Bitcoin Forum

CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .

Those rules is really big help to those new on trading. I f they trade it really good if they have patience and choose what coins they are buying to avoid losing.

Every item you write is correct and I thank you for it. I think the most important thing to be a trader is patience. If you are not patient and are reacting wrongly to sudden movements, you can experience a lot of financial loss in this market. It is necessary to act wisely to avoid this. Also, do not believe everything you hear and what you read. Everyone is acting so manipulative now that there are more false news than half of the news. For this reason, do your own research before trade.

Sorry to bring some criticism but it is a lot more complicated than that.
To really be successful you can't just follow such simple rules.  Some of what you say is great.
Here are some things I can add:

#Never be panic ,never sell in loss if coin is already dump (sometimes, you should sell your coin for a loss to take advantage of another opportunity that will give you profit that out performs your loss)

#Always wait for right time to buy. (The right time to buy depends upon what percent decrease a coin has had over a specific period of time, then you can better gauge if it is at a value price)

#Sell when you feel good. (You should sell when you have met your valuation goals and percent profit marks to ensure you meet your quarterly and yearly goals)

#Don't enter in the peak value of coin if you have no idea about the achieved target. (You can make substantial profit off of small trades on a coin that is pumping by calculating it's trajectory and volume per hour ratio)

#Don't invest in dead coin. (Some of the craziest stories are of "dead coins" coming back to life and giving the long term holders crazy profits.  What it comes down to is if the tech is good and offers a real world solution and the team behind it.  Don't mistake  long term development for "dead")

Good tips but I have something with this quote.
Each trader can fall in love with one coin and focus with it whether it's only for day trading or for long term holding. But I get what this quote means, it means that you should diversify which overall your tips are very helpful and fair to aspiring traders.

True you can't be waiting for a dumped coin to rise up, sometimes when you have lost money, you simply need to move on and not dwell in the past. There are better opportunities in the future.

They are shareable rules, rules of common sense that we all already follow when we trade. The most important seems to me to be the last and that is not to regret if we sell a coin and this immediately goes up. Nobody has magical powers.

thanks for your advice, the world of trading has a very big risk. and I agree with you that trading strategy is double trade, meaning not trading on 1 coin only.

but in my opinion it is a difficult thing. because it must analyze the market more than 1 coin. Are there any members here who can give me a solution?

then also i am often fooled by coin hike, so i feel coin it will profit, and i put a high price, but finally dump again. but the most important thing is patience.

Obviously, It is help to trade in best platform but most of the experts are know this concept and beginners are not follow the steps because they need quick profit in short time so they are all choose this place. But beginners are follow the right procedure definitely it is best way to survive in trading platform.

good rules to follow for beginners, in the world of trading patience and thoroughness is the key to profit, learn carefully every coin we want to buy and be patient to sell according to the target we want ,,

Well stipulated rules. If followed thoroughly then all investors (experts and newbies) will always trade with confidence. In this business, nothing is done out pf emotions or panic else you miss out rightly

#Don't check coinmarketcap every hour :') lol

Wow! It could be a great help to newbie trader out there. It can help them to trade wisely. You must post it also on this thread https://bitcointalk.org/index.php?board=8.0 so that many traders would read it also.

Additional to those rules is also research about the coin you want to trade and always have time to read on their sites or social media accounts so that you have an idea about the coins/tokens you want to invest in trading....

Nice and helpful sharing. As a new trader, I will follow the rules. Even I think pro traders also should follow these rules while trading.

This is a good tips to all newbies. Most of the time they are not know even basic trading tips. Hope many newbies read this topic and they get some Idea before they will entering any investment on crypto world. Hope many people like you are willing to teach and gives tips to all people.


#Support Vanig

I think that is the most important rule. Watch the market and don't buy if you think the price won't maximize your returns.  ;D

yes these rules is very needed to become a true trader. I LIKE that #dont fall in love in one coin. That true, why? Because if all funds is put or invested at one coins. Seems there is two things might happen to you. Big gain or big losses. We dont need turn things very risky. 3 coins is minimum to seperate your funds.

I like these rules and I will put them into practice

These rules should be seen everywhere.

I think there's no wrong with those rules, for me all of your written rules are really happening and all of the tradera are also encountered those rules. Even though I don't have any experience in trading I think beings calm always when your crypto currency dump because the market is not stable rising and falling are ordinary in the market. So be patient always do not hurry everything is have a right time.

Thank you.

what you say is very helpful to new members in the crypto world. this is the key to success to become a trader and although doing it like this is very difficult considering the many coins in the project that have been predicted to be a future coin suddenly this coin is dead and there is no continuation of the project. I think this also needs to be known for beginners and even for everything.

selling cheap due to sudden dump in coin is not good at all most importantly when you realize later that the price has risen again. you feel like killing yourself. this happened to me couple of time when i start trading on binance. coin i bought will end up rising after i have traded them. recently I place a sell limit with 20% profit on OPC coin in cryptopia and weny to sleep last night but when I checked back the following morning the OPC coin has gone 100% of the initial price I bought it. I feel like who told me to place sell order at 20% profit  ;D

pit pat piffy wing wong wang .

That's all you need to know.

Yes it's correct, the information that you share are useful to the beginners that didn't know on how's the market movement. But if you are saying if we follow the rules that you share no one can beat in trading, I'm doubt about it, yes it helps to many people but it doesn't mean no one can beat you in trading, there's a time are doing mistake.

As I have read your list of advice or tips, I generally agree with them. But there is a single one right there that I think will not be good to your portfolio value and investment. This is #Sell when you feel good. I don't think it is advisable to simply sell when you fell good. Anything that has something to do with feelings in crypto, especially in trading, does not give you a good result. It is worse if you sell when you feel bad though. But the best thing is to sell with certain rational bases.

To become a successful trader you must first
 Follows these rules to be a successful trader
1. have mind and vision
2. have good diplomatic relations
3. capture the market
4. have broad and deep knowledge of what you invest
5. Do not follow the rules but follow the reason
6. Good judgment
7. Accept and accept
These are the things you should do when you want to be a good investor

When it comes to trading or investing, I have always followed the rules of the great investor Warren Buffet,

Rule No 1: Never lose your capital and
Rule no  2: Never forget the rule no 1

Whenever I find some opportunities with higher risk as compared to that of my risk profile, I realize that it's time to follow the rule no 2. Trust me, I have saved my huge amount of money just because I followed these rules.

Those rules are very useful. For beginners, they can start trading by following these rules. It is easy to read but hard to follow. Because of you have to against with your emotions. Emotionally taken decisions lead you to lose. How to overcome that? Take concert decisions with your own research. Don't listen to others opinions! Make own sell level as an example if you buy the coin at 0.01$ then if you decided to sell 0.1$ then sell it! Don't try to sell with losing or more than 0.1$. if not then regret come to you! Another fact that Patience. Stay positive with your investment and wait until achieving your targets.
Good Luck!

that rules is not only for cryptocurrency specially, but also common for trading other commodity

We always want to gain a big profit in doing this trading. It is always a thing when you buy a token in a lower price in the market and waiting for the markepcap to pump but as always it is better to invest your token in my experience selling the token earlier is a great thing as long as you gain a profit but also holding the token in a long term is always give a higher profit to investor so invest and hold your token.

Thank you for your suggestions. But one more thing to remember is that it is the experience of the dazzling experience, And long-term experience. Do not worry if the market price drops and you have to wait. Believe in yourself.

i always have this Regrets . but we all know that Regrets are Part of Trading .
i may say if you Have regrets and encounter regrets in your trading life Just remove it and forget it .
it will affect your whole trading Style because you will always wait for the Best amount of the Coin value even
the current price is fair enough you will wait for the higher value until the price will crash and will give you regrets again

These rules are not only for BTC, it's for all trading. I also believe if any one follow the rules s/he will be a gainer.

All things you"ve mentioned are totally correct, thank you for sharing your rules in cryptocurrency,its very helpful especially to all beginners in crypto to become knowledgeable in trading and investing.

these words are always said by everyone
and it is true, to get success in trading, is not easy
many principles must be mastered, one of which is patient
because the key of a trader is patience

yes, basically it should be like that. but in every trade is not as easy as you say, the most important factor is experience in addition to insight and knowledge.

I totally agree with your opinion. This will be a positive feedback for me personally. It may also be an additional science for all beginner traders. be patient and always confident in self-speculation and always see the progress of the news that there may be one that must exist in every trader. I also agree if panic would cause a loss sale for a merchant. but if the sale is not in a state of panic. maybe the merchant is still looking for loopholes to benefit from the new coins he will buy again.

I agree with you. In my opinion, patience is the most important part.
Because patience allows you to maximize profits.

These are solid rules. One of my own biggest downfalls is forever holding and never selling to take profit during a big move upwards.

Every trader wants to earn big from his or her hard earned coins. It is therefore advisable to be guided by some rules so as to be successful. To be very successful, one needs not to breech rules governing his or her trading business. Per the rules listed above, they are very relevant to any trader as far as cryptocurrency is concern. Every trader will have to get him or herself acquainted with the rules in other to make it big. I think taking a critical look at these rules and abiding by them will make you successful.

Selling when you feel good is confusing for me  ;D
My strategy in trading until now is, never sell at loss. If the coin on the loss, just hold it.
Even i am buying more when the market falling. It is always working because later market will rise.

these rules are all true, i believed in that, its the same thing that i read before in some books that i searched, and its really amazing when we do it, sometimes, its easy to say i will never panic, whatever things happen, but when those things happens, it is very hard to do, so for me, i always want to do it, to follow these rules and it is necessary to achieved my goals to make some good profit..   ;D

This is nice and a great idea for everyone trader have a big help to them and also for me. For those who are trader or make a successful trader make it follow this rules and surely we make earning and successfully a trader but one mote thing a trader is not easy as the one of rule was patient and additional always take a risk to know on what or how to happen.

    I am strongly agree with your rules, I think it was a very good rules to follow especially to the beginners out there. As a trader, I learn a new tips to follow in trading.

    You are right about in profit is profit because based in my experience I always wait to increase the price before I sell it but I end up regret it because the price is become lower and lower. However, regret is part of trading and we all learn from our mistakes. Just better luck next time and do not always think that you need a high market price before selling it.

That's a good tips to be a trader but above all you should use your common sense as you will be responsible for your action. Do a research in every coins you want to put your money and decide at your own risk.

Will try this rules.

I agree with each of the guidance provided. Very helpful. However, there are few of points I just wanted to add to them, maybe this helps:

1. We should always do our own research, and try to learn the basics of TA

2. Fundamentals also play an important role so keep a tap on the news and events happening for a particular coin/technology

3. Always invest in coins, which have a legible and proof of prototype already built. I mean the technology. The team supporting the technology should also be taken into consideration. Even if the value of the coin dumps during FUD, it will certainly go up over a period of time as the technology and the team supporting is good

4. Social media creates a lot of hype (positive or negative), avoid being carried away

5. When I trade, I pick trade in max 3-5 currencies. So I don't put all in one bucket and also don't dilute by investing in all the coins. This also depends on the kind of trading style we have. So we need to be sure whether we are going to do daily trades, or swing trade or positional.

6 Try not to invest everything. Save some to invest during the rainy days.

Hope this help!

These rules may sound so simple to expert traders but it really makes sense to me because they are the basics for new traders. I have personally been applying some of the rules and its been very helpful to me. But i also object to your claim that "don't fall in love with one coin" For all we know you are in love with a particular coin and how you wish you get hold of some" It is possible to love a particular coin especially the coin that brought you a hit. I wouldn't invest in a coin that has less value. I think it is good to sell when the market is good and hold when the market is down.

Oh...for me the most hurting from all this list was actually do not fall in love with one coin, hehhe. i love one for now.

Those rules mentioned above  is a big help for those who lack of knowledge about doing trading especially newbies who want to enter in trading. But unfortunately because of being hasty and greedy they're always panic when there's a issue and always regrets after the scenario.  Lol this rules is useless especially if your heart is aching while seeing your money disappearing gradually.  

I think your suggestion is very good because you have certain strategy to do trader. but I myself do not have the courage to do trader because I am afraid to pick the wrong coin and finally I will lose money. I also have difficulty in analyzing the market for more than 1 coin.

Most traders forget to understand these principles you have listed and there are following shadows.  Looking for pump and dump group to going in other to make money without analyzing the market themselves. Patience is the keys and anything that will make you money most last long that is it takes time for you to makes money from trading.

By following those rules above are really helpful to be a successful trader. Patience, never panic selling and you are willingly to risks for the aim to have profit. We can be successful trader if we are determined for our goal and it follows.

we often feel greedy for seeing the green colour and too confident it will last until the next day. And we never know what will happen tomorrow.
I'm just suggesting do not waste a small profit already earned while still expecting big profits that do not necessarily come.

This is what I'd like the most, meaning it should always better to put a target price to your purchased tokens/coins just to avoid such kind of attitude. As long as you made a profit that's what matter than losing.

I would not advise you try them without at least learning the basics of trading first.

If you do not know what you are doing based on your ability to analyze trends, knowing when to buy, when exactly to be selling and when you should be getting out, then I believe anyone in that category will be making some terribly big mistake because no rule will be saving you except your knowledge and it is because of the lack of that knowledge that so many traders always end up sticking to the first rule the OP mentioned which in patience even when they are already losing so much just because they have no idea when to be out of a trade.

I think the most important are these: Always wait for right time to buy. Sell when you feel good.Don't fall in love with one coin. As for me, it is really difficult to be patient and wait for the right time to trade.

Thank you for sharing the valuable information, it is very helpful for an early trader. The most important as you said in this crypto world is, Having patience when trading, HODL them and sell it at a right time. Don't fall under FUD and sell your coins because of FOMO.

If the traders can follow this rules and we will never feel that we are in sad. Because all the condition we have above we can solve.
We get the bad dump then no worry since the market will recovery and also dont love only one coin. Always buy some several coin to separate the risk.

Crap, who wrote those rules? a teenager of less than 15 years old? Came on, we all know how bussiness works in here, and if you do not know how to trade, just buy a bot to do the work for you.

#Dont fall in love with one coin.
That is one hell of a correct rule if you are trading.
But when it comes to investing, there will be a lot of love to the coin. Hodling will be the best answer of all. Dump or pump you stay in the game.

Trading got a lot of unknown things that can happen anytime. Better do some great decision.

yes indeed we have to like tu to be a good trader for our level quickly rise and get bigger profit.

I am not saying that this is wrong, you may have a good reason why you say "Sell when you feel good" however remember that in trading, your emotions are your worst enemy. Anything that you do, Buy, Sell or Hold should be backed by a study, there should be a reason behind it and not just because "you feel good".

I agree with you but I think striving for better goal is the best. We must always expect the best and we must not just stick on what what we just feel good about. Also , being a good trader could still be develop into a better trader if we'll have all the positive characteristics.

They are pretty good rules and not just rules but something to understand first before even embarking on the trading journey which I believe a lot of people always find hard to understand or just simply do not sort out to understand.

However, for the patience, I want to believe that depends on your style of trading as you really do not want to be patient in a day or short term trading when you want to be stopping loss. Personally, I believe the only time that is applicable is for long term trading after buying at the dip.

To be a successful trader, we all have the right to follow these rules. Patience is the key to success in business. Be honest, because honesty business capital. When the price of the currency is down, be patient without selling and try to buy if there is a capital. Sell ​​its price when it is pumped in the market and do not worry when the price drops, and believe that the price will increase soon. Take your own decision and keep your wallet safe and do not share your password with anyone.

Yeah, it is very nice and a pretty good list for any newbie trader to be taking note of.
However, there is one rule that the OP did not add which is the importance to learn and always keep learning as much as they can because this is simply one that any new trader will not want to miss. it is one thing to take all those list into consideration, but it is another thing to even know what to do in the first place which I believe so many people do not always take into consideration until they are way deep in losses.

It is much better to take the risk of exploring and experiencing to lose to make a better learnings for yourself although your guidelines is good and very helpful to those who doesn't know  what to do in that areas of situations. Anyone can beat you but you can take advantage by using your own skills.

Patience applies to all sorts of investment/trading durations. Patience isn't something that by definition means you are waiting a long time (e.g months) to liquidate your position in the market.

Patience can also be you waiting a few more hours instead of liquidating your position within your usual 5-10 minute trading range. It's all personal and fitting within your own way of trading.

In the same way that patience can be a good thing, it can also turn out to be working against you. It all comes down to how you recalculate the market based on each trend or sentiment adjustment. Everything in here changes quickly.

These are very helpful to the one who is starting the trading. How will we know that the coin is a dead coin? I do have some coins which are very cheap, and the price is not increasing because of the low volume trading. but the project is good and the product is live, The team is working on the partnerships. In this case, is it still a dead coin? Looking forward for your response.

Yes it is really informative things has been share by them, it is good to know specially for them who are new and don’t know how the bitcoin market use to move, those who will keep on following these rules will rule over the world and no one will be able to beat him in trading, these are golden rules to become a good trader but over confidence is not good at all so keep on following these rules but even then be very careful.

I just wanted to write the same words. It is not wise to be a fan of one single altcoin. Never concentrate on it. I am trying to trade at least 15 different cryptocurrencies and I can say it is more profitable.

Yes, a successful trader thinks like this and rules should be the same as we have learned and heard others means experts. On collaboration with experts you can trade on a big scale and can reach at that place to trade on a big scale. This will result in huge profit per trading process and of continue this process then it will make you expert and a successful trader that guide others in future.

Each trade knows the terms given by you, it's different for new ones. I will tell the newcomers, each term has positive and negative side.

If there is no market knowledge then there will be nothing in life.
No one knows when the coin will pump, how much the pump will be.
There is nothing to say about bad time. Someone's passover, somebody's catastrophe.
This is the only trading rules.

Yeah off course and very much important is that you shouldn't be very greedy about the trade that you have initiated as it can end you up in vain. Many times people do follow all the points that yo have mentioned here, they do get huge profits in the long run of trading but at the final time they make one big mistake and thats waiting beyond the threshold of the coin and thus it may break down finally and people loose profits as well as that very break even point which they should take as safe line for themselves. Anyway, its really emotional decision that they make which they shouldn't be making.

Trading is very difficult. Emotional control is the most difficult thing in trading. When the price going down, most people are selling their coins to get higher price order on market. Trading is simple but it always hard. When i say simple, the options only 2 options that was buy and sell. And it just about selling and buying. Try to control those two words with your personality.

What is the bot we should to buy for trading? If really exists some bot that can me give profit from trading without me doing anything, please give a link or something.

The points you mentioned are really a good tips on how to do trading, the best tips I ever heard and the bottom line is patients and limitations you should set limits and be ready to any eventualities it is either positive and negative, and lastly follow your instinct.

Never be in a panic, and do not ever sell the altcoins and Bitcoins when you feel you are very nervous. In this case, you will simply make the wrong steps.

You forgot the most important thing, "Do Your Own Research". Before you start trading, make sure that you are prepared mentally and emotionally. You should be properly equipped with the knowledge of how the market goes and what to do when something happens. I always say that invest on your self first before you invest into something.

100% agree to you dude!! This is one of the important things you can do in trading industry dont enter if you dont have any idea how to start in trading hehehe.
After that master the basic rules of trafing industry dont be emotional because it cause losing your money.

So totally everything is well planned. You already have plans before entering the market. You must already know when and how to exit even before entering the market.

Nice strategy, it will make a better trader.good info

Its quite easy when im sitting here, reading everything that is listed on that post and imagine myself doing it smoothly. But the truth is, its just easy to say but really hard to do. Always keep your mind and emotions conditioned before making transactions and this is what you have to do everyday. The following will be easy soon after you master it.

I am a beginner in trading, so I am not yet familiar with trading, this information is good for me, I will try if I want to be a trader.

This is what we should do otherwise we'll never achieve anything. Until that changes there will be less chance gotta be good at Trading. Success is about understanding the game, then it becomes easy to take advantage of the market. Only this practice helps you out to be a successful trader.

You’re right with all these tips. We shouldn’t love just only one coin, we should learn to expand our portfolio and invest in several coins and not just only one. Most of us are used to investing only on Bitcoin but that’s not really a good idea, it’s not good to be relying on one coin. I was doing that back when I was still a newbie thinking that only Bitcoin is reliable. Later I learnt that there are other coins with good reputation and not just only Bitcoin. Lastly, I’d like to mention patience. Patience is one of the most important things if you’re going to be a trader.

Never put all your eggs in one basket, at least diversify, bitcoins and altcoins mixed up should be in your trading assets.When a trade is done , never regret of the decision that you took, either good or bad, otherwise it will be affecting you psychologically on your next trade.

Yes, I agree of the rules to become one of the successful traders but we also not forget to ask guidance to the one who created everything and that is our Almighty God.

Don’t take advice from people who don’t understand the technology behind the cryptocurrencies. Most of people with finance background give you advice even when they don’t understand the technology behind the cryptocurrencies.
Do your own study.
Buy during the blood bath and sell during the high.
Be aware of the Cryptocurrencies fork. For first timer, fork will be difficult to understand but you will get it if you do your homework properly.

That is more like the summary of what every trader should normally look out for. However, those rules cannot work if there is no knowledge. Waiting for the right time to buy can only be done when you have a strategy and what you are looking out for to know when you should be getting into the market and when you should even be setting stop loss as you are entering the market as even analysis may end up not playing out as you want sometimes. However, the selling aspect for me also need a pattern and strategy and the most important thing is to never get greedy when you are making huge profit already and most especially when the market is overbought for a long time.

No, I don’t think it is a dead coin. But I would have preferred that you mention the name of the coin, that way I would have known what exactly to say. Anyway, as I said before the coin is not dead. Being low in price doesn’t mean that the cryptocurrency is dead. There are lots of good coins in the Blockchain that are being sold at a low rate like about $0. To $1 and they are running perfectly and not dead.

There are always some basic steps and instructions that are default and we need to acknowledge them before getting in the practical world. Things are better and fine over there but when you are panic, you make everything just ruined. So don’t spoil you output rather make a strong hold over your mind. This will let you to grasp maximum determination in the time of disturbance.

I agree with your guides. And most of all, patience is really a key to unlock anything in trading. IF you are not patience, do not join the trading world because the faster you want to have money, the more money you will lose. Try to control your emotion, too. Panic only makes things worse 

Yes, that rules for trader to be a success. Keep your money management and be patient. Bad news or fud is a new chance for trader to buy more token or coin that with cheaper price.

Emotional  and greedy still become my enemy in trading,  I still learn how to control it.  Many expert trader said the most important thing in trading is should be has good psychology,  and this 100% true. Keep patient and don't be greedy, risk management,  and trading plan . And this thing is friend of trader that will bring trader to make profit.

Once you get into the world of the trading, then after that you get to know so many things which you were previously unaware of and that once you spend more time, only then you get to know the way things are which can then help you in making smarter decisions. You need to keep on polishing your skills and that you need to keep on increasing your experience and that you need to look for the ways which can lead you to the success.

These are golden rules and if followed by the new guys entering the market, will result in the desired profit they set out for. One of the basic things in my opinion is the knowledge of the technology. It is important to understand the nature of the technology one invests in.

With the information gap, one can never and might never earn by investing the money. Market behavior and the investor response to the market is also very important.

To many rules make me can't think. For me basic knowledge about risk, money management and accept the rules is important and not too long. So far I can say rules is same but people have different strategy and that make crypto trading/ invest become interesting. They will find their own pattern after enter market with real money, trust me.

I think in trade have no rule. If it's be, It must be buy when price low and sell when rise. I think in trade have concept. This concept is so elastis so it allways defferent of one trader and others. If you have tath concept, you will be easy to get profit on trade. Just learn and learn to get your own concept.

Nice and helpful sharing. I will follow the rules. Thank you

Lol, most people always think these rules in trading will basically help them but the truth is that in real life and except you just want to hold, it is not that applicable to trading; at least most of them. Only thing you need is the knowledge to trade without putting emotions and ability to make quick decisions since you already had everything planned out.

People forget that a lot and they let their emotions play them or hold when the market is in a rapid fall when they should be stopping loss and buying back lower. Like you said, if anyone cannot trade, they should be buying a bot.

Good behavior recommendations for newbies in trading. As it was said we should lock our emotions if we want to be successful traders. Hesitation also not good thing for trader but sometimes it suddenly helps to receive more profit. I'd rather relate it to good luck:). Anyway never stop learning and practice in trading. Wish success to everybody.

Thank you for sharing, but I would also suggest to add, never relly on luck because if you do, you would be more a gambler than a trader!

You should not sell your coins because of FOMO. The best time to sell is when a coin is in a pretty huge FOMO state, and you can gradually be offloading them bit by bit or simply take out your initial capital and a little profit then play with the rest. As long as you have been able to buy the dip, you already stand a better chance in that market and for a market with potential, you will be able to see some good growth and then look out for the good percentage in profit without getting greedy.

Yeah, they are pretty simple and easy rules to follow, but you still always will need to be tactical most of the time as well. The market is a very volatile one and you do not want to be holding when you should be stopping loss, depending on the type of trader that you are which to me is one of the reasons why so many people always end up screwing their positions a lot in the market. If you do not have any strategy when to buy or sell, then you will be making mistakes in both ways.

the rules you mentioned are correct and can be a reference for new traders to apply the statements you have given but I think everyone has a difference of opinion which means there may be people who use this and may also be different from this which clearly should all be can benefit a lot.

What about the rules of trading technical analysis

 For me the rules that can lead you in success is buy when the value of coins or investments in the market to be affordable to your budget then sell it when the value of it change in the high amount.

You can search at google about how to be a good trader or maybe watching some youtuber cryptocurrency

one of the most important thing to be a successful trader is the investors should nt be panic at the time of market crash

I think to be a successful trader you must have patience in this kind of business because of the stress, frustration and hardship that you will encounter in this industry, just be kind to handle things.

Honestly, I took the time to read and analyze them well, and I think it is a good support for everyone who comes to this world, as a kind of guide.

Thanks for your helpful especially for those who are new trading. Patience is a virtue in trading.

These are well thought out rules that would help any cryptocurrency investor or a would-be investor to make good decisions when investing. If we follow all the said rules, we should come out successful in this industry. Many folks tend to do the opposite of what is needed of them to do. Some buy high and sell low in this market because of fear. They do not follow the investment tips that they ought to follow.

Following the laid down rules would catapult you to massive gains

Well those are very informative guides and as a newbie on trading its a must to read and read more resources. We know that cryptcorrency trading is very volatile and please do extra carefull in making transaction. be sure you know what you are doing so as not to incur big losses.

Trading is one of the most difficult thing to do and that the ones who are doing it are burning their midnight oil to make some good earning. You need to be sure that you are only jumping into trading once you are having enough of the knowledge and that you can take this risk in your life. You need to stay firm and that you must handle the situation wisely.

Thank you anyway for sharing those rules, but to be a successful Trader you need to have an experience, it's not matter how many rules you are knowing and following it is positive but it's not the main thing.

Yes that right if you really want to be a successful trader you will be a rich and also if you have a good strategy . don't think so much you need to be chill and relax.

This is also a good way to make you profit in trading to avoid selling low prices
 when the price of commodities falls on the market it's okay to choose the coin you buy.

thanks for the rules but i think being a succesful trader is hard to achieve because of the current status of cryptos and even if you say that you already master your skills and you did follow the rules coorectly  ,there is still a chance that your predictions and moves will fail because cryptocurrency is verry unpredictable plus there are also other factors that can hold your gains .

  in other words , luck is also another important matter to be considered in order to become a succesful trader .

much obliged for the tenets however I believe being a succesful dealer is difficult to accomplish on account of the present status of cryptos and regardless of whether you say that you as of now ace your aptitudes and you followed the principles coorectly ,there is as yet a possibility that your expectations and moves will come up short since cryptographic money is verry flighty in addition to there are likewise different elements that can hold your increases .

As both prices are moving up/down how do it the best way to buy the token at the price i want?I can work with Bitstamp or Kraken. So there will be no delays to buy eth or btc fast. So first what to buy better? Eth or btc. Second, when transfering to an exchange like binance. There is a delay and price of token can move.

Yes I also think that these are very good guideline for trading. I think that following these guideline we can become successful trader. I think that the most important in trading is to remain patient and study the market from time to time. We should always  prepare a good strategy for trading.

Good tips mate, this Is really can help those newbie In crypto trading If they can read It now for their first experience In trading. And I guess It will minimize their losses from their first attempt In trading altcoins.

These are some very useful gold rules, but you can have your own rules as well. Own priorities, best practices what worked for you  in the past.
Do not be greedy and always execute the  predefined trading plan without hesitation.

A very well written rules, newbies should take a note on it and it should of course apply on the field of trading. The more you do trading, the more you know how to applies each of those rules in the field.

You should always avoid selling at low prices but every time the market is currently dumping its prices, most of the traders emotions are affected and in that way they lose their investments because they sell their coins at its lowest price.

As good as listed rules are, you will still have to write and formulate your own rule to guide and protect you against emergencies and loss encounter during trading and investing in cryptocurrency.

yellowstone that the crypto currency has always been unpredictable and even following a certain rule, you still remain in the risk zone.

2 points i like panic  and greed both these will kill the traders money if they can't control the emotion

You can’t assign it as factor for being good trader to be an experience person. How a person who is new into this world of trading can become good trader. Definitely he has to involve himself in different tasks and activities and then he start making his tenure filled with different stories. But a newbie can become good trader if he start to know in fresh days how to make good trading.

As the two costs are climbing/down how do it the most ideal approach to purchase the token at the value I want?I can work with Bitstamp or Kraken. So there will be no postponements to purchase eth or btc quick. So first what to purchase better? Eth or btc. Second, when transfering to a trade like binance. There is a deferral and cost of token can move.

I can work with Bitstamp or Kraken. So there will be no delays to buy eth or btc fast.  If we follow all the said rules, we should come out successful in this industry. Many folks tend to do the opposite of what is needed of them to do. Some buy high and sell low in this market because of fear.

Those rules may help newbie traders. In addition to that make some reserch so that you may avoid some losses. This forum will help you a lot.

I was make some of these trading rules, but i always not discipline to follow it because my natural emotion and greedy. Expert  said to be successfuly of trader is 90% will be according to the pscycology of trader and only 10% according knowledge about technical and fundamental analysis. Only by keep learn and learn so later i could be become pro trader who always discpline with rules of trading and finally possible to earn consistently profit.

I think this is not quite the branch where it can be discussed, but in General, you should just follow the rules of the investor, in order not to worry about their investments

Successful traders are not in one day. This is a regular practice for many months in a row. You must go through various non-standard situations in order to have experience in this matter.

This rules is good , because newbie trader will be apply this who are not enough knowledge to trading.
Every tipls, advice and every rules for trading is very important in trader to become successful to earn more money.

These tips will surely make an eye opener not just to the newbies out there but also to majority of the traders.Patience is still the best key to make a successful trading because it will really take time to wait for the right timing to trade and end up profitable.

This tips are very good but to be successful trader, specific amount and time should be listed to give a realistic help for the new traders. So, to be successful you need friends that can helo or brainstorm with you for better analysis.

To turn into a simple rule, we need to have capital, knowledge and discipline. These three virtues will give us a successful trade. In order to be a profitable trader;

1. We must have capital because we cannot execute a good trade or buy a position without our capital. Capital is one of the factors of production, the more capital we have, the more we gain money.

2. If we enter the world of trade, knowledge is important. Of course, we should know about the technical side of trading not just only buy and pray later. That is not enough to execute a trade because if we are prepared, a lot of tendency that we lose our money.

3. Discipline must be consistent! People who have this virtue will succeed. A person who can wait and don't have a greediness with their mind will become successful. There is a perfect time for everything and we must have the patience to wait for it.

Some guys make their own rules and try to follow them. For me, the main rule is not to invest more money than I can spend. I know that trading is a risky activity, and stay cautious.

Soon it will be half a year that passed since that time when this list of the useful tips was published. However, many traders continue to make the same mistakes.

trade logically. not emotional.

The rules you put out really very well.
But I think there is not a general formula for success in trading.
If anyone can do all the things you says, thus who will be the winner and who the loser?

Yes, these are great tips. For newcomers would be helpful to get to know them.
The main task of the trader is to keep their activities under strict control. A successful trader must plan all his moves for earlier. Cold calculation is the way to success.
No need to succumb to the syndrome of lost profits in the event of a rise in the price of a coin, because you wrote correctly, profit is profit.

All your tips and advises are all true, but on the contrary majority of the traders in this business are not following those advises, maybe of having a greediness behavior on their personality. They always think to earn quickly without feeding themselves about the idea and knowledge which they need to know then first before doing trade in the platform.

Yes that all thing is key to get successfully in crypto trading, in my experience in crypto trading, i was loss much money cause greedy, not patient and did not use stop loss. Before take action to trade, we have to know all risk and we should be already have strategies to reduce that risk.

And this have me think if OP is already a successful trader nor he's rich. ::)
IMO, being a successful trader is learning from your mistakes and experience tells you so. Even if you follow everything that you hear or read if you're in the actual situation thus you're inexperience you somehow get lost. However eventually as you go along the way you know the things you should avoid and bare in mind that losses are surreal.

yes, good advice for traders. but I am not sure all of the suggestions we can do when we trade. theory is indeed easier than practice. when someone is already involved in trading, there will certainly be many factors that will affect our stability in trading. for example, suddenly the need is urgent or something else. it's very difficult to do it all. but I agree with what you say that don't regret when we have stepped up, rest assured that what we do is the right way. like that, whatever happens you won't panic. In essence, in trading, you must be sure that what you are doing is right, and believe you will benefit from the steps you take.

Exactly. A successful trader makes his own rules to become successful and this is equally important for one to do so to be different from the people who follow the same ways of trading and none of them make money. Everything in the end boils down to what type of crypto you invest in the start which is something that determines the growth in the market, the value addition and the time you need to get your portfolio grown etc.

Sometimes emotional in trading become the biggest enemy in trading,  not patient waiting for best price to buy will make loss. We should be learn more about psychology of trading because according to expert, skill about TA and fundamental is not enough but trader will become successfully if they have good psychology.

Using a secure and safe wallet for your coin should be added. It is always good to point out that Holders should not kept their investment in a closed source software. Holders shoukd have the full control over their fund, private key should be right in their hand and no need for anyone to keep it. Exchanges and closed source wallet leads your fund in the risk of losing in an instant. It would still be better if holders should keep it in an opensource wallet like HODLER wallet, this assures them the security they need and also help them track any potential vulnerabilities on their funds.

i never invested much in coins but i will try hard this year. i spend last year running bounties and it was quite disguesting and frustrating. i ended up missing out on important and quality products. like wanchain, wabi and the rest. this  year i will focus on trading and ICOs. enough of all these bounties.

the given those rules will very useful for the beginners who are getting interest in trading and they don't have correct guidance to move forward so it will useful for them to how to trade properly without any difficulties.

There are those important rules are being implemented by you so the newbies will definitely follow the instruction that he will given in the above are very important to be a good trader so following are some good strategy will also be very helpful for a better theatre

Yeah thats good tips, I think every trader must have a plan like the tips you give, and they must follow and discipline on that plan. I'm sure if every trader follows the strategies and plans they have made at the start then the risk in trading can be much smaller, people lose money in trading because they are out of control, out of plan, like greedy and so on.

Patience is the only key but to get big profit, it's just a dream of every investor but we really are not sure if we can get that big profit.

What I mean is that sometimes we go greedy, we always want bigger even though profit is already in front of us and this could lead us failing
to sell at the right timing. It's good to be patient but we should also learn when to pull the sell trigger and that requires specific target.

I agree with you of most of the point rise!  Buying at the right time really contributed to around 75% of your trading success.  Many people and new traders always buy when they are ought to selling and vice versa.  I believe that trading is profitable if you really know what to do at the right time.

Trading using your own emotions is not really a good idea because we should always put in mind that we are here to trade for profits and not for emotional satisfaction.With that,patience is highly needed especially when negative news are already surrounding the crypto market.Learn to be more patient particularly with the current market condition.

I am not good in the field of trading. I think these rules can help me to earn a lot of money in trading and further my trading knowledge. This is a great help for me and for new ones in trading. Thank you OP for sharing and long live!

Supposedly people want to work in trading that's rules you share is very helpful who want to start in trading to get succeed.