Bitcoin Forum

Hello, in this topic I would like to help not only beginners, but also ordinary people who are interested in cryptocurrency trading to share their knowledge in this area. We will tell each other who uses what and what knowledge is required for market analysis ?

 There are 10 professional rules for perfect trading recommended by professional.
 1. Always have a trading plan 2. Avoid overtrading 3. Don't get unnerved by losses 4. Try to capture the large market moves 5. Always keeps learning 6. Always be alert to opportunities for making some money with less risky strategies as well 6. Always be alert to opportunities for making some money with less risky strategies as well 8. Never blame the market for your reverses 9. Keep a cushion 10. Understand that there is no holy grail in the market.

These are my rules when trading
- have an entry point
- know when to exit
- set a profit target( 5-10% )
- Never chase a rising market
- do not trade with emotion
- be very patient
- always set ur stop loss 5% below cost price.

Only invest what you can lose.
Always pay attention to Bitcoin.
Never put all your eggs in one basket. Diversify.
Don’t be greedy.
Don’t invest blindy.
Don’t FOMO.
Categorize your investments and look at the long picture.
Always learn from your mistakes.
If you are doing any active trading, set stop losses.

I think the bitcoin trading strategy is to buy when it's cheap and sell when it's expensive.

they speculate about trading, but forget one thing. all you need here is patience. that's my personal opinion. wait! Wait! HODL sell  :D

There are lots of topic already about trading fundamentals.

Anyways this thread suits here:  Trading Discussion (https://bitcointalk.org/index.php?board=8.0) . You may see some discussions there too with the same idea that might be interested to you.

You can moved the thread by hitting the Move Topic at the lower left of the page.

Here is what I have learned. Technical analysis is a synonym for Bull-Shit. There is no way to do meaningfull analysis in an economy that is largely hidden.

Some of my tactics when doing trading:

1. Don't FOMO
2. Know when to enter and exist a trade
3. Be very vigilant, watchful and attentive to what bitcoin is saying at that particular time
4. Don't be moved by emotions
4. Choose a right exchanger
5. Don't be too greedy on making profit
5. Be contended with little profits
6. Don't invest all your capital in just one coin

I quite agree with you on the technical analysis of a thing. The best thing I've always applied while trading are:

✓ Get in early
✓ Don't chase a pump
✓ Resist FOMO
✓ Maintain very few digital currencies at a time

And the most important of it all INVEST WHAT YOU CAN AFFORD TO LOSE.

Reduce your loss as early as possible is the sure way to stay in trading for long. Having a perfect trade is to use a good risk reward ratio with a good money management rules.

To start trading cryptocurrency full time I would recommend babypips college online to learn technical analysis. Investopedia and some sort of sites also help in stock and crypto analysis. The better you learn the more profit you make and the more you see opportunities.

I know that everyone must be want to do a perfect trading so we can only gain, not loss. But the perfect trading maybe not exist in cryptocurrency.
As you can see, the crypto value is too volatile. You will hard to predict the price in the market.
But aside from that, you can use the volatility of crypto to gain more profit from it.

This is a time for trading

This is my strategy, buy ICO bounty tokens on Forkdelta, then sell them them x2,3,4,5,6 on exchange when the project is listed. = PROFIT  ;D

First take aside the money that you are comfortable in completing losing it. (Do no trade by taking loan or money that you might need to pay upcoming bills). Divide this money in 3 parts . Invest the first part in some 5 good projects or you can take 5 top coin from top 20 list if you do not want to dedicate yourself in research. Now put second part for the same coins but target to buy in 10% discount from the first purchase.  Now put your third part as reserve and to use it when you believe that coin has now tanked and cannot go further. Make sure to make some profit guidelines like 10% profit, you will sell that coin and invest in other coin that look like trading in bottom.

But if you reached the state where coins have tanked below your lowest expectation and you have used the third part of money too then in fourth step you need to pray the god "Oh God! Please help me get my investment back, I am not going to trade again " and simultaneously you need to tell the world that you are "HODLING".

I think you need to create a thread regarding this. This is an interesting topic and I'm sure that many people here will be grateful for such information.

Hello, on such principles, I believe that a lot does not earn and it is used only by beginners who then drain their money, the market can grow during the week changing its trend and giving at the same time 40% or more percent, bitcoin poc throughout 2017 with periodic corrections, a 2018 year, the year of regulation and since the status of the crypto currency was unknown at the moment to think logically that this whole erection on the market was expected, that's just understand it all when everything has fallen.
Doesn't anyone use services, indicators and other tools ?

What services? those premiums that are saying you'll be the first to receive insiders on what will be the possible update for this week? If that's what you are asking, never and never will be.

I haven't used indicators and tools as well.

Perfect trading as the subject line is it clearly means whenever you trade what is a perfect trade. Well anything where you buy low and sell high it becomes a perfect trade. Now for some earning 1$ may be a good thing and for other earning 10 or 100$ may vary but finally the simple thumb rule remains the same.

By utilizing fundamental analysis, bitcoin traders can get the true value of cryptocurrency and get a better understanding of whether this is the right time to buy or sell.

However, some analysts also criticize fundamental analysis, relying on too much fundamental analysis, without using technical analysis, can cause traders to buy or sell at less than ideal times, they said.

To manage this risk, bitcoin traders can combine fundamental analysis with technical analysis. For example, a fundamental analyst might see several demand indicators, conclude that bitcoin is underbought, and then utilize technical analysis by reading the graph to find the best entry point.

you author of this topic should start telling this first :P
its how it works, i would trade with trading bot only probably because its less about emotions more about mathematics