Joyawan13 (OP)
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May 23, 2020, 07:46:53 PM |
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Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
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LeGaulois
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May 23, 2020, 07:52:19 PM |
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Real traders trade every day no matter how is the market: red, green, purple, orange... because it's their job. Even after losses they continue to trade. Here people believe they're a trader when they're gambling with $2000.
Do you imagine if IRL traders from banks and institutions stopped to trade because the markets are entering in a dark period (like currently with covid-19 or like in 2008-2009)
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BitcoinTurk
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May 23, 2020, 08:41:34 PM |
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For short-term trades, the market seems to be suitable. Especially recently, due to the start of the market activity and the increase in the transaction volume, I started to increase my daily transaction count. Although I am a trader every day, I follow the market more in such periods and I take care to increase the number of transactions during these periods. In fact, there is always the opportunity to trade for a real trader, but when there are market conditions like this, we have to do more and evaluate our market mobility and evaluate our chances of making more money. Although the market is suitable for making money, I recommend that people who do not have enough knowledge and experience do not trade or carefully, with little stop using stop loss. On the other hand, we should not be greedy in such occasions and we should not leave our transactions to chance after we have achieved the targeted profit margin.
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May 23, 2020, 08:49:10 PM |
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First there are two types of traders. 1. HODLER's (or what most people call "investors") - those who buy the deep and wait for months or even years until they feel they have made massive or enough profits and then sell off. This kind of traders are seasonal and wait for the perfect opportunities to trade. They don't entertain small daily profits.
2. Day traders - They are always trading, whether it's bear Market or Bull Market. They are always riding those daily waves for small profits which they hope to accumulate over time.
So this question is wide. It depends on what kind of trader you are. If it's a day trader then almost any day is trading time. If it's a HODLER. Then you will have to wait for the perfect opportunity. @019, then BTC almost 3K was the perfect Opportunity, In March this year when BTC almost hit 4K was the second most perfect opportunity to get in.
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dunfida
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May 23, 2020, 09:09:44 PM |
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Real traders trade every day no matter how is the market: red, green, purple, orange... because it's their job. Even after losses they continue to trade. Here people believe they're a trader when they're gambling with $2000.
Do you imagine if IRL traders from banks and institutions stopped to trade because the markets are entering in a dark period (like currently with covid-19 or like in 2008-2009)
Absolutely right on what you have said where real traders doesnt really mind on whats the current market condition and come to think that losses is always been part of the risk or they journey that they had taken.We do see that the market still moves which means there are activity between sellers and buyers, there might be people who do turn their back from trading but doesnt mean that it would be applied out globally because real traders would really see an opportunity on declining market where they do saw the chance on buying out cheap and would gain out later on when the market tends to recover. Rinse and repeat the same process then boom = profits.!
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mersal
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May 23, 2020, 09:29:15 PM |
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Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
Its always good time for you to start or get back into trading, the price increase is not really important in trading the price movement in short term matters and its very much possible in everyday with crypt crypto currencies.So get into trade and start to analyse the market before executing your trade order.
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South Park
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May 23, 2020, 09:34:39 PM |
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Real traders trade every day no matter how is the market: red, green, purple, orange... because it's their job. Even after losses they continue to trade. Here people believe they're a trader when they're gambling with $2000.
Do you imagine if IRL traders from banks and institutions stopped to trade because the markets are entering in a dark period (like currently with covid-19 or like in 2008-2009)
Correct, for traders the volatility is their ally and not an enemy, it does not really matter to them the direction the market is taking as long as there is enough movement on the market to generate profits with their favourite trading method, in fact what traders hate the most are static markets in which the price does not move much for long intervals of time, which is why they love this market as everyday there is a lot of intraday action they can take advantage of, and it can be argued that since the drops in the market are even faster on average than the upward movements that they like it even more when the market crashes as they can earn huge sums of money shorting the market.
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chaser15
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May 23, 2020, 09:38:01 PM |
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because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline,
That was your own analysis based on what you have noticed, but the question is, is that really what happened? There is no source where we can see the actual feeling of traders right now. You have to decide on what to do based on what you see on the market and not because of your speculations about how traders are reacting today. and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
Definitely you need to trade to recover your losses. But don't have that mindset as recovering the losses might result into much worst scenario. Practice trades win or lose. That's how you will become a better trader soon.
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Kelvinid
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May 23, 2020, 10:59:01 PM |
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To be honest, you are late already. Why you don't come back when the market drops or even before halving? I know trading doesn't have such perfection but having good timing will catch a good price to start and possibly gain more. Because if we are able to start buying when the market reaches its bottom at $3.8k early this year, it eventually giving you a chance to make it doubled this time. Quite that you miss something around.
That is very important that even you are out from trading you still keep tracking the market trend and take the best opportunity.
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Oasisman
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May 23, 2020, 11:22:17 PM |
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because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
Does a trader stops trading when the market goes red? I think not. Day traders or short traders won't stop trading because the price are always moving regardless if its gaining percentage or lossing in a 24hour price comparison. I guess you're a bit confused about trading and just hodling (basically long term trading).
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yhiaali3
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May 23, 2020, 11:25:03 PM |
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For me I did not stop trading, in such cases when prices fall I do a simple strategy, as I sell a portion of my coins at the highest price and then buy from the bottom again when it falls more. Thus, you can increase the number of your coins instead of waiting for the rise.
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May 24, 2020, 12:32:22 AM |
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Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
Are you talking about altcoin traders who got burned 2018-2019? I do believed that they really leave, specially beginners who thought that it is very easy to make money in altcoin, just throw some money and wait, but it wasn't the case because we have witnessed the bear market already. But for those experience traders, nothing has change, they continue to trade despite the bearish trend and squeeze some money out of it. My advise is just continue to trade though, but this time educate yourself, for beginners it will be a daunting task again, but everyone starts at zero here, no shortcut. Rebuild your portfolio and adapt to the changing environment.
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GreatArkansas
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May 24, 2020, 01:46:28 AM |
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You can trade anytime but not all the time, especially when you are trading margin. I know some people who are much better when a bear market or bull market, like if in a bear market, you can short some cryptocurrency if you are trading in margin exchanges. Always remember, waiting for a good opportunity to trade is the best, don't enter the trade because of FOMO, wait for a pullback or some correction.
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pragna
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May 24, 2020, 04:29:34 AM |
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Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
When real traders was out from trading? Trading is not like that-''this season is bad and we would go out from of trading or now is real time for trading''. Those who are real trader always search way for profit by their trading. It may be market up or down. What you saying is not trading, its for time being trading and they can not be benefited from market. Upset is part of their trading. So giveup this.
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cheezcarls
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May 24, 2020, 05:04:50 AM |
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Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
I honestly think that day traders are trading every single day under any circumstance. No matter if it's a bear or bull market, these traders would keep coming. I don't know what are you going through, but I assume that you are not skilled enough. In order to be a real crypto day trader, you are making a living on this no matter what situation the market is in right now. Losses are expected, and we have to deal with that. The mentality of cryptocurrency trading is that we are expecting more losses than wins. It's all about our emotions that are tested nowadays. In order for you not to be disappointed in your trading results, always put in your mind that you are expecting to lose more than profiting. In that way, your emotions wouldn't be as affected as the other real day traders who are doing this every single day. If you're not skilled enough to be a trader, there are some online course platforms for you to choose from such as NewsCrypto, Udemy, Tradercobb, Trading Heroes and so on. In that way, you'll be on your way to become a skilled trader and may have no problem about coming back strong on trading.
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TheUltraElite
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So anyway, I applied as a merit source :)
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May 24, 2020, 05:46:20 AM |
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Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, If you are talking about 300% gains per day on an altcoin that you never heard of, its a pump and dump happening. <5% rise or fall is normal but more than that you should be careful whether you are being pulled into a trap. whether the market price movements especially for altcoin have started to improve, "Improve" is a relative term here. Mind I ask what altcoins you are talking about? because some traders of course still have a lot of trauma to return to trade, No. Maybe you do. because there may be a lot of losses from a number of traders who have experienced a very deep decline, No. Maybe you did. and for example we did not return to start trading, when else can our losses recover soon, Bearing loss is a normal part of trading. You lose to learn and that you must take advantage of. You have to decide which price to buy and which price to sell at. Maybe you need to observe more than just trading with any coin that you see.
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sheenshane
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May 24, 2020, 06:12:46 AM |
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Tend to agree as what @LeGaulois said, real crypto traders, do trading every day even what is the condition of the market price. Because they know some strategies on how to gamble their money despite if the market is bad or the market is good. You should know how to stop losses, this is a very important aspect in trading in managing your crypto asset, this is if you want to automatically pull out your trade from sudden loss and consider other alternatives.
Anyway, I just want to remind you of this. Just make it sure that you'll never invest more than you can afford to lose and that you never chase your losses. Chasing losses that make you greed and everything may cause of out in control.
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justdimin
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May 24, 2020, 07:15:16 AM |
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some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
You may look for recovering your losses from some other income stream (by freelancing or over-shift in your regular job) which means that you may not need to rush for recovering your losses from trading itself. Because when you try to trade for a reason then you may not succeed but you must trade for a signal. That signal should have been conformed by multiple technical analysis. This may be a time to get back to trading to make profits and definitely not for compensating your previous losses. Losses are losses; accept it and just look for new opportunities to make "fresh money" which may lead to getting multi-fold of your original capital over the time. Do trade naturally. Real traders trade every day no matter how is the market: red, green, purple, orange... because it's their job. Even after losses they continue to trade.
May be they never lose all their capital ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . I guess there would be no sin if we wait for the tides to turn in a favorable direction; I mean it would be much easier to catch the bulls now compared to what we had in 2018 and 2019.
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Dr.Osh
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May 24, 2020, 07:37:49 AM |
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back or not, that was their decision. at this time, many suspect that crypto prices are starting to recover. some people have started a strategy to increase their assets. however, their failure was an action they had taken in the past days, so they already knew the risks they could get when they returned.
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leyton11
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May 24, 2020, 08:27:05 AM |
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Some days I have seen price movements in the market some altcoins have moved again to raise their prices higher, whether the market price movements especially for altcoin have started to improve, because some traders of course still have a lot of trauma to return to trade, because there may be a lot of losses from a number of traders who have experienced a very deep decline, and for example we did not return to start trading, when else can our losses recover soon, I ask for advice and opinions with the big traders here?
You can go back to trading anytime, but it's best to come back when the market is growing. Then you will have lots of opportunities to make money in many areas. margin trading and trading spots are both easy for you to profit. But if you are inexperienced, you may still lose as usual in the bull market. In the meantime, you should learn a lot about TA and the experience of long-time traders. They will show you tips on capital management and profitable trading strategies.
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