5 tips to reduce your risk when trading bitcoins and altcoins - page 3.

omonuyak

sr. member

Activity: 882

Merit: 269

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 very key trading principle one can actually keep if you what to be among the professionals traders not only in cryptocurrency but also in stocks and commodities. One of the principle I wanted to build during my forex trading and which breaking it killed my trading carriers is trading with money that I cannot really afford to loses. Most times I collect money from people for investment into forex trading and whenever I make some loses I will be thinking on how I can pay those people they money and that affect me negatively.

RechardSmith

newbie

Activity: 56

Merit: 0

Quote from: BartS on February 16, 2018, 03:47:05 PM

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!

Most of the advice is solid but I disagree with the fifth point specializing in a few markets or even in one is better, there are many nuisances in the markets that can make the price to go in one direction or the other and the more you trade in a market the more you know it, so trying to trade too many coins is a mistake in my opinion especially when the profits you can get with bitcoin trading are already some of the biggest profits you can get in almost any market.

Hi, I would like to invest in BTC. I'm new in cryptocurrency. Do you have any advice for me or who want to invest in crypto? Thanks.

RechardSmith

newbie

Activity: 56

Merit: 0

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!

Nice Tips! thanks for sharing.

kolega

member

Activity: 294

Merit: 11

I fully agree with all the above.
I would add a couple more tips to this.
Do not borrow money for trading.
Do not start trading simply because you have nothing to do.
Before you enter the market decide how much you are willing to lose. If you do not decide, do not enter, you will definitely lose everything.

Tynovten_

full member

Activity: 420

Merit: 101

I really like point 3, I often read the thread where he bet his property and in the end he lost and became stress, it's very bad and feel sorry and I can only give him the spirit.

socks435

legendary

Activity: 2030

Merit: 1030

Privacy is always important

Quote from: cicciobtc on February 16, 2018, 07:04:35 PM

Quote from: BartS on February 16, 2018, 03:47:05 PM

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!

Most of the advice is solid but I disagree with the fifth point specializing in a few markets or even in one is better, there are many nuisances in the markets that can make the price to go in one direction or the other and the more you trade in a market the more you know it, so trying to trade too many coins is a mistake in my opinion especially when the profits you can get with bitcoin trading are already some of the biggest profits you can get in almost any market.

focusing on 1 currency or 1 market can be a strategy, but I think it is important to differentiate investments by having more options to turn over other coins or markets if at that time they are more profitable.

Its depends if what coin you invested but if you are just staying trading BTC/USD well its always good result to make a profit the only important part for trading is emotion and news have a huge impact too,., Analysis is not really guaranteed result now a days the traders and new comers are always relaying on the news..

Just always do the basic way for trading buy low and sell high possible that you can make a huge profit if you can stay calm while you trading. and be patience.

cicciobtc

legendary

Activity: 1148

Merit: 1001

Quote from: BartS on February 16, 2018, 03:47:05 PM

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!

Most of the advice is solid but I disagree with the fifth point specializing in a few markets or even in one is better, there are many nuisances in the markets that can make the price to go in one direction or the other and the more you trade in a market the more you know it, so trying to trade too many coins is a mistake in my opinion especially when the profits you can get with bitcoin trading are already some of the biggest profits you can get in almost any market.

focusing on 1 currency or 1 market can be a strategy, but I think it is important to differentiate investments by having more options to turn over other coins or markets if at that time they are more profitable.

boakyei

member

Activity: 358

Merit: 11

Do paper trading for months before committing your real cash on trading. This will save you from losing your initial investment. If possible learn direct from a real trader before doing it yourself.

BettingTips

full member

Activity: 238

Merit: 102

OPEN GAMING PLATFORM

Beside I think collecting news is also really important for trader. The news related to cryptocurrency has very big effect to cryptocurrency so if you don't want to lose your money or reduce the risk when trading I think we should collect and check the news everyday or maybe every hour. As we can see everytime when John McAfee share anything related to cryptocurrency like ICO or coin of the week, these coin or ICO project often become more attractive than usual very quickly.

felipe04

full member

Activity: 308

Merit: 100

Bitcoin price is unpredictable follow by many altcoins and it's keep alive or continue to grow by the popularity and also by follow by many altcoins so i say we need only to depend on the news like if the digital currency still popular so the price will still grow little by little,I think best tips here is invest only just a little then if you already earn in that try again and again even it's just a little investing like 0.005 btc you can still earn by that

vibingpositively

full member

Activity: 224

Merit: 100

While these are great tips sadly they are not performed by many participants in the market. I just found out that somebody I know had most of their net worth in XRB on Bitgrail and that got hacked a couple weeks back. Truly sucks but you gotta protect yourself in these crazy markets.

BartS

sr. member

Activity: 980

Merit: 255

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!

Most of the advice is solid but I disagree with the fifth point specializing in a few markets or even in one is better, there are many nuisances in the markets that can make the price to go in one direction or the other and the more you trade in a market the more you know it, so trying to trade too many coins is a mistake in my opinion especially when the profits you can get with bitcoin trading are already some of the biggest profits you can get in almost any market.

btc100k

jr. member

Activity: 40

Merit: 1

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!

Topic: 5 tips to reduce your risk when trading bitcoins and altcoins - page 3. (Read 502 times)