Trade-in between the lines - page 5.

South Park

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?

That is pretty much what happens, people enter this market thinking they will make a fortune in a relatively short amount with trading, then when they lose a huge amount of money and after several tries they realize that maybe it is a better option to just hold their coins, but as time passes and they finally learn more about this market then some may try to make the transition again to become traders, with way more success than in the past as now they know the market and themselves way better.

2girls

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Yes, it's true but you must have knowledge and experience for profit in trading. If you have knowledge and experience you will be able to understand the market correctly.

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Quote from: checkmatesir on January 13, 2022, 07:59:07 AM

I think that it is true that trading is not an easy thing because not everyone can understand it as well as not every individual can make profit from it. But it is also true that if you start trading so there will be consecutive losses and failure. So now it is good that you learn from these losses and make good concept from these mistakes. Therefore you can make a profit in the future.

You are right the most important thing is to learn from previous losses and try to build a good understanding of the trading waves, once we lose it doesn't mean we give up rather set a record straight that we are not doing things the right way and need to develop our skills as to how effective we can trade to make future profits.
Once we develop personal trading skills and how to master the market wave it becomes easy to make accurate future trading decisions. Developing the skills and improving on them may not be an easy task.

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I think that it is true that trading is not an easy thing because not everyone can understand it as well as not every individual can make profit from it. But it is also true that if you start trading so there will be consecutive losses and failure. So now it is good that you learn from these losses and make good concept from these mistakes. Therefore you can make profit in the future.

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You have the chance you give an insight or hint to your investment with the use of the technical indicators and technical analysis you can behave an idea what will happen on the market for the upcoming hours, days and weeks as possible try to bare with it it's all about your assets. You can do to trying to buy low and selling high as for currently now the market still undecided what they would like to do to their market, of course, be careful on this times.

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.

In this bitcoin world, that holding has been a proven method to beat all the challenges of active trading. If you are not satisfied with the results of long term holding then you may switch over to long term trading and will get chances to multiply your bitcoins along with enjoying the benefits of holding. But for this, you need to predict the ATH somehow accurately and then need to buy back at possible bottom.

So, even with long term trading, there are still some trading challenges and to eliminate all such things, most people from this community always choose holding as their final option to enjoy big profits in long run.

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That is quite simple to understand that trading in now a days is even difficult to do, even the top traders can't predict that much because we didn't know about the crypto and most probably the bitcoin whenever it falls or it rises, but the same thing a trader should always ready for the loss, which he not intended to make but was in fortune, then it would be better to trade.

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The most strategy many traders use to avoid loss in the community is to hold and watch the market very well before sales. Many traders lost so much profits from the month of November to December because they think most of the coins they purchased early last year 2021 will increase higher before December ending so that they can make a huge amount of money from their investment.
Those traders that lack good trading skills are those traders that are in hurry to make quick profit without looking the condition of the market.

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?

skills and knowledge is the most important when it comes trading and of course discipline and patience because without such things all of our efforts is useless and it's like wasting money.. Market is so volatile and unpredictable if you don't know how to handle it's a big loss afterwards.. So better to make plans and always back testing your strategies to to become comfortable in trading.

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?

Holding carries mistakes too especially when you keep holding while the market is crashing. A holder will eventually have to become a trader.

Hard to trade when you choose to be a day trader vs being a long-term trader. Long-term traders today see this bearish market to be a good opportunity but will wait until the bearish market is over while a day trader will just keep on trading as long as they see there is the fluctuation of the price which is riskier. Both will require skills though.

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Quote from: 24Kt on January 10, 2022, 02:48:54 PM

Follow your instincts but you need to do your own homework also before involving yourself to any alt project. Because without prior knowledge, it is like you are putting yourself blindly in trading. You may have rules set but it may change in the actual trading scenario. So just adjust according to what is happening in the market. Don't easily panic when you hear some news, verify if it's valid. Because most of the time those are baseless statements.

There are no success crypto traders with instinct because you may have predict and win the profits several times with the instinc but you cannot plan your future if just rely on the instinct because you will have failed on several trades that you think you gonna got profits, so it will be hard to manage the risk if always trade with instinc, it's more like gamble on the crypto market.

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Quote from: 24Kt on January 10, 2022, 02:48:54 PM

Follow your instincts but you need to do your own homework also before involving yourself to any alt project. Because without prior knowledge, it is like you are putting yourself blindly in trading.

How are that instincts? Maybe it's how you would train your subconscious self towards the right learnings to make your instincts better. Is that what you mean? I think when you are learning it will come along once you become better at it.

Quote from: 24Kt on January 10, 2022, 02:48:54 PM

You may have rules set but it may change in the actual trading scenario. So just adjust according to what is happening in the market. Don't easily panic when you hear some news, verify if it's valid. Because most of the time those are baseless statements.

I think in this day and age, it's important to listen to the news because the majority of the people would be looking forward towards those things and they act on emotion because that's how humans are. I think it's smart if you know how to handle those news things and be prepared to act once you are there.

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

...But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.

If it were so easy to trade, then we would not have seen such a large number of liquidations after another dump or pump. This only means that when we are confident of further growth, the market surprises us with another dump. And, accordingly, vice versa.

24Kt

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Quote from: crwth on January 10, 2022, 03:38:41 AM

That's already a given, knowing that every time we take a risk, we won't see the part where we would be successful, whether it's a long position or a short one. It's still best to think outside the box, follow the trail, and risk what you can afford to lose. The critical component, I believe, in becoming the best outcome for trading is the consistency to trade what you can and make sure to follow the rules that you have set.

Follow your instincts but you need to do your own homework also before involving yourself to any alt project. Because without prior knowledge, it is like you are putting yourself blindly in trading. You may have rules set but it may change in the actual trading scenario. So just adjust according to what is happening in the market. Don't easily panic when you hear some news, verify if it's valid. Because most of the time those are baseless statements.

CryptocurencyKing

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?

I still don't understand how the content of OP correlates with the subject title. They seem too distinct to me to discern how it applies. Reading in between lines, I get as it talks about paying real attention to every word and silent detail. In the case of trading in-between the lines,
What line are we talking about here?
Is it the price fluctuations or the every pip on the market or something because I don't really follow.

Although, I agree trading is a risky business and also a very rewarding thing too. One who can comprehend and apply his or her trading strategy very well and it goes with the market is sure to profit more than someone who is just hodling.

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?

What you are saying is correct, both holding and trading have their own fair share of issues but if done correctly they can give you profits, the main issue that people have with holding is precisely the ability to hold their coins for the long term, on the surface it seems like it is something easy to do but it is not, because as we know the price of bitcoin can crash overnight and being able to overcome your emotions and not sell under those circumstances is something difficult to do.

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.
DO YOU AGREE WITH THIS STAT?

Of course, because it returns to one's ability to trade. when he doesn't feel optimal in implementing a trading strategy, then another alternative is to become a coin holder that has long-term potential and just waits for a certain moment to actually release the profits. However, to reach the point of selecting which one has the potential, of course, it cannot be separated from what is called the research process. And usually, this kind of research process also requires skills that are not easy.

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

if you can flow with the wave of the market one can still make good profits

That's the kernel of the whole essence of trading. Know this and know peace. However, identifying the wave of the market doesn't come easy. In most cases, it's even elusive. A lot of traders trade against the wave; and doing that is like swimming against the tide. Whenever this happens, the trader of course becomes the loser.

Quote from: crwth on January 10, 2022, 03:38:41 AM

That's already a given, knowing that every time we take a risk, we won't see the part where we would be successful, whether it's a long position or a short one.

That's a major thing that makes crypto trading highly speculative. Traders get wiser on hindsight and not on foresight.

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Quote from: Tellek Garing on January 09, 2022, 12:41:40 PM

It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
But in doing that I have observed that while the crypto currency market is highly volatile so if you can flow with the wave of the market one can still make good profits but again its not a guarantee and not an investment advice.

Every crypto advice 101 ever. I don't think it even needs to be said, pretty much any startup guide to trading would say that first and foremost since beginner traders tend to misunderstand what trading actually entails. It's a zero-sum market, if you're going to win, then full well that losing is also expected. It's just a matter of how much the difference is between the amount you're going to lose and the amount you're going to win. Honestly, just don't consider trading as a magic way to earn money and I'd say you're good to go for a start imo.

crwth

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That's already a given, knowing that every time we take a risk, we won't see the part where we would be successful, whether it's a long position or a short one. It's still best to think outside the box, follow the trail, and risk what you can afford to lose. The critical component, I believe, in becoming the best outcome for trading is the consistency to trade what you can and make sure to follow the rules that you have set.

Topic: Trade-in between the lines - page 5. (Read 819 times)