No good entry but you just want to trade

[el kaka22]

Trying to find a right opportunity to trade is the hardest thing a real trader has to face. Because during hours and hours, maybe like for a full day, you spend and waste so much time and can't find a good one to get into. You know that you should not get in, you can see that it would not be ideal trade and in the end you end up with nothing because you avoid it, but you want it so much because you want to trade, that's the whole point of TA and your personal experience.

Your TA must support you to open a trade. There are traders who use multiple signals to confirm a perfect entry. Because, when you are careful on avoiding hitting stoploss, you must rely on multiple signals and when you get enough confirmation on opening a trade then you may go for it. So, when some traders are using multiple signals, opening a trade without any signal is just gambling.

[Pandorak]

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.

Whether you analyze using indicators or price action, the goal is simply to improve your chances of making a profit and to provide a rationale for entering or exiting a trade. However, these methods aren’t always accurate, it depends on how you use them. Every trader may have a different approach to interpreting signals from these indicators. As far as i’m concerned, as long as the end result is a profit, it doesn’t matter how you use them, keep doing it. You may have already found the right method with a high probability of success.

[Asiska02]

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.

Whether a day or swing trader, you need to have the virtue of being a patient person or you’ll risk a lot of time and you’ll lose most of the time. The market is one that you should not be looking to chase or go after, but rather do your analysis and set your entry if all conditions are met, the market will come to you and trigger you in and not you forcing your way into the market and not having the best of patience that’s required from a trader. Waiting patiently for a trade to tap you in is a good behavioural move, because it’s reduces your risk of exposure to take so many trades going to hit SL and settle to take few trades going to hit your TP.

[adultcrypto]

Whether a day or swing trader, you need to have the virtue of being a patient person or you’ll risk a lot of time and you’ll lose most of the time. The market is one that you should not be looking to chase or go after, but rather do your analysis and set your entry if all conditions are met, the market will come to you and trigger you in and not you forcing your way into the market and not having the best of patience that’s required from a trader. Waiting patiently for a trade to tap you in is a good behavioural move, because it’s reduces your risk of exposure to take so many trades going to hit SL and settle to take few trades going to hit your TP.

I have learnt that waiting is also a strategy in trading. This is because most of the times, the market will go the side of the trader but before it does, a lot of damages may already have been done in the account balance of the impatient trader. The market is driving by liquidity and until the market makers get this liquidity, the market will not move which is why they hunt for stops of trader in other to get the liquidity. They will easily print those patterns that are read by indicators and candlesticks only to hit the stops and still continue. To avoid getting the direction correctly and not being in the market when the moves happens, a trader must learn to wait for the right signal before entering the market.

[Achalugo BTC]

I have learnt that waiting is also a strategy in trading. This is because most of the times, the market will go the side of the trader but before it does, a lot of damages may already have been done in the account balance of the impatient trader. The market is driving by liquidity and until the market makers get this liquidity, the market will not move which is why they hunt for stops of trader in other to get the liquidity. They will easily print those patterns that are read by indicators and candlesticks only to hit the stops and still continue. To avoid getting the direction correctly and not being in the market when the moves happens, a trader must learn to wait for the right signal before entering the market.

Being late most at times doesn't mean one is failing or a step to their failure No, it doesn't work like that because in this trading, not what will work for others will work for you, as everyone has their own strategy. But, waiting is a part of strategy, that will help one to avoid taking the wrong decision, that is why they have to wait for the right signal before they strike, as this thought will help to achieve their long term goal.

[shinratensei_]

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 should be called trading on impulse, I did this a lot when I got bored but right now I learned to hold spot with my bags HYPE and BTC instead.But when I was still trading pretty frequently, i would trade recklessly when I see no opportunity, or when the market is on a long consolidation using high leverage to profit off small market movements.

That was undeniably very reckless thing to do as I could blow up my account anytime when things go south and I lost my money 7 out of 10 time I traded recklessly. It is obviously what a trader shouldn't do but it's difficult to contain the urge.

[Royal Cap]

Whether you analyze using indicators or price action, the goal is simply to improve your chances of making a profit and to provide a rationale for entering or exiting a trade. However, these methods aren’t always accurate, it depends on how you use them. Every trader may have a different approach to interpreting signals from these indicators. As far as i’m concerned, as long as the end result is a profit, it doesn’t matter how you use them, keep doing it. You may have already found the right method with a high probability of success.

Actually, many traders consider indicators as prediction tools rather than helping tools and this is a big problem. Indicators provide signals based on old data but if the market experiences sudden changes, indicator signals are late. But in the crypto market, all the setups can be removed in a matter of minutes when news and whale movements occur. That's why I feel that there's not much consistency in generating profits with only indicators, I would say that risk management is more important than the tool itself.

[cryptoaddictchie]

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.

Well they arent wise traders, a good trader should always be patience and discipline himself when it comes to entry and exit. Since Im not an active trader I dont pushes my trade into something to earn. Its dangerous and instead of earning more I will probably incurred more loses. Thats the problem with so much users lately. Keep trying to trade without planning.

[ZAINmalik75]

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.

As I was saying, indicators are not designed to tell us the exact price of the token, so we just cannot expect them to tell us the exact entry and exit points. A few are designed for that purpose, but even they can be very wrong. Indicators provide us with the raw data necessary to figure out where the market is going next. So, who is going to figure it out? We are. It is our responsibility, not the responsibility of the indicators. If they are baseless and are not doing their work, then why are others making a profit using the same indicators? We should make it clear to ourselves that these indicators are just essential instruments that support our personal analysis of the market.

Even after all that explaining, I might have failed to get what "wrong" could mean here, as you were saying the indicators are sometimes "wrong" and they are providing inaccurate information? Do you mean literally, although I have already explained that they can't be wrong in providing information but if you mean they provide wrong signals like when to buy and sell, then that's where you are wrong.  I hope you understand the difference here. And you are right that the information we are getting from these indicators sometimes is not guaranteed because it can show us delayed data that we might be using for real-time experience and free versions usually drag us a step back as well.

[Rabata]

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.

Well they arent wise traders, a good trader should always be patience and discipline himself when it comes to entry and exit. Since Im not an active trader I dont pushes my trade into something to earn. Its dangerous and instead of earning more I will probably incurred more loses. Thats the problem with so much users lately. Keep trying to trade without planning.

I agree with you, patience and self-control are needed, people only look for profit opportunities in trading but there are many who do not actually do any market research. A skilled and responsible trader knows when to enter the market and when to exit, due to which he can protect himself from excessive losses. If we try to forcefully extract profit at every moment, then the result will often bring the opposite result, so we have to be careful. A calm mindset is needed, if we forcefully continue trading aggressively, we can definitely lose.

[Alpen]

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.

Bitcoin trading doesn’t require overly complex strategies. The core principle is sticking to a DCA strategy and ensuring your total position is resilient enough to withstand a 50% drawdown.

To avoid the traps of random orders, greed, and impatience in day trading, I use a specific tactic. I trade intraday based on Fibonacci levels from the previous day's uptrend. This allows me to set my limit orders in advance — at the nearest and final Fib levels — and immediately place my take-profit orders. I don’t even open the trading terminal during the day; I only check the results the next morning.



That said, my biggest profits come from long-term holding. I open those positions based on fundamental and on-chain indicators, rather than short-term price action.

[masulum]

Bitcoin trading doesn’t require overly complex strategies. The core principle is sticking to a DCA strategy and ensuring your total position is resilient enough to withstand a 50% drawdown.

To avoid the traps of random orders, greed, and impatience in day trading, I use a specific tactic. I trade intraday based on Fibonacci levels from the previous day's uptrend. This allows me to set my limit orders in advance — at the nearest and final Fib levels — and immediately place my take-profit orders. I don’t even open the trading terminal during the day; I only check the results the next morning.


That said, my biggest profits come from long-term holding. I open those positions based on fundamental and on-chain indicators, rather than short-term price action.

well, sometimes if want to make it simple, trader can do trading by finding support and resistance, this can be used as reference to buy and sell. Sometimes using too many indicator also will making confused, if not pro yet, using fibonacci as reference is also good enough. But, back to each trader, if easy to panic, better focus to hold compared to short-term trade. Because it can trigger more mistake in making decision when open or close position.

[SquallLeonhart]

well, sometimes if want to make it simple, trader can do trading by finding support and resistance, this can be used as reference to buy and sell. Sometimes using too many indicator also will making confused, if not pro yet, using fibonacci as reference is also good enough. But, back to each trader, if easy to panic, better focus to hold compared to short-term trade. Because it can trigger more mistake in making decision when open or close position.

This is the way most spot traders work, they end up buying at support, and selling at resistance. Sometimes those are broken of course and that is when they are wrong, which like nay trader we can be wrong sometimes, but if you keep on making this then you could be doing something, would you be profitable?

Depends on the period, sometimes the resistance and support are broken very often, sometimes it's stuck between them and moves up and down, but at least you would have a strategy at hand and that would not be bad. I get that this is not the most complex and successful method out there, and there are of course better ones without a doubt, but I think it should be good for all of us to see this as a method that can be tested.