I believe that those you called best of traders have better knowledge on how to handle such thing as emotion. They know that the emotion is what takes them out of control and so they have to properly guide against it and a sure way to bring emotion down is to trade with low risk especially when the market is volatile. Another way is to understand the times of the market when it is ranging and highly volatile because of huge buy or sell. These times are such that a better trader is careful not to allow the emotion to have a better part of them.

Your post didn't represent your topic. Your post is on investment guide or advise so I will add that it is very important for an investor to have a full knowledge of the project to invest on. Don't rush for project that is new in the market. Those that are new have not tasted the heat in the market and may not survive if they are not good project. That means if they don't survive, you have lost your money. You also have to take note of how much you want to risk in investment, your risk appetite should not be of greed but of reasonable possibilities of return on your investment. Invest moderately and gradually build your confidence.

At the moment I don't think anybody will have the justification to say they weren't early buyers or that they didn't buy cheap at a point because btc has dropped severally giving opportunity for all to buy in. In 2018 that the price got to $3,500, that was a good opportunity to buy.

I prefer Ethereum in the list then bnb is the next.

You have to explain your purpose on the thread first before members can contribute to what you are saying. Make your thread robust for discussions, you are only making this first post and asking for experience, it is not ideal I believe. Do a briefing of whatever experience you are asking for, you are a newbie and I don't think you will get such attention if you don't represent yourself very well.

You made a brief and good analysis about timing on trade and that is very much important for a trader because if you understand your strategy then you need adequate and proper timing to execute it and like you posted depending on the type of trading, there is appropriate timing for it. However, if you want to start profiting as soon as you entered the market then you need to also look at 1minute but most swingers don't usually see it as needful.


Don't you consider these two as the same? If a swinger looks for weeks spot to decide his or her trade that means they are looking for a better position. For convenience, I think they are the same type of trading.

They are serving some purpose in the crypto market. They create fast wealth for the wise with the pump and dump nature of not hodling for long. Then this important one of creating hype can not be over emphasize, they create buzz for cryptocurrency. Memecoins like doge gave a big hype for cryptocurrency last year and gave lucky investors unexpected profit from the hype by Elon musk. Shiba Inu is another of such that some investors have spoken about to be able creating some vibes in the future. Memecoins make the market to be lively with quick buy, quick sell which the market also need to create traffic also.

To add to this discussion. I think staking can really give some good side income if you stake a valuable coin with comparable good price. Cartesi has such value for profit and that is why the time duration allowed for it is lower compared to some other coins. Most times I see 30days duration on it while some other coins are allowed up to 120 days in binance. Cartesi has an ATH of $1.75 but currently selling at $0.14. Therefore imagine staking 1,000 unit and having like 5% reward per month which is about 50 unit to your stake.

It is not difficult for op to make such kind of profit daily if he knows his strategy and wants to go all in with the gains. What he needs to do is to increase his risk appetite like 5x or more and that could give him the reach to target faster before the volatility hit on it. However, this is serious risk though depending on the account size but I know many traders who increase their lot size and scalp out some huge profit faster. It is all about the strategy we adopt to get to our target. Taking a fast profit by increasing the lot size makes you not to stay on the screen a long time but we need to be careful on it and of course to use stop loss.

You can rely on crypto investment if you are making profit from it but if you are not I think bank is preferable because in bank deposit you can only witness inflation which may be present when you get your money back or you may not witness inflation depending on what is happening in your economy. In terms of cryptocurrency especially if you are trading it, you run the risk of losing all your money if the trade is against your position and while hodling it also, some things can happen like if it is a shit coin the exchange may delist it. If the coin is only in one exchange and it is delisted, that means the coin and your cash is gone. Hodling to profit is only more reliable with bitcoin.

Both lines and candle sticks are important in trading analysis. Different traders analyse their chart with different indicators which lines is also part of. For a trader who relies more on lines, he can use those lines in support of candles to see the areas of support and resistance. If the line and the candle sticks either form certain alignment or a particular signal like the candlestick closing below or above his line, that can give a sign for a direction of price.

This is instructive enough for someone who has washed his or hand off crypto to make a turn around but to do that is not just to dive in back without a proper check on why taking the decision to leave in the moment he did. So, the person need to reevaluate the investment he or she did to understand way forward. For example if they invested in a scam project then it is there fault that he didn't do appreciate research before investment. An investor who put his effort in a low value coins should now know that they have caused themselves the harm in the past. Investment in bitcoin is the most guarantee investment in cryptocurrency.

Hodling could be better for plebs or newbies who are scared to take in the challenge. A trader doesn't prefer to continue hodling, he wants to go in for the instant multiplier. But like you said for hodling, I believe bitcoin is better for it.


A trader need to have their own strategy so that if an information is coming to him from another source, he could analyse it and get to relate it to his own trade pattern. We don't need to accept every trade order or suggestion without tasting with what we know. Don't trade blindly but be wise to be patient and confirm the trend before jumping in. The money in trading never get exhausted, meaning any time you get in rightly, you will be able to make your own profit.

I think $200 is on the high side for start ups. So what happens if loose the first, second, third, fourth and fifth $200 each, that means he would be loosing $200 x 5= $1,000 , before even crawling because he is going to loose plenty more of it before he gets to his feet. Or how many times did you lose before now?

MACD indicator happens to be one of the difficult indicators to trade with and to teach it to newbies is more difficult. Traders who share trading experience usually do that with RSI or MA.


Yes I agree with this 100%


What about he didn't get use to it and have lost much of $200 by funding of his lost account.


You are cool with such level but teach newbies the most simplest ways that they can grow with. I guess you didn't start this big.


I thought this would be a disclaimer not to be a financial advise because trading platforms also do warn of the risk in trading. You can keep losing all your money without getting anything back. That is trading reality.[/list]

The amount of capital to start a trading is not really the issue because if you know your charts and analysis you can gradually build your capital to the range where your $50/$100 daily target will not cause panic on your account but the major issue is doing it to work that out. You are a hodler and obviously you don't know anything in trading like you didn't say that. Asking what method is a misplaced question because it is assumed that you don't know any method yourself. So the first you need to do is to learn a bit of trading and come back to ask questions. There are some information here, google, YouTube and many others that you can stay with and gradually things as the trading terminologies, techniques will start sinking in to you.

Self trading itself is not easy and some who have failed in trading have found themselves to run those copy trading strategy and as you said it is not a cash bag with copy trading. Those who you want to copy are still under some losses as self trader but they learnt the copy trading technique to market to people that don't want to learn. If someone has a better trading technique, he is likely going to use it for himself and family, this is suppose to be a right thinking way for users of bot traders and copy followers

I favour self trading also and the points that you have dropped here is the reason those who trade with Al do that basically because they don't have chance to monitor the trade or they don't have the emotional courage to trade. Another set of those using bots are those who want to earn from trading and don't want to learn. The emotional majority of a trader is well tasted when on a self trade, the volatility and pumps could make a trader jump in and in same minute jump out whilst the trade should have been in their favour but with Al, this is not the case.

Your help comes from your seriousness. Here nobody will spoon feed you because you already found your way here either on your own or through someone but you don't need to depend on anyone to grow. Read the rules and I think you should stay more on this board for sometime and read about what response users are dropping on other threads here.

Also you have to be careful with trier and error in terms of downloading apps that you don't know exactly which is the function. There are scam and to be free from it is not to bring it close to your phone. As for copy trading, the reason for that is when someone wants to be a trader yet they don't want to learn. My advise is learn and make your mistakes then you can be better.

True to say that trading is not easy to do. There are many who don't understand it that way but they conceive it to be very easy to do and they jump in and jump out almost immediately in losses. Fews days or months is not enough to learn trading. In fact, it is almost like a continuous process to learn trading because certain strategy may not be working at some point and you have to reschedule for another strategy to you have to also relearn it. It is a continuous process to learn on trading.

Some traders are only interested to make profit but they don't bother about the other aspect of trade and that is true. A newbie trader need to understand the market before increasing there risk appetite and most don't understand the ratio of risk required for their account size but they just want to increase the profit level without proportional understanding of the risk to their account. In fact to build your small account gradually help to grow the courage, expertise and confidence level.