Trade with planning - page 2. | Bitcointalksearch.org

beerlover

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

As long as people realize the reality of trading is not to get rich quick or be a super wealthy person over night, there will be success.

Trading is something you do constantly to get a small amount of profit and do it constantly for 365 days a year in order to actually reach to a level that is acceptable but not super high. If you actually trade 50 weeks a year for 5 days a week for 8 hours a day and finish the year with 20% that is good, if you finish anything under that is a bit difficult but if you try to finish with 100%+ you will instead lose all your money and not make any.

People do not realize how hard it is to have a 20% average profit every year for years, if you can put a certain amount of money (doesn't have to be a million dollars but should be 100 bucks neither) and trade it with 20% per year then you would leave your child an amazing life after 50 years of doing that. That is what people should aim at but unfortunately they miss that point.

The Cryptovator

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Planning for trade is mandatory, for example buy targets & sell targets are belongs to plan. Actually at the beginning, new traders are just think they could get profits easily. But reality is totally different from our thoughts. Most of new traders are losing money due to lack of basic planning and patience as well. Even for me, at the beginning I am not much aware about all the things related trading. There were no planing because no one teach me. Just watch YouTube and try to learn but it's not possible real trading by watching YouTube only. So in a result I lost some fund at beginning but I learn from there.

Before start trading for newbies they should learn whole process as much as possible. I know it's quite hard to learn without loss because everyone isn't lucky same. So best planing and strategy would reduce loss and increase profits. Make targets plan before enter any trade like when your should enter when you should sell and when you should leave even on loss. So likely you can avoid big loss and increase your wining percentage.

killerfrost

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Everything is always successful with a clear plan. If you come to this market and invest in it without any planning and knowledge, then you will quickly be empty. Never invest in this market by relying on your and others' predictions. The cryptocurrency market is always volatile day by day so if you have a plan and knowledge about the market then you will quickly make a profit without having to worry about predictions.

miningguru

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Planning is very important in trading, without any assumptions and analysis, it is very hard to make money in trading. In crypto trading, the fluctuation seems to be very high and without any planning, we are going to lose our money by predicting the market perfectly.

ReiMomo

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Of course, there should be a plan, and not only a plan. You should also have research when you are in trading. Those technical and fundamental and any kind of analysis you must be applied. Trading is not a simple job and this not a trial and error, you should make sure that in every move you have is accurate and will gain profit. Trading with planning is very appropriate stuff.

nydiacaskey01

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Its like going into a business with zero knowledge. You don't trade because your friend is doing well in trading. You don't trade because your neighbor was able to buy a new car because he trade Crypto. If you are already trading, you dont pick those coins that are already lit in green, unless you have a very good reason to continue to buy. Always check and use those tools available online like RSI.

Karmakid

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The right one should be, plan before you trade. You should analyze the whole market to see any possible opportunities that you can grab. Once you see some opportunities then that is when you start to make some plans and do a little back test based on the chart to see if you idea is possible. After all of the analysis and test, you can trade and expect low risk.

harizen

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

But you know, there are traders who did that "jumping into the trading scene" with only basic knowledge as ammo, experience massive loss on the way but eventually turned into a professional trader.

It's ok to lose, it's ok to experience those things you don't want to happen while doing trades, that's part of the process. Without those losses, a trader will never be a good trader. Sometimes even you are well-prepared before starting doing trades, it will all changed once you are in actual.

What matters here is, people should learn from those mistakes and don't stop if they are really eager to become a better trader in the future.

Yamifoud

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Quote from: radjie on December 30, 2019, 12:50:10 PM

Quote from: Reid on December 30, 2019, 11:27:57 AM

For newbies it would be the best thing to do. Plan it first. Don't go jumping into making orders just because your professional friend told you so.
There are no pros in trading, all of us could lose a lot rather than win.

Don't go wasting efforts from the real traders here. They made so many threads just to warn new people from making any rush decisions.
Better for safety first. It is already a risky field why make it riskier?

of course having a plan before trading is very important to do, and this does not only apply to beginners but for all those who trade in order to always be profitable, of course, must have careful planning in advance

Not just we stop in planning but we should have to execute it consistently. It all gonna be useless if never used it for I know that it is also happens in some cases especially when FOMO started and might also lead to change our decision. The big challenge here is how to execute our plans when we are also hard to control our emotions. It all gonna be change once we are shaken especially when we saw prices on and off.

Darooghe

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In market you have to find a strategy that set you ahead of all other traders everybody study the same concepts, indicators, strategies and guess what? 80-90 percent of retail lose money. thereby my advice is to know what all traders know and find a way to exploit the common view and be with the market against the retail traders. also It's important to find the strategy and risk appetite to suite your personality and your time. I can tell you it's easier to use the daily timeframe than to use lower timeframes, with daily you can avoid the noise of any news.

radjie

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Quote from: Reid on December 30, 2019, 11:27:57 AM

For newbies it would be the best thing to do. Plan it first. Don't go jumping into making orders just because your professional friend told you so.
There are no pros in trading, all of us could lose a lot rather than win.

Don't go wasting efforts from the real traders here. They made so many threads just to warn new people from making any rush decisions.
Better for safety first. It is already a risky field why make it riskier?

of course having a plan before trading is very important to do, and this does not only apply to beginners but for all those who trade in order to always be profitable, of course, must have careful planning in advance

Reid

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For newbies it would be the best thing to do. Plan it first. Don't go jumping into making orders just because your professional friend told you so.
There are no pros in trading, all of us could lose a lot rather than win.

Don't go wasting efforts from the real traders here. They made so many threads just to warn new people from making any rush decisions.
Better for safety first. It is already a risky field why make it riskier?

Oceat

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

This actually happens mostly on newbies who doesn't know how to minimize their risk when trading. They just enters the market with an intent to buy when someone said so but don't know actually how to sell to make a profit. They just quickly lose some interest when they found out that the price that they wanted doesn't go that way. But instead they just go out while selling their investment at a very low price.

crossabdd

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thank you in advance, for providing a link guide for traders here, especially beginner traders. well you are right, most beginners are always ambitious to make quick profits, and maintaining crypto trading is easy. and when they started it, there were so many mistakes that they lost their funds. the simple option is to study each trade, or start with small capital or use a trading demo. so that when trading estate, there is no difficulty.

pajak666

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Just please do not start trading based on a few articles. Get started with a proper book (research for level and topics that you want to study) and some basic courses. Still dont pay for them when you are starting you, as you will buy worthless reruns on info that is available in the Internet anyway. Do a lot of paper trading and don't invest the money you can't lose Cheesy

gl besides of that

drlukacs

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

actually, these things I have learned for a long time and when I practice, I still make mistakes. then I no longer believed in these theories, I chose to practice and dep $ 50 to trade with my basic strategies. then the mistakes made me realize a lot of lessons and then the experience would be made. I advise you to practice before and when you make mistakes, come to theory and you will have interesting experiences.

Hypnosis00

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Quote from: drlukacs on December 30, 2019, 07:35:31 AM

Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

I have read it and have not found it to be of any help. I have read over a thousand pages of these basic theories and I do not deny what they say is wrong. I just want to say that this is a special job, reading the theory is not enough, you need to practice while learning the theory. This will make you more experienced instead of just reading the basics for new traders. After 3 months of trading failure, I realized such a truth, we can raise our win rate by psychological leverage and how to control our capital. this is the golden key made me trade better.

Yes, it was. Theories will play some role in trading but it all never work with having that alone. If we'll go into trading, we need to have our own market analysis and not depending on the others. Though we can't escape from suffering losses but on the other hand, this will be a way to make our mistakes right.

drlukacs

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

I have read it and have not found it to be of any help. I have read over a thousand pages of these basic theories and I do not deny what they say is wrong. I just want to say that this is a special job, reading the theory is not enough, you need to practice while learning the theory. This will make you more experienced instead of just reading the basics for new traders. After 3 months of trading failure, I realized such a truth, we can raise our win rate by psychological leverage and how to control our capital. this is the golden key made me trade better.

danherbias07

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That kind of fear will always be there once you did your first step.
It is your money and you want it to be secured.

What they need is the courage or being ready to put that money in risk. All investment is a risk. If there is none then it might be a scam.
That is just too good to be true.
There is a winning part and losing side with all the investment and in trading.

Shasha80

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Trading is not just about buying at low prices and selling at high prices, trading is more complicated than we imagine. Not to mention
it is impossible for us to trading without losses, sometimes we also have to experience losses. Based on all of that, good trading must
be with careful planning. So we need to plan everything, so we can produce more a lot of profit compared to the losses we experience.
And the first must be able to manage the capital we have, then it must be able to decide on the strategy to be used and the last one
has to make a backup plan. Which is very necessary if the beginning trading plan did not go according to plan.

Topic: Trade with planning - page 2. (Read 617 times)