Short term traders should read this

[ahmedbrown]

This is an advise cryptocurrencies traders especially short term traders.  Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

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[xuan87]

It's a great advice, before entering the short term tarde you need to have the basic, if you don't really understand just aim for long term trading with a strong coin BTC or eth, the cutloss percentage for each coin is different, so do the research properly, and don't become panic if your trading analysis is not correct, don't do panic sell or spread any fud, follow some trading group to get some references

[Arwinkim]

This is a really good strategy because it sounds very conservative. The only problem here, newbie like me usually don't know what coins to buy. Should I buy coin only at top 25 in coinmarketcap or something else?

[Golftech]

Thanks for sharing, useful indeed in order to survive with short term trade, learning those basic and creating good plans will make us our investment to grow, traders needs to understand that planning will work even in the short span of time, diversion and splitting your money is also a good thing to do avoiding bigger loses and being trapped if assessment goes wrong.

[Don Pedro Dinero]

Although I am not a trader, they seem to me reasonable points. Have you had positive results for mid or long-term?

[Awesomus Maximus]

(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

I tend to have only one favourite coin (bitcoin) which I hold and where I put the majority of my funds. I trade from time to time just for fun and small sums only. But if you are a day trader, I get it, you have to diversify. Even then trading 8 coins at the same time must be hard.

[peter0425]

This is an advise cryptocurrencies traders especially short term traders.  Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

I'd say this is really a good tip indeed. For most traders, your (B) options is the most important as far as I know. If traders don't exit in time and still thinks that they can still make profits, however, for unseen reasons the market suddenly shifts, I'm sure that you will hear them regretting their decision not exiting in time because they suffer losses. Also if I may one, if you have exit strategy, you might as well have entry strategy as well. Wait for the price to bottom before entering the market.

[davis196]

This post belongs to the "Trading discussion" forum board.I don`t have the mentality to conduct day trading.
Every time the altcoin and token prices go down I just freak out.
It`s a good list anyway.It would be helpful for the newbies.

[Scripture]

When investing, even if its short term or long term,  you should forget the one who makes everyone lose, the greedyness. The more you want to have money,  the more you regret it later on. Short term is most probably short earned so dont lose temper and be patient.

[BitHodler]

It's actually just common sense.

I however don't like diversifying crypto assets since that only works against you in case things doesn't go to plan. People quite often think it's a must, but I don't see it like that and never done so.

You have to deal with all variables applying to different coins, because different coins means different markets and different background developments. Altcoins aren't fundamentally stable or well developed, so it's a risk.

Just having Bitcoin means less stress, less potentially negative variables, less severe corrections (they go up hard but also come down hard), and so forth. Chasing high returns has never been an option for me.

[nydiacaskey01]

This is an advise cryptocurrencies traders especially short term traders.  Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

I agree with what you posted and that should be every traders mantra when trading specially letter B. Always plan your exit and stick to it. This is one reason why short term traders shifts to long term traders because even when they already hit their target and they felt that market is still bullish and might gain more profit, they still hold until they get a surprise of their life when everyone starts to dump.

[bozo333]

This is an advise cryptocurrencies traders especially short term traders.  Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

It is really useful for the short term traders. But most of the traders are already know this facts so it will help to beginners. But new traders are expecting promising platform so they don't find the 3 to 8 coin in first attempt. May this advice will useful for the future investors but I am not recommended to short term trading is more risky investment.

[bobo012]

This is an advise cryptocurrencies traders especially short term traders.  Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

Very good trading advice for the newcomers, i would just add that you should not get emotional, dont attach to coin or token.
In the end 98 percent of current projects will fail, trade it while it goes

[BitMaxz]

Such an awesome advised and your right it's very volatile this year compared to past years and your guide will help other trader to won't buy 100% of your money I always do this buy low buy only 25% of my savings going to bitcoin for my own investment and the other remaining I buy bitcoin when the price will decrease more. So that I could get the maximum profit when the price increases even just 5% to 15%.

Greediness is one of the reasons why other traders lose in trading and I think if you put your funds to other coins the result is the same because every time the price increases the other coins also increase this is just what I notice these days and there are sometimes coins that the price stuck. So staying in bitcoin could reduce the risk to lose in trading.

[vintages]

I personally don't make the mistake of putting my money in one coin. Apart from short traders, any long term traders or investors that put their money into a single coin is entering into a massive risk. Even if a cryptocurrency project is awesome, there is still a tendency that it might not yearn much results because of a single result committed by its developer.

[gabmen]

I personally don't make the mistake of putting my money in one coin. Apart from short traders, any long term traders or investors that put their money into a single coin is entering into a massive risk. Even if a cryptocurrency project is awesome, there is still a tendency that it might not yearn much results because of a single result committed by its developer.

Well all the points that were raised should actually be pretty basic already. Day trades offer more risk to hodlers since you're exposed to a lot more volatility and market movement compared to simply holding your coins.

[hugeblack]

Tips are good but not always correct.

use stop Loss in your all trades(3-5% below the Buying zone)!!

If I listen to that advice, I will often lose, because the price fluctuates more than that every day.

(B) Don't be Greedy, Exit trade as you earn 5-10% profit!!!

Greed does not necessarily mean a percentage of 5% or 15%, but not expected to rise much more than expected.

(C)It's better to keep 20-35% free BTC in case of the market crash then you buy cheap alts in dip!!

Good advice but with the crash of the price, the whole market is falling at the same pace.

(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!! Hold at least (3-8coins)!!

The smart trader knows which currency will rise and can buy in large quantities and sell quickly to make the most gains

[olumyd]

This is an advise cryptocurrencies traders especially short term traders.  Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

Cryptocurrency markets are always volatile and have been since inception. The tips you provided are essential and every self-proclaimed trader has to have them all before trading, however, one very important thing is missing - Research. Most amateur traders depend on trade value to determine their trading, they don't look out for prospective 'innings' with alts, and therefore miss out on huge opportunities.

[maydna]

This is an advise cryptocurrencies traders especially short term traders.  Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

I agree with point A, we need to split our money into one or more order buy and sell so we can have more money to buy if the price is down again.
point B, I think we can earn 5% with easy because I see from this month, the increase of the price is more than 5% and we can see there a lot of coins that could increase higher. point C, I agree with this so we can prepare for a market crash if this is happening so we can buy the coins at the lower price. point D, we need to diversify for many coins so we can have a chance to make a profit from many coins and for new people, I think it is better to hold under 10 coins in their account so they don't have to confuse to check for each coin.

[dothebeats]

This is an advise cryptocurrencies traders especially short term traders.  Am certain it will be useful.

As market is Very Volatile now, I can recommend to do the following especially for short term traders!!
(A)When Buying coin don't enter with whole money at once, accumulate(Buy slowly as its going dip)and Always use stop Loss in your all trades(3-5% below the Buying zone)!!
(B) Dont be Greedy, Exit trade as you earn 5-10% profit!!!
(C)Its better to keep 20-35% free btc in case of market crash then you buy cheap alts in diiiip!!
(D) For the risk management Don't put all your funds in one coin!! Try to divide it depending on your portfolio amount!!Hold atleast (3-8coins)!!

Good Luck.

A. This is the most basic advice everyone should follow, especially with an extremely shaky market like bitcoin. For most newbies, they tend to overcommit into investing and placing all of their bankroll in a single coin, which is plain wrong. Diversification is still king these days even though it will give you a lot of things to look after.
B. This, I think depends highly on the situation. When there's still room for maximizing one's profits, they should take that opportunity or exploit whatever it is. Even a 1-3% additional gain is important nowadays, especially if it can be claimed safe.
C. I call this one 'liquid assets' since you can deploy them whenever you want them to be and you can move them at will without any hassle and/or whatnot.
D. Same point as letter A, though risk management also includes what coin are you holding and its present market conditions etc. etc.