What you said is the truth. People loss in trading because they are expecting to hit higher price of the trade and refuse to stop the trade when they have gotten small so greediness is the number factor that is making people to loss big. When a trader chase a trending 📉📈 then he is also chasing for his own loss and that is why I always advice anyone who is close to me and a trader to be contented of what they have gotten.
Like if you trade with 1000 USD and got $50 in five seconds then you have to close the trade and open another trade after checking the market to know if it is good to enter or not. Greediness is equivalent to loss in trading.
Topic: When Trading becomes Unfavourable - page 5. (Read 1734 times)
This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.
This comes down to greed , and you can also look at it as risking everything, most times they don't intend to loose the trade, they take the bold step of not including stop loss because they are aiming for something bigger and huge, Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.
I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something.
You look like you are someone who is aware of the risks, but not everyone is like that. If some newbie had the same thing, they may think that it is going to end up with something much larger, like they may think that they are going to end up with a win each time and make mistakes, so we should consider that as a big risk.
Trading is never been easy and never be something that could really be able to succeed yourself.
You would really be passing up tons of challenges and things on which you would really be needing to learn for you to have a good grasps on everything. This is why for you to be able to
survive then you should really know on how to make adjustments if things turns out to be messy.
(....)
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 a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.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.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.
I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something.
This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.
This comes down to greed , and you can also look at it as risking everything, most times they don't intend to loose the trade, they take the bold step of not including stop loss because they are aiming for something bigger and huge, Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.
I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something.
You look like you are someone who is aware of the risks, but not everyone is like that. If some newbie had the same thing, they may think that it is going to end up with something much larger, like they may think that they are going to end up with a win each time and make mistakes, so we should consider that as a big risk.
(....)
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 a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.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.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.
I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something.
trading with stop loss is if in futures or forex aka trading with leverage because if without stop loss can MC and run out.
if trading on spot without SL is a normal thing. I never use stop loss at all. but yes, trading on spot if the price drops, just stake it waiting for the coin price to rise again.
(....)
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 a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.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.
Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price.
Some don't have stop loss and they are hoping their entry will recover.
I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something.
Changing the plan or trying to increase your position in the middle of the trade is one thing that can bring about unfavourable result especially when its basically to increase your profits because the trade is playing out as predicted. this can also be related to greed . the best thing is to follow your plan and be satisfied with whatever profits you make. you cant make all the profit at once but you can lose all your capital in a single trade because of greed or over ambition. if your strategy has DCA then you can use it or else just accept your loss when your trade hits the stop loss and wait for the next signal.
When trading become unbearable, then definitely there must be something wrong somewhere and we have to adjust and fix that for our own benefits, this may require some specific actions from us which we are going to take in favour of what we do, we can pause for a while, change our trading strategies, increase our active participation in learning about trading and also give more commitment to getting some of the trading tips and indication for our own personal interest, this may give some challenges we required.
Changing the plan or trying to increase your position in the middle of the trade is one thing that can bring about unfavourable result especially when its basically to increase your profits because the trade is playing out as predicted.
One thing is not having the right entering point from your analysis and along the line, you choose to change. It’s as deadly as it sounds because, I trend is supposed to last for just a good enough time and then it changes. Now, haven’t identified the direction of a trend and it happens to not favour your analysis and you choose to change your trading position based on the current trend’s direction, you could as well experience a change in trend direction and that would be more damaging than having maintained your earliest analysis.You just have to stay your course, better still, have your take profit and stop lose set up and when you just can’t endure it, you leave the market or trading for the day.
Changing the plan or trying to increase your position in the middle of the trade is one thing that can bring about unfavourable result especially when its basically to increase your profits because the trade is playing out as predicted. this can also be related to greed . the best thing is to follow your plan and be satisfied with whatever profits you make. you cant make all the profit at once but you can lose all your capital in a single trade because of greed or over ambition. if your strategy has DCA then you can use it or else just accept your loss when your trade hits the stop loss and wait for the next signal.
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.
It is very important to stick to your trading plans as this help keep your psychology in check. Especially when the trades are not going the way you expected it would. Your plans can help you avoid adding to loosing positions and also keep your mind in check when you are in a winning position to avoid too much excitement especially when your wins are big and exceeding your expectations.
Trading plans when flaunted comes with great consequences, some of which can be rewarding and some devastating. Which ever consequences we happen to experience sticking to your trading plans still stands out as every parameters needed for your trade is usually met before entry and exit on every trade placed. This makes your trade more reasonable which gives you room for a better incorporation of your risk management. Personally, I think with out a trading plan, risk management may not be in place aswell hence exposing you to too many risk which may end up in accumulated losses and a messed psychology
Having experience from other fields such as stocks and forex is certainly a very good support. Even people who have experience in stock trading, they must have experience in how to fundamentally analyze a project. And if beginners in crypto also have experience in forex trading then they may already be proficient in technical analysis. So that getting into crypto won't be too difficult for them to adapt.
There's always a difference between any individual that has an idea about trading than someone that's new to trading. Learning cryptocurency trading will be easier for you when you already have an idea from trading other markets like stock trading. All trading market are similar but the difference with cryptocurency trading is that the market is very volatile and it can make you lose your money very quickly when you don't understand how the market works.
When you start trading and also when you have gained some experiment in trading, it won't always go smoothly for you as somedays you'll have worst days in the market as your trade won't be profitable but this doesn't mean you should quit but you should take a break and rest.
Trading has always been favourable to us because it remains the way it has always appears to be but we are the ones that don't give it the desired efforts needed in having the best experience out of it, when we learn how to trade, we become knowledgeable about it, because our mind is set on it, then also, being a trader qualifies you to be know that it takes risk to trade just as what it takes to earn from it.
ride which means that you would really be hovering yourself with those ups and downs which it would really be the most basic thing that you would be encountering on this unpredictable space.
Trading results or outcomes would really be entirely be neither be positive or negative and doesnt matter whether you are a noob or a pro which results would be the same. The main difference between both things is that
trading analysis and actions would really be entirely be different because each approach and decisions would be made will really be determining on how knowledgeable you are or
on how you would really be handling up yourself basing up on what you had learned in the past.
Having experience from other fields such as stocks and forex is certainly a very good support. Even people who have experience in stock trading, they must have experience in how to fundamentally analyze a project. And if beginners in crypto also have experience in forex trading then they may already be proficient in technical analysis. So that getting into crypto won't be too difficult for them to adapt.
There's always a difference between any individual that has an idea about trading than someone that's new to trading. Learning cryptocurency trading will be easier for you when you already have an idea from trading other markets like stock trading. All trading market are similar but the difference with cryptocurency trading is that the market is very volatile and it can make you lose your money very quickly when you don't understand how the market works.
When you start trading and also when you have gained some experiment in trading, it won't always go smoothly for you as somedays you'll have worst days in the market as your trade won't be profitable but this doesn't mean you should quit but you should take a break and rest.
Trading has always been favourable to us because it remains the way it has always appears to be but we are the ones that don't give it the desired efforts needed in having the best experience out of it, when we learn how to trade, we become knowledgeable about it, because our mind is set on it, then also, being a trader qualifies you to be know that it takes risk to trade just as what it takes to earn from it.
By using stoploss plus, it can give us the opportunity to get better profits, and if it doesn't go according to plan then we will still make a profit. in this way at least it can lighten our mental burden so that we can still think positively. actually no one knows what will happen to the next market so we seek security in trading, and that way we can control the feeling of greed that often arises, where it can have bad consequences and damage our psychology
The function of stoploss is to set a limit at a certain point on the assets you want to invest in so that you can minimize losses in the market and this is very often done by investors. Because the application of stop loss is only for those who are able to withstand losses at a certain price point so that the losses are not too much, it is clear that it will not be bad to use because an investor can determine the burden of losses that he will bear himself. Because in terms of profits, of course everyone is always ready to accept them well, but in terms of losses, I think not everyone is able to accept them at a certain point.investors probably won't use the stop loss function on the exchange. they are oriented toward long-term plans, most will not leave their assets on the stock exchange. they buy and withdraw assets and hold them in the wallet. investors will be very capable of sticking to the initial plans they made. if they are still losing money due to market movements, then waiting is the best option.
By using stoploss plus, it can give us the opportunity to get better profits, and if it doesn't go according to plan then we will still make a profit. in this way at least it can lighten our mental burden so that we can still think positively. actually no one knows what will happen to the next market so we seek security in trading, and that way we can control the feeling of greed that often arises, where it can have bad consequences and damage our psychology
The function of stoploss is to set a limit at a certain point on the assets you want to invest in so that you can minimize losses in the market and this is very often done by investors. Because the application of stop loss is only for those who are able to withstand losses at a certain price point so that the losses are not too much, it is clear that it will not be bad to use because an investor can determine the burden of losses that he will bear himself. Because in terms of profits, of course everyone is always ready to accept them well, but in terms of losses, I think not everyone is able to accept them at a certain point. 
Trading is not the easy one like the game,you need to analysis daily and make your own way of approach in the trading.Some traders will do the trading without analysing the game.So like that traders won’t shine in the trading for the longer period.As we know trading is not easy like the gambling.The important in any business is learning the fundamental.Then the trading is just like nothing to the gamblers.The analysing need of time and the trader should ready to the analysis and use the time for learning trading.Once day trading will gives you huge return.
Although some people think that trading is very easy, but in my opinion, trading is a very difficult task. Investing you can do easily but trading is a job for very experienced people. People who will trade without analysis in trading will definitely lead to loss. Trading is not like a game, nor is it like gambling that you can play whenever you want. It requires a lot of caution and knowledge.
Trading is done after experience, knowledge and learning about every aspect. There is no business in the world where we can start trading without learning. We should first know about its basic aspects. Profit and loss are involved in every business, but we need to gain experience to improve our profit rate. An experienced trader always does his analysis before trading. Sometimes our analysis may be wrong but we try our best to get good trade from our analysis and estimates. Of course day trading can give you huge profits but it will take you a lot of time to learn and understand.
That is why I used to tell people that it's more easy to make money in trading as a fundemantal trader than Technical trader, you need to expert in both analysis to make profits but you need more of fundamental to survive in trading. There are many instances where traders believe too much on technical analysis and neglect the fundamnetal, doing this or practicing this is the fastest way to go broke in trading or go zero if things unfold fastly.
However, there instances where technical lead the fundamental, this is the period where good news or bad news don't happen, the global trend of the market decide where the asset go for that particular time in real time.
Trading is not the easy one like the game,you need to analysis daily and make your own way of approach in the trading.Some traders will do the trading without analysing the game.So like that traders won’t shine in the trading for the longer period.As we know trading is not easy like the gambling.The important in any business is learning the fundamental.Then the trading is just like nothing to the gamblers.The analysing need of time and the trader should ready to the analysis and use the time for learning trading.Once day trading will gives you huge return.
Trading isnt always talking about making profits or money because there are really indeed days or moments which losing is inevitable.The important thing here is that you do really know on how to control yourself and knows on how to go with your analysis or would really be following it. We know that its not something simple but doesnt mean that its impossible. Its a matter on how you would
really be dealing up with it carefully and wisely.
That is why I used to tell people that it's more easy to make money in trading as a fundemantal trader than Technical trader, you need to expert in both analysis to make profits but you need more of fundamental to survive in trading. There are many instances where traders believe too much on technical analysis and neglect the fundamnetal, doing this or practicing this is the fastest way to go broke in trading or go zero if things unfold fastly.
However, there instances where technical lead the fundamental, this is the period where good news or bad news don't happen, the global trend of the market decide where the asset go for that particular time in real time.
Trading is not the easy one like the game,you need to analysis daily and make your own way of approach in the trading.Some traders will do the trading without analysing the game.So like that traders won’t shine in the trading for the longer period.As we know trading is not easy like the gambling.The important in any business is learning the fundamental.Then the trading is just like nothing to the gamblers.The analysing need of time and the trader should ready to the analysis and use the time for learning trading.Once day trading will gives you huge return.
What do you mean change trading plans? If you initially determined a trading strategy for yourself and know how you will act, then what can you change? Let's say you entered a trade and you know at what price you will take profits, everything is clear here. You also know at what level you need to set your stop loss so that the losses are minimal. If you trade without stop losses, then not everything will depend on you, and perhaps in this case you will have to change and come up with something when your losses reach significant values.
I personally have gone out of plans several times that I have made myself in trading. Usually the strong reason that makes me change my trading plan is when bad or good news suddenly appears. Or fundamental news that will have a big impact on market movements. Like initially I will take profits at a certain level at first. but there is good news that could impact the hike higher. So I will shift my profit target. And change the previous profit target to stop loss plus. that's also something I recently learned from someone and it works well.That is why I used to tell people that it's more easy to make money in trading as a fundemantal trader than Technical trader, you need to expert in both analysis to make profits but you need more of fundamental to survive in trading. There are many instances where traders believe too much on technical analysis and neglect the fundamnetal, doing this or practicing this is the fastest way to go broke in trading or go zero if things unfold fastly.
However, there instances where technical lead the fundamental, this is the period where good news or bad news don't happen, the global trend of the market decide where the asset go for that particular time in real time.
Having experience from other fields such as stocks and forex is certainly a very good support. Even people who have experience in stock trading, they must have experience in how to fundamentally analyze a project. And if beginners in crypto also have experience in forex trading then they may already be proficient in technical analysis. So that getting into crypto won't be too difficult for them to adapt.
There's always a difference between any individual that has an idea about trading than someone that's new to trading. Learning cryptocurency trading will be easier for you when you already have an idea from trading other markets like stock trading. All trading market are similar but the difference with cryptocurency trading is that the market is very volatile and it can make you lose your money very quickly when you don't understand how the market works.
When you start trading and also when you have gained some experiment in trading, it won't always go smoothly for you as somedays you'll have worst days in the market as your trade won't be profitable but this doesn't mean you should quit but you should take a break and rest.
Changing trading plans is not always detrimental, this depends on the market, if you do have to change plans, there is nothing wrong as long as we can minimize losses. Only you know all trading plans because everyone's plans are different.
However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades.
What do you mean change trading plans? If you initially determined a trading strategy for yourself and know how you will act, then what can you change? Let's say you entered a trade and you know at what price you will take profits, everything is clear here. You also know at what level you need to set your stop loss so that the losses are minimal. If you trade without stop losses, then not everything will depend on you, and perhaps in this case you will have to change and come up with something when your losses reach significant values.However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades.
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