📖 🌟 Trader's Golden Rules Book 📖 🌟

Apened

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Quote from: Coin_trader on October 28, 2019, 04:05:34 AM

Volume, RSI and MACD is the most important thing for me when trading on stock market. I don't usually watch the depth but I agree ro the OP that it's important to evaluate the current situation.

But trading crypto is a different story. Most case is chart is useless and price depends on the news. But having a chart as basis before you invest is a good guide to know when to enter and not.

Yes you are e right, but i don't use same indicator like macd and rsi they are the same only but have different features to where you can easily add it and read in your screen. I always use different kinds of stuffs.

Coin_trader

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Volume, RSI and MACD is the most important thing for me when trading on stock market. I don't usually watch the depth but I agree ro the OP that it's important to evaluate the current situation.

But trading crypto is a different story. Most case is chart is useless and price depends on the news. But having a chart as basis before you invest is a good guide to know when to enter and not.

NathanJB

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Quote from: Wysi on October 28, 2019, 03:33:12 AM

Quote from: AliMan on October 28, 2019, 02:54:53 AM

Quote from: arwin100 on October 28, 2019, 01:23:40 AM

Quote from: Kambal2000 on October 28, 2019, 12:37:41 AM

Quote from: Ailmand on October 27, 2019, 10:06:59 PM

Quote from: NathanJB on October 27, 2019, 08:45:09 AM

Volume may not be everything. Nowadays when volume is being cheated by exchange platforms, it is hard to trust the volume indicated. Most of the exchanges are reporting false volumes. And even the volume that seems to be the actual volume is being achieved only through the bots that are playing more than the real traders.

True, most exchange use bots to fake volume. However, I believe on keep your ears open. Positive news, statements, developments or announcements can cause market hype and can increase the demand and volume in no time.

Yes, so we should be able to see these things as most of them has fake volume and it is not good to trade with trading bots. Yes, they are having a bot, just for them to make themselves having a good volume so they can attract traders, so let us watch over it if we want to trade, choose the right trading platform.

That's the reason why I only go on reputable exchange so that I will make sure to trade with nothing to worry since as I've see there are so many scam exchange who have fake volumes which can trap us since we provably sell on desired price. But if people can't avoid it since there coin is listed there better to wait for several minutes and study the market flow before going your first entry it's better to safety than to regret later on the decisions made.

Because of assertiveness, these people tend to risk their coins with non reputable exchanges even without checking their trading walkthrough. Most cases after falling to scammers trap, huge funds involved has higher potential to get lost in the end. At first I wasn't particular on trading volumes while I wasn't yet too skilled in trading, but now I am making it sure for my holdings to be entrusted at legit and popular exchanges like for example binance.

Yes volume and reputation is the most important aspect before using any exchange as I have been a victim myself on this exchange named coinbene wherein I had to forcefully do a trade at lesser profit due to bot trading and exchange my asset at a price which gives me lesser profit because whenever I tried to place a buy order these bot will place buy order as well with slightly higher figure and it went on for 90 minutes until I could trade, That's why even I prefer Binance which is trusted by all and secure without any bot trading. Never go for low volume exchanges.

I would prefer to trade a coin with a bit lower volume for as long as the majority of it is from real traders and not from bots. Although I have to admit that every single trading platform has bots playing around the prices and the buy and sell orders, at least more than 70% should be real traders. Even Binance has bots if I am not mistaken, but the good thing about Binance is that it has a high volume brought about by real persons trading.

Wysi

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Activity: 1638

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Quote from: AliMan on October 28, 2019, 02:54:53 AM

Quote from: arwin100 on October 28, 2019, 01:23:40 AM

Quote from: Kambal2000 on October 28, 2019, 12:37:41 AM

Quote from: Ailmand on October 27, 2019, 10:06:59 PM

Quote from: NathanJB on October 27, 2019, 08:45:09 AM

Volume may not be everything. Nowadays when volume is being cheated by exchange platforms, it is hard to trust the volume indicated. Most of the exchanges are reporting false volumes. And even the volume that seems to be the actual volume is being achieved only through the bots that are playing more than the real traders.

True, most exchange use bots to fake volume. However, I believe on keep your ears open. Positive news, statements, developments or announcements can cause market hype and can increase the demand and volume in no time.

Yes, so we should be able to see these things as most of them has fake volume and it is not good to trade with trading bots. Yes, they are having a bot, just for them to make themselves having a good volume so they can attract traders, so let us watch over it if we want to trade, choose the right trading platform.

That's the reason why I only go on reputable exchange so that I will make sure to trade with nothing to worry since as I've see there are so many scam exchange who have fake volumes which can trap us since we provably sell on desired price. But if people can't avoid it since there coin is listed there better to wait for several minutes and study the market flow before going your first entry it's better to safety than to regret later on the decisions made.

Because of assertiveness, these people tend to risk their coins with non reputable exchanges even without checking their trading walkthrough. Most cases after falling to scammers trap, huge funds involved has higher potential to get lost in the end. At first I wasn't particular on trading volumes while I wasn't yet too skilled in trading, but now I am making it sure for my holdings to be entrusted at legit and popular exchanges like for example binance.

Yes volume and reputation is the most important aspect before using any exchange as I have been a victim myself on this exchange named coinbene wherein I had to forcefully do a trade at lesser profit due to bot trading and exchange my asset at a price which gives me lesser profit because whenever I tried to place a buy order these bot will place buy order as well with slightly higher figure and it went on for 90 minutes until I could trade, That's why even I prefer Binance which is trusted by all and secure without any bot trading. Never go for low volume exchanges.

AliMan

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Quote from: arwin100 on October 28, 2019, 01:23:40 AM

Quote from: Kambal2000 on October 28, 2019, 12:37:41 AM

Quote from: Ailmand on October 27, 2019, 10:06:59 PM

Quote from: NathanJB on October 27, 2019, 08:45:09 AM

Volume may not be everything. Nowadays when volume is being cheated by exchange platforms, it is hard to trust the volume indicated. Most of the exchanges are reporting false volumes. And even the volume that seems to be the actual volume is being achieved only through the bots that are playing more than the real traders.

True, most exchange use bots to fake volume. However, I believe on keep your ears open. Positive news, statements, developments or announcements can cause market hype and can increase the demand and volume in no time.

Yes, so we should be able to see these things as most of them has fake volume and it is not good to trade with trading bots. Yes, they are having a bot, just for them to make themselves having a good volume so they can attract traders, so let us watch over it if we want to trade, choose the right trading platform.

That's the reason why I only go on reputable exchange so that I will make sure to trade with nothing to worry since as I've see there are so many scam exchange who have fake volumes which can trap us since we provably sell on desired price. But if people can't avoid it since there coin is listed there better to wait for several minutes and study the market flow before going your first entry it's better to safety than to regret later on the decisions made.

Because of assertiveness, these people tend to risk their coins with non reputable exchanges even without checking their trading walkthrough. Most cases after falling to scammers trap, huge funds involved has higher potential to get lost in the end. At first I wasn't particular on trading volumes while I wasn't yet too skilled in trading, but now I am making it sure for my holdings to be entrusted at legit and popular exchanges like for example binance.

arwin100

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Quote from: Kambal2000 on October 28, 2019, 12:37:41 AM

Quote from: Ailmand on October 27, 2019, 10:06:59 PM

Quote from: NathanJB on October 27, 2019, 08:45:09 AM

Volume may not be everything. Nowadays when volume is being cheated by exchange platforms, it is hard to trust the volume indicated. Most of the exchanges are reporting false volumes. And even the volume that seems to be the actual volume is being achieved only through the bots that are playing more than the real traders.

True, most exchange use bots to fake volume. However, I believe on keep your ears open. Positive news, statements, developments or announcements can cause market hype and can increase the demand and volume in no time.

Yes, so we should be able to see these things as most of them has fake volume and it is not good to trade with trading bots. Yes, they are having a bot, just for them to make themselves having a good volume so they can attract traders, so let us watch over it if we want to trade, choose the right trading platform.

That's the reason why I only go on reputable exchange so that I will make sure to trade with nothing to worry since as I've see there are so many scam exchange who have fake volumes which can trap us since we provably sell on desired price. But if people can't avoid it since there coin is listed there better to wait for several minutes and study the market flow before going your first entry it's better to safety than to regret later on the decisions made.

Kambal2000

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Activity: 700

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Quote from: Ailmand on October 27, 2019, 10:06:59 PM

Quote from: NathanJB on October 27, 2019, 08:45:09 AM

Volume may not be everything. Nowadays when volume is being cheated by exchange platforms, it is hard to trust the volume indicated. Most of the exchanges are reporting false volumes. And even the volume that seems to be the actual volume is being achieved only through the bots that are playing more than the real traders.

True, most exchange use bots to fake volume. However, I believe on keep your ears open. Positive news, statements, developments or announcements can cause market hype and can increase the demand and volume in no time.

Yes, so we should be able to see these things as most of them has fake volume and it is not good to trade with trading bots. Yes, they are having a bot, just for them to make themselves having a good volume so they can attract traders, so let us watch over it if we want to trade, choose the right trading platform.

crwth

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https://linktr.ee/crwthopia

What's your book exactly? Is that your experience, or you want to start a book and collect ideas here?

I do think that volume plays a significant factor in trading, it could show you that edge before there's a significant movement in the price or something. It could be an indication of change or not. It could be one of the steps, but I use it to choose what currency I'm going to invest in. I don't like to see what happens with the stocks or coins in the news because it might

Do you also have a reference to the strategy you have? I have read a couple of strategies with that checks price actions and volume; some don't care about volume, just trading. What's yours?

Ailmand

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Activity: 1274

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Quote from: NathanJB on October 27, 2019, 08:45:09 AM

Volume may not be everything. Nowadays when volume is being cheated by exchange platforms, it is hard to trust the volume indicated. Most of the exchanges are reporting false volumes. And even the volume that seems to be the actual volume is being achieved only through the bots that are playing more than the real traders.

True, most exchange use bots to fake volume. However, I believe on keep your ears open. Positive news, statements, developments or announcements can cause market hype and can increase the demand and volume in no time.

NathanJB

sr. member

Activity: 756

Merit: 251

Volume may not be everything. Nowadays when volume is being cheated by exchange platforms, it is hard to trust the volume indicated. Most of the exchanges are reporting false volumes. And even the volume that seems to be the actual volume is being achieved only through the bots that are playing more than the real traders.

MURONDI

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Activity: 812

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Quote from: El-Cezeri on October 27, 2019, 05:41:08 AM

Hello, I have been trading daily for many years. I will share my experiences, my slogans and rules.
Please contribute to this book. Let's have a valuable experience archive.

📖- Trader's Gold Rules -📖

* Volume is everything: stay away from non-volume parity. Lions can emerge in the parity without volume, bear can eat, dash fall. The hidden holders that hold this coin can come out of their lair and damage you. Or you may never sell it again after you buy the coin. Even if it's your own project, don't do it if you're a trader. Volume first!

* Swim in deep waters: Volume is our most important rule. But if there was something more important than volume, that would certainly be Depth! Always follow the depth. Think three more times when trading on parity without depth. In fact, depth whispers the near future for the man who knows sociology. I have a word that I want to be written in history: The graphs tell you what has happened. The depth table tells you what will happen in the future. In a parity with insufficient depth, you can buy easily. When you sell, you suffer.

* Keep your ears open: Follow the official twitter accounts of their coins and stock exchanges and their CEOs. Read their rts and likes. Set up a twitter alarm on all of them and let the notifications sound silently to you. Be aware of all important developments.

Enough lessons for today.
After I write these on my head, we can move on to the new class.
Next rules will be more fun.
I'm going to update this topic.
Please share your experience and rules.

good theory but the facts are not easy to apply, if you are already successful using this method and making a lot of profit, can you give me proof, maybe I'll try to study it

Quidat

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DGbet.fun - Crypto Sportsbook

Quote from: El-Cezeri on October 27, 2019, 05:41:08 AM

* Keep your ears open: Follow the official twitter accounts of their coins and stock exchanges and their CEOs. Read their rts and likes. Set up a twitter alarm on all of them and let the notifications sound silently to you. Be aware of all important developments.[/center]

This is what im doing even most traders doesnt really like too much on following up news or fundamentals but i highly
believe that these factors are on of the main things that should really be concerned on.I wont say its a precise thing
to rely on but these news does really give out significant impact specially if they are major ones.Following updates,
changes and any related matters will either benefit or not as a trader.Just be good on judgement though.

El-Cezeri

full member

Activity: 266

Merit: 214

Analist - Trader - Yazar

Hello, I have been trading daily for many years. I will share my experiences, my slogans and rules.
Please contribute to this book. Let's have a valuable experience archive.

📖- Trader's Gold Rules -📖

* Volume is everything: stay away from non-volume parity. Lions can emerge in the parity without volume, bear can eat, dash fall. The hidden holders that hold this coin can come out of their lair and damage you. Or you may never sell it again after you buy the coin. Even if it's your own project, don't do it if you're a trader. Volume first!

* Swim in deep waters: Volume is our most important rule. But if there was something more important than volume, that would certainly be Depth! Always follow the depth. Think three more times when trading on parity without depth. In fact, depth whispers the near future for the man who knows sociology. I have a word that I want to be written in history: The graphs tell you what has happened. The depth table tells you what will happen in the future. In a parity with insufficient depth, you can buy easily. When you sell, you suffer.

* Keep your ears open: Follow the official twitter accounts of their coins and stock exchanges and their CEOs. Read their rts and likes. Set up a twitter alarm on all of them and let the notifications sound silently to you. Be aware of all important developments.

Enough lessons for today.
After I write these on my head, we can move on to the new class.
Next rules will be more fun.
I'm going to update this topic.
Please share your experience and rules.

Topic: 📖 🌟 Trader's Golden Rules Book 📖 🌟 (Read 182 times)