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Author Topic: What I think every trader should do to stay in the green  (Read 1529 times)
jossiel
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December 17, 2020, 08:45:17 PM
 #21

"You need a strategy"
Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades.
Just as  I think before but you know what, most traders are dealing with hardship in making their trades profitable. In the real situation, traders get a lot of failures before getting the right mixture of strategy in order for them to attain profitability.

I'm done with trading and it's not that profitable to me, well at least its the day trading that I'm mentioning. And the strategy that I've learned from the others is no other than holding. Accumulating and holding works great for me and I don't want to get rekt again by doing day trading.

Yeah, trading is difficult and it hurts me to see how many people are losing lots of money. Thats why I think everyone needs a strategy - to know what is the worst case scenario and what is the best case scenario.

For me this was a game-changer. Because I realized that, with the right strategy, I didn't even have to risk that much money but still have the same potential.

One of my most important rules that I use to stay in the green is to NEVER lose more than 2% on a trade, never never never. I always set the stop loss at 1-2%. In that way, I will never panic and if I realize that I have too many losses in a row, I pause my trading and evaluate why I keep losing.
Setting stop loss is a good strategy. When I was newbie, I don't know about this feature the exchanges have and that's why I'm losing more than what I have.

It is a good deal that you only set it from 1%-2%. I've seen others are putting it above from 5%-10% which surely will hurt you whenever you just keep seeing the market don't go along with what you're trying to trade. It is an interesting strategy when you've said that you don't have to risk that much money as 1%-2% isn't a lot compare to what me and other newbies did before at least when I'm still day trading.

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December 17, 2020, 09:28:25 PM
 #22

"You need a strategy"
Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades.
Just as  I think before but you know what, most traders are dealing with hardship in making their trades profitable. In the real situation, traders get a lot of failures before getting the right mixture of strategy in order for them to attain profitability.

I'm done with trading and it's not that profitable to me, well at least its the day trading that I'm mentioning. And the strategy that I've learned from the others is no other than holding. Accumulating and holding works great for me and I don't want to get rekt again by doing day trading.

Yeah, trading is difficult and it hurts me to see how many people are losing lots of money. Thats why I think everyone needs a strategy - to know what is the worst case scenario and what is the best case scenario.

For me this was a game-changer. Because I realized that, with the right strategy, I didn't even have to risk that much money but still have the same potential.

One of my most important rules that I use to stay in the green is to NEVER lose more than 2% on a trade, never never never. I always set the stop loss at 1-2%. In that way, I will never panic and if I realize that I have too many losses in a row, I pause my trading and evaluate why I keep losing.
Setting stop loss is a good strategy. When I was newbie, I don't know about this feature the exchanges have and that's why I'm losing more than what I have.

It is a good deal that you only set it from 1%-2%. I've seen others are putting it above from 5%-10% which surely will hurt you whenever you just keep seeing the market don't go along with what you're trying to trade. It is an interesting strategy when you've said that you don't have to risk that much money as 1%-2% isn't a lot compare to what me and other newbies did before at least when I'm still day trading.

For people whom do make out some swing trades or mostly away from keyboard or not really that active then setting stop loss would be recommended but when you do
actively make trades then this one wont really be that necessary or needed because you can actively stop or cut those orders with your own decision or on spot.

We do only have one target which is to stay into the green side no matter what strategy or behavior you do have as long it do looks effective then better stick with it.

Don't let yourself get too greedy or else it will mess up the entire thing.

R


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December 17, 2020, 09:57:29 PM
 #23

"You need a strategy"
Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades.
Just as  I think before but you know what, most traders are dealing with hardship in making their trades profitable. In the real situation, traders get a lot of failures before getting the right mixture of strategy in order for them to attain profitability.

I'm done with trading and it's not that profitable to me, well at least its the day trading that I'm mentioning. And the strategy that I've learned from the others is no other than holding. Accumulating and holding works great for me and I don't want to get rekt again by doing day trading.
And there is nothing wrong with that, it is important to admit when we are not capable of something instead of deceive ourselves, while trading can be very profitable the same can be said about holding your coins as well with the advantage that you do not need to make anything except buying from time to time and in the case you want to cash out for fiat then you can and it is very likely your capital gains are going to be free of taxes if you held your coins for long enough.

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December 18, 2020, 04:43:47 AM
 #24

I don't think it will be possible, to stay forever in Green, Green and Red are part of the game.
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December 18, 2020, 07:10:34 AM
 #25

This is why I would like to say that have as much green trades as you can, but if you ever have few red ones do not be worried because that is in the nature of trading world and you will make some loss in the end even if you like it or not.

Well said, I remember trading in the forex market back in the days. For each trade then I executed, be it a buy or sell order, I always start the off been in red although that doesn't mean the trades always end that way. Same thing can be said about the crypto market in some way. Lost are part of the process. You even gain more when your lose due to the lesson that comes with losing. A trader that continuously wins will get over confident and might make a mistake that'll cost that traders all or most of their profits. There is this popular phrase that say, 'losing is part of the process of winning' and every trader can testify to this been true.

The title of this thread was carefully picked to draw attention to the thread as this to me is some kind of advertisment in my opinion. The Op is only trying to shill their platform to gain some clicks. While what they highlighted is quite informative, we shouldn't ignored the fact that most of the so called professional traders, claiming to be winning with all traders and giving solution to your lost issue are only doing those to sell whatever they are selling and that's all.

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December 18, 2020, 01:59:41 PM
 #26

I don't think it will be possible, to stay forever in Green, Green and Red are part of the game.
Literally it is possible to stay in green as a trader in long run if they are good at managing funds and making decision with their trades.But red and green are common scenario of trade after trade so we have to just let it go and take the future trade as more serious and keen about not making the same mistakes which made earlier.

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December 18, 2020, 03:05:34 PM
 #27

it is impossible to stay on the green signal all the time, because it will be difficult to establish such a position. and I feel like it's not trading. In the world of trading, the value of red and green signals or better known as the ups and downs of prices is a natural thing, in general there will always be in terms of trading.
As for the strategy of holding on to the green signals, this is the way market analysts do, even they cannot fully guarantee it.
The point is that the red signal is very important to buy cheaply, if it continues to hold on to the green signal, of course you have to trade for a short time and always watch your commuter screen, watching the price movement without blinking.
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December 18, 2020, 03:33:12 PM
 #28

Traders should stay focused on their asset by monitoring the fluctuations, because this helps them become updated with every changes. Having gains to stay in green signals is very difficult to maintain while market sometimes saturate due to resistance. Long term holds will be effective for a meanwhile so trying this as an alternative strategy might be efficient as well.
You just said something more important mate, there are traders in the industry that won't check on their portfolios until they deem fit to which is wrong indeed. Asset should be check regularly except the portfolio holder in question belong to the class of the whales. What i will advise every trader to exhibit is: be such that have a managerial skill in managing your portfolios, don't buy into the FOMO becasue the result always end in loss.

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December 18, 2020, 03:44:32 PM
 #29

A trader should not worry about staying in "green", the market is wide and there are uncertainties; instead a trader should take profits in green and also re ascertain their investment claim. You should not worry about how long the bull run will last; you worry about how soon you take your profit and wait for price correction.
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December 18, 2020, 05:46:39 PM
 #30

So, according to your post, it seems that for traders, in order to stay green, they should use your website. Well, it's okay to use your website since you offer it for free and don't require anything, no complain about that but the way you promote your website is a little bit shameful. You could just open Announcement thread and write more details here.

I still think that this calculator means nothing. You can't plan trading because you can't control good and bad moments. If there are a lot of good moments, then you have to break through your strategy and follow the flow. If there are bad moments, you won't be able to profit but you may lose, still better to leave your strategy for a while. That's why I think it's useless.

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December 18, 2020, 07:25:38 PM
 #31

A trader should not worry about staying in "green", the market is wide and there are uncertainties; instead a trader should take profits in green and also re ascertain their investment claim..
staying in green without doing actions for what ? you dont control the market and you wont say you have a better coin for you to remain in the green zone because that wont happen .

 btc is a better coin but btc can step in a red zone  .

i guess what he mean if staying in green is to stay in profit . doesnt mean that you saw a green your now going to sell , no because there are green but the increase is 0.1 percent or lower
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December 18, 2020, 07:53:38 PM
 #32

Tbh, the best thing you need to know here is where to sell. Nobody in this world can predict it to you. For those who sold at peak, congrats to them because they're now enjoying their real gains instead of still holding it under the pressure of waiting for longer to reach a much higher ATH. Come on folks, it's Christmas coming and so, there will be a selling pressure added at some point soon once people realize they've got enough expenditures to have covered before the festival arrives. This is the only thing a trader needs to know IMHO to be in greens. Wink

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December 18, 2020, 09:15:01 PM
 #33

Always staying in green should be the goal of every trader, however try to realize that red is not always the enemy, you just have to befriend the red as well as green because no matter who you are, there are times you make a loss.
It can't be all that way all the time. The volatility of the market will ruin that plus the so-called emotion that will affect to our decision making.
Though we wanted it to keep in green and profitable but unfortunately, we don't have such control.

This is why I would like to say that have as much green trades as you can, but if you ever have few red ones do not be worried because that is in the nature of trading world and you will make some loss in the end even if you like it or not.
Emotional trader won't see good result but just a lose one.
It is to remember that we are not in control with the market movement, thus, if we are not able to become adoptable to the market there is no way we can help no matter if you have a good strategy.

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dunfida
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December 18, 2020, 09:38:12 PM
 #34

Tbh, the best thing you need to know here is where to sell. Nobody in this world can predict it to you. For those who sold at peak, congrats to them because they're now enjoying their real gains instead of still holding it under the pressure of waiting for longer to reach a much higher ATH. Come on folks, it's Christmas coming and so, there will be a selling pressure added at some point soon once people realize they've got enough expenditures to have covered before the festival arrives. This is the only thing a trader needs to know IMHO to be in greens. Wink
Its up to someones decision and we can presume out that there would be sell-offs into this upcoming holiday season which isnt something new but who knows that the price might really be stagnant for a while.
For those who did really sold in the peak then i do really consider them to be wise as always were there are people who doesnt really take long too much on holding their coins and once they do see the gains
then they do immediately sell off without any hesitance.You should really be having this kind of behavior because this will give out really some advantage compared to those who do decide
to hold and wait up for some moon but comparing on profit intensity then we can really tell the difference.

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December 18, 2020, 09:46:56 PM
 #35

The very nice and acceptable way of introducing the website, you have to focus on advertising for attracting more traders. Focusing on the long-term goals is the key before thinking about how to make a big buck in trading, not all traders have a deep understanding of how financial markets work. Turning the trading strategy into a profitable one requires sleepless nights and having bad results based on past market activities shouldn't change the long-term trading goal.

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December 19, 2020, 12:33:05 PM
 #36

I took my time to read carefully, you have done a good job by the points you started. Just like what I always tell my guys, you can't start what you know nothing about. This is like a course, and it will be very bad to dable into what you don't know. They say Rome was not built in a day. It takes time to learn about trading. There are green light, to know when to go into trade, and I remember how I made some mistake the first time I started TRADING on forex. It was so back to I lost close $100 in just a day.

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December 21, 2020, 04:29:36 PM
 #37

I remember trading in the forex market back in the days. For each trade then I executed, be it a buy or sell order, I always start the off been in red although that doesn't mean the trades always end that way. Same thing can be said about the crypto market in some way. Lost are part of the process. You even gain more when your lose due to the lesson that comes with losing. A trader that continuously wins will get over confident and might make a mistake that'll cost that traders all or most of their profits. There is this popular phrase that say, 'losing is part of the process of winning' and every trader can testify to this been true.

The title of this thread was carefully picked to draw attention to the thread as this to me is some kind of advertisment in my opinion. The Op is only trying to shill their platform to gain some clicks. While what they highlighted is quite informative, we shouldn't ignored the fact that most of the so called professional traders, claiming to be winning with all traders and giving solution to your lost issue are only doing those to sell whatever they are selling and that's all.
I think you do not gain more when you lose thanks to lessons Cheesy.

I think a loss is a loss, and a profit is a profit. I understand your logic and I agree that even when you lose, you gain at least something, you do not gain "more" than actually profiting but it is not a complete loss and it is not for nothing, I agree that you gain something in return which is experience and experience is not something you can put a price tag, some people like you can value experience and lessons a lot more than money but it depends on the price as well.

Earning 10k is a lot more than losing 10 dollars and gaining a lesson, because a lesson you gain from 10 dollar lost will not be much, plus losing 10k would mean you would learn a huge lesson but you are down 10k dollars which is a lot. Hence I think everyone should aim at profit in the long run, even if not for each trade.

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December 21, 2020, 10:12:03 PM
 #38

I don't think it will be possible, to stay forever in Green, Green and Red are part of the game.
Literally it is possible to stay in green as a trader in long run if they are good at managing funds and making decision with their trades.But red and green are common scenario of trade after trade so we have to just let it go and take the future trade as more serious and keen about not making the same mistakes which made earlier.
With one goes the other. Most important part is to be more in green then in red. It sounds easy but be sure it isn't.
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December 21, 2020, 11:18:21 PM
 #39

strategy in my opinion is very important. without a strategy, the capital that you run will be lost regardless of the amount without proven strategic techniques. because trading is a mystery, sometimes you have to prepare a strategy and plan that is careful so as not to be easily exposed to loss quickly and keep the market green
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December 22, 2020, 07:09:16 PM
 #40

Getting familiar with the coin you wish to trade must be the first important thing that you need to consider for once you have already get familiar with the market of the coin you are aiming with, you can create strategies somehow that can work on considering the observations you have got and that will be the start on how you can deal on the market changes to keep up on the behavior happening with that certain coin. Having strategy is very essential upon doing trading because trading by just guessing or like putting luck to get into your side will not always work for the fact that doing trade is risky so you must lessen and manage that factor to keep you gaining aside of losing.

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