Topic: What did you learn about crypto trading? - page 7. (Read 2340 times)
One of the things I always put at the back of my mind is not to trade with fund I cannot afford to lose, I take this very important . Also I don't force myself on things I know I can't really handle it, like when the market is somehow complicating I don't force myself to trade just because I need some profit, I don't let greed to make decisions for me.
- If you can't control your emotions, then your emotion control you
- take out the emotion and make decision based on probability
- it's always probability and never certainty
- be humble and always consider that you are wrong
- everything can be true, but the opposite also can be true
- Occam's razor https://en.wikipedia.org/wiki/Occam%27s_razor
- if you make a lot of money, don't tell anyone - don't tell anyone that you are in crypto (the risk of getting robbed ist serious)
- get risk free if it pumps, take the initial investment out (e.g. sell 33% if it makes a 3x, or sell 20% if it make a 5x, or sell 10% if it makes a 10x)
- you will never buy at the lowest point and sell at the highest point, you just have to ride the wave and get out of the water before it's get messy
- you get rich by selling too early, because the people who buy it from you must also have hope for rising prices
- reinvest your gains - compound effect is powerful, never cash out and buy luxury things
- take out the emotion and make decision based on probability
- it's always probability and never certainty
- be humble and always consider that you are wrong
- everything can be true, but the opposite also can be true
- Occam's razor https://en.wikipedia.org/wiki/Occam%27s_razor
- if you make a lot of money, don't tell anyone - don't tell anyone that you are in crypto (the risk of getting robbed ist serious)
- get risk free if it pumps, take the initial investment out (e.g. sell 33% if it makes a 3x, or sell 20% if it make a 5x, or sell 10% if it makes a 10x)
- you will never buy at the lowest point and sell at the highest point, you just have to ride the wave and get out of the water before it's get messy
- you get rich by selling too early, because the people who buy it from you must also have hope for rising prices
- reinvest your gains - compound effect is powerful, never cash out and buy luxury things
Seriously trading is not really a easy task, when I started learning how to trade I really lost alot of money because then I don't really have anybody to guild me and am not really the type that learn faster by watching tutorials on YouTube so I really wasted alot of money just because I was learning how to trade which really helped me because I have to learn it in a hard way and the mistakes that was happening before are not really happening now. What I will tell any newbies reading the post you should learn everything about cryptocurrency trading yourself, you shouldn't be expecting trading signals from anybody because most of them are just fake and they always request for money before giving you. Just believe you can do it and definitely with time you will do it.
I am sorry for your bad experience and how you lost money learning how to trade. Many newbie have lost money by trading when they don't know how to read. Trading is very risky and only few people makes good profits from it. Is not everyone that has the endurance to learn. Many of them want it quick and they request for signals. 
I learn trading from Youtube and Telegram channel discussion, I see many people recommended to buy some coin and I made research to know is worth coin for investing or not. Binance telegram exchange market discussion there are very worth because many people recommended with new coin listing every day, but keep make your research to know about good or not about some coin project.
That's what we should do and suggestions from other people should not be taken for granted without doing research first,discussion is important and it can increase knowledge too,
not a few people who only rely on words or suggestions from other people without doing research first and in the end they lose
Seriously trading is not really a easy task, when I started learning how to trade I really lost alot of money because then I don't really have anybody to guild me and am not really the type that learn faster by watching tutorials on YouTube so I really wasted alot of money just because I was learning how to trade which really helped me because I have to learn it in a hard way and the mistakes that was happening before are not really happening now. What I will tell any newbies reading the post you should learn everything about cryptocurrency trading yourself, you shouldn't be expecting trading signals from anybody because most of them are just fake and they always request for money before giving you. Just believe you can do it and definitely with time you will do it.
Here are some of the things i learnt from crypto trading:
1: How to carry out personal research: I learnt how to carry out personal research before trading my coins which has been helping me to make a good profit from my investments.
2: How to be patient : I have learned how to be patient with market price, so that i will not make mistakes like other traders who experienced failure in their trade for not exercise patient with the market price.
3: How to make a good profit: I learnt how to make a good profit from crypto trading by buy coins when the price is low and hold for the price to increase higher before sell to make a good profit.
1: How to carry out personal research: I learnt how to carry out personal research before trading my coins which has been helping me to make a good profit from my investments.
2: How to be patient : I have learned how to be patient with market price, so that i will not make mistakes like other traders who experienced failure in their trade for not exercise patient with the market price.
3: How to make a good profit: I learnt how to make a good profit from crypto trading by buy coins when the price is low and hold for the price to increase higher before sell to make a good profit.
I learn trading from Youtube and Telegram channel discussion, I see many people recommended to buy some coin and I made research to know is worth coin for investing or not. Binance telegram exchange market discussion there are very worth because many people recommended with new coin listing every day, but keep make your research to know about good or not about some coin project.
I learned a lot about trading since I started to invest in crypto currencies. Before going into cryptos I had a little experience with trading stocks and futures, but nothing compared to the fast moving crypto markets. There are some rules I learned over the years being involved with: First, don't put all your money into one projects, it is better to spread your the funds across multiple projects to reduce overall risk. Second, even after spending tons of hours reading and researching about a new project and the market conditions, we can never know everything, it helps to prepare for some uncertainty. And third, take a break after losing money. It is very hard to consistently avoid emotions and not to think about mistakes when we lost money. Usually when having a bad trade we try to recover that money, what in many cases leads to even more loses. When focusing on losses we forget about risk and get tunnel vision.
Trading is not just to earn but also to learn. If you have learned about markets and traded them for over two years, I believe you have a lot of experience and you have learned a lot about it. Trading can be a deceiving profession because you can earn a lot through this and it could change your living but don't forget the fact that if you do not spend the time to learn, you’ll just waste a lot of time and money.
Sometimes newbie in trading have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.
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.
Sometimes newbie in trading have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.
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.
The lessons that I’ve learned the most about cryptocurrency trading is all about risk management, decision making and testing our emotions whether if we missed out the pump or experiencing a negative portfolio. There is no perfect strategy in cryptocurrency trading. No promises or guarantees whatsoever.
The so-called “experts” and “gurus” out there can just simply guide you in some scenarios if that specific coin or token goes up or down. But either way, there are no astronomical guaranteed returns and their analysis and predictions aren’t accurate at all. And also, stay away from those paid “signals”.
The lesson I learned was to be more patient.
Waiting for good buy/sell opportunities was tough and i think I learned to trust my own strategies and not change my stop loss every time
Waiting for good buy/sell opportunities was tough and i think I learned to trust my own strategies and not change my stop loss every time
~snip~
Pro traders are familiar with all situations that occur in the market, they are familiar with crypto trading very well.
So even experiencing losses,
pro traders can control their emotions and will not rush to make decisions. The conclusion is that for people who are experienced in the trading world
like a pro trader, the opportunity to be more successful is very large. because they have learned how to generate maximum profit.
Yes and that's where everyone is going. The newbies that are determined of what they're doing and can see themselves far in trading, they'll be the same as the pros today. pro traders can control their emotions and will not rush to make decisions. The conclusion is that for people who are experienced in the trading world
like a pro trader, the opportunity to be more successful is very large. because they have learned how to generate maximum profit.
They might come to many obstacles but if they don't give up, it's going to be a plus to them when they continue until they've experienced almost every downfall.
No one can skip losing.
Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.
That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.
Yes, it is true, no one has loss as much as 0%. Pro traders who have years of experience have also experienced losses, but they have been able to control money management in their trading.Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.
That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.
They can do anything based on their capability to avoid getting huge loss. The matter to them is that they have to do whatever they can to minimize the losses.
Inexperienced ones, can't accept that they've already lost so they try to recover it as much as they can. That's the difference of them between, inexperienced and experienced.
Pro traders are familiar with all situations that occur in the market, they are familiar with crypto trading very well. So even experiencing losses,
pro traders can control their emotions and will not rush to make decisions. The conclusion is that for people who are experienced in the trading world
like a pro trader, the opportunity to be more successful is very large. because they have learned how to generate maximum profit.
No one can skip losing.
Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.
That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.
Yes, it is true, no one has loss as much as 0%. Pro traders who have years of experience have also experienced losses, but they have been able to control money management in their trading.Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.
That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.
They can do anything based on their capability to avoid getting huge loss. The matter to them is that they have to do whatever they can to minimize the losses.
Inexperienced ones, can't accept that they've already lost so they try to recover it as much as they can. That's the difference of them between, inexperienced and experienced.
No one can skip losing.
Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.
That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.
Yes, it is true, no one has loss as much as 0%. Pro traders who have years of experience have also experienced losses, but they have been able to control money management in their trading. Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.
That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.
One thing I notice in trading is that experience traders use to loss too. But their loss are small compared to inexperience traders. No matter how experience one is, the market will some times take everyone by surprise and introduce what is not known
No one can skip losing.Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.
That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.
I think no trader has always experienced winning with his trades. At some point, you will lose even if you do your job of studying the trend or coin, As we have no full grasp of what's gonna happen with the market, particularly for those coins that are pump and dump and you happen to invest on them. You will be screwed in no time. But the funny thing how I learn crypto trading, is because of those faucets before. I got my first earnings in crypto via faucets.
One thing I notice in trading is that experience traders use to loss too. But their loss are small compared to inexperience traders. No matter how experience one is, the market will some times take everyone by surprise and introduce what is not known
No one can skip losing.Just as you've said, the experienced traders can't avoid losing but they can minimize it based on what they've learned over the years of trading.
That's the advantage that they have and minimizing the potential loss. There's no one that can have a 0% of loss because in reality, we all are going to loss no matter how good you are in trading.
And I'd learn that trading needs more funds as learning trading is quite expensive. We may lose a lot of money before learning how to trade and if you just only have a small capital that surely runs out. But I don't recommend making a loan for the sake to have huge capital as that only brings more problems.
And the only way to survive from her and also to make more profit is to enhance our knowledge and skills, plus have more patience and last is to know how to control emotions.
And the only way to survive from her and also to make more profit is to enhance our knowledge and skills, plus have more patience and last is to know how to control emotions.
There's many circumstances that brought me here in trading which eventually made me a full time trader. My Skills was developed for several years, but still unpredictable trend will become more harder when you got different factors affect your decision making. That's why we need to focus in different aspects that would provide you several opportunities to catch up potential losses and wins.
Thank you that you have many years of experience in trading. One thing I notice in trading is that experience traders use to loss too. But their loss are small compared to inexperience traders. No matter how experience one is, the market will some times take everyone by surprise and introduce what is not known 
Trading is to earn money for that we need to have lot of knowledge which will come along with the experience. We can't say a fixed time frame for everyone because some can learn it quickly and some others maybe lot slower but keep continuing will end in a good result, one thing everyone should remember is " Learn from your mistakes".
When it comes to trading, a lot of people make mistakes and learn a lot from small mistakes.I also learned a lot from trading. In the case of trading, trading should never be done out of excessive greed. Moreover, in the case of trading, you have to follow a number of specific rules. The main purpose of trading is to buy you at a lower price and sell you at a higher price. 
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.
How are you doing then? Are you learning a lot by just watching your friend? You can ask him more some tips and techniques since he's like your mentor. Don't think about that you're doing it easy because you're just clicking it. What you need to learn is to adopt the market and get used to the changes that happens from time to time.
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