I think you have many experience on trading but you are lack of application that i think leads to lose .the # 1 enemy of a trader is emotions you must know how to control it in terms of when buying or selling . Buying with cheap altcoins make sure to spot the active community of that cheap coins (many cheap coins are scam) . Take an analysis but make sure you are ready for what will happen because your analysis will be nothing if manipulators came it then you should know how to follow and jland make a ride.
Yes, whenever you back a particular altcoin and invest in it, then have confidence in your decision, don't get upset or carried away by its price fluctuations, and at the same time don't get too greedy because most of the coins are pump and dump so better sell while pump.
Topic: What would be your recommendations when trading crypto? - page 5. (Read 6564 times)
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.
Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.
Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)
I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.
Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.
Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)
I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.
There is no book that tells you the secrets of trading, from my experience (which is not a lot but not small too) you learn more by doing.
Trade yourself (without bots) and analyze a lot the most traded coin on the exchange you plan to trade.
I think you have many experience on trading but you are lack of application that i think leads to lose .the # 1 enemy of a trader is emotions you must know how to control it in terms of when buying or selling . Buying with cheap altcoins make sure to spot the active community of that cheap coins (many cheap coins are scam) . Take an analysis but make sure you are ready for what will happen because your analysis will be nothing if manipulators came it then you should know how to follow and jland make a ride.
That is right. You should look at trading with a cold eye and shut emotions out. If you let down trend depress you or up trend get you too excited, you will not be making good decisions. That is why it is advised to trade money that you can afford to lose because if you have plans for that money, you will get too attached and emotions will ruin your decisions with it.
I think you have many experience on trading but you are lack of application that i think leads to lose .the # 1 enemy of a trader is emotions you must know how to control it in terms of when buying or selling . Buying with cheap altcoins make sure to spot the active community of that cheap coins (many cheap coins are scam) . Take an analysis but make sure you are ready for what will happen because your analysis will be nothing if manipulators came it then you should know how to follow and jland make a ride.
That is right. You should look at trading with a cold eye and shut emotions out. If you let down trend depress you or up trend get you too excited, you will not be making good decisions. That is why it is advised to trade money that you can afford to lose because if you have plans for that money, you will get too attached and emotions will ruin your decisions with it.
Trading should be done with patience and no space for emotions. No panic selling.You must know the market value, founders of the Altcoin you are trading.That will help you a lot in taking better decision.
Yes and one more thing we cannot ignore is that we should invest only that amount in trading that we can afford to loose as there is no guarantee that each and every trade will go in our favor many times we can also be on loosing end.
Trading should be done with patience and no space for emotions. No panic selling.You must know the market value, founders of the Altcoin you are trading.That will help you a lot in taking better decision.
I will tell you that trading is a work of genius. especially when you trade altcoin. if you are careful then you will be able to get a tremendous advantage. you can make money is not unlimited. 
That's right and its all about having a knowledge and skills to learn the tricks of trading and making profits in quick time, and if you can successfully able to manage that then sky is the limit for your earnings.
Off course, knowledge and skills are basic things to start the trading, but i think it is not enough, Because now in this time, many good traders are here who spend a lot of time in trading and they have a knowledge and also experience but they all are making money but not enough amount which you can call that sky is the limit for your earning.
I will tell you that trading is a work of genius. especially when you trade altcoin. if you are careful then you will be able to get a tremendous advantage. you can make money is not unlimited.
That's right and its all about having a knowledge and skills to learn the tricks of trading and making profits in quick time, and if you can successfully able to manage that then sky is the limit for your earnings.
I will tell you that trading is a work of genius. especially when you trade altcoin. if you are careful then you will be able to get a tremendous advantage. you can make money is not unlimited.
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.
Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.
Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)
I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.
Holding altcoins can really make us lots profit in the future but sometimes that altcoins it takes time before it pump again and it will need investors to had big capital to start pumping and if you are going to hold bitcoin and cryptocurrencies make sure that you are making money while waiting. Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.
Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)
I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.
But at this time are the best moment for buying an alt with your amount, totally all of the alt kind are already got big waves from bitcoin and get a lot of dropped and I think just waiting for a few weeks the price will get a repair into the normal value or standard rate.
yes i also think so that it is the best time to invest in bitcoin and increase its number, but the most important thing is that up to what level, therefore i will like to say that you have time tell 800USD to buy bitcoin because its price is increasing tell that point.
I would recommend you to keep an eye on the market, then sell right when there's a pump. Don't hesitate. Don't even think that it'll increase more in the future. That's your chance to make some profit, take it. If the price of that coin increases even more, then it's still okay to you. At least you didn't lose any money, you even earned some. If the price of that coin decreases, then you've made the right decision and now it's time to decide if you're going to buy some of that coins again.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
i will only recomend you that if you are a new trader then you should only do trading with a little amount, as you need to get experience in trading and only then you can make good profit from trading.
yes i am also agree with you that trading with small amount is really good and less risky, you can get experience if you trading with little amount, and when you get some experience then you should go for trading with big amount.
I think you have many experience on trading but you are lack of application that i think leads to lose .the # 1 enemy of a trader is emotions you must know how to control it in terms of when buying or selling . Buying with cheap altcoins make sure to spot the active community of that cheap coins (many cheap coins are scam) . Take an analysis but make sure you are ready for what will happen because your analysis will be nothing if manipulators came it then you should know how to follow and jland make a ride.
My recommendation is that you only trade what you can afford to lose, choose an asset that is highly popular and you can see that on the volume, there are no specific asset that I have to say here because that depends on the trader itself on what caught up his interest.
not so bad for doing that for us in the learning process to gain experience. because the result is not too important. but when you already have a lot of experience was well worth doing trade with large amounts also to obtain greater profits.
Agree. As long as you invest and trade wisely you can minimize the risks of losing a huge amount of profits. I always like to do arbitrage trading, but it doesn't work all the time leaving my buy orders on the exchange for quite some time.
Now, I'm practicing trading stocks at the virtual simulator from Investopedia in order to use the same skills obtained in cryptocurrencies.
i will only recomend you that if you are a new trader then you should only do trading with a little amount, as you need to get experience in trading and only then you can make good profit from trading.
yes i am also agree with you that trading with small amount is really good and less risky, you can get experience if you trading with little amount, and when you get some experience then you should go for trading with big amount.
Treat crypto like you would treat your retirement account or 401k.
Yes that is the mkst basic buy low and sell high but it isn't just about you will buy low amount or cheap coins in the market make sure you have research the kind of altcoins you pick to invest know something about it ..its application ,uses and plans to be in the future .
You need to know more about .
Super cheap buying,
Newbies and Pro traders moves ,
Pump and dump scheme .
How to get along with these happenings.
No.1 is to handle your emotions it is the no.1 enemy of traders.
You need to know more about .
Super cheap buying,
Newbies and Pro traders moves ,
Pump and dump scheme .
How to get along with these happenings.
No.1 is to handle your emotions it is the no.1 enemy of traders.
Thanks for the advice, mate. It has been very helpful to me to know about this when doing trading, especially about the pump and dump schemes which most alt coins have. I'm looking to take advantage on altcoins which have a very low price but have good trading volume as well, in order to practice doing this with very little amount.
but you can get experience in crypto trading if you are exercising it therefore you should invest to trading with little amount so as to get experience in trading, and luck is also important factor for successive trading there is no doubt about this.
Great! Thanks for your reply. I usually practice trading with the amount of coins that I earn via a faucet, in which, no money was needed to invest into but it serves as a good method to practice trading. I think that it is all about studying the market movements and you will become successful doing it if done the right way.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
i will only recomend you that if you are a new trader then you should only do trading with a little amount, as you need to get experience in trading and only then you can make good profit from trading.
yes i am also agree with you that trading with small amount is really good and less risky, you can get experience if you trading with little amount, and when you get some experience then you should go for trading with big amount.Jump to: