Topic: What type of trading is preferred for beginners who just started in the market (Read 159 times)
January 08, 2021, 03:50:27 PM
Beginners don't have to trade immediately. They can learn and be familiar with the market by just observing it or by becoming one of the holders. They only have to experience the volatility and how it's moving up and down very fast. With that experience, they'll manage to learn how to trade quickly with profits and how to avoid being greedy in this market. But just as today, many are starting to be greedy because it's unavoidable with what bitcoin is showing.
January 08, 2021, 03:39:43 PM
I think all tactics are equally risky, but I do agree intraday is the quickest way to lose. Even if you win at first, the greed and excitement tends to lead to chasing lost profits,,, emotions are very difficult to handle in any way, but when you trade with such short timeframes, it becomes highly problematic.
I think generally the most important thing beside knowledge is being cold blooded. Emotions are the biggest problem that people face in trading. It makes you look at it subjectively instead of how it really is. 
January 08, 2021, 03:41:41 AM
I think all tactics are equally risky, but I do agree intraday is the quickest way to lose. Even if you win at first, the greed and excitement tends to lead to chasing lost profits,,, emotions are very difficult to handle in any way, but when you trade with such short timeframes, it becomes highly problematic.
January 08, 2021, 01:16:05 AM
It is also more helpful to have a small position size here.
Even you will use some method for trading but your risk management is not fit or you have no at all, then it will be useless for sure.
Using also higher time frames is good for beginners, you don't need to watch all the time the chart, you can make more analyze on charts. Less volatility or some huge wicks for higher timeframes.
Even you will use some method for trading but your risk management is not fit or you have no at all, then it will be useless for sure.
Using also higher time frames is good for beginners, you don't need to watch all the time the chart, you can make more analyze on charts. Less volatility or some huge wicks for higher timeframes.
January 07, 2021, 11:46:28 PM
If you are beginners, I suggest you to try to buy when the price is in red and wait for a while until the price can change to green. You can do it for more often until you are familiar with the price and you can predict when the green candle will come. In the early time, you don't have to try to chase the profit because you are beginners, and as long as you can make a profit, no matter if that is a small amount, you can improve your skills, and you can have a chance to make a bigger profit. Your target is made yourself familiar with trading, so chasing the profit will not be necessary.
If you can do that for many times, you can try to increase your profit by selling at another high price and try it many times to see how good your chance to make a profit. This time, your target is how you can make more profit than before, but don't be greedy to chase the profit while you need to have control for yourself. If you can do that without a problem, you can continue to reach a bigger profit than before.
If you can do that for many times, you can try to increase your profit by selling at another high price and try it many times to see how good your chance to make a profit. This time, your target is how you can make more profit than before, but don't be greedy to chase the profit while you need to have control for yourself. If you can do that without a problem, you can continue to reach a bigger profit than before.
January 07, 2021, 11:07:15 PM
The most valuable asset is your money itself and the skills are how you invest them. I am no hardcore trader but I have understood one way of trading and that’s buy low and sell high. When you sell high you wait for the dip and buy more when it’s down. This way you increase your bitcoins. You repeat this many times. A very small experience of mine is most recent one. I got payment of 0.0075 btc. Gradually I sold this at 17k then at dip of 15k I bought with same money. I repeated this until most recent hike and turned this btc into 0.0171. 
If that’s not the trading then I’m not sure what is.
If that’s not the trading then I’m not sure what is.
legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
January 07, 2021, 10:30:33 PM
As a beginner, practicing swing trading is more advisable than day trading. With swing trading you'll be less under pressure as your trade can last days unlike day trading that has to do with lesser amount of time. The risk of getting sick as a result of constantly monitoring the market and been active trading isn't associated with swing trading compared to that of day trading..
Looking at both trading strategy, one might think, day trading is better than swing trading but it isn't. You can make a lot of money swing trading so is the risk of losing more too due to the longer hours (timeframe) required. Which is s why before adventuring into trading, you have to equipped yourself with the necessary skills and knowledge needed to outsmart the market.
The experience will come as you stay longer in the field. Greed is the worst enemies of a trader and been able to control that emotions just like others is vital, if you as a trader wants to succeed in this field.
Looking at both trading strategy, one might think, day trading is better than swing trading but it isn't. You can make a lot of money swing trading so is the risk of losing more too due to the longer hours (timeframe) required. Which is s why before adventuring into trading, you have to equipped yourself with the necessary skills and knowledge needed to outsmart the market.
The experience will come as you stay longer in the field. Greed is the worst enemies of a trader and been able to control that emotions just like others is vital, if you as a trader wants to succeed in this field.
January 07, 2021, 08:07:01 PM
Swing trading using the End of Day method on a daily chart is the easiest fastest method any new raw beginner swing trader can learn and make money with right away.
But in greed,people starts with intraday and maximum of them loose their money and blame that trading is simply a gambling game.
But in greed,people starts with intraday and maximum of them loose their money and blame that trading is simply a gambling game.
That's one of the worst enemy of a trader, being greedy specially if you are a beginner is really a recipe for a disaster. I'm not a full time trader, but initially I also lost money because I can't keep my emotions check. So someone advise me, stop-loss and then you should also understand or have an entry and exit plan.
Thus, if you have satisfied your exit plan, then obviously, go out and trade another day. No need to push your luck for more profit as you can't control the market that may result in a loss instead of positive gains specially if you are just starting up your trading journey.
January 07, 2021, 06:32:11 PM
If you can't control your greed then just stop trading. There a a lot of people that, if just had a little more control of their greed, would be making decent profits but now are dojng worse than those who just hold a fund or item.
If you wanted to "bet" bet your profits on the days you don't think the market will likely follow your trade. Then you're still making something or at least only losing 1/4 of your profits from the previous day (assuming 1 day of profitibility brings 4 of losses as a new trader). . .
If you can get any good at TA I'd suggest looking at the 5-15m chart once every 3-4 hours and predicting where you think the coin will go next after drawing lines on it - you only trade the most desirible of these though (ones where reward outweighs risk enough) and obviously only do it thrice at most a day
In some cases it's also not a bad idea to run with profits (haven't tried it on btc). I had a position open that offered a 12% target and 8% loss but I cut it off at 4% and sold because a 4% profit is still pretty decent for a few minutes...
If you wanted to "bet" bet your profits on the days you don't think the market will likely follow your trade. Then you're still making something or at least only losing 1/4 of your profits from the previous day (assuming 1 day of profitibility brings 4 of losses as a new trader). . .
If you can get any good at TA I'd suggest looking at the 5-15m chart once every 3-4 hours and predicting where you think the coin will go next after drawing lines on it - you only trade the most desirible of these though (ones where reward outweighs risk enough) and obviously only do it thrice at most a day
In some cases it's also not a bad idea to run with profits (haven't tried it on btc). I had a position open that offered a 12% target and 8% loss but I cut it off at 4% and sold because a 4% profit is still pretty decent for a few minutes...
January 07, 2021, 06:23:32 PM
Swing trading using the End of Day method on a daily chart is the easiest fastest method any new raw beginner swing trader can learn and make money with right away.
But in greed,people starts with intraday and maximum of them loose their money and blame that trading is simply a gambling game.
But in greed,people starts with intraday and maximum of them loose their money and blame that trading is simply a gambling game.
Jump to: