tungaqhd
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January 08, 2020, 04:09:55 PM |
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It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
There are many fake crypto news published on the internet daily. However it is really hard to determine if it is true or not so i only read from trusted resources like coindesk.
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FLoving
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January 08, 2020, 04:37:48 PM |
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It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trading by the news is for novices. Professional traders follows market trends and apply the necessary approaches to trade profitability. And these novices drop the price when they hear the news and then say that they were correct and the news dropped the price and they reduced their lose if they will not follow the news and will just hold according to the chart then they will not face any lose because after the news and their dump the price again start to rise and they miss the price on which they sold and then they buy again at a higher price.
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Sadlife
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January 08, 2020, 08:24:31 PM |
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Yes this is true even for me because im one of those people who buys in the FOMO or buys higher than sell lower when there's a lot optimistic fundamental news telling the price is about surge. I was like that before, cause one of the reason is having zero knowledge in trading and following fundamentals that causes FUD instead of reading the price action with technical analysis will result in losing your money.
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hahay
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Leading Crypto Sports Betting & Casino Platform
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January 08, 2020, 10:51:51 PM |
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Yes this is true even for me because im one of those people who buys in the FOMO or buys higher than sell lower when there's a lot optimistic fundamental news telling the price is about surge. I was like that before, cause one of the reason is having zero knowledge in trading and following fundamentals that causes FUD instead of reading the price action with technical analysis will result in losing your money.
At least there are many users who make these mistakes, because with the news that spikes continue to appear it will make a lot of people out there in a hurry to buy without realizing that sooner or later prices will definitely be dumped. But even so, the news is important but we must do more understanding and research so that the money we spend can get a good return.
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Wipeout2097
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SportsIcon - Connect With Your Sports Heroes
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January 16, 2020, 04:36:40 PM |
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Being professional traders just believe in your knowledge and skills,Professional traders believe in market trends and avoid the fake news ,rumors.Charts,indicators and technical analysis helpful to take trade in green closing.
As we all know crypto market is volatile and the dominant whales make suddenly big so as a responsible trader should keep eye n the history whales move to avoid big losses.
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Mpamaegbu
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Once a man, twice a child!
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January 17, 2020, 11:40:21 AM |
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As an investor I only invest in solid coins and HODL. I have seen over the years that crypto market rearly follow news and predictions. Most of the time I bought BTC based on news but in loss as nothing happened. Best is to buy on dip and be patient.
Really? News doesn't move Bitcoin? Are you for real? Of course, what spikes Bitcoin price is nothing but news or rumours. Have you even taken note of the recent Iran-US faceoff and how tremendously it had impacted on the price of Bitcoin? It isn't really about the dip, for there is no such thing as overbought or oversold in the real sense.
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Gheka
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January 17, 2020, 01:31:52 PM |
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As an investor I only invest in solid coins and HODL. I have seen over the years that crypto market rearly follow news and predictions. Most of the time I bought BTC based on news but in loss as nothing happened. Best is to buy on dip and be patient.
Really? News doesn't move Bitcoin? Are you for real? Of course, what spikes Bitcoin price is nothing but news or rumours. Have you even taken note of the recent Iran-US faceoff and how tremendously it had impacted on the price of Bitcoin? It isn't really about the dip, for there is no such thing as overbought or oversold in the real sense. News does not bring a direct change in prices, even a lot of news has no relation to this market but somewhere, some people are always looking for a wire to create a link between news and bitcoin, for example, the war between Iran and the US, it only affects the economy between the two sides mainly, why does it have bitcoins here while users in these countries are few. Obviously, someone has led us and changed our mind when considering the market, following the news will have such risks while the price index will limit the false information, it directly represents the market.
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Meowth05
Sr. Member
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Activity: 854
Merit: 267
★777Coin.com★ Fun BTC Casino!
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January 17, 2020, 02:16:27 PM |
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There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own.
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makolz26
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January 17, 2020, 03:24:59 PM |
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There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own. Yes just a guidelines but let's not based our actions and opinions on it, so for the OP, I agree let's based on price action. That's why if we really wanted to trade let's focus on it and not just by looking at the news if there's good news coming or if there's bad news then we will sell. It's not a good habit and will not learn from it.
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pajak666
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January 17, 2020, 04:11:31 PM |
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It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Not only it is the news following problem, but same mindset leads to 'predicting market' which is unpredictable unfortunately. People construct their trades based on wrong assumptions. The amount of variables is way too big for anyone to comprehend and make educated guesses based on few random indicators that look good crossing each other on the chart. You need to be following price action and reacting to it, not trying to be a fairy.
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Bonenx14
Sr. Member
Offline
Activity: 1033
Merit: 250
Leading Crypto Sports Betting & Casino Platform
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January 17, 2020, 04:19:15 PM |
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It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Not only it is the news following problem, but same mindset leads to 'predicting market' which is unpredictable unfortunately. People construct their trades based on wrong assumptions. The amount of variables is way too big for anyone to comprehend and make educated guesses based on few random indicators that look good crossing each other on the chart. You need to be following price action and reacting to it, not trying to be a fairy. actually it would be better if you followed the price action, but unfortunately I personally still take place if there is good news. although like manipulation but I can benefit in there. it might be wrong because I go with the trend, and don't understand deeply about price action.
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█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
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secone
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January 17, 2020, 04:26:53 PM |
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better don't trade at news and dont trade by following price, better you trade by your "mental" prepare yourself to lost and prepre yourself to profit. don't be greedy to get profit as much as possible, just trade by 1% -5 % per transaction per day is better than 30% per month trust me if you trade with your mental you can be saholin of trader god
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spike420211
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January 17, 2020, 05:25:49 PM |
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It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis. Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trading by the news is for novices. Professional traders follows market trends and apply the necessary approaches to trade profitability. I do not agree with you. A professional trader will use any methodology, such as price movements and news. Look at the current state of the market, some coins, although this is rare, will increase in price due to news by 30% -50%. A professional will never miss such an opportunity, but he will not get hung up on them, squeezing the maximum out of what is possible.
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Webetcoins
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January 17, 2020, 05:43:13 PM |
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There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own. Personal study and analysis gives you the best guide about anything. Market chart is also a good guide as it is made for the traders after detailed analysis and study. Instead of relying on news which are usually not true or mere false analysis, we should rely on trustable source. You can trust on yourself the more as compared to others.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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LUCKMCFLY
Legendary
Offline
Activity: 2422
Merit: 1851
Leading Crypto Sports Betting & Casino Platform
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January 17, 2020, 10:45:36 PM |
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There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own. Personal study and analysis gives you the best guide about anything. Market chart is also a good guide as it is made for the traders after detailed analysis and study. Instead of relying on news which are usually not true or mere false analysis, we should rely on trustable source. You can trust on yourself the more as compared to others. The news is not what they claim to be, I have proven many times that good Bitcoin news for the general public means buying so that they do not miss the movement, but in reality what I have verified is that whales are when they sell the most, and when there is bad news, the mass in general sells, which is taken advantage of by the whales because they buy cheaper. It is a criterion that I have personally verified.
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Savemore
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January 18, 2020, 01:15:31 AM |
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There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
News can be use as a guide somehow but not entirely hence don't rely on it too much. Much better if we will follow our own intuition that we can get out from the market chart. It is better if we will have our own technical analysis out from the chart, learn how the market behaves and make an analysis out of it. Use all the resources you know that can be helpful such as News and articles in order to create your own. Personal study and analysis gives you the best guide about anything. Market chart is also a good guide as it is made for the traders after detailed analysis and study. Instead of relying on news which are usually not true or mere false analysis, we should rely on trustable source. You can trust on yourself the more as compared to others. The news is not what they claim to be, I have proven many times that good Bitcoin news for the general public means buying so that they do not miss the movement, but in reality what I have verified is that whales are when they sell the most, and when there is bad news, the mass in general sells, which is taken advantage of by the whales because they buy cheaper. It is a criterion that I have personally verified. But the news sometimes causing hype for the trader, if you are fundamentalists then buy on news and also sell in news. I cannot say that fundamentals is better than technicals or vice versa. What I want to clarify is there should be balance between relying in price action and also in mews for us to have better analysis that we can use in order to make profit in the market.
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adroitful_one
Legendary
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Activity: 1568
Merit: 1041
1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR
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January 18, 2020, 04:08:46 AM |
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There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
It's actually not a bad strategy. A while back when XVG was coming out with that Tor implementation, I decided to invest in it. Well, of course the couple of days before it was supposed to release, the price was skyrocketing. Of course I sold on release day. Then, the release was delayed and it made absolutely no difference to me. I was already out of the coin and made a ton of profit from it.
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clickerz
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January 18, 2020, 07:37:13 AM |
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There are tips that saying sell on the news and I always cringed if I hear or read about it. Following the price action is the best way in order to grow our capital. We should be a technician and not a fundamentalist. If we follow the price action, then we can know the best time to enter and exit in the market. Chart do not lie so after all so we should focus on improving our technical analysis skill than to enhance fundamental analysis skill.
It's actually not a bad strategy. A while back when XVG was coming out with that Tor implementation, I decided to invest in it. Well, of course, the couple of days before it was supposed to release, the price was skyrocketing. Of course, I sold on release day. Then, the release was delayed and it made absolutely no difference to me. I was already out of the coin and made a ton of profit from it. I remember that hype on XVG, it pumps too high as far as I can remember Mcafee hype it too. Though its good to know these tools in technical analysis but sometimes observing from news can give you an idea. But still, I agree with @adroitful_one better to study these tools to improve your decision making and finally gain your trade.
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moviebuff777
Sr. Member
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Activity: 378
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January 18, 2020, 01:11:07 PM |
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If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.
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Hero/Legendary . ██████████. .████████████████. .██████████████████████. -█████████████████████████████ .██████████████████████████████████. -█████████████████████████████████████████ -███████████████████████████████████████████████ .-█████████████████████████████████████████████████████. .████████████████████████████████████████████████████████████ .██████████████████████████████████████████████████████████████. .██████████████████████████████████████████████████████████████. ..████████████████████████████████████████████████████████████.. . .██████████████████████████████████████████████████████. . .████████████████████████████████████████████████. . .██████████████████████████████████████████████ . ██████████████████████████████████████████████████████ .█████████████████████████████████████████████████████████████. .███████████████████████████████████████████████████████████ .█████████████████████████████████████████████████████ .████████████████████████████████████
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Xcode7
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January 18, 2020, 04:35:26 PM |
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If you trade long term, then the news of the day is less likely to affect you. The daily volatility can be good if you are very skilled at trading but for most people is hard to take advantage of.
That's right what you said, I think those two factors are related to trading, how can we trade if we don't know the news about what is selling in the market. And news sometimes influences prices, this is crypto full of question marks, unexpected things can happen here
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