Short term traders should read this | Bitcointalksearch.org

gabmen

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Quote from: Tungsten-1 on May 22, 2018, 02:47:42 PM

Quote from: Semaj123 on May 21, 2018, 08:59:32 AM

Quote from: ronafurw on May 21, 2018, 05:33:47 AM

Quote from: bocyaj on May 17, 2018, 08:25:25 AM

Some good Advice for short term trader.It is easy to get 5-10% Profit in btc trading, because the fluctuation between 100- 500$ every day.
If you are greedy,you will lose some coins.When you find some crash in a market, use that valuable time to get huge bitcoin with less dollars.

Traders doing with short term is not so profitable and if look into situations and caste better opportunities with making the trading a little bit for long term will result in profit. On the other hand an experience less person will get nothing or a very less product and sometimes faces loss. In order to avoid such errors trading with a good quality coin and the right decisions will make you safe.

Definitely, by the term itself short means only enough profit we can actually get from what we invested. Well, what is good in short term is that its so much challenging because we face different problems like sudden movement of the crypto. The perfect idea is to really have a better plan in every action that we make to avoid big errors.

Definitely, short term traders will get very less profit and sometimes will result in loss if the selling process made without monitoring the market while the market value is low. Short term trading is not so important if you are involving and have involved in trading then you must follow the guiding principles and to go for a little long term in order to give time to the market to recover its value and make you able to get profit.

Well most on the list should already be common sense for daytraders though i doubt that everyone of them would be following it by heart. It can get quite difficult especially in this state of the market to go day trading and chances of losses are.probably higher than chances of profit. And for me i don't think a 5-10% profit would be well worth the risk

Tungsten-1

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Quote from: Semaj123 on May 21, 2018, 08:59:32 AM

Quote from: ronafurw on May 21, 2018, 05:33:47 AM

Quote from: bocyaj on May 17, 2018, 08:25:25 AM

Some good Advice for short term trader.It is easy to get 5-10% Profit in btc trading, because the fluctuation between 100- 500$ every day.
If you are greedy,you will lose some coins.When you find some crash in a market, use that valuable time to get huge bitcoin with less dollars.

Traders doing with short term is not so profitable and if look into situations and caste better opportunities with making the trading a little bit for long term will result in profit. On the other hand an experience less person will get nothing or a very less product and sometimes faces loss. In order to avoid such errors trading with a good quality coin and the right decisions will make you safe.

Definitely, by the term itself short means only enough profit we can actually get from what we invested. Well, what is good in short term is that its so much challenging because we face different problems like sudden movement of the crypto. The perfect idea is to really have a better plan in every action that we make to avoid big errors.

Definitely, short term traders will get very less profit and sometimes will result in loss if the selling process made without monitoring the market while the market value is low. Short term trading is not so important if you are involving and have involved in trading then you must follow the guiding principles and to go for a little long term in order to give time to the market to recover its value and make you able to get profit.

jhonjhon

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Quote from: ahmedbrown on May 15, 2018, 05:52:05 PM

This is an advise cryptocurrencies traders especially short term traders. Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

I feel you have been in crypto investment for a long time cause such ideas couldn't be created by a newly one. Anyways, such tips are very useful and it could help people from keeping them away from losing to much.
That's right, we don't need to be greedy and we must have to learn knowing a word "Enough". I'm also a short term trader and I am just having only 3 coins to check everyday and having profit in week or a in month.

eann014

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Quote from: ahmedbrown on May 15, 2018, 05:52:05 PM

This is an advise cryptocurrencies traders especially short term traders. Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

I agree, it is very risky now but some traders really want to do it in a short term because they know that they can be profited in a short term because once the market goes up then they will immediately sell it especially if they put huge money in it. Most traders should still be careful from trading because as what you've said it is volatile so it is very risky now.

Semaj123

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Quote from: ronafurw on May 21, 2018, 05:33:47 AM

Quote from: bocyaj on May 17, 2018, 08:25:25 AM

Some good Advice for short term trader.It is easy to get 5-10% Profit in btc trading, because the fluctuation between 100- 500$ every day.
If you are greedy,you will lose some coins.When you find some crash in a market, use that valuable time to get huge bitcoin with less dollars.

Traders doing with short term is not so profitable and if look into situations and caste better opportunities with making the trading a little bit for long term will result in profit. On the other hand an experience less person will get nothing or a very less product and sometimes faces loss. In order to avoid such errors trading with a good quality coin and the right decisions will make you safe.

Definitely, by the term itself short means only enough profit we can actually get from what we invested. Well, what is good in short term is that its so much challenging because we face different problems like sudden movement of the crypto. The perfect idea is to really have a better plan in every action that we make to avoid big errors.

ronafurw

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Quote from: bocyaj on May 17, 2018, 08:25:25 AM

Some good Advice for short term trader.It is easy to get 5-10% Profit in btc trading, because the fluctuation between 100- 500$ every day.
If you are greedy,you will lose some coins.When you find some crash in a market, use that valuable time to get huge bitcoin with less dollars.

Traders doing with short term is not so profitable and if look into situations and caste better opportunities with making the trading a little bit for long term will result in profit. On the other hand an experience less person will get nothing or a very less product and sometimes faces loss. In order to avoid such errors trading with a good quality coin and the right decisions will make you safe.

senopratama

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a good strategy is to be applied. many people start investing altcoin but without having the basic strategy and finally only be a burden for him. D points should be emphasized strongly because I think it's important. provide capital to a variety of altcoin is a good step to be able to anticipate good if there is a value that goes up or downgrades.

Rahar02

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Quote from: BitHodler on May 16, 2018, 07:53:56 AM

It's actually just common sense.

Indeed, thought will get different and various information regarding short-term trade, but all of it is the same information that you can read in this forum repeatedly. However, it may inspire newbies to be careful about their trade decision.

Quote from: BitHodler on May 16, 2018, 07:53:56 AM

I however don't like diversifying crypto assets since that only works against you in case things doesn't go to plan. People quite often think it's a must, but I don't see it like that and never done so.

You have to deal with all variables applying to different coins, because different coins mean different markets and different background developments. Altcoins aren't fundamentally stable or well developed, so it's a risk.

Just having Bitcoin means less stress, less potentially negative variables, less severe corrections (they go up hard but also come down hard), and so forth. Chasing high returns has never been an option for me.

Since you are BitHodler and seems like to hold bitcoin, a good decision for everyone who considers bitcoin is the only one, like you said, less stress to think about the loss Cheesy

instead of hold some coins but all of them crash due to bitcoin price fall down.
But, for people who aim altcoins due to the profits through volatility. For example, ethereum, bitcoin cash and ripple are some altcoins which generated profits for me, just buy in the dip and sell at the peak, but of course bitcoin is the most valuable coin in my wallet.

mkmdoc

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Quote from: ahmedbrown on May 15, 2018, 05:52:05 PM

This is an advise cryptocurrencies traders especially short term traders. Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

Good advice, because many people won't wait patiently to get their returns on the investment they made but we have to be very careful when dealing with the short term investment. Otherwise, we need to face some problem with your investment.

Phenoca

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Quote from: ahmedbrown on May 15, 2018, 05:52:05 PM

(B) Dont be Greedy

This. I would also add the following: Don't Panic.
If you make yourself a flow chart detailing all your contingency plans, then you will be able to act rationally even under the most intense pressures.

el kaka22

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Quote from: Arwinkim on May 16, 2018, 01:18:59 AM

This is a really good strategy because it sounds very conservative. The only problem here, newbie like me usually don't know what coins to buy. Should I buy coin only at top 25 in coinmarketcap or something else?

Yeah, it is indeed a very good strategy and an advice as well. So far, I have seen the rate at which altcoins are really having some pretty good fluctuations in the market and the uncertainty keeps growing even the more. I can see a lot of the altcoins bouncing though once the bitcoin market itself is showing some green light, but at this stage, it is quite difficult to trade without using the stop loss and trying to take the little you have been able to get.

aardvark15

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Quote from: ahmedbrown on May 15, 2018, 05:52:05 PM

This is an advise cryptocurrencies traders especially short term traders. Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

I agree with point (A) and doing this has been very beneficial in the past for me. Many times I think I see a good buying opportunity and make a buy but then the price of that coin continues to drop. I learned to buy with only 25% (or less) of my bankroll. Then if the price drops lower, you’ll have at least 3 more opportunities to buy. This is leverage.

trako

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correct advice. not to be greedy. we have to retreat immediately when the targeted figure reaches. it is important not to use the entire investment in a single area.

wildflower18

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Quote from: oseikuf44 on May 19, 2018, 02:28:33 AM

Good guide, but add this ,as a short term trader you must know your entry and exit point and it must be base on the daily low and high price. Setting your exit trade far from the daily high price means you are setting yourself for holding but not trading.

Having the strategy above is really helpful to all users on how we can manage short term trades. The point that I like is being not greedy take profit a chances to earned at any circumstances. Also, not to invest in a single coin split into different coins for a good profitable portfolio.

oseikuf44

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Good guide, but add this ,as a short term trader you must know your entry and exit point and it must be base on the daily low and high price. Setting your exit trade far from the daily high price means you are setting yourself for holding but not trading.

ayiaye

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Quote from: ahmedbrown on May 15, 2018, 05:52:05 PM

This is an advise cryptocurrencies traders especially short term traders. Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

this is a great strategy for short-term trading, and thank you for sharing your knowledge. although I am not a trader, but have a desire to become a trader. this is very useful especially for beginners, because to be a trader, we must have the basics, in order to get the benefits as expected. plan and separate your money, it's also a good thing, to avoid big losses.

Vannie12

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Good advice. Though I think most trader are already aware about some of your point, I always think emotions ruin the whole picture. I think setting up a goal or limitations in trading is a good way to lessen their own risk in trading specially in short term trading. The fact that bitcoin is more getting dips (long span) than upward movement (not staying in high prices), it is quite hard to predict when to sell and when to buy exactly. With proper planning, surely losses will be prevented as long as you stick to it.
Good luck to you as a trader and keep up the good work in sharing valuable ideas.

Denker

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Quote from: BillCoin on May 18, 2018, 08:04:43 AM

So it's not advices about earning money from cryptocurrency investing, it is advice how to control your feelings and how to do risk managment.
I think that if someone sees that his feelings take control of his mind during investments then he should be stop with trading as it's the most dangerous thing that could be happened to him.
Trading should be done based on analyse only, involving 0 feelings.

That's what profitable trading is mostly about. Proper risk management and keeping emotions and feelings out. No reaction to FUD or FOMO.
Furthermore the ultimate rule to follow always is: First, protect your money. Keep losses as low as possible.
Next rule: Any profit is a good profit, no matter what the size.
That's it.

Ridwan Fauzi

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Quote from: BitHodler on May 16, 2018, 07:53:56 AM

It's actually just common sense.

I however don't like diversifying crypto assets since that only works against you in case things doesn't go to plan. People quite often think it's a must, but I don't see it like that and never done so.

You have to deal with all variables applying to different coins, because different coins means different markets and different background developments. Altcoins aren't fundamentally stable or well developed, so it's a risk.

Just having Bitcoin means less stress, less potentially negative variables, less severe corrections (they go up hard but also come down hard), and so forth. Chasing high returns has never been an option for me.

Yes, I really agree with you, diversify will only create stress because it has a very different market. But if you just focus on one bitcoin or altcoin it will promise, we are not too focused to see some markets if you have traded in some places. Trading in bitcoin as such will be very promising if it has to know the market conditions. It would be a good thing if trading in bitcoin and its profits are invested in some altcoins for the long term.

Tigorss

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Quote from: ahmedbrown on May 15, 2018, 05:52:05 PM

This is an advise cryptocurrencies traders especially short term traders. Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

thank you for the info from you but I have a question for you what if the current prices continue to decline and no news yet to ride whether it is fitting to buy what if my capital is less?

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