Trading Secrets?

[Oceat]

Although I'm far from a succesfull trader, I've learned this from experience: set realistic goals. Better not buy some random cheap altcoin in the hope of squeezing out 100x ROI within weeks. It could happen but chances are very low and you'll probably get disappointed. Do some research and pick crypto with a solid ground.

Also, going entirely into altcoins is a bit risky in the sense that your crypto could diminish significantly relative to BTC in a short period of time. Own experience: value of my portfolio in USD increased with roughly 800% in the 1st half of this year, but value in BTC decreased with 20%. A nice profit but could have been larger if I had a significant percentage of BTC in that timespan.

Also, you need to set your entry and exit point. Otherwise, you will be trap forever and can't get out of a certain coins. Set your goal, like what should be my minimum entry and what should be my maximum to exit? If you can come up a plan that include this, then chances are, you can mitigate your risk, and not go here and cry to lose your investment in a certain coin and can't get out now because you are trapped. And what have others have said as well, try to check and research what coins you are going to invest to begin with.

Yeah, i totally agree with him you should do some research first before you invest and jump into alt coins investment. You should start to familiarize the run of the game if you want to be a successful traders. Practice it even if in just a small amount, everyone is starting at the small one before they go to bigger.

[saenko]

Although I'm far from a succesfull trader, I've learned this from experience: set realistic goals. Better not buy some random cheap altcoin in the hope of squeezing out 100x ROI within weeks. It could happen but chances are very low and you'll probably get disappointed. Do some research and pick crypto with a solid ground.

Also, going entirely into altcoins is a bit risky in the sense that your crypto could diminish significantly relative to BTC in a short period of time. Own experience: value of my portfolio in USD increased with roughly 800% in the 1st half of this year, but value in BTC decreased with 20%. A nice profit but could have been larger if I had a significant percentage of BTC in that timespan.

Also, you need to set your entry and exit point. Otherwise, you will be trap forever and can't get out of a certain coins. Set your goal, like what should be my minimum entry and what should be my maximum to exit? If you can come up a plan that include this, then chances are, you can mitigate your risk, and not go here and cry to lose your investment in a certain coin and can't get out now because you are trapped. And what have others have said as well, try to check and research what coins you are going to invest to begin with.

Yeah, i totally agree with him you should do some research first before you invest and jump into alt coins investment. You should start to familiarize the run of the game if you want to be a successful traders. Practice it even if in just a small amount, everyone is starting at the small one before they go to bigger.

You need to buy at a small price, and sell more. But it is very difficult to determine at what stage the coin is located - at the stage of growth or at a stage of decline. For this you can see the graph for the month, year, several years

[tyuner4]

Well for me, I think controlling emotion is important. Panicking makes you sway from your strategy.

[nicster551]

Although I'm far from a succesfull trader, I've learned this from experience: set realistic goals. Better not buy some random cheap altcoin in the hope of squeezing out 100x ROI within weeks. It could happen but chances are very low and you'll probably get disappointed. Do some research and pick crypto with a solid ground.

Also, going entirely into altcoins is a bit risky in the sense that your crypto could diminish significantly relative to BTC in a short period of time. Own experience: value of my portfolio in USD increased with roughly 800% in the 1st half of this year, but value in BTC decreased with 20%. A nice profit but could have been larger if I had a significant percentage of BTC in that timespan.

Also, you need to set your entry and exit point. Otherwise, you will be trap forever and can't get out of a certain coins. Set your goal, like what should be my minimum entry and what should be my maximum to exit? If you can come up a plan that include this, then chances are, you can mitigate your risk, and not go here and cry to lose your investment in a certain coin and can't get out now because you are trapped. And what have others have said as well, try to check and research what coins you are going to invest to begin with.

Yeah, i totally agree with him you should do some research first before you invest and jump into alt coins investment. You should start to familiarize the run of the game if you want to be a successful traders. Practice it even if in just a small amount, everyone is starting at the small one before they go to bigger.

You need to buy at a small price, and sell more. But it is very difficult to determine at what stage the coin is located - at the stage of growth or at a stage of decline. For this you can see the graph for the month, year, several years

Yes I agree to you that it is difficult to determine on what stage of coin can you buy or sell it that's why it is important to research first on the coin project and also it's price history because you can know if it is the right time to buy or sell it.

[CyberKuro]

So im wondering if there are secrets in trading coins that very few ppl know about and where disclosing it out in public is not a good idea.

Every traders develop their own strategy to get profits, but there are some particular way to maximize your profit in trading such as;
- insight trading, some information from certain people who know the next step of a coin development will invest earlier.
- do not invest in random coins which seems have potential but poor developers behind the project
- divide your funds into several coins, top 20 in marketcap is a good choice.
- invest in ICO and hold it at least 3-6 months to get bigger profit, not every ICO will success that's way you need to do research about it.

[7Kirito0]

i would say that a trading secret here would be: USE the order flow more than the chart analisys. then u can see exactly what type of player is in the game, once u know whats going on, than u know wich direction the market will go with much more accuracy. soo THE SECRET for me its in the order flow knowledge and sensibility(not talking about basic stuff like size,volume,etc... is much more deeper than that

[giveen]

There are no trading secrets it's just practice and more experience see the instance of football when you play for the first day you will not know anything but when you start playing the game on a regular basis you get better same for trading applies about being expert it is not easy to be messi and ronaldo same way you don't think anything like expert just trust yourself be a good trader becoming best takes lot of time.

[Michael_Gims]

Some use chart analysis but I prefer to focus on the long term potential of the currency, especially the underlying technology and the community support.

[Yuuto]

Im curious but are there trading secrets that experienced traders or smart traders have where they dont disclose to the public?

We all know the buy low and sell high concept.  But are there traders who know a few things where regular ppl or even advanced users do not know?

And thus if they reveal these secrets, it would hurt their bottom line as other ppl would do the same?

For example in sportsbetting, there are very smart guys who have very smart angles etc.  Now obviously they would not reveal these secrets or plays because if they do, ppl will all know about it.  Sportsbooks will be aware of it and make adjustments to the line.

So im wondering if there are secrets in trading coins that very few ppl know about and where disclosing it out in public is not a good idea.

I doubt that you are going to get anybody that has a secret come out and say it to everyone in the public here. It just doesn't make any sense, and defeats the whole purpose of keeping it a secret in the first place.

If you are referring to altcoins then having the coin you're looking to make a profit off a secret, especially if you are a whale doesn't really make sense. Because you want others to invest too so that they can drive the price up so you can make a profit.

But i've seen quite a few gift card traders, especially on panful that seems to have their own secret trading/cashout methods for GCs. That could be very profitable.

[Manuj]

Im curious but are there trading secrets that experienced traders or smart traders have where they dont disclose to the public?

We all know the buy low and sell high concept.  But are there traders who know a few things where regular ppl or even advanced users do not know?

And thus if they reveal these secrets, it would hurt their bottom line as other ppl would do the same?

For example in sportsbetting, there are very smart guys who have very smart angles etc.  Now obviously they would not reveal these secrets or plays because if they do, ppl will all know about it.  Sportsbooks will be aware of it and make adjustments to the line.

So im wondering if there are secrets in trading coins that very few ppl know about and where disclosing it out in public is not a good idea.

There are no secrets. There are only skills. Great traders who do the business by the millions are so knowledgeable about creating paths in the charts that only the people in their level can understand and create. Charting is a hard thing to do even to old timers already. These are the traders that create Technical Assistance and speculations that are more often than not accurate.

[Jaya912]

I have no much experience in trading. But i can say that the secret is experience itself.

[Dudeperfect]

I am not sure if this a secret or not but this stategy has shown good performance for me, almost every time.

Never buy or sell as a whole. If you are buying in market falling conditions and selling when it is going upwards then your 100% capital should be divided like,

1. Buy Low - 20% - 20% - 40%
2. Wait - Hold 100%
3. Sell High - 40% - 20% - 20%

This strategy will take the advantage of the price averaging technique and render high profits.

You don't rely on the market environment, you leverage the price movement and move some part of your investment in such a way that it gives some uneven benefit in each order you place and at the end you make handsome profits. However, please do your own research before adopting any strategy because if it is working for me then it is not necessary that it will work for you too.

[sweetbet]

The best time to buy is when the entire market is blood red and everyone is panicking and jumping ship.

[DevilSlayer]

Well for me, I think controlling emotion is important. Panicking makes you sway from your strategy.

It seems that you are correct. Controlling emotions is really important factor to earn more money. I am always controlling my emotion for me to not panic and not lead to sell all my coins.

[uraharasan]

Well for me, I think controlling emotion is important. Panicking makes you sway from your strategy.

It seems that you are correct. Controlling emotions is really important factor to earn more money. I am always controlling my emotion for me to not panic and not lead to sell all my coins.

in addition to emotional factors also you need a factor of luck and a little smart because if a coin is very low price you still think the coin can still go up is a stupid act.

[TheKeyLongThumbI]

I disagree that there is a secret behind successful trades because it's a combination of analysis and luck.  Successful traders share everything that they know and it's always the same thing. You just need to apply those.

[harizen]

Im curious but are there trading secrets that experienced traders or smart traders have where they dont disclose to the public?

We all know the buy low and sell high concept.  But are there traders who know a few things where regular ppl or even advanced users do not know?

And thus if they reveal these secrets, it would hurt their bottom line as other ppl would do the same?

For example in sportsbetting, there are very smart guys who have very smart angles etc.  Now obviously they would not reveal these secrets or plays because if they do, ppl will all know about it.  Sportsbooks will be aware of it and make adjustments to the line.

So im wondering if there are secrets in trading coins that very few ppl know about and where disclosing it out in public is not a good idea.

There is no such thing as secret. All successful trades came from good analyzation and proper execution. How is that possible? A trader that is on the profession of trades for long time is impossible not to learn their own strategy to play with the price volatility of every coin. Their experience made them for what they are today. Also just keep in mind that still they are experiencing losses but overall their winning stats is more dominant.

In term of you mentioned example of sportsbetting, Im a sports betting enthusiast and proudly saying the my stats is really good. My strategy came from my sports knowledge itself. Yes I only do betting to the sports I have really known for long time because somehow I can make a good analyzation for possible output the game. It's not an assurance though that I will win that specific bet but experience and knowledge of the game is a good factor to increase my chances of winning.

[michellee]

i think its not a secret but its like a strategies for each traders because if we are share our strategies, I think that strategies will not work properly for other people. one strategies is made by one traders and only work for that traders. if the other traders want to use, then they need to modify the strategies so it will works good for them. I think if we can understand the basic of trading which is buying low and sell high, then we can make the modification for the strategies so we can have one new strategies that only work for us.

[mkbittalk]

can we get some general guide

[bitofc]

being patient is #1
never stop learning
also if we are not a full time trader, try to trade with medium or long term.
analyze with chart >= 4hr period, checking 1hr/2hr or shorter period just for signal confirmation.
last but not least, try to trade without any emotion (which is tough) with preset strategies (entry/exit point, stop loss, take profit point)
also be ready to change your view, as the market is so dynamic, always follow the market as the market is always right!