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

[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.

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[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.