Don't trade using instinct - page 8.

Dewi Aries

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Quote from: RizqalArifa on August 15, 2021, 12:38:37 PM

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you.

I think if you already get profit from a coin, it is worth to keep looking of the coin first. Maybe it is better if focused on 1-2 coins but we see it's movement really carefully. If me being you, i will keep stay with BSC because it still have potential and avoid new coins because although it is promising, risk is bigger and sometimes it is hard to analyze it especially it usually only pump and dump coin.

matchi2011

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Quote from: Pejoh Asu on October 06, 2021, 06:54:12 AM

I think instinct will never be right, this is because instinct has no knowledge base, to become a reliable trader of course we have to learn various techniques, if we only rely on instinct then we are like gambling because without analysis and never listen to the latest news from the coins we buy or sell.

Most of the time, I don't want to generalize since there are instances that instinct also helps you to believe and hold,
but in most cases, instinct also leads you to wrong directions during your trades.
It needs to have deeper knowledge of any project that you are aiming to invest your money,
technical analysis and all those previous market movements are some of common basis to gather information,
it's better to learn from it than to follow your instinct.

0verseer

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Quote from: asus09 on October 06, 2021, 12:59:14 AM

I trade with using technical and waiting when bitcoin price dump, not brave for entry exactly when bitcoin still pump because very risk can make price suddenly dump. I am most patience waiting when good price for entry and not hurry to buy some coin without touch support or lower price, have many time when panic buying I should hold my coin until right now, better waiting when price dump than I have hold again my coin more than three months.

Same, I always wait for a price dump than follow the FOMO trend as it was such root on instinct. Even right now, BTC's price going very high atm but I can wait and advise people should do the same. If you're missed the train then doesn't mean much to hastily jump on it.

Pejoh Asu

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I think instinct will never be right, this is because instinct has no knowledge base, to become a reliable trader of course we have to learn various techniques, if we only rely on instinct then we are like gambling because without analysis and never listen to the latest news from the coins we buy or sell.

v3liana

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Sure, if we're using instinct instead of doing research and analyze about the project we want to invest in we can ended up broke and theres no diferrent between this field into gambling. Even tough we are broke because of we choose the wrong coins atleast we already give our effort to analyze, doing research and ETC.

asus09

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I trade with using technical and waiting when bitcoin price dump, not brave for entry exactly when bitcoin still pump because very risk can make price suddenly dump. I am most patience waiting when good price for entry and not hurry to buy some coin without touch support or lower price, have many time when panic buying I should hold my coin until right now, better waiting when price dump than I have hold again my coin more than three months.

Rengga Jati

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You have good title,

Quote

Don't trade using instinct

Because trading with only instict means gambling at all and you only rely on luck in the future.

But after reading your content of the thread, well, potential altcoins in the future?
If you have stated the title, I am sure that you must have also your own analysis on the coins that have strong and increasing fundamentals. Altcoins will be much better if they have real progress of the roadmap in the future, string fundamentals, and team, and also the market volume and market cap.
You may get various answers from all members here and you will be consumed again. And the last choice is by analyzing them again.
If you want the potential coins for future, top coins will be the safer enough than the new coins

jaberwock

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Quote from: AwoCorporation on October 05, 2021, 08:32:35 AM

Quote from: indo1 on October 04, 2021, 10:26:47 AM

It looks like gambling. Using instinct in trading without calculation in making decisions relying on an uncertain luck. We must learn to predict. Because this is not the same as gambling that relies on the luck factor.

Trading and gambling are something much different, gambling is purely risking the luck that we have, while trading has many methods of predicting the profits we get, a recklessness if we only rely on instinct, it will only exacerbate the existing risk of loss.

Trading and gambling is the same thing if you do not know how to do them both. There are many people who have no idea how trading works, never traded before, never made any profit, never studied trading and just goes into it like it is piece of cake and end up losing money. It is guaranteed to lose money in trading if you are a newbie and have no idea how to trade and do not study trading, same as how it is guaranteed to lose money in gambling.

However if you learn how to trade, learn charts, learn TA, and gain experience then trading becomes profitable, and there is no guarantee of losing money, sure you may end up losing some but it will not be same as gambling which has house edge so losing is guaranteed.

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Quote from: Iceblast on October 05, 2021, 02:57:36 AM

as a beginner it is better for you to choose a coin that has a minimal risk of loss. for example you can choose BNB, ETH or CARDANO for investment. because it is too risky if you put your assets into coins that have no potential

All of the choices you suggest are very good Altcoins, so it won't go wrong for those who are still newbies to choose, only if they also have more capital to invest, then adding them to Matic, Tron and AXS will also not be wrong I think.

lizarder

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Quote from: RizqalArifa on August 15, 2021, 12:38:37 PM

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you.

ADA, Metic and BNB coins, these three coins are worth buying, considering the potential in the future is quite promising, but if you don't want to lose assets, you need a good strategy to invest and create a scheme that is able to minimize the risks posed by these investments. investment has a high level of risk, if you can not prepare a good pattern, you can buy three coins at a time?

AwoCorporation

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Quote from: indo1 on October 04, 2021, 10:26:47 AM

It looks like gambling. Using instinct in trading without calculation in making decisions relying on an uncertain luck. We must learn to predict. Because this is not the same as gambling that relies on the luck factor.

Trading and gambling are something much different, gambling is purely risking the luck that we have, while trading has many methods of predicting the profits we get, a recklessness if we only rely on instinct, it will only exacerbate the existing risk of loss.

lixer

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Quote from: RealMalatesta on October 04, 2021, 04:18:04 AM

The difference between learning from the veterans and learning what to trade is you should learn how they trade and not what they trade. If you ask a professional what coins you should buy and at what price then you are doing the wrong thing, if you ask them how they came up with that coin and that price then you are doing the right thing.

I learned this a long time ago and I have talked with many people who were in the trading world, I didn't ask them what to trade, I asked them how they found a coin and a price for it and bought, why they bought that one and when they did it, so that way I was capable of learning to find stuff of my own as well. Obviously I am not super great at it but at least I can do it a little bit.

That is basically what people mean by research. You need to do "research" and get better yourself and how do you do that without reading information written by other people? Of course veterans will be helping you and that is how you make a profit. I understand that asking for advice versus studying from others notes are different things but it is exactly what you are saying, it is asking others how they trade and not what they trade to learn more about it.

I personally believe that there is a good source that I use, I do not like to give that away because it has not worked for a few friends of mine and it did not end well, we are good now but I do not like to cause any other person any other loss. However, that source was written by around 13 people, all talked about different parts of trading, and I could say that it is by far the best way that I learned, yet it was still other people. Instinct and gut or emotions will not make you profit, studying from professionals’ courses will make you better though.

Luffygroove

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It's always important to do our own research and grow along with it for us to gain profit in the crypto world. As my experience engages with cryptocurrencies, the crypto world is harsh. People could do anything to gain money here and we need to be more extra careful. As your title mentioned, we can't do trade using instinct, well it depends. IMHO, while knowledge is a must in the crypto sphere, we need to use our instinct too. But, we can't depend on our emotions merely to decide our moves. It's difficult to explain but we need all of our resources to be able to gain profits in crypto. More experiences you have, you'll learn the tricks.

gooders

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At one time, I also lost - this is normal if a trader observes RM - his losses are included in the transaction. Adequacy has nothing to do with it. Just a healthy mind If it is not, excuse me.
There are speculators here. Some lose, others earn.
And if you fly in for all the money. with 10x-20x and so on ... Then you can quickly drain everything and go to the factory. This is fine.

gooders

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And, to be honest, I did not think that we would rebound so sharply. I was waiting for a longer flat
And the day is not over yet. We can also go down.

Iceblast

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as a beginner it is better for you to choose a coin that has a minimal risk of loss. for example you can choose BNB, ETH or CARDANO for investment. because it is too risky if you put your assets into coins that have no potential

PhucS

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Don't trade using instinct, this is absolutely true. In the crypto market, in all trading investment decisions we need to learn very well about the relevant issues and knowledge. If you only decide by emotion, instinct, that will be very dangerous, you will probably lose quite a lot. One more thing, investment advice from everyone, we should only consult, need to be very wise before making a decision.

asus09

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Quote from: isaac_clarke22 on October 04, 2021, 12:20:55 PM

Quote from: indo1 on October 04, 2021, 10:26:47 AM

~

Trading and any sorts of business out there is already a gamble. Predicting market is easier said than done, because a lot of news out there plainly just throws numbers out there and mostly our prediction comes from those as well.
Somehow when you lose in trading, you can still get something out of your losses, but in gambling, you obviously lose it all.

Smart people will playing with bad or good news how to manage good trading way, but many people not check about good news before trading, I am always checking on twitter channel update what new transaction like sending bitcoin or sending USDT alert, when have much transaction sending USDT that good news and best time for entry to trade but some one trade only panic buying or selling when bitcoin or altcoin suddenly pump or dump.

lienfaye

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To answer the thread title, yes dont trade using instinct alone because there have to be basis on what should be the best thing to do and that relies on your knowledge and plan on the particular situation.

Quote from: RizqalArifa on August 15, 2021, 12:38:37 PM

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you.

Its necessary to have your own understanding on what coins to invest in. Just DYOR so you can gain idea of what coins are best to buy and might be profitable to hold. I suggest to buy an established coins because it has use case. Well new coins are not bad as well however extensive research is needed in order to find a gem.

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Quote from: RizqalArifa on August 15, 2021, 12:38:37 PM

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well,

Most people go through a period of losses in this market to learn for themselves.

Quote from: RizqalArifa on August 15, 2021, 12:38:37 PM

I have profited from BSC coins and now I have not invested in any other altcoins.

Congratulations you have made a profit from the crypto, and hope that you will earn more the next time.

Quote from: RizqalArifa on August 15, 2021, 12:38:37 PM

Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you.

DYOR. No one can give you the best advice, sometimes that's good for them but not good for you. You also said above you made a profit from BSC, keep using that skill and experience to analyze the top coins on CMC, you will find your next potential coin.

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