what successfull trading tips have worked with you so far ? - page 2.

hulla

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Quote from: BuNga_cute on December 04, 2020, 08:34:22 AM

I think a good trading tip for making profit is to learn technical and fundamental analysis.

Technical and fundamental analysis is only used to make predictions of the possible momentum the market may pose.

Quote from: BuNga_cute on December 04, 2020, 08:34:22 AM

Because with us mastering technical and fundamental analysis, it will be easier to determine buying and selling prices.

It does not guarantee accurate results due to the volatility of the market and the factors that may influence the price of the market in seconds. If you are a follower of the reputable market analyzer who is professional in technical and fundamental analysis whenever they make predictions they will say is "never investment advise"

South Park

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Quote from: AbbyS on November 28, 2020, 01:07:13 PM

what trading tips that actually worked with you so far?
and by worked i meant that you are making profit rather than losing money ...
PS: buying a long time ago is not a trading tip

Probably the most important one is to always use a stop loss and respect that stop loss no matter what, whenever we make a trade we want to earn money, no one ever makes a trade with the intention of losing, but since we are not perfect then some of our trades will lose, however many prefer to keep holding their trade with the hope it turns around and that is when catastrophic losses can occur, it is better to accept defeat and wait until the next profitable trade appears than to risk losing a great deal of money over a bad trade.

adzino

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Sorry, if you think you can keep on making profit without any loss then you are wrong over here. There is no "tip" or strategy that can help you make profits forever. Sure, you might make some good profit, but it won't continue forever. Eventually you will make some losses. This is how it all works. If there are tricks to make profits without loss, why would someone even share it with you? And if it was really possible, there would have been tons of rich people.
I would suggest you to follow those strategies which other users posted to minimize your loss.

jostorres

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Quote from: ethereumhunter on December 09, 2020, 05:32:59 AM

I don't suggest many things, but I suggest you sell your coin whenever you see the price can increase by 10%-30% because if you still want to make a bigger profit, I am afraid that you will not have a big chance to do that. It is better to profit while waiting for more because we never know when the price will be back to that high price. If you can wait for a long time and don't mind seeing the volatility of the price, you can hold it until the price hit the highest price. But that will be a long time for you to wait for the price to start to increase.

I don't agree here because I am among those who sold some part of bitcoins around 12k expecting a correction to happen when it was pumped from 10 to 12k and now looking at the current price I feel like I should have been greedy and hold for longer period. Although I made profit but when the chance for profits arrive we must maximize them instead of looking to settle for minimal profits.

Crypto was built around heavy profits and losses and I am someone who believes that if you are looking for 10% profits then stock market is a better option and involves less risk. If you want to take chances then cryptocurrency is the perfect market and 1 out of 10 coins you invest will yield rewards so better maximize the profits.

Hamphser

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My best trades are going through small scale profits per day and depositing daily profits into stable USDT coins. so for me a small profit is not a problem as long as it can be consistently profitable every day

This is what people do aim for which do really talks about consistency and sustainability into this market because this do proves out that you are doing well into your trades and when you do able to make yourself sustain with this market fierce movement then you would really be considered on the good side.When it comes to tips then it isn't really that necessary because those things can be acquired as you move forward into your trading journey.You would gain and be aware into those things ahead.Just don't heavily rely on others sentiments but rather create on your own which is more worth even though it might result into some loss but at least you are
aware on where did you get go wrong.

BTCappu

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Quote from: Astvile on December 09, 2020, 01:05:45 AM

For me there are 2 main tips that I can give you. First is being discipline and having patience, trades are not always gonna be a win for you learn to control your emotions and have patience for each trades you do. Second is know when to stop loss and take profit. Always set a mark for stop loss to minimize losses and set a reasonable price mark to take your profits. Don't be greedy to aim for super high % profit.

That's right and not being greedy is as important as anything because the crypto market is so funny that today the same coin might make you millionaire while tomorrow it might drop and make a billionaire a beggar so cash your profits as soon as you see the opportunity.

I also think that while emotions, greed and panic sell are important factors but one must also learn the basics of trading because no matter how strong you are and how quickly you cash the profits without being greedy but all these things happen when you actually learn trading and understand how to read charts and what is technical and fundamental analysis for a coin.

ethereumhunter

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I don't suggest many things, but I suggest you sell your coin whenever you see the price can increase by 10%-30% because if you still want to make a bigger profit, I am afraid that you will not have a big chance to do that. It is better to profit while waiting for more because we never know when the price will be back to that high price. If you can wait for a long time and don't mind seeing the volatility of the price, you can hold it until the price hit the highest price. But that will be a long time for you to wait for the price to start to increase.

Astvile

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For me there are 2 main tips that I can give you. First is being discipline and having patience, trades are not always gonna be a win for you learn to control your emotions and have patience for each trades you do. Second is know when to stop loss and take profit. Always set a mark for stop loss to minimize losses and set a reasonable price mark to take your profits. Don't be greedy to aim for super high % profit.

bearexin

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Everyone shared their beautiful strategies, but I would like to also say that you should not pick one and go with that, you could literally read these pages which will surely be tens of pages in the end, and you could do multiple stuff with this knowledge.

First of all make a list of what people suggested, then try to find which are sounding similar with just different words, try to put them into same name and when you do that try to make a chart of what was suggested most and what was suggested least, if there are stuff that you can do together put them together as well.

This way you will have strategies that you could test out with a lot more compacted information and that way you could potentially make a profit from other peoples experiences in the trading world without spending too much money of your own testing out.

tbterryboy

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Do not forget to be calm and remove emotions out of trading. If you see something that looks to be promising and you act right away instantly, there is a 90% chance you are going to lose money from it. You have to spend days before you can invest into anything by just researching why you think it should be making profit.

There are tons of people online, people here who are strangers to you, people in telegram communities you befriended and people who will shill you their coins, there will be new coins promised to make you a lot of money every single day, and you have to just ignore them all and try to research what is best for you for days, sometimes spend weeks without making a single move. Only then you will know that you have found the real true good coin you should invest.

proTECH77

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Here are some successful trading tips have worked for me so far in the exchange market:
1• Observation
2• platform information
3• Buy when deflation occur
Those are the successful trading trips I have experienced so far in the exchange market, that is making some traders to call me professional trader. Many traders find it difficult to follow those trips that always make my trading successful in the market.

MCobian

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To succeed in trading, it depends on knowledge regarding the coins we want to buy, we must know everything about these coins.
In order to make sure the coins we are going to buy can make a profit, because don't trade with coins that we don't know. Always
start with small capital, so that the risks we face are also low. Another tip is always use the stop-loss feature every time you trade,
to protect the capital we have, so that it doesn't run out when the coins price suddenly dumps.

jaberwock

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I would say trailing stop would probably be helpful as well when you are someone new. Think of it this way, you bought something at 100 dollars, it reached to 105 dollars, you start to wait, if it reaches 100 you sell back, if it goes to 110 dollars you increase your bottom to 105, if it goes to 115 your bottom is now 110, if 120 your bottom 115 and continue like this forever until it starts to go down.

This way you will not sell too early, you will always sell when it is dropping and always keep it when it is going up and never miss a profit. Same for buying, if it is at 100, and drops to 95 wait for it to go to 90, if goes to 100 you buy, if it goes to 90 you wait, and if goes to 95 you buy but goes to 85 you wait basically same but reverse for buying.

CryptopreneurBrainboss

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Quote from: BuNga_cute on December 04, 2020, 08:34:22 AM

I think a good trading tip for making profit is to learn technical and fundamental analysis. Because with us mastering technical
and fundamental analysis, it will be easier to determine buying and selling prices. That way buying coins at low prices and selling
at high prices can be done

Don't get your hopes all up as that isn't usually the case most times, you can analyze the market as much as you can yet FOMO or FUD gets the better part of the market in the scenario where they influence which direction the market moves. You can read the chart and prediction the resistance getting broken any moment but a sudden negative news can move the market in the opposite direction and cause you losses.

That's why there's no constant result when trading is been discussed. You can have a strategy that gives similar result but you shouldn't hope on it to delivery everytime. Even the professional after all their chart analysis, still get some trades wrong. While learning technical and fundamental analysis is essence, it isn't a guarantee for success in trading.

CuriousGeorge

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Quote from: BuNga_cute on December 04, 2020, 08:34:22 AM

I think a good trading tip for making profit is to learn technical and fundamental analysis. Because with us mastering technical
and fundamental analysis, it will be easier to determine buying and selling prices. That way buying coins at low prices and selling
at high prices can be done, if we succeed in mastering technical and fundamental analysis.

Technical and fundamental analysis are important things but everyone should also learn about the decision making and as long as they are in the profit and they should have sold some of their portfilios to anticpate the bearish trend that can come anytime.
You must know what will be the bottom range that can be reached by coin to determine the best position to enter the market. This can't be done easily. People should never be greedy

Janation

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The tip that worked so far is about managing risk.

We all know how volatile Bitcoin is, the same with every other cryptocurrencies being traded, bought and sold. My friend told me to do some risk management instead of making low amount trades since that would be safer rather than putting my money in small amount investments.

doomloop

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Quote from: AbbyS on November 28, 2020, 01:07:13 PM

what trading tips that actually worked with you so far?
and by worked i meant that you are making profit rather than losing money ...
PS: buying a long time ago is not a trading tip

That depends on what you understand as tips man. Tips are not a ticket to a regular win, there are still going to be those same risks, tips are useful practical advice that one can apply in what they do to be successful. I am just pointing this out because of the example you gave, though you might be right because you can’t just tell someone to buy a long time ago or early, you tell them to buy at the right time.

It’s just like Bitcoin, anyone that missed it when it was new has missed it and there is nothing they can do about it than to wait for the right time and if they are day traders they analyse and know when to get in and out.

lixer

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I would say DCA DCA DCA, that has been the greatest tip I have ever received because it has worked for years without fail, it has never really resulted with any bad loss in my end ever. It is something you have to be patient with and it is something that shows unrealized loss time to time as well, but the more you do it, the more you realize with patience and DCA together you are going to earn a lot of money.

Obviously I am talking about it awesomely right now because bitcoin increased a lot, doing DCA during 2018 was a big challenge and it kept giving me worse and worse results the more price went down, but thanks to that I was capable of getting out a lot quicker than many people if I wanted to.

JooBra

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Quote from: noorman0 on December 04, 2020, 11:04:32 AM

Quote from: BuNga_cute on December 04, 2020, 08:34:22 AM

I think a good trading tip for making profit is to learn technical and fundamental analysis. Because with us mastering technical
and fundamental analysis, it will be easier to determine buying and selling prices. That way buying coins at low prices and selling
at high prices can be done, if we succeed in mastering technical and fundamental analysis.

Those are not tips, but what a trader needs. If you do not master (at least the basics) of trading analysis then you are not a trader, you are just a holder of the long and short term.

I will not give success tips, because I do not understand the standard traders can be said to be successful. But here are some risk-averse tips:
- Learn the coins you will be trading, both project background (if it's new crypto) and price history.
- Do not enter on a bullish day, unless you were holding it before the bullish happened, then you will start trading actively.
- Don't hesitate to use stop limits, even if your analytical skills are good.

I cant agree more with all you said. The first thing you need and what is a must is to learn about the projects in which you invest so you can know when the chart wont follow analysis. News about the project will affect the chart to not follow predictions.

ScamViruS

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Quote from: usekevin on December 04, 2020, 12:21:40 PM

Quote from: AbbyS on November 28, 2020, 01:07:13 PM

what trading tips that actually worked with you so far?
and by worked i meant that you are making profit rather than losing money ...
PS: buying a long time ago is not a trading tip

Buying at low price and selling at high is the basic trading concept.You need to wait for the pump and dump time.When the price increased, you need to hold for the maximum time.When the price started to reduce again, you need to start to hold and buy some more coin.Only sell when you comfortable with the price or else hold your coin.

The task is not as easy as you have discussed. If you want to trade in this way, you need to know in advance about the next move of the market, otherwise there is a possibility of seeing big losses. And to predict the next move in the market, you need to have a good knowledge of trading. Because you have to do market analysis and in some cases fundamental analysis also plays an important role in being a pump of a coin.

Through technical analysis, traders get an idea about the possible future trends of the market. It is not safe to trade in any coin without analysis. So it would be beneficial for a trader to gain more knowledge about trading without running after pump and dump.

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