5 Things All traders should Do - page 3.

betlord90

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Quote from: MintCondition on August 29, 2017, 10:11:21 PM

Quote from: r0bb0 on August 29, 2017, 09:34:51 PM

Quote from: Rizky Aditya on August 29, 2017, 02:18:02 PM

Quote from: benjioneniner on August 26, 2017, 02:03:43 PM

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed Tongue

yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Holding isnt exactly trading though is it? Thats great advice for investors not traders

The risk in holding is not that high than in trading. Trading predictions were too hard to determined though in holding it seems we just saving it or maybe targeting an amount it can reach until we sell it. In holding theres no too much pressure unlike in trading.

I can't call that they have similar risk but the different of them is by hodling you can miss the possible high profits by the time hype will come unto it and you will be left by low profits since people are enough for that hype but that time. But we can earn more by holding our coins for long times since some of the other alts prove that it pump so hard when many months past and their plan project has been implemented.

MintCondition

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Quote from: r0bb0 on August 29, 2017, 09:34:51 PM

Quote from: Rizky Aditya on August 29, 2017, 02:18:02 PM

Quote from: benjioneniner on August 26, 2017, 02:03:43 PM

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed Tongue

yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Holding isnt exactly trading though is it? Thats great advice for investors not traders

The risk in holding is not that high than in trading. Trading predictions were too hard to determined though in holding it seems we just saving it or maybe targeting an amount it can reach until we sell it. In holding theres no too much pressure unlike in trading.

r0bb0

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Quote from: Rizky Aditya on August 29, 2017, 02:18:02 PM

Quote from: benjioneniner on August 26, 2017, 02:03:43 PM

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed Tongue

yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Holding isnt exactly trading though is it? Thats great advice for investors not traders

Cormoran

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Quote from: Rizky Aditya on August 29, 2017, 02:18:02 PM

Quote from: benjioneniner on August 26, 2017, 02:03:43 PM

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed Tongue

yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Right now, it's a long-term bull market and holding is indeed a great strategy. Perhaps you should think about when you actually recoup your investment or profit from it, though? Don't let fear rule you, but don't let blind optimism do so either. Bitcoin is priced based on people's confidence in it, and it can indeed crash just like many other investments have. It may seem unlikely now, with an established market, but it's not like the bitcoin miners are entirely specialized to bitcoin - they're just SHA256. The market as a whole could adjust to bitcoin crashing within a week, leaving those who held through the entire run very unhappy that they didn't sell when they had the chance. Is now the time? That's up to you and your own risk/reward tolerances, which are definitely something any trader should know before getting involved. There's a difference between letting fear rule you, compared to making a reasoned calculation of the risks vs rewards and deciding to sell a part of your holdings.

TitanGEL

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Yeah I think that we must do all the things that you said. All traders must know to when is the right to sell their coins. They must do a great decision for them to do not regret the things that they will made.

hackl3r

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Don't panic!! and don't bet money that you can't lose, i mean money for eat.

Rizky Aditya

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Quote from: benjioneniner on August 26, 2017, 02:03:43 PM

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed Tongue

yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Pakboy

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"Proof-of-Asset Protocol"

khufuking

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Thanks a lot for whoever pumped that thread this 5 things is really helpful even tho I do not follow most of them at the moment but I have my reasons and I am accepting my risks I have all my money now in 2 coins hope I will get my target out of it . This thread is just a reminder for me I will try changing my trading habits soon I hope .

asyakashi

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Just.bet - Decentralized On-chain Casino

Controlling emotions becomes the most difficult thing to do. Every trade wants a profit, when it makes a profit it is perfectly normal to want to keep it. Human nature is like that. Already getting 10% then he's trying to get 20% and so on. Emotions that make us lose control and not focus. in the end we lose our strategy or worse lose money.

arpon11

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Most strategy I have see work for me is " never put your egg in one basket" that is number three in op five list. Many people are disappointed in trading because of putting all they risk capital in just one new altcoins. At the end they feel disappointed because there investment go against they prediction. The best way to have your brain rest is to split your capital in up to ten different coins.

benjioneniner

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1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

muncuss

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Quote from: MRlong on August 26, 2017, 01:19:10 AM

Quote from: muncuss on August 25, 2017, 07:56:38 AM

Quote from: ekoice on October 21, 2016, 05:30:26 AM

Yeah, its true.Most people trade based o emotions. When the price of the coin they goes a little down, they get scared and start selling it without knowing its worth.They should follow patience while trading

i still hard to managing my emotions. Down price isn't problem for me, but greed makes me lost the moment to sell. Then i must wait again for next pump. My advice: "don't be greedy, 10% profit is enough"

LOL, with other market, earn 1% per day is good profit. Why you want earning more profit while you can loss a lot of money anytime? In my opinion, the bubble and volatility of cryptocurrency market has make most trader have thought get rich fast.

oh that number is, something like example. I mean small profit is enough, you still gain profit even if only 0.5% .
You know, for some trader with a little money, 1% is too small

majeed

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Damn

I think there is only one thing that traders need to do: Learning. There are many traders skip this step because they believe that they can earn money with trading easily. They are totally wrong. Trading will be easy if you have obtained some knowledge but it will become the worst if you do not have a piece of knowledge in this field. Therefore, I highly recommend you to learn before trading

Victorycoin

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Quote from: electronicash on October 21, 2016, 03:32:31 AM

One advice i've read before is that if a trader finds himself and realize he had bought a coin which itseem like he don't know why, sell the coin in that very moment. Its going to be a worry free situation for him.

Such a situation as buying a coin one knows next to nothing need not arise in the first place, if a trader had taken a cue from op second tip: Always Be Prepared! The need to know one's market like the back of one's hand can never be overemphasized and the fewer the coins one concentrates his/her energy on, the better they are able to stay abreast with latest developments in the ecosystem. Trying to master a bunch of coins is simply an invitation to leave more money on the table.

datodota002

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voltesbit777

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5 things all traders should do such as follows:

1. Traders must be knowledgeable for every coins He/She will going to buy before doing the actual trade.

2. Traders emotions must be control by themselves.

3. Traders must know how to maximize or minimize their loss.

4. Traders must be risk taker.

5. Traders must know how to analyze the chart/graph in the monitor.

MRlong

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Quote from: muncuss on August 25, 2017, 07:56:38 AM

Quote from: ekoice on October 21, 2016, 05:30:26 AM

Yeah, its true.Most people trade based o emotions. When the price of the coin they goes a little down, they get scared and start selling it without knowing its worth.They should follow patience while trading

i still hard to managing my emotions. Down price isn't problem for me, but greed makes me lost the moment to sell. Then i must wait again for next pump. My advice: "don't be greedy, 10% profit is enough"

LOL, with other market, earn 1% per day is good profit. Why you want earning more profit while you can loss a lot of money anytime? In my opinion, the bubble and volatility of cryptocurrency market has make most trader have thought get rich fast.

Similificator

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Sled

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Bitcoin- in bullish time

Quote from: Rahar02 on August 25, 2017, 07:55:31 PM

Quote from: PsursV on October 19, 2016, 04:46:21 AM

to me the the 5 things that all trader should do are as follow.
1.. every trader should do trade in such items in which he as some good knowledge about it.
2,,,, all trader should invest such amount of money which he can easily bare to lost.
3.... all traders should avoid trading on loan.
4..... traders should try to trade for lonng term.
5.... traders should invest in trading according to his experience.

Every trader should know that some coins really has good potential and rest of it just useless coins which maybe pump once and then dumped for good. Every trader should develop their sense to choose the best coins, such as monero when it was $20 few months ago and it reach over $100 righ now. Some coins will be profitable if you can be patient as long as those coins really has usability instead of just for trading purpose.

That is the main thing should traders do in their beginnings they should learn how to choose which coin is the best to buy and what it is the best to buy in the market. It is useful or it is just for trading purposes. Every trader should know the difference for that and if they will become a good analyzer for the different coins out there then they can easily make profit.

Topic: 5 Things All traders should Do - page 3. (Read 5641 times)