Post
Topic
Board Speculation (Altcoins)
Re: Advice on trends
by
stomachgrowls
on 03/08/2021, 19:34:37 UTC
Personally,I don't think traders work with time frame - day,night,weekdays or weekends. They work based on income potential and therefore monitors the coin movement of the market 24/7.
The more trades you make, the more mistakes you make and the more loses you can get.

Good traders don't trade 24/7, they wait for confirmations or a few candles to confirm about good entries. They enter the market after confirmations, and exit with their plans.

10 trades each day, if you do it good, will bring good gains for your tradings. You can accept 1 to 2 bad trades in each 10 trades. If you make 100 trades each day, I doubt that you can make good entries and exits. You wil become an emotional trader.
I may don’t know the definition of noob and professional traders but i think every serious traders keep an eye on their PC or mobile screen 24/7 just to check market movement. Because they will try to entry or exit in the right moment. Every trader will be success in every day, it’s also quite impossible for professional traders.
You are basically talking shit man... Even how serious you are in trading but doesnt mean that you do make yourself looking up the charts on 24/7.I admit that im a day active trader but i do mostly spent out 15 hours maximum and the rest is taking up some balance on daily living and wont be putting up myself in trading career but still i do earn decent.

Being pro or not, we do share on one common goal which is to make profits.It wont matter if you are swing,longterm, shorterm,active trader as long you do make money then that surely counts.

On answering OP's question about on how to know on when prices do moves? No one knows. There might be some patterns to be seen but doesnt mean that it would really be moving precisely
on weekly basis.