Growing Account Size - page 2. | Bitcointalksearch.org

batang_bitcoin

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Quote from: wxa7115 on March 02, 2024, 02:27:47 AM

Quote from: batang_bitcoin on March 01, 2024, 05:46:06 PM

While there are traders that can manage risks properly in leverage. Some newbies out there think that they can handle the heat of it and can go as much as they can. As what Vitalik said, don't go more than 2x of leverage and that's enough already. Because when you go more than that, you're gambling and you don't know what you're doing. But what's funny is that there are people that are going more than 10x, 20x and even more. Well, that's their money to trade and they can handle it as much as they can. Lessons really will be there but you have to deal with them through expensive experiences.

Leverage is often sold as an amazing tool which will allow traders with a low capital to make the same profits as another trader with much more money on their accounts, but anyone using leverage as big as 10x or more has no chance to last more than a year doing that.

But the worst part is that this will teach really bad habits to those traders, since from that moment on they will find very difficult to trade without leverage, as the profits they may get will look to be very small compared to what they could get before by using leverage, even if at the end they lost it all.

I do agree with those traders that only use small capital and leverage higher and that's fine because those amounts are affordable to lose. But when someone becomes greedy and tries to calculate how much it could be, the problem goes with that big money and being put into high leverage, that's a crazy deal that he's trying to make. Experience will teach everyone how to get low off of themselves so that they are not going to be as aggressive as what they seem to think.

kentrolla

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Apart from the basics you have mentioned like have proper strategy and not over leveraging one needs to build multiple strategies over the time because same strategy may or may not work for eternity hence I would suggest to create strategies by combining more than one technical indicators and back test the data as this should be a daily or Bi-Weekly exercise to identify the one which is most suitable strategy.

The most important thing is don't believe in the so called influencers or crypto gurus you find on internet and also stay away from subscription based crypto signal channels. It all about TP/SL strategy and indicators.

wxa7115

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Quote from: batang_bitcoin on March 01, 2024, 05:46:06 PM

While there are traders that can manage risks properly in leverage. Some newbies out there think that they can handle the heat of it and can go as much as they can. As what Vitalik said, don't go more than 2x of leverage and that's enough already. Because when you go more than that, you're gambling and you don't know what you're doing. But what's funny is that there are people that are going more than 10x, 20x and even more. Well, that's their money to trade and they can handle it as much as they can. Lessons really will be there but you have to deal with them through expensive experiences.

Leverage is often sold as an amazing tool which will allow traders with a low capital to make the same profits as another trader with much more money on their accounts, but anyone using leverage as big as 10x or more has no chance to last more than a year doing that.

But the worst part is that this will teach really bad habits to those traders, since from that moment on they will find very difficult to trade without leverage, as the profits they may get will look to be very small compared to what they could get before by using leverage, even if at the end they lost it all.

Tigerheart3026

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Quote from: adaseb on March 02, 2024, 12:15:37 AM

My advice if you don’t have alot of capital is instead of leverage trading to just do some airdrop farming instead. If you search around you can find many potential airdrops like Zksync or Layerzero.

You just use their network and can get a small reward if they release an airdrop for their governance token. Look at ARB or BLUR or DYDX in the past. The airdrops were huge and required minimal effort. This is much easier than leverage trading and blowing up your account.

i know a bit about zksync airdrop platform but i didn't try to farming or like that. how much amount i need to put or staking in the platform to eligible in the airdrops?
and how many months i need to keep hold my tokens in the zksync? there are many big airdrops launched in such platforms but i can not participate till now.

Julien_Olynpic

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I believe that in trading you need to work on defense. Because there is a simple law: any deposit is more sensitive to losses and drawdowns than to profits. If you have lost 30-33% of your deposit, then in order to return the deposit to its previous size, you need to make a 50% profit. If you have lost 50% of your deposit, then in order to return to the previous amount you need to make 100%, which is not so easy. And in the case of a 75% loss, you will need to do x4, which will generally require extraordinary efforts from you.
Therefore, risk management is much more important in trading. Yes, you need to take risks; without risk you cannot increase your deposit. But you need to calculate the risk in such a way that even in the most unfavorable case you have a sufficient deposit for further trading. The market will not leave us anywhere. It will be tomorrow and the day after tomorrow and in a week and in a year. And most likely in 10-20 years, most likely we will also have the opportunity to trade on the market. But we will not be able to trade if we do not have a deposit left. It is better not to make a profit than to suffer a significant loss or significant drawdown of the account.

adaseb

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My advice if you don’t have alot of capital is instead of leverage trading to just do some airdrop farming instead. If you search around you can find many potential airdrops like Zksync or Layerzero.

You just use their network and can get a small reward if they release an airdrop for their governance token. Look at ARB or BLUR or DYDX in the past. The airdrops were huge and required minimal effort. This is much easier than leverage trading and blowing up your account.

justdimin

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Quote from: Husires on March 01, 2024, 07:46:35 AM

A good trader will not let his account on the platforms grow and grow, because even if make profits, they are still present inside the platform, that is, they are promises or a loan that you deposited on the platform and you are waiting for them to fulfill their obligations and make you withdraw your profits. Make your investment portfolio grow, develop your trading skills, and withdraw your profits first.

While I do agree that the money that goes unused should be withdrawn and not kept there, specially at exchanges that are not that good, I also think that it is no way of growing if you keep on withdrawing. Let's say you started with 100 bucks, and you made trades that are 100 bucks as well, eventually you did so well that you have over a thousand dollars, would that make sense to still keep on trading hundred dollars?

I would suggest that you should increase that, even if you decide not to do a thousand dollars, you could do five hundred or seven hundred dollars trading. So you should always consider maybe using all of the money in the exchange instead of withdrawing it, that could make a lot more sense for you on the long run.

batang_bitcoin

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Quote from: Assface16678 on March 01, 2024, 05:38:50 PM

Quote from: batang_bitcoin on March 01, 2024, 05:18:10 PM

That guru is right, proper risk management and discipline. Why he's talking about discipline? Because when a trader is in profit, they should take profit asap. And you're also right that whatever strategy works for each of us, we should stay on that. Each trader has their own values and strategies that works and are unique. To increase our account sizes or balances, I think it shouldn't be your first thing as you trade. Learn about trading through several methods and tests what will work for you. Be open with losing because it's part of knowing yourself where you'll be ending up to grow with that working strategy.

Leverage is the most risky thing in trading, as you can stay out of that thing because raisinf the leverage means raising the risk of losing money also, even expert traders who goes for long term trade doesn't use leverage because they believe more in time than short traders who plays with fire using leverage in order to get a huge profit out of short time, but one single error or mistake in leverage trading will burn all of your funds if possible, I happen to play with leverage in o e of my trade in the past in desperate to earn a lot of money through short trade or scalping and I learned the lesson through the hard part or painful way, because I lose all my funds for that account and from that zi never ever use a leverage ever again instead believe in long trade or day trading atleast.

While there are traders that can manage risks properly in leverage. Some newbies out there think that they can handle the heat of it and can go as much as they can. As what Vitalik said, don't go more than 2x of leverage and that's enough already. Because when you go more than that, you're gambling and you don't know what you're doing. But what's funny is that there are people that are going more than 10x, 20x and even more. Well, that's their money to trade and they can handle it as much as they can. Lessons really will be there but you have to deal with them through expensive experiences.

Stepstowealth

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Quote from: yhiaali3 on March 01, 2024, 11:41:48 AM

In my opinion, every trader has his own method and strategy. The trader does not necessarily follow a strict strategy, but rather takes from each strategy what suits him. Therefore, for me, the best way to increase the size of my account is to grow it in the long term through accumulating profits.

Everyone seeks to increase the size of their account many times quickly, so they begin to make mistakes through their haste, greed, and dream of doubling their account within a short period of time, even though the most important rule in trading is patience and staying away from greed.

A trader who masters and focus on effective strategies That will yield him a series of profits we surely have their account grown. A trader who wants to grow account needs to also know that they have to try as much as possible to reduce the times in trading when they lose because losing in trading is anti growth to account size. If you are able to master a strategy in trading and then have more positive results than you have negative results, you can convince other people or other people can offer you money for you to trade for them and take a percentage. Your account size increases in the process.

Assface16678

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Quote from: batang_bitcoin on March 01, 2024, 05:18:10 PM

That guru is right, proper risk management and discipline. Why he's talking about discipline? Because when a trader is in profit, they should take profit asap. And you're also right that whatever strategy works for each of us, we should stay on that. Each trader has their own values and strategies that works and are unique. To increase our account sizes or balances, I think it shouldn't be your first thing as you trade. Learn about trading through several methods and tests what will work for you. Be open with losing because it's part of knowing yourself where you'll be ending up to grow with that working strategy.

Leverage is the most risky thing in trading, as you can stay out of that thing because raisinf the leverage means raising the risk of losing money also, even expert traders who goes for long term trade doesn't use leverage because they believe more in time than short traders who plays with fire using leverage in order to get a huge profit out of short time, but one single error or mistake in leverage trading will burn all of your funds if possible, I happen to play with leverage in o e of my trade in the past in desperate to earn a lot of money through short trade or scalping and I learned the lesson through the hard part or painful way, because I lose all my funds for that account and from that zi never ever use a leverage ever again instead believe in long trade or day trading atleast.

batang_bitcoin

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That guru is right, proper risk management and discipline. Why he's talking about discipline? Because when a trader is in profit, they should take profit asap. And you're also right that whatever strategy works for each of us, we should stay on that. Each trader has their own values and strategies that works and are unique. To increase our account sizes or balances, I think it shouldn't be your first thing as you trade. Learn about trading through several methods and tests what will work for you. Be open with losing because it's part of knowing yourself where you'll be ending up to grow with that working strategy.

nelson4lov

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The best traders I have seen in the space are not short term traders looking to profit off the market in the short term but they seek to do so long term. I buy into the idea of Oshosondy of averaging down but I disagree with the part about leverage. Even the best traders use leverage (between 2-5x leverage). The problem is that it is easily abused. Traders usually get carried when thinking about the potential profits they can get for x leverage but never calculate the potential losses for such leverage and it often comes back to hunt them.

My plan is to accumulate my position and sprinkle small leverage to boast my position size.

Bravut

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Quote from: yhiaali3 on March 01, 2024, 11:41:48 AM

In my opinion, every trader has his own method and strategy. The trader does not necessarily follow a strict strategy, but rather takes from each strategy what suits him. Therefore, for me, the best way to increase the size of my account is to grow it in the long term through accumulating profits.

Everyone seeks to increase the size of their account many times quickly, so they begin to make mistakes through their haste, greed, and dream of doubling their account within a short period of time, even though the most important rule in trading is patience and staying away from greed.

Thanks for your contribution.
Accumulating profits is one factor that is undermined, some persons as you have said lack patience for that they want it fast.
Maybe I would also set target I want over a long period and stick to it, allow it to accumulate and then check the outcome.

yhiaali3

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In my opinion, every trader has his own method and strategy. The trader does not necessarily follow a strict strategy, but rather takes from each strategy what suits him. Therefore, for me, the best way to increase the size of my account is to grow it in the long term through accumulating profits.

Everyone seeks to increase the size of their account many times quickly, so they begin to make mistakes through their haste, greed, and dream of doubling their account within a short period of time, even though the most important rule in trading is patience and staying away from greed.

alastantiger

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Quote from: Bravut on March 01, 2024, 05:54:13 AM

What’s the possible way of growing your account size….
Let discuss on this guys, and enlighten ourselves.

The best possible way to grow your account size is through investing in yourself as a trader. As a trader you need some education either formal or informal that would increase your ability to earn more money in the long run as you build your small account or on the road to growing your account size. While these strategies listed out are great, they need money to be practiced. A trader cannot practice proper risk management, averaging or any other trading strategy without money.

Husires

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A good trader will not let his account on the platforms grow and grow, because even if make profits, they are still present inside the platform, that is, they are promises or a loan that you deposited on the platform and you are waiting for them to fulfill their obligations and make you withdraw your profits. Make your investment portfolio grow, develop your trading skills, and withdraw your profits first.

moneystery

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strategic edge, proper risk management, discipline, etc. these things are very basic and you can even find them on google, you don't need to bother getting advice from that so-called crypto guru if that's all he says. because to be able to develop a trading account requires many factors and these include intuition, in-depth analysis, self-confidence and luck.

no matter how well you manage your trades or how well you manage your risks, if you don't have the confidence to take a position or are unlucky at the time, then everything you do will be in vain.

MusaMohamed

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Quote from: Bravut on March 01, 2024, 05:54:13 AM

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.

In cryptocurrency, you can suddenly get a lottery ticket and win big and your account size (your capital) increases a lot like multiplying 10 times, 100 times or even more.

However, how you get it will decide your capital future. If you are a gambling enthusiast, you will lose that lucky big capital soon if you don't change your trading habit. If you can change, you will have higher chance to secure your capital and don't lose all of it.

If you already succeeded to increase your capital size, you will have to get your initial capital back, keep it safe and only use the rest (your profit or part of your profit) to continue trading. It will secure your initial capital and even part of profit.

Wapfika

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All that you mention is general knowledge. You will grow your account size if you keep winning on your trade regardless of your method. As mention above, avoiding leverage trade with high leverage or simply completely avoiding it will makes you away from huge risk of losing your asset and just keep holding coins like Bitcoin.

Combine it with depositing more assets from your source of income such as job will make your account growth quicker and less riskier because you are just holding assets that keep growing overtime. Not all person can do a successful trading that’s why holding Bitcoin and DCA overtime is the most effective way to grow account size that is proven for a long time.

Oshosondy

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A good trader should not use leverage. He should use future trading for long and short with no leverage. Although, for coins like bitcoin, 2 to 3x leverage is not too much but I prefer not to use leverage.

A good trader should use averaging. This is a good strategy than leveraging. Averaging will help in risk management.

A good trader should not be greedy. I have been greedy before and end up losing. One of the greed is to have in mind to win $10 daily but when you make it easily in just like 20 minutes, you will think to open another position and that is not good. Another greed is when you are winning already and not closing your position.

Topic: Growing Account Size - page 2. (Read 405 times)