how to trade efficiently? - page 19.

Xiomara

newbie

Activity: 101

Merit: 0

Quote from: ranman09 on December 19, 2017, 09:09:48 AM

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 trade mostly on safe coins like the ones in the top 10 of the coinmarketcap.com. I felt safe with them. Good thing i've read this thread I have been following a chat and they mostly have calls that are up for a second and then down. Seems like those kinds of calls manipulate the market just for a while.

Absolutely agree, you should choose coins more carefully, it's better to buy a little but with certainty that it will grow in price. For this, it is necessary to observe the market and study the issues of price changes!

RealPhotoshoper

legendary

Activity: 1050

Merit: 1001

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.

Long term trading needs a proper analysis , otherwise it could be wasteful.
For example , in 2 days you should have gained profit more than 50% if you do day trading with scalping technique.
But as you have a plan to trade it in long term , by the end of the day your plan ended it goes down to -30% guess how much you have lost? Time and value! You still need a proper analysis.

ranman09

full member

Activity: 756

Merit: 112

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 trade mostly on safe coins like the ones in the top 10 of the coinmarketcap.com. I felt safe with them. Good thing i've read this thread I have been following a chat and they mostly have calls that are up for a second and then down. Seems like those kinds of calls manipulate the market just for a while.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: Rcpogzhn on December 12, 2017, 12:34:48 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.

I think daily trading is too much stressful and time consuming. We are trying to make money to be able to do what we wanna do. And all the things we wanna do are gonna make us happy. If you get overwhelmed with daily trading success, you will fail at the first step of being happy. I think it this way. Long term investment to solid coins is the best option in this point of view.

It is highly stressful. I remembered when I started trading like this and I ended up getting myself so worked up than I can ever imagine and if not that I was really using much to trade, which I was able to get some good profit, I would not classify it as something worth it. It is always better instead to look for good trading positions and then do your thing. That is absolutely much better.

The tip to OP is if you are sure you know what you are doing and you have your strategies, you do not need to over work yourself. All you need to do is to always find a good market and use your analysis to find the best position to get in.

with some applications like coinigy, you can set alarms to notify you when that value is hit and then you enter your trade. With that, you can be making a whole lot trading without stress.

upsidedown75

legendary

Activity: 1288

Merit: 1036

Quote from: SONG GEET on December 12, 2017, 01:30:12 PM

- Don't buy any coins which are dumping hard or it is pumping hard
- Don't keep shitcoins with zero volume in your bag
- Don't put all your money in only one crypto
- Don't follow FUD/HYPES and buy/sell panicly
- Don't trade with your emotions, go with technical analysis
- Don't use all you have for trading, only use which you can afford to loss.

That last part is extremely necessary and even pro traders who know what they are doing know it is not the best idea to go all in and trading all that you have.

Trading however has been fun, and once you know what you are doing, it would always be so cool when you are making good quality decisions and seeing them coming through as expected and even if they do not, you still always know how to cautiously get out of the trade.

Visbay

sr. member

Activity: 1236

Merit: 252

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.

It’s a very good question about trade because I heard that some people they quit their from their trade and it’s a very bad news about it what I believe that trade is a very good source of income I know that some time you will face difficulties in here but on next day everything will be normal and you can take your profit for trade you will have to choose a very good and attractive thing with good price for your customers you can also use discount option for your users.

NuttyOrange

newbie

Activity: 65

Merit: 0

Quote from: super5star on December 18, 2017, 08:20:30 AM

Quote from: justdimin on December 16, 2017, 03:52:15 AM

Quote from: saaux on December 12, 2017, 09:00:56 PM

Quote from: bitcoinking11 on December 12, 2017, 02:56:49 PM

I think the best strategy is to starts with a small amount of money. Buy when the price dips and sell when the price increases. As you gain experience invest more.

that will be my starting game too.

A lot of people keep making this huge mistake and looking only for dips and watching out for when the increase will come. You need to know what you are doing, and also analyze chats. Even at dips, you need to wait for the right moment to get in because what you are looking at as dip, may not even be the last moment of dip yet.

Learn, learn and learn even if you want to start with small and stop thinking you can gain the experience by just starting and then learn from it.

Trading requires your time – most of your day, in fact. Don’t consider it as an option if you have limited hours to spare. The process requires a trader to track the markets and spot opportunities, which can arise any time during the trading hours. Assess how much capital you're willing to risk on each trade (most successful day traders risk less than 1-2% of their account per trade). Set aside a surplus amount of funds that you can trade with and are prepared to lose (which may not happen) while keeping money for your basic living, expenses, etc.

Besides from what you have said. It needs to have an extensive knowledge on how to market runs. One must be able to study and master the trading in order to be successful in trading.

super5star

full member

Activity: 313

Merit: 100

Quote from: justdimin on December 16, 2017, 03:52:15 AM

Quote from: saaux on December 12, 2017, 09:00:56 PM

Quote from: bitcoinking11 on December 12, 2017, 02:56:49 PM

I think the best strategy is to starts with a small amount of money. Buy when the price dips and sell when the price increases. As you gain experience invest more.

that will be my starting game too.

A lot of people keep making this huge mistake and looking only for dips and watching out for when the increase will come. You need to know what you are doing, and also analyze chats. Even at dips, you need to wait for the right moment to get in because what you are looking at as dip, may not even be the last moment of dip yet.

Learn, learn and learn even if you want to start with small and stop thinking you can gain the experience by just starting and then learn from it.

Trading requires your time – most of your day, in fact. Don’t consider it as an option if you have limited hours to spare. The process requires a trader to track the markets and spot opportunities, which can arise any time during the trading hours. Assess how much capital you're willing to risk on each trade (most successful day traders risk less than 1-2% of their account per trade). Set aside a surplus amount of funds that you can trade with and are prepared to lose (which may not happen) while keeping money for your basic living, expenses, etc.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Trading is like gambling where the risk is very high but if you are cautious and intelligently analyze how the trend goes, you will make more profit. There is no instant money, no instant millionaire at trading, if you can cite some few, it's just a sort of luck and might happen once in a blue moon.
You must know the history of a certain coin, know the trading volume, previous prices and then analyze if you can make profit by buying them in a certain period where the price is going low and there might be a chance of getting high again later and give you some profit.

Anait

member

Activity: 218

Merit: 11

To trade efficiently you need to be skilled enough to know about the market in a precise manner. Next thing is the funding or the amount required for buying and selling of altcoins to bitcoin as well to other pairs. This don't get you profit every time, so efficiently trading too is possible to some extent.

Drnice

sr. member

Activity: 588

Merit: 251

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.

peopleupsetmeup

newbie

Activity: 55

Merit: 0

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.

The golden rule, coins that seem to be too good to be true, ain't the way to invest.
Also while trading remember to trade in between stable coins in order to catch up the game.

wayaneka

full member

Activity: 644

Merit: 101

In my opinion learn about fundamental of the each coin first to find coin that has good and strong in fundamental and then choose that some coin by maksimum 5 coin, divide the capital to each coin and hold it in a few month. This strategy will take very less time than day trading and will be efficiently and also will be more easy and profitable.

anitaraymonds

full member

Activity: 490

Merit: 100

These are some vital points to note as a new trader, most of the veterans are also abreast with it.
1. Always have a trading plan.
2. Always trade with a predetermined stop loss
3. Always have a predetermined take profit
4. Remove yourself from trading( Emotion) trade only what the market is telling you.
5. Do not revenge against the market.
6. Trend is your friend follow it.
7. Have a good capital base.
thanks good luck.

piporipo879

newbie

Activity: 17

Merit: 0

Quote from: Rcpogzhn on December 12, 2017, 12:34:48 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.

I think daily trading is too much stressful and time consuming. We are trying to make money to be able to do what we wanna do. And all the things we wanna do are gonna make us happy. If you get overwhelmed with daily trading success, you will fail at the first step of being happy. I think it this way. Long term investment to solid coins is the best option in this point of view.

I think you are right:)

bitcad4u

sr. member

Activity: 602

Merit: 255

Quote from: herurist on December 17, 2017, 01:56:09 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, trust your skill and never listen about people share their profit without proof. Second, money management become basic point about how control your asset. Simple explanation is, even you get wrong analyze there's asset to cover it, so you can replace it on the right moment over and over again. Last one, when reach the target just leave the market and never come again ( disciplines ). That what i'm doing and make survive and get income.

Bitcoin is a digital currency system and it's trading is the one of step in the bitcoin system and it's including selling and buying ,the selling is sell the bitcoin in bitcoin system,You need to practice trading to learn about it and try to improve trading skills like collecting news , volume analysis.Only the practice make you to perfect in trading.

herurist

sr. member

Activity: 1680

Merit: 259

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, trust your skill and never listen about people share their profit without proof. Second, money management become basic point about how control your asset. Simple explanation is, even you get wrong analyze there's asset to cover it, so you can replace it on the right moment over and over again. Last one, when reach the target just leave the market and never come again ( disciplines ). That what i'm doing and make survive and get income.

ChrisSand

newbie

Activity: 72

Merit: 0

Try to do an extensive research or take special courses in trading in that way your skills in trading will develop. Also experience is a great way to teach you and develop your trading skills try though with small amounts.

KeithBeeCham

member

Activity: 252

Merit: 22

Marketplace for sensor data

I think it's really hard to share with you about trading strategies, they will never sharing it to you free

). Maybe they have to spend a lot of time and lost a lot of money to be able to trade like at the moment so I think you'll never being able to get it for free

). For now when you don't have much trading skills and experience I think you should find out the courses about trading and join to learn about it, try to imrprove trading skills like collecting news, volume analysis,....

Laland

full member

Activity: 317

Merit: 104

Bounty manager

Quote from: Qartersa on December 17, 2017, 10:52:17 AM

Perhaps right timing? There is no hard and fast rule in trading but right timing is key. Right timing per se is subjective because it would mainly depend on the amount you have vis-a-vis your target amount. One rule of thumb, however, is to sell high and buy low. This is the sure measure that you are able to profit from this undertaking. Moreover, you have to take note of the time when you bought and sold your Bitcoins because it is a determining factor on how well you are earning within a period of time.

A lot of traders mostly regret their decisions also because of eagerness to buy or sell. Because in these deal, even 10 minutes, their is a great price increase especially in bitcoin. I remember the time when it went to 5000K dollars during that chinnese crypto ban. It was just in a short span of time but many people did buy in that time. Altcoins may work differently but that is why they are more likely to become a long term investment than some short term

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