The Signal to Start Trading and the Signal to Close Trading

[suzanne5223]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market.

You believe crypto trading is easy and later consider the entry and exit point to be difficult. What's the difference between the two-point and crypto trading?
These two-point are what's called crypto trading because the decision you make when you reach the event is what determines your profitability.

So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

It all depend on the activity of the crypto you want to use in but what important is you understanding the crypto open, close, high and low activity

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[death69]

Depending on your trading style, you can specifiy a great entry/exit point. And, each person has their own points and we can not say whether they have a good point or not.

In my opinion, trading is not all about starting a trade or closing a trade. It is about having a consistent winning after a long period of time so that you can fully achieve financial independence. This is my only indicator to navigate whether I am having a good trading habit or not.

[gabbie2010]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

I absolutely agree with you because practically this had been one of the most difficult aspect of my trading experience I am trying to overcome, I had opportunity of selecting profitable trades both short and long on Daily timeframe, however trading entry had dealt a big blow to trades, atimes I will enter a long or short trade the price will temporary move against me and I hurriedly close it, in a jiffy the price reverses and move towards my direction, though I had found a way of closing my trades after a certain percentage of profit is accrued, I still trying to figure the appropriate entry.

[Oshosondy]

If you study and understand basic trading, then you should know how to enter and exit the market. It depends on you what kind of strategy you would like to use if you use candlestick then it is not a problem, sometimes I use demand and supply area (most likely support and resistance) in my trading and it is working, just understand the concept and learn more in trading aside from candlestick and I am sure you will get the grip of it.

Just taking look at the candlestick is just gambling, understanding the basic of trading candlestick just means you are a beginner, beginners can lose in trading like they are gambling.

You use demand and supply area? How are you determining the demand and supply area? This seems wrong to me but using the support and resistance level can be of help which is what you later meant.

I can suggest you to learn also more on overbought and oversold nmarket, you can start this with RSI and bollinga band.

[palle11]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.

[tvplus006]

...So when do you think one can buy or sell (enter) the market? ..

Even after getting the initial knowledge of the basics of trading, you will still make a mistake when opening and closing a trade, because there is no 100% guarantee that the pattern will be fully worked out. But nevertheless, it will allow you to correctly determine the levels of buying and selling.

[TheUltraElite]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

Supposing you buy at 30k and the price reaches 50k, you sell and get your a profit of 20k times your volume traded, does that really seem to be a complicated thing? Nope. But what is complicated is the timing for buying/selling and holding.

Most traders get washed away in the steps in between. Either they cannot hold for long for they back out too early or they sell at loss to stop the panic.

Point is that when you are entering into trading, take only that money that you can afford to lose. Then place the long term order with patience at hand. Allow it to be executed in time. Your range may be smaller like 40k buy -- 45k sell, but do that often by checking the price. You dont need to day trade but dont lose patience.

[milewilda]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

Supposing you buy at 30k and the price reaches 50k, you sell and get your a profit of 20k times your volume traded, does that really seem to be a complicated thing? Nope. But what is complicated is the timing for buying/selling and holding.

Most traders get washed away in the steps in between. Either they cannot hold for long for they back out too early or they sell at loss to stop the panic.

Point is that when you are entering into trading, take only that money that you can afford to lose. Then place the long term order with patience at hand. Allow it to be executed in time. Your range may be smaller like 40k buy -- 45k sell, but do that often by checking the price. You dont need to day trade but dont lose patience.

All matters with your specific target or trading method because there are some who do really mind on holding for long term and there are people who do really love to see profits in short term duration
which means that steps and actions would really vary on each individual.Its true that the timing on when to get in and when to get out or when to hold is the most difficult thing that you
would notice out when you do step your foot into trading activity on which you would really be boggling up your mind on whats the right timing or right time for you to make out decisions.
This isnt something that you could done it easily and also trading is never been easy in the first place.

[ethereumhunter]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

If trading wasn't so difficult, traders should be able to profit all and they could get rich from trading. Trading is difficult and not everyone understands how the process works, including how to determine when to enter the market and leave the market. It all requires analysis and must learn more so that we can analyze well. We cannot predict when someone buys or sells a coin because we use different analysis methods.

[Crypto Library]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

Trading is not so difficult for those public who has a great skill on technical analysis and skill on reading candles.
Even then this is not also that much easy for all . Sometimes the big technical analysis experts make mistakes. Main thing is crypto world situation always depends on market and who knows very well the technical analysis about market And they must know when to buy or when to sell

[Oshosondy]

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.

That is true, trading is not gambling, but also it is gambling in some cases, example is a person that just started to trade, he does not know much about the technical aspects like using indicators or even checking the minute or hour range candle sticks, but he just want to trade. That kind of person will definitely lose as he is not trading but gambling. Also are people that just check the candle sticks but not knowing the right time to buy and sell, indicators can help for this purpose of buying and selling at the right time, but the person do not further learning and keep on losing. But I agree that trading is not gambling for trading experts but it is gambling for beginners. That is why people say it is good to use the amount of money you can afford  to lose to trade, that points to beginners.

[justdimin]

Just taking look at the candlestick is just gambling, understanding the basic of trading candlestick just means you are a beginner, beginners can lose in trading like they are gambling.

You use demand and supply area? How are you determining the demand and supply area? This seems wrong to me but using the support and resistance level can be of help which is what you later meant.

I can suggest you to learn also more on overbought and oversold nmarket, you can start this with RSI and bollinga band.

I would guess that most "newbies" do not know RIS and Bollinger band, if they do know it then I would deem them not a newbie.

I believe that newbie is not a term used for people who have been here for a short period of time, it should be a term used for people who do not know much about crypto. So for me a person who has been involved in crypto for a month but learned everything they need to know is not a newbie but someone who has been around for many years and yet never learned anything proper about it should be called a newbie. That is of course how I approach it, maybe I am wrong but at the end of the day there is nothing wrong with being new and learning new things and becoming better at it.

[Oshosondy]

I would guess that most "newbies" do not know RIS and Bollinger band, if they do know it then I would deem them not a newbie.

Some people can know what is called crypto trading but do not have the knowledge as experience about it. Likewise some people can know about RSI and bollinga band, but they may not know how to use it, some people may just have heard about it before but never read or learn about what is it and not knowing how to use it.

I believe that newbie is not a term used for people who have been here for a short period of time, it should be a term used for people who do not know much about crypto. So for me a person who has been involved in crypto for a month but learned everything they need to know is not a newbie

A newbie is someone that is new to something. If this is about trading, a newbie is someone that is new to trading. In trading, what can a newbie know for just a month, he will still learn and learn and have more experience. Someone that has been in trading for years should have known better, especially how to manage risk and means to make profit either in short or middle term of trading, if it is otherwise, he would have quite trading.

[Cryptmuster]

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.

If a person is engaged in trading without the necessary knowledge, then this is gambling for him. Or when they use signals from dubious telegram channels, or any other sources. You need to clearly understand what you are doing, and have very good knowledge for this, only in this case you can count on positive results in trading. In all other cases, it will be a gambling game in which you will most likely lose money...

[BitTraderCute]

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.

If a person is engaged in trading without the necessary knowledge, then this is gambling for him. Or when they use signals from dubious telegram channels, or any other sources. You need to clearly understand what you are doing, and have very good knowledge for this, only in this case you can count on positive results in trading. In all other cases, it will be a gambling game in which you will most likely lose money...

too many peopl joining in telegram groups which is the reputation not proven yet, tempted by profits ratio that shared make them trapped. without knowledge dont ever expect we could gain profit  trading both of spot or futures. this  market was good place to improve our knowledge or skills.

[South Park]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

That is where the difficulty lies, being able to accurately predict when an important increase in the price is coming and open a position and when a decrease is coming and close your position is where the majority of the difficulty of trading resides, apart from that, your emotional control and money management are two other aspects that are difficult to master, because even if you had the ability to predict the markets correctly a few big mistakes are all what is needed to become unprofitable.

[darklus123]

Learn how to use trading indicators, it will help you. Start with relative strength index and bollinga band to know when market is overbought or oversold. Trade with small amount of money and see if you are better. Then you can further with simple moving avarage and exponential moving average. You can learn about fibonacci retracement and what they are meant for. You can learn all these indicators very well, this will help you in trading. Indicators can increase the chance of making profit, but you need to also have risk management and use the money you can afford to lose to trade.

Actually, OP can test these without spending a single penny in his/her pocket. Because we can actually do some technical analysis in tradingview and can easily confirm if we hit or break the target. Probably the best thing to start spending a little amount is when OP is already hitting the target of more than 50% of his/her trade.


@OP , learn to use stock charting first (like tradingview , etc.) then apply your TA (your experimental indicator's combination) there without spending money first 

[palle11]

Trading is not gambling, it is not easy just to bet on something. If you are finding entering time and exit time, that is part of trading so it is not easy to know exactly, not everyone know when they can enter or get out. Don't treat trading to be easy like gambling if you do that you keep losing big money. Have the knowledge of your indicators and that becomes your guide.

If a person is engaged in trading without the necessary knowledge, then this is gambling for him. Or when they use signals from dubious telegram channels, or any other sources. You need to clearly understand what you are doing, and have very good knowledge for this, only in this case you can count on positive results in trading. In all other cases, it will be a gambling game in which you will most likely lose money...

Obviously trading without indicators and charts that looks like gambling which is strictly a lucky game. Gambling is luck base but trading is highly knowledge based because you have to understand what makes the market to move from the price it is to another point and perhaps the times it will move and when to expect it to retrace. Trading involves alot of research , studying of the different countries economy especially the specific country pairs traded. Example the US government release some news that affects the $ either positive or negative monthly like employment rates. A trader that deals with the $ pair should understand when this news and the impact is.

[cheezcarls]

No matter how skilled you are in doing technical analysis, reading candlesticks, etc., you don’t own or control the market. Predictions are predictions, but there are no guarantees or promises that they are going to be accurate. Even if you follow certain guys who are more on trading signals, there are no assurances that their predictions are correct whether to long or short the trade.

What I am saying is that only invest and trade an amount that you can afford to lose and do not go all-in!

[GeorgeJohn]

Trading is not so difficult as it was told. But the difficult part in trading is when to enter the market and when to Close the market. So when do you think one can buy or sell (enter) the market? Using the candle sticks to predict.

Actually something can only be hard on someone if you don't have the knowledge of such, that is while it's reasonable to have or secure pre-knowledge of anything before enrolling into it.

The difficult aspect i find in trading especially when to enroll in the market and when to kick out of the market is the understanding or reading of the candle sticks per say. If a trader observe the radar of the candle and follow it's it, i don't think the trader will venture into lost, except their is a misconception of understanding the strip of the candle sticks..so wrong interpretation of the candle leads to wrong   entering of the market and also cause lost.