Do not follow every market wave

[Ifemini]

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. 

[minairia3]

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. 

We can never know the flaws of market. You are right, market is really an headache just for today bitcoin hike reaches 9939 at binance and go back to 9500 plus. See the volatilty in just few hours you can gain and loss already huge. If you were not careful on monitoring the market and you are bidding a pricr you probably can missed the train. This is the scariest part of trading, you never really know when you are going to get rekt or gain profits. Unless you really buy at bottom low and sell now. Profits should be locked in if you reached the target, dont be greedy cause market is very tricky.

[JHORN]

You are right, it get to a stage that I just halt my trading order, cancel everyone of them because I can't figure out where the market is heading, many predicts that price will dump but now Bitcoin is surging and so some few altcoins too, I'd rather just wait for any future dumps and buy back, at least I get out when Bitcoin hit 10k

[Iyeman]

that's true and the majority of newbies were following the waves and when the market gets a pump and they were massively buying the token and they didn't know if the token will be dumped again after it has reached the peak price.
Buy in the reverse condition and when the market was stable is the best time to follow it.

[nicecrypto]

Yeah bro, you are right, it is too stressful to follow up with market movements,  today I was watching in binance how btc was flying up to 9.9k+ but suddenly it just started going down to 9.6k+, all this happens within minutes, this can definitely stress someone out, at a time I thought it was beginning bullrun

[hushpupppy]

This is a clear indication that the market is larger than anyone and you cannot just sit around and follow all.

You need to have a strategy, which means you need to dyor always to have a strategy

[Ryushin]

You mean just like what happened when Bitcoin halving was coming? Most traders get rekt on the day that Bitcoin decline from 10k back to 8k, I'm glad I took my profit instantly, the best advice is never let greed consume you

[masterrex]

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. 

I think my opinion as a day trader is simple! Just leave everything in balance, don't put the unnecessary weight in your shoulders, let it work as it was, and just ride with the flow don't fight it. Bulls and Bears come and go thats why it doesn't matter the most because it's a normal thing in the crypto industry. the volatility, Fud, Fomo, etc are all part of the system so don't make it more complicated for you, because, in the end, the results of all your action will determine your next move. whether you stay or out.

[Kupid002]

You mean just like what happened when Bitcoin halving was coming? Most traders get rekt on the day that Bitcoin decline from 10k back to 8k, I'm glad I took my profit instantly, the best advice is never let greed consume you

always take your profit every time you see the opportunity  to sell your coins in profit .

Keep in mind that you can easily rebut back the coins in much cheaper price so no need to be afraid of taking your profit every time you feel that its time to sell.

[abel1337]

You mean just like what happened when Bitcoin halving was coming? Most traders get rekt on the day that Bitcoin decline from 10k back to 8k, I'm glad I took my profit instantly, the best advice is never let greed consume you

always take your profit every time you see the opportunity  to sell your coins in profit .

Keep in mind that you can easily rebut back the coins in much cheaper price so no need to be afraid of taking your profit every time you feel that its time to sell.

There are different strategies on selling assets, But there is a person who is just focused on the profit they can get so if you are that kind of person it's better to sell it then wait for another dump to happen. At least even if the price bounced back you get a profit from it. Profit is profit, right?

[ethereumhunter]

I guess that is not wrong. As long as you have the knowledge or the information to analyze the wave, I think you can follow the wave and that the benefit to yourself. But yes, it is difficult to analyze the wave since we don't know how high or how low the price will move so only with careful we can follow the wave. Don't feel that you can always take the profit because that can lead you to become greedy.

[batang_bitcoin]

That is not wrong. If you like following every trade of others then you should be cautious if the trade will be beneficial for you or not. I don't find it wrong if you can manage yourself as you trade. This is a very volatile market and each thing you do must be considered and planned many times.
What is wrong is when you trade and lose and then you never absorb any lesson from it.

[betty11]

People that follow and dive into every market trend end up destroying themselves. I just pick few selected coins and trade them. I don't chase HYIP or already pumped coin. I let it go because there is another day in paradise.

[poodle63]

You mean just like what happened when Bitcoin halving was coming? Most traders get rekt on the day that Bitcoin decline from 10k back to 8k, I'm glad I took my profit instantly, the best advice is never let greed consume you

It's not, he means about people must not try to get into the market when it was in the condition of a big waves (pump). People must think about their position when they were trying to get into the market at the pump.
It will be putting their position into the a big risk caused by we didn't know when the whale will be dumping the market again.

[Rubick99]

Don't follower in the market, that indicate you're not be able to be trader, don't know the technical and fundamental of trading. Its dangerous for follower who just decided to buy a lot of coin when its bullish, then hoping can get much profit with following the wave that you don't know what is that. Its very risky if you buy at highest price then its dump.

[milandres0207]

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. 

The market so far was so unpredictable and it's hard to determine when the price goes down or up. And this because of the volatility happened in the actual trade market. But if you know to yourself that you are one of the expert's trader well, for sure at the end of the day
you will always gain crypto

[Malam90]

As a day trader, i follow the current trend and try to buy and place sell order at higher rate to earn daily profits but this never creates pressure on my shoulder for BTC and ETH. When i see the rate dumps after my purchase, i don't see regular market trend just for few days. After few days later, i just check once the price. We have to bear in mind that in trade, it either goes to bull or bear but this can't put pressure on shoulder.

[BlacksmithCorporation]

That depends a lot on each person's knowledge, experience and trading method, but to do it like you is not easy, we need a long training process.

[Asuspawer09]

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. 

You can't really predict the movement of the market accurately every time, I think someone could manage to follow the movement of the market and actually make a profit from that it is riskier since you are going in and out but it will give you more profit than just investing in that particular token and waiting for the market price to pump.

It really depends on what is going to happen in the market but if you get lucky buying when the market is a dump and selling when the market is high is more profitable considering the time you are going to give when just waiting for the bull.

[Review Master]

If any regular traders research properly than it won't be a pressure for the traders. Even any regular traders know that the downfall will recover soon. But we can make our own strategy to buy-sell in any crypto. We can buy any crypto part by part like first time buy using the 40% of total funds and if the price again dump than buy in deep using 20% of total amount . It can vary form person to person.  Just make own strategy which can be afforded by yourself .