This bad habit will cost you a lot in trading

[alltalk]

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.

[taufik123]

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.

[vegasus]

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.

[satpol_PP]

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.

[Findingnemo]

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.

[$crypto$]

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.

[bounceback]

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.

[NotATether]

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.

[_act_]

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.

[Hyphen(-)]

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.

[bayu7adi]

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...

[Rruchi man]

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.

[joniboini]

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.

[MUGNIA]

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

[Nazor]

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.