TIPS TO BE A SUCCESSFUL CRYPTOCURRENCY TRADER

Moiyah

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Quote from: talkbitcoin on February 16, 2019, 06:31:57 AM

you don't need any tips to be a successful trader, there is no magical solution out there. the only thing that can make someone successful in trading cryptocurrencies is having experience and that can not be gained by reading some tips from others. people have to start trading themselves to learn how it works specially to become familiar with the pump and dump show that is going on in the altcoin market.

Indeed. Your experiences makes you an expert trader. There are times that little profits isn't enough for us therefore, we are in need to gain more profits. In simple words, greed entering our trades. Successful trading means being determined to learn anything that is beneficial to you. From simple terms into complicated indicators. From simple charts into fundamental analysis. Meaning, you will learn simple strategies into deep strategies.

Vaculin

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Quote from: r1a2y3m4 on April 07, 2019, 03:22:39 PM

Quote from: nugezmils on February 15, 2019, 08:12:15 PM

Research is the key word here.

Do your own research is a 4 word phrase but it is hard to understand for few. I think that's the best tip for all of us traders in cryptocurrency. This is what I do whenever I try to invest in some projects. I always do researches in order for me to become successful out of that trade.

Right. Be a resourceful and a knowledgeable trader. It's still best to trade if you know what you are doing and whenever bad things will happen along your trading, you already know how to get out from it. And it's really best to make a wide research first on the coins you want to invest before proceeding into trading.

r1a2y3m4

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Quote from: nugezmils on February 15, 2019, 08:12:15 PM

Research is the key word here.

Do your own research is a 4 word phrase but it is hard to understand for few. I think that's the best tip for all of us traders in cryptocurrency. This is what I do whenever I try to invest in some projects. I always do researches in order for me to become successful out of that trade.

The Seller

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I agree with you, because sometimes the selfish and greedy attitude that traders have is causing loss of everything so try to trade wisely and carefully.

playboy654

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My first opinion for everyone is don't confuse Your Mind by seeing all the tips and tricks because everything is like keeping yourself good with a confident otherwise your own experience always helpful for you to get the better result for your intelligence and work.

jony35490

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Quote from: thankyoulord on February 15, 2019, 05:31:17 PM

what you put down here is correct. Most times people invest in only one coin especially when they are being pumped and end up loosing money. best way is buyng coins when they are very cheap and making sure you buy different coins. dont wait for price to pump very high.

Absolutely I agree you. We need to choose multiple coins for investment. Cause if we invest our whole capital in one single coin then we may face big losses.

akram143

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Quote from: yetty10 on February 14, 2019, 07:57:20 PM

To be a gainful crypto merchant, don't pursue the pinnacle of the development. Make do with little profits which will, in the end, grow into larger one. Sitting tight for a larger profits may blowback on you and your coin lose big. While you are left with nothing.

Note that most altcoins lose their incentive after some time when you choose to hold them for long. Pick the altcoins you will hold cautiously since coins with a higher day by day exchanging volume have a superior position.

Invest in battalion of coins, I.e don't put all your eggs in one basket,
Distribute your risks across a broad portfolio. If one is not doing fine, the other will sure do well, do not be tempted to investing all your money in just one coin because it is currently doing well.

Lastly, one needs to be wary of chatting groups who promotes FOMO AND PUMP.

I think the continuity is important here to trade continuously and make your experience more is here when you do every time frequently with a proper guidance will always makes you to get better about preparing yourself to a better person in trading field.

CoinChili

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I always choose altcoins that are worth to day trade and worth for a long trades. You were right that some of the altcoins lose their value after holding it for so long tjst is why i do prefer some of them to do a day trades. Sometimes, being a succeasful crypto trader depends on our own strategies. Thanks for the tips, anyway.

Wildwest

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by the way thanks for the tips. But recognizing deeper to trade is the main tips, markets that always fluctuate make us have to continue to analyze which coins are potential every day

Moiyah

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Quote from: franky1 on February 16, 2019, 12:27:41 AM

a year of waiting for a one time 300%(3x) is the worse than 300 days of daily 1% = more than 300%(3x)
hours of waiting for a one time 1% of $10k is the worse than hours of 10 $1k = more than 1%

this is the basic rule of "dont put all of your eggs into one basket"

Indeed a good advice. Being impulsive will not be a helpful at all. Never risk high amount with high probability loss.
Thus, setting goals even in a small profits with daily wins can be profitable than to wait for big profits in a long span of time.

ken_kam

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Yes, I agree with what you say. I was researching about some arbitrary software that may take those issues into account. I found several platforms, but there was one of more confidence and I started investing there. I achieved 3% daily of my initial investment. that's why I believe that in such a volatile market of cryptocurrencies, the precision of technology can help us obtain better results than our capacity can achieve. It was impossible that with so many technological advances, there is not one that has this assistance, even for beginners. this helps them to make minor mistakes and money losses.

CryptoToxicAvenger

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The most important thing that you need to understand any beginner, is that any business should start with a strategy. You should plan all your actions and try to anticipate all possible failures and identify ways to solve them.

Eildosa

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I once regretted that I did not use these simple trading rules. Therefore, I can say by my example that this is not an empty sound. It is really very important to follow these rules. Therefore, it is better to understand it at once, and not when you make some mistake and pay for it.

jcmansah7

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hahaha...you may be a newbie but you sure do have some level of experience in this game. It is always best to spread out your wings but if you are also confident about a project then i suggest you go all in because sometimes that could also be your breakthrough to some lambos. I have bet most of my funds on the Vivid App project and i hope it pays me well someday.

bitcoin31

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Tips is only a tips and depends to the new trader if they follow it or not but ae hope for their own sake too they will follow us who are successful in the fields of the trading because we can know what is chabce to happen and we have a lot of knowledge and experienced about that. I hope every successful trader can gives tips for the new trader to success too.

muhtesem

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There's an explanation here. If you get a product at a reasonable price you win. This is what should be done in the market. When the price is lowest you need to buy. some people are buying pump coins because of fomo. then they cry a lot..

Crypto24hrs

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To be successful in every business you must have to acquire the needed experience to do the trading, little wonder they say "experience is the best teacher in life" and the best way to acquire the experience is through daily trading of buying and selling as soon as the price appreciates.

harapan

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that's right, investing everything in one coin is just suicide. experience in the past made me traumatized by this. I prefer to invest my money into several assets.

Danslip

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Really helpful tips for new traders and there is lot of things to learn on ahead. Pro traders know the hidden secrets and they have all required skills to determine the successful gems. Crypto trading is tough than trading forex,commodities,stocks shares and every market has its own advantages and disadvantages. Trading without emotions is job of experienced trader who can handle big drowpdowns and stop losses. I am sure there are more successful traders than we see in our lifes and there is room for everyone in financial markets.

gabmen

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Well those are really helpful tips and are essential especially for newbie traders. But i think the key to be able to feel it for yourself. Make your research and then apply it. Practice with little amounts. Don't br afraid of losses because it's certain that you will have losses at the start. Take everything in and learn from them. It's important to understand that it's normal and it's ok to make mistakes.

Topic: TIPS TO BE A SUCCESSFUL CRYPTOCURRENCY TRADER (Read 549 times)