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Author Topic: What could be the problem here?  (Read 643 times)
tvplus006
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August 23, 2023, 03:50:14 PM
 #81

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

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August 23, 2023, 11:49:20 PM
 #82

Very similar to gambling.

Let's put it this way, logically, when we trade then we could potentially win and lose. And it's like some sort of belief that when you trade more, you're likely to lose.

And the same goes with gambling, in the end, if you're a day trader OP. When you are in profit, don't lose it and just take it so that you'll see why these situations are fairly normal.
Similar situations on gambling but different in long term involvement on which we know that gambling cant really be that totally be compared to trading since its a different thing. Although in speaking about risks then it is really there and its up to someone whether they would really be accepting it and would really be considering on continuing specially on trading which its true that if you do see that you are really that making profits in the end of the day then it is really just that right that you shouldnt really be that stopping but rather continuing since this is an indicative sign that you are really that progressing in terms of
your trading. Problem? There's no problem as long you are really that sticking with your risks management because if you wont really be that mindful about this then you would really be ending up on
messing up your initial plans that you had made out earlier and possible goals that you had already insighted.
Sticking to the plan you've set and the risk management that you're doing will play the big part on it.

That's why we're chilled when we're excited and upon doing these trades, a lot changes based on the emotional that we're reacting from the trades we do.

And when you're determined to continue yet the results of the most trades you've done are not conducive, it's okay to stop for a while.

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August 24, 2023, 12:04:40 AM
 #83

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.
You are right. Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time. But over time, when experience increased, I began to understand that we really have to trade in a calm position. And our psychology must be in good shape. And we must limit our trading hours to maintain emotional stability. Well, I'm still learning to this day.

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August 24, 2023, 01:15:43 AM
 #84

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.
You are right. Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time. But over time, when experience increased, I began to understand that we really have to trade in a calm position. And our psychology must be in good shape. And we must limit our trading hours to maintain emotional stability. Well, I'm still learning to this day.
Right timing is really the key, or having an established strategy, because if we hastily put a trade in, meaning we don't have a concrete process on where we trigger the trade because we just think that is the best spot, which turns out not to be, this is really the start of losing, which is again normal for trading. All of us have been through it, but we should learn from it so that it won't happen again. Also, emotions are a big factor in it, which is why if you are in a good mental state, you can trade and decide more.
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August 24, 2023, 05:12:33 PM
 #85

Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time...

Everyone was once a beginner and, accordingly, made similar mistakes. Only some gave up trading, while others brought new money in order to test another strategy and eventually found their own, which allowed at least not to lose their money.

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August 24, 2023, 08:22:54 PM
 #86

-snip-
Everyone was once a beginner and, accordingly, made similar mistakes. Only some gave up trading, while others brought new money in order to test another strategy and eventually found their own, which allowed at least not to lose their money.
Some traders will plainly give up because they failed to learn a good trade - while others will take their failure as a lesson and do something better to avoid repeating the same mistake again. Everyone has made mistakes, both big and small - but these mistakes should be part of our journey to success.

Learning new trading strategies is part of how traders grow - but it never guarantees they will be successful with their new strategy. After all, trading may not be better than investing in the long term - the meaning is that a trader can still lose all his profits in just one mistake.

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August 24, 2023, 08:34:57 PM
 #87

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.
You are right. Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time. But over time, when experience increased, I began to understand that we really have to trade in a calm position. And our psychology must be in good shape. And we must limit our trading hours to maintain emotional stability. Well, I'm still learning to this day.
Right timing is really the key, or having an established strategy, because if we hastily put a trade in, meaning we don't have a concrete process on where we trigger the trade because we just think that is the best spot, which turns out not to be, this is really the start of losing, which is again normal for trading. All of us have been through it, but we should learn from it so that it won't happen again. Also, emotions are a big factor in it, which is why if you are in a good mental state, you can trade and decide more.
And able to easily adapt on the time that you would really be that able to encounter such changes on which we know that we do have set a particular analysis and action point whether we are selling or be still holding but

there are circumstances or conditions which might really be able to changed up that on the time that you would be able to encounter certain conditions on which you would really be needing to act fast if you are really that going for short term but if you are basing up on long term then this wont really be an issue since you can simply hold into your position and just wait up for the price to recover. In speaking about emotions then it would really be normal that there would really be those sudden impulse action that would be felt on because we are just human and its normal to have those kind of impulsive reactions which might lead to those actions
that out of our analysis.

Being a trader then you should really be making yourself that versatile because if not then you would really be finding yourself on committing lots of errors and mistakes just because
you would be simply missing out those things which you are really that supposed to take action on.

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August 25, 2023, 05:23:38 PM
 #88

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

As new commers are in desire to get profit soon as possible so because of this haste they losses their money day by day and eventually they stop to do trade. They should be calm because in haste every decision is faulty and correction of time will take time.

There is no fault of newbies because they are new and they feel every movement of market as a new thing so excitement is must but if they continue their trading with same behavior then this will be their mistake.

No one is a master from the starting stage but try to be master by learning each and every thing is a bold step of trader which will make them expert one day.



 

 

 

 

 

 


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August 25, 2023, 07:27:03 PM
 #89

It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.

As new commers are in desire to get profit soon as possible so because of this haste they losses their money day by day and eventually they stop to do trade. They should be calm because in haste every decision is faulty and correction of time will take time.

Are guys implying that this results from those different trades could be fairly caused by hasty openings of new orders?  Maybe I didn't point it out that this person isn't a newbie because he has been tradingfor about three years now, and I have had time sitting with this very person witnessing how he trades, and I never for ones caught a sight on him opening many trades after another, so just somehow unsure it could be that though it's a strong point. And inmay have to ask him to find out about that.
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August 25, 2023, 09:29:09 PM
 #90

There is no fault of newbies because they are new and they feel every movement of market as a new thing so excitement is must but if they continue their trading with same behavior then this will be their mistake.
Unless they learn from the mistakes that they have committed. Things are learned through experience and that's what they need to do, to learn from the experience that they're going to have from it. If the mistakes are consistent and they're not making anything better then they should have just quit. But if they are persistent and has a vision of what they're trying to do, that means that they're able to extract the lessons that they're learning through the process and it's not that hard to obtain even if they're beginners and they're courageous to take those beginner's losses.


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August 25, 2023, 09:35:47 PM
 #91

Are guys implying that this results from those different trades could be fairly caused by hasty openings of new orders?  Maybe I didn't point it out that this person isn't a newbie because he has been tradingfor about three years now, and I have had time sitting with this very person witnessing how he trades, and I never for ones caught a sight on him opening many trades after another, so just somehow unsure it could be that though it's a strong point. And inmay have to ask him to find out about that.

In this case, advise your friend not to rush to open the next order after a profit order. The result of such a pause may be that he will not have time to open a losing trade and the next open order will be as profitable as the previous one.

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August 26, 2023, 01:14:31 AM
 #92

Beginners tend to do things like that. Because I was in the same situation and condition when I was just learning to trade. I always open positions in a hurry and I also always close positions in a hurry. The point is that everything is too forced and always wants to be done quickly. Well we want to quickly have big profits in a short time...

Everyone was once a beginner and, accordingly, made similar mistakes. Only some gave up trading, while others brought new money in order to test another strategy and eventually found their own, which allowed at least not to lose their money.
Well, many decide to stop trading after experiencing several losses. So that he did not have time to further develop the trade they had started. The point is that in the world of trading everything requires a process and our patience is really tested in this case. All we can do is have to keep learning and evaluating every mistake that keeps us from being able to profit. And as experience and insight increase, becoming a successful trader can definitely be done. It's just that the initial journey is sometimes the most difficult to pass.

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August 26, 2023, 03:25:51 PM
 #93

Skillingcash, a trading app that I installed one day from Seychelles company and started trading everyday. Darts, it was unexpected to see my results. I ended up spending more money than I was expecting. It’s very hard to keep up with trading if you are not controlling yourself and your emotions. I spent around $25 on Tesla shares on ended up losing the entire 100% amount in the daily market. It was so crazy experience for me that I ended up putting more money so that I can invest and acquire the losses. Though I was thinking that I will be able to recover it I ended up sticking those funds in middle of trades.

The problem is only with the emotions I guess. Nothing else can make us loop around it. Just personal experience. This could be entirely different for everyone.
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August 26, 2023, 03:29:17 PM
 #94

What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.

 Like he places a trade today he makes profit and the next day when he places another trade he would lose it, whereas the next day he then makes another profit and lose it the next. And this happen been repeating for more than a month.

Trading is just like gambling which you can guarantee profit because you literally just speculating on the price by using indicators that use only previous data to give a prediction and doesn’t guarantee that it’s signal will really happened.

It’s common to experience lose and win repeatedly if you don’t have any strategy and just trading based on your feeling. Traders that consistently winning are those who analyze a certain tokens and familiarize on its behavior before they enter on any trading.

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tjtonmoy
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August 26, 2023, 06:53:30 PM
 #95

Stop Loss (SL) That's how you manage your loss so that you don't lose a lot. And if you are loosing one day and making profit on the other, change your time frame. Take it to 3/4 day or weeks. Weekly opening trades and closing them will give you best results if you are struggling with day trading analysis. Putting a limit to your trades with stop loss will let you close the trade without making huge loss or even getting liquidated. It is a practice that will help you minimize your losses. So that you will be able to open a new trade with better options.

Or if that is happening repeatedly and affecting your life, then take a break. Change your strategy and analysis pattern. Come up with a new thing which will work according to the current market condition. Hopefully that will help you get rid of such trades. Or you can skip a day or two between trades to better understand the market. Remember, the more time you give the better results you will get from your analysis.
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August 26, 2023, 09:56:00 PM
 #96

One of the main causes for this claim that the crypto market is unpredictable is the winning and losing that happens in it. You win today but lose tomorrow. No matter how skilled a trader you are, you do not always win. Even if you are making money at one time, your greed and need for more money may prevent you from knowing when to stop. 

No matter if you make a profit or a loss for the day, you should always stick to and monitor the closure of your entry point. Many people fail to recognize when they should give up and try again the next day at that point. 

The way to get out of it is to learn when to quit even if you are at a win or loss. Don't deal as though tomorrow won't come to test your lucky charm.


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August 27, 2023, 05:52:14 AM
 #97

If a person is experiencing one day win and another day loss then I think trading is not beneficial for him because the loss and profit become balance and a person remains at that stage.

In my opinion an experienced trader do not face such situation because he knows how to manage the circumstances that are against his hopes and he learned all the things before taking step into trading so if a person is facing such situations then main thing is that he does not understand the market completely so he should stop trading here.

Trading is for getting success and work to handle every situations so if one is not able to maximize his profit then pausing trading for some durations and learn again will be suited good.
Just because they made a profit and made a loss doesn't mean it was equal numbers neither. I mean you could make 5k profit and 3k loss, which means you are in 2k profit and that's the important part, you should be making as much profit as you possibly could from it.

You can still continue to make a loss time to time, like you can go one profit and one loss back to back, but as long as you profit more than you lose then it's fine and nothing is wrong with that. I get that it will not be simple, but it will at least exist to a point and you should be hoping that it will work for you in the end. I understand that some people worry about it, because they do not like to check the results of it, but it will happen without a doubt.

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August 27, 2023, 09:54:35 AM
 #98

What do we think could be the cause for a trader that has been experiencing a win and lose repetitive occurrences in his trades.

 Like he places a trade today he makes profit and the next day when he places another trade he would lose it, whereas the next day he then makes another profit and lose it the next. And this happen been repeating for more than a month.

Has anyone had such experience? If yes! Then how was or could it be solved or stopped?
The situation is getting psychological.
I think his trading strategy is not completely working, that’s why he is more into losses and some winnings lately. If he will continue to use it, probably there will be no changes in his trading outcome, but if he’ll develop a new and a more reliable strategy, he can start maximizing his profits and minimize his losing moments. Moreover, his trading habits might also be triggered. He should assess more of his trading habits and strategies so he can finally track the sources of his trading losses.

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lixer
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August 29, 2023, 06:06:20 PM
 #99

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...
It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.
It's true, a lot of people, especially newbies, think that they need to make a lot of trades in order to earn a lot of profit that too in a very short period of time, and they ignore the fact that it also increases the chances of them making wrong trades and losing money which makes it completely useless to execute many trades. When you are earning $30 from 10 trades and then losing $20 in a single trade, it makes all your hard work go in vain.

The very first thing newbie investors need to keep in mind is that cryptocurrencies are not a get-rich-quick scheme and they need to keep calm, it can help them get financial stability but only if they try to understand things more clearly instead of rushing things and trying to make a quick profit.

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August 29, 2023, 07:59:33 PM
 #100

...So the problem is we have to be able to restrain ourselves. And we should only enter into trades when we are truly psychologically prepared. should not be too excited but also should not be too lazy in making analysis and trading. Everything must be done quietly...
It is obvious that beginners want to earn a large amount of money as soon as possible. Therefore, they believe that if they open new orders more often, the faster their goal will be achieved. The fear of lagging behind the market movement leads to mistakes that entail the loss of money.
It's true, a lot of people, especially newbies, think that they need to make a lot of trades in order to earn a lot of profit that too in a very short period of time, and they ignore the fact that it also increases the chances of them making wrong trades and losing money which makes it completely useless to execute many trades. When you are earning $30 from 10 trades and then losing $20 in a single trade, it makes all your hard work go in vain.

The very first thing newbie investors need to keep in mind is that cryptocurrencies are not a get-rich-quick scheme and they need to keep calm, it can help them get financial stability but only if they try to understand things more clearly instead of rushing things and trying to make a quick profit.
Just let them on what their first impressions and believe could be on which they would really be soon realize on whats the reality of this field on which it never been that easy for you to deal with.
It is really that common that newbies would really be having that kind of impression in towards things knowing that it is really that first time. On the time that they would be having that actual experience
then these sentiments would really be changing and they would be able to adjust and act accordingly on how it would really be looking like. Occurrences of similar situations or results arent that shocking
on which you would definitely be able to experience it out along the way but it doesnt really mean that something.

The thing you should have in mind is to adapt and be versatile on whatever things that is facing on you. If you do find yourself that trading is really that hard then you should really just simply adjust
and do all your best and might on making yourself that sustainable because not all would really be that sustainable and able to survive this unpredictable space or market.

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