How to Trade cryptocurrencies comfortably with profit

[deonyx]

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

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[wayaneka]

We now understand trend of crypto market and the level high of the fluctuacion so from it we should have some skill to predict the trend of crypto. By know the trend of crypto we will know as well when should be entry to the crypto market and when should be exit. High fluctuacion is mean high too risk so to minimize the risk we should be have risk management like use stop loss.

[SJJoh]

If you don't feel confident enough, you can consider being an investor at a trading platform and let more experienced traders do the work for you. There are projects that allow you to pick traders based on their portfolios and expertise. I'm a new in this myself, but I think I risk less being an investor, as there's so much to learn and take into account to get good profit. So it might be logical to use other people's skills and knowledge.

[Crypto_Samuel]

If you don't feel confident enough, you can consider being an investor at a trading platform and let more experienced traders do the work for you. There are projects that allow you to pick traders based on their portfolios and expertise. I'm a new in this myself, but I think I risk less being an investor, as there's so much to learn and take into account to get good profit. So it might be logical to use other people's skills and knowledge.

Idk, you need to be sure that they are good. Seems hard to check.

[RendaW]

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

it is so nice that you noted how important to have the stable emotional state before going into any financial affairs, take any risks and make any investments.

[jinkyyy]

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

How to control his emotions? Please help me to control
Everybody thinks that usdt can not be discounted.
Yesterday , USDT = 0.96 usd t he property I am holding at usdt . I saw the usdt depreciate I moved all through Tusd at 1.20 because I was scared with the news like binance removed usdt.
How can I not be afraid of such cases?

[manggis97]

I was started Crypto  trading with new fresh money 3 month ago,  but until now that my balance does not increase because i hasbeen earn some profit but loss again in other trade.  Learn from that, i know that my mistake is i dont use any risk management to reduce the risk.  So we should be have some strategy how to minimize the loss when wrong prediction by use stop loss.

[Herbys]

The main thing for every trader is stability.

No need to chase after profits, because at any time you can make a mistake and merge twice as much.

A gradual and steady increase is the key to success and a sign of excellence.

But for this you need a lot of patience.

[zlotabardza]

The main thing for every trader is stability.

No need to chase after profits, because at any time you can make a mistake and merge twice as much.

A gradual and steady increase is the key to success and a sign of excellence.

But for this you need a lot of patience.

After doing some researches recently and watching all the threads, I do realised one important thing to myself, DO NOT invest in tokens and coins, only BTC or ETH. It is so hard to identify a successful ICO. And if ICO is over and the project is success you wont find that token on exchanges for good price.

[taiwww]

Yeah, emotions and trades is the worst patch ever lolz. Many times I have fell for this one and I had all this without even realising that I had this loss because all I did was emotional judgment about the crypto trade that I was in.
Yes you do this all the time without even realising and no matter what how much you can control yourself you do such mistakes many time.
There is no comfort zone in the trading as the situation is always stressful and thats because you are staking your own money. When it comes to the money then you for sure fall for it.

[Nickcerny]

We can actually trade cryptocurrencies comfortably and that too gaining profit from it .... As I am a crypto trader I usually trade so I found this exchange name Binex.Trade where it gives 70% revenue to its token holder but the volume is low so the revenue is some times less.

[jony35490]

Trading is very risky and we need skill and talent to be success though trading. If we want to trade cryptocrrency comfortably with profits then we need to be hard worker and need to avoid greedyness.

[WalletPlus]

Try to get 2% - 5% gains every day when trading, don't trade for coins that have a history of low volume because it is not safe. You can read it more about it on my thread https://bitcointalk.org/index.php?topic=5048299.msg46755579#msg46755579

This method works best for me.

[Malamok101]

For comportable profit in trading just pick some good coins and safe investment to trade your cryptocurrency altcoins that can make you some profit to earn as slowly but surely profit.

[omonuyak]

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

Hope the newbies to trading will find this information and apply it to their trading decisions. In trading only the wise investors really make money. Emotions are the reason why traders lose money and if you really want to make money from the market you must do away with your emotions especially negative one. During my stock trading I could still remember that the reason why I lost money was because of fear and not my trading analysis.

[Kemarit]

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

Of course even at bearish market, people can still make a profit. But it's up to how knowledgeable you are. I'm sure that most of us here haven't seen what a bear season is, so its going to be difficult but if you have the tools then you can also make a good money.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

Well emotions is the traders worst enemy, if you don't know how to control it, sooner or later you take a huge lost because your decisions will be clouded. I'd say that majority of newbie traders succumb to this, but what's importance is how to learn from your mistakes and move on.

[haroldtee]

Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.

it is so nice that you noted how important to have the stable emotional state before going into any financial affairs, take any risks and make any investments.

I am very sure anywhere you get to go, the first thing you will be told when it comes to trading is to deal with your emotions and build your confidence on your trading strategy. You can only control your emotions if you know what you are doing or basically have the knowledge of how to trade pretty well, have a strategy you are making use of and have been able to build on and then you are doing well.

One thing with trading is that if you do not have confidence in what you are doing, just like any other thing at all, you will only end up fumbling and getting emotional for no reason and this is the main reason why we keep saying before you trade, make sure you seek the knowledge, be able to come up with a strategy, practice it pretty well to build your confidence, even fine tune it and you will see yourself doing well in the long run without having to put in emotions in your trading.

[GregH37]

The main thing for every trader is stability.

No need to chase after profits, because at any time you can make a mistake and merge twice as much.

A gradual and steady increase is the key to success and a sign of excellence.

But for this you need a lot of patience.

I would even say a gradual and steady learning phase until you know how to do things right is what is always important. Also, a lot of people tend to want to see themselves making very huge amount of money from trading and they tend to always forget that there is actually no way you can get the best by being greedy or being in a haste to do anything as you will end up being short of learning, building experience and strategy and in that case, you will just be busy gambling your positions in the market, which the last time I checked, a whole lot of people that ended up going that path, things always end up flopped for them.

[aencarnaci]

How to control his emotions? Please help me to control

The absolute reason why a lot of people tend to get emotional when it comes to trading is because they are always so in a haste to want to make money and that is a terrible thing that would always backfire as emotions start springing up. If you want to avoid trading emotionally, then you should be working on yourself, your knowledge and the strategy you have been able to come up with. People tend to always forget that trading is always something that deals with professionalism, and if you see it as gambling, you will never be able to come out of trading with emotions.

a lot of people tend to want to see themselves making very huge amount of money from trading and they tend to always forget that there is actually no way you can get the best by being greedy or being in a haste to do anything as you will end up being short of learning

The plan of trading comfortably will get collapsed when a trader gets greedy. We do see many traders are doing that even they have started well in their beginning days. I mean, learning alone will not help any trader but we must practice of not getting greedy at any point of time while trading. This is being called experience and only traders who show discipline while trading get chances to become pro traders.

building experience and strategy and in that case, you will just be busy gambling your positions in the market, which the last time I checked, a whole lot of people that ended up going that path, things always end up flopped for them.

Yes, here is my whole point lies on. Just learning and then following all the formula of trading will not just land one trader into the profit zones. He must work hard each and every time toward not losing his control over emotions and must follow his strategies all the times for perfect entry and exit.

[el kaka22]

The main thing for every trader is stability.

No need to chase after profits, because at any time you can make a mistake and merge twice as much.

A gradual and steady increase is the key to success and a sign of excellence.

But for this you need a lot of patience.

I would even say a gradual and steady learning phase until you know how to do things right is what is always important. Also, a lot of people tend to want to see themselves making very huge amount of money from trading and they tend to always forget that there is actually no way you can get the best by being greedy or being in a haste to do anything as you will end up being short of learning, building experience and strategy and in that case, you will just be busy gambling your positions in the market, which the last time I checked, a whole lot of people that ended up going that path, things always end up flopped for them.

Absolutely, learning phase is actually one of the things that we really take for granted most of the time in our early days of trading. Sometimes we tend to do some rush learning just because we simply want to end up taking advantage of the market quickly to start making money, and instead we ended up seeing things the other way round and quickly getting frustrated.

Trading cryptocurrency and making profit from it, requires, knowledge, skills, confidence in those skills and discipline and if all these things are lacking, it would be a hard thing to ever come by profit and if you do not end up getting to learn the hard way, you may just chicken out and consider trading not to be your thing.