5 steps for traders | Bitcointalksearch.org

MinMan

full member

Activity: 628

Merit: 154

Quote from: Best Dreams on April 19, 2018, 04:37:55 AM

Quote from: ylnar123 on April 18, 2018, 08:48:58 AM

Quote from: Baoo on April 05, 2018, 08:06:31 AM

Hello everyone, due to this crisis I see that many traders are afraid about what happened in the market and some of them wondering like that, Is this the right time to buy or sell ? What should I do ? ...

I know that this period is difficult for everyone, so I want to advise every trader who is scared , confused, and hesitant... :

1- The only one who can help and save you is yourself:
If you help yourself, then you will not need any advice from others.

2- You should see it as it is ( the loss ) , not worse than it is :
Do not complicate it, the problems ( losses ) exists in all fields, but when you do not give it a big size, then you can overcome any issue.

3- You must accept the truth ( Big fall), and deal with it ( intelligently) :
Things always change, but you must always adapt to each new situtation.

4- Take the right vision about the whole situation:
You must have a global view of the market, and the situation must be studied well.

5- You must give more than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

Hope these tips will help everyone.

What do you think guys?

How does this even help? Everyone knows what to do when you want to be a trader. Well the only thing that comes to my mind is to study and learn what cryptocurrencies so that you will not be down in case you done wrong in a trade. Remember to always trade when you are at the peak to avoid losses.

Yes everyone know about it but it is good to tell everyone about it, we should share our knowledge with everyone, buy for trading, hold with patience and wait till the price of bitcoin will rise high, all the time trade for long time don’t sell at panic, try to buy when the price is low. Don’t let anyone know about your private key, so there are some point that I know about trading I shared with you, hope it will help you out.

When it comes to that of making of money, trading is the most difficult job to do and that it really needs you to put in the bets of your efforts and that it demands a high knowledge and good skillset. Once you are into trading, then you need to stay into it until and unless you are not making anything profitable and that you need to think very well before making any final decision.

Dart18

sr. member

Activity: 1400

Merit: 259

Okay that is cool.
But we cannot really see what could happen.
Recently I sold one of my token in portfolio and somehow got 2.8ETH.
Now, their telegram got populated and I told myself I should really buy back. Waited for it to go down but it didnt.
So I risked it buying at a larger price in ETH.
Now I am almost at the amount of doubling it when converted.
I guess it all comes with the right timing.

bezygly

member

Activity: 266

Merit: 10

These tips are good, but they will not help beginners.
To understand how this works it is necessary to feel everything on oneself, reading it is certainly great, but the most important thing is the practice and your personal way in the trade. So trade, the more mistakes you make, the more you will earn in the future, the error is an experience that will bring you new knowledge and confidence in your actions.

KalaiBTC

full member

Activity: 448

Merit: 102

Quote from: Coin-1 on April 18, 2018, 07:48:48 AM

Quote from: Baoo on April 05, 2018, 08:06:31 AM

4- Take the right vision about the whole situation:
You must have a global view of the market, and the situation must be studied well.

5- You must give more than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

Hope these tips will help everyone.

What do you think guys?

I think that the first three paragraphs are mostly concerned to a psychology describing the current mood of the trader. The main point you mentioned is the fourth paragraph. It's true about global view of the crypto exchange market. To predict the prices of crypto currencies, the trader should read news very often and learn about the current situation in the world economics and even politics. This information really helps to come to a correct financial conclusions.

Or else, a trader can follow some good crypto expert whose predictions have not proved to be wrong so far. moreover, it is day trading that demands such high work because a long term trader just needs to look at the price of bitcoin on daily basis at most. Some people think that crypto trading is a difficult job but honestly, it is not that tough and just a bit challenging.

Best Dreams

full member

Activity: 1008

Merit: 101

Quote from: ylnar123 on April 18, 2018, 08:48:58 AM

Quote from: Baoo on April 05, 2018, 08:06:31 AM

Hello everyone, due to this crisis I see that many traders are afraid about what happened in the market and some of them wondering like that, Is this the right time to buy or sell ? What should I do ? ...

I know that this period is difficult for everyone, so I want to advise every trader who is scared , confused, and hesitant... :

1- The only one who can help and save you is yourself:
If you help yourself, then you will not need any advice from others.

2- You should see it as it is ( the loss ) , not worse than it is :
Do not complicate it, the problems ( losses ) exists in all fields, but when you do not give it a big size, then you can overcome any issue.

3- You must accept the truth ( Big fall), and deal with it ( intelligently) :
Things always change, but you must always adapt to each new situtation.

4- Take the right vision about the whole situation:
You must have a global view of the market, and the situation must be studied well.

5- You must give more than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

Hope these tips will help everyone.

What do you think guys?

How does this even help? Everyone knows what to do when you want to be a trader. Well the only thing that comes to my mind is to study and learn what cryptocurrencies so that you will not be down in case you done wrong in a trade. Remember to always trade when you are at the peak to avoid losses.

Yes everyone know about it but it is good to tell everyone about it, we should share our knowledge with everyone, buy for trading, hold with patience and wait till the price of bitcoin will rise high, all the time trade for long time don’t sell at panic, try to buy when the price is low. Don’t let anyone know about your private key, so there are some point that I know about trading I shared with you, hope it will help you out.

ylnar123

member

Activity: 350

Merit: 10

Quote from: Baoo on April 05, 2018, 08:06:31 AM

Hello everyone, due to this crisis I see that many traders are afraid about what happened in the market and some of them wondering like that, Is this the right time to buy or sell ? What should I do ? ...

I know that this period is difficult for everyone, so I want to advise every trader who is scared , confused, and hesitant... :

1- The only one who can help and save you is yourself:
If you help yourself, then you will not need any advice from others.

2- You should see it as it is ( the loss ) , not worse than it is :
Do not complicate it, the problems ( losses ) exists in all fields, but when you do not give it a big size, then you can overcome any issue.

3- You must accept the truth ( Big fall), and deal with it ( intelligently) :
Things always change, but you must always adapt to each new situtation.

4- Take the right vision about the whole situation:
You must have a global view of the market, and the situation must be studied well.

5- You must give more than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

Hope these tips will help everyone.

What do you think guys?

How does this even help? Everyone knows what to do when you want to be a trader. Well the only thing that comes to my mind is to study and learn what cryptocurrencies so that you will not be down in case you done wrong in a trade. Remember to always trade when you are at the peak to avoid losses.

Coin-1

legendary

Activity: 2618

Merit: 2304

Quote from: Baoo on April 05, 2018, 08:06:31 AM

4- Take the right vision about the whole situation:
You must have a global view of the market, and the situation must be studied well.

5- You must give more than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

Hope these tips will help everyone.

What do you think guys?

I think that the first three paragraphs are mostly concerned to a psychology describing the current mood of the trader. The main point you mentioned is the fourth paragraph. It's true about global view of the crypto exchange market. To predict the prices of crypto currencies, the trader should read news very often and learn about the current situation in the world economics and even politics. This information really helps to come to a correct financial conclusions.

saturn.network

jr. member

Activity: 193

Merit: 2

Team Saturn

These are some pretty crucial steps when it comes to trading, but the biggest one is using a decentralized exchange.

Remember: it is not crypto if you do not have hold of your private key.

awongs

newbie

Activity: 90

Merit: 0

thanks for the information you have provided. This information can add to our knowledge as a merchant. I really response once with the first point that it is true as a trader who participated in the world of trade will surely experience ups and downs, especially losses and it can also occur in all areas. That is the risk to be faced. Hopefully the information you provide can be useful.

Leonard2016

hero member

Activity: 1036

Merit: 520

Quote from: Baoo on April 05, 2018, 08:06:31 AM

Hello everyone, due to this crisis I see that many traders are afraid about what happened in the market and some of them wondering like that, Is this the right time to buy or sell ? What should I do ? ...

I know that this period is difficult for everyone, so I want to advise every trader who is scared , confused, and hesitant... :

1- The only one who can help and save you is yourself:
If you help yourself, then you will not need any advice from others.

2- You should see it as it is ( the loss ) , not worse than it is :
Do not complicate it, the problems ( losses ) exists in all fields, but when you do not give it a big size, then you can overcome any issue.

3- You must accept the truth ( Big fall), and deal with it ( intelligently) :
Things always change, but you must always adapt to each new situtation.

4- Take the right vision about the whole situation:
You must have a global view of the market, and the situation must be studied well.

5- You must give more than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

Hope these tips will help everyone.

What do you think guys?

I like the way you have written it that in first of every sentence there is a "you"
You are the reason of your losses or your profits , Only you are the 100% reason , You can't expect to win if you can't tolerate the losing.

anitaraymonds

full member

Activity: 490

Merit: 100

Quote from: Baoo on April 05, 2018, 08:06:31 AM

Hello everyone, due to this crisis I see that many traders are afraid about what happened in the market and some of them wondering like that, Is this the right time to buy or sell ? What should I do ? ...

I know that this period is difficult for everyone, so I want to advise every trader who is scared , confused, and hesitant... :

1- The only one who can help and save you is yourself:
If you help yourself, then you will not need any advice from others.

2- You should see it as it is ( the loss ) , not worse than it is :
Do not complicate it, the problems ( losses ) exists in all fields, but when you do not give it a big size, then you can overcome any issue.

3- You must accept the truth ( Big fall), and deal with it ( intelligently) :
Things always change, but you must always adapt to each new situtation.

4- Take the right vision about the whole situation:
You must have a global view of the market, and the situation must be studied well.

5- You must give more than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

I think if you have a trading plan and strictly follow your trading plan you will safely trade and make some profits. Always trade with stop loss and take profit set points.

Hope these tips will help everyone.

What do you think guys?

cryptolet

newbie

Activity: 229

Merit: 0

To me i will say that the five steps for traders are; open a bank account, read about the market, learn to analyze the trade, pratice trading and manage the risk in trading.

Babyjamz3026

full member

Activity: 361

Merit: 101

Quote from: Baoo on April 05, 2018, 08:06:31 AM

Hello everyone, due to this crisis I see that many traders are afraid about what happened in the market and some of them wondering like that, Is this the right time to buy or sell ? What should I do ? ...

I know that this period is difficult for everyone, so I want to advise every trader who is scared , confused, and hesitant... :

1- The only one who can help and save you is yourself:
If you help yourself, then you will not need any advice from others.

2- You should see it as it is ( the loss ) , not worse than it is :
Do not complicate it, the problems ( losses ) exists in all fields, but when you do not give it a big size, then you can overcome any issue.

3- You must accept the truth ( Big fall), and deal with it ( intelligently) :
Things always change, but you must always adapt to each new situtation.

4- Take the right vision about the whole situation:
You must have a global view of the market, and the situation must be studied well.

5- You must give more than you expect to receive :
When you give a great effort and do not even think about the result , then you will achieve what you want or more than it is.

Hope these tips will help everyone.

What do you think guys?

I like the first actually, due to it is true. No one can save us from losses except to ourselves even to our winning rewards in trading are depending to our choice and decision on which coins we are going to buy or hold in.

wildflower18

sr. member

Activity: 714

Merit: 250

Quote from: totholio on April 08, 2018, 12:28:49 PM

Being focused mentally and critical thinking is extremely important, the craziness and interesting thing about a hyped token/coin can extremely reduce your thinking to dreaming about what the price would be in a year.

Being focused everytime as a traders to become good on what you are doing. Always analyze on what type in trading for us not to be disappoint in the end. Actually above lists are also helpful not only for me but for all traders.

totholio

member

Activity: 294

Merit: 17

Being focused mentally and critical thinking is extremely important, the craziness and interesting thing about a hyped token/coin can extremely reduce your thinking to dreaming about what the price would be in a year.

JC btc

sr. member

Activity: 770

Merit: 253

Quote from: FalcoonRed on April 08, 2018, 11:08:59 AM

In my opinion :
1.You should know first what type you will trade
2. Learn what type you trade
3.cari know about the type you will trade, find out the type, market, price and others.
4. Analyze what type you are trading.
5.count the profit and loss of the type you are trading.

We must ready ourselves all the time, trading is risky and is not easy to do we must give up most of the time because we need to focus here especially if we want to do day trading, there are some techniques to do it but we need to study first before we can familiarize it.

coupable

hero member

Activity: 2338

Merit: 757

Quote from: goaldigger on April 08, 2018, 06:32:31 AM

The steps are a good idea and im particular to step one where the only one who can save you is yourself. You can only depend on yourself you earn and loss by yourself. You cannot point out others whenever you might get loss. This was the first thing a trader should posses and we should note this one out.

This may only applied for traders that are impressed by volatile markets without the minimum knowledge of the token backed service/product. Holding, as a part of trading techniques, gives no benefits for the holder unless trusting the project and the team behind it. Dump and pump in trading are normal facts that were always happening.

sandor111

hero member

Activity: 616

Merit: 500

Quote from: MittoHuy on April 08, 2018, 09:50:05 AM

Can you tell me how to set stoploss in binance? thanks

You have three trading options on Binance, Limit, Market and Stop-Limit. The last one is basically a stoploss when you set it in Sell part. You set the trigger price in first line (Stop), this is the low price when you want to stop your loss and sell before your loss gets even bigger. Obviously you don't want that, you expect the price to grow, but if things don't go as planned, you might want to sell before it plummets even more. So you set this price about 10 to 20% bellow current price. If the price will drop to that price, your order will trigger.
In second line (Limit) set the price at which you want to sell your coins. This should be a little LOWER than the "Stop" price in first line because you want to sell immediately when your order is triggered so if your Limit price should be lower and this way your coins will be sold immediately.
If you set Limit price higher than Stop price, then it could happen that your coins will never get sold because the price will be falling and no one will buy your coins because there are cheaper offers. I suggest that you set Limit price about 2% lower than Stop price.

Video explanation here: https://youtu.be/pSw_pOzDd_g?t=4m33s [important part is from 4:35 onward]

izanagi narukami

legendary

Activity: 2030

Merit: 1028

Of course it's not simple as it says but it will help people to be more carefull because as we are know that bitcoin trading is unpredictable activity so even if you're experience bitcoin trader able to experience major loss.

For me , when I decide to invest crypto world, I have set how much I can afford to loss !

FalcoonRed

newbie

Activity: 196

Merit: 0

In my opinion :
1.You should know first what type you will trade
2. Learn what type you trade
3.cari know about the type you will trade, find out the type, market, price and others.
4. Analyze what type you are trading.
5.count the profit and loss of the type you are trading.

Topic: 5 steps for traders (Read 423 times)