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Topic: Good trading strategy for newcommer? (Read 9937 times)

hero member
Activity: 1008
Merit: 501
May 30, 2019, 01:18:53 AM
#67
I recommend to put the percentage of profit in the area of 30% and download a mobile application of the top exchanges, where you can put yourself a notification of the achievements of a certain price, the market is not yet growing very rapidly and there are opportunities for shorts
Idea is not bad but the crypto price movement especially that of the Bitcoin is following increase trend and it seems to be happening rocketing blast in the near future. Better traders start investing in the coins right now so as to make a better collection. With this much additional quantity they would be able to have a great profit after the price pumps. New traders should always learn rather than doing more in crypto trade.
full member
Activity: 1050
Merit: 100
May 29, 2019, 10:50:11 PM
#66
You can record each of your transactions simply in a notebook. The main thing to write why you bought this coin and what price you want to achieve. Then you can sell this coin completely and then buy it again after the price rollback.
if you are a long-term investor you can do that, but if you are a daily trader you need action that is more simpler and faster, you can't write it down on the many coins you bought that day right? You just need to be good at remembering, good at analyzing, and good at reading opportunities to buy and sell
I disagree, regardless of the type of trader that you are keeping a trading journal is critical for your success, after all how are you going to learn from your mistakes if you do not take the time to analyze them, memories fade and if you are a short term trader this is even more common since it will be impossible to remember all the conditions of the different markets in which you traded in a single day, so in my opinion it is not only important to keep a trading journal you should also keep pictures of every market in which you traded, even if all of this may seem time consuming it is something that must be done if you really want to improve your trading skills.
I think the candle trip will repeat and there is nothing new. hence from this experience is needed to adapt to the market. especially for short-term trading, of course technical analysis will be the main weapon
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 29, 2019, 08:41:28 PM
#65
You can record each of your transactions simply in a notebook. The main thing to write why you bought this coin and what price you want to achieve. Then you can sell this coin completely and then buy it again after the price rollback.
if you are a long-term investor you can do that, but if you are a daily trader you need action that is more simpler and faster, you can't write it down on the many coins you bought that day right? You just need to be good at remembering, good at analyzing, and good at reading opportunities to buy and sell
I disagree, regardless of the type of trader that you are keeping a trading journal is critical for your success, after all how are you going to learn from your mistakes if you do not take the time to analyze them, memories fade and if you are a short term trader this is even more common since it will be impossible to remember all the conditions of the different markets in which you traded in a single day, so in my opinion it is not only important to keep a trading journal you should also keep pictures of every market in which you traded, even if all of this may seem time consuming it is something that must be done if you really want to improve your trading skills.
pey
sr. member
Activity: 546
Merit: 251
Free Crypto in Stake.com Telegram t.me/StakeCasino
May 29, 2019, 11:05:46 AM
#64
Very good strategy: If you are very newcommer do nothing, not trade any coin because it seems like everything is already cheap and going to rise, so just buy and wait.
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
May 29, 2019, 11:00:22 AM
#63
Observe carefully and don`t rush on your decisions if you want to survive and get successful on trading. You must also need to familiarize the trading platform you are putting your money. Don`t be emotional and set goals.
Control our emotion is important thing in trading. When we get Fomo, it means bad thing will come because follow our emotion will make us do anything that market want us to do. Like easily trappen in bull or maybe bear trap.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
May 29, 2019, 08:09:14 AM
#62
You can record each of your transactions simply in a notebook. The main thing to write why you bought this coin and what price you want to achieve. Then you can sell this coin completely and then buy it again after the price rollback.
If you have this type of practice you can organize your investment well, the market always have its ups and downs so make a proper preparations,
stick with your system and have a lots of patience to wait, sets your targets and make a use of your created strategy based from what you've set
it and keep it that way.
sr. member
Activity: 798
Merit: 255
May 29, 2019, 07:54:07 AM
#61
Observe carefully and don`t rush on your decisions if you want to survive and get successful on trading. You must also need to familiarize the trading platform you are putting your money. Don`t be emotional and set goals.
full member
Activity: 1162
Merit: 101
May 29, 2019, 03:58:38 AM
#60
I recommend to put the percentage of profit in the area of 30% and download a mobile application of the top exchanges, where you can put yourself a notification of the achievements of a certain price, the market is not yet growing very rapidly and there are opportunities for shorts
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
May 29, 2019, 01:44:51 AM
#59
You can record each of your transactions simply in a notebook. The main thing to write why you bought this coin and what price you want to achieve. Then you can sell this coin completely and then buy it again after the price rollback.
Buy low and sell high is the strategy will make us profits no matter of anyone will do that but choose the trading if you are ready to lose your capital because sometime it will take years to get the sell price higher than the bought prices or just be the holder where you no need to worry about the price swings.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
May 28, 2019, 11:23:17 PM
#58
Don't set your profit too high or more than 5% because that will too difficult for you since you are still learning in trading. You can set it to 1% until you can analyze the chart with good so you can increase the percentage of about 2%-3% while you still learning more. But if you can master the analysis in a short time, then you can increase for more than 5% for every trade, but you need to find the right coin to trade.
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
May 28, 2019, 06:43:54 PM
#57
Dear crypto cummunity,

I'd like to ask you to point me in a somewhat right direction.

I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.

I believe I've come to a point where I would like to start practising some medium-term/swing trading. My hope is that some of you, experienced traders, have some references to some trading strategies. Should I do DCA and hodl 50% and trade the rest? At what percentages is it wise to take profits? 30/50/65%? I only trade the money that won't make me go bankrupt, but I'd love to become good at reward/loss management and start somewhere.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good carma back to the cummunity when I become good at this Smiley
Most mistake newcomers in crypto always do is, they keep looking at Portfolio when the market is shaking. That alone puts fomo to one's self. And also we should mind the exchangers and groups we belong to. Don't take part in P&D it will burn out your capital.
sr. member
Activity: 1162
Merit: 251
May 28, 2019, 04:57:08 PM
#56
You can record each of your transactions simply in a notebook. The main thing to write why you bought this coin and what price you want to achieve. Then you can sell this coin completely and then buy it again after the price rollback.
if you are a long-term investor you can do that, but if you are a daily trader you need action that is more simpler and faster, you can't write it down on the many coins you bought that day right? You just need to be good at remembering, good at analyzing, and good at reading opportunities to buy and sell
full member
Activity: 810
Merit: 101
May 28, 2019, 04:20:20 PM
#55
You can record each of your transactions simply in a notebook. The main thing to write why you bought this coin and what price you want to achieve. Then you can sell this coin completely and then buy it again after the price rollback.
member
Activity: 316
Merit: 10
May 28, 2019, 03:33:45 PM
#54
You have to determine the profit target but don't be greedy because the goal is to implement basic strategies and gain knowledge about trading
full member
Activity: 742
Merit: 100
May 28, 2019, 02:05:01 PM
#53
If you want to know the right decision about trading, then I think that you have to gain a good knowledge of trading. If you do not have good knowledge about trading then you can't success in your trading. So I think you have the basic idea about trading. The first thing in the basic issues of trading is emotions. Money management will come in the second step. If you can not control the emotions, then you should not start trade, because the first issue of trading is that, you have to control your emotions, so learn to control emotions first and then start trading. I think you will get good results if you control your emotions. Lear accurate knowledge about money management.
member
Activity: 546
Merit: 17
May 26, 2019, 07:46:30 AM
#52
First you have to learn about technical analysis and fundamentals in trading, if you already understand, then the next is money management, because the basic foundation of techniques like this is very important so that we profit in our trading
full member
Activity: 700
Merit: 102
May 26, 2019, 07:27:40 AM
#51
Trading might looks easy but trust me its not.You need to be extremely skilled with analysis to be more successful through crypto trading and sometimes it work in the wrong way as well so better try to learn initially by making small amount of profits and keep it growing as much as you can.

Even if you are not skilled traders you can go on trading because the best way to learn trading is your esperienced  this will give you idea when the right time to exit/enter in the market.
For newcommers or newbie in this kind of industry need to learn first the basic of trading how its work where is the best trading site to do trading then after that apply your learning to make a profit always remember trading is not a lambo there will be a time you will lose then that losses make an inspiration to make profit.
Definitely we can make profits even when you are newbie but intention of getting rich soon by trading when you are still newbie will not work and make more losses than profits by doing trading like that.
I think to be rich, you have to be patient in terms of traders unless you have big capital and again we have to be patient because the results of patience are real satisfaction
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
May 26, 2019, 03:54:21 AM
#50
Trading might looks easy but trust me its not.You need to be extremely skilled with analysis to be more successful through crypto trading and sometimes it work in the wrong way as well so better try to learn initially by making small amount of profits and keep it growing as much as you can.

Even if you are not skilled traders you can go on trading because the best way to learn trading is your esperienced  this will give you idea when the right time to exit/enter in the market.
For newcommers or newbie in this kind of industry need to learn first the basic of trading how its work where is the best trading site to do trading then after that apply your learning to make a profit always remember trading is not a lambo there will be a time you will lose then that losses make an inspiration to make profit.
Definitely we can make profits even when you are newbie but intention of getting rich soon by trading when you are still newbie will not work and make more losses than profits by doing trading like that.
full member
Activity: 798
Merit: 104
May 26, 2019, 02:47:20 AM
#49
Trading might looks easy but trust me its not.You need to be extremely skilled with analysis to be more successful through crypto trading and sometimes it work in the wrong way as well so better try to learn initially by making small amount of profits and keep it growing as much as you can.

Even if you are not skilled traders you can go on trading because the best way to learn trading is your esperienced  this will give you idea when the right time to exit/enter in the market.
For newcommers or newbie in this kind of industry need to learn first the basic of trading how its work where is the best trading site to do trading then after that apply your learning to make a profit always remember trading is not a lambo there will be a time you will lose then that losses make an inspiration to make profit.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
May 26, 2019, 02:42:42 AM
#48
Trading might looks easy but trust me its not.You need to be extremely skilled with analysis to be more successful through crypto trading and sometimes it work in the wrong way as well so better try to learn initially by making small amount of profits and keep it growing as much as you can.
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