When Do You Make More Money In Trading?
Do you always make money in trading? If you are asked when you make more money in trading, the answer can be different. Everyone has their preference and strategy in trading whether they trade in the crypto, commodity, or stock market.
Many people make more money in an uptrend market. You take entry and buy at a specific point, since the market is going up and you are following the trend, the chance of making a profit is high. There are stories of making a huge profit in an uptrend market.
Some people say they make more money in a downtrend market. In a downtrend market, the price of crypto goes down consistently. I am sure you hear about buying low and selling high. You buy low, the price goes lower. It is very common in a downtrend market. Then how do people make more money in a downtrend market?
Traders can do short selling. They sell first and then buy the stock or crypto that they sold. You need to be more careful when you trade especially while short selling. Many people will say they lost the most money in trading in a downtrend market.
Everything looks like sunshine, butterfly, and rainbows in an uptrend market which changes in a downtrend market. The strategy you follow before may not work in any market situation. I think it is a big mistake to ignore the market condition while taking entry.
By the way, I am learning and sharing my opinion. You can have a different opinion. I respect that. It is interesting to see the market and explore it.
Some people say they make more money when they trade taking leverage. You can take leverage and make a huge profit without having a significant amount of capital. Some will say they lost everything and make their trading account empty taking leverage. It is very risky when you take high leverage.
Based on your skills, preference, and experience, you can do trading. You can decide which market situation you will trade and when you take a break.
