Bitcoin Forum

Knowing the HOW to trade is one thing, another is knowing the WHEN.
As a trader (crypto & forex), it is bad to trade every time the market opens up. The best and most profiting traders are not those that trade everyday, but take a targeted approach to trading.

For me, I know for sure that i do not like to trade on Mondays because that's when i take analysis to know which way the market will go for the week. Trading days for me are usually on Tuesdays and Wednesdays, the market moves better on those days for me.

Some  other times not to trade (https://www.babypips.com/learn/forex/best-days-of-the-week-to-trade) as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.

Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

This is a very important issue when you trade. You will only trade when you see that the market has moved down a lot and then the market has moved up a bit.Start your trading in such a situation. I have seen a lot of times the market goes up a little bit after coming down a lot.And especially when there is any good news you will start trading. People trade the most at that time.

It basically comes back to the fact that not everyone trades the same and each person has their own strengths and weaknesses, and this may be one of them regardless how obvious it is for you. :P

Yes I agree with what you said on the holidays. I realize that holiday is a risky day to trade and market usually go on one direction and stays on that direction almost all the day of the trading till the next day. It is risky because if you enter a wrong direction, you will not come out from it and can regret by losing your capital. The reason also for the market to stay one direction is no orders coming in from the opposite side and therefore no volatility is created to change the direction. Staying out is better during holidays.

And yeah I do the same with forex. Most markets I'll wait about 3-5 hours after something significant happens (eg news or market open) before even considering going back to look at the charts.

My issue with trying to trade high volume and volatility on shares is that the markets we have (it could just be the facilitators I use) don't have the speed to actually cope with high volume trading so orders take a few seconds to go though (which becomes problematic in high volatility as you can end up with the price moving too far from your entry and too close to your take profit before it's been processed by the server).

This issue do happen during volatility especially when high impact news is released, yes I confirm that. At this time I think it is a general problem with the platforms transmitting the trade. It is a general platform issue that appears like it seize movement in the platform. Sometimes it appears as no network. Lol this time is not funny when you have already jumped into the market and trying to make some adjustments in your order or to set your stoploss. This is better that we already set stop loss before jumping in to avoid jumping out with empty capital lol. In such volatile times, using buy stop or sell stop can be better and you have the time to set your stoploss.

Because a person's trading preferences certainly have different angles and readings of conditions. As for me, there is no exact time benchmark and can really determine when and what days to avoid. Because for most other traders, while their analysis says that prices are open to entry in a short time span, then they definitely will. The market runs 24 hours non-stop, but it's only about volume at any given time that makes the difference. It is also always adjusted to the condition of the news that is obtained.

When you are dealing with crypto market then this is the only thing that i do agree on, on which you do know to stop when you are in this state and the rest would only be applicable on Forex/stocks

trading on where it does have some fix weekly opening of the market unlike on crypto which is open 24/7 and i dont believe about patterns and things related to it specially into this market
on which it is totally unpredictable and random which anytime could be a best time for you to get in.So for something like this then you would really be boggling up your mind
in between their differences.

I don't think there's a perfect timing when to trade, it's always not perfect. I mean  you can't find a perfect timing when to trade, crypto is too volatile and it fluctuates too often. You may think as if always has no timing when to trade in the crypto market, no idea on the forex as I'm not familiar with it.

Holidays are usually a down trend, so you can just wait for the price to stabilize before you trade.

Major events will still depend if its a good new or a bad news but for sure the market will always react so watch out for this.

In trading you must learn how to control your emotion, this can help you succeed and have a good trades, this is very important. Though in general, there’s no perfect time to trade because you can do that anytime, maybe it will always depend on your strategy and the result of your analysis.

I somewhat agree with you regarding with trading on holidays but that of Monday I don't think I go with you on that because most of my profitable trading days has been that of Monday ,So I don't think that this is the major issues that most traders are faced with , someone with a good trading plan can tape into any trading market day except that of holidays you made metion and still come out profitability.

Both time and price are parts of chart, we traders have to consider both variables before deciding which direction we gonna trade and how long it will take. Limit orders are time-friendly, traders can choose the specific timeframe and set target price instead of staring screen in low level minute charts. Entry and exit price points can be based on time btw, you just have to feel the timing correctly rather than rate. The timing of the market can be wrong but you can compensate the potential loss with buying at the advantaged price levels. If you can't it will be a double loss in the long term since time ticks not in your favor. Just my 2 cents.

Timing is very important in trading, it may not be easy but its possible to timing the market.
Analyze well, and you should not get distracted by any events just focused on your strategy. Knowing when to buy is the hardest part, the chart can tell this if you able to execute your analysis properly. Events can only be your guide and doesn’t mean you need act right away, you still have time to analyze.

On forex then the market opens every Monday
and here's some major events that you should look upon for whether you do trade or not.

Central Bank Rate Decision. Each month the world's various Central Banks meet to decide over the interest rates they are responsible for. ...
Gross Domestic Product (GDP) ...
Consumer Price Index (CPI) ...
Employment Indicators. ...
FOMC Meeting.

Source: https://www.equiti.com/blog/posts/2017/september/top-5-economic-news-events-for-forex-trading/

This is similar on crypto when it comes to news but the difference is that everything would really be on random.

Most probably we are trading based on our own timeline, so technically OP sees a different market and that’s why his approach is also different. In crypto, you can trade anytime because it is open 24/7 so there should be no rush here and stay focus on your analysis, this can tell you either to sell or to buy. I don’t believe on any trading belief, Monday can still be a good day for me to trade.

Well there is no time frame for me in trading, as long as I am in a condition to trade it is good to go.
When to trade when you are in a good condition --emotional is the most common factor to consider before you will start trading.
Regarding what day it is, perhaps every day as long as you feel it conveniently in trading.
However, the ^[WHEN] and ^[HOW] factors will depend on you.

For those thinking timing isn't a necessity for having a successful trade they should have a rethink. You don't go trading when the news is out there of some negative directives been issued towards the industry. You can only end up losing as the market will be moving in an opposite direction to your calls
this situation only favours you when you're probably shorting then will the market move to your calls.

As a trader you must not follow all the guidelines given by the OP and by others on thread as you have to look for what best works in your favor and those suggestions mightn't. Trading is about developing a strategy that suits you and trade consistently until your perfect those strategy and become a professional yourself. One common mistake the average traders do in this industry is trading hype/new coins especially on the day of listing.

It is not that a trader will always trade because trading all the time will not bring anything profitable. However, a successful trader understands the condition of the market and then wants to trade. In particular, before going to trade, he must determine the right coins and budget for the investment.

Commonly during the holidays and also weekends, I commonly will also avoid this time. The market is commonly very volatile and there are many surprises  :D

This is like a basic of trading. Emotional control is very important in trading. Whenever we are not ready or cannot control the emotion, better to calm down and take a rest for a while.

Btw, actually, the term f "when" we are better to trade will also depend on what kind of trading we are on. The SPot market and future may be also different.
And if in the future, we can use hedging mode to be implemented for a certain market situation.
But exactly, it is difficult for me, especially because of not a professional trader  :D

Your stand only applies to what you have experienced, your situation, and could never be applied to all or even the most of traders. Some people prefer trading and having positions on Mondays especially on crypto as mondays often is the momentum of the market to recover from downtrend every weekends - as most whales also plays on weekdays and sells as Saturday approaches. Tuesdays and Wednesdays are often days before peak price in a week - which can also be an upward peak, or a bottom line peak.

Though, I still agree that everyone must take their emotional problems as a primary reason not to trade as it drags down how you think and perform. But all should also know that you shouldn't trade without a plan. Only trade WHEN you already made a solid plan -- a plan where you already know what to do when you encounter situations such as loss in trading.


It isn't necessary in scalpers tho. Regardless of having a negative news, scalpers especially in Futures market only tends to technical trade.

A successful trader basically does not want to trade all the time. He wants to set any specific day of the week by doing market analysis. However, if the market conditions are favorable, it can be traded any day of the week.

The simple answer for your question is now.Because the market had changed the lot.The correct way to trade is, dump market. When ever the price of certain things was reduced, it wil be enough to buy at the less price. Don't buy bulk some amount, because it also had 20% of bitcoin price back fire. When the price further reduced,you maybe the loser.

This is one of the many lessons I learned when I started to trade. Know when to trade or not all the times are good to trade.

It's not mean when you close your short position, you can open a long position immediately. This is one of the many mistakes of some traders, it's like they are always thinking that the market will always go by their side and they thought they are already missing an entry.

actually i am an holder i don’t like daily trading . but some time i take entry when i see a major news about any token or coins. like new product launch , blockchain upgrade, partnership, new top exchange listing, token buran etc .

Knowing when to trade is something important that every trader must know because they will have their own time when to trade. Some choose Monday to trade but they have analyzed the market since Sunday and checked the market movement a week ago. There are different methods for every trader so I think there is no right method about when to trade because that is based on how a trader will determine their time to trade.

Some traders will start to analyze and trade when the market is downtrend because that could be a good time to enter the market. But the other traders will search for other ways to enter the market. But never try to trade when your emotion is unstable because you will find it difficult to determine when to trade.

Very valid points on the timing of our trades. I agree with you that the When is most of the time more important than the How. If we buy right before the Dip than it doesn't matter how good our research was and if we picked the best coin, all prices are likely to fall. Having a general strategy for the current market position is good way to avoid such missteps.
Not trading during major news events is wrong though. In my opinion trading during big events can return very decent profits. In behavioural finance there is a whole subbranch that focuses on overreaction during crisis. In most cases traders will give too much weight to the current crisis and think everything is over, there is no tomorrow. Buying against the herd during such times can bring good returns. Of course not trading at all and waiting for the dust to settle is also better than panic selling.

I agree every trader has different trading strategies and methods, so surely every trader should know the best time to trade. We also need to look at
the market situation, the news circulating regarding crypto, our financial situation and also our emotional state. There are many things to consider
when is the best time for us to trade, sometimes everyone has a different time. So don't be influenced by other people, because Monday is not
necessarily bad for other people, but bad for us too. Only we ourselves know when is the best trading time, so try to ask yourself, because only
we ourselves know the answer when to trade. Even though crypto trading is open 24/7, does not mean we can trade arbitrarily at any time,
there are certain times that we should not trade. We ourselves have to learn from our trading experience so far, try to analyze when we usually
can make a lot of profit from trading.

if in forex, indeed in short-term trading, many avoid the hours of news that have a high impact, and also holidays. in cryptocurrency there doesn't seem to be a well-organized news schedule. therefore many traders are not greedy to open transactions at that time. they prefer to trade on normal days, with the hope that the market will move according to the analysis, maybe on Monday the traders' analysis doesn't work

Holders feel more calm and less panicked about temporary increases and decreases. Especially when the negative news in the market started milling about. Holders tend not to want to know all the time market movements. That's what makes us psychologically safer, rather than being daily traders who have to accept some invalid market information.

Definitely agree on this one. I think it’s one of the different advice I have read on the forum so far. Obviously we have to have proper timing and proper judgmental thought when we invest into crypto space. The market in here is way way different than what we experience in the share market. Here the timing plays crucial role no matter what because crypto is all about volatility. It’s changing the course all the time and hence you need to be very very picky when you are making the entry point.
These all thoughts came to mind when I read the OP. So yes definitely I’m going to work on the proper entry and exit strategies to reduce the losses.

Yes, traders wanted to make everything be in perfect timing, aiming to buy at a lower price and then perfectly sold it at the peak price. However, it was just very unfortunate that we can't make things be in good timing, we really missis more often due to the unpredictable trend of the market. So, what we gonna do by now is only to find a way to minimize our losses that is why we have to study the market so well. We use trading tools and indicators to help it out. This reminds us how important to have deep knowledge in the market and never think trading is so easy.

Knowing how unpredictable the trading market is, you will never know when is the perfect timing to trade, but you will know for sure it's the best time to trade. Knowing when to trade is a very vital part since you are not risking your own money, but also your time and effort. So as much as possible, you will only trade if you see the timing is right, not perfect. And trading with stable emotions and having a good market analysis is always the best time to trade as you become more positive to gain good profits than losses.

Apart from days to trade, successful traders too have been able to understand that it is not profitable to be in market all day as the news can hit your order and change the direction of market. They have also attached themselves to some pairs which they usually make profit from and in such trade strategy, you can see very few pairs being traded and not too many pairs that will look confusing.

Medium to long term trader are more successful compare to a day trader, so i agree that we should not always in the market and better to understand the good timing when you buy and sell. There’s a lot of analysis needed for you to understand on when to buy and sell, at first you need the strategy so you can have your target price the next thing to do is to wait for that price to happen so you can sell next.

This is not verifiable. I have read traders who doesn't agree also with this. Long term, medium or day trading are all strategy to trade for profit. In fact, day trading is suppose to be more profitable because it is faster and you can go in again after a trade ends but the fact is that no one trading strategy is better comparing it with the other type of trading but we have the choice to use the one that we prefer base on our experience.

When trades are on holiday for forex then you can switch completely to crypto trading. During major news events for me its a swift time to take good advantage of the high volatility because in cases like this we experience very high spikes. The only time i will avoid trading is when my emotions go soar. i will avoid trading completely

For those who trade professionally, the trading market is always the same for those who trade all the time.Because they have enough knowledge about the market.They never trade roughly like us. They do market analysis and then trade.But we should all realize that when the market is dumping the most, we should buy and then trade.The emerald market will rise a little above the maximum dropping and then you must have a profit.

I will trade when my psychological state is healthy or calm. not having a problem.
because in analyzing the market in need of clear thinking and calm.

and I usually analyze on Saturday and Sunday. and start trading on monday. but sometimes i start buying assets on the last sunday or on monday night. because like there is a price discount. ie decrease. but not always like that every week.

And of course don't enter the market every time you see the market. but many beginners lose because they always want to trade and earn every day. so that their minds in analyzing market conditions are not careful because they are done in a hurry and with an uneasy mind. because they feel every day must make a profit from the results of trading. it also happened to me at the beginning of the world of crypto trading.

We have our own "holidays" when we take the day off and calculate the things we made either weekly, biweekly, or others takes it as monthly basis like they are employed. Day trades takes a lot of work, I don't recommend it for those who are in a starting phase.
The "when" is such a complicated issue. There are times the market moves when you least expected it and when you have the traditional belief of the time when traders take their rest, that's old school.
There are new traders now and it could also affect the market by a great number and they don't have such a rule for their routine.

That's why it's best to run a personal analysis of the market and not to work with other people's analysis all the time.
This is just OP's observation from his own analysis, I for one trade on Monday's too, it may not be the most favourable day in the week but it usually yield increase mosr of the time.

I think it does not work on internationally. Because internationally holidays are not same and specific days also can not match. Actually i think trade fully depends on update news from team, roadmap work from team, crypto news also around us. as for example when covid season, maximum people invested their money from home in crypto market so that market was high instead of down. So situation is main fact it think.

It all depends on how much time you can devote to trading. And if this is the main source of income for you, then you will not pay attention to what day of the week it is, you will constantly monitor the market and open orders accordingly. If you have an office job and trading is an additional income for you, then it is enough for you to focus your efforts on medium-term trading.

It's a important thing, a trader has to understand good comments to trade because that's how they can make a profit on trading. it is true to say that on certain days it would be good to trade. This is an important thing before trading, namely understanding the market so that we can see the right moment to sell or buy coins. That's why a trader must be able to read charts and analyze the market so that we can follow the crypto market and start trading. If you are asked when is the exact time to sell or buy coins, as said, it depends on the moment, so you have to be more patient and careful.

There's always the right timing to trade, and you should have known it before you start trading. But you can't expect for a perfect trade, your trade will only  be successful if you trade with the good analysis of the market and you trade with your own proven strategies. Otherwise, you will only lose in trading because you insist to trade despite of the negative market condition, or you end up trading with the wrong coins or the hyped coins.

They say the best time to trade is when the market is stable and has no negative news currently happening. I think this is very true as we need the right timing to trade and the best entry is when the market is not crashing, not totally pumping, but more on a stable condition. You will only recognize this if you are a frequent trader as you can create differences based on the results of your trades. Although no trades can be perfectly done, but they can be perfectly right if you always trade with its right timing.

its give us steady growth and less volatility, trade in this condition was very ideal to gain maximum profit with less risk. negative news creating high volatility in market so  we often to see alot trade liquidate in market , but for expert traders actually this condition was good to enter market to take swing posiiton.

It could be complicated for individuals, as when to trade totally dependent individual activity. Bitcoin block chain isn't owned by institution that could be regulated even if they want to. Complete industry as an idea or design to uncertainties and volatility. It's hard to come up with certain decision, so recognize the right time to trade pure difficult thing, only luck and enough knowing on this market can help you. Taking out my profits is all about my concern then jump in later once goes back down. Unless do nothing and wait until the right time.

There is difference in the crypto market and traditional stock market as the later one is closed on weekdays and some holidays also so no trading is done at all but the crypto exchanges have online business and active all the weekdays.So it you say about this then only for me Sunday is the free day where no trading is done and only market analysis is the work on that day.I usually make my next decisions on free day and study the past patterns.But usually have to relax our mind once a while so for me it's Sunday.But we all can have different approach in trading as it suits us.

You're right, OP. People don't get to be called traders because they're always in trades every day and time. There are days professional traders stay off trades. Monday (in Forex Trading) is said to be a day the market wakes up from its weekend slumbers while Friday gets it into the weekend mood. The market is majorly slow on these two days. Also, traders should learn not to trade every pair. Pick only ones you can read and analyse their body language. I know of a trader who trades only a pair and he's very profitable at it. Back to the crypto market that doesn't sleep 🤔, it's enough temptation to make traders think they can always be in the market because of that. That's a wrong approach. One should mark days of high chances to get profit, when the market is very active and with nice trading volume. From my observation, Sunday and Monday aren't the best of days to be in the crypto market, trading.

These 2 things are interconnected usually when we read the news that is very likely to affect the market will make us become in a hurry to open a trade and make emotions become unstable, these two things should be avoided if do not want to experience losses because of taking positions in a hurry and the result is a mistake.

even though they have the same trading basis, namely buying at a low price and selling at a high price, but there are indeed differences in the characteristics of the trading time, where the forex market seems to be more regular with a news schedule that we can see in the forex factory, this is different from cryptocurrencies, which where the news was not shown before, and suddenly the price could pump very high. but both are the same in how to buy, namely buying while in the support area

You can do everything right but still not have a successful trade. Even the professional lose at times. The market has its own mindset, so you have to be cautious of this while trading which is why we're advice to only go in with funds that are our spare and we'll be okay losing. I don't believe in any coin been a wrong coin, even the shitcoin can still be profitable trading if you know what you're doing. Investors hoping to profit in the long run are those that should dig dipper into a project before they invest into them.

As a trader you could do some basic research just to make sure you aren't trading scams or rug pull project then you can take advantage of the news surroundings the project and get out before it fades away. This style of trading is very risky and shouldn't be engaged by novice. The said wrong coin, we have traders that trade it successfully.

I agree partly with you. Trading how is one of the things but trading when is definitely where many of us fail.
I can say this from my own experience because I have made some terrible entries and exits which is why I have encountered losses many times.
Other than that, I don't think that there has to be specific days for trading because the crypto market is really unpredictable and we can see trends change quite often.
So rather than waiting for specific days to trade I would rather wait for the opportunity to arise anytime but wait for that moment to make the right trades at the right time.
Not that I am really good at it but I am trying to improvise.

the most dangerous is when we are emotionally unstable and want to trade. this is certainly not recommended, because we cannot think carefully, so that in analyzing the market it is also less thorough. everything will be controlled by our emotions. and we know that psychology is the most influential in trading. many of us make mistakes when the rally comes and greed leads us to panic sell. seems simple but many people still make the same mistake

I certainly agree, as long as the market is in good shape, we could trade freely but we shouldn't expect it to be done perfectly. Knowing technical analysis will always be an advantage but we should always consider the capability of the coin that we're trading especially its weaknesses so we'll know how to deal with them.

You could fail when trading, that is a fine thing and there is nothing wrong with that. But, you should also learn how to get better when you fail, that is the gem there. If you lose money when trading, but learn why you lost money there, then you should be able to not the same mistake again.

This should allow you to earn a good amount of money and would allow you to get better. Doesn't mean that you shouldn't really change the way you trade, just means that you should learn how to get better in the long run. I personally failed many times when trading, and still failing time to time but I realized my mistakes and ended up getting better in the long run.

I don't have enough certain time frame for trading because I always wait for market down for purchasing coins and wait for market ups for selling my investment coins for a better price and profits...
 

^ Because the fact is there is no way to predict when the market is down or up, it is always an unpredictable market movement.
People should understand first the market situation and know the possible movement of BTC even though it is unpredictable but if you are in the market for quite a while, probably it is easy for your to guess when and where is the right time to trade and invest. I know there is no way to know when is the perfect timing of buying and selling BTC but if you will set and technical and fundamental analysis you will not get far form your prediction.

The issue with a great deal of traders is that their strategy depends on getting in or out of the market at exactly the perfect time to do so, and no one can do this consistently, there are a few that sell at the ATH or buy at the very bottom but they are the exception and not the rule, so what to do? You only need a strategy that is still profitable as long as you enter or exit your position close to those levels, something which is way easier to achieve but that is still difficult enough for the majority of the traders around the world to be unable to do so.

In my opinion this is the worst factor when trading compared to other things. The emotion of joy because we continue to make profits makes us rash in making decisions, eventually this greed makes us lose control and lose funds. Then when we are anxious because we get a loss this is also dangerous. Stabilizing emotions when trading is the biggest challenge, if we can control our emotions I believe the other two points above can be overcome, because automatically we can think clearly in taking and responding to the moment when trading.

Yea when our minds become so emotional there are a lot of things like greed, impatience, and more. Before we invest or trade we should be able to control these emotion and this some step I do to minimize that emotion overcome my mind, use my cold money, have a long-term mindset, stay away from FUD, don't ever get trapped by FOMO, and of course learn first before we go trading for real.

The tips you provide seem to be really useful if we apply them to at least minimize emotions in ourselves,
in trading do not let emotions control us and it will only make us lose,
obviously prepare everything before starting to trade because crypto trading is very complex

Every trader should make sure that they really understand themselves and how things would really work for them. I do see traders who are trading on a daily, and they are able to make profit. Maybe I would say it's because they have better skills, and like you have said anyone who is trading should only go in at the time when they feel it is right for them to do so, so I believe that these people will also be doing the same. So, it’s all about what you can do, just stay at that.

Then I would like to add that it is very important that we keep our emotions in check, and know when to trade. If we are having a bad day, it is very important that we avoid trading, because most times our mind would be messed up and we wouldn’t be able to focus enough to be able to trade perfectly.

I dont agree with not trading on major events.

Your trades only mean a number of buy/sell orders. You place them and watch the action as it unfolds. This patience should be there in every trader. During a major event your extreme buy/sell orders have a chance of getting filled and therefore your fiat<>bitcoin ratio changes in your holding. This is necessary for long term trading. Whenever the market falls you will buy and sell when it rises.

The extreme end orders are safer than the narrow end ones. Like buying at 30k and selling at 50k - pretty safe if you ask me, as compared to buying at 45k and selling at 47k.

Yes ofcourse. Learning from mistakes is a skill that not everyone has or can master. It comes only with experience.
What most newbies do is that they keep repeating the same mistakes over and over again and thus lose all their money.
Then they blame on crypto and it's volatility because of their own mistakes rather than improvising themselves.
This is why they say that most of the active traders lose money than make money.

This sounds like a good tip for the beginners who look for perfect timing to get into. Usually clear trends which are confirmed by more than 2 different strategies are good to trade with. When you are good in strategy making and executing then you do not need to look for "days" as you get the power to make any day as a profitable day for you.

Just focus on your skills and crypto trading is available on all seven days a week which means you can earn better than any other market here.

For a technically sound trader, holidays are more preferred days; because you can easily predict the direction of market out of lesser volatility. I agree with other 2 things, I myself do not trade on those two.

Cold money = unused money, excluding savings and necessities. It is one of the determinants of emotional stability. FUD and FOMO will always be there even in Bitcoin though, but how to react to it is the most important thing, our emotions are sometimes damaged after hearing FOMO or FUD from a well-known influencer analyst, to avoid this I suggest to be sure of the results of your own analysis , because this is able to stabilize our emotions in making decisions in trading. Even long term.

The style of trading that you are into is what is called a long term trading. A lot of people do go for this type of trading because it is far much easier for them to get into, and you wouldn’t have to worry yourself much like someone who is trading the market on a daily and having to take a lot of risks.

Another good thing about long term trading is that you can decide to use the DCA (Dollar cost averaging) method and keep increasing the number assets that you have and as the number gets high, you will be able to make a better profit if in case the market should go high in the future.

I guess most of us are using the same strategy! I am not into day trading for years, except for occasional fun with some tokens I have, simply day trading was more loss than profit for me! But when I started waiting for the market to make a spike and to trade in those moments is when trading became profitable for me! Since I am in the trading crypto market was in many bearish/bullish periods, sooner or later a change happens, we just need to be patient!

Barbara, I can't agree more with DCA's strategy! Math is simple here, who is using this strategy with top coins must be in serious profit by now! And I believe that the crypto market will develop even more, so DCA should work fine for the future!

For me, in my personal opinion, I do not advise operating, the reason is simple, we are in the middle of a war between countries that can be escalated to be worldwide, this would cause a huge panic in the investors, which they would not hesitate to sell at whatever price , thus causing a dump worldwide because every investor wants to put their money in a safe haven and this is something that is understandable, however there are ways to operate for now, and I think it is knowing how to carry and be up to date with what is happening in the war, if you take advantage of the movements of the war, you can take advantage of it, just like the btc is doing, which is gradually increasing.

One way in which you could avoid this is by trading with a system that tells you what to do under any possible circumstance you could face in the market, basically the system trades on its own and if you could put it into code then it will not require your input at all to decide what and when to do it, now such a trading style is not very common, as most traders have an overall strategy but they reserve the right to go against it if they believe it is the best thing for them to do at the time, but that makes them susceptible to become emotional and make huge mistakes, something which does not happen when you let your strategy take all the decisions when it comes to buying and selling your coins.

When someone do continue to commit the same mistakes all over again and again is someone who dont really mind off on progressing their-selves to become better or simply didnt able to learn with those mistakes that
they had encountered which it is really totally opposite for someone who had done the opposite too on where you should learn from your mistakes and trying to find out on where things go wrong.
Timing is everything although it could not be precise anytime but at least your profitable trade chances or stats is higher which does indicate that you are doing a good job.

Regardless if you are a full time or part time trader, knowing when to trade is very vital. Not all the time you can open a trade, as the market's condition changes from time to time. You need to monitor the market well and analyze its market patterns using your own technical indicators. And when you think the market is stable and there is profit potential, then its the right time to trade. However, knowing when not to trade is also as important as knowing when to trade, as success comes mostly in most favorable market trades.

The explanation additionally for the market to remain one course is no requests rolling in from the contrary side and accordingly no unpredictability is made to adjust the course. This is better that we previously set stop misfortune prior to bouncing in to try not to leap out with void capital haha. In such unstable times, utilizing purchase stop or sell stop can be better and have opportunity and energy to set your stoploss.

when the market is stable and forms a consolidation area, the candle will move ranging, usually after that there will be a breakout, either up or down. therefore for me it is better to wait for the price reaction whether it will go up or down. but if we want a direct transaction I think we can choose the lowest risk, so that we will be safer, the most difficult thing is when a rally will occur, and we can only analyze, because no one will know where the market is going

As a trader, we do have our own preferences and market strategies when to trade. Of course, we do it with the right timing or when the market is not showing negative conditions or when your emotions are not unstable. Otherwise, we end up doing bad trades that will only result into losses because we insist to trade despite of how unstable the market is. However, if you are an expert in trading, regardless of how the market behaves, you will always find time to make your trades successful.

I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.

Many traders had been facing difficulties when they are emotional stress and a reason for not making good decisions but mostly wrong. This kind of sentiment implies that it was best to do trading "If we are totally in Good more". And based on my experience, I was totally focused on what I do and definitely, the result are great.

And there is one thing I'd notice, having peace of mind gives us a brighter idea. I believe that trading in good mode eventually becomes more effective and has bigger chances of profit.

do you trade on the spot market? Or do you just focus on futures trading?
it seems that if you don't spend capital on the spot it will be in vain, seeing the price of altcoins is currently falling,
are you not interested in the current price?

I wasn't a day trader nor full-time, I was just seasonal. I was doing trading if the market is in good condition and of course, not in the bear season. It was good to have a good entry upon trading like to see that after buying we can sell them. That is why we could notice that during the bullish season a lot of traders had come as this was the perfect time for this. Well, of course, the chance to gain is high compared to doing this during the bear season or corrections.

A reason why we should have to analyze the market first, study the market trend, and have an idea of what next is possibly going to happen.

i called it as sniper which is trade only on golden moment in market, and it is really need our patience waiting this moment. not all traders could do the same thing with you. maybe i called it "better lossing moment than losing our money" . maybe one trade position could give us more than 50% , less trade but better in quality.

your trading system teach us how our patience will rewarded well. take only coins or token with high probability by research and analizing many coins. most of traders didnt do this, they trade careless and want instant money from market till finally forget about trading plan.

isnt it in bearish market also give us alot entry opportunity while bearish structure clearly formed. i am agree if we should not trade everyday but as should not miss any opportunity that occur in market. maybe you use swing strategy so make rare trade but have high profit probability.

I think, it will be difficult for such trader to experience losses from the market because he always follow the price of the market to know when to trade at the moment to make a good profit or not to trade at the moment not to experience failure in the future. Following the price of the coins to trade is more favorable than following days or holiday to trade because through the price of the coin you can be able to determine, if the market is good to trade to make a good income or if the market is not good for trading.

 Many coins has increased higher few days ago which will be a good choice for traders to start trading to have something good to achieve in this season.

I still don't understand about the rare trade you said, how is the system mate?,
is it bearish we can still get profit?, because as far as I know it will be very difficult to do when the market is bearish,
I have experience in 2017 when the Bitcoin price bubbled and almost 3 years bearish, so what?

Trading requires strategies and works on individuals differently, trading Bitcoin on weekends is just a No but I scalp altcoins if there is enough trading volume to consume large orders and not some shotcoins that will make you trapped. The best time I trade bitcoin is when Newyork exchange opens because of the effect of Bitcoin ETF, some times there used to be an open gap that traders naturally like to fill before the weekends and not just that, Bitcoin do get attached to traditional stocks like Dow J and S&P 500.

Swing trade doesn't guarantee that there will be profit at the end of the trade. Trading as swinger is just a pattern that the trader choose and it can fail just like any other type of trade strategy. It is about knowing when to rightly enter the market despite the trading style used because a wrong order will result into loss.

Trading brings less profit than investment. Most of traders end with losses and more investors earn profit than traders. However, whatever you do in the market, it's a zero-sum game so it means that money will flow to smart traders or smart investors to non-smart ones.

Losers in the market are not actually not wisely. Sometimes, losers are smart but they are lack of control on their emotion or lack of discipline. They are two most important characteristics must have for winners in the market.

Strategies may vary and so the results. Day-trading, scalping, etc., will choose the option and strategy that we think will work perfectly or at least.
I'd also consider special events when trading and many factors to consider, however, this never means that we are safe and profitable with this strategy. Of course, choosing the coins we use for trading us really has a huge impact on the results.

I'd choose not to trade weekends, not even during the holidays seasons. I'd preferred when the market is very active and when the trade volume is high.

The "how" is important if we are getting started but for the "when"? I think that will mostly apply to you. In trading there are so called day traders and they are trading everyday. There are different types of traders other than that but no matter what they choose, as long as they are having a problem emotionally, they will always stop otherwise they will only lose.

Good for that you have a separate time for doing an analysis, that will relax your brain for a while and mixing analysis and trading all together can be really stressful. Not trading on holidays can make sense. You can treat it as a day off and not because you think that holidays have an effect with the price.

Regarding not trading on weekends, I also agree with you. I don't know if this is a coincidence or what, but based on my observations and experiences on weekends, the market will actually go down and on weekdays the market will rise again. This is why I prefer to make sales on weekdays and will buy coins on weekends. It's not quite accurate, but I've tried this method many times.And I enjoy this process because I like to do day trading instead of having to hold coins for some time. With day trading I can profit every week.

I totally agree with you that investment gives out more profit than trading and in trading, a losing day for one trader is a profit day for the other trader and it keeps going like that in circles until someone account is blown away lol. Trading isn't easy to tell the fact but with experience and good money management with emotional control, it can be better or fair compared to daily job as employee.

Trading and investing actually have the same goal where they both expect profit from the activities they do. But I might also agree that in the long term, investments are much more likely to allow the perpetrator to earn better returns if the chosen asset is a potential asset like bitcoin or a top altcoin. Trading appears to be much riskier to price volatility especially if done for a short period of time, but it still depends on individual interest because in reality traders can also make thousands of dollars on their trading cycle if they have strong capital.

I personally tend to prefer investing over trading, I can control my emotions better and maintain my long term projections on the assets in my portfolio.

- Crypto doesnt always react on holidays yet movement could neither happen into those times or totally in random basis.
- Crypto is highly reactive to fundamentals and news specially if something is in related neither its a shill or a fud.So better watch out on making further step.
- This is the right time that you should stop, you arent on your right mind when you are emotionally disturbed because this would really result into mistakes.

Learn when to trade is something that talks on getting involvement when you do see an opportunity and this would really vary on each person.

I usually trade on Sunday,Monday and Tuesday and other day I just watch the market or waiting for low price entry. I feeling comfortable in these mentioned days because Bitcoin price in these days reamin stable and altcoin give profit in day trading. Wednesday and Saturday are very bad days for day trading especially for those who trade altcoin.
Some big News rumour is good to take entry because these news can turn market bullish and you can make short term profit there. There is risk but more chances that you will get profit.

I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.

At that point it might be better to hodl.

People most not agreed to trade on weekends.But why you refusing the good god giving opportunities.Because during weekdays,the people keep on buying with the money they getting.So the coin price was stable and increased.But in the weekend ,most of the traders had sell their crypto for their weekend expenses.So demand of coin reduced and price also reduced.

True enough. So far, many newbies are asking about how to trade successfully but they forget about something  important, that is the time.

We may want to trade and make more profits, but sometimes it is not the right time for trading, they mostly don't know when to start, only following and they are not aware that they are new and need your own time after your are exactly ready.
Additionally, we can also see some other reasons that yime is also a matters for example trading on weekend and weekdays differences.

Everyone has their own choice of when is the best day to trade, just like you have a certain day that you think is profitable. So you do it comfortably
and according to the strategy you use, so you can make a profit from the trades you do. But not necessarily other people follow all the steps you do
will experience the same success, because everyone has different trading knowledge and skills. So we have to learn to trust our own trading abilities
to be able to make a profit. I have friends who make more profit when trading on weekends, which for most people is very difficult to make a profit
when trading on the weekend. Because my friend has an effective strategy if used on the weekend, so don't be too influenced by other people when
trading. Because only we ourselves know what is best to do, so learn more and practice trading, so that we know when and what strategies are suitable
for us.

Even experts would have hard time in bad market's it is easier to make a profit during bull run, experts can make a profit during bear runs as well and not just bull runs but even they have hard time finding profit during that time as well. How could you make money when the prices are going down?

Two options, you either play the long con and end up buying more and more when it is going down so that you would do DCA and profit later on, which is long con but you do make a profit. Or you could simply go with the short futures deal and just short bitcoin when it is going down and hope that you would be right when the time comes, that would allow you to make a bigger profit but it is quite difficult.

It's up to you as a trader. Strategies may vary depending on the situation. If what you are doing is working well, you'd supposed to continue doing it. However, we can't give assurance to those who want to follow this strategy as we can't hide the fact that sometimes it won't work for the other person.
Why?
 * it is because it varies in decision-making
 * it is because we are not using the same coins or an exchange
 * Personal behavior has a huge significant effect on our trade

Even OP will do as you've said, can't also expect you've got the same result and see him being successful just like you.

Well no, it does not vary. it is simple mathematics. The probability of a trading making a profitable trade goes down with his trading frequency. If you for example tried to catch every single dip and sell every single top just to make a tiny profit then you would still have a higher probability of making losses, not profits.

Lets say you would still be trading 18x a day. Thats 504x a month which equates to over 100% loss of your holdings if we go by a regular 0.2% trading fee. (This means: if you make no profits, you will have no money left after the last day of the month to trade).

So you have to make 3.6% a day to only even out the trading fee losses. Nobody is making 3.6%+ every day. I don't care how good you are.

Your logic of profit percentage as an exponential function hits a dead end at the unpredictable nature of the market.

If you calculate the trading fee into your profit beforehand, then you should be doing fine. I had a friend who used a bot that did profit no matter how much, like even if it was 1 satoshi profit, it was still a profit and it calculated the trading fee as well, so even though he did thousands of trades in a single day because of the small "sell as soon as it is in profit" method, he still paid a ton of trading fee and never had any problems considering it calculated that in.

The only reason he stopped was the fact that he made good profit but not great, whereas when he bought something that went down, he had to keep it for way too long and lost a lot if he wanted to get out.

Trading strategy for me does not define the day. Seeing the market is down with a red percentage is better, for daily trading I control when the market is down. I often use my spare time to see market movements, I don't specify a weekly analysis. The analysis I do is with a stable market movement. Some of them often move within 2 to 5 days. With repeated analysis, profits can be maximized properly.

Knowing when to trade doesn't really have to to with the week days to me but how the market is at that particular time, and then I think you are right about the emotional stability, not just in crypto but in every aspect of life, when you are emotionally down nothing will seems to work out for you. So just give it a break when you are not emotionally okay.

What do you mean by 'not to trade' here? Not sell your coins?
Honestly, I don't care whether holidays or weekdays, minor events or major events, emotional or not. As long as I see the price meets my target, then I will sell my coins. The decision to sell or buy is never based on those things, I prefer to sell or buy because of the current trend or the current price of the coins. Our goal is only 1, it is about the profits, not anything else.

Trading doesnt automatically mean that you would sell out your coins or assets because talking about on when to trade would be basically finding for the right time to get yourself in
or able to accumulate which is most likely be preferring on cheap or red times or bearish where chances on making profits with volatility is likely.The main question is on how
to identify the bottom because this is something that we do really always question or asked about.We could see it on technical aspects but we know that market
could easily fucked up these analysis but its not bad to have some basis rather than have nothing at all.

And at the end of the day, it depends on your financial needs. Holidays or other major events won't matter in your trading activity if you do need your funds. But if you can wait and want to take advantage of what is happening in the market, you will closely follow the updates and news surrounding the crypto market. Because that will give you insights on when to move your funds or if you need to exchange it to other alts.

I think that to operate I have a different way of operating, for example at this moment I am not operating because in reality I do not know what could happen in the market, it would be crazy to enter the market trying to guess, and it would also be very irresponsible, this insecurity lies in me because of the fundamental cause of the war between Russia and Ukraine.

For now there are many traders who have another vision of the market, and they are operating, those who are chartists are guided by their way of operating with their figures, otherwise those who are fundamental analysts have a higher rate of being able to lose, this is what which makes it difficult to misunderstand the market.

Totally agree with you on this. The market moves in one direction during holidays and it might remain so until the next day. There's a whole lot of stability and a whole less of volatility to even consider entering a trade. If one makes an impulsive decision during those periods, one might run in loss.

To be a successful trader, i believe one you should never make a financial decision based off emotions or impulse. So yeah, never trade when you're emotionally unstable

I would like to shed more light on the part of being emotionally unstable. No matter which day it is, if you are not emotionally stable, your mind wouldn’t be there to make the right decision. Even if the market is in a good position for you to trade, you wouldn’t still be able to figure out things because your mind wouldn’t be at the right state to do that.

So, it’s really good for us to know when we are not in the right state of mind to do things like this. Whenever I feel that my mind is not in the right position to trade, I just stay completely out of the market because I know that whatever I’m doing is going to be just a total waste of time.

Apart from the emotions , you need to trade with the chart which is the technicality of the market. Many traders fall for their emotions and jump into the market when they see one candle "dancing to their expectation". Our emotions often times play a fast one on us and we take risk not worth it. If the risk we are taking doesn't have high probability or potential of bringing profit then it is not worth it.

During the bearish trend, making a profit is usually a hard thing to do. For anyone to be able to make a good profit at times like this  would require a lot of skills and being good at it. But during bullish trends it is easier for everyone to make profit.

Most of the times I just choose to go long-term because short-term trading is usually not that easy as some people would think. For you to be able to be making profit on a short-term requires a lot of dedication and having good knowledge of trading. But long-term doesn't need that much effort , though you still have to know how to read the chart and predict where the market is possibly heading to next.

Here again it really is not the subject tips given here that are considered effective if we apply them here but what is here but can reduce my passion here by ourselves then we have to control before trading and not let control here and it  The only downside is that if everything is prepared before starting a business here, I guess what kind of cheating would be so complicated.

Know how to trade and when to trade is so important and this two falls into trading strategies.  For one to always have good trade is to know good strategies , knowing the right strategies for a particular time that is what matter the most, using a particular strategy all the time is not the best because strategy can change,  getting new strategies helps a lot in trading.

When you are "ready". People keep forgetting that they need to be emotionally and mentally ready to trade as well. They keep focusing on when the market is ready, when the prices are low, when things look to be getting brighter and so forth, but the reality is that we are talking about a personal thing.

A period when market looks to be prime to get in and how to make a profit is something that we should be considering a lot, it is really a great situation but at the end of the day if you are not ready, and you feel like when you get in, you will be in too much of a panic mode and wouldn't know what to do, then do not get in and wait for the next period.

It really depends on the trading strategies used by the individual, for me its good to trade on weekends because I feel not huge volatile swing so its possible to make 1 or 2% by doing day trading on those days with less risk compared to high swing days. Also I am not really used to trade on major event basis but many people succeeded on those occasions if the find the things before it happens.

maybe I really agree, that everyone's trading strategy will certainly be different from one another and is normal. because the habits that have been carried out in trading will certainly lead people to do it continuously, apart from the fact that the situation that is built is no longer suitable and experiences disadvantage so that it changes methods and days that may be adapted to new ones, although of course it is very risky to make those changes.

some may indeed trade in accordance with major events that have occurred before, and it certainly returns to a habit that will make that person will do it, maybe even people do not associate major events with trading but instead apply it to the day when they will trade.

Well this is something to take into account, although the state of mind does not define everything as things are, having a good attitude sometimes helps to see other scenarios, perhaps when it is good to enter or not, but if it can be taken into account to be more enlightened, there are people who set challenges or goals during the day, but it is not bad, it is good, although sometimes it can cause some stress if expectations are not met, and this can lead to failure, however It is good to have daily goals until they are met, in case they are not met, then the stop loss is simply the one that jumps, I think that is the correct way.

It is very important to understand that such an understanding will not appear quickly. This is already an experience that is very difficult for a trader to get. Therefore, you need to be ready.

Carry out your personal research to know more about new strategies will really help traders to grow higher in the community which is very necessary to crypto traders. Understanding the right time to trade in the market to make a huge amount of money is more favorable than trading without understanding the period where to supply or demand from the market which can cause traders losses in crypto trading.

You would able to understand  for yourself if you had really able to experience it out on how to deal with the market.You would make out some realizations because you had already had the idea

on how it behaves or on how it do reacts even though its not 100% precise since this market moves too randomly or unpredictable which it is really hard to sustain yourself to be profitable.
Try to make yourself to survive out and dont rush up on everything or anything because this would really create some desperation which would result into mistakes.

Starting a trade should basically be with a stable emotion. because when emotions are stable, we can control our trades well and the analysis we do is also better. for me the day doesn't really matter, what we really need is emotional stability and being able to read the market conditions to start a new trade.

The real key on here is EXPERIENCE which means that you cant able to determine on whats the right time if you are just noob or lacking out that kind of factor.
Understanding on when to trade is something that hard and cant be determined.
Its true that sustaining should be your target and you would find out lots of opportunities that you could made out into this market.

When you're emotionally unstable.

That's the clue that you should stop for that moment as soon as possible because you will not know what you can do further which could result in losses.

That's basic for most experiences everyone and if you don't learn from them. Maybe, you've got to learn it on your own so that you'll be the one telling it to others that control your emotion.

Coins always surge up when there a good news upcoming of course such as a country supporting this kind of coin, and they use it for the payment methods adopted by the different organizations. Also, most of the time when it comes to weekends people sell their assets because of the thing they want to use those funds in the other way entertain themselves and use them for their leisure times. That's why mostly I do make a trade or buy when the weekend comes as always.

Yes, most of the prices are discounted on weekends. because it's time for people to take a vacation. usually it is influenced by day traders which on Saturdays and Sundays they are off from trading.
so it's a good time for us to start buying crypto when the price drops.

The perfect answer for the question "When to trade" is

Only trading when the market is volatile.
Don't trade when the market is boring and condensed to wait for big volatile movement later.

I know you can trade when the market is sideway and boring and if you do it well, you can get profit too. Nevertheless, if your mind are not neutral and fresh, you will get stucked and be killed when the market suddenly moves up or down significantly at the end of each sideway cycle.

Because you can not predict the market up or down correctly so you will have odds to get correct or inaccurate prediction which affect your trading results. The better approach is wait for a big market movement then you can start trading.

Trading time is different for lots of people abd I believe this is because of different objectived and goals of individual. Take for example, if you are OK with scalping, there iis nothing stopping you from trading daily. However, if you are a value trader, daily trading will not fit your objectives, you will rather want to study your trade and make position on long term basis!

I think that what influences is the right time to buy, when we start to do analysis, we read some opinions in the forum about how we can operate, it is difficult to get a criterion that adapts in a general way, and I think that is something normal, because each person sees the market in their own way, we do not all think the same, and when we see a thought that is similar to ours, we are pleased to accept that things are like that, that is why before I look for any advice, I make my own analysis without seeing news or anything, so I have it there if I start to see how many people, news coincide with my thinking, this is a way to see or evaluate if I am on the right track.