Following Every Candle

When I first jumped into trading, every green candle seemed like a chance I couldn't pass up. I'd buy in way too fast, only to see the prices turn against me. My losses piled up, not because the market was out to get me, but because I just didn't have the patience. Those impulse buys hit my wallet harder than any single bad forecast. Eventually, I figured out that I needed to take it slow. Not every market movement needs my immediate attention. By waiting for clear confirmation and having a solid exit plan, I managed to dodge those traps. The toughest part wasn’t the actual trading strategy, but mastering my urge to jump in right away. Patience became a kind of trade for me. Now, I make fewer trades, but they're way more focused. I look for setups where the risk-to-reward is obvious, rather than just chasing movement. Missing out on one rally is a lot better than being stuck in a bunch of fakeouts. This change has not only saved my capital, but also boosted my confidence. So, do you find yourself chasing every candle, or do you pick your fights?

Every trader faces this path at their early stage. And sometimes even when you have been able to understand the market to some extent, you still find your self chasing after trades. The market it's self is meant to make you feel that way. You sometimes know you shouldn't take the trade but the market will surly give you a reaction from every zone you map out to take trades from. What matters now is your discipline. Not every trader is able to face this. Becoming disciplined bridges the path of failure and puts you on the road to becoming successful. You don't have to take all trades and you don't have to leave all trades to run. Your experience over time will give you some kind of instinct that combines with your strategy, psychology and sooner or later you find yourself becoming disciplined..

Why would you chase every candle? Even with basic technical analysis will need several candle in able to have an analysis for your trade so it’s impossible for someone to trade on every candle except if you began trading without any fundamentals on trading. What timeframe do you pertaining on the candle you are using? If it’s weekly or monthly I think that’s still understandable but not advisable either.

I can tell you that based on the FACT that, EVERY CYCLE, about 90% of plebs like us lose when we day-trade and/or trade more actively in the market, then it's probably not a problem of having no discipline. It's probably a problem that, as mere plebs, we're not properly equipped to trade against the bots of the top 10% of traders. They are in the market everyday, and they're waiting for plebs like us to take our money. The strategy against THAT is to buy and HODL Bitcoin, DON'T gamble.

Scalping is the riskiest trade. You will think you can accumulate small amount of money in profit within short period of time in many trades. This is how many trades are losing. Few trades are better and patience is very important in trading. If I am trading, I completely avoid scalping.

this is very valid and why i do advocate more for self control, or you can call it emotional control which is the act of mastering yourself, some persons do think often that the problem is with the strategy or with the analysis or maybe they are not just lucky meanwhile they may even be the problem they are not agreeing to talk about in the end and now i see that you have made it clear that these things may not be the problem, you may but you will be thinking that you aren't and may attempt multiple trades because your emotions are ahead and so you are not thinking rationally enough but wanting to just hop on almost every trade and hope to get something sooner even when you are not you just get almost frustrated. You do not need to take a thousand trades to be profitable, but a few accurate trades keeps you several steps ahead of the vast majority traders out there only that we are mostly not ready to hear this because some of us just want to quickly make money so our greed makes us keep aside our actual control and just try so hard to catch every move hoping to make so much at once form the market only to eventually end up loosing it an then we may want to think the market is not just in our favor meanwhile we ae yet to master ourselves and subject our emotions to good control.

Not all opportunities are golden and are to be taken, some are just harmful traps and distractions. That’s the reason why every trader should choose their own battle, wherein they can maximize the profit potentials while continue to reduce the possible losses. However, for us to realized this, we should learn from our negative experiences from trading. Chasing every candle  is normal for us greedy traders, but as we continue trading and ingest learning, that’s when we realized that there’s a perfect time to trade, and delay those unfavorable trades that would only lead into undesirable losses.

Nothing can be further from the truth there. Very apt. Patience is that virtue in trading many people don't realize. It's a very hard thing for traders to maintain because it's an emotional aspect of trading. When we read about controlling one's emotion, patience is part of it. We've to get to that point where we realize that not trading is also trading. We can't chase every trade. Let some go instead of FOMOing into a loss. In the past I did. I've come to realize that there will always be trades to take when one misses one. The market isn't running away. It will always be there. That's my mindset now.

On a zoomed out to the maximum timeline, that's TRUE for MOST altcoins/shitcoins. They will all go to ZERO. Although, and I'm being diplomatic, there might be 5 blockchains including Bitcoin that might continue to exist for decades. The rest WILL DIE. For plebs like us, just buy and HODL Bitcoin, and denominate your capital in Bitcoin. We could be very confident that a Bitcoin HODLer would have more units in Bitcoin than most of the plebs who "traded" altcoins at the end of the bull cycle.

Congrats to you, it's good to see traders managed to overcome that problem. I personally experienced that too, I learned a simple trading strategy and I thought that the more trades that I do, the better but it turns out that it was just a basic strategy and just a foundation and when I learned to sharpen and improve my trades, I realize that I can earn more in few clean trades than with candle stick trading. No, once I analyze the market, have my target profit and stop-loss positions, I just leave the my trade and don't look back at it until one of it completes the trade. When I first started, my emotions do take control of my trades, most of the time I enter an early trade and early take profits which really wreck my balance.

A lot of people have gone through this experience including me, it is the phase of trading where you will be following every single move of the market, any little act of reversal you are in, it has no structure has no strategy backing, it's just based on Impulse, but in the journey of trading what matters is not just how long enough you have been into it but how good enough you have learned from experience over time. But these are phases that you have to pass, it is a normal experience in the trading journey

Who taught you to open a new trade for every candle? What time frame of the candle do you use? Did no one teach you that candles are showing the past and not the upcoming trend? It is bad if you have learned these only after real time trades. Because you must have learned these from books or videos itself. Candle sticks alone will not guide you to trade better with any market. You must have 2 or more other strategies to confirm your entry or exit levels. For example, you can combine higher time frame candles with 20 days or 50 days moving average. When both of these shows same thing, you can come for a conclusion about the turning point of market direction. In my early days, I learned candle stick pattern recognition but later on I shifter to other strategies and I am not into trading right now.

However, this is a very common and happens frequently, especially for beginners and just learning about candlesticks. They think that one correction candle can be interpreted as a dump candle. Or one green candle can be interpreted as a pump candle. This is why many beginners exit early and FOMO within a single candle. They overestimate the long pump candle when they see a green candle, and they believe a long dump candle if a correction occurs. And this is usually seen on short-term candlesticks like 3-5 minutes without considering the candlesticks on longer timeframes.

I will likely say the more dedicated and committed a persons is towards trading then the more he witness lot of challenges and he faces more experience in his or her trading journey. As a smart money trader (SMC) we should learn to understand that chasing towards the trend is not the appropriate thing but waiting and figuring out the process is just the smart move. Waiting and patience is the key, if we did not find a opportunity or possibilities in the market let not place an entry rather let wait patiently and even not trade that day, there are some other days. The trend is your friend.

Remember, that when the axis runs out then the candle will die, maybe this is a picture of how when someone is so pursuing more trade will have the potential to lose more money, compared to fewer trade with a better level of precision. I am more agreed to determine a measurable trading schedule where people will enter the market when sure it will be in accordance with the strategies applied even though sometimes it also does not run perfectly for every time. I do not pursue candles, but see opportunities and potential when I want to enter the market to trade because in this way we can avoid large losses every time trading if it does not go according to plan.

That's the newbie trader fever which is common for atarters. You see patience it's a skill on its own and whoever is into trading that lacks it would not escape abundance losses even in the position of opportunity. You would either either too quick or leave too quick with losses when you're unable to identify fakeouts and retracements. Good you didn't abandon the trading as it wasn't working fine for you at the start, but you instead discovered the problem and solved it. Trading is a lifetime skill that when you gained indepth knowledge of it and work with a good risk management approach you can be using it as an additional source of income.

Using your own method is a very difficult choice, like scalping, and scalping is an activity where a trader chases candles in the short term. It will drain your focus and mental energy because you only see the green and red angles on each candle you see. We should not avoid other indicators for healthier trading, and the time frame is also key to your success. You can analyze monthly, weekly, daily, hourly, and even minute charts to find opportunities in your trading. Even when I encounter a red candle, I enter the trade, and yes, it bounces back to green at the end of the day and reverses.

Chasing every candle is a sign of impatience, and trading without patience leads to multiple regrets. The market cares less about your feelings; the market does not care about how many times you have lost; the market has no sympathy and will not hesitate to teach you a lesson in patience until you finally get to learn. It is far better to sit out a trade and miss an opportunity to make more money for your portfolio than to rush into every move that looks like an opportunity and loose money to it. Old traders know this, hence why they exercise a lot of patience and do not overtrade.

Every newbies traders have experience this and the tendency to become impatient make you the chase whatever candle you sees, you see yourself rushing to open a position at every slightest moment that you see a significant shift and not being able to wait to see your full recovery when the market goes against you, most of the greed tendency that affects most trader's, this is where the loses start and begin from.

Nothing wrong of chancing the green candle but make sure you are still observing the price of the market to know when to release your coins for trading to make massive profit. Green candle is among the sign that is drawing traders attention to know the season that is on board before they can move to trade or move to continue holding. There are some green candle you will follow to trade your coins you will not los but the profit will not going to be massive unless you allow the green candle to stay long to push the price to pump higher.