Some few tips in trading.

[Dr.Bitcoin_Strange]

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Well let me cite an example. Say you are a trader and you ender a trade and then you are mid way between the completion of the trend according to your prediction and analysis and then you spot an invalidation of your analysis which suggests the opposite trend sooner. If you should still stay in such trade without at least securing your profit then that's greed. However staying in a trend and bearing a retest without any invalidation can be viewed as RISK.

Well sometimes in such situations, there could be certain exceptions, if the trader in question has only wagered or traded with an amount he's willing to lose, and is actually willing to accept the losses in good fate then I wouldn't really consider seeing the trade to the end as being greedy. This is because, after a trade, a trader either of two things or even both, which is profits and experience, the profits may not always come, but at the end of trade, a trader may have one or two lessons to take home, which when applied on the next trade could have better results.

Additionally, most traders in the same situations who ended up taking their profits, ended up regretting at last as their market later went according to their predictions, so sometimes indication of an opposite trend may not always be accurate as the chances of the trade going the opposite direction could be slim. So if the trader can actually afford to lose whatever amount he wagered, then surely i feel the risk is worth taking.

[Mia Chloe]

Well sometimes in such situations, there could be certain exceptions, if the trader in question has only wagered or traded with an amount he's willing to lose, and is actually willing to accept the losses in good fate then I wouldn't really consider seeing the trade to the end as being greedy. This is because, after a trade, a trader either of two things or even both, which is profits and experience, the profits may not always come, but at the end of trade, a trader may have one or two lessons to take home, which when applied on the next trade could have better results.

+1 for your explanation . Well I get your point that staying in a reversing trade isn't really been greedy if you've actually made up your mind from the start that you intend on risking that money , that's infact what traders are supposed to do calculate and accept your risk before entering a trade however sometimes manual exit is necessary in reversals.

You know different traders use different concepts and a great deal of retail traders make use of smart money concept which often suggests you exit a trade when there is an uncertain strong reversal or retest instead of allowing it to hit your stop loss. In a sell trend for instance you should be looking for an invalidation to the retest if not the said retest could hit your SL and change character or do a stop hunt.

[Dr.Bitcoin_Strange]

+1 for your explanation . Well I get your point that staying in a reversing trade isn't really been greedy if you've actually made up your mind from the start that you intend on risking that money , that's infact what traders are supposed to do calculate and accept your risk before entering a trade however sometimes manual exit is necessary in reversals.

You know different traders use different concepts and a great deal of retail traders make use of smart money concept which often suggests you exit a trade when there is an uncertain strong reversal or retest instead of allowing it to hit your stop loss. In a sell trend for instance you should be looking for an invalidation to the retest if not the said retest could hit your SL and change character or do a stop hunt.

Exiting the market in certain occasions can indeed be a wise choice than sticking around to find out where the whole thing would end, I do not dispute that fact. I was simply trying to prove the fact that standing your ground and refusing to exit the trade may not always be an act of greed as you stated at first, and I'm glad you see that to be true.

[Dr.Bitcoin_Strange]

At first as a Newbie trader you can easily get discouraged when you lose a lot of trades especially when the market totally invalidates your analysis and the chart progresses in the opposite direction, or when you take a trade and exit because you were scared it already got invalidated and you exit then the trade ends up progressing in the initial direction you predicted.

Yes, and in a situation like this, a newbie in the trading sphere who has not really acquired much knowledge and experience may easily feel dismayed and thereby feel like the best option would be copying the trades of people they feel are professionals and has more trading experiences, as they may feel this could be best way to minimize and mitigate the risks of losses and maximize their profits. But like we already know this isn’t always the case as even professional traders may not be able to accurately navigate the market.

[bitebits]

At first as a Newbie trader you can easily get discouraged when you lose a lot of trades especially when the market totally invalidates your analysis and the chart progresses in the opposite direction, or when you take a trade and exit because you were scared it already got invalidated and you exit then the trade ends up progressing in the initial direction you predicted.

Yes, and in a situation like this, a newbie in the trading sphere who has not really acquired much knowledge and experience may easily feel dismayed and thereby feel like the best option would be copying the trades of people they feel are professionals and has more trading experiences, as they may feel this could be best way to minimize and mitigate the risks of losses and maximize their profits. But like we already know this isn’t always the case as even professional traders may not be able to accurately navigate the market.

Agreed,  especially in trading its common, among new entrants in the market system, they mimic more experienced counterpart in the hope of emulating him. It is quite natural since in the initial stages confidence is hardly developed, and it might seem better to tread the well-worn path to reduce any incidence of failure or loss. Though, the market is so unpredictable and changing in which even royalty traders cannot escape. Therefore, beginners who entrust all their efforts solely to someone else’s strategy lose the valuable practice of obtaining firsthand knowledge of the market.

We need to understand it is useful to take ideas from those who are trading earlier, yet every trader needs to develop a strategy which will be good for him mentally and financially. They might eventually want to analyze the market independently, especially with some personal experiences that they gained on their own, in order to survive this world of trading. In that way, we will be capable of handling different market conditions that are always so unpredictable, and the risks associated with them can be managed more efficiently.

[Dr.Bitcoin_Strange]

Agreed,  especially in trading its common, among new entrants in the market system, they mimic more experienced counterpart in the hope of emulating him. It is quite natural since in the initial stages confidence is hardly developed, and it might seem better to tread the well-worn path to reduce any incidence of failure or loss. Though, the market is so unpredictable and changing in which even royalty traders cannot escape. Therefore, beginners who entrust all their efforts solely to someone else’s strategy lose the valuable practice of obtaining firsthand knowledge of the market.

We need to understand it is useful to take ideas from those who are trading earlier, yet every trader needs to develop a strategy which will be good for him mentally and financially. They might eventually want to analyze the market independently, especially with some personal experiences that they gained on their own, in order to survive this world of trading. In that way, we will be capable of handling different market conditions that are always so unpredictable, and the risks associated with them can be managed more efficiently.

If the sole reason a novice trader might want to copy the strategy of a professional is to avoid losses, then he’ll be certainly disappointed because not even the experts and professionals can accurately predict or navigate the market and completely avoid the losses. There are several reasons why people would want or wish to go into copy trading, some people enter into the market with so much enthusiasm to benefit from the market via trading but yet without a single experience of how to go about things, thus considering copy trading as a nice kickstart to gain basic knowledge and to get familiarize with the market before developing their own personal strategy.

[bitebits]

Agreed,  especially in trading its common, among new entrants in the market system, they mimic more experienced counterpart in the hope of emulating him. It is quite natural since in the initial stages confidence is hardly developed, and it might seem better to tread the well-worn path to reduce any incidence of failure or loss. Though, the market is so unpredictable and changing in which even royalty traders cannot escape. Therefore, beginners who entrust all their efforts solely to someone else’s strategy lose the valuable practice of obtaining firsthand knowledge of the market.

We need to understand it is useful to take ideas from those who are trading earlier, yet every trader needs to develop a strategy which will be good for him mentally and financially. They might eventually want to analyze the market independently, especially with some personal experiences that they gained on their own, in order to survive this world of trading. In that way, we will be capable of handling different market conditions that are always so unpredictable, and the risks associated with them can be managed more efficiently.

If the sole reason a novice trader might want to copy the strategy of a professional is to avoid losses, then he’ll be certainly disappointed because not even the experts and professionals can accurately predict or navigate the market and completely avoid the losses. There are several reasons why people would want or wish to go into copy trading, some people enter into the market with so much enthusiasm to benefit from the market via trading but yet without a single experience of how to go about things, thus considering copy trading as a nice kickstart to gain basic knowledge and to get familiarize with the market before developing their own personal strategy.

This is quite accurate as imitating a professional’s overall approach to trading will not lessen a newbie’s risk of experiencing losses to null, because even experienced traders are unable to predict the markets’ behavior always accurately. However, copy trading becomes an effective method to trade for people interested in earning money by buying and selling stocks but do not have much experience. This helps a trader, who will otherwise have to enter the market blind, get a feel of the market, realize where things are heading and how other experienced market players approach the business. Ultimately, such exposure can contribute to the formation of the necessary groundwork and can be used to help make more informed decisions in the future when individual strategies are formed; combined, it allows the owner to approach the market with slightly more realistic notions.

[Dr.Bitcoin_Strange]

Ultimately, such exposure can contribute to the formation of the necessary groundwork and can be used to help make more informed decisions in the future when individual strategies are formed; combined, it allows the owner to approach the market with slightly more realistic notions.

Definitely.
Where this becomes a problem is when the novice trader overly depends on the trades he copies from the expert without feeling the need to make his own research and also learn from the experience. Because the main purpose for copying a trade should be to seek some sort of guidance on how the market works and to also help him in his learning experience about the market, but when he fails to conduct his own researches. It becomes a problem because his purpose of using the experience to learn would be defeated as he’ll solely depend on the traders to do all the heavy lifting and analysis for him, thereby making it impossible for him to tailor out his own personal strategy which is very appropriate for every trader.

[Thyplaymaker]

Make I add another tips 

Abeg as a trader stop the habits of chasing losses it's takes time to build a better strategy in trading.

And trading not something one can just start making money once from , nah it takes time and determination for one to eventually pull it off .

But one of the major thing you need is good self-control.

[bitebits]

Make I add another tips 

Abeg as a trader stop the habits of chasing losses it's takes time to build a better strategy in trading.

And trading not something one can just start making money once from , nah it takes time and determination for one to eventually pull it off .

But one of the major thing you need is good self-control.

This tip is priceless, particularly to most of us who find ourselves quickly working hard to try and gain back our losses. Trading does involve a constant work to develop a firm and sound plan of action that we cannot create within a short span of time. Finally, in the world of trading, profit goes to the ones who insist on patience, consistency, and willingness to keep on learning- in general, adamant people. Knowing that consistent profit is the function of time, makes us more ready to undergo swings without pressures, but more on planning.

Thanks for sharing Thyplaymaker

[21Pilots]

Make I add another tips 

Abeg as a trader stop the habits of chasing losses it's takes time to build a better strategy in trading.

And trading not something one can just start making money once from , nah it takes time and determination for one to eventually pull it off .

But one of the major thing you need is good self-control.

This tip is priceless, particularly to most of us who find ourselves quickly working hard to try and gain back our losses. Trading does involve a constant work to develop a firm and sound plan of action that we cannot create within a short span of time. Finally, in the world of trading, profit goes to the ones who insist on patience, consistency, and willingness to keep on learning- in general, adamant people. Knowing that consistent profit is the function of time, makes us more ready to undergo swings without pressures, but more on planning.

Thanks for sharing Thyplaymaker

This advice is very good especially to those of us that feel like we are always under pressure in an effort to offset some losses. In trading, it is absolutely true that such continuous process and an effective plan are musts in the long term. But in principle perseverance and continuity are the factors which define the difference in its positive meaning if we are willing to implement this logic by being persistent in new learning processes. Thus, realizing that regular revenues require time and efforts, we are prepared to conquer change without pressure but with the thought on a planned approach. Such tenet of not yielding to challenges also encourages us to be stronger for facing the market challenges of the business and at the same time setting a firm ground for sustained growth.