That is one of the market policies. You don't have to enter the market and start trading because you loss a lot nof money for the unprepared trading. And I have said this before there are two things you have to do before entering the trading market. Either you have an instructor who is guiding you when to enter the market or you are a professional trader that you know when to enter market. And two basic elements of trading are the stop lose and gain profit. If you know these two things then you are good to trade.
There are so many decisions we can take to make sure that we don't become a fool in trading. Making people still makes the same mistake over and over again without checking out how to avoid them. The market is very risky and we must try every approach to make sure that we don't keep losing in the market as traders. We need to define our problems so that we can look for a better approach to solve then. The better we take drastic decisions to eliminate the problem, the better we are going to be. 
Topic: The best decision you can take - page 3. (Read 1052 times)
As long as trading is concern, it's very essential you have a guideline rules you follow while trading, and one of those rules is not trading when not sure of the market.
As simple as it may sound, it's very difficult to abide by it.
There is no sure in trading, because what traders do is to analyze as best as possible what will happen in the market so that they know the decisions to be taken and all possibilities can happen whether it ends up being in accordance with the analysis or vice versa because what traders can do is only analyze, not influence the market according to what what is believed, so if traders only take actions based on whether they are sure or not sure then they will not move in trading because no matter how confident they are the market can still move in the opposite direction from what traders believe.As simple as it may sound, it's very difficult to abide by it.
That is the time for us to come back trading. I know we can still lose but at least we can eliminate the regrets this way. Given that there is no assurance in trading, we are like a fool then for doing analysis and believing that it actually work? When the truth is it can be our luck that really help us to make a profit. The same thing can go in gambling. Oh well, at least they can spice things up right? Hehe.
Don't make a decision when you don't have to. That's the main principle to avoid risks while trading. I got the clear idea what you are trying to say as I have faced it many times in the past. You see, when you are trading you use many strategy, calculation and analysis of the market. But because of you can't control your emotion you make decision that are not meant to be made. Just stick to the strategy and follow it till the end. Don't make any decisions based on your assumptions.
And when the market is moving crazy or not moving at all and the future outcome to be either negative or positive. In short, when you don't know the future of the market, it is better to just stay out of it. Opportunities will come again eventually. Just wait for it to happen.
And when the market is moving crazy or not moving at all and the future outcome to be either negative or positive. In short, when you don't know the future of the market, it is better to just stay out of it. Opportunities will come again eventually. Just wait for it to happen.
As long as trading is concern, it's very essential you have a guideline rules you follow while trading, and one of those rules is not trading when not sure of the market.
As simple as it may sound, it's very difficult to abide by it.
A good and Skill trader must know that in other to stay long and profitable in the market,
it very important we know when to stay off the market,
there are always opportunities in the market,
so why risk your capital
when you are not sure
of your analysis or the market is in an awkward situation like consolidation from the 4hrs timeframe? When there is no clear direction and confirmation of the next move the market is trying to take.
The best we can do is to stay off, the most important thing is for us to be profitable, even if we have to trade once in a week , it's better than losing, it's better that our account is intact than blowing it.
Staying off is the best we can do, when not sure.
As simple as it may sound, it's very difficult to abide by it.
A good and Skill trader must know that in other to stay long and profitable in the market,
it very important we know when to stay off the market,
there are always opportunities in the market,
so why risk your capital
when you are not sure
of your analysis or the market is in an awkward situation like consolidation from the 4hrs timeframe? When there is no clear direction and confirmation of the next move the market is trying to take.
The best we can do is to stay off, the most important thing is for us to be profitable, even if we have to trade once in a week , it's better than losing, it's better that our account is intact than blowing it.
Staying off is the best we can do, when not sure.
This is what I have mentioned several times in some of my posts not to do trading when you feel insecure, this is if you value every single cents of capital that you will use in crypto assets regardless of it.
Now, if you or we know that you already know how to get a profit in trading, there is no reason for us to feel uneasy about the trading we will do because we know what to do inside the trading platform to get of profit. And that will happen through tool indicators.
Trading is all about risk, therefore it is always unsure and unpredictable.
That's why we use technical analysis, or fundamentals in trading, whatever suites us best, we use it to predict the market, because again, we're unsure about it so we predict it over and over again to see if we're right or wrong about it. Staying off in trading is when our minds are clouded with mixed decisions, it is also being unsure what to do so you're right at some point.
We need to know how to take risk as a trader, if not we could keep jumping from one platform to the other, jumping from one coin to the other. We can make money if we learn the trade very well especially from people that are guru in trading. That's why we use technical analysis, or fundamentals in trading, whatever suites us best, we use it to predict the market, because again, we're unsure about it so we predict it over and over again to see if we're right or wrong about it. Staying off in trading is when our minds are clouded with mixed decisions, it is also being unsure what to do so you're right at some point.
Tye best decision we can take and make for ourselves is to learn how to trade from people that have results and are ready to teach us how to trade. After learning them we can start making money from the market by utilizing the skill we have learnt.
When we are deciding something, of course we should not be in an emotional state because this will have a bad impact on the decision we will make and we will regret it because we made the decision not in a good condition. Yes, I agree with what you say, we have to be sure of what we decide, so it is very important that after making a decision, we can be responsible for the decision we have made.
Throughout your post you have mentioned more about decisions. In trading, one does not think so much about the decision, but rather about the market. Emotions do not play a role in trading, so this factor should be removed from the mind while trading. Whatever your decision is, it should be according to the market.
If you think the market is good as per your analysis and estimation, then you can definitely trade. The market may not necessarily go according to your estimation, and judgement, the market may go against our analysis. no one's guess is 100% accurate, so be prepared for other situations. The cryptocurrency market is a volatile market, where the market can go against us at any time.
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Staying off is the best we can do, when not sure.
Well, it is a matter of choice and I agree with that. In fact, there is no reason to choose trading if we know that we can't perform it well and of course, why choose trading if we don't have knowledge and skill about it? Quit trading is not a cowardly action but was a great decision from someone who knows that he is in doubt. Because we can't compare ourselves and even seeing your friend become successful doesn't mean that you can be successful as well. Staying off is the best we can do, when not sure.
Many people commit mistakes by choosing trading which they don't even understand in the first place and much more if they are too lazy to study the market.
I get that it is going to be something that will change a lot in the future, we just need to make sure that we are dealing with something bigger and better. So, if we really want to get richer, we need to not act quickly, take our time, and do better eventually.
Trading is all about risk, therefore it is always unsure and unpredictable.
That's why we use technical analysis, or fundamentals in trading, whatever suites us best, we use it to predict the market, because again, we're unsure about it so we predict it over and over again to see if we're right or wrong about it. Staying off in trading is when our minds are clouded with mixed decisions, it is also being unsure what to do so you're right at some point.
That's why we use technical analysis, or fundamentals in trading, whatever suites us best, we use it to predict the market, because again, we're unsure about it so we predict it over and over again to see if we're right or wrong about it. Staying off in trading is when our minds are clouded with mixed decisions, it is also being unsure what to do so you're right at some point.
It may sound silly, even in spot trading we also need to place a stop loss. This is very helpful if the coin we are trading experiences a sharp decline. This is very possible considering that in crypto sharp increases and decreases of up to hundreds of percent can occur. And many cases occur which cause our balance to be completely drained.
The use of stoploss works everywhere in trading, this is a lifesaver for the balance and assets we have. when the price has touched the bottom price and we set the styoploss at a 10% decrease in the price, it will be better than having to lose more than 10%. that way when we want to come in we will get a cheaper price too.
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Staying off is the best we can do, when not sure.
Well, it is a matter of choice and I agree with that. In fact, there is no reason to choose trading if we know that we can't perform it well and of course, why choose trading if we don't have knowledge and skill about it? Quit trading is not a cowardly action but was a great decision from someone who knows that he is in doubt. Because we can't compare ourselves and even seeing your friend become successful doesn't mean that you can be successful as well. Staying off is the best we can do, when not sure.
Many people commit mistakes by choosing trading which they don't even understand in the first place and much more if they are too lazy to study the market.
It may sound silly, even in spot trading we also need to place a stop loss. This is very helpful if the coin we are trading experiences a sharp decline. This is very possible considering that in crypto sharp increases and decreases of up to hundreds of percent can occur. And many cases occur which cause our balance to be completely drained.
The use of stoploss works everywhere in trading, this is a lifesaver for the balance and assets we have. when the price has touched the bottom price and we set the styoploss at a 10% decrease in the price, it will be better than having to lose more than 10%. that way when we want to come in we will get a cheaper price too.That would protect you, you would be willing to sell at any point , even if it means lower than your stop loss, you would still find the first buyer and get out, that is how the system works, when it's your turn, the first buyer that is there at the ranks will be yours and you would be out. You may have 10% stop loss and sell at 20%, but at least not lose 99% that is the point.
being patient and consistent in taking consistent is my path. it must be in a calm state and with stable emotions. I believe this is very necessary in terms of trading. I won't have much theory in making decisions. If the coin's fundamentals are good, then in the frame that I usually use, it shows a signal, I won't think any longer, it's not a matter of analysis anymore, but you have to be confident in your decision and ready to bear the risks of all of those things. that is the best way in my opinion.
It may sound silly, even in spot trading we also need to place a stop loss. This is very helpful if the coin we are trading experiences a sharp decline. This is very possible considering that in crypto sharp increases and decreases of up to hundreds of percent can occur. And many cases occur which cause our balance to be completely drained.
The use of stoploss works everywhere in trading, this is a lifesaver for the balance and assets we have. when the price has touched the bottom price and we set the styoploss at a 10% decrease in the price, it will be better than having to lose more than 10%. that way when we want to come in we will get a cheaper price too.Sometimes when we play spot it is often overlooked because we tend to think that if the price goes down we can just hold until the price goes up again. Is this wrong?
In long-term investments, if we are too early in making purchases and the potential for a price drop could also occur, does a stop loss also need to be implemented? Sometimes I personally will leave this alone and just keep it without giving a stop loss, because I am guided by long-term investments.
Staying off is the best we can do, when not sure.
Staying off is the best we can do but will the appetite for not being greedy, not quitting until money lost is gotten back, allow us to stay off trading in a day? That's the problem because almost everyone has the zeal to keep on evolving in things that give them money even though they are winning or losing, they keep trying and drawing themselves close to it despite not mastering or figuring out their perfection at how to win always 
Staying off being difficult is because people want to trade and make money, and sometimes they have to wait and see how it will go, and that doesn't really turn into anything marginal, and that causes some concern for people who do not trade for a while. I mean in order to make money, you need to trade, and that means you are going to end up with something that will benefit everyone when you trade, but there are times when you shouldn't trade at all, and that means during those times you are not profiting, this makes people anxious to go back to trading and that makes them lose money when they trade during the time they shouldn't. This is the main root of the problem.
Staying off is the best we can do, when not sure.
Staying off is the best we can do but will the appetite for not being greedy, not quitting until money lost is gotten back, allow us to stay off trading in a day? That's the problem because almost everyone has the zeal to keep on evolving in things that give them money even though they are winning or losing, they keep trying and drawing themselves close to it despite not mastering or figuring out their perfection at how to win always 
It may sound silly, even in spot trading we also need to place a stop loss. This is very helpful if the coin we are trading experiences a sharp decline. This is very possible considering that in crypto sharp increases and decreases of up to hundreds of percent can occur. And many cases occur which cause our balance to be completely drained.
The use of stoploss works everywhere in trading, this is a lifesaver for the balance and assets we have. when the price has touched the bottom price and we set the styoploss at a 10% decrease in the price, it will be better than having to lose more than 10%. that way when we want to come in we will get a cheaper price too. There is no sure in trading, because what traders do is to analyze as best as possible what will happen in the market so that they know the decisions to be taken and all possibilities can happen whether it ends up being in accordance with the analysis or vice versa because what traders can do is only analyze, not influence the market according to what what is believed, so if traders only take actions based on whether they are sure or not sure then they will not move in trading because no matter how confident they are the market can still move in the opposite direction from what traders believe.
The analysis was the essential one in trading,but many traders skip that step.They just check the current market,then they just inverse their money in the random coin.Some coin price may increase to 200% percentage from the base price in the bull run,but inverse the money in such a way of trading at the peak never give the trader the profit.Their will be bear market after the bull run was the market standard,So if they use their money to inverse at peak.At this position trader only loss due to the reverse market.
That is one of the market policies. You don't have to enter the market and start trading because you loss a lot nof money for the unprepared trading. And I have said this before there are two things you have to do before entering the trading market. Either you have an instructor who is guiding you when to enter the market or you are a professional trader that you know when to enter market. And two basic elements of trading are the stop lose and gain profit. If you know these two things then you are good to trade.
The unprepared trading was the blunder made by the trader at their initial trading volume.Because they will have huge money in the trading,the base money he had raised for the trading business.If they loss all their money in the process,then he could not make money from the trading business.
That is one of the market policies. You don't have to enter the market and start trading because you loss a lot nof money for the unprepared trading. And I have said this before there are two things you have to do before entering the trading market. Either you have an instructor who is guiding you when to enter the market or you are a professional trader that you know when to enter market. And two basic elements of trading are the stop lose and gain profit. If you know these two things then you are good to trade.
First of all, I would like to point out that the suggestions made by the OP are very good and useful. In order to trade successfully, as I mentioned before a person must be able to analyze successfully, be experienced, learn from every mistake he/she makes, be patient, manage risk well and trade by controlling his/her psychology correctly. It is important to remember that in order to be successful in trading it is very important to have all of these factors, not just one or a few of them because the slightest mistake can cause a person to lose his/her entire capital. Finally, I would like to add some advice here;
- Stop loss and take profit orders must be used for every transaction,
- If a position makes a profit, the profit should be taken gradually,
- If a position has made a good profit and there is a possibility of earning more, the stop loss order should be brought to the entry price after taking some profit,
- It is very important to conduct a good analysis before opening each transaction and to open a transaction based on the analysis.
- Most importantly, you shouldn't use high leverage,
I hope that these suggestions will be especially useful for new traders.
- Stop loss and take profit orders must be used for every transaction,
- If a position makes a profit, the profit should be taken gradually,
- If a position has made a good profit and there is a possibility of earning more, the stop loss order should be brought to the entry price after taking some profit,
- It is very important to conduct a good analysis before opening each transaction and to open a transaction based on the analysis.
- Most importantly, you shouldn't use high leverage,
I hope that these suggestions will be especially useful for new traders.
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