Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Cryptosmart on October 24, 2024, 10:39:26 AM
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
You choose what suits you yourself.
The main thing is whether it brings profit and enjoyment to you.
;D
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
So trading resistance and support zones is now considered easy? Don't be fooled by things you see online. You saw the guy who made 1m dollars from $100 but did you care to ask how much he lost before he was able to meet such target? Along the way he made some losses and kept trying till he got there. He didn't just make it in one trades but multiple trial.. I've forgotten his name actually as he's not even the first there are some other big traders whom did same.. s&r, works along side ict and smc you just need to practice them all... No one way will guarantee you huge profits...
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As basic as it was, remember that emotion also takes place when you execute a trade. I think you also need that skill even if you resort to basic trading indicators.
Or are you referring to setting up a trading bot that makes calls whenever a chart hits support & resistance? If it was that easy anyone would simply run a bot and make millions.
I'm pretty sure you can try and learn along the way, and find success to some degree if you're patient. As long as you don't think you'll make millions after dabbling with reading support & resistance after a few days. As mentioned above, there's no guarantee to anything.
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They are not complicated terms, everyone can easily learn what they are, the problems are different:
- identifying them correctly which almost never
- being lucky enough for a dream even not happening exactly when you're with your pants down
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They are not complicated terms, everyone can easily learn what they are, the problems are different:
- identifying them correctly which almost never
- being lucky enough for a dream even not happening exactly when you're with your pants down
Obviously what the op is missing. It might look simple now until you test them out. Resistance and support are major zones that alot of traders watch out for in the Market. There are usually a lot of pending orders in those zones waiting to be triggered. When I usually like trading the support and resistance is only when the market is in a range. The ranging market give you a perfect opportunity to trade using support and resistance. But you have to also be smart and careful with your risk management..
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If the amount is $10,000, $50,000, or $100,000, we can believe that you can turn it into a million dollars, but $100, this is almost impossible, and whoever convinces you that you can easily achieve such profits from trading, everyone has become a trader. Converting $100 to a million dollars in a short period of time can only be done by being very lucky or a fraud, so do not try to be greedy or imitate such fraudsters, start and learn and know that 10% gains are worth celebrating, otherwise hodling bitcoin is the easiest solution.
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Converting $100 to a million dollars in a short period of time can only be done by being very lucky or a fraud, so do not try to be greedy or imitate such fraudsters, start and learn and know that 10% gains are worth celebrating, otherwise hodling bitcoin is the easiest solution.
Yeah, I was searching for the story to see what the deal was and stumbled upon the story:
https://www.instagram.com/fxalexg/
So a guy was able to make 1 million in 15 days but he is selling courses and trade signals, just a search on his name and he's a total scammer.
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Converting $100 to a million dollars in a short period of time can only be done by being very lucky or a fraud, so do not try to be greedy or imitate such fraudsters, start and learn and know that 10% gains are worth celebrating, otherwise hodling bitcoin is the easiest solution.
Yeah, I was searching for the story to see what the deal was and stumbled upon the story:
https://www.instagram.com/fxalexg/
So a guy was able to make 1 million in 15 days but he is selling courses and trade signals, just a search on his name and he's a total scammer.
A common practice by "info" traders, so to speak.
Too many people believe in courses like these to bring them knowledge.
Even more fall victim to such thinking in search of a life change on a whim.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
But are you sure and confirm that it is true that someone friend $100 to $1 million? The probability of that happening is very small and I think the person likely gambled and the market favour him with the high leverage that he used. If such person tries it again, he may continue be losing. Trading is not as easy as that in making huge profit.
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Sounds a bit too much to believe in turning $100 to 1M. But congrats to him. I don't doubt the system about support and resistance but in crypto where bear market flushes out everything, the system is almost disregarding support and resistance.
It could work on Forex and stick market but more than likely not on crypto.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Almost no professional trader will heed to what you are saying right now. Every trader has his own analysis and methods for validating their entries to a trade. However some my stick to this particular support and resistance method of trading while some others may not the difference is in what works for every trader. You can't say all traders must make use of resistance and support and similarly not all pairs have frequent resistance and support.
Trading is not only about understanding the market or having a good analysis. The market is moved by liquidity meaning people who profit most off trading are those that actually have the capital to put into the trade not those that manage funds to trade. Flipping $100 to $100k or more is nothing something analysis gives you in one trade.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Well, what you mentioned only relates to technical analysis. You can try researching and applying it to a demo account to discover more issues.
You often seem confused when making decisions based on signals. That's a matter of timing and signal strength.
You’re not able to take profits or cut losses accurately: that's a psychological issue.
You don't have enough capital to survive the market long enough: that's a problem with capital management skills.
The journey to becoming a crypto millionaire is very difficult and relies on more than just a little knowledge or luck ^^
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
If you have a deep and broad understanding of trading, especially the indicators that are also used in actual trading activity, I think that support and resistance can be easily used from another angle. But you must have another strategy to combine with that so that the chances of you getting a profit from trading will be high.
Because if you are not deep and broad in trading in this field of crypto business, then I can say that it is not easy to use support and resistance as a basis for you
to get earnings in crypto trading.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
If you have a deep and broad understanding of trading, especially the indicators that are also used in actual trading activity, I think that support and resistance can be easily used from another angle. But you must have another strategy to combine with that so that the chances of you getting a profit from trading will be high.
Because if you are not deep and broad in trading in this field of crypto business, then I can say that it is not easy to use support and resistance as a basis for you
to get earnings in crypto trading.
Indeed, Support and resistance are two very powerful basic elements of technical analysis, but to make use of them we have to have a broader perspective of other patterns and indicators. On the crypto trading, support and resistance are often psychological levels, but the amplified high volatility might pull prices above or below these levels within a short space of time. So, when used in combination with such other indicators as moving average, RSI or MACD, they give a more holistic idea of potential trends and true moments of reversal of prices. statistics also prove that in volatile markets, there are a lot of false breakouts hence we have to keep off in this kind of market while in the long-term we have to be very careful of our support and resistance levels. Therefore, learning the relations between the indicators will enable one to make better decisions when undertaking the activity.
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If you have a deep and broad understanding of trading, especially the indicators that are also used in actual trading activity, I think that support and resistance can be easily used from another angle. But you must have another strategy to combine with that so that the chances of you getting a profit from trading will be high.
Because if you are not deep and broad in trading in this field of crypto business, then I can say that it is not easy to use support and resistance as a basis for you
to get earnings in crypto trading.
Definitely what op should know about. Trading alone using the support and resistance zones, takes enough experience and probably the market just moves in your favor. Every trading strategy most works best using other confluence to confirm your entry method. He shouldn't always believe what you see on social media. Like a guy on YouTube I usually come across claiming he flips $1 to more than $1k in few minutes. Sometimes these videos are just edited to make their audience pay for classes. Just try your best to study alot of techniques required on trading buyt then study the relevant ones.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
You choose what suits you yourself.
The main thing is whether it brings profit and enjoyment to you.
;D
I guess that answers it ahaha..
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Converting $100 to a million dollars in a short period of time can only be done by being very lucky or a fraud, so do not try to be greedy or imitate such fraudsters, start and learn and know that 10% gains are worth celebrating, otherwise hodling bitcoin is the easiest solution.
Yeah, I was searching for the story to see what the deal was and stumbled upon the story:
So a guy was able to make 1 million in 15 days but he is selling courses and trade signals, just a search on his name and he's a total scammer.
This isn't the one..I'll check on Twitter to see if I can spot it again.. the guy documented everything
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Yeah, I was searching for the story to see what the deal was...so a guy was able to make 1 million in 15 days but he is selling courses and trade signals, just a search on his name and he's a total scammer.
Well, thanks for digging in and finding out what can be the truth of the matter. I am sure he is using the million-dollar narrative to lure in buyers for his courses and trade signals which can a lot easier to make money from compared to trading as people can easily be fooled in the name of greed. The man must be selling dreamed lifestyles and he is feeding his business with what can be...and of course you need to buy into his world to be a part of it. He must be a very good salesman rather than a trader...because most of the successful traders I know don't bother to investing a lot of time marketing their courses. Now, of course, I am giving this a benefit of the doubt so I am open to know real people who enter his program to see how is the experience and if they are already now also rich.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
well for some people other methods/tools of trading is a lot helpful and can make them make better trading decisions i thought we had already established that not one trading method suits all traders? if you think that one method is a lot better and you are more comfortable doing said method then by all means do that but objectively there really is no ‘better’ method and can only depend on yourself
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Well, I'm partly agreeing with what you saw on Twitter, and I have an experience myself.
Currently, I'm back into trading (with just a small amount), and I'm only using 2 indicators in all of my trades. RSI and SMMA only, nothing more, nothing less.
Forget all of those colored lines out there, and just focus on 1 or 2 indicators. Well, it works for me, and different traders have different strategies. Maybe for the one that you saw on Twitter, that's the one that works for him. As for myself, I'm only using 2 indicators, and it works for me although I don't know if it will be sustainable in the long run of course.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Well, I'm partly agreeing with what you saw on Twitter, and I have an experience myself.
Currently, I'm back into trading (with just a small amount), and I'm only using 2 indicators in all of my trades. RSI and SMMA only, nothing more, nothing less.
Forget all of those colored lines out there, and just focus on 1 or 2 indicators. Well, it works for me, and different traders have different strategies. Maybe for the one that you saw on Twitter, that's the one that works for him. As for myself, I'm only using 2 indicators, and it works for me although I don't know if it will be sustainable in the long run of course.
Did you learn to use these two markers by yourself, or you were taught by somebody in the long run?
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
well for some people other methods/tools of trading is a lot helpful and can make them make better trading decisions i thought we had already established that not one trading method suits all traders? if you think that one method is a lot better and you are more comfortable doing said method then by all means do that but objectively there really is no ‘better’ method and can only depend on yourself
My suggestion is that we should trade based on our own analysis and strategy, do not use bots or other tools.
because trading manually makes our analysis and intuition run well and can add experience.
I have been trading for more than 5 years and have never used bots or followed other people's signals.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
well for some people other methods/tools of trading is a lot helpful and can make them make better trading decisions i thought we had already established that not one trading method suits all traders? if you think that one method is a lot better and you are more comfortable doing said method then by all means do that but objectively there really is no ‘better’ method and can only depend on yourself
My suggestion is that we should trade based on our own analysis and strategy, do not use bots or other tools.
because trading manually makes our analysis and intuition run well and can add experience.
I have been trading for more than 5 years and have never used bots or followed other people's signals.
Well, A large number of decisions in crypto trading based own analysis and own strategies allows receiving complete control over everything and building a more powerful and sensitive timing of the market without using bots and signals from other people. Using monitoring and analysis on a manual basis, we are able to enhance our awareness of the dynamism in the market to be able to embrace flexible risk management and necessary decision making. Moreover, it has a positive ‘cash’ effect, where each purchased/sold item becomes a case study, which adds to our knowledge base and builds character for fighting out market problems.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
well for some people other methods/tools of trading is a lot helpful and can make them make better trading decisions i thought we had already established that not one trading method suits all traders? if you think that one method is a lot better and you are more comfortable doing said method then by all means do that but objectively there really is no ‘better’ method and can only depend on yourself
My suggestion is that we should trade based on our own analysis and strategy, do not use bots or other tools.
because trading manually makes our analysis and intuition run well and can add experience.
I have been trading for more than 5 years and have never used bots or followed other people's signals.
They may be beneficial, but not in the long run.
Just as the advisors of sorts, but not the decision-makers.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Well, I'm partly agreeing with what you saw on Twitter, and I have an experience myself.
Currently, I'm back into trading (with just a small amount), and I'm only using 2 indicators in all of my trades. RSI and SMMA only, nothing more, nothing less.
Forget all of those colored lines out there, and just focus on 1 or 2 indicators. Well, it works for me, and different traders have different strategies. Maybe for the one that you saw on Twitter, that's the one that works for him. As for myself, I'm only using 2 indicators, and it works for me although I don't know if it will be sustainable in the long run of course.
Everyone has a way and approach he feels comfortable with, and sometimes the fewer indicators mean increased performance. A number of indicators including RSI and SMMA can give us positive outcomes without getting too complicated.
The obtained result at the present time is more than satisfactory, however we should not lose sight of the fact that in the future the indices might demonstrate other characteristics. Not being rigid and ready for probable changes is very crucial in trading.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
It doesn’t matter the one you see people trading. Everyone goes for the one that works best for them. You don’t need to be looking out at every method before you’ll become a profitable trader. Focus on one, work on yourself to perfect that strategy and then work yourself through it to see yourself achieving greatness in trading. It is not easy whichever method you want to use to trade the market, what is more important is you understanding the strategy, then using that strategy for your trades and works for you very well. The trading market will continue to be complicated unless you unleash one strategy and work yourself on it to make it better.
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It doesn’t matter the one you see people trading. Everyone goes for the one that works best for them. You don’t need to be looking out at every method before you’ll become a profitable trader. Focus on one, work on yourself to perfect that strategy and then work yourself through it to see yourself achieving greatness in trading. It is not easy whichever method you want to use to trade the market, what is more important is you understanding the strategy, then using that strategy for your trades and works for you very well. The trading market will continue to be complicated unless you unleash one strategy and work yourself on it to make it better.
Each trader has their way of doing things, and the key thing here is to ensure that one selects a method that they feel is best for them in trading. It is not necessary to attempt all the methods which are at our disposal; what’s needed is to concentrate in a particular method, demist itself and then make it stronger.
Once we have grasped the strategy effectively then we can extend applying it all the time to the achievement of the set objectives. Market is competitive in any case, but one should stay on one concept for long to see serious results and build up confidence in trading.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Not a regular day trader but till now I have used these basic indicators to take short term and long term trades and even when I have to make a prediction about market's next move I use S&R which is really effective.
Extra layers of data and indicators make things more complex but still they are more effective in results so don't be drawn towards it just because someone turned $100 into $1 Million as that's only possible if the person is trading in Meme coins as I don't see any ALTs making that much gains in short period of time.
I have seen a lot of similar trades and till now don't come to understand if this is real or fake.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Not a regular day trader but till now I have used these basic indicators to take short term and long term trades and even when I have to make a prediction about market's next move I use S&R which is really effective.
Extra layers of data and indicators make things more complex but still they are more effective in results so don't be drawn towards it just because someone turned $100 into $1 Million as that's only possible if the person is trading in Meme coins as I don't see any ALTs making that much gains in short period of time.
I have seen a lot of similar trades and till now don't come to understand if this is real or fake.
By using basic indicators and relying on support and resistance we have been provided with a good market direction map. On this basis, it becomes possible to make more accurate actions in both the short period as well as in the long term of trading. Other data and indicators may make the process more complicated but in principle, using more data the process gives more accurate results and does not get influenced by gross estimations which are far from being real in most cases.
There are fables of incredible gains originating with risky coins, but practice proves that pro-fits derived from less risky coins are more stable. In this manner we pay more attention on more on the balance and diversity of portfolios, eradiculating the impacts of short term issues and relying on more analytical approaches.
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By using basic indicators and relying on support and resistance we have been provided with a good market direction map. On this basis, it becomes possible to make more accurate actions in both the short period as well as in the long term of trading. Other data and indicators may make the process more complicated but in principle, using more data the process gives more accurate results and does not get influenced by gross estimations which are far from being real in most cases.
There are fables of incredible gains originating with risky coins, but practice proves that pro-fits derived from less risky coins are more stable. In this manner we pay more attention on more on the balance and diversity of portfolios, eradiculating the impacts of short term issues and relying on more analytical approaches.
I have to say you have a good manner to convey the message with some nice words.
And I can't agree more with you as these are not fables anymore, people are making extraordinary profits from their trades in Memecoins and I am just stunned at how they can make 1000x even and who is feeding them this knowledge. I never traded meme coin but once when I had to swap my ETH into a meme coin (mistakenly) as the TX fee was low but it cost me more as when they got swapped the meme coin was too volatile that it was causing me $2 to $7 loss in just matter of seconds that was my fist time experiencing something that volatile.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
The question there op, do you know the basic reading or knowledge there? if you know it's good if that's the case, resistance and support are often the basis for when there will be a breakout or fake or break out or reversal.
Because most of the time, once the resistance is broken, it becomes the new support, and once the support is broken, that becomes the resistance. But I doubt through this you can get 1M$ in a short period of time, unless you are a whale investors, just in my opinion and assessment.
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Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.
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Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.
With this kind of thinking we are able to judge logically even in case some pretty comprehensive event happens in the market – and we stick with the fundamentals. On the same note, when properly managed this sort of strategy has the capacity of providing consistent output regardless the status of matter. Of course, all these market conditions do have their arenas and requirements and that is agility, entailing. The improvement to have different results are available whenever and wherever we want and may proceed with more confidence whenever the changes are learned from.
Also, the readiness to learn, similar to that of a trader who is still willing to experience different things in life is important on the market. In this direction, the additional improvement of strategies contributes to obtaining the maximum result in the possible conditions.
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Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.
You are right in doing our trading we have our own approach and strategy, because it is adjusted to the ability and confidence in running trading. Everyone's strategy is different even though the basic knowledge and trading analysis are the same, both fundamental and technical analysis.
I also sometimes do improvs from the strategy that I do when getting results that are not optimal.
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Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.
You are right in doing our trading we have our own approach and strategy, because it is adjusted to the ability and confidence in running trading. Everyone's strategy is different even though the basic knowledge and trading analysis are the same, both fundamental and technical analysis.
I also sometimes do improvs from the strategy that I do when getting results that are not optimal.
However, everyone has his own splendid technique which is chosen for him according to his own potential and believe. Even beginning here from the same fundamental and technical analysis knowledge, the application is frequently different and inclined to reflect one’s character and strategies when approaching the market.
Failing to achieve set goals also helps in choosing a new approach when engaging in trade is also a mostrar de importante flexibilidad en trade. This is because, through constant experience in the move and change in approach depending on the outcomes and conditions of the market we will be able to exploit opportunities more effectively the more so as we master skills from real encounters in the practice domain.
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Hmm. This is a tricky thing to do, but it's doable. I think it can be done, but it must be done with essential management. I like the idea of having simple strategies and sticking to basics. It could yield better results if you know how to use them. It will differ in different market conditions, but it could be effective. I believe each has its approach to trading. We could learn continuously and adapt to the market if needed.
You are right in doing our trading we have our own approach and strategy, because it is adjusted to the ability and confidence in running trading. Everyone's strategy is different even though the basic knowledge and trading analysis are the same, both fundamental and technical analysis.
I also sometimes do improvs from the strategy that I do when getting results that are not optimal.
However, everyone has his own splendid technique which is chosen for him according to his own potential and believe. Even beginning here from the same fundamental and technical analysis knowledge, the application is frequently different and inclined to reflect one’s character and strategies when approaching the market.
Failing to achieve set goals also helps in choosing a new approach when engaging in trade is also a mostrar de importante flexibilidad en trade. This is because, through constant experience in the move and change in approach depending on the outcomes and conditions of the market we will be able to exploit opportunities more effectively the more so as we master skills from real encounters in the practice domain.
Well, you are right on that point that you are making, dude. The other good traders here in the crypto field are only looking at support and resistance; they know when and where to put long and short positions so that they can get a profit.
It seems that these traders look at the price action using support and resistance only, which is also a good method so that there is no hassle on the part of a trader.
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Well, you are right on that point that you are making, dude. The other good traders here in the crypto field are only looking at support and resistance; they know when and where to put long and short positions so that they can get a profit.
It seems that these traders look at the price action using support and resistance only, which is also a good method so that there is no hassle on the part of a trader.
if currently I see the market is good and we can do trading to the maximum. I also use support and resistance, but in trading I always see market conditions. because I am not a professional trader and only when the market is good I trade to take a little consistent profit.
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Well, you are right on that point that you are making, dude. The other good traders here in the crypto field are only looking at support and resistance; they know when and where to put long and short positions so that they can get a profit.
It seems that these traders look at the price action using support and resistance only, which is also a good method so that there is no hassle on the part of a trader.
if currently I see the market is good and we can do trading to the maximum. I also use support and resistance, but in trading I always see market conditions. because I am not a professional trader and only when the market is good I trade to take a little consistent profit.
I understand why it is possible to trade when the market is good to get an opportunity of making profits but I realized that this means of trading has one disadvantage whereby the market may change at some odd time. Using support and resistance itself is fine, but it is always helpful to know about movements that can go beyond expectations. Again, while it aims at achieving minor profits on a continuous basis, entering the market only when there is a smooth pattern distorts profit making since other good patterns may have emerged and we are idle or rush to make the trade when the pattern changes.
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Well, you are right on that point that you are making, dude. The other good traders here in the crypto field are only looking at support and resistance; they know when and where to put long and short positions so that they can get a profit.
It seems that these traders look at the price action using support and resistance only, which is also a good method so that there is no hassle on the part of a trader.
if currently I see the market is good and we can do trading to the maximum. I also use support and resistance, but in trading I always see market conditions. because I am not a professional trader and only when the market is good I trade to take a little consistent profit.
I understand why it is possible to trade when the market is good to get an opportunity of making profits but I realized that this means of trading has one disadvantage whereby the market may change at some odd time. Using support and resistance itself is fine, but it is always helpful to know about movements that can go beyond expectations. Again, while it aims at achieving minor profits on a continuous basis, entering the market only when there is a smooth pattern distorts profit making since other good patterns may have emerged and we are idle or rush to make the trade when the pattern changes.
Yes, you are right there too dude, as long as what is important to us as traders is that we ourselves should not lose confidence in what we do. Because if we only use support and resistance, we can immediately determine where the trend of the coin price we are monitoring will be.
As long as you know where to enter a position, either long or short-position, that's what's important, and then you must be able to determine where there will be a breakout and when that happens, of course you know the step to take there .
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Yes, you are right there too dude, as long as what is important to us as traders is that we ourselves should not lose confidence in what we do. Because if we only use support and resistance, we can immediately determine where the trend of the coin price we are monitoring will be.
As long as you know where to enter a position, either long or short-position, that's what's important, and then you must be able to determine where there will be a breakout and when that happens, of course you know the step to take there .
In trading, it takes skill in strategizing and taking the best position, we can choose long or short. It all depends on our plan and ability to make analysis and predictions.
I agree with you, we must always be confident in trading, but it must be done with a clear mind, using support and resistance to determine which direction the price trend of the coin we are monitoring must be done with good analysis. because sometimes I am wrong too.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.
Any trading strategy that you are able to learn properly will give you success.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.
Any trading strategy that you are able to learn properly will give you success.
I agree that having good knowledge of Support and Resistance strategies and trend lines is sufficient to trading successfully. No matter the strategy that we select, the main asset is our capability to learn it thoroughly and apply it correctly. This means that if we follow the basics of concept appreciation and mastery of concepts, any strategy that is in place will be the right tool towards the wanted end.
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If the amount is $10,000, $50,000, or $100,000, we can believe that you can turn it into a million dollars, but $100, this is almost impossible, and whoever convinces you that you can easily achieve such profits from trading, everyone has become a trader. Converting $100 to a million dollars in a short period of time can only be done by being very lucky or a fraud, so do not try to be greedy or imitate such fraudsters, start and learn and know that 10% gains are worth celebrating, otherwise hodling bitcoin is the easiest solution.
I am also in doubt about the turning of $100 into millions of dollars within a short time. For me, it is not possible except he is into gambling or soccer betting.
There is nothing Like luck in trading Cryptocurrency, it is done with high knowledge and experience or nothing. Trading with $100 to make millions of daller might have happened on a crypto gambling sites in my opinion.
However, Holding Bitcoin for a long time would have been possible with $100 and probably for a 10 years period.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Knowing the basic technical analysis is very important in trading. It will help you to be successful in the long-run.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.
Any trading strategy that you are able to learn properly will give you success.
I agree that having good knowledge of Support and Resistance strategies and trend lines is sufficient to trading successfully. No matter the strategy that we select, the main asset is our capability to learn it thoroughly and apply it correctly. This means that if we follow the basics of concept appreciation and mastery of concepts, any strategy that is in place will be the right tool towards the wanted end.
I also believe that any strategy will work as long as you master it including Support and Resistance. As far as I know, SnR is a basic strategy and yet a very effective one. Even though my strategy is not this but I used this sometimes as my confluence to increase the probability of winning the trade. It's very important to never skip the basics in trading, it helps you to succeed.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
So trading resistance and support zones is now considered easy? Don't be fooled by things you see online. You saw the guy who made 1m dollars from $100 but did you care to ask how much he lost before he was able to meet such target? Along the way he made some losses and kept trying till he got there. He didn't just make it in one trades but multiple trial.. I've forgotten his name actually as he's not even the first there are some other big traders whom did same.. s&r, works along side ict and smc you just need to practice them all... No one way will guarantee you huge profits...
I agree with you mate, its a common thing online, you wouldn't see complete information from either their adverts or social media handles.
They don't give the depth of what transpired, rather they'll only tell how the profit was made.
Predicting and placing trades on a very close range to the Resistant or Support isn't as easy as it seems because the market may either go beyond or it may likely not reach the price placed.
Even if you're trying to use the previous R /S price to predict the next, it isn't 100% certain.
So it is advisable to DYOR properly and have adequate knowledge rather than following some kind of ads or online testimonies.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.
Any trading strategy that you are able to learn properly will give you success.
I agree that having good knowledge of Support and Resistance strategies and trend lines is sufficient to trading successfully. No matter the strategy that we select, the main asset is our capability to learn it thoroughly and apply it correctly. This means that if we follow the basics of concept appreciation and mastery of concepts, any strategy that is in place will be the right tool towards the wanted end.
I also believe that any strategy will work as long as you master it including Support and Resistance. As far as I know, SnR is a basic strategy and yet a very effective one. Even though my strategy is not this but I used this sometimes as my confluence to increase the probability of winning the trade. It's very important to never skip the basics in trading, it helps you to succeed.
The strategy used by each trader is different, although the basic strategy of support and resistance is widely used.
I sometimes use different strategies depending on my beliefs and analysis at that time. So we can have different strategies because they are adjusted to the experience and beliefs of each trader.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.
Any trading strategy that you are able to learn properly will give you success.
I agree that having good knowledge of Support and Resistance strategies and trend lines is sufficient to trading successfully. No matter the strategy that we select, the main asset is our capability to learn it thoroughly and apply it correctly. This means that if we follow the basics of concept appreciation and mastery of concepts, any strategy that is in place will be the right tool towards the wanted end.
I also believe that any strategy will work as long as you master it including Support and Resistance. As far as I know, SnR is a basic strategy and yet a very effective one. Even though my strategy is not this but I used this sometimes as my confluence to increase the probability of winning the trade. It's very important to never skip the basics in trading, it helps you to succeed.
The strategy used by each trader is different, although the basic strategy of support and resistance is widely used.
I sometimes use different strategies depending on my beliefs and analysis at that time. So we can have different strategies because they are adjusted to the experience and beliefs of each trader.
Indeed, the trading strategy that is adopted by each trader is completely unique. In most cases, the strategy that we find most appropriate for our analysis and beliefs is the most appropriate under given conditions. This makes our strategy usually become adaptable and grow with time, hence variation that are characteristic of the strategies used by each trader coupled with their perception of the market.
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Indeed, the trading strategy that is adopted by each trader is completely unique. In most cases, the strategy that we find most appropriate for our analysis and beliefs is the most appropriate under given conditions. This makes our strategy usually become adaptable and grow with time, hence variation that are characteristic of the strategies used by each trader coupled with their perception of the market.
every trader has confidence in making a strategy according to his knowledge and experience in making analysis and predictions. We see many traders who succeed with their own strategies and if we imitate them, it turns out that we do not get as much profit as they do. that is the function of experience and always honing our skills in trading.
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Support and Resistance along with some other technical indicators work like a charm especially on coins where FOMO is always there. Such coins are most probably promoted by influencers who themselves have invested in those coins. One such coin is Brett, it got huge attention and due to that it made some people millionaires, it was promoted by Crash, a famous Meme coin trader.
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Support and Resistance along with some other technical indicators work like a charm especially on coins where FOMO is always there. Such coins are most probably promoted by influencers who themselves have invested in those coins. One such coin is Brett, it got huge attention and due to that it made some people millionaires, it was promoted by Crash, a famous Meme coin trader.
Honestly I don't like coins that rely on FOMO, I prefer to trade with top coins because it's safer and if the market drops until I'm trapped, I'll hold. but if we choose FOMO coins if it's too late to sell while the price drops we will lose our money.
but all choices and risks are up to each of us in choosing what coins we will buy.
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Support and Resistance along with some other technical indicators work like a charm especially on coins where FOMO is always there. Such coins are most probably promoted by influencers who themselves have invested in those coins. One such coin is Brett, it got huge attention and due to that it made some people millionaires, it was promoted by Crash, a famous Meme coin trader.
In meme coin it's always like this because you might follow the trend on media and just rush into the market but it will surprise you how the market will reverse, and cause a huge dump where other influencers or traders has already taken profits from the coin.
So it's not good to be carried away with whatever we have seen on media because if we do not carefully monitor them and rushed to the market we would always end up losing big time.
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Support and Resistance along with some other technical indicators work like a charm especially on coins where FOMO is always there. Such coins are most probably promoted by influencers who themselves have invested in those coins. One such coin is Brett, it got huge attention and due to that it made some people millionaires, it was promoted by Crash, a famous Meme coin trader.
In meme coin it's always like this because you might follow the trend on media and just rush into the market but it will surprise you how the market will reverse, and cause a huge dump where other influencers or traders has already taken profits from the coin.
So it's not good to be carried away with whatever we have seen on media because if we do not carefully monitor them and rushed to the market we would always end up losing big time.
If we follow in cryptocurrency market we can see that trade is support and resistance both is also including. We also know that trade is one of the best profitable source in cryptocurrency market. Because if we want to trade carefully, i think that we must be best benefited from trade. So when we want to trading for best profit, we must understanding in cryptocurrency market, and also be best knowledge in trading system. Then we must be told trade is not complicated.
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I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..
Knowing the basic technical analysis is very important in trading. It will help you to be successful in the long-run.
To be able to trade efficiently and earn good profit, you may not earn regularly if you just rely on just the technical analysis without other trading features like the fundamentals analysis, with trading indicators.
A good example of technical analysis is Moving Average, Relative Price Index, Volumes, and Exponential moving Averages etc.
Now, technical analysis focuses on price actions and charts patterns, statistical trends and volumes over times. fundamentals analysis focuses on the intrinsic value of an assets