Good trading strategy for newcommer? - page 2.

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: Bagaji on May 21, 2019, 02:38:39 PM

From my trading experience, I have come to realize that experience is the best teacher because if you continue to look for any secret about like one of my friend is to tell me so shall you continue to lose your money in trading. Try as much as possible to learn from your mistake and other people's mistake, in doing that your trading skill will improve significantly.

It will be cool if you find a guy who is trading and who is doing it for a long time. Join him, and watch which steps he is going each time he wants to trade. Naturally, you must not repeat his actions: it will be like a "Demo" how to work.

lovesybitz

sr. member

Activity: 868

Merit: 289

As a newbie it means you are empty cup, which is totally no idea about what you are trying to enter. You cannot go in the battle without training. You must walk through with it, same goes with trading in crypto and bitcoin. You need to learn and make some effort through research, tutorial video about in trading and etc.

SvonioneFromMangoCoinz

member

Activity: 663

Merit: 10

https://streamies.io/

Quote from: headlesschick on May 13, 2019, 06:27:55 AM

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

DCA is an effective buying strategy and you should apply it when purchasing power begins to weaken. You will be able to buy with good prices.
But I have an advice that you should choose exchange with stoploss function. It is really necessary for us because we cannot control the portfolio well as the amplitude of altcoin fluctuates.

Palodar

sr. member

Activity: 376

Merit: 250

Quote from: Bagaji on May 21, 2019, 02:38:39 PM

From my trading experience, I have come to realize that experience is the best teacher because if you continue to look for any secret about like one of my friend is to tell me so shall you continue to lose your money in trading. Try as much as possible to learn from your mistake and other people's mistake, in doing that your trading skill will improve significantly.

At first it will be hard, then as we push through we will eventually see how profitable trading is depending on our skills, strategies and knowledge. We will be able to see too that we learn and we gain without us noticing that we already get the fruit of our labor by being dedicated to be successful.

armarsterling7

member

Activity: 420

Merit: 10

Quote from: headlesschick on May 13, 2019, 06:27:55 AM

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

You have a great idea and plan for your catalog. I appreciate that. And I have a really good experience and it can help you in this early stage. I have also wondered at how much profit and stoploss to close at the beginning.
First of all, you should look closely at the altcoin trading chart and level that you are investing. whether its degree of fluctuation is large or not, from which you will be able to order a buy or sell more accurately.
Besides, remember, after you decide, you must not change it. You must follow your principles and not break it. create that habit and you will be very grateful to me for this experience in the future. Grin

pleasedont

newbie

Activity: 20

Merit: 0

Quote from: bonker on May 13, 2019, 02:41:52 PM

Following the strategies is one of the most important thing on it is the difficult thing also for everyone to keep it up for long time so my opinion is if you are following someone strategy will not work for you long time so making your own strategy will always helpful for you in all the situation in all the time.

Point taken, it is not a good thing if you are a copy cat and your way or your strategy will definitely varies on what are the ways you trade, where you trade, when you trade. We all have different perspectives in doing so. And also not all people sticks on trading, there are those individuals who use alternatives in order to earn not only through trading, i read about some who started playing in a casino because there are benefits and bonuses you can get and day to day trading can be tiring. As i have mentioned, casino, in which you will not only enjoy playing with the use of your mobile phone and Bitcoin, you can also save time and earn at the same moment. We must be smart in every move we are going to do because not all moments can be good to us, so be critical enough in analyzing the market at the same time do not easily believe in the fake news. Try different strategies so that you will mot feel lose in the end.

Bagaji

sr. member

Activity: 1330

Merit: 291

From my trading experience, I have come to realize that experience is the best teacher because if you continue to look for any secret about like one of my friend is to tell me so shall you continue to lose your money in trading. Try as much as possible to learn from your mistake and other people's mistake, in doing that your trading skill will improve significantly.

headlesschick

newbie

Activity: 10

Merit: 0

I can't even find a way to say big enough thank you for all of these tips! 3 pages of tips! I love you guys! I read through all of it and will read it again

I already implemented multiple of your suggestions (stopped trading 30% and am practising with 2% split into 3 parts). Also I really love the "babypips" website suggestion for Forex trading, there's a lot of very simplified and excellent information there. After all, the tools used for trading are almost the same, yet there are many more experts in Forex than in Crypto. There's just so much useful information and I'm really looking forward to research all of it (like it's possible to read everything lol).

Currently I'm traveling in rural area of Northern India and the connection is terrible, but when I'm back to Europe, I can't wait to get into crypto at least part-time

Sending much love from the top of the world - himalayas <3

P.S. should I mortgage my apartment for BTC? jk

DNadiema

brand new

Activity: 0

Merit: 0

Quote from: Trex0x on May 16, 2019, 02:49:13 PM

It’s better to make your own strategy anyway

So generalized answer

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Trex0x on May 16, 2019, 02:49:13 PM

It’s better to make your own strategy anyway

As a newcomer in trading, it might cost a lot of time and money for someone who doesn't have the right knowledge yet. Someone who can make their own strategy is a well-experienced trader already but for someone who doesn't have any single knowledge about it will literally burn their money before they realize what they were doing.

Trex0x

brand new

Activity: 0

Merit: 0

It’s better to make your own strategy anyway

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Bunsomjelican on May 14, 2019, 06:30:47 PM

As a new comer you can trade anytime you want as long as you have capital to buy coins in any of the exchange platform, then you can also learn anytime you want too. But even you have full knowledge about in trading, if you don't have money/investment your skills and talent in trading in the end still be useless.

Of course you need to study first the crypto market before starting to trade.Once you know the basics,you can start trading even with a small amount.The more you spend time on trading,the more likely you develop your own skills and strategies.You will surely make profits in trading as long as you never use your emotions but only your brilliant minds in trading.

Bunsomjelican

sr. member

Activity: 812

Merit: 251

As a new comer you can trade anytime you want as long as you have capital to buy coins in any of the exchange platform, then you can also learn anytime you want too. But even you have full knowledge about in trading, if you don't have money/investment your skills and talent in trading in the end still be useless.

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: headlesschick on May 13, 2019, 06:27:55 AM

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

I am going with only the flow of the current market situation whenever I think this time I need to take a break and hold my investment for some days then I decided not to read it more quickly so so it always being go with your mindset because reading is also like the half trusted investment so whenever anything happens you need to accept that then only you can be the perfect trader.

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

Quote from: CryptoLing on May 14, 2019, 12:59:41 PM

1. Learn first, about the basic stuff like Bitcoin and Blockchain
2. Study the basic stuff for charting if you wanna be a trader or learn crypto economics if you want to be hodler.
3. After you study all that stuff and confidence enough, do paper trading. Try to use your chart and trade the coin you want but only in paper so no money involve.
4. If you can make a profit in paper trading, now put small amount of money to do real trading.

Just remember this thing Crypto is fast game so DON'T BE GREEDY

You pointed out some good facts here. Learning is always first, creating a wallet, making first transactions in and out, learning about fees, and everything thats connected with wallets, online or hardware. Second is very important, nobody can tell you what is good, daily trading or holding, for some is better trading for others holding. I will have to add that firstly is holding, and building your bankroll, only later when you learned basics and you have some bankroll try trading.
Greediness is always a killer, who cant control that part will have bad experience in trading.

CryptoLing

member

Activity: 493

Merit: 28

1. Learn first, about the basic stuff like Bitcoin and Blockchain
2. Study the basic stuff for charting if you wanna be a trader or learn crypto economics if you want to be hodler.
3. After you study all that stuff and confidence enough, do paper trading. Try to use your chart and trade the coin you want but only in paper so no money involve.
4. If you can make a profit in paper trading, now put small amount of money to do real trading.

Just remember this thing Crypto is fast game so DON'T BE GREEDY

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: Slow death on May 14, 2019, 08:57:06 AM

Quote from: headlesschick on May 13, 2019, 06:27:55 AM

~

Have you seen the high volatility that the price has had since last week? in this crypto market it is increasingly difficult to do daytrade and it is very difficult to stipulate some profit goal per day, week or month. I would recommend that you buy and hold for more than 2 years ... because doing daytrade you will run a high risk of losing all your money

I don't think putting money in coin and holding it for 2 years is good strategy at all. I tried the same with Stratis and Waves in 2017 but after two years I am in loss of 60%. Crypto market changes very rapidly. The trendy coins of today may not be good coins for tomorrow. Crypto Market is very prone to news and FUDs. That's why I recommend shifting funds from one coin to other periodically so that your portfolio remain upto date with market trends. Stratis was trending in 2017 and was one of the Top 15 coin but in 2019 it is out of Top 50 coins. So my decision to hold it for 2 years was surely a wrong one.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: headlesschick on May 13, 2019, 06:27:55 AM

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

Have you seen the high volatility that the price has had since last week? in this crypto market it is increasingly difficult to do daytrade and it is very difficult to stipulate some profit goal per day, week or month. I would recommend that you buy and hold for more than 2 years ... because doing daytrade you will run a high risk of losing all your money

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

To be very much honest, there is no fixed strategy that gonna work second time.
I mean you will definitely face losses if you try it for the second time.
If you are a newcomer then i would suggest you only to invest with small amounts and understand the holy market first.
Moreover Just have confidence on yourself and you gonna surely make profit.
Good luck mate.

Sorye

brand new

Activity: 0

Merit: 1

Quote from: bonker on May 13, 2019, 02:41:52 PM

Following the strategies is one of the most important thing on it is the difficult thing also for everyone to keep it up for long time so my opinion is if you are following someone strategy will not work for you long time so making your own strategy will always helpful for you in all the situation in all the time.

Point taken, it is not a good thing if you are a copy cat and your way or your strategy will definitely varies on what are the ways you trade, where you trade, when you trade. We all have different perspectives in doing so. And also not all people sticks on trading, there are those individuals who use alternatives in order to earn not only through trading, i read about some who starged playing in a casino because there are benefits and bonuses you can get and day to day trading can be tiring. As i have mentioned, vegas casino offers this kind of perks, in which you will not only enjoy playing with the use of your mobile phone and Bitcoin, you can also save time and earn at the same moment. We must be smart in every move we are going to do because not all moments can be good to us, so be critical enough in analyzing the market at the same time do not easily believe in the fake news. Try different strategies so that you will mot feel lose in the end.

Topic: Good trading strategy for newcommer? - page 2. (Read 9937 times)