What have been your crypto trading experience - page 5.

Inspiron14

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Quote from: nhaila on April 09, 2022, 06:43:14 PM

Quote from: Odusko on March 26, 2022, 08:06:08 PM

Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?

Actually my trading experiences nothing but I think it's my alternative job for supporting my childrens and family. When I can't support myself with my job salaries then I entered my trading life supporting my childrens and family.

you are really a great person, even though trading in crypto currency is not an easy thing,
can you share how you trade? what strategy do you use mate?, of course everyone wants to know,
see you can successfully support your family and make trading as an alternative job.

Silberman

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Quote from: DoublerHunter on April 09, 2022, 05:30:08 PM

Quote from: seleme on April 09, 2022, 05:16:50 PM

Managing risks is art on traditional finance markets, traders have to learn how to manage risks aka cutting losses and letting trends stay your friend. Giving up early can be deadly mistake since trends can go much longer than you expect, learning from mistakes teach you accepting wrong choices and join the strong side of the market. Otherwise, unnecessary risks will accelerate the process of getting REKT.

^ The most important in trading is that managing risk, without this you will always end up as a loser.
That is why we should have a stop-loss limit so that whatever happens, you know how to cut loss every time. Making a profit in trading is not just easy, you need to dig and dig research and have more experience before you will learn it. Because trading is not always a happy story, it should be there are more losses than your profit. A knowledgeable trader will always have an advantage.

Risk management ranks very low on the minds of most people when it comes to the skills they think they need to trade the markets, most people concentrate themselves on entry signals and exit signals trying to time the market perfectly in the process, however someone that is not as good at those two skills but that has a great strategy to manage their risk while they trade will have without a doubt an advantage over most traders, as when they happen to lose a trade their losses will be small while when they happen to make a profitable trade their profits will be higher, meaning that even if their ability to predict what the market will do was not above what they could get by just flipping a coin they would still make profits even then.

Farma

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Quote from: YOSHIE on April 06, 2022, 11:46:40 AM

Quote from: Odusko on March 26, 2022, 08:06:08 PM

What is the most valuable experience that has been a guide for your cryptocurrency trading?

I don't remember anymore my valuable experience in crypto trading, globally there must be, the point of which is profit.

On the one hand, sometimes I realize that trading should not be taken carelessly, the crypto you want to trade, need analysis, needs, developments, teams, types of crypto, supply and so on, really need to be considered, if you choose the wrong type of crypto you want to trade it can result in multiple losses.

The problem is, everyone has twists and turns as long as they trade crypto, maybe I haven't found anything valuable, who knows in the future.

so, the most valuable value in trading is that we learn to do analysis, development, learn about the team and others mentioned. I think that is a very important thing, because from that, we can apply it to almost any type of business to make a profit. I'm like that too. many experiences of losses, and other bad things that made me focus on analyzing and developing certain things for profit goals.

nhaila

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Quote from: Odusko on March 26, 2022, 08:06:08 PM

Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?

Actually my trading experiences nothing but I think it's my alternative job for supporting my childrens and family. When I can't support myself with my job salaries then I entered my trading life supporting my childrens and family.

seleme

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Quote from: DoublerHunter on April 09, 2022, 05:30:08 PM

Quote from: seleme on April 09, 2022, 05:16:50 PM

Managing risks is art on traditional finance markets, traders have to learn how to manage risks aka cutting losses and letting trends stay your friend. Giving up early can be deadly mistake since trends can go much longer than you expect, learning from mistakes teach you accepting wrong choices and join the strong side of the market. Otherwise, unnecessary risks will accelerate the process of getting REKT.

^ The most important in trading is that managing risk, without this you will always end up as a loser.
That is why we should have a stop-loss limit so that whatever happens, you know how to cut loss every time. Making a profit in trading is not just easy, you need to dig and dig research and have more experience before you will learn it. Because trading is not always a happy story, it should be there are more losses than your profit. A knowledgeable trader will always have an advantage.

Exactly, learning process take years and it is similar timeline for both financial markets. The more you learn about the algorithm of the market and you get an idea how each tick moves on charts. Technical and fundamental analysis methods help us to understand what price wanna tell us and how patterns will change shape of trends. Cutting losses is crucial, stop loss is there for reason that help us to renew position if something goes wrong.

DoublerHunter

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Quote from: seleme on April 09, 2022, 05:16:50 PM

Managing risks is art on traditional finance markets, traders have to learn how to manage risks aka cutting losses and letting trends stay your friend. Giving up early can be deadly mistake since trends can go much longer than you expect, learning from mistakes teach you accepting wrong choices and join the strong side of the market. Otherwise, unnecessary risks will accelerate the process of getting REKT.

^ The most important in trading is that managing risk, without this you will always end up as a loser.
That is why we should have a stop-loss limit so that whatever happens, you know how to cut loss every time. Making a profit in trading is not just easy, you need to dig and dig research and have more experience before you will learn it. Because trading is not always a happy story, it should be there are more losses than your profit. A knowledgeable trader will always have an advantage.

seleme

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Activity: 2772

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Duelbits.com

Managing risks is art on traditional finance markets, traders have to learn how to manage risks aka cutting losses and letting trends stay your friend. Giving up early can be deadly mistake since trends can go much longer than you expect, learning from mistakes teach you accepting wrong choices and join the strong side of the market. Otherwise, unnecessary risks will accelerate the process of getting REKT.

Emitdama

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Quote from: Odusko on March 26, 2022, 08:06:08 PM

Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?

Trading is a really huge activity. There is so many things to learn about cryptocurrency trading and I have been able to learn a lot of them by reading articles online and there are also others that I have been able to learn through experience. I would say that you should try to make use of tools that will help you to stay ahead of the game. There are so many tools out there that can be of help.

Take for example, I’ve been making use of the coinmarketcap.com portfolio tracker and it has been really helpful for me to be able to keep track of my portfolio easily. So I would also recommend it to other people.

||bit

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Trading expert had a huge amount of trading experience.When you had huge amount of trading experience,obviously you can earn more from it.Trading on strong crypto will give you huge amount of profits,then inverse on less potential coin.The less potential coin needs huge amount of the time and if it had huge traders based.Surely it’s no doubt to get a profit.

Rockstarguy

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Quote from: Odusko on March 26, 2022, 08:06:08 PM

Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?

My experience from cryptocurrency trading, I have always learn from my mistakes and I come to understand that it is not all trade that will yield profit. I try to learn from my losses that was caused be greediness. Trading experience have also taught me to be satisfied with every little profit I get from trading, lastly trading is all about patience.

wxa7115

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Quote from: rby on April 05, 2022, 08:52:52 AM

Quote from: maydna on April 05, 2022, 08:27:43 AM

Quote from: Strongkored on April 05, 2022, 02:01:35 AM

Quote from: Odusko on March 26, 2022, 08:06:08 PM

What is the most valuable experience that has been a guide for your cryptocurrency trading?

Accept every loss as well as any profit and do not regret every decision that has been taken, and return to take a new step without dwelling on past results.
Traders find it difficult to accept losses even though losses need to be experienced so they can be more careful and thorough in every decision they make

It takes time to accept every loss, and not all traders can accept it right away. If those who can accept losses can learn from their mistakes, they have the possibility to improve their abilities in the future because it allows them to analyze the mistakes they have made. It is hoped that by taking lessons from these mistakes, they can increase their knowledge in trading.
After that, they can be more observant in analyzing every movement in the market and can determine when to trade.

It is very difficult to accept losses. But in trading I willingly accept losses if some certain conditions are met by me before the losses occur.
For instance I have my tested and working strategy which has been working for me. But on a very bad day I apply the strategy, and also do all the necessary things but in the end I still lose, I will simply accept my loses and call it a bad day. That is the nature of the market. Win and lose is it, and only the strong survives the wave.

That is one of the biggest obstacles in the career of most traders and we just need to look at the forum to understand this is true, from time to time threads appear about how to trade the markets without losing any money and something like that does not exist.

This is why scammers can get advantage of those people as they promise to them to reveal them a trading system that either never losses or that losses incredibly rarely, like just 1% of the time, but such a supposed trading system is just like the martingale that gamblers use, and when they happen to lose then they lose all their capital as they were doubling their capital on each trade.

MinMan

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Quote from: YOSHIE on April 06, 2022, 11:46:40 AM

I don't remember anymore my valuable experience in crypto trading, globally there must be, the point of which is profit.

On the one hand, sometimes I realize that trading should not be taken carelessly, the crypto you want to trade, need analysis, needs, developments, teams, types of crypto, supply and so on, really need to be considered, if you choose the wrong type of crypto you want to trade it can result in multiple losses.

The problem is, everyone has twists and turns as long as they trade crypto, maybe I haven't found anything valuable, who knows in the future.

Every experience you get is valuable. There are things that you may never know but due to one experience that you have had, it will help you to learn about that and also be able to work and improve on your strategy and the way you trade in the market. So every single experience that we have, is always helpful.

Yes, the main focus is to make profit. Though that profit might not come often. But, if you're able to master the skills that you will need in trading, you see yourself doing really well and making good profit by the end of the month. And you never really get to master the skills very well except when you start having that experience.This is the reason why you would see a lot of people go for demo trading so that they will be able to gain experience of what it is really all about before they start trading for real.

Sterbens

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Quote from: Captain Corporate on April 07, 2022, 02:52:44 PM

Quote from: Silberman on April 07, 2022, 02:48:48 PM

One of the most basic but important skills for a trader is to learn how to minimize their losses and maximize their profits, basically most traders when they make a good trade instead of letting it run so it gives them more and more profits decide to close their position early because they are afraid the market could turn against them, and while this is a possibility it is better to let the trade take its natural course, as that is the way in which you can accumulate great profits when you happen to correctly predict the direction the market will take.

The simplest way that I have discovered this would be DCA, which means if the price goes down, I buy even more, and if it goes down some more, then I keep on buying even more and more.

If this keeps happening, all you need to do is stop being a trader. The price keeps going down and you keep buying, it means something is wrong with the way of trading. Leave the trade and learn again to be able to choose which coins have value resilience, rather than as if you are risking money but the portfolio keeps decreasing. Unless you have a pile of money that can go order after order as the coin keeps dropping, buy again buy more.

Captain Corporate

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Quote from: Silberman on April 07, 2022, 02:48:48 PM

One of the most basic but important skills for a trader is to learn how to minimize their losses and maximize their profits, basically most traders when they make a good trade instead of letting it run so it gives them more and more profits decide to close their position early because they are afraid the market could turn against them, and while this is a possibility it is better to let the trade take its natural course, as that is the way in which you can accumulate great profits when you happen to correctly predict the direction the market will take.

The simplest way that I have discovered this would be DCA, which means if the price goes down, I buy even more, and if it goes down some more, then I keep on buying even more and more. That's a risky thing if you picked a horrible coin, that means you are going to lose a lot more and will not recover, however, if it's not a horrible project and something trustworthy and goes a long way then you will be profiting quicker when it goes up even just a bit. I did this during 2018 and it helped me be in profit in 2019, let alone the big increase in 2020 and 2021, that was just icing on the cake when it happened. It's totally the least risky way, depending on which coin you do this with.

Silberman

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Quote from: jossiel on April 05, 2022, 06:45:06 PM

Quote from: Abbee on April 05, 2022, 11:28:08 AM

I remember I bought my Ethereum at an affordable rate and due to my ignorance and impatience I sold it a low price even though to me,the price was great since I made my profit.

You're not alone with that experience because many from here and outside the forum have done that.

Because of the confidence and rush that we've felt, we're quick into selling it because we've thought that it's about to go down. That's okay and typical and the important thing is that you've made money from it.

You have to re-do it if you want to continue and wait again until it goes down.

One of the most basic but important skills for a trader is to learn how to minimize their losses and maximize their profits, basically most traders when they make a good trade instead of letting it run so it gives them more and more profits decide to close their position early because they are afraid the market could turn against them, and while this is a possibility it is better to let the trade take its natural course, as that is the way in which you can accumulate great profits when you happen to correctly predict the direction the market will take.

ajochems

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When I was begin with the forum,I had started to inverse in bitcoin also.At the beginning,we don’t get huge or bulk some profit like now.It’s even 10-20$ ,we had made with bitcoin.But now we can earn 500$ in a day with the bitcoin.But for that you need to inverse a huge.When I begin trade,even my colleagues and College mate not accepted bitcoin as a mode of money transfer.

maydna

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Activity: 2912

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Quote from: rby on April 05, 2022, 08:52:52 AM

Quote from: maydna on April 05, 2022, 08:27:43 AM

Quote from: Strongkored on April 05, 2022, 02:01:35 AM

Quote from: Odusko on March 26, 2022, 08:06:08 PM

What is the most valuable experience that has been a guide for your cryptocurrency trading?

Accept every loss as well as any profit and do not regret every decision that has been taken, and return to take a new step without dwelling on past results.
Traders find it difficult to accept losses even though losses need to be experienced so they can be more careful and thorough in every decision they make

It takes time to accept every loss, and not all traders can accept it right away. If those who can accept losses can learn from their mistakes, they have the possibility to improve their abilities in the future because it allows them to analyze the mistakes they have made. It is hoped that by taking lessons from these mistakes, they can increase their knowledge in trading.
After that, they can be more observant in analyzing every movement in the market and can determine when to trade.

It is very difficult to accept losses. But in trading I willingly accept losses if some certain conditions are met by me before the losses occur.
For instance I have my tested and working strategy which has been working for me. But on a very bad day I apply the strategy, and also do all the necessary things but in the end I still lose, I will simply accept my loses and call it a bad day. That is the nature of the market. Win and lose is it, and only the strong survives the wave.

Yes, it is not easy to accept losses, but we must continue to accept them and learn from our mistakes so that our analytical skills will improve. But keep in mind, all of this takes time and effort, and if you continue to really study hard, I'm sure it's only a matter of time. Even a master will lose a lot more than us, but they are still willing to learn from their mistakes.

YOSHIE

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Quote from: Odusko on March 26, 2022, 08:06:08 PM

What is the most valuable experience that has been a guide for your cryptocurrency trading?

I don't remember anymore my valuable experience in crypto trading, globally there must be, the point of which is profit.

On the one hand, sometimes I realize that trading should not be taken carelessly, the crypto you want to trade, need analysis, needs, developments, teams, types of crypto, supply and so on, really need to be considered, if you choose the wrong type of crypto you want to trade it can result in multiple losses.

The problem is, everyone has twists and turns as long as they trade crypto, maybe I haven't found anything valuable, who knows in the future.

Benefactor

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Activity: 1260

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I consider most the banner here has a similar story. Gaining from the slip-ups or examples of the other. Might be you ought to follow something similar and could get feel for something similar. Anyway there is demo exchanging for learning and I utilize that occasionally when the market is confounding and when misfortunes come.

jossiel

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Activity: 2842

Merit: 625

Quote from: Abbee on April 05, 2022, 11:28:08 AM

I remember I bought my Ethereum at an affordable rate and due to my ignorance and impatience I sold it a low price even though to me,the price was great since I made my profit.

You're not alone with that experience because many from here and outside the forum have done that.

Because of the confidence and rush that we've felt, we're quick into selling it because we've thought that it's about to go down. That's okay and typical and the important thing is that you've made money from it.

You have to re-do it if you want to continue and wait again until it goes down.

Topic: What have been your crypto trading experience - page 5. (Read 1022 times)