of traders who have stayed long in the market knows how cryptocurrencies behave and how they rally around the market when bitcoin is on the increase. They begin to long the market as soon as they see the signal and for those that have proper risk management employed in their trades, they immediately exit the market within a short time which they would have already made a lot of profits. It is just on the basis of how you understand the market and what works for you best and you are able to take the risk in it.
Maybe for you and for some only? But, a controlled trader will stick on their plans and will not get tempted by such event because they know the consequences for it. Given that there are people who FOMO in bullish periods, we can say that losses are also common during it apart from the bearish times.
Bulls and bears are part of how this market works and in order for us to profit we need to utilize them properly, so no that we should not close our trades on the bull or in the bear, unless only if we are deciding to take a break from trading for a while because we are already in a great profit and want to enjoy it, or we got depressed.
Bulls and bears are part of how this market works and in order for us to profit we need to utilize them properly, so no that we should not close our trades on the bull or in the bear, unless only if we are deciding to take a break from trading for a while because we are already in a great profit and want to enjoy it, or we got depressed.
Trades can be executed to avoid huge losses as well which means it can be done even when the market is in red. In general they should know what is their target with their trade, it can be a 1 or 2% rise or a long wait that depends on every trader and what kind of trade they are doing. Not everytime the market will not move in the way that we expect so by that time we have to close our positions against our decisions.
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
I have learned a lot from trading futures and the spot market, regardless of the phase of the market, whether we've entered a serious bull run or not, I'm being cautious, I stick to my plans, I'm very much concerned about what I will do in the market and have peace of mind, that's just the key to survive. The market has thought a lot on how not to risk high regardless, if the price is going to the moon or not, Always take profit whenever it is necessary because the truth is that you can't gain it as a retail trader or even as investor, Never keep your profits together with your trading capital, else at some point, there high percentage chance that profit will be given back to the system if care is not taken. What is your experience in this field?
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
It seems what you say is true. And this also happened to me. i.e. I tend to trade more frequently nowadays especially after the bitcoin halving. Even though before that I rarely traded. And the funny thing is that in this bull market, I actually have difficulty making a profit. but I also didn't get any loss. I just keep making profits and losses over and over again. Usually I only trade medium term. And I think I'll try to go back to my original path again. That is, I will trade medium term again instead of having to open the market every day and make my mentality a little tired. And this disturbs my work a little. So I have to temporarily close the market while waiting for the altcoin that I hold to reach the target price that I hope for. What is your experience in this field?
...So those thinking about taking profits should be very careful, since if they do so and then the market keeps going up, they could miss the rest of the upward movement, as they could be very reluctant to buy bitcoin for its new and higher price if that happened.
Most novice traders have very high expectations from trading, which in practice turn into a loss. And if you fix your profit in the bull market in parts, or at least tighten the stop loss following the rising price, then such a strategy will always bring profit.
...So those thinking about taking profits should be very careful, since if they do so and then the market keeps going up, they could miss the rest of the upward movement, as they could be very reluctant to buy bitcoin for its new and higher price if that happened.
Most novice traders have very high expectations from trading, which in practice turn into a loss. And if you fix your profit in the bull market in parts, or at least tighten the stop loss following the rising price, then such a strategy will always bring profit.
Since traders know the reason why they are in the market, there is nothing will stop them not to trade when there is a bull run in the market because they understand the season very well that, this is the season to make profits from the market.
Traders must buy from the market during the bear market, before they can trade their coins in the market, and many traders use bear run to buy any amount of coins they want and wait for the bull run which is a special season that use to occur once in every 3 or 4 years.
Those traders you are seeing in the market, they are not there for fun because that is their source of income which is the reason why they don't play when they have some huge amount of coins to trade in the bull run.
Traders must buy from the market during the bear market, before they can trade their coins in the market, and many traders use bear run to buy any amount of coins they want and wait for the bull run which is a special season that use to occur once in every 3 or 4 years.
Those traders you are seeing in the market, they are not there for fun because that is their source of income which is the reason why they don't play when they have some huge amount of coins to trade in the bull run.
It's just like this: if you don't want a headache, don't do day trading mo instead long term ang gawin mo, because you'll only get stressed for sure in the end. Especially if you don't have enough knowledge of crypto trading.
It's very difficult to keep up with traders who really know; they don't feel like you know a lot when, in reality, you don't have much.
It's very difficult to keep up with traders who really know; they don't feel like you know a lot when, in reality, you don't have much.
When people open trades for a long period of time, no one ever sees the price. In fact, the market should be understood. Besides, it should be understood when the market movement is high or low. It is difficult to understand the behavior of the market here.
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