I am not lucky in trading - what am I doing wrong?

[Panslav]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

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[Lanatsa]

Sh*t happens everytime and volatility could f*cked us up anytime. You arent the only one who do experience such problem when we do talk about
buy high sell low or missed opportunities on when to sell or when to buy.Due to unpredictability of the market, its just normal to commit mistakes.
Advise? Try to learn on your mistakes, have a time to realize on what part have you done wrong. Dont focus on technicals because this isnt a precise
thing that you can rely on when it comes on predicting prices.

[Tytanowy Janusz]

You can read my point of view about TA and how to find your way in trading - https://bitcointalk.org/index.php?topic=4420866.msg39412664#msg39412664. It was written 1.5 year ago as my fourth topic here. So don't be too harsh

Key sentences:
"In this point of view the only method to earn on trading when you are not a whale is to swim with whales. Looking for them on market. Trying to find them in the sea of charts."

So after years of trading you know TA very well. If price acts not as it should (based on TA) you know that a whale put his fat finger on it and is eating TA lovers demand/supply. That's where i join. My trading style is based on searching whales. I'm more like a detective or whale poacher.

[youdacapt]

Fibonacci never touches the same trend at the same time, the range 6300-8000 still looks very strong today, all you need to make sure is where to test the next movement, and then match with your analysis, whether it has crossed the perfect resistance line or not, if it fails then you can again try to buy at the support line.

Aside from being technical, we also have to look at market psychology. or our speculation will never be close to true.

[leowonderful]

Fakeouts sometimes through what seems like strong support are also somewhat common with Bitcoin, even when it seems like volume's accompanying a strong break through a level. Seems like what's happened recently in hindsight is that an inverse heads and shoulders pattern formed on the 4H which has resulted in a break back upwards to the upper $7500s where we are now, and the ~$6500 level was also historical support from a large wick back in May of this year, which was a pretty significant level of support as the next ones are in the 5000s.

Movements like these are also why you want to place your stops a bit away from obvious levels of support and resistance as the price tends to run through these areas to catch stops and goes right back down.

[enhu]

How do you use volume as indicator?  I'm still not that good at trading but have learned some of the trading systems before and they weren't telling about volume being an indicator. BTC does have big volume whether the price is low. There are few indicators that you just need to learn to start but you know when they say shit happens, it does happen when you only understand by the simplicity when they say buy low sell high

[davinchi]

I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

Never ever trade based on only one strategy nor indicator. Have ever heard about "coinciding levels across strategies"? It is a strategy about confirming one strategy with another. When 2 different strategy indicate same signal then the chances for hitting will be high. When 3 or 4 strategy says similar thing then than will happen for 100% sure.

It seems you are wrong with your selection of analysis. Change that. Adopt a new startegy and test it in demo environment before risking with your actual capital.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

It is possible to predict but not exactly 100%. You miss some good rallies or 2 out of 10 trades may give you losses. But, when all your trades are going against you means you must need to STOP your trading immediately and must start working on finding new methodology for your trading.

[dunfida]

Fibonacci never touches the same trend at the same time, the range 6300-8000 still looks very strong today, all you need to make sure is where to test the next movement, and then match with your analysis, whether it has crossed the perfect resistance line or not, if it fails then you can again try to buy at the support line.

Aside from being technical, we also have to look at market psychology. or our speculation will never be close to true.

Technicals together with fundamentals is ideal compared on depending on a single spot.News and events does really have a role nor an effect when it comes to market movements.
Trying to catch up an entry on a pullback is suggested but you should know how to trace up lines or to those supports which you would plan to buyback.The hard part here is that
we cant predict if there would be a breakout or a fake out but the longer you've been trading you can gradually spot those opportunities.

[yanto@1977]

First you need use MACD to know where market will go. Second thing never change open position that not reach your stop loss/ take profit area because it will change your strategy. Last one, when you say enough ( loss/ profit ) just leave, meaning find your mistake and fix it, can't fix it leave now.

[shield132]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

What about to tell us when you decide to buy/sell and then let us do the opposite? This way we will profit and donate you some money for wrong predictions which was beneficial and correct for us.
Well, joke of course. OP to be fair the more you fail, the more it destroys your confidence and leads you to make more stupid mistakes. You think like you failed and you are bad in trading, maybe trading isn't your job, maybe - yes, depends on you. What about to try even more times but with very small amounts and record your % profit and loses? Do that for 2-3 months and calculate whether you did well or not. If you succeed, maybe try with higher amounts. Remember, trading also depends on luck and if you failed, it doesn't mean you failed, you just found that your strategy doesn't work and it's better to move on new one and think differently.

[Jating]

Obviously something is wrong with your personal indicators so I would suggest you better try a different method. I wouldn't say that you are not lucky, everyone here started their bitcoin trading journey losing money. But then they adjust plus the experienced they gain make them a better trader.

If I'm in your shoes so better hardened your TA, someone already pointed out a good thread to start with, so I advise you to go back and read that thread and equip yourself with knowledge. So best of luck to you.

[1Referee]

Fakeouts sometimes through what seems like strong support are also somewhat common with Bitcoin, even when it seems like volume's accompanying a strong break through a level.

I always wait for one or a series of candles to close before I take on a trade during low volume breakouts. It yields less percentage gains, but at least you reduce the odds of being suckered into a trade you will very likely regret.

The good thing about this market being so active is that you will always have another opportunity to take on a trade at some other levels, as so, you do not have to force yourself to take on trades every single time. I see it happen all too often that people just take on trades for the sake of trading, but that's a quick route to empty your balance. A good trader knows when to skip a trade.

[nydiacaskey01]

It looks like its not about luck, its about patience and you have to educate yourself in reading charts and graphs. You cant rely only on volume. RSi will tell you if the coin is overbought or oversold, expect changes if either of that reaches its limit. Learn to use Bollinger Bands, it will help you decide if the trend will continue. And patience, learn to have a lot of patience, if price drops and its not what you expect, just hold and dont panic.

[BigBoy89]

Well, not all people could be successful traders. I'm the live example

You could try, try harder. Reading more, playing with demo accounts, etc - to boost your confidence and error rates. My favorite book is old, but gold - Trading for a Living (Alexander Elder). Then, if it still not working for you, starts looking for other options like investing and lending.

[Mia44]

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

No one can fully predict the price behavior of any asset. I think that instead of focusing on predicting the price of bitcoin (something you can't do exactly) focus on building your own trading method.

[maxreish]

Have you tried using other indicators like RSI, Stochaistic RSI, Bollinger Bands other than volumes? Seems that you are misreading your indicator. If you are not sure when to buy or to sell your btc, you can confirm it to the other indicators like I have mentioned above.

On the other hand, I can see you are not that confident to yourself because you always had a bad entry and exit point. Determined your bad entries, it is not necessary to just rely on your own guts or your own prediction. That is why we need technical analysis for basis and to spot where we gonna sell or buy at the right time.

[alisonwonder]

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

No one can fully predict the price behavior of any asset. I think that instead of focusing on predicting the price of bitcoin (something you can't do exactly) focus on building your own trading method.

that's what happens to me, I'm always wrong when buying and selling, when I buy the prices is dump, but when I sell the prices is pump, this makes me a little weird. what a building trading method?

[KnightElite]

For me I do not consider luck in trading. I'm using technical analysis for me to forecast the price. You keep losing your money in trading because you are just basing your decision in pure luck. You need to learn the 3 analysis which is fundamentals, technicals and also sentiment analysis.

[topbitcoin]

Maybe not too confident with what we speculate make you more careful when pick an action. Especially if you said you only use Volume as indicator. Actually i see only from what i learn, not too hury to sell your bitcoin if you see bear trap. I mean in bear market, it is better to take a rest and start do trading when you see bull run come.

[crossabdd]

trading is not only about trading volume. there are other indicators, such as patterns, EMA, RSI, etc. about reading charts. and also fundamental analysis (looking for information and news about bitcoin. Some time ago I made a chart pattern for my friend who asked, when prices fell at $ 6700 then went up to $ 7100, after that I sent pictures and told me that the increase would reach $ 7500. And today this is proven by a pattern that I drew, so do an analysis at least about a pattern.

[Negotiation]

Many people already suggest you i just adding something you learned about cryptocurrency trading minimum 2-3year more than you start trade in ream market place not follow only indicator follow must technical analysis with news trade not shortcut man it's very hard. 

[Scotslass]

Maybe not too confident with what we speculate make you more careful when pick an action. Especially if you said you only use Volume as indicator. Actually i see only from what i learn, not too hury to sell your bitcoin if you see bear trap. I mean in bear market, it is better to take a rest and start do trading when you see bull run come.

I'd say your tactic can work only if you are long-term player.
For short traders there is no way to blindly buy/sell and still be in profit.
As I said you can choose simple tactics for long trading - for instance you buy 1 btc on $6800 and write down on paper that you'll sell if: 1. btc gets lower than $6600 2. btc gets higher than $7100.
Basic stuff, I know.

[Landak]

Your mistakes may be due to the emergence of a fear of excessive losses and fear of missing out on a moment (fomo), if you can do an analysis of the candlestick and look for updated news I am sure such mistakes will not be repeated again. And another problem is maybe you put all your money to be used as trading capital, so when there is an increase and decrease in prices like yesterday you started to panic. save fiat and save crypto, this is a good way too. when trading, try to be patient and don't panic.

[piebeyb]

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

there is nothing wrong with what you have done so far, you have been trading for a few years, you should have learned a lot like me, before I was like you experimenting in trading and it took me about 3 years to understand the market from looking at other trading volumes, bitcoin is always predictable you need to learn it a little bit, I give advice focus on that trading does not always prioritize profits always prioritizes learning

[Harriti]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

You are not wrong, you are doing right. because everyone has their own strategy and unfortunately your strategy is not working right now. You know, the crypto market is full of manipulators and it can cause the price of a coin to rise more than 30% within a few hours. so if you feel too risky, you should not trade immediately. Keep researching the market and come up with a new strategy, maybe you will be more successful.

[DeathProxy]

I guess you need to change your approach towards trading. This is my approach that have been working for me maybe you can read and learn from i so you can make your own adjustment .

- dont go in with a FOMO mindset despite project having a super gold status
- dont buy in ico wait to launch and buy at lowa after investors dump
- Buy project with usecase and workable product
- crypto is at least 5 years in adoption so take profit at interval and never love a coin.
- crypto always gives time to buy at low so never go into fomo and buy on high wait for a good entry point

[Getmon]

It is because trading is not about luck, or perhaps mostly not about luck. 99% of trading is about how good you are in using your tools, analysis, and fundamentals. But even if you are good enough, it is still not a guarantee that you will end up right all the time. Most of the time, the market is really beyond the prediction of traders. You can always predict the prices of Bitcoin but your prediction will remain as a guess.

[clickerz]

Have you tried using other indicators like RSI, Stochaistic RSI, Bollinger Bands other than volumes? Seems that you are misreading your indicator. If you are not sure when to buy or to sell your btc, you can confirm it to the other indicators like I have mentioned above.

On the other hand, I can see you are not that confident to yourself because you always had a bad entry and exit point. Determined your bad entries, it is not necessary to just rely on your own guts or your own prediction. That is why we need technical analysis for basis and to spot where we gonna sell or buy at the right time.

Yes, @OP should learn this indicator. It is better to learn more indicators so that when In doubt you can verify another indicator. Also, be aware that trading has losses too, not all trades are gainful. But, by learning some tools, you can minimize your losses. Study more resources and practice.

[Soots]

It is because trading is not about luck, or perhaps mostly not about luck. 99% of trading is about how good you are in using your tools, analysis, and fundamentals. But even if you are good enough, it is still not a guarantee that you will end up right all the time. Most of the time, the market is really beyond the prediction of traders. You can always predict the prices of Bitcoin but your prediction will remain as a guess.

You can't merge luck with reality on trading, because we're doing that for money and this isn't to be associated with gambling. When we say its a lucky profit, then it's somehow the same with betting. Here in trading, it's our skills that matter oftentimes so you should be responsible to make your future great in trading.
If you think it's not a lucky decision, make it a perfect one because it isn't just luck but a sustainable wealth if given a by chance.

[Panslav]

Many thanks for so many replies.
But still I do not understand how someone can successfully predict btc movement with use of TA. Just look at the situation from 11 of november. In 6 hours price dropped from 9050 to 8600. What showed in the beginning fall of price? RSI not overbought, OBV in line with price... even after fall to 8940 usd rsi showed oversold. And of course we are looking to past, so we know how the situation finished, but in the moment of price fall, how do you know if to sell ( price will keep falling ) or buy ( because it is the bottom) ?
I would really like to understand this.


https://i.imgur.com/kl4rKyQ.jpg

[Free1bitco.in]

trading is easy, just looking for the right time to sell/buy it is very difficult. many people have stopped because they are always panicking with what's happening. one thing you don't do is try to hold on in the long run.
if I'm not mistaken, what you do is short-term trading. the time range that happened when the bitcoin price of $ 7000 then dropped to $ 6500 and went back up at this price not so long ago, so I feel you might have the emotions of FUD, or FOMO. in trading, that is the main problem. if you still have assets now, try to calm down and wait until 2020. many people are speculating that prices will pump that year, and I think so too.

[joshy23]

Have you tried using other indicators like RSI, Stochaistic RSI, Bollinger Bands other than volumes? Seems that you are misreading your indicator. If you are not sure when to buy or to sell your btc, you can confirm it to the other indicators like I have mentioned above.

On the other hand, I can see you are not that confident to yourself because you always had a bad entry and exit point. Determined your bad entries, it is not necessary to just rely on your own guts or your own prediction. That is why we need technical analysis for basis and to spot where we gonna sell or buy at the right time.

Yes, @OP should learn this indicator. It is better to learn more indicators so that when In doubt you can verify another indicator. Also, be aware that trading has losses too, not all trades are gainful. But, by learning some tools, you can minimize your losses. Study more resources and practice.

That's agreeable since volatility is always present inside this market you need to have the right tools to base your position, it's hard but if you are following the right path then chances to earned from this industry is possible. Acceptance also have to be in your mindset it will add good judgement, if you lose one of your position then move forward and continue trying to learn more be positive and see things in the right perspective.

[Goodvalony]

it is either you choose to a short term trader or a long term. if you ever buy high, give it more time and wait. no matter how long, with it will definitely go back up. then you can sell. but if you regret your move and sell short. that is a double damage. you might loose everything. your money and bitcoin. why  not wait for the price to go back up. then you can sell again.

[carlfebz2]

~snip~

When dealing with indicators it is somewhat hard.You would really have those kind of questions in mind on why it went wrong.
What tools/indicators youve been using?If its just support and resistance line then you are targetting those lines for possible
break outs and bounce back then these kind of trading is really stressing.You cant be sure if price would go through or would
recover but somehow if you do lost up some position you can set stop loss.Why not try on swing type of trade?

[barota]

if you already holding bitcoin since bull run of last halving  for sure you dont lose anything but if you sell then buying again you already lose ; when you hold bitcoin for long term  you will make profit without doupte ;for example this is the good time for invest in bitcoin even for new  investors

[Shasha80]

In my opinion there is nothing wrong with what you do, sometimes bad events like to happen suddenly. Something like that can
happen to anyone, not only you are the one who often experienced it. Almost everyone must have experienced it, I think you were
just unlucky related to this. Just be patient, and do not despair with the incident. Later  will we find a way to overcome this problem.
To be honest, it is sometimes as good as any analysis we have done, the final result is not ours to determine. And also the volatile
bitcoin movement really likes to change suddenly. So we really need to be careful in every decision we make.

[topbitcoin]

Maybe not too confident with what we speculate make you more careful when pick an action. Especially if you said you only use Volume as indicator. Actually i see only from what i learn, not too hury to sell your bitcoin if you see bear trap. I mean in bear market, it is better to take a rest and start do trading when you see bull run come.

I'd say your tactic can work only if you are long-term player.
For short traders there is no way to blindly buy/sell and still be in profit.
As I said you can choose simple tactics for long trading - for instance you buy 1 btc on $6800 and write down on paper that you'll sell if: 1. btc gets lower than $6600 2. btc gets higher than $7100.
Basic stuff, I know.

Maybe yes, people who not know about technical analysis in trading, long-term can be solution. At least while we do long term trading, we can learn first about how to do short or maybe daily trading well. In case OP said that he only use volume as indicator. Because whatever strategy that we do, what we aim in trading is profit. The only problem is only how to get best strategy that fit on us.

[aardvark15]

I have fallen in to these same traps. For me the answer is long term trading only. Right now I would consider buying only because the price seems relatively low and I think it will go much higher later. If I do buy and the price drops, I won’t sell but I will consider buying more.

[maydna]

I have fallen in to these same traps. For me the answer is long term trading only. Right now I would consider buying only because the price seems relatively low and I think it will go much higher later. If I do buy and the price drops, I won’t sell but I will consider buying more.

I guess many of us have those experiences, even myself. He needs to learn more about the indicator, analyze the chart in many interval times so he can know where the bitcoin price wants to moves. But I suggest he not try to make a big profit if he cannot do that because that will be too difficult to determine the right time to buy and sell bitcoin. It is better to make a small profit, but he can do that over and over than to make the profit at one time only because I guess that his profit will be bigger than in the one time profit.

[gabmen]

that happens to a lot of people, not just to you. Just continue to practice trading with small amounts. When you average the times that a traders missed the right buy or sell point, I think most of us are more in the negative. Trading will test your patience and sometimes it will seem that you're just out of luck. Good traders set this aside and continue to learn. If you want to be an efficient trader, then you shouldn't  let setbacks dictate your general outlook towards trading. It's a continuous learning process.

[arwin100]

that happens to a lot of people, not just to you. Just continue to practice trading with small amounts. When you average the times that a traders missed the right buy or sell point, I think most of us are more in the negative. Trading will test your patience and sometimes it will seem that you're just out of luck. Good traders set this aside and continue to learn. If you want to be an efficient trader, then you shouldn't  let setbacks dictate your general outlook towards trading. It's a continuous learning process.

Correct and he shouldn't lose hope for those loses since he might gonna come up with an idea on how to trade properly by those experience and the only thing he need to do is to prolong our patience,learn the statistical movements of the market and deprive our fear aswell extend our patience on it since if we master it for sure a lots of income will come unto us.

But also maybe if he don't have enough bankroll for possible losses maybe I suggest it to him to use the site who offered trial phase or maybe just monitor and learn the market flow.

[miningguru]

I have fallen in to these same traps. For me the answer is long term trading only. Right now I would consider buying only because the price seems relatively low and I think it will go much higher later. If I do buy and the price drops, I won’t sell but I will consider buying more.

Yes, long term trading will be the best option instead of selling them in the short term. Price is dropping hugely when the price of Bitcoin is fluctuating, and it is not the right idea to sell them, but the best option is to buy the coin whenever the price drops and it will surely help us to protect us to make a profit when the price starts recovering again.

[Murat]

Don't think like this way, it's not a matter for you, it's a general issue for us who love trading, In recent time, the trading segment is not going well because of the market, it's true that you have to face such type of time because of having some personal indicator or emotional decision, either your analysis part wasn't enough to get a good result or you made decision based on your emotion so far, I know a lot of people who have lost a huge money by trading but those are not stopped yet, They made another attempt to make a good trading, in this way they are gaining profit from trading, so don't lose your hope.

[nicolas1979]

You only need to evaluate your strategy and mindset, because the biggest mistake is in there. Trading is not easy, need fund and time that maybe you only get experience not profit. Trading has purpose grow up fund not profit because have big fund make your step easier than before. Try to find your mistakes and never let other people make you down, good luck to you.

[Savemore]

What do you mean luck? Are you basing your decisions just because of luck? I think it is the problem why you lose in trading. You do not have effective analysis because your basing your decision base on luck. Change that poor mentality in order for you to improve your mindset while trading.

[cryptoloverlife]

What do you mean luck? Are you basing your decisions just because of luck? I think it is the problem why you lose in trading. You do not have effective analysis because your basing your decision base on luck. Change that poor mentality in order for you to improve your mindset while trading.

Yes, you are right some time our mindset will help us to hold the coin, but suddenly things will change, yes, even though we don't have a higher set of knowledge towards trading, but surely we should always react on time, sometimes it is based on the luck we have towards the market.

[mrBTCman]

I understand your problem. Honestly, I guess most traders do. The fact that you haven’t learned trading doesn’t necessarily mean that you are not fit for this activity. Maybe, you gust need to re-think if sources of knowledge that you use are good. How well do you know the situation on the market? In case if you can’t say which crypto coin has been the most volatile, use bots that will help you keep in touch with reality – https://t.me/CexIoInfoBot. Read the most important crypto news on sources like this one – https://cointelegraph.com/tags/cryptocurrencies and practice a lot. Wish you luck.

[Shimmiry]

I understand your problem. Honestly, I guess most traders do. The fact that you haven’t learned trading doesn’t necessarily mean that you are not fit for this activity. Maybe, you gust need to re-think if sources of knowledge that you use are good. How well do you know the situation on the market? In case if you can’t say which crypto coin has been the most volatile, use bots that will help you keep in touch with reality – https://t.me/CexIoInfoBot. Read the most important crypto news on sources like this one – https://cointelegraph.com/tags/cryptocurrencies and practice a lot. Wish you luck.

Not all traders are starting to earn a lot of money and profit because sometimes even you are knowledgeable about the capital, some unexpected issues may happen when you are trading. I think it is better if you know how to read graphs properly even you know how to sell, but sometimes the wrong prediction can cause a loss of income. One of the best ways to earn is understand when you sell and buy coins and if you are decided to wait better to hold your coins. You can explore more about some techniques.

[Gheka]

You only need to evaluate your strategy and mindset, because the biggest mistake is in there. Trading is not easy, need fund and time that maybe you only get experience not profit. Trading has purpose grow up fund not profit because have big fund make your step easier than before. Try to find your mistakes and never let other people make you down, good luck to you.

I don't think the biggest mistake is in his thinking and strategy, the biggest mistake is in the way he thinks about trading and blaming luck, he does not admit knowledge weaknesses and the assessment of his failure is because he has no luck. As you said, trading is not easy, we need to try to understand more about it every day, if we fail, unlucky is probably part but deep in it, that's how we enter the market, we really don't do anything wrong here, we're just going in the wrong direction, using inappropriate methods, and just adjusting, success will come.

[AliMan]

that happens to a lot of people, not just to you. Just continue to practice trading with small amounts. When you average the times that a traders missed the right buy or sell point, I think most of us are more in the negative. Trading will test your patience and sometimes it will seem that you're just out of luck. Good traders set this aside and continue to learn. If you want to be an efficient trader, then you shouldn't  let setbacks dictate your general outlook towards trading. It's a continuous learning process.

Correct and he shouldn't lose hope for those loses since he might gonna come up with an idea on how to trade properly by those experience and the only thing he need to do is to prolong our patience,learn the statistical movements of the market and deprive our fear aswell extend our patience on it since if we master it for sure a lots of income will come unto us.

But also maybe if he don't have enough bankroll for possible losses maybe I suggest it to him to use the site who offered trial phase or maybe just monitor and learn the market flow.

How can we learn to trade with that ways you meant to be? Since the market hasn't able to come up at good value ever since crashes unfortunately dragged down all potential rising coins. Your advise is somehow a good strategy in getting the trial phase, but maybe I'd be doing that when crypto markets starts to recover. Meanwhile, I would try to focus on holding my asset even though it was not yet increasing at good value; at least there's always a chance while seeing cryptocurrency is trying to recover right now.

[pundit]

Trading is actually one of the toughest task to do. Many people say "Trend is your friend" but catching trend is again not easy, once you are in, managing the position is something that needs more more attention. Trading should be done with proper planning.

1. First of all you need to have some strong base to take a trade, what are the market conditions that make you to think to go long or short.
2. You should have already calculated risk and reward. What do you get if this trade hit TP and what do you lose if it SL.
3. Keep emotions out of trading.

Practice on demo or very small account, once you skills get sharpen then only come to trade a real account.

[AbuBhakar]

Practice on demo or very small account, once you skills get sharpen then only come to trade a real account.

Simulators applications are good to try, we have real time market but not real money at risk. Sometimes it makes me regret not investing or trading when I use it in simulator. When you already understand the market and those techniques we practice in simulators that the time to risk by ourselves.

[Captain_CryptoMan]

I have also been in loss was in market since 2018 and was still holding when I bought the BTC at bubble...

Now I am doing SIP in bitdroplet.com/ around 15$ a month for long term investment to reduce my loss using DCA (Dollar cost averaging) technique...

[ChrisPop]

Luck is a very small part of the trading game. You see.. trading is one of the hardest activities in the world. If it was easy everybody would be making tons of money and living in palaces. There are certain skills that you need to master before considering yourself able to make constant profits from it. Those are technical analysis, risk management and controlling your emotions.

[gabbie2010]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

Relying on volume indicator might not depict the over picture of the market thus resulting to your buying and selling at the wrong time, more so indicators do lagged with the price thus you might need one or two more indicators while taking your time to learn price action this would enable you not to be too much dependence on indicators there are countless numbers of valuable materials on the internet on price action which can serve as a guide to aid your trading journey.

[akmal1984]

Luck is a very small part of the trading game. You see.. trading is one of the hardest activities in the world. If it was easy everybody would be making tons of money and living in palaces. There are certain skills that you need to master before considering yourself able to make constant profits from it. Those are technical analysis, risk management and controlling your emotions.

It's not like we want to buy or sell goods whose prices tend to be stable or still within our estimates, yes. Trading really needs everything you say. Plus we must continue to learn and update the latest information at all times. So it's not like we buy a coin from ICO for example, then we hope that the price will go up. Trading is more complicated than that. And it will be very interesting if we really are professional in carrying out its activities

[wxxyrqa]

I have also been in loss was in market since 2018 and was still holding when I bought the BTC at bubble...

Now I am doing SIP in bitdroplet.com/ around 15$ a month for long term investment to reduce my loss using DCA (Dollar cost averaging) technique...

If you take into account investments in Bitcoin at the end of 2018, then this is almost a very profitable investment, compared to the prices that exist today.  But I did not understand the topic that you are talking about.  What do you mean that you spend $ 15 each month to buy bitcoin?  If so, then this is indeed a very good strategy to minimize your losses.  But it seems to me that $ 15 for such manipulations will be a very small amount.  Or did I misunderstand you?

[Capt00]

I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

I believe that you have already the key factor to succeed in trading but quite to say that you shouldn't just consider the market volume alone instead, you might consider also the factors that could affect the market trend. Believe it or not, even though you are using a basic strategy (buy/sell) you will also make money on it. The only thing that I might see is that you don't have patient, you easily get bothered when the price moves down after buying that push you to sell and lose.

[Oilacris]

I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

I believe that you have already the key factor to succeed in trading but quite to say that you shouldn't just consider the market volume alone instead, you might consider also the factors that could affect the market trend. Believe it or not, even though you are using a basic strategy (buy/sell) you will also make money on it. The only thing that I might see is that you don't have patient, you easily get bothered when the price moves down after buying that push you to sell and lose.

Even using the most basic strategy would really make some money if the said goal or target would be reached but this isnt always the case or would be needed from time to time.

Always consider to enter and sell out on a specific time if you do like to be profitable. Emotion is one of the factor that do affects our decisions towards it so we should really need to somewhat get rid
of this emotion if we do like to progress on our trading activity.

[Mumbeeptind1963]

It looks like its not about luck, its about patience and you have to educate yourself in reading charts and graphs. You cant rely only on volume. RSi will tell you if the coin is overbought or oversold, expect changes if either of that reaches its limit. Learn to use Bollinger Bands, it will help you decide if the trend will continue. And patience, learn to have a lot of patience, if price drops and its not what you expect, just hold and dont panic.

I am not an expert trader but, you cannot rely on volume only, I think there are some pictures in the internet that shows different pattern, by just observing the candlestick, and I think it is the best and easiest way for like us that is still learning in this market. Also, do not put all your asset in just one order, I mean you need to split it in a little higher than the last bid and little lower than the last bid, it is the easiest way that Im doing sometimes, I advice that you need a lot of patience in order for you to learn, one step at a time, read and watch trading tips online.

[jazmuzika217]

I think you need to be updated about news about bitcoin when you use it as a trading coin. You are not wrong timming but I can say that you are not knowledgable enough about proper trading of your coin. You need to monitor every changes and movement of bitcoin price because all we know that it is the key to make good decision when to  stop or to make additional investment.

[Inkdatar]

I think you need to be updated about news about bitcoin when you use it as a trading coin. You are not wrong timming but I can say that you are not knowledgable enough about proper trading of your coin. You need to monitor every changes and movement of bitcoin price because all we know that it is the key to make good decision when to  stop or to make additional investment.

Actually, this happens to others not lucky during trading selling at the price you desired then suddenly it goes up without expecting the market to increase. That’s a plus to monitor the movement of  certain coins but take note we cannot predict the price. I’m not also good at trading but this failure makes us next time to do good during trading.

[Amel]

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

There is nothing wrong according to the basic theory but you just lack experience in trading, there are many aspects of consideration to determine when we have to OP, TP, CL. Your mistake is only to focus on one strategy, the support line, but you don't consider other aspects that can affect the market. I myself usually use a lot of judgment to make decisions, whether fundamental or technical.

[binhvo1505]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

I think this happened because of your inexperience in identifying market trends and market corrections. This is one of the very basic things that traders need to know and master it well before trading with large amounts of money.
As far as I know, when bitcoin falls sharply at some point, it will certainly have a correction. it happens because the crowd thinks that this is the bottom of the market at this point so they will continue to be stronger. and you should take advantage of that opportunity to sell bitcoins, not when they have just hit the bottom.

[iv4n]

First is your bankroll, learn how to manage it. I give an example, you have 1000 dollars and you plan to trade. Buy when price is red sell when is green, sounds easy right, but don't buy with all the money you have, buy for 100 dollars, that is 10% of your amount. If price dips more buy again, again 10% more or less, and like that as long as price goes down, when it hit green for the first time you will see can you sell some amount like 5%, depends on green and profit, if it goes up after that sell again, if it goes down buy again. Be patient and don't forget at what price you bought so when you sell to be in profit, not loss. With bitcoin trading I never cut loses and price always bounce back after some time.

[quarkfx]

many times opposite happens and nothing works all we can do at this time is trade less , takes less risky trades , many traders have statement when I enter trend changes and go against , don't force yourself to take trades wait for setups which your are good at , every trades don't work out

Don't trade with fear

[naikturun]

Yes it is not possible to predict the full price BTC, BTC Price can go up and down very fast.
So if you intend to make a daily trade, when it is getting a direct profit selling does not matter when the price rises again.
You can buy when the price goes back down, although it is uncertain when you buy the price going up

[Hamphser]

many times opposite happens and nothing works all we can do at this time is trade less , takes less risky trades , many traders have statement when I enter trend changes and go against , don't force yourself to take trades wait for setups which your are good at , every trades don't work out

Don't trade with fear

It is said that "he who trade with emotion shall suffer" (idk who said that, i just made it up )
But anyway, it is useless if you do trade with your emotion because there are times that you can't control your emotions and the shit happens will always follow. That's why we have to trade when we are ready not when we want to chase those losses.

[bandungan]

Do you use indicators that you trust to analyze the trading? I thought maybe you were just wrong in predicting and reading price movements. so you don't get profit. the best way is that you should try to be better at seeing market conditions, price chart movements and so on before deciding on the next step

[cotton ball]

If not lucky with trading you can try investing on ICO or IEO, there are do not have system like trading on altcoin but you only check which one potential and serious for building their ICO and IEO have higher price after listing on exchange market, you can get much profit if invest with good ICO and IEO because after coin listing on exchange have higher price.

[AakZaki]

as a beginner trader you must learn to use RSI and Parabolic SAR as a reference when to buy and sell.  and you have to be patient, don't ever panic when trading when you already get profit, immediately take it, the most important thing is never to be greedy, it will make you regret that you can't sell at high prices.  remember price movements are volatility.

[Webetcoins]

that happens to a lot of people, not just to you. Just continue to practice trading with small amounts. When you average the times that a traders missed the right buy or sell point, I think most of us are more in the negative. Trading will test your patience and sometimes it will seem that you're just out of luck. Good traders set this aside and continue to learn. If you want to be an efficient trader, then you shouldn't  let setbacks dictate your general outlook towards trading. It's a continuous learning process.

Correct and he shouldn't lose hope for those loses since he might gonna come up with an idea on how to trade properly by those experience and the only thing he need to do is to prolong our patience,learn the statistical movements of the market and deprive our fear aswell extend our patience on it since if we master it for sure a lots of income will come unto us.

But also maybe if he don't have enough bankroll for possible losses maybe I suggest it to him to use the site who offered trial phase or maybe just monitor and learn the market flow.

How can we learn to trade with that ways you meant to be? Since the market hasn't able to come up at good value ever since crashes unfortunately dragged down all potential rising coins. Your advise is somehow a good strategy in getting the trial phase, but maybe I'd be doing that when crypto markets starts to recover. Meanwhile, I would try to focus on holding my asset even though it was not yet increasing at good value; at least there's always a chance while seeing cryptocurrency is trying to recover right now.

During the downfall season, it is preferred to increase the amount of asset as it is available at lower price but holding is also a way to survive through such situations. It is better than panic selling. The days are going to be change. Moreover, if you are holding bitcoin and start day trading with it then no matter what the situation of market is, you will be making profits. Learn basics of trading and bitcoin.

[SvonioneFromMangoCoinz]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

I have encountered many cases like you and myself, now also having this problem. It's really hard to deal with and it often makes us very sad and feels like we lack confidence. But don't worry, everything will end when you give up really. Try to understand the ways to identify the peak and the bottom, it will help you a lot in making more accurate decisions and less risk.

[maydna]

I have encountered many cases like you and myself, now also having this problem. It's really hard to deal with and it often makes us very sad and feels like we lack confidence. But don't worry, everything will end when you give up really. Try to understand the ways to identify the peak and the bottom, it will help you a lot in making more accurate decisions and less risk.

Everything will be better soon, all we need to do is never stop and still having an effort to learn more about trading so we can trade with right and we can improve our skills. Although it is difficult to learn any lesson, as long as we can try to learn, I am sure that in one day, we will understand the point of every lesson. We can identify market situations with learning from some lessons, but if we don't learn anything, I am afraid that we cannot do that so we can get lost again and again. One day, you will know when the right time to buy and sell so you can try to recover your loses and make a profit.

[EdenHazard]

as a beginner trader you must learn to use RSI and Parabolic SAR as a reference when to buy and sell.  and you have to be patient, don't ever panic when trading when you already get profit, immediately take it, the most important thing is never to be greedy, it will make you regret that you can't sell at high prices.  remember price movements are volatility.

Oh well congratulations you just give a newbie some lights! , at least provide a little bit explanation about what you have mentioned above about RSI and SAR itself.
But here lemme tell you something who wondering about these RSI and SAR .

RSI = Relative Strength Index
Is one of many popular technical trading tool
It's an indicator to evaluate the strength of the market.
To identify the overbought or oversold in the market.

Trading is not about being lucky or not indeed , you need to continue compounding knowledge and put it into action. Not only compounding the asset itself!

[zeze18]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

that means you're trapped by the whale strategy, you shouldn't make a decission by looking at the current market position, you should determined your buying area and selling area before enter the trade and you also have to not FOMO by the agility of market movement because that is what whales want.

[Andrew Parker]

This is what I often feel but I have realized that if it’s about me being lucky, then there is no way I can succeed in long run. So this is where we need to be wise with our approach. I find it easier with FreshForex to be somewhat lucky. And that with their 101% Tradable Deposit Bonus, which at least gives me room to work with comfort.

[msarro]

I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.

[joshy23]

I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.

There's always different opinions regarding to this strategy, long and short term traders have their own ways on how they will take the advantages to earn out from this business, it's difficult to predict the price and how the market will move but if you do have a good system to track what will be the next market trend then the chance that you will able to benefits is always possible. It's your choice in how you will make your way to succeed.

[supercanada1]

many times opposite happens and nothing works all we can do at this time is trade less , takes less risky trades , many traders have statement when I enter trend changes and go against , don't force yourself to take trades wait for setups which your are good at , every trades don't work out

Don't trade with fear

A trader must not look for a particular situation that he will trade in but develop the ability to trade in all sort of seasons. With the first approach, his trade automatically gets limited because the market wont remain the way he looks for. In addition to this, if the loss is not the outcome every time he trades, then this is pretty okay because all of us are destined to come across failure in our lives. Just learn from the mistake and move on.

[tambok]

many times opposite happens and nothing works all we can do at this time is trade less , takes less risky trades , many traders have statement when I enter trend changes and go against , don't force yourself to take trades wait for setups which your are good at , every trades don't work out

Don't trade with fear

A trader must not look for a particular situation that he will trade in but develop the ability to trade in all sort of seasons. With the first approach, his trade automatically gets limited because the market wont remain the way he looks for. In addition to this, if the loss is not the outcome every time he trades, then this is pretty okay because all of us are destined to come across failure in our lives. Just learn from the mistake and move on.

Failure were just a test for all of us, this is not a hindrance for us to become successful, but instead, it will be our motivation that no matter what we will never give up, trading is not that easy job, we need time, patience, sacrifice, we will encounter a lot of losses, we will cry sometimes but once we overcome it all, we will have a brighter future in trading and it will be an easy battle for us once we have overcome it.

[Xxmodded]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

Maybe your source income not come from trading, you have upgrade you trading skill to get much profit whit your next chance, every thing can be change to learn with trading system and looking which one good coin for investing, you need ask at the forum and check their social media account from your coin investing, have new information there or not about their coin update.

[TIDOVEE]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

i can see you are a newbie , i guess you planned to major on trading for you to have run here with this rank to get help. you need a lot of knowledge to start trade and be successful about it. insufficient knowledge has affected alot of people here. that bitcoin is volatile should first be on every traders mind, price value is never stable, but what yon need to do is set your selling/buying prices at your targeted value, to sell at set time.
 

[anume123]

If you are not lucky in trading it should be a big lesson for you to stop. If you want to earn for long term try to invest bitcoin and hold until it goes up. Somehow it can help you to manage and watch the flows of the market.

[Aikidoka]

I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.

Holding bitcoin is really, I mean, if we really like holding bitcoin and buying time to time during 2019, we"ll end up getting 50% profit by now. I meant long term investment in bitcoin is really so good, but also if you're good at trading and you'll have a little bit of luck you'll even make more profit in short term periods. It's all about your knowledge, the good decisions and a little bit of luck.

[wxa7115]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

Your very first problem is your mindset, the title of your thread seems to indicate that you believe that luck has anything to do with it and you could not be more wrong, this is about skill, and you need skill to read the markets correctly and make profits in them, so the very first thing that you need to do is to correct that kind of thinking and until you do I can assure you that you will never get profits.

I have a question for you, do you keep very detail records about what you were doing and what you thought when you made those trades? If you do, could you tell us what happens if you do the opposite of what your current system is telling you, do you earn any money if you do this? Because if you do then you already have a winning system you just have been using it backwards.

[Karmakid]

In my honest opinion, there is no luck in trading. If you are not feeling lucky then there is something wrong with you. The wrong in you is you expect to be lucky in trading where trading does not work in that way. Trading requires skills and patience so a particular trader can battle with the other trader in the market and wins and take home the money. Change your mindset.

[clickerz]

If you are not lucky in trading it should be a big lesson for you to stop. If you want to earn for long term try to invest bitcoin and hold until it goes up. Somehow it can help you to manage and watch the flows of the market.

I think it's better to review @OP's strategy. Sometimes trading needs your focus and passion plus the knowledge doing it. But sometimes even if you are doing your best, the outcome does not come out as expected. That's why its better to always learn those different technical analysis tools.

[DevilSlayer]

You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.

[TitanGEL]

In my honest opinion, there is no luck in trading. If you are not feeling lucky then there is something wrong with you. The wrong in you is you expect to be lucky in trading where trading does not work in that way. Trading requires skills and patience so a particular trader can battle with the other trader in the market and wins and take home the money. Change your mindset.

The reason why you cannot win in trading is because your idea and your mindset. Do you think luck will help you? Of course no. Your decisions are not good because you are just trading with your luck. You will keep losing in trading if you do not have plan and risk management where you are do not how to cut loss.

[wajik-tempe]

You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.

I'm not aggree, we need luck to success in trading especially cryptocurrency trading because the price often beyond technical analysis and could pump and dump just in hours. The price could be pump and dump by the whales. You need luck to follow the wave in a correct direction unless you're the whale.

[iram3130]

The market is not always predictable on the basis of support and reject areas. There are many cases where people never knew what they are getting into. I am a long term hodler and buy coins which has some quality, many of my trade gone wrong because its hard to predict. Be cautious and trade only if you can afford to lose the money.

[Apened]

The main thing in trading is applying your strategy, it will work as long as you know what you are doing, besides selling when the market is already near the bottom is definitely not a good thing as it will only make you lose your money. You should have a good understanding of what you're doing trading is now only entering the market when it is red therefore a timing it is. Supposedly a ahort entry is good when it is near top or resistance and buying when it ut near the support area.

[semobo]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

You are just gambling with your bitcoin in the name of trading but you should make analysis in the right way on your own for that you can use indicators.If you have no knowledge about technical analysis and never wanted to learn then don't do trading in short term just buy bitcoin and sell them when you reached enough profits.

[Emitdama]

I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.

Very true, it's very hard to generate profits in daily or hourly trades because the bitcoin market is volatile and you need to be very lucky if you are trading with price and looking to sell and buy within hours. I have done that and it's almost like gambling when you try to make profit making trades within hours and even days.

The best way I personally felt when trading and still feel is that you buy at any price on the current market and just wait and wait until it goes up, I can promise that no one literally no-one can confirm when price will go up or down. So just sit tight and have patience once it goes above what you buy then just sell it don't get greedy.It takes 10-12 days to gain some profit but works well.

[sayaya17]

Trading mistakes don't just happen to you, I often experience things like that, sometimes buying bitcoin becomes a height, if it turns out bitcoin is getting lower. Yes it is natural to happen because the ups and downs of bitcoin are sometimes wrong in predictions because they are too volatile, even though we actually see movement on the graph every day, but sometimes like to miss.

[Lecam]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

I think need a good timing for that one you need to buy bitcoin now and i know bitcoin goes up. Very hard to get a timing when buying bitcoin because we don't know when bitcoin goes down and up. The best thing you can do is follow your instinct or your feeling when you gonna do it. Because investing in bitcoin is most good decision that you make. Bitcoin can goes up the price anytime. So be smart and think positive always.

[ChronoLite]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

[milewilda]

I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.

Very true, it's very hard to generate profits in daily or hourly trades because the bitcoin market is volatile and you need to be very lucky if you are trading with price and looking to sell and buy within hours. I have done that and it's almost like gambling when you try to make profit making trades within hours and even days.

The best way I personally felt when trading and still feel is that you buy at any price on the current market and just wait and wait until it goes up, I can promise that no one literally no-one can confirm when price will go up or down. So just sit tight and have patience once it goes above what you buy then just sell it don't get greedy.It takes 10-12 days to gain some profit but works well.

People do have different mindset.Some would prefer on long term and some would like to active trade since they do want to see or making profits asap.
Active trade is really somewhat a gambling but you can lessen up the risk if you do know on what you are doing.Its not for everybody but there are
traders that do actually made this stuff.Losses are inevitable but they do manage to get some greens in the end of the day which is the most important to achieve.

[joshy23]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

Good advice, emotions not need to bothered you in order to continue moving forward, the market most of the time is against our expectations but learning  how to adjust and how to react accordingly is very important. If you are really eager to learn time will come and let you understand how things works and how you should prepare not only one but multiple strategy to work for you.

[Twentyonepaylots]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

Good advice, emotions not need to bothered you in order to continue moving forward, the market most of the time is against our expectations but learning  how to adjust and how to react accordingly is very important.

High emotion quotient (EQ) do really helps on establishing a proper discipline in trading, and so knowing your emotion response with what you.are doing is a must. Dealing with market should be emotionless but rather a technical, we will get into the point where we question ourselves if we are doing wrong and that is just a natural event knowing that we are just human. Reaction must based on what you did, not on what you expected.

If you are really eager to learn time will come and let you understand how things works and how you should prepare not only one but multiple strategy to work for you.

Another thing is with strategy, we might find a strategy that works almost all of the time but don't be fool by that, there are strategies that would be beneficial if it aligns your attitude in trading. Do not stick with fundamentals just because you're gaining with it, try to formulate your own or copy other's style but make sure that you are developing all throughout.

[FLoving]

Trading mistakes don't just happen to you, I often experience things like that, sometimes buying bitcoin becomes a height, if it turns out bitcoin is getting lower. Yes it is natural to happen because the ups and downs of bitcoin are sometimes wrong in predictions because they are too volatile, even though we actually see movement on the graph every day, but sometimes like to miss.

If you are thinking about trading in bitcoin then you both have to think for long term holding as even those are earning in long term holding who do not know anything about trading. While for altcoin traders I will suggest that they do day trading but not in the current time as currently the altcoin market is slow and only well experienced traders can do trade now. We remaining have to wait for the altcoin season.

[Aikidoka]

It's happening sometimes when you'll not be lucky in trading, but you don't need to stop that, I'm sure that everyone at some point will get a decent profit from gambling if they understand the market moves very well after getting a sufficient knowledge.

[Visbay]

You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.

I'm not aggree, we need luck to success in trading especially cryptocurrency trading because the price often beyond technical analysis and could pump and dump just in hours. The price could be pump and dump by the whales. You need luck to follow the wave in a correct direction unless you're the whale.

Luck is not the whole thing in trading so to get profit we must have some skills. After skills in trading we can rely on experience but never think that you can win profit just by luck. It’s a matter of time that we need to work for gaining knowledge and learn how to control your emotions no one should sell their coins earlier, just need to be patient.

[hahay]

I think you did well, you sell when you predict prices will fall because prices cross the support line and when you decide to sell, then at least you think it's a profit to be gained, right? Because why do you sell when you know you will lose? If you realize that selling at that time is a loss, why can't you be more patient, because basically you realize that prices will rise and fall quickly. So in this problem is about emotional control which in the end you panic.

[Oilacris]

You get it wrong, people do not need luck in trading. They need to understand first the technical analysis where you can have an idea wheere is the best time to entry and exit in trading. Do not base your decision by luck, you keep losing because you habe misconception about how trading works and you do not use trading strategies.

I'm not aggree, we need luck to success in trading especially cryptocurrency trading because the price often beyond technical analysis and could pump and dump just in hours. The price could be pump and dump by the whales. You need luck to follow the wave in a correct direction unless you're the whale.

Luck is not the whole thing in trading so to get profit we must have some skills. After skills in trading we can rely on experience but never think that you can win profit just by luck. It’s a matter of time that we need to work for gaining knowledge and learn how to control your emotions no one should sell their coins earlier, just need to be patient.

I tend to disagree on some points about luck which i do highly believe that it do somewhat need a mix of it when trading yet we know on how unpredictable the market is.No matter how good your analysis
is if the market would tend to oppose its direction then you would still lose that trade.

Questions in mind on whats going on or something wrong in our trade is always there.Due to unpredictability of the market these things arent new.Just be patient and learn up from those experiences
and you will able to grasp on how to deal with it.

[Ridwan Fauzi]

I think you did well, you sell when you predict prices will fall because prices cross the support line and when you decide to sell, then at least you think it's a profit to be gained, right? Because why do you sell when you know you will lose? If you realize that selling at that time is a loss, why can't you be more patient, because basically you realize that prices will rise and fall quickly. So in this problem is about emotional control which in the end you panic.

Also this is just because he wasn't believe that his prediction/analyst will going well. I guess being a trader should/must believe to their own prediction. They must have confidence that their predictions will lead to profit, do not ignore price movements so they can create a high panic because it is really bad. Actually, OP can make another strategy when his prediction going wrong, such as choosing hold strategy. I get used to use this strategy, when my prediction is went wrong I just choose hold for long term investment or I'll sell them when them I've got profit.

[Ahiaba]

Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.

[Maslate]

Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.

Exactly. There are really individuals who cannot trade successfully and end up losing most of the time. I suggest that you should take a break first and find some other way how to make an income from crypto. I know there are a lot of ways in crypto, only you should be explore the crypto world.

[quality.crypto]

Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.

Exactly. There are really individuals who cannot trade successfully and end up losing most of the time. I suggest that you should take a break first and find some other way how to make an income from crypto. I know there are a lot of ways in crypto, only you should be explore the crypto world.

Exactly, if we don't find anything profitable through trading, we should deviate our interest to others where we can make money. There are many other ways where we can make money because sometimes it is very hard to find those activities. Every time it is impossible for us, to keep on investing in different investments.

[Karmakid]

Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.

Exactly. There are really individuals who cannot trade successfully and end up losing most of the time. I suggest that you should take a break first and find some other way how to make an income from crypto. I know there are a lot of ways in crypto, only you should be explore the crypto world.

Exactly, if we don't find anything profitable through trading, we should deviate our interest to others where we can make money. There are many other ways where we can make money because sometimes it is very hard to find those activities. Every time it is impossible for us, to keep on investing in different investments.

This is what the people mostly in the cryptocurrency community are doing, they are so obsessed in the hustle of cryptocurrency that they think that they should forced themselves to be profitable in this market forever. They didn't realized that the cryptocurrency market is such a small fraction of opportunities in this world. There is real estate, stock market, e-commerce etc.

[jostorres]

If you are not lucky in trading it should be a big lesson for you to stop. If you want to earn for long term try to invest bitcoin and hold until it goes up. Somehow it can help you to manage and watch the flows of the market.

I think it's better to review @OP's strategy. Sometimes trading needs your focus and passion plus the knowledge doing it. But sometimes even if you are doing your best, the outcome does not come out as expected. That's why its better to always learn those different technical analysis tools.

Luck is required in trading although not entirely but there is certain amount of luck required with good amount of skills. Bitcoin price trading has fascinated me over the years but I am always very bad at predicting it, I remember there was a website where you predict if bitcoin will go or down in the next 30 minutes and they double your money if you predicted correctly. I was even bad on that game because its really tough to predict the market trend what's going to happen next.

Suggest for OP : Since you are buying and selling like big amounts 0.8 BTC just save them until the next halving occurs and you will thank me later, don't aim smaller profits just wait and grab the big fish.

Note : just my opinion please note there are always risks involved in holding too.

[Viscore]

Stop thinking that trading is based on luck, it's based on skills, you might struggle at the start but if you will keep learning and correcting your wrong decision, you might grow and succeed in the long run.

People who are successful in trading fully relies on their skills and that cannot be achieve in just a short period of time, it will take a lot of time to practice before you master it, that's the thing you should do, be realistic and focus on what you do.

[LUCKMCFLY]

Actually it is very difficult to predict the price of Bitcoin, volatility can help, but it cannot be speculated in the market in that way, there are always some ways that help to give a tendency of the movement, you may have to learn to identify them.

In the market there are people who move the market due to its high volume of money, many Bitcoins, you must try to understand the market, you can not gambling, because you lose, study a little, I recommend you read some Livermore ibros, he was A great stock market speculator and teaches many techniques that can be applied to the crypto market..

[MWesterweele]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

At first, you will started to be confused in everything, and will also learn to loss some of your money or the coin you are holding. We need to be careful in each trade you are doing so that by next time you will not be losing more of the money you are investing or playing. It is okay to be wrong sometimes, as long as that you will learn from it. Luck is only a secondary trait that you must have but it is . Learn from mistakes and never do it again.

[The-Devil]

Luck is very important for trading. Many can earn a lot of profit due to good luck. So I want to say that for trading, like skill, there is luck. If luck is not good then success cannot be achieved by trading. No one can control fate. So those who have good luck can achieve success by trading.

Thank you

[alan2here]

Actually it is very difficult to predict the price of Bitcoin, volatility can help, but it cannot be speculated in the market in that way, there are always some ways that help to give a tendency of the movement, you may have to learn to identify them.

In the market there are people who move the market due to its high volume of money, many Bitcoins, you must try to understand the market, you can not gambling, because you lose, study a little, I recommend you read some Livermore ibros, he was A great stock market speculator and teaches many techniques that can be applied to the crypto market..

Bitcoin usually has very fast volatility and every investor analysis is incorrect when this happens. At the moment, you should stop trading during this time and find a better solution because Bitcoin will certainly be difficult to help you make good profits. However, you can choose long-term investment instead of day trading because long term investment will be better.

Of course, the final decision is yours and needs to have a specific plan before doing this because even a small mistake will make you lose money.

[Yatsan]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

At first, you will started to be confused in everything, and will also learn to loss some of your money or the coin you are holding. We need to be careful in each trade you are doing so that by next time you will not be losing more of the money you are investing or playing. It is okay to be wrong sometimes, as long as that you will learn from it. Luck is only a secondary trait that you must have but it is . Learn from mistakes and never do it again.

Experience is the best teacher in trading. Losing or winning in trade is just fine as long as you are not gonna stop on trading when you are losing just think of it as a fee because you learn something for that loss. I remember when I was just starting to trade, I always lose my trade got too emotional and go all in, in the next trade, I end up losing almost all of my money. Still, what's important there is I learn to control my emotion after that incident. Today I am still trading and still learning. Just don't stop when you lose!

[Karmakid]

it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.

At first, you will started to be confused in everything, and will also learn to loss some of your money or the coin you are holding. We need to be careful in each trade you are doing so that by next time you will not be losing more of the money you are investing or playing. It is okay to be wrong sometimes, as long as that you will learn from it. Luck is only a secondary trait that you must have but it is . Learn from mistakes and never do it again.

Experience is the best teacher in trading. Losing or winning in trade is just fine as long as you are not gonna stop on trading when you are losing just think of it as a fee because you learn something for that loss. I remember when I was just starting to trade, I always lose my trade got too emotional and go all in, in the next trade, I end up losing almost all of my money. Still, what's important there is I learn to control my emotion after that incident. Today I am still trading and still learning. Just don't stop when you lose!

I agree with this. Instead of looking at the negative side, look for the positive and be optimistic. Losing money and having failures in your trading is pretty normal because that is how the growth starts and that is what we need in order to continuously improve ourselves and become the best trader that we could ever achieved.

[wajik-tempe]

Luck is very important for trading. Many can earn a lot of profit due to good luck. So I want to say that for trading, like skill, there is luck. If luck is not good then success cannot be achieved by trading. No one can control fate. So those who have good luck can achieve success by trading.

Thank you

But if we just rely on luck no matter how much we already earned. We will get rekt at the end because we will trust that we will always win every trade without measuring the risk. Having a risk management skills and basic technical analysis skill is needed to survive in cryptocurrency trading

[Btc_1856]

Luck is very important for trading. Many can earn a lot of profit due to good luck. So I want to say that for trading, like skill, there is luck. If luck is not good then success cannot be achieved by trading. No one can control fate. So those who have good luck can achieve success by trading.

Thank you

But if we just rely on luck no matter how much we already earned. We will get rekt at the end because we will trust that we will always win every trade without measuring the risk. Having a risk management skills and basic technical analysis skill is needed to survive in cryptocurrency trading

Technical analysis is always important in trading and it will help us to stay positive in the market. Every time it is not possible in the market to make profit continuously because the market situation cannot be the same and sometimes we have to take risk otherwise it is impossible for us to make profits.

[posi]

Luck is very important for trading. Many can earn a lot of profit due to good luck. So I want to say that for trading, like skill, there is luck. If luck is not good then success cannot be achieved by trading. No one can control fate. So those who have good luck can achieve success by trading.

Thank you

But if we just rely on luck no matter how much we already earned. We will get rekt at the end because we will trust that we will always win every trade without measuring the risk. Having a risk management skills and basic technical analysis skill is needed to survive in cryptocurrency trading

Technical analysis is always important in trading and it will help us to stay positive in the market. Every time it is not possible in the market to make profit continuously because the market situation cannot be the same and sometimes we have to take risk otherwise it is impossible for us to make profits.

Yes, every investment have it own risk involving but technical analysis is just for making prediction and it doesn't mean the result ones get from the analysis is the trend the market will posed cause a single from the whales could destroy everything. However, i think what the OP need now is to accumulate more coins now cause next year market is always the best season to trade crypto.

[tambok]

Luck is very important for trading. Many can earn a lot of profit due to good luck. So I want to say that for trading, like skill, there is luck. If luck is not good then success cannot be achieved by trading. No one can control fate. So those who have good luck can achieve success by trading.

Thank you

But if we just rely on luck no matter how much we already earned. We will get rekt at the end because we will trust that we will always win every trade without measuring the risk. Having a risk management skills and basic technical analysis skill is needed to survive in cryptocurrency trading

Technical analysis is always important in trading and it will help us to stay positive in the market. Every time it is not possible in the market to make profit continuously because the market situation cannot be the same and sometimes we have to take risk otherwise it is impossible for us to make profits.

We should not just stick in one strategy, trading is a process, if we think that this strategy seems not working then let's look at the other technical analysis as well as combining it with the FA, for some traders they are using at least 2-4 technical analysis as they wanted to have confirmation before anything else, as much as possible they wanted to be 100% sure before trading.

[ice098]

Luck is very important for trading. Many can earn a lot of profit due to good luck. So I want to say that for trading, like skill, there is luck. If luck is not good then success cannot be achieved by trading. No one can control fate. So those who have good luck can achieve success by trading.

Thank you

But if we just rely on luck no matter how much we already earned. We will get rekt at the end because we will trust that we will always win every trade without measuring the risk. Having a risk management skills and basic technical analysis skill is needed to survive in cryptocurrency trading

Yes luck is needed but skill is needed too. In order for you to have a higher profit in trading , you need to stay calm and be  educated about everything regarding trading . Do your own research so that it would be beneficial to you it will make you win your trades because you know how market really works.

[wxa7115]

I rarely meet people who are short term/day traders and are in profit. I normally don't do short term or day trading and I suggest everyone here to learn HODL. Just do some research and see how much gain BTC has given to those who HODL, if you figure it out you won't go back to trading. I leave it you to find in this year alone how much gain BTC has given to its HODLers.

Very true, it's very hard to generate profits in daily or hourly trades because the bitcoin market is volatile and you need to be very lucky if you are trading with price and looking to sell and buy within hours. I have done that and it's almost like gambling when you try to make profit making trades within hours and even days.

The best way I personally felt when trading and still feel is that you buy at any price on the current market and just wait and wait until it goes up, I can promise that no one literally no-one can confirm when price will go up or down. So just sit tight and have patience once it goes above what you buy then just sell it don't get greedy.It takes 10-12 days to gain some profit but works well.

It is very easy to imagine yourself getting huge profits by becoming a day trader, but it isn't until you take a very serious look at the market and how it moves in the short term until those hopes begins to disappear, the volatility in the market of cryptocurrencies is legendary, you are not going to find another market that can move so fast and seemingly without any reason which makes day trading incredibly hard.

Because it is almost impossible to predict that the price is going to pump in such a sudden way when there is no indication in the charts that such thing could happen as such it is really difficult to become a profitable short term trader.

[jhonjhon]

It is really to understand the situation if you'd never been a focus on your trades. It actually we can't stop its volatility and the market keeps moving, you can just be thinking that once the market started to drop it will drop continuously, the same thing we will expect to happen when it goes up.

@ OP there are no mistakes of what you've done, only you can't catch the right time to sell/buy. Buy spending more time in trading you can make it right and just keep looking strategies that will enhance your capability and skills.

[error08]

For new traders often fall into a bull or bear trap without knowing what's the market heading to, in order to avoid such thing just need to watch others pro traders that sharing their TAs on several sites that easy to access, even in this forum there are such pieces of information.
For a start, trying to find information will be an important thing, then start with small funds to test the depth of the water. Do not try to trade on a daily basis or short-term, the last thing is patience to sell and buy at the right time according to information that you've gathered.

[marcous]

if you feel unlucky in the world of trading maybe it's not your passion, because not only you who feel like this. my advice don't overexert yourself if it's just detrimental. that's the crypto world, not as smooth as you think when you want to take profit. cannot be predicted with accuracy and requires a lot to learn from experience. save your capital with a pyramid system when you want to trade, at least don't trade all in your capital at one price

[Mr.Ease]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

[Maslate]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

[cutesgirl]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because  I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

[topbitcoin]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because  I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Right, trading is something that not really instantly although you learn from your mistake, but will need time to be expert in it. I mean to analyze need a lot of condition of market then if we can learn a lot of condition of market, we can do something to at least avoid our mistake and minimize our lose when coin that we bought is not like what we expected.

[Assface16678]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because  I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Right, trading is something that not really instantly although you learn from your mistake, but will need time to be expert in it. I mean to analyze need a lot of condition of market then if we can learn a lot of condition of market, we can do something to at least avoid our mistake and minimize our lose when coin that we bought is not like what we expected.

Many traders today are failing their transaction because of having a lack of confidence and trust about their investment and trading, in trading, there's a two common trading the short term and long term trading in the short term it tells all about trading daily that you are investing your money and convert immediately, but this kind of process does not bring a large amount of income, next is the long term trading that gives a huge profit, but it takes a lot of time to wait for the price of the bitcoin is the best example, the amount of the coin before is just over one thousand dollars, but today the price is over nine thousand dollars.
In being new in trading, you must get a lot of knowledge and resources like asking the old traders to get more info to win all of your trade and also if you are starting better to invest a small amount and get just a little information on trading.

[TitanGEL]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

How many time you failed with trading? if once time you failed with trading I think every one have faced the same moment, I faced many time with failed with trading because  I buy some altcoin but have lower price, give me experience how to be better at the next time and I never give up for getting much profit with trading in bitcoin or altcoin because I want become rich person in bticoin trading.

Trading is a process of learning so it is expected that you may lose at the beginning. Mistakes are only normal because you are new in trading and commiting it is doesn't mean that you are failure. Strive more and study more to becomd better trader who have good management skills and trading skills. Your goal is to not be a rich person, your goal is to have good performance in trading in this year and to more years that will come.

[drlukacs]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.



Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

Using indicators, you are wrong, indicators are only able to predict the trend with 60% accuracy and it usually happens when the candle has been completed. So to accurately predict the price of Bitcoin, we need to combine a few price action methods and some important resistance and support. Then, you will know what you have to do to not be too loss and maximize profits. All have information on google, your job is to search only.

[Kurokonobasuke]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.



Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

Using indicators, you are wrong, indicators are only able to predict the trend with 60% accuracy and it usually happens when the candle has been completed. So to accurately predict the price of Bitcoin, we need to combine a few price action methods and some important resistance and support. Then, you will know what you have to do to not be too loss and maximize profits. All have information on google, your job is to search only.

There is really no certain percentage of accuracy given by the indicators. Indicator is a just a guide for us to identify the moving average of the market, knowing that orders seem to be overhelemed or insufficient comparing to its average can help us to determine if the market will go uptred or not.

[Webberson]

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

[Yamifoud]

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

Identifying one's mistake is very important and we need also feedback from the other people in order to make it right. But seeing how OP's express his losses, it probably he really doesn't have enough knowledge in trading and experience. It is a common thing to lose but we need to interact also and find a way to minimize our losses. Yes, strategy could be a big factor and that is he needs to acquire to have a better and profitable trading.

[Apened]

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

Very nice. I am also that kind of trader before imitating ones strategy but definitely it won't work unless we know how that people trade what kind of strategy when to entry and exit in the market. Then i found it not working even the best trader teach me so the thing is finding what strategies and time frames fits for me. There's no luck but there's a strategy and a lesson for every mistake that we will be able to experience.

[seramania]

you must immediately sell at high prices when experiencing an increase, btc price predictions do not seem to be done. so in my opinion the risk of you holding back is huge. in trading when profits directly sell. it's a classic strategy that still works today,

[stiffbud]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

Taking volume as the only indicator is the thing that you are doing wrong as there are more indicators that are always in play. You should also consider learning charting as it is the most valuable thing for earning profit, if you are doing it right then you can earn high profits with just limited risk and if not then you will end up doing wrong just like you are doing now.

[TrevorS]

It’s quite difficult to give advice without any data in front of you.
As the saying goes: what question is the answer. You can make mistakes in many aspects of trading, but judging because you wrote most likely you just don’t understand when you need to enter a trade and when to exit. For starters, I would advise you to buy a subscription to Trading View and watch what the best traders in the world listen to their analytics and look at their deals, specifically at the time of entry and exit. Learning from the example of professionals is always easier than yourself.

[Bezobraznike]

It’s quite difficult to give advice without any data in front of you.
As the saying goes: what question is the answer. You can make mistakes in many aspects of trading, but judging because you wrote most likely you just don’t understand when you need to enter a trade and when to exit. For starters, I would advise you to buy a subscription to Trading View and watch what the best traders in the world listen to their analytics and look at their deals, specifically at the time of entry and exit. Learning from the example of professionals is always easier than yourself.

   He is wrong cause he even try to trade and make profit in that way. People just hear that trading is profitable, buy low
and sell high, like it's some simple thing to do. After they lose money, they start to think about what they did wrong and
they ask questions like they are total beginners.
   Who wish to risk and lose with trading can do that, I think that investing for long-term holding is safer and better option.
You can't make a mistake with buying Bitcoin or Ethereum for the future, why to risk them and maybe lose them.

[Blackdeath]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

[imstillthebest]

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

risky is not the right word to include when you are facing diffculties in trading but risk is already given before you trade but difficult yes it is difficult to trade but the guy said he already do trading for a few years and with that time he is still a noob  ? i find that strange  .

 it wont be difficult if you will learn too much either by reading or watching  a video not unless if your mind is floating during your learning sessions  .  not all are blessed with good trading skills but we can make it happen if we wont give up  .

[alisonwonder]

you must immediately sell at high prices when experiencing an increase, btc price predictions do not seem to be done. so in my opinion the risk of you holding back is huge. in trading when profits directly sell. it's a classic strategy that still works today,

actually bitcoin can recover but sometimes it takes a long time, if the loss is big enough it's better to hold. we will still face halving next year.
but actually there is something wrong here, trading does not rely on luck so we must be able to learn to analyze. if relying on luck is the same as gambling and you will continue to lose, because trading has fluctuations and fundamental factors.

[Distinctin]

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

risky is not the right word to include when you are facing diffculties in trading but risk is already given before you trade but difficult yes it is difficult to trade but the guy said he already do trading for a few years and with that time he is still a noob  ? i find that strange  .

 it wont be difficult if you will learn too much either by reading or watching  a video not unless if your mind is floating during your learning sessions  .  not all are blessed with good trading skills but we can make it happen if we wont give up  .

He probably an experience trader base of his statement but what makes him difficult is he doesn't seem to correct his mistake and let things get worst.
He is probably strange, even though learning in trading will take a while but it could possibly be done in a month. And I do believe that he learn something making me doubts that OP's is telling the truth or just sharing the life of others.

[OrangeII]

   He is wrong cause he even try to trade and make profit in that way. People just hear that trading is profitable, buy low
and sell high, like it's some simple thing to do. After they lose money, they start to think about what they did wrong and
they ask questions like they are total beginners.
   Who wish to risk and lose with trading can do that, I think that investing for long-term holding is safer and better option.
You can't make a mistake with buying Bitcoin or Ethereum for the future, why to risk them and maybe lose them.

hearing the story, I realized that he was not very patient in trading. I just suggest that not too easy to follow the news. when people sell, you also sell, and when people buy, you buy. Well, that will only get you a loss. in trading, patience is an important point, but having principles is also a matter that needs to be considered.

[Oilacris]

Different individuals engage in different method of trading. You can have same strategy, but different approach. Doing something wrong in trades, defines the strategy you are using and how you are applying such strategy. First, identify what you are doing wrong, then go about correcting it.

Come to think that not all things that youve been copying or following would have the same results when you do tend to use it.Same as you said were accuracy wont really be possible
because it will vary on some factors which would affect the outcome and we know that each person will really have different approach into things and decision making into various things.
Luck is somewhat part of trading but not literally a huge factor because it do mostly talks about analysis.

[wxa7115]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

Very few traders have what it is necessary to do any of those three things, in order to stop buying for the fear of missing out then they need to understand the markets and know when the market is growing because of a natural increase in the demand and when it is growing just because of speculation, in order for traders to stop selling their coins because of their fear then they need to stop investing in bad projects.

And in order for people to learn how to hold their coins they need to know more about the technology and how a coin like bitcoin is basically unstoppable and its success is almost guaranteed.

[adzino]

It’s quite difficult to give advice without any data in front of you.
As the saying goes: what question is the answer. You can make mistakes in many aspects of trading, but judging because you wrote most likely you just don’t understand when you need to enter a trade and when to exit. For starters, I would advise you to buy a subscription to Trading View and watch what the best traders in the world listen to their analytics and look at their deals, specifically at the time of entry and exit. Learning from the example of professionals is always easier than yourself.

I wouldn't advice someone to buy "subscriptions" (honestly, this sounds totally stupid) to watch best traders in the world are doing. I wouldn't also randomly believe what they are saying. As far as I know, most of these well known traders are bought by the project team just so that they can shill/advertise for them.
Instead of wasting your money on those shitty subscription, use it to trade. At least you will get some experience and be able to learn from your mistakes.

[ice098]

Its got nothing to do with luck...

You need to re evaluate your process...
1. Stop fomo buying.
2. Stop fear selling.
3. Learn to Hodl.

You get those down and youll do way better.

So easy to say but too hard to do. But i believe these words will really change your life as you will start making good profits in trading. If you still find it hard to follow even one of these, then maybe trading will not work for you. Try some other alternatives to make profits in crypto other than trading.

It is hard to stop fear if you are starting in trading, we all experience that. Maybe now we can lose some money due to wrong price instincts but we need to learn in every way that we can do, learn from mistakes so that it would be our great teacher . Trading is a trial and error thing too.

[Webetcoins]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice.

[Colt81]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice.

Indeed. You can't really learn trading if you didn't get enough practice with it and not trying to trade even just in a small amount for you to have an experience in trading. I personally believe that books and video tutorials are just guidelines and tips that you still need to do it hands on for you to find out if it will be effective on your future trades.

[Slow death]

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

Well, there are more than a month that you do not make any post here in the forum. I suppose you must have given up on trading or the answers were not to your liking. But if you ever go back to the forum and read the posts made in this thread I suggest you study the market a lot, try to learn from the experienced market people. Knowledge is the key to overcoming any obstacle

[Karmakid]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice.

Indeed. You can't really learn trading if you didn't get enough practice with it and not trying to trade even just in a small amount for you to have an experience in trading. I personally believe that books and video tutorials are just guidelines and tips that you still need to do it hands on for you to find out if it will be effective on your future trades.

Implementing and executing the strategies or plays that you have learned throughout from reading book, watching videos on youtube etc. are the start for a newbie or a beginner to learn trading. Learning is not always about watching and reading, it is about applying and adjusting to the mistakes that you will be making in order to come up with a better strategy that will fit in your style of trading.

[d3nz]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

[Subbir]

You want to try and do this while not having to review day trading too exhausting then can you'll have to I in person suppose that day trading is incredibly troublesome to analysis you create the error of analyzing there's little question that you just will wander away. once it involves day trading, you need to initial have a decent plan If you would like to try and do day trading you need to initial have a decent plan and you'll not trade, though if you've got any previous expertise you'll do one thing.

[gabmen]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

It's not really about luck in the first place. You'll keep on making mistakes. Sometimes to the point that you're not sure anymore if it's for you or not. The key here is to learn from your mistakes even if there's a lot of them. I'm pretty sure that's how experienced and efficient traders became who they are.

Most of us are not doing well during our first tries in trading but just keep on learning and keep on gathering experiences.

[Triffin]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down.

What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice.

it’s true that we cannot rely only on bookish knowledge but we will have to do some practice as well. We should know that how to handle situations and we must be aware of all market ups and down I think if you are not getting satisfied with your bookish knowledge you better go for watching useful videos related to trading and always learn from your own mistakes.

[kanayaTabitha]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

[wxa7115]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

It's not really about luck in the first place. You'll keep on making mistakes. Sometimes to the point that you're not sure anymore if it's for you or not. The key here is to learn from your mistakes even if there's a lot of them. I'm pretty sure that's how experienced and efficient traders became who they are.

Most of us are not doing well during our first tries in trading but just keep on learning and keep on gathering experiences.

Another huge problem are the false expectations that people have out of trading, many people believe that it is extremely easy to make profits in the markets, they think that you can just buy a coin and then sell it for a higher price and you will get to enjoy an easy life out of your profits, people need to understand that trading is hard, really hard, and like any activity that is so difficult you are going to make mistakes and you are going to lose money.

But if you are able to overcome that stage on your growth as a trader then you could become profitable but it is not going to be a fast process, you are most likely not going to get the profits that you want, and unfortunately many traders never overcome that stage.

[carlfebz2]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

It's not really about luck in the first place. You'll keep on making mistakes. Sometimes to the point that you're not sure anymore if it's for you or not. The key here is to learn from your mistakes even if there's a lot of them. I'm pretty sure that's how experienced and efficient traders became who they are.

Most of us are not doing well during our first tries in trading but just keep on learning and keep on gathering experiences.

Another huge problem are the false expectations that people have out of trading, many people believe that it is extremely easy to make profits in the markets, they think that you can just buy a coin and then sell it for a higher price and you will get to enjoy an easy life out of your profits, people need to understand that trading is hard, really hard, and like any activity that is so difficult you are going to make mistakes and you are going to lose money.

But if you are able to overcome that stage on your growth as a trader then you could become profitable but it is not going to be a fast process, you are most likely not going to get the profits that you want, and unfortunately many traders never overcome that stage.

Common mistake on most people specially when we do  starting up where we do have those kind of mindset or beliefs that buying low and selling high is just easy as it sounds
but when you are already in the middle of the trade then this beliefs would really vanish out and you would realize that it isnt really an easy task.Earning even a small percentage
is possible but it would take some analysis for you to take because trading doesnt rely on luck but rather mostly on analysis.

[bohr]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

You do not need us to tell you are doing something wrong, the market is giving you a very clear answer to that question, if you have been in this market for years and you have been trading for that long and you still not have gotten any good results then it is obvious you need to change what you are doing, my first recommendation is that you paper trade your strategy against the previous movements of bitcoin, if you can obtain profits then there is something wrong with the management of your emotions but if you cannot then it is time to change your strategy.

[FLoving]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

[Wipeout2097]

You are lucky,Just need to review your knowledge,faith and decision power.I share some points hopefully will be helpful fr your future trading career.
The market is not behave according your consent it mean you are wrong,because market is right.First of all understand that what are you choosing know its history in charts and indicators.

Manage your money properly,selection of coins should be qualitative and do not hold the trades for greed.Try to choose coins moving in green there are more winning chances.

[Yamifoud]

You are lucky,Just need to review your knowledge,faith and decision power.I share some points hopefully will be helpful fr your future trading career.
The market is not behave according your consent it mean you are wrong,because market is right.First of all understand that what are you choosing know its history in charts and indicators.

Manage your money properly,selection of coins should be qualitative and do not hold the trades for greed.Try to choose coins moving in green there are more winning chances.

That is we called it market adoption. The market doesn't behave as what you and for the fact that it is has a different direction, we are the one to adjust, not the market itself. If we can't make this thing, it pretty sure we go nowhere and ain't living in peace for sure.

Having in trading isn't just having a piece of luck but it is a piece of work/strategy in order to succeed. Nothing could help us with this but just ourselves. If we have trust and knows about trading, we can finally get our goals. Nothing possible if we work hard and keep searching to gather more ideas for our trading strategies may improve.

[bohr]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

You are talking as if that is an easy thing to get, I would have loved to have someone besides me to teach me how to trade but no one is going to share his secrets with you, you have to learn on your own how to trade the markets and if you are unable to do it then it is better for you to forget about this market because you will eventually lose your money due to a mistake or by panicking if the price begins to crash again, it is not an easy decision but when someone has been unable to get profits for so long it becomes imperative to admit that maybe you are not prepared to be a trader.

[alan2here]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

No one can become a professional trader without overcoming these difficulties and actually making money is not always easy because this market is difficult to predict. I think instead of being frustrated, you should add new knowledge and need to try more because if you want to succeed, you need to overcome this first.

I have also experienced the feeling of failure when trading but after each failure, I have many more useful lessons and until now, I have been able to decide for myself all the issues in this market.

[LUCKMCFLY]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

No one can become a professional trader without overcoming these difficulties and actually making money is not always easy because this market is difficult to predict. I think instead of being frustrated, you should add new knowledge and need to try more because if you want to succeed, you need to overcome this first.

I have also experienced the feeling of failure when trading but after each failure, I have many more useful lessons and until now, I have been able to decide for myself all the issues in this market.

I think that the more operations are left to luck, the less one learns and as the failures progress, they will be more followed. When you lose in trading, what matters most is knowing why, and if you win too, that is where the person understands the market more, and when you understand the market more, your chances of success will increase, there is the secret.

The problem is if you lose or win and do not know the reason, because you would simply be gambling and that is worrying in trading.

[Kupid002]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

No one can become a professional trader without overcoming these difficulties and actually making money is not always easy because this market is difficult to predict. I think instead of being frustrated, you should add new knowledge and need to try more because if you want to succeed, you need to overcome this first.

I have also experienced the feeling of failure when trading but after each failure, I have many more useful lessons and until now, I have been able to decide for myself all the issues in this market.

For every failure you will learn and that learning and experience can be a big  use in trading crypto currency , even professional can also experience lost but they are not saying it to others and picking up all the important things they need to know and add it to thier experience.

[Savemore]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

No one can become a professional trader without overcoming these difficulties and actually making money is not always easy because this market is difficult to predict. I think instead of being frustrated, you should add new knowledge and need to try more because if you want to succeed, you need to overcome this first.

I have also experienced the feeling of failure when trading but after each failure, I have many more useful lessons and until now, I have been able to decide for myself all the issues in this market.

For every failure you will learn and that learning and experience can be a big  use in trading crypto currency , even professional can also experience lost but they are not saying it to others and picking up all the important things they need to know and add it to thier experience.

We should treat our mistakes as a lesson, failure in trading is sometimes good for us because it helps us to become a skillful trader. We can avoid the future losses if we will use the knowledge that we get from our past failures. Luck is created in the trading world, we can become lucky if we will focus on improving the skills that what we have today.

[ekans45]

You are lucky,Just need to review your knowledge,faith and decision power.I share some points hopefully will be helpful fr your future trading career.
The market is not behave according your consent it mean you are wrong,because market is right.First of all understand that what are you choosing know its history in charts and indicators.

Manage your money properly,selection of coins should be qualitative and do not hold the trades for greed.Try to choose coins moving in green there are more winning chances.

Just to clarify, knowing a coin's history you wanted to trade with doesn't always matter since it'll be your just basis regarding on its playes' behavior. Thus, you are just looking for a pattern here which doesn't always definitely work because whales on the particular coin behaves upredictably; forcing you to use indicators and charts more dynamically.

[Faxmate]

Obviously trading is really hard to predict and you really have knowledge in order to know when to make a position on trading and whrn to execute it and not just to rely on people's chart because they maybe just making a hype.

And you will not gain any luck in trading if you don't know trade properly and that's why you need to know on ehat you are doing.

To become a pro traders a person need to have a trading sense which could know where the price going, and to acquire a trading sense the only way is from trading itself, the more we trade, the more we lost on trades, the more our trading sense will improve and we'll know the market's nature that we can control when we already good at it.

If the more we lose in trade then it is also possible that the more we disappoint from trade and leave this field. Better option is that from the start we take the guidance from the expert traders and do not jump in this field without the guidance of any trader who is a profiting trader. If we will take this type of start then we will save our money to not lose and we will also start earning from the start of our trading history.

No one can become a professional trader without overcoming these difficulties and actually making money is not always easy because this market is difficult to predict. I think instead of being frustrated, you should add new knowledge and need to try more because if you want to succeed, you need to overcome this first.

I have also experienced the feeling of failure when trading but after each failure, I have many more useful lessons and until now, I have been able to decide for myself all the issues in this market.

For every failure you will learn and that learning and experience can be a big  use in trading crypto currency , even professional can also experience lost but they are not saying it to others and picking up all the important things they need to know and add it to thier experience.

yes you are right that failure is a means of learning but too much failure every time could be the cause of great loss of money, so better to improve yourself and do not make too much mistakes, and i am sure that experts must be the keen observer of their mistakes that is why they are called experts.
Here reading about the OP i came to know that he do not set a target for buy and sell, the benefit of target is that atleast you will not regret if the market move opposite because you would have get your profit.

[sisule]

Left anything connected whit investment although whit ICO and IEO project and your lucky maybe whit participated on bounty campaign and airdrop project, how every many people have their lucky whit earning altcoin and bitcoin by using free way and not stop by any one else you can get much profit more higher than trader or investor in altcoin or bitcoin.

[theghostm1]

Every trader should know that it is not always possible to anticipate what will happen with the movement of the market and the loss must be accepted.
 And with time you will gain enough experience not to make such mistakes
 One last tip, my friend: Follow a correct financial plan ... and good luck

[nickenburg]

Trading is really hard, especially in a bearmarket, where the price mostly only goes down.
Just before the Bubble to 20000$ per Bitcoin in 2017 u could just buy any Ico and you would profit because of the price.

I think it's still possible to buy low and sell high, but the temptations are there as well lets say you have a few 1000$ and something in real life happens where you need money, or want to buy something.
And you know you have Crypto it is hard sometimes to not sell your crypto and buy something you want.

I made that mistake myself, sold most of my crypto before 2017 and lost a lot opportunity's later on when the price went to $20000.

Experience is a big thing as well if you watch what the price does everyday and also research how trading and graphs work, you maybe start to understand what is happening more.
For example you said you only watch the volume as a buy or sell indicator because that is what you understand, but those are not the only things that are important.
So I would say definitely do more research before trading. 

[Lanatsa]

Trading is really hard, especially in a bearmarket, where the price mostly only goes down.
Just before the Bubble to 20000$ per Bitcoin in 2017 u could just buy any Ico and you would profit because of the price.

I think it's still possible to buy low and sell high, but the temptations are there as well lets say you have a few 1000$ and something in real life happens where you need money, or want to buy something.
And you know you have Crypto it is hard sometimes to not sell your crypto and buy something you want.

I made that mistake myself, sold most of my crypto before 2017 and lost a lot opportunity's later on when the price went to $20000.

Experience is a big thing as well if you watch what the price does everyday and also research how trading and graphs work, you maybe start to understand what is happening more.
For example you said you only watch the volume as a buy or sell indicator because that is what you understand, but those are not the only things that are important.
So I would say definitely do more research before trading. 

Trading does have 2 things which is long term and short term ones and people or traders do have their own way of trading or targets on how they would deal against the market.

Of course it do involved buy and sell and if you do prefer on holding for long and doesnt consider on dealing with it on shorter time but somehow if we do talk about profit possibility then its less compared to active ones but it is way more risky.So its your choice which one would suit you.

Luck is one of the factors but most of the time when it comes to trading it does matter with skills and knowledge.

[bohr]

Just to clarify, knowing a coin's history you wanted to trade with doesn't always matter since it'll be your just basis regarding on its playes' behavior. Thus, you are just looking for a pattern here which doesn't always definitely work because whales on the particular coin behaves upredictably; forcing you to use indicators and charts more dynamically.

One of the most common mistakes that I see in the market is using the past to try to predict the future, many begin to see patterns in the way the price moves and if you try your theory a few times it may seem as if your theory makes sense but many never really try their theory for long enough to see all of those times in which their theory is wrong and then when they begin to trade the markets they realize that they had no chance of making money with that strategy but by then it is too late.

[MWesterweele]

One of the most common mistakes that I see in the market is using the past to try to predict the future, many begin to see patterns in the way the price moves and if you try your theory a few times it may seem as if your theory makes sense but many never really try their theory for long enough to see all of those times in which their theory is wrong and then when they begin to trade the markets they realize that they had no chance of making money with that strategy but by then it is too late.

Do not dwell in the past, what happen in that time remains in that time. We need to move forward so that we dont have any problem. Yes sometimes you need luck in order for us to win, but sometimes it is our own abilities that makes us win or bring the bacon to us. Everyone has their own perfect timing, OP needs to learn from his mistakes.

[freedomgo]

Try to improve your trading strategy and don't think about luck, think more on your skills and knowledge and that area you need to improve.
You don't need to win every time, you just need to be consistent by making good decision so you will be profitable in the end.
it's a matter of being realistic and accepting your mistakes and correct it.

[novaprime]

Just to clarify, knowing a coin's history you wanted to trade with doesn't always matter since it'll be your just basis regarding on its playes' behavior. Thus, you are just looking for a pattern here which doesn't always definitely work because whales on the particular coin behaves upredictably; forcing you to use indicators and charts more dynamically.

One of the most common mistakes that I see in the market is using the past to try to predict the future, many begin to see patterns in the way the price moves and if you try your theory a few times it may seem as if your theory makes sense but many never really try their theory for long enough to see all of those times in which their theory is wrong and then when they begin to trade the markets they realize that they had no chance of making money with that strategy but by then it is too late.

I have also seen a lot of investors who often make these predictions and really the past can never be the same as the present because everything is completely different. I think instead of believing in other people's predictions, you should analyze this market yourself because this is the easiest way for you to know exactly what is happen with this market.

In addition, there are many top experts in trading and you can meet to listen to their share because surely one day their knowledge will help you a lot.

[Murat]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

[cryptoangel]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Obviously, your suggestions are really useful on new traders. Nowadays most the investors are just invest the money on crypto and waiting for the next pump. So we must wait for long term or plan the each spot on trading platform. This year we are all waiting for next rapid hype on Bitcoin so surely beginners are also understand the future prediction and make some profit.

[Distinctin]

Just to clarify, knowing a coin's history you wanted to trade with doesn't always matter since it'll be your just basis regarding on its playes' behavior. Thus, you are just looking for a pattern here which doesn't always definitely work because whales on the particular coin behaves upredictably; forcing you to use indicators and charts more dynamically.

One of the most common mistakes that I see in the market is using the past to try to predict the future, many begin to see patterns in the way the price moves and if you try your theory a few times it may seem as if your theory makes sense but many never really try their theory for long enough to see all of those times in which their theory is wrong and then when they begin to trade the markets they realize that they had no chance of making money with that strategy but by then it is too late.

That is because he thinks that trading could easily to learn and manageable market design but it was a big opposite when you are engaged in it.  I know it wasn't just enough to think that trading is not the right place for us because most successful traders also suffer losses before they succeed. If we would like to dig deeper and think positive about the future, it certainly affects also our mindset and overcomes struggles and difficulties.

[Kevondo]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Trading is not about luck. Trading is dependent upon the efforts. So do not get worried about it that if you are losing then it is because you are unlucky. Trading discussions and forums like this could be a great help for you in such a time. You must consult the prices of all the coins first or ask an expert so that you can take right steps at the right time.

[mbakruroh]

Everything could happen without permission and as long you already replace stop loss that's enough. People more focus with profit but ignore safety, that's wrong because safety is first thing should be done before enter market. When your prediction goes wrong you only see it as reality and find the mistakes before replace open position again. No need debate about this is " X " factor or not because the player and have control with fund is only you.

[Zemomtum]

You need to change the tools you are using and adopt another if market movement always goes against you. The mixture of these tools for confirmation will also help a lot like MACD, RSI, Bollinger Band, EMA, Volume and most important candlestick. It is not advisable to put all these tolls on chart at once.  You can select a maximum of 2-3 at once just to compare and be certain of the different results they will provide. If most or all of them have similar results, there is 100% chance that the price will move in that direction. Be aware that despite this, fundamental can change all this in just an hour like Iran and Iraq news of recent, so you need to be conversant of what is happening in the crypto space by joining the group that provides notification instantly

[Yamifoud]

Everything could happen without permission and as long you already replace stop loss that's enough. People more focus with profit but ignore safety, that's wrong because safety is first thing should be done before enter market. When your prediction goes wrong you only see it as reality and find the mistakes before replace open position again. No need debate about this is " X " factor or not because the player and have control with fund is only you.

Then we should have to correct our mistakes for it will not happening again.

It is very important to know the market's behavior before taking the risk but unfortunately, some traders don't have that kind of approach, they act differently which brings them to a losing ends. We always have to remember that in trading nothing could help us but just ourselves only. Don't get disappointed because of experiencing losses, everyone makes mistakes and doesn't get feel bad but take this as an opportunity to learn and fully understand the market behavior.

[Triffin]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Obviously, your suggestions are really useful on new traders. Nowadays most the investors are just invest the money on crypto and waiting for the next pump. So we must wait for long term or plan the each spot on trading platform. This year we are all waiting for next rapid hype on Bitcoin so surely beginners are also understand the future prediction and make some profit.

Yes I’m trading, in which you will have to be careful and don’t make any decisions in hurry because people lose patience and sell their trading investment earlier and now they are saying we are not lucky, a trader must be wise enough to choose good coin, wait for right time and trade only if you realize that trading now will make you earn good profit.

[RealMalatesta]

That is literally what "chart readers" are doing and they are giving insane amount of suggestions and advises and predictions here. They look at what a coin did once before in history when something similar happened and assume it will do the same thing once again.

The biggest of the examples is that bitcoin did went up after the halving, a bit before and after and a lot after long while so they assume if they buy bitcoin now the price will be 3x in one year or something. I am sorry to say this but that is as possible to happen as not to happen as well. I will never understand why the people who actually think a crypto currency will do exactly the same thing it once did looking at the past and trying to predict the future, that is not how any of this works at all.

[kro55]

I was too a trader in the early days but i never earned any good profit due to trading. I finally gave up trading and start HODLING. HODLING work very much fine for me. I have no tensions to buy and sell daily, keep an eye on market every hour. I suggest if you are not having luck in trading try HODLING.

[darewaller]

Bitcoin price prediction is a difficult thing for most people, but have you tried to learn deeply how the analysis works?
If not, then you should do so, and study everything about technical analysis so you can be able to do it perfectly or ask those you know that can do it and let them teach you.

It is always difficult to predict price accurately when you are a day trader because in a day the price can move to any direction in any second. That’s why long term trading is a bit better, you have a lot of time to study the chart and be able to tell where it’s heading to in some months time. Being lucky or not is not a big thing in trading; if you are good at your analytical skill then you will slowly become profitable then you will feel yourself luck for trading cryptos.

[andycarrol]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Obviously, your suggestions are really useful on new traders. Nowadays most the investors are just invest the money on crypto and waiting for the next pump. So we must wait for long term or plan the each spot on trading platform. This year we are all waiting for next rapid hype on Bitcoin so surely beginners are also understand the future prediction and make some profit.

Yes I’m trading, in which you will have to be careful and don’t make any decisions in hurry because people lose patience and sell their trading investment earlier and now they are saying we are not lucky, a trader must be wise enough to choose good coin, wait for right time and trade only if you realize that trading now will make you earn good profit.

It seems he has chosen a good coin, learning to read charts is very necessary because many factors make bitcoin prices go up and down, besides demand and supply, such as news and rumors can also change direction faster. so must always pay attention to the conditions that occur.

[zeze18]

Bitcoin price prediction is a difficult thing for most people, but have you tried to learn deeply how the analysis works?
If not, then you should do so, and study everything about technical analysis so you can be able to do it perfectly or ask those you know that can do it and let them teach you.

It is always difficult to predict price accurately when you are a day trader because in a day the price can move to any direction in any second. That’s why long term trading is a bit better, you have a lot of time to study the chart and be able to tell where it’s heading to in some months time. Being lucky or not is not a big thing in trading; if you are good at your analytical skill then you will slowly become profitable then you will feel yourself luck for trading cryptos.

We don't need to predict the price accurately, even the pro traders often failed to predict price correctly. The core things to become a traders is the matters of risk management and money management. We don't always have to win in every trade, but we have to manage our money to use on trades and keep the profits is higher than our loss, and for doing that all we need is patience.

[Hypnosis00]

I was too a trader in the early days but i never earned any good profit due to trading. I finally gave up trading and start HODLING. HODLING work very much fine for me. I have no tensions to buy and sell daily, keep an eye on market every hour. I suggest if you are not having luck in trading try HODLING.

Holding could be difficult if you don't have patience and not actually it suits to a person who would like to earn a profit every day. That is why they come into trading for that sake but sometimes it never works well. They counter losses and quit. That was a horrible thing to happen when you don't know what we are doing and we don't anticipate for the incoming.
You know already what is your capability and I love how you manage it unlike they others.

[ReiMomo]

Try to improve your trading strategy and don't think about luck, think more on your skills and knowledge and that area you need to improve.
You don't need to win every time, you just need to be consistent by making good decision so you will be profitable in the end.
it's a matter of being realistic and accepting your mistakes and correct it.

This is should be a must. I also dont recommend going in trading without full knowledge on how trading works and make strategies.
Even how experts you are in trading you cant give any assurance that you will never fail, every failure we should learn on it and correct as much as possible also avoid to repeat those mistakes. Dont rely on luck, just research and study your own and which coins to pick that has the potential to gain profit. Trading is not an easy job, you need to take it seriously.

[Mumbeeptind1963]

Try to improve your trading strategy and don't think about luck, think more on your skills and knowledge and that area you need to improve.
You don't need to win every time, you just need to be consistent by making good decision so you will be profitable in the end.
it's a matter of being realistic and accepting your mistakes and correct it.

Yes, I think the reason why you did not get the thing that you want its because of lack of strategy, people are having a good strategy and skills thats why they are hitting their target , they are not always lucky too, they experienced some losses too, that is why sometimes they did not get back their money in trading , accept the fact that when we dont know how does market plays we will continue to get loss.

[SummerBliss]

Always put stop losses!
Always include stop losses to your trade religiously. People often forget that cutting losses is equally important to earning profits. Usually in cryptos you don't make profit out of every trade. In few trades, you hit profit once. The general ratio is 1:4. 1 profit for every 4 losses. In those 4 losses, you need to have stop losses at place to incur less loss and exit at soon as possible. This will make that 1 profit big.

[alan2here]

I was too a trader in the early days but i never earned any good profit due to trading. I finally gave up trading and start HODLING. HODLING work very much fine for me. I have no tensions to buy and sell daily, keep an eye on market every hour. I suggest if you are not having luck in trading try HODLING.

Holding could be difficult if you don't have patience and not actually it suits to a person who would like to earn a profit every day. That is why they come into trading for that sake but sometimes it never works well. They counter losses and quit. That was a horrible thing to happen when you don't know what we are doing and we don't anticipate for the incoming.
You know already what is your capability and I love how you manage it unlike they others.

In my opinion, you should only hold a few good coins because these are the coins that can be profitable for you in the short term and the current market is starting to be more stable, this is the time for you to consider investing now. I often enter into trading when the market is volatile because it is a good time for you to make money but need to have a specific investment strategy because any mistake will make you feel disappointed.

In investing, you are not always the winner and when you have failed many times, you will have more experience for the next trading.

[Visbay]

When you are in a platform which is very much volatile and manipulation then you don't have a lot of things to do a good thing, so it's not your fault anymore, so don't think you are unlucky in trading because fortunes always don't favor a soldier, but you have to carry out this trading because who knows when the good moment will come to you, so keep trying and keep trading, you just should maintain some simple tricks, I think Bitcoin price chart would be your nest company if you again want to trade, just watching the price chart and take another action regarding trading.

Obviously, your suggestions are really useful on new traders. Nowadays most the investors are just invest the money on crypto and waiting for the next pump. So we must wait for long term or plan the each spot on trading platform. This year we are all waiting for next rapid hype on Bitcoin so surely beginners are also understand the future prediction and make some profit.

Yes I’m trading, in which you will have to be careful and don’t make any decisions in hurry because people lose patience and sell their trading investment earlier and now they are saying we are not lucky, a trader must be wise enough to choose good coin, wait for right time and trade only if you realize that trading now will make you earn good profit.

It seems he has chosen a good coin, learning to read charts is very necessary because many factors make bitcoin prices go up and down, besides demand and supply, such as news and rumors can also change direction faster. so must always pay attention to the conditions that occur.

You will see so many things on this journey as the price will rise as fall because when people panic so it makes the price down so never be the one who contributes to making the market down. It is not wise to listen to bad news or fake roamers so you focus on holding and trust only your own research mostly people spread bad news to distract the traders and make them sell panic.

[HatakeKakashi]

If you are not lucky in trading just change your strategy that you used because you lose your money. But losing money is normal and every trader experienced that kind of losing but the good with that is you know next time your mistake and never do that again because tha is not really good for you. Trading is for the people who have a lot of patient and taking risk so if you want to earn money  don't quit trading but improve yourself if you want to continue trading I feel you too before when I did not earn money in trading but I've never quit so that's why here in the trading world too and still earning money and I hope that's what happen to you too.  If you think you do the right thing in trading they have instaces also that because cryptocurrency is unpredictable so you for sure they have still possibility to lose money even you do your best in tradng but improving youraelf can minimize your risk.

[Genemind]

Sh*t happens everytime and volatility could f*cked us up anytime. You arent the only one who do experience such problem when we do talk about
buy high sell low or missed opportunities on when to sell or when to buy.Due to unpredictability of the market, its just normal to commit mistakes.
Advise? Try to learn on your mistakes, have a time to realize on what part have you done wrong. Dont focus on technicals because this isnt a precise
thing that you can rely on when it comes to predicting prices.

This is definitely true. Anyone could experience the same thing. Committing mistakes is a part of our trading journey but it is important that we'll learn from our mistakes. We couldn't do trading perfectly in an instance and we have to undergo different unnecessary circumstances. The best thing to do is to deal with every market situation and take the changes as an opportunity to earn.

[gweedo]

As long as you change your trading strategy, everything will be fine. If you are unlucky in trading, it is better that you choose another option is hold. Try to analyze altcoins and look for a few suitable altcoins to buy then hold them for a long time to achieve maximum profits. Trading is difficult because you cannot know the direction of bitcoin and you may not always get it right

[bohr]

Try to improve your trading strategy and don't think about luck, think more on your skills and knowledge and that area you need to improve.
You don't need to win every time, you just need to be consistent by making good decision so you will be profitable in the end.
it's a matter of being realistic and accepting your mistakes and correct it.

While that is not bad advice at all and I think it is something that every trader needs to do even if they are successful, in my opinion the first thing that he needs to improve is his own psychology, if you think that you are losing your trades because you are not lucky enough then there is something wrong with the way you think about the markets, there is also something wrong with the way you think of yourself and your relationship with the markets and if you do not correct that then no trading strategy is going to be enough for you to become profitable.

[radjie]

As long as you change your trading strategy, everything will be fine. If you are unlucky in trading, it is better that you choose another option is hold. Try to analyze altcoins and look for a few suitable altcoins to buy then hold them for a long time to achieve maximum profits. Trading is difficult because you cannot know the direction of bitcoin and you may not always get it right

yes, indeed the right decision must indeed change the strategy that will be done in the future, if he is hesitant in trading because it is difficult to decide when to sell to get profit in a short time after there is a slight increase. the only best way that needs to be implemented is to change the strategy that must be done by choosing to trade for a long period of time in order to get profits in the future.

[kodtycoon]

As long as you change your trading strategy, everything will be fine. If you are unlucky in trading, it is better that you choose another option is hold. Try to analyze altcoins and look for a few suitable altcoins to buy then hold them for a long time to achieve maximum profits. Trading is difficult because you cannot know the direction of bitcoin and you may not always get it right

yes, indeed the right decision must indeed change the strategy that will be done in the future, if he is hesitant in trading because it is difficult to decide when to sell to get profit in a short time after there is a slight increase. the only best way that needs to be implemented is to change the strategy that must be done by choosing to trade for a long period of time in order to get profits in the future.

not sure by changing the strategy he did because he is not a new trader which means he has made the same mistake repeatedly. if he can realize and can correct these mistakes then of course he has a chance of success because one thing that doesn't seem to work well is mentality and emotional control so he always sells when panic or candles cross the support line which in fact after selling, price get higher increases

[Faxmate]

As long as you change your trading strategy, everything will be fine. If you are unlucky in trading, it is better that you choose another option is hold. Try to analyze altcoins and look for a few suitable altcoins to buy then hold them for a long time to achieve maximum profits. Trading is difficult because you cannot know the direction of bitcoin and you may not always get it right

yes, indeed the right decision must indeed change the strategy that will be done in the future, if he is hesitant in trading because it is difficult to decide when to sell to get profit in a short time after there is a slight increase. the only best way that needs to be implemented is to change the strategy that must be done by choosing to trade for a long period of time in order to get profits in the future.

not sure by changing the strategy he did because he is not a new trader which means he has made the same mistake repeatedly. if he can realize and can correct these mistakes then of course he has a chance of success because one thing that doesn't seem to work well is mentality and emotional control so he always sells when panic or candles cross the support line which in fact after selling, price get higher increases

if he is a professional trader than you are right that he must have changed his strategies for several time, and after that it does not work that is why he is seeking help. i think the best way to improve is that he should thoroughly observe his trading and his losses, and try to write his mistakes and after that he should start trading and do not repeat them. And try to trade with a cool mind.

[Samwise_Coingee]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

Hello mate!

The majority of traders loose because of poor risk management. If you cannot manage risks you cannot earn in long-term, that's it. My personal recommendation is either to learn risk management. or use the software that will do risk management for you. Personally I use Bitinsure service to monitor all the risks and stats at several accounts.

Good luck!

[novaprime]

As long as you change your trading strategy, everything will be fine. If you are unlucky in trading, it is better that you choose another option is hold. Try to analyze altcoins and look for a few suitable altcoins to buy then hold them for a long time to achieve maximum profits. Trading is difficult because you cannot know the direction of bitcoin and you may not always get it right

Before becoming a trading expert, they certainly experienced a lot of different failures and indeed the market was very harsh. I think never give up and try to learn new knowledge about trading to ensure you have a good profit. Personally, I am not a lucky person to trade here, but I always spend time analyzing and choosing the right time to invest because it is a time when I am very successful.

In addition, you also need to have a reasonable investment strategy when participating in trading and always set stop loss if the market has unexpected collapse because this market is difficult to predict.

[@prashant]

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

[Kevondo]

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Luck is not a factor that is to be counted in trading. Trading is all about getting more and more experience and then utilizing your polished skills along with the background knowledge. So it is okay even if you have failed .Try to be patient and more organized in your plans next time .

[MWesterweele]

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Yes its true, no one begin as an expert we all experienced lossew we lose so many times before we learn how to trade , I lose my money before too, but I did not think that it is becuse I am not lucky but I take it as a challenge to myself to move forward and learn from it. We need to take a  risk and learn so that we would not be losing any big amount anymore.

[Arkann]

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Yes its true, no one begin as an expert we all experienced lossew we lose so many times before we learn how to trade , I lose my money before too, but I did not think that it is becuse I am not lucky but I take it as a challenge to myself to move forward and learn from it. We need to take a  risk and learn so that we would not be losing any big amount anymore.

It seems to me that it is completely impossible not to lose a certain amount of funds on the cryptocurrency market, even if you have enough experience.  Although I could be wrong, because I am not yet a professional.  But according to my observations, it is very difficult to predict the development of events on the cryptocurrency market in relation to a particular project.  Mistakes do everything and losses also exist, but the main task is to find the right way to minimize your losses.

[adroitful_one]

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Yes its true, no one begin as an expert we all experienced lossew we lose so many times before we learn how to trade , I lose my money before too, but I did not think that it is becuse I am not lucky but I take it as a challenge to myself to move forward and learn from it. We need to take a  risk and learn so that we would not be losing any big amount anymore.

It seems to me that it is completely impossible not to lose a certain amount of funds on the cryptocurrency market, even if you have enough experience.  Although I could be wrong, because I am not yet a professional.  But according to my observations, it is very difficult to predict the development of events on the cryptocurrency market in relation to a particular project.  Mistakes do everything and losses also exist, but the main task is to find the right way to minimize your losses.

Judging by your post, you may want to look into trading things a little sooner. Also, it sounds like you may be trying to invest in newer projects and not trading more established coins? If developments in the projects are costing you money, you're probably holding too long and investing in newer projects instead of sticking to the top coins. Personally, I don't hold anything longer than a week or so. So if something with the project pops up and ruins my trade, it would have to be a huge surprise. You don't have to shoot for 100% profit on every trade. Even just a few percent adds up very quickly.

[DevilSlayer]

It is normal to experience failure nobody is born expert in trading, take these as lesson and do more trading with demo account as it will boost your confidence and skills and try to learn strategies and avoid pump and dump group.

Yes its true, no one begin as an expert we all experienced lossew we lose so many times before we learn how to trade , I lose my money before too, but I did not think that it is becuse I am not lucky but I take it as a challenge to myself to move forward and learn from it. We need to take a  risk and learn so that we would not be losing any big amount anymore.

It seems to me that it is completely impossible not to lose a certain amount of funds on the cryptocurrency market, even if you have enough experience.  Although I could be wrong, because I am not yet a professional.  But according to my observations, it is very difficult to predict the development of events on the cryptocurrency market in relation to a particular project.  Mistakes do everything and losses also exist, but the main task is to find the right way to minimize your losses.

Judging by your post, you may want to look into trading things a little sooner. Also, it sounds like you may be trying to invest in newer projects and not trading more established coins? If developments in the projects are costing you money, you're probably holding too long and investing in newer projects instead of sticking to the top coins. Personally, I don't hold anything longer than a week or so. So if something with the project pops up and ruins my trade, it would have to be a huge surprise. You don't have to shoot for 100% profit on every trade. Even just a few percent adds up very quickly.

The holding period is depends on what type of trader are we. We should ask ourselves if we are a short term trader or a long term trader. I am a short term trader and I have a verage holding period of 5 days, if my bias did not happen then I will quickly sell ot what matter it is because it is part of my plan. Planning before trading is important because it makes our trade to become successful.

[Chrystora123]

snip..

many have experienced problems like yours and to be honest, in the past, I was one of that (always lose because of selling and buying at the wrong price). this all happened because of my inability to control emotions..   my advice is to learn to control your emotions by trading small amounts every day, if you are able to control your emotions a little then you can increase the number of your transactions and so on.

[Ridwan Fauzi]

snip..

many have experienced problems like yours and to be honest, in the past, I was one of that (always lose because of selling and buying at the wrong price). this all happened because of my inability to control emotions..   my advice is to learn to control your emotions by trading small amounts every day, if you are able to control your emotions a little then you can increase the number of your transactions and so on.

I just thinking that the new trader will trade depend on his strategy learning. They will learn first how strategy that they use such as moving avarage, RSI and etc but I'm sure they will forget to learn how they should be do by their emotional when they are trade.

But as far as I know, we need more prectice to control our emotion when we trade. You might ever felt when you became new trader you will feel restless when the price is going down and you will be calm when the price movement is going up and you just confuse how to deal with that situation. But when you have many experience you will face any situation calmly and believe that your prediction will give you profit.

[bohr]

snip..

many have experienced problems like yours and to be honest, in the past, I was one of that (always lose because of selling and buying at the wrong price). this all happened because of my inability to control emotions..   my advice is to learn to control your emotions by trading small amounts every day, if you are able to control your emotions a little then you can increase the number of your transactions and so on.

Your method makes sense but very few people are going to apply it, why you may ask? Because people do not really have the patience to wait for weeks or for months to finally begin to trade their capital, they think that if they are not trading money when the market is hot then they will have to wait for months or even years for those conditions to appear again not understanding that a good trader can make money under any conditions but you can only become a good trader if you study and practice your abilities as a trader.

[Asmonist]

So far I just choose my bid for trading to get the best price. But there are really times that we cannot predict the price downfall. Maybe its just a matter of timing. And as much as you can you must not trade all your funds to have spare whatever happens.

[Janation]

So far I just choose my bid for trading to get the best price. But there are really times that we cannot predict the price downfall. Maybe its just a matter of timing. And as much as you can you must not trade all your funds to have spare whatever happens.

That is a rule that no one doesn't need to say, it is an unspoken rule.

I know that there are a lot of people trying to bet and want to get the maximum profit they can get but pushing all of your money into your investment especially if it is a cryptocurrency, that would be so risky. Better trade with a small amount first so you can ensure that you can't lose that much and can invest a lot of times.

[South Park]

So far I just choose my bid for trading to get the best price. But there are really times that we cannot predict the price downfall. Maybe its just a matter of timing. And as much as you can you must not trade all your funds to have spare whatever happens.

That is a rule that no one doesn't need to say, it is an unspoken rule.

I know that there are a lot of people trying to bet and want to get the maximum profit they can get but pushing all of your money into your investment especially if it is a cryptocurrency, that would be so risky. Better trade with a small amount first so you can ensure that you can't lose that much and can invest a lot of times.

The greed of people gets in the way, they know that they should trade with a small amount of money first but when they think of the profits they could make they decide to use all their money even if they have never really tested their strategy on the markets and they are not sure if they can obtain profits with it, their greed is so strong that it pushes them to trade even when they know they should not and it is one of the most important reasons why people keep losing their money in the markets.

[MancyZz]

Hello all,

need advise, if any exist
I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago.
But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?


thanks
P.

the first thing you must to be patience because such case in above you are not patience to wait bitcoin price. bitcoin price is unpredictable but bitcoin movement can follow it . do not to be rush, and start with small amount if you feel you are not expert
many people feel about not lucky in trading, not only you are. so its no problem you have to learn hard again

[Edraket31]

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

[Ayiranorea]

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

Trading isn't fit for everyone, but one can master in it. To master in trading one needs to learn continuously, even when trading isn't that effective we need to learn something out of the failed trade. As said even the successful trader will fail, but only few has the backup to try harder without giving up.

[Apened]

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

Trading isn't fit for everyone, but one can master in it. To master in trading one needs to learn continuously, even when trading isn't that effective we need to learn something out of the failed trade. As said even the successful trader will fail, but only few has the backup to try harder without giving up.

Yes, and not all is capable of trading for so many reason we have different works and daily activities, only few succeed because they're not give up on something until they learned the proper strategy . Patience and the ability to learn is not for short term only a trader must taken or experience many tough times and losses, this is were afraid of losing at the same time fund management will be learned.

[wildan88]

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

Trading isn't fit for everyone, but one can master in it. To master in trading one needs to learn continuously, even when trading isn't that effective we need to learn something out of the failed trade. As said even the successful trader will fail, but only few has the backup to try harder without giving up.

Yes, and not all is capable of trading for so many reason we have different works and daily activities, only few succeed because they're not give up on something until they learned the proper strategy . Patience and the ability to learn is not for short term only a trader must taken or experience many tough times and losses, this is were afraid of losing at the same time fund management will be learned.

not a good reason not to be able to trade if you have different jobs and daily activities, trading depends on your skills and knowledge, even if you have a lot of work and activities if you have knowledge you can still do it and get a profit in trading. so the reason why not everyone can trade is trading skills and knowledge. there are many people who trade only with feelings like gambling and guessing, so that is really bad. because I've also done it before really learning about good trading.

[South Park]

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

This is an important realization, most people believe that everyone can become good at anything and that is not true, we have a set of characteristics that make us better at certain things and not so good at other things, it is important to realize as soon as possible in which activities we have some talent and concentrate on those otherwise we run the risk of wasting our time just as all the people that thought they could make money by trading the markets have done so.

[imutlinda]

If after failing many times you think that trading is not fit for you, then maybe you are right, and maybe it's time for you to find other opportunity that will fit for you.

Remember that, an expert or a successful trader will always say that 'no matter how many times they will fail, they won't give up and will wait for the time they will become successful'.

This is an important realization, most people believe that everyone can become good at anything and that is not true, we have a set of characteristics that make us better at certain things and not so good at other things, it is important to realize as soon as possible in which activities we have some talent and concentrate on those otherwise we run the risk of wasting our time just as all the people that thought they could make money by trading the markets have done so.

but the ability of people can be gifted from birth or they practice and become a new habit. but the benchmarks for success will indeed vary. so if you think when we always try and fail then we don't fit in this place, I think it's a matter of the strength of these people. but what makes it difficult is that there are no special classes for studying certified trade.