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Author Topic: What would be your recommendations when trading crypto?  (Read 6530 times)
virasisog
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October 20, 2016, 08:29:29 AM
 #41

I think you have many experience on trading but you are lack of application that i think leads to lose .the # 1 enemy of a trader is emotions you must know how to control it in terms of when buying or selling . Buying with cheap altcoins make sure to spot the active community of that cheap coins (many cheap coins are scam) . Take an analysis but make sure you are ready for what will happen because your analysis will be nothing if manipulators came it then you should know how to follow and jland make a ride.
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October 20, 2016, 09:58:14 AM
 #42

i will only recomend you that if you are a new trader then you should only do trading with a little amount, as you need to get experience in trading and only then you can make good profit from trading.
yes i am also agree with you that trading with small amount is really good and less risky, you can get experience if you trading with little amount, and when you get some experience then you should go for trading with big amount.
well it's indeed good because it's having low risk because when you lose you will only losing such a small amount of money but when it's about profit and time,it's for sure very bad,only wasting time because the profit you got is very small and the profit will be cut off by the fees
not so bad for doing that for us in the learning process to gain experience. because the result is not too important. but when you already have a lot of experience was well worth doing trade with large amounts also to obtain greater profits.
what people seeking when they're doing trading is profit and thus the result is more important than the process if you are never learning but can make a pretty decent profit then it's good but if you're trying to getting experienced in trading and always losing,there's something wrong with how you're trading

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October 20, 2016, 10:30:35 AM
 #43

I would recommend you to keep an eye on the market, then sell right when there's a pump. Don't hesitate. Don't even think that it'll increase more in the future. That's your chance to make some profit, take it. If the price of that coin increases even more, then it's still okay to you. At least you didn't lose any money, you even earned some. If the price of that coin decreases, then you've made the right decision and now it's time to decide if you're going to buy some of that coins again.

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October 20, 2016, 10:39:52 AM
 #44

But at this time are the best moment for buying an alt with your amount, totally all of the alt kind are already got big waves from bitcoin and get a lot of dropped and I think just waiting for a few weeks the price will get a repair into the normal value or standard rate.
yes i also think so that it is the best time to invest in bitcoin and increase its number, but the most important thing is that up to what level, therefore i will like to say that you have time tell 800USD to buy bitcoin because its price is increasing tell that point.
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October 20, 2016, 11:47:06 AM
 #45

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
Holding altcoins can really make us lots profit in the future but sometimes that altcoins it takes time before it pump again and it will need investors to had big capital to start pumping and if you are going to hold bitcoin and cryptocurrencies make sure that you are making money while waiting.
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October 20, 2016, 01:21:01 PM
 #46

I will tell you that trading is a work of genius. especially when you trade altcoin. if you are careful then you will be able to get a tremendous advantage. you can make money is not unlimited.  Wink
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October 20, 2016, 10:35:12 PM
 #47

I will tell you that trading is a work of genius. especially when you trade altcoin. if you are careful then you will be able to get a tremendous advantage. you can make money is not unlimited.  Wink

That's right and its all about having a knowledge and skills to learn the tricks of trading and making profits in quick time, and if you can successfully able to manage that then sky is the limit for your earnings.
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October 21, 2016, 08:37:57 AM
 #48

I will tell you that trading is a work of genius. especially when you trade altcoin. if you are careful then you will be able to get a tremendous advantage. you can make money is not unlimited.  Wink

That's right and its all about having a knowledge and skills to learn the tricks of trading and making profits in quick time, and if you can successfully able to manage that then sky is the limit for your earnings.

Off course, knowledge and skills are basic things to start the trading, but i think it is not enough, Because now in this time, many good traders are here who spend a lot of time in trading and they have a knowledge and also experience but they all are making money but not enough amount which you can call that sky is the limit for your earning.
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October 21, 2016, 09:48:52 AM
 #49

Trading should be done with patience and no space for emotions. No panic selling.You must know the market value, founders of the Altcoin you are trading.That will help you a lot in taking better decision.
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October 21, 2016, 09:55:27 AM
 #50

Trading should be done with patience and no space for emotions. No panic selling.You must know the market value, founders of the Altcoin you are trading.That will help you a lot in taking better decision.


Yes and one more thing we cannot ignore is that we should invest only that amount in trading that we can afford to loose as there is no guarantee that each and every trade will go in our favor many times we can also be on loosing end.
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October 21, 2016, 10:17:40 AM
 #51

I think you have many experience on trading but you are lack of application that i think leads to lose .the # 1 enemy of a trader is emotions you must know how to control it in terms of when buying or selling . Buying with cheap altcoins make sure to spot the active community of that cheap coins (many cheap coins are scam) . Take an analysis but make sure you are ready for what will happen because your analysis will be nothing if manipulators came it then you should know how to follow and jland make a ride.

That is right. You should look at trading with a cold eye and shut emotions out. If you let down trend depress  you or up trend get you too excited, you will not be making good decisions. That is why it is advised to trade money that you can afford to lose because if you have plans for that money, you will get too attached and emotions will ruin your decisions with it.
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October 21, 2016, 10:20:50 AM
 #52

I think you have many experience on trading but you are lack of application that i think leads to lose .the # 1 enemy of a trader is emotions you must know how to control it in terms of when buying or selling . Buying with cheap altcoins make sure to spot the active community of that cheap coins (many cheap coins are scam) . Take an analysis but make sure you are ready for what will happen because your analysis will be nothing if manipulators came it then you should know how to follow and jland make a ride.

That is right. You should look at trading with a cold eye and shut emotions out. If you let down trend depress  you or up trend get you too excited, you will not be making good decisions. That is why it is advised to trade money that you can afford to lose because if you have plans for that money, you will get too attached and emotions will ruin your decisions with it.
completely right emotion should be taken away when you are doing trading it will hold your hands because of some hesitations but without it the risk that you can make will much be bigger and chances to earn much bigger profits will follow.
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October 21, 2016, 04:08:05 PM
 #53

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley

There is no book that tells you the secrets of trading, from my experience (which is not a lot but not small too) you learn more by doing.
Trade yourself (without bots) and analyze a lot the most traded coin on the exchange you plan to trade.
I have been trading since a long time like 6 months or 10 months and one thing I can tell you, yes experience comes from doing more and more trades, but hey you cannot say books don't teach about trading, I myself have a few that I learn with how to manage when the market is fluctuating and all, though I do not really remember the names and authors.
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October 21, 2016, 07:49:04 PM
 #54

I think you have many experience on trading but you are lack of application that i think leads to lose .the # 1 enemy of a trader is emotions you must know how to control it in terms of when buying or selling . Buying with cheap altcoins make sure to spot the active community of that cheap coins (many cheap coins are scam) . Take an analysis but make sure you are ready for what will happen because your analysis will be nothing if manipulators came it then you should know how to follow and jland make a ride.
Yes, whenever you back a particular altcoin and invest in it, then have confidence in your decision, don't get upset or carried away by its price fluctuations, and at the same time don't get too greedy because most of the coins are pump and dump so better sell while pump.
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October 21, 2016, 07:50:24 PM
 #55

iam recomended trading altcoin
the first is the big communitu and the big volume transaction

and when iam trading everyda
when is good trade is trade poloniex if bad news about coin you can trade margin trading in short or margin sell
and is good news you can buy or you can margin trading in long or margin buy
I was very curious how this margin trade buy and sell works. Anyways, I will research my own and find more information about this. The common do's and dont's we all know in trading like : Always ready the roadmap and other actions which would be taken by a coin after ICO, try to avoid buying too much while ICO and many such ..
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October 21, 2016, 10:50:08 PM
 #56

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
Holding altcoins can really make us lots profit in the future but sometimes that altcoins it takes time before it pump again and it will need investors to had big capital to start pumping and if you are going to hold bitcoin and cryptocurrencies make sure that you are making money while waiting.
That's so true and especially for buying from new coins from the dumper(bounty hunters) and starting for keeping your coin for a few month. I just think you can make over a 3x total of your amount caused by that. and that is very potential for give you a lot of money.

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October 21, 2016, 10:51:48 PM
 #57

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley

First I would suggest to make connection with people that are active at the trading world and some of them can be found on the chats that some exchanges have, Yobit has the chat on the right when you trade something, poloniex has a trollbox which is very active but you should not believe everything what is written there.
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October 22, 2016, 04:23:36 AM
 #58

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley

It is true that by doing trading in the exchange will make you become more great as a trader. If you will become more observant who traded in that exchange site. And so far I don't see any books explain about in the trading neither in any bookstore outlet here. Though basic rule is buy low and sell high that's true actually.
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October 22, 2016, 04:46:34 AM
 #59

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley

We all end up loosing in trading because our emotions get the better of us. When the prices go up very fast we tend to chase it and buy at whatever price there is available because we are fearful that the "train will leave" without us. Then to only see that a fall in price happens making our trade a losing one. So one trait that would be good to have as a trader is to be calm in the face of the volatile nature of cryptocurrencies.

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October 22, 2016, 05:17:28 AM
 #60

Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley

We all end up loosing in trading because our emotions get the better of us. When the prices go up very fast we tend to chase it and buy at whatever price there is available because we are fearful that the "train will leave" without us. Then to only see that a fall in price happens making our trade a losing one. So one trait that would be good to have as a trader is to be calm in the face of the volatile nature of cryptocurrencies.

that is why you should never trade in your life because you are an emotional guy.

a trader should delete any emotional thinking out of his mind and instead starts thinking more logically and like a machine.

and actually that is why many traders use bots for trading because that would eliminate the emotion part.

Buying the dip...
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