What do you really need in your trading?

[tbterryboy]

even if you claim that trading alone affects emotions, then it is a waste of time. I think you better not have to trade.

How come that it is a waste of time when you are affected by your trades? We should not stop trading just because we are affected by our emotions. Psychological attacks always happen around trading world. You can't escape from getting stressful because no matter how you are numb, you always look for the funds you have. If trading does not affect by emotions, there are no lessons we will get from it. Besides, using emotions sometimes will help us to prevent the future loss.

And those emotions are important sometimes because if you become a robot with no emotions and hence no learning you will quickly lose your bankroll. It is emotions that enable us to execute some trades at loss to avoid further loss and saves us from falling into a disastrous situation. I hold many altcoins and some in past become dust but when their price started to drop I actually was emotional or wise enough to sell them and although at loss I still saved much more than I would have if I was not emotional and stuck with those shitcoins.

I think one thing we all need in crypto market is sharpness and awareness because the market is volatile and you have to keep an eye on the news around the market and if you are able to do that effectively you will do good trades more than bad ones.

[Rahar02]

1st reason : they only give a Long or Short signal but do not provide the price to order.
2nd reason : Their signal is not clear so traders can consult carefully before ordering.  I mean Tradwra does not give technical analysis signals to users.
3rd: Tradwra also does not guarantee the safety of traders and also has no insurance package for them.
So I think that Tradwra is not a reputable signal channel and the risk will be very high for traders if they use Tradwra signals.
** I only express my opinion and have no intention of criticizing Tradwra. Thanks

The point is people have to pay 0.03 ETH/month to subscribe but there is no guarantee and his disclaimer; we do not do any advice, use at your own risk.
Look at the signals, from 28 (2020-11-04 13:33:00) to 20 (2020-11-06 01:14:00), you'll know that his signal are; sell, sell, sell, always sell when the best thing to do is buying at low and sell at high.
If someone bought BTC1 in 2020-11-04 at $13,877 and sold it in 2020-11-06 at $15,945 which mean the profit is $2,068 in just 2 days.
That's the moment you know his signal is nonsense and make you lose your capital and monthly subscription fee.

[Tahsin Kabir Kollol]

In trading, you always have to focus on your experience and trading strategy. Instead of being frustrated by others' trading strategies and types, try to determine your own strategy. However, you can compile information from a variety of sources and match it with your trading experience and techniques. If they match your skills and experience, you can use them to make the necessary trading decisions. But in all cases you have to prioritize your own experience and skills otherwise success is not possible by trading.

[TheGreatPython]

What I need in my trading is patience. It's a virtue most persons and traders lack but then, if conceived, it could attract a lot of good fortune for the individual. I need patience in my trading in the sense that, after carefully doing an analysis, patience helps in guiding against loses as it enables you to identify key entry and exit signals or triggers before taking a position in the market.
It doesn't seem like a difficult task but, it has a way of playing with your emotions and before you realize what's going on, your fear is or greed is been laid bare and it's a problem. Developing so much emotions over a trade makes you so unstable in a trade and it's not an encouraged character at all.

Patience is important but a lot of times people confuse patience with inactive behavior or being too relaxed. I have seen traders who work in altcoins market often stay too relaxed and end up losing a lot of money while on the other hand people who are active sell the coins and tokens at the right time and made profit from the same investment.

Patience is important in BTC market because when it drops people panic a lot and start thinking about the end of Bitcoins which is funny to be honest because when the price is reaching next levels like it is now doing, no one talks too positive but if it drops by 1-2k everyone starts sweating, so you need some patience in those times.

[Fredomago]

In trading, you always have to focus on your experience and trading strategy. Instead of being frustrated by others' trading strategies and types, try to determine your own strategy. However, you can compile information from a variety of sources and match it with your trading experience and techniques. If they match your skills and experience, you can use them to make the necessary trading decisions. But in all cases you have to prioritize your own experience and skills otherwise success is not possible by trading.

In everything you do it's always best to keep things that you'll learn something out. Don't frustrate yourself it won't help anything, don't regret if you mised something.

Instead do your best to acquire more knowledge keep moving forward and don't stop learning, many traders failed thinking that it's just an easy access to succeed. you have to realized that you are inside trading where more big whales and sharks waiting for you. Without proper knowledge you'll just be wasting your money, you needed to extend your will to excell and be very competitive.

[tradwra]

1st reason : they only give a Long or Short signal but do not provide the price to order.
2nd reason : Their signal is not clear so traders can consult carefully before ordering.  I mean Tradwra does not give technical analysis signals to users.
3rd: Tradwra also does not guarantee the safety of traders and also has no insurance package for them.
So I think that Tradwra is not a reputable signal channel and the risk will be very high for traders if they use Tradwra signals.
** I only express my opinion and have no intention of criticizing Tradwra. Thanks

The point is people have to pay 0.03 ETH/month to subscribe but there is no guarantee and his disclaimer; we do not do any advice, use at your own risk.
Look at the signals, from 28 (2020-11-04 13:33:00) to 20 (2020-11-06 01:14:00), you'll know that his signal are; sell, sell, sell, always sell when the best thing to do is buying at low and sell at high.
If someone bought BTC1 in 2020-11-04 at $13,877 and sold it in 2020-11-06 at $15,945 which mean the profit is $2,068 in just 2 days.
That's the moment you know his signal is nonsense and make you lose your capital and monthly subscription fee.

I can adjust signal very nice look, good buy, good sell. but that not show the really market. Also if one good entry point, only 10 people copy that totally changed.
In this case signal comes sell side multiple times in short times, that means market manipulated long a lot quickly.
The signal from algorithm is consistency, market is manipulated, trading need more wisdom.
You need find out the signal regularity with you knowledge before to use in real order.

tradwra can use in free but not got signal notify.

[dotcoin.info]

1. Copy trading (High Risk)
In this case, the risks do not depend on you. In fact, you entrust the management of your funds to another person, everything will depend on the quality of his trade.

2. Bot trading (Not under control)
There are different types of bot trading. Automatic where the bot does everything for you. And the type of trade where the bot helps you technically (open and close orders). In the first case, the risks are huge, the bot does not know how to adapt as humans can. In the second, the risks are less since you are trading and everything depends on you.

3. Trading by yourself (Emotional influence, wasted time)
It all depends on your experience and skill. The more experience you have, the lower the risks.

[Wulan_maniez]

A very good recommendation, this can help many traders who want to trade instantly. But I trade so far it is not dependent on others or on paid trading signals.
Because as long as we depend on it all, I become stupid because it’s not my own skill set, and it makes me dissatisfied with relying solely on others.
I’m sorry about all this.
I learned to trade gradually, although it took a very long time. But it can all hone my knowledge and expertise in trading.
However, with paid trading signals, it doesn’t matter either, it’s just my opinion. If the trader wants to use a paid signal trading service, yes go ahead.
All decisions rest with each one.

[hahay]

Following a signal service is the same as copy trading (high risk), right?
To achieve success requires hard work and high struggle, so let them learn from their mistakes because then their experience will grow. So this case is about what is needed in trading so obviously, his knowledge and experience from his flying hours will make trading easy over time.

[South Park]

Nice try in promoting that signal provider but I don't think it's necessary for the traders to have a trading signal service. First of all they wouldn't be able to gain experience or knowledge to that signal provider also in practice you can control your emotions so it would not affect your trading strategy.

Signal providers are for the most part useless and it is not difficult to know why, if someone knew what the market was going to do then he could trade his own signals and make money that way, and in the case he was lacking money then all what he will need to do is to manage the money off other people with a lot of money and make money that way too, as you can see selling signals makes no sense and yet there are many people that still think that is their path to success.

[dunfida]

Nice try in promoting that signal provider but I don't think it's necessary for the traders to have a trading signal service. First of all they wouldn't be able to gain experience or knowledge to that signal provider also in practice you can control your emotions so it would not affect your trading strategy.

Signal providers are for the most part useless and it is not difficult to know why, if someone knew what the market was going to do then he could trade his own signals and make money that way, and in the case he was lacking money then all what he will need to do is to manage the money off other people with a lot of money and make money that way too, as you can see selling signals makes no sense and yet there are many people that still think that is their path to success.

People does have wrong perception towards these signals and as you mentioned where they do believe that this is indeed the path to success but actually those
traders are actually trying to milk out some money to other people by giving off those analysis which are actually can be done by you on your own without the need
on paying up someone for that.

All you do need is your own time and discipline plus your own effort on making trades.You wont need those signals or groups yet everything can be learned via online.
If you arent really that lazy then you would really enhance yourself in no time. Im also a self-taught trader.Yeah its hard but its attainable.

[proTECH77]

Sometimes trading by yourself is more reliable than someone  helping you to trade in the market which he will not know if you will be okay with the current price that is spreading every day by day in the market. It is better to trade your coins by yourself to know what you want and what you don't want in the market exchange not to make you cry I wish I know which is confusing some trader not to sell in the right time,hoping the price will still go up that later lead them to loss in their trade.

[TitanGEL]

Yes you can never be successful without trading skills this will lead to more damage you need to learn the different trends of trading over time and follow the strategies of the trade market need to start with a little capital trading signals help the most in trading. The risk is less here and it is easier to determine the price of a currency if you can analyze the trends of trading signals therefore one's own knowledge and experience is most applicable in trading.

You need to start trading on a demo account. This is the most important rule, I know it for sure) You need to open a real account on the exchange only after 1 year of trading on a demo account. Then trading will be enjoyable and profitable.

Demo accounts will not help you if you want to learn to trade,
because demo accounts can be manipulated, and not according to the direction of the market,
it's better to use real accounts and deposits, you can learn chart analysis in tradingview.

How it can be manipulated if demo account is also relying on real time market events.  I suggest to newbies to first try demo accounts before putting real money in exchanges because that demo account will help them to understand how the market works. Imagine if a certain newbie putted money in exchanges without prior experience wherein he do not understand how to execute a trade. For sure he will make a lot of mistakes because he do not know and used to it. Demo account for months are enough and a trader should get a lot of experiences first before putting real money in his portfolio.

[Josefjix]

Patience
Experience
Persistence

Once you discipline yourself to a certain level where other people's opinions like FOMO don't affect your emotions you're heading to be a great trader. Leverage on your mistakes and let them be your experience. Oftentimes people just want to trade and make profits whereas business is not always for the profit. You have to lose some to gain some.

[$crypto$]

Following a signal service is the same as copy trading (high risk), right?
To achieve success requires hard work and high struggle, so let them learn from their mistakes because then their experience will grow. So this case is about what is needed in trading so obviously, his knowledge and experience from his flying hours will make trading easy over time.

I remember with my own friends who used their premium signals only to be fooled just to buy certain coins so that there was an increase when people bought more, someone admin sold deeper and it became the experience they experienced.

It is not the best thing we have to have experience in risk trading or whatever it will be a lot of lessons we will know which ones are corrected by ourselves because it was an unexpected mistake so we will not regret much compared to having to follow in a group trading signals.

[DevilSlayer]

Following a signal service is the same as copy trading (high risk), right?
To achieve success requires hard work and high struggle, so let them learn from their mistakes because then their experience will grow. So this case is about what is needed in trading so obviously, his knowledge and experience from his flying hours will make trading easy over time.

I remember with my own friends who used their premium signals only to be fooled just to buy certain coins so that there was an increase when people bought more, someone admin sold deeper and it became the experience they experienced.

It is not the best thing we have to have experience in risk trading or whatever it will be a lot of lessons we will know which ones are corrected by ourselves because it was an unexpected mistake so we will not regret much compared to having to follow in a group trading signals.

I also thought that trading signals are the only way in order to become profitable in trading, but I am wrong because joining in trading signal is one of the fastest way in order to lose huge money in the market. I remembered last 3 years ago where I joined in a trading signal group where there is no payment or subscription fee, I'm so happy at first because I thought that I will able to achieve financial freedom but I found out that it is not possible when I experience to lose because of that shitty signals and tips. I do not blame them because I'm aware that it is my fault to be ignorant in the market that is why I'm lose but that experienced give me a lesson that I can use in my daily lives. Right now, I always tell them and saying a lot of warning to the newbies especially those who want to join premium signal groups. Actually 99% or maybe all of it are just scam where it can give you huge losses.

[Janation]

All I need is capital and knowledge.

Knowledge is important though because all the experience and strategies I knew and will know will be very important as I go by. It is hard being an amateur and doing it all on your own but that is where the capital is important, you could just learn from the mistakes you've made and stand again stronger and better than you are previously. Losses happen, it just depends on how you handle it and how you go from there.

[sarmrakib]

Trading is tough way of earning in crypto .We can still earn a lot of from here if we get lots of experience behind it .You mention the three reason behind making of loss but i think we can avoid these three things .I can added here if i can control my emotions and greediness we can surely earn from trading .Besides we have to learn and follow up the news all time to get more profit as well .

[davinchi]

I also thought that trading signals are the only way in order to become profitable in trading, but I am wrong because joining in trading signal is one of the fastest way in order to lose huge money in the market. I remembered last 3 years ago where I joined in a trading signal group where there is no payment or subscription fee, I'm so happy at first because I thought that I will able to achieve financial freedom but I found out that it is not possible when I experience to lose because of that shitty signals and tips. I do not blame them because I'm aware that it is my fault to be ignorant in the market that is why I'm lose but that experienced give me a lesson that I can use in my daily lives. Right now, I always tell them and saying a lot of warning to the newbies especially those who want to join premium signal groups. Actually 99% or maybe all of it are just scam where it can give you huge losses.

Signals themselves are not bad in nature, they are simple things that does TA for you, check indicators and charts, and when something that "should be" good place to buy hits according to those indicators, they notify you to buy, and when it "should be good" to sell according to their indicators they tell you to sell.

It is just a regular method in every investment, normally when things are looking like they are going down or up you can see it in the charts according to certain patterns, doesn't mean it has to happen but there is a chance it might. However in crypto world things do not work that way, you end up with a lot of crazy volatile movements that you can't explain, which is why there is a big number of people who end up with not making any profit when they follow TA.

[palle11]

I can added here if i can control my emotions and greediness we can surely earn from trading .Besides we have to learn and follow up the news all time to get more profit as well .

You can not do much good trade with only following news aspect. You need to balance the trade with technical analysis or chart that you draw. You need a good and well understandable chart that will help you in the market. If you stay with only the news, you will miss the trend that is either sustained from the old or formed from the new.

The emotion is important to check but difficult thing to do. Our emotion is unstable then our greed will increase. It need to be checked.