CRYPTOCURRENCY TRADE PRINCIPLE. - page 3.

Tipstar

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Quote from: raden1922 on May 25, 2019, 05:03:02 PM

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 won't disclose my principal openly because I have made it from a long experience and losses. But what I want to point out is not selling on loss is not a good strategy if you ever wants to become a profitable trader. Buying coin for cheap and holding them 100% is a strategy but that cold take years to make a profit for you.

starblocks

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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

chatedha

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I regret that I didn't my sell BTC on ATH and hold till now, for now, I will sell my coins if there is a chance to make a profit. Grin

rijaljun

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Quote from: CLywaTeLb on May 26, 2019, 02:37:22 PM

Quote from: rijaljun on May 25, 2019, 05:17:13 PM

I've learn something important from bear market that I would always remember.. try to enjoy your profit before everything is gone away. That's the only my trading principle for now because I've ever earned much from trading but I can't really enjoy my income. Grin

This may be one of the best strategies. We can trade in a falling market by increasing the number of coins. That can be useful if at least one of the coins turns out to be lunar.
Just holding is unlikely to give such a profit, as many expect. All the same, it is necessary to make an effort Grin

.

What strategy are you talking about? I didn't mention any strategy.. I just share my principle so that everyone will probably trade carefully. It is useless if we could earn much but never had time to enjoy it, that's my point.

CLywaTeLb

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Quote from: rijaljun on May 25, 2019, 05:17:13 PM

I've learn something important from bear market that I would always remember.. try to enjoy your profit before everything is gone away. That's the only my trading principle for now because I've ever earned much from trading but I can't really enjoy my income. Grin

This may be one of the best strategies. We can trade in a falling market by increasing the number of coins. That can be useful if at least one of the coins turns out to be lunar.
Just holding is unlikely to give such a profit, as many expect. All the same, it is necessary to make an effort Grin

.

mannybitcoins

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Different coins require a different approach to them. With some coins, it is better to say goodbye as soon as their price starts to fall and not waste your time, and with other coins you should wait.

lyks15

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Yes you are right. We need to have a priciple and plan in every trading business activity that we deal. Because we need an objective to make it successful and far from loss. Be practical you will not sell your coin if you will see that you are going to loss just hold and wait for the right time to sell.

Psynthax

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Quote from: raden1922 on May 25, 2019, 05:03:02 PM

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.

It looks like you are doing something wrong with it. if you have been in lost and then you sold them when you got a little increase just like you buy 1000 gets decreased 900 and after a little recovery to the 300 and you sold them and that's the wrong principle in trade and you have missed the pump more than 1000 at the beginning to hold it.
just sell when you are in the profit and you should not care about long term caused by you can get long term coin and never try to speculate short term coin for long term

Gi01

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The basic principle needed in every cryptocurrency trading strategy or plan is knowing and understanding the basic factors responsible for either the increase or decrease in the value of any particular crypto coin. This helps you to know the level of risks available in any moment of time when investing or trading.

seggardinggins

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Actually the most important thing in trading is the time to buy and sell must see the condition and growth of the coin itself. Many people lose or regret selling their coins because in the next week the price actually rises and vice versa when buying.
Need the right calculation and don't be in a hurry, you must always overdo the growth of the market and Altcoin.

cytpoway121

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Quote from: raden1922 on May 25, 2019, 05:03:02 PM

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.

The unique rule is that apply different principles of different tokens.
Some tokens when dump, go back to the basis of dump, and never rises back
Some tokens maintain a sinusoidal wave form of dump,

Different token
Different trades
Different approach

Adriano2010

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I also not sell if i'm in loss, because if i buy a coin when was 10$ and now is only 3$ i still hold and wait for next bull run to see if will grow again and if will reach a new ATH i will sell.

tabas

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If I lose, I'm accepting that it's already a lose. I'm not willing to sell within a big lose but if I can have remedy of cutting few percentage of loss, I can apply that. I guess we're already endured with losses base to what we've been through during the bear market. It's almost nothing to us when we risk more in trading, we'll choose more to profit although if we already know that chance of making is becoming low.

Teawhalee

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I have learnt that if you can’t take some losses you won’t be able to enjoy some profit ! For me it depends on the coin am holding ! That’s why I can’t trade a coin I won’t be able to hold if things gone worse.

rijaljun

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I've learn something important from bear market that I would always remember.. try to enjoy your profit before everything is gone away. That's the only my trading principle for now because I've ever earned much from trading but I can't really enjoy my income. Grin

raden1922

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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.

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