Difficulties (ups and downs) faced in trading?

[DeadCoin]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

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[TravelMug]

As the bears took over the market this year, its really difficult to make trades unless you are a veteran and knows day trading. Those who fell in love with trading knows a thing or two to make quick profit. However, there are also noobs traders which are greatly affect and suffered the most out this this bearish trend.

I guess the best options is not to trade but just buy in dip and accumulate more bitcoin overtime. I don't like altcoins right now, everyone is concentrating on bitcoin as evident of bitcoin dominance going strong while altcoins is bleeding and pump-and-dump groups doing what's best for them. So my friendly advise is to stick on bitcoin and be a long term investor.

[Aleh777]

As the bears took over the market this year, its really difficult to make trades unless you are a veteran and knows day trading. Those who fell in love with trading knows a thing or two to make quick profit. However, there are also noobs traders which are greatly affect and suffered the most out this this bearish trend.

I guess the best options is not to trade but just buy in dip and accumulate more bitcoin overtime. I don't like altcoins right now, everyone is concentrating on bitcoin as evident of bitcoin dominance going strong while altcoins is bleeding and pump-and-dump groups doing what's best for them. So my friendly advise is to stick on bitcoin and be a long term investor.

If i am new to trading, i would not pitch in now at this red market. Yes what you said above would be right for the new ones. When your capital is big and you are ready to wait then yes, its good to just keep buying as many coins as you can now and hold until the price spikes up. I have traded and bought coins and tokens. As i am holding all the coins and tokens, i did not see any loss.

[katri]

I would rather advice to invest altcoin and hold it for a couple of months. The cryptocurrency price for this year is not good to perform a day or short trading. Most of the time price move down and it takes several weeks to pump up with just a little amount of increase.

[exstasie]

What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

It's very important as a trader to remove emotions from your trades. You need to have a profitable system that you employ according to rules. If you can't follow your own rules (e.g. always using stop losses), emotion is taking over, and you will experience losses because of it.

Successful traders see three types of outcomes: big wins, small wins, and small losses. Successful traders never have big losses, because they learned to cut losses before they grow. Losing traders let their losses run out of hope, because they are ruled by emotions.

I would also say that risk management is extremely important. Don't risk 100% or even 5% on any one trade. Going all in (especially with leverage) is the sure way to blow up your account. Trading is a grind. It's hard work. It's not for getting rich quick.

Also, you will never be right 100% of the time. If you're lucky, you might be right 65% of the time. So you need to take trade setups with risk vs. reward in mind. If you're risking $100 to make $100, you're losing money (because of commissions) at a 50% win rate. You need to take more profitable trades. Risking $100 to make $300 is much more appropriate.

[asyakashi]

maybe it's time to buy ETH because the price is cheaper than the previous year. do not trade daily, better long-term trading. Trade risks are smaller and markets are very difficult to predict.

[SUDARMONO]

preferably before we go to trade we have to understand the movement of the graph and we also have to keep abreast of news developments about the crypto world.

[Indrawan77]

It really takes a lot of dedication to learn trading, it takes time, courage and mental to become a successful traders, there are no shortcut in learning trade, one of the most frustrating is the unpredictable market movement, even if we are using hundred of indicators and tons of experience, we still can predict the wrong movement, so trader need to be prepare to lose money

[leowonderful]

I would suggest that after you have done enough research on trading that you either invest a small sum of money into trading or try trading on a simulated trading platform while still imitating that you're trading with real money. It's especially important that you remove any thoughts of "It's only a small amount to lose" in your mind while doing either of these activities, as this helps prepare you for real trading with a larger sum of money.

 I also often see people putting huge amounts of money into trading initially, and I try to tell those people to stop whenever I can- most inexperienced traders don't manage their funds correctly and come out with a net loss, or blow a lot of money in one trade with incorrect risk management. I feel it's better to do small-to-medium trades often over larger trades less often if you have the time.

[pooya87]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over.

the platforms (in this case exchanges) are built to give profit to the owner of the platform which is in this case the exchange owner. and YOU don't invest in the platform, you invest in assets that are listed on that platform and  the profit purely depends on your skills as a trader not just because you invested in them!

What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

i believe that trading is one of those things that you have to actually start doing to learn it. otherwise theory-crafting about it has no end or yield. and the good news is that when trading cryptocurrencies you can actually begin with a small amount so you would be taking a small risk.

[mk4]

Aside from actually trying to learn and study first before going in, I always suggest that new traders should always use only a very small percentage of their total trading stack(probably 5%, depending on how much the total stack is) to start their trading. As beginners, it's highly likely for them to lose money first as they learn. They should just increase the percentage as they get confident as time goes.

[chocolah29]

Before you start trading, better to know what do you prefer, short, mid or long term trading so you'll know what coin to buy. Hence, don't expect that return will be quick and anticipate rough roads along the way.

I would rather advice to invest altcoin and hold it for a couple of months. The cryptocurrency price for this year is not good to perform a day or short trading. Most of the time price move down and it takes several weeks to pump up with just a little amount of increase.

If you're a beginner, it's better to focus in buying more bitcoin and less than altcoins as the movement of altcoins are inconsistent and just living in hype nevertheless don't trust those hype.

[yanto@1977]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Learn about basic knowledge and money management, disciplines and focus to fix your strategy. Up and down is reality and from there we can find opportunity create income with realistic target. Most people only focus with their profit but never from their mistakes, don't do that.

[hase0278]

If you're a beginner, it's better to focus in buying more bitcoin and less than altcoins

Beginners can focus on buying altcoins as well so long as the altcoin they choose to invest into have long history and did not experience a pump recently. Focusing only on trading bitcoin would not help them gain more knowledge on trading cryptos.

Aside from actually trying to learn and study first before going in, I always suggest that new traders should always use only a very small percentage of their total trading stack(probably 5%, depending on how much the total stack is) to start their trading.

That would depend on how much money they got on their portfolio IMO. If a beginner's portfolio is less than 100$, it is better to start with 15% of their money in crypto rather than 5%.

[Ranly123]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

It's only natural for new traders to study and do some research on the market. Don't get too hasty on doing trades, instead analyze the chart whether is good to buy or to sell depending on the prices and volume of the coins you are interested in.

[Kira_lapa]

I always advise you to start trading small amounts that you do not mind losing. So it will be easier for you to learn how to control your emotions. Technical aspects of the trading strategy are extremely important, but the factor that determines long-term success is the person's ability to control his emotions.

[reda]

Trading is not easy to use. Before star the trading. You knoe how to use it. So learn the trading information and process. Time is important of this process. So follow the market place price. Market price is every time up and down. If price down. People buy and hold it. Time to sell and time to buy. Market place is give more information of the price list. Then plan to work. Trading is good investment. But time to acctive. Trading is connects the all country people. So choose your best coin then invest and start the trading.

[manggis97]

History price of the crypto can help to determine support and resistance area,  although this way not fully accurate but will help to decide which price to buy and sell.  And to minimize the risk from wrong prediction do not forget to use stop loss,  because no one trader can make analysis always in accurate.

[oanhphong]

Although Bitcoin may be considered as a commodity at the present time, it is only for those who are willing to pay for it, so Bitcoin prices tend to change constantly.

[jvdp]

As I know traders mostly looking to find the short term profits only. If the coin xyz seems growing phase then they choose this coin as today's investment and end of the day they will gain the profit accordingly.
Apart from the people who is involved in day trading they have their investment into two halves one is good altcoins which tends all holding and growth asset. Next one is short term profitable investment to make money.