5 Things All traders should Do - page 5.

BitcoinPC

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Quote from: StarofBTC on October 15, 2016, 06:13:14 AM

Quote from: bitbunnny on October 14, 2016, 11:07:34 AM

I agree with all five things, especialy with the first one. Getting emotional, especialy when I started to panic costed me a lot at the begininig before I've learned how to keep the cool head. And very important is timing and your own sense for trading and ability to predict things.

Yes, focusing on our emotional control must be the very essential step we need to learn foremost. Without emotion control, our trading will never be concluded in profits. Because, we need to stop our trading to book profits otherwise market may turn against us. I too like all 5 points and using them to fine tune my trading skills.

I agree, actually these are basic points, every good trader should know about it, but sometime we miss the chance even we know about all rules, because of our negligence and sometime our greediness give us lose, Actually i have a experience of it, i have miss some good chances even i know how to do trading.

StarofBTC

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Quote from: bitbunnny on October 14, 2016, 11:07:34 AM

I agree with all five things, especialy with the first one. Getting emotional, especialy when I started to panic costed me a lot at the begininig before I've learned how to keep the cool head. And very important is timing and your own sense for trading and ability to predict things.

Yes, focusing on our emotional control must be the very essential step we need to learn foremost. Without emotion control, our trading will never be concluded in profits. Because, we need to stop our trading to book profits otherwise market may turn against us. I too like all 5 points and using them to fine tune my trading skills.

serjent05

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Nice tip there on how to approach trading. This is often the most error of new traders including me. Sometimes emotion gets into our brains that lead us to choose the wrong choice. Another thing about emotion is when the price starts to climb, greed take over us on waiting for the price to get even higher even if we know that it is very impossible then left out bag holding the coins that should have been sold. I agree that we should sell coins by part, not all at once because there is always a possibility that the price will increase further.

bitbunnny

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I agree with all five things, especialy with the first one. Getting emotional, especialy when I started to panic costed me a lot at the begininig before I've learned how to keep the cool head. And very important is timing and your own sense for trading and ability to predict things.

talkbitcoin

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the number 4 Always be logical is one of the worst thing that happened to me because i was not following this important rule. i have always heard it and knew about this rule but for a while in the beginning despite knowing this, i kept making bad decisions because of getting emotional and getting caught up in the hypes.

HeroCat

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The first one is most important - not be emotional, otherwise you can not make the right decision. Most important is to choose right time for buying and right time for sales, not too fast and not too late. Therefore emotional aspect is very important for any trader working with BTC/Altcoin etc.

xuan87

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it's a good tips for traders, the one that is most important in trading is you need to control your emotion, panic sell is the most case that lead to the lost money, you need to think clear before do the transaction, and remember trading also contain high risk of losing your money, so be really careful when you decided to start trading

pedrog

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Your blog is quite a good read, you got a new follower here.

Thanks for sharing.

gandame

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Its a good tip hope that help to me to earn money because if i trade i only buy 1coins. So i try to buy some other coins to get more profits. I always afraid that my coin can drop the price so i do short trade. I do not like to trade my coin in a long time if have profit i sell it. But sometime i lose my money becauae when the coin down i sell it with no profit because of that afraid. So thank you for the tip that is a big help.

Nivir

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Great tips. Especially to trading beginners like me that just started few days ago. And with some promising coins on ICOs I guess the future is a bit clear.

RkVza

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Excellent post

Caladonian

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it is really helpful making me think of practicing it by now i know im one of those who enjoyed day trade but looking into much bigger perspective i seen that this guidelines will improved my style not just doing it for short earnings but to be a pro i need this kind of stuff well been practice good luck and hope to see more coming from you OP.

Dudeperfect

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Thanks for this article. I was very emotional when I started my trade and my greed taught me a good lesson and since then I never ever let my emotion overpower my trading strategies. When I think that I should invest in a particular coin without proper research I log out of exchange account and listen to music. It is really important to deal with greed before it kills our capital so I prefer no profit instead of risky greedy trade.

danherbias07

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Points taken specially the "never be emotional" as a trade that tends to happen a lot. Excitement from seeing that profits are coming and you want to press that sell button. It is too inviting and the smile wont get out until you pressed it. But regrets come after that.

beerlover

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Thanks for nice guide. But these are very much general things, I mean to say these are also applicable to gambling or any profession with slight modifications. I just conclude if we behave matured, we will get chances to stay safe and profitable.

Nahl

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indeed those thing is looks reasonable and maybe yes all traders must have that but regarding number 1 very difficult to control my emotion because if something didn't happened according to my predictions i would become an very pissed and emotional also has ruin my trading activities several times

mishra1994

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Ok well thank you for that and nicely covered the basics and the topics.Actually i am the one who is thinking to start trading bitcoin because since long time i am only doing signature campaigns and collecting coins.So i would surely follow these points in my trading.

Goms

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I decide on which altcoin to buy based on their price over a range of 7 days or more.

BitcoinPC

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I think you are experienced man in trading, because these points of main things which we should know about it, because trading is not easy as we think, and every business has some rules, So in trading as you said these are main rules and we should follow it.

el kaka22

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Very nice and useful suggestions, every trader must have to remember while going for trading.
In my experience trading is also a test for our emotion control, so remembering these suggestions would be a biggest challenge for the traders, I am saying these from my own experience.

Topic: 5 Things All traders should Do - page 5. (Read 5660 times)