Stop dreaming about the perfect trade

[passivebesiege]

This is true. I bought a crypto currency hoping to make an immediate profit but the market just went crazy and it drop all of a sudden. Now ive been holding it waiting for the right time to sell it, luckily ive bought one of the top 10 currency so im fairly confident that it will recover. Lesson learned technical analysis is not 100% accurate.

90% or 85% in technical analysis can be accurate and not 100%.
When I started in crypto and starting to invest in altcoins honestly I hope to get a huge profits from it. In this situation if you don't want to lose your money you should hold it until the market are going to recover.

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[bitbunnny]

Currently I still hold some tokens I believe that I can trade well. I hold on to a safe place. Reasons like that why I do not dream to accumulate or gain. I can do the right thing that will prevent me from losing more than what I get. Opportunities will not always be in my favorites but I can not let them get to me. Everyone has a good time or moment when trading. I know many traders always want to make a profit and whenever.

This is actualy good way of thinking. To have patience and to wait for the right moment to use the best opportunity.
The most common mistake that many traders do is that they want all in a very short period of time without paying attention what is happening on the market and then with too big desire for profit and not thinking clearly they lead themselves to loss that is often hard to recover.

[Crypto Girl]

trading has a high risk and is not always perfect and in accordance with what we want because the price of crypto is difficult to predict and sometimes we are wrong in predicting

That's why we should always anticipate the losses because in just one move of market everything can ruin. Expect every trade that you do it won't go as you plan. Better be ready from anything and everything because there's no such thing as perfect because fluctuation is here to strike right in front of our face.

[atorle]

It almost never happen that a trade goes perfectly as planned,it is always better to cash in your profit when you have say 2-3 percent profit

[goodvibes05]

If you keep on looking for a perfect trade then you must be dreaming your whole life because there's no such thing as "perfect trade". Market is unpredictable and it fluctuates every now and then. All you have to do is to think of a good and effective strategy and The right timing for you to trade and earn good profits.

[ohkkstaaahp]

I am really disappointed with the market today, I never think the market will recover, perhaps the market will collapse completely.

[Nuf-Nuf]

Trading is a marathon and not a sprint. A trader must trade probabilities, not indicators. The perfect trade is when the sum of probabilities with a positive outcome is greater than the sum of probabilities with a negative outcome.

[LogitechMouse]

When I am starting to trade, I am thinking that every trade of mine will be perfect. That I will not lose in trading etc. I was completely wrong. I experienced losing more than half of my funds because of FOMO, I experienced holding a coin for a month and ending in selling it with a loss. I experienced this when I am starting to trade.

What we must think is the risk over the reward. We must not be a greedy in trading. Put a certain percentage of profit per trade. What is important is you don't sell your coin at a loss. There is no perfect trade but we can prevent losing in trading thru experience, discipline and patience.

[entrepmind23]

Trading is a marathon and not a sprint. A trader must trade probabilities, not indicators. The perfect trade is when the sum of probabilities with a positive outcome is greater than the sum of probabilities with a negative outcome.

This would be the good description of trading. The problem is that some traders especially the newbies wanted to maximize their profit immediately and wanted to double their capital because they have seen others have done it not knowing that the trader who was able to do that has years of experience behind him or just got lucky.

Most likely, they would join signals group because they can't wait to earn more and maybe join some pump and dump groups as well because in there they can immediately gain profit. People are always in a haste and at the end of the day they will most likely lose more than gain some profits.

It is all about probabilities that you will have a positive income even though you have incurred some losses. It is also about losing less instead of having massive profits immediately.

[hubballi]

Trading is a marathon and not a sprint. A trader must trade probabilities, not indicators. The perfect trade is when the sum of probabilities with a positive outcome is greater than the sum of probabilities with a negative outcome.

This would be the good description of trading. The problem is that some traders especially the newbies wanted to maximize their profit immediately and wanted to double their capital because they have seen others have done it not knowing that the trader who was able to do that has years of experience behind him or just got lucky.

Most likely, they would join signals group because they can't wait to earn more and maybe join some pump and dump groups as well because in there they can immediately gain profit. People are always in a haste and at the end of the day they will most likely lose more than gain some profits.

It is all about probabilities that you will have a positive income even though you have incurred some losses. It is also about losing less instead of having massive profits immediately.

Not only in trading but even in gambling also if!you follow the bankroll system and go for!short profit then when you calculate your profit after some months then you can see that the ROI is very good and you are in profit.  Always follow the simple rule and you will be in profit

[gurang]

Many traders are obsessed with the perfect trade, perfect technical indicators. Trading is the field of non-existent "perfect" words. You can have a very detailed plan, but finally be surprised by a crazy market situation, like a cold water droplets in the face.

Instead of trying to reach the perfect trade, change yourself to the market. Average predicted of you about market, average with another trader ( why not? ). You should accept fewer profit but you will lose less. You should sell sooner and buy later than your prediction. follow the market, because the market will not follow you.

There's nothing wrong with you if you dream about it. It's not a bad idea, it's a good idea to learn that you can improve your mood and you will not be able to master

[omonuyak]

I didn't think there is something like perfect trade!  The cryptocurrencies market and forex has its own mind and it do decide price directions as it will.  No system and mind can predict this market accurately and you will need to trade with skillful in other to get some wins on your trading positions. I do advice traders to perish the idea of accuracy and perfection when it comes to forex and cryptocurrencies market analysis.

[Aikidoka]

Maybe they are obsessed with winning, and no with trying to achieve a perfect trading because nothing is perfect. As a matter of fact, many people win in trading. It is not an impossible thing. All you have to do is be patient and be up-to-date. The so-called "Luck" might take a place among the other characteristics of a trader. On the other hand, traders can achieve a good trading with no mistake. And that does not mean it is perfect.

[Papsie]

Yeah absolutely perfect advice to everyone. Never stop dreaming and chasing the perfect trade because it will change your life from the worse to better.

[Vimukkthi Vithanage]

Trading is not like other businesses. We all must accept that the word "risk" is coming after the word " trading". I do not have a long experience in trading but have done lot in last 1 , 2 years. I totally agree with your points and thanks for sharing

[Dimon8]

To dream it is necessary always, the dream gives an incentive. Ideal trade is flexible trade. The trading strategy should change in the same way as the market and the rules of trade change.

[danherbias07]

Perfect.
Your response about the idea of trading is the truth.

So much with the predictions in forums and twitter but the truth is they are just opinions of individual person. Newbies dont see that and they will be dragged by that idea. They will just learn the lesson when they lose already. Should we wait for that?

A starter pack of a newbie? Do not believe in hypes and trading predictions. Stay with your own plan.

[Manyak]

Many traders are obsessed with the perfect trade, perfect technical indicators. Trading is the field of non-existent "perfect" words. You can have a very detailed plan, but finally be surprised by a crazy market situation, like a cold water droplets in the face.

Instead of trying to reach the perfect trade, change yourself to the market. Average predicted of you about market, average with another trader ( why not? ). You should accept fewer profit but you will lose less. You should sell sooner and buy later than your prediction. follow the market, because the market will not follow you.

Well we can have a perfect trade if you have a patience that can wait to increase the price of what you want.

[semobo]

Perfect.
Your response about the idea of trading is the truth.

So much with the predictions in forums and twitter but the truth is they are just opinions of individual person. Newbies dont see that and they will be dragged by that idea. They will just learn the lesson when they lose already. Should we wait for that?

A starter pack of a newbie? Do not believe in hypes and trading predictions. Stay with your own plan.

There is no perfect trade as well as the strategy for crypto currencies,it all depends on the current market condition.Most of the newbie don't have enough knowledge but they are doing trade in the greediness but it will go into vain for the most of the times.If someone don't want money in short term then stop trading the crypto currencies.

[AleSergio]

It is simply to difficult to predict how the mrket will go, I prefer not to trade short-term and I go for long-term investments. I think that there are a lot of great projects that are undervalued, they will reveal their projects sooner or later, and when they will do that, the price will go to the top. A holded some altcoins and they have given me profit for about 500%+ For example EOS/Aeternity