Newbie - need your advice after first trades (image joined) thnk you in advance - page 2.

niki_suchu

newbie

Activity: 14

Merit: 1

Quote from: el kaka22 on January 10, 2023, 04:26:32 PM

I think this is nice and all for someone to ask our opinion on something like this, but the reality is that it's really very very low, it's nearly nothing. I cannot really make any type of calculations and be bothered with it. People may tell you what's good or not, but they are going to be needing some chart and check all the moves you did and their timing and where it was positioned in the chart.

hmmm ok, i think i will have to learn to expose that too

but i really appreciate you took time to feedback , and just for that, i thank you very much

i really see now that this is a big big challenge , to learn , to get through

niki_suchu

newbie

Activity: 14

Merit: 1

thank you all for the precious feedback, it will help me a lot - the positive as the negative one -

i didn't think i would receive so much from you all ,

thank you all

i will try to explore more on reading / analyzing while trying to trade and get better result step by step

tygeade

legendary

Activity: 2072

Merit: 1058

Quote from: niki_suchu on January 09, 2023, 04:06:12 AM

started from 26$ basis jsut to get to know more about the movement and so on

, ended up to 26.51 after 6-7 days of very low risk trading

wanted to know your thoughts about those trades of mine ,

For a beginner in crypto space, I believe that you are in right direction. Instead of risking too much in the beginning days itself, I guess low in capital must be a great idea but you need to be high in technical analysis and need to strictly follow risk management principles to ensure similar kind of experience in upcoming days as well.

Slowly increasing your capital and accessing the nature of market like where market is heading kind of things will help to sustain for long run. Simply not rushing for profits will help you. Always have 2nd plans like trading in spot market and if market direction is not in favour then convert your trade into holding.

el kaka22

legendary

Activity: 3486

Merit: 1162

www.Crypto.Games: Multiple coins, multiple games

I think this is nice and all for someone to ask our opinion on something like this, but the reality is that it's really very very low, it's nearly nothing. I cannot really make any type of calculations and be bothered with it. People may tell you what's good or not, but they are going to be needing some chart and check all the moves you did and their timing and where it was positioned in the chart.

Anyone who doesn't do it will not be giving you a good feedback, it would be just "looks nice!" and nothing more which is not good enough at all. This is why I believe we should be focusing a bit more detailed and I am not willing to spend that much time at all.

8rch7

sr. member

Activity: 1330

Merit: 459

Vave.com - Crypto Casino

Seems not really profitable with your first trading in cryptocurrency around your fund increase up to $26.51 from $26 after 6 and 7 days later, I don't think you bad in trading because you can't risk loss and although with little profit earn. I am glad with you because have right choose altcoin for trading in first your experience.

I remember with my self started $100 and few days later my fund drop become $80, I have little guide with trading management keep profitable and patience is the key how to earn profit later. Use your fund and start trading when market have going dump, don't be hype and following other way for buying some coin after reaching to higher price.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: Wind_FURY on January 10, 2023, 03:59:39 AM

Quote from: niki_suchu on January 09, 2023, 04:06:12 AM

hi everyone,
hope you are all doing well

just landed on the forum as i was searching for some mates to exchanges and discuss as i started - finally - to trade

started from 26$ basis jsut to get to know more about the movement and so on

, ended up to 26.51 after 6-7 days of very low risk trading

wanted to know your thoughts about those trades of mine ,

advices and tips are very welcome

thank you in advance all

hope to evolve with you all

Cheers

[img https://ibb.co/Kw6gSGj]

OP, sooner or later your emotions will get the best of you and you start making bad mistakes after another. It's definitely better to just buy the DIP and HODL, while looking for more capital to add in your investments. I believe have the right market condition for it. Day-trading might work for you, but without its own "assortment" of risks. Because to be frank, how can we ordinary plebs out-trade those professional traders who are smarter/more exeprienced than us, and with their massive capital and army of trading bots.

Good decision is to hodl especially by now where we already experience the bad season of crypto so most provably the reversal might happen then we see a bullish season after this. So its good to have some balance to prepare for good times to happen.

But also make sure that we also have spare money to use since what you said about day trading is also a perfect training ground by newbie to experience trading difficulties and learn from it.

Wind_FURY

legendary

Activity: 2884

Merit: 1810

Quote from: niki_suchu on January 09, 2023, 04:06:12 AM

hi everyone,
hope you are all doing well

just landed on the forum as i was searching for some mates to exchanges and discuss as i started - finally - to trade

started from 26$ basis jsut to get to know more about the movement and so on

, ended up to 26.51 after 6-7 days of very low risk trading

wanted to know your thoughts about those trades of mine ,

advices and tips are very welcome

thank you in advance all

hope to evolve with you all

Cheers

[img https://ibb.co/Kw6gSGj]

OP, sooner or later your emotions will get the best of you and you start making bad mistakes after another. It's definitely better to just buy the DIP and HODL, while looking for more capital to add in your investments. I believe have the right market condition for it. Day-trading might work for you, but without its own "assortment" of risks. Because to be frank, how can we ordinary plebs out-trade those professional traders who are smarter/more exeprienced than us, and with their massive capital and army of trading bots.

xSkylarx

hero member

Activity: 2352

Merit: 593

Most of us here will say that it was a kind of small profit for 6–7 days, but for me, I would say it was a good start since you are a newbie and you are just touching the water. Just continue it, and you will develop a more robust strategy and double your profit. Just don't think first about the profit; think first about how you strengthen your strategy. Also, don't be scared to lose, as that will be your teacher as long as you reflect on those mistakes you've made, research why you lost on that trade, and then try to not do it again in your future trades.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: noorman0 on January 10, 2023, 01:35:11 AM

If you are satisfied with the result, then continue. Of course people may underestimate the profit of 2% per week because they are probably used to taking bigger risks (according to their experience) in pursuit of bigger profits as well. However, congrats, you basically avoid losses as a beginner by keeping your risk as low as possible.

Basically it all comes back to each person because everyone has their own choice,
per week making 2% profit I don't think that's a bad thing,
it's really important to minimize risks and with that it also makes us learn not to be greedy.

cloirecrom

newbie

Activity: 51

Merit: 0

well if you do it to earn experience that it's good. but for real earning its not worth it, the capital is too small.
with current situation i usualy get arround 30% in 3-4month depending on price movement. some token can even hold for 6month -7 before i sell it. this is spot trading btw.

noorman0

hero member

Activity: 1764

Merit: 694

[Nope]No hype delivers more than hope

If you are satisfied with the result, then continue. Of course people may underestimate the profit of 2% per week because they are probably used to taking bigger risks (according to their experience) in pursuit of bigger profits as well. However, congrats, you basically avoid losses as a beginner by keeping your risk as low as possible.

bettercrypto

sr. member

Activity: 1288

Merit: 268

★Bitvest.io★ Play Plinko or Invest!

There are many traders here, who have been trading for several years but until now they still haven't understood the depth of cryptocurrency trading.

And that just goes to show that trading is not easy to understand especially if you are a newbie in this industry mate. Now, even if you made a small profit, I can say that it is not bad for a newbie like you who is starting here. All that matters is that there is development in your trading activity here in the crypto space.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: niki_suchu on January 09, 2023, 03:06:48 PM

Quote from: tvplus006 on January 09, 2023, 02:48:02 PM

Such a short period of time cannot give an objective picture of your trading. And your resulting profit during this time can eventually be liquidated along with the deposit with just one unsuccessful deal if you do not adhere to risk management. Therefore, it would be best for you to start not with practice, but with theory.

i totally agree , and that's the point of my post : where should i "start" , i ve already learned / read some articles there and there but the path is not straight

do i have to explore more about strategy ? which one if we see those trades i ve made

i do not intend to be "simplify" the way but have a more clearer vision of the path to follow

To trade, you will need a larger deposit than the one you have now. Since the existing deposit size can be liquidated after several unsuccessful deals. In addition, on most exchanges, the minimum size for opening an order is assigned, which in most cases is 10 dollars. In my opinion, even $100 will not be enough to start trading.

niki_suchu

newbie

Activity: 14

Merit: 1

Quote from: tvplus006 on January 09, 2023, 02:48:02 PM

Quote from: niki_suchu on January 09, 2023, 04:06:12 AM

...started from 26$ basis jsut to get to know more about the movement and so on

, ended up to 26.51 after 6-7 days of very low risk trading ..

Such a short period of time cannot give an objective picture of your trading. And your resulting profit during this time can eventually be liquidated along with the deposit with just one unsuccessful deal if you do not adhere to risk management. Therefore, it would be best for you to start not with practice, but with theory.

i totally agree , and that's the point of my post : where should i "start" , i ve already learned / read some articles there and there but the path is not straight

do i have to explore more about strategy ? which one if we see those trades i ve made

i do not intend to be "simplify" the way but have a more clearer vision of the path to follow

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: niki_suchu on January 09, 2023, 04:06:12 AM

...started from 26$ basis jsut to get to know more about the movement and so on

, ended up to 26.51 after 6-7 days of very low risk trading ..

Such a short period of time cannot give an objective picture of your trading. And your resulting profit during this time can eventually be liquidated along with the deposit with just one unsuccessful deal if you do not adhere to risk management. Therefore, it would be best for you to start not with practice, but with theory.

niki_suchu

newbie

Activity: 14

Merit: 1

Quote from: fullhdpixel on January 09, 2023, 01:52:30 PM

Quote from: dimonstration on January 09, 2023, 08:45:09 AM

You’re only burning money on the trading fees with your small trade. You can earn more if you will just buy and hold for a week rather than continuously doing small trade since your gain is just small as the fee you are using per trade. For that small capital of yours, I suggest to you to trade in long term basis or add some small leverage if you want to earn good profit that equivalent to your waiting time.

The time and effort that you put on that trade is not worthy for a 0.51$ profit for a week mate. I’d rather focus on my job and have an overtime pay compared to that small return that requires too much of my time.

He said that he is trading with a very low risk, so you are right that adding some leverage or increasing the risk might help him earn more so that he still can get something decent even though the trading fees are high. On some crypto exchanges, they do have some promotions which can help the trader to save a fee. He should learned this as well in order to maximize his earning potential.

Trading can be done in automation or by using a bot, so don't worry about the time that he spend in trading, as he can still do other activities while doing trades on the background. If all fails then his last resort would be to try investing/hodling and then working on real job.

yes, leverage is good to increase earning
thank for the leverage tip
as i mentioned , i am not at this stage of "earning" , i shared my case to have landmarks. i appreciate your strait forward point of view , always interesting to get advices from experienced mate

fullhdpixel

hero member

Activity: 2772

Merit: 603

Quote from: dimonstration on January 09, 2023, 08:45:09 AM

You’re only burning money on the trading fees with your small trade. You can earn more if you will just buy and hold for a week rather than continuously doing small trade since your gain is just small as the fee you are using per trade. For that small capital of yours, I suggest to you to trade in long term basis or add some small leverage if you want to earn good profit that equivalent to your waiting time.

The time and effort that you put on that trade is not worthy for a 0.51$ profit for a week mate. I’d rather focus on my job and have an overtime pay compared to that small return that requires too much of my time.

He said that he is trading with a very low risk, so you are right that adding some leverage or increasing the risk might help him earn more so that he still can get something decent even though the trading fees are high. On some crypto exchanges, they do have some promotions which can help the trader to save a fee. He should learned this as well in order to maximize his earning potential.

Trading can be done in automation or by using a bot, so don't worry about the time that he spend in trading, as he can still do other activities while doing trades on the background. If all fails then his last resort would be to try investing/hodling and then working on real job.

niki_suchu

newbie

Activity: 14

Merit: 1

Quote from: michellee on January 09, 2023, 12:30:45 PM

I guess @OP is someone who dared to learn to trade. $26 is the amount of money he can afford to start trading, while I don't think many people dare to take the first steps to trade.

I saw @OP using slow scalping to buy and decline. That's great @OP but be careful because if the price goes down again, you will have to wait until the price can exceed your buying price. I see @OP trying to understand how trading is and getting used to buying and selling, no matter if he can make a profit or a loss. This process must be passed by everyone who wants to learn to trade. You are on the right track, in my opinion, and you need to learn to analyze market direction using indicators such as RSI, Bollinger Bands, MACD and MA.

thanks for your point of view,

and yes, it's an amount for the discovering for crypto trading, i don't think a lot about the amount but really the process behind the little trades i've made

thanks for the support , i will surely take time to dive more deep in , but for the first week of trade , i needed advice to landmark myself

so, big big thanks for the the precious feedback, i did hesitate for al long time to dare trade for the first time

Nrcewker

copper member

Activity: 2156

Merit: 536

Building my own Dreams!

Quote from: Jawhead999 on January 09, 2023, 04:31:09 AM

So you only make $0.51 from 6-7 days with initial deposit $26? it's mean +0.020% for 6-7 days, it's less than bank interest account APY.

I will say trading isn't for you because most people can earn $0.51 in less than 6-7 days, even how poor the country he live is. I don't really understand why you need to trade with very low risk if investment is quite similar with that, you only need to hold your Bitcoin until the price reach very high in the next few years.

Mate he said he is a beginner. You expect him to make 500 USD profit in 7 days? I mean at least he didn’t made losses in his first trade. Let’s appreciate that at least. I know the amount of profit mentioned in the OP is very less, but to be honest it’s really great and fun to see that without any great knowledge or experience OP has shown some guts and thought of trading with real money. Moreover he has also maintained the minimum risk throughout the trades as he didn’t want to face a slight loss also. So far the game is great, but i guess it won’t be sufficient. OP I would suggest before using more money, just track the market and learn the terms. Then after you feel confident, buy coins and trade with perfection.

michellee

hero member

Activity: 2604

Merit: 816

Play Bitcoin PVP Prediction Game

I guess @OP is someone who dared to learn to trade. $26 is the amount of money he can afford to start trading, while I don't think many people dare to take the first steps to trade.

I saw @OP using slow scalping to buy and decline. That's great @OP but be careful because if the price goes down again, you will have to wait until the price can exceed your buying price. I see @OP trying to understand how trading is and getting used to buying and selling, no matter if he can make a profit or a loss. This process must be passed by everyone who wants to learn to trade. You are on the right track, in my opinion, and you need to learn to analyze market direction using indicators such as RSI, Bollinger Bands, MACD and MA.

Topic: Newbie - need your advice after first trades (image joined) thnk you in advance - page 2. (Read 362 times)