RioBlemz (OP)
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August 12, 2023, 06:53:21 AM |
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Timing and Trading
Timing- I may not not know how to define time properly but I know that the measurement of time is in seconds.
Trading- Is buying and selling.
Trading In Cryptocurrency is the buying and selling of coins and it involves speculation of price movement. You can decide to trade in futures, spot or even buy and hold to sell at the appropriate. One of the outstanding benefits of trade is that you get profits.
Note: Timing is everything to trading.
First of all, You need to know which time frame works best for you. Examples of time frame include; 1 min, 5 mins, 15 and 30 mins, 1 hr, 4 hr, 1 day, 1 week etc. Please note there are time-frames in between. To actually know the time frame that works for you is to practice trading my advice is to use a demo account. The time frame that gives you more profit fits your personality in trade.
Personality in Trade
I say this carefully, you can be a scalper, intra-day, swing, or position traday.
Just to be brief on Timing;
A Scalper eyes is usually on 1mins and 5mins
An Intra-day eyes is usually on a day to an hour. Spotting opportunities.
A swing personality looks for weekly and daily chart for opportunity.
Position trading as the name implies takes longer timeframes.
Note: There are little variation to this which depends on few factors.
Always take note of the time you enter the market it will also give you insight to live with profit or loss when necessarily.
Feel free to contribute as there are many more things to learn.
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SquirrelJulietGarden
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August 12, 2023, 07:15:43 AM |
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Timing and Trading
Timing- I may not not know how to define time properly but I know that the measurement of time is in seconds.
Trading- Is buying and selling.
Note: Timing is everything to trading.
Don't time the market and think that you can do it well to get profit with trading. It is more risky if you are bad with capital management and has habit like using all capital for trading. One or two lost trades will eat your initial capital very considerable. First of all, You need to know which time frame works best for you.
The time frame that gives you more profit fits your personality in trade.
Each time you enter the market, you will have different best time frames to use. It depends on market and what you see (chace and risk) at the moment, so you will see potential best time frames, best waiting time to close your positions. Like when a market is side way a long time and seems to have a big movement, it is terrible if you use a long time frame because you will stuck with the market. Long or short time frame, you must always be clear about your entry, profit taking and cut loss prices as it is how you manage risk and avoid or minimize loss from your position. It is important in trading whatever time frame you are using.
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Oshosondy
Legendary
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Gamble responsibly
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August 12, 2023, 07:18:48 AM |
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One of the outstanding benefits of trade is that you get profits.
All traders wants the benefit which is to make profit, but the result for them may be losses, depression and addiction. It is good to take note of that. Note: Timing is everything to trading.
It can be the timing for losses as it can be the timing for profit. First of all, You need to know which time frame works best for you.
There is no time frame for trading. It is the market and indicators that will determine the time to open a position or to trade. Examples of time frame include; 1 min, 5 mins, 15 and 30 mins, 1 hr, 4 hr, 1 day, 1 week etc. Please note there are time-frames in between.
These are just the types of trading not timing. Some minutes of opening and closing of position is scalping Less than a day but more than minutes is day trading More than a day up to some weeks is swing trading To actually know the time frame that works for you is to practice trading my advice is to use a demo account. The time frame that gives you more profit fits your personality in trade.
Most successful traders are swing traders. They use low leverage and stay for long. Holders which is not trading is very good and the best. Scalping and day trading are the riskiest but using low leverage can help. Feel free to contribute as there are many more things to learn.
Trading is very risky. You can also talk about indicators, strategies and risk management. Risk management is very important and should not be neglected. Example of risk management starts from using the amount of money that you can afford to lose to trade. But it is more than that. The use of low leverage is also part of it.
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RioBlemz (OP)
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August 12, 2023, 11:27:33 AM Last edit: August 12, 2023, 11:43:59 AM by RioBlemz |
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Most successful traders are swing traders. They use low leverage and stay for long. Holders which is not trading is very good and the best. Scalping and day trading are the riskiest but using low leverage can help.
Swing trading required a lot of patience and a good volume. Trading is very Risky
I agree with you that trading is risky but being equipped with the right knowledge increases your chances of making profit. You can also talk about indicators, strategies and risk management. Risk management is very important and should not be neglected. Example of risk management starts from using the amount of money that you can afford to lose to trade. But it is more than that. The use of low leverage is also part of it.
For every trade it is important to pay attention to what you can loose.
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hugeblack
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August 12, 2023, 12:01:18 PM |
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Timing is important in trading, but the most important than timing is developing a trading strategy, as this strategy will place the importance of timing. For example, if you are a long-term trader, times such as a day or two will not constitute a change in the price. the scale on the weekly pattern or several weeks is what governs your trading strategy. in daily trading trading patterns is less than 24 hours, and therefore allocating it to hours or minutes will be the best, and then your profits will be limited to less than 5%, or whenever you achieve profits, even by 1%, you can close the deal, as the trading strategy here is to achieve several simple profits, but open several Intraday deals, which is the opposite of long term trading.
In general, trading is a mixture of several things. the simple knowledge of all of them is what makes you make a profit and not focus on one type of trading.
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Dr.Bitcoin_Strange
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August 12, 2023, 02:04:08 PM |
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Yeah, trading works with timing, and even before you are able to have that skill of timing, you must have been a skilled trader. Also, before one is able to consistently make more profit on trades, they must also have been good traders. A professional trader, who maybe is a scalper, usually works with his trading strategies by regularly using his trading tool to analyse the market and know the right time to enter the market, how long the trend can go, when they will make profit, and when they must exit the market. All of that works well for a trader who has worked on their trading skills first before they can even be very moderate with timing. Also, despite how professional one is with timing and trading, they cannot still make a profit all the time.
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palle11
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August 12, 2023, 02:15:47 PM |
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You made a brief and good analysis about timing on trade and that is very much important for a trader because if you understand your strategy then you need adequate and proper timing to execute it and like you posted depending on the type of trading, there is appropriate timing for it. However, if you want to start profiting as soon as you entered the market then you need to also look at 1minute but most swingers don't usually see it as needful. A swing personality looks for weekly and daily chart for opportunity.
Position trading as the name implies takes longer timeframes. Don't you consider these two as the same? If a swinger looks for weeks spot to decide his or her trade that means they are looking for a better position. For convenience, I think they are the same type of trading.
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Eternad
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August 12, 2023, 02:25:18 PM |
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Note: Timing is everything to trading.
First of all, You need to know which time frame works best for you. Examples of time frame include; 1 min, 5 mins, 15 and 30 mins, 1 hr, 4 hr, 1 day, 1 week etc. Please note there are time-frames in between. To actually know the time frame that works for you is to practice trading my advice is to use a demo account. The time frame that gives you more profit fits your personality in trade.
There’s no such thing as time frame that works for you since the best time frame varies on the specific coin you are viewing. There’s coin and token that is bullish on short term time frame while others moves the same, Choosing your perfect timing based on your preference will not gonna properly because it relies on the token you are trading. Yeah, timing is everything and you should find the time frame and tokens that perfect on your current target goal of trading.
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Fatunad
Sr. Member
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PredX - AI-Powered Prediction Market
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August 12, 2023, 07:55:14 PM |
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Note: Timing is everything to trading.
First of all, You need to know which time frame works best for you. Examples of time frame include; 1 min, 5 mins, 15 and 30 mins, 1 hr, 4 hr, 1 day, 1 week etc. Please note there are time-frames in between. To actually know the time frame that works for you is to practice trading my advice is to use a demo account. The time frame that gives you more profit fits your personality in trade.
There’s no such thing as time frame that works for you since the best time frame varies on the specific coin you are viewing. There’s coin and token that is bullish on short term time frame while others moves the same, Choosing your perfect timing based on your preference will not gonna properly because it relies on the token you are trading. Yeah, timing is everything and you should find the time frame and tokens that perfect on your current target goal of trading. One of the things that you would really be needing to find out because on the time that you would really be deciding whether you would be doing trades or not then it would really be just that normal that you would really be trying to look out on what type of trading style that would suit you in and on what time frame you are really that tending to look at.If you are really that planning to be a short term trader then it would be usually on smaller time frames but still you would really be that still needing to look on higher TF for you to have some confirmation in regarding whether its the best entry or time for you to get in or not. It would really be varying though because it would really be that basing on your own analysis and approach on things because you are the ones would really be finding out whether it would really be that relevant or not. This is why it is really that important that you should really know on when to get in and when to get out because if you cant really be able to distinguish about in between time frames then you would really be that having a hard time whether you should get in or not. It is really all according into your own learning and experience in overall on which you are the ones who would really be able to find out.
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Johnyz
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August 12, 2023, 09:57:26 PM |
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Timing is actually the main goal for your analysis, you are doing TA so you can have a perfect timing either to buy or sell crypto and every trade should work on this.
Though scalpers and day trade seems not working with their timing as they trade for whatever the trend is and leave within a hour or even a minute. If you’re a long term trader, timing should be your focus.
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Franctoshi
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August 12, 2023, 10:39:53 PM |
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Timing and Trading
Timing- I may not know how to define time properly but I know that the measurement of time is in seconds.
Trading- Is buying and selling.
Trading In Cryptocurrency is the buying and selling of coins and it involves speculation of price movement. You can decide to trade in futures, spot, or even buy and hold to sell at the appropriate. One of the outstanding benefits of trade is that you get profits.
Note: Timing is everything to trading.
First of all, You need to know which time frame works best for you. Examples of time frames include; 1 min, 5 mins, 15 and 30 mins, 1 hr, 4 hr, 1 day, 1 week, etc. Please note there are time-frames in between. To know the time frame that works for you is to practice trading my advice is to use a demo account. The time frame that gives you more profit fits your personality in trade.
I subscribe to the point that timing is vital when it comes to trading, As there are various trading market sections, a trader should be able to know when it is the right time to enter and exit the market, I prefer only trading in two market sections, the London and the New York section during when the market is most volatile to catch up the crazy moves, that is when the Banks and institutions are actively buying and selling, and to avoid experiencing a situation where you have the market got stuck in one place for several hours due to low liquidity like we see in the Asia and Sydney section.
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Hamza2424
Legendary
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🇵🇰 Pakistan
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August 12, 2023, 10:40:49 PM |
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Hmm, I was completely expecting something else then I did take a look on what OP said then for a moment I took a pause on my expectation, and then I saw the total posts by the OP, so after taking a long break I made my self realized I should have taken a look frequently to the total posts haha, ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) .. Hoping this short story can bring some inner smiles at least (I'm expecting that). Well, sticking to the topic OP I think this is the trading section and you can see most of the people are not new and this section is running for a long time I think you can get my indication, yes I'm talking about the basics I think at least everyone knows about the types of trades at least because you can say after hearing A (trading term) we hear B (Types of trading on the basis of different categories). So appreciate your dedication to teach but try something unique next time, Best of luck.
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jeraldskie11
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August 12, 2023, 11:33:39 PM |
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Don't use a timing in trading, instead use a session. Forex traders always use sessions as their guide to determine if it's good to trade or not. There is what we called "kill zone" for every session where trading volume is so high. And it's really working in crypto. If you're going to entry, don't use a market order, it's better to use limit order so that after you analyze the market, you can leave the order to be filled. That way you are using your time in an efficient way.
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Timmzzy
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SOL.BIOKRIPT.COM
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August 13, 2023, 05:49:59 AM |
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Timing and Trading
Timing- I may not not know how to define time properly but I know that the measurement of time is in seconds.
Trading- Is buying and selling.
Trading In Cryptocurrency is the buying and selling of coins and it involves speculation of price movement. You can decide to trade in futures, spot or even buy and hold to sell at the appropriate. One of the outstanding benefits of trade is that you get profits.
Note: Timing is everything to trading.
First of all, You need to know which time frame works best for you. Examples of time frame include; 1 min, 5 mins, 15 and 30 mins, 1 hr, 4 hr, 1 day, 1 week etc. Please note there are time-frames in between. To actually know the time frame that works for you is to practice trading my advice is to use a demo account. The time frame that gives you more profit fits your personality in trade.
Personality in Trade
I say this carefully, you can be a scalper, intra-day, swing, or position traday.
Just to be brief on Timing;
A Scalper eyes is usually on 1mins and 5mins
An Intra-day eyes is usually on a day to an hour. Spotting opportunities.
A swing personality looks for weekly and daily chart for opportunity.
Position trading as the name implies takes longer timeframes.
Note: There are little variation to this which depends on few factors.
Always take note of the time you enter the market it will also give you insight to live with profit or loss when necessarily.
Feel free to contribute as there are many more things to learn.
Trading is quite different now than before where you will trade with peace of mind, i dont see that atmosphere anymore. when i sit to check stuff online like the youtube platform i see more of traders going in for sclaping and day trading, retailers hardly swing trade because this is probably done by institutions and hedge funds.
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Xampeuu
Full Member
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August 13, 2023, 07:55:52 AM |
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Timing and Trading
Timing- I may not know how to define time properly but I know that the measurement of time is in seconds.
Trading- Is buying and selling.
Trading In Cryptocurrency is the buying and selling of coins and it involves speculation of price movement. You can decide to trade in futures, spot, or even buy and hold to sell at the appropriate. One of the outstanding benefits of trade is that you get profits.
Note: Timing is everything to trading.
First of all, You need to know which time frame works best for you. Examples of time frames include; 1 min, 5 mins, 15 and 30 mins, 1 hr, 4 hr, 1 day, 1 week, etc. Please note there are time-frames in between. To know the time frame that works for you is to practice trading my advice is to use a demo account. The time frame that gives you more profit fits your personality in trade.
I subscribe to the point that timing is vital when it comes to trading, As there are various trading market sections, a trader should be able to know when it is the right time to enter and exit the market, I prefer only trading in two market sections, the London and the New York section during when the market is most volatile to catch up the crazy moves, that is when the Banks and institutions are actively buying and selling, and to avoid experiencing a situation where you have the market got stuck in one place for several hours due to low liquidity like we see in the Asia and Sydney section. time does affect market movements, as you described where there is an Asian session, European session and American session, that's when the market opens and traders are usually busier, resulting in greater market fluctuations. but I haven't seen it on the cryptocurrency market, because crypto is a global currency where various countries trade it at any time
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Bananington
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August 13, 2023, 09:44:04 AM |
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Note: Timing is everything to trading.
Timing is important to be considered in trading, and it is not only about the timeframe that you trade on. You must also be aware of the best time in the day and days to trade and the days to avoid trading. Having this knowledge, will help you avoid trading on some days and period when the chances of making losses are high. Good traders do not trade every time and every day, they know when they need to trade and when they need to just play the observing trader. New traders should have the knowledge.
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AakZaki
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zknodes.org
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August 13, 2023, 10:59:17 AM |
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Trading is very risky.
You can also talk about indicators, strategies and risk management. Risk management is very important and should not be neglected. Example of risk management starts from using the amount of money that you can afford to lose to trade. But it is more than that. The use of low leverage is also part of it.
very risky for anyone and it requires the right strategy and qualified basic knowledge. Those who trade must be prepared with the risk of price fluctuations. Conducting risk management is indeed important and should not be ignored. This also relates to the mentality of every trader, if their mentality is strong and follows the initial strategy then he can achieve their goals, but if they lose and their mentality is weak it will cost them money. Using leverage wisely is also something that needs attention. sometimes newbie traders do futures trading and use high leverage, it will waste all their money if liquidated.
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GreatArkansas
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August 14, 2023, 01:59:00 AM |
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Note: Timing is everything to trading.
Timing is important to be considered in trading, and it is not only about the timeframe that you trade on. You must also be aware of the best time in the day and days to trade and the days to avoid trading. (....) Yep, because not most of the time is good to trade, or for example, if you entered a long trade, and after you close your trade and already took profit, it doesn't mean you are bearish already or you can open short trade immediately. That's how timing also work for me, you need to wait for another opportunity again.
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Franctoshi
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August 14, 2023, 12:51:00 PM |
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I subscribe to the point that timing is vital when it comes to trading, As there are various trading market sections, a trader should be able to know when it is the right time to enter and exit the market, I prefer only trading in two market sections, the London and the New York section during when the market is most volatile to catch up the crazy moves, that is when the Banks and institutions are actively buying and selling, and to avoid experiencing a situation where you have the market got stuck in one place for several hours due to low liquidity like we see in the Asia and Sydney section.
time does affect market movements, as you described where there is an Asian session, European session, and American session, that's when the market opens and traders are usually busier, resulting in greater market fluctuations. but I haven't seen it on the cryptocurrency market, because crypto is a global currency where various countries trade it at any time I did not say time, I said “timing”, however, you are only looking at the cryptocurrency market alone, while I'm looking at the general market which the forex and stock market are included, to precise forex is the largest money market in the world which is traded Monday to Friday when you talk of time and have different sections, and you won't compare the amount of liquidity that will be present during when those two market sections are open, Lastly note that cryptocurrencies are also traded in forex which Bitcoin is most traded crypto there in the market, therefore timing to trade in those sections helps in the market movement.
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Mpamaegbu
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Once a man, twice a child!
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August 14, 2023, 05:01:11 PM |
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~snipped~
Whichever way you look at it, time and timing, though slightly two different concepts, are extremely important in trading. To time ( timing) the market and to know what timeframe ( time). Whether in FX trading, Cryptos, Stocks, Indices and all that, any trader who doesn't respect those two concepts in addition to the control of their emotions won't succeed at trading. I like to swing trade and that makes me consider higher time-frames to check for trend, either for the day or on the long run before making any trades. Then I pick my trades from lower TFs. Waiting for candle close of whatever TF one picks for entry is very important. It's bad practice to trigger a trade in a haste without waiting for the candle close, no matter how enticing you think the entry has presented itself.
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Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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