Trading and it uncertainties

[Anguwa]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Trading involves risk completely, which means it involves uncertain circumstances. To be successful crypto trader, you have to manage how to stop losses as much as you can by involving some basic trading strategies, also know how to study market in all forms both when the market is bullish and on the other way round.

[savetheFORUM]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

You cannot fish with clear waters; you must need flow. This applies to trading as well. Volatile nature is a common characteristics of every market and it is up to your skills on technical analysis like how effectively you are making use of those volatile nature of market in your favor. If you are really hating the volatile nature of crypto markets then you should go for long term holding which is is definitely a hassle free profit making method in crypto markets because you never need to bother about ups and downs of market at any point of time.

All the traders who hate uncertainty of crypto market should go for or long term holding which does not require your skills on technical analysis or risk managements but just your capital and some patience.

[Hypnosis00]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Trading involves risk completely, which means it involves uncertain circumstances. To be successful crypto trader, you have to manage how to stop losses as much as you can by involving some basic trading strategies, also know how to study market in all forms both when the market is bullish and on the other way round.

You can minimize losses but can never stop them no matter what you do. You can't have a successful story without telling those bad days and big losses that you've experienced.

And to question why we live into these uncertainties? Because we can't eliminate this feeling, fully. I may control this sometimes but can never have to stop this. Maybe it was because we are human beings and that is we sometimes too emotional and got affected by it. Can't deny that, truly.

[martina14]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Being a traders here in this field of business industry, if your gonna use your emotions make sure you will apply it in a right manner, or else
you might loss your assets for sure in the end. It is because, being emotional while doing the actual trading is not a good things to apply believe me. This is just a tips of advise, good day.

[LUCKMCFLY]

I've simply learned to take the risks especially when the volatility of the market is too high. Also, handling our emotions well every time the market situation changes would be a wise move. Fear during the dip and greediness during the pump would only lead us to regrets in the end so we better set a good target goal so we'll have something to follow and we could make smart decisions.

If you’re taking any risks in this market, it should only be a calculated risk. You don’t just jump in and be taking risks when you’re not well planned. You have to calculate yourself and know what kind of risk you’re about to take, what may go wrong and how you will be able to handle any kind of situation that arises from taking that risk. You have to be ready for it, and if possible, you should have any kind of tool that helps to minimize the level of risks that you’re able to take.

And for sure it is good to set a target. Not having a target while trading is like having a ship without a captain that’s directing it where it’s going to. Our targets are what leads us and determines the steps we are going to take in being successful. And your target would make you know when you should get into the market and when you should leave, which is very important.

We can never expect that all become calculated and accurate, not in crypto trading and even the others as it always changes in no specific time due to some factors affecting volatility. But then, it was very important to have a goal/plan before trading as this will serve as our guide where we go and what we want to achieve but sometimes, we have been deceived by our emotions leading to making a bad decisions and making us lose. Perhaps, it always happens to newbies.

You are right in what you say, however I read a book by a market speculator from the 1800-1900s called Jesse Livermore, and he sometimes if he had a hunch he would listen to him and those few times he had the hunch he won, I'm not saying with this that you have to leave everything for a hunch, but if you have to take into account that sometimes in the face of uncertainty there are enough things to develop, in my case in the current marking I see many options that can happen, but I do not have a Definite sense of what can happen, however uncertainty invades me and being out of the market until I have clarity and only better than I can do.

[jamkesmas]

a market with rapid price changes certainly raises all the risks that will occur in a fast time too, uncertainty of course will always exist in a market and trading of course it is a risk accompanied by all possibilities to get a commensurate reversal, in crypto trading anything can happen quickly, therefore all traders are required to quickly make decisions in order to gain profits or stoploss.

[sumant]

 I have seen crypto market from 2017 and found it very risky. It can high up at any level and go down at very low price where you can not believe this. Trading is very uncertainties from nature because anyone no knows that where market will go from here. It is very risky for those who come now to trade, market is on the higher side. Not take entry anytime. Taking entry at crash time is very important for taking a good profit so please be aware of crypto trading. You will loss or gain very quickly.

[Silberman]

well, uncertainty is really unavoidable. however, in the world of trading, we do not know when the price will really pump, and dump. the same as today. not many people think that the price of bitcoin can drop below $50k by the end of this year, but the price is back down again. If you want uncertainty to disappear a little, targeting selling prices for losses and profits is something that needs to be considered to avoid uncertainty in trading.

This is why one of most important characteristics that a trader must have is the ability to adapt themselves to what is happening in the market, for example I was not expecting for the market to go below 50k but am I going to get mad at the market for going beyond my expectations? Of course not, I just accept this as a reality and move on and I try to do my best to more accurately predict what it is going to happen next while also improving my overall strategy with this new information, but many people do not think like that and instead get mad when the market does not do what they want, and that is when they make the biggest mistakes possible for a trader as now they are trading with their emotions.

[Issa56]

Seriously in Cryptocurrency anything can happen, everybody knows cryptocurrency with volatility that's why you have to always invest any amount you can afford to lose. Firstly before I buy any coin I always make sure I do my technical analysis first and be sure am entering the market at the right time and if you are talking about market uncertainty that's one of the thing that make cryptocurrency trader's most expecially novice lose alot of money, because they believe the price of the coin which they buy will continue increasing which if there is dump they end up panicking and selling at great lost, so I believe one of the way to control your lost incase if market goes sideway is to make use of stop lose, it will reduce the amount inwhich you will be losing even if the market goes sideway.

[TheUltraElite]

In general, if a trader has chosen trading for work, then it should be understood that this is just an unpredictable option for making money. The market can change very dynamically.

Yeah I dont think choosing trading over work is a wise choice to make. A day job will give you a fixed income per month or per week but trading does not guarantee you any such earnings, the graph is more ups and down than a stable line.

It is a personal choice though. I know many professional traders making a living out of it, but we tend to forget that such people are only a handful and they usually started trading a long time ago. One cannot just start trading today and leave their job at the same time and not go bankrupt, it does not add up. So if one wishes to trade, keep it as a side hobby and gradually grow on it. Dont sacrifice your stable income for that, that is a foolish thing to do.

Lack of these insights is the reasons behind going "rekt" and ending up in debts.

[arditiyan]

in trading, price changes are absolute.
trading requires us to demand good in managing the most detailed trading control system.
We can use this as a way to manage trades well, our attitude in analyzing, our attitude in determining low prices and high prices or every small step in trading must be managed so that there is no mistake.
maybe this can be one of the basic references for traders, so they can learn to manage properly in the future

[MIner1448]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

I am sure that thanks to my experience, knowledge and a set of skills as a trader, it will allow you to make the right decision. It is not always possible to get a positive experience on the exchange, and this negative experience will also teach the trader something in the future, so as not to make any mistakes.

[Silberman]

In general, if a trader has chosen trading for work, then it should be understood that this is just an unpredictable option for making money. The market can change very dynamically.

Yeah I dont think choosing trading over work is a wise choice to make. A day job will give you a fixed income per month or per week but trading does not guarantee you any such earnings, the graph is more ups and down than a stable line.

It is a personal choice though. I know many professional traders making a living out of it, but we tend to forget that such people are only a handful and they usually started trading a long time ago. One cannot just start trading today and leave their job at the same time and not go bankrupt, it does not add up. So if one wishes to trade, keep it as a side hobby and gradually grow on it. Dont sacrifice your stable income for that, that is a foolish thing to do.

Lack of these insights is the reasons behind going "rekt" and ending up in debts.

That is the way to go, it is almost impossible to become a full time trader right away, at first you are going to need to do it as a side job, then once you grow your capital through the years by saving the money you get from your job and the money you get from the markets then that is when you can consider leaving your regular job and begin trading, also I will say that this is way easier to do if you are single as you can easily reduce your expenses, but if you are married this is going to be way more challenging.

[Lanatsa]

In general, if a trader has chosen trading for work, then it should be understood that this is just an unpredictable option for making money. The market can change very dynamically.

Yeah I dont think choosing trading over work is a wise choice to make. A day job will give you a fixed income per month or per week but trading does not guarantee you any such earnings, the graph is more ups and down than a stable line.

It is a personal choice though. I know many professional traders making a living out of it, but we tend to forget that such people are only a handful and they usually started trading a long time ago. One cannot just start trading today and leave their job at the same time and not go bankrupt, it does not add up. So if one wishes to trade, keep it as a side hobby and gradually grow on it. Dont sacrifice your stable income for that, that is a foolish thing to do.

Lack of these insights is the reasons behind going "rekt" and ending up in debts.

That is the way to go, it is almost impossible to become a full time trader right away, at first you are going to need to do it as a side job, then once you grow your capital through the years by saving the money you get from your job and the money you get from the markets then that is when you can consider leaving your regular job and begin trading, also I will say that this is way easier to do if you are single as you can easily reduce your expenses, but if you are married this is going to be way more challenging.

Even if you do have the time to become a full time trader but if your skill wasn't enough on dealing with this kind of trading then it would be still useless.

because actively engaging with volatility or price movement does something require sufficient skills for making yourself sustainable on this market.

You would really be messing up entirely if you don't have these things beforehand.You should be considerate whether you are already that prepared or just
been hyped up.

[Yamifoud]

In general, if a trader has chosen trading for work, then it should be understood that this is just an unpredictable option for making money. The market can change very dynamically.

Yeah I dont think choosing trading over work is a wise choice to make. A day job will give you a fixed income per month or per week but trading does not guarantee you any such earnings, the graph is more ups and down than a stable line.

It is a personal choice though. I know many professional traders making a living out of it, but we tend to forget that such people are only a handful and they usually started trading a long time ago. One cannot just start trading today and leave their job at the same time and not go bankrupt, it does not add up. So if one wishes to trade, keep it as a side hobby and gradually grow on it. Dont sacrifice your stable income for that, that is a foolish thing to do.

Lack of these insights is the reasons behind going "rekt" and ending up in debts.

That is the way to go, it is almost impossible to become a full time trader right away, at first you are going to need to do it as a side job, then once you grow your capital through the years by saving the money you get from your job and the money you get from the markets then that is when you can consider leaving your regular job and begin trading, also I will say that this is way easier to do if you are single as you can easily reduce your expenses, but if you are married this is going to be way more challenging.

Trading is very challenging at the start, you'll never know exactly what to do especially when emotion tried to change your mindset and sometimes a reason for losses. I've tried trading as a part-time job but sad to see that ain't working well until I do it to spend more time than usual and to see a lot of changes happen. That I realize that trading needs more time, it has become more profiting if you are focused on it as a common full-time trader does. But if this is not meant for you, I'm still sure nothing gonna happen even you spend 24 hours on the computer.

[lixer]

Trading is very challenging at the start, you'll never know exactly what to do especially when emotion tried to change your mindset and sometimes a reason for losses. I've tried trading as a part-time job but sad to see that ain't working well until I do it to spend more time than usual and to see a lot of changes happen. That I realize that trading needs more time, it has become more profiting if you are focused on it as a common full-time trader does. But if this is not meant for you, I'm still sure nothing gonna happen even you spend 24 hours on the computer.

You stated a fact right there. Some people forget that what works for others may not work for them. That you see something working for others doesn’t mean that if you try that same thing it is also going to be working out for you. If you’re trying to do it and it’s not working after you have tried your best, instead of you continuing to lose money in the market, you can try it another way or just look for something else to try.

There are many ways that one can profit from the market, you can decide to even go for copy trading, I have seen people that are doing it and it is working out for them, pretty well and they are making money from it.

[Mauser]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Hard to give a general advice for dealing with high volatility coins. For me it all comes down to how much believe in a particular project. If I think that it is a good project to invest in that uncertainty is not such a big problem. Most of the coins I strongly believe in I hold as a long term investment, with a HODL strategy it is much easier to sit through higher volatility times. When prices change in a few seconds than it becomes hard to trade profitable in my opinion. Because in such short time intervals it all comes down to who has the best internet connection and the shortest distance to the exchange servers. Unfortunately my setup is not so professional and I will be likely behind any more sophisticated trader. Best to just try and trade around such milisecond decisions.

[Oilacris]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Hard to give a general advice for dealing with high volatility coins. For me it all comes down to how much believe in a particular project. If I think that it is a good project to invest in that uncertainty is not such a big problem. Most of the coins I strongly believe in I hold as a long term investment, with a HODL strategy it is much easier to sit through higher volatility times. When prices change in a few seconds than it becomes hard to trade profitable in my opinion. Because in such short time intervals it all comes down to who has the best internet connection and the shortest distance to the exchange servers. Unfortunately my setup is not so professional and I will be likely behind any more sophisticated trader. Best to just try and trade around such milisecond decisions.

It all matters with your own perception and views on a certain project and just like been said that we do really have different takings and decisions on a particular situation whether it is a good one or a bad one depending on our guts and intuition on how things should be done.
On general advise then its really hard not to make out reactions and impulsive emotions when dealing with crypto investment.
This is something that you can easily bare if you dont have the experience.

[Wiwo]

This thread is primarily directed to discuss how traders manage trading uncertainties how do you manage to decide on your trading in a volatile market such as cryptocurrency where price can change within some seconds.

Being a traders here in this field of business industry, if your gonna use your emotions make sure you will apply it in a right manner, or else
you might loss your assets for sure in the end. It is because, being emotional while doing the actual trading is not a good things to apply believe me. This is just a tips of advice, good day.

Emotion has no place in trading because once your emotions get the best of you, it may result in a loss of trades. Trading is based on technique and not emotional so in totality, I agree with your point of view.

[AakZaki]

Even if you do have the time to become a full time trader but if your skill wasn't enough on dealing with this kind of trading then it would be still useless.

because actively engaging with volatility or price movement does something require sufficient skills for making yourself sustainable on this market.

You would really be messing up entirely if you don't have these things beforehand.You should be considerate whether you are already that prepared or just
been hyped up.

What is meant by skills is the knowledge of trading that must be possessed to find out market movements. Technical analysis is very important to learn so as not to get caught in a trade that will be detrimental. When you have entered into trading, it is a sign that you are ready to take all the risks, but basic trading skills must also be possessed. Don't get into trading just to try your luck.