Trading Tricks For Newbies - page 3.

mirawantirinjana

full member

Activity: 700

Merit: 101

Quote from: deandree on December 20, 2018, 12:58:50 PM

Buy High, Sell Higherer

"Buy High, Sell Higher" This is not a trick, this is only a trade law, you should know what is meant by the OP.
the OP should try to analyze the movement of an altcoin price to be able to learn the trade in profitable crypto currencies

BUK2016

full member

Activity: 770

Merit: 126

Identifying when the market has reached the bottom for one to buy at a cheaper price is the most difficult aspect of trading in crypto currency this is because anything can happen and if one can identify that aspect then such a person should not be referred to as a newbie in crypto currency trading market but rather an expert trader.

cryptoknightt

sr. member

Activity: 1188

Merit: 251

Quote from: satriagedhe on June 15, 2019, 05:45:11 PM

we cant know where the bottom of the dip , i think if u'r really newbie on this , better use 100$ instead of 300$ for method , that mean you can buy 8/9 x for more dip if needed

I think for new trading it is difficult to determine the right time to buy coins at a lower price, my advice might be for new traders to be able to learn good and correct trading methods in some media, if you don't want to learn then you just need to control the patience You have not to sell at cheap prices.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: velive08 on June 16, 2019, 12:01:47 AM

Quote from: Hunnykaushal31 on December 19, 2018, 08:58:19 AM

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

using 30% of the initial capital you have to trade will be better for the newbie, newbies should not think of big profits. because for them the experience must take precedence and using 30% can be the best and make it an experience for trading. new if you have a large profit and master the experience can continue to increase capital

I think 30% is a logical number, at least we have to have reserve capital to anticipate markets if that are not suitable with analysis. so we learn to survive first. for the first time I suggest choosing the safest coins to trade

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: satriagedhe on June 15, 2019, 05:45:11 PM

we cant know where the bottom of the dip ,

This is true but as a trader we need to predict what price is the dip.

When bitcoin reach $20,00 and fall to $10,000, some traders think it has hit the dip already, but it still fall to $5000 and they again think it's the dip.

There is no certainly here that's why we need to manage our funds properly, everyone can create their own strategy but we should believe on our decision as the market is very unpredictable, there's an increase of bitcoin now, and we thought it will go higher, but we don't really know, what helps us decide is purely based on our analysis watching market price history and possibilities in the future.

Quote from: satriagedhe on June 15, 2019, 05:45:11 PM

i think if u'r really newbie on this , better use 100$ instead of 300$ for method , that mean you can buy 8/9 x for more dip if needed

Anyone can use any amount as long as he can afford to lose a certain amount, but newbie does not have to be aggressive as it's a long journey.
Start with a small amount that you are comfortable, so even if you are wrong, you can move on easily and enhance your strategy.

velive08

full member

Activity: 815

Merit: 101

Quote from: Hunnykaushal31 on December 19, 2018, 08:58:19 AM

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

using 30% of the initial capital you have to trade will be better for the newbie, newbies should not think of big profits. because for them the experience must take precedence and using 30% can be the best and make it an experience for trading. new if you have a large profit and master the experience can continue to increase capital

satriagedhe

member

Activity: 250

Merit: 10

we cant know where the bottom of the dip , i think if u'r really newbie on this , better use 100$ instead of 300$ for method , that mean you can buy 8/9 x for more dip if needed

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

Quote from: Ucy on June 15, 2019, 04:24:53 PM

This works well and is probably the easiest way to make consistent profits from cryptocurrency trading. It doesn't matter how much you invest so long as it is not a tiny amount.
You have to be a day trader for this to work really well.

If we look at the method in the OP then it is an investment for the long term, because he is even willing to wait longer to buy which means he will hold it for an unpredictable time, because he will only wait until the market is pumped to get more profit well. Day trading is a fast activity that at least traders are familiar with the market situation that occurs.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

This works well and is probably the easiest way to make consistent profits from cryptocurrency trading. It doesn't matter how much you invest so long as it is not a tiny amount.
You have to be a day trader for this to work really well.

Moiyah

member

Activity: 630

Merit: 20

That is just a basic tips. How can an investor or a trader know if it is already a dip price? What are there basis? You never mentioned any technical analysis that can be possibly use in trading. There are already an app like trading view wherein you can already know if that particular coin is worth to buy or not. Buy low Sell high is always the best tip to do.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Hunnykaushal31 on December 19, 2018, 08:58:19 AM

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

That tricks can works properly for every trader because they split their buy order into 3 positions especially if the price still down deeper. But if the price is not down and only increase, then you need to sell your first buy order and take your profit, and then you wait for a dip again. When you can rinse and repeat that tricks, you can make a nice profit and if you can do that in every day, your profit will bigger, and of course, your balance will become bigger too.

manggis97

member

Activity: 476

Merit: 10

Learned from my mistake in trading, firstly we have to understand how to use stop loss and trailling stop in crypto exchange because this is the most important to cut the loss from wrong trade and to lock profit when the price going up. Buy only 2 different coin at the sametines to make easy to handle it.

rapsa2018

member

Activity: 504

Merit: 10

As we see that the market is in bad condition so it's hard to predict prices and there's no tricks to earn on trading because we need to work on it regularly.

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Great tips. But doesn't work all the time especially in situations where the market goes down and then keeps going southwards. In such cases, You'll esrn up with even more losses. However, Those are great tips. It would work a lot better if the market was in a bull market trend. Otherwise, It's bad for this market. Very bad.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

The best trick for a novice, is NOT to OPERATE, the best way is to operate once you have done with virtual accounts of fictional money in the Exchanges, and have read a few books, the rest will lose money.

Rana590

sr. member

Activity: 1750

Merit: 267

Newbies can try this method with low budget. I think it will be dangerous for the newbies if they start with high budget. Because there is a chance to lose capital if they choice dead/inactive project for trading.

kyle999

jr. member

Activity: 475

Merit: 1

Newbies need to learn all the lessons for trading not in tricks? We don't have that in trading because all of traders need to focus what the price release so there's no magic ng trading. Huh

wildey

sr. member

Activity: 1148

Merit: 254

Quote from: ginobitcoiner on February 11, 2019, 09:03:15 PM

trick? which do you call a trick?
this is a general rule in trading, without using an analyst you only recommend buying when the price reaches the bottom. and wishful thinking to sell it when prices rise again.
everyone who has never traded crypto currency will definitely do what you suggest when they trade for the first time.

you're right, there are no tricks in an online trade, except volume manipulation. in this case, nothing is better than learning. well, experience is the best for this. even a person who is proficient in trading cannot find a trick for this, unless he is really paying attention to the news, or new information, and chart predictions.

Taki

hero member

Activity: 1078

Merit: 514

Quote from: Hunnykaushal31 on December 19, 2018, 08:58:19 AM

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

Do you follow this tips yourself?
I'm on the side of orders when you pick your own numbers for sell and buy. I usually chose such number by weekly bitcoin's movement, do not set something too big or too small. This strategy helps me to have small but regular income.

cryptocointrade.com

jr. member

Activity: 87

Merit: 7

Quote from: Hunnykaushal31 on December 19, 2018, 08:58:19 AM

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

According to me, the most important thing to do is to avoid mistakes, especially simple ones.

Take these steps into consider

Only Invest What You Can Afford To Lose
Diversify: Never Put All Your Eggs In One Basket
Don’t Try To Make Profit In Every Trade
Don’t Be Too Greedy
Don’t Have Fear Of Missing Out (FOMO)
Maximize Your Winning Trades
Always Learn From Your Trading Mistakes
Minimize Your Losses And Set Stop Losses
Reduce Emotions And Stay With Your Strategy
Sell The News And Buy The Rumors

Read the complete article How to Avoid Cryptocurrency Trading Mistakes

Topic: Trading Tricks For Newbies - page 3. (Read 22543 times)