What would be your recommendations when trading crypto? - page 7.

gandame

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Quote from: Abiky on October 13, 2016, 03:58:51 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.

I think try to search in altcoins announcement find a new coin that have ico and choose the coins invesr your money to that ico coins for you get high profit if ico finish and launch it to exchanger. Base in my research ico coins have a good one to invest your money or your bitcoin.

Abiky

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Quote from: SmartIphone on October 13, 2016, 04:59:23 PM

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.

Thanks for the advice. I was looking more into a book of trading for beginners (instead of secrets of trading) that would help me learn more about it. If there were a virtual exchange where I could trade virtual cryptocurrencies, then it would help a lot into practicing trading without spending any money (more like play money)

Quote from: iv4n on October 13, 2016, 05:41:43 PM

First is choosing good exchange site, then gathering money to get into trading with nice amount in your wallet. I think more money you plan to have, higher profit you can make.
And this was easy part, choosing right coin is difficult. Follow announcements here, new coins. Try to hang out with some developers, they know more then we do here. And on the end you will need luck, I don't know what else I can recommend you.

Thanks for your advice. I think that if I could find an opportunity to do arbitrage trading, then I could really profit too by taking advantage of a low price on exchange A, and then selling at a higher price in exchange B.

JeffBrad12

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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.

serjent05

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Quote from: wintermeasures on October 14, 2016, 03:23:19 AM

Quote from: Abiky on October 13, 2016, 03:58:51 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.

Bro I Suggest You that Before Buying Any Altcoin Firstly Research About It And Then Buy it Otherwise You Can Always Lose More Than You Invested.....
And Never Use Bots For Trading Because It is Illegal Activity In Every Trading Website.......

The problem with altcoin is that a possible things that you can earn the most profit are unresearchable. They will happen just before your eyes and then it's your instinct to decide. What I am saying is, some altcoin price are independent of research data and stats. This altcoin is purely manipulated by their devs or whales. And those that are not can only give you little profit even if you are into a very long run.

wintermeasures

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Quote from: Abiky on October 13, 2016, 03:58:51 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.

Bro I Suggest You that Before Buying Any Altcoin Firstly Research About It And Then Buy it Otherwise You Can Always Lose More Than You Invested.....
And Never Use Bots For Trading Because It is Illegal Activity In Every Trading Website.......

eternalgloom

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Aside from following the news surrounding Bitcoin and altcoins, it's also a good idea to analyse the market in question itself and look for long term trends for example.

If you want to do successful day-trading, you need a really volatile market.
There are a lot of tutorials available to learn how to day trade.

iv4n

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First is choosing good exchange site, then gathering money to get into trading with nice amount in your wallet. I think more money you plan to have, higher profit you can make.
And this was easy part, choosing right coin is difficult. Follow announcements here, new coins. Try to hang out with some developers, they know more then we do here. And on the end you will need luck, I don't know what else I can recommend you.

anama

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iam recomended trading altcoin
the first is the big communitu and the big volume transaction

and when iam trading everyda
when is good trade is trade poloniex if bad news about coin you can trade margin trading in short or margin sell
and is good news you can buy or you can margin trading in long or margin buy

drnash85

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Quote from: SmartIphone on October 13, 2016, 04:59:23 PM

Quote from: Abiky on October 13, 2016, 03:58:51 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.

SmartIphone

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Quote from: Abiky on October 13, 2016, 03:58:51 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.

drnash85

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Activity: 318

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Quote from: Abiky on October 13, 2016, 04:55:47 PM

Quote from: senyorito123 on October 13, 2016, 04:47:50 PM

I think the best for traders to be hold is their emotion since that is their no.1 enemy in trading since you might gonna do panic/sell or buy if certain wrong movements will flow and that can cost us badly and another one we shouldn't listen to the trolls since they are the one who wants to manipulate us to do some nasty decision on our trades if we believe them, so better recommendation is trade by yourself and trust your instinct.

Thanks for your reply and advice. Usually, when a negative news sparks around the media (like when Mike Hearn left out of Bitcoin) it is when prices start to decline and the perfect opportunity to dive in and buy some coins as the price will increase back up again when the panic is over. Also, situations where there is hype it is a good time to make profit by selling your coins when it gets pumped massively. I've done this and it has helped a lot. Now, I don't know if automatic traders (like CAT) would help you even more to maximize profits. Grin

Mike Hearn "Sigh"

Abiky

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Quote from: senyorito123 on October 13, 2016, 04:47:50 PM

I think the best for traders to be hold is their emotion since that is their no.1 enemy in trading since you might gonna do panic/sell or buy if certain wrong movements will flow and that can cost us badly and another one we shouldn't listen to the trolls since they are the one who wants to manipulate us to do some nasty decision on our trades if we believe them, so better recommendation is trade by yourself and trust your instinct.

Thanks for your reply and advice. Usually, when a negative news sparks around the media (like when Mike Hearn left out of Bitcoin) it is when prices start to decline and the perfect opportunity to dive in and buy some coins as the price will increase back up again when the panic is over. Also, situations where there is hype it is a good time to make profit by selling your coins when it gets pumped massively. I've done this and it has helped a lot. Now, I don't know if automatic traders (like CAT) would help you even more to maximize profits. Grin

senyorito123

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Quote from: Abiky on October 13, 2016, 03:58:51 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.

I think the best for traders to be hold is their emotion since that is their no.1 enemy in trading since you might gonna do panic/sell or buy if certain wrong movements will flow and that can cost us badly and another one we shouldn't listen to the trolls since they are the one who wants to manipulate us to do some nasty decision on our trades if we believe them, so better recommendation is trade by yourself and trust your instinct.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

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.

Topic: What would be your recommendations when trading crypto? - page 7. (Read 6588 times)