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Author Topic: How to Trade cryptocurrencies comfortably with profit  (Read 1505 times)
yvesp110
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October 25, 2018, 07:06:44 PM
 #41

Trading is not that easy as articles used to say. Trading is a profession wherein you need to be well adept and knowledgeable about alomost every detail. It is also learned from experiences not just by the book only. So, to trade comfortably with profit, you need to go through the challenges and faiures trading might bring. Don't afraid to fail at the start. Learn from it.
So if you are a new trader here in the crypto market then you have to forget about making profit in the beginning but the careful and most successful way is to start trading with less valuable coins in order to gain practical experience first. Once you are done with your practical experience then you will surely upgrade to high and valuable coin that is actually the Bitcoin and you will be able enough to start trade with profit in the start.
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October 25, 2018, 09:10:34 PM
 #42

Your emotional state is important of course, but the market's state is more important now. Even experienced traders feel confused at the moment. Not the best time for newbies. If you wanna start trading, don't hurry, better read more and learn, use small sums to buy cheap coins for practice and wait till the market finally moves.

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October 26, 2018, 01:59:33 PM
 #43

Your emotional state is important of course, but the market's state is more important now. Even experienced traders feel confused at the moment. Not the best time for newbies. If you wanna start trading, don't hurry, better read more and learn, use small sums to buy cheap coins for practice and wait till the market finally moves.
There is no such thing as "best time for newbies". You can join the market whenever you want. The earlier you join, the faster you will learn and the more experienced you will get. You might be making tons of mistakes at first, thus not being able to make any kind of profits. But, eventually you will learn from your mistakes and start making steady profit. And yeah, must start low, or else you will lose everything early.

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October 26, 2018, 02:11:05 PM
 #44

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.

Daytrading is more comfortable to have profit even its not too high profit but its just enough for me to provide the needs of my family.lts just a matter of time to effort to monitor the price of my token.But lm satisfied of having a profit in every trade.
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October 27, 2018, 08:18:07 AM
 #45

Yes , it is really  important  to   build  your  emotions  when it comes to trading  Wink  but don't just  be  confident  have your technical analysis  with you  and by  that  you wil  earn you confidence  in trading  Wink   don't  just  be carried  away.
To me I think that the most important is to study the market and first choose the best coin for your investment, you should try to have good knowledge about the coin where you are interested to invest your money, because a lot of coins are there which can only waste your time and can give nothing to you.
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October 27, 2018, 10:04:45 AM
 #46

If you seek comfort zone in the volatile market like this then things can be worst for you and all others who will follow such mentality. There is never comfort in the crypto because things are changing very rapidly here. The profits can be made no matter what but it needs patience and continuous market watch so that one can actually study the real time situation and also up coming problem within it. The trades execution is simple but gaining the profits over the time is always challenging and there is no way one stay comfortable in it. Everyone will have to suffer one time at least as we have our money on stake.  Grin

 
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October 30, 2018, 07:24:01 AM
 #47

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.
What do you mean by trading comfortably, is there anything like uncomfortable trading? Any way, in trading whether you’re going to make profit or not depends on your skills and luck… sometimes it’s really difficult to predict the market and if you put the wrong order you will end up losing a percentage of your money if not all of them. So it’s best to get the skills first, before you talk about trading. I noticed a lot of people don’t learn trading before investing their money and time to it, it’s risk.
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October 30, 2018, 07:26:52 AM
 #48

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.
Because of the instability of the crypto expenditure, it is not always effective due to the long-term failure of the trader, but a skilled dealer can evaluate and earn more business through his business using all of his business. The genius in buying and selling And additionally your coins do not change to be a holder all the time and simply change with your funds part.
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October 30, 2018, 11:07:53 AM
 #49

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.

If you really want to trade crypto and want to have many profits then you should try to trade Bitcoin only because every coin depends on Bitcoin's moves.
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October 30, 2018, 11:51:19 AM
 #50

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.
Looks like poloniex has features like this, isnt it? but of course you have to know the skills and knowledge that he has, don't let you choose someone who is not credible and skilled in trading, I myself more comfortable using my own skills, if you are not experienced then keep learning and try
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October 30, 2018, 01:40:01 PM
 #51

If you seek comfort zone in the volatile market like this then things can be worst for you and all others who will follow such mentality. There is never comfort in the crypto because things are changing very rapidly here. The profits can be made no matter what but it needs patience and continuous market watch so that one can actually study the real time situation and also up coming problem within it. The trades execution is simple but gaining the profits over the time is always challenging and there is no way one stay comfortable in it. Everyone will have to suffer one time at least as we have our money on stake.  Grin
The thing is that almost everyone always want comfort, but they always fail to realize or understand that everything good comes with some level of sacrifice. Trading cryptocurrency comfortable with profit is something you can actually get to do eventually though, and that is only if you have been able to sacrifice to learning, practising and building strategies over time. You cannot get it better than that, but one way, before getting to that point, you have at least, sacrificed so much to get better for your own good.
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October 30, 2018, 01:50:32 PM
 #52

But to keep up the psychology when the market falls is very difficult. It is not easy when you are holding a portfolio of $ 5000 or more. I think to keep calm, we have to send the trust and responsibility to the altcoins that we have invested. Because when you really want that altcoin to succeed, you will never be sad when it goes down. You just hope it revives what you thought.

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October 30, 2018, 03:14:32 PM
 #53

I agree that the general psychological state strongly influences whether the transaction will be successful or not. If a person is in a bad psychological form, then it is better for him to avoid trading at this moment. For balance my state during transactions (which is also an important component of successful trading), I use the following method.
I clearly plan the whole deal before I start trading. I determine the point of purchase of a particular coin, then I consider two scenarios of how events will go.
The first scenario is if everything goes well and the price of the coin grows. Here I define the point of sale. The second scenario is if something went wrong and the price starts to fall. I determine the point of sale with a negative turn of events.
Next, I just clearly follow the plan. Yes, in the process I'm worried, because I really want the price to rise. But a clear adherence to the plan greatly reduces the level of stress.
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October 30, 2018, 04:25:53 PM
 #54

Trading is not that easy as articles used to say. Trading is a profession wherein you need to be well adept and knowledgeable about alomost every detail. It is also learned from experiences not just by the book only. So, to trade comfortably with profit, you need to go through the challenges and faiures trading might bring. Don't afraid to fail at the start. Learn from it.
So if you are a new trader here in the crypto market then you have to forget about making profit in the beginning but the careful and most successful way is to start trading with less valuable coins in order to gain practical experience first. Once you are done with your practical experience then you will surely upgrade to high and valuable coin that is actually the Bitcoin and you will be able enough to start trade with profit in the start.
I like the way you give advice to trade, I agree. Gradual trading is a safe way for beginners to know the market situation. For new traders, it would be too risky if they directly trade with Bitcoin which has a very high price.
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October 31, 2018, 07:37:05 AM
 #55

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.

Daytrading is more comfortable to have profit even its not too high profit but its just enough for me to provide the needs of my family.lts just a matter of time to effort to monitor the price of my token.But lm satisfied of having a profit in every trade.
Profit in trading is highly related to the initial cost of investment inversely. If the initial cost of investment is low, the profit margin will be high in future and vice versa. Also risk is a factor that determines the fortunes that could be earned by trading in the market that is normally avoided by the risk averse and the risk neutrals. All the profit goes to the risk lovers. Moreover, it is also a function of the type of coin you want to invest in. Some altcoin are even profitable in the short run regardless of the market vibes.
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November 02, 2018, 12:48:33 PM
 #56

If you seek comfort zone in the volatile market like this then things can be worst for you and all others who will follow such mentality. There is never comfort in the crypto because things are changing very rapidly here. The profits can be made no matter what but it needs patience and continuous market watch so that one can actually study the real time situation and also up coming problem within it. The trades execution is simple but gaining the profits over the time is always challenging and there is no way one stay comfortable in it. Everyone will have to suffer one time at least as we have our money on stake.  Grin
Trading is not even something that comes so easy like that, and people tend to think they can just start getting that comfort when it comes to making profit at first.

There will always be some mistakes you will make at some point, and then over time, you will need to be able to fine tune those strategies of yours with the experience you get which basically is not something you will be able to get first without knowledge. All these require dedication and effort, and I do not see anything easy in that. Over time though, as you get better, you tend to find things easier than before, but the thing with trading is that you never stop learning.

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November 02, 2018, 01:51:47 PM
 #57

Does anyone use bots for crypto trading?
Who heard anything about TradeSanta crypto robot? worth trying it?
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November 02, 2018, 03:04:57 PM
 #58

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?




if I when my emotions are unstable I would rather hold back and wait a few days to sell it again or buy it again in my opinion this is effective for me personally

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November 02, 2018, 10:27:01 PM
 #59

It is possible to trade cryptocurrency and earn a goid profit if you really believe on it. First thing you can do is assure yourself that you really want to do it. Never go in a war if your not ready because it may cause you loose. And also be knowledgable and never be affected by your emotions. If you want to success in trading  be patient and believe on your coin.
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November 03, 2018, 01:27:59 AM
 #60

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?




if I when my emotions are unstable I would rather hold back and wait a few days to sell it again or buy it again in my opinion this is effective for me personally
someone's emotions are different there are like you there who also panic and immediately sell it. Your choice is a wise choice because with that, the benefits will come to you if you take advantage of time and opportunities well.
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