Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: laubeaud on August 20, 2024, 11:01:06 AM
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
How about this saying, "buy when there is blood on the street", meaning you should be buying crypto when the market looks bleak, doom and gloom or when things look worst.
Can it be considered as counter-trending? So for me this is also a good approach in trading or for any investment for that matter. It's a contrarian approach, but if you look at it, this is one of the best adage that has been know to traders for years and it could be very effective.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I think only beginner might trade against market trend. We all know that trend is friend. So we have to make our plan with the trend. This help to increase our chances to make more profit and decrease losses. Trading is always a risky way of earning if we trade against the trend it will be more risky. So follow the trend is always a good thinking and professional trader always make their plan according to the market trend. So i have never tried to set a trade against trend and never suggest to anyone to go against trend. Keep it mind it again trend is always our friend to go ahead on the market.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
This will depend on the type type of trader you are. Scalpers do not consider trends. They prefer to make use of indicators coupled with some other strategies to achieve good results. People that will use trends to trade are swing traders. If talking about trends, sometines there could be a reversal in such a way that the trend will go the opposite direction.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Though some advanced traders trades against the trend, it's still not advicible. Trading against the trend will put you into more risk than trading will expose you to. The best practice as a trader is to trade along side a current trend. Also you should make sure to look at the market from a bigger perspective view. Most time the trends in the htf might signify buy or sell but then the lower time frame significantly shows something else which will put you at risk of losing a well planned trade. Trading with all time frame in same trend will likely increase your win ratio more.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
Practically, trading without a trend makes you lose most often but you know that all traders can't think in the same pattern. There are people that will long the market and there are people that will short the market based on their own speculations on the market. Not everyone will be bullish about the market and not everyone will be bearish about the market.
There are some people thag think that the trend people follow are fake and sometime they are right about their predictions. When Bitcoin finish its halving a lot of people were saying Bitcoin is going to make a new all time high as high as $100k but unfortunately it never made it as we speak and anyone that has short market from there will be in money right now.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
everyone has their own strategy, now the market price is fluctuating with movements like we have to be alert in trading, don't let conditions like this make you lose.. conditions like this are not a trend because every year the average crypto price is like this due to many factors that make the crypto price go down.. if you want to trade with market price conditions like me, please be careful and must be smart in taking opportunities to seek profit.
-
Though some advanced traders trades against the trend, it's still not advicible. Trading against the trend will put you into more risk than trading will expose you to. The best practice as a trader is to trade along side a current trend.
Traders that are not ready to close positions on long term but prefer short term can not always be waiting for trading towards the trend. Like now that bitcoin is not going up and not going down so much but just in a less volatile way, should traders not trade? Traders continue to trade at all time. I noticed that both traders that open long or short position are making money now if they are patient.
Not that I am advising people to trade against the trend, but people always think it is easy to trade and easy to know the trend but that is not how trading is. If you are trading, you will understand what I mean.
-
Traders that are not ready to close positions on long term but prefer short term can not always be waiting for trading towards the trend. Like now that bitcoin is not going up and not going down so much but just in a less volatile way, should traders not trade? Traders continue to trade at all time. I noticed that both traders that open long or short position are making money now if they are patient.
Yes, some traders still trade in a consolidating market. To do this, you need to look at smaller time frames, like 15-minute or 5-minute charts, to find trading opportunities. I sometimes take trades against the trend, but this requires constant monitoring to avoid losses. Trading against the trend is harder and riskier, which is why I don't recommend it. It's only done to make small profits. The market is always moving, and some traders don't want to miss out. However, trading with the trend typically yields bigger profits than trying to catch a retest.
but people always think it is easy to trade and easy to know the trend but that is not how trading is. If you are trading, you will understand what I mean.
Trading isn't easy, but then you can tell what the current market trend is. You just have to look at it from the bigger picture ie, a higher time frame which is the monthly or weekly candles. This way you will be able to know what the current market structure. Then with your poi and patience you might find some good trade.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Completely and absolutely have to agree with you based on my own personal experiences, Ive counter-trend traded the market many times in the past, and most of this trades all ended up in a loss.
Reason I used to counter-trend trade the market is when and if I do not buy or support the idea of what is trending at that time, like when NFTs were trending, I refused to join the trend because I saw no value in them, I later joined but it was already late, I bought some NFTs and was unable to sell them even till today.
When meme coins was started trending, I also boycotted it because being a serious minded person, I saw no reason to put my money on things meant for jokes, I bought utility tokens rather, most of this utility token project are today no where to be found, meanwhile, those tokens are still there in my wallet absolutely worthless.
So, coming across this thread made me remember all that I've mentioned above, and indeed, I agree that trading against the trend in crypto can indeed lead to loses most of the time.
-
- It's just like this: when the price of gasoline is cheap or falls, will you buy it at an expensive price or at a cheap price? Even if you know that he is cheap, then you will still buy him at a high price. What do you or we call that?
Isn't it common in the Bitcoin field that most people always say buy in the dip, sell at high, or apply dca? Meaning, the common thing that trading experts do is that they go along with what the trend is and don't go against the trend because once you go against it, your fund will definitely lose in the end.
-
Hmm, OP is quite impressive in choosing words, I'm not sure if English is his/her first language or not, anyway that's not our topic of discussion, OP for sure your words possess weight age, in my personal view those who like to gamble with the trades go for such decisions like trading against the trends because these people are always looking for the six scoring ball but that most of the times take a wrong shot and lose their wicket.
No doubt trading trends always impact your trades, and as OP said my words are also the same follow the trend don't be liquidity to be used by others.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Identifying the trend is not an easy thing like at the current time half of the crypto dudes are saying the bullish trend is ending while the other half is saying the bullish trend has not started yet. But before the halving and the ETF approval all of the crypto dudes were on the same line that the market was bullish and they were buying.
That high demand took the market up and before halving BTC made new ATH. I have observed that you think you have identified the trend in some timeframe but the trend later turns out to be the opposite of what you have identified and I even have traded on this indicator that I assume the trend is up I took it opposite that it will go down. We should go with the trend but following the trend alone is not enough because trend can be faked.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
I often avoid following the trend as that's not my way of trading. I believe to trade against the trend and hold my positions to earn some profits overtime.
I'm not a day trader but someone who believes in holding if my profits percentages doesn't reaches and if market goes further down then I do averaging to increase my profits and decrease my losses.
That way of trading is working for me and I hope it will work for me for long term. So far I have made some good profits and I make good profits on weekly to monthly basis with my own trading strategies and plans.
-
when the market trend is an uptrend, traders will have to identify whether this uptrend can occur in the longer TF.
they confirm the uptrend when;
in the monthly chart the trend is going up.
in the weekly chart, the trend is going up
in the daily chart, the trend is going up.
Do you only trade according to the trend or you counter-trend trade from time to time?
if the trend if your friend, then you would likely be go long to profit. its always buy buy buy even when you are in the spot market.
-
everyone has their own strategy, now the market price is fluctuating with movements like we have to be alert in trading, don't let conditions like this make you lose.. conditions like this are not a trend because every year the average crypto price is like this due to many factors that make the crypto price go down.. if you want to trade with market price conditions like me, please be careful and must be smart in taking opportunities to seek profit.
Exactly. We have our own way in trading. We must have the reason to choose certain strategy in trading. However, it won't be a big problem if we can use several trading strategies. Crypto market always fluctuates, there will be no stable market condition. I think we don't need to worry with the market condition, we must feel worried if we have lack of trading strategies.
Indeed. Smart traders can get profits at any market condition. Even we are in bad market condition now, those traders who have mastered varied strategies will have no problem to get profits constantly. It is because they know how to adjust the trading strategy with the market condition.
-
Act stupid when trading against the trend and it will only waste your money. This is like fighting Whales who want the price to go down but instead expect the price to increase at that time.
You must analyze the market properly and correctly in order to know what trend is happening, if the bearish trend continues, it is necessary to repurchase and pay attention to whether the downward pattern will continue to occur, the need for fund management to repurchase at the base price. Don't be too FOMO or panic too much, follow every flow and trend that is going on.
-
If I personally prefer trading based on coins that I am more familiar with the ups and downs in a certain range and indeed the coin if the market suddenly drops, I can still hold the coin and it is worth it for the long term until the price returns to normal and goes up again. So, that's why I prefer trading on the spot, without leverage and not futures. Because I am a low-risk taker, so it would be much better to trade on top coins only and not rush with liquidity.
In my opinion, the habits that can really cost us a lot in trading are when we don't understand trading and go straight into future trading. Then, trading in hype coins. Followed by excessive panic and greed.
-
If I personally prefer trading based on coins that I am more familiar with the ups and downs in a certain range and indeed the coin if the market suddenly drops, I can still hold the coin and it is worth it for the long term until the price returns to normal and goes up again. So, that's why I prefer trading on the spot, without leverage and not futures. Because I am a low-risk taker, so it would be much better to trade on top coins only and not rush with liquidity.
In my opinion, the habits that can really cost us a lot in trading are when we don't understand trading and go straight into future trading. Then, trading in hype coins. Followed by excessive panic and greed.
Trading with hype coins, if you can do it right at entry, you will make a big profit, but most of the things we buy too late are already expensive. This is what makes us lose money. I also choose coins that I understand in the market for trading, for now I choose BNB, Solana and Ripple. sometimes I also trade with LTC and TON.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Can you define what you mean by trading against and following the trend?
If you see red then you want to jump people to the sell then what good is gonna good to them? Obviously that is what most people while the real successful traders do the exact opposite of it like buy when the market is down and sell them when it's green by this we can make profits.
-
Act stupid when trading against the trend and it will only waste your money. This is like fighting Whales who want the price to go down but instead expect the price to increase at that time.
You must analyze the market properly and correctly in order to know what trend is happening, if the bearish trend continues, it is necessary to repurchase and pay attention to whether the downward pattern will continue to occur, the need for fund management to repurchase at the base price. Don't be too FOMO or panic too much, follow every flow and trend that is going on.
We must be able to analyze very well in the current situation, when we follow the trend then we must be able to analyze and conclude that the trend will continue, because it is possible that when we follow the trend there will be a price reversal.
And also as you said, when we choose to go against the trend then it is like challenging the whale who is doing something that affects the price. So we must also be able to see from many factors, one of which is the news that occurs that can affect the market.
-
Can you define what you mean by trading against and following the trend?
If you see red then you want to jump people to the sell then what good is gonna good to them? Obviously that is what most people while the real successful traders do the exact opposite of it like buy when the market is down and sell them when it's green by this we can make profits.
Panic selling is trend of the market and mean OP keep recommended to sell following how market trend, I don't think important need to follow with market trend just make research and always buy some coins behind several price difference order to avoid if get more lower or decreasing price.
Many people allow trend or market and get panic moment for selling their cryptocurrency assets get down but not patience or take difference way without allow the market trend.
In trading not must follow what market trend, doing our self technical and always be careful when investing in one coins keep spend half few percent of assets to avoid when getting another lower price.
-
People think that they can read where the market is going when in fact it is no different from a pseudorandom number generator.
I would also suggest making no more than one trade as soon as you identify a trend, because if you make subsequent trades, it might work against you. Especially if you have many trades that cancel each other out.
-
I would also suggest making no more than one trade as soon as you identify a trend, because if you make subsequent trades, it might work against you. Especially if you have many trades that cancel each other out.
This thought me a lesson again just fee minutes ago. I made 5 trades. I made profit already but I decided to leave the trade open. Suddenly the market all went against my direction. I managed to make money from the coins and thinking that I have made enough. But a coin among the coins just went up and where the loss began. I do not think I will ever open more than one or two trading positions again. Even a coin is risky to trade but if you trade many coins and all went against your direction, it will not be easy. Although, I would have won money from trading today but Popcat did not go the direction that bitcoin went. This happened since 3 hours ago before I posted this.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Trading against the market trend always leads to losses, but experienced traders don't just follow the trend to trade, they study the trend before trading because the trend will not last forever, it can end at any time and if you don't have the experience to trade with caution, you can end up falling into a trad to lose money just because you traded on a trending market direction.
There are people who like trading based on market trends, they have no good knowledge about the trading itself which is why they end up losing money mostly due to greed.
It is important to learn about crypto trading before following the trend.
-
If I personally prefer trading based on coins that I am more familiar with the ups and downs in a certain range and indeed the coin if the market suddenly drops, I can still hold the coin and it is worth it for the long term until the price returns to normal and goes up again. So, that's why I prefer trading on the spot, without leverage and not futures. Because I am a low-risk taker, so it would be much better to trade on top coins only and not rush with liquidity.
Yep... agreed... usually the type of coin that is easier to analyze for movement on weekdays is a coin with low volume and a community that is always actively monitoring the movement of its developers... I've done this, and it really makes us understand the best price to buy or sell for the related coin. It takes at least 2 weeks of understanding the related coin to really understand supply, demand, low price, high price, and so on...
-
Do you only trade according to the trend or you counter-trend trade from time to time?
This was my reply from BTT; Every trader sees the trend and understand the direction the market is going this is why the trend works. If you go against the trend as a trader, you're really just doing yourself and risking your capital because the trend is your friend.
Trading an upward or a downward trend may require different strategies and techniques, as a trader, your ability to identify the trend, or a trend really matters, because it can help make clear your trading decision.
-
Yep... agreed... usually the type of coin that is easier to analyze for movement on weekdays is a coin with low volume and a community that is always actively monitoring the movement of its developers... I've done this, and it really makes us understand the best price to buy or sell for the related coin. It takes at least 2 weeks of understanding the related coin to really understand supply, demand, low price, high price, and so on...
I remember doing the same thing a few years ago. Scalping is definitely a good thing to do if the pattern is clear and reliable. On the other hand, low volume coin is prone to sudden price movement or manipulation so it's not a good choice if you want to make a lot of profits consistently from it. I remember selling a shitcoin worth $100 on an exchange before, but I only got $70 because my order easily push down the price without my knowledge. So yeah, make sure even if it's low volume, it's not too low that a $1000 order can swing the price up or down by 50% or so.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
I am confused if I should say trend or against the trend, when the market falls there I buy and sell when I get profit, so I follow my flow and mood when I want to stay up late
-
yes that's right, following the trend is very important for trading so that at this time everyone will follow it so that the price of the coin can go up because many people are buying. when someone trades against the trend, I think there is very little chance of making a profit and most likely will result in a loss.
-
yes that's right, following the trend is very important for trading so that at this time everyone will follow it so that the price of the coin can go up because many people are buying. when someone trades against the trend, I think there is very little chance of making a profit and most likely will result in a loss.
Following the trend is the right step but we also have to understand the risks if suddenly the trend becomes a disaster, we will lose our money. It is better to do research first before following the trend. In trading, you need a thorough ride and analysis before deciding to trade, because the market is not always beautiful. Sometimes we also see things that are not in accordance with our work and targets.
-
This is somewhat familiar with the part where you posted something similar to what I recently read. Anyway, I do agree. It will cost you if you go against the trend, but the fact that you need to know the trend is also problematic, meaning that it could go against what sometimes happens in the market. We need to be aware and ensure that we are consistent with what we do and have risk management so we lose a lot of money and have tolerance for the risks involved.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
One should trade by understanding the market situation. And to trade one should follow the trend because one should not go against the current. Discretion should always be shown in the field of trading. If you trade by understanding the market conditions, the chances of success increase several times. The better the market analyst, the better the trader. When the market conditions are bad, if one invests more money in trading, he will surely face loss. I think the trend should not go against it. When there is a trend then it is better to trade according to it. What is the need to take risk. Trading is a very risky business so it should be done wisely.
-
As long as you see that you can get an opportunity to make money in trading, you will trade, especially if you know yourself and know how to correctly read a graph or chart that will raise or lower its price in the market due to the strategy you use here.
although we know that it is not that easy to understand the technical analysis that other trading experts do to get proper profit here in the crypto space.
-
As long as you see that you can get an opportunity to make money in trading, you will trade, especially if you know yourself and know how to correctly read a graph or chart that will raise or lower its price in the market due to the strategy you use here.
although we know that it is not that easy to understand the technical analysis that other trading experts do to get proper profit here in the crypto space.
On the moment that you would really be touching up the trading space then it would really be just that normal that you would really be needing up to read up a chart and you should really know
on how to interpret those indicators and other tools on which you could really be able to see since you are the ones who would really be that making use of it.
Any bad habits or wrong actions would really be leading into disaster. It would really be that impossible that you wont really be able to determine on what are the things that you should gonna do.
-
As long as you see that you can get an opportunity to make money in trading, you will trade, especially if you know yourself and know how to correctly read a graph or chart that will raise or lower its price in the market due to the strategy you use here.
although we know that it is not that easy to understand the technical analysis that other trading experts do to get proper profit here in the crypto space.
On the moment that you would really be touching up the trading space then it would really be just that normal that you would really be needing up to read up a chart and you should really know
on how to interpret those indicators and other tools on which you could really be able to see since you are the ones who would really be that making use of it.
Any bad habits or wrong actions would really be leading into disaster. It would really be that impossible that you wont really be able to determine on what are the things that y
ou should gonna do.
Reading charts is not easy, it takes experience and knowledge about it. Sometimes I also just rely on habits by always looking at daily volume. We must understand charts and indicators before we make an analysis in trading. This is not an easy process for newbies.
-
following the trend is very important for trading so that at this time everyone will follow it so that the price of the coin can go up because many people are buying. when someone trades against the trend, I think there is very little chance of making a profit and most likely will result in a loss.
I think it is not clear. What traders should do to follow the trends? When people are buying, we are as traders must buy as well?
The chance of profits will depend on the possibility of market changes. Traders will decide what they need to do based on their own research.
Reading charts is not easy, it takes experience and knowledge about it. Sometimes I also just rely on habits by always looking at daily volume. We must understand charts and indicators before we make an analysis in trading. This is not an easy process for newbies.
It is a part of technical analysis. We need the skills and specific knowledge to read the charts. There are many indicators to be considered in reading the charts. Although it is not easy, I think it is something that people do in crypto. This is very helpful, especially for traders.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I completely agree with you because following the trend can make us money, while going against it can lead to losses. If you are not an expert and don't have a strong grasp of technical analysis, then following the trend is the best way to avoid losses and make some profit. However, we shouldn't make following the trend a habit because, while it isn't always a bad strategy, it isn't always good either.
We can only profit by going against the trend when we have strong trading skills. I usually trade with the trend, but sometimes, when I find
-
Reading charts is not easy, it takes experience and knowledge about it. Sometimes I also just rely on habits by always looking at daily volume. We must understand charts and indicators before we make an analysis in trading. This is not an easy process for newbies.
It is a part of technical analysis. We need the skills and specific knowledge to read the charts. There are many indicators to be considered in reading the charts. Although it is not easy, I think it is something that people do in crypto. This is very helpful, especially for traders.
Learning technical analysis requires perseverance and focus by always observing market movements, it takes a long time to be able to quickly read signals and charts. So experience and knowledge are needed to become a professional trader, and of course it takes years to reach that level.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
We have to consider the to in making trades because at the end of the day, the two would have been successfully achieved, we need to follow up with the market trends, carefully study and have the ability to perceived the direction in which the cryptocurrencies are goin, this will is have to do much about the particular season in consideration, we cant go against the trend in most cases if we are trading because many of the indicators would have tells more about the current trends which we can study and go for.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Both our greed and emotions work when the market is volatile. Then we think that if we invest at that time we will get profit very quickly but most of the time we lose due to investing without understanding the market movement. And we make such mistakes again and again. We can't avoid loss because we can't quit such bad habits. on the other hand, leverage trading is one of the worst addictions, it is almost like gambling which makes a trader addicted and has to face huge losses. Yet we return there again and again
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I tried that I am always against the counter-trend because I was looking for reversal patterns it's way more profitable but you need to know where or when the momentum will reverse so if you are successful in following the trend then for me it depends on execution and strategy. I know some traders only trade with short positions or only trade with long positions they have difference strategies to execute and it depends on the current market condition and price action.
So if you make a profit when following the trend then continue what you are doing and honestly, that is the basic strategy where you need to know the current trend and wait for FVG or Order Block to open a position. It's different from other strategy who looking for reversal profitability is way high on reversal compared to following the trend it is just based on my experienced.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I tried that I am always against the counter-trend because I was looking for reversal patterns it's way more profitable but you need to know where or when the momentum will reverse so if you are successful in following the trend then for me it depends on execution and strategy. I know some traders only trade with short positions or only trade with long positions they have difference strategies to execute and it depends on the current market condition and price action.
So if you make a profit when following the trend then continue what you are doing and honestly, that is the basic strategy where you need to know the current trend and wait for FVG or Order Block to open a position. It's different from other strategy who looking for reversal profitability is way high on reversal compared to following the trend it is just based on my experienced.
I don't have the same experience as you using a reversal strategy to make a profit, because so far I have only followed the trend and watched the daily volume movement of a coin to take advantage of the entry time and have to sell or exit the trade right.
-
I don't have the same experience as you using a reversal strategy to make a profit, because so far I have only followed the trend and watched the daily volume movement of a coin to take advantage of the entry time and have to sell or exit the trade right.
everyone has a strategy in running investment, hold or trading. Maybe the reversal strategy is good for some people but it does not necessarily suit us. We can use the method that suits us. I myself also trade with several methods, but not all of them suit me.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
We know that trading is also best profitable in crypto market. Because we can earned best profit within a short time. But we also know that trend is also best benefited in cryptocurrency market. So i think that if we create our plan for trend, it also a best plan for the crypto currency markets. Because i believe that trend will create our best benefited, but if we couldn’t do it we will be make our loss. So we should remain trend is our best friend.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
I buy and sell coins almost never following the trend, meaning I usually buy or sell cryptocurrency based on my personal strategy... it's all about my needs and after I regretted following the trend, even following FOMO, I started to be a little distrustful of other people I don't even know.
If that's considered going against the trend, that's up to you... but what's for sure is that I only follow what I need for my strategy... sometimes going against the trend and sometimes following what's trending, but I don't mean to be influenced by that trend.
-
Learning technical analysis requires perseverance and focus by always observing market movements, it takes a long time to be able to quickly read signals and charts. So experience and knowledge are needed to become a professional trader, and of course it takes years to reach that level.
Of course, it should take time to learn technical analysis. However, it won't be very hard to learn it because there are many sources to learn technical analysis nowadays. If we can focus on learning technical analysis, I'm sure we can know it well less than a week. But it each person may have a different level of intelligence, some people may require a longer time. By the way, it probably takes for few years to be a professional trader but it won't be for years to understand technical analysis.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
I often avoid following the trend as that's not my way of trading. I believe to trade against the trend and hold my positions to earn some profits overtime.
I'm not a day trader but someone who believes in holding if my profits percentages doesn't reaches and if market goes further down then I do averaging to increase my profits and decrease my losses.
That way of trading is working for me and I hope it will work for me for long term. So far I have made some good profits and I make good profits on weekly to monthly basis with my own trading strategies and plans.
It seems like you choose to trade for medium term, that's a good way. I'm not a daily trader either, but I trade when I see a good market to buy and hold it by targeting the selling price, of course I have set a sell order, this allows me to get profit like you do.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
I buy and sell coins almost never following the trend, meaning I usually buy or sell cryptocurrency based on my personal strategy... it's all about my needs and after I regretted following the trend, even following FOMO, I started to be a little distrustful of other people I don't even know.
If that's considered going against the trend, that's up to you... but what's for sure is that I only follow what I need for my strategy... sometimes going against the trend and sometimes following what's trending, but I don't mean to be influenced by that trend.
Everyone has their own way of operating and if it works for them , if it gives them good results then it is because they are seeing the market with the Correct vision and are not letting themselves be influenced by the possible traps of the market , in the crypto market one must have a very good vision of what can happen and that is how you win, since the volatility is enormous and if we know how to read it we can make money , which is what interests us in the end, so every strategy is good , in Altcoins things are like that, since for me it is quite Difficult to do so.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
That's really how the market plays in this industry in the crypto space dude, In the years I've been here, I've always learned that when you see all red in the market, it's a good chance to buy while the price is falling right now.
especially if we know that it was high before and then the value in the market suddenly fell, its price will surely rise again when the market returns to a normal scenario.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
That's really how the market plays in this industry in the crypto space dude, In the years I've been here, I've always learned that when you see all red in the market, it's a good chance to buy while the price is falling right now.
especially if we know that it was high before and then the value in the market suddenly fell, its price will surely rise again when the market returns to a normal scenario.
I agree with you when the crypto market is red it's time to buy, but unfortunately I don't have any more funds because my assets are stuck in price so I can only follow the bounty campaign while waiting for the market to return to green. If I had funds I would buy top coins because their prices are down and we can make a profit in the near future.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I would agree with you here but a little correction is needed here as the point should be that it is not bad for day traders or short term traders to trade based on trends. Short term trading is based on many factors then trading has to be done here daily news updates and trends play a big role along with technical analysis.
So here there is no reason to look down on trading based on trend rather I would say those who do technical analysis should trade based on this trend because when one can do technical analysis only trading based on trend is less risky.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I would agree with you here but a little correction is needed here as the point should be that it is not bad for day traders or short term traders to trade based on trends. Short term trading is based on many factors then trading has to be done here daily news updates and trends play a big role along with technical analysis.
So here there is no reason to look down on trading based on trend rather I would say those who do technical analysis should trade based on this trend because when one can do technical analysis only trading based on trend is less risky.
Sometimes I also trade by following the trend because I take advantage when it happens. I also take advantage of hype meme coins to make a profit, because it's also hard to find the right time to enter coins that are not hype. Maybe I'm not a great investor, only trading when there is good news.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I would agree with you here but a little correction is needed here as the point should be that it is not bad for day traders or short term traders to trade based on trends. Short term trading is based on many factors then trading has to be done here daily news updates and trends play a big role along with technical analysis.
So here there is no reason to look down on trading based on trend rather I would say those who do technical analysis should trade based on this trend because when one can do technical analysis only trading based on trend is less risky.
Sometimes I also trade by following the trend because I take advantage when it happens. I also take advantage of hype meme coins to make a profit, because it's also hard to find the right time to enter coins that are not hype. Maybe I'm not a great investor, only trading when there is good news.
Glad to hear that you have been able to take advantage of trading by following friends but in my case most of the time I have lost. Maybe my technical analysis or trend following skills are not that good.
In fact I invest most of the time in negative market trends rather than positive market trends. For example, when the price of Bitcoin falls due to some bad news, I try to buy the reverse Bitcoin instead of selling Bitcoin. And most of the time I adopt Bitcoin if I have funds on hand. The main reason for doing this is that I don't do short term trading when I invest in a negative market because it gives me a good profit in the long term.
-
I am not very fluent in the crypto world, so I avoid trading crypto, I better look for ordinary events like Airdrop or whatever that makes money from the altcoinstalks forum. Maybe next time if I have a capital of around 20 or 30 USDT I will try trading with Bitcoin or Ethereum. I wan't forced it because every step with forced will be bad plan for me for taking profit.
-
Glad to hear that you have been able to take advantage of trading by following friends but in my case most of the time I have lost. Maybe my technical analysis or trend following skills are not that good.
In fact I invest most of the time in negative market trends rather than positive market trends. For example, when the price of Bitcoin falls due to some bad news, I try to buy the reverse Bitcoin instead of selling Bitcoin. And most of the time I adopt Bitcoin if I have funds on hand. The main reason for doing this is that I don't do short term trading when I invest in a negative market because it gives me a good profit in the long term.
The way you do it is buying when the market is down and holding it until the price goes up is what I usually do, because we can seek profit from it. Trading by following the trend is something we can do carefully because sometimes it is difficult to predict the price when it is bottom or will fall further.
-
I agree, following your friends is not something that I would suggest,t unless you are friends with amazing traders, in most cases that's not really a good situation because most friends are not great traders and you are going to end up losing moneybecause of it. I think its reasonable to have something that will change and not sure that it would be a smart way to try to make money. I personally try to avoid it as much as I can and eventually I end up with a great result one way or another. I know that it will take a while but learning it yourself and trying to trade with what you lear nadn experience would be much better.
-
I agree, following your friends is not something that I would suggest,t unless you are friends with amazing traders, in most cases that's not really a good situation because most friends are not great traders and you are going to end up losing moneybecause of it. I think its reasonable to have something that will change and not sure that it would be a smart way to try to make money. I personally try to avoid it as much as I can and eventually I end up with a great result one way or another. I know that it will take a while but learning it yourself and trying to trade with what you lear nadn experience would be much better.
learning to trade with friends is a good thing to do, if friends really want to teach us about trading. even though we are not great traders, at least we get knowledge from them and we can improve with their methods and strategies adjusted to our trading abilities, because the same method will not necessarily produce the same profit. But we should still learn to develop our trading talents so that we can become a professional trader.
-
in my opinion the biggest problem when trading is not to put a stop loss
if you don't put the stop loss you can go really low
recently I was winning a lot of trades I was so sure of myself that I didn't put it and I lost 50% of the testing capital ($60)
Not bad, I'm just playing to understand how it works
-
When trading crypto following the trend is also important, because we can go with the flow. The most important thing is that we can control our emotions, don't let what we will do in this crypto trading actually lead us to losses. The longer we trade cryptocurrency, the more knowledge we will gain from our trading experience.
-
Of course, it should take time to learn technical analysis. However, it won't be very hard to learn it because there are many sources to learn technical analysis nowadays. If we can focus on learning technical analysis, I'm sure we can know it well less than a week. But it each person may have a different level of intelligence, some people may require a longer time. By the way, it probably takes for few years to be a professional trader but it won't be for years to understand technical analysis.
Traders commonly use various information sources to access knowledge and learn technical analysis. However, each trader has unique abilities and preferences, leading them to understand and utilize tools/indicators in their own ways. This is why we often see traders presenting conflicting opinions regarding the market condition and trend, even when they are looking at the same BTC price chart.
If trader can accurately identify the market major trend, he can achieve both profits for his accounts and peace of mind during his investment and trading journey. However, as the topic creator has pointed out, understanding the risks associated with attempting to trade against the trend, especially through futures, is crucial for traders to preserve capital and avoid unnecessary risks and failures in this market.
-
The way you do it is buying when the market is down and holding it until the price goes up is what I usually do, because we can seek profit from it. Trading by following the trend is something we can do carefully because sometimes it is difficult to predict the price when it is bottom or will fall further.
The biggest reason for trading this way is that I mostly limit my trading to Bitcoin and other the top few of altcoins.
Because I want to choose those coins that will go down in price temporarily due to market effect but will definitely go up in price in the future.
And another big main reason is my weakness in trading analysis because I have less knowledge about technical analysis in trading so since I can hold long term so I choose such coins and trade when the price goes down and keep myself risk free. In other words, my trading is mostly focused on the down market.
-
When trading crypto following the trend is also important, because we can go with the flow. The most important thing is that we can control our emotions, don't let what we will do in this crypto trading actually lead us to losses. The longer we trade cryptocurrency, the more knowledge we will gain from our trading experience.
but it's not easy, I also tried to follow the trend but sometimes the trend reverses
It happened to me recently with Solana, I had placed a long and there was a sharp reversal
the stop loss saved me otherwise I would have lost much more than I lost ;)
-
- It's not really good that you trade against the trend; if you have a deep and broad knowledge of trading, you won't do that bad habit. Of course, why would you sell if you know that the trend will continue to rise? right? Why would you buy if you know that the trend is still going down?
That's why it's important to know something in trading and it's not possible to know nothing, because if you don't know anything and you just rely on luck in crypto trading, you're no different than a gambler in a casino who just depends on luck, and crypto trading is not like that in this industry.
-
Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.
-
Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.
Following the trend must know when we enter and when we exit, because if we miss and exit late we will lose. but your suggestion is good for us to always monitor the market, because with that we can know when we should make entry and exit transactions correctly.
-
I am not very fluent in the crypto world, so I avoid trading crypto, I better look for ordinary events like Airdrop or whatever that makes money from the altcoinstalks forum. Maybe next time if I have a capital of around 20 or 30 USDT I will try trading with Bitcoin or Ethereum. I wan't forced it because every step with forced will be bad plan for me for taking profit.
The best thing is always that you have money that you are willing to lose, for example if you manage to have those 30 or 40usd , you have to be willing to lose them, or if of those 30 or 40usd you can lose and you are willing to lose 10usd, well I would say that it is much better, but before that it does not mean that you reached those dollars and that's it , no, there has to be more, I advise you something very simple, read books, but not About technical analysis because there is a lot of that out there , I advise you to read books by market speculators, like Wyckoff, Liverpool more, they are or were those people who operated and established an Understanding of the Market and that is why they were successful, do that before operating.
-
Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.
If you don't follow trend in crypto, you will not only lose your money you might lose your sanity because you will never make where the free money is in the market. It's better to follow trend and make what you want to make immediately and proceed to the next one, that way after you accumulate a lot profit, you will not regret starting crypto trading.
However, it doesn't mean you should buy into scam project because I have noticed that scam project comes with trend and that's what scammers do when there is a new trend in crypto
-
Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.
If you don't follow trend in crypto, you will not only lose your money you might lose your sanity because you will never make where the free money is in the market. It's better to follow trend and make what you want to make immediately and proceed to the next one, that way after you accumulate a lot profit, you will not regret starting crypto trading.
However, it doesn't mean you should buy into scam project because I have noticed that scam project comes with trend and that's what scammers do when there is a new trend in crypto
I would like to state that, although it is wise to follow these trends since they can prove to be very lucrative if approached correctly, we should be careful with new developments that come along with them. As much as some projects may appear to be very attractive, investors should always perform their due diligence and diligence that can make them understand that the projects they are intending to invest in are not what they think they are. In this way, the person is in a position to capitalize on opportunities since they do not have to traverse through the pitfalls that are more often than not toxic. With such an understanding, it is possible to achieve more or less satisfactory outcomes without falling into a scam, if one acts carefully.
-
Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.
Following the trend must know when we enter and when we exit, because if we miss and exit late we will lose. but your suggestion is good for us to always monitor the market, because with that we can know when we should make entry and exit transactions correctly.
Yes, it's all about timing here, others know when to enter, but most of the time, they become greedy and so instead of getting great profits, they waited for the price to go up until they sell. But if the price goes down, then they will be trap and it's hard to go out and exit without suffering a big loss.
That happen to me in 2018 if I'm not mistaken, I had a good investment on some altcoin but chooses not to sell until it's too late. So it's a lesson that I learn in a hard and very expensive way.
-
Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.
If you don't follow trend in crypto, you will not only lose your money you might lose your sanity because you will never make where the free money is in the market. It's better to follow trend and make what you want to make immediately and proceed to the next one, that way after you accumulate a lot profit, you will not regret starting crypto trading.
However, it doesn't mean you should buy into scam project because I have noticed that scam project comes with trend and that's what scammers do when there is a new trend in crypto
Honestly, there are traders who wins a lot in trading against the trend. This is only effective in short term trading. I also believe that the trend is our friend and you can profit more if you trade with the trend. The market price will not always going up when the market sentiment is bullish, there is always a retracement. That's why some traders are doing a counter-trend trading. We can't stop them, as long as they can make profit with their trading style they should keep on utilizing it.
-
Traders who act as traders never trade without understanding or thinking, some people believe that the trends they follow are fake but their predictions are never correct.
When Bitcoin was at half price people said it would go up. But now it is not so much reduced or not so much increased, but due to this the trader will stop doing business?? No, those people have understood everything and continued the business. I found that both traders who open long or short positions are now making money if they are patient.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Trading in opposite of the direction of the market is a high risk that can be make you lose your capital, I see this as a gamble because of the risks involved in it. As a trader you must learn to always be complacent with your profits for the day no matter how small they are, most people try to make huge profits in a day that's why they trade against the trend, risk management should be of utmost importance to you, if you continue using this system you Will blow your trading accounts on a regular basis. Learn how to be disciplined and avoid being greedy
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Trading in opposite of the direction of the market is a high risk that can be make you lose your capital, I see this as a gamble because of the risks involved in it. As a trader you must learn to always be complacent with your profits for the day no matter how small they are, most people try to make huge profits in a day that's why they trade against the trend, risk management should be of utmost importance to you, if you continue using this system you Will blow your trading accounts on a regular basis. Learn how to be disciplined and avoid being greedy
Talking of trading against the trend, then it is actually similar to gambling with the capital since you are going against the trend of the stock market. That is why it is more effective to deny yourself and reduce risks in the case of trading on the stock exchange in the long term. In my studied literature, greed has been cited as the reason that many traders end up losing all their money. Indeed it is more advisable to earn small but continuous profits than trying to earn huge profits and guess what, you just lost all your capital instead. Risk management is also part of trading that involves ensuring that the trader remains disciplined by having daily targets to be achieved, the trader must also control their emotions.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend.
Those trading against the trend knows what they’re getting at and I believe if they’re not that perfect at it, they won’t even try to do that at first. Some people trend against the market trend after seeing some changes in the trend that will make it to go counter trend. Those that do that are looking at taking all opportunities at the market but it does backfires sometimes when you’re not careful. So to be less risky, don’t trend against the market.
Do you only trade according to the trend or you counter-trend trade from time to time?
It depends on the market conditions at that time, most of the time I trend with the market. Counter trending only happens once in a while and depends on the analysis and where I see the market is getting at.
-
We all know that attitude is a friend. So we don't trade against it, if we trade against the trend, the risk increases. A trader always understands the trend and plans according to it, we should trade the trend at the right time and not according to the trend. Trading is not easy, but if you trade with patience and understand the trend, you will see good profit in it.
-
For anyone who will be going for trading, then they must be ready, wailing as well as able to take the risk in it, trading is not what we should take with fear as well as what we should avoid doing all because of what is happening as well as some conditions attached, every trader must put in place some vital aspect of it in other to enjoy trading and every other things they are doing.
-
For anyone who will be going for trading, then they must be ready, wailing as well as able to take the risk in it, trading is not what we should take with fear as well as what we should avoid doing all because of what is happening as well as some conditions attached, every trader must put in place some vital aspect of it in other to enjoy trading and every other things they are doing.
I'm trying a type of ninja mode trading as I like to imagine
so I stay silent and shadowed in the shadows
as soon as an opportunity for robbery presents itself, zac I act and take the loot home without taking prisoners
I really like to imagine myself as a ninja
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Trading in opposite of the direction of the market is a high risk that can be make you lose your capital, I see this as a gamble because of the risks involved in it. As a trader you must learn to always be complacent with your profits for the day no matter how small they are, most people try to make huge profits in a day that's why they trade against the trend, risk management should be of utmost importance to you, if you continue using this system you Will blow your trading accounts on a regular basis. Learn how to be disciplined and avoid being greedy
Trading that against the trend would really be just that hard on which it would really be something that will really be giving out that kind of moment that you would really be making up
bad trades just because of the trend that you are really that trying out to oppose. We do know that going with the flow will really be your best call when it comes into this aspect.
You would be able to find for yourself on which one would really be that effective when it comes into this manner. This is why it is really that ideal on making out such adjustments
on the time or moment that you do learn up something.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Trading in opposite of the direction of the market is a high risk that can be make you lose your capital, I see this as a gamble because of the risks involved in it. As a trader you must learn to always be complacent with your profits for the day no matter how small they are, most people try to make huge profits in a day that's why they trade against the trend, risk management should be of utmost importance to you, if you continue using this system you Will blow your trading accounts on a regular basis. Learn how to be disciplined and avoid being greedy
Trading that against the trend would really be just that hard on which it would really be something that will really be giving out that kind of moment that you would really be making up
bad trades just because of the trend that you are really that trying out to oppose. We do know that going with the flow will really be your best call when it comes into this aspect.
You would be able to find for yourself on which one would really be that effective when it comes into this manner. This is why it is really that ideal on making out such adjustments
on the time or moment that you do learn up something.
Well, trading it against the market is normally very dangerous and people end up making wrong choices most of the time. It is better to go with the trend as striving to leverage the existing trend has proven to be successful. To this it is crucial to be always prepared to adapt and to change the course of action depending on the lessons that were obtained from practice. It also helps them to have a clue on how best to operate in the markets hence increasing their opportunities of success in the future.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
This will depend on the type type of trader you are. Scalpers do not consider trends. They prefer to make use of indicators coupled with some other strategies to achieve good results. People that will use trends to trade are swing traders. If talking about trends, sometines there could be a reversal in such a way that the trend will go the opposite direction.
I don't agree with you, scalpers are equally day traders, they follow the market movements based on the daily trends. Market trends goes with the indicators, these indicators are the directions of the market price movements and the trends.
Again, you are mixing up this topics, scalpers are day traders and swing traders also uses trends base on the time frame applied on the trades.
In addition, crypto requires experience and the most experienced traders( whether scalper or swing traders) may be able to identify when or where on the indicators there may be a trend reversal.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
This will depend on the type type of trader you are. Scalpers do not consider trends. They prefer to make use of indicators coupled with some other strategies to achieve good results. People that will use trends to trade are swing traders. If talking about trends, sometines there could be a reversal in such a way that the trend will go the opposite direction.
I don't agree with you, scalpers are equally day traders, they follow the market movements based on the daily trends. Market trends goes with the indicators, these indicators are the directions of the market price movements and the trends.
Again, you are mixing up this topics, scalpers are day traders and swing traders also uses trends base on the time frame applied on the trades.
In addition, crypto requires experience and the most experienced traders( whether scalper or swing traders) may be able to identify when or where on the indicators there may be a trend reversal.
if I prefer scalping to collect profits from my daily trading depending on market conditions. Because when the market is rising I find it easier to take profits with scalping. I don't really focus on swing trading, because I don't really like it.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Trading in opposite of the direction of the market is a high risk that can be make you lose your capital, I see this as a gamble because of the risks involved in it. As a trader you must learn to always be complacent with your profits for the day no matter how small they are, most people try to make huge profits in a day that's why they trade against the trend, risk management should be of utmost importance to you, if you continue using this system you Will blow your trading accounts on a regular basis. Learn how to be disciplined and avoid being greedy
Trading that against the trend would really be just that hard on which it would really be something that will really be giving out that kind of moment that you would really be making up
bad trades just because of the trend that you are really that trying out to oppose. We do know that going with the flow will really be your best call when it comes into this aspect.
You would be able to find for yourself on which one would really be that effective when it comes into this manner. This is why it is really that ideal on making out such adjustments
on the time or moment that you do learn up something.
Well, trading it against the market is normally very dangerous and people end up making wrong choices most of the time. It is better to go with the trend as striving to leverage the existing trend has proven to be successful. To this it is crucial to be always prepared to adapt and to change the course of action depending on the lessons that were obtained from practice. It also helps them to have a clue on how best to operate in the markets hence increasing their opportunities of success in the future.
You would really be able to discover out on what are the things that you would really be needing to do on the time that you will be able to gain up such experience.
It will really be just that matter on how a certain trader or individual would really be making out adjustments basing up on the things that we do learn along the way.
Bad habits are normal but it would really be that common sense that you would really be trying out to adjust because no one really likes to lose up continously and it will
really be just that instinct that we would be learning up from our mistakes.
-
You would really be able to discover out on what are the things that you would really be needing to do on the time that you will be able to gain up such experience.
It will really be just that matter on how a certain trader or individual would really be making out adjustments basing up on the things that we do learn along the way.
Bad habits are normal but it would really be that common sense that you would really be trying out to adjust because no one really likes to lose up continously and it will
really be just that instinct that we would be learning up from our mistakes.
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
-
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.
-
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.
Dependence on market only is not a very good option since markets are always fluctuating with passing time. After establishing that you are a trader, the next step that is relevant as is all about safety and success is to find out the best strategy to use. Taking time before entering a trade is very important because it limits us to higher risk margins and allows us to fully exploit gains. Adding up the methods of trading also offer more effective results because we are able to adapt to the different market.
-
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.
The market can change in a split second, which means we have to be prepared for such a situation, and the strategy we use in trading must also be adjusted to market conditions, do not force yourself to enter when analyzing and then the market changes.
Experience will be very useful in situations like this, because with experience we are able to make wiser decisions, this is why we have to learn from experience.
-
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.
The market can change in a split second, which means we have to be prepared for such a situation, and the strategy we use in trading must also be adjusted to market conditions, do not force yourself to enter when analyzing and then the market changes.
Experience will be very useful in situations like this, because with experience we are able to make wiser decisions, this is why we have to learn from experience.
Experience is always the best and I will never despised experience and it's a great teacher, when trading we should always add experience together and correct our mistakes because with experience we would never go to what we have past, for instance if we noticed that our previous strategy is leading us to Lose we can easily make adjustments to a newer strategy while learning from the our past experience, therefore experience is what we must learned from and make our future corrections.
-
Experience is always the best and I will never despised experience and it's a great teacher, when trading we should always add experience together and correct our mistakes because with experience we would never go to what we have past, for instance if we noticed that our previous strategy is leading us to Lose we can easily make adjustments to a newer strategy while learning from the our past experience, therefore experience is what we must learned from and make our future corrections.
It's essential to play it all responsibly and keep your head cool while the market may bleed or do some corrections to your positions.
Always consider putting some stop losses in case of trouble and remember to stay vigilant if things don't go your way. Always adjust the risks attached to it.
-
We all know that attitude is a friend. So we don't trade against it, if we trade against the trend, the risk increases. A trader always understands the trend and plans according to it, we should trade the trend at the right time and not according to the trend. Trading is not easy, but if you trade with patience and understand the trend, you will see good profit in it.
Right, Those who invest between trend and hype lose most of the time because hype starts in the market when everyone panics over it and starts investing. And it doesn't last long. Those who invest in the coin before the hype starts can gain because they sell their coins after the hype starts when the market price of that coin increases a lot. So only those who are trading experts can predict in advance which coin may start hype. And those who can analyze the market very well. They are professional traders. Trading is not an easy thing and not everyone is able to make good quality profits from it.
-
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.
The market can change in a split second, which means we have to be prepared for such a situation, and the strategy we use in trading must also be adjusted to market conditions, do not force yourself to enter when analyzing and then the market changes.
Experience will be very useful in situations like this, because with experience we are able to make wiser decisions, this is why we have to learn from experience.
Experience is always the best and I will never despised experience and it's a great teacher, when trading we should always add experience together and correct our mistakes because with experience we would never go to what we have past, for instance if we noticed that our previous strategy is leading us to Lose we can easily make adjustments to a newer strategy while learning from the our past experience, therefore experience is what we must learned from and make our future corrections.
Agreed, Practical experience is a method of field learning that enhances human knowledge regarding expertise and competencies. In trading, the stock of experience ensures that the people trading can critically analyze the blunders and refine their staking techniques with an aim of avoiding such in future. When previous steps are reviewed, the process becomes easy to follow while the outcome improves constantly.
-
We all know that attitude is a friend. So we don't trade against it, if we trade against the trend, the risk increases. A trader always understands the trend and plans according to it, we should trade the trend at the right time and not according to the trend. Trading is not easy, but if you trade with patience and understand the trend, you will see good profit in it.
Right, Those who invest between trend and hype lose most of the time because hype starts in the market when everyone panics over it and starts investing. And it doesn't last long. Those who invest in the coin before the hype starts can gain because they sell their coins after the hype starts when the market price of that coin increases a lot. So only those who are trading experts can predict in advance which coin may start hype. And those who can analyze the market very well. They are professional traders. Trading is not an easy thing and not everyone is able to make good quality profits from it.
If we do not have the experience and time to analyze the projects that will be hype, we should choose to invest in top coins. Analyzing hype projects requires experience and if we are late in entering, we will likely get trapped and lose because usually hype projects will last quickly, unless the project is useful to the user.
-
We all know that attitude is a friend. So we don't trade against it, if we trade against the trend, the risk increases. A trader always understands the trend and plans according to it, we should trade the trend at the right time and not according to the trend. Trading is not easy, but if you trade with patience and understand the trend, you will see good profit in it.
Right, Those who invest between trend and hype lose most of the time because hype starts in the market when everyone panics over it and starts investing. And it doesn't last long. Those who invest in the coin before the hype starts can gain because they sell their coins after the hype starts when the market price of that coin increases a lot. So only those who are trading experts can predict in advance which coin may start hype. And those who can analyze the market very well. They are professional traders. Trading is not an easy thing and not everyone is able to make good quality profits from it.
If we do not have the experience and time to analyze the projects that will be hype, we should choose to invest in top coins. Analyzing hype projects requires experience and if we are late in entering, we will likely get trapped and lose because usually hype projects will last quickly, unless the project is useful to the user.
What we have to be very cautious of is when we want to get involved in projects that are in the media a lot. As I mentioned earlier, with less practice it becomes somewhat hard to appreciate the consequences which are very much likely to occur when times is not on your side. As such, it is wiser if we invest in promising coins that already have a favorable track record. By so doing, we can minimize losses that are always associated with hype projects that may at most, take only a short duration. It is only projects that add value to the user side that normally stand a better chance at longevity.
-
We all know that attitude is a friend. So we don't trade against it, if we trade against the trend, the risk increases. A trader always understands the trend and plans according to it, we should trade the trend at the right time and not according to the trend. Trading is not easy, but if you trade with patience and understand the trend, you will see good profit in it.
Right, Those who invest between trend and hype lose most of the time because hype starts in the market when everyone panics over it and starts investing. And it doesn't last long. Those who invest in the coin before the hype starts can gain because they sell their coins after the hype starts when the market price of that coin increases a lot. So only those who are trading experts can predict in advance which coin may start hype. And those who can analyze the market very well. They are professional traders. Trading is not an easy thing and not everyone is able to make good quality profits from it.
If we do not have the experience and time to analyze the projects that will be hype, we should choose to invest in top coins. Analyzing hype projects requires experience and if we are late in entering, we will likely get trapped and lose because usually hype projects will last quickly, unless the project is useful to the user.
For now, it is better to avoid putting our bets on risky major coins or newly launched project coins if we are not familiar enough with the current trends. It is important to know that most popular projects come with high risk – more especially when one decides to venture into the project late.
Probably, that is why it is wiser not to interfere with the circulation of established coins – this can minimize the losses. We only require certain that each move that we make is consistent with our investment objectives in the future.
-
Practically every person has different thoughts. Trading method is also different. One can get good returns in short term. Similarly short term investment proves to be profitable. Trading in current market price fluctuations. It becomes difficult to do, because it increases the risk, so one should be careful. If we trade without understanding the trend, we have to suffer losses in the trade. If the decisions are taken according to the market price condition and at the right time, we get profit in the trade. But in all, be careful. It is necessary to stay.
-
Experience is always the best and I will never despised experience and it's a great teacher, when trading we should always add experience together and correct our mistakes because with experience we would never go to what we have past, for instance if we noticed that our previous strategy is leading us to Lose we can easily make adjustments to a newer strategy while learning from the our past experience, therefore experience is what we must learned from and make our future corrections.
I agree with what you say, like a week ago I was trading, but I made one of the biggest mistakes that can be made in trading, it is trading quickly and looking for quick profits, that led me to lose, well to be specific, 10usd and it is something that affected me because I lost them in a very stupid way, just by not seeing well and waiting, sometimes it takes me an analysis of around 30 minutes to achieve a successful operation in more or less 2 or 3 minutes , but I don't know, I was confused and wanted to do things quickly and I lost like crazy, so that mistake sometimes does not happen, in trading patience and waiting to see the best entry is everything.
-
Experience is always the best and I will never despised experience and it's a great teacher, when trading we should always add experience together and correct our mistakes because with experience we would never go to what we have past, for instance if we noticed that our previous strategy is leading us to Lose we can easily make adjustments to a newer strategy while learning from the our past experience, therefore experience is what we must learned from and make our future corrections.
I agree with what you say, like a week ago I was trading, but I made one of the biggest mistakes that can be made in trading, it is trading quickly and looking for quick profits, that led me to lose, well to be specific, 10usd and it is something that affected me because I lost them in a very stupid way, just by not seeing well and waiting, sometimes it takes me an analysis of around 30 minutes to achieve a successful operation in more or less 2 or 3 minutes , but I don't know, I was confused and wanted to do things quickly and I lost like crazy, so that mistake sometimes does not happen, in trading patience and waiting to see the best entry is everything.
It is something common in trading and we must experience loser, do I say is something natural that regularly occur while trading and anyone who does not know how to manage their trade or do proper analysis would definitely loss while trading. Lose even mostly happens to reputable traders because if they do any wrong analysis it would result losing big time.
-
The market can change in a split second, which means we have to be prepared for such a situation, and the strategy we use in trading must also be adjusted to market conditions, do not force yourself to enter when analyzing and then the market changes.
Experience will be very useful in situations like this, because with experience we are able to make wiser decisions, this is why we have to learn from experience.
Experience is always the best and I will never despised experience and it's a great teacher, when trading we should always add experience together and correct our mistakes because with experience we would never go to what we have past, for instance if we noticed that our previous strategy is leading us to Lose we can easily make adjustments to a newer strategy while learning from the our past experience, therefore experience is what we must learned from and make our future corrections.
Evaluation of the strategy that makes us feel a loss must be done every time, even when our strategy is running well and bringing profit, we must continue to evaluate to make the strategy we use more optimal.
In this case, we must not be lazy to continue learning, because if we are lazy, then when we feel the benefits of using a certain strategy it will make us lose in the future because we do not perfect the strategy we do.
-
Practically every person has different thoughts. Trading method is also different. One can get good returns in short term. Similarly short term investment proves to be profitable. Trading in current market price fluctuations. It becomes difficult to do, because it increases the risk, so one should be careful. If we trade without understanding the trend, we have to suffer losses in the trade. If the decisions are taken according to the market price condition and at the right time, we get profit in the trade. But in all, be careful. It is necessary to stay.
If we choose the top coin by marketcap then bitcoin in the top and second one is Ethereum and then BNB and then Solana then XRP then we saw the Dogescoin.
And one more thing it is not really easy to earn money by only investing on the top cryptocurrencies you have you must be know the analysis skills like the fundamental analysis and the technical analysis otherwise you won't be able to see profit.
-
Practically every person has different thoughts. Trading method is also different. One can get good returns in short term. Similarly short term investment proves to be profitable. Trading in current market price fluctuations. It becomes difficult to do, because it increases the risk, so one should be careful. If we trade without understanding the trend, we have to suffer losses in the trade. If the decisions are taken according to the market price condition and at the right time, we get profit in the trade. But in all, be careful. It is necessary to stay.
If we choose the top coin by marketcap then bitcoin in the top and second one is Ethereum and then BNB and then Solana then XRP then we saw the Dogescoin.
And one more thing it is not really easy to earn money by only investing on the top cryptocurrencies you have you must be know the analysis skills like the fundamental analysis and the technical analysis otherwise you won't be able to see profit.
Selecting large-cap tokens like what you mentioned is good advice in the world of crypto investment, but to get the maximum profits more efforts are needed. We have to be able to analyze economically, technically, and even emotionally analyzing possible influence of market moods, the possibilities of certain technologies, etc. From these two aspects, continued reading of the market signals, sensitivity to changes, and better investment decisions will be made, so that the probability of profit making is higher.
-
Practically every person has different thoughts. Trading method is also different. One can get good returns in short term. Similarly short term investment proves to be profitable. Trading in current market price fluctuations. It becomes difficult to do, because it increases the risk, so one should be careful. If we trade without understanding the trend, we have to suffer losses in the trade. If the decisions are taken according to the market price condition and at the right time, we get profit in the trade. But in all, be careful. It is necessary to stay.
If we choose the top coin by marketcap then bitcoin in the top and second one is Ethereum and then BNB and then Solana then XRP then we saw the Dogescoin.
And one more thing it is not really easy to earn money by only investing on the top cryptocurrencies you have you must be know the analysis skills like the fundamental analysis and the technical analysis otherwise you won't be able to see profit.
Selecting large-cap tokens like what you mentioned is good advice in the world of crypto investment, but to get the maximum profits more efforts are needed. We have to be able to analyze economically, technically, and even emotionally analyzing possible influence of market moods, the possibilities of certain technologies, etc. From these two aspects, continued reading of the market signals, sensitivity to changes, and better investment decisions will be made, so that the probability of profit making is higher.
There are people who can be able to handle up such risks and thats why they do really tend to engage into those tokens/coins which does have that smaller marketcaps on which they do really want to have that potential profits on which it is really that way more than on what they could earn on big cap coins which it s really understandable. If you can be able to handle up such risks then go ahead but if you do really like to have at least on sticking into more secure (but not guaranteed) thing then you will go into those established old coins, but if you are a risk
taker then you will definitely go into the other side of things.
-
Practically every person has different thoughts. Trading method is also different. One can get good returns in short term. Similarly short term investment proves to be profitable. Trading in current market price fluctuations. It becomes difficult to do, because it increases the risk, so one should be careful. If we trade without understanding the trend, we have to suffer losses in the trade. If the decisions are taken according to the market price condition and at the right time, we get profit in the trade. But in all, be careful. It is necessary to stay.
If we choose the top coin by marketcap then bitcoin in the top and second one is Ethereum and then BNB and then Solana then XRP then we saw the Dogescoin.
And one more thing it is not really easy to earn money by only investing on the top cryptocurrencies you have you must be know the analysis skills like the fundamental analysis and the technical analysis otherwise you won't be able to see profit.
Selecting large-cap tokens like what you mentioned is good advice in the world of crypto investment, but to get the maximum profits more efforts are needed. We have to be able to analyze economically, technically, and even emotionally analyzing possible influence of market moods, the possibilities of certain technologies, etc. From these two aspects, continued reading of the market signals, sensitivity to changes, and better investment decisions will be made, so that the probability of profit making is higher.
There are people who can be able to handle up such risks and thats why they do really tend to engage into those tokens/coins which does have that smaller marketcaps on which they do really want to have that potential profits on which it is really that way more than on what they could earn on big cap coins which it s really understandable. If you can be able to handle up such risks then go ahead but if you do really like to have at least on sticking into more secure (but not guaranteed) thing then you will go into those established old coins, but if you are a risk
taker then you will definitely go into the other side of things.
risk management is very much needed in investment, I choose old coins as my investment priority but I also invest in new coins to diversify my investment. because new coins provide greater profits but we must understand the risks that's why proper risk management is needed in managing our crypto assets.
-
Practically every person has different thoughts. Trading method is also different. One can get good returns in short term. Similarly short term investment proves to be profitable. Trading in current market price fluctuations. It becomes difficult to do, because it increases the risk, so one should be careful. If we trade without understanding the trend, we have to suffer losses in the trade. If the decisions are taken according to the market price condition and at the right time, we get profit in the trade. But in all, be careful. It is necessary to stay.
If we choose the top coin by marketcap then bitcoin in the top and second one is Ethereum and then BNB and then Solana then XRP then we saw the Dogescoin.
And one more thing it is not really easy to earn money by only investing on the top cryptocurrencies you have you must be know the analysis skills like the fundamental analysis and the technical analysis otherwise you won't be able to see profit.
Selecting large-cap tokens like what you mentioned is good advice in the world of crypto investment, but to get the maximum profits more efforts are needed. We have to be able to analyze economically, technically, and even emotionally analyzing possible influence of market moods, the possibilities of certain technologies, etc. From these two aspects, continued reading of the market signals, sensitivity to changes, and better investment decisions will be made, so that the probability of profit making is higher.
There are people who can be able to handle up such risks and thats why they do really tend to engage into those tokens/coins which does have that smaller marketcaps on which they do really want to have that potential profits on which it is really that way more than on what they could earn on big cap coins which it s really understandable. If you can be able to handle up such risks then go ahead but if you do really like to have at least on sticking into more secure (but not guaranteed) thing then you will go into those established old coins, but if you are a risk
taker then you will definitely go into the other side of things.
Small cap coins will be more profitable for trading because of high volatility but the risk is greater, I agree with you if we can handle the risk with proper research and analysis we can trade with coins that have high volatility but if we want to be safe even though we get smaller profits, we can choose old coins for investment.
-
Selecting large-cap tokens like what you mentioned is good advice in the world of crypto investment, but to get the maximum profits more efforts are needed. We have to be able to analyze economically, technically, and even emotionally analyzing possible influence of market moods, the possibilities of certain technologies, etc. From these two aspects, continued reading of the market signals, sensitivity to changes, and better investment decisions will be made, so that the probability of profit making is higher.
I have also mentioned that in my post because it is true that large market cap coins are more trustable for investing but even then they have the risk because large-market cap don't remove their volatility so that they have also risk of losses. And that is the reason I have also said even then they have large marketcap and place on the top rank we must need the analysis skill for having the profit from the trading.
-
It is something common in trading and we must experience loser, do I say is something natural that regularly occur while trading and anyone who does not know how to manage their trade or do proper analysis would definitely loss while trading. Lose even mostly happens to reputable traders because if they do any wrong analysis it would result losing big time.
It is very true, without going too far, this week I experienced a loss that has been difficult for me to recover from, the truth is that I made many mistakes at once and that made me angry with myself, because I fell into that error of "I think this will happen" and by doing that and making operations without foundation, I lost a lot, and that is something that is difficult for me to receive again, so I determined that if I last approximately 40 minutes and I make 1 good operation, then I leave it for now, and if I see that I am trading and I don't see anything, then I go to another time during the day.
-
It is something common in trading and we must experience loser, do I say is something natural that regularly occur while trading and anyone who does not know how to manage their trade or do proper analysis would definitely loss while trading. Lose even mostly happens to reputable traders because if they do any wrong analysis it would result losing big time.
It is very true, without going too far, this week I experienced a loss that has been difficult for me to recover from, the truth is that I made many mistakes at once and that made me angry with myself, because I fell into that error of "I think this will happen" and by doing that and making operations without foundation, I lost a lot, and that is something that is difficult for me to receive again, so I determined that if I last approximately 40 minutes and I make 1 good operation, then I leave it for now, and if I see that I am trading and I don't see anything, then I go to another time during the day.
Yes so it's important to have a targets trade or better entry point because when you don't focused on your trading and doing proper analysis lost is inevitable to come sooner or later, that is why while trading one doesn't have to spend the entire 24 hrs trading because, sometimes the more you spend time the more you lose more in trading but with some targeted trade you can achieve alot without even incurring much lost while trading.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I may not really understand what you mean by counter-trend because even the trend is determined by the price mechanism of buying and selling which happens in respect of the effects of traders.
When the market tends to move downwards (bullish) it is obvious that this effect is caused by the result of heavy sellout from traders while these traders are busy selling, we see others buying as the price is low even wanting to buy more at the dip...
At a massive sell... There's a corresponding buy.
On the other hand, when the price begins to give a green candlestick, there are traders who buy hoping the price will go higher as there are also traders who correspondingly sellout speculating that the price may likely go bearish again.
This simply states that no matter the trend of the market there are those who buy and those who also sell.... Expressing the trend and counter-trend of the market..
But all strategy depends solely on the individual trader.
-
It is something common in trading and we must experience loser, do I say is something natural that regularly occur while trading and anyone who does not know how to manage their trade or do proper analysis would definitely loss while trading. Lose even mostly happens to reputable traders because if they do any wrong analysis it would result losing big time.
It is very true, without going too far, this week I experienced a loss that has been difficult for me to recover from, the truth is that I made many mistakes at once and that made me angry with myself, because I fell into that error of "I think this will happen" and by doing that and making operations without foundation, I lost a lot, and that is something that is difficult for me to receive again, so I determined that if I last approximately 40 minutes and I make 1 good operation, then I leave it for now, and if I see that I am trading and I don't see anything, then I go to another time during the day.
Yes so it's important to have a targets trade or better entry point because when you don't focused on your trading and doing proper analysis lost is inevitable to come sooner or later, that is why while trading one doesn't have to spend the entire 24 hrs trading because, sometimes the more you spend time the more you lose more in trading but with some targeted trade you can achieve alot without even incurring much lost while trading.
Well, It is always very crucial to have a clear and specific trading target and entry level, since by doing a proper analysis of the market we can always reduce the chances of making a loss. Refusing to spending too much time in the market leads us to keep the work in balance as much as possible so that we are able to make the result we want with less efforts and pressure. Consequently with targeted approach one can get more done without having to be always stomped in constant shocks of the market.
-
I have also mentioned that in my post because it is true that large market cap coins are more trustable for investing but even then they have the risk because large-market cap don't remove their volatility so that they have also risk of losses. And that is the reason I have also said even then they have large marketcap and place on the top rank we must need the analysis skill for having the profit from the trading.
It is very wise what you say, we as people who trust the safest currencies, for example the alts that I would trust the most would be ETH, because it is one of the currencies that I think has the 2nd place after BTC and if we look at the chart shown in this currency it is almost the same as BTC, so for me it is the alt currency that seems most trustworthy to me, however it is as you say , the Capitalization is high , but the volatility is also, and that can significantly affect this , therefore every time we are operating this Crypto we must consider that it can collapse at any Moment, because nothing is certain, for me what is certain is BTC.
-
It is very wise what you say, we as people who trust the safest currencies, for example the alts that I would trust the most would be ETH, because it is one of the currencies that I think has the 2nd place after BTC and if we look at the chart shown in this currency it is almost the same as BTC, so for me it is the alt currency that seems most trustworthy to me, however it is as you say , the Capitalization is high , but the volatility is also, and that can significantly affect this , therefore every time we are operating this Crypto we must consider that it can collapse at any Moment, because nothing is certain, for me what is certain is BTC.
The thing what I believe about the Cryptocurrency is it is not a quick rich scheme so that we will get rich man after investing here some money. And here if we do the investment on the Bitcoin or altcoin like Ethereum then the profit amount will be lower but about the losses you can gain 100% profit if you hold for long-term.
And what I think about the others peoples who are invseting on the others altcoins and the memecoin for getting huge revenue from their investment they things that may be they can become millioners by investing on altcoin but end of the day we saw that they loss their fund with their capitals.
-
It is very wise what you say, we as people who trust the safest currencies, for example the alts that I would trust the most would be ETH, because it is one of the currencies that I think has the 2nd place after BTC and if we look at the chart shown in this currency it is almost the same as BTC, so for me it is the alt currency that seems most trustworthy to me, however it is as you say , the Capitalization is high , but the volatility is also, and that can significantly affect this , therefore every time we are operating this Crypto we must consider that it can collapse at any Moment, because nothing is certain, for me what is certain is BTC.
The thing what I believe about the Cryptocurrency is it is not a quick rich scheme so that we will get rich man after investing here some money. And here if we do the investment on the Bitcoin or altcoin like Ethereum then the profit amount will be lower but about the losses you can gain 100% profit if you hold for long-term.
And what I think about the others peoples who are invseting on the others altcoins and the memecoin for getting huge revenue from their investment they things that may be they can become millioners by investing on altcoin but end of the day we saw that they loss their fund with their capitals.
I agree with what you said if we want to achieve 100% profit, we can hold long term by buying during bearish season. because investing in crypto does not make us rich quickly in a few weeks. Newbies hope to get big profits and get rich quickly by investing in meme coins but because they have no experience in making analysis they end up losing, because meme coins are very risky.
-
This simply states that no matter the trend of the market there are those who buy and those who also sell.... Expressing the trend and counter-trend of the market..
But all strategy depends solely on the individual trader.
Different traders have different strategies in trading. So it's not unusual for one person's strategy to be inconsistent with another's. What the OP meant about trending is that trading against the trend and making a profit would be somewhat difficult. When the market is in a bullish movement, it can be difficult for one to buy and profit from it i.e. it is somewhat difficult to profit against the normal movement of the market, although this should not be the case in all cases. Because only when a trader takes risk will he have the possibility to profit. In that case there can be either profit or loss. A trader must not rely on one strategy for trading. In order to profit from trading, a trader has to constantly change trading strategies, otherwise the chances of losing increase.
-
I agree with what you said if we want to achieve 100% profit, we can hold long term by buying during bearish season. because investing in crypto does not make us rich quickly in a few weeks. Newbies hope to get big profits and get rich quickly by investing in meme coins but because they have no experience in making analysis they end up losing, because meme coins are very risky.
Yeap even if a person don't have much knowledge on crypto and analysis if they have invested on bitcoin for longterm they must have profit even if they got low profit they will not have the losses. But here some facts are also working if that person invest in bull season and want they will have big profit they are in misconception.
For getting high profit you must have invest on the bear season and for knowing the bear season and when it will arise you must have the basic knowledge about bitcoin this is really simple you just need to saw the past price record of bitcoin.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Actually understand and know about market trend is very important for trade. Market Trend important because if we unable to understand trend then we will do mistake in trade and we will loss our valuable fund there has no doubt.
Counter-trend trading is very dangerous because any time traders can fall in big loss. First time when i was new in trading then i could not understood about market trend anf i made some counter-trend trade and i was lost my fund.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Actually understand and know about market trend is very important for trade. Market Trend important because if we unable to understand trend then we will do mistake in trade and we will loss our valuable fund there has no doubt.
Counter-trend trading is very dangerous because any time traders can fall in big loss. First time when i was new in trading then i could not understood about market trend anf i made some counter-trend trade and i was lost my fund.
in trading I always follow the trend because I don't dare to go against the current, because the risk is very high.
We must understand the market trend and try to follow it in order to make a profit. I often do scalping when the market goes down and up, this is how I respond to changing market conditions.
-
Yes so it's important to have a targets trade or better entry point because when you don't focused on your trading and doing proper analysis lost is inevitable to come sooner or later, that is why while trading one doesn't have to spend the entire 24 hrs trading because, sometimes the more you spend time the more you lose more in trading but with some targeted trade you can achieve alot without even incurring much lost while trading.
It's a fact, things are like that, I still haven't been able to recover what I lost because I thought I knew everything, every day I do 1 or 2 operations only because I haven't seen good things, I always like to operate rejection candles or parity candles, it's what I feel most secure about, however, intraday trading is good because it is more opportune for the movements to occur, now it is worth trading any alt/btc because the trend is to go up, so this is very good in the approach that is taken, it is very likely that now the operations that occur will be on the rise.
-
Yes so it's important to have a targets trade or better entry point because when you don't focused on your trading and doing proper analysis lost is inevitable to come sooner or later, that is why while trading one doesn't have to spend the entire 24 hrs trading because, sometimes the more you spend time the more you lose more in trading but with some targeted trade you can achieve alot without even incurring much lost while trading.
It's a fact, things are like that, I still haven't been able to recover what I lost because I thought I knew everything, every day I do 1 or 2 operations only because I haven't seen good things, I always like to operate rejection candles or parity candles, it's what I feel most secure about, however, intraday trading is good because it is more opportune for the movements to occur, now it is worth trading any alt/btc because the trend is to go up, so this is very good in the approach that is taken, it is very likely that now the operations that occur will be on the rise.
Currently market is on the bull trend and whatever trades anyone does now is likely to be yielding profits be it alt/btc or whatever, surely there will be profits. But what I am mostly concerned is that we shouldn't be that relaxed while trading, we can take profits from every single trade instead of opening long position for the market due to uncontrollably surge in the market. I also know that most traders has positioned themselves to be in the 100k benchmark which the market might likely have a retracement to gain momentum to hit back to 100k but let us watch and see how the Market moves.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
If you know something about trading, it doesn't matter if the market is bearish or bullish, because you know to yourself that you can get a profit from the trading activity you will do. That's the advantage if you are knowledgeable in trading particularly here in the crypto space.
That's why it's not allowed to be ignorant of trading, because it's like a job that should really study and learn the things that we can use as
a tool to obtain profit being a trader.
-
Currently market is on the bull trend and whatever trades anyone does now is likely to be yielding profits be it alt/btc or whatever, surely there will be profits. But what I am mostly concerned is that we shouldn't be that relaxed while trading, we can take profits from every single trade instead of opening long position for the market due to uncontrollably surge in the market. I also know that most traders has positioned themselves to be in the 100k benchmark which the market might likely have a retracement to gain momentum to hit back to 100k but let us watch and see how the Market moves.
You are right market is doing well now but we should not get too comfortable. We need to stay careful and have plan. Taking profits from each trade is smarter than holding onto them for too long. This helps avoid big losses if market suddenly changes. Many traders think market will reach $100000 but we should be prepared for surprises. Market is unpredictable. Let's keep close eye on market and change our plans if needed.
-
I agree with what you said if we want to achieve 100% profit, we can hold long term by buying during bearish season. because investing in crypto does not make us rich quickly in a few weeks. Newbies hope to get big profits and get rich quickly by investing in meme coins but because they have no experience in making analysis they end up losing, because meme coins are very risky.
I see meme coins for what they are, they are a pump and dump, nothing more, from there on things can happen differently, I personally think that when there are more ways of seeing things it is necessary to consider them to operate, for example bitcoin is now in a bullish trend, thanks to the US elections and that Trump won it is a fact that btc rose and will probably continue to grow in price , given this many things can be considered first that every time it is taken into account that bitcoin is going to be bought with the DCA method it is done without restriction, what interests us is to Accumulate and accumulate.
-
Currently market is on the bull trend and whatever trades anyone does now is likely to be yielding profits be it alt/btc or whatever, surely there will be profits. But what I am mostly concerned is that we shouldn't be that relaxed while trading, we can take profits from every single trade instead of opening long position for the market due to uncontrollably surge in the market. I also know that most traders has positioned themselves to be in the 100k benchmark which the market might likely have a retracement to gain momentum to hit back to 100k but let us watch and see how the Market moves.
You are right market is doing well now but we should not get too comfortable. We need to stay careful and have plan. Taking profits from each trade is smarter than holding onto them for too long. This helps avoid big losses if market suddenly changes. Many traders think market will reach $100000 but we should be prepared for surprises. Market is unpredictable. Let's keep close eye on market and change our plans if needed.
I am not too relaxed about the market because I know that the market would experience retracemenet therefore I don't give much attention to the exponential increase rather mostly concerned about my profits and if you watch currently you will understand that the market is trying to gain a bit stability to cross 90k. If you watch carefully you would understand that it is try to gain momentum to cross 90k to achieve the level of 100k which is very possible and likely to cross before Friday evening.
-
Currently market is on the bull trend and whatever trades anyone does now is likely to be yielding profits be it alt/btc or whatever, surely there will be profits. But what I am mostly concerned is that we shouldn't be that relaxed while trading, we can take profits from every single trade instead of opening long position for the market due to uncontrollably surge in the market. I also know that most traders has positioned themselves to be in the 100k benchmark which the market might likely have a retracement to gain momentum to hit back to 100k but let us watch and see how the Market moves.
You are right market is doing well now but we should not get too comfortable. We need to stay careful and have plan. Taking profits from each trade is smarter than holding onto them for too long. This helps avoid big losses if market suddenly changes. Many traders think market will reach $100000 but we should be prepared for surprises. Market is unpredictable. Let's keep close eye on market and change our plans if needed.
I am not too relaxed about the market because I know that the market would experience retracemenet therefore I don't give much attention to the exponential increase rather mostly concerned about my profits and if you watch currently you will understand that the market is trying to gain a bit stability to cross 90k. If you watch carefully you would understand that it is try to gain momentum to cross 90k to achieve the level of 100k which is very possible and likely to cross before Friday evening.
Yes it seems bitcoin is trying to cross 90K, but failed today and has reached ATH at $ 89,956. Let's see tomorrow how the bitcoin price moves if it touches $ 90K it is likely to reach ATH $ 100K by the end of this year. The extraordinary US presidential election, trump's victory has made the bitcoin market soar.
-
Consequently with targeted approach one can get more done without having to be always stomped in constant shocks of the market.
It is a fact, things in the Market must be very well focused, I Personally think that when we have to face the different phases of the market we should take Advantage of them , if we see that We have a clear vision of the market then we must negotiate because having that clarity sometimes costs a lot, when I see that I have clear and more secure entries I Operate , when I have enough Confirmations , I have learned that, based on fundamentals for the period, then I see that these things are very good to consider , Because in the end it is Money that we are Risking.
-
Yes it seems bitcoin is trying to cross 90K, but failed today and has reached ATH at $ 89,956. Let's see tomorrow how the bitcoin price moves if it touches $ 90K it is likely to reach ATH $ 100K by the end of this year. The extraordinary US presidential election, trump's victory has made the bitcoin market soar.
it has now stayed in the $86k you are right that it briefly tried to reach $90k but it only got to $89k unfortunately for me i thought it could happen and i was not able to take advantage of the $89k but i am still pretty happy with the price i got my coins out of albeit a little lower than $89k now though we might see some correction happen and again just keep taking advantage of it and trust your instincts
once it goes down eventually im sure i would re enter the market and see it grow until it reach $100k either by the end of the year or early start of 2025
-
it has now stayed in the $86k you are right that it briefly tried to reach $90k but it only got to $89k unfortunately for me i thought it could happen and i was not able to take advantage of the $89k but i am still pretty happy with the price i got my coins out of albeit a little lower than $89k now though we might see some correction happen and again just keep taking advantage of it and trust your instincts
once it goes down eventually im sure i would re enter the market and see it grow until it reach $100k either by the end of the year or early start of 2025
Some people are waiting for the moment when Trump will be inaugurated, they believe that at that moment the price of BTC will probably go up drastically... but I don't take that seriously enough at the moment, because Trump has been elected and everyone has already confirmed that the inauguration is part of the schedule...
What I am waiting for more is Trump's policy on cryptocurrency, that is really something that will affect the market... so that the policy that benefits cryptocurrency users will encourage more purchases, thus causing a BTC price pump.
-
it has now stayed in the $86k you are right that it briefly tried to reach $90k but it only got to $89k unfortunately for me i thought it could happen and i was not able to take advantage of the $89k but i am still pretty happy with the price i got my coins out of albeit a little lower than $89k now though we might see some correction happen and again just keep taking advantage of it and trust your instincts
once it goes down eventually im sure i would re enter the market and see it grow until it reach $100k either by the end of the year or early start of 2025
Some people are waiting for the moment when Trump will be inaugurated, they believe that at that moment the price of BTC will probably go up drastically... but I don't take that seriously enough at the moment, because Trump has been elected and everyone has already confirmed that the inauguration is part of the schedule...
What I am waiting for more is Trump's policy on cryptocurrency, that is really something that will affect the market... so that the policy that benefits cryptocurrency users will encourage more purchases, thus causing a BTC price pump.
Now we are waiting for Donald Trump's obligations on what he promised during his campaign, but I think what Trump promised about digital currency will be realized so that the price of digital currency will increase, especially Bitcoin. Trump has a very big impact on digital currency, look when he was elected president, the price of Bitcoin immediately soared, even everyone is sure that in early 2025 Bitcoin will reach $100k
-
it has now stayed in the $86k you are right that it briefly tried to reach $90k but it only got to $89k unfortunately for me i thought it could happen and i was not able to take advantage of the $89k but i am still pretty happy with the price i got my coins out of albeit a little lower than $89k now though we might see some correction happen and again just keep taking advantage of it and trust your instincts
once it goes down eventually im sure i would re enter the market and see it grow until it reach $100k either by the end of the year or early start of 2025
Some people are waiting for the moment when Trump will be inaugurated, they believe that at that moment the price of BTC will probably go up drastically... but I don't take that seriously enough at the moment, because Trump has been elected and everyone has already confirmed that the inauguration is part of the schedule...
What I am waiting for more is Trump's policy on cryptocurrency, that is really something that will affect the market... so that the policy that benefits cryptocurrency users will encourage more purchases, thus causing a BTC price pump.
Now we are waiting for Donald Trump's obligations on what he promised during his campaign, but I think what Trump promised about digital currency will be realized so that the price of digital currency will increase, especially Bitcoin. Trump has a very big impact on digital currency, look when he was elected president, the price of Bitcoin immediately soared, even everyone is sure that in early 2025 Bitcoin will reach $100k
We are likely to see bitcoin price touch $100K by the end of this year, seeing the enthusiasm of crypto investors and the increasing demand due to Trump's victory in the US presidential election. When the vote count showed Trump winning, bitcoin reached a new ATH and then the price of bitcoin rose to touch $93K, this is evidence of the positive impact of Trump's victory.
-
If we must be a good trader, then there is more expected from us, we have to make sure we put some things in place before starting, this could be the way of how we are being disciplined, the risk ability we have and the understanding factor which is a key required skills for learning how to trade, not giving attention on things like this are what causes many to fail in trading, because they cant manage to avoid the little challenges they could have controlled.
-
And what I think about the others peoples who are invseting on the others altcoins and the memecoin for getting huge revenue from their investment they things that may be they can become millioners by investing on altcoin but end of the day we saw that they loss their fund with their capitals.
It is very true, things when it comes to investments in altcoins you have to have a lot of knowledge, well at least that's how I see it, because investing in alts is knowing that they are going to go up, and that they may be close to doing so, but holding an alt is something that for me is having a lot of risk capacity, although of course sometimes you have to take risks, meme coins catch my attention, because there are people who operate and earn a lot, but I say that they are experts in pump and dump, honestly it is something that I admire, because I still don't know how those analyses are done.
-
It is very true, things when it comes to investments in altcoins you have to have a lot of knowledge, well at least that's how I see it, because investing in alts is knowing that they are going to go up, and that they may be close to doing so, but holding an alt is something that for me is having a lot of risk capacity, although of course sometimes you have to take risks, meme coins catch my attention, because there are people who operate and earn a lot, but I say that they are experts in pump and dump, honestly it is something that I admire, because I still don't know how those analyses are done.
From my own experience, I have seen many people who invest in cryptocurrency only because of their greed. And most of them are in the same situation but many of them are very excited to invest despite not knowing the current analysis. And many people are investing in cryptocurrency only based on hype and trend without taking analysis knowledge or even basic knowledge. Those who invest in this way have suffered a huge amount of loss.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Trading in opposite of the direction of the market is a high risk that can be make you lose your capital, I see this as a gamble because of the risks involved in it. As a trader you must learn to always be complacent with your profits for the day no matter how small they are, most people try to make huge profits in a day that's why they trade against the trend, risk management should be of utmost importance to you, if you continue using this system you Will blow your trading accounts on a regular basis. Learn how to be disciplined and avoid being greedy
Talking of trading against the trend, then it is actually similar to gambling with the capital since you are going against the trend of the stock market. That is why it is more effective to deny yourself and reduce risks in the case of trading on the stock exchange in the long term. In my studied literature, greed has been cited as the reason that many traders end up losing all their money. Indeed it is more advisable to earn small but continuous profits than trying to earn huge profits and guess what, you just lost all your capital instead. Risk management is also part of trading that involves ensuring that the trader remains disciplined by having daily targets to be achieved, the trader must also control their emotions.
It's really wrong to trade against the trend, and the only ones who usually do this are traders who don't think that much about trading in the crypto space we live in. Because if you have a broad understanding of trading, you won't do it for sure.
As long as possible, we will make a profit and not waste our assets, right? That's why it's so valuable that we have a deep knowledge of trading because it's not really easy to understand and learn, but once we get it and understand it, we can make a profit anytime.
-
It's really wrong to trade against the trend, and the only ones who usually do this are traders who don't think that much about trading in the crypto space we live in. Because if you have a broad understanding of trading, you won't do it for sure.
As long as possible, we will make a profit and not waste our assets, right? That's why it's so valuable that we have a deep knowledge of trading because it's not really easy to understand and learn, but once we get it and understand it, we can make a profit anytime.
in trading I always follow the existing trend, I have no knowledge and experience in trading against the trend, but I read comments from members who trade against the trend, maybe they can share how to do it.
trading requires a good and precise plan and strategy to be honest I have no experience in trading against the trend.
-
you can't improvise to be a trader, it's a job that requires time, patience and a lot of experience
I bought some technical analysis books, but in some cases they are worthless
in certain cases it is the external, political, geopolitical and macroeconomic conditions that dictate the short-term trend
-
in trading I always follow the existing trend, I have no knowledge and experience in trading against the trend, but I read comments from members who trade against the trend, maybe they can share how to do it.
trading requires a good and precise plan and strategy to be honest I have no experience in trading against the trend.
Trading against trend is generally not recommended because it can lead to significant losses. If we take look on experienced traders so we will see that they firstly understand importance of aligning their strategies with market trends. Having deep understanding of trading principles and concepts is every important for making informed decisions and maximizing profits. So good traders always take a grip on trends and look and then they trade.
-
in trading I always follow the existing trend, I have no knowledge and experience in trading against the trend, but I read comments from members who trade against the trend, maybe they can share how to do it.
trading requires a good and precise plan and strategy to be honest I have no experience in trading against the trend.
Trading against trend is generally not recommended because it can lead to significant losses. If we take look on experienced traders so we will see that they firstly understand importance of aligning their strategies with market trends. Having deep understanding of trading principles and concepts is every important for making informed decisions and maximizing profits. So good traders always take a grip on trends and look and then they trade.
Agreed, to become a professional trader we should follow the trend and take advantage of it.
Going against the trend will risk causing losses, I have never tried it. because my mentor always said to follow the current trend and don't try to fight it because the risk will make you lose capital. I always remember the mentor's message.
-
Agreed, to become a professional trader we should follow the trend and take advantage of it.
Going against the trend will risk causing losses, I have never tried it. because my mentor always said to follow the current trend and don't try to fight it because the risk will make you lose capital. I always remember the mentor's message.
It is not very true what you say, in fact it reminds me of Livermore's book which says that we should operate on the line of least resistance because that is where the market is heading, in other words, follow the trend, but sometimes it is not so easy, especially in very short time periods, in longer time periods it is better, but that depends on the type of trading you want to do.
The trading that we should do is the one that best suits us, sometimes we are naturally better in short periods, others in long periods, it also depends a lot on personality.
-
Agreed, to become a professional trader we should follow the trend and take advantage of it.
Going against the trend will risk causing losses, I have never tried it. because my mentor always said to follow the current trend and don't try to fight it because the risk will make you lose capital. I always remember the mentor's message.
It is not very true what you say, in fact it reminds me of Livermore's book which says that we should operate on the line of least resistance because that is where the market is heading, in other words, follow the trend, but sometimes it is not so easy, especially in very short time periods, in longer time periods it is better, but that depends on the type of trading you want to do.
The trading that we should do is the one that best suits us, sometimes we are naturally better in short periods, others in long periods, it also depends a lot on personality.
Following the trend is the way I always do it, it's not easy, especially if we are late to enter.
but going against the trend is not a wise decision because it requires experience and accurate predictions.
determining the investment period, whether long or short, depends on what considerations we plan.
in investing in crypto we should have that plan and following the trend is the most appropriate for me.
-
Do you have never wondered that the owner of the VIP signal has already bought this signal for some cheap price after that making an announcement to the followers and after some time the owner of this group will resell it for some profit. Have you ever had such a thought in your mind?
It is a fact , things are like that, in the case of the trader who makes the signals they have a software that analyzes everything and is capable of giving signals in hours and 1 minute, things seem to me that are difficult to do so that they can be predicted, for me it is very difficult to do trading at 1 minute and apart from everything it seems to me that the correct way is to do it live without analyzing for a longer time, that is, if I do trading at 1 minute it seems to me that it is extremely difficult to do it in the afternoon and at 1 minute, I don't know how they do it but the automatic signals work.
-
Do you have never wondered that the owner of the VIP signal has already bought this signal for some cheap price after that making an announcement to the followers and after some time the owner of this group will resell it for some profit. Have you ever had such a thought in your mind?
It is a fact , things are like that, in the case of the trader who makes the signals they have a software that analyzes everything and is capable of giving signals in hours and 1 minute, things seem to me that are difficult to do so that they can be predicted, for me it is very difficult to do trading at 1 minute and apart from everything it seems to me that the correct way is to do it live without analyzing for a longer time, that is, if I do trading at 1 minute it seems to me that it is extremely difficult to do it in the afternoon and at 1 minute, I don't know how they do it but the automatic signals work.
Short term trading does involve high degree of accuracy and it is not always feasible to do it manually without arriving at some associated tools with professional qualification. Signal provider software and other automations are intended to analyse great amounts of information in a short period, and this provides us a chance to track sharp market changes. But it is crucial for us to consider the one which is more feasible for us and which method we are comfortable in using whether we select the automated tool or we want to spend more time doing our analysis on excel. Thus, it is possible to remain synchronised with the given trading style which we are effective in using.
-
I believed that the best way of learning is to pick a particular idea or insight form others who have done something tangible before us and we have a lot to learn from their past experiences.
Trading is a bed full or roses, but only those who knows how to step on it will avoid bleeding and comfortably sleep on it, its a mature game whereby we take risk and know what we are doing is more likely to be well predicted on accuracy.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
It depends on what type of trader you are. Because there are different techniques for long term trading and scalping. You have to move accordingly to your plan.
-
From my own experience, I have seen many people who invest in cryptocurrency only because of their greed. And most of them are in the same situation but many of them are very excited to invest despite not knowing the current analysis. And many people are investing in cryptocurrency only based on hype and trend without taking analysis knowledge or even basic knowledge. Those who invest in this way have suffered a huge amount of loss.
For now the market is giving many turns, and of course when bitcoin goes up it means that it is very, very likely that altcoins will also go up in price, it is a fact that it could be like that, of course taking as a basis that when things try to give better profits the safe thing is btc, and some alts that can give up to 10x there are, but to know which one, that's the detail, therefore when we go to a plane that has to do with greed, that's the bad thing, because that's what throws our plans away in their entirety.
-
For now the market is giving many turns, and of course when bitcoin goes up it means that it is very, very likely that altcoins will also go up in price, it is a fact that it could be like that, of course taking as a basis that when things try to give better profits the safe thing is btc, and some alts that can give up to 10x there are, but to know which one, that's the detail, therefore when we go to a plane that has to do with greed, that's the bad thing, because that's what throws our plans away in their entirety.
You are right, I agree with you. People who see that altcoins are making more profit than bitcoins, invest in altcoins in the hope of making more profit. And naturally, if they are new to crypto and have no knowledge about analysis, they will definitely make the wrong decision and face losses later. This happened to me in the beginning. And I think most newbies make such mistakes from time to time.
Apart from that, I think the altcoin season has not started yet because there has not been much pump seen among the altcoins yet.
-
Trading with markets trends is very important because it helps traders to identify the market's direction, and if a trader knows the direction of the markets, it will enable them to navigate the market smoothly and make informed decisions, without facing any issues or challenges. and By aligning with the trend, traders can minimize risks, maximize potential gains, and increase their chances of success.
-
Agreed, to become a professional trader we should follow the trend and take advantage of it.
Going against the trend will risk causing losses, I have never tried it. because my mentor always said to follow the current trend and don't try to fight it because the risk will make you lose capital. I always remember the mentor's message.
It is not very true what you say, in fact it reminds me of Livermore's book which says that we should operate on the line of least resistance because that is where the market is heading, in other words, follow the trend, but sometimes it is not so easy, especially in very short time periods, in longer time periods it is better, but that depends on the type of trading you want to do.
The trading that we should do is the one that best suits us, sometimes we are naturally better in short periods, others in long periods, it also depends a lot on personality.
if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.
-
if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.
agreed in trading we have to choose which coin is suitable for short term and which one is suitable for long term hold. I agree with you bitcoin is a coin suitable for long term hold and some coins you mentioned I agree BONK, PEPE, DOGE and solana are suitable for short and medium term.
-
For now the market is giving many turns, and of course when bitcoin goes up it means that it is very, very likely that altcoins will also go up in price, it is a fact that it could be like that, of course taking as a basis that when things try to give better profits the safe thing is btc, and some alts that can give up to 10x there are, but to know which one, that's the detail, therefore when we go to a plane that has to do with greed, that's the bad thing, because that's what throws our plans away in their entirety.
You are right, I agree with you. People who see that altcoins are making more profit than bitcoins, invest in altcoins in the hope of making more profit. And naturally, if they are new to crypto and have no knowledge about analysis, they will definitely make the wrong decision and face losses later. This happened to me in the beginning. And I think most newbies make such mistakes from time to time.
Apart from that, I think the altcoin season has not started yet because there has not been much pump seen among the altcoins yet.
the profit gained from investing in altcoin is greater than bitcoin but we know the risk of altcoin is greater and this is what makes many people suggest choosing the top altcoin. Maybe the profit is smaller but the risk level is lower.
Currently it seems that altcoin season has not arrived because there has not been much spike from altcoin only certain coins have managed to reach their ATH, it is likely that altcoin season will occur in Q1 next year.
-
if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.
agreed in trading we have to choose which coin is suitable for short term and which one is suitable for long term hold. I agree with you bitcoin is a coin suitable for long term hold and some coins you mentioned I agree BONK, PEPE, DOGE and solana are suitable for short and medium term.
Gaining a clearer picture of how material may be sorted according to potential timeframes does help with planning. Bitcoin is long term stable so it serves as the base while other more risky currencies can be used for moments with higher fluctuations in shorter time span. Looking at the issue in this manner, this means we can be better placed in the management of risk and returns, when there is a strategy like this.
Still, we need to keep track of the evolution of the project under each coin separately. This way we guarantee that we do not have to fear a given change in the market and are suitably qualified to maximize a given chance under present circumstances. The ability to merely balance between the profit and the risk will also require time and quality analysis on the syndicate’s side.
-
Agreed, to become a professional trader we should follow the trend and take advantage of it.
Going against the trend will risk causing losses, I have never tried it. because my mentor always said to follow the current trend and don't try to fight it because the risk will make you lose capital. I always remember the mentor's message.
It is not very true what you say, in fact it reminds me of Livermore's book which says that we should operate on the line of least resistance because that is where the market is heading, in other words, follow the trend, but sometimes it is not so easy, especially in very short time periods, in longer time periods it is better, but that depends on the type of trading you want to do.
The trading that we should do is the one that best suits us, sometimes we are naturally better in short periods, others in long periods, it also depends a lot on personality.
if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.
I also read member comments that said trading against the market but specifically I do not know how, because I think the risk is greater. Satya always trades following market trends because my ability as an ordinary trader is not a professional, I only trade according to my ability.
-
the profit gained from investing in altcoin is greater than bitcoin but we know the risk of altcoin is greater and this is what makes many people suggest choosing the top altcoin. Maybe the profit is smaller but the risk level is lower.
Currently it seems that altcoin season has not arrived because there has not been much spike from altcoin only certain coins have managed to reach their ATH, it is likely that altcoin season will occur in Q1 next year.
Altcoin investment is possible at the same rate as it is possible to gain profit, there is also the possibility of facing loss here. Speaking for myself, when I started my investment here in the crypto space, I started with an altcoin and by investing in that coin, I almost lost my capital, where I invested two hundred and fifty dollars, currently my fund value is only 30 dollars.
I just showed it as an example. Yes, of course, my investment method was wrong and that's why I ended up in this situation, but it's also true that most investors who are new to investing in altcoins end up in the same situation.
-
Altcoin investment is possible at the same rate as it is possible to gain profit, there is also the possibility of facing loss here.
Because it will depend on how we manage our investment from various aspects, starting from the strategy we use, [coin selection, and also the time when we set the margin or place a position. All of this will have an effect. Even if the coins we choose are shit coins, but we understand when to enter and exit, then we might also be able to get big profits from these coins, especially those that are currently hyped, the profits can be hundreds of times. It's just that the risk is also too big to face.
and this is our job, besides determining what coins to invest in, it is also important for us to know when is the right time to enter and exit. and anyway, investment is where we put our money, so we must be prepared for the risk of loss, but that doesn't mean we give up and just accept the loss. we do our best to be able to develop a strategy so that we still profit.
-
Because it will depend on how we manage our investment from various aspects, starting from the strategy we use, [coin selection, and also the time when we set the margin or place a position. All of this will have an effect. Even if the coins we choose are shit coins, but we understand when to enter and exit, then we might also be able to get big profits from these coins, especially those that are currently hyped, the profits can be hundreds of times. It's just that the risk is also too big to face.
and this is our job, besides determining what coins to invest in, it is also important for us to know when is the right time to enter and exit. and anyway, investment is where we put our money, so we must be prepared for the risk of loss, but that doesn't mean we give up and just accept the loss. we do our best to be able to develop a strategy so that we still profit.
I want to agree with you on this because if we do not have the right strategy in hand during the investment of altcoin, then it is natural that there will be a loss. This is not only the case of altcoin, it is also applicable to Bitcoin. Especially those of us who do short-term trading. In this case, we must have analysis skills because in this case, if we do not have analysis skills, then the possibility of losing is more in the strategy where we do not have it. In some cases, differences are seen, then I will say that it is just because of luck favoring.
-
Following the trend is the way I always do it, it's not easy, especially if we are late to enter.
but going against the trend is not a wise decision because it requires experience and accurate predictions.
determining the investment period, whether long or short, depends on what considerations we plan.
in investing in crypto we should have that plan and following the trend is the most appropriate for me.
It's great that you have the ability to follow the trend. Sometimes it's happened to me that I can't follow the trend. When I don't think I have it, something happens and the market goes against me. I don't know, but sometimes to be able to follow the trend I have to do a lot of analysis, even watch the news. I use everything within my reach. Sometimes when I'm not sure , I see the analysis on TradingView, I see some of the analysis they do in the articles, I apply all of that.
-
Following the trend is the way I always do it, it's not easy, especially if we are late to enter.
but going against the trend is not a wise decision because it requires experience and accurate predictions.
determining the investment period, whether long or short, depends on what considerations we plan.
in investing in crypto we should have that plan and following the trend is the most appropriate for me.
It's great that you have the ability to follow the trend. Sometimes it's happened to me that I can't follow the trend. When I don't think I have it, something happens and the market goes against me. I don't know, but sometimes to be able to follow the trend I have to do a lot of analysis, even watch the news. I use everything within my reach. Sometimes when I'm not sure , I see the analysis on TradingView, I see some of the analysis they do in the articles, I apply all of that.
I also study trading view. In trading we have to take many references to be able to have the right strategy. because trading is not as easy as people imagine, I often experience losses because of wrong strategy formulation.
Trading following the trend can be done by observing and following several trading groups to learn which direction the market will move.
Even though we are not always right and sometimes experience defeat, at least the profit we get is greater than the loss. I am grateful for my trading skills.
-
I also study trading view. In trading we have to take many references to be able to have the right strategy. because trading is not as easy as people imagine, I often experience losses because of wrong strategy formulation.
Trading following the trend can be done by observing and following several trading groups to learn which direction the market will move.
Even though we are not always right and sometimes experience defeat, at least the profit we get is greater than the loss. I am grateful for my trading skills.
Indeed, trade education takes time to acquire, observation of the market, and the ability to learn from experience. It means that losses that are experienced can be useful in other ways and can help work out better methods for the next time. People can always follow these trends or use different sources of information to make more effective decisions. If we strengthen the identified tendencies, people will work extra efficiently, and we will succeed more frequently.
-
I also study trading view. In trading we have to take many references to be able to have the right strategy. because trading is not as easy as people imagine, I often experience losses because of wrong strategy formulation.
Trading following the trend can be done by observing and following several trading groups to learn which direction the market will move.
Even though we are not always right and sometimes experience defeat, at least the profit we get is greater than the loss. I am grateful for my trading skills.
Indeed, trade education takes time to acquire, observation of the market, and the ability to learn from experience. It means that losses that are experienced can be useful in other ways and can help work out better methods for the next time. People can always follow these trends or use different sources of information to make more effective decisions. If we strengthen the identified tendencies, people will work extra efficiently, and we will succeed more frequently.
losses and failures will be an experience for us and we must correct the mistakes we make. Because by learning from our mistakes we can improve the analysis and strategies we use in trading, this also applies to us investing in crypto.
many people forget failure and do not learn from it, this is what makes them not better and expert in investing.
-
Short term trading does involve high degree of accuracy and it is not always feasible to do it manually without arriving at some associated tools with professional qualification. Signal provider software and other automations are intended to analyse great amounts of information in a short period, and this provides us a chance to track sharp market changes. But it is crucial for us to consider the one which is more feasible for us and which method we are comfortable in using whether we select the automated tool or we want to spend more time doing our analysis on excel. Thus, it is possible to remain synchronised with the given trading style which we are effective in using.
It's true, and although I don't believe in trading whether it's done through bots, automated or something like that for simple reasons, it's not the same thing. Everything is based exclusively on technical analysis, there's no logic to the analysis, everything is based on analysis that is short-term, so it's difficult. Sometimes I prefer to do my trading with my own criteria, sometimes I study certain things, certain fundamentals and when I can I put them in my analysis to apply them. I prefer that a thousand times over software that tells me what to do.
-
Short term trading does involve high degree of accuracy and it is not always feasible to do it manually without arriving at some associated tools with professional qualification. Signal provider software and other automations are intended to analyse great amounts of information in a short period, and this provides us a chance to track sharp market changes. But it is crucial for us to consider the one which is more feasible for us and which method we are comfortable in using whether we select the automated tool or we want to spend more time doing our analysis on excel. Thus, it is possible to remain synchronised with the given trading style which we are effective in using.
It's true, and although I don't believe in trading whether it's done through bots, automated or something like that for simple reasons, it's not the same thing. Everything is based exclusively on technical analysis, there's no logic to the analysis, everything is based on analysis that is short-term, so it's difficult. Sometimes I prefer to do my trading with my own criteria, sometimes I study certain things, certain fundamentals and when I can I put them in my analysis to apply them. I prefer that a thousand times over software that tells me what to do.
In trading I also do not believe in bots because I think we should do our own analysis, strategize and have a plan and all done manually not using bots. but if we feel comfortable with bots just do it because the risk is borne by each.
I have been doing manual trading for more than 7 years and I enjoy it.
-
In trading I also do not believe in bots because I think we should do our own analysis, strategize and have a plan and all done manually not using bots. but if we feel comfortable with bots just do it because the risk is borne by each.
I have been doing manual trading for more than 7 years and I enjoy it.
Anyway, selecting a trading method is a decision which should be based on what can make us comfortable and confident. Manual analysis is the best choice if you want to prove dedication and hands-on involvement into all the decisions made, which is rewarding. There are people who are able to use bots, for others it may be helpful, but it doesn’t downplay the process that we go through manually. There are also Strengths and Weaknesses of each method and using the above philosophy, I believe that whatever is produced is a direct result of our own input.
-
when the market trend is an uptrend, traders will have to identify whether this uptrend can occur in the longer TF.
they confirm the uptrend when;
in the monthly chart the trend is going up.
in the weekly chart, the trend is going up
in the daily chart, the trend is going up.
Do you only trade according to the trend or you counter-trend trade from time to time?
if the trend if your friend, then you would likely be go long to profit. its always buy buy buy even when you are in the spot market.
I totally agreed on you to this matter dude, The best we can do is just buy as much as we can to buy the coins we want to buy. I really want to buy so many, even if it's not that big of an amount. It seems like I can't buy them all because I don't have enough money because I also budget my earnings here in the crypto space.
Until now, I felt jealous of people who have so much money that they are capable of buying potential altcoins in this field of the crypto industry.
While most of us here on the forum are trying to buy and save so that at least we have something to save for the bull run.
-
if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.
You are right in what you say, investing in btc is always better left for the long term, I can see that one of the currencies has a lot of logic in that it can grow, of those the one that I see the greatest possibility of growing is Doge because Doge is Elon Musk's favorite and now Elon Musk has much more influence in the world with everything, even with the government, then in the next bull run of this currency I imagine it will be very big, then I follow you that Doge is a great option, I have doubts about Pepe, what do you base yourself on to say that these other currencies have a great possibility of growing?
-
Trading is a zero sum game and only 5% of people actually make money consistently. All these people have an arsenal of trading strategies that they always use for some time and they have the discipline to follow it and adopt prudent risk management. So there is no such magic wand here. This is a business and significant wealth can be generated if you treat it as such. If you abuse it the markets will take everything from you. It is essential that we first understand what trend following means and understand the basics of why and how it works.
-
if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.
You are right in what you say, investing in btc is always better left for the long term, I can see that one of the currencies has a lot of logic in that it can grow, of those the one that I see the greatest possibility of growing is Doge because Doge is Elon Musk's favorite and now Elon Musk has much more influence in the world with everything, even with the government, then in the next bull run of this currency I imagine it will be very big, then I follow you that Doge is a great option, I have doubts about Pepe, what do you base yourself on to say that these other currencies have a great possibility of growing?
I still choose bitcoin as my main coin choice in investing, because I don't really like meme coins, so I only have a few meme coins in my wallet. DOGE is the most popular meme coin, this can also be a consideration / And we can also buy PEPE, this coin is also good enough to hold until next year.
-
I still choose bitcoin as my main coin choice in investing, because I don't really like meme coins, so I only have a few meme coins in my wallet. DOGE is the most popular meme coin, this can also be a consideration / And we can also buy PEPE, this coin is also good enough to hold until next year.
Many of us have identified the price of dogecoin as saying that it could reach $1 in the future. Many people say that there is a risk of dumping because it is a meme coin. But i think elon musk has some new plans that could cause dogecoin price volatility. If we choose to hold meme coin then dogecoin will be the best in it. Already ethereum is pumping a lot so many altcoins will pump now. On the other hand, I failed to buy pepe token because of lack of fund already.
-
You are right, I agree with you. People who see that altcoins are making more profit than bitcoins, invest in altcoins in the hope of making more profit. And naturally, if they are new to crypto and have no knowledge about analysis, they will definitely make the wrong decision and face losses later. This happened to me in the beginning. And I think most newbies make such mistakes from time to time.
Apart from that, I think the altcoin season has not started yet because there has not been much pump seen among the altcoins yet.
You're right, in fact when the altcoin season is activated almost Everyone buys and buys altcoins generating a huge boom within the market, the last similar boom I saw in altcoins was in 2021 with NFT games and that was something temporary, I think they lacked a lot more order in that, if they had done well the NFT games would still be much better and with great Acceptance , but they Dedicated themselves to stealing and wreaking havoc, they really damaged everything , it was a total Shame, for many it was a time of losses.
-
You're right, in fact when the altcoin season is activated almost Everyone buys and buys altcoins generating a huge boom within the market, the last similar boom I saw in altcoins was in 2021 with NFT games and that was something temporary, I think they lacked a lot more order in that, if they had done well the NFT games would still be much better and with great Acceptance , but they Dedicated themselves to stealing and wreaking havoc, they really damaged everything , it was a total Shame, for many it was a time of losses.
And that is also happening right now because of starting bull run there is already increasing the buy pressure on the market and gradually it is increasing and that's why if you see that the market cap most of all the cryptocurrency is increasing and as well their prices also and the more interesting thing is this is also attracting the newbies in the investment and here they invested and having struggling.
-
I also study trading view. In trading we have to take many references to be able to have the right strategy. because trading is not as easy as people imagine, I often experience losses because of wrong strategy formulation.
Trading following the trend can be done by observing and following several trading groups to learn which direction the market will move.
Even though we are not always right and sometimes experience defeat, at least the profit we get is greater than the loss. I am grateful for my trading skills.
We should always concentrate on the main thing, which is learning. In trading, I believe that you always learn, there is no other way Trading learning groups are good even when they are free and that is considered a way to do things right following the opinions of others. It is not bad, but first of all, our basic analysis is the one we should stick to the most , When I do it and finish, after I have my trading decision, I look at the news and everything that has to do with market things , because the news usually Diverts my way of doing the Analysis.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Though it's had to determine when a trend is going to start or end however a good trader would always aim to catch or enter the trade when trending and this is best way to earn reasonable profit with a small risk and that is my aim whenever I want to place a trade after some analysis, however I never like to go against the trend (coungeter trading) having know the implications it's just like trading against a waterfall the end result is losses even as a scalper it's very dangerous to trade against the trend in
-
We should always concentrate on the main thing, which is learning. In trading, I believe that you always learn, there is no other way Trading learning groups are good even when they are free and that is considered a way to do things right following the opinions of others. It is not bad, but first of all, our basic analysis is the one we should stick to the most , When I do it and finish, after I have my trading decision, I look at the news and everything that has to do with market things , because the news usually Diverts my way of doing the Analysis.
In any trading activity, it is always commendable to hold a balance of our self-assessment with outside help. He based on our prior, we develop our confidence before considering other factors like news or other opinions. However, it does make sense to keep our mind open so that we can get different angles that may be helpful to our decision. If we decide that outside information interferes with our attention, it is advisable to analyse it after all the internal stages. Thus, we stay in control of the strategy, which is being implemented, and can gain further insights by constantly consolidating the growing experience.
-
In trading I also do not believe in bots because I think we should do our own analysis, strategize and have a plan and all done manually not using bots. but if we feel comfortable with bots just do it because the risk is borne by each.
I have been doing manual trading for more than 7 years and I enjoy it.
It is the best thing that can be done, always manual is what is advised and it turns out to be very good because that is how one develops as a trader and apart from that the mind remains very active and this is an advantage since things when it comes to seeing in the best way is what is advised, and the ots for me are nothing more than simple algorithms that can at any moment make us lose all our money, I do not trust them for that reason, in addition it would take away a lot of my capacity to analyze the market and I would make moves that I do not know why I would do it.
-
In any trading activity, it is always commendable to hold a balance of our self-assessment with outside help. He based on our prior, we develop our confidence before considering other factors like news or other opinions. However, it does make sense to keep our mind open so that we can get different angles that may be helpful to our decision. If we decide that outside information interferes with our attention, it is advisable to analyse it after all the internal stages. Thus, we stay in control of the strategy, which is being implemented, and can gain further insights by constantly consolidating the growing experience.
In order to build strength into decisions there has to be orchestration between endogenous self-confidence and exogenous data. Still, being able to have your own strategy that you’ve analysed will most often feel like you are in charge of something during a changing situation, and secondly, new insights might always help to develop a better understanding. If we allow any further information to flow in with some caution then it augments the foundations of our decisions without overemphasising on the objective we are seeking to accomplish.
It is the best thing that can be done, always manual is what is advised and it turns out to be very good because that is how one develops as a trader and apart from that the mind remains very active and this is an advantage since things when it comes to seeing in the best way is what is advised, and the ots for me are nothing more than simple algorithms that can at any moment make us lose all our money, I do not trust them for that reason, in addition it would take away a lot of my capacity to analyze the market and I would make moves that I do not know why I would do it.
Relying on manual analysis does give us the opportunity to continue honing our skills and understand the market directly. By staying active in observing patterns and trends, we have full control over the decisions taken. Although algorithms seem interesting, understanding the reasons behind each step is much more valuable for building confidence and experience in the long run.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Though it's had to determine when a trend is going to start or end however a good trader would always aim to catch or enter the trade when trending and this is best way to earn reasonable profit with a small risk and that is my aim whenever I want to place a trade after some analysis, however I never like to go against the trend (coungeter trading) having know the implications it's just like trading against a waterfall the end result is losses even as a scalper it's very dangerous to trade against the trend in
I also trade by following the trend and never tried to trade against the trend to be honest I have no experience in trading against the trend.
Maybe many friends try to trade against the trend and get profit from it, unfortunately until now I am not interested.
-
And that is also happening right now because of starting bull run there is already increasing the buy pressure on the market and gradually it is increasing and that's why if you see that the market cap most of all the cryptocurrency is increasing and as well their prices also and the more interesting thing is this is also attracting the newbies in the investment and here they invested and having struggling.
For now I think things are still very healthy to bet long on any crypto, right? Because it is expected that by January it can continue to rise in price, of course the 4 years where the price rises in btc are completed and this brings good news for the alts, although I am not one to buy alts because I have had bad experiences with that, because those who do have the expertise to see the good advances become a great opportunity, for that reason I have always said something , we as traders should look closely at the volume, to see if it is convenient to buy, if it is convenient to sell , the idea is to take advantage of the moment.
-
I also study trading view. In trading we have to take many references to be able to have the right strategy. because trading is not as easy as people imagine, I often experience losses because of wrong strategy formulation.
Trading following the trend can be done by observing and following several trading groups to learn which direction the market will move.
Even though we are not always right and sometimes experience defeat, at least the profit we get is greater than the loss. I am grateful for my trading skills.
We should always concentrate on the main thing, which is learning. In trading, I believe that you always learn, there is no other way Trading learning groups are good even when they are free and that is considered a way to do things right following the opinions of others. It is not bad, but first of all, our basic analysis is the one we should stick to the most , When I do it and finish, after I have my trading decision, I look at the news and everything that has to do with market things , because the news usually Diverts my way of doing the Analysis.
Learning is that a never ending thing on which even if it comes that you are already that professional but still there are things on which you would really be needing up to learn and this is something inevitable. Bad habits are common since we cant really be that perfect when it comes into this manner on which at the time or moment that you do learn up things accordingly then you will be able to make out some adjustments on which basing up on what you had experienced or have been able to learn up along the way. You are the ones who will be making out such adjustment at the time or moment that you do make out such passing by with these situations.
-
In any trading activity, it is always commendable to hold a balance of our self-assessment with outside help. He based on our prior, we develop our confidence before considering other factors like news or other opinions. However, it does make sense to keep our mind open so that we can get different angles that may be helpful to our decision. If we decide that outside information interferes with our attention, it is advisable to analyse it after all the internal stages. Thus, we stay in control of the strategy, which is being implemented, and can gain further insights by constantly consolidating the growing experience.
Well, to protect my trades, I only make 3, and if I don't win the first one, I try the second one to recover and come out in the positive. Now, if I don't win it, I try the third one and I don't win. That means that I'm not seeing the trade the right way. What I should do is rest and Analyze in a different way, because if I keep insisting, I won't do anything. It's always good to do things that way so that you don't spend a lot of money and lose money. The idea is to win and not lose, or at least always come out with a positive balance.
-
In any trading activity, it is always commendable to hold a balance of our self-assessment with outside help. He based on our prior, we develop our confidence before considering other factors like news or other opinions. However, it does make sense to keep our mind open so that we can get different angles that may be helpful to our decision. If we decide that outside information interferes with our attention, it is advisable to analyse it after all the internal stages. Thus, we stay in control of the strategy, which is being implemented, and can gain further insights by constantly consolidating the growing experience.
Well, to protect my trades, I only make 3, and if I don't win the first one, I try the second one to recover and come out in the positive. Now, if I don't win it, I try the third one and I don't win. That means that I'm not seeing the trade the right way. What I should do is rest and Analyze in a different way, because if I keep insisting, I won't do anything. It's always good to do things that way so that you don't spend a lot of money and lose money. The idea is to win and not lose, or at least always come out with a positive balance.
In trading, we must practice trying strategies until we get the right formula and analysis, but don't keep trying over and over again if the strategy and analysis are not right because we will lose. It's better if you have experienced defeat twice, stop and start improving your analysis and strategy.
-
When we are into trades, we are not going to let in some of our personal habits or character get into us on our trade, we must be able to have the right approach to how we can trade and be a successful one, trading is not by mouth, we have to act it by our skills, some have already traded and see it as what they cant cope with because they don't have a risk management practice and cant afford having a continues losses.
-
Well, to protect my trades, I only make 3, and if I don't win the first one, I try the second one to recover and come out in the positive. Now, if I don't win it, I try the third one and I don't win. That means that I'm not seeing the trade the right way. What I should do is rest and Analyze in a different way, because if I keep insisting, I won't do anything. It's always good to do things that way so that you don't spend a lot of money and lose money. The idea is to win and not lose, or at least always come out with a positive balance.
what is more important than that is the formula... when we can find out the formula to survive, it is something more expensive... acting only according to luck without knowing the formula, it is like surviving in uncertainty.. even though the formula is difficult to obtain, but at least by knowing the pattern and behavior in trading or investing, it certainly makes it easier for us to generate profit...
it is also influenced by our discipline in avoiding bad habits that can make us lose our assets...
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Though it's had to determine when a trend is going to start or end however a good trader would always aim to catch or enter the trade when trending and this is best way to earn reasonable profit with a small risk and that is my aim whenever I want to place a trade after some analysis, however I never like to go against the trend (coungeter trading) having know the implications it's just like trading against a waterfall the end result is losses even as a scalper it's very dangerous to trade against the trend in
I also trade by following the trend and never tried to trade against the trend to be honest I have no experience in trading against the trend.
Maybe many friends try to trade against the trend and get profit from it, unfortunately until now I am not interested.
Not everyone can trade against the trend, it takes special skills in my opinion, it is better to trade following the current and trend rather than going against the current, we don't know where we will start trading if we go against the current
-
When we are into trades, we are not going to let in some of our personal habits or character get into us on our trade, we must be able to have the right approach to how we can trade and be a successful one, trading is not by mouth, we have to act it by our skills, some have already traded and see it as what they cant cope with because they don't have a risk management practice and cant afford having a continues losses.
In trading we must be professional and not use a personal approach but must analyze and have the right strategy. because trading is a business how to manage my crypto assets with proper risk management and how to have a good one in order to maximize the profit we will get.
-
When we are into trades, we are not going to let in some of our personal habits or character get into us on our trade, we must be able to have the right approach to how we can trade and be a successful one, trading is not by mouth, we have to act it by our skills, some have already traded and see it as what they cant cope with because they don't have a risk management practice and cant afford having a continues losses.
In trading we must be professional and not use a personal approach but must analyze and have the right strategy. because trading is a business how to manage my crypto assets with proper risk management and how to have a good one in order to maximize the profit we will get.
Yes, you could explain a best opinion in your comment. So I am also agree with your prefer comment. We also know that trading is one of the best profitable source in crypto currency market. We can earn best profit from cryptocurrency market. But we must should know about correct trading system in crypto currency market. Because without knowledge in crypto currency market, we can not get best profit from cryptocurrency market. Because we know that cryptocurrency market is always depending on risk. So I believe that if we could understand in cryptocurrency market and be conscious, then we will be successful from trading system.
-
For now I think things are still very healthy to bet long on any crypto, right? Because it is expected that by January it can continue to rise in price, of course the 4 years where the price rises in btc are completed and this brings good news for the alts, although I am not one to buy alts because I have had bad experiences with that, because those who do have the expertise to see the good advances become a great opportunity, for that reason I have always said something , we as traders should look closely at the volume, to see if it is convenient to buy, if it is convenient to sell , the idea is to take advantage of the moment.
I think most of the people who are experiencing the bad condition those all of the investment must be on all altcoin I can definitely say that most of the people who were invested on Bitcoin those experience were far better from the altcoin investment even there is some exceptional event.
And regarding the investment on right now I am currently avoiding all kind of investment on crypto currency in the recent dump if market make more little dip I have a plan for the investment on Dogecoin.
-
For now I think things are still very healthy to bet long on any crypto, right? Because it is expected that by January it can continue to rise in price, of course the 4 years where the price rises in btc are completed and this brings good news for the alts, although I am not one to buy alts because I have had bad experiences with that, because those who do have the expertise to see the good advances become a great opportunity, for that reason I have always said something , we as traders should look closely at the volume, to see if it is convenient to buy, if it is convenient to sell , the idea is to take advantage of the moment.
I think most of the people who are experiencing the bad condition those all of the investment must be on all altcoin I can definitely say that most of the people who were invested on Bitcoin those experience were far better from the altcoin investment even there is some exceptional event.
And regarding the investment on right now I am currently avoiding all kind of investment on crypto currency in the recent dump if market make more little d
ip I have a plan for the investment on Dogecoin.
Your opinion is right, people who invest in altcoins have more bad experiences because the risk of investing in altcoins is greater than bitcoin. because bitcoin is a safe coin and will always rise during the bullish season.
However, the opportunity to get bigger profits is to invest in altcoins, this greater risk is what investors choose
-
I still choose bitcoin as my main coin choice in investing, because I don't really like meme coins, so I only have a few meme coins in my wallet. DOGE is the most popular meme coin, this can also be a consideration / And we can also buy PEPE, this coin is also good enough to hold until next year.
Well, it's not for nothing, but I've felt like buying some Doge, with all this BTC going up, it wouldn't be bad to buy since Elon Musk when Trump takes power he can boost DOGE, But of course it's just a guess, the further Elon goes, the further Doge goes, in this case the bears can be very different, I still trust that it's better to keep buying btc because for me btc is the best currency that exists, and it is the only one that has survival and a life of its own, the coins will make me money, but you have to be right when you should buy to win.
-
Your opinion is right, people who invest in altcoins have more bad experiences because the risk of investing in altcoins is greater than bitcoin. because bitcoin is a safe coin and will always rise during the bullish season.
However, the opportunity to get bigger profits is to invest in altcoins, this greater risk is what investors choose
Anything that has a good return will be equal to the risk that we have to bear, that is something we have to understand from the start.
For example, in trading, of course we can get profit very quickly, but the risk is that we can also lose money in a very short time. That is a comparison that is equivalent to what we can get. So it all depends on our decision which risk we will take.
-
Your opinion is right, people who invest in altcoins have more bad experiences because the risk of investing in altcoins is greater than bitcoin. because bitcoin is a safe coin and will always rise during the bullish season.
However, the opportunity to get bigger profits is to invest in altcoins, this greater risk is what investors choose
Anything that has a good return will be equal to the risk that we have to bear, that is something we have to understand from the start.
For example, in trading, of course we can get profit very quickly, but the risk is that we can also lose money in a very short time. That is a comparison that is equivalent to what we can get. So it all depends on our decision which risk we will take.
if I choose to take a safe investment, become a long-term holder and do spot trading to fill my free time.
because taking high risks to get big results has been tried several times in the past, and I failed.
that's why I choose a safe way to get profit.
-
I still choose bitcoin as my main coin choice in investing, because I don't really like meme coins, so I only have a few meme coins in my wallet. DOGE is the most popular meme coin, this can also be a consideration / And we can also buy PEPE, this coin is also good enough to hold until next year.
Well, it's not for nothing, but I've felt like buying some Doge, with all this BTC going up, it wouldn't be bad to buy since Elon Musk when Trump takes power he can boost DOGE, But of course it's just a guess, the further Elon goes, the further Doge goes, in this case the bears can be very different, I still trust that it's better to keep buying btc because for me btc is the best currency that exists, and it is the only one that has survival and a life of its own, the coins will make me money, but you have to be right when you should buy to win.
At this time if I have to choose Bitcoin or Doge, I will choose to buy Bitcoin because after all the price is high and buy a big kind doge because there is no clarity Elon Musk will use Doge for X.
But if there is a deeper correction I will also buy Doge to add a doge collection in my wallet.
-
Your opinion is right, people who invest in altcoins have more bad experiences because the risk of investing in altcoins is greater than bitcoin. because bitcoin is a safe coin and will always rise during the bullish season.
However, the opportunity to get bigger profits is to invest in altcoins, this greater risk is what investors choose
In my point of view if I say that most of the people who are the new in this Crypto space those peoples made these kinds of mistakes like day only see the how much they can earn from that altcoin like in this case most of the people choose the hype coin i.e the memecoin but they don't think about the negative side like they can also lose find here. And that's why they faced the big losses in the altcoin.
On the other friend I will not say that Bitcoin investment don't have any risk but list if you do investment here for the long term with the fund what you can afford to lose, 90% chance here you won't face loss.
-
Anything that has a good return will be equal to the risk that we have to bear, that is something we have to understand from the start.
For example, in trading, of course we can get profit very quickly, but the risk is that we can also lose money in a very short time. That is a comparison that is equivalent to what we can get. So it all depends on our decision which risk we will take.
if I choose to take a safe investment, become a long-term holder and do spot trading to fill my free time.
because taking high risks to get big results has been tried several times in the past, and I failed.
that's why I choose a safe way to get profit.
We also have to be able to measure our abilities, how far our knowledge and skills are and of course how strong our mentality is. If our mentality is weak, then look for the safest and in this crypto space holding has a lower risk so this is recommended.
Most people don't know themselves well, that's really the problem. Because how can we do something successfully, while we don't know the extent of our abilities.
-
Anything that has a good return will be equal to the risk that we have to bear, that is something we have to understand from the start.
For example, in trading, of course we can get profit very quickly, but the risk is that we can also lose money in a very short time. That is a comparison that is equivalent to what we can get. So it all depends on our decision which risk we will take.
if I choose to take a safe investment, become a long-term holder and do spot trading to fill my free time.
because taking high risks to get big results has been tried several times in the past, and I failed.
that's why I choose a safe way to get profit.
We also have to be able to measure our abilities, how far our knowledge and skills are and of course how strong our mentality is. If our mentality is weak, then look for the safest and in this crypto space holding has a lower risk so this is recommended.
Most people don't know themselves well, that's really the problem. Because how can we do something successfully, while we don't know the extent of our abilities.
We must know our abilities in every action, especially something that contains risk. because by measuring our abilities and skills we can minimize the risks that we will receive, especially in trading and investment because this is very risky.
Maybe as a holder we only need to know the cycle of crypto, buy when bearish and sell when bullish. However, in trading we must have the skills to manage the risks that we will receive, this must be adjusted to our knowledge and abilities.
-
We also have to be able to measure our abilities, how far our knowledge and skills are and of course how strong our mentality is. If our mentality is weak, then look for the safest and in this crypto space holding has a lower risk so this is recommended.
Most people don't know themselves well, that's really the problem. Because how can we do something successfully, while we don't know the extent of our abilities.
We must know our abilities in every action, especially something that contains risk. because by measuring our abilities and skills we can minimize the risks that we will receive, especially in trading and investment because this is very risky.
Maybe as a holder we only need to know the cycle of crypto, buy when bearish and sell when bullish. However, in trading we must have the skills to manage the risks that we will receive, this must be adjusted to our knowledge and abilities.
Yes, the term is self-awareness, being aware of our abilities in terms of capital, mentality, and knowledge. This way we will know where our limits are and what we should and should not do. And when we understand our own abilities, we can be enthusiastic to upgrade our abilities, for a higher target, No pain, No gain. In this way, we will know our limits in taking risks, not be greedy, and be more controlled in various decisions, especially related to crypto currency trading which is very high risk. This means that it requires mature preparation from all aspects.
-
And regarding the investment on right now I am currently avoiding all kind of investment on crypto currency in the recent dump if market make more little dip I have a plan for the investment on Dogecoin.
The truth is that what you say seems very good to me, but your plan to invest in Doge is more interesting, and at the same time I think about it and it is very good ñ because obviously when Trump comes to power, Elon Musk will have a lot of power, and if this happens, a simple movement or what he says about Doge can make it boost, so it seems to me that your intuition regarding Doge seems correct to me, although I have many friends who do not like altcoins, there are opportunities that can be taken advantage of and it seems to me that you are doing it well.
-
And regarding the investment on right now I am currently avoiding all kind of investment on crypto currency in the recent dump if market make more little dip I have a plan for the investment on Dogecoin.
The truth is that what you say seems very good to me, but your plan to invest in Doge is more interesting, and at the same time I think about it and it is very good ñ because obviously when Trump comes to power, Elon Musk will have a lot of power, and if this happens, a simple movement or what he says about Doge can make it boost, so it seems to me that your intuition regarding Doge seems correct to me, although I have many friends who do not like altcoins, there are opportunities that can be taken advantage of and it seems to me that you are doing it well.
many people have opinions like and they have confidence that the price of doge will increase after trump is inaugurated as president of the US and Elon musk is likely to use DOGE for X payment. but all are just predictions we don't know the truth because until today I have not read any leaked news about the coin that Elon Musk will use to integrate with X.
-
Yes, the term is self-awareness, being aware of our abilities in terms of capital, mentality, and knowledge. This way we will know where our limits are and what we should and should not do. And when we understand our own abilities, we can be enthusiastic to upgrade our abilities, for a higher target, No pain, No gain. In this way, we will know our limits in taking risks, not be greedy, and be more controlled in various decisions, especially related to crypto currency trading which is very high risk. This means that it requires mature preparation from all aspects.
Good advice and I agree with your opinion, we must know the limits of our abilities so that in investing we can maximize profits. How much capital do we have, what skills do we have so that we can adjust what method suits us in investing. If we have trading skills, we can choose it. but if we do not have the ability to trade we can become a holder.
-
At this time if I have to choose Bitcoin or Doge, I will choose to buy Bitcoin because after all the price is high and buy a big kind doge because there is no clarity Elon Musk will use Doge for X.
But if there is a deeper correction I will also buy Doge to add a doge collection in my wallet.
It's interesting your point of view, because I have done similar things in terms of investing in cryptocurrencies, but I have had bad luck because the time I diversified the market came against me, specifically I believed that the opposite was going to happen, it was in the NFT era where almost everyone won, so I believed that at that moment the btc was going to go up more, but it was when it started to drop in price and the alts investment fell sharply, I was presented with an opportunity to sell not so badly and I did it, even so I had some losses, that's why I learned that until I have a good amount of btc I would not try to diversify so quickly.
-
The truth is that what you say seems very good to me, but your plan to invest in Doge is more interesting, and at the same time I think about it and it is very good ñ because obviously when Trump comes to power, Elon Musk will have a lot of power, and if this happens, a simple movement or what he says about Doge can make it boost, so it seems to me that your intuition regarding Doge seems correct to me, although I have many friends who do not like altcoins, there are opportunities that can be taken advantage of and it seems to me that you are doing it well.
Actually, almost everyone had the opportunity to make a good profit from dogecoin this time because most people had almost pre-predicted that Donald Trump would win the United States of America election and later be elected president. And Elon Musk helped a lot in his election campaign, be it financially or with other social support and that is why after the election, people automatically understood that Elon Musk will definitely be a close person to Donald Trump in the next times. And that is why Dogecoin pumped so much now, although it is currently in correction, there is still a chance to pump a lot more in the future, so I have kept it as my target.
-
I do not counter trade. It is making me lose more money for sure and if ever I go along with the market trends whenever I think it is too late, I wont be jumping on the bandwagon anymore because it might lose me more money. Those that keeps on chasing the trend are also likely to lose, so do not be that guy because it might lose you a fortune.
-
We also have to be able to measure our abilities, how far our knowledge and skills are and of course how strong our mentality is. If our mentality is weak, then look for the safest and in this crypto space holding has a lower risk so this is recommended.
Most people don't know themselves well, that's really the problem. Because how can we do something successfully, while we don't know the extent of our abilities.
We must know our abilities in every action, especially something that contains risk. because by measuring our abilities and skills we can minimize the risks that we will receive, especially in trading and investment because this is very risky.
Maybe as a holder we only need to know the cycle of crypto, buy when bearish and sell when bullish. However, in trading we must have the skills to manage the risks that we will receive, this must be adjusted to our knowledge and abilities.
At first we may not know what our abilities are like, but I still think that is normal because it is just the first step when we enter this world. With the experience we gain, we will slowly understand ourselves.
For example, in terms of mentality, everyone has a different mentality, and we must realize it ourselves. There are people who may be good in mentality when trading and some are not so good so that it causes losses in their trading.
-
You know op, if there are any traders who are conducting their trading activities on any exchanges, I am pretty sure that only newbies do it most of the time.
Of course if you have any knowledge and idea about trading, you will not do that.
It's just like this, you have seen people going up the mountain because there is a big tsunami coming and then you come down the mountain, what will happen?
Will you be ruined or not? same goes with trading against the trend.
-
You know op, if there are any traders who are conducting their trading activities on any exchanges, I am pretty sure that only newbies do it most of the time.
Of course if you have any knowledge and idea about trading, you will not do that.
It's just like this, you have seen people going up the mountain because there is a big tsunami coming and then you come down the mountain, what will happen?
Will you be ruined or not? same goes with trading against the trend.
Knowledge and experience are always needed in investment and trading, this is the main capital for an investor. We must follow the market trend, as you said people climb mountains to avoid tsunamis, while some go down the mountain, it's the same as going against the trend. but if they have experience and expertise, they might be able to survive if they have good preparation, but the risk is very high.
-
many people have opinions like and they have confidence that the price of doge will increase after trump is inaugurated as president of the US and Elon musk is likely to use DOGE for X payment. but all are just predictions we don't know the truth because until today I have not read any leaked news about the coin that Elon Musk will use to integrate with X.
Yes, and it may be that he does not prove it because when he made the previous pumps to doge, he never said it before, but rather he spoke and suddenly the currency rose like foam, so in View of this it is very feasible to think that he is a very good friend of Trump and therefore they will have much more closeness and if Trump wants him in his cabinet then obviously he will have more Power than before, he will have a lot of money, more power, a single word or thing he does in favor of Doge and the PUMP will be impressive, that is why many think so, some say it and others affirm it , Although of course you have to remain cautious, it is only better.
-
many people have opinions like and they have confidence that the price of doge will increase after trump is inaugurated as president of the US and Elon musk is likely to use DOGE for X payment. but all are just predictions we don't know the truth because until today I have not read any leaked news about the coin that Elon Musk will use to integrate with X.
Yes, and it may be that he does not prove it because when he made the previous pumps to doge, he never said it before, but rather he spoke and suddenly the currency rose like foam, so in View of this it is very feasible to think that he is a very good friend of Trump and therefore they will have much more closeness and if Trump wants him in his cabinet then obviously he will have more Power than before, he will have a lot of money, more power, a single word or thing he does in favor of Doge and the PUMP will be impressive, that is why many think so, some say it and others affirm it , Although of course you have to remain cautious, it is only better.
I also predict DOGE will skyrocket next year, Elon Musk is a good friend of Trump and there will likely be good policies from Trump for crypto.
and we know Elon supported DOGE in the past, it is likely that next year this will happen again so you should hold your DOGE and wait until next year.
-
Actually, almost everyone had the opportunity to make a good profit from dogecoin this time because most people had almost pre-predicted that Donald Trump would win the United States of America election and later be elected president. And Elon Musk helped a lot in his election campaign, be it financially or with other social support and that is why after the election, people automatically understood that Elon Musk will definitely be a close person to Donald Trump in the next times. And that is why Dogecoin pumped so much now, although it is currently in correction, there is still a chance to pump a lot more in the future, so I have kept it as my target.
Not bad because you have very good arguments to support your decision and the truth is that you think very intelligently, I think the secret of all this is that Trump will give power to Elon Musk in his government, and this will additionally bring more benefits to Doge holders, and I like that, I think without going too far the best alt that can be bought right now is DOGE, because based on that same logic that you say which I share, we are close to seeing another new good Pump for this currency, when it happens we will see many people saying in the forum that they did enter and buy, not bad.
-
Actually, almost everyone had the opportunity to make a good profit from dogecoin this time because most people had almost pre-predicted that Donald Trump would win the United States of America election and later be elected president. And Elon Musk helped a lot in his election campaign, be it financially or with other social support and that is why after the election, people automatically understood that Elon Musk will definitely be a close person to Donald Trump in the next times. And that is why Dogecoin pumped so much now, although it is currently in correction, there is still a chance to pump a lot more in the future, so I have kept it as my target.
Not bad because you have very good arguments to support your decision and the truth is that you think very intelligently, I think the secret of all this is that Trump will give power to Elon Musk in his government, and this will additionally bring more benefits to Doge holders, and I like that, I think without going too far the best alt that can be bought right now is DOGE, because based on that same logic that you say which I share, we are close to seeing another new good Pump for this currency, when it happens we will see many people saying in the forum that they did enter and buy, not bad.
Well no doubt that doge is one of the potential alts that can really give us profit, in fact, there are many more altcoins that can really give us profit.
Just be careful about the crypto assets we buy so that our capital is not wasted.
As long as anyone has an idea for conducting trading activities, this is also for us in the future, and remain vigilant at all costs.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
I had always traded following the market trends. Because it gives a clear direction on how the market moves. Trading against the directions will result to losses. Because the market trend is the guide that helps a trader to be on the right part to success.
-
Not bad because you have very good arguments to support your decision and the truth is that you think very intelligently, I think the secret of all this is that Trump will give power to Elon Musk in his government, and this will additionally bring more benefits to Doge holders, and I like that, I think without going too far the best alt that can be bought right now is DOGE, because based on that same logic that you say which I share, we are close to seeing another new good Pump for this currency, when it happens we will see many people saying in the forum that they did enter and buy, not bad.
And yeap that's makes hype on the market and peoples did also invested on the doge coin after the election of the United States of America. And when the Donald trump won the election we also see that how did the doge coin. I am also hoping that many people will also will be more attract on DOge coin after having seat the trump on the white house.
And I also think that may be again there will be another big hype on the market psychology and then we will see another big pump on dogecoin, I am also now confuse should I invest on the dogecoin right now, Becuase it is already in good dip from past days.
-
Not bad because you have very good arguments to support your decision and the truth is that you think very intelligently, I think the secret of all this is that Trump will give power to Elon Musk in his government, and this will additionally bring more benefits to Doge holders, and I like that, I think without going too far the best alt that can be bought right now is DOGE, because based on that same logic that you say which I share, we are close to seeing another new good Pump for this currency, when it happens we will see many people saying in the forum that they did enter and buy, not bad.
And yeap that's makes hype on the market and peoples did also invested on the doge coin after the election of the United States of America. And when the Donald trump won the election we also see that how did the doge coin. I am also hoping that many people will also will be more attract on DOge coin after having seat the trump on the white house.
And I also think that may be again there will be another big hype on the market psychology and then we will see another big pump on dogecoin, I am also now confuse should I invest on the dogecoin right now, Becuase it is already in good dip from past days.
it is possible that after trump was inaugurated as US president, DOGE coin will experience this increase that many people predicted.
but the price of DOGE is already high now, I only buy a little DOGE and store it in my wallet.
Because considering that if the prediction is wrong, I don't experience much loss.
-
it is possible that after trump was inaugurated as US president, DOGE coin will experience this increase that many people predicted.
but the price of DOGE is already high now, I only buy a little DOGE and store it in my wallet.
Because considering that if the prediction is wrong, I don't experience much loss.
I was also thinking about something like a small investment on it right now actually I missed the pick dip what happened before few days.
Because it was down to 0.26 cent Which was really a good dip for the investment I missed that now I am thinking about if dogecoin dip below the 0.30 cents I may could invest 100$ dollar here for targeting the altcoin. I could expect least 3x if I could make investment on the 0.26cents.
-
Actually, almost everyone had the opportunity to make a good profit from dogecoin this time because most people had almost pre-predicted that Donald Trump would win the United States of America election and later be elected president. And Elon Musk helped a lot in his election campaign, be it financially or with other social support and that is why after the election, people automatically understood that Elon Musk will definitely be a close person to Donald Trump in the next times. And that is why Dogecoin pumped so much now, although it is currently in correction, there is still a chance to pump a lot more in the future, so I have kept it as my target.
Not bad because you have very good arguments to support your decision and the truth is that you think very intelligently, I think the secret of all this is that Trump will give power to Elon Musk in his government, and this will additionally bring more benefits to Doge holders, and I like that, I think without going too far the best alt that can be bought right now is DOGE, because based on that same logic that you say which I share, we are close to seeing another new good Pump for this currency, when it happens we will see many people saying in the forum that they did enter and buy, not bad.
Well no doubt that doge is one of the potential alts that can really give us profit, in fact, there are many more altcoins that can really give us profit.
Just be careful about the crypto assets we buy so that our capital is not wasted.
As long as anyone has an idea for conducting trading activities, this is also for us in the future, and remain vigilant at all costs.
DOGE is indeed the most popular and potential meme coin, currently the price of DOGE is high so I don't buy it. I prefer solana and TON, because these coins have the use as a network and do not rely on popularity and hype like DOGE.
although I have DOGE in my wallet but DOGE is not my favorite coin
-
DOGE is indeed the most popular and potential meme coin, currently the price of DOGE is high so I don't buy it. I prefer solana and TON, because these coins have the use as a network and do not rely on popularity and hype like DOGE.
although I have DOGE in my wallet but DOGE is not my favorite coin
As far as we know that most of the people in crypto always have the negative views on the memecoins because of only they were based on hype and most of them couldn't sustained for long time. But we are seeing some differences in case of Dogecoin this memecoin is sustaining themselves for long run and I think as their plan they will have more long run in the future. And I believe that because of this Dogecoin and some few others top memecoin people's were still investing on memecoin and hoping for good .
-
I also predict DOGE will skyrocket next year, Elon Musk is a good friend of Trump and there will likely be good policies from Trump for crypto.
and we know Elon supported DOGE in the past, it is likely that next year this will happen again so you should hold your DOGE and wait until next year.
It is very true, things with Doge can explode next year, as long as it has been waited so long, it does not cost much to wait for next year which is only a few days away and wait for Trump to get on board and that's it, then it is a matter of Elon Musk remembering the currency and saying something positive and we see it rise like foam, that will happen, so in view of this we must be patient, and what we have to do is nothing, so in view of these things we have to adapt to what we always do, which is to be patient and hold on to this currency.
There are many who have faith in memecoins, for me Doge is the mother of all memecoins.
-
I also predict DOGE will skyrocket next year, Elon Musk is a good friend of Trump and there will likely be good policies from Trump for crypto.
and we know Elon supported DOGE in the past, it is likely that next year this will happen again so you should hold your DOGE and wait until next year.
It is very true, things with Doge can explode next year, as long as it has been waited so long, it does not cost much to wait for next year which is only a few days away and wait for Trump to get on board and that's it, then it is a matter of Elon Musk remembering the currency and saying something positive and we see it rise like foam, that will happen, so in view of this we must be patient, and what we have to do is nothing, so in view of these things we have to adapt to what we always do, which is to be patient and hold on to this currency.
There are many who have faith in memecoins, for me Doge is the mother of all memecoins.
I also think so, the price of DOGE will soar next year after Trump is inaugurated as US president because we know Elon Musk is very close to Trump and supports DOGE, the price of DOGE will likely increase. DOGE as a meme coin that has high popularity will follow the increase in the price of bitcoin next year and that is no doubt as long as there is no negative news attacking crypto next year, the prediction that the price of bitcoin will soar is likely to happen.
-
As long as anyone has an idea for conducting trading activities, this is also for us in the future, and remain vigilant at all costs.
This is very true and when we focus on when it can be, it is very difficult to predict, really all Doge pumps are unexpected, it is always like that, so in view of this observation, we will be following all our investments is something we should do.
Now with all this that is very recent, the Trump thing, his great friendship with Elon Musk, all this will bring good news for them, then Elon Musk will have more power, because he has had monetary money , now he will have another type of power that goes much further and that is something that will be very useful to Doge investors.
-
As long as anyone has an idea for conducting trading activities, this is also for us in the future, and remain vigilant at all costs.
This is very true and when we focus on when it can be, it is very difficult to predict, really all Doge pumps are unexpected, it is always like that, so in view of this observation, we will be following all our investments is something we should do.
Now with all this that is very recent, the Trump thing, his great friendship with Elon Musk, all this will bring good news for them, then Elon Musk will have more power, because he has had monetary money , now he will have another type of power that goes much further and that is something that will be very useful to Doge investors.
Don't you think Elon would be target to launch another project by now? Who knows if he would reveal it by the he would resume office, of course Elon musk is so unpredictable in way that you would never know his plans towards any projects or about to launch coin especially now that he D.O.G.E. what do you think of him because I know lots of things are cooking underway.
-
When we are into trading and begin to see the manifest of some of these actions we are taking, then no one will tell us to take a review on them and check whether they are still worth it or not, because gambling is not what we can be doing when we are expected to be on real time trade, except we place no value on our money we are using for that particular trade, we should be improving on every sides each time we are trading and not getting worse on it.
-
I also predict DOGE will skyrocket next year, Elon Musk is a good friend of Trump and there will likely be good policies from Trump for crypto.
and we know Elon supported DOGE in the past, it is likely that next year this will happen again so you should hold your DOGE and wait until next year.
It is very true, things with Doge can explode next year, as long as it has been waited so long, it does not cost much to wait for next year which is only a few days away and wait for Trump to get on board and that's it, then it is a matter of Elon Musk remembering the currency and saying something positive and we see it rise like foam, that will happen, so in view of this we must be patient, and what we have to do is nothing, so in view of these things we have to adapt to what we always do, which is to be patient and hold on to this currency.
There are many who have faith in memecoins, for me Doge is the mother of all memecoins.
I also think so, the price of DOGE will soar next year after Trump is inaugurated as US president because we know Elon Musk is very close to Trump and supports DOGE, the price of DOGE will likely increase. DOGE as a meme coin that has high popularity will follow the increase in the price of bitcoin next year and that is no doubt as long as there is no negative news attacking crypto next year, the prediction that the price of bitcoin will soar is likely to happen.
I strongly believe that the next 4 years of Trump's leadership will bring the good atmosphere of cryptocurrency space and the steps he will take during this period will create a reliable position for crypto. If the plan to make Bitcoin a strategic reserve is implemented soon, we may get some better new plans from them in the future. During Trump's time, Elon Musk will definitely be able to make a good plan for his Doge by keeping a good relationship with the government and if something like that happens, then this year we will be able to see a big rising movement for Doge.
-
When we are into trading and begin to see the manifest of some of these actions we are taking, then no one will tell us to take a review on them and check whether they are still worth it or not, because gambling is not what we can be doing when we are expected to be on real time trade, except we place no value on our money we are using for that particular trade, we should be improving on every sides each time we are trading and not getting worse on it.
The discipline in the sessions is our thing to master. Responsibility doesn't come cheap - it thrives in environments that are high of risk, like trading that we discuss. And when we are experienced, we understand well what can happen there.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Though some advanced traders trades against the trend, it's still not advicible. Trading against the trend will put you into more risk than trading will expose you to. The best practice as a trader is to trade along side a current trend. Also you should make sure to look at the market from a bigger perspective view. Most time the trends in the htf might signify buy or sell but then the lower time frame significantly shows something else which will put you at risk of losing a well planned trade. Trading with all time frame in same trend will likely increase your win ratio more.
In my opinion, trading with lower time frame can significantly help to achieve a small profit target rates over times especially when your are a day trader or a scalper.
For example, if you're trading on a High Time Frame, it is more likely that you may be aiming at a bigger profit rates, or an indications of a bullish momentum that may continue for some time in near future.
I have not heard of 'all time frame', but I think you're referring to trading with all available market timing to maximize profits.
-
Do you only trade according to the trend or you counter-trend trade from time to time?
I often avoid following the trend as that's not my way of trading. I believe to trade against the trend and hold my positions to earn some profits overtime.
I'm not a day trader but someone who believes in holding if my profits percentages doesn't reaches and if market goes further down then I do averaging to increase my profits and decrease my losses.
That way of trading is working for me and I hope it will work for me for long term. So far I have made some good profits and I make good profits on weekly to monthly basis with my own trading strategies and plans.
Smart money does the same, basically. With the condition that they are able to break the trends sometimes - and they can't do it for many times, so they just do it so it would work out for sure.
Following your own path is always great.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
to really be in the safe side trader will not trade in opposite side of the trend,if the trend is bullish you need to go long and also have in mind to buy and in higher price.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
to really be in the safe side trader will not trade in opposite side of the trend,if the trend is bullish you need to go long and also have in mind to buy and in higher price.
Knowing the trend will really be that somewhat crucial or something which it is really that important when you do make out some trades and this should really be that a basic stuff. On the time that you will be that going against the trend then most like you will be losing up some trades or totally be that losing up your trading capital on huge % on which this isnt that recommended that you will be having this kind of approach or having this kind of action. We do know that its easy to say to go with the trend but the hardest stuff to know is on how you would really be able to know about on how the market will be doing its reversal? This would be the tough spot.
-
Of course, if you are a trader and you know yourself that you know something about trading, you will definitely not buy or sell against the trend.
And no one else will do that.
And the only ones who can do this are traders who do not yet know trading knowledge, so even if you know only the basics,
you will still not do it in the end.
-
Of course, if you are a trader and you know yourself that you know something about trading, you will definitely not buy or sell against the trend.
And no one else will do that.
And the only ones who can do this are traders who do not yet know trading knowledge, so even if you know only the basics,
you will still not do it in the end.
It's about managing risks.
You would only enter once you have metrics and facts to speak up to act accordingly.
-
Of course, if you are a trader and you know yourself that you know something about trading, you will definitely not buy or sell against the trend.
And no one else will do that.
And the only ones who can do this are traders who do not yet know trading knowledge, so even if you know only the basics,
you will still not do it in the end.
Trading being what it is, it is in the nature of a person who is already familiar with the market to follow the trend. Acting against the trend, without some specific fundamental cause, can only add more unnecessary risks to the situation as is evident from the graph bellow depicting the current price trend. As for the experienced traders, they will steer clear of the decision, which is opposite to the trend, simply because they comprehend that the chances of success in such cases are significantly lower. However, in lack of such understanding, the people employed tend to go ahead making decisions without analysing the pattern in development. Therefore, it is extremely significant to learn enough about trading to avoid getting carried away by the emotions of trading and end landing in the wrong side of the wrong trade.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
The trend movement of the market is the very best way to out profits, otherwise, the market will look like an enemy who wants to take away every capital used for trading because you came in late or too early. This could be because of market reversal, which can end up taking you out of the market, if you're not always on the market screen watching the trends.
Those who trade against trends are those who are not always seating in front of the screen, cause the trend is where the money is hiding in any form of trading.
Scalpers are traders who make use of candles mostly, and short time frame, I don't think they take notice of trends that often, cause for them, every single candle is an opportunity for them to take an action.
-
Trading being what it is, it is in the nature of a person who is already familiar with the market to follow the trend. Acting against the trend, without some specific fundamental cause, can only add more unnecessary risks to the situation as is evident from the graph bellow depicting the current price trend. As for the experienced traders, they will steer clear of the decision, which is opposite to the trend, simply because they comprehend that the chances of success in such cases are significantly lower. However, in lack of such understanding, the people employed tend to go ahead making decisions without analysing the pattern in development. Therefore, it is extremely significant to learn enough about trading to avoid getting carried away by the emotions of trading and end landing in the wrong side of the wrong trade.
Some traders lack understanding of the market trend. They find the market graph difficult to read and follow, so their trading decisions are based on their perception of the market trend rather than the actual market trend. Traders who trade based on their perceptions of market trends rather than actual market trends will struggle to profit from the market.
The first step toward becoming a successful trader is to understand the market trends. All market analysis must take into account market trends, both past and present, because this is what allows traders to predict what the future market trend will be. Thus, a trader must understand market trends.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Although I have not started trading yet, I think this advice will be very useful for me. For those who trade trending cryptocurrencies, it is not safe to trade without market analysis. Any coin can be trending at any time, but if you do not have proper knowledge about the analysis and price movement of that coin, then you will definitely face losses when trading.
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Although I have not started trading yet, I think this advice will be very useful for me. For those who trade trending cryptocurrencies, it is not safe to trade without market analysis. Any coin can be trending at any time, but if you do not have proper knowledge about the analysis and price movement of that coin, then you will definitely face losses when trading.
in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.
-
in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.
Yes, and based on experience, when we are trading, at least in the medium or long term, I like to use the Wyckoff method, it is much more precise and gives me good results. I could also say that when I use the Wyckoff method for smaller time frames it becomes more difficult , so I prefer to use some fundamentals of technical analysis that are much more appropriate, especially for scalping trading analysis. It seems to me to be more volatile but those fundamentals are met.
-
in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.
Yes, and based on experience, when we are trading, at least in the medium or long term, I like to use the Wyckoff method, it is much more precise and gives me good results. I could also say that when I use the Wyckoff method for smaller time frames it becomes more difficult , so I prefer to use some fundamentals of technical analysis that are much more appropriate, especially for scalping trading analysis. It seems to me to be more volatile but those fundamentals are met.
The method you use is indeed good and more precise, but sometimes we see the market suddenly moving not according to our analysis. That's why I also sometimes hold, if the market is not so good for trading. I am not really focused on trading, only when I see a good market trend, I will trade.
-
in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.
Yes, and based on experience, when we are trading, at least in the medium or long term, I like to use the Wyckoff method, it is much more precise and gives me good results. I could also say that when I use the Wyckoff method for smaller time frames it becomes more difficult , so I prefer to use some fundamentals of technical analysis that are much more appropriate, especially for scalping trading analysis. It seems to me to be more volatile but those fundamentals are met.
The method you use is indeed good and more precise, but sometimes we see the market suddenly moving not according to our analysis. That's why I also sometimes hold, if the market is not so good for trading. I am not really focused on trading, only when I see a good market trend, I will trade.
The strategy of waiting for better conditions in order to commence with the trading activities is a wise approach especially when the market flips unexpectedly. Fluctuations in the price do not occur as per the planned strategies, which ultimately helps in minimising risks which occur while waiting for the right time. If the conditions are not yet so good to get involved in a transaction the rationale is to simply not participate but be ready to get involved only when the trend is clearer. Every trader has his own perception of the market and it would indeed be reasonable to change the pace of operations to other conditions which are considered more suitable.
-
The method you use is indeed good and more precise, but sometimes we see the market suddenly moving not according to our analysis. That's why I also sometimes hold, if the market is not so good for trading. I am not really focused on trading, only when I see a good market trend, I will trade.
That happens to me a lot with short-term trading, whenever I do short-term trading the market goes against me and everything goes wrong, so that's where I lose, and sometimes I get angry with myself, but in the end I have to accept that I didn't do the analysis well and that's why I lost, these things happen, I think that's just a matter of habit, the bad and most erratic thing I've done is continue doing operations when I lose like that, because most likely everything will go the same from then on.
-
I have traded and followed the trend, it is not 100% accurate in line with what we expect... yes, sometimes short-term trading is quite troublesome because the guess is very difficult... or maybe I am not talented enough to be a short-term trader.. idk...
Currently I don't really care about the trend, what I care about is only buying when the bullish period has gradually finished... DCA is still the best practice for me, and it is suitable for the long term... of course it only applies to coins with good liquidity and has a strong community base.
-
I have traded and followed the trend, it is not 100% accurate in line with what we expect... yes, sometimes short-term trading is quite troublesome because the guess is very difficult... or maybe I am not talented enough to be a short-term trader.. idk...
Currently I don't really care about the trend, what I care about is only buying when the bullish period has gradually finished... DCA is still the best practice for me, and it is suitable for the long term... of course it only applies to coins with good liquidity and has a strong community base.
if I prefer to use the DCA method during the bearish season because I think it is the most appropriate for a holder.
if for traders to follow the trend by making the right analysis, it might be accurate and not fail. It all depends on each person's ability.
Becoming a trader or a holder is a choice for us and is adjusted to our abilities and the capital we have.
-
The strategy of waiting for better conditions in order to commence with the trading activities is a wise approach especially when the market flips unexpectedly. Fluctuations in the price do not occur as per the planned strategies, which ultimately helps in minimising risks which occur while waiting for the right time. If the conditions are not yet so good to get involved in a transaction the rationale is to simply not participate but be ready to get involved only when the trend is clearer. Every trader has his own perception of the market and it would indeed be reasonable to change the pace of operations to other conditions which are considered more suitable.
Strategies always have a positive effect , when things go wrong in trading and we wait for another entry, there will always be opportunities, the market is very benevolent, so if we trade and we have a good entry and we let it pass, we should not rush or regret it, there will always be others that we can enter, that is something that always happens and for me it happens in TTrading of all time frames , That is why trading has to be done Knowing how to do it.
-
I have traded and followed the trend, it is not 100% accurate in line with what we expect... yes, sometimes short-term trading is quite troublesome because the guess is very difficult... or maybe I am not talented enough to be a short-term trader.. idk...
I assume most people trade by following the trends. It will be harder if we trade against the trend. You must choose the coins that probably increase in a short time. That's the point that we determine the coins for trading. Since we should take profits in a short time, following the trend is the right way. However, if you think it is difficult to do, you are better to focus on investment only.
Currently I don't really care about the trend, what I care about is only buying when the bullish period has gradually finished... DCA is still the best practice for me, and it is suitable for the long term... of course it only applies to coins with good liquidity and has a strong community base.
If you want to buy for holding a long term, you need to wait for the bearish season. It is not the right way to buy during the bullish season, even you buy at the end of the bullish season. DCA is good, but just apply it during the bearish season. ;)
-
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
Although I have not started trading yet, I think this advice will be very useful for me. For those who trade trending cryptocurrencies, it is not safe to trade without market analysis. Any coin can be trending at any time, but if you do not have proper knowledge about the analysis and price movement of that coin, then you will definitely face losses when trading.
Yes, you should give your reasoning. Trading is not just about profit and loss, there is a lot of logic here. Before you start trading, you need to know about the market first. Trading is not something that anyone can profit from when they come here, it is wrong to think that. Because trading is not gambling, if you start trading whenever you feel like it, then you will definitely face losses. In my opinion, we need to gain a lot of knowledge about crypto currency, after knowing the market a lot, we should do it.
-
For someone not be a trader, then you have to be a disciplined person, this is very important because it will go a long way in helping you acheive your targets as a trader and you will not be taking unnecessary actions base on your feelings without having a strong reason for doing that, also, there are targets we have to meet up with in our trading performance over time and the attitude we give towards trading will determine if we are going to achieve them or not.
-
For someone not be a trader, then you have to be a disciplined person, this is very important because it will go a long way in helping you acheive your targets as a trader and you will not be taking unnecessary actions base on your feelings without having a strong reason for doing that, also, there are targets we have to meet up with in our trading performance over time and the attitude we give towards trading will determine if we are going to achieve them or not.
what you said is right, in trading we must be disciplined and have a target.
because in trading we are always faced with bad emotions such as greed and fear. if we are not consistent with the target, we will lose the opportunity to get profit because greed makes us lose.
-
For someone not be a trader, then you have to be a disciplined person, this is very important because it will go a long way in helping you acheive your targets as a trader and you will not be taking unnecessary actions base on your feelings without having a strong reason for doing that, also, there are targets we have to meet up with in our trading performance over time and the attitude we give towards trading will determine if we are going to achieve them or not.
what you said is right, in trading we must be disciplined and have a target.
because in trading we are always faced with bad emotions such as greed and fear. if we are not consistent with the target, we will lose the opportunity to get profit because greed makes us lose.
In trading, we basically have to handle the person and be patient. Due to greed and patience, many of us could not make money properly in this trading, we faced more losses. There are many currencies in the crypto market from which we can make a lot of money by trading well. Especially when BTC pumped, prominent traders made a lot of money.
-
For someone not be a trader, then you have to be a disciplined person, this is very important because it will go a long way in helping you acheive your targets as a trader and you will not be taking unnecessary actions base on your feelings without having a strong reason for doing that, also, there are targets we have to meet up with in our trading performance over time and the attitude we give towards trading will determine if we are going to achieve them or not.
what you said is right, in trading we must be disciplined and have a target.
because in trading we are always faced with bad emotions such as greed and fear. if we are not consistent with the target, we will lose the opportunity to get profit because greed makes us lose.
We can make a target something that prevents us from being greedy, or in other words it can be a limit where we have to stop, either when we get a profit or when we feel a loss.
However, we also have to hold that target, because there are also some people who set targets, but they are not consistent in holding them so that they should have made a profit, they actually continue trading so that losses come to them.
-
-snip-
However, we also have to hold that target, because there are also some people who set targets, but they are not consistent in holding them so that they should have made a profit, they actually continue trading so that losses come to them.
The simple rule is to stick to the main target and never waver if you really want to hold on to it in the long term.
But indeed most people who initially look strong will collapse when they continue to show continuous decline so they panic and this is the result of mismanagement, not having a reserve of money to buy again.
Selling at a loss price will only add to the losses and make it worse, there will be no return if you have already sold it.
But maybe some stop loss at the beginning if it's already set can help buy again at the bottom, but whether the stop loss is set or just buy and then just leave it.
-
-snip-
However, we also have to hold that target, because there are also some people who set targets, but they are not consistent in holding them so that they should have made a profit, they actually continue trading so that losses come to them.
The simple rule is to stick to the main target and never waver if you really want to hold on to it in the long term.
But indeed most people who initially look strong will collapse when they continue to show continuous decline so they panic and this is the result of mismanagement, not having a reserve of money to buy again.
Selling at a loss price will only add to the losses and make it worse, there will be no return if you have already sold it.
But maybe some stop loss at the beginning if it's already set can help buy again at the bottom, but whether the stop loss is set or just buy and then just leave it.
If we want to hold long term we have to be consistent with our target, because the crypto market is very volatile and we have to stay calm and not panic. Selling at a loss will increase our losses, so we should have enough capital for long term holding.
-
If we want to hold long term we have to be consistent with our target, because the crypto market is very volatile and we have to stay calm and not panic. Selling at a loss will increase our losses, so we should have enough capital for long term holding.
You do have a point. The volatility of most crypto currencies in the ecosystem is one of the major reasons why most people prefer to scalp especially if they are working with recently launched tokens and coins. Most Traders scalp because many analysis can't actually hold a setup that long for you to be able to swing.
Besides this , most long term tradings are usually done on popular and very big cryptocurrencies like bitcoin and Ethereum.
-
-snip-
However, we also have to hold that target, because there are also some people who set targets, but they are not consistent in holding them so that they should have made a profit, they actually continue trading so that losses come to them.
The simple rule is to stick to the main target and never waver if you really want to hold on to it in the long term.
But indeed most people who initially look strong will collapse when they continue to show continuous decline so they panic and this is the result of mismanagement, not having a reserve of money to buy again.
Selling at a loss price will only add to the losses and make it worse, there will be no return if you have already sold it.
But maybe some stop loss at the beginning if it's already set can help buy again at the bottom, but whether the stop loss is set or just buy and then just leave it.
If we want to hold long term we have to be consistent with our target, because the crypto market is very volatile and we have to stay calm and not panic. Selling at a loss will increase our losses, so we should have enough capital for long term holding.
Peace will be obtained if we are indeed ready for all possibilities that will occur, but if we are not ready for all that, then we will continue to panic and maybe we can't even sleep because we keep thinking about the market.
That is why it is highly recommended for someone to have a very good mentality when putting their money into the market and the mentality will only be owned by people who are truly ready.
-
[
Peace will be obtained if we are indeed ready for all possibilities that will occur, but if we are not ready for all that, then we will continue to panic and maybe we can't even sleep because we keep thinking about the market.
That is why it is highly recommended for someone to have a very good mentality when putting their money into the market and the mentality will only be owned by people who are truly ready.
Experience that will make us ready for all conditions in the crypto market. With knowledge and experience we will have a good mentality.
I remember many people's messages, use money that we can afford to lose so that we don't panic and have a good mentality.
-
If we want to hold long term we have to be consistent with our target, because the crypto market is very volatile and we have to stay calm and not panic. Selling at a loss will increase our losses, so we should have enough capital for long term holding.
Yes, stay consistent and stick with the main targets that need to be achieved.
But most people or those beginners will only give up when the price continues to fall like it is now, they have no reserves anymore and only see their assets drop by more than -50%.
It's sad, but for those who have to do what in a situation like the current one, of course, surviving and continuing to accumulate purchases gradually will be the best strategy.
-
You do have a point. The volatility of most crypto currencies in the ecosystem is one of the major reasons why most people prefer to scalp especially if they are working with recently launched tokens and coins. Most Traders scalp because many analysis can't actually hold a setup that long for you to be able to swing.
Besides this , most long term tradings are usually done on popular and very big cryptocurrencies like bitcoin and Ethereum.
Trading is a big risk and what coins that we choose will really influence the result. if it is BTC and ETH. Those are actually safer than other altcoins. But of course, risk management must be needed importantly to be able to consider and manage what coins to trade, what strategy, what margin, and what TP/SL. More to deeper analysis if we are going exactly to trade. And once to remember, if we are especially newcomer, never try Future trading at first.
The high volatility, liquidity, will really make us stressful sometimes. that is why when trading, we must be aware enough and having great and wise mental management tin order to
-
[
Peace will be obtained if we are indeed ready for all possibilities that will occur, but if we are not ready for all that, then we will continue to panic and maybe we can't even sleep because we keep thinking about the market.
That is why it is highly recommended for someone to have a very good mentality when putting their money into the market and the mentality will only be owned by people who are truly ready.
Experience that will make us ready for all conditions in the crypto market. With knowledge and experience we will have a good mentality.
I remember many people's messages, use money that we can afford to lose so that we don't panic and have a good mentality.
Risking what you can afford to lose is just the point. Even with SL and TP we still need to acknowledge risk management to avoid your capital getting swept by the market. Trading with risk management will really help and keep you going in trading and it will help and protect your money and make you feel safer.
Having knowledge will give you higher probability over your capital and you will have much higher chances over the market cause knowledge is the perfect key in every situation both trading and also investment. Investing or trading on what pair you have knowledge about will really guide your investment and help you achieve better goals.
-
[
Peace will be obtained if we are indeed ready for all possibilities that will occur, but if we are not ready for all that, then we will continue to panic and maybe we can't even sleep because we keep thinking about the market.
That is why it is highly recommended for someone to have a very good mentality when putting their money into the market and the mentality will only be owned by people who are truly ready.
Experience that will make us ready for all conditions in the crypto market. With knowledge and experience we will have a good mentality.
I remember many people's messages, use money that we can afford to lose so that we don't panic and have a good mentality.
Risking what you can afford to lose is just the point. Even with SL and TP we still need to acknowledge risk management to avoid your capital getting swept by the market. Trading with risk management will really help and keep you going in trading and it will help and protect your money and make you feel safer.
Having knowledge will give you higher probability over your capital and you will have much higher chances over the market cause knowledge is the perfect key in every situation both trading and also investment. Investing or trading on what pair you have knowledge about will really guide your investment and help you achieve better goals.
Yes, that is something that must be done, because if we use money that we cannot afford to lose, then we will feel emotional when we experience a loss.
On the other hand, if we use money that we are ready to lose, then we will be able to accept it more when we experience a loss. Disappointment is certain, but that disappointment will not make us frustrated.
-
Yes, that is something that must be done, because if we use money that we cannot afford to lose, then we will feel emotional when we experience a loss.
On the other hand, if we use money that we are ready to lose, then we will be able to accept it more when we experience a loss. Disappointment is certain, but that disappointment will not make us frustrated.
The goal of every investor is to make a profit, but if we use money that we can afford to lose, it will make us calmer and not panic when the crypto market goes down.
This is actually difficult if we don't have free funds.
-
Yes, that is something that must be done, because if we use money that we cannot afford to lose, then we will feel emotional when we experience a loss.
On the other hand, if we use money that we are ready to lose, then we will be able to accept it more when we experience a loss. Disappointment is certain, but that disappointment will not make us frustrated.
The goal of every investor is to make a profit, but if we use money that we can afford to lose, it will make us calmer and not panic when the crypto market goes down.
This is actually difficult if we don't have free funds.
Well that's why we are also advised to have a reserve fund, because the market is not always in our favor, and there are times when we have to be patient for a long time to wait for the market to recover.
With a reserve fund, we can be calmer and we can even use it for additional investments, such as buying bitcoin at a lower price than before.,