2 tips in trading for beginners

[yndye]

Trading strategy depends on the level of risks you want to take. If you are into high risk, yes you can reinvest your capital and profit. The safe bet and lower risk option is to take back your capital and reinvest with the profit you have made.

I want to take the conservative way of trading which is to take back my capital and let my profit do the rest. Of course if you have bigger capital then you will have bigger profits as well but then when the opposite happens then you will have bigger loss so you should take all this into account and decide what is best for you. I would just like the conservative way because it would be favorable on my part knowing that my money is already safe and whatever happens to the market, I am in profit.

[CybereyesWinger]

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.
2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.
Hope this could help some newbies in trading crypto

   

Very important! Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future. With the coming quantum technologies, the current market must experience many changes. To be more exact, many coins will leave the market, as there will simply be no demand for them, due to the same technological superiority.

[michellee]

I agree that we need to know yourself before we trade and we need to have a plan for trading. without having that two tips, we cannot survive in trading and we cannot make a profit too. knowing yourself is the most important things that we need to know because, in trading, we don't have to be greedy when we see our profit is big and it's better to take that profit while we can before it's too late. we need to always control the emotion in trading too especially when the price is down because this is only attracting us to cut loss the coins at a low price.

[raider150shifter]

2. Plan your goals. Stick to your plan.

Don't get this literally, use the tools and indicators.
use stop-loss if you're scalping if you're into day trading
be flexible, doesn't mean you're losing you need to sell,
you can hodl and wait for the coin to pump again.

[shrey_27]

1.Knowledge is power
2.Set an amount aside
3.set aside time too
4.Start small
5.Avoid penny stocks
6.Time those trades
7.Cut Losses With Limit Orders
8.Be Realistic About Profits
9.Stay cool
10.Stick to the plan

[megasynk]

Invest only such amount you're not afraid to lose. Be patient with selling.

[BabyBoss]

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.

2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

Hope this could help some newbies in trading crypto

Plan to is very important and is more useful, I don’t think knowing my self is part of this but Control my self is more important in crypto world. In order to stick in your plan you need to control your emotions and self. Thats all.

[Pattart]

Two very important tips for beginners in trading:
1.   Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2.   Many traders cannot spend much time in this market.  Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process

Yeah there are many tips to follow and I agree with you to read anything from market to predict price, including marketcap, because
that is the most important part. yeah right, trading needs more allocation so you can understand what will happen to the market..

[Maymun_lavigne]

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.

2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

Hope this could help some newbies in trading crypto

determine your risks carefully.
this is certainly going to be done by everyone in the trade, nevertheless the trade name there is definitely a term profit and loss. Because not always what we want the same as the reality that the name of the market price must change change can go up can also go down.

plan your goals and stick to your plans.
the plan of a merchant would want to earn a profit and stick to your plan is not going to be easy, because if we have entered the market and start trading what we think would have changed.your motion will come and happened panic buying and selling because market movement is very fast .

[GalahadSeika]

3rd tip, don't trust anyone. TRUST YOUR INSTICT! This is what I've learned in cryptocurrencies. Don't join in some pump groups and signal groups that are unpaid. They are the only people that can get profit out of those. SO DON'T JUST GO IN THERE, FALLING TO THEIR TRAP.

[eaglewhite80]

Well, those are some nice tips. Unfortunately, they are tips that can only be applicable to those who have decided to learn first and be sure they have enough knowledge to push further. The best tip I would ever give anyone is to learn, practice with little after wards, keep learning and until you have gain some confidence to see your strategy is good enough to keep giving you good profit, then do not even think about going in proper. That would save any newbie the frustration of losing almost everything.

[pluMmet]

As trader you need to be able to admit lost trades. Be able to say "i was wrong" and cut losses. It might be hard and sometimes will make you eat your table when coin will rebounce after your sell but it is must have. Dont jump into trade when you see opportunity on 5 min candles for next 30 min time period and stick to that position for weeks hoping for it to recover. Alwais have exit strategy when entering market. And alwais change it if you see that market is not acting like you predict it.

To help admiting lost trades try to thing about trading as regular job and lost trades as fuel to get to work. Because there is no 100% accurate trader with 100% win trades.

Usually traders dare to hold the position of loss until a long time with the hope the price will reverse direction. In fact this way of trading will tend to destroy your account because you never limit the risk. Any sophisticated trading strategy used, you must still determine the stop loss as an early protection. Test your strategy first and do not change strategy quickly. If you've found the right one, be consistent with the strategy you've chosen and the discipline of using it.

[Thanasis]

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.
2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.
Hope this could help some newbies in trading crypto

   

Very important! Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future. With the coming quantum technologies, the current market must experience many changes. To be more exact, many coins will leave the market, as there will simply be no demand for them, due to the same technological superiority.

Investing on ICOs are very much riskier than the trading and holding and it is definitely not for the newbies because there are lot of ICOs were scam and targeting the newbie investors so don't invest on ICOs if you are new to crypto currencies.Experience is the important thing needed to be successful in the crypto trading you can get that by yourself once you actively involves in trading.

[FalcoonRed]

1. You must know when to buy and whether the coin is potentially in the future.
2. You must be patient when selling it, do not lose and sharpen the analysis.

[GawirZZ]

1. before you trade you must know first the risks and losses bberdagang in crypto, do not until you despair.
2. you should be able to manage the emotions when selling and buying, the key to successful trading is patient.

[Protonem]

Two very important tips for beginners in trading:
1.   Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2.   Many traders cannot spend much time in this market.  Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process

That may be one of the reasons why many new investors are doing panic sell when prices start to fall dip, we already known this crypto price always has much volatile since few years ago, but those new investors just want to get instant results, while volatile crypto could be a game of the whales.

[nicster551]

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.

2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

Hope this could help some newbies in trading crypto

I do agree with this. The number one enemy and problem for most traders are their emotions. They should try to master it first before entering in the market.

[Reid]

Know yourself.
The best tip for all specially those who are just leaning on their monthly salary.

I have heard a lot of rant in telegram group when one token from an ICO is dumped hard. What they say?
How they will feed their family if the price is like that? WHUOAT?

You risked your money for feeding your family into buying a crypto? That is one shitty move from foolish people. I puked afterwards.

[qiman]

I would like to give this good advice to my Wife as she wants to learn day trading but it is very difficult for her because she lacks self confidence she says. I will tell her to just test the waters with small amounts of risk capital as we lost too much value from our portfolio holding altcoins and tokens. She wants to try and balance things out by day trading to earn a living now as things are very hard in other crypto areas where she has been working in right now.

[jonatuzc]

The worst thing in trading is that you might sell or buy too early sometimed, though you still make the profit you can't make enough profit.

One has to be a time observer while trading crypto. Be sure the market is ready for your product and you can only sell if you are selling your coins. This is very important. Besides, having some good knowledge about the technology and perfect market information guides a lot in deciding when to buy or when to sell.

Normally when you have a good profit margin in crypto, you should sell your coins but should not sell the entire portfolio for leaving crypto after earning isn’t good. Crypto is not only for profit but for so many other services.