TOP 10 GOLDEN TRADING TIPS | Bitcointalksearch.org

TanakabZX

member

Activity: 504

Merit: 16

Quote from: doctor877 on June 10, 2020, 03:44:40 PM

1. Never borrow money to trade or trade with money you can't afford to lose.

2. Always research your own coin.

3. Be patient when trading and don't jump from one trade to another.

4. Try to avoid low Satoshi coin except for those that have a high percentage but undervalued.

5. Watch a newly listed coin for price stability before you start trading it.

6. Know when and how to exit your trades , don't be too greedy but be satisfied with your profit.

7. Trading everyday is not compulsory. You only need to trade when the set up is right and the condition are fulfilled.

8. Always check for news and stay updated but don't jump at it.

9. Don't FOMO to trade a coin that has already gone 50% above.

10. Focus on self development, avoid paid groups and signal calls. They do more harm than good.

I believe this tips will help someone to take the right steps and change their approach towards trading. Feel free to add any point that could be of help. Thank you.

It's like taking loans to invest in coins or trade with loan money, that can put you in debt for the rest of your life, trading is more like gambling and there is no way you won't lose, better gamble with what you can afford to lose

Kotone

hero member

Activity: 1372

Merit: 503

Quote from: Lizzylove1 on June 11, 2020, 03:09:57 PM

Trading requires high level of patient and discipline. I bought some bolt with some spare cash, because of some fundamentals. It kept going down for 3weeks until it suddenly did 300% and just took some profit. Pick some coins with future and trade them.

Trust and some pixie dust will help some trader if they have 100% faith on the project they have been invested. Patience is not an easy attribute which any trader could mustered. Anything involved money can likely reject your discipline cause you are worried whether the funds you placed will have some fruitful result or worse will end up zero.

Nice suggestion for reminding most people on trading industry.

[email protected]

full member

Activity: 1120

Merit: 101

Quote from: coinsycrip09 on June 16, 2020, 09:33:27 PM

yup! i a gree with you.
we really have to do everything you say.

in essence, we must always believe in ourselves and use our own funds, do not stop to continue to learn from past mistakes and the most important point as well as the point that is very difficult to do is to remain patient.

do not be afraid to lose in learning to trade crypto. by trying to research more deeply the project and market of an asset, you can find out more about trading strategies. because the character of each asset has a difference in the market. In the first step, you can try arbitration before trying to trade more complicated in an exchange.

patz22

full member

Activity: 1176

Merit: 104

These are very helpful tips for me, especially, #9, when I started trading, I always have that emotion when I see something that is in green, I am very hopeful that it would go up without checking the volume, charts, and other factors and I ended up losing so I made sure to always search for the tokens that I see that have high potential before buying them, is it for long or short term? that's the question that I always ask myself.

coinsycrip09

full member

Activity: 910

Merit: 100

yup! i a gree with you.
we really have to do everything you say.

in essence, we must always believe in ourselves and use our own funds, do not stop to continue to learn from past mistakes and the most important point as well as the point that is very difficult to do is to remain patient.

Moeda

sr. member

Activity: 1587

Merit: 271

Enterapp Pre-Sale Live

Quote from: doctor877 on June 10, 2020, 03:44:40 PM

1. Never borrow money to trade or trade with money you can't afford to lose.

2. Always research your own coin.

3. Be patient when trading and don't jump from one trade to another.

4. Try to avoid low Satoshi coin except for those that have a high percentage but undervalued.

5. Watch a newly listed coin for price stability before you start trading it.

6. Know when and how to exit your trades , don't be too greedy but be satisfied with your profit.

7. Trading everyday is not compulsory. You only need to trade when the set up is right and the condition are fulfilled.

8. Always check for news and stay updated but don't jump at it.

9. Don't FOMO to trade a coin that has already gone 50% above.

10. Focus on self development, avoid paid groups and signal calls. They do more harm than good.

I believe this tips will help someone to take the right steps and change their approach towards trading. Feel free to add any point that could be of help. Thank you.

Thank you for the tips you gave. But trading is the most risky thing if we become daily traders. I think we should be able to hold on when coin prices drop. This means that the money we use to trade is really not needed for other needs. If the money is needed to another, the risk you have to sell your coins even though the price is drops.

Yamifoud

hero member

Activity: 2828

Merit: 518

You have already the list that could help traders especially for newcomers to guide them but the challenge in this is the consistency of doing all the things. Believe me, it can't perfectly perform especially when we are an emotional trader. I see difficulties in this kind of trader and most of them had suffered losses and get into FOMOing which certainly affects their trades and brought them into a worst-case scenario.
That is why, if we are planning to trade, we make sure that we are willing and ready to take the risk otherwise, we end up losing.

HunterUnchained

jr. member

Activity: 182

Merit: 1

I should add, never trade under pressure or distress and always trade when you are completely certain of the line of movement of that particular trade call or signal. That is to say, you must have a great sense of confidence in a particular trade before making the trade. There is every certainty that a trade made under pressure will lead to a loss. Always relax and feel free when making a trade and without doubts.

tbterryboy

sr. member

Activity: 2030

Merit: 323

Why you limited yourself only with 10 trading tips because there could be another 20 or 50 trading tips also possible if we experience on real-time market fluctuations lol. Anyway thanks a lot for taking time to share trading tips. I believe these will be useful for everyone even they are already aware of these tips. Yes, even we all know these tips and coming across such a suggestion more frequently, we do see to apply them while trading. Because, market fluctuations not letting as to think about being safer by following these tips.

So, frequently learning and remembering such tips will help any trader to avoid unnecessary problems while trading. Honestly I do form many tips for this community while trading but unfortunately I do forget all of them once I finish off my trading and also I could not find time to make them noted while trading; otherwise I could have come up such a topic to help this community with my own tips Wink

.

103deltafox

full member

Activity: 491

Merit: 100

Wow! Good points, very explanatory, one major thing I have learnt not to do, is to buy a coin because everyone is buying, I try to do my research and see if there is actually a reason for me to buy.Also it's good to have patience as a trader else you will keep loosing or selling at loss. Patience matters a lot.

beveryu778

full member

Activity: 542

Merit: 119

Hello World 👽

Quote from: doctor877 on June 10, 2020, 03:44:40 PM

1. Never borrow money to trade or trade with money you can't afford to lose.

2. Always research your own coin.

3. Be patient when trading and don't jump from one trade to another.

4. Try to avoid low Satoshi coin except for those that have a high percentage but undervalued.

5. Watch a newly listed coin for price stability before you start trading it.

6. Know when and how to exit your trades , don't be too greedy but be satisfied with your profit.

7. Trading everyday is not compulsory. You only need to trade when the set up is right and the condition are fulfilled.

8. Always check for news and stay updated but don't jump at it.

9. Don't FOMO to trade a coin that has already gone 50% above.

10. Focus on self development, avoid paid groups and signal calls. They do more harm than good.

I believe these tips will help someone to take the right steps and change their approach towards trading. Feel free to add any point that could be of help. Thank you.

I do agree with these statements, you almost cover each and every point which is so important while trading. Because most of the newbies would start trading without looking into it and sooner they will get collapse by losing the money. Because of your golden tips, many would get a good start to trade.

Franco772

full member

Activity: 336

Merit: 100

Yes, good advice, especially for beginners. But I don't understand why you recommend avoiding a coin with low satoshi? What's the logic?

MuhNofa

member

Activity: 504

Merit: 11

Quote from: doctor877 on June 10, 2020, 03:44:40 PM

1. Never borrow money to trade or trade with money you can't afford to lose.

2. Always research your own coin.

3. Be patient when trading and don't jump from one trade to another.

4. Try to avoid low Satoshi coin except for those that have a high percentage but undervalued.

5. Watch a newly listed coin for price stability before you start trading it.

6. Know when and how to exit your trades , don't be too greedy but be satisfied with your profit.

7. Trading everyday is not compulsory. You only need to trade when the set up is right and the condition are fulfilled.

8. Always check for news and stay updated but don't jump at it.

9. Don't FOMO to trade a coin that has already gone 50% above.

10. Focus on self development, avoid paid groups and signal calls. They do more harm than good.

I believe this tips will help someone to take the right steps and change their approach towards trading. Feel free to add any point that could be of help. Thank you.

I think from these 10 tips you are very helpful and could be a help for someone who will start trading, but I think trading is a very addictive or intoxicating thing for us, without realizing I myself have never experienced it we sometimes will still be tempted with the nominal whose tip will bring us down.

oscarftw

sr. member

Activity: 573

Merit: 250

Quote from: doctor877 on June 10, 2020, 03:44:40 PM

1. Never borrow money to trade or trade with money you can't afford to lose.

2. Always research your own coin.

3. Be patient when trading and don't jump from one trade to another.

4. Try to avoid low Satoshi coin except for those that have a high percentage but undervalued.

5. Watch a newly listed coin for price stability before you start trading it.

6. Know when and how to exit your trades , don't be too greedy but be satisfied with your profit.

7. Trading everyday is not compulsory. You only need to trade when the set up is right and the condition are fulfilled.

8. Always check for news and stay updated but don't jump at it.

9. Don't FOMO to trade a coin that has already gone 50% above.

10. Focus on self development, avoid paid groups and signal calls. They do more harm than good.

I believe this tips will help someone to take the right steps and change their approach towards trading. Feel free to add any point that could be of help. Thank you.

In the current market situation, you should move one coin to another. One coin price is on the moon. You can't trade with this coin because anytime this coin can crash this coin. I would also like to suggest to everyone, don't borrow money to trade. As a hold advice, for trading buy low at any coin price. You can buy anything from the top which is stuck in a box for a long time.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

I know a lot of people that don’t even research the coins they are buying. They just buy coins based on rumors they hear about them. The next thing they are already investing and buying up lots of coins to the extent they can’t even have an eye on the coins they bought and know what’s really trending with them. It’s important to buy few good coins and continue doing research on them , you never when things may. One or two good coins is better than hundred that are just trash.

In the case of taking loans for trading, there are people who think that they are good and can borrow money and make money. Everyone and their own ways, but that’s the last thing on my mind. Wouldn’t try Undecided

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Marble777

member

Activity: 736

Merit: 11

yes, I like some of your tips especially for ordinary people to start trading by prioritizing not using money that you cannot afford to lose. often people lose money in trading because they don't monitor their own coins or lose the opportunity to sell when prices are high.

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

Trading requires high level of patient and discipline. I bought some bolt with some spare cash, because of some fundamentals. It kept going down for 3weeks until it suddenly did 300% and just took some profit. Pick some coins with future and trade them.

JasmineRose

full member

Activity: 630

Merit: 118

thank you sir, that so helpful for me.
i am old in here by 2016 until now, but i always afrad to start trade and just hold all my coin.
when i see your post about tips to trade i think i will try to start trading, hope it success.

Pumuckel21

sr. member

Activity: 868

Merit: 251

Empowering crypto w/ sustainable energy

Very good rules - I like them! Especially that you should always check for news and stay updated but don't jump at it. This is especially important when trading cryptos. A good way to be informed are the telegram and discord channels of each project.

pragna

full member

Activity: 1582

Merit: 101

Quote from: serjent05 on June 10, 2020, 04:40:47 PM

There is another one, don't trade while your drunk. Trading while your drunk may affect your decision making. Or may cause you to have a "fat" finger.

And another one, don't trade when you're too emotional. The same thing, emotion often intervene with our rationality. This might be futile.

Correct. Trading is always very technical matter so a trader must have to be cool and clear minded before trading. Here drunk is strictly prohibited. Here 10 suggestions is very essential for all traders specially for newbies in trading i think and i must say before any invest read, read and read details about that coin. You will succeed.

thanks.

Topic: TOP 10 GOLDEN TRADING TIPS (Read 622 times)