what successfull trading tips have worked with you so far ? - page 4.

BTCappu

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Quote from: Ridwan Fauzi on November 29, 2020, 10:39:57 AM

There is no trader who can be able to make profit in all their entry, there will be some strategy that goes failed and make them loss. Because all trading staretgy is not absolute, there will be many possiblity that can change the price action.

All entry? I think you meant to say strategy there. I agree that some methods will fail while some will work but you cannot judge a strategy purely based on the results that followed it because at times you will make bad strategies and still have profit. Consider a gambler might profit in short term doesn't mean gambling is the best strategy to make profit.

Quote from: Psynthax on November 29, 2020, 11:29:09 AM

It always work but the disadvantage is sometime we gonna regret that we can't max out our profit or buy the dip at the right moment but it's still profit Grin

That's right and regret is manageable but loss would always be in your mind and affects your portfolio directly so better to have regret for not maximizing profits rather than having regrets for waiting too long.

Renampun

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I remember a good sentence; 'control your mind so you can master your surroundings'...

Imagine if you just bought Bitcoin at a price of $ 10k then when the price fell 10% you panic and immediately sold your Bitcoin but 3 hours later the Bitcoin price rose 20%, on my illustration you have lost.

trading that sharpens our minds not to be afraid of loss and doubt, no matter how much your capital or how long you HODL your coins then when you panic, you will lose.

BTCappu

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There are many tips I can give but there are some basic things I have learned from trading so far which can help you.

1- Must use tools like stop-loss because you might get emotional when an asset you invested is going down but have to be strict and sell them at minimal loss.
2- read charts and take public advice but always take decisions of your own, use others for knowledge and comparison but decisions must not be influenced by others.
3- Never be too greedy while also avoid cashing out too early because crypto is meant to give highest rewards but also biggest losses at times.

Kong Hey Pakboy

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The best trading tip that has worked with me so far is that I should be realistic about profits because every strategy that I make in trading doesn't always work or profitable; that is why I should be contented if I only make 25% or 50% of my trades. And if I lose profit, I should be able to control my emotions and try to get back all of my losses when the price increases again.

drlukacs

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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

I often have the habit of trading Scalp style. I usually wait for the market to be sideways and use Bollinger Band and Doji candles to trade on the M5 and M15 frames, for me they have been very effective lately.
Win rate is around 70% and so I always use high leverage like x50 and x75 to trade, especially stop loss around 30 - 50 pips. This month I have x3 of my trading accounts based on the above strategy.

jostorres

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Quote from: nemey on November 29, 2020, 08:18:37 AM

One of the keys to success in trading is to be patient. remember that patience is key. You also need to be able to manage your emotions properly when you watch the market go up and down. This is very important so that you don't rush into making any decisions in trading.

For Bitcoin market it is true that patience is the key to success because the market goes down and you need nothing but patience. But if you are talking about altcoins market then really patience can be your enemy as well because you might hold some shit coins longer than required and suffer loss, I have seen times when I had good opportunity to sell the coins but I waited for more profit and lost a lot of money.

I would say for different kind of trading you can use different keywords for success and for altcoins trading the key to success definitely is the sharp nature to sell and buy them at the best possible price.

Hamphser

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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

Always have some fixed goals or plans and dont make any alterations and stick on what you do believe on.

Dont let yourself get too emotional on dealing with moving prices.Buy low sell high doesnt work all the time but you can always play with the price
and its movement and make profits on it.

Dont get in a fomo or fud and be wise on making decision from time to time.Losses cant be avoided but somewhat can be lessen.

Yamifoud

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I'm not a full-time trader but what strategy I usually use is to focus on a single coin and just keep calm. Emotion is harmful to us if we get affected by it. many say it was the common reason for our failure and they are right, this drives us to think badly and out from our goal, and even think about quitting. Aside from those things I've mentioned above, it gonna be best to properly observe the market movement, it is a big help to when we make a buy or sell.

CryptopreneurBrainboss

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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 ...

Buying the rumors and selling the news and when there's no rumor you buy the news but sell with in a timeframe that revolves around the news. Like if there was a news about a project launching her mainnet, you can buy into the project since the sentiment round the project would be positive and will result to hype/fomo then you sell prior to the day of the mainnet. This tip isn't perfect or the best but it does give result most times.

Quote from: nemey on November 29, 2020, 08:18:37 AM

One of the keys to success in trading is to be patient. remember that patience is key.

Personally I feel patience has a lot to do with investing then trading. I understand that some patience are needed but for me trading has more to do with smartness since that's exactly what you're trying to accomplished with your strategy (that's outsmarting the market).

Raflesia

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Quote from: Ridwan Fauzi on November 29, 2020, 10:39:57 AM

There is no trader who can be able to make profit in all their entry, there will be some strategy that goes failed and make them loss. Because all trading staretgy is not absolute, there will be many possiblity that can change the price action.

I'll be greatfull to make one entry and give me a profit rather than I make many entries in just one day but the result that I got is the same or even less than I make one entry. I mean, my strategy is alwasy making an entry that I believe I'll get a profit by the entry.

There is many strategies/tips in the trading field, you can't choose one by one by all trader here. You may need to learn some strategies first and match with your personality whether the strategy matches with your attitude or not. Because the worst thing that you did is following other people strategy and you haven't known all the thing of the strategy itself.

It is true what you say, we must be able to match the strategy with you because that is the most important thing, many traders with many of the strategies they provide, but we still have to know how we do sometimes we follow other people just being their tails while we don't being able to follow that is what needs to be avoided in our personalities, remember that the results of the analysis that we do in trading then we succeed with profits, you will realize that the importance of different strategies is and know that every trader has independent principles of what they do.

DoublerHunter

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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

^ Patience, it really works for me and I believe most of the traders too, for if an investor is always in a hurry he might find it difficult to live in trading especially in the crypto world, for the FOMO, or even FUD can easily vanquish him. The best tip that I can share is the same as with the others but I also tell this to most of my colleagues whose starting to invest and begins to trade "buy in the deep and sell at the peak" and patience is necessary for this because no one knows when will the deep comes to buy and for the peak to sell. Furthermore, there are a lot of trading tips that can be cited on this thread but it will still be your attitude that can make you a successful trader.

DevilSlayer

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Make sure that you should understand the price action, you cannot just trade without having any plan or without understanding how the price moves. My number tip is you should learn technical analysis wherein you should know how to read candlesticks because in that way we can have an idea on where the price will go. Trading is not a gambling because they have many differences and your win rate in trading depends on your skills and also in what way you fully understand a certain chart. My decisions are always base on charts so I keep reading the candlestick and also the chart for me to know what kind of strategy that I will use. You should not enter in a trade wherein you are confused or you do not have idea about what will happen to the price. Having conviction is really important and you can only get it if you know how to use technical analysis and also how to read and understand different time frames of the charts.

Psynthax

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Always conscious that you're trading to make profit but not to get too greedy of maxing out your profit which in turns make you lose instead.
Always set at how much you want to buy or sell so you gonna know when is the right time to sell because the whole market is uncertain.
It always work but the disadvantage is sometime we gonna regret that we can't max out our profit or buy the dip at the right moment but it's still profit Grin

Ridwan Fauzi

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There is no trader who can be able to make profit in all their entry, there will be some strategy that goes failed and make them loss. Because all trading staretgy is not absolute, there will be many possiblity that can change the price action.

I'll be greatfull to make one entry and give me a profit rather than I make many entries in just one day but the result that I got is the same or even less than I make one entry. I mean, my strategy is alwasy making an entry that I believe I'll get a profit by the entry.

There is many strategies/tips in the trading field, you can't choose one by one by all trader here. You may need to learn some strategies first and match with your personality whether the strategy matches with your attitude or not. Because the worst thing that you did is following other people strategy and you haven't known all the thing of the strategy itself.

noorman0

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[Nope]No hype delivers more than hope

Quote from: error08 on November 28, 2020, 06:46:33 PM

Simply buy low, sell high.
Depending on the price right now as bitcoin and altcoins have the potential to reach a higher price.
I bought several coins a few hours ago which I assess will follow the bitcoin path to reach ath in December.
Waiting for the correction and then buy back in the dip.

It does not require any technique, only need to recognize when the market is red and green then the lows and highs can be identified. That is general trading advice, you might as well say nothing. The trader is never aware of the next low and high price even though using reliable techniques.
If any trader used this advice, they would never sell it when the price continued to drop from your purchase price.

cryptoadviser

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Quote from: Reid on November 29, 2020, 09:11:37 AM

Don't force it.
Someone told me that years ago.

You are actually making errors when you are forcing to make an income which is true. For me.
It's almost the same as gambling.
When I am trying to make profits just for my own pride, I tend to lose more.
Here is the deal. No one is watching you. You don't need pride to overcome you.

Correct. With 5 years of trading and $250,000+ under client management, one thing I have always focused on, during profits as well as losses, is to do the right trades. If you know what is your accuracy percentage, things can not go wrong! Or they will rarely do.
Stick to your strategies if you know they work. And I am very sure this will work!

I see that in my Stock options trade as well as BTC trades. Even on days when I down a little or a lot more than what I had expected, I try to execute the right trades with the right quantity.
But what I love most is how I let all my accounts position properly even before everything started to move! That has given a lot of cushions to trade properly now.

Reid

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Don't force it.
Someone told me that years ago.

You are actually making errors when you are forcing to make an income which is true. For me.
It's almost the same as gambling.
When I am trying to make profits just for my own pride, I tend to lose more.
Here is the deal. No one is watching you. You don't need pride to overcome you.

cryptoadviser

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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

Breakout trades work best for me. I know BTC levels and close to 20 altcoins levels. Whenever there is a breakout, I trade that.
Things like head and shoulders, double bottom and so on work the best!

Works in every market.

I am a long time stock market trader as well, so works for me pretty damn well!

sarmrakib

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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?

I have used many trading strategy on my trading life .As i got the experience from my trading i wanna share it with and the community .You have to be patient first to get hold your nerve .You set a limit always where you wanna really sell your asset give up all the greediness cause it is the main reason of loosing on trading .However you need to have much amount when you get losses to put money for recovering .On the other hand you need to get all the update for which coin you wanna invest if any update news have or not .Which can make the market difference .I think if you follow those tips it could help you to make high your profit ratio .

nemey

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One of the keys to success in trading is to be patient. remember that patience is key. You also need to be able to manage your emotions properly when you watch the market go up and down. This is very important so that you don't rush into making any decisions in trading.

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