#Sell when you feel good.
I am not saying that this is wrong, you may have a good reason why you say "Sell when you feel good" however remember that in trading, your emotions are your worst enemy. Anything that you do, Buy, Sell or Hold should be backed by a study, there should be a reason behind it and not just because "you feel good". 
Topic: Follows these rules to be a successful trader - page 6. (Read 1051 times)
yes indeed we have to like tu to be a good trader for our level quickly rise and get bigger profit.
#Dont fall in love with one coin.
That is one hell of a correct rule if you are trading.
But when it comes to investing, there will be a lot of love to the coin. Hodling will be the best answer of all. Dump or pump you stay in the game.
Trading got a lot of unknown things that can happen anytime. Better do some great decision.
That is one hell of a correct rule if you are trading.
But when it comes to investing, there will be a lot of love to the coin. Hodling will be the best answer of all. Dump or pump you stay in the game.
Trading got a lot of unknown things that can happen anytime. Better do some great decision.
Crap, who wrote those rules? a teenager of less than 15 years old? Came on, we all know how bussiness works in here, and if you do not know how to trade, just buy a bot to do the work for you.
Those rules is really big help to those new on trading. I f they trade it really good if they have patience and choose what coins they are buying to avoid losing.
We get the bad dump then no worry since the market will recovery and also dont love only one coin. Always buy some several coin to separate the risk.
Thank you for sharing the valuable information, it is very helpful for an early trader. The most important as you said in this crypto world is, Having patience when trading, HODL them and sell it at a right time. Don't fall under FUD and sell your coins because of FOMO.
I think the most important are these: Always wait for right time to buy. Sell when you feel good.Don't fall in love with one coin. As for me, it is really difficult to be patient and wait for the right time to trade.
Will try this rules.
I would not advise you try them without at least learning the basics of trading first.If you do not know what you are doing based on your ability to analyze trends, knowing when to buy, when exactly to be selling and when you should be getting out, then I believe anyone in that category will be making some terribly big mistake because no rule will be saving you except your knowledge and it is because of the lack of that knowledge that so many traders always end up sticking to the first rule the OP mentioned which in patience even when they are already losing so much just because they have no idea when to be out of a trade.
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#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.
This is what I'd like the most, meaning it should always better to put a target price to your purchased tokens/coins just to avoid such kind of attitude. As long as you made a profit that's what matter than losing.
we often feel greedy for seeing the green colour and too confident it will last until the next day. And we never know what will happen tomorrow.
I'm just suggesting do not waste a small profit already earned while still expecting big profits that do not necessarily come.
I'm just suggesting do not waste a small profit already earned while still expecting big profits that do not necessarily come.
By following those rules above are really helpful to be a successful trader. Patience, never panic selling and you are willingly to risks for the aim to have profit. We can be successful trader if we are determined for our goal and it follows.
Most traders forget to understand these principles you have listed and there are following shadows. Looking for pump and dump group to going in other to make money without analyzing the market themselves. Patience is the keys and anything that will make you money most last long that is it takes time for you to makes money from trading.
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 .
#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 .
I think your suggestion is very good because you have certain strategy to do trader. but I myself do not have the courage to do trader because I am afraid to pick the wrong coin and finally I will lose money. I also have difficulty in analyzing the market for more than 1 coin.
Those rules mentioned above is a big help for those who lack of knowledge about doing trading especially newbies who want to enter in trading. But unfortunately because of being hasty and greedy they're always panic when there's a issue and always regrets after the scenario. Lol this rules is useless especially if your heart is aching while seeing your money disappearing gradually.
Oh...for me the most hurting from all this list was actually do not fall in love with one coin, hehhe. i love one for now.
These rules may sound so simple to expert traders but it really makes sense to me because they are the basics for new traders. I have personally been applying some of the rules and its been very helpful to me. But i also object to your claim that "don't fall in love with one coin" For all we know you are in love with a particular coin and how you wish you get hold of some" It is possible to love a particular coin especially the coin that brought you a hit. I wouldn't invest in a coin that has less value. I think it is good to sell when the market is good and hold when the market is down.
I agree with each of the guidance provided. Very helpful. However, there are few of points I just wanted to add to them, maybe this helps:
1. We should always do our own research, and try to learn the basics of TA
2. Fundamentals also play an important role so keep a tap on the news and events happening for a particular coin/technology
3. Always invest in coins, which have a legible and proof of prototype already built. I mean the technology. The team supporting the technology should also be taken into consideration. Even if the value of the coin dumps during FUD, it will certainly go up over a period of time as the technology and the team supporting is good
4. Social media creates a lot of hype (positive or negative), avoid being carried away
5. When I trade, I pick trade in max 3-5 currencies. So I don't put all in one bucket and also don't dilute by investing in all the coins. This also depends on the kind of trading style we have. So we need to be sure whether we are going to do daily trades, or swing trade or positional.
6 Try not to invest everything. Save some to invest during the rainy days.
Hope this help!
1. We should always do our own research, and try to learn the basics of TA
2. Fundamentals also play an important role so keep a tap on the news and events happening for a particular coin/technology
3. Always invest in coins, which have a legible and proof of prototype already built. I mean the technology. The team supporting the technology should also be taken into consideration. Even if the value of the coin dumps during FUD, it will certainly go up over a period of time as the technology and the team supporting is good
4. Social media creates a lot of hype (positive or negative), avoid being carried away
5. When I trade, I pick trade in max 3-5 currencies. So I don't put all in one bucket and also don't dilute by investing in all the coins. This also depends on the kind of trading style we have. So we need to be sure whether we are going to do daily trades, or swing trade or positional.
6 Try not to invest everything. Save some to invest during the rainy days.
Hope this help!
Will try this rules.
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 .
That's a good tips to be a trader but above all you should use your common sense as you will be responsible for your action. Do a research in every coins you want to put your money and decide at your own risk. #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 .
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 .
#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 .
I am strongly agree with your rules, I think it was a very good rules to follow especially to the beginners out there. As a trader, I learn a new tips to follow in trading.
You are right about in profit is profit because based in my experience I always wait to increase the price before I sell it but I end up regret it because the price is become lower and lower. However, regret is part of trading and we all learn from our mistakes. Just better luck next time and do not always think that you need a high market price before selling it.
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