Trading techniques/advice from those who are make a living from it

Low Sigma

member

Activity: 86

Merit: 10

Algorithmic Trader

Quote from: MiningSensei on December 17, 2017, 01:41:12 PM

All of those guys are saying that they are "experts" in trading, are a total LIE, they are saying that you probably need to pay them $100 a month to send you signals or tips, but they are NEWBIES, nothing more than that.

Probably they invested in * coin and it doubled the price in two days, but that is pure luck, not skills.

Quote from: shinzuko757 on December 17, 2017, 10:12:09 AM

Youtube is full of trading techniques for BTC and alts, many of them seem well researched but I don't know if they actually make good money from it.

This is wrong, the only way to make a living and being a succesfull guy in trading is just by trading with information and with your own insticts, and of course, with NO EMOTIONS.

Quote from: shinzuko757 on December 17, 2017, 10:12:09 AM

I read advice that ranges from using just technical analysis to advice that says the best traders only use price action and volume as all technical analysis is just past trends.

Dont pay money for signals or tips, they all are a waste of time and money

+1, very well said.

I would also add: forget TA and focus on quantitative analysis techniques and use scripts/semi-automated software to eliminate emotions from trading.

pushkarmore

full member

Activity: 241

Merit: 100

Well if you are really searching for the real talent of trading then better go and search for some professional advisors or some person who is been trading full time for at least 5+ years and making a good income from the trading. I have been suffered a lot from misguiding many things about trading at first when I was coached by a wrong guy, afterward when I started following people who are here in this field from many years.

Techniques and approaches like contrarian trading with price action and dow theory as the base strategy is an important one to follow right from beginner to professional level.Apart from these, I like to use RSI for oscillators and trend following, Bollinger band for measuring the volatility, volume for confirmation, Adxfor strength on the trend and candlesticks for entry and exit purposes.

iram1011

hero member

Activity: 896

Merit: 521

I went through all the posts here and none seem to give any answer.

Many are calling Youtube videos BS. But I tend to differ. There are some amazing channels with in depth knowledge of trend and chart analysis. Regarding TA, I have been trading for a time now and have experienced that TA works very well in short term like a period of some days. Always keep Bitcoin price movement in consideration when dealing with altcoins. If Bitcoin is highly bullish or bearish, TA generally fails. At that time altcoins are not the best investments. Always trade altcoins after proper chart analysis when Bitcoin is stable like it is now. Right now if you understand charts, you can make some amazing profits and I am having some great profits right now. Added to that always keep a watch on news and announcements of altcoins, they can bring massive pumps. You can try some twitter accounts or telegram group for that. Never follow P&D group. Try to understand whale's action which comes with experience.

Always know when to exit! Never be greedy to exit at ATH!

vindesel

newbie

Activity: 238

Merit: 0

Quote from: wantjokull on December 18, 2017, 09:12:29 AM

I might be half trader in your scenario because I’m making my living from signature campaigns as well as from the day trading. First thing first, I’m not a expert in the trading field so I don’t really judge the trade in professional ways. I would always go wit simplest form of the trade that is swing trading! Yes, that can actually help you earn enough with which you can at last pay your rent as well as the bills for you heater! The only trick that lyes behind the crypto trade is choosing of the proper coin to trade and in addition to that knowing your power of holding. The holding for long is like holding the wine. The longer you hold it the more and more tastier it becomes. So never ever miss this while you are making trade on the coin which is potential coin of the top list. So from my side just pretty small tips and they follows in the order like this: Earn some knowledge about the coin, choose it wisely and invest affordable money into it first. Then have the guts to hold it for loner period even in the situation where the coin is dumping itself hard! Then make the best trade ever at higher rates. :-)

thank you for the information, very helpful me in trading. I've always been wrong in trading, when I sell altcoin a few days later the price goes up high and makes me very disappointed.

wantjokull

sr. member

Activity: 700

Merit: 275

I might be half trader in your scenario because I’m making my living from signature campaigns as well as from the day trading. First thing first, I’m not a expert in the trading field so I don’t really judge the trade in professional ways. I would always go wit simplest form of the trade that is swing trading! Yes, that can actually help you earn enough with which you can at last pay your rent as well as the bills for you heater! The only trick that lyes behind the crypto trade is choosing of the proper coin to trade and in addition to that knowing your power of holding. The holding for long is like holding the wine. The longer you hold it the more and more tastier it becomes. So never ever miss this while you are making trade on the coin which is potential coin of the top list. So from my side just pretty small tips and they follows in the order like this: Earn some knowledge about the coin, choose it wisely and invest affordable money into it first. Then have the guts to hold it for loner period even in the situation where the coin is dumping itself hard! Then make the best trade ever at higher rates. :-)

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: shinzuko757 on December 17, 2017, 10:12:09 AM

Youtube is full of trading techniques for BTC and alts, many of them seem well researched but I don't know if they actually make good money from it. I read advice that ranges from using just technical analysis to advice that says the best traders only use price action and volume as all technical analysis is just past trends.

No two traders are the same. I would say that you should research several methods and build a well-rounded system that isn't overly reliant on one school of thought. A few recommendations:

1) Tim West's time-at-mode analysis. This is a very practical approach to trading consolidations and breakouts with tools for proper risk vs. reward entries and targets.

2) John Bollinger's "Bollinger Band" analysis. Follow him on Twitter. He drops hints there about trading setups he uses, and there are lots of good tutorials out there on how to use BBs.

3) I also recommend learning about cycle analysis like Wyckoff and Elliot Wave. But I would caution not to become overly reliant on these. They are good for providing a "bird's eye view" of markets. Not so good for short-term analysis.

minersday

hero member

Activity: 1484

Merit: 535

There aren't many people making a living from trading.. The only ones who might be able to do a good living are those who have been trading on forex for more than years.

Only those experienced traders, not the newbie people who are saying that they are the new traders, because anyone is able to do trading with altcoins and become a succesfull one.

Trading requires a lot of experience and knowledge, you can not say that you are a real trader because you made profit from a good trade.. And there is a lot of people like that.

trust me, making a living from trading is not something easy, you require a lot of patience too.

verdi-crypto

member

Activity: 406

Merit: 30

Depends on what you feel it's more important and how much time you have to dedicate.
If you're working a full-time job and you have only like an hour at best every day to put into trading i'd suggest looking at fundamentals. This is the 'low-stress' choice. Obviously you need to study and learn what lies behind a project, don't look at its price, look at what it's meant for, what problem it aims to resolve and how it's going to do that.

On the other hand, if you have more time at your disposal, you should use technical analysis. It can be kinda complex to get into but after you get into it it'll come natural. TA allows you to identify trends and patterns that show how the price will be likely to move. It's not always correct, especially in crypto, since there are many factors like news or btc swings that may mess things up.
You'll have to study a lot in this case as well. Learn how to read a graph, use indicators, choose entry and exit points. The difference between TA and fundamentals is that you can practice technical analysys, you can create a strategy and apply it to different assets. Then, when the trade is done, you can take notes on what you can improve.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

personally so far I'm up trading even I haven't invested much time in learning the skills , but I'm kinda a long term investor
it's easier to buy a coin and wait for the rise instead of keep checking the charts every 30 mins or so

as I said so far I made profit , maybe it was pure luck but here is what I'm doing

1- I buy coins that I really believe in , coins that you can invest even if their value go down just like ETH , LTC , DASH , DOGE , XMR
I say to myself worst case scenario if these coins go extremly down I can invest them in one of the gambling sites that accept these coins and watch them grow
so by doing this you should be earning nice % on your holdings and it can make things better if the price went down

2- buy the golden opportunities , keep watching like 10 coins and focus on them daily to see how they are doing
you would find that there are many opportunities to go all in , for example DOGE was at 16 sats few days ago and it was really cheap
Doge is one of the solid coins here and buying it at that time was amazing , now it's 33 sats in less than a week

so you should keep watching for such price moves , cause sometimes you find a real easy way to double your money with a nice risk/reward ratio

MiningSensei

hero member

Activity: 766

Merit: 509

All of those guys are saying that they are "experts" in trading, are a total LIE, they are saying that you probably need to pay them $100 a month to send you signals or tips, but they are NEWBIES, nothing more than that.

Probably they invested in * coin and it doubled the price in two days, but that is pure luck, not skills.

Quote from: shinzuko757 on December 17, 2017, 10:12:09 AM

Youtube is full of trading techniques for BTC and alts, many of them seem well researched but I don't know if they actually make good money from it.

This is wrong, the only way to make a living and being a succesfull guy in trading is just by trading with information and with your own insticts, and of course, with NO EMOTIONS.

Quote from: shinzuko757 on December 17, 2017, 10:12:09 AM

I read advice that ranges from using just technical analysis to advice that says the best traders only use price action and volume as all technical analysis is just past trends.

Dont pay money for signals or tips, they all are a waste of time and money

btcbonanza

member

Activity: 104

Merit: 10

Quote from: iron talon on December 17, 2017, 11:11:45 AM

The first one, never listen to others. The can try to maipulate you in the direction of their own investments. Be careful for this. Next, stay in safe side, don't exceed extreme volumes while trading.

That are general and necessary rules!
I would like to add some. Don't rush for buying any coin based on your inner wisdom and the ones shown quick jumps. I have seen many people buying coins just because coin jumped 2-3x in a day. But jump shows already achieved potential. Buying at pumps will only give you losses.

okala

full member

Activity: 980

Merit: 114

I have been trading forex since 2009 till last year when I stop trading forex and now trading bitcoin and altcoins on a part time base. I am an accountant and is a profession I will not stop for anything including trading. But been an experience trader, I think I can advise you on trading. The simple way to trade in cryptocurrency market is to buy low and sell high and you have to used technical analysis in combination with fundamental analysis in other to come out successful.

Mister1k

hero member

Activity: 896

Merit: 520

Quote from: KeithBeeCham on December 17, 2017, 12:06:10 PM

You shouldn't believe anything on video on youtube

). It'll not help you, you should know that nobody willing to share anything for you free cause they have to lost a lot of money and cryptocurrency to become a pro trader at the moment, they have to spend a lot of time to learn about trading and improve their trading skills, you think they will share it for free on youtube? I don't think so

) They just want to increase the view and subcriber of their youtube channel

)

I think you didn't find any trusted video for trading or something else on bitcoin related videos. There are real traders also shares their videos in YouTube. Even they will also earn money from monetize team who pays for them. So no one is here teaching without earning. If any youtbe shows the videos without true Information that channel will not goes big you might know that too. Even my YouTube videos result same many times. True source always ahead bro.

KeithBeeCham

member

Activity: 252

Merit: 22

Marketplace for sensor data

You shouldn't believe anything on video on youtube

). It'll not help you, you should know that nobody willing to share anything for you free cause they have to lost a lot of money and cryptocurrency to become a pro trader at the moment, they have to spend a lot of time to learn about trading and improve their trading skills, you think they will share it for free on youtube? I don't think so

) They just want to increase the view and subcriber of their youtube channel

)

Thanasis

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Activity: 1820

Merit: 515

★777Coin.com★ Fun BTC Casino

Quote from: shinzuko757 on December 17, 2017, 10:12:09 AM

Youtube is full of trading techniques for BTC and alts, many of them seem well researched but I don't know if they actually make good money from it. I read advice that ranges from using just technical analysis to advice that says the best traders only use price action and volume as all technical analysis is just past trends.

In the same way that I would not take bodybuilding advice from someone who was 5'11" and 160 lbs, despite how well researched they are, I would not like to take advice on trading from someone who hasn't actually been able to make it profitable to the point that they can live off their earnings. For that reason, to those who are doing well in trading, what advice and techniques could you give? Hopefully this thread can bring about a good deal of advice that is proven!

Thanks.

Yeah you are right the people from Youtube or other website teach us many techniques but not all of them are traders but they do this for earning purpose.So you also need to make your own style copying other's ideas will not work for too long,you need to understand what is happening ang act according to that situation.But the basic rule in trading is buy low and sell high and only trade if that trade is profitable and try to do more small trades as much as possible.

iron talon

member

Activity: 118

Merit: 100

The first one, never listen to others. The can try to maipulate you in the direction of their own investments. Be careful for this. Next, stay in safe side, don't exceed extreme volumes while trading.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

the thing about trading is that there is no single way that always works. it is all true and false at the same time. some people even call Technical Analysis as false science!

it all helps. so watch the videos, read the articles online and take it all in. but don't count on any of them 100%
for example the thing about "price action and volume" is what i like best, specially about altcoins. but it is only because it has worked best for me personally. others prefer using technical analysis and maybe other things. and it works best for them.

shinzuko757

newbie

Activity: 6

Merit: 0

Youtube is full of trading techniques for BTC and alts, many of them seem well researched but I don't know if they actually make good money from it. I read advice that ranges from using just technical analysis to advice that says the best traders only use price action and volume as all technical analysis is just past trends.

In the same way that I would not take bodybuilding advice from someone who was 5'11" and 160 lbs, despite how well researched they are, I would not like to take advice on trading from someone who hasn't actually been able to make it profitable to the point that they can live off their earnings. For that reason, to those who are doing well in trading, what advice and techniques could you give? Hopefully this thread can bring about a good deal of advice that is proven!

Thanks.

Topic: Trading techniques/advice from those who are make a living from it (Read 217 times)