Topic: Words for beginners (Read 220 times)

Patience is needed not just in crypto market, but all other market that includes assets and commodities. But price fluctuations is more evident in crypto though. That's why panic sellers should always think their decisions multiple times before making that decision to push the sell button.

You can post video links if you wish, just try to upload or share them from youtube to make easily accessible for anyone.
Doesn't matters what anyone suggests but we have to agree on this: Trading is luck too. And in trading, luck plays the most important role. Also remember that if I win, it's because you lose, this is trading in reality so suggestions can't bring win to both sides, one will lose in anyway.

Yes, I absolutely agree with you and author on this. There are only these many advises you can give to someone starting new but one of the most importance (in my view) is exactly that, don't risk what you can't afford.

What OP created is about appetite for risk and how to manage it,  basically called, risk management. It is very good, not only to beginners but traders generally. If we can't manage our money and avoid being greedy, then trading is not for us.

Great! I've been a beginner too and I can say that as a beginner you are really afraid of what will gonna happen to your investment, if this crypto will fit for you or not, we are really afraid of everything but for as long as you are doing something that will help you to learn then those afraid and negative will be out and for sure you will become successful here.

These are real wise words for the beginners. You need to measure your risk to reward. If you have a bigger risk exposure to reward, you would not be a profitable trader in this market

Not at all and when you do try to look up on most threads it had been given as an advise for a hundred times.

When you do make use of RR then these would really be the set-up but to take note that not all technical tools or analysis would really hit up. Identifying a support and a resistance would always end up to be a guessing game.In fact even people are quiet aware of these system but neglects to use it anytime.Why? They do know on how volatile this market is.

For beginners I will suggest to learn about crypto currency, read post on bitcointalk or on other forum like it to grow your knowledge in digital assets.
Beginners can join the party in trading, so right now they are in position to buy coin at cheap price, keep patience in trading & never sell your coin in panic.

I'm guessing by resistance you actually mean support since you're talking about price going down. And by all means no, R:R-trading is especially important in cryptos since the volatility is so great compared to traditional markets. I'd rather lose 1% in a major dump than lets say 7% by having a good R:R-setup.

And lets take an example here, you said "BTC might go down for weeks".

You take long right now and BTC goes down for 4 weeks straight 1% per week. At the end of this week your stop-loss activates and you lost 1%. If you wouldn't have had that good of a R:R-setup your loss would be 4% without setting up your stop-loss.

Best R:R-setups are often found at supports, you open long directly at support with good R:R, and your stop-loss being set below the support line. This would give you the chance to either lose 1% at MAX or gain 3% judgeing by the current price action were having between 6561 and 6754.

Don't panic and always be patience because it makes you think and understandable on how you manage the situation.Learn the trading practices and in that you will learn to be a good and wise trader.Learn and have a tutorial to professional trader.

Thanks for a great tutorial that made me learn something new today.  I will try to apply this technique to my next couple of trades and hopefully can make me a better crypto trader.

The things I could say for the beginners is the first thing which they should do is spend time on learning whether it is bitcoin or trading. With this two aspects if you apply it you are feeding yourself in gaining knowledge, because its not that easy to understand whats really all about crypto/bitcoin even the catch of doing trade in the market. Don't let yourself allow to be control by your  emotions every time there is a decision on which you are going make. So that, in the end you may not face any losses in terms of capital investment.

I am very interested to learn more about this R-R setup  and hope i can searched/find videos related to this setup on youtube. I am doing scalping and honestly i don't find this method profitable and i think that they are setting bots to do the trade, it's not a fair game in my opinion. It causes me a lot of stress, so i am going to study this R-R setup to see if this one suits me.

Seems that you know a lot about margin trading. Since you've posted and shared your knowledge to everyone, I must say that I am aa bit confused with R-R type. Though i may understand that you have to set up a stop loss everytime you do a trading. I know someone who said it to me before that having two wins and one lose in a day makes us a good trader, and setting up a stop loss like what you have said is better than to be liquidated at all.

The fluctuating  market still a chance for every new traders to come now.  If btc will go down, then its  time to think wider than before in order to sustain with the current threats of our involvement with cryptocurrency.

I think for beginners we must have patience in trading and do not get used to acting with panic selling, because it can be detrimental and make prices go down

I never did think about this, till you brought it up.

But isn't such theory more adequately applicable in a non-wildly-fluctuating market?

Cause for all I know... BTC might go down 1% for weeks, before actually heading to the resistance.

Hello everyone, there's alot of different topics related to trading discussed here by seemingly new people, but some things are rarely or never mentioned when prodiving advices to them. Indicators and patience are of course important aspects of the game but let me share you couple things that completely changed my game.

Risk-to-reward.

This is in my opinion the most important aspect in trading and often separates good traders from the bad ones. The method explained simply means: your possible gain must be X amount compared to your possible Y loss to be good R:R-setup. To put this into numbers: If you go long at support (6000usd) with -1% Stop-loss and the next resistance happens to be at 6700 and would gain you ~10%. That equals to 10:1 R:R.

You're possibly gonna lose 1% at MAX, but your possible gain is 10% = 10:1 R:R which is extremely good.

This is why it's crucial to recognize strong supports & resistances, that's where you get the best risk-to-reward-setups, there's no need to jump into trades impatiently. I'm not saying good R:R-setups would make you a profitable trader alone, but combined with strong knowledge on basic indicators & candles & patterns gives you great tools to be succesfull in any market.

I'm not going to post any videlinks in case they're forbidden, but i know there's alot of good analysts explaining R:R-setups in very simple steps. I highly suggest new traders watch those and consider implementing this tool to your game.

Best of luck to you all and may the trades be ever in your favor.