Market Correction

[Bitcoin_people]

The situation in the market is very good for the last few weeks and it is much better than before, where people are not losing their money but making money. Also those who have liquidated in crypto may have forgotten to use stop loss due to which they lost their money. That's why you need to follow all maintenance while trading and then start trading. You trade responsibly so that your target is as per your target and you don't take too much risk but you can gradually profit in the trading field. You should never trade against a target when you start trading it is best for you to do it according to a target.

[tvplus006]

...I personally don't do futures trading and never intend to, because it doesn't feel right to me anyway so I always prefer spot trading...

I will not try to convince you otherwise, but I believe that the main advantage of futures is that you will continue to trade and make a profit, even when the market is in a bearish phase. But when you trade on the spot market, you do not have the opportunity to open a short position and you are out of the market at this time.

[gabbie2010]

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Though I wasn't liquidated based on just an investor of course there is some drawdown on my portfolio due to the market correction, I believe traders who traded with a  leverage would have experience liquidation while experience traders would have utilized Stop Loss to minimize their losses while some traders are of the opinion that the market correction would be shortlived and would bounce back unfortunately refused to protect their portfolio which resulted to their liquidation, traders who traded with small leverage are a bit safer therefore can still hang on because the price of Bitcoin seem to started bouncing back to bullish sentiment.

[bangjoe]

That's what I don't like about derivatives trading, when the market reverses or is different from the results of the analysis that has been done then our position will be liquidated when a correction occurs, I have several times felt painful, if it always happens like this, even though it does offer greater profits than spot trading.

I prefer spot trading because it is much safer, although I have to have a lot of money to get enough returns, like 1%-5%. And when the market reverses, my total holdings will not be reduced, I can have the opportunity the next day to sell when the market recovers, I feel much more comfortable with this trade. Sorry for going a bit off topic but maybe you understand what I mean.

[GeorgeJohn]

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

I didn't experience any loss that day neither do I know anyone who had a loss that day but then this a normal situation that occurs in the market most often and we are to be cautious enough to notice them and make sure to not be caught up in the frenzy of the losses, one of the ways we could possibly be mindful about it is by exiting once we notice some of the early confirmations that are indications about possible reversals for corrections.

That is the reason its wise to be wise in trading because if you are not wise in trading you will not know when and period that you will get lose and when you will not get lose in trading so therefore I believe that as trader we have to learn the rudiments of Trading from the beginning to the end so that we will not be victims of loss, at least when you have scrutinised trading measures very well you won't experience losses, so it's good to know movement of candles sticks so that you will know exactly when to venture into the market or not.

[lombok]

Maybe this only affects futures trading when it comes to liquidation. For spots or holders, this may be normal and normal if there is a price reduction.

It is normal for a price decrease to usually test a support level or close a gap that occurs. What's worse happens only in the form of a wick and the price goes back up or recovers. To be safer when playing in futures, always pay attention to the leverage and margin we use, considering how volatile the Bitcoin market is.

[Baofeng]

Maybe this only affects futures trading when it comes to liquidation. For spots or holders, this may be normal and normal if there is a price reduction.

It is normal for a price decrease to usually test a support level or close a gap that occurs. What's worse happens only in the form of a wick and the price goes back up or recovers. To be safer when playing in futures, always pay attention to the leverage and margin we use, considering how volatile the Bitcoin market is.

Or correction is needed so that speculators and investors can go and buy at entry point that is lower. But for those who are here in the long term, doesn't matter. If we do DCA, it might be good to buy when the price goes down, but it's average so it's irrelevant.

And I think though but future and spot traders are going to be affected as when there is liquidations because of price reduction.

The real winner here is the HODLer, because they are not affected by the price. Their mentality is to just hold for a long time and obviously profit taking is for the future, when we reaches new all time high.

[jaberwock]

That's what I don't like about derivatives trading, when the market reverses or is different from the results of the analysis that has been done then our position will be liquidated when a correction occurs, I have several times felt painful, if it always happens like this, even though it does offer greater profits than spot trading.

I prefer spot trading because it is much safer, although I have to have a lot of money to get enough returns, like 1%-5%. And when the market reverses, my total holdings will not be reduced, I can have the opportunity the next day to sell when the market recovers, I feel much more comfortable with this trade. Sorry for going a bit off topic but maybe you understand what I mean.

Isn't that the same to what we do in spot trading, investing, and others? That when our actions differ to what is happening, we will also lose. Maybe derivatives are only a little riskier than them. Corrections and market fluctuations are always there.

You may not see them now, or there are almost no signs that they are coming but trust me, they are always there, so why are you guys not doing the best as you can to stay safe? Just in case you already know this. Spot trading will now become riskier if you will use more money but the only thing is, that like you said, your positions are not auto-liquidated. Although they can too if you use a stop loss.

[Ahli38]

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

In fact, every time a correction occurs, many positions are always liquidated. It amazes me how people place trades with liquidation positions so close. What amazes me is that many of those liquidated are worth hundreds of thousands of dollars or more. But this is something I have become accustomed to seeing. Especially when there are announcements of economic events such as the FOMC meeting and so on. At that time, it is common for us to see the candle become like a syringe that flies quickly and then falls quickly too. Which is like targeting the closest and largest liquidation positions. Because when all large positions have been liquidated, the market will calm down again. This has become a habit in today's market.
If you want to see and get notification at telegram every large liquidated position use this. (BinanceLiquidations)

[synchronym]

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

Bitcoin is a popular name. Bitcoin's popularity is increasing day by day. So I think there is no need for Bitcoin correction. Bitcoin will reach its peak of success at its own pace. Bitcoin is a risk. So when we trade in Bitcoin we must be careful to trade in Bitcoin. Bitcoin is risky, so if we want to trade Bitcoin, we must trade Bitcoin with that risk.

[Hamphser]

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

What details are you actually trying to find?
How they do lost up those trades?
How much they have lost?

Usually these liquidation reports would really be just be seen on  some news or notifications on which this is usually be posted up specially into those crypto related news site.
Is this something new? No its not but rather it is really just that a normal thing which liquidations of those positions whether long or short could happen.Why?
This market is unpredictable and with some unexpected events like black swans and regulation issues would really make out those sudden shifts on which
it would really be messing up someones positions even no matter how good it is.

We can call it a market if we do speak about these movements on which there would really be corrections on which you should expect that these are the primary things
on which you would really be able to encounter once you would really be able to touch up this space.

[kojektea]

Yes, I thought it was a bit strange that day, where I thought my analysis was good enough to be ready to open a position but it turned out the market was moving in the opposite direction. I think this has something to do with the price of bitcoin which tends to be unstable. It's a good idea in the next few days until the new year to continue to focus only on Bitcoin in trading, this reduces the possibility of us being liquidated. On average, those who were liquid were those of us who were trading in altcoins at that time. I think if we trade with bitcoin it is much more accurate, especially since bitcoin is unstable, sometimes it rises significantly and also falls more quickly.

[stadus]

Hi guys, The correction we saw in the market earlier this week led to a lot of liquidations. Were you or anybody you know involved in a losing trade that day? If so, would you mind sharing some details about it? Thanks, Martin

You will only lose if you dare to sell your coins at a lower position than you bought it first. And for me, that's always a wrong decision to take most especially if we only sell because of the fear of losing more. Fear is something that won't help us in the long run so we need to control it or avoid it as much as possible.

However, with the previous price correction, I guess I have not known some friends who resort into selling their coins. Most probably because they know that they will only lose in the process, or it's just that they don't have valid reasons to sell at that time so there's no point of selling if you don't need some immediate funds either.

[adpinbr]

Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

[MusaMohamed]

You will only lose if you dare to sell your coins at a lower position than you bought it first. And for me, that's always a wrong decision to take most especially if we only sell because of the fear of losing more. Fear is something that won't help us in the long run so we need to control it or avoid it as much as possible.

However, with the previous price correction, I guess I have not known some friends who resort into selling their coins. Most probably because they know that they will only lose in the process, or it's just that they don't have valid reasons to sell at that time so there's no point of selling if you don't need some immediate funds either.

By investment with own money, not from any loan, we will have better psychology and can make better decision for holding or taking profit. With our own money and long term plan, we will not worry that we must to find a peak to take profit in one market cycle. We possibly will have better psychology for holding as we can easily accept that we miss peak of this market bull run and move onward with a next bull run, next four years.

It's not bad to take profit partially to enjoy profit and make our life better but by fear of missing the peak, chance to take profit but also fear of missing higher highs, better chances, we need to take profit partially and gradually with time.

[ANN] JJG Sustainable Bitcoin Withdrawal Strategy.

[boyptc]

I sold some bitcoin that day, so what happened usually happens.

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

It is something that you really don’t need to panic or you have to do is to stay calm.

I agree.

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

[kentrolla]

Hello mate yes, it’s usually Losing of trade and corrections are supposed to be made and there is no need to panic. I sold some bitcoin that day, so what happened usually happens. It is something that you really don’t need to panic or you have to do is to stay calm. Try not to make more mistake Also, don’t be greedy Trading, you should always take to the initial plan and focus on it, so mate don’t need to worry it’s all good. At least you can follow up very well this time and take a lot of any challenge so you wouldn’t be a victim of what happened that day It is always necessary sometimes.

That's the challenge as people panic and sell it off at loss without much plan, either those who don't want to risk it or cannot follow the trend needs to have SL applied beyond the risk ratio or else they need to sell it with minimal loss because what I have seen people doing is neither both as correction phase or market dump they will wait for the market to pump expecting an equal and opposite reaction and it further goes doen but they don't want to sell it as they have lost good amount of value by now, but eventually end up selling due to funds. They need to have a clear strategy in order to sustain.

I don't mind having my funds struck during the correction phase of its BTV but I won't be comfortable doing same with Altcoin

[shawonngp]

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

[MFahad]

While the thread was made on December 2023 where there have been some corrections too, this is still applicable today as there are some corrections happening too.

The corrections we have seen in recent days are way lower than the pumps that we are witnessing in the market. Bitcoin has already touched $69k which wasn't expected at all despite some people predicting that it will hit a new all-time high before the halving but we were not expecting that to happen this soon. We are still a month or more away from the halving event, what else can we expect from the market? $70k?
Such corrections shouldn't make anyone panic because the price of Bitcoin dropping $2k from its value is then gaining more than $5k which should make people gain more confidence.

[EarnOnVictor]

If you panic, you lose.

But if you stay calm and you have it planned and don't have to be hysterical, you're in good hands. You know the diamond hands are for real on this situation of the market.

Right but most of people's carried losses only to panic sell if when see market is going down and can't control their mind but also it's true that very hard to stay calm to keep holding a coin for long time, is someone had extra money who can keep it invest in long term but not possible to everyone.

Then you should opt for holding rather than trading. A lot is happening in the market and if you are not such that is deeply rooted in it to know what is actually happening, panic may set in, and before you know it, you might have made decisions that you will regret. Trading is technical, that's why we should be technical with it as well, we should always learn the behaviour of the market in every situation we see, so that we can be appropriate and not base our decisions on emotion or our instinct. The two had made me lost/missed bitterly in the past as the case may be, but now, I give the decision-making power entirely to my trading chart and not what I feel would happen or how I feel it would happen.

As traders, we should learn and know the difference between the trend, the retracement/correction, the range, the channelling/sideways market and so on. In every one of these conditions, any trader can make a mistake, but if we are well-informed, clever and patient with our analysis and decision-making, we will surely get to know what the market is actually resorting to doing instead of liquidating when we should not. Also, the use of stop loss is good to avoid mistakes like this and this must be smartly placed after enough analysis to avoid mistakes.