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641  Economy / Trading Discussion / Re: Scalping, my best trading strategy on: January 07, 2023, 03:17:56 PM
In scalping the trader usually sticked with a pair that is most volatile example BTCUSDT or ETHUSDT with low commission for crypto while in forex trading trading pairs lsuch as EURUSD, GBPUSD and USDJPY are mostly with low spread, however scalping require maximum concentration and focus by the trader because it involves a short movement of the price and precise entry and exit is the most factor to considered by an experience scalpers however this comes with numbers of years and skills, thus it is not advisable for any newbie to start trading as a scalper else such a trader will rekt their portfolio swiftly.
There are different trading strategy one can use to bring profits from trades. Scalping is one of the worst strategy for newbies to adapt to, but it's very essential and good for experience traders who knows the entire formation of scalping. It's one of the tough method to use in trading because it blows forex accounts easily and run down futures trading accounts into liquidation. I wouldn't advise anyone to start scalping without undergoing well equipped PDFs concerning scalping. My favorite pair is EURUSD pair and it's absolutely understandable.


Talking about scalping regarding the ideas that you guys have articulated here, I want to say that one dangerous thing about scalping is it can blow your account easily that day trading or swing trading. With day trading and swing trading, you are a little prepared and guiding yourself with the caution of using stop loss but most scalpers don't use stop loss just because the scalping time may not allow for it and that makes it dangerous. Again the network can become an issue if you are already in scalping, if the network goes off then you can't control your order which is a problem because the trade will keep going on and before your network is restored you may have lost your funds.
642  Economy / Trading Discussion / Re: Trading and investing,and still very broke.why?Is it spiritual? on: January 07, 2023, 01:45:18 PM

Spiritual aspects when it comes to trading and investing are just few points to consider

How are they few points to consider ? If we are trading with the fear of spiritual connection to the way we trade or the outcome of it then we may be tied to it and not put more effort to learn and get better. The market is not connected by just one person but by many buyers and sellers who don't know each other and our success rate depends on how smart we are in the analysis and market decision we take.
643  Economy / Trading Discussion / Re: Trading as a newbie? on: January 07, 2023, 03:58:12 AM

I have preferred to use low leverage, averaging at times, leave trade opened for days. Trades I was losing before do come to be profit later after many days of opening position because I use small amount, low leverage and leaving position for long time if no profit for short time.


Is not all the time that roll up trades will turn into profit. Sometimes a long trade like that keep losing straight and your capital keep burning down. You can not rely on such trade to come back from losses therefore using stop loss comes in here. If you want to extend your time in the market when you have used low leverage then you need to use stop loss incase your expectation is not met.
644  Economy / Trading Discussion / Re: Nobody dont help us the traders let's help ourselfes now idea on: January 06, 2023, 01:48:59 PM
So if i entry on position with high leverage i make in few hours from 1000$ to 10000$ either short or long.

High leverage in trading is to be discouraged if you want to sustain your funds and grow it. If you are trading on high it is good for profit because in a twinkle of an eye you are up in profit but that is same way that you will run in losses when you are losing. Which do you prefer then? I prefer low leverage trading because it can help in accumulating my profit and better follow up of the market moves.
645  Economy / Trading Discussion / Re: Short term trading and scalping on: January 05, 2023, 03:21:50 PM
In the meantime, the constant spikes are an excellent ground to do some scalping and get some positive trades.

Lol scalping is good because it is a short cut way for easy money. However scalping is better when you do that on the trend side so that when you miss your target, you can be lucky to get your trade going your direction of the trend but scalping is bad if you scalp against the trend because any missing can lead to your account being wiped off as you will be dragged in losses till the end. Meanwhile, with the current trading chart for bitcoin, I have not seen spikes that is confirming a safe scalping.
646  Economy / Economics / Re: If your passive income beats inflation rate, deposit might be a better choice. on: January 05, 2023, 12:19:50 PM
Whatever percentage interest rate that we aim at in deposit or investment, we should invest in product that rises with inflation time and not policy ban. Product that are decentralised like bitcoin should be the best choice. If you have investment in rentage of house, you are also sure to meet up with the inflation rate. I think it is majorly about how we can take the advantage of inflation and not really to what percentage and guesses we make. We need some reality to survive in highly inflated economy. Don't invest in perishable things.
647  Economy / Trading Discussion / Re: Short term trading and scalping on: January 05, 2023, 07:57:00 AM
Short term is the same as scalping in my opinion because in a short period of time targeting profit.
I don't think those are the same thing because they are not in the same class. Scalping is very fast trading to make money not even close to an hour exit but regarding short term, it is not required as short as one hour, so you see alot of difference in it. If you are doing a short time investment, you are likely not going to leave within an hour.
For me, they are the same, only words or terms are different.
But scalping is for the short term also, doing some number of trades over a short period of time. Since scalping may be a suitable strategy for traders who have the ability to make quick decisions.


Well maybe short term trade could pass as the generic name for both swing also but for me I consider swing to be very different from short term because it involves very minimal time in minutes. Moreover, short time is also used for hodling like short time hodling and long time hodling while swing trade is at no time considered or classified in hodling.
648  Economy / Trading Discussion / Re: Short term trading and scalping on: January 04, 2023, 09:59:58 PM
Short term is the same as scalping in my opinion because in a short period of time targeting profit.

I don't think those are the same thing because they are not in the same class. Scalping is very fast trading to make money not even close to an hour exit but regarding short term, it is not required as short as one hour, so you see alot of difference in it. If you are doing a short time investment, you are likely not going to leave within an hour.
649  Economy / Trading Discussion / Re: Anyone out there doing money by trading? How? on: January 04, 2023, 08:00:15 PM
You are sounding really fearful and lost of hope to make out a niche for yourself in trading. Always remember that nothing comes easy. Even if you want to eat, it takes an effort from you to put the food into your mouth. So you see it involves hard work in everything we do if we want to succeed. Keep trying but if you are not passionate about trading then peacefully quit and look for something else but be assured there is no easy life.
650  Economy / Trading Discussion / Re: What are your thoughts on revenge trading? on: January 03, 2023, 08:04:43 PM

~ what is your take on revenge trading?

It is not good to trade in wanting to revenge on your loses because you will make more mistakes.

~ Do you think people intentionally go into revenge trading or is is just emotional?

It is both. The emotion of losing your trade or money push you to go for revenge in trying to regain your lost money. Well whether it is intentional, it is caused by the emotion.


~ what will you advise someone making series of losses ?

Learning more skills will help rather than to keep throwing in funds to the whales. It is better to stop for sometime and go into more strategy building.
651  Economy / Trading Discussion / Re: Many signals don't work now like they use to be on: January 03, 2023, 02:17:43 PM

The question is Will we stay in crypto If it's not working ?
Unlikely we stay.


This is a question that has already found an answer for itself. You won't stay if you are not making profit from it so you are speaking for yourself or for some groups who are considering quitting or who have quit because they are not finding profit in it. Remember trading is not 100% profitting but if you can make profit higher than the usual job you do then you are profitting and if you are not able to then learning or quitting is the choice to make.
652  Economy / Trading Discussion / Re: Why these types wicks there on: January 03, 2023, 01:04:41 PM
What is wrong with it? I don't think anything is wrong there even a low liquidity is not abnormal. The candle formation showed drop in demand though and it is not unusual for that to happen because price bounce up or down and that is what happened with the candlestick. Meanwhile, you only showed only candle and no pairs so that someone could check it out for you.
653  Economy / Trading Discussion / Re: Nobody dont help us the traders let's help ourselfes now idea on: January 03, 2023, 12:22:07 PM
If I can understand you correctly, are you talking about donation of $5 from traders? Donation to where? Whose wallet or for what? If you talking about using it to trade then how do you go about that and who trades it? You are not making a coherent post here. You need to make your post meaningful.
654  Economy / Currency exchange / Re: Looking to sell bitcoin in person on: January 01, 2023, 08:02:10 PM
I hope who ever wants to deal in the manner that op is requesting should ask for escrow so that he can be sure of a fair deal and delivery. A fair deal is not only that you receive your coins but that it is completed and on the other way that the seller gets a good deal and fiat too or whatever medium of financial transfer.
655  Other / Beginners & Help / Re: start active again on: December 31, 2022, 04:11:09 PM
People do get attracted to something when they have a stake or investment in that thing, so I understand why you feel that way to want to learn and have the knowledge. But for your benefit, it is not only because you have made $350 investment that you should build your interest because you are probably looking at your potential profit from it but it will be wrong to have such straight estimation of profit, some times investment doesn't just go straight. You should just learn and have cryptocurrency knowledge not because of your investment so that you won't always be worked up when your investment is not going in the direction you plan it.
656  Economy / Trading Discussion / Re: Is this exchange legit? on: December 31, 2022, 02:15:04 PM
Depositing in a new exchange is a risk. It is not advisable to send your coins to an exchange that has got no positive review especially from users from this platform, I will not try such. So be wise and follow wise counseling here. It is better having your coins in older and trusted exchange. I logged into it but I don't feel all is well to trade in there.
657  Other / Beginners & Help / Re: What advice can you give to newbie here? on: December 30, 2022, 08:35:35 PM
You don't need to be in a haste to click any link sent to you through your email or whichever platform, you need to scrutinize very well before you click because some sent are not secured, they are phishing sites and as soon as you click on it you have exposed your data. So you have to be careful and you know it that the internet is not for you to trust immediately like you are in a relationship with a family member.
658  Economy / Trading Discussion / Re: Short term trading and scalping on: December 30, 2022, 01:41:47 PM

the profit of short term investment person can't never be same with the person that is running a long term investment, so i believe all this are criteria and the difference between both of them.

You can't be sure of that. Some short time investment also have greater turn out than longtime. If you are consistent with short time investment, it will bring returns that in accumulation will be greater than a longtime hodling, so sometimes it is profitting to sell coins when on ATH, taking profit is better than hodling perpetually.
659  Economy / Trading Discussion / Re: How do we manage our crypto trading strategy on: December 30, 2022, 10:16:09 AM
I don't think there is an obsolete strategy but when the volatility seem as if our strategy is not picking profit anymore we should understand that it is temporary. Like for instance during this season of ending of the year, we should not expect that market will be stable so with the rush, volatility will happen and support or resistance levels won't be obeyed. I think such times, staying out will be better but if we want to continue maybe to adjust the strategy can help.
660  Economy / Trading Discussion / Re: Why everybody is panicking ? Its a game of greed and fear ! on: December 29, 2022, 04:08:47 PM

No, I mean when we want profit, isn't that greed? but still within reasonable limits if we set realistic profit targets from how much capital we spend and also in which coins we invest. The greed that must be avoided is unrealistic greed, for example we set unreasonable targets, such as 1000x on a coin where the potential is not big, even with not much capital at all. We can actually avoid things like this very easily if we have a lot of knowledge.

Yes to set unrealistic and unreasonable trade target is a greedy trading. It is not as if you don't have to aim to big profit but it doesn't come all the time. Some trading set up give you that in a week but you don't have to force it to happen, you only allow and follow the market the way it comes. Having so much long target get you on the market also for longtime and that can put you in risk of you capital if even you are not using stop loss, that is worse of.
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