Help in Trading - page 2. | Bitcointalksearch.org

Visbay

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Quote from: Pamadar on December 24, 2019, 05:41:28 AM

Quote from: nydiacaskey01 on December 23, 2019, 07:49:19 PM

You should at least see a little gain if you lock your funds by converting to USD. That has been the practice of many traders but the question is how much is your capital? If its too small, expect that when you trade profits will be a little. it small too specially if you spread your capital in different coins and convert it one by one to USD once you see red. Thats where you pay for the fees and maybe thats what eating your profits.

Agree to that, it's needed to be specified as trading fees will sucked up your capital if you miscalculated the percentages of those trading fees. If you always consider the amount of each transactions that you'll going to process and make sure that you calculated everything right.

Yeah for sure to become a good trader you must have ability to calculate your profit and loss ay the same time and you should remain aware of your income or exchanges fees so that you can get proper ratio of trading earnings, to become good trader just learn about timing as well so you will be able to buy and trade on perfect time.

ViceOfBTC21

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Quote from: Bagaji on December 25, 2019, 03:51:04 PM

It seems that you are not patience enough for you to make good profit over the cost fee the exchange will charge you for the transaction. Buy back when Bitcoin value has gone down low and sell when its market is higher the point of your entry and you can equally see the profit level as at the time you want to sell so that you will know that you are already selling in profit.

It can take a lot of time, even few hours at the time. The need for instant gratification is terrifyingly high these days.

Bagaji

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It seems that you are not patience enough for you to make good profit over the cost fee the exchange will charge you for the transaction. Buy back when Bitcoin value has gone down low and sell when its market is higher the point of your entry and you can equally see the profit level as at the time you want to sell so that you will know that you are already selling in profit.

cryptoknightt

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You need to specify your target when you want to trade, for example, the total amount of coins you use or take a percentage of your profit.
you do not need to make too much profit because you can continue to enter when the market is down.

Ipwich

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Quote from: Savemore on December 25, 2019, 01:46:57 AM

Newbies are entering in the trading because they want a big gain. Our mentality is should not be that because it is a bad mentality. We should be appreciate the small gains first. That is why there are traders who easily lose money in the market because they are so greedy to earn big amount of money quickly. We should survive first in trading in order for us to focus on how we will multiply our funds.

And they are wrong actually.
That is their big mistake and not only newbies have these wrong thoughts but also those who are greedy individuals, and most of them will be the first to shout when they suffer losses. We should have to think that trading is not an easy job to take but it requires market understanding.

Savemore

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Quote from: Quidat on December 24, 2019, 07:52:03 PM

Quote from: Capt00 on December 24, 2019, 06:31:06 PM

Quote from: worldtraveller321 on November 29, 2019, 09:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

You're actually playing right and that is your strategy. Yes, everyone has it does and it seems to be profitable.
We don't need to be greedy and asking for huge profit in every trades, every single gain counts and the most important is we get something from them. We become successful not because we gain a lot instantly but because we gain a little every day.

Its much more preferable on that way rather than being not contented to those small gains which would highly lead you on being too greedy or forcing out
yourself to trade even more since you do aim for more profits which would result into loss most likely.Dont get too overconfident and be grateful
when we already see some greens or gains with our trades.Make this as a habit and for sure you'll do better on your future trades.

Newbies are entering in the trading because they want a big gain. Our mentality is should not be that because it is a bad mentality. We should be appreciate the small gains first. That is why there are traders who easily lose money in the market because they are so greedy to earn big amount of money quickly. We should survive first in trading in order for us to focus on how we will multiply our funds.

DevilSlayer

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Quote from: FanEagle on December 25, 2019, 01:15:41 AM

Quote from: worldtraveller321 on November 29, 2019, 09:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

The way you have explained this just shows that you don’t even know much about trading Angry

. Becoming good in cryptocurrency trading takes a lot of work and not just a day work, you will have to practice for quite some good time and also do your research to understand how the market works.

There are reasons why you are not profiting, I am not going to mention overtrading although it can be one of the reasons but let’s start with not managing risks properly. This is common among most traders I know, and explaining this is a whole lot of article. It’s why I said trading is not a day work, it takes time to get perfect. Another reason might be that you’re not preserving your trading capital for good trades. You don’t just jump on any trade you see, if you continue like that you’re most likely to end up with loss.

There are people who thought that they can learn trading in just a day and it is a misconception. Trading is a process and you cannot learn it in just days. It takes month and even years before you become knowledgeable about it. Practice makes perfect but the thing is people are being discouraged if they lose money. There are people who are afraid to make mistakes and it is the sad part, I love failing sometimes because it makes me to become more strong and to become more smart person. If I fail then I know that something is wrong I should fix it quickly for me to minimize the losses.

FanEagle

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Quote from: worldtraveller321 on November 29, 2019, 09:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

The way you have explained this just shows that you don’t even know much about trading Angry

. Becoming good in cryptocurrency trading takes a lot of work and not just a day work, you will have to practice for quite some good time and also do your research to understand how the market works.

There are reasons why you are not profiting, I am not going to mention overtrading although it can be one of the reasons but let’s start with not managing risks properly. This is common among most traders I know, and explaining this is a whole lot of article. It’s why I said trading is not a day work, it takes time to get perfect. Another reason might be that you’re not preserving your trading capital for good trades. You don’t just jump on any trade you see, if you continue like that you’re most likely to end up with loss.

Quidat

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Quote from: Capt00 on December 24, 2019, 06:31:06 PM

Quote from: worldtraveller321 on November 29, 2019, 09:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

You're actually playing right and that is your strategy. Yes, everyone has it does and it seems to be profitable.
We don't need to be greedy and asking for huge profit in every trades, every single gain counts and the most important is we get something from them. We become successful not because we gain a lot instantly but because we gain a little every day.

Its much more preferable on that way rather than being not contented to those small gains which would highly lead you on being too greedy or forcing out
yourself to trade even more since you do aim for more profits which would result into loss most likely.Dont get too overconfident and be grateful
when we already see some greens or gains with our trades.Make this as a habit and for sure you'll do better on your future trades.

Capt00

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Quote from: worldtraveller321 on November 29, 2019, 09:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

You're actually playing right and that is your strategy. Yes, everyone has it does and it seems to be profitable.
We don't need to be greedy and asking for huge profit in every trades, every single gain counts and the most important is we get something from them. We become successful not because we gain a lot instantly but because we gain a little every day.

Spaffin

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Quote from: pajak666 on December 24, 2019, 01:35:32 PM

It is not so much watching the markets as thinking about them on the side and doing simple and boring data research. You've got to gather lots of data, build strategies, test them on your data, swap the data, test again etc etc etc. Opening excel spreadsheet is basically 1/10000000000 of what has to be done taking this career path.

You really correctly voiced what a trader needs and what a novice trader needs to pay attention to, and Although I still do not have good experience, because I am just starting to learn, what is happening on the cryptocurrency market very much affects my excitement. Until that time, I very often made small investments in different companies, which I hope will show good results in the future, but trading with these coins introduces me at a loss. Even trading Bitcoin and Ethereum does not bring a good income, since it is very difficult to respond to price changes.

pajak666

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It is not so much watching the markets as thinking about them on the side and doing simple and boring data research. You've got to gather lots of data, build strategies, test them on your data, swap the data, test again etc etc etc. Opening excel spreadsheet is basically 1/10000000000 of what has to be done taking this career path.

Twentyonepaylots

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Quote from: zeze18 on December 24, 2019, 07:59:54 AM

Quote from: Asmonist on December 24, 2019, 05:30:38 AM

Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital.

I think trading is not all about time to watch the market every time, even we are a full time trader, we able to watch the market every time, we still able to tricked by the market price which is so agile and tricky. But i'm not denying that full time trader will earn more than a just regular trader which is just made one trade a day.

Well the fact that a person is a full trader then it is a must to spend most of his/her time watching the market. Trading is not just about buying low and selling high it does not go around in circles like that, trading has a very technical aspect more than what we are seeing in the charts and grapsh, prices and volume. That is the main reason why full time trader does more profit than just a casual trader, they are more sensitive with the market.

Shimmiry

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Quote from: ?? on ??

Quote from: Edraket31 on December 22, 2019, 08:22:58 AM

Quote from: Harriti on December 22, 2019, 12:10:06 AM

Quote from: worldtraveller321 on November 29, 2019, 09:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

Your strategy is correct when trading BTCUSDT but you need to know more. You know, finance is a very vast field and so does its knowledge. In order for you to earn money, you should have more knowledge about TA, it's very important. For example, you need to keep your profit level when you see the price of bitcoin just broke out of the strong resistance area, ... at the same time, you should also have basic knowledge of Dow and the psychology of the crowd. You need to learn more to increase your probability of winning, wish you success.

That's a good sign that you are earning, when you are analyzing and seeking advise from other people, because in reality, some people think that they are good enough and not asking for help from other people. Trading is not that easy as anyone thinks, it takes a lot of heartaches, stress, depression, fear, doubt, but once you overcome all of it then you will eventually become expert.

The reason why people avoid seeking help from others or in specific from experts is that they ask for money for providing pieces of advices. I am in favor of learning from your own mistakes and if you want to make some base in trading, the best way is to read article on trading or watch videos form YouTube. They have sufficient material available for beginners. Traders become expert after going through long course of struggles as you mentioned.

In trading, we must consider a lot of things. First is you must to take a lot of time to read and do your research on what is happening in the market price because you must to be updated. In trading, there is a two-method first is the short term trading you can earn profit by trading altcoins and get your money daily. Lastly is the long term trading this one is good for bitcoin because it takes a lot of time and patience to make your money back again because the price is volatile and we cannot say that the cost of the coin goes up or down. If you are good at playing cards and dice online gambling is good too because this time you can earn money immediately, if you succeed in your games but not all the time the luck is not with us it can cause too losing of income.

zeze18

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Quote from: Asmonist on December 24, 2019, 05:30:38 AM

Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital.

I think trading is not all about time to watch the market every time, even we are a full time trader, we able to watch the market every time, we still able to tricked by the market price which is so agile and tricky. But i'm not denying that full time trader will earn more than a just regular trader which is just made one trade a day.

asus09

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Quote from: Pamadar on December 24, 2019, 05:41:28 AM

Quote from: nydiacaskey01 on December 23, 2019, 07:49:19 PM

You should at least see a little gain if you lock your funds by converting to USD. That has been the practice of many traders but the question is how much is your capital? If its too small, expect that when you trade profits will be a little. it small too specially if you spread your capital in different coins and convert it one by one to USD once you see red. Thats where you pay for the fees and maybe thats what eating your profits.

Agree to that, it's needed to be specified as trading fees will sucked up your capital if you miscalculated the percentages of those trading fees. If you always consider the amount of each transactions that you'll going to process and make sure that you calculated everything right.

Very safety way because USD look stable price although bitcoin have higher or lower price, maybe only one coin never have change how ever bitcoin price, want to break with higher price or not for bitcoin USD always look the same price, you can convert your assets when bitcoin or altcoin have lower price and selling when price of coin is up.

Pamadar

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Quote from: nydiacaskey01 on December 23, 2019, 07:49:19 PM

You should at least see a little gain if you lock your funds by converting to USD. That has been the practice of many traders but the question is how much is your capital? If its too small, expect that when you trade profits will be a little. it small too specially if you spread your capital in different coins and convert it one by one to USD once you see red. Thats where you pay for the fees and maybe thats what eating your profits.

Agree to that, it's needed to be specified as trading fees will sucked up your capital if you miscalculated the percentages of those trading fees. If you always consider the amount of each transactions that you'll going to process and make sure that you calculated everything right.

Asmonist

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Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital.

nydiacaskey01

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You should at least see a little gain if you lock your funds by converting to USD. That has been the practice of many traders but the question is how much is your capital? If its too small, expect that when you trade profits will be a little. it small too specially if you spread your capital in different coins and convert it one by one to USD once you see red. Thats where you pay for the fees and maybe thats what eating your profits.

Barbut

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Quote from: mbakruroh on December 23, 2019, 02:00:35 PM

You already has good strategy but we also know red market still running and trading/ withdraw fee is not cheap. Only need to wait the right moment if you trade now your money will gonna. Be patient at lest until next year ( February - March ) to start new journey. Don't push too hard, slowly but sure take the important thing to raise your skill. If you run for profit than loss will you get.

If he is trading with USD instead of some stable coin like USDT commission is eating his money every time. What he needs to do is to find a better pair, to check trading fees and then to start trading. He didn't share the name of the exchange he is using, and we know that some exchanges have really high trading/withdraw fees. His strategy can be good, but his profit doesn't cover the expenses.

Topic: Help in Trading - page 2. (Read 1266 times)