This bad habit will cost you a lot in trading

[SmartGold01]

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.

I am not too relaxed about the market because I know that the market would experience retracemenet therefore I don't give much attention to the exponential increase rather mostly concerned about my profits and if you watch currently you will understand that the market is trying to gain a bit stability to cross 90k. If you watch carefully you would understand that it is try to gain momentum to cross 90k to achieve the level of 100k which is very possible and likely to cross before Friday evening.

[Hisbullah]

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.

I am not too relaxed about the market because I know that the market would experience retracemenet therefore I don't give much attention to the exponential increase rather mostly concerned about my profits and if you watch currently you will understand that the market is trying to gain a bit stability to cross 90k. If you watch carefully you would understand that it is try to gain momentum to cross 90k to achieve the level of 100k which is very possible and likely to cross before Friday evening.

Yes it seems bitcoin is trying to cross 90K, but failed today and has reached ATH at $ 89,956. Let's see tomorrow how the bitcoin price moves if it touches $ 90K it is likely to reach ATH $ 100K by the end of this year. The extraordinary US presidential election, trump's victory has made the bitcoin market soar.

[LUCKMCFLY]

Consequently with targeted approach one can get more done without having to be always stomped in constant shocks of the market.

It is a fact, things in the Market must be very well focused, I Personally think that when we have to face the different phases of the market we should take Advantage of them , if we see that We have a clear vision of the market then we must negotiate because having that clarity sometimes costs a lot, when I see that I have clear and more secure entries I Operate , when I have enough Confirmations , I have learned that, based on fundamentals for the period, then I see that these things are very good to consider , Because in the end it is Money that we are Risking.

[bitterguy28]

Yes it seems bitcoin is trying to cross 90K, but failed today and has reached ATH at $ 89,956. Let's see tomorrow how the bitcoin price moves if it touches $ 90K it is likely to reach ATH $ 100K by the end of this year. The extraordinary US presidential election, trump's victory has made the bitcoin market soar.

it has now stayed in the $86k you are right that it briefly tried to reach $90k but it only got to $89k unfortunately for me i thought it could happen and i was not able to take advantage of the $89k but i am still pretty happy with the price i got my coins out of albeit a little lower than $89k now though we might see some correction happen and again just keep taking advantage of it and trust your instincts

once it goes down eventually im sure i would re enter the market and see it grow until it reach $100k either by the end of the year or early start of 2025

[bayu7adi]

it has now stayed in the $86k you are right that it briefly tried to reach $90k but it only got to $89k unfortunately for me i thought it could happen and i was not able to take advantage of the $89k but i am still pretty happy with the price i got my coins out of albeit a little lower than $89k now though we might see some correction happen and again just keep taking advantage of it and trust your instincts

once it goes down eventually im sure i would re enter the market and see it grow until it reach $100k either by the end of the year or early start of 2025

Some people are waiting for the moment when Trump will be inaugurated, they believe that at that moment the price of BTC will probably go up drastically... but I don't take that seriously enough at the moment, because Trump has been elected and everyone has already confirmed that the inauguration is part of the schedule...

What I am waiting for more is Trump's policy on cryptocurrency, that is really something that will affect the market... so that the policy that benefits cryptocurrency users will encourage more purchases, thus causing a BTC price pump.

[Ujok]

it has now stayed in the $86k you are right that it briefly tried to reach $90k but it only got to $89k unfortunately for me i thought it could happen and i was not able to take advantage of the $89k but i am still pretty happy with the price i got my coins out of albeit a little lower than $89k now though we might see some correction happen and again just keep taking advantage of it and trust your instincts

once it goes down eventually im sure i would re enter the market and see it grow until it reach $100k either by the end of the year or early start of 2025

Some people are waiting for the moment when Trump will be inaugurated, they believe that at that moment the price of BTC will probably go up drastically... but I don't take that seriously enough at the moment, because Trump has been elected and everyone has already confirmed that the inauguration is part of the schedule...

What I am waiting for more is Trump's policy on cryptocurrency, that is really something that will affect the market... so that the policy that benefits cryptocurrency users will encourage more purchases, thus causing a BTC price pump.

Now we are waiting for Donald Trump's obligations on what he promised during his campaign, but I think what Trump promised about digital currency will be realized so that the price of digital currency will increase, especially Bitcoin. Trump has a very big impact on digital currency, look when he was elected president, the price of Bitcoin immediately soared, even everyone is sure that in early 2025 Bitcoin will reach $100k

[densus88]

it has now stayed in the $86k you are right that it briefly tried to reach $90k but it only got to $89k unfortunately for me i thought it could happen and i was not able to take advantage of the $89k but i am still pretty happy with the price i got my coins out of albeit a little lower than $89k now though we might see some correction happen and again just keep taking advantage of it and trust your instincts

once it goes down eventually im sure i would re enter the market and see it grow until it reach $100k either by the end of the year or early start of 2025

Some people are waiting for the moment when Trump will be inaugurated, they believe that at that moment the price of BTC will probably go up drastically... but I don't take that seriously enough at the moment, because Trump has been elected and everyone has already confirmed that the inauguration is part of the schedule...

What I am waiting for more is Trump's policy on cryptocurrency, that is really something that will affect the market... so that the policy that benefits cryptocurrency users will encourage more purchases, thus causing a BTC price pump.

Now we are waiting for Donald Trump's obligations on what he promised during his campaign, but I think what Trump promised about digital currency will be realized so that the price of digital currency will increase, especially Bitcoin. Trump has a very big impact on digital currency, look when he was elected president, the price of Bitcoin immediately soared, even everyone is sure that in early 2025 Bitcoin will reach $100k

We are likely to see bitcoin price touch $100K by the end of this year, seeing the enthusiasm of crypto investors and the increasing demand due to Trump's victory in the US presidential election. When the vote count showed Trump winning, bitcoin reached a new ATH and then the price of bitcoin rose to touch $93K, this is evidence of the positive impact of Trump's victory.

[Aanuoluwatofunmi]

If we must be a good trader, then there is more expected from us, we have to make sure we put some things in place before starting, this could be the way of how we are being disciplined, the risk ability we have and the understanding factor which is a key required skills for learning how to trade, not giving attention on things like this are what causes many to fail in trading, because they cant manage to avoid the little challenges they could have controlled.

[LUCKMCFLY]

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.

It is very true, things when it comes to investments in altcoins you have to have a lot of knowledge, well at least that's how I see it, because investing in alts is knowing that they are going to go up, and that they may be close to doing so, but holding an alt is something that for me is having a lot of risk capacity, although of course sometimes you have to take risks, meme coins catch my attention, because there are people who operate and earn a lot, but I say that they are experts in pump and dump, honestly it is something that I admire, because I still don't know how those analyses are done.

[Crypto Library]

It is very true, things when it comes to investments in altcoins you have to have a lot of knowledge, well at least that's how I see it, because investing in alts is knowing that they are going to go up, and that they may be close to doing so, but holding an alt is something that for me is having a lot of risk capacity, although of course sometimes you have to take risks, meme coins catch my attention, because there are people who operate and earn a lot, but I say that they are experts in pump and dump, honestly it is something that I admire, because I still don't know how those analyses are done.

From my own experience, I have seen many people who invest in cryptocurrency only because of their greed. And most of them are in the same situation but many of them are very excited to invest despite not knowing the current analysis. And many people are investing in cryptocurrency only based on hype and trend without taking analysis knowledge or even basic knowledge. Those who invest in this way have suffered a huge amount of loss.

[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?

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.

It's really wrong to trade against the trend, and the only ones who usually do this are traders who don't think that much about trading in the crypto space we live in. Because if you have a broad understanding of trading, you won't do it for sure.

As long as possible, we will make a profit and not waste our assets, right? That's why it's so valuable that we have a deep knowledge of trading because it's not really easy to understand and learn, but once we get it and understand it, we can make a profit anytime.

[Hisbullah]

It's really wrong to trade against the trend, and the only ones who usually do this are traders who don't think that much about trading in the crypto space we live in. Because if you have a broad understanding of trading, you won't do it for sure.

As long as possible, we will make a profit and not waste our assets, right? That's why it's so valuable that we have a deep knowledge of trading because it's not really easy to understand and learn, but once we get it and understand it, we can make a profit anytime.

in trading I always follow the existing trend, I have no knowledge and experience in trading against the trend, but I read comments from members who trade against the trend, maybe they can share how to do it.
trading requires a good and precise plan and strategy to be honest I have no experience in trading against the trend.

[babo]

you can't improvise to be a trader, it's a job that requires time, patience and a lot of experience
I bought some technical analysis books, but in some cases they are worthless
in certain cases it is the external, political, geopolitical and macroeconomic conditions that dictate the short-term trend

[Themepen]

in trading I always follow the existing trend, I have no knowledge and experience in trading against the trend, but I read comments from members who trade against the trend, maybe they can share how to do it.
trading requires a good and precise plan and strategy to be honest I have no experience in trading against the trend.

Trading against trend is generally not recommended because it can lead to significant losses. If we take look on experienced traders so we will see that they firstly understand importance of aligning their strategies with market trends. Having deep understanding of trading principles and concepts is every important for making informed decisions and maximizing profits. So good traders always take a grip on trends and look and then they trade.

[dekafee79]

in trading I always follow the existing trend, I have no knowledge and experience in trading against the trend, but I read comments from members who trade against the trend, maybe they can share how to do it.
trading requires a good and precise plan and strategy to be honest I have no experience in trading against the trend.

Trading against trend is generally not recommended because it can lead to significant losses. If we take look on experienced traders so we will see that they firstly understand importance of aligning their strategies with market trends. Having deep understanding of trading principles and concepts is every important for making informed decisions and maximizing profits. So good traders always take a grip on trends and look and then they trade.

Agreed, to become a professional trader we should follow the trend and take advantage of it.
Going against the trend will risk causing losses, I have never tried it. because my mentor always said to follow the current trend and don't try to fight it because the risk will make you lose capital. I always remember the mentor's message.