TOP 10 GOLDEN TRADING TIPS | Bitcointalksearch.org

TanakabZX

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Activity: 504

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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

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Activity: 1372

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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]

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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

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Activity: 1176

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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

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Activity: 910

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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

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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

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Activity: 2828

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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

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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

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Activity: 491

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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

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Activity: 542

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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

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Activity: 336

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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

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Activity: 504

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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

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Activity: 2660

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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

.

Marble777

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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

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Activity: 1582

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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.

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.

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

legendary

Activity: 2310

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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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Backed.Finance

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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Activity: 1498

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Vave.com - Crypto Casino

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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Leading Crypto Sports Betting & Casino Platform

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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Activity: 3080

Merit: 603

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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Activity: 2520

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Hire Bitcointalk Camp. Manager @ r7promotions.com

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

legendary

Activity: 2030

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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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Activity: 630

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

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

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

hero member

Activity: 1470

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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

jr. member

Activity: 221

Merit: 1

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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Activity: 3318

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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

.

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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Activity: 812

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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.

doctor877

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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.

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