We have to realize the fact that in Trading, we are also gambling. It is not always the winning part of the trades but also the losing part, too. The only problem for newbies is that they cannot afford to lose the money they tend to trade. Emotions are normal in trading but if we want to be successful in trading, we can control it set aside unhealthy strategies and emotions and continuous learning for improvement.
When panic arrive all of planning can be broken because many people have sell their assets with lower price after hearing bad information about their coin investment, we can keep holding but many other investor can't do it and they try for selling coin assets with lower price although what ever their reason. 
Topic: Trade with planning - page 3. (Read 641 times)
We have to realize the fact that in Trading, we are also gambling. It is not always the winning part of the trades but also the losing part, too. The only problem for newbies is that they cannot afford to lose the money they tend to trade. Emotions are normal in trading but if we want to be successful in trading, we can control it set aside unhealthy strategies and emotions and continuous learning for improvement.
Not just newbies, but the old traders who have experience in trading needs to make a plan in trading so they can manage their strategy related to the market situations. But not all of them can control themselves in trading, especially if they see that they can make a big profit. Most of them are still waiting for the price to increase higher than the price they saw. But not all of them can make a profit because some of them will have greediness in making more profit, and that can make them lose the profit if they still want to chase more profit.
We have to realize the fact that in Trading, we are also gambling. It is not always the winning part of the trades but also the losing part, too. The only problem for newbies is that they cannot afford to lose the money they tend to trade. Emotions are normal in trading but if we want to be successful in trading, we can control it set aside unhealthy strategies and emotions and continuous learning for improvement.
usually panic arises for beginners who are just trading, they quickly make decisions without thinking, but over time they will realize that it is common in crypto, just a matter of time.
I'm also not very good at daily trading, more to hold for a certain period of time.
I'm also not very good at daily trading, more to hold for a certain period of time.
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've seen a lot of beginners who used to trade without using any plan. But I can't blame them since they are just newbies they don't have enough knowledge and experience in this industry that is why it is why giving such articles regarding this matter might be helpful for them to have them aware of the system. Honestly, when I was a newbie also don't use any sort of plan for my trade and it is been tough I admit, but as I get the experience I learn to make a plan for my trade hence I am pretty sure that as they soon got some of it then they will improve their way of trade. 
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.
usually in the case of many traders who have lost, so too the experts they also experienced defeat in trading it's just that experts usually take the moment to minimize defeat and can even turn back to victory, this is usually because they have experience like you said that people those who go out after losing are traders who are usually invited by friends to introduce bitcoin to him but do not provide any basis and any knowledge about trading so that he is trapped and then out, but this is great if those who lose learn from the defeat, they will become experts and expert trading like the others, but what you say and write may not be applicable to them, I think without that guide they will become great traders when learning from defeatMany beginner traders today are jumping ahead in trading even they don't have enough knowledge on how to manage crypto trading. As a beginner trader, before I consider a lot of things because most of the time I read in the forum and also based on my research, I need to know about trading first because it can give a good idea about the future problems on trading. Next is the choice the best coin depends on your trading technique if it is suitable for short term trading or long term trading. And most important is to trust your self many traders got feared if they see the price of the going falls, and they withdraw all of the coins they invest. Always trust your trades; it is normal that the price fall.
Well, that's the basics of the basics. Minimizing your losses and maximizing your profits all stem from planning your set of steps and moves in series of time frame that you have analyzed or researched upon. There's also the pairings and exchanges you would use, as well as possible moves regarding unexpected scenarios that is out of your pre-planned timeline (which you made through analysis). Basics of the basics, but can be also said to be very advanced since even professional traders at times have difficulties managing their planning phases when trading. It isn't more about the guide, but rather the experience of actually failing because of having no plan.
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.
usually in the case of many traders who have lost, so too the experts they also experienced defeat in trading it's just that experts usually take the moment to minimize defeat and can even turn back to victory, this is usually because they have experience like you said that people those who go out after losing are traders who are usually invited by friends to introduce bitcoin to him but do not provide any basis and any knowledge about trading so that he is trapped and then out, but this is great if those who lose learn from the defeat, they will become experts and expert trading like the others, but what you say and write may not be applicable to them, I think without that guide they will become great traders when learning from defeat 
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.
Of course! Everything do really need a plan specially with trading which it isnt really an easy thing when it comes to basic knowledge or we do call basics of the basics then i do go with Babypips.com.To do trading, we must consider a lot of things. If we are a newbie in cryptocurrency trading, we must read a lot of things that contribute to our knowledge of trading. Today it is not hard to find sources of information on the internet because, by just a single search, there is a lot of information given to us. Trading is an exchange of coins into different coins, and by this kind of process, it can give profit depends on the value of both currency. We must consider too what coin do we need to trade because not all of the coin is suited for short term trading, and not all of the currency is good for long term trading. To make sure all of the activities we are doing is cryptocurrency will benefit us, to make sure those trade also consult with the trading experts to avoid loss of income.
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.
Of course! Everything do really need a plan specially with trading which it isnt really an easy thing when it comes to basic knowledge or we do call basics of the basics then i do go with Babypips.com. 
I think trading is considered as a career for those that are called as "professionals ", those who have plans and built strategy overtime and this is why they stay through it even when their order is going down, they don't exit until they are sure their plan at that time has been swallowed by the market. But those who run out and in for me are not yet traders but they want to make money through trading.
I know people who already quit their job to focus on trading. Maybe they really are good in trading as they chooses more to trade than to expect a regular income. There are pros and cons but all we need is really to plan and not be too fast in thinking. I'm planning to do it so but will need to set my goals and identify whether it will be sufficient or too risky to do so.
I am agree that we need to plan and thank you for the link. But I think aside from planning we need also to apply our knowledge and have continues learning about crypto trading. Because all we know that it is not only a job or even an extra income but we need to consider it as profession that change our life.
Well, some people think that trading is equal as gambling so they trade without plan or strategy relying on pure luck.
Of course that is completely wrong approach and can only lead to losses that you could have avoided
Before you start to trade it's necessary to define your goals and plan and strategy how to achieve that. We all know that plans sometimes don't go as we wish so recovery strategy is needed too.
Of course that is completely wrong approach and can only lead to losses that you could have avoided
Before you start to trade it's necessary to define your goals and plan and strategy how to achieve that. We all know that plans sometimes don't go as we wish so recovery strategy is needed too.
I think trading is considered as a career for those that are called as "professionals ", those who have plans and built strategy overtime and this is why they stay through it even when their order is going down, they don't exit until they are sure their plan at that time has been swallowed by the market. But those who run out and in for me are not yet traders but they want to make money through trading.
Discipline and consistent practices is the most important things to do in trading.
All things about fundamental trading become useless without discipline and consistency, also it's difficult to achieve successful in trading.
It's hard to apply, because the focus will be divided between job and trading. Unless it's remote job.
All things about fundamental trading become useless without discipline and consistency, also it's difficult to achieve successful in trading.
Quote from: The article said
Don’t resign your job before you make savings that can fund your living for more than 3 months.
It's hard to apply, because the focus will be divided between job and trading. Unless it's remote job.
I agree that a lot of newbie traders got burned early here because they thought it is a get rich quick scheme. So they just buy or trade without planning and the results are a disaster. But there are smart investors as well, maybe they have the experience before or just used their logical mind to learn first before joining the crypto sphere. So those are the two sets of individuals. And I'm sure those who have lost their money here have learn a valuable lesson and next time they've going to trade will careful planning. It's up to us to choose which path we wanted here.
Newbies are so very greedy where they thought that they can earn big amount of money in just short time. It is not the reality, there are big risks in trading and all of newbies should be aware of that. Newbies should protect first their capital befor they focus to earn big amount of money. Planning is required before we trade, we can win in a trade if we have plan.Not only beginners but also professional traders are also prone to losses. When we talked about greediness, no one is exempted, all of us are vulnerable and we have nothing to do about it but just to control our own mind and emotions.
Discipline is a must in trading, proper management of money and planning is the best option. Planning is essential for the next step that you will execute in the market.
When we talked about discipline, application is important for you to practice managing your actions and thoughts. In order to have a right planning, technical analysis must be executed in the market for you to know what is the next move you will perform.
I agree that a lot of newbie traders got burned early here because they thought it is a get rich quick scheme. So they just buy or trade without planning and the results are a disaster. But there are smart investors as well, maybe they have the experience before or just used their logical mind to learn first before joining the crypto sphere. So those are the two sets of individuals. And I'm sure those who have lost their money here have learn a valuable lesson and next time they've going to trade will careful planning. It's up to us to choose which path we wanted here.
Newbies are so very greedy where they thought that they can earn big amount of money in just short time. It is not the reality, there are big risks in trading and all of newbies should be aware of that. Newbies should protect first their capital befor they focus to earn big amount of money. Planning is required before we trade, we can win in a trade if we have plan.Not only beginners but also professional traders are also prone to losses. When we talked about greediness, no one is exempted, all of us are vulnerable and we have nothing to do about it but just to control our own mind and emotions.
Discipline is a must in trading, proper management of money and planning is the best option. Planning is essential for the next step that you will execute in the market.
Well, with how the bubble last time made BTC reach 19k or so, A lot of traders and non-traders who know of the existence of the crypto market suddenly entered and BELIEVED they can make a really huge profit. Just like how traders bought at 16k, believing it would actually go up but then suddenly crashed down, then they resold at a low price, non-traders also did this, and they even did it much worse than those traders. It's like they expect the money to flow through their wallets without doing anything or waiting for anything, which lead to them buying high and selling low, losing much money that they have.
All activity need plan as guide, in this part knowledge, money and risk combine to give us good strategy. The articles is good but need one topic, specially about mindset. This part is really important to start realistic plan become expert. People only focus in strategy and control emotion but forget about mindset. Next time you can include mindset topic in your articles, as newbie we need the right basic to start.
Planning is one of the vital things we need to prepare before we run into a certain business or whatever it is.
What we would like to expect if we don't have this? Of course, you can't expect to have a good result. If we don't have this in trading( particularly) we can't assure that we become profitable on the other hand.
What we would like to expect if we don't have this? Of course, you can't expect to have a good result. If we don't have this in trading( particularly) we can't assure that we become profitable on the other hand.
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