Do you want to become a successful trader, did you ever try buying a coin in the crypto world? Did you know that the biggest fear of traders is not the fluctuations of the market, bigger, and shorter, but self-emotions are the main obstacles traders face? A big fluctuation generates a new trend opportunity and a small fluctuation accommodates trends. Only the self emotions can move you against the market rhythm and hurt your confidence and principles.
Trend
Successful trading requires full-time devotion. When trading, always keep away from your girlfriend and sit in front of your desktop watching the charts and figures. Your loneliness and market misunderstanding may also create pain and if the results go bad, it depends on your confidence, what to do next, something else, or continue watching the market. But your day in crypto trading is equivalent to a year in the real human world. In the market, there are many rotations long and short. Whenever the market fluctuates long or short, you get the opportunity to make money. The reason why most novices lose money in the market is because they are fighting with the trend and ignore that their subjective judgment never collides with the objective trend of the market. How the market goes, always make a trade in respect of trend.
Short Term Trading
This type of trading is based on a short period and never based on speculation. It is the type of investment behavior, that requires strong skills and especially your patience. In this type of trading, many types of K lines help you identify trends. It does not mean market change the rules for short-term trading, it is also possible you never figure out the accurate market judgment because the entire market is based on information, emotions, and facts. The real skill is to summarize the historical transactions and identify why certain conditions appear and what are the subjective trends. Most importantly, what are the projects that are gaining value, and what are the projects that hit hard and crash?
Market structure
Whether you are a short-term trader, swing, or long, if you are not learning the market structure it’s very difficult to make money. Only the market structure will give you an idea what is the status of the market, like consolidation or trend. In order to learn the market structure, you are required to use two horizontal lines and determine what is the current market position.
Studying the market structure, and levels where the strongest reversal points are formed, helps to make decisions.
Always pay attention to the retracement candlestick bullish (Bullish Rejection) because this will indicate the current price will continue.
The above charts are simple, sometimes the structural breakthrough occurs and if you are participating in this trend you will generate decent profit.
Finally, if you want to become a short-term trader, pay attention to the timing of the market. Do not enter the market when the market is in uptrend until you have more information. Most people make mistakes and buy high when the uptrend continues and sell low when the downtrend continues.
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