Topic: Trade with caution - page 5. (Read 640 times)
Knowledge is the first thing that must be mastered by an investor. if you do invest in bitcoin, I don't think you need to worry even though we are new investors, what needs to be considered is our mentality, because in many cases they lose to price fluctuations where psychology is unable to hold on. but for those who want to invest in altcoins, or even new coins, I think they have to learn to analyze first, so they don't regret it later. in essence do not invest in what we are not good at
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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
Learning is a continuous process
And as a newbie, don't assume that trading went so well on your first try, and never assume that you can reach your goal quickly. Because you are right, learning is a continuous process meaning - more experience, more learning. Even though you already have done research before doing this, never expect that it gonna be enough because your emotions can influence you in making a decision and this usually happens to the starter. And there is one - expect losses and why? Because is a part of crypto and it brings you learning as well. 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
Learning is a continuous process
1. Being careless and dont mind about strategies and analysis
2. Easy to make money
3. Easy to guess on where price would go
4. Being that confident
Its true that engaging yourself would really be a never ending learning because this market is always been that a space on which there are lots of variations
on which you would be able to face on. You cant really be able avoid these things but once you do have that kind of sufficient learning and experience
then you would really be having the idea on what you would really gonna do which it would really be a normal phase.
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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
Learning is a continuous process
And as a newbie, don't assume that trading went so well on your first try, and never assume that you can reach your goal quickly. Because you are right, learning is a continuous process meaning - more experience, more learning. Even though you already have done research before doing this, never expect that it gonna be enough because your emotions can influence you in making a decision and this usually happens to the starter. And there is one - expect losses and why? Because is a part of crypto and it brings you learning as well. 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
Learning is a continuous process
You can try out copy trading where you copy the portfolio of experienced traders. Some platforms provide these features and it is very helpful for newbie traders.
You can learn various trading techniques by following expert traders without risking lot of your money.
Also remember, you can't always make profit. Sometimes you have to take loss also.
The golden rule is never invest the amount that you can't afford to lose.
You can learn various trading techniques by following expert traders without risking lot of your money.
Also remember, you can't always make profit. Sometimes you have to take loss also.
The golden rule is never invest the amount that you can't afford to lose.
Trading is the easy way of earning when you learn the flow of the market.In order to do that,you need to choose one coin.If the coin is bitcoin,Ethereum you can inverse in the dump of the price.When the coin is different altcoin,you can use of the strategy to inverse in that coin.You had to check the previous chart of the that coin over a period of 6 month of time.Then it’s easy to calculate the exact price of investment.You have to wait till the market react and expected value.Use the money to get more money from trading.
I know I'm knew here but after reading what investors pass through for the loss they experience in trading,
Investors aren't traders per se. These are two different things even if they're related. Investors think of investments. Traders think of trading. The semblance investors have with trading is when they're offloading to the market yhey cryptos they invested in. Hodlers will better fit investors description than calling them traders.To the main gist, whether one is cautious trading or not one is more likely to blow off one's trading capital if one doesn't have the basic skill set for trading. It's that simple and has nothing to do with trading frighteningly.
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
Trading is a process of loss and profits. You can not avoid losses even if you try so hard. Crypto market is volatile and unpredictable what the future holds. So we can never be 100% sure what will happen and if we are going to make profits every time. What we can do is minimize the loss by risk management. That's the key thing that is missing in your post. Every trader should know about this. Even the big dogs are making losses from time to time. What they do differently from newbies is they know how to manage their risks and minimize them using strategy. To do that, you need to learn market analysis.
One more thing that I want to add is, greed is a part of emotion. It also contains fear. So mentioning emotion would be much better as it will help people to understand the whole concept.
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
(....)
Indeed, trading cryptocurrencies are far different compared to trading other assets, especially non-cryptocurrency.(....)
Even in other assets, risks involves also and it has different risk pressure.
When it comes to trading cryptocurrency, most people who complain about volatility, so you must be ready for this.
For OP, about knowing the values of coins or altcoins before investing, I think you are talking about fundamental analysis here not so technical like looking at charts, identifying chart patterns, etc. And this is more investment, not trading. But it is somehow trading because in the future you will also make profits on that by selling it on higher price.
Well, over time if you keep the pace you'll surely learn the best way to minimize your losses. You'll have portfolio management, stop-loss feature is always there, plans and analysis are carefully reviewed, and lot of other things that will make you be good at trading. Trading will consume your peace when starting but fruitful when you know how to play the game in the long run.
Hmm well said it can cost your time and little effort in the initial stage but the outcomes are gonna be impressive as well in my view even after a consistent experience never be dependent on the market. You should need to be multi-sourced. Trading is good for your financial lifecycle but can be injurious to your health, if you are gambling with your health for the sake of some profits it should need to be stopped on time. Not everyone can be a trader so if you can't do it never gets disheartened.
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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.
Not understanding when to stop is a big problem a lot of newbies have. Its not about stopping by the way, if you want to invest then its not greed, that's called investment, so you can buy now and hold it through all bull and bear markets and not sell at any point whatsoever and that would be called investment, I do that and I do not regret a single second for not selling at 68k, why? Because I kept on buying at low and high all the same since my aim was to invest, not trade. But if you are a trader then it is vitally important to know when to get out just like its important to know when to get in. If you buy it at a very cheap price and it goes up, that would be lovely, but if you hold it long enough that it crashes before you sell, then you haven't achieved anything. So know when to get in, but also definitely know when to get out.
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For a trader to become successful, they have to keep learning because they will make mistakes and lose money, but if they are persistent and have good self-control over what they are doing, they will still become very good traders. A good trader understands that in trading, there are times when they encounter losses, and she or he must be ready to bear that loss and quickly move on for another trading opportunity. Trading deals with timing; if you miss the time you are supposed to place a trade, then you will have to wait for another good opportunity to enter the trade; otherwise, it could result in a loss. So, for someone who is still a newbie to trading, any time they face a loss, they will keep thinking about it and can mistakenly place a wrong trade on that process, which can still cause them more losses. Trading is not just for everybody, though.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
some people have already mentioned in this thread that trading and investment are not the same thing, now what you need to ask yourself: how many people profit from day trading? many people are giving advice to other people, they talk about the risks of day trading and how to be successful with day trading, but have you ever wondered why people who are giving advice on day trading never show proof of the gains and losses they have had? The reason is very simple: they don't show why they stopped day trading because they know it's not profitable, it's something unfeasible, I'll ask you the following:
how much capital are you putting into your day trade?
how much profit are you making?
how much damage did you have?
can you post proofs?
as you are giving advice on day trading so showing proof of these questions I asked you will help many people, people always believe more in the proof, it is something normal because they are surrounded by many other people who lie a lot, we will be waiting for the proof that you do day trade and had some great good experience and for that reason you are able to give trade tips
how much capital are you putting into your day trade?
how much profit are you making?
how much damage did you have?
can you post proofs?
as you are giving advice on day trading so showing proof of these questions I asked you will help many people, people always believe more in the proof, it is something normal because they are surrounded by many other people who lie a lot, we will be waiting for the proof that you do day trade and had some great good experience and for that reason you are able to give trade tips
1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading
Trading is not what we can do without really knowing what it’s all about, if you are planning to trade, then it’s better you go on a research and understand what trading is about, we should make you we create a trading strategy because if you don’t have trading strategy, then you are going to be wasting money, and don’t depend on anybody’s strategy, the strategy that works for me might not work for another person, so we should try and work on our strategy. 3rd, Being careless to know when due to withdraw without being greed
As a trader, being greedy is having lots of disadvantages, some times you have to be satisfied with the little profit which you make, but won’t always make big profits always. But sometimes it’s not that some people are greedy, they don’t always know the appropriate time to enter the market or leave the market, and that’s one of the most important thing we should know as a trader.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
Is it possible not to lose money as an investor? I don’t think so but it’s just better our profit is more than our lose, and if you are even planning to invest in altcoins, the chances of losing money is really high, but if you are investing in bitcoin and you are ready to hold, then you might not be losing, but you will be ready to hold for long term. 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.
6th Dont make yourself believe that there would be some guru or does give out that kind of assurance when it comes to trading tips
7th Dont make yourself that careless about your price predictions and would make out alterations due to some small factors
You would really be finding yourself to be that impulsive if you do have this kind of behavior on which you should really be avoiding this in the first place. You cant really
just make yourself that making trades without any caution or other things which are supposed to do for you to sustain this very unpredictable market.
This isnt something that simple that you could just simply put up positions then youre good to go. There are lots of factors which you would be needing to mind
on if you do really like to sustain this market which not everyone would be able to do so.
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.
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.
To be successful in trading, you need to constantly improve your skills, as new tools appear to make trading easier. The most dangerous thing is to trade almost without rest, because sooner or later fatigue will take its toll, and you can make fatal mistakes on the spot. Accuracy in trading is essential
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.
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.
~snip~
Learning is a continuous process
^ You already said it.Learning is a continuous process
If you lose in trading, that is part of a learning process.
If you have negative outcomes in trading, that is a part of the learning process.
Whatever the consequences whether it is bad or good at least we learn and we know how to avoid them in the future, and regarding greed, I don't argue that because was a part of a human being that we individually must control and against it. Always put in mind to be cautious when it comes to handling financial decisions, especially in trading which is always associated with risk. Try to play safe, just invest and hold for a long term.
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.
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
There is a good time to invest in bitcoins, and while you decide to wait until you know enough to invest in bitcoins, the price will be changing and it can quickly move from a favorable price to a price that is not too good for you to enter into investment with when you finally decide to invest. It is possible to buy some bitcoins for keeps and then wait for learn about how to keep them well since learning is a continuous process, waiting may not go as well as you wish. Jump to: