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Author Topic: Trading psychology and TA  (Read 590 times)
taufik123
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April 09, 2024, 07:41:12 PM
 #61

-snip-
And I point a fact that without an edge, psychology is a crap, one need have a system which suites him and disciplines himself to follow, with proper risk management  he already know that two possible which is profit or lose, this will shaping him to trade without fear because he already has a system he follows. But skipping the process of learning and building psychology will make you keep losing because you understand nothing about the market.
Advantages that include good crypto knowledge, basic knowledge of trading is indeed very necessary.
Because Psychology will be formed from a series of events that occur while trading takes place.

One will not rely on psychology alone, but also on excellence, as they can read the market well using TA and FA.
Knowing the science of trading well and then hone trading psychology, it will be the perfect trade if you continue to practice it.

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April 16, 2024, 07:23:44 PM
 #62

Quote from: TheUltraElite
Its the mindset - being a person who does not sell when the market is falling and does not buy when the market is rising is important. The majority of people who enter crypto are with a get-rich-quick mindset, because of which they will follow this mistaken line of trading.
That is where some traders are missing it in their trading today because they feel when the price is falling is the best way to trade, not knowing that it will make them to achieve loss, and if you want to make money from trading ensure you watch the market price at the moment the price has risen higher.

 Crypto trading is not like other business you will invest and get rich quick from the business, but if you can endure for long with your trading, and follow the due process to to trade your coins you bought from the market, you will surely improve your profits.

Quote
If your mindset is not like that you will be able to make profits be it short or long term, provided you keep yourself limited to bitcoin. I cant talk about altcoins, they are not my cup of tea.
Just focus on your hodling during the bear without having the mindset of getting rich quickly because once you start making profits from your trading it will help you to get rich when you stay long in your trading.

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