Topic: Trading - page 13. (Read 3242 times)

Trading cryptocurrencies is a very profitable business, but only for patient people who are able to devote time to market research, technical and fundamental analysis. Digital asset trading is a process that provides a unique opportunity for a profitable investment. The main thing is, among hundreds of cryptocurrencies, being able to choose the right asset for investing money, otherwise, all expectations may turn into disappointment.

I don’t usually use you might, I prefer to use the word you will lose and also profit in some trades, I don’t think there is any guru trader that can ever vouch off not ever losing their trade, there is no single one that would say it because they want to make you feel that they are perfect and for the ones that wants your money, so that they can be able to attract you into depositing with them.

Trading can be hard, but can also be sweet based on what you advised, which is the aspect of through learning about the cryptocurrency, there is need for us to have a very sound knowledge of cryptocurrency trading so that we can avoid all the necessary mistake that could make us to miss or trade anytime that we try to trade. Trading is easy only with our skills and strategies.

In trading you might earn and lose there is always a risks and understand the situation before buying or selling a crypto. Never enter in trading without learning first since in crypto the price is so volatile. Actually there is a big opportunity in crypto and continue learning so you will earn.

then that is not what you call trading anymore  . trading is the act of buying and selling or simply called trading . we can earn good thru trading as long as we know the basics like buying when its dip and selling when its pump  .

it is still possible to trade safely, you can do that by picking the right set of coins and then you need to have a patience and avoid being panicking  . if you are calm you can wait for the right time to trade and earn profits succesfully  .

The best way to trade safely is never to trade because trading is full of risk and there is no way that we can avoid trading in an unsafe manner or putting our capital in jeopardy. Any one that wants to really trade must be prepared for it and should think it would be very risky, those who are pro trader have really lost a lot in time of time, and money for them to get it right, so I didn’t know why op thinks there is anyone here with the formula that will guarantee that the investment would be safe.

The best to have some level of safety and risk minimization is that which you have said already, the right knowledge with the right training and skills will definitely give rise to a well minimized risk trading with lots of profit to encourage such trader.

First of all, develop the ability to analyze the situation soberly. For trading, spontaneous, impulsive decisions, dictated by panic or greed, and based on the principle “do it all” are very harmful. First of all, rely on your experience and double-check the incoming information. Always start with those sums of money, which will never give you great losses in a case, if you fail.

I agree with your argument that getting 1% -5% profit is better if done repeatedly compared to getting 20% profit at once. A 20% profit is also only in bullish market and rarely in bear market. But patience is also not enough to make a profit many times, a good trader also requires extensive knowledge and insight.

Many pro traders also often experience losses when trading, even to achieve a profit of 5% in each trade is quite difficult for them. So learning and experience are solution for now, to be able to make such a profit.

We can prevent the risk by learning more about trading, so you don't have to worry. You can get so many lessons from the internet, and you don't have to pay for the learning. But there is no safety trade because the market will always be volatile, and you are hard to predict the price. But if somehow you are getting lose from trading, you don't have to be sad because you can learn from the loss so you can improve your skills. If you can learn from the mistake, you will prevent from making the same mistake in the future.

Maybe what you need to be a trading expert is an experience because the more experience you get from trading, your skills will improve so you can get the right signal to buy and sell.

You should understand that trading is a fairly risky type of job, it will be greater if your knowledge and experience is limited.
I don't guarantee that there are formulas that can help protect your investment, but you need to read a lot of books and practice a lot to make your account safer.

The most important advice I can remember about trading is the ability to take a loss and not react badly to it.   You must lose one day and be ready again fresh the next day to make a profit, I think this more then anything is beyond the average man to shake off these hits and bruises the markets will inflict on you.  
  Also the home trader type will not give enough credit to the market for the massive profits available, being able to recognize when you gained alot and there is still more to come is a major deal of importance.   One of my best trades of the last finance year was a share that had fallen to 5p ( I got it +10p) and it rose to 80p with potential for more, as of right now its doubled again; to the imagination of most that kind of move is impossible.   Even those in crypto might be impressed,  this was a exploratory mine which received good news, good prospects and also a 20% increase in its base commodity which leads to profit margin expansion on leverage making the share price quite sensible.   Experience on all those things vs share price really is needed to not be knocked off your seat, many no doubt also sold on the way down wrongly hence market was wrongly pricing; markets are often wrong and adjust.
  These opportunities are vital to counter acting all the paper cut losses even the best traders will continually take.

You have a point in trading we really experience of losing money. Never invest without knowing the risks in crypto. The very important thing is to make time having a research on what to invest. Without searching it will resulted in loses. So, invest on top coins which really profitable and always be observant in the market.

This suggestion is suitable for coins like Ethereum, bitcoin and some top coins that we have in the market, or any coin that you feel has a very real use case which I dint think that we have much of them right now other that the top 50 coins. Taking decision to sell some altcoins when they are down has never been a mistake sometimes.

There was a time that Docademics came to the market and I got my campaign allocation from them , the value of the coin raised from 0.01 to 0.3 within a short space of time, it started dropping and at the point that it dropped to 0.2, I sold my coin, and everyone was blaming me for doing so after they read the whitepaper, but ask me what the value is today, docademics is back to 0.01, though I still believe in the future of this coin, but I would have lost out if I had not taken that decision to sell.

After being a bounty hunter, everyone of you becomes a trader. You have to trade those token rewards that shall be given to you once the bounty you are participating is done.

Your recommendation about Binance as a safe exchange is fine. But to literally understand the meaning of 'safe' trading, this is going to be meaningful for each individual trader. Be safe in every trade that you do by following a strategy and do not trade because of emotion.

Making 20% in the trading will be a big profit for every trader, but I don't think you can do that at this moment.
The bear market still with us, and I think it makes sense if you try to make 1%-5% of the profit because that will not be too difficult to reach that profit.
But you need to choose the right coin to help you to make that profit which is not easy to do.
The other thing he needs to do is be patient, don't greedy to get the big profit in one time of the trade.
We don't have to make a big profit in one time of the trade, but we need to repeat the trade over and over so we can make a bigger profit.

As a newbie, its still normal to deal with losses regarding on your trading journey. You can actually be assured that your profit will be 5 to 20% at first depending on the strategy and the market movement itself. There's no better teacher than experience.

Are you going to trade or invest?

You gain profits with investing by waiting.
Some bought bitcoin and left his keys on a flash drive and left it somewhere they cannot access it until a certain time.
At trading though, there is a larger risk. Oh!, time and effort is also needed if you want to be one of the successful people in that industry.

It is not something you can ask someone and be taught in a day. 

That's just the basic rule and the truth is that even how basic this rule may seems, it hard to keep to.
Most traders find it difficult to keep calm during price dips and this leads to more lose. I am guessing this was your case.
OP, if you can manage your emotions and impulsiveness for trade during price dips, you are good to go.

In addition to what you said. There are certain to be consider to in other to be successful crypto trader.
1) Know the risk involve in crypto investment/trading.
2) Understand the basic event which usually causes dump, pump in price of the market and know how to avoid debt.
3) Know the best time to enter/exit the market and how to choose the right coin.
4) Learn how to use technical analysis.
5) Using better exchange site with good security which Binance, coinbasepro are among.
6) Know the type of trading which is good for you because we can't all be a day trader.

I advice to you always use trusted exchange like binance where they have good security system. I'm not professionals traders and day by day I keep on learning about trading and I also suggest keep on learning more information about trading.

Most of the time it's about managing to get hold of coins that would eventually blow up in the future. For that you'd have to be constantly monitoring new projects and developments.

Or you can be a bit more conservative and only invest in "stable" coins, the ones that have been around for quite some time and hold on to them till their price relative to btc goes up.