- 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 
Topic: Understanding "When" to trade. - page 2. (Read 783 times)
- On holidays.
I think that to operate I have a different way of operating, for example at this moment I am not operating because in reality I do not know what could happen in the market, it would be crazy to enter the market trying to guess, and it would also be very irresponsible, this insecurity lies in me because of the fundamental cause of the war between Russia and Ukraine.
For now there are many traders who have another vision of the market, and they are operating, those who are chartists are guided by their way of operating with their figures, otherwise those who are fundamental analysts have a higher rate of being able to lose, this is what which makes it difficult to misunderstand the market.
For now there are many traders who have another vision of the market, and they are operating, those who are chartists are guided by their way of operating with their figures, otherwise those who are fundamental analysts have a higher rate of being able to lose, this is what which makes it difficult to misunderstand the market.
Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.
What do you mean by 'not to trade' here? Not sell your coins?- On holidays.
- During Major news events.
- When you are emotional unstable.
Honestly, I don't care whether holidays or weekdays, minor events or major events, emotional or not. As long as I see the price meets my target, then I will sell my coins. The decision to sell or buy is never based on those things, I prefer to sell or buy because of the current trend or the current price of the coins. Our goal is only 1, it is about the profits, not anything else.
or able to accumulate which is most likely be preferring on cheap or red times or bearish where chances on making profits with volatility is likely.The main question is on how
to identify the bottom because this is something that we do really always question or asked about.We could see it on technical aspects but we know that market
could easily fucked up these analysis but its not bad to have some basis rather than have nothing at all.
And at the end of the day, it depends on your financial needs. Holidays or other major events won't matter in your trading activity if you do need your funds. But if you can wait and want to take advantage of what is happening in the market, you will closely follow the updates and news surrounding the crypto market. Because that will give you insights on when to move your funds or if you need to exchange it to other alts.
Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.
What do you mean by 'not to trade' here? Not sell your coins?- On holidays.
- During Major news events.
- When you are emotional unstable.
Honestly, I don't care whether holidays or weekdays, minor events or major events, emotional or not. As long as I see the price meets my target, then I will sell my coins. The decision to sell or buy is never based on those things, I prefer to sell or buy because of the current trend or the current price of the coins. Our goal is only 1, it is about the profits, not anything else.
or able to accumulate which is most likely be preferring on cheap or red times or bearish where chances on making profits with volatility is likely.The main question is on how
to identify the bottom because this is something that we do really always question or asked about.We could see it on technical aspects but we know that market
could easily fucked up these analysis but its not bad to have some basis rather than have nothing at all.
Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.
What do you mean by 'not to trade' here? Not sell your coins?- On holidays.
- During Major news events.
- When you are emotional unstable.
Honestly, I don't care whether holidays or weekdays, minor events or major events, emotional or not. As long as I see the price meets my target, then I will sell my coins. The decision to sell or buy is never based on those things, I prefer to sell or buy because of the current trend or the current price of the coins. Our goal is only 1, it is about the profits, not anything else.
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.
Trading strategy for me does not define the day. Seeing the market is down with a red percentage is better, for daily trading I control when the market is down. I often use my spare time to see market movements, I don't specify a weekly analysis. The analysis I do is with a stable market movement. Some of them often move within 2 to 5 days. With repeated analysis, profits can be maximized properly.
I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.
At that point it might be better to hodl.
If you calculate the trading fee into your profit beforehand, then you should be doing fine. I had a friend who used a bot that did profit no matter how much, like even if it was 1 satoshi profit, it was still a profit and it calculated the trading fee as well, so even though he did thousands of trades in a single day because of the small "sell as soon as it is in profit" method, he still paid a ton of trading fee and never had any problems considering it calculated that in.At that point it might be better to hodl.
The only reason he stopped was the fact that he made good profit but not great, whereas when he bought something that went down, he had to keep it for way too long and lost a lot if he wanted to get out.
I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.
It's up to you as a trader. Strategies may vary depending on the situation. If what you are doing is working well, you'd supposed to continue doing it. However, we can't give assurance to those who want to follow this strategy as we can't hide the fact that sometimes it won't work for the other person. Why?
* it is because it varies in decision-making
* it is because we are not using the same coins or an exchange
* Personal behavior has a huge significant effect on our trade
Even OP will do as you've said, can't also expect you've got the same result and see him being successful just like you.
Well no, it does not vary. it is simple mathematics. The probability of a trading making a profitable trade goes down with his trading frequency. If you for example tried to catch every single dip and sell every single top just to make a tiny profit then you would still have a higher probability of making losses, not profits.
Lets say you would still be trading 18x a day. Thats 504x a month which equates to over 100% loss of your holdings if we go by a regular 0.2% trading fee. (This means: if you make no profits, you will have no money left after the last day of the month to trade).
So you have to make 3.6% a day to only even out the trading fee losses. Nobody is making 3.6%+ every day. I don't care how good you are.
Your logic of profit percentage as an exponential function hits a dead end at the unpredictable nature of the market.
I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.
It's up to you as a trader. Strategies may vary depending on the situation. If what you are doing is working well, you'd supposed to continue doing it. However, we can't give assurance to those who want to follow this strategy as we can't hide the fact that sometimes it won't work for the other person. Why?
* it is because it varies in decision-making
* it is because we are not using the same coins or an exchange
* Personal behavior has a huge significant effect on our trade
Even OP will do as you've said, can't also expect you've got the same result and see him being successful just like you.
As a trader, we do have our own preferences and market strategies when to trade. Of course, we do it with the right timing or when the market is not showing negative conditions or when your emotions are not unstable. Otherwise, we end up doing bad trades that will only result into losses because we insist to trade despite of how unstable the market is. However, if you are an expert in trading, regardless of how the market behaves, you will always find time to make your trades successful.
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?Two options, you either play the long con and end up buying more and more when it is going down so that you would do DCA and profit later on, which is long con but you do make a profit. Or you could simply go with the short futures deal and just short bitcoin when it is going down and hope that you would be right when the time comes, that would allow you to make a bigger profit but it is quite difficult.
I usually trade on Sunday,Monday and Tuesday and other day I just watch the market or waiting for low price entry. I feeling comfortable in these mentioned days because Bitcoin price in these days reamin stable and altcoin give profit in day trading. Wednesday and Saturday are very bad days for day trading especially for those who trade altcoin.
Some big News rumour is good to take entry because these news can turn market bullish and you can make short term profit there. There is risk but more chances that you will get profit.
Some big News rumour is good to take entry because these news can turn market bullish and you can make short term profit there. There is risk but more chances that you will get profit.
Everyone has their own choice of when is the best day to trade, just like you have a certain day that you think is profitable. So you do it comfortably
and according to the strategy you use, so you can make a profit from the trades you do. But not necessarily other people follow all the steps you do
will experience the same success, because everyone has different trading knowledge and skills. So we have to learn to trust our own trading abilities
to be able to make a profit. I have friends who make more profit when trading on weekends, which for most people is very difficult to make a profit
when trading on the weekend. Because my friend has an effective strategy if used on the weekend, so don't be too influenced by other people when
trading. Because only we ourselves know what is best to do, so learn more and practice trading, so that we know when and what strategies are suitable
for us.
Knowing the HOW to trade is one thing, another is knowing the WHEN
True enough. So far, many newbies are asking about how to trade successfully but they forget about something important, that is the time. We may want to trade and make more profits, but sometimes it is not the right time for trading, they mostly don't know when to start, only following and they are not aware that they are new and need your own time after your are exactly ready.
Additionally, we can also see some other reasons that yime is also a matters for example trading on weekend and weekdays differences.
People most not agreed to trade on weekends.But why you refusing the good god giving opportunities.Because during weekdays,the people keep on buying with the money they getting.So the coin price was stable and increased.But in the weekend ,most of the traders had sell their crypto for their weekend expenses.So demand of coin reduced and price also reduced.
I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.
At that point it might be better to hodl.
At that point it might be better to hodl.
I usually trade on Sunday,Monday and Tuesday and other day I just watch the market or waiting for low price entry. I feeling comfortable in these mentioned days because Bitcoin price in these days reamin stable and altcoin give profit in day trading. Wednesday and Saturday are very bad days for day trading especially for those who trade altcoin.
Some big News rumour is good to take entry because these news can turn market bullish and you can make short term profit there. There is risk but more chances that you will get profit.
Some big News rumour is good to take entry because these news can turn market bullish and you can make short term profit there. There is risk but more chances that you will get profit.
- On holidays.
- During Major news events.
- When you are emotional unstable.
- Crypto doesnt always react on holidays yet movement could neither happen into those times or totally in random basis.
- Crypto is highly reactive to fundamentals and news specially if something is in related neither its a shill or a fud.So better watch out on making further step.
- This is the right time that you should stop, you arent on your right mind when you are emotionally disturbed because this would really result into mistakes.
Learn when to trade is something that talks on getting involvement when you do see an opportunity and this would really vary on each person.
I totally agree with you that investment gives out more profit than trading and in trading, a losing day for one trader is a profit day for the other trader and it keeps going like that in circles until someone account is blown away lol. Trading isn't easy to tell the fact but with experience and good money management with emotional control, it can be better or fair compared to daily job as employee.
Trading and investing actually have the same goal where they both expect profit from the activities they do. But I might also agree that in the long term, investments are much more likely to allow the perpetrator to earn better returns if the chosen asset is a potential asset like bitcoin or a top altcoin. Trading appears to be much riskier to price volatility especially if done for a short period of time, but it still depends on individual interest because in reality traders can also make thousands of dollars on their trading cycle if they have strong capital.I personally tend to prefer investing over trading, I can control my emotions better and maintain my long term projections on the assets in my portfolio.
Swing trade doesn't guarantee that there will be profit at the end of the trade. Trading as swinger is just a pattern that the trader choose and it can fail just like any other type of trade strategy. It is about knowing when to rightly enter the market despite the trading style used because a wrong order will result into loss.
Trading brings less profit than investment. Most of traders end with losses and more investors earn profit than traders. However, whatever you do in the market, it's a zero-sum game so it means that money will flow to smart traders or smart investors to non-smart ones.Losers in the market are not actually not wisely. Sometimes, losers are smart but they are lack of control on their emotion or lack of discipline. They are two most important characteristics must have for winners in the market.
I totally agree with you that investment gives out more profit than trading and in trading, a losing day for one trader is a profit day for the other trader and it keeps going like that in circles until someone account is blown away lol. Trading isn't easy to tell the fact but with experience and good money management with emotional control, it can be better or fair compared to daily job as employee.
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