5 Things All traders should Do

[benjioneniner]

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

[1714055730]

1714055730

[1714055730]

1714055730

[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.