Topic: Amateur trader...amateur question...opinions. (Read 137 times)

From what i undertand, you arn't an amateur trader. You are busy person but you still can do some trades and profited from that. Just keep the way you trade.

Those who are new to the amateur industry and they do not really have much experience in trading they have many questions that make us very simple but because they do not understand the market so will have questions. We should answer them

I think you could increase your BTC by alts not necessarily via USDT/BTC pair. But, in my opinion, you should focus on few altcoins and study their price history, important resistance and support levels, so that you can get an idea when to enter and when to exit a position in alts. Normally, there comes waves of alt coins all in the green even in bear markets, but it's a short period. So, you should have a plan already ahead for that. I also learned that you should always enter and exit positions in a laddering systems not all at once.

If you want to increase your Deposit in bitcoins, then I would advise you to trade only IN the usdt/BTC pair, since now the bear market and earn bitcoins on crypto-currency pairs with altcoins is meaningless.

I also get that "aw dang I sold/bought too soon" feeling, but it's becoming less and less of a big deal the more I trade. The truth about it is, that nobody will ever be able to tell you 100% when the perfect time to buy is. If you think about it, when you sell you're thinking the value will be dropping soon (a short), and the person buying is thinking the price will rise from there (a long). Immediately there is someone who made a trade that isn't 100% perfect, since the price will not be rising and falling at the same time. As time moves on there will be someone who clearly lost in that trade.

But you have to keep in mind what you're doing after that trade. For example, if you sold and the price kept rising, yeah it sucks that you lost out on that gain, but what if you bought a coin that increased more than what you just sold? You wouldn't be thinking about the coin you just sold, you'd be happy with your good trade.

As an amateur I'd say you're doing great so far. It seems like you have other priorities in life, and this is just a side gig for you, so you can't let it get to you much. You're going to make bad trades, and you're going to make good trades. The more experience you get, the less the bad trades will hurt. Even if you do make a bad trade, you'd be able to justify to yourself that you'll still be able to regain the amount you lost.

Also...I made an 11.6% gain on me EOS roughly...and now see it is up almost 15%

How do you suppress that part of your brain that says "I should have sold later for better gains?"

I think I can do it. I’m a pretty calculated person. Advice please

I am an amateur trader...very amateur. If you check my last post I’ll sum up my last few trades:

Over the course of a about 20 trades few trades I did the following

I managed to turn 1.67 BCH from .3 BTC in value to .34BTC in value.
Than I kept purchasing BCH and losing on the way down.
I turned 1.67BCH into 2.4BCH...but my BTC value was back down to almost .31BTC

My goal is increase BTC.

So yesterday I turned my 2.4BCH into 209EOS...I Road the wave up and locked in .353 BTC

So in about 2 weeks I went .30BTC to .353BTC.

How do I keep this momentum going? I feel like I need to take a deep breath and not go hastily forward.

I am amateur. I am just doing this on the side, I’m a busy person.

Any advice would be great. So far my good trades have outweighed my bad and I’m up overall.