Ndabagi01
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February 22, 2023, 06:47:36 PM |
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The person has no better way to explain it to you because it is simply the way the market works. You can't tell when you'll make a profit or when you'll lose money. However, the market is frequently bearish, with bullish periods occurring only infrequently. The time to make that profit is referred to as the lucky time; it does not occur only once, but one cannot predict when it will occur. Even a speculator or a bitcoin analyst is unaware of this, so you can't completely trust their market information.
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suzanne5223
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February 22, 2023, 09:44:17 PM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
First, the person that told you that there are seasons when you profit from crypto trading is also not an expert trader because every market season is for profit but comes with a different strategy. Although it is normal for loss to happen at some point, however, the loss shouldn't be more than the profit. Having said that, the season the person was talking about was a bullish season where every expert and naive crypto trader make a profit easily.
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Wiwo
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February 22, 2023, 10:33:17 PM |
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The person has no better way to explain it to you because it is simply the way the market works. You can't tell when you'll make a profit or when you'll lose money. However, the market is frequently bearish, with bullish periods occurring only infrequently. The time to make that profit is referred to as the lucky time; it does not occur only once, but one cannot predict when it will occur. Even a speculator or a bitcoin analyst is unaware of this, so you can't completely trust their market information.
Trading has limited dependent on the price of Bitcoin most especially in future trading where the short-term price speculation has nothing to contribute to the outcome of the rewards on the trade, just as we have mentioned before, ops may have hard misconceptions of the team. -But ultimately there is nothing like the trading season for a skilled trader unless someone who just trades with the price volatility and that is no different from just a holder who just wants to take manual leverage from the market at any time.
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milewilda
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February 22, 2023, 10:38:53 PM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
There's no such thing about lucky days because trading does really need up that strategy and analysis which is something that you do mainly need and not on relying on luck.Seasons? There's no such thing because anytime you could dive in into the market unless if you do make yourself that seeing whether you would be trading up on bullish or bearish trends, its up to you.Some do wait up for some trending market for them to place out their buy or sell orders and there are some who do stop when the market is on ranging or moving sideways because it is understandable that you cant make money much when the market doesnt really give out much movement.
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livingfree
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February 22, 2023, 10:42:55 PM |
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Like 50% true that in trading, you don't know if the season is going to be in favor of you. And that's why if you make a profit, there's some people that would say that you're lucky you've made a profit and some traders would agree with that because they don't even know what just happened.
While for the 50%, it's pure skill and analysis that they've made and the anticipation on what will happen next based on the readings of the chart is there. Plus the experience on how they've made a lot of mistakes trading before helped them to hit the numbers.
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2double0
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February 22, 2023, 10:59:36 PM |
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There aren't seasons but bullish and bearish cycles that come and go. Bullish cycle is when the market keeps going up only with some retracement in place, whereas bearish cycle means long term correction of the bullish market and even more where you will see big crashes be it slow or fast, it depends on how long it takes to bring down the market. However, it has been observed always that bullish cycle does not run for a long time while bearish cycle is never short in period.
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noormcs5
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February 22, 2023, 11:59:08 PM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
There is a number of reasons why your friend told this that there is a season when you can make more profit as compared to other times when the volatility is low and their is a choppy price action. Broader level there is a bull season and the bear season and usually people make more money in a bull season as compared to the bear season. More money is injected in the cryptospace during the bull season and people make more money at that time. However due to the future trading , people also short the bitcoin and altcoins and still make money even if the prices getting dump. The important thing is that you should have a knowledge and experience in the cryptospace and you will be able to make money.
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rozak
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February 23, 2023, 03:01:15 AM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
Luck may be another factor, but you cannot take your trading too seriously. what I believe, is trading is the result of your skill and experience. while luck lies in our inability to predict the market. the case may be different for futures trading. some people think of it as trading with gambling in it. but apart from that, quite a lot of people like futures trading.
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armanda90
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February 23, 2023, 04:30:58 AM |
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I don't think bad with your friend talk you about trading season for investing, many people or trader looks like hype when market on the highest price and was forget with potential back to lower price later. But little risk when talking to the other about trading or recommended them for investing in cryptocurrency.
Get positive feedback later if the people recommended earn profit but they will fault to us when getting loss, I think if your friend recommended about trading season is not right don't fault them and keep make little research by your self about when right time or moment for investing in Bitcoin without facing bigger risk.
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adaseb
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February 23, 2023, 06:54:42 AM |
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The type of environment we are in plays are great role to how much profit you can make. Back in 2021 you could of made crazy money by buying anything pretty much not just Bitcoin or Ethereum. There was tons of money to be made with NFTs, Defi, there was people who got 5 figures worth of airdrops. Most new tokens pumped like crazy, all you had to do was be the first to buy.
Now look how tough it is. New tokens launch and they barely rally and people are stuck holding the bag. A perfect example of this is ETHW or BLUR. They launched and people assumed it would be a 10x but instead it stalled and heading nowhere. Trading now is very difficult compared to 2020-2021.
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maydna
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February 23, 2023, 08:29:34 AM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
Maybe the meaning of the profit season is when the market is under and then reversing the direction like this (or maybe not yet?). When the price of coins can increase little by little, the profit season arrives; at that time, we can start to benefit from trading many potential coins. But this season is not always shown by the market conditions that turn around because even though the current market conditions can begin to increase, we still often encounter the price of coins, and sometimes the correction can be too deep. Before starting trading, you must first analyze whether the current trend is time to decline or has begun to increase so that you can benefit. The profitt season in trading can be tricky AF, especially in the wild world of crypto. The meaning of profit season can be hella elusive and depends on who you ask, but for me, it's when I'm making bank consistently over a reasonable period. It's not just about timing the market right, you gotta get creativee with your approach to trading. Being creativee means looking at different strategies, learning from past mistakes, and stayin open to new ideas. And lets not forget to have a sense of humor, 'cause somtimes the market can be a real jester, ya feel me? For example, I came up with this dope-ass idea to buy a fat stack of a new coinn with fire tech that nobody was payin attention to 'cause it wasnt in the top 100. I held that bad boy for months, and when it got listed on a top exchange, the price went straight to the moon, and I made mad profit. It wasnt nothin I learned from a book or a seminar, just a uniqe and creativee idea that hit me outta nowhere. So, my advice to all my fellow traders is to get creative, learn from yur losses, and have funn with it. Tradin aint just a science, it's an art that requires a mix of skill, creativity, and straight-up luck. That can happen if, in choosing those new coins, you get lucky by seeing that the price can increase significantly and provide big profits for you. But that rarely happens to many people because they don't look for those new coins but just take them from social media or because of invitations from other people they don't know. That's the point if you learn about the analysis of the coins because by analyzing to find the right coin, you can profit in all market situations. And you can even get even more profit when the market is experiencing a bull run or altcoin season. This is the altcoin season that many people have been waiting for because there will be many altcoins that can increase drastically at that time. That's why people are still looking for new coins that may have the potential to improve.
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AicecreaME
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February 23, 2023, 01:10:21 PM |
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For me it's not about lucky days 100% since we always make technical analysis to increase our chances of making profits in trading. So it is a combination of luck and good analysation based on your technical analysis. If you're good at trading, every single day is a trading season for you, and if you're not, then most likely it is all about losing profit season, simple as that.
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palle11
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February 23, 2023, 01:54:55 PM |
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If we begin to give more positive remarks to luck in trading, it means we are only agreeing that trading is same thing as gambling and this also means we are dragging the trading profession to the mud because trading is actually a profession IMO .
What we can consider luck in trade is when you have made an analysis or chart and the real market direction comes to your direction to confirm almost or all your sentiment and emotions to be right, then you can hit your "jack pot". You can be lucky that day and not to agree that trading is luck. Of course in life, there are days that are naturally sad, waking up on the wrong side of the bed and most activities will not favour you, as a trader you can watch out for those days and the days your chart analysis favours you.
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mv1986
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February 23, 2023, 02:02:19 PM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
I have no idea whether that person approaching to you was referring to historical data that shows in which the overall crypto market went up or down and then he concluded that there are seasons for making money or specific months. Now trading doesn't only involve to go long on an asset. Hence, even if a month seems to mostly have been in the red historically, and you are a believer in the idea that history predicts the future (hopefully not), you could still earn from trading by going short as well. So to sum up, there is no such thing as a trading season that you should be following as a basic principle. You should ask what metrics the person based the conclusion on.
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tranthidung
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February 23, 2023, 02:06:06 PM |
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Maybe when OP asked about trading season, it is a question about altcoin season. Above is not predictive indicator and it only represents what happened and on going. You must look at Bitcoin dominance against altcoins, DXY as well as capital distributions in stable coins.
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tjtonmoy
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February 23, 2023, 09:36:46 PM |
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how can I identify such seasons?
Technical analysis. You need to have a good knowledge about the chart analyzing. Then you won't have to wait for the season. But yeah season does exist. When the bull run begins, you just need to buy and know when to sell to take the profit. But no one knows when it will begin and when it will stop. And if you are in future trading, then you can make profit by selling short in bear market. All the other depends on your skill and knowledge about the technical analysis.
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Rengga Jati
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February 23, 2023, 09:54:56 PM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
There are no lucky seasons or profit seasons you can face. It is only personal luck which you may get it or not, like gambling. But this kind of trading is only for those who are only laying on luck, not based on certain processes. Actually, trading for beginners is very risky because they commonly don't learn much at first about trading and how to make it carefully, smartly, and wisely. We know that trading is a high risk, and that is why we must prepare it for any side so that we can be ready for analyzing the market, managing the fund, risk, and emotions, and also taking the right decision. trading is complex, not only focusing on taking profits but there are many elements that we must learn and pass. So, never think of taking profits as always because of luck. Better to learn more about trading cryptocurrency before you are enter this trading world.
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Peanutswar
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February 23, 2023, 11:25:14 PM |
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There's no season for trading those scalpers always grab the opportunity to make money which is even the small price movement is one of the best way to earn but of course those are the really one skilled. For me I do making a trade with the bull run or the buy pressure because I don't have a skill in selling position where to dip. Always consider your strength and weaknesses.
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Issa56
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February 23, 2023, 11:49:12 PM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
I don't really know what the person is really talking about or maybe he is talking about the bull run, maybe he thinks during the bull run is the lucky season when trader's can easily make money, I know during the bull run most coins are always pumping, that's when most trader's are always claiming to be professional traders, but I believe traders can make money at any time, just make sure you do your analysis properly. I believe trader's that do make money during the bear market are the real professional traders and not the once that make money during bull run alone.
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goinmerry
Legendary
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Activity: 2940
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February 23, 2023, 11:59:10 PM |
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I was kind of confused little about something, after someone walked on to me and was telling me that in trading, there are seasons when you profit from it (lucky days) and when but when I asked for an explanation, he didn't give a clear explanation, so I had to bring it up here to know if there are truly seasons of profits in trading and how can I identify such seasons?
I don't believed in trading seasons such as the speculation that when BTC is up, alts are down then vice-versa. You can profit at trading even at the worst days of the market with a good timing executing your strategy. Just trade at your best regardless of the season you are referring. Same strategies applies and just be better at it.
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