Do you think to succeed in the bull market you need to acquire more strategy? - page 4.

FortuneFollower

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Quote from: michellee on November 04, 2024, 10:43:25 PM

Quote from: fikrett on November 04, 2024, 02:47:26 AM

Usually, it still goes to "buy low sell high", however, you just have many more indicators for a chart to go that way, rather than just looking at it and saying - "well, another great day to buy X-coin" (mostly - BTC) Grin

Yes, it is. But to use many more indicators, a new trader needs to learn more details. That will needs time before they can analyze deeper. But if they buy Bitcoin, they just look at the price position and if Bitcoin price is at a low price than few days ago, that will be a good time to buy. But if the price still go down after he buy, he doesn't have to panic but be patient for a while or he can buy more amount of satoshi. That is what I did when trade when I was beginner and don't know much about the strategies or how to use indicators and else.

With BTC - it's never a bad time to get more.
Because in the end, BTC will still get up in value due to what it stands for.
Roll Eyes

michellee

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Quote from: fikrett on November 04, 2024, 02:47:26 AM

Usually, it still goes to "buy low sell high", however, you just have many more indicators for a chart to go that way, rather than just looking at it and saying - "well, another great day to buy X-coin" (mostly - BTC) Grin

Yes, it is. But to use many more indicators, a new trader needs to learn more details. That will needs time before they can analyze deeper. But if they buy Bitcoin, they just look at the price position and if Bitcoin price is at a low price than few days ago, that will be a good time to buy. But if the price still go down after he buy, he doesn't have to panic but be patient for a while or he can buy more amount of satoshi. That is what I did when trade when I was beginner and don't know much about the strategies or how to use indicators and else.

GreatArkansas

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Quote from: Adbitco on November 03, 2024, 04:50:12 PM

(...)

What do you think, is that question okay as you know and have your knowledge towards trading?

Just think of you are going to war and you are a soldier, how to be a good soldier? Proper training, good weapons, and plans.

So in trading, having more strategy is an advantage because trading is like a war, if you are unprepared you will just lose your money. Having proper plans, and strategy is really indeed an advantage and will make you succeed.

OcTradism

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Quote from: Rruchi man on November 04, 2024, 06:49:39 PM

The answer is indeed "no," because a trader does not need to be conversant with many strategies or learn a new strategy to benefit from a bullish market.

In a bull market, if you can hold for a while, you will get profit with a condition that you don't choose newborn altcoins which potentially can be scam. Another condition is buy and hold your position in spot, not in margin or futures because with spot, market corrections won't get any money from you, won't liquidate your position.

Quote

If you want to benefit from a bull market and you already do not know how to trade the market at this time, your best bet is to try to improve your knowledge and understanding of the existing strategy you have, not learn new strategies that may take fresh time for you to gain understanding on.

Knowledge of many strategies will not make you a better trader, a good trader masters the few strategies that they have.

One of most important things for traders is risk of storing their fund on centralized exchanges. One of best tools or weapons for traders is Stop loss order, or Stop limit order.

Awesome cryptocurrency trading.
Learn cryptocurrency trading.
One of best weapons in trading. Traders need to understand and manage to use Stop limit order too.

Rruchi man

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Use chips.gg

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Straight up answer:
I said no

The answer is indeed "no," because a trader does not need to be conversant with many strategies or learn a new strategy to benefit from a bullish market.

If you want to benefit from a bull market and you already do not know how to trade the market at this time, your best bet is to try to improve your knowledge and understanding of the existing strategy you have, not learn new strategies that may take fresh time for you to gain understanding on.

Knowledge of many strategies will not make you a better trader, a good trader masters the few strategies that they have.

EL MOHA

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Quote from: Dr.Bitcoin_Strange on November 04, 2024, 05:28:04 AM

Emotion might not necessarily be a strategy in trading but when as a trader you don't know how to manage and handle your emotions while trading, you might not become a successful trader. It's possible that you could have all the good strategies of sporting a good entry and extit point but if other traders knows how to handle their emotions more than you and also have good strategies as you, they are going to be more successful traders than you. What I just want you to understand and also explain to your friend is that, emotions plays a very vital role in trading. I didn't see you mention it to your friend in the answer you gave to him.

This is personally what i describe as psychology strategy, it is something that actually helps to make a trader a profitable trader or a loser aside using strategy. There are many strategies use when trading and each every one of this strategy certainly works the only thing that makes it better is how you stick to that strategy. Situations like having trade when it is against your trading strategy even if the trade seems like to work out, using a good reward to ratio and sticking to it not allowing the trade greed to creep in. Not over trading, or stuffs like that. Many people relate this as part of risk management but it’s a whole chunk of your psychology which you emotions, once you get control over this the strategy becomes more effective to the trader

BABY SHOES

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Quote from: Josefjix on November 04, 2024, 04:25:18 PM

What we needs to let a newbee know about trading is that trading is highly risky and most people lose their capital through trading and by enlightened them how risk trading is we have help prepared the mind. Bullish or bull run may not rewards you except you buy during the deep! For you to make money in trading during bull run you must buy bitcoin at a good lower price and sell at the higher prices. However, please have risk in mind so you trade with money you can lose.

It is true that trading is full of risks... However, if one wants to become a trader then one must have experience then trading no matter the initial loss due to loss is part of the process... the real thing is that we first make mistakes first then improve and do the strategy that has been understood.

Buy low... Selling high is like easy to say but difficult to do for beginners ... why so there will be many consequences where beginners think bitcoin will not go up again.

And now it's hard to buy bitcoin at the lowest price, this is more fitting when someone is making a long-term investment.

Josefjix

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yes

What we needs to let a newbee know about trading is that trading is highly risky and most people lose their capital through trading and by enlightened them how risk trading is we have help prepared the mind. Bullish or bull run may not rewards you except you buy during the deep! For you to make money in trading during bull run you must buy bitcoin at a good lower price and sell at the higher prices. However, please have risk in mind so you trade with money you can lose.

Perfectbaby

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Quote from: fikrett on November 04, 2024, 06:21:25 AM

Quote from: Perfectbaby on November 04, 2024, 06:18:14 AM

Hey Dr. Strange, emotion is a barrier to trading and it's a thing to fight against if someone must be successful in trading. I think it's also quite important to list it to people while trading because there are people who can't work on their feelings and of course whatever that involves money are very difficult to fight on because they would think their money can easily be disappear so they must protect their funds with all means.

First, a person needs to be at peace with himself, and then to find harmony with the market.
Otherwise, the market would be the hunter, and the trader - the prey.

The market has always been the hunter for the traders while the traders always the prey because of lack of experience, poor financial Management and inadequate strategies to explore to become successful while trading.
There are lot of people who find their way into trading that are heavily losing their capital due to lack of trade.

Dr.Bitcoin_Strange

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Quote from: betswift on November 04, 2024, 05:34:45 AM

Keeping emotions at bay helps to utilize the strats and decisions better.
Not only in trading but in many other spheres too.
Only by keeping a grasp of himself a person can successfully open and close positions, even though they would have all the markers to do so or otherwise.

Yea, I know that emotions concerns other aspect too but if we are specific about it in trading, it is very very paramount for trading success. Sometimes, it's not a bad strategy that caused someone to experience lose in their trade but what caused it was because they couldn't control their emotions. Take me for example, in the past, I usually set a stop lose on my trade or I do it manually when the market is going against my prediction and when I stop lose, I must have lose some couple of dollars but now, I don't do that again. Before I stop lose on my trade, I make sure to re-analize the market again to see if it will go below my liquidation price, if it will not, I will hold the position till my profit range is met.

fikrett

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Quote from: Perfectbaby on November 04, 2024, 06:18:14 AM

Quote from: Dr.Bitcoin_Strange on November 04, 2024, 05:28:04 AM

Emotion might not necessarily be a strategy in trading but when as a trader you don't know how to manage and handle your emotions while trading, you might not become a successful trader. It's possible that you could have all the good strategies of sporting a good entry and extit point but if other traders knows how to handle their emotions more than you and also have good strategies as you, they are going to be more successful traders than you. What I just want you to understand and also explain to your friend is that, emotions plays a very vital role in trading. I didn't see you mention it to your friend in the answer you gave to him.

Hey Dr. Strange, emotion is a barrier to trading and it's a thing to fight against if someone must be successful in trading. I think it's also quite important to list it to people while trading because there are people who can't work on their feelings and of course whatever that involves money are very difficult to fight on because they would think their money can easily be disappear so they must protect their funds with all means.

First, a person needs to be at peace with himself, and then to find harmony with the market.
Otherwise, the market would be the hunter, and the trader - the prey.

Perfectbaby

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Activity: 162

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Quote from: Dr.Bitcoin_Strange on November 04, 2024, 05:28:04 AM

Emotion might not necessarily be a strategy in trading but when as a trader you don't know how to manage and handle your emotions while trading, you might not become a successful trader. It's possible that you could have all the good strategies of sporting a good entry and extit point but if other traders knows how to handle their emotions more than you and also have good strategies as you, they are going to be more successful traders than you. What I just want you to understand and also explain to your friend is that, emotions plays a very vital role in trading. I didn't see you mention it to your friend in the answer you gave to him.

Hey Dr. Strange, emotion is a barrier to trading and it's a thing to fight against if someone must be successful in trading. I think it's also quite important to list it to people while trading because there are people who can't work on their feelings and of course whatever that involves money are very difficult to fight on because they would think their money can easily be disappear so they must protect their funds with all means.

betswift

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Quote from: Dr.Bitcoin_Strange on November 04, 2024, 05:28:04 AM

Quote from: Adbitco on November 04, 2024, 05:17:05 AM

Quote from: Dr.Bitcoin_Strange on November 04, 2024, 04:54:30 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Well, in trading, I have come to understand that one or two strategies doesn't work all the time, so you need to learn what so ever strategy that can make you win the trade so that on the stage of your trading, you might have to combine all the strategies you know in order for you to determine accurately when to enter and exit your trade.

As I am, I have more than 10 strategies to sport a good position to either go long or short but believe me, despite all of it, I don't still get it right all the time. Since last week, I have been on a short position with BTC/USDT and I took the position at $68, 800 when it broke a support level of $69k, I was in that position when price began to spike up till $73k which game me a huge lose but I didn't panic and yesterday I made about $100+ when price dropped to $67, 800.

So what am saying in essence is that, every strategy is important in trading, especially dealing with your emotions.

Emotion is never a strategy but a thing that makes us fear and limits us from achieving what we want to, but when someone do away emotions and focused on trade it will be that easy for that person to succeed. And of a true it's important to also develop yourself to some special strategy out of your 10 strategies but then if you don't trade smart then there is every possibility that you would keep losing while you keep changing your strategies without having to understand a particular one correctly.

Emotion might not necessarily be a strategy in trading but when as a trader you don't know how to manage and handle your emotions while trading, you might not become a successful trader. It's possible that you could have all the good strategies of sporting a good entry and extit point but if other traders knows how to handle their emotions more than you and also have good strategies as you, they are going to be more successful traders than you. What I just want you to understand and also explain to your friend is that, emotions plays a very vital role in trading. I didn't see you mention it to your friend in the answer you gave to him.

Keeping emotions at bay helps to utilize the strats and decisions better.
Not only in trading but in many other spheres too.
Only by keeping a grasp of himself a person can successfully open and close positions, even though they would have all the markers to do so or otherwise.

Dr.Bitcoin_Strange

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Activity: 770

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Quote from: Adbitco on November 04, 2024, 05:17:05 AM

Quote from: Dr.Bitcoin_Strange on November 04, 2024, 04:54:30 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Well, in trading, I have come to understand that one or two strategies doesn't work all the time, so you need to learn what so ever strategy that can make you win the trade so that on the stage of your trading, you might have to combine all the strategies you know in order for you to determine accurately when to enter and exit your trade.

As I am, I have more than 10 strategies to sport a good position to either go long or short but believe me, despite all of it, I don't still get it right all the time. Since last week, I have been on a short position with BTC/USDT and I took the position at $68, 800 when it broke a support level of $69k, I was in that position when price began to spike up till $73k which game me a huge lose but I didn't panic and yesterday I made about $100+ when price dropped to $67, 800.

So what am saying in essence is that, every strategy is important in trading, especially dealing with your emotions.

Emotion is never a strategy but a thing that makes us fear and limits us from achieving what we want to, but when someone do away emotions and focused on trade it will be that easy for that person to succeed. And of a true it's important to also develop yourself to some special strategy out of your 10 strategies but then if you don't trade smart then there is every possibility that you would keep losing while you keep changing your strategies without having to understand a particular one correctly.

Emotion might not necessarily be a strategy in trading but when as a trader you don't know how to manage and handle your emotions while trading, you might not become a successful trader. It's possible that you could have all the good strategies of sporting a good entry and extit point but if other traders knows how to handle their emotions more than you and also have good strategies as you, they are going to be more successful traders than you. What I just want you to understand and also explain to your friend is that, emotions plays a very vital role in trading. I didn't see you mention it to your friend in the answer you gave to him.

Adbitco

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Quote from: Dr.Bitcoin_Strange on November 04, 2024, 04:54:30 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Well, in trading, I have come to understand that one or two strategies doesn't work all the time, so you need to learn what so ever strategy that can make you win the trade so that on the stage of your trading, you might have to combine all the strategies you know in order for you to determine accurately when to enter and exit your trade.

As I am, I have more than 10 strategies to sport a good position to either go long or short but believe me, despite all of it, I don't still get it right all the time. Since last week, I have been on a short position with BTC/USDT and I took the position at $68, 800 when it broke a support level of $69k, I was in that position when price began to spike up till $73k which game me a huge lose but I didn't panic and yesterday I made about $100+ when price dropped to $67, 800.

So what am saying in essence is that, every strategy is important in trading, especially dealing with your emotions.

Emotion is never a strategy but a thing that makes us fear and limits us from achieving what we want to, but when someone do away emotions and focused on trade it will be that easy for that person to succeed. And of a true it's important to also develop yourself to some special strategy out of your 10 strategies but then if you don't trade smart then there is every possibility that you would keep losing while you keep changing your strategies without having to understand a particular one correctly.

betswift

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Quote from: Adbitco on November 04, 2024, 03:35:25 AM

Quote from: OcTradism on November 04, 2024, 02:18:52 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Because he is a beginner in this market, I would advise him against trading, stay away from trading as most as possible.

Rather than trying to join trading in this volatile market, in a bullish market it's safer for that beginner to hold bitcoin and wait for good price to take profit. Trading is always easy on paper, when we're talking about it but practically it's really hard.

Beginners are most vulnerable to market volatility, fuds, and they're are not experienced enough for trading. Holding is their better choice, safer, profitable and no stress.

Lastly but most important.
Reminder: do not keep your money in online accounts

You know when you give instructions to beginners they would feel like they are equals to the task but if they enters live trade they will began to experience lose by then they will come ask about what you have really said on the past, more important when they tried their best and results seems not to be coming. Of course trading need little practice but with just some few dollars as experiment to increased their knowledge but not an access that guaranteed them successful trading, so in totality holding is the best for beginners while they builds up themselves gradually.

..Or trade only what you are willing to spend.
That's a way out of it too, in my opinion. Risk-management.

Ruttoshi

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Quote from: alastantiger on November 03, 2024, 05:37:49 PM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

I said no because like most post I do read here I have to understand that one doesn't really needs to acquire several strategies as someone who is starting up instead needs to develop himself to understand more things about that trading before trying to explore different strategy to trade with. However, I don't think it's a solution to newbies rather a kind of distractions making them to lose more at the cause of trying to adopts more techniques to succeed.

I won't agree to this because it differs and we don't have to adopt a strategy that we haven't tried severally to identify that it'll work for us. Being a new trader, you have to try different strategies until you find that one that's working for you and give you victory when you use it. You would have tried several strategies before you got this one to keep using hence telling him that he just needs one strategy might make him to forget about the other strategies and focus on the wrong one.

You don't understand what he said above. A new person who wants to start trading doesn't need to learn any strategy first because he will not understand without learning the basics of trading and other aspect of trading that is needed to be successful. It is when you are practicing that you will be able to learn your own strategy that will work for you, because my trading strategy might not work for you.

Newbies needs a grounded knowledge on trading which needs patient and time before they can find a way to come up with their own strategy with the knowledge that they have acquired. Trading is not a get rich quick scheme and is entangled with losses.

Dr.Bitcoin_Strange

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Quote from: Adbitco on November 03, 2024, 04:50:12 PM

He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Well, in trading, I have come to understand that one or two strategies doesn't work all the time, so you need to learn what so ever strategy that can make you win the trade so that on the stage of your trading, you might have to combine all the strategies you know in order for you to determine accurately when to enter and exit your trade.

As I am, I have more than 10 strategies to sport a good position to either go long or short but believe me, despite all of it, I don't still get it right all the time. Since last week, I have been on a short position with BTC/USDT and I took the position at $68, 800 when it broke a support level of $69k, I was in that position when price began to spike up till $73k which game me a huge lose but I didn't panic and yesterday I made about $100+ when price dropped to $67, 800.

So what am saying in essence is that, every strategy is important in trading, especially dealing with your emotions.

Adbitco

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Quote from: OcTradism on November 04, 2024, 02:18:52 AM

Quote from: Adbitco on November 03, 2024, 04:50:12 PM

Well like a question a neighbor asked me today because he knows I deal with bitcoin trading and to what relates with bitcoin. He asked that if he wants to make money from trading does he need several strategy to start up as a beginner?

Because he is a beginner in this market, I would advise him against trading, stay away from trading as most as possible.

Rather than trying to join trading in this volatile market, in a bullish market it's safer for that beginner to hold bitcoin and wait for good price to take profit. Trading is always easy on paper, when we're talking about it but practically it's really hard.

Beginners are most vulnerable to market volatility, fuds, and they're are not experienced enough for trading. Holding is their better choice, safer, profitable and no stress.

Lastly but most important.
Reminder: do not keep your money in online accounts

You know when you give instructions to beginners they would feel like they are equals to the task but if they enters live trade they will began to experience lose by then they will come ask about what you have really said on the past, more important when they tried their best and results seems not to be coming. Of course trading need little practice but with just some few dollars as experiment to increased their knowledge but not an access that guaranteed them successful trading, so in totality holding is the best for beginners while they builds up themselves gradually.

fikrett

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Quote from: michellee on November 04, 2024, 02:19:56 AM

A new trader don't need to use many strategies to prevents from the lose. He only needs to know when to buy low and sell high, that's it. When he gets more experience, he can learn more about trading such as learning about analysis, how to use indicator, how to analyze the chart and else.

He can try more strategies when he have more experiences so his chance to get more profit will be bigger. He needs to learn more about trading so he can improves his skills and know when he can trade. But as a beginner in trading, he needs to have controls over himself because the market fluctuate and that can makes him panic.

Usually, it still goes to "buy low sell high", however, you just have many more indicators for a chart to go that way, rather than just looking at it and saying - "well, another great day to buy X-coin" (mostly - BTC) Grin

Topic: Do you think to succeed in the bull market you need to acquire more strategy? - page 4. (Read 929 times)