Topic: Technical aspect in trading - page 2. (Read 614 times)

Bad psychology is a problem for every trader. both professional traders and novice traders, all will surely be disturbed by psychology that cannot be controlled. Sometimes there is panic when prices continue to fall and FOMO occurs when prices continue to rise.
Trading hours are also a determinant of trading psychology can be relied on or not. TA only affects when you want to enter and when you have to leave, the rest depends on each person's psychology. make a trading strategy and run according to the existing strategy, it will be better.

most exchange that offers demo trading accounts helps their customers on how to trade, well the fact that trading is a skillful venture and at that requires some form of technical aspests. But again some trading analysis doesn't perform accordingly or does not give guaranteed results.

The list is so long, But don't worry. Try to read one by one, try to understand which one is needed for you. Trust me, All of the sources will help you a lot to become a good trader. I follow a man named Emperor, He is the owner of this pdf file

Index of Trading Tutorials (2021)

BITCOIN TRADING MANUAL: https://bit.ly/39iKQ2U

Before you start:

A thread for beginners https://bit.ly/3czFrFO

How to build a trading system https://bit.ly/39fZQib

Principles of Survival https://bit.ly/3Am3Zgg

Trading Routine https://bit.ly/3EuxOOf

How I made money with Crypto https://bit.ly/39kuwP8

Introduction to TA:

TA Basics https://bit.ly/30I0iSB

Bitcoin Trading Master Class Part 1 https://bit.ly/2OFcJvi -

Bitcoin Trading Master Class Part 2 - Candlesticks https://bit.ly/30TKefT

Price Market Psychology https://bit.ly/2QAcQWp


Threads and Charts:

Altcoin Entries (How to Find them) https://bit.ly/3tO07SU

Altcoin Breakout https://bit.ly/2DacbrN

Avoid Breakout Trading https://bit.ly/3krQbLX

Bearish Divergence https://bit.ly/33WCmgH

Bearish Divergence Cheat Sheet https://bit.ly/39jrE5i

Bullish Divergence https://bit.ly/3fGhpsl

Bullish Divergence Cheat Sheet https://bit.ly/3nKvcpn

Being Profitable https://bit.ly/3eOb5Ch

Demand Supply Trade setup https://bit.ly/2XG7Bs

EMA strategy https://bit.ly/3eQqmCv

EMA, Supply, Swings, Position Addition https://bit.ly/30KCNIW

Head and shoulders https://bit.ly/30IvAsN

Heat Maps https://bit.ly/2Za8A7H

How to Avoid Fake Break-outs and

Traps https://bit.ly/3klkio3

How Pump and Dump Works https://bit.ly/3ks5fa9

How to Trade a Range https://bit.ly/3kjGPBv

Multiple Confirmation Short https://bit.ly/39xaUaV

Open Interest https://bit.ly/3cLUyMN

Position addition on swings https://bit.ly/33FXV4V

Price Action Range Break Out https://bit.ly/3khL8xo

Principles of Price Action https://bit.ly/3u4o4pj

Price Volume Confirmation https://bit.ly/3EvqqSM

Quick look at Indicator confirmations https://bit.ly/2PB9VfE

Retracement VS Reversal https://bit.ly/3tQKdqQ

Risk Management 1 https://bit.ly/2WjqQqk

Risk Management 2 https://bit.ly/2Knjj7k

Scalping Tips https://bit.ly/2Xvvmqg

Support and Resistance https://bit.ly/3ipzvAx

Trading Methods https://bit.ly/3f23CQr

Trend Reversal Short Set up https://bit.ly/3hKuW68

Volume Part 1 https://bit.ly/31ANltb

Volume Cheat Sheet https://bit.ly/3kiIk2W

Volume Exit https://bit.ly/3And2O9


PDFs:

Bitcoin Price Report (Sept 2021) https://bit.ly/2XuDGGJ

Capital Preservation https://bit.ly/3hLmunc

Stop Loss https://bit.ly/3kl6OIO

Price Action: Price Psychology and Market Formation https://bit.ly/3kluY6f

MISC

TRADINGVIEW INDICATOR: https://bit.ly/3EveP61

How to use the Altcoin Trading Indicator: https://bit.ly/3klb0bw

Pre-requisites to trading- https://bit.ly/3a9tCEX

Recommended Books: https://bit.ly/3kuou2W

My Best 10 trading Lessons- https://bit.ly/31AQcT4

Scalp Short Sample- https://bit.ly/33FeH46

Long Swing Sample- https://bit.ly/31DqgGo

Day Trading Strategy - https://bit.ly/3mlUbg

Fibs- https://twitter.com/CryptoMellany/status/1382645388939821058

Good points, however I will add to learn from the mistakes of others to the list, many people try to learn form their mistakes, and that is fine, but it is even better to learn from the mistakes of others, that way you save yourself the trouble of having to overcome that mistake plus the more mistakes you avoid the closer you will get to become a profitable trader, now this is not easy but it can be done, and if you happen to avoid most major mistakes that newbies make then your profits will be way higher as your capital will not suffer as much as it could if you tried to learn only from your own mistakes.

That must be e the right thing that you need to do you if you really care about your success in live crypto market.
The technical part of crypto trading could be easily learned when we are continuously practicing in demo accounts. Unfortunately beginners are not giving priority for demo trading which is the reason they are suffering until they are gathering enough experience about how to trade on crypto market with least losses. Technical knowledge about crypto trading will be easier when we are practicing in demo account.

I don't believe in any technicalities in trading as trading is based on skills and the right trading analysis, when you talk of technicality then you will be looking for features that are not available in trading so just develop trading skills and trade with your developed skills.

True, technical only reduces the risk of lose. Some times the technical has quite good accuracy in helping enter or exit a trade. But remember the technical will be lost by the owners of large funds. They are able to change the market trendline with their funds. To avoid losses, of course you have been helped with the Stop lose feature. You can use that feature, of course you have to be disciplined to always use it. Other that you can choose a trading site that has that feature.

I agree that technical analysis is not always accurate enough but it will provide us enough overlook/idea which is more important because practically no method could predict exact turning point of any market. Still, people are managing to make consistent profits from crypto trading out of their experience. It means you still need technical analysis but with help of your experience, you could make your technical analysis more effective for profit making and for skipping losing trades.

Your statement must be true only in the beginning days and when you are becoming master in technical analysis then trading no more will remain too difficult one; you can easily make profit with the help of technical analysis and then you will find it as your day-to-day routine.

It's essential to know which ones will prompt achievement. A triumphant broker will actually want to change a losing procedure rapidly and stay with one that is working for a lengthy timeframe. Trade signals help monetary sponsor with finishing up whether to buy sell or hold a security or money related instrument Specialized pointers are generally used with charts.

In fact, spot trading is easier to implement than other types of trading. Emotional control is more important than TA in spot trading, because there are no liquidation points and flexible trading timeframes. TA is not completely accurate, but traders won't really lose as long as they haven't cut losses. Bad psychology will encourage traders to always sell low, even more so if the coin has high volatility.

Most of the time, the trader who start small and established good system are the one who really succeed from

this kind of business, there are many failures at the beginning, but with better adjustments and eagerness to succeed, they
managed to find the right patterns.

Not an easy task but it's doable, no rush but instead right timing.

TA is not there to make sure that you make a profit 100% of the time, it is there to tell you what it "should" do and that's how you trade based on it. Obviously without TA you have no sense of what it "should" do, doesn't mean you could not profit, I am sure there were times when people didn't do TA and made a profit and people did TA and lost money as well.

The real difference is that when you do TA before you trade, that means you have a chance to actually get it right on what it should do when it ends up doing it. Basically, TA is like a compass, it shows you the direction but it doesn't tell you what you will face while going that direction, you may have to go through a desert to reach your destination or you may walk 100 meters and reach it very easily, nobody really knows. Which is why it is quite important to know TA is not guaranteed profit method, but better than nothing.

The best trading tool would be enough knowledge and trading skills. Trading is a long process of learning and to be pro in it, it will take a lot of practice that will also result in losses in the beginning. You could do more actual trading practice by just using a small number of funds. Don't rush things out and learn how to handle your emotions as well.

Yeah, this is the reason why successful traders from other markets are not able to survive against high volatile nature of crypto market. To handle high volatile nature of a market we must need proper risk management and only technical analysis may end up wiping out all capital more quicker than we could assume about.

Good technical will show you the trend change level which must be your stop clock level for exiting. The risk management will show how much leverage you may opt with respect to your stoploss level so that liquidation may not happen (for spot trading, the lot size).

You need to be patient, slowly learn about the basic fundamentals of trading, try it using smaller amount of money, when you find it profitable, increase the amount of money you put in trade and never be greedy. You have to keep your composure always, don't get easily frustrated just because you lose a lot, take a break and cool your head because you need it to polish every trade you're gonna do next.

That is very important aspect of trading. If you don't know how to control your risk you will keep losing hugely despite your technical ability. For example market gets volatile without information and having a good money management is the only thing that can safe the account from being swallowed, technical can only show the process of entering for profit but not protection of account.

If you ask me, I would say that risk management must be more important for trading compared to technical analysis. You could buy signals to skip your technical part but you cannot bypass the requirement of risk management while trading.

Technical analysis will help you to spot out the exact entry/exit price levels whereas risk management will ensure your sustainability along with your capital amount. Risk management covers lots of aspects of trading which include emotional things as well hence ignoring risk management may not result in preferred out come from trading.

With that loss, for sure you already learn something that will help you to be a good trader. Learn from your mistakes.
First, identify your mistakes, like where did you go wrong? Your entry? stop-loss?
How to avoid those mistakes, learning such technical analysis to help you not to do the same mistakes.

And the most important is risk management, do you have one? Because most of the failed traders, don't have. This is the most important, you should always have one to preserve your capital.

Before starting crypto trading you should learn about technical analysis but now you need to learn before more invest in trading, there are a few points you need to remember spot level and resistance level you should learn and RSI and MACd also, these are basics to technical knowledge you should follow these signals and also learn more about technical knowledge.

Technical analysis doesnt really give out guarantees that it could give out precise predictions on where you could really take profit but somehow technical aspects is a great help on at least knowing on what you should gonna do basing with those indicators even though its not really that precise or 100% reliable but at least you do make out some analysis.

Unlike if you are just making out trading decisions without any basis then you are just simply doing gambling and its not a must thing to be done when you are
making trading.

Learn up things as much as you can because this would really be helpful in your future trades to come.