Wait for the right set-up - page 6. | Bitcointalksearch.org

Yaqs15

jr. member

Activity: 95

Merit: 1

Axioma Holding - Axioma Pay Crypto Card

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

Exactly, it's very risky, to have such believe, you are likely to have such kind lost. in fact, your entire life, if expectations are too high, the disappointment you will encounter will be high as well.

Quote from: leonair on March 31, 2024, 06:21:16 AM

The more you trade, the more you can profit, because trading requires a lot of patience and a lot of analysis over a period of time. Because not all coins always increase in price. Trading is a very difficult thing and a person who jumps into trading thinking it's easy and believes in the concept that the more he trades the more profit he will get, will suffer greatly. yes, the more you trade, the more profit you can make, but every trade must be a successful trade

some time you get profits according to the more trading you do. but most of the time you will trade more and get less profits. such it is, even in our own life. some time you will work harder and earn less.

leonair

sr. member

Activity: 1400

Merit: 420

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

The more you trade, the more you can profit, because trading requires a lot of patience and a lot of analysis over a period of time. Because not all coins always increase in price. Trading is a very difficult thing and a person who jumps into trading thinking it's easy and believes in the concept that the more he trades the more profit he will get, will suffer greatly. yes, the more you trade, the more profit you can make, but every trade must be a successful trade

Cryptoprincess101

full member

Activity: 266

Merit: 120

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

Trading is almost same as gambling but the difference is that if you follow the right signals in trading you are likely to make some profits in it and just like you said it requires a lot of patience and you must be able to know what you are doing because you can't just start trading when you have no trading know or trading techniques to follow for you to make some gain. Though trading can be so stressful but people still make some reasonable profits if you follow the right signals and apply them correctly.

Alone055

sr. member

Activity: 1204

Merit: 290

Well, you are right that one cannot trade without opportunities because then it will be a forced trade, however, a good trader would try and find opportunities in any market condition so that they don't have to wait very long before they can earn some profit, and this is possible only through research and analysis.

A day trader can never rest. If you are a day trader, you can't just sit and wait for the market to serve you the opportunities in a plate but you will need to go out there and do your research and find out coins and tokens that are creating trading-windows based on the strategy you are using. Regardless of the market conditions, there will always be some cryptocurrencies that will give you a window that you can use to make your trades.

However, this doesn't mean one should overdo it as you said, you are not supposed to become greedy and make hateful trading decisions because that might make you lose focus and make you lose money in the long run.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

I have personally experienced this because I was trading frequently in the past and use to take losses.
I didn't had the patience to wait for the right setup and used to buy at higher prices.
Sometimes I used to make profits but since the entry was at a higher price, I didn't made gains that I should have.
Waiting for a good entry point will increase our profit margins a lot but this applies only to short term trading and not long term trading.
For long term trading, an entry point doesn't matter much though.

mvdheuvel1983

sr. member

Activity: 1022

Merit: 368

Quote from: boyptc on March 30, 2024, 04:26:35 PM

Quote from: mirakal on March 29, 2024, 06:36:34 PM

Quote from: boyptc on March 29, 2024, 01:57:38 PM

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

That's what most think of trading, they're only looking at that time when it's profitable. But, they have to remember that not everyon becomes successful so quickly with their very first trades.

Telling that they can make money with 5-7 trades, that's even a quick and lucky time to trade and make money out of someone's trade.

Because the normal process will have to make someone the most of losses first before going on with profitability.

When we actually heard the word trading, profits is what will eventually come into our mind. That’s right, based on what most of the crypto influencers have to say. But we’ll only realize once we start to trade that it’s not all about profits but most often losses. In fact, those successful traders today have endured a lot of losses when they were starting so how much more if we jump on trading without getting the right information about trading. While losses are part in trading, but with consistent trading exposure in the market, we can always learn to minimize our trades from losing as we start to take part in learning the process.

So right.

Many of the successful traders today have gone through a lot. They are not just mentioning it and they only share the wins that they have for them to attract people.

But if it's about the losses that they've incurred before all of those successes, they're going to tell a long story that they've endured a lot of it for sure.

Most people may likely not tell the story of their own losses in trading because it will discourage a newbie around them who is interested in learning how to trade but anyone who wants to go into trading should have the idea of gaining and losing money as well depending on the outcome of the trade and how well the person is knowledgeable.
Having a good trading knowledge is the easiest way to overcome losses that is what people don't understand and you do not expect someone who has lost for so many years back to start bringing up sad stories about his experience when things are better now.

Natsuu

full member

Activity: 1148

Merit: 158

★Bitvest.io★ Play Plinko or Invest!

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

Bur early in your trading you must really be trading as many of your setups that you would like and be more willing to lose a lot early on. You don't need to have perfect entry, but to test yourself. Over that time you should be able to focus on your disciplined executions with proper risk management. So you can last long in the game until you improve your trading. You shouldn't be worrying yourself about money making but the understanding of your setup and mastery of yourself execution.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: mirakal on March 29, 2024, 06:36:34 PM

Quote from: boyptc on March 29, 2024, 01:57:38 PM

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

That's what most think of trading, they're only looking at that time when it's profitable. But, they have to remember that not everyon becomes successful so quickly with their very first trades.

Telling that they can make money with 5-7 trades, that's even a quick and lucky time to trade and make money out of someone's trade.

Because the normal process will have to make someone the most of losses first before going on with profitability.

When we actually heard the word trading, profits is what will eventually come into our mind. That’s right, based on what most of the crypto influencers have to say. But we’ll only realize once we start to trade that it’s not all about profits but most often losses. In fact, those successful traders today have endured a lot of losses when they were starting so how much more if we jump on trading without getting the right information about trading. While losses are part in trading, but with consistent trading exposure in the market, we can always learn to minimize our trades from losing as we start to take part in learning the process.

So right.

Many of the successful traders today have gone through a lot. They are not just mentioning it and they only share the wins that they have for them to attract people.

But if it's about the losses that they've incurred before all of those successes, they're going to tell a long story that they've endured a lot of it for sure.

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

Trading is very perilous and continues trading cannot give you anything without lossing money therefore take a break when you think that you are not mentally prepared for it or you lossing percentage exceeding from the limit.

Now it is the time of taking benefit from your trading so trade with the help of your learned knowledge and as the market is oscillating you can enhance your profit during current situation of Bull season. There are some beneficial coins which you can trade now and people are getting more profit through trading in meme coins as there is a quick change occurs in its value.

Nrcewker

copper member

Activity: 2268

Merit: 539

LuckyDiamond.io - FLAT 50% Deposit Bonus!

I have seen many newbies say that trading is easy money. You will become rich overnight if you trade. But they are forgetting the golden rule that, trading is equally risky and you can also lose your bankroll, your hard earned money in an overnight. So yes, you need to give time to the market and wait for the perfect time to trade. Once you find the good set up, use some of your balance to take little profits from the market with little risk. In this manner you can really make good money.

|MINER|

sr. member

Activity: 1274

Merit: 457

Vave.com - Crypto Casino

Repeated trading does not mean you will be more profitable. Those who think like that can never make a profit by trading. Trading cannot be over-leveraged. Trading always requires knowledge and skill. The rules of trading include that too much leverage brings trading losses. You made a profit in the first two trades but in the third trade you might lose all your capital. Every job has a structured set of rules. That is, each task has a defined setup. It is possible to get success if you work accordingly. To be successful, certain rules of work must be followed.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: boyptc on March 29, 2024, 01:57:38 PM

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

That's what most think of trading, they're only looking at that time when it's profitable. But, they have to remember that not everyon becomes successful so quickly with their very first trades.

Telling that they can make money with 5-7 trades, that's even a quick and lucky time to trade and make money out of someone's trade.

Because the normal process will have to make someone the most of losses first before going on with profitability.

When we actually heard the word trading, profits is what will eventually come into our mind. That’s right, based on what most of the crypto influencers have to say. But we’ll only realize once we start to trade that it’s not all about profits but most often losses. In fact, those successful traders today have endured a lot of losses when they were starting so how much more if we jump on trading without getting the right information about trading. While losses are part in trading, but with consistent trading exposure in the market, we can always learn to minimize our trades from losing as we start to take part in learning the process.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: SamReomo on March 29, 2024, 03:39:53 PM

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

But waiting for the right set-up gives you an edge in the market

I think whatever you said is true and I highly agree with it. A good trader often waits for the right opportunity and when he/she sees that opportunity then he/she makes a trade.

In my eyes, a good trader is like a good hunter, a good hunter waits for the right opportunity to attack the prey and in the same way a good trader waits for the right opportunity to make the trades.

Those traders who make many trades a day are the greedy fellows who can lose everything with a few wrong trades. So, it's 10x better to be patient trader than a greedy fellow.

I believe traders have known this from the start. That waiting for the perfect timing to trade is highly important, so one can maximize his profits and control his losses if ever. However, even if they’re perfectly aware of this, it’s like it’s easier to said than implement this for them. Patience will always trigger them, that if they keep on waiting, they might end up losing the opportunities to make profits. The reason why we have been seeing traders consistently trading, it’s not that they’re not aware that they are doing the wrong thing, but being greedy to make profits is more of their focus than waiting for the right set up to trade.

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

A really good concern Op you've indicated the more you trade the more you earn is not a fact, but an inner feeling we call greed, TBH on the trading field as Op mentioned the right set-up in my terminology I call it the right ball haha which is inspired from cricket, stand on the pitch and wait for the right ball to score a six, these six's make your portfolio 4x 10x and whatever you expect from them.

I'm not saying don't trade, trade to stick to the market wait for a good opportunity with your saved capital and then score a six. To score big you need to save yourself.

goldkingcoiner

legendary

Activity: 2240

Merit: 1993

A Bitcoiner chooses. A slave obeys.

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

The problem most traders have is a lack of patience and emotional control. Some traders see a big candle and decide to act on it, abandoning their previous well-thought-out strategy for emotional desire. And then what happens? Reversal, loss of control, panic-selling.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

But waiting for the right set-up gives you an edge in the market

I think whatever you said is true and I highly agree with it. A good trader often waits for the right opportunity and when he/she sees that opportunity then he/she makes a trade.

In my eyes, a good trader is like a good hunter, a good hunter waits for the right opportunity to attack the prey and in the same way a good trader waits for the right opportunity to make the trades.

Those traders who make many trades a day are the greedy fellows who can lose everything with a few wrong trades. So, it's 10x better to be patient trader than a greedy fellow.

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

As much as I think your idea about having many open trades looks bad, I don't really think it's really that bad to have many open trades as long as you can manage. Maybe as a new trader, I will say you don't need it because might not have understand how the market works but a professional trader can has 6 open trades, 3 can give him each 20% each and the remaining 3 can give him 5% each. When you do the maths, you will have 60% profits and 15% losses. If you subtract profits from loss, you will have a realized profits of 45% for that day, I hope you see why some traders has many open trades.

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.

Your idea is cool but works very well during the bear market. In a bull run where you can literally see all coins becomes greenish in profits, it will be difficult to applied them here because what you are saying actually works better in bull run but you need to also applied risk management into your train, it's not every trade you see too good you should put money into, you might experience bad result.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Barikui1 on March 29, 2024, 12:25:25 AM

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.

That's what most think of trading, they're only looking at that time when it's profitable. But, they have to remember that not everyon becomes successful so quickly with their very first trades.

Telling that they can make money with 5-7 trades, that's even a quick and lucky time to trade and make money out of someone's trade.

Because the normal process will have to make someone the most of losses first before going on with profitability.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Well, in trading, you cannot be 100% accurate all the time. There are still times when you will think that you have seen a great opportunity to enter a trading position and make a profit. The moment you enter that trading position, the market can just take a big turn against you, and you will still end up losing.

I am not doubting that there are times when the chance of making a profit is usually high and a risk is worth taking. Sometimes that opportunity can look very bright, but the moment you enter the trade, the reverse can be the case, and the trader will still face losses.

As a trader, it's good to keep learning, master your strategy, and always readjust to changes. Look out for better trading opportunities, but always know that opportunities don't workout all the time. That's why I said, readjust to changes.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Every trader counts meaning to every set-up, they sees it as something that could fetched them good profit in they enters the market. Then when trading we have to classify the kind of trading they are involving themselves, is it spot trading, future trading or forex or binary trade. There results are not alway the same with those who are trading on spot, somethings Binary is more risky and have a very tendency to lose and sweep one equity unlike the forex that people most monitor weekly days, the best day and best time to trade.
In summary spot trading seems to be the easiest and simplest one to trade on and risk level is not that higher, one can still trade comfortably even though the market isn't going that find. Whichever trader makes money either bear run or bull run.

Topic: Wait for the right set-up - page 6. (Read 1227 times)