This bad habit will cost you a lot in trading

[sampoerna]

Altcoin investment is possible at the same rate as it is possible to gain profit, there is also the possibility of facing loss here.

Because it will depend on how we manage our investment from various aspects, starting from the strategy we use, [coin selection, and also the time when we set the margin or place a position. All of this will have an effect. Even if the coins we choose are shit coins, but we understand when to enter and exit, then we might also be able to get big profits from these coins, especially those that are currently hyped, the profits can be hundreds of times. It's just that the risk is also too big to face.

and this is our job, besides determining what coins to invest in, it is also important for us to know when is the right time to enter and exit. and anyway, investment is where we put our money, so we must be prepared for the risk of loss, but that doesn't mean we give up and just accept the loss. we do our best to be able to develop a strategy so that we still profit.

[Crypto Library]

Because it will depend on how we manage our investment from various aspects, starting from the strategy we use, [coin selection, and also the time when we set the margin or place a position. All of this will have an effect. Even if the coins we choose are shit coins, but we understand when to enter and exit, then we might also be able to get big profits from these coins, especially those that are currently hyped, the profits can be hundreds of times. It's just that the risk is also too big to face.

and this is our job, besides determining what coins to invest in, it is also important for us to know when is the right time to enter and exit. and anyway, investment is where we put our money, so we must be prepared for the risk of loss, but that doesn't mean we give up and just accept the loss. we do our best to be able to develop a strategy so that we still profit.

I want to agree with you on this because if we do not have the right strategy in hand during the investment of altcoin, then it is natural that there will be a loss. This is not only the case of altcoin, it is also applicable to Bitcoin. Especially those of us who do short-term trading. In this case, we must have analysis skills because in this case, if we do not have analysis skills, then the possibility of losing is more in the strategy where we do not have it. In some cases, differences are seen, then I will say that it is just because of luck favoring.

[LUCKMCFLY]

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.

It's great that you have the ability to follow the trend. Sometimes it's happened to me that I can't follow the trend. When I don't think I have it, something happens and the market goes against me. I don't know, but sometimes to be able to follow the trend I have to do a lot of analysis, even watch the news. I use everything within my reach. Sometimes when I'm not sure , I see the analysis on TradingView, I see some of the analysis they do in the articles, I apply all of that.

[satpol_PP]

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.

It's great that you have the ability to follow the trend. Sometimes it's happened to me that I can't follow the trend. When I don't think I have it, something happens and the market goes against me. I don't know, but sometimes to be able to follow the trend I have to do a lot of analysis, even watch the news. I use everything within my reach. Sometimes when I'm not sure , I see the analysis on TradingView, I see some of the analysis they do in the articles, I apply all of that.

I also study trading view. In trading we have to take many references to be able to have the right strategy. because trading is not as easy as people imagine, I often experience losses because of wrong strategy formulation.
Trading following the trend can be done by observing and following several trading groups to learn which direction the market will move.
Even though we are not always right and sometimes experience defeat, at least the profit we get is greater than the loss. I am grateful for my trading skills.

[enwi]

I also study trading view. In trading we have to take many references to be able to have the right strategy. because trading is not as easy as people imagine, I often experience losses because of wrong strategy formulation.
Trading following the trend can be done by observing and following several trading groups to learn which direction the market will move.
Even though we are not always right and sometimes experience defeat, at least the profit we get is greater than the loss. I am grateful for my trading skills.

Indeed, trade education takes time to acquire, observation of the market, and the ability to learn from experience. It means that losses that are experienced can be useful in other ways and can help work out better methods for the next time. People can always follow these trends or use different sources of information to make more effective decisions. If we strengthen the identified tendencies, people will work extra efficiently, and we will succeed more frequently.

[Hisbullah]

I also study trading view. In trading we have to take many references to be able to have the right strategy. because trading is not as easy as people imagine, I often experience losses because of wrong strategy formulation.
Trading following the trend can be done by observing and following several trading groups to learn which direction the market will move.
Even though we are not always right and sometimes experience defeat, at least the profit we get is greater than the loss. I am grateful for my trading skills.

Indeed, trade education takes time to acquire, observation of the market, and the ability to learn from experience. It means that losses that are experienced can be useful in other ways and can help work out better methods for the next time. People can always follow these trends or use different sources of information to make more effective decisions. If we strengthen the identified tendencies, people will work extra efficiently, and we will succeed more frequently.

losses and failures will be an experience for us and we must correct the mistakes we make. Because by learning from our mistakes we can improve the analysis and strategies we use in trading, this also applies to us investing in crypto.
many people forget failure and do not learn from it, this is what makes them not better and expert in investing.

[LUCKMCFLY]

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.

It's true, and although I don't believe in trading whether it's done through bots, automated or something like that for simple reasons, it's not the same thing. Everything is based exclusively on technical analysis, there's no logic to the analysis, everything is based on analysis that is short-term, so it's difficult. Sometimes I prefer to do my trading with my own criteria, sometimes I study certain things, certain fundamentals and when I can I put them in my analysis to apply them. I prefer that a thousand times over software that tells me what to do.

[doc]

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.

It's true, and although I don't believe in trading whether it's done through bots, automated or something like that for simple reasons, it's not the same thing. Everything is based exclusively on technical analysis, there's no logic to the analysis, everything is based on analysis that is short-term, so it's difficult. Sometimes I prefer to do my trading with my own criteria, sometimes I study certain things, certain fundamentals and when I can I put them in my analysis to apply them. I prefer that a thousand times over software that tells me what to do.

In trading I also do not believe in bots because I think we should do our own analysis, strategize and have a plan and all done manually not using bots. but if we feel comfortable with bots just do it because the risk is borne by each.
I have been doing manual trading for more than 7 years and I enjoy it.

[enwi]

In trading I also do not believe in bots because I think we should do our own analysis, strategize and have a plan and all done manually not using bots. but if we feel comfortable with bots just do it because the risk is borne by each.
I have been doing manual trading for more than 7 years and I enjoy it.

Anyway, selecting a trading method is a decision which should be based on what can make us comfortable and confident. Manual analysis is the best choice if you want to prove dedication and hands-on involvement into all the decisions made, which is rewarding. There are people who are able to use bots, for others it may be helpful, but it doesn’t downplay the process that we go through manually. There are also Strengths and Weaknesses of each method and using the above philosophy, I believe that whatever is produced is a direct result of our own input.

[gunhell16]

when the market trend is an uptrend, traders will have to identify whether this uptrend can occur in the longer TF.

they confirm the uptrend when;

in the monthly chart the trend is going up.
in the weekly chart, the trend is going up
in the daily chart, the trend is going up.

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

if the trend if your friend, then you would likely be go long to profit. its always buy buy buy even when you are in the spot market.

I totally agreed on you to this matter dude, The best we can do is just buy as much as we can to buy the coins we want to buy. I really want to buy so many, even if it's not that big of an amount. It seems like I can't buy them all because I don't have enough money because I also budget my earnings here in the crypto space.

Until now, I felt jealous of people who have so much money that they are capable of buying potential altcoins in this field of the crypto industry.
While most of us here on the forum are trying to buy and save so that at least we have something to save for the bull run.

[LUCKMCFLY]

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.

You are right in what you say, investing in btc is always better left for the long term, I can see that one of the currencies has a lot of logic in that it can grow, of those the one that I see the greatest possibility of growing is Doge because Doge is Elon Musk's favorite and now Elon Musk has much more influence in the world with everything, even with the government, then in the next bull run of this currency I imagine it will be very big, then I follow you that Doge is a great option, I have doubts about Pepe, what do you base yourself on to say that these other currencies have a great possibility of growing?

[albon]

Trading is a zero sum game and only 5% of people actually make money consistently. All these people have an arsenal of trading strategies that they always use for some time and they have the discipline to follow it and adopt prudent risk management. So there is no such magic wand here. This is a business and significant wealth can be generated if you treat it as such. If you abuse it the markets will take everything from you. It is essential that we first understand what trend following means and understand the basics of why and how it works.

[satpol_PP]

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.

You are right in what you say, investing in btc is always better left for the long term, I can see that one of the currencies has a lot of logic in that it can grow, of those the one that I see the greatest possibility of growing is Doge because Doge is Elon Musk's favorite and now Elon Musk has much more influence in the world with everything, even with the government, then in the next bull run of this currency I imagine it will be very big, then I follow you that Doge is a great option, I have doubts about Pepe, what do you base yourself on to say that these other currencies have a great possibility of growing?

I still choose bitcoin as my main coin choice in investing, because I don't really like meme coins, so I only have a few meme coins in my wallet. DOGE is the most popular meme coin, this can also be a consideration / And we can also buy PEPE, this coin is also good enough to hold until next year.

[albon]

I still choose bitcoin as my main coin choice in investing, because I don't really like meme coins, so I only have a few meme coins in my wallet. DOGE is the most popular meme coin, this can also be a consideration / And we can also buy PEPE, this coin is also good enough to hold until next year.

Many of us have identified the price of dogecoin as saying that it could reach $1 in the future. Many people say that there is a risk of dumping because it is a meme coin. But i think elon musk has some new plans that could cause dogecoin price volatility. If we choose to hold meme coin then dogecoin will be the best in it. Already ethereum is pumping a lot so many altcoins will pump now. On the other hand, I failed to buy pepe token because of lack of fund already.

[LUCKMCFLY]

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.

You're right, in fact when the altcoin season is activated almost Everyone buys and buys altcoins generating a huge boom within the market, the last similar boom I saw in altcoins was in 2021 with NFT games and that was something temporary, I think they lacked a lot more order in that, if they had done well the NFT games would still be much better and with great Acceptance , but they Dedicated themselves to stealing and wreaking havoc, they really damaged everything , it was a total Shame, for many it was a time of losses.