Topic: Tips for good trading - page 8. (Read 3480 times)
I think if you want to be a good trader then you must take training first then after training you will be able to train well with any cryptocurrency from which you will get a good profit in future and instantly you can get some profit. We need to learn how to trade from a good trainer so that we can understand how to trade well.
I think gaining money from trading is not just ,,winning'', I would say ,,earnings''. Winnings maybe in slots or another live games but not in trading, of course if you do it with your own skills and strategy but not with just lucky. So, If I buy 1ETH and then I sell it because of the bad news, it won't be winnings as its in casino.
Join to group or forum crypto currency. Find a undervalue project wit a good development. Buy that, and dca until reversal. Take profit with high target or equal mc with competitor.
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.
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This advice sentence must continue to be voiced by many traders to> newbie traders....good traders are not those who always show their profits but who always give good advice to others who want to become traders. but there are still many traders (pro or newbie) who find it very difficult to learn from their mistakes, this is the most important part. 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.
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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.
Greed is a natural human trait and everyone has it. just how to control it. When trading, greed really has to be controlled and trades must be in accordance with the strategy that has been made. Don't enter on high-priced coins, it will only hurt. long term investment should choose a good coin and do some research to determine it. 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.
Gaining from your own misstep is actually the uprightness in exchanging, not on the grounds that you have lost your cash from it, you will stop, that isn't the beneficial thing to do, don't let the one lost of your life let the possibility bringing in cash away from you. Yet, when we met similar individuals, we shaped a gathering of 6 individuals and from that point exchanged effectively. We open the workplace and work expertly.
Yes, trade at your own risk by carry out your personal research before investing on a particular new crypto project in the community, will really help you to achieve a lot of income from the market. Now that everyone is rushing to invest on some crypto project in the community, it will be favourable to invest on those old crypto project that always favour traders in this season of Profit making.
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.
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.
Life is itself bring new experience to everyone as trading will give different experience throughout your life. Trading is very risky job point is that put that money you afford to loose. Money can be zero even you put that money on big share just like a young and healthy man can die. Second is buy always at dip and may be sip system not all at once. Third point is make some research about project that you going to invest. My last point is to hold have some patience. You came out as winner.
We all should never forget that mistakes are part of the trading experience, whenever you make a mistake while you’re trading Cryptocurrency, you should take it as part of the experience and try to work on yourself by knowing how you can avoid making that same mistake again in the future. It’s really important.
Some people would rather give up whenever they experience such difficulties in the market, they are forgetting that there will always be an obstacle to achieving great things. It doesn’t just come to you easily. You will meet difficulties that will always try to discourage you, but you should learn from them and move on and keep pursuing your goals. Risk is part of the market.
Some people would rather give up whenever they experience such difficulties in the market, they are forgetting that there will always be an obstacle to achieving great things. It doesn’t just come to you easily. You will meet difficulties that will always try to discourage you, but you should learn from them and move on and keep pursuing your goals. Risk is part of the market.
If you want to trade, you must learn some rules. Whenever you go trading you need to analyze the market. And especially if you want to trade, always trade for a short time. You will sell only when you see that the market has increased since the highest purchase.Otherwise if you expect to get more but You will lose.So there are some rules for trading. If you follow them then you will not fall into more losses.
I think if we want to make short trades, then we have to do clear targets and stop losses. Of course, we must be very disciplined, because later not all of our transactions will be profitable, but our account graph must increase. mentally prepare us to be disciplined, because there is no bargaining in our analysis plan considering we will evaluate each of our transactions and review them again so that in the future it will be better by analyzing at least we can make decisions quickly so as not to lose the moment to take profit,
it is very important indeed to always evaluate and analyze even though it is not an easy thing it also takes experience
If you want to trade, you must learn some rules. Whenever you go trading you need to analyze the market. And especially if you want to trade, always trade for a short time. You will sell only when you see that the market has increased since the highest purchase.Otherwise if you expect to get more but You will lose.So there are some rules for trading. If you follow them then you will not fall into more losses.
I think if we want to make short trades, then we have to do clear targets and stop losses. Of course, we must be very disciplined, because later not all of our transactions will be profitable, but our account graph must increase. mentally prepare us to be disciplined, because there is no bargaining in our analysis plan considering we will evaluate each of our transactions and review them again so that in the future it will be better 
I used to exchange alone and I was desolate and, surprisingly, frequently endured misfortunes in sorrow. yet, when we met similar individuals, we shaped a gathering of 6 individuals and from that point exchanged effectively. Since stop control lose is truly challenging and it necessities to clear up your psyche from those pessimistic feelings.
Risk on a trade is a common one.You have to learn things from the loss trading.In a gain trading, you can't learn anything. But while thinking on a loss alone, you get the same as a emotional one. It may leads to the sad mood.I had loss over 3500$ in a future trading of two big trade. But I had get into the idea of next trade. Because I had a strong mind to get all my loss to my own wallet. The positive mind is the only source for the next trade after a loss.
That's a lot of money that's hard to lose. Future's isn't for everyone but if you've managed to recover that eventually then you're a great trader I should say.Not everyone that losses that amount are easy to recover it the next trade that they have. It is true that positive thinking will help you but not all the time when you're over optimistic.
Risk on a trade is a common one.You have to learn things from the loss trading.In a gain trading, you can't learn anything. But while thinking on a loss alone, you get the same as a emotional one. It may leads to the sad mood.I had loss over 3500$ in a future trading of two big trade. But I had get into the idea of next trade. Because I had a strong mind to get all my loss to my own wallet. The positive mind is the only source for the next trade after a loss.
By looking to your perspectives, it's true that positive mindset will allow you to cope up with those previous losses, instead of regretting or focusing with your emotions from your last lost, it's better to think positively and try to move forward, learn from your mistake and try not do the same on your next trade, be ready and willing to adjust with every situation that you'll going to encounter along the way.
It's normal to lose, but you can minimize it if you have deeper knowledge of the market that you are into.
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.
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.
Risk on a trade is a common one.You have to learn things from the loss trading.In a gain trading, you can't learn anything. But while thinking on a loss alone, you get the same as a emotional one. It may leads to the sad mood.I had loss over 3500$ in a future trading of two big trade. But I had get into the idea of next trade. Because I had a strong mind to get all my loss to my own wallet. The positive mind is the only source for the next trade after a loss.
I really appreciate all your point but when you say one should learn from his or her mistake is a sign that you have failed already but is good we encourage people to learn from other people's mistake.
No one can learn to make mistakes in cryptocurrency because once you make a mistake you will always try to learn from that mistake and get something good up front. Moreover, good and experienced traders often make mistakes in trading and they learn from those mistakes. because that way we can learn from previous mistakes so we don't repeat the same mistakes in the future,
mistakes are common so no need to be afraid and worry,
I'm sure every trader has their own way of dealing with their mistakes
I really appreciate all your point but when you say one should learn from his or her mistake is a sign that you have failed already but is good we encourage people to learn from other people's mistake.
No one can learn to make mistakes in cryptocurrency because once you make a mistake you will always try to learn from that mistake and get something good up front. Moreover, good and experienced traders often make mistakes in trading and they learn from those mistakes.
Sometimes some good tips work in the case of cryptocurrency trading, but many times the tips in the case of trading give the opposite result. Due to the current volatile situation in the cryptocurrency market, your good tips may not work. So you need to know the details of the market in detail then take action in the case of trading.
You have mentioned every facts very rightly, and i want to talk more on is learning more from your mistake.
When it comes to trading, most of individuals feel as though the market just moved against them which led to the loss; as a trader we need to figure out to always point out errors from within without pushing blames to the market, network browser or other phenomenon.
I agree about that. It is one matter that everyone must look into and not just you have traded and you lost.When it comes to trading, most of individuals feel as though the market just moved against them which led to the loss; as a trader we need to figure out to always point out errors from within without pushing blames to the market, network browser or other phenomenon.
But as you have lost, there is the learning that you have to extract from that losses that you have made so that it is worth it.
The lesson is there specially if you have applied a certain strategy on it.
The things you've outlined are excellent for being a successful trader. Actually, if you are aware of the situation in which you are involved, it is simple to take advantage of it; nevertheless, if you are unaware, it is required to become aware of the situation. You will undoubtedly make mistakes at first, but as time passes, you will undoubtedly seek out the tactics and principles that will allow you to benefit simply. If you rush to take advantage and don't consider the cost, you're making a mistake that could cost you a lot of money.
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