Don't be wiser than the market

[tvplus006]

...The market is the master and has a mind of its own. It does whatever it wants. No one, I repeat, no one can be wiser than the market. Any attempt to do that is like mere mortals equating themselves with the immortality of God.

You cannot reject the importance of a market maker for manipulating the price in the cryptocurrency market, since it is the big players who are the cause of the loss for the rest of the market participants. This problem can be partially solved only if the cryptocurrency market is regulated.

[rhomelmabini]

Crypto is indeed full of riddles that I myself still don't really understand. The market moves so fast when the price goes up and now let's come here. We will look for a joint solution of the mistakes that have existed, many traders experience the same mistakes over and over again because they have not found the right solution. All back again or depends on you.

Indeed it is and more like a living education you're learning it more everyday. Crypto is still young and volatility isn't a new thing regarding it. There are tons of solution but getting to the right one will goes through thick and thins first, it's like taking some life lessons on the way. Your behavior depends in this market and those who are successful put much effort to be on top.

[Oilacris]

...The market is the master and has a mind of its own. It does whatever it wants. No one, I repeat, no one can be wiser than the market. Any attempt to do that is like mere mortals equating themselves with the immortality of God.

You cannot reject the importance of a market maker for manipulating the price in the cryptocurrency market, since it is the big players who are the cause of the loss for the rest of the market participants. This problem can be partially solved only if the cryptocurrency market is regulated.

How could it be done? Regulating is something in talks which would mostly impact those common or known exchange platforms we do have and if that thing will happen then this isnt something
different from those traditional brokers like in forex or stocks which do imposes out those kind of laws and regulations and next thing to that would be heavily centralized
which we know on what comes next and will affect crypto community which is something not acceptable.

Come to think that even on traditional markets on where manipulative stance and behavior could really be still seen and thats why i dont see for this to be a viable solution
which do tends to be applied? I dont think so.

[SquallLeonhart]

I have done with the TA, chart analysis, a lot of basis that we could use but none of these things will give us assurance, we're still facing in huge risks. To be wiser than the market is not important for me but what I need is to have a clear vision of what I do. It simply we can't avoid losses no matter what we do and this was because we can't make accurate forecasting, yet, it was still an anonymous trend to come that surely surprises us.

That is mainly because the market is not something made out of hardcore nonbudging material. It is not like gold or anything, it is mostly unregulated market. If 10 of the richest people in the world decided to sell a bit of their stocks (or if they got the cash for it then no need), they could end up talking with each other, decide to put 10 billion dollars each aside, which would be 100 billion dollars and go buy bitcoin all at the same time. Do you know how much that would change the market? That would honestly make the situation very different.

This is why it is not exactly like stock market neither, not that rich people will do that, at least not with that much amount but there is a chance for it. Unregulated crypto market that goes up and down like crazy based on some good or bad news could never be less volatile and reading charts, TA or whatever will only give us what it "should" be based on a regular market, but we are not regular, are we?

[Wawa2013]

Crypto is indeed full of riddles that I myself still don't really understand. The market moves so fast when the price goes up and now let's come here. We will look for a joint solution of the mistakes that have existed, many traders experience the same mistakes over and over again because they have not found the right solution. All back again or depends on you.

Some people always experience repeated mistakes when trading crypto and also haven't found a solution, it's because of their own fault, not because
crypto is bad. We can't be successful traders if we don't learn a lot, especially learn from every loss experienced. Remember everything needs to be
learned first to be understood. Likewise, when deciding on crypto trading, knowledge is needed to be successful. After all, crypto trading is not as easy
as one might think, it's not just buying at a low price and selling it at a high price. It takes effort from us to learn more about how the crypto world works,
so we can make the right decisions. So, from the start, don't ever expect to be instant success in the crypto world, it takes a long process to make us
as successful traders. As long as we don't give up and continue to learn from every mistake we make, surely we will find a solution for every mistake
we have made.

[Sanitough]

That is the nature of trading.

Indeed, that is the very nature of trading, to ride along the movement of the market. But doing technical analysis that enable traders to make decisions, based on the forecasted market movement plus the experiences, is just being wise but not necessarily competing with the market.

Ride and make a profit, that's all we have to do as volatility will remain, and hence we should view that as an opportunity. Whether it's bullish or bearish, we should be flexible as both market situation could offer an opportunity for us to earn depending on how we see it. As the market is very unpredictable, and it follows a trend or cycle, we should be aware that the bear market will eventually come after the bull market, and that's where we need to use our strategy.

[Drnice]

I think it should be wise with the market in it's move, cause the market is always on the move on either sides which will and always shows signs to traders who has understood the market patterns and candlesticks. Trading for newbie is best when you first start with a practice demo account on forex trading, to understand and make use of the tools available there, cause there is always a difference between a demo account and a real funded account. Not having the little basics of trading will lead to disaster when you jump in as a newbie trader with funds. Trading and making investments are two forms of risk taking, investing in a good and promising project will definitely give outstanding returns, while in trading, risk management is being measured.

[Zilon]

I sincerely envy people who know how to trade for their own money without leverage... The theme really works here - buy cheaper and sell more expensive.  But I constantly encounter people who buy more expensive and sell cheaper. Why and why ...? And it lasts a very long time until the funds are completely drained. ...Fear and greed rule this market. Only mentally inadequate people are engaged in trading alone. There are no geniuses in this market. The market eats everyone up sooner or later. It is good if relatives and friends with credit funds are not affected. Many people's children are paying for the simple moronism of the players.

To salvage the issue of buying high and selling low is just to hold for investors and have much funds for in your trading account for traders so you can trade with a very low lot size so that no matter how much the market goes against your trading analysis it will come back to offer some profit before it continues in the opposite direction. Account size most times matters alot in trading. With a large account size you can limit the risk by using a very low and reasonable lot size to trade.

[CryptopreneurBrainboss]

Following the 📉📈 has been the best advice and has been the most secure way of making it big in trading a principle that will bring about a smooth profit reality but most times we predict where we want the market to go. Been too sure could cost you alot, remember trend change and no market direction lasts for ever.

Probably your title doesn't correspond to the body of your post. Isn't trading basically trying to outsmart the market, that's after studying the market make decisions that you predict the market will make as a result be rewarded with profits whether it's a bearish or bullish direction the market take. Now why you saying we shouldn't be wiser than the market when actually we're trying to outsmart it. The market is usually deceiving with fake breakouts but been able to spot those help you in understanding the market and making right decisions. About not been greedy that is certain but don't say don't be smarter.

The market has a pattern, if it's a bearish pattern that's forming and you're foolishly taking a bullish decision when you're not a long term investor that's what you meant by not trying to be wiser than the market is that what you're advising on because that's how I understand the title of your post although the body doesn't support that. I might be misunderstanding it though.

[pinggoki]

More like don't be greedy, I don't see how being wiser than the market is going to be any bad for someone. Wisdom is literally a higher form of intelligence so I don't see how wrong would it be for someone to be wiser. I mean what could you possibly do in that situation though? Would you get less wiser?

[Jating]

More like don't be greedy, I don't see how being wiser than the market is going to be any bad for someone. Wisdom is literally a higher form of intelligence so I don't see how wrong would it be for someone to be wiser. I mean what could you possibly do in that situation though? Would you get less wiser?

I guess it boils down as to how traders or investors really learn from the market itself. If you are a newbie, then you can understand if they make mistakes. But if you have been long in the game, then definitely you have the experience and I would say you should be a wiser and smart investor. So that cycle will continue, the noobs have seen a full cycle (bear/bulls), and then stack up a lot of knowledge. And then we can new comers again in the market, so it's a process that everyone has to go through.

[ethereumhunter]

More like don't be greedy, I don't see how being wiser than the market is going to be any bad for someone. Wisdom is literally a higher form of intelligence so I don't see how wrong would it be for someone to be wiser. I mean what could you possibly do in that situation though? Would you get less wiser?

Avoiding greed will help us save our profit and feel enough with the profit we get. Wisdom will come to us from our lesson and how we can control ourselves in trading. The market will always change and we know that. Whether we are inside or outside the market, it will be like that. But if you want to follow the market, it will need more analysis and calculation so you will not make a wrong decision. If you can not profit this day, you can come back in the other days because that chance will come to you.

[pressing207]

Technical drains in both directions, as if by mistake, happen on all centralized exchanges all the time. After that, you can't prove anything in court. Not regulated by laws.

[palle11]

More like don't be greedy, I don't see how being wiser than the market is going to be any bad for someone. Wisdom is literally a higher form of intelligence so I don't see how wrong would it be for someone to be wiser. I mean what could you possibly do in that situation though? Would you get less wiser?

Yeah that is part of my point. You have to be wiser than the market and that is the way you can defeat it for your profit taking. Knowing when the market will drop and staying out of it is being wiser as you won't lose out your capital and if you figure a winning position to trade and jump in for profit is being wiser and not being selfish. If you are selfish it means you are being greedy obviously not the way to trade.

[tygeade]

Ride and make a profit, that's all we have to do as volatility will remain, and hence we should view that as an opportunity. Whether it's bullish or bearish, we should be flexible as both market situation could offer an opportunity for us to earn depending on how we see it. As the market is very unpredictable, and it follows a trend or cycle, we should be aware that the bear market will eventually come after the bull market, and that's where we need to use our strategy.

For someone who is a day trader, you are always looking for the opportunity to trade in the market no matter the condition in the market, whether it is the bull times or the bear times, you just have to look for the opportunity.

Although the bull times is usually the best because there are so much opportunity and the market would usually go in your favour, unlike the bear times when it might be difficult because the market is mostly depreciating in value. But, Hodlers would mostly prefer to that they are investing at the lowest point in the market and holding for a long term for them to make good profit and that’s just it.

[Marykeller]

Nobody has ever mastered the art of trading. Crypto trading requires more experience. Trade on what you can afford to lose. To avoid loss of money in trading, stay away from greediness, take off your profit and reinvest. Applying wisdom in this bearish season is the best way to survive now the market looks bearish.
Crypto trading is not calculated based on your intelligence but rather your smart move to know when to withdraw and hodl

[Anguwa]

This is an excellent suggestion: take the small profit you have and plan for future purchase. But there is one thing that is quite important: sufficient knowledge of cryptocurrency in general, as well as solid knowledge of trading. Also, try to gain experience before investing large amounts of money, and avoid investing money that you cannot afford to lose.

[Ripe_berry]

The real fact. Greed never pays rather it leads to a devasting tragedy of had I know. A bird at hand wroth more than ten thousand in the bush they say. We must not get it all, small today, small tomorrow will help one achieve more.

[RealMalatesta]

Following the 📉📈 has been the best advice and has been the most secure way of making it big in trading a principle that will bring about a smooth profit reality but most times we predict where we want the market to go. Been too sure could cost you alot, remember trend change and no market direction lasts for ever.

Take the little you can and leave will help build a good trading account. If it doesn't work out In a single trade take a rest and try again some other day. The market is always flourishing don't allow greed buy away the good analysis and strategies you built over the years. It's one thing to learn and another thing to earn. It's one thing to know a strategy and another to use it against the market tragedy. Instead of deciding for the market take the little you been offered and come back another day.

That’s for sure but some would never learn. The greed is everyone but you have to learn to control it. There are lots of people who lack control over their feelings and behaviour towards the outcome of the market.

Some people just feel greed and even at the wrong time when they know that their strategy wouldn’t work in the market condition, they still tend to give themselves hope that it is going to work out for them, while the best option at the moment would be for them to quit. Due to this mentality, they have, they end up deceiving themselves and losing their money.

[Distinctin]

Learn from your mistakes, which will make you mature over time.

Trading is not an easy job if you will not improve your knowledge, remember that the market is volatile, hence it's very unpredictable. However, if you have developed your skills and earned a lot of experience, things would become easier for you as you will eventually become more profitable and be more consistent.

The journey is not easy but we should continue to reach our goal.