Everyone who conducts crypto trading must already have principles and know about profit or loss. My principle is that I will never sell when I see the results will lose, I better hold when the coins that I have bought are decreasing in price (holding is not afraid of losses) but part of the strategy. And I will sell when I increase, although I will definitely sell a little. Never be afraid to experience a loss, because loss is one of the risks in trading. But you must have a strategy.
I agree this is a good strategy,but alas, not all assets show good dynamics after a long time.Long-term strategies are good,but not for all assets.This should be understood. 
Topic: CRYPTOCURRENCY TRADE PRINCIPLE. - page 2. (Read 491 times)
Nice principle. I have a couple of principles too. principles are important if you truly want to be consistent and trade the market the right way
some of my principles are as follows:
1) I never use leverage: leveraging in crypto trading is no doubt the largest killer of accounts. It's beyond a reasonable doubt that most the traders who use leverage in forex would lose eventually. I try to stay away from leveraging every single time. As I have said before, there are enough gains - enough to guaranty equal profitability, even without leverage.
2) I stick to my strategy every time. I never ever change a working strategy, no matter how lucrative it would have been to. the thing is, usually spend 6 months testing a new strategy before I put it to play. but when I do get a good strategy, nothing can make me change it unless its's another strategy I tested for another 6 months that gave me a better result. I can't overemphasize the importance of getting a working strategy and sticking to it. the market is too random for you to change strategies every time. sticking to one strategy is your best bet to getting a good ROI long term.
3) I ignore a currency if it has news attached: rather than try to long or short the news. I simply ignore a currency that has any upcoming news attached. this has kept me away from a lot of bad trades. an example is BCH before the fork. everyone thought bch would moon just before the fork. but I stayed out. however, two weeks before the fork, bch went up over 70%. people felt smart for buying, but I knew there was a problem on the way. 5 days before the fork, bch crashed over 80% n bitfinex and the trading even had to be stopped. neither buy or sell the news. simply leave it as it is.
some of my principles are as follows:
1) I never use leverage: leveraging in crypto trading is no doubt the largest killer of accounts. It's beyond a reasonable doubt that most the traders who use leverage in forex would lose eventually. I try to stay away from leveraging every single time. As I have said before, there are enough gains - enough to guaranty equal profitability, even without leverage.
2) I stick to my strategy every time. I never ever change a working strategy, no matter how lucrative it would have been to. the thing is, usually spend 6 months testing a new strategy before I put it to play. but when I do get a good strategy, nothing can make me change it unless its's another strategy I tested for another 6 months that gave me a better result. I can't overemphasize the importance of getting a working strategy and sticking to it. the market is too random for you to change strategies every time. sticking to one strategy is your best bet to getting a good ROI long term.
3) I ignore a currency if it has news attached: rather than try to long or short the news. I simply ignore a currency that has any upcoming news attached. this has kept me away from a lot of bad trades. an example is BCH before the fork. everyone thought bch would moon just before the fork. but I stayed out. however, two weeks before the fork, bch went up over 70%. people felt smart for buying, but I knew there was a problem on the way. 5 days before the fork, bch crashed over 80% n bitfinex and the trading even had to be stopped. neither buy or sell the news. simply leave it as it is.
I have experience if I continue to hold without consideration, I will experience more losses so hold is not the right choice for me, not all altcoins can survive in market conditions. the principle for me in trading must be to see and know what is happening in the market and how the developments that occur in the altcoin, in order to make a choice.
in a bear market, the best strategy is to buy but not just hold it) in 2018 those who bought bitcoin at 3,000 have already earned a lot of money
For people that still has some money buy coins on the dip when market is bearish is good too.But, for people that invested all money , holding is the only they choice.
As traders, we must have our own principle in order to really know what kind of decision, what kind of strategy, and steps to take in trading. For me, one of the most principle that I must hold tightly is to "take the right decision on the right moment". And also, I must also be able to manage myself, emotional, patience, and strategy to keep fighting the trading challenge and chances.
That is true when we face the bear market , the best strategy is holding.
When the market has grow up we can take profit.
When the market has grow up we can take profit.
how if somebody bought bitcoin above $12K and ethereum above $500, until now they still lost in usd terms right ?
thats will be a long term hodl mate,, i think if we still have a chance to sell and we predict the price will go down more, i think its better to sell it, then buy in the lower price my friend, and the amoount of our assets is increasing right,,
but now a green market is coming, i hope everyone already earn some profit
That is true when we face the bear market , the best strategy is holding.
When the market has grow up we can take profit.
in a bear market, the best strategy is to buy but not just hold it) in 2018 those who bought bitcoin at 3,000 have already earned a lot of money When the market has grow up we can take profit.
For sure it is a great tactic but not in practical side. If you have bought a coin and it dropped, sometimes it is much better to have a small loss, rather than to be forced to stay in a coin for several months or maybe longer.
Everyone who conducts crypto trading must already have principles and know about profit or loss. My principle is that I will never sell when I see the results will lose, I better hold when the coins that I have bought are decreasing in price (holding is not afraid of losses) but part of the strategy. And I will sell when I increase, although I will definitely sell a little. Never be afraid to experience a loss, because loss is one of the risks in trading. But you must have a strategy.
Okay, I got your point. You simply do,
"Buy low, sell high".
Holding it when you know you will gonna be deficit and wait for the pump until you get back the loses is somehow effective....for some! Because I must tell you, last year it was the longest bear market. I bought btc at high price then and I know patiently waiting is the best rule here. I failed at that part. There are times I needed money and I've withdrawn my fund not able to wait for the pump. For I know, I have losses that time but at least I have learned what a trader must do. HOLD and keep HOLDing.
But I have a question in my mind,
"Have you ever bought some coins at peak and then you've been tired of waiting because until now it doesn't move up?"
Because I do. With EOS. LOL.
I will never sell to lose I prefer to take my coins and tokens to the grave ,I will only sell if there is enough profit and for me trading is risky ,sometimes you just end up losing your tokens
Many does have this kind of principle. We tend to forget about our feelings and we are so quick in moving on even we're already experiencing big loss. We don't care so what we can do? we're already there so let's just go with the flow and won't sell at losses. We know that we can recover it as long as you don't sell. Same with holding, you will never profit if you don't sell and you will never lose if you don't sell as well. This principle is popular for most risk takers and people who are good in acceptance of losses.Everyone who conducts crypto trading must already have principles and know about profit or loss. My principle is that I will never sell when I see the results will lose, I better hold when the coins that I have bought are decreasing in price (holding is not afraid of losses) but part of the strategy. And I will sell when I increase, although I will definitely sell a little. Never be afraid to experience a loss, because loss is one of the risks in trading. But you must have a strategy.
Okay, I got your point. You simply do,
"Buy low, sell high".
Holding it when you know you will gonna be deficit and wait for the pump until you get back the loses is somehow effective....for some! Because I must tell you, last year it was the longest bear market. I bought btc at high price then and I know patiently waiting is the best rule here. I failed at that part. There are times I needed money and I've withdrawn my fund not able to wait for the pump. For I know, I have losses that time but at least I have learned what a trader must do. HOLD and keep HOLDing.
But I have a question in my mind,
"Have you ever bought some coins at peak and then you've been tired of waiting because until now it doesn't move up?"
Because I do. With EOS. LOL.
I will never sell to lose I prefer to take my coins and tokens to the grave ,I will only sell if there is enough profit and for me trading is risky ,sometimes you just end up losing your tokens
~snip~
Still when we haven't trading skill what ever strategy will make you lose. The people who have stock and forex trading skill still gettin lose when they trade on crypto market, because cryptocurrency market are decentralisation and no one can handle it market, pure of demand and supply. The best is holder, buy on market and hold on wallet with you have private key. 
Everyone who conducts crypto trading must already have principles and know about profit or loss. My principle is that I will never sell when I see the results will lose, I better hold when the coins that I have bought are decreasing in price (holding is not afraid of losses) but part of the strategy. And I will sell when I increase, although I will definitely sell a little. Never be afraid to experience a loss, because loss is one of the risks in trading. But you must have a strategy.
in my opinion thats called HODL mate, not trading
because a trading activity is always have a profit target and stop loss level
stop loss level is more important if we comparing with profit target, why ? because we should reduce our lost, with stop loss level we cut our losses in short
regards
Its hard to determine when the right time to sell and in what price we should sell because market very fluctuating. Holding coin is good as long the project give a good result on product
why are you difficult. you just need to be not greedy for profit. when you see that you have received enough profit I think you should immediately sell it, or you can sell some, and leave a few assets for the next growth that you can sell. Everyone who conducts crypto trading must already have principles and know about profit or loss. My principle is that I will never sell when I see the results will lose, I better hold when the coins that I have bought are decreasing in price (holding is not afraid of losses) but part of the strategy. And I will sell when I increase, although I will definitely sell a little. Never be afraid to experience a loss, because loss is one of the risks in trading. But you must have a strategy.
I think,cryptocurrency is zero sum game. When we got profits and sell it at high, some one buying our coin at high price. Only people who able patient and know when the right time to sell will gain proftis. I am agree we should not afraid with loss because it give us knowledge to make profits
Everyone who conducts crypto trading must already have principles and know about profit or loss. My principle is that I will never sell when I see the results will lose, I better hold when the coins that I have bought are decreasing in price (holding is not afraid of losses) but part of the strategy. And I will sell when I increase, although I will definitely sell a little. Never be afraid to experience a loss, because loss is one of the risks in trading. But you must have a strategy.
Its hard to determine when the right time to sell and in what price we should sell because market very fluctuating. Holding coin is good as long the project give a good result on product 
The most important principle I learn as a trader, is never get too greedy if you want to be successful.
Use your mind instead of your emotion, and always stay on the game plane when you trade.
Use your mind instead of your emotion, and always stay on the game plane when you trade.
The main distinction here is trading vs holding, and if you're the type of investor who doesn't want the hassles of trading for smaller profits and the risks associated with using exchange platforms that may or may not be transparent or secure then you can benefit just as greatly in the long run from holding and being patient and waiting for quality projects to mature and achieve full value
If I were to ask which is more convenient then, holding it is. Agree with you. Trading is a complicated matter and needed to be done with thorough expertise. I myself doesnt suit yet for full time trading thats why I sell of some of my bounty tokens fast from bounty. Then hold btc and major coins then hold it cause iy is more valuable and safer for me. I guess everyone has theit own style.
Crypto trading involves risk taking especially for new traders and also those who do only day trading. I always tell crypto enthusiasts that trading is not for weak minds or greedy people. Any coin can dip, the best is to set stop loss or hold especially when the coin has future prospects. Also remove greed, take profit when need be.
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