The best decision you can take - page 5.

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Quote from: goaldigger on December 17, 2023, 04:42:01 PM

Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

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.

Timing is very important in trading and yes, its not always about you do trading but its more about the timing in the market. If you are doing this on purpose and with strategy, you don’t have to worry about the market trend. You have to be more cautious every time you trade, make sure to have your strategy always so you can know if its your buying time now or you still need to wait for other confirmations and that’s how indicators can guide us.

True! Even in a market where you are not sure or don't have a clear direction or analysis, many traders still choose to risk trading as they are aiming for a profit, which is what the OP is saying to avoid, but in reality, many traders don't want to apply this discipline as they are letting their greed take over, which will cost them.

But there are also traders that could find an opportunity in this kind of situation; they are called scalpers. Yes, scalpers aim to make a profit with a limited or short time frame, usually a minute or hour only. Even if there is no clear direction in the market, they will take advantage of the volatility of the market and aim for slight movements with a slight profit. Yes, they can't gain a huge amount as the time frame is short, but that is their strategy as long as they earn it. It's okay for them. But the thing is, this is very risky, as one wrong position would blow your account depending on the leverage at stake.

lombok

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Quote from: Stable090 on December 18, 2023, 02:41:11 PM

always make sure you do your analysis before entering a trade,

what I mean is related to this. When we carry out an analysis and we are confident in the analysis we have made, this is the initial capital for us to open a position or trade.

Quote from: Stable090 on December 18, 2023, 02:41:11 PM

I know it’s better to invest than trade, if you are scared of losing your money, then it’s better you just go for investment, but for anyone who’s interested in trading, I don’t discourage them from trading. Just that when trading, there will be profit and also loss, but if you notice your loss is always more than your profit, then something is wrong, you have to check your strategy and make amendments. And any newbie trying to trade, just know that when you are learning how to trade, you might end up losing more money, so newbies learning to trade should be prepared for that.

The best part of trading is, we are required to continue learning and developing to understand the market. That's what I caught during my time as a trader. When we don't carry out analysis, search for data, learn something new regarding analysis and market observations from other perspectives, improvise from previous trading styles then we will not develop and tend to experience continuous losses.

Quote from: jossiel on December 18, 2023, 03:59:04 PM

You don't have to have that exceeding emotions when you trade because that's definitely going to affect you when you.

There's no need for you to take it along with your trades. Set aside the emotions and deal with what's going to be your trades emotionless so that, you can do every action that's needed to be made.

Just don't intervene your trades with emotion so that executions that you're about to make are going to be perfect. If there's a need for you to cut loss then you can cut the losses.

Actions like this are probably ignored by many and we think that the price will recover or continue. Sometimes people still don't care about placing Stop Loss and Take Profit. Even though this is very important and mandatory in my opinion.

GeorgeJohn

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Quote from: borovichok on December 16, 2023, 03:37:06 PM

None of us should be regarded or described as a good trader, everyone keeps learning from the system and it do never ends. Benefits are for the trader's that have strong foundation in the system, its not always consider easy path to withstand the pressure coming. A trader's port folio determines how strong or weak a trader can become in the system. We make decisions which will later haunt us in this present day or in the future. Experience is the main focus in trading, though it also requires solid knowledge and speedy legit information.

In aspect of trading, its very obvious that nobody is an encyclopedia of knowledge or island of knowledge, in every thing the beginning of someone's knowledge is the end product of another one's knowledge and that is while we don't need to say that we know it all and I believe that trading have to do with something like continuous knowledge and if you don't take your time in learning trading then you will end up of understanding the wrong concept of trading, that is while nobody is above mistakes in trading and nobody will say that is a professional trader from my perspective.

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Quote from: lombok on December 18, 2023, 11:04:21 AM

Quote from: jossiel on December 18, 2023, 10:48:21 AM

And it's not a requirement that you have to trade at all times. You know that this market is such a brutal market and if you're even more than a risk taker and you like getting into futures, you'll get butchered there by the market if you're not going to use your patience.

Many newbies think that a trader should be active at all times. Well, in fact, a good trader is patient and is a good observant. Knows when to get in and get out.

Sometimes all you need to do is to apply extra patience while reading the charts and also some news in the market.

Correct. The more we sell and buy, the greater the emotions involved in each trading action. And this is not very good for trading activities. Where emotions play a role, the greater the possibility of experiencing losses.

You don't have to have that exceeding emotions when you trade because that's definitely going to affect you when you.

There's no need for you to take it along with your trades. Set aside the emotions and deal with what's going to be your trades emotionless so that, you can do every action that's needed to be made.

Just don't intervene your trades with emotion so that executions that you're about to make are going to be perfect. If there's a need for you to cut loss then you can cut the losses.

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Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

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.

Discipline would really be the main issue on this one on which not all would really be that having that kind of patience if we do speak about on dealing up with the market on having that kind of volatility
on which it is true that this market does have tons of opportunity for you to get in. If you do find that the volatility is intense or something that it is way too unpredictable on which even making use of
TA or FA which it dont really correlate out then this simply means that you should really be needing to have some break and letting the market to subside if ever its moving that out much.

The main issue that i could only see here is that a certain trader doesnt really like on getting behind as if they were treating that every second counts here on this market. They dont really like
on missing out those opportunities and this is why they cant help themselves on taking up some break or would really be minding about skipping out and this is an issue on which someone
do really need to resolve out because once you do have this then you would really be finding yourself to be that desperate and this is something that we dont really like
to happen.You are really that prone to lots of mistakes.

Stable090

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Quote from: lombok on December 16, 2023, 10:56:49 PM

Trading is about being sure and not being sure. If you are sure, enter and if not, don't enter.

Is there assurance in trade? You can’t be sure about a trade, you might be thinking it’s the right time to trade, and after entering a trade, your analysis might be wrong, so when trading, there is nothing like being sure about your trade. What I will say is that when trading, always make sure you do your analysis before entering a trade, and always make sure you monitor your trade after entering. Anything can happen, you can’t be 100% sure about a trade.

Quote from: lombok on December 16, 2023, 10:56:49 PM

It's better to invest long term.

I know it’s better to invest than trade, if you are scared of losing your money, then it’s better you just go for investment, but for anyone who’s interested in trading, I don’t discourage them from trading. Just that when trading, there will be profit and also loss, but if you notice your loss is always more than your profit, then something is wrong, you have to check your strategy and make amendments. And any newbie trying to trade, just know that when you are learning how to trade, you might end up losing more money, so newbies learning to trade should be prepared for that.

GeorgeJohn

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Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

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,

What we need as a trader is to be able to learn and understand all the elementary or primary measures that concerns trading, because I know quite well that trading has to do with target and consciousness, its obvious that without a proper understanding of trading I don't that someone can excel in trading properly, so I believe that one of the most things that causes a disadvantages or lose in trading is inability to to understand the rudiments of Trading...

To trade is easy as anything you may taught is easy or easier to know, I know very well that trading have to do with a skill and you have to know how to escape from getting lost, its the most things people do concerning trading, while so many people complained of trading is due to they did not have proper scope of trading before venturing into it.

lombok

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Quote from: jossiel on December 18, 2023, 10:48:21 AM

Quote from: lombok on December 18, 2023, 06:26:51 AM

Everything you say is true and fact. Apart from knowledge and good analysis, we also need experience. Sometimes experience makes us more confident in our strategies and trading methods in the past. What the OP said is not wrong, but it would be good for us to know and learn basic and important things. Because here we use real money, which may be investment money or money that we hope will be useful in the future, so it would be a shame if it was wasted in vain.

And it's not a requirement that you have to trade at all times. You know that this market is such a brutal market and if you're even more than a risk taker and you like getting into futures, you'll get butchered there by the market if you're not going to use your patience.

Many newbies think that a trader should be active at all times. Well, in fact, a good trader is patient and is a good observant. Knows when to get in and get out.

Sometimes all you need to do is to apply extra patience while reading the charts and also some news in the market.

Correct. The more we sell and buy, the greater the emotions involved in each trading action. And this is not very good for trading activities. Where emotions play a role, the greater the possibility of experiencing losses.

jossiel

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Quote from: lombok on December 18, 2023, 06:26:51 AM

Everything you say is true and fact. Apart from knowledge and good analysis, we also need experience. Sometimes experience makes us more confident in our strategies and trading methods in the past. What the OP said is not wrong, but it would be good for us to know and learn basic and important things. Because here we use real money, which may be investment money or money that we hope will be useful in the future, so it would be a shame if it was wasted in vain.

And it's not a requirement that you have to trade at all times. You know that this market is such a brutal market and if you're even more than a risk taker and you like getting into futures, you'll get butchered there by the market if you're not going to use your patience.

Many newbies think that a trader should be active at all times. Well, in fact, a good trader is patient and is a good observant. Knows when to get in and get out.

Sometimes all you need to do is to apply extra patience while reading the charts and also some news in the market.

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Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

Staying off is the best we can do, when not sure.

Exactly, one need to stay off the market when he is not sure of the market rather than having the spirit of greed and you want to try your luck in the market, this will make you run at bug loss because it is now a guess work and not due to experience, which makes it like gambling.

If a trader can control his emotion and know that he can still trade tomorrow if the market is not in his favor that with make that trader risk taking to be lesser compare to that trader that wants to trade, even when he knows that he is in big loss because he thinks that the market will later be in his favor. I love this your advice because newbies jump into trading when they don't know anything about the market.

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Quote from: Nrcewker on December 17, 2023, 12:26:10 PM

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.

However, even the most skillful traders still experience inevitable losses when they try to trade when the market is very uncertain. That is the reason why staying off the market for some time is also necessary rather than jumping to trading as long as you want. Professional traders definitely know when to trade and when to stop trading. So they won't insist trading when they know already the probability to be in profits is at its lowest.

Using demo account in trading may also be a good option. But we all know that its still different when trading in a live market rather than trading using demo account. If you are profitable trading without real money involved, then that won't guarantee that you will still be profitable trading in a real market.

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Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

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.

Not many know that not trading at all is also a trading strategy. It's better to restrain oneself from trading by sitting on the sidelines until the coast is clear than indulging in trading and loosing the little capital one has. Trading, in itself, isn't as easy as many people make it to be. Those who think it's a short cut to riches have always had their fingers burnt.

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Quote from: GigaBit on December 18, 2023, 06:02:14 AM

Trading business is very easy if we can manage it properly especially if we can make profit in trade. But a trader must know some basics. Especially the market conditions should be well understood. Unless a trader has a good understanding of the market, he will not be successful in trading. But just as you can't be greedy in trading, you must manage trading with risk if you want to trade here. A trader should start trading only after getting the best idea. Everyone comes here for the purpose of profit, but those who can gain comprehensive knowledge about trading and its related issues can be successful in the trading platform. A good analysis certainly does not hinder a trader from taking new trades. If a trader understands when he hast to take a trade and when he should stop, he can easily make profit from trading.

Everything you say is true and fact. Apart from knowledge and good analysis, we also need experience. Sometimes experience makes us more confident in our strategies and trading methods in the past. What the OP said is not wrong, but it would be good for us to know and learn basic and important things. Because here we use real money, which may be investment money or money that we hope will be useful in the future, so it would be a shame if it was wasted in vain.

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Quote from: lombok on December 17, 2023, 05:58:02 PM

Quote from: justdimin on December 17, 2023, 10:30:24 AM

Quote from: lombok on December 16, 2023, 10:56:49 PM

Trading is about being sure and not being sure. If you are sure, enter and if not, don't enter. Because this really affects our emotions. Emotions when trading are very dangerous. It's better to invest long term. We know that trading can provide profits and losses, the more we use emotions in trading, the more unstable each decision in trading will be and the logic of analysis will be ignored.

More like being not sure, because there is no way to accurately predict our trades. It does not mean though that we will not trade. Of course we will still do it, because how do we know if our trades are going to be successful or not? And how can we earn a profit if we won't take a risk?

Any outcome can trigger our emotions. If we lose, we are going to feel sad but if we are profiting, we are going to feel happy. I see nothing wrong with that but as long as we can snap out immediately because over feeling it can lead to dangers. Long-term investment might have advantages but it also have disadvantages, which can still trigger our emotions.

Correct. It all depends on the person who is able to exercise control and make decisions themselves. The point is to avoid excessive trading. Yes, at least investing is more relaxed than trading.

And it is necessary to pay more attention to always updating knowledge regarding technical analysis and extracting information as fundamental analysis is very important and vital.

Trading business is very easy if we can manage it properly especially if we can make profit in trade. But a trader must know some basics. Especially the market conditions should be well understood. Unless a trader has a good understanding of the market, he will not be successful in trading. But just as you can't be greedy in trading, you must manage trading with risk if you want to trade here. A trader should start trading only after getting the best idea. Everyone comes here for the purpose of profit, but those who can gain comprehensive knowledge about trading and its related issues can be successful in the trading platform. A good analysis certainly does not hinder a trader from taking new trades. If a trader understands when he hast to take a trade and when he should stop, he can easily make profit from trading.

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op I agree with you. Because when we want to trade, we must have enough knowledge about that trading. Before trading, we must be aware enough about the market. If we do not know the market relationship of trading then the money we invest in trading will be more likely to lose. So it is necessary for everyone when one is trading one must have enough knowledge about the market otherwise trading will not be successful.

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Quote from: terrific on December 16, 2023, 06:19:30 PM

Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

Staying off is the best we can do, when not sure.

You said it right.
That's the best thing that we can do when we can't make decisions right or we have been losing a lot. There's no way for us to keep going when your trades are not doing well.
Accept the fact and the scenario and just move on, stop and stay off from the market is the best idea that someone can make when he can't bear all the losses he's been doing.

Just accept the fact that we can't trade all the time and stay in profits. There's always the good times to invest, as well as bad times to invest and when it happens, try to control your greed and just stay off in the market when it's the best thing to do. Otherwise, trying to pursue trading in the market despite of the bad market condition will only put your trades into losses, thus losing your future profits in trading.

Staying off in the market at some point is sometimes necessary for traders. That is also one way that we can take rest from trading most especially when we are still struggling to learn trading.

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Quote from: justdimin on December 17, 2023, 10:30:24 AM

Quote from: lombok on December 16, 2023, 10:56:49 PM

Trading is about being sure and not being sure. If you are sure, enter and if not, don't enter. Because this really affects our emotions. Emotions when trading are very dangerous. It's better to invest long term. We know that trading can provide profits and losses, the more we use emotions in trading, the more unstable each decision in trading will be and the logic of analysis will be ignored.

More like being not sure, because there is no way to accurately predict our trades. It does not mean though that we will not trade. Of course we will still do it, because how do we know if our trades are going to be successful or not? And how can we earn a profit if we won't take a risk?

Any outcome can trigger our emotions. If we lose, we are going to feel sad but if we are profiting, we are going to feel happy. I see nothing wrong with that but as long as we can snap out immediately because over feeling it can lead to dangers. Long-term investment might have advantages but it also have disadvantages, which can still trigger our emotions.

Correct. It all depends on the person who is able to exercise control and make decisions themselves. The point is to avoid excessive trading. Yes, at least investing is more relaxed than trading.

And it is necessary to pay more attention to always updating knowledge regarding technical analysis and extracting information as fundamental analysis is very important and vital.

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Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

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.

Timing is very important in trading and yes, its not always about you do trading but its more about the timing in the market. If you are doing this on purpose and with strategy, you don’t have to worry about the market trend. You have to be more cautious every time you trade, make sure to have your strategy always so you can know if its your buying time now or you still need to wait for other confirmations and that’s how indicators can guide us.

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Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

Staying off is the best we can do, when not sure.

Yes, if we are talking about trading then pretty much if the situation doesn't call for the right time for trading then you can wait for a moment until your preference to trade meets your threshold then you can start trading until you are pretty sure with your research. Today's market would likely be different until tomorrow and the day after, etc. We have to be ready with such outcome and possibility.

Quote from: Distinctin on December 17, 2023, 04:37:24 PM

The problem with traders is once they achieved profits, they continue to chase for more profits regardless of the market condition.

Being greedy is always a bad thing, not just in trading but more on general cases. I'd stay away with that, the traders need a break after getting a profit so you can analyze your winnings.

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Quote from: Oshosondy on December 16, 2023, 04:14:35 AM

Quote from: Barikui1 on December 15, 2023, 04:44:02 PM

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

This is right. Traders should not be greedy. As traders is winning during the day, he may be greedy and wants to win more. But at the end, he may find himself losing overall before the day is over. Also if a trader is losing, they should have a limit to their loss, once the limit is exceeded, they should stop trading. Losing is when traders are vulnerable to lose more.

Sometimes, a trader can be sure of the market, enter the market and the market will go in the opposite direction against the position opened by the trader. It is good for traders to know that they should not trade with the money that they can not afford to lose.

The problem with traders is once they achieved profits, they continue to chase for more profits regardless of the market condition. That greed will never be good for them, but will only ruined their trades and will lose their capital in the process. That is the reason why traders should always know when to stay off the market, so they can prevent theirselves from losing or they can set limits for their future losses.

While trading is to stay in profits, but going against the market will only make your trades miserable. So always know when to trade, and when to stop trading when it's badly needed.

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