Trading for the Inexperienced Traders - page 11.

JRoa

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Quote from: danherbias07 on December 31, 2018, 03:44:35 AM

That is why it takes patience to make it possible for profit.

Learned from my mistakes before.
Trading without patience is like just betting for the losing team always. You need to at least wait for a day or two or maybe 12 hours for a larger scale of price change.

Trading on rush will just eat up paying for transaction fees.

Patience is important because without patience, we cannot get the return of our investments. For thos newbies that are still inexperienced trader, their first focus are should become a knowledgeable person and become a trader who have experienced.

richcorner100

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We have to understanding the risk of trading first, in crypto trading that has very high fluctuacion we can loss much money just afew days , and we should be have strategy how to avoid more loss if our analysis wrong. Understanding how to use stop loss is the most important thing for beginner trader.

mirakal

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Quote from: Savemore on January 27, 2019, 07:02:38 PM

That's why we should trade and trade for us to gain experienced.

You'll benefit on that experience if you learn from it, some traders just continue to do their strategy and they did not tract their record, it's not wise IMO.
They complain on the market situation because they think it's a big hindrance for them to be profitable but the real thing is not, traders should adopt in every situation, I mean good trader.

Quote from: Savemore on January 27, 2019, 07:02:38 PM

Experienced is a one of the factors for us to win in trading. If we have a lot of experiences, we are now aware to what strategy that we should use in every situations.

Like I mentioned, you learn from your experience, there are a lot of long time traders now but not all of them are successful.

karloscimot

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Quote from: audaciousbeing on December 31, 2018, 03:39:26 AM

You have made some decent and find a nice way to hedge your risk which is the best decision any trader launching out should do as its that way frustration would set in. But the real question in the mind of newbie traders is how do they know the right coin to follow and implement this idea you have suggested because without that, it won't matter as whether you make your decision once in a month or ten times, it would still end up being a bad decision which I believe everyone is always trying to avoid.

one of the safest ways to trade is by following a positive trend that is happening by one coin, because usually a positive path can last long enough, or we can trade on a daily basis so we can avoid a lot of losses, if prices deteriorate we can directly Get out and get out of the trade first, the price movements of crypto are very fast, requiring us to always analyze quickly.

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That's why we should trade and trade for us to gain experienced. Experienced is a one of the factors for us to win in trading. If we have a lot of experiences, we are now aware to what strategy that we should use in every situations.

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Quote from: Timmzzy on January 25, 2019, 06:42:57 PM

Quote from: Jhonyguy on January 24, 2019, 05:22:17 PM

when we are especially learning by our-self then guidance from professional trader is really helpful i was lucky that i found a pro trader and e helped me a lot

Same thing goes to me when I first learnt how to trade, that's around 2017 and 2018, I could remember the little funds I used for the start, definitely had no professional trader to help me with it, it was all me doing the reading interpret the charts and all that.

So right now, I hope you can analyze the chart better than 2017 and 2018 because that is what we need to be a professional trader in the future. I am sure by learning from the internet, and we can get some good lesson to analyze the market so we can predict where the market wants to go. It will be useful for us, and we can increase our skills day by day and in the end, we can be an experienced trader like other people.

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So anyway, I applied as a merit source :)

Quote from: Timmzzy on January 25, 2019, 06:36:48 PM

Is a good advise not to trade everyday if you ain't a PRO but many newbies don't really wanna take it nice and slow. In trading we don't rush it there are many things to put in mind when embarking for trading.

Day trading literally needs to be done daily. You need to open new positions and close old ones. A lot of logging and calculations are needed here along with precise decisions of when to buy or sell. It need a lot of analysis and a bit of luck on the trader's part. Personally I dont think it should be tried by a newbie traders. They should try some dummy trading at first and learn to do TA on their own and see it that matches out in future.

Gradually they will be able to trade altcoins and bitcoin much easily and make profits at the same time.

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There are many things that must be learned in altcoin trading, but the most influential is experience, and that is not theory.
many people try to do it with various guides on youtube or articles, they finally give up.
Long-term trading is more appropriate for traders who have no experience.

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Quote from: Jhonyguy on January 24, 2019, 05:22:17 PM

when we are especially learning by our-self then guidance from professional trader is really helpful i was lucky that i found a pro trader and e helped me a lot

Same thing goes to me when I first learnt how to trade, that's around 2017 and 2018, I could remember the little funds I used for the start, definitely had no professional trader to help me with it, it was all me doing the reading interpret the charts and all that.

Timmzzy

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Quote from: yesyes18 on December 30, 2018, 07:42:32 PM

When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.

First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

Merry Christmas (if you celebrate) and a Happy New Year to y'all.

Is a good advise not to trade everyday if you ain't a PRO but many newbies don't really wanna take it nice and slow. In trading we don't rush it there are many things to put in mind when embarking for trading.

South Park

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Quote from: cjie on January 24, 2019, 06:16:19 PM

Trading is very interesting when you know what you are doing. Before you venture into trading of any coin or token you do a thorough finding of the token or coin and consistently monitor the coin for a week or 2 weeks to see the pattern of the chart move to be able to draw a conclusion about the coin.

There is not any need to wait for two weeks before you place a trade in a coin you do not know if you are using technical analysis, the only thing that you need to do if you want to see some of the patterns that occur in that coin is to look at the previous two weeks and see how it has been moving, after that the only thing that you need to do is to wait for your particular strategy to give you a signal to buy that coin.

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Quote from: wayancrypto on January 24, 2019, 08:42:04 PM

i just confidence the price will keep going up

I hope that you can sell your coins when the price increase because you won't see it increase higher and maybe you will lose your chance to sell at the high price. That is what we've faced when we see the price increase, rather than sell the coin, we still hold it for a while and hope that the price can increase higher but the reality, the price is down in the next second and even we cannot sell to make a profit. So my suggestion, sell your coins when the price can increase, at least you can sell to get your money back so you can save your money first.

wayancrypto

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I just make review of my trading experience, and i know i did alot of mistake because i learned trading by self. I did not know how to use stop loss and i just confidence the price will keep going up. So for beginner trader is better to know first the risk of trading and then learn how to make risk management . Also we have to ask and sharing to the expert trader to have more knowledge in trading.

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Quote from: Jhonyguy on January 24, 2019, 05:22:17 PM

when we are especially learning by our-self then guidance from professional trader is really helpful i was lucky that i found a pro trader and e helped me a lot

Not all of us are lucky like, you should be thankful since you got already a free adviser/coach for you to be able to learn through the hard process in the market without struggling to research and reading more stressful information in those untrusted websites. When I first do the trading I have a lot of questions and wondering why it is like this and that and what is this terminology they are using here. So, imagine the struggle I've been through before I got to trade on my own without any help from the pros.

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Quote from: yesyes18 on December 30, 2018, 07:42:32 PM

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

This target is quite too big for inexperienced traders or newbie specially if they have little knowledge about charts and using the tools available in the exchange sites. 2% - 3% target is feasible for this kind of market that we are experiencing now. And as soon as you hit 2% - 3% target, sell right away and don't be greedy, sometimes when we think price will continue to go up and we hold on to the coin, price drops like a fly and we are trapped holding a coin that we bought at a high price.

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Quote from: heninur on January 24, 2019, 08:03:49 AM

actually the first capital if you want to start trading is that we have to strengthen our desire to trade, we must be absolutely sure if we want to trade. because if we are not sure in trading, we will be easily affected and back down if we suffer losses, we must know that the biggest risk in trading is losing all the money traded.

Trading balance is not subject to feeding our desire unless someone reach to professional level. Trader should be able to manage risks with mastering himself. Managing emotions is more important than thinking about profit. Inexperienced traders need to increase their learning capacity before moving to real trading from demo accounts.

cjie

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Trading is very interesting when you know what you are doing. Before you venture into trading of any coin or token you do a thorough finding of the token or coin and consistently monitor the coin for a week or 2 weeks to see the pattern of the chart move to be able to draw a conclusion about the coin.

Jhonyguy

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when we are especially learning by our-self then guidance from professional trader is really helpful i was lucky that i found a pro trader and e helped me a lot

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Quote from: sclmte on December 31, 2018, 12:08:58 AM

maybe at the beginning it's hard to do the very first thing about a trading way or else we're going to lose everything, but that's about to start that the second time and so on will be ok ... as I'm and until now, I'm still not knowing how to do a trading procedure, well when I stay as a member of the crypto world, I will try and will also come up with the time I go for the trading platform and I will definitely try it soon.

Correction, not "MAYBE" instead it is really difficult to learn trading for the first timer here, there's no shortcut also for us to earn quickly.

Trading needs time for the individual trader to spend time of learning about the basic things that we should know first.

Indrawan77

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The first need is to learn the basic, its true thr market has three sides and the easiest way yo make money is the bulk market but its hard to determine the bull market, sometimes its just pumping sometimes its just manipulation, so I suggest to trade with small amount no matter what market it is, and I agree that beginner should not do day trading, aim for short and mid term, if you aim for long term then you can't learn anything, you need experience to become a better trader

Topic: Trading for the Inexperienced Traders - page 11. (Read 22036 times)