@Khant
edited
Wrong Using of Trading Analysis(TA)
Hello all, I want to talk about the case of wrong using of **Trading Analysis** today. I have come across so many people **WHO THINK** that traders can predict the market **100%** or that learning **Trading Analysis** is **'To Predict Market Price'.** I hate to break it to you that even the most successful traders **Cannot Always** **Be Correct** about price direction. Yes,some traders try to forecast the price and it will cost his followers if the target he gave did not hit. There're Paid/VIP groups for the people without trading knowledge to give them targets but still,they have to take their own risks as paid groups also cant be always correct. SO WHY THE HELL SHOULD WE LEARN TRADING LESSONS ANYWAY?
**TRADING LESSONS PREVENT YOU FROM BUYING AT RESISTANCE AND SELLING AT SUPPORT LIKE A DONKEY!** The correct answer is **to manage the risk of a Trading Setup.** When you have trading knowledge even if basic, you can mark the support and resistance of the chart you re going to trade. The purpose is simple. **You buy at support and you sell at resistance**.Price will only continue to grow after breaking the resistance so you can buy back above resistance if you like to continue trading it although there are million of coins in the market. That's why **Trading Analysis** is more to the **Risk management** than **Market Price forecast.** Tip- IF you rely mainly on one or two tool to make ur trading setup,you will still get ripped apart because you have to take every indicators into consideration as it will give you more scenarios of the price direction. That's all and thanks for reading. If you want trading setups,follow me on tradingview where I usually posts charts there **https://www.tradingview.com/u/tikyikhant/** **Ways to Earn** **If you want to blog in alternative site to Publish0x, Register at** ****readcash******.** https://read.cash/r/Khant **Learn how to take part in Millions of TRX giveaway** ****here**** **.** https://www.publish0x.com/airdrops-bounties/millions-of-trx-giveaway-from-tronlink-xvrdrjo **Still using Laggy Broswers like Chrome/Opera & Firefox?Uninstall them at once and Install Better Browser with AD blocker** ****Brave**** **Get paid for searching on web with** ****Presearch**** **.** https://brave.com/mqv544 https://presearch.org/signup?rid=1766597 **Blockchain game LibraDragon ,Play and Earn Libra tokens .Learn** ****here**** **.** https://www.publish0x.com/airdrops-bounties/blockchain-game-libradragon-play-and-earn-ldt-xropeqr
18 comments
Well dear can you please tell me about presearch and brave browser please I will wait for your response
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I think I know where you got the idea for this article... :P And what I meant is that even the calculated, or highlighted, or put into charts TAs are most likely wrong in higher volatility times. If it was that simple everyone would be rich... So trading and investing ALWAYS have risks.
> I agree with ur final part of Risk because I also described it in this post But for TA to be wrong in higher volatile time,TA's main purpose is not to predict the price movement.For Crypto market,experience matters in those volatile times . It's to manage risk as the post described It looked simple but it is not that simple because of human emotions while trading,that's another part for Trading Mindset.
I will put it as simple as I can. Assessing FUTURE risks by looking at resistance lever let say. Is trying to asses the FUTURE based on the past. Assessing risks is looking at something that didn't happen and projecting it into the future. So it is basically trying to PREDICT future movement.
well pretty much everything after present is future if you put it that way but still TA is not to predict the price but to manage the risk based on the direction/stops/demands/supplies
Nice article,it can help more to us
Very interesting and informative article
Very informative
Every traders has stop loss and tp.Don't say that TA is wrong to use. There is no trader who have't stoploss
> trader read the title again,TA is not wrong to use but TA is being used wrongly
>I hate to break it to you that even the most successful traders Cannot Always Be Correct about price direction. Yah the article was right. If there's a way that price can predict 100% we all be become rich in trading. But nah. Its always the Irony. I always lost in trading especially the todays market price was so annoying.
right,some ppl think it is really easy to profit even after learning the basics. They wont make profit consistently until they master their trading psychology or plan the trade and trade the plan.
Yes sir. Mastering ain't that simple. You'll experience too many loses first. The saddest part of trading. :(
Verry nice and interesting
Keep it up buddy
This is lovely i want to ask if you are also a Copytrader?
I hate to break it to you that even the most successful traders Cannot Always Be Correct about price direction. Yah the article was right. If there's a way that price can predict 100% we all be become rich in trading. But nah. Its always the Irony. I always lost in trading especially the todays market price was so annoying.🤤🤤😶😑😐