These tips are very useful for experienced traders as well not only for beginners.
Reading tricks and tips helps to become a successful trader as we can avoid making mistakes others
experienced earlier. But reading is not enough, we have to implement them that they become a daily
trading routine in decision making process.
When I started trading long time ago I read many times on many places : just buy on dip and Hodl. Later on I realised
that it is important which coins I am buying (avoid low-cap and volume ones) as what goes down, does not necessarily go up again.
Some coins can crash completely and never reach OTH (old time highs) again. I learned that on the hard way.
That time, another surprise for me was that Crypto never sleeps and there are no weekends in trading like on traditional exchanges.
Topic: Crypto trading tips based on years of experience --- by Raja - page 4. (Read 18365 times)
Crypto trading tips based on years of experience yes. However, if you want to make good impact in a particular thing you are doing you need s greater experience. Also, to make profit in cryptosystem you need experience so that you will not get in lose. A good investors learn how to hold during dip than trade.
Thank you very much for sharing these tips. honestly learn lots of things from this 2 minutes reads. Thanks again.
I'm glad I helped someone.
Thank you very much for sharing these tips. honestly learn lots of things from this 2 minutes reads. Thanks again.
Few more tips added.
What exactly are you talking about? Max supply of almost every coin is limited.
This is true in case of everything except Bitcoin and the reason behind that is that the limited number of Bitcoin has not stopped it from growing so big. So this limited numbered currency is unstoppable just because it has a limited supply. It has been a decade and more than 50% of the Bitcoin are being owned. Lets say the remaining are purchased in the coming 10 years.
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.
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.
What exactly are you talking about? Max supply of almost every coin is limited.
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 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.
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.
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.
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!
Added a new point:
Don't be the one who just sits back and looks at the coins getting pumped up, and then, continues to look at their decline. Remember, until and unless you take some profit off of the pump, that pump is actually useless for you.
Quote
23. Book your profits, don't be the one just "hodling" around. Hodling, in my opinion, works out when you're planning to buy something and then leaving it for a few years. If you're trading, it's not an option for you.
Don't be the one who just sits back and looks at the coins getting pumped up, and then, continues to look at their decline. Remember, until and unless you take some profit off of the pump, that pump is actually useless for you.
In situations like the current one, keeping bitcoin is the safest bet. Don't rush on anything, you'll get burnt. Let quality opportunities come to you by themselves.
Remember the pattern of alts vs. bitcoin as shared in the first post of this thread.
Remember the pattern of alts vs. bitcoin as shared in the first post of this thread.
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.
*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.
As I said in my last post, during times like the current one, bitcoin is the safest bet. Bitcoin dominance that time, just a few days back was below 36%, now it's 37.5%+. However, once there's enough bloodbath in alts (talking about alts vs. bitcoin pair), entering your favorite alt bit by bit should be a good strategy, like right now, I'm entering little-by-little into NANO.
Just added the new point:
Quote
22. If you're going to have a big position in one of the coins, make sure to thoroughly investigate what's going behind the scenes (by joining its Discord or Telegram), else, you might find something suspicious later on which will be very annoying.
This is something very important to keep in mind. Do not have a strong position in a coin which you don't know about very well. Recently, I bought a good amount of NANO, and later on, found that someone (probably the hacker of BitGrail) is dumping a good number of NANO on daily basis:
https://nano.meltingice.net/explorer/account/xrb_3hmcxznhr6edmq14gmwaxwippcjhb5m6fs5633qktk688iysbnq96oyrtbe7
...and at this rate, he'll keep dumping for at least a month more before he gets rid of all the NANO he has. I got to know about this after joining their Discord server. Now, I only have the option of holding (as it's too late to sell now at current ridiculously low price). If I knew about that before, I'd buy now instead of buying a few days back.
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...
In situations like the current one, keeping bitcoin is the safest bet. Don't rush on anything, you'll get burnt. Let quality opportunities come to you by themselves.
Remember the pattern of alts vs. bitcoin as shared in the first post of this thread.
Remember the pattern of alts vs. bitcoin as shared in the first post of this thread.
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.
*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.
As I said in my last post, during times like the current one, bitcoin is the safest bet. Bitcoin dominance that time, just a few days back was below 36%, now it's 37.5%+. However, once there's enough bloodbath in alts (talking about alts vs. bitcoin pair), entering your favorite alt bit by bit should be a good strategy, like right now, I'm entering little-by-little into NANO.
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.
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