Topic: Can someone teach me? (Read 4850 times)

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

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

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

thanks for all this information

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 

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.

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.

Do you want to trade short term or long term

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...

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.

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.

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).

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

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.

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.

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

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

Investment === Risk

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

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.....

That is not entirely accurate as a lot if not most if not all alt-coins are subject to manipulation.

I don't want to put you down, but trading is not that easy.

I prefer you read a lot and google a lot as well until you feel confident.

It's all about flipping. buying low and selling high.

Try heading to BTC-e and study the sales chart there, it will help you.

Don't forget, it's about luck too.

It's like the stock market have you every played the markets? You sell into resistance which is overhead and buy into underneath support and set your stop at risk  above or below those buy and sell orders

Stops are basically getting out in the other direction if it moves opposed to your direction at more then your willing to risk so you cut a loss but you may still be in the coin depending on which direction you bet.

yes but what do we need to learn? how to exchange? how to research a coin? or something else?

That is probably the best advice I have seen all day.

Alt coins have very little value and they are mostly just people wanting to get rich off of the bitcoin idea.

Get a Forex trading demo account.You will start learning with that demo account how to trade.
Also a lot of forex brokers using Metatrader4, a trading platform that can give an approach to trading robots and their mathematical nature.
https://btc-e.com/ has metatrader 4 with btc, ltc etc.You can start with that as well.
But you need also to learn a lot of about trading... not only a bot that buys and sells.There are more rules in trading and definitely some of them needed to be into your bot i.e. money management.

Understand the fundamental.

Buy low and sell high.

First and foremost lesson is stay away from BOTs. Use your brain. If the BOTs were correct, their creators wont have released them, but used it for themselves.

You're right, that's how I started I watched for half a year and I made my predictions and see how many times I was right and some times not, and I became good I started putting money

Thank you all for the great comments! May be I will stick to the books and read little more about trading before start!
Wish all the best
Thanks!
BR

I would say don't do it until you've learned a little. (and by a little i mean a LOT!!)

Try making some predictions and then see does the market follow them... and then when it doesn't you haven't lost anything!

When you feel you are ready to predict the market, then put a little in at first.  

very true, stress is an important factor to evaluate. I personally have a lot of free time at the moment so I can "afford" spending much time in front of my pc checking exchanges, and I'm investing coins I gained through speculation and that I can afford to lose. If you are going to invest your hidden stash of bitcoins you are holding long term and/or have another main occupation (study/work/family/etc.) I would consider very carefully if it is the case to start trading

I like you story, thanks for sharing.

I think you have to ask yourself real careful if you have the "psyche" to be a daytrader, you really need to be smart, lucky and have ice cold patient.
I was doge millionaire back in December (for the lolz) and hold all the way until the +200 pump (and sold) - but honesty, not worth it.
I slept bad, had to check on the exchange rates all the time.

Now I have paper-wallets and physical bitcoins - My coins are safe and I sleep very well during the night - priceless   

I'm far from being a good trader, but I saw that as long as I used "big" exchanges such as Cryptsy or Mintpal to speculate, I always ended up losing. The reason is that once a coin gets mainstream and reaches "big" exchanges, it has already boomed, and can only get higher thanks to pumps, which are impossible to predict if you are not the whale/team pumping.
I started to gain when I moved to smaller exchanges such as Coinnext and Bittrex, you have to do a lot of research about coins and then invest in those you think are promising when their market cap is still small, because that is the moment before the true rise occurs.

Luck is always a big factor, but if you keep trying you will eventually hit the jackpot. I lost a lot of btc speculating without experience, then all of a sudden I put less then a btc into XC at the right moment when it still was only on Bittrex, and a few days later I found myself with almost 20 btc, repaying all the losses I ever had an also having a nice profit.

Totally agreeing to this. Keep in mind: when someone "earn" on trading then is someone loosing on trading. If you take out the luck factor, then is Pro's the one earning and noobs are the one loosing.
Best advice from me: stay far away from daytrading.

Take you bitcoins, hide them away (far way from any exchange) and enjoy that they are worth more 5-10 years from now.
You sleep much better on a pillow with a loaded paper wallet inside compared to having bought 4 trillion crapaltcoin41.

If you're a beginner, stay away from trading because you have the risk of losing money.

So, If I can give you an advice, learn before, all strategy and terms of the trader, then when you're able to trade, use what you've learned.

Good Trading 

What you see and what actually happens are two different things especially on BTCtalk... there has never been a proven 100% successful bot and there are risks with all investments.

Yes sure , i know that, but for example there are a lot of different trading bots and also i see a lot of people winning from this. I dont want to make living of trading, but to get into the math
BR

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.

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.

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