I do not agree with you. With a long investment, you can really not keep a close eye on the price. But the profit of the short-term is higher. You can not sit 24/7 because the exchange itself will sell your coin at your price when the time comes...
Of course you can disagree with me. I myself trade short-term, and have a long-term portfolio. However, statistics say that long-term trade is more profitable. I'm not saying that day trading is not profitable on it you can earn as much, but it is not suitable for everyone without experience will not earn much on day trading. When there is experience in trading then you can trade short-term, my opinion. Last year, I traded short-term and missed the opportunity to earn a lot. This is why I like longer-term trade. And this post was for beginners. |
|
|
|
6) Be patient. Understand the 2nd degree volatility inherent in altcoins. To catch a good bull run for exponential returns, you can attempt gridding (increasing the proportion of
your entry multiple times as price goes down), while normally a risky methodology, this can give you astronomical returns for high volatility products.
Yes you are right this is one of the most important trader qualities about this I think everyone should know. |
|
|
|
I don't think is bad idea to spend to much time in trading because it is really worth it to gain more profit. The more time you spend time in trasinng the more possible you earn money. But most of your tips is very helpful to those people who want to start trading so they can use this tips to become successful.
I'm not saying that spending a lot of time is a bad idea. You need to spend it wisely. There are people who spend a lot of time and can not find a good deal, and can make a mistake. It's not easy to spend a whole day at the computer watching the charts, from personal experience.If you do not have such a problem then it's good. |
|
|
|
|
Hello, I would like to give advice to beginning traders, perhaps many people know this, but not all, especially they are relevant for today's market.
5 tips for cryptotraders!
1. Do not buy up everything that see!
Presently very much tokens and every day them to become yet more. Even to the professionals difficult at times to recognize scam tokens, that to talk already about novices. If you begin the way of trader only, trained first on stable currencies with large capitalization.
2. Do not spend too much time on trade!
Many people think that after sitting as long as possible while looking at the charts, they will find a potential gold deal. First, the crypt market is so dynamic that if you miss one opportunity, you will have 5 new ones. Secondly, to trade tired very bad idea, which usually will cost you a lot of money.
3. Not panic!
Fear and panic are the two biggest enemies of every trader. Remember that cryptocurrencies are too volatile and be ready for it.Do not rush to do something, think well and remember patience is the golden rule..
4. Don't get fooled by tricks!
New altcoins-this is what lose money a lot of beginners. The desire to recognize the new bitcoin has already destroyed many cryptotraders. A lot of altcoins that enter the market are absolutely not suitable for long-term investments or are pacifiers at all.
5. Choose the right exchange!
No less rapidly growing and the number of exchanges. Many people want to lure you with attractive terms, but you have to understand that for them there are certain risks. It is better to start working with already proven exchangers which are used by most people.
I hope someone was useful. Good luck and big profits! BTCBTCBTC
|
|
|
|
|
Hi, if a good token I usually sell 50 - 75% when the price x2 is left, I leave the hold.
First you need to study the project whether he has a prospect otherwise to sell everything at once.
|
|
|
|
|
Hello, I also think that many altkoins will die because they are all bigger and bigger.
Remain only those that will be useful in use and others that are not needed will disappear or cost a penny.
|
|
|
|
|
Hi, I think it's worth keeping coins that are not expensive like bitcoin so they will grow in% much more than btc.
I keep ada, xlm, xvg, ltc I think they will grow up this year.
|
|
|
|
Trading generally can be a short term as well since you can make the daily earning and in that you do not even have to worry much as even the market crashes you would have already sold your positions in a short time itself.
No one says that day trading is not profitable, it just requires more skills and time. People are different and must find a strategy suitable for them. To survive the falling market it is possible and in the long-term strategy the main thing is to trade in reliable coins and be patient, or just use the stop-loss. |
|
|
|
That is how threads should be. You have stated your opinion and you did not force anyone to follow it. Well done, mate. Also, I do agree with your point because beginners still do not grasp the market yet. That means if they, in my opinion, invested in bitcoin, knowing that the price will grow later on will bring them a quite good profit. Daily trading is hard because you need to be updative and you might lose your money to the coin you have invested in.
Thank you mate. I, too, was a beginner with many mistakes.Not who did not help. I wanted to give at least some information so that they would not commit my mistakes. Of course there is little information in the post but if I am asked I am open to communication. |
|
|
|
You really have a good point of vew, but I guess it is also depends on what goal a trader has. What I mean if a person has bought a coin by 10 cent price and if 15 cent price for him is enough. Why stop him from selling. Usually it is very short term trading.
In trading, there should always be a goal if a person bought a coin for 10 cents and, according to his analysis, should sell 15, then you need to sell or put a stop-loss when the price is 15 cents. To buy a coin without a goal is not trading but investment. |
|
|
|
|
Hi very many coins which by the end of the year can give a good profit. I personally bought xlm, ada, strat, eos, ltc, ven. but they need to buy for a long time I think by the end of the year will give xx.
|
|
|
|
|
Hi of course bitcoin. although Ltc is faster than the transaction and the commission is smaller. It's all the same, the father of the crypto currency and when you enter the Lightning Network Btc in all respects will be better than Ltc!
|
|
|
|
Long term trading is indeed a safest way of trading until your investment is in some utility token or a large cap coin. Otherwise, long term investment will leave you with bags to hodl. You just can't blindly go for long term investment by not analyzing the market everyday. You need to keep a check on your coin and its development everyday. Also, it isn't easy to get 100% profit out of a coin even in long term. With market showing short period trend reversal, I will not suggest people to go for long term unless you bought a coin real cheap.
Of course, market control is needed, regardless of the trading strategy. I did not say that it should not be. Trade in itself requires knowledge and skills to analyze, I think in trading people come not just so otherwise you can just buy coins and put in cold wallet. |
|
|
|
trading has nothing to do with sitting behind your computer 24/7 and if you are doing it or thinking day-trading means that then you don't know what trading is!!!
Are you kidding? I work as a trader in the office and I sit from morning to night watching the charts and looking for deal. You talk about miracles in trading, and more specifically about Pump. it's not trading but luck or insolation by insider. This happens only on a crypto currency because the market is young and it is extremely difficult to foresee or you will come on top of growth and you will remain with a coin. you trade in the stock market there is no such. and show me shit koin, good traders in shit koin do not trade because they are extremely unstable and there is a high risk of losing money. So you need to learn trading. |
|
|
|
in any case, you need to spend a lot of time to control the exchange, Therefore, practically all 24 hours a day you will be busy and at the same time no free time. Although tight control of the market, too, is bearing fruit.
Trade is difficult and requires a lot of knowledge, unfortunately not all people are suitable. Control is always necessary no matter what strategy you use. With long-term trading, you will have more free time, on the contrary, daytime trading, you need to sit in front of your computer from morning till night, learn schedules, follow the news, open and close deal on time. This is a big load and as the main work. |
|
|
|
Long term is not applicable to ANY coin sir. The coin you must invest with must have a huge marketcap. As some ICO and coins are silent scams.. Waiting for the right moment to get volume and to dump the investors.
You are right no matter how you trade intraday or long term, you need to trade on reliable coins. Personally, I trade with the top 30. And on some shitcoins it's not a trade, but an investment, the same as participating in ico. |
|
|
|
|
Hi of course both coins are good but if you need to choose 1 I prefer ada. Why does she like me more and it seems she has more prospects.
|
|
|
|
|
Hello, I registered with your company bounty but pointed by mistake out myetherwallet. You can change the address to Joy ether address: 0x83c17e0cbed090eb1a8cf30916c5017433e6465f
Facebook
Your number in the list of participants: 118
The username on Bitcointalk:coolon
WITTER
Your number in the list of participants: 121
The username on Bitcointalk:coolon
|
|
|
|
Long term trading is supposed only for people who have a huge money Especially an investor and whales.
If you're just a newbie trader and only having a bit money long term trading can't give you much money.
I would rather recommend a day trading for a newbie who wants to start trading.
who told you that you need big money for long-term trading? On the contrary, big money is needed in day trading. Because for example, with $ 50, the profit of 1-5 $ per day is not very interesting. And with 50$ for example in 2 weeks to get 100$ of course better) and free time more. And for a beginner will be extremely difficult day trading)) |
|
|
|
|
Show Posts
