Topic: Should I trade coin at the beginning ? - page 3. (Read 317 times)

Anyone in day trading can suggest some learning resources specific for crypto market?

At first you should research crypto and blockchain technology to know how it work. Then you could research top coins from https://coinmarketcap.com/ to get an idea on what's which projects could bring profit in the future. And after that you would search for promising ICO and their coins to invest into.

From my experience after the coins are distributed to our own wallet. Surely we expect the price of coins the same or not far with the price of ICO.
But sometimes after the market is open the next 1 day the price has fallen far from the price of ICO. So, my advice if you need money jaullah your coins when the first market open. but if the tokens are good and you do not need money then, hold that token and sell when the token project platform is officially released. definitely token price will be high.

If you want realy profit this is the plan:
1) invest in ICO's & get your profit x2
2) bounty campaigns
3) trading&arbitrage
4) cruptocurrency(telegrambot,localbitcoins...)
5) mining(altcoins)
Good luck! 

if you have been trading before, for example trading stocks, then you can start your cryptocurrency journey by starting to trade them carefully but if you are new to both cryptocurrencies and trading then you should absolutely stay away from trading because you will just lose money.

if you are new and interested in trading then start by first learning more about trading and how it works. then start watching the crypto market for a while before jumping in, try to see and understand the unpredictability of it. and eventually start small and work your way up.

If you're in profit you cant really go wrong.. the easiest thing to do however is focus on your entry more than your exit..all I hear anyone talk about is when to sell.. worry more about "when to buy"... buying when something is heavily retraced has a much higher chance of getting to great returns over something going into unexplored highs..hence bitcoin is much likelier to make it from 6k to 12k than it is from 12k to 24k.. and certainly much more likely than 20-40k or 40-80k... anyways you get my point... the better the buy in price, the lower the risk.. and going into profit quicker means position trading becomes alot easier...

Lets say for example you buy TRX (Tron) at 400 sats.. if it goes to 600 sats and you feel like that is the top then you can sell most of it.. if the market continues going up and leaves you.. who cares? You can then sell your other stack.. if it goes back to 400.. even better.. now buy 50% more with the stack you just sold.

You really can't lose being emotionally unattached to coins and selling them in profit.. if you worry about the coin going to the moon later, then keep your profits you made from the trade as free coins and just break even back to BTC if thats a strategy you would like to follow.

I never think its too late or too early to start trading.. as long as your disciplined and don't fomo into your buy position.. and are in profit in your sell position...theres almost nothing in trading thats important besides common sense.. TA may min/max your entry exits a bit better.. but most of trading is really being less emotional and less greedy or less scared than the traders standing around you.

Better learn first. These days there are simulators online where you can "trade" without real credits involved.

Why are you asking us? This is a decision that you yourself should make. It's pretty much almost like asking us if you should get a job or what kind of pizza should you have for dinner.

I think you will hear from many on here that newb's should just slowly accumulate the top cryptos by marketcap. They are essentially the safest with less risk.

If you have never traded in the conventional stock market before, crypto's is not a good place to learn as you can get wiped out really fast due to the extreme volatile nature of these assets.

I'm new to the Cryptocurrency.
Should I trade coin ?