The only thing that we should watch out is the dip, we should look at the right dip as price could still go down, and that's another potential value if you ever purchase close to its lowest price. Selling is not a problem as anytime you can sell according to your targeted profit, and you just need some discipline in order to pull the trigger to sell.
On a particular coin, I think its not hard to find as in general we are dealing with a very volatile market.
Topic: Good advice Here About Main coins btc and eth Trading as full income (Read 240 times)
November 30, 2020, 09:32:42 AM
November 30, 2020, 08:54:20 AM
If You want trading to be your full time income trade with high volatility coins with good volume and they are not with too Low markcap
Atom, xlm, stellar, dash, yfi,
When to Buy and when to sell?
Buy when Price are " red " Sell when its a profit If it goes lower Don't sell Wait Even 1 week until it bounces back but Don't sell it with lower price!
The Secret of this:
Well the Good volume coins will always bounce back there is always buyers and sellers, If You Buy with red price -5 to -10 the average pre% are for those coins 20-40% in 2 days time period.
So even you Buy with -5% red the coin will Go just 10% Up... You made 5% profit.
Suppose if 2017's bull run returns, Bitcoin is at a price of $ 20k and you still use this strategy? As I see it, if you stick to this strategy, there is a high chance that the value of your portfolio will drop by almost 10 times at that point
So to make your advice more valuable, add context and cues so that we will make it easier to visualize.
November 30, 2020, 08:37:26 AM
My advice is simply do the strategies that are suitable in you; you can do swing trading, scalping or position trading depends on what skills that you have. Your advice is so messy wherein you just said buy in dips, what if you bought at dips and then suddenly bear market occurs of course there will be another dip that can cause you to have huge losses. I just wanted to agree with you that if you will trade make sure that the coin have high market capitalization because it indicates that the coin is not a shitcoin because usually the shitcoins have low market capitalization. It does not matter on what kind of trader are you, for me what matter is if the strategy that you are currently using is applicable and useful to you. Not all of the strategies can be use by everyone and it is the reason why we should find the right trading system. Being a fulltime trader is really hard at the start because you are not yet used to the volatility but once you gain experienced and knowledge, expect to that you can make huge gains.
November 29, 2020, 06:32:23 PM
Your advice is basically buy low, sell high. You can't say that the price always comes back up. Remember that past price history is not an indicator of future price action.
In my opinion altcoins are much more riskier than Bitcoin. I would rather enter a long leverage position in this bullish environment than make a bag of altcoins. Just my 2 cents, though...
In my opinion altcoins are much more riskier than Bitcoin. I would rather enter a long leverage position in this bullish environment than make a bag of altcoins. Just my 2 cents, though...
You never Invest all your postion
If You hold 100$
You Only Will Invest Total of 70$
You Leave always 30% emernchy cash on the side in case big drop suddenly might coming!
But I do always with 60% and im Holding 40% cash in case I see some Good low buying Opportunity.
Just try my Method one week or two week youll see its miracle
November 29, 2020, 06:29:24 PM
Don't day trade Don't swing eth ltc btc..
The point is to accumalate USDT
Trade altcoins hold bitcoin that's my 2 cents and I'm sure most users will agree with me on this. You think you're profiting with the bags of altcoins you're holding but typically you're losing Satoshi in the process. You mostly gain in USD which if you were just holding your bitcoin instead of trading them for altcoins you must have made double the profit you're currently making with the alts you're holding.
There's this saying that 'alts were created to steal your bitcoin' and to some extent that statement is true. Take the Ethereum value in Satoshi two months back when bitcoin was struggling around the $9-$10k price to compare to now the price is trading around $18k+. You'll observe you would had been better off holding your Bitcoin instead of trading them for ethereum irrespective of the price appreciation Ethereum has recorded in USD.
legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
November 29, 2020, 03:54:53 PM
Don't day trade Don't swing eth ltc btc..
Trade altcoins hold bitcoin that's my 2 cents and I'm sure most users will agree with me on this. You think you're profiting with the bags of altcoins you're holding but typically you're losing Satoshi in the process. You mostly gain in USD which if you were just holding your bitcoin instead of trading them for altcoins you must have made double the profit you're currently making with the alts you're holding.
There's this saying that 'alts were created to steal your bitcoin' and to some extent that statement is true. Take the Ethereum value in Satoshi two months back when bitcoin was struggling around the $9-$10k price to compare to now the price is trading around $18k+. You'll observe you would had been better off holding your Bitcoin instead of trading them for ethereum irrespective of the price appreciation Ethereum has recorded in USD.
November 29, 2020, 03:36:07 PM
Your advice is basically buy low, sell high. You can't say that the price always comes back up. Remember that past price history is not an indicator of future price action.
In my opinion altcoins are much more riskier than Bitcoin. I would rather enter a long leverage position in this bullish environment than make a bag of altcoins. Just my 2 cents, though...
In my opinion altcoins are much more riskier than Bitcoin. I would rather enter a long leverage position in this bullish environment than make a bag of altcoins. Just my 2 cents, though...
November 29, 2020, 03:03:11 PM
Don't do this; don't do that; don't do those can be tiring especially for newbies. So to some extents i will say do you, be yourself. do what works for you as long as you can continue to take profits efficiently. Thats all thats matter to you. My strategy may not work for you; your strategy may not work for me and thats more reason why you should be you, but do your own research
Very good advise. There are traders who are teaching strategies that are working for them. But, you will see that traders who follow those advise will always have a division of those who don't see it effective for themselves once they're trying to apply it to them.Sometimes a trader can earn from his trades by just selling at anytime as he wishes and without looking for signals or whatsoever. If he thinks that it's good time to sell and he's comfortable with it, that's the best time to sell.
November 29, 2020, 02:00:28 PM
if the coin are moving then this method works i cant belive i even share this method for free !! and still you guys dont get it how good it is
If you bought a coin in fomo then what you expecting willl not always happen take a look at 2018 graph to understand why . There are many traders lose a lot that time for positioning a wrong entry thinking they are buying it in deep where actually there is another deep waiting.
5% to 20%trade is good enough to earn in daily trading, but the position we have right now is not good to enter since we are almost near to ATH of bitcoin. And look at other crypto graph you will see that this is also the highest price of every crypto this year you may get stuck suddenly and you will regret taking risk buying it that price.
November 29, 2020, 01:38:06 PM
Don't do this; don't do that; don't do those can be tiring especially for newbies. So to some extents i will say do you, be yourself. do what works for you as long as you can continue to take profits efficiently. Thats all thats matter to you. My strategy may not work for you; your strategy may not work for me and thats more reason why you should be you, but do your own research
November 29, 2020, 01:20:28 PM
Nothing new, do you believe it would work as you describe? According to you, if follow this step then no one will lose. But I don't think it's possible. Remember, when you are selling a coin then someone is buying on the other end, same as when you are buying, someone selling on the other end. If someone buys on 'red' and the coin does not bounce back for a longer then you have to lose. Otherwise, you have to wait for long as well which would consider as HODL. Rather, if you buy in green and you on the green with small profits then it would be better. For both tradings, you should have a good experience. Because most newbies traders have been losing their funds due to lack of enough experience and experienced traders getting advantage of it.
if the coin are moving then this method works i cant belive i even share this method for free !! and still you guys dont get it how good it is
November 29, 2020, 01:16:25 PM
So many good coins, so little money. Thansk for the advice. Im sure that many people here will need it.
Holding is currently the best strategym dont try to swing because you will soon regret if your coin hit new all time high. For margin traders, long is the best option. Dont try to short or you will burn your whole balance
At these time we can really see holding works, just wait for the moments we're in the coins are in bullish, this applies to top altcoins that is able to experience some changes in price whenever they have news or updates, but fulltime trader or day trader can also still do earn a lot if they already Master how to trade the one's creating hype as well knowing when to get gains and stop losses. It's all about getting advantage of their time to trade it. Holding is currently the best strategym dont try to swing because you will soon regret if your coin hit new all time high. For margin traders, long is the best option. Dont try to short or you will burn your whole balance
November 29, 2020, 01:12:18 PM
Nothing new, do you believe it would work as you describe? According to you, if follow this step then no one will lose. But I don't think it's possible. Remember, when you are selling a coin then someone is buying on the other end, same as when you are buying, someone selling on the other end. If someone buys on 'red' and the coin does not bounce back for a longer then you have to lose. Otherwise, you have to wait for long as well which would consider as HODL. Rather, if you buy in green and you on the green with small profits then it would be better. For both tradings, you should have a good experience. Because most newbies traders have been losing their funds due to lack of enough experience and experienced traders getting advantage of it.
November 29, 2020, 01:08:04 PM
The way I read it seems like a plan in the future only for OP but thanks for the advice though. It's normal to lose some when trading but without a concrete plans on how to minimize the risk is a total lost. You were chasing losses there if you haven't figured it out but hopefully you won't make the same mistake again in the future.
Know that not every coins aren't the same, it's hard to tell though even if you say they have a good volume. There's a lot of factors that you need to consider a good coins but for me choosing the top coins is enough already.
Know that not every coins aren't the same, it's hard to tell though even if you say they have a good volume. There's a lot of factors that you need to consider a good coins but for me choosing the top coins is enough already.
November 29, 2020, 01:07:00 PM
Well the Good volume coins will always bounce back there is always buyers and sellers, If You Buy with red price -5 to -10 the average pre% are for those coins 20-40% in 2 days time period.
So even you Buy with -5% red the coin will Go just 10% Up... You made 5% profit.
This is just a straight false. Not all good volume would bounce back, many crypto have huge volume at first yet the investors are constantly exiting. This is a huge danger when you would just advice some investors to spend huge money on a crypto just because it has a good volume and the price 'seemingly' would go up in just days. Hence, not all cryptos go up. If you are a real trader that had so many loses in trading, you would just be laughing with your own advice and illusions that cryptos can and would always be going up.
I must agree with @joniboini the context with OP's thread is too general and mostly are presumptions. If giving advice to the newbies regarding the crypto space and how to trade it should be more specific and the detailed information for it could mislead the newbies on how to handle the volatility of bitcoin and other cryptocurrencies.
It appears to me that OP is in a hurry when he created this thread the shorten all the topics and didn't even provide any supporting information that will make his idea viable.
this is works even for pro traders, try this youll see it yourself.It appears to me that OP is in a hurry when he created this thread the shorten all the topics and didn't even provide any supporting information that will make his idea viable.
Well then I consider myself as a pro trader and I've seen the opposite of your advice
November 29, 2020, 12:57:22 PM
I must agree with @joniboini the context with OP's thread is too general and mostly are presumptions. If giving advice to the newbies regarding the crypto space and how to trade it should be more specific and the detailed information for it could mislead the newbies on how to handle the volatility of bitcoin and other cryptocurrencies.
It appears to me that OP is in a hurry when he created this thread the shorten all the topics and didn't even provide any supporting information that will make his idea viable.
It appears to me that OP is in a hurry when he created this thread the shorten all the topics and didn't even provide any supporting information that will make his idea viable.
this is works even for pro traders, try this youll see it yourself.
November 29, 2020, 12:51:33 PM
I must agree with @joniboini the context with OP's thread is too general and mostly are presumptions. If giving advice to the newbies regarding the crypto space and how to trade it should be more specific and the detailed information for it could mislead the newbies on how to handle the volatility of bitcoin and other cryptocurrencies.
It appears to me that OP is in a hurry when he created this thread the shorten all the topics and didn't even provide any supporting information that will make his idea viable.
It appears to me that OP is in a hurry when he created this thread the shorten all the topics and didn't even provide any supporting information that will make his idea viable.
November 28, 2020, 06:22:13 PM
So many good coins, so little money. Thansk for the advice. Im sure that many people here will need it.
Holding is currently the best strategym dont try to swing because you will soon regret if your coin hit new all time high. For margin traders, long is the best option. Dont try to short or you will burn your whole balance
Holding is currently the best strategym dont try to swing because you will soon regret if your coin hit new all time high. For margin traders, long is the best option. Dont try to short or you will burn your whole balance
November 28, 2020, 05:29:08 PM
When to Buy and when to sell?
Buy when Price are " red " Sell when its a profit If it goes lower Don't sell Wait Even 1 week until it bounces back but Don't sell it with lower price!
1 week? for a newbie that's risky. It's ok to cut loss and then find a better coin that has a better days than remain on that coin being stuck. But you're giving a good advice for the people who want to give themselves knowledge in trading. It's still needed to have experience and then they'll soon learn how trading is risky even with your plans, volatility will surprise you.Buy when Price are " red " Sell when its a profit If it goes lower Don't sell Wait Even 1 week until it bounces back but Don't sell it with lower price!
Be more careful with YFI as this coin has deep down level... And also the big Up level...
It can go a lot down in short period of time and same time it can go a lot up !!
With many of them in existence, this is a good advice but at the side of going down. It's better not to invest on it and just buy those top coins you've mentioned. It can go a lot down in short period of time and same time it can go a lot up !!
November 28, 2020, 03:17:04 PM
Buy when Price are " red " Sell when its a profit If it goes lower Don't sell Wait Even 1 week until it bounces back but Don't sell it with lower price!
This is too general and probably not good advice for newbies. At what point does red mean it is a good time to buy? What if it's the start of a downtrend? Why 1 week? So there's no need for a cut loss? I'd rather suggest them to learn about risk management and how to decide entry/exit point instead of giving a very specific instruction with little to no context like this.
Jump to: