A good advice for every traders. - page 10.

alan2here

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WorkAsPro

Quote from: FLoving on January 02, 2020, 12:36:19 PM

Quote from: rijaljun on January 01, 2020, 09:44:53 AM

Quote from: ?? on ??

About 2 years ago I started Trading that time I lost my many fund for trading.
Now I am very careful about trading.
I always research any coin which i want to trade.
Thanks for share about trading.

2 years ago is the best time to make money from trading and no way you lost lot of funds during those beautiful days. But if it was real then is okay, no one makes real profit in the first day of trading, as long as you learn from your mistake and you fix it in the next time then you should be okay.

Let's keep learning of everything so we can adapt in any condition.

Two years ago was the best time because none of the bad news came out in the crypto world and then after the ban of China of blockchain made it hard time for the crypto but again China is back for blockchain and again the halving will attract a lot of investors to the bitcoin and they all will also try to increase their portfolio so they all will again do trade and this will again make the time just like the two years ago. We have to hope for the best time and have to support the bitcoin and crypto currencies. This will again bring a best time for all of us and we all will earn in trading easily.

Most of the news appearing in China will have a great impact on this market and in 2019 there was a lot of news that made this market more difficult to predict. Currently, trading during this time will face a lot of risks and you should think carefully before making a decision.

Personally, I'm afraid of the bad news because it's the time I often panic sell and it's hard to avoid losing money so hopefully this year there won't be news that will make this market worse.

Andrew Parker

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My only advice would be that we should always try to control your emotions. Trust me any reader out there, you win 90% battle, if you gain control over emotions. You might here that knowledge or experience is vital, but believe me, having gone through all, I can tell you even without these things you can do well if you just have the patience and control over emotions. As per rest, good broker too helps like it does for me in FreshForex.

FLoving

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Activity: 1022

Merit: 521

Quote from: rijaljun on January 01, 2020, 09:44:53 AM

Quote from: ?? on ??

About 2 years ago I started Trading that time I lost my many fund for trading.
Now I am very careful about trading.
I always research any coin which i want to trade.
Thanks for share about trading.

2 years ago is the best time to make money from trading and no way you lost lot of funds during those beautiful days. But if it was real then is okay, no one makes real profit in the first day of trading, as long as you learn from your mistake and you fix it in the next time then you should be okay.

Let's keep learning of everything so we can adapt in any condition.

Two years ago was the best time because none of the bad news came out in the crypto world and then after the ban of China of blockchain made it hard time for the crypto but again China is back for blockchain and again the halving will attract a lot of investors to the bitcoin and they all will also try to increase their portfolio so they all will again do trade and this will again make the time just like the two years ago. We have to hope for the best time and have to support the bitcoin and crypto currencies. This will again bring a best time for all of us and we all will earn in trading easily.

ichai

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Worlds Simplest Cryptocurrency Wallet

Quote from: yarlungzangbo on December 10, 2019, 12:47:52 AM

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. add your trade into a trade journal (advice from @GreatArkansas)
7. do the things 1-6 above again

Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

The above comments are really great for new traders. These habits are what disciplines a new trader and it's important to your long-term future victories. In my opinion, you should apply these methods to the demo account. Anyway, it is a discipline that you need to practice and the demo account will help you do it for free, do not try to make money at the beginning when you do not have a good trading plan.

Blackdeath

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Quote from: Ahimoth on January 02, 2020, 10:33:06 AM

Quote from: Visbay on January 02, 2020, 01:37:28 AM

Quote from: Cacingkemi on December 30, 2019, 12:14:08 PM

Quote from: Mumbeeptind1963 on December 26, 2019, 04:45:59 AM

Quote from: yulionoo on December 25, 2019, 10:13:01 AM

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

there are times when we really need to have a strong belief in ourselves in trading, because sometimes the advice and input obtained from others may not always be able to minimize losses. however, we must be able to bear all the risks we will face in the trade that we do.

Yeah, every trader should have a strong belief in his abilities and it’s not good for them to walk on the wrong path just because other people are guiding them so traders should keep their eyes open while choosing projects. It’s traders own responsibility to know the right time for buying and for trading but don’t listen to other people for trading.

Listening to other people's advice sometimes give you good and bad decisions, so just get those some good ideas and don't use them all. You can't live all alone, so we still need others help but not all situations you can rely on them. We can do all trading with our own, and if you find it difficult just prefer to choose long term trading instead of quick trading.

If you have difficulties in managing your portfolio and watching the charts it will be better if you choose long term trading instead of daily trading because daily trading is riskier and it is a lot of work actually, especially if you can't control your emotions because you might end up having more losses than earning.

Ahimoth

sr. member

Activity: 812

Merit: 250

Quote from: Visbay on January 02, 2020, 01:37:28 AM

Quote from: Cacingkemi on December 30, 2019, 12:14:08 PM

Quote from: Mumbeeptind1963 on December 26, 2019, 04:45:59 AM

Quote from: yulionoo on December 25, 2019, 10:13:01 AM

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

there are times when we really need to have a strong belief in ourselves in trading, because sometimes the advice and input obtained from others may not always be able to minimize losses. however, we must be able to bear all the risks we will face in the trade that we do.

Yeah, every trader should have a strong belief in his abilities and it’s not good for them to walk on the wrong path just because other people are guiding them so traders should keep their eyes open while choosing projects. It’s traders own responsibility to know the right time for buying and for trading but don’t listen to other people for trading.

Listening to other people's advice sometimes give you good and bad decisions, so just get those some good ideas and don't use them all. You can't live all alone, so we still need others help but not all situations you can rely on them. We can do all trading with our own, and if you find it difficult just prefer to choose long term trading instead of quick trading.

Wipeout2097

sr. member

Activity: 840

Merit: 255

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Your points are appreciated,Further traders also work on control fear of losing and just believe in having skills and decision power. Sometime rumors in news down the traders and most trader on initially stage quit on trade just because of rumors.

Stop loss option is blessing for you must apply it on your trade,will help to save your funds. Money management have also importance in trading,Manage your money accordingly. Invest amount which you afford to loose and retain that you recover the amount you loose.

Visbay

sr. member

Activity: 1236

Merit: 252

Quote from: Cacingkemi on December 30, 2019, 12:14:08 PM

Quote from: Mumbeeptind1963 on December 26, 2019, 04:45:59 AM

Quote from: yulionoo on December 25, 2019, 10:13:01 AM

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

there are times when we really need to have a strong belief in ourselves in trading, because sometimes the advice and input obtained from others may not always be able to minimize losses. however, we must be able to bear all the risks we will face in the trade that we do.

Yeah, every trader should have a strong belief in his abilities and it’s not good for them to walk on the wrong path just because other people are guiding them so traders should keep their eyes open while choosing projects. It’s traders own responsibility to know the right time for buying and for trading but don’t listen to other people for trading.

CarnagexD

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Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

Quote from: Wapfika on December 31, 2019, 10:00:06 AM

Quote from: crossabdd on December 30, 2019, 10:49:55 PM

some time ago, around 2016 I was an active trader. and you are right. I made a lot of money but was still afraid of losing. because the advantages and disadvantages are always side by side. I once thought to record every mistake I made in trading that made me lose. but every time I profit, I always forget. This is true, it is better if these tips are applied in trading. and can minimize losses.

I don't do recording too, there is someone who also tell me to record it, but what important is we learn in that lose, we need to know that losses is part of trading. We need to work harder to improve our skills in trading and find ways to be knowledgeable enough in what we're doing.

I record my trades too when I lose back then but the thing with recording is you can base your technical analysis using it so you can have better plans on the next move. Recording is helpful until I find it too complicated when market becomes crowded and whales become playful, the market became more unpredictable and so recording becomes useless anymore.

rijaljun

sr. member

Activity: 1274

Merit: 267

Quote from: ?? on ??

About 2 years ago I started Trading that time I lost my many fund for trading.
Now I am very careful about trading.
I always research any coin which i want to trade.
Thanks for share about trading.

2 years ago is the best time to make money from trading and no way you lost lot of funds during those beautiful days. But if it was real then is okay, no one makes real profit in the first day of trading, as long as you learn from your mistake and you fix it in the next time then you should be okay.

Let's keep learning of everything so we can adapt in any condition.

cryptoangel

sr. member

Activity: 700

Merit: 250

Quote from: ?? on ??

About 2 years ago I started Trading that time I lost my many fund for trading.
Now I am very careful about trading.
I always research any coin which i want to trade.
Thanks for share about trading.

In crypto logic is little different from any other investment so beginners are loose the funding in crypto investment. But 2 years ago market was growing well so everyone earn some profit in crypto trading. I always suggest new investors are carefully participate each trade and long term investors are never loose the hope because they have secure volume investment.

Chrystora123

full member

Activity: 1414

Merit: 228

Omicron is another FUD

Quote from: yarlungzangbo on December 10, 2019, 12:47:52 AM

snip..

I appreciate the advice you give.. but what you suggest is only a theory of how to trade well. while in practice, self-control is what determines whether the trader is losing or profitable. self-controlling includes controlling our greed because successful traders are traders who are not greedy and are able to control themselves and their time.

mersal

member

Activity: 1204

Merit: 38

Change your trading strategies or styles when the existing one doesn't give enough profitable for a while.And find your trading method based on your experiences and needs don't just rely on other which may not work for you either.

Wapfika

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Activity: 1484

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Bitcoin makes the world go 🔃

Quote from: crossabdd on December 30, 2019, 10:49:55 PM

some time ago, around 2016 I was an active trader. and you are right. I made a lot of money but was still afraid of losing. because the advantages and disadvantages are always side by side. I once thought to record every mistake I made in trading that made me lose. but every time I profit, I always forget. This is true, it is better if these tips are applied in trading. and can minimize losses.

I don't do recording too, there is someone who also tell me to record it, but what important is we learn in that lose, we need to know that losses is part of trading. We need to work harder to improve our skills in trading and find ways to be knowledgeable enough in what we're doing.

Kambal2000

sr. member

Activity: 700

Merit: 257

Quote from: gweedo on December 31, 2019, 02:38:20 AM

These are the best advice for all traders. I think it will help a lot of newcomers here and it will minimize the losses in trading. I am also a trader and I have been doing this for more than 3 years, up to now I still often lose money because every day the market becomes more unpredictable and harder to control than before and what makes me lose the most in this market is the lack of assertiveness. And a true trader needs to be assertive to act at all times in different market conditions, up to now, I haven't been able to finish it, it's really difficult

And this is all what we need as well, we all need the advice from the experts as they will be our inspiration in our trading journey, because if we will just rely on our own then I don't think that we will be succeed, so we also need to check the others opinions, skills, advice and experience for us to learn more.

gweedo

legendary

Activity: 1498

Merit: 1000

These are the best advice for all traders. I think it will help a lot of newcomers here and it will minimize the losses in trading. I am also a trader and I have been doing this for more than 3 years, up to now I still often lose money because every day the market becomes more unpredictable and harder to control than before and what makes me lose the most in this market is the lack of assertiveness. And a true trader needs to be assertive to act at all times in different market conditions, up to now, I haven't been able to finish it, it's really difficult

crossabdd

legendary

Activity: 1316

Merit: 1145

some time ago, around 2016 I was an active trader. and you are right. I made a lot of money but was still afraid of losing. because the advantages and disadvantages are always side by side. I once thought to record every mistake I made in trading that made me lose. but every time I profit, I always forget. This is true, it is better if these tips are applied in trading. and can minimize losses.

Karmakid

sr. member

Activity: 742

Merit: 397

Quote from: Cacingkemi on December 30, 2019, 12:14:08 PM

Quote from: Mumbeeptind1963 on December 26, 2019, 04:45:59 AM

Quote from: yulionoo on December 25, 2019, 10:13:01 AM

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

there are times when we really need to have a strong belief in ourselves in trading, because sometimes the advice and input obtained from others may not always be able to minimize losses. however, we must be able to bear all the risks we will face in the trade that we do.

It is better to believe in ourselves rather than to believe other people on their opinion about the things that you should do. Just because they are making profit then that doesn't mean that they are always right, just take the tips and always customize based on your strategy. Execute base on your own point of view and if you make mistakes, improve and try again.

Fuchbau

newbie

Activity: 1

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Quote from: tmfp on December 14, 2019, 10:11:12 AM

Quote

A good advice for every trader?

Don't.

It's a common fact that in forex, 96% of new traders lose money and give up when their funds run out.

There is no reason to believe that this % is any different in crypto: if you factor in the extra risks of being scammed by wallets, exchanges and sundry thieves, the % is probably even higher than that.

So that means there's nothing in this forum that's not a scam?

have you ever found one that's good?

Cacingkemi

hero member

Activity: 1484

Merit: 516

Quote from: Mumbeeptind1963 on December 26, 2019, 04:45:59 AM

Quote from: yulionoo on December 25, 2019, 10:13:01 AM

believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.

Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump.

there are times when we really need to have a strong belief in ourselves in trading, because sometimes the advice and input obtained from others may not always be able to minimize losses. however, we must be able to bear all the risks we will face in the trade that we do.

Topic: A good advice for every traders. - page 10. (Read 3688 times)