When Trading becomes Unfavourable

[Taskford]

Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

I totally disagree - especially if you have to change your long term to short term plans out of necessity.

As long as you sell it in a position that benefits you financially - then you are free to make changes to the plan. Trading shouldn't be so rigid - sometimes you also need to make adjustments instead of sticking to a strategy that isn't more profitable. I hope you see what I mean - but it's not too hard.

You nailed it, The market is reactive, even though we have trading plans and all sorts of that, We should learn how to adjust if need be, sometimes some situations occur in the market and your strategy will seem not to be giving you the expected results, which is as result of the economic factor, wars or any bad event. For example, if you notice since the coronavirus pandemic, the dynamics of the mark has changed slightly.

While trading its important to see the news since this could change the situation of the market and we need to be more careful on dealing some of our expectation so that we will not exceed and trade can trade according to our plans. Since sometimes we are prone to commit mistakes if we just rely on buying it then wait for a pump and we need to correct that traits so that unfavourable trades might not always happen to us.

[Quidat]

Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

I totally disagree - especially if you have to change your long term to short term plans out of necessity.

As long as you sell it in a position that benefits you financially - then you are free to make changes to the plan. Trading shouldn't be so rigid - sometimes you also need to make adjustments instead of sticking to a strategy that isn't more profitable. I hope you see what I mean - but it's not too hard.

You nailed it, The market is reactive, even though we have trading plans and all sorts of that, We should learn how to adjust if need be, sometimes some situations occur in the market and your strategy will seem not to be giving you the expected results, which is as result of the economic factor, wars or any bad event. For example, if you notice since the coronavirus pandemic, the dynamics of the mark has changed slightly.

While trading its important to see the news since this could change the situation of the market and we need to be more careful on dealing some of our expectation so that we will not exceed and trade can trade according to our plans. Since sometimes we are prone to commit mistakes if we just rely on buying it then wait for a pump and we need to correct that traits so that unfavourable trades might not always happen to us.

When it comes to trading then you shouldnt really just that focus when it comes to technicals but rather you should really check out the fundamentals too on which it is really that true that news and events could really make out such impact and would really be that significant on this space and its not something that you should really be that ignoring. Sooner or later you would really be able to realize on what are the main things that you would really be needing on your trading career. You would be facing up situations and conditions which it would really be just a normal part and needing that
normal approach also. Trading cant be perfect and this is why as a trader then you should already anticipate that losses would be on the way and something inevitable that you would be facing on.
Thing here is that you do really know on how to adjust and make yourself that learn with those mistakes so that in next time then you do already know on what you should gonna do.

[Kasabus]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

There’s no place for perfect trading in the market. If you won’t fall for profits, probably you’re on your way for some losses. So never expect that you trade to win all the time, because in reality trading is more on losses instead especially if you are still a beginner trader. But no worries because you will learn eventually from all the mistakes and losses that are happening in your trades. Quitting should not be an option. Yes, you can take a break from trading, but after that, keep on trading again because that’s the only way you’ll gain more experience and become a skilled trader in the future.

[Natalim]

You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading.

Well, bots are emotionless and they will take the job whatever the command, unlike us humans who could easily affected by whatever happen in the market. This is the advantage of using bots but for me, I'm still confident in myself and with the help of my experience, I could still manage myself and do it well.

However, there is no perfect trade in trading, mistakes are possible to happen but I don't blame that market volatility instead, I blame myself because I did it imperfectly.

[Hamphser]

You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading.

Well, bots are emotionless and they will take the job whatever the command, unlike us humans who could easily affected by whatever happen in the market. This is the advantage of using bots but for me, I'm still confident in myself and with the help of my experience, I could still manage myself and do it well.

However, there is no perfect trade in trading, mistakes are possible to happen but I don't blame that market volatility instead, I blame myself because I did it imperfectly.

If you do really know on how to make use of bot then you would definitely be an advantage for you to use it on your own since you are knowledgeable on how to tweak those indicators and set ups which would really

be in accordance into your preference or trading ways or methods. Bots are for automation on which there is really a misconception in between bots and manual trading on which newbies do believe that bots
could really be able to make easy money but it is really just that wrong. Make use of trading bots when you are away from your computer but what i do prefer the most is manual trade on which you could really be able to watch and act accordingly if ever there would be some sudden movements or unexpected ones that do happen in the market.

Just like on what been said by most that losses are something that cant be avoided. There are trading decisions and positions which would really be that a losing one.Therefore, you would really be needing up to adjust
for you to be able sustain out this unpredictable market.

[Myleschetty]

You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading.

Well, bots are emotionless and they will take the job whatever the command, unlike us humans who could easily affected by whatever happen in the market. This is the advantage of using bots but for me, I'm still confident in myself and with the help of my experience, I could still manage myself and do it well.

However, there is no perfect trade in trading, mistakes are possible to happen but I don't blame that market volatility instead, I blame myself because I did it imperfectly.

Crwth, Another way to step from emotion is the take some time off from cryptocurrency trading because the reason for the emotional trading could be the much time spent.
Natalim, the use of a crypto trading bot is not about not trusting oneself, it's about having some time off trading while you still participate in the market, and it was also created as a way to avoid too much time on crypto trading which has affected some trader medically

[Bushdark]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge,  
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

There’s no place for perfect trading in the market. If you won’t fall for profits, probably you’re on your way for some losses. So never expect that you trade to win all the time, because in reality trading is more on losses instead especially if you are still a beginner trader. But no worries because you will learn eventually from all the mistakes and losses that are happening in your trades. Quitting should not be an option. Yes, you can take a break from trading, but after that, keep on trading again because that’s the only way you’ll gain more experience and become a skilled trader in the future.

Trading in the market is a two way thing and whatever track we fall to is what we get. Is either we get a profits or we go home with loses. Those that understand trading very well and had been in trading will understand far more better how it works with the risks that are attached. It is also very good for us to take a look at our strategy because that is what will determine whether we are going to keep making profits ornwebkewp making loses. It is a one way target, you win or go home in loses.

[Uruhara]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

There’s no place for perfect trading in the market. If you won’t fall for profits, probably you’re on your way for some losses. So never expect that you trade to win all the time, because in reality trading is more on losses instead especially if you are still a beginner trader. But no worries because you will learn eventually from all the mistakes and losses that are happening in your trades. Quitting should not be an option. Yes, you can take a break from trading, but after that, keep on trading again because that’s the only way you’ll gain more experience and become a skilled trader in the future.

Yes, I agree that experience is needed to make a beginner a reliable trader. But with the condition that a beginner must learn from the experience he has gone through. He should not repeat the same mistake too many times. Especially in terms of excessive greed and fear in the market. And you are right that trading is not always profitable. Even a professional though sometimes they can't avoid losses. It's just that they know how to manage their risks and emotions in the market. So that the losses they face will not make them bankrupt. it's different from beginners when you lose money you can go bankrupt.

[Rupok]

Those who have excessive greed for money face loss.  Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them.  It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital.  There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses.  Many people do not want to sell even if there is a fixed profit in the hope of extra profit.  But when they see the price going down, volatility sets in and they sell less than the capital.  For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.

[Jody.Drummer]

Those who have excessive greed for money face loss.  Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them.  It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital.  There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses.  Many people do not want to sell even if there is a fixed profit in the hope of extra profit.  But when they see the price going down, volatility sets in and they sell less than the capital.  For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.

Well and that means that balancing things out is a better option than instead of wanting to make a huge profit they end up making a huge loss there. The level of profit and loss will always coexist and it will be better if we make decisions that are balanced and in accordance with our abilities. Well I understand on the other hand greed is always in a person but we also have to be able to create some opportunities that can minimize losses. And that's right, this always happens to most beginners, as we know and what I believe is that they come with a very big ambition to make a profit, without knowing how the process they have to go through, I think they don't think about that so many traders end up with a lot of losses and they just stop there. I would say that mental and also psychological is very much needed in a trader, and maybe this is what causes many of them to experience losses. They have difficulty in making buy or sell decisions in certain market conditions and there they are not mentally prepared so they make the wrong decisions.

[Fatunad]

Those who have excessive greed for money face loss.  Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them.  It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital.  There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses.  Many people do not want to sell even if there is a fixed profit in the hope of extra profit.  But when they see the price going down, volatility sets in and they sell less than the capital.  For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.

Well and that means that balancing things out is a better option than instead of wanting to make a huge profit they end up making a huge loss there. The level of profit and loss will always coexist and it will be better if we make decisions that are balanced and in accordance with our abilities. Well I understand on the other hand greed is always in a person but we also have to be able to create some opportunities that can minimize losses. And that's right, this always happens to most beginners, as we know and what I believe is that they come with a very big ambition to make a profit, without knowing how the process they have to go through, I think they don't think about that so many traders end up with a lot of losses and they just stop there. I would say that mental and also psychological is very much needed in a trader, and maybe this is what causes many of them to experience losses. They have difficulty in making buy or sell decisions in certain market conditions and there they are not mentally prepared so they make the wrong decisions.

You should really know on how to adapt on whatever things that you would be encountering since we know that trying out to chase huge profits would eventually be resulting into that kind of desperation on which resulting into these kind of actions. Trading is something that cant be learnt so easily which means that you would really be needing to spend time and put up lots of efforts on distinguishing in between those movements. Just like the rest been saying that the market is really that truly unpredictable and there's no way even with those professionals or veterans could able to predict on where prices would be heading but still theres a significant difference in between parties which we do know that once you do make yourself do able to know on what you should gonna do or handle out this volatile market then you would really be finding yourself that sustaining.
In case you have suffer lots of losses then try to learn out of those losses so that on next time then you do already know on what you should gonna do.It might not be perfected but at least you are wary
on the things that must avoid.

[TheUltraElite]

Yes, I agree that experience is needed to make a beginner a reliable trader. But with the condition that a beginner must learn from the experience he has gone through.

An easy and safe method to gain experience is through dummy trading for a few years as one transitions to real life trading. No beginner has the experience to start off right at day one. It is a bonus if they have stock market experience, because that would help in the basics.

They have difficulty in making buy or sell decisions in certain market conditions and there they are not mentally prepared so they make the wrong decisions.

A trader who cannot deal with the market as just numbers and puts in too much thought are going to get this problem. You have to lose the emotions here and only consider your profit and your positions. It is tough for new traders, but if they can master this they will go a long away ahead.

It is the wrongly made decisions that will teach the trader not the repeat the mistake. Again a reason why they should do dummy trading early.

[Dickiy]

They have difficulty in making buy or sell decisions in certain market conditions and there they are not mentally prepared so they make the wrong decisions.

A trader who cannot deal with the market as just numbers and puts in too much thought are going to get this problem. You have to lose the emotions here and only consider your profit and your positions. It is tough for new traders, but if they can master this they will go a long away ahead.

It is the wrongly made decisions that will teach the trader not the repeat the mistake. Again a reason why they should do dummy trading early.

Well that's right, they have to get that fear tendency out of themselves, basically for a trader they are required to have strong composure when trading. And therefore I also like to say to some of my colleagues who are also traders, we always remind each other that we must continue to learn to train our mental and psychological, because it is very important and in fact it will be a tool for us to reach the right decision in the market, because sometimes there are some of them who have good knowledge but do not know how to manage their mental and psychological and finally they miss many valuable moments or even experience losses due to wrong decisions.

Well agree, this is indeed difficult to do especially for beginners who just came, but yes it is true as you said slowly as they continue to learn from their mistakes then it will make them more developed in any case in trading. So the point is not that you can't but it's quite difficult but I believe if your intention is strong then you will get through it.

[G_Besar]

Those who have excessive greed for money face loss.  Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them.  It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital.  There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses.  Many people do not want to sell even if there is a fixed profit in the hope of extra profit.  But when they see the price going down, volatility sets in and they sell less than the capital.  For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.

I think you are just telling the story of what investors who are not experienced or knowledgeable about investing and the markets experience. Because I very rarely find losses in experienced investors and those who like to invest in the long term because they actually already know very well about what assets they are investing in so there is no excessive panic when they start to see price declines occurring in the market. So this does not only cover the greed of an investor, but also concerns how panicked the investor is when he sees a drop in the price of the asset they are investing in.

Indeed, basically all investors have the goal of achieving very high profits through their investments, but what they must understand is not to panic when they see falling prices in the market because this is part of the risk that they must understand before investing. So this level of risk will actually not be much different from the level of profit that can be achieved by each investor, because without taking any risk in any case, there will be no hope whatsoever of expecting a profit.

[Lanatsa]

Those who have excessive greed for money face loss.  Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them.  It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital.  There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses.  Many people do not want to sell even if there is a fixed profit in the hope of extra profit.  But when they see the price going down, volatility sets in and they sell less than the capital.  For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.

I think you are just telling the story of what investors who are not experienced or knowledgeable about investing and the markets experience. Because I very rarely find losses in experienced investors and those who like to invest in the long term because they actually already know very well about what assets they are investing in so there is no excessive panic when they start to see price declines occurring in the market. So this does not only cover the greed of an investor, but also concerns how panicked the investor is when he sees a drop in the price of the asset they are investing in.

Indeed, basically all investors have the goal of achieving very high profits through their investments, but what they must understand is not to panic when they see falling prices in the market because this is part of the risk that they must understand before investing. So this level of risk will actually not be much different from the level of profit that can be achieved by each investor, because without taking any risk in any case, there will be no hope whatsoever of expecting a profit.

Losses are indeed inevitable but if you are a person whose already come into a point or a condition on which you have been that a veteran on this market or simply having the experience and skills then you could

really be able to lessen up that risks involved and would really be able to make yourself that sustainable despite of this random and speculative kind of market.When trading becomes unfavorable then if you do lack knowledge and experience then you would really be that having the panic since you dont really know on what you should gonna do and would be resulting into those bad decisions unlike to those people who
have that enough or sufficient knowledge would really be having that kind of advantage compared to those who are none.

The important thing on here is that you should really know on how to handle up your emotions because on the time that you would be experiencing losses then you do know on how to adjust things
accordingly and wont really be that impulsive into your emotions which would be leading into bad decisions. You would really be definitely be able to make losses on that one
if you wont really be able to adjust.

[Uruhara]

Yes, I agree that experience is needed to make a beginner a reliable trader. But with the condition that a beginner must learn from the experience he has gone through.

An easy and safe method to gain experience is through dummy trading for a few years as one transitions to real life trading. No beginner has the experience to start off right at day one. It is a bonus if they have stock market experience, because that would help in the basics.

Having experience from other fields such as stocks and forex is certainly a very good support. Even people who have experience in stock trading, they must have experience in how to fundamentally analyze a project. And if beginners in crypto also have experience in forex trading then they may already be proficient in technical analysis. So that getting into crypto won't be too difficult for them to adapt.

Well sometimes beginners have to have some unfavorable experiences at the start of trading. But it is useful to make beginners to be more careful on the next try.

[Viscore]

You could classify those things with your emotions. And it's not a factor of what happens in the market but a factor where you are trying to make yourself vulnerable towards how you are going to react with the market. It's going to lead to unfavorable trading, but you can do something about it if you step away from the emotions itself. That's why I love bots so much because they are consistent with trading.

Well, bots are emotionless and they will take the job whatever the command, unlike us humans who could easily affected by whatever happen in the market. This is the advantage of using bots but for me, I'm still confident in myself and with the help of my experience, I could still manage myself and do it well.

However, there is no perfect trade in trading, mistakes are possible to happen but I don't blame that market volatility instead, I blame myself because I did it imperfectly.

I believe bots have their own imperfections as well. They are not reliable at some point since they don’t have intellect like human being, and they can’t perfectly predict the future prices of crypto that’s why I still prefer to trust my own knowledge and experience when it comes to trading. Although it’s given that trading has its high risk of losing, but if you know how to manage and lessen the risk, then I don’t think that you will keep failing and losing from your trades. Emotions are the enemies of trading, so learn not to trade by chasing your emotions because that will only lead to more losses and failures.

[Crypto Library]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

There is some close person to me who say by themselves that they don't feel good without  trading. He trades with dollars from me. And from his greedyness he in investest his fund on some nonsense alternatives coins.
I tell them again and again don't trade in nonsense places. He says that it has become like an addiction now for him So considering it from this point of view, if trading is unfavorable to such people, I think that is also good. I always suggest these people to invest in Bitcoin for long term rather than investing in alternative coins, long term investment will show that the chances of profit will be higher. Which many people do not get even by keeping money in the bank

[jaberwock]

I think you are just telling the story of what investors who are not experienced or knowledgeable about investing and the markets experience. Because I very rarely find losses in experienced investors and those who like to invest in the long term because they actually already know very well about what assets they are investing in so there is no excessive panic when they start to see price declines occurring in the market. So this does not only cover the greed of an investor, but also concerns how panicked the investor is when he sees a drop in the price of the asset they are investing in.

Indeed, basically all investors have the goal of achieving very high profits through their investments, but what they must understand is not to panic when they see falling prices in the market because this is part of the risk that they must understand before investing. So this level of risk will actually not be much different from the level of profit that can be achieved by each investor, because without taking any risk in any case, there will be no hope whatsoever of expecting a profit.

Panicking because of the fall of the prices happens all the time for newbies but also there are people who are veterans and want to get out as well. The newbie one I can understand because they do not know any better and they want to do that which is understandable. However, that doesn't mean that they are right with every move, it should be important to realize that we are talking about something that would make a bigger change and that is why there is a problem with it.

I think it is important to know the difference that we are going to make some profit with it, I think it should be important to realize that veterans should at least know better and they should be holding and DCA their way into profit quicker.

[puloweh555]

There are few factors that leads to unfavourable trading, these factors includes Greed, and chasing a trend, Traders are expected to encounter Challenges during trading and relating these challenges with people's experiences can be the key in solving the challenge, 
Sticking to the trading plan is also good to avoid unfavourable trade as changing plans in the middle of a trade Can really lead to a loss in trade.

Changing trading plans is not always detrimental, this depends on the market, if you do have to change plans, there is nothing wrong as long as we can minimize losses. Only you know all trading plans because everyone's plans are different.

However, if you have written down your trading plan, and market conditions are still supportive, stick to the plan. Yes, of course you have to avoid responses that involve emotions from you such as fear or greed. Everyone who wants to trade must be able to train themselves to apply discipline and consistency when executing and exiting trades.