Topic: how to trade efficiently? - page 22. (Read 2797 times)
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
I'd like to add that efficient traders no longer need to follow 'Gurus' or ask for the opinion of other traders. They follow their own system based on their previous bad and good trades.
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.
One thing I really learned from doing trading and become successful is that you have to be prepared. It means treat everyday differently. It will not be the same success day in day out. And if you are not comfortable get out early and don't pressure yourself.
Emotions are the worst enemy of a trader in any market, specially in bitcoin, so you need to check your emotions and tossed it out and get rid of it. Don't react to the market impulsively, used all the tools at your disposal to make a sound judgement.
As far as reading the graphs, it will come to you, you don't have to worry. It will come as you gained experienced. Most traders used TA, but I believed that there are successful ones who doesn't used it at all.
My trading strategy is search a potential coin , the easy way for this is pay a signal service
and avoid to pump group
and avoid to pump group
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.
1. You will get lucky at first and then you will make some good profit.
2. You will be so happy that you will think you have gotten a good strategy but all you are doing is gambling your positions.
3. You will then start going in big on every dip thinking they are dips most especially on altcoins and then the dip keeps going down the more and then at some point, you start applying the rule of patience and then you see your account almost drained and you sell off out of panic at huge loss.
4. You come back to this forum and then open a topic and say trading sucks and you are quitting.
If you trade without strategies, then you are gambling. These are just some of the scenarios that could happen, it is just the best case scenario. It could be worst. My advise is for you to go and learn and stop taking trading as buy low, sell high because you will regret that decision.
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.
learning new each time I visit this forum, nothing amaze me more than people that share their knowledge for others to benefit. I will use this to further enlarge my stack and help other more, so that I can lessen their burdens. And I will imitate you in sharing my knowledge so others will be saved from poverty and change the life from what they have right now.
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.
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.
One thing I really learned from doing trading and become successful is that you have to be prepared. It means treat everyday differently. It will not be the same success day in day out. And if you are not comfortable get out early and don't pressure yourself.
Emotions are the worst enemy of a trader in any market, specially in bitcoin, so you need to check your emotions and tossed it out and get rid of it. Don't react to the market impulsively, used all the tools at your disposal to make a sound judgement.
As far as reading the graphs, it will come to you, you don't have to worry. It will come as you gained experienced. Most traders used TA, but I believed that there are successful ones who doesn't used it at all.
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 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.
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.
One thing I really learned from doing trading and become successful is that you have to be prepared. It means treat everyday differently. It will not be the same success day in day out. And if you are not comfortable get out early and don't pressure yourself.
Emotions are the worst enemy of a trader in any market, specially in bitcoin, so you need to check your emotions and tossed it out and get rid of it. Don't react to the market impulsively, used all the tools at your disposal to make a sound judgement.
As far as reading the graphs, it will come to you, you don't have to worry. It will come as you gained experienced. Most traders used TA, but I believed that there are successful ones who doesn't used it at all.
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.
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 you need to create a demo account in a forex broker. Then practice your trading strategy there. for me you must have 3 or more profitable months before you can say that your strategy is working. After that switch to crypto trading. open a small amount of fund first because crypto is much more volatile than forex. pick the best crypto to trade. dont look at shitty coins until you have a stable trades on good cryptos. good luck
There's the old adage: Buy Low, Sell High. Do your homework, study the market, the coins that you want to invest or trade. Learn how to read graph, TA and most of all used your common sense.
Another is control your emotions. Trading is not for emotional people. Its a serious game that you need your common sense to make good decision. Based everything on logic and not by your heart.
Patience is also a key, you need to wait for the perfect time to buy or sell. This makes a lot of difference in terms of losing or winning in this game.
Another is control your emotions. Trading is not for emotional people. Its a serious game that you need your common sense to make good decision. Based everything on logic and not by your heart.
Patience is also a key, you need to wait for the perfect time to buy or sell. This makes a lot of difference in terms of losing or winning in this game.
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.
For effective trading you need to learn how to chart candlestick techniques, basic candlestick types, indicators that can affect the chart. Also you need to monitor the market to grasp its rules, this is very important because the crypto market is quite small so it is vulnerable to the market information.
In my opinion to maximize the profit in trading the key is do not greedy and manage emotion during trading. Do you own research and thinking twice before buy any coin especially for altcoin trade that paired with BTC and ETH and doing short trade because the price of Bitcoin and Ethereum bullish strong now.
If you buy the coin when its price is low you start profiting from beginning and the other most important thing is to get rid of emotions, because so many people include them into trading.
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.
Always trade with your strategy and not by emotion, many traders forget this thing because they easily sell on panic. My strategy is very simple buy low sell high and sometime if needed cut losses but of course I do my own homework which works for me well.
earn money, create inverse proportion in purchases. What did the ancients say? The best way to gain is;
you will buy it when everyone sells you will sell when everyone buys
you will buy it when everyone sells you will sell when everyone buys
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.
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