How to make a successful Trade? - page 5.

Omega Weapon

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Quote from: bamboylee on November 14, 2016, 12:55:31 AM

Quote from: BitcoinPanther on November 13, 2016, 11:42:35 PM

As far as I know a successful trade is a trade where you booked a profit. One of the goal of trading is to buy low and sell high. but meeting this situation is not that easy. You need to be patience, do research and monitor the price movement of your trade. You also need to be updated of certain rumors and news and use it to your advantage.

I think the hard part is getting updated with the right news or rumors. The one that will actually effect the price of the commodity you are trading. If you have good sources of that kind of news, making profit and becoming successful in trading will be easy.

That is only one way to trade most traders prefer to also use a mathematical approach and analyze the markets for possible ways to predict what the market will do next and taking advantage of the opportunities that present themselves.

upsidedown75

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Quote from: Aamir1 on November 14, 2016, 11:04:36 AM

Quote from: Text on November 14, 2016, 08:44:51 AM

You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

That's right, someone should not just keep his focus on one coin as maybe the coin stays stable for sometime then his trading would stop, someone should try 2 or 3 coins together dividing the capital on them in order to keep his trades alive.

Yes, having more than one option will help always. Unless we are not trading only with well established altcoins, we must have many alternatives when one altcoins is getting severe dump in quick times.
But practically the problem is, when we are having more options to trade we need to focus technical analysis on each of them, which will be very hectic for a trader.

Aamir1

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Quote from: Text on November 14, 2016, 08:44:51 AM

You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

That's right, someone should not just keep his focus on one coin as maybe the coin stays stable for sometime then his trading would stop, someone should try 2 or 3 coins together dividing the capital on them in order to keep his trades alive.

DoublerHunter

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To make a successful trade you should be patient on waiting for the coin to pump (If you buy that coin on a high price) and also you are willing to study the coin or market so it will be more comfortable for you to trade coins on a particular trading site. Be patient and don't be greedy and impatient on trading because it will only end up worse.

danherbias07

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Quote from: Text on November 14, 2016, 08:44:51 AM

You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

Correct. Be flexible and try some other things. Besides some coins doesnt take too long to live and might as well profit from that before it ends. Be positive in every trade you make even if you will just profit in a small amount.

Text

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You should not only focus on one coin. Because sometimes the movement of its value is only rising, if it falls there's a chance that it will not hit the less value compare the previous price. So you need to consider other coins to observe while you are waiting for a certain coin to make profit.

Positid

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Quote from: bamboylee on November 14, 2016, 12:55:31 AM

Quote from: BitcoinPanther on November 13, 2016, 11:42:35 PM

As far as I know a successful trade is a trade where you booked a profit. One of the goal of trading is to buy low and sell high. but meeting this situation is not that easy. You need to be patience, do research and monitor the price movement of your trade. You also need to be updated of certain rumors and news and use it to your advantage.

I think the hard part is getting updated with the right news or rumors. The one that will actually effect the price of the commodity you are trading. If you have good sources of that kind of news, making profit and becoming successful in trading will be easy.

Exactly, that's what you need. You have to be fully knowledgeable with the market of what you are trading, intelligence is what is important here and that is our only chances to be able to succeed in the long run. Trading is easy if you understand and follow the basic principle.

bamboylee

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Quote from: BitcoinPanther on November 13, 2016, 11:42:35 PM

As far as I know a successful trade is a trade where you booked a profit. One of the goal of trading is to buy low and sell high. but meeting this situation is not that easy. You need to be patience, do research and monitor the price movement of your trade. You also need to be updated of certain rumors and news and use it to your advantage.

I think the hard part is getting updated with the right news or rumors. The one that will actually effect the price of the commodity you are trading. If you have good sources of that kind of news, making profit and becoming successful in trading will be easy.

BitcoinPanther

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As far as I know a successful trade is a trade where you booked a profit. One of the goal of trading is to buy low and sell high. but meeting this situation is not that easy. You need to be patience, do research and monitor the price movement of your trade. You also need to be updated of certain rumors and news and use it to your advantage.

hisuka

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Once you made a profit in trading thats a successful trading already.
When we learn to trade and we follow the rules we well never afraid
to lose btc. Just simply be wise and not be greedy, for sure we can
have a successful trade.

Text

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If you want to be a successful trader you should know what you are doing in that matter. It is not easy to trade I know that buy low and sell high which is the basis, but it is not only about it, you need to learn a lot for you to make a successful trade always if that's what you really want.

mirakal

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Quote from: Barbut on November 13, 2016, 07:46:44 AM

Cover your ass, that means for successful trade you need to pay attention on security. Find a way to protect your money, with escrow is the best, buy there is other ways.
Everyone here is talking about classic trading 'buy low, sell high', I think OP didn't think about it, its the basic of trading, here is point how to make successful trade once you find a good price for buying, or you have good price for selling. So once you find that, how to close that work successful.

That's the basic but it's hard to do with the right timing, if all can really see how the price move then it would be easy for them to make money. With trading, there's always a bigger chance to make money but you have to risk money as well to be able to achieve your goal.

arwin100

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Jack of all trades 💯

Quote from: carlisle1 on November 09, 2016, 02:41:25 AM

Quote from: veleten on November 07, 2016, 11:29:31 PM

what kind of a question is that?
successful trade is when you make profit
i.e. you recieve more assets than you put in
for you trade to be successful you got to know the market (or just be lucky)

what he is pointing about is the process or way to make a successful trade and the instances / scenario after a successful trade . and getting to know the market is not the only essential when we are talking about trading there's so many things that need to consider because trading has a complex systems and characteristic .

Thats why people should really knows how to thread well since trading is not just buy and sell, wait for the pump and dump, it actually need some proper observation of the flow since some other people can really manipulate the prices and that should need to lear by people so they may know the right flow of some manipulatig tactics, tradings have trade wars and you must join the flaws to earn, and remember weak hands are mostly losser on trades.

Barbut

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Cover your ass, that means for successful trade you need to pay attention on security. Find a way to protect your money, with escrow is the best, buy there is other ways.
Everyone here is talking about classic trading 'buy low, sell high', I think OP didn't think about it, its the basic of trading, here is point how to make successful trade once you find a good price for buying, or you have good price for selling. So once you find that, how to close that work successful.

(altair)

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To get a successful trade you must sell the thing that you do trade on higher price than you bought it. Any percentage of profit can be considered a successful trade. Some successful trade requires some time so you need patience to not lose in trading.

MarketMagic

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This is one of the latest services for news and market analysis.Good services are out there if you look for them and can be useful.Here are some good free or donate trading tips for bitcoin v usd pair.

https://coins.newbium.com/post/4408-bitcoin-v-usd-market-signal-for-saturday-november

yakdivine

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It's a simple as deposit, buy low, sell high, try to withdraw... find you have to send them ID... have a massive delay on withdrawal... exchange where you're trading gets hacked... The main problems are: - trying to predict price movement is difficult. imho the biggest problem is your own psychology will cause you to get it wrong. Temptation, greed, following the herd and more personality flaws will cause you loss - the next problem is that there is no reliable, cheap or decentralised ways to trade. Your funds are at risk from: - real hacks - fake hacks - government confiscation.

danherbias07

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Now you are all arguing about the question.

A successful trade is when everything goes according to what you want. What if some people really want to lose? Grin

(Richie Rich?) Grin

That is all I know, we have different insights here but of course we all want it to go our own way.

carlisle1

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Quote from: veleten on November 07, 2016, 11:29:31 PM

what kind of a question is that?
successful trade is when you make profit
i.e. you recieve more assets than you put in
for you trade to be successful you got to know the market (or just be lucky)

what he is pointing about is the process or way to make a successful trade and the instances / scenario after a successful trade . and getting to know the market is not the only essential when we are talking about trading there's so many things that need to consider because trading has a complex systems and characteristic .

bamboylee

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Quote from: veleten on November 07, 2016, 11:29:31 PM

what kind of a question is that?
successful trade is when you make profit
i.e. you recieve more assets than you put in
for you trade to be successful you got to know the market (or just be lucky)

I think the question is more on the process or things you need to do to be able to make a successful trade always. Everyone knows what a successful trade is but not everyone can make trade successfully.

Topic: How to make a successful Trade? - page 5. (Read 15543 times)