What would be your recommendations when trading crypto? - page 6.

Viyamore

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Quote from: Abiky on October 13, 2016, 04:58:51 PM

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.

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.

PsursV

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Quote from: romero121 on October 17, 2016, 03:48:37 AM

Quote from: Abiky on October 13, 2016, 04:58:51 PM

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.

Every trader is not successful in maximizing the profits, there too it needs luck as well we need to be in close observation over the price movement. More users without knowing much about trading bitcoin to other altcoins involves and ends in loss. So to avoid such scenarios one could get into the trading of bitcoin to fiat. After gaining some experience and profit can move to the other forms of bitcoin trading.

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.

Maesters1-

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Quote from: abugseuf on October 18, 2016, 01:14:30 PM

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.

abugseuf

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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.

ipanks

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first, you will need to take a look a market and see what coins have a middle and fast movements. after that, select one until four coins to choose and watch the order sell and order buy. don't forget to take a look in market depth to see the position. if there are a way for wide different the price and you are ok with that, then you can start to make order buy but i think don't put to high or all in when you buy for first time, make little buy to make sure the trend is really down.

SmartIphone

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Quote from: drnash85 on October 13, 2016, 06:07:50 PM

Quote from: SmartIphone on October 13, 2016, 05:59:23 PM

Quote from: Abiky on October 13, 2016, 04:58:51 PM

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.

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.

buy the rumor sell the news. buy red sell green.

This is the traditional quote that we should buy low and sell high but this does not work every time because we are not lukcy 100%
So before making such a decision we should make a deep research and estimate if it worth buying or not and the luck is another part.

Abiky

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Thanks everyone for your replies and advice. Everyday, I learn something new and even though I've lost sometimes, I have managed to learn from my mistakes and try different strategies. Until now, I have been sticking with buying a coin at a low price in one exchange, and then selling it at a higher price at another exchange. It not always works but when it does, I make a good amount of profit.

Quote from: Red-Apple on October 17, 2016, 10:25:10 AM

use google a lot and search for everything that you have a question about. and also try to read sites like investopedia that has good information on trading.

Thanks mate for your advice. I have found out that Investopedia is a great resource to learn more about investing, trading, and everything related to finance. I like the simulation feature of Investopedia where you can "virtually" trade stocks and practice more about trading and investing. Grin

rekinthis

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my advice would be to avoid every new crypto as much as possible, as sometimes they are scam, and sometimes they be dead after week so better to don't buy them

Red-Apple

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Quote from: Abiky on October 13, 2016, 04:58:51 PM

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.

if you are doing well, don't be so hard on yourself and instead just try to continue the same way and only find out where you have been going wrong and fix those.

Quote

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.

use google a lot and search for everything that you have a question about. and also try to read sites like investopedia that has good information on trading.

HeroCat

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Just choose crypto, which price will go up in short & medium term, for example EHT, Monero. Then check the market, and buy at low price and sale at higher price. The most important thing would be to choose right one crypto currencies - nowadays it is not so easy. Also check all crypto market trends via this link - https://coinmarketcap.com/ Wink

BitcoinPC

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Your experience tell you the secret of the trading, i am not believe on it, that you can learn from the other person's experience, If we tell you that do the trading in this way, So i don't think that you can earn from trading, because your own experience tell you the best secret of trading. So get a knowledge and start it just for a experience.

Pursuer

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Quote from: Abiky on October 13, 2016, 04:58:51 PM

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.

for resources to learn the general things about trading you can use any online source that is teaching trading in general, there is not much difference between trading bitcoin, altcoin and forex or even stocks market.

but as a suggestion I can say that you should always make your own trades and never listed to other random people on the forum especially those who are obviously only supporting a particular coin. you can see their history to find out how much shilling they have been doing.

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Quote from: Abiky on October 13, 2016, 04:58:51 PM

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.

Actually your trading experience is enough and you don't need any books or other resources to make you a much better person on trading world. Like you said you already doing trades in several years for now. Just continue and continue and continue but make sure you are learning out of that loss. Even professional traders today still suffers loss.

Since you already experienced losses, why not asked yourself sone questions. Why did I lose? What did I do? What shit I execute? What part I did gone wrong?

Learning from mistakes is a must because our built experience is nothing if we doesn't minimize the loss for a long run. It will take time of course.

romero121

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Quote from: Abiky on October 13, 2016, 04:58:51 PM

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.

Every trader is not successful in maximizing the profits, there too it needs luck as well we need to be in close observation over the price movement. More users without knowing much about trading bitcoin to other altcoins involves and ends in loss. So to avoid such scenarios one could get into the trading of bitcoin to fiat. After gaining some experience and profit can move to the other forms of bitcoin trading.

bitbunnny

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First of allw, keep cool head and don't get emotional on price volatility. Which means don't get panic decisions about buying or selling under the influence of the moment without clear thought. Also, always have some back up planw, enough funds to be in the game all the time and don't risk more then you can afford to lose. And pray to get some luck too.

boyptc

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Quote from: outatime1 on October 15, 2016, 09:58:45 PM

I have tried trading several altcoins and have found that some of the lesser known altcoins will just drop in value to almost nothing over time and I am left holding the bag. It may be best to stick with a few of the major coins when trading.

Well I don't recommend to buy all alt coins as some of them are just going to be dumped coins in the end. I recommend that every time you are going to buy alt coins, choose those alt coins that has been stable and proven to have a good developers and mileage for that coin. But the movement of that price would be slow.

outatime1

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I have tried trading several altcoins and have found that some of the lesser known altcoins will just drop in value to almost nothing over time and I am left holding the bag. It may be best to stick with a few of the major coins when trading.

mace15

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This is the same thing that happens in me when I trade an
altcoin. The problem is when I trade an altcoin is decision
making if I have to sell the coins already. Since bitcoin is
volatile price, i recommend to search the altcoins if it has a
good community, good volume. But for me Im in the safer
side if i have already gain profit im selling the coins already.

SANALIU

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my recomended only big community use coin
and big volume transaction, another bitcoin
my recomended trading alctoin is, monero, ethereum, litecoin dogecoin

PacePay

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My recommendation is that you have to rely only on those developers who will have their identity on their announcement and do not invest in altcoins for longer time as all of the altcoins are volatile.

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