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Author Topic: Follows these rules to be a successful trader  (Read 999 times)
danherbias07
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May 15, 2018, 03:44:39 AM
 #61

#Dont fall in love with one coin.
That is one hell of a correct rule if you are trading.
But when it comes to investing, there will be a lot of love to the coin. Hodling will be the best answer of all. Dump or pump you stay in the game.

Trading got a lot of unknown things that can happen anytime. Better do some great decision.

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May 15, 2018, 02:25:03 PM
 #62

yes indeed we have to like tu to be a good trader for our level quickly rise and get bigger profit.
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May 15, 2018, 02:55:45 PM
 #63

#Sell when you feel good.
I am not saying that this is wrong, you may have a good reason why you say "Sell when you feel good" however remember that in trading, your emotions are your worst enemy. Anything that you do, Buy, Sell or Hold should be backed by a study, there should be a reason behind it and not just because "you feel good".
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May 15, 2018, 04:52:03 PM
 #64

CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .


I agree with you but I think striving for better goal is the best. We must always expect the best and we must not just stick on what what we just feel good about. Also , being a good trader could still be develop into a better trader if we'll have all the positive characteristics.
darewaller
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May 15, 2018, 05:09:45 PM
 #65

these rules are all true, i believed in that, its the same thing that i read before in some books that i searched, and its really amazing when we do it, sometimes, its easy to say i will never panic, whatever things happen, but when those things happens, it is very hard to do, so for me, i always want to do it, to follow these rules and it is necessary to achieved my goals to make some good profit..   Grin
They are pretty good rules and not just rules but something to understand first before even embarking on the trading journey which I believe a lot of people always find hard to understand or just simply do not sort out to understand.

However, for the patience, I want to believe that depends on your style of trading as you really do not want to be patient in a day or short term trading when you want to be stopping loss. Personally, I believe the only time that is applicable is for long term trading after buying at the dip.



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May 15, 2018, 06:39:46 PM
 #66

To be a successful trader, we all have the right to follow these rules. Patience is the key to success in business. Be honest, because honesty business capital. When the price of the currency is down, be patient without selling and try to buy if there is a capital. Sell ​​its price when it is pumped in the market and do not worry when the price drops, and believe that the price will increase soon. Take your own decision and keep your wallet safe and do not share your password with anyone.
coinplus
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May 16, 2018, 01:22:15 PM
 #67

This is nice and a great idea for everyone trader have a big help to them and also for me. For those who are trader or make a successful trader make it follow this rules and surely we make earning and successfully a trader but one mote thing a trader is not easy as the one of rule was patient and additional always take a risk to know on what or how to happen.
Yeah, it is very nice and a pretty good list for any newbie trader to be taking note of.
However, there is one rule that the OP did not add which is the importance to learn and always keep learning as much as they can because this is simply one that any new trader will not want to miss. it is one thing to take all those list into consideration, but it is another thing to even know what to do in the first place which I believe so many people do not always take into consideration until they are way deep in losses.
Bianxee
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May 16, 2018, 01:32:52 PM
 #68

CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .
It is much better to take the risk of exploring and experiencing to lose to make a better learnings for yourself although your guidelines is good and very helpful to those who doesn't know  what to do in that areas of situations. Anyone can beat you but you can take advantage by using your own skills.

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BitHodler
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May 16, 2018, 01:53:57 PM
 #69

However, for the patience, I want to believe that depends on your style of trading as you really do not want to be patient in a day or short term trading when you want to be stopping loss. Personally, I believe the only time that is applicable is for long term trading after buying at the dip.
Patience applies to all sorts of investment/trading durations. Patience isn't something that by definition means you are waiting a long time (e.g months) to liquidate your position in the market.

Patience can also be you waiting a few more hours instead of liquidating your position within your usual 5-10 minute trading range. It's all personal and fitting within your own way of trading.

In the same way that patience can be a good thing, it can also turn out to be working against you. It all comes down to how you recalculate the market based on each trend or sentiment adjustment. Everything in here changes quickly.

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May 16, 2018, 02:07:08 PM
 #70

These are very helpful to the one who is starting the trading. How will we know that the coin is a dead coin? I do have some coins which are very cheap, and the price is not increasing because of the low volume trading. but the project is good and the product is live, The team is working on the partnerships. In this case, is it still a dead coin? Looking forward for your response.

Best Dreams
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May 16, 2018, 08:31:02 PM
 #71

This is nice and a great idea for everyone trader have a big help to them and also for me. For those who are trader or make a successful trader make it follow this rules and surely we make earning and successfully a trader but one mote thing a trader is not easy as the one of rule was patient and additional always take a risk to know on what or how to happen.
Yeah, it is very nice and a pretty good list for any newbie trader to be taking note of.
However, there is one rule that the OP did not add which is the importance to learn and always keep learning as much as they can because this is simply one that any new trader will not want to miss. it is one thing to take all those list into consideration, but it is another thing to even know what to do in the first place which I believe so many people do not always take into consideration until they are way deep in losses.
Yes it is really informative things has been share by them, it is good to know specially for them who are new and don’t know how the bitcoin market use to move, those who will keep on following these rules will rule over the world and no one will be able to beat him in trading, these are golden rules to become a good trader but over confidence is not good at all so keep on following these rules but even then be very careful.
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May 16, 2018, 08:47:21 PM
 #72

#Dont fall in love with one coin.
That is one hell of a correct rule if you are trading.
But when it comes to investing, there will be a lot of love to the coin. Hodling will be the best answer of all. Dump or pump you stay in the game.

Trading got a lot of unknown things that can happen anytime. Better do some great decision.

I just wanted to write the same words. It is not wise to be a fan of one single altcoin. Never concentrate on it. I am trying to trade at least 15 different cryptocurrencies and I can say it is more profitable.
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May 18, 2018, 09:20:52 AM
 #73

Crap, who wrote those rules? a teenager of less than 15 years old? Came on, we all know how bussiness works in here, and if you do not know how to trade, just buy a bot to do the work for you.

Yes, a successful trader thinks like this and rules should be the same as we have learned and heard others means experts. On collaboration with experts you can trade on a big scale and can reach at that place to trade on a big scale. This will result in huge profit per trading process and of continue this process then it will make you expert and a successful trader that guide others in future.
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May 18, 2018, 09:42:54 AM
 #74

Each trade knows the terms given by you, it's different for new ones. I will tell the newcomers, each term has positive and negative side.
Quote
#Patience is the key to success in trading

If there is no market knowledge then there will be nothing in life.
Quote
#Never be panic ,never sell in loss if coin is already dump
No one knows when the coin will pump, how much the pump will be.
Quote
#Always wait for right time to buy.
There is nothing to say about bad time. Someone's passover, somebody's catastrophe.
Quote
#Trade at your own risk.
This is the only trading rules.
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May 18, 2018, 10:42:58 AM
 #75

Yeah off course and very much important is that you shouldn't be very greedy about the trade that you have initiated as it can end you up in vain. Many times people do follow all the points that yo have mentioned here, they do get huge profits in the long run of trading but at the final time they make one big mistake and thats waiting beyond the threshold of the coin and thus it may break down finally and people loose profits as well as that very break even point which they should take as safe line for themselves. Anyway, its really emotional decision that they make which they shouldn't be making.
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May 18, 2018, 11:03:09 AM
 #76

Trading is very difficult. Emotional control is the most difficult thing in trading. When the price going down, most people are selling their coins to get higher price order on market. Trading is simple but it always hard. When i say simple, the options only 2 options that was buy and sell. And it just about selling and buying. Try to control those two words with your personality.
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May 18, 2018, 11:47:45 AM
 #77

Crap, who wrote those rules? a teenager of less than 15 years old? Came on, we all know how bussiness works in here, and if you do not know how to trade, just buy a bot to do the work for you.

What is the bot we should to buy for trading? If really exists some bot that can me give profit from trading without me doing anything, please give a link or something.
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May 18, 2018, 12:28:12 PM
 #78

Yeah off course and very much important is that you shouldn't be very greedy about the trade that you have initiated as it can end you up in vain. Many times people do follow all the points that yo have mentioned here, they do get huge profits in the long run of trading but at the final time they make one big mistake and thats waiting beyond the threshold of the coin and thus it may break down finally and people loose profits as well as that very break even point which they should take as safe line for themselves. Anyway, its really emotional decision that they make which they shouldn't be making.
The points you mentioned are really a good tips on how to do trading, the best tips I ever heard and the bottom line is patients and limitations you should set limits and be ready to any eventualities it is either positive and negative, and lastly follow your instinct.

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May 18, 2018, 01:03:27 PM
 #79

yes indeed we have to like tu to be a good trader for our level quickly rise and get bigger profit.

Never be in a panic, and do not ever sell the altcoins and Bitcoins when you feel you are very nervous. In this case, you will simply make the wrong steps.
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May 18, 2018, 01:48:30 PM
 #80

CRYPTOCURRENCY BEST RULES. ALWAYS FOLLOW THESE.

#Patience is the key to success in trading

#Never be panic ,never sell in loss if coin is already dump

#Always wait for right time to buy.

#Sell when you feel good.

#Don't fall in love with one coin.

#Don't worry and cry if market will be sudden dump due to bad news.

#Don't enter in the peak value of coin if you have no idea about the achieved target.

#Don't forget stop-loss on support if coin has multiple supports.

#Don't invest in dead coin.

#Trade at your own risk.

#And last dont regret if you sell a coin and coin goes up afterwards ,profit is always profit ,because in both situation you will regret if coin goes down you will say why i didnt sell and if coin goes up you will  say shit ,why i need wait I sell in low price but the thing is profit is always better ,profit is profit ,always set what percentage you want from the particular coin and sell it .Never regret next trade is waiting for you.


IF YOU FOLLOW THESE RULES NO ONE CAN BEAT YOU IN TRADING .

You forgot the most important thing, "Do Your Own Research". Before you start trading, make sure that you are prepared mentally and emotionally. You should be properly equipped with the knowledge of how the market goes and what to do when something happens. I always say that invest on your self first before you invest into something.
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