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What I understand with moving average whether SMA or EMA is that they are best combined with RSI. So about the times frame they are stronger in higher time frame. It is used for swing trade because of it stronger ability in higher time frame a day time trading above. Sometimes you can use it for trend location for a swing trader.
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Unlike spot trading, in futures trading you can sell a coin you do not own. This process is called shorting. Shorting is simply betting against the coin. In longing, we bet that the coin will go up, in shorting, we bet that it will go down.
Apart from the fact that we click sell instead of buy, there is no difference in the technicalities involved in selling/shorting.
NOTE:- • Closing a sell/short trade manually is the same as in buying/long.
When already in a trade, you can adjust your leverage and also change your stop loss and take profit still in the positions tab anytime by clicking on
them.
Hope this will help.
And OP you have to know that when talking about borrowing in this business of online trading you are talking about leverage. You need to study more on leverage, equity, balance etc below  Leverage is going to be activated or set by you depending on your risk that you desire to take. The higher your leverage you are using then the higher your risk and chances of being knock out of your balance. Short selling is sell, short or bear and that is when you analyse or predict that price will drop, you go on sell order. Long selling is buy, long or bull and that is if you analyse or predict that price will increase, you click for buy order. I wish you the best you are on your journey. |
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To trade cryptocurrency is about determination and with that you can be passionate to search the internet daily until you are satisfied that you have something you hold on to. YouTube videos too are resourceful. Basically I believe in practice. If you keep practicing on your closet that will help you to make your wrongs to be right. You make the mistakes and you adjust on it. Don't always rely on what you see on videos but make sure to practice it by your own first before going live trading.
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I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.
It depends on how long the trader has been trading. I think money is a motivating factor if you an old trader. Yes a newbie should be focusing on strategy and knowledge first but an older trader gets worked up if no profit is coming in. It all depends on the situation but I think a newbie should always be focusing on how to get it better so when he becomes old trader, it becomes easy to get the profit. Learning at the right time is better than chasing profit while still a newbie. |
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I think stop limit and stop loss are the same. Stop loss is simply to set a range to prevent your losses. Hope this can help you.
Stop loss, stop limit and stop price are all the same thing, but stop loss and stop limit are most commonly used on exchanges. Theoretically, that is the definition of stop loss, to minimize the loss that could have happened, but practically which all traders would have experienced before is that stop loss has its own disadvantage, the market can correct itself back to the opposite direction to favor a trader, but if stop loss was used, the stop loss order could have been filled. Yes that is the disadvantage but check for how many traders that won't use stoploss and see how many times they will keep regretting of losing the balance or fund and try to recredit the account. If you don't use stoploss, you are likely to be losing your capital. Except there are other proven better ways to trade and be profitable than using stoploss. |
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To be simple about what you have asked. Spot trading is just as simple as buy and hodl. The usual hodling of a coin either in your wallet or an exchange. You are suppose to buy low and wait to sell at your convenience on higher price. Here you don't lose the unit of your coin. That the unit of coin you bought is not lost only the value changes for higher or lower
Future trading include derivatives too. This is where real trading happens. You can lose your money. It is more risky. You buy or sell, you need a stop loss to avoid running out of balance.
Leverage is borrowed asset, money or coin to support your future trading. If you over borrow, it is risky. Sometimes 1-2 leverage or 1-1 ratio is better.
I think stop limit and stop loss are the same. Stop loss is simply to set a range to prevent your losses. Hope this can help you.
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The market increase and decrease in the two directions, this is the chance that most swing traders are having, they can be losing for long, the market will correct back and they will gain.
These you have mentioned are just the difference between the types of trade. Of course every trading pattern has its good and bad side. You have listed the good part of swinging but for swing to some people is slow and the profit is delayed. When you are losing in swing, it takes time to come back to profit but day trading is faster and scalping for scalper is more fast. Therefore they are all having the good and bad , they are both pattern of trading we need to use reasonable leverage above all risk management is best part of trading. |
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The spike around the $35k area caused the price to recover a little selling at $43,700 this morning as the war in Ukraine is causing more investors to put money to bitcoin as a safer place than fiat because the banks are not letting money out as expected. This will keep bringing panic within the zone. The sanctions giving to Russia by US and EU is not leaving any stone unturned in causing economic panic in Russia.
Will be a busy month.
Surely so. The volatility of bitcoin is going to be high with the expectation of more liquidity melting into cryptocurrency and bitcoin |
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Those that invested huge amount of money on bitcoin early this year by applying long term strategy, will have a lot to achieve when the price increase to $80k next month.
Surely the price is going to grow back with the money that will come in during this time of bear. I believe that with the situation in Ukraine and soliciting for cryptocurrency payment in btc, eth and USDT for support to fight the war. This can actually cause a fast recovery of bitcoin price, if this happens it means altcoins will also recover but I don't know if $80k is a visible area by next month. |
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Either ways none is easy be it trading bot holding the only difference is trading losses is instantaneous while holding depends on the market direction. If it's bullish you are smiling if it's bearish faces twist. But having a good foundation on analysing the market and been deciplined enough to follow the trend can limit losses in both holding and trading.
For that we need to have skills first before trying to enter the market because when the market price does not move as we expected then with these skills we can find out what we have to do next in order to minimize the risk of loss, trading can be done by many people but only few people can earn by trading and that person is certainly someone who already has mature skills in market knowledge. Experience is really what is needed to be a good and happy trader. With your experience you can understand candlestick and other indicators and how they operate and signals they give. Newbies try to force the market but experience trader wait for the market to come to him and this is the difference, patience. It is better to exercise patience and not to always be in a haste to take a short, every day is trading and we can take proper short at the market if wait for the right moment for that. |
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Sometimes it happens that our emotions lead to success but here in trading, that is something different. But I don't think need to do this, I guess controlling this to the least we can do is enough. We can still do better trades even having this feeling for as long as we can manage ourselves and make decisions wisely. Emotion may affect us if we never think wisely or we do the right thing. We just need to be mature enough upon trading, otherwise.
Being mature is doing the right kind of trade. Don't trade and after you lost then you regret, that means you did the trade with emotion. Trade and after you lost then you are proud to take the decision. Trading with emotion cost regret and most losses is because it was done with emotion. A right type of trade is taking your time to analyse the charts and see the direction of price and enter at the right time, possibly you make profit with that. |
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Volume is too low that means there isn't fresh money inflowing in crypto market. It seems we need another halving to get momentum in the market again. Banning Russia from swift could force them to use bitcoin for trade. If this happens then we could see momentum in the market again. But this is just a prediction so first we need to wait and see the geopolitical movement.
I think there is a possibility to this. Either of the fighting countries can decide to use bitcoin and that will push the price up. I read that Ukraine is asking for donation in btc but I don't know how that is true so far but with time it can happen if the fight continue but meanwhile even both countries trying to legalize bitcoin. |
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This is the harsh reality of trading with technical indicators, you will not get perfect results with the "Holy Grail" strategy no matter how experienced you are. Almost all strategies have deadlines, don't push your limits so far. Everyone has to be careful with the expected downtrend and don't keep chasing their losses. Experienced traders even make mistakes, novice traders have to be careful about potential traps by both the bull/bear side.
Of course no trading strategy is perfect to beat the market always, this is not possible because the market goes up and down and so no matter the robot used, it can not catch all the pips up and down. So newbies have to understand this in their trade. They don't need to expect that trade is 100% profiting all the time, some days are for profit and some losses, don't be greedy when you are on profit lock it up or exit with the little profit. |
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Op you have done nice job to support your trade using RSI as focus. But you don't have buy signal only sell and neutral.
Honestly I use RSI as well, but what foundation do you define that? Can I know?
Honestly I change the RSI settings a lot and it's different every Time Frame. But I'm not entirely attached to RSI alone. There are some additions such as MA, BB, Parabolic SAR and several other trading prediction aids. Maybe this is new to me, but looking directly at a chart containing some combinations seems like it's going to be easier. But I understand some people have different ways and what you write is as useful as possible for forums.
Is good not to use only one indicator, using a backup indicators is good but to have indicators clustering your trading table will confuse you more and it looks like this is your situation now from your post. You need some reduction, focus on indicators that you are profiting on. |
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Though I also do trading if I see good opportunity, I believe its better to be more flexible on this market since there’s a lot of ways to make money especially in trading.
Being flexible in the market is a sure process of making profit. Don't hold on to strategy that is not working for you, always check for better means to trade and don't always rely on your old knowledge, try and update the information and the stretegy you have for better trade. A flexible trader can get an information from other trader which will be useful for him |
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There is one important thing in trading that just focus on your success and forget the rest of the thing if you are gaining profit then surely sell the coin and do not think that this will rise more and will give you more success. Greed is that thing which can destroy you whole success. So be calm and just wait to get benefit and do not rush to get more profit because as a result of this you will loss your own profit.
if you are gaining profit then surely sell the coin and do not think that this will rise more and will give you more success. This is true, during the last bull many coins that are down now had ATH but some people may wait and expecting more profit and soon their hopes were disappointed as now those profit are gone and they are complaining. Every bull and bear season is a time for learning. Like it is said buy when price is low and sell when price is high. |
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For me it's swing trade , but scalping also is profitable. I just flow with market. Recent days I'm out of trading as market condition. It's need to stabalize.
i'm also very afraid Russia Vs Ukrain war .
Lol I can relate with this. I can feel you on this. The market is really unstable this time because of the war between Russia and Ukraine as sanctions are going to affect cash flow and liquidity. But if you stick to technical and news you don't have fear to worry rather than instinct or your personal idea. Follow the trend if you are a daily trader, swinger or scalper and always apply stoploss. |
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Getting an expert especially a paid one isn't the best choice to have but you can always do your own research until you are educated enough to do the trading.
Getting a paid person to teach you trading will not help or it has not helped many traders. From the testimonials of traders, they have mostly learnt from close friends and afterwards doing personal research and struggle through it. A paid teacher is far from you and they won't give you secret that they have learnt overtime, it is better to learn from someone close and teach yourself, make your mistakes with little amount and be better. |
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A traders should not also focus only on scaling, they can open a position for scalping, but it can still go wrong, but there should be a defense in such a way even if the scalping do not favor them, they still know the market is most likely to go in the direction chosen, then turning it to day trade or swing. But if this is not done rightly, it would have been better for a trader to just close trade after losing some amount of money in few minutes but depending on the RSI.
You don't look like understanding what scalping is. It is usually between 1 to 15 minutes kind of trade and you know the market is very volatile. On a very good day, a scalper may not use stoploss or is not able to set it on after entering for the trade because of volatility. If a scalper get it wrong I think the best is to close the lose because if allow a losing market to roll on it may happen against the trend and that can roll out the balance of the trader. |
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I am beginning to think scalping is very risky unless the market price of a coin has increased significantly and you short it, or decreased significantly and you long it. Which trading type is most profitable for you, is it scalping, day trading or swing trading?
Scalping, day trading or swing are all for different purpose and different plans. You understand swing watch for long time while scalping or day trading is for shorter time. A scalper choose that because not to stay longer in the market and goes for small pips but it depends on the one best for your emotions, scalping is risky because the little time you enter the market can be a nightmare and you can not use stoploss. |
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