Beginners Should Follow These To Be A Good Price Predictor

[ScamViruS]

A person cannot become a good predictor even after following all the steps unless he can change himself. So it is not a guarantee that following all the steps will make a good predictor. Self-discipline can make a person successful everywhere, so it is important to be a self-disciplined person to be a good trader, good predictor. Nice try OP, now it's a matter of seeing how one thinks and uses these things.

Price prediction is hard especially to a very volatile and unpredictable market like crypto. You may predict it correctly this time, but in the next days, you need to do a lot of analysis so you can foresee the price again, otherwise you will trade at a wrong timing. However, it’s not just good price prediction that matters, but also how you handle your risk management in trading, and how your behavior and attitudes are when you are trying to trade at a very unpredictable market.

Even the experts can't perfectly time the market all the time, they might make predictions based on research and analysis and get a close call but they wouldn't be able to have a perfect prediction, it happens but it doesn't happen all the time as you said, so one needs to understand that they should take a trade when they think the time is right based on their own research and gut feelings, though I wouldn't recommend going with gut feelings all the time.

True. The market also shakes out the experts, reacting against their analysis. Looking at the market movement in recent times can give some idea of ​​how the market has liquidated the short/long traders. So many times even after doing proper analysis it is not possible to predict the next move of the market. So a trader needs to be aware of various things while doing short term trading. One thing a trader should keep in mind is that if he has funds in his trading account he can catch the next opportunity, because the market creates opportunities again and again, those who take advantage of those opportunities stay in the market. Therefore, since price prediction is so difficult, traders should focus on recharging the market by exercising patience and emotion control, thereby preventing them from making wrong decisions.

[carlfebz2]

A person cannot become a good predictor even after following all the steps unless he can change himself. So it is not a guarantee that following all the steps will make a good predictor. Self-discipline can make a person successful everywhere, so it is important to be a self-disciplined person to be a good trader, good predictor. Nice try OP, now it's a matter of seeing how one thinks and uses these things.

Price prediction is hard especially to a very volatile and unpredictable market like crypto. You may predict it correctly this time, but in the next days, you need to do a lot of analysis so you can foresee the price again, otherwise you will trade at a wrong timing. However, it’s not just good price prediction that matters, but also how you handle your risk management in trading, and how your behavior and attitudes are when you are trying to trade at a very unpredictable market.

Even the experts can't perfectly time the market all the time, they might make predictions based on research and analysis and get a close call but they wouldn't be able to have a perfect prediction, it happens but it doesn't happen all the time as you said, so one needs to understand that they should take a trade when they think the time is right based on their own research and gut feelings, though I wouldn't recommend going with gut feelings all the time.

True. The market also shakes out the experts, reacting against their analysis. Looking at the market movement in recent times can give some idea of ​​how the market has liquidated the short/long traders. So many times even after doing proper analysis it is not possible to predict the next move of the market. So a trader needs to be aware of various things while doing short term trading. One thing a trader should keep in mind is that if he has funds in his trading account he can catch the next opportunity, because the market creates opportunities again and again, those who take advantage of those opportunities stay in the market. Therefore, since price prediction is so difficult, traders should focus on recharging the market by exercising patience and emotion control, thereby preventing them from making wrong decisions.

There's no one would really be called to be a perfect trader no matter how veteran or expert you are, you would really be still able to experience out that kind of shake off whenever this market would be making those
unexpected events or happenings specially if this one talks about fundamentals which is something that it is inevitable and since we are just humans then those reactions would really be just that normal.

Basing up on whats written on OP then i would definitely preferring on enhancing yourself on this point.
5. Avoid Emotional Trading and Always Follow the Trend :

This had been always be the main problem even if you are already that experienced but once you arent that good when it comes to emotions then you would definitely be able to
changed up on whatever plans you do have earlier because you dont able to tolerate and control up your mind on sticking up into your plans.

[Distinctin]

Following all of these will not guarantee you to perfectly predict the price all the time. Sometimes, the market  becomes unpredictable and uncertain so you have to analyze the market well before you can correctly predict how it’s price will gonna be. And let’s just accept the reality that even experts in reading and analyzing the market, can’t actually make a good price prediction always especially that the crypto market itself is hard to predict whether it’s gonna be bearish or bullish.

[Ziskinberg]

Following all of these will not guarantee you to perfectly predict the price all the time. Sometimes, the market  becomes unpredictable and uncertain so you have to analyze the market well before you can correctly predict how it’s price will gonna be. And let’s just accept the reality that even experts in reading and analyzing the market, can’t actually make a good price prediction always especially that the crypto market itself is hard to predict whether it’s gonna be bearish or bullish.

There is no such perfection but as we gain more market experience, that's possible it increase our chance to right. But as we are talking about newbies, that is certainly impossible - that's the reality. Yes, even they have to follow those tips that OP had mentioned but I'd never think we can see consistency from doing it. However, from time to time, as long as they have the spirit to learn, they can gradually improve it and of course, it will take time. That is why we should never underestimate trading and if we wanted to succeed, then must have to focus on doing it and study all the things needed.

[DoublerHunter]

Following all of these will not guarantee you to perfectly predict the price all the time. Sometimes, the market  becomes unpredictable and uncertain so you have to analyze the market well before you can correctly predict how it’s price will gonna be. And let’s just accept the reality that even experts in reading and analyzing the market, can’t actually make a good price prediction always especially that the crypto market itself is hard to predict whether it’s gonna be bearish or bullish.

There is no such perfection but as we gain more market experience, that's possible it increase our chance to right. But as we are talking about newbies, that is certainly impossible - that's the reality. Yes, even they have to follow those tips that OP had mentioned but I'd never think we can see consistency from doing it. However, from time to time, as long as they have the spirit to learn, they can gradually improve it and of course, it will take time. That is why we should never underestimate trading and if we wanted to succeed, then must have to focus on doing it and study all the things needed.

^That is definitely right and I must agree here.
Perfection may indeed be an elusive goal, especially for newcomers in the market. Newbies may find it challenging to achieve consistency right away, and that is the reality they face. Because trading for me should never be underestimated, as it demands a focused approach and comprehensive knowledge of all the necessary aspects. Success in trading comes to those who are willing to put in the effort and study diligently. So, while perfection may be an unattainable goal, continuous learning, and dedicated practice can certainly lead to become your improvement or success.

[ScamViruS]

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There's no one would really be called to be a perfect trader no matter how veteran or expert you are, you would really be still able to experience out that kind of shake off whenever this market would be making those
unexpected events or happenings specially if this one talks about fundamentals which is something that it is inevitable and since we are just humans then those reactions would really be just that normal.

Exactly If everyone was a perfect trader and could predict the market perfectly, then many big asset managers would not have gone bankrupt. To be successful in the market, the trader must keep control over himself and refrain from overconfident and aggressive decisions.

I've seen many traders who were experienced and doing well, but suddenly the market became volatile and they couldn't control their emotions and made FOMO buys. As a result they exited those trades losing the whole year's profit at that time. So the traders who are making profit throughout the year sometimes cannot win with the market, this means that no trader is perfect and the market can make even an experienced trader suffer huge losses at any time.

[Silberman]

Exactly If everyone was a perfect trader and could predict the market perfectly, then many big asset managers would not have gone bankrupt. To be successful in the market, the trader must keep control over himself and refrain from overconfident and aggressive decisions.

I've seen many traders who were experienced and doing well, but suddenly the market became volatile and they couldn't control their emotions and made FOMO buys. As a result they exited those trades losing the whole year's profit at that time. So the traders who are making profit throughout the year sometimes cannot win with the market, this means that no trader is perfect and the market can make even an experienced trader suffer huge losses at any time.

I often compare trading to poker, if everyone on the table in which you are sitting is playing perfect poker then no one except the casino makes money, you need a few players which have a lower level than you in order to make any profits, and the markets are the same, if everyone was a perfect trader then no one will be able to make money, traders need those with lower skill than them in order to fill their pockets, and even good traders make mistakes too which helps even better traders and some lucky noobs as well to make profits, then our aim should be to be as consistent as we can be and not an impossible ideal like perfection.