Trading teaches us life lessons and i am pretty sure all have known it.
The main things I learned about crypto trading is that to not trade with emotions.
Also if you show greed in trading then definitely you will face the loss.
Trade in limit and cash out when necessary.
These are the golden lessons i have learnt while trading the crypto.
Hope this helps all the newbies out there who are willing to come to crypto trading.
Topic: What did you learn about crypto trading? - page 4. (Read 2285 times)
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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.
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.
If you buy a coin in the cryptocurrency market and give that coin for a long time, it can be called holding. In the long run, if you buy a coin with a target, you will see that if the price of that coin increases, then you will get a good post from here, in the long run, you can earn a good amount of money here.
I think that every trader has learned a lot in the process. At least, we definitely got a very important and necessary experience.
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.
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. 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.
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.
We know that there is no ending to learning. If some one always in learning then he will be the most experienced. The crypto world is a platform for experienced players to always rely on your knowledge to survive. One of the common mistakes we often make on trading platform which is buy in the bull market hope of quick profit but suddenly it stops and we face huge losses. Now i am confident and know hot to control my self at that moment.
In general, I learned quite a lot about cryptocurrencies. It should be understood that this is the kind of work that really requires knowledge. Otherwise, the results may not be very encouraging.
I have been doing sprot trades for a long time today. I have learned this by watching my friend. Through my friend, I do sporting tate and by clicking here, I can make a fairly good income and I hope that my income will be better than this in the future.
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 .
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.
deletd
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
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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 .
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.
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 .
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.
You must spend a lot of time learning crypto trading.There are many people who trade with no experience in cryptocurrency. They make a lot of losses at once. I would say that if you want to trade, you must have enough knowledge about trading.Because trading is not a simple matter, you can make a big loss due to your little mistake.And never be too greedy on trading platforms. Profit similar to your expectation will actually complete your order.If you are too greedy, you can lose a lot at any one time.
preparation before trading using real money was must to by everyone, its not easy as if we spend money for useless thing. trading skills and knowlege was needed to survive in market for everyone who want involved here. many expectation in this market was not as suitable our hope when it be fact.
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 .
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 .
In fact, there is no substitute for learning life. The more you learn, the more you know. However, in the crypto market you can not easily understand anything.You must have enough time to develop as a full fledged trader in cryptocurrency trading platform.Only then will you be known as a full fledged trader. There are a lot of people who start trading on their own with little knowledge.They once lost their core profits and blamed the cryptocurrency.So I would say everyone should refrain from trading cryptocurrency without acquiring skills.
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.
I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.
experience has also taught me a lot that trading is not an easy thing, and it takes a process and patience to be able to profit from trading stably. at the beginning of crypto trading, my enthusiasm was very passionate but what I made was nothing because I felt trading was an easy thing. I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.
Over time I realized that trading requires a process and is not easy to do for those who do not have patience.
When i start trading looks easy just analyze the graph and buy low and sell high, i tried too using the trading demo account, of course, we will not focus on this too much because its not real money we just click the buy and sell button, but when i try to make a real trade it goes well at the first week but after that its the market crash most of my position falls down and get liquidated this is the reason why we always set a trading plans this might help us to make a decision to cut loss and take profits.
You must spend a lot of time learning crypto trading.There are many people who trade with no experience in cryptocurrency. They make a lot of losses at once. I would say that if you want to trade, you must have enough knowledge about trading.Because trading is not a simple matter, you can make a big loss due to your little mistake.And never be too greedy on trading platforms. Profit similar to your expectation will actually complete your order.If you are too greedy, you can lose a lot at any one time.
trading requires skill and also good knowledge in it because then we can determine the right time to sell or buy the coins in the market. besides that a trader must also have a strong mentality and also never give up so that in the future if there is a failure they can learn from it and become better. what needs to be underlined here being a trader is not easy, not just buying and selling but we must be able to analyze the market well and choose the good coins among the many coins on the market. 
Knowing how to protect your funds while trading is part of what you will have to learn as a trader, it is called the risk management side of things, but that isn’t the only thing you have to learn to become a trader. There are lot of things that one would have to learn before they can even start to give it a try. It’s not like you have said that other knowledge will come with experience.
Indeed, there are some of the knowledge that you would gain from having the experience, but before that you have to learn about it first. It’s just like learning the theory of a subject before you go into the practical side of things to experiment with what you have taught and prove that the theory is indeed accurate.
Becoming a successful trader, of course, requires a lot of knowledge and a lot of trading experience. Because trading is very complex and not just buying and selling, there will be many problems in it, about how to do risk management, psychological management and the use of trading tools and strategies.Indeed, there are some of the knowledge that you would gain from having the experience, but before that you have to learn about it first. It’s just like learning the theory of a subject before you go into the practical side of things to experiment with what you have taught and prove that the theory is indeed accurate.
Studying theory and then putting it into practice is something that must be done and done in a balanced way.
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