Topic: The best decision you can take - page 6. (Read 1063 times)

Knowing when to trade in the market is a big factor to make trading successful. While consistent trading creates more opportunities to earn and save profits, but when the market is not favorable to trade, then it's better to stay off trading for a while and save your capital. Trading is for profits, but that will obviously not going to happen if you go trade against the market condition.

Most of the time, your decision making creates a challenge over the market. But if you have the patience to wait for the market to become certain and stable, then trading in a favorable market is not a big issue and will not give you a headache after every trading.

A skilled trader knows exactly when in the market to buy his coins and when to sell his coins he is very good at making quick decisions. The loss may be slightly higher due to earlier decision making, but if a trader delays his decision too much, he may miss the opportunity to profit from trading. When I am tedding and when I feel that the market may go higher from this time I buy coins at that time instead of waiting and wait for a good time. Not every day I do multiple trading but some days there is a loss and I have to wait for the market to turn positive. We always discuss that trading is risky but we have to have the ability to make quick decisions by accepting this risk.

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.

Excellent choice at the end of the post. I am always jumping into the market or other types of investments with a similar mindset. If you are ready to do it then you have to be 100% sure, if there is the slightest doubt then you can always have an exit strategy right at that point. If we miss doing this then things can go south and this happened with me when I bought one of the alt blindly. The project had amazing marketing geeks, they published it via affiliate marketing and social media accounts. When I looked at it from top to bottom it seemed just fine. However, when it came to the point when I wanted to invest my money in it I had some doubts, or you can say that they started rolling at that exact movement somehow. Maybe call it subconscious analysis that made me go away from it and not invest but somehow I did not triple-check the facts and invested anyways. This made me a lot of losses via that investment. Since then, the goal is to keep myself away from the trading on daily basis. Only invest when something excellent and of the Bitcoin quality comes out.

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.

Yes DCA is the best investment strategy it's more safer and easier, than trading and watching the market, whether is bearish or bullish. But buying btc and leave it to your potfolio will totally make life easy for you by removing your mind from fear of loss. Because fear of loss is the root cause of people do sell off there coin for no good reason. While some choose trading because of quick money. And yet they still run at lost when there is fall in price.

The state of uncertainty in the market is the state in which the probability of profit is at its lowest level. Uncertainty is a measure of risk. Hence, Bitcoin is classified on the basis that it is a high-risk asset, assuming that market trends cannot be predicted exactly as happens in the stock markets.

if you want to get rid of these fears, simple strategies such as Dollar-Cost Averaging (DCA) will be more appropriate than trading.

Everyone will have a different view of traders, there are some people who make daily reunions or their job to make money every day, and there are some people who only make profits but at the moment they want, all trading strategies have their own risks, depending Personally we choose a convenient option for trading

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.

With trading bots, you do not need to stay online. Program the bot to a specific strategy and modify the strategy every 3 days a week. Thus, you can enjoy your life while the market is monitored 24 hours a day and make a profit without the need to be online or spoil your mood with trading fluctuations.
Thinking about trading turns it into a side job to a full-time job, and since profits may not always be achieved, it is better to look for a full-time job if you cannot stay away from the trading screen.
Thinking this way is psychologically and physically destructive and will lead to bad results.

Why is it hard not to trade when you are unsure? do you trade for charity? because if you already know the market situation makes you unsure about trading, you shouldn't trade.
it is possible for such behavior to occur in beginners who are getting curious or even a little addicted in their initial trading. so every day they want to trade even though they know the market situation will not be profitable to continue trading.
but for those who are a little more experienced, they definitely understand the right situation for them to enter and for them to hold back waiting for the right moment to trade.

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.

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.

 
A good trader should have so much experience in his trading that he can easily determine when to enter the market and when to backup himself. He should have that much experience; otherwise, we can't tell him he's a good trader. Almost those traders who give time to analytics and their way of getting analysis is good have more chances of getting more benefits.

Also, we have to look at the trader's portfolio; if he has more, he has more chances of getting a good benefit, and if he has less then it should affect the trading of the individual.

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.

Trading is risky and it contains a lot of uncertainty.

The market is unpredictable and you can never be sure about it.

If you feel sure about the market, you can lose money because black swan events like Covid-19, wars can occur anytime when you are sleeping. When you wake up, your position can be done, done with a liquidation.

I know many traders say I am sure about the market, I analyzed many things and I don't feel need to use stop loss order for my position. You know, such confident traders will have loss in this volatile market. Because you will not be able to be correct 100 times, 100%.

Use stop loss order.
Use stop limit order.

One of best weapon in trading
Stop limit order

This post is a very lovely one if one looks into it insightfully, but you would have attracted more responses if you created it better than this. Still, I got the gist so well, and as an experienced trader, I know that as simple as this warning/advice is, it's the reason why most traders are losing. Only that these traders will never locate the issue in their trading and will continue to find other means to change the narrative, even as the fault still stands. Let me tell you, as difficult as making a 100% successful trade could sound, it's possible for me to achieve that once in a while, and I have noticed this since a few years ago judging by my current standing in the market trading.

But for the fact that I love to take more unreasonable risks and always try to enter every possible trade, which puts my result to the limits of about 85-90% winning nowadays. You can now see why I appreciate this post so much even as it looks scattered. Traders who refine their trading signals and find no fault whatsoever in it before opening a position will always get to be more accurate than the traders who do otherwise.

However, I would like it if you could still reconstruct this post better so that it will be more attractive to your readers than the way you did it. Also, expect a merit from me if done.

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.