This bad habit will cost you a lot in trading

[LUCKMCFLY]

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.

It is not very true what you say, in fact it reminds me of Livermore's book which says that we should operate on the line of least resistance because that is where the market is heading, in other words, follow the trend, but sometimes it is not so easy, especially in very short time periods, in longer time periods it is better, but that depends on the type of trading you want to do.

The trading that we should do is the one that best suits us, sometimes we are naturally better in short periods, others in long periods, it also depends a lot on personality.

[satpol_PP]

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.

It is not very true what you say, in fact it reminds me of Livermore's book which says that we should operate on the line of least resistance because that is where the market is heading, in other words, follow the trend, but sometimes it is not so easy, especially in very short time periods, in longer time periods it is better, but that depends on the type of trading you want to do.

The trading that we should do is the one that best suits us, sometimes we are naturally better in short periods, others in long periods, it also depends a lot on personality.

Following the trend is the way I always do it, it's not easy, especially if we are late to enter.
but going against the trend is not a wise decision because it requires experience and accurate predictions.
determining the investment period, whether long or short, depends on what considerations we plan.
in investing in crypto we should have that plan and following the trend is the most appropriate for me.

[LUCKMCFLY]

Do you have never wondered that the owner of the VIP signal has already bought this signal for some cheap price after that making an announcement to the followers and after some time the owner of this group will resell it for some profit. Have you ever had such a thought in your mind?

 It is a fact , things are like that, in the case of the trader who makes the signals they have a software that analyzes everything and is capable of giving signals in hours and 1 minute, things seem to me that are difficult to do so that they can be predicted, for me it is very difficult to do trading at 1 minute and apart from everything it seems to me that the correct way is to do it live without analyzing for a longer time, that is, if I do trading at 1 minute it seems to me that it is extremely difficult to do it in the afternoon and at 1 minute, I don't know how they do it but the automatic signals work.

[enwi]

Do you have never wondered that the owner of the VIP signal has already bought this signal for some cheap price after that making an announcement to the followers and after some time the owner of this group will resell it for some profit. Have you ever had such a thought in your mind?

 It is a fact , things are like that, in the case of the trader who makes the signals they have a software that analyzes everything and is capable of giving signals in hours and 1 minute, things seem to me that are difficult to do so that they can be predicted, for me it is very difficult to do trading at 1 minute and apart from everything it seems to me that the correct way is to do it live without analyzing for a longer time, that is, if I do trading at 1 minute it seems to me that it is extremely difficult to do it in the afternoon and at 1 minute, I don't know how they do it but the automatic signals work.

Short term trading does involve high degree of accuracy and it is not always feasible to do it manually without arriving at some associated tools with professional qualification. Signal provider software and other automations are intended to analyse great amounts of information in a short period, and this provides us a chance to track sharp market changes. But it is crucial for us to consider the one which is more feasible for us and which method we are comfortable in using whether we select the automated tool or we want to spend more time doing our analysis on excel. Thus, it is possible to remain synchronised with the given trading style which we are effective in using.

[Aanuoluwatofunmi]

I believed that the best way of learning is to pick a particular idea or insight form others who have done something tangible before us and we have a lot to learn from their past experiences.

Trading is a bed full or roses, but only those who knows how to step on it will avoid bleeding and comfortably sleep on it, its a mature game whereby we take risk and know what we are doing is more likely to be well predicted on accuracy.

[emmybd]

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?

It depends on what type of trader you are. Because there are different techniques for long term trading and scalping. You have to move accordingly to your plan.

[LUCKMCFLY]

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.

For now the market is giving many turns, and of course when bitcoin goes up it means that it is very, very likely that altcoins will also go up in price, it is a fact that it could be like that, of course taking as a basis that when things try to give better profits the safe thing is btc, and some alts that can give up to 10x there are, but to know which one, that's the detail, therefore when we go to a plane that has to do with greed, that's the bad thing, because that's what throws our plans away in their entirety.

[Crypto Library]

For now the market is giving many turns, and of course when bitcoin goes up it means that it is very, very likely that altcoins will also go up in price, it is a fact that it could be like that, of course taking as a basis that when things try to give better profits the safe thing is btc, and some alts that can give up to 10x there are, but to know which one, that's the detail, therefore when we go to a plane that has to do with greed, that's the bad thing, because that's what throws our plans away in their entirety.

You are right, I agree with you. People who see that altcoins are making more profit than bitcoins, invest in altcoins in the hope of making more profit. And naturally, if they are new to crypto and have no knowledge about analysis, they will definitely make the wrong decision and face losses later. This happened to me in the beginning. And I think most newbies make such mistakes from time to time.
Apart from that, I think the altcoin season has not started yet because there has not been much pump seen among the altcoins yet.

[Chilwell]

Trading with markets trends is very important because it helps traders to identify the market's direction, and if a trader knows the direction of the markets, it will enable them to navigate the market smoothly and make informed decisions, without facing any issues or challenges. and By aligning with the trend, traders can minimize risks, maximize potential gains, and increase their chances of success.

[Ujok]

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.

It is not very true what you say, in fact it reminds me of Livermore's book which says that we should operate on the line of least resistance because that is where the market is heading, in other words, follow the trend, but sometimes it is not so easy, especially in very short time periods, in longer time periods it is better, but that depends on the type of trading you want to do.

The trading that we should do is the one that best suits us, sometimes we are naturally better in short periods, others in long periods, it also depends a lot on personality.

if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.

[dekafee79]

if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.

agreed in trading we have to choose which coin is suitable for short term and which one is suitable for long term hold. I agree with you bitcoin is a coin suitable for long term hold and some coins you mentioned I agree BONK, PEPE, DOGE and solana are suitable for short and medium term.

[doc]

For now the market is giving many turns, and of course when bitcoin goes up it means that it is very, very likely that altcoins will also go up in price, it is a fact that it could be like that, of course taking as a basis that when things try to give better profits the safe thing is btc, and some alts that can give up to 10x there are, but to know which one, that's the detail, therefore when we go to a plane that has to do with greed, that's the bad thing, because that's what throws our plans away in their entirety.

You are right, I agree with you. People who see that altcoins are making more profit than bitcoins, invest in altcoins in the hope of making more profit. And naturally, if they are new to crypto and have no knowledge about analysis, they will definitely make the wrong decision and face losses later. This happened to me in the beginning. And I think most newbies make such mistakes from time to time.
Apart from that, I think the altcoin season has not started yet because there has not been much pump seen among the altcoins yet.

the profit gained from investing in altcoin is greater than bitcoin but we know the risk of altcoin is greater and this is what makes many people suggest choosing the top altcoin. Maybe the profit is smaller but the risk level is lower.
Currently it seems that altcoin season has not arrived because there has not been much spike from altcoin only certain coins have managed to reach their ATH, it is likely that altcoin season will occur in Q1 next year.

[pieppiep]

if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.

agreed in trading we have to choose which coin is suitable for short term and which one is suitable for long term hold. I agree with you bitcoin is a coin suitable for long term hold and some coins you mentioned I agree BONK, PEPE, DOGE and solana are suitable for short and medium term.

Gaining a clearer picture of how material may be sorted according to potential timeframes does help with planning. Bitcoin is long term stable so it serves as the base while other more risky currencies can be used for moments with higher fluctuations in shorter time span. Looking at the issue in this manner, this means we can be better placed in the management of risk and returns, when there is a strategy like this.

Still, we need to keep track of the evolution of the project under each coin separately. This way we guarantee that we do not have to fear a given change in the market and are suitably qualified to maximize a given chance under present circumstances. The ability to merely balance between the profit and the risk will also require time and quality analysis on the syndicate’s side.

[dekafee79]

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.

It is not very true what you say, in fact it reminds me of Livermore's book which says that we should operate on the line of least resistance because that is where the market is heading, in other words, follow the trend, but sometimes it is not so easy, especially in very short time periods, in longer time periods it is better, but that depends on the type of trading you want to do.

The trading that we should do is the one that best suits us, sometimes we are naturally better in short periods, others in long periods, it also depends a lot on personality.

if we trade following market trends then it depends on what coin you are trading, if the coin you are buying and selling is bitcoin then it is better to hold it if you bought it when it was priced at $70k because bitcoin is the best coin for long-term investment and if you want to trade in the short term choose SOL, PEPE, BONK and DOGE coins in my opinion are suitable for the short term, but you have to be smart in analyzing or continue to monitor it so you don't miss the buying and selling moment.

I also read member comments that said trading against the market but specifically I do not know how, because I think the risk is greater. Satya always trades following market trends because my ability as an ordinary trader is not a professional, I only trade according to my ability.

[Crypto Library]

the profit gained from investing in altcoin is greater than bitcoin but we know the risk of altcoin is greater and this is what makes many people suggest choosing the top altcoin. Maybe the profit is smaller but the risk level is lower.
Currently it seems that altcoin season has not arrived because there has not been much spike from altcoin only certain coins have managed to reach their ATH, it is likely that altcoin season will occur in Q1 next year.

Altcoin investment is possible at the same rate as it is possible to gain profit, there is also the possibility of facing loss here. Speaking for myself, when I started my investment here in the crypto space, I started with an altcoin and by investing in that coin, I almost lost my capital, where I invested two hundred and fifty dollars, currently my fund value is only 30 dollars.
I just showed it as an example. Yes, of course, my investment method was wrong and that's why I ended up in this situation, but it's also true that most investors who are new to investing in altcoins end up in the same situation.