2 tips in trading for beginners - page 6.

Bakemat

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Quote from: antran123 on July 31, 2018, 09:57:23 PM

Trading strategy depends on the level of risks you want to take. If you are into high risk, yes you can reinvest your capital and profit. The safe bet and lower risk option is to take back your capital and reinvest with the profit you have made.

The risk will be always depending on how big investments you have made as well as the profit and that is the reason why you should always study the platform of the coin before investing a huge amount.

tailwate07

full member

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Quote from: Fantastickarl on July 31, 2018, 02:34:25 AM

These tips are very good for beginners to kick start their trading careers. Knowing your limits, your risk appetite is very vital in trading. Also, sticking to a trading plan is also what you need to stay profitable as well

Keep all of such advices in mind too but I think one must learn this trading world from scratch. This platform is for learning purposes and you can ask whatever you have got in your mind but believe me if you don’t take things from start, problems will never leave you. They will surrender you ever other moment. Learn from here too but start researching this whole story.

andyosh

newbie

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Quote from: kimochidesh on June 04, 2018, 11:43:14 PM

Two very important tips for beginners in trading:
1. Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2. Many traders cannot spend much time in this market. Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process

I think that trading volume should not be excluded from deciding whether to invest in a coin..

Darz299

newbie

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I think that's right, a novice must recognize himself, because only he can know where the logical mind goes, control emotionally, beginners must also understand the trade and development of trade and technological developments. Also must know the purpose in trading, where the direction of trade is expected, the main purpose is to get big profits, but also to be able to make a strategy when it's time to buy, when it's time to hold, and when to sell with the intended purpose.

jonatuzc

hero member

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Quote from: trumper on July 20, 2018, 01:31:01 PM

The worst thing in trading is that you might sell or buy too early sometimed, though you still make the profit you can't make enough profit.

One has to be a time observer while trading crypto. Be sure the market is ready for your product and you can only sell if you are selling your coins. This is very important. Besides, having some good knowledge about the technology and perfect market information guides a lot in deciding when to buy or when to sell.

Normally when you have a good profit margin in crypto, you should sell your coins but should not sell the entire portfolio for leaving crypto after earning isn’t good. Crypto is not only for profit but for so many other services.

qiman

hero member

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I would like to give this good advice to my Wife as she wants to learn day trading but it is very difficult for her because she lacks self confidence she says. I will tell her to just test the waters with small amounts of risk capital as we lost too much value from our portfolio holding altcoins and tokens. She wants to try and balance things out by day trading to earn a living now as things are very hard in other crypto areas where she has been working in right now.

Reid

hero member

Activity: 2912

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Know yourself.
The best tip for all specially those who are just leaning on their monthly salary.

I have heard a lot of rant in telegram group when one token from an ICO is dumped hard. What they say?
How they will feed their family if the price is like that? WHUOAT?

You risked your money for feeding your family into buying a crypto? That is one shitty move from foolish people. I puked afterwards.

nicster551

sr. member

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Quote from: acidburn14 on May 28, 2018, 10:37:47 AM

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.

2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

Hope this could help some newbies in trading crypto

I do agree with this. The number one enemy and problem for most traders are their emotions. They should try to master it first before entering in the market.

Protonem

jr. member

Activity: 225

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Quote from: kimochidesh on June 04, 2018, 11:43:14 PM

Two very important tips for beginners in trading:
1. Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2. Many traders cannot spend much time in this market. Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process

That may be one of the reasons why many new investors are doing panic sell when prices start to fall dip, we already known this crypto price always has much volatile since few years ago, but those new investors just want to get instant results, while volatile crypto could be a game of the whales.

GawirZZ

newbie

Activity: 168

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1. before you trade you must know first the risks and losses bberdagang in crypto, do not until you despair.
2. you should be able to manage the emotions when selling and buying, the key to successful trading is patient.

FalcoonRed

newbie

Activity: 196

Merit: 0

1. You must know when to buy and whether the coin is potentially in the future.
2. You must be patient when selling it, do not lose and sharpen the analysis.

Thanasis

hero member

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Quote from: CybereyesWinger on August 01, 2018, 02:29:49 AM

Quote from: acidburn14 on May 28, 2018, 10:37:47 AM

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.
2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.
Hope this could help some newbies in trading crypto

Very important! Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future. With the coming quantum technologies, the current market must experience many changes. To be more exact, many coins will leave the market, as there will simply be no demand for them, due to the same technological superiority.

Investing on ICOs are very much riskier than the trading and holding and it is definitely not for the newbies because there are lot of ICOs were scam and targeting the newbie investors so don't invest on ICOs if you are new to crypto currencies.Experience is the important thing needed to be successful in the crypto trading you can get that by yourself once you actively involves in trading.

pluMmet

sr. member

Activity: 588

Merit: 251

Quote from: Tytanowy Janusz on June 26, 2018, 11:45:56 AM

As trader you need to be able to admit lost trades. Be able to say "i was wrong" and cut losses. It might be hard and sometimes will make you eat your table when coin will rebounce after your sell but it is must have. Dont jump into trade when you see opportunity on 5 min candles for next 30 min time period and stick to that position for weeks hoping for it to recover. Alwais have exit strategy when entering market. And alwais change it if you see that market is not acting like you predict it.

To help admiting lost trades try to thing about trading as regular job and lost trades as fuel to get to work. Because there is no 100% accurate trader with 100% win trades.

Usually traders dare to hold the position of loss until a long time with the hope the price will reverse direction. In fact this way of trading will tend to destroy your account because you never limit the risk. Any sophisticated trading strategy used, you must still determine the stop loss as an early protection. Test your strategy first and do not change strategy quickly. If you've found the right one, be consistent with the strategy you've chosen and the discipline of using it.

eaglewhite80

member

Activity: 406

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Well, those are some nice tips. Unfortunately, they are tips that can only be applicable to those who have decided to learn first and be sure they have enough knowledge to push further. The best tip I would ever give anyone is to learn, practice with little after wards, keep learning and until you have gain some confidence to see your strategy is good enough to keep giving you good profit, then do not even think about going in proper. That would save any newbie the frustration of losing almost everything.

GalahadSeika

full member

Activity: 179

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3rd tip, don't trust anyone. TRUST YOUR INSTICT! This is what I've learned in cryptocurrencies. Don't join in some pump groups and signal groups that are unpaid. They are the only people that can get profit out of those. SO DON'T JUST GO IN THERE, FALLING TO THEIR TRAP.

Maymun_lavigne

full member

Activity: 434

Merit: 126

Quote from: acidburn14 on May 28, 2018, 10:37:47 AM

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.

2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

Hope this could help some newbies in trading crypto

determine your risks carefully.
this is certainly going to be done by everyone in the trade, nevertheless the trade name there is definitely a term profit and loss. Because not always what we want the same as the reality that the name of the market price must change change can go up can also go down.

plan your goals and stick to your plans.
the plan of a merchant would want to earn a profit and stick to your plan is not going to be easy, because if we have entered the market and start trading what we think would have changed.your motion will come and happened panic buying and selling because market movement is very fast .

Pattart

hero member

Activity: 1190

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Quote from: kimochidesh on June 04, 2018, 11:43:14 PM

Two very important tips for beginners in trading:
1. Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2. Many traders cannot spend much time in this market. Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process

Yeah there are many tips to follow and I agree with you to read anything from market to predict price, including marketcap, because
that is the most important part. yeah right, trading needs more allocation so you can understand what will happen to the market..

BabyBoss

full member

Activity: 462

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Quote from: acidburn14 on May 28, 2018, 10:37:47 AM

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.

2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

Hope this could help some newbies in trading crypto

Plan to is very important and is more useful, I don’t think knowing my self is part of this but Control my self is more important in crypto world. In order to stick in your plan you need to control your emotions and self. Thats all.

megasynk

newbie

Activity: 69

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Invest only such amount you're not afraid to lose. Be patient with selling.

shrey_27

newbie

Activity: 3

Merit: 0

1.Knowledge is power
2.Set an amount aside
3.set aside time too
4.Start small
5.Avoid penny stocks
6.Time those trades
7.Cut Losses With Limit Orders
8.Be Realistic About Profits
9.Stay cool
10.Stick to the plan

Topic: 2 tips in trading for beginners - page 6. (Read 1032 times)