Should trades be closed only when the market is bullish? - page 4.

Bushdark

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Quote from: Negotiation on March 21, 2024, 10:51:28 PM

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?

Trade according to how your spirit lead you you. We can always make money from the market if the room is there so we don't have to fell relaxed after making few dollars. We are in the bull market and it's time for us to keep trading and making money from our trades.
We can make money by trading especially when the price is volatile. Just like se last week, towards the weekend, the price of Bitcoin was falling and if we arr sharo traders, we could tske the advantage to trade in the market along to make more moeny for ourselves.

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Quote from: Negotiation on March 21, 2024, 10:51:28 PM

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?

Close your trades or orders when you're done and in profit or you're to cut loss. Whatever is the reason for you to close them, make sure that it benefits you.

Even during a cut loss, I'd say that it's still a benefit for someone who's trying not to lose that much.

So, you close those trades when you're finally done with them and you want to take a rest first from the market.

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If someone is very good at trading he can do it. And when BTC price goes up almost everyone wants to invest. Because then greed is very hard to deal with. But those who can trade well profit and those who don't know how to trade well. They face losses. One of the rules of trading is to control your greed when the market is good. But most traders fail to control their greed and face losses by investing. It is very frustrating. Many traders who face losses by investing like this call it bad trading.

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Quote from: husencoe on March 22, 2024, 09:28:20 AM

I think when a bullish happend, it's the time when trading should be wide open. Bullish is an opportunity to earn as much income as possible. But of course we have to be careful and continue to monitor when the market makes corrections so that we can take profits while they are still small corrections. This is why we need a good emotions so that we don't need to rush out of the market so that we only get a small profit. Just believe in the analysis and plans that we have prepared before we enter to the market. without it, we will easily lose direction. Maybe you should learn to restrain your emotions a little more here. Cheesy

You have a point, but not every bullish in the market should a trader will enter or open a trade. In fact, opening a trade in the heat of bullish may be risky because there are many sharp movements in the market when the currency is in bullish, meaning you might open in the peam of the movement and the price doesn't go up anymore, then you will lose a trade. It's better to ride on the bullish before it happens. If you are not expert enough, then don't attempt to open a trade during bullish because, like you've said, if you catch on the correction, your account might be liquefied, and no one trader wants that to happen. Just be more cautious and careful in the market. The crypto market can be scary; in fact, it is a scary and risky way of earning, so you better take all precautions you can.

husencoe

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I think when a bullish happend, it's the time when trading should be wide open. Bullish is an opportunity to earn as much income as possible. But of course we have to be careful and continue to monitor when the market makes corrections so that we can take profits while they are still small corrections. This is why we need a good emotions so that we don't need to rush out of the market so that we only get a small profit. Just believe in the analysis and plans that we have prepared before we enter to the market. without it, we will easily lose direction. Maybe you should learn to restrain your emotions a little more here. Cheesy

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Quote from: Negotiation on March 21, 2024, 10:51:28 PM

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.

Its easier to make a trade with the market currently because it becomes more active unlike before that the market is down from the 38-40k range only people who scalps with the market ups and down getting a good gains, but for the long traders its not a good opportunity to them, after we reached another pump came from the Bitcoin we are now seeing more active traders, investors, other coins pairs with the bitcoin reason why it becomes trend and people now get back with the crypto to get in the hype and earned during the bullrun.

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Quote from: Negotiation on March 21, 2024, 10:51:28 PM

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?

Logically, your subject doesn't make sense, it doesn't make sense to close trade when market is bullish, you only close trade when the market is bearish or maybe when you have hit your targets. However, most often, to always avoid your profits wearing off, it's always better to use Trailing profits, that's help you take profits at the particular place you want it to take the profit for you.

What you should know about market is this, both ways profits can be printed if you understand the market very well. As a regular spot trader, I don't short market when everyone is bullish, I become bullish as well because the trend is your friend but I don't follow the trend blindly like everyone do, I take my profits before we reach resistance, that's what I did with Bitcoin when we reached ATH of Bitcoin and then short the market at $71k and it's still open. The reason why I shorted is not because I'm bearish, the market is still bullish but short term bearish as halving is coming a lot of weak hands will sell off until after the halving before another rally will start again and by then my shot will be close as I have another open order waiting to be filled so we can continue the ride.

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Periods like what we're experiencing right now should always be taken advantage of by people who trade since there are a lot more opportunities to profit due to the shorter time frame that the market does to jump from low to high and high to low. A lot harder when it's sideways since there are fewer opportunities to take profit from a trade. Wouldn't recommend it naturally if you're a bad trader though. Regardless of it being an opportunity, you still need to know how to take advantage of it (which I haven't when I tried in the past).

moneystery

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when the market is bullish, there are many positions that traders can take to make a profit. if traders can position themselves correctly, by taking advantage of the gaps that exist in increasing bitcoin prices, of course this will be an advantage for themselves, because they can easily make a profit.

however, even so, a bullish market is difficult to predict and prices can tend to rise or fall significantly, and this can potentially harm traders if they determine the wrong strategy for their trading, jadi trader perlu untuk bertindak dan berpikir cepat agar mereka tidak mengalami kerugian.

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Quote from: Negotiation on March 21, 2024, 10:51:28 PM

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's true that traders have this kind of thinking where they will trade a lot and will try to maximize the bull market. Even those investors who aren't trading all of the sudden are trading already because why not? They believe that they will get profit still because we are in a bull run. Well, it might be true especially when you are trading in spot market, but there are some who are still losing money because they have no experience in trading whatsoever.

Good traders know when to enter and when not to. I've also did the same thing as well when I was newbie in trading. I still remember that I only make 1 entry and 1 exit in a span of 2 days, but when the bull market starts, IIRC I'm making around 3-4 or even 5 in the span of 2 days. At first, you might make some money off of it, but that isn't sustainable, and there might be a time where you will lose your money.

I'm thinking, I guess going to futures market, open a market with low leverage might work right? Let's say maybe x2-x4 leverage only, and just put it there until the bull run ends. You will not get liquidated that easily because of low leverage. Any opinion on that strategy that just came out on my mind? Cheesy

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Quote from: Negotiation on March 21, 2024, 10:51:28 PM

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?

Well for day traders continous going up isnt healthy at all they want some volatility but for some investors who bought at low price this is a good stance for them since their tokens are pumping. Rallying on the market up and down thats more preferably by the traders cause they can go exit and entry depends on the chart they are doing.

hugeblack

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Good investors know that profit is in buying, not selling, and the best time to buy is the down market, while the trader knows that he can make a profit regardless of the market situation. If you were looking at the rising market to start trading, then you are an investor and not a trader, and then your investment will be a failure because the buying point was at a high price.
Trading is related to price fluctuation, and in both the up and down trend, there are periods when the price is stable and less volatile, and therefore there is no ideal time for trading.

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Quote from: Negotiation on March 21, 2024, 10:51:28 PM

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 depends on how good you are in trading. Some traders buy or open a long position in bull market but in a way they will not stay long but for short time, make some profit and close the position opened. Some people buy bitcoin and the market still continue to increase. It depends on what you speculate from your analysis. Your analysis may tells you not to open any positions at all, or to enter market and leave fast or to enter market and not close the position for awhile.

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Quote from: Negotiation on March 21, 2024, 10:51:28 PM

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?

An increase on the price is often accompanied by more volume and volatility, and this often means more opportunities to make money for traders and speculators, in light of this I do not see anything wrong with traders becoming more active at the time.

But could this increase on the activity of a trader bring more losses if they are not careful? Yes, but that is what trading is about, and anyone that is not willing to take this risk should give up being a trader and become an investor instead.

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Quote from: adaseb on March 21, 2024, 11:17:52 PM

When crypto markets are rallying you should be trading more because it’s easier to make money. There are lots of opportunists and as long as you go long you have a better chance at making money.

It's easier to get green lights showing up all over the place, sure, but trading when rallying is a no-brainer, the problem is, if this is how you trade, then you'll always going to get caught when the rally drops.

And you know what the result is? You are posting 50 +1% wins in the rally, and then losing 5 -20% when you get caught out.

So you're right, but you're also explaining why 'better chances' doesn't equate to 'making profit at the end'.

People make the same mistake gambling, like even myself. People think they should be betting on 1.01x because it's easier to make money. Then they win 1.01x 50 times, and lose 1 time and go bust.

adaseb

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When crypto markets are rallying you should be trading more because it’s easier to make money. There are lots of opportunists and as long as you go long you have a better chance at making money.

Compare this to trading bear markets and sideways markets. Those are usually very difficult to trade. So you can trade those less but still have a hard time making money while now you can pretty much buy any meme coin and make great profits.

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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?

Topic: Should trades be closed only when the market is bullish? - page 4. (Read 795 times)