Title: When Trading becomes Unfavourable Post by: KupaCrypto on August 14, 2023, 10:17:23 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: Oshosondy on August 14, 2023, 10:36:21 AM Experience matters in trading, but some traders will continue to lose because they will continue to fail to adjust. They might have in mind that they will not let emotion controls them but after they open a position, all they will find out is that they later go against their trading plan which lead to significant loss. After the emotion, changing of trading plan and money loss, the market will later reverse back in a way that would have favoured them.
The ones I can not go for again is increasing leverage if I start a trade with 3 to 5x margin ratio. I will first prefer to start with low amount and average instead. Anything going more than 5x for bitcoin, I can do again. Martingale strategy which is very risky has been what that affected me most that is leading to losses for me. It can get to the point that the market might reverse before liquidation but I would have closed the position because I do not want to lose further. Leverage and increasing leverage is very risk. Too much leverage is risky and is what that can mostly affect your emotion and trading plan. This is crypto. Another thing that can make someone to lose is the coin they are using. I prefer to use bitcoin and just bitcoin alone. There are some good altcoins too, but I prefer to focus on bitcoin. There are many altcoins that are gambling and they are shitcoins. The trader may be very good, having good analyses that will favour the traders if they use good coins like bitcoin, but using shitcoins will lead to losses and losses. It is good to know that trading is very risky. Title: Re: When Trading becomes Unfavourable Post by: Latviand on August 14, 2023, 12:33:56 PM Experience matters in trading, but some traders will continue to lose because they will continue to fail to adjust. They might have in mind that they will not let emotion controls them but after they open a position, all they will find out is that they later go against their trading plan which lead to significant loss. After the emotion, changing of trading plan and money loss, the market will later reverse back in a way that would have favoured them. It's healthy that you still feel emotions imo, that means that you're not totally a slave to money, if I'm being honest it's okay to express the emotions instead of bottling them up, the key to not affect your trade is that you can control when you express it.This is crypto. Another thing that can make someone to lose is the coin they are using. I prefer to use bitcoin and just bitcoin alone. There are some good altcoins too, but I prefer to focus on bitcoin. There are many altcoins that are gambling and they are shitcoins. The trader may be very good, having good analyses that will favour the traders if they use good coins like bitcoin, but using shitcoins will lead to losses and losses. The beauty of altcoin imo is that you can make profits if you're one of the many first to buy the token, 2nd and 3rd generation buyers aren't that lucky because then they have to watch the price and hope that their initial altcoin purchase would generate them an acceptable if not adequate. That's where your skills in trading sharpens though, makes you great at analysis and predictions.Title: Re: When Trading becomes Unfavourable Post by: Abu-Naim on August 14, 2023, 02:45:06 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, If the trading pattern you stick to stops working for you, and you probably stop gaining profit from trading, then it is time to review other trading patterns and make some changes because no one wants to lose.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Greed is not always favorable, but following trends pays sometimes when you do good research about the trend and take caution before starting to follow the trend. Title: Re: When Trading becomes Unfavourable Post by: yhiaali3 on August 14, 2023, 03:44:29 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Yes, adherence to the trading plan is healthy in trading. It is wrong to move from one strategy to another without completing it. This movement often causes losses.It is true that most of the time you have to stick to the trading plan until the end, but on the other hand, sometimes insisting on continuing the strategy is a mistake. If you see a defect in the results, you should re-evaluate the plan and then decide whether to continue, move to another strategy, or stop. Title: Re: When Trading becomes Unfavourable Post by: bitLeap on August 14, 2023, 03:57:25 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Yes, adherence to the trading plan is healthy in trading. It is wrong to move from one strategy to another without completing it. This movement often causes losses.It is true that most of the time you have to stick to the trading plan until the end, but on the other hand, sometimes insisting on continuing the strategy is a mistake. If you see a defect in the results, you should re-evaluate the plan and then decide whether to continue, move to another strategy, or stop. Now sometimes I see people misinterpreting this, especially for those who are new to trading. They listen and swallow raw what others say, when it should be processed first. Title: Re: When Trading becomes Unfavourable Post by: Fuso.hp on August 14, 2023, 04:23:30 PM Excessive greed in trading is a threat to one's money. It is never right to over-profit, the trading should be sold only when the amount is profited. There are many inexperienced traders who don't have enough knowledge about the market so when they take a trade and when the price of the coin they are trading increases, many new investors don't sell their investment because they don't have enough knowledge about the market. As the price of his investment is going up, maybe if he holds it for a while, the price of his investment will go up even more, thus he loses a lot of money. So one should never be overly greedy. A target should be set at a certain level only then it is possible to achieve something good by trading.
Title: Re: When Trading becomes Unfavourable Post by: hyudien on August 14, 2023, 04:32:42 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, The name of any trading there is always a cycle between profit and loss, whether it's when situations and conditions don't support us mentally or not. Even though knowledge and experience are quite qualified because what is being traded is an asset with high fluctuations, it is possible that someone will always be faced with an inappropriate position. Quite naturally and unsurprisingly, in crypto this sort of thing happens to almost everyone. Related to changing plans in the middle of trading, usually based on initial trading by prioritizing speculation, or applying methods that are not quite right Finally in the middle of trading the decision becomes biased. Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: AbuBhakar on August 14, 2023, 04:49:46 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Trading can be considered as a PVP match since you are competing with other user to have a good buy and sell price in order to win in trading. Many forgets that you will on,y earn on trading if someone losses since the orderbook is came from other traders too that setup buy and sell order aside from the liquidity provided by the exchange that automatically adjust based on the setup price of traders in the orderbook. It’s unfavorable on trading if you don’t know how to trade well and can’t outsmart other trader to have a better trade. Title: Re: When Trading becomes Unfavourable Post by: Timmzzy on August 14, 2023, 05:19:10 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. even with all of this you are saying, trust me many will still do what pleases them forgetting that trading is not Grambling. it has to do with lots of discipline and psychology. Newbies now in this new generation are all about making quick cash, forgetting that its NEVER done that way. i wish many will learn somethisomething from here. Title: Re: When Trading becomes Unfavourable Post by: _BlackStar on August 14, 2023, 05:27:14 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. I totally disagree - especially if you have to change your long term to short term plans out of necessity.As long as you sell it in a position that benefits you financially - then you are free to make changes to the plan. Trading shouldn't be so rigid - sometimes you also need to make adjustments instead of sticking to a strategy that isn't more profitable. I hope you see what I mean - but it's not too hard. Title: Re: When Trading becomes Unfavourable Post by: Aanuoluwatofunmi on August 14, 2023, 05:42:13 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Trading itself is not unfair, we are the ones that creates an unfavourable conditions to how we trade along the line, if you have a sound and clear understanding of trading together with it's patterns, you could have a better experience in doing it, also if you can create ad develop a modest personal interest, character and skills in learning and making trading decisions, you could stand a better chance for a required positive experience in trading, whenever you're not getting what you want in trading, then look around, check and balance some areas about yourself. Title: Re: When Trading becomes Unfavourable Post by: Faisal2202 on August 14, 2023, 05:51:18 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, But sometimes it is good to change plan with market condition but only for those who are expert in market and do know when to time the market but still this is not some skill that will provide one the hundred percent results. So, efforts makes the man more successful so keep trying for best strategies which would increase more decision making.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Point is, we should be more dependent on ourself instead of other or others news because here we see a news from an unofficial platform there we try to exist from the entry or vice versa. Such acts are foolish and lead us to greed and we all know greed is curse. So we should try not to fall prey to any market sentiment instead we should try to follow our own plans as you said but plan must be good too. Title: Re: When Trading becomes Unfavourable Post by: macson on August 14, 2023, 06:08:23 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, i hope there are many beginner traders and people who want to start trading reading this topic, how important it is to have a careful plan in trading activities so that the results can be in accordance with expectations, just imagine how wasted your time is if you are not able to make a profit in trading, a careful plan includes, good knowledge of trading, stable emotions and sufficient capital, if you prepare the three things above well then the final result of your trading will be satisfactory, slow down in learning to trade, nothing should be chased.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: stomachgrowls on August 14, 2023, 07:58:42 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Whether you do make out trades on middle way or path doesnt always end up on being a loss on which we know that the are really times that we did make a right call.This is why it would really vary considering that the Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. market is always been that unpredictable and there's no way on knowing on where it would be heading.This is why its really that hard to point out and as a trader then we would really be continuously be experiencing losses but eventually would be continuing on learning too which its the main benefit.This is why the more experienced you are, the more knowledgeable you would be on which it is really that totally in gap between those newbie or amateur gamblers who had just recently jumped in into this market. We are all gonna experience that unfavorable kind of condition and this is where your knowledge and skills would be applied in all the challenges that you had faced in the past. You would be applying on what you do learn and would really be lessening up such risks. You would be considered to be a good trader if you are that able to make yourself that sustain despite of the unpredictable market condition which had been always the main challenge on where traders would be facing on. Just dont give up and try to learn up those errors or mistakes for you to become that efficient as the day or years passing by. Title: Re: When Trading becomes Unfavourable Post by: jeraldskie11 on August 14, 2023, 11:10:03 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. The main reason why someone's trading plan has changed because of emotion especially if he encounter losses. The doubt in your plan will start to come in if you lose in your last trade. Sometimes you didn't noticed that it is because of your emotion. That's why to backtest your trading plan to gain confident in trading, along with risk management. Also read books for trading psychology. Doing these will help you to overcome your challenges in trading.Title: Re: When Trading becomes Unfavourable Post by: harizen on August 14, 2023, 11:15:46 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. That is something usual to expect while doing trading. Not all the time that the wind is in our favor. Well then, what matter here is, while having a tough road to getting a good run on trading, traders are building a good experience that can build a strong fundamental in their respective trading career. Just continue and someday, they should hit the goal. However on the last statement, it might be true but sometimes we really need to shift gears providing how volatile the market is. Title: Re: When Trading becomes Unfavourable Post by: ultrloa on August 14, 2023, 11:55:41 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Actually its hard for someone to follow their plan especially when they enjoy their trades or they want to get more profits since for sure they will do a risky trades with that. But I think if you are a newbie its good that you experience those scenarios since you can experience the negative sides of the action you do and once you realize that mistake cost you some money then for sure you will never commit those again then you will be more careful on your trades decision and selections. Title: Re: When Trading becomes Unfavourable Post by: GreatArkansas on August 15, 2023, 01:09:12 AM (....) This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. Title: Re: When Trading becomes Unfavourable Post by: fauzan Ichsan on August 15, 2023, 01:45:22 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Actually its hard for someone to follow their plan especially when they enjoy their trades or they want to get more profits since for sure they will do a risky trades with that. But I think if you are a newbie its good that you experience those scenarios since you can experience the negative sides of the action you do and once you realize that mistake cost you some money then for sure you will never commit those again then you will be more careful on your trades decision and selections. Title: Re: When Trading becomes Unfavourable Post by: jrrsparkles on August 15, 2023, 10:02:11 AM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. There is no logic in sticking with the same trading strategy if you encounter losses, I won't hesitate to change the plans or at least stop the trades until I come up with better so this can reduce the chance of loss than doing nothing. So here it comes the Big role of Risk Management which means when the markets are dynamic so you should adapt to what is best according to the market condition.Title: Re: When Trading becomes Unfavourable Post by: Yamane_Keto on August 15, 2023, 10:07:23 AM The factors that you mentioned are psychological problems, following the direction of trading comes from a feeling of fear and greed that makes the individual take incorrect decisions only because everyone does that. When the price drops, you find everyone selling, and when it rises, you find everyone buying. Psychological trading can be solved by automating trading, but developing a strategy that includes all scenarios and plans to deal with them will lead to better results, or at least when things go wrong, do not make any decisions because sometimes the cost of making a decision is good, and sometimes it is better not to take any reaction.
Trading is not for people who are controlled by their emotions. Title: Re: When Trading becomes Unfavourable Post by: svgisawmn on August 15, 2023, 11:51:12 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Totally agree, I've lost much money before understood that. Emotions, trends, "popular" opinions usually do not brings profit but total loss. Own experience and trading skills are the most important things in trading. Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: KingsDen on August 15, 2023, 12:01:13 PM (....) This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. Trading is not for everyone though, I have stopped day trading. Title: Re: When Trading becomes Unfavourable Post by: Franctoshi on August 15, 2023, 01:32:40 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, It's indeed good to stick to a trading plan and that should not just be any trading plan but a working trading plan which involves rules of entry and exiting plans, because you may be using the wrong trading plans which need adjustment or make changes to suit the market trading conditions. If you want to make change of plans it should be in accordance with the changing market behavior . Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: xSkylarx on August 15, 2023, 04:24:12 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. I know people have those natural emotions like greed, as we are humans and we feel the need to want more, but it is only about how we control it. Greed is really not good in all aspects, and you should know it deeply because if not, you'll be eating by your greed and you'll be losing more in a trade. Also, if you have a trading strategy, I dont see why you keep changing it in the middle of a trade. I mean, what is the reason you have a written strategy and you just change it? For sure, it is about emotions, which is why you'll need to control them. Make a strategy on how to control them. Title: Re: When Trading becomes Unfavourable Post by: GeorgeJohn on August 15, 2023, 04:34:23 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Actually you have made a point one of the major factors that affects trading, greediness is one of the major factors that a trader need to control its emotions and have a target during trading so that it can be able to make profit, the most thing makes traders to benefit from trading is that you have to learn trade and understand its protocols, so many people who venture into trading today do are into trading because they obtain the goods of trading by making profits, but it's not been done that way, in which I know quite well that trading is all about making money, you most have learn and understand the procedures of trading before you make money, but some traders doesn't acquire the full knowledge before trading and that is one of the things that contribute for losing in tradeSticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: Mame89 on August 15, 2023, 05:50:56 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Becoming a successful trader is actually more of a process of forming a mental attitude that requires sufficient insight and knowledge (by intensely studying the techniques and fundamentals), sufficient practice and the application of self-discipline in shaping the mental attitude of a trader so that we can control emotions and greed. But don't just be mental too, but it must be accompanied by knowledge, therefore keep learning about traders who are diligent in analyzing and understanding so that the strategies we use are also not wrong so there is no need to change the initial plan to a new plan.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Indeed, changing the strategy mostly makes us lose, but not all of them. Sometimes changing strategies in the middle can also be profitable, so returning to the points above requires knowledge and keeping up to date with the latest news so that the decisions we make when trading are the right ones. Title: Re: When Trading becomes Unfavourable Post by: Stable090 on August 15, 2023, 06:20:06 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sometimes we have to be satisfied with the profit we make in a trade, we won’t always be making a good profit, the time will come when you will make a good profit. Also, make sure you avoid revenge trading. After losing money, make sure you avoid trying to make the money back instantly. That’s revenge trading, which might lead you into losing more money. That’s why if you lose in a trade, you can take a break. Never try to revenge in a trade.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. When trading, it’s always advisable to have a trading strategy. We all have to develop our own trading strategy and not copy what others are using. The strategy I am using might not work for other people, which is why it’s always advisable to have a specific trading strategy. But I don’t think a trading strategy can be used forever. When we use a strategy and discover that it is no longer profitable, we have to improve it.Title: Re: When Trading becomes Unfavourable Post by: Mpamaegbu on August 15, 2023, 06:36:23 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend Greed is the real bane of trading. Many unprofitable traders erroneously think that trading is a shortcut to making easy money. They want to increase leverage or lot size (forex term) while triggering trades but won't like to quickly exit losing trades, hoping they will revert. By the way, by "chasing a trend" I guess you wanted to say "chasing a trade" or "trading against a trend" which is a bad thing.Another thing that can make trading unfavourable is lack of emotional control. It's in trading one knows how important the word wait or patience is. No matter how good a trader's setup or trading plan is, if he doesn't have a grip on his emotions he will mess it up. Trading is more of emotional control that technical. Title: Re: When Trading becomes Unfavourable Post by: tjtonmoy on August 15, 2023, 06:48:50 PM ~Snip Start low and learn to use risk management. Not every trade is going to be favorable. You will need to get used to the losses. There will always be profits and losses. Because in the crypto market, one's loss is another's profit. So this will continue to happen. Either with you or someone else. So what we can do is manage our losses to minimize them. That's why it is essential to learn risk management. Even if you follow the rules and your calculation is correct, the market is moving in the opposite direction, then you will need to change your strategy. One strategy will never work forever. Having multiple strategies is a must if you want to stay ahead. Also, why not take a break? If the market is not favorable at the moment, take a break. Do something else. Freshen up your mind, and then come back to it later on. This helps like a charm. Title: Re: When Trading becomes Unfavourable Post by: Vaculin on August 15, 2023, 07:16:25 PM Well, it’s not that all the time the market will favor your trades. If that happens, surely a lot of gamblers would turn into instant millionaires. However, the reality is there are more number of unfavored trading cases compared to successful ones that’s why a lot have been losing than celebrating their gains. But of course, all these losing events have something to do based on how they trade, if they keep on chasing their greed for more profitable trades, or simply because of their wrong attitudes towards trading that make them very unlucky to make profits. But I believe what is certain is that if you don’t follow the basic rules in trading, then it’s hard to expect to end up with successful and profitable trades.
Title: Re: When Trading becomes Unfavourable Post by: Hamphser on August 15, 2023, 08:25:55 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Actually its hard for someone to follow their plan especially when they enjoy their trades or they want to get more profits since for sure they will do a risky trades with that. But I think if you are a newbie its good that you experience those scenarios since you can experience the negative sides of the action you do and once you realize that mistake cost you some money then for sure you will never commit those again then you will be more careful on your trades decision and selections. another or simply having that Plan B's or C's in speaking about on making out positioning because if things goes south then you are already prepared for such situation.We know that its never been that always that we can make out some precise trading decisions on which there's really a time that we would be losing a trade, there's no such thing about being a perfect trader and with such random and volatile market then it would really be just that so normal that we do either miss or able to hit the right decision. In overall, having this market which is speculative then it would really be just that right on having that speculative approach too on which it is really just that a typical thing to be done by people who are engaging or get involved into this market. Just dont simply give up because of experiencing few losses or some devastating ones because you do eventually learnt up with those experience which you would be needing to be honed so that the time comes that you are finding yourself that more skilled and experienced as the time passing by. Title: Re: When Trading becomes Unfavourable Post by: Bushdark on August 15, 2023, 09:15:32 PM (....) This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. Trading is not for everyone though, I have stopped day trading. Title: Re: When Trading becomes Unfavourable Post by: mirakal on August 15, 2023, 09:28:41 PM Trading is not just all about wins, but at some point trading comes with losses as well. And regardless if you are a newbie or a pro in trading, it’s inevitable to see unfavorable trades simply because the market is not stable and certain. However, this is the reality in trading. That’s why before one decides to trade, he should weigh those calculated risks first, and should be ready to trade for losses because trading is never a guaranteed profits all the time.
Title: Re: When Trading becomes Unfavourable Post by: _BlackStar on August 15, 2023, 09:39:16 PM Trading is not for people who are controlled by their emotions. I don't quite understand what you mean - trading should be for those who can control their emotions.If a trader puts his emotions first - then I think they will really suffer a negative impact especially in terms of psychology. Some of the points include panic, greed and excessive anxiety so that in the end you don't succeed in getting the expected profit. That should be an important point to avoid - while they should be quite capable of learning and have a good plan for that trade. Title: Re: When Trading becomes Unfavourable Post by: kawetsriyanto on August 15, 2023, 09:48:27 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend,~ Of course, if we become greedy in trading, we are very possible to get a problem then. Greedy people sometimes won't set a realistic target, they will be too much obsessed of bigger profits. I myself already experienced this, I lost big money due to targeting unrealistic profits. I am not aware that the market situation may change in a short time, so planning a realistic target is a must and don't forget to analyze the market trend wisely. Both greedy and chasing the trend are not a wise way in trading, it makes us inattentive. Also, we must have own strategy in trading, don't try to follow other people's strategy that may be popular in that time. People's strategy may not fit with us, not everyone can succeed to use the same strategy!Title: Re: When Trading becomes Unfavourable Post by: nelson4lov on August 15, 2023, 10:34:08 PM ~Snipped . Most traders think that having the finest lines, curves or sleekest chart is a decisive factor about how well a trader can make profits but it's not often the case. It takes a rounded approach. In my experience, the first step in any trading career is not to learn technical analysis but to learn about emotions while looking out for patterns about how the trader in question reacts to certain situations. You might have the right technical analysis and biases but miss out on the gains because your emotions made you do so. Ignoring it simply sets one up to fail. Title: Re: When Trading becomes Unfavourable Post by: JeffBrad12 on August 15, 2023, 11:30:10 PM such thing truly depends on your flexibility of reacting to the current circumstances after all doesn't matter whatever strategy there is you should know how to make some decision intercepting the current strategy if things went wrong and your investment might be at risk of losing instead.
but then again there strategy as simple as holding thats already proven to be effective throughout the year, even if market getting massive bearish you could just prolong the duration of your holding and you're still one. with trading you don't have that luxury, you always need to watch out for the market movement, and sometimes you might question whether trading is worth the effort. Title: Re: When Trading becomes Unfavourable Post by: kamvreto on August 15, 2023, 11:57:52 PM ~snip~In my experience, the first step in any trading career is not to learn technical analysis but to learn about emotions while looking out for patterns about how the trader in question reacts to certain situations. You might have the right technical analysis and biases but miss out on the gains because your emotions made you do so. Ignoring it simply sets one up to fail. Managing trading emotions is an important thing to do first, because it is not easy to have stable trading emotions. The final determinant of trading depends on how we make decisions and emotions will underlie it. It is also influenced by the technical analysis carried out. Finding a suitable technical analysis pattern also takes time, because many analysis tools can be combined and you have to choose which one you will use. Don't neglect anything, practice trading emotions, technical analysis will give you a good experience it must go hand in hand. Title: Re: When Trading becomes Unfavourable Post by: AmoreJaz on August 15, 2023, 11:59:05 PM ~snip~In my experience, the first step in any trading career is not to learn technical analysis but to learn about emotions while looking out for patterns about how the trader in question reacts to certain situations. You might have the right technical analysis and biases but miss out on the gains because your emotions made you do so. Ignoring it simply sets one up to fail. Managing trading emotions is an important thing to do first, because it is not easy to have stable trading emotions. The final determinant of trading depends on how we make decisions and emotions will underlie it. It is also influenced by the technical analysis carried out. Finding a suitable technical analysis pattern also takes time, because many analysis tools can be combined and you have to choose which one you will use. Don't neglect anything, practice trading emotions, technical analysis will give you a good experience it must go hand in hand. the usual dilemma here is that most newcomers in crypto trading have false hope of getting rich quick. they thought it is easy to earn profits from crypto, hence, they jump on every hype they see. up until they come up to the fact that most alts are just money grab from gullible buyers. Title: Re: When Trading becomes Unfavourable Post by: Fatunad on August 15, 2023, 11:59:48 PM (....) This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. Trading is not for everyone though, I have stopped day trading. would be able to find out whether you are really that progressive or being that stuck on a certain situation on which you cant really be able to overcome or you do continuously fail. It would really be just that a common approach or reaction that you would really be needing to adjust accordingly. We arent that blind nor not been aware on how this market behaves which it is really that truly random and no matter how well you do make out those kind of analysis whether technical or fundamentals, it wont really be still giving out that assurance that out that positive results or outcome on which there's always the possibility that it would really be that ending on negative results and just like on what others been saying that you would be needing to make yourself that versatile because if you dont, then you would definitely be making yourself struggle on handling yourself towards the market. Title: Re: When Trading becomes Unfavourable Post by: Bitcoin_people on August 16, 2023, 05:01:50 AM Starting a business must face many challenges. Trading should be done mainly with experience only then it is possible to profit but many times it is seen that traders fail their opponents and lose half. You need to gain good experience when you start trading otherwise you will be emotional when you face losses. In that case you have to start trading with risk because many times you may face huge losses but also many times you may profit. You need to know the important things about trending so that you don't face losses and know which coins you can trade in to profit. If you invest in some elat coins which are not trusted then you will definitely risk your money and may face losses. But if you start trading with Bitcoin then you will have less risk of loss and will be able to profit in future without having to face losses. And you must take advice from all investors to learn more details about trading and gain experience only then you can move forward.
Title: Re: When Trading becomes Unfavourable Post by: TheUltraElite on August 16, 2023, 05:58:22 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, The only trading plan to follow is buy low and sell high. There is nothing to abandon here, if you are only going with spot trading and not the others. Then there are those who panic at a market moving the opposite of what they predicted. For them I suggest dummy trading at first if they are new and that does not work to season their emotions they should stop trading.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Greed and others are common but controlling them takes time to learn. Specially if you are trading as a side hustle you can remain calm more easily - reason why I suggest people to have some real life job and then trade. Title: Re: When Trading becomes Unfavourable Post by: Dzwaafu11 on August 16, 2023, 06:52:09 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. The problem with many traders today is greed and a lack of fundamental knowledge of trading. It always surprises me when you see someone who is expecting to learn trading decide to trade because he saw a friend who is a trader gain profit without understanding what that friend has passed through before getting to that stage. However, greed has never favored someone anywhere, not only in trading, and the most important thing is emotion. A trader needs to have control over his emotions, even someone who is an expert in trading. If you cannot control your emotions, you are at a higher risk of losing your money than someone who is new to trading but has control over his emotions. But for trending, when you see some trending, the best thing you should do is have a plan for it and do good research about what you see. If the number of people favoring the trend is higher than the number of people who are unlucky, you can see that you can also give the trend a try and see if it will also be in your favor. Title: Re: When Trading becomes Unfavourable Post by: palle11 on August 16, 2023, 08:46:45 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, You can take the decision to stop an unfavourable trade no matter the amount of loss you are already incurring but at same time don't regret when the direction suddenly change to your earlier position. In that situation take it as one of those days the market is not giving a good opportunity for you.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Remember even the best trading strategy do fail so when this happens don't see your strategy as a losing one. I keep this in mind that everyday will not be a successful trading day. Title: Re: When Trading becomes Unfavourable Post by: Questat on August 16, 2023, 11:07:20 AM Starting a business must face many challenges. Trading should be done mainly with experience only then it is possible to profit but many times it is seen that traders fail their opponents and lose half. You need to gain good experience when you start trading otherwise you will be emotional when you face losses. In that case you have to start trading with risk because many times you may face huge losses but also many times you may profit. You need to know the important things about trending so that you don't face losses and know which coins you can trade in to profit. If you invest in some elat coins which are not trusted then you will definitely risk your money and may face losses. But if you start trading with Bitcoin then you will have less risk of loss and will be able to profit in future without having to face losses. And you must take advice from all investors to learn more details about trading and gain experience only then you can move forward. We can learn more things from trading through experience but with that, losses will accompany us as well. As we begin trading, it should not be the profit that we have to think about first but instead, focusing on learning first and considering all the mistakes and losses will help us more. We can say that nobody becomes successful in trading without suffering losses and it comes with patience. And if we think it was easy, I don't think we are able to reach our goal and become successful but possibly will fail. Title: Re: When Trading becomes Unfavourable Post by: cheezcarls on August 16, 2023, 12:44:02 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. No matter how experience you are in trading, the market is always the master. Even sticking to the trading plan isn’t perfect either, because there are unpredictable things that would happen without warning. Even pro traders out there are getting liquidated in their positions too. Whatever technical analysis, predictions and insights that they have, they cannot outsmart the market. Risk management is always the best skill that we need in unpredictable situations in the crypto space. Title: Re: When Trading becomes Unfavourable Post by: abel1337 on August 16, 2023, 12:45:41 PM Starting a business must face many challenges. Trading should be done mainly with experience only then it is possible to profit but many times it is seen that traders fail their opponents and lose half. You need to gain good experience when you start trading otherwise you will be emotional when you face losses. In that case you have to start trading with risk because many times you may face huge losses but also many times you may profit. You need to know the important things about trending so that you don't face losses and know which coins you can trade in to profit. If you invest in some elat coins which are not trusted then you will definitely risk your money and may face losses. But if you start trading with Bitcoin then you will have less risk of loss and will be able to profit in future without having to face losses. And you must take advice from all investors to learn more details about trading and gain experience only then you can move forward. We can learn more things from trading through experience but with that, losses will accompany us as well. As we begin trading, it should not be the profit that we have to think about first but instead, focusing on learning first and considering all the mistakes and losses will help us more. We can say that nobody becomes successful in trading without suffering losses and it comes with patience. And if we think it was easy, I don't think we are able to reach our goal and become successful but possibly will fail. Title: Re: When Trading becomes Unfavourable Post by: Jody.Drummer on August 16, 2023, 03:25:21 PM Starting a business must face many challenges. Trading should be done mainly with experience only then it is possible to profit but many times it is seen that traders fail their opponents and lose half. You need to gain good experience when you start trading otherwise you will be emotional when you face losses. In that case you have to start trading with risk because many times you may face huge losses but also many times you may profit. You need to know the important things about trending so that you don't face losses and know which coins you can trade in to profit. If you invest in some elat coins which are not trusted then you will definitely risk your money and may face losses. But if you start trading with Bitcoin then you will have less risk of loss and will be able to profit in future without having to face losses. And you must take advice from all investors to learn more details about trading and gain experience only then you can move forward. We can learn more things from trading through experience but with that, losses will accompany us as well. As we begin trading, it should not be the profit that we have to think about first but instead, focusing on learning first and considering all the mistakes and losses will help us more. We can say that nobody becomes successful in trading without suffering losses and it comes with patience. And if we think it was easy, I don't think we are able to reach our goal and become successful but possibly will fail. Title: Re: When Trading becomes Unfavourable Post by: doomloop on August 16, 2023, 07:17:00 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Greed can definitely make someone lose a lot of money and that is the case in every industry, not only in trading. I wouldn't call chasing a trend unfavorable for someone, although I believe that someone should just always do their research and analyze all the situations and the outcome of chasing a certain trend, having experience in such a case can definitely make someone feel a bit more confident because they would know everything in that case.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Also, maybe not changing the trading plan completely but making adjustments during an open trade only due to the market volatility that might not be going towards your desired direction shouldn't really be considered bad because such things can always happen in the cryptocurrency market. Title: Re: When Trading becomes Unfavourable Post by: RewFrew on August 16, 2023, 07:36:40 PM Actually for trading we have to learn properly about it. We saw experienced traders can profit but without proper knowledge when someone who are invest and trade then he losing his valuable fund. But some times we are losing for unfavourable trading, these factors includes Greed, and chasing a trend. Some times trade were unfavourable so we lost our valuable fund and some times we were losing for greed and some times we could not chasing trend. I think those are main causes for lose in trade. Trade were favourable and we able to control emotion and greed and market trend were Goes in our favor then we able to profit.
Title: Re: When Trading becomes Unfavourable Post by: livingfree on August 16, 2023, 07:51:34 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. If you've got a plan, you have to stick on it because that's what you think is right. But unforeseen changes do happen at any time and you should also be open on it.Who knows if that unplanned strategy came to you and that works better for you. That means that you have discovered a strategy that works perfectly for you through this unplanned change. Otherwise, it's best to stick to what you think is better than unknown changes that might come to you as you trade. Title: Re: When Trading becomes Unfavourable Post by: freedomgo on August 16, 2023, 08:06:47 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Yes, adherence to the trading plan is healthy in trading. It is wrong to move from one strategy to another without completing it. This movement often causes losses.It is true that most of the time you have to stick to the trading plan until the end, but on the other hand, sometimes insisting on continuing the strategy is a mistake. If you see a defect in the results, you should re-evaluate the plan and then decide whether to continue, move to another strategy, or stop. Title: Re: When Trading becomes Unfavourable Post by: dunfida on August 16, 2023, 08:38:15 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Yes, adherence to the trading plan is healthy in trading. It is wrong to move from one strategy to another without completing it. This movement often causes losses.It is true that most of the time you have to stick to the trading plan until the end, but on the other hand, sometimes insisting on continuing the strategy is a mistake. If you see a defect in the results, you should re-evaluate the plan and then decide whether to continue, move to another strategy, or stop. of regret on the time that you would be able to do such thing but if it did make out that other result or going along with the current change you had and turns out to be effective or a profitable one, then you would really be having that kind of perception or thinking that it is really that better to have those kind of adjustments if ever you do feel for it to be change. This is situational and this would really vary since not all changes would result on positive because its true that if you cant really be able to steady up with your initial plans then i could say that you arent really that good on handling out your emotion or having that discipline. Well, every decision to be made would be having that corresponding risks and since we are dealing on a market on which it is really that truly unpredictable then there's no way that we could be able to precisely tell on where it would be heading or going. This is why we do always be having that speculative approach from time to time and have those factors which could affect out our decisions earlier which we really mind off whether we do go that way or stand still. Title: Re: When Trading becomes Unfavourable Post by: Issa56 on August 16, 2023, 08:50:31 PM Trading is like graduating from one phase to another. We can't understand every phase like others seem to but what we need to do is to get proper understanding from the stage we are so that we can utilize it in a way that will bring us profits as gambler. Some traders do still know some necessary things they needed to understand very compulsory before they start going into life trading and if we don't work smartly, we can fall out from where we want to see ourselves or from the position we started. We need to avoid and setback as a trade Mr that can bring loses to us at all cost. Trading is a gradual process; it's not something you can start and think you can be making money instantly. If you are looking for instant money, then stay away from trading, or you might end up losing everything. I had a similar experience when I started trading. I didn't have anyone to guide me, so I had to learn it by reading books and watching tutorial videos on YouTube. In the process of learning, I wasted all the money I deposited to trade it. I was scared then, so after entering a trade and being at a loss, I would end up selling the coin. I was scared of losing money, and it happened to me repeatedly until I had nothing left in my wallet. I did more research to gain more knowledge, and there was improvement.Title: Re: When Trading becomes Unfavourable Post by: Finestream on August 16, 2023, 09:11:36 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. I totally disagree - especially if you have to change your long term to short term plans out of necessity.As long as you sell it in a position that benefits you financially - then you are free to make changes to the plan. Trading shouldn't be so rigid - sometimes you also need to make adjustments instead of sticking to a strategy that isn't more profitable. I hope you see what I mean - but it's not too hard. Title: Re: When Trading becomes Unfavourable Post by: Japinat on August 16, 2023, 09:46:06 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Actually its hard for someone to follow their plan especially when they enjoy their trades or they want to get more profits since for sure they will do a risky trades with that. But I think if you are a newbie its good that you experience those scenarios since you can experience the negative sides of the action you do and once you realize that mistake cost you some money then for sure you will never commit those again then you will be more careful on your trades decision and selections. Title: Re: When Trading becomes Unfavourable Post by: carlfebz2 on August 17, 2023, 11:31:34 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Actually its hard for someone to follow their plan especially when they enjoy their trades or they want to get more profits since for sure they will do a risky trades with that. But I think if you are a newbie its good that you experience those scenarios since you can experience the negative sides of the action you do and once you realize that mistake cost you some money then for sure you will never commit those again then you will be more careful on your trades decision and selections. of course this one involves that long time engagement and experience towards this market.This isnt something talking about few weeks or months but rather years because this market is always been that something random or unpredictable on which handling out yourself and making sustainable is the main challenge that you would really be needing to find out because if you cant sustain this market then there's something wrong with your trading ways and methods which is something you do need to find out. There's no indeed such thing about perfect trade but somewhat there's really that sustainable ones despite of the losses you do have you do still able to make yourself that profitable in the end of the day. Never stop learning and dont let those few losses would discourage you on moving forward because this had been always the problem or common issue for people on easily on giving up on the time that they do experience unfortunate events. Title: Re: When Trading becomes Unfavourable Post by: ultrloa on August 17, 2023, 11:43:07 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Actually its hard for someone to follow their plan especially when they enjoy their trades or they want to get more profits since for sure they will do a risky trades with that. But I think if you are a newbie its good that you experience those scenarios since you can experience the negative sides of the action you do and once you realize that mistake cost you some money then for sure you will never commit those again then you will be more careful on your trades decision and selections. of course this one involves that long time engagement and experience towards this market.This isnt something talking about few weeks or months but rather years because this market is always been that something random or unpredictable on which handling out yourself and making sustainable is the main challenge that you would really be needing to find out because if you cant sustain this market then there's something wrong with your trading ways and methods which is something you do need to find out. There's no indeed such thing about perfect trade but somewhat there's really that sustainable ones despite of the losses you do have you do still able to make yourself that profitable in the end of the day. Never stop learning and dont let those few losses would discourage you on moving forward because this had been always the problem or common issue for people on easily on giving up on the time that they do experience unfortunate events. The mistake of newbie is they think trading is easy that's why they want to make all fast together with the profits they possibly take. That's the reason why many of them fail on their first trade because they are there by hype then gain and not for learnings and experiences. If they approach trading in a right way and start to learn technical matters about it provably they became a pro in long run. Also to many changes happen in the market so its better for them to adopt those things so that they will not miss any important situation that can help them on their trading decisions. Title: Re: When Trading becomes Unfavourable Post by: lienfaye on August 18, 2023, 12:48:00 AM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Well it depends. It's good to follow your trading plan since that's what you prepared for. However there are instances wherein changing strategy is also beneficial and that is if you know the current plan is not going to have a good result. Thus, it depends on the situation since we all want to profit when we trade.But it's not right if you're frequently switching strategy and didn't complete the current one due to your greed. The reason why you need to condition yourself to set aside emotion when dealing in trading because it can influence your decision to stick to your plan. Title: Re: When Trading becomes Unfavourable Post by: tygeade on August 18, 2023, 02:40:40 AM We can learn more things from trading through experience but with that, losses will accompany us as well. As we begin trading, it should not be the profit that we have to think about first but instead, focusing on learning first and considering all the mistakes and losses will help us more. We can say that nobody becomes successful in trading without suffering losses and it comes with patience. And if we think it was easy, I don't think we are able to reach our goal and become successful but possibly will fail. The money that you lose in your journey on trading can be consider as charge to experience. Most of us suffered from losses especially when we are all just starting but yeah there are people who wins on the early stage of their trading experience and I don't think it's a bad thing especially if the trader didn't became overconfident of the market and still treat the market with caution. But yeah every successful trader experience losses on trading, it's their own will that will make them continue in practicing trading.Even the best veteran traders I have seen had losses here and there, because losing is something that is natural part of trading, and if you are not careful then you are going to end up with a loss that is much bigger because you trust yourself a lot more than you should. This is why earning at the very start could be even worse, because it can lead to bigger loss later on. Title: Re: When Trading becomes Unfavourable Post by: Pandu Geddon on August 18, 2023, 04:04:03 AM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Well it depends. It's good to follow your trading plan since that's what you prepared for. However there are instances wherein changing strategy is also beneficial and that is if you know the current plan is not going to have a good result. Thus, it depends on the situation since we all want to profit when we trade.But it's not right if you're frequently switching strategy and didn't complete the current one due to your greed. The reason why you need to condition yourself to set aside emotion when dealing in trading because it can influence your decision to stick to your plan. therefore experienced traders usually make 2 to 3 of their trading plans. the plan can change when it is felt that the market situation is not moving according to the predictions made. so it is highly recommended to change the strategy to minimize losses or even reverse it for profits. such efforts are made by possessing excellent skills. for beginners, of course it is not recommended because what might just happen is panic and it actually ruins the plans that have been made. if you are still losing money, it is better to stop for a moment and evaluate what went wrong. and come back when it is possible. Title: Re: When Trading becomes Unfavourable Post by: wxa7115 on August 19, 2023, 03:56:50 AM The money that you lose in your journey on trading can be consider as charge to experience. Most of us suffered from losses especially when we are all just starting but yeah there are people who wins on the early stage of their trading experience and I don't think it's a bad thing especially if the trader didn't became overconfident of the market and still treat the market with caution. But yeah every successful trader experience losses on trading, it's their own will that will make them continue in practicing trading. That's purely luck, if you are winning something at the early stages of you trading then you are purely getting lucky and nothing more. You should be doing something a bit more careful at the very start and if you did something risky and ended up with a profit, that doesn't mean that you are going to keep doing that all the time, you are going to end up losing money.Even the best veteran traders I have seen had losses here and there, because losing is something that is natural part of trading, and if you are not careful then you are going to end up with a loss that is much bigger because you trust yourself a lot more than you should. This is why earning at the very start could be even worse, because it can lead to bigger loss later on. They just got lucky and instead of working hard to improve themselves they come to the conclusion they do not need to do anything else in order to become profitable, but eventually that luck runs out and then their results will reflect exactly the level of skill they have. Title: Re: When Trading becomes Unfavourable Post by: Sim_card on August 19, 2023, 04:54:48 AM Sticking to the trading plan is also good to avoid unfavourable trade Title: Re: When Trading becomes Unfavourable Post by: Alpha Marine on August 19, 2023, 09:54:25 AM It's healthy that you still feel emotions imo, that means that you're not totally a slave to money, if I'm being honest it's okay to express the emotions instead of bottling them up, the key to not affect your trade is that you can control when you express it. Emotions are not totally a bad thing, but if one can be without emotions in trading and just focus on his unbiased analysis it will be more favorable to the trader. Emotions can be a barrier to analysis. Sometimes your calculations may tell you something else, but your emotions will tell you something else. On a few occasions, your emotions might be right but it will just be fear. Emotions like greed, and fear can make you make decisions that you ordinarily didn't want to make while trading and you can regret them later. So to me, it's best if you can just make decisions without any emotions involved. Title: Re: When Trading becomes Unfavourable Post by: AicecreaME on August 19, 2023, 11:16:28 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. These things you have mentioned are always being experience by newbies, because they are expecting too much from themselves even though they know that they are just starters. For me, even the bad trades are important, because from those failures, you're gonna learn more than what you can learn from winning. The only thing they have to do is to calm down, take a rest instead of chasing their losses, because you can't gain something from a clouded mind and messed up decision making. Title: Re: When Trading becomes Unfavourable Post by: rozak on August 19, 2023, 11:37:00 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. These things you have mentioned are always being experience by newbies, because they are expecting too much from themselves even though they know that they are just starters. For me, even the bad trades are important, because from those failures, you're gonna learn more than what you can learn from winning. The only thing they have to do is to calm down, take a rest instead of chasing their losses, because you can't gain something from a clouded mind and messed up decision making. stopping first like your suggestion is the most appropriate choice. trying to use other strategies and maybe switching to other assets also allows us to look for victory elsewhere. however, traders may be better off if they feel the loss first. that way their emotional mastery will grow with some of the trading experience they have gained. Title: Re: When Trading becomes Unfavourable Post by: WatChe on August 19, 2023, 11:56:23 AM Well it depends. It's good to follow your trading plan since that's what you prepared for. However there are instances wherein changing strategy is also beneficial and that is if you know the current plan is not going to have a good result. Thus, it depends on the situation since we all want to profit when we trade. But it's not right if you're frequently switching strategy and didn't complete the current one due to your greed. The reason why you need to condition yourself to set aside emotion when dealing in trading because it can influence your decision to stick to your plan. If you are continuously losing money in trading then its better to revise your strategy since there is no point in following a strategy that is giving you loss only. Sometimes changing the path also work and that's how we learn. You wont get a mature strategy straight away, one has to follow different strategies before he figure out what best work for him. To me best strategy is to invest for long time and you are following long term investment plan then you dont need to change it frequently. Title: Re: When Trading becomes Unfavourable Post by: Sanitough on August 19, 2023, 03:25:19 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. No matter how experience you are in trading, the market is always the master. Even sticking to the trading plan isn’t perfect either, because there are unpredictable things that would happen without warning. Even pro traders out there are getting liquidated in their positions too. Whatever technical analysis, predictions and insights that they have, they cannot outsmart the market. Risk management is always the best skill that we need in unpredictable situations in the crypto space. Title: Re: When Trading becomes Unfavourable Post by: Russlenat on August 19, 2023, 09:29:17 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, When you trade, you cannot simply expect that all your trades will be good enough to stay you in profits. In fact, there are more unfavorable trades happening than those favorable ones. That is because the market is not stable and will always be prone to changes every now and then, which makes it hard to predict a lot of times. And since most of the traders too particularly the newbies who claimed to be good traders brought along their greed and expect immediate profits, then that will make their trades more unfavorable to the market. The fact that you trade simply because for profits and not with passion to understand the market well, then it’s not surprising that you’ll end up trading that the market won’t favor.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: Hamphser on August 19, 2023, 10:33:54 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, When you trade, you cannot simply expect that all your trades will be good enough to stay you in profits. In fact, there are more unfavorable trades happening than those favorable ones. That is because the market is not stable and will always be prone to changes every now and then, which makes it hard to predict a lot of times. And since most of the traders too particularly the newbies who claimed to be good traders brought along their greed and expect immediate profits, then that will make their trades more unfavorable to the market. The fact that you trade simply because for profits and not with passion to understand the market well, then it’s not surprising that you’ll end up trading that the market won’t favor.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. means that every step you would make wont really be giving out an assurance that it would be positive. This is what always those people misconcepts about trading and dealing with this market. Specially when you are still newbie on which having this kind of common impression is really that you would feel on the time that you would be starting on. On the time that you would be able to face up the reality of this market then this is where self realization would kick in and you would be having that kind of impression that the initial mindset you do have is very wrong. Therefore, you would really be making out adjustments basing up on what you had encountered and you wont really be that too dumb enough for you not to distinguish on how risky this market is. If you dont make it serious then dont expect about serious results. Loses are inevitable but you could really be able to lessen it out if you do know on what you are doing. Title: Re: When Trading becomes Unfavourable Post by: tvplus006 on August 19, 2023, 11:25:22 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend... A lack of skills and experience usually leads to unfavorable trading. In such cases, instead of opening a short, a long position is opened and vice versa. It's all becoming like a casino. And so it goes on until all the money is lost. Title: Re: When Trading becomes Unfavourable Post by: Ziskinberg on August 20, 2023, 04:00:58 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Losing isn't quite unusual when you are new but if that will be consistently happening despite that you are in trading for several months, then we would that say there is a huge problem with us. Is not only we are too greedy, chasing trends, or chasing our losses but there is a problem with how we decide in every situation. Decision-making really matters in trading because even if you have a long trading experience but if you still lack of making a good decision or we can say we are following your emotions, you can't expect something good to happen to you either. Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: cute nmp on August 20, 2023, 04:12:21 AM Greed and chasing a trade are mostly what leads to losses in the Market, Took me a lot of time also to overcome this type of issue i have now adjusted my trading style and have learned my lesson to always stick to the trading plan no matter how hard, only that way one can to able to maintain consistency
Title: Re: When Trading becomes Unfavourable Post by: Cryptmuster on August 20, 2023, 08:05:38 AM Losing isn't quite unusual when you are new but if that will be consistently happening despite that you are in trading for several months, then we would that say there is a huge problem with us. Is not only we are too greedy, chasing trends, or chasing our losses but there is a problem with how we decide in every situation. Decision-making really matters in trading because even if you have a long trading experience but if you still lack of making a good decision or we can say we are following your emotions, you can't expect something good to happen to you either. Before a beginner is formed as a trader, he will need several years to form his trading strategy and gain the necessary experience. It can take from three years and all this time the trader will not have any significant profit, so when I hear the words beginner and trading, I understand that few of them will succeed and only a few will be able to go this way to eventually become traders who will receive profit. Title: Re: When Trading becomes Unfavourable Post by: avp2306 on August 20, 2023, 08:54:49 AM Losing isn't quite unusual when you are new but if that will be consistently happening despite that you are in trading for several months, then we would that say there is a huge problem with us. Is not only we are too greedy, chasing trends, or chasing our losses but there is a problem with how we decide in every situation. Decision-making really matters in trading because even if you have a long trading experience but if you still lack of making a good decision or we can say we are following your emotions, you can't expect something good to happen to you either. Before a beginner is formed as a trader, he will need several years to form his trading strategy and gain the necessary experience. It can take from three years and all this time the trader will not have any significant profit, so when I hear the words beginner and trading, I understand that few of them will succeed and only a few will be able to go this way to eventually become traders who will receive profit. Not actually years since he could develop that for months of proper researching and experiences on his trades. Its just it depends on your willingness to learn since if you just trade and leave the scene then came back when you feel to trade again then it will really take you for years before you can develop some strategy since your inconsistency will make your progress slow. But if you are eager to try and risk something just to learn for this you can learn a lot of thing without reaching years on trading. Title: Re: When Trading becomes Unfavourable Post by: Cryptmuster on August 20, 2023, 09:09:06 AM Not actually years since he could develop that for months of proper researching and experiences on his trades. Its just it depends on your willingness to learn since if you just trade and leave the scene then came back when you feel to trade again then it will really take you for years before you can develop some strategy since your inconsistency will make your progress slow. But if you are eager to try and risk something just to learn for this you can learn a lot of thing without reaching years on trading. This process will be different for everyone, maybe it will take someone less time, but basically this will take years. And the result will be those who will properly assess the risks, when the priority is to preserve your capital. Many beginners trade without stop losses and it seems to me that this significantly increases the risks for all traders, whether you are a beginner or an experienced trader. Title: Re: When Trading becomes Unfavourable Post by: ancafe on August 20, 2023, 11:07:22 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, That is the difficulty of trading and technically even though we have carried out the right strategy there is a kalan we suffer losses at certain times. Experience will direct someone how he is able to get out of pressure on the condition of loss. Emotions must also always be maintained to be stable when experiencing losses or when having to change trading patterns on the trip, so that it does not affect psychology when everything does not go well. Having a good trading plan and we also do not need to be rigid when we have to change other strategies because it could be the grip of our strategy not suitable in certain trade and must be adjusted quickly so as not to suffer losses.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Trading is arguably elastic and everyone does not only hold on to one strategy when you want to get a profit, because the core of running trade is only to achieve profits and that we must also be realistic when certain starters must be changed because there is no compatibility in undergoing certain trade at time at time which is the same. Title: Re: When Trading becomes Unfavourable Post by: Quidat on August 20, 2023, 06:43:33 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, That is the difficulty of trading and technically even though we have carried out the right strategy there is a kalan we suffer losses at certain times. Experience will direct someone how he is able to get out of pressure on the condition of loss. Emotions must also always be maintained to be stable when experiencing losses or when having to change trading patterns on the trip, so that it does not affect psychology when everything does not go well. Having a good trading plan and we also do not need to be rigid when we have to change other strategies because it could be the grip of our strategy not suitable in certain trade and must be adjusted quickly so as not to suffer losses.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Trading is arguably elastic and everyone does not only hold on to one strategy when you want to get a profit, because the core of running trade is only to achieve profits and that we must also be realistic when certain starters must be changed because there is no compatibility in undergoing certain trade at time at time which is the same. Title: Re: When Trading becomes Unfavourable Post by: Unbunplease on August 20, 2023, 09:14:04 PM There's no guarantee in speaking about trading when it comes to successful or profitable trades on which there's always that kind of probability that no matter how well or hard we do really make out that kind of analysis then there's always that chance for it to lose or ends up on being negative due to volatility and there's no way on avoiding this. This is why on the time that you would be seeing your trades going south or something that do speak about becomes errors or mistakes then usually people do get impulsive but experienced ones are already get used to it. This is why we do make out some multiple back up plans if ever a certain trade would really become that a losing one on which if ever the price dips then we do DCA if ever it do gains up then we do secure profits. We know that trading could be neither be having that kind of type which you might be dealing up with spot or futures which it does really have that kind of different approach when it comes to positioning and does require that different kind of dealing in times of durations or on how you would be placing yourself towards the market. Of course, it is difficult to plan now - especially because of the unpredictability of the market. It is not always possible to close a deal at a loss - you can lose all your capital. Intuition and portfolio diversification play an important role in trading. Impulsive trading, unfortunately, often takes place and can wipe out all the profits we earn by hard work in a matter of minutes Title: Re: When Trading becomes Unfavourable Post by: ancafe on August 21, 2023, 05:43:01 AM There's no guarantee in speaking about trading when it comes to successful or profitable trades on which there's always that kind of probability that no matter how well or hard we do really make out that kind of analysis then there's always that chance for it to lose or ends up on being negative due to volatility and there's no way on avoiding this. This is why on the time that you would be seeing your trades going south or something that do speak about becomes errors or mistakes then usually people do get impulsive but experienced ones are already get used to it. That is the reason why trade is not suitable for many people because even though we control technical matters, surely at certain times we will suffer losses. There is always a possible loss from every trade that we do, but what distinguishes the extent to which we are able to face psychological and emotional in it, so that even if we experience losses it will not make us psychologically influenced which excessive. That we can get when experience has taught us to face many things and experience will also shape us to be more mature in all things trading is no exception.This is why we do make out some multiple back up plans if ever a certain trade would really become that a losing one on which if ever the price dips then we do DCA if ever it do gains up then we do secure profits. We know that trading could be neither be having that kind of type which you might be dealing up with spot or futures which it does really have that kind of different approach when it comes to positioning and does require that different kind of dealing in times of durations or on how you would be placing yourself towards the market. Everyone has their own pattern of how they are involved in bitcoin both related to trading and investment. A backup plan is needed so that someone will not stop when experiencing losses in one place and that reason a person must also know his ability, whether they are suitable to trade or indeed more suitable for investment.Title: Re: When Trading becomes Unfavourable Post by: crwth on August 21, 2023, 06:22:39 AM You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading.
Title: Re: When Trading becomes Unfavourable Post by: letteredhub on August 21, 2023, 04:54:04 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Sticking to the original trading plan is actually good but there are circumstance in the course of the trade that will necessitate a change of plan that's why as a trader always have a contingency plan/strategy for every trade you execute so you don't get stucked in the middle of a trade that's not going in your favour and needs an immediate change of action you don't start working on emotions and blind trading. Title: Re: When Trading becomes Unfavourable Post by: Bushdark on August 21, 2023, 05:27:41 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Sticking to the original trading plan is actually good but there are circumstance in the course of the trade that will necessitate a change of plan that's why as a trader always have a contingency plan/strategy for every trade you execute so you don't get stucked in the middle of a trade that's not going in your favour and needs an immediate change of action you don't start working on emotions and blind trading. Title: Re: When Trading becomes Unfavourable Post by: Mauser on August 22, 2023, 07:43:49 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. These are factors that lead to unfavorable trading and investors need to be aware to avoid them. While any position that is in the red needs to be analyzed if it's still viable to hold them, we also need to look at our green position. In my opinion profitability should be the main concern in which we evaluate our trades and if a coin doesn't appear to be profitable we should switch investments. But even a trade that makes us money can be unprofitable. For example, if we make 5% on a project where we invest countless hours on research and time observing the market for the optimal buy and sell time, we maybe could have made higher returns in another project. Also we need to keep our opportunity cost in mind, all the hours trading we could have worked as an employee and get a monthly salary. So, there are multiple levels of profitability and we should consider them all when evaluating our positions. Title: Re: When Trading becomes Unfavourable Post by: Peanutswar on August 22, 2023, 11:03:48 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Better to find a trading pattern, and trading strategy to your side because not as always others strategy is working on you and suitable on it is to change every time it doesn't work, also make a backtrack with your trading mistakes, this serves to you as a guide and identifier with your trading activities. I know this could be an expensive learning but this is part of the trading journey of course, if your not too much confident why not take a try with the scalping or spot trading for a while. Title: Re: When Trading becomes Unfavourable Post by: shivansps on August 22, 2023, 11:13:06 AM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Yes, adherence to the trading plan is healthy in trading. It is wrong to move from one strategy to another without completing it. This movement often causes losses.It is true that most of the time you have to stick to the trading plan until the end, but on the other hand, sometimes insisting on continuing the strategy is a mistake. If you see a defect in the results, you should re-evaluate the plan and then decide whether to continue, move to another strategy, or stop. If you are driven by greed, then switching from one strategy to another is definitely a bad idea. This may give a result once or twice, but at a distance it can bring losses. If your strategy is not working, then it should be rethought, I agree with you. Worse than a non-working strategy can only be its absence. I agree with you, sometimes stopping and waiting without doing anything is the best strategy at this point in time. Title: Re: When Trading becomes Unfavourable Post by: shivansps on August 22, 2023, 11:19:15 AM The factors that you mentioned are psychological problems, following the direction of trading comes from a feeling of fear and greed that makes the individual take incorrect decisions only because everyone does that. When the price drops, you find everyone selling, and when it rises, you find everyone buying. Psychological trading can be solved by automating trading, but developing a strategy that includes all scenarios and plans to deal with them will lead to better results, or at least when things go wrong, do not make any decisions because sometimes the cost of making a decision is good, and sometimes it is better not to take any reaction. Trading is not for people who are controlled by their emotions. I agree with you, maybe the strategy was not bad, but if you do not control your emotions about deviating from the plan from your strategy, then you can lose money. The reason for the loss of this money will not be a bad strategy, but emotions that have taken control. It happens to everyone sometimes it is not necessary to draw conclusions and not repeat these mistakes. It's hard to trade if you can't control your emotions. Title: Re: When Trading becomes Unfavourable Post by: irhact on August 22, 2023, 07:53:42 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Sticking to a particular trading plan is good when that plan is making you profits but if the plan stop bringing in profit then you have to stop using it and move to another plan that can make your profits because a trader that's not making profits is of no good. Trading can be unfavorable when you don't know what you're doing or aren't using the right tools to analyze the market. As a trader you have to overcome your emotions so they don't influence the decision you're making. All decision taken when trading should be as a result of what you have analyze from the market and not just following your feelings or what you think will happen. Chasing a trend or allowing your greed to control you will only make you lose more than you win from trading. Title: Re: When Trading becomes Unfavourable Post by: Ojima-ojo on August 22, 2023, 08:03:21 PM Sometime i stop to ask, what the difference is between gambling and trading because but present a significant high risk and same pattern of lose accumulations, reading through alm the replies in this thread makes me more convinced on this fact.
Greed have been the most mentioned reasons while traders lose and doing so can come in form of increasing your leverage level because this will draw close your liquidation value and if the market should go against your expectation you lose quickly, so the best possible thing to do is to use low leverage and not allow emotions to control you into increasing leverage all in anticipation of winning. Title: Re: When Trading becomes Unfavourable Post by: milewilda on August 22, 2023, 09:19:00 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Sticking to a particular trading plan is good when that plan is making you profits but if the plan stop bringing in profit then you have to stop using it and move to another plan that can make your profits because a trader that's not making profits is of no good. Trading can be unfavorable when you don't know what you're doing or aren't using the right tools to analyze the market. As a trader you have to overcome your emotions so they don't influence the decision you're making. All decision taken when trading should be as a result of what you have analyze from the market and not just following your feelings or what you think will happen. Chasing a trend or allowing your greed to control you will only make you lose more than you win from trading. that could really be totally random and this is why making yourself that optimistic will definitely be bringing out some tons of disappointments on the time that you would be losing your trades which you do believe that it is really that a sure profits one. Title: Re: When Trading becomes Unfavourable Post by: kawetsriyanto on August 22, 2023, 09:56:10 PM Sticking to the original trading plan is actually good but there are circumstance in the course of the trade that will necessitate a change of plan that's why as a trader always have a contingency plan/strategy for every trade you execute so you don't get stucked in the middle of a trade that's not going in your favour and needs an immediate change of action you don't start working on emotions and blind trading. Agree. There is a situation when we must change the plan, we can't force to stick on the original plan forever. That's why a trader must have several plans, don't make a single plan only. I sometimes do cutloss or change my trading style if it is needed. I also won't stick on my original plan if it looks bad for the future. We must have the ability to analyze the future of the market and our coins, so we can adjust the plan or the strategy.Well, the point is whenever we realize our plan is no longer effective, there should be a change. But if the plan looks still effective enough, we are better to stick on the original plan. Sure, the change is needed if it is likely to get stucked and not favorable anymore. However, we don't change the plan because we panic or emotion. It should be according to a deep analysis. Title: Re: When Trading becomes Unfavourable Post by: GeorgeJohn on August 22, 2023, 11:23:01 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, If the trading pattern you stick to stops working for you, and you probably stop gaining profit from trading, then it is time to review other trading patterns and make some changes because no one wants to lose.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Greed is not always favorable, but following trends pays sometimes when you do good research about the trend and take caution before starting to follow the trend. Title: Re: When Trading becomes Unfavourable Post by: jeraldskie11 on August 22, 2023, 11:31:34 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, If the trading pattern you stick to stops working for you, and you probably stop gaining profit from trading, then it is time to review other trading patterns and make some changes because no one wants to lose.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Greed is not always favorable, but following trends pays sometimes when you do good research about the trend and take caution before starting to follow the trend. Title: Re: When Trading becomes Unfavourable Post by: Uruhara on August 22, 2023, 11:56:48 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Well this is important for us to be able to have financial management, risk management and emotional management in trading. Well, I haven't mastered all of that yet. I'm also still learning about it. But after I learned this, it is actually quite effective in minimizing losses. And maximize profit potential. But out of all of them the least easy to learn is about building a strong mentality in trading. Well sometimes because our weak mentality can make us deviate from the mature trading plan we have made. And yeah that's not a good thing. And people say that mentality builds up with more experience in trading. I believe it. Because I also feel like I'm starting to get better after I get more and more involved in trading.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: xSkylarx on August 23, 2023, 03:30:13 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Better to find a trading pattern, and trading strategy to your side because not as always others strategy is working on you and suitable on it is to change every time it doesn't work, also make a backtrack with your trading mistakes, this serves to you as a guide and identifier with your trading activities. I know this could be an expensive learning but this is part of the trading journey of course, if your not too much confident why not take a try with the scalping or spot trading for a while. That is really the problem of newbie traders; they tend to copy the strategies of others or, like, even those posted on Youtube, and they think that it will work on them. But I am also one of them. Before I asked my friend what his strategy was, he explained it, and when I tried it, it didn't work on my end. I kept losing. This is because it may work on others as they really learned their strategy and they really understood it as they made it, so you should also make it for yourself. Title: Re: When Trading becomes Unfavourable Post by: doomloop on August 23, 2023, 06:28:41 AM Sticking to the original trading plan is actually good but there are circumstance in the course of the trade that will necessitate a change of plan that's why as a trader always have a contingency plan/strategy for every trade you execute so you don't get stucked in the middle of a trade that's not going in your favour and needs an immediate change of action you don't start working on emotions and blind trading. Those who work with trading plan are the ones that will become successful in trading because greed is one of the things that will that keep making traders to end up in loses. It is good to always ask questions no meter how good we are in trading. Traders need a lot of effort to analyze the market so that one can be more profitable as a trader. Those we keep losing in trading are doing that because of eithner they are not ready to learn or they can't analyze the market very well. Market analysis is a very important part if being a trader unless we are using bots. However, I agree that there is nothing wrong in changing your plan as per the market conditions at a certain time, and that is why, it is always best to place your trades with proper risk-management techniques so that even if you have to change plans in the middle, you don't face any issues. Title: Re: When Trading becomes Unfavourable Post by: uswa56 on August 23, 2023, 09:50:31 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, This is not always the case, in fact sometimes we have to change plans in the middle of a trade that we are doing to minimize risk or turn things around, trading is very flexible, everything is possible to happen, so we have to be prepared in all things.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. And as for greed I think it's beyond trading techniques, it's more self-control, if for greedy let alone trading in any case those who are greedy will never find success. Title: Re: When Trading becomes Unfavourable Post by: Franctoshi on August 23, 2023, 10:30:55 AM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. I totally disagree - especially if you have to change your long term to short term plans out of necessity.As long as you sell it in a position that benefits you financially - then you are free to make changes to the plan. Trading shouldn't be so rigid - sometimes you also need to make adjustments instead of sticking to a strategy that isn't more profitable. I hope you see what I mean - but it's not too hard. You nailed it, The market is reactive, even though we have trading plans and all sorts of that, We should learn how to adjust if need be, sometimes some situations occur in the market and your strategy will seem not to be giving you the expected results, which is as result of the economic factor, wars or any bad event. For example, if you notice since the coronavirus pandemic, the dynamics of the mark has changed slightly. Title: Re: When Trading becomes Unfavourable Post by: Taskford on August 23, 2023, 12:25:19 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. I totally disagree - especially if you have to change your long term to short term plans out of necessity.As long as you sell it in a position that benefits you financially - then you are free to make changes to the plan. Trading shouldn't be so rigid - sometimes you also need to make adjustments instead of sticking to a strategy that isn't more profitable. I hope you see what I mean - but it's not too hard. You nailed it, The market is reactive, even though we have trading plans and all sorts of that, We should learn how to adjust if need be, sometimes some situations occur in the market and your strategy will seem not to be giving you the expected results, which is as result of the economic factor, wars or any bad event. For example, if you notice since the coronavirus pandemic, the dynamics of the mark has changed slightly. While trading its important to see the news since this could change the situation of the market and we need to be more careful on dealing some of our expectation so that we will not exceed and trade can trade according to our plans. Since sometimes we are prone to commit mistakes if we just rely on buying it then wait for a pump and we need to correct that traits so that unfavourable trades might not always happen to us. Title: Re: When Trading becomes Unfavourable Post by: Quidat on August 23, 2023, 08:15:48 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. I totally disagree - especially if you have to change your long term to short term plans out of necessity.As long as you sell it in a position that benefits you financially - then you are free to make changes to the plan. Trading shouldn't be so rigid - sometimes you also need to make adjustments instead of sticking to a strategy that isn't more profitable. I hope you see what I mean - but it's not too hard. You nailed it, The market is reactive, even though we have trading plans and all sorts of that, We should learn how to adjust if need be, sometimes some situations occur in the market and your strategy will seem not to be giving you the expected results, which is as result of the economic factor, wars or any bad event. For example, if you notice since the coronavirus pandemic, the dynamics of the mark has changed slightly. While trading its important to see the news since this could change the situation of the market and we need to be more careful on dealing some of our expectation so that we will not exceed and trade can trade according to our plans. Since sometimes we are prone to commit mistakes if we just rely on buying it then wait for a pump and we need to correct that traits so that unfavourable trades might not always happen to us. normal approach also. Trading cant be perfect and this is why as a trader then you should already anticipate that losses would be on the way and something inevitable that you would be facing on. Thing here is that you do really know on how to adjust and make yourself that learn with those mistakes so that in next time then you do already know on what you should gonna do. Title: Re: When Trading becomes Unfavourable Post by: Kasabus on August 23, 2023, 09:39:21 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, There’s no place for perfect trading in the market. If you won’t fall for profits, probably you’re on your way for some losses. So never expect that you trade to win all the time, because in reality trading is more on losses instead especially if you are still a beginner trader. But no worries because you will learn eventually from all the mistakes and losses that are happening in your trades. Quitting should not be an option. Yes, you can take a break from trading, but after that, keep on trading again because that’s the only way you’ll gain more experience and become a skilled trader in the future.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: Natalim on August 23, 2023, 09:43:38 PM You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading. Well, bots are emotionless and they will take the job whatever the command, unlike us humans who could easily affected by whatever happen in the market. This is the advantage of using bots but for me, I'm still confident in myself and with the help of my experience, I could still manage myself and do it well. However, there is no perfect trade in trading, mistakes are possible to happen but I don't blame that market volatility instead, I blame myself because I did it imperfectly. Title: Re: When Trading becomes Unfavourable Post by: Hamphser on August 23, 2023, 10:37:46 PM You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading. Well, bots are emotionless and they will take the job whatever the command, unlike us humans who could easily affected by whatever happen in the market. This is the advantage of using bots but for me, I'm still confident in myself and with the help of my experience, I could still manage myself and do it well. However, there is no perfect trade in trading, mistakes are possible to happen but I don't blame that market volatility instead, I blame myself because I did it imperfectly. be in accordance into your preference or trading ways or methods. Bots are for automation on which there is really a misconception in between bots and manual trading on which newbies do believe that bots could really be able to make easy money but it is really just that wrong. Make use of trading bots when you are away from your computer but what i do prefer the most is manual trade on which you could really be able to watch and act accordingly if ever there would be some sudden movements or unexpected ones that do happen in the market. Just like on what been said by most that losses are something that cant be avoided. There are trading decisions and positions which would really be that a losing one.Therefore, you would really be needing up to adjust for you to be able sustain out this unpredictable market. Title: Re: When Trading becomes Unfavourable Post by: Myleschetty on August 23, 2023, 11:22:04 PM You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading. Well, bots are emotionless and they will take the job whatever the command, unlike us humans who could easily affected by whatever happen in the market. This is the advantage of using bots but for me, I'm still confident in myself and with the help of my experience, I could still manage myself and do it well. However, there is no perfect trade in trading, mistakes are possible to happen but I don't blame that market volatility instead, I blame myself because I did it imperfectly. Natalim, the use of a crypto trading bot is not about not trusting oneself, it's about having some time off trading while you still participate in the market, and it was also created as a way to avoid too much time on crypto trading which has affected some trader medically Title: Re: When Trading becomes Unfavourable Post by: Bushdark on August 23, 2023, 11:34:44 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, There’s no place for perfect trading in the market. If you won’t fall for profits, probably you’re on your way for some losses. So never expect that you trade to win all the time, because in reality trading is more on losses instead especially if you are still a beginner trader. But no worries because you will learn eventually from all the mistakes and losses that are happening in your trades. Quitting should not be an option. Yes, you can take a break from trading, but after that, keep on trading again because that’s the only way you’ll gain more experience and become a skilled trader in the future.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: Uruhara on August 24, 2023, 12:11:59 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, There’s no place for perfect trading in the market. If you won’t fall for profits, probably you’re on your way for some losses. So never expect that you trade to win all the time, because in reality trading is more on losses instead especially if you are still a beginner trader. But no worries because you will learn eventually from all the mistakes and losses that are happening in your trades. Quitting should not be an option. Yes, you can take a break from trading, but after that, keep on trading again because that’s the only way you’ll gain more experience and become a skilled trader in the future.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: Rupok on August 24, 2023, 01:09:58 PM Those who have excessive greed for money face loss. Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them. It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital. There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses. Many people do not want to sell even if there is a fixed profit in the hope of extra profit. But when they see the price going down, volatility sets in and they sell less than the capital. For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.
Title: Re: When Trading becomes Unfavourable Post by: Jody.Drummer on August 24, 2023, 03:00:13 PM Those who have excessive greed for money face loss. Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them. It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital. There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses. Many people do not want to sell even if there is a fixed profit in the hope of extra profit. But when they see the price going down, volatility sets in and they sell less than the capital. For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading. Well and that means that balancing things out is a better option than instead of wanting to make a huge profit they end up making a huge loss there. The level of profit and loss will always coexist and it will be better if we make decisions that are balanced and in accordance with our abilities. Well I understand on the other hand greed is always in a person but we also have to be able to create some opportunities that can minimize losses. And that's right, this always happens to most beginners, as we know and what I believe is that they come with a very big ambition to make a profit, without knowing how the process they have to go through, I think they don't think about that so many traders end up with a lot of losses and they just stop there. I would say that mental and also psychological is very much needed in a trader, and maybe this is what causes many of them to experience losses. They have difficulty in making buy or sell decisions in certain market conditions and there they are not mentally prepared so they make the wrong decisions. Title: Re: When Trading becomes Unfavourable Post by: Fatunad on August 24, 2023, 10:10:13 PM Those who have excessive greed for money face loss. Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them. It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital. There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses. Many people do not want to sell even if there is a fixed profit in the hope of extra profit. But when they see the price going down, volatility sets in and they sell less than the capital. For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading. Well and that means that balancing things out is a better option than instead of wanting to make a huge profit they end up making a huge loss there. The level of profit and loss will always coexist and it will be better if we make decisions that are balanced and in accordance with our abilities. Well I understand on the other hand greed is always in a person but we also have to be able to create some opportunities that can minimize losses. And that's right, this always happens to most beginners, as we know and what I believe is that they come with a very big ambition to make a profit, without knowing how the process they have to go through, I think they don't think about that so many traders end up with a lot of losses and they just stop there. I would say that mental and also psychological is very much needed in a trader, and maybe this is what causes many of them to experience losses. They have difficulty in making buy or sell decisions in certain market conditions and there they are not mentally prepared so they make the wrong decisions. In case you have suffer lots of losses then try to learn out of those losses so that on next time then you do already know on what you should gonna do.It might not be perfected but at least you are wary on the things that must avoid. Title: Re: When Trading becomes Unfavourable Post by: TheUltraElite on September 05, 2023, 10:42:46 AM Yes, I agree that experience is needed to make a beginner a reliable trader. But with the condition that a beginner must learn from the experience he has gone through. An easy and safe method to gain experience is through dummy trading for a few years as one transitions to real life trading. No beginner has the experience to start off right at day one. It is a bonus if they have stock market experience, because that would help in the basics.They have difficulty in making buy or sell decisions in certain market conditions and there they are not mentally prepared so they make the wrong decisions. A trader who cannot deal with the market as just numbers and puts in too much thought are going to get this problem. You have to lose the emotions here and only consider your profit and your positions. It is tough for new traders, but if they can master this they will go a long away ahead.It is the wrongly made decisions that will teach the trader not the repeat the mistake. Again a reason why they should do dummy trading early. Title: Re: When Trading becomes Unfavourable Post by: Dickiy on September 05, 2023, 12:33:57 PM They have difficulty in making buy or sell decisions in certain market conditions and there they are not mentally prepared so they make the wrong decisions. A trader who cannot deal with the market as just numbers and puts in too much thought are going to get this problem. You have to lose the emotions here and only consider your profit and your positions. It is tough for new traders, but if they can master this they will go a long away ahead.It is the wrongly made decisions that will teach the trader not the repeat the mistake. Again a reason why they should do dummy trading early. Well agree, this is indeed difficult to do especially for beginners who just came, but yes it is true as you said slowly as they continue to learn from their mistakes then it will make them more developed in any case in trading. So the point is not that you can't but it's quite difficult but I believe if your intention is strong then you will get through it. Title: Re: When Trading becomes Unfavourable Post by: G_Besar on September 05, 2023, 01:34:59 PM Those who have excessive greed for money face loss. Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them. It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital. There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses. Many people do not want to sell even if there is a fixed profit in the hope of extra profit. But when they see the price going down, volatility sets in and they sell less than the capital. For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading. I think you are just telling the story of what investors who are not experienced or knowledgeable about investing and the markets experience. Because I very rarely find losses in experienced investors and those who like to invest in the long term because they actually already know very well about what assets they are investing in so there is no excessive panic when they start to see price declines occurring in the market. So this does not only cover the greed of an investor, but also concerns how panicked the investor is when he sees a drop in the price of the asset they are investing in. Indeed, basically all investors have the goal of achieving very high profits through their investments, but what they must understand is not to panic when they see falling prices in the market because this is part of the risk that they must understand before investing. So this level of risk will actually not be much different from the level of profit that can be achieved by each investor, because without taking any risk in any case, there will be no hope whatsoever of expecting a profit. Title: Re: When Trading becomes Unfavourable Post by: Lanatsa on September 05, 2023, 09:43:11 PM Those who have excessive greed for money face loss. Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them. It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital. There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses. Many people do not want to sell even if there is a fixed profit in the hope of extra profit. But when they see the price going down, volatility sets in and they sell less than the capital. For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading. I think you are just telling the story of what investors who are not experienced or knowledgeable about investing and the markets experience. Because I very rarely find losses in experienced investors and those who like to invest in the long term because they actually already know very well about what assets they are investing in so there is no excessive panic when they start to see price declines occurring in the market. So this does not only cover the greed of an investor, but also concerns how panicked the investor is when he sees a drop in the price of the asset they are investing in. Indeed, basically all investors have the goal of achieving very high profits through their investments, but what they must understand is not to panic when they see falling prices in the market because this is part of the risk that they must understand before investing. So this level of risk will actually not be much different from the level of profit that can be achieved by each investor, because without taking any risk in any case, there will be no hope whatsoever of expecting a profit. really be able to lessen up that risks involved and would really be able to make yourself that sustainable despite of this random and speculative kind of market.When trading becomes unfavorable then if you do lack knowledge and experience then you would really be that having the panic since you dont really know on what you should gonna do and would be resulting into those bad decisions unlike to those people who have that enough or sufficient knowledge would really be having that kind of advantage compared to those who are none. The important thing on here is that you should really know on how to handle up your emotions because on the time that you would be experiencing losses then you do know on how to adjust things accordingly and wont really be that impulsive into your emotions which would be leading into bad decisions. You would really be definitely be able to make losses on that one if you wont really be able to adjust. Title: Re: When Trading becomes Unfavourable Post by: Uruhara on September 05, 2023, 11:19:23 PM Yes, I agree that experience is needed to make a beginner a reliable trader. But with the condition that a beginner must learn from the experience he has gone through. An easy and safe method to gain experience is through dummy trading for a few years as one transitions to real life trading. No beginner has the experience to start off right at day one. It is a bonus if they have stock market experience, because that would help in the basics.Well sometimes beginners have to have some unfavorable experiences at the start of trading. But it is useful to make beginners to be more careful on the next try. Title: Re: When Trading becomes Unfavourable Post by: Viscore on September 06, 2023, 03:17:33 PM You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading. Well, bots are emotionless and they will take the job whatever the command, unlike us humans who could easily affected by whatever happen in the market. This is the advantage of using bots but for me, I'm still confident in myself and with the help of my experience, I could still manage myself and do it well. However, there is no perfect trade in trading, mistakes are possible to happen but I don't blame that market volatility instead, I blame myself because I did it imperfectly. Title: Re: When Trading becomes Unfavourable Post by: Crypto Library on September 06, 2023, 03:57:35 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. There is some close person to me who say by themselves that they don't feel good without trading. He trades with dollars from me. And from his greedyness he in investest his fund on some nonsense alternatives coins. I tell them again and again don't trade in nonsense places. He says that it has become like an addiction now for him So considering it from this point of view, if trading is unfavorable to such people, I think that is also good. I always suggest these people to invest in Bitcoin for long term rather than investing in alternative coins, long term investment will show that the chances of profit will be higher. Which many people do not get even by keeping money in the bank Title: Re: When Trading becomes Unfavourable Post by: jaberwock on September 06, 2023, 04:15:30 PM I think you are just telling the story of what investors who are not experienced or knowledgeable about investing and the markets experience. Because I very rarely find losses in experienced investors and those who like to invest in the long term because they actually already know very well about what assets they are investing in so there is no excessive panic when they start to see price declines occurring in the market. So this does not only cover the greed of an investor, but also concerns how panicked the investor is when he sees a drop in the price of the asset they are investing in. Panicking because of the fall of the prices happens all the time for newbies but also there are people who are veterans and want to get out as well. The newbie one I can understand because they do not know any better and they want to do that which is understandable. However, that doesn't mean that they are right with every move, it should be important to realize that we are talking about something that would make a bigger change and that is why there is a problem with it.Indeed, basically all investors have the goal of achieving very high profits through their investments, but what they must understand is not to panic when they see falling prices in the market because this is part of the risk that they must understand before investing. So this level of risk will actually not be much different from the level of profit that can be achieved by each investor, because without taking any risk in any case, there will be no hope whatsoever of expecting a profit. I think it is important to know the difference that we are going to make some profit with it, I think it should be important to realize that veterans should at least know better and they should be holding and DCA their way into profit quicker. Title: Re: When Trading becomes Unfavourable Post by: puloweh555 on September 06, 2023, 06:24:09 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Changing trading plans is not always detrimental, this depends on the market, if you do have to change plans, there is nothing wrong as long as we can minimize losses. Only you know all trading plans because everyone's plans are different.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades. Title: Re: When Trading becomes Unfavourable Post by: stomachgrowls on September 06, 2023, 09:22:18 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Changing trading plans is not always detrimental, this depends on the market, if you do have to change plans, there is nothing wrong as long as we can minimize losses. Only you know all trading plans because everyone's plans are different.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades. We know that there are news that do suddenly pops out and we know that fundamentals and news could really be making out that significant impact when it comes to its price movement. Losing trades is inevitable or something that would be casual.Therefore, you would be needing to adjust accordingly and would really be able to have those back up plans. Emotion would really be your main problem because if you do lack experience the emotion will really be the ones would be stirring your initial plans. Market is really hard to predict and this what causes for our trading analysis to be fucked up. The best thing to be done is to move on and secure or find another entry for you to take. Dont be impulsive and treating this to be like gambling on which you would really be chasing up losses. You should really be that knowing go with the flow and adjust accordingly. Title: Re: When Trading becomes Unfavourable Post by: Inwestour on September 07, 2023, 09:43:14 AM Changing trading plans is not always detrimental, this depends on the market, if you do have to change plans, there is nothing wrong as long as we can minimize losses. Only you know all trading plans because everyone's plans are different. What do you mean change trading plans? If you initially determined a trading strategy for yourself and know how you will act, then what can you change? Let's say you entered a trade and you know at what price you will take profits, everything is clear here. You also know at what level you need to set your stop loss so that the losses are minimal. If you trade without stop losses, then not everything will depend on you, and perhaps in this case you will have to change and come up with something when your losses reach significant values.However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades. Title: Re: When Trading becomes Unfavourable Post by: carlfebz2 on September 07, 2023, 11:00:52 PM Changing trading plans is not always detrimental, this depends on the market, if you do have to change plans, there is nothing wrong as long as we can minimize losses. Only you know all trading plans because everyone's plans are different. What do you mean change trading plans? If you initially determined a trading strategy for yourself and know how you will act, then what can you change? Let's say you entered a trade and you know at what price you will take profits, everything is clear here. You also know at what level you need to set your stop loss so that the losses are minimal. If you trade without stop losses, then not everything will depend on you, and perhaps in this case you will have to change and come up with something when your losses reach significant values.However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades. for the price to recover. This is the pro's of having no stop losses on which you do have the chance on recovery but this would really be only good for swings trades and not for day/short ones.Adjustments that be made would really be entirely be depending on you if you do see that it would really be that relevant on doing so then consider on doing so. Fixating things is recommended specially if you had able to make out some analysis which sticking into it would really be that preferred but there are conditions on which you would really be needing to adapt out as long it would really be putting you at great advantage then it isnt really that bad on making out some changes or alterations. As a trader then you should really know on when to stick and when to change of plans and this is why having back up plans would really be always that recommended. Title: Re: When Trading becomes Unfavourable Post by: lionheart78 on September 07, 2023, 11:29:13 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Staying on the trading plan is a good choice if we have proven that the trading plan is effective. But if the trading plan becomes obsolete, we need to restudy and plan our approach since the market is ever-changing. For example, when there is an unevitable event that needs to be taken care of and a need for a change of plan is greatly needed. Like the time when the FTX collapsed and the Terra Luna hack, where we needed a sudden change of plans and sticking to the previous plans meant a huge loss for us. Being adaptive to the market movement is a good traits so implementing changes to the plan accordingly is not a bad thing, IMO. Title: Re: When Trading becomes Unfavourable Post by: Uruhara on September 07, 2023, 11:42:53 PM Changing trading plans is not always detrimental, this depends on the market, if you do have to change plans, there is nothing wrong as long as we can minimize losses. Only you know all trading plans because everyone's plans are different. What do you mean change trading plans? If you initially determined a trading strategy for yourself and know how you will act, then what can you change? Let's say you entered a trade and you know at what price you will take profits, everything is clear here. You also know at what level you need to set your stop loss so that the losses are minimal. If you trade without stop losses, then not everything will depend on you, and perhaps in this case you will have to change and come up with something when your losses reach significant values.However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades. Title: Re: When Trading becomes Unfavourable Post by: Gallar on September 08, 2023, 01:50:58 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, In trading, especially in crypto market trading, it is certain that profits and losses always go hand in hand with each other. Because that's the basis of trading, not always profitable and also not always losing. But behind all that, there are several factors that can influence trading in cryptocurrencies, so that the potential for experiencing losses will be greater. One of them is greed, carelessness, lack of knowledge, and lack of consistency. So in my personal opinion, these factors may dominate, causing many traders in the crypto market to experience losses. So in my personal opinion, these factors may dominate, causing many traders in the crypto market to experience losses. And the core of all that must be caused by a sense of rush to get profit or wealth. ~Snip In my personal opinion, changing the initial plan in crypto trading can indeed have an unfavorable impact on the final trading results. Because logically, for example, if we change the initial plan in the middle of trading. Certainly all analysis will start from zero again. But even so, changing plans doesn't always end badly. Because it is possible that the initial trading plan that was prepared and planned, after thinking it over again, is not good, so changing plans or changing strategies, of course, is not a big problem.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Because basically, in crypto trading, we should not behave too monotonously. But we must continue to look for new ways and new innovations, so that the results of trading in crypto can be maximized. Title: Re: When Trading becomes Unfavourable Post by: awik p on September 08, 2023, 02:10:30 AM Changing trading plans is not always detrimental, this depends on the market, if you do have to change plans, there is nothing wrong as long as we can minimize losses. Only you know all trading plans because everyone's plans are different. What do you mean change trading plans? If you initially determined a trading strategy for yourself and know how you will act, then what can you change? Let's say you entered a trade and you know at what price you will take profits, everything is clear here. You also know at what level you need to set your stop loss so that the losses are minimal. If you trade without stop losses, then not everything will depend on you, and perhaps in this case you will have to change and come up with something when your losses reach significant values.However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades. Title: Re: When Trading becomes Unfavourable Post by: irhact on September 08, 2023, 06:50:40 AM Having experience from other fields such as stocks and forex is certainly a very good support. Even people who have experience in stock trading, they must have experience in how to fundamentally analyze a project. And if beginners in crypto also have experience in forex trading then they may already be proficient in technical analysis. So that getting into crypto won't be too difficult for them to adapt. There's always a difference between any individual that has an idea about trading than someone that's new to trading. Learning cryptocurency trading will be easier for you when you already have an idea from trading other markets like stock trading. All trading market are similar but the difference with cryptocurency trading is that the market is very volatile and it can make you lose your money very quickly when you don't understand how the market works. When you start trading and also when you have gained some experiment in trading, it won't always go smoothly for you as somedays you'll have worst days in the market as your trade won't be profitable but this doesn't mean you should quit but you should take a break and rest. Title: Re: When Trading becomes Unfavourable Post by: Huppercase on September 08, 2023, 09:48:21 AM What do you mean change trading plans? If you initially determined a trading strategy for yourself and know how you will act, then what can you change? Let's say you entered a trade and you know at what price you will take profits, everything is clear here. You also know at what level you need to set your stop loss so that the losses are minimal. If you trade without stop losses, then not everything will depend on you, and perhaps in this case you will have to change and come up with something when your losses reach significant values. I personally have gone out of plans several times that I have made myself in trading. Usually the strong reason that makes me change my trading plan is when bad or good news suddenly appears. Or fundamental news that will have a big impact on market movements. Like initially I will take profits at a certain level at first. but there is good news that could impact the hike higher. So I will shift my profit target. And change the previous profit target to stop loss plus. that's also something I recently learned from someone and it works well.That is why I used to tell people that it's more easy to make money in trading as a fundemantal trader than Technical trader, you need to expert in both analysis to make profits but you need more of fundamental to survive in trading. There are many instances where traders believe too much on technical analysis and neglect the fundamnetal, doing this or practicing this is the fastest way to go broke in trading or go zero if things unfold fastly. However, there instances where technical lead the fundamental, this is the period where good news or bad news don't happen, the global trend of the market decide where the asset go for that particular time in real time. Title: Re: When Trading becomes Unfavourable Post by: usekevin on September 10, 2023, 11:41:14 PM That is why I used to tell people that it's more easy to make money in trading as a fundemantal trader than Technical trader, you need to expert in both analysis to make profits but you need more of fundamental to survive in trading. There are many instances where traders believe too much on technical analysis and neglect the fundamnetal, doing this or practicing this is the fastest way to go broke in trading or go zero if things unfold fastly. However, there instances where technical lead the fundamental, this is the period where good news or bad news don't happen, the global trend of the market decide where the asset go for that particular time in real time. Trading is not the easy one like the game,you need to analysis daily and make your own way of approach in the trading.Some traders will do the trading without analysing the game.So like that traders won’t shine in the trading for the longer period.As we know trading is not easy like the gambling.The important in any business is learning the fundamental.Then the trading is just like nothing to the gamblers.The analysing need of time and the trader should ready to the analysis and use the time for learning trading.Once day trading will gives you huge return. Title: Re: When Trading becomes Unfavourable Post by: Lanatsa on September 11, 2023, 11:10:15 PM That is why I used to tell people that it's more easy to make money in trading as a fundemantal trader than Technical trader, you need to expert in both analysis to make profits but you need more of fundamental to survive in trading. There are many instances where traders believe too much on technical analysis and neglect the fundamnetal, doing this or practicing this is the fastest way to go broke in trading or go zero if things unfold fastly. However, there instances where technical lead the fundamental, this is the period where good news or bad news don't happen, the global trend of the market decide where the asset go for that particular time in real time. Trading is not the easy one like the game,you need to analysis daily and make your own way of approach in the trading.Some traders will do the trading without analysing the game.So like that traders won’t shine in the trading for the longer period.As we know trading is not easy like the gambling.The important in any business is learning the fundamental.Then the trading is just like nothing to the gamblers.The analysing need of time and the trader should ready to the analysis and use the time for learning trading.Once day trading will gives you huge return. Trading isnt always talking about making profits or money because there are really indeed days or moments which losing is inevitable.The important thing here is that you do really know on how to control yourself and knows on how to go with your analysis or would really be following it. We know that its not something simple but doesnt mean that its impossible. Its a matter on how you would really be dealing up with it carefully and wisely. Title: Re: When Trading becomes Unfavourable Post by: HONDACD125 on September 12, 2023, 12:05:00 PM Trading is not the easy one like the game,you need to analysis daily and make your own way of approach in the trading.Some traders will do the trading without analysing the game.So like that traders won’t shine in the trading for the longer period.As we know trading is not easy like the gambling.The important in any business is learning the fundamental.Then the trading is just like nothing to the gamblers.The analysing need of time and the trader should ready to the analysis and use the time for learning trading.Once day trading will gives you huge return. Although some people think that trading is very easy, but in my opinion, trading is a very difficult task. Investing you can do easily but trading is a job for very experienced people. People who will trade without analysis in trading will definitely lead to loss. Trading is not like a game, nor is it like gambling that you can play whenever you want. It requires a lot of caution and knowledge. Trading is done after experience, knowledge and learning about every aspect. There is no business in the world where we can start trading without learning. We should first know about its basic aspects. Profit and loss are involved in every business, but we need to gain experience to improve our profit rate. An experienced trader always does his analysis before trading. Sometimes our analysis may be wrong but we try our best to get good trade from our analysis and estimates. Of course day trading can give you huge profits but it will take you a lot of time to learn and understand. Title: Re: When Trading becomes Unfavourable Post by: G_Besar on September 12, 2023, 12:29:06 PM By using stoploss plus, it can give us the opportunity to get better profits, and if it doesn't go according to plan then we will still make a profit. in this way at least it can lighten our mental burden so that we can still think positively. actually no one knows what will happen to the next market so we seek security in trading, and that way we can control the feeling of greed that often arises, where it can have bad consequences and damage our psychology The function of stoploss is to set a limit at a certain point on the assets you want to invest in so that you can minimize losses in the market and this is very often done by investors. Because the application of stop loss is only for those who are able to withstand losses at a certain price point so that the losses are not too much, it is clear that it will not be bad to use because an investor can determine the burden of losses that he will bear himself. Because in terms of profits, of course everyone is always ready to accept them well, but in terms of losses, I think not everyone is able to accept them at a certain point.Title: Re: When Trading becomes Unfavourable Post by: rozak on September 12, 2023, 12:59:21 PM By using stoploss plus, it can give us the opportunity to get better profits, and if it doesn't go according to plan then we will still make a profit. in this way at least it can lighten our mental burden so that we can still think positively. actually no one knows what will happen to the next market so we seek security in trading, and that way we can control the feeling of greed that often arises, where it can have bad consequences and damage our psychology The function of stoploss is to set a limit at a certain point on the assets you want to invest in so that you can minimize losses in the market and this is very often done by investors. Because the application of stop loss is only for those who are able to withstand losses at a certain price point so that the losses are not too much, it is clear that it will not be bad to use because an investor can determine the burden of losses that he will bear himself. Because in terms of profits, of course everyone is always ready to accept them well, but in terms of losses, I think not everyone is able to accept them at a certain point.investors probably won't use the stop loss function on the exchange. they are oriented toward long-term plans, most will not leave their assets on the stock exchange. they buy and withdraw assets and hold them in the wallet. investors will be very capable of sticking to the initial plans they made. if they are still losing money due to market movements, then waiting is the best option. Title: Re: When Trading becomes Unfavourable Post by: Aanuoluwatofunmi on September 12, 2023, 02:40:48 PM Having experience from other fields such as stocks and forex is certainly a very good support. Even people who have experience in stock trading, they must have experience in how to fundamentally analyze a project. And if beginners in crypto also have experience in forex trading then they may already be proficient in technical analysis. So that getting into crypto won't be too difficult for them to adapt. There's always a difference between any individual that has an idea about trading than someone that's new to trading. Learning cryptocurency trading will be easier for you when you already have an idea from trading other markets like stock trading. All trading market are similar but the difference with cryptocurency trading is that the market is very volatile and it can make you lose your money very quickly when you don't understand how the market works. When you start trading and also when you have gained some experiment in trading, it won't always go smoothly for you as somedays you'll have worst days in the market as your trade won't be profitable but this doesn't mean you should quit but you should take a break and rest. Trading has always been favourable to us because it remains the way it has always appears to be but we are the ones that don't give it the desired efforts needed in having the best experience out of it, when we learn how to trade, we become knowledgeable about it, because our mind is set on it, then also, being a trader qualifies you to be know that it takes risk to trade just as what it takes to earn from it. Title: Re: When Trading becomes Unfavourable Post by: dunfida on September 12, 2023, 08:46:47 PM Having experience from other fields such as stocks and forex is certainly a very good support. Even people who have experience in stock trading, they must have experience in how to fundamentally analyze a project. And if beginners in crypto also have experience in forex trading then they may already be proficient in technical analysis. So that getting into crypto won't be too difficult for them to adapt. There's always a difference between any individual that has an idea about trading than someone that's new to trading. Learning cryptocurency trading will be easier for you when you already have an idea from trading other markets like stock trading. All trading market are similar but the difference with cryptocurency trading is that the market is very volatile and it can make you lose your money very quickly when you don't understand how the market works. When you start trading and also when you have gained some experiment in trading, it won't always go smoothly for you as somedays you'll have worst days in the market as your trade won't be profitable but this doesn't mean you should quit but you should take a break and rest. Trading has always been favourable to us because it remains the way it has always appears to be but we are the ones that don't give it the desired efforts needed in having the best experience out of it, when we learn how to trade, we become knowledgeable about it, because our mind is set on it, then also, being a trader qualifies you to be know that it takes risk to trade just as what it takes to earn from it. ride which means that you would really be hovering yourself with those ups and downs which it would really be the most basic thing that you would be encountering on this unpredictable space. Trading results or outcomes would really be entirely be neither be positive or negative and doesnt matter whether you are a noob or a pro which results would be the same. The main difference between both things is that trading analysis and actions would really be entirely be different because each approach and decisions would be made will really be determining on how knowledgeable you are or on how you would really be handling up yourself basing up on what you had learned in the past. Title: Re: When Trading becomes Unfavourable Post by: Zigabel on September 13, 2023, 05:05:39 PM Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. It is very important to stick to your trading plans as this help keep your psychology in check. Especially when the trades are not going the way you expected it would. Your plans can help you avoid adding to loosing positions and also keep your mind in check when you are in a winning position to avoid too much excitement especially when your wins are big and exceeding your expectations. Trading plans when flaunted comes with great consequences, some of which can be rewarding and some devastating. Which ever consequences we happen to experience sticking to your trading plans still stands out as every parameters needed for your trade is usually met before entry and exit on every trade placed. This makes your trade more reasonable which gives you room for a better incorporation of your risk management. Personally, I think with out a trading plan, risk management may not be in place aswell hence exposing you to too many risk which may end up in accumulated losses and a messed psychology Title: Re: When Trading becomes Unfavourable Post by: bitcrystal on October 06, 2023, 02:23:47 PM Changing the plan or trying to increase your position in the middle of the trade is one thing that can bring about unfavourable result especially when its basically to increase your profits because the trade is playing out as predicted. this can also be related to greed . the best thing is to follow your plan and be satisfied with whatever profits you make. you cant make all the profit at once but you can lose all your capital in a single trade because of greed or over ambition. if your strategy has DCA then you can use it or else just accept your loss when your trade hits the stop loss and wait for the next signal.
Title: Re: When Trading becomes Unfavourable Post by: Smartvirus on October 06, 2023, 02:45:57 PM Changing the plan or trying to increase your position in the middle of the trade is one thing that can bring about unfavourable result especially when its basically to increase your profits because the trade is playing out as predicted. One thing is not having the right entering point from your analysis and along the line, you choose to change. It’s as deadly as it sounds because, I trend is supposed to last for just a good enough time and then it changes. Now, haven’t identified the direction of a trend and it happens to not favour your analysis and you choose to change your trading position based on the current trend’s direction, you could as well experience a change in trend direction and that would be more damaging than having maintained your earliest analysis.You just have to stay your course, better still, have your take profit and stop lose set up and when you just can’t endure it, you leave the market or trading for the day. Title: Re: When Trading becomes Unfavourable Post by: Aanuoluwatofunmi on October 06, 2023, 04:42:17 PM Changing the plan or trying to increase your position in the middle of the trade is one thing that can bring about unfavourable result especially when its basically to increase your profits because the trade is playing out as predicted. this can also be related to greed . the best thing is to follow your plan and be satisfied with whatever profits you make. you cant make all the profit at once but you can lose all your capital in a single trade because of greed or over ambition. if your strategy has DCA then you can use it or else just accept your loss when your trade hits the stop loss and wait for the next signal. When trading become unbearable, then definitely there must be something wrong somewhere and we have to adjust and fix that for our own benefits, this may require some specific actions from us which we are going to take in favour of what we do, we can pause for a while, change our trading strategies, increase our active participation in learning about trading and also give more commitment to getting some of the trading tips and indication for our own personal interest, this may give some challenges we required. Title: Re: When Trading becomes Unfavourable Post by: KupaCrypto on December 25, 2023, 05:57:30 PM (....) This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something. Title: Re: When Trading becomes Unfavourable Post by: cakravothy on December 25, 2023, 07:10:24 PM (....) This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something. trading with stop loss is if in futures or forex aka trading with leverage because if without stop loss can MC and run out. if trading on spot without SL is a normal thing. I never use stop loss at all. but yes, trading on spot if the price drops, just stake it waiting for the coin price to rise again. Title: Re: When Trading becomes Unfavourable Post by: sana54210 on December 26, 2023, 05:23:23 AM This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime. This comes down to greed , and you can also look at it as risking everything, most times they don't intend to loose the trade, they take the bold step of not including stop loss because they are aiming for something bigger and huge, Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something. You look like you are someone who is aware of the risks, but not everyone is like that. If some newbie had the same thing, they may think that it is going to end up with something much larger, like they may think that they are going to end up with a win each time and make mistakes, so we should consider that as a big risk. Title: Re: When Trading becomes Unfavourable Post by: Assface16678 on December 26, 2023, 01:26:14 PM (....) This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something. Title: Re: When Trading becomes Unfavourable Post by: Hamphser on December 26, 2023, 08:32:34 PM This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime. This comes down to greed , and you can also look at it as risking everything, most times they don't intend to loose the trade, they take the bold step of not including stop loss because they are aiming for something bigger and huge, Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something. You look like you are someone who is aware of the risks, but not everyone is like that. If some newbie had the same thing, they may think that it is going to end up with something much larger, like they may think that they are going to end up with a win each time and make mistakes, so we should consider that as a big risk. Trading is never been easy and never be something that could really be able to succeed yourself. You would really be passing up tons of challenges and things on which you would really be needing to learn for you to have a good grasps on everything. This is why for you to be able to survive then you should really know on how to make adjustments if things turns out to be messy. Title: Re: When Trading becomes Unfavourable Post by: Mate2237 on December 26, 2023, 09:29:44 PM What you said is the truth. People loss in trading because they are expecting to hit higher price of the trade and refuse to stop the trade when they have gotten small so greediness is the number factor that is making people to loss big. When a trader chase a trending 📉📈 then he is also chasing for his own loss and that is why I always advice anyone who is close to me and a trader to be contented of what they have gotten.
Like if you trade with 1000 USD and got $50 in five seconds then you have to close the trade and open another trade after checking the market to know if it is good to enter or not. Greediness is equivalent to loss in trading. Title: Re: When Trading becomes Unfavourable Post by: Awaklara on December 27, 2023, 02:54:35 AM It is very important to be able to control our emotions in trading so as not to make the wrong decision so that we really regret the decision we have made. Therefore, a trader needs to be able to read the market situation and try to be consistent in their planning. Trading is not just buying and selling when profitable. We realize that sometimes things don't go according to what we predicted, and we have to accept the loss.Sometimes traders who feel lucky with a few short wins feel like control is in their hands. and it makes traders forget their initial plans to immediately exit when their targets and plans are achieved. Title: Re: When Trading becomes Unfavourable Post by: BitcoinsGreat on December 27, 2023, 07:13:30 AM It is very important to be able to control our emotions in trading so as not to make the wrong decision so that we really regret the decision we have made. Therefore, a trader needs to be able to read the market situation and try to be consistent in their planning. Trading is not just buying and selling when profitable. We realize that sometimes things don't go according to what we predicted, and we have to accept the loss.Sometimes traders who feel lucky with a few short wins feel like control is in their hands. and it makes traders forget their initial plans to immediately exit when their targets and plans are achieved. Well everybody knows that in trading we need to buy a coin at a low price and sell at a high price but this is not so simple as it seems. People doing wants to catch the extreme bottom for buying and want to sell at extreme top and it is in reality not possible and this is the main reason why most of the traders will fail. First you need to analyse the market and also you need to take the profits as you get into the profit and not wait for the ultimate top. The same thing goes for buying the coins to buy at the support and not to formo. Title: Re: When Trading becomes Unfavourable Post by: borovichok on December 27, 2023, 10:12:34 AM What you said is the truth. People loss in trading because they are expecting to hit higher price of the trade and refuse to stop the trade when they have gotten small so greediness is the number factor that is making people to loss big. When a trader chase a trending 📉📈 then he is also chasing for his own loss and that is why I always advice anyone who is close to me and a trader to be contented of what they have gotten. We're in the space for the primary target, which is just to milk the system. We possess elevated hopes for the market, and most of us are working hard to become exceptionally successful and profitable, but we are not prepared to meet the market's requirements. For example, we aspire to our mentors' lifestyles but have no idea how much labor goes into the project. It is not always advisable to trade because the market is turbulent and does not always favor us, rather we should keep practicing for a better chance to equipped oneself with good strategy.Like if you trade with 1000 USD and got $50 in five seconds then you have to close the trade and open another trade after checking the market to know if it is good to enter or not. Greediness is equivalent to loss in trading. Title: Re: When Trading becomes Unfavourable Post by: YOSHIE on December 27, 2023, 03:29:26 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, For me, greed is not a factor that can cause someone not to achieve profits in crypto trading, for me the worst factor that causes someone to lose in trading is not having trading knowledge.Crypto trading is always accompanied by knowledge, whether in terms of analysis, charts or market situations. If you don't have knowledge in analyzing the crypto market and the movement of the type of crypto being traded, of course the risk of loss is greater than the profit, In other cases, emotional nature can also harm us in carrying out trading activities. In other cases, patience can also determine positive things in trading, a person cannot succeed in trading if they are impatient, for me that is the basis that makes many of those who lose in crypto trading. Title: Re: When Trading becomes Unfavourable Post by: tbterryboy on December 30, 2023, 10:33:40 AM trading with stop loss is if in futures or forex aka trading with leverage because if without stop loss can MC and run out. I am aware that futures trading has a leverage, but not with forex trading. All the time, I thought it was like a default spot trading here in crypto but the only difference is in forex trading we are using traditional currencies. But indeed that for a risky trade like them, we will need the help of a stop loss.if trading on spot without SL is a normal thing. I never use stop loss at all. but yes, trading on spot if the price drops, just stake it waiting for the coin price to rise again. In spot trading, I think the reason why many are not using a stop loss, is because there is a chance that they can recover if they will just wait for a while. But that may not be possible in other forms of trading. There are still some spot traders who use a stop loss. I think they are just being careful. Well, indeed that it's to better safe than sorry. Title: Re: When Trading becomes Unfavourable Post by: Uruhara on December 30, 2023, 11:00:35 AM It is very important to be able to control our emotions in trading so as not to make the wrong decision so that we really regret the decision we have made. Therefore, a trader needs to be able to read the market situation and try to be consistent in their planning. Trading is not just buying and selling when profitable. We realize that sometimes things don't go according to what we predicted, and we have to accept the loss.Sometimes traders who feel lucky with a few short wins feel like control is in their hands. and it makes traders forget their initial plans to immediately exit when their targets and plans are achieved. Title: Re: When Trading becomes Unfavourable Post by: gabbie2010 on December 30, 2023, 02:14:33 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, The trading strategy or plan must be a working one before sticking to it though there is no perfect trading strategy however money management and the trader ability to manage their trades without being greedy is the way out of becoming a profitable trader whatever challenges the trader encountered can be solved if trader sticked to their plan anf managed their trades well, moreso it better to enter a trending market early enough and set profit target so as to earn reasonable profit instead entering late using a lagging indicator for entry, of course this is based on how experience the trader is before the executing a trade with more profit with lower risk to high reward ratio and fewer loses the trader would be profitable in the long runSticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: Gladitorcomeback on December 30, 2023, 03:25:10 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, For me, greed is not a factor that can cause someone not to achieve profits in crypto trading, for me the worst factor that causes someone to lose in trading is not having trading knowledge. I agree that crypto knowledge is very important in trading but we couldn't ignore the impact of greed on humans behavior in the financial markets. If greed comes in, you have to change the full strategy you makes from start which will lead to over trading and at the same time trader will ignore the money management strategies which should be balanced in the trading and negativly change in these will contribute to potential losses. Crypto trading is always accompanied by knowledge, whether in terms of analysis, charts or market situations. If you don't have knowledge in analyzing the crypto market and the movement of the type of crypto being traded, of course the risk of loss is greater than the profit, In other cases, emotional nature can also harm us in carrying out trading activities. In other cases, patience can also determine positive things in trading, a person cannot succeed in trading if they are impatient, for me that is the basis that makes many of those who lose in crypto trading. Besides the factors you already mentioned (knowledge, passion, emotional control). I think one should have traders should also keep an eye on the news of trading coins. Sometimes our analysis is totally accurate but due to upcoming news the token price completely go in opposite direction. Crypto tokens performing depends more upon update rather than just technical analysis and chart reading. Title: Re: When Trading becomes Unfavourable Post by: Out of mind on December 30, 2023, 05:42:49 PM To start trading, a person must first control his greed and increase his patience. Traders face many challenges when they are going through adversity, as the market is often challenging. Whenever there is volatility in the market, people put their money in losses, and sometimes they are seen to recover again. But there are some people who can't be patient when such market volatility starts, and they are the only ones who lose money. It is true that most of the time trading is in losses, so don't be overly greedy, but be patient and analyze all aspects of the market.
Title: Re: When Trading becomes Unfavourable Post by: kentrolla on December 30, 2023, 08:53:27 PM That's why everyone is not successful in trading as people lacks patience and discipline and to be honest there will always be naive people who will be on losing end.
Atleast we can stop our loss by following set of rules which are basic of trading. But it's not so easy and we should be behaving like a bot using algorithms when it comes to trading by just following the trading rules instead of going with instinct or greed. This is not possible for everyone to follow and that's the reason only few are successful traders. Title: Re: When Trading becomes Unfavourable Post by: KupaCrypto on December 31, 2023, 05:18:28 AM This is a common mistake of new traders. They intend to lose money because they don't have 1 final decision everytime. This comes down to greed , and you can also look at it as risking everything, most times they don't intend to loose the trade, they take the bold step of not including stop loss because they are aiming for something bigger and huge, Best example is when they open their trade, they don't have a plan like how much is their willing lose on every trade, when is the stop loss, and what is target price. Some don't have stop loss and they are hoping their entry will recover. I once open a trade without the stop loss, I was ready to loose everything in that account, and I had a set target of winning, the trade went perfectly as planned and I made profits , so in this case I risked everything to profit something. You look like you are someone who is aware of the risks, but not everyone is like that. If some newbie had the same thing, they may think that it is going to end up with something much larger, like they may think that they are going to end up with a win each time and make mistakes, so we should consider that as a big risk. I believe taking risk when it comes to trading and Betting should be managed, because in a blink of an eye you can loose everything that took u so long to get, We just have to minimise our losses so it doesn't affect us financially and emotionally, the same way we must take risk in order to be successful in a particular trade. Title: Re: When Trading becomes Unfavourable Post by: EarnOnVictor on December 31, 2023, 05:41:00 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Money matters are not without their risk, except it is not money we are talking about, but if it is to gain money and even gain a whole lot of it, then one must be ready for the risk and overcome the challenges they might face therein. That is why trading has to be handled professionally, and with the needed experience and creativity, this may not be impossible. I pity those who are trading and can't handle their psychology, it is such that will get them in trouble, that is where the greed and fear come in, and those traders who have these two are already emotional, and there is nowhere emotion will dive you if not into ruin. Once a trader loses, I believe the better one should be happy still and let go of it real quick to help himself indirectly.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. This is what is helping me when I am more experienced about trading, if not, emotion can set in and before you know it, that might be the end of the account. Doing what others hardly do in trading is a very good way forward and instead of looking for the best trading strategies that will give you 100% winning, why not just try to find the one that can give you at worst 75% winning strategy then you cover up for the weakness with a proper money/risk management along with very good trading psychology. With these in place, you know when to trade and when to wait, and even if you lose, it won't affect you or your trading account so much because you will be able to manage yourself and your trading account. This is the rule that preserves trading success longer. Title: Re: When Trading becomes Unfavourable Post by: |MINER| on December 31, 2023, 06:02:05 AM Greed is always bad trading. Greed brings adversity. Trading should be done with discretion. Moreover, if you continue to trade in the same way and if the profits stop coming from there, it will also create adversity. Trading depends on experience. The more experienced the profit is more but I would say beginners should be satisfied with less profit rather than greedy.
Title: Re: When Trading becomes Unfavourable Post by: Zigabel on December 31, 2023, 07:04:01 AM What matters most in trading are three main factors, they includes: 1. Discipline, 2. Patience 3. Confidence. if you have figured out these three factors you will trade better than you have ever done because beyond this Three factors you see your trading been less profitable, a disciplined and confident patient trader more often than none remains profitable than a trader who just base their trading decision on technical analysis.
Even when you have a good trading plans and strategy, you need the discipline and confidence to execute your trade plan perfectly and get the edge that makes you profitable and this will mean you been patient enough to see your confirmations before execution. Title: Re: When Trading becomes Unfavourable Post by: synchronym on December 31, 2023, 07:36:16 AM When we trade, of course we hope that we will get some money from it. But we can't expect extra money immediately when we trade because if we overestimate our bid we can lose money from there. Don't expect too much in trading, we can make profit if we sell immediately when the market goes up a little. The first thing in trading is knowledge is very important if we don't have knowledge about trading then we will never get success in trading.
Title: Re: When Trading becomes Unfavourable Post by: Bushdark on December 31, 2023, 09:01:01 AM Anytime trading becomes unfavorable, I think we need to look back and think of how we have trade in the market and ended up not making any progress at all. There are some times in our life which we have to think and make proper adjustments to improve in the way we di things. We can always make good decisions that would aid our improvement and increase the way we make profits in trading since trading is an axt we can work on and try and build to become more better than before.
Title: Re: When Trading becomes Unfavourable Post by: Hamphser on December 31, 2023, 09:13:00 AM What matters most in trading are three main factors, they includes: 1. Discipline, 2. Patience 3. Confidence. if you have figured out these three factors you will trade better than you have ever done because beyond this Three factors you see your trading been less profitable, a disciplined and confident patient trader more often than none remains profitable than a trader who just base their trading decision on technical analysis. Even if we do say those are that main 3 factors to be followed or must have, then it is really that easy to say but it is really that to implement toward self because once you are really that stepping yourself into the world of trading then everything would really be that totally unpredictable and there would really be factors on which it would really be affecting you along the way. Even if you have set those kind of conditions and Even when you have a good trading plans and strategy, you need the discipline and confidence to execute your trade plan perfectly and get the edge that makes you profitable and this will mean you been patient enough to see your confirmations before execution. mindset towards yourself on what you must do. Then you might really be that ended up on having those kind of change thoughts along the way. This is why it would really be that important that you should really be that having strong will and mind if you are really that persevering on following those things you've set then it would really be just that depending on you. Its hard but not impossible and this is something you should bare in mind. Expect the unexpected on which this market could move unpredictably on which there's no one would really be able to know on where prices would be heading. Title: Re: When Trading becomes Unfavourable Post by: the rise on December 31, 2023, 10:04:18 AM greed is the main factor. I've seen this in several people. Those who jump in here want to get rich quickly and they literally disappear within one to two months. if I ask them why they don't return to trading they will say trading is a scam, after I went back to dig up a lot of information it turns out they were carried away by the greed brought by several influencers. like flexing, this brings many beginners to trading, ultimately they lose and consider trading a scam.
Title: Re: When Trading becomes Unfavourable Post by: tygeade on January 02, 2024, 07:44:10 AM What matters most in trading are three main factors, they includes: 1. Discipline, 2. Patience 3. Confidence. if you have figured out these three factors you will trade better than you have ever done because beyond this Three factors you see your trading been less profitable, a disciplined and confident patient trader more often than none remains profitable than a trader who just base their trading decision on technical analysis. Those are very hard and difficult three factors and that means most people will not be able to get them all. I mean we are talking about something that would cause a lot of trouble, and people should figure out a way to master them all.Even when you have a good trading plans and strategy, you need the discipline and confidence to execute your trade plan perfectly and get the edge that makes you profitable and this will mean you been patient enough to see your confirmations before execution. I know that rest will come easy, if you master these, then all you have to do is study and learn how to trade, and then you will have to just keep trading to gain more experience and you will become a great trader eventually. But for that road to be easy for you, first you need to have those three. Discipline is one of the hardest ones, there isn't a boss or a teacher or a parent making you do something anymore, it's just you and you alone, if you can't do it then nobody else will push you to do it. Title: Re: When Trading becomes Unfavourable Post by: Volimack on January 02, 2024, 10:47:45 AM Greed is always bad trading. Greed brings adversity. Trading should be done with discretion. Moreover, if you continue to trade in the same way and if the profits stop coming from there, it will also create adversity. Trading depends on experience. The more experienced the profit is more but I would say beginners should be satisfied with less profit rather than greedy. Yeah is correct in saying that if greed works inside for trading you will not get success in trading. To trade is to understand the correct position of the market. Profiting from business is not as easy as it seems. Business has its own peculiarities and many challenges one must always be ready to face them. While there is no harm in asking for more it is bad to take a wrong step in the pursuit of more.Title: Re: When Trading becomes Unfavourable Post by: KupaCrypto on January 03, 2024, 04:22:37 AM What matters most in trading are three main factors, they includes: 1. Discipline, 2. Patience 3. Confidence. if you have figured out these three factors you will trade better than you have ever done because beyond this Three factors you see your trading been less profitable, a disciplined and confident patient trader more often than none remains profitable than a trader who just base their trading decision on technical analysis. Those are very hard and difficult three factors and that means most people will not be able to get them all. I mean we are talking about something that would cause a lot of trouble, and people should figure out a way to master them all.Even when you have a good trading plans and strategy, you need the discipline and confidence to execute your trade plan perfectly and get the edge that makes you profitable and this will mean you been patient enough to see your confirmations before execution. I know that rest will come easy, if you master these, then all you have to do is study and learn how to trade, and then you will have to just keep trading to gain more experience and you will become a great trader eventually. But for that road to be easy for you, first you need to have those three. Discipline is one of the hardest ones, there isn't a boss or a teacher or a parent making you do something anymore, it's just you and you alone, if you can't do it then nobody else will push you to do it. Title: Re: When Trading becomes Unfavourable Post by: BRINIRHA on January 03, 2024, 11:03:53 AM Anytime trading becomes unfavorable, I think we need to look back and think of how we have trade in the market and ended up not making any progress at all. There are some times in our life which we have to think and make proper adjustments to improve in the way we di things. We can always make good decisions that would aid our improvement and increase the way we make profits in trading since trading is an axt we can work on and try and build to become more better than before. Observation and evaluation are also very necessary in monitoring and improving our trading performance in the market. And yes, sometimes we also know when to stop to rest and start researching all the trading history that we have gone through. And try to find where our mistakes lie. Is it because of greed or are we simply not able to read the market well? Because usually greed arises from us not really understanding market habits. Like a beginner who always hopes that prices will continue to rise and not fall again. So many beginners have excessive fear and become greedy by buying more when the price has reached its peak when conditions are actually overbought. And I see a lot of beginners who don't even know about this.Title: Re: When Trading becomes Unfavourable Post by: Kelward on January 03, 2024, 11:53:38 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, If the trading pattern you stick to stops working for you, and you probably stop gaining profit from trading, then it is time to review other trading patterns and make some changes because no one wants to lose.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Greed is not always favorable, but following trends pays sometimes when you do good research about the trend and take caution before starting to follow the trend. I believe that inasmuch as it's good to stick to a pertan in trading and follow it through, we shouldn't be too rigid because we might discover midway that we're charting in the wrong part. So what I think is that we should apply caution and patience while making trading decisions so we can get profitable results, I think that in some rare cases that it's ok to follow trends if you must, only that whatever decisions must be carefully thought out. Why I say this is because with the best trading pertans and perfect market analysis and predictions, traders still experience loses, so the trader can sometimes be dynamic and change a strategy when it's absolutely necessary. Title: Re: When Trading becomes Unfavourable Post by: dunfida on January 03, 2024, 01:10:47 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, If the trading pattern you stick to stops working for you, and you probably stop gaining profit from trading, then it is time to review other trading patterns and make some changes because no one wants to lose.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Greed is not always favorable, but following trends pays sometimes when you do good research about the trend and take caution before starting to follow the trend. I believe that inasmuch as it's good to stick to a pertan in trading and follow it through, we shouldn't be too rigid because we might discover midway that we're charting in the wrong part. So what I think is that we should apply caution and patience while making trading decisions so we can get profitable results, I think that in some rare cases that it's ok to follow trends if you must, only that whatever decisions must be carefully thought out. Why I say this is because with the best trading pertans and perfect market analysis and predictions, traders still experience loses, so the trader can sometimes be dynamic and change a strategy when it's absolutely necessary. You would really be needing to be versatile since we do know that there would be things that we might be able to encounter on which it isnt really written on textbooks or could be seen those information on line on which you would really be able to learn up things accordingly on the time that you do make up trades. Dont expect that you could really be able to perfect out trading because there are people who are really that perfectionist on which they will really be that liking to make perfect trades on perfect time. Unfavorable or non profitable trades is something that we can commonly be able to encounter. So it is really just that right that you would be needing to adjust accordingly basing up on the things that you do met up. If you do lose, then try to dca but if it hits your SL then try to make some re-entry. Rinse and repeat on which it might not be that easy but its not something impossible. Title: Re: When Trading becomes Unfavourable Post by: RockBell on January 03, 2024, 08:51:21 PM greed is the main factor. I've seen this in several people. Those who jump in here want to get rich quickly and they literally disappear within one to two months. if I ask them why they don't return to trading they will say trading is a scam, after I went back to dig up a lot of information it turns out they were carried away by the greed brought by several influencers. like flexing, this brings many beginners to trading, ultimately they lose and consider trading a scam. greed is bad because you want to make more money, but one of the things that it leads to is greed and that has made a lot of people select some risky options and behavior while they trade such as doing revenge trading and many more and action like that can cause liquidation, and while trading their is no magic that can be performed, you have to listen and learn because their is no way you suceesed in trading without learning then that trader will not go far. They will say trading is scam because they failed to start from the basics as they should. And they see it as a way to make fast money and it will be better to have fun with it rather than choosing money over it, than putting money first. Title: Re: When Trading becomes Unfavourable Post by: Fatunad on January 03, 2024, 09:15:40 PM greed is the main factor. I've seen this in several people. Those who jump in here want to get rich quickly and they literally disappear within one to two months. if I ask them why they don't return to trading they will say trading is a scam, after I went back to dig up a lot of information it turns out they were carried away by the greed brought by several influencers. like flexing, this brings many beginners to trading, ultimately they lose and consider trading a scam. greed is bad because you want to make more money, but one of the things that it leads to is greed and that has made a lot of people select some risky options and behavior while they trade such as doing revenge trading and many more and action like that can cause liquidation, and while trading their is no magic that can be performed, you have to listen and learn because their is no way you suceesed in trading without learning then that trader will not go far. They will say trading is scam because they failed to start from the basics as they should. And they see it as a way to make fast money and it will be better to have fun with it rather than choosing money over it, than putting money first. on which it would really be just that right that you do really need to make out some adjustments if ever things turns out to be bitter. When times becomes that unfavorable then it would be always best that you should really know on how to adjust. Dont make yourself that comes into a point that you do become a gambler on where you wont really be following any trading fundamentals just because you had just lost up that control. Title: Re: When Trading becomes Unfavourable Post by: Onyeeze on January 03, 2024, 11:16:10 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Some people have understand that much profit in trading is what that leads for many things that have to do with trading and I understand that trading is like something we know that it deals with basic understanding before you will become successful in it, greediness is a way that have ruined people in trading and have made them to lose many chances of making profit in trading but the couldn't understand the basics way of trading from my ways of understanding trading directly or not, so trading is good but is to follow the precautions of trading and also pay attention to learn and understand the basic functions of trading. Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: batang_bitcoin on January 04, 2024, 01:33:55 AM so trading is good but is to follow the precautions of trading and also pay attention to learn and understand the basic functions of trading. Pay attention to what matters and that is what you are learning with your losses. There are traders that are just taking their losses for granted and think that there's not that much to get from them. Yes, they're your losses but it's not just all about losing what lesson can you extract from that to make it worth it every experience of defeat with your trades. It's hard to take that in but it's essential for a trader to grow with those lessons so his future trades will be worth (not talking about future trading).Title: Re: When Trading becomes Unfavourable Post by: MFahad on January 04, 2024, 03:39:03 AM so trading is good but is to follow the precautions of trading and also pay attention to learn and understand the basic functions of trading. Pay attention to what matters and that is what you are learning with your losses. There are traders that are just taking their losses for granted and think that there's not that much to get from them. Yes, they're your losses but it's not just all about losing what lesson can you extract from that to make it worth it every experience of defeat with your trades. It's hard to take that in but it's essential for a trader to grow with those lessons so his future trades will be worth (not talking about future trading).Any work we start without understanding the fully basic will first gives loss but if we don't give up and learn from our past mistakes then we could become a very experienced man of the field. Trading is not a complicated task to learn but one thing here is more which is uncertainty of profit or loss. we could just analyse the future market and nothing more than that while market can turn in any ways. Mostbof times analysis work but sometimes we could loss despite of following fully technical analysis. We have to choose a best strategy which minimize our risk and couldn't be panic from intitial loss. Title: Re: When Trading becomes Unfavourable Post by: stomachgrowls on January 04, 2024, 06:08:02 AM so trading is good but is to follow the precautions of trading and also pay attention to learn and understand the basic functions of trading. Pay attention to what matters and that is what you are learning with your losses. There are traders that are just taking their losses for granted and think that there's not that much to get from them. Yes, they're your losses but it's not just all about losing what lesson can you extract from that to make it worth it every experience of defeat with your trades. It's hard to take that in but it's essential for a trader to grow with those lessons so his future trades will be worth (not talking about future trading).Any work we start without understanding the fully basic will first gives loss but if we don't give up and learn from our past mistakes then we could become a very experienced man of the field. Trading is not a complicated task to learn but one thing here is more which is uncertainty of profit or loss. we could just analyse the future market and nothing more than that while market can turn in any ways. Mostbof times analysis work but sometimes we could loss despite of following fully technical analysis. We have to choose a best strategy which minimize our risk and couldn't be panic from intitial loss. Unfavorable trades is really that part of the learning process on which due to lack of knowledge and experience, you are really that prone to mistakes and errors on which it would really be that normal that you would be needing to adjust if you are really that planning to make trading as a career or something that you would really be liking to deal up with long term. You should make yourself that prepared when it comes to emotion and when it comes to mindset on which you should be sturdy considering this market is unpredictable on where you would really be able to encounter things which it might lead for you to become that impulsive. Just like on what others been saying that you should really be making yourself that versatile and would really be able to adjust accordingly and this is something that you would really be needing to do so for you to survive at least. Title: Re: When Trading becomes Unfavourable Post by: kojektea on January 04, 2024, 09:03:29 AM when trading is not profitable is when we do not have our own fundamentals in trading. like we still follow other people's trading styles or we are carried away by influencers whose flexing in every trading content makes us want to get rich quickly like them. my friend told me "instead of following the signals it pays more satisfying to follow the signals yourself" now I understand what he means and the results are more satisfying.
Title: Re: When Trading becomes Unfavourable Post by: pusaka on January 04, 2024, 10:33:00 AM when trading is not profitable is when we do not have our own fundamentals in trading. like we still follow other people's trading styles or we are carried away by influencers whose flexing in every trading content makes us want to get rich quickly like them. my friend told me "instead of following the signals it pays more satisfying to follow the signals yourself" now I understand what he means and the results are more satisfying. This is one of the many factors that will make trading unprofitable. We cannot deny that there are now many who offer trading signals that they say it will be very profitable, the fact that happens is not as easy as what is done. Many people who experience losses when they follow the signal, it proves that no signal is 100% correct. and also now many people take advantage of this, they open courses and provide signals as long as they give money to the person who opened the course. There are indeed some people who really do it, but now I see more people who make this just a business field that will benefit them only.Title: Re: When Trading becomes Unfavourable Post by: BRINIRHA on January 04, 2024, 10:57:48 AM when trading is not profitable is when we do not have our own fundamentals in trading. like we still follow other people's trading styles or we are carried away by influencers whose flexing in every trading content makes us want to get rich quickly like them. my friend told me "instead of following the signals it pays more satisfying to follow the signals yourself" now I understand what he means and the results are more satisfying. I've also been in a phase where I trust other people's analysis and try to apply it to my trading and yeah sometimes it ends up being quite annoying. So when I learn to analyze I still see other people's signals but not to use them but to compare them with the analysis I have made. And I started re-analyzing every time I saw signals from other people. Because it is very bad if we believe in other people's analysis more than our own analysis. In the past, I also looked at other people's analyzes just for learning. And now I also have more confidence in my own analysis. But sometimes making comparisons and also looking at other people's analysis as an additional reference for our analysis is also not so bad.And the most important thing is that we must not force ourselves to keep trading when our minds cannot focus. It's better to trade when we are in a good mood. Likewise, when our emotions are affected by experiencing a loss, it is better to stop for a moment to calm our minds and come back when we are calmer and have clearer thinking. Title: Re: When Trading becomes Unfavourable Post by: KupaCrypto on January 04, 2024, 11:17:43 AM I've also been in a phase where I trust other people's analysis and try to apply it to my trading and yeah sometimes it ends up being quite annoying. So when I learn to analyze I still see other people's signals but not to use them but to compare them with the analysis I have made. And I started re-analyzing every time I saw signals from other people. Because it is very bad if we believe in other people's analysis more than our own analysis. In the past, I also looked at other people's analyzes just for learning. And now I also have more confidence in my own analysis. But sometimes making comparisons and also looking at other people's analysis as an additional reference for our analysis is also not so bad. Most times other people's analysis might favour a particular trade even more than your own analysis, the same way your own analysis might as well favour you more than others people's analysis, which ever analysis you are using just bear in mind that the risk is all on you, you take responsibility if you make a profit or loss, so most times we are advised to use our own analysis in order to take full responsibility if we happen to be at loss, and what ever analysis you taking you just try to be consistent with it in order to achieve maximum results.And the most important thing is that we must not force ourselves to keep trading when our minds cannot focus. It's better to trade when we are in a good mood. Likewise, when our emotions are affected by experiencing a loss, it is better to stop for a moment to calm our minds and come back when we are calmer and have clearer thinking. Title: Re: When Trading becomes Unfavourable Post by: MFahad on January 04, 2024, 01:58:47 PM Most times other people's analysis might favour a particular trade even more than your own analysis, the same way your own analysis might as well favour you more than others people's analysis, which ever analysis you are using just bear in mind that the risk is all on you, you take responsibility if you make a profit or loss, so most times we are advised to use our own analysis in order to take full responsibility if we happen to be at loss, and what ever analysis you taking you just try to be consistent with it in order to achieve maximum results. If two people make different analyses, then the analysis of one of them will definitely be correct. Sometimes I see people telling about the market that from here there are chances of the market going up, and it can also go down, so of course everyone can do this analysis. It is also not necessary that our analysis is correct every time, or that the analysis on which we trade turns out to be correct every time. All experienced traders make their own analysis, but the market always takes its own direction. The market can also go against our analysis so we must be prepared for every situation. Always give priority to your own analysis. Other people are certainly good at analyzing the market, but until we become experts in it ourselves, we always have to rely on others. So always be self-reliant, our mistakes make us experienced. Title: Re: When Trading becomes Unfavourable Post by: G_Besar on January 04, 2024, 03:08:37 PM Most times other people's analysis might favour a particular trade even more than your own analysis, the same way your own analysis might as well favour you more than others people's analysis, which ever analysis you are using just bear in mind that the risk is all on you, you take responsibility if you make a profit or loss, so most times we are advised to use our own analysis in order to take full responsibility if we happen to be at loss, and what ever analysis you taking you just try to be consistent with it in order to achieve maximum results. Because remembering the responsibility and consistency that must exist in trading is what causes everyone to be better off making their own analysis rather than taking other people's analysis. Although it is also not wrong if someone wants to use other people's analysis as long as he is able to bear his own risk without having to blame other people if he experiences a loss while trading. Because often when someone has experienced a loss, they often blame other people for it, even though everyone can create their own analysis of anything.Title: Re: When Trading becomes Unfavourable Post by: cafter on January 04, 2024, 03:42:29 PM snip Also analyzing and taking trade on our responsibility will teach us a lesson on every trade, and we will learn practically which we cannot learn by following tips or just copying others analysis.if the trade goes against us we would take the responsibility and keep that in mind from next time that what was the mistake in this trade. if we copy others we do not learn anything, no one is talented enough to predict the market where is headed so they are also speculating and your are too. Title: Re: When Trading becomes Unfavourable Post by: batang_bitcoin on January 04, 2024, 08:55:58 PM Pay attention to what matters and that is what you are learning with your losses. There are traders that are just taking their losses for granted and think that there's not that much to get from them. Yes, they're your losses but it's not just all about losing what lesson can you extract from that to make it worth it every experience of defeat with your trades. It's hard to take that in but it's essential for a trader to grow with those lessons so his future trades will be worth (not talking about future trading). Any work we start without understanding the fully basic will first gives loss but if we don't give up and learn from our past mistakes then we could become a very experienced man of the field. Trading is not a complicated task to learn but one thing here is more which is uncertainty of profit or loss. we could just analyse the future market and nothing more than that while market can turn in any ways. Mostbof times analysis work but sometimes we could loss despite of following fully technical analysis. We have to choose a best strategy which minimize our risk and couldn't be panic from intitial loss. When you're too optimistic and new to it, that won't be a perfect combination as a start because we've learned a lot from it already and it's not as easy as many as they think. We're good to analyze and what not but even so, there will be moments that you're not just so good enough and it happens. Title: Re: When Trading becomes Unfavourable Post by: Fatunad on January 04, 2024, 09:55:01 PM Pay attention to what matters and that is what you are learning with your losses. There are traders that are just taking their losses for granted and think that there's not that much to get from them. Yes, they're your losses but it's not just all about losing what lesson can you extract from that to make it worth it every experience of defeat with your trades. It's hard to take that in but it's essential for a trader to grow with those lessons so his future trades will be worth (not talking about future trading). Any work we start without understanding the fully basic will first gives loss but if we don't give up and learn from our past mistakes then we could become a very experienced man of the field. Trading is not a complicated task to learn but one thing here is more which is uncertainty of profit or loss. we could just analyse the future market and nothing more than that while market can turn in any ways. Mostbof times analysis work but sometimes we could loss despite of following fully technical analysis. We have to choose a best strategy which minimize our risk and couldn't be panic from intitial loss. When you're too optimistic and new to it, that won't be a perfect combination as a start because we've learned a lot from it already and it's not as easy as many as they think. We're good to analyze and what not but even so, there will be moments that you're not just so good enough and it happens. This is why it would be always better that you should really be that realistic so that you would really be that making yourself that not getting that huge disappoinment whenever you do experience the opposite things that you are really that anticipating. It is really just that depending into someone on how they would really be dealing with it. Unfavorable trades are normal considering this market is really that unpredictable from time to time. Title: Re: When Trading becomes Unfavourable Post by: batang_bitcoin on January 05, 2024, 09:30:14 PM Sooner or later you would really be able to experience for yourself on what the reality do looks like because people do really love on assuming on something even they havent really been able to encounter or experience it before or simply having those kind of expectations that it would really be just that simple but on the time that they would really be able to experience for themselves and do really sees out that it is really that totally different or something that it is really that opposite on what they are expecting then being impulsive will really comes up next. This is something a very normal scenario that do really happens. Trading isnt only talking about being profitable on which as a trader then you should really at least make yourself aware on what you are dealing with and not really just that making those assumptions which are really that way too optimistic. Just don't expect too much whether you're an expert, profitable trader or not. That is the basics on this life when you're in a highly volatile market and you don't know what's going to happen next. That's the mistake of many people when they've won a few trades, they think that it's going to help them a lot and will become profitable trader on an instant but it doesn't go like that. There's so much to learn being a beginner and even the experts and good ones keeps on learning with their losses.This is why it would be always better that you should really be that realistic so that you would really be that making yourself that not getting that huge disappoinment whenever you do experience the opposite things that you are really that anticipating. It is really just that depending into someone on how they would really be dealing with it. Unfavorable trades are normal considering this market is really that unpredictable from time to time. Title: Re: When Trading becomes Unfavourable Post by: Fatunad on January 05, 2024, 09:56:19 PM Sooner or later you would really be able to experience for yourself on what the reality do looks like because people do really love on assuming on something even they havent really been able to encounter or experience it before or simply having those kind of expectations that it would really be just that simple but on the time that they would really be able to experience for themselves and do really sees out that it is really that totally different or something that it is really that opposite on what they are expecting then being impulsive will really comes up next. This is something a very normal scenario that do really happens. Trading isnt only talking about being profitable on which as a trader then you should really at least make yourself aware on what you are dealing with and not really just that making those assumptions which are really that way too optimistic. Just don't expect too much whether you're an expert, profitable trader or not. That is the basics on this life when you're in a highly volatile market and you don't know what's going to happen next. That's the mistake of many people when they've won a few trades, they think that it's going to help them a lot and will become profitable trader on an instant but it doesn't go like that. There's so much to learn being a beginner and even the experts and good ones keeps on learning with their losses.This is why it would be always better that you should really be that realistic so that you would really be that making yourself that not getting that huge disappoinment whenever you do experience the opposite things that you are really that anticipating. It is really just that depending into someone on how they would really be dealing with it. Unfavorable trades are normal considering this market is really that unpredictable from time to time. then it would really be just that fine whatever the things that would happen along the way since you could really be able to adjust accordingly, compared into those people who do have some that fixed expectations and on the time that the reality would be slapping into your face then you would really get shocked and you would really be that thinking up the different way and ended up on comitting even more mistakes just because of that extreme disappointment because the thing you've been expecting didnt really happen. Make yourself wary on the reality and how this market behaves because if not then you would really be that making yourself that too impulsive on the actions that you might be making and this is something that wont really be that ideal i should say. There would really be those who would really be making those reactions which arent that something that good to be done in the first place. Title: Re: When Trading becomes Unfavourable Post by: batang_bitcoin on January 05, 2024, 10:32:55 PM -snip- I agree that being aware of the reality of this market will help you a lot and even if there are times that trading is unfavorable to you, the time will come if you are persistent and you see yourself staying here for long. And by having that, it will also allow you to survive and determine yourself whether you are for here or you're for something else.Title: Re: When Trading becomes Unfavourable Post by: KupaCrypto on January 06, 2024, 04:50:33 PM If two people make different analyses, then the analysis of one of them will definitely be correct. Sometimes I see people telling about the market that from here there are chances of the market going up, and it can also go down, so of course everyone can do this analysis. It is also not necessary that our analysis is correct every time, or that the analysis on which we trade turns out to be correct every time. All experienced traders make their own analysis, but the market always takes its own direction. The market can also go against our analysis so we must be prepared for every situation. Always give priority to your own analysis. Other people are certainly good at analyzing the market, but until we become experts in it ourselves, we always have to rely on others. So always be self-reliant, our mistakes make us experienced. The market can be analysed but can't be predicted, so when taking risk we should be mindful of the kind of risk we take,let's learn to take risk according to our financial power or strength. Title: Re: When Trading becomes Unfavourable Post by: elwinsmith on January 28, 2024, 02:47:18 PM Successful trading demands adapting to challenges, emotional control, sticking to plans, and selecting reliable assets like Bitcoin. Learn from losses and adjust strategies for continuous improvement.
Title: Re: When Trading becomes Unfavourable Post by: Vinaa77 on January 28, 2024, 06:26:59 PM Just don't expect too much whether you're an expert, profitable trader or not. That is the basics on this life when you're in a highly volatile market and you don't know what's going to happen next. That's the mistake of many people when they've won a few trades, they think that it's going to help them a lot and will become profitable trader on an instant but it doesn't go like that. There's so much to learn being a beginner and even the experts and good ones keeps on learning with their losses. Yes, of course we cannot hope too much about the achievements we have achieved and that we will be able to get the same profits again in the future and we will not be able to know for sure the price movements are exactly as we predicted and those who have been able to gain profits from several trades but they may not necessarily be able to repeat themselves in the same way to be able to gain profits from these trades, so it is very important for us to keep updating our knowledge about the trades we make so as not to lose the capital we have in these trades.Title: Re: When Trading becomes Unfavourable Post by: Fara Chan on January 28, 2024, 06:50:28 PM Successful trading demands adapting to challenges, emotional control, sticking to plans, and selecting reliable assets like Bitcoin. Learn from losses and adjust strategies for continuous improvement. All of this takes time to do gradually because doing things like controlling emotions, sticking to plans, and choosing reliable assets cannot be done simultaneously at one time. Especially if all of this is aimed at beginners who are just learning to trade in the crypto market, so they will obviously need time to make every adjustment to themselves and apply it to their trading gradually. Apart from that, everyone also needs to look at market conditions every month because currently crypto market conditions still tend to change due to several influences that come suddenly.Title: Re: When Trading becomes Unfavourable Post by: MIner1448 on January 29, 2024, 07:13:50 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, The keys to successful trading are: plan, discipline, risk management, emotional control. Training and experience will help you deal with challenges such as greed and trend chasing. Not changing your trading plan mid-trade is important to prevent losses. Yes, it is precisely not to change the top plan, because emotions constantly come into force, and they do not lead to anything good.Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Title: Re: When Trading becomes Unfavourable Post by: Dr.Osh on January 29, 2024, 11:02:37 AM Well, that's why people say that trading is difficult. even though we have prepared plans such as limits to sell when we make a profit or loss, but sometimes we get greedy, or maybe think that our profits could be higher, or our losses could be less, so sometimes people change their plans and holding the coins they own is beyond their plans.
This also often happens to me, where I sometimes forget what I should do, and instead make new plans in the middle of trading. well, sometimes it works, but sometimes it creates huge losses. However, it would be best if we took profits that weren't too big, and followed the plan we had from the start. Title: Re: When Trading becomes Unfavourable Post by: R100K-Martin-Lunger on January 29, 2024, 11:56:18 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. Absolutely, factors like greed and trend-chasing can lead to unfavorable trading outcomes. It's crucial to follow a well-defined trading plan and avoid impulsive decisions, as deviating mid-trade can often leads to losses. I agree that facing and learning from trading challenges is key. To lower risks, it's important to only trade with money you can afford to lose. Diversifying and regularly rebalancing your portfolio can also help manage risk and optimize returns. This balanced approach is essential for navigating the complexities of trading. Remember, disciplined and informed trading strategies are fundamental to success in the volatile world of investing. If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG Title: Re: When Trading becomes Unfavourable Post by: wendty on January 30, 2024, 07:29:42 AM Those who have excessive greed for money face loss. Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them. It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital. There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses. Many people do not want to sell even if there is a fixed profit in the hope of extra profit. But when they see the price going down, volatility sets in and they sell less than the capital. For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.
Title: Re: When Trading becomes Unfavourable Post by: Rehan Zakir on January 30, 2024, 01:35:25 PM When you takes wrong decisions.. It means when your trade goes opposites to your prediction. You have to keep patience don't react too much on it. Try to book some loss and take patience and wait for the best time to take an entry.
Trading is a name of patience. Title: Re: When Trading becomes Unfavourable Post by: bettercrypto on January 30, 2024, 03:23:45 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. I just want to add that through the experience of other gamblers who made a mistake in the strategy they made, we can learn from their mistake so that we don't have to go through the same mistake they made. And if the strategy we are using is making a profit, there is no reason to stop it unless there is no improvement in the strategies we are using, right? So it's still good that we shouldn't stop learning here in the crypto space. Title: Re: When Trading becomes Unfavourable Post by: snowpega on January 30, 2024, 05:57:44 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed. Title: Re: When Trading becomes Unfavourable Post by: TheUltraElite on February 03, 2024, 10:21:53 AM When you takes wrong decisions.. A wrong decision is also a learning point. Nobody seems to give it that importance.Quote It means when your trade goes opposites to your prediction. If your trade goes opposite of the prediction then you still have the exchanged asset at hand and you still have a chance to break even when that asset comes back up. So if you are staying in limitation to the top level altcoins and bitcoin you should be good for a few months.Quote You have to keep patience don't react too much on it. Try to book some loss and take patience and wait for the best time to take an entry. Indeed patience is important, mindset too, because keeping the nerves in such situations is tough. Hence always trade assuming the money put in will get lost in due course.Title: Re: When Trading becomes Unfavourable Post by: Hamphser on February 03, 2024, 12:43:17 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed. You should really that make yourself that able to adapt and able to accept out on whatever situation you are involving with. Title: Re: When Trading becomes Unfavourable Post by: boty on February 03, 2024, 05:18:15 PM This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed. If we trade greedily, it will be very unlikely that we will be able to make the right decision in the trade we are making and this will also be very detrimental to ourselves, we will incur a lot of losses if we do it greedily.Yes, it would be very good for us to have a plan before starting to trade and when we have reached the target we have set we will be able to take advantage of the trade so that we don't analyze again and continue to hope for the profits we will get in trading so that we have missed the benefits we have gained. Title: Re: When Trading becomes Unfavourable Post by: Gladitorcomeback on February 03, 2024, 06:09:58 PM Greed is curse so one who is greedy in trading will never get profit but will loss money on daily basis due to evolved emotions in his trading. Actually these factors are possess by those individuals who are new to market and has no knowledge but an expert does not follow trend always but they do deep research for trading.
Actually one can say that a person can control his emotions then he can win in trading but he cannot say that a person should stop emotions because emotionless person never think about money or other things as nothing matters for him. Read about trading, search through watching videos and reading articles, make a plan, set a cash amount for trading, put a limit, don't think with greediness and accept what you have, so if someone learn these things he can easily get huge profit from trading. Trading is risky and hard but an expert can also get huge sum to build a building just because of this trading. Title: Re: When Trading becomes Unfavourable Post by: Bushdark on February 03, 2024, 09:19:36 PM This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed. If we trade greedily, it will be very unlikely that we will be able to make the right decision in the trade we are making and this will also be very detrimental to ourselves, we will incur a lot of losses if we do it greedily.Yes, it would be very good for us to have a plan before starting to trade and when we have reached the target we have set we will be able to take advantage of the trade so that we don't analyze again and continue to hope for the profits we will get in trading so that we have missed the benefits we have gained. There are time when trading becomes unfavorable, I always try to learn more and look for reasons why my trade could not hit the target. I am mire interested in learning and nit just making money for myself. It is good to be a skilled trader. Title: Re: When Trading becomes Unfavourable Post by: bettercrypto on February 04, 2024, 02:49:57 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. The challenges that we will face in crypto trading are the ones that will help us learn the truth. The question is, are we ready to face these challenges? There are others who, because they don't expect the challenges, easily give up immediately. If we can't get or learn how to make money trading here in crypto, we should just continue what we started here. If the method we used was not effective, the simple thing to do is to change it and learn what we think is right, which can help us earn in this trading. Title: Re: When Trading becomes Unfavourable Post by: Negotiation on February 04, 2024, 03:03:18 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. My opinion here is that it is better to refrain from trading when trading is not in your favor because by refraining from training you will survive your loss and later these will turn into your profits. After that, you need to understand the market where the market train is basically positioned. if you understand the marketing trend will be positioned toward it. In this case, you should refrain from trading because if you open any kind of trading during this period it will turn into a loss instead of a profit. Title: Re: When Trading becomes Unfavourable Post by: boyptc on February 04, 2024, 04:13:20 AM Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it.
If doing day trading works for you then be better with your decisions and be profitable. Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade. Title: Re: When Trading becomes Unfavourable Post by: Lantind on February 07, 2024, 08:58:13 AM Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it. Yes, it would be better for us to choose the type of trading according to the knowledge we have in order to make a profit, because if we follow the current trend it is possible that we will not be able to properly analyze the current market conditions so that we make mistakes in analyzing the market and also make wrong decisions in trading, it's true that a trader can't always make a profit, of course they make mistakes that result in losses from the trades they make, so it's important for us to be careful in deciding something when trading to be able to minimize losses in trading.If doing day trading works for you then be better with your decisions and be profitable. Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade. Title: Re: When Trading becomes Unfavourable Post by: Gladitorcomeback on February 07, 2024, 10:26:57 AM Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it. If doing day trading works for you then be better with your decisions and be profitable. Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade. The main question here is even we have to stop the trade or continue trading without caring of previous loss. You opinion is good to adopt other trading strategy but problem here is that when someone loss he also loss emotion control and the idea/strategy he made before the trade changed and now trader doing all trade just for revenge (to recover loss) which mostly cause a big loss. Actually I experienced this situation myself and lost and then only regretted upon the mistake i did. I will recommend to stop trading and wait for cool down and then start trading again after 24 hours with new strategy. Title: Re: When Trading becomes Unfavourable Post by: Fatunad on February 07, 2024, 08:26:45 PM Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it. If doing day trading works for you then be better with your decisions and be profitable. Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade. The main question here is even we have to stop the trade or continue trading without caring of previous loss. You opinion is good to adopt other trading strategy but problem here is that when someone loss he also loss emotion control and the idea/strategy he made before the trade changed and now trader doing all trade just for revenge (to recover loss) which mostly cause a big loss. Actually I experienced this situation myself and lost and then only regretted upon the mistake i did. I will recommend to stop trading and wait for cool down and then start trading again after 24 hours with new strategy. that trading is never been that a predictable thing on which it is really just that right that we would really be needing to get prepared and having those back up plans whenever we do able to hit and experience those sudden u-turn of events on which we know that this is something that could really happen into this market because its never been that predictable in the first place. Trades that you could have might really be that ending up on having those kind of outcome or results on which you dont be able to expect. There would really be those moments on which you would really be experiencing those unfavorable situations on which it might really be leading up to loses but doesnt mean that this is over. You could really always have that kind of recovery if you do like. Title: Re: When Trading becomes Unfavourable Post by: Myleschetty on February 08, 2024, 04:36:58 PM Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it. If doing day trading works for you then be better with your decisions and be profitable. Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade. The main question here is even we have to stop the trade or continue trading without caring of previous loss. You opinion is good to adopt other trading strategy but problem here is that when someone loss he also loss emotion control and the idea/strategy he made before the trade changed and now trader doing all trade just for revenge (to recover loss) which mostly cause a big loss. Actually I experienced this situation myself and lost and then only regretted upon the mistake i did. I will recommend to stop trading and wait for cool down and then start trading again after 24 hours with new strategy. You're right when you said something about emotion control and the best way to control is still taking a break and re-strategize. Title: Re: When Trading becomes Unfavourable Post by: stomachgrowls on February 08, 2024, 06:06:58 PM Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it. If doing day trading works for you then be better with your decisions and be profitable. Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade. The main question here is even we have to stop the trade or continue trading without caring of previous loss. You opinion is good to adopt other trading strategy but problem here is that when someone loss he also loss emotion control and the idea/strategy he made before the trade changed and now trader doing all trade just for revenge (to recover loss) which mostly cause a big loss. Actually I experienced this situation myself and lost and then only regretted upon the mistake i did. I will recommend to stop trading and wait for cool down and then start trading again after 24 hours with new strategy. that trading is never been that a predictable thing on which it is really just that right that we would really be needing to get prepared and having those back up plans whenever we do able to hit and experience those sudden u-turn of events on which we know that this is something that could really happen into this market because its never been that predictable in the first place. Trades that you could have might really be that ending up on having those kind of outcome or results on which you dont be able to expect. There would really be those moments on which you would really be experiencing those unfavorable situations on which it might really be leading up to loses but doesnt mean that this is over. You could really always have that kind of recovery if you do like. then there's no way that you could be able to make some spot on strategies on which you do able to make money.It would be inevitable for you to be able to encounter those different things that you didnt even expect for it to happen on you. Just like on what you had said that you would be needing to make those adjustments so you could really be able to act accordingly into the situation. Expect the unexpected on which this is something that you should really be putting up into your mind so it is really just that right that you would come to be prepared on such condition. Title: Re: When Trading becomes Unfavourable Post by: TheUltraElite on February 22, 2024, 04:10:12 PM When trading becomes unfavourable, the best thing to do is to take a break which will let the traders see the area where the mistake comes in which could be choosing the wrong product. Taking a break is never a bad option. You often need to have a different picture in front of your eyes instead of the trading terminals to be able to think outside the box and give everything a fresh look. It does not always work but it can if you want it to and be able to place that next intelligent order. Mistakes are more common when you are burnt out from trading and not in an emotional state to make these decisions any more. In this regard long term trading is much safer - indeed day trading is not for everyone and is stressful. Title: Re: When Trading becomes Unfavourable Post by: Bushdark on February 23, 2024, 06:01:39 PM This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed. If we trade greedily, it will be very unlikely that we will be able to make the right decision in the trade we are making and this will also be very detrimental to ourselves, we will incur a lot of losses if we do it greedily.Yes, it would be very good for us to have a plan before starting to trade and when we have reached the target we have set we will be able to take advantage of the trade so that we don't analyze again and continue to hope for the profits we will get in trading so that we have missed the benefits we have gained. To make money should not be forced, so we have to plan ourselves and keep working on new strategies or adjusting to make sure that we can make money from the market. When trading looks like it is becoming hard for us, we need to make sure that we keep working on learning more about how to trade without becoming a loser. Title: Re: When Trading becomes Unfavourable Post by: Minebea on February 24, 2024, 05:09:28 PM You win some You lose some. Outcomes or results would really be entirely be depending on how well you do make yourself making those trades. Not all would really be that profitable
and not all would be successful but doesn't mean that you would really be just trying out to avoid and completely stop due to some few loses. Thing here is that you do really end up on making yourself profitable despite of those loses. Always keep in mind that trading does have those loses inevitably and never ever think that trying out to have zero loss because it cant be possible. Title: Re: When Trading becomes Unfavourable Post by: adpinbr on February 28, 2024, 10:20:07 AM It is always good and advisable to stick to your trading plans or lose during your trading, because you may see some good move that will come up during your trading, and you may decide to take those moves, and those moves is not analyze or calculated by you if you eventually take those move on your trading, you may succeed in making more profit during your trading, and you may also lose.
The chances of you making profit or succeeding during your trade if you make a different move and not sticking to your trading plan is high, and may result to lose of trade, you have higher chance of losing if not stick to the plan because the plan is what has been analyze, and calculated based on previous trades and other traders so it is always advice to stick to your trading plans. Title: Re: When Trading becomes Unfavourable Post by: boty on February 29, 2024, 04:43:52 AM There are many times trading had become unfavorable for me and I had no option than to take the outcome like that. We need to be wise and make decisions that would always help us to be a better traders. We must be able to accept the decisions we have made and if the decisions we make in trading fail then we must be able to find out the part of the mistake we made and must find a solution to the mistake so as not to repeat the trading we did, if we continue to study trading, of course we will be able to trade well and will also have profits commensurate with what we have learned and after having skills in trading, of course we will be able to achieve success in trading and also we will be able to teach other people how to find profit from trade.There are time when trading becomes unfavorable, I always try to learn more and look for reasons why my trade could not hit the target. I am mire interested in learning and nit just making money for myself. It is good to be a skilled trader. Title: Re: When Trading becomes Unfavourable Post by: Volimack on February 29, 2024, 05:31:13 AM When you takes wrong decisions.. It means when your trade goes opposites to your prediction. You have to keep patience don't react too much on it. Try to book some loss and take patience and wait for the best time to take an entry. It is not possible to do business without patience. There are many ups and downs in the market. If you can't keep your emotions connected there will be adversity and loss. If you can't control your emotions you won't take a good trade because of fear or you will leave it with less profit. Or sometimes after taking a trade if the price goes against the expectation the loss amount will increase.Trading is a name of patience. Title: Re: When Trading becomes Unfavourable Post by: Tigerheart3026 on February 29, 2024, 06:16:50 AM When you takes wrong decisions.. It means when your trade goes opposites to your prediction. You have to keep patience don't react too much on it. Try to book some loss and take patience and wait for the best time to take an entry. It is not possible to do business without patience. There are many ups and downs in the market. If you can't keep your emotions connected there will be adversity and loss. If you can't control your emotions you won't take a good trade because of fear or you will leave it with less profit. Or sometimes after taking a trade if the price goes against the expectation the loss amount will increase.Trading is a name of patience. Title: Re: When Trading becomes Unfavourable Post by: bettercrypto on March 01, 2024, 09:23:56 AM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. It is said that there is no perfect trading, so we can always get earnings here. And this is true because not all traders are the same in the analysis they do and the opinion they read on the chart. We must learn to have a basic system so that we can get the right technical analysis for the trading activity that we do on any exchange that we do trading on, right? And we should also be prepared for unexpected things because that's where we can grow and learn more about trading skills. Title: Re: When Trading becomes Unfavourable Post by: Bravut on March 01, 2024, 08:12:00 PM This is crypto. Another thing that can make someone to lose is the coin they are using. I prefer to use bitcoin and just bitcoin alone. There are some good altcoins too, but I prefer to focus on bitcoin. There are many altcoins that are gambling and they are shitcoins. The trader may be very good, having good analyses that will favour the traders if they use good coins like bitcoin, but using shitcoins will lead to losses and losses. Do you mean that as traders we losing trades is as a result of the coins we are trading? Or you mean one should focus on one coin rather than trading more than two coins? I can’t see a situation where Bitcoin or altcoins will affect the outcome of such trades if it was a good and high probability trade, our analysis is subject to how that trader sees or thinks the market will move. You can still enlighten me more on your point. Title: Re: When Trading becomes Unfavourable Post by: Fatunad on March 01, 2024, 08:16:21 PM There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade. It is said that there is no perfect trading, so we can always get earnings here. And this is true because not all traders are the same in the analysis they do and the opinion they read on the chart. We must learn to have a basic system so that we can get the right technical analysis for the trading activity that we do on any exchange that we do trading on, right? And we should also be prepared for unexpected things because that's where we can grow and learn more about trading skills. The only difference into those people who do make out those dealings is that they do know on what they should gonna do. If we do make out such comparison in between noobs and pros then there would really be having that kind of gap in between on how they do handle themselves out of this unpredictable market. Trading isnt always meaning out about being profitable but rather it is also that having those kind of moments or times that you would really be that having the loses. There would really be those moments that you might thought that you had made out some profits or money but in the last minute or second it turns out to be negative, then it does really bring out that frustration on which you would really be having those thoughts that Trading is shit and this isnt something for you. On the time that you would really be able to get up such experience then you would really be able to make those kind of insights that this is really just that part of the game. Title: Re: When Trading becomes Unfavourable Post by: Zanab247 on March 10, 2024, 03:55:44 PM Quote from: boyptc Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it. The most important thing in the trading, is to ensure you follow the strategy that is helping traders to be profitable all the time in their trading, if day trading is what is profit you whenever you trade in the market, you can continue using day trading to continue enjoying your profits in the market.If doing day trading works for you then be better with your decisions and be profitable. Quote Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade. But if you are a professional trader, it will be difficult for you not to experience profits all the time when you trade your coins in the market because, you know when to trade to make that profits you are looking for in the market and you know when not to trade to avoid losses from the market.Title: Re: When Trading becomes Unfavourable Post by: Bloodseekers on March 11, 2024, 05:20:06 AM Quote from: boyptc Just do the trade that what works for you. If following the trend works for you and it is profitable then go with it. The most important thing in the trading, is to ensure you follow the strategy that is helping traders to be profitable all the time in their trading, if day trading is what is profit you whenever you trade in the market, you can continue using day trading to continue enjoying your profits in the market.If doing day trading works for you then be better with your decisions and be profitable. Quote Not at all times you will be a profitable trader. So do what makes you good and you know how to come up with it as you trade. But if you are a professional trader, it will be difficult for you not to experience profits all the time when you trade your coins in the market because, you know when to trade to make that profits you are looking for in the market and you know when not to trade to avoid losses from the market.Title: Re: When Trading becomes Unfavourable Post by: Baki202 on March 11, 2024, 04:10:06 PM This is too common to many people they fall prey to Greed. Greed is the worst enemy of humans but those who set their goals when to book profit can easily overcome greed. In my own opinion when you open any trade set your hit points and when the price hits your planned goals book some profit and book some more when the price hits another goal in this way you can overcome greed. It is a challenge for the traders to have the best control over their own greed. I wonder what even the definition of greed is. I know some emotions can drive you to make some kind of decision but the truth is that people want to make money, and if those people have enough, they won't pass their boundaries. I'm very sure of that. and when you hit your profit and you see that there is still a window, you can give it a try to see if you can make more profit because, as it is, nobody will feed you, am sure most of those actions will not cost you that much since there are measures It won't be a bad idea to try something to see if you can make more profit. If we trade greedily, it will be very unlikely that we will be able to make the right decision in the trade we are making and this will also be very detrimental to ourselves, we will incur a lot of losses if we do it greedily. Yes, it would be very good for us to have a plan before starting to trade and when we have reached the target we have set we will be able to take advantage of the trade so that we don't analyze again and continue to hope for the profits we will get in trading so that we have missed the benefits we have gained. Because I am still thinking that if you do not take certain risks, you will make money from crypto, and I am trying to use the same strategy that I use in gambling and trading. and having a plan is good but most of the time, planning does not work. Just make sure that your analysis is correct, and if you have the right analysis, you can make a profit if your analysis is correct because everything is about risk, and if you know how to take risks, you make money. Title: Re: When Trading becomes Unfavourable Post by: TheUltraElite on March 27, 2024, 04:33:10 PM When someone has mastered trading well of course they will be able to have a strategy that they use in trading to generate profits and if you have been able to make a profit from daily trading of course you have been able to understand well how to analyze the market correctly so that you can gain profit from the trades you make and of course you have good experience from every trade you make so you can get daily profits from trading. I dont agree when someone says that they have a strategy to generate profits everyday or so, because that is a foolish thing to believe in. Trading being a speculative thing, depends on so many factors that are beyond our control, so your method might give profits in a short term scale but not everyday or even every week or month.Trading will become unfavorable at times you just have to go through with it and often taking a break helps. You will see this more when day-trading instead of long term trading where things stabilize out a lot. Title: Re: When Trading becomes Unfavourable Post by: Sorryfor on March 27, 2024, 05:52:35 PM Yes trading is a risky activity in most cases. In trading a man needs to control his emotions as well as be tactful and have proper knowledge about trading And for trading you must control your excessive greed and also you must avoid the mistakes you made in the past in trading otherwise you will not experience much profit from trading. On the contrary, you will suffer. And those who are newbies should not turn to trading first and give more priority to investment. Besides, you will be able to profit by trading in small funds and avoid your mistakes by avoiding losses. So it is better to completely avoid big mistakes in trading.
Title: Re: When Trading becomes Unfavourable Post by: stomachgrowls on March 27, 2024, 06:33:05 PM Yes trading is a risky activity in most cases. In trading a man needs to control his emotions as well as be tactful and have proper knowledge about trading And for trading you must control your excessive greed and also you must avoid the mistakes you made in the past in trading otherwise you will not experience much profit from trading. On the contrary, you will suffer. And those who are newbies should not turn to trading first and give more priority to investment. Besides, you will be able to profit by trading in small funds and avoid your mistakes by avoiding losses. So it is better to completely avoid big mistakes in trading. There are lots of factors on which it would really be affecting your trade results on which we know that this is something unavoidable but at least on the time that we are already making up such gaining experience and learning then we would really be able to lessen up the risk on which this is something which is really that could happen depending on the hard work you are really that making on. Trading isnt always that becoming ended up on profitable on which loses would be there, the important thing on here is that you do really know on how to make adjustments on the time that you would really be able to make yourself that experiencing these situations. Trading could neither be profitable and losing one and if you are someone whose really that impulsive on things then you would really be having a hard time on sustaining this unpredictable space on which this something that you should be looking into. |