Do not follow every market wave

[bgaf]

When I was new in crypto there are several times that I try to follow the market. I panic buy/sell whenever the market goes up and down and have lost a decent amount of money if ever all my losses accumulate due to fomo and fud. Have your own trading discipline, and do not be driven by emotion when trading.

This is the worse thing to do when you join the market hypes expect some loses. These whales are bit greedy, when they feel many have been lured already on their pumping, they will just suddenly hijacked the price and all those who bought on their pumped price will be rekt. Poor investors that are hoping they could at least gain some profits instead incurred negative value on their asset. I am once did also following the hype but it was never good experienced for me cause I lose much money too.

[realinks]

You are right no doubt but there is something they call FOMO (fear of missing out) that comes into your mind when you are in the market. It might actually never come back to the price you are seeing it.

[SourLemonX]

To do that we need knowledge, experience, and a little luck. In fact, no one can guess 100% accurate but if you have your own technique, reasonable entry and exit times, I believe it is still possible to make a profit this way.

[panganib999]

At the market where we are all currently into, we cannot determine on which direction the pries of cryptocurrencies would go because of the volatility characteristics that every cryptocurrencies do possess. Trading is a bit combination of believing into your gut feel or instinct as well combined with the presence of luck since no one could ever predict on which direction will the price go. Sometimes observing the price behavior that can be seen on price charts are helpful but sometimes can be a deadly trap because prices are unpredictable. It is really a matter of gut feel and instinct to take the risk when you are trading. No distinct wave can be followed due to volatility.

[Ifemini]

To do that we need knowledge, experience, and a little luck. In fact, no one can guess 100% accurate but if you have your own technique, reasonable entry and exit times, I believe it is still possible to make a profit this way.

I do not actually think you need some bits of luck because to me in crypto currency trade!; tokens do not pump due to luck, a bull run signifies results after weeks of adding quality to the blockchain.

While a dip can be unlucky because a single mistake by a seller while selling can crash the trade market.

But instead of counting on luck, why not dyor and wait for trends to open up an investment entry for you

[SyndicateLabs]

To do that we need knowledge, experience, and a little luck. In fact, no one can guess 100% accurate but if you have your own technique, reasonable entry and exit times, I believe it is still possible to make a profit this way.

Agree, Knowledge is a must in this market, without the knowledge, we would not be able to do anything and we would completely fail, and we can never know the reasonable entry and exit time of each transaction. So we need a little luck in this market to get profit

[kang_kung]

Similar to a battle, if you have a chance to chose then only chose the one you are more likely to win. Being jump in every market wave has a lot of cons, you will burn out and easily make a mistake. And not every market wave could be a profit if don't have an equivalent in term of fund, skill,...

[ethereumhunter]

To do that we need knowledge, experience, and a little luck. In fact, no one can guess 100% accurate but if you have your own technique, reasonable entry and exit times, I believe it is still possible to make a profit this way.

But we can still take the profit although the profit is not too big because as long as we can see the green candle at the market, we can close the trade by taking the profit. Don't be too greedy to chase the bigger profit if we cannot do that because that can lead us to feel the loss in trading. It is enough if we can make a profit because not all traders can make a profit, so we need to grateful when we can do that.

[StatesManG]

It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.

One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all. 

can you tell us how to determine which wave we should follow when trading since you think its wrong to go for every wave? I expect your post to be more educational to guide the non-professional traders on how to or which wave to trade.

[1Kill]

Why? If you trade several transactions a week, then this is a good strategy.

[Ozero]

It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.

One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all. 

In fact, if we work with cryptocurrency, then we just have to follow the waves of prices in this market. Big waves, like the cryptocurrency market crash in mid-March of this year, must have been used. Whoever bought Bitcoin and other cryptocurrency potential for growth will have a good profit in the future. Even now it’s not too late to do this, because we expect the market to grow in the second half of the year.
Watching smaller price waves is everyone’s right, depending on the availability of time and opportunity.

[Review Master]

To do that we need knowledge, experience, and a little luck. In fact, no one can guess 100% accurate but if you have your own technique, reasonable entry and exit times, I believe it is still possible to make a profit this way.

Both knowledge and experience is a must thing for trading , but luck is needed more than Knowledge and experience because of the volatility of the crypto market. If anyone interest to trade altcoin than traders must be more lucky because of the volatility. So every traders need to be more punctual to get the right entry for buying/selling in the markets.

[kesmex]

precisely the wave is a sign for us to enter, the wave is always related to trading volume, pay attention to that!,
if the volume suddenly rises it's time to buy, make sure you have studied trading indicators such as reading the RSI, and you will be able to choose the selling point

[cytpoway121]

Only newbies would supposed follow market waves all the times.

A very vital factor before considering trading at all is focus, you must learn to have focus and choose a clear way before trading at all.
As a trader, instead of following any wave, why not discover the source of the wave? evaluate the emotions attached to the wave and predict the outcomes easily ?

Learn trading properly, follow the strategy best known to you; ignore market waves

[Mahanton]

Only newbies would supposed follow market waves all the times.

A very vital factor before considering trading at all is focus, you must learn to have focus and choose a clear way before trading at all.
As a trader, instead of following any wave, why not discover the source of the wave? evaluate the emotions attached to the wave and predict the outcomes easily ?

Learn trading properly, follow the strategy best known to you; ignore market waves

When you are still on a new market or completely noobs when it comes to trading then you will surely have the high chance on following other calls.
You'll soon realize that you are doing the wrong thing or make you regret when you lost up money due to their signals or tips.It would be more worth
if you do trade and decide on your own.It isnt bad to look for others analysis but dont fully rely on it.Just deal with lots of trials and errors
because these are stepping stones to improve yourself.

[NS-Soul]

It is wrong if you try to follow every trade wave in the crypto currency market.
It leads to pressure, unnecessary emotional imbalance and fuds.

One thing is constant about crypto currency, either you track all trades, the bulls will come and the bears will come.
Fight a circle of spots and stick to it to not miss out on all. 

For me you must draw any possibility take a look on candlestick and know your bias so you are going to stick on it well don't forget the rules profit is profit, don't be greedy, don't chase when the market already on the trend you must wait when the market will pullback before you enter so that the possibility of being lose is lessen.

[meanwords]

I only have a few rule in buying and selling. Buy when the market is bleeding and sell when the market is getting hyped. I know it is risky but the risk lessen if you know what asset you are dealing with. I still remember when the market bleeds at $5,000, that was the perfect time for holders to buy more Bitcoin. Now look at the price we are currently at. Do not be controlled by FUD and FOMO, just study the market history and the current market, that is how you will profit.

[Mulann2]

I really do not think I have the time to do that, following every market movement will be too stressful to me, my strategy is quite different,  o look for a good project, wait for an entry point, buy and hold for a better time to sell, because I can't keep up pursuing the market waves, if you invest in a good project, you don't have to following market all the time, just wait for the right time to sell.

[pawanjain]

That's really a good advice and this must be followed especially by the newbies since they are the most excited ones in the beginning days and try to catch every wave in order to earn more profits quickly and this is where they tend to do the most mistakes.
Newbies should definitely try experimenting in the beginning days but if you are keeping on losing then take a break and find out what you are doing wrong.
Let a few weeks pass and then try to trade again with a better strategy. This will definitely help you in the long run.
Taking breaks are absolutely necessary.

[TheUltraElite]

"Every" market wave does not need to be followed. That would be overdoing it. But I cant speak for the day traders though. They have bots developed just to hook on to every new bull wave and ride to before selling, all done by the bots. It is not profitable everytime but the total losses weigh smaller than the total wins.

If some trader feels that trading is taking out too much money and time from their lives then they should stop trading. Eventually they will come to understand the reason why it was so. Most of the time I have seen people cry is because they jumped on the market when it was the incorrect time. This happens when you dont do your chart analysis first and are in a hurry to invest.