3 things should not be too in trading

[ashmodeus]

Trade too much



The trading volume is too large



Know too many methods

1. it depend on situation , sometimes, market movements can change suddenly. u know like some whales make a pump scenario to coins wich low volume, and posiblity we can take some profit from that if we can follow the whale's movements.

2. well, this might have a point

3. totaly agree about this one, sometimes, when u lose , u will think using another method , but with market conditions that are still the same , it doesn't help much.because basically you have used the wrong method when you first take action trading.it actually makes you seem inconsistent.

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[fullhdpixel]

I think for the 3 things that should be avoided when trading maybe the first, 1. Patience 2. Emotions and most importantly 3. don't let you be affected by the bad news, so I think this trait you should be able to avoid when trading cryptocurrency because it will make you lose if you can not control all three.

Your emotions are your enemies during business especially when you are involved into something as volatile as the prices of crypto currencies or the values of shares in stock market. As far as rumors are concerned, they are often spread on purpose to make the opponent deal with baseless problems in order to retain its customers.

When it comes to FUDs, I don’t think that should even be any problem to anyone to actually not be able to control, where the large problem is the emotion that is involved in trading, this is where many people fail a lot, because it stops them from having a clear direction on when to buy and when to sell because of some environmental factors.

The best way to actually control our emotion in this aspect is just to make sure that we apply some of these trading tools, which can help us to make decision. I am an emotional person and I will not deny that fact, several times that I had tried to control it by myself, I find it extremely difficult to do so, the only time that I am able to control my emotion is when I apply my stop loss and profit taking tool and I feel this is one of the very vital tool not to toy with.

[DaftAjax]

When it comes to FUDs, I don’t think that should even be any problem to anyone to actually not be able to control, where the large problem is the emotion that is involved in trading, this is where many people fail a lot, because it stops them from having a clear direction on when to buy and when to sell because of some environmental factors.

The best way to actually control our emotion in this aspect is just to make sure that we apply some of these trading tools, which can help us to make decision. I am an emotional person and I will not deny that fact, several times that I had tried to control it by myself, I find it extremely difficult to do so, the only time that I am able to control my emotion is when I apply my stop loss and profit taking tool and I feel this is one of the very vital tool not to toy with.

That isn't true. No matter what we do we can't really "control" entirely our emotions--it's our emotion, after all. What we can do is to manipulate(suppress) it. These tools are just methods/techniques in trading it doesn't really help--when we are trading we can feel excited/depress, but what we forget to do is to be confident in our trades. If you're confident enough: whenever you earn something you're satisfied and whenever you lose something you will not panic. Of course, this needs "getting used to", so practicing this kind of mentality will help you in your future endeavors in trading.

everyone has his own way of working and all individual have different skill-set. These two factors matter highly in the success of anyone. However, there are some simple rules that need to be followed by all sort of traders if they want to be successful. For instance, no one can make profits if he go against ‘Buy Low, Sell High’ strategy. In order to accomplish this, a trader must be patient and full of knowledge.

Yes, as they say, "to each their own". But that's not the only method we can do. Trading sites(applications) now uses an AI to do the trading for you, you will just going to set the amount to when you buy/sell, e.g. if the price would be $3k in the next 24hrs I will set it to buy x amount, then if the price would be $9k+ I will sell x amount.

[Polar91]

The trading volume is too large
--

It's somehow true but not applicable for anyone. Too large volume has a advantage for scalpers/day traders who are just targeting a minimal percentage profit in which they are using stop loss to protect their account losing too much since huge trading volume tends to be more volatile thus you have to execute your trades as quick as possible.  

[huige007]

Trade too much



The trading volume is too large



Know too many methods

1. it depend on situation , sometimes, market movements can change suddenly. u know like some whales make a pump scenario to coins wich low volume, and posiblity we can take some profit from that if we can follow the whale's movements.

2. well, this might have a point

3. totaly agree about this one, sometimes, when u lose , u will think using another method , but with market conditions that are still the same , it doesn't help much.because basically you have used the wrong method when you first take action trading.it actually makes you seem inconsistent.

I also think that whether to trade or not highly depends on the situation. Not only this, if someone has good day trading skills and can make even little profits on daily basis he should go for it. During the peaks of dumps and pumps, trading volume should always be as large as possible. For the last one, I think it would be enough to say that the more you know, the better you will survive.

[wxa7115]

Some peoples words don't matter to some. In trading we have different strategies that works for us. These strategies don't mean to work to all. This is why it is hard to comment on other traders when they are doing great. Multiple trades daily incurs many fees but so long as these traders are gaining and piling profits then they are doing great. I saw someone that have minimum of 10 trades daily in forex and he was doing great. He may lose some but he offsets it on his next trades.

It should be possible to comment on the strategy that other traders are using to make money and identify even if those strategies could be improved or if they generate profits at all, but most of the time that is not possible for two reasons, the first is that very few traders reveal their strategies because they are afraid that if they do someone is going to steal it and use it to generate money in the market and this could have the effect of their strategy not been as effective as before.

The second reason is that as surprising as it may sound many traders do not have a strategy that you can actually test, their strategy is very subjective and based on what they feel at that moment and it is impossible to test a strategy like that.

[Edraket31]

Some peoples words don't matter to some. In trading we have different strategies that works for us. These strategies don't mean to work to all. This is why it is hard to comment on other traders when they are doing great. Multiple trades daily incurs many fees but so long as these traders are gaining and piling profits then they are doing great. I saw someone that have minimum of 10 trades daily in forex and he was doing great. He may lose some but he offsets it on his next trades.

It should be possible to comment on the strategy that other traders are using to make money and identify even if those strategies could be improved or if they generate profits at all, but most of the time that is not possible for two reasons, the first is that very few traders reveal their strategies because they are afraid that if they do someone is going to steal it and use it to generate money in the market and this could have the effect of their strategy not been as effective as before.

The second reason is that as surprising as it may sound many traders do not have a strategy that you can actually test, their strategy is very subjective and based on what they feel at that moment and it is impossible to test a strategy like that.

Yes, we will have some sort of strategies, and it may the same to others, that is why it is so important to trade on your own ability after you have studied trading, start from small capital and try and try, as your experience will lead you to the right strategy that will fit to you, exchange platform is important too, so trade on a highly reputable exchange.

[DaftAjax]

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after you have studied trading, start from small capital and try and try, as your experience will lead you to the right strategy that will fit to you,

The very same strategy will not work every time. As others said, there are so many strategies. So why do you have stick on only one strategy just because it worked for you a few times? That's unlikely to veteran traders, their mindset and strategies, you could say, are also volatile. It differs from season to season. Later on, you will realize that as an experienced trader, it is crucial to use different strategies for different purposes for different ways in earning profits.

[arifteguhr]

Some peoples words don't matter to some. In trading we have different strategies that works for us. These strategies don't mean to work to all. This is why it is hard to comment on other traders when they are doing great. Multiple trades daily incurs many fees but so long as these traders are gaining and piling profits then they are doing great. I saw someone that have minimum of 10 trades daily in forex and he was doing great. He may lose some but he offsets it on his next trades.

everyone has his own way of working and all individual have different skill-set. These two factors matter highly in the success of anyone. However, there are some simple rules that need to be followed by all sort of traders if they want to be successful. For instance, no one can make profits if he go against ‘Buy Low, Sell High’ strategy. In order to accomplish this, a trader must be patient and full of knowledge.

The sentence you mentioned is actually a trick for novice traders who are learning. many times I see that there are indeed many who give that opinion. even though it is clearly detrimental to many people. and now it has been proven that many people are already aware that market analysis using indicators is accurate and valid when trading

[ufaiz50]

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

[Best Dreams]

Trade too much



The trading volume is too large



Know too many methods

1. it depend on situation , sometimes, market movements can change suddenly. u know like some whales make a pump scenario to coins wich low volume, and posiblity we can take some profit from that if we can follow the whale's movements.

2. well, this might have a point

3. totaly agree about this one, sometimes, when u lose , u will think using another method , but with market conditions that are still the same , it doesn't help much.because basically you have used the wrong method when you first take action trading.it actually makes you seem inconsistent.

I also think that whether to trade or not highly depends on the situation. Not only this, if someone has good day trading skills and can make even little profits on daily basis he should go for it. During the peaks of dumps and pumps, trading volume should always be as large as possible. For the last one, I think it would be enough to say that the more you know, the better you will survive.

Right, in trading you can win big and small both but you will not look down any kind of profit better increase your profit by increasing your knowledge but  always keep your mind open about the price change as buy low but don’t make quick decision to trade for short term it will be much better to trade for long term and make good profit.

[Kambal2000]

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

Having a lot of experience will be our weapon to get the success in trading, it takes time, a lot of effort, a lot of failure, frustrations, heart ache, head ache worst is also depressing, so it will be up to us how much we are willing to accept those failure and will be up to us if we will still continue or stop. Remember that, after the rain there is always a rainbow.

[Faxmate]

Trade too much



The trading volume is too large



Know too many methods

1. it depend on situation , sometimes, market movements can change suddenly. u know like some whales make a pump scenario to coins wich low volume, and posiblity we can take some profit from that if we can follow the whale's movements.

2. well, this might have a point

3. totaly agree about this one, sometimes, when u lose , u will think using another method , but with market conditions that are still the same , it doesn't help much.because basically you have used the wrong method when you first take action trading.it actually makes you seem inconsistent.

I also think that whether to trade or not highly depends on the situation. Not only this, if someone has good day trading skills and can make even little profits on daily basis he should go for it. During the peaks of dumps and pumps, trading volume should always be as large as possible. For the last one, I think it would be enough to say that the more you know, the better you will survive.

In my opinion, trading is more or less a matter of asset that trader has invested into and his skill-sets. For instance, the bitcoin holder can trade any time because it is the most volatile coin which means trader has always the opportunity to buy low and sell high. That is how day traders are able to make profits even during dips. But those assets that do not present good difference in value depend on time.

[supercanada1]

Some peoples words don't matter to some. In trading we have different strategies that works for us. These strategies don't mean to work to all. This is why it is hard to comment on other traders when they are doing great. Multiple trades daily incurs many fees but so long as these traders are gaining and piling profits then they are doing great. I saw someone that have minimum of 10 trades daily in forex and he was doing great. He may lose some but he offsets it on his next trades.

everyone has his own way of working and all individual have different skill-set. These two factors matter highly in the success of anyone. However, there are some simple rules that need to be followed by all sort of traders if they want to be successful. For instance, no one can make profits if he go against ‘Buy Low, Sell High’ strategy. In order to accomplish this, a trader must be patient and full of knowledge.

The sentence you mentioned is actually a trick for novice traders who are learning. many times I see that there are indeed many who give that opinion. even though it is clearly detrimental to many people. and now it has been proven that many people are already aware that market analysis using indicators is accurate and valid when trading

If it was just about indicators and some market analysis tools then all the traders would have been rich by now. You cannot use a tool when you do not possess the required level of knowledge to get benefit out of them. Nothing can replace skill-set and knowledge. Novices and experts both have same access to same weapons, then why it is that experts are far better at taking decisions?

[watergold]

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

Having a lot of experience will be our weapon to get the success in trading, it takes time, a lot of effort, a lot of failure, frustrations, heart ache, head ache worst is also depressing, so it will be up to us how much we are willing to accept those failure and will be up to us if we will still continue or stop. Remember that, after the rain there is always a rainbow.

So the trader must have experience in trading on the exchange, if I am still a beginner, I think you should am ready to lose, trading skills must be there, intelligence in understanding graphics must also be able to predict coins that will promise to be precise, because trading requires concentration, looking the correct exchange in great interest example: Binance is the world's top exchange that has real customers.

[Herry Toms]

Well, that is pretty ture and a great thing for those who are struggling with their poor trade Execution.

[Triffin]

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

The mental state of the trader is highly important. There are people who are involved in trading and are hell impatient; they are often seen experiencing a lot of losses. I often say that one shall do things according to his or her temperament. For day trading, you shall prepare your mind for hectic routine and often you are going to encounter troublesome situations while you are ready to make a deal.

[Edraket31]

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

Having a lot of experience will be our weapon to get the success in trading, it takes time, a lot of effort, a lot of failure, frustrations, heart ache, head ache worst is also depressing, so it will be up to us how much we are willing to accept those failure and will be up to us if we will still continue or stop. Remember that, after the rain there is always a rainbow.

So the trader must have experience in trading on the exchange, if I am still a beginner, I think you should am ready to lose, trading skills must be there, intelligence in understanding graphics must also be able to predict coins that will promise to be precise, because trading requires concentration, looking the correct exchange in great interest example: Binance is the world's top exchange that has real customers.

     all you said is true a trader must have all this. In trading we cannot rely on luck but we will have work for it and make ourselves a good one. Getting knowledge about trading should be the first priority then with care and intelligence we can trade with well known exchanges only and make sure the website we are using, must have good market value and before using just collect information about it.

Indeed, we should not just rely on paid signals, from our friends portfolio, from experts that we do follow in trading view, remember that they are just guidelines but let us have our own strategy, as we differ from time, capital and mindset. Still the best way is learning on our own and knowing the risk of it.

[Distinctin]

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

The mental state of the trader is highly important. There are people who are involved in trading and are hell impatient; they are often seen experiencing a lot of losses. I often say that one shall do things according to his or her temperament. For day trading, you shall prepare your mind for hectic routine and often you are going to encounter troublesome situations while you are ready to make a deal.

I'm actually one of them but I realize that is wrong and being an impatient person never achieve their goal.  For that, I eventually change my mindset and turn into positive one.  It was not strategies could be a center of trading but to look inside of us where it goes wrong or are we doing the right things as obviously there is something not right.  If that so,  we can evaluate that we are in the right or wrong track base of the results.

[arwin100]

The 3 things you shouldn't do in trading in my own opinion are

1. Don't trade if you don't know what you are into - Be informative on the latest happenings in the market especially if you aiming to buy some alts there a good research is needed so that you will not fall on dead or been trapped on dumped coins.

2. Never listen to the fuds sometimes there are sick people who spread fud news just to create panic to the newbie traders and if you been caught by them for sure you will miss the gold(profit) times or worse you lose your money.

3. Hand your money to the people who said they will trade for you and you will earned a percentage daily since a huge possibilities that they are 100% scam.