Understanding "When" to trade.

[Hypnosis00]

I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.

It's up to you as a trader. Strategies may vary depending on the situation. If what you are doing is working well, you'd supposed to continue doing it. However, we can't give assurance to those who want to follow this strategy as we can't hide the fact that sometimes it won't work for the other person.
Why?
 * it is because it varies in decision-making
 * it is because we are not using the same coins or an exchange
 * Personal behavior has a huge significant effect on our trade

Even OP will do as you've said, can't also expect you've got the same result and see him being successful just like you.

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[goldkingcoiner]

I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.

It's up to you as a trader. Strategies may vary depending on the situation. If what you are doing is working well, you'd supposed to continue doing it. However, we can't give assurance to those who want to follow this strategy as we can't hide the fact that sometimes it won't work for the other person.
Why?
 * it is because it varies in decision-making
 * it is because we are not using the same coins or an exchange
 * Personal behavior has a huge significant effect on our trade

Even OP will do as you've said, can't also expect you've got the same result and see him being successful just like you.

Well no, it does not vary. it is simple mathematics. The probability of a trading making a profitable trade goes down with his trading frequency. If you for example tried to catch every single dip and sell every single top just to make a tiny profit then you would still have a higher probability of making losses, not profits.

Lets say you would still be trading 18x a day. Thats 504x a month which equates to over 100% loss of your holdings if we go by a regular 0.2% trading fee. (This means: if you make no profits, you will have no money left after the last day of the month to trade).

So you have to make 3.6% a day to only even out the trading fee losses. Nobody is making 3.6%+ every day. I don't care how good you are.

Your logic of profit percentage as an exponential function hits a dead end at the unpredictable nature of the market.

[justdimin]

I think it is also important to set trading limits for your trading habits. The trading fees add up and people really don't understand this, they end up going back and forth 10x a day in trades. With a 0.2% trading fee, that would be 2% loss per day and 60% per month. For example, I do not trade more than once a day because of this. And to be honest, even once a day is too much as you lose 6% on fees in a month like that.

At that point it might be better to hodl.

If you calculate the trading fee into your profit beforehand, then you should be doing fine. I had a friend who used a bot that did profit no matter how much, like even if it was 1 satoshi profit, it was still a profit and it calculated the trading fee as well, so even though he did thousands of trades in a single day because of the small "sell as soon as it is in profit" method, he still paid a ton of trading fee and never had any problems considering it calculated that in.

The only reason he stopped was the fact that he made good profit but not great, whereas when he bought something that went down, he had to keep it for way too long and lost a lot if he wanted to get out.

[endut15]

Trading strategy for me does not define the day. Seeing the market is down with a red percentage is better, for daily trading I control when the market is down. I often use my spare time to see market movements, I don't specify a weekly analysis. The analysis I do is with a stable market movement. Some of them often move within 2 to 5 days. With repeated analysis, profits can be maximized properly.

[Bhig Daddy]

Knowing when to trade doesn't really have to to with the week days to me but how the market is at that particular time, and then I think you are right about the emotional stability, not just in crypto but in every aspect of life, when you are emotionally down nothing will seems to work out for you. So just give it a break when you are not emotionally okay.

[Rengga Jati]

Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.

What do you mean by 'not to trade' here? Not sell your coins?
Honestly, I don't care whether holidays or weekdays, minor events or major events, emotional or not. As long as I see the price meets my target, then I will sell my coins. The decision to sell or buy is never based on those things, I prefer to sell or buy because of the current trend or the current price of the coins. Our goal is only 1, it is about the profits, not anything else.

[Quidat]

Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.

What do you mean by 'not to trade' here? Not sell your coins?
Honestly, I don't care whether holidays or weekdays, minor events or major events, emotional or not. As long as I see the price meets my target, then I will sell my coins. The decision to sell or buy is never based on those things, I prefer to sell or buy because of the current trend or the current price of the coins. Our goal is only 1, it is about the profits, not anything else.

Trading doesnt automatically mean that you would sell out your coins or assets because talking about on when to trade would be basically finding for the right time to get yourself in
or able to accumulate which is most likely be preferring on cheap or red times or bearish where chances on making profits with volatility is likely.The main question is on how
to identify the bottom because this is something that we do really always question or asked about.We could see it on technical aspects but we know that market
could easily fucked up these analysis but its not bad to have some basis rather than have nothing at all.

[CaVO32]

Some other times not to trade as well are;
- On holidays.
- During Major news events.
- When you are emotional unstable.

What do you mean by 'not to trade' here? Not sell your coins?
Honestly, I don't care whether holidays or weekdays, minor events or major events, emotional or not. As long as I see the price meets my target, then I will sell my coins. The decision to sell or buy is never based on those things, I prefer to sell or buy because of the current trend or the current price of the coins. Our goal is only 1, it is about the profits, not anything else.

Trading doesnt automatically mean that you would sell out your coins or assets because talking about on when to trade would be basically finding for the right time to get yourself in
or able to accumulate which is most likely be preferring on cheap or red times or bearish where chances on making profits with volatility is likely.The main question is on how
to identify the bottom because this is something that we do really always question or asked about.We could see it on technical aspects but we know that market
could easily fucked up these analysis but its not bad to have some basis rather than have nothing at all.

And at the end of the day, it depends on your financial needs. Holidays or other major events won't matter in your trading activity if you do need your funds. But if you can wait and want to take advantage of what is happening in the market, you will closely follow the updates and news surrounding the crypto market. Because that will give you insights on when to move your funds or if you need to exchange it to other alts.

[LUCKMCFLY]

I think that to operate I have a different way of operating, for example at this moment I am not operating because in reality I do not know what could happen in the market, it would be crazy to enter the market trying to guess, and it would also be very irresponsible, this insecurity lies in me because of the fundamental cause of the war between Russia and Ukraine.

For now there are many traders who have another vision of the market, and they are operating, those who are chartists are guided by their way of operating with their figures, otherwise those who are fundamental analysts have a higher rate of being able to lose, this is what which makes it difficult to misunderstand the market.

[Iadegbola34]

- On holidays.

Totally agree with you on this. The market moves in one direction during holidays and it might remain so until the next day. There's a whole lot of stability and a whole less of volatility to even consider entering a trade. If one makes an impulsive decision during those periods, one might run in loss.

[Iadegbola34]

- When you are emotional unstable.

To be a successful trader, i believe one you should never make a financial decision based off emotions or impulse. So yeah, never trade when you're emotionally unstable

[Webetcoins]

I would like to shed more light on the part of being emotionally unstable. No matter which day it is, if you are not emotionally stable, your mind wouldn’t be there to make the right decision. Even if the market is in a good position for you to trade, you wouldn’t still be able to figure out things because your mind wouldn’t be at the right state to do that.

So, it’s really good for us to know when we are not in the right state of mind to do things like this. Whenever I feel that my mind is not in the right position to trade, I just stay completely out of the market because I know that whatever I’m doing is going to be just a total waste of time.

[palle11]

- When you are emotional unstable.

To be a successful trader, i believe one you should never make a financial decision based off emotions or impulse. So yeah, never trade when you're emotionally unstable

Apart from the emotions , you need to trade with the chart which is the technicality of the market. Many traders fall for their emotions and jump into the market when they see one candle "dancing to their expectation". Our emotions often times play a fast one on us and we take risk not worth it. If the risk we are taking doesn't have high probability or potential of bringing profit then it is not worth it.

[SirLancelot]

Even experts would have hard time in bad market's it is easier to make a profit during bull run, experts can make a profit during bear runs as well and not just bull runs but even they have hard time finding profit during that time as well. How could you make money when the prices are going down?

During the bearish trend, making a profit is usually a hard thing to do. For anyone to be able to make a good profit at times like this  would require a lot of skills and being good at it. But during bullish trends it is easier for everyone to make profit.

Most of the times I just choose to go long-term because short-term trading is usually not that easy as some people would think. For you to be able to be making profit on a short-term requires a lot of dedication and having good knowledge of trading. But long-term doesn't need that much effort , though you still have to know how to read the chart and predict where the market is possibly heading to next.

[sensimilia]

-snip-
- When you are emotional unstable.

In my opinion this is the worst factor when trading compared to other things. The emotion of joy because we continue to make profits makes us rash in making decisions, eventually this greed makes us lose control and lose funds. Then when we are anxious because we get a loss this is also dangerous. Stabilizing emotions when trading is the biggest challenge, if we can control our emotions I believe the other two points above can be overcome, because automatically we can think clearly in taking and responding to the moment when trading.

Yea when our minds become so emotional there are a lot of things like greed, impatience, and more. Before we invest or trade we should be able to control these emotion and this some step I do to minimize that emotion overcome my mind, use my cold money, have a long-term mindset, stay away from FUD, don't ever get trapped by FOMO, and of course learn first before we go trading for real.

Here again it really is not the subject tips given here that are considered effective if we apply them here but what is here but can reduce my passion here by ourselves then we have to control before trading and not let control here and it  The only downside is that if everything is prepared before starting a business here, I guess what kind of cheating would be so complicated.

[Rockstarguy]

Know how to trade and when to trade is so important and this two falls into trading strategies.  For one to always have good trade is to know good strategies , knowing the right strategies for a particular time that is what matter the most, using a particular strategy all the time is not the best because strategy can change,  getting new strategies helps a lot in trading.

[wiss19]

When you are "ready". People keep forgetting that they need to be emotionally and mentally ready to trade as well. They keep focusing on when the market is ready, when the prices are low, when things look to be getting brighter and so forth, but the reality is that we are talking about a personal thing.

A period when market looks to be prime to get in and how to make a profit is something that we should be considering a lot, it is really a great situation but at the end of the day if you are not ready, and you feel like when you get in, you will be in too much of a panic mode and wouldn't know what to do, then do not get in and wait for the next period.

[jrrsparkles]

It really depends on the trading strategies used by the individual, for me its good to trade on weekends because I feel not huge volatile swing so its possible to make 1 or 2% by doing day trading on those days with less risk compared to high swing days. Also I am not really used to trade on major event basis but many people succeeded on those occasions if the find the things before it happens.

[elisabetheva]

It really depends on the trading strategies used by the individual

maybe I really agree, that everyone's trading strategy will certainly be different from one another and is normal. because the habits that have been carried out in trading will certainly lead people to do it continuously, apart from the fact that the situation that is built is no longer suitable and experiences disadvantage so that it changes methods and days that may be adapted to new ones, although of course it is very risky to make those changes.

for me its good to trade on weekends because I feel not huge volatile swing so its possible to make 1 or 2% by doing day trading on those days with less risk compared to high swing days. Also I am not really used to trade on major event basis but many people succeeded on those occasions if the find the things before it happens.

some may indeed trade in accordance with major events that have occurred before, and it certainly returns to a habit that will make that person will do it, maybe even people do not associate major events with trading but instead apply it to the day when they will trade.

[LUCKMCFLY]

Knowing when to trade doesn't really have to to with the week days to me but how the market is at that particular time, and then I think you are right about the emotional stability, not just in crypto but in every aspect of life, when you are emotionally down nothing will seems to work out for you. So just give it a break when you are not emotionally okay.

Well this is something to take into account, although the state of mind does not define everything as things are, having a good attitude sometimes helps to see other scenarios, perhaps when it is good to enter or not, but if it can be taken into account to be more enlightened, there are people who set challenges or goals during the day, but it is not bad, it is good, although sometimes it can cause some stress if expectations are not met, and this can lead to failure, however It is good to have daily goals until they are met, in case they are not met, then the stop loss is simply the one that jumps, I think that is the correct way.