Yobit is not trusted by many in this forum. If that's the case, I'm too will not trust that site. I guess what you can do now is to contact their support. And/or open a scam accusation in this forum to raise awareness regarding what happened.
Well just speaking for myself here and i'm not defending yobit because i carry their signature, but they still have a running campaign and i have funds there as well that hasn't been having problems so far. Been able to make withdrawals and transfers decently. I've read a lot of issues about their support team and i agree it needs vast improvement but i've been dealing with them for probably 5 years now. I guess we just get to choose our own risks eh? 😁 I was in their campaign few years ago (its funny how fast time is passing). In my opinion they are slow site, with very slow support, I dont like that they add new coins almost everyday, they dont even check them probably. They last for years, just I dont use yobit for years and I dont have any plans to return there. Good luck with risking on yobit, I`m sure some people there are making profit, but on other side many people constantly lose. Yup. Our money, our risk as they say 😁 they still have quite a lot of users it seems, which are probably after the number of coins they can trade with. As long as i'm still my money and my coins intact, i'd probably still use it 😁 |
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Day trading ot short term will be okay for you if you have the right trading knowledge to know when to get in and when to get out. Learn how to read and monitor crypto exchange charts that will help alot on guiding you through
Day trading seems pretty good nowadays, and the chart is much easier to be analyze compare with hour and minutes chart. The other lesson you need to learn is to read market depth, or in other word, the liquidity of your coin. Day trading is OK when you have time for it. If you deal with this kind of a business, you must devote every day for trading. It means that you must not have another, permanent job. You don't have to devote the whole day for it though. That' why we have sell/buy/stop orders available in exchange sites so that we can go well about our day. You just have to have a target both for a buy and a sell order. People with regular jobs can very well do it. |
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It would be much more better if you can give the same tutorials but for other exchanges.
Yea I should explain with another exchange also. I think this feature is like as same as all(most of the) exchanges. Generally most of the trader are using binance for this reason I choose binance. But If I will found anything different in another exchange I will update on the OP with more details.Thanks I think you can try with poloniex too because I see that exchange have a stop loss too, but it's a different name with binance. I remember that I already use that feature especially if I don't know what price I should place to buy or sell. But if you are not familiar with trading in poloniex, then you can search the other exchange. I hope that you don't stop the lesson and give the other lesson to us so we can get more information about trading especially for the new people who want to try trading. It's pretty similar. Any exchange who has this feature would likely have almost the same interface. And it's not that hard to understand. The first time i used stoploss it's ptetty much self explanatory. Just try browsing that part of the exchange and i'm sure you won't have a hard time. |
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my experience in th bullish market was that the 2x price in the ethereum market since december 2018 i bought when it was at 70 and sold in the 140 usd last month i think it was my best experience int he crypto market.. im prayin for another bear market right now.... just think we have to do the opposite the other people are doing... i thinks thats the trick and control your feelings
Well good luck. I don't think there's going to be another bear market the scale of what happened last year this quickly. Good for you you didn't lose hope in ether since back then a lot of people were counting it out for this year already. |
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I use laptop in trading and somethings I bring this everywhere because sometimes I need to update in trading but sometimes I used mobile phones but mostly most of us we are using laptops or computer. I use different kinds of anti Virus to secure my information or my data.
Well that works, however for people who are usually on the go, i prefer mobile phones rather than laptops. Or if a trading site or exchange has their own mobile app then better. The smaller and more portable the device is, the better. |
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Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
You can use stop loss as a backup plan especially when you are doing a scalping on a particular coin, it is really a good thing that you can do in order to prevent huge losses. And based on my observation most of my fellow members on trading group on telegram they are mostly using this method whenever they aren't able to monitor their trades from time to time. Yeah, it's your safety net in case your trade don't go as you want it to. Makes trading a bit safer if you with minimal losses if you'e utilizing this tool. And everyone who's trading should be aware of this feature to avoid massive losses due to unanticipated drops in coin value. |
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For me, it depends on how we trade. I know a lot of people are in full-time trading, they can earn money to sustain their daily needs. Maybe because they have their own strategy on how to trade, also they have risk management. Being a full-time trader needs a focus and patience, because you don't have any source of income, so if you lose in trading, you will end up nothing.
Guts dude a lot of guts. I admire those people who manage to get through by just trading. Though i think many of these have side businesses for contingencies. Life would be good if you manage to become a legitimate and efficient full time trader. |
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As a bitcoiner, I really hope so. But this pump hasn't proven any stability just yet, and the situation is rather speculative. Let's see where it is in a few weeks to a month. But still, I am very hopeful of a bull run soon. It's been awfully dry in the past year, so let's just HODL and simply hope for the best.
Its really too early to say they are back. I find it interesting if they are indeed though, the FOMO will be there when all those who are greedy are coming back to lift the prices to make seal their earnings when another wave of bulls rage. This isn't 2014 though so things may happen differently so I'm seeing altcoins are also going to be much valuable. We don't really need a bull run to achieve recovery though. As things stand, the market is doing pretty well simply by moving the way it's moving. We're not in a hurry or anything. The bulls will return and when that happens, only those who have patience to wait will benefit. |
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Trading is like an art to get successful you need skills and experience,doing trading at the bearish is so hard so you probably entered in the wrong time but still possible to make profits at bearish trend by using sideways of the price movement.
If people can learn and trade though it can be risky at times but it will be rewarding as well in the end. It requires a lot of patience and experience as it is an art which cannot be adopted by everyone as every person has their own risk taking ability. With enough experience, anyone can be a decent trader. It just varies on the amount of time they need to get there and if they have enough patience to get to that point. Some can easily get the knack of it while some will lose a lot more before they become efficient. Basically patience determines if you'll stay or not. |
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Do not lose hope, maybe you've been in a very bad direction, I recommend you read Wyckoff's books and learn to understand the market, it's the only way you can stop your losses, do not follow any Youtuber or operator analysis, first train yourself and then practice with virtual money so you can have more experience and security.
Well you should've started with small amounts first. Dealing with virtual money becomes entirely different when you deal with real money so you have to accept the fact that you will lose real money. If you're really determined to become a good trader, you won't let setbacks stop you but you'll learn from them. |
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hi i was just wondering if there where any crypto exchanges that dont require lots of verification i registered with coinbase and within an hour i was getting phone calls soliciting me with services is there any exchanges that just let you email verify like bitmex does and lets you trade between altcoins? thanks
If you want to make some trade try to use coinexchange, Idex, Yobit, Fordelta, and Dex these are the platform were you can trade em without giving or submitting id verification because all of them are decentralized platform exchange. It's nice to segregate the centralized from the decentralized exchange, obviously decentralized exchange does not require KYC. With the centralized you submitted as your recommendation, I don't find Binance on it, it should be the no. 1 and yobit is not a good exchange IMO. Actually if you're trading with a small amount, i think you can still do it in big exchanges like binance. In also have an account with binanve and polo and they send notifications every now and then to submit ids but i can still do trades and withdrawals, although their a bit limited compared to fully verified accounts. |
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Yobit is not trusted by many in this forum. If that's the case, I'm too will not trust that site. I guess what you can do now is to contact their support. And/or open a scam accusation in this forum to raise awareness regarding what happened.
Well just speaking for myself here and i'm not defending yobit because i carry their signature, but they still have a running campaign and i have funds there as well that hasn't been having problems so far. Been able to make withdrawals and transfers decently. I've read a lot of issues about their support team and i agree it needs vast improvement but i've been dealing with them for probably 5 years now. I guess we just get to choose our own risks eh? 😁 |
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They have lead millions that are following there channels bankrupt in which they are yet to recover. That is why it is good to always do your own research and follow it strictly, even-though it failed, you will be more satisfied than shifting blames.
I always have problem with people who advise one to do his or her own research. From your submission above where do you think whoever is taking your advice will go research because the same people you are alleging are the ones sponsoring article all over the internet. The advice to trader is that you have to be greedy and invest more when people are afraid of the market and be afraid of the market by selling most of your coins when are happy about the increase in the price. Lol. That's also a generic advise that seems to be easy until you're already in that position. People tend to go with the general market feeling and it's not easy to go against the flow when panic sets in. |
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This thread not a advice about how to use technical analysis for trading, the @OP just want to some influencer who can makes a fomo. Trading using other people advice its not really recomended. just do your own research.
Yes, need to do self research but while any discussion starts then it may convert with some other discussion too as you know "necessity knows no laws". There are many strategies for reading candle on the chart, you have to read it and learn about it, suggestions from other people can be a trap. so it's better to use your own instincts and skills to make choices. Right.Although there are times that we seek advices from others to come up with good trading but the fact that those who work for others might also not work for some too so it would be better if we use our own analytical thinking and own strategies to make our own trading be profitable. There are some traders who have different interpretations on how to read candles and ta's and it's a goos start for anyone who wants to learn to browse through them. But ultimately, it' your own interpretation that'll determine your decision making in trades. Take them in but don't rely heavily on them. |
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I am still in the mood of buying and investing, I still think that crypto is a good investment, for long term I already decrease the buying amount but for short term I still search for the right coin to be traded, when you find the right momentum then don't be stand still and watch the opportunities go away
Staying on one coin or long term holding will cause you to miss the other opportunities. Try to evaluate the right chance at the right time. Also, the right coin is not too far away. Just you are not looking at the right place. You'll miss opportunities for short term goals of course. But if you're looking for after adoption value, hodling a long time is a good option. I usually buy im small waves during times like these when the market is sideway moving. |
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Quite right, now the active preparation of the whole cryptocurrency world is very active for the start in a new era. We are seeing a huge interest of people in the topic of cryptocurrency and blockchain technologies. Therefore, it makes sense to buy old coins and carefully study new coins - look promising at the beginning of their release - then there will be the greatest profit.Look for good projects.
It looks promising as he price keeps on moving where people would love to invest with cause the they know that they can generate profits from this. We also consider that cryptocurrency existence and its adoption will elevate us from old technology we used for a long time. We aren't push to used this but it is our choice. Perhaps some of us have already recovered from the 2018 emotional stress and is ready to dive in to this market again. It's going to be interesting to see old players come back after a losing year. But hesitation will always be there hence the slow moving growth. |
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Technical analysis is not enough for successful trading. It has to be a combination of fundamental, the crowd and community as you have rightly pointed out.
I think the best way to be a successful trader is based on the varied experiences we have.The more experiences we gained in trading,the higher the chances that we can be more successful and even more profitable at the end of the day.Technical analysis will only be worth it if you also trade with your skills and strategies learned in trading. But we have to admit that TA's made a lot of successful traders evee since. I don't usually rely on technical analysis but it definitely helps if you know something about what makes the market move. There are a lot of other aspects to make a trader successful and being a good tech analyst can be on top of this. |
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Bulls need time but others wants or expect a bulls every year. We all want it but they should accept the fact that it won't going to happen. They are just thinking of profit but they aren't think of, do they afford to buy at a high price, I guess not, so bears aren't that bad. Price pull back a few hundred of bucks but still maintaining at $5k so still fine.
That’s how the new investors want, they want to take profit always but it’s not the reality because the price will always fluctuate. Bulls will come when the bear is over and when there’s enough volume for the demand. The cheaper price is not that bad, its a buying time so you can earn if the bull started to work. Yeah, it's mostly new players who are all too eager to welcome bulls. I mean, i believe there will be a bull market but i'm not expecting any time frames. You just open yourself to disappointment if you make such rash expectations. |
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We have to wait for all that, I think it's only a matter of time. I am sure the government is sure of blockchain technology and the government has also believed in the benefits of Blockchain technology. Maybe in the next few years we will be able to get information that the government recognizes Blockchain technology and even regulates crypto as a whole.
If there is government trust, surely a new investment community will appear because the government is a solid fulcrum for developing this Blockchain technology. It can be seen recently that many large countries are showing signs of recognition of this technology and I believe that the issue of time will soon be resolved in the next few years. In my opinion, Blockchain brings many good things for everyone so please apply it as soon as possible And probably they will. It's not necessarily just bitcoin but several crypto coins have specific usess other than for transaction. And blockchain tech is now becoming widely accepted as an innovation on how we may run things in the future. |
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Hello!
I'm doing alright trading, learning.
However - I spotted myself being very greedy earlier. I wanted a bigger position as I was confident of the direction of the market..
So I entered in at a lower spot, with a higher position - lowering my entry quite significantly.
I've actually done this twice in two days.
How do you deal with this particular emotion in trading?
I'm trying to be as mindful as possible - but i get really excited.. and start getting reckless.
I think I need to read some more books on trading psychology.
TG
Lol. Everyone experiences that every now and then dude. Even experienced traders sometimes can't get a hold of that emotion. But for starters, have a good plan to follow. If you can make it detailed then better. And then try your best to follow your positions in that plan regardless of how the market moved. |
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