Quote from: alastantiger on November 17, 2024, 07:53:10 PM

Quote from: GiftedMAN on November 15, 2024, 10:02:00 PM

Is it possible to say that such trader can only make profit only in the morning hours and that morning is the only time he has peace of mind? I know that different traders has their personal strategies and the things they avoid or do when they want to start trading but I think above all you can not have a good trading by taking different decisions and ideas without knowledge, stick to what works for you as a trader but never thing that idea alone can help you to stay in profit you still need to be very careful with the market even when you have the peace of mind you need.

As traders we are ought to know when it's suitable for us to trade because the time of the day when you trade can affect your trading outcome. Although the market is open 24 hours in a day but they're times when the market is more active and time when the market is calm. Although the cryptocurrency market doesn't follow the exact pattern of other market but there are some similarities that we can use to make decisions on when to trade. I prefer to trade during the morning hours that the Asian are awake.

I think they have more influence over the market than other parts of the world and the next are Americans because I haven't noticed that when coins are listed on exchange exclusive to the American that the coins do so well. There are few coins that were listed on coinbase and the project are doing very well as we speak.

The best thing a trader can do is adapt.
Because the market is like the ocean - it constantly changes.
We never know if the previous cycle of X event will be the same.
Because we put the effort and work into analyzing what can happen next.