Understanding "When" to trade.

[Alisha-k]

Are you serious about not taking a trade when market opens up? In stock markets i have seen 80% of traders taking trades when market open up, that is the best phase because you get the most volume and can easily play on the momentum of any stock, after half an hour the volume stabilizes and then it's difficult to expect big movements in any stock without volumes many patterns are also difficult to validate. Rest all i agree that you shouldn't trade in certain times but surprised to see you don't trade when market opens up.

That's why it's best to run a personal analysis of the market and not to work with other people's analysis all the time.
This is just OP's observation from his own analysis, I for one trade on Monday's too, it may not be the most favourable day in the week but it usually yield increase mosr of the time.

[pragna]

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.

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

I think it does not work on internationally. Because internationally holidays are not same and specific days also can not match. Actually i think trade fully depends on update news from team, roadmap work from team, crypto news also around us. as for example when covid season, maximum people invested their money from home in crypto market so that market was high instead of down. So situation is main fact it think.

[tvplus006]

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

It all depends on how much time you can devote to trading. And if this is the main source of income for you, then you will not pay attention to what day of the week it is, you will constantly monitor the market and open orders accordingly. If you have an office job and trading is an additional income for you, then it is enough for you to focus your efforts on medium-term trading.

[nurilham]

It's a important thing, a trader has to understand good comments to trade because that's how they can make a profit on trading. it is true to say that on certain days it would be good to trade. This is an important thing before trading, namely understanding the market so that we can see the right moment to sell or buy coins. That's why a trader must be able to read charts and analyze the market so that we can follow the crypto market and start trading. If you are asked when is the exact time to sell or buy coins, as said, it depends on the moment, so you have to be more patient and careful.

[Finestream]

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.

As a trader you must not follow all the guidelines given by the OP and by others on thread as you have to look for what best works in your favor and those suggestions mightn't. Trading is about developing a strategy that suits you and trade consistently until your perfect those strategy and become a professional yourself. One common mistake the average traders do in this industry is trading hype/new coins especially on the day of listing.

There's always the right timing to trade, and you should have known it before you start trading. But you can't expect for a perfect trade, your trade will only  be successful if you trade with the good analysis of the market and you trade with your own proven strategies. Otherwise, you will only lose in trading because you insist to trade despite of the negative market condition, or you end up trading with the wrong coins or the hyped coins.

[Viscore]

Because a person's trading preferences certainly have different angles and readings of conditions. As for me, there is no exact time benchmark and can really determine when and what days to avoid. Because for most other traders, while their analysis says that prices are open to entry in a short time span, then they definitely will. The market runs 24 hours non-stop, but it's only about volume at any given time that makes the difference. It is also always adjusted to the condition of the news that is obtained.

They say the best time to trade is when the market is stable and has no negative news currently happening. I think this is very true as we need the right timing to trade and the best entry is when the market is not crashing, not totally pumping, but more on a stable condition. You will only recognize this if you are a frequent trader as you can create differences based on the results of your trades. Although no trades can be perfectly done, but they can be perfectly right if you always trade with its right timing.

[strunberg]

They say the best time to trade is when the market is stable and has no negative news currently happening. I think this is very true as we need the right timing to trade and the best entry is when the market is not crashing, not totally pumping, but more on a stable condition. You will only recognize this if you are a frequent trader as you can create differences based on the results of your trades. Although no trades can be perfectly done, but they can be perfectly right if you always trade with its right timing.

its give us steady growth and less volatility, trade in this condition was very ideal to gain maximum profit with less risk. negative news creating high volatility in market so  we often to see alot trade liquidate in market , but for expert traders actually this condition was good to enter market to take swing posiiton.

[ibuddy122505]

Because a person's trading preferences certainly have different angles and readings of conditions. As for me, there is no exact time benchmark and can really determine when and what days to avoid. Because for most other traders, while their analysis says that prices are open to entry in a short time span, then they definitely will. The market runs 24 hours non-stop, but it's only about volume at any given time that makes the difference. It is also always adjusted to the condition of the news that is obtained.

They say the best time to trade is when the market is stable and has no negative news currently happening. I think this is very true as we need the right timing to trade and the best entry is when the market is not crashing, not totally pumping, but more on a stable condition. You will only recognize this if you are a frequent trader as you can create differences based on the results of your trades. Although no trades can be perfectly done, but they can be perfectly right if you always trade with its right timing.

It could be complicated for individuals, as when to trade totally dependent individual activity. Bitcoin block chain isn't owned by institution that could be regulated even if they want to. Complete industry as an idea or design to uncertainties and volatility. It's hard to come up with certain decision, so recognize the right time to trade pure difficult thing, only luck and enough knowing on this market can help you. Taking out my profits is all about my concern then jump in later once goes back down. Unless do nothing and wait until the right time.

[worle1bm]

There is difference in the crypto market and traditional stock market as the later one is closed on weekdays and some holidays also so no trading is done at all but the crypto exchanges have online business and active all the weekdays.So it you say about this then only for me Sunday is the free day where no trading is done and only market analysis is the work on that day.I usually make my next decisions on free day and study the past patterns.But usually have to relax our mind once a while so for me it's Sunday.But we all can have different approach in trading as it suits us.

[Mpamaegbu]

You're right, OP. People don't get to be called traders because they're always in trades every day and time. There are days professional traders stay off trades. Monday (in Forex Trading) is said to be a day the market wakes up from its weekend slumbers while Friday gets it into the weekend mood. The market is majorly slow on these two days. Also, traders should learn not to trade every pair. Pick only ones you can read and analyse their body language. I know of a trader who trades only a pair and he's very profitable at it. Back to the crypto market that doesn't sleep 🤔, it's enough temptation to make traders think they can always be in the market because of that. That's a wrong approach. One should mark days of high chances to get profit, when the market is very active and with nice trading volume. From my observation, Sunday and Monday aren't the best of days to be in the crypto market, trading.

[Strongkored]

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

These 2 things are interconnected usually when we read the news that is very likely to affect the market will make us become in a hurry to open a trade and make emotions become unstable, these two things should be avoided if do not want to experience losses because of taking positions in a hurry and the result is a mistake.

[Xampeuu]

even though they have the same trading basis, namely buying at a low price and selling at a high price, but there are indeed differences in the characteristics of the trading time, where the forex market seems to be more regular with a news schedule that we can see in the forex factory, this is different from cryptocurrencies, which where the news was not shown before, and suddenly the price could pump very high. but both are the same in how to buy, namely buying while in the support area

[CryptopreneurBrainboss]

There's always the right timing to trade, and you should have known it before you start trading. But you can't expect for a perfect trade, your trade will only  be successful if you trade with the good analysis of the market and you trade with your own proven strategies. Otherwise, you will only lose in trading because you insist to trade despite of the negative market condition, or you end up trading with the wrong coins or the hyped coins.

You can do everything right but still not have a successful trade. Even the professional lose at times. The market has its own mindset, so you have to be cautious of this while trading which is why we're advice to only go in with funds that are our spare and we'll be okay losing. I don't believe in any coin been a wrong coin, even the shitcoin can still be profitable trading if you know what you're doing. Investors hoping to profit in the long run are those that should dig dipper into a project before they invest into them.

As a trader you could do some basic research just to make sure you aren't trading scams or rug pull project then you can take advantage of the news surroundings the project and get out before it fades away. This style of trading is very risky and shouldn't be engaged by novice. The said wrong coin, we have traders that trade it successfully.

[pawanjain]

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.

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

I agree partly with you. Trading how is one of the things but trading when is definitely where many of us fail.
I can say this from my own experience because I have made some terrible entries and exits which is why I have encountered losses many times.
Other than that, I don't think that there has to be specific days for trading because the crypto market is really unpredictable and we can see trends change quite often.
So rather than waiting for specific days to trade I would rather wait for the opportunity to arise anytime but wait for that moment to make the right trades at the right time.
Not that I am really good at it but I am trying to improvise.

[breathlessz]

the most dangerous is when we are emotionally unstable and want to trade. this is certainly not recommended, because we cannot think carefully, so that in analyzing the market it is also less thorough. everything will be controlled by our emotions. and we know that psychology is the most influential in trading. many of us make mistakes when the rally comes and greed leads us to panic sell. seems simple but many people still make the same mistake

[Cling18]

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.

As a trader you must not follow all the guidelines given by the OP and by others on thread as you have to look for what best works in your favor and those suggestions mightn't. Trading is about developing a strategy that suits you and trade consistently until your perfect those strategy and become a professional yourself. One common mistake the average traders do in this industry is trading hype/new coins especially on the day of listing.

There's always the right timing to trade, and you should have known it before you start trading. But you can't expect for a perfect trade, your trade will only  be successful if you trade with the good analysis of the market and you trade with your own proven strategies. Otherwise, you will only lose in trading because you insist to trade despite of the negative market condition, or you end up trading with the wrong coins or the hyped coins.

I certainly agree, as long as the market is in good shape, we could trade freely but we shouldn't expect it to be done perfectly. Knowing technical analysis will always be an advantage but we should always consider the capability of the coin that we're trading especially its weaknesses so we'll know how to deal with them.

[bitgolden]

Trading how is one of the things but trading when is definitely where many of us fail.
I can say this from my own experience because I have made some terrible entries and exits which is why I have encountered losses many times.
Other than that, I don't think that there has to be specific days for trading because the crypto market is really unpredictable and we can see trends change quite often.
So rather than waiting for specific days to trade I would rather wait for the opportunity to arise anytime but wait for that moment to make the right trades at the right time.
Not that I am really good at it but I am trying to improvise.

You could fail when trading, that is a fine thing and there is nothing wrong with that. But, you should also learn how to get better when you fail, that is the gem there. If you lose money when trading, but learn why you lost money there, then you should be able to not the same mistake again.

This should allow you to earn a good amount of money and would allow you to get better. Doesn't mean that you shouldn't really change the way you trade, just means that you should learn how to get better in the long run. I personally failed many times when trading, and still failing time to time but I realized my mistakes and ended up getting better in the long run.

[nhaila]

I don't have enough certain time frame for trading because I always wait for market down for purchasing coins and wait for market ups for selling my investment coins for a better price and profits...
 

[DoublerHunter]

I don't have enough certain time frame for trading because I always wait for market down for purchasing coins and wait for market ups for selling my investment coins for a better price and profits...
 

^ Because the fact is there is no way to predict when the market is down or up, it is always an unpredictable market movement.
People should understand first the market situation and know the possible movement of BTC even though it is unpredictable but if you are in the market for quite a while, probably it is easy for your to guess when and where is the right time to trade and invest. I know there is no way to know when is the perfect timing of buying and selling BTC but if you will set and technical and fundamental analysis you will not get far form your prediction.

[Silberman]

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.

As a trader you must not follow all the guidelines given by the OP and by others on thread as you have to look for what best works in your favor and those suggestions mightn't. Trading is about developing a strategy that suits you and trade consistently until your perfect those strategy and become a professional yourself. One common mistake the average traders do in this industry is trading hype/new coins especially on the day of listing.

There's always the right timing to trade, and you should have known it before you start trading. But you can't expect for a perfect trade, your trade will only  be successful if you trade with the good analysis of the market and you trade with your own proven strategies. Otherwise, you will only lose in trading because you insist to trade despite of the negative market condition, or you end up trading with the wrong coins or the hyped coins.

The issue with a great deal of traders is that their strategy depends on getting in or out of the market at exactly the perfect time to do so, and no one can do this consistently, there are a few that sell at the ATH or buy at the very bottom but they are the exception and not the rule, so what to do? You only need a strategy that is still profitable as long as you enter or exit your position close to those levels, something which is way easier to achieve but that is still difficult enough for the majority of the traders around the world to be unable to do so.