Topic: Follow Strictly while trading - page 2. (Read 481 times)
I would add in your list "set a target and stick it". I have lost a lot becauae of not following my initial target but instead believe that price of the coin I bought will continue to rise. Its a very costly mistake when the price suddenly dropped. I should have been happy with just 15% profits instead of negative 15%. Always plan on when to exit.
Yeah, emotions is also one of the biggest factor to be successful in trading. That's why you will hear experience traders saying that you should throw your emotions out of the window then you enter the world of crypto trading.
Just few comments though, for diversification, it doesn't mean that you go and invest on other coins, for me it really means that you invest outside of it, like real state properties or stocks or mutual funds. As for FOMO, yes you can do it but as long as you know when to exit. Another thing, lay down your entry and exit strategy as well so that you can mitigate your risk.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
These are things all traders know but not everyone can do it. I think we should set our own rules and train them every day.1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
Practice each day by trading small amounts of money and always remind yourself of self-imposed rules until it becomes instinctive. Do not need too much of the principles, just 3 principles of your own and you have to do better than others. That will lead to success.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
I often read these tips, but it's still hard to learn.1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.
Old is gold. That means experience play a vital role to be success on trading.
Emotion is normal to hit you at the first period of time you start gambling even with knowledge, but experience on the knowledge you have gained and building on it will make you even more confident in the long run, but without knowledge at all, you end up screwed and subjected to even more emotion.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
The most useful part of trading that I have learned is at number 9. I have been learning from my past mistakes and it took me somewhere good and I am now a profitable trader.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
I often read these tips, but it's still hard to learn.1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.
Yeah, emotions is also one of the biggest factor to be successful in trading. That's why you will hear experience traders saying that you should throw your emotions out of the window then you enter the world of crypto trading.
Just few comments though, for diversification, it doesn't mean that you go and invest on other coins, for me it really means that you invest outside of it, like real state properties or stocks or mutual funds. As for FOMO, yes you can do it but as long as you know when to exit. Another thing, lay down your entry and exit strategy as well so that you can mitigate your risk.
everyone says HOLD, the question is "until when?"
The fibonacci retracement tool is very helpful for knowing when. Of course it's not a crystal ball, but it can help with safe gains and profit.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
I often read these tips, but it's still hard to learn.1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.
Yeah, emotions is also one of the biggest factor to be successful in trading. That's why you will hear experience traders saying that you should throw your emotions out of the window then you enter the world of crypto trading.
Just few comments though, for diversification, it doesn't mean that you go and invest on other coins, for me it really means that you invest outside of it, like real state properties or stocks or mutual funds. As for FOMO, yes you can do it but as long as you know when to exit. Another thing, lay down your entry and exit strategy as well so that you can mitigate your risk.
everyone says HOLD, the question is "until when?"
And don't forget, always follow all of the coins you're invested in on Twitter. Tweets from your altcoins can influence the price so much, whether that's a potential pump or instant dump. Don't miss out on obvious signals from Twitter.
These are nice tips to good trade performance. I like the last which encourages to learn from one's mistakes. This is how a trader can build their own strategy as he progresses from the mistake. Also, I didn't see patience on the list. A trader has to build a level of patience, it is good for trade.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
These are nice tips, I hope a lot are reading this thread, I would also like to add, always do continuous education, though you are already gaining a lot from trading, you still need to continue reading about it, there might be some strategies that you can also try, before it is just the traditional, buy low sell high strategy, now that cryptocurrency is here, doin arbitration trading is becoming more easy and thanks to exchanges, we can do this, we can also explore other coins, those who are with Masternodes and POS, we can just trade the rewards we are getting, in other words, we bought the coins with our extra cash, and coins had given us rewards, it is like trading the coins you've gotten for extra, in way, we could say it is a win win situation.
These are the tips that I always hear in common and I agree with them. I will add some tips too that will help you.
1. Be disciplined in trading
2. Be emotionless in trading.
3. Have a mentor that will help you in trading.
4. Build your own strategy that will fit you.
5. Learn to hold.
6. Use some instinct in trading. You need some luck too
1. Be disciplined in trading
2. Be emotionless in trading.
3. Have a mentor that will help you in trading.
4. Build your own strategy that will fit you.
5. Learn to hold.
6. Use some instinct in trading. You need some luck too
Additional helpful tips, but I want to suggest on point no 5. Not only learn to hold but also learn to sell quickly, this will need practice for at least scalper technique but it will be useful when the market is unstable. Even has been set cut loss, but faster decision will help better than cut loss. Sometimes it should aware to transaction fee, return to the market when see more certain direction of the price.
4. Never put all your eggs in one basket. Diversify.
4.1. don't confuse "diversify" with buying hundreds of different altcoins in fact it is best not to buy altcoin for diversification purposes since they are already tied completely to bitcoin price during drops only and that can mean a huge loss all around when bitcoin drops and not enough recovery as bitcoin goes back on track of rising.
Oh and I just want to add one thing on your list, do your research before jumping in the puddle because you will need it once you want to venture into trading. And always do your research even if you have already researched on that certain coin because you might miss out something that's new or some new updates of that certain coin you want to invest in.
With patience you can also be a better trader.
With advice you can also be a better trader.
Remember there is loss,so don't get emotional.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
I often read these tips, but it's still hard to learn.1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.
Lots of the 'tips' don't really help when reading them as well. Like "don't FOMO". Everyone knows FOMO is bad, but when you're watching a price skyrocket and you really want to get in it's way too easy to forget this tip.
I agree that experience is the most important thing. Yeah, you can remember any tip you want,, but in the heat of the moment it's easily forgotten.
In my opinion just reading some tips, and then getting into it is the most beneficial. Obviously don't play with a ton of money while you're just learning. Probably best to buy something you believe in, and use $20 or so of something to practice trading with until you feel comfortable with playing with more money.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
I often read these tips, but it's still hard to learn.1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
Sounds like youre a experienced trader huh?or just making some sense but the truth is dont really know what trading is.1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
I have different strategy but giving me good inco,and that is 'follow your instincts 'maybe many of people here will oppose but this is how I managed my trading..b
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
Some of your point is good and some of them are not acceptable.The should not involved in bitcoin blindly, it will force you to lose the entire investment.If you inverse entire amount in one cryptocurrency,surely you won't get profit all the time. In the fluctuation ,you have buy at low price.Make your trade with you trading knowledge.
These are the tips that I always hear in common and I agree with them. I will add some tips too that will help you.
1. Be disciplined in trading
2. Be emotionless in trading.
3. Have a mentor that will help you in trading.
4. Build your own strategy that will fit you.
5. Learn to hold.
6. Use some instinct in trading. You need some luck too
1. Be disciplined in trading
2. Be emotionless in trading.
3. Have a mentor that will help you in trading.
4. Build your own strategy that will fit you.
5. Learn to hold.
6. Use some instinct in trading. You need some luck too
There are a lots of things which we should follow while trading. I am mentioning few of them. Please see the points below:
1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
Be a wise trader! That is the rule of trading. If you are wise you know how will you enter and exist in a game. Even if we know or not these following rules, if we have mentality to gain profits then we can adapt easily the environment of Crypto trading. But for sure, before we trade, we have an assurance that we can earn using putting some information in our mind. 1. Categorize your investments and look at the long picture.
2. Only invest what you can lose.
3. Don’t be greedy.
4. Never put all your eggs in one basket. Diversify.
5. Don’t invest blindly.
6. Don’t FOMO.
7. Always pay attention to Bitcoin.
8. If you are doing any active trading, set stop losses.
9. Always learn from your mistakes.
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