Follow the technique if you have zero trading knowledge in crypto - page 3.

AicecreaME

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Quote from: OcTradism on December 15, 2023, 09:13:27 AM

Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

If you are know in crypto trading you can follow it.
I started trading from 2017

What is the market you started trading in 2017?

Quote

I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

Zero knowledge about crypto trading and get 90% successful rate for your trading in this market, it's impossible and unbelievable. Because this market is volatile and run by news, by Bitcoin halving cycles and regulations on this market can affect it a lot.

If you are not experienced in this market, you will belong to most vulnerable traders and more easily to lose money.

I don't say you told lies but if you want to make your claim more convincing, please show proof. At least screenshots that are even hard to verify but with screenshots of your trading history, it's better than nothing.

I definitely agree.

This is just some pure self-proclaimed trader who makes a lot of profits based his intuition only, unless backed up with some solid proofs like what you have said. Even in spot trading, I don't see him making profits most of the time even though he has zero knowledge, unless he is lucky most of the time, then he's telling lies. Randomly entering a trade and winning a huge profit is a rare kind of event for a newbie trader.

libert19

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Quote from: mirakal on December 22, 2023, 07:58:56 PM

Sometimes, social media can be very deceiving. Even if you know their intention is to create hype and FOMO, but still a lot of people still fall on their traps. And they will only come to realize that once they end up suffering from losses. I guess people will never stop committing mistakes, knowing a lot of beginner traders are also entering the market trying to ride with the hype every now and then.

Yea, one learns influencers preying techniques and gets out of it, then new fishes come in the pond that these influencers can prey for. It's never ending cycle.

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However, if you see the market is really in bullish, then selling your coins could be the best option. But never sell all in, as there are still chances that the market will get even more bullish in the next days or months.

Yea, DCA in to purchase, and DCA out to sell is perfect strategy, since no one can perfectly time the market.

mirakal

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Quote from: libert19 on December 17, 2023, 10:01:15 AM

Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

>> When you see the price increasing very quickly in a very short period of time and there are posts and discussions everywhere including social media that the price will increase, then refrain from catching any buys and trades and investigate the reasons for the price increase.[/b]

I second that. Have fallen victim to this quite a few times, despite being aware that it's just fomo, sometime emotions just over-rule you. On second note, it's perfect time to sell if you are holding that particular asset.

Sometimes, social media can be very deceiving. Even if you know their intention is to create hype and FOMO, but still a lot of people still fall on their traps. And they will only come to realize that once they end up suffering from losses. I guess people will never stop committing mistakes, knowing a lot of beginner traders are also entering the market trying to ride with the hype every now and then.

However, if you see the market is really in bullish, then selling your coins could be the best option. But never sell all in, as there are still chances that the market will get even more bullish in the next days or months.

South Park

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Quote from: tvplus006 on December 17, 2023, 06:33:04 PM

Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

...I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique. ..

Your three recommendations will not be enough for a beginner to trade with profit. Without knowledge and experience that cannot be bought, you will not be able to trade. And even those who have knowledge and experience also make mistakes, since the cryptocurrency market is not predictable with 100% accuracy.

Those trying to reduce trading to a few tricks and tips are destined to fail, trading is such a deep subject that there are thousands of books written by experts and I am sure you can always learn something new from each one of those books, so it is too reductionist to think that those that do not know anything about the market can become incredibly successful by just following a few paragraphs worth of instructions, when in fact months or even years of study are needed just to have a chance to become successful.

mirakal

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If you have zero knowledge in trading, then you wouldn't be able to know even how to start trading. Once you struggle on your first trades, most likely it will also end up as a failure, and you will definitely lose your capital.

But when you say you have only prior knowledge in trading and still gaining experience how to make a successful trades, most likely there are still chances to make your future trades profitable. That is, if you also learn from your first mistakes and losses in trading.

Trading needs skills and strategies to make it work and succeed. That's why you have to work on it everytime you decide to trade, so that the rate of chance to succeed will continue to grow and increase.

lombok

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Quote from: rat03gopoh on December 15, 2023, 09:16:53 AM

Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

I was zero knowledge with crypto trading

This is impossible, you have to learn the basics like how you should buy and sell, different types of trading. Two of your three points seem to direct people to look at coins' performance from the fundamental side. You're inadvertently using this type of analysis, which is good for spot trading with longer time frames.

Long term investment type? Maybe this is the most comfortable and relaxed trading, with minimal knowledge as you mentioned, this is more than enough.

However, it needs to be emphasized that knowledge or knowledge in the realm of investment, analysis, trading is important to support the smooth running of trading and investment. Lazy or uninformed = loss.

tvplus006

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

...I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique. ..

Your three recommendations will not be enough for a beginner to trade with profit. Without knowledge and experience that cannot be bought, you will not be able to trade. And even those who have knowledge and experience also make mistakes, since the cryptocurrency market is not predictable with 100% accuracy.

libert19

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

>> When you see the price increasing very quickly in a very short period of time and there are posts and discussions everywhere including social media that the price will increase, then refrain from catching any buys and trades and investigate the reasons for the price increase.[/b]

I second that. Have fallen victim to this quite a few times, despite being aware that it's just fomo, sometime emotions just over-rule you. On second note, it's perfect time to sell if you are holding that particular asset.

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Quote from: logfiles on December 15, 2023, 10:50:59 AM

Or do not trade at all with funds you cannot afford to lose if you have zero trading knowledge for a start, until you learn how to trade. How about that? Cheesy

One can't use all those techniques if they have zero trading knowledge, or they will make some very serious mistakes.

I have been there too when I was a learner.

This will be a good advice for newbies to start their trading journey with an amount they can afford to loose as trials, then gradually begin to increase their knowledge about numerous technicalities that comes with the job. Trading is quite difficult because even the professionals with there experiences of fundamental and technical analysis still lose in trades. So what OP said should be in order, traders should avoid greed and cash in when they make relatively small profit, because they might lose everything in the process of waiting for a huge profit, also to wait for negative news that can affect price to go low before trading.

Alpha Marine

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

You're giving people advice on trading which is quite good advice from a certain perspective but at the same time, you're misinforming people.
A 90% profit success is so hard to believe. I can even go out on a limb and say it's not true, but I'm going to assume there's some truth in it, what do you feel the impact of this would be on newbie traders?

The points you gave are good, but only them can't make you a successful trader. So if a newbie sees such a post he'll believe he can truly have a 90% success rate in trading without proper skills and experience which would only lead them to more losses.

Solosanz

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How can those of them are techniques? it just a generic psychological effect which everyone can realized after they've trade for few times.

Since you claimed you're good in trading as those techniques works for you, you can create a new thread and post your prediction regularly, then we can see how successful you're in trading.

boyptc

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Trading without trading is still actual trading if that's part of the waiting game and it is called patience. Not all the time you have to trade when the market doesn't seem to fit your calls and trades.

There's no need for you to chase the market if you think that they're not good enough for you.

It's all for the patient people and loves to take time at most of their trades.

Ben Barubal

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

I was zero knowledge with crypto trading but Belive me my 90% trade was successfully profit gainer with just maintenance following technique.

Are you sure about what you said? What are you basing these things on? It is not possible for anyone to make money from trading or ideas if they don't know anything. That's not true.

an individual trader, even if he has only a little idea of trading here in cryptocurrency, I can still believe that he will get a profit. But what you say is zero knowledge, even if there is no idea; that is big nonsense, and that is really not true.

Awaklara

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Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

>> Remember sometimes not trading is part of trading so wait and wait for more bad news to come after the market is bearish and remember that time is the right time to look for buying and trading opportunities.

such a situation would be more appropriate for those investing long-term. and the assets chosen may influence its success.
Trading may be more complicated than waiting for the price to fall and then buying it until it increases. some assets are unsuitable for us to buy when the price goes down because they can stay at the bottom for a long time. such a method might be good for assets that have rapid price fluctuations.

el kaka22

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Being patient is definitely one of the better advices there could be. A lot of newbies lose money because they have been waiting for a few days and want to trade already and not miss a chance, but the reality is that if you can't find a trade that you trust then jumping into it doesn't really benefit you at all. I believe that we need to end up with something that should be a lot bigger and we need to end up with a return that should be making a greater profit for you when you are certain about it.

If you start trading because you feel bored and haven't traded in a while then you will most certainly end up with a loss, that's just how it is, but if you end up trading because you have TA'd and found a good trade then you can start trading. Be patient, sometimes there isn't a single trade that you are certain about for a whole week, maybe more, it doesn't matter if you end up with a loss or not, you need to make sure that you are doing the right thing whenever you can.

poodle63

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i wholeheartedly agree with the fact that not trading is also part of trading, can't sweat how much it helps me avoid getting fomo'd into buying thinking i'd be too late to the party if i don't buy but I know that sometime a coin or a market thats already up so high have the bigger chance of going down again, therefore I just wait until the market somewhat gets corrected and I get better position for making an entry and then I'd start investing when that time comes.
I've avoided plenty of trading losses doing this, sometime patient is the key, even sometime I go to such lengths of waiting for a whole month just to get a good position so therefore it does indeed work for trading strategy.
if someone want to trade more faster pace then future is the way but of course the increased risk should be taken into account, if its spot trading, waiting is definitely a good strategy.
just wait until the market get to the very bottom like basically dipping down so sharp that to buy make a lot of sense.

Assface16678

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Quote from: South Park on December 15, 2023, 04:22:25 PM

Quote from: logfiles on December 15, 2023, 10:50:59 AM

Or do not trade at all with funds you cannot afford to lose if you have zero trading knowledge for a start, until you learn how to trade. How about that? Cheesy

One can't use all those techniques if they have zero trading knowledge, or they will make some very serious mistakes.

I have been there too when I was a learner.

Many newbies do not think like that, if you were to give them that advice they will claim that they do not have to bother with such slow methods, when they can use all their money to trade with 100x leverage a meme coin no one has ever heard about and become millionaires in a single day, and when compared to that studying for months before even getting to the starting line seems like a complete waste of time to them, so most of those newbies that think like that will not change their posture until they blow up their trading accounts and lose everything.

Well, its their lost, if a newbie in trading choose the shortcut or they think that trading could make them rich immediately then its their own fault, they are the traders so we cannot stop them on what they will do or what decision they will do, we can only guide them and give advise but the decision and execution will be them to do, many beginners in trading think this way because they only got hype by the social media influencers that flexing their wealth and luxury life because of trading, little they know its only the part of their marketing strategy to attract potential investors or new traders that could avail their mentorship, which is a trap, because they making trading look way easily which is in reality not, they maybe flexing luxury lifestyle but they are not showing the bad side or the hard part of trading, so beginners choice if they will be too greedy or too ambitious to get rich right away.

Maslate

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Quote from: Mate2237 on December 15, 2023, 10:12:55 AM

Quote from: SAHASAN on December 15, 2023, 09:05:28 AM

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>> Do not try to gain extra profit. Remember that expecting too much profit can make you addicted to profit and incur huge losses.

Op this is a perfect warning, many people will not hear this warning and continue their greediness to loss all. Well as they said, "experience is the best teacher". When I first started my trading, I first deposited the amount as dollar the converted it to Bitcoin in the trading platform and startes the trading. At first I got $20 and instead of me to withdraw the $20, I was expecting more from that trade and I lost everything in the trade. And I remember this thing from your statement. When one is so much expectancy then the end result is bad.

As I said before even though you set stop loss and take profit, you can still lost.

Most of the beginner traders are greedy, so as early as now, they should be exposed to the realities that not all trades result into profits, majority still end with losses. That way, they will start trading with less emotions and as much as possible, controlling greed is necessary not to incur huge losses at the end of the day.

Yes, trading gives us an income, but that's only for good and professional traders. Otherwise, trading without skills and experience will only result into negative losses that some end up into depression.

South Park

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Quote from: logfiles on December 15, 2023, 10:50:59 AM

Or do not trade at all with funds you cannot afford to lose if you have zero trading knowledge for a start, until you learn how to trade. How about that? Cheesy

One can't use all those techniques if they have zero trading knowledge, or they will make some very serious mistakes.

I have been there too when I was a learner.

Many newbies do not think like that, if you were to give them that advice they will claim that they do not have to bother with such slow methods, when they can use all their money to trade with 100x leverage a meme coin no one has ever heard about and become millionaires in a single day, and when compared to that studying for months before even getting to the starting line seems like a complete waste of time to them, so most of those newbies that think like that will not change their posture until they blow up their trading accounts and lose everything.

Distinctin

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This is really risky, trying to trade without having sufficient knowledge on trading. You should not be trading in the first place, but increase your knowledge first about trading and how it will be done successfully and profitably at the end of the day. But upon analyzing your post, if you have been successful on your trades, most likely you are not actually a newbie in trading but only a newbie in your rank in the forum.

However, you are right there when you say do not expect more of profits than losses. Because if you are actually trading, you will realize that there are more possible losses first than gains, so never expect to be highly profitable in trading as you might only get frustrated in the end.

Topic: Follow the technique if you have zero trading knowledge in crypto - page 3. (Read 463 times)