Topic: Good trading strategy for newcommer? - page 3. (Read 9937 times)

it will be risky if bearish occurs. I did not give the target what percentage of profit I should get, because certainly each time will be different depending on the market conditions. I usually see candlesticks on the chart, there are many strategies for reading candlesticks on the market, and it will give you signals when to sell and buy

Archive.
Great, you copy-pasta™ an article from Quora: https://www.quora.com/What-are-some-bitcoin-trading-strategies

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On topic: Follow these guys: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion.
You'll learn a lot of trading strategies (and memes) by reading the recent posts; and if you dare, backread the previous pages for historical data.
But there's no definite strategy here, its mostly cognitive and memory based work, you need to process the info you get from the news and bct posts to know "when is when".

Since it's certainly the Bull Run, you can enjoy a less risky trading at small corrections.

Most of the trading strategies for bitcoin are not unique to bitcoin and you can find them with any sort of commodity.  Bitcoin does have some unique properties to it...

1) It takes about an hour to verify a bitcoin.  This makes it extremely difficult to take advantage of a difference in price by buying bitcoin in one place and selling at another or exchange it with the help of Cryptocurrency Exchange Software. I think it would be possible to use this fact to somehow make money although I've tried a few things and none of them have really worked.

2) There are differences in transaction fee and volume on the different exchanges.

3) There is a strong connection between bitcoin trading and China.

The other thing is that the bitcoin markets are evolving rapidly, so I don't think it would be possible to do month to month trading since everything changes so much from month to month.  You might be able to find a pattern that will allow a day to day trading or week to week, but bitcoin trading is so volatile that I'm finding that bitcoin trading is a full-time job and one that doesn't pay particularly well.

With me, for example, I'm finding that bitcoin trading is part of my full-time job, and it does not pay enough to pay for my living expenses.  This is fine because I'm an entrepreneur and I have some cash reserves to fund my living expenses.  I figure if I automate some things, and get better at trading, I will likely make enough money to cover most of my living expenses, and if some of my other projects work out, I might be able to live a decent middle-class lifestyle, but even this is going take a lot of hard work.

The thing that I don't think I'll *ever* be able to do realistically is getting super rich by bitcoin trading.  I might be able to get super-rich by doing other things, but not bitcoin trading.  I might be able to make decent amounts of money, but if I wanted to maximize income, I never would have left (insert big investment bank).

Amnew and i lost arroound 1000 dpes this make me unable to work in the trading market

Good thing you have a good mindset about trading. Setting a target profit is good but based on my own experienced, 5-10% as a swing trader is enough for me. I don't to be so much greedy with 20-30% since 10% profits a day is big enough for my own beliefs. But please reconsider learning stop loss[/u]. If you want to be safe, i mean getting profits while the market is unstable, stop loss is a very significant thing in trading.


When i was a newbie before, youtube, google and this forum is my trading buddies. Honestly, it helps me a lot to improve my trading skills. Anyway, if you are a swing trader in bitmex, it has a calculator button in which you can compute your profits, loss and leverage.

Here's the sample image:

If you have a certain trust with your knowledge and skills you don't need to watch your assets from time to time, you just need to specify your position
from both entry and exit points, if you already have that target, then there's no need to keep looking but to wait till everything will be settled.

  The most important thing before we penetrate in trading, is to be cautious and study harder about the fundamentals to enhance our knowledge by dealing the consequences. Experience and wisdom will lead a way to contour the possible loses and it is about on how we create an accurate strategy to deliberate a liable output.

well to assure you can avoid risky situation especially lossing large amount of money, then always make a TA before putting your capital ,and to ensured that there's a good return in the future and less worries ,always trade a coin which is certain such finished project. It's  so simple but you should focus on it to monitor the price time on time.  

This is a good one but i think you are rolling with high budget since you are gaining big profit for sure because you can reroll it for 10% gain for the next trade.This is good for big traders will be profitable bigtime

Following the trend of a top coin with a huge market volume is the best strategy that works for me. With a tight stop loss in place , I can ride on the trend till my stop loss is hit. At least 2/1 reward to risk ratio is ok.

It's a good thing to educate ourselves and familiarize its nature and concept. Trading is not all about getting rich quickly, it takes time, hard work, and commitment. Get basic trading knowledge, set achievable trading goals, define clear strategy, never risk all money you have, evaluate your performance on a monthly basis, and control your emotions. Improve continuously, improve trading and self educate continuously.Nobody is born successful, but learning and practice both lead to high profits in trading.

It's a good thing that we're setting things and strategies ahead of time. We could actually make our own strategies and techniques which we could apply when we trade but we have to make sure about it. We have to do simple analysis. It would be a trial and error but it will succeed in time.

we cannot get the success in the beginning stage because it is the time for practice after the practice and get experience with only you can make the successful trading journey from that point otherwise following the strategy in the beginning stage will be difficult for everyone

I think you have to define very well what you want to do, because if you have a strategy based only on technical analysis it is difficult to do some trading either in any of the periods you choose to do.

For the porcelators you want to achieve are goals that we always want to achieve, but one thing is to say it and quite another is to carry it out, I think you have to learn to understand the market, because if you do not do it, choose any period of time to you make more failures than successes, many people enter in order to find quick profits, only if you have a good knowledge of what really happens in the market you can achieve it, however many times the analysis is invalidated.

I think that before doing any kind of operation you should read some authors, especially market speculators, but do not teach technical analysis, but they teach you or in your book they narrate in what ways they faced the market and how they solved and led to out their successes and failures.

Making a plan or strategy is one of a good decision in trading specially if you are newbie in trading industry, you should be aware also on the exchange platform on how to use limit order, stop order and market order, eventually I always use stop order to avoid losing so much money. You should also know what kind of trader who you are personally I'm a swing trader small gain is enough for me dont be greedy.

I will not encourage the mind of getting rich quick from Bitcoin or crypto currency in general because that kind of mind will definitely make take a wrong investment decision and that will not help you buddy. A long time hold will earn you what ever gain you are looking for in crypto currency particularly if you are holding coins like Bitcoin, ethereum and Bitcoin Cash e t c .

Depending your choice but if you do prefer on medium to swing trades then it isnt really a bad idea yet since you are still new on trading
it would be risky if you do make some active/short trades.One advice is that you shouldnt rush up on anything its good that you do start up
with small amounts that you can afford to lose.Mistakes are inevitable then you should able to handle it out specially emotion because this is
one of the most common factors that traders do mess up after making some mess.

actually right using the strategy the new people also make their beginning stage to be successful but everyone had to be wait for sometime stool and some steps for doing the better job it suits for trading also.

Trade with low leverage and put in a very small amount of money you are okay with completely losing in a few hours initially. Don't even try to touch higher leverage; most newbies end up with an empty account trying to trade with high leverage (and most people in general). Learn about trading and crypto in general, read up on how to trade and get yourself comfortable with an exchange you want to trade on, and in time you'll be off and trading on your own.

Try not to depend on other peoples' TA or advice too much, especially when you are starting out in trading. It's extremely important you learn to trade yourself and you aren't spoon-fed with calls. It is always best to make your own decisions in trading.

Taking small 2-3% profits daily is less risky.
All you have to do is first learn basics of Technical analysis so that you can know when there is a strong signal to buy. 2 to 3 percent is not hard to achieve in a short time and Once you achieve your target, always exit and never try to be so greedy.