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Topic: Crypto Trading Strategies for Beginners... (Read 394 times)

newbie
Activity: 554
Merit: 0
October 27, 2019, 02:37:48 AM
#31
"Don't put your all eggs in one basket" applies for investing, of course. To do so, it always helps to learn about new tools like Options in derivatives trading.

An Option is a contract in which a seller agrees to sell an asset to a buyer at a pre-determined price at a specific date. It suits those who want to participate in the market without holding a large quantity of stock or those who want to protect their investment portfolio by transferring risk to a person who is willing to accept them.

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full member
Activity: 2086
Merit: 193

 I am putting those articles in my bookmarks because this is definitely worth of merit. I'm wondering why I am not that damn good learner as you are Sad
Thanks for your pleasant complement and for the underlying part, what do you waiting for Wink (just kidding)
This is helpful to the new crypto traders, we actually don’t need to master all of this but of course knowing the basic thing about trading is very important. Will also monitor this thread for some updates Smiley great job OP.
member
Activity: 308
Merit: 10
newbie
Activity: 56
Merit: 0
Wow that's deep! Thank you very much for that post! Will learn from that Wink Why you aren't of competition? Grin Grin What about ICO, have you heard about Kelvin Blockchain? Pretty cool upcoming ico project  Wink
full member
Activity: 196
Merit: 174
You should add "Arbitrage trading". If you are interested, i've made arbitrage monitoring panel, where you can recive trading signals and then trade between exchanges. Here is the link: https://blockchainmuffin.com/arbitrage
Thanks mate I will looking into that and update my thread.
full member
Activity: 196
Merit: 174

 I am putting those articles in my bookmarks because this is definitely worth of merit. I'm wondering why I am not that damn good learner as you are Sad
Thanks for your pleasant complement and for the underlying part, what do you waiting for Wink (just kidding)
full member
Activity: 196
Merit: 174
this was a decent topic apart from the following part which you even start the whole thing with:

Quote
Most straight forward and easiest strategy is HODL. That means buy some coins and don't touch them, forget about them few years. Hopefully if everything goes right, it will be worth pretty penny once you revisit them after waiting for a long time. In that way you don't have to worry about any crashes, don't have to worry about going to the moon, keep on "HODLing".
everything about this is just wrong!
"forget about them for a few years"? depending on what coin you have this can be the worst decision of your entire life. for example these days a lot of people are bag holding ethereum but they forget that it has unlimited supply. in a few years when you come back instead of 100 million ETH, there will be 1 billion ETH in  circulation and that has already killed the price.
Thanks for your valuble information and I will update my thread. But I want to know are they going to move POW to POS through Casper protocol ? Rumors are there but don't know the exact dates. If so don't you think they are going to capped the supply of ETH?

Quote
"Hopefully if everything goes right"? that just shows he investor has no  clue what he is doing. when you invest you shouldn't 'hope" you should analyze and make an educated decision.
Agreed Wink
sr. member
Activity: 702
Merit: 251
That is good read mate!
My favourite one was and which I always club together to get more profits out of it is, Increasing the position and off course locking them away. I like to do this because I do both increase my portfolio that way and also store them securely so that I wont sell them quickly when the time is not ok to do so. Putting the coins in hardware wallet is always advisable because it gives you some strength to hold it even when the situation goes out of control. You know very well that if you are not selling your coins then you are not in the loss at all.  Cheesy
Basically we can use all your steps or methods to gain huge capital over the time if we stayed with it as planned.
I am putting those articles in my bookmarks because this is definitely worth of merit. I'm wondering why I am not that damn good learner as you are Sad
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
this was a decent topic apart from the following part which you even start the whole thing with:

Quote
Most straight forward and easiest strategy is HODL. That means buy some coins and don't touch them, forget about them few years. Hopefully if everything goes right, it will be worth pretty penny once you revisit them after waiting for a long time. In that way you don't have to worry about any crashes, don't have to worry about going to the moon, keep on "HODLing".
everything about this is just wrong!
"forget about them for a few years"? depending on what coin you have this can be the worst decision of your entire life. for example these days a lot of people are bag holding ethereum but they forget that it has unlimited supply. in a few years when you come back instead of 100 million ETH, there will be 1 billion ETH in  circulation and that has already killed the price.

"Hopefully if everything goes right"? that just shows he investor has no  clue what he is doing. when you invest you shouldn't 'hope" you should analyze and make an educated decision.
newbie
Activity: 196
Merit: 0
This thread is helpful, but the important thing is: Controlling emotions, that's the most important.
[/quote] yes I agree with you because with emotion something can be destroyed with a moment, and ends with regret, the trade does require a very high emotional control, in order to avoid the loss.
newbie
Activity: 54
Merit: 0
Wow thank you for doing this thread mam/sir this is so helpful to all beginners like me and want to start in trading but doesn't know where to start. I will watch videos and read your thread to have knowledge in trading and apply it to my strategy thank you for this effort.
full member
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
full member
Activity: 742
Merit: 144
Great work! This is helpful for every beginners who wants to become a trader. Balancing your portfolio is the best thing for me, it will lessen the risk on your money. This is easy to understand, and I hope newbies can see this thread and don't just believe to anyone about trading.

I will be 100% honest, there is no way to be a crypto professional trader unless that you are  copying strategies from other people, the best way to go, is just to make your own strategy and try to modify it to be suitable with your skills and your knowledge

Yeah, no way to become professional in crypto trading but as long as you know what you are doing your profit will come, to make profit is your goal and not to become professional in trading.
full member
Activity: 196
Merit: 174
This is a friendly "bump"
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
Nice guide, a rare find in the seas of redundant information in this subforum.

I just have a bit of a suggestion with formatting- in the beginning of your post where you talked about a guidance video on YouTube, as well as including a full link at the bottom of your post, you can also hyperlink words using [.url][/url] and also [.b][/b] (remove the .) in the center to make the linked words bold and easier to click for easier accessibility, so readers don't have to go to the bottom to see the link. I have no complaints with everything else, truly a well written guide.

I particularly like the part where you mention a paper wallet can be better than a hardware wallet for long-term storage- I personally keep my truly cold storage funds in paper wallets, and I keep my semi-hot wallet funds in hardware wallets for occasional transfer to my hot wallet. I feel some people just ignore paper wallets as a whole, even though they have significant advantages over hardware wallets in some areas.
full member
Activity: 196
Merit: 174
I will be 100% honest, there is no way to be a crypto professional trader unless that you are  copying strategies from other people, the best way to go, is just to make your own strategy and try to modify it to be suitable with your skills and your knowledge

Agreed with both hands and That's why I include this sentence at the beginning Wink



Disclaimer: This is just few methods that i used, strongly advised to trade at your own risk and DYOR before trading



sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
I will be 100% honest, there is no way to be a crypto professional trader unless that you are  copying strategies from other people, the best way to go, is just to make your own strategy and try to modify it to be suitable with your skills and your knowledge
member
Activity: 313
Merit: 11
this is a good article to read but the term hodl and lock your coin is not for trading strategy holding a coin for long term that we call investment on the projects.
full member
Activity: 406
Merit: 102
Stop loss might be risky for beginners while it is useful for pro traders, holding is no doubt the best strategy for everyone.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
when you are talking about "trading strategies" then you can not include "hold" as one of them because it has nothing to do with trading. it is more like an investment strategy when you find something with great potential and then invest in it for long term.

the rest of the topic is a good one apart from the last part "Balancing Your Portfolio". i still don't  consider investing in altcoins a valid investment and will never call it a "portfolio" because you are not diversifying you are just limiting your profit.
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