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Topic: Follows these rules to be a successful trader - page 2. (Read 1024 times)

full member
Activity: 546
Merit: 100
This tips are very good but to be successful trader, specific amount and time should be listed to give a realistic help for the new traders. So, to be successful you need friends that can helo or brainstorm with you for better analysis.

Some guys make their own rules and try to follow them. For me, the main rule is not to invest more money than I can spend. I know that trading is a risky activity, and stay cautious.
member
Activity: 560
Merit: 13
CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .
To turn into a simple rule, we need to have capital, knowledge and discipline. These three virtues will give us a successful trade. In order to be a profitable trader;

1. We must have capital because we cannot execute a good trade or buy a position without our capital. Capital is one of the factors of production, the more capital we have, the more we gain money.

2. If we enter the world of trade, knowledge is important. Of course, we should know about the technical side of trading not just only buy and pray later. That is not enough to execute a trade because if we are prepared, a lot of tendency that we lose our money.

3. Discipline must be consistent! People who have this virtue will succeed. A person who can wait and don't have a greediness with their mind will become successful. There is a perfect time for everything and we must have the patience to wait for it.
full member
Activity: 421
Merit: 100
This tips are very good but to be successful trader, specific amount and time should be listed to give a realistic help for the new traders. So, to be successful you need friends that can helo or brainstorm with you for better analysis.
hero member
Activity: 2926
Merit: 636
This rules is good , because newbie trader will be apply this who are not enough knowledge to trading.
Every tipls, advice and every rules for trading is very important in trader to become successful to earn more money.
These tips will surely make an eye opener not just to the newbies out there but also to majority of the traders.Patience is still the best key to make a successful trading because it will really take time to wait for the right timing to trade and end up profitable.
sr. member
Activity: 1624
Merit: 267
This rules is good , because newbie trader will be apply this who are not enough knowledge to trading.
Every tipls, advice and every rules for trading is very important in trader to become successful to earn more money.
member
Activity: 546
Merit: 12
Successful traders are not in one day. This is a regular practice for many months in a row. You must go through various non-standard situations in order to have experience in this matter.
sr. member
Activity: 420
Merit: 250
I think this is not quite the branch where it can be discussed, but in General, you should just follow the rules of the investor, in order not to worry about their investments
full member
Activity: 644
Merit: 101
I was make some of these trading rules, but i always not discipline to follow it because my natural emotion and greedy. Expert  said to be successfuly of trader is 90% will be according to the pscycology of trader and only 10% according knowledge about technical and fundamental analysis. Only by keep learn and learn so later i could be become pro trader who always discpline with rules of trading and finally possible to earn consistently profit.
member
Activity: 378
Merit: 10
Those rules may help newbie traders. In addition to that make some reserch so that you may avoid some losses. This forum will help you a lot.
newbie
Activity: 154
Merit: 0
I can work with Bitstamp or Kraken. So there will be no delays to buy eth or btc fast.  If we follow all the said rules, we should come out successful in this industry. Many folks tend to do the opposite of what is needed of them to do. Some buy high and sell low in this market because of fear.
full member
Activity: 322
Merit: 100
CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .
As the two costs are climbing/down how do it the most ideal approach to purchase the token at the value I want?I can work with Bitstamp or Kraken. So there will be no postponements to purchase eth or btc quick. So first what to purchase better? Eth or btc. Second, when transfering to a trade like binance. There is a deferral and cost of token can move.
full member
Activity: 448
Merit: 102
Thank you anyway for sharing those rules, but to be a successful Trader you need to have an experience, it's not matter how many rules you are knowing and following it is positive but it's not the main thing.
You can’t assign it as factor for being good trader to be an experience person. How a person who is new into this world of trading can become good trader. Definitely he has to involve himself in different tasks and activities and then he start making his tenure filled with different stories. But a newbie can become good trader if he start to know in fresh days how to make good trading.
jr. member
Activity: 336
Merit: 1
2 points i like panic  and greed both these will kill the traders money if they can't control the emotion
sr. member
Activity: 756
Merit: 250
As good as listed rules are, you will still have to write and formulate your own rule to guide and protect you against emergencies and loss encounter during trading and investing in cryptocurrency.
yellowstone that the crypto currency has always been unpredictable and even following a certain rule, you still remain in the risk zone.
full member
Activity: 518
Merit: 100
As good as listed rules are, you will still have to write and formulate your own rule to guide and protect you against emergencies and loss encounter during trading and investing in cryptocurrency.
member
Activity: 308
Merit: 10

This is also a good way to make you profit in trading to avoid selling low prices
 when the price of commodities falls on the market it's okay to choose the coin you buy.

You should always avoid selling at low prices but every time the market is currently dumping its prices, most of the traders emotions are affected and in that way they lose their investments because they sell their coins at its lowest price.
full member
Activity: 759
Merit: 105
A very well written rules, newbies should take a note on it and it should of course apply on the field of trading. The more you do trading, the more you know how to applies each of those rules in the field.
member
Activity: 512
Merit: 10
These are some very useful gold rules, but you can have your own rules as well. Own priorities, best practices what worked for you  in the past.
Do not be greedy and always execute the  predefined trading plan without hesitation.
full member
Activity: 359
Merit: 100
CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .

Good tips mate, this Is really can help those newbie In crypto trading If they can read It now for their first experience In trading. And I guess It will minimize their losses from their first attempt In trading altcoins.
newbie
Activity: 67
Merit: 0
These are well thought out rules that would help any cryptocurrency investor or a would-be investor to make good decisions when investing. If we follow all the said rules, we should come out successful in this industry. Many folks tend to do the opposite of what is needed of them to do. Some buy high and sell low in this market because of fear. They do not follow the investment tips that they ought to follow.

Following the laid down rules would catapult you to massive gains

Well those are very informative guides and as a newbie on trading its a must to read and read more resources. We know that cryptcorrency trading is very volatile and please do extra carefull in making transaction. be sure you know what you are doing so as not to incur big losses.
Yes I also think that these are very good guideline for trading. I think that following these guideline we can become successful trader. I think that the most important in trading is to remain patient and study the market from time to time. We should always  prepare a good strategy for trading.
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