My advice If you are here to make money - page 8.

Flexystar

full member

Activity: 1092

Merit: 227

Quote from: dansus021 on December 09, 2022, 05:14:55 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, 02:59:24 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

Mate, if its slow mover then definitely easy to predict the window of its landing price. I think that will easily make some good cash for ya! However, I get it why are you saying that and that's because of the current market situation for the bitcoin. The case is reverse actually, bitcoin is very volatile and easily making drifts up and down by 2-5% biweekly basis, or may be more. If you find proper sweet spot to make an entry for the futures then definitely it can payback huge amount of money.

Moreover, trading in any instrument is basically same the TA and FA story. What hardens the traders life is consistency and patience breakage! If they loose any of it, the trade is gonna get messed up.

Mr.right85

hero member

Activity: 896

Merit: 645

Quote from: dansus021 on December 09, 2022, 05:14:55 AM

Quote from: Portocervo777 on December 09, 2022, 02:59:24 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.

My thoughts too. Sticking with bitcoin is probably something way to go towardd trading. Perhaps OP is more comfortable with trading altcoins and thats good enough for him or her so, I won't question it but even in doing that, it doenst do you much good to not look at the moves btc is making.
Most of the movements you observe in other coins are highly influenced by the news that plays out in btc and so, why should you ignore bitcoin.

Also, about the Jews, of course there are lots of fud being spread out as news and some do have effects on traders which in turn affects the market and news remains very much a part of fundamental analysis so how then do you not do that. Perhaps your more about the technical analysis if you do ay of those at all but, a combination of both isn't a bad idea.

Haven't said this, I'll say whatever works is what you should be doing but first, test the methods before relying on them.

isaac_clarke22

sr. member

Activity: 1596

Merit: 264

Quote from: Portocervo777 on December 10, 2022, 08:11:49 AM

~

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.

virasisog

hero member

Activity: 1820

Merit: 537

Quote from: xSkylarx on December 11, 2022, 08:26:38 AM

Quote from: blockman on December 10, 2022, 06:54:15 PM

Quote from: Portocervo777 on December 09, 2022, 02:59:24 AM

Dont try to predict Market too much.

This can't be helped, we're in a speculative market and people won't do any other thing but predict. But sometimes, you're right that there's no need to predict a lot of the market.
It's stressful and we can do nothing whatever the market shows us. So, to avoid the stressful red days of the market, just keep yourself away from the market and don't think of it a lot.

When we predict too much in the market, it will create a lot of noise . You will then not follow your strategy even though it was met since you predicted too much. Just keep it simple, see only what you can see. This is mostly known when you keep trading for a few years as you think you need a new approach or strategy as you get bored with your current strategy. Learn to rest also and the best time is the red days . A lot of traders when on a downtrend will be away and take a vacation as they know that they will be losing money on that trend.

Most traders are having are struggling during this kind of season and even professional traders are having a hard time dealing with the bearish market. Checking and predicting the price all the time might be the reason for you to lose track so you better keep calm and wait for the market recovery to happen. If you trust the coin that you're holding, then the best thing to do is to wait and have patience until the market reach a better situation again. Weak hands won't make you rich so if you want to gain good profit, you should be emotionally prepared for the possibilities.

posi

hero member

Activity: 2240

Merit: 579

Leading Crypto Sports Betting & Casino Platform

Quote from: Cling18 on December 10, 2022, 12:39:54 PM

Quote from: RealMalatesta on December 10, 2022, 09:59:24 AM

Quote from: posi on December 10, 2022, 08:53:54 AM

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.

Holding must be superior than any other trading strategies. Futures may seem like highly profitable one but when you cannot keep your technical part up all the times, a highly profitable one will turn down as a highly losable one. OP sounds like making big profits in futures trading but I am not ready to listen to them even they show verifiable proof for their words.

Coming back to your scenarios, you may not need to bother about news and market sentiments when you are holding for years. Now, we read people are holding for decade and do you think such people still bother FUDs? I mean that your level of profits and level of peace of mind will purely depend on how long you remain as a holder of bitcoins.

Futures would be hard for inexperienced traders to do especially if you can't deal with the volatility of the market and couldn't go along with the prices of crypto. It would be better to buy and hold for a long-term run because potential coins like Bitcoin are worth holding and would be good for long-term investment. You only have to be patient. It's fine to check on prices but you should know how to manage your emotions.

Even for professional traders, futures trading will always be difficult for them. Professional traders also cannot guarantee that they can make profits continuously, there will still be losses in futures trading. I have not seen anyone claim that they always win in trading, but as for holding, if you are consistent, you will never lose a bitcoin holding.

@RealMalatesta, Decade holders can ignore all the news, good or bad, but as a regular accumulator like me, I would be interested in Fuds because for me Fuds are opportunities.

xSkylarx

hero member

Activity: 2352

Merit: 593

Quote from: blockman on December 10, 2022, 06:54:15 PM

Quote from: Portocervo777 on December 09, 2022, 02:59:24 AM

Dont try to predict Market too much.

This can't be helped, we're in a speculative market and people won't do any other thing but predict. But sometimes, you're right that there's no need to predict a lot of the market.
It's stressful and we can do nothing whatever the market shows us. So, to avoid the stressful red days of the market, just keep yourself away from the market and don't think of it a lot.

When we predict too much in the market, it will create a lot of noise . You will then not follow your strategy even though it was met since you predicted too much. Just keep it simple, see only what you can see. This is mostly known when you keep trading for a few years as you think you need a new approach or strategy as you get bored with your current strategy. Learn to rest also and the best time is the red days . A lot of traders when on a downtrend will be away and take a vacation as they know that they will be losing money on that trend.

Fesatmas

sr. member

Activity: 2268

Merit: 275

Quote from: dothebeats on December 10, 2022, 06:40:35 PM

This is possible if you don't have anything to do apart from watching your screen for the whole day. If you don't have a job, you can do this and stare at your screen, and what you're saying is very sensible because ETH and BTC only moves fast whenever something is happening big, but most of the time they are slow movers and can go for weeks without much % change. I would have done this too if I don't have a full-time job: learn trading, get some profits, then call it a day but nah, I will still work with my job until I get tired of it and maybe venture into investing once I have the capital.

Yes, indeed something like this will take a lot of time for us to stay under control and also look at price movement charts. You are right if this can be done by people who only focus on trading and have no other job or in other words trading is their main income. But if we have other jobs, it will be difficult to divide the time and we can use it during holidays or free time. And even for free time only a few hours to stay in front of the screen (time is limited).

usekevin

hero member

Activity: 2170

Merit: 553

Highly Trusted|Most efficient Manager| yahoo62278

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.

blockman

hero member

Activity: 2660

Merit: 608

Vave.com - Crypto Casino

Quote from: Portocervo777 on December 09, 2022, 02:59:24 AM

Dont try to predict Market too much.

This can't be helped, we're in a speculative market and people won't do any other thing but predict. But sometimes, you're right that there's no need to predict a lot of the market.
It's stressful and we can do nothing whatever the market shows us. So, to avoid the stressful red days of the market, just keep yourself away from the market and don't think of it a lot.

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: dothebeats on December 10, 2022, 06:40:35 PM

This is possible if you don't have anything to do apart from watching your screen for the whole day. If you don't have a job, you can do this and stare at your screen, and what you're saying is very sensible because ETH and BTC only moves fast whenever something is happening big, but most of the time they are slow movers and can go for weeks without much % change. I would have done this too if I don't have a full-time job: learn trading, get some profits, then call it a day but nah, I will still work with my job until I get tired of it and maybe venture into investing once I have the capital.

everyone has their own preference on this market. but what i don't want about OP's advice is not to read the news. in my opinion, it is best if you know what is happening around you, because that would give you idea where the market is heading. just like the failure of FTX, if you don't know such news, you would wonder why the market was going down at that time period.
trading is not for all. if you have stable job, not really advisable to get into trading wherein you have no assurance of getting profits. much better if you can do a side job in trading to hone your skills and also do your regular job. in time, you will gain such trading skills and tricks that will give you edge on this venture.

dothebeats

legendary

Activity: 3542

Merit: 1352

Excel is fun

This is possible if you don't have anything to do apart from watching your screen for the whole day. If you don't have a job, you can do this and stare at your screen, and what you're saying is very sensible because ETH and BTC only moves fast whenever something is happening big, but most of the time they are slow movers and can go for weeks without much % change. I would have done this too if I don't have a full-time job: learn trading, get some profits, then call it a day but nah, I will still work with my job until I get tired of it and maybe venture into investing once I have the capital.

kamvreto

legendary

Activity: 1946

Merit: 1157

Undeads.com - P2E Runner Game

Quote from: bhooscream on December 10, 2022, 06:04:27 PM

These are meaningful lessons and reasons. Well, sometimes, the result will depend on how we start the way and what we expect the goal. If we are only focusing on how to be rich and make money so highly in the quick time, we will be hurried in deciding something. And the result will be losing.

For future trading, this is always a high risk to do, moreover for newbies or someone who is starting to do future trading. This is a high risk, very risky. I do agree that futures trading may be good on altcoins, but once more, the change in altcoins are also very drastic and this will be going to come opposite for us, so we must be also ready for all probabilities happen in the market and make the solution quickly.

make money fast and want to get rich overnight. that is the thought of a newbie who doesn't know the full extent of the crypto world. Wealth may be built overnight, but all of that also takes process. Moreover, trading also requires qualified skills and strong capital to be able to make profits consistently.
Especially when talking about futures trading which incidentally has a bigger risk and could lose everything if you can't set a strategy on futures trading. The risk is very big if you are not ready, crypto price fluctuations will run quickly and if you are not ready Futures trading will be liquidated and capital will disappear.

bhooscream

full member

Activity: 728

Merit: 117

Quote from: Portocervo777 on December 09, 2022, 02:59:24 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.

These are meaningful lessons and reasons. Well, sometimes, the result will depend on how we start the way and what we expect the goal. If we are only focusing on how to be rich and make money so highly in the quick time, we will be hurried in deciding something. And the result will be losing.

For future trading, this is always a high risk to do, moreover for newbies or someone who is starting to do future trading. This is a high risk, very risky. I do agree that futures trading may be good on altcoins, but once more, the change in altcoins are also very drastic and this will be going to come opposite for us, so we must be also ready for all probabilities happen in the market and make the solution quickly.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Cling18 on December 10, 2022, 12:39:54 PM

Futures would be hard for inexperienced traders to do especially if you can't deal with the volatility of the market and couldn't go along with the prices of crypto...

In this case, an inexperienced trader will lose his deposit very quickly. Futures trading is dangerous not only for beginners, but also for experienced traders who also lose their money. But an experienced trader has the advantage that he uses risk management, which limits losses.

Nrcewker

copper member

Activity: 2156

Merit: 536

Building my own Dreams!

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.

Cling18

full member

Activity: 1708

Merit: 126

Quote from: RealMalatesta on December 10, 2022, 09:59:24 AM

Quote from: posi on December 10, 2022, 08:53:54 AM

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.

Holding must be superior than any other trading strategies. Futures may seem like highly profitable one but when you cannot keep your technical part up all the times, a highly profitable one will turn down as a highly losable one. OP sounds like making big profits in futures trading but I am not ready to listen to them even they show verifiable proof for their words.

Coming back to your scenarios, you may not need to bother about news and market sentiments when you are holding for years. Now, we read people are holding for decade and do you think such people still bother FUDs? I mean that your level of profits and level of peace of mind will purely depend on how long you remain as a holder of bitcoins.

Futures would be hard for inexperienced traders to do especially if you can't deal with the volatility of the market and couldn't go along with the prices of crypto. It would be better to buy and hold for a long-term run because potential coins like Bitcoin are worth holding and would be good for long-term investment. You only have to be patient. It's fine to check on prices but you should know how to manage your emotions.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: posi on December 10, 2022, 08:53:54 AM

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.

Holding must be superior than any other trading strategies. Futures may seem like highly profitable one but when you cannot keep your technical part up all the times, a highly profitable one will turn down as a highly losable one. OP sounds like making big profits in futures trading but I am not ready to listen to them even they show verifiable proof for their words.

Coming back to your scenarios, you may not need to bother about news and market sentiments when you are holding for years. Now, we read people are holding for decade and do you think such people still bother FUDs? I mean that your level of profits and level of peace of mind will purely depend on how long you remain as a holder of bitcoins.

posi

hero member

Activity: 2240

Merit: 579

Leading Crypto Sports Betting & Casino Platform

Quote from: Kasabus on December 09, 2022, 05:09:11 PM

Quote from: Wind_FURY on December 09, 2022, 08:13:32 AM

OP, you have given all the advice that should NOT be done by plebs like us, ESPECIALLY during where and how the market currently is. NOW, it's time to save as much as we can and accumulate. There might be another crash, large or small, but the next months whether the crash happens, or doesn't happen, WILL be the time for ACCUMULATION = Buy and HODL. Tell me during 2025 if I'm wrong or not. Cool

As long as there are great opportunities in the market, then definitely accumulation for bitcoin and long term hodling will always be the best outlet. That way, you won’t have to mind the big and small market crash, or the short and long market crash, because if you are hodling potential coins and your portfolio is filled with bitcoin, that’s enough reason that you can optimize profits in the future.

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.

Portocervo777

newbie

Activity: 56

Merit: 0

Quote from: kawetsriyanto on December 09, 2022, 02:57:53 PM

Quote from: Portocervo777 on December 09, 2022, 02:59:24 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, 02:59:24 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, 02:59:24 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.

I mean yes i can see that btc are high but it don't mean it will drop down immediately.
Sometimes you have to wait for btc like Week when it start moving.
It's all good my trading method are just Im eating everyday.
I got no time to wait when btc start moving so i trade coins everyday what are volatile enough.

It works for me and Im sure it works others If you want to learn and understood.
My point is: i got to eat everyday so i Open one position for few HOURS then i check again and will decide how much money i'll take it from the table and closing the trade.

My mindset is Simple, i Open exchanger and will decide wich coin Will give me some money in next few HOURS.

My margin are 100-200 per trade so with 30%profit per trade Im happy enough.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: ?? on ??

...The problem with most retail traders is that they set too high expectations for their trades, as a result, the market does not reach their take-profit levels and the trade instantly turns from profitable to losing, although it had the potential to extract some profit.

This really confirms once again the words that the main problem that leads to loss is greed. Thus, without fixing a profit at the level of 5-10%, after which a profitable position becomes unprofitable, the trader turns into an investor at one moment.

Topic: My advice If you are here to make money - page 8. (Read 1458 times)