What did you learn about crypto trading? - page 3.

kesmex

full member

Activity: 1110

Merit: 104

Quote from: Maestro75 on May 13, 2022, 12:57:28 AM

Quote from: youdacapt on May 09, 2022, 01:20:31 PM

My biggest lesson about crypto trading is the fact that no matter what you must sell. Selling is the most pivotal aspect of crypto currency trading because without selling; you are never taking profits and without taking profits and increasing your capital, crypto currency trading is not sustainable. The most important factor to remember is that a 10% profit is better than an 80% loss.

I learnt this lesson also but in a hard and rough way, I expected my profit to increase and get to a height too high. It never happened. I did not know it was a pumped token when it was increasing in price. It is bad to hold a pumped and dumped token. If you have them is good to take profit once it goes up. Do not be attached to them except you want to suffer loss and depression.

If you have a token like that, it's better never to make a decision to hold it in the long term,
because it's too risky to lose money and it's better to sell immediately when it's profitable,
for the long term the top coins are still the main choice and there is no need to doubt it

sklopan

jr. member

Activity: 98

Merit: 2

It should be understood that training is an extremely important aspect for work, which needs to be given enough attention. It is important to understand that this really requires attention in order to be successful.

Leebabe

newbie

Activity: 42

Merit: 0

Whatever it is we may have learned is still being learned everyday. I've come to see and keep seeing that we all need patience in trading. What we may have drafted out using the knowledge we have may not come out or yield results immediately so we need to be patient. When it does, make sure to be disciplined. Be disciplined when working with your capital, protect your capital and don't go all in.Do not let greed set in,know your entry and exit points. Take reasonable risks that are not clouded in greed , sometimes it could be you following the trend but at the same time doing your own research. Try to know when to stay away from certain coins

Maestro75

sr. member

Activity: 1960

Merit: 329

Quote from: youdacapt on May 09, 2022, 01:20:31 PM

My biggest lesson about crypto trading is the fact that no matter what you must sell. Selling is the most pivotal aspect of crypto currency trading because without selling; you are never taking profits and without taking profits and increasing your capital, crypto currency trading is not sustainable. The most important factor to remember is that a 10% profit is better than an 80% loss.

I learnt this lesson also but in a hard and rough way, I expected my profit to increase and get to a height too high. It never happened. I did not know it was a pumped token when it was increasing in price. It is bad to hold a pumped and dumped token. If you have them is good to take profit once it goes up. Do not be attached to them except you want to suffer loss and depression.

TelolettOm

hero member

Activity: 2086

Merit: 553

Leading Crypto Sports Betting & Casino Platform

Quote from: LouVandetta on May 12, 2022, 09:57:55 AM

Holding is not always the best solution. Sometimes you just gotta CL some of your investments -snip-

Yes, I agree. If CL (Cutloss) seems a better option than holding, why not to decide CL? In some cases, I also did CL. I prefer to get a small loss than get bigger losses. In addition, some coins are not for holding a long time, for example meme coins. If the coins look like to drop more and more, it is better to sell them (CL). We don't know if the coin will survive or disappear in the future. There are many meme coins delisted on exchanges.

LouVandetta

sr. member

Activity: 602

Merit: 253

Quote from: so98nn on May 12, 2022, 04:42:11 AM

If we wanna be in the game of trading then we need to be stubborn; stubborn in many ways actually. Right from the beginning when we put in our money, how much it is, whether the money is going in right crypto coin or not. The time is hugely important when we work with crypto trading. The volatility is at its best in the crypto. Just check the live prices, we are so much down in the pricing that most of the peeps might have lost huge chunks from the crypto but those who are selling are the only ones whose loosing the money. If you gonna be stubborn and keep holding through this down time then definitely it’s worth it.

Holding is not always the best solution. Sometimes you just gotta CL some of your investments and maybe buyback or maybe wait for the market to recover and seek for another potential coins. We should know the risks of trading before anything else. And as what they always said that only invest what you can afford to lose.

Welp, from my experience of tradings, just do your research thru and thru. Sometimes crypto market might give you a surprise, be it in a bad way or good way. So be prepared with all the possible outcomes.

so98nn

hero member

Activity: 2114

Merit: 603

If we wanna be in the game of trading then we need to be stubborn; stubborn in many ways actually. Right from the beginning when we put in our money, how much it is, whether the money is going in right crypto coin or not. The time is hugely important when we work with crypto trading. The volatility is at its best in the crypto. Just check the live prices, we are so much down in the pricing that most of the peeps might have lost huge chunks from the crypto but those who are selling are the only ones whose loosing the money. If you gonna be stubborn and keep holding through this down time then definitely it’s worth it.

MinMan

full member

Activity: 628

Merit: 154

Quote from: sensimilia on May 09, 2022, 10:26:14 PM

Quote from: galambo on February 19, 2022, 02:08:05 AM

The lesson which I learned from my few trading transactions are that I am not suitable guy for this. I switched myself from trading to HODLing very early and that helped me in minimizing my crypto loss.

What is being said here is the performance of the network knot and the long-term chat holdings that are being held here, if they are mentioned here, what they keep away from here but those who are polite here but sit here with a lot of patience but there are some basic things here. They also have to be patient by investing because the training they have is more suitable

Network knot? I don't know what that means but I think it wasn't the fault of the network whatever happens to us. It's hard to understand your post but I agree that we need to have a patience not only in investing but to also in trading. The guy above might be lacking of patience because he said he switch from the very early.

How will we know if we are fit for this or not if we will quit easily? Would it be better if we will allocate more time for practicing and trying? If that still didn't work, that must be the perfect time to change careers. Investing can be much easier than in trading. I understand that those who fail to trade will jump on here instantly.

sensimilia

sr. member

Activity: 702

Merit: 251

Quote from: galambo on February 19, 2022, 02:08:05 AM

.
The lesson which I learned from my few trading transactions are that I am not suitable guy for this. I switched myself from trading to HODLing very early and that helped me in minimizing my crypto loss.

What is being said here is the performance of the network knot and the long-term chat holdings that are being held here, if they are mentioned here, what they keep away from here but those who are polite here but sit here with a lot of patience but there are some basic things here. They also have to be patient by investing because the training they have is more suitable

nurilham

sr. member

Activity: 1498

Merit: 443

Quote from: Inspiron14 on May 08, 2022, 05:42:46 PM

Maybe there are many people out there who think that it is easy to make a profit either from investing or trading in crypto,
they don't know before they really try it and besides that they should also be aware that investing or trading in crypto has a big risk,
so it is very important to do preparation and also keep learning to improve knowledge and skills

You are right. Many people out there only know the success in trading or investment, they don't know how difficult to do it. They are interested to do the same thing after they see some people who can earn big money from trading or investment. Because they are in hurry, they forget to learn, they only focus on choosing coins to buy. They don't know if success in trading cannot depend on the coin only, but there are many factors to be considered as well. A proper strategy, a good mentality, knows the market trend are needed to learn. Mastering these things cannot be in a single day, it takes a lot of time.

youdacapt

sr. member

Activity: 1876

Merit: 295

GOD is TRUE

My biggest lesson about crypto trading is the fact that no matter what you must sell. Selling is the most pivotal aspect of crypto currency trading because without selling; you are never taking profits and without taking profits and increasing your capital, crypto currency trading is not sustainable. The most important factor to remember is that a 10% profit is better than an 80% loss.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: Inspiron14 on May 08, 2022, 05:42:46 PM

Quote from: BobK71 on May 08, 2022, 01:03:44 PM

Quote from: Alert31 on December 02, 2021, 09:36:45 AM

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

Most of the time new traders make the mistake at that moment. They thought that it is very easy to earn money by investing in crypto currency. They can not control their self ultimately they lost huge money. So it is very important in trading platform is learning there is no alternative way to get success accept it.

Maybe there are many people out there who think that it is easy to make a profit either from investing or trading in crypto,
they don't know before they really try it and besides that they should also be aware that investing or trading in crypto has a big risk,
so it is very important to do preparation and also keep learning to improve knowledge and skills

Smart people certainly have to know the basics first before deciding, as with cryptocurrencies, many of them immediately buy a coin without learning it, they are afraid to be late to buy, actually a classic reason, and we may have experienced it when Fomo arrived. of course for that we need to understand crypto and try real trading, so that by itself we will prove the bitter experience of people, and we can feel it, or if we are smart then we can learn from people's experiences so that we can control it

Inspiron14

full member

Activity: 1064

Merit: 101

Quote from: BobK71 on May 08, 2022, 01:03:44 PM

Quote from: Alert31 on December 02, 2021, 09:36:45 AM

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

Most of the time new traders make the mistake at that moment. They thought that it is very easy to earn money by investing in crypto currency. They can not control their self ultimately they lost huge money. So it is very important in trading platform is learning there is no alternative way to get success accept it.

Maybe there are many people out there who think that it is easy to make a profit either from investing or trading in crypto,
they don't know before they really try it and besides that they should also be aware that investing or trading in crypto has a big risk,
so it is very important to do preparation and also keep learning to improve knowledge and skills

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: BobK71 on May 08, 2022, 01:03:44 PM

Quote from: Alert31 on December 02, 2021, 09:36:45 AM

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

Most of the time new traders make the mistake at that moment. They thought that it is very easy to earn money by investing in crypto currency. They can not control their self ultimately they lost huge money. So it is very important in trading platform is learning there is no alternative way to get success accept it.

There are many reasons why a trader can earn profit from this market but definitely you need basic information on how to trade crypto at the very least. It is easy to trade, but getting profit is another thing. The simple rule in trading which is, buy low, sell high is actually difficult to execute once you are in the trading market. How would you know it is in the lower price level of the coin or the higher price range. So in this regard, you need to focus on the coin/s you want to trade with and understand their market movement. For sure, there is a reason why they were dumped for certain period of time or come rising after couple of months. That's your goal here, understand their market so you approximately know when to execute your trades.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: Alert31 on December 02, 2021, 09:36:45 AM

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

Most of the time new traders make the mistake at that moment. They thought that it is very easy to earn money by investing in crypto currency. They can not control their self ultimately they lost huge money. So it is very important in trading platform is learning there is no alternative way to get success accept it.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: Sayeds56 on April 18, 2022, 03:51:47 AM

Quote from: LUCKMCFLY on April 17, 2022, 04:50:58 PM

Quote from: wendty on April 09, 2022, 01:24:38 PM

I learnt many favourable things from crypto trading that can help me to develop and improve financial aspect and economy aspect. I used to buy bitcoin anytime without looking into the market price, if it will be favourable or not before purchasing.
I learnt how to buy bitcoin and when to sell bitcoin to make a good profit at the end of the business. It hard me to experience losses in my investment since I learnt how to buy bitcoin when the price is low in the market .

Well my criteria for buying BTC has changed a lot, although for me now buying BTC is a good time as long as the price is below its last ATH, before I used to buy when I saw an increase in the volume of the charts in the exchanges , because he told me that they were whales entering, and if you buy when the whales buy it is a very good moment, and to sell is when you see the movements of the volume, not in a chartist style but by reading and understanding the volume, the only thing is that each exchange has its volume, and there should be a consolidated volume to have more truth when deciding to make a trade.

Well said. Trading volume is a good indicator to evaluate the strength of Bullish or bear trend but as you said we need to look at larger picture of volume( consolidate volume of all exchanges) and I think this information is available on coinmaketcap for every listed coin/token. I think the best time to buy is not when price is increasing but when price is bottomed out on weekly or monthly charts and signs of price recovery become visible.

Yes, although I have been very aware of the volume in CMC and although it is quite good, CMC does not take into account some volumes of Korean Exchanges and there is already a certain lack of information, or volumes that are sometimes made in p2p exchanges, then if there is no consolidated volume it is like entering a casino to gamble, I know that there are people who pay to have the consolidated volume and it is still difficult, but having the consolidated volume, but at least 80-85% of the volume consolidated decisions can be made much more reliable, but those who do not have such tools, it is necessary to look for the volume of Binance, Btifinex and exchanges where large volumes are handled to see if a more specific analysis can be done.

MinMan

full member

Activity: 628

Merit: 154

Quote from: Sayeds56 on April 21, 2022, 05:22:00 AM

Trading is not an easy way to get quick rich, it is a serious profession and need adequate training of Technical charts, good knowledge of risk and money management skills as well as up to date information of crypto industry to be a successful trader. There is another way to make money beside trading by participating in ICO/IDO/IGO of good projects on well reputed exchanges like Binance. The recent example is STEPN ( GMT)project which was launched on Binance and it has given more than 1000% profit to its participants and also who bought it right after launching of project at low price because the use case of the project is very strong and attractive for investors.

It is not an easy thing, but it is an easy thing to do get into, that's the problem. You can't just start coding and be a bad coder, I can't start coding today, I wouldn't know how to, or I can't suddenly become a designer, or a doctor, or a lawyer, there is nothing that could help me do all of these today.

However, I could put my money in, buy bitcoin, sell it, and I traded. Which means that it is a profession that requires training and learning how to be good, but it's something anyone can do in under 5 minutes very easily. This is the risk of trading, if you are not good yet, and you could still trade and end up losing money, that's a risk you are taking.

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

Quote from: kamilah147 on April 20, 2022, 03:41:57 PM

yes, trading is not a place to get rich in a short time. Trading is a new style of work without wasting too much effort and time. trading is a side income, meaning there is a main job to do. if we use trading as our main job, we will have bad luck for our daily needs if the market is not in our favor. so in my opinion use free time to trade as additional income.

It is very funny to think that trading can get one rich as soon as possible, trading is like second hustle to assist one financially. It is not really advisable to depend on trading without having any other source job or business, profit in trading comes unexpected and if ones put all the attention waiting fall profits and it doesn't come at the appropriate time, it can be frustrating and make one to be emotional.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: Sayeds56 on April 21, 2022, 05:22:00 AM

True. Trading is not an easy way to get quick rich, it is a serious profession and need adequate training of Technical charts, good knowledge of risk and money management skills as well as up to date information of crypto industry to be a successful trader.

I don't think there's any easy way at all to quickly get rich. Even scamming people needs a certain level of skill (not that I agree with the act itself). Just that trading is seen as something much harder because it involves us spending money in a visible way to earn more. And well, trading visibly risks more than other types of skills such as a regular work, where it risks both time, money and attention compared to your average regular work (which most of the time only involves time and attention).

Quote from: zaesvlas on April 21, 2022, 08:28:29 AM

I think that every trader has learned a lot in the process. At least, we definitely got a very important and necessary experience.

True. Every trader has lost something, and imo, losing means that there's something to learn out of it. Take it as a tuition fee I guess.

zaesvlas

jr. member

Activity: 140

Merit: 2

Before starting to work, I studied a lot of aspects. It is extremely important to pay attention to this, because it has a very big impact on the results of the trader.

Topic: What did you learn about crypto trading? - page 3. (Read 2335 times)