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Topic: The Signal to Start Trading and the Signal to Close Trading - page 5. (Read 880 times)

legendary
Activity: 1624
Merit: 1200
Gamble responsibly
Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.
That is true, trading is not gambling, but also it is gambling in some cases, example is a person that just started to trade, he does not know much about the technical aspects like using indicators or even checking the minute or hour range candle sticks, but he just want to trade. That kind of person will definitely lose as he is not trading but gambling. Also are people that just check the candle sticks but not knowing the right time to buy and sell, indicators can help for this purpose of buying and selling at the right time, but the person do not further learning and keep on losing. But I agree that trading is not gambling for trading experts but it is gambling for beginners. That is why people say it is good to use the amount of money you can afford  to lose to trade, that points to beginners.
hero member
Activity: 1036
Merit: 933
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Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

Trading is not so difficult for those public who has a great skill on technical analysis and skill on reading candles.
Even then this is not also that much easy for all . Sometimes the big technical analysis experts make mistakes. Main thing is crypto world situation always depends on market and who knows very well the technical analysis about market And they must know when to buy or when to sell
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
If trading wasn't so difficult, traders should be able to profit all and they could get rich from trading. Trading is difficult and not everyone understands how the process works, including how to determine when to enter the market and leave the market. It all requires analysis and must learn more so that we can analyze well. We cannot predict when someone buys or sells a coin because we use different analysis methods.
legendary
Activity: 3094
Merit: 1127
Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
Supposing you buy at 30k and the price reaches 50k, you sell and get your a profit of 20k times your volume traded, does that really seem to be a complicated thing? Nope. But what is complicated is the timing for buying/selling and holding.

Most traders get washed away in the steps in between. Either they cannot hold for long for they back out too early or they sell at loss to stop the panic.

Point is that when you are entering into trading, take only that money that you can afford to lose. Then place the long term order with patience at hand. Allow it to be executed in time. Your range may be smaller like 40k buy -- 45k sell, but do that often by checking the price. You dont need to day trade but dont lose patience.
All matters with your specific target or trading method because there are some who do really mind on holding for long term and there are people who do really love to see profits in short term duration
which means that steps and actions would really vary on each individual.Its true that the timing on when to get in and when to get out or when to hold is the most difficult thing that you
would notice out when you do step your foot into trading activity on which you would really be boggling up your mind on whats the right timing or right time for you to make out decisions.
This isnt something that you could done it easily and also trading is never been easy in the first place.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
Supposing you buy at 30k and the price reaches 50k, you sell and get your a profit of 20k times your volume traded, does that really seem to be a complicated thing? Nope. But what is complicated is the timing for buying/selling and holding.

Most traders get washed away in the steps in between. Either they cannot hold for long for they back out too early or they sell at loss to stop the panic.

Point is that when you are entering into trading, take only that money that you can afford to lose. Then place the long term order with patience at hand. Allow it to be executed in time. Your range may be smaller like 40k buy -- 45k sell, but do that often by checking the price. You dont need to day trade but dont lose patience.
legendary
Activity: 2268
Merit: 1655
To the Moon
...So when do you think one can buy or sell (enter) the market? ..

Even after getting the initial knowledge of the basics of trading, you will still make a mistake when opening and closing a trade, because there is no 100% guarantee that the pattern will be fully worked out. But nevertheless, it will allow you to correctly determine the levels of buying and selling.
sr. member
Activity: 2366
Merit: 332
Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
If you study and understand basic trading, then you should know how to enter and exit the market. It depends on you what kind of strategy you would like to use if you use candlestick then it is not a problem, sometimes I use demand and supply area (most likely support and resistance) in my trading and it is working, just understand the concept and learn more in trading aside from candlestick and I am sure you will get the grip of it.
Just taking look at the candlestick is just gambling, understanding the basic of trading candlestick just means you are a beginner, beginners can lose in trading like they are gambling.

You use demand and supply area? How are you determining the demand and supply area? This seems wrong to me but using the support and resistance level can be of help which is what you later meant.

I can suggest you to learn also more on overbought and oversold nmarket, you can start this with RSI and bollinga band.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
I absolutely agree with you because practically this had been one of the most difficult aspect of my trading experience I am trying to overcome, I had opportunity of selecting profitable trades both short and long on Daily timeframe, however trading entry had dealt a big blow to trades, atimes I will enter a long or short trade the price will temporary move against me and I hurriedly close it, in a jiffy the price reverses and move towards my direction, though I had found a way of closing my trades after a certain percentage of profit is accrued, I still trying to figure the appropriate entry.
hero member
Activity: 1204
Merit: 545
Depending on your trading style, you can specifiy a great entry/exit point. And, each person has their own points and we can not say whether they have a good point or not.

In my opinion, trading is not all about starting a trade or closing a trade. It is about having a consistent winning after a long period of time so that you can fully achieve financial independence. This is my only indicator to navigate whether I am having a good trading habit or not.
hero member
Activity: 2660
Merit: 651
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Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market.
You believe crypto trading is easy and later consider the entry and exit point to be difficult. What's the difference between the two-point and crypto trading?
These two-point are what's called crypto trading because the decision you make when you reach the event is what determines your profitability.

So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
It all depend on the activity of the crypto you want to use in but what important is you understanding the crypto open, close, high and low activity
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Trading is not so difficult as it was told.
Well, easy to describe on it when it's come to stories but the real deal and real application of it is hard.

But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
You just described what the market is really all about. It's all about closing your positions in profits and the traditional buying low and sell high orders that we must do.

Because that's how we're going to make money from it.
sr. member
Activity: 2282
Merit: 470
Telegram: @jperryC
If you study and understand basic trading, then you should know how to enter and exit the market. It depends on you what kind of strategy you would like to use if you use candlestick then it is not a problem, sometimes I use demand and supply area (most likely support and resistance) in my trading and it is working, just understand the concept and learn more in trading aside from candlestick and I am sure you will get the grip of it.
hero member
Activity: 826
Merit: 583
This is where trading analysis would work out whether you do make use of;

1. Technical analysis
2. Fundamental analysis
3. Intuition/Gut feeling(Other option  Cheesy)

mostly I use option number 3  Grin
I'm not very good at technical and fundamental analysis. what I understand is I have to buy when the price goes down and sell it when the price goes up. too great a risk that prices will fall when we do not do in-depth analysis.
most importantly in the trades, I make always use SL, and it helps me not to accept big losses. we must be aware of how we manage the assets we have. we determine at what price we must exit the market. by looking at the graph we will have an intuition about how much we are receiving.
sr. member
Activity: 882
Merit: 326

This is where trading analysis would work out whether you do make use of;

1. Technical analysis
2. Fundamental analysis
3. Intuition/Gut feeling(Other option  Cheesy)

All of us do share up on the same questions on mind on when to get out on particular trade
because of this unpredictable market then we do really have this main problem.

Technical analysis and fundamentals especially related to viral news or good news will really help us in entering the market or leaving the market. Sometimes in crypto news or rumors are very influential on the price movement of a coin. The point is in trading we have to be content with what we can (profit) don't be greedy is the main key.
full member
Activity: 1064
Merit: 112
Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
it will not become difficult unless if you have enough knowledge, coz that's the common problem reason why there's a lot of people are frustrated in trading. Infact how you can determine when or where to buy if you're lack of knowledge? that's impossible coz it's not a game of luck!
So i suggest dont expect that you can win in trading if you don't have such thing. Much better to educate your self first if you want to become successful trader.
hero member
Activity: 1778
Merit: 520
You can use the candle stick but you can't limit yourself from the candle sticks alone as there are other ways to predict it such as using support and resistance, trend lines and other useful tools, for me relying to candle stick is ok but it is not enough.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
No one can predict the movement of market perfectly,you can just speculate and dare to face the consequences that is why trading is easier but making profits consistently becomes a nightmare.
No one can predict the movement of market perfectly, but a trader can still be more accurate, accuracy is not only in the candle stick movement prediction, but analyses can still make prediction to be more accurate but it is true that it can not be a hundred percent accurate though. Like I said, accuracy is not only in cnadle stick prediction, accuracy is also in having no greed, using low leverage like 1x and able to make sure liquidation does not occur but profit instead. The crypto market is most of the time been volatile within some prices that even the bears and bulls will make profit.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.
Sometimes even candle stick failed. So it safe to assume that no one can predict it right. Of course these parameters are made to be a guide but it does not mean a high accuracy of happening. Well thats really sucks, right? Ive talked with some experienced traders and they did confirm that even they go for a good indicators sometime it didnt go to their prediction. So trading is a lot harder than simply memorizing and familiarizing with this indicators. But it can help us in such ways.
hero member
Activity: 2702
Merit: 672
I don't request loans~
I mean THAT is the core of trading, it's basically the part that determines whether you're going to profit or not, ofc it's difficult. To help in identifying it, the two types of analysis (fundamental and technical) should be pretty helpful for you to decide on a path to take. Ofc it still involves you understanding the market and making your own predictions and suggestions based on your own current understanding, but all those are based on what news you actually receive or analyze anyway. You also can't deny that "gut feelings" have helped a lot of traders in the past, but that'd be a one or two off kind of thing imo.
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