Topic: Understanding "When" to trade. - page 3. (Read 828 times)
Regarding not trading on weekends, I also agree with you. I don't know if this is a coincidence or what, but based on my observations and experiences on weekends, the market will actually go down and on weekdays the market will rise again. This is why I prefer to make sales on weekdays and will buy coins on weekends. It's not quite accurate, but I've tried this method many times.And I enjoy this process because I like to do day trading instead of having to hold coins for some time. With day trading I can profit every week.
The "how" is important if we are getting started but for the "when"? I think that will mostly apply to you. In trading there are so called day traders and they are trading everyday. There are different types of traders other than that but no matter what they choose, as long as they are having a problem emotionally, they will always stop otherwise they will only lose.
Good for that you have a separate time for doing an analysis, that will relax your brain for a while and mixing analysis and trading all together can be really stressful. Not trading on holidays can make sense. You can treat it as a day off and not because you think that holidays have an effect with the price.
Good for that you have a separate time for doing an analysis, that will relax your brain for a while and mixing analysis and trading all together can be really stressful. Not trading on holidays can make sense. You can treat it as a day off and not because you think that holidays have an effect with the price.
Trading requires strategies and works on individuals differently, trading Bitcoin on weekends is just a No but I scalp altcoins if there is enough trading volume to consume large orders and not some shotcoins that will make you trapped. The best time I trade bitcoin is when Newyork exchange opens because of the effect of Bitcoin ETF, some times there used to be an open gap that traders naturally like to fill before the weekends and not just that, Bitcoin do get attached to traditional stocks like Dow J and S&P 500.
Strategies may vary and so the results. Day-trading, scalping, etc., will choose the option and strategy that we think will work perfectly or at least. I'd also consider special events when trading and many factors to consider, however, this never means that we are safe and profitable with this strategy. Of course, choosing the coins we use for trading us really has a huge impact on the results.
I'd choose not to trade weekends, not even during the holidays seasons. I'd preferred when the market is very active and when the trade volume is high.
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 am agree if we should not trade everyday but as should not miss any opportunity that occur in market. maybe you use swing strategy so make rare trade but have high profit probability.
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 requires strategies and works on individuals differently, trading Bitcoin on weekends is just a No but I scalp altcoins if there is enough trading volume to consume large orders and not some shotcoins that will make you trapped. The best time I trade bitcoin is when Newyork exchange opens because of the effect of Bitcoin ETF, some times there used to be an open gap that traders naturally like to fill before the weekends and not just that, Bitcoin do get attached to traditional stocks like Dow J and S&P 500.
I wasn't a day trader nor full-time, I was just seasonal. I was doing trading if the market is in good condition and of course, not in the bear season. It was good to have a good entry upon trading like to see that after buying we can sell them. That is why we could notice that during the bullish season a lot of traders had come as this was the perfect time for this. Well, of course, the chance to gain is high compared to doing this during the bear season or corrections.
A reason why we should have to analyze the market first, study the market trend, and have an idea of what next is possibly going to happen.
isnt it in bearish market also give us alot entry opportunity while bearish structure clearly formed. i am agree if we should not trade everyday but as should not miss any opportunity that occur in market. maybe you use swing strategy so make rare trade but have high profit probability.A reason why we should have to analyze the market first, study the market trend, and have an idea of what next is possibly going to happen.
is it bearish we can still get profit?, because as far as I know it will be very difficult to do when the market is bearish,
I have experience in 2017 when the Bitcoin price bubbled and almost 3 years bearish, so what?
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I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.
I think, it will be difficult for such trader to experience losses from the market because he always follow the price of the market to know when to trade at the moment to make a good profit or not to trade at the moment not to experience failure in the future. Following the price of the coins to trade is more favorable than following days or holiday to trade because through the price of the coin you can be able to determine, if the market is good to trade to make a good income or if the market is not good for trading.
Many coins has increased higher few days ago which will be a good choice for traders to start trading to have something good to achieve in this season.
I wasn't a day trader nor full-time, I was just seasonal. I was doing trading if the market is in good condition and of course, not in the bear season. It was good to have a good entry upon trading like to see that after buying we can sell them. That is why we could notice that during the bullish season a lot of traders had come as this was the perfect time for this. Well, of course, the chance to gain is high compared to doing this during the bear season or corrections.
A reason why we should have to analyze the market first, study the market trend, and have an idea of what next is possibly going to happen.
isnt it in bearish market also give us alot entry opportunity while bearish structure clearly formed. i am agree if we should not trade everyday but as should not miss any opportunity that occur in market. maybe you use swing strategy so make rare trade but have high profit probability. A reason why we should have to analyze the market first, study the market trend, and have an idea of what next is possibly going to happen.
I wasn't a day trader nor full-time, I was just seasonal. I was doing trading if the market is in good condition and of course, not in the bear season. It was good to have a good entry upon trading like to see that after buying we can sell them.
i called it as sniper which is trade only on golden moment in market, and it is really need our patience waiting this moment. not all traders could do the same thing with you. maybe i called it "better lossing moment than losing our money" . maybe one trade position could give us more than 50% , less trade but better in quality. I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.
your trading system teach us how our patience will rewarded well. take only coins or token with high probability by research and analizing many coins. most of traders didnt do this, they trade careless and want instant money from market till finally forget about trading plan.
I wasn't a day trader nor full-time, I was just seasonal. I was doing trading if the market is in good condition and of course, not in the bear season. It was good to have a good entry upon trading like to see that after buying we can sell them. That is why we could notice that during the bullish season a lot of traders had come as this was the perfect time for this. Well, of course, the chance to gain is high compared to doing this during the bear season or corrections.
A reason why we should have to analyze the market first, study the market trend, and have an idea of what next is possibly going to happen.
A reason why we should have to analyze the market first, study the market trend, and have an idea of what next is possibly going to happen.
I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.
do you trade on the spot market? Or do you just focus on futures trading? it seems that if you don't spend capital on the spot it will be in vain, seeing the price of altcoins is currently falling,
are you not interested in the current price?
I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.
Many traders had been facing difficulties when they are emotional stress and a reason for not making good decisions but mostly wrong. This kind of sentiment implies that it was best to do trading "If we are totally in Good more". And based on my experience, I was totally focused on what I do and definitely, the result are great. And there is one thing I'd notice, having peace of mind gives us a brighter idea. I believe that trading in good mode eventually becomes more effective and has bigger chances of profit.
I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.
For those thinking timing isn't a necessity for having a successful trade they should have a rethink. You don't go trading when the news is out there of some negative directives been issued towards the industry. You can only end up losing as the market will be moving in an opposite direction to your calls
this situation only favours you when you're probably shorting then will the market move to your calls.
As a trader you must not follow all the guidelines given by the OP and by others on thread as you have to look for what best works in your favor and those suggestions mightn't. Trading is about developing a strategy that suits you and trade consistently until your perfect those strategy and become a professional yourself. One common mistake the average traders do in this industry is trading hype/new coins especially on the day of listing.
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. this situation only favours you when you're probably shorting then will the market move to your calls.
As a trader you must not follow all the guidelines given by the OP and by others on thread as you have to look for what best works in your favor and those suggestions mightn't. Trading is about developing a strategy that suits you and trade consistently until your perfect those strategy and become a professional yourself. One common mistake the average traders do in this industry is trading hype/new coins especially on the day of listing.
Knowing the HOW to trade is one thing, another is knowing the WHEN.
It all depends on how much time you can devote to trading. And if this is the main source of income for you, then you will not pay attention to what day of the week it is, you will constantly monitor the market and open orders accordingly. If you have an office job and trading is an additional income for you, then it is enough for you to focus your efforts on medium-term trading.
The explanation additionally for the market to remain one course is no requests rolling in from the contrary side and accordingly no unpredictability is made to adjust the course. This is better that we previously set stop misfortune prior to bouncing in to try not to leap out with void capital haha. In such unstable times, utilizing purchase stop or sell stop can be better and have opportunity and energy to set your stoploss.
Knowing the HOW to trade is one thing, another is knowing the WHEN.
It all depends on how much time you can devote to trading. And if this is the main source of income for you, then you will not pay attention to what day of the week it is, you will constantly monitor the market and open orders accordingly. If you have an office job and trading is an additional income for you, then it is enough for you to focus your efforts on medium-term trading.
Trading how is one of the things but trading when is definitely where many of us fail.
I can say this from my own experience because I have made some terrible entries and exits which is why I have encountered losses many times.
Other than that, I don't think that there has to be specific days for trading because the crypto market is really unpredictable and we can see trends change quite often.
So rather than waiting for specific days to trade I would rather wait for the opportunity to arise anytime but wait for that moment to make the right trades at the right time.
Not that I am really good at it but I am trying to improvise.
You could fail when trading, that is a fine thing and there is nothing wrong with that. But, you should also learn how to get better when you fail, that is the gem there. If you lose money when trading, but learn why you lost money there, then you should be able to not the same mistake again.I can say this from my own experience because I have made some terrible entries and exits which is why I have encountered losses many times.
Other than that, I don't think that there has to be specific days for trading because the crypto market is really unpredictable and we can see trends change quite often.
So rather than waiting for specific days to trade I would rather wait for the opportunity to arise anytime but wait for that moment to make the right trades at the right time.
Not that I am really good at it but I am trying to improvise.
This should allow you to earn a good amount of money and would allow you to get better. Doesn't mean that you shouldn't really change the way you trade, just means that you should learn how to get better in the long run. I personally failed many times when trading, and still failing time to time but I realized my mistakes and ended up getting better in the long run.
Yes ofcourse. Learning from mistakes is a skill that not everyone has or can master. It comes only with experience.
What most newbies do is that they keep repeating the same mistakes over and over again and thus lose all their money.
Then they blame on crypto and it's volatility because of their own mistakes rather than improvising themselves.
This is why they say that most of the active traders lose money than make money.
they had encountered which it is really totally opposite for someone who had done the opposite too on where you should learn from your mistakes and trying to find out on where things go wrong.
Timing is everything although it could not be precise anytime but at least your profitable trade chances or stats is higher which does indicate that you are doing a good job.
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- 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.
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