Difficulties (ups and downs) faced in trading?

likerseld

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Quote from: posi on September 19, 2018, 04:41:03 AM

Things a new cryptocurrency trader ought to focus on are many but a gradual process. First are planning the technical and fundamebtal analysis while he invest long existing and the most profitable coins for the 7months cause things have change after the market correction.

The ups and downs in trading is actually what every trader is trading on and without such level of volatility, obviously there will be nothing to trade at all.

As long as you have the knowledge to pull off a successful trade, you have a solid strategy you can make use of at any point in time, and you stick with it confidently, anyone can trade any market at any point, even though you will always have to change selling strategy when it comes to a downtrend market.

aencarnaci

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Quote from: Mr.Blue[NMC] on September 20, 2018, 10:48:42 AM

the first and most important advice would be portfolio diversification, don`t put your eggs in one basket, split your portfolio in 3 so you have 1/3 for long term investing, 1/3 for medium term or swing trading and the last 1/3 for short term investment or margin scalping

Ups and downs will always be a normal thing in every market and there is no way anyone can absolutely avoid it. As it is, the best thing to always do is to know where you are buying any market and when you are selling, if you want to take advantage of those fluctuations. It is not only about diversifying, but where you are diversifying into, how you are going about the decision making process when it comes to buying into a market and so many other things, is what is necessary to always take note of.

Quote from: KingdomHearts on September 21, 2018, 02:03:29 AM

these is ups and downs in the market price of some crypto coins in which the first one is Bitcoin and then next are Ethereum Litecoin and few more but you will see more unstable prices of Bitcoin and Ethereum as these two are also favorable for long term so one can sell for profit whenever he feels that he is in profit.

Market fluctuations are a normal part of a market and it is these fluctuations that traders take advantage of every day. Now I would not say this should be a difficulty as no one wants to trade a stable market anyway and it is the volatility that makes the trade even more interesting, but as long as you have the knowledge to always make best market decisions, difficulties when it comes to trading should never be a thing at all for such a person. The reason a lot of people face difficulties is because they want to trade but refused to learn.

bohr

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

The most difficult thing for a trader to accept is that he is not perfect and that he is going to lose a lot of money and trades in his career, it seems that many people have the mistaken idea that in order to be a professional trader you are never going to lose a single trade but that is not true, you're going to lose many trades but as long as you win more trades and the profits of each trade are bigger than the losses then you will become successful.

rickadone

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Quote from: suzanne5223 on September 19, 2018, 03:33:14 AM

Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Trading profitably is hard this days if the crypto currency trader is yet to have the experience needed but the only way i knew that a new trader could avoid loosing in this current market is using trading bot, setting a market price alert app .

Trading profitably at any point is not hard as long as you know what you are doing. Normally, if the market is bearish and you are not out of it, it is always better not to expect so much profit from trading and stick with a very good principle based on percentage unless the market shows a possible uptrend.

Trading bot will not be the solution to your problem if you certainly do not have a very good strategy, but the good thing with bot is that, it certainly does not have any emotion, and can only do what you ask it to carry out without a thought.

wayancrypto

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If you to do day trading is will be get difficult in which price to buy and sell and also will consuming much times because you will do transaction by many times. But if you do swing trading , this is will be more easy, because we can see history the price in daily chart which price become support and resistance. Swing trading will be more easy and less consuming times and can be promising higher profit in bull market.

msmin

newbie

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Quote from: tulezua on September 17, 2018, 01:19:53 PM

The only thing that you need to do in a tough market is NOT to lose money, so if you do that you will not like it when everything goes back and you miss the shot. Break up to get to the moon.

In order to avoind losing money one needs to calculate proper risks and set trading targets, I think

KingdomHearts

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Quote from: Herostorm on September 17, 2018, 08:10:56 AM

The current difficult ups and downs that I face dealing with is choosing the wrong coin of poor quality, coin of poor quality will be the coin that causes us to decline can only in the short term the price of copper coins will recover.

Yes, these is ups and downs in the market price of some crypto coins in which the first one is Bitcoin and then next are Ethereum Litecoin and few more but you will see more unstable prices of Bitcoin and Ethereum as these two are also favorable for long term so one can sell for profit whenever he feels that he is in profit. In low market you can handle it by buying more and in high market is the market of those who want to sell for profit.

Knabu

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Getting rid of the emotions that can ruin your trades and learning atleast the very basics of technical analysis. First one being the hardest one to get rid off, and therefore also the most important. Just like in sports, you shouldn't jump straight into the big leagues before you're confident you can play the game, same thing with trading. You need to develop yourself as a trader before you start throwing money into exchanges, learn to trust your own analysis.

Start with paper trading.

Analyze coins & tokens of your choosing and when you're confident it'll go up/down, make a note for yourself saying that "Went long/short at xxxx-price" and see how the trade goes. If trade goes south, analyze what went wrong and reassess your strategy and try again. If you exited at profit, congratulations and keep up the good work.

Practice before you try anything, no need to lose money while starting your journey.

Mr.Blue[NMC]

newbie

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Well, the first and most important advice would be portfolio diversification, don`t put your eggs in one basket, split your portfolio in 3 so you have 1/3 for long term investing, 1/3 for medium term or swing trading and the last 1/3 for short term investment or margin scalping, And another one would be STUDY, never stop, look for knowledge. Oh, and be cool with losing money, it is an intrinsic part of trading.

aencarnaci

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

It is always hard to cash out to fiat currency when it is too much.
When you need to send money somewhere no one asks you why you sent money however when you get more money back or even similar money than banks or government start to ask where you found the money, which makes it really hard to explain if they do not know what bitcoin is.

Trading to fiat is the hardest thing but if you mean daily trading than finding a place that offers too many coins so you can diversify is hard, it is easier these days but I still fail to find coins that are smaller in many exchanges. I tend to invest into smaller newer coins and they are not listed in some exchanges.

posi

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Things a new cryptocurrency trader ought to focus on are many but a gradual process. First are planning the technical and fundamebtal analysis while he invest long existing and the most profitable coins for the 7months cause things have change after the market correction.

suzanne5223

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Trading profitably is hard this days if the crypto currency trader is yet to have the experience needed but the only way i knew that a new trader could avoid loosing in this current market is using trading bot, setting a market price alert app .

tulezua

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The only thing that you need to do in a tough market is NOT to lose money, so if you do that you will not like it when everything goes back and you miss the shot. Break up to get to the moon.

Iykecollins

copper member

Activity: 376

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It is very important to plan for a good exit and entry, lne of the mistakes I made trading is never taking profits and no stopping loss, have always believed it will always end going up. Patience is also a virtue in this game. That profit may come if you wait a little while.

ss890

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Actually if you want to start with the basic tricks then know that ups and downs are the most basic things that you will have to look for. These are the only features of any coin or asset here which will help you gain huge profits over the time. For example, whenever you see a coin dumping itself in the value, then it will be like getting you chance to buy more and then after that whenever it comes up again then you will have chance to make profits by selling at the higher prices. There you go, this is not facing of something bad in crypto but something that can really help you achieve big things within the crypto trading sphere.

leonix007

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Quote from: richcorner100 on September 16, 2018, 08:46:29 PM

Yes seem technical analysis is not work in crypto trading, we can see the price of altcoin was going down lower than price in 2017, even the price back to the bottom like in 2016. In this situation is more difficult to make profit so is better we just use small amount to trade and use others balance to trade in others asset except crypto. When bull market is back we use more money to trade crypto because in this up trend is more easy to earn profit.

Not really true

TA's do work, this is the reference and guide of a true traders

Don't trade blindly by guessing bud, it will eat up your capital

If you seem or likely that your TA reading is not what it meant to be, there's something wrong on how you read it

Learn and practice different indicators and trends, until you seek what really tells you the exact expectations

Herostorm

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The current difficult ups and downs that I face dealing with is choosing the wrong coin of poor quality, coin of poor quality will be the coin that causes us to decline can only in the short term the price of copper coins will recover.

DarkBullet

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I am only a swing trader during my work days and a day trader when I'm on a day off. My best advise for a newbie traders to focus on is to practice controlling their emotions while trading like don't be greedy, don't put all your funds to one altcoin but instead, divide it up to 5 altcoins or divide your funds to 5, what I mean is only trade 20% of your funds and the remaining 80% will be for buy back. Trust your instinct and focus on the price movement.

liuqi

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

The basic advice is buy low and sell high. But before to start trading all the new traders are must plan to choose our crypto then they will pick the best exchanges then only we can maintain the trading fees and our profit. The current situation all the peoples are expecting quick profit so big fails also possible in some investment. We should participate in promising platform it will never fails in future do concentrate in long term investment. If beginners are looking to day trading it is too risky investment.

passeroutpass

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I always advise to be constantly trained in order to understand how the market works. And also learn how to control your emotions.

imsotiredofmoviereboots

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For me, trading cryptocurrency is only profitable when everything is healthy. Even if you don't know a lot in trading, you can make a lot in here because money is still pouring like back in 2017 . So for those starters, it's really a bad time to decide for yourself to trade right now.

richcorner100

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Yes seem technical analysis is not work in crypto trading, we can see the price of altcoin was going down lower than price in 2017, even the price back to the bottom like in 2016. In this situation is more difficult to make profit so is better we just use small amount to trade and use others balance to trade in others asset except crypto. When bull market is back we use more money to trade crypto because in this up trend is more easy to earn profit.

kwarto

newbie

Activity: 168

Merit: 0

It's really difficult to ride this. Have many friends that quits because they loss with their investment because they can't have a god choice on the market volatility. I think practice will make you more knowledgable and reading some messages.

onaiwusun

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Trading is a game of wits, only the smartest are able to make money at the expense of those who are less smart as they are, particularly in a bear market

rodskee

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In thses recent situation difficult to work in trading because hard ti choose and predict which coins goes up
Yes that's the reality trading job are so difficult as of now hiw ear profits but in the right will gonna be ok again

worldofcoins

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In my opinion, trading is a stressful job. There are so many changes and so many things happening that its hard to keep track and most importantly to decipher what piece of news cause a don or up trend. For now, I think we're in up.

Jahmal32

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Well, to begin to study the functionality of the exchange, the simplest slang trader formation, what are the currencies, strategies, at least to hear it.
Make a note on the sheet with the rules of money management!!!
Always use stop orders, so as not to lose everything at once.
A lot of very nuances, everything will come with experience!

tosmartak

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Beginning a trade requires great deal of trading knowledge as there is absolutely no way you .can do well without it. Understand the nature of the market you are trading, The fundamentals, and all the basic things necessary and over time, you will get your own strategy and how to always play around it.

Ararbermas

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

First of course focus on your strategy and target and don't rely on others predictions and news about the circumstances of the market. which is make you own research as well to avoid failures/mistakes decisions. Especially newbies 'cause most is greedy even had no idea how it really works, so i suggest gain some knowledge first, then go for it when you ready but bear in mind as well to always control the emotions when there's a serious situation because that's the common reason why some traders nowadays always end up regretting.

SpringfieldM1A

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Quote from: mk4 on September 10, 2018, 11:09:13 PM

Aside from actually trying to learn and study first before going in, I always suggest that new traders should always use only a very small percentage of their total trading stack(probably 5%, depending on how much the total stack is) to start their trading. As beginners, it's highly likely for them to lose money first as they learn. They should just increase the percentage as they get confident as time goes.

I do not even advise any new trader to use a little bit of their money or a certain percentage, which most of the time, they usually do not tend to learn much that way based on practicing what they are learning. They could still blow it all away and then eventually get to add more to their position to trade. The best is just to, at least use some of the sites that offer demo trading with free money to practice, get good at your strategy, utilize it for a very long period of time and gain enough confidence before even entering the real trading world.

otundebis

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For a beginner going to trade cryptocurrency, you must learn what cryptocurrency is all about. The depth of your knowledge will create clear understanding of how cryptocurrency works. In addition to cryptocurrency knowledge, you should learn how to identify fundenmental and technical factors that will have a bearing on short to long of your holding!

justspare

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Yeah, there is no single lie in all the things you have said, the only issue is that it sounds so simple when saying it, but when the reality kicks in, it becomes a totally different thing. Trading is not just about technical analysis; it is all about understanding some certain things, getting to have some attributes from experience before deciding to go fully into trading.

Trading is a profession, but some people tend not to see it that way. It requires learning, practicing as much as you can and gaining confident over time.

My advice usually for new traders is never to rush into it and they should simply take their time and do it right. Paper trading and demo trading is something achievable in which you won't have to trade with real money, but you can practice with these methods, and see how far you get to go.

jvdp

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As I know traders mostly looking to find the short term profits only. If the coin xyz seems growing phase then they choose this coin as today's investment and end of the day they will gain the profit accordingly.
Apart from the people who is involved in day trading they have their investment into two halves one is good altcoins which tends all holding and growth asset. Next one is short term profitable investment to make money.

oanhphong

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Although Bitcoin may be considered as a commodity at the present time, it is only for those who are willing to pay for it, so Bitcoin prices tend to change constantly.

manggis97

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History price of the crypto can help to determine support and resistance area, although this way not fully accurate but will help to decide which price to buy and sell. And to minimize the risk from wrong prediction do not forget to use stop loss, because no one trader can make analysis always in accurate.

reda

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Trading is not easy to use. Before star the trading. You knoe how to use it. So learn the trading information and process. Time is important of this process. So follow the market place price. Market price is every time up and down. If price down. People buy and hold it. Time to sell and time to buy. Market place is give more information of the price list. Then plan to work. Trading is good investment. But time to acctive. Trading is connects the all country people. So choose your best coin then invest and start the trading.

Kira_lapa

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I always advise you to start trading small amounts that you do not mind losing. So it will be easier for you to learn how to control your emotions. Technical aspects of the trading strategy are extremely important, but the factor that determines long-term success is the person's ability to control his emotions.

Ranly123

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

It's only natural for new traders to study and do some research on the market. Don't get too hasty on doing trades, instead analyze the chart whether is good to buy or to sell depending on the prices and volume of the coins you are interested in.

hase0278

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Quote from: chocolah29 on September 11, 2018, 01:31:43 AM

If you're a beginner, it's better to focus in buying more bitcoin and less than altcoins

Beginners can focus on buying altcoins as well so long as the altcoin they choose to invest into have long history and did not experience a pump recently. Focusing only on trading bitcoin would not help them gain more knowledge on trading cryptos.

Quote from: mk4 on September 10, 2018, 11:09:13 PM

Aside from actually trying to learn and study first before going in, I always suggest that new traders should always use only a very small percentage of their total trading stack(probably 5%, depending on how much the total stack is) to start their trading.

That would depend on how much money they got on their portfolio IMO. If a beginner's portfolio is less than 100$, it is better to start with 15% of their money in crypto rather than 5%.

yanto@1977

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Learn about basic knowledge and money management, disciplines and focus to fix your strategy. Up and down is reality and from there we can find opportunity create income with realistic target. Most people only focus with their profit but never from their mistakes, don't do that.

chocolah29

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Before you start trading, better to know what do you prefer, short, mid or long term trading so you'll know what coin to buy. Hence, don't expect that return will be quick and anticipate rough roads along the way.

Quote from: katri on September 10, 2018, 06:01:30 PM

I would rather advice to invest altcoin and hold it for a couple of months. The cryptocurrency price for this year is not good to perform a day or short trading. Most of the time price move down and it takes several weeks to pump up with just a little amount of increase.

If you're a beginner, it's better to focus in buying more bitcoin and less than altcoins as the movement of altcoins are inconsistent and just living in hype nevertheless don't trust those hype.

mk4

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Aside from actually trying to learn and study first before going in, I always suggest that new traders should always use only a very small percentage of their total trading stack(probably 5%, depending on how much the total stack is) to start their trading. As beginners, it's highly likely for them to lose money first as they learn. They should just increase the percentage as they get confident as time goes.

pooya87

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over.

the platforms (in this case exchanges) are built to give profit to the owner of the platform which is in this case the exchange owner. and YOU don't invest in the platform, you invest in assets that are listed on that platform and the profit purely depends on your skills as a trader not just because you invested in them!

Quote

What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

i believe that trading is one of those things that you have to actually start doing to learn it. otherwise theory-crafting about it has no end or yield. and the good news is that when trading cryptocurrencies you can actually begin with a small amount so you would be taking a small risk.

leowonderful

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Bitcoin FTW!

I would suggest that after you have done enough research on trading that you either invest a small sum of money into trading or try trading on a simulated trading platform while still imitating that you're trading with real money. It's especially important that you remove any thoughts of "It's only a small amount to lose" in your mind while doing either of these activities, as this helps prepare you for real trading with a larger sum of money.

I also often see people putting huge amounts of money into trading initially, and I try to tell those people to stop whenever I can- most inexperienced traders don't manage their funds correctly and come out with a net loss, or blow a lot of money in one trade with incorrect risk management. I feel it's better to do small-to-medium trades often over larger trades less often if you have the time.

Indrawan77

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It really takes a lot of dedication to learn trading, it takes time, courage and mental to become a successful traders, there are no shortcut in learning trade, one of the most frustrating is the unpredictable market movement, even if we are using hundred of indicators and tons of experience, we still can predict the wrong movement, so trader need to be prepare to lose money

SUDARMONO

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preferably before we go to trade we have to understand the movement of the graph and we also have to keep abreast of news developments about the crypto world.

asyakashi

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maybe it's time to buy ETH because the price is cheaper than the previous year. do not trade daily, better long-term trading. Trade risks are smaller and markets are very difficult to predict.

exstasie

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Quote from: DeadCoin on September 10, 2018, 02:11:06 PM

What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

It's very important as a trader to remove emotions from your trades. You need to have a profitable system that you employ according to rules. If you can't follow your own rules (e.g. always using stop losses), emotion is taking over, and you will experience losses because of it.

Successful traders see three types of outcomes: big wins, small wins, and small losses. Successful traders never have big losses, because they learned to cut losses before they grow. Losing traders let their losses run out of hope, because they are ruled by emotions.

I would also say that risk management is extremely important. Don't risk 100% or even 5% on any one trade. Going all in (especially with leverage) is the sure way to blow up your account. Trading is a grind. It's hard work. It's not for getting rich quick.

Also, you will never be right 100% of the time. If you're lucky, you might be right 65% of the time. So you need to take trade setups with risk vs. reward in mind. If you're risking $100 to make $100, you're losing money (because of commissions) at a 50% win rate. You need to take more profitable trades. Risking $100 to make $300 is much more appropriate.

katri

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I would rather advice to invest altcoin and hold it for a couple of months. The cryptocurrency price for this year is not good to perform a day or short trading. Most of the time price move down and it takes several weeks to pump up with just a little amount of increase.

Aleh777

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Quote from: TravelMug on September 10, 2018, 03:05:02 PM

As the bears took over the market this year, its really difficult to make trades unless you are a veteran and knows day trading. Those who fell in love with trading knows a thing or two to make quick profit. However, there are also noobs traders which are greatly affect and suffered the most out this this bearish trend.

I guess the best options is not to trade but just buy in dip and accumulate more bitcoin overtime. I don't like altcoins right now, everyone is concentrating on bitcoin as evident of bitcoin dominance going strong while altcoins is bleeding and pump-and-dump groups doing what's best for them. So my friendly advise is to stick on bitcoin and be a long term investor.

If i am new to trading, i would not pitch in now at this red market. Yes what you said above would be right for the new ones. When your capital is big and you are ready to wait then yes, its good to just keep buying as many coins as you can now and hold until the price spikes up. I have traded and bought coins and tokens. As i am holding all the coins and tokens, i did not see any loss.

TravelMug

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Merit: 833

As the bears took over the market this year, its really difficult to make trades unless you are a veteran and knows day trading. Those who fell in love with trading knows a thing or two to make quick profit. However, there are also noobs traders which are greatly affect and suffered the most out this this bearish trend.

I guess the best options is not to trade but just buy in dip and accumulate more bitcoin overtime. I don't like altcoins right now, everyone is concentrating on bitcoin as evident of bitcoin dominance going strong while altcoins is bleeding and pump-and-dump groups doing what's best for them. So my friendly advise is to stick on bitcoin and be a long term investor.

DeadCoin

sr. member

Activity: 1246

Merit: 261

★ Investor | Trader | Promoter

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Topic: Difficulties (ups and downs) faced in trading? (Read 575 times)