My advice If you are here to make money - page 6.

GeorgeJohn

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Quote from: Dollar_Hunter on December 15, 2022, 11:58:54 AM

That's why I don't think we can stop learning even though in some moments when trading we get profit,
it is very important to keep learning because trading is not easy,
Losing in real trading is also normal and we will not always be profitable

That's wrong conception, because the objective of anyone who's into trading is to ensure that they have achieved their objectives in trading, so average trader what they have in mind is to make profit, so don't encourage anyone to venture into lose because of it wants to learn better in trading, lose will come when their is mistake from you, and you will stand to correct such error not to repeat itself, so the essence of understanding more in trading it's when you make a mistake and get lost, the lost will make you to correct your error.

Sayeds56

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Quote from: dansus021 on December 09, 2022, 04:14:55 AM

Control your emotion, believe me, emotion is your biggest number one enemy. Especially the fear and greed know how to stop loss and know how to take profit.

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Stay away from btc If you are futures trader btc moving too slow.

Please don't stay away from BTC since if you can predict BTC moves you can predict the most market is going. In fact, most of traders that I have followed what they do first is predict BTC moving after that they start to analyze the altcoin. Bitcoin waves is real.

Good Luck

Good advice. It is not easy to predict Bitcoin price correctly over period of time but somebody is doing is successfully then he must be highly skilled in Technical analysis & should be making good profit. In my opinion key to success in trading is good technical and risk management skills.

There is again FUD in the market about Binance which is shaking the market and Bitcoin is trading below 16,700 and BNB is trading below $220 now which is a major fall and general investors are worried about the future of Binance. Hopefully, the episode of FTX will not repeated with Binance.

Yawa2020

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Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Keep your focus on how to make money.
Dont try to predict Market too much.
Stay away from btc If you are futures trader btc moving too slow.
Best is If you Open position everyday long or short keep the position Open few HOURS and cash Out the profit then forget about Market and btc go do your normal life things.
Biggest mistake traders do are this they Open positions like eth btc then those coins tend to move slow and while they waiting they might change their mind and making mistakes.
You should only focus on few HOURS how to cash out money from Market that's it.

I don't read any news i dont care much about btc and price but everyday i make money becouse i Open position for few HOURS and then whatever money i make i cash out this money.

I been making mistakes like i Open btc short when i know Market is up but still btc did not moved like few days so it means i did not make any money few days i was waiting like a fool instead of that If i was gona long and short other coins i would Made money everyday.

Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

But btc are great Market indicator so i use btc price as Market indicator to know when to long or short.

If you follow this plan you can get better results from trading like i said dont focus on too much market trend but try to find coin short or long it in few HOURS take the money and close the trade.

You're contradicting yourself mate. You said you don't care about btc price and you end up saying you use btc price as market indicator. Every expert trader must not do away with btc market analysis for a fruitful trading. Why don't you read news? It is very important to make yourself conversant with the happenings around the world. You have nothing to lose but rather gain useful knowledge.

borovichok

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Quote from: tvplus006 on December 16, 2022, 10:28:41 PM

The most common mistake in a bear market is that investors start buying coins too early, hoping that the price has reached a minimum. But after a slight correction, the price continues to decline, but there is no money for another purchase.

The bear market is not a favorable season because coins and projects dumps while some failed to make it out of the bear market. Mistakes are made everyday in the market, we could just hope for the best in the possible future rather than complaining about our past mistakes, the same thing applies to gains and losses. These are the main facts concerning the market, no matter how one gather experience or is an high profile trader or investor, he or she will stilll suffer losses either at a bigger or lower rate.

xSkylarx

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Quote from: tvplus006 on December 16, 2022, 10:28:41 PM

Quote from: South Park on December 16, 2022, 12:28:51 PM

This is a very simple lesson and yet many people simply refuse to learn it, the bear market is hard for everyone, only those which are incredibly skilled can obtain profits with it and constant profits is even harder than that, so I will suggest to everyone to lower their expectations during a bear market, if you can come out of the bear market with just a few losses which do not affect your capital too much you should be happy about it, as the rest of investors are probably in way worse shape than you.

The most common mistake in a bear market is that investors start buying coins too early, hoping that the price has reached a minimum. But after a slight correction, the price continues to decline, but there is no money for another purchase.

This is also my mistake before buying to early and getting panic to sell it at a loss as it keeps declining. Knowledge is the key, before you buy a coin you should analyze it first and see where to buy also don't go all in, buy at multiple prices that you analyzed. But again we will keep committing mistakes but make sure that you will learn from them and you know the reason why it was a mistake so that you cant do it again the next time you buy

tvplus006

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Quote from: South Park on December 16, 2022, 12:28:51 PM

This is a very simple lesson and yet many people simply refuse to learn it, the bear market is hard for everyone, only those which are incredibly skilled can obtain profits with it and constant profits is even harder than that, so I will suggest to everyone to lower their expectations during a bear market, if you can come out of the bear market with just a few losses which do not affect your capital too much you should be happy about it, as the rest of investors are probably in way worse shape than you.

The most common mistake in a bear market is that investors start buying coins too early, hoping that the price has reached a minimum. But after a slight correction, the price continues to decline, but there is no money for another purchase.

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Quote from: Zanab247 on December 16, 2022, 11:41:13 AM

Quote from: Portocervo777

Keep your focus on how to make money.

That is why am using my monthly salary to buy potential coins that will add value to my income in future because I want to be part of those that will smile when the price rise higher.

Just keep on doing that but be sure that you've chosen a good crypto that you're buying and not just random stuff in the market. I don't want to give that discouragement but that's a vital thing when you're choosing the coins to invest.
Because you'll never know if it will blow or it will blow you with your money leaving you behind. We're all going to be good in the future and that's why we're investing and not losing hope in the market that we're part of.

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Quote from: Nrcewker on December 15, 2022, 12:11:19 PM

If you want to make huge amount of money, then you gonna have to take high risks. I mean if the expected return is high, then only you will make more money right? Nevertheless if you are capable enough to bear losses, then only try this path, else when the coins will turn into pebbles, no one can gurantee that.
Also Bitcoins are for slow investment to be honest. But atleast here the profits are guranteed. Let’s hope for the best and see how far we can go.

Without a lot of capital, big profits are just an illusion. The average person thinks altcoin can make them rich for as little as $100 - $500 investing, but even if they do, they tend to lose a lot more than investing in bitcoin. So far bitcoin has lost 75% in value since last year, but when this bear market is over and the bullish start then a lot of positive things can be expected.

South Park

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Quote from: Sayeds56 on December 16, 2022, 06:24:37 AM

Indeed, it is very difficult to generate stable income from trading activities during the bear run unless you are an expert trader and you have experience of working in future market where you can take both (long and short positions but we can generate some income by staking our coins on reliable DEFI projects. I also do staking as well provide liquidity but my preference is always Ethereum based projects which in my opinion is most secure and reliable network.

This is a very simple lesson and yet many people simply refuse to learn it, the bear market is hard for everyone, only those which are incredibly skilled can obtain profits with it and constant profits is even harder than that, so I will suggest to everyone to lower their expectations during a bear market, if you can come out of the bear market with just a few losses which do not affect your capital too much you should be happy about it, as the rest of investors are probably in way worse shape than you.

Zanab247

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Quote from: Portocervo777

Keep your focus on how to make money.

That is why am using my monthly salary to buy potential coins that will add value to my income in future because I want to be part of those that will smile when the price rise higher.

Quote

Stay away from btc If you are futures trader btc moving too slow.

I don't think, Bitcoin move slowly in the market because Bitcoin price make others cryptocurrencies price to move also and whenever Bitcoin price is dumping in the market other cryptocurrencies price will be dumping that made many people to prefer Bitcoin in a long team trading. I have achieved a lot of income from Bitcoin as a future trader and it has really help me to increase in profits making in the society.

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Quote from: Nrcewker on December 15, 2022, 12:11:19 PM

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Keep your focus on how to make money.
Dont try to predict Market too much.
Stay away from btc If you are futures trader btc moving too slow.

If you want to make huge amount of money, then you gonna have to take high risks. I mean if the expected return is high, then only you will make more money right? Nevertheless if you are capable enough to bear losses, then only try this path, else when the coins will turn into pebbles, no one can gurantee that.
Also Bitcoins are for slow investment to be honest. But atleast here the profits are guranteed. Let’s hope for the best and see how far we can go.

True I agree with you and the irony is that sometimes some people think that by investing in Bitcoin it will provide quick profits,
surely thinking like that is wrong especially with the current conditions I think we need patience when investing in Bitcoin,
besides that investing in Bitcoin is much safer

macson

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Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

You should only focus on few HOURS how to cash out money from Market that's it.

the price of bitcoin cannot be predicted when it will move, so when you make some open position - cashing out in a few hours is quite impossible.

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

I don't read any news i dont care much about btc and price but everyday i make money becouse i Open position for few HOURS and then whatever money i make i cash out this money.

how come you don't keep an eye on the news? news is the most important thing for a trader in analyzing bitcoin price movements, you sound like you are doing gambling rather than trading lol.

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

i am not a futures trader but in the crypto market, bitcoin price movement is the fastest. and alluding to getting a stable income every day, are you aware of what you say, how can you do that when the crypto market is a very volatile market.

Sayeds56

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Quote from: kawetsriyanto on December 09, 2022, 01:57:53 PM

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Keep your focus on how to make money.
Dont try to predict Market too much.

What do you mean, mate?
I don't think predicting market trends is a problem. It is the way to know your opportunity to buy or sell. Predicting is a necessary part of trading or investment. If you can't predict the market trends, you don't know when the best time to collect crypto assets and take the profits.

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Stay away from btc If you are futures trader btc moving too slow.

Almost all crypto coins move slowly in the current market condition, not only BTC.
If you are not familiar with future trading, sure you need to stay away. But if you know well it, why do you need to stay away?

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Most important in crypto is stable income everyday.

If you are trading crypto coins, you can't expect stable income.
For me, the income from crypto trading is always hard to predict. Crypto price is very volatile and the market trend is unpredictable. It is the factor to make it difficult to get a stable income in crypto trading.

Indeed, it is very difficult to generate stable income from trading activities during the bear run unless you are an expert trader and you have experience of working in future market where you can take both (long and short positions but we can generate some income by staking our coins on reliable DEFI projects. I also do staking as well provide liquidity but my preference is always Ethereum based projects which in my opinion is most secure and reliable network.

AicecreaME

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Just wanna add up that not all the traders only wants short term trades, like scalping, and day trading, I think the one you were trying to say OP are those who enter a position for a long term with a very low leverage, like 3x leverage to avoid early liquidation. We're in a bear market, everything moves slow because prices keeps dumping and only pumps a little to gives us a bull trap setup.

Trading is a great way to make profits but expecting to get big profits overnight when you're just a beginner is a very bad mindset to have.

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Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Most important in crypto is stable income everyday.

how can you make a stable profit if you don't seem to have much faith in bitcoin?
this..

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Stay away from btc

If you said bitcoin was slow moving I would say that's what you want for steady profits.
because the movement of bitcoin is a little slow but it sure gives the best and is more stable compared to shitcoin.
and all coin, altcoin or shitcoin prices still depend on btc. if you stay away from btc do you really not think about it.

and it looks like the way you gave is not good for beginners.

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Quote from: doomloop on December 16, 2022, 03:32:42 AM

Quote from: layoutph on December 15, 2022, 10:39:44 AM

Few years ago people here in Bitcointalk are staying away from futures. Now I see an increasing number of profitable future traders here in Bitcointalk. May I know how what is your win rate for example in 20 trades or 10 trades how many are wins and loss (liquidated or hit by stop loss)?

I think that's because people back in time are still a noob but many years have past and these people already gain a lot of experience and knowledge. They are now ready to engage in harder things but I think there are also a good number of newbies who join in.

This is why I don't blame newbies for their fault but rather help them to understand how this happened because it was the same experience we did before. Fortunately, we learn from our mistakes and make good trades after. But those who never change their way will remain failures in their goals.

Quote

This is very alarming but if there is no way to stop them then they themselves can once they incur a big loss in a short period of time. Before we engage in the real thing, it's important to practice first using the demo version. Once you saw that your wins are more than your losses then maybe that is the time to take baby steps in the real thing by using small capital. Increase it only once your results mostly win.

Therefore, we let these people learn from what they are doing now and hope for a change someday. Because I believe that their experience teaches and guides them to the right path. If we are in trading for several months and still suffering big losses, it was an indication that this is not for us. In some cases, we also have to accept that this field isn't for us and that we need to give up and look at what is best for us.

SOKO-DEKE

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Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Most important in crypto is stable income everyday.

I don't believe you that the most important in crypto to stable income everyday because that is not main reason why crypto was created, I think it was created to serve as alternative to fiat currency, so things can get easier in term of transaction not to involve the third parties. Now that everyone aim is to make profit from crypto that doesn't necessary you make the profit everybody but your target should always be how will you make that big profits from crypto.it doesn't necessarily you make income everyday in crypto once you can also make huge profits one day.

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

If you have huge amounts of money and you want to trade Bitcoin is not that slow in making reasonable profit from it, but if you are investing small amount of money you found it difficult to make some reasonable profits. at is why you see that Bitcoin always slow to increase in price.

doomloop

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Quote from: layoutph on December 15, 2022, 10:39:44 AM

Few years ago people here in Bitcointalk are staying away from futures. Now I see an increasing number of profitable future traders here in Bitcointalk. May I know how what is your win rate for example in 20 trades or 10 trades how many are wins and loss (liquidated or hit by stop loss)?

I think that's because people back in time are still a noob but many years have past and these people already gain a lot of experience and knowledge. They are now ready to engage in harder things but I think there are also a good number of newbies who join in.

This is very alarming but if there is no way to stop them then they themselves can once they incur a big loss in a short period of time. Before we engage in the real thing, it's important to practice first using the demo version. Once you saw that your wins are more than your losses then maybe that is the time to take baby steps in the real thing by using small capital. Increase it only once your results mostly win.

Nrcewker

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Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Keep your focus on how to make money.
Dont try to predict Market too much.
Stay away from btc If you are futures trader btc moving too slow.

If you want to make huge amount of money, then you gonna have to take high risks. I mean if the expected return is high, then only you will make more money right? Nevertheless if you are capable enough to bear losses, then only try this path, else when the coins will turn into pebbles, no one can gurantee that.
Also Bitcoins are for slow investment to be honest. But atleast here the profits are guranteed. Let’s hope for the best and see how far we can go.

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Quote from: GeorgeJohn on December 13, 2022, 05:54:52 PM

Quote from: Alisha-k on December 12, 2022, 10:52:27 AM

Quote from: Portocervo777 on December 09, 2022, 01:59:24 AM

Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

This where greed begins. There is no assurance crypto will guarantee a stable income that flows everyday. In our regular business we experience losses how much more a market with no fixed direction. Future trading works well with BTC just that the trader will have to know the exact timing to access the market to stay in profit.

Actually you are right in your conception over manual business getting lose, but you can't compare the lost of manual business and trading, because the lose in trading might be efficient than the one in the business, but let us just consider both as a risk, and if you don't get lose in trading what should be the remedy is to study and comprehend the rudiments of trading before venturing into it, so one of the factors while some get lost in any kind trading they venture into is the ability to peruse into it and as well known the functionalities of trading before enrolling in it.

That's why I don't think we can stop learning even though in some moments when trading we get profit,
it is very important to keep learning because trading is not easy,
Losing in real trading is also normal and we will not always be profitable

Topic: My advice If you are here to make money - page 6. (Read 1473 times)