This will help to improve your trading

[South Park]

It's a good advice but holding for long-term for me is not profitable anymore because those altcoins getting dropping out. But for now you can see in coinmarketcap that the price getting pumping for those who buying altcoins.

When people in the forum say that they are holding for the long term most of the time they are referring only to bitcoin and at best a few altcoins with high market caps, most altcoins out there should never be held for the long term and you need to have an exit strategy in case things begin to go in the wrong direction, so if you are planning to buy some coins with low market caps you cannot be an investor you need to have the mentality of a trader so you can cut your losses as fast as you can.

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[Kasabus]

It's a good advice but holding for long-term for me is not profitable anymore because those altcoins getting dropping out. But for now you can see in coinmarketcap that the price getting pumping for those who buying altcoins.

When people in the forum say that they are holding for the long term most of the time they are referring only to bitcoin and at best a few altcoins with high market caps, most altcoins out there should never be held for the long term and you need to have an exit strategy in case things begin to go in the wrong direction, so if you are planning to buy some coins with low market caps you cannot be an investor you need to have the mentality of a trader so you can cut your losses as fast as you can.

Depending of what coin's features we have seen, but mostly and as what I'm certainly be doing, I never do long term holding. Long term holding is the safe way from losing but isn't beneficial at this time since the market moves slowly.
Now, if someone planning to invest in crypto better to think for short term holding. We don't need to wait for years to make profit instead, we have to take advantage of every fluctuations int happen in the market( buy low, sell high).

[Roukawa]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

what is my greatest opinion for all the traders do not panic while trading or if you doung any other job if you panic your work will definitely stop for a while it takes to you the another dimension of your work so while working don't fear and panic make the patience for higher.

Yes, do not let your emotions affect your trading decision or else it will also affect your personal life. What i do is I buy coins which I think is at it's lowest for some weeks and then let it run, I just put a sell order on the price point I'm satisfied. I just do this on Binance.

[katerina5643]

There are some important piece of advice that helped me
First of all dont trade if markets are volatile
Secondly calculate all the risks
And thirdly dont panic and rely on your own analysis
Also you can read this article. It will be helpful for you https://www.monfex.com/academy/how-to-develop-a-successful-trading-plan-139

[EdvinZ]

All of these tips are good and effective. But most people learn from their mistakes, so these advice is not for everyone, but only for those who really know how to analyze, have discipline and patience. But the tips are good and practical.

[fullhdpixel]

All of these tips are good and effective. But most people learn from their mistakes, so these advice is not for everyone, but only for those who really know how to analyze, have discipline and patience. But the tips are good and practical.

There is no advise that is too little or not for everyone, I understand what you are trying to say but we should not judge or condemn people, we don’t have to allow people to make mistake before earning and reason why we have some of these tips constantly popping up is to keep reminding them on how to trade right.

Some people have made costly mistakes because they don’t have who to guide them, and when it comes to discipline, patience and the rest of the things that you mentioned, it takes time to also get them, it is when we see some of these tips that we all learn what is necessary to avoid us making any mistake, if we have followed these tips and still make mistake, it is only at that point that we learn form that mistake. Not all mistakes is a lesson at all.

[Aaronpp]

The tips are good but they are already well known and it is impossible that anyone who is in the trade does not know them, what I recommend is to read several books and see many videos that can help you, in addition to joining different forums because even if you don’t believe it, these are the best aids you can receive at the moment of any doubt with the market or the operation of a program.

[Aaronpp]

These are tips that are already well known because many have put them into practice and have lost money anyway, the truth is that there is no strategy that can assure you profits, it all depends on your own effort and analysis. He mentions many things well and his analysis is surprising because he has no very advanced or medium knowledge in trading.

[Irvinn]

I think that advising something for traders who already have a certain trading experience is very difficult, because to one degree or another the person is already a professional.  In any case, it is the beginner who should be advised to be more attentive and less emotional, since in most cases it is the beginners who come to the market with a minimum of assets, or do not have start-up capital at all, especially since there is no knowledge of trading at all.  With the slightest changes in the cryptocurrency market, for such people the situation causes a storm of emotions, which provokes them to inappropriate actions.  Therefore, you need to adhere to the basic rules so as not to be in the red.
Buy cheaper, sell more expensive.
Do not trade for the last money.
Forget about scalping if foreign exchange assets are small .
Do not use the entire deposit amount immediately .
And most importantly, never believe what they write in a chat on the exchange.

[babysweetTiger0401]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

You are giving advise based on your experienced right? I don't see any wrong with all the tips which was you gave here.
I don't if all traders had the same encounter like yours dude, because if we fail in trading it means our way was wrong in which
we need to learn from it. And as a trader patience shouldn't be gone to our attitude.

[muhhentuhhen]

I m agree with you. .we need to check what happens in the market and don't make a rush decision especially if there are faster movements from the order before buying smth.

Remember about market volatility all the time - this is the best tip, but all forget about it. The cryptocurrency market is extremely unstable and there is always the possibility of losing all your investments. Therefore, trade only with the amount of money that you are willing to lose. This is a general rule and should always be followed. Also, never try to recover your losses by investing even larger amounts.

[Abulu730]

Thanks for this informative piece, how i wish i saw this before my early days of trading in crypto. I made so many silly mistake on funds management which affected me so well. It also affected mu confidence level and i had to just forget about trading.  I hope many newbie will see this so they can make inform decisions before venturing fully into crypto trading

[hizzy]

I think that many factors depend on the exchanger on which you work. It seems to me that large exchangers are not suitable for a start, it is much better to choose a small one, such as Whitebit

[peter0425]

It’s always nicer see that someone are concerns on what will others might have advantage.sharing our experiences specially losses will prevent others to have the same situation

I think that many factors depend on the exchanger on which you work. It seems to me that large exchangers are not suitable for a start, it is much better to choose a small one, such as Whitebit

Yeah I agreed on that,starters should use smaller or newer exchange for them to be prioritized and may adopt the environment.they will grow sooner to use bigger exchangers

[LimLims]

It's a universal fact that,
People learn from their own mistakes.
But if we really need to correct ourselves then we definitely need to learn from other's mistakes.
The OP's motive is also the same.
Thanks for sharing your failures and strategies.
This will surely help the newbies.
Good luck to us.

[Chaintrader_1]

Litecoin Massive Breakout Soon or Rejection? The Chart Nobody is Watching https://www.youtube.com/watch?v=Aiw1GDl2UkE&t

[Freddy11]

The only thing that could help us improve is our own mindset, which has to be very much positive. I do that only and along with that having eyes on Crypto News is just ideal formula to crack up making money. If we are able to manage these things right in our favour. It will only add up with boosting us and getting the desired and required results. If we miss out on this part it will just push us into situation where we will do things right yet they will turn wrong due to sudden news developments.

[Lanatsa]

It's a universal fact that,
People learn from their own mistakes.
But if we really need to correct ourselves then we definitely need to learn from other's mistakes.
The OP's motive is also the same.
Thanks for sharing your failures and strategies.
This will surely help the newbies.
Good luck to us.

You are right it isn't really that bad to look up with others mistakes too because you can apply all of these things together with your self learn that you had learn along the way.
This is why reading and understanding on how things goes will be beneficial for you in the long run.Lots of tools and experience can be read up and this would just matter on an individual on how he do utilize these learnings and do apply it on his own where in result to improve out his own trading style or system.Most of them will just quit after some initial
failure faced up and didn't turn their back because they have lost money.If we do pursue to be profitable with trading then accept those mistakes as a stepping stones to success.

[ayoubouni95]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

Thanks OP, will be taking your advice. Your points of advice I would say are coming from many years of trading experience. May I ask how many years have you spent trading and how often do you trade, say, in a week/hours in a day?

I didn't really get your idea on the first point but on the second, I really see the importance and will be learning more about personal financial management. I will be reading and studying the wisdom behind the book "Rich Dad, Poor Dad" soon before this year ends.

Point (3) well taken coz I did experience being swayed by hype by focusing on price/trade discussions by people who I really don't know yet.

[Viscore]

The only thing that could help us improve is our own mindset, which has to be very much positive. I do that only and along with that having eyes on Crypto News is just ideal formula to crack up making money. If we are able to manage these things right in our favour. It will only add up with boosting us and getting the desired and required results. If we miss out on this part it will just push us into situation where we will do things right yet they will turn wrong due to sudden news developments.

Having a positive mindset when you start trading is very helpful because it will make you more motivated to make profits than seeing you lose again. And never trade while the market is very unstable because you will find it very hard and risky to make profits especially if you're still a beginner. Start trading when you see the market is already not volatile.