This bad habit will cost you a lot in trading

[MrSpasybo]

Of course, it should take time to learn technical analysis. However,  it won't be very hard to learn it because there are many sources to learn technical analysis nowadays. If we can focus on learning technical analysis, I'm sure we can know it well less than a week. But it each person may have a different level of intelligence, some people may require a longer time. By the way, it probably takes for few years to be a professional trader but it won't be for years to understand technical analysis.

Traders commonly use various information sources to access knowledge and learn technical analysis. However, each trader has unique abilities and preferences, leading them to understand and utilize tools/indicators in their own ways. This is why we often see traders presenting conflicting opinions regarding the market condition and trend, even when they are looking at the same BTC price chart.

If trader can accurately identify the market major trend, he can achieve both profits for his accounts and peace of mind during his investment and trading journey. However, as the topic creator has pointed out, understanding the risks associated with attempting to trade against the trend, especially through futures, is crucial for traders to preserve capital and avoid unnecessary risks and failures in this market.

[Crypto Library]

The way you do it is buying when the market is down and holding it until the price goes up is what I usually do, because we can seek profit from it. Trading by following the trend is something we can do carefully because sometimes it is difficult to predict the price when it is bottom or will fall further.

The biggest reason for trading this way is that I mostly limit my trading to Bitcoin and other the top few of altcoins.
Because I want to choose those coins that will go down in price temporarily due to market effect but will definitely go up in price in the future.

And another big main reason is my weakness in trading analysis because I have less knowledge about technical analysis in trading so since I can hold long term so I choose such coins and trade when the price goes down and keep myself risk free. In other words, my trading is mostly focused on the down market.

[babo]

When trading crypto following the trend is also important, because we can go with the flow. The most important thing is that we can control our emotions, don't let what we will do in this crypto trading actually lead us to losses. The longer we trade cryptocurrency, the more knowledge we will gain from our trading experience.

but it's not easy, I also tried to follow the trend but sometimes the trend reverses
It happened to me recently with Solana, I had placed a long and there was a sharp reversal
the stop loss saved me otherwise I would have lost much more than I lost

[Mr. Magkaisa]

          -      It's not really good that you trade against the trend; if you have a deep and broad knowledge of trading, you won't do that bad habit. Of course, why would you sell if you know that the trend will continue to rise? right?  Why would you buy if you know that the trend is still going down?

That's why it's important to know something in trading and it's not possible to know nothing, because if you don't know anything and you just rely on luck in crypto trading, you're no different than a gambler in a casino who just depends on luck, and crypto trading is not like that in this industry.

[Ujok]

Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.

[rizqillah]

Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.

Following the trend must know when we enter and when we exit, because if we miss and exit late we will lose. but your suggestion is good for us to always monitor the market, because with that we can know when we should make entry and exit transactions correctly.

[LUCKMCFLY]

I am not very fluent in the crypto world, so I avoid trading crypto, I better look for ordinary events like Airdrop or whatever that makes money from the altcoinstalks forum. Maybe next time if I have a capital of around 20 or 30 USDT I will try trading with Bitcoin or Ethereum. I wan't forced it because every step with forced will be bad plan for me for taking profit.

The best thing is always that you have money that you are willing to lose, for example if you manage to have those 30 or 40usd , you have to be willing to lose them, or if of those 30 or 40usd you can lose and you are willing to lose 10usd, well I would say that it is much better, but before that it does not mean that you reached those dollars and that's it , no, there has to be more, I advise you something very simple, read books, but not About technical analysis because there is a lot of that out there , I advise you to read books by market speculators, like Wyckoff, Liverpool more, they are or were those people who operated and established an Understanding of the Market and that is why they were successful, do that before operating.

[Gurujebs]

Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.

If you don't follow trend in crypto, you will not only lose your money you might lose your sanity because you will never make where the free money is in the market. It's better to follow trend and make what you want to make immediately and proceed to the next one, that way after you accumulate a lot profit, you will not regret starting crypto trading.

However, it doesn't mean you should buy into scam project because I have noticed that scam project comes with trend and that's what scammers do when there is a new trend in crypto

[Legion]

Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.

If you don't follow trend in crypto, you will not only lose your money you might lose your sanity because you will never make where the free money is in the market. It's better to follow trend and make what you want to make immediately and proceed to the next one, that way after you accumulate a lot profit, you will not regret starting crypto trading.

However, it doesn't mean you should buy into scam project because I have noticed that scam project comes with trend and that's what scammers do when there is a new trend in crypto

I would like to state that, although it is wise to follow these trends since they can prove to be very lucrative if approached correctly, we should be careful with new developments that come along with them. As much as some projects may appear to be very attractive, investors should always perform their due diligence and diligence that can make them understand that the projects they are intending to invest in are not what they think they are. In this way, the person is in a position to capitalize on opportunities since they do not have to traverse through the pitfalls that are more often than not toxic. With such an understanding, it is possible to achieve more or less satisfactory outcomes without falling into a scam, if one acts carefully.

[Jating]

Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.

Following the trend must know when we enter and when we exit, because if we miss and exit late we will lose. but your suggestion is good for us to always monitor the market, because with that we can know when we should make entry and exit transactions correctly.

Yes, it's all about timing here, others know when to enter, but most of the time, they become greedy and so instead of getting great profits, they waited for the price to go up until they sell. But if the price goes down, then they will be trap and it's hard to go out and exit without suffering a big loss.

That happen to me in 2018 if I'm not mistaken, I had a good investment on some altcoin but chooses not to sell until it's too late. So it's a lesson that I learn in a hard and very expensive way.

[jeraldskie11]

Following trends is not always profitable, in fact the opposite will happen, so it's best if we trade every day, but you must always be alert in monitoring your assets so as not to miss valuable moments in trading. This is also risky but with this you will get profits every day and in doing this you have to know market movements and you even have to look for information about the market so that later you don't get caught in a coin that is experiencing a drastic decline.

If you don't follow trend in crypto, you will not only lose your money you might lose your sanity because you will never make where the free money is in the market. It's better to follow trend and make what you want to make immediately and proceed to the next one, that way after you accumulate a lot profit, you will not regret starting crypto trading.

However, it doesn't mean you should buy into scam project because I have noticed that scam project comes with trend and that's what scammers do when there is a new trend in crypto

Honestly, there are traders who wins a lot in trading against the trend. This is only effective in short term trading. I also believe that the trend is our friend and you can profit more if you trade with the trend. The market price will not always going up when the market sentiment is bullish, there is always a retracement. That's why some traders are doing a counter-trend trading. We can't stop them, as long as they can make profit with their trading style they should keep on utilizing it.

[sonaa]

Traders who act as traders never trade without understanding or thinking, some people believe that the trends they follow are fake but their predictions are never correct.
When Bitcoin was at half price people said it would go up.  But now it is not so much reduced or not so much increased, but due to this the trader will stop doing business??  No, those people have understood everything and continued the business.  I found that both traders who open long or short positions are now making money if they are patient.

[Agbe]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

Trading in opposite of the direction of the market is a high risk that can be make you lose your capital, I see this as a gamble because of the risks involved in it. As a trader you must learn to always be complacent with your profits for the day no matter how small they are, most people try to make huge profits in a day that's why they trade against the trend, risk management should be of utmost importance to you, if you continue using this system you Will blow your trading accounts on a regular basis. Learn how to be disciplined and avoid being greedy

[Legion]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

Trading in opposite of the direction of the market is a high risk that can be make you lose your capital, I see this as a gamble because of the risks involved in it. As a trader you must learn to always be complacent with your profits for the day no matter how small they are, most people try to make huge profits in a day that's why they trade against the trend, risk management should be of utmost importance to you, if you continue using this system you Will blow your trading accounts on a regular basis. Learn how to be disciplined and avoid being greedy

Talking of trading against the trend, then it is actually similar to gambling with the capital since you are going against the trend of the stock market. That is why it is more effective to deny yourself and reduce risks in the case of trading on the stock exchange in the long term. In my studied literature, greed has been cited as the reason that many traders end up losing all their money. Indeed it is more advisable to earn small but continuous profits than trying to earn huge profits and guess what, you just lost all your capital instead. Risk management is also part of trading that involves ensuring that the trader remains disciplined by having daily targets to be achieved, the trader must also control their emotions.

[Asiska02]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend.

Those trading against the trend knows what they’re getting at and I believe if they’re not that perfect at it, they won’t even try to do that at first. Some people trend against the market trend after seeing some changes in the trend that will make it to go counter trend. Those that do that are looking at taking all opportunities at the market but it does backfires sometimes when you’re not careful. So to be less risky, don’t trend against the market.

Do you only trade according to the trend or you counter-trend trade from time to time?

It depends on the market conditions at that time, most of the time I trend with the market. Counter trending only happens once in a while and depends on the analysis and where I see the market is getting at.