TOP 10 GOLDEN TRADING TIPS - page 2.

covfefe_

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Quote from: homhay on June 11, 2020, 09:24:30 AM

when the crypto market is not stable as it is today we are required to be very patient because it is the main capital to get greater profits in cryptocurrency investments.

Non stable market is a good time for traders to make a profit but for that you should plan ahead rather than making quick decisions.
Utilize the stability of stable coins if you want to play safe while making money. The so called pump signal groups are all scam which makes profit from it's own paying members.

homhay

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when the crypto market is not stable as it is today we are required to be very patient because it is the main capital to get greater profits in cryptocurrency investments.

gantez

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Quote from: StephenJH on June 10, 2020, 05:40:01 PM

Trading tips are there for new traders but professional traders are called professional because they know when and where to break the red lines aka trading tips. Borrowing money is always a risky decision but think it like an alternative version of leverage but without margin call Wink

And sometimes traders say don't borrow money to trade as trading tips but are there no people who borrow money in the bank to establish a business, a company and later repay or run into problem because the business didn't yield profit?

Is not far from borrowing money to trade, skilled trader is likely to grow the loan while a newbie can run into debt too.

Karartma1

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

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

Even 15%/day is already too much. If that's the case, combined with previous low volumes, then it's P&D for sure.
Good list but I wonder how many will apply these very logical tips.

clickerz

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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.

I agree not to trade if you are too happy or sad Emotions affects decision making that will lead to an unfavorable decision later on. Better also to allot time to study trading, this will help a lot.

minairia3

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For normal spot trading determining where to buy low and sell high these are ideals. But if you are gonna experience an advance trading like futures and margin these suggestions would not help you at all.

Leverage trading is far from begginers luck and money is really staked high and very risky. The best advice I could impart is study hard the technical aspect of marlet movement, have some knoweldge on indicator, which one to use at particular time, and of course how to manage yoirself from greediness when profit is hit.

bakasabo

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I would suggest never to buy or sell at once 100% of altcoin you are holding. Sell or buy in batches. It is hard to predict where the price goes next second. So instead of doing a trade for 100% of your holding, make a move and wait a bit. The price could change in a more profitable direction. This will save trader from pump and dumps.

ethereumhunter

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The tips are good for people who learn trading so they will always remember what they should do and don't. They can apply the tips in their trading time, so they trade with better, and they will have the opportunity to make a profit. However, we need to add self-control in your tips so people can realize that self-control will be the important thing in trading, especially if you see that you already make a profit so you can close your trading with the profit. Many people will forget about that, and that prevents them from getting the profit while they can.

joshua123

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

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.

These are nice tips. You forgot to mention that invest money only you can afford to lose which is highly known statement for trading. Many of what you said are true, especially on fomo but even its not 50% we must not ride with this as the tendency of the whales is to crash those who love to buy late. You will suddenly get shock to see that the price is easily going down. Learn to read market is also good advise but this sometime is not effective when whales are busy playing over with the bulk orders.

cunguks

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Quote from: Yudhisthir on June 10, 2020, 09:50:20 PM

You just spoke my mind and presented it in a better way than I could. I have similar conclusion with my long term trading experience.
Any new traders should seriously take these tips in consideration. And specially you should not rush into a trade decision consulting just one source.
At least try to verify the remarks and cross check it on different platforms as well this forum. Anything that seems to be too good to be true are mostly scam in the making.

with these tips can make us learn a little bit of knowledge in crypto trading. it all depends on how we try to implement it and get benefits. all will not be easy, but at least we can anticipate based on the tips provided.

batang_bitcoin

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Thank you for those tips and they are actually helpful. The #6 is where most of the people are having difficulty in deciding.
When you have had enough already and it's a profit, don't be too greedy of hoping to have more of it. That's where the disaster starts, you'll get to want more of profit but instead of it, the opposite happens and the profit you made will start to get down and you'll eventually lose it because you didn't sell.

Yudhisthir

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You just spoke my mind and presented it in a better way than I could. I have similar conclusion with my long term trading experience.
Any new traders should seriously take these tips in consideration. And specially you should not rush into a trade decision consulting just one source.
At least try to verify the remarks and cross check it on different platforms as well this forum. Anything that seems to be too good to be true are mostly scam in the making.

jrrsparkles

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Recently I read an interesting fact about day traders and normal traders. Day traders claims that they are making atleast 1% returns at the end of the day but if this is true then day traders could be more rich than Warren Buffett but its not how the things really works,we esrn but we lose as well in day trading so don't jump in too quickly into day trading because even experienced traders can go bankrupt.So choose the safe trading method and pairs.

DarkDays

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Good tips here, I'd also like to add;

1. Use a stop loss EVERY time. No matter how bullish you think the market is, there is always a chance that it could collapse. So stay safe.
2. Don't invest on platforms with low liquidity, even if they do offer markets that are not available anywhere else. The odds of getting rekt by scam wicks is high.
3. Stay away from leverage and margin trading until you really understand the market, and even then keep it as low as possible.

retnoanjani

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

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6. Know when and how to exit your trades , don't be too greedy but be satisfied with your profit.
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A good trader knows to choose the right coins at the right time. To be able to do that requires seriousness, extensive knowledge, and confidence in analyzing the market. Knowing the fundamental factors that support, then do technical analysis to determine the right timing, the minimum limit of good entry, stop loss, and take profit. See? trading is not like gambling that only relies on luck. But it really requires skill and seriousness. If we don't prepare this well then we won't get the right timing.

StephenJH

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No more Rekt and Bust

Trading tips are there for new traders but professional traders are called professional because they know when and where to break the red lines aka trading tips. Borrowing money is always a risky decision but think it like an alternative version of leverage but without margin call Wink

Deeshawn

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Thanks for sharing this, I will love to become a trader in the nearest future as am currently working on myself, am done writing down this tips, so as to keep using them when I finally started trading. This post will also be of great help to other newbies planing to become a professional trader.

sana54210

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These seem like modified trading tips with respect to crypto trading. There could be at least 100 more golden tips available even in this forum because to trade profitably we must need lots of aspects to be considered and strictly followed. When we miss some of them then losses become inevitable. I am a crypto trader and I learned most of tips you have mentioned on my own which means I have paid some fee for almost all the tips to learn out of my own experiences.

Crypto trading probably do not need all the above tips if it is planned on highly reputed coins like bitcoins and etehreum for long term targets. Yes, most tips are necessary only if you look for catching short term fluctuations. I am sure for a long term trader there would be no need of any big number of tips as they are not actively doing anything. This is the reason many people never agree that long term holding as type of trading Roll Eyes

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serjent05

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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.

tycsols

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BountyMarketCap

If someone is new and is passionate about trading then he should first get all the knowledge related to trading alongwith how to read the charts and candlestick patterns and draw trend lines and breakout patterns and then finally learn to trade either with very small funds or with demo funds for few months before starting their trading career because most people make loss while trading the market so it is risky and all new people should know that before starting.

Topic: TOP 10 GOLDEN TRADING TIPS - page 2. (Read 632 times)