Trading is beyond technical analysis

[Arenga pinnata]

Actually, I think that if you focus on charts and indicators, you can also succeed in your trading. As long as you can truly read the chart patterns accurately, which are usually combined with several indicators as supporting tools. However, what makes someone look foolish is when they appear to be doing technical analysis, trying to draw lines and using many indicators but they themselves don’t really understand the purpose of each indicator correctly. And I’ve encountered many beginners who use more than three indicators but don’t truly understand the purpose of those indicators themselves.

Technical analysis is crucial for finding the right position to place an order, determining take-profit points, and so on. However, determining the right time to act must be supported by fundamental analysis and sentiment analysis first. This is because crypto market sentiment sometimes reacts very quickly to news. As a result, there are times when our analysis becomes useless when new news breaks that immediately creates sentimental pressure and rapidly changes the market’s direction. So, the bottom line is that it’s not enough to rely solely on technical analysis; it must be supplemented with other types of analysis.

Another fellow PLEB who pretends who know something everything about "trading", but he/she actually doesn't have the qualifications to give his/her advice to the other fellow PLEBS.

Why aren't you honest with yourselves and keep pretending to be "good traders"? We're PLEBS! There's nothing wrong with that.

    ¯\_(ツ)_/¯

Unfortunately, as you said, I personally am not a very good trader either. And well, most of us here who are still discussing and looking for solutions to trading problems, sharing our experiences and insights as best we can, aren’t necessarily good traders either. But, well, there’s no harm in sharing our experiences and insights to the best of our ability. After all, even professional traders sometimes suffer losses. Especially for me personally, I’m still a beginner when it comes to trading and don’t even dare to trade with large amounts of capital because I know I’m not willing to take risks on something I haven’t fully mastered yet.

So, I won’t argue with you. After all, all of us here are essentially sharing our perspectives. And just because someone offers a perspective doesn’t mean they’re more of an expert than the person receiving it. And I’m sure no one here considers themselves an expert.

[Wind_FURY]

Actually, I think that if you focus on charts and indicators, you can also succeed in your trading. As long as you can truly read the chart patterns accurately, which are usually combined with several indicators as supporting tools. However, what makes someone look foolish is when they appear to be doing technical analysis, trying to draw lines and using many indicators but they themselves don’t really understand the purpose of each indicator correctly. And I’ve encountered many beginners who use more than three indicators but don’t truly understand the purpose of those indicators themselves.

Technical analysis is crucial for finding the right position to place an order, determining take-profit points, and so on. However, determining the right time to act must be supported by fundamental analysis and sentiment analysis first. This is because crypto market sentiment sometimes reacts very quickly to news. As a result, there are times when our analysis becomes useless when new news breaks that immediately creates sentimental pressure and rapidly changes the market’s direction. So, the bottom line is that it’s not enough to rely solely on technical analysis; it must be supplemented with other types of analysis.

Another fellow PLEB who pretends who know something everything about "trading", but he/she actually doesn't have the qualifications to give his/her advice to the other fellow PLEBS.

Why aren't you honest with yourselves and keep pretending to be "good traders"? We're PLEBS! There's nothing wrong with that.

    ¯\_(ツ)_/¯

Unfortunately, as you said, I personally am not a very good trader either. And well, most of us here who are still discussing and looking for solutions to trading problems, sharing our experiences and insights as best we can, aren’t necessarily good traders either. But, well, there’s no harm in sharing our experiences and insights to the best of our ability. After all, even professional traders sometimes suffer losses. Especially for me personally, I’m still a beginner when it comes to trading and don’t even dare to trade with large amounts of capital because I know I’m not willing to take risks on something I haven’t fully mastered yet.

So, I won’t argue with you. After all, all of us here are essentially sharing our perspectives. And just because someone offers a perspective doesn’t mean they’re more of an expert than the person receiving it. And I’m sure no one here considers themselves an expert.

If consider yourself as an unqualified person to be called a "trader", then why did you make that post like you were someone qualified? Is it a mere post made for the sake of making it?

   ¯\_(ツ)_/¯

Plus if we PLEBS can't trade better against Bitcoin's market performance during Bull Cycles, then WHY "trade"? It's better to merely HODL Bitcoin.

[LogitechMouse]

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

LEARN TO HAVE SELF-AWARENESS. That for me is the ultimate thing that you need if you're trading.

If you are on a losing streak, and you're aware of it, you'll make a decision and you will stop trading depending on how disciplined you are.
If you got liquidated and you're aware of it, you will decide to stop temporarily and look at what mistakes you have done.
If you're aware that your emotions is getting the sh*t out of you, you will learn how to control it especially if being emotional leads you to more losses.

Self-awareness for me leads to everything. Self-awareness makes you a better trader. Being aware of what's happening to you in your trading journey will push you to make better decisions. We have different advice to give here, and all of them are helpful towards newbies, and this is why it's great to have these kind of threads so that newbie traders that are here will know what to do as soon as they trade, and experience the same experiences that we all have.

Well, I'm not a successful trader yet, and even I'm struggling to apply this on myself, but... despite of that, I believe it could help others out there.

[Wind_FURY]

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

LEARN TO HAVE SELF-AWARENESS. That for me is the ultimate thing that you need if you're trading.

If you are on a losing streak, and you're aware of it, you'll make a decision and you will stop trading depending on how disciplined you are.
If you got liquidated and you're aware of it, you will decide to stop temporarily and look at what mistakes you have done.
If you're aware that your emotions is getting the sh*t out of you, you will learn how to control it especially if being emotional leads you to more losses.

Self-awareness for me leads to everything. Self-awareness makes you a better trader. Being aware of what's happening to you in your trading journey will push you to make better decisions. We have different advice to give here, and all of them are helpful towards newbies, and this is why it's great to have these kind of threads so that newbie traders that are here will know what to do as soon as they trade, and experience the same experiences that we all have.

Well, I'm not a successful trader yet, and even I'm struggling to apply this on myself, but... despite of that, I believe it could help others out there.

  ¯\_(ツ)_/¯

I believe if you followed you're own advice, then your "self-awareness" would tell you that you're merely a fellow PLEB like many of us in BitcoinTalk. PLUS if you're "self-aware" enough to acknowledge that, then you would also acknowledge that Buying the DIP, and HODLing Bitcoin would absolutely give you MORE gains and LESS losses than if you "traded" with your money.