2 tips in trading for beginners - page 7.

raider150shifter

jr. member

Activity: 126

Merit: 1

Quote from: acidburn14 on May 28, 2018, 09:37:47 AM

2. Plan your goals. Stick to your plan.

Don't get this literally, use the tools and indicators.
use stop-loss if you're scalping if you're into day trading
be flexible, doesn't mean you're losing you need to sell,
you can hodl and wait for the coin to pump again.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

I agree that we need to know yourself before we trade and we need to have a plan for trading. without having that two tips, we cannot survive in trading and we cannot make a profit too. knowing yourself is the most important things that we need to know because, in trading, we don't have to be greedy when we see our profit is big and it's better to take that profit while we can before it's too late. we need to always control the emotion in trading too especially when the price is down because this is only attracting us to cut loss the coins at a low price.

CybereyesWinger

newbie

Activity: 56

Merit: 0

Quote from: acidburn14 on May 28, 2018, 09:37:47 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.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: antran123 on July 31, 2018, 08:57:23 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.

I want to take the conservative way of trading which is to take back my capital and let my profit do the rest. Of course if you have bigger capital then you will have bigger profits as well but then when the opposite happens then you will have bigger loss so you should take all this into account and decide what is best for you. I would just like the conservative way because it would be favorable on my part knowing that my money is already safe and whatever happens to the market, I am in profit.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Risk analysis is definitely one of the crucial factors while determining the trading strategies. I have seen people taking decisions considering the decisions of others and they simply ignore their own risk-bearing capacity. On the other hand, that's why the investors having no investment plan at all couldn't stick with their investment decisions. These factors are interrelated in my opinion.

antran123

jr. member

Activity: 182

Merit: 1

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.

krasheed11

newbie

Activity: 93

Merit: 0

CET is very good
EST. daily dividend per million CET: 0.31073682 BCH

The total CET supply is fixed at 10 billion.

laracastvue

member

Activity: 336

Merit: 10

Quote from: Magiklair on July 28, 2018, 08:22:34 AM

To my mind, the main recommendation is to sell when the price is high and buy when it is low, i think that it is obvious for everyone who has ever wanted to enter the crypto market as this is the main rule

You are right, the strategy is very simple and that is to buy when low and sell when the price goes high, the problem will only occur when you cannot handle your patience and you sell your coins at its lowest price even the market value's are currently low.

coinwizard_

jr. member

Activity: 336

Merit: 5

Most Advanced Crypto Exchange on the Blockchain

This advice is good for newbies moving on towards intermediate level trading. As a complete newbie just invest in some dogecoin and practise on the exchanges and wallets, then learn to profit trade afterwards

panjay

sr. member

Activity: 1079

Merit: 352

Quote from: acidburn14 on May 28, 2018, 09:37:47 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

the two things that are you mentioned often get disregards not only to a beginner but also to the veteran, well if fomo attack everyone can be a part of the said herd. The problem is the discipline part where you always do your trade on something like this though.

blackbold

full member

Activity: 384

Merit: 100

and I think the most important thing in trading is always be careful in making decisions, you should not be influenced by anything

ukboss

full member

Activity: 742

Merit: 100

Trading is a very scurrilous task if you don’t follow coin price you can lose your whole money off if you make a wrong order you can lose your money. Most of the beginners make one mistake that is the wrong order. Never create a wrong order, must follow market price than open a perfect order for buy and sell. This is very important never make a trading over 10 times if you lose 3 times in a day. Must control your emotion, without control emotion you can’t make a good result in your trading.

yousbabtle

jr. member

Activity: 75

Merit: 2

Quote from: Panpan66L on July 21, 2018, 06:09:16 AM

For me the second point is quite strange because I don't know how the fortune will define my day, if it will be a great day trading I think I will go till I can so it is really hard to point some goals out.

I'm not having any confusion over the second point. If we are sticking with our plan then we can definitely hit our fortune which will be helping us to find our day. We should believe into our trading skills to find a great trading day otherwise trading will turn as a gambling.

dadanramdan

newbie

Activity: 20

Merit: 0

to start trading we are required to observe the movement of prices and also news circulating through social media such as twitter, fb etc.
and also with that patience is the key to success in achieving success.

Ekenegbu123

newbie

Activity: 154

Merit: 0

These are really what a trader needs to use to kick start his or her trading career. One needs to know wether he is a conservative trader or an aggressive trader to be able to ascertain his or her abilities in trading. Overall, nice tips

johnwest

hero member

Activity: 1106

Merit: 503

BabelFish - FISH Token Sale at Sovryn

Understand your risk factors and know when to get out are the two most important tips I can give to the newbie traders. People become holders very early and wont sell the profits when they can. Its definitely not how trading works. Get your profits and dont regret about it.

Fantastickarl

newbie

Activity: 140

Merit: 0

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

nightways

full member

Activity: 434

Merit: 102

Quote from: Magiklair on July 20, 2018, 04:04:14 AM

Thanks for the useful post, I consider it very useful. as for the goals, I think that they are the most important for reaching success. i think that these tips are the most helpful for me and all traders-beginners

Select your best choice and search out the market price is low or high, once you see low price then buy a lot and wait for the market price to go high again which is reflecting that you will be in benefit for which you have to buy in low market. The Bitcoin’s market is available these days with low price per coin so we have this better choice after buying wait and sell in high market.

joyclicks

jr. member

Activity: 64

Merit: 2

Quote from: trumper on July 20, 2018, 12:31:01 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.

Buying or selling may happen too early only because of lack of knowledge. Making enough profits will be possible when we are having good knowledge about trading. People who are getting into trading with a rash, definitely will fail in making good trading calls. They must learn trading first then only they can make good trading calls which will help them to sell or buy at right times.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: Kingsingle on July 28, 2018, 09:10:29 AM

No need to have many tips, you just hold the patience you will be successful. That is the secret of many people do.

It's not only of being patient will give you success but it needs to strategies and give efforts. Even though you have a plan but if you won't do it, it's still useless and be just a plan forever. We cant deny that, and mostly have that attitude.

Topic: 2 tips in trading for beginners - page 7. (Read 1064 times)