The tips that I can give or share is
1. You should know or learn how prices work so that no emotions will involved.
2. You have to be patient in doing the trading. If you set your order book just wait for the price that you want to get.
3. Set a goal. You have to set a goal so thst you can earn big profit from trading.
4. Do not trade for one coin only. So that you can earn as many profit as you can.
5. Do not get affected on what's happening to the price in the market.
All that I listed is just a tip that I can share to all of you.
Topic: 5 tips to reduce your risk when trading bitcoins and altcoins (Read 164 times)
September 29, 2018, 09:06:10 AM
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.
Happy trading!
I couldn't have listed it out better myself. If you follow these rules then there is nothing that stops you from making money from trading. I would like to add that you have to be very patient. There are a lot of times when the coins are not going to follow the predicted movement so you will have to be very patient to wait for the coin to go to a better price before you sell 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.
Happy trading!
September 27, 2018, 07:25:32 PM
Thanks for the advice, I think if I saw them I would have saved all my assets before but now I'm in big trouble, but I believe in a miracle Smiley
It depends on how you will manage your investments but there are tips you need to consider in order to reduce risk in terms of long-term or short-term gain.
1. Do not panic sell.
2. Avoid believing any fake news and must verify first before getting panic.
3. Longer your patience.
4. Educate yourself especially when it comes to day-trading, know to trade correctly and learn from others experience.
5. Always get updated especially on the dev team of the coin or tokens
1. Do not panic sell.
2. Avoid believing any fake news and must verify first before getting panic.
3. Longer your patience.
4. Educate yourself especially when it comes to day-trading, know to trade correctly and learn from others experience.
5. Always get updated especially on the dev team of the coin or tokens
Thanks a lot for sharing those tips, I can not say that this is only for the beginners because I was also very beneficial from that. Especially from the point with having a goal of your earnings. That helps me a lot.
5 tips to reduce your risk when trading bitcoins and altcoins:
- DO NOT TRANSACTION BY SENSE
It should start when you know exactly why you need to buy / sell at this time and have a long-term investment strategy.
- KNOWLEDGE LONG
For each transaction, you must always set a clear profit target (profit taking), and more importantly, know how much loss is stop. The profit-taking was difficult, but the hole is more difficult than many times. Most people who are too greedy or focus on profits will fail.
- AVOID THE FOMO ASSOCIATION
Fomof syndrome (fear of miss out) always makes you obsess that people around you will achieve something that you do not. From there, you rushed into trading a coin is "prosperous" without a clear consideration.
- GOOD ADVANTAGE OF RISK
Take risk management wisely for your portfolio. For example, you should only invest a small amount in low liquidity (high risk) markets. For these deals, you can set a profit target and stop loss higher than normal.
- FUNDAMENTAL PROPERTY MAKES MARKET ACTIVITY
Bitcoin is a volatile asset, especially given the boom in Bitcoin prices. Most Altcoin coins are traded at Bitcoin values. They are inversely proportional to each other, ie Bitcoin prices increase, other copper falls and vice versa. While Bitcoin is experiencing volatility, we can not predict what is going to happen, so it's best to trade short-term or not at the moment.
- DO NOT TRANSACTION BY SENSE
It should start when you know exactly why you need to buy / sell at this time and have a long-term investment strategy.
- KNOWLEDGE LONG
For each transaction, you must always set a clear profit target (profit taking), and more importantly, know how much loss is stop. The profit-taking was difficult, but the hole is more difficult than many times. Most people who are too greedy or focus on profits will fail.
- AVOID THE FOMO ASSOCIATION
Fomof syndrome (fear of miss out) always makes you obsess that people around you will achieve something that you do not. From there, you rushed into trading a coin is "prosperous" without a clear consideration.
- GOOD ADVANTAGE OF RISK
Take risk management wisely for your portfolio. For example, you should only invest a small amount in low liquidity (high risk) markets. For these deals, you can set a profit target and stop loss higher than normal.
- FUNDAMENTAL PROPERTY MAKES MARKET ACTIVITY
Bitcoin is a volatile asset, especially given the boom in Bitcoin prices. Most Altcoin coins are traded at Bitcoin values. They are inversely proportional to each other, ie Bitcoin prices increase, other copper falls and vice versa. While Bitcoin is experiencing volatility, we can not predict what is going to happen, so it's best to trade short-term or not at the moment.
These are really useful tips for beginners and a reminder for the more experienced traders so that they do not chase for excess profits and are aimed at a small profit. As the first and basic rules in the trade these tips will be useful, but I would like to add that trading is not just a game on the stock exchange, it is also an analyst, a constant reading of news and other literature related to trade.
thanks to all for sharing you points on this post
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.
Happy trading!
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.
Happy trading!
This should be stacked. I really see a lot of newbie traders making all of these mistakes and not following common sense.
I think that 1, 4, and 5 are the most important.
All markets are cyclical. That's why we actually say buy at dips and sell when everyone is hyping about the coin. Also, if you do buy at dips, you always have to have a clear target at which you will 100% sell your coins. Otherwise, you'll most likely just get sucked into the bull run and never actually profit from it. Great points, OP.
simple and concise tips from me.
things to keep in mind when trading.
1. keep your emotions
2. set goals
3. determine sales targets
4. analyze market conditions.
5. estimate the market price
hopefully useful and can help who are trading bitcoin and altcoin other.
things to keep in mind when trading.
1. keep your emotions
2. set goals
3. determine sales targets
4. analyze market conditions.
5. estimate the market price
hopefully useful and can help who are trading bitcoin and altcoin other.
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.
Happy trading!
Good advice, but I think it's sometimes necessary to take risks to get a very big profit 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.
Happy trading!
Good recommendations, but if you are a novice trader, you need to read a lot of books on fundamental and technical analysis to understand the market, and have tools to work with it.
5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk.
That's the best rule from my point, I suggest to follow that rule always, no matter what you do, hold or trade.
There are already tons of topic the same like this one in Trading Disscussion section. I think you no need to create one more topic like this cause other topic like this already exist and they're even better than your topic with a lot of other information and tips. Anyway, thank you for sharing or maybe copying from other source on the internet 
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.
Happy trading!
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.
Happy trading!
The most important factor to avoid when trading is FOMO
Never invest in a token without thorough research about the project, their team, their white paper and other factors
You need to get every details right
And invest wisely too
thanks for sharing these awesome but easy tips, though people do loss for emotional trading.
Trading is not a place for emotion.
Trading is not a place for emotion.
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.
Happy trading!
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.
Happy trading!
Jump to: