Risks to consider before trading? - page 5.

Distinctin

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Quote from: izanagi narukami on June 25, 2019, 09:10:00 AM

Quote from: joromz1226 on June 25, 2019, 05:50:19 AM

~snip~

Yes, day trader always make significant amount of profit but if we see the risk, you will find it's too difficult !
I'm suggesting to keep hold it for a long term, much better & less stress.

Trading always have the risk so we need to minimalize by experience from the expert !

good psychology will help us to get out of any market conditions, be it bearish or bullish. panic sell does not only occur when bearish, but at bullish times we sometimes can't wait to release our assets

But mostly we find panic sellers during bear season, it obvious that they are worried about their funds to lose while still have time to save some.
Of course, I'll do the same if that is the only we can save it. It is a tough decision but I'll feel better to have this than to keep it holding even we know that certain coin has no future. Not unless to those top coins in the market.

izanagi narukami

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Quote from: joromz1226 on June 25, 2019, 05:50:19 AM

Base on what I observed here in crypto trading, most of the traders who get profit here are the day traders. Because everyday they have a chance to get profit compare into long term holdings....

Yes, day trader always make significant amount of profit but if we see the risk, you will find it's too difficult !
I'm suggesting to keep hold it for a long term, much better & less stress.

Trading always have the risk so we need to minimalize by experience from the expert !

EdenHazard

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Quote from: CryptoPowerL on June 22, 2019, 04:23:38 PM

If you want to start trading now, then maybe you will succeed, because in a growing market it is easy to make a profit. But as soon as the correction, you will begin to experience serious losses.

A good market it doesn't mean a good condition for some trader especially for new traders to get profit. Indeed, the market will be up easily with the current condition. But, the strategy is really needed when you start trading at least you have to know the candle pattern or use the strategy per candle. Because a trading is not about buy and sell only, you need an understanding make a buy and sell it will determine you get a profit or lose. More than that if you have an understanding how to trade then I believe you will know the correction that will come so it is not a problem that must be avoided.

danherbias07

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Expect a wave that no one expects.

I have been on the contrary of every possible analysis of different youtuber.
It is a bet I am willing to take just so to make profit in an instant. Who knows when the price will suddenly fall. It is a good and thrilling experience.
I am not saying I am against all this pump. Just being extraordinary. Grin

xSkylarx

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-Market is very volatile.
-Some altcoins are just pump and dump scheme so avoid buying those.
-DYOR, don't listen to some self proclaimed experts.
-Don't buy on FOMO.
-Don't be greedy, set a target gain then sell for profit.

There are many more others. You'll learn them as you progress.
As they say, experience is the best teacher.

joromz1226

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Base on what I observed here in crypto trading, most of the traders who get profit here are the day traders. Because everyday they have a chance to get profit compare into long term holdings. You don't when will gonna kick its price in the market because the it is unpredictable and We all know that, right? therefore, as much as possible don't hold all your coins in a long term, though you can hold in long term but make sure it has a capacity to give you full satisfaction if you do it, just like Bitcoin and Ethereum.

agatha90

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Risk management is one of the most important pillars in trading. A trader must think about this before starting trading. This is not a matter of how much profit a trader can achieve, but more important is how long a trader can survive in the highly competitive crypto market.

FanEagle

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Quote from: timcook on June 18, 2019, 08:06:02 AM

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/

Let me know please, want to get as much help as possible!

I think you are right, the volatility is the biggest risk, right now bitcoin is about 11k, tomorrow morning we can wake up to bitcoin being either 5 thousand dollars or 15 thousand dollars and none of it would be shock to us, of course its always weird when bitcoin goes down 50% or goes up 50% but it is still not unbelievable and still not shocking, it is just either upsetting or very happy but not shocking.

This is due to bitcoin being so volatile that we are all used to it by now, we are not getting surprised about the incredibly weird movements of it. If you can get used to it you realize one thing though, if you win a lot of money all of a sudden you tend to cash it out and than waiting for a better price when it drops and if it drops than you wait because you know eventually it will go up.

CryptoPowerL

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If you want to start trading now, then maybe you will succeed, because in a growing market it is easy to make a profit. But as soon as the correction, you will begin to experience serious losses.

Thanasis

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Quote from: NN52NN on June 22, 2019, 03:30:23 PM

The main thing is the lack of greed. You need to be able to fix profits and not regret the loss of profits.

Don't regret about high profits if you hold it better,just accept what you made and keep trading for more and more profits.You will eventually make more profits by doing multiple trades.

bandungan

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Quote from: timcook on June 18, 2019, 08:06:02 AM

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/

Let me know please, want to get as much help as possible!

the risk of losses due to coin selection errors can be a loss. then the risk in managing mistakes when buying and selling. This in my opinion must be right to be noticed before doing trading for beginner or professional traders

Harlot

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Quote from: Reid on June 21, 2019, 08:19:46 PM

Beware of analyst wannabe's. They are all over social media specially youtube whom just want to gain views for profit.

If in panic, try to get a breather. Do not force any trade just because you are not thinking straight anymore.

I won't say that they are all "wannabes" and all in for profit, after all it's their own analysis and we should be grateful that they are sharing their knowledge to us. Your only job is to check it for yourself and do your own research if what they are saying is true, and if it's near on what you have analyze for yourself. You can really learn a thing or two on what they are doing since traders have different approach on their analysis from analyzing it with waves to as simple as reading the volume and moving averages, you can never really go wrong by just checking them all out.

NN52NN

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The main thing is the lack of greed. You need to be able to fix profits and not regret the loss of profits.

Wolfwar

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It seems to me that every trader has every risk justified and brings a good result. in any case, no one risks, If there is no certainty or a certain calculation.

shulc7

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Quote from: Barbut on June 21, 2019, 06:08:56 AM

There is just one risk, it`s losing money. But have it in mind that you can`t lose everything you invested if you trade with top coins, they will never drop to zero, so you can sell what is left and have some money back, in the end, if you decide to quit after some time. Don`t be afraid to try it, even with some risks I think everyone can afford to lose some money, $10 or $100, what you can afford to lose.

You should never spend more money than you can afford. If you know that the loss will negatively affect your life, it is better to spend less. No money can be also borrowed for these purposes - this is too risky.

nicolaz.zhu

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Every investment has a big risk. Sometimes profit and loss. But I think this investment in bitcoin can be profitable. Bitcoin has proven in a few months to reach $ 10000 from the previous price of $ 3000.

Serco

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Quote from: perla on June 21, 2019, 05:29:18 PM

Quote from: maydna on June 21, 2019, 04:32:38 PM

The first thing you need to realize the risk of trading is you can lose your money at the market, but you have a chance to recover the losses. You should think about losing self-control too in trading because once you see the market moving to any price, you can become panic and lose your mind to get a solution if the market is moving down. But if the market can get up, you become greedy to make more profit, which could make you lose the profit or too late to take the profit.

Actually this forum is already good to used as research or look information. You know what you explain is something that simple but almost contain basic things that we need in trading. About technical strategy maybe can be done with practice.

not only in this forum.there are many free source spreaded in google.this is effective ways for us to find basic knowledge about cryptocurrency trading and manage the risk.don't be hurry investing in this market before we have skills and knowledge.

Caladonian

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Quote from: Reid on June 21, 2019, 08:19:46 PM

Be ready for anything.
The impossible can happen with crypro.
Do not compare it with forex, worse is you are trying to immitate a trading skill used in forex applied with crypto.

Beware of analyst wannabe's. They are all over social media specially youtube whom just want to gain views for profit.

If in panic, try to get a breather. Do not force any trade just because you are not thinking straight anymore.

Be aware that there's a lots of wannabe's who wanted to get impressions and possible followers for much easier liquidations of their hold assets, try to use them as a good way of updating yourself, try to work with your knowledge and use those wannabe's analysis as your basis whenever you are trying to position yourself, find significance and good reason behind those calls and apply it to your own predictions, trade together with your confidence so you'll always have optimistic approach from each trade that you will going to established.

Reid

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Be ready for anything.
The impossible can happen with crypro.
Do not compare it with forex, worse is you are trying to immitate a trading skill used in forex applied with crypto.

Beware of analyst wannabe's. They are all over social media specially youtube whom just want to gain views for profit.

If in panic, try to get a breather. Do not force any trade just because you are not thinking straight anymore.

Viscore

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Quote from: perla on June 21, 2019, 05:29:18 PM

Quote from: maydna on June 21, 2019, 04:32:38 PM

The first thing you need to realize the risk of trading is you can lose your money at the market, but you have a chance to recover the losses. You should think about losing self-control too in trading because once you see the market moving to any price, you can become panic and lose your mind to get a solution if the market is moving down. But if the market can get up, you become greedy to make more profit, which could make you lose the profit or too late to take the profit.

Actually this forum is already good to used as research or look information. You know what you explain is something that simple but almost contain basic things that we need in trading. About technical strategy maybe can be done with practice.

Yes. Truly this forum is very helpful particularly to all newbies in trading. Trading brings a lot of risks but it's even more profitable than gambling and the rate of making profits in trading is higher compared to gambling. If you want to make consistent profits in trading, study the movement of the coins in the market and understand all those things that you have studied.

Topic: Risks to consider before trading? - page 5. (Read 1466 times)