Trading is beyond technical analysis

[WilliamCarter]

back when i started out i was glued to charts and indicators like a complete mug thinking ta was some holy grail, only to get my account wiped out by that exact blind overconfidence. market doesn't give a toss about ur drawing lines or fancy tools when it decides to flip, at the end of the day the only thing keeping u alive is proper risk control and the discipline to swallow a loss before it eats u alive.

[citywise2]

This is for beginners traders because I now old traders like know these already.

You set indicators, the market fall to where you supposed to buy, like in an oversold market, you buy the coin, thinking the price will start rising. The market show as if the price will start rising but the later continue to fall and fall the more. In the process, your money got liquidated. Your tried it for overbought market but the same thing happened and your money got liquidated.

All of us that are old traders know this, so you really need to make use of strategies that can help you not to lose much and that can lead to possible recovery not avoid martingale.

Trade with the money that you can afford to lose to help you fight emotions
Do not use leverage or use very low leverage like 1.5x
Avoid most altcoins
Averaging is good but martingale is your enemy
Risk management is important
Money management is also very important
Do not trade in a way that you will always watch the screen in panic
Fundamental analyses can help in knowing when to buy at times but still be careful because it is also not enough just like technical analyses.

Old traders,  if you need to give advise, what are they?

Well said! To add  a thing, there is something called liquidity. When for instance a whale wants to buy a coin, they always buy it cheaper. First  they push the price down below where many  traders - newbies and amateur, supposedly placed their stop loss . Now they have gotten all the liquidity they needed and right before your very eyes, the market move as you have originally targeted but unfortunately your trade was taken off by your stop loss.

 It's no crime, that is how the entire financial market works and you may not see it in text book, but have to experience it live. Bottom-line is,  get a mentor, he has been many times to the place you are planning on going.  Watch how he trades live,  that is hand-on experience with the market conditions because you are going to need them tomorrow plus  whatsoever you were able to gather on your own. That is a sure way to save time and money and then make more.

[YOSHIE]

Old traders,  if you need to give advise, what are they?

Doing crypto trading is not just about having money and then entering the market to trade, there are many other factors that can determine someone's success in trading, like the way we manage risk management, for example, don't use money for daily living needs.

Likewise with how we control emotions and psychology such as panic, fear and greed, that is the reason crypto trading requires more than graphic analysis to be successful in trading activities, Likewise, fundamental analysis is also the main benchmark so that users understand the type of coin they want to trade as well as global regulations and also the developer of the coin itself so that we don't get caught drowning, Prioritize the points above that we understand crypto trading not just by understanding technical analysis, we consider other factors that can make us successful.

[Baki202]

back when i started out i was glued to charts and indicators like a complete mug thinking ta was some holy grail, only to get my account wiped out by that exact blind overconfidence. market doesn't give a toss about ur drawing lines or fancy tools when it decides to flip, at the end of the day the only thing keeping u alive is proper risk control and the discipline to swallow a loss before it eats u alive.

It sounds funny, but it's not funny because, in most cases, trading is not something you want to rush because doing so will only put you in a very difficult situation because it was all about charts. I'm confident that no one will lose their money, so it would be best for them to just accept that relying on charts does not guarantee that you will be winning when it comes to trading  it's a skill because there are people who don't even know how to interpret charts, which is where the majority of the problem arises. So this is a matter of knowledge and experience the two works hand in hand.

And when it comes to trading, you can't just be overconfident; you have to know exactly what you're doing. You can't do guesswork; you have to be precise. For this reason, trading is a game of time that requires a thorough understanding; if you can't trade, it's better to just concentrate on investing.