Please trust your own decision. limit loss. I believe you will succeed
-pho
Topic: A good advice for every traders. (Read 3598 times)
Main advice is to DYOR and to be sure that what you are doing is correct. If you get scared you loose thats my experience.
They are good advice, but you need to set your goal carefully. When you define a goal, you can determine the path that leads to this goal and then choose the best path to do so.
There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.
Generally, these are psychological tips for speculators and not advice on how to do trading.
having a good principle is very crucial in trading tho, most people who lose a lot are those who are impatient.There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.
Generally, these are psychological tips for speculators and not advice on how to do trading.
Trading is a good way to earn profit in crypto but as a trader we need to consider so many things and also we need to control our emotion, beause in trading we can experience everything there are loss and sometimes we can win or earn but the very best thing is we can learn, learning on how to do perfect trading is really important and that was already earning we can earn profit and we can also learn more about trading.
First of all, every trader should believe in his own trading logic. Lossing is not terrible but it needs a lot of patience!!
Here is some advice: 1. Believe in your trading logic./ 2. Record the reason when you open trade./ 3. Take profit and stop loss strictly.
Here is some advice: 1. Believe in your trading logic./ 2. Record the reason when you open trade./ 3. Take profit and stop loss strictly.
For me, i think as a trader you should learn firstly how to trade, develop and master or master existing trade patterns, methods etc and also learn to tweak your strategy to suit the market demands. Because the crypto currency market is not the same each day. As a trader, you need to understand the market emotions, understand when to trade, understand when not to trade and always take profit.
Completely agree with you. One definitely needs to read and practice a lot in order to be good at trading. I also use trading tools that help me with my portfolio management, since I have accounts in 5-6 exchanges, from which I use 3 regularly. The recent tool that I found is called Cryptoview and I use it to synchronize all my trading accounts. They support margin trading, stop-loss, etc. – https://www.cryptoview.com/ is their website.
They are good advice, but you need to set your goal carefully. When you define a goal, you can determine the path that leads to this goal and then choose the best path to do so.
There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.
Generally, these are psychological tips for speculators and not advice on how to do trading.
having a good principle is very crucial in trading tho, most people who lose a lot are those who are impatient. There is no such thing as "the logic of your trading". There are goals and a way to achieve them. This method is not required to be fixed, but it changes with events.
Generally, these are psychological tips for speculators and not advice on how to do trading.
First of all, every trader should believe in his own trading logic. Lossing is not terrible but it needs a lot of patience!!
Here is some advice: 1. Believe in your trading logic./ 2. Record the reason when you open trade./ 3. Take profit and stop loss strictly.
Here is some advice: 1. Believe in your trading logic./ 2. Record the reason when you open trade./ 3. Take profit and stop loss strictly.
For me, i think as a trader you should learn firstly how to trade, develop and master or master existing trade patterns, methods etc and also learn to tweak your strategy to suit the market demands. Because the crypto currency market is not the same each day. As a trader, you need to understand the market emotions, understand when to trade, understand when not to trade and always take profit.
The Forex Market has a high level of price movement which means that there can be fakeouts. This can move you out of your position. We recommend that you find strategies that will allow you to put a stop loss in a place. That will keep your trading from being stopped out quickly.
First of all, every trader should believe in his own trading logic. Lossing is not terrible but it needs a lot of patience!!
Here is some advice: 1. Believe in your trading logic./ 2. Record the reason when you open trade./ 3. Take profit and stop loss strictly.
Here is some advice: 1. Believe in your trading logic./ 2. Record the reason when you open trade./ 3. Take profit and stop loss strictly.
While not perfect you could use paper trading as a good way to know if you can be a good trader and not put your money at risk, if you can trade and be successful when you paper trade then you have a chance when you try to make money in the markets but if you cannot paper trade successfully then forget about it since trading with real money is many times harder, anyone that cannot rise their capital while paper trading will have no chance at all in the live markets.
Everything is correct. However, the “Forget it” advice may be too hasty. Everything will depend on your perseverance and inquisitiveness. Anyone can learn to trade at any age. It all depends on how much effort he puts into it.
You can trade on paper for a year, and come to a certain skill, even have very weak initial skills. The more you train, the more abilities you will acquire. Especially in those moments when you stop believing in yourself and you want to quit.
I believe in invest what you're ready to loss and affordable to loss..because trading is unpredictable... you need to analyze it carefully and you have to be ready for taking any risk... I envy those people who have skills of analyzing trading and have these mathemathics and probability skills..maybe because they have passion in what theyre doing.. and again they're willing to take the risk of might they loss or win..
In general, anyone who has at least minimal knowledge and skills can take a risk. If you have problems with this, then I would advise you resources for practical exercises, with real market indicators. At the same time, you do not deposit your real funds, and the resource itself provides you with funds for trading. Such simulators allow you to get the required starting experience and skills.Little knowledge is not enough because the cannot understand the market situation of the Bitcoin, firstly, they need to familiar about the fund management and this will surely help them to manage when the market is dropping, many people failed to balance their portfolio because they will not manage their fund management on the right time.
I believe in invest what you're ready to loss and affordable to loss..because trading is unpredictable... you need to analyze it carefully and you have to be ready for taking any risk... I envy those people who have skills of analyzing trading and have these mathemathics and probability skills..maybe because they have passion in what theyre doing.. and again they're willing to take the risk of might they loss or win..
In general, anyone who has at least minimal knowledge and skills can take a risk. If you have problems with this, then I would advise you resources for practical exercises, with real market indicators. At the same time, you do not deposit your real funds, and the resource itself provides you with funds for trading. Such simulators allow you to get the required starting experience and skills.
I believe in invest what you're ready to loss and affordable to loss..because trading is unpredictable... you need to analyze it carefully and you have to be ready for taking any risk... I envy those people who have skills of analyzing trading and have these mathemathics and probability skills..maybe because they have passion in what theyre doing.. and again they're willing to take the risk of might they loss or win..
Loss is another side of trading. If you have no much courage to handle it then may be trade is not for you. Two things i like about OP's points, one using stop loss and another the cause of earning and losing. Probably we all know about benefit of stop loss. But we don't take lightly about the cause of earning and losing. If we take that point properly it might give us more experience and help to begin a good trader in future.
we must have a logic for each market so that we know and how we mine the right and right way to get a big profit. because if we don't know the market price we will be a big loss too.
When you dream better, you are greedy.
When you sell it, you are weak hands.
In my opinion, it is better also if we can maximize our profits but not to the fact that we dream that it will goes 1000X, it is really a joke. Unless you are a long positional trader. Let us be honest, we tempt to sell it on higher price because there is a profit that we will get. That is how market becomes hard to predict because we don`t know if it is the limit or it will continuously move. But my advise, taking 10% target consistently than dreaming to be a millionaire in a day.
When you sell it, you are weak hands.
In my opinion, it is better also if we can maximize our profits but not to the fact that we dream that it will goes 1000X, it is really a joke. Unless you are a long positional trader. Let us be honest, we tempt to sell it on higher price because there is a profit that we will get. That is how market becomes hard to predict because we don`t know if it is the limit or it will continuously move. But my advise, taking 10% target consistently than dreaming to be a millionaire in a day.
It is not that bad to be optimistic.
Despite that, you should be able to take what the movements and not be carried by emotions because what you dream may or may not happen, the price changes? That is the reality. Dreaming better is good but you should know that it will not always be marsmallows and rainbows, life hits hard and if people want to dream higher, they should be strong because they are the ones that will fall harder.
From me, I personally trade for low interest. Max 10% is okay for me. If anyone tries to earn huge money at a time, he can lose his capital too. So trade for low interest. Hopefully after all, you will be able to generate good profit.
Your strategy is good and it is good for all new small traders to know this. In fact, i don't have a list of the lowest and highest profits in trade because I'm happy with the profits i make every day. There are many new traders who fall short in meeting the more tempting targets. I think they need to be more vigilant and refrain from losing capital.When you sell it, you are weak hands.
In my opinion, it is better also if we can maximize our profits but not to the fact that we dream that it will goes 1000X, it is really a joke. Unless you are a long positional trader. Let us be honest, we tempt to sell it on higher price because there is a profit that we will get. That is how market becomes hard to predict because we don`t know if it is the limit or it will continuously move. But my advise, taking 10% target consistently than dreaming to be a millionaire in a day.
Never hearinga ny advice from the other because they can make mistake what have you said above when bitcoin have good price $20,000 many expert give opinion bitcoin will to the moon and reach above $30,000. But in fact bitcoin going down and many people lost much money and have cry.
As long as you can stand you're ground, that is fine.
That is obvious that you don't need any advice if you can do things yourself but this is a speculative market, no one knows everything with certainty that a certain coin will be having a good movement that is why we usually based on what is happening that can affect it and the indicators on the price chart. No one knows what will happen and losing because of that is inevitable.
Precisely. No one knows how the market will behave after some time, because in
a single second or minute changes can take place.
You have to make your position according to how you plan and never to relied with someone,
it's much better to find your own strategy as it will build a much better future for your trading investment.
From me, I personally trade for low interest. Max 10% is okay for me. If anyone tries to earn huge money at a time, he can lose his capital too. So trade for low interest. Hopefully after all, you will be able to generate good profit.
Your strategy is good and it is good for all new small traders to know this. In fact, i don't have a list of the lowest and highest profits in trade because I'm happy with the profits i make every day. There are many new traders who fall short in meeting the more tempting targets. I think they need to be more vigilant and refrain from losing capital.When you sell it, you are weak hands.
In my opinion, it is better also if we can maximize our profits but not to the fact that we dream that it will goes 1000X, it is really a joke. Unless you are a long positional trader. Let us be honest, we tempt to sell it on higher price because there is a profit that we will get. That is how market becomes hard to predict because we don`t know if it is the limit or it will continuously move. But my advise, taking 10% target consistently than dreaming to be a millionaire in a day.
From me, I personally trade for low interest. Max 10% is okay for me. If anyone tries to earn huge money at a time, he can lose his capital too. So trade for low interest. Hopefully after all, you will be able to generate good profit.
Your strategy is good and it is good for all new small traders to know this. In fact, i don't have a list of the lowest and highest profits in trade because I'm happy with the profits i make every day. There are many new traders who fall short in meeting the more tempting targets. I think they need to be more vigilant and refrain from losing capital. Jump to: