Topic: Trading and profit, how do you set your goals? (Read 373 times)
No need to set goals because for me investing are only buy and sell here so we need only to take some risk then we can earn so the best to do are the affordable and think all posible that can happen here then for more good better to always read bitcoin news related so even the price of any digital currency are unpredictable still we can rely some information in that and the upcoming event about crypto because it has impact in market then we can earn big by that when we take the chance
Run it as a business. Set up an S corporation so that you correctly cover expenses first, then pay yourself a reasonable salary--taxed at the income rate, and finally if you are fortunate enough to exceed a reasonable salary you pay yourself a distribution on top of all that creamy goodness.
But yeah, first goal: cover expenses whatever they may be: mining costs, trading fees, transaction fees, office fees, etc etc etc.
But yeah, first goal: cover expenses whatever they may be: mining costs, trading fees, transaction fees, office fees, etc etc etc.
I will set some specific goals based on my investment because without deciding them we will not make much profit. So mostly I will wait till my investment should increase more than 30%. If takes time I will wait for it to make profits on my investment.
I am almost similar to your opinion. may be shared equally because the target, but may I put up the 40-50%. may indeed be long for achieving these targets, but it does not matter of course if the result is too large.
I will set some specific goals based on my investment because without deciding them we will not make much profit. So mostly I will wait till my investment should increase more than 30%. If takes time I will wait for it to make profits on my investment.
no setting what? besides continuing to learn to analyze coins or tokens, nothing to learn just to pay attention and take advantage of the best moment possible, only that deeper you learn and analyze the more your knowledge, all process will not deny the result of spirit
I don't set my goals I just sell my coin when it gives me enough profit the point is buy low and sell high and Just don't be greedy.
That you've reached 180 from 50 it's really good result
Hope you will rech more because nowadays the situation quite different and can be more profitable (or less...)
If you don't alternate this strategies and using only the one - I've got a bad news for ya
- By hodling just bitcoin for two years
- By hodling various coins for two years
- By buying and selling every other month
- By going to ICOs and hodl
- Daytradig
- Going for the Airdrops
Well it's a good choice if you buy bitcoin and hold them for long term. I personally buy bitcoin and some coins such a XRP, XLM and holding in long term. I think this is not risky than day trading or weekly. Hope you will rech more because nowadays the situation quite different and can be more profitable (or less...)
If you don't alternate this strategies and using only the one - I've got a bad news for ya
- By hodling just bitcoin for two years
- By hodling various coins for two years
- By buying and selling every other month
- By going to ICOs and hodl
- Daytradig
- Going for the Airdrops
That you've reached 180 from 50 it's really good result
Hope you will rech more because nowadays the situation quite different and can be more profitable (or less...)
If you don't alternate this strategies and using only the one - I've got a bad news for ya
- By hodling just bitcoin for two years
- By hodling various coins for two years
- By buying and selling every other month
- By going to ICOs and hodl
- Daytradig
- Going for the Airdrops
That things i try to alternate from day to day: I have put some money into a btc and hold, i try to get some profit from day-threeday trading, i'm also going in ICO and Airdrops - why not? It doesn't take so much time from the day (if you don't a lot of airdrops and ICOs) And "free tokens" can go to trading too
Hope you will rech more because nowadays the situation quite different and can be more profitable (or less...)
If you don't alternate this strategies and using only the one - I've got a bad news for ya
- By hodling just bitcoin for two years
- By hodling various coins for two years
- By buying and selling every other month
- By going to ICOs and hodl
- Daytradig
- Going for the Airdrops
That things i try to alternate from day to day: I have put some money into a btc and hold, i try to get some profit from day-threeday trading, i'm also going in ICO and Airdrops - why not? It doesn't take so much time from the day (if you don't a lot of airdrops and ICOs) And "free tokens" can go to trading too
For beginner traders, it would be wise to set out on goals that focus on the process, as opposed to the outcome. These types of goals help reinforce and shape your trading skills, so that you learn to trade properly. Whether or not you end up in a loss doesn’t matter – the point is that you trade the right way and focus on the process. By setting goals and striving to achieve them, you can accelerate your trading development exponentially. Then by all means you will earn a good/high profit.
Thank you people for the good advices. What I have done now, I sold what I bought by mistake. Instead of buying STRAT i bought START !! What a noobie mistake, I know, but shit happens sometimes. So I sold it and just fill my bags with ETN. I have a good feeling about it and I'm aslo mining it a little. It had a dip today til 0.09$ and hoping to sell it back to 0.25$ in some time. The START project was already dead when I bought it but I realise the truth when it was already too late, -182$ but thats life, you learn from your mistakes.
Good! Accepting our mistakes is the best way to be able to move forward. And learning from them will help us do wonders. It's a pity that some would choose to drown themselves in misery because of their mistakes. Something I detest! Because one mistake does not mean the end of the world. Every single day is a chance to pull ourselves back up and make a new start.
Actually I don't do any accurate planning, just following the stream accordingly to my free time.
Number 1 thing is never get too greedy, If you wait too long to sell you end up getting dumped on.
look for the token or coins with low value.
then research for their development and future plans.
Like UTK or UTRUST token i bought some at 1250 SATS each and hold it.
they will have convention and launch app this 19th so it will be a big pump.
and im not wrong i am now on double the money and still waiting for more.
then research for their development and future plans.
Like UTK or UTRUST token i bought some at 1250 SATS each and hold it.
they will have convention and launch app this 19th so it will be a big pump.
and im not wrong i am now on double the money and still waiting for more.
I bought my UTK @ 1500 satoshis, and you are right, it is really rising well. i am planning to hold it for longer until they really launch the app and working.
I put some with ATL, as they are launching their platform also before the month ends.
bought some @ 21hundres.
look for the token or coins with low value.
then research for their development and future plans.
Like UTK or UTRUST token i bought some at 1250 SATS each and hold it.
they will have convention and launch app this 19th so it will be a big pump.
and im not wrong i am now on double the money and still waiting for more.
then research for their development and future plans.
Like UTK or UTRUST token i bought some at 1250 SATS each and hold it.
they will have convention and launch app this 19th so it will be a big pump.
and im not wrong i am now on double the money and still waiting for more.
I am still not smart to do trading, I have tried to trade but some suffered losses because I was trapped and experienced panic. Maybe trading is not suitable for me or i have to learn again.
how i set the goal is depend on the time ad how long i have been invest it. for me, i invest it for 100 then when the price is high you can sell it then keep a half of your coin.
To remind you, the shorter the time period you invest, the more you will involve emotion in terms of making investment decisions. The greater the emotion involved, the greater the challenge.
Techniques & strategies for short-term trading will be very different when compared to long-term investments. You need to really think about the strategy to adjust to the goals that have been made
Techniques & strategies for short-term trading will be very different when compared to long-term investments. You need to really think about the strategy to adjust to the goals that have been made
I set my goal, the number of times I make a profit from my selection of coins without regretting if the price goes up after that. I just enjoy the fact that I have already made a profit 
My strategy - buy and hold. I divided my funds in several parts:40- 50% i always keep in BTC, 10-in Ethereum, and 40-50% altcoins (my portfolio consists of about 50 coins),10% of altcoins are the coins with low market cap, that can give huge profit in the future (capp for example). When i buy coin i set the goal at least 200% (for longterm),when it happens, i fix the half of holdings (so get my deposit back and profit ) and other part keep for ages till it gives me x10 
Let me tell you about my strategy. For example, if I invest 100$ then I wait until they become 200$ and take away the first hundred. The rest I leave for a while.
been reading all these replies and surely learning alot from it. im also new in trading looking for more information here before i go all in. im currently trading only at bitz. at first all i wanted was to sell the coins i earned from free airdrops until i realize there was a minimum amount in withdrawals. so i got no other choice but to make trades hoping i can gain enough to reach the treshold.. funny i know. but thats how i really got into trading.
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