Topic: Trading system understand (Read 431 times)
If there is one thing I have come to understand about persons trading and making profits from crypto vs persons who intend to venture into the crypto business is that when one comes to terms with losses incurred either due to ignorance of how the system functions or for some other reasons, it takes courage to learn from the losses and further re-invest. One takes the risk because of the potential to succeed. Newbies trying out crypto investment shouldn't be scared of making losses as it is an opportunity to see how better options can work. Understanding can be harnessed from trial and error.
There are some individual who even do not know about crypto and start trading so in this way they loss their whole revenue. Once more thing is that they asked for everyone about trading whether he knows about trading or not. I think that you should asked but remember one thing that not every person is a crypto expert, he just give you advise, sometimes it works and sometime it become the cause of your failure. You just think about your success and investigate about coin but never copy another person as it can be bad for you. Set your mind and work accordingly.
indeed we have to understand the trading system, because if we don't understand the trading system, we will most likely harm ourselves, and the money will be drained, and I personally experience losses because I am a beginner in crypto, and do not understand crypto, but I do not give up and finally I started to study and think, about how to trade well in crypto. but eventually I started to learn from my experiences and failures, so in my opinion, with failure it will grow new knowledge for us and of course new motivation.
Don't get used to that failure because if there's still a failure despite of all the learnings and experiences, most probably there's something wrong with your execution and you have to address that right away or else you will just lose more money. Trading is very risky, and its time consuming so if you don't have much time to analyze I suggest to trade long and go for the best coins instead. Remember that TA can also work in long term position, so adjust your decision based on your own timeline.
indeed we have to understand the trading system, because if we don't understand the trading system, we will most likely harm ourselves, and the money will be drained, and I personally experience losses because I am a beginner in crypto, and do not understand crypto, but I do not give up and finally I started to study and think, about how to trade well in crypto. but eventually I started to learn from my experiences and failures, so in my opinion, with failure it will grow new knowledge for us and of course new motivation.
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5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don't care about quality of the project . in this case most of newbies to the crypto are lossing their money by following those influencers and buying what they recommend and loss the money.
That's right. The crypto influencers you find on social media are not necessarily telling the truth because we don't know their motives for providing that info. But you can use their information as material for your further analysis to find other information that may be useful for you. By analyzing to the best of our ability, it is hoped that we can learn better and improve our trading skills. So when you get information from other people, you should search for the other information and compare it before you decide. 
I agree, never really entrust your decisions to influencers when its come to trading.
You will never find them trustworthy because they can be paid and they do not really move according to their posts.
It is all about the paid posts and that's how they make money.
There is something to emphasize here, many of the things that people are influenced by are not only influencers, but also the news, I don't know, but I really don't believe much in the news, because I have read some books and for example Jesse's Livermore always made references to not seeing news before doing his analysis, the first one did his analysis and had his way in which he was going to trade, so that his analysis would not affect him, sometimes there is news that is generated after a movement, and never before a movement, so for sure we often do not know the reason for some movements.You will never find them trustworthy because they can be paid and they do not really move according to their posts.
It is all about the paid posts and that's how they make money.
I agree, never really entrust your decisions to influencers when its come to trading.
You will never find them trustworthy because they can be paid and they do not really move according to their posts.
It is all about the paid posts and that's how they make money.
You will never find them trustworthy because they can be paid and they do not really move according to their posts.
It is all about the paid posts and that's how they make money.
also if you take a lot of notes as years pass by you will notice how detailed your strategy becomes compared to your early days, and that is when you understand why you never made profits as a newbie.
Despite that we compare notes of past and present of our trading strategies, we are still going to notice mistakes in the future when we do another comparison. This means trading is a continuous process as we get better by the day and we can't be perfect in trading because it is speculative in nature. Price is not stagnate and it is coming with new challenges as it changes, we can cut down on our losses by using money management.
Learning curve toward becoming an experience trader is very long thus a trader must be kept abreast of all the latest fundamental news, modification of the trading strategy if the need arises and the trader must remain focus and avoid all form of distractions by avoiding numerous indicators on the chart which might give conflicting signals that might result to losses thus the trading strategy must be KISS "keep it simple stupid" though two or at most three indicators that aids a trader is good such as Moving Averages for trend direction and RSI for oversold and overbought.
This is something that most newbies do not expect and yet it is very real, the learning curve for trading is huge, it may seem to be the easiest thing in the world to buy an asset and then sell it for a higher price, but when every single person is trying to do the same then it is easy to see why something like this can become so challenging, also if you take a lot of notes as years pass by you will notice how detailed your strategy becomes compared to your early days, and that is when you understand why you never made profits as a newbie. 
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness Quote
5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don't care about quality of the project . in this case most of newbies to the crypto are lossing their money by following those influencers and buying what they recommend and loss the money.
This is an important reminder especially for beginners who seek advice and help from professional traders. Everyone has their own strategy but we could have a unique strategy that will fit our goals in trading. The strategy of others isn't always applicable in to our trading journey. Also, it's important that we pick wisely the right influencers that could truely impart their knowledge to us and not those who only promote for their own benefit or as much as possible, do your own research and try not to rely on them.
You should also add this when your system starts to fail go back and re-develop your strategy. It could be greed has taken over or been overconfident has eaten up the strategy.
Keeping your strategy simple and easy to interpret gives you a good view of what you are meant to expect from the market. I won't totally discourage copy trading rather use what others are doing as a confirmation and don't rely on them completely. No matter how good you become with trading there are times your analysis will fail you so confirmations from what others are analyzing can help avoid some losses.
Keeping your strategy simple and easy to interpret gives you a good view of what you are meant to expect from the market. I won't totally discourage copy trading rather use what others are doing as a confirmation and don't rely on them completely. No matter how good you become with trading there are times your analysis will fail you so confirmations from what others are analyzing can help avoid some losses.
1. indicators
*Leading And lagging indicator
Traders should know that it's better to stick to leading indicators than relying on lagging ones. Lagging indicators tend to play on the emotion of traders as they often repaint and adjust to the direction of price instead of remaining adamant like leading ones. That's why I like my line indicators of S&R, Trendlines, Pivot Points.*Leading And lagging indicator
Quote
*Price pattern.
PA (Price Action) is important. There are traders who only rely on PA. Their eyes are where price is moving to and they check it on higher timeframes to ascertain their course of action. Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness because when we enter the market then it will be a little different,
moreover the crypto market is very volatile and that makes an experience
3. system must provide profit in the long term run
Some newbies doesn't like systems that produce profit in the long term run. They rather want it so fast and that is the reason they lose genuinely or they lose to scammers. The urge to earn as quick as possible is a very bad desire. 4. Respect your system
In as much as we have to respect the system, we need to be confident with the system, trust the system and be patient with the system. A system is not to be discarded because it failed to produce the required result. 5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important )
Very important. It takes a special skill to be successful in copy trading. Alot of manipulations are needed. Meanwhile, in all what is needed is skills and patience.
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness because when we enter the market then it will be a little different,
moreover the crypto market is very volatile and that makes an experience
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness grasping some opportunities to earn more but of course you should know and accept the risk involve because engaging doesnt automatically means that you would earn money.You would still need lots of adjustments
and awareness on how this market works or moves.There are lots of trading system out there which it do really make yourself to be that prepared on trying out different strategies and things for you
to sustain yourself in the market.
When it comes to trading, there are times when the emotions of our human life will want to control our trading strategies and the rules that we have set for our own trading. Remember you cannot expect revenge from the market.
Don't be vindictive and passionate about any particular century in the market
Don't be vindictive and passionate about any particular century in the market
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness Jump to: