Can someone teach me? | Bitcointalksearch.org

stellar1

member

Activity: 70

Merit: 10

Quote from: gondel on June 12, 2014, 04:38:00 AM

Hello all!
Is it possible someone to teach and give me some good tips about trading. I lost a little amount of money in Cryptsy and they also fucked me up with some coins. I want some help about finding which sites are best for beginners, what strategies are winning, etc.
If you teach me i can give you 5 of my earning with trading or use refferal link for you or something like that.
Thank you!
BR

My best advice is to find a trading system with a good hit rate and risk/reward ratio, collect 1(or 5 or 15 depending on your timeframe) minute price, volume data of the instrument you plan to trade;

then backtest (or see how the market has been treating your trading system) over past 3 to 6 months....this process will give you price movement patterns

then decide if you are ready to execute your trading system particularly in terms of taking the required risk and if you are capable of exiting profit positions only at or after targets

then trade small

then grow bigger.

Regards

sethminer14

member

Activity: 98

Merit: 10

Yeah there is a lot of good info on here. Looking on Google about day trading stocks would be helpful as well.

arieq

sr. member

Activity: 364

Merit: 256

Trading is one of the best way to make money, you just need to know when to sell and rebuy..or when to buy in the first place. It is a fractal that will continue until the majority is transferred from the weak hands to the strong, who will sell it back to the weak hands again

DinaErfan

newbie

Activity: 19

Merit: 0

thanks for all this information

BitcoinZombie

newbie

Activity: 44

Merit: 0

Quote from: shogdite on October 03, 2014, 06:01:39 AM

I've been burned several times day-trading, also made quite a lot of btc but most of that was down to luck and the right timing. Managed to turn $200 into $8000 just by investing in DRK when it was selling for 200 satoshis.

it is true if it is very difficult to predict the rise and fall of the coin, this is very different from Forex, I think only luck that can make you a good profit.
myself have lose a lot of btc because of trading Undecided

shogdite

hero member

Activity: 798

Merit: 1000

LIR Dev. www.letitride.io

I've been burned several times day-trading, also made quite a lot of btc but most of that was down to luck and the right timing. Managed to turn $200 into $8000 just by investing in DRK when it was selling for 200 satoshis.

HeroCat

hero member

Activity: 658

Merit: 500

If you give 5 BTC before teaching, will concentrate on whole Forex market - then way not. But for more or less safe trading - profit per year will not be so large.

rivoke

legendary

Activity: 924

Merit: 1006

Do you want to trade short term or long term

morphtrust

sr. member

Activity: 259

Merit: 250

sorry to resurrect a close to dead thread but I should mention that a friend finally convinced me to take on trading for him with his coins, and what is being done is I take half the profits, leaving his principal behind always, and his earned coins, keeping track of any he adds to it so the principal is always there, not sure if this is useful to anyone asking here, but I have turned my 1000 mec into 5846.something mec since march lol. and have guided someone here locally while they stayed with me so they made 11000 doge off of their 40 something thousand they had on just one single trade, and taught them how to know where their limits are, but again these are friends, if anyone seriously wants to have me do something like this, another computer to set up another trading account would be needed so some start up costs would have to be included and obviously a contract to protect both myself and the other party, hammered out too. but I am open for suggestions I guess, so...

davellolzz

jr. member

Activity: 43

Merit: 10

Dont just trade theres so many technical things you should know to earn in trading.
If you dont have time to learn it, you will just waste your bitcoin in trading. Embarrassed

bitmarket.io

legendary

Activity: 1204

Merit: 1001

Quote from: Parazyd on June 12, 2014, 04:40:46 AM

Buy low and sell high. That's all you need to know.
Depending on your luck, you can lose some money or get some money.

Yes. Buy low, sell high. Have the guts to never sell at a loss. Be patient. Think of the money you invest as lost forever. With an initial expectation that your principle investment was lost, you can never feel back about any fluctuations. Just forget about it and wait it out. Just study the history.

zhinkk

sr. member

Activity: 266

Merit: 250

Quote from: Ibian on June 12, 2014, 04:39:32 AM

Don't trade. That's my tip for you. If you really really want to, go read about it until you feel you no longer have any questions to ask. Otherwise just hold what you got.

This, exactly. I think the problem is when new users make new a little amount of money and gain confidence in the market. My opinion is to just hold. Technique worked when users bought around 600, and for the ones that bought at 800-1000 I guess they have no other option than to hold (unless they want losses).

DavidHume

full member

Activity: 235

Merit: 102

Most day traders lose. They simple do not have the competitive advantage over bot.

ThomasCrowne

full member

Activity: 210

Merit: 100

★☆★ 777Coin - The Exciting Bitco

Unless your a skilled trader I wouldn't recommend risking anymore than 5-10% of whatever coin you get. You may get lucky. But probably not.

Sydboy

full member

Activity: 196

Merit: 100

Practice with 0 investment.
Just pretend you bought an amount of shitcoin at a certain rate, see how you go in a month, week, day or hour depending on the shitcoin.

Once you have made a fake profit practicing start to use real money and take it from there.

And be careful with sites claiming to give tips. As is the case outside of bitcoin world the sites just want a tonne of people to do what they want so it suits them. buy buy buy!! while the site sells.

Just don't do more than you can afford to lose, or more than you will be really annoyed about if you do lose.

morphtrust

sr. member

Activity: 259

Merit: 250

seeing some good advice, really I am impressed, I would drop a bombshell here on it all but I know it will get ridiculed and ignored as a result so I am just going to hold my peace unless someone wants to talk directly to me for some free advice, I have a buddy I am teaching about it in doge market and megacoin, and he is seeing returns already from his efforts, so...

Glad to see there is some advice here that is not BS, I will only say this, Dont flinch, if you do that is when you get screwed around, you can ALWAYS count on the market to come back, or come darn close to back to where you are, lol

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Quote from: Mr. Miyagi

Surely, if one wants to learn how to trade, then one must first trade? .. no?

Practice and repetition brings you closer to perfection.

You will take some losses, and you'll have some wins.. Thus, the aim of the game is to minimize risk and let your profits run. Focus on doing that, and all the other intricate pieces will begin to fall into place

FelixOliver

full member

Activity: 163

Merit: 100

Surely, if one wants to learn how to trade, then one must first trade? .. no?

Practice and repetition brings you closer to perfection.

You will take some losses, and you'll have some wins.. Thus, the aim of the game is to minimize risk and let your profits run. Focus on doing that, and all the other intricate pieces will begin to fall into place

0xAli

member

Activity: 72

Merit: 10

42

Investment === Risk

Nawaytes

sr. member

Activity: 476

Merit: 255

Quote from: joeventyra on June 22, 2014, 11:39:50 AM

To be a good trader you need to:
1. be good analyst
2. be patient
3. have luck

those three tips is more than enough.
first, to be a good analyst. if you don't want to lose a lot of money try to trade with very low money to learn how to analyst the market, to predict the chance, lose little money it's ok if that for learning something.
second, be patient. if you can not wait and patient, will be losing a lot of money.
the last, luck. I think luck can determine everything, and is not everyone has

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