As long as you are making money from trading you are on right track, now you need to analyze why you can make profit, from which factors you're making decision to purchase ripple, you can learn while you trade, always learn from every trade you made and now is the right time to trade alt coins because most of the coin is going up
Yes the analysis of one’s self is very important it is basically to analyze the strategy that you are working on. No matter if you earn or lose but the strategies need to be reviewed at every next business activity that you want to start. The analytical skills are very important for a business person. If your analytical skills are good you will never lose your investment. 
Topic: First trade of altcoin, I am on the right direction ? (Read 1515 times)
Well of course if you're making money you're doing something right. However you need to know if you place a new buy order you should try to do research and make a rational decision not an emotional one. You're already into a coin such like ripple, it can be quite tricky so maybe try reliable coins (LTC, ETH, DASH,..) instead a token like ripple.
Ripple is a good altcoin as long as you know how to play their game because in the past few days, the ripple is experiencing pump and dump because of the big whales that are keep playing the market of ripple. It is best to have knowledge and don't focus on making money instead so you are tend to be in the right direction. 
Well of course if you're making money you're doing something right. However you need to know if you place a new buy order you should try to do research and make a rational decision not an emotional one. You're already into a coin such like ripple, it can be quite tricky so maybe try reliable coins (LTC, ETH, DASH,..) instead a token like ripple.
Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Wow! This is an excellent start for you. Now just keep one thing in mind to control your emotions and also the emotion of greed to earn more in a less time. Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
All the human being are greedy by nature but the best one are those who controls it and make their way go easy. I still remember my first trade which was not too good to motivate but I learned a lesson from it and started again and I am successful making minimum 3 bitcoin a month easily now.
Let's see, you just successfully traded altcoins and made a profit. What's your question again? You just came here to brag, right? Be honest. And I'll be honest: You got lucky. But trading in shitcoins is super risky, and I'm sure you won't return once you start losing money. No one ever does.
To brag that I earned like $0.30 ?
no, mate, I am not bragging. And I know it was a luck as I am just starting and know almost nothing about trading. I saw from charts that price was dumped and bought some coins and waited for the price to increase again. Now have done 4 times this move and all was successful, but I agree that this is luck, because I havent learned how to read charts and actually don't know and can't predict the price increase or decrease.So because of what I created this thread to learn more.
The price of the coin increasing due to people buying coins, price decreasing if people selling the coin.
I think if the bitcoin price increasing, alt coins price will decrease because everybody selling alts to get bitcoins, and if the price of btc decreasing, people buying alts.
Not sure if I am correct.
But what else makes people buy and sell particular coins?
What is your strategy to read the chart's, to understand how market moves, to make price predictions ?
I think you can learn a lot about exchanges and trading with alts. But Alts are almost all a joke and worth little to most of us (nothing to me). Time to step up to real money, by that I mean bitcoin.
It is a joke for you because you can't earn money and didn't know how to trade altcoins so you are just saying almost of the Altcoins are just a joke. For me, Altcoins is one of the best way to grow our bitcoin and earn a lot of profit if you know how to trade well and you are not always greedy in buying and selling altcoins. Buying and holding bitcoin will take a lot of time for you to be rich. 
I think you can learn a lot about exchanges and trading with alts. But Alts are almost all a joke and worth little to most of us (nothing to me). Time to step up to real money, by that I mean bitcoin.
Let's see, you just successfully traded altcoins and made a profit. What's your question again? You just came here to brag, right? Be honest. And I'll be honest: You got lucky. But trading in shitcoins is super risky, and I'm sure you won't return once you start losing money. No one ever does.
Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Good for you and am happy you were able to gain that much from ripple. From coinmarketcap price index I sow since last week that the price has double and even trading over 200% profit for a week. Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
you bought and sold xrp based on what?
Good catch. Now I am just reading OP again, but he has not mentioned any strategy he has followed for making those profits. He just got profits from the rally XRP got few days back but not based on any solid researches which must be essential for repeating same type of profitable trading.The just want to call OP's first trade is fully based on luck. When we are missing the analytical part of trading, in long run we may get stuck with some position which will be giving negative income.
Be aware with the buy low sell high tips which is actually very risky. I have experienced that with myself. Recently I traded two alt coins that is AL and TRICK which I bought at 1 BTC = AL 0.0000027 and 1 BTC = TRICK 0.0004700. I thought, (well) that was the lowest they had in few weeks of period. With that price I crossed my fingers for next week and if you go and check the price of theses coins today then are AL at 0.0000001 and TRICK is at 0.00000110. That is the heaviest loss I ever had. 
So, it is not just about buying and selling at low/high it is more than that. You have to learn how the market moves, who is stronger candidate in the market. That is the way to ride this beauty with beast.
So, it is not just about buying and selling at low/high it is more than that. You have to learn how the market moves, who is stronger candidate in the market. That is the way to ride this beauty with beast.
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now the important question that you should be asking is "when and why would people buy and when and why do people sell"
Very good point. Any thoughts how to do it ?
That is not the real trading because you don't have enough basis in buying and selling altcoins. If i were you i will just stop trading for the mean time and study the market and understand it first before doing anything because that is a big amount that you are risking in trading and based on your performance you don't have basis so you are tend to loss.
Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Yes sir, you are on the right track. That is how really trading works but I will advise to also start study those altcoins that you are going to trade because you never know whether its just a shitcoin whose devs trying to make big profits on fools.
you bought and sold xrp based on what?
Trading is a less risky type of gambling. Prediction and speculations are near to impossible thing nowadays and any coin can become shitcoin. So invest in good projects and hope to get some returns. Just that dont get into emotions when you lose too much.
Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Yes you are in the right path because you are buying low and selling high but it is not that easy for you to make profits that often because the market is still unpredictable and there is a lot of things that might happen when you are buying or holding some altcoins. So if you want to be on the right track, make sure to have a great analysis also so you will be on a better bid. Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
it depends!
if you are just making guesses about which way price can go, or mostly hoping it moves in your favor then no you are way off the track.
but if you are analyzing the market, reading charts and some news and then placing the buy/sell orders then yeah you are on the right track.
and these two may seem similar but they are so much different.
Yeah, right now I really don't understand and unable to read the charts... i understand what the candles mean, but dont understand clearly how they are moving and how we can predict movements.
well then that is your mistake.you should try and learn how these things work, know what a pump and dump is, since you are trading altcoins.
learn to find out why altcoins get pumped and how long that takes.
So if i understand right, if the price is droping it means that people are selling coins, if people start buying same coin, the price would increase ,correct?
correct.now the important question that you should be asking is "when and why would people buy and when and why do people sell"
You are right on buying low and selling high but you can't depend on same price range. You have to read charts before putting anything in any coin, only buy something when there is some uptrend and quickly sell them when it surges a little bit if you like to make profit with day trading. Day trading is both profitable and risky, so make your move according to market rather than your emotions.
Yeah, right now I really don't understand and unable to read the charts... i understand what the candles mean, but dont understand clearly how they are moving and how we can predict movements.
So if i understand right, if the price is droping it means that people are selling coins, if people start buying same coin, the price would increase ,correct?
You are right on buying low and selling high but you can't depend on same price range. You have to read charts before putting anything in any coin, only buy something when there is some uptrend and quickly sell them when it surges a little bit if you like to make profit with day trading. Day trading is both profitable and risky, so make your move according to market rather than your emotions.
Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
You already made a great job with your first trade mate! Congratulations. Doesn't matter how big or small profit you made, as long as it's profit, you already do what other traders do too Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
No one can know when is the right time to buy and sell, there are only predictions and speculations. The only one you must know is, don't regret when you decide to trade.
Imo the best way in trading is following a professional you will lose less, and earn more. The problem here is.. Where to find that person 
if profesional trader with contanst profit and big earn from trading
is never share trick, never share knowledge, no share signal, no signal selling
except open pump service
Though, if you're always following those professionals activity, you'll never develop a decent skill, but still, gain profit out of it until you lost connection with those professionals.
For the OP sometimes it does not go according to our wish (price does not rise), we have to see market situation whether there is buy/sell wall and volume.
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Imo the best way in trading is following a professional you will lose less, and earn more. The problem here is.. Where to find that person
if profesional trader with contanst profit and big earn from trading
is never share trick, never share knowledge, no share signal, no signal selling
except open pump service
Though, if you're always following those professionals activity, you'll never develop a decent skill, but still, gain profit out of it until you lost connection with those professionals.
Imo the best way in trading is following a professional you will lose less, and earn more. The problem here is.. Where to find that person
Even professional traders experienced losing their money, i dont think following other person will make you earn more but you can follow som of their tips. If they will buy a specific coin it does not mean you will also but that coin 
Op is quite good in his trading strategy buying low and selling high. This won't be possible everytime, so to profit during those time is the perfect learning of trading. This is possible only through long time experience gained in the process of continued involvement into trading activities.
Professional and skillful traders did not buy low and sell high! But buy high and sell higher or sell low and sell lower. Don't undermined the power of volumes and trend in trading because this is what drive the market to the particular direction.
This is how pyramids form, while you bought whatever that is with whatever price you were buying from someone else just like you who had his/her order to sell at that price and someone else like you also bought your coins from you and some other person must buy from him higher or else he will suffer loss of funds, is the community behind the said coin strong to buy the higher prices every time?
The one benefiting here are the ones controlling the supply, having most of the supply, and when no one willing to pay a higher price then those poor coin traders will have to either hold their coins which it wont earn then any money while they're holding or sell with lower prices.
If you buy a coin for $1 each and then sell for $1.5 you'll not going to buy back from someone dumping for them for $2 will you? because you sold for $1.5 so you'll wait for it to go down lower than $1.5 to buy in again.
Aka pyramid, most of the people will suffer and hold the heavy weight, if you try to stay on top of the pyramid then you'll have to invest large amounts thus becoming a big whale earning while others are losing.
The one benefiting here are the ones controlling the supply, having most of the supply, and when no one willing to pay a higher price then those poor coin traders will have to either hold their coins which it wont earn then any money while they're holding or sell with lower prices.
If you buy a coin for $1 each and then sell for $1.5 you'll not going to buy back from someone dumping for them for $2 will you? because you sold for $1.5 so you'll wait for it to go down lower than $1.5 to buy in again.
Aka pyramid, most of the people will suffer and hold the heavy weight, if you try to stay on top of the pyramid then you'll have to invest large amounts thus becoming a big whale earning while others are losing.
Imo the best way in trading is following a professional you will lose less, and earn more. The problem here is.. Where to find that person
if profesional trader with contanst profit and big earn from trading
is never share trick, never share knowledge, no share signal, no signal selling
except open pump service
Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Yes , you are on the right track as you have invested in the hottest coin on poloniex i.e XBY. Next time you should wait for some more time after buying a coin, this way you can even get more profits in trading.
Imo the best way in trading is following a professional you will lose less, and earn more. The problem here is.. Where to find that person
Op is quite good in his trading strategy buying low and selling high. This won't be possible everytime, so to profit during those time is the perfect learning of trading. This is possible only through long time experience gained in the process of continued involvement into trading activities.
As long as you are making money from trading you are on right track, now you need to analyze why you can make profit, from which factors you're making decision to purchase ripple, you can learn while you trade, always learn from every trade you made and now is the right time to trade alt coins because most of the coin is going up
You're on the right direction for day trading maybe, but altcoins have much more wild fluctuations than that and when you lose, you'll lose big. The most successful traders will buy in when people think that altcoins are dying and sell when people think they're going to take over Bitcoin. It's all about other people's sentiment and your own - sometimes you have to ignore it and do the opposite because what you feel is exactly what whales who make big money from it want you to feel.
That´s the theory. buy low, sell high. the only problem is that you dont ever know where is the peak and can be stuck with is called a bag...
To buy like that you should choose "good" coins and try to figure out if they are not to pumped..you will certaily get a bag, but if it is a bag of a coin with pottencial it will eventually come back. if not you can end up with a bag full of nothing.
To buy like that you should choose "good" coins and try to figure out if they are not to pumped..you will certaily get a bag, but if it is a bag of a coin with pottencial it will eventually come back. if not you can end up with a bag full of nothing.
Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
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