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Author Topic: The hardest thing in trading  (Read 4984 times)

Offline emmybd

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Re: The hardest thing in trading
« Reply #90 on: November 07, 2024, 03:50:57 PM »
To be successful in trading, I believe one's approach should be both long term and short term. And he ought to maintain his portfolios accordingly. In this way, one can be successful.

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Re: The hardest thing in trading
« Reply #90 on: November 07, 2024, 03:50:57 PM »

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Offline gunhell16

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Re: The hardest thing in trading
« Reply #91 on: November 07, 2024, 05:07:59 PM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?

From what I have just noticed and seen, dude, there is no problem with what we study and learn in crypto trading, especially with the strategies we learn. What I really see as a problem is that when it comes to actual trade, that's where the problem really arises.

And this problem is the execution of what we have learned and learned from what we have studied in trading strategy. The strategy that we are using is correct; the problem is that the strategy is not applied correctly or correctly in its actual usage when it comes to the candlestick chart, and in addition to this, the analysis is also the same, whether technical or fundamental.
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Re: The hardest thing in trading
« Reply #91 on: November 07, 2024, 05:07:59 PM »

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Offline nakmantu99

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Re: The hardest thing in trading
« Reply #92 on: November 07, 2024, 06:17:42 PM »
Many say that trading to make a profit is quite difficult for most people... even many people lose because they make the wrong decision... to be able to improve our trading skills, at least we must first know where the difficulty lies or where the problem lies... then we can fix it at that point...

So, in your opinion, what is the most difficult thing for traders? , (both beginner traders and professional traders)... and have you thought about the solution if it turns out that you are interested in the world of trading?

From what I have just noticed and seen, dude, there is no problem with what we study and learn in crypto trading, especially with the strategies we learn. What I really see as a problem is that when it comes to actual trade, that's where the problem really arises.

And this problem is the execution of what we have learned and learned from what we have studied in trading strategy. The strategy that we are using is correct; the problem is that the strategy is not applied correctly or correctly in its actual usage when it comes to the candlestick chart, and in addition to this, the analysis is also the same, whether technical or fundamental.
The right strategy will produce maximum profit, but unfortunately sometimes our strategy does not match the market conditions that suddenly change so we have to change our strategy because the crypto market is very volatile and sometimes different from our analysis and predictions.
that's why experience and skills are needed in trading.

Offline LUCKMCFLY

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Re: The hardest thing in trading
« Reply #93 on: November 08, 2024, 01:42:12 AM »
It is by buying coins during bearish conditions in the market and selling coins upon better conditions to make good profits. The long-term trading is more comfortable to deal with as we do not have any pressure whether we will have a chance to start a high risk and at the same time, it is easier to get positive results.

At the moment, things with trading will undoubtedly be affected by what is coming in the US elections, but as you say, it is a very good method, to do long-term trading to be able to respond or have the capacity to react. If there is that analysis, then yes, that type of trading can be generated to take care of our funds. It is evident that a great cycle of uncertainty is coming now , Especially this November 5th , but it will be a trigger to go very high or to Really expect a fall in the price of btc and any alt.
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Offline densus88

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Re: The hardest thing in trading
« Reply #94 on: November 08, 2024, 06:20:24 PM »
It is by buying coins during bearish conditions in the market and selling coins upon better conditions to make good profits. The long-term trading is more comfortable to deal with as we do not have any pressure whether we will have a chance to start a high risk and at the same time, it is easier to get positive results.

At the moment, things with trading will undoubtedly be affected by what is coming in the US elections, but as you say, it is a very good method, to do long-term trading to be able to respond or have the capacity to react. If there is that analysis, then yes, that type of trading can be generated to take care of our funds. It is evident that a great cycle of uncertainty is coming now , Especially this November 5th , but it will be a trigger to go very high or to Really expect a fall in the price of btc and any alt.
The current market condition is quite good for trading because I see the price of bitcoin has touched ATH and is holding at $76K. The impact of the US presidential election is quite good for bitcoin and crypto at the moment, I start spending time monitoring and trading.
If you want to be safe in trading, we can choose long term, but currently because of high volatility I choose short term and focus on scalping to get faster profits.
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Re: The hardest thing in trading
« Reply #95 on: November 11, 2024, 12:14:35 PM »
It is by buying coins during bearish conditions in the market and selling coins upon better conditions to make good profits. The long-term trading is more comfortable to deal with as we do not have any pressure whether we will have a chance to start a high risk and at the same time, it is easier to get positive results.

At the moment, things with trading will undoubtedly be affected by what is coming in the US elections, but as you say, it is a very good method, to do long-term trading to be able to respond or have the capacity to react. If there is that analysis, then yes, that type of trading can be generated to take care of our funds. It is evident that a great cycle of uncertainty is coming now , Especially this November 5th , but it will be a trigger to go very high or to Really expect a fall in the price of btc and any alt.
The current market condition is quite good for trading because I see the price of bitcoin has touched ATH and is holding at $76K. The impact of the US presidential election is quite good for bitcoin and crypto at the moment, I start spending time monitoring and trading.
If you want to be safe in trading, we can choose long term, but currently because of high volatility I choose short term and focus on scalping to get faster profits.
Having looked at the market though we now observing that the competition has started heating up, I must admit that this kind of price surge comes with certain level of risk which I consider negative. We understand that an increase in the price of crypto makes users gain money; however, we cannot ignore the cumulative dangers. In this case we are relying on fleeting trends which obscure the conditions prevailing, and this high variability can cause our trading strategy to slip from our grasp.

But the hour is better that we are more careful and do not surrender to the enticing idea to make fast money that increases our interest and attraction. As seen scalping is profitable, however having so many factors influencing the price it would be beneficial for us to always remain alert. All the same, I think the opportunity is there but they had to think of the losses that may at any one time, we do not cut off our gains all together.
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Re: The hardest thing in trading
« Reply #96 on: November 11, 2024, 02:13:52 PM »
I have realized, that one of the hardest things in trading for me is to talk or force myself to sell altcoins with a price loss, to try to recover losses by other cryptocurrency growth. As not a frequent trader or investor, I find it mentally hard to sell with a loss. For me it was always better to think that altcoin I have bought and its price went down as a fail investment and come to terms with losing money. I have been holding dogecoin for long, bought them @33 cents. Saw today, that they have made already a nice growth, but still not enough, so I have decided to to sell and buy bitcoin instead. Previously, I would have held them till price returns to 33 cents, sell and forget like a bad dream. Forced myself to jump from dogecoin to bitcoin and keep holding.
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Re: The hardest thing in trading
« Reply #96 on: November 11, 2024, 02:13:52 PM »


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Re: The hardest thing in trading
« Reply #97 on: November 11, 2024, 09:29:27 PM »
I have realized, that one of the hardest things in trading for me is to talk or force myself to sell altcoins with a price loss, to try to recover losses by other cryptocurrency growth. As not a frequent trader or investor, I find it mentally hard to sell with a loss. For me it was always better to think that altcoin I have bought and its price went down as a fail investment and come to terms with losing money. I have been holding dogecoin for long, bought them @33 cents. Saw today, that they have made already a nice growth, but still not enough, so I have decided to to sell and buy bitcoin instead. Previously, I would have held them till price returns to 33 cents, sell and forget like a bad dream. Forced myself to jump from dogecoin to bitcoin and keep holding.
If you have difficulty selling your coins at a loss, you should hold them until the price goes up again. But the coins you have must be top coins or potential coins that have good projects, because if it's just an unpopular meme coin, we will have difficulty selling for profit, because meme coins for fast investment are not for holding, except for meme coins that are already popular.
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Re: The hardest thing in trading
« Reply #98 on: November 12, 2024, 01:17:37 AM »
The problem is when we don't understand this but just follow along because of FOMO, this is dangerous and the risk will be quite large. So whatever it is, make sure that we understand it and decide based on what is best for our own suitability. But also make sure that there are no regrets after the decision is taken.

There is no doubt about that, for me things are very clear, at the moment the fomo can increase, but it can increase with solid foundations, we know very well that the market has risen thanks to Trump winning and that now it is likely that the price will continue to rise gradually, in addition the things that can be generated are very good because it is heard that the war conflicts can now be resolved, possible solutions to the wars that exist are a fact, so this affects the market and positively, everything positive brings something positive and that is why now I say that very good things can come for btc.
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Re: The hardest thing in trading
« Reply #99 on: November 13, 2024, 10:59:53 PM »
If you have difficulty selling your coins at a loss, you should hold them until the price goes up again. But the coins you have must be top coins or potential coins that have good projects, because if it's just an unpopular meme coin, we will have difficulty selling for profit, because meme coins for fast investment are not for holding, except for meme coins that are already popular.
In particular, if we own a particular coin, and its value in our portfolio was reduced, it is sometimes reasonable simply to wait until its value rises again, particularly if the coin is a solid asset, and the project associated with it is promising. Generally those coins that fall under the leading category or those that include the basics are normally more likely to bounce back and generate profits in the future. Conversely meme coins are generally best for short term and are less sustainable if held for too long unless the meme coin already holds great sway and its own attraction like Doge, Pepe and others.

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Re: The hardest thing in trading
« Reply #100 on: November 14, 2024, 02:05:52 PM »
The current market condition is quite good for trading because I see the price of bitcoin has touched ATH and is holding at $76K. The impact of the US presidential election is quite good for bitcoin and crypto at the moment, I start spending time monitoring and trading.
If you want to be safe in trading, we can choose long term, but currently because of high volatility I choose short term and focus on scalping to get faster profits.
It is a very good option, in fact this makes me remember in 2017 when some friends of mine won a lot, and it was because bitcoin was going up in price and they won with any Cryptocurrency , they won everything because practically the market was in a bullish Trend , therefore when we are focused and we know that there is Confirmation of this, things are different , so since we are already in a good moment I am very happy that you are Making money from the market, keep it up because that is what it is about, if you already got the trick you should give it a go.

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Re: The hardest thing in trading
« Reply #101 on: November 15, 2024, 08:24:47 PM »
The current market condition is quite good for trading because I see the price of bitcoin has touched ATH and is holding at $76K. The impact of the US presidential election is quite good for bitcoin and crypto at the moment, I start spending time monitoring and trading.
If you want to be safe in trading, we can choose long term, but currently because of high volatility I choose short term and focus on scalping to get faster profits.
It is a very good option, in fact this makes me remember in 2017 when some friends of mine won a lot, and it was because bitcoin was going up in price and they won with any Cryptocurrency , they won everything because practically the market was in a bullish Trend , therefore when we are focused and we know that there is Confirmation of this, things are different , so since we are already in a good moment I am very happy that you are Making money from the market, keep it up because that is what it is about, if you already got the trick you should give it a go.
When the market is in a bullish trend we can sell our bitcoin and altcoin, in the year you mentioned 2017 I also got a lot of profit. That's why as short and medium term investors we must always monitor the market because if we miss it will be difficult to get profit or late to enter and exit. But for those who choose long term hold, they don't need to spend much time monitoring the market.

 

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