No good entry but you just want to trade

[masulum]

-snip-

Sometimes, you might be able to make profits using these indicators but I would recommend you to not inculpate the habit of using indicators every time you trade. You can be much more experienced if you stop using these indicators.

someone tell me, you just need to see lower price and higher price to decide to buy and sell. i think this is more simple way to make a decision to buy than using a lot of indicator and time frame, because in the end the price action not from indicators but a trader activity. but, another will say buying crypto must be using more than one indicators to see the confirmations. I don't say both arguments is wrong, just we can see how traders look at the price chart from different view. following the first or the second opinions is not problem, just follow the right things based on ourself decision and perspective.

[Strongkored]

Some traders know about this, but because they haven not made money in a day, they will go against the indicators and open the position at any without a clear analysis that signals entry. Most of the time that I do this when I was a day trader, I usually lose money. What about you?

It's unfortunate if a trader knows the conditions aren't favorable for opening a position but forces it simply because they haven't made a profit that day.
Even though being a day trader doesn't mean you have to trade every day and make a profit every day, in my opinion, day trading is intended to generate profits faster than investors.

[SOKO-DEKE]

Some traders know about this, but because they haven not made money in a day, they will go against the indicators and open the position at any without a clear analysis that signals entry. Most of the time that I do this when I was a day trader, I usually lose money. What about you?

If someone has knowledge about a particular situation and is trying to act against it, how should I view such a person? I would simply believe that it is a lack of understanding, because I don’t see any reason why someone would know that this is not the best time to trade and still go against it only to regret it later.Any trader who behaves this way, feeling they must make money daily or trade at any time despite knowing conditions are not favorable, appears to me as a beginner, even if they claim to be knowledgeable.Why would I see something that could harm me and still go towards it direction? In fact, I would call this kind of trader a gambler. They are just relying on luck in trading nothing more.Trading is about targeting the right time. Although it is not easy to find the right opportunities in the cryptocurrency market, with the right information, traders can find their way.

[tvplus006]

...Some traders know about this, but because they haven not made money in a day, they will go against the indicators and open the position at any without a clear analysis that signals entry. Most of the time that I do this when I was a day trader, I usually lose money. What about you?..

This is a typical mistake that beginners make. The desire to open a large number of orders during the day, as a rule, leads to the loss of the deposit. Admittedly, I made a similar mistake when I decided to start trading. But thanks to the analysis of unprofitable deals, I realized that the long should open from the support level and, accordingly, the short from the resistance level, and not when the price is in the middle of the channel.

[Wiwo]

Trading to some is gambling, which means that to them the unpredictability of cryptocurrencies market is a plus and a chance for them to take whatever risks and still expect to get a positive result from such a position.

Sometimes, it works out for them, but most times reverse is always the case, they losemuch more than expected,  so going against indicators or following it, the result could be different from the traders expectations and only luck Sometimes brings about the reality of the trade if it will favour you as a trader.

[Awaklara]

Trading to some is gambling, which means that to them the unpredictability of cryptocurrencies market is a plus and a chance for them to take whatever risks and still expect to get a positive result from such a position.

Sometimes, it works out for them, but most times reverse is always the case, they losemuch more than expected,  so going against indicators or following it, the result could be different from the traders expectations and only luck Sometimes brings about the reality of the trade if it will favour you as a trader.

That can happen. But maybe not for traders who always trust and utilize analysis when opening trading positions. It is difficult for day traders who may not get a signal to enter the market. Of course, there is a tendency for them to force their way into the market to make a small profit. As you said, there are also traders who rely on their luck. Besides skill, patience is also very important for traders to have. We have to know when to wait for the right time to enter the market.

[NotATether]

This is a typical mistake that beginners make. The desire to open a large number of orders during the day, as a rule, leads to the loss of the deposit. Admittedly, I made a similar mistake when I decided to start trading. But thanks to the analysis of unprofitable deals, I realized that the long should open from the support level and, accordingly, the short from the resistance level, and not when the price is in the middle of the channel.

You know, you can even open too many orders with a small take profit and still lose long term.

Because those positions which hit your stop loss will falsely trigger it several times before rebounding slightly, so this will cause your trades to look more unprofitable than they actually are.

I haven't found a good solution for this problem, besides opening only a few, wide positions with 1:1 take profit  / stop loss distance, but that is something more applicable to binary options markets, not to extremely volatile markets such as crypto prices.

[shawonngp]

Since I don't day trade now, I don't analyse market indicators very seriously. I buy when I see a low price and a good entry moment, then hold for a few days. If I see I have some profits, then I will sell. Daily trading seems very complicated and risky to me, because the market can go up or down in a minute, so you can't predict it just by relying on indicators and your analysis. Consistently generating profit from day trading is so tough that even experienced traders lose. And beginners should not do day trading. Day trading is mentally stressful and can lead to losses due to wrong entries and mistakes.

[Hamza2424]

Many traders have different indicators they use before they open position or trade. A good example of it is overbought and oversold market which BB, RSI and few other indicators are used for. Another one is the trend direction which MA and EMA and few other indicators are used for. Another one is the Fibonacci retracement which is used by traders to know the support and resistance of a coin to know if they should use it to enter a position. Another one is the price action which is the increasing trading volume of a coin that can indicate buy.

Not all days there will be signals to enter market but day traders can be very greedy with impatience. Also the signal may not come early but later come in the afternoon or evening.

Haha, you just described what professional traders call indicator shopping, or maybe they use another term, and then abandoning the approach entirely just because they are not seeing results fast enough.

Anyway bro, the indicators are not the problem, discipline is. The indicators you mentioned are all useful tools with decades of proven application, but a tool is only useful if you use it consistently. Having no patience means we are going to override our own system, and we won't be following our strategy anymore. Saving money on low-quality days should be our main goal instead of making money, because if we open our chart that day and close it after looking, we are doing a big favor to ourselves haha.

[Alphakilo]

Many traders have different indicators they use before they open position or trade. A good example of it is overbought and oversold market which BB, RSI and few other indicators are used for. Another one is the trend direction which MA and EMA and few other indicators are used for. Another one is the Fibonacci retracement which is used by traders to know the support and resistance of a coin to know if they should use it to enter a position. Another one is the price action which is the increasing trading volume of a coin that can indicate buy.

Not all days there will be signals to enter market but day traders can be very greedy with impatience. Also the signal may not come early but later come in the afternoon or evening.

Haha, you just described what professional traders call indicator shopping, or maybe they use another term, and then abandoning the approach entirely just because they are not seeing results fast enough.

Anyway bro, the indicators are not the problem, discipline is. The indicators you mentioned are all useful tools with decades of proven application, but a tool is only useful if you use it consistently. Having no patience means we are going to override our own system, and we won't be following our strategy anymore. Saving money on low-quality days should be our main goal instead of making money, because if we open our chart that day and close it after looking, we are doing a big favor to ourselves haha.

This is a warfare of the human psychology, because trading when one feels bored or feels impatient is more like gambling than trading.
That's why it is proper to at least limit oneself to one high quality setup per day, use price alerts that one have set price in the order blocks or fair value gap, this should pop up over screen time and lastly, it is a great practice to always check the spread to get a signal before entering a trade, this makes trading be more professional than just a game of wits and probability.

[Judith87403]

Trading is Something that should be taken seriously but for some reason reasons they want. A lot of traders have lost valuable amount of money because they don't analyze their trade or have a good entry before they execute. There are lot of beginners that have Also given up on trading and wish they could find something else to do. It is important to have a good entry when gambling and not just gambling because they are bored or just doing it out of greed. Every decision made when trading should be calculated and well analyzed

Sometime in trading, the entries are not always that visible, and you just gotta depend on your guts. But this isn't always a bad thing but the trader must ensure that they apply a great level of risk management, knowing that there are not visible entries, the risks are higher and losses can come in real fast if one doesn't apply extreme caution, and if you ever figure out that things are not going as planned, exit the market immediately, else it might just only get worst.

[r_victory]

I see no reason for impatience when it comes to the cryptocurrency market, which, unlike the common market, such as the stock market, operates 24 hours a day. If a trader moves based on signals and those signals aren't indicating a good time to trade, they shouldn't rush into it. When I buy, my focus is on the long term, so I don't cling to daily signals.

[jossiel]

That is aggressive and impatient if the indicators you are following are not being followed anymore because you can't wait to profit on that day.

This is one of the disadvantages when traders have started to lose their patience. Trust yourself that you'll lose money repeatedly if you see signs of losing your patience.

[Dr.Bitcoin_Strange]

You have already said the reason why most traders go into a trade meanwhile that was never a proper entry,  most traders don't want a day to pass without them making any profit and that's why they take risky entries so that they can catch some profit for that day, that's the reason I lost most of my trades the month before April. Discipline and patients is one thing that is making more traders, not to be profitable. I do fall into this category at times, just to catch small profit but I will lose instead.

[taufik123]

-snip-
Anyway bro, the indicators are not the problem, discipline is. The indicators you mentioned are all useful tools with decades of proven application, but a tool is only useful if you use it consistently. Having no patience means we are going to override our own system, and we won't be following our strategy anymore. Saving money on low-quality days should be our main goal instead of making money, because if we open our chart that day and close it after looking, we are doing a big favor to ourselves haha.

But the use of indicators must also be done correctly, because some people only know about an indicator but cannot use it according to its function and usefulness.
After knowing what the indicator is made for, then create a trading strategy as desired with the discipline applied.

People who don't apply discipline to their trading strategies, will only trade in the dark, not following the predetermined signs.

I also try to stay disciplined with the strategies I made before, so that I will avoid random trades with no direction and without a purpose where to take profits and where to buy.
If discipline is not applied, it will really be a detrimental trade in the end.

[Bitcoin_people]

I don't use indicators much while trading, although I don't pay much attention to it. Many times, people use this type of indicator to enter at the wrong time and lose half of their money. Although it looks attractive, I still think that using this method has a high probability of loss, which is why I refrain from using indicators. However, in order to survive in the market, it is very important to be patient with yourself, if you trade impatiently, you will always lose money and there will be no hope of profit. When you can make a small amount of money by day trading, if you use indicators with the hope of making a high amount of money, it can be a wrong idea and you can lose money here. That is why I think it is better to trade from your own experience rather than doing such a setup and it will be risk-free for your own money. It is best to trade small amounts constantly, as there is a possibility of loss if you use such indicators.

[Ndabagi01]

Some traders know about this, but because they haven not made money in a day, they will go against the indicators and open the position at any without a clear analysis that signals entry. Most of the time that I do this when I was a day trader, I usually lose money. What about you?

Not all days there will be signals to enter market but day traders can be very greedy with impatience. Also the signal may not come early but later come in the afternoon or evening.

Patience is one of the qualities of a good trader, if you’re impatient and wants to trade, you’re most likely going to make mistakes again and again and will continue to lose money. Signals are suppose to guide you through when you’re suppose to take your entry in the market but when you decided to go against them, you’ll most likely lose money.

Day traders that are impatient are the ones that suffers this the most, but if you’re not that type of trader, you won’t have a problem with taken trades too early out of desperation to make money from the market. If you have a strategy, you should stick to it and make sure you don’t go against the signals that gives you sign to enter a trade in the market. It is just a matter of time, your market will reach that price you want to take your entries from. Taken trades too early or being impatient to enter trade is very disastrous to your trades.

[Karl_3000]

Patience is one of the qualities of a good trader, if you’re impatient and wants to trade, you’re most likely going to make mistakes again and again and will continue to lose money.

This is the reason traders will always lose because they do not want to hold but they prefer to use their weekly earnings to trade. Someone that is looking for money as a scalper or day trader show enough that the person is not patient. Just hold bitcoin and make money from it than to trade and be losing. Money in trading is not guaranteed at all.

[GreatArkansas]

"Not every time is always good to trade."
This is a common problem for traders. For example, after they close their long trade position = it doesn't mean that they are already bearish, or you can open a short position after, or vice versa. That's not how it works.

Another thing, valid signals may come later, not immediately. Not every day offers good opportunities.

[Big Dirams]

"Not every time is always good to trade."
This is a common problem for traders. For example, after they close their long trade position = it doesn't mean that they are already bearish, or you can open a short position after, or vice versa. That's not how it works.

Another thing, valid signals may come later, not immediately. Not every day offers good opportunities.

A responsible trader always weigh many factors before trying of opening an entry they don’t just walk into the market and see an opportunity and just open an entry nope that not what a trader should do.  Not everyday is good opportunities to trade and I do agree with you on that because some times when we don’t see a well structured opportunities to place an entry it better to stay off the market for that day and we can go again next day afterall there are many opportunities in the future so let not waste our equity on some entries that ain’t worth it let stay off. 
 A lot of opportunities can come in the future and one thing I would like to advice the new traders in the house is that no matter how reliable a strategy might be or how strong the source of the strategies might look before placing an entry let not stake with high lots size just because we trust the strategy let apply minimum value to our equity for long journey.