Tools to improve your trading | Bitcointalksearch.org

drachman

sr. member

Activity: 756

Merit: 252

Quote from: jmigdlc99 on September 30, 2019, 03:55:28 AM

Quote from: WickCrypto on September 30, 2019, 02:36:27 AM

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a

+1 for tradingviews ideas.

I've been lucky enough to avoid crashes and ride bull waves because of the indicators "experts" share on tradingview. Some may say it's poor strategy to simply rely on other people's opinions but when you don't have enough time to learn how to be a trading genius, reading lots of opinions from other people may be enough to save you from ruin.

I am glad that this has saved you from losing your money but it is a poor strategy and at some point it is going to stop working and you are going to lament not putting the necessary time to learn how to trade by yourself, it is really important that you do not rely on anyone else to understand the markets, this is not about ego this about your capabilities and your ability to take the right decision at the right time, if you don't have that eventually you will lose everything that you have.

giltc148

newbie

Activity: 38

Merit: 0

I checked your article and I must admit that it seems to be helpful. I suppose to pick a new tool to use from these four options, mentioned by you. Now I am using this infobot https://t.me/CexIoInfoBot, which has a narrow range of functions but helps a lot. I guess that it will work even better in a tandem with one more tool.

cryptothreads

hero member

Activity: 1274

Merit: 500

Quote from: DeathProxy on October 31, 2019, 04:20:07 PM

These tools have been effective in helping traders make headway in crypto trading and help traders to maximise profit. But i still think that one of the most important tool a traders need is its instinct and the its ability to stay of greed and resist greed while trading. Greed is one thing that makes traders loose funds while trading, if a trader can tame greed then the trader can maximize profit from crypto trading

Before investing, you need to have a specific plan and set the price to sell after buying. I think that if you do this way, you will control your greed and ensure a good return on that investment. In fact new investors are often very greedy and they often wait to make a higher profit and when the market falls they tend to panic sell more. I always advise people and always share their knowledge about investment but they usually only care about profit so it will be difficult to mention this.

Personally, I always divide capital clearly in my investment and always control my profits. Of course always follow the original plan and always in the best state when investing.

Shasha80

sr. member

Activity: 1876

Merit: 318

In my opinion using tools in trading is very good, because it is able to provide input regarding the
decisions we take. But using tools also does not guarantee we will get a profit. And requires time to
study these tools, which not everyone has free time to learn. The conclusion to us respectively if you
use tools, it is considered very useful for trading, please do it. But if you use tools deemed not useful
do not use these tools, do the way you think is right.

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

Quote from: wajik-tempe on November 02, 2019, 08:16:29 AM

Quote from: Chaintrader_1 on November 02, 2019, 07:22:38 AM

Bitmex emails got leaked, watch out with your old Bitmex accounts!
Always enable 2FA verification...

More info : https://youtu.be/-TVIkHiHIGY

Just make sure we have 2FA in our gmail and i think everything will be safe due to the google activator authentication code is changing every 30 secs, i think it's really safe enough to secure our account.
Except if the security of the exchange itself is not strong, we can't do anything. Hackers and phisers are everywhere right now so as a crypto people we have to be really careful about visiting websites that offer us free reward or something like that

That's common to most access of different exchanges, but having an ethenticator app is most certain for log in security. This is very hard to solve by hackers, and that's why it's very important to avoid visiting those unknown sites because if you fail to do that authenticator is worthless. So be careful and always choose the safest ways to handle it and always stay vigilant as well.

wajik-tempe

sr. member

Activity: 1022

Merit: 252

Quote from: Chaintrader_1 on November 02, 2019, 07:22:38 AM

Bitmex emails got leaked, watch out with your old Bitmex accounts!
Always enable 2FA verification...

More info : https://youtu.be/-TVIkHiHIGY

Just make sure we have 2FA in our gmail and i think everything will be safe due to the google activator authentication code is changing every 30 secs, i think it's really safe enough to secure our account.
Except if the security of the exchange itself is not strong, we can't do anything. Hackers and phisers are everywhere right now so as a crypto people we have to be really careful about visiting websites that offer us free reward or something like that

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Pamadar on November 02, 2019, 05:40:32 AM

Quote from: DeathProxy on October 31, 2019, 04:20:07 PM

greed is one thing that makes traders loose funds while trading, if a trader can tame greed then the trader can maximize profit from crypto trading

Greed if being use in it's proper way it can be helpful to maximize your profits.

sure it can but if your profit was already high . higher greed will kick in and in your mind you say that you will play more because you are lucky but what if you loose ? all your previous winning and effort will go down the drain . this is why i would say that greed is bad not only in trading but also on gambling and other stuff's . earning sufficient income is already okay because if you can manage it well it can go along way and it can grow if you save them up

Chaintrader_1

newbie

Activity: 25

Merit: 3

Bitmex emails got leaked, watch out with your old Bitmex accounts!
Always enable 2FA verification...

More info : https://youtu.be/-TVIkHiHIGY

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: DeathProxy on October 31, 2019, 04:20:07 PM

These tools have been effective in helping traders make headway in crypto trading and help traders to maximise profit. But i still think that one of the most important tool a traders need is its instinct and the its ability to stay of greed and resist greed while trading. Greed is one thing that makes traders loose funds while trading, if a trader can tame greed then the trader can maximize profit from crypto trading

Greed if being use in it's proper way it can be helpful to maximize your profits. It's all about human behaviors as it's part of the reason why most traders loses their position while working with their trading activities. It's a matter of how effective you are in using the right emotions. If you do have tools and you can keep it your chance to succeed is much higher than to those who are keep changing from time to time.

WickCrypto

jr. member

Activity: 36

Merit: 4

Quote from: Rufsilf on October 31, 2019, 09:28:39 PM

Quote from: DeathProxy on October 31, 2019, 04:20:07 PM

These tools have been effective in helping traders make headway in crypto trading and help traders to maximise profit. But i still think that one of the most important tool a traders need is its instinct and the its ability to stay of greed and resist greed while trading. Greed is one thing that makes traders loose funds while trading, if a trader can tame greed then the trader can maximize profit from crypto trading

Greed is already a part of our life, not to mention that person don't have cause he/she have it already but only in the other way.
Being in trading it is important to know our capabilities and to know also where could find a way to help us to be more profitable in this field. Yes, it takes time to develop and change our mindset into a positive. We can't just simply put our money at risk without having assurance for returns and using charts and trading signal is a helpful thing to acquired.

I actually wrote a piece about that as well on Steemit: https://steemit.com/cryptocurrency/@wickcrypto/an-emotional-guide-to-crypto-trading-why-paper-trading-is-useless

The beautiful part is that for advanced traders, they do not only master their own emotions. No. They also understand the emotions of others. It's precisely these emotions that make them understand which direction an asset is going. Greed will start as a negative and dangerous emotion for you while trading. But in the end it's the understanding about greed that will make a trader profitable and help to predict what others will do.

Rufsilf

sr. member

Activity: 1722

Merit: 309

Quote from: DeathProxy on October 31, 2019, 04:20:07 PM

These tools have been effective in helping traders make headway in crypto trading and help traders to maximise profit. But i still think that one of the most important tool a traders need is its instinct and the its ability to stay of greed and resist greed while trading. Greed is one thing that makes traders loose funds while trading, if a trader can tame greed then the trader can maximize profit from crypto trading

Greed is already a part of our life, not to mention that person don't have cause he/she have it already but only in the other way.
Being in trading it is important to know our capabilities and to know also where could find a way to help us to be more profitable in this field. Yes, it takes time to develop and change our mindset into a positive. We can't just simply put our money at risk without having assurance for returns and using charts and trading signal is a helpful thing to acquired.

DeathProxy

sr. member

Activity: 756

Merit: 251

World's First Crowd Owned Cryptocurrency Exchange

These tools have been effective in helping traders make headway in crypto trading and help traders to maximise profit. But i still think that one of the most important tool a traders need is its instinct and the its ability to stay of greed and resist greed while trading. Greed is one thing that makes traders loose funds while trading, if a trader can tame greed then the trader can maximize profit from crypto trading

Distinctin

hero member

Activity: 2772

Merit: 645

No dream is too big and no dreamer is too small

Quote from: Innocant on October 23, 2019, 11:38:00 PM

Maybe it was a good idea have some tools for trading, But some trader not using on that tool you mention and it was only you can do that tools. And if have some trader can use that maybe it will be useful for him. And for ill have some ways on how trade in the market i know we are have some different ways on how to trade and i trust your tool you have man.

Yes, everyone has differences and the strategical way of trading but there is something in common tools that they've been used just like using charts and signals which I supposed to used also. Other than that, I don't think it was useful to everyone and I don't think that it gives interest especially for old traders as it most likely they will be using genuine market strategy.

crisanto01

sr. member

Activity: 644

Merit: 253

Quote from: WickCrypto on October 24, 2019, 11:55:57 PM

Quote from: debitel on October 18, 2019, 10:01:55 AM

Quote from: WickCrypto on September 30, 2019, 02:36:27 AM

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a

Let me know what you think, and if there's something else I should try.

Cryptopanic is definitely one of the best sources to track abundance of information and Tensor charts is one of the best for tracking charts. Found a platform (free tier avaiable) with nice array of tools, what do you think? https://newscrypto.io/

Thanks for sharing, I had a look at the website you mentioned. To be honest with you, there's a lot of words, but almost no information. I found it very difficult to extract what it is EXACTLY that they will be doing, or how it's going to help me. I have mainly just seen a lot of marketing. I guess I'll have to wait until it actually launches?

Although, there are tools for trading, still this does not guarantee a profit at all, there are still some factors to consider such as fundamental analysis, wherein we should check their activity, what is the progress on their coin, and some technical analysis, where we should not just based on one confirmation but check other types too.

WickCrypto

jr. member

Activity: 36

Merit: 4

Quote from: debitel on October 18, 2019, 10:01:55 AM

Quote from: WickCrypto on September 30, 2019, 02:36:27 AM

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a

Let me know what you think, and if there's something else I should try.

Cryptopanic is definitely one of the best sources to track abundance of information and Tensor charts is one of the best for tracking charts. Found a platform (free tier avaiable) with nice array of tools, what do you think? https://newscrypto.io/

Thanks for sharing, I had a look at the website you mentioned. To be honest with you, there's a lot of words, but almost no information. I found it very difficult to extract what it is EXACTLY that they will be doing, or how it's going to help me. I have mainly just seen a lot of marketing. I guess I'll have to wait until it actually launches?

Innocant

sr. member

Activity: 1414

Merit: 260

Maybe it was a good idea have some tools for trading, But some trader not using on that tool you mention and it was only you can do that tools. And if have some trader can use that maybe it will be useful for him. And for ill have some ways on how trade in the market i know we are have some different ways on how to trade and i trust your tool you have man.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

I've heard a lot about cryptopanic but I havent tested or used it yet. A lot of good feedback about that site. What I do is follow someone from twitter, but not everyone, only those who gives good tips and shares good and reasonable technical analysis with graphs and charts. If they are just shouting Bitcoin will drop to $5,000 USD without further explanation, I ignore them.

bcoinseliot

newbie

Activity: 66

Merit: 0

Thank you for sharing this piece of information! This is very useful, and I hope other traders will find it helpful for themselves and use in their trading.
Also, I would like to add a couple of words from myself regarding trading tools. For myself, I explored info bots, and use in my trading routines CoinMarketCap and CEX Info https://t.me/CexIoInfoBot bots which are available on Telegram. I use them as an addition while researching, and I like how they work - monitor the market changes and inform about the latest price movements.

Apened

hero member

Activity: 1386

Merit: 504

Quote from: WickCrypto on September 30, 2019, 02:36:27 AM

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a

Let me know what you think, and if there's something else I should try.

I didn't know the other sites this is very helpful.
Well i only use tradingview to chart however in terms on tools i am not putting many plain basic and simple is already good. It depends on every trader how they will use the tools provided in trading. Tools is just a guide agood trading olan will be the best way to be a successful trader.

Obito

sr. member

Activity: 1274

Merit: 293

Quote from: WickCrypto on September 30, 2019, 02:36:27 AM

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Let me know what you think, and if there's something else I should try.

Not a tool but a powerful key for much more stable trading. Planning which I guess you already did, but if you haven't must include do some testing try it for a little amount a while then proceed to plan. Treat trading us a professional business and never ever let emotion swallow you because if you successfully did this part I guess you're quite bit in right path towards somehow successful yet stable trading. Notify yourself when to stop so you must not be overdoing things specially if something went wrong that you want to regain it badly.

Topic: Tools to improve your trading (Read 824 times)