Trading Answers | Bitcointalksearch.org

cryptonx

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

yes, the key of trading is we must know when the right time to enter the market and exit the market in profit or by cut our loss short mate
and use max of your funds not more than 5% in your trading activity to reduce the risk on our trading activity my friend

gaston castano

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everyone has their own way, and I think what you say has a point, but some people choose to trade in large numbers, the goal is to get a lot of profit and they also know the risks.
I also often lose in trading, so just enjoy it, do not need to think about it, what happened can not come back, better think for next.

Genemind

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Applying the basics of trading would tell you when is the perfect time to trade. Buy buying at low and selling when the prices are high is a good strategy for you to start trading. Being greedy would only lead you into losses. Just like in gambling, being too greedy might take away all that you have so you should know your limits.

mrdeposit

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

The topic of when to start trading is a very debatable topic, the right time can be different based on your strategy. This is something that requires longterm experience that newbies need to discover in themselves.

Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

Greed is a feeling that we all need to fight, and we will not be able to advance far without defeating it. Also, it would be more appropriate to use "move according to your balance" instead of "low amount".

setialovers

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Quote from: Rufsilf on October 08, 2019, 06:41:50 AM

Quote from: Wysi on October 08, 2019, 05:35:24 AM

Quote from: zeze18 on October 08, 2019, 04:42:56 AM

Quote from: Vitamin_52 on October 08, 2019, 02:44:25 AM

It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.

Nope. Technical analysis is quite useful for daytrading.
You could see tradingview , there you can find top crypto analyst and some of their prediction is accurate.

I am not sure if technical analysis is still useful or not as it has not helped me much in quite some time now but it used to be useful during initial days. As the situation has changed now wherein there are so many predictions but less number of believers for those predictions due to the fact that the price wave going against the prediction. This is my personal opinion as it might have helped you.

No, in a certain thing/time that TA's are very helpful but what I could see with the market today...is purely unknown. The market is so unpredictable, not in a single that we might be able to foresee its movement. If I were a trader today, I'd never want to used this strategy or to have any market speculations but rather to stay focus in every market changes, this is the only that could help to be guided.

I think technical analysis is still useful in the cryptocurrency market because in my opinion TA describes the psychological market and also the demand and supply in the market. For short-term trading, I think Technical analysis is useful for determining the trading position that we will execute

Rufsilf

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Quote from: Wysi on October 08, 2019, 05:35:24 AM

Quote from: zeze18 on October 08, 2019, 04:42:56 AM

Quote from: Vitamin_52 on October 08, 2019, 02:44:25 AM

It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.

Nope. Technical analysis is quite useful for daytrading.
You could see tradingview , there you can find top crypto analyst and some of their prediction is accurate.

I am not sure if technical analysis is still useful or not as it has not helped me much in quite some time now but it used to be useful during initial days. As the situation has changed now wherein there are so many predictions but less number of believers for those predictions due to the fact that the price wave going against the prediction. This is my personal opinion as it might have helped you.

No, in a certain thing/time that TA's are very helpful but what I could see with the market today...is purely unknown. The market is so unpredictable, not in a single that we might be able to foresee its movement. If I were a trader today, I'd never want to used this strategy or to have any market speculations but rather to stay focus in every market changes, this is the only that could help to be guided.

Wysi

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Quote from: zeze18 on October 08, 2019, 04:42:56 AM

Quote from: Vitamin_52 on October 08, 2019, 02:44:25 AM

It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.

Nope. Technical analysis is quite useful for daytrading.
You could see tradingview , there you can find top crypto analyst and some of their prediction is accurate.

I am not sure if technical analysis is still useful or not as it has not helped me much in quite some time now but it used to be useful during initial days. As the situation has changed now wherein there are so many predictions but less number of believers for those predictions due to the fact that the price wave going against the prediction. This is my personal opinion as it might have helped you.

zeze18

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Quote from: Vitamin_52 on October 08, 2019, 02:44:25 AM

It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.

Nope. Technical analysis is quite useful for daytrading.
You could see tradingview , there you can find top crypto analyst and some of their prediction is accurate.

Inkdatar

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Quote from: Vitamin_52 on October 08, 2019, 02:44:25 AM

It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.

In trading industry that’s the flow in the market we may seen it at a dump stage of price and it may surge up. So usually the volatility is comprising. True no one can predict the price and during trading always be reminded not to be emotional and not to be greedy. This greed will ended up losing money once it’s in our system.

leea-1334

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Quote from: Bezobraznike on October 07, 2019, 04:05:37 AM

It is hard to trade and to use analysis for crypto-market because this market is new for everyone. There are no experts,
this is not an exact since, people use what they can in order to make some profit. There are people who are more lucky,
or they found some method that works for them.
Every person has different time period for trading, not everyone can watch charts for hours. With different time for trading,
different bankroll, different exchanges and fees, each of us should find what suits us best. Find your position and try to make
the best from it.

Good point and sometimes a point people do not understand.

Very hard to do analysis when you only have a few good years of trading data to understand. For me prior to 2016 is very difficult because the data was easier to manipulate and only happening in a small volume with small population of traders and exchanges.

Currently,,, it is also full of manipulation but much more reliable! But we need maybe 5 to 10 more years of data for meaningful checking.

Vitamin_52

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It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.

Rebisco

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

You need a lot of time and effort in order to know when is the right time to buy and sell cryptocurrencies. It is really hard to study at the beginning because of the chart, but I committed to mastery and that's why I became full time trader.

pieppiep

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Quote from: BlacksmithCorporation on October 07, 2019, 10:42:49 PM

Quote from: christian07 on September 26, 2019, 09:08:42 PM

In trading you need to rely more on news like you need to risk in this way like the market is really volatile because this is really worldwide

Then buy only little by little and with gap like example buy if the time of btc are around $10000,$8000,$6000,$4000,$2000 but if you can't afford then don't do invest then you can back anytime here in crypto

Trading on news is a bad option, news always comes slow, when I know something, the price goes up or down, and there's also fake news. Depending on the news in the transaction, I would lose the initiative, which is really not good.

The news will only make people panic, and that is why they cannot see a chance to use the news, and they only get lost. Sometimes the news will not have any effect on the market because traders will think about searched on the other news that can be used for another source to compare the reality. So far, I don't rely on the news itself because I prefer to analyze the current market to see what is going on with the price so I can decide on what I need to do.

Maybe you can use the news when you find that the news can be fake news and makes people panic so you can get the benefits from the news. That will be your chance to get a low price when the price is dumped too deep. But if there is nothing happen with the market, you don't have to do anything except waiting for the price to go up or down.

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Quote from: BlacksmithCorporation on October 07, 2019, 10:42:49 PM

Quote from: christian07 on September 26, 2019, 09:08:42 PM

In trading you need to rely more on news like you need to risk in this way like the market is really volatile because this is really worldwide

Then buy only little by little and with gap like example buy if the time of btc are around $10000,$8000,$6000,$4000,$2000 but if you can't afford then don't do invest then you can back anytime here in crypto

Trading on news is a bad option, news always comes slow, when I know something, the price goes up or down, and there's also fake news. Depending on the news in the transaction, I would lose the initiative, which is really not good.

News can be used as basis in regards to positioning your entry or exit points while trading. It can help you to figure what to do next especially when there's really relevance to the current market situations. Use this information to be well guided and not to blindly follow any trend.
And like what you've just said, there's also fake news to create panics so you also need to verify the legitimacy of whoever forecast the information.

akungagal

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your advice is very good for a new trader.
i think you are right, trading twice a day is enough and one of the most important is being able to control yourself.

indeed everyone has their own perspective in trading, but i like the way you trade. i think the way you trade is quite safe in my opinion.

NathanJB

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It is great that it works for you. You seem to be cautious in your trading decisions. That is really the good way to go in trading. There is no need to rush. Rush decisions in trading will oftentimes end up a bad decision. Rush means emotions are running high. One has to take time studying the chart, waiting for the best entry, and making a moderate order.

One thing though. Take the opportunity to make buy orders when the market has not recovered yet. You are given a chance to buy coins at a cheap price during red times.

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Quote from: christian07 on September 26, 2019, 09:08:42 PM

In trading you need to rely more on news like you need to risk in this way like the market is really volatile because this is really worldwide

Then buy only little by little and with gap like example buy if the time of btc are around $10000,$8000,$6000,$4000,$2000 but if you can't afford then don't do invest then you can back anytime here in crypto

Trading on news is a bad option, news always comes slow, when I know something, the price goes up or down, and there's also fake news. Depending on the news in the transaction, I would lose the initiative, which is really not good.

jcpone

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

'
Trading is a matter of how you will discipline yourself when you are in the actual trade. I agreed, the being greed will only push you into losses
of you coins. And for us to succeed on trading let us use TIMING in a properly procedures. How? when you see the market is bleeding, I mean the price is falling, were many of the holders are panic, worried because of the situation, that's the right time for us to take advantage to buy at low price then hold.

crossabdd

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

actually there are two analyzes in crypto trading (including forex), namely technical and fundamental analysis, but read your posts. that includes 70% is technical analysis. You are right, if someone asks about starting a trade. self control is the main. including making profit and loss targets. time to trade, patience, and without emotion. the limit in technical analysis is looking at price reversals. and must carefully analyze the graph. if you rely on it, beginners must really be patient without emotion. to make a profit.

Maslate

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Quote from: ?? on ??

Quote from: cahbagus555 on October 07, 2019, 02:37:29 AM

Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

I think it's hard to explain good trading methods because everyone has different analysis and how to read markets. In my opinion there is no strategy or analysis that is sure to provide profit because every analysis can be wrong. But with that mistake, we can learn from experience and develop better strategies

People could experience a lot just by trading a quality coin. Ethereum has many perks.

As a trader, we always have our own analysis and that ours might not work for others. But with bitcoin and ethereum, they are both potential coins and can give us profits if we trade them when their prices are already stable. If their prices are still very low, then it would be the best time to start accumulating them and only trade them when their prices are already surging.

Cacingkemi

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

maybe precisely the trade you do is trade in a short time, because to be able to get big profits you have to buy coins that you will choose to trade by buying at the lowest price and reselling after the price rises sharply, and not waiting to trade when the price has surged high.

Masyudhi

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

Yes it is true, for myself greed for large profits can make us gain losses. And to trade alone, we need to observe the movement of market charts. To determine when a good point to trade and as you said do not trade in large quantities and enough 2 to 3 times a day to avoid the risk of loss that we can get later.

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Quote from: cahbagus555 on October 07, 2019, 02:37:29 AM

Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

-seen

I think it's hard to explain good trading methods because everyone has different analysis and how to read markets. In my opinion there is no strategy or analysis that is sure to provide profit because every analysis can be wrong. But with that mistake, we can learn from experience and develop better strategies

It is hard to trade and to use analysis for crypto-market because this market is new for everyone. There are no experts,
this is not an exact since, people use what they can in order to make some profit. There are people who are more lucky,
or they found some method that works for them.
Every person has different time period for trading, not everyone can watch charts for hours. With different time for trading,
different bankroll, different exchanges and fees, each of us should find what suits us best. Find your position and try to make
the best from it.

cahbagus555

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

I think it's hard to explain good trading methods because everyone has different analysis and how to read markets. In my opinion there is no strategy or analysis that is sure to provide profit because every analysis can be wrong. But with that mistake, we can learn from experience and develop better strategies

doomloop

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Quote from: stephanirain on October 06, 2019, 12:24:28 PM

Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

When to trade is when the indeed the market heals from sudden drop. That is best time to buy or invest when the prices are still lower and wait until the prices start to rise up again. Waiting for the pump can be a long time or short, we have no guarantees. Slow trading is also a good start to practice your skills and you will learn from the experience.

It entirely depends on the type of trader someone is. Individual skills also count but talking generally, the best time to trade is every time. When a person is dealing in digital currencies that are volatile and very beneficial, he must try to make as much money as he can by learning and working on daily basis. It is easy to say buying low and selling high but this is not a kid’s play to make right decision at right time.

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Quote from: herurist on September 26, 2019, 08:36:50 PM

If you want to trade, it's better to find the altcoin community, because there are lots of people there, we will know about how to trade and buy coins that will go up, I always look for sources from the public.

This can help like a lead to the decision of trade to execute. Trading cryptocurrency or bitcoin isn't easy so having a collection of people to get idea from can be better. For example in forex trade, the news is really changing the market direction but I don't know exactly what influence the bitcoin daily except for fork or halving.

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Quote from: 103deltafox on October 06, 2019, 01:35:05 PM

As a trader for you to be successful, you must first kill emotions before entering any trade, also when you make 10% - 30% profit on day trading, you should be able to close the trade else you get the consequences of greed.

Yup, right mindset and your emotions must be settled. Close your profits if you have taken that much. Be it 5% up to more than that should depend on how much you're looking at.

Quote from: 103deltafox on October 06, 2019, 01:35:05 PM

Also remember to use stop loss this helps a lot .

Additional is cut loss, these two are both useful.

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Quote from: criket on October 06, 2019, 01:45:39 PM

In the past, I was very greedy with the trade that I do every day. the first few days did benefit but after that the loss that followed greed. I learned from my own experience and now get enough small profits every day and get out of trade then come back the next day. I don't want to be greedy anymore, because I've lost my money because of greed.

In trading, it is better if we apply the method of short-term trading / daily, although the benefits we can make in daily trading is very small, but the benefits can we get routinely by turning our money on the trading market and of course things this is more able to avoid us from large losses, and usually our greed in looking for large profits can make us forget the risks we will face in trading.

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Quote from: 103deltafox on October 06, 2019, 01:35:05 PM

As a trader for you to be successful, you must first kill emotions before entering any trade, also when you make 10% - 30% profit on day trading, you should be able to close the trade else you get the consequences of greed. Also remember to use stop loss this helps a lot .

In the past, I was very greedy with the trade that I do every day. the first few days did benefit but after that the loss that followed greed. I learned from my own experience and now get enough small profits every day and get out of trade then come back the next day. I don't want to be greedy anymore, because I've lost my money because of greed.

103deltafox

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As a trader for you to be successful, you must first kill emotions before entering any trade, also when you make 10% - 30% profit on day trading, you should be able to close the trade else you get the consequences of greed. Also remember to use stop loss this helps a lot .

jajorforce

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

Trade hasn't good time, all time is good for trade. During dump you shouldn't hold your coin. I earned much than I loss in my trade history. 1 or 2 days this isn't problem in trading. Last advice is don't trade by any one coin, up to 5-10 coins with low amount.

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

When to trade is when the indeed the market heals from sudden drop. That is best time to buy or invest when the prices are still lower and wait until the prices start to rise up again. Waiting for the pump can be a long time or short, we have no guarantees. Slow trading is also a good start to practice your skills and you will learn from the experience.

Bonwin

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The whales and professional traders do not trade based on luck. They make adequate analysis, cause a lot of sways, by confusing other traders to either buy more or to dump. Which means they would have done their part and ensure that the game is on their side. So as a normal trader, you should not do of by luck.

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

Luck plays a role in the status of bitcoin but there are also other factors that determines whether bitcoin will go or down or flat lines in a given time. Those are the demand in the market, the prices of the other coins, some big announcements from crypto companies, some news about new laws that will be implemented in specific countries that has a big impact in the crypto industry, and many more. There is a lot to keep tabs on and the range of the changes in prices is too dynamic and difficult to estimate. That's where luck will play its role.

m.rifki

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Quote from: Zeke_23 on October 06, 2019, 10:39:20 AM

Being greedy will not cause you any good. Having a clear mind and patience will make you think and make a clear decision when it comes to trading. Trading is not about buying low and selling high. Its about building a strategy on how you can make a profit out of the money you invested in the crypto market.

but that is certainly what is experienced by a trader and investor. when it has seen the best price, sometimes it still waits and hopes to be even higher with more profit. as well as traders who are never satisfied with the profits that are made daily and continue to increase capital and trade. even if it continues it often results in losses due to losing the best moments and the best prices. I have experienced this situation.

Aabcde

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Quote from: Rufsilf on October 06, 2019, 10:20:23 AM

Quote from: AwoCorporation on October 06, 2019, 10:04:24 AM

Quote from: Aabcde on October 06, 2019, 09:52:53 AM

Your points is what i did in every possibility. I do trading by feeling because I'm not to much read the candle or anything about TA. In addition, I always do trade when hype is coming. Especially in new potential coin. I just feel confidence when do it. So, most of it give me a great value in several hours.

trading on new coins is indeed very profitable and also easy to make a profit. but be careful of projects that aren't very good. with bad developers, they may not have good plans and make their coin prices fall by selling coins without planning such as bounties and investors.

Having a sustainable market plan isn't for newly existed projects. That is why they never succeed or it will just a very short stay in the market and later on, they'll vanish from the tin air.

Not to say that new coins are very profitable cause they're not. Though they are even listed into some exchanges and what we actually saw is that zero market volume. If we are planning to do trading, it is much better if we only trade those coins that have already in most reliable one.

That's why I said 'new potential coin'. It's mean I did research first before entering the game. it's very hurt when you loss some funds right. I have lost much balance in ICO last year, and that's make me more aware and say no more to ICO. Just buy when it entering market.

Zeke_23

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Quote from: masterrex on October 06, 2019, 09:42:10 AM

Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

I agree with these! But when im doing trading i dont rely much on bitcoin usually im choosing 5 coins/tokens to trade in a day sometimes 2-3 times per day thats why i dont care if Bitcoin Trading price was fluctuate much in a day, Because im rarely using bitcoin to trade with other coins/tokens USDT or stablecoins is my choice but im holding BTC for some reason.

Being greedy will not cause you any good. Having a clear mind and patience will make you think and make a clear decision when it comes to trading. Trading is not about buying low and selling high. Its about building a strategy on how you can make a profit out of the money you invested in the crypto market.

Mysteryla

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Trading can be very interesting and you might enjoy it while trading, because you are gaining, but you should always leave room for times that you might lose, else, if it happens to you, it might get you discouraged. The nature of cryptocurrency requires a lot of preparedness, so be prepared fro whatever might come your way.

Rufsilf

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Quote from: AwoCorporation on October 06, 2019, 10:04:24 AM

Quote from: Aabcde on October 06, 2019, 09:52:53 AM

Your points is what i did in every possibility. I do trading by feeling because I'm not to much read the candle or anything about TA. In addition, I always do trade when hype is coming. Especially in new potential coin. I just feel confidence when do it. So, most of it give me a great value in several hours.

trading on new coins is indeed very profitable and also easy to make a profit. but be careful of projects that aren't very good. with bad developers, they may not have good plans and make their coin prices fall by selling coins without planning such as bounties and investors.

Having a sustainable market plan isn't for newly existed projects. That is why they never succeed or it will just a very short stay in the market and later on, they'll vanish from the tin air.

Not to say that new coins are very profitable cause they're not. Though they are even listed into some exchanges and what we actually saw is that zero market volume. If we are planning to do trading, it is much better if we only trade those coins that have already in most reliable one.

AwoCorporation

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Quote from: Aabcde on October 06, 2019, 09:52:53 AM

Your points is what i did in every possibility. I do trading by feeling because I'm not to much read the candle or anything about TA. In addition, I always do trade when hype is coming. Especially in new potential coin. I just feel confidence when do it. So, most of it give me a great value in several hours.

trading on new coins is indeed very profitable and also easy to make a profit. but be careful of projects that aren't very good. with bad developers, they may not have good plans and make their coin prices fall by selling coins without planning such as bounties and investors.

Aabcde

sr. member

Activity: 1050

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Your points is what i did in every possibility. I do trading by feeling because I'm not to much read the candle or anything about TA. In addition, I always do trade when hype is coming. Especially in new potential coin. I just feel confidence when do it. So, most of it give me a great value in several hours.

masterrex

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

I agree with these! But when im doing trading i dont rely much on bitcoin usually im choosing 5 coins/tokens to trade in a day sometimes 2-3 times per day thats why i dont care if Bitcoin Trading price was fluctuate much in a day, Because im rarely using bitcoin to trade with other coins/tokens USDT or stablecoins is my choice but im holding BTC for some reason.

rocku12345

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

In addition
1.IHMO it depends from the type of trade you wish to use. For a long trade it is the best to analyze 1Y graph. There you can see financial support levels and this is actual not only for cryptocurrency.
2. It is a trend to use bots now. So if you beleive to AI you may try your luck on some exchange. Especially if you have a lot of time and trying slow and low value trading.

andra73

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Quote from: bitjoin on October 06, 2019, 09:25:41 AM

very good advice, You have opened the eyes of people who have always prioritized greed when trading. In trading there is no such thing as luck, need the right strategy and time to get multiple benefits, we must maximize every opportunity available to get the best opportunity.

You are right, the main thing is the skill that must be possessed in a trade. if you only rely on luck I think it will be difficult to and might be inclined to loss. if you want to learn in trading then start focusing on one asset and learn how that asset has moved in the market. because each asset has a different character to trade in the market.

bitjoin

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very good advice, You have opened the eyes of people who have always prioritized greed when trading. In trading there is no such thing as luck, need the right strategy and time to get multiple benefits, we must maximize every opportunity available to get the best opportunity.

republicrypto

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Keep it Simple guys :)

Quote from: mamesso on September 27, 2019, 01:27:21 AM

Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

Greed is the most dangerous emotion in trading, when traders can't control greed, then it will continue to go further without thinking about the risks that will be faced. When trading in cryptocurrency we must be able to control emotions to minimize the risk of loss, at the time of loss, will not panic and take revenge which results in overtreding.

yes,, greed will ignore anything, even your capital and in the end you will lose all your money because of that
so, people should have patience and don't be greedy when they trading
regards

Danslip

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Leading Crypto Sports Betting & Casino Platform

Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

The two bad sides of the crypto trading, especially in the volatile days on the market. The emotional trading and perfectionism are the enemies of all crypto traders due to the more weight of disadvantages than advantages in my opinion. If you already figured out the reasons why major trades in your account are in the red, you are good to go after fixing these problems.

xamxam

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

Almost all traders on the map of bitcoin or crypto are experiencing defeat, but most traders are really into greed, whether they want a millionaire day, the hope of luck, no that's possible in real life trader.
It is only important that you have a goal of how many% you want to get each day, maybe 10% if you can achieve that you can stop by the next day to practice again just as easily.

Xanxus024

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Well there's no luck in trading better to read an article news regarding on crypto but basically we need to learn more news on bitcoin because it's all started there when the hype is coming for sure the price will increase then if there's a bad news probably the price will go down, right timing and good searching is one of the key so even if you loose no regrets and traders has guts every time to made a trade.

randegibran

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Activity: 882

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Many investor never know when have to start trade to buy coin because many investor buy coin when price on higher, just few time price have down and make them sell coin with lower price.

BITDV

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Undeads.com - P2E Runner Game

Nice advice, i add some additional informations to complete it.

Quote

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

Make sure to analyze price movement before make open position, analyze support & Resistant, macd, awesome oscillator (web crypto exchange not support this). Also don't trade when you need money faster, dont have more money, or in bad mood it will make your mindset become greed

sana54210

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I believe that one of the characteristics of trading is to always head for the dip of the coins and buy, then we sell when the price recovers, but now that you say we should only trade when bitcoin recovers, is that not an opportunity lost already? one thing that I discovered about bitcoin trading is that anytime that there is a dip and yet to recover back is when I always get the chance to trade, because as the price of bitcoin dip to $8k now, the bulls would want to charge back, and you get to see lots of fluctuation which make it to be rising a little and falling back until it finally succeed in breaking the barrier.

During those high fluctuations, that is when I make money the most before the price recovers. if I wait for the price to recover back to $10k if that was not the correction, then I will struggle with deciding if the value will drop or not, but as it is on $8k now, I already know that no matter what, it will definitely head back for $10k.

Kvalentine

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Quote from: herurist on September 26, 2019, 08:36:50 PM

If you want to trade, it's better to find the altcoin community, because there are lots of people there, we will know about how to trade and buy coins that will go up, I always look for sources from the public.

What are you talking about? what do you mean by better to find the altcoin community? this section is altcoin discussion thread and i think its enough to make other altcoin traders be aware of my original post, if anyone have better trading strategy then should kindly add

terrorJR

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Suggestions in many people are good but I am more concerned with myself because that is what we will know how to trade the truth, and find a market where you like.

jmigdlc99

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Activity: 784

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

In now way can trading be limited down to 2 questions and answers. There is a science behind it that analysts and stock brokers study for years and year. Trading without doing the necessary research and analysis is the best way to loose your money.

If you are trading and only asking those 2 questions then you are about to loose your money. You should start reasearching more about trading imho.

TanakabZX

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Activity: 504

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

In trading you have to find your own way, others strategy won't work for you no matter how you try, you need to be prepared for the worst and learn how to predict market movements, find your own way friend trading is not something you can just copycat

Miklight88

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Activity: 238

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GDZKVBV3L3JU5TFDBWMUMPZAHD3OSM2I3TAJRWPG7KU5U4UZCI

it is a good thing to know when to trade and how to trade but many dont know when and how to do so which end up in red or rekt for them .

currently there is a bear market and the manipulation in the market is also a great mistake for the market to pick but many tot is all about moon forgetting that dumping is part of the market which will give a kind of momentum .

mamesso

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

Greed is the most dangerous emotion in trading, when traders can't control greed, then it will continue to go further without thinking about the risks that will be faced. When trading in cryptocurrency we must be able to control emotions to minimize the risk of loss, at the time of loss, will not panic and take revenge which results in overtreding.

christian07

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In trading you need to rely more on news like you need to risk in this way like the market is really volatile because this is really worldwide

Then buy only little by little and with gap like example buy if the time of btc are around $10000,$8000,$6000,$4000,$2000 but if you can't afford then don't do invest then you can back anytime here in crypto

herurist

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If you want to trade, it's better to find the altcoin community, because there are lots of people there, we will know about how to trade and buy coins that will go up, I always look for sources from the public.

batang_bitcoin

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Base on my experience, when I'm expecting too much profit as I trade it is pushing me to the limits up to the point of losing.
Why? because I've already profit if I've sold at a not so high price which is a considerably good amount. But because I'm not confident and contented during that time, the market started to correct and that made me instead of profiting to losing.

crazy-pilot

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SmartFi - EARN, LEND & TRADE

No one will tell you all the secrets of trading. You must understand for yourself how you should trade. Many tips that work for other people will be useless to you, remember this. However, you should avoid greed, it will destroy you.

taufik123

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Quote from: Doranile432 on September 26, 2019, 05:50:05 AM

Youve answered the most important mistakes many new crypto traders can't do without, greed is the answer, not knowing when to quit is really where the problem lies, no matter how good you are at trading you will lose and win so even if you keep wining you will eventually lose, why nit quit for the day and resume the next day?

The most important thing and needs to be learned also is how to manage trading capital so it does not fall apart and can make trading more comfortable and safe capital. If Technical and Fundamental likes to master, Capital Management must understand and understand.

dark08

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Quote from: Kvalentine on September 26, 2019, 04:08:47 AM

Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

Its easy to said but to take action is hard specially if you cannot control your emotion this is only one of advice that I reaf in this forum hut first you enter in trading industry make sure you know what kind of trader who you are, proper way of learning plus experienced is the best strategy in trading.

ivaf

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Good advice. I really tried to do this in a recent growing market, and I managed to make a small profit.

OasisDre

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When trading you can't be too eager to make profits or too anxious to recover your loss,at first do not trade with money you can't afford to lose, by doing this you will have a calmed mind, but till date i haven't find the best strategy to trading infact it feels like there is none

jhenfelipe

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Activity: 1372

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Different perspectives, so it depends.

When to trade? Well, no one knows exactly what will happen (will price go up or down), so thinking about it, I trade when it feels right. "Use your best judgement" and trust it.

How to trade (don't think that's the right question), but anyway I somehow agree with your statement there. It's the emotion overall. Either you get too excited with the profits you have earned or you're eager to recover your losses. Learn to stay calm, have a target number in mind beforehand, when I get xx% profit I'll stop, when I've lost xx% I'll stop (something like that). More of a self discipline too to accomplish that.

ethereumhunter

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But it is difficult to know when bitcoin will slow recovery as we only know that the candle will go green candle. That will no guarantee to us to buy bitcoin at that price, but if we are lucky, we could get the lowest price before the price increase in the next hour.

Yes, avoiding greed will necessary in trading. We should take care of our emotion while we also need to think how to prevent greedy become bigger. We can make a target price to sell so we can prevent greed.

cudora

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Cryptoknowmics - World's First Decentralized Media

You would fail if you would be too greedy, especially on such a market, a very good advice indeed. But in my opinion you should search for a liquid trading pairs and good exchanges, because those are the core factors of at least a tiny profit.

X-ray

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To take the recovery phase as a time to buy crypto or go back in to the market is too risky in my opinion. Remember about there will be a chance if that can become another bulltrap only and that's it.
For me i always take the bearish trend as a discount for me to buy crypto and it works till this day and this time i have earned more than 30% from some of altcoins.
Never try to be a greedy person and just cash out when we have already in profit.

HB Wallet

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Quote from: Doranile432 on September 26, 2019, 05:50:05 AM

Youve answered the most important mistakes many new crypto traders can't do without, greed is the answer, not knowing when to quit is really where the problem lies, no matter how good you are at trading you will lose and win so even if you keep wining you will eventually lose, why nit quit for the day and resume the next day?

It's easy said than done. So it's better not making trades based on your emotions.

Doranile432

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Activity: 476

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Youve answered the most important mistakes many new crypto traders can't do without, greed is the answer, not knowing when to quit is really where the problem lies, no matter how good you are at trading you will lose and win so even if you keep wining you will eventually lose, why nit quit for the day and resume the next day?

Kvalentine

member

Activity: 504

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Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.

1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.

2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.

i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.

Topic: Trading Answers (Read 630 times)