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Topic: Do you think to succeed in the bull market you need to acquire more strategy? - page 5. (Read 929 times)

copper member
Activity: 56
Merit: 1
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

It's a great start, and you can trade and hold at the same time nobody would stop you from doing so.
Though, I agree on the part that trading is much riskier in the perspective, especially on the start of one's journey.
hero member
Activity: 2604
Merit: 816
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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.
hero member
Activity: 1722
Merit: 801
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
jr. member
Activity: 70
Merit: 1
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No. Even if he was given a few strategies to choose from he probably wouldn't even know jack about it, so might as well just learn 1 and stick to it. Honestly as a beginner I'd just slam them with DCA especially if it was Bitcoin since it's generally good and less of a hassle to learn and understand. While it may be okay for them to learn by trying everything that they can (or want) out, trading involves money so it generally isn't recommended. If this neighbor of yours is filthy rich then I reckon why not let him do what he wants? He can handle it if in that case anyway.

It is either DCA or buy BTC in a lump if it's affordable and forget about the rest.
Time will do it's magic in no time  Grin
sr. member
Activity: 616
Merit: 271
Acquiring different strategies is not a bad idea because these strategies will still be useful to him in the long run when a different market condition will warrant him to use a different strategy that suits the market condition. But where the problem lies is how he goes about acquiring those strategies. For a newbie, I  will advice that he starts with something simple like even a DCA method just like  @Wexnident has said, inorder to minimise his losses, while learning additional trading skills. Combining everything at once might be confusing and risky. Learning never ends.

With patience and practice, he will gain more experience and know when and how to effectively apply those strategies he has learnt because he will definitely need some of those strategies in the future.
hero member
Activity: 2702
Merit: 672
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No. Even if he was given a few strategies to choose from he probably wouldn't even know jack about it, so might as well just learn 1 and stick to it. Honestly as a beginner I'd just slam them with DCA especially if it was Bitcoin since it's generally good and less of a hassle to learn and understand. While it may be okay for them to learn by trying everything that they can (or want) out, trading involves money so it generally isn't recommended. If this neighbor of yours is filthy rich then I reckon why not let him do what he wants? He can handle it if in that case anyway.
hero member
Activity: 3024
Merit: 745
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That question is okay and there's nothing wrong with that. I always encounter friends asking me about the same thing. If there are strategies that they need to learn for them to be a good trader. I'm telling them straightly that it takes time and they'll have to experience losses for sure so that they will learn how to make up their own strategies or how they are going to approach trading. But, I am also telling them that there's no need for them to copy what traders do, they can be a simple holder and investor that just keeps on accumulating until they're ready to sell what they have accumulated.
There are people who seems to have no patient when it comes to Bitcoin because they have that feeling mindset that immediately they join trading the next thing is boom they start receiving money from their trade without knowing that trading is a very long journey to start with and, as a trader they must have patient as a basic key to start trading without patient it would be hard to trade and even as that I don't think that there is any other shortcut or strategy that could make them win so easily in trading without them passing all the requirements that is needed to trade.
I understand if they are impatient because they're all hype with the stories that they have read about those people that have invested in the crypto market, held Bitcoin, or shown the trades that they have won. That's how they're being built up because the idea is there and as long as no one spits them fact about how hard trading is, they'll believe that it's an easy way to win in the market.

Trading is not just reading and comprehending on what you’ve read, but it’s more on gaining experience despite of some inevitable losses that will make you more confident to trade. So I certainly agree that in order to trade more successfully and profitably, it will really take a lot of time.

And while you’re still in the process of learning to trade, keep buying and hodling so you won’t miss the chances to gain future profits. After all, trading takes a long term learning process, you need to master how to trade in the market first before you decide to trade your hard-earned money.
Yes, that's how it really goes. There's no shortcut way in it for which many thought that there is and so, they're all misled by their thoughts and beliefs based on their observation. It's a long way until someone becomes a profitable trader but then, holding won't hurt them much while learning it if ever they want to pursue it.
hero member
Activity: 2954
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just follow the strategy that most of people has been doing, buy some book, read it, and find out which existing strategy works for ourselves.

understanding the market can follow but if you know the basic, you can start understanding the market faster, there's no point trying to gain insight by losing money when people already shared their experiences for free.
even youtube are full of trading strategy courses for free (be careful of fake gurus with fake trading strategy), truth is, the market is just following pattern rinse and repeat, there's occasional anomaly but it doesn't happen too often for it to make trading strategy irrelevant.
legendary
Activity: 3108
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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?

Straight up answer:
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.

What do you think, is that question okay as you know and have your knowledge towards trading?
That question is okay and there's nothing wrong with that. I always encounter friends asking me about the same thing. If there are strategies that they need to learn for them to be a good trader. I'm telling them straightly that it takes time and they'll have to experience losses for sure so that they will learn how to make up their own strategies or how they are going to approach trading. But, I am also telling them that there's no need for them to copy what traders do, they can be a simple holder and investor that just keeps on accumulating until they're ready to sell what they have accumulated.
Trading is not just reading and comprehending on what you’ve read, but it’s more on gaining experience despite of some inevitable losses that will make you more confident to trade. So I certainly agree that in order to trade more successfully and profitably, it will really take a lot of time.

And while you’re still in the process of learning to trade, keep buying and hodling so you won’t miss the chances to gain future profits. After all, trading takes a long term learning process, you need to master how to trade in the market first before you decide to trade your hard-earned money.
hero member
Activity: 1428
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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.
Well as I know we are sharing ideas and I can't entirely disagree with you knowing that trading needs more knowledge and if you don't have the right know to invest or trade you entirely ending up losing big time, and of course trying out different strategies there is no harm to it by implement different strategies but to me it is another easier way to always end up losing big time or wasting ones account.
sr. member
Activity: 574
Merit: 310
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.

Mastering one strategy should only become a priority when you have made sure that the strategic is giving you profits. I still have backup strategy that I have for time when the market doesn't give me my targets while making use of my main strategy. Bull market needs one strategy which is hodling for investors but as traders you can have different strategies.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
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?

Straight up answer:
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.

What do you think, is that question okay as you know and have your knowledge towards trading?
That question is okay and there's nothing wrong with that. I always encounter friends asking me about the same thing. If there are strategies that they need to learn for them to be a good trader. I'm telling them straightly that it takes time and they'll have to experience losses for sure so that they will learn how to make up their own strategies or how they are going to approach trading. But, I am also telling them that there's no need for them to copy what traders do, they can be a simple holder and investor that just keeps on accumulating until they're ready to sell what they have accumulated.
There are people who seems to have no patient when it comes to Bitcoin because they have that feeling mindset that immediately they join trading the next thing is boom they start receiving money from their trade without knowing that trading is a very long journey to start with and, as a trader they must have patient as a basic key to start trading without patient it would be hard to trade and even as that I don't think that there is any other shortcut or strategy that could make them win so easily in trading without them passing all the requirements that is needed to trade.
hero member
Activity: 3024
Merit: 745
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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?

Straight up answer:
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.

What do you think, is that question okay as you know and have your knowledge towards trading?
That question is okay and there's nothing wrong with that. I always encounter friends asking me about the same thing. If there are strategies that they need to learn for them to be a good trader. I'm telling them straightly that it takes time and they'll have to experience losses for sure so that they will learn how to make up their own strategies or how they are going to approach trading. But, I am also telling them that there's no need for them to copy what traders do, they can be a simple holder and investor that just keeps on accumulating until they're ready to sell what they have accumulated.
member
Activity: 42
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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?

Straight up answer:
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.

What do you think, is that question okay as you know and have your knowledge towards trading?
i think you did well in telling the person NO. just as you said for a newbie it will be best if he or she stick to one strategy and master it if the person tries combining different strategies all at once it may prove difficult to him or her especially considering the fact the they are new to the game, even as a professional this may be difficult to handle all at once. there are cases where these strategies may even go against each other


so in my honest opinion he should find a strategy that works best for him and stick to it. just like the saying goes a jack of all trade is a master of none  
hero member
Activity: 3052
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It’s good if you’ve known several strategies in trading as you can compare which works the most for you, but using  one or two could be good enough for a smart trader. The only way to be successful in the bull run is knowing how to play the game well, make sure that you enter trading with a good understanding and you know the rules when trading. Otherwise, if you rush into trading without proper knowledge and understanding, you will not only waste your time and effort, but you will also put your money into waste just because you trade without good preparation.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
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?

Straight up answer:
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.

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