how to trade efficiently?

[kuronokishi10]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

[1715409983]

1715409983

[1715409983]

1715409983

[Mi5h0]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

First of all, leave day trading to the bots! Go for longer term trades on recently heavily dumped coins. Don't diversify too much, and don't buy small amounts of a lot of coin. You will end up only with scraps. Concentrate on few well researched coins instead. Hunt down coins with solid, new technology and buy the dips.
And stay away from pump groups. The good ones are closed clubs with rather high buy-in price.

[carlfebz2]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

First of all, leave day trading to the bots! Go for longer term trades on recently heavily dumped coins. Don't diversify too much, and don't buy small amounts of a lot of coin. You will end up only with scraps. Concentrate on few well researched coins instead. Hunt down coins with solid, new technology and buy the dips.
And stay away from pump groups. The good ones are closed clubs with rather high buy-in price.

Good suggestions but he can actually make day active trades but depending on how much time he would put up into trading.If time is to hectic then better go for longer terms when it comes on trading cryptos and as being suggested don't diversify too much and it much better to have a few coins but on solid ones rather than on have many but on weaker or doesn't have any potential for long term.This would really matter on how a certain individual would do its just like on researching up important things.

[Svelto]

My strategy is to set my trading plan carefully and follow it. I will also research the potential coins before jumping into it. I try to avoid pump so that I won’t be dumped on.

[Rcpogzhn]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

I think daily trading is too much stressful and time consuming. We are trying to make money to be able to do what we wanna do. And all the things we wanna do are gonna make us happy. If you get overwhelmed with daily trading success, you will fail at the first step of being happy. I think it this way. Long term investment to solid coins is the best option in this point of view.

[Wipro]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

That is absolutely differs from one person to another. More perfect strategy is buy when you find the dump and sell it out when the price bumps up. To do all things first you have to follow up the price chart frequently.
In some minutes also you will find the bitcoin or invested altcoin's price changes on the chart. If you follow up that properly you will never loose your fund what you invested at anytime. Simply trading is like a poker room game.

[SONG GEET]

- Don't buy any coins which are dumping hard or it is pumping hard
- Don't keep shitcoins with zero volume in your bag
- Don't put all your money in only one crypto
- Don't follow FUD/HYPES and buy/sell panicly
- Don't trade with your emotions, go with technical analysis
- Don't use all you have for trading, only use which you can afford to loss.

[reronggo]

as trader, we need some experience in order to learn of what we have done. if you have never loss then you're not good trader. if you want to trading efficiently,
try to make your loss as less as possible, nobody will always win, everybody ever deal with loss.
try to increase your gain when the coin is getting pump to gain more profit in repeatedly. but keep aware.
sell your coin if you have get profit eventhough just little profit.
dont be greedy, try to satisfy with all your effort. don't hope for too high price of some coins, it will make you hold too long and then when the price are getting dumped to 100 times lower than you buy, you will be in regret.

[Imfinnabeon]

I have all but one piece of advice for you and it isn't exactly how to trade but what mindset to bring into trading. You want to bring in a cool, rational, tranquil mindset into trading. I think this is the most overlooked aspect about trading because if you are cool you won't make bad decisions. Likewise if you are hot, irrational, and irate you stand next to zero chance of being successful.  

[dimonstration]

I have all but one piece of advice for you and it isn't exactly how to trade but what mindset to bring into trading. You want to bring in a cool, rational, tranquil mindset into trading. I think this is the most overlooked aspect about trading because if you are cool you won't make bad decisions. Likewise if you are hot, irrational, and irate you stand next to zero chance of being successful.  

taking yourself in a very calm way on how does the trading may work is a helpful thing to do for it is better for my opinion cause everything that is been done in a way wherein you are able to be with like here in trading everyone can to this efficiently by what yes on how you are able to be emotional what was been your good and best to be your current emotion will be for.

[bitcoinking11]

I think the best strategy is to starts with a small amount of money. Buy when the price dips and sell when the price increases. As you gain experience invest more.

[onurat]

earn money, create inverse proportion in purchases. What did the ancients say? The best way to gain is;
you will buy it when everyone sells you will sell when everyone buys

[richminded]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

Always trade with your strategy and not by emotion, many traders forget this thing because they easily sell on panic. My strategy is very simple buy low sell high and sometime if needed cut losses but of course I do my own homework which works for me well.

[arlington]

If you buy the coin when its price is low you start profiting from beginning and the other most important thing is to get rid of emotions, because so many people include them into trading.

[enawati]

In my opinion to maximize the profit in trading the key is do not greedy and manage emotion during trading. Do you own research and thinking twice before buy any coin especially for altcoin trade that paired with BTC and ETH and  doing short trade because the price of Bitcoin and Ethereum bullish strong now.

[SunJAB]

For effective trading you need to learn how to chart candlestick techniques, basic candlestick types, indicators that can affect the chart. Also you need to monitor the market to grasp its rules, this is very important because the crypto market is quite small so it is vulnerable to the market information.

[jhongzjhong]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

Being a good trader especially on day trader you must have a full time to monitor coins price in the market whether it dumps or pumps, time consumed is there wasting electricity for looking a little money. And then analized and have a researched of coins you invested for. Why not you try in long term investment you just pick up a solid and trusted coins from crypto market and then keep and save.
I strongly recommend with you bitcoins.

[TravelMug]

There's the old adage: Buy Low, Sell High. Do your homework, study the market, the coins that you want to invest or trade. Learn how to read graph, TA and most of all used your common sense.

Another is control your emotions. Trading is not for emotional people. Its a serious game that you need your common sense to make good decision. Based everything on logic and not by your heart.

Patience is also a key, you need to wait for the perfect time to buy or sell. This makes a lot of difference in terms of losing or winning in this game.

[timikulit]

I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.

First of all you need to create a demo account in a forex broker. Then practice your trading strategy there. for me you must have 3 or more profitable months before you can say that your strategy is working. After that switch to crypto trading. open a small amount of fund first because crypto is much more volatile than forex. pick the best crypto to trade. dont look at shitty coins until you have a stable trades on good cryptos. good luck

[saaux]

I think the best strategy is to starts with a small amount of money. Buy when the price dips and sell when the price increases. As you gain experience invest more.

that will be my starting game too.