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Topic: This will help to improve your trading (Read 21965 times)

hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
August 27, 2021, 05:46:41 PM
Indeed, a personal consultant is a huge help, but the most important thing here is to come up with a competent and balanced approach to the choice.
If you can avail to have that person beside you as you improve your trading ability, that's so much better. But in these times, you barely find that someone who's going to focus on your trading habits and help you improve your way. As usual, there's a cost by finding one to stay on your side until you think that you're good at it already. That's why you need to practice and it's only you that can make yourself better, get some free tips through searching, and then apply what you've read when you trade.
hero member
Activity: 2954
Merit: 796
August 27, 2021, 09:27:34 AM
The risk is definitely there and can happen at any time. To eliminate it is not even possible, what can be done is to reduce the risk so that our trading is safer. Steps that can be taken are planning and implementing a strategy. Although many traders still fail with the strategies they do, at least there is anticipation so that the strategy is important. Especially for beginners who are often confused and indecisive when facing the market, strategy is the answer and solution to their confusion. So prepare a mature strategy that is suitable for you and adjust it to the market conditions.

Saying it objectively is very easy but doing it is very hard like setting strategy and whatsoever. Having a strategy is crucial and there's no newbie that can develop a working strategy at few trades. Remember that trading means you are competing other to win. You are winning because other trader is losing. In reality, Trading is a battle of strategy of each traders so if you are doing the common strategy, You have a high chance of success because you have a lot of competitors that taking profit ahead of you.
member
Activity: 728
Merit: 12
August 27, 2021, 09:16:22 AM
The risk is definitely there and can happen at any time. To eliminate it is not even possible, what can be done is to reduce the risk so that our trading is safer. Steps that can be taken are planning and implementing a strategy. Although many traders still fail with the strategies they do, at least there is anticipation so that the strategy is important. Especially for beginners who are often confused and indecisive when facing the market, strategy is the answer and solution to their confusion. So prepare a mature strategy that is suitable for you and adjust it to the market conditions.
member
Activity: 140
Merit: 12
August 27, 2021, 06:11:17 AM
I think every trader should set a target to win a day like his own ability and his investment, i'm talking about day traders, but here we can consider the long term holders too, So everyone should set a target even if they made a loss , that loss will be not that much because they will lose a small amount which can't hurt them. But risk management should be kept in mind.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
August 23, 2021, 02:45:09 PM
Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.
Personal advisers who really concern about your growth and not just after your money is very helpful to enhance your understanding about this market. For experience traders who are willing to share their views without any hidden interest you'll be able to catch good things and numbers
of combinations that will increase your chance to improve your knowledge and make a better outcome from this business.
If you have the budget to pay the professionals to teach you, then why not take that opportunity. As for me, I don't really do that since I don't have a lot of budgets and I know I would still learn by just self-educating myself, and I'm pretty sure our good traders here just educate themselves and it's not hard as we can access the necessary information needed to learn how to trade if we are resourceful enough.
newbie
Activity: 5
Merit: 0
August 23, 2021, 01:20:06 AM
Indeed, a personal consultant is a huge help, but the most important thing here is to come up with a competent and balanced approach to the choice.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
October 06, 2019, 09:35:20 PM
Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.
Personal advisers who really concern about your growth and not just after your money is very helpful to enhance your understanding about this market. For experience traders who are willing to share their views without any hidden interest you'll be able to catch good things and numbers
of combinations that will increase your chance to improve your knowledge and make a better outcome from this business.
sr. member
Activity: 1071
Merit: 253
October 06, 2019, 08:41:54 PM
Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.
Trading is some good profession and it really gets a whole new meaning when the market to do trading in is the volatile market of digital currencies. As you said, everyone is a beginner at some time and every one sees failures of his share. A man learns from his mistakes. Also, if someone wants to earn more, he is expected to work more too. Seeking advice from experts and doing own research can be helpful.
full member
Activity: 651
Merit: 103
October 06, 2019, 06:24:04 PM
always follow your trading plan! At first it is hard to follow my trading plan because of my lack of discipline. We can manage our portfolio better if we have trading plan. We should also control our emotions when we are trading in order to not make a bad decision.
legendary
Activity: 2212
Merit: 1008
October 06, 2019, 06:24:26 AM
Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.

Trading without too many emotions is the best policy. Before starting to open a transaction, experienced traders always make a preliminary calculation, clearly identifying for themselves the levels at which the market entry point, transaction volume will be determined, as well as a stop loss and take profit orders.

This allows not only to see how expedient the deal is, but also to guarantee yourself peace of mind.
member
Activity: 512
Merit: 11
October 04, 2019, 11:15:05 AM
Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.
member
Activity: 434
Merit: 25
October 04, 2019, 11:02:17 AM
hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Trading is a craft which requires a lot of patience, hard work and expertise. As a trader who is still working on improving my trading skills, I am very open to positive criticism and tips from other traders who are more experienced than me.Market research is also a must in this space, I need to keep abreast with what is going on in the market as well as find trading platforms which are more suitable. I also make a point to look for nay tips top reduce the risks before engaging in any trade.

Thank-you for your tips!
hero member
Activity: 2716
Merit: 698
Dimon69
October 03, 2019, 08:53:44 PM
The most important thing that I realized is that the first thing you should not forget is profit taking. No need to be greedy, this is the road to nowhere.
Always take profits. Even if locally you make a mistake fixing yourself ahead of time, globally this will give you a huge influx of funds.


I realize this too when the next pump or bull run is nowhere to be seen as of this time. Getting some profit to secure real life financial spending and to secure some amount better. But we all makes mistakes, became greedy and regrets it but we must move on and strive harder to gain even the market is not in favor of us yet.
jr. member
Activity: 193
Merit: 7
October 03, 2019, 11:07:54 AM
hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Nicely put! everybody learns on their own mistakes. Especially for beginners its important that they understand there'll be ups&down. But its important to start trading or investing when you acquire some knowledge. There aren't many educational sites out there really. I heard of the new project Newscrypto.io which I'm using now and its in process to provide real knowledge and information about crypto ..
sr. member
Activity: 1666
Merit: 426
October 03, 2019, 09:27:36 AM
hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)
Thank you for sharing your experiences in trading. Right now I will share some tips and experience on the trading industry here in cryptocurrency. First of all before you start on the trading world or industry or before you start to trade, better if you will go find and ask for some person who are really know what trading is and what the trading platform is doing for, and to those who are failing in trading don't worry, remember every rich person takes the path where it is risky and full of problems to be solved.
Indeed. Don't ever afraid to make a mistake simply because this is where we learn. Mistakes are more likely a fundamentals of trading, actually the more mistake you make the more experience you will gain however, if you made a same mistake and never learn then I'd say there's a problem upon you. Don't enter in the industry without having any knowledge because this will be a problem. Another tips, always control your emotions while trade, risk only the money you can afford to lose and have a trading plan.
full member
Activity: 1008
Merit: 101
October 03, 2019, 07:03:28 AM
even if new traders read this tips 100 times they will commit mistakes only experience will teach what this tips really mean , experience is the best teacher and it will teach us everything , only thing new traders should remember is not to repeat those mistakes again and again

At least, they can get a new experience from the tips. No matter if they cannot make a profit, if they still trying, I am sure in the future, they can make a profit and some time, their profit will bigger than us. I agree that experience is the best teacher because with the experience, we can handle every problem that might happen and we can solve the problem.

I think with we making a mistake, that will help to improve our trading skills and who knows, we will be better to trade by that mistake. Usually, if we make a mistake, we can analyze what is wrong with our trade, so if we can find the mistake, I think we can get time to solve the problem, and that will help us in trading.

We must improve our trading skill from time to time because that is what we should do in trading and if we want to make a bigger profit, we need to keep learning from many sources.
  Right our experience is our teacher which has the ability to make us good trader other wise all traders are the same they will make mistakes and they will have to face the risk. It’s not only about listening or reading those tips from other traders until you try them and show how much will power you have to learn best tip given by you is not to walk on wrong way again and again, learn from your mistake and keep trading never give up, avoid panic.

If we can learn from the experience, I am sure that we can improve the skills that will help us in the future. With the improvement of the skills, it's really mean for us to reach the goals to make a profit. We can learn from the other trader's tips, and I am sure that will give us a big chance to increase the profit amount.

I realize that improving our skills in trading is not easy because it needs to have the patience to learn from them. Usually, we need time to understand the point of the lesson so we can try to practice what we've got.
Exactly trading is not an easy thing that you can make profit without doing anything, better just write down all your gain and failure and notice your mistakes so it will help you allot to gamble next time profitably. Traders should never say that he has become an expert because even expert traders are knowledge seekers.
hero member
Activity: 2716
Merit: 552
October 02, 2019, 11:31:36 AM
No matter how many times a beginner reads about how to effectively trade if they havent experienced it yet they would always end up lossing some money.
This list probably was done by any traders or was totally aware about these guidelines, yet theres no better solutions to improve trading than your personal experiences.
sr. member
Activity: 714
Merit: 250
October 02, 2019, 10:59:10 AM
hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)
I agree with this and I think this would be very helpful especially for beginners. But of all things, I think deeply knowing to trade and what you're about to trade is the most important. You need to understand how things work, what to do and what not to do so you can avoid any misconceptions and also make sure that you only give what you can afford to lose. Stay cautious so people and scammers won't be able to outsmart you. And lastly, listen to professionals and learn from their mistakes
hero member
Activity: 1596
Merit: 502
October 01, 2019, 08:49:05 PM
even if new traders read this tips 100 times they will commit mistakes only experience will teach what this tips really mean , experience is the best teacher and it will teach us everything , only thing new traders should remember is not to repeat those mistakes again and again

At least, they can get a new experience from the tips. No matter if they cannot make a profit, if they still trying, I am sure in the future, they can make a profit and some time, their profit will bigger than us. I agree that experience is the best teacher because with the experience, we can handle every problem that might happen and we can solve the problem.

I think with we making a mistake, that will help to improve our trading skills and who knows, we will be better to trade by that mistake. Usually, if we make a mistake, we can analyze what is wrong with our trade, so if we can find the mistake, I think we can get time to solve the problem, and that will help us in trading.

We must improve our trading skill from time to time because that is what we should do in trading and if we want to make a bigger profit, we need to keep learning from many sources.
  Right our experience is our teacher which has the ability to make us good trader other wise all traders are the same they will make mistakes and they will have to face the risk. It’s not only about listening or reading those tips from other traders until you try them and show how much will power you have to learn best tip given by you is not to walk on wrong way again and again, learn from your mistake and keep trading never give up, avoid panic.

If we can learn from the experience, I am sure that we can improve the skills that will help us in the future. With the improvement of the skills, it's really mean for us to reach the goals to make a profit. We can learn from the other trader's tips, and I am sure that will give us a big chance to increase the profit amount.

I realize that improving our skills in trading is not easy because it needs to have the patience to learn from them. Usually, we need time to understand the point of the lesson so we can try to practice what we've got.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
October 01, 2019, 08:29:49 PM
-snip-
This is will just a theory because trader will have many reasons for not paying attention to this, and often because focus too much on profits and losses.

When get profits only think of ways to continue to add profit and so when lose only think of ways to cover losses.

Making trading records and evaluating important and also take a break to refresh mind.
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