Trading tips and suggestion - page 2.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: justdimin on February 14, 2019, 01:52:24 PM

Quote from: LUCKMCFLY on February 14, 2019, 09:28:24 AM

The best tip for trading is to study a lot through books, not believe in the technical analysis that others do, have their own criteria about the market and if it is operated, it is best to do so starting with money, and once have more experience and have read many books, and understand the market, do it with real money.

Not believe into technical analysis ? Something new, you are sharing about ?

Trading is all about taking the same decisions of what most other people are taking when most other people are believing in to technical analysis how it will be helping one trader who is not at all believing into technical analysis ? I am really confused on this part.

I agree we must read lots of trading related books and must watch YouTube tutorial on various strategies of trading so that we can learn before entering into live markets. This is a common suggestion every expert in trading must be giving out to new traders. But, your suggestion of "not believe in the technical analysis" sounds something fishy.

I think because TA is not applicable is this kind of market. Very volatile and most of the time those TA doesn't hold, just saying.

As far as reading books and watching Youtube videos, yes to a extend they're good to help you out, but at the end you really need to get to out and experience what trading is all about and learn how to control your emotions.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: LUCKMCFLY on February 14, 2019, 09:28:24 AM

The best tip for trading is to study a lot through books, not believe in the technical analysis that others do, have their own criteria about the market and if it is operated, it is best to do so starting with money, and once have more experience and have read many books, and understand the market, do it with real money.

Not believe into technical analysis ? Something new, you are sharing about ?

Trading is all about taking the same decisions of what most other people are taking when most other people are believing in to technical analysis how it will be helping one trader who is not at all believing into technical analysis ? I am really confused on this part.

I agree we must read lots of trading related books and must watch YouTube tutorial on various strategies of trading so that we can learn before entering into live markets. This is a common suggestion every expert in trading must be giving out to new traders. But, your suggestion of "not believe in the technical analysis" sounds something fishy.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: richminded on February 07, 2019, 07:07:19 PM

The recent market trend is very volatile, and if you are a good short trader you can earn at least profit and a great experience. To those who want to become successful on trading here’s my short tip to you;

1 . Keep on working - You cannot get something from nothing, just like in trading you cannot master trading in just one month, or less because its a long process. It will take sleepless nights, and a failure on trading, or even a big loss on your money, just continue because it will build your character.

2. Never skip the process - Some may look for an easy money but later on they will just failed because of not enough experience and knowledge. This can be related to your patience which is very important in trading right now and in the future. Take easy steps to become better in trading.

3. Trade like a pro - Never underestimate your skills and potential, always do your best in trading and you can be more successful. Newbies should not depend to anyone, trading is all about hard work, do it with passion.

Always be profitable in trading, that's our goal and we can achieve it!
Any additional tips for everyone would be much appreciated, let’s continue to help everyone so they can succeed also.

Never giving up should be another tip that people should acknowledge. Most of the times I have noticed that after loosing some continuous trades people tend to give up on trading.
This should never happen and you should try not to quit or give up so easily. You might loose in the beginning but once you start earning profits this will boost your confidence.

arpon11

sr. member

Activity: 882

Merit: 282

You have said many things that are very helpful to newbies and professionals! We actually needs to see trading as a game and it is good not to jump into it. We have a very serious time in future's as a traders because many things are there for us to learn. If you can look into the future you will be able to trade professionally. Forget about making profits now and focus on developing your skills and experiences in trading. Those that really lose money are those that are not ready to follow the simple trading price of control your emotions on when to buy and when to sell.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

The best tip for trading is to study a lot through books, not believe in the technical analysis that others do, have their own criteria about the market and if it is operated, it is best to do so starting with money, and once have more experience and have read many books, and understand the market, do it with real money.

prtty2gal2

hero member

Activity: 1092

Merit: 523

Quote from: Supercrypt on February 12, 2019, 01:45:07 PM

Having control over our emotion must be very strict rule for finding success in trading but newbie traders are easily deviating from this rule and then start slowly learning from their own mistakes.

This is because emotions-free trading will not be possible in the beginning days itself, you must need lot of practice and drill through so that you can be trading without getting emotionally failed. Even experienced traders are getting failed because they are not dedicating their time for learning continuously. When they are becoming busy with their trading without finding time for learning definitely they also returning back back to their beginning days.

Quote from: Supercrypt on February 12, 2019, 01:45:07 PM

tips and suggestions for traders will work only up to some level as traders are known for learning from their own mistakes.

That must be the right point. This is the reason no traders are successful just by learning from books but only after gaining some experience they are able to find success.

arifteguhr

sr. member

Activity: 1246

Merit: 252

in trading to be able to run well and be successful fast you must have great patience and can control emotions too, because trade must be relaxed and patient when the market is falling or not

joeperry

sr. member

Activity: 2282

Merit: 470

Telegram: @jperryC

Quote

Newbies should not depend to anyone, trading is all about hard work, do it with passion.

Yes. This is the best part, I've seen a lot recently probably they're the new investors or the new traders they always asking for what coins they should invest, what will they do if the price goes down, etc. In trading we should not rely to anyone... why? Believe it or not (MOST OF THEM DON'T REALLY CARE ABOUT YOUR INVESTMENT) It's either they just want to reply in order to increase post count for their signature, promote a certain coin, etc. although some people are really gives a good opinion but it's really seldom.

So it's much better to do your own research about the possible coins you want to invest, do a backup plans in every scenarios like "What if it falls 50% sell it or hold it?" "what if i earned 10% should i hold it or sell it" something like that.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

I believe it is always greed that takes over once you are getting used into trading.
At some instance, you may have a lot of profit and experiencing that will change your perspective into how much you should earn.
With that in mind, every decision making changes. Converting into USD always and the need to achieve the first profit you have made.
I say the best trader is those who can be satisfied with even a little profit.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: Bagaji on February 12, 2019, 02:14:14 PM

In addition to the point you have mentioned so far , I will like that one should only trade with an amount of money that one can part with and not put all your money in trading. And at the same time those trading Forex should not use high lots size if you are sure of strategy in trading Forex.

I've never experience in Forex trading but I think it is just similar to crypto trading.
It doesn't matter where we want to be a part of trading, the most important is we make money around. Mostly we struggled losses at this time due to market condition, that is why we don't need to invest our money is just a single invest, it is better to spread it and find which is the higher gaining and that's the time will go through that way.

cryptocointrade.com

jr. member

Activity: 87

Merit: 7

Quote from: richminded on February 07, 2019, 07:07:19 PM

The recent market trend is very volatile, and if you are a good short trader you can earn at least profit and a great experience. To those who want to become successful on trading here’s my short tip to you;

1 . Keep on working - You cannot get something from nothing, just like in trading you cannot master trading in just one month, or less because its a long process. It will take sleepless nights, and a failure on trading, or even a big loss on your money, just continue because it will build your character.

2. Never skip the process - Some may look for an easy money but later on they will just failed because of not enough experience and knowledge. This can be related to your patience which is very important in trading right now and in the future. Take easy steps to become better in trading.

3. Trade like a pro - Never underestimate your skills and potential, always do your best in trading and you can be more successful. Newbies should not depend to anyone, trading is all about hard work, do it with passion.

Always be profitable in trading, that's our goal and we can achieve it!
Any additional tips for everyone would be much appreciated, let’s continue to help everyone so they can succeed also.

Trading cryptocurrencies work almost exactly the same as trading fiat currencies and it’s also similar to trading commodities or stocks.

However, there are some differences. In fact, it will benefit you greatly to learn the theory behind trading cryptocurrencies.

This article will teach you why you need to understand these topics before you start cryptocurrency trading career.

1. The underlying technology behind cryptocurrencies
2. The different ways to analyze the market (such as technical analysis and fundamental analysis)
3. The difference between active and passive cryptocurrency trading
4. What affects the price of a cryptocurrency
5. What cryptocurrency trading tools you can use
6. How to track your trades and pay taxes on cryptocurrency trading
7. The difference between CFD and exchange trading
8. How you compare trading platforms
9. Some common Cryptocurrency trading terms

Read the complete article at Cryptocointrade, How to start cryptocurrency trading

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

Quote from: Supercrypt on February 12, 2019, 01:45:07 PM

Quote from: beerlover on February 12, 2019, 12:38:55 PM

Whenever we will be allowing our emotions to take control of our trading plan then a deviation will be leading to complete collapse of our hard work. Because, I have never seen our emotions leading to profits even that will be happening only for very less percentage compared to number of occurrence that we got collapsed.

If your emotions will be helping you to find profits then you can go for trading similar to how you are gambling Wink

.
Not listening to our emotions must be a big differences between trading and gambling but only very few people are learning this over their experience whereas most other traders are still trading in gambling way.

Having control over our emotion must be very strict rule for finding success in trading but newbie traders are easily deviating from this rule and then start slowly learning from their own mistakes. I mean to say tips and suggestions for traders will work only up to some level as traders are known for learning from their own mistakes.

For me emotional quotient is way more important than intelligence quotient since our basis of decision lies on our emotional response to the market. Being smart is not enough to cope with market changes everytime but emotional response to it. Knowing how is different from knowing that, like Knowing how to invest vs knowing that you need to invest.

naruto7676

jr. member

Activity: 318

Merit: 1

You can't control also the market situation also for tgose people take the risk of the market you can't stop some emotion being happened in your mind selling it for low prices.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Quote from: Hannahanto on February 12, 2019, 02:01:50 PM

Quote from: richminded on February 07, 2019, 07:07:19 PM

The recent market trend is very volatile, and if you are a good short trader you can earn at least profit and a great experience. To those who want to become successful on trading here’s my short tip to you;

1 . Keep on working - You cannot get something from nothing, just like in trading you cannot master trading in just one month, or less because its a long process. It will take sleepless nights, and a failure on trading, or even a big loss on your money, just continue because it will build your character.

2. Never skip the process - Some may look for an easy money but later on they will just failed because of not enough experience and knowledge. This can be related to your patience which is very important in trading right now and in the future. Take easy steps to become better in trading.

3. Trade like a pro - Never underestimate your skills and potential, always do your best in trading and you can be more successful. Newbies should not depend to anyone, trading is all about hard work, do it with passion.

Always be profitable in trading, that's our goal and we can achieve it!
Any additional tips for everyone would be much appreciated, let’s continue to help everyone so they can succeed also.

Thank you. It would be so good if you be so practical in handling trading. Explain the ways to learn to earn from trading instead. The beginners as well as the experts do look for ways to multiple their revenue. So give out things to look at on exchanges. Like looking at volumes of the coins, marketcap and etc.

Here i have few basic things you should look at when trading. If you are going with btc for an example, look at 24 hours supply difference. Example, checkout last 24 hours negative percentage. Filter it out. Then check which coin had maximum volume in last 24 hours. Filter it out. Then choose the coin with high volume with highest negative deviation. Buy the coin and sell it out when the value goes high. You will certainly profit out minimum $100 per day with trading amount 0.1 btc.

Bagaji

sr. member

Activity: 1330

Merit: 291

In addition to the point you have mentioned so far , I will like that one should only trade with an amount of money that one can part with and not put all your money in trading. And at the same time those trading Forex should not use high lots size if you are sure of strategy in trading Forex.

Hannahanto

full member

Activity: 826

Merit: 111

Quote from: richminded on February 07, 2019, 07:07:19 PM

The recent market trend is very volatile, and if you are a good short trader you can earn at least profit and a great experience. To those who want to become successful on trading here’s my short tip to you;

1 . Keep on working - You cannot get something from nothing, just like in trading you cannot master trading in just one month, or less because its a long process. It will take sleepless nights, and a failure on trading, or even a big loss on your money, just continue because it will build your character.

2. Never skip the process - Some may look for an easy money but later on they will just failed because of not enough experience and knowledge. This can be related to your patience which is very important in trading right now and in the future. Take easy steps to become better in trading.

3. Trade like a pro - Never underestimate your skills and potential, always do your best in trading and you can be more successful. Newbies should not depend to anyone, trading is all about hard work, do it with passion.

Always be profitable in trading, that's our goal and we can achieve it!
Any additional tips for everyone would be much appreciated, let’s continue to help everyone so they can succeed also.

Thank you. It would be so good if you be so practical in handling trading. Explain the ways to learn to earn from trading instead. The beginners as well as the experts do look for ways to multiple their revenue. So give out things to look at on exchanges. Like looking at volumes of the coins, marketcap and etc.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: beerlover on February 12, 2019, 12:38:55 PM

Whenever we will be allowing our emotions to take control of our trading plan then a deviation will be leading to complete collapse of our hard work. Because, I have never seen our emotions leading to profits even that will be happening only for very less percentage compared to number of occurrence that we got collapsed.

If your emotions will be helping you to find profits then you can go for trading similar to how you are gambling Wink

.
Not listening to our emotions must be a big differences between trading and gambling but only very few people are learning this over their experience whereas most other traders are still trading in gambling way.

Having control over our emotion must be very strict rule for finding success in trading but newbie traders are easily deviating from this rule and then start slowly learning from their own mistakes. I mean to say tips and suggestions for traders will work only up to some level as traders are known for learning from their own mistakes.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: ophyrim on February 12, 2019, 12:30:16 PM

One more:

-Discipline: For example If you are a day trader and you trade for 2% with 1% stop-loss you always have to follow your rules. like a machine. No greedy and no fear of lost

This is what being emphasized by many professional traders here in the name of importance of sticking with our trading plans. A trading plan must include money management and everything. Having limit for both profit making levels and stoploss level will be helping eliminating our emotions from overtaking our trading plans. We always must need to trade without emotions that must be a very big tip for every trader.

Whenever we will be allowing our emotions to take control of our trading plan then a deviation will be leading to complete collapse of our hard work. Because, I have never seen our emotions leading to profits even that will be happening only for very less percentage compared to number of occurrence that we got collapsed.

ophyrim

sr. member

Activity: 994

Merit: 391

One more:

-Discipline: For example If you are a day trader and you trade for 2% with 1% stop-loss you always have to follow your rules. like a machine. No greedy and no fear of lost

Julunguul

member

Activity: 473

Merit: 11

Quote from: richminded on February 07, 2019, 07:07:19 PM

1 . Keep on working - You cannot get something from nothing, just like in trading you cannot master trading in just one month, or less because its a long process. It will take sleepless nights, and a failure on trading, or even a big loss on your money, just continue because it will build your character.

Well too much losses in crypto also will make us get worst from economical side, actually this is also not a good condition at all. Even after doing some asset management, then we keep loses and still yet to recover our asset. Some people have to stop at this point

Topic: Trading tips and suggestion - page 2. (Read 2541 times)