3 things should not be too in trading - page 7.

Clark05

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Quote from: cutesgirl on October 07, 2019, 08:37:59 PM

I have best way how to get profit with your money in trading with low risk, if you have much money never put in one altcoin kind only, example if you have 1 BTC never use for buying or trading in one altcoin kind, but use for trading with five or ten altcoin kinds because when your one altcoin trading lost could take recovery for other altcoin.

Smart traders do this because as a trader I have a lot of altcoins because they have some altcoins who dump but the other is not or stable or maybe it increased.

I believe every traders have different techniques and startegy in trading depends on what is works on them because maybe the startegy of them is not suitable for me and my startegy is not works them so better to make experiment what strategy is best.

dimonstration

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Some do trading without setting too much rules and some do it by having rules, some watch the market all day long and some just pick hours to do it. It depends on our understanding, capability and circumstances when we do trading. I don't do much trading now but when I do I only set amount where It's realistic that it will reach that amount and not being too greedy since I missed lots of opportunities before when I follow too much indicators and pressure myself in reaching certain amounts. We will all learn from experience until we realize we just able to do it without pressure and accepts the amount gain or loss.

DaftAjax

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Quote from: cutesgirl on October 07, 2019, 08:37:59 PM

I have best way how to get profit with your money in trading with low risk, if you have much money never put in one altcoin kind only, example if you have 1 BTC never use for buying or trading in one altcoin kind, but use for trading with five or ten altcoin kinds because when your one altcoin trading lost could take recovery for other altcoin.

I understand your point, but your method is just one of many, and to be frank, it's not always "the best" method.

Yes, your method may be the safest route but think about traders who can afford to risk large amounts and preferably gain larger amount. Spreading your trades to altcoins(mostly shitcoins) that don't even have the potential to be a catch is just a waste of money and time.

I'd say be active in the charts and make your decisions to where your investments will go, AND don't spread too much, why(?), because you may have greens in your transaction history but only gains little, you may as well invest in a more profitable one.

cutesgirl

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I have best way how to get profit with your money in trading with low risk, if you have much money never put in one altcoin kind only, example if you have 1 BTC never use for buying or trading in one altcoin kind, but use for trading with five or ten altcoin kinds because when your one altcoin trading lost could take recovery for other altcoin.

Genemind

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Quote from: MFahad on October 03, 2019, 07:25:50 AM

Quote from: Mandoy on October 03, 2019, 07:06:57 AM

I have read your three point list and there are some correct items on it but let us generalize things. Every trader has its own techniques and style in trading and in their way its either they gain profit or lose. There are no perfect strategies or totally wrong choices in trading since everything is determined by the market. Some players are attuned to trading in huge volume while some are not, this is just an example about the uniqueness of the trader. So in the end the most important things that a trade should have is knowledge, skills and experience and as long as he knows what he is doing.

The most important thing is that you understand the trading and no not depend upon signals or trading social media groups. At the beginning of my trading career, i used to listen a lot of you tubers and follow their signals n advises. That's was the biggest mistake i did. They ask you to buy a coin which they already have bought, and then they dumb on you. So if you want to trade, be self sufficient and do not depend upon other signals. The best is to get some training on understanding the trends, bars etc and do trading yourself.

I also experienced the same thing when I was starting with trading. I relied everything on signals and technical analysis of others which caused me uncertain losses. I have learned from that so I did the same thing. I studied the basics of trading and applied the simplest strategy which is to buy low and to sell high. Sometimes, we should make decisions firm on our own. We must have the eagerness to learn everything about crypto trading and must not depend on the speculations of others.

alexsandria

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I agree on many points you have mentioned. I just wanted to remind those new and young traders. Surely there will be tough times where you will lose much money, but don't let that hold you back. Experience will be your sword here. Yes maybe the post have mentioned some techniques but we have our own techniques that works on us, and patience is needed for us to find that out.

DabsPoorVersion

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Quote from: lionheart78 on October 06, 2019, 02:49:31 AM

You could have added more on that list.

1. Don't trade while your drunk. Trading in an optimum condition of a body is already hard what more when you are not in the proper state of your mind. Being drunk while trading can incur severe lost of funds.
2. Don't trade when you are too emotional. Same thing as drunk, being emotional gives you a biased judgement. Sometimes it beats rationality that may affect your trading strategy and cause losses.

Indeed, it is not healthy for an individual investor if he is not in his proper state. Trading requires clear mind and wise decision making to prevent the unnecessary investment or moves. If you are not in your proper mind, this will lead you on losing your investment.

Miklight88

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lots of skill in the way up but many dont have what its to trade rather than holding but wish to be buying low and sell hinlgh but end up buying high and sell low and all require is skill to be able to determine when you can buy and sell .

maydna

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You can add more for ourselves. Chasing the profit without having skills will be another thing that should not be at trading because if you don't have the skill, it's too difficult for you to get any profit in one trade or more trade. Trading too much will not be recommended even if that trader knows how to trade, and they need to prevent a big loss. It is better to trade with some money, not too big and not too small so you can only buy for the right coins because your chance to make a profit will bigger.

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Quote from: Alexandr Kirichenko on October 05, 2019, 01:03:55 PM

It's healthy. I have seen many traders who trade and make similar mistakes or apply clear and correct strategies. It's all individual. The only thing that I realized, you need to understand this well and use only part of the capital that in case of failure you are ready to lose.

in short "invest what you can afford to lose "as all of the seniors here says about,never to greed to earn because this is the only reason that our strategy sometimes broken

Quote from: fiulpro on October 06, 2019, 02:49:21 AM

I think the best thing you could do is , first use a good bank and then add it with your trading account this would help you a good deal when you need to incash timely , because when you are trading you have to actually be ready for anything , sometimes the government might change its policies and you would need to encash the amount in a very small amount of time and I think that helps a lot .

actually some friend advised me this but since i already stopped trading i didn't bother to check how it works
having Bank for trading ,i think since i'm considering to try my luck again all the tips in this thread will be helpful ,Bookmarking for reference

gmreal1

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From my experience day-trading with leverage is really hard and I don't see much value in it. The risk is too high, although with crypto you can have really good gains if you spent your whole day on it.
Watching the 5 minute and 15 minute candles is pointless. 4 Hour, daily and weekly give you a clear insight instead.
This is how investments happen. You can't buy the absolute bottom or short the absolute top unless you put thousands of orders.

lionheart78

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You could have added more on that list.

1. Don't trade while your drunk. Trading in an optimum condition of a body is already hard what more when you are not in the proper state of your mind. Being drunk while trading can incur severe lost of funds.
2. Don't trade when you are too emotional. Same thing as drunk, being emotional gives you a biased judgement. Sometimes it beats rationality that may affect your trading strategy and cause losses.

fiulpro

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I think the best thing you could do is , first use a good bank and then add it with your trading account this would help you a good deal when you need to encash timely , because when you are trading you have to actually be ready for anything , sometimes the government might change its policies and you would need to encash the amount in a very small amount of time and I think that helps a lot .

bhabygrim

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Yes it is true and for me the best thing that a trader shouldn't do is listen to some strangers advice and take it seriously.
Most of the new traders are so gullible that they could easily fall into those signal groups or join some paid or VIP signal groups.
And also they should learn how to trade properly search some info about the crypto that they would invest in.

Kyraishi

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Quote from: MFahad on October 03, 2019, 07:25:50 AM

Quote from: Mandoy on October 03, 2019, 07:06:57 AM

I have read your three point list and there are some correct items on it but let us generalize things. Every trader has its own techniques and style in trading and in their way its either they gain profit or lose. There are no perfect strategies or totally wrong choices in trading since everything is determined by the market. Some players are attuned to trading in huge volume while some are not, this is just an example about the uniqueness of the trader. So in the end the most important things that a trade should have is knowledge, skills and experience and as long as he knows what he is doing.

The most important thing is that you understand the trading and no not depend upon signals or trading social media groups. At the beginning of my trading career, i used to listen a lot of you tubers and follow their signals n advises. That's was the biggest mistake i did. They ask you to buy a coin which they already have bought, and then they dumb on you. So if you want to trade, be self sufficient and do not depend upon other signals. The best is to get some training on understanding the trends, bars etc and do trading yourself.

Most of the signals/youtube videos are hidden scams, and if a signal group isn't a scam at the start, you are playing with fire and the profits your making is probably of someone who just got burned and lost money. You will eventually lose your money from them and the only people who do make money of the groups is the owner usually.

I would agree with your last 2 points on what people should never do, but a lot of experienced traders are able to have a lot of open orders and trade a lot per day, and it's only some people who can't handle the stress from trading a lot.

rodel caling

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I appreciate your articles pointing out 3 things not to be in trading, being a crypto trader they can't avoid loses trap due to the market volatility.
In trading their nothing can make easy money and no one perfect traders everyone can experience lose and trap during they made decision in their trading strategy. Skills and knowledge with full of education in what we can do in own strategy how to make profits in crypto.

YuginKadoya

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I do believe that traders have their own unique technique and style when it comes to trading, They can tend to trade in volumes and win most of it and they can become too hasty and always in a hurry for things you can not decide for them they had their own goals and method is pertaining with trading, In my opinion, you got points in giving this tips but it will surely base on that person if it is working for him or not, reading news but sometimes following them may lead you to trouble, I think a hunch is more likely to succeed than planning things in trading.

Astvile

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Quote from: jane maradona on October 03, 2019, 02:07:11 AM

Trade too much

To be real there are many traders who loves doing multiple trades and at multiple coins too, it just depends on the person if you can handle the pressure and a lot of time for those trades. Yes, it is really hard but trust me it will be easy if you love doing multiple trades and trading many times a day.

Willitivity

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Trading is a very intricate thing and should be treated with very much carefulness and attention. Those are pretty nice tips for new traders to have at the back of the mind. I could remember when I started trading, I thought trading so many times in a day will mean heavy profits, but I was so wrong on that. I had to enter and exit each trade very early with a ver meagre profit.
Having some good trading plan and developing a trading habit to stick to is a sure way to go.

Bitcoin Seller

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Quote from: jakelyson on October 03, 2019, 09:11:23 AM

Quote from: jane maradona on October 03, 2019, 02:07:11 AM

Trade too much

Applicable only if you cannot handle the stress of handling too many open trades. There are many ways, techniques, and tools you can use to properly manage your trades.

Quote from: jane maradona on October 03, 2019, 02:07:11 AM

The trading volume is too large

I agree with this. As a rule, I always limit trades to 10% of my trading capital. Anything above that will be gambling.

Quote from: jane maradona on October 03, 2019, 02:07:11 AM

Know too many methods

For beginners, it is just okay to know many methods and techniques in trading. It takes a while before you can find the techniques you are comfortable with. And you may have to go through all the techniques before you can find the one that suits your style.

Trading without rest can become an addiction, and it might be cured even (if problems begin). It should be added that any person who decides to engage in cryptocurrencies trading, and especially day trading, is at risk. Indeed, to one degree or another, practically all of us have traits in our character that can, under certain circumstances, provoke the formation of dependence.

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