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Economy => Trading Discussion => Topic started by: balotelli on March 17, 2023, 05:29:42 AM



Title: Is anyone using Price Action to trade full-time?
Post by: balotelli on March 17, 2023, 05:29:42 AM
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?





Title: Re: Is anyone using Price Action to trade full-time?
Post by: Oshosondy on March 17, 2023, 08:27:20 AM
You want to become a full time trader? Which means you want to fully depend on trading, isn't it? That is not advisable at all, you should have other business that you are doing. In trading, you need proper quality trades, this can be done or maximized if you have other things that you are doing other than trading. Trading is good if you go in the proper direction.

Price action is good, but it is only meant for traders that are very patient. Many institutional and retail traders can even make use of it, but it has its own strategies that are used to trade it. Traders that are using price action to trade are patient, they may not open trade until they see a massive increase or decrease in the price of a coin, like bitcoin. If the price has increased or fallen very significantly, they open a sell or buy position so that they can make money and profit from it. They may not stay long at times because the market may first go your direction and start to go opposite direction later.

There are some strategies that can be helpful for it like trend trading, trend after a retracement entry, trend after a breakout entry and many others. If you can learn about it very well, be patient before making decision, you can make money from price action. But you also need to set price alerts too to make sure you are notified if certain price has been gotten too.

Lastly, you should always remember that you should not use the amount of trading fund that is more than the amount of money that you can not afford to trade. Also read more of risk management. Do not let trading interfere with your quality daily time too.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: balotelli on March 17, 2023, 09:16:36 AM
You want to become a full time trader? Which means you want to fully depend on trading, isn't it? That is not advisable at all, you should have other business that you are doing. In trading, you need proper quality trades, this can be done or maximized if you have other things that you are doing other than trading. Trading is good if you go in the proper direction.

Price action is good, but it is only meant for traders that are very patient. Many institutional and retail traders can even make use of it, but it has its own strategies that are used to trade it. Traders that are using price action to trade are patient, they may not open trade until they see a massive increase or decrease in the price of a coin, like bitcoin. If the price has increased or fallen very significantly, they open a sell or buy position so that they can make money and profit from it. They may not stay long at times because the market may first go your direction and start to go opposite direction later.

There are some strategies that can be helpful for it like trend trading, trend after a retracement entry, trend after a breakout entry and many others. If you can learn about it very well, be patient before making decision, you can make money from price action. But you also need to set price alerts too to make sure you are notified if certain price has been gotten too.

Lastly, you should always remember that you should not use the amount of trading fund that is more than the amount of money that you can not afford to trade. Also read more of risk management. Do not let trading interfere with your quality daily time too.
Thank you for your analysis and advice. As you said, risk management and patience are the keys to trading.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: blockman on March 17, 2023, 09:28:35 PM
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
I guess that many are also using that method and if you're planning to become a full-time trader, it's more likely that you've been quite well in the market and you think that you'll be able to take the risky path of being a full-time trader. There's no need for you to manage your time but just need to monitor the market on a daily or every other day basis or any time you wish. But it's also best to learn more about the other strategies that are in the market and you should be aware of reading the charts and candles as much as possible so that, you can choose the best possible strategy that you're confident that you'll be able to use as you day trade. It may sound simple as it may seem but it's really hard to be one.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: crzy on March 17, 2023, 09:54:29 PM
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
Aiming to become a full time trader will require more knowledge about it, Price action is a good one but of course you still need to learn other indicators so you can know if PA is not working you can still use your other strategy to deal with the market. Trading is not easy and there’s no assurance for profit here, if you want to trade full time make sure you are financially capable to do this.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: tbct_mt2 on March 18, 2023, 09:41:53 AM
Price action is a good method that can help you to build up your own strategies to succeed with trading.

Like other methods and many strategies, you can not apply it every time and succeed. Trading is difficult and most of traders lose money with trading and it is a big note you must know and keep in mind.

There are supports and resistances which flip together at important point in the market. Those flippening points are dead points for most of traders as market will have either Long squeeze or Short squeeze and traders who don't exit market by closing their positions will be liquidated by market and exchanges. Liquidations when happen will eat most of your initial capital.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Coin_trader on March 18, 2023, 09:49:37 AM
Price action is a trading strategy that highly depends on candle behavior. It ignores indicators and any fundamental analysis which makes user focus on the candle stick. This is a good strategy for token that performing with same pattern for a long time like Bitcoin.

I just don’t know if being a full-time in crypto trading is advisable since there’s a time which the price moves abnormally in a very volatile manner you can lose hard at some point of your trading that might cause you to lose all your profit that you earn on your previous trade. You might encounter a lot of fake sign on crypto trading because there’s always a risk of manipulation from whales.

Stocks and forex are the best asset to  use this strategy because they are consistent. The only consistent in Bitcoin is the pump and dump based the fundamentals which is being disregarded by your strategy. This is not a good idea if you will do it in daily basis.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: dansus021 on March 18, 2023, 10:33:35 AM
Can u share the chart of price action trading I just want to know, it might suitable for me too.

But before deciding to become full-time trader you need a lot of consideration. Everything can be wrong you know right the risk of trading.

Real money is at stake and also controlling emotion and money is sometimes can be hard. But Good Luck with your trade.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: borovichok on March 19, 2023, 06:20:12 AM
Price action is a good method that can help you to build up your own strategies to succeed with trading.

Like other methods and many strategies, you can not apply it every time and succeed. Trading is difficult and most of traders lose money with trading and it is a big note you must know and keep in mind.

There are supports and resistances which flip together at important point in the market. Those flippening points are dead points for most of traders as market will have either Long squeeze or Short squeeze and traders who don't exit market by closing their positions will be liquidated by market and exchanges. Liquidations when happen will eat most of your initial capital.
Market trends are surpassed by price actions in the market during a trade. However trading is a difficult task to point out profits but with good trading strategy, one should be able to flip a $200 accounts into a $400 or $600 within 10mins, can be possible with in the lostsize of 10.00 or 5.00. Price actions is very active in the market with strong backup resistance and support on trading charts. Although liquidation is available for those traders that triggered wrong trading and they're not eager to close the trade in a hurry because they think it might bounced back to their trading target.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: GeorgeJohn on March 19, 2023, 06:35:24 AM
After researching many methods, failing many times, losing money many times,
Trading is quite good and admirable when you understand the scope of Trading without venturing into the lost aspect frequently,  so therefore I believe that trading have to do with skills and concentration, which if you wants to be full time trader have to be curious and learn the rudiments of Trading and also comprehend the factors that hinders trader's or leads trader's into negative impact during Trading,  what I will advice,  is to scrutinised the market and learn how to use chart to examine  increment and decrement of market.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: ethereumhunter on March 19, 2023, 07:52:00 AM
If you feel that PA can be useful for trading, I think it might be the most suitable for you. Usually, traders constantly looking for methods that can work for them will find which strategy or method can help them in trading and you have found it so that it can work for you.

My advice is that you really understand PA and keep practising so that your market analysis skills can improve. In trading, I just try to buy low and sell high and if I can only make a small profit, that's enough for me but I will repeat the trade a few times. Usually, I decide to trade like that if the market movement is good so I can enter the market on time.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: death69 on March 19, 2023, 08:09:29 AM
Oh, I hear you loud and clear! I've been down that road too, trying a million trading methods and torching my wallet before I finally settled on PA. It looks simple, but it's got some serious punch when you master it!
Dream big, my friend! Full-time trader? Bring it on! When I first dipped my toes into trading, I was dead set on becoming a millionaire in no time. Didn't happen, but hey, shoot for the moon! Just remember to stay focused, disciplined, and don't let the market bully you.



Title: Re: Is anyone using Price Action to trade full-time?
Post by: tbct_mt2 on March 19, 2023, 02:11:01 PM
Market trends are surpassed by price actions in the market during a trade. However trading is a difficult task to point out profits but with good trading strategy, one should be able to flip a $200 accounts into a $400 or $600 within 10mins, can be possible with in the lostsize of 10.00 or 5.00. Price actions is very active in the market with strong backup resistance and support on trading charts. Although liquidation is available for those traders that triggered wrong trading and they're not eager to close the trade in a hurry because they think it might bounced back to their trading target.
Price action reflects market psychology that is very important for market movement so if you manage it, you can trade well. A next issue is manage your portfolio safely enough. By safely enough, I mean you won't use all money for trading and don't think you will get profit with every order you open. You will have to accept that if your order does not give you profit, you have to exit it to protect your capital as much as possible.

A draw or a small lost exit is better than a big loss or a serious liquidation. If any trader can do it disciplined, he is a true trader because he can do a most important thing with a trader, protect his capital.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: palle11 on March 19, 2023, 03:17:59 PM
After researching many methods, failing many times, losing money many times,

Don't feel frustrated because trading is like that so you are not the only one in that outcome but if you have passion for trading then you will go on until you find a profit taking strategy.


I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader


Alright and congratulations that you have finally landed yourself in one pattern you feel is the goose that will lay the golden egg.
So you want validation to your PA right? Sorry nobody will rely just on one trading indicator. Combine your price action with other indicator to see if you will like it more, that will help you to get confirmation to enter trade or not.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Flexystar on March 19, 2023, 04:31:07 PM
Gonna rely on the single method in the trading world? You better be ready for various types of strategies to overcome your losses in the long run. By the way it’s not as easy as it sound. Just having few months to a years experience isn’t enough when entering into the crypto trading. The market is so volatile and unpredictable that one method may not continuously work on your trading for that particular trade zone. People are plotting dozens of graphs to understand the next move of crypto and here we are just relying on single only method. That ain’t gonna work for very long mate. In addition, it’s highly risky to put all the faith in single income source. Better yet manage that properly.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Xampeuu on March 20, 2023, 02:07:16 AM
Gonna rely on the single method in the trading world? You better be ready for various types of strategies to overcome your losses in the long run. By the way it’s not as easy as it sound. Just having few months to a years experience isn’t enough when entering into the crypto trading. The market is so volatile and unpredictable that one method may not continuously work on your trading for that particular trade zone. People are plotting dozens of graphs to understand the next move of crypto and here we are just relying on single only method. That ain’t gonna work for very long mate. In addition, it’s highly risky to put all the faith in single income source. Better yet manage that properly.
if there are too many strategies or trading methods, in my opinion, it will also make us dizzy, in my opinion, several methods are enough to respond to market movements. or just relying on one method can also make us successful in trading, as long as we can find out the weaknesses of the trading system that we use, considering that there is no trading system that is suitable for use in every market condition, of course there are weaknesses, and we must be prepared for the risks, this is where Psychology plays a very important role


Title: Re: Is anyone using Price Action to trade full-time?
Post by: wajik-tempe on March 20, 2023, 01:23:01 PM
There are many traders who use price action (PA) as their primary trading method and aim to become full-time traders. However, it's important to remember that trading can be a challenging and risky endeavor, and success requires not only a sound trading strategy but also discipline, patience, and risk management skills.
It's essential to continue to study and refine your trading approach over time, and to be open to adapting your strategy as market conditions change.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: |MINER| on March 20, 2023, 03:10:59 PM
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
In my opinion I think it will not be perfect for doing full time trading with using only one method. I wouldn't say  full time trading is that kind of  bad things because now a days many peoples are doing it professionally and also gaining a good amount of profit and it has also created a potential market in today's world. So I would consider this as a possible way. But trading is a very high-risky subject, everything changes in a moment in trading, so one type of method has not to be used every time.  So I would advise you not to limit yourself to one method to become a full time successful trader.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: RealMalatesta on March 20, 2023, 06:59:59 PM
After researching many methods, failing many times, losing money many times,
Don't feel frustrated because trading is like that so you are not the only one in that outcome but if you have passion for trading then you will go on until you find a profit taking strategy.
[/quote]
Maybe he just count the times that he lose but not the times when he won? He keeps on looking for another strategy or method thinking the one that he uses is not working anymore only because he failed one or two times but sometimes all we need to stick with it and maybe lower only the amount that we are placing.

Once we feel that our strategy is working fine again, that is the time to increase the amount that we are using in our trades. If he is not contented on some strategies that he is using, he will also feel bored on this new strategy that he found which is called price action once he feel that it's not really doing well. The problem is not the strategy but it's about his mentality or attitude.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: disconnectme on March 21, 2023, 10:50:11 AM
Do you want to become a full-time trader? Which means you want to fully depend on trading, isn't it? That is not advisable at all, you should have other business that you are doing. In trading, you need proper quality trades, this can be done or maximized if you have other things that you are doing other than trading. Trading is good if you go in the proper direction.


Well said and please think about this advice before quitting your job and jumping into trading full-time, if you have set aside some funds that will take care of you for like 6 months good because the stress that comes with trading is huge, forget all these twitter guru posting their trading journal on Twitter, there is one that I followed his live trading of recent to see truly how is his performing, I discovered, he is losing money, I was shocked. I am not saying you can't make it through trading but think about this very carefully and know that your skill-sets fit into this, emotionally, psycologically, finally and socially fit fo this


Title: Re: Is anyone using Price Action to trade full-time?
Post by: palle11 on March 22, 2023, 10:38:12 AM

The problem is not the strategy but it's about his mentality or attitude.

I do agree with this. Having the erroneous believe for always having to make profit and not giving in to losses too will make a trader jump from one strategy to the other thereby making more mistakes. It is better to build a commitment to our strategy because no strategy is perfect and every strategy has the potential for profit and for losses. We need the right kind of trading mentality and attitude which is there are profit taking and losses in trading business.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: gocryptoz on March 27, 2023, 10:19:10 PM
i advice you to learn how to trade from professional trader first or you will keep losing you're money

i can recommend you to a person who will teach you how to start trading even if you're beginner

with no experience and he will teach you how he enters, exits and all aspects of trading it's not a course

it's A complete personal education You Will learn How To trade live in a zoom call And You can ask any question you have.








Title: Re: Is anyone using Price Action to trade full-time?
Post by: samcrypto on March 27, 2023, 10:59:45 PM
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
That can be a good strategy if you know how to maximize it, there are some indicators as well that can help you analyze the whole trend and by using PA alone, that might not be enough. Price trend can be a good one, just add a few indicator to know the oversold and overbought level because that is where the price usually retrace.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: adaseb on March 28, 2023, 04:18:03 AM
I think if you want to master price action and be successful with it then you will need lots and lots of experience and that can’t be taught. You just need enough screen time and eventually you will get it. However keep in mind it will take years.

You won’t be an expert trader if you are only trading a few weeks or months. Just not enough to learn in that time. This is not a get rich quick business. You need to put a lot of time and effort to make it.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: rozak on March 28, 2023, 04:33:39 AM
Does anyone have the same method and goal as me?
I have another job at the moment, and being a full-time trader just isn't great for me. I've been trying to do day trading, running for almost a year. but I feel I am not that good at using multiple trading strategies. my last few losses have made me think about focusing more on Bitcoin investing.
if you want to trade full time no matter what strategy you use. I suggest you discipline yourself in managing your money. in the sense of trading capital and your personal money. I have made mistakes in the past by not managing my finances well. wish you success with your choice.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: nur rochid on March 28, 2023, 01:38:11 PM
Does anyone have the same method and goal as me?
I have another job at the moment, and being a full-time trader just isn't great for me. I've been trying to do day trading, running for almost a year. but I feel I am not that good at using multiple trading strategies. my last few losses have made me think about focusing more on Bitcoin investing.
if you want to trade full time no matter what strategy you use. I suggest you discipline yourself in managing your money. in the sense of trading capital and your personal money. I have made mistakes in the past by not managing my finances well. wish you success with your choice.
it's the same with me, where I'm not good at short-term trading. but even though I lost I kept trying, especially about discipline and mental factors. Whatever strategy is used, our goal is profit, but it must be in accordance with a healthy portfolio, so that we can monitor the development of our trading techniques. until now I am still learning and trying to make it happen, because I believe that in the end I will be able to enjoy trading properly


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Huppercase on March 28, 2023, 02:48:31 PM
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?

Is that enough to give you all the profits you need as a trader, I am not sure if that is enough to a trader, when you rely on only one technique, it wouldn't be enough to guide you in some ways, there are some points that you will reach, you will become hook and to go further, it will be hard. Like during the bull run, price action don't matter because this are the times the whales pump coins the way they like and techniques don't work during that time, you have to put in the support and resistance before you can understand what is happeining with trading and other indicators.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: cute nmp on March 28, 2023, 04:03:22 PM
Sure so many people out there are price action traders some don't use indicators at all trading the markets.There are also others that are very good at using indicators it just depends on which one you are good at and which one gives you consistent profits.I used both price action like patterns and Bollinger bands indicators when trading the crypto-market.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Kgdktac on March 28, 2023, 07:23:41 PM
It's great that you have found a trading strategy that works for you and that you have set a clear goal for yourself.

Keep studying and practicing your strategy, and always remember to approach trading with a level head and a long-term perspective.

 Best of luck in your trading journey!


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Junii on March 28, 2023, 07:37:43 PM
Yes, there are lots of traders who use  PA to trade full-time. Price action trading is a popular trading approach that involves analyzing the movement of prices on a chart to identify patterns and make trading decisions. It is based on the idea that price reflects all available market information, and that understanding price movements can provide valuable insights into market sentiment and future price movements. Successful full-time traders who use PA often have a deep understanding of market behavior and the ability to understand price movements and patterns with a high degree of accuracy. PA trading is highly risky.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: DigitalDerivativesMarkets on March 29, 2023, 04:45:15 PM
There are many trading strategies, price action does produce good results. The problem you might face is that price action used in Forex or other instruments will not produce the same results in crypto.

Some adjustments are needed, which you will discover over time. Due to the current correlation to US indices, you can try carrying your price action strategies on the indices, which may perhaps reflect in crypto, eth and btc mainly.

If you are new to trading, crypto is probably the worse place to begin. Try forex pairs first and progress from there.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Jody.Drummer on March 29, 2023, 05:08:36 PM
I think if you want to master price action and be successful with it then you will need lots and lots of experience and that can’t be taught. You just need enough screen time and eventually you will get it. However keep in mind it will take years.

You won’t be an expert trader if you are only trading a few weeks or months. Just not enough to learn in that time. This is not a get rich quick business. You need to put a lot of time and effort to make it.
True, the PA strategy is not that easy and it is true that it takes longer to master it, yes, although other strategies also definitely take time to understand and master it. Price Actoin or known as Naked Trading does not require many indicators, this strategy only requires a few patterns, such as support and resistance and looking at the patterns that occur on the candlesticks. But sometimes the movement deceives us and doesn't match what we expected in the analysis we did. Looks simple indeed, but must be with adequate knowledge as well.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: blackened515 on April 01, 2023, 06:31:35 AM
It's great that you have found a trading strategy that works for you and that you have set a clear goal for yourself.

Keep studying and practicing your strategy, and always remember to approach trading with a level head and a long-term perspective.

 Best of luck in your trading journey!
The market operations is just about finding the season and trading strategy that works for you, price actions are simply active than trends of the market. Finding comfort in trading is a goal for traders because they will stack up in profits at the end of the day. Traditional strategic are the requirements to be triggered before earnings, it whole a setup system for trading, I'm not going to adapt to a strategy and keep consistency doing it inother to perfect my confidence and formulation of it. Repetition of a particular trading strategy will give room reciprocated improvement and experience. 


Title: Re: Is anyone using Price Action to trade full-time?
Post by: GreatArkansas on April 01, 2023, 09:57:56 AM
I really admire OP for this. Because using a basic strategy or indicators or tools is always a good thing for me, as I am not a fan of too fancy technical analysis like there are a lot of lines or indicators on the chart.
I believe that basic indicators just like price action will really be effective, you just need to master them and have dedication.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: pgbit on April 01, 2023, 10:44:35 AM
After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
I have'not use PA but there are many traders out there with the same method and goal as you. You can find other traders who use PA as their main method by joining trading forums, searching for trading groups on social media, or even asking for advice on trading related subreddits. It's also a good idea to build a network of fellow traders to exchange ideas and discuss strategies.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Litzki1990 on April 01, 2023, 12:01:41 PM
If you want to be a full time trader then you need to focus on trading. As much as you know about trading, you need to expand your knowledge. In other words, you need to make adequate understanding about trading, analyze the market and you need to understand the right time to take trade. That is, if you take a trade at any time, you will be able to profit. 

There are some traders who take different trades only based on their guesses which result in them losing a lot later. If you take trading as your profession, you have to give your full attention to trading, maybe it will be a little difficult for you at first, but if you are patient, why do trading as your administration, then you can achieve a lot of success in life.


Title: Re: Is anyone using Price Action to trade full-time?
Post by: Crypto5060 on April 09, 2023, 10:43:25 AM
price action is a good trading strategy, i have been using it for some time to trade forex and it is efficient and reliable.