That's actually not true, learning technical analysis is not something can only be taught and learned in schools. Of course education never hurts but it's not necessary. Just like in any other careers, experience is what matters alot in this business. Knowing by experience that you're doing the right thing at tough times is way more valuable than couple courses here and there.

Technical analysis and stock trading in general can be taught in the schools, but they cannot teach you the most valuable abilities of succesfull traders: calmness and experience. Those come only over time.

Only reasons traders should panic is when they wake up in the night sweating, remembering they didn't set their stop-losses. Anything other than that is the side-effect of bad trading strategy.

Investors on the other hand should be prepared to lose all capital that they're investing in BTC or anything else for that matter. They're not called "speculative assets" for no reason, they're exactly that, speculative. But if you've done your research on your investments and believe that they will be a crucial part in the constantly evolving world, you shouldn't be shaken at all.

Tradingview offers the option to add alerts to certain price ranges or ranges in indicators. This is pretty much what allows professional traders to have a life on the side when trading, no need to look at charts all day and wait for prices to enter your buy/sell-zones. Just add alert to it and be ready to rock n' roll when it goes of.

Getting rid of the emotions that can ruin your trades and learning atleast the very basics of technical analysis. First one being the hardest one to get rid off, and therefore also the most important. Just like in sports, you shouldn't jump straight into the big leagues before you're confident you can play the game, same thing with trading. You need to develop yourself as a trader before you start throwing money into exchanges, learn to trust your own analysis.

Start with paper trading.

Analyze coins & tokens of your choosing and when you're confident it'll go up/down, make a note for yourself saying that "Went long/short at xxxx-price" and see how the trade goes. If trade goes south, analyze what went wrong and reassess your strategy and try again. If you exited at profit, congratulations and keep up the good work.

Practice before you try anything, no need to lose money while starting your journey.

Hello everyone, there's alot of different topics related to trading discussed here by seemingly new people, but some things are rarely or never mentioned when prodiving advices to them. Indicators and patience are of course important aspects of the game but let me share you couple things that completely changed my game.

Risk-to-reward.

This is in my opinion the most important aspect in trading and often separates good traders from the bad ones. The method explained simply means: your possible gain must be X amount compared to your possible Y loss to be good R:R-setup. To put this into numbers: If you go long at support (6000usd) with -1% Stop-loss and the next resistance happens to be at 6700 and would gain you ~10%. That equals to 10:1 R:R.

You're possibly gonna lose 1% at MAX, but your possible gain is 10% = 10:1 R:R which is extremely good.

This is why it's crucial to recognize strong supports & resistances, that's where you get the best risk-to-reward-setups, there's no need to jump into trades impatiently. I'm not saying good R:R-setups would make you a profitable trader alone, but combined with strong knowledge on basic indicators & candles & patterns gives you great tools to be succesfull in any market.

I'm not going to post any videlinks in case they're forbidden, but i know there's alot of good analysts explaining R:R-setups in very simple steps. I highly suggest new traders watch those and consider implementing this tool to your game.

Best of luck to you all and may the trades be ever in your favor.

There has been very little FUD in the air in my opinion, quite the contrary.

Good news keep on coming every day and more institutions are getting onboard in offering cryptocurrencies and presenting them to the public.

Treat the bear like you treat sales in a normal shop, and i've never been worried about paying less money for same product.

Eventually yes, cryptocurrencies & blockchains are all about verifying, not trusting a third party. Therefore we should try to establish as decentralized ecosystem as possible. Without that that industry is kind of fighting against its core fundamentals by dealing with centralized entities.

Don't trust, verify.

Take profits earlier, you should recognize bearish divergence in time to exit your long and flip it to short. It's not wise to trade like a permabull and always go long.

Reassess your trading strategy.

The title should be "panic of new investors".

Everyone who is panicking right now is new, and every trader who is panicking for some reason didn't have their stop-losses set properly and therefore are amateur/new.

Look at the people who've been here for a long time and seen how the market cycles work, believe in cryptocurrencies and know something new people don't. This doesnt phase them at all.

"Cryptocurrencies are here to stay", these words were said in the European Commission couple days back, there's nothing to panic about.

Historically it has always been a great advice to invest in the future, old things rarely get a new boost from next generations. It's pretty accurate to say that virtual token/currencies are already familiar to younger generations, they understand why they're valuable and how to use them. Unlike stocks, which are alien to them.

Younger generations are much larger in size than the couple past ones, therefore they're going to be holding higher % of the assets in the world, that combined with the staggering amount of distrust the they have against the banks, i see a clear pathway to cryptocurrency adoption.

I've very little experience with bots & automated trading but what i've noticed from people using those, the bots tend to get in trades alot later than i would when trading manually. Therefore losing couple % gains straight from the get go. Of course it's not a major thing but still, bots that i've seen being used do not maximize profits.

Other than that, they do get into winning rates with relatively good success rate.

If you trade using certain proven strategy and it gets ruined by pump or dump, i wouldn't stop using it. In a sense you did the right thing according to indicators etc. but something abnormal ruined it, it doesn't mean you were wrong. Therefore no need to change the strategy.

You should stop trading all-together if you're doing losing trades, reassess your strategy and analyze what you're doing wrong. No need to knock your head on wood and lose money while doing it.

I'd recommend staying away from those groups, if those groups actually would make people rich, don't you think this sub-forum would be empty and no one would be here talking about trading?

The only people who make money from PumpNdump-groups are the creators of the group.

Trust in your own analysis and set up your stop-losses correctly. There's no need to be anxious when doing so, if the worst-case-scenario happens while you sleep, if your SL is placed correctly you should lose maximum of ~1% of your investment. That's all.

FOMO into pumps is ludacrious, every parabolic price action should be traded with caution. "What goes up in an escalator, comes down in a elevator"

That depends on how you want to work/not work for your income.

If you're handy with computers and like to work with tech etc. then mining would be more of your forte.

If you're person who's fine with taking occasional risks and likes to analyze candles etc. go for trading.

Choose the one that is closer to your personality.

Start of by analyzing daily price action, locate the resistance and supports. See where the price moves, if it's close to either support/resistance move into lower timeframe and see how the price reacts when hitting either one. Depending on the reaction either go long/short.

If it's nowhere near either, leave it alone and come back later. "Don't go into trades, let the trades come to you".

Start by "paper-trading", analyze your enters and exits without using real money. See how you do generally in trades and once you feel comfortable that you know what you're doing and the results show, you'll have more confidence and trust on your own analysis and trade when trading with real money.

When using real capital, the fear vanishes eventually once you're used to it. Just like anything else that you would fear at the start, once you've done it many times it becomes second nature.

I'd rather use the already established ones that are known to have their safety measures in place and "battle-tested" with great success. Trading in general is hard enough, you don't need to play the game in extra-hard by gambling in shady exchanges.

If you're long term investor bear markets shouldn't affect you negatively. I've never seen anyone in real life who would rather pay more of the product that they want, than less. Exactly the same thing with Bitcoin. 10 out of 10 times i would rather pay less for my investment.

Think bear markets as "sales", makes you feel much better about the situation.