slaman29
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March 31, 2021, 10:55:11 AM |
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That's correct, if you are copying someone else, it could work for you only if you know what you are following, if those people are actually doing something that's profitable and you learn how they are doing it, that would work for you, of course that means you have to be able to talk to them, it needs to be a group effort. I have someone like that, he shares his picks and his trades, but we asked him what he picks and how he picks them and why he picks things and how he trades etc etc so we asked him a bunch of questions.
Nowadays our whole group makes their own trades based on what we learned from him and even without him sharing we find stuff so he is no longer sharing so much, he just agrees or disagrees and shares why he disagrees but that's about it. If you can use it that way, you could actually make a profit from these things but that's about it.
Yup! But like I said, it only works until it stops working. And if you're copytrading someone or some company then there's just no way at all you can ever know if it will go belly up and when it does, it'll be too late. For me the group effort is important to keep an eye on each other and tell each other when they're breaking the rules (no stops, being emotional, banking more than max cap etc.).
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wxa7115
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April 01, 2021, 06:17:36 PM |
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That is a vital tool in trading and it is a must I think that we have to learn it. Trading without some sort of basis, no TA's, candlestick reading, and etc... What we gonna expect is just a loose end.
That is why many had failed to succeed and that because they didn't give the effort to do so and understand those important tools. Trading is not a joke, a single mistake will have corresponding negative outcomes.
Trading without technical analysis and fundamentals is very dangerous. Don't ever try to do trading if you don't understand what basic trading is. What is expected to be profit but ultimately loss, because there is no known analytical science. Trading is certainly not a joke but trading is a job that must be done seriously to be able to benefit from any price gaps or price movements. I still do not understand why there are people out there that do not take the time to learn how to trade by learning fundamental or technical analysis. We are talking that those people are probably using the savings of a lifetime when they enter the activity, would you drive a car at full speed without ever taking a driving lesson? The answer for most people is no and the same kind of logic should apply here, as it is way more likely to lose your money even with that knowledge than the chances you have of winning, and without that knowledge then it becomes impossible to win unless you can pull off the same kind of luck lottery winners have.
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AakZaki
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April 01, 2021, 06:42:54 PM |
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Apply the rule "Buy the rumor, sell the news". You don't need to know too much about Technical analysis to do so. Fundemantal analysis is enough to help you and it strongly helpful to filter bad projects. Signals of the market are not only shown on the chart but also on the news that you can read everyday.
I agree with your opinion. Technical and fundamental analysis will continue to exist side by side to determine market trends. Not only charts or charts that must be analyzed but fundamentals will also determine. analysis and fundamentals will be in sync, when we can read technical and fundamental analysis we can make predictions well even though it is only a prediction and not 100% correct, but at least we have an idea of the price that will be achieved.
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trigger1975
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April 02, 2021, 08:27:57 AM |
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I still do not understand why there are people out there that do not take the time to learn how to trade by learning fundamental or technical analysis.
We are talking that those people are probably using the savings of a lifetime when they enter the activity, would you drive a car at full speed without ever taking a driving lesson? The answer for most people is no and the same kind of logic should apply here, as it is way more likely to lose your money even with that knowledge than the chances you have of winning, and without that knowledge then it becomes impossible to win unless you can pull off the same kind of luck lottery winners have.
Too many people just act out of FOMO. They only see the possibility to make 100% quick and don't rationalize the risks involved. The beginner just sees the opportunity while experienced and consistently profitable traders watch out for reasons why not to take a particular trade.
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death69
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April 02, 2021, 09:57:55 AM |
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Its science of psychology. Same pattern can show the same result such as in psychology even though it is not 100% guarantee. An arbitrary result or a false prediction can happen. That is why there is a wide range of technical analysis so that people have various of choices in trading. Even in price action, there are a hundred of ways to achieve it
The importance in trading, is to willing to learn more and the capability of controlling both your fund and your emotion. You can use any techniques you find, and they are guaranteed to give you 60% winning rate. But being uncontrollable and arbitrary certainly give you a bad result, in the worst case, you will lose all of your money.
Trading is not hard to learn. Spend some of your time to read books or watch online courses. A vast number of information are right here, in your own hand. Will you choose to embark one of the darkest job in the world LOL
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Sinjokubhi
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April 05, 2021, 01:55:02 PM |
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Actually for me making a comparison through the graph history of the coin , such the previous vs the current situation, really can give us a little clue what will be the next movement in the graph . But not totally the specific direction,, wherein just a sign.. and the percentage itself in the market can tell the directions.. And you know it's up to us how to take advantage on it. Indeed we have just two options when it comes trading.. Such HODL and gaining quick profits.. So in my opinion it depends on us how to ride the waves nowadays.. And lastly if you're really tired studying the grap of your coin. Then move on mate and look for much better im the market.. Infact there's a lt of good coins,, so don't just stick to one.. Wherein jump sometimes if its really necessary and truly worth it to spend efforts..
I agree with your opinion, from previous events we can study it, and can compare with current events. That's what I do when reading charts, or looking at market conditions. By remembering previous events, we can draw the conclusion that these events can happen and repeat at any time. Therefore I recap the events that have happened, and compare them with events now. Can it happen again? Can be. Due to unforeseen market circumstances can occur at any time. Moreover, when we analyze the graph, we need a reference to be able to guess the direction of the graph in the future. From the previous movements we can also take a reference, how the direction of the graph of the currency moves which often occurs. How, when, and why the currency can go down we can guess from previous events. However, also use events that are or will happen. It will also help you, such as updates about the news that is happening. It will help you.
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CryptopreneurBrainboss
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April 06, 2021, 04:57:57 AM |
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Too many people just act out of FOMO. They only see the possibility to make 100% quick and don't rationalize the risks involved. The beginner just sees the opportunity while experienced and consistently profitable traders watch out for reasons why not to take a particular trade.
But don't this contradict the whole philosophy of not concentrating on the negative things surrounding us instead always be positive. Your thoughts comes to reality, if your on the road looking for a red car, chances are you'll likely see one which means if you're looking for a reason not to enter a trade, chances are you'll definitely find one and so is the case when you're looking for a reason to enter a trade. The emphasize here should be while we look for reasons to enter a trade, we shouldn't neglect the risk that comes with trading each coins whether they're the trending or old coins (as they're called). Combining both scenario would be a perfect match in the sense that while you look for reason to enter a trade, you should also look for reason why not to and evaluate the chance then make a decision.
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adzino
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April 06, 2021, 05:22:33 AM |
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Predicting prices when trading does not only rely on price analysis in the market, but we must also see the news related to the coins we are going to buy. The conclusion is to get profit when trading, depends on many factors. So relying solely on price action isn't a good thing to do, because price action is only one part of technical analysis to predict prices in the market. Therefore there is technical and fundamental analysis, this is to convince us when predicting coin price movements.
If it doesn't rely on the price analysis, then how can you even predict? I thought you need "data" to predict what is going to happen next and analyzing the market is the best form of gaining data. True, just looking at the market won't help. The price also depends on the factors and events that can trigger price changes. For example, look at how the price of doge coins fluctuate when Elon starts tweeting about it. Look at how the price of bitcoin went up when paypal and tesla started to support bitcoin. So keeping an eye on the events also plays a huge role when it comes to price predictions.
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uelque
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April 06, 2021, 09:59:55 AM |
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It is likely to happen at some time frame on a certain period but not frequently, it still depend on what coins you are trading I may say based on what I had observed.
I think you or anyone can earn profit through price action trading if you already spot it. But there is always a risk doing only one strategy as a crypto trader and I believe everyone knows that. That is why patterns, indicators etc. are created for us to have a much precise decision regarding our action. And you should not ignore that!
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TheGreatPython
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April 06, 2021, 06:58:03 PM |
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I hear traders say price action is the best form of predicting the future trend of the market. Most traders claim it takes adcantage of previous events that has happened in the past to accurate decide the movement of the new trend. Although it is not traded in isolation because other strategy like candle stick pattern and area of value needs to considered before placing an entry.
Could past event decide how the market would move? With the innovations and change in societal norms, climatic and environmental factors putting all this into considerations is there any certainty that past trends would repeat itself or is this just an assumption?
Yes, this kind of strategy can work for anyone but that doesn’t mean it works hundred percent of the time, nah it’s not going to be working that way. There are lots of strategies that one can use for trading and the thing is that they are all not going to be working all the time, there are no strategies that work all the time, most times they can be wrong, the thing is that you have to know when that strategy might work, it’s good to be trying out new strategies. Price action do work sometimes, if you check the chart you will notice that it does repeat what happened in the past, but it doesn’t happen that way all the time. Before this last bull run I saw people that tried to predict using past events but it didn’t happen that way this time around. Of course the price did go up but it wasn’t at the time they all predicted.
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jaberwock
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April 07, 2021, 01:26:20 PM |
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It is likely to happen at some time frame on a certain period but not frequently, it still depend on what coins you are trading I may say based on what I had observed.
I think you or anyone can earn profit through price action trading if you already spot it. But there is always a risk doing only one strategy as a crypto trader and I believe everyone knows that. That is why patterns, indicators etc. are created for us to have a much precise decision regarding our action. And you should not ignore that!
That coin picking is the hardest thing about this situation. Everyone can do price action trading if they know which coins to pick, some coins do not move too much out of frame and they have certain prices that it moves between. I remember a long long time ago on poloniex I traded on clam, it always went between two prices and even though it wasn't much I arranged a bot to buy from a certain price and sell at a certain price, it wasn't even a hard thing to configure in the bot because it was just telling it to buy here and sell there and it was simple and I made so much money, it was 3x in a week or so, why? Because I was lucky enough to see that coin, clam was awesome for that, I lost a bit after that because it went down and I just stopped. So if anyone can find something like that, they could definitely get rich, but if they can't, they can't do this neither.
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forestx
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April 07, 2021, 05:33:10 PM |
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OK I keep getting pummeled in these pull backs and steep drops and seem to have a habit of putting on a long just before there is a reverse. Other than just general TA is there anyway of telling when the market is going to have a big drop or any reliable one on twitter or other wise who is good at calling this stuff
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wxa7115
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April 11, 2021, 08:10:18 PM |
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I still do not understand why there are people out there that do not take the time to learn how to trade by learning fundamental or technical analysis.
We are talking that those people are probably using the savings of a lifetime when they enter the activity, would you drive a car at full speed without ever taking a driving lesson? The answer for most people is no and the same kind of logic should apply here, as it is way more likely to lose your money even with that knowledge than the chances you have of winning, and without that knowledge then it becomes impossible to win unless you can pull off the same kind of luck lottery winners have.
Too many people just act out of FOMO. They only see the possibility to make 100% quick and don't rationalize the risks involved. The beginner just sees the opportunity while experienced and consistently profitable traders watch out for reasons why not to take a particular trade. That is exactly my thinking as well, successful traders wait for the trade to come to them they do not force things up, with more than 7000 coins in the market of cryptocurrencies anyone that consider themselves a trader doesn't really need to force their way into a trade, they can just wait for the perfect opportunity to present itself and if it doesn't then don't trade. And if after some time those people find out that they had no talent or patience to be traders then there is nothing wrong with that, they could become investors which in this market is way easier, just put your money in bitcoin and keep holding for years and in 99% of the cases after two or three years you're going to have significant profits without doing anything as taxing as what you have to do as a trader.
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GeorgeJohn
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June 08, 2021, 10:58:35 PM |
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Price action trading is a very important aspect in the general world of trading because it helps one to predict the future movement of price without any indicators or Fundamental aspect of trading. Alot of persons have bosted of it being the best form of trading but one still have to look at it from another different angle cause the market does not always move to our favour as we planned.
The question here is not just trading based on what majority would believe on but, trading with what works for you. I know alot of persons who are indicators based traders and are still successful in what they do. We don't have to debate on whether price action is the best trading technique compared to indicators kind of traders or fundamental traders but to know which one works for us.
One can still combine both price action and indicators to make a good working strategy rather than focusing on just one aspect of technical analysis.
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Tervelatuk
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June 08, 2021, 11:19:24 PM |
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Price action trading is golden, only those who know it will profit from it. Usually price action is a technical analysis which factors everything into consideration. So using it means you don't have to borther about external factors.
external factors still be important indicator in price action trading. it could indepedently and deny another factors. there are alot many thing will support this analisys technique. but actually trading using price action analisys give us true description about market behaviour and what actually happen to buyer and seller. most of traders still focus on indicators but they forget about how price moved.
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enawati
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June 09, 2021, 10:58:51 AM |
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I keep learn about the trend of crypto and stocks market for along times, and I found if the trend of these markets is changing for every 3 to 4 years. If this cycle is always work, we can predict when should be buy and for how long should be hold it, and we also have potential to make good profit because we will get best price when buy and sell the assets.
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feelideb
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June 09, 2021, 01:15:44 PM |
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The cryptocurrency market is dynamic and with new players on the block, it is even more complex to just base your tding draecision simply on past data,trends, price action, trading graphs and signals! Market does not obey any rules but people's behaviour become rules that is easy to predict and take advantage of!
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Kez1817
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June 09, 2021, 03:28:32 PM |
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Price actions are based on its history and Its true that the market follows the price actions so technically, reading the chart based on its history can help you on your trading journey. We do make money by analyzing, and not just by any hype or fud, price action trend are more reliable compare to any indicators, so better to focus on this one and just used indicators to fill the blanks on your analysis.
If you think that price action is base on it's history, I think that's wrong because what happened in the past event is not the same now. In trading, price action is always depends on our own strategy and based on the current market movement including trading chart and market price movement.
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Shenzou
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June 09, 2021, 09:11:55 PM |
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I hear traders say price action is the best form of predicting the future trend of the market. Most traders claim it takes adcantage of previous events that has happened in the past to accurate decide the movement of the new trend. Although it is not traded in isolation because other strategy like candle stick pattern and area of value needs to considered before placing an entry.
Could past event decide how the market would move? With the innovations and change in societal norms, climatic and environmental factors putting all this into considerations is there any certainty that past trends would repeat itself or is this just an assumption?
As a new trader I have been exposed to several knowledge about how to study and analyze market present and future trends but am only asking for clearity. Does market obey all this rules laid down by trading experts to help time their entries or could this be an advanced gambling that has a prepared strategy which is not 100% guarantee for profit taking?
I know many people who understand how the market works make profit from their predictions but I still want to understand if it was by chance or does the market really obey price action and is it truly the best strategy in timing entries.
No one realy understands how the market really works or can 100% be sure that past trends will repeat themselves in the future, all of these strategies that are created and tested are what makes the difference between somone playing poker for fun with no strategy and the ones that play it right, but in the end it is all a gamble and it is up to you how to play it, you use strategies to minimize your losses or just go all in and lose it all.
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monineklutak
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June 10, 2021, 11:26:01 AM |
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I hear traders say price action is the best form of predicting the future trend of the market. Most traders claim it takes adcantage of previous events that has happened in the past to accurate decide the movement of the new trend. Although it is not traded in isolation because other strategy like candle stick pattern and area of value needs to considered before placing an entry.
Could past event decide how the market would move? With the innovations and change in societal norms, climatic and environmental factors putting all this into considerations is there any certainty that past trends would repeat itself or is this just an assumption?
As a new trader I have been exposed to several knowledge about how to study and analyze market present and future trends but am only asking for clearity. Does market obey all this rules laid down by trading experts to help time their entries or could this be an advanced gambling that has a prepared strategy which is not 100% guarantee for profit taking?
I know many people who understand how the market works make profit from their predictions but I still want to understand if it was by chance or does the market really obey price action and is it truly the best strategy in timing entries.
No one realy understands how the market really works or can 100% be sure that past trends will repeat themselves in the future, all of these strategies that are created and tested are what makes the difference between somone playing poker for fun with no strategy and the ones that play it right, but in the end it is all a gamble and it is up to you how to play it, you use strategies to minimize your losses or just go all in and lose it all. It's true that no one really knows how the market works and it's hard to predict, but anyway if we use strategy at least it will help in making decisions, because if not, of course the decisions we make will be careless and it will certainly make us lose
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