I would want to no how effective and successful you have been when trading with out the use of trading indicators
It's not just all about saying you trade with out the use of an indicator it's also about how many times have you ran a profit or a loss
Topic: Trading Without Using Indicators - page 7. (Read 867 times)
I always advice newbies to hold and never go short or long with high leverage.
Holding is the most risky strategy. Especialy for newbie.
I described it here: https://bitcointalksearch.org/topic/m.39881422
Daytrading is the safest way to earn on this market. When you are experienced trader you know how big risk you are taking. Simply when you put 1000$ with 1% stoploss you are risking 10$. After 10 waste trades you can stop, change strategy and you wasted 100$. You know exacly where you are, what risk you take and you can stop every moment. If you are unexpirienced trader you can start with lowest bet (~4 $ on binance). What can go wrong? In worst case you will close trade after few hours with 3,6$ wasting 0.40$. Its cheapest way to learn trading.
While in hodling strategy you opened 1 trade and after 2 months you are 80% loss. Because whole market went down/ you choose wrong coin due to wrong research/ you did your job good but the team scamed you. You lost your money and didnt learn anything. Is there any worst strategy?
There is a reason why people say trading is gambling. You an have all the past charts laid out and be analyzing patterns that happen but you never truly know what will happen. Crypto markets are like stocks on s teroids and trying to day trade is extremely risky. I always advice newbies to hold and never go short or long with high leverage.
All you said was correct and that is how it should be to avoid loss.
They all want that rush profit in just a manner of time which is incorrect. It will just lead to a hellish ending.
I do look at a weekly basis of charts and not for months. I guess that is how it is with altcoins out there specially the ERC20 ones.
When they are new in exchanges the fluctuations are too deep or too high.
They all want that rush profit in just a manner of time which is incorrect. It will just lead to a hellish ending.
I do look at a weekly basis of charts and not for months. I guess that is how it is with altcoins out there specially the ERC20 ones.
When they are new in exchanges the fluctuations are too deep or too high.
This is just a normal 1month chart of Bitcoin.
No indicators are being used.
I’ve been trading for almost 2years now and I can say, I can now trade by just looking at the chart without using any indicators, i don’t know why I was able to do this but I think this is normal after reading a lot of books, watching youtube tutorials about trading and so many failed trades.
This post is not to bragged anyone, this is meant to inspire people not to give up on trading or not to depend to anyone. If you really want to know more about trading, then you should take more effort. I didn’t learn trading overnight it took me almost 2years before I can confidently trade. Always start with a small step and in time, you can also trade without using any indicators.
This is just a normal 1month chart of Bitcoin.
No indicators are being used.
I’ve been trading for almost 2years now and I can say, I can now trade by just looking at the chart without using any indicators, i don’t know why I was able to do this but I think this is normal after reading a lot of books, watching youtube tutorials about trading and so many failed trades.
This post is not to bragged anyone, this is meant to inspire people not to give up on trading or not to depend to anyone. If you really want to know more about trading, then you should take more effort. I didn’t learn trading overnight it took me almost 2years before I can confidently trade. Always start with a small step and in time, you can also trade without using any indicators.
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