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Author Topic: Do not follow every market wave  (Read 1472 times)
acdc
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June 10, 2020, 06:26:02 PM
 #101

Most newcomers in the market are exposed to POMO and lose their money. They are always afraid that prices will rise and not have their share, so they often buy at high prices and suffer losses.
Over the years participating in the cryptocurrency market, I have understood that buying when the market collapses and selling when everything looks good.


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June 10, 2020, 08:23:21 PM
 #102

Most newcomers in the market are exposed to POMO and lose their money. They are always afraid that prices will rise and not have their share, so they often buy at high prices and suffer losses.
Over the years participating in the cryptocurrency market, I have understood that buying when the market collapses and selling when everything looks good.
FOMO is the main source of money for everyone who came in this market a long time ago. if there is no FOMO then we will not be able to earn money. so we just act smart and make good money


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June 10, 2020, 08:27:12 PM
 #103

It will be glaring enough that anyone who follows all market wave is not a good trader but a gambler. Trading has a pattern and not a quess work. If you are quessing you will keep hoping from one trade to the other with many loses.
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June 11, 2020, 01:29:05 AM
 #104

Most newcomers in the market are exposed to POMO and lose their money. They are always afraid that prices will rise and not have their share, so they often buy at high prices and suffer losses.
Over the years participating in the cryptocurrency market, I have understood that buying when the market collapses and selling when everything looks good.
FOMO is the main source of money for everyone who came in this market a long time ago. if there is no FOMO then we will not be able to earn money. so we just act smart and make good money
FOMO is only applicable for those who have accumulated the tokens before it. The late players will always be the victime caused by they have bought it when the early buyers were dumping their coins to the market to take the profit.

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June 11, 2020, 02:18:42 AM
 #105

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.
Well we have different strategy, so if you think following market wave can help you with your own trade or can give you idea to be a better trader then why not, it depends on us.

But much better to have your own plan and strategy. Know when to take advantage the market because its important in order to make profit.

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June 11, 2020, 02:41:19 AM
 #106

most people who follow the wave when trading ordinary crypto will experience a big loss because they buy it when prices are at a peak, that's why it's good to invest when the crypto market is down or is stable.
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June 11, 2020, 02:52:12 AM
 #107

most people who follow the wave when trading ordinary crypto will experience a big loss because they buy it when prices are at a peak, that's why it's good to invest when the crypto market is down or is stable.
before trading any assets, especially for daily trading of course we must understand the character of the market and the character of the coin movement that we will trade. when you choose and do not know how the movement of the traded coin market, it will cause losses. do not just choose assets.
filterMX
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June 11, 2020, 04:36:42 AM
 #108

very risky if you invest following the wave movements in the cryptocurrency market because I have experienced it myself when the crypto market reaches its peak price, I think this is the beginning of an increase, then when the market goes down then a big loss has befallen me.

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June 11, 2020, 05:01:30 AM
 #109

Most newcomers in the market are exposed to POMO and lose their money. They are always afraid that prices will rise and not have their share, so they often buy at high prices and suffer losses.
Over the years participating in the cryptocurrency market, I have understood that buying when the market collapses and selling when everything looks good.
FOMO is the main source of money for everyone who came in this market a long time ago. if there is no FOMO then we will not be able to earn money. so we just act smart and make good money
I feel like FOMO is the act that one will take advantage of other mistakes. For traders who joined the market a long time ago, they'll try to create the fear-of-missing-out to others but avoid getting it their own. In that way, they can avoid the risk of being reduced their capital for nothing. Leaning on the market wave may not be a smart move, but it brings instant profit that someone will need.

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June 11, 2020, 05:50:34 AM
 #110

Most wave happens if BTC price surges some token went as much as 100% change in a single day it's good for the holders but its a trap for new investors, some investors will do impulse buying and that is where the problem starts.
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June 11, 2020, 06:03:49 AM
 #111

To some extent, it is good to follow the market trend in order to draw technical analysis from what altcoins to follow and which ones not to follow. Some trends give clue as to whether to buy in or sell out. It is not always a bad idea to follow market wave. It only becomes bad when the investor or trader FOMO in without making any research or analysis before jumping on board.

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June 11, 2020, 08:16:49 AM
 #112

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. 
To avoid unnecessary trading risks it's safer to prepare for bull and bear together, plan to take advantage of both, with bull market available sell your Bitcoin at high price for stable coins and wait for price dump to buy back, I've done this several times and the results are good

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June 11, 2020, 09:09:48 AM
 #113

Pace of market is not really certain most times. So, do what you think suite you. People Stoll make money in bear market. Just know when to take your profit.

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June 11, 2020, 10:51:20 AM
 #114

One thing I learn from trading that explains exactly what you said: chose your own battle. Never hop on every wave and trend if you don't know any single thing about it. Your fund is not unlimited so you should be careful. Let your brain and yourself rest from the stress to make a rightful decision when it needed.
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June 11, 2020, 11:35:41 AM
 #115

One thing I learn from trading that explains exactly what you said: chose your own battle. Never hop on every wave and trend if you don't know any single thing about it. Your fund is not unlimited so you should be careful. Let your brain and yourself rest from the stress to make a rightful decision when it needed.
The possible thing to do from the waves to short it but it's too risky to do that.
People must never try to get into the wave and they must remember the main point to trade never try to follow the bullish trend but just try to use the reversal trend (dump) as the point to buy.

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June 11, 2020, 11:52:58 AM
 #116

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. 
One thing is for sure is not follow everything so quickly without analyzing it.  Do not ever try to enter something that you can handle it. Just try to learn something with bright thinking.

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June 11, 2020, 02:08:04 PM
 #117

Yeah i go with that, many is not been factual about the presentation made in their site, as it been done with biasness which can make investor or give investor wrong impression thereby make wrong decision, hereby loose there money, personal research is needed for proper and good decision.
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June 11, 2020, 03:07:04 PM
 #118

Of course, we must analyze further before investing in cryptocurrency, but not a few also invest by following each wave of trading and finally they are frustrated when the cryptocurrency market suddenly dumps.
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June 11, 2020, 03:11:20 PM
 #119

Of course, we must analyze further before investing in cryptocurrency, but not a few also invest by following each wave of trading and finally they are frustrated when the cryptocurrency market suddenly dumps.
if for a beginner and plunge into trading when the market is in the pump of course it will be difficult. the market is moving fast and the skills to analyze the market will of course be very lacking. that brings us to a loss. but for a trader who is already proficient, they can see every possibility and opportunity in a high trading wave.
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June 11, 2020, 03:22:19 PM
 #120

Much better if you trade with study and you have to study about risk management too so you can trade profitionally without losing too much money in trading. In this way you can follow the flow of the market with precautions to avoid too much losing of money.

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