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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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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Bitcoin FTW!

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.

mikelsmith2020

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It's easy to say in my opinion an experience is the best way to be a successful in trading from here you will learn a lot from things specially when you make mistake and learn from it and lastly in order to be successful you should not afraid to take risk because in order to be successful you should not be afraid in risk and look at it not as a threat but a step in order to be more successful.

TrevorS

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Quote from: goaldigger on June 17, 2019, 09:12:00 AM

There are numerous posts here which has the same thought but this one is lazy. OP didnt even explain it further. Seems like he gets one tip per post then make some topic here.

Anyway, being brave is what you need to start trading. Your guts will become your fuel to try risking your money and end up learning. After this you will realize that the loss you gain from trying is now paying. Red will become green and giving more usefull tips after.

Many people, looking at the success of traders, gain courage and begin to trade, while making a lot of mistakes, losing a lot of money. In trading you need a rational approach, without emotionally and calculating.
By the way OP really lazy.

semobo

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If you had huge investment in your hand then he will definitely successful in trading field because trading need lots of investment then only you can get huge profit using the trading method otherwise if you put very little investment then it will not developed very quickly so that you can definitely wait for long time to achieve something in this field.

Krislaw

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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.

You have to good hand and smart mind. for now are easy to trading because price climbing up and my friend as new user can get profit on one night. This situation are different at 2018, this year is crypto world can get new richer

jrrsparkles

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Quote from: BuxCoin on June 26, 2019, 07:07:38 AM

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

nothing is easy at first when we start learning and doing trading from experience we can make it easy

you have said trading is difficult not easy and you give same basic points , there are several topics here which are more informative then yours

People will come up with more and more topics even if they were repetitive just for the merit hunting.Anyway its still good to discuss about the topic because price of bitcoin is again rising and it is going to hit new peak will attract lot of people towards trading as well.

BuxCoin

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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

nothing is easy at first when we start learning and doing trading from experience we can make it easy

you have said trading is difficult not easy and you give same basic points , there are several topics here which are more informative then yours

RealMalatesta

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Quote from: ryzaadit on June 23, 2019, 01:10:46 PM

Basic step and everyone already doing all of this, but still getting lost on their capital. Would be glad if you share your result trade history at here too, not only just make this guide/tips without a proof you already successful doing this guide/tips went you doing a trade activity.

Here are people that have followed those simple principles that you see diligently and have made it through their trade, trading is not just for everyone, those tips may never work for so many people, especially those who do not commit their heart to it or do it for passion.

If you rush into trade because you want to make quick money, without following right strategy and having a continuous practice, you will rush out back without making a dime. Everything is all about patient too, the fact the tips are not working out now, doesn’t mean it is ineffective, you just have to keep practicing to get it right.

ufaiz50

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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

In trading we also need analysis, this is different from set goals, set goals is more to profits that will be taken and while the analysis to make you can guess how far the value will move, this gives you the position of the value of coins in management called trend analysis. I agree with some members that what is written OP is the basics of trading, even if it is explained that the basics still have other meanings and explanations, for example if we want to make a goal we need analysis where the set of goals we make is not wrong far.

Capt00

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We want success and more profitable but is it our choice to make it. A lot of individuals do the try but somehow only a few of them have passed. Most likely, those people who didn't make it are those people that aren't well prepared and don't have courage. As I've always put in my mind that, if others can do, I can also make it. But unfortunately, trading isn't for everyone and so others fail.

iMark

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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

Yeah thats the basic you should to have for a trader is as you mentioned, I think traders also have to be smart in adjusting their strategies to the conditions that are on the market, when bullish as it is now, it might be good to take risks by allocating more funds to buy, I'm sure it will be worthed in the current market conditions

bravehearth0319

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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.

Viscore

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Quote from: Vaculin on June 25, 2019, 07:16:26 PM

Quote from: Rooster101 on June 25, 2019, 05:39:45 PM

If you are newbie, you should educate yourself first with the basics of cryptocurrency and trading. Learn how the coins and crypto market moves when there are ongoing developments or events related to them. Learn how to use technical and fundamental analysis, including price actions and master them before you start trading, the more you are prepared, the more you have the chance succeed in your initial trading. Be pateint and never stop learning.

It is good enough for new traders to know the basic in trading, and to learn more about this field will need time.
We can't learn it instantly but gradually, so we never expect those people who wan't quick and instant learning will succeed in trading but to lose their capital only. Cause even me, I'd struggled it before it almost perfectly done.

I think everybody here have been through with a lot of struggles before making trading a sucessful one. Trading cannot be learned in just a short span of time because it will take a long period of time to master the movement of the coins and its price fluctuations. Newbies should be well prepared if they will enter into trading so they can make it a profitable one.

rodel caling

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Quote from: numanoid on June 17, 2019, 09:23:46 AM

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

Do not invest more than you can afford

Why there is don't invest in trading? Trading doesn't need any investment. Trading isn't investment, which you only need to wait until your investment growing.

And don't forget, trading isn't a way to rich quick

Exactly trading is one of the source to earn profits but yes they can't get quick rich working in trading people need to this and to get huge earning in trading need focus and quality time with patience.

Quote from: Rooster101 on June 25, 2019, 05:39:45 PM

If you are newbie, you should educate yourself first with the basics of cryptocurrency and trading. Learn how the coins and crypto market moves when there are ongoing developments or events related to them. Learn how to use technical and fundamental analysis, including price actions and master them before you start trading, the more you are prepared, the more you have the chance succeed in your initial trading. Be pateint and never stop learning.

That is very pretty good advise for those all newbies want to join in crypto currency trading education is the best key how to success n trading.

Vaculin

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Quote from: Rooster101 on June 25, 2019, 05:39:45 PM

If you are newbie, you should educate yourself first with the basics of cryptocurrency and trading. Learn how the coins and crypto market moves when there are ongoing developments or events related to them. Learn how to use technical and fundamental analysis, including price actions and master them before you start trading, the more you are prepared, the more you have the chance succeed in your initial trading. Be pateint and never stop learning.

It is good enough for new traders to know the basic in trading, and to learn more about this field will need time.
We can't learn it instantly but gradually, so we never expect those people who wan't quick and instant learning will succeed in trading but to lose their capital only. Cause even me, I'd struggled it before it almost perfectly done.

Rooster101

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If you are newbie, you should educate yourself first with the basics of cryptocurrency and trading. Learn how the coins and crypto market moves when there are ongoing developments or events related to them. Learn how to use technical and fundamental analysis, including price actions and master them before you start trading, the more you are prepared, the more you have the chance succeed in your initial trading. Be pateint and never stop learning.

Noilee

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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.

Usually to read is very helpful and it can help you to understand also, because you will get more ideas. While you read, it needs to study it and try to apply in trading. So its easier for you to know if what can you do the best to make you success in trading.

vixcious

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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.

el kaka22

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I believe trading and investing are about the same things at the first entry point, if you want to trade you first have to put in money to be able to trade, or you may just happen to find some money but even that is investment if you decide to trade with it and not take it out.

So, yeah investment long term and trading are different things but there is investment involved in trading as well, after you start to buy and sell it becomes trading but the first purchase is always trading. On that note the OP wants to tell people that they should not put in too much money and only put in money they can afford to lose because trading is a zero sum game considering the trading fee where someone makes money and the other loses and in the end the exchanges take all the money eventually.

Finestream

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Quote from: gabbie2010 on June 24, 2019, 01:53:09 PM

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

Its easier said than done obviously its a big challenge to follows those itemized points when it comes to live trading a lot of traders emotionally or psychologically might not follow those rules again having incurred some losses in some trades and in a bid to recover those losses they bypass those rules and at the end incurred more losses having a mindset of greediness to their detriment of their set rules.
Experience matters most when becoming a successful trader because such a trader had been well punished by the market thus will trade with caution.

Right.Experience still matters the most.Your good tips in trading might be very helpful too but without varied experiences in trading,it won't end up sucessfully.Trading is all about risks taking.If you are hesitant to take risks,then do not bother to do trading anymore.

Tungsten-1

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Quote from: gabbie2010 on June 24, 2019, 01:53:09 PM

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

Its easier said than done obviously its a big challenge to follows those itemized points when it comes to live trading a lot of traders emotionally or psychologically might not follow those rules again having incurred some losses in some trades and in a bid to recover those losses they bypass those rules and at the end incurred more losses having a mindset of greediness to their detriment of their set rules.
Experience matters most when becoming a successful trader because such a trader had been well punished by the market thus will trade with caution.

I think a trader should try to be himself and there should be nothing to brag about when it comes to trading because you could make a mistake anytime in investing in the wring coin etc. So I think if you are conscious enough and you have good understanding about the profits and loss in crypto, you would be able to minimize the cost and looking for a high profit could make things way to great for you. You learn with the passage of time.

gabbie2010

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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

Its easier said than done obviously its a big challenge to follows those itemized points when it comes to live trading a lot of traders emotionally or psychologically might not follow those rules again having incurred some losses in some trades and in a bid to recover those losses they bypass those rules and at the end incurred more losses having a mindset of greediness to their detriment of their set rules.
Experience matters most when becoming a successful trader because such a trader had been well punished by the market thus will trade with caution.

EdenHazard

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Being a successfull in trading field are not about how much strategies do you have but more than that you should have a lot practices and experiences. What I have been felt when I do trade it is not all about buy low and sell high or put the management risk on the first strategy also how much money that I can afford to lose it is not about them. You will find another lose when you ignore your privously trade which mean the experience when you get a lose or you get profit you don't make an evaluation against it. Remember the sentence of the history will repeat itself it is very useful in trading too, pay attention about market condition and remember it maybe it will be good for you.

mersal

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Quote from: bettercrypto on June 24, 2019, 09:43:26 AM

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

Those are good tips in trading but I think there still one left. We need to be determined and faithful. We can perfect our trades. In fact, if you have patience soon it will die! Specially, if you see that there is nothing changes. Therefore, determination is good because you always have dedication to pursue even you are in the darkest nights. Being faithful also, not in yourself but by Divine Providence. It may help you to accomplish your trades and be successful.

There is no perfect trades,we just need to assume them as because prices changing for minutes to minutes so it may increase or decrease at the next moment so all you need to do is concentrate on how much money you want to make .

Anyway it is an easy job but not easy to be successful in the long run so it might need determination as well to stay without quitting even when the market is deep down.

bettercrypto

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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

Those are good tips in trading but I think there still one left. We need to be determined and faithful. We can perfect our trades. In fact, if you have patience soon it will die! Specially, if you see that there is nothing changes. Therefore, determination is good because you always have dedication to pursue even you are in the darkest nights. Being faithful also, not in yourself but by Divine Providence. It may help you to accomplish your trades and be successful.

sana54210

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Quote from: DoublerHunter on June 19, 2019, 01:17:04 AM

Well, those are not always the things you have to adapt if you want to be a successful trader. I understand the point you have since you considered trading as an investment. But technically it's not, it is a separate category. Investing and trading are two factors you cannot compare that much. If you want to be successful in trading, guts and risks are always there. You have to be hurt before becoming a successful one. Experience is always the best teacher. Being naive is really not a good thing. You have to learn and eat more food first!

I often do hear these statement a lot that one has to be hurt to become a successful trader,, I know that trading is full of risk, but there is a stage you get to with practice that the real live trading becomes easy for us,.

The reason why many of us feel we have to loose several trades before we can become perfect is because we use live trading for practice which is not right, one thing I learnt from my mentor is that you can start getting it right the moment you start live trading, but you must have practiced a lot for months and years through demo, this is the path many does not want to take, they learn a little and start using live trading as practice which I don’t think is the best approach.

maxreish

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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.

coinluisa

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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

That's true it's not easy it comes in trading we need a lot of idea and strategy to make it successful our trades in crypto. Because the crypto market is volatile. Any many thing will be need to avoid and needed to apply to ourself especially patience.

zhekinsp

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★777Coin.com★ Fun BTC Casino!

If you want to achieve something in your life you need to be Adamant on that then only the success will give the hand for you otherwise if you don't take any effort are don't have any mind about the success then it will not easily came to.

Golftech

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Quote from: Findingnemo on June 23, 2019, 11:31:43 AM

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

Start crypto trading if you are curious to take risks at any moment and also you need to live an uncertain life.This might not suitable for the people who always think conservative so choose trading depends on your mindset.

Choose trading depending on what capabilities you have, there's always factors that needs to affects your mindset when you are inside this market,
each time you make any decisions you should keep following your plans, never to over react and keep your assets safe free from fuds.

JohnBitCo

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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

Everyone is aware of these best practices in trading but very few follow it religiously. In most cases emotion take control of over us when we do trading and then we beginning to ignore these golden rules. To be remain patient in trading is most difficult things as we are also tempted to panic sell and fomo buy in trading.

Things to avoid in trading:

1- Fomo Buying
2- Panic selling

Rufsilf

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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

Sure did, trading can be very difficult if you haven’t study about trading, in trading you have to be patient because you have to study hard to become a good trader, you may need to experience losses to become better. Trading is a serious thing that we should not be joking about.

Kiefner

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You very briefly wrote those tips that everyone knows and adheres to them. These topics on the forum very much. Therefore, your advice is no different from others.

ryzaadit

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Basic step and everyone already doing all of this, but still getting lost on their capital. Would be glad if you share your result trade history at here too, not only just make this guide/tips without a proof you already successful doing this guide/tips went you doing a trade activity.

Findingnemo

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Bitcoin = Financial freedom

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

Start crypto trading if you are curious to take risks at any moment and also you need to live an uncertain life.This might not suitable for the people who always think conservative so choose trading depends on your mindset.

Clark05

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Most of the tips that you given is common tips and most of us already know that. Being patient of course that is number 1 needed of the trader to achieve success in the fields of the crypto trading.

Tips is always a tips person maybe the person excluded the other tips or ignore because maybe they have other things or ways to achieve they want.

jack8989

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StartFi

Quote from: RealMalatesta on June 23, 2019, 07:55:15 AM

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

Your points are straight and clear, but I usually advise people against leveraging, maybe because of my own sad experience, because one thing I have learnt about leveraging is that it attracts greed. Everyone know how good the profit can be when you apply leverage, and at first, a trader could follow the rule to apply prudent leverage, but when he sees what leveraging can do, he will be tempted to increase the leverage out of risk believing it will work at that point.

The moment a trader gets tempted to start increasing his leverage, is the moment he starts a journey to losing his trade, thiswas what destroyed my trade, although I have learnt my lessons, but it is better to stay away from it.

Yes, I totally agree with your opinion. There are quite a lot of exchange giving great offers and for us to try out transactions with $ 10k. That will make us excited and know that we will easily make a lot of money.
But margin trading is really a big threat for greedy people and there is not much knowledge about trading.
stay away from it because many millionaires have committed suicide because of market volatility.

RealMalatesta

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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

Your points are straight and clear, but I usually advise people against leveraging, maybe because of my own sad experience, because one thing I have learnt about leveraging is that it attracts greed. Everyone know how good the profit can be when you apply leverage, and at first, a trader could follow the rule to apply prudent leverage, but when he sees what leveraging can do, he will be tempted to increase the leverage out of risk believing it will work at that point.

The moment a trader gets tempted to start increasing his leverage, is the moment he starts a journey to losing his trade, thiswas what destroyed my trade, although I have learnt my lessons, but it is better to stay away from it.

Thanasis

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★777Coin.com★ Fun BTC Casino

Quote from: quality.crypto on June 20, 2019, 08:11:21 AM

Quote from: agatha90 on June 20, 2019, 07:55:07 AM

Don't calculate profit-loss per trading position; but per certain period of time, for example per week, per month, you can install at different prices. And accuracy must be needed, so that we don't miss the moment when prices rise.

Most of the investor will bother much about the day trading only because at the end of the day what was the amount they made a profit on their investment. See there are failures and people who made a huge amount of money through trading, it completely depends upon their patience and ability to wait for it in the long term.

Day trading always been like that,you can't expect to make profits everyday but one day can even make you from recover all the previous day losses so keep day trading when you can handle the losses and make up for it on the next trades or just long term trading would be perfect.

quality.crypto

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Quote from: agatha90 on June 20, 2019, 07:55:07 AM

Don't calculate profit-loss per trading position; but per certain period of time, for example per week, per month, you can install at different prices. And accuracy must be needed, so that we don't miss the moment when prices rise.

Most of the investor will bother much about the day trading only because at the end of the day what was the amount they made a profit on their investment. See there are failures and people who made a huge amount of money through trading, it completely depends upon their patience and ability to wait for it in the long term.

agatha90

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Don't calculate profit-loss per trading position; but per certain period of time, for example per week, per month, you can install at different prices. And accuracy must be needed, so that we don't miss the moment when prices rise.

senyorito123

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#SWGT PRE-SALE IS LIVE

Quote from: Questat on June 19, 2019, 03:32:35 AM

Quote from: numanoid on June 17, 2019, 09:23:46 AM

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

Do not invest more than you can afford

Why there is don't invest in trading? Trading doesn't need any investment. Trading isn't investment, which you only need to wait until your investment growing.

And don't forget, trading isn't a way to rich quick

What probably OP meant is to invest money as your capital in trading, that amount is the total amount you will use in your entire trading journey, so if you loss it, your journey is over and it's necessary to invest what you can afford only so you life would not stop there when you loss.

Moving on is our escape after frustrations, so if we wanted to be successful in trading don't give up. Try other options that might be effective for your trading needs, seek more brilliant ideas from experts and combine them in order to formulate the best ideas. Use your money wisely and invest wisely, because your future depends on how you manage your finances with trading. The safest way is the best way, nothing else does but financial security is the reason why we're trading to earn profit.

hurry_hore

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This subject is not suitable with the content, those are not tips to be successful trader but tips for a beginner to trade safely. More explanation can be easily found such as in this article: https://www.reddit.com/r/CryptoCurrencies/comments/c2dpog/beginner_trader_this_is_trading_tips_from_cindx/

Oilacris

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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

Basic things!

Trading is never been easy that's why most newbies are being wreck or blown up their account
due on believing that they can easily make themselves profitable and soon they do realize when its already late.

The Cryptovator

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Signature Space For Rent

All the points mentioned by OP has been discussed on the forum multiple times. I can't disagree with all of them, but most important point is "patience" during crypto-currency trading. Sometimes I have losed due to lack of patience. And that's why I believe we need increase our patience. Also we need learn market analysis, so we might get a good profits. It's not fully true the we will gain always on trading, we should accept it and move on.

Malamok101

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Proof-of-Stake Blockchain Network

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

Good advice and strategy but we can't stop the market flows because its also hard to start in trading this is very risky ways to earn money in crypto should not stop to hold for long term profit.

Reid

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The last one will be the hardest part.

Staying aware.
It needs a lot of monitoring since the wave of market starts to move everywhere.
Just looking at bitcoin now will make you feel uncomfortable every hour.
Hundreds of dollar is being pumped or dumped in just a manner of time and also there is the possibility of a larger scale of change anytime.

Those kind of movements can make profits or also loss with a bad choice in selling and buying. That is why it becomes a daily routine for me to check the prices of every coin I hold in my portfolio.

Jating

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How about having an entry and exit plan?

It work wonders for me, I don't experience the 'regret' factor, I mean when I put up my exit plan and if it was satisfied, then I quickly get out and never look back.

playboy654

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Activity: 546

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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

Don't threat the beginners by saying it is difficult,actually it is pretty easy when we understand it.

I am occasional trader and even making money from doing trading with less efforts.

But need to understand what we are doing or we will lose at all.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: CryptoMobster on June 19, 2019, 07:37:34 AM

I cannot take this post seriously... Where is the word education? You cannot be successful without actually knowing...

Lazy.

OP, have you done day trade? and if so, what is your profit and losses? because most of the times it is better to talk about your own experience and give advice based on your own experience

avikz

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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 are just few psychological quotients mentioned here! In reality, it takes much more to be successful in trading! It required education, it requires strategy, it requires interest in current market news! Where are those??

I would rather suggest everyone to understand various strategies of trading that professional traders follow. There are lots of YouTube channels that anyone can follow to learn about those! Make use of those contents!

Please update your thread with some good videos about trading. Let me start,

https://youtu.be/321OSwhC1Ok
https://youtu.be/co1j-Er0Gm4

There are hundreds more but these two should help anyone to start!

bitzizzix

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SOL.BIOKRIPT.COM

Very thin if you expect success in trading, because your trade chooses coins that have good potential for you to buy and you will sell them to replace other coins and that is the trader by selecting and sorting coins to trade for profit and in my opinion it will not make You are successful.
if you invest in one or a few coins to invest primarily in bitcoin and make long-term investments in my opinion it can make you successful.

CryptoMobster

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Educator | YouTuber

I cannot take this post seriously... Where is the word education? You cannot be successful without actually knowing...

Lazy.

arbiter5

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The Nomad

Wow! Thanks Coin-Desk! You pretty much reposted what people have been saying about trading pretty much everywhere! Appreciate it a lot! +420!

maldini

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To become a successful trader is only one way, learning, learning and learning. A successful trader has gone through a lot of problems in learning, well in that problem he gets valuable experience, so when you get experience that means you have the ability to go up one level and do it as much as possible until your experience is equivalent to a professional trader.

And everything you mentioned above is just a tip on trading, not a tips for becoming a successful trader.

Questat

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Quote from: numanoid on June 17, 2019, 09:23:46 AM

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

Do not invest more than you can afford

Why there is don't invest in trading? Trading doesn't need any investment. Trading isn't investment, which you only need to wait until your investment growing.

And don't forget, trading isn't a way to rich quick

What probably OP meant is to invest money as your capital in trading, that amount is the total amount you will use in your entire trading journey, so if you loss it, your journey is over and it's necessary to invest what you can afford only so you life would not stop there when you loss.

MinMan

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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

Uuhmm… I think being patient has to do with when you're not a day trader and just someone who likes to hodl? Cause hodl'ers are the ones who have to do their analysis earlier on and invest if there is any chance for the market price to go up. They invest and then they wait and have patience to make profit in the near future. But as a day trader you just have to be smart and fast and know the right time to pull which key so that you can make profits and not losses. I do like your first point… people who are trading should always have their set goals at first and fight for that. Cause when you don't have any goals, you wouldn't have anything to focus on, but just anything that comes your way and that means you're hardly going to hit a profit. Stop losses are important as well.

DoublerHunter

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Well, those are not always the things you have to adapt if you want to be a successful trader. I understand the point you have since you considered trading as an investment. But technically it's not, it is a separate category. Investing and trading are two factors you cannot compare that much. If you want to be successful in trading, guts and risks are always there. You have to be hurt before becoming a successful one. Experience is always the best teacher. Being naive is really not a good thing. You have to learn and eat more food first!

omonuyak

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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

All what you listed doesn’t make one a successful traders,it is just a careful’s tips! I will advise anyone that wants to become a successful traders to developed he or her skills and become a professional in trading as only the professionals tradings in both forex,stocks, commodities and cryptocurrency actually do makes money from the market.

numanoid

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

Do not invest more than you can afford

Why there is don't invest in trading? Trading doesn't need any investment. Trading isn't investment, which you only need to wait until your investment growing.

And don't forget, trading isn't a way to rich quick

goaldigger

sr. member

Activity: 2422

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There are numerous posts here which has the same thought but this one is lazy. OP didnt even explain it further. Seems like he gets one tip per post then make some topic here.

Anyway, being brave is what you need to start trading. Your guts will become your fuel to try risking your money and end up learning. After this you will realize that the loss you gain from trying is now paying. Red will become green and giving more usefull tips after.

Coin-Desk

member

Activity: 182

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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

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