how to trade efficiently? - page 20.

semobo

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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.

If you want to be a trader then choose your own way of trading style.
The basic rule or tip in trading is buy low and sell high,so you need to have good amount as investment if the price of the coin falls they you have to buy more and sell it when the price increased.Try to do more Small trades as much as you can don't wait for a big trade,trade only if you can make profit otherwise just keep it, don't sell in a hurry when the price started to fall.

Qartersa

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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.

Brkucz

newbie

Activity: 2

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well there are some strategies which are based on people which can show variable results. You can focus on tech analy. Some people who dont know how to trade, mostly consider to check projects and the coins's white papers to see what they offer for the future. So this is more likely about fundemental analy. This one is also very good point to trade efficiently.

DrGuns4Hands

hero member

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Merit: 550

leave the day trading to the bots but i suggest you go on a long term, and have a lot of patience when you want to start on trading because trading needs patience and compassion about it, and trust no one lol.

Xenrise

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Merit: 251

Well, to trade efficiently, you should go and study first the basics in trading. In trading, you should first train yourself on what to come so that you can deal with your trades.

upsidedown75

legendary

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Quote from: richmcrich on December 15, 2017, 03:38:22 AM

It needs a lot of homework and concentration to be successful trader. It is important to have understanding of the current market where you want trading or investment. It also depends on the capital you are willing to invest in the market or trading. Trading requires great efforts which need time, if someone have sufficient time for his day trading then he should start from minimum of his capital and those having no time should opt for long term investment.

A whole lot of it. A trader was not born in a day; it took a lot of effort from learning and hard work to get there. There are so many things you look out for in every trade and there is no way you can know them if you do not have the proper knowledge.

A lot of people who call themselves traders have been gambling all these while and only if they knew that all it would just take them will be some few weeks of learning and that is all. From there, things would become so easy that it would be like film trick.

gilangIDR

legendary

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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 do not want to be bothered with complicated strategies. In my thinking that when I already get a profit margin then I will do trading action. Because I think when we've got a chance then we have to make a decision soon. Do not wait too long because it will only make us experience disappointment, I do not want to regret when we missed the opportunity and I think that opportunities will never come easily.

BobBct

sr. member

Activity: 616

Merit: 250

Trading is HARD, not gonna lie. you need to be self tamed before you can actually trade because i am very sure you will loose money in the process to be a pro trader.

vv181

legendary

Activity: 1932

Merit: 1273

Quote from: ralle14 on December 17, 2017, 03:58:06 AM

Quote from: Dontme on December 15, 2017, 03:44:19 AM

Very good advisers. But how did we know if this coins has a great potential for us to buy more of it. Im just an still newbie at this kind of way. I think I need more advice guys.

You have to know more about the coin. Stick with the big coins like btc eth dash xmr ltc. Never invest on coins you're not familiar with.

Agree, well-understood the coins is really good in term of trading. Just pick the amount coin that you can control then try to understand hows the coin market move. I have been doing this strategy, and I really make a significant profit just by doing the swing trade the coin.

Grossthschild

newbie

Activity: 35

Merit: 0

It is hard to trade efficiently.
Trading should be optimized.

The best trading is always having cash to get in.
Each time falling.
Buy more.
Each time jumpimg, pump hard

I am rich

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

Quote from: Dontme on December 15, 2017, 03:44:19 AM

Very good advisers. But how did we know if this coins has a great potential for us to buy more of it. Im just an still newbie at this kind of way. I think I need more advice guys.

You have to know more about the coin. Stick with the big coins like btc eth dash xmr ltc. Never invest on coins you're not familiar with.

Quote from: Jaya912 on December 17, 2017, 02:57:03 AM

Bot is not always better than us as life people when decide something.
I know bot is not greedy at all, it works based on program but leave trade 100% to bot is daangerous.

Have you tried using a bot? It's not better than us but it can help you with your trading activity. It saves up time because the bot does all the work so you don't have to watch the price for the whole day just to make a quick profit.

anthinguy21

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Activity: 280

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OPEN GAMING PLATFORM

I think if you want to earn a lot of Bitcoin or money from trading at the moment, you should try to use some trading bot and trading signal service. You'll received a lot of signal to trade when you used these tool, while you earning money by using bot and signal service, you can also get more trading skills and experience then when you get enough trading skills so you'll no need to use trading bot and trading signal service anymore Cheesy

Jaya912

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Activity: 280

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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.

Bot is not always better than us as life people when decide something.
I know bot is not greedy at all, it works based on program but leave trade 100% to bot is daangerous.

xuan87

legendary

Activity: 1666

Merit: 1001

First of all in trading you must do your own research, I think most of the beginner always take suggestion from the signal trading group, don't believe them 100%, study the market behavior, and always act fast and don't panic, some of the trade need immediate action some of them need a long wait, build your experience and don't afraid of losing money, if you too stressful with daily trading, just trade when you sure you can get profit, you become a professional trader by earning maximum profit not by trading every day

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: goaldigger on December 16, 2017, 08:39:38 PM

Before going into a war for example, you should know first the status of your enemy , whether to attack or defense. Its more likely in trading. Before investing on that particular investment, first knkw its history and analyze whether its chart are continuesly get high or drops down. Better be for atleast 75% of probability to earn before investing.

You must equip yourself with a very good knowledge about trading and it can help you earn profit. In trading you will not always win, in order for you to be more efficient you should know the basic thing and study more later on. Trading is very profitable specially when you trade with confident and strategy.

Dimonhamon

full member

Activity: 630

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In the field of trading, the main thing is to be calm. Do not take dishonest action. You need to start with a small amount to understand how everything works. And to study, study, study!

wuvdoll

legendary

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Merit: 1025

Quote from: Nerman on December 13, 2017, 12:02:24 AM

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 you need understand how risky trading is, because if you do not understand it most likely you will get emotional and be illogical when trading. If you think you can control your emotions when trading then study technical analysis there are thousands of tutorial videos in the internet, You do not need to learn chart reading specifically in crypto currency chart for stock market and forex are okay because all of them has the same concept. Practice by creating a demo account, do not rush creating a live account. If your trade are winning in Demo account it does not guarantee that it will be the same in the live account but at least you have some experience in trading.
Diversify but do not over diversify i personally have three to five coins for trading but I am holding a few more on my long term. Also do not listen to some random person in the internet all of has their own motive, you will notice this in social media like facebook and telegram ignore them do your own research.

Really, that is the reason why a lot of traders get emotional and then they panic seriously until they get frustrated to stop trading. I have been there !

There is something that learning gives you, some little confidence to do it well. And when you start practicing all the stuffs you have learned, you start gaining even more confidence in applying them very well until you become a pro. Every pro started from somewhere and rushing would only make it worst.

sana9826

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Activity: 145

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i think the beat way of trading is for long term investment. not daily trading that will bring you to loss everyday, it's totally high risk. when you do longterm investment, you just need to hold it, when you feel time to sell, just sell as well you get profit more. but you need the best coin to start of good investment. my suggestion is bitcoin, if you interest with another coin to be invested, split your funds into some part portfolio.

appiivenkii

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Activity: 270

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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.

Always balance ur portfolio ..never put everything in single basket.if u trust the project and made a research then HOLD on to it..never sell for short term gains in good Cryptos...dont depend on twitter/telegram calls ..market is vast make some time and research..dont get into FOMO

soname12

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Activity: 266

Merit: 15

I agree with you people are very important. If you are serious about the crypto market then you should research a bit about technical analysis, finding coin information, participating in communities to improve your knowledge.

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