Understanding "When" to trade. - page 7.

goaldigger

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

Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.

Holidays are usually a down trend, so you can just wait for the price to stabilize before you trade.

Major events will still depend if its a good new or a bad news but for sure the market will always react so watch out for this.

In trading you must learn how to control your emotion, this can help you succeed and have a good trades, this is very important. Though in general, there’s no perfect time to trade because you can do that anytime, maybe it will always depend on your strategy and the result of your analysis.

rhomelmabini

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I don't think there's a perfect timing when to trade, it's always not perfect. I mean you can't find a perfect timing when to trade, crypto is too volatile and it fluctuates too often. You may think as if always has no timing when to trade in the crypto market, no idea on the forex as I'm not familiar with it.

Oilacris

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

- When you are emotional unstable.

When you are dealing with crypto market then this is the only thing that i do agree on, on which you do know to stop when you are in this state and the rest would only be applicable on Forex/stocks

trading on where it does have some fix weekly opening of the market unlike on crypto which is open 24/7 and i dont believe about patterns and things related to it specially into this market
on which it is totally unpredictable and random which anytime could be a best time for you to get in.So for something like this then you would really be boggling up your mind
in between their differences.

Sterbens

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Because a person's trading preferences certainly have different angles and readings of conditions. As for me, there is no exact time benchmark and can really determine when and what days to avoid. Because for most other traders, while their analysis says that prices are open to entry in a short time span, then they definitely will. The market runs 24 hours non-stop, but it's only about volume at any given time that makes the difference. It is also always adjusted to the condition of the news that is obtained.

palle11

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Quote from: jackg on March 26, 2022, 12:37:01 PM

My issue with trying to trade high volume and volatility on shares is that the markets we have (it could just be the facilitators I use) don't have the speed to actually cope with high volume trading so orders take a few seconds to go though (which becomes problematic in high volatility as you can end up with the price moving too far from your entry and too close to your take profit before it's been processed by the server).

This issue do happen during volatility especially when high impact news is released, yes I confirm that. At this time I think it is a general problem with the platforms transmitting the trade. It is a general platform issue that appears like it seize movement in the platform. Sometimes it appears as no network. Lol this time is not funny when you have already jumped into the market and trying to make some adjustments in your order or to set your stoploss. This is better that we already set stop loss before jumping in to avoid jumping out with empty capital lol. In such volatile times, using buy stop or sell stop can be better and you have the time to set your stoploss.

jackg

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Quote from: mk4 on March 26, 2022, 12:16:42 PM

Quote from: teosanru on March 26, 2022, 12:07:47 PM

Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

It basically comes back to the fact that not everyone trades the same and each person has their own strengths and weaknesses, and this may be one of them regardless how obvious it is for you. Tongue

And yeah I do the same with forex. Most markets I'll wait about 3-5 hours after something significant happens (eg news or market open) before even considering going back to look at the charts.

My issue with trying to trade high volume and volatility on shares is that the markets we have (it could just be the facilitators I use) don't have the speed to actually cope with high volume trading so orders take a few seconds to go though (which becomes problematic in high volatility as you can end up with the price moving too far from your entry and too close to your take profit before it's been processed by the server).

palle11

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Quote

- On holidays.

Yes I agree with what you said on the holidays. I realize that holiday is a risky day to trade and market usually go on one direction and stays on that direction almost all the day of the trading till the next day. It is risky because if you enter a wrong direction, you will not come out from it and can regret by losing your capital. The reason also for the market to stay one direction is no orders coming in from the opposite side and therefore no volatility is created to change the direction. Staying out is better during holidays.

mk4

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Quote from: teosanru on March 26, 2022, 12:07:47 PM

Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

It basically comes back to the fact that not everyone trades the same and each person has their own strengths and weaknesses, and this may be one of them regardless how obvious it is for you. Tongue

Rigon

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This is a very important issue when you trade. You will only trade when you see that the market has moved down a lot and then the market has moved up a bit.Start your trading in such a situation. I have seen a lot of times the market goes up a little bit after coming down a lot.And especially when there is any good news you will start trading. People trade the most at that time.

teosanru

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Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

Rruchi man

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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.

Topic: Understanding "When" to trade. - page 7. (Read 849 times)