Topic: How to be a good traders of altcoins? - page 6. (Read 4875 times)
Hard work pays off. This is a very important rule for every trader, because you would not achieve good profit without hours of work. Moreover, you should not panic at difficult situations, always stay calm and make cold blooded decisions.
Part of the investment in Bitcoin part in usd and waiting for the start of the Alt season, this is my strategy until Bitcoin gaining dominance, you cant normal trade.
Bitcoin is increasing its dominance. That alt season will be I'm sure, but to properly determine its beginning it is almost impossible task.
Part of the investment in Bitcoin part in usd and waiting for the start of the Alt season, this is my strategy until Bitcoin gaining dominance, you cant normal trade.
for me , first thing to do when want to trading on altcoin is checking the bitcoin price , when the price is on stable price then i will start to trading for alt coin
usually alt coin always get down when btc get pump or dump
usually alt coin always get down when btc get pump or dump
The most important thing is patience as a trader, we have to see good altcoin coins and be able to read charts and know the latest news about altcoin in some of the most important extraordinary people from Twitter or the website, maybe that will be a strategy for you.
Just do it, you will have your own strategy after experience falling. Mentality is power, it doesnt matter how great your strategy if you can't win your ego, then you will always fall.
Something you need to learn, if you want to trade is to have to know exactly where you will trade. And looking for information, as much as you can about how to trade properly.
1. Have a plan and stick to it. Define your entry points and exit points before you start, and then stick to them.
2. Be logical. Don't succumb to FOMO or panic-selling.
3. Don't hold on too long. If a trade starts going the wrong way, then re-assess it to decide if this trend is likely to continue. Know when to cut your losses.
4. Get some experience. This is the best teacher.
5. Stay away from low volume coins that have a big bid/ask spread (big gap between highest buy order and lowest sell order). You'd need a big market swing on these just to break even.
2. Be logical. Don't succumb to FOMO or panic-selling.
3. Don't hold on too long. If a trade starts going the wrong way, then re-assess it to decide if this trend is likely to continue. Know when to cut your losses.
4. Get some experience. This is the best teacher.
5. Stay away from low volume coins that have a big bid/ask spread (big gap between highest buy order and lowest sell order). You'd need a big market swing on these just to break even.
When it comes to the trading of altcoin the I find it is one of the most complex jobs. There are lot of chances and possibilities. So to become a good trader of altcoins what are the main strategies do we need to have? Is it the best time to put money on the altcoin?
The most logical way is that you should only trade the Altcoins/USDT pair (or with another stablecoin) instead of the ETH or BTC pairs. Because of that you only have to analyze the volatility of Altcoins, it is easier for you to keep track of both prices of Altcoins and BTC.In principle, you can buy gradually when the market falls, and sell when it grows again.
When it comes to the trading of altcoin the I find it is one of the most complex jobs. There are lot of chances and possibilities. So to become a good trader of altcoins what are the main strategies do we need to have? Is it the best time to put money on the altcoin?
Be active, smart and hardworking.
cryptocurrency especially altcoin is not something that we can understand it easily because manipulation is one of the biggest parts in it. If you want to be a good trader, you need to learn everything about the object that you are traded for and then you need to read their community sentiment. Because the price is determined by the player themself.
about the time, nobody knows. Because we are totally different between one and another, and everybody has different needs too. So it is extremely hard to figure out what is the best time to put our money because we have a different perspective, goal and else.
When it comes to the trading of altcoin the I find it is one of the most complex jobs. There are lot of chances and possibilities. So to become a good trader of altcoins what are the main strategies do we need to have? Is it the best time to put money on the altcoin?
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