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Author Topic: How to Trade cryptocurrencies comfortably with profit  (Read 1505 times)
BitcoinCommodor
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November 03, 2018, 06:00:38 AM
 #61

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.
Lol. There is actually uncomfortable trading if you are losing so much which I am sure there is no one at all, that will ever be comfortable with that. However, losing is just part of trading sometimes, and your ability to minimize those losses and maximize your profit is what makes you a successful trader and you cannot be able to get that done if all you try to do is not get stable with your strategy, learn as much as possible and be able to build on it. Finding things easy over time comes with experience and knowledge, but you still have to pass through the stage of not so easy at first.
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November 05, 2018, 03:47:20 PM
 #62

For trading you need professionalism and there should be no involvement of emotions in trading. I think trading can only be success when you are trading as a full time business instead of part time business. Initially one should go for small profits. In crypto there is a time, when you found that golden moment then your profit will be maximum. You should be alert all the time because price is going up and down in seconds. 
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November 09, 2018, 06:16:11 AM
 #63

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.
There are some misconceptions in your comment. Although trading with bitcoin is a super fantastic chance that a person can have in this era. With even little investment that you have, you can make good profit at the end of day. But the second part is vague. There is no conformity till now that whether bitcoin is independent of all the coins or it is dependent rather.
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January 11, 2019, 08:42:47 PM
 #64

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.

100% of agree with you:)
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January 11, 2019, 09:28:26 PM
 #65

First rule for traders is not to invest more than you can afford to lose. Because no matter how successful trader you are, sooner or latee you will loose some, that is inevitable. But the most important rule is how you will deal with loss.
Still you can influence on that that possible loss is minimal by making decisions with your head, not your heart, by learning how to listen and predict the market and by learning on the mistakes you make. And of course with time and experience you will become more and more successful.

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January 11, 2019, 11:13:18 PM
 #66

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.

The information you write is not very revealing. You said "decide to sell only when you are at profit. " This sentence made me a little unreasonable because the sole purpose of all of the traders is to make a profit, and this is not always occur. shortly,  there is no situation like you said: "only sell coins when you in profit". An investor who buys a coin can experience a huge stock market drop in 1 month, and this situation forces him to sell coins and when he sells the coins, he has only a huge loss and the investor is compelled to do this move because the price decline can destroy the finance of the investor. As a summary of the whole article, the investor recedes from attacking and starts defending.


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January 12, 2019, 04:52:17 AM
 #67

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.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.
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January 12, 2019, 05:28:44 AM
 #68

There is no place for emotion on crypto trading. And always you will win that's wrong as well. If you think I will buy on bottom and I will sell on top then you are also wrong. We don't know where is top and where is bottom. And yes, your mind should stable during trading. Just point a target to by and set a target to sell depend on market conditions. But that's our mistake that we always change mind and got loss. So don't trade emotionally use your brain and be patient.

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January 12, 2019, 05:49:12 AM
 #69

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.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.
everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.

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January 12, 2019, 06:30:22 AM
 #70

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.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.
everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.
I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.
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January 12, 2019, 06:53:49 AM
 #71

Crypto trading is somewhat different from the other fields in terms of its volatility rate and the risk on it. You won't be  all the time are gaining, it somewhat we lose sometimes but not that big if you have knowledge and skill.
A lot of people quit from trading because of the bad market condition and it never give good profit. I've love of what I'm doing so I still be within.



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January 12, 2019, 06:58:05 AM
 #72

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.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.
everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.
I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.
In addition to these cryptopcurrencies are very volatile thus becoming very difficult to trade at times while defying all sorts of technical analysis despite his skillful a trader is although volatility and momentum are needed in trading however a normal movement is required to conform to  price action to reduce emotion.

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January 12, 2019, 10:47:17 AM
 #73

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.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.
everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.
I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.
In addition to these cryptopcurrencies are very volatile thus becoming very difficult to trade at times while defying all sorts of technical analysis despite his skillful a trader is although volatility and momentum are needed in trading however a normal movement is required to conform to  price action to reduce emotion.

Basically you'll only be comfortable when you're not afraid to lose the amount you put in. So first you have to condition your mind that there are chances that you won't have a successful trade all the time. That would ease pressure in making profit. Your profit will come in time through patience and experience.

 
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January 12, 2019, 10:54:04 AM
 #74

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.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.
everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.
I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.
In addition to these cryptopcurrencies are very volatile thus becoming very difficult to trade at times while defying all sorts of technical analysis despite his skillful a trader is although volatility and momentum are needed in trading however a normal movement is required to conform to  price action to reduce emotion.

Basically you'll only be comfortable when you're not afraid to lose the amount you put in. So first you have to condition your mind that there are chances that you won't have a successful trade all the time. That would ease pressure in making profit. Your profit will come in time through patience and experience.
and if we trade only 2 % from our balance i think our psychology will feel comfortable.we could stay calm although market crashing.and but most investors said its impossible to trader with 2% our balance.when they could be rich?

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January 12, 2019, 12:40:04 PM
 #75

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.

Even you pick good and potential coins there is no assurance that will you earn profit because sometime you will really end in low and no profit. You need to become good skillful trader so even you invest in unstable coins you can still earn profit.
everyone should be skillful, if not or maybe don't have any strategies in trading like only know to buy and hold, it will make them suffer every trading. Like me, i wouldn't call i am professional trader because i only know buy hold and sell.
I agree on that we need to be more skillful in trading specially on crypto feild, because in crypto we all know that everything is unstable and anytime crypto may change without a prior notice to the public. Because it spends in the status of the market or maybe the volume of investors that buy or maybe sell thier asset, so then if we are not an experience trader or skillful one we cannot really trade in a comfortable way. I believe that we need to study hard about crypto and be more moderatien about the price.
In addition to these cryptopcurrencies are very volatile thus becoming very difficult to trade at times while defying all sorts of technical analysis despite his skillful a trader is although volatility and momentum are needed in trading however a normal movement is required to conform to  price action to reduce emotion.

Basically you'll only be comfortable when you're not afraid to lose the amount you put in. So first you have to condition your mind that there are chances that you won't have a successful trade all the time. That would ease pressure in making profit. Your profit will come in time through patience and experience.
and if we trade only 2 % from our balance i think our psychology will feel comfortable.we could stay calm although market crashing.and but most investors said its impossible to trader with 2% our balance.when they could be rich?

For comfortable trading go to some furniture store and buy a nice chair, comfortable one and trade form that chair, it's first thing, second is what man above says, you need to feel free with your money, to not be afraid from losing it, it's same from gambling, if you are to careful you can miss good trades, and when you start to regret for that you will risk more and that's the moment when you start losing. In trading like in gambling you win and lose, what makes the difference is winning more than losing, for that you need to risk sometimes.
2% from 10 dollars and 2% from 100k dollars is a big difference, when will you get rich with 2% is easy to tell, calculate how much is 2% from your capital and do the math.

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January 12, 2019, 03:09:38 PM
 #76

If you are just a beginner then start trading to and from the usual type of cryptocurrency which a lit of people know and heard of. Then if you already have experience from trading then start trading to other crypto.

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January 12, 2019, 03:14:19 PM
 #77

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.

always put your emotions aside and do not be greedy. You will only loose money if you sell your assets at a lower price than you bought. its as simple as that. But the biggest problem is people enter at the wrong moments and get stuck in a position for a long time. I am using the bollingers and dip strategy to track small dips that will mostly recover within a matter of 5 minutes to a couple of hours. This strategy only brings about 0.5-1.5% profits per trade. But doing multiple smaller trades every day will result in nice overall profits

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January 12, 2019, 04:07:37 PM
 #78

To trade cryptocurrencies comfortably with profit, we need to be wise in choosing coins in every exchange platform.
Also we need to control our emotions too, it is because this is the reason most of the time why traders in the community of crypto trading
always lead into loss of their coins.
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January 12, 2019, 04:40:34 PM
 #79

To trade cryptocurrencies comfortably with profit, we need to be wise in choosing coins in every exchange platform.
Also we need to control our emotions too, it is because this is the reason most of the time why traders in the community of crypto trading
always lead into loss of their coins.



Getting profits will be more easier when comes to cryptocurrency field especially in trading you can definitely get some good profit in short period of time but in the starting stage there will be a problem will be there for all the new traders but when the days making you stronger your experience will be more important to play this Vital role for huge profit.
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January 12, 2019, 07:19:31 PM
 #80

This has been a topic for couple years now and seriously noone has figured it out yet. When you have too much money (hundreds of millions of dollars like a bank) than I am sure you would be capable of changing the market the way you want and that is a way to trade crypto the way you want.

You can literally buy crypto from cheap over the counter from a set price instead of buying from the market so you don't get a loss but than you can sell it on binance and drop the price of bitcoin single handedly and cause panic sells coming in, which would mean you can use your cash on bitmex short futures and make money.

Obviously, you would need enough money to buy and sell at a level where it affects the market, someone with couple thousand dollars wouldn't even be remotely enough, you need at least 100+ million dollars for such a deal. Aside from something like that, there is no comfortable profit in crypto trading.
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