Topic: how to play fast on trading ? - page 11. (Read 3137 times)

Trading is the game of smart and fool In simpleast meaning it is the way to transfer money to smart from fool. I remember one quote by famous trader: At the end of the day balance matters

Trading requires patience. The key of success is to be patient and especially DON'T enter without analysis

but for now the altcoin market is very bad.
we need a lot of patience in trading in altcoin
in contrast to 1-2 months of inevitable
the fast altcoin movement makes us have an advantage in a very fast time.
but it seems for now better to trade bitcoin with fiat currency

I have a serious question about this. For someone like me who only enjoyed half of the ride of last week, and who will lose big money if BTC gets back to 5000eur, and thus has to sell, I hope before (sucks when you bought some BTC's at highest price), but possibly after the fork... we all know it happens within the first seconds after the fork, it did for BTG.

So my question is: do market orders really have priority?

Say, more people than expected sell, and there aren't enough buy orders to compensate (espcially on smaller platforms), it can go pretty low pretty quickly, and a market sell could end up selling very very low.
So the best would be a limit order with a sane limit. However, if market orders have priority, then limit orders will all happen after all market orders have been processed, & thus at the bottom.

So what's best in this sad case of predicted dip? Market or limit sell? Do market sells have priority on all platforms?

I've only used Kraken & Bitstamp so far, and I plan to do the next moves on Bitfinex. While it's obvious that Kraken will be frozen at the time of the fork, I hope that Bitfinex doesn't have the same problem. Now, while Kraken simply breaks in those cases, I can understand a platform accepting all orders without complaining, but still processing them with high lag.

There is nothing like "fast trade" in the industry of trading. The time of your trade depends on the price of the coin you are trading. If it increasing very fast, your trade will be fast, and if it takes time, it will obviously be a slow trade. People trade altcoins mostly because their values change very soon and it makes it quite fast, but there isn't any manual way of fast trading like what you are asking. You should do day trading in altcoins and you will have quite fast results as altcoin market moves every second. Your profits will be higher if you have a high capital.

try to fast in changing the trade value whenever the bitcoin value increases or decreases in the chart. Other than you have to be slow and careful in every trading you done with the people have a trade with you.
There numerous videos available in YouTube so you can check the video with the better explanation in your language.

I have heard of day trading but this one is new to me but when I started with trading, when I hit my target (which is relatively small) I sell right away, as long as I have a profit regardless how big or small it is I sell, but I make sure the fees are covered already, however in the long run, you will notice that holding on to your investment longer makes more money than "fast trading", for me that's more like panic trading, you fear that price will drop or whales will start dumping so you want to be ahead of them.

This is the correct explanation of it. Bittrex is one exchanges that you can do quick trades. You just need to play the proper order and take profits easily. However, just be cautious because as fast as you think you can make profit, you can also quickly lose it when there is a big upswing or down swing. So you need to be careful because this strategy is not for beginners. You need to have a few months of experience before you can successfully execute it.

Do you mean, how do you make quick trades? If so, you need to find an exchange that has real time trading like Bittrex where you can buy and sell whenever you need to. You can immediately execute trades on these types of exchanges as opposed to Coinbase where it may take a couple of days to convert Bitcoins to US dollars and vice versa. Quick trades are like day trading in the stock market.

what do you mean by play fast ?
Trading divided into 3 parts which are day trade,mid trade and long trade.
are you asking about day trade ?
if you're asking about day trade,i have a few advices for you.
1.Before investing,try to read the market and people sentiment by reading the chart,
   try to optimize the movement by opening 10 minutes ~ 4 hours chart.
2.Afterward try to reach their website,news,development and etc etc related to it.
3.Make sure to set your entry point and your sell point based on the movement.

conclusion,to make this happen you need a lot of technique and experience.if you're a beginner i do not recommend you to do this kind of trade.
because the majority people will lose their money instead of gain profit from it.

it would be better for you to implement 'the saving' start for you trade,
because you need an experience to read the market,news,developent and etc.
everything is a clue to determine the price and movement.

No one can play fast in trading, need knowledge, hard work and patience if you want to succeed in trading. Play fast will make you panic, if you panic you will lose everything. so simple.

Don't try to act fast and lose opportunities. Good traders never buy in a panic. They wait for the right moment to dip into the market and place their orders. Buy when the price is low. Keep an eye on the coin and read it charts. Wait for the coin to reach the bottom and buy in when the price is right. You have to learn the basics in order to achieve big. Calculate your target and sell when the price is achieved. Don't be greedy and lose your profits. Patience pays.

can you explain this description (how to play fast in trading).?
because I am still a beginner (newbie) and want to learn from your experience all.
thx