No good entry but you just want to trade

[jcojci]

Not all days to enter markets as we need preparation. If we can't get signs from indicators, no need forcing us to trade, makes us in a risk because we don't know where the market moves. We could pick the wrong coin and making us in a hold for some time without we can take profit.

If I can't analyze and get a clear sign, I will take a rest from market and sleep. That is good for my minds as I don't thinks about entering the market and can prepare for the next trade.

I can't be a day trader as I don't have good skills but I can analyze market and find the time to trade. Although that is not always guarantee me to profit but at least, I can find the time to enter market.

[Negotiation]

When a trader does not get a good opportunity all day, his brain starts looking for patterns on the chart that are not there which is when the wrong entries occur. That is why I think you should not take too much risk on a day when there is no clear signal in the market, and even consider not trading on that day as a big victory. Remember protecting capital is also a kind of profit because only if you have money, you can take the opportunity the next day. I do not take too much risk and sometimes when I make mistakes I practice my strategies on a demo account. This will satisfy your desire to trade and there will be no loss of real money this is very useful during this time of gaining skills.

[Finebone]

When a trader does not get a good opportunity all day, his brain starts looking for patterns on the chart that are not there which is when the wrong entries occur. That is why I think you should not take too much risk on a day when there is no clear signal in the market, and even consider not trading on that day as a big victory. Remember protecting capital is also a kind of profit because only if you have money, you can take the opportunity the next day.

I will mostly blame this type of attitude when a trader takes trading as his only source or means of making money, because since he has bills to pay, and one two of his basic needs is on his neck, he would want to trade and be hoping to make money from it when in reality, their is no good entry position in the market. So it's very important that a trader is not solely dependant on trading for survival, so that he wouldn't dive into a trade he shouldn't have entered in the first place, because by doing so, he will lose more money than he even thought of.

[SquallLeonhart]

When a trader does not get a good opportunity all day, his brain starts looking for patterns on the chart that are not there which is when the wrong entries occur. That is why I think you should not take too much risk on a day when there is no clear signal in the market, and even consider not trading on that day as a big victory. Remember protecting capital is also a kind of profit because only if you have money, you can take the opportunity the next day. I do not take too much risk and sometimes when I make mistakes I practice my strategies on a demo account. This will satisfy your desire to trade and there will be no loss of real money this is very useful during this time of gaining skills.

No loss is obviously better than some loss, and people need to understand this thing. When we say we are day traders, it doesn't necessarily mean that we have to make trades every single day of the week, but it just means that we are short-term traders, and we don't hold our trades longer than a day, but if there is a time in the market when we know there are no proper trading opportunities available, we shouldn't do it, because it doesn't make any sense. If you want to become a good trader, you will need to learn to stay patient, and wait during times and situations when you are not supposed to make any trades.

A good trader is a trader that understands and implements this in their journey, even if they are day trading, they won't trade during days when the market is too unpredictable, because they know they are not going to be able to make any profits in such a market, so they wait until things start to get better, and they get some signal that they know is going to allow them to make some profits, and then they will go for it, because if you try to find patterns that don't actually exist, you will force yourself into it, and that is not a good thing.

[nara1892]

Yes, the biggest test for a day trader is patience. Like it or not, they must patiently wait for the perfect moment, even though the time available (one day) is limited. Sometimes, some traders force the situation, such as entering the market when there's no opportunity to open a trade, ultimately resulting in their predictions being wrong. I've experienced this myself.
My advice to everyone here, especially day traders, is that it's better not to open a position than to open one without a clear rationale from your analysis.

[Cyber_warrior]

I will mostly blame this type of attitude when a trader takes trading as his only source or means of making money, because since he has bills to pay, and one two of his basic needs is on his neck, he would want to trade and be hoping to make money from it when in reality, their is no good entry position in the market.

I always encourage traders to have more than a source of income, depending only on trading isn’t a good idea to me because you going to make some crazy decisions sometimes just because that’s the only source of income you have.

As a trader that depends only on trading as the only source of income, you will want to be trading every day, because you going to be desperate to make profits because you have bills to pay, and as a trader you are not even suppose to trade everyday, whenever you notice  the market condition isn’t favorable, just ignore trading for that period, but people that depend on trading alone will want to take risk even during periods like this.

Normally we are not even suppose to have one source of income even if we are not a trader, having multiple sources of income is just the best, if you are not making money from one, then other sources will be paying your bills.

[Humman001]

Trading is not something to be taken lightly it is a matter where every decision has to be made carefully. Many traders have suffered huge losses simply because they did not do proper analysis, did not find good entry points, or made decisions based on emotions.

Many beginners, especially, get frustrated and think about quitting trading after seeing losses in the beginning. The main reason for this is that they often enter trades without a plan. Therefore, it is important to understand the market, calculate the risk, and ensure the right entry before trading. If you trade just for greed, resentment, or the hope of quick profits, it is no longer an investment, but rather like gambling. There should be logic, patience, and a clear plan behind every trade.

[bitgolden]

If you can't find something that is good to do, but you are dealing with something that is basically just whatever you want to trade with, then it is not going to be good at all, you are going to end up with some bad mistakes.

Do not get in just because you want to get in, that is not a good reason to trade and you will not be happy about it, and the results will not be good at all. If only you see something that looks like a possible way to make money, then you should go in, otherwise it makes no sense at all.

[The Cryptovator]

It doesn't necessarily mean your entry always will be good; rather, your exit should be good. For day traders it's important to take entry at the right time, but for long-term holders or long traders it doesn't matter. If you always look for a good entry and wait for the bottom, then probably you won't find the bottom and can't take entry as well. I admit you have to do minimal research before taking an entry, because if you take an entry on ATH, then probably it won't be a day trader and might need to be held longer.

For me, after entry, if the market shows a negative impact, rather than selling at a loss, I move forward to hold it until I can make money. I have taken lessons from the shitcoins; we shouldn't take entry on shit if we aren't pro traders. I am not good at day trading, but holding is better for me. I made money from holding, though sometimes I do day trade, but very rarely.

[SamReomo]

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?

Without doing proper technical analysis it's not good to open a position. I personally use indicators like RSI, BB, and Volume and those three indicators are enough for me to understand the conditions of the market.

Although, I'm more like into swing trading instead of that day trading but those indicators work pretty well for be at least 7-8 out of 10 times. I've changed parameters of those indicators according to my personally strategy and those work pretty well for me.

[Bushdark]

If you can't find something that is good to do, but you are dealing with something that is basically just whatever you want to trade with, then it is not going to be good at all, you are going to end up with some bad mistakes.

Do not get in just because you want to get in, that is not a good reason to trade and you will not be happy about it, and the results will not be good at all. If only you see something that looks like a possible way to make money, then you should go in, otherwise it makes no sense at all.

Trading without any good entry can look like suide mission. I know people are still trading without having any setup or trading strategy that will signal a buy or sell other for them. Having the mindset of entering the market with no setup will look like gambling, hoping on luck for you to be profitable.

The market is always becoming sophisticated by the day due to the engagement of big traders and politicians in the market.
These politicians and whales are the ones that are controlling the market and because of this, it has made technical traders to be having less successful traders because of how easy the market can change pattern at anytime.

[Big Dirams]

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?

Without doing proper technical analysis it's not good to open a position. I personally use indicators like RSI, BB, and Volume and those three indicators are enough for me to understand the conditions of the market.

Although, I'm more like into swing trading instead of that day trading but those indicators work pretty well for be at least 7-8 out of 10 times. I've changed parameters of those indicators according to my personally strategy and those work pretty well for me.

Making a proper analysis before opening a position is a smart decision either being a day trader or swing trader let make sure we make proper research and check out many factors like economical news and others. All this little factors also plays a vital role in the market movement because they can switch market movement within short period of time and if we don’t put all this factors into consideration then we might have the right and perfect strategy but we would end up facing loss at the long run.

[Ishicryptic]

When a trader does not get a good opportunity all day, his brain starts looking for patterns on the chart that are not there which is when the wrong entries occur. That is why I think you should not take too much risk on a day when there is no clear signal in the market, and even consider not trading on that day as a big victory. Remember protecting capital is also a kind of profit because only if you have money, you can take the opportunity the next day. I do not take too much risk and sometimes when I make mistakes I practice my strategies on a demo account. This will satisfy your desire to trade and there will be no loss of real money this is very useful during this time of gaining skills.

This is why I say that people should not take trading as a major source of income because they will be desperate to enter their trade whether it's favorable or not and in the end they will most likely experience loses. Trading requires patience which is something that a lot of trader who are relying on profit to survive doesn't have therefore it is better to trade as a side hustle so that if it's not convenient for you to enter your trade you will just relax. A lot of newbies that jumps into trading because they think that making money in it is very easy are the ones who enter trade without any caution and they will blow their accounts first before learning the hard truth that trading is risky.

[gabbie2010]

Well personally I don't use any of those indicators for my entry especially RSI, MACH, Stochastic Oscillator etc because in a trending market they tend to fail by giving a false signal, once you entered a trade price reverses temporarily before continuation thus Stop Loss is hit,
I usually frame my trading bias from higher timeframe Daily or weekly timeframe to 4hr timeframe and 15minutes timeframe for entry thus my entry is based on Turtle-soup and break in structure or Order Block once these played out while price breaks out and retouched Order block after Turtle-soup is confirmed that is a perfect entry for me without any indicator, this is based on ICT model most importantly I have to exercise Patience before  triggering a buy or sell button.

[Cgrexp]

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?

Without doing proper technical analysis it's not good to open a position. I personally use indicators like RSI, BB, and Volume and those three indicators are enough for me to understand the conditions of the market.

Although, I'm more like into swing trading instead of that day trading but those indicators work pretty well for be at least 7-8 out of 10 times. I've changed parameters of those indicators according to my personally strategy and those work pretty well for me.

Making a proper analysis before opening a position is a smart decision either being a day trader or swing trader let make sure we make proper research and check out many factors like economical news and others. All this little factors also plays a vital role in the market movement because they can switch market movement within short period of time and if we don’t put all this factors into consideration then we might have the right and perfect strategy but we would end up facing loss at the long run.

It is good to have knowledge about the market situation before entering into trading. Because when someone sees the market rise and fall in reality, he will understand how he has to make decisions accordingly and how capable he is of making correct decisions. Therefore, one should have his own plan and risk management should be done. There is no need to trade with a huge amount of money at first. If someone decides to trade, he can start trading with a small amount of money first. And by starting with a small amount, he can check his mentality and ability to properly handle market fluctuations if he invests a large amount of money. And the amount can be increased as his experience increases with a small amount of money.

[Abu-Naim]

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.

I know so many traders that claim to be professional traders and owns trading channel on social media handles that have gone so low for now because of the market conditions, they finds it difficult to get good entries that will give them good profit, and they have followers waiting for them to drop signals. They have to hold on for now in order to be safe because if they aren’t sure if their signals, they will lose their reputation.

While some greedy day traders are always looking for entires where there is no one, they just want to trade by all means; and majority of them are losing money on these trading, but they have that believe that they can make it with one trade if they keep trying which is very wrong because they are losing money gradually.

[alastantiger]

Yes, the biggest test for a day trader is patience. Like it or not, they must patiently wait for the perfect moment, even though the time available (one day) is limited. Sometimes, some traders force the situation, such as entering the market when there's no opportunity to open a trade, ultimately resulting in their predictions being wrong. I've experienced this myself.
My advice to everyone here, especially day traders, is that it's better not to open a position than to open one without a clear rationale from your analysis.

Why will a trader decide to enter a trade that he does not see any good entry only because they just want to trade, this is the reason why I advise anybody that is joining trading newly to have something that they are doing so they don't have to solely rely on trading. If you have other businesses you can always try doing them when you don't see an opportunity in the market but if you have only trading as your business then you always want to enter the market even when the market is not showing any good sign. It does not matter if you are a day trader or not patience should always be exercise if not you will regret the decisions that you made while trying to fulfil your desire of trading. Trading is quite addictive that is why we have to observe ourselves and always keep a healthy behaviour to avoid over trading only because we are trying to make money. The market is not going to understand if you are still a new trader or not it will just treat you like everyone else and when you become a victim it will make you regret trying to gamble in disguise that you are trading.

[ZAINmalik75]

I don't like relying on Indicators for my trades as most times they tend to give false signals about price which most people tend to risk on and lose money. Also they make my chart a bit too messed up. I've seen people who used them and from what I can say it's not as interesting as it looks. Regardless of that, having patience in the market weather you trade using indicators or not is very vital. When there's no good setup that matches your trade criteria, it's best to stay away and keep your capital which is the most valuable part of your tradings journey. Take for example last week I only got a single entry in the early wake of the week. After that I barley saw any other entry so I called it a week. You don't force the market, you wait for it to present you opportunities to make profits.

Indicators never tell us where the price is going to be in the next few hours or minutes, it gives us data that has been made for. It is we who use that data to convert it into information and then predict the next move of the coin based on that data. So if we are processing the data right mean if we are not using any knowledge to gain useful information from what these indicators are telling then we are going to get false signals about the price so it is on us not on the indicators they are just tools to get information about others and numbers.

If you are not using indicators then what is your way of analyzing the market from technical point, because you said you got a signals for entry did you get it from your indicator or from some group?
We definitely wait for the opportunities to make us profit but we just don't sit on our balls we have to look for them too.

[justdimin]

Indicators never tell us where the price is going to be in the next few hours or minutes, it gives us data that has been made for. It is we who use that data to convert it into information and then predict the next move of the coin based on that data. So if we are processing the data right mean if we are not using any knowledge to gain useful information from what these indicators are telling then we are going to get false signals about the price so it is on us not on the indicators they are just tools to get information about others and numbers.

If you are not using indicators then what is your way of analyzing the market from technical point, because you said you got a signals for entry did you get it from your indicator or from some group?
We definitely wait for the opportunities to make us profit but we just don't sit on our balls we have to look for them too.

It tells us where it "should" be going, sure it could be wrong, but that is the whole point of indicators, to tell us where it is going. Could it do minutes? Well if you take the candles very quick then it might, but usually for an hour or so, you will know where the direction should be, and what the market is thinking about.

Of course there are moments when it is wrong and that is why it is not a sure way of making money. If it was so guaranteed, we would all do it, use indicators, and make a profit non stop. But, because we know that it is not a guaranteed thing, we are not really seeing anything changing and sometimes it's being wrong.

[barbara44]

It seems to me that it’s important not to spread your attention across too many assets, because it can take up all your mental capacity and you might fail to react in time due to overall overload. Of course, having only 2–3 assets might make trading feel less active or exciting, but it allows you to be more effective with the ones you’ve studied well. On the other hand, if you have 10 or more assets, you can easily get lost in your own analysis.If you want, you can always add more assets to your trading when managing the existing ones has become more automated and you have the capacity to take on new ones.

Before we begin, it is seems like he is already like a dare devil newbie there. So will he ever be careful? I think he can go with the flow for now and observe things if how it was for him. That is where he decide if he will take it more seriously and change his approach if the results he got is not good. Others can continue because they get lucky but time will come they will also be like that other there.

But if about being active, it must not only be about the number of assets we have. In fact many assets can slow us down because we will be confused. Being active is about frequency of trading even if we are only dealing with a lesser asset on hand.