5 Things All traders should Do

[Priceslide]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

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[Gahs]

Thanks for the heads up. In number four, you said we should be selling when the coin is going up, not buying.
How would you know a coin is going to go up? You can only risk that move with coins that have stayed at top 10 for at least two months.

[Doubler Disburser 232515]

I would have thought such gems as "know when to pull out", "don't over commit" and "be prepared to wait" would have been more obvious ones.

Will be interested to see what other ones are thought up.

[Backside walkaround]

"Always be logical" isn't the opposite of "Never be emotional".  Just Fyi.  I do agree with both of them.  Fear and greed drive traders to do some really stupid things.  Not sure what kind of logic exists with crypto.  There's not much to analyze.

[shinratensei_]

All of that is a part of the important reason is need to be remember for traders, but thanks before bout this article... maybe there are another point is not listed in there.

[Herbert2020]

Thanks for the heads up. In number four, you said we should be selling when the coin is going up, not buying.
How would you know a coin is going to go up? You can only risk that move with coins that have stayed at top 10 for at least two months.

read the two sentences before that. it is about not being emotional and not just simply following the other sheep in the herd!

but when you separate the part about not buying when the price is going up, it can have a lot of exceptions. for example there are a lot of times that you can't catch the rocket to the moon and the price has not yet reached the moon so you get on mid way and get out with a smaller profit but still make a nice profit out of it.

as an example i can say XMR when the price was rising i made a lot of trades and made a lot of profit short term because i got in late but still got in before the top.

[iv4n]

I find that is very hard to follow this rules, they are good but how to not be emotional? How to be prepared? I read so much about different coins, how to know is some coin is just a scam, or coin have a future?
I think not everyone can be a trader, analytical mind is needed for this.Mind that can proces million different informations, where are 999 990 informations stupid and irrelevant.

[Pursuer]

I find that is very hard to follow this rules, they are good but how to not be emotional? How to be prepared? I read so much about different coins, how to know is some coin is just a scam, or coin have a future?
I think not everyone can be a trader, analytical mind is needed for this.Mind that can proces million different informations, where are 999 990 informations stupid and irrelevant.

yeah I agree, trading is not for everyone not only because it needs a lot of analysis and a strong will with no emotions but also because it is a very stressful job that can cripple you especially if you have invested a lot of money in it.
it has caused a lot of suicides in the history because people couldn't handle the big losses they sustained.

[senyorito123]

But to be honest its very hard to follow does steps if those traders doesn't have any patience to wait for the right time and suddenly drop bad decision upon their hodl/buy coins and sometimes we cannot do some preparedness since not all traders have enough time to monitor all happenings on their desired altcoins, and so maybe lacking of time to do trades affecting those emotional feelings of fellow traders upon giving quickly decision about selling immediately their coin to avoid lose or more lose.

[zend7]

I find that is very hard to follow this rules, they are good but how to not be emotional? How to be prepared? I read so much about different coins, how to know is some coin is just a scam, or coin have a future?
I think not everyone can be a trader, analytical mind is needed for this.Mind that can proces million different informations, where are 999 990 informations stupid and irrelevant.

yeah I agree, trading is not for everyone not only because it needs a lot of analysis and a strong will with no emotions but also because it is a very stressful job that can cripple you especially if you have invested a lot of money in it.
it has caused a lot of suicides in the history because people couldn't handle the big losses they sustained.

Unfortunately people think that they will win during their trading. This is the biggest mistake they make. I know a few friends who used to wake up at 2 Am to just check how their trading was going.

They couldn't sleep and started to have sleep disorders. They started showing signs of addiction, not clear thinking and this impacted their life and their jobs.

It's been a while I don't know anything about them but I am sure they have not committed suicide otherwise I would have seen that in the news.

What I want to say is that trading just like gambling is not for everyone.

[Oralmat]

Absolutely you are right, these points really help us, and should learn for the trading, I also realize something, if we follow the rules, than definitely we can make profit from trading, not only these rules, but made rules for yourself. But as you said, these are basic rules and follow it than of course it help us.

[BitcoinHodler]

I find that is very hard to follow this rules, they are good but how to not be emotional? How to be prepared? I read so much about different coins, how to know is some coin is just a scam, or coin have a future?
I think not everyone can be a trader, analytical mind is needed for this.Mind that can proces million different informations, where are 999 990 informations stupid and irrelevant.

yeah I agree, trading is not for everyone not only because it needs a lot of analysis and a strong will with no emotions but also because it is a very stressful job that can cripple you especially if you have invested a lot of money in it.
it has caused a lot of suicides in the history because people couldn't handle the big losses they sustained.

Unfortunately people think that they will win during their trading. This is the biggest mistake they make. I know a few friends who used to wake up at 2 Am to just check how their trading was going.

They couldn't sleep and started to have sleep disorders. They started showing signs of addiction, not clear thinking and this impacted their life and their jobs.

It's been a while I don't know anything about them but I am sure they have not committed suicide otherwise I would have seen that in the news.

What I want to say is that trading just like gambling is not for everyone.

Wow, that is just weird!

I know that trading is a very stressful job, as he said the more money you invest the bigger your stress would be. But I never thought there are people with this much stress still continue trading. Someone should tell them "Change your job already!"

Nobody is forcing you to put yourself through agony just to be involved with trading and investment.

[dunfida]

1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The opposite of never be emotional. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

Its quite helpful and  we should considered this  to do when we are  trading but  im little bit   confused on number 5 which  we cant really say that a certain coin would be  on its peak price since  we wont know after all and we dont  know  future. Negative profits and mistakes on trading  are just normal after all.

[deisik]

"Always be logical" isn't the opposite of "Never be emotional".  Just Fyi.  I do agree with both of them.  Fear and greed drive traders to do some really stupid things.  Not sure what kind of logic exists with crypto.  There's not much to analyze.

It is not but still pretty close. When you get agitated you can't think logically since the emotions you feel simply switch off that part of your brain which is responsible for logical thinking, and your reasoning becomes chaotic and disruptive. But if you don't possess good logical thinking skills as such, whether you are agitated like a wasp or cool as a cucumber is utterly irrelevant...

This seems to be the point you are trying to make

[Cozynunu]

1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The opposite of never be emotional. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

This things are allot what we need to know in your opinion i dont think we should all know this because everyone who is trading has his own strategy so leave this behind.

[ethereumhunter]

1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The opposite of never be emotional. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

Its quite helpful and  we should considered this  to do when we are  trading but  im little bit   confused on number 5 which  we cant really say that a certain coin would be  on its peak price since  we wont know after all and we dont  know  future. Negative profits and mistakes on trading  are just normal after all.

its a good tips for us which trading in cryptocurrency. and same as above, i am little confused too about number 5. never sell all your coins at once.

maybe the OP want to said that if we make many order buy and is filled, we need to sell part by part and not to sell all in. but perhaps, we have to wait for the OP to explain what he's mean with number 5.

[Priceslide]

Wow! Thank you for all your replies!

Never be emotional is meant to say that it's the same as always be logical - stated in the positive. It's the same phrase stated in the opposite way. Just a grammar typo. Thank you for pointing it out.
Logic in crypto is maintaining a buy-low/sell-high mindset even when coins are having massive fluctuations in price.


Trading XMR above .015 is really gambling, even if you can make a lot of money with it, it isn't following the fundamentals I'm suggesting here.

I liked what you said about 99% of the coins information being irrelevant. It's mostly true, because basically all the alt- coins can be viewed as basically the same. What you really need to be prepared about is everything I stated in my post. Understand how people are generally talking about the coin. If it was super hyped and has dropped 80-90% from its peak, but not because a developer dumped their coins or because of a scam accusation, then there's an insane likelihood that the coin will pump - even if it takes 1.5 years lol.

Make sure trading doesn't turn in to a gambling habit for you - waking up at 2 AM to "check your trades" is pointless. You should have buys and sells placed intelligently so that if the coin goes up or down you are making a profit.

dunfida- i'm sorry you're confused about number 5. When you are accumulating a coin, you can start to put small sell orders in the orderbook so that if there are price increases you make money, then you put small buy orders down so that if there are any price decreases, you're prepared and are buying more. When pumps happen, it can be very tempting to sell after 150% increases, but if you sell all of your coins after 150%, you may miss out on 3 more days of pumping that lead your chosen coin to be at 1500% and you've missed out. does this answer your question?

I wanted to say that if you make many buy orders on the way down - following a proper accumulation method (outlined here: https://priceslide.wordpress.com/2016/09/16/accumulate/) and you get filled, you need to sell as the coin goes up, not all at once.

[South Park]

This is good advice but I would like to add the next as a side note, following principles and rules to the letter is fine but you must recognize that there are moments in which sometimes the correct move is to break the rules, those that know this, by instinct or experience, end up being the best in their fields.

[Robertqueen2]

Seems you are an experienced trader, because these points and tips can be obtained after many losses and profits, all your points are absolutely important and any trader should follow it in order to avoid a lot of losses.

[BitFinnese]

This  is a great advice.  The amount of wisdom on trading that is inculcated in my mind had grown.  this is good for a beginner trader like me.  I have always been impatient when it comes to waiting on the right time to sell. 

This is good advice but I would like to add the next as a side note, following principles and rules to the letter is fine but you must recognize that there are moments in which sometimes the correct move is to break the rules, those that know this, by instinct or experience, end up being the best in their fields.

I think this is called fluidity. Being able to adopt in certain situation.  We all know  that rules are not applicable all the time.

[deisik]

I find that is very hard to follow this rules, they are good but how to not be emotional? How to be prepared? I read so much about different coins, how to know is some coin is just a scam, or coin have a future?
I think not everyone can be a trader, analytical mind is needed for this.Mind that can proces million different informations, where are 999 990 informations stupid and irrelevant.

yeah I agree, trading is not for everyone not only because it needs a lot of analysis and a strong will with no emotions but also because it is a very stressful job that can cripple you especially if you have invested a lot of money in it.
it has caused a lot of suicides in the history because people couldn't handle the big losses they sustained.

Unfortunately people think that they will win during their trading. This is the biggest mistake they make. I know a few friends who used to wake up at 2 Am to just check how their trading was going.

They couldn't sleep and started to have sleep disorders. They started showing signs of addiction, not clear thinking and this impacted their life and their jobs.

It's been a while I don't know anything about them but I am sure they have not committed suicide otherwise I would have seen that in the news.

What I want to say is that trading just like gambling is not for everyone.

Wow, that is just weird!

I know that trading is a very stressful job, as he said the more money you invest the bigger your stress would be. But I never thought there are people with this much stress still continue trading. Someone should tell them "Change your job already!"

Nobody is forcing you to put yourself through agony just to be involved with trading and investment.

It may seem no less weird, but without such addiction (maybe, a little bit less pronounced) you may not get to the top of the trade, so to speak. Any activity requires a kind of dedication if you want to become successful at it at all, and I think that trading is no exception to this rule. So just staying cold-blooded may lead you nowhere unless you get there by going through extremes, or at least by getting a feel of the extremes with your own skin. You won't lose much, but you won't earn much either, just like if you were staying away from trading altogether...

In other words, no gain without pain

[amacar2]

Thanks for good tips, i really like this one "never put all your eggs in one basket". Yes better to diversify your investment over several coins than bagholding shitcoins for years.

[Babayega31]

Thanks for good tips, i really like this one "never put all your eggs in one basket". Yes better to diversify your investment over several coins than bagholding shitcoins for years.

Yes I believe that not only should you put in the same basket all the egg when the basket fell all broken . So when you invest you do not put all your money in one investment to lose one if you have more money left to compensate . And preferably before you invest to study carefully so you do not sink .

[Viyamore]

But to be honest its very hard to follow does steps if those traders doesn't have any patience to wait for the right time and suddenly drop bad decision upon their hodl/buy coins and sometimes we cannot do some preparedness since not all traders have enough time to monitor all happenings on their desired altcoins, and so maybe lacking of time to do trades affecting those emotional feelings of fellow traders upon giving quickly decision about selling immediately their coin to avoid lose or more lose.

Yeah so true ,as the traders saw the coin they invested or bought was dump far from the buying amount they actually both ,one thing will come to their mind is a panic selling which don't let their mind think about what are the guidelines and we don't have the right to blame them because of their experiences on other coins especially on scam coins .

I will add Researching about coin.
Diversify (divide your money )
Buy and hold
When to buy and sell(Right timing )
Monitor the move of traders

I don't need to elaborate if youre a trader you will understand it .

[South Park]

I find that is very hard to follow this rules, they are good but how to not be emotional? How to be prepared? I read so much about different coins, how to know is some coin is just a scam, or coin have a future?
I think not everyone can be a trader, analytical mind is needed for this.Mind that can proces million different informations, where are 999 990 informations stupid and irrelevant.

yeah I agree, trading is not for everyone not only because it needs a lot of analysis and a strong will with no emotions but also because it is a very stressful job that can cripple you especially if you have invested a lot of money in it.
it has caused a lot of suicides in the history because people couldn't handle the big losses they sustained.

Unfortunately people think that they will win during their trading. This is the biggest mistake they make. I know a few friends who used to wake up at 2 Am to just check how their trading was going.

They couldn't sleep and started to have sleep disorders. They started showing signs of addiction, not clear thinking and this impacted their life and their jobs.

It's been a while I don't know anything about them but I am sure they have not committed suicide otherwise I would have seen that in the news.

What I want to say is that trading just like gambling is not for everyone.

Wow, that is just weird!

I know that trading is a very stressful job, as he said the more money you invest the bigger your stress would be. But I never thought there are people with this much stress still continue trading. Someone should tell them "Change your job already!"

Nobody is forcing you to put yourself through agony just to be involved with trading and investment.

It may seem no less weird, but without such addiction (maybe, a little bit less pronounced) you may not get to the top of the trade, so to speak. Any activity requires a kind of dedication if you want to become successful at it at all, and I think that trading is no exception to this rule. So just staying cold-blooded may lead you nowhere unless you get there by going through extremes, or at least by getting a feel of the extremes with your own skin. You won't lose much, but you won't earn much either, just like if you were staying away from trading altogether...

In other words, no gain without pain

This is true if you look for the very best in any area, whether this is soccer, chess, physics, etc. You will find persons that are obsessed with being the best that they can be, I think this is called “The Rage to Master”

[Natalim]

I just finished reading it and I like it because it is so detailed, this is all I need to know to be a successful trader.

Admittedly, sometimes I cannot hold my emotions to take over my decision making in gambling, maybe I need to control myself a bit.

[Barbut]

You made a point with this 5 things we should do to be successful in trading. I tried to trade, and I didn't have luck. I think it's not so easy to follow this advice's. I can move emotions on a side, but preparation is different. I'm not sure how we can prepare ourselves, I'm reading about alt coins but every coin has some follower's that wrote nice things about it. How can I know what is true and what is lie?
I think like some other people, trading is not for everyone.

[davis196]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

I totally agree with the list, but we always will need some luck,when it comes to trading.

I never sell when the price goes down.Panic selling is the number one wrong strategy.

When the prices go down just wait,don`t sell.

[exscudo]

Quite general pieces of advice, though. I'd add some points like 'Stay tuned about the ltest cryptocurrency news', 'Always research before investing in new currencies', etc. The lack of information often leads to losses.

[outatime1]

I agree with all of those points. You could also say don't buy all your coins at once. Sometimes it's good to hold some cash to buy if the price drops lower than you expect.

[harizen]

I agree with all of those points. You could also say don't buy all your coins at once. Sometimes it's good to hold some cash to buy if the price drops lower than you expect.

That's what you called a having an extra ammo if the price went to a more dipping movements after you did a buying action on the said price. In other term, taking advantage of every dip.

So in here, analyzing all the possible factors why the price dips after your last move must be placed on the table so eventually your extra ammos is worth to execute.

[South Park]

I just finished reading it and I like it because it is so detailed, this is all I need to know to be a successful trader.

Admittedly, sometimes I cannot hold my emotions to take over my decision making in gambling, maybe I need to control myself a bit.

Mistake, the advice given by the OP is correct, but this is in no way all what you need to know, if you want to be a successful trader you will probably need to read and digest a few books and probably you will need hundreds of hours of practice doing trades, trading is a lot more difficult than what you may think.

[el kaka22]

Very nice and useful suggestions, every trader must have to remember while going for trading.
In my experience trading is also a test for our emotion control, so remembering these suggestions would be a biggest challenge for the traders, I am saying these from my own experience.

[BitcoinPC]

I think you are experienced man in trading, because these points of main things which we should know about it, because trading is not easy as we think, and every business has some rules, So in trading as you said these are main rules and we should follow it.

[Goms]

I decide on which altcoin to buy based on their price over a range of 7 days or more.

[mishra1994]

Ok well thank you for that and nicely covered the basics and the topics.Actually i am the one who is thinking to start trading bitcoin because since long time i am only doing signature campaigns and collecting coins.So i would surely follow these points in my trading.

[Nahl]

indeed those thing is looks reasonable and maybe yes all traders must have that but regarding number 1 very difficult to control my emotion because if something didn't happened according to my predictions i would become an very pissed and emotional also has ruin my trading activities several times

[beerlover]

Thanks for nice guide. But these are very much general things, I mean to say these are also applicable to gambling or any profession with slight modifications. I just conclude if we behave matured, we will get chances to stay safe and profitable.

[danherbias07]

Points taken specially the "never be emotional"  as a trade that tends to happen a lot. Excitement from seeing that profits are coming and you want to press that sell button. It is too inviting and the smile wont get out until you pressed it. But regrets come after that.

[Dudeperfect]

Thanks for this article. I was very emotional when I started my trade and my greed taught me a good lesson and since then I never ever let my emotion overpower my trading strategies. When I think that I should invest in a particular coin without proper research I log out of exchange account and listen to music. It is really important to deal with greed before it kills our capital so I prefer no profit instead of risky greedy trade.

[Caladonian]

it is really helpful making me think of practicing it by now i know im one of those who enjoyed day trade but looking into much bigger perspective i seen that this guidelines will improved my style not just doing it for short earnings but to be a pro i need this kind of stuff well been practice good luck and hope to see more coming from you OP.

[RkVza]

Excellent post

[Nivir]

Great tips. Especially to trading beginners like me that just started few days ago. And with some promising coins on ICOs I guess the future is a bit clear.

[gandame]

Its a good tip hope that help to me to earn money because if i trade i only buy 1coins. So i try to buy some other coins to get more profits. I always afraid that my coin can drop the price so i do short trade. I do not like to trade my coin in a long time if have profit i sell it. But sometime i lose my money becauae when the coin down i sell it with no profit because of that afraid. So thank you for the tip that is a big help.

[pedrog]

Your blog is quite a good read, you got a new follower here.

Thanks for sharing.

[xuan87]

it's a good tips for traders, the one that is most important in trading is you need to control your emotion, panic sell is the most case that lead to the lost money, you need to think clear before do the transaction, and remember trading also contain high risk of losing your money, so be really careful when you decided to start trading

[HeroCat]

The first one is most important - not be emotional, otherwise you can not make the right decision. Most important is to choose right time for buying and right time for sales, not too fast and not too late. Therefore emotional aspect is very important for any trader working with BTC/Altcoin etc.

[talkbitcoin]

the number 4 Always be logical is one of the worst thing that happened to me because i was not following this important rule. i have always heard it and knew about this rule but for a while in the beginning despite knowing this, i kept making bad decisions because of getting emotional and getting caught up in the hypes.

[bitbunnny]

I agree with all five things, especialy with the first one. Getting emotional, especialy when I started to panic costed me a lot at the begininig before I've learned how to keep the cool head. And very important is timing and your own sense for trading and ability to predict things.

[serjent05]

Nice tip there on how to approach trading.  This is often the most error of new traders including me.  Sometimes emotion gets into our brains that lead us to choose the wrong choice.  Another thing about emotion is when the price starts to climb, greed take over us on waiting for the price to get even higher even if we know that it is very impossible then left out bag holding the coins that should have been sold.  I agree that we should sell coins by part, not all at once because there is always a possibility that the price will increase further.

[StarofBTC]

I agree with all five things, especialy with the first one. Getting emotional, especialy when I started to panic costed me a lot at the begininig before I've learned how to keep the cool head. And very important is timing and your own sense for trading and ability to predict things.

Yes, focusing on our emotional control must be the very essential step we need to learn foremost. Without emotion control, our trading will never be concluded in profits. Because, we need to stop our trading to book profits otherwise market may turn against us. I too like all 5 points and using them to fine tune my trading skills.

[BitcoinPC]

I agree with all five things, especialy with the first one. Getting emotional, especialy when I started to panic costed me a lot at the begininig before I've learned how to keep the cool head. And very important is timing and your own sense for trading and ability to predict things.

Yes, focusing on our emotional control must be the very essential step we need to learn foremost. Without emotion control, our trading will never be concluded in profits. Because, we need to stop our trading to book profits otherwise market may turn against us. I too like all 5 points and using them to fine tune my trading skills.

I agree, actually these are basic points, every good trader should know about it, but sometime we miss the chance even we know about all rules, because of our negligence and sometime our greediness give us lose, Actually i have a experience of it, i have miss some good chances even i know how to do trading.   

[boyptc]

I agree with all five things, especialy with the first one. Getting emotional, especialy when I started to panic costed me a lot at the begininig before I've learned how to keep the cool head. And very important is timing and your own sense for trading and ability to predict things.

Yes, focusing on our emotional control must be the very essential step we need to learn foremost. Without emotion control, our trading will never be concluded in profits. Because, we need to stop our trading to book profits otherwise market may turn against us. I too like all 5 points and using them to fine tune my trading skills.

I agree, actually these are basic points, every good trader should know about it, but sometime we miss the chance even we know about all rules, because of our negligence and sometime our greediness give us lose, Actually i have a experience of it, i have miss some good chances even i know how to do trading.   

Well emotion is really important in trading because that is the one the will make you reach the success. Because if you are not going to be careful as you trade then for sure that is just going to lead you to lose all of your trades easily because you are letting your emotion to control you. Just let yourself confident and just keep daily up to dates updates.

[The Sceptical Chymist]

6)  Invest in a good blood pressure cuff with stethoscope or a good BP machine.  Pulse should be under 100.  If your vitals are getting out of whack, then you know it's a good time to step away from the computer, close out your positions, and chill the F out for a while. 

I could not trade anything professionally.  I'd be in the county morgue within a month, and likely on food stamps before that.  Good luck to those with balls of steel.

[kidoseagle0312]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

Thank you very much for the very informative tips of advice in trading to anyone. I think it will be useful if any of the member of this forum will follows those advice. But it can also be turn into waste if the traders will come up into greediness.

[Strongkored]

for number one is hard for me to maintain my emotional when the price is going down i always afraid the price can't be go up again and i will sell all my coin, and for number five truly i'm always missing the pumping cause i'm always sell all my coin in one part, never separate it, but now i will try to keep my coin and missed the pump again

[clickerz]

for number one is hard for me to maintain my emotional when the price is going down i always afraid the price can't be go up again and i will sell all my coin, and for number five truly i'm always missing the pumping cause i'm always sell all my coin in one part, never separate it, but now i will try to keep my coin and missed the pump again

Same here also. I remember when I am new to trading that when prices goes down, I get panic and starts to sell at low price not knowing after a day it goes back to normal and even shoot up. Sometimes a week or even months. Thats why, try to learn the coins movement,be aware always on whats happening,read the ANNouncement thread here for Devs update.

Thanks for this advice, great reminder and tip for those who are starting to trade.

[mace15]

All of those strategy are hard to follow. You can add
also in trading strategy is a decision-making.
Decision-making when to hold or sell the coins that
you bought. But all of these strategy that you posted
really helps the traders.

[gokayc]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

You say that: "When the coin is down, just start slowly buying. When it’s up just start slowly selling".

So in this point we always need to keep some assets to buy some coins anytime when it's price starts to decreasing. I got it right?

[carlfebz2]

All of those strategy are hard to follow. You can add
also in trading strategy is a decision-making.
Decision-making when to hold or sell the coins that
you bought. But all of these strategy that you posted
really helps the traders.

Its really hard to follow it  on  the first  place especially when you are just  starting  but  when you intend to  follow  it   on  every  trade you would  make  you would  surely get used to it and  these  ways are  useful though and  important  on which  you could somehow increase the chance  on making succesful trades in the future.

[PsursV]

to me the the 5 things that all trader should do are as follow.
1..  every trader should do trade in such items in which he as some good knowledge about it. 
2,,,, all trader should invest such amount of money which he can easily bare to lost.
3.... all traders should avoid trading on loan.
4..... traders should try to trade for lonng term.
5.... traders should invest in trading according to his experience.

[X-ray]

You say that: "When the coin is down, just start slowly buying. When it’s up just start slowly selling".

So in this point we always need to keep some assets to buy some coins anytime when it's price starts to decreasing. I got it right?

seems that trick only can be implemented for the rich traders not for traders who only having small amounts of deposits for trading,they will buy the coins with all of their balance because they didn't ,they will only gain small profit

[Victorycoin]

Most times traders blow their account not for lacking the right knowledge or trading skill, but simply because their emotions got the better of them. Truth is, no trader like to lose, however it is near impossible to not lose in a very speculative and volatile market as this. So ordinarily, losing one time or the other ought not to be an issue, what becomes an issue is the way and manner a trader sets out to recovery his/her lose and often times it is even their next action after a handsome win.

[electronicash]

One advice i've read before is that if a trader finds himself and realize he had bought a coin which itseem like he don't know why, sell the coin in that very moment. Its going to be a worry free situation for him.

[clickerz]

One advice i've read before is that if a trader finds himself and realize he had bought a coin which itseem like he don't know why, sell the coin in that very moment. Its going to be a worry free situation for him.

I agree and I call this as "Don't love your coins".You will realize this if your trading for quite some time. I mean here that when theres an opporuity where you can have a profit,I sell. Long Trade is also good, but if you see your already losing and upon reading the ANN,devs already abandoned etc and your not selling ,you may incur more losses.

[ekoice]

Yeah, its true.Most people trade based o emotions. When the price of the coin they goes a little down, they get scared and start selling it without knowing its worth.They should follow patience while trading

[ontrackk]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

I agree with first thing most,  as lots of new traders(sometimes old ones too) panic often and they sell all their bitcoins,  but usually price rises after some time

[trinhdinhthang20007]

Very helpful to everyone, thank you very much.

[muncuss]

Yeah, its true.Most people trade based o emotions. When the price of the coin they goes a little down, they get scared and start selling it without knowing its worth.They should follow patience while trading

i still hard to managing my emotions. Down price isn't problem for me, but greed makes me lost the moment to sell. Then i must wait again for next pump. My advice: "don't be greedy, 10% profit is enough"

[asyakashi]

Very useful all traders should read it, at least this can be a handle to become a successful trader.
There are some difficult points, the first point is very difficult because it is related to emotions. Emotions are very difficult to control and require long learning. And one of the biggest problems for a trader is PANIC.

[Rahar02]

to me the the 5 things that all trader should do are as follow.
1..  every trader should do trade in such items in which he as some good knowledge about it. 
2,,,, all trader should invest such amount of money which he can easily bare to lost.
3.... all traders should avoid trading on loan.
4..... traders should try to trade for lonng term.
5.... traders should invest in trading according to his experience.

Every trader should know that some coins really has good potential and rest of it just useless coins which maybe pump once and then dumped for good. Every trader should develop their sense to choose the best coins, such as monero when it was $20 few months ago and it reach over $100 righ now. Some coins will be profitable if you can be patient as long as those coins really has usability instead of just for trading purpose.

[Egayerm]

Top 5 Things Every Stock Trader Should Know.
5. Don’t Chase, Fibonacci Retracement.

High flying stocks, ripping on volume can make you a lot of money. But you can also lose…and lose big. If you’re a swing trader, entries are everything. If a stock is ripping, at high of day, or its up 30, 40, 100% and you decide to buy, then you should be prepared to have a firm stop, and stick to it. Knowing breakout and resistance levels will help you make better lower risk entries. Fibanocci retracments is a great tool to utilize when dealing with these type of stocks. If you don’t get your desired entry don’t take the trade or consider reducing your position size to reduce exposure.

4. Keep Emotions out of your Trades.

This will be the hardest thing to learn and practice. Its always going to be there, but reducing it as much as possible will help you in the long run.  Emotions can cause you to lose focus of your strategy. Eventually your emotions will lead you in the right direction after you’ve been trading for a while and you can start to rely on them to make better decisions.

Related Blog Post: How to Control you Emotions while Trading

3. Learn to Read Charts.

Reading charts will make you a better trader. The better you are at reading charts, the higher your chances are that you will be ahead of other traders. Learning how to react to volume, price changes and moving averages will help keep you on top of the game. You should already be familiar with Steve Nison’s candle charts, if not, stop what you’re doing right now and go to his website. Every trader needs to know Nison’s basics to candle charting at the very least. Check out his site www.CandleCharts.com

2. Don’t let Greed affect your Trading Principles.

Every single one of us have been there. If you’re being greedy, you aren’t following the rules. You’re not protecting your profits, playing too large size, not paying yourself or taking on too much risk. Greed is a nasty thing. It’s what leads most traders to failure. We all can’t deny that we want the most profit, we want to wake up in the morning and have a 50% winner…its not likely, and you shouldn’t increase your risk for something that can be so uncertain.

Related Blog Post: Is Being Greedy Hurting your Profits?

1. Risk Management.

The most absolute important part of trading stocks. Your calculated risk should be considered in every single trade. It’s what determines your max risk, profits and position size. If you are entering a trade without asking yourself what your profit to loss ratio is, then you shouldn’t be trading. It lowers your stress levels because you know that you’re prepared to lose a set amount and if you get stopped out, you just move on to the next trade. Tip ~ Set your max stop in relation to important resistant levels (or just below) and size your position accordingly. This will help keep you from getting stopped out too soon and gives your trade more room to work in your favor.

Learn how this trader turned 15k in to over 1.6 million!

swingtraderz.com/top-5-things-every-stock-trader-should-know

[Sled]

to me the the 5 things that all trader should do are as follow.
1..  every trader should do trade in such items in which he as some good knowledge about it. 
2,,,, all trader should invest such amount of money which he can easily bare to lost.
3.... all traders should avoid trading on loan.
4..... traders should try to trade for lonng term.
5.... traders should invest in trading according to his experience.

Every trader should know that some coins really has good potential and rest of it just useless coins which maybe pump once and then dumped for good. Every trader should develop their sense to choose the best coins, such as monero when it was $20 few months ago and it reach over $100 righ now. Some coins will be profitable if you can be patient as long as those coins really has usability instead of just for trading purpose.

That is the main thing should traders do in their beginnings they should learn how to choose which coin is the best to buy and what it is the best to buy in the market. It is useful or it is just for trading purposes. Every trader should know the difference for that and if they will become a good analyzer for the different coins out there then they can easily make profit.

[Similificator]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

Wow, thanks op! These are pretty good advices from 1 to 5! Specially for newbies like me who are looking for other ways to earn and increase our profit. Because begginers like me tend to go and spend all we have because we want fast income and always want shorcuts if we see an opportunity, not thinking what the consequences may be in the aftermath. I actually thought of this when i first heard of trading. Good thing I haven't done anthing yet.

I think this should be moved in the begginers help section so people like me who are looking for various ways to get income can see this and prevent any stupid decisions.

[MRlong]

Yeah, its true.Most people trade based o emotions. When the price of the coin they goes a little down, they get scared and start selling it without knowing its worth.They should follow patience while trading

i still hard to managing my emotions. Down price isn't problem for me, but greed makes me lost the moment to sell. Then i must wait again for next pump. My advice: "don't be greedy, 10% profit is enough"

LOL, with other market, earn 1% per day is good profit. Why you want earning more profit while you can loss a lot of money anytime? In my opinion, the bubble and volatility of cryptocurrency market has make most trader have thought get rich fast.

[voltesbit777]

5 things all traders should do such as follows:

1. Traders must be knowledgeable for every coins He/She will going to buy before doing the actual trade.

2. Traders emotions must be control by themselves.

3. Traders must know how to maximize or minimize their loss.

4. Traders must be risk taker.

5. Traders must know how to analyze the chart/graph in the monitor.

[datodota002]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

this very refreshed information and i could use this information to calmed down my "panic" trader friend 

[Victorycoin]

One advice i've read before is that if a trader finds himself and realize he had bought a coin which itseem like he don't know why, sell the coin in that very moment. Its going to be a worry free situation for him.

Such a situation as buying a coin one knows next to nothing need not arise in the first place, if a trader had taken a cue from op second tip: Always Be Prepared! The need to know one's market like the back of one's hand can never be overemphasized and the fewer the coins one concentrates his/her energy on, the better they are able to stay abreast with latest developments in the ecosystem. Trying to master a bunch of coins is simply an invitation to leave more money on the table.

[majeed]

I think there is only one thing that traders need to do: Learning. There are many traders skip this step because they believe that they can earn money with trading easily. They are totally wrong. Trading will be easy if you have obtained some knowledge but it will become the worst if you do not have a piece of knowledge in this field. Therefore, I highly recommend you to learn before trading

[muncuss]

Yeah, its true.Most people trade based o emotions. When the price of the coin they goes a little down, they get scared and start selling it without knowing its worth.They should follow patience while trading

i still hard to managing my emotions. Down price isn't problem for me, but greed makes me lost the moment to sell. Then i must wait again for next pump. My advice: "don't be greedy, 10% profit is enough"

LOL, with other market, earn 1% per day is good profit. Why you want earning more profit while you can loss a lot of money anytime? In my opinion, the bubble and volatility of cryptocurrency market has make most trader have thought get rich fast.

oh that number is, something like example. I mean small profit is enough, you still gain profit even if only 0.5% .
You know, for some trader with a little money, 1% is too small

[benjioneniner]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

[arpon11]

Most strategy I have see work for me is " never put your egg in one basket" that is number three in op five list. Many people are disappointed in trading because of putting all they risk capital in just one new altcoins. At the end they feel disappointed because there investment go against they prediction. The best way to have your brain rest is to split your capital in up to ten different coins.

[asyakashi]

Controlling emotions becomes the most difficult thing to do. Every trade wants a profit, when it makes a profit it is perfectly normal to want to keep it. Human nature is like that. Already getting 10% then he's trying to get 20% and so on. Emotions that make us lose control and not focus. in the end we lose our strategy or worse lose money.

[khufuking]

Thanks a lot for whoever pumped that thread this 5 things is really helpful even tho I do not follow most of them at the moment but I have my reasons and I am accepting my risks I have all my money now in 2 coins hope I will get my target out of it . This thread is just a reminder for me I will try changing my trading habits soon I hope .

[Pakboy]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

I agree to you that all of the strategy that you stated should be use by all trader. I know all of that techniques and strategy will help to become a professional trader. We can earn a lot of profit by doing that.

[Rizky Aditya]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

[hackl3r]

Don't panic!! and don't bet money that you can't lose, i mean money for eat.

[TitanGEL]

Yeah I think that we must do all the things that you said. All traders must know to when is the right to sell their coins. They must do a great decision for them to do not regret the things that they will made.

[Cormoran]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Right now, it's a long-term bull market and holding is indeed a great strategy. Perhaps you should think about when you actually recoup your investment or profit from it, though? Don't let fear rule you, but don't let blind optimism do so either. Bitcoin is priced based on people's confidence in it, and it can indeed crash just like many other investments have. It may seem unlikely now, with an established market, but it's not like the bitcoin miners are entirely specialized to bitcoin - they're just SHA256. The market as a whole could adjust to bitcoin crashing within a week, leaving those who held through the entire run very unhappy that they didn't sell when they had the chance. Is now the time? That's up to you and your own risk/reward tolerances, which are definitely something any trader should know before getting involved. There's a difference between letting fear rule you, compared to making a reasoned calculation of the risks vs rewards and deciding to sell a part of your holdings.

[r0bb0]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Holding isnt exactly trading though is it? Thats great advice for investors not traders

[MintCondition]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Holding isnt exactly trading though is it? Thats great advice for investors not traders

The risk in holding is not that high than in trading. Trading predictions were too hard to determined though in holding it seems we just saving it or maybe targeting an amount it can reach until we sell it. In holding theres no too much pressure unlike in trading.

[betlord90]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

Haha here comes the most 5 important things for traders. Amazingly briefed yes exactly it is the point for all those who have strategic plan of getting more profit and don’t want to sit before a computer all the day and watching price trends. Holding is an epic approach so far.

Holding isnt exactly trading though is it? Thats great advice for investors not traders

The risk in holding is not that high than in trading. Trading predictions were too hard to determined though in holding it seems we just saving it or maybe targeting an amount it can reach until we sell it. In holding theres no too much pressure unlike in trading.

I can't call that they have similar risk but the different of them is by hodling you can miss the possible high profits by the time hype will come unto it and you will be left by low profits since people are enough for that hype but that time. But we can earn more by holding our coins for long times since some of the other alts prove that it pump so hard when many months past and their plan project has been implemented.

[DonFacundo]

I always lose when it comes to trading because I trade with emotion but thank you for sharing this strategy, It's very helpful for newbie trader like me, hope that I will successful trader in the future.

[entrepmind23]

Controlling emotions becomes the most difficult thing to do. Every trade wants a profit, when it makes a profit it is perfectly normal to want to keep it. Human nature is like that. Already getting 10% then he's trying to get 20% and so on. Emotions that make us lose control and not focus. in the end we lose our strategy or worse lose money.

I agree. It's just hard to control your emotions when your money is at stake. That's why they are saying invest/trade only what you can afford to lose because of this emotion part when you will be illogical with your decisions because of fear of losing more. I am guilty of this and will continue to trade even if I got big losses because of panic because through it I will become more decisive later on and stick to my plan.

Greediness is also one of my problems because even if I already have profit, I wanted to earn more and more thus it sometimes result to a loss because I did not sell it when profit is at 10% and I am waiting for it to reach higher for a 20% profit and then it goes down slowly and then miss a profit again.

[weblouartisan]

Controlling emotions becomes the most difficult thing to do. Every trade wants a profit, when it makes a profit it is perfectly normal to want to keep it. Human nature is like that. Already getting 10% then he's trying to get 20% and so on. Emotions that make us lose control and not focus. in the end we lose our strategy or worse lose money.

That's the biggest problem of the new traders they will really panic immediately when their coins value melts down and sell it on the lowest possible price. But that's normal for newbie's to react like that, Because they still lack of knowledge and analyzation before they invest. The only best way to earn profit in trading even your'e just a beginner is just hold longer and never sell it till the price does not rise up.

[EBADZ]

This is good advice some of which I already inhibit instinctively especially Item 2. Research is key generally before going into anything of worth, however there are definitely those times when you risk big to earn big, call it faith, call it gamble, call it hunch, call it instincts when it comes over you its hard to brush aside and is usually an extreme game changer either for good or for bad.

playing it safe, which is what those rules help with, is recommended. But hitting it big! demands swift outrageous & illogical moves sometimes.

"The biggest risk is not taking any risk" ... Mark Zuckerberg

[olliedickman]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

LOL I can guarantee that your opinions are correct. Trading makes everything more risky But traders need to have income every month or every week so that they can have money to raise their family as long as raise themselves. Unless you have plenty of money, it is hard to survive just by holding

[Junix]

Thank you very much for sharing this. As a beginner this help me a lot when I decided to day trading in future.  but for now I just invested on altcoins and hold it for a while and learning.   

[ShadowBits]

I find that is very hard to follow this rules, they are good but how to not be emotional? How to be prepared? I read so much about different coins, how to know is some coin is just a scam, or coin have a future?
I think not everyone can be a trader, analytical mind is needed for this.Mind that can proces million different informations, where are 999 990 informations stupid and irrelevant.

well one can be a trader specially if he has a very good friend who happened to be a good trader with good analytical fundamentals
how about that ? haha
well some traders lose for one simple reason they dont follow all the rules

[pairinpay]

Priceslide Strategy

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

Controlling emotions becomes the most difficult thing to do. Already getting 10% then he's trying to get 20% and so on. and finally worse lose all asset.

[el kaka22]

I always lose when it comes to trading because I trade with emotion but thank you for sharing this strategy, It's very helpful for newbie trader like me, hope that I will successful trader in the future.

If you don’t control emotions then they play with you. Trading is all about the risks and the things going up and down. As you are new for trading just relax when trading, just make a strong decision based on analysis of price charts and also follow some strategy along with money management techniques.

I guess any 5 things alone will not be sufficient for perfect trading. We need to focus on lots of aspects of trading so that we can have successful trading experiences.

[onrise]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

This may not be true always especially if you do not have knowledge and analytical skills to analyze market. Just for example I bought at 4500$ and say in future the prices is continuously falling, so as a smart investor I will sell off my holding and if further the markets dip I would buy more at a low. As bitcoin price will rise so I will sell later and can easily average out if any loss incurred in previous selling.

[devrawal93]

The following 5 things are easy to internalize because these tips were “written in blood” (my own blood  Lols   ). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings.

1) Reason For Entering Trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book).

2) Target & stops: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.

3) Meet FOMO (fear of missing out): Indeed, it really isn’t fun to see such situations from the outside – when a certain coin is being pumped up like crazy with huge two-digit gains in minutes.

4) Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.

5) The Asset creates Volatile Market Conditions: Most Altcoins are traded according to the Bitcoin value.
Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply.

There are many things like Maintaining a Journal,Upgrading your strategy,Dynamic change in market Behaviour, Checklist for your Trading Plan, Psychological Mindset , all these plays a vital role in traders career and these are also important to know for Every trader.

[AweJohn]

Great info you put in here !
Even do it is great information, I think that 90% if not more of newbies will still find out the hard way what should be done and when should it be done...
It's easy to read something and then forget about it, but when you get that sick feeling in your stomach when you experience your first big dip and you see
the falue of your portfolio sink ... well then you get to see what you are made of, do you panic and sell to save some of your money or do you reread what others
that experienced this time and time again said.
So if you get in that hard place where your coins go down just read what others more experience said and apply it.
It's as easy as that ( in theory anyway ) .

[Lanatsa]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

This may not be true always especially if you do not have knowledge and analytical skills to analyze market. Just for example I bought at 4500$ and say in future the prices is continuously falling, so as a smart investor I will sell off my holding and if further the markets dip I would buy more at a low. As bitcoin price will rise so I will sell later and can easily average out if any loss incurred in previous selling.

There are people who have this kind of mentality on which they do fixed their minds on just holding.Depending on what kind of investor you are but as a wise one we should really always secure profits on peak prices and sell them off on those ranges and then buyback when theres a dip i would be that you will able to enjoy on seeing profits on short time than on longer ones.If you dont like the risk then stick on what you believe.

[wurth]

1. Stop trading
2. Hold
3. Hold
4. Hold
5. Hold

This may not be true always especially if you do not have knowledge and analytical skills to analyze market. Just for example I bought at 4500$ and say in future the prices is continuously falling, so as a smart investor I will sell off my holding and if further the markets dip I would buy more at a low. As bitcoin price will rise so I will sell later and can easily average out if any loss incurred in previous selling.

There are people who have this kind of mentality on which they do fixed their minds on just holding.Depending on what kind of investor you are but as a wise one we should really always secure profits on peak prices and sell them off on those ranges and then buyback when theres a dip i would be that you will able to enjoy on seeing profits on short time than on longer ones.If you dont like the risk then stick on what you believe.

There are two type people trading on market, holder and trader.
Holder is people set target and sell their coin at this target, they not care about price of their coin up or down in short time, because they believe their target always right!
Trader is people trading their coin when have more fluctuation on market as @onrise said, however if your predict is wrong, you will need take loss if do not want miss buy back your coin.

[Emilyearl]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

Just stumbled on this. Thanks for the advice. Sometimes greed doesn't let one see clearly and can lose it all in that spilt second. Will take a look at your blog am sure there will be more helpful trading tips.

[Emilyearl]

The following 5 things are easy to internalize because these tips were “written in blood” (my own blood  Lols   ). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings.

1) Reason For Entering Trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book).

2) Target & stops: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.

3) Meet FOMO (fear of missing out): Indeed, it really isn’t fun to see such situations from the outside – when a certain coin is being pumped up like crazy with huge two-digit gains in minutes.

4) Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.

5) The Asset creates Volatile Market Conditions: Most Altcoins are traded according to the Bitcoin value.
Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply.

There are many things like Maintaining a Journal,Upgrading your strategy,Dynamic change in market Behaviour, Checklist for your Trading Plan, Psychological Mindset , all these plays a vital role in traders career and these are also important to know for Every trader.

When I first started out with trading some months back, didn't know much about risk management and my blood got spilled everywhere in the market. But with time and write ups like this I got to be better at executing trades. I did fomo countless times and lost almost all my funds. Starting new is easier with the right information as this. Thanks

[imsotiredofmoviereboots]

Wow! This is really a useful thread for a newbie trader like me. I don't usually read the ANN of a coin and I just always base on how popular the coin is.

[dasher797]

Priceslide Strategy
1. Never be emotional – especially afraid

It’s easy to come in with mentality that it’s exciting to make money, because it is. However, trading has to be looked at with a cold and calculating eye. Don’t let the ups get you excited, or the downs get you depressed. People with a loser’s mentality trade with emotion. When the coin is down, just start slowly buying. When it’s up just start slowly selling (more on this later). If you allow fear to come into the trading process – fear of missing out, or fear of selling too soon / too late, you will never be an effective trader.

2. Always be prepared

Know your market, read the ANN thread of the coin you’re buying. Know the development team, their past, their scam accusations. Know the total amount of the coin in circulation and the inflation rate. Know how many coins the top holders have. Plan on coin accumulation over time – even when a coin can seem at its bottom, there’s always a chance scared people will push it 20% lower before there’s someone to pick up the pieces

3. Never put all your eggs in one basket

This should be obvious to everyone, but never champion a specific coin. “believing in a community” is the single most ridiculous thing that the altcoin traders have come up with. The dogecoin community was massive and actually got a nascar sponsorship through, but the excitement of the past doge days is long gone. My point here is that no community sticks around for too long, because there’s nothing to actually lock anyone in after big traders have abandoned the coin.

4. Always be logical

The same as never be emotional, stated in the positive. It is important enough to restate, because it is the single most critical, and common, mistake that traders make. The herd moves with what “seems” correct. Buy when a coin is going up. However, you should be selling when the coin is going up. That is the time to take profit – when everyone else is trading with emotional excitement, thinking only of their greed. It’s easy to take advantage of if you know what to look for

5.Never sell all your coins at once

Space your trades out – pumps can start and stop at any time, and any price level.

Even if you “know” it’s at the top, it can always go higher. Don’t live with that regret.

This is from my blog !

https://priceslide.wordpress.com/2016/09/20/5-things-all-traders-should-do/

Novice traders are need to learn something like this, I was trading bitcoin - usd but I miss the right time to sell , I think nobody can predict the fluctuation prices.

[babsjoe]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

[ssb883]

The following 5 things are easy to internalize because these tips were “written in blood” (my own blood  Lols   ). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings.

1) Reason For Entering Trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book).

2) Target & stops: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.

3) Meet FOMO (fear of missing out): Indeed, it really isn’t fun to see such situations from the outside – when a certain coin is being pumped up like crazy with huge two-digit gains in minutes.

4) Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.

5) The Asset creates Volatile Market Conditions: Most Altcoins are traded according to the Bitcoin value.
Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply.

There are many things like Maintaining a Journal,Upgrading your strategy,Dynamic change in market Behaviour, Checklist for your Trading Plan, Psychological Mindset , all these plays a vital role in traders career and these are also important to know for Every trader.

Thanks for sharing this. I know I have many to learn about trading strategies. Some of the points you said I already apply them.
1, 2, and 4. I don't usually FOMO. But I feel happy when I'm already in a train that people want to join.

[nicster551]

The following 5 things are easy to internalize because these tips were “written in blood” (my own blood  Lols   ). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings.

1) Reason For Entering Trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side).The Altcoins market is driven by large whales (yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book).

2) Target & stops: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.

3) Meet FOMO (fear of missing out): Indeed, it really isn’t fun to see such situations from the outside – when a certain coin is being pumped up like crazy with huge two-digit gains in minutes.

4) Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.

5) The Asset creates Volatile Market Conditions: Most Altcoins are traded according to the Bitcoin value.
Bitcoin is a volatile asset (relative to FIAT) and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply.

There are many things like Maintaining a Journal,Upgrading your strategy,Dynamic change in market Behaviour, Checklist for your Trading Plan, Psychological Mindset , all these plays a vital role in traders career and these are also important to know for Every trader.

Thanks for sharing this information. Many traders can be help by this information. Trading is unpredictable job that's why we need to learn the lessons in trading in order to make own strategies because trading can give you profit and loses on every move in trading.

[Whosdaddy]

I always lose when it comes to trading because I trade with emotion but thank you for sharing this strategy, It's very helpful for newbie trader like me, hope that I will successful trader in the future.

If you don’t control emotions then they play with you. Trading is all about the risks and the things going up and down. As you are new for trading just relax when trading, just make a strong decision based on analysis of price charts and also follow some strategy along with money management techniques.

I guess any 5 things alone will not be sufficient for perfect trading. We need to focus on lots of aspects of trading so that we can have successful trading experiences.

I will strongly agree to your logic of reasoning. Emotions play a very vital role in the world of business. You need to keep yourself under control in the time of loss even. Apart from this, you need to learn the things well, so that you may be able to earn a name in the market.

[HTracer]

I would add to a.2 following: "Never buy shitcoins. Even excellent strategy can't help much, if one's grabbed full hands of garbage".

[Cosbycoin]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible.

[Smarty14392]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible.

Not only near to impossible but totally out of question. No one is going to share their precious and secret strategies of making successful trades. We all know that experience is the best teacher, we learn best from our mistakes and I will advise the same for trading. Try to learn trading with small amounts.

[gabmen]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible.

Not only near to impossible but totally out of question. No one is going to share their precious and secret strategies of making successful trades. We all know that experience is the best teacher, we learn best from our mistakes and I will advise the same for trading. Try to learn trading with small amounts.

Well aside from these i think it's also important to develop a skill in reacting accordingly to any market situations. Most of the time this will come through experience and practice and learning how to quickly adjust will probably be as big a help in trading as having enough patience to avoid panic

[risk91]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible.

Not only near to impossible but totally out of question. No one is going to share their precious and secret strategies of making successful trades. We all know that experience is the best teacher, we learn best from our mistakes and I will advise the same for trading. Try to learn trading with small amounts.

Well aside from these i think it's also important to develop a skill in reacting accordingly to any market situations. Most of the time this will come through experience and practice and learning how to quickly adjust will probably be as big a help in trading as having enough patience to avoid panic

It is the use full for the trading and inprove the busines and skill it will resolve the issue and change the busines process it give more information for the trading and how to change process and procger it the use full one for the trating process.
1)Never be emotional 2)Always be prepared 3)Never put all your eggs in one basket 4)Never sell all your coins at once 5)Always be logical

[mast3rm1nd]

good advice; I'll do my best to follow it. what I've noticed is that trading has a slow learning curve. I wish there was like a detailed course on the matter of crypto trading.

[TrumpD]

Very good tips OP, unfortunately it is easier said than done for most traders, yours truly included. We all know the rules, repeat the mantra, but fail it in practice. Trading, really is hard.

[Quidat]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible.

Not only near to impossible but totally out of question. No one is going to share their precious and secret strategies of making successful trades. We all know that experience is the best teacher, we learn best from our mistakes and I will advise the same for trading. Try to learn trading with small amounts.

Well aside from these i think it's also important to develop a skill in reacting accordingly to any market situations. Most of the time this will come through experience and practice and learning how to quickly adjust will probably be as big a help in trading as having enough patience to avoid panic

It is the use full for the trading and inprove the busines and skill it will resolve the issue and change the busines process it give more information for the trading and how to change process and procger it the use full one for the trating process.
1)Never be emotional 2)Always be prepared 3)Never put all your eggs in one basket 4)Never sell all your coins at once 5)Always be logical

Being emotional is always been part on trading career which it is one of the problems which we would encounter to ourselves while we are trading.When we are still a newbie for sure we would really experience such thing.This should really be controlled for you to be able to make good set-ups. Never put all your money on a single basket is always advisable because its better to have back-up plans if problem do arise later on.

[peter0425]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible.

I totally agreed because I have been there as well. I tried to study and learn through reading and textbooks. But I said to myself that it is better if I will go on trading because you will not know if you are going to be successful if you just read all the books. So I started with small capital and work my way up. I encountered a lot of challenges a long the way, but I kept on going until I go learn some good strategy and method on how to be a successful trader. I know its a long way to go but I will not lose faith eventhough that there are bumps that I face a long the way.

[HatakeKakashi]

This very helpful to us and mostly to the newbie in trading. Because mostly if you are newbie you did not know what is trading all about. So this thread is helpful to get information about trading and what you will do. I use also your startegie or techniques or what ever you call that. And thats very effective you everyone follow that yoi can earn profit from trading.goodluck to the trader who want to start.

[KennyR]

With trading each and every second of time is important to make an better profiting. The basic step that needs to be followed with trading is the selection of the coins. Second, based on the market circulation the volume of investment needs to be calculated for profiting.

[diouf67]

Very useful tips thankyou. The only one I would have to say I disagree with is the last one about spacing out your sells and not selling all coins at once. I think as a general rule this is a useful thing to consider but in terms of NEVER I think that is a mistake, sometimes you will have a feeling that the market is really at its peak and you have to be able to have the conviction and pull the trigger, if you are wrong and the market continues to grow you need to learn that you made the best decision you could have at the time with the information you had available to you. However if you have a strong conviction something will happen and you ignore it because of 'strict' rules then you are leaving potential earnings on the table.

[Qunenin]

That's the elementary base that everyone here should in their tool box, most of these guys have been around here for several months and even a year or two and have either set these facts our for themselves or have done so in a subconscious learning curve, but we appreciated the efforts. Crypto has made a quick student of some of these guys and they have either learned or died.

[Saoha]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible.

I totally agreed because I have been there as well. I tried to study and learn through reading and textbooks. But I said to myself that it is better if I will go on trading because you will not know if you are going to be successful if you just read all the books. So I started with small capital and work my way up. I encountered a lot of challenges a long the way, but I kept on going until I go learn some good strategy and method on how to be a successful trader. I know its a long way to go but I will not lose faith eventhough that there are bumps that I face a long the way.

The advice is very useful and probably not everyone can do. I was also quite panicked and worried when my money kept dropping a lot (40%). Not a small number, then I actually accepted the losses and sold them at low prices because I thought it might decrease further. And it is a mistake for the newbie because anyone who has experience will understand the rule of reduction will increase again. I received a big lesson - maybe a tuition for success. I can now control my emotions and business with a cold head and logical analysis of the market. A long way to go to success and business is adventure.

[Ponylon]

nice tips, I agree with all your points

make sure to DIVERSIFY people, holding only crypto's makes you prone to higher volatility and risk, even out your portfolio to be ready for any weather

other than that you're gold

[bengems]

This is the best trading advice money cannot buy. I have been practicing hard on this steps and it is working in most cases

[setupbounds]

You can not always be all these! Those things you said we should be or be not are the very things that make us human. However having control and balance is what make you a trade duper super star

Trading is not a school lesson that you’ll be told by someone and you will remember it in your whole life. It is just the experience which makes you a good trader. You keep on learning new things with the passage of time, which helps you out in doing effective business. But if you think that someone will tell you and you’ll become successful trader, this is near to impossible.

I totally agreed because I have been there as well. I tried to study and learn through reading and textbooks. But I said to myself that it is better if I will go on trading because you will not know if you are going to be successful if you just read all the books. So I started with small capital and work my way up. I encountered a lot of challenges a long the way, but I kept on going until I go learn some good strategy and method on how to be a successful trader. I know its a long way to go but I will not lose faith eventhough that there are bumps that I face a long the way.

The advice is very useful and probably not everyone can do. I was also quite panicked and worried when my money kept dropping a lot (40%). Not a small number, then I actually accepted the losses and sold them at low prices because I thought it might decrease further. And it is a mistake for the newbie because anyone who has experience will understand the rule of reduction will increase again. I received a big lesson - maybe a tuition for success. I can now control my emotions and business with a cold head and logical analysis of the market. A long way to go to success and business is adventure.

I think following things should be done by all traders:
Planning for investments
Listing down their winnings and losses
Trade off at the right time from the market
Use of previous knowledge and experiences
Must me market intelligent.

[majdoso]

trading is an open sea where you can face too much of difficulties, variable minds, crazy people..
so that you have to make plans to save your trading style.
1- you have to offer new products
2- make studies related to the actual market
3- make an intelligent publicity witch can attract people
4- put reasonable prices
5- working on how to expand your trading field.