Trading for the Inexperienced Traders

[wuvdoll]

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Trading is good and easy on rising markets still for a long term holder, sideways markets and falling down markets are good to accumulating more. This is the case of bitcoins and few other potential based altcoins. Catching a falling knife is not a good idea for random assets. So, you must need different strategy for different assets, especially I do have two strategies which are basically dealing short term and long term trading.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

We may trade daily but we should not rush for making ad-hoc decisions. If you have technical based trading calls everyday then you may go for it. But, we should not trade based on some coins are being pumped and some got good news like that. Do trade only with the support of technical analysis and not just with naked eyes.

[akram143]

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Trading is good and easy on rising markets still for a long term holder, sideways markets and falling down markets are good to accumulating more. This is the case of bitcoins and few other potential based altcoins. Catching a falling knife is not a good idea for random assets. So, you must need different strategy for different assets, especially I do have two strategies which are basically dealing short term and long term trading.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

We may trade daily but we should not rush for making ad-hoc decisions. If you have technical based trading calls everyday then you may go for it. But, we should not trade based on some coins are being pumped and some got good news like that. Do trade only with the support of technical analysis and not just with naked eyes.

When people are saying trading will be very tough for forest but if you have experience then any job will be easiest for us in the starting stage all the investment and business are very tough but once the day was going then we can make some profit and the business was little easier for us and trading is also in that case we can definitely learn trading when the days going towards and the profit will come for us.

[Julunguul]

When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.

First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

Merry Christmas (if you celebrate) and a Happy New Year to y'all.

Then what will we get if trading is just waiting for the green market, it will only make us buy when it is expensive then sell when it is cheap, the red market should also be more suitable to buy, and yes bots are a problem in some markets, this is really damaging the course of market coin, usually this happens in a market that is lacking in terms of security

[emberbekas]

maybe at the beginning it's hard to do the very first thing about a trading way or else we're going to lose everything, but that's about to start that the second time and so on will be ok ... as I'm and until now, I'm still not knowing how to do a trading procedure, well when I stay as a member of the crypto world, I will try and will also come up with the time I go for the trading platform and I will definitely try it soon.

Yeah you're right. You should.make sure to learn something first about trading before you decide to enter the businesses. Don't join any crypto activity blindly and never invest what you cannot aford to lose. Doing your own research is the best option you can go in for. Let's keep crypto alive buddy. Good luck!!

Crypto currency trading requires us to constantly renew our minds with new things, especially those relating to the news. Continuing to learn is a must if we want to survive long in this business.

[onrise]

It’s hard to stay patient though

Then better to stay away from crypto trading else almost it is sure you would during the year end when do balance sheet you would always end up in losses . It require huge patience in this market and trading itself is highly risky job so better be carefull about your investment .

[mersal]

It’s hard to stay patient though

Then better to stay away from crypto trading else almost it is sure you would during the year end when do balance sheet you would always end up in losses . It require huge patience in this market and trading itself is highly risky job so better be carefull about your investment .

In the starting stage people do lots of mistake because of an experience in anything not well in trading in experience will give you and teach you something new and better so in starting there is a lots of trouble was happened for all people in trading but made them more usable is always important for anyone to do and get better profit in trading.

[nydiacaskey01]

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

10%-20% is not little. At this kind of market when the price of Bitcoin and other coins are just moving sideways, 10%-20% might not be achievable, specially for beginners as they are more prone on trading with their emotions. Most tend to panic when they see the price going down. 2% - 3% for starters is better until they get used to it and learned how to read and analyze those charts.

[mrdeposit]

It’s hard to stay patient though

Then better to stay away from crypto trading else almost it is sure you would during the year end when do balance sheet you would always end up in losses . It require huge patience in this market and trading itself is highly risky job so better be carefull about your investment .

Crypto markets are more volatile than other financial markets and strategies are different from each other.Trading should be treated as business not like job because  at the end of day every businessman counts his/her money. Profit matters..

[wildey]

well, a lot needs to be noticed for a beginner. in fact, when the market is green, or is a bull run, you can get a loss if you are not careful. besides, try the exercise before doing it. You know, that trading risks are large enough to make you lose money in a short time.

[ranman09]

For newbies, trading is really a game of patience. That's all you can do to cope up and make a profit. Wait for the right setup and when the setup is there ride it until it last.. once you are good at this then you can change your time frame. Don't day trade yet if your time is to tight.

[mirakal]

Like they said, you learn from your mistakes.

If you want to be a successful trader, you need to learn in every way, either the market is bullish or not, of course always have a proper money management as that would help you in your long journey.

Trading during the bullish period is so easy, because most price movement is up, you can tell if you are good enough and just make a decision based on your capacity or the skills you developed, because after all it's your money at risk.

[Yamifoud]

For newbies, trading is really a game of patience. That's all you can do to cope up and make a profit. Wait for the right setup and when the setup is there ride it until it last.. once you are good at this then you can change your time frame. Don't day trade yet if your time is to tight.

Trading requires ample of time so you can focus if what you are doing.  Prices fluctuates everytime and that's you should take a look on it everytime. 
As a begginers, we should study more on how the market behaves and find strategies that we think to be effective but it goes into experimental basis to choose the best.

[rubythebest888]

Don't try trading everyday if you're not a PRO

agree.
Remember, your goal is to trade well, not to trade often.

[syamster]

Don't try trading everyday if you're not a PRO

agree.
Remember, your goal is to trade well, not to trade often.

Yes don’t make it only your habit infect you should try it as your source of earning so this means you need to fix a  goal and then trade as long as you don’t reach that fixes price and then you can trade. For those who are yet not well experienced them should try long term trading with small amount of money as well as they should keep learning the basics of trading skills.

[TopT3ns]

Don't try trading everyday if you're not a PRO

agree.
Remember, your goal is to trade well, not to trade often.

Yes don’t make it only your habit infect you should try it as your source of earning so this means you need to fix a  goal and then trade as long as you don’t reach that fixes price and then you can trade. For those who are yet not well experienced them should try long term trading with small amount of money as well as they should keep learning the basics of trading skills.

A lot of people still think that day trading is something that can give them profit everyday with short term trading. They still didn't know if long term trading is not stressful as day trading activity.

[hubballi]

Don't try trading everyday if you're not a PRO

agree.
Remember, your goal is to trade well, not to trade often.

Yes don’t make it only your habit infect you should try it as your source of earning so this means you need to fix a  goal and then trade as long as you don’t reach that fixes price and then you can trade. For those who are yet not well experienced them should try long term trading with small amount of money as well as they should keep learning the basics of trading skills.

A lot of people still think that day trading is something that can give them profit everyday with short term trading. They still didn't know if long term trading is not stressful as day trading activity.

What you are telling is true but their are so many coins which if you trade daily for 2 or 5% profit then you can calculate what profit you will make in long term it will be more then that For day trading only chose those coins which fluctuate with volume daily for 5% atleast, so that you can make 2 or 3% profit daily.

[ranman09]

For newbies, trading is really a game of patience. That's all you can do to cope up and make a profit. Wait for the right setup and when the setup is there ride it until it last.. once you are good at this then you can change your time frame. Don't day trade yet if your time is to tight.

Trading requires ample of time so you can focus if what you are doing.  Prices fluctuates everytime and that's you should take a look on it everytime. 
As a begginers, we should study more on how the market behaves and find strategies that we think to be effective but it goes into experimental basis to choose the best.

I agree we need to be timed with the market. You can't just find a winning buy with just a quick hint. You need to study what stage is the stock at and what is the probabilities.

[maydna]

It is why an inexperienced trader needs to learn about the basic, the more they can learn, the more they will understand about trading. The first time I start trading, it's difficult and strange for me, but after I read tutorial and watch video, I found that as long as I buy at the red candle and sell at the green candle and there is a difference for the buy price and sell price, I will make a profit. But if we want to make a bigger profit, then we need to dig more about trading and find the other method or techniques so we can increase our skills.

[rubythebest888]

don't try buy the dip, that's for pro trader.
Only trade in bull, because price will increase in high probability in bull, and inexperienced trader can follow the trend.

[stadus]

don't try buy the dip, that's for pro trader.
Only trade in bull, because price will increase in high probability in bull, and inexperienced trader can follow the trend.

Well, it's very effective but the hardest part is to determine if it's already a bull run or not yet.
Price that showed may have different movement in the future, what we think will happen is just based on our analysis, I hope we will not buy during the bull trap.