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Author Topic: Do not follow every market wave  (Read 1472 times)
BitcoinTurk
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May 14, 2020, 05:35:02 PM
 #21

Markets constantly witness price fluctuations due to their nature. This is also the case in crypto money markets, and price fluctuations are higher compared to other markets. As I said before, opportunities never end in the cryptocurrency markets. For this reason, it is necessary to evaluate every price fluctuation as an opportunity and not to take action in a hurry to catch this opportunity. Yes, you may have lost a serious earning opportunity today, but in case of a possible reverse action, you will have protected your capital. On the other hand, the opportunity that you think you missed will perhaps provide you with a more attractive repurchase. For this reason, you should not strive to evaluate every opportunity and take care to evaluate the guaranteed opportunities.
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May 14, 2020, 06:48:20 PM
 #22

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.  
It's true getting yourself to follow every trade wave is really a bad idea because you mihht not get a good profit, and it is much better to trade on your own strategy that you don't follows anybody's decision on their trades. You will only feel pressure if you constantly do this.

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Teawhalee
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May 14, 2020, 07:48:10 PM
 #23

No good trader will trade all market waves. Anyone trying to hop from one trade to another is just on a mission to get lost. Knowing when to trade , what to trade , why to trade it, how the particular instrument behaves is one of the things that makes you be a good trader

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Kasabus
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May 14, 2020, 08:05:09 PM
 #24

No good trader will trade all market waves. Anyone trying to hop from one trade to another is just on a mission to get lost. Knowing when to trade , what to trade , why to trade it, how the particular instrument behaves is one of the things that makes you be a good trader
The best part in trading is when you know when is the best time to enter into trading and the best time to exit. It's not necessary to trade in every market wave because it will only lead you to being lost in focus and resulted into losses. Another thing is you will become greedy which is not a good trait as a trader. Just focus on your original plan and take step one at a time.

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landoffaucets
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May 14, 2020, 08:25:15 PM
 #25

This is the strategy of traders, they analyze market when it goes to the right and before next moves happen they open their position (buy or sell) based on probability. If you do not want to trade, then just HODL and pray that everything will be fine in the future.
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May 14, 2020, 08:55:27 PM
 #26

It's not really as it's been said, but it's actually the fact trading without pressure would help curtail lots of losses and when one sees it's coin dipping because of fear and pressure next action is to sell and jump into another one that may also dip again. Let's learn how to observe market and trade without pressure. It will help alot and also learn not to apply greed when trading.

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May 14, 2020, 08:55:55 PM
 #27

If you are a beginner trader you might only spend your funds in the scope of crypto and added high voltage makes you astonished to sell your assets that have not got the value then move it to altcoin who believe it can generate more profit.However, in fact it will not have any impact but will add to the loss.

The main key to success is in the value of assets that are getting more valuable. Recommended Crypto Trading platform Binance.com
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May 14, 2020, 09:32:45 PM
 #28

You are absolutely right, trading without pressure helps and also knowing when to sell and when not to sell but issue many do have is, selling and jumping for the second move, it may work for sometime but 80% of second trading of same coins ends up being lost. So it's best to trade confidently and know the exact time to sell off and tokens to buy. Coodinate self while trading.

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May 14, 2020, 09:39:05 PM
 #29

Though that recommendation of you is right but there are still people who are really doing the same mistakes over and over.

I've been using a very simple strategy that I know everyone can do if they just believe that the trend for now will not be broken.
For years, I've been buying at dip and sell at peak without looking back, of course I don't want to be greedy.

now you can ask me how did I do that, of course with proper timing based on your own evaluation of the market, and I would say I am not right all the time but as long as I right most of the time, that all matters to me.

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May 14, 2020, 09:39:22 PM
 #30

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. 
Even every indicator will give you more pressure so just keep few indicators for your analysis and go with that all the time.If nothing goes on your side then stop trading for a while then you can get mental strength back to tackle the conditions.
ene1980
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May 14, 2020, 11:06:57 PM
 #31

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.
It depends upon individual experience, if you take a look at the market and the daily volume you will understand what is going on. You do not necessarily act on every market movement but there are people who make a call on every movement. You choice what mode of trading you are comfortable with according to your skills, if you are well versed then option trading is where you make the maximum money but the risk level is much higher.
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May 14, 2020, 11:12:54 PM
 #32

My experience is watching the 1h or 4h waves to make judgments about resistance or support lines based on indicators like Fibonaci. Market movements are hard to predict but if you equip yourself with in-depth knowledge on the analysis of trading indicators, you can make an almost accurate decision about the price fluctuations to earn gain a lot of profit when trading on this cryptocurrency market.

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May 14, 2020, 11:15:52 PM
 #33

People either get into fomo and try to chase the pumps or thry panic quickly when they see market going down, in noth the cases they end up in loss, so it is about trading psychology more than anything else.

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May 15, 2020, 12:02:21 AM
 #34

You need to open a deal only when you understand what the situation is on the market now, when you can predict what the outcome will be. In other cases, this is fraught with loss of funds.
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May 15, 2020, 12:45:32 AM
 #35

My experience is watching the 1h or 4h waves to make judgments about resistance or support lines based on indicators like Fibonaci. Market movements are hard to predict but if you equip yourself with in-depth knowledge on the analysis of trading indicators, you can make an almost accurate decision about the price fluctuations to earn gain a lot of profit when trading on this cryptocurrency market.
The possibilities of rewarding yourself is high if you have good plans and if you are following the right track while trading inside the exchange. If you have good insight and if you will follow strategy that you understand well placing your position and made the right timing expect to earn from this business. It's your keen interest to learn skills that will turned to your advantage.
ahyadinnn
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May 15, 2020, 01:00:18 AM
 #36

This is the strategy of traders, they analyze market when it goes to the right and before next moves happen they open their position (buy or sell) based on probability. If you do not want to trade, then just HODL and pray that everything will be fine in the future.
to do HODL it takes a long time, maybe for beginners to learn to analyze the market first there are many media to learn one of them in this forum or can directly search for it on youtube, many people share knowledge about trading for free
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May 15, 2020, 01:02:17 AM
 #37

 market Waves can be regarded movements in stock price and in consumer behavior. Investors trying to profit from a market trend could be described as "riding a wave." A large. though when considering trend it can be followed. but most time does work well. but if proper analysis is done it can be followed base on basis one have.
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May 15, 2020, 03:56:18 AM
 #38

There are 3 types of a trader, type one scalping trader. You just need several minutes most of this trader use TF 15 to to make an analyst. The second type is day trading, most likely this trader only use TF 1 day to entry and take a profit or lose for one day. And third type is swing trader, at least they need one week to close their entry. So which trader are you?  Your question will be answered if you know these types and also it is depend on trader itself. If they comfortable to choose become scalping trader they will know every wave that will come and they can will fine of it.
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May 15, 2020, 04:47:53 AM
 #39

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.
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May 15, 2020, 04:55:18 AM
 #40

You are right, however.As a trader one has to see new market trends.This is the normal process. Bitcoin and Etherium in particular need to look at market sales & buy.Then the system of the market can be understood.

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