First, you need to gain knowledge about coins. Every coin you trade in should be researched and analyzed. No trading will guarantee you success. Never trade more money if you are not ready to lose your money. That is, invest as much money as you are prepared to lose. If you trade without skill, you will only lose your money. Before trading you must consult with an experienced trader. And when you trade you must do your trading market research.
If someone is new to trading, he must start with an understanding of the trade. Before investing in any coin, he must think about how much money he can keep calm in case of loss.It is not right to invest with the idea that you will get money after investing. If you invest, you have to accept the profit and loss and invest. But for beginners, investing is a little difficult. There is a high risk of losing all the money due to some wrong decisions. 
Topic: Trading as a newbie? (Read 2992 times)
Quote from: JamesDaniel90
Anyone done something similar or will it just lead me to losing my money?
Yes, It will lead you to hate the strategy you are using at the moment and it will make you not to have interest in that particular coins in the market. Many Short traders has lost a huge amount of money from such strategy, because they believe if they buy when the price decrease to 10%, and hold until the price increase higher to 15% or 20% before they can sell to earn a little profits from the market. I will advice you to try and invest in Bitcoin and apply long holding , I believe it will help you to improve higher in profits making in your trading because Bitcoin is among the potential coin that can give you a huge amount of profits in future if you can endure with the market season.
The market will not move the way you planned. Right now the market is dumping 10% and you take the trade seeing that 10% dumping but after you take the trade the market goes down further and it is normal to see the volatility of the market and it is difficult to predict which direction the market will go. Instead of trading with the idea that the market will pump again after some dumping, you should understand the market and accept trading. First you need to know enough about trading, you need to have enough idea about every aspect of trading, then you need to use that idea and take trading at the right time by observing the market. If this is how you can trade then this plan or method will be more useful than what you have planned.
I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.
if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easyLearning to adopt with the market situation is something that you will learn along the way,
And I understand that newbie always have that temptation to trade in a daily manner, meaning to say that in each market movement
they wanted to execute their position, something that is really dangerous, as volatility will lead them to lose. There's always a good time
to adjust and learn, just earn it from each trades that you execute, win or lose. You should learn to enhance your knowledge.
could really be solely learn on the time that you would really be making out such engagement on the current market or have to deal and make trades with it. Yes, its not really that bad on reading up with those theories yet this one would really be giving out that kind of familiarity on which it would really be just that so normal that we would really be having this kind of approach since its just always the basics.
Only fools would really be making out those immediate step knowing that they cant really just able to dive in without sufficient knowledge into it.
Trading is free for anyone, it is really just not that so simple for someone to be able to deal with specially on this market which is really that truly unpredictable and something that cant
really be able to sustain so easily. It would really be acquiring that knowledge and skills that you do gain up overtime.
I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.
if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easyLearning to adopt with the market situation is something that you will learn along the way,
And I understand that newbie always have that temptation to trade in a daily manner, meaning to say that in each market movement
they wanted to execute their position, something that is really dangerous, as volatility will lead them to lose. There's always a good time
to adjust and learn, just earn it from each trades that you execute, win or lose. You should learn to enhance your knowledge.
I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.
if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easy
I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.
- It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.
With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn agood result in the wnd.
With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn agood result in the wnd.
Learning from the experienced of other traders will give you an idea what you need to understand first before investing your money.
You are right, newcomers need to have basic knowledge regarding to this industry and know if
the personality they've got is fit to this kind of market, it's not about earning quick profits or an
idea that crypto is a good way to earn quick money. Instead, crypto might be the best place if you
wanted to lose your money.
In trading a person must have full control in himself, do not let emotions control him because there will be many impacts they receive and generally they will experience MC.
- It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.
With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn agood result in the wnd.
With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn agood result in the wnd.
Learning from the experienced of other traders will give you an idea what you need to understand first before investing your money.
You are right, newcomers need to have basic knowledge regarding to this industry and know if
the personality they've got is fit to this kind of market, it's not about earning quick profits or an
idea that crypto is a good way to earn quick money. Instead, crypto might be the best place if you
wanted to lose your money.
Every exchange had their own advantages and disadvantages.Binance is one of the recommended exchanges by the most of the traders and experienced investors also use the Binance as compared to other exchanges.But binance also had the disadvantage of future trading part,if you use the future trading surely it will get all your invested money.Most the people who excited by the minor profit from future trading will get loss of huge money.Even many of my friends loss huge money from future trading.
If you think that you will always make profit by trading, then you are wrong because even if you trade by analyzing the market, you have to face losses at times but the chances of profit are more than losses. There are certain rules of trading and trading requires adequate education. I made an account in an exchange, deposited money and bought any coin and sold it again, this is not how trading is done. If you want to do trading, you must first know about trading and understand the market. Excessive anger, pride or emotions must be avoided in trading as they will act as your enemy. You must understand the importance of money before trading. Whenever you understand the importance of money, you will not take any wrong decision in trading. 
Being a newbie in trading, learning should be your first area of interest and if you're really good at it, you will not loose whatever you have invested on to trade and making mistakes will not be your weak point because you know what you're doing, maybe people are to relunctant to learning because of the demands involved, having the knowledge required is far better than making the investment because without the required basic knowledge on trading, all investment made will be waste because there won't be enough idea to secure them in times of challenges.
- It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.
With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn agood result in the wnd.
With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn agood result in the wnd.
Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
You think quite right. But don't use much money, use only those you can afford to lose. Even with all the market predictions the market still remains unpredictable I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Stay away from pump and dump games, you will regret it later.I agree more if you start investing instead of taking advantage of the pump and dump situation on that altcoin. You should probably ignore it as much as possible because in most cases the trader will lose money because of it. But if you want to trade, then do your analysis on some good altcoin even if only for small profits.
I agree with you. This may work one or more times, but very soon you can lose money because of this strategy. You very correctly noted that you should first learn with small amounts of money, gain experience, knowledge, and then gradually increase the amount. What the author of the article writes about worries many beginners who think that everything is not so difficult) But this is a dangerous thought. Better not play the game pump and dump
Precisely I think for beginners it's better to focus on top Altcoin trading, I think it will reduce the risk a little even though the percentage of profits is also small, we will be able to learn many things and get a lot of experience from trading the trades that we do.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Stay away from pump and dump games, you will regret it later.I agree more if you start investing instead of taking advantage of the pump and dump situation on that altcoin. You should probably ignore it as much as possible because in most cases the trader will lose money because of it. But if you want to trade, then do your analysis on some good altcoin even if only for small profits.
I agree with you. This may work one or more times, but very soon you can lose money because of this strategy. You very correctly noted that you should first learn with small amounts of money, gain experience, knowledge, and then gradually increase the amount. What the author of the article writes about worries many beginners who think that everything is not so difficult) But this is a dangerous thought. Better not play the game pump and dump
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating
It’s way much of an ambitious plan for a beginner.The good news is, you’ve got a plan and trading with a plan is always a good way for a start, since you’ve hit a defined point where you would be satisfied with the profits you’ve got and that would in turn put your greed in check.
One fault in your plans though, you didn’t consider the possibility of loosing, even as a beginner of which you’re bound to make a lot of mistakes with no experience to help. As a beginner, you’re most likely going to have more loses than profits. Your only asylum would be you, trying out your practice trading days on a demo app.
That way, you can build certain approaches towards trading the market and do your best to keep to it. It’s what would save you from loses.
As for me, for a start, it's not even bad. This is what trading is based on. Buy cheaper - sell more expensive - this is the base. But unfortunately not everything is so simple. It doesn't always work. Sometimes the coin falls and falls. Therefore, it is necessary to set a limit so as not to lose a lot of money. In other words, coins that lose value do not always return it later. There are many more things that you will have to deal with. To begin with, remember the most important thing - use only the money that you can afford to lose. Because without losses there is no profit.
And do not forget that most beginners who think that everything is actually easier than it seems - lose money. I wish you success
And do not forget that most beginners who think that everything is actually easier than it seems - lose money. I wish you success
First, you need to gain knowledge about coins. Every coin you trade in should be researched and analyzed. No trading will guarantee you success. Never trade more money if you are not ready to lose your money. That is, invest as much money as you are prepared to lose. If you trade without skill, you will only lose your money. Before trading you must consult with an experienced trader. And when you trade you must do your trading market research.
Of course first of all you need to know about trading before you know about coins you need to know about market first. When a trader goes to start a business for the first time, he must gain experience following various aspects of trading. In other words, a businessman should be highly skilled in all the things he should know in order to make a profit. If you know how to analyze the market, it is possible to be successful in trading, so it is very important to have knowledge about the market, otherwise you will never be able to move forward in business. Following the advice of an experienced and skilled investor or trader can lead to success in the future so it is important to fill these points before starting trading. 
Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
As a newbie at first you need gather Knowledge about trading as a newbies. and you have to use a exchanger to trade smoothly. Coinbase is good but i think exchanger is best for newbies. And after that you need invest for trade. I think As a newbie you have to take small profits first like 5%-6%- 7% etc. After some days your Experience level will high and you will get more profit. So i want to tell all newbies please study more and more and gather knowledge about cryptocurrency market and trading you will be profited from this market today or tomorrow. I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
Yeh it's looking great strategy for recovery but thier is no surityAnyone done something similar or will it just lead me to losing my money?
That repeating such strategy will always give some green decent results, as because there are tons of new altCoins in Market which hasn't hit his All Time High a long time ago, so some time when you invest in any price dumped coin blindly in order to get some profit will damage your portfolio
Because such coins has simple motive firstly to get people attention for investment and then sell most of supply to get profit and done scam.
So the point is not every time coins will pump after your investment during dump, so to avoid such loses you should choose Bitcoin where you will get profit by investing at any possible price.
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