Four Keys to Success

[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.