Topic: How do you trade? - page 14. (Read 1122 times)
Personally I position myself on some currencies with news, news, news and I wait for the price to go up to sell, sometimes I hang several months on a currency, notament when there are delays but hey it's part of the game
How I trade?When I am new in trading,it's hard especially that I don't any experience at all.But I am determined to know anything in trading.That is why I do some research.I copy some trading techniques.After a hardworking research,I get my own style when It comes to trade.How I trade?But putting an effort for analyzing at understanding the trend in trading.
How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume? Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
People have different way to make profit in trading world, depend their experience, knowledge or maybe just instinct. I still buy low and sell high but use long time period ( 4h - day - week ) and mostly close in 1 - 2 month. My strategy is depend data ( chart ) not from news analyze. About money management, fix with pyramid system management. From that strategy, my fund already close clearly and now is time to trade with my profit. Very easy but sometimes I still panic when I need more time to wait the price reach my take profit. Keep practice and have a good journey.
I feel that's has become a tradition in the world economy, to wit, buy when a goods at low prices and sell it when the price high, as well as in the world of crypto. No one doesn't use this strategy in trading. For the analyst I use when trading crypto, the main focus is fundamental analysis so it's my duty to see the latest news about crypto, because some information that comes will affect the price of coin. To use technical analysis I just use once a week, to see the similarity or difference price each week.
Trading requires a lot of experience and graphical analysis is also needed, other than what you mentioned buying at a cheap price sell at high prices
And must be good at controlling emotions.
And must be good at controlling emotions.
How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume? Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
do not assume anything you know anyone has told is accurate be careful sometimes people use wrong instrument or method on their financial sitauation
buy low and sell high is the common strategy of the traders panicking are part of emotion being trader i suggest to you mate always be careful and analyst your own trading strategy do not depend your investment to other people about your trading work to avoid mistakes.
instinct and your skills are very important as traders because you need to match your circumtance interest to one or more various trading opportunity.
I bought any coin base on the fundamental of the coin so when i find coin that has good fundamental i will buy it and hold for long term. But i also learn about technical analysis to know the price when in oversold and when overbought. And when i got profit about 500-1000% i will sell it and buy back same coin in cheaper price then continue hold it again.
How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume? Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
I think the trade is not simply buy and sell, you want good trade needs a lot of factors. You must have full knowledge, technical analysis capabilities, experience. You also need to have the experience to have reputable sources to be able to make the analysis and analysis of the market. Let's slowly learn before you jump into the trade, be very understanding of it you will succeed, avoid running after the crowd, alert before all situations.Good luck
How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume? Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
until now I still use the same trading method ,. buy low and sell high and also read some articles and news about digital currency ,, and this is proven to be profitable .. and now I have avoided panic selling ,, because it only harming myself .. for now better hold compared to panic selling I still read TA and graphs every now and then as I try to translate them into something really relevant in my trading schemes. Normally, these graphs don't actually help in interpreting the overall market sentiment or where will the market go in the next X hours/days. I still think that the current price and supply/demand ratio is still the king in determining the next price movement and not candlesticks or traditional indicators used in stocks. As always, buy low-sell high method would remain supreme in any market available, as it points out profit directly and nothing more.
Technical analysis might not work all the time but still i do depend on these tools when it comes on trading.Its much better because it do give me the basis regarding on a plausible actions that i would made.I do rather choose this up than on just simply putting orders without even thinking if you are already buying on the peak or on dip. TA doesnt work all the times this is why its much important to seek out for fundamentals too which having these combinations will really be helpful on your trading career. 
I still read TA and graphs every now and then as I try to translate them into something really relevant in my trading schemes. Normally, these graphs don't actually help in interpreting the overall market sentiment or where will the market go in the next X hours/days. I still think that the current price and supply/demand ratio is still the king in determining the next price movement and not candlesticks or traditional indicators used in stocks. As always, buy low-sell high method would remain supreme in any market available, as it points out profit directly and nothing more.
The problem is that most newbies in here thinks that the only key to earn money in trading is just by "hacks"
or something else...
The best way to earn money in here, is just by having luck on your trades, or are you seriously going to tell me that you can analyze the market?
I think that some analysis can help so much when we talk about trading. News about the project are more important to know if you would like to invest in such crypto. For example, if you hear that one day a big exchange will add a new coin on it, the coin will have a high percent that will increase, Trading is not like gambling. If you have more knowledge about the market, you can do well, and make a huge profit. or something else...
There is no secret or right way to trading.
It all comes down to experince pretty much. I have been trading stocks, futures, forex, bitcoin for almost 10 years.
And let's be serious for some minutes in there.It all comes down to experince pretty much. I have been trading stocks, futures, forex, bitcoin for almost 10 years.
The best way to earn money in here, is just by having luck on your trades, or are you seriously going to tell me that you can analyze the market?
The problem is that most newbies in here thinks that the only key to earn money in trading is just by "hacks"
or something else...
The best way to earn money in here, is just by having luck on your trades, or are you seriously going to tell me that you can analyze the market?
or something else...
There is no secret or right way to trading.
It all comes down to experince pretty much. I have been trading stocks, futures, forex, bitcoin for almost 10 years.
And let's be serious for some minutes in there.It all comes down to experince pretty much. I have been trading stocks, futures, forex, bitcoin for almost 10 years.
The best way to earn money in here, is just by having luck on your trades, or are you seriously going to tell me that you can analyze the market?
Of course, the buy low and sell high gas been the traditional trading method and it still will. Basically in any buying and selling business, that is the way most businessmen or trader get their gains. Even if you study the chart and you becomes mastery in it, you still need to buy low and sell high to get your gain. Most people are waiting for it to dip because they might not have enough capital why other may do it for higher gains.
There is no secret or right way to trading.
It all comes down to experince pretty much. I have been trading stocks, futures, forex, bitcoin for almost 10 years.
Basically the best way is to look at the longer term charts and try and time trades off the short terms charts.
Basically in my opinion. Bitcoin is a long term bull, short term bear, and midterm a little bullish.
You can use TA to help you but keep in mind it maybe only works 20% of the time. The rest are fundamentals.
I would agree with the conclusion about bitcoin trading,It all comes down to experince pretty much. I have been trading stocks, futures, forex, bitcoin for almost 10 years.
Basically the best way is to look at the longer term charts and try and time trades off the short terms charts.
Basically in my opinion. Bitcoin is a long term bull, short term bear, and midterm a little bullish.
You can use TA to help you but keep in mind it maybe only works 20% of the time. The rest are fundamentals.
But I think when trading cyrpo my best profitable method is to set a goal for short term, and keep up accumulating in one coin you're believing in and trusting as main feature of the crypto is trust ,
My current strategy : buy price + sell price 10% only , and then wait till the coin falls in a big dip then buy again and sell in 10% increment, playing it safe might be the best way in crypto as people don't know how volatile crypto can be when they start and it scares the shit out of anybody that done trading, so it's not as easy as it seems.
How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume? Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
That's the universal rule, not just in crypto but in stock market as well. Been in stock trading and crypto, but I must say that I like crypto's more. TA are just guidelines for me, because its bitcoin market is very volatile that analysis sometimes became useless for me. Yes, I also used my instincts to see what coins will give good results long term.
Really hard not to be emotional but you should learn how to control it because its really one of the worst enemy of a trader. Yes, you can really study the charts and look at other news that may influence how the price of a coin will move. Do your homework and I'm sure that it will give you big rewards and the end.
We are all having the same goals in the trading and that is the profit gain. I am particularly interested in the concept of the day trading but my time is limited for this kind of trades. I also tried to be constantly on the tracks of the market charts but I had lost myself in the curves that were fluctuating a lot because I still don't have the proper expertise in the fast selling.
I had adapted myself to the technique of the long-term investment. I am usually waiting a couple of months till the specific coin in my portfolio reaches my desirable price and then I sell it before it starts to fluctuate backward in value again.
Like other members had already said many investors have the tendency to buy the coin that is in its growth period for a longer time but that can usually end with a loss for the investor because the longer the coin is rising to the higher value the greater is the risk for the investor to lose a big portion of the investment when the price suddenly starts to rapidly fall.
I had adapted myself to the technique of the long-term investment. I am usually waiting a couple of months till the specific coin in my portfolio reaches my desirable price and then I sell it before it starts to fluctuate backward in value again.
Like other members had already said many investors have the tendency to buy the coin that is in its growth period for a longer time but that can usually end with a loss for the investor because the longer the coin is rising to the higher value the greater is the risk for the investor to lose a big portion of the investment when the price suddenly starts to rapidly fall.
That is still the rule.
But I do prefer the lower price coins or tokens now and buy large amounts of them.
I do think that when suddenly they hit even for just $1 then it will be a good profit for me.
Still depends on one coin. You would need to research them before making a good trade.
But I do prefer the lower price coins or tokens now and buy large amounts of them.
I do think that when suddenly they hit even for just $1 then it will be a good profit for me.
Still depends on one coin. You would need to research them before making a good trade.
Buy low sell high that is the best way of trading,if you are not following that rule then you can't earn while trading.I am not a trader but I am holding bitcoins too.So when the price peaks up I will sell that because there are more chance of price fall after the rapid orice increase.Then I will buy more coins when the price dumps.I hope most of the people are doing in oppsite direction,many of them willing to buy when the price increase and will sell when the price falls.
I only trade when significant profitable oppertunities arise. In good times we're talking about sometimes several trades per weeks but when I deem the value of my crypto to be bad/unsufficient, months without any trade can occur. My portfolio is in a dire state ATM so I doubt I'm gonna make any moves on the market this month. I'm not someone who scans the market all day long as I don't have the time for it and my trading skills aren't sharp enough for this.
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