I am really very Overwhelmed you guys so nice , Thanks to everyone for giving me your important opinions.
I think I salready enough help and advice from you so I should locked this topic now .
Thanks again to everyone ❤️
Topic: Which trading strategy would be a good start for new traders? (Read 218 times)
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it would be better if you hold or trade-in coins that have good prospects to minimize big losses. but if you want to make short-term trades it means you have to be prepared to choose coins that have good prospects in the near future.
Hodling also has a good strategy to making profit. Yes like hodling coins that have active community. They can pump the coin at anytime that you didn't expect. Therefore is better in such hodling to stay in there telegram group to know what is being discussed there. If a coin is getting listed in a new exchange and a big one, it usually attracts new investors and that will increase the price. This is a strategy of hodling and profiting in a coin.
I would say if you really want to learn how to trade, start by trading on large timelines. Meaning do not do day trading or even hour trading or any short term length trading, because emotions will grab hold of you and you will lose money. I say monthly trading and if your coin goes down, do not sell but hodl. Otherwise just buy dips and sell tops. As to where the dips and tops are, look at RSI and heiken ashi candles.
A trader does need skill, knowledge, and experience to trade. long-term trades may be safer than short-term for beginners because that way they have a longer time to hold them. other than that, it would be better if you hold or trade-in coins that have good prospects to minimize big losses. but if you want to make short-term trades it means you have to be prepared to choose coins that have good prospects in the near future. a novice trader certainly experiences failure or profits, it all depends on how we save and manage our own trades.
which trading strategy is good for a new traders ? I mean short term or long term.
Moving average crossover based strategy might get you positive results in long terms and for short term, I never recommend anyone to try due to its known pitfalls. Better adapt any long term strategy and try to maximize your profits by incorporating candle stick patterns and other tools along with.In short-term trading, when to buy and when to sell ?
It will be based on where your technical signals about to enter and exit. There cannot be any general timing or price level to buy and sell but you need to follow you analysis.In short-term trading, do I need to sell the coin on the day ?
You can convert your short term trading into long term based on spot exchanges hence there will be no compulsion to sell within a day when you are trading at spot markets. 
Here's the answer:
1. Depends on you.
2. Depends on you.
3. Depends on you.
I certainly agree with this. The strategy that you would apply will still depend on you as well as your skills.1. Depends on you.
2. Depends on you.
3. Depends on you.
And that's the right answer, it depends on OP that we should know, if it's totally new in trading it's most likely will take time for OP to absorb those strategies that may learn through experience. Experience is the best teacher as most experts say and I believed in that.
It's really hard to learn those strategies in trading while you're a newbie, it needs time for you to study and have an actual practice most especially when it comes to technical and fundamental analysis. Find a good exchange that has a feature of demo trading, I think that's the best strategy to boost your ability in trading.
Alternatively, we have books, tutorial videos, and blogs that explained very well in trading. But all of these didn't have an assurance that it will work 100%, it could be your preference in having DYOR.
Here's the answer:
1. Depends on you.
2. Depends on you.
3. Depends on you.
There's no good or bad answer since it's really depends on the coin you bought and timing. Let's say you bought new listed coins, when the price multiply x100 in a day you'll sell it and then thought short term trading is good. While when you bought Bitcoin, the price dropped in a day but you continued to hold until 1 month. After a month the price increase +20% then you'll sell it and call long term trading is good. Don't forget you may lose in both strategies too.
1. Depends on you.
2. Depends on you.
3. Depends on you.
There's no good or bad answer since it's really depends on the coin you bought and timing. Let's say you bought new listed coins, when the price multiply x100 in a day you'll sell it and then thought short term trading is good. While when you bought Bitcoin, the price dropped in a day but you continued to hold until 1 month. After a month the price increase +20% then you'll sell it and call long term trading is good. Don't forget you may lose in both strategies too.
I certainly agree with this. The strategy that you would apply will still depend on you as well as your skills. If you're having a hard time deciding on what to do, then try to apply at least the basic strategy of trading which is to buy low and sell high. Trading is a long process of learning, you couldn't pick any specific strategy unless you research or study everything about it. I would suggest that you acquire more knowledge for you to apply strategies easier.
I'm in beginner stage at trading . Recently I loose about 80$ . It is a huge amount for me . But I wanna try again
Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
I think for new traders longer-term trading is always better than doing short-term trading. The reason is simple it's hard to control your emotions when you are sitting all the time in front of your PC, while it's relatively easy to control it in long-term trading. Talking about strategies that you need to create buy or sell triggers, First of all, learn a set of indicators that you want to use in your trading, experiment with settings of these indicators or other indicators whichever suits your style the best, backtest and forward test the same and you are good to go. Short term at least in crypto doesn't always mean selling on the same day. It just means selling in a short span of time can be a day or two.Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
I'm in beginner stage at trading . Recently I loose about 80$ . It is a huge amount for me . But I wanna try again
Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
I would say go with short term trading as you do not want to hold trades for a very long time as compared to long term trading.... But not to write this trading strategy off so soon, this has its advantages if you have a larger capital and saves you the screen time of always looking at charts but it all comes down to preference! Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
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I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
Well its not about guessing the market direction that will make you profits you need to be able to have the technical knowledge of how to read charts before you embark on this journey which is the time consuming part otherwise you buy low and sell high same rules always. 3. In short-term trading, do I need to sell the coin on the day ?
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I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
Don't focus on day trade, long term or short term trade. Maybe try to challenge yourself, for example study about the support and resistance and within this day you should only rely on support and resistance to get used to it or to be familiar with it and another day you should add another indicator or tool that would help you with trading. With that you are not just only experiencing trading but also applying the things you have learn into real trading.
I'm in beginner stage at trading . Recently I loose about 80$ . It is a huge amount for me . But I wanna try again
Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
I think for new traders longer-term trading is always better than doing short-term trading. The reason is simple it's hard to control your emotions when you are sitting all the time in front of your PC, while it's relatively easy to control it in long-term trading. Talking about strategies that you need to create buy or sell triggers, First of all, learn a set of indicators that you want to use in your trading, experiment with settings of these indicators or other indicators whichever suits your style the best, backtest and forward test the same and you are good to go. Short term at least in crypto doesn't always mean selling on the same day. It just means selling in a short span of time can be a day or two.Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
I'm in beginner stage at trading . Recently I loose about 80$ . It is a huge amount for me . But I wanna try again
Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
1. I'm a long term so I'll say that long term is really good and effective for me and try it, maybe you're for the long term.Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
2. This is a question that only you can see how it's being done. You'll get similar answers like buying during the dip and selling at the peak and when you're in profit.
3. You have to sell when you're in profit and you have to set a target.
However, if you go for short term trading, the risk is even higher but its still a good way to make profits as long as you are capable to make profits in a consistent way. Its always a good buying moment when the prices are in dips and definitely perfect time to sell when bull run hits the market or when the coins reaches their new ATH. Of course, never sell at a losing price. Just sell when you think you'll be in profits.
~snip~
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
^ I would go if long-term trading and while waiting for my profit I will explore more about trading strategy or the best is if you have fund enough, do 30% of your holding is on short-term trading. Trading is not just an easy way of making money and there is no guarantee that it will return your capital, it will always involve risk when we talk about financial matters.1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
If you know which exchange platform has copy trading then I would go, copy trading is the easiest trading that you need to choose on which portfolio do you copy. The market price is unpredictable and if you have a good sense of speculating then I probably would go with you.
if you go for short term trading, the risk is even higher but its still a good way to make profits as long as you are capable to make profits in a consistent way. Its always a good buying moment when the prices are in dips and definitely perfect time to sell when bull run hits the market or when the coins reaches their new ATH. Of course, never sell at a losing price. Just sell when you think you'll be in profits.
I never recommend anyone to go for short term trading because it may look easier theoretically but when come about live market then you will never able to find the dips easily; even if your technical analysis indicates about dips but when market keep moving down then you will get trapped; so even with the help of technical analysis we cannot make profit in short term trading but in long term trading you can wait so that market will bounce back to get you profits which is the biggest advantage.This is the reason most people are always suggesting to go for long term trading because here you are having unlimited time and giving market to react in-between that time.
I'm in beginner stage at trading . Recently I loose about 80$ . It is a huge amount for me . But I wanna try again
Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
I think for new traders longer-term trading is always better than doing short-term trading. The reason is simple it's hard to control your emotions when you are sitting all the time in front of your PC, while it's relatively easy to control it in long-term trading. Talking about strategies that you need to create buy or sell triggers, First of all, learn a set of indicators that you want to use in your trading, experiment with settings of these indicators or other indicators whichever suits your style the best, backtest and forward test the same and you are good to go. Short term at least in crypto doesn't always mean selling on the same day. It just means selling in a short span of time can be a day or two. Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
I'm in beginner stage at trading . Recently I loose about 80$ . It is a huge amount for me . But I wanna try again
Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
1. I'm a long term so I'll say that long term is really good and effective for me and try it, maybe you're for the long term.Now I need some advice for me . I also have some questions about trading.
1.My 1st question is about which trading strategy is good for a new traders ? I mean short term or long term.
2. In short-term trading, when to buy and when to sell ?
3. In short-term trading, do I need to sell the coin on the day ?
I hope these questions answer and advise could help me to know some good things about trading and helping to choose the right trading strategy at this stage and others like me.
2. This is a question that only you can see how it's being done. You'll get similar answers like buying during the dip and selling at the peak and when you're in profit.
3. You have to sell when you're in profit and you have to set a target.
However, if you go for short term trading, the risk is even higher but its still a good way to make profits as long as you are capable to make profits in a consistent way. Its always a good buying moment when the prices are in dips and definitely perfect time to sell when bull run hits the market or when the coins reaches their new ATH. Of course, never sell at a losing price. Just sell when you think you'll be in profits.
From your narration, I am sure that you are not no more a new trader; you are intermediately experienced trader even you are re-starting your trading. You should go for self-analysing your past experiences to figure out that crypto trading is suitable for you or not. But, in my understanding from what you have stated above, I guess it would be the right tie for you to switch over to crypto investments rather than keep trying and keep losing your hard earned money.
I am not anything anything new after lots of people suggested about investing into bitcoin for long term plans; otherwise you must trade for long term based trading rather than looking for short targets. You can easily plan up long term trading with bitcoin if you develop patience to catch bottom and top of bitcoin market. Just go through this forum and lots of people already changed their fate by leaving of their trading plans and you can be a newer one to join that group of people.
I am not anything anything new after lots of people suggested about investing into bitcoin for long term plans; otherwise you must trade for long term based trading rather than looking for short targets. You can easily plan up long term trading with bitcoin if you develop patience to catch bottom and top of bitcoin market. Just go through this forum and lots of people already changed their fate by leaving of their trading plans and you can be a newer one to join that group of people.
Start with Spot trading if your a newbie and no any knowledge about Technical Analysis, you can go for a short term first to test if this is working and try to learn the basic support/resistance with rsi. The most important is to learn a proper timing when to buy and sell, that indicators I suggest will help you decide so you have learn it first before trying anything.
OP, if $80.00 is a huge amount for you, then you should stop gambling and keep the money for other more important things in your life. Are you a student? Find any job, work hard, save, and if the current cycle follows the halving cycles during 2016 and 2020, you should buy Bitcoin DIPs of 2023 with your savings. Happy new year.
Well depending on his start up capital he might see the loss of $80,00 as huge and despite the amount being small or big, I know that you can carefully build a very small amount of money into millions so it doesn't depends on the capital of a trader to know or see how successful the trade can be
OP, if $80.00 is a huge amount for you, then you should stop gambling and keep the money for other more important things in your life. Are you a student? Find any job, work hard, save, and if the current cycle follows the halving cycles during 2016 and 2020, you should buy Bitcoin DIPs of 2023 with your savings. Happy new year.
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