Topic: Strategies on trading (Read 131 times)
There are different strategies in which one can follow for him to be a successful trader,that is why it is always good to make sure you learn from people who are experienced, because they are the only people who can tell you were the mistake is in trading,and with the strategies they have had in it,they can relate it to you and make you understand how to trade without losing.If there is no mistake,you won't know what you have been doing wrong,the experience you get from the experienced ones are the ones you follow for you not to be a victim of circumstances.Learn from people,and get more strategies from them.
Also it is good to know that losses can still come sometimes. The analyses might be accurate but the market might still go the opposite direction. Trade with the amount of money that you can afford to lose.
I'd say these patterns and signs is a bullshit.Any patterns and signs that have been popular can't be used anymore because the whales and market maker will manipulate the market. When they see a chance to make x pattern, they will make it looks like the x pattern, but then they will do opposite since many newbie traders believe in such pattern.
There's always new patterns and signs that work from time to time, the thing is it just not shared publicly.
Oops, that means trading is not for those that are not well informed with the next action of the whales. This looks very tricky but it cannot be explained and your claims cannot be quantified and approved if there are no facts to back them up. All traders I know make use of patterns and it is how well they get to understand those strategies and become perfect in them that makes them to be profitable on their trades. If we are bringing in the activities on the whale on the market, it’s a big red flag which signifies manipulation of the market and all traders no matter how experienced they they are, if they don’t play along with the whales when they want to influence the market, they will lose out from it for real. This is not good though, but you can’t control some certain things in the market.
Also it is good to know that losses can still come sometimes. The analyses might be accurate but the market might still go the opposite direction. Trade with the amount of money that you can afford to lose.
I'd say these patterns and signs is a bullshit.Any patterns and signs that have been popular can't be used anymore because the whales and market maker will manipulate the market. When they see a chance to make x pattern, they will make it looks like the x pattern, but then they will do opposite since many newbie traders believe in such pattern.
There's always new patterns and signs that work from time to time, the thing is it just not shared publicly.
But indeed if big money, or smart money is present, it will definitely be manipulated, forming patterns that we have never even found, even if you look at the bitcoin chart today, historically the formation of ATH is not the same as the current cycle rather than previous cycles, it is the intervention of big money entering the market with very large capital.
I have traded on multiple different markets and tried out numerous strategies but at the end of the day nothing helped me like long term holding. This is the reason why no trader is able to find a position on the list of world top richest people. I am really sorry for being against trading and its strategies here because I found that developing strategies and following them strictly on active trading with perfect discipline are big head ache and the final results also not will be on our favour or may achieve only 5-10% of what we target. Why we need to take all these hassles and end up with empty hands? Just adapt what would be easier and profitable.
Long term holding might seem like toughest task for most people here, but we need to understand that nothing is possible instant anywhere hence money making as well. Be an investor and give your money time which will slowly start working for you; this must be the 101% working strategy and it is not limited to bitcoin market alone.
Long term holding might seem like toughest task for most people here, but we need to understand that nothing is possible instant anywhere hence money making as well. Be an investor and give your money time which will slowly start working for you; this must be the 101% working strategy and it is not limited to bitcoin market alone.
Also it is good to know that losses can still come sometimes. The analyses might be accurate but the market might still go the opposite direction. Trade with the amount of money that you can afford to lose.
I'd say these patterns and signs is a bullshit.Any patterns and signs that have been popular can't be used anymore because the whales and market maker will manipulate the market. When they see a chance to make x pattern, they will make it looks like the x pattern, but then they will do opposite since many newbie traders believe in such pattern.
There's always new patterns and signs that work from time to time, the thing is it just not shared publicly.
I am not an expert in trading and I only can share some resources for trading enthusiasts to learn and serve their trading 'works'.
Awesome Crypto Trading
Awesome Systematic Trading
Bitcoin Support and Resistance for dummies
[GUIDE] Fibonacci Retracement
[GUIDE] Elliott Wave
Learning technical indicators is good but you must learn to use some weapons (trading order types) to defend your capital in the volatile market.
Stop loss order is one of best weapons in trading
If you can not save your trading capital, all things you learn from technical indicators, analyses mean nothing.
Awesome Crypto Trading
Awesome Systematic Trading
Bitcoin Support and Resistance for dummies
[GUIDE] Fibonacci Retracement
[GUIDE] Elliott Wave
Learning technical indicators is good but you must learn to use some weapons (trading order types) to defend your capital in the volatile market.
Stop loss order is one of best weapons in trading
If you can not save your trading capital, all things you learn from technical indicators, analyses mean nothing.
What makes most traders lose is that they are confused about which trading tool is more efficient.
I know chart analysis is quite useful but somewhat to say that not all traders are able to comprehend the situation which in the end, they just rely on luck. And despite having trading tools, still never guarantee sure profit and if ever we lose it simply means that we are not good enough. Trading is not of having knowledge about the market but literally, it is a skill. A skill that knows how to understand the market movement and has good decision-making which we know that not all have this. Even though we have been trading for several years, if we are lack of skill still impossible to make money from here.
I know chart analysis is quite useful but somewhat to say that not all traders are able to comprehend the situation which in the end, they just rely on luck. And despite having trading tools, still never guarantee sure profit and if ever we lose it simply means that we are not good enough. Trading is not of having knowledge about the market but literally, it is a skill. A skill that knows how to understand the market movement and has good decision-making which we know that not all have this. Even though we have been trading for several years, if we are lack of skill still impossible to make money from here.
I think that the OP's illustration regarding the tool indicators that he showed is correct, and he may not even be accurate in the actual trade itself because the market is unpredictable, but I can still say that it will still help as guidelines for more people like me who have gone deeper into trading here in the crypto business we are in.
I just now saw clearly that this is how the correct Fibonacci format should be when the direction of the market of a coin that we trade is in an uptrend, for example.
I just now saw clearly that this is how the correct Fibonacci format should be when the direction of the market of a coin that we trade is in an uptrend, for example.
Is there any exchange that has Fibonacci Retracement as part of their indicators? I have not seen it on any crypto exchange that I have used before.
Also know that strategies are more than this.
Also it is good to know that losses can still come sometimes. The analyses might be accurate but the market might still go the opposite direction. Trade with the amount of money that you can afford to lose.
Also know that strategies are more than this.
Also it is good to know that losses can still come sometimes. The analyses might be accurate but the market might still go the opposite direction. Trade with the amount of money that you can afford to lose.
1. Fibonacci Retracement to use this we need to identify first the Swing low and Swing High, just drag the tool from swing low and swing high.
and wait for the pulls back and once it touches the 0.382 at the Fibonacci it will bounce and that's the right time to set a buy entry.
2. Breakout Pattern
Different types of Break out:
3. Reversal Pattern
4. Elliot Wave
For exampale:
5. Candlestick Pattern
and wait for the pulls back and once it touches the 0.382 at the Fibonacci it will bounce and that's the right time to set a buy entry.
2. Breakout Pattern
Different types of Break out:
3. Reversal Pattern
4. Elliot Wave
For exampale:
5. Candlestick Pattern
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