Do you use a trading bot and what's your favorite trading bot?
Also what type of strategies you use with the bot? And it is profitable for you?
Trading bots are good, and i use the one for bituniverse; it helps you incorporate atleast over 10 exchange platform including binance, hydax and more; But to be honest dear; bots are not for newbies; you need to be a good trader before you go into bot trading; always do your own research |
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: cytpoway121
Telegram Username : @cytpoway10
Campaign : Infographics and blogs
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To my understanding, day trading requires great skill and determination with a number of discipline. You must firstly outline your daily profit %, from 1-5%, then you can evaluate the number of trades to attain your daily % profit, is it gonna be 1% profit ler trade or 0.5% profit per trade or 5% profit at once?. This are issues you have to attend to before venturing into day trading
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You have made a good list of good exchange platforms. But i wouldn't class coinbase alongside binance or okex, it limits the trade pairs you can have and cannot boast of the huge volumes on binance or okex. One word i would say is that no matter how reliable a platform appears to be, you cannot keep your funds there save up to an offline cold storage
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Most especially for newbies, be curious and suspicious when you come across these in crypto space projects 1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com 2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves? 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook 4. Team decide to stay anonymous 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? You have stated very good points;but still it is a complicated scenario; there are projects who are not anonymous and slowly delayed and died down the project in a suspicious way leaving investors and hodlers with nothing. Any project linked with p2pb2p2 should be totally ignored; any project linked with vindax or latoken should be totally ignored too. |
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There is nothing wrong with trading with trading with other peoples funds; the reality is that are you professional enough to make profits and pay the legally documented roi such terms demand ? If someone elses money you mention is borrowing; then it is a wrong motive as you cannot borrow to trade. Earn your capital, and trade with perfection and peace of mind.
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Trading is much better if we have knowledge of how to do trading with low risk and high profit.
And i newbie is better to do trade with light coin like Doge to minimalize lose lot of money.
I try it too when i have firat trading, so strat trading now guys.
You have cited a good example in doge to be used in practice for trading. Doge is a consistent token you csn use to practice, but just for a while if we consider that the crypto currency market is inconsistent, with so many risk and other unfavorable factors. |
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I would not term not prepared as a trading mistake, it is self indulgence and pride not to learn basics of anything before delving into it. In similar view, you must know what it is about trading before you try it, especially the entries and exit points.
Likewise, over trading cannot be a trading mistake to me, there is a difference between trading different pairs and trading a particular entangled pair. If you are a one pair trader, targer your % daily and don't exceed. If you have several pairs you trade, then you have variance of options available to you depending on your expertise and what the market says daily. Trading is not rocket science
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I had been holding 1000 Eidoo coins since a few years and was wishing the price rise high so that I make a hefty profit out of it.
But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
I understand the angle you are coming from but it can't always be a desired exit point. One important factor is to take profit, be it @0.001 or at 0.002 or at 0.003 eth, profit were made, hence it cannot be termed less profits. Instead we can say that we could have gotten much more profit, which doesn't work out that way for all tokens anyway |
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: cytpoway121
Telegram Username : @cytpoway10
Campaign : Infographics and blogs
UNY Wallet Address : 0x7c22Ce1608C3f1cA6cDc840F9Ab9695625C58D9a
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While trading, I have come to notice that most of the chart only play out about 70% of the time at most, so no matter how good you are you still can't know everything.
So literally, I want to know your takes on this, does it apply to both FA/TA chart analyst or just general views?
Do guide me with comments
Honestly, you do not need to have a 100% chart records; be it only for trades or profits because i believe we cannot always be 100% correct. So i usually advice that we ensure that we make profits most of the time, take calculated risks; and remember to always do your research. Sometimes in trading; it is better you avoid the market totally than trading at loss; have that in mind as a guide too. |
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When a project exit scam don't just think it's the end, don't think the scammers walk away, No they don't, they will make a better comeback in a whole new version, I heard projects like
-Adab
-IronX and many others scam people successful and run away well they will come back because they are able to fool people and nothing was done about it, this is the way of scammers
Be prepared for a whole new way to deceive you investors and bounty hunters, I heard research helps most times but not Everytime, if crypto space is really like this then it will drag crypto back a bit, like one step forward two steps back. Be prepared
Adab was hell lot of shit scam project, but anyone who complains about ironx is a little weird to me i'd say. Bounty hunting is always about profit and not necessarily if what the project brings to the table works out or not. Ironx traded beautifully well on forkdelta and likewise citios exchange. Until proper regulation it is hard to stop those frauds. But by proper research, you stand at an advantage to defeat and avoid the frauds in the Bounty marketing scene |
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Neo is probably one of the top coins on my book. Since it started it's going on a bullish run. Which I can personally believe that it can dominate coins in the future. It's a coin with a lot of potential which only a handful of coins out there have.
I disagree about neo being a top altcoins, Neo is not near a top token, its progress has stalled for quite a while now, while its blockchain is not been adopted as it should be. Neo is over 3 years and should not ve a coin of potential anymore, it's time to fulfill those potentials |
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Overcoming mistakes in trading is a very easy thing to do, the first thing you need to do is identify the mistakes; accept and admit the fault on your side; develop a solution to the mistakes; fix the mistake and master that act such that it does not repeat itself anylonger. Remember there cannot be any form of pride when it comes to crypto currency trading, because crypto currency trading humbles everyone.
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You should not think of going into trading if you hate to lose money. I have read some comments both here and on social media on how much has made and lose. Trading is all about losing and making money, if you are afraid of one then avoid it completely.
I have been trading stock and forex for more than 9 years now and of a truth it takes fearless mind to do so. You want to succeed in trade then you need to remove fear out of the way. Fear make you to lose money and opportunity.
I feel it is wrong to say that certain individual amidst traders hate risk; trading itself is a risk; willingness not to undergo further risk is a choice; and cannot be based on being afraid. Every trader has their daily targets; and while some extend their target; some don't go beyond their limits; it shows great composure and matured minds with core experience in trading to do that. Always do your own research. |
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In my own opinion, neo does not look like a certain crypto rival, it looks more like a coin that divides opinion amongst investors, there is no significant adoption of the platform and likewise, there is no form of surge in price of neo
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The Cartesi team has kept to the promise of bounty distribution after first 30 days of listing. The distribution which is going to be in three batches have started with the first released to hunters personal wallet. This is the first of its kind after 2017/18 as scam has taken over bounty hunting since then.
The token , Cartesi didn't have its first listing in any other exchange but to the envy of them all , BINANCE. And no wonder more valued exchanges have chased cartesi to be listed with them. Now, within one month of listing in binance, cartesi has been listed in about 6/7 more exchanges. Of course they say if it is good, it will be sort after.
Nice one to you Bubbalex. I don't think the forum has had such project going straight to binance in the past 3 years at least.
This definitely has helped the reputation of Bubbalex to bring new genuine bounties; while it also revealed to us all that there are good and honest teams, developers in the crypto currency space. The Cartesi has done the bare minimum by rewarding hunters without failing; something the likes of digitalbits find difficult to do. Now, the project is popular, on course to more exchange listing, and growing tremendously too. |
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