Wanna Know how to trade? - page 6. | Bitcointalksearch.org

michellee

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Quote from: bgaf on May 09, 2020, 12:35:11 AM

Quote from: michellee on May 08, 2020, 02:31:41 AM

You can follow the fundamentals or technical analysis, but you should analyze by yourself, so you don't get panic if they don't give the right information about the market. In the halving moment, there will be so many predictions from other people, so you need to figure out by yourself to find the real information.

Right now its hard to tell actually. We are 3days away from halving and the price seems constant. Of course everyone anticipating a huge come back for bitcoin and some major altcoins. Seeing the chart, I can see a down trend but the hypes on news seems to be bullish. Everyone saying we can even reach $15k but thats just a rumor and they all want to believe that. Market is very volatile and I learned from that many times by losing. So I need to be careful on this situation, cause its really can go down hard or just increase. Either of the two will happen somehow, I think I need to make a good move when the worse is done.

I guess many people want to buy bitcoin right now as they heard so many news that telling them bitcoin price will increase. Yes, this day, I see the trend now is down, and I just hope that it is only a correction that always happens after the price hit the highest price. I wonder what will happen in the rest of 3 days. Even the hypes on the news are bullish, but we need to check on the market because the market can move down without notice. We need to be careful and only decide related to the current situations so we can adjust our strategy based on the market moves.

mamesso

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Activity: 2114

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Leading Crypto Sports Betting & Casino Platform

Failure is delayed success, the experts also experienced failures when trading, that's why we don't give up easily and must always try so success can be achieved.
Trading in cryptocurrency is not a competition that we should try, but we must learn good and right trading strategies, so we don't always get caught up in failure.

helloinox

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Activity: 181

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Better said than done. We fear failure cause we have a limited fund, each failure eat our holding bag. With that, I doubt we could have a chance to learn fail better as you said. Learning experience by fail-trial is not a good strategy to become a good trader.

Lexurdania

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Activity: 840

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Quote from: kceekcee on May 07, 2020, 10:02:44 AM

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.

In my opinion, there is no instant success. The process of understanding market movements and making strategies to get profits takes time and I think nothing is wasted when we are able to make a trading style that suits ourselves

Python Master

copper member

Activity: 406

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Traders fail and often failed at starting time. To become a better trader and win the market we need to learn from our mistakes, avoid to repeat mistakes, learn more knowledge, have good trading strategies, always track the news.

$anounimus$

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Activity: 1610

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Good spirit, what you need to know is that the strength of capital is the main basis before you trade and also the duration of your trade is short-term or long-term in running all of it. in this digital era, there will be many conditions that will benefit and disadvantage us both in terms of news, current pandemic situation and than market conditions.

Bezobraznike

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Quote from: bgaf on May 09, 2020, 12:35:11 AM

Quote from: michellee on May 08, 2020, 02:31:41 AM

You can follow the fundamentals or technical analysis, but you should analyze by yourself, so you don't get panic if they don't give the right information about the market. In the halving moment, there will be so many predictions from other people, so you need to figure out by yourself to find the real information.

Right now its hard to tell actually. We are 3days away from halving and the price seems constant. Of course everyone anticipating a huge come back for bitcoin and some major altcoins. Seeing the chart, I can see a down trend but the hypes on news seems to be bullish. Everyone saying we can even reach $15k but thats just a rumor and they all want to believe that. Market is very volatile and I learned from that many times by losing. So I need to be careful on this situation, cause its really can go down hard or just increase. Either of the two will happen somehow, I think I need to make a good move when the worse is done.

Bitcoin is close to $10k, we haven't been here for some time. Probably the hype before the halving. But
don't get to relaxed, on Twitter I read that we can drop to $8k soon. After every 2 weeks for green we have
a week of red, and some traders believe it's still to early for taking off high.
What ever happens I would like to add more Bitcoins before some huge price rally, I think now it's a race with
time, if I don't add soon the price can fly off and with same money I will able to buy less coins.

bgaf

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Quote from: michellee on May 08, 2020, 02:31:41 AM

You can follow the fundamentals or technical analysis, but you should analyze by yourself, so you don't get panic if they don't give the right information about the market. In the halving moment, there will be so many predictions from other people, so you need to figure out by yourself to find the real information.

Right now its hard to tell actually. We are 3days away from halving and the price seems constant. Of course everyone anticipating a huge come back for bitcoin and some major altcoins. Seeing the chart, I can see a down trend but the hypes on news seems to be bullish. Everyone saying we can even reach $15k but thats just a rumor and they all want to believe that. Market is very volatile and I learned from that many times by losing. So I need to be careful on this situation, cause its really can go down hard or just increase. Either of the two will happen somehow, I think I need to make a good move when the worse is done.

Ridwan Fauzi

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You have to move this thread to the correct board, please move here https://bitcointalk.org/index.php?board=8.0

This is why I always make an evalutian when I have traded, I'll make an evalution when I made a mistake so as I lost my money and when I got profit as well. At least it will make me wonted and even aware to the market situation. I always find a lot of expert who says that the history will repeat itself, yeah I will remember it. Because I can make money from trading because I tend to see the market behavior and comparing it to the market prior.

shollyen

jr. member

Activity: 344

Merit: 1

Quote from: cytpoway121 on May 08, 2020, 06:04:01 PM

And remember, never borrow to start crypto currency trading and investment; it affects your emotions while trading.

This last statement caught my attention. Borrowing to trade should never be an option, because whenever you are trading and it seems that lose is gradually crawling in, then you start thinking of how to pay back peradventure you lose, which might eventually cause you to make the wrong decision.
It might be very common to say only invest what you can afford to lose. This is also applicable in trading. Only trade with what you can afford to lose.

cytpoway121

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Quote from: kceekcee on May 07, 2020, 10:02:44 AM

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.

This is one factor that every trader seem to neglect; as a trader learning how it works, are you willing to practice trade? or you just want to keep reading files, and doing demo trading ?

Even if you dedicate enough time to practice trade and fail, do you just move on ? on find out reasons for failure, work on it and even become better?

This are stuffs you need to figure out, else, you fail, fail fail until you run out capital (rekt)

And remember, never borrow to start crypto currency trading and investment; it affects your emotions while trading.

24Kt

member

Activity: 1092

Merit: 67

Quote from: gundala on May 08, 2020, 05:42:53 PM

Quote from: FireBallex on May 08, 2020, 08:20:16 AM

The best time to trade is now, the greenish state where you can easily get some dollars without worrying too much because big FOMO is happening since days back now due to next BTC halving, believe me green market will stay around for few more days, price will fall but quick recovery will always take place too

It is very good if you have high confidence in your analytical skills. One of the keys to trading is self-confidence, the analysis is done independently and is not distracted by the analysis or predictions of others. If wrong, find the error and correct it. Someone who gives up and doesn't do an evaluation, will not get anything. Trading is a long process to be truly understood, enjoy this learning process and don't be in a hurry.

Not only the analytical skills is in play here but the knowledge of the traders for the alt that he wants to trade. He should be knowledgeable on the background of that coin and the current status, because if he doesn't have idea on what's the real score for that alt, losing is very imminent even if he knows the TAs.

gundala

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Quote from: FireBallex on May 08, 2020, 08:20:16 AM

The best time to trade is now, the greenish state where you can easily get some dollars without worrying too much because big FOMO is happening since days back now due to next BTC halving, believe me green market will stay around for few more days, price will fall but quick recovery will always take place too

It is very good if you have high confidence in your analytical skills. One of the keys to trading is self-confidence, the analysis is done independently and is not distracted by the analysis or predictions of others. If wrong, find the error and correct it. Someone who gives up and doesn't do an evaluation, will not get anything. Trading is a long process to be truly understood, enjoy this learning process and don't be in a hurry.

FireBallex

member

Activity: 462

Merit: 19

The best time to trade is now, the greenish state where you can easily get some dollars without worrying too much because big FOMO is happening since days back now due to next BTC halving, believe me green market will stay around for few more days, price will fall but quick recovery will always take place too

Jating

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Activity: 2842

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Quote from: kceekcee on May 08, 2020, 06:06:40 AM

Quote from: torrantz on May 07, 2020, 10:35:49 AM

I can take the main point from your explanation if it's about how we can learn from our past experience and try to do better in the future. This is a common thing in the crypto but the problem is it's not enough just try to learn from our past experience but we must also try to learn how to trade combined with various data.

I think learning from past experience needs to be explained thoroughly.

When you are learning from your past mistakes, it means that you have identified the cause, shortlisted a better method and subjected yourself to learning further more and more advanced. If you just learn from the mistake and not upgrading your knowledge by unlearning to relearn.

Then there is not going to be any significant progress.

Right and to add to that, you should write down everything, what went wrong, the root cause and try to find a solution. I usually write it down on a notepad and try to understand where my mistakes are and to be sure that I won't repeat the same mistakes again. Maybe I became too emotional and attached to the project itself that's why a wasn't able to get out while I'm still in a profit. There's no successful trader that started winning, everyone goes on that painful experience. It's really up to us how to used that and motivated and educate ourselves more to become a good and effective trader.

kceekcee

jr. member

Activity: 211

Merit: 1

Quote from: torrantz on May 07, 2020, 10:35:49 AM

I can take the main point from your explanation if it's about how we can learn from our past experience and try to do better in the future. This is a common thing in the crypto but the problem is it's not enough just try to learn from our past experience but we must also try to learn how to trade combined with various data.

I think learning from past experience needs to be explained thoroughly.

When you are learning from your past mistakes, it means that you have identified the cause, shortlisted a better method and subjected yourself to learning further more and more advanced. If you just learn from the mistake and not upgrading your knowledge by unlearning to relearn.

Then there is not going to be any significant progress.

wingfield_crypto

jr. member

Activity: 140

Merit: 3

Trading is also based on information. You invest in a project when you are sure that the project is a success. Moreover, it is important not to expect quick gains, so you only need to invest the amount of money you can afford to lose. It is also important not to invest the entire amount of money in a single project, because the risk is too high.

ElmedoRator

full member

Activity: 826

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To avoid failure in trading, you need to have a lot of knowledge about this market. If you do not have the knowledge, surely you will continuously lose money and in the end you will lose everything

Mighty_crypt

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Quote from: kceekcee on May 07, 2020, 10:02:44 AM

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.

To stay safe in trading I avoid constant trading, I only buy Bitcoin when the price is low and sell when price is high, this is the safest trading strategy, you will hardly lose money this way

tbterryboy

sr. member

Activity: 2030

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Quote from: kceekcee on May 07, 2020, 10:02:44 AM

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.

If the loss is too much, it's best that you take a break from it. Seriously, if you lose all the money there will be no other way for you to continue the trading.

Take your time and learn about it and look at the reasons why you have been losing your money, if you're able to figure them out , you can then look for ways to sort out your problem. Making a constant loss means that things are not being done right, so it's best to stop and look for a solution and not just keep repeating it and losing your money. And moreover trading does not work for everyone, if it's not working after a hard try, then look for something else.

Topic: Wanna Know how to trade? - page 6. (Read 1050 times)