Topic: CRYPTOCURRENCY TRADE PRINCIPLE. (Read 489 times)

Bounty rewards for trading volume and extra people support. Some exchange doing it by bot and fake volume. Principal is interesting news.

Holding is not always the correct strategy. You also need to sell when the price is high. If you keep on holding, you'll have no profit as you'll never cashout.
Buying when the price is high and holding would be a loss. If you really want to earn a profit, make a strategy and put limit orders on different price movements.

I have some trade principle, "once we get in, never regret, never do similar mistakes".
Well, so far, I still keep learning how to be a good trader to gain more profits. What I must prepare is my patience, strategy, not panic, and also emotion. Never hurry up, be wise and patient to analyze the chart of the market changes.

win or lose part of the game in cryptocurrency investment. the strategy as an investor is not just saving and holding. investors must also monitor the coins movement invested regularly, so that if a bad market change occurs, it can be addressed immediately.

well there are some different strategy in trading some of them is the never sell for lose
but that strategy is only good for long term when see the potential of the coin and just waiting for few years

your chance will depend on how deep you can load your coin and this time i meant about the bottom price of coin.
Remember so many people are creating wrong analyzation to put TA and FA at the top but they forget about how to take the best time and price to enter the market.
This is the problem already happened with a lot of traders,

The most important principle of trading - buy during the fall, and you have to sell when there is growth. I know that this is not easy to do. But it comes with experience.

The principle of profit and loss I think everyone knows that but the fact is that when conditions are unstable, everyone has limits for their thoughts and needs well so not everyone can do the same even with thousands of strategies.

These are the only two options available for us to make profits from trading,the loss of our capital can't be restricted even by holding as well but the process of recovering the lost amount depends on our strategies or principles or as how we call it as.

Nah there are people who trade without having any strategy at all, and I have seen a lot of them. Some people just jump on trades and they don't even know what they are doing, yep that happens a lot here. One thing you have to know is that no one wants to be a loser, if there is anyone that wants to be a loser, which I have never seen before, then that' would be really weird. So the same thing you have in mind is what others have in mind as well, which is - profit. Whenever I invest, if I'm going to hodl then I make up my mind and take the risk, but I don't take stupid risks, I will first of all research about the coin I'm investing and know what experts thinks about it, whether it is going to grow in the nearest future or not. And I don't buy just any coin, I prefer to buy the top coins in the market.

Almost the same as your strategy, when I hold a coin and the price goes down, I will not sell the coin but I will buy it again in stages, and if the price drops again then I will buy it again gradually. In my opinion this is the best way to hold a coin, minimize more losses, even though at first it loses but must be calm.
Oh yeah but I don't dare to do this on coins below 10 cmc, because it's very risky.

the two choices you offer are often done in trading. I use both, especially if I trade two assets at once, I will use both methods for each asset I trade. and that was proven, I was able to return capital with profit, even more.

No one willing to sell for loss but it will happens once you done the trade so what you will do if the price of your coin lost once you bough it?

You have two choice right,hold it until the price goes up or just buy more with cheap price and make recover from losses even if there is slight increase.

Any tradable coin must dip, which is really the fun of it, because without that dip, there is no way a trader can make profit from such coin, so like you said, it is only a premature trader that will not take this into consideration and quickly take profit when they see one no matter how little it is

Hey must have at the back of their mind that any coin with high trade volume and prospect must all way have users that will buy and sell from time to time,  which usually causes all the fluctuating value we see for us to trade with. Day trading is really an interesting one, but can only be done by people who have a string heart and has dead emotions.

What kind of market dynamics? up and down market trends? or the dynamics are over?
I always think the principle of all trades is always the same, which is to make a profit. How to? I think we should have good luck and mature analysis to get it.

Buy at low and sell at high price is not only you strategy. In face, almost all people involving in cryptocurrency do the same. And they are following the cliche of hold hold hold until price of coins increase. But my strategy is a bit different from others'. I seek other ways to compensate for my loss like involving in bounty campaigns.

When it comes to holding, you really have to handle this with great wisdom, because there are some coins that maybe going down after they surge, and if you are not fast enough to join the group of people selling at that time, you may never ever get the chance to do so again because such coin may never rise, just like some of the coins majority of us all fail to withdraw in the last altcoins bull run, look at what they have all become now, imagine we had taken step to sell them off then, would there be any of the regrets we are having now? Holding is better for any coin you can confidently rely on like Bitcoin, that no matter the fall, it will always come back on its feet.

You can win the battle but lose the war. Or you can lose the battle but win the war. Also in trading on the stock exchange. You must understand the dynamics of the market.

In trading, sometimes you must sell your coin to stop your loss before it get worse.
Many coins are falling to the price where it far from the price you buy, need long time to recover.
So, you can hold if the coin price falling, but you need to hold for long time which can make you become investor rather than trader.

In such cases, I advise investors to diversify the risk of investing in more than one token since it is very dangerous because you do not know where the price of the token will go tomorrow and there is always a risk of losing your investment and that is why I recommend this tactic.

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.

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.

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.

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.

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 

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 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.

Holding can also be a losing strategy. That is, you buy at the highs and hold; the project dies, the asset price falls, then the asset is not traded on the exchanges;.. game over. The trouble is that it will be with many projects.

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.

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

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.

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

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.

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

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.

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.

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.

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

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. 

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.

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 .

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.

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.

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

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.

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.

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

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.

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.

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.

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.  

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.