Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Zed0X on January 21, 2019, 07:46:24 PM
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An interesting quote I read today
"Predict? Yes. That's implied when you make a trade. Just don't stick to your predictions if the market tells you something different." - J. Leavitt
This just reminded me of most of my mistakes back when I was new to trading.
If you ever plan to trade, do not rely on "hopes" and being "positive" that the price will go up soon. Do not go against the flow of the market because doing so will only lead to losses.
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That is 100% true and most of our losses are made because we are just so stubborn and wants to stick to our plan even when the market says a totally different thing, it is great to have a plan and prediction but that should not stop you from adapting to the market changes and make new plans according to it.
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What should we do instead of fighting, having fun?
Maybe bounties can save the day, but..?
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What should we do instead of fighting, having fun?
Maybe bounties can save the day, but..?
I do not know if you are being sarcastic or maybe you did not read my entire post. Check it again, the answer is there.
That is 100% true and most of our losses are made because we are just so stubborn and wants to stick to our plan even when the market says a totally different thing, it is great to have a plan and prediction but that should not stop you from adapting to the market changes and make new plans according to it.
Well said. "Stubborn" is a very appropriate word for those who refuse to accept the direction of the market.
You just earned +karma for that.
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Well, an interesting quote.
In trading, fighting for the market will only make our feeling worse.
Well, I mean that if we keep trading, this is a certain way of setting the strategy to fit every condition of the market. Not prediction, but the right analysis is very important. We must also be careful in analyzing the market chart, every second will have different rate, that is why, wise, careful, and also smart decision will be very essential.
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We must be careful in analyzing market charts, every second will have a different level, which is why, wise, careful, and also intelligent decisions will be very important. I mean if we continue to trade, this is a certain way to set a strategy to suit every market condition. Not predictions, but the right analysis is very important.
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It's good and not to have a plan and prediction, but that shouldn't stop you from adapting to market changes and making new plans according to it. Most of our losses are made because we are so stubborn and want to stick to our plans even when the market says things completely different.
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Crypto is not a thing to make predictions about
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Indeed, not all predictions of crypto experts are not always correct, and there are also experts who deliberately make predictions that are loaded on a media deliberately to make certain conditions that will benefit certain traders.
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I agree. Another quote that compliments that is this, "A trader should have no opinion. The stronger your opinion, the harder it is to get out of a losing position."
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An interesting quote I read today
"Predict? Yes. That's implied when you make a trade. Just don't stick to your predictions if the market tells you something different." - J. Leavitt
This just reminded me of most of my mistakes back when I was new to trading.
If you ever plan to trade, do not rely on "hopes" and being "positive" that the price will go up soon. Do not go against the flow of the market because doing so will only lead to losses.
Well, the market has Always the reason, but I think trading is not buying when market rises and selling when goes down. You shoul have a strategy, and therefore try to foresee the market behavior.
I think that it's better say to try adopt a strategy based on real events.
What do you think?
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A lot of people will not agree to this. I also made this similar mistake when I was a few months old in crypto. Imagine having a 100% gain already and not selling, from that it went down to 50% gain and still not selling because I was thinking it'll have a second wave up. To cut the story short, the profits turned into a loss.
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If you are engaged in trading, you need to rely on yourself and you don’t need to think that tomorrow the token that you bought for example today will start growing tomorrow, you must always rely on today, everything is very difficult in trading and you should always think a few steps ahead.
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This is for sure, many of our losses are due to the fact that we continue to go ahead and are more likely to excitement than common sense, with the result that we get this result!
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Yes this is one of basic rules if you are a trader..."trend is your friend" so don't fight against the trend... it's different if you are a buy and hold investors where time picking is more important.
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What should we do instead of fighting, having fun?
Maybe bounties can save the day, but..?
You can have fun if you want and see where it leads you. It is your money anyway. But goodluck with that
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Making a quick change is not the best option, but making a smart one is. Most people sell immediately the market turns red and looking back at it, its green again, which leads to loses. Making a smart move with the market will make you enjoy your stay.
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If you are fighting with the market then you knowingly at a disadvantage, due to the fact that the market is killing everyone who is trying to go against it.
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It seems that everyone is trying to make money on the market and how it moves, but no one is trying to go against the market.
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An interesting quote I read today
"Predict? Yes. That's implied when you make a trade. Just don't stick to your predictions if the market tells you something different." - J. Leavitt
This just reminded me of most of my mistakes back when I was new to trading.
If you ever plan to trade, do not rely on "hopes" and being "positive" that the price will go up soon. Do not go against the flow of the market because doing so will only lead to losses.
But buying what's high and popular, you'll never make any profit.
All the shares which were bought for a penny, then turned out to be the the shares of the giant companies.
Anyway, does anyone know any good book on crypro or trading? Thanks!
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That is the understanding we need to have that our hopes and positive believe doesn't change the market then trading will be better for us with less panicking
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The market is like the weather, you can analyze and predict it, but if you want to overcome it, then you lose.
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whoever thinks he can predict the market must know that everyday can't be the same. you might get it right today and you might fall tomorrow. currently, market this days are terrible to predict the bears are taking over the bulls.
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seriously. this is one of the reason am still skeptical about this market of a thing. you can not have an accurate prediction of the market. no matter how professional you are. it might still sway to another direction. quite some how pathetic.
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seriously. this is one of the reason am still skeptical about this market of a thing. you can not have an accurate prediction of the market. no matter how professional you are. it might still sway to another direction. quite some how pathetic.
While the cryptocurrency market is the most volatile, still you cannot accurately predict any other markets such as stocks and forex. I also do not find that a pathetic characteristic, people still makes money out of that.
Anyway, does anyone know any good book on crypro or trading? Thanks!
I was able to get some free trading ebooks 2 years ago. Try to search on google. You can also find some good info at this forum trading discussion board.
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The first that read the market tendence reaches the best margins.
But it is not simple find and recognize the tendence.
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I always follow the market signal for the best profit, never go opposite site because the market now is so volatility and we can lose easily
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Unfortunately the volatility is so high so you never can be sure what is going to happen next...
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Indeed and we should always look at the forming of the pattern of the chart to decide what we will do next in this crypto world
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I wonder if any fortune tellers are trading... They might predict correctly
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Don't fight the market is a term used in finance. It means do not bet or trade against the trend in the financial markets, i.e., if the broad market is moving up, do not bet on a downward move.
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Thanks for the suggestion. I also think that if you have a positive mind then you will get a very good profit. You just have to make a mind just that you buy a market then keep in mind that coin will go high soon and will make you a very good profit.
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Indeed, not all predictions of crypto experts are not always correct, and there are also experts who deliberately make predictions that are loaded on a media deliberately to make certain conditions that will benefit certain traders.
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An interesting quote I read today
"Predict? Yes. That's implied when you make a trade. Just don't stick to your predictions if the market tells you something different." - J. Leavitt
This just reminded me of most of my mistakes back when I was new to trading.
If you ever plan to trade, do not rely on "hopes" and being "positive" that the price will go up soon. Do not go against the flow of the market because doing so will only lead to losses.
Let it flow, market will have character, I agree with you don't against the market
As trader, we should buy when dump, hold and wait the market progress. Believe it, market will grow, but not fastly.
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Indeed, not all predictions of crypto experts are not always correct, and there are also experts who deliberately make predictions that are loaded on a media deliberately to make certain conditions that will benefit certain traders.
Sure, crypto currency is unpredictable.
Not easy to predict the market accurately.
We just learn the chart, predict the price but we all know crypto currency is volatile. I myself often wrong to predict.
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Of course, the market will never be able to fight it unless the whales have a large number of coins, so they can move the market, as happens when you can create a large number of USDT tokens so you can create a market dump or pump as you wish.
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Well, it depends your trading strategy. If you are a long term trader you will have to hold on to your trade before until it find it way to your direction if they is not going your way. If you are short term trader, you will have to make decision fast and not stay on the trade. There are times when you enter a trade and the trade will not go to your direction and later move to your direction. In crypto trading patient is a virtue.
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If you are short term trader, you will have to make decision fast and not stay on the trade. There are times when you enter a trade and the trade will not go to your direction and later move to your direction. In crypto trading patient is a virtue.