For me, in my personal opinion, I do not advise operating, the reason is simple, we are in the middle of a war between countries that can be escalated to be worldwide, this would cause a huge panic in the investors, which they would not hesitate to sell at whatever price , thus causing a dump worldwide because every investor wants to put their money in a safe haven and this is something that is understandable, however there are ways to operate for now, and I think it is knowing how to carry and be up to date with what is happening in the war, if you take advantage of the movements of the war, you can take advantage of it, just like the btc is doing, which is gradually increasing.
Topic: Understanding "When" to trade. - page 4. (Read 865 times)
I don't have enough certain time frame for trading because I always wait for market down for purchasing coins and wait for market ups for selling my investment coins for a better price and profits...
The style of trading that you are into is what is called a long term trading. A lot of people do go for this type of trading because it is far much easier for them to get into, and you wouldn’t have to worry yourself much like someone who is trading the market on a daily and having to take a lot of risks.Another good thing about long term trading is that you can decide to use the DCA (Dollar cost averaging) method and keep increasing the number assets that you have and as the number gets high, you will be able to make a better profit if in case the market should go high in the future.
I guess most of us are using the same strategy! I am not into day trading for years, except for occasional fun with some tokens I have, simply day trading was more loss than profit for me! But when I started waiting for the market to make a spike and to trade in those moments is when trading became profitable for me! Since I am in the trading crypto market was in many bearish/bullish periods, sooner or later a change happens, we just need to be patient!
Barbara, I can't agree more with DCA's strategy! Math is simple here, who is using this strategy with top coins must be in serious profit by now! And I believe that the crypto market will develop even more, so DCA should work fine for the future!
I don't have enough certain time frame for trading because I always wait for market down for purchasing coins and wait for market ups for selling my investment coins for a better price and profits...
The style of trading that you are into is what is called a long term trading. A lot of people do go for this type of trading because it is far much easier for them to get into, and you wouldn’t have to worry yourself much like someone who is trading the market on a daily and having to take a lot of risks.Another good thing about long term trading is that you can decide to use the DCA (Dollar cost averaging) method and keep increasing the number assets that you have and as the number gets high, you will be able to make a better profit if in case the market should go high in the future.
-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.
Cold money = unused money, excluding savings and necessities. It is one of the determinants of emotional stability. FUD and FOMO will always be there even in Bitcoin though, but how to react to it is the most important thing, our emotions are sometimes damaged after hearing FOMO or FUD from a well-known influencer analyst, to avoid this I suggest to be sure of the results of your own analysis , because this is able to stabilize our emotions in making decisions in trading. Even long term.
For me, I know for sure that i do not like to trade on Mondays because that's when i take analysis to know which way the market will go for the week. Trading days for me are usually on Tuesdays and Wednesdays, the market moves better on those days for me.
This sounds like a good tip for the beginners who look for perfect timing to get into. Usually clear trends which are confirmed by more than 2 different strategies are good to trade with. When you are good in strategy making and executing then you do not need to look for "days" as you get the power to make any day as a profitable day for you.Just focus on your skills and crypto trading is available on all seven days a week which means you can earn better than any other market here.
- On holidays.
- During Major news events.
- When you are emotional unstable.
For a technically sound trader, holidays are more preferred days; because you can easily predict the direction of market out of lesser volatility. I agree with other 2 things, I myself do not trade on those two. - During Major news events.
- When you are emotional unstable.
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.
I dont agree with not trading on major events.
Your trades only mean a number of buy/sell orders. You place them and watch the action as it unfolds. This patience should be there in every trader. During a major event your extreme buy/sell orders have a chance of getting filled and therefore your fiat<>bitcoin ratio changes in your holding. This is necessary for long term trading. Whenever the market falls you will buy and sell when it rises.
The extreme end orders are safer than the narrow end ones. Like buying at 30k and selling at 50k - pretty safe if you ask me, as compared to buying at 45k and selling at 47k.
Your trades only mean a number of buy/sell orders. You place them and watch the action as it unfolds. This patience should be there in every trader. During a major event your extreme buy/sell orders have a chance of getting filled and therefore your fiat<>bitcoin ratio changes in your holding. This is necessary for long term trading. Whenever the market falls you will buy and sell when it rises.
The extreme end orders are safer than the narrow end ones. Like buying at 30k and selling at 50k - pretty safe if you ask me, as compared to buying at 45k and selling at 47k.
Every trader should make sure that they really understand themselves and how things would really work for them. I do see traders who are trading on a daily, and they are able to make profit. Maybe I would say it's because they have better skills, and like you have said anyone who is trading should only go in at the time when they feel it is right for them to do so, so I believe that these people will also be doing the same. So, it’s all about what you can do, just stay at that.
Then I would like to add that it is very important that we keep our emotions in check, and know when to trade. If we are having a bad day, it is very important that we avoid trading, because most times our mind would be messed up and we wouldn’t be able to focus enough to be able to trade perfectly.
Then I would like to add that it is very important that we keep our emotions in check, and know when to trade. If we are having a bad day, it is very important that we avoid trading, because most times our mind would be messed up and we wouldn’t be able to focus enough to be able to trade perfectly.
-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.
in trading do not let emotions control us and it will only make us lose,
obviously prepare everything before starting to trade because crypto trading is very complex
-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.
-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.
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.
There's always the right timing to trade, and you should have known it before you start trading. But you can't expect for a perfect trade, your trade will only be successful if you trade with the good analysis of the market and you trade with your own proven strategies. Otherwise, you will only lose in trading because you insist to trade despite of the negative market condition, or you end up trading with the wrong coins or the hyped coins.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.
I don't have enough certain time frame for trading because I always wait for market down for purchasing coins and wait for market ups for selling my investment coins for a better price and profits...
^ Because the fact is there is no way to predict when the market is down or up, it is always an unpredictable market movement. People should understand first the market situation and know the possible movement of BTC even though it is unpredictable but if you are in the market for quite a while, probably it is easy for your to guess when and where is the right time to trade and invest. I know there is no way to know when is the perfect timing of buying and selling BTC but if you will set and technical and fundamental analysis you will not get far form your prediction.
I don't have enough certain time frame for trading because I always wait for market down for purchasing coins and wait for market ups for selling my investment coins for a better price and profits...
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.
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.
There's always the right timing to trade, and you should have known it before you start trading. But you can't expect for a perfect trade, your trade will only be successful if you trade with the good analysis of the market and you trade with your own proven strategies. Otherwise, you will only lose in trading because you insist to trade despite of the negative market condition, or you end up trading with the wrong coins or the hyped coins.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.
I certainly agree, as long as the market is in good shape, we could trade freely but we shouldn't expect it to be done perfectly. Knowing technical analysis will always be an advantage but we should always consider the capability of the coin that we're trading especially its weaknesses so we'll know how to deal with them.
the most dangerous is when we are emotionally unstable and want to trade. this is certainly not recommended, because we cannot think carefully, so that in analyzing the market it is also less thorough. everything will be controlled by our emotions. and we know that psychology is the most influential in trading. many of us make mistakes when the rally comes and greed leads us to panic sell. seems simple but many people still make the same mistake
Knowing the HOW to trade is one thing, another is knowing the WHEN.
As a trader (crypto & forex), it is bad to trade every time the market opens up. The best and most profiting traders are not those that trade everyday, but take a targeted approach to trading.
For me, I know for sure that i do not like to trade on Mondays because that's when i take analysis to know which way the market will go for the week. Trading days for me are usually on Tuesdays and Wednesdays, the market moves better on those days for me.
Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.
As a trader (crypto & forex), it is bad to trade every time the market opens up. The best and most profiting traders are not those that trade everyday, but take a targeted approach to trading.
For me, I know for sure that i do not like to trade on Mondays because that's when i take analysis to know which way the market will go for the week. Trading days for me are usually on Tuesdays and Wednesdays, the market moves better on those days for me.
Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.
I agree partly with you. 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.
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eXch.cx - Automatic crypto Swap Exchange.
There's always the right timing to trade, and you should have known it before you start trading. But you can't expect for a perfect trade, your trade will only be successful if you trade with the good analysis of the market and you trade with your own proven strategies. Otherwise, you will only lose in trading because you insist to trade despite of the negative market condition, or you end up trading with the wrong coins or the hyped coins.
You can do everything right but still not have a successful trade. Even the professional lose at times. The market has its own mindset, so you have to be cautious of this while trading which is why we're advice to only go in with funds that are our spare and we'll be okay losing. I don't believe in any coin been a wrong coin, even the shitcoin can still be profitable trading if you know what you're doing. Investors hoping to profit in the long run are those that should dig dipper into a project before they invest into them.
As a trader you could do some basic research just to make sure you aren't trading scams or rug pull project then you can take advantage of the news surroundings the project and get out before it fades away. This style of trading is very risky and shouldn't be engaged by novice. The said wrong coin, we have traders that trade it successfully.
even though they have the same trading basis, namely buying at a low price and selling at a high price, but there are indeed differences in the characteristics of the trading time, where the forex market seems to be more regular with a news schedule that we can see in the forex factory, this is different from cryptocurrencies, which where the news was not shown before, and suddenly the price could pump very high. but both are the same in how to buy, namely buying while in the support area
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