Newbie looking for some strategic advice - page 3.

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Quote from: Edraket31 on January 24, 2020, 12:39:59 AM

Quote from: Btc_1856 on January 24, 2020, 12:28:09 AM

You are right, through an experience we can understand which strategy we have to follow because basic knowledge will help to know basic knowledge about the trading. The strategy will be implemented only when we have good experience of trading, even an experienced person will face difficulty during their trading.

Experience will always be our best teacher, it is not enough that everyday we are looking and studying for more strategies if we can't even have the time to do trading for us to have experience, let's apply some basic strategies first by starting to trade at small amount, then when you have your own strategy and learning trading then you can start to add your capital.

Yes. Start trading will a small capital first and when you are already skilled in trading, you can start trading with a bigger capital already. Trading will be very profitable especially if we really know what we are doing even if there are so much risks in it.

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Quote from: MWesterweele on January 24, 2020, 11:01:18 AM

Quote from: jostorres on January 23, 2020, 11:48:51 PM

Newbies should rarely go for short-term trading. Short-term trading means trading in span of 1 to 5 days. Prices are much volatile and do you really think, newbies might be able to find any profits in such short terms. What I personally experienced is that most of the newbie traders who are willing to go for short-term trading end up buying coins at a wrong price which would make them wait for more than they expected in order to gain some profits but this would not be what was expected by them and also they do fail to properly manage their funds in this situation.

I would suggest newbies to start investing into coins for long term. They might sell their coins if they find profits in short term but always consider you would invest for long-term in any coin you invest because being new to the markets, you could not really predict the prices accordingly.

I recommend it as well, they needed to have a short trade at first so that, it would not be bad for them since they are just starting, they need to learn how does the market reacts, its volatility and many more. in a short span of time Im sure they will be having a great and many trades, but they need to keep in mind that, they need to trade in small amount at first, and then when they can manage the trades they can add more.

at first if we are able to trade short-term then if we make a long-term investment it will be easier because it already has the basic knowledge of existing research. so first of all you have to learn price action on the market and also market volatility, and I agree to use a little money when learning how to trade.

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Quote from: Wipeout2097 on January 23, 2020, 10:54:09 AM

Your intentions are positive and your efforts will be paid off,Trading is never stopping process its a learning process and if you earn little from trade just keep move and if loose learn from the mistake and never repeat again and move but never give-up on trading.

Long term and short term is based on the individuals daily routine and how passionate about the trading,If you are free and able to pay bills then full time trading on daily basis is best option and if you want to trade as side work then long term i s best option.

actually if someone is not able to make the desired amount of profit then it is better to give up on trading cryptocurrencies and try to concentrate on very long time trading method which is called holding.

But as you said trading is never stopping method you can learn or make profit but make sure that you are not gambling in the name of crypto trading

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Quote from: jostorres on January 23, 2020, 11:48:51 PM

Newbies should rarely go for short-term trading. Short-term trading means trading in span of 1 to 5 days. Prices are much volatile and do you really think, newbies might be able to find any profits in such short terms. What I personally experienced is that most of the newbie traders who are willing to go for short-term trading end up buying coins at a wrong price which would make them wait for more than they expected in order to gain some profits but this would not be what was expected by them and also they do fail to properly manage their funds in this situation.

I would suggest newbies to start investing into coins for long term. They might sell their coins if they find profits in short term but always consider you would invest for long-term in any coin you invest because being new to the markets, you could not really predict the prices accordingly.

I recommend it as well, they needed to have a short trade at first so that, it would not be bad for them since they are just starting, they need to learn how does the market reacts, its volatility and many more. in a short span of time Im sure they will be having a great and many trades, but they need to keep in mind that, they need to trade in small amount at first, and then when they can manage the trades they can add more.

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Quote from: Wipeout2097 on January 23, 2020, 10:54:09 AM

Your intentions are positive and your efforts will be paid off,Trading is never stopping process its a learning process and if you earn little from trade just keep move and if loose learn from the mistake and never repeat again and move but never give-up on trading.

Long term and short term is based on the individuals daily routine and how passionate about the trading,If you are free and able to pay bills then full time trading on daily basis is best option and if you want to trade as side work then long term i s best option.

I would add a little to your idea, beside positive intentions, your confidence in what you are doing, how are you going to manage it, the knowledge you have adopt is sufficient and you will get good results is very important. Confidence plus effort keeps you going and gives you extra power to excel. One more aspect is do not believe on anything before confirmation.

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Quote from: Wipeout2097 on January 23, 2020, 10:54:09 AM

Long term and short term is based on the individuals daily routine and how passionate about the trading,If you are free and able to pay bills then full time trading on daily basis is best option and if you want to trade as side work then long term i s best option.

With having experience in the short term and long term trading, he can try to make a profit, but in this situation, it seems it still difficult to use short term strategy as the market price still not good to buy and sell. Maybe if he buys the coin today, he need to hold it for one or two days before he can see the price will increase higher than the price he bought so he can make that profit. But sometimes, he can be lucky to sell at a high price because sometimes, the pump can happen after the price reaches the low price.

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Quote from: Btc_1856 on January 24, 2020, 12:28:09 AM

You are right, through an experience we can understand which strategy we have to follow because basic knowledge will help to know basic knowledge about the trading. The strategy will be implemented only when we have good experience of trading, even an experienced person will face difficulty during their trading.

Experience will always be our best teacher, it is not enough that everyday we are looking and studying for more strategies if we can't even have the time to do trading for us to have experience, let's apply some basic strategies first by starting to trade at small amount, then when you have your own strategy and learning trading then you can start to add your capital.

Btc_1856

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Quote from: dimonstration on January 18, 2020, 08:28:54 AM

Quote from: puertorikosena on January 17, 2020, 06:02:52 AM

I think that you think absolutely correctly. The main thing is to establish yourself a tight framework that you can’t go beyond so as not to incur big losses. Everything else will come with experience. Good luck in your trading.

We will sure to learn from experience, but it's also good to study in advance, atleast learn the basic and know the concept. It's also good to think advance than lost a lot. Put limit and put always be discipline. Strategy will come out when we already get to used in trading and finding thrill in earning.

You are right, through an experience we can understand which strategy we have to follow because basic knowledge will help to know basic knowledge about the trading. The strategy will be implemented only when we have good experience of trading, even an experienced person will face difficulty during their trading.

jostorres

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I think you should have done short term trading well first. Because traders are a pretty interesting job, it helps you train discipline and better understand the market than anyone. It forces you to learn more and requires more of your individual virtues. Therefore, the short-term trade is really necessary for newbie, because later you have long-term investment, you also choose a good time to buy and to make the least loss. absolutely do not trade margin, you will only get bad results, just trade normally.

I squabble. Newbies should rarely go for short-term trading. Short-term trading means trading in span of 1 to 5 days. Prices are much volatile and do you really think, newbies might be able to find any profits in such short terms. What I personally experienced is that most of the newbie traders who are willing to go for short-term trading end up buying coins at a wrong price which would make them wait for more than they expected in order to gain some profits but this would not be what was expected by them and also they do fail to properly manage their funds in this situation.

I would suggest newbies to start investing into coins for long term. They might sell their coins if they find profits in short term but always consider you would invest for long-term in any coin you invest because being new to the markets, you could not really predict the prices accordingly.

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Your intentions are positive and your efforts will be paid off,Trading is never stopping process its a learning process and if you earn little from trade just keep move and if loose learn from the mistake and never repeat again and move but never give-up on trading.

Long term and short term is based on the individuals daily routine and how passionate about the trading,If you are free and able to pay bills then full time trading on daily basis is best option and if you want to trade as side work then long term i s best option.

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Quote from: davinchi on January 22, 2020, 01:22:03 PM

Quote from: wajik-tempe on January 18, 2020, 01:43:31 AM

Quote from: KnightElite on January 17, 2020, 11:46:41 PM

Quote from: RealMalatesta on January 17, 2020, 05:44:42 AM

You said you already have some good coins that you know are likely to increase in price if you should invest in them for long term, in about six months to one year, so I would suggest that you start with long term trading. There has been a lot of speculation that Bitcoin price will increase after the halving.

People are saying this because after the last two halving there was increase, so they are believing that same thing is likely to repeat itself and I have seen some people do some serious technical analysis to prove this. And another reason you should start with long term is because it’s easier than the other ones you have mentioned.

But it is just speculations and we are not sure if the price will really increase after the halving. For those newbies, your focus should first to understand the price action. Strategies won't work if you still do not know how to read price and trends. It is really important to understand the market first in order for us to have high winning rate ahen are trading. Long term trading is also more preferable than short term trasing for those newbies.

In terms of economic theory the price must be increase, because the supply less and harder to mine and also the demand is still the same, or even more. Because people physicology are likely to buy something that limited eventhough they're not going to use it. So i think if the price crashed after halving, there must be the whales game

Halving has to increase the price after certain point, not maybe right away after the halving itself, maybe not before the halving, however eventually there has to be increase attributed to it. Consider the fact that there is 1800 bitcoins a day printed out of nothing right now and that will drop to 900 bitcoins, I get that miners do charge for transaction fee's and so forth but that doesn't mean that people will pay for double the transaction fee's that easily, so the price has to go up in order to cover that difference.

I personally think that halving will cause miners to stop selling at the current rates, even if not double but sell for higher prices which will increase the price very easily. Simply put, inflation is dropping and that will increase the price, simple as that.

I also think halving will somehow stop miners from selling at the current trend but the most people dont understand the purpose of block been halved which is the reason why they think it will literally make miners to quit mining and the genuine truth of halving implementation is to control and manage inflation.

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Quote from: wajik-tempe on January 18, 2020, 01:43:31 AM

Quote from: KnightElite on January 17, 2020, 11:46:41 PM

Quote from: RealMalatesta on January 17, 2020, 05:44:42 AM

You said you already have some good coins that you know are likely to increase in price if you should invest in them for long term, in about six months to one year, so I would suggest that you start with long term trading. There has been a lot of speculation that Bitcoin price will increase after the halving.

People are saying this because after the last two halving there was increase, so they are believing that same thing is likely to repeat itself and I have seen some people do some serious technical analysis to prove this. And another reason you should start with long term is because it’s easier than the other ones you have mentioned.

But it is just speculations and we are not sure if the price will really increase after the halving. For those newbies, your focus should first to understand the price action. Strategies won't work if you still do not know how to read price and trends. It is really important to understand the market first in order for us to have high winning rate ahen are trading. Long term trading is also more preferable than short term trasing for those newbies.

In terms of economic theory the price must be increase, because the supply less and harder to mine and also the demand is still the same, or even more. Because people physicology are likely to buy something that limited eventhough they're not going to use it. So i think if the price crashed after halving, there must be the whales game

Halving has to increase the price after certain point, not maybe right away after the halving itself, maybe not before the halving, however eventually there has to be increase attributed to it. Consider the fact that there is 1800 bitcoins a day printed out of nothing right now and that will drop to 900 bitcoins, I get that miners do charge for transaction fee's and so forth but that doesn't mean that people will pay for double the transaction fee's that easily, so the price has to go up in order to cover that difference.

I personally think that halving will cause miners to stop selling at the current rates, even if not double but sell for higher prices which will increase the price very easily. Simply put, inflation is dropping and that will increase the price, simple as that.

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Quote from: Questat on January 17, 2020, 12:10:51 AM

Quote from: DevilSlayer on January 17, 2020, 12:07:55 AM

Trading is a process, we cannot begin in becoming a day trader.

IMO, we can because we will surely gonna experiment until we improve, yes, day trading is hard but a trader if he is willing to learn and improve his knowledge its not impossible that he will be successful, it's not impossible to be successful in day trading but it's just not advisable for newbie to start with an aggressive amount.

But how likely it is for a newbie to become profitable as a day trader? There are people that have tried day trading for years and they still have nothing to show for their efforts, what are the chances that a newbie with even less knowledge about the market and how it moves could make more money than such person? It is better for newbies to begin as long term traders and then they should reduce the time frame of their trades and then after some months they could begin to day trade if they are successful.

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I don't think we need to continue this discussion. I've found out that OP is no longer active after a few days of his post and it looks like he'll find anything helpful tips or advice already. I hope OP has already been enjoyed his life in trading now.

A lot of topics similar to this;
https://bitcointalk.org/index.php?topic=5208379.180
https://bitcointalk.org/index.php?topic=2276488.200( locked)

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Quote from: KnightElite on January 17, 2020, 11:46:41 PM

Quote from: RealMalatesta on January 17, 2020, 05:44:42 AM

You said you already have some good coins that you know are likely to increase in price if you should invest in them for long term, in about six months to one year, so I would suggest that you start with long term trading. There has been a lot of speculation that Bitcoin price will increase after the halving.

People are saying this because after the last two halving there was increase, so they are believing that same thing is likely to repeat itself and I have seen some people do some serious technical analysis to prove this. And another reason you should start with long term is because it’s easier than the other ones you have mentioned.

But it is just speculations and we are not sure if the price will really increase after the halving. For those newbies, your focus should first to understand the price action. Strategies won't work if you still do not know how to read price and trends. It is really important to understand the market first in order for us to have high winning rate ahen are trading. Long term trading is also more preferable than short term trasing for those newbies.

It may be just speculation and there's low chance for it to happen but still, we cannot remove the fact that Bitcoin and the whole market are unpredictable hence, there's a probability that Bitcoin will pump after the halving and there's also a chance for it to dip even more. Since we don't know how the market behaves then I would recommend for you to buy Bitcoin right now, HOLD it for a moment and wait for the right time to come then sell, by that way you will have your return without exposing your investment into much risk. And that is why I am very fond of long term investment so I would highly recommend this for newbies.

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Quote from: puertorikosena on January 17, 2020, 06:02:52 AM

I think that you think absolutely correctly. The main thing is to establish yourself a tight framework that you can’t go beyond so as not to incur big losses. Everything else will come with experience. Good luck in your trading.

We will sure to learn from experience, but it's also good to study in advance, atleast learn the basic and know the concept. It's also good to think advance than lost a lot. Put limit and put always be discipline. Strategy will come out when we already get to used in trading and finding thrill in earning.

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Quote from: KnightElite on January 17, 2020, 11:46:41 PM

Quote from: RealMalatesta on January 17, 2020, 05:44:42 AM

You said you already have some good coins that you know are likely to increase in price if you should invest in them for long term, in about six months to one year, so I would suggest that you start with long term trading. There has been a lot of speculation that Bitcoin price will increase after the halving.

People are saying this because after the last two halving there was increase, so they are believing that same thing is likely to repeat itself and I have seen some people do some serious technical analysis to prove this. And another reason you should start with long term is because it’s easier than the other ones you have mentioned.

But it is just speculations and we are not sure if the price will really increase after the halving. For those newbies, your focus should first to understand the price action. Strategies won't work if you still do not know how to read price and trends. It is really important to understand the market first in order for us to have high winning rate ahen are trading. Long term trading is also more preferable than short term trasing for those newbies.

In terms of economic theory the price must be increase, because the supply less and harder to mine and also the demand is still the same, or even more. Because people physicology are likely to buy something that limited eventhough they're not going to use it. So i think if the price crashed after halving, there must be the whales game

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Quote from: RealMalatesta on January 17, 2020, 05:44:42 AM

You said you already have some good coins that you know are likely to increase in price if you should invest in them for long term, in about six months to one year, so I would suggest that you start with long term trading. There has been a lot of speculation that Bitcoin price will increase after the halving.

People are saying this because after the last two halving there was increase, so they are believing that same thing is likely to repeat itself and I have seen some people do some serious technical analysis to prove this. And another reason you should start with long term is because it’s easier than the other ones you have mentioned.

But it is just speculations and we are not sure if the price will really increase after the halving. For those newbies, your focus should first to understand the price action. Strategies won't work if you still do not know how to read price and trends. It is really important to understand the market first in order for us to have high winning rate ahen are trading. Long term trading is also more preferable than short term trasing for those newbies.

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Quote from: ultrloa on January 17, 2020, 01:07:01 AM

Quote from: Questat on January 17, 2020, 12:10:51 AM

Quote from: DevilSlayer on January 17, 2020, 12:07:55 AM

Trading is a process, we cannot begin in becoming a day trader.

IMO, we can because we will surely gonna experiment until we improve, yes, day trading is hard but a trader if he is willing to learn and improve his knowledge its not impossible that he will be successful, it's not impossible to be successful in day trading but it's just not advisable for newbie to start with an aggressive amount.

Yes those experimental losses is a best teacher if the person will not bored for the lose he encounter in his early stage since we will surely go to that process and it's really not impossible to be a successful trader but we need to be more passionate and willing to learn on new things since if newbies are here to gain a quick profit then they will lose.

The experience of losing the money in trading will make us learn more about trading so we can trade with better, and we can also make a profit from trading. Sometimes new people are too afraid to trade because they feel that they don't have enough knowledge or skills in trading. But trust me, if you do not try, you will not know what you need to learn more, and you will not have a chance to make a profit.

He can try with little money first to see if he can understand the lesson that he learned. And if he thinks that he has skills, then he can add more money to trade, and let see if he can make a profit again or not. If he cannot make a profit, then there is something wrong with him, and he needs to learn more about analyzing the coin. Mastering trading will not happen in one night, but it will give you a chance to be a pro trader if you want to learn more.

puertorikosena

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I think that you think absolutely correctly. The main thing is to establish yourself a tight framework that you can’t go beyond so as not to incur big losses. Everything else will come with experience. Good luck in your trading.

Topic: Newbie looking for some strategic advice - page 3. (Read 1704 times)