Topic: The best decision you can take (Read 1047 times)

It always happen to new traders because, they lack potential skills when to trade in the market to remain profitable at the end, when you have the skills before going into crypto trading, you must know when to take profits from the market and when not to trade not to regret after trading which are some of the things every traders must maintain through out their trading.

Never you take such decision to trade when you know there is a bear run in the market, unless you want to trade your coins to experience loses so that other new traders will learn from your mistakes so that they will always focus on bull run to trade to be profitable all the time.

I agree with what you just said. The guidelines are like a map to see where you are sailing to the destination you want to go to. The others ignore it, hear it, or someone just tells them they feel that the poor idea they know is that they already know too much, so the end result is a loss or a loss of their capital investment.

That's what others are blessed with who get wise right away, who know how to listen and learn the basics first, because they thought they could do it with a shortcut. There is no such thing here in the crypto trading industry.

If we are not sure about market conditions, of course we don't have to try to make a trade which will indeed have a risk of losses that we can get from the trade and it would be better for us to postpone making a trade until we are sure of the market conditions and we can analyze it carefully. It's good to be able to trade, in my opinion listening to other people's advice in trading is not the right choice if that person's advice doesn't match the knowledge we have and if the advice that other people give is in line with the knowledge we have then there's no harm in following that advice.

I have made a decision in my life that I have come to think of and that is to not trade outside.  Because if you don't understand the trade outside you are 99 percent Oscar likely because if you don't understand it you are working with other people's signals.  In fact as it is now the line train brings good profit but if you do not understand it will not come if you treat if you can preserve you or your finance.  But one thing came in my life that is when I invested in bitcoin because I got good profit in 2021 by investing in bitcoin.  I am hopeful that if anyone is investing now or if you want to do so in the future, how can you get bitcoins, with the price of bitcoin currently rising a lot.

There is no harm in trying, that is exactly where we/I start. But of course, we don't just think that we are trying but rather think that we can be a good trader.

Well, It is very understandable how volatile is the market which makes us think that trading is not easy. But sometimes we need to forget about it (hard/difficult), we go for a solution and the best thing possible we can do to minimize risk. That is why we need to exert effort in learning and spending time analyzing the market as this is the least possible thing we can do to have a successful trading journey.

There’s no reason to go into Trading when you are not sure of the market I haven’t seen someone doing this for a long time something that you are not sure of you know that the market is not going to be favorable to you and you still go into market that is wrong, so I don’t see anyone doing this Unless you are already on trading, and the market starts to go down in the other side, maybe someone introduced you to go into a new trades that you are not sure of that is a different case so that is no point for  someone going to market when you are not sure

So far, the best decision I can make is to recognize and manage the risks associated with trading. This includes things like setting prevent losses and ensuring that you do not take on too much risk. Knowing how to manage risk additionally contributes to decreasing fear of trading since you will know that you have an arrangement in place to safeguard yourself. Also, I'm educating myself by learning or doing as much research as I can and asking questions to those who have been there before me, which means individuals who have done the best and already understand what's involved.

That's right, doubt is the profit killer and when you are in doubt you should stay away from all of this and just focus on what you could make from periods when you are sure. It's clear that we are going to make some money when we have trust in the market, that would make more sense.

I personally trade only when I think I am going to win, I have the trust in the situation and I trade based on that. Doesn't mean that you will make money each time that happens, of course that may not happen as well, but you need to be careful about it one way or another. I understand that trust could still lose, but doubt will definitely lose and trust would at least have a possibility that you could make some money eventually one way or another.

It is how professional trader adapts to the situation and can still manage and retain their strategies despite the hard situation of the market. They remain calm and easy but for newbies, emotions quickly arise, and then can't think of the right thing to do. Traders must remain plain and focused no matter what happens, and most of all, we don't let our emotions influence our minds. However, we can't hide the fact that losses may happen to us due to the volatile situation of the market but at least, we know how to handle the situation and stay strong.

While it’s a good advice for novice traders, but for professional and skillful traders, trading even when the market is not suitable to trade usually becomes a challenge for them to test on how far they can go with their trading abilities. So instead of backing off from the market, they chose to stay still and challenge theirselves. Of course, since they’re professionals, winning their trades is not that hard but to be clear to everyone, even professional traders cannot guarantee all time profits from trading.

Well, if you can't learn from that small mistake, you are definitely going to end up like that. Another thing is when you trade in full amounts. Trading is a mental game so indeed that we need a certainty or clarity in order for us to trade effectively. Despite doing an analysis, we still can't accurately predict the market but it's important to be sure or confident about your decisions so that you won't or you will only regret less.

If there are doubts that we feel, the best decision that we can make is to not trade until we are ready. The trading markets doesn't sleep, so opportunities are always there but it's still up to us if how we are performing.

Trading is only good if we are good at it, and could be so frustrating if we are not good at it. What makes the difference is how we are inclined to it. Some will not know about trading at all or much but would want to make the best out of it which I see as not possible. That is why te first thing to do by any newbie in trading or the traders facing challenges is to learn, and this takes time. It requires much training and persistence of the trader, and this could even take years. And just like you said, good demo training is very important, this is not always available in crypto exchanges for bad reasons, but still, we should find a way to use it as it is the best in making sure that we learn any strategy possible, build our trading system and plans, and afterwards move to a live trading account.

Even if you are having issues later, you might still abandon the live account and move back to the demo to train better. Or at times when you want to just practice a new strategy, you can use the demo as it is virtual and you will lose nothing training with it. But one must be sure to train their psychology in trading too, this is what the demo account is lacking to teach you as it is such that is technically risk-free, which is why we should find a way to be serious with it and also train in that regard. And if the experience is fully gained, no one will tell you, you will know through your trading handling, but if you are still lacking, just move straight back to the training as this is important before more money is lost easily.

Trading is not easy. Moreover, not everyone can be successful in trading if he has no experience in trading. This is why newbies need to acquire a lot of knowledge about trading so that when they start trading any coin, they never lose from that trading. In the initial stage when newbies learn about trading they need to practice that trade learning over and over again and apply it accordingly then they can learn trading quickly. Anyone who wants to get profit from investment should continue it for a long time otherwise it is wrong to expect good profit from business or investment

Trading is one thing where a small mistake can cost you all your money. If you trade without certainty in that place, you are most likely to lose your money. We should always be sure and then trade. Opportunities will definitely come in the market, it is not that the market will never come and we have to trade with uncertainty. There will definitely be an opportunity in the market, either now or later. But we always have to be sure and then trade.

Using a demo account is indeed one way to train ourselves in trading because we don't understand anything about trading, of course we have to try it first with a demo account, after that we will be able to understand well how to analyze the market and trading strategies that we can use when trading on a real account, when trying to trade on a real account of course we have to be very careful so that we don't do it greedily so it is very easy to experience losses in trading.

Although the decision is completely on one's own, in some cases someone else has to be followed in particular.  For example, suppose you have a certain amount of money to invest.  If you invest in a token using the DCA method for a long time and stay away from the market for a long time, I definitely think you will get a good return.  You need to invest for a long period of time to earn profit from trading.  Investing in a short period of time becomes risky.  Moreover, after investing, if your thinking is on trading, it will harm you both physically and mentally.  So I would say invest and move for long term.

Yes, demo trade is the best way to practice trading for the beginner. because when you learning strategies and technical analysis about trading then if you can try with demo account i am sure you feel more confident to start trading in real account. Newbie always confused to start trading with real account then they loss money very quickly.

Yup, the volatility of the market is what excited me too when I started trading crypto. For someone who is doing stock trading previously, the crypto market is very exciting. Volatility can be your friend only when you are strong in TA otherwise its excitement will trash you down.

I think everyone is greedy but some are sensible while others are emotional. When you are within your pre-determined plans which includes strict stop-loss, I believe that you will be always safer.

That's what I mean right there. Holding for too long is a clear example of your emotions getting into trading and it will more often lead to losses. I bought Luna when it was $50 and watched it go all the way to about $200. Then came the infamous fiasco where we know it turned into dust but I never sell when the price dropped to $100 or even 50 because of my emotions not letting me sell it.

That will be a good decision if you are new to trading or basically a newbie. But a skilled trader is the one who analyses all the possibilities and trade in whatever the condition of the market is. Yes as you trade more, you will gain more experience and hence you will be more confident. For this reason, I always advise people to trade with demo account in order to get acquainted with the market conditions. Once you feel confident and learn various strategies on various situations, trade in the real market and make profit.

The point that should not be forgotten in my opinion is risk management, yes we must stop when we have touched the limit of the loss we set at the beginning, and then profit management, we must also stop immediately when we have reached the profit we set at the beginning. We must not be dissolved in greed, I cannot deny that when experiencing profits in the mind there is always an urge to continue trading and that is where disaster will actually come to us, because it can be said that at that time we are being controlled by greed which encourages us to get even greater profits. This is actually more difficult to control, because we think we have made a profit and sometimes think "there is nothing wrong with being able to get even more profit".