This bad habit will cost you a lot in trading

[DragonF]

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.

Some traders lack understanding of the market trend. They find the market graph difficult to read and follow, so their trading decisions are based on their perception of the market trend rather than the actual market trend. Traders who trade based on their perceptions of market trends rather than actual market trends will struggle to profit from the market.

The first step toward becoming a successful trader is to understand the market trends. All market analysis must take into account market trends, both past and present, because this is what allows traders to predict what the future market trend will be. Thus, a trader must understand market trends.

[Celsius]

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?

Although I have not started trading yet, I think this advice will be very useful for me. For those who trade trending cryptocurrencies, it is not safe to trade without market analysis. Any coin can be trending at any time, but if you do not have proper knowledge about the analysis and price movement of that coin, then you will definitely face losses when trading.

[doc]

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?

Although I have not started trading yet, I think this advice will be very useful for me. For those who trade trending cryptocurrencies, it is not safe to trade without market analysis. Any coin can be trending at any time, but if you do not have proper knowledge about the analysis and price movement of that coin, then you will definitely face losses when trading.

in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.

[LUCKMCFLY]

in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.

Yes, and based on experience, when we are trading, at least in the medium or long term, I like to use the Wyckoff method, it is much more precise and gives me good results. I could also say that when I use the Wyckoff method for smaller time frames it becomes more difficult , so I prefer to use some fundamentals of technical analysis that are much more appropriate, especially for scalping trading analysis. It seems to me to be more volatile but those fundamentals are met.

[doc]

in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.

Yes, and based on experience, when we are trading, at least in the medium or long term, I like to use the Wyckoff method, it is much more precise and gives me good results. I could also say that when I use the Wyckoff method for smaller time frames it becomes more difficult , so I prefer to use some fundamentals of technical analysis that are much more appropriate, especially for scalping trading analysis. It seems to me to be more volatile but those fundamentals are met.

The method you use is indeed good and more precise, but sometimes we see the market suddenly moving not according to our analysis. That's why I also sometimes hold, if the market is not so good for trading. I am not really focused on trading, only when I see a good market trend, I will trade.

[enwi]

in trading, it takes proper analysis so that we can decide to choose coins and develop strategies and sales targets from the coins we buy.
And many say that to be able to have good skills, it takes practice and always learning by making the right analysis and strategy.

Yes, and based on experience, when we are trading, at least in the medium or long term, I like to use the Wyckoff method, it is much more precise and gives me good results. I could also say that when I use the Wyckoff method for smaller time frames it becomes more difficult , so I prefer to use some fundamentals of technical analysis that are much more appropriate, especially for scalping trading analysis. It seems to me to be more volatile but those fundamentals are met.

The method you use is indeed good and more precise, but sometimes we see the market suddenly moving not according to our analysis. That's why I also sometimes hold, if the market is not so good for trading. I am not really focused on trading, only when I see a good market trend, I will trade.

The strategy of waiting for better conditions in order to commence with the trading activities is a wise approach especially when the market flips unexpectedly. Fluctuations in the price do not occur as per the planned strategies, which ultimately helps in minimising risks which occur while waiting for the right time. If the conditions are not yet so good to get involved in a transaction the rationale is to simply not participate but be ready to get involved only when the trend is clearer. Every trader has his own perception of the market and it would indeed be reasonable to change the pace of operations to other conditions which are considered more suitable.

[LUCKMCFLY]

The method you use is indeed good and more precise, but sometimes we see the market suddenly moving not according to our analysis. That's why I also sometimes hold, if the market is not so good for trading. I am not really focused on trading, only when I see a good market trend, I will trade.

That happens to me a lot with short-term trading, whenever I do short-term trading the market goes against me and everything goes wrong, so that's where I lose, and sometimes I get angry with myself, but in the end I have to accept that I didn't do the analysis well and that's why I lost, these things happen, I think that's just a matter of habit, the bad and most erratic thing I've done is continue doing operations when I lose like that, because most likely everything will go the same from then on.

[bayu7adi]

I have traded and followed the trend, it is not 100% accurate in line with what we expect... yes, sometimes short-term trading is quite troublesome because the guess is very difficult... or maybe I am not talented enough to be a short-term trader.. idk...

Currently I don't really care about the trend, what I care about is only buying when the bullish period has gradually finished... DCA is still the best practice for me, and it is suitable for the long term... of course it only applies to coins with good liquidity and has a strong community base.

[rizqillah]

I have traded and followed the trend, it is not 100% accurate in line with what we expect... yes, sometimes short-term trading is quite troublesome because the guess is very difficult... or maybe I am not talented enough to be a short-term trader.. idk...

Currently I don't really care about the trend, what I care about is only buying when the bullish period has gradually finished... DCA is still the best practice for me, and it is suitable for the long term... of course it only applies to coins with good liquidity and has a strong community base.

if I prefer to use the DCA method during the bearish season because I think it is the most appropriate for a holder.
if for traders to follow the trend by making the right analysis, it might be accurate and not fail. It all depends on each person's ability.
Becoming a trader or a holder is a choice for us and is adjusted to our abilities and the capital we have.

[LUCKMCFLY]

The strategy of waiting for better conditions in order to commence with the trading activities is a wise approach especially when the market flips unexpectedly. Fluctuations in the price do not occur as per the planned strategies, which ultimately helps in minimising risks which occur while waiting for the right time. If the conditions are not yet so good to get involved in a transaction the rationale is to simply not participate but be ready to get involved only when the trend is clearer. Every trader has his own perception of the market and it would indeed be reasonable to change the pace of operations to other conditions which are considered more suitable.

Strategies always have a positive effect , when things go wrong in trading and we wait for another entry, there will always be opportunities, the market is very benevolent, so if we trade and we have a good entry and we let it pass, we should not rush or regret it, there will always be others that we can enter, that is something that always happens and for me it happens in TTrading of all time frames , That is why trading has to be done Knowing how to do it.

[alltalk]

I have traded and followed the trend, it is not 100% accurate in line with what we expect... yes, sometimes short-term trading is quite troublesome because the guess is very difficult... or maybe I am not talented enough to be a short-term trader.. idk...

I assume most people trade by following the trends. It will be harder if we trade against the trend. You must choose the coins that probably increase in a short time. That's the point that we determine the coins for trading. Since we should take profits in a short time, following the trend is the right way. However, if you think it is difficult to do, you are better to focus on investment only.

Currently I don't really care about the trend, what I care about is only buying when the bullish period has gradually finished... DCA is still the best practice for me, and it is suitable for the long term... of course it only applies to coins with good liquidity and has a strong community base.

If you want to buy for holding a long term, you need to wait for the bearish season. It is not the right way to buy during the bullish season, even you buy at the end of the bullish season. DCA is good, but just apply it during the bearish season. 

[DavetJack]

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?

Although I have not started trading yet, I think this advice will be very useful for me. For those who trade trending cryptocurrencies, it is not safe to trade without market analysis. Any coin can be trending at any time, but if you do not have proper knowledge about the analysis and price movement of that coin, then you will definitely face losses when trading.

Yes, you should give your reasoning. Trading is not just about profit and loss, there is a lot of logic here. Before you start trading, you need to know about the market first. Trading is not something that anyone can profit from when they come here, it is wrong to think that. Because trading is not gambling, if you start trading whenever you feel like it, then you will definitely face losses. In my opinion, we need to gain a lot of knowledge about crypto currency, after knowing the market a lot, we should do it.

[Aanuoluwatofunmi]

For someone not be a trader, then you have to be a disciplined person, this is very important because it will go a long way in helping you acheive your targets as a trader and you will not be taking unnecessary actions base on your feelings without having a strong reason for doing that, also, there are targets we have to meet up with in our trading performance over time and the attitude we give towards trading will determine if we are going to achieve them or not.

[rizqillah]

For someone not be a trader, then you have to be a disciplined person, this is very important because it will go a long way in helping you acheive your targets as a trader and you will not be taking unnecessary actions base on your feelings without having a strong reason for doing that, also, there are targets we have to meet up with in our trading performance over time and the attitude we give towards trading will determine if we are going to achieve them or not.

what you said is right, in trading we must be disciplined and have a target.
because in trading we are always faced with bad emotions such as greed and fear. if we are not consistent with the target, we will lose the opportunity to get profit because greed makes us lose.

[DavetJack]

For someone not be a trader, then you have to be a disciplined person, this is very important because it will go a long way in helping you acheive your targets as a trader and you will not be taking unnecessary actions base on your feelings without having a strong reason for doing that, also, there are targets we have to meet up with in our trading performance over time and the attitude we give towards trading will determine if we are going to achieve them or not.

what you said is right, in trading we must be disciplined and have a target.
because in trading we are always faced with bad emotions such as greed and fear. if we are not consistent with the target, we will lose the opportunity to get profit because greed makes us lose.

In trading, we basically have to handle the person and be patient. Due to greed and patience, many of us could not make money properly in this trading, we faced more losses. There are many currencies in the crypto market from which we can make a lot of money by trading well. Especially when BTC pumped, prominent traders made a lot of money.