The most important lesson that I got now is to be able to learn how to survive in a trade, especially maintaining existing altcoins and not being tempted by the offer of giveaway from certain parties, I can also regulate how we invest long-term and short-term in cryptocurrency
For me, the lesson i learned is never attached your own emotions into trading. Trading needs more knowledge and technical analysis and involvement of emotions can be a destruction on the success of your trading. And having a long patience will be very helpful too by not jumping into a negative conclusion that will surely cause losses in the end. 
Topic: What is the most important lesson you have learned in trading. (Read 1138 times)
August 07, 2019, 05:48:27 PM
That you should use all the possible tools to increase your efficiency. Let me share my story.
It was a year and a half ago. I was a pretty experienced trader already and used to make deal at nights. That was pretty convenient and, you know, meditative. But one night changed it all. I felt a bit sleepy and weren't as cautious as usual but still decided to trade a bit. Started with my beloved BTC/USDT and managed some alts simultaneously. At one moment, I found that didn't close two drowning positions... I ended the night with $50,000 loss. Devastating feeling. The problem was that I didn't put correct orders when I had to, manually. There weren't Stop Losses at the exchange.
After that night, I conceived and developed my beloved tool for automated crypto trading - Superorder. It delivers a lot of orders that traders can use at connected exchanges without leaving the main screen. Hope, with this platform and my story, more people will avoid painful losses. Good luck!
It was a year and a half ago. I was a pretty experienced trader already and used to make deal at nights. That was pretty convenient and, you know, meditative. But one night changed it all. I felt a bit sleepy and weren't as cautious as usual but still decided to trade a bit. Started with my beloved BTC/USDT and managed some alts simultaneously. At one moment, I found that didn't close two drowning positions... I ended the night with $50,000 loss. Devastating feeling. The problem was that I didn't put correct orders when I had to, manually. There weren't Stop Losses at the exchange.
After that night, I conceived and developed my beloved tool for automated crypto trading - Superorder. It delivers a lot of orders that traders can use at connected exchanges without leaving the main screen. Hope, with this platform and my story, more people will avoid painful losses. Good luck!
The most important lesson that I got now is to be able to learn how to survive in a trade, especially maintaining existing altcoins and not being tempted by the offer of giveaway from certain parties, I can also regulate how we invest long-term and short-term in cryptocurrency
The most important lesson has to do with staying calm in all situation, if you're in loss don't panick. If you do it'll result to you making wrong decisions and you'll definitely regret in near future. Also when you're in profit, stay calm too. Over excitement can also lead you to making wrong decisions. For example, been in profit and getting over excited can lead to you making greedy decisions like not wanting to sell at your initial cash out target but wanting to profit more and since the market is highly volatile, your profits can easily turn to losses in matter of minutes.
I agree, our psychology must remain stable, both at a loss or at a profit. so that we can still analyze healthily. of course the target has been set before the transaction, and after that we must obey analyze before anticlimax occurs
The most important lesson in trading that I got from trading No longer do things that make me a loss,As long as I run gradually by continuing to try to trade, little by little the benefits I get, certainly what I have learned so far is very important for me and the fortune as well
I have learned not to hold any coin for too long because it can turn worthless or a dump. Sekk off once you have the urge or need to. Crypto is an unpredictable business and I have got myself some losses trying to keep some coins that later became a scam.
If you are unsure and you already loses your trust in this kinds of strategy, working with short term trades can work but really risky since you haveto work with good knowledge and skills to find the right moving coins and start chasing some benefits around the market.
In my opinion, for a beginner, there is not the most important lesson worth paying attention to, since for a person who is just starting to learn trade, studying the whole subject is the most important lesson. A trader who already has experience may encounter a situation that will affect his future actions and this may become his really new and good lesson.
Putting in you money in the wrong coin or asset is the worst mistake you could make in investment decision and then trying to trade those coins for high amount which is not possible in any situation. So it is always suggested to research about the assets in question and the ones you think could give you some returns. Based on returns, BNB and Bitcoin are good. 
just as you have said, i have learnt not to lean or totally rely on people's prediction because most are not just accurate. i have also learnt patience. cos without patience one is liable to loose a lot and while one is patient one must also be smart enough to trade at most profitable time. finally i learnt that one may not have it rosy all the time, take the best opportunity while it last and consider future.
i have very little idea of trading am i must say that i have followed this pattern for long and i must say it is amazing. it works for me but i am still batting with the issue of FOMO. I fall victim for several times. buying in the bull market. A wrong step that i have failed to correct several time.
I was also a victim of FOMO in my first years but i never regret those times i had lose because it also taught me a lesson.Now i learned that it's best to trade from my own research and not just relying on what other people say or do.Loses are just normal and so we should never be discouraged when it happen to us. September 24, 2019, 12:33:47 PM
Some of the most important lessons i have learnt are
Done trade lower time frames as they are manipulated and misleading
Do not trade on news consider TA as first priority
use proper Risk Management
do not risk more than you can afford to loose
most importantly wait for the setup to come to you , do not jump into trades, make up your plan and then trade the plan.
Done trade lower time frames as they are manipulated and misleading
Do not trade on news consider TA as first priority
use proper Risk Management
do not risk more than you can afford to loose
most importantly wait for the setup to come to you , do not jump into trades, make up your plan and then trade the plan.
September 24, 2019, 09:44:01 AM
The most important thing that I learned from trading with cryptocurrencies is that it's important to always have a plan and know when it's time to walk away.
If you do not take into account daily trading, then only for long-term trading you need to have a certain strategy for all your assets. To do this, you can study the minimum and maximum prices and set coins for sale or purchase only within this framework. Someone may call this greed, but I believe that this is the goal that every trader should pursue. But the most important thing is not to succumb To provocations that very often occur on certain exchanges.
The most important lesson that I have learned is to not listen to announcement that a specific coin is going up or down. This are just to make way for whales or pump and dump groups to make profit and leaving you behind. Stick to your own plan and research.
To answer this straight forward, the most important lesson in trading is that, Don't Rush
I'm saying that because if you are rushing too much and you are putting much money at risk, it's not going to end well. Yes, of course, you had some couple of wins where you have traded well and gained high percentages. In life, there's no fairytale. You could really end up losing more than you hoped for. That's what happened to me and some of it is regret. I regret being greedy, I didn't stick to my rule of thumb when trading, being impatient with what's happening, etc.
I don't want to experience losses that I couldn't bear, it's better to control risk and the capital involved so that you wouldn't hurt much. As long as you know what you are doing, you could manage to continue it and possibly profit.
And this lead us to another important lesson which is to control your risk, many dream of overnight profits and becoming rich in a matter of weeks and months and that is not the way it works, they think that if they invest all their money in the right ico or ieo they will become rich, and they are right, but the chances of doing so are terribly low and when they fail they lose everything, instead if someone is really interested in making money with icos he should limit his risk and at most invest 1% of his capital, that way if you lose most of your capital is still safe. I'm saying that because if you are rushing too much and you are putting much money at risk, it's not going to end well. Yes, of course, you had some couple of wins where you have traded well and gained high percentages. In life, there's no fairytale. You could really end up losing more than you hoped for. That's what happened to me and some of it is regret. I regret being greedy, I didn't stick to my rule of thumb when trading, being impatient with what's happening, etc.
I don't want to experience losses that I couldn't bear, it's better to control risk and the capital involved so that you wouldn't hurt much. As long as you know what you are doing, you could manage to continue it and possibly profit.
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
The most important lesson has to do with staying calm in all situation, if you're in loss don't panick. If you do it'll result to you making wrong decisions and you'll definitely regret in near future. Also when you're in profit, stay calm too. Over excitement can also lead you to making wrong decisions. For example, been in profit and getting over excited can lead to you making greedy decisions like not wanting to sell at your initial cash out target but wanting to profit more and since the market is highly volatile, your profits can easily turn to losses in matter of minutes.
What I have learned is the most important thing that probably everybody should keep in mind while trading. We all have made mistakes in crypto trading and have learnt from it.
What I have learned is that the market always recovers sooner or later. This only goes with the popular potential coins and not for shitty scam coins with no scope of future.
I have seen people selling at lower prices than they bought and that is the biggest mistake they are doing. I as a long term holder have learnt that we should never sell our coins in a loss.
If the market has gone down and your coins are in a loss then just hold on to the coins patiently and it will recover sooner or later.
What I have learned is that the market always recovers sooner or later. This only goes with the popular potential coins and not for shitty scam coins with no scope of future.
I have seen people selling at lower prices than they bought and that is the biggest mistake they are doing. I as a long term holder have learnt that we should never sell our coins in a loss.
If the market has gone down and your coins are in a loss then just hold on to the coins patiently and it will recover sooner or later.
The most important lesson I have learned in terms of trading is tk wait the price increases but the opposite always happen in trading. And if you think it is higher price than the usual, trade all the tokens you have because later on, the price will not recover.
I have doubts before I trade my assets, I have a lot of what ifs so I end to nothing. From million money turns to stone and this is my saddest part of my life. My friend and relatives told me to sell all of my tokens because they won't believe on long term holding in crypto. If I believed them before and no trust issues maybe now, I became millionaire.
I have doubts before I trade my assets, I have a lot of what ifs so I end to nothing. From million money turns to stone and this is my saddest part of my life. My friend and relatives told me to sell all of my tokens because they won't believe on long term holding in crypto. If I believed them before and no trust issues maybe now, I became millionaire.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
i have very little idea of trading am i must say that i have followed this pattern for long and i must say it is amazing. it works for me but i am still batting with the issue of FOMO. I fall victim for several times. buying in the bull market. A wrong step that i have failed to correct several time.
I was also a victim of FOMO in my first years but i never regret those times i had lose because it also taught me a lesson.Now i learned that it's best to trade from my own research and not just relying on what other people say or do.Loses are just normal and so we should never be discouraged when it happen to us.I am sure that many of us have those experience because we don't have much experience and skills to determine the market. But if we can learn more about trading, I am sure that we can prevent that thing and we can analyze with good. The problem is when we cannot get something from what we learn, and we still make the same mistake, that will be bad for us to continue the trade. I am sure that all of us still learning about trading because we want to make more profit.
I have learned not to hold any coin for too long because it can turn worthless or a dump. Sekk off once you have the urge or need to. Crypto is an unpredictable business and I have got myself some losses trying to keep some coins that later became a scam.
Well, that's a lesson we should recognize in a market like this because so many people are abusing this holding for a long time like in the past, they always think this is a safe method for them but they don't know, whales and markets are constantly destroying such goals, the purpose for this process is to want shy people to leave the safe area, want this market to have a higher trading volume. After this lesson, it means that people need to upgrade every day before the market attacks them, should not be arrogant 
One thing I have learned is that if you're trading, always try to accept loss. If you lose a trade, don't try to fight much in trying to recover everything cause it might just lead you down the road of extra losses. So, it's best to just accept that you lost and wait for another and also try to do some research that might be of help the next day you trade.
I also do forex and stock market same as you, and I also do binary which is the same thing as forex and crypto. I don't really have to be stressing myself with doing research on forex because I make use of a platform that allows copy trading. So, I focus more on crypto and then copy experts on forex trading, placing trades as they place and making money when they are making money, and losing when they lose as well.
I also do forex and stock market same as you, and I also do binary which is the same thing as forex and crypto. I don't really have to be stressing myself with doing research on forex because I make use of a platform that allows copy trading. So, I focus more on crypto and then copy experts on forex trading, placing trades as they place and making money when they are making money, and losing when they lose as well.
i have very little idea of trading am i must say that i have followed this pattern for long and i must say it is amazing. it works for me but i am still batting with the issue of FOMO. I fall victim for several times. buying in the bull market. A wrong step that i have failed to correct several time.
I learnt only one thing that is do not delay the decision because if it was not good also when they were taking it very quickly it will not affect the trading but if we think and think only it will affecting our trading journey that's way to not delay and makes the decision very quickly it will not affect anything
In my opinion, for a beginner, there is not the most important lesson worth paying attention to, since for a person who is just starting to learn trade, studying the whole subject is the most important lesson. A trader who already has experience may encounter a situation that will affect his future actions and this may become his really new and good lesson.
Making mistakes in the crypto trading can be the best lesson to be learnt if the person who to take something out of the previous mistakes and do the next trade with better caution then the trader could be one of the most successful person. Depends on what kind of career ahead of the person doing trading decide what lessons need to be learnt if they are going to be trade in very long term then they need to pick the right kind and hold on to it not much of lessons needed. 
I have learned not to hold any coin for too long because it can turn worthless or a dump. Sekk off once you have the urge or need to. Crypto is an unpredictable business and I have got myself some losses trying to keep some coins that later became a scam.
In my opinion, for a beginner, there is not the most important lesson worth paying attention to, since for a person who is just starting to learn trade, studying the whole subject is the most important lesson. A trader who already has experience may encounter a situation that will affect his future actions and this may become his really new and good lesson.
What I got from crypto trading is about controlling my emotion when I see the price is up and down and not reach my target buy or sell, and that will make me confuse. But then, I learn more that I need to be patient for a while, don't attract to the current situations, always think and make the other way to solve the problem. I still learn until now because I don't think that there is a time for me to stop learning because I still want to improve myself to face the situations.
Lesson learnt is loosing my funds without securing my account with 2fa.
For me, the lesson I learned is that when people fomo too much about a project, run and don't invest with them.
I was wronged twice this time despite those projects at the bull run period.
Therefore, my experience is to do the opposite of the majority.
I was wronged twice this time despite those projects at the bull run period.
Therefore, my experience is to do the opposite of the majority.
If you joined in any ICO or IEO, once you get the payment (it should be the token) don't forget to sell it once their price reached $1, because nowadays it's very difficult for new token reached that price, so don't wait too long
I can't say that there are only a few because, to be honest, even though I am not still at that point, I knew things that I think I will never be able to learn if I did not encounter cryptocurrencies.
I guess the most important lesson I learned is to not be always looking at the part where I should earn. The reason we are investing or trading is because we want to earn, right? But this is cryptocurrencies and the risk is high so, I don't usually look at earning since I never know what will be the result of that trade, all I know is that I should do what I should do so if that trade of investment did well, I will earn, if not, at least I did not expect it will and I can continue trading and investing again and not lingering on that mistake that in my part, usually affects my next trades and investments.
I guess the most important lesson I learned is to not be always looking at the part where I should earn. The reason we are investing or trading is because we want to earn, right? But this is cryptocurrencies and the risk is high so, I don't usually look at earning since I never know what will be the result of that trade, all I know is that I should do what I should do so if that trade of investment did well, I will earn, if not, at least I did not expect it will and I can continue trading and investing again and not lingering on that mistake that in my part, usually affects my next trades and investments.
To answer this straight forward, the most important lesson in trading is that, Don't Rush
I'm saying that because if you are rushing too much and you are putting much money at risk, it's not going to end well. Yes, of course, you had some couple of wins where you have traded well and gained high percentages. In life, there's no fairytale. You could really end up losing more than you hoped for. That's what happened to me and some of it is regret. I regret being greedy, I didn't stick to my rule of thumb when trading, being impatient with what's happening, etc.
I don't want to experience losses that I couldn't bear, it's better to control risk and the capital involved so that you wouldn't hurt much. As long as you know what you are doing, you could manage to continue it and possibly profit.
I'm saying that because if you are rushing too much and you are putting much money at risk, it's not going to end well. Yes, of course, you had some couple of wins where you have traded well and gained high percentages. In life, there's no fairytale. You could really end up losing more than you hoped for. That's what happened to me and some of it is regret. I regret being greedy, I didn't stick to my rule of thumb when trading, being impatient with what's happening, etc.
I don't want to experience losses that I couldn't bear, it's better to control risk and the capital involved so that you wouldn't hurt much. As long as you know what you are doing, you could manage to continue it and possibly profit.
The lesson I learned in trading is to have a long patience.
Because not all the time you can take profit, you need to know the right timing on when to buy and sell.
But because I cant wait longer before, I tend to panic sell often especially after reading some bad news about crypto and this led me to more losses.
Once you develop a strategy that can beat the markets many people have the tendency to think that from now on making money in the markets will be easy but that is just when the real challenge appears, the next step is to stick to your system and to follow it no matter what happens and for that you need to have patience, you must remember that most traders lose by trading with their gut and to become a successful trader you need to go against it, which is something that requires a huge level of discipline that most people do not have. Because not all the time you can take profit, you need to know the right timing on when to buy and sell.
But because I cant wait longer before, I tend to panic sell often especially after reading some bad news about crypto and this led me to more losses.
What I found for myself in trading, you do not have to trust anyone and listen to anyone. Only your head and your observational and analytical skills count, nothing more. I rely only on myself, if I make mistakes, it is my own fault
If my self view is doubtful to consider the decision not to make a mistake, I often hear the views of others, but if the view can be beneficial and makes me confident, I can accept it naturally if it is true
What I've learned most in trading is to be not greedy when chasing for profits. You must set a target profit and don't wait for the speculated price. Also it taught me to control my emotion when the market is down or a hype is happening. And also diversify your investment to minimize the risk and reduce your losses.
Most important thing is be patient. If you aren't comfortable with market conditions at any point in time, just wait it out. You aren't forced to trade all the time, and you can certainly wait till a favorable setup appears to enter a trade, however long that takes.
Don't take too much advice from others or signals for that matter. I do look at the TA of other traders from time to time, but I mostly do my own TA nowadays. It's easy to just go and pay for signals, but there aren't any shortcuts in trading.
Don't take too much advice from others or signals for that matter. I do look at the TA of other traders from time to time, but I mostly do my own TA nowadays. It's easy to just go and pay for signals, but there aren't any shortcuts in trading.
Be patient is a difficult part to have, sometimes I myself cannot control to be patient. In fact, I often participate in FOMO when trading, even though I myself have done technical analysis. Honestly, someone who has experience in trading, actually does not escape mistakes. Mistakes for not being greedy, mistakes in being patient, so far I have been able to control but not completely. Well, as I said, it's very difficult, I'm also sure you sometimes do it.
The lesson I learned in trading is to have a long patience.
Because not all the time you can take profit, you need to know the right timing on when to buy and sell.
But because I cant wait longer before, I tend to panic sell often especially after reading some bad news about crypto and this led me to more losses.
Because not all the time you can take profit, you need to know the right timing on when to buy and sell.
But because I cant wait longer before, I tend to panic sell often especially after reading some bad news about crypto and this led me to more losses.
Don't trade with your emotions. If you will be lose by the emotions you are feeling then it could not be a profitable in your trades. Let us execute our trades using our set of plan and if it goes wrong, we should not blame ourselves. Because many people, even pro traders are losing money because of the market condition.
It is good to have a winning mentality, but we still have to know that in reality, there are times we will win and there are times that we will lose, and out of emotion, people want to quickly make up with their losses, but rather than applying emotion like you said, we should just simply earn how to always strategize, if we strategize and we still loose in our trade, we should always take that losses as an experience, and as an opportunity to improve in our skill.A time will comes that we will see that we have completely overcome our emotion, and then learn through our experiences that has made us a better trader. I believe that anyone can trade and be successful, provided that we apply the right approach to it, and we are committed to learn, then we can make it.
I learn a lot of lessons, never buy when price goes up, never try to recover fast after get a loss and the most important never panic when see something bad news, and always wait to see what happen and not take a fast decision which can be wrong.
Who would ever buy when the price goes high, except the trader does not even understand what trading means. For a normal investors that know not much about trading looks for deep to buy, so I don’t see why someone who is practicing trading fully should do that. The only people I see doing this are probably newbies, who still does not understand when the market is already at peak, and when the market will make a reversal.The aspect of never panic sell is one of the main thing too that I have learnt in trading, if we are trading the right coin like bitcoin and the price is going down against our trade, it is best to just leave the market and them keep waiting for the market to rebound, because once you panic sell, you have automatically lost the trade, and since there is chance for the market to revive unlike Forex no matter how low is, then there is no point to panic sell.
No, I don't think the traders' excitement makes the value of the coins go down. that is not a sign.
I think, the crypto market always moves on the chart and I have actually witnessed that.
I used to buy coins at very high prices and lost many times. So I learned that there are some very familiar charts and I saved it in notes.
And now, I seem to have predicted many times correctly even though the numbers are not certain.
Let's learn technical analysis, you will be able to predict the whale's strategy.
I think, the crypto market always moves on the chart and I have actually witnessed that.
I used to buy coins at very high prices and lost many times. So I learned that there are some very familiar charts and I saved it in notes.
And now, I seem to have predicted many times correctly even though the numbers are not certain.
Let's learn technical analysis, you will be able to predict the whale's strategy.
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
The most important l learn in trading is you have to be patiently. Monitor the price going up and down. Because that's the only way to get rich as an instant. But there's an effort to get your target because we live to earn money because only money can rule this earn. We cant move without money.
I learned that in crypto trading, there are also no guarantee that your strategies will always work. I had to re-study my style of trading or revise my old strategies to make it work in the future trades. The plan you are created years ago might not work in the next few years not all market conditions are the same.
The most important thing I learned in digital currency trading is patience, patience is very much needed in trading so we are not wrong in making decisions when trading, then with this we know when to sell and when to buy and when prices rise then we do not sales will panic
Patience is really an important lesson in the process of working with trading because of the lack of patience, we will choose the wrong time to participate in the game and the obvious result is that we will regret it. But in parallel and attached to the lesson of patience, the most profound thing that people should recognize in trading is that they should use the brain to solve all problems, say no to emotions, emotions dominate action, dismiss emotions before joining if we want to succeed
Stick to your plan, that is the lesson I learned in trading and till now I am still kicking my self for not sticking to my plan when NEO reached the price of $80 and not selling it. I bought it when its price is below $20 then it surged to $80+ then dropped and did not recover anymore after China fake news. Expensive way to learn.
I hope it doesn't offend anyone, especially the altcoin creators... but the lesson I learned was that I should never trade shitcoins and never use shady exchanges like yobit. I have sold my stuff in the past and bought shitcoins to trade on yobit, something that made me lose 100% of my investment, my time and my very optimistic spirit. It was a life lesson for me and I sincerely hope that people don't buy shitcoins, people shouldn't be too greedy and blind to the point of buying shitcoins to trade
Here is one of the shitcoins I had bought in the past: https://coinmarketcap.com/currencies/jewel/#charts " Jewel (JWL) "
Rank: 1966
[ANN][PRE-ICO] Jewel - The real diamonds
Here is one of the shitcoins I had bought in the past: https://coinmarketcap.com/currencies/jewel/#charts " Jewel (JWL) "
Rank: 1966
[ANN][PRE-ICO] Jewel - The real diamonds
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
As l monitor my sister before,she trade in crypto and its a very good idea to have income.As long as you know the strategy to buy and sell you can have a big profit that can also be multiply if the rokens have a high value. Volatility of prices makes traders a big profit.
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
If you are coming from forex and stock market trading, you have to be able to observe market patterns with the naked eye. It is hard to detect a trading pattern on the bull market but it becomes a really mess trading during a range trading. There is no need to be on the right side of the market in the crypto market but it is unacceptable in the stable markets(Forex, Stocks, CFD). Clicking to sell and buy buttons doesn't make a person trader. I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
Don't trade with your emotions. If you will be lose by the emotions you are feeling then it could not be a profitable in your trades. Let us execute our trades using our set of plan and if it goes wrong, we should not blame ourselves. Because many people, even pro traders are losing money because of the market condition. I learned that trading isn't made for me. I don't have the patient to hold coins longer then a few weeks. I also experienced that when i bought coins, it went down and after i sold some they went up. So after admitting I wasn't a good trader I just stopped it. Maybe I will try it next year. Maybe I got some more patient.
Trading is for everyone, and anyone that is committed to it would definitely make it, and when it comes to commitment, it means you must have enough sacrifice lots of your time and energy to out into its study and try as much as possible to gather enough strategies, you also need to do enough practice before you think of going into trade.Anyway, you have made the right decision to first stay off trading for now, and that is what a wise man will do, but if you plan to still come back, I will advise you don’t just stay away without developing more in it, I believe that you lack the strategy which is why you are losing your trade, you need to learn and practice more, and thank God that we have demo cryptocurrency trading platforms now that you can use.
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
Don't trade with your emotions. If you will be lose by the emotions you are feeling then it could not be a profitable in your trades. Let us execute our trades using our set of plan and if it goes wrong, we should not blame ourselves. Because many people, even pro traders are losing money because of the market condition.
The lesson that I've learnt in trading is always be a patient and avoid panicking . Must control your self when there's a scenario happen on the growth rate of your coin. Wherein always build a new strategy instead and don't ever give up because that's the only key to become successful trader. And lastly next time before putting money in some coin must ensure thar in the future it will give back a good return! Because that's the most important which just to avoid risky situation.
I think mine is staying calm, I have been in many storms of bitcoin, seen the 2014 period as well and now seen the 20k and down to 3k and back up to 10k so I know what the bitcoin world is about and how it could change the prices constantly and even during the times you feel you are doing fine it is actually preparing for a bad time for you.
Hence, right now the most important thing I learnt about bitcoin is staying calm, if during the storm I can stay calm and make clever decisions then instead of getting hurt by the unexpected things I could actually take advantage of those and make a profit. Two mouse is dropped into cream, one tries so hard to get out but drowns itself in it while trying hard to get out, the other waits for cheese to go cold and just climbs out of there.
Hence, right now the most important thing I learnt about bitcoin is staying calm, if during the storm I can stay calm and make clever decisions then instead of getting hurt by the unexpected things I could actually take advantage of those and make a profit. Two mouse is dropped into cream, one tries so hard to get out but drowns itself in it while trying hard to get out, the other waits for cheese to go cold and just climbs out of there.
Indeed, with such volatility, keep calm and believe that someday our recent losses, if we are in such a situation, will be covered or even we could get some profit from it. Patience is something that gradually becomes awareness after I start crypto trading. Btw, the parable with the mice is really interesting and very inspiring.
I think mine is staying calm, I have been in many storms of bitcoin, seen the 2014 period as well and now seen the 20k and down to 3k and back up to 10k so I know what the bitcoin world is about and how it could change the prices constantly and even during the times you feel you are doing fine it is actually preparing for a bad time for you.
Hence, right now the most important thing I learnt about bitcoin is staying calm, if during the storm I can stay calm and make clever decisions then instead of getting hurt by the unexpected things I could actually take advantage of those and make a profit. Two mouse is dropped into cream, one tries so hard to get out but drowns itself in it while trying hard to get out, the other waits for cheese to go cold and just climbs out of there.
Hence, right now the most important thing I learnt about bitcoin is staying calm, if during the storm I can stay calm and make clever decisions then instead of getting hurt by the unexpected things I could actually take advantage of those and make a profit. Two mouse is dropped into cream, one tries so hard to get out but drowns itself in it while trying hard to get out, the other waits for cheese to go cold and just climbs out of there.
Most important thing is be patient. If you aren't comfortable with market conditions at any point in time, just wait it out. You aren't forced to trade all the time, and you can certainly wait till a favorable setup appears to enter a trade, however long that takes.
Don't take too much advice from others or signals for that matter. I do look at the TA of other traders from time to time, but I mostly do my own TA nowadays. It's easy to just go and pay for signals, but there aren't any shortcuts in trading.
Don't take too much advice from others or signals for that matter. I do look at the TA of other traders from time to time, but I mostly do my own TA nowadays. It's easy to just go and pay for signals, but there aren't any shortcuts in trading.
Less influencers, less YouTube videos watched, less following of any kind, less news of any kind consumed, less indicators used, less signals by others, the better.
I'm not much of a trader but I do feel hurt whenever I set a sell order and at the end it rise above that price, same thing with buy orders and the emotion of me losing at times affects me at that time which leads to a negative impact in my next trade, although am trying to work against that but the lesson have learnt so far is not to allow emotions cloud my actions.
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the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month!
lol. This is true some of here will create multiple topics about bitcoin that will pump and yet it's crashing maybe they're big investors who owns multiple altcoins and encourage users to buy the bitcoins on the market because they're selling it and they technically know what will happened in the market.
Well the most important lesson I learned in trading is:
1. Don't follow the opinion of anyone unless you've done or you conduct your own research
2. Don't do trading if you're afraid of risk
3. Risk = Profit
I learn a lot of lessons, never buy when price goes up, never try to recover fast after get a loss and the most important never panic when see something bad news, and always wait to see what happen and not take a fast decision which can be wrong.
The most important lesson I had learned was that " Trust no one " depend on your own way or make your own,
remember experience is the best learning stage for us to become successful in trading. And being trader Timing, Patience,
and don't allow your emotions controls you.
remember experience is the best learning stage for us to become successful in trading. And being trader Timing, Patience,
and don't allow your emotions controls you.
The most important thing I learned in digital currency trading is patience, patience is very much needed in trading so we are not wrong in making decisions when trading, then with this we know when to sell and when to buy and when prices rise then we do not sales will panic
The most important thing I learned in digital currency trading is patience, patience is very much needed in trading so we are not wrong in making decisions when trading, then with this we know when to sell and when to buy and when prices rise then we do not sales will panic
Patience is really an important lesson in the process of working with trading because of the lack of patience, we will choose the wrong time to participate in the game and the obvious result is that we will regret it. But in parallel and attached to the lesson of patience, the most profound thing that people should recognize in trading is that they should use the brain to solve all problems, say no to emotions, emotions dominate action, dismiss emotions before joining if we want to succeed 
You have become a senior in the trading world, starting with forex and stocks. I think the lesson to be taken is discipline and emotional control. like in cryptocurrency too. without stable psychology, we are difficult to survive here
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Most important lesson for me has to do with always staying informed and been able to process the information gathered correctly, having the current information can make a dumb trader look smart. Patience has less to do with trading as investors are does who should development the patience attributed. The idea of holding shouldn't be the mindsets of a traders as even during the worst market, gains can still be made. A trader has to be smart and been smart can be associate with the level of information gathered and been able to process them.
I learned that trading isn't made for me. I don't have the patient to hold coins longer then a few weeks. I also experienced that when i bought coins, it went down and after i sold some they went up. So after admitting I wasn't a good trader I just stopped it. Maybe I will try it next year. Maybe I got some more patient.
Trading is for everyone, and anyone that is committed to it would definitely make it, and when it comes to commitment, it means you must have enough sacrifice lots of your time and energy to out into its study and try as much as possible to gather enough strategies, you also need to do enough practice before you think of going into trade.Anyway, you have made the right decision to first stay off trading for now, and that is what a wise man will do, but if you plan to still come back, I will advise you don’t just stay away without developing more in it, I believe that you lack the strategy which is why you are losing your trade, you need to learn and practice more, and thank God that we have demo cryptocurrency trading platforms now that you can use.
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
I've been reading a lot about crypto industry lately. I've become really interested in it because of my friends who are also crypto traders. I'm still the process of familiarizing and grasping the whole system and how it works. I'm glad there's a lot of learning materials available here on the internet. But my most favorite reading material is from Noah Coins. I'm genuinely enjoying their contents though I might share it with you https://noahcoin.org/blog
Good knowledge of Forex trading will really help in trading crypto currency as both are almost similar. Buy and hold for a long time is not some time advisable ( though all depends your point of entry) because there some stock and crypto currency you will hold for a longer period and it will become worthless or become less in value as compared to when you bought them.
I also trade forex, it is most times helpful if you are a forex trader before coming into cryptocurrency trading, it'll aid you to get acquainted in taking risks and understanding how to trade without emotionsLong time trading is good for the bitcoin, it cannot become worthless or lose much value to make it that, but hodling ico coins or alts for so long is not advisable if you ask me, it always has the potential to crash.
Good to know that you are also a Forex trader like my humble self, I must confess that the experience of Forex trading has really helped me in trading crypto currency all this while. The long time hold that I mentioned in my submission was about stock and cryptocurrency which I didn't single out Bitcoin but what I really meant was altcoins.
Good knowledge of Forex trading will really help in trading crypto currency as both are almost similar. Buy and hold for a long time is not some time advisable ( though all depends your point of entry) because there some stock and crypto currency you will hold for a longer period and it will become worthless or become less in value as compared to when you bought them.
I also trade forex, it is most times helpful if you are a forex trader before coming into cryptocurrency trading, it'll aid you to get acquainted in taking risks and understanding how to trade without emotionsLong time trading is good for the bitcoin, it cannot become worthless or lose much value to make it that, but hodling ico coins or alts for so long is not advisable if you ask me, it always has the potential to crash.
Good to know that you are also a Forex trader like my humble self, I must confess that the experience of Forex trading has really helped me in trading crypto currency all this while. The long time hold that I mentioned in my submission was about stock and crypto currency which I didn't single out Bitcoin but what I really meant was altcoins.
Good knowledge of Forex trading will really help in trading crypto currency as both are almost similar. Buy and hold for a long time is not some time advisable ( though all depends your point of entry) because there some stock and crypto currency you will hold for a longer period and it will become worthless or become less in value as compared to when you bought them.
I also trade forex, it is most times helpful if you are a forex trader before coming into cryptocurrency trading, it'll aid you to get acquainted in taking risks and understanding how to trade without emotionsLong time trading is good for the bitcoin, it cannot become worthless or lose much value to make it that, but hodling ico coins or alts for so long is not advisable if you ask me, it always has the potential to crash.
I have been in forex and stock market for more than 10 years
I've been in the stock market more or less since 1999 (never traded forex), and one major thing I've learned is that the more active trading I do, the more I lose. I'm just not that good at it, plus transaction fees eat away at profits. I've become a buy-and-hold investor in the stock market and in crypto as well.Good knowledge of Forex trading will really help in trading crypto currency as both are almost similar. Buy and hold for a long time is not some time advisable ( though all depends your point of entry) because there some stock and crypto currency you will hold for a longer period and it will become worthless or become less in value as compared to when you bought them.
I have been in forex and stock market for more than 10 years
I've been in the stock market more or less since 1999 (never traded forex), and one major thing I've learned is that the more active trading I do, the more I lose. I'm just not that good at it, plus transaction fees eat away at profits. I've become a buy-and-hold investor in the stock market and in crypto as well.Many people do keep a trading journal but I have never done that.
I've never done that either, and I'm not sure what a trading journal is supposed to accomplish. We're in the age where all your trades are compiled and at your fingertips in a heartbeat. I do see the benefits of keeping a journal in general, for thoughts about things and so forth (and I do this, but not to benefit myself in trading), but I'm not sure how it helps traders.From the little crypto trading I've done, I have learned that you have to be patient, even when the market swings in the opposite direction than where you want it to go. There were quite a few sell orders I could have had filled successfully if I'd just given it more time. For me, it's best to place an order and then kind of walk away from it for a while...but that's something I have a very hard time doing, which is why I don't trade all that much.
For me is your emotions must be stable most importantly when the market is down, i have known people who usually sell their alts once they see that is started to dump, you know coping up and understanding more the flexes of trading wouldn't hurt if we'll do it. And of course don't forget this old saying "invest what you afford to lose"
I've learned so many things in trading, when most of the traders goes on that "hype", I go to tje opposite direction. And, I only trust my TA. Whenever I follow someone's prediction, it goes to the other side. Time and experience makes me a better trader, I've learned how to ise technical analysis and rely on my own indicators. So far, I trade smoothly until now.
That's a great strategy, see the news to do the next action what I have learned in years of trading is to have a stop limit, the volatility price sometimes could be really wild and unpredictable, so whenever something looked bad and it reach the limit then it's time to make a move, you need to be alert when you trade crypto
I know it is very good to share ideas with people and I love sharing knowledge, but the reason why I usually dint share this particular strategy in a public forum like this is becomes of whales, there has always been burning desires that want to prompt to tell people to do this from time to time, and if people decided to follow this strategy and see that it is really working, they will surely broadcast it, and you know that this might be what the whales are using to manipulate the market.
So the moment they see that their secret has already been exposed, they will change their strategy without you knowing, and in the end, the moment you tend to rely on the strategy is when it fails you, and there might lots of big financial commitment during that time. So I just secretly go to people’s profile and message them privately with this strategy.
So the moment they see that their secret has already been exposed, they will change their strategy without you knowing, and in the end, the moment you tend to rely on the strategy is when it fails you, and there might lots of big financial commitment during that time. So I just secretly go to people’s profile and message them privately with this strategy.
It's true, I have a friend who plays on the forex market, it's really terrible. When we incorrectly set prices, we will lose the funds. Trading that is still fairly safe is in cryptocurrency, because we can hold back when prices go down, and many predictions are correct. Since I got to know cryptocurrency, with a capital of $ 1000 I was able to get $ 5000 in a period of 6 months.
The best tool to trade is to always put the STOP LOSS for me and the first one gives the main and the most important so you can operate and trade with all the serenity
A stop loss is an important part of trading, but what I have noticed is that a lot people use very tight stops, and this is what market makers are happily exploiting by initiating large up/down wicks that trigger your position.My stops allow the price to wick up/down by 15% and not take me out, while those who place their stops at 1-2% are so easy to take out. On an exchange as BitMEX you're pretty much a deer in the headlights.
I learned this the hard way because I thought I couldn't lose by playing it 'safe', but the market taught me that I was wrong and I paid the price for it. Make sure you don't make the same mistake because stops CAN work against you.
What i've learned from cryptocurrency trading :
- Patience. With my background in forex, i have to be patient especially about entry positions. Why patience? IMO, coz in forex, you can get profit from buy & sell activities (2 ways opportunities). Meanwhile in crypto, you only have profit when price moves up (1 way opportunities)
- Knowledge. Technology about blockchain, technical specifications and lot' of other things.
- Informations. Projects that have indication to be a scam, useless projects and kind like that.
Yeap, that's what i've learned from cryptocurrency trading.
so far, I have learned that we must be calm, and not easily panic. besides, we need to take the right assets with the right information. so many specific things that need to be noticed before we step. Trading takes me into a more careful world in making decisions.
The most painful and most financially damaging lesson I have learned in my past 6 years of crypto-currency trading has certainly been patience. Even though I missed some opportunities due to the fact that I entered this sector in my high school years, I pushed some opportunities with the opposite of my hand because of my impatience. Because of my impatience, I traded many times at a loss, I was happy with the low profit margin, sold all my balance, and invested in various options that I thought reached the bottom because of my hasty behavior. Based on my experience today, if I had been trading at that time, I would never have been impatient or impatient and would never sell at a loss. I would like to make the following recommendations based on the interpretations provided by the six-year crypto-currency trading council.
- Do not log into this sector with debt money. Evaluate your unused savings here.
- Never hurry. Opportunity prices you think may actually be the peak of the coming days.
- Stop trading when you panic. All panic actions will only harm you.
- Don't invest all your money in one option like all-in.
- Do not log into this sector with debt money. Evaluate your unused savings here.
- Never hurry. Opportunity prices you think may actually be the peak of the coming days.
- Stop trading when you panic. All panic actions will only harm you.
- Don't invest all your money in one option like all-in.
What I've found an important lesson in trading is patience and being able to withstand emotions.
Yeah we should to have both of these elements so that our trades are not stiff and able to bring the profit as we want.
Yeah we should to have both of these elements so that our trades are not stiff and able to bring the profit as we want.
I leason a lot from trading :
- Dont be a gready person, to chasing a lot profit. Make sure you set the target and dont move it again went the target already reach.
- Dont regreet went you sell the crypto, but the price still keep going. Better sell early than late sell.
the most important lesson i have learned in my trading experience was to not rely on instinct
In trading ,instinct gives you false hope and faith that will keep you holding on to your trade that will eventually might empty your wallet.
In trading ,instinct gives you false hope and faith that will keep you holding on to your trade that will eventually might empty your wallet.
The best tool to trade is to always put the STOP LOSS for me and the first one gives the main and the most important so you can operate and trade with all the serenity
I learned that trading isn't made for me. I don't have the patient to hold coins longer then a few weeks. I also experienced that when i bought coins, it went down and after i sold some they went up. So after admitting I wasn't a good trader I just stopped it. Maybe I will try it next year. Maybe I got some more patient.
Trading successfully, depend on your skills and how patients you have about trading. I have read this several time and people saying "that whenever their sell the market do going up and when their holding the market do go down"! The solution to that type of happening is to become patience when you have decided to hold. The reason why we do sell when bitcoin or any coins is going against our position is because the price most get down or up a little before taking a new direction. You most be ready to take risk and that risk is to help you maintain your stability before the market take a directions to your favour. 
The most important lesson for me is not to panic. You should always have a strategy and should never deviate from it. Or only as a last resort when it is expedient. Do not give the opportunity to panic to seize you. It's never gonna end good.
I learned that trading isn't made for me. I don't have the patient to hold coins longer then a few weeks. I also experienced that when i bought coins, it went down and after i sold some they went up. So after admitting I wasn't a good trader I just stopped it. Maybe I will try it next year. Maybe I got some more patient.
What significant lessons I realized with trading was, getting the great shot while a chance to sell at gainful cost is there. Try not to think about another conceivable ascent once your advantage built up an economical worth which will give you a potential advantage which that sum will give you enough assets to take great consideration of your needs.
2 important things:
- bag holding altcoins is never a good idea
- setting a fixed profit target in each trade and never deviating from that.
of course these two go hand in hand. which means in practice whenever i enter an altcoin, i enter those that are pumping and then i set a profit target for myself to cash out as soon as i hit that target and i always try to stick to it even if i saw the pump going on i still get out to secure my profit.
- bag holding altcoins is never a good idea
- setting a fixed profit target in each trade and never deviating from that.
of course these two go hand in hand. which means in practice whenever i enter an altcoin, i enter those that are pumping and then i set a profit target for myself to cash out as soon as i hit that target and i always try to stick to it even if i saw the pump going on i still get out to secure my profit.
Emotions. When I was a beginner, it's hard for me to check my emotions, resulting to almost 0 profit because I'm easily affected by the negative news. But as I mature, I learn how to play with it, and not be emotionally impacted that comes along the crypto sphere specially those FUD that people spread around this community. I also did learn some TA, though I'm not an expect but at least a beginner's level so that I will understand some TA jargon and understand what they really meant with the graphs around.
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
So meaning it's clearly from your thoughts bitcoin moving their price up and down because of speculative not because of volality fluctuations.
I think trasing is all abput knowledge and skill how to get earn focus and qulity to minimize the riak, yes that is truly correct bitcoin or crypto trading isvery risky if you trade wothout learning and lack of knowledge.
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
the most important thing which i have learned in a hard way is an old market wisdom..."the market can longer be irrational than you are stay solvent" totally true. the other thing is: don't get to greedy if you had a good run with the latest trades cool - enjoy it. hard to understand and follow that rule. mind and emotions are playing with you.. if you fell for it you have lost.
What I found for myself in trading, you do not have to trust anyone and listen to anyone. Only your head and your observational and analytical skills count, nothing more. I rely only on myself, if I make mistakes, it is my own fault
I agree, that all of our trading strategies will be depend in ourself because we are the only responsible for the gains and loss of our capital that's why it is important if we do our own research and do not rely in anyone before starting to trade so that we are ready for the possible failures that we may encounter and can be resolved by our own ideas because of being knowledgeable about trading cryptocurrency. as Warren Buffett says "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
It's funny that Warren did not use his own quote and buy Bitcoin in the last bear market.
The most important thing I've learned is not to allow your emotions to take over. When you get scared you can't sleep and keep thinking about the investment and if it will be up or down when you wake up and then when you sell you feel accomplished like you got rid of a burden. If you start feeling like this fight it and don't give in.
When it comes to emotion thing
-Dont try to be perfectionist
-Dont chase your trading loss
-Dont be greedy
-Always set-up and make analysis anytime with your entries and exits.
-Dont try to be perfectionist
-Dont chase your trading loss
-Dont be greedy
-Always set-up and make analysis anytime with your entries and exits.
the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
this is beautiful... just as you meant above, what I learned while I was in trading is controlling the issue. success or failure when trading is determined by your ability to manage emotions and the things that have the most influence affect the emotions of traders are outstanding issues, bad news and the good news. There are some lessons I've learned:
- Do not trust anyone, especially those who claim to be experts in the analysis.
- The more price collapses the more rising to the moon: BTC always rises so do not lose hope when the price collapses, buy more.
- Do not put all your coins in one platform: Platforms are not like banks No one guarantees your coins.
- Keep your private key in a safe place: It may not show investment advice but what is the point of investing if you can’t protect your currencies.
- Do not trust anyone, especially those who claim to be experts in the analysis.
- The more price collapses the more rising to the moon: BTC always rises so do not lose hope when the price collapses, buy more.
- Do not put all your coins in one platform: Platforms are not like banks No one guarantees your coins.
- Keep your private key in a safe place: It may not show investment advice but what is the point of investing if you can’t protect your currencies.
There are several rules that I have understood during the time I have been trading. Suppose, they will be good for all.
- Make Bitcoin the base of your portfolio.
Bitcoin is the first and largest cryptocurrency. It will always be the basis of a cryptocurrency market.
- Follow the ten largest cryptocurrencies
- Capture a portion of the profits and do not trade too much leaving some altcoins in your wallet.
What I found for myself in trading, you do not have to trust anyone and listen to anyone. Only your head and your observational and analytical skills count, nothing more. I rely only on myself, if I make mistakes, it is my own fault
as Warren Buffett says "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
and there's another saying with similar notion, "Buy on Fear, Sell on Greed"
so... when FUD starts, we should be getting ready to buy on panic sell
then when people becomes greedy (price spikes high), get ready to sell off
and there's another saying with similar notion, "Buy on Fear, Sell on Greed"
so... when FUD starts, we should be getting ready to buy on panic sell
then when people becomes greedy (price spikes high), get ready to sell off
One of my most important lessons is never to trust the centralized cryptocurrency exchanges nor invest what I can't afford to lose.
Your investment strategy mentioned in your post is actually a good strategy.
I think most people do forget that aspect when they get carried away by hype
Your investment strategy mentioned in your post is actually a good strategy.
I think most people do forget that aspect when they get carried away by hype
There are some lessons I've learned:
- Do not trust anyone, especially those who claim to be experts in the analysis.
- The more price collapses the more rising to the moon: BTC always rises so do not lose hope when the price collapses, buy more.
- Do not put all your coins in one platform: Platforms are not like banks No one guarantees your coins.
- Keep your private key in a safe place: It may not show investment advice but what is the point of investing if you can’t protect your currencies.
- Do not trust anyone, especially those who claim to be experts in the analysis.
- The more price collapses the more rising to the moon: BTC always rises so do not lose hope when the price collapses, buy more.
- Do not put all your coins in one platform: Platforms are not like banks No one guarantees your coins.
- Keep your private key in a safe place: It may not show investment advice but what is the point of investing if you can’t protect your currencies.
the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
In short, you re being a contrarian and you are doing the opposite of what the mass people or investors are doing. This is one lesson that I learned too in trading aside from being patient. Being a contrarian is good for mid to long term trading but not for short time I think. The market is going to be up and down forever so you can't make perfect profits so never regret about what you made and don't keep think about it,no matter its profit or loss just think about what to be done in future.
I agree, the market will be unpredictable forever so there will be a time that we cannot predict correctly but for me, it is better to just move on and use you losses as a motivator to study more about the market and create a better strategy that will reduce the risk of losing.
Forex and stock trading is a little bit different to crypto trading, I prefer crypto trading since on crypto so far there is no margin call and our "purchasing stuff" can be stored on our own wallet. So we really own the "stuff", in some cases almost similar with conventional stock but not a future stock.
The market is going to be up and down forever so you can't make perfect profits so never regret about what you made and don't keep think about it,no matter its profit or loss just think about what to be done in future.
the most important lesson I've learnt is to never trust those who tell me which altcoin is "hot" right now and also to never bag hold any altcoin for more than their pump can last. for most coins that I trade it is as short as a day since that is how long pumpers are going to pump that coin but it can go as big as a week mainly for bigger coins that don't get dumped that easily but get dumped all the same.
this shaped up my overall strategy. I accumulate bitcoin (long term investment) while short term trade altcoins to increase the number of bitcoins I own.
That is a great lesson you have learned! I have see this also in some of the ico I invested in. Some of them has the best rating in some of the rating sites and huge funds raised and on social media, we do have the promotion of them but at the end, if you invest in them you will find out that it does not worth to be invested in. There are many tokens that have lost over 97% of ico price and sometimes I do ask myself if people really put in funds into those projects or I was the only one that has been deceiving in. this shaped up my overall strategy. I accumulate bitcoin (long term investment) while short term trade altcoins to increase the number of bitcoins I own.
the most important lesson I've learnt is to never trust those who tell me which altcoin is "hot" right now and also to never bag hold any altcoin for more than their pump can last. for most coins that I trade it is as short as a day since that is how long pumpers are going to pump that coin but it can go as big as a week mainly for bigger coins that don't get dumped that easily but get dumped all the same.
this shaped up my overall strategy. I accumulate bitcoin (long term investment) while short term trade altcoins to increase the number of bitcoins I own.
this shaped up my overall strategy. I accumulate bitcoin (long term investment) while short term trade altcoins to increase the number of bitcoins I own.
when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles.
LOL I like this part.I think there was a video clip about this same kind of concept. When the main stream media is talking about bitcoin going high then we see it starts to deep and when they starts spreading negativity and ask people to see then we see it starts going up 🤪
I was kind of fucked up years ago to risk some of my bitcoins when bitcoins was at it's ATH. I have lost 95% of my investment. Since then I decided not to risk my bitcoins for anything. HODL!
I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity. the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.
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