Wait for the right set-up

[boyptc]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

That's what most think of trading, they're only looking at that time when it's profitable. But, they have to remember that not everyon becomes successful so quickly with their very first trades.

Telling that they can make money with 5-7 trades, that's even a quick and lucky time to trade and make money out of someone's trade.

Because the normal process will have to make someone the most of losses first before going on with profitability.

[1714792312]

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[1714792312]

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[Cookdata]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

As much as I think your idea about having many open trades looks bad, I don't really think it's really that bad to have many open trades as long as you can manage. Maybe as a new trader, I will say you don't need it because might not have understand how the market works but a professional trader can has 6 open trades, 3 can give him each 20% each and the remaining 3 can give him 5% each. When you do the maths, you will have 60% profits and 15% losses. If you subtract profits from loss, you will have a realized profits of 45% for that day, I hope you see why some traders has many open trades.

But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.

Your idea is cool but works very well during the bear market. In a bull run where you can literally see all coins becomes greenish in profits, it will be difficult to applied them here because what you are saying actually works better in bull run but you need to also applied risk management into your train, it's not every trade you see too good you should put money into, you might experience bad result.

[SamReomo]

But waiting for the right set-up gives you an edge in the market

I think whatever you said is true and I highly agree with it. A good trader often waits for the right opportunity and when he/she sees that opportunity then he/she makes a trade.

In my eyes, a good trader is like a good hunter, a good hunter waits for the right opportunity to attack the prey and in the same way a good trader waits for the right opportunity to make the trades.

Those traders who make many trades a day are the greedy fellows who can lose everything with a few wrong trades. So, it's 10x better to be patient trader than a greedy fellow.

[goldkingcoiner]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.

The problem most traders have is a lack of patience and emotional control. Some traders see a big candle and decide to act on it, abandoning their previous well-thought-out strategy for emotional desire. And then what happens? Reversal, loss of control, panic-selling.

[Hamza2424]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

A really good concern Op you've indicated the more you trade the more you earn is not a fact, but an inner feeling we call greed, TBH on the trading field as Op mentioned the right set-up in my terminology I call it the right ball haha which is inspired from cricket, stand on the pitch and wait for the right ball to score a six, these six's make your portfolio 4x 10x and whatever you expect from them.


I'm not saying don't trade, trade to stick to the market wait for a good opportunity with your saved capital and then score a six. To score big you need to save yourself.

[Russlenat]

But waiting for the right set-up gives you an edge in the market

I think whatever you said is true and I highly agree with it. A good trader often waits for the right opportunity and when he/she sees that opportunity then he/she makes a trade.

In my eyes, a good trader is like a good hunter, a good hunter waits for the right opportunity to attack the prey and in the same way a good trader waits for the right opportunity to make the trades.

Those traders who make many trades a day are the greedy fellows who can lose everything with a few wrong trades. So, it's 10x better to be patient trader than a greedy fellow.

I believe traders have known this from the start. That waiting for the perfect timing to trade is highly important, so one can maximize his profits and control his losses if ever. However, even if they’re perfectly aware of this, it’s like it’s easier to said than implement this for them. Patience will always trigger them, that if they keep on waiting, they might end up losing the opportunities to make profits. The reason why we have been seeing traders consistently trading, it’s not that they’re not aware that they are doing the wrong thing, but being greedy to make profits is more of their focus than waiting for the right set up to trade.

[mirakal]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

That's what most think of trading, they're only looking at that time when it's profitable. But, they have to remember that not everyon becomes successful so quickly with their very first trades.

Telling that they can make money with 5-7 trades, that's even a quick and lucky time to trade and make money out of someone's trade.

Because the normal process will have to make someone the most of losses first before going on with profitability.

When we actually heard the word trading, profits is what will eventually come into our mind. That’s right, based on what most of the crypto influencers have to say. But we’ll only realize once we start to trade that it’s not all about profits but most often losses. In fact, those successful traders today have endured a lot of losses when they were starting so how much more if we jump on trading without getting the right information about trading. While losses are part in trading, but with consistent trading exposure in the market, we can always learn to minimize our trades from losing as we start to take part in learning the process.

[|MINER|]

Repeated trading does not mean you will be more profitable.  Those who think like that can never make a profit by trading.  Trading cannot be over-leveraged.  Trading always requires knowledge and skill.  The rules of trading include that too much leverage brings trading losses.  You made a profit in the first two trades but in the third trade you might lose all your capital.  Every job has a structured set of rules.  That is, each task has a defined setup.  It is possible to get success if you work accordingly.  To be successful, certain rules of work must be followed.

[Nrcewker]

I have seen many newbies say that trading is easy money. You will become rich overnight if you trade. But they are forgetting the golden rule that, trading is equally risky and you can also lose your bankroll, your hard earned money in an overnight. So yes, you need to give time to the market and wait for the perfect time to trade. Once you find the good set up, use some of your balance to take little profits from the market with little risk. In this manner you can really make good money.

[AnonBitCoiner]

Trading is very perilous and continues trading cannot give you anything without lossing money therefore take a break when you think that you are not mentally prepared for it or you lossing percentage exceeding from the limit.

Now it is the time of taking benefit from your trading so trade with the help of your learned knowledge and as the market is oscillating you can enhance your profit during current situation of Bull season. There are some beneficial coins which you can trade now and people are getting more profit through trading in meme coins as there is a quick change occurs in its value.

[boyptc]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

That's what most think of trading, they're only looking at that time when it's profitable. But, they have to remember that not everyon becomes successful so quickly with their very first trades.

Telling that they can make money with 5-7 trades, that's even a quick and lucky time to trade and make money out of someone's trade.

Because the normal process will have to make someone the most of losses first before going on with profitability.

When we actually heard the word trading, profits is what will eventually come into our mind. That’s right, based on what most of the crypto influencers have to say. But we’ll only realize once we start to trade that it’s not all about profits but most often losses. In fact, those successful traders today have endured a lot of losses when they were starting so how much more if we jump on trading without getting the right information about trading. While losses are part in trading, but with consistent trading exposure in the market, we can always learn to minimize our trades from losing as we start to take part in learning the process.

So right.

Many of the successful traders today have gone through a lot. They are not just mentioning it and they only share the wins that they have for them to attract people.

But if it's about the losses that they've incurred before all of those successes, they're going to tell a long story that they've endured a lot of it for sure.

[Natsuu]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.

Bur early in your trading you must really be trading as many of your setups that you would  like and be more willing to lose a lot early on. You don't need to have perfect entry, but to test yourself. Over that time you should be able to focus on your disciplined executions with proper risk management. So you can last long in the game until you improve your trading. You shouldn't be worrying yourself about money making but the understanding of your setup and mastery of yourself execution.

[mvdheuvel1983]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

That's what most think of trading, they're only looking at that time when it's profitable. But, they have to remember that not everyon becomes successful so quickly with their very first trades.

Telling that they can make money with 5-7 trades, that's even a quick and lucky time to trade and make money out of someone's trade.

Because the normal process will have to make someone the most of losses first before going on with profitability.

When we actually heard the word trading, profits is what will eventually come into our mind. That’s right, based on what most of the crypto influencers have to say. But we’ll only realize once we start to trade that it’s not all about profits but most often losses. In fact, those successful traders today have endured a lot of losses when they were starting so how much more if we jump on trading without getting the right information about trading. While losses are part in trading, but with consistent trading exposure in the market, we can always learn to minimize our trades from losing as we start to take part in learning the process.

So right.

Many of the successful traders today have gone through a lot. They are not just mentioning it and they only share the wins that they have for them to attract people.

But if it's about the losses that they've incurred before all of those successes, they're going to tell a long story that they've endured a lot of it for sure.

Most people may likely not tell the story of their own losses in trading because it will discourage a newbie around them who is interested in learning how to trade but anyone who wants to go into trading should have the idea of gaining and losing money as well depending on the outcome of the trade and how well the person is knowledgeable.
Having a good trading knowledge is the easiest way to overcome losses that is what people don't understand and you do not expect someone who has lost for so many years back to start bringing up sad stories about his experience when things are better now.

[pawanjain]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.

I have personally experienced this because I was trading frequently in the past and use to take losses.
I didn't had the patience to wait for the right setup and used to buy at higher prices.
Sometimes I used to make profits but since the entry was at a higher price, I didn't made gains that I should have.
Waiting for a good entry point will increase our profit margins a lot but this applies only to short term trading and not long term trading.
For long term trading, an entry point doesn't matter much though.

[Alone055]

Well, you are right that one cannot trade without opportunities because then it will be a forced trade, however, a good trader would try and find opportunities in any market condition so that they don't have to wait very long before they can earn some profit, and this is possible only through research and analysis.

A day trader can never rest. If you are a day trader, you can't just sit and wait for the market to serve you the opportunities in a plate but you will need to go out there and do your research and find out coins and tokens that are creating trading-windows based on the strategy you are using. Regardless of the market conditions, there will always be some cryptocurrencies that will give you a window that you can use to make your trades.

However, this doesn't mean one should overdo it as you said, you are not supposed to become greedy and make hateful trading decisions because that might make you lose focus and make you lose money in the long run.

[Cryptoprincess101]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.

Trading is almost same as gambling but the difference is that if you follow the right signals in trading you are likely to make some profits in it and just like you said it requires a lot of patience and you must be able to know what you are doing because you can't just start trading when you have no trading know or trading techniques to follow for you to make some gain. Though trading can be so stressful but people still  make some reasonable profits if you follow the right signals and apply them correctly.

[leonair]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

The more you trade, the more you can profit, because trading requires a lot of patience and a lot of analysis over a period of time.  Because not all coins always increase in price. Trading is a very difficult thing and a person who jumps into trading thinking it's easy and believes in the concept that the more he trades the more profit he will get, will suffer greatly. yes, the more you trade, the more profit you can make, but every trade must be a successful trade

[Yaqs15]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

Exactly, it's very risky, to have such believe, you are likely to have such kind lost. in fact, your entire life, if expectations are too high, the disappointment you will encounter will be high as well.

The more you trade, the more you can profit, because trading requires a lot of patience and a lot of analysis over a period of time.  Because not all coins always increase in price. Trading is a very difficult thing and a person who jumps into trading thinking it's easy and believes in the concept that the more he trades the more profit he will get, will suffer greatly. yes, the more you trade, the more profit you can make, but every trade must be a successful trade

some time you get profits according to the more trading you do. but most of the time you will trade more and get less profits. such it is,  even in our own life. some time you will work harder and earn less.

[tvplus006]

..But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.

As a rule, beginners tend to open more orders, hoping to earn money quickly in this way. And only after time has passed, they begin to understand that this type of trading brings only losses and in the future carefully choose the moment to open a deal when the market is more predictable.

[GeorgeJohn]

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.

do you know one thing about trading you must do study the rules and the regulation of trading first before you can be able to make a profit as you may think,trading is a skill that you will learn and understand the procedures before you can be able to escape losses in Trading so many people who experience a huge loss in Trading is people that have not microscope or understand the basic routement of trading... it is obvious and understanding that the more you trade it is more you have more experience about trading and the more you loves interesting it is more you understand your fault and your loop holes, so an experience Trader who knows the fundamentals of threading who knows the key and the strategies to trade cannot lose a huge amount of money or cannot lose a profit that he or she made in two consecutive trade and the two consecutive profits in one trade....its a beginner of trader that is profits conscious can make such mistakes.

People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.

This will depend on the strategy that the trader is using. Traders that are using high leverage will see this a lot. Assuming a trader has $500 to trade, he can think of 10x leverage, thinking to earn $10 each from scaping. If the trade favors him, he will be winning $10 each. Let us say he has won 5 time which is $50. If he trade again the 6th time and the trade is not favoring him, he will think to leave the position open for a while and this might result in liquidation of the money used. But if using low leverage or no leverage at all, it can help against high risk trading.

it is obvious that the how you open your leverage in Trading or establish your trading is the way you'll get a loss and and also the way you get your profit, is perspective I think you are correct, but one thing that makes us to lose very huge in Trading is because of the way we strategize our threading and then what causes this is that when we have the greediness in US it is what makes us to lose more than the way we are supposed to lose our capital.. is obvious that the higher our expectation may be as Same of our risk in Trading.

But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.

You know it is easy to say wait for a good trade set up. Where the work is in being patient and it is the patience that beginners often lack. A friend went from taking a trading course to doing 5 live trades and guess what, he lost. Successful traders will only take one to three trades each day and they could even do less. I think that some trades are just not necessary, they just waste the trader's time which should have just been spent either doing nothing or engaging in some hobbies. Waiting for a good trade set is simply waiting or the right trading opportunities.

one of the philosophy of trading is that, before you benefit in Trading you must also experience a huge loss because it is based on your experience in Trading that to make you to understand trading movement anyone who is into trading is not wasting it time, it's what it deserves to do, and any you decide to do you most like to know the effects neither knowing the advantages first or the advantages, if you study trading very well you will not be experiencing a huge loss.