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, making traders have to be extra careful .
Topic: There is no certainty in trading - page 6. (Read 1527 times)
There is no really no certainty when it comes to trading specially talking about crypto that is we all know that is very volatile in nature making it real hard to be predictable on which the price can change unexpectedly over a certain period or time. But being an experienced or knowledgeable trader being familiar on the market you are working with can somehow be a big help on working with risk management to get into action on how you can certainly deal with the sudden changes and the risks that are associated on doing trades. There is no certainty on doing trades but if you do know how to handle certain changes happening on the market, you can keep up managing certain risks to have an input and output that can be favorable in your part. The challenge in trading is how you are going to deal on uncertainties and risks and turn tables into somehow favorable to your part applying strategies that you think will work out on the situation.
That's true to an extent. As we already know, markets are always evolving - not just the crypto markets, support and resistance lines do break and indicators may give false signals too. In my opinion, all these plays a role in making the market uncertain. For instance, you spot a trading chart pattern like double tops and the textbooks exactly suggests shorting the market when a pattern like that comes up on the chart. Because of this, you don't hesitate to short. However, the market goes the other direction and you ended up in loss or worse a liquidation. As the market is evolving, we should too. I remember an old saying that says "When a bird learns to fly without perching, the hunter learns how to shoot without missing".
The uncertainty can be mitigated by having a proper risk management plan in place.
There is no really no certainty when it comes to trading specially talking about crypto that is we all know that is very volatile in nature making it real hard to be predictable on which the price can change unexpectedly over a certain period or time. But being an experienced or knowledgeable trader being familiar on the market you are working with can somehow be a big help on working with risk management to get into action on how you can certainly deal with the sudden changes and the risks that are associated on doing trades. There is no certainty on doing trades but if you do know how to handle certain changes happening on the market, you can keep up managing certain risks to have an input and output that can be favorable in your part. The challenge in trading is how you are going to deal on uncertainties and risks and turn tables into somehow favorable to your part applying strategies that you think will work out on the situation.
I agree there is no certainty in trading, sometimes the results of our analysis are done well, there is still the possibility of being wrong.
In crypto trading there are so many possibilities that can happen. Therefore, the more often you monitor the market, the better. Because
the volatile crypto market is very difficult to predict. We really have to be patient when trading crypto, do not rush into decisions to buy or
sell coins. The calculation must be done carefully.
Even we do calculate sometimes it's isn't enough to get a successful trade, been with too many experience of trying to calculate and check graphs whether it will fit on that range of price but then sometimes tends to move the other way predicted it. Monitoring the market is what really needed as the price is too volatile that we will need to know what makes the price pump and dump that can help us to calculate the chances of gaining within that time frame alone. In crypto trading there are so many possibilities that can happen. Therefore, the more often you monitor the market, the better. Because
the volatile crypto market is very difficult to predict. We really have to be patient when trading crypto, do not rush into decisions to buy or
sell coins. The calculation must be done carefully.
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.
You get it and a great deal of the people in the forum get it unfortunately we are a minority, people read all the time ads on the Internet about a system that predicts the market 99% of the time and they think they can become rich with that system, but the truth is they offer a system that when it losses it does so massively, so as a system is useless, people need to understand that it is impossible to win every single trade and that even the best setups sometimes fail and they just need to accept it and move on but many are incapable of doing this and that is when they incur massive losses. This is why you have to be consistent in your 'right' process.
If you want certain profits, you should check out banks that gives savings accounts some interest, you put your money in there and they give you very tiny amounts but at least it is guaranteed to give you that much return. Most of the time when you invest into stuff like index funds and other stuff where it is 4-5% and nearly guaranteed, you are getting a good return as well.
However if you end up not really trusting all of that, or saying that you do not trust it at all, that means you are going to actually end up with trading here. Certainty in trading world is death, you do not need certainty and you should not want it neither, you should want a bit of risk, how much risk depends on how much you want to make but at least you should have a bit of risk instead of none.
However if you end up not really trusting all of that, or saying that you do not trust it at all, that means you are going to actually end up with trading here. Certainty in trading world is death, you do not need certainty and you should not want it neither, you should want a bit of risk, how much risk depends on how much you want to make but at least you should have a bit of risk instead of none.
You have to treat trading seriously and consider it as a job where you need to do your own research. There’s no fix return in trading, you have to understand that as well and know that your money can lose anytime especially if you did not do your research. Trading is risky but of course, its also rewarding so better to learn more about it first.
Those who think of fixed income from trading may face huge losses. Because when a trader tries to win all trades, he will make big mistakes. Lack of proper knowledge about crypto trading will play the biggest role as the main one here. Many experienced traders also make mistakes, if you want to trade, there will be profit and loss.
So it is important to have trading knowledge, then no one will think of making a fixed income from trading. Because he will know how to trade and how the market behaves.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
Although trading is not for everyone since it's like a gambling but you still have to take the risk. With enough experience of the market it's going to be easy to win a trade just by looking at the charts.
While your first statement is accurate, your second is misleading and any newbie that come across your post might take your thoughts for the fact. Trading isn't related or shouldn't be associated with gambling as it's never like gambling. Sure some set of individual that called themselves traders do gamble on coins and sometimes come out successful but that doesn't mean that's what trading is about.
Trading is the reading of the market, understanding it from the charts and been able to predict the outcome of the market in regards to price movements. The luck aspects is just nature and something everyone needs excluding that the rest are hard work, smart work, continuous practice and experience.
The only similarities both industry has is been lucky as that's increase your chances of succeeding in both industry although that doesn't mean they both rely mainly on it, that's just for the gamblers.
Because even if you are a person who has at least the knowledge and experience, that doesn't guarantee you will continue to make a profit on the same percentage every time. Indeed, this is all uncertain and every analysis or prediction that is carried out even if there are good and correct predictions, it will not produce a definite value but at least with you having the knowledge and experience it will make the possible value can be achieved even if it is only close.
Crypto is something that is uncertain, and indeed the level of volatility is very high. In playing trading, we should have patience and perseverance. This will make it easier for us to control emotions and can also make a probability well. So that we are also not easily swayed by the flow of crypto that is so great.
Crypto is very familiar with the speculative market that's uncertain. that's why crypto is different with the stock market that can be predicted easily as the performance of stock market was being affected by the company. in crypto anything can affect the market. That creates a volatility in the market that used by people to generate profit from the market. The uncertain in the crypto trading gave benefit for people who can use the opportunity.
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.
This is why you have to be consistent in your 'right' process.
I agree with that that's why some people are relying to indicators and previous charts to conduct a probability that it would either go high or low. Well it's decentralized market and no one can really predict on what will going to happen.
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.
This is why you have to be consistent in your 'right' process.
That's why in trading most of the altcoins are volatile where as you had mentioned in the above the price can be upside down and we all know this thing. I also agreed that there is no certainty in trading, that's why also as an individual players in the exchange platform should really have a a knowledge about it no matter what it cost.
I agree there is no certainty in trading, sometimes the results of our analysis are done well, there is still the possibility of being wrong.
In crypto trading there are so many possibilities that can happen. Therefore, the more often you monitor the market, the better. Because
the volatile crypto market is very difficult to predict. We really have to be patient when trading crypto, do not rush into decisions to buy or
sell coins. The calculation must be done carefully.
In crypto trading there are so many possibilities that can happen. Therefore, the more often you monitor the market, the better. Because
the volatile crypto market is very difficult to predict. We really have to be patient when trading crypto, do not rush into decisions to buy or
sell coins. The calculation must be done carefully.
Crypto is something that is uncertain, and indeed the level of volatility is very high. In playing trading, we should have patience and perseverance. This will make it easier for us to control emotions and can also make a probability well. So that we are also not easily swayed by the flow of crypto that is so great.
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.
This is why you have to be consistent in your 'right' process.
You are absolutely correct. Sad to say that this is the freaking reality. There is no way you can control the market (unless you are one of the big whales who is so “pro” in manipulation). Unpredictability at its finest and there’s nothing you can do about it except learning how to manage your risk very well in both time and money.
Why many traders had to fail is that because they always in the bullish and when the market dump and suffered losses, that is also the time they certainly think about quitting. A lesson to learn that we don't need to look on the right side but also have to consider the left side. The dumps and pumps are inevitable, we have lived in such a volatile market where everything is unpredictable, and all are just guesses and predictions. We could be sometimes right or badly wrong, we lose or make gains?
Speculations are just guesses and none in this world can be certain enough to predict the exact direction of markets with extreme accuracy unless he's such a whale who can pump/dump the markets at his will (but I guess there's none anymore because the buying and selling groups are looking proportionally divided due to crypto being in the game for more than a decade now).
Yes I do believe that there is no pricise or accurate prediction, it is always uncertain in every thing, we can't say that oh this month bitcoin will surpass 20k which is near but it doesn't happen, many people are affected by fomo and still in the top waiting for bitcoin to pump as high as 20k again. what I learn in this trading, there is no chance that your analysis will 100% accurate, I do believe that sometimes or most of the times whales are those peope who manipulates the market and we can't do anything if they want to dump or pump it.
Trading is predicting whether the price will go up or down so there's really no certainty on this. Even expert traders are having mistakes on doing their trades. Though it can be the same as gambling in terms of uncertainties, I will still prefer trading because you can learn some analysis techniques and using some indicators to reduce this feeling.
Speculations are just guesses and none in this world can be certain enough to predict the exact direction of markets with extreme accuracy unless he's such a whale who can pump/dump the markets at his will (but I guess there's none anymore because the buying and selling groups are looking proportionally divided due to crypto being in the game for more than a decade now).
People are only speculating the price it doesn't matter if their speculation didn't meet a high accuracy as long as their target was getting filled. BTW is not about how uncertain the trading is but trading is about how you can predict the price that will be surpassed by your coin dude. When you can predict and it doesn't matter how good your accuracy is and then you can generate profit and buy again at the bottom price.
Keep in your mind if you should never be greedy to get a bunch of profit from your trade. Speculation = full with uncertainties. This is clearly stated by so many traders. If that's not uncertain and then it must not be called as speculation.
Keep in your mind if you should never be greedy to get a bunch of profit from your trade. Speculation = full with uncertainties. This is clearly stated by so many traders. If that's not uncertain and then it must not be called as speculation.
Jump to: