There is no certainty in trading - page 5.

bitterguy28

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Quote from: Lorokan on December 12, 2020, 08:35:16 AM

I want us to understand that no mind can control or know a token direction with total certainty; which is why there are always dump (or price corrections as you may call it). The only certainty while trading crypto currency is PROBABILITIES; because in trading, at every moment there are so many different possibilities, entries and even exits; your level of interpretation will determine the one you go for and also prepare for when the market does not obey your predictions

This is why you have to be consistent in your 'right' process.

Thats why traders has their own specializations ,there are Risk takers and others are those who Only targeting the graphs of dumping so they can buy before the price goes up ,but this is also risky because as what you said no one knows the direction of the coins.

coin_1122

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Quote from: ethereumhunter on December 23, 2020, 04:46:49 AM

Quote from: hulla on December 23, 2020, 02:38:52 AM

Quote from: Lorokan on December 12, 2020, 08:35:16 AM

I want us to understand that no mind can control or know a token direction with total certainty; which is why there are always dump (or price corrections as you may call it). The only certainty while trading crypto currency is PROBABILITIES; because in trading, at every moment there are so many different possibilities, entries and even exits; your level of interpretation will determine the one you go for and also prepare for when the market does not obey your predictions

This is why you have to be consistent in your 'right' process.

If you are talking about altcoins/token trading, i agreed there is no certainty cause they are an extremely manipulated market but if you are talking about the whole trading system (in which Bitcoin is included) then will disagree with just a little because there are some circumstances in the market that are certain example the new ATH which the market always accomplish after Bitcoin block halving.

We already see the market moves out of our expectations, even if we can make a good prediction where bitcoin or altcoin price will go in a few next hours. But suddenly, everything is changing, and make our prediction can not happen. It seems that the crypto market can be manipulated, but I do not think that the manipulation can happen every time because that will need a lot of money to move the price to the range they want.

That is why it is impossible to predict the altcoin market situation because even though the price of Bitcoin is increasing we are seeing the altcoin prices are going down. Yes, it is impossible to predict the situation in days, everything will change in a matter of minutes and we are losing the value of altcoin whether it is upward or downward.

ethereumhunter

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Quote from: hulla on December 23, 2020, 02:38:52 AM

Quote from: Lorokan on December 12, 2020, 08:35:16 AM

I want us to understand that no mind can control or know a token direction with total certainty; which is why there are always dump (or price corrections as you may call it). The only certainty while trading crypto currency is PROBABILITIES; because in trading, at every moment there are so many different possibilities, entries and even exits; your level of interpretation will determine the one you go for and also prepare for when the market does not obey your predictions

This is why you have to be consistent in your 'right' process.

If you are talking about altcoins/token trading, i agreed there is no certainty cause they are an extremely manipulated market but if you are talking about the whole trading system (in which Bitcoin is included) then will disagree with just a little because there are some circumstances in the market that are certain example the new ATH which the market always accomplish after Bitcoin block halving.

We already see the market moves out of our expectations, even if we can make a good prediction where bitcoin or altcoin price will go in a few next hours. But suddenly, everything is changing, and make our prediction can not happen. It seems that the crypto market can be manipulated, but I do not think that the manipulation can happen every time because that will need a lot of money to move the price to the range they want.

hulla

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Quote from: Lorokan on December 12, 2020, 08:35:16 AM

I want us to understand that no mind can control or know a token direction with total certainty; which is why there are always dump (or price corrections as you may call it). The only certainty while trading crypto currency is PROBABILITIES; because in trading, at every moment there are so many different possibilities, entries and even exits; your level of interpretation will determine the one you go for and also prepare for when the market does not obey your predictions

This is why you have to be consistent in your 'right' process.

If you are talking about altcoins/token trading, i agreed there is no certainty cause they are an extremely manipulated market but if you are talking about the whole trading system (in which Bitcoin is included) then will disagree with just a little because there are some circumstances in the market that are certain example the new ATH which the market always accomplish after Bitcoin block halving.

Silberman

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Quote from: Renampun on December 16, 2020, 02:05:24 PM

it is very true that there is no 'certainty' in trading, there are only 'possibilities'...
if you want 'certainty' then trading is not for you. Trading is not only a buy/sell process but also a process of how we manage our emotions and psychology. if you panic very much when the price of the asset you bought drops a little then don't trade.

That is probably the hardest thing to accept to those that begin their path as traders, they want to find a system that predicts what the market will do every time, they have a need to be right all the time which is not really necessary to be profitable in any market, as long as the strategy that you are using generates a positive expectation then you should trade regardless of how many trades in a row you have lost, however when newbie traders lose several times in a row they decide to leave their strategy behind even if they know it is profitable because they cannot simply accept the uncertainty of the market.

milewilda

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Quote from: JohnBitCo on December 17, 2020, 12:05:50 PM

Quote from: Lorokan on December 12, 2020, 08:35:16 AM

I want us to understand that no mind can control or know a token direction with total certainty; which is why there are always dump (or price corrections as you may call it). The only certainty while trading crypto currency is PROBABILITIES; because in trading, at every moment there are so many different possibilities, entries and even exits; your level of interpretation will determine the one you go for and also prepare for when the market does not obey your predictions

This is why you have to be consistent in your 'right' process.

Do you know the complete know how of trading. No one knows the exact entry and exit points but trading techniques and charts give us the fair idea resistance and support. Based on different indicators we can take more favorable decisions. If you don't follow the charts, you will just lose your money in trading because trading does not follow emotions.

Trading without any basis like having indicators or charting or even listening or watching out some news then its typically can be considered to be gambling.
There's no certainty with trading because its always unpredictable and you cant spot out which is the best time to make entries and this is where every traders
do differ when it comes on making profits because profitability will be varying into someone's experience and knowledge towards it.
This is why learning trading is an never ending task for someone who do continuously engaging with this market.

JohnBitCo

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Quote from: Lorokan on December 12, 2020, 08:35:16 AM

I want us to understand that no mind can control or know a token direction with total certainty; which is why there are always dump (or price corrections as you may call it). The only certainty while trading crypto currency is PROBABILITIES; because in trading, at every moment there are so many different possibilities, entries and even exits; your level of interpretation will determine the one you go for and also prepare for when the market does not obey your predictions

This is why you have to be consistent in your 'right' process.

Do you know the complete know how of trading. No one knows the exact entry and exit points but trading techniques and charts give us the fair idea resistance and support. Based on different indicators we can take more favorable decisions. If you don't follow the charts, you will just lose your money in trading because trading does not follow emotions.

Ridwan Fauzi

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Can you imagine how many people who let say trading in bitcoin? Do you consider that they use the same strategy? is their psychology the same as each other? This is what will make trading has many possibilities. When you take a short entry, there will be many people who will take a long entry, it will never line up.

Perhaps, there is a certain possibility that a trader gets a profit and face many possibilities with good, he must choose a domination. I mean they have to make entries where many people will do the same thing, such as when the market in the uptrend situation, you should choose long entry and otherwise. Even though you make an entry where the market is filled with manipulation, but you take an entry with the state of the market conditions (bull or bear market) you will be fine because the situation will back to the previous trend.

XZERO1

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As a matter of fact if there was any form of certainty in predictions based on TA, FA and news then anyone would be trading crypto and no one would need to go to their day to day jobs since they can just easily short or long a coins/tokens on 20-30x leverage and always be in huge profit and turn 100 bucks into $10K in just a few trades.

While trading you can just use the various tools like Technical analysis and try to merely find the better price to buy or sell and have your stop-loss and take-profit ready and hope for the best outcome, and in no way anyone can guarantee you that a coin/token will go up or down in the next few hours/days/weeks because they're not the one moving the market.

militiariko

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Quote from: Inspiron14 on December 14, 2020, 04:31:15 PM

If you are looking for certainty, of course you have to stay away from trading,
remember, trading is something that is not easy to run, it requires smart and mature speculation,
especially in the crypto market, prices are always volatile, pumps and dumps just happen,

I think you are spot on here. If you want certainty in trading, just keep your funds in usdt or tether on an exchange platform or your cold storage or trust wallets.

Quote from: Inspiron14 on December 14, 2020, 04:31:15 PM

making traders have to be extra careful .

There is nothing like extra careful in trading; you just have to trade in a professional manner (reduce risk) or use sl, or you avoid trading entirely

iv4n

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Quote from: Renampun on December 16, 2020, 02:05:24 PM

it is very true that there is no 'certainty' in trading, there are only 'possibilities'...
if you want 'certainty' then trading is not for you. Trading is not only a buy/sell process but also a process of how we manage our emotions and psychology. if you panic very much when the price of the asset you bought drops a little then don't trade.

Agree! You need to know how to adapt to new situations, new circumstances. In trading changes are a normal daily thing, and trying to predict those changes and make profit on them is not easy, and it's not like we don't make mistakes, so you always need to have some backup plan!
This is one of the reasons why I think that trading and gambling are the same! Many things said in this topic can be applied on gambling! People with weak minds and hands will make more mistakes than people who have a calm mind and steady hands! With practice, you can build your character, but definitely trading and gambling are not for everyone!

Janation

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I think being consistent is also hard.

You never know what will be the movement so what other investors do is that they adjust from some certain movements that is why being consistent is hard. It still depend on the investors on how will they adapt on the changes that are happening. It will comes down on the knowledge they have which is still based on probabilities.

Renampun

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it is very true that there is no 'certainty' in trading, there are only 'possibilities'...
if you want 'certainty' then trading is not for you. Trading is not only a buy/sell process but also a process of how we manage our emotions and psychology. if you panic very much when the price of the asset you bought drops a little then don't trade.

CapGelatik

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Quote from: ChronoLite on December 15, 2020, 11:53:54 AM

correct, there is no certainty in trading. there will be a time that your choice doesnt last and you would probably need to change different stuff to make it more dynamic. liek you said probability exists in trading there will be a time it will be dump or pump, so please do ur research first even though it is a top coins which you traded

trading is like that, certainty only exists when you are sure, but 90% without certainty,
trading requires knowledge, reading analysis is a way to get certainty, without it you will not be able to get certainty.

fullhdpixel

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The fact is that there is a bit of trading in investing as well and there is a bit of certainty in investment as well. In the trading world there are people who do 100x leverage on short future or whatever type of moves and I understand that you may find that a bit risky, everyone finds that risky, even the person who does it finds it risky, and you can call that lack of certainty easily. However if you think about it, what is trading? Buying and selling right?

Well, that means if you end up buying bitcoin at $7k and wait for it to become $20k for a whole year, you could still make a huge profit and when you wait for a whole year there is usually a profit to be made, maybe except 2018 but that was an unusual year. So at the end of the day there are ways you could make it as certain as it could possibly be.

crwth

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Do you know who can control the direction of the token? The whales that hold their specific tokens that large stacks will be swaying the market to the lower side and be bearish all the way. Of course, we are just members that go by and wish to get that sweet profit that everyone wants and then live off it for the rest of our lives. If we manage to do that, then everyone would've been in the most luxurious islands by now. But we didn't because we can't really predict it.

If someone told you that there is certainty in trading, then that person needs checking, lol. Maybe ask him for money since he can predict it 100%.

imstillthebest

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no mind can controll a coin but it can be controlled if actions are already taken .

if whale will control the price and decide to dump it , it will be dumped but thats not your fault and not all times they are going to dump it . probability is also not gurantee but why say it is ? probability comes from a word probable-probably which defines it can or it may not

there is no certain in trading but it doesnt stop there and we must not put our self down because of that fact. if we try harder it will be worth it .

ChronoLite

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correct, there is no certainty in trading. there will be a time that your choice doesnt last and you would probably need to change different stuff to make it more dynamic. liek you said probability exists in trading there will be a time it will be dump or pump, so please do ur research first even though it is a top coins which you traded

Pokapoka124

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That's true, crypto market is very volatile and can change at any time. I always trade with only 5% of my capital..that way I minimize the risk of loss. Although the profits are small but I rather be safe that sorry. I have been in the crypto space for only a year and joined bitcointalk only recently. There's still a lot to learn. I believe my trading skills will improve gradually

Cherylstar86

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Quote from: Lorokan on December 12, 2020, 08:35:16 AM

I want us to understand that no mind can control or know a token direction with total certainty; which is why there are always dump (or price corrections as you may call it). The only certainty while trading crypto currency is PROBABILITIES; because in trading, at every moment there are so many different possibilities, entries and even exits; your level of interpretation will determine the one you go for and also prepare for when the market does not obey your predictions

This is why you have to be consistent in your 'right' process.

Despite of its uncertainty, we have the chance of acquiring unexpected profit when market moved on after huge saturation. We might even notice our holdings pumped up a good value, when perfect time comes that's why it's very important to accumulate our asset while price was still so cheap. Learning buy and sell is a good strategy to make when active market begins to initiate a better volume.

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