This bad habit will cost you a lot in trading

[SmartGold01]

It is something common in trading and we must experience loser, do I say is something natural that regularly occur while trading and anyone who does not know how to manage their trade or do proper analysis would definitely loss while trading. Lose even mostly happens to reputable traders because if they do any wrong analysis it would result losing big time.

It is very true, without going too far, this week I experienced a loss that has been difficult for me to recover from, the truth is that I made many mistakes at once and that made me angry with myself, because I fell into that error of "I think this will happen" and by doing that and making operations without foundation, I lost a lot, and that is something that is difficult for me to receive again, so I determined that if I last approximately 40 minutes and I make 1 good operation, then I leave it for now, and if I see that I am trading and I don't see anything, then I go to another time during the day.

Yes so it's important to have a targets trade or better entry point because when you don't focused on your trading and doing proper analysis lost is inevitable to come sooner or later, that is why while trading one doesn't have to spend the entire 24 hrs trading because, sometimes the more you spend time the more you lose more in trading but with some targeted trade you can achieve alot without even incurring much lost while trading.

[Gposas]

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 may not really understand what you mean by counter-trend because even the trend is determined by the price mechanism of buying and selling which happens in respect of the effects of traders.
When the market tends to move downwards (bullish) it is obvious that this effect is caused by the result of heavy sellout from traders while these traders are busy selling, we see others buying as the price is low even wanting to buy more at the dip...
At a massive sell... There's a corresponding buy.

On the other hand, when the price begins to give a green candlestick, there are traders who buy hoping the price will go higher as there are also traders who correspondingly sellout speculating that the price may likely go bearish again.

This simply states that no matter the trend of the market there are those who buy and those who also sell.... Expressing the trend and counter-trend of the market..
But all strategy depends solely on the individual trader.

[malah]

It is something common in trading and we must experience loser, do I say is something natural that regularly occur while trading and anyone who does not know how to manage their trade or do proper analysis would definitely loss while trading. Lose even mostly happens to reputable traders because if they do any wrong analysis it would result losing big time.

It is very true, without going too far, this week I experienced a loss that has been difficult for me to recover from, the truth is that I made many mistakes at once and that made me angry with myself, because I fell into that error of "I think this will happen" and by doing that and making operations without foundation, I lost a lot, and that is something that is difficult for me to receive again, so I determined that if I last approximately 40 minutes and I make 1 good operation, then I leave it for now, and if I see that I am trading and I don't see anything, then I go to another time during the day.

Yes so it's important to have a targets trade or better entry point because when you don't focused on your trading and doing proper analysis lost is inevitable to come sooner or later, that is why while trading one doesn't have to spend the entire 24 hrs trading because, sometimes the more you spend time the more you lose more in trading but with some targeted trade you can achieve alot without even incurring much lost while trading.

Well, It is always very crucial to have a clear and specific trading target and entry level, since by doing a proper analysis of the market we can always reduce the chances of making a loss. Refusing to spending too much time in the market leads us to keep the work in balance as much as possible so that we are able to make the result we want with less efforts and pressure. Consequently with targeted approach one can get more done without having to be always stomped in constant shocks of the market.

[LUCKMCFLY]

I have also mentioned that in my post because it is true that large market cap coins are more trustable for investing but even then they have the risk because large-market cap don't remove their volatility so that they have also risk of losses. And that is the reason I have also said even then they have large marketcap and place on the top rank we must need the analysis skill for having the profit from the trading.

It is very wise what you say, we as people who trust the safest currencies, for example the alts that I would trust the most would be ETH, because it is one of the currencies that I think has the 2nd place after BTC and if we look at the chart shown in this currency it is almost the same as BTC, so for me it is the alt currency that seems most trustworthy to me, however it is as you say , the Capitalization is high , but the volatility is also, and that can significantly affect this , therefore every time we are operating this Crypto we must consider that it can collapse at any Moment,  because nothing is certain, for me what is certain is BTC.

[Crypto Library]

It is very wise what you say, we as people who trust the safest currencies, for example the alts that I would trust the most would be ETH, because it is one of the currencies that I think has the 2nd place after BTC and if we look at the chart shown in this currency it is almost the same as BTC, so for me it is the alt currency that seems most trustworthy to me, however it is as you say , the Capitalization is high , but the volatility is also, and that can significantly affect this , therefore every time we are operating this Crypto we must consider that it can collapse at any Moment,  because nothing is certain, for me what is certain is BTC.

The thing what I believe about the Cryptocurrency is it is not a quick rich scheme so that we will get rich man after investing here some money. And here if we do the investment on the Bitcoin or altcoin like Ethereum then the profit amount will be lower but about the losses you can gain 100% profit if you hold for long-term.
And what I think about the others peoples who are invseting on the others altcoins and the memecoin for getting huge revenue from their investment they things that may be they can become millioners by investing on altcoin but end of the day we saw that they loss their fund with their capitals.

[dekafee79]

It is very wise what you say, we as people who trust the safest currencies, for example the alts that I would trust the most would be ETH, because it is one of the currencies that I think has the 2nd place after BTC and if we look at the chart shown in this currency it is almost the same as BTC, so for me it is the alt currency that seems most trustworthy to me, however it is as you say , the Capitalization is high , but the volatility is also, and that can significantly affect this , therefore every time we are operating this Crypto we must consider that it can collapse at any Moment,  because nothing is certain, for me what is certain is BTC.

The thing what I believe about the Cryptocurrency is it is not a quick rich scheme so that we will get rich man after investing here some money. And here if we do the investment on the Bitcoin or altcoin like Ethereum then the profit amount will be lower but about the losses you can gain 100% profit if you hold for long-term.
And what I think about the others peoples who are invseting on the others altcoins and the memecoin for getting huge revenue from their investment they things that may be they can become millioners by investing on altcoin but end of the day we saw that they loss their fund with their capitals.

I agree with what you said if we want to achieve 100% profit, we can hold long term by buying during bearish season. because investing in crypto does not make us rich quickly in a few weeks. Newbies hope to get big profits and get rich quickly by investing in meme coins but because they have no experience in making analysis they end up losing, because meme coins are very risky.

[Rubel007]

This simply states that no matter the trend of the market there are those who buy and those who also sell.... Expressing the trend and counter-trend of the market..
But all strategy depends solely on the individual trader.

Different traders have different strategies in trading. So it's not unusual for one person's strategy to be inconsistent with another's. What the OP meant about trending is that trading against the trend and making a profit would be somewhat difficult. When the market is in a bullish movement, it can be difficult for one to buy and profit from it i.e. it is somewhat difficult to profit against the normal movement of the market, although this should not be the case in all cases. Because only when a trader takes risk will he have the possibility to profit. In that case there can be either profit or loss. A trader must not rely on one strategy for trading. In order to profit from trading, a trader has to constantly change trading strategies, otherwise the chances of losing increase.

[Crypto Library]

I agree with what you said if we want to achieve 100% profit, we can hold long term by buying during bearish season. because investing in crypto does not make us rich quickly in a few weeks. Newbies hope to get big profits and get rich quickly by investing in meme coins but because they have no experience in making analysis they end up losing, because meme coins are very risky.

Yeap even if a person don't have much knowledge on crypto and analysis if they have invested on bitcoin for longterm they must have profit even if they got low profit they will not have the losses. But here some facts are also working if that person invest in bull season and want they will have big profit they are in misconception.
For getting high profit you must have invest on the bear season and for knowing the bear season and when it will arise you must have the basic knowledge about bitcoin this is really simple you just need to saw the past price record of bitcoin.

[kulkhan]

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?

Actually understand and know about market trend is very important for trade. Market Trend important because if we unable to understand trend then we will do mistake in trade and we will loss our valuable fund there has no doubt.

Counter-trend trading is very dangerous because any time traders can fall in big loss. First time when i was new in trading then i could not understood about market trend anf i made some counter-trend trade and i was lost my fund.

[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?

Actually understand and know about market trend is very important for trade. Market Trend important because if we unable to understand trend then we will do mistake in trade and we will loss our valuable fund there has no doubt.

Counter-trend trading is very dangerous because any time traders can fall in big loss. First time when i was new in trading then i could not understood about market trend anf i made some counter-trend trade and i was lost my fund.

in trading I always follow the trend because I don't dare to go against the current, because the risk is very high.
We must understand the market trend and try to follow it in order to make a profit. I often do scalping when the market goes down and up, this is how I respond to changing market conditions.

[LUCKMCFLY]

Yes so it's important to have a targets trade or better entry point because when you don't focused on your trading and doing proper analysis lost is inevitable to come sooner or later, that is why while trading one doesn't have to spend the entire 24 hrs trading because, sometimes the more you spend time the more you lose more in trading but with some targeted trade you can achieve alot without even incurring much lost while trading.

It's a fact, things are like that, I still haven't been able to recover what I lost because I thought I knew everything, every day I do 1 or 2 operations only because I haven't seen good things, I always like to operate rejection candles or parity candles, it's what I feel most secure about, however, intraday trading is good because it is more opportune for the movements to occur, now it is worth trading any alt/btc because the trend is to go up, so this is very good in the approach that is taken, it is very likely that now the operations that occur will be on the rise.

[SmartGold01]

Yes so it's important to have a targets trade or better entry point because when you don't focused on your trading and doing proper analysis lost is inevitable to come sooner or later, that is why while trading one doesn't have to spend the entire 24 hrs trading because, sometimes the more you spend time the more you lose more in trading but with some targeted trade you can achieve alot without even incurring much lost while trading.

It's a fact, things are like that, I still haven't been able to recover what I lost because I thought I knew everything, every day I do 1 or 2 operations only because I haven't seen good things, I always like to operate rejection candles or parity candles, it's what I feel most secure about, however, intraday trading is good because it is more opportune for the movements to occur, now it is worth trading any alt/btc because the trend is to go up, so this is very good in the approach that is taken, it is very likely that now the operations that occur will be on the rise.

Currently market is on the bull trend and whatever trades anyone does now is likely to be yielding profits be it alt/btc or whatever, surely there will be profits. But what I am mostly concerned is that we shouldn't be that relaxed while trading, we can take profits from every single trade instead of opening long position for the market due to uncontrollably surge in the market. I also know that most traders has positioned themselves to be in the 100k benchmark which the market might likely have a retracement to gain momentum to hit back to 100k but let us watch and see how the Market moves.

[bettercrypto]

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?

If you know something about trading, it doesn't matter if the market is bearish or bullish, because you know to yourself that you can get a profit from the trading activity you will do. That's the advantage if you are knowledgeable in trading particularly here in the crypto space.

That's why it's not allowed to be ignorant of trading, because it's like a job that should really study and learn the things that we can use as
a tool to obtain profit being a trader.

[Publictalk792]

Currently market is on the bull trend and whatever trades anyone does now is likely to be yielding profits be it alt/btc or whatever, surely there will be profits. But what I am mostly concerned is that we shouldn't be that relaxed while trading, we can take profits from every single trade instead of opening long position for the market due to uncontrollably surge in the market. I also know that most traders has positioned themselves to be in the 100k benchmark which the market might likely have a retracement to gain momentum to hit back to 100k but let us watch and see how the Market moves.

You are right market is doing well now but we should not get too comfortable. We need to stay careful and have plan. Taking profits from each trade is smarter than holding onto them for too long. This helps avoid big losses if market suddenly changes. Many traders think market will reach $100000 but we should be prepared for surprises. Market is unpredictable. Let's keep close eye on market and change our plans if needed.

[LUCKMCFLY]

I agree with what you said if we want to achieve 100% profit, we can hold long term by buying during bearish season. because investing in crypto does not make us rich quickly in a few weeks. Newbies hope to get big profits and get rich quickly by investing in meme coins but because they have no experience in making analysis they end up losing, because meme coins are very risky.

I see meme coins for what they are, they are a pump and dump, nothing more, from there on things can happen differently, I personally think that when there are more ways of seeing things it is necessary to consider them to operate, for example bitcoin is now in a bullish trend, thanks to the US elections and that Trump won it is a fact that btc rose and will probably continue to grow in price , given this many things can be considered first that every time it is taken into account that bitcoin is going to be bought with the DCA method it is done without restriction, what interests us is to Accumulate and accumulate.