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Author Topic: how to trade short term in crypto,,  (Read 186 times)
goinmerry
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February 03, 2023, 07:18:20 PM
 #21

I'm still new to crypto, but I want to ask you all, how to trade for the short term in crypto, so that our continue to be profitable..?

There's no right strategy as it was all good timing. Even though others will say their ways why they continue to make a profit, it doesn't mean you can also do the same way since we have different ways of handling our coins.

What you need to do is to just continue trading even amid losses. But while you are losing, you should learn new things as your reference.

There is no other way to be a good trader but to build seriously a trading experience.
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February 04, 2023, 07:36:18 AM
 #22

I'm still new to crypto, but I want to ask you all, how to trade for the short term in crypto, so that our continue to be profitable..?

    -  When you say short-term mate, this is the one you buy crypto that you want to get profit in a quick time, and in this matter, you should learn to go deeper in trading here.

You should have a time frame, you can see that on every exchange site platform with 1min, 5min, 15min, 1hr, 4hrs, and more. Whatever you choose, when the time comes that you have set as a goal, when you see that there is a profit, even if it is small, sell it first and then set a buy order again at the price you want. And you should also be prepared for the risk that you can face in crypto trading.

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February 04, 2023, 09:00:11 AM
 #23

Short term trading is never easy, you need a lot of learning and skills before you start trading.

There are a lot of important rules that must be learned before actually starting, for example, in the beginning, you only venture with small capital that you can afford to lose, you also have to learn in the beginning everything about safety measures.

There are a lot of things, personally I would advise you to trade or invest in the long run as it is safer and more profitable.

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February 04, 2023, 09:30:22 AM
 #24

trading will likely cause you more harm than good, given that you are new to cryptocurrency, unless you have prior experience trading forex, stocks, or other speculative markets.
Yeah, this is in mind whenever someone wants to make fortune out of cryopto in short term. Especially bitcoin requires at least 4 year of patience to see the maximum benefit. If we want to reduce those waiting period then we need to sacrifice significant amount of benefits. When people try to reduce that 4 year waiting into few hours then the risk will explode exponentially which might end up losing. Short term is gambling in my opinion and if you understand the risks then you may go for it.

It takes days sometimes months for someone to want to learn and do short term crypto trading, in short trading the risk of loss is huge, remember, trading knowledge is very important.
Instead of spending time and efforts on learning the skills on effective trading, I guess it would be better going for holding for years to get maximum benefit with bitcoin. Even in current bullish trend, I guess making profits in bitcoin market is not easier for all traders; so, avoiding short term trades must be a good idea in my experiences.

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February 04, 2023, 10:29:13 AM
 #25

I'm still new to crypto, but I want to ask you all, how to trade for the short term in crypto, so that our continue to be profitable..?

I want to tell you a fact that may displease you: if you are a newbie, you should not be in a hurry to think about profits or how much money you will make in this market, think about what you should do to limit your losses. Honestly, I have never seen anyone make money immediately when they first start trading, most will be losses or even losses many times, and from there, many people gradually learn lessons to be able to make a profit. There is no method that can make money without knowledge. As a newbie, knowledge is what you should aim for, not profit.

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February 04, 2023, 01:42:37 PM
 #26

I'm still new to crypto, but I want to ask you all, how to trade for the short term in crypto, so that our continue to be profitable..?
For short term trade you need to choose best coins which has very good volatile movement and peak and down point of coins you want to invest. As a newbie it will be difficult to you to find this and I fear that you may be enter Fomo and lose your portfolio. My first to you is to learn some basic of Chart analysis and specific coins up and down with BTC volatility.
Money management is very necessary and you should not buy all at once but diversify your amount of trading into parts and then try to buy coin in parts. Stay away from future trading because it's full of risk and as a newbie you have no information about risk management.

Don't believe on YouTubers because they have been paid and most of the. Are sponsor of specific exchange. Use Binance or Coinbase because volume of these exchanges are very good and can buyy and sell on market price. Never buy new coins because it's very difficult to analyse the chart of new coins and there may be large token unlocking which cause price to be dump drastically. a I hope if you follow these basic rules , you will not loss much if market dump .



 

 

 

 

 

 


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February 05, 2023, 07:47:36 AM
 #27

When the TP is triggered, a trading position is opened and closed on the same day. This is known as short term trading. Long-term trade is very different from short-term trade; it all depends on how much time is spent on a trade each day. Everyone has a different rationale for choosing to engage in short-term or long-term trading. The long-term trade appears to be more profitable than the short-term, despite the fact that they are both risky. Short-term trading is highly difficult since it calls for accurate timing and chart scalping. Scalpers are short-term traders that use the market to their advantage in order to produce successful results.
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February 05, 2023, 08:51:57 AM
 #28

I'm still new to crypto, but I want to ask you all, how to trade for the short term in crypto, so that our continue to be profitable..?
This is quite difficult to answer because there are a lot of ways how to become a profitable trader.
But for me, you just need to be dedicated to your trading, you need to become patience, and stick to plan.
Once you develop the above, you need to master it and practice it. Always also think that not most of the time is good to trade, sometimes waiting the another entry is good if you already late and always don't chase your losses.

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February 05, 2023, 09:10:46 AM
 #29

First figure out what you do best in. People who are slave to emotions do worse in short term trading and should try otherwise.

Irrelevant but I have a friend who does short term leverage trading, he made good amount of money from trading matic, he would have made much more if he had held  Tongue
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February 06, 2023, 01:07:29 PM
 #30

thank you for the answers from YOU, and now I understand and can conclude that in my opinion, in investing, whether it is short term or long term, it is the same thing that is important to learn science first.

and I will lock this topic
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