Understanding "When" to trade.

[Maus0728]

Knowing the HOW to trade is one thing, another is knowing the WHEN.
As a trader (crypto & forex), it is bad to trade every time the market opens up. The best and most profiting traders are not those that trade everyday, but take a targeted approach to trading.

For me, I know for sure that i do not like to trade on Mondays because that's when i take analysis to know which way the market will go for the week. Trading days for me are usually on Tuesdays and Wednesdays, the market moves better on those days for me.

Your stand only applies to what you have experienced, your situation, and could never be applied to all or even the most of traders. Some people prefer trading and having positions on Mondays especially on crypto as mondays often is the momentum of the market to recover from downtrend every weekends - as most whales also plays on weekdays and sells as Saturday approaches. Tuesdays and Wednesdays are often days before peak price in a week - which can also be an upward peak, or a bottom line peak.

Though, I still agree that everyone must take their emotional problems as a primary reason not to trade as it drags down how you think and perform. But all should also know that you shouldn't trade without a plan. Only trade WHEN you already made a solid plan -- a plan where you already know what to do when you encounter situations such as loss in trading.

For those thinking timing isn't a necessity for having a successful trade they should have a rethink. You don't go trading when the news is out there of some negative directives been issued towards the industry. You can only end up losing as the market will be moving in an opposite direction to your calls
this situation only favours you when you're probably shorting then will the market move to your calls.

It isn't necessary in scalpers tho. Regardless of having a negative news, scalpers especially in Futures market only tends to technical trade.

[1715551908]

1715551908

[1715551908]

1715551908

[Qikiye]

A successful trader basically does not want to trade all the time. He wants to set any specific day of the week by doing market analysis. However, if the market conditions are favorable, it can be traded any day of the week.

[ajochems]

The simple answer for your question is now.Because the market had changed the lot.The correct way to trade is, dump market. When ever the price of certain things was reduced, it wil be enough to buy at the less price. Don't buy bulk some amount, because it also had 20% of bitcoin price back fire. When the price further reduced,you maybe the loser.

[GreatArkansas]

Knowing the HOW to trade is one thing, another is knowing the WHEN.
(....)

This is one of the many lessons I learned when I started to trade. Know when to trade or not all the times are good to trade.

It's not mean when you close your short position, you can open a long position immediately. This is one of the many mistakes of some traders, it's like they are always thinking that the market will always go by their side and they thought they are already missing an entry.

[smartaction]

actually i am an holder i don’t like daily trading . but some time i take entry when i see a major news about any token or coins. like new product launch , blockchain upgrade, partnership, new top exchange listing, token buran etc .

[ethereumhunter]

Knowing when to trade is something important that every trader must know because they will have their own time when to trade. Some choose Monday to trade but they have analyzed the market since Sunday and checked the market movement a week ago. There are different methods for every trader so I think there is no right method about when to trade because that is based on how a trader will determine their time to trade.

Some traders will start to analyze and trade when the market is downtrend because that could be a good time to enter the market. But the other traders will search for other ways to enter the market. But never try to trade when your emotion is unstable because you will find it difficult to determine when to trade.

[Mauser]

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

Very valid points on the timing of our trades. I agree with you that the When is most of the time more important than the How. If we buy right before the Dip than it doesn't matter how good our research was and if we picked the best coin, all prices are likely to fall. Having a general strategy for the current market position is good way to avoid such missteps.
Not trading during major news events is wrong though. In my opinion trading during big events can return very decent profits. In behavioural finance there is a whole subbranch that focuses on overreaction during crisis. In most cases traders will give too much weight to the current crisis and think everything is over, there is no tomorrow. Buying against the herd during such times can bring good returns. Of course not trading at all and waiting for the dust to settle is also better than panic selling.

[sayaya17]

Knowing when to trade is something important that every trader must know because they will have their own time when to trade. Some choose Monday to trade but they have analyzed the market since Sunday and checked the market movement a week ago. There are different methods for every trader so I think there is no right method about when to trade because that is based on how a trader will determine their time to trade.

Some traders will start to analyze and trade when the market is downtrend because that could be a good time to enter the market. But the other traders will search for other ways to enter the market. But never try to trade when your emotion is unstable because you will find it difficult to determine when to trade.

I agree every trader has different trading strategies and methods, so surely every trader should know the best time to trade. We also need to look at
the market situation, the news circulating regarding crypto, our financial situation and also our emotional state. There are many things to consider
when is the best time for us to trade, sometimes everyone has a different time. So don't be influenced by other people, because Monday is not
necessarily bad for other people, but bad for us too. Only we ourselves know when is the best trading time, so try to ask yourself, because only
we ourselves know the answer when to trade. Even though crypto trading is open 24/7, does not mean we can trade arbitrarily at any time,
there are certain times that we should not trade. We ourselves have to learn from our trading experience so far, try to analyze when we usually
can make a lot of profit from trading.

[horrifiedx1]

if in forex, indeed in short-term trading, many avoid the hours of news that have a high impact, and also holidays. in cryptocurrency there doesn't seem to be a well-organized news schedule. therefore many traders are not greedy to open transactions at that time. they prefer to trade on normal days, with the hope that the market will move according to the analysis, maybe on Monday the traders' analysis doesn't work

[Sterbens]

actually i am an holder i don’t like daily trading . but some time i take entry when i see a major news about any token or coins. like new product launch , blockchain upgrade, partnership, new top exchange listing, token buran etc .

Holders feel more calm and less panicked about temporary increases and decreases. Especially when the negative news in the market started milling about. Holders tend not to want to know all the time market movements. That's what makes us psychologically safer, rather than being daily traders who have to accept some invalid market information.

[Flexystar]

Definitely agree on this one. I think it’s one of the different advice I have read on the forum so far. Obviously we have to have proper timing and proper judgmental thought when we invest into crypto space. The market in here is way way different than what we experience in the share market. Here the timing plays crucial role no matter what because crypto is all about volatility. It’s changing the course all the time and hence you need to be very very picky when you are making the entry point.
These all thoughts came to mind when I read the OP. So yes definitely I’m going to work on the proper entry and exit strategies to reduce the losses.

[Sled]

These all thoughts came to mind when I read the OP. So yes definitely I’m going to work on the proper entry and exit strategies to reduce the losses.

Yes, traders wanted to make everything be in perfect timing, aiming to buy at a lower price and then perfectly sold it at the peak price. However, it was just very unfortunate that we can't make things be in good timing, we really missis more often due to the unpredictable trend of the market. So, what we gonna do by now is only to find a way to minimize our losses that is why we have to study the market so well. We use trading tools and indicators to help it out. This reminds us how important to have deep knowledge in the market and never think trading is so easy.

[Vaculin]

I don't think there's a perfect timing when to trade, it's always not perfect. I mean  you can't find a perfect timing when to trade, crypto is too volatile and it fluctuates too often. You may think as if always has no timing when to trade in the crypto market, no idea on the forex as I'm not familiar with it.

Knowing how unpredictable the trading market is, you will never know when is the perfect timing to trade, but you will know for sure it's the best time to trade. Knowing when to trade is a very vital part since you are not risking your own money, but also your time and effort. So as much as possible, you will only trade if you see the timing is right, not perfect. And trading with stable emotions and having a good market analysis is always the best time to trade as you become more positive to gain good profits than losses.

[palle11]

A successful trader basically does not want to trade all the time. He wants to set any specific day of the week by doing market analysis. However, if the market conditions are favorable, it can be traded any day of the week.

Apart from days to trade, successful traders too have been able to understand that it is not profitable to be in market all day as the news can hit your order and change the direction of market. They have also attached themselves to some pairs which they usually make profit from and in such trade strategy, you can see very few pairs being traded and not too many pairs that will look confusing.

[Scripture]

A successful trader basically does not want to trade all the time. He wants to set any specific day of the week by doing market analysis. However, if the market conditions are favorable, it can be traded any day of the week.

Apart from days to trade, successful traders too have been able to understand that it is not profitable to be in market all day as the news can hit your order and change the direction of market. They have also attached themselves to some pairs which they usually make profit from and in such trade strategy, you can see very few pairs being traded and not too many pairs that will look confusing.

Medium to long term trader are more successful compare to a day trader, so i agree that we should not always in the market and better to understand the good timing when you buy and sell. There’s a lot of analysis needed for you to understand on when to buy and sell, at first you need the strategy so you can have your target price the next thing to do is to wait for that price to happen so you can sell next.

[palle11]

Medium to long term trader are more successful compare to a day trader,

This is not verifiable. I have read traders who doesn't agree also with this. Long term, medium or day trading are all strategy to trade for profit. In fact, day trading is suppose to be more profitable because it is faster and you can go in again after a trade ends but the fact is that no one trading strategy is better comparing it with the other type of trading but we have the choice to use the one that we prefer base on our experience.

[Alisha-k]

- On holidays.
- During Major news events.
- When you are emotional unstable.

When trades are on holiday for forex then you can switch completely to crypto trading. During major news events for me its a swift time to take good advantage of the high volatility because in cases like this we experience very high spikes. The only time i will avoid trading is when my emotions go soar. i will avoid trading completely

[NicNacCoin]

For those who trade professionally, the trading market is always the same for those who trade all the time.Because they have enough knowledge about the market.They never trade roughly like us. They do market analysis and then trade.But we should all realize that when the market is dumping the most, we should buy and then trade.The emerald market will rise a little above the maximum dropping and then you must have a profit.

[Ahli38]

I will trade when my psychological state is healthy or calm. not having a problem.
because in analyzing the market in need of clear thinking and calm.

and I usually analyze on Saturday and Sunday. and start trading on monday. but sometimes i start buying assets on the last sunday or on monday night. because like there is a price discount. ie decrease. but not always like that every week.

And of course don't enter the market every time you see the market. but many beginners lose because they always want to trade and earn every day. so that their minds in analyzing market conditions are not careful because they are done in a hurry and with an uneasy mind. because they feel every day must make a profit from the results of trading. it also happened to me at the beginning of the world of crypto trading.

[Reid]

We have our own "holidays" when we take the day off and calculate the things we made either weekly, biweekly, or others takes it as monthly basis like they are employed. Day trades takes a lot of work, I don't recommend it for those who are in a starting phase.
The "when" is such a complicated issue. There are times the market moves when you least expected it and when you have the traditional belief of the time when traders take their rest, that's old school.
There are new traders now and it could also affect the market by a great number and they don't have such a rule for their routine.