The risk should be lower than the reward, so although we are trade more times getting loss but we can still make profit, for example stop loss 5% and Take profit 12%-15%, so we will still make profit if we getting loss 6 times and taking profit 4 times. Choose exchange that provide feature of stop loss, because so many exchange did not provide it. And better chose exchange that provide OCO order so we can put stop loss and take profit at the same times.
Yes, I think stoploss and selling price are very important in crypto market. I think trading will make more profit than long-term holding. I often use these tricks and a month I usually earn $ 200-600. It was a great income for me since I knew the stoploss. any trader needs to know the stoploss. |
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Small fish like us should know our value and should not argue. I think this is also the way Binance exchanges increase its revenue and maintain, upgrade Binance to a new level.
They have their own way to improve their revenue and we can't stop them. besides, it still helps many projects become better.
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After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:
+ Fear
+ Greed
I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.
So, we need to set up your expected profit point as well as the stoploss point.
How about you, what is your lesson?
I have the same thoughts as you. When you are a trader, it is important to place a stop loss or set a profit target. If our prediction is a little wrong, we can pay up to thousands of dollars. This is a skill that is hard to master and we need to cultivate more. |
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what is this? This is really funny. I have never seen the "shoe" theory so far, I only heard the triangle theory.
But this is also a creation and a great belief for us.
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Few days ago the crypto market witnessed a sudden rise in price.. while it's not high enough to say the bear is over.. the market seems to be more stable nowadays.. do you think we will see the bull from here on.. or we will see another year like 2018
will not happen that. BTC prices and altcoins are already at the bottom and it's pretty cool to invest from now on. But 2019 will be a stable year and there will not be many big price increases. so if you have a lot of money, you should deduct 15% of your savings to invest in ETH and hold it for 2 years. ETH will soon return at the price of $ 500.  |
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Mistakes are really necessary for you to succeed in the future. for instance, why does Jack Ma want to read about the mistakes of the giants before?
They want to read the failures of the previous ones to gain experience. and we also need to learn a lot and fail much to be successful in the future.
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Hello world,
So I've been trying to list an exchange in CMC. They actually manage the whole thing almost like a state secret.
The selection criteria is not clearly stated and they do not give any feedback on why the exchange was or wasn't accepted.
Of course it's important to have the basics like a fully functional product, clear rates and fees, customer support, and other customer client channels like a Telegram helpdesk group, Twitter for public announcements, etc.
But does anyone know which are the critical factors?
Or have some advice on how to get it approved?
maybe the CMC manager approach is sketchy and cannot get their attention. Or you are not having good partners to help your altcoin listed on CMC. In a decentralized market, we need relationships to achieve the ultimate goal. |
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People always need mistakes to grow more and gain more experience. This is what I often tell my children. The failure created me today and I'm happy with it.
When I started trading in the crypto market in 2015, I had a lot of failures, always looking for FUD and FOMO. But now I have my own strategy and have a pretty big fortune.
the newbies should not fear failure. Try to play loudly from age 18-25. because at that time you had nothing to lose, you still have health to be rich in the future.
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2017 was the year of ICOs and 2018 was the year of exchanges and stable coins. What is the trend of 2019?
IMO, it's IEO. Basically, IEO is an ICO but taking place on an exchange. BitTorrent is a typical example of IEO. Running on an ordinary blockchain (Tron) but BitTorrent was sold out and flying high in the past few days. Its success was contributed a lot by Binance, where tokens are sold.
Since STO needs a lot of guideline and legal framework from government to be completed, I have a strong feeling that IEO will be the trend of 2019. Your thought?
I think the IEO has been one of the forms of mobilization that is quite interested by many investors and often invests heavily in it because it's quite safe by its price. STO is also quite good because our risk investors now also need to get protection from the government and the law. Both will be 2019 trends but I will appreciate the IEO more. Because I just need to rate its community and its partner to invest, very easy and easy money. STO still has its risk if the project finances are not used best. |
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now it is quite stable and there is no sign of strong pumping from the whales. Will it continue to fly high with large investors' money?
Any sign of it? I am really quite interested in Grin when its community is big and people talk very enthusiastically.
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There’s a great pump with ETH this week, but I think its not a strong pump that it will go dump again after having a short pump so don’t be too excited. The price of $200 will hit again by ETH but it will go through dumps also before that. So what’s your thoughts about the recent pump?
I also think like you. Because our crypto market is having a lot of problems and there are a lot of problems to solve. altcoins are trying to expand their market and spend a lot of capital to do this. therefore, an ETH increase of $ 200 is a difficult thing, and it certainly takes a long time. |
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Thanks Omega.
another question about Binance
What are some precautions we can take to keep our account safe in case of security loss?
I am thinking to make print outs of trade history occasionally and save that. In case of password loss.
I used to use the Binance platform and other small exchanges and the common problem is hackers. They are so good that they can enter Binance's best security system to manipulate the price of some altcoins. So my advice is that you should set up all security terms such as 2FA, phone number, email, ... don't miss anything. In addition, trading platforms are difficult to believe because it often occurs system errors when too many orders need to be processed. So the best way is to keep many of your coins in MEW wallet, in addition to Ledger Nano S, you will have absolute safety. |
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95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable. It really needs more reviews and research before buying certain coin or token. I always advice new traders to spend their time to get to know the concept and the purpose of the projects or to DYOR (Do Your Own Research). Sometimes the reason why you buy certain coin or token because of hype or FOMO ( fear of missing out ) wherein you see your friends in social media enjoying what they hold. FOMO always happen anywhere in social media because it uses as a marketing strategy to manipulate the markets. Therefore, before diving into cryptotrading, always make sure to DYOR!
I don't think there are too many people failing like that. I think trading day is easier because we can learn about how the market or some trading platform works. The most important thing is a stop loss. A professional trader never fails to place a stop-loss order. Day trading is quite safe and not too difficult as you think. |
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Because nobody knows when the market will start to rise. But, as I expected, this time not from Sales just stopped and watched the market and appreciate this time with I family on the grounds that in a few months the market will start to rise. So this time there is no compelling reason to offer. I don't know myself and I can't predict the increase. But if the coin that I hold is valid and worth holding, I better hold it or I have to cut my losses.
If you are looking to keep it longer, you should set a further stop loss at your buying price. It will be very effective because it can reduce your risk and it also meets your hold needs. My advice is not to sell old coins and invest in new coins. The market is very chaotic and the predictions are really hard to correct. |
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Over the past few months, Bitcoin prices have continued to decline, resulting in altcoin prices also following the trend of organizers. You can see this in some digital currency trading exchanges, and this will continue as some crypto analysts say. ADVFN opinion, which proves that BTC can fall to the level of $ 2,500. And an analyst recently said that BTC could fall to the level of $ 1,100 if the predictions go well. Source: https://ethereumworldnews.com/crypto-prediction-bitcoin-fall-1100-litecoin-6/And what do you think about the post that was recently released on TradingView, a popular charting platform for cryptocurrency, stocks and foreign exchange. Magic Poop Cannon explains "extraordinary fractal repetitions" found. Source: https://www.tradingview.com/chart/LTCUSD/UBxr2KVk-Must-Read-Hyperwave-Crazy-Fractals-6-LTC-1100-BTC/What do you think about all those statements ...? Why do I expect your opinion because I'm trying Luck now to buy Bitcoin. Thank you I never believed in the predictions of crypto experts or financial experts. most of them often misjudge many but many people listen to them. To be rich, you should not watch articles that predict the future prices of financial experts, they just make you more worried. Read more about the economic situation of the world and observe more. You will have a great strategy to make lots of money. |
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hi, it's been a long time since I have access mew I usually store my tokens on an exchange because I'm an active trader. does myetherwallet is on a new look? I just need to be sure, Im being skeptical to use the website because of its new look, it might be a phishing website.
yes, it has a new interface. It seems to be harder to see and harder to handle than the previous version. But we need to get used to it, this is a pretty modern interface and MEW needs to update to be able to compete with many other wallet systems. Look carefully, don't make mistakes when sending money. |
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I’m a long term hodler. Have had a few LTC since 2014, always been a fan.
I’m consolidating my portfolio.
Would you rather 4Eth? Or 12.5LTC?
Which would you choose and why?
I think I still want to choose ETH instead of LTC. LTC is quite potential and totally free to trade all over the country but it will never be as good as ETH. You know, ETH is still charged at MEW wallet system, but it is used by many ICO projects. Community and fame are the things I value most in choosing to invest in electronic currencies. so I will choose ETH because it is likely to grow better than LTC. |
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This news really stunned me. I cannot expect that our crypto market has such great appeal. When we are joined by large businesses, our capitalization will certainly be greatly strengthened and that is the premise and motivation for other businesses to enter the crypto market.
This is an extremely good news and it makes me extremely excited.
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