Bitcoin Forum

The cryptocurrency market is known for its swift movements, which can often lead to impulsive reactions. When you wake up to a sea of red in the market, the instinct might be to either rush in to buy or hastily sell. However, the best response often involves taking a step back. It's essential to learn to recognize warning signs that indicate you should pause and reflect before making decisions.

Investing in Bitcoin or cryptocurrency in general is more of a marathon than a sprint. You'll likely be part of this market for many years, and during that time, you'll witness significant fluctuations.

If you ever catch yourself hurrying to make a trade – Pause.

If you become irritable when someone interrupts you as you analyze your investments – Pause.

If you're consumed by doubts about whether buying or selling is the right move – Pause.

If emotions start to dominate your decision-making – Pause.


Your decisions should be made thoughtfully. You should have clear reasons for buying or selling a specific cryptocurrency and how it aligns with your overall strategy. Make choices based on your strategy's principles.

Whenever you feel rushed and find yourself making decisions without considering your strategy, step back and take a break. Return when you can approach your decisions in a deliberate manner.

Perhaps all you need is a short coffee break, or maybe you should step away for a day or even a week. Your portfolio will still be there when you return. Remember, you're not a day trader. You don't have to react to every minor market swing. Not a single day in the market should make you feel like you're racing against time.

One of the advantages of the Dual Investment Strategy, which I've discussed before, and it doesn't really demand constant attention. You can set up your portfolio, step back, and live your life, checking on your investments when it's convenient for you. Let your life schedule when you review your portfolio, rather than letting the market dictate your life. There's nothing in this strategy that necessitates an immediate reaction to market movements. Just because the market is moving rapidly doesn't mean you have to follow the crowd blindly. The same holds true for the Dollar Cost Averaging (DCA) method.

Buying for investment or buying for trading is different. The first one will be more calm and the latter one will be more emotional.

If you are an investor and applying Dollar Cost Averaging, dips are great chances for you to accumulate bitcoin and surely good for DCA. This is not applied for altcoins because altcoins are shitcoins. They can be minted during a dead spiral like Terra $LUNA and must note, many altcoin tokens have a Mint function to do the same thing did by Do Kwon in May 2022.

If I see the price of bitcoin drop to $20000 today, I will rush and buy more bitcoin. Investing and trading are different, but you post is more for traders not investors.

Because you do not doubt to open a position and you open a position, that does not mean that you are a good trader. Have you see a market that has fallen before, the indicators confirmed strong buy, you buy and the market just start to fall and fall more. Trading is very risky and a new trader may not know unless he has started to trade.

If emotional starts to dominate, yes it is better to stop trading at that time.

So, what you're getting at is, don't let your emotions run the show. We've got a strategy or game plan to stick to, and we can't allow our feelings to take the wheel. That's why we have these popular terms like FOMO and FUD - they're all about investors and traders making decisions based on their emotions.

No, not really for traders. That's why I talked about the strategy that could be quite productive. This strategy is primarily employed when you've identified key levels where you anticipate the market may retrace. Let me use myself as an example. I placed a bid using the Dual Investment Strategy at 26k when the market was at 28k. While many were eagerly anticipating a rise to 30k, I had my reasons to believe that the market might retrace. I didn't bother constantly monitoring the charts during the days when everyone was fixated on the possibility of a 30k breakout. It wasn't until yesterday that I noticed numerous traders discussing a 22k target.

This situation, albeit somewhat amusing, inspired me to write this. I wanted to encourage others to have faith in their strategies or perhaps consider using this approach to alleviate the fear of missing out.

In other words, think very well before making a decision. There is money involved, so it must be planned carefully. If you make a trading decision but don't have a plan, the probability that you want to happen is very low, especially if you are in a rush. Don't be afraid of not being able to keep up with the market trend if you see that you are late, there are many opportunities in the market so we don't focus our attention in just one thing. "Think before you click."

Except for point, No. 1 I think with the rest of the pauses I can definitely agree with OP, Emotionless traders are really rare, trading makes you emotional less here just a caution, Analysis is important for a confidential decision at least the analysis provides some logical grounds about your position.

The trading game revolves around how efficient your decision-making power is and decision-making requires logical grounds, analysis of sentiments of the market, etc, In the volatile market your quick pickup of decisions helps you generate profit, always keep in mind that you are not alone this market understand the physiology of the opponent hehe.

You are right. Trading like what the OP said is very helpful, because daily trading is about emotions and decision making as you said. Of course there will be a lot of pressure where your thoughts are about the profit you have to get. If emotions drag on too long then our trading will not be optimal or even lose.

Unlike investing as you say, every downturn is an opportunity to buy more. Because what we are aiming for is not profit today, but profit in the next few years and this makes emotions tend to be controlled.

However, you need to remember that all forms of investment have risks. So use the money you are willing to use, don't force yourself to use business capital, loan money and pension money.

As trader or investor you shouldn't allow emotions come between you and your thoughts on decisions to take with your trade or investment. Although op thread is more useful to traders than investors that are investing to hodl till the coin appreciate it requires no much skills all that's needed is being able to spot the right coin and invest while you wait for it to appreciate and also take advantage of every dip.

When a dip occurs in a market you don't expect an investor that is DCAing to pause seeing that an opportunity to buy has open for him. These market sentiments is strongly for traders not long term investors. As for emotions everyone in the crypto market must apprehend it in order to stay long in the market.

Knowing when to stop is also like knowing yourself more. Greedy people often do not achieve success but failure and that is a lesson learned that we must know how to deal with our emotions and much more about controlling our greed. Well, for newbies it seems not easy to know about it but for experienced traders or investors, we probably know when to stop.

 - stop if we already exceed our limits
 - stop if we feel uncomfortable and out of the plan
 - stop if we never understand that market situation

That means you have to have good self-control so that you don't feel rushed in making decisions when you see market conditions.
Moreover, before you trade, you should analyze to find entry and exit points from the market so that you can exit on time and not be affected by what is happening in the market.
That's the point of learning more about trading because it can help you create more strategies to anticipate things that happen in the market so that you can adapt to situations and conditions.
But trading with investments is different because you must analyze the market conditions every time you trade to know when you can trade.
But for investment, you have to determine at what price you want to buy the coins, in this case, bitcoin.
And if you use the DCA method, it won't be too difficult because you just follow the time period so you can buy bitcoin.

In other words, traders must respect consistent strategies and plans. The key is always, good emotional control is the determining factor.
But, sometimes someone can get another plan while the original plan is in progress. The decision isn't without reason, we know the crypto market is always interesting because it can provide varied strategies.

And this is why you would really be needing to be versatile because this market could really be having that drastic change on which it would really be resulting on having those kind of possible alterations with your initial
plans or analysis which you had made out earlier and just because you've seen that the condition or situation have changed then it wont really be that bad that you would really be making up some changed as well.
It would really be an endless trial and error that we would really be doing into this market considering that movements are really that totally random then it would really be that hard that you would really really be just simply sticking on a single strategy or analysis.

Whether you are investing or making up some trading then there's always having that limitation or border line on how far you could really be able to take up such risks.There are people who are really that risk
takers and there are ones who are really that conservative when it comes to this and this is why we do see different outcomes and results basing up on how they do make out such decisions or choosing
up on the things on what really must done. Knowing to stop and keeps learning on things will really be that a never ending one as long you do welcome new ideas and things you have
encountered along the way then it should really be just that fine to make out adjustments.

Emotions become the worst enemy in trading even investing as well, the reason why if we can’t control or stop it, it’s much better not to trade or invest. Otherwise, we will certainly lost our focus why we need to trade or invest in the first place, and won’t stick to the original plan or purpose since emotions run the show. If we know that’s already happening, take a break and just come back again when you know already how to control or lessen the involvement of emotions.

The points you mention are very helpful and effective but I think this strategy is necessary for the traders. Op both the trading and investment are slightly different from each other let me explain shortly to you. Trading is a process or a strategy that involves buying and selling but for the short term while investment is on the other hand long-term planning and the strategy you mentioned is best suitable for trading. In trading emotions are the biggest enemy which leads you to a loss for example your greedy nature and fears can involve you in the loss situation and to save from this one should clear and satisfy his mind about what he is buying and why. If he is imminent on the fear and greed he will be countable in the legend of traders.

So this is all about emotion and trading. It is well known that emotion must not influence our trading/investment decisions.  Traders/investors should maintain calm mind when they are to engage in their activities.  With calm minds come rationality.  With rationality, we can see how things are moving more precisely and proceed with our strategy accordingly.  It is also proven that trading with emotion often ends up with failure since we can't process our strategy correctly due to things bothering us.  So as a trader we need to pause for a while and calm ourselves down before proceeding, while investors must keep on their strategy and plans and do action only when their goal is met.

This is very helpful unfortunately, despite of having many insights here and many advices, many are still falling and many are still not following and that’s why they are failing with their investments simply because of being too greedy and not having a precise target or strategy. The market is very risky, learning when to stop is a must and that could be either for prevention or cut loss and for taking the profit, traders and investors should be more responsible because being greedy here can put you in a bigger risk.

This is the importance of maintaining a level head in the volatile world of cryptocurrency investments. For me, this is a journey that spans for years, during which I must weather storms and savor sunny days. We should know when we need to hit the brakes and really need discipline in this chaotic world of trading. I was easily swayed by the crowd until I stayed true to my principles and long-term vision, which led me to make more sound financial decisions. Let's maintain patience, discipline, and a clear sense of purpose in our financial endeavors.

Whether it’s trading or investing, one should always learn to make a good analysis about the outcome of any decision, if it resort into creating consequences or not. And as long as money is directly involved, any trader or investor should always do the right thing. That is why patience and controlling of emotions are a must. If you fail to follow them, most likely you are trading or investing for a loss, because you do it obviously with greed and high emotions involved.

Trading is about setting up your target price and your cut loss price, you should avoid being too greedy especially if the price already hits your cut loss price and your target price. I’ve lose so many opportunities because of being too greedy while holding and this is the lesson that I will apply on the next bull market, I’ll stick to my target price and will enjoy my profit while many are still chasing the market which for me is not ok.

The level of psychology in trading or investing that will cause one to become more greedy.
Because greed is a trait that must exist in every human being.

Only the level is different, if he can control it then it will not be too disturbing.
But when greed takes over then it will be a disaster.

Take a look at the Fear and Greed chart below.
When the Bitcoin market is not good like now there will be more fear and greed that occurs.
This proves that many users cannot manage themselves so they are too afraid and too greedy in uncertain conditions.

https://www.talkimg.com/images/2023/10/13/R3O2C.png

Source: https://coinstats.app/fear-and-greed/

One reason why traders hurry to place trades is because some may have set targets for themselves. They have set target of profit that they hope to make so they are always in the market to try to make profit off from it. So from trying to always make profit from the market, they sometimes may be under hurry to make  a hurried trade. Setting financial targets can be beneficial, but care should be taken not to put yourself under pressure that can lead to making hurried decisions, hurried decisions usually end up the wrong choices.

That is one style you can use to trade the markets, however there are those that like to let their profits run and accumulate as much money as possible, however as you have noticed this requires that as soon as the market moves against the current trend that you are decisive enough to sell your coins without any hesitation, but this can be difficult to do as many traders begin to question themselves about the possibly of the current trend to continue, refuse to sell in time and then they lose all their profits, with the possibility they may even incur in some losses as they still refuse to sell as they get mad they were not able to get out of their position in time.

Generally, I think for those that trade the future on some of this CEX, yeah, it's not very wise to rush to enter a position when you are not very sure of your prediction. Apart from those future traders, those who are buying low and selling high can take advantage of diving into the market the moment they feel they have a better chance to buy at a very low price, which I don't see anything wrong with. For example, if the Bitcoin price drops to $22k, most people will buy without caring if it will fall below that or not, and even if it does, they will not lose anything as long as they hold on to their asset.

Well, analyzing the crypto market requires one to be focused and concentrated, because the moment someone cuts your focus, you will get easily distracted, which can contribute to your loss. You know that the crypto market is very dynamic and volatile; for example, this minute you can see Bitcoin at $27,500 and next minute you will see it at $28,800, so one needs to be focused, and you could get irritated if someone keeps distracting you.

I think that if a trader keeps having a tough time making decisions about whether to sell or buy, then it's better to just take a break.

Many traders often make things harder for themselves. Take, for example, the beginning of this month when everyone was optimistic about Bitcoin's potential to surge during "Uptober." It began well. As a trader, it's essential to understand the typical levels where prices might retrace. You don't need to be entirely accurate, but sticking to your strategy is what truly matters. For investors, it's about knowing your next selling and buying points. It might sound simple, yet we tend to chase every trend. When we comprehend the market's sentiment, we should also know how to approach it.

And that is a big mistake and not to wonder why those who keep rushing end up losing their money.
Trading shouldn't be done that way but instead, it should be planned very well and set on timing. Putting pressure on ourselves because we have to hit our target, the more we are facing too high risk, and the bigger the chance of wrong trade. In this situation, it simply means that we are not be going to happy in the long run when pressuring ourselves. And the more it leads to bigger problems and ruins our plan.

Patience should exist in trading, not pressure.

There is no problem for a trader who is not going to take entry in a trade, when he takes an entry in a trade it would be the start of his profit or loss. After starting trading there must be some profit or some loss, while in rare cases there are some situations in which the trader is not in loss or profit. And I think a small profit can be good for a trader. But looking at the market conditions is very necessary, and taking care of the market condition is also important. A trader must be aware of the market, and he must have his strategies to get to some profit, If he didn't set some situations/strategies for himself then it would be really difficult for the trader to go smooth at trading in some aspect he may face problems.

Dont make yourself on making rush decisions on which on the time that you would deciding on having some entry because having rush decisions would certainly be ending up on having that kind of mistake or errors just because you are really that making yourself that in a rush then its impossible that you have made out some good analysis out of it but rather it would really be that opposite. As for learning then its something a never ending thing on which majority of us would really be that continue to learn as far as we do engage and learning or getting experience basing up on what we are doing. Learning on how to stop?
This is something that would really be part of our intuition yet there would really be moments on which we would really be able to notice out that its better to stop and sit idle rather than on making yourself
making action without even thinking on which is better.

Investing or whatever you are dealing with as long it do involves money then it would really be just that normal that you should really be knowing on what to do or on what are the
measures that you would really be needing to do as long it would be giving out that advantage then this what matter the most.

The important part of the trading will be holding after you buy at the right price using your strategy in the trading.The strategy building was the important one in the trading,the trader can create this by spending their valuable time in the trading.If you had learn the trading,So you will learn to hold the coins for the longer period.The trader who learned trading by spending their time in the trading,he will have the good patience for holding the money for the longer period.The holding was the important thing in the trading to get huge profit in trading.

That is definitely true. I think futures all by itself is a huge trouble and should not be all that common and not really have anything that would be understandable. I believe that we are reaching to a point where it is getting worse and I feel like there are way too many newbies who get involved with futures because online media is filled with a lot of people who made great returns and they want the same ones. In the end, futures is the riskiest form of investment and if you are not doing it right, then you are going to end up losing most of your money and you should try to avoid that as much as you could.

There isn't really anything that would be that decent, but that doesn't mean that you can get that decent return easily, it will be very difficult. I hope that we could reach to a point where it could get to a level when futures are only done by the experts who know what they are doing and could get a great return as well, that should be the case.

People who are under pressure, without realizing it, will definitely tend to make fatal mistakes, this is what causes many traders to suffer big losses, so it is very important for traders to apply full discipline to the trading activities they are carrying out, don't let their expectations fall too much makes them take wrong decisions and steps in their trading activities.  Just think realistically in trading and always apply that trading will not always give you a profit, then you will not feel too under pressure.

Discipline after learning the process,  I agree that if you decide things while you are in such pressure probably you will going to make a mistake, it's best to adopt how the system works and make sure not to stop from learning things around.  Trading  is a never ending learning experience,  you need to keep moving forward  and always have a backup knowledge with each participation that you made when you position your trades.

We should not forget also that trading can very addictive and the more we trade the more we see ourselves going back to trade more whether we are making winnings or not. Those that had been trading before now knows that there is a big challenges in trading especially for those people that are not getting result from it. We need to check ourselves and weigh the pattern and what could be responsible for our loses as a trader. We should not expect to start winning once we start trading. Trading is very technical and we need to check out ways to get a suitable results.

They may be setting financial targets or they are just too greedy to earn quick profits from trading, even if the market do not favor their trades. This is the reason why a lot will fail in trading because they only focus on their targets and goals, but not recognizing that the market has its own perfect time too when to trade. And once pressure hits them, then that would lead to unfavorable decision that will eventually make their trades unsuccessful.

hurrying in trades is okay, sometime you catch opportunities that you would otherwise miss, if the opportunity was kinda obvious then its okay.
but its bad when you are trading and you are in hurry because you want to make your cut loss back and your decision influenced by your emotion then it will spell fail for your trades.
for an investors, its always better to carefully select the entry so that in the future making profit gonna be easier.
the key with successful trades and investment is always the patience, always wait the right price to make entry which we deemed suitable then we can make our profit from there.

It's like a general stop loss where you know your limits. Stop loss is important because it's a decision you lose small or you lose big.
That's why it is very important in trading or in any investment.

That's why before you open a trade you must have already a plan, entry price, target price, and stop loss price. You don't  open a trade just for random because if so, it's just like a gambling, that's why there are technical analysis, fundamental analysis.

Yes, patience is something that will keep you in the trading business for a long time. I think that every trader should know how to be patient because not able to so will greatly affect your trading outcomes. Sometimes, we cannot avoid being emotionally driven and that is fine because it happens to all of us. But when this always happens, then you should probably assess yourself and little by little lessen your emotions when doing trading as it it will influence your decisions and strategies. And just like what the OP said, if you ever catch yourself hurrying to make a trade, you can pause for a bit. Remember that rush decisions often ends up with wrong choices. This also applies for investors, there is no point in rushing, you can do it slowly but surely.

That is a big mistake that many traders make, they try to impose their own views to a market that is unpredictable and chaotic by nature, and when things do not go according to their plan instead of adjusting their strategy they blame the market, the whales or the exchanges for their plight, when it is their fault they are in such a difficult situation, but even then they can still make the right moves and recover their money, but only if they are willing to acknowledge their mistakes and change the way they look at the market.

When making a prediction on a market whose nature can change at any time, it would be better for us to really know whether the decision we have made is appropriate for us to use or not, but if we use it and it does not work according to what we made then we must can adjust or find a way to solve it well, we can't blame the market. You are right, they will be able to restore their capital as long as they admit the mistakes they have made and study them well so as not to repeat the same mistakes again.

I mostly agree with everything that you have said. Those could be a great practice in order to control your emotion. The moment you learn to step back is the moment when you are going to move forward in your life. The market is evolving and in order to stay up to date with it, we need to change ourselves too. And those are great ways to do that.

But one thing I can't agree with is the thing that I have quoted above. DCA means you put a fixed amount of money after fixed amount of time and you keep doing it over and over. And what you are telling in the whole post does not helps to do DCA. After the certain period of time will pass whatever the market condition is you should put that fixed amount of money into your investment. That is DCA. I'm still confused how all of this relates to DCA. Could you please explain?

 Trading can be easy if one has other investments he's doing because if not it becomes difficult to keep your eyes away from checking the charts if you are a day trader. Bitcoin investment is not for the weak hearted and coupled with the volatility rate, it's best if you hold because that way you avoid running the risk of buying high and selling low.
I feel the Op gave some valid points and I feel this advice should not be limited to Bitcoin trading alone as it applies to every phase, especially if you are doing anything in relation to money, it's better to use a level head and not rush your decisions to avoid regrets later on.

Stop loss is a vital role in trading to minimize our losses, but sometimes we also make mistakes setting our stop loss making us regret after we see how our trade ends.

This is the normal thing to do right? I mean trading is preparing yourself to ride a wave not to dive into it. Just one piece of advice when trying to place an entry price, make sure you are setting at the history point of price, usually it always go back to that price pumping or dumping again. And for stop loss, just minimize your stop loss at -20%, Imma say that's the safest when it comes to minimizing your losses especially in huge trades.

If ever you do make or find yourself that already becoming that a gambler like- Pause
If you do ever find or make yourself do go beyond your limits in speaking about finances then STOP.
If you do find yourself that being impulsive and doesnt go along or to the right path on what you had made out plans then STOP.

Limitation would really be that crucial because not anytime it would really be the best time to make up trades on which there would really be things or factors on which it could really be affecting
your emotion and mindset on which its really that not good if you do still decide to continue. There's really that a particular moment on which you would really be needing to take some break or pause.
Knowing on when to stop is really that crucial because not all the time we could really make good trading positions or investment decisions.

It might that easy to say but applying this would really be that so hard on integrating or making it done due to each person does have their own control and discipline
on what are the things that needs to be done or something that do talks about your investment decisions.

Misuse of stop loss can only give you pain. You need to have extensive knowledge of technical analysis and the ability to make almost correct predictions. Stop loss is used by mostly interday or short term traders. If you are a long term holder then using DCA instead of stop loss will be the right approach as short term price movement won't affect your long term result.

If everything that is happening is not working according to your plan, then STOP. We all deserve a break when things are not doing good anymore. You don't have to be trading or investing at all times for you to maximize your profits, as over trading will sometimes lead you to lose a lot unexpectedly. That is the reason why we have to set limits in everything that we do so that the results will still be in controlled by us. Otherwise, if we let ourselves fed up with all these trading and investment profit goals, there will really come a time that all our emotions will burst out simply because we don't met the expectations that we have set.

Learn to take things one at at time. The best way to be successful on our endeavors is not by putting all our hardwork and efforts in it, but to learn to accept things that at some point, things may not work as it is. While trading and investing could give us the best profits we could ever dream of as long as they are done perfectly, but let's also not forget that those can also be a source of huge financial losses when things are not favored by the market itself.

Great advises.

It all sums up that when you're distracted and not focused, you better stop or something bad will happen to your trades. That's right, don't push it too hard when you're distracted and you can't focus with your analysis because it is your money that's being put in the line.

No matter what people say and disturbs you a lot, don't continue as trading is always free time and don't require us to trade at certain times. Maybe for some times, there are those moments like crucial times you're seeing some good entry and selling points.

But when disturbance comes to you, you're already losing that thought of what you must do. It's always okay to take a rest, a break and to stop when it is a must.

sometime some people getting too carried away by their emotion that they choose to continue to trade or invest even though they know they are making bad decision hoping that they could recover back their losses.
they should know that series of bad decision is exactly what gonna make them lose money further, its kinda no brainer that when their decision get influenced by emotion they'd choose the most non sense trading strategy ever hoping that miracle happening which it isn't gonna be happening.
thats why its better to take a break, but the difficult thing is when our investment and trade already stuck and the only way is to cut loss.

Being unfocused in any job is not good, especially in trading it will give a risk that will impact the final result of the trade.

I was in a phase several times where I couldn't focus at all while trading but tried to stay in.
Finally, what I was afraid of happened, I made a wrong prediction that I should have made a profit instead turned into a loss because I forced myself to enter even though it was late.

Trading requires its own time, if you cannot separate the time for trading and time for other activities.
Then it's better to just choose one of them.

Before you talk at length about trading and investing, you should recognize both of them correctly. Because actually trading and investing are very different in practice and there are big differences in terms of how to understand them. We will know when to buy or when to sell when we have knowledge about the coin and if one does not understand the market journey of this kind of coin then there is no way to observe the market journey of the coin.

Decisions will be based on knowledge and we can make good decisions if we know how. Trading requires a strategy and is much more difficult to do if you don't know the pattern and that's why trading is not suitable for everyone who doesn't understand how to do it properly. If all the decisions we make are wrong, it may not be trading that is suitable for us to do but investing.

There's a good wisdom from how you describe things here, trading is more difficult as a single mistake can lead you to lose all your investment, unlike with investing as long as you are holding your asset the chance that it may pump back will allow you to recover and make money with your investment, though similar in both side, you need to have that knowledge to anticipate what value you are aiming to collect your profits.

That knowledge can lead you to make money from this venue of investment, and you need to keep learning from each trading or investing that you are involved with.

I think we all know the problem you describe here. The less concentrated or the more pressure behind the trade ("this must work now!!") the worse the result usually is.

As a small tip: A bot is never unfocused. It has helped me a lot to have my strategies executed by a bot, the only lack of concentration can happen here when setting up the bot, but this error is usually noticed very quickly - and is also very easily corrected.
I used an open source bot that just ran on my Raspberry Pi, but now there are plenty of free online hosted bots that work even better.

Correct, it is still up to us humans on whether we will have success on trading if we used bots. As you have said, the right parameters should be set, and it can only be accomplished if you are a season trader already.

Otherwise, there will be a lot of trial and error on your part and it could lead to a lost early in your career.

But if you can get a hand on it and after several months, you might start to appreciate how good bots are as far as helping us in trading.

Wrong things or impressions towards Bots is that majority of noobs would really be having that kind of belief or something that they would really be that have in mind that it is the fastest and easiest way to make money on using it onto your trades without even trying out to realize on whats the real usage of it. Mistakes and errors is really that very common on trading world or investment as we do simply say.
We cant really be winners from time to time on which making up profitable trades on which it would really be making you that able to make money without  struggling.

Market is really that unpredictable and volatile on which there's no way that we could really be able to make perfect trades from time to time. Just be sure that you do able to make profitable
trades despite of the losses that you do have in the end of the day.If you do see that you are experience such loss or hitting up your SL's then it wont really be that bad on having some break
or call it a day and completely stop trading on which you do need to be that relaxed and trying to figure out on whats going on but making out realizations that most of the time which
market is really that cant be known on where it would really be going but with those analysis we could make then we do know at least on what we should gonna do.

While trading needs more focus and attention because it’s riskier than investing, but if you are seeing that trading has already gone wrong because aside that your losses have outnumbered your gains, and your life has turned into a roller coaster ride that gives you depression and frustrations, then maybe you need a break from frequently doing it. You need to unwind and relax your mind and body away from the highly volatile trading market. You need to develop another hobby so that you will have other thing to get busy with. And when you do that, you will never be completely affected whenever your trades upset you.

This is not only for trading but investing as well, or any other activity wherein you’re doing it for money. Once you see your goals are hardly met, your trades or investments are not working according to your plan, then take a break but never rush immediately to the idea of quitting. That will only make you a loser.

Tho taking breaks in trading when you're distracted or unfocused is crucial, your peace of mind is worth more than rushing into trades. Someday, you’ll benefit from it. You’ll be able to make better decisions onve you calmed your mind. Remember, it's okay to step back and regain focus because obviously our decisions impact our hard-earned money.

Indeed, sometimes in life a person is very tired with whatever he is doing. and it is not recommended to do anything including trading that involves your finances.
You must have felt like you couldn't find any ideas even when you really wanted to look for them. and it takes some time until your mood returns and that makes ideas come to you. I'm not sure how everyone will solve their own problems. But everyone has experienced fatigue that makes us unable to think about anything.
If the situation makes you stuck, you can't even do anything. even with the many trading skills you have. more deadlocks will exist when you want to choose assets to trade. there is something disturbing that makes us unsure of our choices in an uneasy state of mind.

Agree to the statement you said, I'm sure every trader must have experienced the same thing, when indeed you are really not focused on trading because of several factors that cause then there is nothing wrong if you decide to stop and rest, it's not bad because trading really involves calmness and focus to be able to carry out several strategies for a profit. Honestly, I have also experienced the same thing like this, where my brain and mind seemed unable to think and all the knowledge I had seemed to just disappear, and after that after I investigated it turned out that our state of mind would not always support entering the market which certainly requires maximum calmness and focus.

Don't be afraid not to make a profit today, because it's true as you said, our health is more important than anything and also, and you can start back into the market when your mind and condition are completely calm, it's better than you force and usually will result in a loss. Trading for a profit requires a decision and you will be able to get a good decision when your state of mind is calm which finally managed to get the right decision as a result of all the
considerations you did there.

It's not about being a newbie or an experienced trader, it's all about the knowledge that you have and the basic understanding of how a financial market works. I might be a newbie in the cryptocurrency market but maybe I have a lot of experience in another financial market that has a lot of similarities with it and if that is the case, I would understand and know when I need to act and when I should simply keep my hands out of the dirt because it's only going to make them dirty.

A lot of people make the mistake of not acquiring enough knowledge about the market and how things work around, and the disadvantage for them is that they don't have any experience with any other financial market and this is the first time they decided to earn some money through trading because they've been seeing it all around.

Remember that you are trading in the first place to make your life comfortable when you are already in profits, not to live miserably. So if you find yourself struggling already to trade for positive outcome, then never hesitate to take a break and stop trading temporarily. Trading does not require the most of our time, but it should be done on our extra time, except if you are a day trader that needs full focus and attention all throughout that day.

I believe that every trader only want the best of it, but if you find yourself totally disturbed because you want to take every part in buying and selling your coins, well that may be not healthy for you anymore. Know when to trade and when to stop. We only live once so do not push yourself into trading when you see it's not healthy for you anymore.

It's like a test of our mental and emotional maturity to know when to stop in this case. Because, not many people are able to do it well, with careful consideration, and with grace. Stopping in this case is a step and effort so that we become calmer, understand the situation, and are wiser in making the next decision. Sometimes, this is not easy because, however, sometimes our enthusiasm and hopes to continue are at odds with the reality that is happening.

I agree with this, stopping doesn't mean we lose, but rather prepares ourselves for better, calmer and more managed steps according to the evaluation of previous results. We don't need to force ourselves and be determined to make a decision. Sometimes, the break time we have provides a moment where we can rearrange what we will decide and do it again. Especially in trading or investing in Bitcoin or crypto in general. We understand the risks, if we push ourselves too hard even though we already know what will happen next, then this is the same as being reckless without a strong basis. Bitcoin and other crypto are very risky things, because they require balance and emotional stability in every decision, as well as calm so that we can be better in the next step. And this break time could be one of the steps.

Just like any trading market, you do need to equip yourself with enough knowledge on every project you want to explore with.
That is true, you may be new to crypto market but you've been doing the forex trading or other financial markets.
It means, you already have the basic knowledge what to look out or consider and you won't jump on a simple hype or anything.

Definitely, it is necessary to know where to stop loss when trading because there is a risk of losing the entire balance used especially when leveraged transactions are made. In addition, manually monitoring the price to stop losses in leveraged transactions may lead to a high risk of loss due to leverage or to loss of the balance used in the entire position due to a sudden price movement.

In addition, knowing where to stop the loss will help to save the balance used for the transaction with minimum loss and to use it in the same transaction parity in case of a potential different price movement. For this reason, it is absolutely logical to know where to stop the loss while opening a trade and to act accordingly.

It's essential to understand when to stop and when to take profit while you are in a good position. Exiting the market at the right time is most important. I had the opportunity to exit the market with a $2K profit when BTC touched its ATH. I had several alt coins at that moment and some BTC as well. But I did not understand the market will turn around and it will never go up for a long time. I ended up losing almost $4K at some point. I needed some urgent cash and I ended up selling them at a loss.

When it comes to trading profit, over-trading won't make you rich in one night. Set a target for every session. If you reach your trading target for today, you should take a break and end the session to take your profit. Most people make this mistake as well. They continue trading.

The level of difficulty in trading and investing is much different because it requires experience and knowledge for anyone who wants to get involved in it. The slightest mistake can make the trades we make result in big losses because we don't have a plan and strategy when market conditions experience a sharp decline in the trades we carry out. Investing is much easier and as long as we hold fundamental assets like bitcoin there will always be a way to recover to the price we want.

Trading requires experience in addition to basic knowledge related to trading itself. We will gain this experience as long as we are involved in the practice. A combination of knowledge and experience is very important so that someone can look for patterns for their trading, If this difficulty can be overcome then it can be said that we understand the method

Carry out your personal research before trading, it will help you to avoid so many things in the market, because many new traders has lost a lot of coins because they failed to know the type of coins they are holding, and what it will bring out in the future. Don't be in a hurry to trade your coins no matter what is happening in the crypto market than to wait and watch the green light and red light very well to know if the bullish market will last long or is not yet bullish market before making up your mind to trade. The most important thing in the crypto trade, is to know your target because your target can be $40,000 before you can trade in the market but other traders target can be $60,000 or above before they can trade in the market.

Yeah, as it is a common one. You mentioned " less concentrated and more pressure " but if one of them is present, the other will also be experienced. So, we need to combat at least one them to be able to improve our trading performances. You drop a nice tip there. Not only that bot can focus on their craft, they also don't have an emotion. So, whatever movement they see in the market (up and down) they can always carry on.

It only boils down to the strategy that we inject on them and like you said if how focused we are on setting it up. It's important because one mistake can mess up with all of the capital that we allocate on them. I usually prefer my own configuration but if we think someone else is better then why not use them instead?

Emotions can ruin everything.

Imagine you are already up x3, but you are thinking that there might be a chance that it might go even higher, and in the end, it went the opposite way. Another one is, imagine if you want to invest into a particular project that's considered established already, but because you are afraid to lose money, you ended up losing that opportunity.

Learning how to be emotionless in investing, and in trading is very hard especially in trading. It took me a long time to be emotionless in investing, and in trading, I ended up stopping it because my emotions is always getting me. I guess it's good that I successfully learned how to be emotionless in investing up to the point that I'm not making impulsive decisions that might make me lose my capital.

Being emotionless is achievable, but it will take some time to learn. You need to be disciplined enough first to learn it.

Greed is the reason why many individual lose when they try to trade, greed is not good for you to have as a trader. Greed will make you to exceed your trading limit and it can make you to lose when you would have made profit if you followed your trading strategy and sold when you hit the traget you had before greed made you to increase it. Whales know that there's greed in the market so they manipulate the market to make it look like the price is rising and you'll fall for this trick since you have greed in you. Be satisfied with the profits you have made and trade again after analyzing the market.

Knowing when to stop can be done automatically by setting your take profits on the exchange that you're using to trade, don't say you'll end the trade manually if you noticed you're having greediness problems. When the take profits is set, you'll be forced to sell your coins and end your trade and not be tempted to start adding other higher targets. Cryptocurency market is the most volatile market that I have traded in and if you're not careful your profits can turn to losses in seconds.

We can assess the results of our trade and think if we still need to continue or not. Everything we do is in our hands and our decisions. Lack of Knowledge is usually the reason why people/investors suffer losses. That is why before we enter into crypto investment, we must take a prior to learning before investing, or else, we are also one of those people who lose their money in just the blink of an eye.

That is how important to know what we have been doing and of course, we also know our capabilities because we can't compare ourselves to others. If they succeed in investing in Bitcoin, might be possible that we can't.

If you decide to trade you must first understand it yourself without listening to anyone and then you have to trade. While trading, you have to keep a cool head and take time.  You have to keep up with the market and keep an eye on when things are gaining or losing. You have to have an idea of what you will be good at trading and what you will be bad at, then you will be a successful trader.

Buying means entering a long trade and selling means entering short in trading, correct me if I'm wrong though.

DCA could be use either in trading in futures or in spot trading, so it's either me or you who misunderstood what OP meant with his terms. Anyways, I agree with OP with the pause whenever something's bad happen in your trade, or whenever your mind is clouded with a lot of things that could lead you to making bad decisions in your trade. Always remember to rest and clear your mind before continuing your trade to avoid confusion and bad trades.

And this is something that you do really need to developed on which you would really be needing that kind of control on which you would really be that needing to enhance it up because dealing up with this market or whatever business will really be that making you that impulsive when it comes to emotion since no one really likes on losing money or with their investment on which as a human being then it would really be just that a common approach or reaciton to have. Learning up lesson would come along the way on which via with those mistakes that you do able to encounter on which it is inevitable.So therefore, it would really be just that so normal that you would really be needing to adjust and make learn with those things so that on next time encounter then you do already have the idea on what are the things that you should gonna do. There are really moments or times on which losses is really that on severe manner or something that do talks about huge damage or effect towards your capital on which it would really be causing up some breakdown if you arent really that emotionally and mentally prepared about those risks which it tends out to be normal but this is something that should be controlled or not really be that tollerated.

There are really indeed moments or times on which you would really be knowing on when to stop or having a break rather than on making yourself that trying to force up on dealing with trading
even if you do see that things becomes worst yet the market did really make out those too severe unpredictable movements on which you havent been anticipated that it could
really be able to happen on such extent but well there are indeed moments such as this.

it's reaching the limit of what we can afford in dealing with trading.
I myself also sometimes need to take a break and reflect on what is going on, why the trade is not going well.
Psychology seems to be getting worse and worse with some of the losses that occur.

It is necessary to do a self-evaluation, evaluation in trading to find out what is wrong and to fix it.
It is necessary to do so that we ourselves know what is an obstacle.

Learning from mistakes is a good thing, but learning from other people's mistakes helps us to improve without feeling the mistakes.

Yeah, you're spot on! I think he was referring more to buying for investment, but some people mistake it for trading. Although it's technically trading (spot), it's quite different from futures trading.
Some investors act like traders and let their emotions guide their decisions. They invest a large amount, which can cause panic if things don't go as planned. That's where Dollar Cost Averaging (DCA) comes in handy. It helps reduce risk and keeps them calm while trading. Following the rules carefully makes trading much simpler. Emotional trading is never a good idea, my friend. Stay cool and collected!

While people spend a great deal of time trying to learn how to trade, a very important lesson which will save them a lot of money and frustrations is to learn when not to trade, trading is a very taxing activity, both physically and mentally, so if a person is not in an optimal state then they should not trade, however many traders believe themselves to be above such simple rule and decide to trade anyway, and most of the time that is when their biggest mistakes will be made and from which it could take them quite a while to recover from.

That's why it's important that you have knowledge of trading, because if you don't know anything, you probably won't be able to do what is said to be a stop loss because you just depend on your opinion or thought in trading without any basis. You get what I mean?

However, if you are familiar with trading, you will know where to place a stop loss and where to enter a position, as well as how to read and use tool indicators to predict the price.

Actually, if newbies will read that, they will just be confused as they don't know and understand what they are reading.

To fully understand that lesson, investors, newbies or not should try the actual pressure, stress, and challenge of trading.

I know for sure that after they build experience in trading, they will know the thing about when to stop as soon as they move forward.

One of the things that must be considered when investing in crypto or trading is to do it wisely. Be wise here in any case, in terms of making decisions, determining amounts, determining the most appropriate strategy at that time, including understanding when to start and when to stop.

Sometimes, we are too curious about the next results even though we have experienced failure or lost money several times in trading. And this is where we begin to unknowingly lose a lot of money. So financial management, especially funds used for trading, is very necessary. So that we understand when to stop, either after losing or after winning. Stopping or taking a break can have quite a good effect. At least give ourselves time to be calmer, deepen the lessons from our experience, and have more time to evaluate trading.

It's not about knowing when to stop alone, we also have to know the exact and safe period which we should buy and hodl, being a bitcoiner and a trader, we just don't assume doing things anyhow without having targets or good intentions that can increase the performances of our investment, overtrading will only make us weak and vulnerable the more because we are doing the same thing repeatedly over time again.

Making a stop is a good step as many people are unable to stop before they lose all capital, everything. They only stop when it is too late because with a trader or investor, capital is their blood. Without blood, human die and without capital, a trader or investor has nothing to do.

Though it is a good start, it is not enough with next steps. What you will do after a stop is important. Will you stop to analyze your mistakes, learn something, and build a better strategy before returning to the market. If so, you are doing great to improve yourself.

If not, you will return to the market without any change and you will get same mistakes, same losses.

In my opinion investing or trading are two very sensitive things where there is no chance to rush. Before accepting any trade we have to think several times whether we are accepting the trade at the right time. If we take trades at the wrong time due to our haste, our money will surely suffer a lot. The main purpose of trading is to make money, if we are in a hurry, we make mistakes, but we can lose money instead of making money, so we must avoid the feeling of haste. Real traders observe market movements in various ways before accepting a trade. Market volatility is not the only indicator to accept trading there are several other indicators that we must understand and then accept trading. The approach that most of us traders follow is that we start buying a coin when the market dips a little bit because we have a feeling that the market will go back to green after it turns red but it is not a leading indicator.

Even though I am not a pro trader or a regular trader, I have tried trading several times, and I guess most of them were lost trades. I had a minimal number of wins, and then lost them by trading them again. I think traders know where to close their position, yet some people lose, and others make money. That's how the market works.

It's essential to understand the candle pattern to enter the market. If someone already has a open position, sometimes they don't open another position when they see their previous position is losing. But, It's important to understand the chart and start another tread when you have open position.

At first, I was like which one is op post centralized on. Is it investing or trading? But reading till end, I discovered that op is more referring to investment that trading. As an investor, you have less to worry about the market trend as long as you have a target set for your investments. There's no need for you to be checking your portfolio on a daily basis so you can save yourself from the market panic. But for traders, it's normal to respond to market trends but it is important to remain calm at first before making any hasty decision. Sometimes we regret such decisions when it wasn't in our favor and some time it will be the best decision and we'll be happy that we did.

I was a victim of Luna crash and I regret not taking that hasty decision when it was the best to do but I tried to calm myself down until daybreak and I discovered that everything has vanished. Some decisions will not be in line with your plan but they're the best thing to do. You just have to make sure that it is best for you even if you are to change the whole plan.

It's definitely a good idea to stop time to time but also not every time you are irritated that doesn't mean you should stop, that's not how job works. If you want to be a professional trader one day and just make money from it, then you can't just love every minute of it, there will be times when things go wrong and you need to learn how to reset and get back to being better. I know that it's a hard thing to do but it's just how it is and could be the only way to move forward.

I hope that it could get to a point where we could make some profit from it, and I know that it's going to take a while but that is what you can do with it one way or another. I know that it is going to take a while to be able to reset like that and not be mad, because not everyone wants the same thing, but I believe it should be very important for everyone to do it one way or another, they could get better at it eventually and do a great return without a doubt if they just put the time in and work to make it happen.

Trading is a face-paced activity so I don't really see it as a problem if a trader rushes to trade. It only becomes a problem if the person rushes to trade with less knowledge on their head. All of us has our own target profits but if the one that we set are too high, maybe we need to learn on how to slow down because achieving it is not easy.

Trading is not a race though there might be a tournament about it same with gambling or so-called wagering races but I think that's a different story anymore. Rushing can causes us some problems but in trading, there are bots. It's perfect to use so that we don't need to rush anymore and just continue doing other things.

Ok, why I said this relates to DCA is because Dual Investment allows investors to buy crypto assets at a lower price or sell at a higher price. No matter how the price moves, you can always earn interest at the settlement time. Actually, this is one of the Bitget products I use most times when markets fluctuate to earn from it

I agree with you. That's why when I feel like I am too overwhelmed. I just take a break, use the strategy I'm more familiar with as I have stated in my post and still earn while I distract myself outside my chart

Trading or investing certainly has its own risks, to avoid these risks you need knowledge or learning related to these two things, it takes a long time to understand trading because there are many certain strategies and likewise investing is not easy to understand everything quickly.

These two things take a long time to understand everything related that is there with the learning and knowledge learned, it might reduce the risk of existing losses, for beginners of course need very serious learning and for the time problem maybe it will depend on the person, because learning trading or investing is not easy and even very difficult for some people, and it cannot be denied that there are those who experience failure in the middle of the process. Even in my opinion people who already understand trading can be wrong predictions, so the need for learning in these two things is very important because this can have an impact on the future, there is no need to rush, it's better slowly but surely. As you said, the purpose of trading is to make a profit, and therefore learning is the main key for us to be able to achieve it consistently.

Risk management and Stop loss are the important thing, a trader should always learn according to me. If a trader doesn’t understand about this, then there is high chances that, he will make heavy losses while trading. Always calculate the risk and possibilities and then invest in the coin. While buying the coin, set a stop loss. When this amount exceeds or decreases, then automatically the trade will be released. In this manner the trader will be saved from making additional losses.

Running towards success is a type of emotions which is actually find more in newbies so whenever you know that your emotions are more stronger then you should stop trading as emotions play negative role in your success. Also when you don't get any beneficial decision and cannot make a move of buying and selling then hold your coins and stop trading for short term as you will have control on your feelings in case of investment.

Use your extra amount of money then you will not be in too hurry to collect the sum but you will be calm and whenever market recovers again then it will be profitable for you. Make investment with little amount but make sure that you will not need this amount for your emergency purposes and also add little by little in your desired coin.

That is true, giving a break and checking what went wrong would be one of the best things for anyone, people do not realize that they are making a mistake if they are not involved with their own trades after it's done, you can't just lose money and move to next trade.

Anyone who stops time to time, check their winners and losers, see what went right with the winners and what went wrong with their losers, and try to find a common pattern that would benefit them would end up being a good trader. If you are not doing that and acting like you should be considering the situation a little different, I think that would be a lot more wrong, people will end up losing way too much money with something like that if they are not careful.

So all in all, I would expect the situation to be a bit different and if we all did what you do, like turn back and see what went wrong, then we would all do a lot better while trading and make a greater profit than what we are doing right now.

It's not about stopping while trading but knowing our limit on when we should trade and not, if we have enough sensitivity in what we do, then there are times we sense the signal of putting a limit to the extent of how we trade in other to cut loss and make other arrangements for better strategies, but we often pay much attention to this kind of feelings till we do what we wish and see the least expectation come to happen.

Exactly. I do this when I think I am overwhelmed at some point. Instead of forcing it, I just let it be. Hence the strategy I mentioned I do use.

It has really come in handy

Do what you can do at the time, and don't push it when you can't do it.
Everything must be in accordance with what you are capable of.

If the strategy you use if useful then continue to develop and make it a basic strategy that you master.

Trading is not about how to get big profits at that time, but consistent profits are better.
Review what has been done, so that you have an improvement on each trade made.

Yeah, that was why I mentioned that Dual Investment Strategy. I have used it very often these both when I'm unstable and when market fluctuates badly. It's been good all along

There is a big difference between a day trader and a normal investor. Day trading usually means that you close out all your positions at the end of the day, you don't want to take risk in your positions overnight. Basically, you are only trading when you are at your computer, and when you step away from it there shouldn't be much movement in your portfolio. This also means that you know exactly every day how much money you made or lost. This can be a lot of pressure and time consuming which made me stop day trading right after university. Handling the constant flow of information and changing prices can be hard to deal with and I ended up becoming high blood pressure during the whole day of trading. A normal investor is much long term orientated and is fine to keep his positions medium to long term. Everybody should decide for himself what kind of investing and trading he wants to do. It comes down to how much money and time we have at our hand to build and look after our portfolio. For anybody who has already a stressful fulltime job I would recommend a long term investment approach and for that the DCA method is great. There is no need to spend a lot of time on research and we can build a large portfolio over time.

For DCA, I often used it last year and also this year when I wanted to buy cryptocurrency assets, but if you say there is a product from Bitget with a dual investment concept and it can be almost similar to DCA, I will also try it in the next few days when I have the opportunity to do just that. Because I still use old exchanges like Binance when I want to buy DCA without thinking about any products or other supporting features for such things because I consider my goal to be very simple.

If day trading is too tiring, then you can engage in medium-term or long-term trading, it will not require so much time from you and constant presence in front of the monitor, but in this case you will not know every day how much you have earned or lost, everything will shift by longer periods.

Medium-term trading seems more acceptable, and in this category I include transactions from several days to several weeks, anything beyond this will already be long-term transactions.

You can engage in day trading, but it seems to me that it is difficult to do it on a permanent basis, that is, after some time you need rest, otherwise nothing good will come of it.

Alright man! Just follow up the procedure and you will be good

Investing in a financial basically means trading for the long-term, so in true essence, it's just trading if you are buying and selling, no matter how quick or long the interval between the buy-sell is, and it's true that patience is a very important thing for a trader to stay in the market longer and stay profitable.

As I said earlier, it's all about patience, those who make decisions out of haste will have to face the consequences for sure, because in trading, even quick decisions must be taken after giving them a thought.

Observation and evaluations should be a part of every single trade a person makes in the cryptocurrency market if they don't want to waste their time and money.

Yep, not every single time the market goes up after a short while when it goes down a little bit, it might go even lower than that, and then your money will get stuck. So it's important to at least have a slight idea about how the market will move next.

Agree into that kind of picturing or elaborating on what daytrading is on which it is really that something that very stressful if you cant really be able to bare up with the risks on handling out price movements on active manner on which its true that you wont really be letting any positions to be left hanging or not being closed in the end of the day on which means that full engagement and effort would really be needing on this time on which it would really be just that so common  that you would really be that tough when it comes to emotional and psychological approach when it comes to things. Knowing on when to stop?
You would eventually be able to notice it out on your own because when stress do kicks in and on the time that you are committing lots of mistakes then you would really be normally be finding out
some moment or time to have some break.

You should really know on when to stop and have a break when everything do really looks mess up, and continue on the time that everything do really looks calm and good to go.
It is really a matter of self control and making out some decisions which would really be that something relevant and useful for your part and not really just forcing out things
to work even if it isnt really that something that would really be easy to be done and goes along on what you do have in mind.

Long-term traders are the main whales in the market, there triggered positions accumulates enormous profits from the market when their TP is hit unlike day traders that's in the market to scalp and probably record loses that would liquidate their account. I'm practically a day trader because I belong to these category that's in the market to triggered positions that enter my entry. Traders who focused more on daily trading tends to seem worried over their inability to accumulate the gigantic profits from their open trades. Often gain quite some profits which they're not satisfied with the results.

I think that being greedy is a trait that is already available outside or before we enter trading. So it's a myth when they say that all or most newbies are greedy but as newbie, there is still curiosity and excitement that can lead them to continue. They still can get used to it later on.

For the experienced one's maybe some of them are greedy for being over confident about their ability. They can also be greedy in a way that they want to go beyond what they already learned. It's still better to set our own limitations first according to our ability. This is the one that we should follow often. Some times being comfortable is a good thing. It helps us to grow more.

You wont really be reaching up that experienced state if you havent been able to become once a newbie since we do start on being a noob in the first place.It do really just turns out that there are ones who do learn up and realize things ahead and there are ones who do completely turn their backs and never ever come back again on which this is something that most likely the case t hat do really happen.
Being confident with your skills and knowledge is something a really very common trait for a noob but once that reality slap into their faces then this is where learning would kick in.
There's no such thing about all-knowing beings on this world on which knowing on everything that this world do have which it would be normal that there are things which needs to be learned.

Real experience would be the key in order to learn and its up to someone whether they would really be making out adjustments or simply quit up because they cant really be able to bare such thing.
Knowing on when to stop, then it would really be your call because not all would really be that be able to figure it out on when to make out such move or decision.
Sometimes it is a common sense thing but not all would really be that too mindful about this one.

Well, successful traders these days do not make it happen in an instant. Of course, they have endured a lot of possible losses but they never dare to stop and change career. Instead, they continue to work on their trades and improve what needs to be improved. Until they reach to a point that they were able to minimize their losses because they have already develop pro trading skills that are crucial in trading.

However, we all know that different traders also experience different fate in trading. If you keep on committing losses no matter how you try hard to improve your trades, maybe there's something wrong with how you trade. Sometimes, the best decision is not to keep moving forward but to take a break so you can find time to reflect on your trading career, if its still a good decision to continue doing or maybe a change of career is needed. The last decision is still within your control.

Just learn to stop when everything that is happening is not on your side. Even professional traders sometimes experience this kind of feeling, so they just take a pause and eventually come back in trading when they're not exhausted anymore. But no matter how often you take your breaks but still the same result is observed, I guess you need to change your strategies in trading. Develop a new one and then work on it. And if it's still not working, assess yourself if you can still bear your future losses because if not, change your plan and change your career. Sometimes we need to separate our habit and interest to our own career, if it's the only way that we can stop ourselves from experiencing the same failures and losses that already happen repetitively.

Very good point made. I just hope many more will see this. I have done this exercise severally and it has been helpful. I'm glad this post I made has also brought out so many people to share their perspectives hence others would learn from this

Indeed, you should stop or pause for a while if you already seeing that there's nothing positive that happens with your current strategy, maybe you need to re-assess and try to change the patterns that you are using, it's not just because you are out of luck but maybe the guide or factors that you are following is no longer affecting the market that much, or maybe you should try twisting your strategy or also a possible that you need to have that break.

Finding some extra space inside your mind and allow learning to flow inside you to re-analyze the situation may help in order to take another step and see if how it will go to work.

You would really be needing to do such thing or else you would really be completely busting up your entire capital or your trading fund without even putting some good fight or making some good  trades just because you had made yourself that being that lose in control. It is really that true that there are really moments in trading on which you are really that been experiencing those consecutive losses because we know that there's no one on this market could really be having that perfect strategy on which means that on the time that you are that in verge of such situation then it would be wise on having some break.

You would really be able to see its relevance and importance once you do be able to get that kind of experience and awareness in the market. Knowing on when to stop and would be finding the timing on when to get
in where everything is really that calm and could really be something that could be handled.There are really that moments in the market on which prices are really that too unpredictable on which it is really that
moving into a certain extent that even trading technicals had been messed up or simply there are moments which it is really hard to read it up.
No matter on what are the things you are applying whether TA+FA but it doesnt really give out assurance about its effectiveness. So it would always boils down
into your own taking in making those decisions on point.

The characteristics of greed is present in every individual because everyone wants more and more and they are never thankful for what they have but I think that if individuals accept the things that they have then they will continuously achieve desire goals as greed is the main cause due to which every trader and investors face defeat.
Once a person get success then he think that his success is because of his firm knowledge and then put more money than previous but he Don't have any idea that how risky it will be for him if market turn down therefore keeping everything in view before utilising your money. Money comes hardly therefore don't waste money by demanding for more and accept your little benefit. You will think positive and will put large sum at once but don't forget that market is not positive always therfore invest and trade according to the market condition.

We must take into account that not all who try trading become successful, some have also had a terrible experience and still, they continue trading.
For me, I don't think we need to sacrifice our finances knowing that we failed in trading, I think we should also know the words stop and quit if the the situation is not really in our favor. In fact, it was not a big deal if we failed and thought that some people would laugh at us but it was a big issue when we lost a lot of money and committed debt.

He was just elaborate the meaning but indeed the main  thing is never allow yourself to controlled by emotion because this will not let you decide correctly , we will even have bad looks at how the market moves in particular ways.

and also try to always use Bot as Stop/Loss is what we can have for safeties if we cannot monitor our trading and investments.

I can attest to that mate  as I am also a trade loser from the past , even lose multiple times when I am starter but never that i lose my faith , and since I was not lucky in day trading , I focused in Holding and indeed , success is what i gain for years now.

Agree with you but I think stop loss should be used when you are willing to test whether and to that most of the time you are winning. If you use stop loss when you don't have much idea about the stop loss and you are brand new you should not use stop loss because you don't have much knowledge about its future. That's why you should first master the trading well and then use stop loss besides you can face loss most of the time.

You don't have to master trader first in order to use stop loss, it's easy to understand. Besides, how can you master trading if you're not going to try everything on it, I hope that make sense.

Also, it is already given that you're going to lose most of the time in most cases of newbie traders because they are still exploring, finding the right approach that suits their styles to make profits in spot or futures trading. Experience is the best teacher, a very good foundation in the long run, you could also decide whether to stop or continue based on your experience in trading.

That after effects of trading should be taken into account, if you see yourself keeps failing better to re-assess and if it's needed to stop, better to stop and move away then try different things in life, trading is not for all as there are many competitions inside the market, all the people that surround this business are all after the money.

If you don't see yourself as competitive as it should be, best to quit and find other venue either business or other form of investment.

There are other traders who sometimes think that investment and trading are the same because they have only one theme and that requires the same investing method. But in reality, they are not the same, and the other long-timers in the crypto space know this too, right?

As an investor, you invest because you know that there will be profit in something that you see potential for in the future and because you also know that people will actually use it now and in the future. And one of the good examples here is Bitcoin. Which is different from being a trader in trading, especially if you are short-term, because it is like a profession that will require skills and understanding to make a profit.

This has a bad effect on every trader they enter to project without knowing about it. Some people invest money in a coin that they do not know enough about. I saw a lot of people who are just going on a lucky basis and as a result, they face loss. When they use the wrong strategy because of a lack of knowledge they experience loss and by getting a time loss they give trading negative feedback. it's a criterion for entering any project you must explore that project. go to their official site a read the necessary things about it and after that make your own decision about whether it is beneficial for you are not. Use the right and appropriate strategy and for newbies, DCA is the best one I always suggest this to the newbies as they don't know about the other strategies, and are risky and this one is the best and less risky.

There is a big difference between stopping and quitting, and I believe one should stop trading temporarily if they see that they are constantly failing the trades and losing a lot of money instead of getting profits. Quitting is not a solution, you can't give up just because you are facing failure but you need to work on the things that are making you fail and if you don't see them, take your time, evaluate your actions and find out the reasons behind the failure.

Once the reasons are found, you should work on them without going into real trading but using demo accounts just to repeat the practices and things that you've learned or improved. After some time, when you see that you have improved a lot and have way more knowledge than before, you should try again, and if you fail again, repeat the same process again, and eventually, there will be a time when you will become a successful trader.

Like I have said on many threads that emotion is the key control, trade gambling is almost the same thing  ;D Know how to take profit and know how to stop. Meanwhile you this thread is also helpful in my opinion https://bitcointalk.org/index.php?topic=5471179.0

 

I agree, but of course the mistakes are the most effective lesson, especially in trading. I personally commit many mistakes when I'm starting to trade and lose quite a bit, but that doesn't stop me from trading. Instead, I analyse where I do wrong, and when I identify it, I lack knowledge, skill, and experience. That's why I still trade while learning, but with limited capital. Eventually, I can say I can earn more than my losses. You see, mistakes are fine; it is part of the process of becoming an expert in trading. I get that you will have debt and such, but it's up to the person how they will cope and recover. The trader will be a failure if he or she keeps on losing and not doing anything that will make them cope and recover. The key to success is how you turn your mistakes into lessons and weapons.

Or rather, what you need to do is not put your money into things that will lose you money, such as gambling and trading. If you invest what you spend on those two activities in bitcoin in the long term you will be much better off, but of course you won't feel that rush feeling that gets you hooked. After so many threads about how to control your emotions both here and in the gambling section wewill have to think that it is better not to fall into those emotions and even less while gambling our money away.

If we don't take any action, like gambling or trading, we won't experience getting a profit for sure. That means we still have to choose between those two sources of earnings. That's why we should use our emotions well and correctly for the benefit of ourselves.

That's why, in order to know when to stop, there are underlying factors. For example, in bitcoin trading, you can check the crypto updates to see if there is any positive news. Second is what is happening in the market price value of Dxy and the latest happening in other currencies in stocks, and so on, because that will be your reference so you can measure where and when you should buy and sell.

It's a wrong choice to use our money on things we don't understand well, causing us to lose that money. Investing in Bitcoin in the long term will certainly be able to gain profits if we have a good strategy in collecting it and also we must be able to hold it for a long period of time to be able to profit from the investment we make. You are right, emotions will indeed be a bad thing in any case if we cannot control them well, so we really need to be able to control them so that they don't have a bad impact on us.

It's ridiculous if we do something but we don't understand what we're doing, especially when it comes to money, which is very sensitive. Whether it is trading, investing or gambling, we must understand what we are doing, because the risk is loss and we know that loss is a very undesirable thing, especially this is money.

Every one of us must have emotions, we can't possibly eliminate them because emotions are natural for humans. But we can control them by learning them or by the experiences we have had. Everyone would agree that controlling emotions is something that is very important whether it is in trading or in investing.

It will most likely like gambling if we cannot control our emotions and we trade by using leverage. Trading in my opinion must consider lot of think including techincal analysis fundamental analysis and Emotion control. I think 3 of them is the main point.

when you can do 3 of them I think do trade would be fine.  ;D

Happy trading everyone.

once again it is about SELF DISCIPLINE , because without that you will become greedy and when you turn to greediness then everything will be ruined , because every decision that you will make is for your own desire and nothing will come to what is the true purpose (and that is to earn enough to eat)
why not focus on your (How much capital and how much target earning) strategy , never lies in complete success because everything has its failure side.

Actually this is one thing that some people don’t really put into consideration, don’t be greedy stop your investment when it is right. The DCA method is equally there to help and I also use smart portfolio bot on Bitget to rebalance my assets.

Yes, that's a very precise point, when dealing with trading you need to compose yourself, you need to make sure that you have that capabilities, especially when in terms of emotions, if you can control your emotions and you can work in each kind of market situation then it's fine working with this kind of venue of investment, with good handling of your finances and without worrying about your emotions you can think clearly and follow the trend the right way.

Controlling your emotions on certain situations or whatever you are currently dealing will really be that something that much needed.If you do find yourself that having a hard time on trying out to make things balance then it would really be that a big challenge for you to sustain up on this unpredictable space or something that havent really that much too able to handle up when it comes to risks and problems on which investing does have. Its true that there are really indeed moments on which you could really be that having a hard time on making up decisions due to lack of knowledge.
Sooner or later on which on the time that you are really that gaining up that knowledge and awareness of things, then its really that impossible that you cant really be able to
learnt up something from that. It is really just that a matter of self control and awareness basing up on the things that you are really that tending to engage with.

Taking a break when you feel exhausted, confused, filled with emotions, or unable to make decisions, etc. In all situations that make you feel uncomfortable making decisions or that you're not 100 percent sure about your decisions, pause and take a break.I never heard about this idea of taking a break, and I think it's an amazing idea. This makes me feel like the traders control the trading, not only the market volatility. We are stressed out about this volatility, and this advice is like, Just take your time to make decisions and not rush into things. Even if everyone is rushing to sell or buy, don't panic; just relax.

Awareness and good balance in making decisions is tough but through time you will learn things out if you pay attention to every detail that you will encounter during your trading participation. It's not easy as it is, something that is being portrayed by many influencers and those who are sharing success into this business, there's always pressure that you need to handle with care to avoid making or having a big mistake and lose your investment.

We should all be very familiar with these basic things. Indeed, trading and gambling are things that have high risks. Maybe sometimes we can get quite decent profits or gains, but on the other hand we may not be able to guarantee when it will actually come or always come. And on the other hand, we also have a big risk of losing in trading or gambling.

This is clearly different when what we do is invest in Bitcoin, especially for the long term, up to a certain period of time to reach a certain rate point to get the desired profits. But make sure, this is in Bitcoin. Because if it's in altcoins, especially altcoins that are still quite new, with all the hype and promotions, and don't have good fundamentals and market cap, then it will end in vain. It's the same as gambling. So, it will also depend on what we invest in. It's good for us to first understand what we have to do and invest well and wisely.

Many investors in the crypto industry have faced these well-known phrases (FOMO and FUDS) since they don't want to miss a popular demand in the market. Without thinking twice or restraining their emotions about how much money they should invest in an altcoin except for bitcoin, they would rather make large investments in a recently generated altcoin that is starting to rise in price. They will readily let their emotions control them, and they will make investments based on what they have been told by friends or on social media about what the price of an altcoin will be. When the price drops, they become dissatisfied with their action.

Is buying for investment or buying for trading different? It seems that you were in trouble when you said this. When you buy cryptocurrency on any exchange, it can be called an investment; it cannot be otherwise. Whatever we buy on the trading platform, whether short- or long-term, can be called an investment.

So I can't imagine from which angle you base the conclusion that trading and buying for investment are different. I think you're wrong about that; you don't know what you're talking about, in my opinion.

Some people buy to sell in the short term while some people buy to hold for a long time.
They're both investments in their way but it doesn't mean he doesn't know what he's talking about.
You can't compare the pressure of someone buying to hold with that of someone buying with the hope that the price will go up in a couple of hours, or days so he can sell again for some profit.
Like he said, buying to hold is more calm.  It doesn't matter if the price keeps dipping as far as he's holding for a very long time.

And saying anybody who buys Bitcoin is getting an investment is kind of tricky. What about people who buy Bitcoin to use as a currency? They don't hope to make any profit from it. Is something still an investment if you don't hope to make a profit from it? What if they just want to use it for payment of something?

I believe that people who are in profit may end up staying if it is a good coin, but when it is a risky one then getting out is more important. Like for example if you invest into bitcoin and not sell when it peaks, that's fine because it may peak again a few years later, like lets say you didn't sell at 68k, you could have bought a lot more if you did, so it is smart to sell at peak but let's assume you didn't, doesn't mean that you are going to lose all your money, you could still end up holding it and sell at the next peak when the bull run happens.

You didn't sell at 68k? Then you can hold for 10 years and sell at 500k, it is still possible and will give you a greater return. But at low stuff like doge, that's not possible.

A trader must observe carefully before taking any new trade. If he is exposed to any information with any kind of error before trading, then he must re-acquaint himself with that information. That is why the trader must consider timing. You must use your intelligence while trading. If you trade on someone else's suggestion, there is more chance of loss than profit.
Of course, a trader should make a decision after analyzing the opinion given by others and comparing it with his own opinion. In trading we often have emotions that need to be controlled. If a trader takes a trade on depending on emotion, he is bound to lose. Of course a should pay maximum attention to the above matters.

If you sold not at 68k but at 50k, you would still have an excellent chance of increasing the number of your bitcoins. But the eternal hold strategy may not work all the time, what if something changes after this bull market, what if this is the last bull market?

I’m not saying that this is so, I just want to say that it always makes sense to take profits, this can give you advantages in different situations and maintain your profits. Of course, to successfully carry out these actions, you need to have a good ability to analyze the market, otherwise you can make too many mistakes, due to which you can miss out on big profits.

That is a whole another topic of discussion. That means we need to question if the price will keep going up in the future or not. Like for example, in the next 2 years people assume that the price will go up, maybe you do not think that it will, maybe it won't, maybe the price peaked at 68k, and it will not reach that again, or at least for another 10 years, who knows? In that case, yes you are right, eternal hold forever logic will be a terrible one and you should not be doing that.

I personally disagree with that mindset, I think in the next 2 years the price will go above 68k, and then in another 6 years or so, it will go more than that too, every cycle it happened like that and I do not see a reason why that should change. I am not saying it will, because "will" is a big word, I am saying that's what I believe, as a personal opinion. If I am wrong, I will lose money, if I am right then I will make a profit, totally based on my own moves and not anyone else's.

gambling and trading both are risky and those who don't know anything about trading consider that trading and gambling are same thing which is totally a wrong concept. Using money into gambling is totally useless which ends by making you mentally and financially unstable. There is more good options other than gambling and trading so if you choose that thing you will see how profitable these are and your money will also be saved there.

Read and listen about bitcoin investment because bitcoin is the solely source which can make you wealthy but with bitcoin trading is risky so try to invest for longer timing. Using your efforts in learning bitcoin is better than using it in trading or gambling. People want to get huge and quick profit through gambling and trading but they forget that with patience you can earn even more and also the chances of loss is little.

Analyzing the coins and also analyzing the strategies are two different things and a trader should take care of both, a person can only be a good trader if he have some understanding of both of these. If he is a little rough at strategies its ok he can have more choices to check out where did he made mistakes and further when he is taking entry somewhere and he has going to do it in another coin he have to change it.
But when the trader is doing it with the same strategy even he know he will find a loss again because he has already followed that strategy then it might be as difficult form him in this situation to recover himself and I can't think he is a good trader at all. So, analyzing is also important like we should know about the different type of coins and their respective background.