to be able to get a large profit in today's trading is very difficult! - page 5.

FLoving

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Quote from: bohr on January 10, 2020, 02:54:38 PM

Quote from: bitbunnny on January 06, 2020, 03:10:20 PM

I don't think it was ever easy, maybe just the opportunities were better.
Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night.
Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.

While getting profits in any market is never easy I think he has a point, it was easier to obtain profits back in the day whether you were a trader or an investor, just to give you an example there was a time in which faucets gave one bitcoin, which means that a person that did faucets back in those days and it is still holding those coins today will probably be incredibly rich by just investing a few hours of his time, and we know that is impossible right now.

At that days faucets were giving one bitcoin for a single claim as at that time the price of one bitcoin was in pennies and now increased but as we know that these faucets are still give in pennies and we also know that the price of these satoshis will one day be much higher as we saw the price of one bitcoin increasing so if you want to be like those early claimers try to be the faucet claimer now and wait for a ten years

Wipeout2097

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Truly said,There some reasons which can be hurdle in to get maximum profit.Big Whales are big threat fr traders because no one can know the next move of whales and your research,strategy fails when whales make a move suddenly.It is better that know the sense and past trend of whales.

Never demotivate yourself just get lesson from past and move on,Less earning with consistency will beat all.Learn abut market and new strategies and latest technology that can help to get more profit.

adroitful_one

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Quote from: bohr on January 10, 2020, 02:54:38 PM

Quote from: bitbunnny on January 06, 2020, 03:10:20 PM

I don't think it was ever easy, maybe just the opportunities were better.
Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night.
Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.

While getting profits in any market is never easy I think he has a point, it was easier to obtain profits back in the day whether you were a trader or an investor, just to give you an example there was a time in which faucets gave one bitcoin, which means that a person that did faucets back in those days and it is still holding those coins today will probably be incredibly rich by just investing a few hours of his time, and we know that is impossible right now.

What exactly makes you so sure this won't be the case in the future as well? Maybe those .000001 drops you get from faucets now could be worth something in 10 years? Also, the market has a lot to do with this. It's a lot easier to profit on a trade whenever you're in a bull market and the price is going up. You basically just hold as long as you want during these markets. Can't really screw it up. There's a lot less room for mistakes during a bear market. Hold too long and you could be screwed.

bohr

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Quote from: bitbunnny on January 06, 2020, 03:10:20 PM

I don't think it was ever easy, maybe just the opportunities were better.
Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night.
Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.

While getting profits in any market is never easy I think he has a point, it was easier to obtain profits back in the day whether you were a trader or an investor, just to give you an example there was a time in which faucets gave one bitcoin, which means that a person that did faucets back in those days and it is still holding those coins today will probably be incredibly rich by just investing a few hours of his time, and we know that is impossible right now.

sisule

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Quote from: Sadlife on January 07, 2020, 10:11:51 AM

Choose one of the altcoin that is on the top 10 list because they tend to rally along with bitcoin and before investing into altcoins it would be probably better to pick coins that has a good market cap and with good potential that is backed with legit companies and real CEO.
It would be highly recommended for newbies to watch crypto trading experts on youtube on how they do things, for you to have better understanding on what they're doing and from there you could find people that will give advice.

Not guarantee with top 10 list altcoin on the coin market cap because many top coin keep stable with lower price and very difficualt wanna grow up like Ripple, maybe many investor know whit ripple in third position in exchange market but price never growing up after last two years have raise with higher price, I think most profitable with higher profit by investing in new coin only.

jostorres

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Yep you’re right it has been really difficult these days but I just see it as how’s it’s meant to be, because trading is really a difficult thing to do. Recently, I stopped trading frequently and only trades when I think is the right time to trade and I know there is the possibility that I’ll make profit. What I focus now is just long term, and it is working for me though it’s unlike short term where you might make profit frequently or loss, but it is more safe and you will wait long time, and it gives me the time to focus on other important things.

Making profits in crypto trading is always difficult which means the current scenario of sideways markets allow only the experts to make profits but fortunately last 2 days market remains bullish and this could bring some intermediate traders too into profit zones.

Sadlife

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Choose one of the altcoin that is on the top 10 list because they tend to rally along with bitcoin and before investing into altcoins it would be probably better to pick coins that has a good market cap and with good potential that is backed with legit companies and real CEO.
It would be highly recommended for newbies to watch crypto trading experts on youtube on how they do things, for you to have better understanding on what they're doing and from there you could find people that will give advice.

kotajikikox

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Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

if you are not a expert trader,then i may advice you to stop trading first and just use Holding strategy while you are still learning.

trading is not for all mate and this has been proven by many prospective traders that fails and now blaming the market because of the volatility,i have tried once but stopped now as i believe that we are not all deserve to trade not unless we will spend too much time to learn and may find Good adviser and teacher before we will enter Daytrading the riskiest way to earn in this market(but also the most profitable)

Hypnosis00

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Quote from: KnightElite on January 04, 2020, 02:30:55 PM

Quote from: Faxmate on January 04, 2020, 02:06:26 PM

Quote from: Hypnosis00 on January 03, 2020, 09:58:58 PM

Stop chasing and thinking for easy money here cause it might only disappoint you. The current market situation is really not in a good position unlike what we experience last 2017...If you are good and smart enough in trading you can still make more gains but it is really hard for sure, in fact, even expert has the same experience.

Nothing is easy in this world because we gain something with our patience, hard work and allot of efforts and specially in crypto we will have to make profit by holding and waiting for it. So if good time came once then ir will surely come again but we will have to keep waiting and don’t panic, trade for long term you will earn huge profit one day.

It is really difficult to earn profit in trading especially if you are new in the market. If trading is our passion then we will find a way where we can become a knowledgeable trader, finding information is also difficult and it is why we should have researching skills. Like what you said, patience is also important in trading and every trader should learn how are we going to increase our patience.

That is understandable, it all becomes successful when we learn to control ourselves and patience as well. Many traders suffer such difficulties coz they never anticipate such differences and it surprises them. Experts never look of what it happens today but always anticipating of what it happens in the future and that it brings them achieving their goal.

bitbunnny

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I don't think it was ever easy, maybe just the opportunities were better.
Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night.
Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.

bohr

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Quote from: leowonderful on January 01, 2020, 02:20:40 PM

If you're trading Bitcoin, I suggest first doing so without leverage and then later moving onto leveraged trading at your own risk. Bitcoin's already volatile as it is, and it just gets worse with leverage and especially worse the higher you go with leverage. Same goes for alts; it's easy to get burned, but the potential profits are high too, though I do sometimes short altcoins on leverage.

You are an advanced trader as such something like that could work for you but we should not expect that most traders can use leverage successfully, as you say the volatility of this market is already huge and many traders do not use a stop loss which means that if they let their computer unattended with an active trade and the market goes against them that can be enough to lose all the money you have in your account and we have seen several examples of this over the years in the forum.

radjie

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If you really observe the market movement, you will see a lot of opportunities given by the altcoins in the market from the past couple of weeks. There's always a chance on the market, and you just need to examine each of them to see and sort out the good opportunities for making good profits. You have to do it on your own and do not rely on recommendations from other people so that you can maximise the profit. Sticking to your own strategy is the best advice.

of course things need to be done choosing altcoin that is good enough to be used as day trading, although the benefits obtained are not too large in day trading if it is often done then the possibility of the benefits we collect every day will grow and certainly do not be greedy to have the ambition to get a profit big every day

KnightElite

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Quote from: Faxmate on January 04, 2020, 02:06:26 PM

Quote from: Hypnosis00 on January 03, 2020, 09:58:58 PM

Stop chasing and thinking for easy money here cause it might only disappoint you. The current market situation is really not in a good position unlike what we experience last 2017...If you are good and smart enough in trading you can still make more gains but it is really hard for sure, in fact, even expert has the same experience.

Nothing is easy in this world because we gain something with our patience, hard work and allot of efforts and specially in crypto we will have to make profit by holding and waiting for it. So if good time came once then ir will surely come again but we will have to keep waiting and don’t panic, trade for long term you will earn huge profit one day.

It is really difficult to earn profit in trading especially if you are new in the market. If trading is our passion then we will find a way where we can become a knowledgeable trader, finding information is also difficult and it is why we should have researching skills. Like what you said, patience is also important in trading and every trader should learn how are we going to increase our patience.

Faxmate

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Quote from: Hypnosis00 on January 03, 2020, 09:58:58 PM

Stop chasing and thinking for easy money here cause it might only disappoint you. The current market situation is really not in a good position unlike what we experience last 2017...If you are good and smart enough in trading you can still make more gains but it is really hard for sure, in fact, even expert has the same experience.

Nothing is easy in this world because we gain something with our patience, hard work and allot of efforts and specially in crypto we will have to make profit by holding and waiting for it. So if good time came once then ir will surely come again but we will have to keep waiting and don’t panic, trade for long term you will earn huge profit one day.

LUCKMCFLY

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Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

~snip~

Well, according to what you explain, you start trading only so that your currency can go up and expect profits, although it is a very limited type of trade, you lose the essence of trading, because you must keep in mind that when Bitcoin falls in price altcoins go down, if you bet with some leverage to the Altcoins you obviously win.

You should always check the price of Bitcoin and analyze possible Bitcoin movements, so that you can enter the Altcoins market, the altcoins have no life of their own, Bitcoin does, Bitcoin is the King, the boss, I recommend that if you invest do it In Bitcoin, if you speculate mostly now the trend for altcoins is down due to bitcoin movements, although a good Bitcoin Bullish rally is expected.

Hypnosis00

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Stop chasing and thinking for easy money here cause it might only disappoint you. The current market situation is really not in a good position unlike what we experience last 2017...If you are good and smart enough in trading you can still make more gains but it is really hard for sure, in fact, even expert has the same experience.

pajak666

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Quote from: leowonderful on January 01, 2020, 02:20:40 PM

You don't need to get just one singular very profitable trade to be successful in crypto. A lot of people just sit on trades until they reach outlandish targets, but if you're able to make lots of smaller profitable trades while capping losses on those trades, that works just as well too.

If you're trading Bitcoin, I suggest first doing so without leverage and then later moving onto leveraged trading at your own risk. Bitcoin's already volatile as it is, and it just gets worse with leverage and especially worse the higher you go with leverage. Same goes for alts; it's easy to get burned, but the potential profits are high too, though I do sometimes short altcoins on leverage.

Leverage is fine as long as you are trading small % of your capital in one position. Just set proper exit points and profit Cheesy

It will let you trade some spots that would not be really worth it otherwise. It gets thing a little complicated but not too much above the standard curve. Both ways the biggest mistakes is betting too big at once so this will need to get fixed asap.

dark08

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Quote from: Joyawan13 on December 21, 2019, 12:27:17 AM

what I experience now is difficult for me to be able to get a big opportunity in my day trading, and the difficulty now is to be able to predict the price of altcoin, several times I make purchases of coins that I choose to trade tend to always go down, and I beg tips with all that there are those here who are proficient in day trading so that I can trade well and can benefit.

This is one reason why I left to trade altcoin and switch to margin trading I only trade bitcoin right now most altcoin that make a high spike are doing by pump and dump group. But like other said try to look to your mistake and analyze where did you make mistake so next time you will know what will do.

Karmakid

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Why it's really hard if you want to sell or carry on a long-term basis. So long so uncertainty occurs and the price fluctuates from time to time, you will benefit from it. Don't presume the market will always show green colours because it can not happen. The most important thing about this is just that you know the right time to buy and sell money. The price of Altcoins was tied to the price of Bitcoin and it's almost the same movement.

I think you are suggesting to just become a long term investor rather than a profitable trader. You should prioritize utilizing the fluctuations in every cryptocurrency that you have and to do that is through proper planning. If the price of a cryptocurrency is against to your bias, then that means you are wrong and you should take action about it. Don't be a trader and turned into an investor just because you do not want to make your paper losses, real.

adzino

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Hard to understand what you are saying. I guess you are using a translator? From what I understood, you are saying that you aren't able to make "significant" amount of profit and most of the time, you make loss when trying to sell. Well, then find out what you are doing wrong. Try to understand your mistake and get used to the market. You will find a similar pattern taking place for which you are making loss. Once you get to know about the flaws in your trading "strategy" from those patterns, try to fix it. You will be doing better this time.

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