Topic: How do you make a trade or investment decision? (Read 1953 times)

I always follow different exchanges announcement and launched pad . Actually I am a day trader and trading on the two the best centralized exchanges Binance qns Kucoin. A few days ago I already invested Pyr according to Binance announcement.

First I select some good projects and then I follow their all social accounts when any news comes I invest and take a little profit. There happened high impact of news at the price, so I always follow it.

The first thing that I do before coming up into a decision on doing trading or investment is of course to better know the targeted coin I wish to do trading or investment with. I use to know more about it by doing researches on its price chart, the project where it came from, I join the telegram group for the updates from the team because most commonly if the thread where it came from is already inactive because the promotion is already done, we can expect that updates will be posted or sent out into their telegram. I do also read news online on which I do not primarily subscribe into specific news sites for I prefer crowd sourcing or snow balling to have lots of resources to better know my targeted coin.

After all the data I needed have already been gathered and based on my own analysis that I would be having a possibility or potential to earn with this, then that is the time I would go investing and trading because there is no point for me to go for the risk all the way. Money is involved in here so I better assure every move I will do. Also, when I am already in into investment and trading and something unexpected have happened, I do not let my emotions interfere in a sense that I would just trust the process for I know what I am doing and doubt will have no space.

Day trading cryptocurrency requires that you make out much time for it, because there are lots of things you’re required to do before you will start seeing success in your trades.

Just as you said we have to be making sure that we are always up to date with the news that has to do with the assets that we are trading. Besides being up to date with the news on the asset we are trading we have to learn how to trade and technical analysis, and how to create our own strategy and the kind of strategy that really works.

The market may react to some news I will give you that, however unless you know the news is coming before it is published it is very difficult if not impossible to trade the news since you will get access to it at the same time than every single other trader around the world and by the time you open your trade millions of traders could have done the same before you, as such there is no great advantage if you take this approach, the best approach is to just look at the charts and trade the markets irrespective of what the news say.

It is a strategical work. I always try to active on the forum. I get very important update information from the forum. Then I follow different telegram group where update news are shared. Following the trend different exchanges also helps me to take my trading decision. 

i make my own decision,based what i read from many many source,make conclusions and do it,unfortunately i still need more practice to control my emotion,i am not fear being lose,but my greed is like hunger beast.
when the target price is near,i just created a new target price,then the profit shrink back and in the end,i just get a small profit.

I usually check a lot of news every morning about crypto and the world economy to see the next market movement. Besides, I also analyze TA every day for charts of BTC and BTC dominance to understand more. There is a lot to analyze and not just news. I don't usually trust free signals and news, because bad services usually don't cost a fee and I don't like that.

You need to be more precise and dedicated from how you percept every decision making that you'll going to take, staying intact with your original
plan is one of those difficulty from every traders who are still in the process of building solid strategy.



Always a big possibilities that you'll experienced bad take each time you are entering the market, although with discipline and good control, the chance of keep doing it will be minimize.

I hope you are consistent with what you write here...
without discipline and strong self-control, when we get to the field we will forget all our plans and only make decisions based on instincts. when you lose control of your mind, then your mind will make inappropriate decisions, start practicing to do everything you plan one by one is the best step.

That’s right. If you want to be a short-term trader you should take technical analysis seriously. You can apply fundamental analysis for long-term basis and there also instances that you can rely on it like a 2-3 months depends when the good news about the campaign is going to happen. It’s very difficult in the beginning if you’re going to use the technical so the best recommendation is fundamental first then technical. You can also rely in some good signal given by the expert but make sure you also check it.

I do not rely on fundamental analysis so I do not follow or trust the news and information even thought it came from legit and reliable information companies like coindesk and cointelegraph. My decision is always pure technical when I do trading. The first thing that I do is I find coins that are in uptrend because most of my strategies are only applicable in uptrend then I check its liquidity and volume. The next is I plan my trade where I identify my entry price and target profit.

Coindesk and cointelegraph are 2 biggest online crypto related news for many years. By reading these websites, you will be able to follow the latest news of the world of crypto. Most of the news are corrected. However, whales and big investors have a different kind of sources which allow them to interact with imoortant news sooner than us. Therefore, we cant make a good decision by reading and analyzing newd

Technical analysis and volume profiles are better tools to you to indicate which coins will increase even before the news release. It took me quite a time to understand the fundamental behind the supply and demand. Everything related to trading is based on supply and demand. Thats the reason why the price of bitcoin is always volatile. If you have time, i highly suggest you to learn technical analysis. You will never regret with this new knowledge

? what points do you want to convey here...
things like this are only done by long-term traders, they buy a coin and then HOLD the coin for a long time to profit. A short-term trader definitely needs good analytical skills, they will analyze an asset well then make a sale or purchase of the asset.

There can be two methods for making investment decisions:
1. Technical analysis based
2. News based

Still, the third one what most people do is, FOMO based which is driven by intuition but in my experience this kind of decision making should be avoided regardless of you are planning for short term or long term. A decision on investment without proper reason (it can be technical or fundamental) might lead to unexpected results at most of the occasions.

Technical analysis based investment decisions are good for short-term investment as well. Because with the help of technical analysis you can find stoploss level as well which will be helping you to prevent big losses in the case of an unexpected market movement.

Based on news is nothing but fundamental analysis which is always focusing on long-term holding-based investments. When you are planning for long-term then you never need to worry about any stoploss levels given that that asset must be having definite future like how bitcoin is having.

No it isnt useless and if  we do try to look it up carefully and understand that this market is highly reactive to news which i can say that it is still important nor relevant to had and to be used as a trader.

It might not be giving out precise predictions but it is still worth to be used if you dont know how to add it up together into your  technical ones.

It doesnt matter if youve  been using funda or technical as long it do give out profits to you which do matter most.

This is why I think fundamental analysis is useless in this market, for the most part it is impossible to find a reason why a coin moves the way it does, what you need to do is to watch the charts and if your system tells you to take action then you must do it, obviously this is only true if you have taken the time to completely test your system and you have made sure you can make money that way, since understanding why the markets move the way they do will simply drive you crazy and will not bring you any profit either.

I am not a regular or pro trader but yes i do trade sometimes. In my experience you have to know about the project very well. You need to know how it works, who's behind the project, what is their future plan, projects regular updates, community maintenance, following their road map perfectly etc.

I prefer new trader to analyze on old projects which are at least 3 years old. Cause it's too risky to invest/trade with new projects. Because right now many projects running with hype. So you can easily make a wrong move and you can loose your hole fund.

Only a more experienced trader understands this. For a beginner, this is a difficult moment.

I believe that here we need to talk not about facilitating their activities in cryptocurrency trading, but about the basics of trading, since only through technical analysis are real results possible. there is no chance for a trader who only understands that he needs to sell at a higher price and buy at a lower price, because he still needs to correctly analyze price fluctuations for one or another cryptocurrency in order to place a successful order.