Depend which kind trader its self, for me not have to be full time checking all coin price and analyze which one good and bad coin, for me keep try to buy some coin after have lower price and filled I will use limit sell order and waiting it filled without checking every time. I think is easy but some time waiting more than day by day when entry or selling coin depend with price we want.
Sell stop, buy stop, sell limit and buy limit are very good ways to trade without being on the system all the time and that's very good way not to be a full time trader. You need to have free time even being a trader . The advise using the mentioned techniques is that if you are a day trader, you can deactivate the orders at the end of the day if they didn't trigger off for the trade, that is you can cancel it and wait for another entering position next time and not to allow them rollover to the next day. Day trading present new entering points for entering on a daily basis. You don't need to leave your open orders to the next trading day. |
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Yes, one of the differences is about volatility. Crypto is riskier because of volatility, but the volatility makes a higher chance to gain bigger profits. If someone doesn't want to have a big risk, he prefers to choose forex. But if someone wants to try to gain bigger profits, then it is better to choose crypto trading. Basically, we can deal with the volatility by having sufficient knowledge about crypto, so we know how to manage our coins well. Volatility can be an advantage if we know how to deal with it.
I don't think all the things you said is verifiable about the reason crypto is riskier is because of the volatility but I think it is because it not having a body regulating for it, there are no identifiable news agency for bitcoin. On the last sentence you made, we can't fully know how to deal with cryptocurrency. |
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I'm new to futures trading but not in crypto.
I like to hold coins for long term but right now im interested in futures trading and there is a thing i don't understand and cannot find answer on internet (lol).
Lets say i bought long BTC/USD at $47,000 and if bitcoin goes down like at $42,000 will my open order will be canceled automatically without my permission and lose my money. I know stop limit loss but im not interested at this right now because im always behind my computer. Also... Can you hold open orders like for a year and if it goes up i take alot of profits.. My concern is only if im at loss i don't like to sell and lose but im concerned if my open order will be canceled automatically if not set up limit loss and take loss, i always wait for the price to go up at the same price i bought. English is not my first language if my question is not clear please let me know i'll try to explain below in comments. Thank you.
Hahaha this sounds a typical challenge of a newbie trader on the one side because they don't understand the real dynamics of trading. And on another aspect, it sounds like the challenge of an experienced trader who knows almost everything on trading but decides not to do what is right. Like an experienced trader who is greedy. So you what to have everything? right, no way you can have everything not even in this world. The experience of the world where you don't have everything you need should teach you that's how trade it. You are trading with leverage and when your account is running low, you know your broker has to automatically exit you from the market so not to lose their money because leverage is as a borrowed money to trade and when you are running low of your real money, they take out your borrowed money. Use stoploss to trade, it will safe you many stress and worry in the business, you can't monitor your trade hundred percent because you don't know the next minute direction. If you are losing so much you can stop the trade instead you lose everything. Learn to be pragmatic and professional in trading business. |
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Altcoins that are in top 10 or 20 to 50 may be good for investing on depending on your budget. And altcoins that are listed in a good exchange is also good because it is traded or in a potential space for trade. We have seen some altcoins early this year doing rally, dogecoin included. There is another factor that you can consider, that is utility use of the coin no matter the low price now, it will rise in future.
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The month Of October started on a good grand for Bitcoin as its price raised significantly in the late hour of the 1st of October a move many analysts have predicted to be the full return of the Bitcoin bull market.
Usually the times of the ending of the year is highly volatile so we should expect that the prices may rise. The rates of investors usually also increase because some want to make quick money out of the season and that will push price. The new week of the third quarter began with a sign of bull , trading now is high and new records might be set. |
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New traders always try to eliminate losses and see losses as something bad. My breakthrough in trading came when I started seeing losses as expenses (business expenses). Trading is a business and you should see it that way.
When I follow my strategy and I lose, I see it a the price I have to pay to get it right, because there is no 100% strategy and since I don't know which trade would be a winner or loser, I detach myself from every trade and execute my strategy flawlessly regardly of the outcome.
This is a possible way to trade. With the right mind set as this, you just have to keep making progress and profit at same time. But on the trade that would be winner, you can have an idea of a winning trade if you pay attention to little details. We don't need to enter every market but to be at least 60% sure that it may be good strike. When we don't enter almost every market, we see clearly, wait until we are convinced for a winner and we should remember to always use stoploss. |
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, you can redouble your position over time without risk.
How do you mean with this. Are you saying that a swing trader does not have losses? Then every trader turns swinging the trade. No it that no matter the style of trade whether shorting, longtime, scalper, day trader all make losses and losses is part of trade. A swing trade with stop loss can lose if the trade reverts momentarily to chase out the stoploss. A trade on swing if on wrong trend will be burnt. |
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I think this came out a few years ago as something China has been doing quite a lot to countries (especially in Africa).
I've watched a video explaining this and yes, they're in many places in Africa. In fact, that video that I can no longer found says that the majority of the African countries have Chinese debt. I forgot the only one or few countries that don't have debt on China. And they're doing the same thing in many Asian countries. This is actually a trap for most countries that cannot pay their debts, it's like the newest version of invasion but through debt trap. This is a plot to conquer the Asian countries and China is not staying back from this as a way to show that they also have the capacity to entice and subdue the government of less developed in Asia. Loan and military support are few ways that countries see themselves as inferior to others because hunger has no end if support don't come and these governments are asked to go for loans but with attachment underneath that in the future won't favour the debtors. In the past, it was majorly by dominating the people physically to rule over them but at the time now that has been exchanged to loans, financial and incentive to work or school . |
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There has been strong resistance in the recovery process of Bitcoin as recently Bitcoin tried severally to break the 45k price and that has not been possible after several attempts. I will rather wait to see what this month of October will be for Bitcoin.
In 2017 following from that year's significant bull run, bitcoin had that kind of strength that added to the ATH of that year around December. This year's October especially with speculation of this year ending being good for bitcoin may start from this month. Today as 1st of October has bitcoin price appreciating to $43,000 and either $45,000 can be reached within the week. |
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It is not easy to buy when it is down. I think it requires a lot of determination and knowledge to do it. For someone new to Bitcoin like me, trying to buy when it is down is a great way to learn. I hope the market can give me the results I expect.
I don't understand what you mean by it is not easy to buy when price is down or you are talking regards to feare? Fear is what is all over not only for newbie but despite fear, we need to know the right thing to do incase we meet such situation. It is important to note that the best times to buy a coin is at bear times( which is the drop time). At this time the price goes down to become very cheap and you can buy as many unit that you may not have money to acquire when the price was high. At lower price, you can have more units and that is potential profit at time of sales. |
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What are the things to keep in mind when looking for an online course for trading?
You must first look at the genuity of the tutor, instructor or the medium that you want to go with before you sign up. I mean you first look at the red signs as signal for scam can be noticed in all scam that will happen in future is always evident in the beginning process but we don't start carefully to see them. Pay in money as requested and said initially if it is asked that is moderate, then subsequent request for money should be scrutinized or turn to red signal. Many online shops, telegram etc are scam but look nice in the face level, becareful in your journey to online trading. |
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In many of the previous posts about the trading I had seen so far in which there were some questions about the trading strategies , but this time I had to tell you that following the same strategies won't help you anymore, so you have to make new strategies for yourself and followed them for getting the profit.
Some strategies might still work though as some of them are pretty much generalized so everyone can use it, but you're right that we should create our own strategy so we can get it to our specifications. If you're continuously losing money when your trading, you better evaluate your strategy and see what's making you lose. Yes some of thet the general and conventional strategies can still work but they need some modifications by the individual. You need to monitor the changes and challenges of the present market to the trading plans to know what is not working and that which is working. The times have changed but the indicators still remaining the same, we however need better ways to tackle the market price. All the indicators have parameters and they are there for adjustment. |
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Market analysis can only look at one general direction. You can choose some valuable coins to hold for a long time. Don't choose memes, because novices can't seize opportunities.
Can you also remember that meme coin like doge coin has pumped this year and getting very high to close to a $1. Trading or hodling is like a game that can profit or lose but with more care you can profit. A coin like dogecoin was under valued for a long time 10 years back but it took the opportunity of a pump in price and today most investors hodl it and waiting for another pump. |
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I just have a positive feeling Q4 will be good for crypto, there will be more green than red in the market, am not sure if it will be enough to bring bull run, or enough for btc to hit ath, so far, the market has not dip below 40k so it may be able to stay above 40k and then go upward.
The market is been dragging around $42k and currently at $42,102 . This may be significant that the price has not picked a particular wave of trend to follow. December is still about three months counting from now and most speculation still favouring the bull in the end but I'm not seeing the chart in my own eyes to get a prove of the market direction for the year ending. |
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Trading the market of cryptocurrency is a highly risky , but you can't run away from it as it is very lucrative if you do the right thing. The time for entering is not determinable for example, with bitcoin yesterday was almost same price it was today morning but has gone ahead with extra $1,000 to $43,000. You see entering time is not stable for any cryptocurrency so you can't wait for enternity, you can make your chances at any time. This is the time many have been saying bitcoin will rise or bullish and others have been entering and taking profit. It is left for the individual who is ready to take the market risk at anytime. Only trade softly with smaller risk.
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Thanks a lot, you've been very clear, it's exactly what I wanted to know  This seem like you have sorted yourself out on trying to learn how to thread since the thread is more than a year and no contribution going on since then till it is now revisited.. If you have got your question raised and having good results, you may consider locking this thread up to avoid unnecessary replies and spamming, except you are leaving it open to because you need response then you can say something new that you are facing for direction to you. |
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China is getting more attention because of there hate they express for cryptocurrency but I don't think that it is all about hate but more political to get attention and they are now getting it because everybody is talking, writing and analysing the Chinese economy and cryptocurrency. The replacement of bitcoin has got China developing digital Yuan but this is just centralized because no country would drop theirs totally for digital Yuan except China makes it a condition to trade, exchange and import product from another country with Yuan as the only payment option. I see this can happen with a little more time.
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People have not been able to give me any good enough reason as to why they shouldn’t use stop-loss.
I will let you know that, it is simply because they don't want to lose with stoploss. This is the real reason and it is simple.
People who don’t make use of stop-loss usually say it’s because they don’t want to miss the market quick comeback after a slight down movement which I think is not enough reason for you to not make use of a stop-loss when you’re trading.
This excuse is funny. You can activate stoploss even after you have made trading, you can go back to the order and activate it but the problem is the market volatility can hit that order just immediately you went in .
Unless you’re going to be there watching your trade, if not then you’re meant to be using a stop-loss.
No that is a bad pratice. You may not be fast to executive the stoploss. Sometimes you have network challenges. |
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In any case, we should be ready specially in 2022, if we made profits in 2021 we can take it and then re-evaluate our investment strategy come 2022. There's nothing wrong to have a exit strategy as others have been preaching.
You have any idea or prove to say bitcoin will drop at next year? To my reason nothing is certain about that yet. Bitcoin is taking a new turn since covid-19 chased more people out of work and inside the internet  People have started more investment with that opportunity that looks like opening of eyes and traders getting increased daily. I think price dropping won't be as serious like we speculate for it to go way down. This isn't advise but I'm thinking things may come differently next year against the general thought of fall. |
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I don't expect bitcoin rising volume to be suppressed either because of futures trading. IMO it will rise more because it is other means to trade in bitcoin apart from spot or hodling. Some forex brokers have btc/USD pairs on their platform but it is not activated for trade yet. In this too I think if most forex brokers begin the trading of bitcoin pairs just like binance and other crypto exchanges, the volume will increase and not suppressed.
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