This is definitely a wise way to trade in this volatile market. You must have to make up your mind and set yourself targets that you want to achieve. If market is going up, you should set targets to sell off even if the price is doubling every week. Dont be greedy in this trade. Some people would tell you to HODL but you need to know what you are holding.
Great article. It was indeed helpful
Topic: Four Keys to Success - page 2. (Read 1173 times)
You are a wise business who keep Bitcoin in a situation no buy the bottom, but buy it when going up. So safe for your pocket just catch up the market trading.
The market is unpredictable, and that is all what the newbies need to understand before starting to trade, because by this way, they will lose a lot of money if they do not follow those tips
For me the four key to success are patience, good communication,
can build good relationship to others and business minded that four characteristics can lead you in the state of success in this business.
can build good relationship to others and business minded that four characteristics can lead you in the state of success in this business.
I could agree with almost everything writtenas following the same principles. Nice summary of personal experience. I would stress out the importance of having a trading plan and sticking to it to save Your investment even if it is not on perfect entry or exit point. So discipline in execution is crucial in successful trading.
Discipline in life is going to help you every where irrespective be it trading or investing. Just ensure you do follow the certain principle and stick to it and do not get too much greedy which could lead to the downfall and this spoils everything .
I could agree with almost everything writtenas following the same principles. Nice summary of personal experience. I would stress out the importance of having a trading plan and sticking to it to save Your investment even if it is not on perfect entry or exit point. So discipline in execution is crucial in successful trading.
You are going to make living in some other country, but you don’t know how to go and what to do. What would be the first thing when you learn something about country and the ways and transport and other stuff? Definitely it would be planning. How you would be going in there and to meet which person and to go which hostel or hotel? Likewise you need to work and plan in trading.
I could agree with almost everything writtenas following the same principles. Nice summary of personal experience. I would stress out the importance of having a trading plan and sticking to it to save Your investment even if it is not on perfect entry or exit point. So discipline in execution is crucial in successful trading.
2. I have learned that protecting my money is the number one priority. Many people develop a sense of attachment to certain tokens. They will lock them away in cold storage, and HODL no matter what happens. But remember that even the most solid tokens will bleed heavily during a massive market correction. Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT. Remember that not everything will rebound. In the real world, 9 out of 10 traditional new businesses will fail within 5 years. Why would crypto, which is based upon brand new technology, be any different? This is why I believe in setting stop losses. Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.
3. The trend is my friend. When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market. At that point, I convert back into fiat and wait. I don't try to catch falling knives, which means buy crypto as prices are falling. I patiently wait until the market hits the bottom. But how do I know what the bottom is? I don't. I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.
4. By selling during a downtrend and buying during an uptrend, I make consistent profits. I don't have to know where the tops and bottoms are. And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money. Then I get back on the train and continue the ride upward. I may suffer a little FOMO, but nothing is really lost.
3. The trend is my friend. When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market. At that point, I convert back into fiat and wait. I don't try to catch falling knives, which means buy crypto as prices are falling. I patiently wait until the market hits the bottom. But how do I know what the bottom is? I don't. I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.
4. By selling during a downtrend and buying during an uptrend, I make consistent profits. I don't have to know where the tops and bottoms are. And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money. Then I get back on the train and continue the ride upward. I may suffer a little FOMO, but nothing is really lost.
Your trading rule and strategy is very simple my friend but powerful. Trend is friend, this is the most rule to be followed. Your strategy to protect your money first instead of looking the big profit is very beneficial.
For me, you learn best through experience, if you don't want to take risk first since (if) you're a newbie , you can use a trading simulator.
it will be easier if we start with a lot of capital because we can spread our investment to many types of coin crypto and in a very uncertain market situation, we better save our money first and do not spend coins first. because we have not been able to see market trends that show a stable sign
For me, you learn best through experience, if you don't want to take risk first since (if) you're a newbie , you can use a trading simulator.
it will be easier if we start with a lot of capital because we can spread our investment to many types of coin crypto and in a very uncertain market situation, we better save our money first and do not spend coins first. because we have not been able to see market trends that show a stable sign
Trade strategies provide opportunities to increase the likelihood of successful transactions, willing to give the merchant the ability to manage risk and profit relationships. Most trading strategies are based on data derived from indicators of technical analysis or fundamental analysis of systematic interpretation. A professional approach to making trading decisions on financial markets based on trading strategies that can help determine when to open and close positions.
I agree with you, some paid groups give a signal but the main purpose of trading not only gain profit but also learn the craft in the trade. I experienced Fomo too, this is not new for many traders out there, but the time will come you will learn from mistakes.
What I have been able to understand so far is the presence of perfect knowledge and perfect information that keeps you safe and successful in the market. This perfect information comes with research and study about the market and about the technology. You can also follow some good experts and also keep an eye in the market to see the demand for which coin is high and which coin has stable prices. This is only possible to understand in the presence of good understanding. Oh yes, it should always have to be on our opinion. We will learn and grow in this field with our personal thought. I believe in having a guide as what you have mentioned " Keys of Success". It guides and helps us not to get mislead by the wrong perceptions. I also have my own version of what I have learned from trading. 1st thing for me is discipline. Having this with us, we can be able to control ourselves until when to hold or is it about time to let go of it. 2nd, believe in yourself. Do not always believe to anyone who's telling predictions or where the market will go. We have our own mind and thoughts, listen more to your instincts. 3rd, make your own research. Study the market chart flow for you to recognize when is the right time to conduct trading. 4th, patience.in its downtrend period, try hard to hold as long as you can because at the end of the day, it will go nowhere but uptrend will soon come your way. Exercise to hold as if you were holding nothing.
Buy the coin in a low market and right after that keep the coins for long term means hold the coins so that you will not face with any loss of trouble. Wait for a better and a favorable market where the value of products or currencies in case of crypto market is high. Now sell the coins and get the profit if you are a strategic person then you will keep some amount of coins with your self for a test. 
i agree with no 1 but just dont close your ears because you dont want to hear them. remember this people are talking with dignity ang knowledge of the subject matter. you may not agree with their thoughts but i least you get something from them and use it to your advantage. at the end of the day its you to decide not them.
Yes and just take it as your guide but don't get yourself to the point that you'll depend all your trading moves. Honestly, I'm reading some statements of influencial people and somehow they actually help the market though all their statements are all speculations and nothing's certain. Yes it's still the best to do our research and follow what we think is best.
The four keys to my success are always cultivating knowledge about the cryptocurrency market in all aspects or wherever I am talking about the market I am interested in. Secondly, it is patience virtue that helps me out. The right decisions about the market. Third, I choose the potential projects and have the opportunity to earn great profits. And finally, I always put my trust in the development of the market and join them now and in the future.
my strategy are:
1. do bounty campain then sell bounty coins
2. if i buy coins, i'll analyse the market.
3. read news every day to make good decisions
If you don’t have enough of the funds to go for investing in any of the crypto coin, then it is better to participate in any of the bounty campaign in the beginning and then put in your best to make some good earning and then use your knowledge and those tokens to gather more money by doing the right thing at the right time. you must keep your nerves under your control for better results. 1. do bounty campain then sell bounty coins
2. if i buy coins, i'll analyse the market.
3. read news every day to make good decisions
the most important of all is Do not panic and do not open the order without a fixed calculation in the state of about and planned the main goal of each trader is to make profits and increase wealth by utilizing the price movement that's why we will get masksimal results.
Rather I will go for don’t be panic. This one trait can either make your financial life or just destroy that. Both aspects are there in this one aspect and now it is just me and you who you would be deciding to go for which one. We need to see the first aspect because that can help to make fantastic results at the end of day. Don’t be panic and make that an integral part of your mindset. 
the four keys to success in my opinion is to be patient, keep learning, do not listen to the words of people who are negative about ourselves and also must have a good friend, it is the key people who will succeed, my opinion so.
If you are talking about the keys to success in the world of the crypto currency, then those things are to gain as much information as you can regarding all the possible things, investing your money at the right time, making the right decision at the right time by keeping all the necessary things in your mind and above all, keeping your nerves under your control at tough times to avoid any unwanted situation.
I agree with you, some paid groups give a signal but the main purpose of trading not only gain profit but also learn the craft in the trade. I experienced Fomo too, this is not new for many traders out there, but the time will come you will learn from mistakes.
the four keys to success in my opinion is to be patient, keep learning, do not listen to the words of people who are negative about ourselves and also must have a good friend, it is the key people who will succeed, my opinion so.
If you are talking about the keys to success in the world of the crypto currency, then those things are to gain as much information as you can regarding all the possible things, investing your money at the right time, making the right decision at the right time by keeping all the necessary things in your mind and above all, keeping your nerves under your control at tough times to avoid any unwanted situation.Jump to: