Topic: Follow Strictly while trading (Read 481 times)
recently I have seen a quote from Buffet where it has said if a investor have too wide diversification than obviously he is not knowing what he is doing, the diversification is a must but I believe not too wide.
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'll be adding focus on trends set your mark before you lose too much. Indeed always pay attention unto bitcoin it will eventually leave setbacks that can never be forgotten by those who have experienced it. Another thing what is FOMO? lol sorry for asking still learning though. 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.
All stated in OP are correct and easy to follow just to avoid mistakes that make an error and turn into losing your money in trading.
We all know that trading is very risky to have a profit there is a time if you got wrong decision it might be losing you, all of these are need to study and research will before you engage in this kind of earning money.
When you start trading then don't expect too much always remember that this is like a gambling.
For me, trading was just like a normal business you have you have capital to start with as an investment and for the operation, you also need the basic knowledge, feasibility studies, you also need the courage in taking risk with what you are doing as it is really important matter. We all know that trading is very risky to have a profit there is a time if you got wrong decision it might be losing you, all of these are need to study and research will before you engage in this kind of earning money.
When you start trading then don't expect too much always remember that this is like a gambling.
All stated in OP are correct and easy to follow just to avoid mistakes that make an error and turn into losing your money in trading.
We all know that trading is very risky to have a profit there is a time if you got wrong decision it might be losing you, all of these are need to study and research will before you engage in this kind of earning money.
When you start trading then don't expect too much always remember that this is like a gambling.
We all know that trading is very risky to have a profit there is a time if you got wrong decision it might be losing you, all of these are need to study and research will before you engage in this kind of earning money.
When you start trading then don't expect too much always remember that this is like a gambling.
I have read these tips in so many posts in this forum. I have listed out a few tips myself but you know what the problem is.
The problem is that no matter how much we create an awareness about these things to the new traders, they will make this mistakes anyway.
I guess the people should commit these mistakes at least once so that they could remember it life long and don't repeat it ever.
There are some wise people who stay aware of these things when they start trading and they are the ones who gain more profits right from the start of their trading.
The problem is that no matter how much we create an awareness about these things to the new traders, they will make this mistakes anyway.
I guess the people should commit these mistakes at least once so that they could remember it life long and don't repeat it ever.
There are some wise people who stay aware of these things when they start trading and they are the ones who gain more profits right from the start of their trading.
Thank you for the advice. This seem helpful already. Can someone explain the aspect of "Don't be greedy!". In what way does this apply? Is it in seeking too large profit or investing a very large sum of money because you feel you will make more profit in a short while? Can you please explain. Good advice so for. I am anticipating the feedback to this followup question soon.
Never risk too much money per trade!
Therefore 2-3% of your entire trading account should be the maximum per trade.
The next thing is you should go for conservative targets. Never chase for the highest profits. On the way up take some profits (50-75% of your position) and let the rest ride if you have the feeling price may go up a bit more. The same applies if you margin trade and go short by the way.
And always stick to your stop loss!! Risk and money management is the most important in trading! Protect your capital first, and then you go for profits! That's the order you have to follow when trading in any market!
Thank you for the advice. This seem helpful already. Can someone explain the aspect of "Don't be greedy!". In what way does this apply? Is it in seeking too large profit or investing a very large sum of money because you feel you will make more profit in a short while? Can you please explain. Good advice so for. I am anticipating the feedback to this followup question soon.
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.
It indeed is a very good post or the advice to the new investors.It covers almost all the aspects of trading and the only thing that i would like to add in this is have "patience".Because there people who have this Illusion about bitcoin is it makes you overnight billionaires and that is bullshit.So patience is the most important quality in trading. 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.
Interesting points OP. A periodic trader would have been conversant with a this points, but the new traders might have made these mistakes, though, every trader that started out might have made these same mistakes too. The most important of all this points is to not been greedy and to not to listen to FOMO and and acting on it. They should learn that red in the chart doesn't mean all hope is gone but that you should buy more.
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.
Thank you with that sort of helpful tips. I guess that most of people who’s here probably know these tips, but it’s less likely for one to follow exactly these tips. Because as you know when one enters the market, definitely he’s controlled by many factors, especially emotion. To speak frankly, if most of people’s in the crypto market can be able to carry out as the tips above, I bet that nobody will be in the loss. Anyway, we’d better to pay attention to these tips, it somehow can help us reduce the risk. 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.
Those are good points however using stop-loss is not advisable if you are making the long term trades. I mean for long term trades you should be looking at brand picture where ups and downs will be normal. In case if you put a loss at X % then your order will get executed but just after if that coin started to move up then what would you do? So its always better to chase the trade manually and in the crypto thats the most easiest way to keep up the pace. Some stupid order execution can cause big harm. Believe me im through that earlier.
However rest of the points are good. Could have been better if you would have explained them to the noobs briefly.
However rest of the points are good. Could have been better if you would have explained them to the noobs briefly.
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.
Very beautiful suggestions , some of them are easy to write and hard to do like "don't be greedy"
I want add a few more things :
1.don't put your stop loss too narrow
2.buy on gossips sell on NEWS
Regards!
I often read these tips, but it's still hard to learn.
every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.
I guess that is where the OP missed that particular point. You really need to learn the use of indicators, and some analysis to be able to make some good decisions in the market and without that knowledge, every other tip he has mentioned will not even work for any trader. It sounds so easy and can help anyone make a good trade, but not a good decision as that can be done only with some level of knowledge that you could only have gained with what you have learned.every point always involves emotion and this is the hardest thing to do.
Experience becomes the most decisive thing in the trade.
That number seven actually summarizes how to simply trade the altcoin market asides some of the strategies you will also need to use to trade. OP did not add always learn before you start trading as that is the only way those strategies can end up working for you anyway. Having a strategy will help you know when to enter a trade, when to active and where to set your stop losses no matter what without any form of emotion in your decisions.
You must have to set things before you trade because its risky to depend on your emotion while you are trading. This is very common to newbies who are just thinking about making money without making any effort to study the market and they usually ended up with nothing. These steps are really helpful in your trading journey make sure you have this thing.
Never put all your money on one coin,diversification is the key to a successful long term trading career.
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.
All of it will be learned just by experience (the number 9 on the list). I don't even have to keep in mind on those when I first started trading. My only goal is to make it to the point that "buy low sell high" will be executed successfully since honestly at first, it's easy to say but difficult to do. Since I have a goal, I automatically learned those listed above on the way enhancing my strategy.
Bottom line, traders doesn't need to literally keep in mind those advices because while on the progress of building experience, surely they will experienced mistakes on the way. That mistakes will make them more better in terms of decision making.
You can't do it, if you do you can't make money, lol diversify, don't invest more than you afford... I don't diversify, I will invest more than I afford to lose, I will either shoot the moon or lose but not live a dog's life in the market.
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.
I think no. 7 is the most important on that list. Majority of alt coins simply reacts to bitcoin price movement no matter how good the project is.
LOL, these rules seems like we do use while we invest on gambling not trading. I always check the investment coin's potential first and then only I used to check the given rules mate.
Then when you want to invest on any crypto currency will you check all the exchange or simply goes to one exchange and buy the coin?
I suggest you to check the marketplace value on every exchange and choose best price one among that before you buy it.
Then when you want to invest on any crypto currency will you check all the exchange or simply goes to one exchange and buy the coin?
I suggest you to check the marketplace value on every exchange and choose best price one among that before you buy it.
Do you know why you can invest only the money that you do not mind losing? Because you will lose them with a high probability.
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.
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.
this is good advise but hard to follow specially for newbie on trading and for trader that using emotion on trade. 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.
Good share OP, those things can help us inside our trading activity, knowing what is supposed to do while investing our money will give us some edge not lose that much or avoid certain bankrupt, the moment that we set up plans and strategy will teach us to be more accurate and make good decision making, emotionless trades really hard to do but if done perfectly, then bigger gains is very possible to achieved.
These are general rules, but following them does not mean you will get a guaranteed profit.
The last rule is the basis on which you should build your investment, while the rest of the rules are subject to change.
The most important thing is that you have a specific plan and an expected profit because the price will not be All-Time-High.
It is your faith in a matter that determines how much you earn from it.
The last rule is the basis on which you should build your investment, while the rest of the rules are subject to change.
The most important thing is that you have a specific plan and an expected profit because the price will not be All-Time-High.
It is your faith in a matter that determines how much you earn from it.
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3. Don't ne greedy.
Easier said than done but I may strongly agree with this number 3 rule. Such greed turn into mistakes and I often experienced that wrongdoings and wrong decisions because of that what you called greed.
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4. Never put all your eggs in one basket. Diversify.
Playing safe in trading is very significant. That is why we have to diversify our investments, but not just one but to divide your capital in different coins for the prevention of a serious lose.
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9. Always learn from your mistakes.
Definitely. There are times that we are repeating our mistakes, blaming ourselves all over again. Otherwise, we can always learn from that mistake and step forward, learn more and gain success in the future because we've finally learned from what we have done before.
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.
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.
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.
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.
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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