Trading Tricks For Newbies

[Moiyah]

That is just a basic tips. How can an investor or a trader know if it is already a dip price? What are there basis? You never mentioned any technical analysis that can be possibly use in trading. There are already an app like trading view wherein you can already know if that particular coin is worth to buy or not. Buy low Sell high is always the best tip to do.

[Ucy]

This works well and is probably the easiest way to make consistent profits from cryptocurrency trading. It doesn't matter how much you invest so long as it is not a tiny amount.
You have to be a day trader for this to work really well.

[hahay]

This works well and is probably the easiest way to make consistent profits from cryptocurrency trading. It doesn't matter how much you invest so long as it is not a tiny amount.
You have to be a day trader for this to work really well.

If we look at the method in the OP then it is an investment for the long term, because he is even willing to wait longer to buy which means he will hold it for an unpredictable time, because he will only wait until the market is pumped to get more profit well. Day trading is a fast activity that at least traders are familiar with the market situation that occurs.

[satriagedhe]

we cant know where the bottom of the dip , i think if u'r really newbie on this , better use 100$ instead of 300$ for method , that mean you can buy 8/9 x for more dip if needed

[velive08]

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.

using 30% of the initial capital you have to trade will be better for the newbie, newbies should not think of big profits. because for them the experience must take precedence and using 30% can be the best and make it an experience for trading. new if you have a large profit and master the experience can continue to increase capital

[Botnake]

we cant know where the bottom of the dip ,

This is true but as a trader we need to predict what price is the dip.

When bitcoin reach $20,00 and fall to $10,000, some traders think it has hit the dip already, but it still fall to $5000 and they again think it's the dip.

There is no certainly here that's why we need to manage our funds properly, everyone can create their own strategy but we should believe on our decision as the market is very unpredictable, there's an increase of bitcoin now, and we thought it will go higher, but we don't really know, what helps us decide is purely based on our analysis watching market price history and possibilities in the future.

i think if u'r really newbie on this , better use 100$ instead of 300$ for method , that mean you can buy 8/9 x for more dip if needed

Anyone can use any amount as long as he can afford to lose a certain amount, but newbie does not have to be aggressive as it's a long journey.
Start with a small amount that you are comfortable, so even if you are wrong, you can move on easily and enhance your strategy.

[awik p]

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.

using 30% of the initial capital you have to trade will be better for the newbie, newbies should not think of big profits. because for them the experience must take precedence and using 30% can be the best and make it an experience for trading. new if you have a large profit and master the experience can continue to increase capital

I think 30% is a logical number, at least we have to have reserve capital to anticipate markets if that are not suitable with analysis. so we learn to survive first. for the first time I suggest choosing the safest coins to trade

[cryptoknightt]

we cant know where the bottom of the dip , i think if u'r really newbie on this , better use 100$ instead of 300$ for method , that mean you can buy 8/9 x for more dip if needed

I think for new trading it is difficult to determine the right time to buy coins at a lower price, my advice might be for new traders to be able to learn good and correct trading methods in some media, if you don't want to learn then you just need to control the patience You have not to sell at cheap prices.

[BUK2016]

Identifying when the market has reached the bottom for one to buy at a cheaper price is the most difficult aspect of trading in crypto currency this is because anything can happen and if one can identify that aspect then such a person should not be referred to as a newbie in crypto currency trading market but rather an expert trader.

[mirawantirinjana]

Buy High, Sell Higherer

"Buy High, Sell Higher" This is not a trick, this is only a trade law, you should know what is meant by the OP.
the OP should try to analyze the movement of an altcoin price to be able to learn the trade in profitable crypto currencies

[JohnBitCo]

Learned from my mistake in trading,  firstly we have to understand how to use stop loss and trailling stop in crypto exchange because this is the most important to cut the loss from wrong trade and to lock profit when the price going up. Buy only 2 different coin at the sametines to make easy to handle it.

At the start of my trading I didn't know how stoploss worked but later I realized that using stoploss is a must for trading these days. Without stoploss its always risky to trade as bitcoin pump or dump makes the altcoin dump badly.

[zhekinsp]

The tricks that we followed is very very important because without any strategy or tricks we cannot move forward in a proper way the chain saying go with proper trick it will helpful for you to get successful very quickly and easily.

[oktana]

Identifying when the market has reached the bottom for one to buy at a cheaper price is the most difficult aspect of trading in crypto currency this is because anything can happen and if one can identify that aspect then such a person should not be referred to as a newbie in crypto currency trading market but rather an expert trader.

there is a saturation period where coins have very low volumes with almost stable average movements, we can see at 4h/1d /4d and beginners can see patterns from previous days, if there is little movement and return to lower as often as possible, that's where it can be analyzed as a base price and can be bought for further capital, no need to buy back for the previous order.

[Nellayar]

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.

However, many of the coins that don't move much are shitcoins. They don't go upward direction even there is a bull market. So the number may only works several times. If a newbie want to enter in the market. He should anticipate all the top 100 CMC coins and buy it during bear season. After that, he needs to wait for the bull run to come.

[jambul_kribo]

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.

However, many of the coins that don't move much are shitcoins. They don't go upward direction even there is a bull market. So the number may only works several times. If a newbie want to enter in the market. He should anticipate all the top 100 CMC coins and buy it during bear season. After that, he needs to wait for the bull run to come.

accumulate our coins that included in top 100 cmc.it have high possibility rise following bitcoin price in near future.maybe at this time still bitcoin season , but when btc price make correction  alt season will coming to us.buy it before this moment happen.

[CryptoPowerL]

I would also advise you not to buy one coin. It is necessary to distribute the risks. Select for yourself several projects, invest in them. Some will give a profit, and some losses

[katerina5643]

I found this analysis by "Monfex". They suggest  "If the price falls close to the support from $9,400 - $9,300 BUY at $9,300 and SELL at $9,650" what you guys think?

[katerina5643]

The most important advice for newbie trader is don't be Greedy.
You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."

[RealMalatesta]

The most important advice for newbie trader is don't be Greedy.
You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."

Like they will hear, eve professional traders when it comes to greed are still guilty of this, just that the level of their own greed is not as much as that of newbies, no matter how much you shout it loud, greed cannot naturally leave traders just by hearing, except they practice it, it backfires for them, and then they learn from their mistake, that is when they too can understand what greed is all about and how bad it can destroy a trade when applied to it.

Anyway, the little advice you have here is way to go for those that would listen, because this is one of the things that is needed to out in place for any trader to really be successful in their trading. Trading is really not as difficult as many people think, it is just the inability to manage the risk in it that makes it look quite too difficult.

[katerina5643]

The most important advice for newbie trader is don't be Greedy.
You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."

Like they will hear, eve professional traders when it comes to greed are still guilty of this, just that the level of their own greed is not as much as that of newbies, no matter how much you shout it loud, greed cannot naturally leave traders just by hearing, except they practice it, it backfires for them, and then they learn from their mistake, that is when they too can understand what greed is all about and how bad it can destroy a trade when applied to it.

Anyway, the little advice you have here is way to go for those that would listen, because this is one of the things that is needed to out in place for any trader to really be successful in their trading. Trading is really not as difficult as many people think, it is just the inability to manage the risk in it that makes it look quite too difficult.

My personal rule in trading is  don't be too greedy because it can minimize your ptofit! The best option is to do market research and calculate the best time for enter and exit point.