how to trade efficiently? - page 14.

darewaller

hero member

Activity: 2926

Merit: 640

Quote from: ZenRoy on December 16, 2017, 09:48:53 AM

1. Read books, watch videos and webinars, make friends with those who know how to trade. 2. Make your own system based on YOUR OWN experience. 3. Stick to that system and never factor in the advice of other people.

Each of us has our own style in trading. Most of the time, it won't make us efficient by copying other trader's style.. It makes us dependent.

Trading is an art and we really need to put in the best of our efforts to become a successful trader. The most effective way of trading is to learn as many things as you can. In addition to this, you need to learn chart analysis and keep yourself up-to-date. Seek guidance from the experts and try to start with the small amount of investment in the start and then increase the amount of investment.

lenovo16

full member

Activity: 210

Merit: 120

Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

For me the best thing that you can do , when you trade a coin is to monitor regularly the movements of this price. Because its a big factor that the you know when you are going to buy and when you should sell for you to have a better income. Aside from that you should also educate yourself and ask for some expert about the technique that you can adopt to be a better trader. There no wrong it trying to better, just make sure you do it right and not just because of greedy.

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

I think it is impossible for us that we do trade with an efficiently way. All traders do mistakes and learn from mistake and next time they could earn profit. But actually efficiently way is how to earn profit from coins, then i buy coins which i have information that in the coming time its price will be grow then i take a risk and buy that coins and earn profit when its price up, otherwise all the time i use my money only in bitcoin.

nguli

member

Activity: 336

Merit: 10

Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

efficient trading in my opinion is to invest or buy altcoin a lot with the price is still cheap, if only holding 1 coin like bitcoin alone will not be efficient because its income can not be much and maximum

Usafstar

full member

Activity: 378

Merit: 100

I think trade is a very sensitive job for me it is very difficult and problematic but for the expert traders it is easy and they efficiently trade all currencies. In the crypto market there are large number of exchanges which are trading these coins from many years and still they are doing efficiently and effectively. for us if we want to trade efficiently then the market knowledge is necessary for us.

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: Duogembrot on December 26, 2017, 10:38:48 PM

Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

you can trade efficiently if you do not buy coin only 1 coin, buy another coin alternative for your assets to grow and grow rapidly, at least have 10 coin alternative is enough to enjoy its results when the price is on the rise.

There are a lot of good and bad coins but you need to learn how to do money management because that will make you not trust on limited coins only which would give you bigger risk. Efficient does not mean you will be in profit all the time, in crypto it's like a roller coaster ride due to the price volatility but what you have to made sure is that you end up profitable.

aencarnaci

sr. member

Activity: 448

Merit: 281

Quote from: Drnice on December 17, 2017, 09:29:50 PM

Day trading is risky to starters/new traders, which can make you loss all your investment and no capital at all. It is more better you go for a long term trading plan, buy some few coins (after a good time on research about those coin) when there is dip in there prices and wait for it.

The basic requirement of trading is time because you will have to spare time to your trade as trader first you will have to learn from others how they manage their business and get profit from the market as new trader will have to work hard as to keep in touch with the market every time and observe how and why the prices go up and come down so the successful trader invest when the prices are low and sell when the bitcoin value increase in the market.

ele-van

member

Activity: 91

Merit: 10

If you read the @marcPmarkets column the other day, forming bad habits now will eventually result in that feeling of OHH @#$% feeling. So we stick to our plan and our strategy and are picking up some coins we wanted to add, adding back to ones we shaved off, but of course, keeping some cash which limits our liabilities in the event this is a fake break. Patience and money management is key here!

Duogembrot

full member

Activity: 476

Merit: 100

Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

you can trade efficiently if you do not buy coin only 1 coin, buy another coin alternative for your assets to grow and grow rapidly, at least have 10 coin alternative is enough to enjoy its results when the price is on the rise.

coin_1122

full member

Activity: 1134

Merit: 102

Quote from: Babebottle on December 26, 2017, 10:17:34 PM

I do not understand how you define efficiently, i usually buy and hold for a while, if it goes up then i would sell some of it.

I think he is not taking about long term holding. He is taking about the people who are trading daily, but it is very difficult to manage day trading because value will change with in seconds. So it is very tough job for people who are doing day trading.

Babebottle

member

Activity: 112

Merit: 10

I do not understand how you define efficiently, i usually buy and hold for a while, if it goes up then i would sell some of it.

chris200x9

legendary

Activity: 1316

Merit: 1011

Quote from: NJB18 on December 26, 2017, 01:40:41 AM

Quote from: MirandaGreen12 on December 25, 2017, 10:28:16 PM

First of all you should keep in mind that day trading is quite risky for newbie traders, you can loose everyting in a moment. It's better to have a long-term plan, choose some coins and wait for profit. Trading is some kind of gambling in many ways. The same degree of risk, you should be really cautious and intelligently analyze how the trend goes, then you will make more profit.

Seriously? Trading has the same risk to gambling? You do know gambling casinos have house edge with land based casinos having higher.

He is not talking about house edge but he is trying to say that if one don't manage their trades properly then they got a high chance of losing money similar to gambling. I do agree that particularly in day trading because in day trading no fundamentals will work, prices can go in both directions means it is a guessing game similar to gambling. But if you buy some good coins and hold them until it goes up then it is a different method.

wayancrypto

member

Activity: 462

Merit: 11

Control your emotion and dont over trading but keep focus analysis the market. Over trading only make tired and finally we can not control emotion and also will be greedy. And also dont forget always patience and thinking twice to get better price when buy any coin.

ChrisSand

newbie

Activity: 72

Merit: 0

I think the simple virtue that most traders have in doing an efficient trading is PATIENCE. Having patience being composed in any situation makes all traders profit more and more likely will not commit any mistakes.

Gabb

full member

Activity: 392

Merit: 105

Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

You're right. Each trader has different ways of focusing their trading strategies according to their investor profile, but in my opinion the most important aspect of trading is undoubtedly money management, as well as the discipline to stick to your rules at all times and emotional control to make your decisions only and exclusively guided by reason, leaving emotions aside.

hritevanz

member

Activity: 182

Merit: 10

Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

Trading is a process of buy and sells which is popular for the businessman. Analyzing how the market works for sure will help a lot in order to get informed about how to become a good trader. The basic rules on how to trade efficiently has been said by many people here on the forum and for me, you should read them because some expert out there is trying to help you. Based on my friend’s experience from trading, dealing with this has a great risk.

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

The basic rule in crypto trading is buy low and sell high so you need to analyse the market always and need to choose some good coins and some volatile coins as well because they will make huge price bump in very short time so you can trade them at that time to have more profits.
But in trading many people will wait for the big trades but you need to do more small trades which is good than doing one big trade.

Mr.Junker

full member

Activity: 222

Merit: 250

Bitcoin ATOM FORK 1 BTC = 1 BCA

Quote from: carlfebz2 on December 12, 2017, 12:18:11 PM

Quote from: Mi5h0 on December 12, 2017, 12:07:09 PM

Quote from: kuronokishi10 on December 12, 2017, 08:43:38 AM

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

First of all, leave day trading to the bots! Go for longer term trades on recently heavily dumped coins. Don't diversify too much, and don't buy small amounts of a lot of coin. You will end up only with scraps. Concentrate on few well researched coins instead. Hunt down coins with solid, new technology and buy the dips.
And stay away from pump groups. The good ones are closed clubs with rather high buy-in price.

Good suggestions but he can actually make day active trades but depending on how much time he would put up into trading.If time is to hectic then better go for longer terms when it comes on trading cryptos and as being suggested don't diversify too much and it much better to have a few coins but on solid ones rather than on have many but on weaker or doesn't have any potential for long term.This would really matter on how a certain individual would do its just like on researching up important things.

I agree with all of you, maybe the points are almost the same, hold coins for a long time, by doing monitoring, and do research for all coin that we will support, the need to do research is to guarantee the continuity of the coin .... for how much can we do? invest we do not half to be all out, to get maximum results as well, in fact when will end up to hold only we know.

darkywis

full member

Activity: 308

Merit: 100

BIG AIRDROP: t.me/otppaychat

Observe the flow of the coin and research on it.
Put some stop loss on your trading in case of severe dips.
Be patience and don't panic.
Stay away from the HYPE groups because the announcer and his close friends only benefits from the pump.

dianalevchenko16

newbie

Activity: 17

Merit: 0

did anyone try simdaq? it seems to be an artificial trading platform, that teaches trading trough gamification
https://simdaq.com/

https://bitcointalksearch.org/topic/annico-simdaq-platform-for-crypto-trading-2413752

Topic: how to trade efficiently? - page 14. (Read 2797 times)