5 Things All traders should Do

[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.

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[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.