What to do while trading this week

[Chilwell]

When the market is going down, you are advising traders to be careful. But did you know that many traders can prefer derivative exchanges and also can go for short position. So if the market is going up, it would be a loss for such traders.

What I have known in trading is that most traders are not patient and they are losing.

that's why it's advisable to be patient as a trader. if you find yourself in any situation such as volatility of the market, you don't have to take any decision or action in haste because you may end up regretting it latter. In a situation whereby a trader deviate from their strategy and take a short position if the market letter goes up again the Trader may face such a huge lost. As a trader, Before taking any action there are certain things that you need to consider. When the market drops, you don't know what will happen in the future, it may go up again. and if a Trader is not patience enough during this volatility when the market goes up again, they will face a significant loss.

[ZAINmalik75]

that's why it's advisable to be patient as a trader. if you find yourself in any situation such as volatility of the market, you don't have to take any decision or action in haste because you may end up regretting it latter. In a situation whereby a trader deviate from their strategy and take a short position if the market letter goes up again the Trader may face such a huge lost. As a trader, Before taking any action there are certain things that you need to consider. When the market drops, you don't know what will happen in the future, it may go up again. and if a Trader is not patience enough during this volatility when the market goes up again, they will face a significant loss.

In shorter time frame, market is not that unpredictable, many professional full time traders can are live streaming their trades and charts and they are mostly right about the next 1 minute or 4 minute candle. Because they first get the big picture of the token for the day and then they take small time frame trades.

Traders can only make profit if they are keeping patience either they are margin trading or spot trading. Without control on our emotions we cannot make profit at all.

[Blaze]

that's why it's advisable to be patient as a trader. if you find yourself in any situation such as volatility of the market, you don't have to take any decision or action in haste because you may end up regretting it latter. In a situation whereby a trader deviate from their strategy and take a short position if the market letter goes up again the Trader may face such a huge lost. As a trader, Before taking any action there are certain things that you need to consider. When the market drops, you don't know what will happen in the future, it may go up again. and if a Trader is not patience enough during this volatility when the market goes up again, they will face a significant loss.

In shorter time frame, market is not that unpredictable, many professional full time traders can are live streaming their trades and charts and they are mostly right about the next 1 minute or 4 minute candle. Because they first get the big picture of the token for the day and then they take small time frame trades.

Traders can only make profit if they are keeping patience either they are margin trading or spot trading. Without control on our emotions we cannot make profit at all.

Many traders would agree because they are often able to interpret price movement ‘context’ within a short space of time on account of the fact that the message has already been understood. In addition to this, they do not simply distinguish minor movements of the traded assets but also look at factors that make up a large picture of the traded assets. Yes, price change observation and waiting for the right conditions to strike, are actually considered by them. You need to understand also that instant decisions are likely to be made without the virtue of self-control. That is why many successful traders do not gesticulate for a long time and remain calm while the market never stands still. They do not only analyse the situation in the technical manner but are also stable at the emotional level. In that regard, they are able to come up with a better decisions instead of hasty trading decisions which are much risky.

[Aanuoluwatofunmi]

Taking a precautionary measure is not only about a day, it is such we should be use to each time we are taking trades, because of the risk involved, this is not the first time trading will turned to liquidation of huge sum worth in trillions of dollars, we should take risk base on what could be affordable by us, we should not trade as on what we cant afford to lose, this is mostly applicable to the future traders, they are more sensitive to these, because they can easily make money form it and still lose the same if care is not taken.

[ZAINmalik75]

Many traders would agree because they are often able to interpret price movement ‘context’ within a short space of time on account of the fact that the message has already been understood. In addition to this, they do not simply distinguish minor movements of the traded assets but also look at factors that make up a large picture of the traded assets. Yes, price change observation and waiting for the right conditions to strike, are actually considered by them. You need to understand also that instant decisions are likely to be made without the virtue of self-control. That is why many successful traders do not gesticulate for a long time and remain calm while the market never stands still. They do not only analyse the situation in the technical manner but are also stable at the emotional level. In that regard, they are able to come up with a better decisions instead of hasty trading decisions which are much risky.

Yes they do not hesitate to take quick actions and they do not take another thought in their mind about their actions because they know when they will allow another thought about trade in their minds they will be greedy and may think to change their plans of trading.

Therefore they don't hesitate to act quickly if they already have a plan which they have to make with calm and educational mind, so they don't change plan later and make lose just because of a doubt or a thought in their minds.

They are professionals for a reason, they certainly don't gesticulate.

[doc]

Taking a precautionary measure is not only about a day, it is such we should be use to each time we are taking trades, because of the risk involved, this is not the first time trading will turned to liquidation of huge sum worth in trillions of dollars, we should take risk base on what could be affordable by us, we should not trade as on what we cant afford to lose, this is mostly applicable to the future traders, they are more sensitive to these, because they can easily make money form it and still lose the same if care is not taken.

I always agree with people who say that we should use money that we can afford to lose in trading or investing. because the risk factor is a consideration. ,
so I always measure my financial ability to invest and have reserve funds for sudden needs so that the crypto assets I hold are not disturbed.

[LUCKMCFLY]

For me, it all depends on what type of trader you are. If you are a short-term trader or a scalper, then you must follow certain fundamental principles: analysis, and carefully record how you enter. However, if we are medium- or long-term traders, it is better to place a trade, or a maximum of three different trades, and wait. If you make a good profit, then accept it and even celebrate it if possible. Then withdraw a little money. If you lose, there is nothing to do, You have to accept it and analyze the market differently. Wait? Yes, that is the best option, and don't despair.

[Azharul]

Hello everyone! If you're planning to trade today, please be cautious. Yesterday's liquidations were substantial, and even news-based trading has lost some effectiveness. As you trade, I wish you a profitable week. One final tip: always check the 4-hour time frame before making any trading decisions. Remember, trading can be enjoyable, but consistent losses are detrimental.

Crypto is volatile not just this week it is volatile all the time so if you want to do well in this volatile market you must be a pro trader. And for that you need to do a lot of research. Now market prediction is much easier than before because you can see different predictions in different places especially if you enter Binance you can see predictions of many people and you can see they have millions of followers you can follow their signals and then research yourself to make a potential prediction. And by following various good and bad news, you can predict the market movement somewhat. But no one can ever say with 100% guarantee what the market condition will be.  So you always have to accept that risk while trading.  And even a big loss has to be accepted

Actually, you could created an excellent comment in your post. We also know that cryptocurrency market is always depending on up and down. So we know the volatile situation is a common issues in cryptocurrency market. So in this situation if we want to trade, we must understand in cryptocurrency market and acquire knowledge for cryptocurrency trading. So i am also trying to understand in cryptocurrency trading and also want to trade in this week. Because i think that if i will be a professional trader, then i can earn huge profit from cryptocurrency trade.

[Mr. Magkaisa]

          -     In situations like this where we are still in a correction, I think DCA or accumulation is still the only safe thing we can do as traders, especially if you know to yourself that you are not that skilled in conducting trading activities here.

Especially now that it seems like there is a black swan coming, or a recession that some investors are worried about with the price of bitcoin sinking further in the market, some even think it could even reach $65k, they say.

[Hisbullah]

          -     In situations like this where we are still in a correction, I think DCA or accumulation is still the only safe thing we can do as traders, especially if you know to yourself that you are not that skilled in conducting trading activities here.

Especially now that it seems like there is a black swan coming, or a recession that some investors are worried about with the price of bitcoin sinking further in the market, some even think it could even reach $65k, they say.

There is indeed news that says the price of bitcoin will fall again because the global economic conditions are not good, and I agree with you that the DCA method is still worth using during corrections like this. We can buy some potential coins gradually to hold while waiting for the market to improve. Bullish season is predicted to occur this year, but I also read some predictions that say it will occur next year.

[Blaze]

There is indeed news that says the price of bitcoin will fall again because the global economic conditions are not good, and I agree with you that the DCA method is still worth using during corrections like this. We can buy some potential coins gradually to hold while waiting for the market to improve. Bullish season is predicted to occur this year, but I also read some predictions that say it will occur next year.

I believe that the current situation is rather uncomfortable for the crypto market, but that does not mean that all the opportunities are over. It is still very hard to predict when the next phase of the bullish market is going to happen, as always, however, this is not a secret. Therefore, this strategy known as the DCA method can still be attractive for starting a business since it enables gradual entry into a specific market and is not focused on fixed constant predictions that may shift. Some analysts expect the great migration this year, others expect gradual and steadier price increase only the year after. But the most important is not to sit and wait when to enter, but know, how to use the existing circumstances to be fully prepared to occupy a right place at the moment, in which the market begins to rise.

[bitterguy28]

I believe that the current situation is rather uncomfortable for the crypto market, but that does not mean that all the opportunities are over. It is still very hard to predict when the next phase of the bullish market is going to happen, as always, however, this is not a secret.

for the past 16 years, bullish cycle has always happened after the halving event and this has happened multiple times so i have no reason to doubt that this can happen again and since halving event usually partakes every 4 years we can expect that too

But the most important is not to sit and wait when to enter, but know, how to use the existing circumstances to be fully prepared to occupy a right place at the moment, in which the market begins to rise.

patience is important but sometimes we just need to do things now or else we’re never gonna have it as goos as we have now

[Dr.Bitcoin_Strange]

In trading, there's what is called top-down analysis, it means that before you come up with any analysis that will assure you to take a trade, you need to start you analysis from a higher time frame down to the lower time frame which you are going to use to take the trade. For example, if you normally use the 15 minutes time frame for your trading, you can start your top down analysis with the 4 hours, down to the 1 hour and to the 15 minutes which is where you will then find your entry position. Although, in trading you can not be 100% accurate 100% all the time, sometimes you will lose too even with the top-down analysis.

[LUCKMCFLY]

decisions made in conditions with a stronger basis will certainly allow for greater confidence in dealing with various market situations.

You're right, on a personal level, things when done that way have much more validity , but sometimes a prediction requires taking many things into account, among them sometimes luck Influences, because by taking into consideration everything that can happen, all kinds of analysis can be Generated, both technical analysis, fundamental analysis, these are the things we normally follow and we can generate better results, however, it should always be done with total determination, whether you win or lose.

[DragonF]

I always agree with people who say that we should use money that we can afford to lose in trading or investing. because the risk factor is a consideration. ,
so I always measure my financial ability to invest and have reserve funds for sudden needs so that the crypto assets I hold are not disturbed.

Trading this way allows the trader to avoid panic about the movement of the market graph because the amount invested is insignificant, and the trader is not under any pressure to profit. The trader can be patient, and the likelihood of profiting will be high because, while the crypto market is volatile, there are times when the market becomes favourable to traders, and traders who have waited a long time for the bull run can trade at these times and profit.

Some traders do not wait for this time because they are impatient and trade with the wrong amount, and they are afraid of losing a significant portion of the amount traded, so they prefer to trade in loss to get something rather than nothing.