3 Habits to being a successful trader
3. Study the market: Analyse the market with your strategy. Use hard data to guide your strategy plan like technical analysis or fundamental analysis.
I agree so much with the 3rd habit you listed; and in addition i say it is not enoughh to study the market; but you must also understand the market and market emotions; because TA / FA have flaws; your ability to understand market emotions, languages helps you to make better decisions in times as that. |
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I think the fastest way to lose money in crypto currency trading today is incompetence. What you do not know, you do not know; it is wrong for anyone to trade crypto currency while hoping for profit; You need to be certain of taking profits before entering a trade; you need to certain of escaping with little losses before entering a trade and to realize this situation you must be good and knowledgeable about trading. So i ask you, what do you know about trading ? Your answers tells you why you lose or make more profits
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Bitcoin is dumping!! Is this going to a repeat of 2017? Remember what happened in March when covid hit? The second wave is here and btc has been pumping despite that. What do you guys think? $100k still happening this year?
Reality about trading and investing is that waiting for the dump has little effect; the true question is that do you know when to buy, invest in tokens ? You need to develop your skills because waiting for the dump alone does not mean an avenue to invest right. You have to know and be able to identify the right entry. |
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Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.
At that time we don't have any charts,so we should trade with the help of indicator only.....
You need to define why you trade crypto currency, do you trade crypto currency because of its all time high or because you want to take profits steadily without fail ? As a trader; you should have percentage profits target and not concern yourself with all time high. Long Hodlers should worry about all time highs. Do not lose focus while trading. |
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I think this is a bad idea lol; forex trading is more complex than crypto currency trading so for you to delve into forex trading you need to first understand how crypto currency trading works and its interpretation be it technical analysis or fundamentals analysis; so that you can have a smooth transition.
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Guys is there any pump-dump group, in which we can participate & make nice profit
since btc is going to moon like anything
chances are next gonna be altrun
well, i do not believe in pump and dump groups and i detest it because it is foul play; why not learn how to deduce and interpret Technical analysis and fundamental analysis instead ? Shillers gives you a token for pump and dump all their hodlings on you; do not set yourself with frauds, this is not how the crypto currency market trading should be. BE different by doing your research and trading right. |
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Instinctively as a trader; you are supposed to know few details (enough knowledge) about the token you are investing upon before you even contemplate buying it. So instead of worrying about buying a token you cannot hodl, while not instead do your own research; and ensure that you invest a capital you would not be needing urgently.
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Well, you do not have to be so smart when it comes to trading crypto currency; all you have to do is be consistent in your trading, be consistent in taking profits too. As long as you are able to take profits daily from trading rightly (and not gambling); then you can only worry about complacency
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With the bull run and marvelous bitcoin prices i have to admit indeed that it is tempting to use and have altcoins up in your portfolios but you definitely cannot get carried away too because in crypto currency anything can happen and you must always stick to basics too. Always do your own research.
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I am writing this specially for newbies
Rather than investing in a shit coin to have 2x 3x profit within a day,If we invest in the top alts when it is in the Deep, then it can give a good profit.
Specially in a case of newbies, they always run behind 2x or 10x profit and in maximum cases they loose their money , but my friend's 10-20% profit is also very good.
And please don't enter in market when everything is pumped,if you miss this opportunity then wait for the other one.
First things first, not all dips lead or turn to profits and this is where doing your research comes in. Also i believe targeting 2% - 5% profit on a daily basis is more better strategically than hoping for huge percentages. Take emotions out of crypto currency trading and investment always. |
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I KNOW I AM! Food for thought - the first Stimulus $1,200 if put into Bitcoin is now worth $4,146 Do i need to ask why you didnt? BTC
Stimulus is to help you survive a lockdown and be very comfortable so that you can comply with the terms of staying at home. So if you can be very comfortable investing your stimulus into bitcoin; then so be it. otherwise it is an unnecessary investment. There are two sides to an investment; and you need to trade with funds you can part with. |
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I really like being a bounty hunter, even though sometimes I help to promote projects that in the end don't pay off to me. but I kept on going on and on to keep up with projects that would eventually bring me income.
this is a bit of my experience as a bounty hunter.
I also want to know the experience you have...Thank yOU Guys
There is no of fence if you want to be a Bounty hunter, but it cannot be full time and you cannot base your day to day transactional charges on Bounty hunting because projects can be unreliable |
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After seeing the growth in the price of the coin in the past few weeks, it leaves us confused as to which investment to make. I want to invest in all of the coins. but only a little capital owned. what action am i taking right now?
Investing in crypto currency is a very good, easy and profit bringing idea but only if you do it right and follow trading processes. So first, what strategies do you use? Are you knowledgeable about trading? Do you have a trading capital? |
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WARNING
Just because UNISWAP and 1INCH exchanges give users that trade on their platforms huge amount of money through their valuable tokens doesn't mean you should now start depositing your assets on any new exchanges that you see in crypto space, hoping there will be another huge airdrop campaigns, you will get scammed if care is not taken, Newbies most especially I hope this gets to you.
Truth is there is no fault if a newbie or a trader decides to embark on a trading spree on every dex exchange that is yet to conduct an Airdrop. It is a more training exercise that could come with rewards in the near future. The most important thing to share with a newbie is that they should endeavor to trade with recognized dexes listed on Coinmarketcap or coingecko to be safe to certain extent and also never to send their funds to anyone |
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The crypto currency investment space is a selfish market where you have to trust only yourself, so listening or following social media influences decisions on a coin is not good at all. You need to be independent when making investments decisions
Always do your own research
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I usually term myself as the reserved trader; i do not target short gains at all due to numerous volatilities and vulnerabilities around. My focus is solely on the long goal in a reserved manner; i don't just buy this, or buy that. I take time to evaluate and any token i invest on i am always certain of a profit gap. This is why i am a resserved trader, my tactics for me.
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Mourinho Tottenham hotspur defensive squad plays fulham at home tonight and it is unsure what to expect. Will Jose be parking the bus against a relegation threatened aide? Or play an attacking tactics? I suppose failure to beat fulham tonight could cause distraught in the spurs camp.
Meanwhile Liverpool face Newcastle away from home, with Liverpool side poor form on the road, perhaps a 1 all draw will be deserving
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Learning trading then market is good, starting from technical analysis is excellent, you need to understand that to higher extents technical analysis are for short gains where you get in 1% - 10% off a trade or 2.and also you need to analyse it totally independent off your emotions.
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Despite having trades suspended in 3+ exchange platforms, xrp hanging on is a testament to the believe that their investors have on the project, the sec news had brought several panic but the question is can ripple pull out of the trouble with sec unscathed.? I can only smell more trade suspension and price dump from Ripple
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