Trade with planning | Bitcointalksearch.org

goinmerry

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

The article you share is about Forex Trading which the only tips and advice that can be the same as crypto are that common and general advice.

Forex and Crypto trading do have different environment so the approach is also different. Different strategies vary too.

Whatever people choose to trade, of course always plan our trade and not just will dive into something we don't know and invest money easily.

crzy

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

There’s a lot of articles about trading but still if the new trader didn’t make any effort to know more about trading then he won’t last in this market and its better for them to leave as early as possible than to lose money always, this is just my opinion for the newbies. If you can’t make any effort to learn don’t expect to get big rewards.

Faxmate

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Quote from: Triffin on January 02, 2020, 02:38:31 PM

Quote from: miningguru on December 31, 2019, 12:51:13 AM

Planning is very important in trading, without any assumptions and analysis, it is very hard to make money in trading. In crypto trading, the fluctuation seems to be very high and without any planning, we are going to lose our money by predicting the market perfectly.

Nothing is easy in this world any thing if we want to use for making money needs planning so the same thing will be needed in trading and there is no issue according to me spend money with proper planning. As I get my salary then I choose specific part of my income for trading and spare the remaining for my daily needs so I never get worry and trade for long term.

in the beginning traders have no such profit from trading but when they start earning from trading then they need to utilize that earned money, as according to my strategy i have spend very less amount of money which i could afford to loss and after that i used all the money came from trading. The benefit is that if you loss all the money in trading then it will not make you panic thinking that it was my hard earned money. So I suggest you that don't always spend money on trading from some other means, just utilize the money earned from trading.

Triffin

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Quote from: miningguru on December 31, 2019, 12:51:13 AM

Planning is very important in trading, without any assumptions and analysis, it is very hard to make money in trading. In crypto trading, the fluctuation seems to be very high and without any planning, we are going to lose our money by predicting the market perfectly.

Nothing is easy in this world any thing if we want to use for making money needs planning so the same thing will be needed in trading and there is no issue according to me spend money with proper planning. As I get my salary then I choose specific part of my income for trading and spare the remaining for my daily needs so I never get worry and trade for long term.

matchi2011

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Quote from: wajik-tempe on January 01, 2020, 01:26:35 AM

The basic skills of trading is the same between forex and cryptocurrency, but i think it has a lot of difference. The fundamental thing about bitcoin tradings is much way different than forex trading, also the technical method of trading bitcoin / cryptocurrency is different. in cryptocurrency trading we could do a really quick trades within a minutes with a decent profits.

I tried within minutes, in few cases made a decent profit. For this, we don't need much analysis, but in most of the cases, people might stick, which it will take some time to recover the price of the coin which we invested. So we should be very careful with the market situations.

Don't be tricked out of such easy to earned scheme the market is volatile and without knowledge you'll just going to be vanished in a short span of time. Make sure to have good understanding of any investment that you'll going to take you are the one who's in charge with your fate from this industry. Make a good use of the all available resources that you can afford to get.

akmal1984

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

Many people only think of huge profits when they start trading. So they never mentally prepare themselves for the worst conditions for example they immediately fail. Trading clearly requires a good mentality as well as we have information about conditions that are or will occur in the market.

Apened

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

There is a saying 'Plan your trade trade your plan' this seems really easy but it takes every little step and adjustments all pver the time to trade. Also we need to know how to use our emotions not only the trade because whatever oir plan is if we don't know how to control it our trade plan may be ruined. All must ne properly coordinated.

sisule

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Without good schedule planning we can't success by trading in bitcoin and altcoin, before trading we have make plan for reading many update news about why have to buy and invest with some coin, what good and bad news about this coin, we have make planning what support price to buy and when we have sell this coin, without make good planning maybe our trading can be terrible and loss chance to get much profit.

KnightElite

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Quote from: makolz26 on December 31, 2019, 12:37:10 PM

Quote from: Kelvinid on December 31, 2019, 06:04:59 AM

Definitely, we know already how planning seems to have a big role in trading. Quite that simple to think of having plan but I'm not sure if it was executed well. We have only 2 possible results in trading either we win or lose, and to help increase our chances to win is to have a concrete plan in trading.

We have a saying that if you fail to plan, then you plan to fail, and that is real, if you are don't know your goal, you don't know what you are doing, you don't know your goal or your aim, then you are planning to fail at all. So, always plan ahead and do something to target it, or else you are losing the opportunity in your life.

We cannot successfully execute a trade if we do not have a plan. Planning can make our trades to win and avoid losses. We should always plan before we trade in order for us to know what we are doing. An ignorant trader doesn't create a plan before he/she trade and it is the reason why they keep losing. They keep ranting that the trading are hard but in reality it is not if we have a plan because it can help us to face different kind of situations.

Ridwan Fauzi

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

It is useful article indeed, but you have to aware that trading crypto and trading forex is really different.

In the forex trade, you'll lose your money when you forget to set cut lose because when the market is going down your money will be burn on it.

But it is different with cryptocurrency AFAIK, you just need hodl for your money when the market is going down and let the price back to the initially price when you start.

Also, cryptocurrency trade is more risky then trading forex, and really advised to use the money that you are willing to lose.

wajik-tempe

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The basic skills of trading is the same between forex and cryptocurrency, but i think it has a lot of difference. The fundamental thing about bitcoin tradings is much way different than forex trading, also the technical method of trading bitcoin / cryptocurrency is different. in cryptocurrency trading we could do a really quick trades within a minutes with a decent profits.

maydna

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Quote from: aardvark15 on December 31, 2019, 04:30:23 PM

I developed a trading strategy whereby I put in a buy order but put in several equal buy orders under that on so that I don't have to catch the bottom of the price if it drops. In this situation, if the price drops, I may make several buys depending on how low the price goes.

That is what we need to if the price drops because we can buy the coin at a discount price, so the next thing that we can do is waiting for the price to increase higher. We can sell at once if the price increase higher. We can wait for another time to see if the price will go down in the next hours because that is always happening in the market. Usually, after the price increase higher, it won't need too long to see the price will go down again and adjust to the new price, and perhaps, the price will be staying at that range for a while before it increases again.

aardvark15

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I developed a trading strategy whereby I put in a buy order but put in several equal buy orders under that on so that I don't have to catch the bottom of the price if it drops. In this situation, if the price drops, I may make several buys depending on how low the price goes.

FLoving

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Quote from: Taskford on December 31, 2019, 04:23:20 AM

Quote from: beerlover on December 31, 2019, 04:13:08 AM

Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

As long as people realize the reality of trading is not to get rich quick or be a super wealthy person over night, there will be success.

Trading is something you do constantly to get a small amount of profit and do it constantly for 365 days a year in order to actually reach to a level that is acceptable but not super high. If you actually trade 50 weeks a year for 5 days a week for 8 hours a day and finish the year with 20% that is good, if you finish anything under that is a bit difficult but if you try to finish with 100%+ you will instead lose all your money and not make any.

People do not realize how hard it is to have a 20% average profit every year for years, if you can put a certain amount of money (doesn't have to be a million dollars but should be 100 bucks neither) and trade it with 20% per year then you would leave your child an amazing life after 50 years of doing that. That is what people should aim at but unfortunately they miss that point.

Unfortunately there are newbies who's been hype by people who frequently post their winnings on tradings that's why we can see some of them trying their luck to win some richest out from it. And actually it's really good to realize how struggling to earn 20% yearly but we are on tradings men common we can actually earn that but in proper discipline and if people learns to be patience on the next market move aswell on how to defy their emotions provably a 100% yearly is super possible.

But there is also the fault of other traders to stuck the newbie in trade without training them well. I saw a number of traders who invest in some coins and then they convince other people to invest in that coin and in that they get success when they try to convince the newbie showing their profit in that coin. Many times it happens that these newbies invest in that coin and the result do not come the same as expected.

makolz26

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Quote from: Kelvinid on December 31, 2019, 06:04:59 AM

Definitely, we know already how planning seems to have a big role in trading. Quite that simple to think of having plan but I'm not sure if it was executed well. We have only 2 possible results in trading either we win or lose, and to help increase our chances to win is to have a concrete plan in trading.

We have a saying that if you fail to plan, then you plan to fail, and that is real, if you are don't know your goal, you don't know what you are doing, you don't know your goal or your aim, then you are planning to fail at all. So, always plan ahead and do something to target it, or else you are losing the opportunity in your life.

rijaljun

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Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

How could a basic undertanding of trading be extremely helpful for existing traders? Also I don't think there are many forex traders here as anyone mostly is crypto trader.

Twentyonepaylots

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Quote from: ReiMomo on December 30, 2019, 11:59:58 PM

Of course, there should be a plan, and not only a plan. You should also have research when you are in trading. Those technical and fundamental and any kind of analysis you must be applied. Trading is not a simple job and this not a trial and error, you should make sure that in every move you have is accurate and will gain profit. Trading with planning is very appropriate stuff.

If it is a long term planning then it will be a total mess. Market is uncertain and so the prices do, making plans on trading for long term would just be an idea of ignorant. Don't make plans as if you can control the market, plan with the amount, timing of trade and particular coin to trade. That is why we have technical side of trading, for us to know what could happen next I think that is better than formulating a plan, just make a TA instead.

Kelvinid

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when lambo...

Definitely, we know already how planning seems to have a big role in trading. Quite that simple to think of having plan but I'm not sure if it was executed well. We have only 2 possible results in trading either we win or lose, and to help increase our chances to win is to have a concrete plan in trading.

sisule

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Activity: 420

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Before trading we can said what we want and how much target profit to earn, after enter with trading and buying some altcoin almost all our planning broken because we get bad thing except what hope before trade, our planning have reschedule because we choose with altcoin have lower price after buying, you can plan what do you want before trading time but your mind is blind when active in trading.

Taskford

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Quote from: beerlover on December 31, 2019, 04:13:08 AM

Quote from: Danumsigwasan on December 28, 2019, 04:09:54 PM

A lot of traders out there try to jump into trading and when they lose they get out equally quickly. Instead of all this it is way better to figure things out before jumping in. This is quite doable with proper guide and that’s what I found with this https://www.investmentwatchblog.com/turning-forex-into-a-side-gig-guide-for-beginner-traders/, I believe it is going to be extremely helpful for a lot of traders here.

As long as people realize the reality of trading is not to get rich quick or be a super wealthy person over night, there will be success.

Trading is something you do constantly to get a small amount of profit and do it constantly for 365 days a year in order to actually reach to a level that is acceptable but not super high. If you actually trade 50 weeks a year for 5 days a week for 8 hours a day and finish the year with 20% that is good, if you finish anything under that is a bit difficult but if you try to finish with 100%+ you will instead lose all your money and not make any.

People do not realize how hard it is to have a 20% average profit every year for years, if you can put a certain amount of money (doesn't have to be a million dollars but should be 100 bucks neither) and trade it with 20% per year then you would leave your child an amazing life after 50 years of doing that. That is what people should aim at but unfortunately they miss that point.

Unfortunately there are newbies who's been hype by people who frequently post their winnings on tradings that's why we can see some of them trying their luck to win some richest out from it. And actually it's really good to realize how struggling to earn 20% yearly but we are on tradings men common we can actually earn that but in proper discipline and if people learns to be patience on the next market move aswell on how to defy their emotions provably a 100% yearly is super possible.

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