No good entry but you just want to trade

[nara1892]

I am also a trader who always uses indicators when trading, such as RSI and EMA. However, you are right, OP, that traders often force the situation, regardless of whether their analysis method relies on indicators or not. Yes, they often force the situation when it is not the right moment to open a position. The scenario is usually forcing the situation, losing, being emotional, and chasing losses, which ultimately leads to bankruptcy.

Chasing after profits and being desperate to make quick money isn’t a smart way to walk into trading. The outcome of such situation are not always pleasant at all. Trading deserve our emotions to be in total check and not allowing the market to tour with our emotions.
 Forcing the moments before placing an entries even when it ain’t necessary will only result into unforeseen situations that will cost us more than what brought us to the market to for such situations not to occur it better to stay on guide and maintain our discipline

Yes, it shouldn't be and should be avoided, but unfortunately, saying it is always much easier than doing it. When we're in the situation, it often feels different, and perhaps that's why traders keep repeating the same mistakes even though they know they should be avoided.
You're right that one approach to avoiding such situations is maintaining discipline, and I would also add that discipline must be combined with strong assertiveness.

[Fredomago]

I am also a trader who always uses indicators when trading, such as RSI and EMA. However, you are right, OP, that traders often force the situation, regardless of whether their analysis method relies on indicators or not. Yes, they often force the situation when it is not the right moment to open a position. The scenario is usually forcing the situation, losing, being emotional, and chasing losses, which ultimately leads to bankruptcy.

Chasing after profits and being desperate to make quick money isn’t a smart way to walk into trading. The outcome of such situation are not always pleasant at all. Trading deserve our emotions to be in total check and not allowing the market to tour with our emotions.
 Forcing the moments before placing an entries even when it ain’t necessary will only result into unforeseen situations that will cost us more than what brought us to the market to for such situations not to occur it better to stay on guide and maintain our discipline

Yes, it shouldn't be and should be avoided, but unfortunately, saying it is always much easier than doing it. When we're in the situation, it often feels different, and perhaps that's why traders keep repeating the same mistakes even though they know they should be avoided.
You're right that one approach to avoiding such situations is maintaining discipline, and I would also add that discipline must be combined with strong assertiveness.

Discipline is a must to keep your strategy inline, though emotion always present and even how good your understanding but once emotion dominate over your decision making, then there's a chance that you may follow your desire and ends up losing or making mistakes, that's why always put your guard up and follow whatever setup you make before dealing with your position.

[AmoreJaz]

I am also a trader who always uses indicators when trading, such as RSI and EMA. However, you are right, OP, that traders often force the situation, regardless of whether their analysis method relies on indicators or not. Yes, they often force the situation when it is not the right moment to open a position. The scenario is usually forcing the situation, losing, being emotional, and chasing losses, which ultimately leads to bankruptcy.

In my opinion, before you subject yourself in the trading market, make sure you are ready to embark this journey as it is not always profitable when you trade. Educate yourself as this will help you in your trading journey.

[nara1892]

Yes, it shouldn't be and should be avoided, but unfortunately, saying it is always much easier than doing it. When we're in the situation, it often feels different, and perhaps that's why traders keep repeating the same mistakes even though they know they should be avoided.
You're right that one approach to avoiding such situations is maintaining discipline, and I would also add that discipline must be combined with strong assertiveness.

Discipline is a must to keep your strategy inline, though emotion always present and even how good your understanding but once emotion dominate over your decision making, then there's a chance that you may follow your desire and ends up losing or making mistakes, that's why always put your guard up and follow whatever setup you make before dealing with your position.

Yes, the point is that discipline helps us to stay on the path that we have planned beforehand, never try to get out of that path even if for example there is an opportunity that you think is good, sometimes the market looks very easy to analyze but in fact it is only part of a short correction where when you open a position there there is a possibility that the market will reverse, this is really annoying, therefore I also now always try not to be too tempted by moments that look tempting.

[Fivestar4everMVP]

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.

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.

The truth is that when you are a full time trader who trading is his main source of income and you are already very used to waking up early in the morning, saying your morning prayer (if you do actually pray or believe in prayer), entering the bathroom and brushing your teeth and coming out and straight away, head to your trading room, turn your systems on and the enter the market to trade, you will discover that you will at any day take "no" for an answer any day indicators tell you "no", that it's not yet time to enter the market.

This is what affects most traders and I am saying this from my own personal experiences, a trader who have mastered trading from early morning to maybe noon and then going off and using the rest of the day for other activities will always want to go against their indicators from time to time, and to be honest, some times, such trader can still make profit while some times as well, it could lead to loses.. One thing we have to understand as well is that most times, those indicators aren't always 100 percent accurate as well.

[Rabata]

I am also a trader who always uses indicators when trading, such as RSI and EMA. However, you are right, OP, that traders often force the situation, regardless of whether their analysis method relies on indicators or not. Yes, they often force the situation when it is not the right moment to open a position. The scenario is usually forcing the situation, losing, being emotional, and chasing losses, which ultimately leads to bankruptcy.

Chasing after profits and being desperate to make quick money isn’t a smart way to walk into trading. The outcome of such situation are not always pleasant at all. Trading deserve our emotions to be in total check and not allowing the market to tour with our emotions.
 Forcing the moments before placing an entries even when it ain’t necessary will only result into unforeseen situations that will cost us more than what brought us to the market to for such situations not to occur it better to stay on guide and maintain our discipline

Yes, it shouldn't be and should be avoided, but unfortunately, saying it is always much easier than doing it. When we're in the situation, it often feels different, and perhaps that's why traders keep repeating the same mistakes even though they know they should be avoided.
You're right that one approach to avoiding such situations is maintaining discipline, and I would also add that discipline must be combined with strong assertiveness.

Discipline is a must to keep your strategy inline, though emotion always present and even how good your understanding but once emotion dominate over your decision making, then there's a chance that you may follow your desire and ends up losing or making mistakes, that's why always put your guard up and follow whatever setup you make before dealing with your position.

There should be discipline in every work and without it, no work can be successful. Trading has both positive and negative sides, but if the trader takes risks with sufficient knowledge and skills according to his ability, then it is positive for him. No matter how much knowledge and skills a trader acquires, he can never guarantee profit, but traders who have the mentality to take risks and who can control themselves in any way, are the ones who survive on the trading platform. Trading strategies may not always work, but it is better to make the right decisions using knowledge and experience.

[Issa56]

In my opinion, before you subject yourself in the trading market, make sure you are ready to embark this journey as it is not always profitable when you trade. Educate yourself as this will help you in your trading journey.

Most of the new traders in the market now are not always prepared for the journey, they just jump into trading all because of money, and they don’t even care to know about the risk involved in trading, and how they going to be a successful trader. If you want to be a successful trader, you don’t have to be desperate to make money from trading, you have to take your time to learn about trading, know the basic things which you are suppose to know, take your time to learn how u going to do analysis, don’t depend on signal groups whenever you are trading, because you might just end up losing everything at the end.