5 tips for cryptotraders!

[Raist]

And now all our appreciation to the Captain Obviousness, Major Obviousness and General Obviousness. But this one - 2. Do not spend too much time on trade! is really good. Do not be hard. Relax.

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[aggress0r]

Trading is a mean and complex game where you have too many odds to go broke or become nervous as hell  I'd prefer to stay with medium trading (not scalping or daily trading) it will not require you to stick all time to the graphs.
And a tip - no more than 1-3% of budget for a single deal ( if you have 10-15 deals a week).

[deadsilent]

The most important advice is not to invest everything in one coin, it is very important, don't neglect these rules.

This is true. It's the same i did. I go all in on TRX. I very happy because i gained so much profits the time TRX reach it's all time high. I was so happy that time. But i didn't sold it before it started to drop. Im very frustrated that time because it dropped suddenly and never go up until now. It because of my greediness. Also i never diversified my money because i go all in often. So when you're trading, don't be greedy and don't go all in on one coin because once it dropped hard. It's very hard to recover unlike diversified investment. You can recover quick.

[Altcoins enthusiast]

Hello, I would like to give advice to beginning traders, perhaps many people know this, but not all, especially they are relevant for today's market.

5 tips for cryptotraders!

1. Do not buy up everything that see!
Presently very much tokens and every day them to become yet more. Even to the professionals difficult at times to recognize scam tokens, that to talk already about novices. If you begin the way of trader only, trained first on stable currencies with large capitalization.

2. Do not spend too much time on trade!
Many people think that after sitting as long as possible while looking at the charts, they will find a potential gold deal. First, the crypt market is so dynamic that if you miss one opportunity, you will have 5 new ones. Secondly, to trade tired very bad idea, which usually will cost you a lot of money.

3. Not panic!
Fear and panic are the two biggest enemies of every trader. Remember that cryptocurrencies are too volatile and be ready for it.Do not rush to do something, think well  and remember patience is the golden rule..

4. Don't get fooled by tricks!
New altcoins-this is what lose money a lot of beginners. The desire to recognize the new bitcoin has already destroyed many cryptotraders. A lot of altcoins that enter the market are absolutely not suitable for long-term investments or are pacifiers at all.

5. Choose the right exchange!
No less rapidly growing and the number of exchanges. Many people want to lure you with attractive terms, but you have to understand that for them there are certain risks. It is better to start working with already proven exchangers which are used by most people.


I hope someone was useful. Good luck and big profits! BTCBTCBTC

many of us has lose money in cryptocurrencies by violating most of this tip  that was drop by the op.  I think we are going to have a nice time in trading cryptocurrencies in future and being careful before investing will safe us from the activities of whales and skillful traders.

[CST123]

Good point about exchanges. You can find more about them in this thread:
https://bitcointalk.org/index.php?topic=3364100.0

[crzy]

The most important advice is not to invest everything in one coin, it is very important, don't neglect these rules.

This is one thing but for me the most important thinkgs to know is that, don't invest when you have no idea about the project. Don't listen to a hype, make a study and trust yourself. Beginners should not make a move that is only base from the suggestion of other people. This is cryptomarket, a lot of hype people and if you don't make effort on that you will probably trap on a shit coins.

[CybereyesWinger]

Hello, I would like to give advice to beginning traders, perhaps many people know this, but not all, especially they are relevant for today's market.
 BTCBTCBTC

  Nowadays trading is very risky business, the market is too volatile. My investors are looking to the perspective ICO projects and I found it. We will invest to the Kelvin Blockchain. Kelvin Blockchain project itself is flexible to implementing cryptographic algorithms which will make it one of the safest blockchains ever existed with 10+ signature available from the start. This project does not rely on any particular signature algorithm and due to the multi-client use - on some single consensus. In case of any problems, it is possible to quickly locate the threat and prevent it’s distribution throughout the system. Moreover, all the blockchains will be processed in one wallet so that the client could have fast transactions, secure investments and cheap smart contracts as well as a lot of other services at his hand. You can read more information about the project here: https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a

[Treasurer]

I would add: do not be greedy! Greed is a bad helper for the trader. 7-10% very good price change for the trader. It is better for 1 day 2 times to take 7% of income than to wait 14-20% for some time. Even on the fall, you can take 7-10%.

[monkito]

The most important advice is not to invest everything in one coin, it is very important, don't neglect these rules.

Diversification is very important in trade. In addition, the use of some good commercial support tools such as FTEC is a turning point for traders who want to experience a more professional and effective utility.

[removebeforeflight]

Good tips and the tips you have given really would help the new investors who are eager to trade in cryptocurrency market. Apart from the tips you have provided I would like to add that the investors need to observe the potential of the coin by validating the team behind the coin and the advisers for the project. Then, they need to look into the graphs and trend of the coin in past and need to buy those coins when the price is really down to earn some good profit, do not buy when the price is in peak.

[Lyucy]

good tips
Patience always pays

[gamalzour]

Good advices. For each trader, this can be a different set of rules. For me, the main rule is to follow my rules when trading, as often I do not follow my plan for position

I love the second and third tip for the traders. Spending in the start is foolishness. You spend too much without having much of the market experience.

This can be fatal and can incur you loss. The panic decision also incur you loss and if it is a red market, it further contribute to the red market and price fall. I will add further that a trader should be rational in making decisions that determine the future profitability of his portfolio.

[AlenDel2]

Thank you for your good advice. They work! And how do you feel about System trading, signals and robots? Now a lot of talk about the fact that the strategies that were developed even a year ago, focused only on the rise bitkoyna, do not work.

[Vit83]

Especially agree with the exchange tip. If your exchange doesn't add new tokens, just leave it. The lifecycle in crypto is very fast and most growth coins show in a first year. Also when trades don't show volume you can't do the proper analysis of what is happening on the market.

[UZIzzzz]

Yes, focus on a few tokens, and you'll see the rules that they may have.
Don't panic, however, especially if there is bad news in the market.

[davida]

This are very good steps for intending traders to follow and even traders who do not have enough ideas of trading. If this steps are followed appropriately, it will help to make very good profit at the end.

[mdzahed134]

"Fear and panic are the two biggest enemies of every trader" this noted because it's really happening continuously with me.Also i'm panic seller when i heard any bad news about market than i try to sold my token with very low rate from actual rate.I trade in Bittrex,Hitbtc & sometimes in Binance. 

[Blamsud]

This are very good steps for intending traders to follow and even traders who do not have enough ideas of trading. If this steps are followed appropriately, it will help to make very good profit at the end.

What we really need is o be skeptical and resourceful in every coin we have, it doesn't matter if we do a day or holding system, but if we did research on our coins then we can at least think of their earning at the right time.

[dimonstration]

"Fear and panic are the two biggest enemies of every trader" this noted because it's really happening continuously with me.Also i'm panic seller when i heard any bad news about market than i try to sold my token with very low rate from actual rate.I trade in Bittrex,Hitbtc & sometimes in Binance. 

Definitely right, that is the two reasons why you have a high chance to loss your money, if you know how to control your emotions i'm pretty sure that you would become a successful trader. 

[TukiCripto]

The most important advice is not to invest everything in one single. coin, this is very important, do not neglect these rules ever.