This bad habit will cost you a lot in trading

[bayu7adi]

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.

[alltalk]

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.

[nakmantu99]

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.

[LUCKMCFLY]

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.

[gunhell16]

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.

[dekafee79]

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.

[Crypto Library]

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.

[satpol_PP]

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.

[Crypto Library]

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.

[erus]

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.

[dekafee79]

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.

[Captain Corporate]

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.

[Hisbullah]

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.

[babo]

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

[Vx1]

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.