Topic: Wait for the right set-up (Read 1238 times)
It's good to wait for the right set up always, but it also depends on your strategy and how often it appears on the chart. I have a trader that did 100 trades I three weeks. That's based on his strategy, so it all depends on your strategy and how it's working for you.
Too many people forget that we should be considering how to make some money based on whatever we know, not what we are doing. I think it's quite clear that a lot of people will forget to make sure that they are not going to end up with anything that will be profitable on the long run. So, we need to make sure that things are not really that easy to handle, and we can do much better with time.
If we rush into making a profit, or try to rush into it, then we are going to end up with a loss that we are not happy with at all. This is why we need to keep it calm, and not rush, because rushing will cause a ton of trouble, and won't be really that nice at all. I hope that people will get a better result with time, we need that for sure.
If we rush into making a profit, or try to rush into it, then we are going to end up with a loss that we are not happy with at all. This is why we need to keep it calm, and not rush, because rushing will cause a ton of trouble, and won't be really that nice at all. I hope that people will get a better result with time, we need that for sure.
Tradig is imporat for the market palce. It connet the all people. If tarding process one step wrong you will be lose the all money. Wait for the taring process. If don't know about the tarding don't invest wait for the some time for the investment. Market prices is not perment one. It any time to chage. Market proces will be go down that time is correct time to trad. But choose the correct one for invest the money.
We cannot be greedy in any way while trading. If ever the thought of greed comes to mind then we should refrain from trading. Spending extra time behind trading can lead to huge losses. Yes no one can ever profit from trading every day. Sometimes there will be profit and sometimes there will be loss. We have to accept them. If we can't accept them, then we will never be able to profit from trading. People who start trading in new situations often risk all their money because of small mistakes. So we have to look at these so that we don't risk our money for any small mistake.
Of course, greed is not very good in any case, especially in terms of trading, because it will be difficult for someone to make a profit from trading if they do it greedily because most of them trade greedily, of course they no longer analyze the market well so they will not be able to make a profit. profits from the trades they make.For some people who have just started trading and using all the funds they have, of course this will be very risky because they don't understand what they are doing well and for some people who have just started it would be better for them to try with a little capital so they can still survive. and correct when making mistakes in trading.
If you are a short or daytrader or scalper then this one would really be that relevant.For those who do hold then they won't really care much or won't really mindful about this in regard.Maximum profitability will really be depending on how well you do make out decisions in regards about entry and exits.
We cannot be greedy in any way while trading. If ever the thought of greed comes to mind then we should refrain from trading. Spending extra time behind trading can lead to huge losses. Yes no one can ever profit from trading every day. Sometimes there will be profit and sometimes there will be loss. We have to accept them. If we can't accept them, then we will never be able to profit from trading. People who start trading in new situations often risk all their money because of small mistakes. So we have to look at these so that we don't risk our money for any small mistake.
Of course, greed is not very good in any case, especially in terms of trading, because it will be difficult for someone to make a profit from trading if they do it greedily because most of them trade greedily, of course they no longer analyze the market well so they will not be able to make a profit. profits from the trades they make.For some people who have just started trading and using all the funds they have, of course this will be very risky because they don't understand what they are doing well and for some people who have just started it would be better for them to try with a little capital so they can still survive. and correct when making mistakes in trading.
There is no such thing as 100% percent in trading, the same way you will gain here, the marketplace will force you to lose in the same way. Because when you make a lot of profit, you open a large trade, then the market will make you lose. If you survive wisely here in the market you can survive long. Besides, you can never last long in the market. How many dollars will you lose per day and how many dollars will you profit per day. Be sure to identify these limitations.
We cannot be greedy in any way while trading. If ever the thought of greed comes to mind then we should refrain from trading. Spending extra time behind trading can lead to huge losses. Yes no one can ever profit from trading every day. Sometimes there will be profit and sometimes there will be loss. We have to accept them. If we can't accept them, then we will never be able to profit from trading. People who start trading in new situations often risk all their money because of small mistakes. So we have to look at these so that we don't risk our money for any small mistake.
In trading generally, what makes you stands out as a profitable traders is mostly the ability to control your emotions, though their are other things that are also important that you must know as a trader that is also important, but know one thing, if you have the knowledge of technical and fundamental analysis, you know how to manage your risk properly, you are also patience, but you don't know how to control your emotions, bro, you are doon to fail, because lack of emotional control will disorganize you, that you will start questioning what you already knows that it's the right thing to do, so controlling your emotions like fear and greed is very much important to navigate your way in trading, if not you can't be a profitable traders.
Lastly, about the topic of discussion, waiting and trading only the right set-up is the key to be profitable in trading, because trading is like hunting, you have to wait patiently to make a kill, once you start treating trading as such, that's when you will start getting a better result.
There is no such thing as 100% percent in trading, the same way you will gain here, the marketplace will force you to lose in the same way. Because when you make a lot of profit, you open a large trade, then the market will make you lose. If you survive wisely here in the market you can survive long. Besides, you can never last long in the market. How many dollars will you lose per day and how many dollars will you profit per day. Be sure to identify these limitations.
We cannot be greedy in any way while trading. If ever the thought of greed comes to mind then we should refrain from trading. Spending extra time behind trading can lead to huge losses. Yes no one can ever profit from trading every day. Sometimes there will be profit and sometimes there will be loss. We have to accept them. If we can't accept them, then we will never be able to profit from trading. People who start trading in new situations often risk all their money because of small mistakes. So we have to look at these so that we don't risk our money for any small mistake.
Yeah the market is unstable as there are people who keeps placing their position to whatever they think it influence the situation though we don't have that capability to accurately predict the next market movement but with instinct and understanding we do place our investment and wait till the market turn in our favor.
As you mentioned about greed, we should not be control by that an emotion that will lead us to suffer from losses, as instead of closing your trade you will choose to ask for more, ending up losing your suppose winning position.
There is no such thing as 100% percent in trading, the same way you will gain here, the marketplace will force you to lose in the same way. Because when you make a lot of profit, you open a large trade, then the market will make you lose. If you survive wisely here in the market you can survive long. Besides, you can never last long in the market. How many dollars will you lose per day and how many dollars will you profit per day. Be sure to identify these limitations.
We cannot be greedy in any way while trading. If ever the thought of greed comes to mind then we should refrain from trading. Spending extra time behind trading can lead to huge losses. Yes no one can ever profit from trading every day. Sometimes there will be profit and sometimes there will be loss. We have to accept them. If we can't accept them, then we will never be able to profit from trading. People who start trading in new situations often risk all their money because of small mistakes. So we have to look at these so that we don't risk our money for any small mistake.
because trading is more of patience and knowledge.
Losing in trading depends on your strategy and your knowledge because when you are using a strategy and you stick to it, you will find it very difficult to lose more often, but when you are a trader but are so greedy to that extent, then you have to be ready to face more losses because you will find it hard to stick to your strategy. That is one of the things that many fail to understand and view trading as a space where you will have more losses if you do it frequently, but it doesn’t work that way, although many have their own personal understanding and view of trading. That is why we usually have differences in profit, so more knowledge should be possessed as long as you are ready to trade bitcoin.
The question is that how many traders are ready to be patient ? Right set up takes time and what most people do is try to think for the market as to quesing the next moves and then something else happens which takes them out of trade most of the times Everyone makes this mistake and that's just how it is. It's the patience to wait for the set up to fully play out that matters. Patience is a key for traders.
Alot of people do not have patience like beginners that have not experienced too many defeats when trading, they will always think that they can not lose until it happens to them. If we do not want to wait for the right set up we would not make profits while trading. Waiting for the right set up is something every trader that is winning does and professional traders will tell you this because that is what my mentor also told me when he was starting my lecture on trading, you can not just enter the market anytime that you like without doing some proper research. Trading without researching only means you want to be losing because the market will always go against you.
-snip-
It would really be that a matter of choice on this aspect because there are ones who would really be that making up some considerations on investing or trading up with those coins which their prices is already at the floor and making up some consolidation but usually on exchangers then its really that true that there would really be that possibility on getting delisted but of course you would really be needing to check their trading volume as well because the main coins/tokens that getting delisted are to those coins which arent that getting that much volume on which it would be normal that exchangers would really be delisting them.
Trading volume and market cap are certainly important benchmarks in analyzing which ones are worth trading for or which ones are not - so both of them will be indicators that you need to consider before trading or investing.
This is why it would really be that situational since not all would really be that experienced enough in between their decisions that they are making on which there are ones who would
really be that having that kind of good approach and there are ones who would really be making out the opposite and this one would really be basing up on the knowledge and experience
that you do have towards this market on which it would really be always reflecting out.
Yes - I understand you well, so this is just part of the teaching for me personally and may also be useful for other users. Traders' experience, knowledge and approaches certainly vary - but one should not consider other users' strategies as financial advice without doing their own research.really be that having that kind of good approach and there are ones who would really be making out the opposite and this one would really be basing up on the knowledge and experience
that you do have towards this market on which it would really be always reflecting out.
It would be normal that you would really be hunting or waiting up for the bottom. It would really be just that a normal approach to have on the moment that you would really be trying out to catch up
the possible bottom because we do know that when it comes to this aspect then we do really know that maximum profitability could really be obtained on the moment
that you do find yourself having that good entry and exits withing pumps and decrease of prices. If you do really know on what you are doing then you do have that kind of advantage.
People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.
But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.
Time must wait to take any steps. For example, now Bitcoin is trading at 55000 and whoever bought at 70000 is now in a hurry to get out of this loss. But Bitcoin is not a bullish coin because when it falls, it rises even more days later.But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.
Hence it is important to be patient and wait for the right time. We should not make hasty decisions. In every situation one should act wisely and patiently and if still there is loss, then luck is not on your side.
People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.
But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.
But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.
If traders could actually know the right time to sell and to buy, then they'd be in zero lost but 100% profited which is absolutely impossible.
Technical knowledges and analytical scalability in the trading market Is what gives traders the perception to gain riches and minimizes their lost in the market.
Actually not it's not all about continues trading that secures traders Interests but the capacity to understand the market does which gives you the perceive of when to sell, buy or hold.
The question is that how many traders are ready to be patient ? Right set up takes time and what most people do is try to think for the market as to quesing the next moves and then something else happens which takes them out of trade most of the times Everyone makes this mistake and that's just how it is. It's the patience to wait for the set up to fully play out that matters. Patience is a key for traders.
Most of those who only wants a quick benefits makes it like a guessing game, thinking that they can make decent profits when they manage to luckily find the next market movements, but in reality there' a need of patience and good understanding if how the industry works and how you can find the right position and the right assets to invest.
More on knowledge and trusting the process to properly set your target together with your limits, the chance is positive if you set things the right way.
The question is that how many traders are ready to be patient ? Right set up takes time and what most people do is try to think for the market as to quesing the next moves and then something else happens which takes them out of trade most of the times Everyone makes this mistake and that's just how it is. It's the patience to wait for the set up to fully play out that matters. Patience is a key for traders.
-snip-
It would really be that a matter of choice on this aspect because there are ones who would really be that making up some considerations on investing or trading up with those coins which their prices is already at the floor and making up some consolidation but usually on exchangers then its really that true that there would really be that possibility on getting delisted but of course you would really be needing to check their trading volume as well because the main coins/tokens that getting delisted are to those coins which arent that getting that much volume on which it would be normal that exchangers would really be delisting them.
Trading volume and market cap are certainly important benchmarks in analyzing which ones are worth trading for or which ones are not - so both of them will be indicators that you need to consider before trading or investing.
This is why it would really be that situational since not all would really be that experienced enough in between their decisions that they are making on which there are ones who would
really be that having that kind of good approach and there are ones who would really be making out the opposite and this one would really be basing up on the knowledge and experience
that you do have towards this market on which it would really be always reflecting out.
Yes - I understand you well, so this is just part of the teaching for me personally and may also be useful for other users. Traders' experience, knowledge and approaches certainly vary - but one should not consider other users' strategies as financial advice without doing their own research. really be that having that kind of good approach and there are ones who would really be making out the opposite and this one would really be basing up on the knowledge and experience
that you do have towards this market on which it would really be always reflecting out.
Trading is good opportunity for the future growth. But need to know about bitcoin. Before investing and training. Frist you Lear the process. Market price any time to change. So wait price down time then invest. Then easy way to more profit in trading.
-snip-
But what is clear is that you don't need to trade every day. You can wait for the planned setup and then place a trade. There is no need to force a trade, the market will tell us when it is time to enter and make a profit.If you want to trade and want to be successful in trading - make sure you have reserve fund to support your plan when the market is not as supportive as you hope. There's no need to buy it all at once even if you're sure it's true - but DCA is to minimize the potential for bad thing that might exist. Understand the support and resistance - for me it is very helpful in developing trading plan.
volume as well because the main coins/tokens that getting delisted are to those coins which arent that getting that much volume on which it would be normal that exchangers would really be delisting them.
This is why it would really be that situational since not all would really be that experienced enough in between their decisions that they are making on which there are ones who would
really be that having that kind of good approach and there are ones who would really be making out the opposite and this one would really be basing up on the knowledge and experience
that you do have towards this market on which it would really be always reflecting out.
People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.
This will happen as a result of no proper risk management. And for you to be a profitable trader, you must have mastered the art of patience and waiting for trades without it dangling with your emotions. The only thing that can also cause one to lose this big is greediness, stay away from it especially if you’re not swinging in your thread.
Quote
But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.
That is why it is good to have a strategy of your own that you trust so much. Depending on other people’s set up will just make you not to be a master of what you’re trying to learn. Profitability will come only when you become master of your own thread with no emotions attach that will be drawing you back. Patience and knowledge should be the number one priority here.
-snip-
But what is clear is that you don't need to trade every day. You can wait for the planned setup and then place a trade. There is no need to force a trade, the market will tell us when it is time to enter and make a profit.If you want to trade and want to be successful in trading - make sure you have reserve fund to support your plan when the market is not as supportive as you hope. There's no need to buy it all at once even if you're sure it's true - but DCA is to minimize the potential for bad thing that might exist. Understand the support and resistance - for me it is very helpful in developing trading plan.
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