Trading Tricks For Newbies - page 7.

gatti

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Quote from: Nahl on January 03, 2019, 12:07:59 PM

I thought you were mentioned the trick how to pick profitable coins but seems i was wrong about that and the profit from crypto trading is depend on which coins would you hold because some of coins cannot recover the price and became an dead coin and if you pick wrong coins then i'm very sure your method will never working well

There are many tricks to pick a profitable Bitcoin and it's difficult to do a crypto trading to all should hold the coins because also can't recover the some dead to pickup a wrong coins this also a one trick in Bitcoin to do a profitabley .

Nahl

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I thought you were mentioned the trick how to pick profitable coins but seems i was wrong about that and the profit from crypto trading is depend on which coins would you hold because some of coins cannot recover the price and became an dead coin and if you pick wrong coins then i'm very sure your method will never working well

izanagi narukami

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IMO, it's too risky without TA so there is not quick trading on crypto for newbies.
I'm better to tell them to hold it for 1 year and see the profit will increase more than 50% , it's easier trading for cryptocurrency.

Stay sharp guys !

vv181

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The tips are good we should carefully research and analysis the investment coin we should pick. Nevertheless, trading much more complicated than that. It does not about keep buying the coin if it's get dumped, and take a profit when it rises. We need to make technical analysts take into consideration. And much more important thing is to control our emotion.

milewilda

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Is this what you called a trick? No its not and this is just basically a common way on how to make profits but the question is on how you would able to know if the price is already on the bottom?
Trading isnt really just Buy Low and Sell High thing. It do needs or requires lots of experience,knowledge and analysis before you become profitable.If you do only fix your mindset on this way, it might work
but for sure with this volatile market it can anytime break your expectations.

haroldtee

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This does not look like a great plan to me. Firstly, there is no trick when it comes to trading, the most important thing is to have a good strategy and a plan. As it is, I can only point out 3 things from what the OP have said; buy low, sell high and if you are in loss, be patient (that is a sucked plan!).

If you want to trade, trade! And if you want to invest, invest! When it comes to trading, your plan should include what you look at when you are buying, selling or where you should be stopping loss, if a particular trend wants to continue in contrast to what you anticipated. Being a reactionary trader is more like setting yourself on fire and more chances of losing.

irsykes

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Seabet.io | Crypto-Casino

Quote from: deandree on December 20, 2018, 01:58:50 PM

Buy High, Sell Higherer

Easy to say right? Grin

but when we already bought a coin it will go down. no higherer but in reality it is sell low Grin

. Maybe your theory will work when a coin get pumped, or maybe listed in new market.

coinplus

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Quote from: Omega Weapon on January 02, 2019, 11:18:03 PM

Which is why trading is so hard, sometimes the best thing to do is to grab profits as fast as you can but if the circumstances change a little bit then the best thing to do is to not sell your coins and keep holding them and wait until the price raises significantly

Trading is hard when you do not know how to deal things efficiently. The choice of booking profits or continuing with your stash should be decided by your technical analysis but not just due to situations. There are versatile tools and indicators are available which will show you when to book profits and when to keep going. Selling at peak and then buying back is good but for that you need accurate predictions which may not possible all traders as anyone can perform well by experience and making use of what they do learn continuously.

Quote from: Omega Weapon on January 02, 2019, 11:18:03 PM

this is why trading cannot be learned by just watching a few videos in Youtube with people that are not that good at trading.

Trading is not about learning alone but experience. Learning is just 30% of preparation and the rest of 70% is on how depth your experience is. Learning from books/videos/other traders and then practicing in demo account is the way I do follow till now even I have been into trading for more than a decade.

Omega Weapon

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Quote from: CryptoMobster on December 20, 2018, 05:56:27 AM

Quote from: mk4 on December 19, 2018, 11:12:43 PM

These "tricks" you've listed really aren't "tricks", they're pretty much just generic trading advice. Not to mention these "tricks" shouldn't apply to every situation. It hugely depends in many factors.

Quote from: Hunnykaushal31 on December 19, 2018, 09:58:19 AM

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.

Just automatically selling after you've seen you've gained profit isn't always the best thing to do. Sometimes it's better to ride out the wave up, wait it out, and sell after a slight dip. Again, it depends on many factors.

Quote from: Hunnykaushal31 on December 19, 2018, 09:58:19 AM

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.

If you have $300 left, it isn't preferrable to go all in with the $300 on a certain price point. most of the time it's better to apply Dollar-Cost Averaging[1] all the way down, as there's no way for us to know if your price target is the bottom or not.

[1] https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Exactly my thoughts, no real method to the madness as such

Which is why trading is so hard, sometimes the best thing to do is to grab profits as fast as you can but if the circumstances change a little bit then the best thing to do is to not sell your coins and keep holding them and wait until the price raises significantly, this is why trading cannot be learned by just watching a few videos in Youtube with people that are not that good at trading.

deandree

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Buy High, Sell Higherer

r1a2y3m4

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Match365> be a part of 150BTC inviting bonus

Quote from: Hunnykaushal31 on December 19, 2018, 09:58:19 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.

I think you're just pertaining to the buy low sell high method which is simply basic in cryptocurrency. It's a basic knowledge not a trading trick.

QuadsPoker

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nothing is impossible

I very often use this dip strategy as well but I combine this by using the Bollinger bands. If a coin dips and breaks the lower Bollinger than very often it bounces back up right after it broke the band. In this way I book multiple profitable trades on a daily basis. But I also never go Allin in at some point. At some times even if it breaks the Bollinger it keeps dropping. so I also always make sure I have some balance left to pick up some extra spots

Wafilian

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Hard work is the most important key to success.

Quote from: Hunnykaushal31 on December 19, 2018, 09:58:19 AM

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.

How to indicate its bottom position, I think here you need to use some indicators like moving average, RSI etc.
The most important thing is choosing where you invest your money.

Hunnykaushal31

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I read all comments and yes mentioned one's are basic tricks , i only want to say that do not put all in once.

rarkenin

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Quote from: Hunnykaushal31 on December 19, 2018, 09:58:19 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.

You took words out of my mouth. Swing trading is most suitable one for maximizing profits. Trading is difficult,average guys thought that there is no physical activity so there is no such thing called pain. Illusions can make you fool especially when someone cant control himself.

pinkpanther03

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Activity: 1092

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Quote from: Hunnykaushal31 on December 19, 2018, 09:58:19 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.

Well, in accordance to your statement, you need to learn more about in trading. Your tips and advise was very basic, this is not only about holding your coins on dip then wait for the best time. You must also know how to read the graph as well then always check the market volume and updates of the coins you are holding.

pundit

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Quote from: Hunnykaushal31 on December 19, 2018, 09:58:19 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.

Averaging is not a good idea in trending market as bottom or top is not certain in that case, suppose one started buying BTC at $10k then where should he buy the last lot noone knows, if you are a trader you should have proper plan, suppose at some point you analysis says buy then buy and put a strict SL and TP if SL hits then look for another opportunity, if you are a long term investor then you can buy and leave it for next few years till position comes into a good profit.

Gloverwrt

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Quote from: mk4 on December 19, 2018, 11:12:43 PM

These "tricks" you've listed really aren't "tricks", they're pretty much just generic trading advice. Not to mention these "tricks" shouldn't apply to every situation. It hugely depends in many factors.

I was going to say exactly that, this are not tricks, rather basic guidelines which are very common, and over emphasized.
A trader has to be flexible, especially when handling different currencies. Tricks oe strategies do not apply for every coin or token as they are all unique.
As a trader look for the strategy that works for you and stick to it.

Tytanowy Janusz

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It will work till first failure. First coin that will not bounce will zero your porfolio after months of buying more.

Risk that you take in this strategy is similar to hodlers strategy (https://bitcointalksearch.org/topic/m.39881422). 100% of your portfolio. And you have no quarantee that your coin is good even if you did best research because.

Quote from: Tytanowy Janusz on June 11, 2018, 09:38:02 AM

1- whitepaper is just a document with words. It can be copierd and change a little. Faked. I can create myown whitepaper in which ill write that tommorow ill be on mt everest.
2-team can be faked with fake twitter account with bought fallowers
3- code - who of us can check if code is ok? How many of currencies have working code now? Most of them are just concept without working product jet.
4- hype can be bought.
5- beeing uniqe dasnt give you certainty of beeing uniqe forever. 1 month after your investment there can be new ICO with better team, bought hype and with working product delivered faster.
6- you are newbie and you did fundamential analys wrong or didnt do at all just jump after hype or because someone said that its great investment
7- there are 1600 coins. More than 1400 wont survive next few years because they are not neseesary. Your decision must be precised and full of luck

cokroalif

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everything you put forward is a natural thing, because it has all been done by pro and new tranders, which are important in carrying out the world of digital commerce that is anticipating losses that might occur at any time, because the market moves very fast and difficult to predict

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