Advice for newbies - page 2. | Bitcointalksearch.org

kotajikikox

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Quote from: Shortmaster on June 01, 2023, 05:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

The best advise must be for you , because you are giving advises here but you are refusing to accept one , look at how you were being tagged for refusing to use Escrow when you are asking to seek collateral from loan but as Newbie you must know that there will no one who will trust you.

Quote from: mvdheuvel1983 on July 27, 2023, 07:59:29 PM

My best advice for newbies is to understand the importance of a good foundation and learning momentum trading. Everyone has a weakness, and you must identify your weakness, or it will wreak you. Most important your target at the start should be to develope a trading method which is essential to avoid overtrading. If you are able to develop some competence the rewards, you'll reap will be profits. Any day you are experience stress in trading you need to look at your trading psychology and be able to know how to manage your emotions.

and never become greedy because you will end up a loser forever.....................

ask the community , but never trust everyone .

Russlenat

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Quote from: Fivestar4everMVP on June 03, 2023, 06:01:20 PM

Quote from: Shortmaster on June 01, 2023, 05:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

I want to believe this advice is specifically for day traders, well, another thing which I personally think is very important is that, aspiring day traders, that is newbies, should know that day trading is not for everybody, you gotta know if trading is what you really wanna do for the love of it, or whether frustration of live is what is pushing you into day trading solely to earn money - then watch it carefully, day trading can make or break you in matter of seconds, most especially for those trading the futures market, futures market is one reserved for already well established and professional traders, do not as a newbie ever go into trading future, you will get burnt out even before you realize what is going on.

Day trading is not easy and is full of risks. So you need to study the market well and learn technical analysis on a high basis. Not just for day trading but in trading as a general.

However, even if you become a professional and a very experienced trader, that is not an excuse from losing. Losses are inevitable in trading, that’s why if you are weak and easily faints, then trading is certainly not for you.

virasog

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Quote from: Uruhara on July 28, 2023, 09:06:20 AM

Learning to trade in crypto is not as easy as imagined by beginners who are just starting to enter crypto trading. There are many things that must be studied seriously and because even in analyzing there are also many factors and indicators that we must learn and master.

There is a misperception that trading is an easy job, and anyone can do it even without learning. That is the reason why most people usually lose in trading and very few make good money through crypto trading.

If you want to become a doctor, Engineer or IT professional, you spend a lot of time getting the skills and on education. But why is it that we come to trade the world financial markets and think we can succeed without having any knowledge or experience?

As per my experience, even if you got complete knowledge, you are still a newbie in the financial field until you have some good experience to compete with the guru's of the market.

sana54210

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Quote from: Uruhara on July 28, 2023, 09:06:20 AM

Learning to trade in crypto is not as easy as imagined by beginners who are just starting to enter crypto trading. There are many things that must be studied seriously and because even in analyzing there are also many factors and indicators that we must learn and master.

Including in terms of mentality and emotional control in trading which is usually called psychological trading. money management, risk management and discipline in implementing the strategies that have been made are also very important. And it is true that in essence everything must be studied seriously. Even after we have mastered the basics in crypto, it will not necessarily allow us to completely avoid losses. Even a pro must still experience losses sometimes. because the volatility of the crypto market sometimes makes it able to go against the trend of the economic market.
I also have a desire to become a reliable trader someday. but now I realize that I am not proficient and still need to learn more.

You could be, there is nothing that is special about traders and there is no reason why you shouldn't be a good trader as well. However, you need to realize that you need time and you need to work hard. If you have a few hours a day where you can seriously study, and I do not mean like just passing through some texts and skipping through some youtube videos.

I mean like taking it seriously, taking notes, and actually understanding, if not then rewatch or reread, and just purely aim at being better. If you do that, then you can start trading and with time you are going to become great. Not a lot of people are like that but if you give it time I bet that you are going to be as great as any trader out there because you have nothing missing from them.

Peanutswar

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Or in short keep eye with the market price movement, and updated with the news by that you can take as an advantage with the possible market price, seems you don't need to use deep words with your explanations.

Quote from: Uruhara on July 28, 2023, 09:06:20 AM

Quote from: lalabotax on June 03, 2023, 06:21:36 PM

in crypto, we don't only learn about crypto and how crypto works, how the market might change, and all aspects related to crypto and trading knowledge. Because trading is actually a complex thing. It's not only about how to take profits, but it's also about things how to manage the risks and your emotions during trading. For newbies, they may not really consider how important the knowledge about risk and emotion management actually is. Trading is high risk, once you cannot manage your emotions, it means ending for all. But, as long as you want to learn about them all, it will be more okay.

Learning to trade in crypto is not as easy as imagined by beginners who are just starting to enter crypto trading. There are many things that must be studied seriously and because even in analyzing there are also many factors and indicators that we must learn and master.

Including in terms of mentality and emotional control in trading which is usually called psychological trading. money management, risk management and discipline in implementing the strategies that have been made are also very important. And it is true that in essence everything must be studied seriously. Even after we have mastered the basics in crypto, it will not necessarily allow us to completely avoid losses. Even a pro must still experience losses sometimes. because the volatility of the crypto market sometimes makes it able to go against the trend of the economic market.
I also have a desire to become a reliable trader someday. but now I realize that I am not proficient and still need to learn more.

Actually the hardest thing to know is where you start but if you manage to take step at a time you can now identify what are the things you need to learn and to avoid for your future investment and trading strategy. Traders always have their new strategy to get a good profit in the market so better make yours too, sometimes people copying the strategy of other people, but it does not work as always as they want.

Uruhara

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Quote from: lalabotax on June 03, 2023, 06:21:36 PM

in crypto, we don't only learn about crypto and how crypto works, how the market might change, and all aspects related to crypto and trading knowledge. Because trading is actually a complex thing. It's not only about how to take profits, but it's also about things how to manage the risks and your emotions during trading. For newbies, they may not really consider how important the knowledge about risk and emotion management actually is. Trading is high risk, once you cannot manage your emotions, it means ending for all. But, as long as you want to learn about them all, it will be more okay.

Learning to trade in crypto is not as easy as imagined by beginners who are just starting to enter crypto trading. There are many things that must be studied seriously and because even in analyzing there are also many factors and indicators that we must learn and master.

Including in terms of mentality and emotional control in trading which is usually called psychological trading. money management, risk management and discipline in implementing the strategies that have been made are also very important. And it is true that in essence everything must be studied seriously. Even after we have mastered the basics in crypto, it will not necessarily allow us to completely avoid losses. Even a pro must still experience losses sometimes. because the volatility of the crypto market sometimes makes it able to go against the trend of the economic market.
I also have a desire to become a reliable trader someday. but now I realize that I am not proficient and still need to learn more.

Jody.Drummer

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Quote from: xSkylarx on July 27, 2023, 10:13:23 PM

Quote from: Japinat on July 27, 2023, 04:57:55 PM

Quote from: Zaguru12 on June 01, 2023, 05:31:11 PM

How about keeping it simple, but when there is dip or buy when you have funds for it or buy using the DCA method, hodl for long and sell off when your profits target is reached.

I believe this tips is much easier and safer for newbie coming into cryptocurrency just for investment purposes. The only reason for going into deep crypto learning is when you want to be a regular trader. Because you need those knowledge of technical analysis and fundamental analysis

That is the most basic strategy when it comes to hodling crypto, buy low and sell high. If you stick to it, you will still be profitable in due time. However, if you decide to be more profitable by engaging yourself in trading, well you have to knowledgeable and skillful at the same time. And by being good in technical analysis, which I think is very important when you trade, you will have an advantage in trading aside from those mindset and attitude that a good trader should possess.

It seems easy to say buy low, sell high, but a lot of people lost tons of money doing this because others thought that it was already low but it went deeper and they sold off. Others also kept waiting for the lowest price or dip but turned out to be left behind. That is why it is better to be knowledgeable first and not expect that just by buying low and selling high you'll gain more profit. That is why others are engaging more in holding for a longer period of time as they are sure that they can earn profit from it.

It seems easier to digest and indeed this is a very general basic trading principle. Now, I see that there are lots of beginners who are fooled by the market when they want to start an open position, when they have made the decision to open a down position but after that the nature of the market is immediately different, they open a down position and then the market moves up, and vice versa when they open a position go on. Under such conditions, many traders experience frustration because they see market movements that they think are always contrary to their predictions, and then after that many of them unconsciously trade based on emotion. Well, in conditions like this, it's important for us to have good psychology, learn to accept the risks of the decisions we make and start correcting the mistakes that made us suffer losses. Problems like this are experienced by many beginners and only a few of them are able to get past it, myself included. I agree, trading using fundamental analysis seems to be able to help a little.

xSkylarx

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Quote from: Japinat on July 27, 2023, 04:57:55 PM

Quote from: Zaguru12 on June 01, 2023, 05:31:11 PM

How about keeping it simple, but when there is dip or buy when you have funds for it or buy using the DCA method, hodl for long and sell off when your profits target is reached.

I believe this tips is much easier and safer for newbie coming into cryptocurrency just for investment purposes. The only reason for going into deep crypto learning is when you want to be a regular trader. Because you need those knowledge of technical analysis and fundamental analysis

That is the most basic strategy when it comes to hodling crypto, buy low and sell high. If you stick to it, you will still be profitable in due time. However, if you decide to be more profitable by engaging yourself in trading, well you have to knowledgeable and skillful at the same time. And by being good in technical analysis, which I think is very important when you trade, you will have an advantage in trading aside from those mindset and attitude that a good trader should possess.

It seems easy to say buy low, sell high, but a lot of people lost tons of money doing this because others thought that it was already low but it went deeper and they sold off. Others also kept waiting for the lowest price or dip but turned out to be left behind. That is why it is better to be knowledgeable first and not expect that just by buying low and selling high you'll gain more profit. That is why others are engaging more in holding for a longer period of time as they are sure that they can earn profit from it.

mvdheuvel1983

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My best advice for newbies is to understand the importance of a good foundation and learning momentum trading. Everyone has a weakness, and you must identify your weakness, or it will wreak you. Most important your target at the start should be to develope a trading method which is essential to avoid overtrading. If you are able to develop some competence the rewards, you'll reap will be profits. Any day you are experience stress in trading you need to look at your trading psychology and be able to know how to manage your emotions.

BD Crypto

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Quote from: Shortmaster on June 01, 2023, 05:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.

I think this is just a very poor content which have really nothing much important or valuable to learn but he added title to attract users.

If you really want to advise newbies when you are also a newbie you should make it meaningful by adding some detailed information. This looks funny because a newbie pretending others as a newbie and advising when he need to learn. If you don't know the market situation and all related factors you will not be a able to make your own position strong. So just browse forum posts and constructive articles to get more informative posts or to learn something what you need. This post is just like a very common motivational post to me which should have added more informations.

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Quote from: KingsDen on June 01, 2023, 06:19:05 PM

Quote from: Zaguru12 on June 01, 2023, 05:47:26 PM

Quote from: Shortmaster on June 01, 2023, 05:36:09 PM

That's true but you might end up buying the dip of the scam coin.
It takes little education also how the SEC moves their rules and regulations so you can better avoid loss later.
Crypto is not just crypto it has a lot other aspects related to crypto.

Sorry I had to generalized it by using the word Cryptocurrency but my suggestions on holding for long and the rest are just on bitcoin. It is very risky to have Alticoins holding for very long, there are more or less just pump and dump coins that are meant for short term trading

Op wasn't even specific in the starting topic. He neither mentioned cryptocurrency nor bitcoin. But when such emphasis are not given, it is safe to assume it is bitcoin. And the most friendly coin for any newbie coming into the crypto space is bitcoin.
Even as old as I have been in the market, I do not bother myself to know when and how the big boys (the market movers) enter the market. I have not interest because I am not a day trader, neither I'm I planning to be a whale Grin

.
My best strategy is to buy and continue to buy with DCA until bitcoin is upto $50k, I'll stop and once a new ATH is recorded, I am selling off. I won't be among those who are going to enjoy bitcoin @ $100k

I was hoping to read a thorough explanation of what newcomers should know about the crypto market and what guidance should be given to help them navigate the market. I don't know that the OP had a jargon of words that had no context or understanding.
The situation is made worse by the fact that OP does not know how crypto functions and still wants to offer advice to newbies.

Quote from: Shortmaster on June 01, 2023, 05:24:19 PM

I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

What's OP saying here? This sounds confusing and somehow hilarious at the same time

Japinat

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Quote from: Zaguru12 on June 01, 2023, 05:31:11 PM

How about keeping it simple, but when there is dip or buy when you have funds for it or buy using the DCA method, hodl for long and sell off when your profits target is reached.

I believe this tips is much easier and safer for newbie coming into cryptocurrency just for investment purposes. The only reason for going into deep crypto learning is when you want to be a regular trader. Because you need those knowledge of technical analysis and fundamental analysis

That is the most basic strategy when it comes to hodling crypto, buy low and sell high. If you stick to it, you will still be profitable in due time. However, if you decide to be more profitable by engaging yourself in trading, well you have to knowledgeable and skillful at the same time. And by being good in technical analysis, which I think is very important when you trade, you will have an advantage in trading aside from those mindset and attitude that a good trader should possess.

WatChe

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Quote from: Fuso.hp on July 27, 2023, 02:54:43 AM

There is no need to take so much pressure from the beginning for those who are new to the forum, they should try to learn and learn slowly over time. To know and learn something from forum one must spend time in forum. If I rush to learn then my learning will never be complete. To learn every task well, time must be spent on that task. Newbies should try to learn the basics of the forum first. Knowing will not be so difficult for newbies as the forum is well organized where each topic is arranged separately so whoever needs to know can easily find the topic. Just as there is a separate section for Bitcoin, there is also a separate section for Gambling or Economics, so anyone who needs to know about it can easily find out about it.

There is lot of material available on this forum which can help new comers in understanding crypto market from scratch to expert level. To get yourself familiarise with this forum one need to spend time. If you rush you won't be able to get to understand what's going on here. Just stay focused and stay consistent, that's the key to success not only in crypto but in every trading.

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Quote from: Shortmaster on June 01, 2023, 05:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

You told appropriate for newbies at first need knowledge about cryptocurrency market. It is most important things for newbies. Newbies are need to know about rules how to buy, sell, trade and play game etc. If anyone who are new in this market follow this things he will be profitable from this market. So my advice for newbies please learn more and more about cryptocurrency market, cryptocurrency exchanger and operate that exchanger. If you follow this properly then you will be successful from this market.

MFahad

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Quote from: Ricardo11 on July 26, 2023, 11:28:26 PM

First of all you should continue to do good research on trading, until you get a complete understanding of trading. You should exercise utmost caution while trading. Initially you need to start trading with a small amount of Tawhbil so that you can gain full experience of trading. This will make you more alert. And later you will be able to trade better. Which will greatly reduce the risk potential of your trading. But if you can hold it for a long time, it can become more profitable for you.

initiate trading with little amount and not forget that this less amount is just for wisdom not to get profit so in this case if unfortunately you don't get what you wants then you will not be discouraged. Most of the people discouraged at start and stop to continue the journey of success because they cannot bear loss and I think to bear is to get success.

I want to tell you that if you get involved in some field so remember that you will face problems, sometimes you will attain and sometimes you will learn. Learning is not a tough but if person is interested because if someone is telling you each and everything about success and you are not interested then you will never be able to get victory.

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Just do the "Inverse Cramer" strategy, which is doing the exact opposite of what Jim Cramer says, and you'll be fine.

Fuso.hp

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There is no need to take so much pressure from the beginning for those who are new to the forum, they should try to learn and learn slowly over time. To know and learn something from forum one must spend time in forum. If I rush to learn then my learning will never be complete. To learn every task well, time must be spent on that task. Newbies should try to learn the basics of the forum first. Knowing will not be so difficult for newbies as the forum is well organized where each topic is arranged separately so whoever needs to know can easily find the topic. Just as there is a separate section for Bitcoin, there is also a separate section for Gambling or Economics, so anyone who needs to know about it can easily find out about it.

Bitcoin_people

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There are many things that beginners need to know when they are first introduced to crypto. To start trading a newbie needs to gain good experience in trading. It is important to know when the market will be hyped and when it will be down this strategy. A new trader can benefit from trading only if he can analyze the market in detail. First of all, there is always risk in trading, in which case you should start investing with a small amount of money so that you do not lose much money if the market position is bad. However, new investors should analyze the market in such a way that they can reach a good position in the future. And it is necessary to take advice from a knowledgeable and experienced person before trying.

Ricardo11

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First of all you should continue to do good research on trading, until you get a complete understanding of trading. You should exercise utmost caution while trading. Initially you need to start trading with a small amount of Tawhbil so that you can gain full experience of trading. This will make you more alert. And later you will be able to trade better. Which will greatly reduce the risk potential of your trading. But if you can hold it for a long time, it can become more profitable for you.

Tony116

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Quote from: DoublerHunter on June 03, 2023, 04:43:21 PM

Quote from: Shortmaster on June 03, 2023, 01:16:40 PM

~snip~
FIRST, do you Even know what exchangers whales use ?
I know and i watch them but off course i don't give out this info for Free.
If i tell everybody what i know then how i can be special anymore ?
If you go to School you pay for it you take course u pay for it.
I did get for free all this knowledge...so off course i cant share this knowledge for Free either.

^I smell not good in here, the weather changed when I was reading this at the end.
So tell me, what are the advantages if we know the trading exchange that is used by the whales? All I know is that an exchange that has high liquidity and is very popular will commonly use by the whale. You are giving advice but you are trying now to sell the information you had that I don't think is important in trading. Remember that whales are different from a pump and dump group which I think you need to clarify first.

Tell me I'm wrong, I get the feeling he's trying to sound like a great, wise man and is about to sell some knowledge if anyone is curious about what he's talking about.

OP, I don't care what knowledge you have, where and how you got it. But if you consider yourself someone who knows very well what whales are doing, and how the market works...Can you provide some of the results you got from investing in bitcoin? I don't care much about someone's knowledge and experience, what I care about is the results they achieve. You may know more things than we do, but if your result doesn't make money, or doesn't produce breakthrough results, then all is useless.

Topic: Advice for newbies - page 2. (Read 596 times)