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.
You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.
Perhaps, there is a right to start in all things and that includes trading. Preparation is what we meant and it takes time to do it. Might some people think it unnecessary but that is far from their imagination because that is truly needed in trading. We can't trade unprepared, that is the thing we should put in our minds. We have to use those early trader's experiences as our mirror, most of them suffering major losses due to lack of knowledge and skill and most likely it happen to us if we behave the same. Unless we don't care about losing.
If a trader don't care about losing it men's he is not actually a trader but gambler in disguise. Some of the traders that I know of that have been making trade losses something I discover from their losses it is not that they are not with sound strategic knowledge about trading but that they are deficit of patience. They just could not wait a little much to see a position confirm before they jump in. Wrong entering can make a trader lose opportunity to make what was ought to have been a profitable trade for him. That's why I don't undermine patience as a trader and a holder.
the thing is that we need to understand the scope of trading before we join trading because sometimes our problems come from lack of understanding the rules and the regulations of trading, a normal circumstances any good Trader must to venture into loss because no one is Master in Trading and immediately you get lost in Trading you will understand what makes you to get lost if you are a good Trader, because I understand that once you lose interest you are updating yourself more and more in Trading so nobody is Master of trading at the nobody will come out today they said that since it has been trading it has not lose once in Trading so your loss is what to make you to be wise and to upgrade from the point you are to another point.
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.
You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.
Discipline, patience are needed as traders in building our system and edge to make us profitable and successful as traders. Most traders tend to lose not because of ignorance of what the market is saying but impatience to wait for the right set-up and moment to enter.
Waiting for the right set-up isn't complete without taking the set-up which you were patient about. So in as much we develop qualities in the market we should also milk it.
On the moment that you would really be hovering yourself into this market then you would really be able to make out those kind of realizations on which you would really be needing to apply it out specially that patience and good control of emotions on which this would really be something relevant. There are really that those moments that it would really be testing out your patience, if you do fail then it could neither result into loses or would be missing out those opportunities that you might be able to face on. When dealing up with crypto space then it would really be just that a normal approach for you to have on having that kind of versatility
when it comes to opportunity hunting. Waiting for the right set up would really be always recommended because it would really be that pointless that would really be making out trade positions in a rush
because nothing beats out on making that best entry one position trade compared into those multiple ones but not even sure with those or not properly planned. There are really that significant differences
among the two.
the only thing you have to is someone who is into trading is still learn and understand the strategics point of trading because if you have understand the rudiment of trading nothing will make you not to no when you are supposed to entered into the market and then when you are not supposed to enter into market also, so we not waiting for the actual time to enter into trading it is based on we have not understand the procedures and the protocols of trading before we venture into it. So primarily from my own theory and observation you have to know the concept of trading first before you join trading that is my summary.
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.
You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.
when you don't know how to utilize opportunity to enter into trading you don't know it at all, unless you have study and the milk your research concerning threading before you can wait for the opportunity and utilize the opportunity, in Trading there's nothing that is more than observation and they also research so when you have understanding this strategies very well I think you cannot venture into the advantages of trading before then you have already know what is going to happen in the market or you go out all the market it is when you have not study very well or make a properly search it is well you will eventually into enters into the advantages.
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.
You can't do that if you're trading rightful, it's those traders that aren't trading in the right way that'll lose everything they have made from trading when one trade goes against them. Being a trader, we shouldn't trade without having our stop loss in place because when the market isn't going as we predicted, the stop loss will prevent us from losing too much. Stop loss will have you to regulate how much you want to risk losing when the market is going down. Waiting for the right set up of the market is a great advice as you don't have to be trading every time. Trading should only be carried out when you have studies the cryptocurrency pairs that you want to trade to see how they move in all market conditions before you buy or sell them. Waiting for the right market set ups prevent you from entering the market at a wrong time too.
it is not that there are not using stop loss method to trade but the problem is that some of the recent Traders is very greedy to the extent that what they needed in Trading is to make profit no knowing that two things are involved in Trading, neither you ventured into the disadvantages aspect of trading or you entered into the advantages of trading and these two things can happen to you when you lack the major concept of trading, so from your own explanation or Theory that you are right because stop loss is very important and it is used to control your risk level in Trading.
