Trading Tricks For Newbies

[deandree]

Buy High, Sell Higherer

[Omega Weapon]

These "tricks" you've listed really aren't "tricks", they're pretty much just generic trading advice. Not to mention these "tricks" shouldn't apply to every situation. It hugely depends in many factors.

2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.

Just automatically selling after you've seen you've gained profit isn't always the best thing to do. Sometimes it's better to ride out the wave up, wait it out, and sell after a slight dip. Again, it depends on many factors.

3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

If you have $300 left, it isn't preferrable to go all in with the $300 on a certain price point. most of the time it's better to apply Dollar-Cost Averaging[1] all the way down, as there's no way for us to know if your price target is the bottom or not.

[1] https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Exactly my thoughts, no real method to the madness as such

Which is why trading is so hard, sometimes the best thing to do is to grab profits as fast as you can but if the circumstances change a little bit then the best thing to do is to not sell your coins and keep holding them and wait until the price raises significantly, this is why trading cannot be learned by just watching a few videos in Youtube with people that are not that good at trading.

[coinplus]

Which is why trading is so hard, sometimes the best thing to do is to grab profits as fast as you can but if the circumstances change a little bit then the best thing to do is to not sell your coins and keep holding them and wait until the price raises significantly

Trading is hard when you do not know how to deal things efficiently. The choice of booking profits or continuing with your stash should be decided by your technical analysis but not just due to situations. There are versatile tools and indicators are available which will show you when to book profits and when to keep going. Selling at peak and then buying back is good but for that you need accurate predictions which may not possible all traders as anyone can perform well by experience and making use of what they do learn continuously.

this is why trading cannot be learned by just watching a few videos in Youtube with people that are not that good at trading.

Trading is not about learning alone but experience. Learning is just 30% of preparation and the rest of 70% is on how depth your experience is. Learning from books/videos/other traders and then practicing in demo account is the way I do follow till now even I have been into trading for more than a decade.

[irsykes]

Buy High, Sell Higherer

Easy to say right?   but when we already bought a coin it will go down. no higherer but in reality it is sell low  . Maybe your theory will work when a coin get pumped, or maybe listed in new market.

[haroldtee]

This does not look like a great plan to me. Firstly, there is no trick when it comes to trading, the most important thing is to have a good strategy and a plan. As it is, I can only point out 3 things from what the OP have said; buy low, sell high and if you are in loss, be patient (that is a sucked plan!).
 
If you want to trade, trade! And if you want to invest, invest! When it comes to trading, your plan should include what you look at when you are buying, selling or where you should be stopping loss, if a particular trend wants to continue in contrast to what you anticipated. Being a reactionary trader is more like setting yourself on fire and more chances of losing.

[milewilda]

Is this what you called a trick? No its not and this is just basically a common way on how to make profits but the question is on how you would able to know if the price is already on the bottom?
Trading isnt really just Buy Low and Sell High thing. It do needs or requires lots of experience,knowledge and analysis before you become profitable.If you do only fix your mindset on this way, it might work
but for sure with this volatile market it can anytime break your expectations.

[vv181]

The tips are good we should carefully research and analysis the investment coin we should pick. Nevertheless, trading much more complicated than that. It does not about keep buying the coin if it's get dumped, and take a profit when it rises. We need to make technical analysts take into consideration. And much more important thing is to control our emotion.

[izanagi narukami]

IMO, it's too risky without TA so there is not quick trading on crypto for newbies.
I'm better to tell them to hold it for 1 year and see the profit will increase more than 50% , it's easier trading for cryptocurrency.

Stay sharp guys !

[Nahl]

I thought you were mentioned the trick how to pick profitable coins but seems i was wrong about that and the profit from crypto trading is depend on which coins would you hold because some of coins cannot recover the price and became an dead coin and if you pick wrong coins then i'm very sure your method will never working well

[gatti]

I thought you were mentioned the trick how to pick profitable coins but seems i was wrong about that and the profit from crypto trading is depend on which coins would you hold because some of coins cannot recover the price and became an dead coin and if you pick wrong coins then i'm very sure your method will never working well

There are many tricks to pick a profitable Bitcoin and it's difficult to do a crypto trading to all should hold the coins because also can't recover the some dead to pickup a wrong coins this also a one trick in Bitcoin to do a profitabley .

[harizen]

Good strategy for newbies but always remember that no one can say what will happen for it's price either it's gonna pump or dump. Also starting in trading before newbies will start also remember trading is a risky investment.

It's not a strategy or tricks at all. OP just give an example of "buy low sell high" system.

Remeber that altcoins are way more volatile than bitcoin. No way people can just applied the "buy low sell high" system easily without a sweat. Technical analysis won't help too at some of the cases. What people need is to build experienced dealing with the volatility of other alts.

There are many tricks to pick a profitable Bitcoin and it's difficult to do a crypto trading to all should hold the coins because also can't recover the some dead to pickup a wrong coins this also a one trick in Bitcoin to do a profitabley .

I don't understand what you are trying to point out here.

[Reid]

That is not a trick but a basic rule in trading.

You will need to catch up if you are on the losing side. That is why you are buying more to at least cover up with the losses.
Gain a little profit and somehow do it all over again.
It takes time though.
If you are buying a token that is not yet mainstream then it will be a problem.
Go to tokens that are being sold and bought at large amounts.

[Slow death]

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

Look at the case of Neo. Neo reached  $160, imagine if someone used your strategy, the person would be with reasons to be panic and angry because the price of Neo in the current day is in the $7.

Buy High, Sell Higherer

Easy to say right?   but when we already bought a coin it will go down. no higherer but in reality it is sell low  . Maybe your theory will work when a coin get pumped, or maybe listed in new market.

this reminds me in the past: when I bought a coin, hours later the price of the coin fell and I would panic and sell, days later or weeks later the coin would recover and rise. Dude, I got really angry

[BitHodler]

If you are buying a token that is not yet mainstream then it will be a problem.
Go to tokens that are being sold and bought at large amounts.

There are two sides to the story though. I do agree that it's better to stick to that what generates decent volumes and has a listing on various large exchanges, but that could also mean that your buying opportunity is over.

Tokens tend to lose most of their value after them being listed on exchanges because people suddenly have multiple platforms that allow them to unload their bags because they bought in at the very early stage.

Investing in tokens is gambling because no one cares about their utility. The trick is to buy them when no one wants them, and sell when they gain some traction and get rich quick noobs think it's time to enter.

[Oceat]

Buy High, Sell Higherer

Easy to say right?   but when we already bought a coin it will go down. no higherer but in reality it is sell low  . Maybe your theory will work when a coin get pumped, or maybe listed in new market.

lol that higherer
Anyway, OP just said what is buy low and sell high. And for your complaints, there are lots of coins actually that has the potential to grow in the future, you just have to find and research accordingly to their situation. Holding will work in any situation especially if the market seems to drop most of your investment.

[leowonderful]

Dollar cost averaging's definitely one of the better tips most people don't realize, as many people just deposit and buy at the same time with all the money they've deposited. This doesn't typically pan out in a bear market where prices could continue to go downwards (e.g from 2017-now), but you can lower your average cost of entry by staggering buy orders by time.

You can also try staggering buy orders by price so you get the coins you want at a certain price. I've been able to buy in at a great price several times just from staggering buy orders at higher and lower prices.

[Indrawan77]

I found its a good strategy, some of my friends suggested the same technique, which is to diversify and got some backup cash to buy again if the price fall down deeper, just a suggestion if you are a newbie buy a famous coin to invest, it doesn't necessarily buy hitcoin you can buy xrp or eth, dont buy ico or cheap alt coin, because it will need time to rise and maybe the price won't rise, follow some trading signal group could be helping you to trade

[kawetsriyanto]

I find no special tricks above. For me, those tricks are just common strategies for beginners. Also, I don't see you recommend certain coins for newbies to buy. I think you also need to suggest newbies to buy the safest coins for investment. Many people asked about what coins that are recommended to buy for beginners. Personally, I recommend to buy top altcoins. 

[wuvdoll]

I find no special tricks above. For me, those tricks are just common strategies for beginners. Also, I don't see you recommend certain coins for newbies to buy. I think you also need to suggest newbies to buy the safest coins for investment. Many people asked about what coins that are recommended to buy for beginners. Personally, I recommend to buy top altcoins.  

Other than suggesting for not going with all our capital, I am also not finding any special tricks but there could be more number of new traders who might be finding these tips most useful for them. Also even we are all aware of such tips, it is always good to have this kind of discussions to recall those strategies so that we can remember while making trading decisions.

OP is suggesting about going for low volume coins but I am also not finding that is a right tip because we cannot expect all the low volume coins will be raising any time soon but most of them will get delisted from exchanges as far as I have seen. It is always good to go with highly reputed/major coins otherwise simply sticking with bitcoin is more than enough tip for beginners. I am also always suggesting to go with top coins because I am honestly doing that alone, I never risk my capital with new or unknown coins.

[eaglewhite80]

Buy High, Sell Higherer

Easy to say right?   but when we already bought a coin it will go down. no higherer but in reality it is sell low  . Maybe your theory will work when a coin get pumped, or maybe listed in new market.

That is usually what happens to most people who enter the market thinking buying low and selling high is all that it is to a market and that is exactly what the OP described. However, the reality always end up kicking in all the same, and that is when they realize that there is more to trading that just that, which is the reason why the need to have a plan is always necessary. Unfortunately, no one can have a plan when they are ignorant of what they are looking for before entering or exiting a trade which is where it hits them straight on.