Tips for good trading - page 4. | Bitcointalksearch.org

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Quote from: monineklutak on May 24, 2022, 05:38:06 PM

Quote from: chichigirl on May 23, 2022, 06:07:13 PM

Quote from: Alucard1 on May 17, 2020, 02:13:26 AM

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

Thanks for the information. Trading is really a challenging one. Trading is profitable but you need to learn how it is done and need to check the coin from time to time. Mistakes in trading will help you understand more about it because you will become more careful everytime you make some trade.

That's how trading is and the more experience it will certainly make us better,
what makes trading challenging I think it's because we need more effort especially trading is very complex,
both knowledge, skill and self control we need to learn and it is important for trading

experience and the desire to always improve ourselves are the keys to success in trading, sometimes we make repeated mistakes even though we know what we are doing is wrong. therefore for every transaction we correct so that there is an increase in the quality of our trading. and what needs to be emphasized is the greedy nature that always permeates every human being, therefore we must be able to control it

monineklutak

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Quote from: chichigirl on May 23, 2022, 06:07:13 PM

Quote from: Alucard1 on May 17, 2020, 02:13:26 AM

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

Thanks for the information. Trading is really a challenging one. Trading is profitable but you need to learn how it is done and need to check the coin from time to time. Mistakes in trading will help you understand more about it because you will become more careful everytime you make some trade.

That's how trading is and the more experience it will certainly make us better,
what makes trading challenging I think it's because we need more effort especially trading is very complex,
both knowledge, skill and self control we need to learn and it is important for trading

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Quote from: chichigirl on May 23, 2022, 06:07:13 PM

Quote from: Alucard1 on May 17, 2020, 02:13:26 AM

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

Thanks for the information. Trading is really a challenging one. Trading is profitable but you need to learn how it is done and need to check the coin from time to time. Mistakes in trading will help you understand more about it because you will become more careful everytime you make some trade.

Many tend to either stop or give a long break when they loose. It would be hard to accept but yes this is part of the journey. Even experts who are here trading for years, might loose as market fluctuates and often the prediction might not yield a good result. Just take such incidents as an experience and move on. Often, being patient enough, will yield a good result. Long term trading would support the beginners more than short term trading or day trading. Choose the best coins, invest and watch the market move patiently and place your orders.

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Quote from: Alucard1 on May 17, 2020, 02:13:26 AM

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

Thanks for the information. Trading is really a challenging one. Trading is profitable but you need to learn how it is done and need to check the coin from time to time. Mistakes in trading will help you understand more about it because you will become more careful everytime you make some trade.

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Quote from: Prosector on May 04, 2022, 11:26:52 PM

Learning from your mistakes is one of the best tips that a trader can implement in his life. How will you grow if you keep on repeating the same mistakes? To avoid that, you have to know where you are failing. So never stop learning

Firstly a trader is expected to devise a trading strategy from the internet modify it if necessary and practice trading thorough demo or stimulation, learn the mistakes from losses make amendment as possible to prevent future mistakes until profits taken is more than losses of course losses are inevitable, however money management will take care of such losses.
Finally it's a good idea to start live trading with small amount of funds to test the effect of emotions and fear of real live trading once those challenges are overcome profits is guaranteed consistently.

99Percent

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menurut saya setiap orang itu memiliki gaya terdendiri untuk melakukan TREDING , Karena intuk saat ini sangat berbahaya sekali untuk membeli bitcoin,
I think that everyone has their own style to trade, because at this time it is very dangerous to buy bitcoins,

sensimilia

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Quote from: Ryker1 on April 03, 2022, 06:27:16 PM

Quote from: shawon01 on April 03, 2022, 06:19:13 PM

Quote from: Sebas.tian on March 04, 2022, 08:34:12 AM

-snip-
Don't be greedy to take your own benefits from the market because the price of some coins has just moved higher for traders to smile again in the community. This opportunity will not last more than two months before those coins price will drop to lower level. Long term and short term investment will join this moving train to earn well from the market before the price will fall back to lower level in the exchange market.

If you want to tag, the first thing you need to keep in mind is that you have to test your patience and there is no temptation to be greedy here. The key is to sell the high value coins and buy the low priced coins. All in all, the long term investment should be a good one and it should be determined that some research should be done in your favor.

Well, if you are not good at technical analysis, you can do trading in a basic one. Buy low and sell high --this is the simple one but it needs to have patience so that you can achieve your goal. Those tips from the OP are good to take note of, we should always consider that advice to take advantage of the market and of course with self-discipline. However, I know this is not easy to apply to ourselves.

If you want to sell at a very high price, it seems as easy as imagining to sell a little less here, but here it is more difficult than here. In order to do that we must have patience and the emotions that are not out there and what are the reasons for being out of the area here and we have to comply with these issues.

99Percent

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maybe everyone has their own way and tips for Trading Crypto, there are many people who will see a good meme to enter the market to buy BITCOIN, it is very easy to try when the market is DOWN and it is a good opportunity, but there are also people who use Analysis or charts and read news or follow trading signal groups

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Quote from: Digital_Lord on May 17, 2022, 06:51:52 AM

There are many Tips that's you can follow. But experience is very important thing. In my opinion you can considers these tips to get some good results.
1: don't Invest all money in one coin/ asset.
2: Always use Stoploss. Less loss is better than a big loss.
3: learn from your mistakes.
4: use less leverage.
5: focus on learning because learning is very important to become a good trader.

in leverage trading, we usually choose to use large leverage, because with small leverage there are often stop outs, and this makes us sometimes frustrated. it's true to learn we should use a small leverage, that way we can learn discipline and mature our analysis, otherwise we will be manipulated by our emotions, because if we experience a loss, we want to recover it immediately. and finally we can't think clearly again

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There are many Tips that's you can follow. But experience is very important thing. In my opinion you can considers these tips to get some good results.
1: don't Invest all money in one coin/ asset.
2: Always use Stoploss. Less loss is better than a big loss.
3: learn from your mistakes.
4: use less leverage.
5: focus on learning because learning is very important to become a good trader.

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Quote from: LUCKMCFLY on May 15, 2022, 08:47:07 PM

Quote from: Prosector on May 04, 2022, 11:26:52 PM

Learning from your mistakes is one of the best tips that a trader can implement in his life. How will you grow if you keep on repeating the same mistakes? To avoid that, you have to know where you are failing. So never stop learning

It is best to learn from mistakes, but you learn more when you lose, even when we win we must realize why we won, it is something that very few traders do, when we lose some take it as the greatest of failures and they are It goes down to self-esteem, some lose so much that they don't even return to trading, I think it's a matter of attitude because in trading losing should be seen as something normal, and not as a shame, in fact those who lose in trading and realize the why, do not make that mistake again, thus avoiding losing money.

Good point. If you wanted to increase your chance of success, losing should be treated as your learning ground. It's not a shame

but a good inspiration to push forward and try even harder. Most of those who think that losing is a bad result will continue to regret

and continue to dwell with things that supposedly be forgotten to move forward. Different takes from different types of investors and

traders, the one who desire to succeed will not allow being dominated by negative effect instead they will continue to seek for that

fit strategy to continue.

Ebede

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Quote from: ?? on ??

What I really advise you to do is to pay enough attention to training. This aspect is very important for work. When I started working with a broker from Amarkets, I paid a lot of attention to this.

When you want to learn the tip things of trading you will pay attention because if you refuse to pay attention to learn and know when you suppose and when you are not suppose to be in the market you will lose all your funds use to start the investment, the beginning of training of cryptocurrency is listening and the understanding of cryptocurrency

Anders_Bitcoin

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Quote from: Alucard1 on May 17, 2020, 02:13:26 AM

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

I'm sharing my trading strategy

- Timeframe - 5 minutes
- Look for a big accumulation of highs or lows and use them to draw the level
- When this level breaks through, go in the direction of the trend, put a stop-loss outside the high or low
- Keep the risk/reward ratio of 1 to 3
- Use no more than 4x leverage (Cexes – Binance, Kraken; Dexes – Wowswap or Ddex)
- Profit!

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Quote from: LUCKMCFLY on May 15, 2022, 08:47:07 PM

It is best to learn from mistakes, but you learn more when you lose, even when we win we must realize why we won, it is something that very few traders do, when we lose some take it as the greatest of failures and they are It goes down to self-esteem, some lose so much that they don't even return to trading, I think it's a matter of attitude because in trading losing should be seen as something normal, and not as a shame, in fact those who lose in trading and realize the why, do not make that mistake again, thus avoiding losing money.

I want to agree with you there as that's how it kinda works for me. I lose money, I hurt, and so I learn my lesson. I lose 50 cents and I don't feel so much pain, and I tend to lose it again Wink

But this space of socalled trading is filled with gamblers and risk takers, not really actual traders setting out to learn, but to make easy money and get rich quick.

They don't seem to be the type to learn lessons Wink

LUCKMCFLY

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Quote from: Prosector on May 04, 2022, 11:26:52 PM

Learning from your mistakes is one of the best tips that a trader can implement in his life. How will you grow if you keep on repeating the same mistakes? To avoid that, you have to know where you are failing. So never stop learning

It is best to learn from mistakes, but you learn more when you lose, even when we win we must realize why we won, it is something that very few traders do, when we lose some take it as the greatest of failures and they are It goes down to self-esteem, some lose so much that they don't even return to trading, I think it's a matter of attitude because in trading losing should be seen as something normal, and not as a shame, in fact those who lose in trading and realize the why, do not make that mistake again, thus avoiding losing money.

Desmong

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I believe on the more you trade the more you learn. Making good achieve in crypto trading does not comes in one night. It requires continues knowledge applications to trading patterns. Trading has different aspects and we should always try and balance it so we can have thorough understanding about what it means to trade. Op tips for good trading is a must learn or understandable aspect in trading.

stomachgrowls

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Quote from: ?? on ??

What I really advise you to do is to pay enough attention to training. This aspect is very important for work. When I started working with a broker from Amarkets, I paid a lot of attention to this.

Amarkets? So this is a Forex trading company which im aint sure if this one is known or not but as long you do get paid and this one works well.Everything should really

be learnt up and that will via with experience and expect and dont rush up yourself on learning because it would really takes time and effort before you could attain such state.
One thing you should bare up on mind is on how you would really be making yourself sustainable into this market for a very long time and that comes next
about making profits.Sustaining would be your main priority.

Bhig Daddy

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This is really a nice thread, very informative, thank you so much for sharing this. Trading is not easy, especially when you new to the crypto system, when you are ignorance about crypto, it makes you lose alot of fund and with that you might easily get discouraged. It's really a nice thread.

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Quote from: martyns on May 13, 2022, 12:41:40 PM

Before placing a trade on Binance or any of the trading exchange, you need to know the basis of the exchange you are using. Like Binance, which its minimum amount about to buy a coin is $10 and you can't sell any coin below $10 rate. There are other good tips for opening trading position. We have the stoploss and take Profit.
Stoploss is one of the essential tool everyone must set after placing a trade. Stop loss usually save some traders from liquidation of their USDT. Take Profit and stop loss are always set for the purpose to either to reduce the rate of loss or to close a trade when you are in profits.

It is important to know the details of everything before taking any trade. Because if a trader changes his mind after taking a trade, then it will be a big problem for him. You can easily convert other coins of small amount to bnb in Binance, which means there is no big problem here if the fund is less than the minimum amount. Stoploss can save a trader from huge losses in volatile markets. On the other hand, this stoploss can get a trader out of the market, again pumping the price. So it is important to know the proper use of the system.

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Before placing a trade on Binance or any of the trading exchange, you need to know the basis of the exchange you are using. Like Binance, which its minimum amount about to buy a coin is $10 and you can't sell any coin below $10 rate. There are other good tips for opening trading position. We have the stoploss and take Profit.
Stoploss is one of the essential tool everyone must set after placing a trade. Stop loss usually save some traders from liquidation of their USDT. Take Profit and stop loss are always set for the purpose to either to reduce the rate of loss or to close a trade when you are in profits.

Topic: Tips for good trading - page 4. (Read 3480 times)