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Blog Location:    https://coil.com/p/Hodor/Trading-Secrets/L2hpzS-5W  (https://coil.com/p/Hodor/Trading-Secrets/L2hpzS-5W)

Do you want to learn about effective & proven crypto trading techniques?  After two years, I finally cover the topic of technical analysis with valuable input from both @HaraldoXRP and @sentosumosaba!

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter:   https://twitter.com/Hodor/status/1178735426649100289?s=20    (https://twitter.com/Hodor/status/1178735426649100289?s=20)

My secrets for trading are quite simple.

Do Not Do:
1) Do not follow any signal group
2) Do not follow any paid group
3) Do not follow any "professional trader” who has many followers
4) Do not join Pump&Dump
5) Do not jump on new listings

Do:
1)Learn TA
2)Learn FA
3) Make your own research
4) Make your risk management (budget, stop loss etc.)
5) Learn to control your nervous
6) Be patient

My advice is only for legit project, you can't apply in scam project. Be aware that trade is high risk.
Don't invest huge money out of 100 coin. Definitely check Total available and maximum supply. Don't invest all money in coin.

and I believe that technical analysis does not work and does not help for the cryptocurrency market. here the price is regulated by demand. and you never know where it will go up or down.

This is absolutely unique. I lost so much when I started trading following buy calls from some pump and dump groups posing to be market makers. I actually learnt from my mistakes, this made me to go deep in my research, and learnt TA too. Basically, if you can remove greed (by taking profit) and always set stop loss (to avoid too much loss), then with good TA and FA, you should be winning at least 60% of your trades.

Have seen a lot of investors discouraging the sole reliance on TA but they still consider it most times, maybe it take 10% of what is used in decision making in cryptocurrency. It is mostly speculative while the space is mostly manipulative. Except for inside information one cant be always right in crypto prediction . The choice of bitcoin most times looks safer than others.

Those things are the real secrets of trading. The fundamental analysis and technical analysis are the main secrets of trading. If you can learn them about yourself, it is a huge plus.

All of these principles are valid, but they must be practiced for a long time.For new people, especially those who want to make money quickly, they will not have the patience to do all of the above. .

If you are a newbie then research as much as you can, try learning new things about crypto currency. Do not follow the experts but yes their suggest will be okay, make sure you have the right coin to invest in and yes once after investment you need to have a lot of patience as there might be ups and down for sure do not panic till the value reaches it peak and wait for your day if this happens I am sure you will earn huge profits.

Do not listen to those telling you not to follow the experts, you are a newbie to trading so you will need all the help you can get, you can learn on or two things from trading experts but don't rely on them too much, trying to know what others know is building up yourself with better knowledge, it isn't bad at all and try to find your own way of trading

If you want to start trading you should research more deeply all about trading, about market conditions and also you should be able to choose a project that will be successful, because in my opinion if someone has not mastered something that will be done it will be difficult to succeed.
that's my opinion, what about your opinion?

I think there is no secret about trading crypto currency. Because i didnt see anyone get financial benefits. According to research 98% of traders are losing.

I'm really impressed to hear your answer. Yes, everyone should trade like this. I think nobody can do anything good by trading without acquiring any knowledge of themselves. I also used to trade blindly at first without knowing anything but I did not get any good results. I've always lost, but now I try to understand before open any trade. And that's what everyone should do.

All cryptocurrency mainly depends on strong dumps and pumps, so tip number 4 is pretty controversial.
A lot of professional traders just follow risk management and stop loss strategies, which allows them to just be popular in their field, so tip #3 is also debatable.
My advice is to follow IEO on popular exchanges and study the project roadmap before buying.

Very well said, and how about the patterns that we are using in stock market? Is that applicable to crypto trading as well? As far as I know, there is a huge volume of advertisement that is focused on copy traders platform. In that platform, they are providing a trader, the opportunity to copy the trading patterns of famous trader that are good. If that will going to be applied on the cryptocurrency market, will that be efficient as well?

One of the commonest yet powerful trading lesson i have learnt ever since i joined the crypto industry is to buy when the market is in shock and fear because i know for sure that there is going to be a rise soon. In addition to this, do your own research about projects and don't heed to trading groups as these guys are also monitoring the market like everyone is doing.

Or just buy Bitcoin now and wait for 500,000USD for 1 Bitcoin. If Bitcoin has a future, then it should cost atleast 500,000USD after mass adoption happen and Bitcoin become a reserve global currency.

I visit the link and they give basic tutorial about trading that can be helpfull to all newbies out there.
I Visit twitter the only thiing i notice is they also trade  XRP well xrp is good coin and  fast transaction compare to btc.

It does work although not always, if you're good at analyzing market chart, you can easily identify or get an idea of when the demand of a coin is about to increase or decrease resulting to movement of price of token. If technical analyzing doesn't work on the cryptocurrency market then the industry isn't ready for welcoming professional traders.

Every market is influence by demand so the cryptocurrency market is not an exception although this market is the less stable so the chances of successfully predicting the movement of the market isn't always gauranted.

A very good list that reminds me of my first days in crypto. The only tiny difference is that I did all the "don't"s and didn't do all the "do"s.  ;D

Good points for any newcomer (if we have any of them these days).

It was a good read indeed, this can be a great help to both newbies and regular traders in time when they forgot about basics of trading.

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It may not be accurate all the time but at least it gives you hint on the next move of the market following the certain condition met on the chart especially if you paired it with FA.



If we learned TA and FA, it is good to know certain groups that gives signals, and follow "professional traders" for the prediction comparison's sake.  It is always best to have other's "brain" on the table.  
I can also  add some and that is not to trade when you're too emotional and drunk.


This will take time to master but it will be fruitful if we do.

Very good ideals of sharing secret of trading which is very very important to a traders know when is time buying and selling for a more profitable in business, hence the article reading is good to upgrade the knowledge of trading platform.

One of the rules is that there is no one 100% successful trader. Anyone sooner or later suffers huge drops in the market. Therefore, do not buy trading lessons from anyone. And also if you invest in large traders, in no case do not count on a stable passive income.

basic rules in trading activity is patience, dicipline and stay away from greed buddy
and people should use a good money management in their trading activity
because the best trading system without all the things above will be nothing
regards