Topic: how to trade efficiently? - page 21. (Read 2797 times)
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.
Trading efficiently would require you to make a system where your trades have a high probability of gaining and lower probability of losing. I think it's called risk:reward ratio.
Psychology is also a problem if you are not good psychology you will lose more than interest in trade. Seriously, analysis is the most important part of a trade that is sometimes incorrectly analyzed but about 70% of the analysis is accurate.
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.
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.
In my opinion, you need to read books and news, watch videos and seek advices from someone who are expert in trading. With that, you can learn the best techniques and strategies from their experiences. When trading Bitcoin, it really depends on your goals, either short or long term. As I have noticed, most of the successful traders in Bitcoin, they go for a long term strategy. As you notice from early this year up to this day, the price of Bitcoin is keep on increasing and if you do hold your BTC, you are now earning much income. Just read the forecast about Bitcoin so that you can make plans. Don't be so impulsive about anything just be calm and think clearly. Don't listen to many people who says without any basis. Just believe in your plans and strategies since you will be the one who will take the risks and not them.
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.
not many tricks are done to make trading, the key is to be patient and control the emotions and can know some important information about the market. Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
My strategy is to set my trading plan carefully and follow it. I will also research the potential coins before jumping into it. I try to avoid pump so that I won’t be dumped on.
It is even very risky trading pumped coins and unless you know there is a possibility of you losing all your funds and then you enter at the very huge dip then you may get lucky, but that is one aspect of trading I really do not fancy as no strategy plainly works for that except the assumption of pumps coming up for the coin based on the period of previous pumps.It is good to always have a strategy and you just need to apply different strategies for different market based on the charts.
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.
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
I think trading with responsibility is first step towards crypto trading. The market is really uncertain and you never know what is dead end here. So of rme the first step is always to limit myself on my trades, limit in the sense how much money I'm putting into it. Only amount which I'm ready to loose and not a single penny more than that.
Speaking about the strategy I will not do much but whenever I see even 2-5% of the profits then I will stop that trade immediately and will grab that profit. So here the plus point is I don't get much greedy about it and just make it happen in single shot so no crying after losing the money. Lolz.
Just simple way of trading can get you big results so its better to work in that way only.
A very vague and open-ended term, when we say efficiency in trading it covers a lot of aspects: how well one manages to trade without any loss or maximum profit etc. For me, you need to set aside emotions and be able to take risks on high risk, high reward situations. Also, removing the fear when everything goes south is also one way on being efficient because fear clouds your judgment thus helping you to not think clearly.
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.
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.
Leading altcoins to leading crypto is the best trade, don't try to waste time if you discern that coin you are going to buy is shitcoin it will be a non profitable when going to sell. There are new ICO nowadays the best opportunity to start trading buy best new coin HODL for months and then trade if available in exchange sites.
P.S. trading is risky, you need a numb heart.
P.S. trading is risky, you need a numb heart.
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.
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
Efficiency is a complicated and complex term, but when you trade altcoins or bitcoin, you need to act fast, and you need to react well against market news and all the rumors taking place. Rumors are to fool you.
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.
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
Start by automating some of your tasks, learn Python or pay someone to code it for you.
Before entering into a trade, always think ahead "what I'm going to do if the market is going -10% against my trade?" Or in other words: stress test your trades. So when that -10% will come, you will know exactly what to do and execute the next step with your clear mind, not stressed and driven by emotions.
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.
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
Not sure about the fool proof technique that are used in the trading but I would really just do the normal swing trading as always done by entry level person or even the less risk taker. I have always done it that way only and it works for me. I have full control over my emotions thats the first thing you should acquire within you. If the patience are there and you are ready to hold for long terms then nothing can stop you from winning the market. Whatever I do might be more or less investment really but as I do it the buy/sell way I am sure its part of the trade also.
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.
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
Being a good trader especially on day trader you must have a full time to monitor coins price in the market whether it dumps or pumps, time consumed is there wasting electricity for looking a little money. And then analized and have a researched of coins you invested for. Why not you try in long term investment you just pick up a solid and trusted coins from crypto market and then keep and save.
I strongly recommend with you bitcoins.
I agree on your point dude, it's really hard to be trader which you need a fulltime on doing it. In my part, it's really time consuming and in some point I want to give up but eventually I didn't give up I'll try to monitor from time to time in order to be the first to know the update of the altcoin I want to trade. A long way to run in order to have a profit, though you need enough patience to wait so that you can have thay profitable income you've been waiting for. Also, you need to hold some altcoins if you want to hold as much as you want then if you feel that its a good value that makes you feel its comfortable, well for sure you can have a profit.
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.
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.
You still have to live room for errors though, not all companies will survive, but by doing this, you can at least be rest assured that you are going to do great as an investor.
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.
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.
You still have to live room for errors though, not all companies will survive, but by doing this, you can at least be rest assured that you are going to do great as an investor.
Each and every trader has his own different trading style depending on their trading timeframe and trading approach. If you are an intraday trader and expecting some intraday tips from me then i would tell that you better use dow theory in intraday trading which really has good profit potential and also try to trade with the daily and weekly trend in action coins. For delivery trading, you better go for Multi timeframe analysis which is called top-down approach or bottom-up approach, which is having good potential to give you good trades with a bigger profit margin.
My strategy is to set my trading plan carefully and follow it. I will also research the potential coins before jumping into it. I try to avoid pump so that I won’t be dumped on.
Well for me I've prefer to watch over the value if it is peaking then i will grab the oppprtunity.As a trader we must hunt the true value and the right time so in order to be effecient I must follow the steps so that it wont be risky and most important to be active so that I always know whats happening on it.
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.
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.
first you need to know a lot of information about what you want to trade. then identify the nature and movement of trading. because some coins have a time when there is a very aggressive price movement that will certainly make a profit. and most importantly do trading with analysis not by heart
Better hold it for long especially its a potential coim, there are many alts already that are in top bit have only a less value before, if not into day trading better hold it a bit. Jump to: