Topic: How to trade with profit. - page 3. (Read 2014 times)
great tips here, be wise with your coins and don't ever invest what you can't afford to lose.
To make profit, you must have very good knowledge of all crypto market, and only then you can make the money 
It's not just knowledge but also down to sheer luck of the market. You could be very knowledgeable about all things crytpos but nobody can ever predict the market or when coins are going to be dumped. Sometimes the prices just tank for no apparent reason as well.
I used to think it was all luck too but it's changing. Believe it or not all my trades have been profitable ever since I've put my "emotions" out of it and just look at technical data. I can't show you how to make 100x profit because you'll have to rely on mercy of big investors for that but it's pretty easy to make little profit on daily basis once you get the rhythm.
Usually there is spike before price go down or up in every market. That's your sign to get in or get out. During big pump there is big spike. Direction of the spike tells you which way price is going to move.
moving average is generally your friend
To make profit, you must have very good knowledge of all crypto market, and only then you can make the money
It's not just knowledge but also down to sheer luck of the market. You could be very knowledgeable about all things crytpos but nobody can ever predict the market or when coins are going to be dumped. Sometimes the prices just tank for no apparent reason as well.
Actually never good at trading.
But I ever good at once when stellar start booming, I bought when it just 400 - 500 sat
And then I sold it at 2000 sat
But I ever good at once when stellar start booming, I bought when it just 400 - 500 sat
And then I sold it at 2000 sat
To make profit, you must have very good knowledge of all crypto market, and only then you can make the money
I've lost around 8+ BTC in crypto. Why?
Because I was stupid enough to fall in love with a coin and result was not something I wanted. As much as I like the technology I also hate how some of the coins are so volatile. I was never a big fan of "trading" but to cover my loss I was left with no choice. Anyways, if you're losing money in crypto you can use this as guideline to make some money or cover your loss.
Because I was stupid enough to fall in love with a coin and result was not something I wanted. As much as I like the technology I also hate how some of the coins are so volatile. I was never a big fan of "trading" but to cover my loss I was left with no choice. Anyways, if you're losing money in crypto you can use this as guideline to make some money or cover your loss.
If you hate how volatile these currencies are maybe cryptos aren't for you, but it is because of this volatility that makes them so profitable to trade. If it wasnt there would be no money to be made. I'd personally avoid trading alts all together but there is money to be made but it's not that easy as you found out.
Buy low sell high.
Or just hold
I think thts pretty obvious. The Op wishes to know, how to know when it is low, and it will be High in the future. Or just hold
THats the trick to trading with profit.
When I say "shitcoins" I don't mean if they're good or bad since that's not upto me to judge any coin. I'm specifically talking about volatility. If a coin jumps around from 1 sat to 150 sat within few hours I put it as shitcoin in my list and I trade it with extreme caution.
Anything that doesn't move at the speed of light and gives you little profit is not shit and majority of the time I'm just looking for dip so I can get in and take my profit when it goes back to its original position.
Anything that doesn't move at the speed of light and gives you little profit is not shit and majority of the time I'm just looking for dip so I can get in and take my profit when it goes back to its original position.
You make some good point. I've also traded with emotion in past to join the pump rally and have lost a bit.
But then I learned my lesson and I just look for the stable coins and wait for the dip. Sometimes it takes longer than I expect and teh volume isn't much, but small profit is better than a loss.
Buy low sell high.
Or just hold
Or just hold
Do the opposite of what your emotions tell you.
People see a coin rising and they think,,, ooooh aaaaahhh I want to get in that so they buy----WRONG
Coin then drops and they are pissed and scared. They get frustrated and dump----WRONG
BUY LOW SELL HIGH. CHUCK EMOTIONS OUT THE WINDOW
People see a coin rising and they think,,, ooooh aaaaahhh I want to get in that so they buy----WRONG
Coin then drops and they are pissed and scared. They get frustrated and dump----WRONG
BUY LOW SELL HIGH. CHUCK EMOTIONS OUT THE WINDOW
Losses are hard to take sometimes but it teaches us hard earned lessons most of the time 
I do agree, never trade emotionally.
Buy the f******* dip!
Here is an example of how to trade with profit. Just made some BTC to show you guys. Again this comes with risk as everything else and I"m not bullshitting you when I say I've learned how to trade with profit because of experience. If you had seen my portfolio month ago it was filled with negatives but not anymore.
I've lost around 8+ BTC in crypto. Why?
Because I was stupid enough to fall in love with a coin and result was not something I wanted. As much as I like the technology I also hate how some of the coins are so volatile. I was never a big fan of "trading" but to cover my loss I was left with no choice. Anyways, if you're losing money in crypto you can use this as guideline to make some money or cover your loss.
1.) Never fall in love with any crypto.
2.) Never buy at "Asking price"
3.) If it's 3+ months old coin like SDC, BC, DRK. Monitor all time chart and get a feel of price movement of last 1 week. For example: BC has been floating around 8-11k. If you put buy order at 8k it goes through within a day or two. Same goes for SDC it floats above 21k and if you put order below that price it goes through when it dips and then it returns back to 21k+
4.) If you're trading shitcoin don't risk more than you can afford and do not IN ANY CONDITION hold it for longer than 1 week. Again, lookout if it dip. NKMT was dipped to 30 sat and it returned back to normal. Most people panicked and those who had their buy orders ready doubled their money within 5 minutes.
5.) Spread. Coins that have maximum spread can get you more return as long as you put your order at BID price. SMBR had spread of 49% in the morning. Quick money was there for those who had their eyes opened. You should never buy at ASKING price EVER!
Do not take my advice as something hard coded. Use your own brain and experience. Do not get emotional and never try to fight the market because you can't. Some people might tell you "oh this coin is for long term don't worry about the dump" I say fck em. There are only handful of crypto that have been succesful and you can see their price don't go from 1 sat to 1000 sat within a week.
If anyone else have good advice. Feel free to share it. I think lot of traders and newbies can learn from us who have been here for years.
Because I was stupid enough to fall in love with a coin and result was not something I wanted. As much as I like the technology I also hate how some of the coins are so volatile. I was never a big fan of "trading" but to cover my loss I was left with no choice. Anyways, if you're losing money in crypto you can use this as guideline to make some money or cover your loss.
1.) Never fall in love with any crypto.
2.) Never buy at "Asking price"
3.) If it's 3+ months old coin like SDC, BC, DRK. Monitor all time chart and get a feel of price movement of last 1 week. For example: BC has been floating around 8-11k. If you put buy order at 8k it goes through within a day or two. Same goes for SDC it floats above 21k and if you put order below that price it goes through when it dips and then it returns back to 21k+
4.) If you're trading shitcoin don't risk more than you can afford and do not IN ANY CONDITION hold it for longer than 1 week. Again, lookout if it dip. NKMT was dipped to 30 sat and it returned back to normal. Most people panicked and those who had their buy orders ready doubled their money within 5 minutes.
5.) Spread. Coins that have maximum spread can get you more return as long as you put your order at BID price. SMBR had spread of 49% in the morning. Quick money was there for those who had their eyes opened. You should never buy at ASKING price EVER!
Do not take my advice as something hard coded. Use your own brain and experience. Do not get emotional and never try to fight the market because you can't. Some people might tell you "oh this coin is for long term don't worry about the dump" I say fck em. There are only handful of crypto that have been succesful and you can see their price don't go from 1 sat to 1000 sat within a week.
If anyone else have good advice. Feel free to share it. I think lot of traders and newbies can learn from us who have been here for years.
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