Topic: 5 tips for cryptotraders! - page 5. (Read 698 times)
one more, you must know when to cut loss and when to buy back again when dip is coming...trading is a fun, enjoy the waves
It all sums up to do your research first before making any move on this type of environment, time is a really big factor also. I believe timing is everything but in order for you to learn little by little don't just believe on what you are seeing like news or any other hypes. Do your own research in order for you to evaluate the information that you are getting. I believe we are all thought by our school mentors to conduct research first whatever major we are in.
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.
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
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.
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
wow thank you for this suggestions and advice. I'm still starting with cryptocurrency. This is a good start for me.
Thanks for the tips. Right I don't spend much time on trading. There are only hours that trades are active and the rest of the day they seems to be sleeping. Traders sleep too you know. I also just set orders and check on them from time to time. I gain up to 50-80% gain by just leaving my coins for a few days while I'm busy with other stuffs.
This can be summed up into Patience and Smartness. To elaborate, you should be smart as to when to buy or sell, and as to which coin will work for you. As a matter of fact, you always need to play/trade/study in a smart way. Otherwise, you will end up losing. Added to that, patience is required if you want to have a good profit because without it, you will rush up. You always need to remain calm and stable so you do not panic.
With number 5, every exchange does have their own problem, pros and cons but choose the exchange that you have good experience and you have proven its service.
On number 2, spending too much on trade its okay to do so. Learning the market, getting more analysis and the wave of the current charts can be a good help for a trader.
On number 2, spending too much on trade its okay to do so. Learning the market, getting more analysis and the wave of the current charts can be a good help for a trader.
1. You only loss when you sell
What if I sell in profit? Two Rules I've come to appreciate about cryptos:
1. You only loss when you sell
2. Visualize the technology before you invest
Above were much needed yet its hard to do sometimes when your in need, though we can lessen the loss if we plan ahead and knew how to diversify our coins and earnings. 1. You only loss when you sell
2. Visualize the technology before you invest
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.
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
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.
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
In my opinion, these are extremely important tips. And also, I think traders should avoid investing in with high amounts which might bring problems to their economic situation.
Two Rules I've come to appreciate about cryptos:
1. You only loss when you sell
2. Visualize the technology before you invest
1. You only loss when you sell
2. Visualize the technology before you invest
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.
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
these are many useful advices, if i known them when i started i would have saved a lot of money. the most useful in my opinion is the third, don't panic. many times if panic sold in loss driven by fear, these situation are mostly dued to the fomo, if you buy some coins driven by the fomo and then suddently it starts to fall you will probabilly sell even if you are in loss. my personal advice is to stay away from pump and dump groups! they are very dangerous 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.
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
I don't think is bad idea to spend to much time in trading because it is really worth it to gain more profit. The more time you spend time in trasinng the more possible you earn money. But most of your tips is very helpful to those people who want to start trading so they can use this tips to become successful.
My worst mistake was stop loss. Guys it is really really crucial.
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.
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
this post is help full for every one because some new traders come in trade and not know about trade and then loss all their money i think new traders can put best knowledge form this post. 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.
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
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.
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
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.
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
That is pretty useful, even not for newbies, repeating and rereading general rules is always a pleasure. I would say, be patient, that's according to 3) not panic. If you decided to buy or sell, put stop limits and see how everything goes, and always check the latest news of the project, to be able to fix profits or losses quickly.
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.
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
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.
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
I would add the point, patience. It's very important point. Because often you need to wait a couple of days or even longer, to catch a good bull run. And if you dont have too much funds, only thing that you can do, it's to seat and wait and it's very annoying.
6) Be patient. Understand the 2nd degree volatility inherent in altcoins. To catch a good bull run for exponential returns, you can attempt griding (increasing the proportion of
your entry multiple times as price goes down), while normally a risky methodology, this can give you astronomical returns for high volatility products.
your entry multiple times as price goes down), while normally a risky methodology, this can give you astronomical returns for high volatility products.
Honestly I really think that this is the most important thing here, without this trait we're bound to make a lot of bad decisions, if we really wanna last here at the crypto world this trait is a must and something that must be honed everyday, something that we really to master. Other than that I really like the 5 tips the thread starter made.
Nicely stated, i think these are the basic rules for trading but a couple more can be added like never invest more than you can afford to loose, never put all your eggs in the same basket, moreover, diversification can help you get a balanced and less risky portfolio.
Building on that, don't invest when you take out a loan. Sounds simple but I know a handful of people who have conducted themselves this way and it could pay off, but if it doesn't your life is pretty wrecked. That is how people commit suicide. 
maybe the last thing is luck, whether we will profit or get a loss. thank you for the knowledge you share, hopefully can help everyone, especially beginners.
agree.
money management is a super important thing!
money management is a super important thing!
Nicely stated, i think these are the basic rules for trading but a couple more can be added like never invest more than you can afford to loose, never put all your eggs in the same basket, moreover, diversification can help you get a balanced and less risky portfolio.
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