Bitcoin Forum

Economy => Trading Discussion => Topic started by: Cryptornd on June 24, 2022, 06:26:40 PM



Title: Trading system understand
Post by: Cryptornd on June 24, 2022, 06:26:40 PM
BTCtrading system is being called to how you get in and get of a trade. there are some major components in a trading system. it can be a combination of one or more factors.
some of them are below.

1. indicators

*Leading And lagging indicator


2. volume trading

*Volume confirms the trend of the chart


3 price moving.

*Price pattern.


*Major characteristics of a trading system*


1. Make it simple
2. easy to apply
3. system must provide profit in the long term run
4. Respect your system

5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don't care about quality of the project . in this case most of newbies to the crypto  are lossing their money by following those influencers and buying what they recommend and loss the money.

Most of those influencers Charge  more than $3000 Per 1 post from their Social media accounts.


Title: Re: Trading system understand trading
Post by: boyptc on June 24, 2022, 10:09:11 PM
5. Dont follow what other traders do. must be learned by them. not to copy.
With what I see today, newbies tend to follow the experienced ones. But what's sad is that these mentors aren't for real and many of them are fake ones that don't really trade.

They teach the basics but they don't do it in real life for their own trades.

They sell the courses and that's how they make profit with. But if there's something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?


Title: Re: Trading system understand trading
Post by: South Park on June 25, 2022, 12:12:17 AM
5. Dont follow what other traders do. must be learned by them. not to copy.
With what I see today, newbies tend to follow the experienced ones. But what's sad is that these mentors aren't for real and many of them are fake ones that don't really trade.

They teach the basics but they don't do it in real life for their own trades.

They sell the courses and that's how they make profit with. But if there's something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?
This is very common, those which know how to trade do not really need to use their time to write books about the subject as they can easily get more profits with less effort if they trade the markets, however since there is such a huge demand for books and trading courses then traders which know something about the market but which do not have a history of making profits in the markets end up as teachers, which cannot show their students how to profit from the markets since they do not know how to do that on their own.


Title: Re: Trading system understand trading
Post by: Cryptornd on June 25, 2022, 01:43:30 AM
5. Dont follow what other traders do. must be learned by them. not to copy.
With what I see today, newbies tend to follow the experienced ones. But what's sad is that these mentors aren't for real and many of them are fake ones that don't really trade.

They teach the basics but they don't do it in real life for their own trades.

They sell the courses and that's how they make profit with. But if there's something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?
And also influencers's cost for promoting is sometimes more than $5000


Title: Re: Trading system understand trading
Post by: GreatArkansas on June 25, 2022, 01:48:20 AM
5. Dont follow what other traders do. must be learned by them. not to copy.
With what I see today, newbies tend to follow the experienced ones. But what's sad is that these mentors aren't for real and many of them are fake ones that don't really trade.

They teach the basics but they don't do it in real life for their own trades.

They sell the courses and that's how they make profit with. But if there's something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?
For me, it is the most common mistake of newbies, especially those who are learning how to trade.
I think most of us experienced this, but having to learn on our own and having our knowledge will help us to become good traders.

There are also some people who are learning by copying other people, but for me, this is just on the beginning, it's like you are copying or adapting someone's knowledge on trading.


Title: Re: Trading system understand trading
Post by: Cryptornd on June 25, 2022, 03:17:22 AM
5. Dont follow what other traders do. must be learned by them. not to copy.
With what I see today, newbies tend to follow the experienced ones. But what's sad is that these mentors aren't for real and many of them are fake ones that don't really trade.

They teach the basics but they don't do it in real life for their own trades.

They sell the courses and that's how they make profit with. But if there's something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?
For me, it is the most common mistake of newbies, especially those who are learning how to trade.
I think most of us experienced this, but having to learn on our own and having our knowledge will help us to become good traders.

There are also some people who are learning by copying other people, but for me, this is just on the beginning, it's like you are copying or adapting someone's knowledge on trading.
added it to the post


Title: Re: Trading system understand trading
Post by: GelatikKembar on June 25, 2022, 05:01:55 AM
5. Dont follow what other traders do. must be learned by them. not to copy.
With what I see today, newbies tend to follow the experienced ones. But what's sad is that these mentors aren't for real and many of them are fake ones that don't really trade.

They teach the basics but they don't do it in real life for their own trades.

They sell the courses and that's how they make profit with. But if there's something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?
For me, it is the most common mistake of newbies, especially those who are learning how to trade.
I think most of us experienced this, but having to learn on our own and having our knowledge will help us to become good traders.

There are also some people who are learning by copying other people, but for me, this is just on the beginning, it's like you are copying or adapting someone's knowledge on trading.
However, mistakes are experiences and will make us keep learning and getting better.
indeed to become a crypto trader is not easy and there are many things to learn because of the complexity of trading,
imitating I think it's legal but those who do it need to be responsible for their own decisions and risks


Title: Re: Trading system understand
Post by: Zilon on June 25, 2022, 09:14:15 AM
5. Dont follow what other traders do. must be learned by them. not to copy.
With what I see today, newbies tend to follow the experienced ones. But what's sad is that these mentors aren't for real and many of them are fake ones that don't really trade.

They teach the basics but they don't do it in real life for their own trades.

They sell the courses and that's how they make profit with. But if there's something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?
Copy trading is the most riskiest form of trading. I know of a crypto mentor who always make his student feel no matter how good they get in analyzing trends they will always need his signals and confirmation to make any trade and most times those predictions moves in opposite direction.

Gaining good knowledge about the crypto trading system is the way out of been mislead through copy trading. Just as boyptc stated copying a trade should be a confirmation and not the sole base of making decisions on trades because in the crypto market no one always get their analysis 100%


Title: Re: Trading system understand
Post by: palle11 on June 25, 2022, 11:57:38 AM

5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don't care about quality of the project . in this case most of newbies to the crypto  are lossing their money by following those influencers and buying what they recommend and loss the money.


This is surely true, many social media and YouTube videos are only to enrich the bloggers and not for the readers benefit. You mentioned indicators, true it is better to understand the indicators that better fit into your trading pattern and not to depend on the influencers because nothing comes to you freely. Understanding the indicators and combination of them helps us to get profit. Hard and rigorous personal study will give us the real understanding.


Title: Re: Trading system understand trading
Post by: boyptc on June 25, 2022, 07:31:37 PM
5. Dont follow what other traders do. must be learned by them. not to copy.
With what I see today, newbies tend to follow the experienced ones. But what's sad is that these mentors aren't for real and many of them are fake ones that don't really trade.

They teach the basics but they don't do it in real life for their own trades.

They sell the courses and that's how they make profit with. But if there's something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?
This is very common, those which know how to trade do not really need to use their time to write books about the subject as they can easily get more profits with less effort if they trade the markets, however since there is such a huge demand for books and trading courses then traders which know something about the market but which do not have a history of making profits in the markets end up as teachers, which cannot show their students how to profit from the markets since they do not know how to do that on their own.
It is the other market for them.

Little did they know that there's a better and more sure money by doing that so they focus on it eventually. It is the reality that I've seen from trading and those that can't do it but has a knowledge are making money from teaching.

It is not just one person that I've done that but too many to mention and they just keep on growing in numbers.


Title: Re: Trading system understand trading
Post by: OcTradism on June 26, 2022, 03:31:17 PM
Little did they know that there's a better and more sure money by doing that so they focus on it eventually. It is the reality that I've seen from trading and those that can't do it but has a knowledge are making money from teaching.

It is not just one person that I've done that but too many to mention and they just keep on growing in numbers.
If you think you always can get profit, you will not be winner but will be loser. The market moves in a way that surprises the crowd so if you and the crowd think it is bullish, bear will come. If you and the crowd feel bearish, open short positions with too high leverage, the market will become bullish.

Trading is not easy to understand. You can learn many courses, spend many time in trading but it does not give you a guarantee that you will be a winning trader. It's very difficult as most of traders are losers as the rule 80 - 20


Title: Re: Trading system understand trading
Post by: boyptc on June 26, 2022, 09:11:43 PM
Little did they know that there's a better and more sure money by doing that so they focus on it eventually. It is the reality that I've seen from trading and those that can't do it but has a knowledge are making money from teaching.

It is not just one person that I've done that but too many to mention and they just keep on growing in numbers.
If you think you always can get profit, you will not be winner but will be loser. The market moves in a way that surprises the crowd so if you and the crowd think it is bullish, bear will come. If you and the crowd feel bearish, open short positions with too high leverage, the market will become bullish.

Trading is not easy to understand. You can learn many courses, spend many time in trading but it does not give you a guarantee that you will be a winning trader. It's very difficult as most of traders are losers as the rule 80 - 20
I think that mindset is totally okay, that means positivity and you're trying to outlook to the market through having that thought that you can make money on it as most times.

However, it's also true that it's hard to make from it at most times and you need to rethink of being too easy on it because trading isn't easy and making money from it takes a lot of time including the experiences.


Title: Re: Trading system understand
Post by: crzy on June 26, 2022, 09:32:22 PM

5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don't care about quality of the project . in this case most of newbies to the crypto  are lossing their money by following those influencers and buying what they recommend and loss the money.


This is surely true, many social media and YouTube videos are only to enrich the bloggers and not for the readers benefit. You mentioned indicators, true it is better to understand the indicators that better fit into your trading pattern and not to depend on the influencers because nothing comes to you freely. Understanding the indicators and combination of them helps us to get profit. Hard and rigorous personal study will give us the real understanding.
Though you can learn also from a legit influencer who are sharing real deals idea about trading but of course you still need to analyze your own so you can be more effective in trading. Learning how to use indicators are very important, this is the key for you to succeed, and in trading we should always do this according to our own strategy and plan, trader should not be more emotional about the market and better to stay focus.


Title: Re: Trading system understand
Post by: sakil200 on June 29, 2022, 06:07:44 AM
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.


Title: Re: Trading system understand
Post by: jrrsparkles on June 29, 2022, 01:00:56 PM
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
Not guaranteed which is also you have mentioned it so that some newbies don't go really hard at every news and learning the technical analysis of cryptocurrencies by paying some money to the same cryptocurrency influencers or reputed traders we all are talking about. Trading is buying and selling so we can find out strategies with no limits and it may work some time and not for most of the times.


Title: Re: Trading system understand
Post by: noorman0 on June 29, 2022, 01:31:18 PM
-snip-
5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don't care about quality of the project . in this case most of newbies to the crypto  are lossing their money by following those influencers and buying what they recommend and loss the money.

Most of those influencers Charge  more than $3000 Per 1 post from their Social media accounts.

This is not included in the trading system in general, the influencers in the explanation only claim to be promoters of this product and business, including part of the pump and dump scheme, while their background is completely unrelated to this field.
Actually a lot of influencers are real traders, and it's recognizable how they explain the trade and some important notes (disclaimer) as a prologue.


Title: Re: Trading system understand
Post by: serjent05 on June 29, 2022, 03:33:09 PM
I found an article[1] that deeply discusses trading system.  If someone is interested it can be found in the link below.

I would like to capitalize on the suggestion given in that article. It says:

  • No matter what trading system we use, we must thoroughly examine the strategy. Presently, there are many solutions that offer to analyze your trading systems for you, giving you a detailed report on the pros and cons. This is a huge timesaver compared to having to analyze the trading system all by yourself.
  • It is ultimately up to the individual investor to perform his or her due diligence on the trading system that they want to use.
  • The key thing to remember is to not only focus on the gains over a specified period of time, but also the maximum drawdown and risk exposure of the system. For example, if a trading system that trades during a bear market is making a lot of profits when the markets are falling, it doesn’t mean much. The trading system should also be tested during a market uptrend as well.
  • Other factors to consider include understanding what assets to use the trading system on, and the time frame for holding the trades as well.


[1] TRADING SYSTEMS – EVERYTHING YOU NEED TO KNOW (https://www.tradingsim.com/day-trading/trading-systems#:~:text=A%20trading%20system%20is%20a,like%20a%20blueprint%20for%20trading.)


Title: Re: Trading system understand trading
Post by: wiss19 on June 29, 2022, 05:59:55 PM
Little did they know that there's a better and more sure money by doing that so they focus on it eventually. It is the reality that I've seen from trading and those that can't do it but has a knowledge are making money from teaching.

It is not just one person that I've done that but too many to mention and they just keep on growing in numbers.
If you think you always can get profit, you will not be winner but will be loser. The market moves in a way that surprises the crowd so if you and the crowd think it is bullish, bear will come. If you and the crowd feel bearish, open short positions with too high leverage, the market will become bullish.

Trading is not easy to understand. You can learn many courses, spend many time in trading but it does not give you a guarantee that you will be a winning trader. It's very difficult as most of traders are losers as the rule 80 - 20
Yeah that mentality is wrong. There is no such thing as until profits here but for those who want to enter should be realistic and always realize that there's a chance to lose, in that way they will not risk money too much money and they can stop once they already made some gains.

The market moves in a mysterious way so don't expect that your predictions can occur if you don't want to get a lot of disappointment but better if you can just go with the flow and do actions whatever the market is throwing at you. Learning more courses and spending more time is still better than the opposite because that can still contribute to the trader.


Title: Re: Trading system understand
Post by: minime0105 on June 29, 2022, 08:20:24 PM
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness


Title: Re: Trading system understand
Post by: sakil200 on June 30, 2022, 10:03:47 AM
When it comes to trading, there are times when the emotions of our human life will want to control our trading strategies and the rules that we have set for our own trading. Remember you cannot expect revenge from the market.
Don't be vindictive and passionate about any particular century in the market


Title: Re: Trading system understand
Post by: Fatunad on June 30, 2022, 10:59:35 PM
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness
Some do go for full time and some do make it out as a side income and it do really fits out into those categories which is something that everybody could really engage on if you are really that serious or minding about
grasping some opportunities to earn more but of course you should know and accept the risk involve because engaging doesnt automatically means that you would earn money.You would still need lots of adjustments
and awareness on how this market works or moves.There are lots of trading system out there which it do really make yourself to be that prepared on trying out different strategies and things for you
to sustain yourself in the market.


Title: Re: Trading system understand
Post by: Xampeuu on July 01, 2022, 06:44:07 AM
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness
after learning, of course have to practice a lot for real trading. from here learning real trading begins, we will understand for sure the difficulties of trading, and that is precisely what becomes the basis for us to understand the world of trading. bitcoin has become a cryptocurrency icon, so in analyzing it, we must pay attention to the movement of bitcoin, and must be serious about knowing its behavior to seize an opportunity


Title: Re: Trading system understand
Post by: ningrum on July 01, 2022, 11:11:06 AM
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness
after learning, of course have to practice a lot for real trading. from here learning real trading begins, we will understand for sure the difficulties of trading, and that is precisely what becomes the basis for us to understand the world of trading. bitcoin has become a cryptocurrency icon, so in analyzing it, we must pay attention to the movement of bitcoin, and must be serious about knowing its behavior to seize an opportunity
It would be very different indeed if we only learn theory without doing direct practice in trading,
because when we enter the market then it will be a little different,
moreover the crypto market is very volatile and that makes an experience


Title: Re: Trading system understand
Post by: KingsDen on July 01, 2022, 01:22:46 PM
3. system must provide profit in the long term run
Some newbies doesn't like systems that produce profit in the long term run. They rather want it so fast and that is the reason they lose genuinely or they lose to scammers. The urge to earn as quick as possible is a very bad desire.

4. Respect your system
In as much as we have to respect the system, we need to be confident with the system, trust the system and be patient with the system. A system is not to be discarded because it failed to produce the required result.

5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important )
Very important. It takes a special skill to be successful in copy trading. Alot of manipulations are needed.
Meanwhile, in all what is needed is skills and patience.


Title: Re: Trading system understand
Post by: LUCKMCFLY on July 25, 2022, 03:32:05 AM
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness
after learning, of course have to practice a lot for real trading. from here learning real trading begins, we will understand for sure the difficulties of trading, and that is precisely what becomes the basis for us to understand the world of trading. bitcoin has become a cryptocurrency icon, so in analyzing it, we must pay attention to the movement of bitcoin, and must be serious about knowing its behavior to seize an opportunity
It would be very different indeed if we only learn theory without doing direct practice in trading,
because when we enter the market then it will be a little different,
moreover the crypto market is very volatile and that makes an experience
In trading, not only must he be updated with the best technical analysis, nor with the best fundamental analysis, but the trader must have a general sense of everything that happens around him and at the world level, the fact of being aware of many Stock market indices and many things that have to do with the world economy have a great influence, especially in these difficult times, I believe that a trader is the most complete person that can be forged from any stage of the market.


Title: Re: Trading system understand
Post by: Mpamaegbu on July 25, 2022, 04:43:59 AM
1. indicators

*Leading And lagging indicator
Traders should know that it's better to stick to leading indicators than relying on lagging ones. Lagging indicators tend to play on the emotion of traders as they often repaint and adjust to the direction of price instead of remaining adamant like leading ones. That's why I like my line indicators of S&R, Trendlines, Pivot Points.

Quote
*Price pattern.
PA (Price Action) is important. There are traders who only rely on PA. Their eyes are where price is moving to and they check it on higher timeframes to ascertain their course of action.


Title: Re: Trading system understand
Post by: Alisha-k on July 25, 2022, 05:17:38 AM
You should also add this when your system starts to fail go back and re-develop your strategy. It could be greed has taken over or been overconfident has eaten up the strategy.

Keeping your strategy simple and easy to interpret gives you a good view of what you are meant to expect from the market. I won't totally discourage copy trading rather use what others are doing as a confirmation and don't rely on them completely. No matter how good you become with trading there are times your analysis will fail you so confirmations from what others are analyzing can help avoid some losses.


Title: Re: Trading system understand
Post by: virasisog on July 25, 2022, 04:52:08 PM
Quote
5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don't care about quality of the project . in this case most of newbies to the crypto  are lossing their money by following those influencers and buying what they recommend and loss the money.

This is an important reminder especially for beginners who seek advice and help from professional traders. Everyone has their own strategy but we could have a unique strategy that will fit our goals in trading. The strategy of others isn't always applicable in to our trading journey. Also, it's important that we pick wisely the right influencers that could truely impart their knowledge to us and not those who only promote for their own benefit or as much as possible, do your own research and try not to rely on them.


Title: Re: Trading system understand
Post by: gabbie2010 on July 25, 2022, 06:34:22 PM
Trading is a job where you always have to stay updated. There should be a supply of technical chart tables, updated news, etc. with every price rise and fall. In the palm of your hand which will help you to identify the market trend. Try it out.
trading is none man's job, because for trading now it is occupation that you are willing or interested to develop your self without anyone supporter. Because if you fails to learn right well it will affect your trading and if you don't learn well and understand the format of trading. Because when bitcoin falls it's you that can bring solution for your trading pattern. Bitcoin is currency that you have to understand the root before trading, so it needs more formation and seriousness
after learning, of course have to practice a lot for real trading. from here learning real trading begins, we will understand for sure the difficulties of trading, and that is precisely what becomes the basis for us to understand the world of trading. bitcoin has become a cryptocurrency icon, so in analyzing it, we must pay attention to the movement of bitcoin, and must be serious about knowing its behavior to seize an opportunity
Learning curve toward becoming an experience trader is very long thus a trader must be kept abreast of all the latest fundamental news, modification of the trading strategy if the need arises and the trader must remain focus and avoid all form of distractions by avoiding numerous indicators on the chart which might give conflicting signals that might result to losses thus the trading strategy must be KISS "keep it simple stupid" though two or at most three indicators that aids a trader is good such as Moving Averages for trend direction and RSI for oversold and overbought.


Title: Re: Trading system understand
Post by: Silberman on July 26, 2022, 03:30:03 AM
Learning curve toward becoming an experience trader is very long thus a trader must be kept abreast of all the latest fundamental news, modification of the trading strategy if the need arises and the trader must remain focus and avoid all form of distractions by avoiding numerous indicators on the chart which might give conflicting signals that might result to losses thus the trading strategy must be KISS "keep it simple stupid" though two or at most three indicators that aids a trader is good such as Moving Averages for trend direction and RSI for oversold and overbought.
This is something that most newbies do not expect and yet it is very real, the learning curve for trading is huge, it may seem to be the easiest thing in the world to buy an asset and then sell it for a higher price, but when every single person is trying to do the same then it is easy to see why something like this can become so challenging, also if you take a lot of notes as years pass by you will notice how detailed your strategy becomes compared to your early days, and that is when you understand why you never made profits as a newbie.


Title: Re: Trading system understand
Post by: palle11 on July 29, 2022, 10:22:40 PM
also if you take a lot of notes as years pass by you will notice how detailed your strategy becomes compared to your early days, and that is when you understand why you never made profits as a newbie.

Despite that we compare notes of past and present of our trading strategies, we are still going to notice mistakes in the future when we do another comparison. This means trading is a continuous process as we get better by the day and we can't be perfect in trading because it is speculative in nature. Price is not stagnate and it is coming with new challenges as it changes, we can cut down on our losses by using money management.


Title: Re: Trading system understand
Post by: livingfree on July 29, 2022, 10:59:50 PM
I agree, never really entrust your decisions to influencers when its come to trading.

You will never find them trustworthy because they can be paid and they do not really move according to their posts.

It is all about the paid posts and that's how they make money.


Title: Re: Trading system understand
Post by: LUCKMCFLY on August 15, 2022, 03:22:03 AM
I agree, never really entrust your decisions to influencers when its come to trading.

You will never find them trustworthy because they can be paid and they do not really move according to their posts.

It is all about the paid posts and that's how they make money.
There is something to emphasize here, many of the things that people are influenced by are not only influencers, but also the news, I don't know, but I really don't believe much in the news, because I have read some books and for example Jesse's Livermore always made references to not seeing news before doing his analysis, the first one did his analysis and had his way in which he was going to trade, so that his analysis would not affect him, sometimes there is news that is generated after a movement, and never before a movement, so for sure we often do not know the reason for some movements.


Title: Re: Trading system understand
Post by: ethereumhunter on August 15, 2022, 08:52:08 AM
5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don't care about quality of the project . in this case most of newbies to the crypto  are lossing their money by following those influencers and buying what they recommend and loss the money.
That's right. The crypto influencers you find on social media are not necessarily telling the truth because we don't know their motives for providing that info. But you can use their information as material for your further analysis to find other information that may be useful for you. By analyzing to the best of our ability, it is hoped that we can learn better and improve our trading skills. So when you get information from other people, you should search for the other information and compare it before you decide.


Title: Re: Trading system understand
Post by: landheer on August 15, 2022, 12:04:19 PM
indeed we have to understand the trading system, because if we don't understand the trading system, we will most likely harm ourselves, and the money will be drained, and I personally experience losses because I am a beginner in crypto, and do not understand crypto, but I do not give up and finally I started to study and think, about how to trade well in crypto. but eventually I started to learn from my experiences and failures, so in my opinion, with failure it will grow new knowledge for us and of course new motivation.


Title: Re: Trading system understand
Post by: samcrypto on August 15, 2022, 12:26:32 PM
indeed we have to understand the trading system, because if we don't understand the trading system, we will most likely harm ourselves, and the money will be drained, and I personally experience losses because I am a beginner in crypto, and do not understand crypto, but I do not give up and finally I started to study and think, about how to trade well in crypto. but eventually I started to learn from my experiences and failures, so in my opinion, with failure it will grow new knowledge for us and of course new motivation.
Don't get used to that failure because if there's still a failure despite of all the learnings and experiences, most probably there's something wrong with your execution and you have to address that right away or else you will just lose more money. Trading is very risky, and its time consuming so if you don't have much time to analyze I suggest to trade long and go for the best coins instead. Remember that TA can also work in long term position, so adjust your decision based on your own timeline.


Title: Re: Trading system understand
Post by: ItsCrafty on August 15, 2022, 04:32:02 PM
There are some individual who even do not know about crypto and start trading so in this way they loss their whole revenue. Once more thing is that they asked for everyone about trading whether he knows about trading or not. I think that you should asked but remember one thing that not every person is a crypto expert, he just give you advise, sometimes it works and sometime it become the cause of your failure. You just think about your success and investigate about coin but never copy another person as it can be bad for you. Set your mind and work accordingly.


Title: Re: Trading system understand
Post by: Cryptomultiplier on August 15, 2022, 05:19:09 PM
If there is one thing I have come to understand about persons trading and making profits from crypto vs persons who intend to venture into the crypto business is that when one comes to terms with losses incurred either due to ignorance of how the system functions or for some other reasons, it takes courage to learn from the losses and further re-invest. One takes the risk because of the potential to succeed. Newbies trying out crypto investment shouldn't be scared of making losses as it is an opportunity to see how better options can work. Understanding can be harnessed from trial and error.