5 tips for cryptotraders! | Bitcointalksearch.org

likerseld

newbie

Activity: 62

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Quote from: TukiCripto on August 13, 2018, 02:50:54 PM

The most important advice is not to invest everything in one single. coin, this is very important, do not neglect these rules ever. Cry

Trading is a profession which demands two P’s: patience and persistency. Without these, it is not possible to become successful in the field of trading. Actually, even staying in this profession would become impossible after some time. Moreover, if someone is not good at controlling emotions then at least he should not give up. With time, he will become patient as he will learn things.

Pelunize12

sr. member

Activity: 658

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i wanna add one tips. pray! we also need miracle from god. beside our effort, we must pray in order to get profit in trading. moreover, praying also can make our heart peaceful

TukiCripto

jr. member

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The most important advice is not to invest everything in one single. coin, this is very important, do not neglect these rules ever. Cry

dimonstration

hero member

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Dimon69

Quote from: mdzahed134 on August 13, 2018, 11:56:48 AM

"Fear and panic are the two biggest enemies of every trader" this noted because it's really happening continuously with me.Also i'm panic seller when i heard any bad news about market than i try to sold my token with very low rate from actual rate.I trade in Bittrex,Hitbtc & sometimes in Binance.

Definitely right, that is the two reasons why you have a high chance to loss your money, if you know how to control your emotions i'm pretty sure that you would become a successful trader.

Blamsud

sr. member

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Merit: 250

Quote from: davida on August 13, 2018, 11:44:07 AM

This are very good steps for intending traders to follow and even traders who do not have enough ideas of trading. If this steps are followed appropriately, it will help to make very good profit at the end.

What we really need is o be skeptical and resourceful in every coin we have, it doesn't matter if we do a day or holding system, but if we did research on our coins then we can at least think of their earning at the right time.

mdzahed134

sr. member

Activity: 2128

Merit: 259

SOL.BIOKRIPT.COM

"Fear and panic are the two biggest enemies of every trader" this noted because it's really happening continuously with me.Also i'm panic seller when i heard any bad news about market than i try to sold my token with very low rate from actual rate.I trade in Bittrex,Hitbtc & sometimes in Binance.

davida

sr. member

Activity: 585

Merit: 250

This are very good steps for intending traders to follow and even traders who do not have enough ideas of trading. If this steps are followed appropriately, it will help to make very good profit at the end.

UZIzzzz

member

Activity: 168

Merit: 10

Yes, focus on a few tokens, and you'll see the rules that they may have.
Don't panic, however, especially if there is bad news in the market. Grin

Vit83

full member

Activity: 644

Merit: 100

Especially agree with the exchange tip. If your exchange doesn't add new tokens, just leave it. The lifecycle in crypto is very fast and most growth coins show in a first year. Also when trades don't show volume you can't do the proper analysis of what is happening on the market.

AlenDel2

newbie

Activity: 196

Merit: 0

Thank you for your good advice. They work! And how do you feel about System trading, signals and robots? Now a lot of talk about the fact that the strategies that were developed even a year ago, focused only on the rise bitkoyna, do not work.

gamalzour

full member

Activity: 566

Merit: 102

Quote from: Milamol on July 04, 2018, 09:36:37 AM

Good advices. For each trader, this can be a different set of rules. For me, the main rule is to follow my rules when trading, as often I do not follow my plan for position Grin

I love the second and third tip for the traders. Spending in the start is foolishness. You spend too much without having much of the market experience.

This can be fatal and can incur you loss. The panic decision also incur you loss and if it is a red market, it further contribute to the red market and price fall. I will add further that a trader should be rational in making decisions that determine the future profitability of his portfolio.

Lyucy

newbie

Activity: 20

Merit: 0

good tips
Patience always pays

removebeforeflight

sr. member

Activity: 696

Merit: 258

Good tips and the tips you have given really would help the new investors who are eager to trade in cryptocurrency market. Apart from the tips you have provided I would like to add that the investors need to observe the potential of the coin by validating the team behind the coin and the advisers for the project. Then, they need to look into the graphs and trend of the coin in past and need to buy those coins when the price is really down to earn some good profit, do not buy when the price is in peak.

monkito

newbie

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Quote from: vavan37 on July 04, 2018, 05:04:52 PM

The most important advice is not to invest everything in one coin, it is very important, don't neglect these rules.

Diversification is very important in trade. In addition, the use of some good commercial support tools such as FTEC is a turning point for traders who want to experience a more professional and effective utility.

Treasurer

full member

Activity: 462

Merit: 104

I would add: do not be greedy! Greed is a bad helper for the trader. 7-10% very good price change for the trader. It is better for 1 day 2 times to take 7% of income than to wait 14-20% for some time. Even on the fall, you can take 7-10%.

CybereyesWinger

newbie

Activity: 56

Merit: 0

Quote from: coolon on June 06, 2018, 05:14:08 PM

Hello, I would like to give advice to beginning traders, perhaps many people know this, but not all, especially they are relevant for today's market.
BTCBTCBTC

Nowadays trading is very risky business, the market is too volatile. My investors are looking to the perspective ICO projects and I found it. We will invest to the Kelvin Blockchain. Kelvin Blockchain project itself is flexible to implementing cryptographic algorithms which will make it one of the safest blockchains ever existed with 10+ signature available from the start. This project does not rely on any particular signature algorithm and due to the multi-client use - on some single consensus. In case of any problems, it is possible to quickly locate the threat and prevent it’s distribution throughout the system. Moreover, all the blockchains will be processed in one wallet so that the client could have fast transactions, secure investments and cheap smart contracts as well as a lot of other services at his hand. You can read more information about the project here: https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a

crzy

full member

Activity: 2128

Merit: 180

Quote from: vavan37 on July 04, 2018, 05:04:52 PM

The most important advice is not to invest everything in one coin, it is very important, don't neglect these rules.

This is one thing but for me the most important thinkgs to know is that, don't invest when you have no idea about the project. Don't listen to a hype, make a study and trust yourself. Beginners should not make a move that is only base from the suggestion of other people. This is cryptomarket, a lot of hype people and if you don't make effort on that you will probably trap on a shit coins.

CST123

newbie

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Good point about exchanges. You can find more about them in this thread:
https://bitcointalksearch.org/topic/had-bad-experience-with-any-exchange-3364100

Altcoins enthusiast

member

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Quote from: coolon on June 06, 2018, 05:14:08 PM

Hello, I would like to give advice to beginning traders, perhaps many people know this, but not all, especially they are relevant for today's market.

5 tips for cryptotraders!

1. Do not buy up everything that see!
Presently very much tokens and every day them to become yet more. Even to the professionals difficult at times to recognize scam tokens, that to talk already about novices. If you begin the way of trader only, trained first on stable currencies with large capitalization.

2. Do not spend too much time on trade!
Many people think that after sitting as long as possible while looking at the charts, they will find a potential gold deal. First, the crypt market is so dynamic that if you miss one opportunity, you will have 5 new ones. Secondly, to trade tired very bad idea, which usually will cost you a lot of money.

3. Not panic!
Fear and panic are the two biggest enemies of every trader. Remember that cryptocurrencies are too volatile and be ready for it.Do not rush to do something, think well and remember patience is the golden rule..

4. Don't get fooled by tricks!
New altcoins-this is what lose money a lot of beginners. The desire to recognize the new bitcoin has already destroyed many cryptotraders. A lot of altcoins that enter the market are absolutely not suitable for long-term investments or are pacifiers at all.

5. Choose the right exchange!
No less rapidly growing and the number of exchanges. Many people want to lure you with attractive terms, but you have to understand that for them there are certain risks. It is better to start working with already proven exchangers which are used by most people.

I hope someone was useful. Good luck and big profits! BTCBTCBTC

many of us has lose money in cryptocurrencies by violating most of this tip that was drop by the op. I think we are going to have a nice time in trading cryptocurrencies in future and being careful before investing will safe us from the activities of whales and skillful traders.

deadsilent

hero member

Activity: 1148

Merit: 500

Quote from: vavan37 on July 04, 2018, 05:04:52 PM

The most important advice is not to invest everything in one coin, it is very important, don't neglect these rules.

This is true. It's the same i did. I go all in on TRX. I very happy because i gained so much profits the time TRX reach it's all time high. I was so happy that time. But i didn't sold it before it started to drop. Im very frustrated that time because it dropped suddenly and never go up until now. It because of my greediness. Also i never diversified my money because i go all in often. So when you're trading, don't be greedy and don't go all in on one coin because once it dropped hard. It's very hard to recover unlike diversified investment. You can recover quick.

Topic: 5 tips for cryptotraders! (Read 671 times)