Understanding "When" to trade.

[lombok]

-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.

[LastKiss]

-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.

[monineklutak]

-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.

The tips you provide seem to be really useful if we apply them to at least minimize emotions in ourselves,
in trading do not let emotions control us and it will only make us lose,
obviously prepare everything before starting to trade because crypto trading is very complex

[henmark]

Every trader should make sure that they really understand themselves and how things would really work for them. I do see traders who are trading on a daily, and they are able to make profit. Maybe I would say it's because they have better skills, and like you have said anyone who is trading should only go in at the time when they feel it is right for them to do so, so I believe that these people will also be doing the same. So, it’s all about what you can do, just stay at that.

Then I would like to add that it is very important that we keep our emotions in check, and know when to trade. If we are having a bad day, it is very important that we avoid trading, because most times our mind would be messed up and we wouldn’t be able to focus enough to be able to trade perfectly.

[TheUltraElite]

I dont agree with not trading on major events.

Your trades only mean a number of buy/sell orders. You place them and watch the action as it unfolds. This patience should be there in every trader. During a major event your extreme buy/sell orders have a chance of getting filled and therefore your fiat<>bitcoin ratio changes in your holding. This is necessary for long term trading. Whenever the market falls you will buy and sell when it rises.

The extreme end orders are safer than the narrow end ones. Like buying at 30k and selling at 50k - pretty safe if you ask me, as compared to buying at 45k and selling at 47k.

[pawanjain]

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.

Yes ofcourse. Learning from mistakes is a skill that not everyone has or can master. It comes only with experience.
What most newbies do is that they keep repeating the same mistakes over and over again and thus lose all their money.
Then they blame on crypto and it's volatility because of their own mistakes rather than improvising themselves.
This is why they say that most of the active traders lose money than make money.

[justdimin]

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.

This sounds like a good tip for the beginners who look for perfect timing to get into. Usually clear trends which are confirmed by more than 2 different strategies are good to trade with. When you are good in strategy making and executing then you do not need to look for "days" as you get the power to make any day as a profitable day for you.

Just focus on your skills and crypto trading is available on all seven days a week which means you can earn better than any other market here.

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

For a technically sound trader, holidays are more preferred days; because you can easily predict the direction of market out of lesser volatility. I agree with other 2 things, I myself do not trade on those two.

[lombok]

-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.

Cold money = unused money, excluding savings and necessities. It is one of the determinants of emotional stability. FUD and FOMO will always be there even in Bitcoin though, but how to react to it is the most important thing, our emotions are sometimes damaged after hearing FOMO or FUD from a well-known influencer analyst, to avoid this I suggest to be sure of the results of your own analysis , because this is able to stabilize our emotions in making decisions in trading. Even long term.

[barbara44]

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...

The style of trading that you are into is what is called a long term trading. A lot of people do go for this type of trading because it is far much easier for them to get into, and you wouldn’t have to worry yourself much like someone who is trading the market on a daily and having to take a lot of risks.

Another good thing about long term trading is that you can decide to use the DCA (Dollar cost averaging) method and keep increasing the number assets that you have and as the number gets high, you will be able to make a better profit if in case the market should go high in the future.

[iv4n]

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...

The style of trading that you are into is what is called a long term trading. A lot of people do go for this type of trading because it is far much easier for them to get into, and you wouldn’t have to worry yourself much like someone who is trading the market on a daily and having to take a lot of risks.

Another good thing about long term trading is that you can decide to use the DCA (Dollar cost averaging) method and keep increasing the number assets that you have and as the number gets high, you will be able to make a better profit if in case the market should go high in the future.

I guess most of us are using the same strategy! I am not into day trading for years, except for occasional fun with some tokens I have, simply day trading was more loss than profit for me! But when I started waiting for the market to make a spike and to trade in those moments is when trading became profitable for me! Since I am in the trading crypto market was in many bearish/bullish periods, sooner or later a change happens, we just need to be patient!

Barbara, I can't agree more with DCA's strategy! Math is simple here, who is using this strategy with top coins must be in serious profit by now! And I believe that the crypto market will develop even more, so DCA should work fine for the future!

[LUCKMCFLY]

For me, in my personal opinion, I do not advise operating, the reason is simple, we are in the middle of a war between countries that can be escalated to be worldwide, this would cause a huge panic in the investors, which they would not hesitate to sell at whatever price , thus causing a dump worldwide because every investor wants to put their money in a safe haven and this is something that is understandable, however there are ways to operate for now, and I think it is knowing how to carry and be up to date with what is happening in the war, if you take advantage of the movements of the war, you can take advantage of it, just like the btc is doing, which is gradually increasing.

[Silberman]

-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.

One way in which you could avoid this is by trading with a system that tells you what to do under any possible circumstance you could face in the market, basically the system trades on its own and if you could put it into code then it will not require your input at all to decide what and when to do it, now such a trading style is not very common, as most traders have an overall strategy but they reserve the right to go against it if they believe it is the best thing for them to do at the time, but that makes them susceptible to become emotional and make huge mistakes, something which does not happen when you let your strategy take all the decisions when it comes to buying and selling your coins.

[Mahanton]

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.

Yes ofcourse. Learning from mistakes is a skill that not everyone has or can master. It comes only with experience.
What most newbies do is that they keep repeating the same mistakes over and over again and thus lose all their money.
Then they blame on crypto and it's volatility because of their own mistakes rather than improvising themselves.
This is why they say that most of the active traders lose money than make money.

When someone do continue to commit the same mistakes all over again and again is someone who dont really mind off on progressing their-selves to become better or simply didnt able to learn with those mistakes that
they had encountered which it is really totally opposite for someone who had done the opposite too on where you should learn from your mistakes and trying to find out on where things go wrong.
Timing is everything although it could not be precise anytime but at least your profitable trade chances or stats is higher which does indicate that you are doing a good job.

[Finestream]

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.

Regardless if you are a full time or part time trader, knowing when to trade is very vital. Not all the time you can open a trade, as the market's condition changes from time to time. You need to monitor the market well and analyze its market patterns using your own technical indicators. And when you think the market is stable and there is profit potential, then its the right time to trade. However, knowing when not to trade is also as important as knowing when to trade, as success comes mostly in most favorable market trades.

[Benefactor]

The explanation additionally for the market to remain one course is no requests rolling in from the contrary side and accordingly no unpredictability is made to adjust the course. This is better that we previously set stop misfortune prior to bouncing in to try not to leap out with void capital haha. In such unstable times, utilizing purchase stop or sell stop can be better and have opportunity and energy to set your stoploss.

[andriarto]

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.

Regardless if you are a full time or part time trader, knowing when to trade is very vital. Not all the time you can open a trade, as the market's condition changes from time to time. You need to monitor the market well and analyze its market patterns using your own technical indicators. And when you think the market is stable and there is profit potential, then its the right time to trade. However, knowing when not to trade is also as important as knowing when to trade, as success comes mostly in most favorable market trades.

when the market is stable and forms a consolidation area, the candle will move ranging, usually after that there will be a breakout, either up or down. therefore for me it is better to wait for the price reaction whether it will go up or down. but if we want a direct transaction I think we can choose the lowest risk, so that we will be safer, the most difficult thing is when a rally will occur, and we can only analyze, because no one will know where the market is going

[Kasabus]

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.

As a trader, we do have our own preferences and market strategies when to trade. Of course, we do it with the right timing or when the market is not showing negative conditions or when your emotions are not unstable. Otherwise, we end up doing bad trades that will only result into losses because we insist to trade despite of how unstable the market is. However, if you are an expert in trading, regardless of how the market behaves, you will always find time to make your trades successful.

[AicecreaME]

I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.

[Ziskinberg]

I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.

Many traders had been facing difficulties when they are emotional stress and a reason for not making good decisions but mostly wrong. This kind of sentiment implies that it was best to do trading "If we are totally in Good more". And based on my experience, I was totally focused on what I do and definitely, the result are great.

And there is one thing I'd notice, having peace of mind gives us a brighter idea. I believe that trading in good mode eventually becomes more effective and has bigger chances of profit.

[GelatikKembar]

I usually trade whenever I'm on the mood, I don't really mind what day it is for me to decide whether to trade or not. But sometimes, I trade depends on the chart that I'm seeing on a certain coin, and if I didn't like the movement of its price chart, I'm gonna look for another coin that moves like crazy. The higher volatility, the more it favors me in futures trading.

do you trade on the spot market? Or do you just focus on futures trading?
it seems that if you don't spend capital on the spot it will be in vain, seeing the price of altcoins is currently falling,
are you not interested in the current price?