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Author Topic: How do you trade?  (Read 1129 times)
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January 28, 2018, 09:44:55 PM
 #21

How I trade?When I am new in trading,it's hard especially that I don't any experience at all.But I am determined to know anything in trading.That is why I do some research.I copy some trading techniques.After a hardworking research,I get my own style when It comes to trade.How I trade?But putting an effort for analyzing at understanding the trend in trading.
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January 28, 2018, 09:52:27 PM
 #22

Personally I position myself on some currencies with news, news, news and I wait for the price to go up to sell, sometimes I hang several months on a currency, notament when there are delays but hey it's part of the game
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January 28, 2018, 10:44:39 PM
 #23

For me, the trading field is one of the hardest fields, or maybe the hardest one.
To master it, you need to be always up to date, you need to know , study and expoit all the news.
Also, u need to make some acquaintances, and you need to have a great backgroud so that you can predict accurately.
Moreover, you will need to have a good sense of judgement that will acquire through experience. In fact, in some cases,
in just one second , the value of bitcoin can increase to x10 its original value. In another second , it can decrease heavily.
What i want to say, this field is even hard for me. And one of my goals, is to achieve it and master it.Because once i have done that,
i am sure that i will become rich.

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January 28, 2018, 11:45:32 PM
 #24

How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume?  Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?

When I was trading on a regular basis, I would only trade in small amounts. I would place several small buy orders spaced apart so I didn't have to worry so much about catching the bottom of a dip. Same for sell orders. I would place several sell orders spaced apart also.

This strategy is a little like dollar cost averaging where you buy a little bit at a schedule time so you got some at a lower price and some at a higher price. My strategy differs in that the buys at not at a set time but at set prices always leaving myself leverage to keep buying as the price drops.
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January 29, 2018, 01:18:09 AM
 #25

Because i prefer to do long term trading than day trading  so trading base on fundamental analysis. When i found good coin that has massive potential i will buy it and use buy limit to get cheaper price and then just hold it a few month.

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January 29, 2018, 01:38:18 AM
 #26

Most of my trading decisions based on the news of the particular coin and the market movement overall. But only news is not perfect strategy in my opinion. If we talking about new coins from the icos then news can have big impact on the price change, but old school coins sometimes are not react even on big news. For example in the summer eth didnt react on really huge partnerships with big banks. I'm not specialist in the technical analysis but I watch the price levels based on the rprevious history if I bought some tokens for the mid-long term investment.

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January 29, 2018, 01:53:20 AM
 #27

My trading strategy is use technical analysis to decide when should be to buy or sell the coin. I use daily chart to know the level price now, to know the price on bearish or bullish trend and to know the price on oversold or overbought. And my trading periode usually maksimum in between 1 week to 1 month and take profit 20% to maximum 100% in every trade depend on the chart analysis. And always i use stopp loss feature to reduce risk in every trade.

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January 29, 2018, 02:08:48 AM
 #28

My trading strategy is use technical analysis to decide when should be to buy or sell the coin. I use daily chart to know the level price now, to know the price on bearish or bullish trend and to know the price on oversold or overbought. And my trading periode usually maksimum in between 1 week to 1 month and take profit 20% to maximum 100% in every trade depend on the chart analysis. And always i use stopp loss feature to reduce risk in every trade.
That is a good scheme, you have shown how to trade technically. Simply trading is selling the coin we have, the sale must be profitable, therefore we should be able to buy coin as cheap as possible. The rest is an analysis that is to read price movements. Usually a trader should pay attention to many aspects and then take conclusions to be able to make decisions.
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January 29, 2018, 06:49:00 AM
 #29

Ofcourse im still following the buy low sell high on most of my trades and sometimes instinct is a big help for me to predict what will be the price of a coin.

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January 29, 2018, 06:59:09 AM
 #30

How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume?  Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
I think that this is a very new market but can be very profitable and also a lot of risk. You want to succeed in business. You have to have extensive knowledge and skills in understanding and analyzing technical charts. You should also join the classes of experienced people who will teach you the psychology lessons so that you can successfully trade. You should also follow the reputable information channels from that aggregate and Make your own judgments.
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January 31, 2018, 05:29:06 AM
 #31

Ofcourse im still following the buy low sell high on most of my trades and sometimes instinct is a big help for me to predict what will be the price of a coin.
I guess, each investor here follows the same thing yet and will do in the future. Trading can be explained as buy low and sell high and it won't change that easily as the profits we all traders have is by selling at a good price. These days the market news is much effective for me as it surely matters into a price change and peoples do sell their coins in panic.

Panic sell costs a huge loss and holding our coins until the panic sell can be much beneficial. Also I do purchase more and more coins at a good dip as some or the other day the price for bitcoins and each other profitable altcoin is going to rock the market giving good profits in return. Investing in small amounts at each good dip is good and profitable for me.
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January 31, 2018, 05:48:59 AM
 #32

How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume?  Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
It is either the fame or luck why?  Because if the coin you invested has higher fsme than normal it might be a good idea to add more in their ICO now luck and fame has similar effect, it has a high effect towards your tradings if you got lucky and invested you got lucky on the active coin team that is capable of handling their ICO well expect a good impact to their coin then.
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January 31, 2018, 06:31:25 AM
 #33

when I am going to trade always try to my self keep calm.At first I observe the market is it good or bad position to buy and see the candle pattern.And then place a trade.
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January 31, 2018, 07:07:05 AM
 #34

Basically the best way is to look at the longer term charts and try and time trades off the short terms charts.

Basically in my opinion. Bitcoin is a long term bull, short term bear, and midterm a little bullish.

You can use TA to help you but keep in mind it maybe only works 20% of the time. The rest are fundamentals.
Analyzing charts and applying different technical strategies are the best way, every trader must need to follow in order to ensure consistent profits. There could be unlimited methods of trading. But, a trader needs to choose what method is suitable for him. Because, there will be no point of getting struggling with in some strategy which is not to helping for making profits.

Compared to any other trading, bitcoin trading is much easier as it is always in bullish in long-term perspective. So, we can easily predict market directions to make profits. Simply buying bitcoins and holding them for some years can ensure any trader to make profits.

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January 31, 2018, 07:15:04 AM
 #35

My trading plan is mostly i start buying when price start decreasing while i am start selling when price start increasing. But mostly i am holding my bitcoin for a time when i judge that i can earn now 12-15% profit then i start selling price even if price is continuously rising. I am not waiting for long time i have fixed my limit of profit whenever i am getting that profit then i started directly selling.
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January 31, 2018, 07:46:30 AM
 #36

Fundermentally, you should start your trading by  research! You should find as much information as it is available on cryptocurrency you want to put your hard earned fund into. Having established the coin you want to invest in, then take position and let your experience, methid and your skill guide you in your trading if such coin.

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January 31, 2018, 08:06:57 AM
 #37

I still stick to what I got used to which is buy low and sell them high. That’s why I always wait for times like these when most of the coins are dumping. I’ll take it as an advantage to buy altcoins at a very low price and of course buy them everytime it dips down if I have to and just hold on to the coins until it pumps back again.
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January 31, 2018, 08:14:28 AM
 #38

How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume?  Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?

Chart is our first friend when we do trading. I see any kind of chart pattern.
Normally i also check the dept market to see wheater more buyer or more seller. Always make sure to buy it when more buyer in the market

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January 31, 2018, 10:43:26 AM
 #39

almost everyone who trades in that way buys when the price is cheap and sells when the price rises, I personally always look at the graph before wanting to decide to buy or sell, because there could be possibly the price change quickly so it can make the best choice to sell or buy , and before wanting to decide to trade I always do some research so I can predict the upcoming movement
but for a prediction is not completely in accordance with what we expect,
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January 31, 2018, 02:37:14 PM
 #40

How do you trade? Do you still follow the buy low and sell high? Are you still looking on the charts to predict the future value of the coin? Or Do you just use your instinct and trade base on the volume?  Some people are still panicking if their coins go dip and just sell it before they lose greater sum of money. People whose enemy is their own emotions. For me I am studying the charts of the coins which has a high potential to pump even though I'm not sure if it woll really pump. If not, I'm just holding it until it does. I am controlling my emotions and think calmly so that I can resuce the mistakes that I may done with my decisions. How about you?
These days the price varies not much and also the price is not much up these days so I have some small profits but trading for short terms and buying and selling my coins daily. Yes, even now I follow the buy low and sell high as it is the basic mototivation behind trading. Each individual involved with trading follows the same and goes profitable for the future. Holding the coins is yet that effective and gives good profit.

Patience matters a lot into trading as panic sell can really cause a huge loss. I usually set a daily target for me to sell the coins for now as it really gives me effective profits daily. I just sell my coins at a good price when they are high and again purchase the coin once the price is back to normal and hold the coin to sell at a good pump again.
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