5 Things All traders should Do

[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.

[1713508930]

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[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