Understanding "When" to trade. | Bitcointalksearch.org

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Quote from: sensimilia on April 15, 2022, 01:50:58 AM

Quote from: LastKiss on April 02, 2022, 10:50:21 PM

Quote from: lombok on April 02, 2022, 10:27:08 PM

Quote from: Rruchi man on March 26, 2022, 11:07:46 AM

-snip-
- When you are emotional unstable.

In my opinion this is the worst factor when trading compared to other things. The emotion of joy because we continue to make profits makes us rash in making decisions, eventually this greed makes us lose control and lose funds. Then when we are anxious because we get a loss this is also dangerous. Stabilizing emotions when trading is the biggest challenge, if we can control our emotions I believe the other two points above can be overcome, because automatically we can think clearly in taking and responding to the moment when trading.

Yea when our minds become so emotional there are a lot of things like greed, impatience, and more. Before we invest or trade we should be able to control these emotion and this some step I do to minimize that emotion overcome my mind, use my cold money, have a long-term mindset, stay away from FUD, don't ever get trapped by FOMO, and of course learn first before we go trading for real.

Here again it really is not the subject tips given here that are considered effective if we apply them here but what is here but can reduce my passion here by ourselves then we have to control before trading and not let control here and it The only downside is that if everything is prepared before starting a business here, I guess what kind of cheating would be so complicated.

I think that what influences is the right time to buy, when we start to do analysis, we read some opinions in the forum about how we can operate, it is difficult to get a criterion that adapts in a general way, and I think that is something normal, because each person sees the market in their own way, we do not all think the same, and when we see a thought that is similar to ours, we are pleased to accept that things are like that, that is why before I look for any advice, I make my own analysis without seeing news or anything, so I have it there if I start to see how many people, news coincide with my thinking, this is a way to see or evaluate if I am on the right track.

feelideb

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Trading time is different for lots of people abd I believe this is because of different objectived and goals of individual. Take for example, if you are OK with scalping, there iis nothing stopping you from trading daily. However, if you are a value trader, daily trading will not fit your objectives, you will rather want to study your trade and make position on long term basis!

tbct_mt2

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The perfect answer for the question "When to trade" is

Only trading when the market is volatile.
Don't trade when the market is boring and condensed to wait for big volatile movement later.

I know you can trade when the market is sideway and boring and if you do it well, you can get profit too. Nevertheless, if your mind are not neutral and fresh, you will get stucked and be killed when the market suddenly moves up or down significantly at the end of each sideway cycle.

Because you can not predict the market up or down correctly so you will have odds to get correct or inaccurate prediction which affect your trading results. The better approach is wait for a big market movement then you can start trading.

Ahli38

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Quote from: Peanutswar on April 22, 2022, 09:57:19 PM

Coins always surge up when there a good news upcoming of course such as a country supporting this kind of coin, and they use it for the payment methods adopted by the different organizations. Also, most of the time when it comes to weekends people sell their assets because of the thing they want to use those funds in the other way entertain themselves and use them for their leisure times. That's why mostly I do make a trade or buy when the weekend comes as always.

Yes, most of the prices are discounted on weekends. because it's time for people to take a vacation. usually it is influenced by day traders which on Saturdays and Sundays they are off from trading.
so it's a good time for us to start buying crypto when the price drops.

Peanutswar

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Coins always surge up when there a good news upcoming of course such as a country supporting this kind of coin, and they use it for the payment methods adopted by the different organizations. Also, most of the time when it comes to weekends people sell their assets because of the thing they want to use those funds in the other way entertain themselves and use them for their leisure times. That's why mostly I do make a trade or buy when the weekend comes as always.

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Quote from: kamilah147 on April 22, 2022, 05:15:32 PM

Starting a trade should basically be with a stable emotion. because when emotions are stable, we can control our trades well and the analysis we do is also better. for me the day doesn't really matter, what we really need is emotional stability and being able to read the market conditions to start a new trade.

When you're emotionally unstable.

That's the clue that you should stop for that moment as soon as possible because you will not know what you can do further which could result in losses.

That's basic for most experiences everyone and if you don't learn from them. Maybe, you've got to learn it on your own so that you'll be the one telling it to others that control your emotion.

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Quote from: Oilacris on April 19, 2022, 02:56:40 PM

Quote from: Zanab247 on April 19, 2022, 02:45:43 PM

Quote

Know how to trade and when to trade is so important and this two falls into trading strategies. For one to always have good trade is to know good strategies , knowing the right strategies for a particular time that is what matter the most, using a particular strategy all the time is not the best because strategy can change, getting new strategies helps a lot in trading.

Carry out your personal research to know more about new strategies will really help traders to grow higher in the community which is very necessary to crypto traders. Understanding the right time to trade in the market to make a huge amount of money is more favorable than trading without understanding the period where to supply or demand from the market which can cause traders losses in crypto trading.

You would able to understand for yourself if you had really able to experience it out on how to deal with the market.You would make out some realizations because you had already had the idea

on how it behaves or on how it do reacts even though its not 100% precise since this market moves too randomly or unpredictable which it is really hard to sustain yourself to be profitable.
Try to make yourself to survive out and dont rush up on everything or anything because this would really create some desperation which would result into mistakes.

The real key on here is EXPERIENCE which means that you cant able to determine on whats the right time if you are just noob or lacking out that kind of factor.
Understanding on when to trade is something that hard and cant be determined.
Its true that sustaining should be your target and you would find out lots of opportunities that you could made out into this market.

kamilah147

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Starting a trade should basically be with a stable emotion. because when emotions are stable, we can control our trades well and the analysis we do is also better. for me the day doesn't really matter, what we really need is emotional stability and being able to read the market conditions to start a new trade.

Oilacris

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Quote from: Zanab247 on April 19, 2022, 02:45:43 PM

Quote

Know how to trade and when to trade is so important and this two falls into trading strategies. For one to always have good trade is to know good strategies , knowing the right strategies for a particular time that is what matter the most, using a particular strategy all the time is not the best because strategy can change, getting new strategies helps a lot in trading.

Carry out your personal research to know more about new strategies will really help traders to grow higher in the community which is very necessary to crypto traders. Understanding the right time to trade in the market to make a huge amount of money is more favorable than trading without understanding the period where to supply or demand from the market which can cause traders losses in crypto trading.

You would able to understand for yourself if you had really able to experience it out on how to deal with the market.You would make out some realizations because you had already had the idea

on how it behaves or on how it do reacts even though its not 100% precise since this market moves too randomly or unpredictable which it is really hard to sustain yourself to be profitable.
Try to make yourself to survive out and dont rush up on everything or anything because this would really create some desperation which would result into mistakes.

Zanab247

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Quote

Know how to trade and when to trade is so important and this two falls into trading strategies. For one to always have good trade is to know good strategies , knowing the right strategies for a particular time that is what matter the most, using a particular strategy all the time is not the best because strategy can change, getting new strategies helps a lot in trading.

Carry out your personal research to know more about new strategies will really help traders to grow higher in the community which is very necessary to crypto traders. Understanding the right time to trade in the market to make a huge amount of money is more favorable than trading without understanding the period where to supply or demand from the market which can cause traders losses in crypto trading.

zaesvlas

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It is very important to understand that such an understanding will not appear quickly. This is already an experience that is very difficult for a trader to get. Therefore, you need to be ready.

LUCKMCFLY

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Quote from: Bhig Daddy on April 09, 2022, 12:53:04 PM

Knowing when to trade doesn't really have to to with the week days to me but how the market is at that particular time, and then I think you are right about the emotional stability, not just in crypto but in every aspect of life, when you are emotionally down nothing will seems to work out for you. So just give it a break when you are not emotionally okay.

Well this is something to take into account, although the state of mind does not define everything as things are, having a good attitude sometimes helps to see other scenarios, perhaps when it is good to enter or not, but if it can be taken into account to be more enlightened, there are people who set challenges or goals during the day, but it is not bad, it is good, although sometimes it can cause some stress if expectations are not met, and this can lead to failure, however It is good to have daily goals until they are met, in case they are not met, then the stop loss is simply the one that jumps, I think that is the correct way.

elisabetheva

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Quote from: jrrsparkles on April 16, 2022, 11:07:28 AM

It really depends on the trading strategies used by the individual

maybe I really agree, that everyone's trading strategy will certainly be different from one another and is normal. because the habits that have been carried out in trading will certainly lead people to do it continuously, apart from the fact that the situation that is built is no longer suitable and experiences disadvantage so that it changes methods and days that may be adapted to new ones, although of course it is very risky to make those changes.

Quote from: jrrsparkles on April 16, 2022, 11:07:28 AM

for me its good to trade on weekends because I feel not huge volatile swing so its possible to make 1 or 2% by doing day trading on those days with less risk compared to high swing days. Also I am not really used to trade on major event basis but many people succeeded on those occasions if the find the things before it happens.

some may indeed trade in accordance with major events that have occurred before, and it certainly returns to a habit that will make that person will do it, maybe even people do not associate major events with trading but instead apply it to the day when they will trade.

jrrsparkles

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It really depends on the trading strategies used by the individual, for me its good to trade on weekends because I feel not huge volatile swing so its possible to make 1 or 2% by doing day trading on those days with less risk compared to high swing days. Also I am not really used to trade on major event basis but many people succeeded on those occasions if the find the things before it happens.

wiss19

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When you are "ready". People keep forgetting that they need to be emotionally and mentally ready to trade as well. They keep focusing on when the market is ready, when the prices are low, when things look to be getting brighter and so forth, but the reality is that we are talking about a personal thing.

A period when market looks to be prime to get in and how to make a profit is something that we should be considering a lot, it is really a great situation but at the end of the day if you are not ready, and you feel like when you get in, you will be in too much of a panic mode and wouldn't know what to do, then do not get in and wait for the next period.

Rockstarguy

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Know how to trade and when to trade is so important and this two falls into trading strategies. For one to always have good trade is to know good strategies , knowing the right strategies for a particular time that is what matter the most, using a particular strategy all the time is not the best because strategy can change, getting new strategies helps a lot in trading.

sensimilia

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Quote from: LastKiss on April 02, 2022, 10:50:21 PM

Quote from: lombok on April 02, 2022, 10:27:08 PM

Quote from: Rruchi man on March 26, 2022, 11:07:46 AM

-snip-
- When you are emotional unstable.

In my opinion this is the worst factor when trading compared to other things. The emotion of joy because we continue to make profits makes us rash in making decisions, eventually this greed makes us lose control and lose funds. Then when we are anxious because we get a loss this is also dangerous. Stabilizing emotions when trading is the biggest challenge, if we can control our emotions I believe the other two points above can be overcome, because automatically we can think clearly in taking and responding to the moment when trading.

Yea when our minds become so emotional there are a lot of things like greed, impatience, and more. Before we invest or trade we should be able to control these emotion and this some step I do to minimize that emotion overcome my mind, use my cold money, have a long-term mindset, stay away from FUD, don't ever get trapped by FOMO, and of course learn first before we go trading for real.

Here again it really is not the subject tips given here that are considered effective if we apply them here but what is here but can reduce my passion here by ourselves then we have to control before trading and not let control here and it The only downside is that if everything is prepared before starting a business here, I guess what kind of cheating would be so complicated.

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Quote from: darewaller on April 09, 2022, 03:10:34 AM

Even experts would have hard time in bad market's it is easier to make a profit during bull run, experts can make a profit during bear runs as well and not just bull runs but even they have hard time finding profit during that time as well. How could you make money when the prices are going down?

During the bearish trend, making a profit is usually a hard thing to do. For anyone to be able to make a good profit at times like this would require a lot of skills and being good at it. But during bullish trends it is easier for everyone to make profit.

Most of the times I just choose to go long-term because short-term trading is usually not that easy as some people would think. For you to be able to be making profit on a short-term requires a lot of dedication and having good knowledge of trading. But long-term doesn't need that much effort , though you still have to know how to read the chart and predict where the market is possibly heading to next.

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Quote from: Iadegbola34 on April 10, 2022, 06:25:21 AM

Quote from: Rruchi man on March 26, 2022, 11:07:46 AM

- When you are emotional unstable.

To be a successful trader, i believe one you should never make a financial decision based off emotions or impulse. So yeah, never trade when you're emotionally unstable

Apart from the emotions , you need to trade with the chart which is the technicality of the market. Many traders fall for their emotions and jump into the market when they see one candle "dancing to their expectation". Our emotions often times play a fast one on us and we take risk not worth it. If the risk we are taking doesn't have high probability or potential of bringing profit then it is not worth it.

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I would like to shed more light on the part of being emotionally unstable. No matter which day it is, if you are not emotionally stable, your mind wouldn’t be there to make the right decision. Even if the market is in a good position for you to trade, you wouldn’t still be able to figure out things because your mind wouldn’t be at the right state to do that.

So, it’s really good for us to know when we are not in the right state of mind to do things like this. Whenever I feel that my mind is not in the right position to trade, I just stay completely out of the market because I know that whatever I’m doing is going to be just a total waste of time.

Topic: Understanding "When" to trade. (Read 849 times)