We have different trading styles. What indicators have you used? Seems I cant see the name of your indicators in the video.
Also, stop loss should not be forget to incorporate everytime you enter your trade. Like today that market crashed unexpectedly again and if ever you did a buy entry then you'll be deficit and will be liquidated. Anyway, appreciate the video. There are some ideas that Ive learned after watching it.
the thing to remember is that indicators do give us signals for trading, but we also have to understand the weaknesses of these indicators. because not all signals given by the indicator will always be correct. I am talking about this for all indicators, all of which have their respective strengths and weaknesses. therefore we must always increase trading activity to be more experienced |
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Hodling is risk free though, OP probably has a little patience that a long-term investment isn't good for OP, did you expect that when you get in the cryptocurrency market, you are going to make it big really fast? Are you frustrated that you sold at a loss and now you want other people to withdraw their hodlings so they can join you and bathe in misery?
the most important thing to hold is our psychology, where are we not shaky with today's profits, and want to continue to hold on, and whether to stay strong in the event of a dump like in 2018, so that it can rise like this year. Psychology like that can only be managed by people who are professionals, because it is difficult to carry out |
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I strongly believe Doge will be a sustainable incremental coin, with the help of Tesla. And I believe in the management of Elon Musk, the number 1 billionaire in the world. Do you guys agree with me that Doge is the world's largest community-owned coin. And the US and EU communities are very fond of Doge
How is it suddenly DOGE become the most potential coin when it was used to be garbage? and why is still always have to pattern the success of crypto to Elon Musk? He is a billionaire, I get it, but isn't it massive adoption that will make a coin successful? not someone who is just shilling it. right, what I understand is that until now cryptocurrency has no real function in life other than trading. I think we must be able to think realistically, that currently many people are adopting doge, so that the price is increasing, and we should not believe it too much, because there could be a massive dump in an instant, and if you experience 2018, then very understand |
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indeed most people when they have borrowed seem to have forgotten the loan, so sometimes we are like begging to collect it. but not everyone is like that. actually in trading we use whatever capital can give maximum results, but sometimes people are ambitious to immediately get big money
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Things that continue to be done in a company that make a profit for them. Ordinary people who don't really understand will feel happy with discounts or other forms of promos. but actually everyone is deceived by it all. But all companies will also think about how to market a product they will sell.
Consider the persoective of the businesses though, they have to make a profit and they have to adapt with the current prices of raw materials to make their product which also goes up. I didn't know that it was called shrinkflation but I have seen and observe this happening in my country although it doesn't really affect me as an individual, I am sure that my country's economy is fucked if I can see it then. It makes sense, if the population in the country understands the way of marketing maybe people start looking for other ways to buy or all sales made will experience a drastic drop in turnover. It could be that a country experiences chaos in buying and selling transactions because the government also wants profits for their country to be able to pay the profits to other countries. My advice if you need and useful do not think too much about the disadvantages of buying these products. but on the contrary think twice if the goods offered are not useful. With the uselessness of an item being marketed, I think that the item will not last long, so that for example there is a maximum development regarding the price of the item it will be a matter of doubt, of course this is used by an individual to seek personal gain without thinking about the fate of the item in the future. |
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The reason why most of peoples are complaing because they just depressed because of this pandemic.
So we can keep seeing people complaining about this "Covid" and especially for poor people's who don't know how to eat tomorrow.
Exactly, there are many types of people, and those who aren't complaining are those whose good salary gets credited to their bank without much problems and they can give knowledge to everyone how to not complain while the poor people who don't know how to earn a livelihood in this poor market condition is suffering the most! I don't think there is a market that suffers, in the world of trading, especially in a pandemic like this, we must always look for opportunities to earn profits in order to carry on our lives. I think daily trading will be very useful by taking advantage of small profits but it happens many times, and I think that opportunity exists every day |
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The information you share is completely unconfirmed, I know the economics well, but the bad happenings give me a sense of a major demise, and if we were to prepare for it then We get it back, but the bad results come from the aftermath of the collapsing economy.
It's a prediction that makes people think less of what happened. Even though everyone has the right to predict what will happen later, you cannot guess 100% of what will happen later. At least this can be input or lessons that are more filtered out. don't be overly confident about what hasn't happened until now. but I did illustrate a little that there will be a high leap of new cryptos that will emerge. There are coins that may not be noticed by many people but the coin has increased which surprised many people. 2022 will be a question mark. right, no one will know in the future. we can only predict and analyze its development. everyone can justify their opinion, but time will tell. therefore we who are in this business must always be careful and always try to secure the capital we have. once again, do not let us bring feelings in this business, otherwise there will be fatal consequences |
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~
smells a bit like censorship) what about freedom of speech? setting conversation boundaries no way to a healthy talk.
and to declare "most bitcoiners are middle class" is a bit risky. it's emply either lack of information or over-awareness.
but i understand your poit as of others.
nevertheless we need to look in the future and dream about and immagine even the most impossible things(as Jules Verne onece did). only this way we can make Earth a better place
Trying to make Earth a better place is a good idea, but before starting a new attempt, we should learn history to know what happened with the previous ones. It was never a good idea to simply gather all the wealth around and redistribute it equally among people. It has always lead to many disasters, economical one being among them. when we talk about the earth to be better, then what we have in mind is the law of cause and effect. that way we will calculate the consequences of something happening whether it is more profitable or not. of course for now the end point of all these activities is the impact on the economy |
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the fundamental difference between trading and investing lies in the time frame. trading is synonymous with looking for profit in the short term, in contrast to investments that leave assets for years, because they have studied fundamental analysis for the future of that asset.
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Our emotions always let us fail when we see a bad results after buying, this is a common problem actually because of being so volatile of crypto currency. And i believe 80% of traders can't hold back their emotions even though most of them have enough knowledge when it comes to it.. Who's to blame? perhaps that's part of our life.. Wherein making "mistakes". So all i can say is despite if we cannot avoid doing the same mistake then it's up to us if we will learn some lessons from it.
indeed psychology is the most important thing in trading, psychology seems to be the main character. There are many conditions that play with psychology in trading, for example when we have made a profit and do not immediately cut profit, even though we have reached the target we want. this we hope the price will continue to rally continually. things like that happen a lot, where greed haunts us |
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I think it is difficult to predict the percentage of people who are already rich from cryptocurrency, because they do not disclose their wealth officially, especially for individuals, of course they will be afraid of state taxes. but what is clear in the market, there is a transfer of wealth in it
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The best way to decide is by setting a profit goal. This way you don't have to worry about holding or taking profit. When your goal is reached, you can take your profit. During bull run, if you aren't satisfied by the profit you will get, then keep holding. If you think you can't hold anymore, then just take whatever profit you get. Just don't sell at loss (unless you really need the money. But then again, you should remember, invest what you can afford to lose).
Or like you said, to minimize risk, you can always take some profit and hold the rest. When the price dips, buy more with those profit.
The results of our trades depending on how we manage our funds and how we decide. Buy at low, hold for a while, and then sell it at a better price has come to common practice. It was pretty simple but I'm wondering why many were still not able to achieve their goal? Because for me, I'll take every opportunity to get a profit. Holding or staking, people will take them both when talking about money but for me, holding is the best choice and more profitable and safe. it seems easy, but more people are experiencing bad luck. when purchased, the price drops immediately and they are not psychologically sufficient to stick to the original plan. perhaps the usual theory for holding on is that we take capital when the price rises, and the rest we hold until it is in accordance with the plan |
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all traders said trading volume ,,security and support system be first thing to identify in good exchange. and i have one more point to add it, good exchange will have best research team to choose which project will listed, its about company income from trading fee. good project will attract high volume trading so exchange will have more source to expand and developt .
That is another factor. There are too many exchanges that are listing any random project that's looking for an exchange to list it and don't care about the research. They don't mind if the project is useless or no use case at all, as long as they earn from the listing fee. I think you're right with that. They should take the example of Binance. Binance is indeed a reference for traders to put their money in, I have personal experience, where I chose Hitbtc and I made a deposit, but when I wanted to make a withdrawal, I had to go through verification, I verified it but up to 1 month there was no news, I didn't know the asset what I have how it will be, this has become an experience for me personally |
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Hello Dear, off course cryptoCurrency investment is very good option. Everybody can invest on crypto currency and Everybody can make very good amount from Crypto currency. As my own opinion i want to tell you that many beginner make very good amount form their investment.
Not all beginners are making a good amount from an investment, sir, as some are getting streak losses because of not having proper investment knowledge. It would be best if you had a good solid understanding when investing as it's required a large amount of money. It will be risky, and you will regret it when you start an investment without prior knowledge about it. The big suggestion is to get enough knowledge when making an investment there is a lot of helpful guide in there, google or watch it on youtube. It will be beneficial to you for sure. right, many people are in a hurry to invest because they see the news or their friends get success in the world of trading, so they take the initiative to enter the world of trading, even without knowledge. and finally we can guess the end result they experienced, they do not think about someone's struggle to be successful |
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I sold my DOGE for 5$ of gains three days before this insane DOGE rally began.
Could have been over 100$, instead 5$
Don't get me going on Doge, I used to have more than 30,000 Dogecoins back in 2016 if I am not mistaken, acquired with mining. I sold them for $5-6 at most. On top of that, some leftover Doge remained in the wallet which I no longer have access to, because the HDD has been wiped. It's been a sad story for me. I said no one will know what will happen in the market. maybe if doge does not inflate, maybe you will not be disappointed like this. but I emphasize again that it may not be your luck, as long as you still hold the doge, you may also have sold it before it reached the current price, because psychologically |
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Cryptocurrency always has been a game changer in this world. With covid-19 is spreading in this world very fast. Community looking for online work, crypto trading line has emerged as a good money making opportunity. At present time only Cryptocurrency getting attention and earning more investor that's why crypto is on fast rising trend.
The only problem that I can see with this trend is that scams proportionately grow together with the trend, the people falling for it are increasing too because they want to get in the trend and the first people to offer them something without knowing anything about the offer or ignoring red flags, they accept it and then get scammed. With this rising trend, we have to be more careful more than ever with scams. Such conditions are the same as hype, where people will increase following the trend so that prices continue to rally, until one day the whales start to take their share, followed by panic from many people and finally dumping is inevitable. |
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That is true, holding is really a hard thing, this requires you a good discipline and good management because there are times that people will really need money in unexpected time to the point that they need to pull out their investment to use the money, there are also some who just pull out their investment when they just heard bad news about the currency they are holding, that is not a good thing and that is not a good investor is doing. You have to sacrifice, just think that you dont have money or you don't have investment so that you cannot use it for other things, well this thing is not good if you badly needed a money, but still you are the one who will decide what to do.
when we are holding coins, psychology is the hardest to control, we will feel uncomfortable if the market has grown by hundreds of percent, especially before the price has been dumped. so that we have to train psychology many times in order to mature according to our plans before deciding on long-term investments |
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I think trading as a newbie should be very important first and try to study trading very well because newbie traders always trade wrong and they always try to make a profit. The biggest problem is here. When they open multiple trades without realizing trading in the hope of making huge profits they lose the most in those trades. beginner trader make more mistakes such as trying to start trading with a signal from someone else without predicting themselves.
Newbies often make mistakes when trading, because they don't have good trading experience and knowledge. So it is advisable for newbies not to first trade following other people's signals, or even using bots will be more risky. So like you said newbies should learn to trade more first, in order to understand how to properly analyze the market. That way the mistakes made by newbies can slowly be corrected. preparation before start trading before common mistake for every beginer. they think trading very simple and could do without any knowledge. beginer must know several step that need to passed, dont always use short cut to start our trading position. bot or signal will not trainee our skill , but it make us lazy to research in market. right, with bots they just want to enjoy the sweetness of trading. whereas in manual trading we are taught many things such as psychology which seems to be swayed by the market. unless we have mastered manual trading and then use bots, the results will be different, because they know the advantages and disadvantages of bots |
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I can't just run away if I experience a loss, because the loss happened many times, I will repeat the trade looking for opportunities to buy back. Isn't it before we trade risk and reward that we have to take into account it first, so that we can predict beforehand what will happen, between profit and loss
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Well, predictions here at least have some form of basis, though their movement depending on that basis is actually a hit or miss. Basis' can still be gathered and studied, assumptions can be made that has actual backing and reasoning, but the movement of charts would still end up being 50/50 no matter what. It's predictable, yes, with the right basis and factors, but it can also be said to be a complete gamble since the "right" factors and basis is rather unknown to you, not to mention that the market basis is quite vague at times plus, add that to its high volatility.
Plus, if it was that easy to predict the market, everyone would be rich ngl.
With so many people who lose, I think there are not a few people who consider it a gamble, but if we can see it from a business perspective, then I don't think this is the case. of course everything in trading is an opportunity and we have to make that opportunity to make a profit. but many people are greedy here. |
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