When Trading becomes Unfavourable - page 2.

Lantind

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Quote from: boyptc on February 04, 2024, 12:13:20 AM

Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it.

If doing day trading works for you then be better with your decisions and be profitable.

Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade.

Yes, it would be better for us to choose the type of trading according to the knowledge we have in order to make a profit, because if we follow the current trend it is possible that we will not be able to properly analyze the current market conditions so that we make mistakes in analyzing the market and also make wrong decisions in trading, it's true that a trader can't always make a profit, of course they make mistakes that result in losses from the trades they make, so it's important for us to be careful in deciding something when trading to be able to minimize losses in trading.

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Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it.

If doing day trading works for you then be better with your decisions and be profitable.

Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade.

Negotiation

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Quote from: KupaCrypto on August 14, 2023, 06:17:23 AM

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

My opinion here is that it is better to refrain from trading when trading is not in your favor because by refraining from training you will survive your loss and later these will turn into your profits. After that, you need to understand the market where the market train is basically positioned. if you understand the marketing trend will be positioned toward it. In this case, you should refrain from trading because if you open any kind of trading during this period it will turn into a loss instead of a profit.

bettercrypto

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Quote from: KupaCrypto on August 14, 2023, 06:17:23 AM

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

The challenges that we will face in crypto trading are the ones that will help us learn the truth. The question is, are we ready to face these challenges? There are others who, because they don't expect the challenges, easily give up immediately.

If we can't get or learn how to make money trading here in crypto, we should just continue what we started here. If the method we used was not effective, the simple thing to do is to change it and learn what we think is right, which can help us earn in this trading.

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Quote from: boty on February 03, 2024, 01:18:15 PM

Quote from: snowpega on January 30, 2024, 01:57:44 PM

This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed.

If we trade greedily, it will be very unlikely that we will be able to make the right decision in the trade we are making and this will also be very detrimental to ourselves, we will incur a lot of losses if we do it greedily.
Yes, it would be very good for us to have a plan before starting to trade and when we have reached the target we have set we will be able to take advantage of the trade so that we don't analyze again and continue to hope for the profits we will get in trading so that we have missed the benefits we have gained.

There are many times trading had become unfavorable for me and I had no option than to take the outcome like that. We need to be wise and make decisions that would always help us to be a better traders.
There are time when trading becomes unfavorable, I always try to learn more and look for reasons why my trade could not hit the target.
I am mire interested in learning and nit just making money for myself. It is good to be a skilled trader.

Gladitorcomeback

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Greed is curse so one who is greedy in trading will never get profit but will loss money on daily basis due to evolved emotions in his trading. Actually these factors are possess by those individuals who are new to market and has no knowledge but an expert does not follow trend always but they do deep research for trading.

Actually one can say that a person can control his emotions then he can win in trading but he cannot say that a person should stop emotions because emotionless person never think about money or other things as nothing matters for him.

Read about trading, search through watching videos and reading articles, make a plan, set a cash amount for trading, put a limit, don't think with greediness and accept what you have, so if someone learn these things he can easily get huge profit from trading. Trading is risky and hard but an expert can also get huge sum to build a building just because of this trading.

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Quote from: snowpega on January 30, 2024, 01:57:44 PM

This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed.

If we trade greedily, it will be very unlikely that we will be able to make the right decision in the trade we are making and this will also be very detrimental to ourselves, we will incur a lot of losses if we do it greedily.
Yes, it would be very good for us to have a plan before starting to trade and when we have reached the target we have set we will be able to take advantage of the trade so that we don't analyze again and continue to hope for the profits we will get in trading so that we have missed the benefits we have gained.

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Quote from: snowpega on January 30, 2024, 01:57:44 PM

Quote from: KupaCrypto on August 14, 2023, 06:17:23 AM

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed.

Greed is indeed the most common problem that most people would really be able to encounter on which this isnt really just that limited to trading but also with gambling or anything that would really be talking about earning money on which this is something normal that people would really be that aiming for more. Anything that do talks about earning profits then you would normally be having those kind of aims that you would really be needing to do more for you to earn more without even trying to mind off about on the risks involved. Trading isnt always that profitable on which there are really indeed days that you would really be needing to face up those loses on which it is really just that normal that you would be needing to adjust.

You should really that make yourself that able to adapt and able to accept out on whatever situation you are involving with.

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Quote from: Rehan Zakir on January 30, 2024, 09:35:25 AM

When you takes wrong decisions..

A wrong decision is also a learning point. Nobody seems to give it that importance.

Quote

It means when your trade goes opposites to your prediction.

If your trade goes opposite of the prediction then you still have the exchanged asset at hand and you still have a chance to break even when that asset comes back up. So if you are staying in limitation to the top level altcoins and bitcoin you should be good for a few months.

Quote

You have to keep patience don't react too much on it. Try to book some loss and take patience and wait for the best time to take an entry.

Indeed patience is important, mindset too, because keeping the nerves in such situations is tough. Hence always trade assuming the money put in will get lost in due course.

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Quote from: KupaCrypto on August 14, 2023, 06:17:23 AM

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed.

bettercrypto

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Quote from: KupaCrypto on August 14, 2023, 06:17:23 AM

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

I just want to add that through the experience of other gamblers who made a mistake in the strategy they made, we can learn from their mistake so that we don't have to go through the same mistake they made.

And if the strategy we are using is making a profit, there is no reason to stop it unless there is no improvement in the strategies we are using, right? So it's still good that we shouldn't stop learning here in the crypto space.

Rehan Zakir

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When you takes wrong decisions.. It means when your trade goes opposites to your prediction. You have to keep patience don't react too much on it. Try to book some loss and take patience and wait for the best time to take an entry.
Trading is a name of patience.

wendty

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Those who have excessive greed for money face loss. Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them. It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital. There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses. Many people do not want to sell even if there is a fixed profit in the hope of extra profit. But when they see the price going down, volatility sets in and they sell less than the capital. For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.

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Quote from: KupaCrypto on August 14, 2023, 06:17:23 AM

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

Absolutely, factors like greed and trend-chasing can lead to unfavorable trading outcomes. It's crucial to follow a well-defined trading plan and avoid impulsive decisions, as deviating mid-trade can often leads to losses. I agree that facing and learning from trading challenges is key. To lower risks, it's important to only trade with money you can afford to lose. Diversifying and regularly rebalancing your portfolio can also help manage risk and optimize returns. This balanced approach is essential for navigating the complexities of trading. Remember, disciplined and informed trading strategies are fundamental to success in the volatile world of investing.
If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

Dr.Osh

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Well, that's why people say that trading is difficult. even though we have prepared plans such as limits to sell when we make a profit or loss, but sometimes we get greedy, or maybe think that our profits could be higher, or our losses could be less, so sometimes people change their plans and holding the coins they own is beyond their plans.
This also often happens to me, where I sometimes forget what I should do, and instead make new plans in the middle of trading. well, sometimes it works, but sometimes it creates huge losses. However, it would be best if we took profits that weren't too big, and followed the plan we had from the start.

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Quote from: KupaCrypto on August 14, 2023, 06:17:23 AM

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

The keys to successful trading are: plan, discipline, risk management, emotional control. Training and experience will help you deal with challenges such as greed and trend chasing. Not changing your trading plan mid-trade is important to prevent losses. Yes, it is precisely not to change the top plan, because emotions constantly come into force, and they do not lead to anything good.

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Quote from: elwinsmith on January 28, 2024, 10:47:18 AM

Successful trading demands adapting to challenges, emotional control, sticking to plans, and selecting reliable assets like Bitcoin. Learn from losses and adjust strategies for continuous improvement.

All of this takes time to do gradually because doing things like controlling emotions, sticking to plans, and choosing reliable assets cannot be done simultaneously at one time. Especially if all of this is aimed at beginners who are just learning to trade in the crypto market, so they will obviously need time to make every adjustment to themselves and apply it to their trading gradually. Apart from that, everyone also needs to look at market conditions every month because currently crypto market conditions still tend to change due to several influences that come suddenly.

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Quote from: batang_bitcoin on January 05, 2024, 05:30:14 PM

Just don't expect too much whether you're an expert, profitable trader or not. That is the basics on this life when you're in a highly volatile market and you don't know what's going to happen next. That's the mistake of many people when they've won a few trades, they think that it's going to help them a lot and will become profitable trader on an instant but it doesn't go like that. There's so much to learn being a beginner and even the experts and good ones keeps on learning with their losses.

Yes, of course we cannot hope too much about the achievements we have achieved and that we will be able to get the same profits again in the future and we will not be able to know for sure the price movements are exactly as we predicted and those who have been able to gain profits from several trades but they may not necessarily be able to repeat themselves in the same way to be able to gain profits from these trades, so it is very important for us to keep updating our knowledge about the trades we make so as not to lose the capital we have in these trades.

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Successful trading demands adapting to challenges, emotional control, sticking to plans, and selecting reliable assets like Bitcoin. Learn from losses and adjust strategies for continuous improvement.

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Quote from: MFahad on January 04, 2024, 09:58:47 AM

If two people make different analyses, then the analysis of one of them will definitely be correct. Sometimes I see people telling about the market that from here there are chances of the market going up, and it can also go down, so of course everyone can do this analysis. It is also not necessary that our analysis is correct every time, or that the analysis on which we trade turns out to be correct every time.

All experienced traders make their own analysis, but the market always takes its own direction. The market can also go against our analysis so we must be prepared for every situation. Always give priority to your own analysis. Other people are certainly good at analyzing the market, but until we become experts in it ourselves, we always have to rely on others. So always be self-reliant, our mistakes make us experienced.

Yes exactly, No matter the analysis you use, weather yours or not, the market will still take its direction not respecting the analysis of anybody, I think certain measures and features have been put in place when trading you won't loose everything, which is to the advantage of we the traders,
The market can be analysed but can't be predicted, so when taking risk we should be mindful of the kind of risk we take,let's learn to take risk according to our financial power or strength.

Topic: When Trading becomes Unfavourable - page 2. (Read 1648 times)