Four Keys to Success

[peter.from.penn]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

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[Arngrim]

The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

[peter.from.penn]

The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

Yes.  I agree that telegram groups can offer insight.  But no one can accurately and consistently tell you which way the market will go.  The best thing to do, in my opinion, is to recognize the overall trend.  It's hard to miss.  Then act accordingly.  I don't trade at the tops and bottoms, but rather within each trend and ALWAYS protect my earnings.  My personal opinion again, but it's better to miss a pump than lose money.  This way, it's possible to grow portfolio value consistently and steadily over time.  But if you take a huge loss, it's game over in some cases. 

[summit26]

I can share my simple idea about trading strategy. First is to know the current situation in the market. If it is low price the you need to hold it so that you will not regret to lose. If the price is high then it is the time to sell to earn a big profit.

[kwarto]

i agree with no 1 but just dont close your ears because you dont want to hear them. remember this people are talking with dignity ang knowledge of the subject matter. you may  not agree with their thoughts but i least you get something from them and use it to your advantage. at the end of the day its you to decide not them.

[myworkstrade]

Thanks for your wonderful share of experience. I learned from trading is patience discipline and many more. I agree with you, some paid groups provide signals but the main goal of trading is not only gaining profits but learnings the craft on trading. I experience Fomo also, its not new for many traders out there, but time will come you will learn from mistakes. I can share my ideas, know the volumes and quantity and quality of the coin mostly some coin that are low supply but in high demand can easily pump and dump system so beware of that. Set a plan for your trades before entering the market and always respect your cut loss whatever happens. Good luck to your systems or methods.

[peter.from.penn]

Thanks for your wonderful share of experience. I learned from trading is patience discipline and many more. I agree with you, some paid groups provide signals but the main goal of trading is not only gaining profits but learnings the craft on trading. I experience Fomo also, its not new for many traders out there, but time will come you will learn from mistakes. I can share my ideas, know the volumes and quantity and quality of the coin mostly some coin that are low supply but in high demand can easily pump and dump system so beware of that. Set a plan for your trades before entering the market and always respect your cut loss whatever happens. Good luck to your systems or methods.

I like your statement about setting a plan.  Many people neglect this, and just figure that they'll hodl through any bear market.  What they don't realize is that this market is volitile and full of new businesses, and many will not survive long-term.  I'm convinced that the only way to really succeed is to have a well developed plan and follow through.

[Sir Cross]

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  
watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

This is quite true and forgotten by many. Many would still ask for the speculation or prediction of others when it would just be as good as to the next person. There are many services out there offering accurate predictions or market trends or what trades to follow but these are just all speculative. No one in this planet would be able to tell 100% what's going to happen or what the price will be in the future. Once can only make educated guesses based from the trends.

[Scallywag]

this is really good advice for people new to trading. i would add to that , that trading isn't for everyone. and you should be honest with yourself after losing money if trading is really your thing. because there are a lot of other ways to make money in crypto.

[olia10]

I SUPPORT LESSON # 3. When the coin falls as much as the bears I go to sleep and wait until the bitcoin reveals the turn.

[Sinecoin]

This is advice that every new investor to follow and its something that i eventually learned overtime through many mistakes.  Learning not to panic sell and fomo is something that has saved me a lot of money and for every new investor to learn this theyr gonna have to experience a generally big crash followed by a long bear market.  Once thats over, the urge to panic sell will dissipate.

[chris200x9]

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

Those experts may be good in coming up with some charts based on market conditions but that doesn't mean that whatever they say it will happen. Because if that is true then they never share that piece of important information to anyone else instead they will keep it and become rich and no need to depends on a monthly fee.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

I believe most of the people will fail in doing this every time because there are many bull traps so you can't escape from it. So what I do is I don't sell or buy all at once instead go with smaller quantity means when I think the market may fall then I book partial profit and rest keep it. If prices go down then I will buy a small quantity and wait for few more days. If again go down then buy some more or else enjoy the profit whatever I get from the previous purchase.

[Btc_1856]

The above suggestion is very helpful to the Newbie who doesn't have much knowledge about the trading. Most of the people will follow you because you have represented everything how trader will face everything in his trading journey. I faced the same situation at the beginning of my trading.

[btcformula]

Most of telegram paid group is part of pump & dump group. Some youtuber & ICO reviewer work for money. SO taking decision based on there views is ver risky. Thanks for sharing your views. I want to make little addition from my side, that is don't be to much greedy. Book you profit & play with some portion of you profit.

[jamids]

These are lessons that the traders should adhere to so that they become profitable. The mistakes the traders make especially when they are just starting is becoming greedy. Always panic buying and selling and end up at a loss. It is so hard to control emotions when you are just starting but eventually when you continuously trade, you will learn how to control it and develop a strategy that will work for you. In addition to your suggestions OP, I would like to add to always have a trading plan and follow it. If you observe that it is not working then you can revise a little until such time that it will make you become profitable. No one can predict the market but at least you can have money management.

[19faraon88]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

You are correct in here. Also, to be success, you should brave to risk you money. You should not afraid in what will happened to you investment.

Also to be success, you should know what is your fashion and you should goals.

[Ryanpogi]

Learn how it moves, patience, if you fail to try and try until you succeed. most of all you need to not forget the god. pray god will provide. thank you.

[wayaneka]

Currently im loss over 50% from my total balance and my mistake dont use cut loss strategy, and i was just hodl it. And from this mistake i will change my strategy to selll by partly the coins when uptrend and keep some to fiat or in USDT so when downtrend happen again that some my money will safe there. And now i will trade on pair crypto with USDT only, because the crypto market downtrend together in some periode and also to make more easy to manage the risk when downtrend.

[matthewoz101]

I must add for the new people getting into crypto and alt coins, never buy at the all time high, despite how tempting the quick gains you may or may not make. With alt coins, always find out the ICO price so you can accurately gauge if it's going to be dumped.

[TTITA]

Experiences is better gurus, isn't. Trading is how about you can controlling your own money whether you want it to sell or buy.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

These two points have given me an important reference that we don't need to counter market trend, take correct decision when the trend starts moving in way that does not benefit you.

[lienfaye]

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

This is true, many predictions have been said and some of them came from experts but is it really reliable? No because no one can certainly know the future of each coins. However its not bad to listen but dont just rely in what they are saying, its important to have firm decision hence if something bad happen you cant blame anyone but yourself.

[anzhanbei1214068]

Thank you for your share of the trading advice, I get the benefit from it.

When I was in the market began to decline in fantasy maybe tomorrow the price will be rise up, but didn't, the market has been down, until I lost seventy percent of their money, to begin to turn green, the market now if I could use your this way, maybe I won't lose so much money.

[timikulit]

Thank you for sharing your own strategy. it helps a lot of people which is new to trading or investing. However, i believe that every person has its own comfortable strategy to play with. Some traders are happy to make short trades even if the market is pulling down. Its a matter of your behavior on how you manage your profit and loss.

[RondoAnyar]

thanks already share the trading experience, I think many people are also implementing the same thing you do but everyone has a few different strategies and probably will apply the concept that would give a profit. I think your concept is very good.

[federico7]

Those are great. I add something that is's called WD Gann's trading rules, it's from another times, but it helped me when I was starting and of course, making a lot of mistakes.

Never risk more than 10% of your trading capital in a single trade.
Always use stop-loss orders.
Never overtrade.
Never let a profit run into a loss.
Don 't enter a trade if you are unsure of the trend. Never buck the trend.
When in doubt, get out, and don't get in when in doubt.
Only trade active markets.
Distribute your risk equally among different markets.
Never limit your orders. Trade at the market.
Don't close trades without a good reason.
Extra monies from successful trades should be placed in a separate account.
Never trade to scalp a profit.
Never average a loss.
Never get out of the market because you have lost patience or get in because you are anxious from waiting.
Avoid taking small profits and large losses.
Never cancel a stop loss after you have placed the trade.
Avoid getting in and out of the market too often.
Be willing to make money from both sides of the market.
Never buy or sell just because the price is low or high.
Pyramiding should be accomplished once it has crossed resistance levels and broken zones of distribution.
Pyramid issues that have a strong trend.
Never hedge a losing position.
Never change your position without a good reason.
Avoid trading after long periods of success or failure.
Don't try to guess tops or bottoms.
Don't follow a blind man's advice.
Reduce trading after the first loss; never increase.
Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake.

[Vit83]

I learned to be patient;) I learned that you need plan for both variants. Before you buy something you must understand where are you going to sell it if it falls or if it raises. If I see that it can fall in 50% and growth just in 5-10% I won't buy this.

[sandos]

thanks for your sharing and i totally agree with you. trading is the most difficult job in the world and you have to learn from mistakes to protect your money. and I wanna give my advice that you have to learn the way how to control your emotion. Do not too greedy or scared

[EtherATM]

The above suggestion is very helpful to the Newbie who doesn't have much knowledge about the trading. Most of the people will follow you because you have represented everything how trader will face everything in his trading journey. I faced the same situation at the beginning of my trading.

I also think that 4 keys to success above is really useful for all of us ,especially for the one who is a new in this market. I wan to say thank you to you a lot. I find the key 1 really great,every of us shouldn’t believe in anyone when you are in crypto market because as far as you know that this is completely anonymous, it maybe have many scammers,therefore you’d better do not think that it helps you natuarally. From trading for last some years,I feel like more interested in this job, especially this is the job which helps us a lot in reliazing mistakes and also we have chance to fix it.

[herurist]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Thank you for sharing experience and what I learn from trading just one, this is not the easy way to make money, so never trust people who can create high income in short time, that's lie. The knowledge is same but we must fix our strategy because trend always change. Fixing strategy look's simple but doing all the time is bad and not all people like this activity. I'll keep fix my strategy not because fail but follow the trend not to against.

[JC btc]

The above suggestion is very helpful to the Newbie who doesn't have much knowledge about the trading. Most of the people will follow you because you have represented everything how trader will face everything in his trading journey. I faced the same situation at the beginning of my trading.

I also think that 4 keys to success above is really useful for all of us ,especially for the one who is a new in this market. I wan to say thank you to you a lot. I find the key 1 really great,every of us shouldn’t believe in anyone when you are in crypto market because as far as you know that this is completely anonymous, it maybe have many scammers,therefore you’d better do not think that it helps you natuarally. From trading for last some years,I feel like more interested in this job, especially this is the job which helps us a lot in reliazing mistakes and also we have chance to fix it.

That is right, but although we are given already those facts if we cannot apply it in ourselves then it is useless. But still the best strategy so far is to have your own experience, if you have the guts in doing so then put up some  little amount so that we can try trading in ourselves.

[zhinaivan]

Learn how to trade,patience,searching or reading what ico legit but also you have money ro invest here.this is my four key to get success to the cryptocurrencies and i known someday you will to your children how to be success.

[kamike]

Learn how to trade,patience,searching or reading what ico legit but also you have money ro invest here.this is my four key to get success to the cryptocurrencies and i known someday you will to your children how to be success.

Patience is a key factor that everyone was saying here, but although we do have patience if we don't have the guts to take risk then still nothing to happen with our life, that is why it is so important as well that we should have both traits for us to success in life, we need to have vision for everything.

[LuanX3]

For me, it is not to trade those super volatile coins and the highly inflated ones even if you are on the short side of things. It's highly unpredictable and in the end you can be on the losing end of the stick every trade you make. Also, do not let your emotions run lose and make a panic decision that ends up you selling a lot lower than what you bought the cryptocurrency for.

[Spain2000]

In my opinion the keys to success is the time management and the hard work is the other key to success and in the crypto market the bitcoin holding is the first key to success and the other key in the crypto is the crypto investment and the third key is the trading of this currency is the other key to success while the good thing to earn bitcoin through work and for me the best thing is the bitcoin holding for the right time and crypto usage is increasing day by day and i hope that we have to be success in the market.

[okala]

You have some very nice strategies! However, many traders are in trading because of how they have that to make money through trading is very easy but in reality it is not so. Trading is a game of professional and you should not go into it without a proper knowledge on how you can make a successful trade and also make profits.

[BartS]

The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

This is an illusion that many need to forget if I knew what was going to happen in the market I will not be sharing that information with anyone I would use the information to invest every single dollar that I have in my life and make a fortune in just one or two trades, so a trader or a group of traders giving that information can only be doing that out of two reasons, one of those reasons could be they like to help people and we see people like that in the forum but the most likely reason is that they are going to try to profit from you in some way or form.

[milewilda]

The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

This is an illusion that many need to forget if I knew what was going to happen in the market I will not be sharing that information with anyone I would use the information to invest every single dollar that I have in my life and make a fortune in just one or two trades, so a trader or a group of traders giving that information can only be doing that out of two reasons, one of those reasons could be they like to help people and we see people like that in the forum but the most likely reason is that they are going to try to profit from you in some way or form.

Theres no free into these days on where most people would really find methods which would able to make them money those motives are really possible. No one on this world would really share out a specific strategy which they do able to make huge profits on it but this is also just happening only in our dreams because predicting market price is just a fairy tale.

[Kambal2000]

The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

This is an illusion that many need to forget if I knew what was going to happen in the market I will not be sharing that information with anyone I would use the information to invest every single dollar that I have in my life and make a fortune in just one or two trades, so a trader or a group of traders giving that information can only be doing that out of two reasons, one of those reasons could be they like to help people and we see people like that in the forum but the most likely reason is that they are going to try to profit from you in some way or form.

For me, the best thing here is to be yourself make your own path here, don't just rely on the experts strategy, make  you own strategy based on your experience, you can do better here for as long as you are willing to take the risk and you will see at the end that it is so worth it to take risk.

[gantez]

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

This point is really important. It is the real gist an incoming or old trader needs to know. With this mindset, a trader would believe in looking out ways to better his/her trade and not always believe that mannas still fall from heaven.

[koralan]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

These are very meaningful lessons. I think this community needs more useful sharing like your article. Article 4 is very necessary for me in the period of market volatility as today.

[Streamlink]

LOL that’s the truth. But that number one, don’t you think that if those gurus are able to convince people to HODL that price will go up or something, since it is being determined demand rate? Though I don’t trust all these so called gurus and professionals, I just rely on myself and do whatever my mind tells me most times. Many times I have tried to do as they said I ended up on a losing side, so I stopped taking their advice anymore. As for number 2, you’re right. I don’t really rely on all these tokens., I always protect my money and don’t joke with it. Things are not easy, it’s hard to make money so you shouldn’t be joking with it. That’s always my priority. And as for buying when it reaches the bottom, I do the same too. I will always till it falls to the lowest and when it seems like it’s starting to run up and people are rushing in, I also rush in and invest so I could make profit. These days I hardly lose, if I can remember, the last time I lost money was around 2015, never lost money again.

[Roachgo04]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Nice post OP! These are solid advice for wannabe crypto investor or trader. I do believe in item number 1 where many of the newbie follow what others think will happen; these often results to huge loss in trade. Based on my experience you need to do your own strategy not based on others opinion.
I keep reading your post and I have concluded that if these will make your 4 cardinal rules in trading and investing then success will be yours.

[sujonali1819]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Yea I also agreed with you on your opinion and strategy. Really its very helpful to me and I will follow your strategy in my future trading.And obviously, I want to say that every trader should try to get about the market trends.

[worle1bm]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

I really appreciate the knowledge you have shared from your past experience which will help the new traders a lot but on the personal basis i also want to add that a good trader always know the next step in the market by forecasting and took decisions according to it so as to avoid losses.Have patience and always have courage to face losses and bear risk.Gain experience and knowledge as much as you can attain from your suurondings which will help you a lot.

[SHBlizzard]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Good post.  I would add one thing for sure, use all of the above and then follow your gut!
theres been quite a few times where I have either missed out on a good trade, or got burned but not following my gut.

Learn from your mistakes is another big one, and is actually really hard to do 

[budz0425]

Good post.  I would add one thing for sure, use all of the above and then follow your gut!
theres been quite a few times where I have either missed out on a good trade, or got burned but not following my gut.

Learn from your mistakes is another big one, and is actually really hard to do 

That is right, that is why we should start even at little amount, because although you already know those strategies if you don't act or start now then it would be useless so follow it until you will have your own strategy and can share and would be able to help people.

[cydrix]

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.   

Well yeah that is what campaigns stands for, making advertisement about someone's ICO can raise funds and ammass a good value in the process so simple and easy just go on the trend and invest some of your money and you'll get easy money from ICO in this 2018 trading is not an option for now.

[xIIImaL]

Good post.  I would add one thing for sure, use all of the above and then follow your gut!
theres been quite a few times where I have either missed out on a good trade, or got burned but not following my gut.

Learn from your mistakes is another big one, and is actually really hard to do 

That is right, that is why we should start even at little amount, because although you already know those strategies if you don't act or start now then it would be useless so follow it until you will have your own strategy and can share and would be able to help people.

Since the price of all the crypto currencies being cheap now. As you said this is the right time invest our fund. I am damn sure with in 3 months we may able to find the double the value what you have investing now.
So please check the price fluctuation on all the crypto currencies which are does not even needed for mining but the high potential in the market place circulation. Choose those kind of coins invest now.

[cryptolet]

The first key is to have the right people around you, have a right event of  being creative, keep a vigilant eye on your objectives and lastly recognise, reward and evaluates your results.

[jack8989]

The first key is to have the right people around you, have a right event of  being creative, keep a vigilant eye on your objectives and lastly recognise, reward and evaluates your results.

I think as some famous people said, the key to your success is your working hard or not.
Only 10% with your intelligent, 90% the rest will depend on your working hard .
Your career will be nothing if you're just lying there and thinking about some ideals without making it come true.
So let's work first then get the success later.

[mx667]

The first key is to have the right people around you, have a right event of  being creative, keep a vigilant eye on your objectives and lastly recognise, reward and evaluates your results. I think as some famous people said, the key to your success is your working hard or not.
Only 10% with your intelligent, 90% the rest will depend on your working hard. Your career will be nothing if you're just lying there and thinking about some ideals without making it come true. So let's work first then get the success later.

A goal without a plan is just a wish. If you have a goal or hope, but you do not know what to do to makes those dreams come true, then it will be useless. You must know your plan and start doing it. If you just want to success but do not know what to do, can you be a successful person ? Albert Einstein once said this: If you wish to make a different things but you always do the same things, that is called madness. You must do different things and try new things, but do not forget to focus on what you like to do and what you can do. Do not force yourself to do an impossible thing for you even though you do not like it.

[ice18]

Thank you for sharing your experienced and insights into trading world Im sure these words are useful enough to those who have failed in their trading careers and at least they can coup some ideas specially in # 3 statement "When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait." this statements are really true. 

[kodtycoon]

Waw, your has learned the trade well, I see in essence you have never influenced anyone who predicts the market, you make your own decisions and actions that make you a strong person I feel. Your lesson is very useful in my opinion and thank you for sharing it here.

[Hassan02]

Waw, your has learned the trade well, I see in essence you have never influenced anyone who predicts the market, you make your own decisions and actions that make you a strong person I feel. Your lesson is very useful in my opinion and thank you for sharing it here.

There is a lot to be done here specially you have been made some decision that you think would probably made you to be in a good condition for my opinion there is always a good essence of not to be listening to others opinion for what may probably might happen for.

[katarin2030]

Success not comes easily we have to earn that, so to get success need to follow some key points that includes Hard work, managing time, clever enough to understand the tricky situations and luck also plays a vital role to achieve success altogether we can taste the success.

[bearexin]

The above suggestion is very helpful to the Newbie who doesn't have much knowledge about the trading. Most of the people will follow you because you have represented everything how trader will face everything in his trading journey. I faced the same situation at the beginning of my trading.

I also think that 4 keys to success above is really useful for all of us ,especially for the one who is a new in this market. I wan to say thank you to you a lot. I find the key 1 really great,every of us shouldn’t believe in anyone when you are in crypto market because as far as you know that this is completely anonymous, it maybe have many scammers,therefore you’d better do not think that it helps you natuarally. From trading for last some years,I feel like more interested in this job, especially this is the job which helps us a lot in reliazing mistakes and also we have chance to fix it.

That is right, but although we are given already those facts if we cannot apply it in ourselves then it is useless. But still the best strategy so far is to have your own experience, if you have the guts in doing so then put up some  little amount so that we can try trading in ourselves.

There are always some good people who are always ready to advice you on something. But best results would be obtained if you try it yourself. Get their advices on board, learn properly about what you are going to do and then start with little amounts. What you will experience yourself will be best teacher for you next time. Learn from your mistakes as well and start your portfolio.

[iv4n]

1.  I learned that no one can accurately and consistently predict the market.

Who cannot agree with this?! And the traders should know how to read the market, right? But how to do it? Step two keeping the money or keeping the crypto? In times when crypto is downtrend you should buy you say and risk money, bit what if downtrend continues? Selling in times when prices are rising and be in profit can take more time then you first thought. Keeping the money or crypto safe is normal thing to do, but earning and making profit from market fluctuations is moving you fund into money or into crypto, depending of the the market. Four step is like, second or fourth, trend is the friend if you can predict the market, and we already said that nobody can do it. Last year trend was pushing the price up to 20000 dollars, you sold at 5000 but in next few days price went to 10000? What you can do? Wait drop at 4000 dollars that will never come?

[wayancrypto]

Iam doing alot of mistake in first trading, but from that mistake i can learn and make new better strategy. Now iam more focus trade on pair USDT because this is look more easy to trade it because we only make analysis for 1 coin. Also more faster to take out from bearish market cause bad news. And also i will try to be more patient when buy and sell any coins to get better price.

[iqlimasyadiqa]

Iam doing alot of mistake in first trading, but from that mistake i can learn and make new better strategy. Now iam more focus trade on pair USDT because this is look more easy to trade it because we only make analysis for 1 coin. Also more faster to take out from bearish market cause bad news. And also i will try to be more patient when buy and sell any coins to get better price.

To me that our mistakes at the beginning can be an important lesson. Experience will train us to have the skills and also train us to be able to make the best decisions. Trading is not a science that can be learned in a short time, takes a long process and time until we can really understand how to do good trading.

A Trader is a person who trains themselves all the time, they analyze and practice, losses are a natural thing and they try to get a lot of profit on one occasion. small losses will not be worth the big profit that can be achieved someday.

[Bustart]

1.  I learned that no one can accurately and consistently predict the market.

Who cannot agree with this?! And the traders should know how to read the market, right? But how to do it? Step two keeping the money or keeping the crypto? In times when crypto is downtrend you should buy you say and risk money, bit what if downtrend continues? Selling in times when prices are rising and be in profit can take more time then you first thought. Keeping the money or crypto safe is normal thing to do, but earning and making profit from market fluctuations is moving you fund into money or into crypto, depending of the the market. Four step is like, second or fourth, trend is the friend if you can predict the market, and we already said that nobody can do it. Last year trend was pushing the price up to 20000 dollars, you sold at 5000 but in next few days price went to 10000? What you can do? Wait drop at 4000 dollars that will never come?

Success for me is living my true purpose in life, and being able to contribute the God-given gift to others to inspire and uplift them.
Below are my four keys to success (I hope it will work for you too):
1. Use your will, determination, and commitment
2. Excellence and vision are required
3. Double failure rate
4. Go to success. Success won’t fall in your lap; you have to go after it. 
I've stumbled many times, but I chose to stand and continue to fight the battle of life. As part of crypto family , it's truly an honor and duty. I would devote myself to be an asset in the team. I would use my burning desire to help people in need and to be their inspiration of hope, perseverance, and dignity. I hope we shall help each other to be successful in bitcoin, the success of one is the success of all, we are one team, one family and I hope we shall strengthen our grip to success tightly for our growth and well-being.

[OrangeSeller]

Learn how to trade,patience,searching or reading what ico legit but also you have money ro invest here.this is my four key to get success to the cryptocurrencies and i known someday you will to your children how to be success.

If you are into the world of trading, then you really need to learn number of things and that you need to spent most of your time in learning and practicing of the trade because this is the only thing which will help you in becoming an expert in trading and to have an opportunity of becoming a better trader.

You need to practice how to control your emotions and nerves at tough times and to keep on reading more about crypto market as well.

[jrrsparkles]

For me it is an one and only way to get profits from trading is Buy low and Sell high so work according to these and do whatever you want to do that strategy.Never trade for loss and it is better to hold than losing our money.

[Nuex]

A professional approach to making trading decisions in financial markets based on trading strategies that can help determine when opening and closing positions. The trading strategy provides an opportunity to either increase the likelihood of a successful transaction, willing to give the trader the ability to manage risk and profit relationships. Most trading strategies are based on data derived from technical analysis indicators or fundamental analysis of systematic interpretation

[Invester]

This post deserves a round of applause and a couple of merit. Very brilliant! Everything's pretty hit bull's eye!

You have presented everything that cannot be explained properly by other people, even the veteran crypto traders, very smooth and clear. 

The top 2 points that are very true as far as I am concerned is that, first, the market is really uncertain and therefore unpredictable. And the other one is that no one should try to make a god out of a coin and stick to it no matter what. Blind loyalty to a coin will not really bring anyone somewhere.

[Koro-Sensei]

All this ideas about becoming a successful individual usually turns out to  be a theory that can't be proven enough by certain amount of proofs it is all about speculation. Boggling ideas usually came in handy sometimes but we do have different potentials, attitudes, and other stuff to make us different. Sure sometimes people have similarities but that doesn't count as valid until it's proven.

[haroldtee]

Learn how to trade,patience,searching or reading what ico legit but also you have money ro invest here.this is my four key to get success to the cryptocurrencies and i known someday you will to your children how to be success.

If you are into the world of trading, then you really need to learn number of things and that you need to spent most of your time in learning and practicing of the trade because this is the only thing which will help you in becoming an expert in trading and to have an opportunity of becoming a better trader.

You need to practice how to control your emotions and nerves at tough times and to keep on reading more about crypto market as well.

One other thing is that you cannot finish learning in just one day, so you have to be ready to go all the way. The reason why a lot of people usually say HODL is because so many have missed out because they never had the idea of trading and to know when to enter a market or leave it which obviously made them to always regret their decisions. In cases like this, it is always better to just invest what you would not bother about and watch it grow over time, but if you can trade safely and effectively, it is always a better chance to grow your asset in quantity by taking advantage of the fluctuations.

[myworkstrade]

Thank you very much. Your post is very helpful and easy to understand. Predicting market price is difficult but if you do study and do research you will know how to play with it. If you are in trading any kind of market its really basic you will have patience and discipline with determination, always practice trading set a plan when trading always think if you enter to the market you should have exit  as possible, they said rinse and wash repeat system.  Very good points keep it up, market is your friend, but sometimes market is your worst enemy so prepare your risk management when trading as well. Focus on what you study and stay to your system. Good luck thank you very much

[mega]

Agreed,Beside that also many other things to be successful in crypto world.

Educate yourself,knowledge is necessary to be successful.

Set goals and make strategies to achieve them.

Learn to control the emotion dont take decision in panic.

Diversify the investment dont put all eggs in one box.

[tbterryboy]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Yea I also agreed with you on your opinion and strategy. Really its very helpful to me and I will follow your strategy in my future trading.And obviously, I want to say that every trader should try to get about the market trends.

Market is always showing you up with best ways where one can put an impressive input and best output can be seek out. For the traders, as they have to go on with their market dealings, they must be observant. Always taking out some analysis about the market and try to pinch out the patterns that markets are showing. Because these trends and patterns can be so helpful in your decision making.

[Sir Cross]

Learn how to trade,patience,searching or reading what ico legit but also you have money ro invest here.this is my four key to get success to the cryptocurrencies and i known someday you will to your children how to be success.

If you are into the world of trading, then you really need to learn number of things and that you need to spent most of your time in learning and practicing of the trade because this is the only thing which will help you in becoming an expert in trading and to have an opportunity of becoming a better trader.

You need to practice how to control your emotions and nerves at tough times and to keep on reading more about crypto market as well.

One other thing is that you cannot finish learning in just one day, so you have to be ready to go all the way. The reason why a lot of people usually say HODL is because so many have missed out because they never had the idea of trading and to know when to enter a market or leave it which obviously made them to always regret their decisions. In cases like this, it is always better to just invest what you would not bother about and watch it grow over time, but if you can trade safely and effectively, it is always a better chance to grow your asset in quantity by taking advantage of the fluctuations.

That may be one reason, and maybe another would be others don't have the time or effort to learn trading but would want to profit or make a long term investment. Hodling would be their next best option because if you don't know how to trade properly, there's a big chance for you to lose your money. It may make a longer time to profit as compared to day trading but this is better for those who cannot control their emotions or have a hard time making market predictions.

[BTC-Market]

Good words. I mostly agree with you. You've got a nce experience and it will make you more cleverer

[raven7886]

The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

Yes.  I agree that telegram groups can offer insight.  But no one can accurately and consistently tell you which way the market will go.  The best thing to do, in my opinion, is to recognize the overall trend.  It's hard to miss.  Then act accordingly.  I don't trade at the tops and bottoms, but rather within each trend and ALWAYS protect my earnings.  My personal opinion again, but it's better to miss a pump than lose money.  This way, it's possible to grow portfolio value consistently and steadily over time.  But if you take a huge loss, it's game over in some cases. 

Infact, it is always better to know how to use some of the indicators yourself to make a good decision in the market. You can always get it right all the time, but you can at least make good calls if you are smart enough. It is something that I learned the hard way which made me to learn how to trade.

I feel the whole idea of HODL is over rated and even though it is good for those who do not have trading idea or what to look out for, people should remember they can always learn. Why HODL when you can make the best of what you are holding by trading it ?

[aoihs00]

ITs true that there are always few simple facts that we need to consider while making the investment.

Downtrend, Uptrend, Patience, HOLD, what do we have to loose guys!! Just acquire all these characters and behave as per the trend the way OP has explained about it. I mean in the long run we can always hold our bulls and have some profitable trades. A man with patience is already half way through the success that is what I believe in. If you loved your trade and willing to grab the profits that you have earned then just go get it and sell whatever you have. If you see the downtrend coming then just hold and if you have some extra then just buy with it and earn even more for the time being. See its game of holding and you are the owner of this game, play the way you want it! 

[mai2mai]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Really like the second point. I was caught with the coins I like in deep losses and now I'm still waiting for them to rebound. We'll see how it works...but from now I trade with stop-losses only. And one more thing I've learnt is to make clear records of every operation, every order I open and close. This is very important not to write only numbers but also my thoughts in that moment it helps a lot to analyze my mistakes.

[wuvdoll]

The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

Everyone is always speculating but unfortunately we cannot know anything. Most times, a lot of newbies always end up falling for those craps since they cannot make decisions on their own, but the fact is that some of these guys will just go solo and only come back when the market is looking good and leaving you to your own fate. The best is to learn how to do some of these things by yourself still one of the aspect that I believe every trader must learn as most important lesson for trading is, never get greedy.

[Bitcoincole]

The number 1 lesson is the best of all and will teach you everything. Do not believe any groups that are telling you this will happen or that will happen. It will always be just speculation.
No one can predict to what will happen. The price could double anytime or could fall until you cannot take it anymore.
Then all of it will follow, including what you should do to at least have an idea to where the price will go.
Legitimate telegram group of one coin is the best one to get more knowledge.

Everyone is always speculating but unfortunately we cannot know anything. Most times, a lot of newbies always end up falling for those craps since they cannot make decisions on their own, but the fact is that some of these guys will just go solo and only come back when the market is looking good and leaving you to your own fate. The best is to learn how to do some of these things by yourself still one of the aspect that I believe every trader must learn as most important lesson for trading is, never get greedy.

I definitely agree to all your lessons learned in fact it is very relatable. In this kind of business, we need to experience it personally because I believe that experience is still the best teacher. You may be doong the same thing but you are into different circumstances that requires different kinds of decision making. But whatever it is the best strategy is having enough knowledge of what you are doing and patience to wait for the perfect timing and open mindedness to change your strategy if its not working.

[malikusama]

1.  I learned that no one can accurately and consistently predict the market.

Indeed no one can predict precisely in this market, your four points are related to each other so I can sum up it to make a single key which will be useful for beginners because they can't even figure out when to sell and when to buy.
My only suggestion for beginners is  "Don't panic when market is red (just HODL)".

[eaglewhite80]

For me it is an one and only way to get profits from trading is Buy low and Sell high so work according to these and do whatever you want to do that strategy.Never trade for loss and it is better to hold than losing our money.

I totally feel the OP. The thing is that a lot of people may go the HODL way, if they do not have any trading idea. It is good but in the long run, it is not actually the best way. I remember early this year selling all my assets in alts which grew with some $9k profit which from my blockfolio app right now, they are all $2500. (decided to leave them in the app until I buy back to know what I would have lost). Anyone can do the maths. I can easily buy back more of these coins now at their dip and wait for the next phase. HODL if you can and trade if you can. None is bad, but obviously trading is much better.

[coinplus]

Learn how to trade,patience,searching or reading what ico legit but also you have money ro invest here.this is my four key to get success to the cryptocurrencies and i known someday you will to your children how to be success.

If you are into the world of trading, then you really need to learn number of things and that you need to spent most of your time in learning and practicing of the trade because this is the only thing which will help you in becoming an expert in trading and to have an opportunity of becoming a better trader.

You need to practice how to control your emotions and nerves at tough times and to keep on reading more about crypto market as well.

I can understand you mate. One mistake a lot of people make though is to try to do some of these things without learning and that is where they end up screwing up a lot. Many people always sell wrongly and end up joining FOMO as time goes on when they can at least learn how to trade and make the best of the market.

One thing I have learned is that market is always going to be one way ahead, but with trading, you can still at least learn to play safe. Otherwise surviving in this highly competitive trading field is highly impossible in terms of safeguarding our capital amount.

[BartS]

For me, the best thing here is to be yourself make your own path here, don't just rely on the experts strategy, make  you own strategy based on your experience, you can do better here for as long as you are willing to take the risk and you will see at the end that it is so worth it to take risk.

That is by far the best thing to do, people can be very lazy and as such they prefer to get advice of someone else and while there is nothing wrong with listening to some people that have huge experience and knowledge about a particular subject the truth is you will never appreciate the effort it is needed in order to be able to reach your own conclusions and not only that, if you only listen and follow the advice of someone else then what you are going to do when that person no longer gives you advice for free? You'll be lost and you will not know what to do.

[danniwide1234]

I quite appreciate the fact that you emphasize that your point should not be taking as a trading strategy but your personal sentiment born out of your personal experience. However, I quiet agree with the four points you raise.  Two of the points stand out for me. Know one with certainty can predict all of the time the direction the market will go at every point in time. Also the first rule in trading for me is to protect my fund. This particular concept has helped to curb being greedy and avoiding loosing big time. 

[d1ceplayer]

Waw, your has learned the trade well, I see in essence you have never influenced anyone who predicts the market, you make your own decisions and actions that make you a strong person I feel. Your lesson is very useful in my opinion and thank you for sharing it here.

In the world of the crypto currency, the only thing which can lead you to the success is none other than that of gaining more knowledge and information regarding the things and other than that, being self determined and patient all the time and not to get dishearten even if you suffered the loss. You need to keep on doing your best and that you need to think well before making any decision.

[darewaller]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.
-snip-
It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Nice one bro! Very nice one!! I guess at some point, a lot of us have to learn our lessons the hard way and I feel the whole idea of HODL is over rated. Every asset will always have a down turn and one should always be ready for them. Also, I may like to add that people should learn how to follow trend or trade a little bit to be able to know how to make some of these decisions. They help a lot in making a lot of money in the long run.

In the world of the crypto currency, the only thing which can lead you to the success is none other than that of gaining more knowledge and information regarding the things and other than that, being self determined and patient all the time and not to get dishearten even if you suffered the loss. You need to keep on doing your best and that you need to think well before making any decision.

Yes knowledge and experiences together can do any magic in trading but one without another one may not land us into our preferred regions. Some people may gain their knowledge through experience but the short cut must be learning knowledge first and then gaining experience.

[BartS]

In the world of the crypto currency, the only thing which can lead you to the success is none other than that of gaining more knowledge and information regarding the things and other than that, being self determined and patient all the time and not to get dishearten even if you suffered the loss. You need to keep on doing your best and that you need to think well before making any decision.

It's funny because in the world of cryptocurrencies having knowledge and information is without a doubt important but probably the most important characteristic that you need in order to become successful is to be patient, it doesn't matter how much knowledge do you have if you do not have the patience to hold your coins for a long time, that is why one of the most common strategies recommended by the forum members is to hold your coins and the reason for that is that the strategy of holding for a long time works pretty well not only in cryptocurrencies but in almost any other market.

[hisuka]

Waw, your has learned the trade well, I see in essence you have never influenced anyone who predicts the market, you make your own decisions and actions that make you a strong person I feel. Your lesson is very useful in my opinion and thank you for sharing it here.

In the world of the crypto currency, the only thing which can lead you to the success is none other than that of gaining more knowledge and information regarding the things and other than that, being self determined and patient all the time and not to get dishearten even if you suffered the loss. You need to keep on doing your best and that you need to think well before making any decision.

We learned a lot when we experience of struggles during those times like in the down market. I agree with you for us to have a successful results when we trade is being determined and patient on what we are holding on. These could help us to have a right path in this industry.

[cryp24x]

You are correct when you mention that "trend is your friend" because it helps us to predict somehow what's the next trend even Bitcoin is really volatile. We must also learn what is the best approach to investing and trading. We should have the right attitude and great game plan for making decisions. We also need to diversify our funds, do not invest in a single currency. Lastly, We need to know how to manage our crypto and fiat as well.

[angrynerd88]

I agreed and well defined i hope many readers will take benefit from it,Actually different people have different perception and different goals and they define success their own way according to goals and fields. Like one person goal i earn 100 BTC in a year and how it will make it possible and made different strategies and he reach near about it will be success for him or her.So commonly success mean consistency and commitment with goals and achieve in time line.

[Pelevelyl]

You never know when a trend will start, when it will end. Also, you do not know when the growing trend will be replaced by a falling trend.

[BartS]

You never know when a trend will start, when it will end. Also, you do not know when the growing trend will be replaced by a falling trend.

You do not know when at trend will start you are correct when you state that there is no way to know for sure when that is going to happen, this is why holding is a really popular strategy not only in cryptocurrencies but in stocks and bonds as well, the longer you hold the greater the chances you have of grabbing and upward trend and as we have seen bitcoin over the long term has a tendency to go up in value, there is an occasional crash here and there but the crashes have a tendency to be lower in size than a bull run, so if you are in doubt of what to do with your investments the best thing is to wait and to hold.

[kimjenglot]

You are correct when you mention that "trend is your friend" because it helps us to predict somehow what's the next trend even Bitcoin is really volatile. We must also learn what is the best approach to investing and trading. We should have the right attitude and great game plan for making decisions. We also need to diversify our funds, do not invest in a single currency. Lastly, We need to know how to manage our crypto and fiat as well.

in a very uncertain market situation it's better we save our money first and do not spend coin first. because we have not been able to see market trends that show a stable sign.
it will be easier if we start with a lot of capital because we can spread our investment to many types of coin crypto

[BarbusseH]

It is very difficult to force myself to go to fiat when out of all irons shout about bitcoin for $ 50,000. And "this is a temporary correction."

[Jones chen]

I think a good deal is holding, buying at a low price, selling at a high price

[thrushzodiac8]

My personal strategy for being successful in life is to remain away from btcs and spending time on something creative

[thyroidviral]

Welk said bro. Free from any doubts and is totally correct

[coinfinger]

I think a good deal is holding, buying at a low price, selling at a high price

There are so many things which you need to consider at time when you are there in the world of crypto currencies and are investing your money but the most important thing which you need act upon is never to lose your patience no matter what. You need to stay in control so that you may then be able to make some better earning and that you many not end up making any false decision later.

[teinblek]

Being an entrepreneur is not easy. In addition to having an unyielding mental, an entrepreneur must also have a different thinking than most people. The entrepreneurs mindset is a mindset that makes us sometimes think twice to become entrepreneurs. It takes a determination and a high motivation to become an entrepreneur.
memurur key to my success it
1. Ready to Handle Uncertain Financial Condition.
2. Responsible for Decision Making.
3. Insight Area.
4. Have the Clearest and Most Important Mission and Vision
5. not easily give up.

[ribm4]

The best strategy to be succesful here in btcs is always to make yourself remain updated with tons of current status of btcs

[Riverviwa]

https://bitcointalk.org/index.php?topic=3067748.0

[HeavenIneed]

Always moving wiith plans and avoiding pre conceived notions and discussion of relevant matters on forum are the ways

[ToyotaFortuner]

in my opinion it only takes one to be able to achieve success that you want, the key is "patience" because many people who still difficult trading to control their patience to make them lose some of the assets they have because they can not control his patience.

[Siren]

You have a great views in every matter but i must believe that this is your personal experiences,but one thing got my attention,when you have mentiod about the Bitcoin inhich your using for trading?is that so?on that point i think i wont buy all your stuff here because a experienced trader wont use this coin to be a material for trading because of high price and slow movers in which mostbof the time you cant see any developments for a day that means profit is in danger if we talk about 24 duration..but i respect your prerogative and i was just pointing my own perception.

[shezu007]

There are such a significant number of things which you have to consider at time when you are there in the realm of digital currencies and are contributing your cash yet the most imperative thing which you require follow up on is never to lose your understanding regardless. You have to remain in charge with the goal that you may then have the capacity to improve some gaining and that you numerous not wind up settling on any false choice later.

[Lamalicious]

This is, indeed, the "пolden principles of trading". But there is nothing new in them - they are described in the books about Jessy Livermore and the "Zurich axioms".  I am sure that they also work on the crypto currency market.

[sudnokpok]

This is advice that every new investor to follow and its something that i eventually learned overtime through many mistakes.  Learning not to panic sell and fomo is something that has saved me a lot of money and for every new investor to learn this theyr gonna have to experience a generally big crash followed by a long bear market.  Once thats over, the urge to panic sell will dissipate.

[lushlifing]

For me, you learn best through experience, if you don't want to take risk first since (if) you're a newbie , you can use a trading simulator.

[Mallampue]

I agree with you for you review to be success.
but don't forget about PATIENCE, also this the key and very important to be succesful in your trading.

[PinkFox]

Cryotocurrency is not a traditional asset and it tends to make very big movements up and down in a short time. That's why I believe, that your idea of selling and buying often suites here very well. There is one but - you have to check for movements rather frequently and make decision quickly.

[Putunembah]

I agree with you for you review to be success.
but don't forget about PATIENCE, also this the key and very important to be succesful in your trading.

yes, patience is the key to success, let alone trade, a trader must have sufficient patience, and let alone face the market as it is today, so a trader with no patience will cause the trader to lose, and as a trader should have a good analysis to be able to buy their merchandise, so be patient that I think the key to we success.

[Jorosss]

in my opinion it only takes one to be able to achieve success that you want, the key is "patience" because many people who still difficult trading to control their patience to make them lose some of the assets they have because they can not control his patience.

Well there are many points to be consider that each one of us to be successful. The above lists the four keys to success were also helpful it pointed out that we must understand the risks in this technology, the best and right that no one can gives an accurate predictions in this market. For that patience is I can say is very helpful for us to be successful as a trader.

[Duogembrot]

I think the key to success the ultimate and the most I believe is patience without any patience and without controlling your patience you certainly will not be a successful person without even your patience is more to often take a careless attitude and can harm you.

[Taner]

For me, the key to success was education. You need to read special literature on trading and then you will be able to trade successfully.

[royale143]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Good read mate. This information is helpful not only for newbies, but even for seasoned ones, because many long time users still tend to forger the basics of how this market works that they need reminding through means like this to remember it. I agree with some replies saying that number one is the most important part of this write up. This market is just so unpredictable and can't be seen with "standard" and "constant" eyes, there are so many chances happening in a snap that one who ventures in it should be ready for those movements and changes to guide them in their investment.

[richardsNY]

For me, the key to success was education. You need to read special literature on trading and then you will be able to trade successfully.

While that may help you to understand the very basics of a market and supply and demand, it won't do much overall. If education was the key to successfully become a profitable trader, then most of the traditional market experts and gurus would be successful here as well, but they aren't. I lost count on how many of these traditional market experts and gurus have made themselves look like an utter fool by constantly going wrong with their predictions and statements -- these were also the people back in the days thinking that Bitcoin wouldn't survive after its first, second, third, etc, bubble pop. As long as this market is heavily dominated by speculation, hype, greed, fear, manipulation, impulsive actions, external statements, etc, trading looks more like gambling....

[billbear]

Thank you, my man for sharing. we all should share those strategies we use. I personally try not to make decisions fast and based on emotions... Better lose small, than loose big.

[gabbie2010]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

I absolutely agreed with you on this because there are many trading groups that gives out signals to their paid customers however most of these groups sends conflicting signals that can cause confusion among their traders due to their inability to accurately predict the market, to avoid such a scenario I ensured that I sticked with my strategy without any interference from external sources.

[Jlimao28]

All of your four keys are helpful to guide a newbie in trading like me. Thank you for sharing your thoughts! I will mark it as my educational thoughts in trading here in cryptocurrency. I believe that we cannot trade without these some facts because a trader must have guidelines in order to have a successful trading.
I think also that learning a trader tool to presume the price is helpful way to gain profits. We need to have knowledge dealing with the prediction of cryptocurrency.

[mimienamphine]

Four keys of success hmm quite difficult because success really has a lot to talk about.I personally believe each person has what works for them on their way to success however  there are general rules or as you put it keys that every individual must have.There may be more than four but it depends on how each individual sees the process. Hardwork,dedication,determination and flexibility.Sometimes you need some flexibility of goals to achieve something that was not originally your plan but will give you better success than the one you started with.

[marsmyname]

There are such a significant number of things which you have to consider at time when you are there in the realm of digital currencies and are contributing your cash yet the most imperative thing which you require follow up on is never to lose your understanding regardless. You have to remain in charge with the goal that you may then have the capacity to improve some gaining and that you numerous not wind up settling on any false choice later.

Being a student of MBA, I learnt that environment scanning is the first thing to enter any business because you must know all about the business which you want to start. Investment in Bitcoin and other crypto should be made after complete knowledge. Regular observation of the market is also necessary. Apart from this courage to handle all worse situations are the keys of success.

[Joriecoinbit]

There are such a significant number of things which you have to consider at time when you are there in the realm of digital currencies and are contributing your cash yet the most imperative thing which you require follow up on is never to lose your understanding regardless. You have to remain in charge with the goal that you may then have the capacity to improve some gaining and that you numerous not wind up settling on any false choice later.

Being a student of MBA, I learnt that environment scanning is the first thing to enter any business because you must know all about the business which you want to start. Investment in Bitcoin and other crypto should be made after complete knowledge. Regular observation of the market is also necessary. Apart from this courage to handle all worse situations are the keys of success.

We have different styles and techniques to success, where the one who can decide our strategies in investment method. We all know there's a time that we are in a badluck but through experience ,now we can determine and analyze the situations about the site. So we can now avoid the losses and definitely our money will grow higher.

[SirLancelot]

You have a great views in every matter but i must believe that this is your personal experiences,but one thing got my attention,when you have mentiod about the Bitcoin inhich your using for trading?is that so?on that point i think i wont buy all your stuff here because a experienced trader wont use this coin to be a material for trading because of high price and slow movers in which mostbof the time you cant see any developments for a day that means profit is in danger if we talk about 24 duration..but i respect your prerogative and i was just pointing my own perception.

In my opinion the first key to success is punctuality because if you are not regular you will never succeed. Second is knowledge and experience. Third is NYC, because it is the main thing your business depends on and the forth is quality. Never compromise on quality otherwise you will lose your position in the market. In bitcoin first two are very important

[Leonard2016]

Being a student of MBA, I learnt that environment scanning is the first thing to enter any business because you must know all about the business which you want to start. Investment in Bitcoin and other crypto should be made after complete knowledge. Regular observation of the market is also necessary. Apart from this courage to handle all worse situations are the keys of success.

environment scanning is a good idea , it reminds me fibonacci method of technical analysing , it is based of people mind and a beautiful way , I'm so agree with education , not just in the beginning but also even when you are an advanced trader , education always!

[SyrulRamadhan]

I agree with that. Patience is the key to success in trading patience and hold. panic selling it will only make you lose and stress 

[mudasarali43]

When prices are falling then there is too much tough situation when you have all your funds are in loss because its tough time and to be confident and still wait the market is the good option when prices are falling,

[feverpitch]

This suggestions above is really helpful for newbies, who doesn't have much knowledge in trading world. Most of people will follow that advices, because of your good represenation of information

[XFlowZion]

I admire you because you can let go of your tokens because I always have that feeling that my altcoins has a potential to rise more even it's already pumping more than 2x its price. It's really a lesson learned for me.

[gamalzour]

Being a student of MBA, I learnt that environment scanning is the first thing to enter any business because you must know all about the business which you want to start. Investment in Bitcoin and other crypto should be made after complete knowledge. Regular observation of the market is also necessary. Apart from this courage to handle all worse situations are the keys of success.

environment scanning is a good idea , it reminds me fibonacci method of technical analysing , it is based of people mind and a beautiful way , I'm so agree with education , not just in the beginning but also even when you are an advanced trader , education always!

In the world of the crypto currency, there will be so many things which you will learn with the passage of time and with experience. Still there are certain things which can play a key role in making you earn some very good amount of money while being there in the crypto market like that of having some good amount of technical knowledge and awareness regarding the things as well as keeping your nerves under your control and above all making smart decisions.

[jeepuerit]

For me, four ways to get a successful investment is to first control yourself and emotion, the second one should be able to wait just below the price, thirdly you need to know all the details of the coin you want to invest, four need big investment to grow rapidly.

[feverpitch]

Most social groups, even paid, is part of pump or dump groups. Many of youtuber and ico revievers working for money and tokens, so taking decision based on that is very risky

[filtyfrank251]

Four key to my success: firstly, I study the market on a regular and continuous basis to grab the right business opportunity. Second, I wait patiently when the market fluctuates to make the right decision. Thirdly, I always hone in the knowledge of the cryptocurrency market through websites, ... Fourth, I learn from experienced people who have been involved in the market to help business and investment. My earnings are great.

[dekcutbusu33]

Yes the above advice is helpful for beginners who do not have much knowledge about trading. Most people will follow you because you have represented everything how traders will face everything in their trading journey.This is the advice that every new investor should follow and something you end up learning overtime through many mistakes.
.

[alminium]

Yes this is a very good suggestion for new people to trade. You'll add that, trading is not for everyone. and you must be honest with yourself after losing money if the trade is really yours. because there are many other ways to make money in crypto.If you observe that it does not work then you can revise it a little until the time that will make you become profitable. No one can predict the market but at least you can have money management.

[mrclark]

I agree with some answers that this number up one of the most important part of this writing up. They have some big following and paid groups that they will not rebound at all that they hodl encourage you when they do not want to lose the value of their bag when sinking ships. I lost count of how many of these traditional market experts The success of each person I personally belive has worked for them on their way. After losing money, you must be honest.

[GawirZZ]

many ways to be successful but here are 4 ways of successful tradiing:

1. you must be patient in terms of buying and selling coins
2. you should be able to analyze the coins that will go up
3. You should often monitor the market
4. Do not despair if you fail

[Pilotone]

Thoroughly study your trading system.
Set the purpose of your trading, the main reason why you want to trade
Create a certain mode for the beginning, middle and end of the trading session
The process of evaluating and revising a trading plan is as important as compiling it. It will take weekly, monthly, quarterly and annual analysis.

[Hemady17]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

These are the very basic principles of trading. Follow this four key s and I will guarantee you high percentage of success. I didn’t say 100% because there are no 100% guaranteed wins in trading. Every newbie should read this to enhance their trading capability.

[Cindykhato]

Buy low and sell high is the best strategy in crypto currency. If you follow this your always profitable and don't be greedy.

[goku1525]

Buy low and sell high is the best strategy in crypto currency. If you follow this your always profitable and don't be greedy.

Motivation ,Effort, Positivity and Patience.
This four keys is the pathway to success. As a trader we need to be motivated for the task they given and we must keep on effort like continuing explore the trchnology here in the forum. Negative perceptions of this technology can lead us to unsuccessor so we need to think positivity that bring positive result in trading by having a patience also on the market volatility.

[feverpitch]

Now I've lost about 50% of my total investment portfolio, and my mistake was that I didn't use cut loss strategy. I'd better just hold it, and now I'm changed my strategy to sell by partly coins, when it's trend of going up price

[natsu01]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Thank you for posting here about your trading strategy. I'm pretty sure that there are many newbie traders will learn once they read your statements about the four keys for successful trading.

[Rinzo]

in trading, mistakes are bound to happen and are inevitable so to get successful cryptocurrency trading results, you need to break the bad habits that can lead to financial suicide easily. to get successful, you need to understand the risks and learn to manage the risk. diversify your investment, keep an eye for alternative investment opportunities, plan your exit and entry as regards your risk taking capability, stay updated on the value of the coin, follow the trends at your own risk, you need to understand that you can make a bad call sometimes so, never invest what you are not prepared to lose

[Google+]

the key to success I think has only 1 key, the key to success I mean is that you should be able to control your patience because I see a lot of people who can not control the patience and it is difficult to be successful. I think the key is patience.

[$anounimus$]

I think the key you mentioned is more simple if only do the point number 4 and add patience that you should be able to control, by taking advantage of the moment to buy coin in cheap price and sell when the price goes up it is a very good strategy.

[AshikurRahmanKhan16]

Your observation is damn well. Your every point of view right and accurate. The 4 keys for every new or old trader .That why everyone agrees that experience can talk! Trading is being very popular day by day through the world. A few days ago in our country, there were only a few people who can trade. But recently almost every freelancer is joining in trade and crypto. Upwork, Fiverr are not good anymore to make money. So, trading will have more competition and more hard. That's why we should follow this 4 keys and need to patients.

[Phuongph1985]

Thanks for your wonderful share of experience

[chiko27]

I think the key to success in trading we must require experience and patience in determining trade. by leveraging the moment to buy coins at a cheap price and selling when the price goes up it is a very good strategy.

[feverpitch]

There are exists many lessons that traders should add here, if they wanted to be succesful. The mistakes that traders make on start is usually the same to all people

[samcrypto]

There are exists many lessons that traders should add here, if they wanted to be succesful. The mistakes that traders make on start is usually the same to all people

Mistake is very healthy only if you treat this thing as other tool for you to learn. We all experience to lose money while trading, and to become successful you must focus on your goal instead of looking for good coin. You cannot have all that coins, so you better to choose where to invest and make sure you know how to be more patient and you will succeed on that.

[readygoaw]

I agree with that. Patience is the key to success in trading patience and hold. panic selling it will only make you lose and stress 

It seems something extremely difficult to the newbie - I mean this patience. The beginners really make mistakes when they do not think over their plans about crypto beforehand.

[ckorbba]

I agree with that. Patience is the key to success in trading patience and hold. panic selling it will only make you lose and stress 

It seems something extremely difficult to the newbie - I mean this patience. The beginners really make mistakes when they do not think over their plans about crypto beforehand.

most newcomers have already seen the opportunity to earn huge sums of money and believes that this trade will be very easy on the trade with the crypto currency. this is a deceptive influence on a person's consciousness. In any case, you need to learn a lot and learn a lot of information so that together with practical exercises you can develop professionalism and experience in trade.

[Lagrood]

Everything sounds good but market is not so simple although you rules are correct. In addition to your rules I would add an emotion control which is very important. Also it should not use loan money. Also as far as I know to be an investor is better because trading is usuallly the way to lose money on long run.

[anthonydav]

I agree with that. Patience is the key to success in trading patience and hold. panic selling it will only make you lose and stress 

It seems something extremely difficult to the newbie - I mean this patience. The beginners really make mistakes when they do not think over their plans about crypto beforehand.

What plans?
In crypto everything is so unpredictable.

[Nonie]

for me panic number 1 do not easily panic with the market situation. controlling panic is a big factor of success for investors or daily trades when price down are advised to hold do not panic and also add to the science of analysis candle is needed here to make no mistake in buying and selling

[mkhadazz]

I think the key to success I can conclude is that you only need 1 key, the key I mean is the key to being able to control your patience because if you can not be patient it may be difficult to make a profit.

[anntlevel]

Now I've lost about 50% of my total investment portfolio, and my mistake was that I didn't use cut loss strategy. I'd better just hold it, and now I'm changed my strategy to sell by partly coins, when it's trend of going up price

Sorry to hear about your loss. You should have held your coins when the market was red. I know it feels bad when you loose half of the money but you are left with the half right? You still have the chance to move forward in the crypto race by making the best move you missed last time and by holding the coins in times of recession. Once you start earning again, you will be able to go huge and optimistic in the market.

[Gragal]

the four keys to success in my opinion is to be patient, keep learning, do not listen to the words of people who are negative about ourselves and also must have a good friend, it is the key people who will succeed, my opinion so.

[Panunggalan]

the four keys to success have to work together with others, if we work with others automatically we will all exchange ideas and we will all find the key of the answers that have been solved together.

[anthonydav]

the four keys to success have to work together with others, if we work with others automatically we will all exchange ideas and we will all find the key of the answers that have been solved together.

And you'll split the rewards that should also make you happy.

[dimonstration]

I think the key to success I can conclude is that you only need 1 key, the key I mean is the key to being able to control your patience because if you can not be patient it may be difficult to make a profit.

In any aspect when you have to learn your patience that for no matter what may happen you have to able controlling your emotion this is really good to have for.

[artjomgorelov]

In order to understand whether your strategy is good or not, we need to see your trading statistics.

[andohyeb]

I like that part that says protect your interest first. When coins are going down, those who are dumping are the people that will be enticing you in social media that it is going to be alright so hold. Never sink with the ship when there is a boat for you to escape. That is my trading philosophy.

[Virtual miner]

Your observation is damn well. Your every point of view right and accurate. The 4 keys for every new or old trader .That why everyone agrees that experience can talk! Trading is being very popular day by day through the world. A few days ago in our country, there were only a few people who can trade. But recently almost every freelancer is joining in trade and crypto. Upwork, Fiverr are not good anymore to make money. So, trading will have more competition and more hard. That's why we should follow this 4 keys and need to patients.

According to my trading experience, keys to success in trading are:

•   Have a reason before entering each trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards. The whales are just waiting patiently for innocent little fish like us to make mistakes.
•   Target and stop when starting a trade: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses.
•   Meet FOMO (fear of missing out): That bold green candle yells at you “you are the only one not holding me”. But bear in mind that the whales (as mentioned above) are just waiting for small buyers on the way up to sell them the coins they bought in cheaper prices.
•   Risk Management: Manage risk wisely across your portfolio. For example, you should never invest more than small percentage of your portfolio in a non-liquid market.

[nightways]

Now I've lost about 50% of my total investment portfolio, and my mistake was that I didn't use cut loss strategy. I'd better just hold it, and now I'm changed my strategy to sell by partly coins, when it's trend of going up price

Sorry to hear about your loss. You should have held your coins when the market was red. I know it feels bad when you loose half of the money but you are left with the half right? You still have the chance to move forward in the crypto race by making the best move you missed last time and by holding the coins in times of recession. Once you start earning again, you will be able to go huge and optimistic in the market.

Look, this is the worst mistake you ever have done in your life I must say. I don’t know you and I don’t know your life but I am sure when you got entry in bitcoins world, didn’t you just know what you are going to do and how you would be making better results by knowing basic rules of trading. I am sure you haven’t done this thing, and that’s why you are now just regretting over your loss.

[Bitcotalk]

the four keys to success in my opinion is to be patient, keep learning, do not listen to the words of people who are negative about ourselves and also must have a good friend, it is the key people who will succeed, my opinion so.

If you are talking about the keys to success in the world of the crypto currency, then those things are to gain as much information as you can regarding all the possible things, investing your money at the right time, making the right decision at the right time by keeping all the necessary things in your mind and above all, keeping your nerves under your control at tough times to avoid any unwanted situation.

[hoavantathan]

my strategy are:
1. do bounty campain then sell bounty coins
2. if i buy coins, i'll analyse the market.
3. read news every day to make good decisions

[staradvincula]

Oh yes, it should always have to be on our opinion. We will learn and grow in this field with our personal thought. I believe in having a guide as what you have mentioned " Keys of Success". It guides and helps us not to get mislead by the wrong perceptions. I also have my own version of what I have learned from trading. 1st thing for me is discipline. Having this with us, we can be able to control ourselves until when to hold or is it about time to let go of it. 2nd, believe in yourself. Do not always believe to anyone who's telling predictions or where the market will go. We have our own mind and thoughts, listen more to your instincts. 3rd, make your own research. Study the market chart flow for you to recognize when is the right time to conduct trading. 4th, patience.in its downtrend period, try hard to hold as long as you can because at the end of the day, it will go nowhere but uptrend will soon come your way. Exercise to hold as if you were holding nothing.

[KorakPawon]

the most important of all is Do not panic and do not open the order without a fixed calculation in the state of about and planned the main goal of each trader is to make profits and increase wealth by utilizing the price movement that's why we will get masksimal results.

[nguli]

I think the key to success you can apply is that you should be able to manage your patience and you should also be able to control your emotions do not be easily influenced by other people's talk and bad news.

[korong ajem]

You are right, I agree with your opinion, what I learned from trading is a patience, not even on trading, in doing all the things we need just a little patience

[Rodeo02]

the four keys to success in my opinion is to be patient, keep learning, do not listen to the words of people who are negative about ourselves and also must have a good friend, it is the key people who will succeed, my opinion so.

If you are talking about the keys to success in the world of the crypto currency, then those things are to gain as much information as you can regarding all the possible things, investing your money at the right time, making the right decision at the right time by keeping all the necessary things in your mind and above all, keeping your nerves under your control at tough times to avoid any unwanted situation.

Focus on what that you need to take on cause every moment may have to change for but you just need to be patient and for what you have to be success is based also on what you have been experience for.

[ModGirl]

I think the key to success you can apply is that you should be able to manage your patience and you should also be able to control your emotions do not be easily influenced by other people's talk and bad news.

Yes patience is the most important feature about profit trough crypto currency,  you will face a lot of situations like pump and dumps but have patience and don’t make sudden  decision, there are a lot of kind ways to make profit, choose the one you will feel easy and relax about, let haters say what they want to say but don’t listen to them just fix your aim and focus on it you will be succeed.

[dunfida]

the four keys to success in my opinion is to be patient, keep learning, do not listen to the words of people who are negative about ourselves and also must have a good friend, it is the key people who will succeed, my opinion so.

If you are talking about the keys to success in the world of the crypto currency, then those things are to gain as much information as you can regarding all the possible things, investing your money at the right time, making the right decision at the right time by keeping all the necessary things in your mind and above all, keeping your nerves under your control at tough times to avoid any unwanted situation.

Focus on what that you need to take on cause every moment may have to change for but you just need to be patient and for what you have to be success is based also on what you have been experience for.

With this very volatile market, making such action depending on the situation would always be a good thing to consider for us to sustain profitability.It might not be precise anytime but atleasy we do tried it out. Success is depending on how you deal with such thing specially on cryptocurrency which we know this is very a speculated market.If you dont have such charateristic specially patience then this investment wont really suites you in.

[ondabeat]

I agree with you, some paid groups give a signal but the main purpose of trading not only gain profit but also learn the craft in the trade. I experienced Fomo too, this is not new for many traders out there, but the time will come you will learn from mistakes.

[Ejanend]

the four keys to success in my opinion is to be patient, keep learning, do not listen to the words of people who are negative about ourselves and also must have a good friend, it is the key people who will succeed, my opinion so.

If you are talking about the keys to success in the world of the crypto currency, then those things are to gain as much information as you can regarding all the possible things, investing your money at the right time, making the right decision at the right time by keeping all the necessary things in your mind and above all, keeping your nerves under your control at tough times to avoid any unwanted situation.

Focus on what that you need to take on cause every moment may have to change for but you just need to be patient and for what you have to be success is based also on what you have been experience for.

That was a wow advice.  As far as a person will have his dream in mind and the very ambition of his life, small changes in market or some losses won’t deviate his path. A trader needs to be strong. He should not give up on his goal. Moreover, it is never like the time remains same. This is a basic law of nature. Everything has to change, even time. If today is a bad day, tomorrow can bring an unexpected happiness.

[Osarman]

the most important of all is Do not panic and do not open the order without a fixed calculation in the state of about and planned the main goal of each trader is to make profits and increase wealth by utilizing the price movement that's why we will get masksimal results.

Rather I will go for don’t be panic. This one trait can either make your financial life or just destroy that. Both aspects are there in this one aspect and now it is just me and you who you would be deciding to go for which one. We need to see the first aspect because that can help to make fantastic results at the end of day. Don’t be panic and make that an integral part of your mindset.

[kiloiko]

my strategy are:
1. do bounty campain then sell bounty coins
2. if i buy coins, i'll analyse the market.
3. read news every day to make good decisions

If you don’t have enough of the funds to go for investing in any of the crypto coin, then it is better to participate in any of the bounty campaign in the beginning and then put in your best to make some good earning and then use your knowledge and those tokens to gather more money by doing the right thing at the right time. you must keep your nerves under your control for better results.

[Lock00Live]

The four keys to my success are always cultivating knowledge about the cryptocurrency market in all aspects or wherever I am talking about the market I am interested in. Secondly, it is patience virtue that helps me out. The right decisions about the market. Third, I choose the potential projects and have the opportunity to earn great profits. And finally, I always put my trust in the development of the market and join them now and in the future.

[Tamilson]

i agree with no 1 but just dont close your ears because you dont want to hear them. remember this people are talking with dignity ang knowledge of the subject matter. you may  not agree with their thoughts but i least you get something from them and use it to your advantage. at the end of the day its you to decide not them.

Yes and just take it as your guide but don't get yourself to the point that you'll depend all your trading moves. Honestly, I'm reading some statements of influencial people and somehow they actually help the market though all their statements are all speculations and nothing's certain. Yes it's still the best to do our research and follow what we think is best.

[super5star]

Oh yes, it should always have to be on our opinion. We will learn and grow in this field with our personal thought. I believe in having a guide as what you have mentioned " Keys of Success". It guides and helps us not to get mislead by the wrong perceptions. I also have my own version of what I have learned from trading. 1st thing for me is discipline. Having this with us, we can be able to control ourselves until when to hold or is it about time to let go of it. 2nd, believe in yourself. Do not always believe to anyone who's telling predictions or where the market will go. We have our own mind and thoughts, listen more to your instincts. 3rd, make your own research. Study the market chart flow for you to recognize when is the right time to conduct trading. 4th, patience.in its downtrend period, try hard to hold as long as you can because at the end of the day, it will go nowhere but uptrend will soon come your way. Exercise to hold as if you were holding nothing.

Buy the coin in a low market and right after that keep the coins for long term means hold the coins so that you will not face with any loss of trouble. Wait for a better and a favorable market where the value of products or currencies in case of crypto market is high. Now sell the coins and get the profit if you are a strategic person then you will keep some amount of coins with your self for a test.

[logicgate]

I agree with you, some paid groups give a signal but the main purpose of trading not only gain profit but also learn the craft in the trade. I experienced Fomo too, this is not new for many traders out there, but the time will come you will learn from mistakes.

   What I have been able to understand so far is the presence of perfect knowledge and perfect information that keeps you safe and successful in the market. This perfect information comes with research and study about the market and about the technology. You can also follow some good experts and also keep an eye in the market to see the demand for which coin is high and which coin has stable prices. This is only possible to understand in the presence of good understanding.

[semutracing]

Trade strategies provide opportunities to increase the likelihood of successful transactions, willing to give the merchant the ability to manage risk and profit relationships. Most trading strategies are based on data derived from indicators of technical analysis or fundamental analysis of systematic interpretation. A professional approach to making trading decisions on financial markets based on trading strategies that can help determine when to open and close positions.

[belalangsembah]

For me, you learn best through experience, if you don't want to take risk first since (if) you're a newbie , you can use a trading simulator.

it will be easier if we start with a lot of capital because we can spread our investment to many types of coin crypto and in a very uncertain market situation, we better save our money first and do not spend coins first. because we have not been able to see market trends that show a stable sign

[JiuMiBe]

For me, you learn best through experience, if you don't want to take risk first since (if) you're a newbie , you can use a trading simulator.

it will be easier if we start with a lot of capital because we can spread our investment to many types of coin crypto and in a very uncertain market situation, we better save our money first and do not spend coins first. because we have not been able to see market trends that show a stable sign

I do not think this is good. When you invest in many coin altcoin, you must monitor and analyze the price of many coins. This scatters your monitoring and analysis. So I see not good.

[trupero_uno]

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

Your trading rule and strategy is very simple my friend but powerful. Trend is friend, this is the most rule to be followed. Your strategy to protect your money first instead of looking the big profit is very beneficial.

[cryptolidus]

I could agree with almost everything writtenas following the same principles. Nice summary of personal experience. I would stress out the importance of  having a trading plan and sticking to it to save Your investment even if it is not on  perfect entry or exit point. So discipline in execution is crucial in successful trading.

[TheGreatPython]

I could agree with almost everything writtenas following the same principles. Nice summary of personal experience. I would stress out the importance of  having a trading plan and sticking to it to save Your investment even if it is not on  perfect entry or exit point. So discipline in execution is crucial in successful trading.

You are going to make living in some other country, but you don’t know how to go and what to do. What would be the first thing when you learn something about country and the ways and transport and other stuff? Definitely it would be planning. How you would be going in there and to meet which person and to go which hostel or hotel? Likewise you need to work and plan in trading.

[newwest]

I could agree with almost everything writtenas following the same principles. Nice summary of personal experience. I would stress out the importance of  having a trading plan and sticking to it to save Your investment even if it is not on  perfect entry or exit point. So discipline in execution is crucial in successful trading.

Discipline in life is going to help you every where irrespective be it trading or investing. Just ensure you do follow the certain principle and stick to it and do not get too much greedy which could lead to the downfall and this spoils everything .

[mabell943]

For me the four key to success are patience, good communication,
can build good relationship to others and business minded that four characteristics can lead you in the state of success in this business.

[uszaty43]

The market is unpredictable, and that is all what the newbies need to understand before starting to trade, because by this way, they will lose a lot of money if they do not follow those tips

[ngocdhbk2]

You are a wise business who keep Bitcoin in a situation no buy the bottom, but buy it when going up. So safe for your pocket just catch up the market trading.

[Daniel9140]

This is definitely a wise way to trade in this volatile market. You must have to make up your mind and set yourself targets that you want to achieve. If market is going up, you should set targets to sell off even if the price is doubling every week. Dont be greedy in this trade. Some people would tell you to HODL but you need to know what you are holding.

Great article. It was indeed helpful

[MiXxe]

Very well said. I believed this helped a lot to many neawbies and some who,until now, haven't got the right strategy to become successful with the cryptocurrency.
Just to add, people are bound to sudden change of emotions. And this is what destroys as. We should learn how to control our emotions because this is what makes the market.

[jmaresca]

With those paid signal programs you are basically paying for someone else to do the work. They are, if legit, know how to read charts and performing the analysis that’s what you pay for.

[crzy]

For me the four key to success are patience, good communication,
can build good relationship to others and business minded that four characteristics can lead you in the state of success in this business.

In business yes but it trading, I think you should trust yourself only and don’t listen to any hype people. Patience should always be there, a lot of ways to become more successful but you must be committed on that. And know at your own the real meaning of success.

[metribitcoin]

I learned much from my mistake in trading, that my mistake is use all my fiat to buy the coin at the sametimes, and i did not use stop loss to cut the loss from wrong prediction. And also i always not patient when entry to get best price. Experience is best way to make greater strategy and hopely i can make profit in consistent later.

[MackenzieDenham]

I'm a newbie in trading and I have read many information about it. But now I have'n started it because I don't have experience in this job and I find it is difficult to do it. Thank your post, it is very useful.

[MERNDAnda]

1. Desire
The desire to have goals and initiate change for the better. Desire is the first step towards success because of the desire to make people move to do something.

2. Willingness
Willingness to realize the desired goals and willingness to make changes for the better. A strong will opens the doors of success. Like the English proverb, "There is a will there is a way" which means where there is a will there is a way.

3. Openness
Self-disclosure to try new things. Openness to get to know new people, new environments and new activities. Openness is very important, without any openness will make man permanent and not advanced because it does not take new opportunities in sight.

4. Keistiqomahan
Keistiqomaahan to continue doing these 3 things is the most important key to success. Without keistiqomahan then everything will not mean anything.

[bubble pop]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

I gained much from my error in exchanging, that my misstep is utilize all my fiat to purchase the coin at the sametimes, and I didn't utilize stop misfortune to cut the misfortune from wrong forecast. And furthermore I generally not tolerant when passage to get best cost. Experience is most ideal approach to influence more prominent methodology and hopely I to can make benefit in reliable later.

[hacekd]

I can share my simple idea about trading strategy. First is to know the current situation in the market. If it is low price the you need to hold it so that you will not regret to lose. If the price is high then it is the time to sell to earn a big profit.

Prepare some funds you do not use or funds that if the capital is lost you will not mind. But that does not mean in this Crypto Trading you will experience defeat, but it would be better we always prepare security so as not to disrupt the finances in the household.

[ngacengan]

in my opinion you do not have to use those 4 keys, you just have to have one key and you can be very successful, the key I mean is you have to control your patience and I guarantee you can be successful if you can control it.

[Giratina]

For me the first key is patience in handling this kind of business next critical thinking in analyzing,
next good communication to build good relationship too and last adaptability.

[Edraket31]

For me the first key is patience in handling this kind of business next critical thinking in analyzing,
next good communication to build good relationship too and last adaptability.

Even if we have the patience if we do have lack of knowledge then still nothing will happen that is why we need all of those thing, perseverance, determination, knowledge and patience in everything that we are doing, so that in everything we will become successful, we just need to keep an eye and focus with our goals.

[coffigayo]

I think I learned how to trade, patience, seek or read legit Ico but also we have money to invest here. The key to success is education. We need to read the specialized literature on trade and then we will be able to trade well and lead to success.

[itscomplicated]

In my experience in crypto market, I gave up day trading
I admit analyzing deeply the market is not my forte, so
I switched to scalping.

[Wong owah]

the four keys to success are LEARNING, WAITING, TRYING, DON'T BE SHY IN WORK, it is the 4 keys to success for me, I also want to succeed in work, then follow my opinion.

[bitcoinerjawa]

yes you are right the success key that you mentioned here seems to make new traders become inspired but for me personally prefer to have an attitude to control the patience that I have.

[Virtual miner]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

Those are very good points. I myself have learned few things. I can mention the two of them which I thing are the important ones. We all have the greed to earn more. Therefore I invested a great amount in the market so that my profits would be bigger. But the prices fell and is lost huge amount. So never invest more than what you cannot afford to lose. The second is that we should try to be satisfies with our personal gains and stop comparing our profits with others because this can really cause huge losses.

[Marlo0619]

Four keys to success. I will give you these tips and I think it will help you to become successful especially when it come to using cryptocurrencies like bitcoin. The first thing is that, keep on posting. I know its tiring but if you want to have an income, then you must do it. Everyday you must post atleast one post. Next is join a campaign always. So that you will have income after that. Third is have patience always. Do rush everything. And the last is, you need a quality post to have merits.

[antran123]

Yes, I think we must have enough patience to invest in this year's encryption market. Otherwise we will lose a lot. Now the price of cryptocurrency has fallen very badly. If we don't have much patience, then we will lose more.

[ronsaldo]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

This is a great statement of yours man, this topic can be very useful to newbie traders who want to be successful in their life as a trader of cryptocurrencies. Most of beginners don't know how to trade well because they are lacking of experience, once they read and understand these statements , I hope that this tips will their basis for their steps on trading.

[freaksee24]

I have learned some valuable lessons from trading that I would like to share.  These are my personal thoughts and not trading or financial advice.

1.  I learned that no one can accurately and consistently predict the market.  There are many gurus out there, giving out predictions like candy.  Some have large followings and paid groups.  It gives people a sense of comfort to seek advice and predictions from these people.  But in the end, it's important to remember that no one knows what is going to happen.  

2.  I have learned that protecting my money is the number one priority.  Many people develop a sense of attachment to certain tokens.  They will lock them away in cold storage, and HODL no matter what happens.  But remember that even the most solid tokens will bleed heavily during a massive market correction.  Many people with "strong hands" HODL all the way to the bottom, where they eventually sell and get REKT.  Remember that not everything will rebound.  In the real world, 9 out of 10 traditional new businesses will fail within 5 years.  Why would crypto, which is based upon brand new technology, be any different?  This is why I believe in setting stop losses.  Even if the token bounces after I sell, at least I have protected my earnings and I can continue to trade another day.

3.  The trend is my friend.  When Bitcoin starts trading at lower highs and lower lows, that is the sign of a possible bear market.  At that point, I convert back into fiat and wait.  I don't try to catch falling knives, which means buy crypto as prices are falling.   I patiently wait until the market hits the bottom.  But how do I know what the bottom is?  I don't.  I wait for Bitcoin to show a reversal and solid uptrend, higher highs and higher lows, building solid support levels before I start to invest again. When I start investing, I carefully dollar cost average in.  

4.  By selling during a downtrend and buying during an uptrend, I make consistent profits.  I don't have to know where the tops and bottoms are.  And even if I make a mistake and sell my crypto too early, only to watch them rebound and moon, I have still protected my money.  Then I get back on the train and continue the ride upward.  I may suffer a little FOMO, but nothing is really lost.  

That's my personal strategy.  It's important to remember that everyone on crypto Twitter is looking out for their own investments.  They will encourage you to HODL when the ship is sinking because they don't want their bags to lose value.  But I always look out for myself first, and never get attached to tokens.

Again, this is my personal strategy and not trading advice.  What have you learned from trading?

These are all true points, but it all comes naturally after you gain some expirence.