How to start trading alt coins? Beginner Tips!

[Ging]

those tips should help a lot thanks for the topic indeed good tips

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[rijwanjaelani]

Thanks for the depth you .
This will help a lot.

[Pattart]

to remove the  panic = buy the dip and u will never panic
to remove the fear = invest what u can affort to loose
to echap to the greed = my strategy is to devise my trading for 1 coin to 2 part , for exemple i bought BAT with 0.02 bitcoin when the price rise i sell 0.01 and i keep 0.01 for long term because i think is a good project ; if price goes down i will re buy with the 0.01 more BAT if the price go higher i have always 0.01
when u invest in a coin make amount to a long term and amount to short term trading
sorry for my bad english and good luck

Thanks for the tips you gave. very clear and helpful. because usually the early trader will panic when they face a certain situation. such as when they buy a coin at a certain price and then the coin is experiencing a decline in prices so deep and usually an early trader will panic maybe not just an early trader but many traders will also panic lol. maybe just a suggestion when prices continue to down maybe cutlosse will help ? what do you think ?

[Kayaman85]

Dont even have to research coins if your only day trading. Just gotta look at the charts.

[patrickj]

Trading beginner tips!

( Brought to you by Licensium & Trusted Nodes team members https://bitcointalk.org/index.php?topic=2129844.0)

1. Regularly read Bitcointalk forum
2. Check coinmarketcap.com for current real coin values
3. Check coinmarketcap.com history of coin you are interested in
4. Check the ANN thread of the coin on Bitcointalk
5. Many coins have their own blogs/ forums you need to follow to be up to date
6. At start choose coins that are already established and stable
7. Make yourself a portfolio of 3 - 5 coins for start
8. Do not jump in ongoing coin pumps, you never know when it will dump.
9. Make yourself a strategy for coins you will long term invest and maybe 2 gamble coins that are more risky but offer higher profit.
10. I recommend starting with Bittrex I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
12. At the beginning its better to aim for small profits like 5% - 10% +
13. Always keep some BTC to react when needed (buy)
14. Start slowly, take your time. 2 month in research and observation is recommended.
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
18. Pull out some % in USD from your profit from time to time.
19. Control your emotions when the prices is going up or down.


* Additional Tips from community members:

20. Never be emotional in your trading. Be objective! (thx to @Investor for the tip)
21. I also advice that when you already developed a good trading strategy, you stick into it and keep your discipline  (thx to bamboylee for this tip)



Good luck!

Would appreciate to add more tips to the list to give some valued info to beginners!

Nice tips. I'm just beginning to study this trading. Unfortunately, tips #8 I just did that and now the coins dump and dump everyday.
And now waiting to get that coins pump again, don't know when it will. Grrh!

[VTS]

Trading beginner tips!

( Brought to you by Licensium & Trusted Nodes team members https://bitcointalk.org/index.php?topic=2129844.0)

1. Regularly read Bitcointalk forum
2. Check coinmarketcap.com for current real coin values
3. Check coinmarketcap.com history of coin you are interested in
4. Check the ANN thread of the coin on Bitcointalk
5. Many coins have their own blogs/ forums you need to follow to be up to date
6. At start choose coins that are already established and stable
7. Make yourself a portfolio of 3 - 5 coins for start
8. Do not jump in ongoing coin pumps, you never know when it will dump.
9. Make yourself a strategy for coins you will long term invest and maybe 2 gamble coins that are more risky but offer higher profit.
10. I recommend starting with Bittrex I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
12. At the beginning its better to aim for small profits like 5% - 10% +
13. Always keep some BTC to react when needed (buy)
14. Start slowly, take your time. 2 month in research and observation is recommended.
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
18. Pull out some % in USD from your profit from time to time.
19. Control your emotions when the prices is going up or down.


* Additional Tips from community members:

20. Never be emotional in your trading. Be objective! (thx to @Investor for the tip)
21. I also advice that when you already developed a good trading strategy, you stick into it and keep your discipline  (thx to bamboylee for this tip)



Good luck!

Would appreciate to add more tips to the list to give some valued info to beginners!

Nice tips. I'm just beginning to study this trading. Unfortunately, tips #8 I just did that and now the coins dump and dump everyday.
And now waiting to get that coins pump again, don't know when it will. Grrh!

Did you read the coin ANN and dev blog or project website? Maybe some clues there while they dump atm? Anyway now you can only wait, if you sell now you will make minus... That is the moment when your research, education and knowledge of the project should help you to make the right decision!

[magz]

This is a good tips for those who are new in trading Alternative coins. But I notice that you do not prefer Bittrex because of the verification of identity. But I guess this policy of Bittrex is conflict to the features of coins, which is "privacy".

[VTS]

This is a good tips for those who are new in trading Alternative coins. But I notice that you do not prefer Bittrex because of the verification of identity. But I guess this policy of Bittrex is conflict to the features of coins, which is "privacy".

Well Bittrex is US based and I will not give any ID to a US based company, why would I?

[Karen23]

One of the most beneficial topic to read. Thanks for mentioning the Bittrex, I want to trade on that platform for some coins but since withdrawal is not hat easy I will keep my distance from it for now.  I will instead open a Poloniex account.   

[VTS]

One of the most beneficial topic to read. Thanks for mentioning the Bittrex, I want to trade on that platform for some coins but since withdrawal is not hat easy I will keep my distance from it for now.  I will instead open a Poloniex account.   

you can withdraw 0.025 BTC per day without identifying yourself on Bittrex... but that is really not much for serious traders...

other: Glad you like the thread! Thank you!

[TagaMungkahi]

Trading beginner tips!

( Brought to you by Licensium & Trusted Nodes team members https://bitcointalk.org/index.php?topic=2129844.0)

1. Regularly read Bitcointalk forum
2. Check coinmarketcap.com for current real coin values
3. Check coinmarketcap.com history of coin you are interested in
4. Check the ANN thread of the coin on Bitcointalk
5. Many coins have their own blogs/ forums you need to follow to be up to date
6. At start choose coins that are already established and stable
7. Make yourself a portfolio of 3 - 5 coins for start
8. Do not jump in ongoing coin pumps, you never know when it will dump.
9. Make yourself a strategy for coins you will long term invest and maybe 2 gamble coins that are more risky but offer higher profit.
10. I recommend starting with Bittrex I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
12. At the beginning its better to aim for small profits like 5% - 10% +
13. Always keep some BTC to react when needed (buy)
14. Start slowly, take your time. 2 month in research and observation is recommended.
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
18. Pull out some % in USD from your profit from time to time.
19. Control your emotions when the prices is going up or down.


* Additional Tips from community members:

20. Never be emotional in your trading. Be objective! (thx to @Investor for the tip)
21. I also advice that when you already developed a good trading strategy, you stick into it and keep your discipline  (thx to bamboylee for this tip)



Good luck!

Would appreciate to add more tips to the list to give some valued info to beginners!

Oh Thanks for this, I laready talked to someone who trades not on coins but on stock ( Stock trading) and we talked about the techniques he is currently using and that is what he called benchmarking, Buy Low Sell High, it needed time and effort, monitoring the changes in price is really needed.
In this technique you should have a percentage of profit rate example here is 50%
For example you bought Stock A @ 1.00 and the price got higher Stock A became @ 1.50 , Sell your stocks, if the price got lower you should buy again at @1.00 or lower than that or lower than 1.50 and sell it higher than 1.50 and so on.
He told me that this is really hard to do but if you will practice it and apply it to cryptocurrency i might have a bigger chance of gaining 100%++ of profit.

[VTS]

^^^^ Well this is actually how Im trading some coins!

[VTS]

One of the most beneficial topic to read. Thanks for mentioning the Bittrex, I want to trade on that platform for some coins but since withdrawal is not hat easy I will keep my distance from it for now.  I will instead open a Poloniex account.   

Do not forget to read the TOS before opening account!

[VTS]

Trading beginner tips!

( Brought to you by Licensium & Trusted Nodes team members https://bitcointalk.org/index.php?topic=2129844.0)

1. Regularly read Bitcointalk forum
2. Check coinmarketcap.com for current real coin values
3. Check coinmarketcap.com history of coin you are interested in
4. Check the ANN thread of the coin on Bitcointalk
5. Many coins have their own blogs/ forums you need to follow to be up to date
6. At start choose coins that are already established and stable
7. Make yourself a portfolio of 3 - 5 coins for start
8. Do not jump in ongoing coin pumps, you never know when it will dump.
9. Make yourself a strategy for coins you will long term invest and maybe 2 gamble coins that are more risky but offer higher profit.
10. I recommend starting with Bittrex I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
12. At the beginning its better to aim for small profits like 5% - 10% +
13. Always keep some BTC to react when needed (buy)
14. Start slowly, take your time. 2 month in research and observation is recommended.
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
18. Pull out some % in USD from your profit from time to time.
19. Control your emotions when the prices is going up or down.


* Additional Tips from community members:

20. Never be emotional in your trading. Be objective! (thx to @Investor for the tip)
21. I also advice that when you already developed a good trading strategy, you stick into it and keep your discipline  (thx to bamboylee for this tip)



Good luck!

Would appreciate to add more tips to the list to give some valued info to beginners!

Nice tips. I'm just beginning to study this trading. Unfortunately, tips #8 I just did that and now the coins dump and dump everyday.
And now waiting to get that coins pump again, don't know when it will. Grrh!

I handle it like this:  Own budget for dumb and pump coins and own profit split. So lets call it gamble budget...

[VTS]

Dont even have to research coins if your only day trading. Just gotta look at the charts.

Yes, well, that keeps the risk of panic in regards of dump and pump! And you will need to watch out for whales as well!

[VTS]

Anyways I advice newbies to trading to stay away from dump and pump coins for first 2 - 3 month .. at least!

[BTCGOLD]

Anyways I advice newbies to trading to stay away from dump and pump coins for first 2 - 3 month .. at least!

You're right. If you do not begin to plunge into deep water.
First look at some mechanisms from experienced bitcoins, ask, learn.
If you have any question then this forum is the perfect source of information.

[VTS]

Anyways I advice newbies to trading to stay away from dump and pump coins for first 2 - 3 month .. at least!

You're right. If you do not begin to plunge into deep water.
First look at some mechanisms from experienced bitcoins, ask, learn.
If you have any question then this forum is the perfect source of information.

ya, stay on surface on beginning... near the land...

[khan149]

These tips will be of great benefit to me.But I think it is very important to control emotions.Holding can be the most profitable.always select good coins.

[VTS]

These tips will be of great benefit to me.But I think it is very important to control emotions.Holding can be the most profitable.always select good coins.

Glad you find them useful! And yes, trade without emotions is very important.