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.

[Achalugo BTC]

Trading is different from investing. Anything you are doing when you are trading, you have to do it quickly because the market price is not waiting for you to make decisions before it react to price. This is why you may be profitable now and later you started losing money without knowing what could be wrong. If you don't make a swift decision as a trader when you are trading to make money by increasing your trading portfolio after your analysis, you can also lose trades because you are not fast at making decisions.
Learning everyone is one way to understand what's happening in the market. For you to make money you need to learn.

Learning to acquire more knowledge and understanding is good and important, as a minute can blow off your efforts due to how fast the market price can move, but investment doesn't happens that way, even though it might be fluctuating but don't as fast as trading. And trading give one the panic that can pressure into making hasty decisions and you know, at times hasty decisions leads to mistakes that will ruined lives. That's in trading, learning has to be constant and being in a rush can't save on either, but one can't relent.

[LastKiss]

Trading is different from investing. Anything you are doing when you are trading, you have to do it quickly because the market price is not waiting for you to make decisions before it react to price. This is why you may be profitable now and later you started losing money without knowing what could be wrong. If you don't make a swift decision as a trader when you are trading to make money by increasing your trading portfolio after your analysis, you can also lose trades because you are not fast at making decisions.
Learning everyone is one way to understand what's happening in the market. For you to make money you need to learn.

Learning to acquire more knowledge and understanding is good and important, as a minute can blow off your efforts due to how fast the market price can move, but investment doesn't happens that way, even though it might be fluctuating but don't as fast as trading. And trading give one the panic that can pressure into making hasty decisions and you know, at times hasty decisions leads to mistakes that will ruined lives. That's in trading, learning has to be constant and being in a rush can't save on either, but one can't relent.

Taking things step by step and not rushing decisions will help us become better traders. The problem starts when we become addicted to trading because of one or two wins in the past. That excitement can push us to open more positions without thinking about whether the setup is good or not. Many traders try to bypass the learning process by paying for signal groups that provide daily trading setups which can make them more exposed to addiction and greater financial losses. Therefore, in trading it's very important to stay patient and continuously build knowledge.

[Achalugo BTC]

Taking things step by step and not rushing decisions will help us become better traders. The problem starts when we become addicted to trading because of one or two wins in the past. That excitement can push us to open more positions without thinking about whether the setup is good or not. Many traders try to bypass the learning process by paying for signal groups that provide daily trading setups which can make them more exposed to addiction and greater financial losses. Therefore, in trading it's very important to stay patient and continuously build knowledge.

This is why most traders do fail in their trading, instead of them to things step by step, do more research and understand the market price well, they want to rush everything, so that they will start having profit and because of this idea, they make fast decisions that will land them some problems that will make them to even lose everything they got. But when they understand the process and get the knowledge of how things works, makes them easy to follow the plan and stick to the rules and overcome some habits that are not right to exhibit when they are trading.

[Fredomago]

Taking things step by step and not rushing decisions will help us become better traders. The problem starts when we become addicted to trading because of one or two wins in the past. That excitement can push us to open more positions without thinking about whether the setup is good or not. Many traders try to bypass the learning process by paying for signal groups that provide daily trading setups which can make them more exposed to addiction and greater financial losses. Therefore, in trading it's very important to stay patient and continuously build knowledge.

This is why most traders do fail in their trading, instead of them to things step by step, do more research and understand the market price well, they want to rush everything, so that they will start having profit and because of this idea, they make fast decisions that will land them some problems that will make them to even lose everything they got. But when they understand the process and get the knowledge of how things works, makes them easy to follow the plan and stick to the rules and overcome some habits that are not right to exhibit when they are trading.

If the person/trader is open for improvement and knows how to accept mistakes, the chance that they'll be able to find the right setup, strategy that will give them better chance to succeed, though it's not easy to fully control your emotions as it always wanted to dictate to what you want to do, but once knowledge and skills develops, there's always a good opportunities to enhance your potentials, it's a matter of how well you can process discipline for you to able to execute things the right way.

[Rubuchi]

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.

that's why people who ignore the fact that our emotions do play a part in our decision making are the ones who suffer it the most at the end of it. I have this personal statement I say to myself, rather than turn a blind eye and assume that emotions do not play a part in our decision making process, it is better to recognize the emotions and work towards panel beating it for a better control of its ripple effect on you. People who run away from the reality are the ones most affected by it, so it is best to face your fears.

[Dareo]

-snip-
that's why people who ignore the fact that our emotions do play a part in our decision making are the ones who suffer it the most at the end of it. I have this personal statement I say to myself, rather than turn a blind eye and assume that emotions do not play a part in our decision making process, it is better to recognize the emotions and work towards panel beating it for a better control of its ripple effect on you. People who run away from the reality are the ones most affected by it, so it is best to face your fears.

Well not all emotions are bad. Fear often saves us from major dangers or losses. Again it is only by being patient at the right time that it is possible to make a big profit. The problem is when emotion completely consumes our logic or intelligence. And many of us think that all problems will be solved if we are discipline but brother, when pressure builds up in real life situations, following the plan we have made becomes the most difficult task.

So, I think it is most important to recognize our weaknesses in advance. You will notice that after suffering a big loss, someone starts trading emotionally and vice versa. If we can identify these triggers within ourselves in advance, then only then will it be easy to self control.

[EarnOnVictor]

This is the most idiotic thing that traders do, and I tell you, I was one of them. It's as if the market has one spirit that pushes people to trade at all times or goes against their set rules.

You would realise that your strategy has not been fully aligned, yet you would want to trade. Even if the strategy is fully aligned, is the market condition worths or? There are times that the market would be so quiet, sluggish or thin, yet traders would still want to trade.

All these roast accounts faster!

[Synchronice]

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.

Day trading involves serious risks, especially when you are not someone who can manipulate the market, like the creator of the coin, a whale and someone with a huge influence over the market, whose statements or even a single coin sell significantly affect the market.
That's why I prefer to hold long-term or trade when I really feel like the market is about to change in a direction where I believe but honestly, I rarely risk trading short position on futures because it's too dangerous and if I do this, I do it with 1-2x leverage in most cases. I find it much better to trade Bitcoin with 2x leverage because it's rare to see 50% decline of price.

[Rubuchi]

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.

where I think we mostly get it mixed up is when it comes to the issue of consistency. Many started their trading well, had a good plan but as time goes on they begin to lose focus and failed to address the reality that is with them rather they keep chasing the money, I mean the trades profits. Every trader and the system itself knows that every trader is out there to make profits and not to just add to the numbers of the traders.

[dwyane36]

This is the most idiotic thing that traders do, and I tell you, I was one of them. It's as if the market has one spirit that pushes people to trade at all times or goes against their set rules.

You would realise that your strategy has not been fully aligned, yet you would want to trade. Even if the strategy is fully aligned, is the market condition worths or? There are times that the market would be so quiet, sluggish or thin, yet traders would still want to trade.

All these roast accounts faster!

If the market is quiet and suddenly one token starts to surge sharply, undisciplined traders get caught up in FOMO and open positions purely on emotion, that is, without any analysis. Since this is discussed from time to time, it means there are indeed many undisciplined traders in the market who want to trade constantly without following risk management.