Trade with caution - page 4. | Bitcointalksearch.org

KingsDen

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Quote from: YOSHIE on July 11, 2023, 11:06:47 AM

Crypto trading is not the same as trading vegetables, crypto trading if it is not based on knowledge and learning all of it will be in vain, messy, everything that has to be done must be really mature in action, to make good profits.

I have to agree with this. Crypto trading is not all about being able to trade and make profit. Even if you are a good trader on the spot or short run, if you are not disciplined, patient and maybe able to control your emotion, you will be loosing on the long run.
Crypto trading is not just like other forms of trading. It requires calmness and alot of concentrations in order to make profits consistently.
A good trader needs to understand that they don't need to trade every time. You trade only when you see what sign you are looking out for in the market.

YOSHIE

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Of course trading in the crypto market must be careful and continuity is important and a must, everyone who is engaged in trading is conscientious, understand and pay attention to the graph of the type of crypto you want to trade, because each type of crypto has a different direction.

Crypto trading is not the same as trading vegetables, crypto trading if it is not based on knowledge and learning all of it will be in vain, messy, everything that has to be done must be really mature in action, to make good profits.

Litzki1990

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Those who are new to trading must understand that trading is never meant to be held for a long period of time. If you feel that you have made enough profit by trading then you should sell your trading. In the case of some traders, after buying a coin, they gain a certain amount of money, but they think that the market may go higher, so even if they make enough profit, they do not sell their coins, which results in a time when the market again goes up. When they go down, they suffer a lot and sit for a long time waiting for the market to go up again, but this should not be done at all. If you make some profit, you should sell your trade and wait for the market to turn low again.

Adbitco

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How do you put a knowledge that you have never experienced to write to people over here?
I think your experience would had work better than using what others says in the forum. If you are a trader then you will understand that bitcoin trading and investment is not the same they may looks similar but not quantifiable.
When talking of trading, it all depends on the kind of trading you are referring to but as much as I know investment is more secure than trading. For example trading on binary options are more deadly which requires maximum concentration, devotion and being focused.

Desscount

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Quote from: Sebas.tian on July 11, 2023, 12:09:07 AM

Quote from: Riginac111

3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

Know when to trade your Bitcoin are very important as a trader, because it can help you to experience some positive changes in you profits if you will be able to notice some signs that involve when the price is high in the market. And it will be profitable if you as a trader can understand when to buy and hold before trading because if you buy when the price is high in the market, it will not allow you to make a good profits, because you didn't buy when the price is low in the market which is very important to every cryptocurrency traders to learn in the community. Don't continue holding when it's time to trade and make a passive profits because it can lead you to regret in future which is not advisable as a newbies.

Basically trading is so complicated because there are many things that need attention,
trading coins is not random and we have to know when to buy and sell,
With the crypto market that has high volatility, that's what makes us profit, but there will always be risks.

Sebas.tian

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Quote from: Riginac111

3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

Know when to trade your Bitcoin are very important as a trader, because it can help you to experience some positive changes in you profits if you will be able to notice some signs that involve when the price is high in the market. And it will be profitable if you as a trader can understand when to buy and hold before trading because if you buy when the price is high in the market, it will not allow you to make a good profits, because you didn't buy when the price is low in the market which is very important to every cryptocurrency traders to learn in the community. Don't continue holding when it's time to trade and make a passive profits because it can lead you to regret in future which is not advisable as a newbies.

bitgolden

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Quote from: Games.Bitcoin on July 10, 2023, 06:01:50 AM

Before starting any job, one should know about the job well. It must be viewed with caution while engaging in trading or investing. Financial markets are simply unpredictable and risk is present at every turn. Before investing you must educate yourself and do thorough research to understand the potential risks and then invest. I think it is natural that there is always risk in trading.

The risks of trading without knowing much about how to trade is the biggest threat in the crypto market nowadays. Too many people end up not knowing what to do and how to make a profit and that causes a lot of people to have a ton of mistakes eventually.

The best thing about bitcoin is that if you know what you are doing then you can make a profit and it would be lovely for everyone but if you are not careful then you are going to end up with a lot of loss at the same time as well. I am not saying that we are going to end up with a profit at all times if we know what we are doing and careful, but at the very least we are not going to lose as much as people who are greedy and just trade to make as much profit as they can, while not being careful.

rby

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Quote from: michellee on July 08, 2023, 08:49:38 AM

Investing and trading are two different things. Investment is that you buy Bitcoin and keep it until the time comes to sell it. While trading is that you buy at low prices and sell at high prices and you do it continuously.

I would have scrolled pass but I have seen many people use similar words trying to differentiate between trading and investment. The amount of time taken to withdraw your coins is not the only or major factor to differentiate between trading and investment.
I mean I can buy a coin today @ $2.5 and decides to withdraw when the price clicks $5. If this happens within 12 hrs and I make withdrawals, are you gonna call me a day trader?
My emphasis is that a day trader obviously benefits from price volatility in a short time. Even someone who isn't a day trader shouldn't wait for a certain duration to withdraw in order to answer an investor. Whether you are a trader or not, in as much as you buy cryptocurrency, allow it to appreciate and you take profit, you are a crypto investor.

Quote from: Ricardo11 on July 10, 2023, 09:20:44 AM

It is important to exercise caution while trading. Because trading is risky. We must trade with caution here. If we are careful while trading, it will help us to make the right decision. And being careful will reduce the risk of trading somewhat. As a result we will be able to profit from trading. So trade carefully.

Carefulness is not all that is needed. No matter how careful you are, if you don't know how to trade, you will lose your money. First know how to trade, then carefulness, patience and the rest will come in.

Beparanf

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Quote from: omgitsmehehe on July 10, 2023, 03:41:56 PM

Quote from: Ricardo11 on July 10, 2023, 09:20:44 AM

It is important to exercise caution while trading. Because trading is risky. We must trade with caution here. If we are careful while trading, it will help us to make the right decision. And being careful will reduce the risk of trading somewhat. As a result we will be able to profit from trading. So trade carefully.

We are the ones that would be able to give the best advices to ourselves, because we know ourselves more than any other individuals, we know what we can take in and out. Before trading, I've already know how much I'm willing to lose and gain, my risk management do saved me from liquidation and trades hitting my stop loss. Trading is risky, we ought to take preventive measures whenever we're engaging in trading. We should apply the trading strategy that suits our pattern, rather than following the trends, price actions works.

Giving advice to ourselves is the worst idea you can do. We have our own hard headed way which affects our decision making. We have our own thoughts and experience that makes our own advice is very limited to our current status right now. There will be no improvement if the advice is coming from your own knowledge.

Asking professionals or read books from successful people on trading is the best thing to do for improvement of your trading rather than relying on your own knowledge.

omgitsmehehe

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Quote from: Ricardo11 on July 10, 2023, 09:20:44 AM

It is important to exercise caution while trading. Because trading is risky. We must trade with caution here. If we are careful while trading, it will help us to make the right decision. And being careful will reduce the risk of trading somewhat. As a result we will be able to profit from trading. So trade carefully.

We are the ones that would be able to give the best advices to ourselves, because we know ourselves more than any other individuals, we know what we can take in and out. Before trading, I've already know how much I'm willing to lose and gain, my risk management do saved me from liquidation and trades hitting my stop loss. Trading is risky, we ought to take preventive measures whenever we're engaging in trading. We should apply the trading strategy that suits our pattern, rather than following the trends, price actions works.

irhact

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Quote from: Bitcoin_people on July 10, 2023, 04:55:23 AM

Trading is a risky business where greedy people often face losses. Trading is not as simple as it sounds, there are many tricks hidden in it which if not known will result in 100% loss. Investing is easier than trading because the investment is held for a long period of time in a permanent way until the profit comes.

I'll choose investing instead of risking losing my money from trading. Many individuals think trading is easier to learn since you don't need to do researches on the project but only trade and all project but good and bad can be traded on. For example we have those trading memecoins and profiting yet we discourage people from investing in memecoins. Also because of lack of patience to hold, many newbies are choosing trading over investing.

Trading is riskier than investing and inexperienced individual shoudn't try it as those who are inexperienced will always lose. One reason for this is because so many individuals rush into trading, they don't learn the skills perfectly before they start practicing it on live account.

jaberwock

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Quote from: Learn Bitcoin on July 08, 2023, 08:47:18 PM

Quote from: Riginac111 on July 08, 2023, 05:18:03 AM

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Investing in Bitcoin and trading are different. Investors have some specific target/goal. Some investors invest for the long term, and others invest for the short term. If you are new to the Bitcoin market, take time and read. If you are investing in Bitcoin for the long term, you only want to know how to secure your wallet and not fall for scams. You are here in Bitcointalk means you already know how Bitcoin works, and I believe you have a wallet and you have used Bitcoin before.

I don't know how experienced you are. But whenever I see newbies write suggestions, I feel interested to know what you've got there because some newbies wrote tips before that are below standard. The topic you wrote about has already been discussed several times.

Each traders do also have their own goals. If investing has a short and long term then trading also has it. Investors usually go for the long term because if not then they will just do trading. There are lots of things to know as a long-term investor not just knowing how to secure our wallet. Not all who joins Bitcointalk do already have an experience in Bitcoining but some are just a newbie. OP's rank shows as a newbie but if you check his profile, his registered date was 2022.

I guess I won't consider him as a total noob but he isn't only active in the forum for him to rank up his account. he has a good intention but indeed, it would be better if they will make a research first if the same topic already exist.

ZAINmalik75

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Quote from: Riginac111 on July 08, 2023, 05:18:03 AM

1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading
2rd, inability to know price of bitcoin ratio and stage before investing
3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

You mentioned some good points there, but these are not enough, to trade in BTC or in any ALTs, you first have to calculate your profit over the risk you are taking on your capital investment. Because, it is not wise to take huge risk on small profit. And keep in mind that, there is no secret behind trading because trading is full of expected and unexpected events.

So, how can one or two secrets could be helpful in crypto trading? You must have a knowledge of Fundamental and Technical Analysis to be successful in crypto trading. And i totally agree with Greed factor which urge many traders to wait more to gain more profit even when the market is on its peak. I know there is not a single indicators which could tell the peek of market in 100%.

But, a little knowledge and common sense also do the work. And one can easily know when to book and when to not. This term "Greed" is a market sentimental term which consists of other terms like FOMO, FUD etc. So, keeping an eye on all other factors is also important.

TheSpiral

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Quote from: Yamifoud on July 10, 2023, 10:05:28 AM

But, it was not just we need knowledge, we also need to control our emotions and manage to be more patient as this is very important in a trading job.

Knowledge is necessary for choosing best coin and right time to buy coin but still it will not guarantee you profit because crypto market is very unpredictable and market can be pump or dump and we have control emotion and don't sell in panics. This is the reason new trader have been given suggestions to start practical trading from low amount to get experience of emotion control. Patient is also necessary because sometimes we have to wait long for a coin to start rising or recovering.

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Quote from: Games.Bitcoin on July 10, 2023, 06:01:50 AM

Before starting any job, one should know about the job well. It must be viewed with caution while engaging in trading or investing. Financial markets are simply unpredictable and risk is present at every turn. Before investing you must educate yourself and do thorough research to understand the potential risks and then invest. I think it is natural that there is always risk in trading.

Indeed, it was necessary to have the full knowledge into something that we have to work with most especially in trading due to it is not just a simple task to be done. We can't underestimate the market as it moves unpredictably making us lose if we are not careful. Act with caution - that was really the best thing to do otherwise, we can be like those people who suffered big losses because of making wrong decisions.

But, it was not just we need knowledge, we also need to control our emotions and manage to be more patient as this is very important in a trading job.

Ricardo11

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It is important to exercise caution while trading. Because trading is risky. We must trade with caution here. If we are careful while trading, it will help us to make the right decision. And being careful will reduce the risk of trading somewhat. As a result we will be able to profit from trading. So trade carefully.

Games.Bitcoin

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Before starting any job, one should know about the job well. It must be viewed with caution while engaging in trading or investing. Financial markets are simply unpredictable and risk is present at every turn. Before investing you must educate yourself and do thorough research to understand the potential risks and then invest. I think it is natural that there is always risk in trading.

Bitcoin_people

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Trading is a risky business where greedy people often face losses. Trading is not as simple as it sounds, there are many tricks hidden in it which if not known will result in 100% loss. Investing is easier than trading because the investment is held for a long period of time in a permanent way until the profit comes. But in the case of trading, it is not possible to profit by trading if you don't know the strategy about the different chart of the market. A new trader should have enough ideas when he thinks about earning by trading. It is possible to make substantial profits by trading if one has a good understanding of the market and avoids losses. Otherwise trading without following different directions in the market must be risky and losses are normal.

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Quote from: goaldigger on July 08, 2023, 05:06:53 PM

This has been discussed many times and yes we should not trade too much especially if you are still now capable to do so. Trading will always require and accurate analysis and you should have this first before you execute your trade, it you are not that confident better no to trade big yet. Learn everything, exert more effort and be more patient, trading also deals with your emotion so make sure to know how to control it as well.

Analysis may not always be accurate but you have to be identify the trend and place your trade according to that trend. Don't assume that what people say about prediction is hard and fast, rarely they come correct and you would better off not listening to those.

A lot of things in trading can be learnt from dummy trading on paper. This should be done my every trader in their beginner days and even in veteran stage. Keeping logs and tracking orders from them is a good habit and gives you a better sense of control over assets.

This takes time to learn and making mistakes on the way is just the process not the end.

RockBell

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Quote from: Johnyz on July 08, 2023, 05:30:34 PM

A good trader knows how to timing the market, and there's no need to trade everyday because this will depend on your strategy.
The most important thing to have as a trader is your strategy, so make sure to have this and commit on that so you won't lose your track.
Trading can be very tricky too, and those who become more greed have a higher chance to lose the money, make sure you wont rush your trading learning because you might miss important knowledge about trading and that can result to a failed trading, have more patience while learning how to trading and just enjoy your journey in trading.

Everyone knows what is best for them when it comes to trading so even if the trader wants to trade every day if it works for him, and trading futures involves risk the higher the risk the higher the profit and if you can key into risk management by reducing the percentage it will help reduce the risk, and if anyone wants to trade knowledge can not be left out, or at the end of the day you end up losing your money which is bad, if everyone keeps loosing money then at the end of the day you become liquidated completely, caution suppose to be taking into consideration.

Topic: Trade with caution - page 4. (Read 640 times)