Trading Cryptocurrency for 1 Week! - page 5.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Bagaji on November 19, 2021, 08:25:41 AM

Quote from: ThatDevAaron on October 17, 2021, 01:45:09 AM

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

I don't believe in your submission above that everyone can trade crypto currency and be successful. If you are good trader that doesn't mean everyone else can do the same for your state if mind and that of others differ. It seems to me that you are just looking for more viewers on your YouTube channel and nothing more.

It is not even about believing, there is extensive evidence the majority of people that try to trade the markets lose their money during the first year in which they try it, it is because of this the claims of the OP of being successful for one week in this market are completely useless, he could have been lucky and nothing more, if instead he showed evidence he had been able to become successful for the whole year while making many trades then I would be more inclined to believe his claims.

Bagaji

sr. member

Activity: 1330

Merit: 291

Quote from: ThatDevAaron on October 17, 2021, 01:45:09 AM

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

I don't believe in your submission above that everyone can trade crypto currency and be successful. If you are good trader that doesn't mean everyone else can do the same for your state if mind and that of others differ. It seems to me that you are just looking for more viewers on your YouTube channel and nothing more.

sana54210

legendary

Activity: 3178

Merit: 1128

Quote from: perfect999 on November 18, 2021, 10:44:04 AM

Technical analysis is always not enough for anyone to get profit from crypto trading hence, we need to consider other factors and scenarios so that we could skip losing trades. The main goal of a trader should be being selective on right trades. There will be no point of opening positions for all the signals we are getting because there will be only less than 50% chances that we will get profits when we are following technical analysis. So, we must filter out all other signals with the help of other aspects of market.

This way we can ensure about long-run in crypto trading by having very small number of losing trades and by securing our capital which must be growing slowly over the time.

The thing about TA is that there is a truth in TA not being enough, however it doesn't make it useless neither so it puts people in weird situations. Imagine something that you can't trade with because you will lose money if you ignore it, but something that won't help you make a profit neither. That is why it is quite difficult to focus on TA and hope that you earn a lot of money. I believe that there is a fine line between using something and relying on something. If you end up trusting it and consider that is everything you have to do then you will end up losing a lot of money. However if you end up using it just for confirmation then you could make a good profit.

jaberwock

legendary

Activity: 2520

Merit: 1073

Quote from: perfect999 on November 18, 2021, 10:44:04 AM

This way we can ensure about long-run in crypto trading by having very small number of losing trades and by securing our capital which must be growing slowly over the time.

Sustaining at crypto market is more important than anything else. It is like what will be the point of keep on trying all the signals and then making profit from one trade but losing with all other trades; that scenario will be ending up losing all of your capital. So, minimizing the number of trades will help anyone to have profitable stay in crypto trading.

I agree with being selective at our signals after generating but usually I will not open a new trade after a signal from my TA only when there are no enough funds.

zaesvlas

jr. member

Activity: 140

Merit: 2

How is it going? Some of my acquaintances made a good profit for the first month!

perfect999

sr. member

Activity: 1596

Merit: 299

Quote from: FanEagle on November 18, 2021, 06:28:55 AM

I agree with your opinion about trading skills because it is more important than following the trend at the same time in my opinion when you are trading in the direction of trend then you will get better chances rather than believing into your trading skills. As we read a lot about failure of technical analysis time to time then I believe it would be much better not relying only on our technical skills but we should bother about other aspects of safer trading as well.

Technical analysis is always not enough for anyone to get profit from crypto trading hence, we need to consider other factors and scenarios so that we could skip losing trades. The main goal of a trader should be being selective on right trades. There will be no point of opening positions for all the signals we are getting because there will be only less than 50% chances that we will get profits when we are following technical analysis. So, we must filter out all other signals with the help of other aspects of market.

This way we can ensure about long-run in crypto trading by having very small number of losing trades and by securing our capital which must be growing slowly over the time.

FanEagle

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Emitdama on November 08, 2021, 05:09:14 PM

Quote from: Sweetbtc on November 06, 2021, 10:36:37 PM

I think you worked hard but luck is with you. Some time market down for whole week which is very bad for day traders. I personally prefer long term holding rathet than day trading. I have lost much in day trading now i will never go into..

This is like fortune will favor brave. If you are good at technical analysis and at all required trading skills then you never need to worry about downfall markets; you can still make good profits with the help of your skills.

At the same time like many people mentioned that OP must need to try their strategy for at least one month of time so that concluding about the effectiveness of their strategy will be appropriate. When we are trying multiple time with same strategy then we will see different results across different market fluctuations which is more important on evaluating the effectiveness of one particular trading strategy.

If you are trying to refer shorting then I am not positive about that because it is always good to go buying with bitcoin market because the overall trend is always bullish and going against the overall trend may trap you one day or other.

I agree with your opinion about trading skills because it is more important than following the trend at the same time in my opinion when you are trading in the direction of trend then you will get better chances rather than believing into your trading skills. As we read a lot about failure of technical analysis time to time then I believe it would be much better not relying only on our technical skills but we should bother about other aspects of safer trading as well.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Emitdama on November 08, 2021, 05:09:14 PM

Quote from: Sweetbtc on November 06, 2021, 10:36:37 PM

I think you worked hard but luck is with you. Some time market down for whole week which is very bad for day traders. I personally prefer long term holding rathet than day trading. I have lost much in day trading now i will never go into..

This is like fortune will favor brave. If you are good at technical analysis and at all required trading skills then you never need to worry about downfall markets; you can still make good profits with the help of your skills.

At the same time like many people mentioned that OP must need to try their strategy for at least one month of time so that concluding about the effectiveness of their strategy will be appropriate. When we are trying multiple time with same strategy then we will see different results across different market fluctuations which is more important on evaluating the effectiveness of one particular trading strategy.

I am not so sure about that, even if you are really good at TA there are many books which state there are market conditions that are so extreme, dangerous and unreadable that the best course of action is simply to not trade and just do something else with your time, and I think the crash after a huge bull market falls within that category, as the crash can be massive and it is going to be very difficult to react fast enough to it and even if you have sell orders in place the slippage will be massive under those circumstances, so it is better to avoid trading too much under those conditions.

Emitdama

sr. member

Activity: 1895

Merit: 328

Quote from: Sweetbtc on November 06, 2021, 10:36:37 PM

I think you worked hard but luck is with you. Some time market down for whole week which is very bad for day traders. I personally prefer long term holding rathet than day trading. I have lost much in day trading now i will never go into..

This is like fortune will favor brave. If you are good at technical analysis and at all required trading skills then you never need to worry about downfall markets; you can still make good profits with the help of your skills.

At the same time like many people mentioned that OP must need to try their strategy for at least one month of time so that concluding about the effectiveness of their strategy will be appropriate. When we are trying multiple time with same strategy then we will see different results across different market fluctuations which is more important on evaluating the effectiveness of one particular trading strategy.

Yamifoud

hero member

Activity: 2744

Merit: 517

★Bitvest.io★ Play Plinko or Invest!

Quote from: molsewid on November 08, 2021, 07:25:52 AM

Quote from: Peanutswar on November 08, 2021, 12:29:36 AM

Trading within a week gives a lot of lessons if you make a trade while the market goes up trend good for you but again not all the time the trading gives a winning day. The market trends can be your enemy or friend. Always learn from the mistakes, analyze and execute a proper way to earn back and get profit. The first week is not the same as other trades. Always make keep an eye on the market volatility it's crypto.

In my own experience of trading crypto with a span of 1 week was somehow exciting and full of lesson learned experienced, in trying a 1 week trading I keep on visiting the market from time to time, checking how the price goes on with just a moments of second. Though I have already set a limit of how much the price that I wanted to sell my crypto but somehow it didn't go the way I wanted to happen. I think 1 week trading will be easier for those expert in trading but for newbie this will be difficult, but still trade on your own risk and choose to try this day trading on a crypto that you think will going to have a good market price within a week for you to be able to get a profit out of it.

Well, just like you do. I check more often on the market due to some excitement but in the next few days, that is found hard and sometimes I think about to stop especially on those days that I'd lose half of my capital.
For me, a 1-week span in trading is not enough to test ourselves and our minds. A lot of things can be done and can't be shortened for just 1-week in trading. Maybe we could say that we are good at 1-week and might we are in perfect timing but this far different experience when the market just about to drop.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: Peanutswar on November 08, 2021, 12:29:36 AM

Trading within a week gives a lot of lessons if you make a trade while the market goes up trend good for you but again not all the time the trading gives a winning day. The market trends can be your enemy or friend. Always learn from the mistakes, analyze and execute a proper way to earn back and get profit. The first week is not the same as other trades. Always make keep an eye on the market volatility it's crypto.

In my own experience of trading crypto with a span of 1 week was somehow exciting and full of lesson learned experienced, in trying a 1 week trading I keep on visiting the market from time to time, checking how the price goes on with just a moments of second. Though I have already set a limit of how much the price that I wanted to sell my crypto but somehow it didn't go the way I wanted to happen. I think 1 week trading will be easier for those expert in trading but for newbie this will be difficult, but still trade on your own risk and choose to try this day trading on a crypto that you think will going to have a good market price within a week for you to be able to get a profit out of it.

Peanutswar

hero member

Activity: 1498

Merit: 974

Bitcoin Casino Est. 2013

Trading within a week gives a lot of lessons if you make a trade while the market goes up trend good for you but again not all the time the trading gives a winning day. The market trends can be your enemy or friend. Always learn from the mistakes, analyze and execute a proper way to earn back and get profit. The first week is not the same as other trades. Always make keep an eye on the market volatility it's crypto.

Sweetbtc

hero member

Activity: 938

Merit: 503

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

I think you worked hard but luck is with you. Some time market down for whole week which is very bad for day traders. I personally prefer long term holding rathet than day trading. I have lost much in day trading now i will never go into..

palle11

sr. member

Activity: 2310

Merit: 332

Quote from: martina14 on November 06, 2021, 03:55:18 PM

Quote from: ThatDevAaron on October 17, 2021, 01:45:09 AM

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

Trading in the first week would be enough if you are one of the Experts in trading industry. But if not, that period of time is not enough to gain a lot here in cryptocurrency space. Actually for a couple of years, I fully understand trading when 1 year and 4 months of practicing, because before I was only dependent in my lucky fortune but that was not right when I found out in the end.

A week really is too very short to talk about being a good trader or not. Some traders too after a year can't understand the market. Trading is a serious business and needs a lot of time to learn and master. Some of us after a year or two are still learning, learning is a continuous process in trading.There are rise and fall in trade and so we keep learning how to trade better. A week is very small to say of such performance because waves can still blow your experience.

martina14

full member

Activity: 1190

Merit: 111

Quote from: ThatDevAaron on October 17, 2021, 01:45:09 AM

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

Trading in the first week would be enough if you are one of the Experts in trading industry. But if not, that period of time is not enough to gain a lot here in cryptocurrency space. Actually for a couple of years, I fully understand trading when 1 year and 4 months of practicing, because before I was only dependent in my lucky fortune but that was not right when I found out in the end.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: DoublerHunter on October 29, 2021, 05:59:31 PM

Quote from: ?? on ??

1 week is enough to understand how markets work in small timeframes, you have to focus on higher timeframes in order to understand deeply what whales trying to do. You should build your trading experience to analyze why market patterns are absolutely different on H4 compared to 15 min charts. Consistent profits are not impossible but hard to reach that level of confidence, time will show which option suits better your trading style.

^ I week? I don't think so, probably it could be 1 month for me.
In 1 week it could be experienced trading for me, and the second understand the market price movement and the 3rd applying some strategies and the 4th one, you must learn and already know those mistakes and avoid that it will not happen next week. Trading is not a joke and it is not just easy of making money, you need good skills before you can start. Aiming for your trading plan is very important and to avoid possible losses.

Different persons are going to have different standards about how much time is needed to understand the markets, a few months seems like a safe bet for most traders to know what is happening in the market, but if we really want to be ready for anything that the market can throw us then a few years will be needed, this may seem to be too long but take a look at all the traders that have been around the market for less than a year, with the exception of a few months all of what they have seen is bitcoin going up, while those that have been here for years know how painful it can be that bitcoin does not move for a long time and when it does it goes down instead of up.

proTECH77

member

Activity: 1120

Merit: 30

Bisq Market Day - March 20th 2023

If you know what you are doing in the market, you can make a good profit within one week. If you study the price of that particular coin in the market, that is about to increase you will know if you will achieve something favourable income within one week. With all the market strategies i used during the week that qualify me to be part of the opportunity to earn well within a week.
It was not easy for me to make enough profit within one week, just that I listened to the forum information, that the price is about to drop that make me to release my coins for sale that help me to make massive income from my investments.

Munir575

member

Activity: 546

Merit: 10

Trading for a week those not mean you are a good trader, you might just be lucky you traded when the market was stable or during the bull run, before I believe you are a good trader you have to be able to survive the bear market or making profit during the bear market.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: TelolettOm on November 03, 2021, 07:50:57 PM

learning by doing in any condition of trading is very important

Learning and trading are two different phases in trading and if you are into still learning then trading in live market is not at all recommended. You should not bother about how much profits you are making while learning but you must not on how often target is reaching and how often stoploss is hitting. If your target is reached more often then that must be the time to trade on live markets.

Quote from: lienfaye on November 03, 2021, 08:28:36 PM

the coins are unstable and it takes patience and need a right strategy in order to take advantage the market situation.

This is what the situation of crypto markets most of the times. We must need a well tested strategy in order to profit and being emotionally stable along with a perfect risk management will help in profit making.

lienfaye

hero member

Activity: 2912

Merit: 629

Quote from: ThatDevAaron on October 17, 2021, 01:45:09 AM

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

If you made profit in span of 1 week, probably the market is bullish, the reason why you're lucky to gain. But it depends on the coin that you trade, I only watch the few minutes of your video so I didnt know what other coins you buy to trade. Anyway 1 week is a short period and only good if the market is consistently moving upward, otherwise it takes longer to gain because the coins are unstable and it takes patience and need a right strategy in order to take advantage the market situation.

Topic: Trading Cryptocurrency for 1 Week! - page 5. (Read 1114 times)