Short one's own operation

[beerlover]

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Crypto market is always known for its tricky movements. Because, you might be experiencing only top most volatile things but you may not able to get the underlying direction of market which is the reason most naive traders are getting trapped over the time regardless of how much time they are spending for technical analysis or buying signal some others.

To solve all these dramas, you can simply switch over to long-term holding so that you will never need to concern about what is going to happen in next hour or in upcoming week but you can simply keep on holding so that you will gain big profits after years of holding.

[1714738109]

1714738109

[wxa7115]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

The first thing you need to do is take a very deep look at your strategy, which kind of strategy it is? Is it one that is heavily affected by your judgment or is it one that depends entirely on the numbers you see on the screen?

If it is the former then this means that most likely you are letting yourself be affected by the market sentiment and this is causing you to do what it is in the best interests of the whales and not what it is best for you, but if it is the latter then I think as crazy as it may sound that you have your strategy backwards, try to test your strategy and see if it works if you do the opposite and if it does then you have your winning strategy.

[DarkDays]

Always remember this: "Plan your trade and then trade your plan", there's no better thing than this if you want to start your trading career. If it's a wrong trade always program your mind that the next time you do it better.

There are too many factors you are on the opposite direction and one of it is your emotion, if you let your emotion on the frontline of your trade expect things a little bit messy. Trading is planning and you need to master it day by day, even professionals still learning everyday - it's a lifelong learning.

I agree that making it a plan and sticking to it will help when the market conditions are not favourable, at least you trust yourself from before. Trading can be hard and you can lose patience but you've got to keep on and not give up, because this is what trading is about -  learning fro past mistakes and trying to always come on top. Everybody goes through loses, the difference is how you decide to take that loss.

[Mpamaegbu]

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment

This is the greatest item every trader/investor needs. If Patience were an app, I would advise everyone to head to playstore or apple store and get one. Patience is a virtue when it comes to trading (even in other spheres of life too). It tasks investors to wait. Sometimes, the wait could be for days to get the seemingly right entry level. Sometimes, the wait could even cause one to miss out on trades because no one truly knows how dip a trade could go. No one can truly pick out a bottom.

2. Don't completely trust your judgment until the market's performance confirms your opinion

This is why Stop Loss is necessary. No system is perfect, let alone indicators. Systems fail, so also do indicators. Trades won't always go one's way or predictions and when they don't, it doesn't mean that one's system or judgement is wrong. It simply means that one should review one's approach then.

[RealMalatesta]

The first thing you need to do is take a very deep look at your strategy, which kind of strategy it is? Is it one that is heavily affected by your judgment or is it one that depends entirely on the numbers you see on the screen?

If it is the former then this means that most likely you are letting yourself be affected by the market sentiment and this is causing you to do what it is in the best interests of the whales and not what it is best for you, but if it is the latter then I think as crazy as it may sound that you have your strategy backwards, try to test your strategy and see if it works if you do the opposite and if it does then you have your winning strategy.

That is something I keep telling everyone and yet there are still so many people who let the market movements blur their judgement which is a shame. There are so many people who have ideas, who have goals, who set out prices they want to buy or sell and then when market does something crazy they end up throwing all of that out of window and suddenly make a crazy move. Why are people like that? I mean whats the point of being like that when there are very understandable and reasonable stuff that could potentially allow you to make a profit using only numbers and zero feelings?

In any case if the market movements are making you squirm then you should not become a trader, or at least risk too much money or you should learn how to suppress our feelings and just act like a robot. You know why there are so many trading bots out there? Because trading bots are better traders since they have no emotions.

[pawanjain]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

I know exactly how that feels but you should know that if the market is going against you then there is probably something that you are doing wrong.
Until a few months ago I used to trade and make losses instead of profits because the market always used to go against my prediction.
Then I started learning analysis and started using stop losses on my trades. So far it has been beneficial and the most important thing is to be patient and let your orders execute.
Most often when put a buy or sell order we tend to put it based on emotions on not based on analysis.
Our buying and target price should be specific and by placing stop losses we can minimize the losses and find out where we are making mistakes.
The more mistakes we make the more we learn and at some point we start making the correct predictions and gain profits.
This is the turning point from where our profits and real trading experience starts.

[batang_bitcoin]

Yeah, I relate. My judgment most of the time is wrong when it comes to the market and that's why I don't want to continue and be pushy with my trades. If I go along with one trade and got a lost and my analysis got wrong, I'm stopping as much as I can and go back for being an investor. I invest in different projects but with only the little I have because most that I've got is in bitcoin and I don't want to sacrifice my funds there because of my wrong judgment and inaccurate predictions.

[Shasha80]

Yeah, I relate. My judgment most of the time is wrong when it comes to the market and that's why I don't want to continue and be pushy with my trades. If I go along with one trade and got a lost and my analysis got wrong, I'm stopping as much as I can and go back for being an investor. I invest in different projects but with only the little I have because most that I've got is in bitcoin and I don't want to sacrifice my funds there because of my wrong judgment and inaccurate predictions.

What you have done is the right thing, because if we force trading, even though we know we have made many mistakes. Then it will only
make us lose more and more money. I agree we sometimes have to stop trading and be investors, because being a successful trader is not easy.
It takes a long process, so we can learn from every mistake we make.

[lightning0]

Yes, your suggestions are valuable. Recently I am also adjusting my state. It’s really cool not to watch the quotation sheet all the time!!! I will enjoy this time and improve my cognitive level

Yeah, I relate. My judgment most of the time is wrong when it comes to the market and that's why I don't want to continue and be pushy with my trades. If I go along with one trade and got a lost and my analysis got wrong, I'm stopping as much as I can and go back for being an investor. I invest in different projects but with only the little I have because most that I've got is in bitcoin and I don't want to sacrifice my funds there because of my wrong judgment and inaccurate predictions.

You are one of the best investment types I know, and your trading philosophy is what I need to learn. I’ve always wanted to ask a question, and I’ve never asked it here before. In the Bitcoin forums, most of the Bitcoin holdings are now wealth-free. In addition to the administrator and the Bitcoin startup team, the rest are also Have you got it from the beginning until now? Your experience in the middle must be the most exciting and exciting. Holding Bitcoin is a smart person's choice.
 

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

I know exactly how that feels but you should know that if the market is going against you then there is probably something that you are doing wrong.
Until a few months ago I used to trade and make losses instead of profits because the market always used to go against my prediction.
Then I started learning analysis and started using stop losses on my trades. So far it has been beneficial and the most important thing is to be patient and let your orders execute.
Most often when put a buy or sell order we tend to put it based on emotions on not based on analysis.
Our buying and target price should be specific and by placing stop losses we can minimize the losses and find out where we are making mistakes.
The more mistakes we make the more we learn and at some point we start making the correct predictions and gain profits.
This is the turning point from where our profits and real trading experience starts.

Yes, we need to set stop loss and profit when we judge a trading cycle from the beginning of buying. There should be a callback value, its own standard. Don't speculate easily. Only under the premise of guaranteeing its own financial security can it proceed.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment

This is the greatest item every trader/investor needs. If Patience were an app, I would advise everyone to head to playstore or apple store and get one. Patience is a virtue when it comes to trading (even in other spheres of life too). It tasks investors to wait. Sometimes, the wait could be for days to get the seemingly right entry level. Sometimes, the wait could even cause one to miss out on trades because no one truly knows how dip a trade could go. No one can truly pick out a bottom.

2. Don't completely trust your judgment until the market's performance confirms your opinion

This is why Stop Loss is necessary. No system is perfect, let alone indicators. Systems fail, so also do indicators. Trades won't always go one's way or predictions and when they don't, it doesn't mean that one's system or judgement is wrong. It simply means that one should review one's approach then.

Yes, the time factor is very important. No one will sell to the highest point and buy at the lowest point. Just not greedy.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Crypto market is always known for its tricky movements. Because, you might be experiencing only top most volatile things but you may not able to get the underlying direction of market which is the reason most naive traders are getting trapped over the time regardless of how much time they are spending for technical analysis or buying signal some others.

To solve all these dramas, you can simply switch over to long-term holding so that you will never need to concern about what is going to happen in next hour or in upcoming week but you can simply keep on holding so that you will gain big profits after years of holding.

Yes, it seems that long-term holding is the biggest winner. I try to forget the numbers in my wallet, and I fail every time. This has changed from regret at the beginning to ashamed to the senselessness now. This is my current state, I still need to adjust him, you are the reminder of my study.

The point is in trading mental strength and must be able to think positively when being hit by a bear market. at least it will control your emotions and not let FUD rule your mind. always try to control the mind and think everything will be fine then go back to the price recovery. Just being patient is not enough, you have to be really extra sure what you are holding is what you chose from the start.
Trading always gives all traders red and blue cycles but all have their own ways and methods of when and where they have to make decisions.

What you said is very correct, long-term holding, if I did not personally operate, I would not feel that I have to learn in this direction.

Always remember this: "Plan your trade and then trade your plan", there's no better thing than this if you want to start your trading career. If it's a wrong trade always program your mind that the next time you do it better.

There are too many factors you are on the opposite direction and one of it is your emotion, if you let your emotion on the frontline of your trade expect things a little bit messy. Trading is planning and you need to master it day by day, even professionals still learning everyday - it's a lifelong learning.

Yes, I agree with your point of view, and I will do the same. Keep trying.

[jrrsparkles]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Being patient is very important but you can never get it 100% accurate no matter what, just you need to adapt this and play the game of cryptocurrency trading. Mkre shorter your trading the the risk is going to be higher so if you are always wrong then you need to change your trading strategies.

[john_nautica]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Being patient is very important but you can never get it 100% accurate no matter what, just you need to adapt this and play the game of cryptocurrency trading. Mkre shorter your trading the the risk is going to be higher so if you are always wrong then you need to change your trading strategies.

I agree with you. There is no shortcut in trading, whether it is in terms of learning techniques or hitting that “jackpot” kind of moment. Being patient, when it comes to trading, can put a trader a long way and in a good place. Although it is easier said than done, emotions and aggression to success must be kept in the cool to not lose one’s sanity in making trade decisions.

[worle1bm]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Market is always working along with risk factor and you can't be sure whether your decision will profit you or not and you cannot mix your emotions with judgement which is risky.You always need to learn how the market reacts in different situations and what must be your response to that reaction which will judge your profits or loss.Always stay alert if you are trader and if holder then just relax and see pump and dump in charts.

[batang_bitcoin]

Yeah, I relate. My judgment most of the time is wrong when it comes to the market and that's why I don't want to continue and be pushy with my trades. If I go along with one trade and got a lost and my analysis got wrong, I'm stopping as much as I can and go back for being an investor. I invest in different projects but with only the little I have because most that I've got is in bitcoin and I don't want to sacrifice my funds there because of my wrong judgment and inaccurate predictions.

You are one of the best investment types I know, and your trading philosophy is what I need to learn. I’ve always wanted to ask a question, and I’ve never asked it here before. In the Bitcoin forums, most of the Bitcoin holdings are now wealth-free. In addition to the administrator and the Bitcoin startup team, the rest are also Have you got it from the beginning until now? Your experience in the middle must be the most exciting and exciting. Holding Bitcoin is a smart person's choice.
 

It is a smart choice since I'm not a good trader unlike the others but I make profit in the usual trades that I do but I rarely do it now and have chosen to hold.
Yes, most of is where from early purchases and accumulation but it's no longer that much but I'm looking forward that someday that it's going to be greater than what I've expected.

[Oceat]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Market is always working along with risk factor and you can't be sure whether your decision will profit you or not and you cannot mix your emotions with judgement which is risky.You always need to learn how the market reacts in different situations and what must be your response to that reaction which will judge your profits or loss.Always stay alert if you are trader and if holder then just relax and see pump and dump in charts.

The market is indeed risky and unexpected when it comes to volatility and sometimes what you see in trend is somehow a trap like a quick spike yet suddenly down after you sell but if you have stop-loss you can avoid it. This is why trading is risky that's why you have to minimize the risk of losing money or else you will see your funds eaten by the whales.

It's not all about the judgment of the market performance but it is also how you minimize the risk and diversified your funds. That's the risk you are facing everytime you enter this crypto market.

[TheGreatPython]

you have to minimize the risk of losing money or else you will see your funds eaten by the whales.

In my opinion, imagining that all the market volatilities are caused by whales is definitely a misconception. See, recently China's new policy against cryptocurrencies triggered a bear trend which might led whales also booking losses but most people are still blaming whales for manipulating markets. Other than that, I agree with you that if we are not taking care of risk management then all our capital will be lost in no time.

To solve all these dramas, you can simply switch over to long-term holding so that you will never need to concern about what is going to happen in next hour

Long term holding must be a best solution for all the traders who find their life too much of struggles because of unpredictable market volatility. Long term holding these days being considered like passive income generation with zero risks.

[Mistafreeze]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Being patient is very important but you can never get it 100% accurate no matter what, just you need to adapt this and play the game of cryptocurrency trading.

Patience is very important in trading. It help traders to understand the virtue of trading relating to timing and execution.

Mkre shorter your trading the the risk is going to be higher so if you are always wrong then you need to change your trading strategies.

Changing trading strategy does not guarantee successful trading cause your trading psychology is still there to orientate you through the journey of trading. Rather than changing your strategy which is just 30% guarantee to successful trading. Why don't you work on your self and attitude toward trading and a better trading lifestyle would guide you through the journey.

[wxa7115]

The first thing you need to do is take a very deep look at your strategy, which kind of strategy it is? Is it one that is heavily affected by your judgment or is it one that depends entirely on the numbers you see on the screen?

If it is the former then this means that most likely you are letting yourself be affected by the market sentiment and this is causing you to do what it is in the best interests of the whales and not what it is best for you, but if it is the latter then I think as crazy as it may sound that you have your strategy backwards, try to test your strategy and see if it works if you do the opposite and if it does then you have your winning strategy.

That is something I keep telling everyone and yet there are still so many people who let the market movements blur their judgement which is a shame. There are so many people who have ideas, who have goals, who set out prices they want to buy or sell and then when market does something crazy they end up throwing all of that out of window and suddenly make a crazy move. Why are people like that? I mean whats the point of being like that when there are very understandable and reasonable stuff that could potentially allow you to make a profit using only numbers and zero feelings?

In any case if the market movements are making you squirm then you should not become a trader, or at least risk too much money or you should learn how to suppress our feelings and just act like a robot. You know why there are so many trading bots out there? Because trading bots are better traders since they have no emotions.

As you say one possibility is that they simply do not have the necessary emotional control to become traders, after all it may seem as if it is easy as some people see it in a way similar to a video game, but as soon as the consequences for failing become too real then people cannot deal with it anymore.

The second problem is that many people have a strategy but they do not actually know if it works since they did not backtested their strategy, which means that when things get hard they do not really trust their strategy and then they panic and then sell their coins for a bad price.

[Desmong]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Mere looking at your write-up, I think you need to work more on your knowledge about those factors that control the market activity. What triggers price movement so that you can have a good sight on how you could analyze the market fluctuation.

When I started trading, the same thing that is happening to you now happens to me also then. I do have this mind set of the market always after my stop loss anytime I place a trade. After a while of reading trading books and practicing on my real account cause demo will not really show you the feelings attached when you lose. I started understanding the market fluctuation and how to trade without being skeptical of the market.

This is how I was able to understand that higer time frames control the lower time frame building confidence when trading.

[lightning0]

There is a very interesting thing that makes me a bit dilemma. Whenever I consider whether to look at an upward or downward trend in a trading cycle, things are always in the opposite direction. What is even more incredible is that when I want to abandon this transaction, the story is again It's the opposite direction.

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

Mere looking at your write-up, I think you need to work more on your knowledge about those factors that control the market activity. What triggers price movement so that you can have a good sight on how you could analyze the market fluctuation.

When I started trading, the same thing that is happening to you now happens to me also then. I do have this mind set of the market always after my stop loss anytime I place a trade. After a while of reading trading books and practicing on my real account cause demo will not really show you the feelings attached when you lose. I started understanding the market fluctuation and how to trade without being skeptical of the market.

This is how I was able to understand that higer time frames control the lower time frame building confidence when trading.

Yes, as in your experience, the most valuable thing is to keep trading simple, stay sensitive and continue to learn.

[CryptopreneurBrainboss]

1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion

To succeed at trading you have to be very disciplined, many rush into trading without having an idea what they're going into. They see trading as gambling where you just have to try your luck and if it favours you, you succeed. Which is why they usually don't have to wait for the market confirmation. They just take a step of faith and usually they go all in 100%. Sometimes they profits but majority of the time they loss.

Majority in the market claiming to be traders don't posses the skills of trading which is why we have very low successful ones out there. The bull market makes them all look good but they lose it all when the bears comes and the cycle continues in that manner.

Traders this days hardly even have their own opinion to depend on as they prefer relying on others (signal providers) to trade. They don't even have the patience to learn the skills before wanting to earn, what makes you think they'll have the patience to wait on the market for confirmation.