How to Trade cryptocurrencies comfortably with profit - page 6.

emberbekas

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Quote from: deonyx on June 02, 2018, 05:21:32 AM

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

Having a plan and keep steady with it will provide great assistance for us to minimize emotional intervention that can change at any time. Fluctuations will surely trigger our minds to react emotionally especially when prices move against us. With a plan I hope we can avoid such thing to happen oftenly.

Bijikopi

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Quote from: wayaneka on October 14, 2018, 11:08:47 PM

We now understand trend of crypto market and the level high of the fluctuacion so from it we should have some skill to predict the trend of crypto. By know the trend of crypto we will know as well when should be entry to the crypto market and when should be exit. High fluctuacion is mean high too risk so to minimize the risk we should be have risk management like use stop loss.

precisely. if we already understand the increase and the potential increase, then we are able to trade and we can benefit. because with the correctness and correct prediction of increase, the situation will be in our hands. crypto trading only requires our accuracy in understanding price movements.

shesheboy

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Quote from: GreatArkansas on March 10, 2019, 08:12:58 PM

Trading cryptocurrencies are really risky, so much volatile Because there's a lot of shitcoins out there

cryptos are known to be volatile not just because of sh*t coins but because that is thier nature just before they created . that what makes them risky . sh*t coins that are scattering around is what makes them more harder because these can make us confuse about the coin choice .

Quote from: GreatArkansas on March 10, 2019, 08:12:58 PM

and I believe that fundamental analysis is also good for trading,not all technical, also include the fundamental analysis.

both fundamental and technical analysis are good addition to make your self more confident when doing trades however you will still need a little a bit of luck because the coins can sometimes move in different direction due to other known factors .

Quote from: GreatArkansas on March 10, 2019, 08:12:58 PM

We can earn huge profits but the negative side is we can also make huge losses.

thats the effects of volatility . the price can go up and down . we can loose or earn depending on our decision making .

GreatArkansas

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Trading cryptocurrencies are really risky, so much volatile. Because there's a lot of shitcoins out there and I believe that fundamental analysis is also good for trading, not all technical, also include the fundamental analysis. We can earn huge profits but the negative side is we can also make huge losses.

miropp

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At the moment, there are a sufficient number of trading strategies and therefore everyone can earn money comfortably. Trade is not so hard, the main thing to understand what's what.

whirlcoin

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The experienced traders definitely had some strategy to make their trading more profitable because the strategy will always comes with the experience for your person so if you could be a new person to this field in need some training and guidance otherwise it will be a very tough for situation to take the profit for your trading.

Xising

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Quote from: deonyx on June 02, 2018, 05:21:32 AM

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

I agree with you on that mate. Trading is such a stressful trade that many have given up just after a few tries on trading, and I can't blame them, because a lot can really happen, and most of them are bad ones. So, it's hard to keep your hopes up and think positive that everything will go right just the way you wanted. However, in the recent months, I have learned that for one to have a comfortable way of dealing things in the cryptocurrency market, we should not be too obsessed with wanting to get such a high margin of return, especially when the market is not doing good. For me, I always look at it in such a positive way that having small profit is always better than having no profit at all, more so losses.

StarofBTC

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Quote from: maxreish on March 08, 2019, 04:00:30 AM

Keeping calm while you trade is really hard to implement. I may agree that having a mind set will probably help you reduce panic when your entry isn't the way it supposed to be. But when you do have a patience, you still earn some profit even the situation wasn't that as expected.

When I made up my mind to choose the line of trading and I decided to go for the proper training, my mentor said one thing to me, he said, never you go into trading when you are not mentally and emotionally prepared for it and how can you be mentally and emotional be prepared.

Never see trading as a get rich quick scheme even when it eventually does, never see it as a matter of life and death and never trade with money you cannot afford to lose and lastly, see every failure as an experience to learn more. With this, we can be patient enough when trading till we are able to become a professional trader, then we can invest more into it.

WillyZ

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Crypto24Radio.com ❤️

I recently came across a smartphone created by BitWings which supposedly could mine up to 2 ETH per month. Based on the price of their phone and the cost of activation, the phone will start generating profit after 6 months and it's smooth sailing from there on. The phone is not out yet but they did showcase it at the Mobile World Conference last week.

maxreish

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Keeping calm while you trade is really hard to implement. I may agree that having a mind set will probably help you reduce panic when your entry isn't the way it supposed to be. But when you do have a patience, you still earn some profit even the situation wasn't that as expected.

Sum24

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Quote from: Lalafell on January 12, 2019, 12:52:17 AM

Quote from: Malamok101 on October 16, 2018, 11:00:21 AM

For comportable profit in trading just pick some good coins and safe investment to trade your cryptocurrency altcoins that can make you some profit to earn as slowly but surely profit.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.

Exactly we don’t know what will happen but we will have to take risking we will it take risk it will Ben good. It’s good opportunity not to be so greedy for selling early and taking out investment. To trade profitably it needs patience and time so right now It’s better not to trade but best time is to buy as much as you can so that selling after few years will give you double profit.

darewaller

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This has been a topic for couple years now and seriously noone has figured it out yet. When you have too much money (hundreds of millions of dollars like a bank) than I am sure you would be capable of changing the market the way you want and that is a way to trade crypto the way you want.

You can literally buy crypto from cheap over the counter from a set price instead of buying from the market so you don't get a loss but than you can sell it on binance and drop the price of bitcoin single handedly and cause panic sells coming in, which would mean you can use your cash on bitmex short futures and make money.

Obviously, you would need enough money to buy and sell at a level where it affects the market, someone with couple thousand dollars wouldn't even be remotely enough, you need at least 100+ million dollars for such a deal. Aside from something like that, there is no comfortable profit in crypto trading.

mersal

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Quote from: rhomzkie26 on January 12, 2019, 12:07:37 PM

To trade cryptocurrencies comfortably with profit, we need to be wise in choosing coins in every exchange platform.
Also we need to control our emotions too, it is because this is the reason most of the time why traders in the community of crypto trading
always lead into loss of their coins.

Getting profits will be more easier when comes to cryptocurrency field especially in trading you can definitely get some good profit in short period of time but in the starting stage there will be a problem will be there for all the new traders but when the days making you stronger your experience will be more important to play this Vital role for huge profit.

rhomzkie26

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To trade cryptocurrencies comfortably with profit, we need to be wise in choosing coins in every exchange platform.
Also we need to control our emotions too, it is because this is the reason most of the time why traders in the community of crypto trading
always lead into loss of their coins.

QuadsPoker

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nothing is impossible

Quote from: deonyx on June 02, 2018, 05:21:32 AM

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

always put your emotions aside and do not be greedy. You will only loose money if you sell your assets at a lower price than you bought. its as simple as that. But the biggest problem is people enter at the wrong moments and get stuck in a position for a long time. I am using the bollingers and dip strategy to track small dips that will mostly recover within a matter of 5 minutes to a couple of hours. This strategy only brings about 0.5-1.5% profits per trade. But doing multiple smaller trades every day will result in nice overall profits

mariah.sadio

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If you are just a beginner then start trading to and from the usual type of cryptocurrency which a lit of people know and heard of. Then if you already have experience from trading then start trading to other crypto.

iv4n

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Quote from: boyz97 on January 12, 2019, 06:54:04 AM

Quote from: gabmen on January 12, 2019, 06:47:17 AM

Quote from: gabbie2010 on January 12, 2019, 02:58:05 AM

Quote from: Ronaldcoin2017 on January 12, 2019, 02:30:22 AM

Quote from: BitcoinHunt3r on January 12, 2019, 01:49:12 AM

Quote from: Lalafell on January 12, 2019, 12:52:17 AM

Quote from: Malamok101 on October 16, 2018, 11:00:21 AM

For comportable profit in trading just pick some good coins and safe investment to trade your cryptocurrency altcoins that can make you some profit to earn as slowly but surely profit.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.

everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.

I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.

In addition to these cryptopcurrencies are very volatile thus becoming very difficult to trade at times while defying all sorts of technical analysis despite his skillful a trader is although volatility and momentum are needed in trading however a normal movement is required to conform to price action to reduce emotion.

Basically you'll only be comfortable when you're not afraid to lose the amount you put in. So first you have to condition your mind that there are chances that you won't have a successful trade all the time. That would ease pressure in making profit. Your profit will come in time through patience and experience.

and if we trade only 2 % from our balance i think our psychology will feel comfortable.we could stay calm although market crashing.and but most investors said its impossible to trader with 2% our balance.when they could be rich?

For comfortable trading go to some furniture store and buy a nice chair, comfortable one and trade form that chair, it's first thing, second is what man above says, you need to feel free with your money, to not be afraid from losing it, it's same from gambling, if you are to careful you can miss good trades, and when you start to regret for that you will risk more and that's the moment when you start losing. In trading like in gambling you win and lose, what makes the difference is winning more than losing, for that you need to risk sometimes.
2% from 10 dollars and 2% from 100k dollars is a big difference, when will you get rich with 2% is easy to tell, calculate how much is 2% from your capital and do the math.

boyz97

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Quote from: gabmen on January 12, 2019, 06:47:17 AM

Quote from: gabbie2010 on January 12, 2019, 02:58:05 AM

Quote from: Ronaldcoin2017 on January 12, 2019, 02:30:22 AM

Quote from: BitcoinHunt3r on January 12, 2019, 01:49:12 AM

Quote from: Lalafell on January 12, 2019, 12:52:17 AM

Quote from: Malamok101 on October 16, 2018, 11:00:21 AM

For comportable profit in trading just pick some good coins and safe investment to trade your cryptocurrency altcoins that can make you some profit to earn as slowly but surely profit.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.

everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.

I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.

In addition to these cryptopcurrencies are very volatile thus becoming very difficult to trade at times while defying all sorts of technical analysis despite his skillful a trader is although volatility and momentum are needed in trading however a normal movement is required to conform to price action to reduce emotion.

Basically you'll only be comfortable when you're not afraid to lose the amount you put in. So first you have to condition your mind that there are chances that you won't have a successful trade all the time. That would ease pressure in making profit. Your profit will come in time through patience and experience.

and if we trade only 2 % from our balance i think our psychology will feel comfortable.we could stay calm although market crashing.and but most investors said its impossible to trader with 2% our balance.when they could be rich?

gabmen

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CryptoTalk.Org - Get Paid for every Post!

Quote from: gabbie2010 on January 12, 2019, 02:58:05 AM

Quote from: Ronaldcoin2017 on January 12, 2019, 02:30:22 AM

Quote from: BitcoinHunt3r on January 12, 2019, 01:49:12 AM

Quote from: Lalafell on January 12, 2019, 12:52:17 AM

Quote from: Malamok101 on October 16, 2018, 11:00:21 AM

For comportable profit in trading just pick some good coins and safe investment to trade your cryptocurrency altcoins that can make you some profit to earn as slowly but surely profit.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.

everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.

I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.

In addition to these cryptopcurrencies are very volatile thus becoming very difficult to trade at times while defying all sorts of technical analysis despite his skillful a trader is although volatility and momentum are needed in trading however a normal movement is required to conform to price action to reduce emotion.

Basically you'll only be comfortable when you're not afraid to lose the amount you put in. So first you have to condition your mind that there are chances that you won't have a successful trade all the time. That would ease pressure in making profit. Your profit will come in time through patience and experience.

gabbie2010

sr. member

Activity: 2590

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SOL.BIOKRIPT.COM

Quote from: Ronaldcoin2017 on January 12, 2019, 02:30:22 AM

Quote from: BitcoinHunt3r on January 12, 2019, 01:49:12 AM

Quote from: Lalafell on January 12, 2019, 12:52:17 AM

Quote from: Malamok101 on October 16, 2018, 11:00:21 AM

For comportable profit in trading just pick some good coins and safe investment to trade your cryptocurrency altcoins that can make you some profit to earn as slowly but surely profit.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.

everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.

I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.

In addition to these cryptopcurrencies are very volatile thus becoming very difficult to trade at times while defying all sorts of technical analysis despite his skillful a trader is although volatility and momentum are needed in trading however a normal movement is required to conform to price action to reduce emotion.

Topic: How to Trade cryptocurrencies comfortably with profit - page 6. (Read 1536 times)