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Author Topic: This bad habit will cost you a lot in trading  (Read 12809 times)

Online LUCKMCFLY

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Re: This bad habit will cost you a lot in trading
« Reply #210 on: December 29, 2024, 09:04:55 PM »

I also predict DOGE will skyrocket next year, Elon Musk is a good friend of Trump and there will likely be good policies from Trump for crypto.
and we know Elon supported DOGE in the past, it is likely that next year this will happen again so you should hold your DOGE and wait until next year.

It is very true, things with Doge can explode next year, as long as it has been waited so long, it does not cost much to wait for next year which is only a few days away and wait for Trump to get on board and that's it, then it is a matter of Elon Musk remembering the currency and saying something positive and we see it rise like foam, that will happen, so in view of this we must be patient, and what we have to do is nothing, so in view of these things we have to adapt to what we always do, which is to be patient and hold on to this currency.

There are many who have faith in memecoins, for me Doge is the mother of all memecoins.
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Re: This bad habit will cost you a lot in trading
« Reply #210 on: December 29, 2024, 09:04:55 PM »

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Offline dekafee79

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Re: This bad habit will cost you a lot in trading
« Reply #211 on: December 29, 2024, 10:35:00 PM »

I also predict DOGE will skyrocket next year, Elon Musk is a good friend of Trump and there will likely be good policies from Trump for crypto.
and we know Elon supported DOGE in the past, it is likely that next year this will happen again so you should hold your DOGE and wait until next year.

It is very true, things with Doge can explode next year, as long as it has been waited so long, it does not cost much to wait for next year which is only a few days away and wait for Trump to get on board and that's it, then it is a matter of Elon Musk remembering the currency and saying something positive and we see it rise like foam, that will happen, so in view of this we must be patient, and what we have to do is nothing, so in view of these things we have to adapt to what we always do, which is to be patient and hold on to this currency.

There are many who have faith in memecoins, for me Doge is the mother of all memecoins.
I also think so, the price of DOGE will soar next year after Trump is inaugurated as US president because we know Elon Musk is very close to Trump and supports DOGE, the price of DOGE will likely increase. DOGE as a meme coin that has high popularity will follow the increase in the price of bitcoin next year and that is no doubt as long as there is no negative news attacking crypto next year, the prediction that the price of bitcoin will soar is likely to happen.

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Re: This bad habit will cost you a lot in trading
« Reply #211 on: December 29, 2024, 10:35:00 PM »

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Online LUCKMCFLY

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Re: This bad habit will cost you a lot in trading
« Reply #212 on: December 30, 2024, 08:04:03 PM »
As long as anyone has an idea for conducting trading activities, this is also for us in the future, and remain vigilant at all costs.

This is very true and when we focus on when it can be, it is very difficult to predict, really all Doge pumps are unexpected, it is always like that, so in view of this observation, we will be following all our investments is something we should do.

Now with all this that is very recent, the Trump thing, his great friendship with Elon Musk, all this will bring good news for them, then Elon Musk will have more power, because he has had monetary money ,  now he will have another type of power that goes much further and that is something that will be very useful to Doge investors.
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Offline SmartGold01

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Re: This bad habit will cost you a lot in trading
« Reply #213 on: January 06, 2025, 09:24:39 PM »
As long as anyone has an idea for conducting trading activities, this is also for us in the future, and remain vigilant at all costs.

This is very true and when we focus on when it can be, it is very difficult to predict, really all Doge pumps are unexpected, it is always like that, so in view of this observation, we will be following all our investments is something we should do.

Now with all this that is very recent, the Trump thing, his great friendship with Elon Musk, all this will bring good news for them, then Elon Musk will have more power, because he has had monetary money ,  now he will have another type of power that goes much further and that is something that will be very useful to Doge investors.
Don't you think Elon would be target to launch another project by now? Who knows if he would reveal it by the he would resume office, of course Elon musk is so unpredictable in way that you would never know his plans towards any projects or about to launch coin especially now that he D.O.G.E. what do you think of him because I know lots of things are cooking underway.

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Re: This bad habit will cost you a lot in trading
« Reply #214 on: January 06, 2025, 10:17:26 PM »
When we are into trading and begin to see the manifest of some of these actions we are taking, then no one will tell us to take a review on them and check whether they are still worth it or not, because gambling is not what we can be doing when we are expected to be on real time trade, except we place no value on our money we are using for that particular trade, we should be improving on every sides each time we are trading and not getting worse on it.

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Re: This bad habit will cost you a lot in trading
« Reply #215 on: January 07, 2025, 07:01:16 AM »

I also predict DOGE will skyrocket next year, Elon Musk is a good friend of Trump and there will likely be good policies from Trump for crypto.
and we know Elon supported DOGE in the past, it is likely that next year this will happen again so you should hold your DOGE and wait until next year.

It is very true, things with Doge can explode next year, as long as it has been waited so long, it does not cost much to wait for next year which is only a few days away and wait for Trump to get on board and that's it, then it is a matter of Elon Musk remembering the currency and saying something positive and we see it rise like foam, that will happen, so in view of this we must be patient, and what we have to do is nothing, so in view of these things we have to adapt to what we always do, which is to be patient and hold on to this currency.

There are many who have faith in memecoins, for me Doge is the mother of all memecoins.
I also think so, the price of DOGE will soar next year after Trump is inaugurated as US president because we know Elon Musk is very close to Trump and supports DOGE, the price of DOGE will likely increase. DOGE as a meme coin that has high popularity will follow the increase in the price of bitcoin next year and that is no doubt as long as there is no negative news attacking crypto next year, the prediction that the price of bitcoin will soar is likely to happen.
I strongly believe that the next 4 years of Trump's leadership will bring the good atmosphere of cryptocurrency space and the steps he will take during this period will create a reliable position for crypto. If the plan to make Bitcoin a strategic reserve is implemented soon, we may get some better new plans from them in the future. During Trump's time, Elon Musk will definitely be able to make a good plan for his Doge by keeping a good relationship with the government ‍and if something like that happens, then this year we will be able to see a big rising movement for Doge.

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Re: This bad habit will cost you a lot in trading
« Reply #216 on: January 07, 2025, 08:45:21 AM »
When we are into trading and begin to see the manifest of some of these actions we are taking, then no one will tell us to take a review on them and check whether they are still worth it or not, because gambling is not what we can be doing when we are expected to be on real time trade, except we place no value on our money we are using for that particular trade, we should be improving on every sides each time we are trading and not getting worse on it.

The discipline in the sessions is our thing to master. Responsibility doesn't come cheap - it thrives in environments that are high of risk, like trading that we discuss. And when we are experienced, we understand well what can happen there.

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Re: This bad habit will cost you a lot in trading
« Reply #216 on: January 07, 2025, 08:45:21 AM »


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Re: This bad habit will cost you a lot in trading
« Reply #217 on: January 07, 2025, 08:54:23 AM »
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?

Though some advanced traders trades against the trend, it's still not advicible. Trading against the trend will put you into more risk than trading will expose you to. The best practice as a trader is to trade along side a current trend. Also you should make sure to look at the market from a bigger perspective view. Most time the trends in the htf might signify buy or sell but then the lower time frame significantly shows something else which will put you at risk of losing a well planned trade. Trading with all time frame in same trend will likely increase your win ratio more.

In my opinion, trading with lower time frame can significantly help to achieve a small profit target rates over times especially when your are a day trader or a scalper.
For example, if you're trading on a High Time Frame, it is more likely that you may be aiming at a bigger profit rates, or an indications of a bullish momentum that may continue for some time in near future.
I have not heard of 'all time frame', but I think you're referring to trading with all available market timing to maximize profits.

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Re: This bad habit will cost you a lot in trading
« Reply #218 on: January 07, 2025, 11:38:17 AM »
Do you only trade according to the trend or you counter-trend trade from time to time?
I often avoid following the trend as that's not my way of trading. I believe to trade against the trend and hold my positions to earn some profits overtime.

I'm not a day trader but someone who believes in holding if my profits percentages doesn't reaches and if market goes further down then I do averaging to increase my profits and decrease my losses.

That way of trading is working for me and I hope it will work for me for long term. So far I have made some good profits and I make good profits on weekly to monthly basis with my own trading strategies and plans.

Smart money does the same, basically. With the condition that they are able to break the trends sometimes - and they can't do it for many times, so they just do it so it would work out for sure.
Following your own path is always great.

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Re: This bad habit will cost you a lot in trading
« Reply #219 on: January 13, 2025, 10:36:43 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?
to really be in the safe side trader will not trade in opposite side of the trend,if the trend is bullish you need to go long and also have in mind to buy and in higher price.
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Re: This bad habit will cost you a lot in trading
« Reply #220 on: January 28, 2025, 12:34:28 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?
to really be in the safe side trader will not trade in opposite side of the trend,if the trend is bullish you need to go long and also have in mind to buy and in higher price.
Knowing the trend will really be that somewhat crucial or something which it is really that important when you do make out some trades and this should really be that a basic stuff. On the time that you will be that going against the trend then most like you will be losing up some trades or totally be that losing up your trading capital on huge % on which this isnt that recommended that you will be having this kind of approach or having this kind of action. We do know that its easy to say to go with the trend but the hardest stuff to know is on how you would really be able to know about on how the market will be doing its reversal? This would be the tough spot.

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Re: This bad habit will cost you a lot in trading
« Reply #221 on: January 28, 2025, 12:58:57 PM »
Of course, if you are a trader and you know yourself that you know something about trading, you will definitely not buy or sell against the trend.
And no one else will do that.

And the only ones who can do this are traders who do not yet know trading knowledge, so even if you know only the basics,
you will still not do it in the end.
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Re: This bad habit will cost you a lot in trading
« Reply #222 on: January 28, 2025, 10:16:15 PM »
Of course, if you are a trader and you know yourself that you know something about trading, you will definitely not buy or sell against the trend.
And no one else will do that.

And the only ones who can do this are traders who do not yet know trading knowledge, so even if you know only the basics,
you will still not do it in the end.

It's about managing risks.
You would only enter once you have metrics and facts to speak up to act accordingly.

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Re: This bad habit will cost you a lot in trading
« Reply #223 on: January 30, 2025, 11:59:40 PM »
Of course, if you are a trader and you know yourself that you know something about trading, you will definitely not buy or sell against the trend.
And no one else will do that.

And the only ones who can do this are traders who do not yet know trading knowledge, so even if you know only the basics,
you will still not do it in the end.
Trading being what it is, it is in the nature of a person who is already familiar with the market to follow the trend. Acting against the trend, without some specific fundamental cause, can only add more unnecessary risks to the situation as is evident from the graph bellow depicting the current price trend. As for the experienced traders, they will steer clear of the decision, which is opposite to the trend, simply because they comprehend that the chances of success in such cases are significantly lower. However, in lack of such understanding, the people employed tend to go ahead making decisions without analysing the pattern in development. Therefore, it is extremely significant to learn enough about trading to avoid getting carried away by the emotions of trading and end landing in the wrong side of the wrong trade.

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Re: This bad habit will cost you a lot in trading
« Reply #224 on: January 31, 2025, 05:13:09 AM »
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?

The trend movement of the market is the very best way to out profits, otherwise, the market will look like an enemy who wants to take away every capital used for trading because you came in late or too early. This could be because of market reversal, which can end up taking you out of the market, if you're not always on the market screen watching the trends.

Those who trade against trends are those who are not always seating in front of the screen, cause the trend is where the money is hiding in any form of trading.

Scalpers are traders who make use of candles mostly, and short time frame, I don't think they take notice of trends that often, cause for them, every single candle is an opportunity for them to take an action.
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