Wait for the right set-up

[Bravut]

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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

Discipline, patience are needed as traders in building our system and edge to make us profitable and successful as traders. Most traders tend to lose not because of ignorance  of what the market is saying but impatience to wait for the right set-up and moment to enter.

Waiting for the right set-up isn't  complete without taking the set-up which you were patient about.  So in as much we develop qualities in the market we should also milk it.

[Fatunad]

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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

Discipline, patience are needed as traders in building our system and edge to make us profitable and successful as traders. Most traders tend to lose not because of ignorance  of what the market is saying but impatience to wait for the right set-up and moment to enter.

Waiting for the right set-up isn't  complete without taking the set-up which you were patient about.  So in as much we develop qualities in the market we should also milk it.

On the moment that you would really be hovering yourself into this market then you would really be able to make out those kind of realizations on which you would really be needing to apply it out specially that patience and good control of emotions on which this would really be something relevant.  There are really that those moments that it would really be testing out your patience, if you do fail then it could neither result into loses or would be missing out those opportunities that you might be able to face on. When dealing up with crypto space then it would really be just that a normal approach for you to have on having that kind of versatility
when it comes to opportunity hunting. Waiting for the right set up would really be always recommended because it would really be that pointless that would really be making out trade positions in a rush
because nothing beats out on making that best entry one position trade compared into those multiple ones but not even sure with those or not properly planned. There are really that significant differences
among the two.

[Dewi Aries]

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

Discipline, patience are needed as traders in building our system and edge to make us profitable and successful as traders. Most traders tend to lose not because of ignorance  of what the market is saying but impatience to wait for the right set-up and moment to enter.

Waiting for the right set-up isn't  complete without taking the set-up which you were patient about.  So in as much we develop qualities in the market we should also milk it.

Yes, it is true that the cause of losses is not always about ignorance of how to trade properly or not because it is wrong to enter the market but these losses can also occur due to our inability to prepare something that we should have thought of being a preparation such as patience, many of the traders end up with losses due to being too fast or too hasty in starting or making decisions so that in the end they start open positions at the wrong moment or not right and end up experiencing losses because they put something not in the right place.

Actually there are many factors that can make us experience losses in the world of trading, not only because of the lack of knowledge or knowledge but carelessness can also be fatal, but on the other hand I am sure that over time if a trader is really serious in learning then they will definitely be able to make bad experiences as learning material not to repeat it again someday.

[wxa7115]

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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

That is an accurate metaphor about what trading is about, you can either chase every single opportunity that you think it may turn profitable, or you can wait until everything goes as predicted and only then make your move.

The former approach is too intensive and it will cause traders to burn out very quickly, even if they made money this way, however the latter strategy is way better, as not only the percentage of profitable trades will go up, but since this strategy is easier to implement, it will allow a person to trade the markets for the long term and even make the transition to a full-time trader.

[Kelvinid]

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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

Perhaps, there is a right to start in all things and that includes trading. Preparation is what we meant and it takes time to do it. Might some people think it unnecessary but that is far from their imagination because that is truly needed in trading. We can't trade unprepared, that is the thing we should put in our minds. We have to use those early trader's experiences as our mirror, most of them suffering major losses due to lack of knowledge and skill and most likely it happen to us if we behave the same. Unless we don't care about losing.

[letteredhub]

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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

Perhaps, there is a right to start in all things and that includes trading. Preparation is what we meant and it takes time to do it. Might some people think it unnecessary but that is far from their imagination because that is truly needed in trading. We can't trade unprepared, that is the thing we should put in our minds. We have to use those early trader's experiences as our mirror, most of them suffering major losses due to lack of knowledge and skill and most likely it happen to us if we behave the same. Unless we don't care about losing.

If a trader don't care about losing it men's he is not actually a trader but gambler in disguise. Some of the traders that I know of that have been making trade losses something I discover from their losses it is not that they are not with sound strategic knowledge about  trading but that they are deficit of patience. They just could not wait a little much to see  a position confirm before they jump in. Wrong entering can make a trader lose opportunity to make what was ought to have been a profitable trade for him. That's why I don't undermine patience as a trader and a holder.

[Lanatsa]

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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

Perhaps, there is a right to start in all things and that includes trading. Preparation is what we meant and it takes time to do it. Might some people think it unnecessary but that is far from their imagination because that is truly needed in trading. We can't trade unprepared, that is the thing we should put in our minds. We have to use those early trader's experiences as our mirror, most of them suffering major losses due to lack of knowledge and skill and most likely it happen to us if we behave the same. Unless we don't care about losing.

If a trader don't care about losing it men's he is not actually a trader but gambler in disguise. Some of the traders that I know of that have been making trade losses something I discover from their losses it is not that they are not with sound strategic knowledge about  trading but that they are deficit of patience. They just could not wait a little much to see  a position confirm before they jump in. Wrong entering can make a trader lose opportunity to make what was ought to have been a profitable trade for him. That's why I don't undermine patience as a trader and a holder.

Anyone who do have that kind of approach towards trading is simply just that a gambler and not a trader because doing up some entries without any analysis or basis is really something pertains about being a gambler because the risks is high if you do have this kind of approach on which you dont really care on what price or on what condition you had made out yourself to make out such position on which we know
that high chances for us to lose up money rather than on earning or making one. Waiting up for the right set up would really be always the key to have that more effective trading on which it would really be resulting into making profits on which this is really that something that will really be that our main priority on the time that we do deal up with trading.

Wait for the right time and the perfect timing, although there's no way on telling on what would be the sweetest spot but at least we do apply any analysis that we could be able to possibly be able to
to apply on.

[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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

Perhaps, there is a right to start in all things and that includes trading. Preparation is what we meant and it takes time to do it. Might some people think it unnecessary but that is far from their imagination because that is truly needed in trading. We can't trade unprepared, that is the thing we should put in our minds. We have to use those early trader's experiences as our mirror, most of them suffering major losses due to lack of knowledge and skill and most likely it happen to us if we behave the same. Unless we don't care about losing.

If a trader don't care about losing it men's he is not actually a trader but gambler in disguise. Some of the traders that I know of that have been making trade losses something I discover from their losses it is not that they are not with sound strategic knowledge about  trading but that they are deficit of patience. They just could not wait a little much to see  a position confirm before they jump in. Wrong entering can make a trader lose opportunity to make what was ought to have been a profitable trade for him. That's why I don't undermine patience as a trader and a holder.

the thing is that we need to understand the scope of trading before we join trading because sometimes our problems come from lack of understanding the rules and the regulations of trading, a normal circumstances any good Trader must to venture into loss because no one is Master in Trading and immediately you get lost in Trading you will understand what makes you to get lost if you are a good Trader, because I understand that once you lose interest you are updating yourself more and more in Trading so nobody is Master of trading at the nobody will come out today they said that since it has been trading it has not lose once in Trading so your loss is what to make you to be wise and to upgrade from the point you are to another point.

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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

Discipline, patience are needed as traders in building our system and edge to make us profitable and successful as traders. Most traders tend to lose not because of ignorance  of what the market is saying but impatience to wait for the right set-up and moment to enter.

Waiting for the right set-up isn't  complete without taking the set-up which you were patient about.  So in as much we develop qualities in the market we should also milk it.

On the moment that you would really be hovering yourself into this market then you would really be able to make out those kind of realizations on which you would really be needing to apply it out specially that patience and good control of emotions on which this would really be something relevant.  There are really that those moments that it would really be testing out your patience, if you do fail then it could neither result into loses or would be missing out those opportunities that you might be able to face on. When dealing up with crypto space then it would really be just that a normal approach for you to have on having that kind of versatility
when it comes to opportunity hunting. Waiting for the right set up would really be always recommended because it would really be that pointless that would really be making out trade positions in a rush
because nothing beats out on making that best entry one position trade compared into those multiple ones but not even sure with those or not properly planned. There are really that significant differences
among the two.

the only thing you have to is someone who is into trading is still learn and understand the strategics point of trading because if you have understand the rudiment of trading nothing will make you not to no when you are supposed to entered into the market and then when you are not supposed to enter into market also, so we not waiting for the actual time to enter into trading it is based on we have not understand the procedures and the protocols of trading before we venture into it. So primarily from my own theory and observation you have to know the concept of trading first before you join trading that is my summary.

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.

You are actually right bro, waiting for an opportunity before entering into the market is One of the safest way to navigate your way in the market, because trading is just like hunting for a prey, you need a strategy if you must be successful, and patience is one key that a trade needs to be successful, because you are more likely to win a trade when you are certain of a particular set up, than entering when not that sure, am saying so because as a trader that I am, I have tested this strategy, and it's has work for me severally, the only challenge is patience, because the market is very enticing, you will feel like that moment you are not trading, you would have made a lot of money if you had entered the market, and it's actually the psychological aspect of trading in full display, so if you are discipline enough and you decide to wait, bro, you will be very glad at the end that you waited, because it will be worth.

when you don't know how to utilize opportunity to enter into trading you don't know it at all, unless you have study and the milk your research concerning threading before you can wait for the opportunity and utilize the opportunity, in Trading there's nothing that is more than observation and they also research so when you have understanding this strategies very well I think you cannot venture into the advantages of trading before then you have already know what is going to happen in the market or you go out all the market it is when you have not study very well or make a properly search it is well you will eventually into enters into the advantages.

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.

You can't do that if you're trading rightful, it's those traders that aren't trading in the right way that'll lose everything they have made from trading when one trade goes against them. Being a trader, we shouldn't trade without having our stop loss in place because when the market isn't going as we predicted, the stop loss will prevent us from losing too much. Stop loss will have you to regulate how much you want to risk losing when the market is going down. Waiting for the right set up of the market is a great advice as you don't have to be trading every time. Trading should only be carried out when you have studies the cryptocurrency pairs that you want to trade to see how they move in all market conditions before you buy or sell them. Waiting for the right market set ups prevent you from entering the market at a wrong time too.

it is not that there are not using stop loss method to trade but the problem is that some of the recent Traders is very greedy to the extent that what they needed in Trading is to make profit no knowing that two things are involved in Trading, neither you ventured into the disadvantages aspect of trading or you entered into the advantages of trading and these two things can happen to you when you lack the major concept of trading, so from your own explanation or Theory that you are right because stop loss is very important and it is used to control your risk level in Trading.

[Sanitough]

( ...)
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.

This is very true because, even with how many trade losses you did as long as you have stopped the loss and are not eager to get into a new trade, you will be profitable.
Sometimes 1 perfect trade will able to get your losses back, so at the end, you end up profitable as long as you waited for the right set-up and not chasing losses.

Chasing your losses in trading is obviously a non-profitable strategy because it will push you into more losses instead. Most especially if you are new into trading, then the more that you should wait for the perfect timing to trade so you can make a successful and profitable trade. Patience is a virtue in trading, if you can't wait for the right set-up, then it's better to stop trading and settle on short term investment. However, losing in trading consistently will also leave you some lessons to ponder, so at least learn from it and improve your trading mindset and performance.

[TheUltraElite]

Patience is a virtue in trading, if you can't wait for the right set-up, then it's better to stop trading and settle on short term investment.

Things often go out of hand for traders and being patient through the trade will allow them to come up with the opposite solution. If they bought at high, by mistake, they can with till the high is crossed which eventually make take a couple of years. But this lesson is to be ingrained to avoid such future mishaps.

One thing good about spot trading that keep it different from any other mode of trading is the opposite asset at hand remains intact to be sold at any later date. You just have to be patient enough to hold it.

The right setup might never come in as "right" - sometimes just follow the buy low sell high and dont wait during high volatility - these last few weeks for example.

[senyorito123]

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.

As we trade the most probable target that we see during the market rise of our asset, definitely there's profit settled in. Patience is tested during this time, so you should wait until such time our goal reaches to the top. Everybody dreams for a good market despite of how challenging it is when sudden market fluctuations occurs.
Knowledge is very important even though we struggle to cope up with stress as well our emotions.

[Kelvinid]

Perhaps, there is a right to start in all things and that includes trading. Preparation is what we meant and it takes time to do it. Might some people think it unnecessary but that is far from their imagination because that is truly needed in trading. We can't trade unprepared, that is the thing we should put in our minds. We have to use those early trader's experiences as our mirror, most of them suffering major losses due to lack of knowledge and skill and most likely it happen to us if we behave the same. Unless we don't care about losing.

If a trader don't care about losing it men's he is not actually a trader but gambler in disguise. Some of the traders that I know of that have been making trade losses something I discover from their losses it is not that they are not with sound strategic knowledge about  trading but that they are deficit of patience. They just could not wait a little much to see  a position confirm before they jump in. Wrong entering can make a trader lose opportunity to make what was ought to have been a profitable trade for him. That's why I don't undermine patience as a trader and a holder.

It is very important for a trader to have a good plan and trading target as this will help to guide them. Nobody wishes to lose their money but yes, this is trading and no matter what we do, losses are still possible. But at least doing something to avoid major losses is a good idea that we must take. That is why setting up in the right way and at the right time (based on our preferences) is the best thing to do. But this is impossible if we don't have knowledge about trading. So taking time to prepare before entering trading is necessary as this will affect the result and the success of our plan.

[jrrsparkles]

Patience is a virtue in trading, if you can't wait for the right set-up, then it's better to stop trading and settle on short term investment.

Things often go out of hand for traders and being patient through the trade will allow them to come up with the opposite solution. If they bought at high, by mistake, they can with till the high is crossed which eventually make take a couple of years. But this lesson is to be ingrained to avoid such future mishaps.

One thing good about spot trading that keep it different from any other mode of trading is the opposite asset at hand remains intact to be sold at any later date. You just have to be patient enough to hold it.

The right setup might never come in as "right" - sometimes just follow the buy low sell high and dont wait during high volatility - these last few weeks for example.

I don't believe in that we should always have to wait for the right time because it doesn't come more often or doesn't come at all, so the strategy should be simply sell if you're in profits either the whole or just the profits or part of it as you wish.

We need the patience when we see the bloodbath that frustrates traders even if they're experienced and force them to sell at loss.

If right setup means only sell when you're in profits then OP is right and that's what the real basic of trading, 'buy low and sell high '.

[Hamphser]

Patience is a virtue in trading, if you can't wait for the right set-up, then it's better to stop trading and settle on short term investment.

Things often go out of hand for traders and being patient through the trade will allow them to come up with the opposite solution. If they bought at high, by mistake, they can with till the high is crossed which eventually make take a couple of years. But this lesson is to be ingrained to avoid such future mishaps.

One thing good about spot trading that keep it different from any other mode of trading is the opposite asset at hand remains intact to be sold at any later date. You just have to be patient enough to hold it.

The right setup might never come in as "right" - sometimes just follow the buy low sell high and dont wait during high volatility - these last few weeks for example.

I don't believe in that we should always have to wait for the right time because it doesn't come more often or doesn't come at all, so the strategy should be simply sell if you're in profits either the whole or just the profits or part of it as you wish.

We need the patience when we see the bloodbath that frustrates traders even if they're experienced and force them to sell at loss.

If right setup means only sell when you're in profits then OP is right and that's what the real basic of trading, 'buy low and sell high '.

We do know opportunities do come and go and if you are someone who would really be waiting up for that perfect moment then it wont really be always that precise on everytime on which means its either you could be able to get the right time or would really be able to miss out the opportunity on making money. When making out some entry then it would really be just that be basing up whether you would really be able to get the right timing or not. Of course it would be a normal approach that you would really be waiting for the timing because we would be liking to sell or buy on the most perfect moment
for having that kind of maximization whether on buy or sell point but we do know that this market isnt something that predictable which it would be causing up for you not to be able to right thing
or the perfect spot but at least you have done the right step. Just that not make yourself that being too perfectionist then you should be just fine.

[stadus]

( ...)
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.

This is very true because, even with how many trade losses you did as long as you have stopped the loss and are not eager to get into a new trade, you will be profitable.
Sometimes 1 perfect trade will able to get your losses back, so at the end, you end up profitable as long as you waited for the right set-up and not chasing losses.

Don’t chase your losses because you will only lose more, but chase for more trading knowledge and experience so you can win your trades. Trading is like gambling, the challenge to win and be in profits is always high, but sometimes all we need to do is just wait for the right timing and set -up to trade so that we can lessen the chances of losing and increase the potentials of making profitable trades.

[Z_MBFM]

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.

Avoiding spot trading, traders are now leaning more on leverage trading.  But no one wants to admit that it is very risky. Because greed works in everyone who can take high amount of trades with a small amount of funds using leverage. If one can make good prediction then he can profit from Leverage trading, future trading and can make huge profit in short period of time but if he doesn't have good knowledge about trading then his fund becomes zero very fast.

[Bananington]

We do know opportunities do come and go and if you are someone who would really be waiting up for that perfect moment then it wont really be always that precise on everytime on which means its either you could be able to get the right time or would really be able to miss out the opportunity on making money.

Some of the answers are not trading related and this is an example of one of them.

There are particular kinds of patterns that professional traders understand based on experience and how they have seen those patterns before in the market, they understand these patterns whenever they happen and these are the patterns that traders look out for and call the right setup. All traders have what they look out for so an opportunity for one trader to trade will not be an opportunity for another to place a trade. But as a trader it is important that you have particular patterns and setups that you understand in the market and look out for.

[adpinbr]

Yes, you need to understand Trading before you go through it you need to understand the process Trading is not something you should just start. Thank you so immediately you have to go through some processes and get familiar with it, understand some strategies that you need to know before going to Trading you have to go through all these processes. If not, you will end up not sending Trading and losing

[blckhawk]

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.

Not even newbies think that, what are you talking about OP? Most traders aren't your average dumbass that would just think such a simple concept, pretty sure that some people know about the risks that entails trading so I don't think that anyone thinks that way, most likely you're the only one that thinks this one OP sorry. I'm in all agreement with what you're saying though, wait for the right time to trade so you don't lose the money and that you can enjoy your profits, learning the patterns that the market make might also help you a lot given that even in the unpredictability of the market, there will always be times where in the pattern it's basically repeated if you can compare it, sure the price is different but how they move is what you should be looking for.

[Barikui1]

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.

Not even newbies think that, what are you talking about OP? Most traders aren't your average dumbass that would just think such a simple concept, pretty sure that some people know about the risks that entails trading so I don't think that anyone thinks that way, most likely you're the only one that thinks this one OP sorry. I'm in all agreement with what you're saying though, wait for the right time to trade so you don't lose the money and that you can enjoy your profits, learning the patterns that the market make might also help you a lot given that even in the unpredictability of the market, there will always be times where in the pattern it's basically repeated if you can compare it, sure the price is different but how they move is what you should be looking for.

Bro, one of the major reason why people most people accumulate a lot of losses in trading is that they don't know when to trade and when not to trade, they will see a market consolidating, and they will choose too trade instead of waiting till the market go out of consolidation, because they fail to understand that it's not how active you are in the market that makes you profitable, but it's by how technically sound you are in the business that makes profitable.

Lastly, you also need to understand that when trading, if you don't know how to control your emotions, you will find yourself doing things you out not to be doing and that will definitely cost you dearly, because  trading is 90% psychology and 10% technicality and execution,so the earlier you understand that waiting for the right set-up is very important, the better.