5 tips to reduce your risk when trading bitcoins and altcoins - page 2.

prtty2gal2

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

Those are very nice points and can easily help anyone who cares to listen or read to avoid making some terrible mistakes when trading and so many people really do not know that sometimes, the simple things we overlook a lot in trading are some of the things that can earn us those good profits, but of course, we forget that and we get carried away looking for the big wins while some people are earning a lot with the small ones.

zhangxie29152784

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

These are great tips, many investors know, but rarely execute.

Article 5 I feel very good, put the eggs in several baskets.

inskraer

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1) The main thing is not to be greedy and fix your profits. 2) To be ready to lose money

haroldtee

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

I must say this is my best point from all the ones you mentioned. So many people have fallen victim of this and I used to before in a bear market, so I am not exempting myself, but experience over time, thought me some good lessons. Rather than looking for a big win at times like this, target those small ones which can always give you a good assurance of hitting a sell target. You had be surprise that while you are waiting for the big one, you would have hit smaller ones several times on different markets easily, unless you are a long term trader anyway, which all still balls down to market trend.

At the end, it is always good to find a different strategy for every trend in the market and find a way to adjust to it whenever it is warranted. Always good to have a safe target, and always the best when you keep your stop loss in place. Great one btc100!

bitgolden

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Leading Crypto Sports Betting & Casino Platform

Quote from: marlboroza on February 17, 2018, 05:57:21 AM

Thanks for sharing something which has been asked and discussed million times already.

Quote from: btc100k on February 16, 2018, 12:45:34 PM

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

It is wise to spread funds but it doesn't necessary mean that you will lower your risk. Sometimes investing in only one coin is less risky then investing in 10. I am not sure what investment has to do with trading, they are two different things, at least I see investment as something for long term and trading for short.

You’re right. It doesn’t stop the risk you take, but just limit the chances of the risks. But the tips are quite helpful and I believe if anyone follows them it will improve their chances in trading for good. And I like that number 3 tip, what was mentioned there is exactly what some people do.

They just don’t trade with money they need for living expenses, they also borrow money and invest into trade, which to me is total madness, cause you don’t know what will happen to the money if you invest it in trading, you may even end up losing the borrowed money and putting yourself in big problem. It will be much better to invest a borrowed money into a reliable project that will make it grow and not trade with it.

Svelto

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

Good advice you have listed. However, I would like to add on to your points. Always stay informed about the market situation and have an emergency plan in placed to deal with market changes.

H0USE

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If you want to reduce your risk while trading in this such a volatile market then you must follow some basic procedure and security means like:
1:)Don't invest too much in any coin,invest that much you afford to loose
2:)Invest in the coin you have completed knowledge and have some good trading strategies
3:)Sell at higher prices and buy at the dips
4:)Always diversify your portfolio instead of investing in one coin
5:)Don't do panic selling and get eroded by negativity.

orarider

sr. member

Activity: 575

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1. Sell bitcoin as it raises prices.
2. Do not use cash when trading bitcoin and altcoins.
3. keep bitcoin and altcoins at a low price.
4. Do not keep many bitcoin and altcoins.
5. Decrease investment in bitcoin and altcoins when price increases are too high.

mai_mirai

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Very nice tips to our bitcoin trader, I agree with point number 3 don't use money that we need for living expenses and also don't borrow money to trading. Because bitcoin price unpredictable, so it's will high risk if we use that's money to trading.

Oilacris

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

1. Stop loss is always advisable to prevent further loss when price oppose on what you expect even me do always set stop loss into all of my trades.
2. Smaller profits but on constant basis will really be much better compared into big gains with higher risk type of oders.
3. Common sense is need, don't risk your life just using the last money you do have for living.
4. Hard thing since not all people do have this mentality on not easily giving up when facing difficulties.
5. Diversify is always at best.

sofi@

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All points are actually true, a good trader is also a very discipline person I think, they know when to stop and when to control greediness. There's no point in risking all your money especially if they are intended for your daily expenses just because you think you can double its value in a short period of time, because even as much as the market is looking great today you can't be sure it would be the same tomorrow, so if you get a chance to earn today keep it, and don't put everything into the risk.

JC btc

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Quote from: Qartersa on February 18, 2018, 07:04:01 AM

These are definitely all the answers to all ideal situations but it differs when you know the situation given us is not really as it is in real life. How easy it would be if we were given problems that are exactly the same as we have expected, hence, we just have to rely on these guidelines. The thing is, IT IS NOT AS FLAWLESSLY-CRAFTED AS YOU HAVE ENVISIONED IT WOULD BE. In fact, real-life problems are more artistic in a way that you would have to juggle your mind when deciding.

For instance when you say buy low, sell high, it is not as easy to decide on such especially when Bitcoin's price has gone down to less than $6,000 from its $20,000 peak in just a matter of three to four weeks. Of course, as an investor, you are already thinking of salvaging whatever amount is left because you would prefer to go home with a little than with nothing.

You see my point? While everything stated above is ideal, it is not always the case.

For all we know that knowledge is one of the basic trading procedures and one key to gain knowledge is to be updated in the market, by making research and lists all the coins that you want to have in your life.

It is important as well to assess if how much capital we are to take risk, if you are beginner it is important to just invest a small amount and most of all be patient and just relax.

Qartersa

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These are definitely all the answers to all ideal situations but it differs when you know the situation given us is not really as it is in real life. How easy it would be if we were given problems that are exactly the same as we have expected, hence, we just have to rely on these guidelines. The thing is, IT IS NOT AS FLAWLESSLY-CRAFTED AS YOU HAVE ENVISIONED IT WOULD BE. In fact, real-life problems are more artistic in a way that you would have to juggle your mind when deciding.

For instance when you say buy low, sell high, it is not as easy to decide on such especially when Bitcoin's price has gone down to less than $6,000 from its $20,000 peak in just a matter of three to four weeks. Of course, as an investor, you are already thinking of salvaging whatever amount is left because you would prefer to go home with a little than with nothing.

You see my point? While everything stated above is ideal, it is not always the case.

supermine

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

I strongly agree with your point 2,because most of the traders wait for the big margin in their profit but it is good to collect more small profits than a single big profited trade,and you may include another point with you buy low and sell high these are the strategy most traders failed to do because of panic selling.And we never have to trader with money which is needed for our daily life,we should have separate investment capital for doing trading.

Hemady17

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

1 to 4 item is correct but the fifth one is seems your not really a trader because a real one is focusing only on one if not few coins. The rationale of few or only one coins is you are able to focus on your trade. In reality, day trade monitoring for multiple coins is hard. You need to devote your time and focus to become successful.

Shirin16

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

thanks friend ,, very useful and as I know, the crypto world desperately needs patience..
but I am often very difficult in predicting prices. is there any more tips for that?

qiman

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I believe that when there is a bull run you should try to take out your capital from your investment then you are playing with profits and try to do this for every coin. Also when there is a bear market you should then use some of your gains from the previous bull run to buy into cheap coins and the tokens you really believe have some potential. I did not do this in the last cycle so next time around I plan to do this accordingly.

maremostro

newbie

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And beware of trading bots coming. Will get harder and harder to get those scalps ... Ppl will start switching from day to medium long bets

Look for products like
icon
neo
etherum

they are platforms for upcoming applications to real life other than drugs

so no wonder lot of ppl think of how could i have overlooked icon

charlotte04

full member

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Quote from: btc100k on February 16, 2018, 12:45:34 PM

1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

Thank you for that trading tips, at the last step, I do see that some charts are the same so I am only trading 2-3 coins so that I could manage to check the charts regularly.

marlboroza

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Thanks for sharing something which has been asked and discussed million times already.

Quote from: btc100k on February 16, 2018, 12:45:34 PM

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!

It is wise to spread funds but it doesn't necessary mean that you will lower your risk. Sometimes investing in only one coin is less risky then investing in 10. I am not sure what investment has to do with trading, they are two different things, at least I see investment as something for long term and trading for short.

Topic: 5 tips to reduce your risk when trading bitcoins and altcoins - page 2. (Read 502 times)