Copy trading with 20 and you are expecting 10x returns with the strategies derived from someone who is doing with millions and getting hundreds or thousands in returns? If yes then probably it will take few decades to achieve the returns based on my mathematical knowledge so better avoid all those fancy words around you just focus on spot trading.
I'm not a fan of copy trading but despite that in whatever investment or trading adventure we want to do, gradual increase of capital is better than taking a full length of risk for big profit. If you take the high risk and you lose all, you are at another starting put, it is better being gradual for you to get there for the bigger risk. Apart from copy trading, making of orders should be with gradual steps so you also have time to learn through the time of low risk investment, development and management and the time of high risk and management. |
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Actually investing will automatically improve and help the country's economy, for example if we open a cafe there will be many things involved such as workers, raw materials, distribution, and so on, effective investments are those that are directly related to consumption and production.
I think internet cafe business is now outdated with the outburst of Android and other sophisticated phones available people can seat at their comfort to sort their communication challenges so that is not longer a lucrative investment but to invest in production is always better. Any business whose final end is consumption is highly lucrative and things like food or related to food is going to increase the profit of the owner so investment in agriculture is one area for good investment. |
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What I do know about these mentioned meme coins is that they will rise with bitcoin and altcoins. Yes they have huge community and that is a big positive factor. The community buy it because they pump spontaneously for profit on a short time. It is either to take the risk of buying now or let the chance go.
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Some people are very skeptical about that but they soon come back and used them knowing how it affects our decision-making and of course, it was highly recommended when doing this.
I won't say we need them all, just choose the tool that we think can help us a lot. And we keep in mind that this never assure everything to be fine, it still need hard works.
Like some people don't like the idea of stop loss but at the end they will come back to make use of it. Just as said all tools may not work though but we have to research on the type which work for us. I used trialing stop at a time but I realized it is better with a volatile market. From time to time we can do a review of our indicators and see what we can change or upgrade within them especially if we are experiencing losses. |
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Bear market is good for bagging of coins.
Yeah I think bear time is better utilized for more investment. This is usually the time that many decide to sell but a wise trader holds back that urge of dumping and running away from the market at that time. Bear market is not for selling but time to restock for bull sells in the future. Hodling for longer time is more profitable especially with bitcoin. |
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The chart on Imgur only looked like RSI or MA and therefore it won't be easy to trace to a particular thing you are trying to explain, no arrow or other indicators to direct to your focus. Well I clicked because it is Imgur but you can as well put out the chart here instead of people clicking on the link because there is no proper information there. Edited: Oh you right on your rank for now.  |
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The fiat currency is not advisable to hold for investment because the policies of government do affect it, afterall it is a centralised currency. Dollar may be appreciating against different currencies including euro but that doesn't mean it will be that stable for the long time. Buying decentralised currency like bitcoin is advised, no individual currency have effect on it.
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Trading still stands as more critical and more research driven than gambling. The only gambling game that can be said to have research is soccer and real physical games like basket and field games. Games in casino and fictional games are not based on research.
Trading also has professionals that can predict with chart and indicators and whether it takes longer time or not it obeys into the technical analysis. Trading is not a game and not based on chance. If you are trading and losing and with what you see in your chart as you monitor the price action, spikes and candles, the price can revert your losing trade into profit.
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Futures trading is considered a very risky activity and should not be pursued as a full-time profession. That's a bad idea.
Most newbies think that doing futures or leveraged trading is a ticket to become a millionaire quickly. They think it's easy profit because of the leverage making your small capital earn huge. They didn't experience a loss yet that will make them realize their mistake and trading futures should not be considered a full time job. Even experienced traders don't recommend to do it because they know how risky it is. Apart that to say trading is lucrative when you get it right but no man does just one kind of job and become rich, you can feed yourself but not the extent of becoming rich with just one income. As a trader it is needed that you also try to make living from other means . Trading is not always profitable so you can survive during the time of bad trade from other means of diversify income. |
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Understanding support and resistance comes with experience. I think I can add what I observe about it to what other responses have said too.
1. It can be broken
2. I understand that if support is broken, it becomes the resistance level and vice versa.
3. It is stronger in longtime
4. If a trend is formed, support or resistance doesn't stand on the way.
5. It is better monitored with other indicators. Trading with just support and resistance will not give a good understanding of market direction. You can combine with RSI to indicate overbought and oversold.
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Maybe I would have thought the end of July the bitcoin price would close at around $18K, but who knows?
$18k is still a bear price for the end of the month, it may still go further down by the day since it is still the trend. The price today seem a little stable and better, no high fluctuations. The range is oversold from RSI but I think the market is taking some time to begin uncertainty and the rush for buy will take price up back. |
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What is the best strategy to avoid liquidations?
Important but no best way except you follow professional way to trade. 1. Use stop loss 2. Use moderate leverage 1:1 or 1:2 3. Don't over trade 4. Control your emotions. However copy trading isn't best way to trade. You will be better taking risk to learn yourself. |
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If it worked 100% of the time, nobody would work. Everybody would just trade. You only use indicators to get some confirmation but you need other signals whether to buy or sell. You can’t just rely on a signal indicator. A better indicator is trend. And maybe general sentiment.
Of course indicators are based on your interpretation to make them work for you true. The trend tracing and other things concerning the analysis of market is still under indicators. The indicator that you have and analyse maybe different from another's own but they are all indicators to help you on winning the market. Therefore based on the indicators they are 100% IMO but depending on your analysis of it and that makes it below depending on the ability. Although I'm sure no body can give 100% analysis of the market continuously and some reason are uncertainty and fear. |
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I've noticed a trend among many users in this campaign which I am not too pleased with. It's about making all of your posts in 1 or 2 days and then not writing a single post on this forum for the other 4-5-6 days of each week. Considering that we lowered the posting requirement I am not too happy to see this development, I get that it's Summer and all right now but please try and spread out your posts more over the week.
I join my voice on this to say posters should be reasonable and not to take the reduction of posts for the week for granted. Completing of posts within 2 days isn't reasonable. We should not take advantage of roobet and Hhampus. |
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For the purpose of discussion. Owing to the complexity and how confusing indicators could be, which would you rather advise for a newbie to place much focus on between the Market (trading without indicators), and the Indicators, and why?
Not trading with indicators is more confusing than you think, you can't trade the market without indicators. Indicators are your guide whether a newbie or an experienced trader. Learning indicators is important, if a newbie is having confusion using a particular indicator it is better to change it and use indicators you can understand. The advise is that indicators are very important to trade |
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Signature was a way for the promotion purpose and it has nothing to do to increase your knowledge or something like this, if you are wishing to get additional money from there and you can but again you must not expect to get a huge income from there. The fact that if signature campaign will be offering you salary to promote the project. It will not give you any knowledge but you must have knowledge to be able to participate on signature.
Very good way to respond to op request. Meanwhile I think he should take this to meta board or better to beginners and help section. Signature campaign don't teach you the knowledge of cryptocurrency or bitcoin but you should have knowledge to be able to qualify with your rank. You need to concentrate on the knowledge now as a newbie and you can get some nerit that will grow your account to a level that you can apply to signature campaign and recently few signature campaign accept full member ranks, it is recently with senior member, so work hard if you want to earn btc but bounty is there for lower ranks. |
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This has been discussed at the price of below $20k, and the oversold scenario changes significantly as we’ve seen a small pump with a huge volume, this might be a confirmation that we already bottomed out. The next scenario is to keep on pumping and break the resistance level. If we failed again, most probably this analysis will start over again. We should see those consistent small pumping, that can be a big game changer.
I think we had a little pump of that yesterday when the price jumped to around above $22k but today dropped back. Well we never know where the buttom is yet but probably the momentum for bear volatility could be cooling down. Hopefully this week may have more bull volatility if the overbought is anything to work with. |
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Binance should do the needful to obey the rules and regulations of the Philippines. If they are required to have a license to be able to operate then they need to have that for the country to know they are fully operational and cooperating with them. Usually countries would require companies operating under their system to obey to what they are doing and not having their parallel system.
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Scalping in that very short period of timeframe requires a lot of analysation and good decision making. You need to have fast internet to cope up with the sudden price change and end your trade when you hit the price you want. I don't put stop loss when I'm scalping since it is a quick trade only. I always pick coins that has high volatility like Bitcoin because that's where your profit are.
Don't scalp tokens that has a low volatility because you'll get frustrated about your gains in that 5mins timeframe.
I think the strategy op is trying to use may be consumed by volatility. Like you said scalping is a very fast and vigilant trading strategy that makes easier by stable network so that your order don't run beyond time expected or profit taking. Exchanges set fees for the orders, it depends on you on how many times you want to approach the market if you don't want your order to run long time. |
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That's the thing I'm struggling with, I actually want to put in more money. But I just can't afford to, I want to maximize on the buying opportunities but I know that's the FOMO creeping in, and I'll just have to stay patient.
Do not allow pressure set in for you in your investment. Always try to take your time and go gradually to accumulate and while doing that select possible coins that will rise in the next bitcoin bull when halving come. Investment in bitcoin is most secured but you also can pick in the midst of top coin in cmc or coingecko. Invest what you can take the risk. |
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