Trading is beyond technical analysis

[GIF-JOBS]

Yeah, the market sure can be tricky. Strategy is key, but even then, it's about executing it right. And as Oshosondy mentioned, managing your losses early can make all the difference. Without proper risk and money management, no strategy will save you from a big loss. So yeah, smart moves and solid risk control, those are your best allies in this game

Some traders fails to control their risk while trading and even with proper strategies of a trader doesn’t apply proper risk management to their trading practices then easily all their hard work would just go in vein within short period of time because risk management helps to protect and build our portfolio instead of it getting liquidated.

Let make sure our losses are within our control, we should have total control of losses and know how to apply risk management to it so not to make little losses turn into something massive. Losses are inevitable sure but let reduce the losses.

Despite having the right strategy and mindset, if there is a mistake in financial management, the investment may be broken due to unexpected reasons or financial shortages. Especially when someone is trading and there is no risk management, unexpected situations may actually result in selling at a loss, and if a decline occurs, the financial shortage caused can have an impact on real life. There is no guarantee of profit in trading. Traders minimize losses by managing and controlling their own risk. Traders who do not accept their losses and lose control and make emotional decisions lead to a worse situation. And one should not only focus on profit but also on protecting capital. One wrong decision can destroy the entire portfolio.

[Doll2233]

Op and the guys replying are true that most of the beginners don't want to hear. They think technical analysis is the only thing in trading they memorize some charts and strategies and for them its it . But in reality market doesn't care about your indicators . When the coin is countinuously going down despite our chart is saying it will bounce back, then the people who only relies on technical analysis freeze at this point they don't know what to do then instead of taking small calculated loss they hold on lossing position, hoping for reverse and gets liquidified . At the end of the day TA is only 20% and 80% is patience, discipline and mindset.

[Judith87403]

Op and the guys replying are true that most of the beginners don't want to hear. They think technical analysis is the only thing in trading they memorize some charts and strategies and for them its it . But in reality market doesn't care about your indicators . When the coin is countinuously going down despite our chart is saying it will bounce back, then the people who only relies on technical analysis freeze at this point they don't know what to do then instead of taking small calculated loss they hold on lossing position, hoping for reverse and gets liquidified . At the end of the day TA is only 20% and 80% is patience, discipline and mindset.

This here is a very crucial part that a lot of traders often ignore. Technical analysis can indeed be very helpful when it has to do with market entries and exits, but these analysis are only useful to those traders who are able to control their emotions. Making profits isn’t just enough in trading, are you disciplined enough to make good use of your profits or do you just put them back into the market to chase a much higher profit? Knowing fully well that no matter how good your strategy is, you can never remain in profits forever, there’ll always be times that you also make some losses too, so during this time, are you able to stay disciplined and know when to cut your losses or you just rather flow with the tide.

[Plutomanian]

This here is a very crucial part that a lot of traders often ignore. Technical analysis can indeed be very helpful when it has to do with market entries and exits, but these analysis are only useful to those traders who are able to control their emotions. Making profits isn’t just enough in trading, are you disciplined enough to make good use of your profits or do you just put them back into the market to chase a much higher profit? Knowing fully well that no matter how good your strategy is, you can never remain in profits forever, there’ll always be times that you also make some losses too, so during this time, are you able to stay disciplined and know when to cut your losses or you just rather flow with the tide.

Discipline do comes first if you're planning to secure a solid grounded foundation in trading. I know it's not easy following the upward and downward movement of the market, one is not just proud of how the market have turned out to look like in recent years but there's nothing to complain about because it's not going to help, rather implement means to adapt and making good runnings for the market, it's simple to acknowledge our level and trading strategy in the market.

Trading is beyond technical analysis? Oh yes I concord and it's also beyond fundamental analysis, this is no longer the time to be sticking to strategies, also know the principles to understand and grabbed because any slide mistake, a losses comes in. The market is wide and we do anything to keep our head up in it.

[Alphakilo]

Op and the guys replying are true that most of the beginners don't want to hear. They think technical analysis is the only thing in trading they memorize some charts and strategies and for them its it . But in reality market doesn't care about your indicators . When the coin is countinuously going down despite our chart is saying it will bounce back, then the people who only relies on technical analysis freeze at this point they don't know what to do then instead of taking small calculated loss they hold on lossing position, hoping for reverse and gets liquidified . At the end of the day TA is only 20% and 80% is patience, discipline and mindset.

This here is a very crucial part that a lot of traders often ignore. Technical analysis can indeed be very helpful when it has to do with market entries and exits, but these analysis are only useful to those traders who are able to control their emotions. Making profits isn’t just enough in trading, are you disciplined enough to make good use of your profits or do you just put them back into the market to chase a much higher profit? Knowing fully well that no matter how good your strategy is, you can never remain in profits forever, there’ll always be times that you also make some losses too, so during this time, are you able to stay disciplined and know when to cut your losses or you just rather flow with the tide.

I always consider the knowledge of risk management skills first, before I include psychological discipline and then TA, which gives reason enough to start or enter a trade.
 Risk management will help protect capital and make a trader know when to go much deeper or refrain from going further into more trading activities at any moment due to frequency of loss or profit and without psychological discipline, the ability to successfully profitably reproduce and repeat more than once, the brilliance of yesterday's profitable trade, becomes absent despite the knowledge of risk management and knowledge of TA being present.
All three knowledge and the proper use of it is very essential to be a successful and professional trader.

[AmoreJaz]

Op and the guys replying are true that most of the beginners don't want to hear. They think technical analysis is the only thing in trading they memorize some charts and strategies and for them its it . But in reality market doesn't care about your indicators . When the coin is countinuously going down despite our chart is saying it will bounce back, then the people who only relies on technical analysis freeze at this point they don't know what to do then instead of taking small calculated loss they hold on lossing position, hoping for reverse and gets liquidified . At the end of the day TA is only 20% and 80% is patience, discipline and mindset.

This here is a very crucial part that a lot of traders often ignore. Technical analysis can indeed be very helpful when it has to do with market entries and exits, but these analysis are only useful to those traders who are able to control their emotions. Making profits isn’t just enough in trading, are you disciplined enough to make good use of your profits or do you just put them back into the market to chase a much higher profit? Knowing fully well that no matter how good your strategy is, you can never remain in profits forever, there’ll always be times that you also make some losses too, so during this time, are you able to stay disciplined and know when to cut your losses or you just rather flow with the tide.

Technical analysis can be helpful but when you are dealing with alts, you need to know its foundation or background because most of the time they won't follow the technical part of trading. As they have their own decisions on this part, like possible dump or exit, their holders won't know, right? So this one is quite tricky in my opinion.

In my years of trading, TA will only be helpful if the project you are dealing with have been in the market for so long already. But for new ones, most of the time, it would be instincts that you will need and your knowledge about the background will be your armor in gauging their performance in the market.

[Cgrexp]

Op and the guys replying are true that most of the beginners don't want to hear. They think technical analysis is the only thing in trading they memorize some charts and strategies and for them its it . But in reality market doesn't care about your indicators . When the coin is countinuously going down despite our chart is saying it will bounce back, then the people who only relies on technical analysis freeze at this point they don't know what to do then instead of taking small calculated loss they hold on lossing position, hoping for reverse and gets liquidified . At the end of the day TA is only 20% and 80% is patience, discipline and mindset.

This here is a very crucial part that a lot of traders often ignore. Technical analysis can indeed be very helpful when it has to do with market entries and exits, but these analysis are only useful to those traders who are able to control their emotions. Making profits isn’t just enough in trading, are you disciplined enough to make good use of your profits or do you just put them back into the market to chase a much higher profit? Knowing fully well that no matter how good your strategy is, you can never remain in profits forever, there’ll always be times that you also make some losses too, so during this time, are you able to stay disciplined and know when to cut your losses or you just rather flow with the tide.

I always consider the knowledge of risk management skills first, before I include psychological discipline and then TA, which gives reason enough to start or enter a trade.
 Risk management will help protect capital and make a trader know when to go much deeper or refrain from going further into more trading activities at any moment due to frequency of loss or profit and without psychological discipline, the ability to successfully profitably reproduce and repeat more than once, the brilliance of yesterday's profitable trade, becomes absent despite the knowledge of risk management and knowledge of TA being present.
All three knowledge and the proper use of it is very essential to be a successful and professional trade

Even if we analyze very well, if there is no excess risk in the trade, a large part of the capital can be lost even with a slight mistake, which is why risk management should be given top priority. And only if we can preserve the capital can we take advantage of future opportunities. If there is mental discipline, it is easy to follow the plan, but excessive fear and excessive confidence can break the discipline. Excessive fear and confidence will tempt us to sell or buy suddenly. Therefore, we need to make a process where profit and loss can be followed stably even if there is fluctuation. Only making profit is not the main goal.

[Hatchy]

In my years of trading, TA will only be helpful if the project you are dealing with have been in the market for so long already. But for new ones, most of the time, it would be instincts that you will need and your knowledge about the background will be your armor in gauging their performance in the market.

I guess using market data would be a proper term to use rather than instincts. In a market as volatile as the crypto market, using your instincts increases your chances of losing. For coins that are new in the market, most experienced investors using things like market Cap or their trading volumes. This helps them know the total number of investors who are involved in that particular coins. You still can ever be too sure. In these kind sof market technical analysis might be a bit complex. You have very little chart data to study or draw your analysis from so you have to combine other data to get a complete view of the future of such projects. But just to save yourself the stress, you could opt to only trading coins with more visible data..

[Junii]

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

Trading is not just about technical or fundamental no doubt these two are the pillars but the most important pillar before these two is the mindset. Works on psychology is very important because sometimes the fundamentals and technical are on track but still majority of peoples ended up in loss due to Fear of of missing out (FOMO) and greed . Always use stop loss  because survival in the market is more important then big profits. Make a proper strategy that works good whether it is ICT or support or resistance or whatever it is do a lot of practice on it in demo and then use it in a real market. If the market matches your strategy 100% then trade if there is 1% mismatch with your strategy do not trade. Always keep in mind that a trader knows what he is doing if you just open a trade and you don't know what the f**k you are doing and you starting praying to GOD waiting for a miracle and rely on luck just close the trade.

[SuperBitMan]

In my years of trading, TA will only be helpful if the project you are dealing with have been in the market for so long already. But for new ones, most of the time, it would be instincts that you will need and your knowledge about the background will be your armor in gauging their performance in the market.

But just to save yourself the stress, you could opt to only trading coins with more visible data..

You are right, if you want to actually safe yourself the stress you trade crypto coins like bitcoin because I believe bitcoin is more easy to predict than new crypto coins however, some traders believe that trading new coins is were you can make quick money and that’s actually true but it’s also very risky, it is true that you can make quick money from this new crypto coins but you can also lose quick money from those new crypto coins .
Trading is risky and I believe every trader knows that already and which ever way they choose to trade is actually their cup of tea ( their business ).

[Powerjumboo]

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?

You have said very well about trading I think your explanation about trading will be very useful for both a new and an old person. But at the same time I want to add that you cannot trade with emotion in the trading platform and I want to add that you cannot be too greedy in the trading platform. When a person trades with emotion in the trading platform and is too greedy in the trading platform, then that person will suffer. Till date, no one has achieved success by trading with emotion and being too greedy in the trading platform.

[wozzek23]

Op and the guys replying are true that most of the beginners don't want to hear. They think technical analysis is the only thing in trading they memorize some charts and strategies and for them its it . But in reality market doesn't care about your indicators . When the coin is countinuously going down despite our chart is saying it will bounce back, then the people who only relies on technical analysis freeze at this point they don't know what to do then instead of taking small calculated loss they hold on lossing position, hoping for reverse and gets liquidified . At the end of the day TA is only 20% and 80% is patience, discipline and mindset.

80% is patience, but you are saying that it is wrong to hold. It isn't though, as long as what we are holding, is also a good crypto. So, 80% is too much to be allocated on patience. It should be divided in knowledge too, and some others. Even though trading is known like that (fully paced) but everyone is still free and can create their own rules.

Market literally won't care because it is not a human like us that have an emotion, and then different factors can affect it, so memorizing it like that is no use. Other patterns are still a bit fix though like the 4-year cycle for example. We may consider them as that can have an impact in our trades too.

[ASloveapg]

In my years of trading, TA will only be helpful if the project you are dealing with have been in the market for so long already. But for new ones, most of the time, it would be instincts that you will need and your knowledge about the background will be your armor in gauging their performance in the market.

But just to save yourself the stress, you could opt to only trading coins with more visible data..

You are right, if you want to actually safe yourself the stress you trade crypto coins like bitcoin because I believe bitcoin is more easy to predict than new crypto coins however, some traders believe that trading new coins is were you can make quick money and that’s actually true but it’s also very risky, it is true that you can make quick money from this new crypto coins but you can also lose quick money from those new crypto coins .
Trading is risky and I believe every trader knows that already and which ever way they choose to trade is actually their cup of tea ( their business ).

Trading is a very volatile process. When the market fluctuates a lot, decisions have to be made in a short time. It may seem easy to predict the movement of Bitcoin, but it is not realistic for everyone. Bitcoin's movement may seem easy compared to other coins. However, in reality, trading is not suitable for everyone. There is a possibility of profit in a short time as well as a possibility of loss, and it is more risky for those who trade with the necessary money and are not ready to lose it. The decision is each person's own, but everyone should make a decision within their own capabilities.

[el kaka22]

This can be useful for new traders but I doubt if new traders would really spend time reading through. New traders are usually impatient. They want everything to happen fast. They would take risk, blow their accounts and still continue the same mistake. Only a handful of these new traders are the ones who actually generate any profits. Only these few stick close to the markets and others start badmouthing trading just because they had loss.

New traders lack knowledge and experience. They should really take it seriously to get some experience before they could even think about making any money. My only advice for these new traders would be to be patient. Good things will come your way if you wait for them. You can't benefit just by rushing or taking aggressive decisions. Sit back, have a chilled beer and give it a thought.