Topic: What I think every trader should do to stay in the green - page 2. (Read 1592 times)
Every trader needs a plan and a reliable strategy. But the paradox is that there is no perfect strategy. And each trader is forced to slightly change his plan and strategy over time. Every trader has to adjust to the market. The market does not owe a trader anything. Therefore, the one who does not improve his strategy dies.
We can't deny the fact that we cannot avoid red market sometimes because of some people who randomly sell their assets once they get some few profits or they thinking that their holdings will go to nothing once they keep on hodling. If the red market comes, it is good to stay away from it and go back again once it back to green.
I haven't checked your website but it seems more like a promotion and advertisement which I often see on websites like "I was jobless until I found this website and I am billionaire now".
Anyways since we are discussing some good points, I want to tell you that strategy and such terms are easy to use but impossible to understand because if there existed any such strategy which we could implement and earn money from trading without risk, then all the exchanges would have been either closed or we all would be rich by now.
There exists no strategy from what I have learned and all you need to do is find which asset is valuable in the current time and invest in that. For bitcoin price trading you have to be sharp and make use of the small swings.
Anyways since we are discussing some good points, I want to tell you that strategy and such terms are easy to use but impossible to understand because if there existed any such strategy which we could implement and earn money from trading without risk, then all the exchanges would have been either closed or we all would be rich by now.
There exists no strategy from what I have learned and all you need to do is find which asset is valuable in the current time and invest in that. For bitcoin price trading you have to be sharp and make use of the small swings.
Even a professional trader will not always be in the green zone, he must have also been in the red zone. Predictions that have been made sometimes don't work and there are some predictions that are inaccurate. This all also relates to the trading strategy and analysis used. to be able to continue in the green zone must adhere to the strategy that has been made. there are times when the market is bullish and when the market is bearish.
There's no such thing about perfect trader and losses is an inevitable thing but those pro's could able to handle it out to be in greens or in profits in spite of commiting some losing trades.Good capital handling and good decision making skills will really be the key on sustaining yourself into a market which is really very unpredictable.If you dont have these kind of qualities
then you would really be having a hard time on dealing with this one.Staying on green or making yourself profitability is one of the most common target.
Even a professional trader will not always be in the green zone, he must have also been in the red zone. Predictions that have been made sometimes don't work and there are some predictions that are inaccurate. This all also relates to the trading strategy and analysis used. to be able to continue in the green zone must adhere to the strategy that has been made. there are times when the market is bullish and when the market is bearish.
As simple as that, it is obvious that any trader always wants to earn money and be in positive territory but there are simply many circumstances that could lead you to be on the negative when it comes to your trades and there is no reason to panic, as long as you are following a strategy that is profitable then over the long term you should be fine, however under those circumstances many newbies panic and they end up making mistakes that aggravate their problem many times making impossible for them to ever be on the green again.emotions will be mainly affected which would result into bad decisions.
Trading is a long process and shouldnt really be hurried out and if you are really that too impatient then expect you will really be comitting mistakes.
Even a professional trader will not always be in the green zone, he must have also been in the red zone. Predictions that have been made sometimes don't work and there are some predictions that are inaccurate. This all also relates to the trading strategy and analysis used. to be able to continue in the green zone must adhere to the strategy that has been made. there are times when the market is bullish and when the market is bearish.
As simple as that, it is obvious that any trader always wants to earn money and be in positive territory but there are simply many circumstances that could lead you to be on the negative when it comes to your trades and there is no reason to panic, as long as you are following a strategy that is profitable then over the long term you should be fine, however under those circumstances many newbies panic and they end up making mistakes that aggravate their problem many times making impossible for them to ever be on the green again. 
I make some long memories tokens that have some extraordinary execution every day. In any case, for reasons unknown a few brokers consistently ensure that they remain in tie toward the finish of their exchanges to stay away from such misfortune mark that couldn't be seen on their dynamic time. Numerous dealers lose on the grounds that they pursue cash, while they fail to remember that exchanging requires persistence and brokers who need snappy returns and get rich short-term need to reevaluate their exchanging.
Even a professional trader will not always be in the green zone, he must have also been in the red zone. Predictions that have been made sometimes don't work and there are some predictions that are inaccurate. This all also relates to the trading strategy and analysis used. to be able to continue in the green zone must adhere to the strategy that has been made. there are times when the market is bullish and when the market is bearish.
All traders definitely have a desire to be in the green zone, but unfortunately reality says differently. Since crypto trading cannot always be in the green zone, sometimes traders have to feel in the red zone too. And there is nothing wrong with it, that is normal thing experienced by all traders. The most important thing is that the strategy we use is effective and can generate profits that can be said to be successful.
So every trader has to practice a lot in order to improve their trading skills, that way when in the green zone or red zone we can still make the right decisions.
Green and Red makes me feel like we are discussing gambling but not trading. Often gamblers are too worried about their green and red streaks as green indicates wins. There is no problem in closing some trades in loss as long as you know the decision you made was backed by facts and not emotions and there was some data that you rely on to make such decisions.So every trader has to practice a lot in order to improve their trading skills, that way when in the green zone or red zone we can still make the right decisions.
I was holding some UNI coins and after seeing no positive movement for sometime I sold them and now recently I checked their price and I was upset because it recovered decently but does that mean I made a mistake? NO! Because the decision I made was after my due diligence and now if it increases I have all the right to be upset but I won't call it a mistake so you have to make some room for losses in trading and avoid trading having a gamblers mindset.
Staying on the green is not always effective because if you didn't make any good analysis and study the market, there are chances you might end up in the red lines. It is the reason why you should be making a good strategy, so you could deal with the market and able to control your emotions without staying in the green.
Quote
"You need a strategy"
Often one given "strategy" works very well at ...lets say.... 15 time-frame, but if you run that same very "strategy" at 5M .. nah .. after historical backrest .. ask yourself the following question: why not?
Stay in green is not so easy as say. In the crypto world, there are uncertainty spreads everywhere. So if you want to keep safe yourself, you must learn, practice, analysis about the market. You have to able to measurement risk, portfolio, and market stability. If you want to avoid red you should increase the capability to understand market strategy and requirements.
The problem with trading
When I started day trading crypto 3 years ago, I didn't have a plan with my trading. I just thought "if my win rate is high, I will make money gogogo".
I think everyone is missing a very important step if you just do some TA and start trading.
"You need a strategy"
Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades.
I had no plan
When I look back at it, it was actually crazy how much I cowboyed my trading. Sometimes, I made +1%, sometimes -3%, sometimes +5%, sometimes +10%, sometimes -7%. There was no structure and I had no idea what results I could expect.
Since I had no forecast of my results, it was difficult to follow my rules. I simply lacked motivation to follow my rules. I think this is very common.
What worked for me
What made me go from a bad trader to a consistent profitable trader, was ACTUALLY using a strategy. Not only trading based on a vague strategy.
NOW - How the heck should I form a reliable strategy that works?
I opened up a Google Sheet and started writing formulas to estimate my earnings and losses from trading, based on different win rate, starting balance, leverage etc. It helped me a lot but it was so tedious to change the strategy in Google Sheets
I had enough. So I started to Google if there was a better way to do this. I found nothing. The only thing I found was a Forex Profit Calculator, but I wanted one for crypto.
Winrate.io was my game changer
So I made my own one. I created a website called winrate.io where you can test your current strategy or create a new strategy if your current one doesn't work.
This was a game changer for my own trading - Since I realized that my current strategy was not efficient at all and I was trading on an exchange with crazy fees. I sat down for 1-2 hours and tried different setups, and found out that I just had to make a few tweaks to make my current strategy work a lot better.
This is free and it will not ask for anything from you - not even your email. This is simply my Google Sheet in a more user friendly version that I personally use to improve my trading. My friends also use it regularly. So I wanted to share it with you as well. Hope thats OK!
https://i.imgur.com/x9uiVMi.png
I really think this step is very important but something that a lot of traders does not do - because it is difficult to do in Google Sheets or Excel.
Please let me know if you think this is helpful and if you have any questions.
All the best,
Joel
When I started day trading crypto 3 years ago, I didn't have a plan with my trading. I just thought "if my win rate is high, I will make money gogogo".
I think everyone is missing a very important step if you just do some TA and start trading.
"You need a strategy"
Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades.
I had no plan
When I look back at it, it was actually crazy how much I cowboyed my trading. Sometimes, I made +1%, sometimes -3%, sometimes +5%, sometimes +10%, sometimes -7%. There was no structure and I had no idea what results I could expect.
Since I had no forecast of my results, it was difficult to follow my rules. I simply lacked motivation to follow my rules. I think this is very common.
What worked for me
What made me go from a bad trader to a consistent profitable trader, was ACTUALLY using a strategy. Not only trading based on a vague strategy.
NOW - How the heck should I form a reliable strategy that works?
I opened up a Google Sheet and started writing formulas to estimate my earnings and losses from trading, based on different win rate, starting balance, leverage etc. It helped me a lot but it was so tedious to change the strategy in Google Sheets
I had enough. So I started to Google if there was a better way to do this. I found nothing. The only thing I found was a Forex Profit Calculator, but I wanted one for crypto.
Winrate.io was my game changer
So I made my own one. I created a website called winrate.io where you can test your current strategy or create a new strategy if your current one doesn't work.
This was a game changer for my own trading - Since I realized that my current strategy was not efficient at all and I was trading on an exchange with crazy fees. I sat down for 1-2 hours and tried different setups, and found out that I just had to make a few tweaks to make my current strategy work a lot better.
This is free and it will not ask for anything from you - not even your email. This is simply my Google Sheet in a more user friendly version that I personally use to improve my trading. My friends also use it regularly. So I wanted to share it with you as well. Hope thats OK!
https://i.imgur.com/x9uiVMi.png
I really think this step is very important but something that a lot of traders does not do - because it is difficult to do in Google Sheets or Excel.
Please let me know if you think this is helpful and if you have any questions.
All the best,
Joel
I think is is a wrong question, because the best traders in the world not all the time green, Secret of their trading - they very quick cut losses, so they have a lot of trades with little losses like - 0,1%, 0,2%, 0,5%.
The idea is:
- You cut the loss quickly and do not let it shrink, triple, etc.
- To sit out a loss and miss opportunities to acquire something that does not fall, for example.
And than you catch really good position like buying BTC, at this year maybe at points of 5500$ and 12300$, you almly remain in growing profits all the time while the growing trend is on your side.
That`s why top traders can loose money for months doing quick losses cut, to catch the trend, that give you money for next years.
As a trader we need to be patience, this is very important actually, because in trading there is always risk involved. Meaning, don't trade what you can't afford to lose. So, staying in green will give us a sure profit at most of the time. But if you are going to implement the scalping method it will only lead you into a high risk only for sure.
Having a good trading system is better than to say what you can afford to lose, yeah I think that the last strategy that we should have. If you have trading system you will hava your own rule to entry in every marker that will you trade. It means, if your prediction have 70% to getting profit then you will entry to the market but otherwise if you just have 10% to get profit and the rest you have incredulity then you must pass through the market and comeback when you have a 70% chance. By doing that, you will maximize your profit and minimize the slightest loss that you will face. 
I really think this step is very important but something that a lot of traders does not do - because it is difficult to do in Google Sheets or Excel.
Yeah, there are lots of people joining trading everyday and there are also so many people who are quitting because they don’t get a thing about trading, it’s a difficult thing for anyone to do. But, it’s always good that you revisit your trade history and check the mistakes you have made, this will help you to know what and where to take corrections so that you won’t be repeating that same mistake over and over again, instead you will realize the best way to handle it and place better trades and make profit.It’s all with time, it’s not something you will learn immediately. And about having a strategy that one can use for trading, a lot of people have mentioned this here a lot of times.
All traders definitely have a desire to be in the green zone, but unfortunately reality says differently. Since crypto trading cannot always
be in the green zone, sometimes traders have to feel in the red zone too. And there is nothing wrong with it, that is normal thing experienced
by all traders. The most important thing is that the strategy we use is effective and can generate profits that can be said to be successful.
So every trader has to practice a lot in order to improve their trading skills, that way when in the green zone or red zone we can still make
the right decisions.
be in the green zone, sometimes traders have to feel in the red zone too. And there is nothing wrong with it, that is normal thing experienced
by all traders. The most important thing is that the strategy we use is effective and can generate profits that can be said to be successful.
So every trader has to practice a lot in order to improve their trading skills, that way when in the green zone or red zone we can still make
the right decisions.
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always get profit ?, of course a trader must analyze correctly, be it analyzing the market or analyzing the price itself,
I guarantee that no trader can always be in the green zone continuously, there will be a red road that is always waiting for the trader,
even though he is an expert, I am sure the lose will always be part of it.
I guarantee that no trader can always be in the green zone continuously, there will be a red road that is always waiting for the trader,
even though he is an expert, I am sure the lose will always be part of it.
Yes, it is difficult to always get a green, even if that trader is a pro trader. The market is unpredictable, and that can make us feel difficult to analyze the market moves. We need to know when we should leave the market in a profit position, and do not force ourselves to continue trading if we think that it is difficult to enter the market. It is better to take a break for a while than to continue trading if the situation is not right.
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Earning 10k is a lot more than losing 10 dollars and gaining a lesson, because a lesson you gain from 10 dollar lost will not be much, plus losing 10k would mean you would learn a huge lesson but you are down 10k dollars which is a lot. Hence I think everyone should aim at profit in the long run, even if not for each trade.
Well the best thing about kind of conversation is that idea from different perspective are been discussed and the best is agreed on. All you have said isn't wrong so as mine. It's better to profit then to lose but do understand that the profit don't come always. No trader can be in profit from the very beginning of their trade to date. At some point they must have lose either as a result of their ignorance or the market just crashing unexpectedly like the Covid19 crashed that occured in march this year.
Some situation might occurs that their profits are huge to cover their losses although that doesn't mean they won't have some negative trade. The ideas behind my logic is losses make you set up review your strategy and work on them while profits make you feel too confident.
We have scenario where traders become too confident as a result of their simultaneous profits from trade to trade and if precautions aren't taken they make huge mistakes that cost them almost all their profits it majority due to a sudden change in market.
always get profit ?, of course a trader must analyze correctly, be it analyzing the market or analyzing the price itself,
I guarantee that no trader can always be in the green zone continuously, there will be a red road that is always waiting for the trader,
even though he is an expert, I am sure the lose will always be part of it.
There are ways to be "always in green" if you are rich enough, obviously it will still be never always green because this is trading and there are always ups and downs but if you are quick enough you can minimize your losses as much as you can. How? Well if you are rich enough, buy 1 million dollars worth of bitcoin from this price, the price drops? Buy 10 million dollars more of it, price drops again? Buy 30 million dollars worth of it. I guarantee that no trader can always be in the green zone continuously, there will be a red road that is always waiting for the trader,
even though he is an expert, I am sure the lose will always be part of it.
Basically you keep buying the lower it goes in magnitudes of what you initially invested, that way you will get closer (very) to what it is at that moment, and with just one increase you will be in profit.
This is almost guaranteed way to keep in profit, but it has one requirement, you can't do this with things that will crash, if you do that you will lose all your money very quickly when it becomes zero, so you need to do this on things like bitcoin or ethereum, and not some brand new defi project.
always get profit ?, of course a trader must analyze correctly, be it analyzing the market or analyzing the price itself,
I guarantee that no trader can always be in the green zone continuously, there will be a red road that is always waiting for the trader,
even though he is an expert, I am sure the lose will always be part of it.
I guarantee that no trader can always be in the green zone continuously, there will be a red road that is always waiting for the trader,
even though he is an expert, I am sure the lose will always be part of it.
As a trader we need to be patience, this is very important actually, because in trading there is always risk involved. Meaning, don't trade what you can't afford to lose. So, staying in green will give us a sure profit at most of the time. But if you are going to implement the scalping method it will only lead you into a high risk only for sure.
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