How do you make `Trading` profitable?

[bitgolden]

Honestly if there was one way to do that it would have been awesome but there is so many ways and sometimes they are all wrong and sometimes they are all right sometimes some of them are wrong and others are right and the other days the wrong ones becomes right and the right ones becomes wrong.

So, there is really no way that people could know exactly how to make money, there could be tries and boy oh boy there are tries but like I have said, nobody has figured out a method that would make you money in the short term, the only thing you could find that is buying undervalued stuff in the long run and make profit in decades, that is what long term investors do. Anything that tells you you will make a profit very quickly is usually either lying or just wrong.

[Yamifoud]

Honestly if there was one way to do that it would have been awesome but there is so many ways and sometimes they are all wrong and sometimes they are all right sometimes some of them are wrong and others are right and the other days the wrong ones becomes right and the right ones becomes wrong.

Often to see it wrong because of its volatility and not all the time the market will be in favor to us. We can't be of that perfection even though we spend the whole day analyzing the market and there is no such tool to work also.

So, there is really no way that people could know exactly how to make money...

Some people are wrong about considering trading as a money generator and take profit on it but they never quite instead the keep trying and finally make it right. Trading won't just easily work but having more experience will gladly enhance our capability and this is only a tool to make trading completely profitable.

[Bitstar_coin]

There's no such thing as risk-free trading, and no guarantees that we will be getting profits as well due to the unpredictable conditions of the cryptocurrency market. It's pretty simple though, just simply buy low and sell high based on the TAs from the trading experts (especially the support and resistance level).

At the end of the day, it's still all about money and risk management that we really need to implement. Once you place the buy or sell order, you must understand the risks that you're taking because the market condition is unpredictable and it'll sudden change in any minute or so due to high volatility.

Exactly, if anyone can implement this then they can manage 70% of the trade, there is no such thing as risk - free trade so it will not always be on the favor of the trader, and again, try not to be too greedy and hoping to sell at the top all the time, gaining a decent amount of profit is enough for a sensible trader, use stop loss when required and let things take its cause.

[NotATether]

Just saw this thread.

Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario?

You should use pin bar and inside bar signals. The pin bar is where a candlestick has a high (in upwards markets, low in downwards markets) twice as large as the candlestick size. It usually means the local high (or low) as been reached and the trend will reverse, but this does not always happen.

An inside bar indicates a trend change to bearish if it's already bullish, or bullish if already bearish.

Both signals also form resistances and supports.

[el kaka22]

Some people are wrong about considering trading as a money generator and take profit on it but they never quite instead the keep trying and finally make it right. Trading won't just easily work but having more experience will gladly enhance our capability and this is only a tool to make trading completely profitable.

I think there is no specific method that would allow you to make a lot more profit than all the other methods, that is why you do not see tens of thousands of people here all getting super rich millionaires over night, because if there was a method that worked out that well we would all be using that and you wouldn't see methods that people are creating all the time.

I think the best thing you could do would be to create your own as well like all the other people and if you think it works then you would use that, if it is not working find what is the reason why it doesn't work and fix that part and edit your method into working until you find one that clicks most of the time. You will not be capable of finding a method that works 100% of the time, but at least you could find one that profits over long period of time.

[tbterryboy]

Only a trader who has a crystal ball can set such a task to sell at the highs and buy at the low. Everyone else should be content with what the market currently gives them. If you have completed the task set for you, then you should get satisfaction from the transaction, regardless of where the price goes next.

Okay, you’re able to predict when the price goes on and then it does and you made profit? So why were you not able to predict that the price will go further up? Or you were hurry to cash out and forgot the possibility that the price might still go up after the first increase? Well, you should still be happy that you have made some profit from the increase.. maybe next time you will learn to target your investment on a long term basis and be able to achieve better profit from it.

To make profitable with trading with simple choose buy and selling on good moment, many trader always late for buying some coin after break out to higher price and looks late when buying, but always early for selling their assets before price most expensive.

He’s able to make proper price predictions, but he sold too early and missed out. It’s usually best to go long term when buying Bitcoin, although I do understand that some people cannot hold for that long, and there is always a reason, so it’s up to them to decide what’s best for them, and make sure that it works.

[iv4n]

I trade btc/usdt most of the time, and rarely I jump into some alt, mostly for short run. With bitcoin it's easy, it always recover, so what you should do is simple, buy when it's red, and sell when it's green. You need just a few things to master this, patience and self control, first because you will buy red but not the bottom, so you need to give it time to recover, second don't cut your loses, add more if price dips.
In trading like in gambling majority lose most of the time because of the wish for fast profit, greediness is what eats your capital. Learn when to stop, even if it's low profit! If you push (what I do sometimes) you can't blame the game if you lose (which happens to me many times).

[rodskee]

I trade btc/usdt most of the time, and rarely I jump into some alt, mostly for short run. With bitcoin it's easy, it always recover, so what you should do is simple, buy when it's red, and sell when it's green. You need just a few things to master this, patience and self control, first because you will buy red but not the bottom, so you need to give it time to recover, second don't cut your loses, add more if price dips.
In trading like in gambling majority lose most of the time because of the wish for fast profit, greediness is what eats your capital. Learn when to stop, even if it's low profit! If you push (what I do sometimes) you can't blame the game if you lose (which happens to me many times).

The idea of buying more once another dip comes your way is good for those who have
long patience and good amount of capital.
It helps as once the market recovers you'll be able to generate bigger profits. It's a matter
of how you dwell with your skills.
Most of the time, emotions will hurt you with the volatile nature of this market, you need
to plan ahead and make sure you have enough patience.



Different strategies from different traders' perceptions, as long as you are gaining, even in
a small fraction, better than nothing at all.

[perfect999]

I know right, that’s how it feels, we always want to have everything. There is a topic in this forum that says – Less profit is okay.
And yes the topic is right, getting less profit is okay, you should be happy that you even got over 50% of your investment when there are people seeing the opposite (losing more than 50%).

So don’t be worried about what you have missed, you should learn to be contented with what you have got and then prepare better for the next time when you will be in that position again. I am a long term trader and I prefer it to short term, it works for me perfectly.

[DevilSlayer]

I know right, that’s how it feels, we always want to have everything. There is a topic in this forum that says – Less profit is okay.
And yes the topic is right, getting less profit is okay, you should be happy that you even got over 50% of your investment when there are people seeing the opposite (losing more than 50%).

So don’t be worried about what you have missed, you should learn to be contented with what you have got and then prepare better for the next time when you will be in that position again. I am a long term trader and I prefer it to short term, it works for me perfectly.

In order to become a profitable in the market for a long run, a trader should not focus on earning first. That is the mistakes of a lot of traders where they want to earn big amount of money but they failed to have requirements and it is the studying and allocating most of their time on improving their knowledge. Before you focus on earning and getting rich in trading, first you need to have a care on the things that you still do not know. You cannot learn trading by studying one night and it requires of continuous learning. Also we should not be greedy like the others where we should give care and be happy even though our profits is small. In the end of day, the most important thing is we should learning while earning in trading.

[Shasha80]

In my opinion, the best way to make profit from trading is by selling coins when it reaches the target we have set. If indeed the price
continues to rise when we have sold the coins, there is no need to be disappointed, the most important thing is that we can enjoy the
profit, even though the resulting profit is not optimal. Instead of following our greed by delaying taking profit, and finally the price of
the coins is dumped, we are more disappointed to lose the opportunity to make a profit.

[LUCKMCFLY]

In general terms, when it becomes more profitable in trading is basically when the balance is always positive, no matter how many losses there are, what matters is that the profits are greater than the losses, that is why the losses must be cut immediately, and The profits lengthen them, generally, the traders do the opposite.

[mersal]

In my opinion, the best way to make profit from trading is by selling coins when it reaches the target we have set. If indeed the price
continues to rise when we have sold the coins, there is no need to be disappointed, the most important thing is that we can enjoy the
profit, even though the resulting profit is not optimal. Instead of following our greed by delaying taking profit, and finally the price of
the coins is dumped, we are more disappointed to lose the opportunity to make a profit.

Yes it is better to make the small profits than waiting for big, but for a traditional investor can do lot of things, they can cashout their profits when their target price reached and can continue to hold until the price reach its peak so later as well they can make another small profit which can satisfy the greed.But as you said it is better to make that profits and go for another trade just leave the previous one and regretting about the completed trades will make the things worse.

[wiss19]

Maybe next time you should try to hold for long. Then I have a question – you said you were able to predict the price from $9,150 to the $9,350, why didn’t you use the same analysis that you used to make the accurate prediction to see where the price will be heading to? 🤔Btw, this is not something that you should be killing yourself over, the most important thing is that you got profit and you should be happy did, when there are people who are losing all the time.

In general terms, when it becomes more profitable in trading is basically when the balance is always positive, no matter how many losses there are, what matters is that the profits are greater than the losses, that is why the losses must be cut immediately, and The profits lengthen them, generally, the traders do the opposite.

Yup, it’s important to cut losses, but in his case it’s something different. He said he was able to predict the price and immediately it got to that price he sold it, instead of having some more patience. Sometimes the price of crypto can go down, but that can be just for a short time before it goes for a huge upward movement.

[Harriti]

Yes, the most important thing is still timing. In my opinion, technical indicators only account for about 20% of the win rate of a trade. It is important that you choose the time and psychology of the traders out there like. trade is like a battle of psychology analysis, if you understand the psychology of the crowd, you will surely win. So read a lot about psychology, I think it will help a lot in trading.

[CryptopreneurBrainboss]

Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.

You're not in this alone as I'm still finding it difficult to get my predictions right too either I'm some Satoshi late to buying or some Satoshi early to selling. Late week I bought some coins very late and sold very early too. This trade wasn't a profitable one but since I sold too early i missed out on cutting my lost by almost 20%. Looking at the coin now it's almost -150% down which is a relief since assuming I decided to hold unto my investment, I would have made more lost then what I exited the market with.

Why I saying this is somethings are meant to happen just to prevent further more costly event from occuring. My strategy has all to do with not selling in loss unless I have seen there's no hope in keeping into my bags since all prediction points towards more decline in price. You didn't lose it you sold in profit irrespective of missing out on future profit.

[webtricks]

Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.

You're not in this alone as I'm still finding it difficult to get my predictions right too either I'm some Satoshi late to buying or some Satoshi early to selling. Late week I bought some coins very late and sold very early too. This trade wasn't a profitable one but since I sold too early i missed out on cutting my lost by almost 20%. Looking at the coin now it's almost -150% down which is a relief since assuming I decided to hold unto my investment, I would have made more lost then what I exited the market with.

Can I know what do you mean by decline of 150%?

Say, something worth $100 and we say it is increased by 150% then the thing worth $250.

But what would be the value if it declines by 150%?

I use the system where decline cannot be more than 100% but I have seen several people using negative percentage more than 100%, how this system works?

[justdimin]

Well, the "buy low and sell high" thing is a cliche but it actually works. Now how would you know if it is low or when it is high?

Yeah, simple, if the price drops over 20% over night or suddenly becomes like 50% less or whatever you would know that it is low, and do not tell me it never happens, price was $14k last year spring, it was around $9k this year, it was around $7k during late autumn and early December last year as well, and it reached under $4k this year during the pandemic drop.

So, as you can see there has been a ton of times it went down. Or if you think when it is high, well it reached over $10k multiple times in the past 1 year, we have seen it over $10k so many times, and under it so many times as well, buy each time it goes down and sell over $10k and you would trade profitably.

[goldade]

This is my long-standing question - How do you make Trading profitable?

Now let me explain the point:

I am doing trading in shares, stocks, commodities and cryptocurrencies since last few years. Most of the concepts related to trading such as Trend Analysis and Fundamental Analysis were part of my professional course which made me interested in trading since I was student. Over the years I have been able to read trends accurately many times and bought cryptocurrencies at times immediately before upward trend. But one thing is still mystery to me, when to sell?

For example, around 10-12 days ago, I accurately predicted the upcoming rally in bitcoin price and long 0.50 BTC at the leverage of 25x @ $9150. Two days later, price rose to $9350. I already made 56% return on my investment in just 2 days. Now this is critical point where I always become blank. Once I made profit, I couldn't predict whether it is good to sell or hold for more profit. No matter what I do, I always make wrong choice. Actually I sold my futures at that day but imagine if I didn't sell, my investment would be up by 538%!! Imagine the profit of 538% in just 10 days!!

Same things happen opposite too. Lots of times, I keep holding coins due to FOMO and lose the chance of making profit. Suppose if I would still be holding my futures and didn't sell them today, price may fall again tomorrow and I may have lost the chance of making 538%.

Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.

This is a problem I battled with many times in trading. I do not know the best time to exit a trade. This  went on for some time until I learnt about money management in trading.
The only advice I'd give to you is that you have a stipulated amount of profit you want to take from a trade - this is synonymous to 'take profit' in forex trading. Once you hit your target profit, exit the trade and do not concern yourself with whatever happens afterwards.