Im in cryptocurrency 6 months only but i will not risk like other newbies - page 2.

Huppercase

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

I keep it Simple i trade only well known main coins btc eth and other main altcoins.
Today i discovered solana was lower so i just bought it i keep it until i see my balance getting bigger then i sell it.

If it's falling i'll buy some more one coin at the time Im not here to grow my coins amount but Im here to see my USDT balance getting bigger

I was looking into futures leverage trading and meme coins its too risky for me and it takes a lot time and nervous wich i don't have i'll keep it Simple just.
I don't want to touch low caps neither Because of delisting and sometimes not enough liquity.
Im not greedy i'll take my time i don't need that extra stress here to trade.

What you guys think about this ? I mean Im new so i might be wrong

I will assume from your explanation that you want to scalp which is good but I hope you understand the market well enough, scalping to increase your USDT balance is not the problem but will you be ready when you open a trade and you don't know what to do next, this is where technical and fundamental analysis check comes into play, you really have to understand them to be able to maximize your profits in USDT.

However, have you also try and consider investing in some altcoins, as you said they are generally risky but there are some return that some altcoins will give you that trading can't give you no matter how smart you are with the market structure, you will surely miss some opportunity and this is why you should invest in them with little you can afford to lose and you will be good considering that you are a new to the market, if you do that, you will make more usdt in the future.

Hypnosis00

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Quote from: Asiska02 on June 16, 2024, 01:43:58 PM

Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

What you guys think about this ? I mean Im new so i might be wrong

You don’t have to think too much or assume that what you’re don’t is wrong as long as you’re getting the right result which is the main brain behind you starting to do it like this. The process you’ll use to achieve that should not be your main issue but finding the main result should be your concern. I have great hope that with this strategy of being patient and not too greedy to buy or to sell, you’ll see your main balance surge higher gradually. Good that you’ve made up your mind because it may not always go as planned, but with your patient mindset, you can achieve higher and bigger in this method you’ve decided to use. Let it be known to you that, the more the risk, the higher the reward and the higher the loss. To avoid disappointments, stick to what your heart can only contend with when the unexpected happens.

Indeed, trusting ourselves is very important in trading, or else, all our decisions are unsure. Trading makes us lose, we all suffer losses before we achieve success but if we can't wait for the right time, we can no longer take it back and lose forever.
We really need to have these things in trading
- positive mindset
- achievable plans
- positive behavior

We can just take it easy but rather need serious attention knowing that trading is quite difficult which is why good preparation is highly needed.

TheUltraElite

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So anyway, I applied as a merit source :)

Assuming the OP's first language is not English, feel free to visit your local country boards as well and welcome to the forum.

Trading in altcoins - not something I recommend to newbies. Be quick about them, book the profit and exit, dont hold them for long, unlike bitcoin which you should not sell unless emergency and continue to stack on.

Leverage and futures, all those other methods of trading are not spot trading. Remember that spot trading is the only place where you are not actually gambling with the money, you will have asset at hand at the end of the trade to do the opposite trade, maybe in the future - so not a complete loss. However leverage and all can wipe out your entire balance in a few hours.

Lakai01

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Quote from: Awaklara on June 17, 2024, 03:50:12 AM

Quote from: Egii Nna on June 17, 2024, 02:56:50 AM

The best truth is that in any circumstance, you will definitely lose, so you should make that one of your priorities in case you lose. Even if you lose, it won’t be very hard for you to move on because even though you are not a newbie in trading, you will still lose, so it is not something new.

If the situation is guaranteed to be a loss, why are you still trading? This is trading, not gambling. Even in gambling, maximize opportunities and minimize risks as much as possible. and in trading, whether they are beginners or those who have experience. trading must be done wisely. If you can make a profit, why should you make a loss?

I'm not sure if you trade yourself? Failures are part of everyday trading. Even professional traders are wrong in around 49% of their trades. The 2% that they get right more often make the difference and allow traders to make money. So it is absolutely not the case that you are always right as a professional ... You just have to be successful more often than the other way around.

Egii Nna

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Quote from: Awaklara on June 17, 2024, 03:50:12 AM

Quote from: Egii Nna on June 17, 2024, 02:56:50 AM

The best truth is that in any circumstance, you will definitely lose, so you should make that one of your priorities in case you lose. Even if you lose, it won’t be very hard for you to move on because even though you are not a newbie in trading, you will still lose, so it is not something new.

If the situation is guaranteed to be a loss, why are you still trading? This is trading, not gambling. Even in gambling, maximize opportunities and minimize risks as much as possible. and in trading, whether they are beginners or those who have experience. trading must be done wisely. If you can make a profit, why should you make a loss?

Anything that entails risk most have to lose, believe it or not, that is the fact. I don’t mean you will always lose your funds, but in some cases, it is not in all coins that you will get a profit, in some cases, you will still lose, and yes, I know this is trading, not gambling. That is why I still say the truth for anyone to know, especially if you are a beginner in trading. Anyone who tells you that you will not lose in trading is just lying to you or he just wants to persuade you to join trading. But the truth is that at all risks, you are capable of losing, so don't be so ignorant as to understand the truth.

Awaklara

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Quote from: Egii Nna on June 17, 2024, 02:56:50 AM

The best truth is that in any circumstance, you will definitely lose, so you should make that one of your priorities in case you lose. Even if you lose, it won’t be very hard for you to move on because even though you are not a newbie in trading, you will still lose, so it is not something new.

If the situation is guaranteed to be a loss, why are you still trading? This is trading, not gambling. Even in gambling, maximize opportunities and minimize risks as much as possible. and in trading, whether they are beginners or those who have experience. trading must be done wisely. If you can make a profit, why should you make a loss?
Beginners who want to trade are advised to study and prepare everything first before trading. The point is to minimize the risk of loss. When you have good control with your trading, you can greatly reduce the risk of loss even though you are a beginner.

Egii Nna

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

What you guys think about this ? I mean Im new so i might be wrong

Don’t be distracted, and always focus. Because you have a wise strategy as a newbie in trading, you use your knowledge to achieve a small profit, unlike other newbies who will be using trading chat analysis, which will not help them but just make them go in lost. Even though you are doing your research, you should always make your own decisions because, in the process of your research as a trader, you will encounter as many as you will ever think about strategy. and not all strategies you can adopt as a trader, you have to stick to what you will be able to endure.

The best truth is that in any circumstance, you will definitely lose, so you should make that one of your priorities in case you lose. Even if you lose, it won’t be very hard for you to move on because even though you are not a newbie in trading, you will still lose, so it is not something new.

GreatArkansas

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

(....)

What you guys think about this ? I mean Im new so i might be wrong

For me first, trade with basis and analysis, don't just trade because you feel it or discovered it, you must have reason/s to prove that why you open position on x pair. By doing that you will be able to learn technical analysis and you will use it in your future trades, especially if you are new, learning the basics is a must.

I also agree you trading first on Bitcoin, Ethereum and any other high marketcap altcoins is better.

Sebas.tian

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Not by different coins you purchased from the market that will give you access to huge amount of income OP, because there are some coins will going to increase higher to allow their holders to make good income, and there are some coins that will remain low until they disappear from the market. I think, Bitcoin and Ethereum are good coins that will manifest massively in the future, because the team behind Bitcoin and Ethereum are very strong to always make their investors to smile whenever there is a bullish season in the market. That is a good plan not to trade within six months, I think you have made a good decision to hold your coins for a long term which is the right choice to make a huge amount of income when the bullish season arrive.

Mr. Magkaisa

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

I keep it Simple i trade only well known main coins btc eth and other main altcoins.
Today i discovered solana was lower so i just bought it i keep it until i see my balance getting bigger then i sell it.

If it's falling i'll buy some more one coin at the time Im not here to grow my coins amount but Im here to see my USDT balance getting bigger

I was looking into futures leverage trading and meme coins its too risky for me and it takes a lot time and nervous wich i don't have i'll keep it Simple just.
I don't want to touch low caps neither Because of delisting and sometimes not enough liquity.
Im not greedy i'll take my time i don't need that extra stress here to trade.

What you guys think about this ? I mean Im new so i might be wrong

- There is nothing wrong if you want to do trading activity; as long as you know what you are getting into, I think that is fine. But the question is, since you seem to want to try futures trading, do you have any ideas on futures trading? Because it's really complicated to enter if you're shallow or have no idea about it. Do you know that?

If you have zero knowledge of futures, I think it's better to do the actual trade on the spot first because of futures because you can return in terms of your capital...
That's all I can tell you about this matter.

$weetne$$

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

If it's falling i'll buy some more one coin at the time Im not here to grow my coins amount but Im here to see my USDT balance getting bigger

I was looking into futures leverage trading and meme coins its too risky for me and it takes a lot time and nervous wich i don't have i'll keep it Simple just.
I don't want to touch low caps neither Because of delisting and sometimes not enough liquity.

Traders needs their balance to grow in usdt and not in any altcoins unless you are only trading to increase the amount of that altcoins that you want to have in preparation for the bull market. When I take my profits from my trade, I keep them in usdt because that is what my goals are for as I want to grow my fiats balance to the extent I would not have to trade to have money to use. I am also investing in Bitcoin but I am doing that not when I am trading. Taking profits is very important in trading and that is what I always do. I do not think we have to only trade the no risky coin like memecoins, I think we should trade every cryptocurrency that we can make profits from.and make that profits because every coin can be used to make profits.

Asiska02

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

What you guys think about this ? I mean Im new so i might be wrong

You don’t have to think too much or assume that what you’re don’t is wrong as long as you’re getting the right result which is the main brain behind you starting to do it like this. The process you’ll use to achieve that should not be your main issue but finding the main result should be your concern. I have great hope that with this strategy of being patient and not too greedy to buy or to sell, you’ll see your main balance surge higher gradually. Good that you’ve made up your mind because it may not always go as planned, but with your patient mindset, you can achieve higher and bigger in this method you’ve decided to use. Let it be known to you that, the more the risk, the higher the reward and the higher the loss. To avoid disappointments, stick to what your heart can only contend with when the unexpected happens.

Gaza13

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Quote from: Stepstowealth on June 15, 2024, 12:24:15 PM

Risk will sometimes get you rewarded, that is why always playing it safe is not the advise every time. In terms of trading, you do not need to take risk that you did not well calculate, trading only well known coins is safe, but are you going to keep with the currently known coins, you may never be as successful as you plan to be from trading. Trading only well known coins is good, but dwelling on them forever all through your trading journey may not be the best approach as a trader. As a trader, I believe you should improve constantly so you can be in a better position to take good risks of trying other coins.

Of course, every time we invest, we will feel the impact of price fluctuations. This depends on an investor in choosing a method or option in investing, playing safe in investing I think that is the best choice for all investors, trading well-known coins in trading I think this is very dangerous if the person has not received sufficient knowledge as their basis . This job is very difficult for everyone to create optimal profits. If you experience a lot of failures in trading, you should choose another method to minimize the impact of your big losses in trading.

fuguebtc

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

I keep it Simple i trade only well known main coins btc eth and other main altcoins.
Today i discovered solana was lower so i just bought it i keep it until i see my balance getting bigger then i sell it.

If it's falling i'll buy some more one coin at the time Im not here to grow my coins amount but Im here to see my USDT balance getting bigger

I was looking into futures leverage trading and meme coins its too risky for me and it takes a lot time and nervous wich i don't have i'll keep it Simple just.
I don't want to touch low caps neither Because of delisting and sometimes not enough liquity.
Im not greedy i'll take my time i don't need that extra stress here to trade.

What you guys think about this ? I mean Im new so i might be wrong

If you don't want to risk, why don't you choose bitcoin and you choose an altcoin? If you don't want to risk it why would you take the time to learn about futures trading as well as memecoin? I see what you are doing contrary to what you say. Essentially , investing in altcoins , even if they are top altcoins, will still expose you to more risk than investing in bitcoin. And you'll be taking on more risk if you plan on trading with leverage as well as investing in memes, both of which are considered the riskiest when it comes to cryptocurrency investing.

For me , 6 months of experience is nothing to be proud of or to be honest you are still just a newbie. You need to spend a lot of time to learn and experience the market. It's still very early for you to be confident that you will never make the same mistakes as others, so don't be subjective.

slaman29

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Remember, for the whole six months, are you confident in the answer if you're asked, you're trading or you're speculating?

It sounds to me like you're trading, which is great (avoiding the low caps and only the big coins). People think they're going into the low caps and that's trading, when no TA works because market is too small and illiquid.

Just ask what you want to do, gain experience, improve and test your TA, or pure profit? I think you're on a good way

SamReomo

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

What you guys think about this ? I mean Im new so i might be wrong

Although, you're new or you're pretending to be new but whatever you said or did was right. Trading main altcoins and Bitcoin is less risky than trading new coins as those can be unlisted from platforms anytime and you may end up losing your capital.

Those who trade altcoins understand that the altcoins are much riskier than Bitcoin but the volatility in price they offer is much higher than Bitcoin, and when it comes to meme coins especially the ones that are getting deployed on Solana and Ethereum blockchain can be super highly volatile.

I have personally seen new coins getting 10x value within a day but the risk of trading those coins is high because they have low liquidity and most of the times those are just rug pulls and nothing else.

BlackBoss_

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

I keep it Simple i trade only well known main coins btc eth and other main altcoins.

Don't buy altcoins because they are top altcoins

Quote

Today i discovered solana was lower so i just bought it i keep it until i see my balance getting bigger then i sell it.

Solana can give you a great lesson on risk of altcoins. In 2021 and 2022 bear market, Solana lost most of its price from ATH and the come back of Solana is very magic and unbelievable. You will hardly be lucky like this with other altcoins, such chance to come back strongly like Solana is very small.

Quote

If it's falling i'll buy some more one coin at the time Im not here to grow my coins amount but Im here to see my USDT balance getting bigger

Stable coins are altcoins and they are centralized. Your stable coins can be frozen even in your wallet. Be aware of this big risk.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Yamifoud

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

I keep it Simple i trade only well known main coins btc eth and other main altcoins.
Today i discovered solana was lower so i just bought it i keep it until i see my balance getting bigger then i sell it.

It is a good choice OP, these coins won't make you feel regretful or disappointed with the outcomes of your investment. If this will not make you rich but definitely your capital will be folded multiple times.

Quote

What you guys think about this ? I mean Im new so i might be wrong

We can't assume that it works all the time, especially when emotions pressure you but I would say that,
Keep it going as you are on the right path. Yeah, if we want to have positive results and profitable investments, then we also have to choose coins that potentially provide our expectations like Bitcoin and any of the top tier coins in the market.

Stepstowealth

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

I keep it Simple i trade only well known main coins btc eth and other main altcoins.

Risk will sometimes get you rewarded, that is why always playing it safe is not the advise every time. In terms of trading, you do not need to take risk that you did not well calculate, trading only well known coins is safe, but are you going to keep with the currently known coins, you may never be as successful as you plan to be from trading. Trading only well known coins is good, but dwelling on them forever all through your trading journey may not be the best approach as a trader. As a trader, I believe you should improve constantly so you can be in a better position to take good risks of trying other coins.

Coin_trader

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Quote from: Mrbuck on June 14, 2024, 12:05:39 PM

I keep it Simple i trade only well known main coins btc eth and other main altcoins.
Today i discovered solana was lower so i just bought it i keep it until i see my balance getting bigger then i sell it.

If it's falling i'll buy some more one coin at the time Im not here to grow my coins amount but Im here to see my USDT balance getting bigger

I was looking into futures leverage trading and meme coins its too risky for me and it takes a lot time and nervous wich i don't have i'll keep it Simple just.
I don't want to touch low caps neither Because of delisting and sometimes not enough liquity.
Im not greedy i'll take my time i don't need that extra stress here to trade.

What you guys think about this ? I mean Im new so i might be wrong

You are doing the right approach for a safe trading you should just limit on how much capital you are willing to risk when a certain token is falling since we are currently sitting near the ATH which means there’s a lot of possibility that a free falling on price will be brutal which makes your buy back strategy results to terrible loss in the end.

I suggest you to learn technical analysis to easily spot the support and resistance which you can use as boundaries on your trading to avoid loss but your approach in general is already good if you will not over commit on a certain tokens.

Topic: Im in cryptocurrency 6 months only but i will not risk like other newbies - page 2. (Read 428 times)