Topic: The best decision you can take - page 4. (Read 1063 times)

There's always that time on which we can say that trading on the market is not that recommendable just because you cant really make yourself on having some position and it is really just that right that you should really know on when to stop and have some break and on when you should trade up.This is one of the recommended kind of behavior of a trader on which you should really be that versatile when it comes
to these kind of situations on which you should really know on when to trade and when its not. What we do really want on here is on how to sustain ourselves yet this isnt a race in the first place.
This is for endurance and survival for those who do tend to trade and this is why making yourself hurry would really be a bad idea.

Decisions be made would really be that needing to be that sensible and something that would be versatile because if you wont really be doing such thing then you would really be that prone into lots of errors and mistakes.
Sustain and endure on whatever stress and anxiety that you would be able to encounter up specially this market isnt something that could be easily be predicted.
You wouldn't know on when it would pump and when it would dropped.

Yup.

In all of the trades that we do, we need to set it. But if you're comfortable that you're not needing it, that's you and probably you're one of the best traders in the world. Because with what I know, even the greatest, they have their stop loss.

With the volatility of cryptocurrencies have and a trader that's aware of it, you can't time the market and it's always been unpredictable that's why you will need to have it as a help to your trades.

And we're all negligible with all the actions we do and this is our money as well, so like what I've been hearing before that if we take care of it while we trade, it will also take care of us.

If you have a basic rule and you don't stand by it, you will not only be hurting your trading funds, you are becoming a bad trader who doesn't care about the future of his business. Trading is like a business and you have to treat it as such because if you have a business running and you are aware that if you open the shop in the in night, you may sell but it can invite hoodlums to it and take away your items and yet you still went ahead to do that, it means you don't value your business. Trading is a pure business.


As easy as it sound "staying off the market" is really hard for some people but I think it what you need to consider first is the type of trader you are as a person. If you are a trader that loves trading daily, then there is no any way you will stay off the market a day, you lose the opportunity making money for that day but as a on and off trader that only trade when there is opportunity, then you need to always do due diligence if it is okay to enter the market or not.

However, bitcoin market is tricky, the days you don't want to trade are the days you might miss out the goodies t the market. As much as I like trading, the only way to win from this market is to always hold some coins so as not to always miss opportunity of pumps more particularly as we are about to enter bull run, coins will be flying everywhere very soon and even as a trader, it's better not to miss the chance.

Sometimes there are times when we have to stop our trading and take a short vacation when market conditions become uncertain. Even as a day trader I also have time that I dedicate to vacation. That is, like on Sundays when market movements become more difficult to analyze. And there are times when we have to refresh our minds. But there are several types of traders who trade when they can see confirmation or when the Chart Pattern has clearly formed. And they prefer to wait for confirmation to form. I also sometimes do this on types of coins that don't have any events. But for altcoins that do have events, here we have to use fundamental and sentimental analysis. Because when there is an event that has the potential to create hype in the market, sometimes technical analysis will not even pass in a market situation like that. For example, what happened to Avax after they had a large partner which made Avax continue its upward trend and continue to penetrate every resistance area.

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.

Don't do a trade if you don't know about this, that is a pretty simple and wise choice.

 - we don't need to experience it just to know if trading is hard or easy
 - we don't have to lose money just to realize that we are not ready for trading

Instead, we should not underestimate the market, do research and know how trading works first before doing it. In general, we have to acquire enough knowledge for this field, or else, we make ourselves a fool.

If one ventures into trading, then there are certain things that must be well known and known about them beforehand. There are many rules and regulations in trading which are essential to know and without knowing them you will never be able to make profit but in most cases you will face loss. Of course understanding the market first is most important because if you don't know the market well then you can never start trading and if you don't start trading you can't make profit. So it is essential to know about the market beforehand because the market is always on the upswing so you need to know about this from where you can buy and profit. However you always need to know the market first then follow different strategies and gradually learn about different market analysis. Although most people are currently doing bot trading and copy trading, I think these trades are mainly for beginners. But newbies can definitely make good trades and businesses by themselves if they slowly put their plans into action and take care of the knowledge well. To trade one must have good planning and long term planning.

Sometimes people never exit the trading market because they are regularly growing their profit but I think that even after regular avail you have to leave trading market for some time as a exposure to risk is there all the time in the Crypto market. Trading is not feasible as the people assume because experience traders are also distressed of making decision according to the market situations as market is unpredictable and not trusted.

There are also more ways of earning money through Crypto trading is not only the way therefore try to not put your money at risk and join some other ways like that of Signature campaign and bounty campaign so you can get extra amount of income on weekly or monthly basis. There is no other more risky way of earning in crypto than that of trading and investment in new or useless coins.

Visualise the market condition whole month but be a part of trading in just one or two days in a whole week because the more you trade more your money will be put on line for loss. The better thing besides trading is investment in Bitcoin which will minimise the risk associated with your money and will also reduce your emotional behaviour regarding your money loss.

Staying off in the market for some time does not mean that you are being fearful to take the risk most especially when the market is at its high uncertainty. This is a sign that you're mature enough to understand when to trade in profits, and when to take a break from trading because the market is not sufficient to trade. Having that mindset will not put you into losses, but will definitely save you from future losses that you might encounter if you keep trading despite of the market's negative condition.

While staying off in the market is a good decision, others see it as missing a single opportunity to be profitable in trading. Trading consistently does not guarantee secured profits, but it will only push into inevitable losses if you are not wise enough to deal with the market issues.

The best decision you can take is just hold and sell when you learn the market has reached its peak. There is more risk if you go for leverage trading and it could even liquidate all your funds when you try going there without the real chart knowledge. Its a clown world when you see yourself chasing the wins when you could win even when jsut holding.

They will learn the lesson there if they don't use stop loss.

It doesn't matter whether you trade in the futures or the spot but doing every trade with a stop loss is a discipline that you have built over the period of time.

And with such, you're going to bring that whenever you do some other trades be it in the crypto market or with any other market that usually allows these features to be.

That's the thing with some people, they think trading is too easy or too hard. Pick up any musical instrument that you have never played before, and try to learn it and that's how easy or hard it is.

Changes from person to person and background to background, some guy who traded stocks may have easier time here, or forex as well, just like some guy who played another instrument before that one, or some person who has absolutely no talent in music may have harder time, but will be able to as long as he keeps trying and put in the work, just like trading because some people may never be that good at the start compared to some, but could become better if they keep working hard.

Some people may not have any time at all, give just 1-2 hours per week to it, very little, but if they do it for 30 years, they will be a mastermind of it, trading or instrument doesn't matter. So we just need to figure out what we are good at and just keep at it and work hard for it.

I do not believe much that trading is solely based on certainty before a trader may enter the market; rather, trading is based on hope based on solid knowledge that something will likely occur. Since there is no such thing as trading assurance, even individuals with extensive trading understanding occasionally experience financial loss. Trading is all about probability; whether something will occur as someone expects it to or not. However, some traders may have a lot of hope for their trades because of certain circumstances.


Trading can be okay if you know a lot about it. If you have good knowledge, you can be making good profit  from trading even though it involves serious risks. But if you don't know much about trading, it's better to invest for a long time and wait for the right time to make that good profits. This way, you can still get good profits without having to worry too much about the ups and downs of trading.

Hey Octradism,

Absolutely agree with you on the unpredictability of trading – it's a wild ride for sure. The market's like a rollercoaster, and those black swan events can really throw a curveball, especially when you least expect it.

Your point about overconfident traders skipping stop loss orders hits the nail on the head. No one's invincible, right?

Speaking of unpredictability, have you tried channeling some of that thrill into something a bit different? I recently stumbled upon this new slot haven called "New Slot Klosh" – it's got quite the buzz. Might be a refreshing break from the trading rollercoaster. What do you reckon?

Stay savvy in the market and maybe throw in a spin or two for good measure! 🎰📈

Cheers.

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.

If you can be able to follow the rules in the crypto trading, it will be difficult for you to experience losses in your trading, because you don't need to trade when the price is low in the market which is a sign of failure waiting for you in the market. If you want to maintain consistent income in your crypto trading, ensure you always trade your coins when there is a heavy bullish in the market which is the best decision that can bring you an income that will help you to make more income in the future. If you want to make profits anytime you trade in the market is your choice, and if you want to experience losses in your trading is your choice because there is no way you will hold your coins for the bullish season to come, and you will not achieve a passive income from your trading.

I think you have quite a long experience in trading. And it's written in how you share trading-related insights. And I agree with what you said in this matter. Because we can't always enter the market. There are situations where the market becomes more volatile than usual. like when there are global economic events and the like. So we often hear the term "Wait and See". I was familiar with this term when I studied the stock market. And now I also often use it in the crypto market. Because there are times when we have to wait patiently and only pay attention to the market first. And try to restrain yourself from getting involved in trading first. And it's better to wait for the market to become friendlier than to lose. But I'm not a day trader so I'm used to waiting for the market to really suit me to enter. Because I might only have time when my work is done. Like on the weekend or something. So I got used to waiting patiently. But for daily traders, it turns out that some of them even like volatility in the market when there are economic events or something like that. Because they may be used to scalper traders.

Trading requires we are as objective as possible, and emotions can cloud our judgment, it is because of this it is often mentioned that we need to leave our emotions behind when we trade.

And if this is not the case we could get away with it as long as everything is going our way, but as soon as the market does something we do not expect that is when we could make a mistake, since instead of looking at the market for what it is, we could look at it as we think it should be, and take a decision based on our wishes or feelings instead of the hard facts, and this is not really the way to make profits in any market.

That's correct, and I have been bitten when getting trades I was unsure of.

Few days ago wanted to dive into brc20 tokens, but I didn't because I don't understand them at all. Early this year, I minted inscription called honey badgers, and I lost them in transaction fees, lol. I paid 30$ of those and atm they are worth $400 but I lost it because I didn't know how they work.

Also, same advise have been given trading veterans in past, and may be one of reason Warren Buffet doesn't invest in Bitcoin. Although, I would still call his remarks ignorant.

after all not trading is also part of trading, if we're not sure like for example when a coin has reached certain height we don't sure it could even climb up further, we just can wait until the coin go down again, I mean regardless whether the coin keeps on continuing to climb, then we can just find another coin, i always have strong sense of avoiding coin that already pumping because they mostly just gonna be waiting for a chance to be dumping and make exit liquidity for the group that pumps the coin, or anyone that hold the coin before the pump.
such tendency could easily save me from being fomo'd like anyone else therefore cause my money to be left intact not losing.
I've seen plenty scenario where so many people are buying at peak because they afraid of missing train in my opinion thats dumbest decision ever.