Which is the most effective method for Coin Trading?

Flangler

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Quote from: noormcs5 on April 21, 2018, 02:41:31 AM

Quote from: Flangler on April 20, 2018, 04:44:20 PM

Quote from: noormcs5 on April 20, 2018, 03:59:10 PM

Holding coins is a trading, In trading we buy and sell and between them we do hold. I don't think just like you said that holding coins is same like trading. I think Holding coins is a trading, and it is most effective method for coin trading. Without it how could we do trade?

I must disagree most people 90% bought on the peaks, holding is a disaster for them, the only way to recover the losses is smart daily trading, but it is hard. To be successful trader you need to spend many hours on learning and beat your mind.

You can't disagree with 90% people, majority is always right. If you are disagree then you should say that you can't do it long term trading. If you think that day trading is better then also you say that it is hard, that's why majority people are not doing it. But it is our choice we choose that way where we feel ourself comfort and more profit, however it is day trading or long term holding.

Daily trading is better for those who are experts in daily trading, I do not think that long-term is better than short and vice-versa, everything depends on the situations. Do you realize that only 10 % make a profit from trading? This is why I believe that 90% is wrong. You can't argue with that as long as you are in the red, and most people are ( I do not know if u are it's just an example). Actually, long-term trading (hold) is also trading. In the end, hodling is good when you do not care what will happen with your funds, an invested the amount of money which u can afford to lose.

noormcs5

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Quote from: Flangler on April 20, 2018, 04:44:20 PM

Quote from: noormcs5 on April 20, 2018, 03:59:10 PM

Holding coins is a trading, In trading we buy and sell and between them we do hold. I don't think just like you said that holding coins is same like trading. I think Holding coins is a trading, and it is most effective method for coin trading. Without it how could we do trade?

I must disagree most people 90% bought on the peaks, holding is a disaster for them, the only way to recover the losses is smart daily trading, but it is hard. To be successful trader you need to spend many hours on learning and beat your mind.

You can't disagree with 90% people, majority is always right. If you are disagree then you should say that you can't do it long term trading. If you think that day trading is better then also you say that it is hard, that's why majority people are not doing it. But it is our choice we choose that way where we feel ourself comfort and more profit, however it is day trading or long term holding.

Slow death

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Quote from: Paul1991 on April 17, 2018, 03:25:25 AM

have some beer

No, No, No... never give this advice in africa, because you will be turning a good man into a beer addict, Africans easily look at beer as a haven to hide their frustration, their failures and thus become addicted to alcohol. When I lose money, I prefer to sleep to calm down and then I wake up and I take some time to think

Quote from: semobo on April 17, 2018, 03:55:37 AM

but many people are buying only when the price is high if they keep doing this they are going to lose their money.

Of course, they do not know when the price is high and when the price is low

SuperTA

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There are already some good tips here, mentioned by other users. I could add my strategy which i find quite less stressfull and it's a combination between holding and trading. It's called swing trading. One of the strategies is to trade between 2 moving average lines. (MA's cross). On the daily chart, you look for 20 day moving average and 50 day moving average lines. (MA 20 and MA 50)

When they cross bulish, it's time to enter a trade until you see it will cross bearish. The bulish MA cross happens when the MA 20 and MA 50 make a cross and MA 20 goes above the MA 50 line. The bearish MA cross happpens in the same way, just that the MA 50 line goes above MA 20 line. Usually you also need to consider other indicators as well. But this method helps.

swissgang

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Quote from: semobo on April 17, 2018, 03:55:37 AM

As you said holding can be considered as long term trading too and it is the most effective trading method because which can give us more money in short term trading.But what we have to do is buy low and sell high but many people are buying only when the price is high if they keep doing this they are going to lose their money.

Agree this is very good point, hodling is actually very long term trading. You buy today and sell it this day next year for the profit. So most effective method is hodling

kolinko

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No one trading method is right in all cases. It is important for you to be successful in using the right method in every market situation. Try to experience as much of this market as you can in order to gain experience for yourself and your own investment method, which will help you succeed in this market.

Flangler

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Quote from: noormcs5 on April 20, 2018, 03:59:10 PM

Holding coins is a trading, In trading we buy and sell and between them we do hold. I don't think just like you said that holding coins is same like trading. I think Holding coins is a trading, and it is most effective method for coin trading. Without it how could we do trade?

I must disagree most people 90% bought on the peaks, holding is a disaster for them, the only way to recover the losses is smart daily trading, but it is hard. To be successful trader you need to spend many hours on learning and beat your mind.

noormcs5

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Holding coins is a trading, In trading we buy and sell and between them we do hold. I don't think just like you said that holding coins is same like trading. I think Holding coins is a trading, and it is most effective method for coin trading. Without it how could we do trade?

Whosdaddy

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The most effective way is never to expect 100% profit and always leave room for errors; otherwise you will end up overworking yourself and getting too emotional before you even know it. We should always be ready to adapt quickly to any changes as they come and that is actually what makes a trader most of the time a good one.

As long as you are able to cut those small losses if you know what you are doing or a support is not holding, you will be able to prevent huge ones and have a better entry to get the best result at the end.

Maestro75

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Quote from: mobnepal on April 18, 2018, 06:01:11 AM

Quote from: mobnepal on April 17, 2018, 06:58:35 AM

Buy on hype and sell on news work in most of the coins. For verge also it might work tomorrow when they will announce their partners name, that news has already priced in so on actual news price will go on correction.... Grin

Quoting my own sentence here, my prediction goes right with verge thing today. Made huge profit out of it and most of the time this strategy works. Grin

So don't get fomo buy when something start to pump on hype, don't buy atleast at the day of news.

Good one mobnepal and congrats on your success. But really is there any difference between fomo and news? How do we get in to make profit before the dump? Can you provide a link to a telegram site for this, pls?

mobnepal

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Quote from: mobnepal on April 17, 2018, 06:58:35 AM

Buy on hype and sell on news work in most of the coins. For verge also it might work tomorrow when they will announce their partners name, that news has already priced in so on actual news price will go on correction.... Grin

Quoting my own sentence here, my prediction goes right with verge thing today. Made huge profit out of it and most of the time this strategy works. Grin

So don't get fomo buy when something start to pump on hype, don't buy atleast at the day of news.

harizen

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Quote from: Paul1991 on April 17, 2018, 03:25:25 AM

An effective trading method is which help you make more than losing. But things are not that easy due to constant changes in market, trend, and community.

In my case, trading is not the best option for making profits, holing coin is. Holing can be considered as trading too, in my opinion (You buy coin and wait for the price to increase then sell).

But If you surf the price waves every day, then don’t rush. Having control of emotions is the key. Don’t rush to trade again when losing or jump in the pool with a bunch of orders when winning. Again, control your emotions and don’t be greedy. When losing, just stop trading, listening to music, have some beer, hang out with your friends… do anything needed to wash down that negative feeling then get back to trading with a cold head. When winning the lottery, don’t rush to enter an order yet. Observe the market and think twice before making decisions. Social network, group chat or even friend’s comment can be a great advice at this time.

That's my way, how about yours?
What trade coin method do you think works best?

For much simpler explanation,

"Don't trade if people don't understand the risks". - Understanding the risks will removed the "emotional" part of doing trades.

The problem here is, other people just jumping on random coins (altcoins) because they saw others getting profit on it. The result is, they can't play properly the market there because honestly, you can't just do analysis there as most of the alts are not meant to moved based on professional market charts, yes much proned to pump and dump scene created by the whales.

Again, understanding all associated risks while dealing on a trading activity will result for much better strategy planning. Better learned it first before taking action.

prashanta

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Ryannnnnnn

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Review the market before making its decision. I do not choose to continue the Trade or Holding that I will watch and then determine.

wuvdoll

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Quote from: Bitcoin_trader2016 on April 17, 2018, 07:54:25 AM

For me the best thing and usualy most effective method of trading is hodling and do for a long term rading not less than 6 months i consider it as a long term trade already. The best thing in long term trading is you can watch and patiently wait for a good timing to sell your coins and at the same time you also helping the company to encrease the price buy hodling it in your wallet for long term.

Personally it depends on the market for me. The most effective method is the one that flows with your pattern actually. I trade bitcoin fluctuations in the short term and I trade altcoins for long term and the only time I tend to trade altcoins during an uptrend is if I get to see a huge break out which most of the time, I am always very careful considering how volatile the market can be for a market that is already overbought.

Although, best for me is to always look for oversold market, buy back when I see some divergence, accumulate and hold for long term for the altcoins. Because holding for longer period eliminates lots of practical difficulties of trading. Without stress I am able to make decent money.

brainryan

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Quote from: Paul1991 on April 17, 2018, 03:25:25 AM

In my case, trading is not the best option for making profits, holing coin is. Holing can be considered as trading too, in my opinion (You buy coin and wait for the price to increase then sell).

I agree with this. In fact, trading is a simple way to make a profit in this market, of course, it does not mean that you always get profitable or cool. Because the processes of change are natural and tend to be unexpected. Compared to commercial, Holding shows more peace of mind and safer if the right time to buy. It does not have much pressure on volatility. Just have faith and patience.

RenBct

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For me i think i usually use will be just trading is using stoch rsi and using also patterns but of course it's not a 100% chance it will be accurate.

CryptoCoin8487

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I AM HAPPY TO BE A TRADER

Holding is the best strategy in trading long term trading for atleast 2 to 3 months or more longer than that. In the period of time you can already see and monitor the price everyday and watch and wait for a good time to sell with a good profit.

Bitcoin_trader2016

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BITCOIN TRADER 2016

For me the best thing and usualy most effective method of trading is hodling and do for a long term rading not less than 6 months i consider it as a long term trade already. The best thing in long term trading is you can watch and patiently wait for a good timing to sell your coins and at the same time you also helping the company to encrease the price buy hodling it in your wallet for long term.

boyshx

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Quote from: Paul1991 on April 17, 2018, 03:25:25 AM

An effective trading method is which help you make more than losing. But things are not that easy due to constant changes in market, trend, and community.

In my case, trading is not the best option for making profits, holing coin is. Holing can be considered as trading too, in my opinion (You buy coin and wait for the price to increase then sell).

But If you surf the price waves every day, then don’t rush. Having control of emotions is the key. Don’t rush to trade again when losing or jump in the pool with a bunch of orders when winning. Again, control your emotions and don’t be greedy. When losing, just stop trading, listening to music, have some beer, hang out with your friends… do anything needed to wash down that negative feeling then get back to trading with a cold head. When winning the lottery, don’t rush to enter an order yet. Observe the market and think twice before making decisions. Social network, group chat or even friend’s comment can be a great advice at this time.

That's my way, how about yours?
What trade coin method do you think works best?

Me, I would just go with the flow. One thing is sure about me that I dont get panic when there is bad situate out in the market. I will always keep myself on the ground and keep myself in such mood that I wont make noise about it. I mean there is no point in doing that as far as I have experienced the market since two years back from now. In other terms I would just let my investment fly around, I always think what max things will happen? It will go up and go down but eventually it will return to the base prices where I invested for sure. So these kind of thoughts I keep in my mind to make a successful trade.

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