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Topic: This will help to improve your trading - page 3. (Read 21961 times)

hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
September 17, 2019, 12:37:45 AM
Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

Analyzing the coin will be the main thing that you need to do before you buy any coin. That will determine how you can make a profit from the coin so you can buy a low price. I believe that with your skills, you will find the right coin to buy and you will easily to find a spot of the price and then place your order buy. Recover our lose will necessary, especially if the market shows the good sign to increase so we can search for the target coin to buy. But remember that the market can move to any price and at any time, so you need to be careful to decide.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
September 17, 2019, 12:20:46 AM
Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

It's a basic requirement that we study, if we study and we have equip ourselves with the necessary knowledge, we will be less emotional.
Everyday is a learning process especially if we try to go the journey of a day trader and based on my experience, I can say that less emotion involve will result to less mistake in trading.

We need to be mentally tough to follow our strategy, otherwise, we will easily lose due to panic that will cause a bad decision making.
Like I said, we learn from our mistakes, if we can't then it's safe to say that we have no room for improvement in trading.
full member
Activity: 1134
Merit: 103
September 17, 2019, 12:04:31 AM
Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.
legendary
Activity: 1890
Merit: 1003
September 16, 2019, 06:33:01 PM
Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you
The idea is to protect the balance than making risky decisions with unnecessary trades. The market can swallow the margin balance  if the trader doesn't have proper risk management which shouldn't exceed the 2% of the balance in case of the market goes against the open trading position. If the trader look for new trading opportunities with the revenge feeling, thinking twice can save the account before it becomes too late.

The emotional trading is not advisable by the expert traders who have seen the many ups and downs in the financial markets. Unnecessary trades become enslavement to the market and the alarming numbers will destroy the account's statement.
sr. member
Activity: 882
Merit: 251
September 16, 2019, 01:17:35 PM
Thank you. All of these tips are good and effective.

Three golden rules for working on the cryptocurrencies market will be also helpful:
- There is no need to trust anyone and when choosing a token for investment, you should always conduct your own market analysis;
- Do not chase the greatest profits; simply conduct transactions with a small profit, but with a minimum of risks.
- Do not invest in cryptocurrencies more than 2% of your own funds.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
September 13, 2019, 02:58:34 PM
Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you
member
Activity: 243
Merit: 10
September 13, 2019, 09:57:59 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

Thanks OP, will be taking your advice. Your points of advice I would say are coming from many years of trading experience. May I ask how many years have you spent trading and how often do you trade, say, in a week/hours in a day?

I didn't really get your idea on the first point but on the second, I really see the importance and will be learning more about personal financial management. I will be reading and studying the wisdom behind the book "Rich Dad, Poor Dad" soon before this year ends.

Point (3) well taken coz I did experience being swayed by hype by focusing on price/trade discussions by people who I really don't know yet.
His advice is really reasonable and suitable for most people who are involved in trading, but similar to you, I don't understand too clearly the first thing he mentioned, maybe he is referring to not checking prices too often, the image of value can affect psychology. But for the next advice, it's so obvious to everyone, failure always begins with people not cutting losses or setting a profit, and behind the wrong actions, these are the times when people don't believe in themselves, they trust the analysis of others.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
September 12, 2019, 06:31:57 PM
The only thing that could help us improve is our own mindset, which has to be very much positive. I do that only and along with that having eyes on Crypto News is just ideal formula to crack up making money. If we are able to manage these things right in our favour. It will only add up with boosting us and getting the desired and required results. If we miss out on this part it will just push us into situation where we will do things right yet they will turn wrong due to sudden news developments.
Having a positive mindset when you start trading is very helpful because it will make you more motivated to make profits than seeing you lose again. And never trade while the market is very unstable because you will find it very hard and risky to make profits especially if you're still a beginner. Start trading when you see the market is already not volatile.
sr. member
Activity: 566
Merit: 250
CurioInvest [IEO Live]
September 12, 2019, 06:13:02 PM
#99
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

Thanks OP, will be taking your advice. Your points of advice I would say are coming from many years of trading experience. May I ask how many years have you spent trading and how often do you trade, say, in a week/hours in a day?

I didn't really get your idea on the first point but on the second, I really see the importance and will be learning more about personal financial management. I will be reading and studying the wisdom behind the book "Rich Dad, Poor Dad" soon before this year ends.

Point (3) well taken coz I did experience being swayed by hype by focusing on price/trade discussions by people who I really don't know yet.
hero member
Activity: 2968
Merit: 687
September 12, 2019, 02:01:24 PM
#98
It's a universal fact that,
People learn from their own mistakes.
But if we really need to correct ourselves then we definitely need to learn from other's mistakes.
The OP's motive is also the same.
Thanks for sharing your failures and strategies.
This will surely help the newbies.
Good luck to us.
You are right it isn't really that bad to look up with others mistakes too because you can apply all of these things together with your self learn that you had learn along the way.
This is why reading and understanding on how things goes will be beneficial for you in the long run.Lots of tools and experience can be read up and this would just matter on an individual on how he do utilize these learnings and do apply it on his own where in result to improve out his own trading style or system.Most of them will just quit after some initial
failure faced up and didn't turn their back because they have lost money.If we do pursue to be profitable with trading then accept those mistakes as a stepping stones to success.
jr. member
Activity: 391
Merit: 1
September 12, 2019, 08:31:04 AM
#97
The only thing that could help us improve is our own mindset, which has to be very much positive. I do that only and along with that having eyes on Crypto News is just ideal formula to crack up making money. If we are able to manage these things right in our favour. It will only add up with boosting us and getting the desired and required results. If we miss out on this part it will just push us into situation where we will do things right yet they will turn wrong due to sudden news developments.
newbie
Activity: 25
Merit: 3
September 11, 2019, 12:15:45 PM
#96
Litecoin Massive Breakout Soon or Rejection? The Chart Nobody is Watching https://www.youtube.com/watch?v=Aiw1GDl2UkE&t
sr. member
Activity: 1204
Merit: 272
1xbit.com
September 11, 2019, 11:10:29 AM
#95
It's a universal fact that,
People learn from their own mistakes.
But if we really need to correct ourselves then we definitely need to learn from other's mistakes.
The OP's motive is also the same.
Thanks for sharing your failures and strategies.
This will surely help the newbies.
Good luck to us.
sr. member
Activity: 2618
Merit: 439
September 11, 2019, 10:09:25 AM
#94
It’s always nicer see that someone are concerns on what will others might have advantage.sharing our experiences specially losses will prevent others to have the same situation

I think that many factors depend on the exchanger on which you work. It seems to me that large exchangers are not suitable for a start, it is much better to choose a small one, such as Whitebit
Yeah I agreed on that,starters should use smaller or newer exchange for them to be prioritized and may adopt the environment.they will grow sooner to use bigger exchangers
newbie
Activity: 83
Merit: 0
September 11, 2019, 08:08:34 AM
#93
I think that many factors depend on the exchanger on which you work. It seems to me that large exchangers are not suitable for a start, it is much better to choose a small one, such as Whitebit
jr. member
Activity: 88
Merit: 1
September 11, 2019, 01:46:25 AM
#92
Thanks for this informative piece, how i wish i saw this before my early days of trading in crypto. I made so many silly mistake on funds management which affected me so well. It also affected mu confidence level and i had to just forget about trading.  I hope many newbie will see this so they can make inform decisions before venturing fully into crypto trading
full member
Activity: 352
Merit: 100
September 11, 2019, 12:49:33 AM
#91
I m agree with you. .we need to check what happens in the market and don't make a rush decision especially if there are faster movements from the order before buying smth.

Remember about market volatility all the time - this is the best tip, but all forget about it. The cryptocurrency market is extremely unstable and there is always the possibility of losing all your investments. Therefore, trade only with the amount of money that you are willing to lose. This is a general rule and should always be followed. Also, never try to recover your losses by investing even larger amounts.
sr. member
Activity: 777
Merit: 251
September 10, 2019, 08:07:59 AM
#90
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)

You are giving advise based on your experienced right? I don't see any wrong with all the tips which was you gave here.
I don't if all traders had the same encounter like yours dude, because if we fail in trading it means our way was wrong in which
we need to learn from it. And as a trader patience shouldn't be gone to our attitude.
full member
Activity: 966
Merit: 104
September 08, 2019, 07:16:51 AM
#89
I think that advising something for traders who already have a certain trading experience is very difficult, because to one degree or another the person is already a professional.  In any case, it is the beginner who should be advised to be more attentive and less emotional, since in most cases it is the beginners who come to the market with a minimum of assets, or do not have start-up capital at all, especially since there is no knowledge of trading at all.  With the slightest changes in the cryptocurrency market, for such people the situation causes a storm of emotions, which provokes them to inappropriate actions.  Therefore, you need to adhere to the basic rules so as not to be in the red.
Buy cheaper, sell more expensive.
Do not trade for the last money.
Forget about scalping if foreign exchange assets are small .
Do not use the entire deposit amount immediately .
And most importantly, never believe what they write in a chat on the exchange.
newbie
Activity: 16
Merit: 0
August 06, 2019, 02:40:55 PM
#88
These are tips that are already well known because many have put them into practice and have lost money anyway, the truth is that there is no strategy that can assure you profits, it all depends on your own effort and analysis. He mentions many things well and his analysis is surprising because he has no very advanced or medium knowledge in trading.
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