No good entry but you just want to trade

[Fredomago]

-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.

Indeed, it's all about good timing and how you execute your set plan, most of those who knows how to take care of their finances will keep following what they set for their hold and release setup while those who don't have that kind of practice will follow their emotions and will ends up losing most of the time, like what you said not all emotions but it's really affecting you decision making and if you are not good in handling pressures you may see yourself losing a lot.

[GIF-JOBS]

Not every trader can time the market perfectly but there are some traders that can enter the market later and still make a profit from that market. There are traders also that had a good entry but because of lack of emotional control, they exit the market quicker than they were supposed to do. Some traders are very good at timing the market when they want to enter a trade but they become bad at exiting the market and that is the reason why they are not making profit.

It is also not good for you to enter every trade that you see as there are some trade that are not meant for you and if you have traded for a long time you will understand that not every opportunity you see you jump into to make a trade as that can make you to lose more than you make profit. Instead of entering every trade, study the market more often and observe how the market reacts then you get a proper idea of when it is best for you to enter the market.

That is why its important for one to know the importance of researching in their lives, as it will help and support them to be able to navigate through every challenges that wants to pressure them, so that they can know the method that its best for them, because there are some people that don't have any idea about trading, they trade and are there to just copy others people method or strategy instead of them to learn and know the essential things they need to know so that they can use it to help themselves.

But they should understand that by just following other people's strategies without research, you can never achieve long-term success. In the case of trading, I think the only way to succeed here is to rely on your own research skills. We can never achieve anything good by relying on others, learning from the experiences of others is certainly good, but just blindly imitating them and not doing anything to improve our own skills will not be of any benefit to our future. So, by thinking realistically, we must first make sure that we are skilled, because this will ensure future success.

[Pandorak]

Not every trader can time the market perfectly but there are some traders that can enter the market later and still make a profit from that market. There are traders also that had a good entry but because of lack of emotional control, they exit the market quicker than they were supposed to do. Some traders are very good at timing the market when they want to enter a trade but they become bad at exiting the market and that is the reason why they are not making profit.

It is also not good for you to enter every trade that you see as there are some trade that are not meant for you and if you have traded for a long time you will understand that not every opportunity you see you jump into to make a trade as that can make you to lose more than you make profit. Instead of entering every trade, study the market more often and observe how the market reacts then you get a proper idea of when it is best for you to enter the market.

Sometimes deciding not to enter a trade is the best decision, rather than entering without confidence, which ultimately leads to a loss.

This is why it’s important to have a trading plan, so you know the right time to enter and the best price/point to set your take profit. Never enter a trade if market conditions don’t match your setup, you’ll only be throwing money away.

Let’s take an example. If you have a strategy based on breakouts and support/resistance levels, that means you only enter when the price has breakouts and then corrected back to the nearest SnR level, that’s where you enter. Never force an entry when the market is ranging, that’s not your strategy. If you force an entry, your position might hit the stop loss or get liquidated.   

[cozytrade]

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.

I do agree that one of the most popular trading mistakes that traders make is forcing trades. Just because we do not see the obvious entry, we might also be tempted to place trades just for the sake of making a profit. The issue is that feelings can be the driving force and make for bad decisions, losses and ultimately revenge trading. Discipline is more than just knowing the rules, it's about following them. A trader should be patient enough to wait for a set up that suits his/her strategy. When the market is downbeat, it's sometimes best not to trade at all

[Asuspawer09]

I mean, there are a lot of factors that is affecting the movement of the market, so even though these indicators might be useful, it wasn't just the basis alone for trading on trading if it is then all of the traders just needed to learn it and they will infinitely generate money as and we are all going to be rich, it wasn't the case because there are news as well like if some good news hit the market, there could be manipulation some whale sold a huge amount, Elon might post something that could make the market move something like that.

Sometimes I relay on news on trading, I dont usually do analysis because im not good at it so I give it up and stick on just spot trading no leverage trading since I know it wasn't just for anyone, there are a lot of traders out there that have a lot more experience than be and for sure going to crash me on the market so, if you just want to trade it is just there as long as you know what you are doing.

[Achalugo BTC]

But they should understand that by just following other people's strategies without research, you can never achieve long-term success. In the case of trading, I think the only way to succeed here is to rely on your own research skills. We can never achieve anything good by relying on others, learning from the experiences of others is certainly good, but just blindly imitating them and not doing anything to improve our own skills will not be of any benefit to our future. So, by thinking realistically, we must first make sure that we are skilled, because this will ensure future success.

Most people don't have that mentality that research is very important for anyone who is into crypto whether its investing or trading, though its useful to learn from others but confirming it keeps one steady and sustain them to be on track, as it also helps to build up skill. So, trading is not just something that one will do without having to understand the benefits and side effects of it because that knowledge helps one effectively.

[hafiztalha]

Easiest way to knock down whole account is to trade without good entry point, just like jumping into water without proper equipment. And he is right about this trap.

When People get bored, they forgot the time they spent on charts, moving averages, and Fibonacci levels. If indicator is not giving any good signal, it is a symbol of not to trade and watch out for good entry point and have some patience.

Crypto is not our daily wage generating resource. Crypto does not care about us having money sitting completely safe is good. Never jump without good entry point. Never trade on dopamine effect, it is not trading anymore if you do that .

[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?...

Sooner or later, every trader comes to the same realization: if there’s no suitable entry point, you should refrain from trading. The absence of a suitable entry point for opening an order means that the price is in the middle of the channel and it is impossible to correctly determine the future price movement.

[knuckey]

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?

Even now, I often place positions as I please, I don't really care about RSI, EMA, MA or anything else, I just follow the market flow and predictions, I don't open every day but wait for a position that I feel comfortable with, for example, taking a short position when a coin increases sharply in a day, and vice versa, that technique is more useful for me and simple

[Donk1]

As a trader we are all aware of the risk and the fundamentals of trading. But entering the market without any analysis is more like betting, which brings up the possibility that you might end up losing your capital or perhaps making a profit. For that we can't totally ignore the fact that at times luck plays a role in trading, but still sticking to your strategy is better. At least it makes your decisions more precise even if you end up losing, you will know where to improve. I know experience sometimes helps us make certain decisions based on instinct, but that doesn't change the fact that treating trading like gambling is wrong. The first thing to understand is that you can't always make a profit in the market every day, so treating the market like a daily paycheck is more like trading irrationally except if you see an entry, that's all....

[Questat]

...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?...

Sooner or later, every trader comes to the same realization: if there’s no suitable entry point, you should refrain from trading. The absence of a suitable entry point for opening an order means that the price is in the middle of the channel and it is impossible to correctly determine the future price movement.

Or let's say in general that trading isn't a guarantee to acquire profits. There are a lot of traders who still push trading even if they don't see a suitable market entry, and that makes them gambling. While there are also traders who trade because they are seeing a positive vibe and that the chances to profit in the end is high, but in the end they still lose their money and regret why they trade.

It's not bad to trade, but what is bad is that if someone focuses on trading and expect sustainable income more than seeking a real and stable job.

[Findingnemo]

...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?...

Sooner or later, every trader comes to the same realization: if there’s no suitable entry point, you should refrain from trading. The absence of a suitable entry point for opening an order means that the price is in the middle of the channel and it is impossible to correctly determine the future price movement.

But we can never find the perfect entry point and these technical analysis are not 100% accurate when determining the future price movement so even if all the indicators are saying we shouldn't and we have a feel that we should then doing that trade is okay but if someone keep doing that over and over despite not making any money means they are just gambling and even can be considered as an addict.

[Futurexxx]

Most people don't have that mentality that research is very important for anyone who is into crypto whether its investing or trading, though its useful to learn from others but confirming it keeps one steady and sustain them to be on track, as it also helps to build up skill. So, trading is not just something that one will do without having to understand the benefits and side effects of it because that knowledge helps one effectively.

Doing research, understanding the market and executing a trade when you should are all different things altogether, so you may know what is needed to win a trade, but you may not be patient enough to wait for the right set up, and in situations like that, the trade is doom to fail.

It's not that most traders don't know what they are doing in the market, it's just that most of them let their emotions get the better of them, and some may even feels like they have not made any money in the market today, so they will just enter the market blindly without any valuable reason of entering, that is the main reason some traders loses money in the market, it's not that they are less skilled in trading.

[tvplus006]

...for example, taking a short position when a coin increases sharply in a day, and vice versa, that technique is more useful for me and simple

Of course, if you manage to make money using such a strategy, it doesn’t really matter what you call it — the main thing is that it matches the level of risk. However, if we recall tokens such as CASHCAT, AKE and BANK, whose prices increased by thousands of percent within a month, then such a strategy would inevitably lead to the liquidation of the deposit.

[Achalugo BTC]

Doing research, understanding the market and executing a trade when you should are all different things altogether, so you may know what is needed to win a trade, but you may not be patient enough to wait for the right set up, and in situations like that, the trade is doom to fail.

It's not that most traders don't know what they are doing in the market, it's just that most of them let their emotions get the better of them, and some may even feels like they have not made any money in the market today, so they will just enter the market blindly without any valuable reason of entering, that is the main reason some traders loses money in the market, it's not that they are less skilled in trading.

Well, you are actually right. Patience is one of the key traders need in their trading journey to ensure they don't make costly mistakes that will ruin their plans because if they fail to discipline themselves, their emotions will always control them which they can't have the ability to exercise patience and that's how a good start can turn into a losing end. It's essential for people to really know every detail about trading, as it will help to understand the importance of patience and how useful it can be in their trading journey.

[Unknown Op]

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

Trading decisions should not be made without proper analysis; I agree with that. But having a good entry point automatically means the trade will workout i don't think so. Even after proper analysis, market can move sideways or opposite direction. That's why i always said analysis gives trader a vision but not guaranteed result.
If someone enter the market because of boredom or without proper reason it's decision is already weak, and same goes for newbies who give up after losing money. Losing doesn't mean that trading doesn't work for them; they need to understand whether the problem is with their decision or with the particular trade. In the end, good analysis cannot remove uncertainty from trading, but it helps trader to avoid greed or entering the market because of boredom.

[Mr Reporter]

But they should understand that by just following other people's strategies without research, you can never achieve long-term success. In the case of trading, I think the only way to succeed here is to rely on your own research skills. We can never achieve anything good by relying on others, learning from the experiences of others is certainly good, but just blindly imitating them and not doing anything to improve our own skills will not be of any benefit to our future. So, by thinking realistically, we must first make sure that we are skilled, because this will ensure future success.

Most people don't have that mentality that research is very important for anyone who is into crypto whether its investing or trading, though its useful to learn from others but confirming it keeps one steady and sustain them to be on track, as it also helps to build up skill. So, trading is not just something that one will do without having to understand the benefits and side effects of it because that knowledge helps one effectively.

From what you have mentioned you just pointed out the different between people who wake up to blow their account and people who do more research in crypto, research should be one of the key points when learning crypto, and at some point having to learn crypto from others source such as YouTube and Telegram is also a good idea, ... But in my own end i think it should be called  gambling with someone else’s opinion, most times confirming things yourself is what keeps you steady when the market is red and everyone is panicking….

[Popkon6]

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.

Every trader has a specific plan, in which if the trader follows the strategy regularly, he can profit. But those who trade randomly and greedily, especially those who are day traders, trade mainly for the greed of getting the most money, they lose more money, as a result, they lose more while trying to recover the lost money,
this is how their day trade goes and in the end they face losses. However, if the trader can proceed correctly according to his own plan, then he will definitely be able to succeed.