I have Good advice for investors - page 5.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: mersal on September 23, 2020, 12:47:49 AM

Technical analysis alone not going to make any crypto trader into a successful one, technical analysis too needed but lot of other things they need to learn before jumping intonthe technical pro day trader.A trader should be more strong with the fundamental analysis then only they can be sure about the coin which they are going to trade then when to enter and exit to avoid losses.

and besides Daytrading is not for all of us,because this needs complete package of Skills,knowledge,ability,perseverance,dedication and Brightness and this can't be to all people inside crypto.

Thats why many are relying IN HOldding than to daytrade.

I myself is a clear example of not lucky in trading so i focus in Semi and Long term investin,No pressure and safer.

mersal

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Technical analysis alone not going to make any crypto trader into a successful one, technical analysis too needed but lot of other things they need to learn before jumping intonthe technical pro day trader.A trader should be more strong with the fundamental analysis then only they can be sure about the coin which they are going to trade then when to enter and exit to avoid losses.

Ridwan Fauzi

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Quote from: MCDev on September 20, 2020, 02:29:04 PM

That's right, if a newbie enters the cryptocurrency market without someone with experience supporting them, it is very easy to lose his or her money.
I went through a similar situation, when I first entered the market it was easy to get into FOMO situations and lose most of my initial money.

Fomo will always be accompanied by greedy because almost all traders/investors who come without a knowledge they will be confused about when to sell when they get a profit and out when they continue to get losses. They will just fall to another people suggestion and an information that spread in the market. Fundamental factor is really important but without TA it will be useless. I often to meet seeing a good information but the price movement just falling down a lot but after that the price was increasing again. If someone know about TA they will know the reason why the price fall first and back to increase.

Ryker1

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Eloncoin.org - Mars, here we come!

Quote from: cryptoboss2020 on August 12, 2020, 07:53:27 AM

[snip]
If you Want to be successful trader you better learn hard as you can the techicals.

Well, this is very important in trading to have technical analysis ^[TA], not only technical strategy, but traders also are looking in another side of strategy, --that is fundamental analysis ^[FA]. These are very common as what I heard from those expert traders and I think, until now, this old practice will not be changed upon predicting the price of the market price. Once also you are a good trader, you should also resourceful of any idea or even events that perhaps will affect the price in cryptocurrency because technical analysis alone is not enough.

ololajulo

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SOL.BIOKRIPT.COM

Quote from: MCDev on September 20, 2020, 02:29:04 PM

That's right, if a newbie enters the cryptocurrency market without someone with experience supporting them, it is very easy to lose his or her money.
I went through a similar situation, when I first entered the market it was easy to get into FOMO situations and lose most of my initial money.

I dont give names of some of my mentors in the space because they are not 100% right in prediction which is expected. Correct 70% prediction is reliable enough for such a deregulated and volatile market. An experience of 2 cycle is enough as a millionaire in the space also. More people get into the market during the bull market, they are attracted by the achievement of most investors purchase in the bear market.

CucakRowo

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aka JAGEND.

Quote from: Twentyonepaylots on September 20, 2020, 03:13:42 PM

Technical analysis is not that so important to, IMO, what's can you get from technical analysis when the market is unstable?

Same question to you. why unstable prices can be formed? Is there a miracle there? Or how?

Quote from: Twentyonepaylots on September 20, 2020, 03:13:42 PM

-snip-

TA also includes patterns. Patterns are always repetitive. To double your btc from 1 to 2 btc. Using hodler methode, Then you will need some times, 6 month, 1 year or more (except when you are following pump activities). By using TA, you may not need more time. One more thing, how will you determine the right selling price to get profit if you don't use TA? Will you rely on a whisper or just a feeling? What if after you sell, the price can still go up again? Mind to share?

Twentyonepaylots

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Quote from: barbara44 on September 20, 2020, 01:52:35 PM

Technical analysis has always been an important part of crypto world that most newbie traders ignore, and no veteran would ever ignore.

Technical analysis is not that so important to, IMO, what's can you get from technical analysis when the market is unstable?

Quote from: barbara44 on September 20, 2020, 01:52:35 PM

Veterans do not need to use those TA in order to trade, they could trade however they want, even according to some news they could buy and sell, they are veterans and they know what they are doing however the difference is they know TA and they check TA and it is up to them if they want to use it or not, however if they do not want to use it that is option for them and if they want to use it that is another option.

To be honest, TA is just a props to be called a good trader, they are just drawing lines and circles and triangles on the chart, especially with bitcoin? I just laugh when someone do it, like how is that technical when you just follow the pattern from the old movement. Better to see the bigger picture at the current time where you can relate bitcoin, I call it a weather for crypto.

MCDev

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That's right, if a newbie enters the cryptocurrency market without someone with experience supporting them, it is very easy to lose his or her money.
I went through a similar situation, when I first entered the market it was easy to get into FOMO situations and lose most of my initial money.

barbara44

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Technical analysis has always been an important part of crypto world that most newbie traders ignore, and no veteran would ever ignore.

Veterans do not need to use those TA in order to trade, they could trade however they want, even according to some news they could buy and sell, they are veterans and they know what they are doing however the difference is they know TA and they check TA and it is up to them if they want to use it or not, however if they do not want to use it that is option for them and if they want to use it that is another option. If you are newbie and do not know TA at all, that means you are not giving yourself the option to pick whichever you want and you are forced to pick the other option all the time which will result with you losing money most of the time.

ReiMomo

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Quote from: Tomcolor on September 19, 2020, 03:03:19 PM

I suffered losses in everything from trading or investing when i first entered the crypto market. you need to be prepared because trade or invest never give you stable profits. However i am willing to support trading as it is best to make a profit in a short time, and the risk is less than the investment even if i can manage it properly.

That's a day trading which is very risky though, that's okay to go trade as long as you know that you can afford to lose what and you have skills in trading. I guess the reason that others want to hod instead of trading because they want safe startegy of gaining profit of crypto.

Any form of investment like doubling your bitcoin will most likely end up scam. I suggest to avoid this kind of investment.

Tomcolor

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SOL.BIOKRIPT.COM

I suffered losses in everything from trading or investing when i first entered the crypto market. you need to be prepared because trade or invest never give you stable profits. However i am willing to support trading as it is best to make a profit in a short time, and the risk is less than the investment even if i can manage it properly.

cryptoboss2020

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For example

The news are sometimes bullish and market going Up but suddenly.... There is big drop, That's on of the most case the... If you can know the techicals you can know the Up coming dangers.

First thing is double bottom W IF its pointed Up the market is Up trend if its pointed Down... Likely market Goes Down
When the double W occurs?
It occurs when there been 3 pumps in few days
As u can see W FREE POINTS.

THAT'S just one of the techicals

MCobian

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Your advice is indeed good, because learning about technical is very important in trading. Without technical analysis we are trading
to be like gambling, because it relies on luck and that's not good. Of course, mastering technical analysis can help us predict price
movements in the market and can also avoid FOMO.

fullhdpixel

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Quote from: cryptoboss2020 on August 12, 2020, 07:53:27 AM

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!

You may agree or not but if you want to be a successful trader in this crypto space than you must be aware of how to make use of FOMO and FUDs because these are all the basic things which are the actual mover of crypto markets; without them you cannot expect any wild fluctuations will be happening in crypto markets.

Quote from: cryptoboss2020 on August 12, 2020, 07:53:27 AM

If you Want to be successful trader you better learn hard as you can the techicals.

The importance of TA and FA have been discussed across this forum so many times still new people never find its importance and finally biting dust in their crypto trading. Only after frustrating failures they start realizing the importance of learning about technical analysis for a successful crypto trading career.

cryptoboss2020

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best way is to follow my signals

i have other target reached price reached exacly to the point

who else can do this?

tvplus006

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To the Moon

Quote from: maxreish on August 12, 2020, 08:03:07 PM

While I do agree that technical analysis play a big role in trading success but there are also other things we should put into partners like fundamental, learning stop loss, resistance, etc.

But I do have acquintances who are doing some trading without the use of technical analysis. They're just doing some buying low and selling high. Waiting for bitcoin and other coin to decrease in price and then buy again. They are just following the hype and go with the flow. Just as simple as that and they are still profiting.

I am sure that using this tactic in trading at some point your friend will sell their BTC and will no longer be able to buy them, because the price will increase greatly. And he will have to buy at a higher price than he sold earlier, or wait a long time for the price to return to the level when it will be profitable for him to buy this coin again.

Ridwan Fauzi

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Quote from: cryptoboss2020 on August 12, 2020, 07:53:27 AM

If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!

If you Want to be successful trader you better learn hard as you can the techicals.

Most likely it will end in gambling, I just thinking that gambling and trading is really different. Trading, there are a lot of way and even need a long time to successful to be a trader. You can make money and you will have financial freedom in the future. But in gambling, I don't know I can't indclude it as a source income even if I got a win in a huge amount but I can relly on it. This is why someone especially newbie to trade need a knowledge before they start to trade.

Trading crypto currency is like you trade in your real life, we can suppose an exchange is a shop and the coin as the item that we will sell. If we know properly the characteristic of each coin or an item (in a shop) so the chance to gain profit will be enermous. We can offer to everyone who comes to the shop until they are insterested and make they buy it. Trading crypto currency is like that, you have to know much the characteristic/the movement price of the coin itself to gain a profit.

Majharul Saiif

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BountyMarketCap

Simply put, when we are investors, we need to have ample insight into trading. Then all the market sights, where what is emerging, all this has to be scrutinized. All the big traders have pushed through a lot of tough periods. After a tough period, one surpasses the cliff of progress. So our task will be to deal with all circumstances. But another thing is to be apt to endure the loss in the first position.

Emitdama

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Quote from: Yaunfitda on August 15, 2020, 08:26:35 PM

I think many fall in FOMO in 2017 and get REKT when we enter the bear market. So yes, it's really hard to fall for it and not doing any research on your part. It's already proven.

By considering crypto is volatile again makes it seem like it was never volatile to begin with. The market has always been volatile for a long time now, and it’s not something that happens once in a while, no it happens all the time and seeming that many some people are entering into options trading in these volatile time and by believing promotions like it is an easy thing and there are no risks involved and people won’t lose money in it, I am not so sure of that. So, we should not blindly follow any good advice from any people regardless of their reputation levels.

Moreover OP is just going over it like it’s an easy piece of cake that anyone can handle, but it is not. When explaining things like this it’s always best that we talk about both the positive and the negative sides of it, so that people , especially the newbies, who are interested will fully understand what they are getting into.

AbuBhakar

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🇵🇭

Quote from: pixie85 on August 15, 2020, 08:08:44 PM

The more risky you play the more likely you are to get scared or fomo.

Playing risky is playing with borrowed money or money that's too big for you and that you don't feel comfortable spending or playing with high leverage that you're unable to sustain for long.

Usually investors who put 1% of their money in crypto don't get scared too much because such losses are acceptable. Invest 50% and you'll be losing sleep every night.

That's the thrill in investing, that's why the line invest only what you afford to lose is too popular, if we know we were not able to monitor our investments we should not put too much, due to pandemic many risk their assets to do business or dort in trading to earn, but not all is able to gain profit so better try to learn first how to invest and trade than risking without any knowledge on where will be going to put our investments.

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