Topic: My advice If you are here to make money - page 7. (Read 1458 times)

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.

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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.

I think when it comes to trading in a very unpredictable market, no one is considered expert or professional in the real sense. Everyone here acts as a pleb, trying to win over the market with no guaranteed results. That is why if you want to create good trades, never go with money. Avoid being greedy and never chase profits all the time. Just stay calm and focus on the market, and stick to bitcoin. And never lost your patience as it’s always the best key to succeed.

Dont try to predict Market too much.

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

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.

No one needs advice, or shares advice if they are really making money out of it. Just obey and listen the facts and traders are good to go. The basic thing that any trader needs to understand is that, don’t go for money. I mean don’t be greedy. No one can become millionaire overnight. Take calculated risk and trade the amount that you can afford to lose. It’s fine to at first lose, in order to understand the process. At last be confident and be cautious to the market.

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.

The future players tactics should be different as compared to the normal traders.Because the market response was the cause of the future.It’s essential to be active in the future trading,to withdraw when the market was change from normal stand to the extreme conditions.When the market was responding green or red both affect the person involved to the future trading.

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.

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.

To know the trend of the market is a good strategy and this will help you not to trade opposite market. Trading opposite market is the reason for loses. So shorting a bear market will get your order filled faster and you cash out. I believe the aspect that you don't need to waste time in the market to take your profit but some order takes longer time for it to go your direction. In any case, ideally I stop my order before the next opening of trade.

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.

Stay away from btc If you are futures trader btc moving too slow.
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If you use btc futures without having sufficient analytical skills, you will not get profits but will experience losses, making your capital run out. Apart from that, you also have to control your emotions in trading because this has made many people lose opportunities to make profits. But as traders, we have our own way of analyzing the market to find a time when we can trade.

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.

It is just plain simple that if people are into long-term, just go with Bitcoin. If you are actively trading whether it is really your expertise or just your hobby, then it could be different coins every day. I think there are some people misinterpreting what you're saying or what you're trying to imply.
Day trading did not work for me so I just went up straight hold for Bitcoin. I understand that taking it slow does not work for you and you decided to day trade or like you mentioned "trade coins everyday". Everyone has their own strategy in the end.

Exactly, accumulating and holding is more suitable than futures trading at this point, but I like to pay attention to market news, especially Fuds or someone's catastrophic failures in the market. I am also a holder, but I want to accumulate bitcoin at the cheapest and lowest possible price, so I want to take advantage of every opportunity. By following market news, we will avail and save a lot of money because the same amount of money you will buy more bitcoins when the bitcoin price drops.

It is just plain simple that if people are into long-term, just go with Bitcoin. If you are actively trading whether it is really your expertise or just your hobby, then it could be different coins every day. I think there are some people misinterpreting what you're saying or what you're trying to imply.
Day trading did not work for me so I just went up straight hold for Bitcoin. I understand that taking it slow does not work for you and you decided to day trade or like you mentioned "trade coins everyday". Everyone has their own strategy in the end.