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Author Topic: This bad habit will cost you a lot in trading  (Read 12824 times)

sonaa

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Re: This bad habit will cost you a lot in trading
« Reply #75 on: September 17, 2024, 08:18:10 PM »
We all know that attitude is a friend.  So we don't trade against it, if we trade against the trend, the risk increases.  A trader always understands the trend and plans according to it, we should trade the trend at the right time and not according to the trend.  Trading is not easy, but if you trade with patience and understand the trend, you will see good profit in it.

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Re: This bad habit will cost you a lot in trading
« Reply #75 on: September 17, 2024, 08:18:10 PM »

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Re: This bad habit will cost you a lot in trading
« Reply #76 on: September 17, 2024, 11:10:29 PM »
For anyone who will be going for trading, then they must be ready, wailing as well as able to take the risk in it, trading is not what we should take with fear as well as what we should avoid doing all because of what is happening as well as some conditions attached, every trader must put in place some vital aspect of it in other to enjoy trading and every other things they are doing.

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Re: This bad habit will cost you a lot in trading
« Reply #76 on: September 17, 2024, 11:10:29 PM »

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Re: This bad habit will cost you a lot in trading
« Reply #77 on: September 18, 2024, 03:02:47 PM »
For anyone who will be going for trading, then they must be ready, wailing as well as able to take the risk in it, trading is not what we should take with fear as well as what we should avoid doing all because of what is happening as well as some conditions attached, every trader must put in place some vital aspect of it in other to enjoy trading and every other things they are doing.

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Re: This bad habit will cost you a lot in trading
« Reply #78 on: September 18, 2024, 07:09:43 PM »
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
Trading that against the trend would really be just that hard on which it would really be something that will really be giving out that kind of moment that you would really be making up
bad trades just because of the trend that you are really that trying out to oppose. We do know that going with the flow will really be your best call when it comes into this aspect.
You would be able to find for yourself on which one would really be that effective when it comes into this manner. This is why it is really that ideal on making out such adjustments
on the time or moment that you do learn up something.

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Re: This bad habit will cost you a lot in trading
« Reply #79 on: September 28, 2024, 03:28:05 PM »
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
Trading that against the trend would really be just that hard on which it would really be something that will really be giving out that kind of moment that you would really be making up
bad trades just because of the trend that you are really that trying out to oppose. We do know that going with the flow will really be your best call when it comes into this aspect.
You would be able to find for yourself on which one would really be that effective when it comes into this manner. This is why it is really that ideal on making out such adjustments
on the time or moment that you do learn up something.
Well, trading it against the market is normally very dangerous and people end up making wrong choices most of the time. It is better to go with the trend as striving to leverage the existing trend has proven to be successful. To this it is crucial to be always prepared to adapt and to change the course of action depending on the lessons that were obtained from practice. It also helps them to have a clue on how best to operate in the markets hence increasing their opportunities of success in the future.
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Re: This bad habit will cost you a lot in trading
« Reply #80 on: September 28, 2024, 04:21:54 PM »
Do you only trade according to the trend or you counter-trend trade from time to time?
This will depend on the type type of trader you are. Scalpers do not consider trends. They prefer to make use of indicators coupled with some other strategies to achieve good results. People that will use trends to trade are swing traders. If talking about trends, sometines there could be a reversal in such a way that the trend will go the opposite direction.

I don't agree with you, scalpers are equally day traders, they follow the market movements based on the daily trends. Market trends goes with the indicators, these indicators are the directions of the market price movements and the trends.
Again, you are mixing up this topics, scalpers are day traders and swing traders also uses trends base on the time frame applied on the trades.
In addition, crypto requires experience and the most experienced traders( whether scalper or swing traders) may be able to identify when or where on the indicators there may be a trend reversal.

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Re: This bad habit will cost you a lot in trading
« Reply #81 on: September 28, 2024, 05:05:59 PM »
Do you only trade according to the trend or you counter-trend trade from time to time?
This will depend on the type type of trader you are. Scalpers do not consider trends. They prefer to make use of indicators coupled with some other strategies to achieve good results. People that will use trends to trade are swing traders. If talking about trends, sometines there could be a reversal in such a way that the trend will go the opposite direction.

I don't agree with you, scalpers are equally day traders, they follow the market movements based on the daily trends. Market trends goes with the indicators, these indicators are the directions of the market price movements and the trends.
Again, you are mixing up this topics, scalpers are day traders and swing traders also uses trends base on the time frame applied on the trades.
In addition, crypto requires experience and the most experienced traders( whether scalper or swing traders) may be able to identify when or where on the indicators there may be a trend reversal.
if I prefer scalping to collect profits from my daily trading depending on market conditions. Because when the market is rising I find it easier to take profits with scalping. I don't really focus on swing trading, because I don't really like it.

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Re: This bad habit will cost you a lot in trading
« Reply #81 on: September 28, 2024, 05:05:59 PM »


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Re: This bad habit will cost you a lot in trading
« Reply #82 on: September 28, 2024, 10:23:28 PM »
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
Trading that against the trend would really be just that hard on which it would really be something that will really be giving out that kind of moment that you would really be making up
bad trades just because of the trend that you are really that trying out to oppose. We do know that going with the flow will really be your best call when it comes into this aspect.
You would be able to find for yourself on which one would really be that effective when it comes into this manner. This is why it is really that ideal on making out such adjustments
on the time or moment that you do learn up something.
Well, trading it against the market is normally very dangerous and people end up making wrong choices most of the time. It is better to go with the trend as striving to leverage the existing trend has proven to be successful. To this it is crucial to be always prepared to adapt and to change the course of action depending on the lessons that were obtained from practice. It also helps them to have a clue on how best to operate in the markets hence increasing their opportunities of success in the future.
You would really be able to discover out on what are the things that you would really be needing to do on the time that you will be able to gain up such experience.
It will really be just that matter on how a certain trader or individual would really be making out adjustments basing up on the things that we do learn along the way.
Bad habits are normal but it would really be that common sense that you would really be trying out to adjust because no one really likes to lose up continously and it will
really be just that instinct that we would be learning up from our mistakes.

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Re: This bad habit will cost you a lot in trading
« Reply #83 on: October 03, 2024, 07:29:16 PM »

You would really be able to discover out on what are the things that you would really be needing to do on the time that you will be able to gain up such experience.
It will really be just that matter on how a certain trader or individual would really be making out adjustments basing up on the things that we do learn along the way.
Bad habits are normal but it would really be that common sense that you would really be trying out to adjust because no one really likes to lose up continously and it will
really be just that instinct that we would be learning up from our mistakes.
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.

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Re: This bad habit will cost you a lot in trading
« Reply #84 on: October 17, 2024, 09:56:30 PM »
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.

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Re: This bad habit will cost you a lot in trading
« Reply #85 on: October 27, 2024, 01:01:33 PM »
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.
Dependence on market only is not a very good option since markets are always fluctuating with passing time. After establishing that you are a trader, the next step that is relevant as is all about safety and success is to find out the best strategy to use. Taking time before entering a trade is very important because it limits us to higher risk margins and allows us to fully exploit gains. Adding up the methods of trading also offer more effective results because we are able to adapt to the different market.

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Re: This bad habit will cost you a lot in trading
« Reply #86 on: October 27, 2024, 05:30:15 PM »
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.
The market can change in a split second, which means we have to be prepared for such a situation, and the strategy we use in trading must also be adjusted to market conditions, do not force yourself to enter when analyzing and then the market changes.

Experience will be very useful in situations like this, because with experience we are able to make wiser decisions, this is why we have to learn from experience.

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Re: This bad habit will cost you a lot in trading
« Reply #87 on: October 27, 2024, 07:42:52 PM »
You are right, we have to learn from mistakes in both trading and investing. I also tried several methods and strategies that I adjusted to market conditions. because everyone has a plan and strategy but sometimes we change it because of the fluctuating crypto market conditions.
We can't entirely give a total reliability on the market because it changes over the times and as trader devising a best trading strategies also really helps because it would safe at lot than jumping into any trade without proper analysis to know whether is trap or not. So it's important to adjust in a particular method of trading to another methods with the hope that it would yield profits to them while trading.
The market can change in a split second, which means we have to be prepared for such a situation, and the strategy we use in trading must also be adjusted to market conditions, do not force yourself to enter when analyzing and then the market changes.

Experience will be very useful in situations like this, because with experience we are able to make wiser decisions, this is why we have to learn from experience.
Experience is always the best and I will never despised experience and it's a great teacher, when trading we should always add experience together and correct our mistakes because with experience we would never go to what we have past, for instance if we noticed that our previous strategy is leading us to Lose we can easily make adjustments to a newer strategy while learning from the our past experience, therefore experience is what we must learned from and make our future corrections.

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Re: This bad habit will cost you a lot in trading
« Reply #88 on: October 27, 2024, 07:48:51 PM »
Experience is always the best and I will never despised experience and it's a great teacher, when trading we should always add experience together and correct our mistakes because with experience we would never go to what we have past, for instance if we noticed that our previous strategy is leading us to Lose we can easily make adjustments to a newer strategy while learning from the our past experience, therefore experience is what we must learned from and make our future corrections.

It's essential to play it all responsibly and keep your head cool while the market may bleed or do some corrections to your positions.
Always consider putting some stop losses in case of trouble and remember to stay vigilant if things don't go your way. Always adjust the risks attached to it.

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Re: This bad habit will cost you a lot in trading
« Reply #89 on: October 27, 2024, 08:44:56 PM »
We all know that attitude is a friend.  So we don't trade against it, if we trade against the trend, the risk increases.  A trader always understands the trend and plans according to it, we should trade the trend at the right time and not according to the trend.  Trading is not easy, but if you trade with patience and understand the trend, you will see good profit in it.
Right, Those who invest between trend and hype lose most of the time because hype starts in the market when everyone panics over it and starts investing.  And it doesn't last long.  Those who invest in the coin before the hype starts can gain because they sell their coins after the hype starts when the market price of that coin increases a lot.  So only those who are trading experts can predict in advance which coin may start hype.  And those who can analyze the market very well.  They are professional traders.  Trading is not an easy thing and not everyone is able to make good quality profits from it.
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