Topic: Can someone teach me? - page 2. (Read 4850 times)

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

yes,patience is the key.

And also, the best tip from me-
 buy on red, sell on green.

Cool and patience that is what you need

Don't gamble in your bitcoin or altcoin because gamble dependent of the lucky 

this my tip for you

I know that I am new on here but please do look past that. I am willing to teach/train anyone who is looking to learn how to trade. But first off here are somethings you should consider before wanting to learn.

1) The Market (Forex and other volatile markets) will do what IT wants to do when THE MARKET FEELS LIKE IT! Keep this in mind when dealing with BTC!
2) You cannot have any emotional attachment to money! If you are scared to loose what you invested or are trading BTC with scared money, meaning money needed to pay for rent, gas, food etc then DO NOT TRADE!
3) Trading is hard! It takes time, and more time.
4) DEMO trading is okay when learning technical indicators, testing strategies etc but when you trade real money its a whole different ball game. You will tend to over think a trade and hesitate on entering or exiting your position.
5) BTC is still consider NEW in terms of trading, hell even Forex is still consider new to some HF managers and traders. I know what moves the Forex market, what moves the EUR/USD, USD/JPY, AUD, CHF etc. How banks bait buyers into going long and how banks bait sellers into going short. But what moves BTC is still being defined in relations to technical indicators.  
6) GET THE "BUY LOW, SELL HIGH" out of your mind...it is stock talk from the 80s and is complete GARBAGE way of thinking, people can troll me all they want but to trade with that mentality you might as well eat your BTC wallet. Example: You look at a 15M or 1H chart and you see price is a the lower part of the chart for that particular day, you think hummm price is low on the chart that is displayed on my computer screen, I will BUY LOW! When in reality you zoom out to the Daily Chart, which if you are scalping off the 1H chart you only trade in the direction of the Daily chart,  only after you confirmed it with the Weekly and Monthly to see if you are sitting on any turning points. Behold you just BOUGHT BTC in a major downtrend on the daily, right when price was stuck on the 50 FIB level, as well as just testing a major trend line spanning back to the Weekly Chart, you now are counter trend trading and that is one of the "NO-NO's" of trading.

Still with me?

7) NO ONE CAN PREDICT THE MARKET, only thing we can do is identify when it *might be getting close to turning, i.e. breakouts, EW, Flags, etc.
8] Trading BOT's are a joke! A complete and epic way to FAIL your BTC wallet into 0.0000. They do not work! THEY DO NOT WORK, a bot cannot define when a market is trending, or moving sideways, it cannot see support and resistance, trend lines, etc
Example - BOTs work like this, ]EMA (Exponential Moving Average) is > than +1 Dumb Bot will place a buy order if  ]EMA (Exponential Moving Average) is < than -0 Dumb Bot will place a Sell order............regardless that price is sitting on a major support/resistance line, major fib area, on top of a major moving average, while MACD has crossed and turned up or down, as well as RSI being oversold/overbought! You get the point! BOTS can't see things we as humans see! Unless you want to hire a team of quants and pay half a million to develop your own black box, then bots are useless! Plus BOTs cannot manage trades properly, which is the most important aspect of trading!
9) Speaking of the most important aspect. Entering a trade is easy, managing the trade and exiting is the most difficult! That is where most traders get into trouble!  
10) THERE IS NO SILVER BULLET, meaning there is no holy grail trading strategies out there, you have to use process of elimination when trading and take the best trade possible, if it is a loosing trade, close it and move on. Do not harp on the fact you lost some money because the market sure as hell won't! Not one system will work all the time, that is why I apply multiple technical analysis to my trading. Remember YOU WILL LOOSE MONEY! But the goal is to keep the losing trades small (Drawdown) and the winning trades high!


I am willing to teach anyone how to at least take "smart trades" on what ever exchange you might use. This will be learning technical indicators, how to read a chart etc! The basics! I WILL NOT BE CALLING ANY TRADES! I AM NOT PROMISING YOU WILL MAKE MILLIONS TRADING BTC, AS TRADING IS NOT FOR EVERYONE! Some people literally cannot mentally handle trading!

Who am I?

I have been a currency trader since the market crashed in 08 and my family lost most of their retirement to a so called "Family Friend" who supposedly maintained their retirement account....they lost 75K......my goal was to earn their money back via trading currency since it was cheaper to start then stock trading, i.e. data fees, trading platform, day trading account min etc.

I use technical analysis as my main tool of trading. I incorporate a little fundamentally as well as statistical probability. I am well versed in Elliot Wave, Harmonics, Murray Math, Fibonacci, S/R, Trend lines and just about every other indicator that is available. I am a prior chief trader for two private trading software developers, as well as wrote one of their main .Lua trading  algorithms. I have traded privately for select individuals and have since retired from doing that. I have developed multiple online trading rooms, and taught people via trading bootcamps, and through email, which is what I intend to use here.

FOR ALL THE TROLLS on here who have a opinion of trading I am not here to flex nuts with you and could care less about your trading opinion, as I said there is no correct way to trade the markets. If I want to use the left molar of pterodactyl tooth while singing baby hit me one more time, and you feel the need to drink 2 quarts of unicorn blood while you trade and both trades come out in the positive then who cares! I also am not here to prove any past performance with P/L sheets, companies and individuals traded for or trading software developed as I am not charging for any of this! I am just simply willing to teach anyone via email how to at least get a heads up when looking at a BTC Chart.

One more thing, if you are not willing to read a freaking book, and I mean more then 50 pages + then please do not waste my time! No I am not mean, or a smart ass, the markets are mean, brokers are smart asses, you cannot be an emotional trader, leave luck for the casinos, and that as real as I can be.

 

What do you all thinka of being a "semi daytrader"?
What I was thinking was like this:
Im checking the value of btc everyday. Im not looking at any graph, only what the btc is worth at the moment.
Sometimes its "obvious" that it has a hit the bottom or the top for a couple of days or a week.
Like when it was at 4xx. Then it felt like buying oppertunity and only sell when it reaches 600+.
Say it reach 750 at a top and start going down, to 650-700. Then I sell. And maybe buys again at 550 if it goes down to that.

This is ofc only a scenario. Not the "btc value limits" that im searching for.
But sometimes you can see that its a down going period, or maybe a upgoing period.
It's those that I want to trade on. So maybe only 3-4 trades a week or month

As I said im not that active. I only want to play on the rooler coaster that btc can be sometimes

Research and then try out the method and collect data on how viable is the strategy..

Try this Trading guide!! http://www.amazon.com/dp/B00KY7WXJU

I am not an expert on trading and I myself am starting up and I am not trading on cryptsy but I made few trades in past week using 2 exchanges and made a little amount of btc. I kept looking at different alt coin values at bittrex and c-cex and 3-4 days back I bought few hypercoins at c-cex for 0.00001800 and there was a huge buy order at bittrex for 0.00001910 and transfer fee of hyper is 0.01/hyper so it was a simple trade, it did not lasted too long and I just kept buying on one and selling on the other and made a few mBTC.

I am not saying this is a good method, I am not saying you should do this, take everyone's advice as on this thread as they must have more experience in trading and they're right trading is very difficult and you should understand all aspects of it before trying or just do very small amount of trades.

so you are saying that if everyone knows that a coin is going to spike, and everyone holds off on buying till the spike is over, then the spike will still happen? seriously think about that a bit,

***gotta edit here, sorry, I do not disagree that the competition is healthy, but not in the sense of making speculation more profitable, rather if we had enough people in the "know" then the coins would stabilize in value and more companies would be willing to deal in them with out instantly trading them back out for fiat, and then we could really start to break the back of the slavemasters that run central banks and return to a much more profitable free economy ******


@gondel *and anyone else reading here looking for advice*
as for advice, though I will not tell you what to do (to the OP) but I will tell you what NOT to do, read every bit of info on failed trading info you can find, and compile a list of "Don't s" that should get you going somewhere,



*******EDIT DUE TO MISSED LOGICAL FALLACY*************

You are confusing what is good for the economy of a market over all, for what is good for a trader, do not assume that both are the same, that is just stupid, seriously,  take a moment and really look over what you are saying, cause what you are saying is that working for less money per hour is good for the employee, just because it is good for the person consuming their goods due to the lower prices they can take advantage of, man, wow, is all I can say, lol,


To the OP this is exactly why you should not be listening to any of these bozo's

Take everything they spit out and apply this to it,
www.yourlogicalfallacyis.com/

Because a LOT of these people's statements are RIFE with faulty logic lol.

just do your own research is all, if you have the time and the desire you will figure it out, only thing I would ask people for help on is how to use the functions of a particular trading site, like I hover over links on trading sites that are not in english and the actual link URL is in the bottom of the screen for the moment, so I can read it, and see where it goes, due to most HTML being english so say a link term 交易 has the URL under it *or it is linked TO http://www.btc38.com/trade.html and since it says trade in english, it is easy to figure out that though in chinese I can find the trading section lol. I use translator plugins too, but that is almost full proof, on many things


there are three types of people really in the market that actively trade, bulls, bears, and pigs, and the bulls and bears get to dine on bacon all day long

I would disagree with this post.

Competition is good for any market. Someone who is truly good at a trade (no pun intended) is generally willing to help someone who is truly interested in learning their skill

if trading should be prepared to accept losses 
simple buy at low prices and sell at high prices, I am sure you will profit 

^^ two things to do with that dude, 1. test their info out to see if it works before using your bitcoins, and 2. a.if it works, BE VERY GRATEFUL FOR THEIR HELP!!!! or b. if it doesn't work, be grateful they at least tried  

Hi, i can give you some basic tips on trading alt currencies.
Pm me if you want.

my advice is to ignore all these people, who are talking flapping their lips,

cause truly successful traders are not telling you anything about it, since the more successful (skilled) traders there are, the harder it gets for all of them due to all the competition. The only time this is not true is if you are friends with that trader before they got rich, and they want to help you out, that is how knowledge is passed on, so you are going to either have to make a friend, or learn on your own, by just diving in lol. *and no you can not be my friend if you have to ask, asking for a friend is like asking to be an admin on a server of a game, if you are asking, you are not admin material, the best admins DON'T WANT TO BE ADMINS, because they will do it right and by doing so, it is a responsibility, a burden, NOT a privilege, or a run at free stuff and power. just my two sat's

This! It's the same for forex trading bots, btc trading bots and so on. Nobody sells profitable bots. Think about it this way: If I had a working bot, I could easily convince investors to lend me millions to milk that cash cow.

And of course, people are making money using bots. But a lot of people are also losing money. Only the losers won't talk about it as much. This is why it seems that people are making money using xy bot when in reality they're only gambling (some win, some lose).

The only way to make money long-term is to invest. That means, you do your research and (regarding cryptocurrencies) invest in coins that offer new features, a new distribution model or other advantages that will allow them to gain market shares. That's investing (still doesn't mean you make money). Anything else is gambling.

exactly....trading is not as simple as the 'buy low-sell high' looks.....