Topic: This not the right time to focus on trading (Read 119 times)

From my little experience and the reading and others explanations on trading there is no bad time to trade and all is good. And the only thing needed in trading is understanding the entering point and the exit point. And if you are an expert in trading then there is no need to even tok of time to enter. You can enter the market as anytime as far as you know when to go. Op I don't know because I am not an expert but I am still on the low key trader, I don't think there is Bull market in trading and the bull market only affects in the withdrawal and not in trading itself.

Traders and gamblers have the same mind set to make profit always even if they lose their games and trading. And that is why people are saying they are di same but they re not.

This forum explains Bitcoin to those who don't know anything about it and provides them confidence in how to hold their BTC, is from this wonderful place that some people's building their knowledge gradually about Bitcoin and now becoming an expert on trading. Is good as really back to focus on your DCA because for a person to accumulate a Bitcoin is not an easy work, because some will even try accumulate them and lack of patience will prevent them from holding them against this coming halving. Before I also not have interest about DCA but as he stands like this way many peoples are anticipating this coming halving is this time how focusing to accumulate Bitcoin so that I will not regret any more future.
Anything concerning trading is required skills and experience, I don't think there's a specific time for trading, since although that trading has high risk and sometimes may delivery a low profits, you can focus on it any time you really wish but not is has a specific time before focus on it. The only things that you just to get before starting trading is knowledge is first key that will make survive on trading a without getting much lose, and what is across some newbies they take trading has where they can earned quickly, without consider the risks that are involved that's why they easily loses too much of their money, that's why I purposely not like trading how rather accumulate the Bitcoin I have holding it against the halving.

Even those who have mastered trading still lose money while they are trading in the crypto market, and trading requires a lot of knowledge to be able to determine why a token is dumped so that he or she will know when to sell or hold his token. Trading is not what a newbie will adopt. He or she cannot take advantage of the crypto market because he or she lacks adequate knowledge, which will enable him or her to always take a profit whenever there is one. For a newbie to be safe, he or she should invest in bitcoin with the DCA strategy so that he or she will not lose his money to the whales of the crypto market through crypto market manipulation.

There's no specific time to focus on trading bro. Trading is another aspect of crypto that requires high skills and experience, it's paying for those who knows how to do it and dangerous for those who don't know what it takes to be a trader. In your own case, you didn't play according to the rules of the game, you allow social media to influence you without your due diligence. I personally don't like trading again because I already know how risky it is. It's a personal thing and doesn't stop you from holding too. Holding are for long time profit but trading will be giving you little money to survive the present but you don't just jump into it because of the things you see online.

Greed is a dangerous weapon destroying traders out there especially the newbies. Even some experts suffer from this talk more of when you have half knowledge. Not only in trading but even life in general, if greed can not be controlled, it will eventually ruin everything you are building. Even when you are holding, you would miss some opportunity if you are too greedy.

you have good point mate. That why trading is more profitable to most people that are well funds, because whenever they trade they don't have to depend on higher leverages to make good profit and the also have good funds in their future account to back their the funds being traded (by using cross) and the rate of them to be overwhelmed by greed is low. Because as they trade large funds with lesser leverages the rate for their liquidation to trigger easily would be Low also. And when the particular coin they are trading move with small percent they would be in good profit and they can close the market immediately and still endup making something large but in a scenario whereby your funds not that much any time you trading you would always be finding a way to make a bigger percent for to get a better profit with just small funds. Inorder to keep up with that you would go into using higher leverages.


. Don't forget that trading is not assuring that you would be making profit always don't forget even pros do experience great losses. In trading you could lose in many ways either trying to cut losses or got  liquidated Not like holding when you know that even when market experience dip whenever the time it's take it to surge back you would still end up making good profit from It.
Yeah to trade now ain't bad but reducing it would help alot in accumulating more coin (BTC). For the upcoming bull run. You making extra profit in trading is actually nice and sweet at same time. But if you make losses is the other way round and you trying to get those losses back may magnet more losses. That why if you read the last part of my thread you would see that I said is not bad to use spares funds to trade, funds that if you lose it won't affect you that much or your process of DCAing.

Trading is not bad indeed but one thing most traders fail to consider well after all their analysis, is the risk management and this is among the main reason people lost alot in trading especially when greed cripes in.

Traders see the wins of other traders and fact is that most of such wins comes from trading altcoins and so they will be prompted to trade that same coin or look for other altcoins with such potential in order to make such inspiring big wins for themselves but in the end many will be liquidated, the reason for this is that, these big traders can easily manipulate the market with different which include :

• Pumps and dump Schemes
• Creating false buying/selling order
• creating false trading volumes

Don't be surprised why they do this, trading is a 2 edged sword, you win or lose and so in order to avoid taking chances of lost, they manipulate the market and get the wins while others take the lost and while manipulating bitcoin price and volume is almost to impossible because of its circulation now, this can't be said for most altcoins and this is the main reason they prefer to do this schemes with altcoins.

This is so true but the factor that still affects traders even after they this things is that in order to become successful in trading you need good capital so that you will be content with you earn and not trying to use high leverages because growing small account is stressing and tiring and so greed cripes in which makes you lost your funds.

This is another reason HODLing bitcoin is better since you can use DCA strategy to accumulate more bitcoins with time

Trading on stocks in FX isn't a bad idea, if you know how to properly. There are some persons that makes a lot from trading and it is not as easy as we scream from YouTube or any social media, were a trader would just deposit an amount and try to make a x5 of his deposit. Before trading, you have to learn properly, most of the person we see today are those who saw it as an easy way to make money and they just got only the basic knowledge and started waiting for telegram signal. In the year 2020 when I did my first trading, dollar was trading at #365  but I lost more than $50 dollar in just 1 week because I tried following the steps of those online traders in YouTube without seeking concrete knowledge first.

Assuming you learnt FX properly on how to manage your lot price and other risk factor and study the market properly maybe you would have become a good trader by now. But in real sense, I love Bitcoin holding than trading because trading look more like gambling.

I no see anything wey dey wrong in trading at a particular time like Op dey talk about this time should only be for hodling, that one no gel. Person wey sabi trade and him see good position to make extra money why not if you believe your trading skill. Whether you hodl for profit or you con trade and get profit, na same thing na. In fact you don diversify your profit potential be that if you fit trade and collect your profit plus additional trading profit, that one make sense na.

The only thing be say if you go fit identify the trend wey market dey. Like during the halving and bull run, you don know say most of your trade entry suppose be to buy because na the trend wey market currently dey or wey trade don form. So for me no be only to hodl during bull you go take make profit but you fit still collect better profit if you sabi trade because trading and hodling no be the same thing, dem be two different things and diversification is good.

The problem with some of us na, na social media they push us enter watin we no suppose do, you see those traders wey full social media wey dey show you PnL of winnings i swear them get plenty of Those loses hidden but them no go show you. Some because them no wan discourage you and some na because them just want make you come pay for either signal and or mentorship. Then newbie way go Dey find new money go go pay for signal, see make I no lie you even if person give you signal without knowledge I swear you go still Dey lose. As a newbie ba make you just calm down gain knowledge even if na trading yiu wan do. But first learn risk management.

But if you wan take my advice go into holding bitcoin or at least other low cap mid solid coins with better project line like utility. This holding na him some of Those your trades too Dey do oo.

You don’t trade with or on uncertainties, you trade based on what you perceive to be certain and that is mainly due to what you’ve observed in the charts, your analysis and what the various employed indicators tell you.
Should you have knowledge of the halving and what it could bring, then that’s something to leverage to your advantage. That being, if you know what you’re doing but, you need some practical analysis to get you into that market and not trade based on hunches and what you think could be.

Even so, it’s not a bad idea to hodl should you sense danger in your trading. Your still sure to profit in the end but, it wouldn’t be same with trading as, trading could either leave you with more coins that you can hodl alongside trading or your loss some to the market.

We all know that is just few months ahead before the upcoming bitcoin halving. And we all know that after or during the halving bitcoin going to undergo a great surge in price. (The next bullish market). But still most people still focusing in trading a certain high percent of their funds while they should be focusing on Holding and using the  DCA strategies. Expecially newbies who have the mindset that trading is something that can make them get rich overnight (because of the volatility and the fluctuations coins do exhibit) and Also due to the post they have encountered on some certain social medias whereby  some pro traders who normally showcase their wins online. Which may cause them to  jump in to trading with half-size knowledge about trading. Without knowing about the Risk attached to it. You may be a trader and you are losing some little amount of money like $5, $10, and $20,etc. most time in your day trading. You may think it doesn't mean anything is just a couple's of penny losses but if you sit down and calculate those losses you are seeing as penny losses you would know that damn yah just throwing your funds and putting their potential in yielding good profits to waste.

I myself, I have that mindset  years back  thinking that no matter the losses I made I would surely hit it big one day in trading. At first I started with spot trading and I was making good wins because no matter how coins dip my funds won't get liquidated and whenever the particular coin am trading bounce back beating that previous price it was before experience that dip my funds would also rise with it. As time goes on as my wins keep increasing my greed also increased with it. Then I wasn't satisfied with the profit I was making so I decided to open a future account ( damn my live never remains the same) with a half-size Knowledge about it what made it worst is that I also came across those pro trader who are always showing their wins. Damn I was inspired by their wins that I could also make profit ( not knowing the other way round) at first as a newbie started with a small leverage and I made a win and it was very exciting ( doesn't know was just beginners luck) after that as time goes on I started using uncontrollable leverages in other to make big and nice profits like the ones I normally see online not knowing I was only initiating more losses so I started losing some funds and at then I took those losses as penny losses until when I realized that most time if I make any wrong move I mostly lose most of the wins and my funds just in a day either its hit my STL or I got liquidated so I decided to stop for while. And because of those losses my confidence in cryptocurrencies also  dropped as my funds is decreasing ( damn shit coin really left a mark mostly new coin that endup being dumb All through).

So I decided to focus back in my spot trading till I came across this forum. And now I can  see the beauty of holding. And this forum didn't just only help  me in understanding more about bitcoin but also in building those confidence back. Now I'm just doing my DCA accumulating more quantities bitcoin. For the fourth coming halving.

All am just trying to say that minimise that act of trading for now focus most of your funds in holding (BTC) and accumulating with DCA strategies. lately have being spending most of my time in buy the dip hodl thread because most people come there most time and share their amazing ideas concerning holding and it's always fun to read. But still I won't say trading is bad but before going into it. try and gather proper knowledge about it and learn how to manage risk and always try to improve your skills in trading, and focus Your spare funds in trading and keep most in holding and also don't forget about your emergency funds that is also vital. Wish you all the best as we wait patiently for the greens.