Topic: Crypto trading tips based on years of experience --- by Raja - page 4. (Read 18410 times)
Thank you very much for sharing these tips. honestly learn lots of things from this 2 minutes reads. Thanks again.
I just learn history of my trading activity and i want to know what wrong with that, because now iam in loss nearly 50% . And finally i know big my mistake, that is never use stop loss and trailling stop in every trade. So now i have to use it, and exchange that offer this function is only Binance, Bittrex, Bitfinex ,Poloniex, Gdax, so now i have to move to these exchange.
Added another tip:
Buying an altcoin that just entered a high-volume trading platform is simply a big gamble. Recently, for the very first time, without any analysis, I bought something which was just listed on Binance (QKC). I entered it at 2500 satoshis, as it seemed like it has fallen enough (it already had a fall of 1000 satoshis at the time I tried to catch that falling knife), but the next day (today), I found that it was worth only 1700 satoshis, giving me a heck of decline.
Conclusion: If you're really planning to buy something which you think has dumped enough after a huge pump AND after getting listed at a high-volume trading platform, you better be ready for something awful. It's a pure gamble, by the next day, it can either get a huge dump or an awesome pump. I'd rather play a roll on FortuneJack instead of going for a trade like this ever again.
I would also like to add some important tips to your list. First, always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s. Second, crypto trading is not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the processBuying an altcoin that just entered a high-volume trading platform is simply a big gamble. Recently, for the very first time, without any analysis, I bought something which was just listed on Binance (QKC). I entered it at 2500 satoshis, as it seemed like it has fallen enough (it already had a fall of 1000 satoshis at the time I tried to catch that falling knife), but the next day (today), I found that it was worth only 1700 satoshis, giving me a heck of decline.
Conclusion: If you're really planning to buy something which you think has dumped enough after a huge pump AND after getting listed at a high-volume trading platform, you better be ready for something awful. It's a pure gamble, by the next day, it can either get a huge dump or an awesome pump. I'd rather play a roll on FortuneJack instead of going for a trade like this ever again.
Nice tip.
Before you buy something new, don't forget to have a look at its total supply & circulating supply. Moreover, make sure that there's not going to be an extreme addition soon into its circulating supply; like unlocking of founders reward or private investor coins can devalue your coin/token too much.
Added.
This will make the prices of Bitcoin more than expected because there will be a very high competition for the coin to be bought that are already been purchased which will rise the prices.
Added another tip:
Buying an altcoin that just entered a high-volume trading platform is simply a big gamble. Recently, for the very first time, without any analysis, I bought something which was just listed on Binance (QKC). I entered it at 2500 satoshis, as it seemed like it has fallen enough (it already had a fall of 1000 satoshis at the time I tried to catch that falling knife), but the next day (today), I found that it was worth only 1700 satoshis, giving me a heck of decline.
Conclusion: If you're really planning to buy something which you think has dumped enough after a huge pump AND after getting listed at a high-volume trading platform, you better be ready for something awful. It's a pure gamble, by the next day, it can either get a huge dump or an awesome pump. I'd rather play a roll on FortuneJack instead of going for a trade like this ever again.
I would also like to add some important tips to your list. First, always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s. Second, crypto trading is not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process Buying an altcoin that just entered a high-volume trading platform is simply a big gamble. Recently, for the very first time, without any analysis, I bought something which was just listed on Binance (QKC). I entered it at 2500 satoshis, as it seemed like it has fallen enough (it already had a fall of 1000 satoshis at the time I tried to catch that falling knife), but the next day (today), I found that it was worth only 1700 satoshis, giving me a heck of decline.
Conclusion: If you're really planning to buy something which you think has dumped enough after a huge pump AND after getting listed at a high-volume trading platform, you better be ready for something awful. It's a pure gamble, by the next day, it can either get a huge dump or an awesome pump. I'd rather play a roll on FortuneJack instead of going for a trade like this ever again.
10. Never FOMO/panic. Never think "if I hadn't sold it, I'd have been sitting on a million". Never cry over past, only learn from it and don't repeat the same mistake.
In my opinion, this is a main tip in trading. Gathering the own experience and learning from the own mistakes are very important. Of course, the mistakes shouldn't be at all, but the current economic and politic situations in the field of the crypto currencies are changed rapidly, so almost nobody can teach you in the real time how to get a profit with no risk, using a crypto trading. Useful tips! 
Actually, I agree with you on some points (Tips). Moreover, the long term of experience is very essential in the field of Trading, and it can help in order to ensure a large proportion of financial profit. many people become disillusioned when they get a great loss (a failed experience) this affects the psychology of some, which leads to the succession and multiple losses, because they did not learn well from those bad experiences.
In fact, I am totally agree with you in the ninth advice , patience is one of the keys to success in the field of trading, and it is a necessary thing, and Unfortunately, I see many traders are very hasty , and they want to win a large proportion of money in an easy and quick way, and this is an impossible thing and it may only happen when the trader have a big luck.
Yes.That's when greed also appears in trading.People seem not be satisfied even if they have a great and successful trading a while ago.Mostly in this case,people will not get good rewards if they still pursue another trading activity.I also agree with long years of experience in trading,there is more tendency that you will create a successful trading because of your own expertise that have been developed. In fact, I am totally agree with you in the ninth advice , patience is one of the keys to success in the field of trading, and it is a necessary thing, and Unfortunately, I see many traders are very hasty , and they want to win a large proportion of money in an easy and quick way, and this is an impossible thing and it may only happen when the trader have a big luck.
Good run down of tricks and tips there, some of them you read all the time, but a few that should help people trying to build up a decent sized portfolio. The depressing fact is that Bitcoin moving, either up or down, causes most altcoins to drop. Constantly trying to increase my Bitcoin as a percentage of my portfolio, but it's not easy.
Great post Raja!
Just a quick note to say a friend recently referred me to these guys: Niffler.co
I checked it out, looked cool....I ended up reaching out to them via their contact page and ultimately started talking to one of the founders for about an hour or so....Apparently they are a well funded startup/team that just threw up their landing page not long ago....
Basically they work with both newbies and experienced traders...with newbies, they give them $100k in play dollars...newbies can practice, grow their portfolio using a Live Exchange...once they good (based on a bunch of thresholds) they can start teaching others and make money doing it...Experienced traders should not have too much trouble getting to that point and from there they can start making money...his best description of what they're launching soon is Patreon meets Coinbase, without the risk....
Hope it helps any newbies! Maybe even helps experienced traders make some money too...
Just a quick note to say a friend recently referred me to these guys: Niffler.co
I checked it out, looked cool....I ended up reaching out to them via their contact page and ultimately started talking to one of the founders for about an hour or so....Apparently they are a well funded startup/team that just threw up their landing page not long ago....
Basically they work with both newbies and experienced traders...with newbies, they give them $100k in play dollars...newbies can practice, grow their portfolio using a Live Exchange...once they good (based on a bunch of thresholds) they can start teaching others and make money doing it...Experienced traders should not have too much trouble getting to that point and from there they can start making money...his best description of what they're launching soon is Patreon meets Coinbase, without the risk....
Hope it helps any newbies! Maybe even helps experienced traders make some money too...
Actually, I agree with you on some points (Tips). Moreover, the long term of experience is very essential in the field of Trading, and it can help in order to ensure a large proportion of financial profit. many people become disillusioned when they get a great loss (a failed experience) this affects the psychology of some, which leads to the succession and multiple losses, because they did not learn well from those bad experiences.
In fact, I am totally agree with you in the ninth advice , patience is one of the keys to success in the field of trading, and it is a necessary thing, and Unfortunately, I see many traders are very hasty , and they want to win a large proportion of money in an easy and quick way, and this is an impossible thing and it may only happen when the trader have a big luck.
In fact, I am totally agree with you in the ninth advice , patience is one of the keys to success in the field of trading, and it is a necessary thing, and Unfortunately, I see many traders are very hasty , and they want to win a large proportion of money in an easy and quick way, and this is an impossible thing and it may only happen when the trader have a big luck.
Hi, great tips. I agree with almost all of your tips. Maybe somebody would tell you that trading in btc pairs instead of usd pairs is better only in a bull market. When btc value is in long term increasing. But many of us believe in crypto. Many of us believe in long term bitcoin. So we know that every bear trend will end. If you increased your btc holding with btc pair tranding you will be rewarded sooner than later.
Hello Op, I have 200+ USD worth of multiple alts in the livecoin.net exchange. I am not very much sure how to predict the potential coin to bump today unless bump signal groups I part of it.
Even they use to give the signals for Bitrex and Binance mostly. My query is: Please share me good bump and dump signal group to find the livecoin price factors.
Then please explain me the how you confirm the red and green on the site. For example, if you see the BTC/TRX shows the -3.08. What is this indicates. I want to which one is best coin to invest at this time. BTC or TRX?
Hope get the answer mate. If possible send me PM about this. Thanks for the help.
Even they use to give the signals for Bitrex and Binance mostly. My query is: Please share me good bump and dump signal group to find the livecoin price factors.
Then please explain me the how you confirm the red and green on the site. For example, if you see the BTC/TRX shows the -3.08. What is this indicates. I want to which one is best coin to invest at this time. BTC or TRX?
Hope get the answer mate. If possible send me PM about this. Thanks for the help.
Thank you all the advice is good. Most of all I liked Board number 12.
Similar stories of emotions are told by people who entered their passwords from their wallets on the fishing sites.
Similar stories of emotions are told by people who entered their passwords from their wallets on the fishing sites.
Most of you are probably gonna learn the hard way, like I did, by making a lot of mistakes, but maybe keeping in mind a few tips can help you reduce the learning time of stupid mistakes:
1. Your goal is to earn BTC, not the tethers (USD). Trade BTC/Alt pairs, not USDT pairs.
2. Do not buy something that has been multiplied by 2 or 3 recently.
3. Paid trading tips, pump n' dump groups, Twitter, or other sort of paid groups are not going to give you the right suggestions, in fact, their main goal is to squeeze some money out from you!
4. Always remain at least 40% in bitcoin, there're a lot of times when bitcoin makes a crazy move and alts get a heck of damage.
5. Keep your portfolio divided in at least 5-10 coins. Never fall in love with some one coin only, otherwise this love will damage you in the end as much as real-life love.
6. Time comes when you feel like all other alts are getting pumped up except for yours, in that case, just hodl. It'd be too late to jump onto some other alt.
7. If you're buying something that's about to get hard-forked leaving two coins (out of one) in hope of a pump, don't forget to dump it like 2-3 days earlier. It's a trend now, a pre-fork dump.
8. If something is obvious, it's obviously wrong. -Joe Granville
9. Good things come to those who wait. -Al-Quran
10. Never FOMO/panic. Never think "if I hadn't sold it, I'd have been sitting on a million". Never cry over past, only learn from it and don't repeat the same mistake.
11. In crypto, the good thing is, you can always make a good comeback by being wise, even if you're left with 10% money you initially invested.
12. If you think no one's more unlucky than you, then watch some Youtube videos of victims of Bitconnect.
13. Wait for quality trades (good chances), don't just rush up to trade your bitcoin or dollars again after every successful profit. Decrease quantity of trades and increase quality of trades. Don't trade while you're exhausted (or too much happy on previous trade).
14. If you think you missed the chance by not buying something, don't be blue, try to find some other opportunity. There're always some golden opportunities available in crypto.
15. Trade in levels. Buying and selling, both, do it in levels. This reduces the risk greatly.
16. Try to "bitcoin cost average", if you buy something at 0.02 BTC price, and it goes down to 0.015 BTC, then buy more of it at 0.015 BTC so that you can get into profit faster once it recovers.
17. Make one fully-researched decision without fomo'ing out, and once you make it, stick to it. Finding absolute bottom to buy in at or absolute top to sell on at is pretty much impossible.
18. Very good and interesting analysis by @cy_stats on Twitter of altseason: https://pbs.twimg.com/media/DZstNL-XkAAKFZN.jpg
19. Always keep in mind the following pattern of BTC & Alts, as seen in past years:
*1) If bitcoin goes up heavily, all alts suffer.
*2) If bitcoin goes down heavily, all alts suffer.
*3) If bitcoin goes up slowly, only low volume alts suffer.
*4) If bitcoin goes down slowly, only volume alts suffer.
*5) If bitcoin stays sideways, every kind of alt grows.
*6) If bitcoin stays sideways for a few weeks (4+), all alts grow and low-volume alts go "absolutely" crazy.
20. Do not use leverage unless you're really experienced.
21. I personally do not include the coins I've in exchanges in my portfolio. Remember, as long as you've your coins in the exchanges, they do not belong to you. They belong to the exchange and you should always remain ready for a hack/loss of those funds. If you're not trading something, it's way better to take it off the exchanges.
More tips coming up as soon as I think of them. I'm expecting to reach at least thirty tips soon. If you've been in trading and would like to share a tip as well, please post below.
1. Your goal is to earn BTC, not the tethers (USD). Trade BTC/Alt pairs, not USDT pairs.
2. Do not buy something that has been multiplied by 2 or 3 recently.
3. Paid trading tips, pump n' dump groups, Twitter, or other sort of paid groups are not going to give you the right suggestions, in fact, their main goal is to squeeze some money out from you!
4. Always remain at least 40% in bitcoin, there're a lot of times when bitcoin makes a crazy move and alts get a heck of damage.
5. Keep your portfolio divided in at least 5-10 coins. Never fall in love with some one coin only, otherwise this love will damage you in the end as much as real-life love.
6. Time comes when you feel like all other alts are getting pumped up except for yours, in that case, just hodl. It'd be too late to jump onto some other alt.
7. If you're buying something that's about to get hard-forked leaving two coins (out of one) in hope of a pump, don't forget to dump it like 2-3 days earlier. It's a trend now, a pre-fork dump.
8. If something is obvious, it's obviously wrong. -Joe Granville
9. Good things come to those who wait. -Al-Quran
10. Never FOMO/panic. Never think "if I hadn't sold it, I'd have been sitting on a million". Never cry over past, only learn from it and don't repeat the same mistake.
11. In crypto, the good thing is, you can always make a good comeback by being wise, even if you're left with 10% money you initially invested.
12. If you think no one's more unlucky than you, then watch some Youtube videos of victims of Bitconnect.
13. Wait for quality trades (good chances), don't just rush up to trade your bitcoin or dollars again after every successful profit. Decrease quantity of trades and increase quality of trades. Don't trade while you're exhausted (or too much happy on previous trade).
14. If you think you missed the chance by not buying something, don't be blue, try to find some other opportunity. There're always some golden opportunities available in crypto.
15. Trade in levels. Buying and selling, both, do it in levels. This reduces the risk greatly.
16. Try to "bitcoin cost average", if you buy something at 0.02 BTC price, and it goes down to 0.015 BTC, then buy more of it at 0.015 BTC so that you can get into profit faster once it recovers.
17. Make one fully-researched decision without fomo'ing out, and once you make it, stick to it. Finding absolute bottom to buy in at or absolute top to sell on at is pretty much impossible.
18. Very good and interesting analysis by @cy_stats on Twitter of altseason: https://pbs.twimg.com/media/DZstNL-XkAAKFZN.jpg
19. Always keep in mind the following pattern of BTC & Alts, as seen in past years:
*1) If bitcoin goes up heavily, all alts suffer.
*2) If bitcoin goes down heavily, all alts suffer.
*3) If bitcoin goes up slowly, only low volume alts suffer.
*4) If bitcoin goes down slowly, only volume alts suffer.
*5) If bitcoin stays sideways, every kind of alt grows.
*6) If bitcoin stays sideways for a few weeks (4+), all alts grow and low-volume alts go "absolutely" crazy.
20. Do not use leverage unless you're really experienced.
21. I personally do not include the coins I've in exchanges in my portfolio. Remember, as long as you've your coins in the exchanges, they do not belong to you. They belong to the exchange and you should always remain ready for a hack/loss of those funds. If you're not trading something, it's way better to take it off the exchanges.
More tips coming up as soon as I think of them. I'm expecting to reach at least thirty tips soon. If you've been in trading and would like to share a tip as well, please post below.
You have certainly solid experience in trading. We have almost the same philosophy in trading 20 out 21 of your tips are common with. Actually; if you will follow these tips religiously you will have certainly become successful in trading. Newbies in trading should read these in order not to disrupt the market stability.
12. If you think no one's more unlucky than you, then watch some Youtube videos of victims of Bitconnect.
Thanks for the tips, this one is funny though. There are more victims of other shitcoins so why point out the victims of Bitconnect? Bitconnect victims have told about their story in a very emotional way. They'll surely bring tears to your eyes and ultimately you'll feel better for yourself.
12. If you think no one's more unlucky than you, then watch some Youtube videos of victims of Bitconnect.
Thanks for the tips, this one is funny though. There are more victims of other shitcoins so why point out the victims of Bitconnect? Maybe you can add this tip: Never buy a coin that is obviously being pumped and dumped or never buy a coin that is overvalued and is hyped too much, because it will lead you to loss in the long run if you didn't dump it at the right time. Very nice tips.
Maybe add: don't use leverage unless you're really experienced.
Dunno if this one is off topic, but maybe a warning to take your profits off the exchanges periodically, as they are prone to failures.
Maybe add: don't use leverage unless you're really experienced.
Dunno if this one is off topic, but maybe a warning to take your profits off the exchanges periodically, as they are prone to failures.
Thanks!
Added the two points of yours. I'm amazed how I can forget to include that point of exchanges, it's very much relevant here.
I've failed to understand why some people think that they know all in crypto just be being here for a long amount of time, seniority really means nothing in an industry which is new, has much pretty much rallied in growth by a massive number, and is relatively unknown to most people.
History repeats. I'm not claiming that I know all in crypto just because I've been here for years, but seniority DOES mean a lot even if something has turned a few months old. I'm just trying to help newbies in avoiding the silly mistakes I've made.
Very nice tips.
Maybe add: don't use leverage unless you're really experienced.
Dunno if this one is off topic, but maybe a warning to take your profits off the exchanges periodically, as they are prone to failures.
Maybe add: don't use leverage unless you're really experienced.
Dunno if this one is off topic, but maybe a warning to take your profits off the exchanges periodically, as they are prone to failures.
I've failed to understand why some people think that they know all in crypto just be being here for a long amount of time, seniority really means nothing in an industry which is new, has much pretty much rallied in growth by a massive number, and is relatively unknown to most people.
Golden Tip of crypto - Don't get involved here if you wouldn't get involved with penny stocks.
Golden Tip of crypto - Don't get involved here if you wouldn't get involved with penny stocks.
Another "golden" tip which I'm going to update right now:
-Always keep in mind the following pattern of BTC & Alts, as seen in past years:
1. If bitcoin goes up heavily, all alts suffer.
2. If bitcoin goes down heavily, all alts suffer.
3. If bitcoin goes up slowly, only low volume alts suffer.
4. If bitcoin goes down slowly, only volume alts suffer.
5. If bitcoin stays sideways, every kind of alt grows.
6. If bitcoin stays sideways for a few weeks (4+), all alts grow and low-volume alts go "absolutely" crazy.
all the things you have explained clearly and detail about understanding the right way in trading, hopefully the way you describe can be useful for beginners -Always keep in mind the following pattern of BTC & Alts, as seen in past years:
1. If bitcoin goes up heavily, all alts suffer.
2. If bitcoin goes down heavily, all alts suffer.
3. If bitcoin goes up slowly, only low volume alts suffer.
4. If bitcoin goes down slowly, only volume alts suffer.
5. If bitcoin stays sideways, every kind of alt grows.
6. If bitcoin stays sideways for a few weeks (4+), all alts grow and low-volume alts go "absolutely" crazy.
yes I think most of the clauses are correct. Never fomo is golden.
However it is not easy to stay calm even you are experienced because crypto is so exciting
FOMO isnt really a good habit to consider, its just really instead like a pure gambling to me because having these kind of habit will really put you on risk later on when prices do go opposite on what you expect. For things being listed above those tips are common but somehow these things should be followed yet this would really be helpful along the way.If you are just purely starting on crypto trading then better to read up this tips and get aware on what you are doing. However it is not easy to stay calm even you are experienced because crypto is so exciting
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