Topic: WHO DARES WINS, MY WAY OF TRADING. (Read 535 times)

That's a big problem with altcoins. We can't predict the exact rise and down of altcoin, because only at times the price rises. It's better to be in close observation to grab profit. Also with altcoin trading has to be done in a very short time to avoid loss and gain some profit.

That's some good advice. I agree that buying low and selling high is the way to go. And holding some for the long run is a great idea too. My problem with altcoins is that I've lost money by buying them and they basically go to zero in price, so I've given up on them for now.

I generally agree with you but I wanted to add some thoughts to it.


there are times that the price is low for a reason, and it will continue being low and go even lower.
and I don't generally agree with not selling everything because most of the coins don't really have any kind of future so they will die sooner or later, so it means that rise may be the last rise and you last chance to sell.


I agree.
you should never listen to anybody else except yourself. if you can't decide for yourself then you better not trade.


you can do it on your exchange site if it is a good one like bittrex or poloniex, their volume says all you need to know.


many people say this because trading is not for everyone. not everyone can make profit with trading altcoin so most people are better off just buying bitcoin and holding to something that has a sure (at least 90% sure) future.


this is completely wrong.
in trading you will never lose "everything" unless you invest in a scam coin with shitty code, but yet again such coin will not reach legit exchanges and you will only find these kind of coins in cheap, shitty exchanges like yobit.
in trading if you are careful and have a good exit strategy you will only lose small, but if you buy and go away without following on things then yeah you will surely lose a lot.


+1

Very nice advice OP, We should never regret on our decisions as if we succeed, we earn money and if we fail, we gain knowledge. So there is no loss for us in attempting what our guts say..

Please understand, no one succeeded their first attempt in trading, they have all failed and then they corrected their mistakes to succeed and be better. We should always do our homeworks and focus on the market trends. Never listen to others, always think yourself before taking any action.

"Because if you don't attempt buying any coin, especially when it goes against the belief of the crowd and you always feel that buying is a bad idea, you may just continue to spin your wheels and listen to the trolls."
This is smart, people should believe more in their actions, and never regret cause you tried something, many tries are needed for success.
Also I wish to point how good it is to trade with more then one coin, never invest all you have in just one coin.
This how I trade also. For me its very interesting to trade with alt coins, and I use same strategy as op. Sometimes I have luck, sometimes I dont, at least enjoy and have fun.

Great advice for me who just started in trading. Why do I keep the 25%?

Good post specially for newbies and who are interested in starting altcoin trading but i am quite confused about project you talking about here https://bitcointalksearch.org/topic/wirelesscoin-project-time-machine-in-cryptoland-1518952
   

I admit that I am to blame for buying a lot of shit coins both in the past and even recently. But I will always continue to buy coins with the hope that I will find a gem in all the crap.

Because if you don't attempt buying any coin, especially when it goes against the belief of the crowd and you always feel that buying is a bad idea, you may just continue to spin your wheels and listen to the trolls. My belief is that if you don't buy anything but rather stick to the main coins, you will never win as you will just be playing the same ticket as everybody else and the percentage of winning anything is lesser in that case. You will never know what you missed out on. Even if you fail, you will have gained valuable knowledge of how to do better in the future. That’s why my slogan in life is “He who dares always wins”.



It means that if you dare, and try to do something different and be strong and persevere, you are almost assured of a win; but if you don’t try at all, you don’t even have a shot at winning.

These are my 6 basic pieces of advice when buying a coin. Note that they are not exactly a fullproof sure way of winning, or that I am right, but these are the only ways I see it and it is Who dares wins!

1. Buy when the prices are very low and sell when they are high but do not sell everything, always keep at least 25 percent.

2. Do not listen to the trollbox, they are not there to help you, rather they are there to fill their pockets with money, using nothing but their lies.

3. Always check volume, and the best place to do this is in the coinmarketcap, check the trend on the graph.

4. Many people will tell you that it is better to just keep buying bitcoins, holding on to them and forget about the rest but that goes against my two main principles. Just try to invest in some of them that you find interesting and that you feel have a good future. If you don’t dare you will never win but if you put all your eggs in one basket and it drops, all your eggs are broken and all your investment will be gone.

5. Just like gambling you can lose everything, but once again don’t put all your eggs in one basket, spread the risk.


6. Do not be in a rush to buy and sell your coins, rather be patient. It is the most important point in trading. You must be strong emotionally. Who dares wins!