Bitcoin Forum

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

Makes sense but there is no really TA to you method. what do you do if it keeps dipping, or if you bought in the downtrend, you really need to discover that first before buying anything

He is just describing the first rule while trading "Buy low sell high" nothing more, and that's something we all know otherwise you will be in bankrupt. The fact that you can manage your loss by buying more if a dip continues is also well-known. (you also extend the risk period and total amount)

The only downside is that you don't know when the price has reached the bottom price before you go and and purchase and you also have to identify when is the best selling price you need to more and dig yourself with TA to be able to get a good success rate with this strategy.So its important to watch and price and identify the best buying points to at least mitigate the risk. For newbies, its really good to just buy and HODL before you learn how to play with the market.

Yes, If someone is newbie then learn trading with small amount. Do not put your whole amount during learning period.

Yes, this is very basic rule which i tried to explain and never put all money during your learning period. Try with small amount first, once you are expert then play big games. Note : even experts can fail  :D

You are trading intuitively and while that can be possible if you know very well the coin you are trading it is not the best way to do it, a newbie trader in my opinion will get better benefits learning technical analysis because if he begins to trade in the way you are describing he will create some habits that will be difficult to get rid in the future and that will hinder his growth as a trader.

very helpful with me. thank you

These "tricks" you've listed really aren't "tricks", they're pretty much just generic trading advice. Not to mention these "tricks" shouldn't apply to every situation. It hugely depends in many factors.

Just automatically selling after you've seen you've gained profit isn't always the best thing to do. Sometimes it's better to ride out the wave up, wait it out, and sell after a slight dip. Again, it depends on many factors.

If you have $300 left, it isn't preferrable to go all in with the $300 on a certain price point. most of the time it's better to apply Dollar-Cost Averaging[1] all the way down, as there's no way for us to know if your price target is the bottom or not.

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[1] https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Exactly my thoughts, no real method to the madness as such

everything you put forward is a natural thing, because it has all been done by pro and new tranders, which are important in carrying out the world of digital commerce that is anticipating losses that might occur at any time, because the market moves very fast and difficult to predict

It will work till first failure. First coin that will not bounce will zero your porfolio after months of buying more.

Risk that you take in this strategy is similar to hodlers strategy (https://bitcointalk.org/index.php?topic=4456137.msg39881422#msg39881422). 100% of your portfolio. And you have no quarantee that your coin is good even if you did best research because.

I was going to say exactly that, this are not tricks, rather basic guidelines which are very common, and over emphasized.
A trader has to be flexible, especially when handling different currencies. Tricks oe strategies do not apply for every coin or token as they are all unique.
As a trader look for the strategy that works for you and stick to it.

Averaging is not a good idea in trending market as bottom or top is not certain in that case, suppose one started buying BTC at $10k then where should he buy the last lot noone knows, if you are a trader you should have proper plan, suppose at some point you analysis says buy then buy and put a strict SL and TP if SL hits then look for another opportunity, if you are a long term investor then you can buy and leave it for next few years till position comes into a good profit.

Well, in accordance to your statement, you need to learn more about in trading.  Your tips and advise was very basic, this is not only about holding your coins on dip then wait for the best time. You must also know how to read the graph as well then always check the market volume and updates of the coins you are holding.

You took words out of my mouth.  Swing trading is most suitable one for maximizing profits. Trading is difficult,average guys thought that there is no physical activity so there is no such thing called pain. Illusions can make you fool especially  when someone  cant control himself.

I read all comments and yes mentioned one's are basic tricks , i only want to say that do not put all in once.

How to indicate its bottom position, I think here you need to use some indicators like moving average, RSI etc.
The most important thing is choosing where you invest your money.

I very often use this dip strategy as well but I combine this by using the Bollinger bands. If a coin dips and breaks the lower Bollinger than very often it bounces back up right after it broke the band. In this way I book multiple profitable trades on a daily basis. But I also never go Allin in at some point. At some times even if it breaks the Bollinger it keeps dropping. so I also always make sure I have some balance left to pick up some extra spots

I think you're just pertaining to the buy low sell high method which is simply basic in cryptocurrency. It's a basic knowledge not a trading trick.

Buy High, Sell Higherer

Which is why trading is so hard, sometimes the best thing to do is to grab profits as fast as you can but if the circumstances change a little bit then the best thing to do is to not sell your coins and keep holding them and wait until the price raises significantly, this is why trading cannot be learned by just watching a few videos in Youtube with people that are not that good at trading.

Trading is hard when you do not know how to deal things efficiently. The choice of booking profits or continuing with your stash should be decided by your technical analysis but not just due to situations. There are versatile tools and indicators are available which will show you when to book profits and when to keep going. Selling at peak and then buying back is good but for that you need accurate predictions which may not possible all traders as anyone can perform well by experience and making use of what they do learn continuously.

Trading is not about learning alone but experience. Learning is just 30% of preparation and the rest of 70% is on how depth your experience is. Learning from books/videos/other traders and then practicing in demo account is the way I do follow till now even I have been into trading for more than a decade.

Easy to say right?  ;D but when we already bought a coin it will go down. no higherer but in reality it is sell low  ;D. Maybe your theory will work when a coin get pumped, or maybe listed in new market.

This does not look like a great plan to me. Firstly, there is no trick when it comes to trading, the most important thing is to have a good strategy and a plan. As it is, I can only point out 3 things from what the OP have said; buy low, sell high and if you are in loss, be patient (that is a sucked plan!).
 
If you want to trade, trade! And if you want to invest, invest! When it comes to trading, your plan should include what you look at when you are buying, selling or where you should be stopping loss, if a particular trend wants to continue in contrast to what you anticipated. Being a reactionary trader is more like setting yourself on fire and more chances of losing.

Is this what you called a trick? No its not and this is just basically a common way on how to make profits but the question is on how you would able to know if the price is already on the bottom?
Trading isnt really just Buy Low and Sell High thing. It do needs or requires lots of experience,knowledge and analysis before you become profitable.If you do only fix your mindset on this way, it might work
but for sure with this volatile market it can anytime break your expectations.

The tips are good we should carefully research and analysis the investment coin we should pick. Nevertheless, trading much more complicated than that. It does not about keep buying the coin if it's get dumped, and take a profit when it rises. We need to make technical analysts take into consideration. And much more important thing is to control our emotion.

IMO, it's too risky without TA so there is not quick trading on crypto for newbies.
I'm better to tell them to hold it for 1 year and see the profit will increase more than 50% , it's easier trading for cryptocurrency.

Stay sharp guys !

I thought you were mentioned the trick how to pick profitable coins but seems i was wrong about that and the profit from crypto trading is depend on which coins would you hold because some of coins cannot recover the price and became an dead coin and if you pick wrong coins then i'm very sure your method will never working well

There are many tricks to pick a profitable Bitcoin and it's difficult to do a crypto trading to all should hold the coins because also can't recover the some dead to pickup a wrong coins this also a one trick in Bitcoin to do a profitabley .

It's not a strategy or tricks at all. OP just give an example of "buy low sell high" system.

Remeber that altcoins are way more volatile than bitcoin. No way people can just applied the "buy low sell high" system easily without a sweat. Technical analysis won't help too at some of the cases. What people need is to build experienced dealing with the volatility of other alts.


I don't understand what you are trying to point out here.

That is not a trick but a basic rule in trading.

You will need to catch up if you are on the losing side. That is why you are buying more to at least cover up with the losses.
Gain a little profit and somehow do it all over again.
It takes time though.
If you are buying a token that is not yet mainstream then it will be a problem.
Go to tokens that are being sold and bought at large amounts.

Look at the case of Neo. Neo reached  $160, imagine if someone used your strategy, the person would be with reasons to be panic and angry because the price of Neo in the current day is in the $7.


this reminds me in the past: when I bought a coin, hours later the price of the coin fell and I would panic and sell, days later or weeks later the coin would recover and rise. Dude, I got really angry

There are two sides to the story though. I do agree that it's better to stick to that what generates decent volumes and has a listing on various large exchanges, but that could also mean that your buying opportunity is over.

Tokens tend to lose most of their value after them being listed on exchanges because people suddenly have multiple platforms that allow them to unload their bags because they bought in at the very early stage.

Investing in tokens is gambling because no one cares about their utility. The trick is to buy them when no one wants them, and sell when they gain some traction and get rich quick noobs think it's time to enter.

lol that higherer
Anyway, OP just said what is buy low and sell high. And for your complaints, there are lots of coins actually that has the potential to grow in the future, you just have to find and research accordingly to their situation. Holding will work in any situation especially if the market seems to drop most of your investment.

Dollar cost averaging's definitely one of the better tips most people don't realize, as many people just deposit and buy at the same time with all the money they've deposited. This doesn't typically pan out in a bear market where prices could continue to go downwards (e.g from 2017-now), but you can lower your average cost of entry by staggering buy orders by time.

You can also try staggering buy orders by price so you get the coins you want at a certain price. I've been able to buy in at a great price several times just from staggering buy orders at higher and lower prices.

I found its a good strategy, some of my friends suggested the same technique, which is to diversify and got some backup cash to buy again if the price fall down deeper, just a suggestion if you are a newbie buy a famous coin to invest, it doesn't necessarily buy hitcoin you can buy xrp or eth, dont buy ico or cheap alt coin, because it will need time to rise and maybe the price won't rise, follow some trading signal group could be helping you to trade

I find no special tricks above. For me, those tricks are just common strategies for beginners. Also, I don't see you recommend certain coins for newbies to buy. I think you also need to suggest newbies to buy the safest coins for investment. Many people asked about what coins that are recommended to buy for beginners. Personally, I recommend to buy top altcoins.  ;D

Other than suggesting for not going with all our capital, I am also not finding any special tricks but there could be more number of new traders who might be finding these tips most useful for them. Also even we are all aware of such tips, it is always good to have this kind of discussions to recall those strategies so that we can remember while making trading decisions.

OP is suggesting about going for low volume coins but I am also not finding that is a right tip because we cannot expect all the low volume coins will be raising any time soon but most of them will get delisted from exchanges as far as I have seen. It is always good to go with highly reputed/major coins otherwise simply sticking with bitcoin is more than enough tip for beginners. I am also always suggesting to go with top coins because I am honestly doing that alone, I never risk my capital with new or unknown coins.

That is usually what happens to most people who enter the market thinking buying low and selling high is all that it is to a market and that is exactly what the OP described. However, the reality always end up kicking in all the same, and that is when they realize that there is more to trading that just that, which is the reason why the need to have a plan is always necessary. Unfortunately, no one can have a plan when they are ignorant of what they are looking for before entering or exiting a trade which is where it hits them straight on.

It will take a very serious mind for someone to follow this strategy and really makes profits because investing when you at loses is a very hard thing to do.  I have tried this during my forex trading and I do lose heavly . I believe that now should be the right time for us to learn many things about this market.

doing research and the movement of coin prices in the market is indeed very important for a new trader, and I think for beginners too big for example using 900 $ capital, because not necessarily also a beginner with large capital he will get a big profit too, it could be defeat the bigger they will get, so for me for a new trader using 200 $ of capital it is more than enough for them to be able to learn to do their trade.

Why investing when you are at losses is a hard thing ? I don't think so because you are getting another opportunity to buy the same coin comparatively cheaper than your previous entry. You must need to be glad because you are getting better buying average prices at the same time these are all applicable only when you are believing into that coin to be bouncing back at any time. That is the reason you must choose  a coin after heavy researches, so that you can keep on buying at dips.

There will be no right or wrong time for learning. It is a continuous process, you must keep doing it all the time so that you can stay competitive in this heavy volatile markets. If you get bored of learning then you will be thrown out of this market at any time once you become outdated.

Lol. How did you come up with these trading strategies? Like based on what facts  did you establish that this way is profitable? You are telling us to keep holding even if we see that the price is dipping and then to buy more when it has taken enough dip? Isn't it better to sell off your investment when you see that the price is dipping and to buy your investment back when it has dipped enough? Wouldn't that be more profitable?

I don't do anything specially for trading this is the trick I followed for long time because we don't need any tips and tricks that we need definitely and experience in trading otherwise out of it will definitely be very low so make some experience and trade more.

I agreed with what Nahl said because the best trick ever for crypto currencies newbies is picking the right coins but they must not exclude the knowledge of knowing the right time to enter and exit the market. However, I will advice every crypto currency newbies to start by trading bitcoin while to learn more about coins.

This is not really a trading trick. I think most traders apply this way of working anyway. At least I do. Something very crucial is not to put all your eggs in the same basket but to spread over 3-5 different positions in the same coin.
My opinion is that you should change your topic title. Cause even this strategy can be deathly for newbies.

On my advice also mention in your post that people must do a little research first. As you explain it looks like you can do it on every coin. You must at least mention in your post that people must look at the chart of at least the previous 2-4 weeks. Cause for example when they buy a coin in a dip but that coin pumped 50-100% in the previous days or week. So it is very likely it will retrace entirely. So even when entering 3 times the coin can keep dipping and then you get stuck with coins that maybe dont pump in the next days or weeks.

So certainly newbies can be burned in this way. They should always check previous 2-4 week chart what the coin did before, check for some support or resistance levels,.... There is just much more than just buy 3 times into a coin when its dipping.

I am using dip strategy myself but I use this strategy to make fast 0.5-1.5% profits

in my opinion we cannot see based on whether the coin or market is in a dip or not, because in this case our assets involved with the amount of coins on the marketcap can actually be dangerous. it's better if you try to learn technical analysis first, surely to check the pattern of the market that we want. And not buy just based on the current market.

Experience is important in trading,just as you've pointed out,but experience comes with time and how long one has been trading,the longer you trade,the more familiar you are with techniques,methodologies,analysis etc
So for a starter it's best to always cut low on your first investmen,and try to learn and garner knowledge through trading with very little capital,and as time goes on you'll be able to learn more tricks that's needed to be successful in trading on a larger scale

tricks for trading beginners must know the price of coins up and down the price, first I learned to trade by buying coins whose prices declined and selling those coins at high prices, we trade must have an advantage

There will be no special trick for beginners as everything will be working for making profits hence, any strategy or tips is meant for all type of traders. Yes, both beginners and professional traders need to know when the price of bitcoin is going to up and when it is going to down. Knowing these ups and downs is the real challenge of trading and nothing else. It is not that simple, you cannot find these easily. Still, most of the traders are making profits as we do not need an exact up or down price levels but approximate price levels are more than enough to make profits.

He explained that by keep buying at dips. But, he's about having fixed capital hence I'm not sure how he will be managing for a continuous down trend markets. A trading strategy should be based on what we are trading and buying at dips and holding will work for bitcoin if the trader is ready to hold for long term.

Tricks will works if market condition is support our activity, newbies is new person and I think fix their mindset is more important than their strategy. I already try many strategy and momentum method is the best I know but for this one, practice and never do the same mistakes is the key. Let me try your tricks and I hope will success, thank you for your post.

If you are lucky then you will win otherwise it will be not a good idea. Yes, I respect which you are thinking but it's so tough to understand perfect bottom. sometimes you can lose your all investment by that way. I think we should invest more coins than only one coin.

Look like OP new on trading platform. That's basic strategy on crypto trading. However you have remind again but it's not called tricks. You have buy on lower price and sell high price, it's nothing new. According to you buy on dip, it's not bad idea but who know where is the dip? Like you bought few coin on dip, unfortunately that's coin going more dip and you bought again then if its go more dip what you will do. Don't invest only single coin. It might be harmful for you. You can re-buy if you think price going more down. But I am not comfortable to invest only single coin.

Luck plays small role in trading and advices about luck is useless depending on the person.  Trying to catch dip is risky because traders always divide trading positions to levels that contain both min and max prices.  Diversifying is key in portfolio management in order to split risky assets to different financial assets.

These are all common knowledge for trading so beginners are know this fact. So small scale trading is improve the knowledge it is useful for future trading and some peoples are buying the crypto in day trading it will make more profit in short term so it is big risk and highly complex to predict.

Most used trick of newbies - making money disappear.

That’s a good recommendation since good coins can be more profitable if you play it long term. The thing I like with the so called trading tricks is that, don’t invest without proper knowledge and have time to study the market. Newbies should also know how to control emotion, this market is not just amout money but also a place where you can find strong emotion and weak emotion, level yourself with great attitude.

A good strategy for Newbies. buy low and sell high. it has not been that easy especially when you buy in the dip and it keeps going down. it is painful that you have no capital to buy More. also the long wait for the market to raise could be frustrating. No matter what. be patient, do not rush trades.

It depends to newbie if they use it or not. Because newbie sometimes did not follow the expert or have experienced on trading.
Tricks maybe will not effective depends on the situation of the market if it's eligble to use or not.
 
I have also my own tricks and everyone can have their own too like me but make sure you really know how to use it.

Well mate for New users it is not good to apply more coins. First it is the most important step is to gain knowledge and skills and after that you should try multi coins. Traders should be very careful because its about skills and information. Learn the more and invest when you see price is low and you can.

Every person has their own tricks in this field there is no succeeded tricks are available for trading and especially Bitcoin trading will not be find table by anyone it will all about the running flow. be your own mind it will be the right trick.

Yes 3 part trading is a good part of trading. And people should always research before buying. And should choose a coin which is promising. And more newbies are not control their emotion.So should must control emotion.

This is the hard part, when do you know if its the dip or it will continue to drop? it takes a lot of experience in reading charts and graphs to determine one and its very risky. Another is timing and emotion is very important when you buy during the dip. People tends to panic when they see a huge dip already and might sell off when they feel its hopeless.

I believe no one will be able to predict the accurate point of dips and that is the reason experts are always suggesting to go for buying at a regular intervals so that you will never miss the exact dip levels. Yes, we need to buy at regular intervals so that definitely we can catch some dips. It means we should never go for investing all our money in one single shot.

Controlling emotion and waiting for market to cope up, is just a part of basic essentials to get into trading. When we are not ready with this part of emotion control then it should be always better to stay away from trading. Because, we cannot assume when we will be having market to go as per our expectation then it is always good to control our emotions so that waiting for right market will not be a problem.

I also agree with your opinion that knowledge from investing or trading is essential and important. But we should consider that the capital cannot be dropped and lost on lessons. Trading with a number small is still the most practical for new people.

The first rule For Successful Trading is: Never place a trade blindly without doing your own research.

I agree that no one will be able to predict accurate levels of where the market will turn. But, for that reason how we can keep buying all the times given that how much capital an average trader will be having. I mean to say there are a lot of practical problems for implementing this kind of suggestion as no one will be preferring to buy for very small amount every time so we need to check many practical things before going for this kind of ideas like buying at every dips.

This is what has been emphasized in this forum many times like 'every trader must know what they are actually doing while trading'. It means we should not go for trading by believing in to someone else's calls because no one will be taking care of our capital like we will do. If we are strong in our research and analysis, making profits from trading even for newbies will not be a big challenge.

This is a awesome tricks for newbies I definitely welcomed the fact you are putting up some knowledge in them, and in my own add up I will also say to newbies never start a trade if you know you ain't capable to understand the market and also don't start a trade with low capital.

The new people who entered into this field should definitely accept the problem and difficulties are hearing this field if you crossed that problems then you can definitely make some more profit each and every month this is my little opinion for newbie people

Truly isn't easy specially if you don't have courage to risk and you don't love your doing. There is no need to used a hundreds of strategies but 2-3 strategies are good enough as it is effective. You can apply one of them that could fit on the situation and to see if it is working, otherwise you'll used the other one.

Simply buy and hold with the cost you can afford to lose. Crypto is volatile, it might cause you to gain great and lose even more. But knowing its past track, we couLD expect higher price, this time take opportunity to buy as much as you coukd and store it in Hodler wallet which will provide you great security of your assets.

if you're newbie in trading do not put to much money first just start in small amount then learn how to trade to raed candle timing and strategy before invest in big amount.

Good strategy for newbies but always remember that no one can say what will happen for it's price either it's gonna pump or dump. Also starting in trading before newbies will start also remember trading is a risky investment.

$900 isn't something significant to trade, you'd be profitable if you do it on tokens like doge or holo which recently just boost up. You'd get more than a million for such coin and then a slight difference of price you can already sell your position and then buy back again when opportunity knocks. if suddenly pumped, you get a lot of money from it.

The best tips for beginners is that you do not need to chase immediately for a large profit, even 3-5% profit per day, taking into account the complex percentage easily converted into 100% in two weeks, remember this

In my opinion best strategy in trading is to understanding price action of crypto and the trend of market. Knowledge about technical analysis is needed to know the trend of market and to determine support and resistance area. With high volatility of crypto, really hard to know the top price when bull market and where the bottomed when the price downtrend. So make risk management will be the most important things, like use stop loss and trailling stop.

Newbies had not better trading much amount of money.  If we are starting some thing we had better start by small amount. If we study about trading and sites of trading is valuable thing for newbies. There are many sites and forems for trading ideas and discussions. We can use those for study. By using small amount we can use various types of trading sites. We shoud consider about trading and transaction fees

Trading is not very simple for those traders all strategies they know can't work because of the situation in the market it shows that every minute your 1000$ money will loss in just one click if the price dumps.

Thank you OP for the 3 steps trading, it consists of the trading basic and should be helpful for newbie starting out. For step 3, I think it is the most difficult thing to do. Since we won’t know how low the price will go to.

You do not need any strategy when you will be trading in long term basis. A trading does not need to be technical strategy based but it can be fundamental strategy based too. Yes, for long term based trading, you just need to be sure about the fundamentals of one coin for long term holding. This way you never need to worry on your $1000 or even bigger capital to be dumped. Because even it got dumped, it will recover over the time.

This is the reason why I never consider any tricks because most of them are all not at all practically possible one. Even people suggesting them are well aware of that, going for suggesting it by assuming like it will be possible for all the people. But, practically it is not like that.

As you said research before you invest. This is the major thing and has two different categories in which research needs to be done.
1. Fundamental Analysis.
2. Technical Analysis.

Fundamental Analysis: is about analyzing any assets/companies fundamentals like annual reports, quarterly performance etc given a financial year.
I prefer https://coinswitch.co/news/ as they keep updating all news and current price prediction.

Technical Analysis: is about reading the price charts (graph) of the asset, understanding the masses behavior and psychology etc (the purpose of technical analysis)
I prefer TradingView for plotting my strategies and there you can also follow good traders so that you can have there prediction for comparison.

PMO Office ke think trading tricks will be very useful for lots of people to make a open their trading because without doing the trading with any strategies are any tricks will not be give a good confident in you but having some strategies will always very helpful for all of us to make a conference in US when the confidence will comes to our mind then automatically we can earn lots of profit.

Unless something unexpected happens there is no chance to increase price more than 5 percent in normal markets. Market makers know the truth and they usually multiply the spread  difference between bid and ask rates before such events. I traded red news which works effectively on flat markets so if there is a trend news can't change main direction. Keep that in mind next time.

It's a basic trading rule of making profits and balancing your loss but atleast, it's a pretty good starting point for newbies. But always brace up for uncertainties in the market.

In other words, market experts explain the same like "fundamental will win at the end". Still, we cannot ignore the trend news as it may shake the fundamentals too based on how "impactful" it will be. I guess you too never recommend the newbie traders to go for trading during news hours as I always hate that kind of trading. We may recommend long term trading style to beginners so that they can find assure benefits for less efforts.

Beginner in trading must go for studying different strategies and among many strategies they must not consider the high risk ones.

In trading, all open potition will never going to profit and  according our analysis but some trade can be wrong, and when open potition wrong we have to cut the loss by use stop loss. So for newbie trader always learn first about risk management because this thing is the most important thing.

trick? which do you call a trick?
this is a general rule in trading, without using an analyst you only recommend buying when the price reaches the bottom. and wishful thinking to sell it when prices rise again.
everyone who has never traded crypto currency will definitely do what you suggest when they trade for the first time.

Tricky part is when do we know that its the dip. What if the price continue to dive and yet you bought a coin at a price that is going down. They say using the tool like Bollinger Bands helps you decide or determine if the price will continue or momentum will stop. I guess its better if we study the use of such tool to help us decide when to sell and buy at the right time.

I think the world of trading has nothing to call a trick, everything is a good and right way of trading, everyone knows to buy it should be when the price is cheap, when you buy at an expensive price it will only make you lose because you will definitely be stuck at the price expensive.

According to me, the most important thing to do is to avoid mistakes, especially simple ones.

Take these steps into consider

Only Invest What You Can Afford To Lose
Diversify: Never Put All Your Eggs In One Basket
Don’t Try To Make Profit In Every Trade
Don’t Be Too Greedy
Don’t Have Fear Of Missing Out (FOMO)
Maximize Your Winning Trades
Always Learn From Your Trading Mistakes
Minimize Your Losses And Set Stop Losses
Reduce Emotions And Stay With Your Strategy
Sell The News And Buy The Rumors

Read the complete article How to Avoid Cryptocurrency Trading Mistakes (https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/)

Do you follow this tips yourself?
I'm on the side of orders when you pick your own numbers for sell and buy. I usually chose such number by weekly bitcoin's movement, do not set something too big or too small. This strategy helps me to have small but regular income.

you're right, there are no tricks in an online trade, except volume manipulation. in this case, nothing is better than learning. well, experience is the best for this. even a person who is proficient in trading cannot find a trick for this, unless he is really paying attention to the news, or new information, and chart predictions.

Newbies need to learn all the lessons for trading not in tricks? We don't have that in trading because all of traders need to focus what the price release so there's no magic ng trading. ???

Newbies can try this method with low budget. I think it will be dangerous for the newbies if they start with high budget. Because there is a chance to lose capital if they choice dead/inactive project for trading.

The best trick for a novice, is NOT to OPERATE, the best way is to operate once you have done with virtual accounts of fictional money in the Exchanges, and have read a few books, the rest will lose money.

Great tips. But doesn't work all the time especially in situations where the market goes down and then keeps going southwards. In such cases, You'll esrn up with even more losses. However, Those are great tips. It would work a lot better if the market was in a bull market trend. Otherwise, It's bad for this market. Very bad.

As we see that the market is in bad condition so it's hard to predict prices and there's no tricks to earn on trading because we need to work on it regularly.

Learned from my mistake in trading,  firstly we have to understand how to use stop loss and trailling stop in crypto exchange because this is the most important to cut the loss from wrong trade and to lock profit when the price going up. Buy only 2 different coin at the sametines to make easy to handle it.

That tricks can works properly for every trader because they split their buy order into 3 positions especially if the price still down deeper. But if the price is not down and only increase, then you need to sell your first buy order and take your profit, and then you wait for a dip again. When you can rinse and repeat that tricks, you can make a nice profit and if you can do that in every day, your profit will bigger, and of course, your balance will become bigger too.

That is just a basic tips. How can an investor or a trader know if it is already a dip price? What are there basis? You never mentioned any technical analysis that can be possibly use in trading. There are already an app like trading view wherein you can already know if that particular coin is worth to buy or not. Buy low Sell high is always the best tip to do.

This works well and is probably the easiest way to make consistent profits from cryptocurrency trading. It doesn't matter how much you invest so long as it is not a tiny amount.
You have to be a day trader for this to work really well.

If we look at the method in the OP then it is an investment for the long term, because he is even willing to wait longer to buy which means he will hold it for an unpredictable time, because he will only wait until the market is pumped to get more profit well. Day trading is a fast activity that at least traders are familiar with the market situation that occurs.

we cant know where the bottom of the dip , i think if u'r really newbie on this , better use 100$ instead of 300$ for method , that mean you can buy 8/9 x for more dip if needed

using 30% of the initial capital you have to trade will be better for the newbie, newbies should not think of big profits. because for them the experience must take precedence and using 30% can be the best and make it an experience for trading. new if you have a large profit and master the experience can continue to increase capital

This is true but as a trader we need to predict what price is the dip.

When bitcoin reach $20,00 and fall to $10,000, some traders think it has hit the dip already, but it still fall to $5000 and they again think it's the dip.

There is no certainly here that's why we need to manage our funds properly, everyone can create their own strategy but we should believe on our decision as the market is very unpredictable, there's an increase of bitcoin now, and we thought it will go higher, but we don't really know, what helps us decide is purely based on our analysis watching market price history and possibilities in the future.



Anyone can use any amount as long as he can afford to lose a certain amount, but newbie does not have to be aggressive as it's a long journey.
Start with a small amount that you are comfortable, so even if you are wrong, you can move on easily and enhance your strategy.

I think 30% is a logical number, at least we have to have reserve capital to anticipate markets if that are not suitable with analysis. so we learn to survive first. for the first time I suggest choosing the safest coins to trade

I think for new trading it is difficult to determine the right time to buy coins at a lower price, my advice might be for new traders to be able to learn good and correct trading methods in some media, if you don't want to learn then you just need to control the patience You have not to sell at cheap prices.

Identifying when the market has reached the bottom for one to buy at a cheaper price is the most difficult aspect of trading in crypto currency this is because anything can happen and if one can identify that aspect then such a person should not be referred to as a newbie in crypto currency trading market but rather an expert trader.

"Buy High, Sell Higher" This is not a trick, this is only a trade law, you should know what is meant by the OP.
the OP should try to analyze the movement of an altcoin price to be able to learn the trade in profitable crypto currencies

At the start of my trading I didn't know how stoploss worked but later I realized that using stoploss is a must for trading these days. Without stoploss its always risky to trade as bitcoin pump or dump makes the altcoin dump badly.

The tricks that we followed is very very important because without any strategy or tricks we cannot move forward in a proper way the chain saying go with proper trick it will helpful for you to get successful very quickly and easily.

there is a saturation period where coins have very low volumes with almost stable average movements, we can see at 4h/1d /4d and beginners can see patterns from previous days, if there is little movement and return to lower as often as possible, that's where it can be analyzed as a base price and can be bought for further capital, no need to buy back for the previous order.

However, many of the coins that don't move much are shitcoins. They don't go upward direction even there is a bull market. So the number may only works several times. If a newbie want to enter in the market. He should anticipate all the top 100 CMC coins and buy it during bear season. After that, he needs to wait for the bull run to come.

accumulate our coins that included in top 100 cmc.it have high possibility rise following bitcoin price in near future.maybe at this time still bitcoin season , but when btc price make correction  alt season will coming to us.buy it before this moment happen.

I would also advise you not to buy one coin. It is necessary to distribute the risks. Select for yourself several projects, invest in them. Some will give a profit, and some losses

I found this analysis by "Monfex". They suggest  "If the price falls close to the support from $9,400 - $9,300 BUY at $9,300 and SELL at $9,650" what you guys think?

The most important advice for newbie trader is don't be Greedy.
You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."

Like they will hear, eve professional traders when it comes to greed are still guilty of this, just that the level of their own greed is not as much as that of newbies, no matter how much you shout it loud, greed cannot naturally leave traders just by hearing, except they practice it, it backfires for them, and then they learn from their mistake, that is when they too can understand what greed is all about and how bad it can destroy a trade when applied to it.

Anyway, the little advice you have here is way to go for those that would listen, because this is one of the things that is needed to out in place for any trader to really be successful in their trading. Trading is really not as difficult as many people think, it is just the inability to manage the risk in it that makes it look quite too difficult.

My personal rule in trading is  don't be too greedy because it can minimize your ptofit! The best option is to do market research and calculate the best time for enter and exit point.

I suggest for newbie trader must know about average. You should spent maximal 30% from ur modal. And the left money for buying on low price.

For newbies on trading, it was best to spend your time first on reading about the basic knowledge you should have to start trading.

First, trading is the quickest way to earn big profits, wow, you get excited. Second, it was also the fastest way to get bankrupt.

In my own opinion, after you have learned about trading basis, you should study to control your emotion.

Yes when it comes to real stuff, applying the written tricks and strategies are a bit tough. It works only when you are in the market for some time and you have the experience that is required for you to make things happen. You can work confidently with crypto if you are able to formulate strategies according to the market signals. So theoretical stuff is good for guidance.

Trading is not for everyone and they are some people no matter how they learned the trade it will still be ending in loses. Trading is good if you are making profits and it is bad if you are making loses but it is not ought to be so! We are facing many problems today in trading because of greed and impatience. The most knowledgeable and skillful traders can still lose if they lack patience. Newbies can make profits if he can buy low and be patient enough until price gained.

Not only for newbies but even with the rest of the traders here the strategy of buy low and sell high will definitely work.But trading isn't that easy especially if you are still a newbie.What you learned from all your reading resources may not turned out well when you apply it in real trading.So just keep on learning and always have patience to embrace new lessons in trading.

The fastest and easiest way to succeed in trading is just to learn and develop your own personal strategy and skill, if you can develop your strategy and skill, then it would be easy for anyone to easilytrade without having to rely on those tricks. I don’t even like tricks same as I don’t like signals because they end up killing the growth of such user in learning how to trade.

Any one that wishes to trade really need to master such trade environment first and know everything about, it is only lazy set of people that usually look for tricks ad signals, I have seen so many people that are even working and even with their work, they still trade using technical and fundamental analysis, and I asked how they even manage to gather such training and experience with their work.

Yes, this is a good strategy, but it is difficult to guess the right time to buy. The price can go even lower and then your funds will be frozen and you will have to wait some more time to sell the coin with a profit. Well, the main thing is not to be greedy and do not miss the moment of sale.

I guessed that the OP might have put an improper wording onto his post because what he is talking about is not some kind of tips and tricks that isn't useful its actually a strategy that a lot of traders use to maximize their current capital and its called shorting. In shorting people estimate where the prices will fall and sell near it so as before the prices will drop they can profit from it on its current high and after that when the prices have bottomed out that is when they will start buying again at a cheaper price which means they'll only get a bigger amount without adding more cash onto their trades where they will profit from it in another bull run.

reading books for newbies is much recommended but many wont do it they want short cuts and to make money , even i read many books there they explain problems and situations  correctly in a proper way but reading a single line tricks will be effective

Reading in general is essential, the more one reads the more that person is in the know and the more confidence such person has when trading.

Reading everything that comes your way as pertaining to your area of interest is one habit that guarantees success.
Read threads on the forum, read books, cryptocurrency journals, trading methods and what have you, just keep reading till you no longer exist, the individual who reads most is mostly the most knowledgeable and more likely the one the market would favor.

You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it.

Reading is good in all aspects, but without practice, the knowledge will not work. Only trading (for the newbies, the sums can be small) will give you the best understanding of the market. You can make mistakes, but these will be YOUR lessons to pay attention to them. When you read about somebody's experience and mistakes, you do not care about it much and miss information.

I heard an urgent need that I also experienced when I needed money but the market price did not support so making a loss sale was something I really hated but a forceful situation could only stroke my chest, because it destroyed the strategy I had taken to hold back when the market price dropped

On point 3, how do you suggest when is the "best time" to buy more?

Also, what do you do if you finish up buying 3 times but it keeps on dipping :) ?

 ??? You have asked a very good question. One challenge that we traders have is that we don't seem to watch or take care of the sudden cases of when our plan to profit comes crashing to losses.

Keep an eye on market on daily basis, keep in touch with crypto news channel. The best time to buy altcoins or bitcoins is when bitcoin market is down. When the market is down list some coins which has potential to grow and wait for the right time! It all depends on your research and luck definitely!!

Honestly speaking, the best thing for us to do is to learn well and execute what we learned, as it’s kind of stuff to lead us to positive results. If we suggest others short cuts or tricks, it could work temporary but in longer run it will not be beneficial for anyone at all. So this is the reason why I am absolutely for getting proper Crypto Knowledge (https://cryptolinks.com/crypto-guides-and-courses-know-how-info), as it is then the way we will be able to get the results we want to get and that consistently as well.

There are some cases where you end up becoming a long term trader without you knowing even if you entered the market as a short term trader, I have been in some situation where I place a buy order at a particular value and I expect some movement no matter how little so I can take my little profit, but instead if the market moving up at all, it end up going down the more.

So most of the times, I have to wait without using stop loss, till the market recovers for me to continue from that spot, but meanwhile, it is not that I am quitting the market then, as the market dip, then I still trade by buying some new coin at that point to take advantage of the current fluctuation by then, so to me, it is not as risky as you think, it is juts the strategy that works from people.

that is the normal strategy of any trader. you sell high and buy low. you should also know how to do technical analysis because it matters alot in trading. the basic steps are needed and emotional reactions which faces any trader must be curtailed. you can't be a pro in trading if you failed to deal with some certain ideologies of treading.  whether you are new or old.

I trade with small capital, I think it's too big for beginners.
50 $ is enough for a beginner, this is needed to avoid greater losses. after several parts are understood and get profit there is a right time to add more capital.

There is no tricks in trading, you trade for profit, you decide when to buy, when to sell, where is the trick in that? Finding the right time for one of this two actions is not a trick, it`s matter of research and your analytic skills. Trick is not even in the right coin, you can trade with any coin, most of them fluctuate a lot, just some coins need more time for recover, others do that faster.
Being patient is not a trick, it`s how you build strong character, and in trading sometimes it`s better to wait for a while than to rush into stupid trades and lose money.

I think because everything has been done by pro and new tram riders, which is important in running the world of digital trading that anticipates losses that may occur at any time, because the market is moving so fast and unpredictable, for beginners like me it is very important to learn a lot about things this...

I guess the trick is about you can analyze each coin at the market, and if you can found more than 3 potential coins, then I think you found a hidden gem that will give you a big profit. But with the situations of the market today, I guess that you will feel difficult to find the right coin to trade because sometimes the market tricks us and make us buy the wrong coins. We need to analyze deeper for each coin to find that hidden gem so we can buy the coin at a low price, which is not many of the altcoins can be the right coins.

The only trick that I can associate to trading is simply strategy, that is the main key to having a successful trade and also following the rules of trading such as not being greedy, leveraging reasonably, but for strategy, we must be able to have a very strong technical skill and be able to analyses charts t the fullest, if we are able to analyze chart, then we will be able to always successful study the direction of any coin that has volume and has real use case.   

I actually agree with you that there is no trick because trick only works for markets that you can crack and can individually manipulate, but trading cannot be manipulated, it is the result of what you trade that you get, so trick actually has not meaning in this regards but your skills alone does.

To make it simple, price is dropping you are buying, bitcoin price always bounce back and make new top. When it goes up you are selling. You don`t need to make any analyses, you don`t need to follow rules, you need to set up order for buying or selling and just wait for it to happen. And if you are not greedy with your buy/sell order than your orders will be executed in some time for sure.
Everyone should have some strategy, I always advise people to make their own. Read what others have to say, but in the end do what you think it`s the best, and keep it simple!

I don’t think there is any rocket science when it comes to trading. I won’t really call this as a trick but more of a way to work. I use Trading Tool (https://cryptolinks.com/cryptocurrency-trading-tools), which is more than enough to help with getting results in my favor. If we try to do anything unnecessarily, it’s just meant to trouble us to no end. So this is where it’s such a vital part for one to focus on getting these things worked right to benefit from.

Another thing to be considered is the volatility of the cryptos.

If you are a trader, better look out for the sudden price changes since if you do not know about that and you just dive head first, you will regret that and you might even blame Bitcoin for that. Also, not because it is volatile means it has a higher possibility of earning quickly, it dont work like that. It has its risks and if you are not ready to take risks, better not invest or trade.

I don't think there are tricks that will help you to become successful trader, Bitcoin is not an easy money like some think. But there are some rules you need to follow. Buy low and sell high, be always present on the market and don't expect unreal profit, be always prepared for dump and don't invest more than you can afford to lose.

Well, there are some tips that may help you to trade better and get more profit. Sure, nothing can replace research and practice, but some it doesn't mean that you can't use some tools that make it easier. And actually, there is one tool that may help you in doing your homework. Not so long ago I discovered CEX Info Bot, https://t.me/CexIoInfoBot, and find it a good instrument that monitors the situation on the market and how coins price is changing. I think it may serve as a good assistant while researching, and both a signal of when it's time (and when it is not) to enter the market.