Topic: Wait for the right set-up (Read 577 times)

Chasing your losses in trading is obviously a non-profitable strategy because it will push you into more losses instead. Most especially if you are new into trading, then the more that you should wait for the perfect timing to trade so you can make a successful and profitable trade. Patience is a virtue in trading, if you can't wait for the right set-up, then it's better to stop trading and settle on short term investment. However, losing in trading consistently will also leave you some lessons to ponder, so at least learn from it and improve your trading mindset and performance.

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.


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.

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.

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.

Anyone who do have that kind of approach towards trading is simply just that a gambler and not a trader because doing up some entries without any analysis or basis is really something pertains about being a gambler because the risks is high if you do have this kind of approach on which you dont really care on what price or on what condition you had made out yourself to make out such position on which we know
that high chances for us to lose up money rather than on earning or making one. Waiting up for the right set up would really be always the key to have that more effective trading on which it would really be resulting into making profits on which this is really that something that will really be that our main priority on the time that we do deal up with trading.

Wait for the right time and the perfect timing, although there's no way on telling on what would be the sweetest spot but at least we do apply any analysis that we could be able to possibly be able to
to apply on.

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.

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.

That is an accurate metaphor about what trading is about, you can either chase every single opportunity that you think it may turn profitable, or you can wait until everything goes as predicted and only then make your move.

The former approach is too intensive and it will cause traders to burn out very quickly, even if they made money this way, however the latter strategy is way better, as not only the percentage of profitable trades will go up, but since this strategy is easier to implement, it will allow a person to trade the markets for the long term and even make the transition to a full-time trader.

Yes, it is true that the cause of losses is not always about ignorance of how to trade properly or not because it is wrong to enter the market but these losses can also occur due to our inability to prepare something that we should have thought of being a preparation such as patience, many of the traders end up with losses due to being too fast or too hasty in starting or making decisions so that in the end they start open positions at the wrong moment or not right and end up experiencing losses because they put something not in the right place.

Actually there are many factors that can make us experience losses in the world of trading, not only because of the lack of knowledge or knowledge but carelessness can also be fatal, but on the other hand I am sure that over time if a trader is really serious in learning then they will definitely be able to make bad experiences as learning material not to repeat it again someday.

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.

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.

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.

Waiting for the right setup is what is going to give us the profits not trying to trade at any slight means we see that we can money.
It is very important for us to make sure we trade and also invest in good tokens that has good ability to move well in the crypto market, not just buying alone. The price of Bitcoin might do well extraordinarily doing the halving so we must be prepared for it.

I believe that it is going to take a while for us to get here, there aren't really anything that we could consider as more important, we should definitely consider the possibility of something like this as very important if we could make it work.

I personally believe that if you could make a "correct" setup, that would be a first in the history of trading, because most of the time we are talking about just changing dynamic markets, which means that everything changes based on that. Let it be and you will get better, do not focus yourself on too much with this stuff and you will do a lot better. I believe that the best thing we could do right now would be arranging something that should not be all that hard to handle.

The plot twist is this. As a beginner trader, you don't even know or you don't have a concise idea what your setup is or how it is panning out. So early on, on your career, expect many losses. Because you need to lose a lot, and learn from those losses. That will build your frame of trading and references of how you are going to read the market in the future. Those references will lead and help you when to engage and when not to engage the market. Because as we all know.

You can spend 10,00 hours practicing and backtesting the wrong thing so be careful also of what type of trading you are submitting to.

A trader who cannot learn from the mistakes they make will be very difficult for that person to be able to make a profit from their trading and it is impossible for them to be able to survive trading for long because they continuously experience losses from the trades they make so they choose to leave trading.
If someone cannot control their emotions when trading of course this will make them not analyze the market well and will make the wrong decisions from the trades they make and most of those who find it difficult to control their emotions when trading of course they will trade greedily and this will be very detrimental to themselves.

A Smart traders don't make stupid decisions and for sure, they always think about it many times before executing the plan. Those people you say are "experienced traders", perhaps they are but still never change their behavior and correct their mistakes that is why they keep losing rather than earning. Not a surprise indeed because whether we like it or not, many people are still in control of if their emotions and greed. And no matter what they do and no matter how long they've been trading, this never changes their position. Who they are in the start, they remain the same forever.

Those who follow the right method in trading get something from future trades. And those who rush after using the right method often end up losing money. I have seen many traders who are very experienced but they are losing money i.e. not following proper set up, specific strategy in trading basically lack of patience. Also I have seen many people come to trading first and make some money in the initial stage and think they are very wise, at some point they lose all their money. The key to trading is patience and greed control. If a trader can control everything in himself then he can earn something by trading in future.

Using the right strategy in trading will reduce the risk a lot. These are generally classified as long term, medium term and short term. You will see strategies that require you to use a one-minute time limit. And also see the strategies that work best with a one-month time frame. It is not possible to change quickly in trade.

Those who are experienced about trading never trade without proper setup. But people who trade without proper setup are mostly inexperienced in trading. I have seen many traders who consider themselves to be very knowledgeable traders who earn some money by doing a few trades on the trading platform. But after a few days it is seen that those traders lost their money and claimed themselves destitute. So it is very important to always follow the right set up and some important strategies for trading. Some of the important strategies include learning to analyze the market, proper setup, not being overly greedy, and not losing patience. If a trader can adopt all these strategies then I think he will not always lose from the trading platform and can definitely earn some money.

Sure they do. It's not easy to win trades without being patient as this market is for the most patient people and if you're for the short term, you don't tell me how short that short term is. Because for the traders, there's always the span of how short they are and typically, that short term isn't really short term at all.

And being greedy, they're the one choose their paths and the majority that are too quick and impatient are the ones that are losing.

When you trade your coins in the right season, it will help you to make what you have never make before in the market, but if you trade in the wrong season in the market, it will make you to experience losses that will teach you a lesson never to trade in such season. If you look around the market very well, you will discover that those that have the trading knowledge always find themselves in profits making because they know when to trade and when not to trade in the market, but those who don't have the knowledge always feel you can trade all the time to make a good income. Before I trade my coins in the market, I must carry out research to know if the market price can give me what i want from my coins before I will embark on trading, and it has been helping me to always embrace good income from the market.

I guess every trader who ends up trading successfully has always been trading waiting for the right set-up or the perfect timing to trade. That’s how powerful patience is. Unfortunately, not all traders are patient enough to wait for the right set-up as they prefer to prioritize chasing more profits and not skip even a single trade. Greed is what they chose to follow in trading rather than being patient and disciplined. No wonder how those novice traders end up losing and quitting trading in the end.

The right setup means the right preparation. Indeed, we don't have to be in the battleground if we are in incomplete gear. And just like in trading, we should not be trading if we are not fully equipped with knowledge, skill, and strategies. Unfortunately, the opposite thing happens in most traders, they start trading with an empty mind believing that trading is very easy. Such thinking will bring them to a losing scenario and blame.
Honestly, it was not an excuse because we are newbies as we can find ways to avoid major losses. Although losing is going to happen in trading, it doesn't mean we should just let it happen knowing that we can improve the situation.

Whether we are involved in trading a lot or not really depends on how knowledgeable a person is about trading because if you don't have the knowledge then being involved in several trades will create problems that may result in losses. But if people understand investment patterns, taking a lot of trades is actually good, because when they lose on some trades, there are still some other trades left to recover those losses. The more trades we make, the greater the risks and when we understand how to trade, we may be better prepared to deal with the risks.

If people do daily trading then they are not only looking at the right settings to engage in trading because they are trading every day. Except for traders who make irregular trades and usually they look at the right timing so as not to make losses. Trading does require patience and knowledge because if we don't have it it will make the position much more detrimental.

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.

When you said waiting for the right setup, I actually did not understand. Did you mean a signal or something that would help the trader make money? or you are talking about someone to get the knowledge and skills of trading before joining the trading because the patience in trading is what some beginners do not have and they jump into it and then keep on losing. You will see someone who only learns a few things trying to trade, which is not a good practice because beginners need guidance and are supposed to be aware of the risk before they trade.

However, trading has a lot of risk that is associated to it, and someone can't be winning all the time. So the best thing as a trader is that if you can't afford to lose all the profit you get from your first trading then you use the amount you can afford to lose. so that you won't lose all your funds. but the problem many traders have difficult to overcome is greed and emotionally okay while trading, some think using huge amount of money will bring back huge profit which I won't argue, but the risk is something we should consider.


exactly. Knowledge is very important, and it should be the first thing to get as a trader. However, trading all the time is not a big deal in my opinion. As long as you have the knowledge as a trader and you know what you are doing and how to handle the market when it changes, you are good to go, but if you don't have sufficient knowledge of trading, definitely trading cautiously is the best for you.

It's right that there is always a certain amount of risk involved in trading. But trade without calculation is like betting where you just pick one and invest.You don't bother about the time, success rate etc. In betting you lose 100 times and win 2 times unless you have a very good fortune. There are traders who put their savings into the market and for them it's very important to calculate the risk involved and then make decisions.

You cannot just simply go during the halving approach of BTC and invest in it.Its obvious that the chart will go down and you'll lose your investment. It's better to invest after the dip is ended. So these types of strategies work and they should be looked after while trading.

This is the common reality going on in most traders life, especially the experience ones that are still having huge losses, because they actually knows that trading is just like hunting, you have to be very patient and wait for and opportunity or wait for and animal you will prey on, so as to be successful, but most traders are impatient, they just want to make money quick, forgetting the basic rules of trading,  which will eventually leads most of them to huge losses because they were probing and trading the market when it's was obvious that their is no golden opportunity at that time, which they will end up losing money, because they entered the market at the wrong time, and when they have lost their funds, that's when a golden opportunity will present itself, but due to lack of patience, they have already lost their funds before then .

I think it is still 50:50 in my opinion, you can spend a lot of time analyzing the market and then come up winning and be profitable and not waiting for the right setup not sure though what you mean by this, setup as in hardware or the knowledge so that you will have an advantage on others, thus making profits? And from what you describe, it really looks like trading is really gambling isn't it? But here you learn how to mitigate the risk and quit early while in gambling it's really hard to control our emotions. In any case, there is profit to be made in crypto trading, you just have to really equip yourself with the right learning and tools maybe like trading bot if you are a expert already to automate this trading for you.

This is very true because, even with how many trade losses you did as long as you have stopped the loss and are not eager to get into a new trade, you will be profitable.
Sometimes 1 perfect trade will able to get your losses back, so at the end, you end up profitable as long as you waited for the right set-up and not chasing losses.

do you know one thing about trading you must do study the rules and the regulation of trading first before you can be able to make a profit as you may think,trading is a skill that you will learn and understand the procedures before you can be able to escape losses in Trading so many people who experience a huge loss in Trading is people that have not microscope or understand the basic routement of trading... it is obvious and understanding that the more you trade it is more you have more experience about trading and the more you loves interesting it is more you understand your fault and your loop holes, so an experience Trader who knows the fundamentals of threading who knows the key and the strategies to trade cannot lose a huge amount of money or cannot lose a profit that he or she made in two consecutive trade and the two consecutive profits in one trade....its a beginner of trader that is profits conscious can make such mistakes.

it is obvious that the how you open your leverage in Trading or establish your trading is the way you'll get a loss and and also the way you get your profit, is perspective I think you are correct, but one thing that makes us to lose very huge in Trading is because of the way we strategize our threading and then what causes this is that when we have the greediness in US it is what makes us to lose more than the way we are supposed to lose our capital.. is obvious that the higher our expectation may be as Same of our risk in Trading.

one of the philosophy of trading is that, before you benefit in Trading you must also experience a huge loss because it is based on your experience in Trading that to make you to understand trading movement anyone who is into trading is not wasting it time, it's what it deserves to do, and any you decide to do you most like to know the effects neither knowing the advantages first or the advantages, if you study trading very well you will not be experiencing a huge loss.

As a rule, beginners tend to open more orders, hoping to earn money quickly in this way. And only after time has passed, they begin to understand that this type of trading brings only losses and in the future carefully choose the moment to open a deal when the market is more predictable.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.


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.

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.

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. 

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.

That is why it's very important to learn first before venturing into trading, because knowledge is what separate a profitable traders from unprofitable trader, and  it's very essential to know how to manage your risk, because in trading, no matter how good you are, you will definitely encounter some losses at some point, but what keeps you profitable, it your risk to reward ratio, and your ability to manage your risk.

A very good and experience trader do not take anything less than 1-3 risk reward ratio, because it's just like you are risking 20 dollar on a single trade to make 60 dollar if it goes your way, so if you can win like 40% of the trade you took, then you will surely be a profitable traders, but if you are taking 1-1 or 1-2 risk reward ratio, you would need to win like 70% of your trade before you can be profitable, which is very difficult to achieve.

You know that the strategy that a trader uses in the cryptocurrency that we belong to is different. Others just copy, others are too lazy to study, so they only guess,
and others think that trading is just gambling, even though it really isn't.

So, if you are going to trade, you must have a basis, and you must also have a broad knowledge of trading. Just remember that knowing always beats the ignorant, or don't forget that.

This simple thing is actually what I also do in my daily trading. I don't always continue to place trading positions if I don't see momentum or the right time to place a position to start my trading. And everything must be done by starting with small analyzes as a warm-up and then looking for trading pairs that match the candles and charts that are formed and where to start entering. But before I decide to place a position and enter a trading pair, first I always check fundamentally whether the trading pair has any interesting news or an event that will or has already taken place. And then if it turns out there is an event that will take place then I will also assess how strong the hype can be created with a similar event. If everything shows a suitable moment to enter, then I determine the right position or price to take a position by carrying out technical analysis again. And at the right time trade orders will be filled and profits can begin to be seen. and sometimes to pick up our orders we also need small corrections in the market. And that is something that is most looked forward to. Because after a correction there will definitely be a reversal if technically, fundamentally and sentimentally the market has time to go up. So in essence even a day trader doesn't actually place a lot of trades in a short time. Most of the time we sometimes spend longer in analysis and wait for the right moment. Because if we just enter the market, we could continue to make profits in several positions and then run out again because of one position at the end. Which makes a trader feel frustrated in the end because they feel they have won before. But because of greed, sometimes they increase their capital when placing a position, so they have the potential to experience bigger losses if they lose or make a mistake in the analysis for the last position. And it would actually be better to take a break from trading and get into market monitoring mode. Instead of continuing to force trading when emotions start to dominate our trading decisions. Because usually I will stop trading if emotions start to interfere with my analysis or emotions start to interfere in decision making.

As you do go forward then you would really be eventually learn up the things on which you should really be gonna be able to learn on which it is a normal process because not everything that been stated or written up on textbooks would really be always precise on which just like been said or we do know that some of those learnings could really be acquired with real experience and this is something that you would really be learning to cope up or something that you do really need to learn up along the way. You should really be waiting up for the right spot or the right moment before you would really be able to make yourself having that position.
Just like the rest been saying that you cant just make yourself that put up a position without any basis or some analysis on which we do know that this is something that crucial.

I believe it depends on your strategy butt it's important that you manage your risk. You can trade a lot if you are a market maker, but if not, you are a swing trader. It's mostly dependent on what your goal is but if you were to trade, I believe in the long-term with the long trades, like you might be holding for a long time for a month, but when you profit, you really boom, you know?

The right setup should be waited and back test a lot so you would know if it's an effective strategy or not.

Losing your money in one trade seems more in the lines of margin trading or all that non-spot trading. In spot you at least have the opposite asset at hand to sell, even though its price may depreciate. Of course in spot trading we need to be careful when you are buying or selling which is the crux of this concept. If you buy at the wrong level you will have to hold that till the crossing over occurs so you can break even and then further in order to profit. You will be paying for your mistake with time.

With dummy trading and watching the older charts, one can get an idea about this. However trading is not for everyone and if this does not seem to work out, dont trade anymore.

Experienced traders have memorized which parts can provide good opportunities in each market situation. They can also experience things they never expected in the market even though the strategy they implemented was very good. The strategy used by the trader can have an influence on the results, but not all opportunities can be obtained on the chosen coin.

For me, knowing which coins to choose for trading is better because not all coins are likely to provide profits with the settings set as well as possible.

I think it's easier if we only think of being consistent. Trading is just like gambling, you analyze the data but it doesn't guarantee you a win, you win some and you lose some, that's it. But if you are good in managing your funds, and you have more good prediction than bad, then in the long run, you'll be profitable. I'm talking about day trading here as I think that's what you want to discuss about.

Long term and short term investment, this day trading belonged to the short term and honestly I find it more challenging that long term, but the moment you master your skills in trading, you should have a smooth ride.

Traders are actually aware to trade only when the right set-up is achieved, or when there is perfect opportunity to trade. However, not all traders are patient enough to wait for that to come, and majority are greedy to make quick profits. This is why majority of traders end up losing their trades, despite of their proven skills and strategies that work in trading.

Trading is not just a mental skill but an emotional skill as well. If you cannot timing your trades, because of lack of patience and discipline, then always anticipate losses afterwards.

Even though I agree with your post but it's not practically possible as this can only be followed by expert traders who are in the domain for long time and sometimes even they make the mistake of hurrying up. Patience is the key but it's not as easy as it sounds that's why most of the people fail. I see some people scalping through the market and earning good but just one bad trade put them in loss as it eats up the profit of scalping hence right set is important but really difficult to achive.

Its actually the basic but people do need to experience the worst first before they would really be making out some realizations. It would really be just that common or just that right that you would really be waiting up for some good entry point before you do buy. You cant really just that make yourself buy when the market is really that pumping or simply trying to get in on a huge green candle or simply its being overbought basing up with technicals on which you are really that putting up yourself on such risks on getting caught on the correction on which this is something that you should avoid in the first place. Dont make yourself that making trading positions on which you arent even sure that you are already that too late or early on the said situation. There should really be the right set up and preparatory when making up a position.

You cant just that make out a decision because you've been trying to catch up on making 6-7 trades a day or whatever targets that you are trying to achieve. Even on having a 1 good trading position
that could result into huge profits could be able to cover up those 6-7 trades that you are tending to make. So it does make a difference.

I have to agree with you that not all set ups that we trust can go our way, a good trader is actually that who handles his loss trade properly. But what the OP says and I inclined towards is the fact that you should trust your trading plan and do not FOMO into any trade. There are some traders that have their strategies and when they do the set up sometimes the trade is about to miss their entry and they most probably jump into it, this I think are the kind of people OP means. If as a trader you have a specific strategy that you have back tested on a pair and it works fine for it, stick to it and don’t jump in even if it is looking like a good set up to you. The best of traders they say follow their trading plan.


This type of traders are easily traders that usually task themselves to make certain amount of money either daily or weekly and when they fall short of it they enter set ups that do not have a better R:R just to meet up the quota. To me this is a bad strategy because you can’t always meet your target in trading, it’s is a directionaless thing and some days you will lose which should be acceptable

Another type of traders are those that do revenge trading trading, they will want to recover the money they lose on a certain trade back and they end up losing more by jumping on trades

Waiting until the perfect opportunity to make a profit is a quick way to get a loss that takes all your profits into a trade that you think will make you profitable. A good trader is not afraid of losing or starting a failed deal, but the sum of his trades is positive or the sum of every 100 trades and an increase in capital, and this does not mean that all 100 trades are successful or achieve gains.
good trading does not depend on time or golden opportunity, but rather on how he deals with loss.

Exactly, not all experienced or expert traders earn always in their trades sometimes they trade but also experiencing great loss or lose trades, and believe me traders are more on long term trading and not relying on short term trades because they know how much profit they can get from long term and they are more on maximizing the potential profit than getting small profit from short trades because they will only waste effort and time there, I also more on long term or to be specific day trading because I have a stable job so I cannot monitor my trade 24/7 so I let the market decide or my analysis decide wether I will earn or not, but of course I still look to my open trades sometimes but not monitoring it to the point that I may neglect my analysis and exit it right away, so I more on having faith or staying on what trade I open no matter what happens.

I think that's a very good point you just pondered. We have to wait for the right time of the market and it's very important as you mentioned. Proper skills for the market judgement is very important for one to have a clear picture of when to trade and how to trade.

I have seen people due to their negligence and greediness they've lost their months of profit in hours. If one can have complete control over the disabilities mentioned then he/she will surely be a successful trader.

You know it is easy to say wait for a good trade set up. Where the work is in being patient and it is the patience that beginners often lack. A friend went from taking a trading course to doing 5 live trades and guess what, he lost. Successful traders will only take one to three trades each day and they could even do less. I think that some trades are just not necessary, they just waste the trader's time which should have just been spent either doing nothing or engaging in some hobbies. Waiting for a good trade set is simply waiting or the right trading opportunities.

This will depend on the strategy that the trader is using. Traders that are using high leverage will see this a lot. Assuming a trader has $500 to trade, he can think of 10x leverage, thinking to earn $10 each from scaping. If the trade favors him, he will be winning $10 each. Let us say he has won 5 time which is $50. If he trade again the 6th time and the trade is not favoring him, he will think to leave the position open for a while and this might result in liquidation of the money used. But if using low leverage or no leverage at all, it can help against high risk trading.

 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.