Want to achieve success in trading? | Bitcointalksearch.org

michellee

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Quote from: Mahanton on June 29, 2019, 11:40:32 PM

Quote from: Snaic on June 29, 2019, 02:33:04 PM

I think that any newcomer will find enough correct information on bitcointalk to learn how to trade well and get not only good profits, but also good experience for further development. In addition, the YouTube resource is very important for obtaining different information, which also contributes to the improvement of knowledge and experience.

All necessary informations are already online either on this forum or on youtube which you can eventually make yourself learn
without the need of others help.You can take some other trading styles or system but it is where you should make your own that makes you profitable.

Yes, there are many lessons about trading we can find on the internet with or without paying, but I prefer to search for the free lesson of trading. To achieve success in trading, we need to learn many things, but the most thing that we need to have is patient, stay calm, avoid greediness. After you can control that, I think you can start to learn about the analysis that needed on the trading itself. I am sure that if you can learn step by step of the basic trading, you will be able to get your first profit.

romecheo

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Trading are too difficult as I experience, although, I am just new to this matter, I can say, it could make you broke in a matter of days or hours, you may not have enough sleep and rest,.

I've followed many rule's and precaution in trading, however, I can't make any success.

deisik

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Quote from: Coin-Desk on June 17, 2019, 07:13:40 AM

Trading is not easy at all. It is very difficult and technical work. It is difficult to achieve success in trading. I am giving some tips which hope to work better in trading. Hopefully these will be successful in trading if you follow them.

Set your goal first
Do not invest more than you can afford
Be patient
Use prudent leverage
Stay aware

These tips are irrelevant

As they don't provide any specific knowledge or insight into doing things right (just like many other such tips, guides and instructions). It is like saying don't worry be happy, but people are still worried and mostly not happy at all. And you evidently forgot the option "stay away", and then you won't fail and lose your money

jerald125

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You need another 20 percent at least minus to score on different losses when trading - this is the scams of exchanges and ISO projects, unproved transactions, hacking accounts and do not say that you never lost money on the crypt

Mahanton

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Quote from: Snaic on June 29, 2019, 02:33:04 PM

I think that any newcomer will find enough correct information on bitcointalk to learn how to trade well and get not only good profits, but also good experience for further development. In addition, the YouTube resource is very important for obtaining different information, which also contributes to the improvement of knowledge and experience.

All necessary informations are already online either on this forum or on youtube which you can eventually make yourself learn
without the need of others help.You can take some other trading styles or system but it is where you should make your own that makes you profitable.

Snaic

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Activity: 658

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I think that any newcomer will find enough correct information on bitcointalk to learn how to trade well and get not only good profits, but also good experience for further development. In addition, the YouTube resource is very important for obtaining different information, which also contributes to the improvement of knowledge and experience.

lienfaye

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Quote from: Eildosa on June 28, 2019, 05:38:01 PM

The hardest part is getting started. At the beginning of the road is always difficult. But then you will be a great trader. It is worth saying that the process of learning to trade, too, not everyone can master and therefore we have so few truly professional traders.

We are once a newbie in trading, experience is a good tool to become successful here because there's no shortcut. We have to learn step by step and that's how pro trader became successful.

Tips like what op said is appropriate for traders who are just beginning their journey in trading, thats the basics that one should know.

Have plan and dont be greedy.

kodtycoon

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Quote from: Coin-Desk on June 17, 2019, 07:13:40 AM

Trading is not easy at all. It is very difficult and technical work. It is difficult to achieve success in trading. I am giving some tips which hope to work better in trading. Hopefully these will be successful in trading if you follow them.

Set your goal first
Do not invest more than you can afford
Be patient
Use prudent leverage
Stay aware

it is all a way that can work well by people who have high experience in this field and for those who have just started trading this method or strategy still has the risk of losing due to lack of skills in analyzing. so you need experience and keep learning from every moment you get to achieve success in trading

Eildosa

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The hardest part is getting started. At the beginning of the road is always difficult. But then you will be a great trader. It is worth saying that the process of learning to trade, too, not everyone can master and therefore we have so few truly professional traders.

sujonali1819

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Quote from: Coin-Desk on June 17, 2019, 07:13:40 AM

Trading is not easy at all. It is very difficult and technical work. It is difficult to achieve success in trading. I am giving some tips which hope to work better in trading. Hopefully these will be successful in trading if you follow them.

Set your goal first
Do not invest more than you can afford
Be patient
Use prudent leverage
Stay aware

HMM, the points are really helpful to newbies. And newbies should follow its to be successful. Personally, I suggest people to control emotion and be patience. Because in trading ground emotions play a vital role in a trade. And the main suggestion is to learn more and more before open any trade. The more you learn the success ratio will be more.

guoyu78

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Quote from: vixcious on June 25, 2019, 03:32:58 AM

I have read so many types of theory and even read more about investment rules. but it is still only words and a theory.
In order to become a good trader, we not only need to read, we need to practice to test whether our transactions are right or wrong.
From there we will have experience and we will do a lot better than those who only read books.

You know that it is much easier to advise everyone theoretically, even those that are failure themselves, and very easy to perfect everything in our head than to fully practicalise it, it is when we turn whatever we have read, studied and thought in our mind into practical that we can fully approve ourselves to be worthy of trading our being a perfect trader.

Practice really makes perfect, and this is what we really need to engage ourselves more on like you said, before going into live trading if we really want to be successful in our day trading and not only day trading alone, also in other methods of trading. We need to develop the right strategy that we will get use to for a smooth trading and it is indeed only through practicing we can achieve this.

seleme

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Quote from: Coin-Desk on June 17, 2019, 07:13:40 AM

Trading is not easy at all. It is very difficult and technical work. It is difficult to achieve success in trading. I am giving some tips which hope to work better in trading. Hopefully these will be successful in trading if you follow them.

Set your goal first
Do not invest more than you can afford
Be patient
Use prudent leverage
Stay aware

1) Set your goal first - This is called trading expectations. That's why I advise to use the stop loss and take profit levels before each trade.
2) Do not invest more than you can afford - The problem of the get rich tonight idea.
3) Be patient - Patience pays one day.
4) Use prudent leverage - Overleveraged trades are kinda mousetrap, one day it will be position killer if the market turns against the opened trade.

Bunsomjelican

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I guess every traders want to achieve success in trading, and for us to get it, is depend in our hands not to anyone opinion or advise.
But having a deep knowledge about in trading is an advantage. Also setting our goal is very important as a trader, and We shouldn't be greed in profit, slowly but surely unlike desiring to gain quickly is not a good idea, instead we must avoid this behavior.

sgenuine

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Quote from: bravehearth0319 on June 25, 2019, 08:45:05 PM

Your suggestions were good, but aside from those, you need to consider the market situations also. Like these few weeks, the cryptocurrency prices is really rallying very well especially bitcoin. However, you must be prepared for an unexpected things to happen. This is one of the characteristics of cryptocurrency.

Sometimes, these writers are the guys who did not succeed in trading. Now, they earn money, using different methods. Thus, it is not always correct to believe everything that is recommended. make your own list of recommendations and follow it.T

syamster

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Quote from: klaaas on June 27, 2019, 03:30:46 AM

Never forget your stop loss OP, it could save you surprises when your not around. And Indeed dont get impatient while trading nor greedy.

Surely it is not good to become greedy not only in trading but in everything we will have to control our greed, when you buy make sure you don’t panic it, I have seen so many people who buy but then they become in hurry to get profit, to become successful trader it is very important to have knowledge and patience only them you will be able to get success in trading.

Bezobraznike

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For trading you need to have time, if you don`t have time for trading don`t even start. here we don`t talk about couple minutes, its more like working day, to sit whole day in
your chair and watch charts. I don`t have entire day to spend for trading so I hold.
But never get mad if you lose money at trading, iff you fail in trading, turn to holding, problem solved.

leowonderful

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I almost never trade without stops nowadays, even if I'm sitting at my trading setup for longer periods of time. Unexpected things happen all the time and you might not catch everything that happens all of the time, so a stoploss (preferably a market stop) helps minimize the damage that a mistake of yours might make.

If you aren't in a good mood it may also be a good idea to temporarily stop trading until things get better. Revenge trading can empty your account quickly, and your judgement might not be as good when you're in a bad mood either.

irsykes

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Quote from: klaaas on June 27, 2019, 03:30:46 AM

Never forget your stop loss OP, it could save you surprises when your not around. And Indeed dont get impatient while trading nor greedy.

Stop loss very good for people who not really have time to trade or look market. Because like what you said, price can be really surprised us especially when pumped or dumped. I have seen a coin that dumped a lot instantly and if people not set stop loss maybe can lose a lot.

sana54210

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Quote from: maxreish on June 24, 2019, 01:21:18 AM

It is better if you elaborate all the tips you have mentioned here. And also, it is very important for a trader to control their emotions. Greed and regrets, those two we should manage when their is unexpected sideways in the market. Also, do not follow the trend. When most of the traders sell, do not sell. That's how it works often times.

I also agree that setting lowest leverage like 2-5% is better to save from the liquidation. The higher the leverage, the higher chance of being liquidated.

You have to be a little bit careful there with that mentality of yours and I think that policy of not selling when others are selling needs to be flexible, I know this advice was given by a great popular writer, but doesn’t mean it will work in all situations.

If Bitcoin reaches ATH now, and I see people dumping, why should I not sell along with them, when I know where the coin is already heading to, We can only advise people not to panic sell when the market is not yet ripe, but not to completely advise them not to sell when people are selling, if we don’t sell when everyone is dumping, then what do you think will become of our investment, and as you can see that this policy is what got lots of people confused in the last altcoins season that they didn’t sell when they were supposed to sell till the market became useless.

klaaas

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Never forget your stop loss OP, it could save you surprises when your not around. And Indeed dont get impatient while trading nor greedy.

Topic: Want to achieve success in trading? (Read 869 times)