Dontme
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May 22, 2019, 12:34:26 PM |
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:)I have seen people lurking around here and there finding someone who can guarantee them great success in trading and help them earn huge profits. Trust me there is no one who is going to help you out personally to earn profits. All the fake gurus out there betting to make you earn are only there to fetch some dollars from you. It is quite a known fact that only 3% of traders are actually able to take money out of the market while 7% remain almost at breakeven. While 90% lose most of their money most of which burn their whole balance. Trading is the most rewarding career as far as I can see therefore is equally difficult too. You can't be a persistant trader in a day or two. It requires efforts of months or even years to become a great trader but here are a few things you should do as a newbie starting off: 1: Have a goal for yourself and a plan to achieve it. you can set your own goals but make sure they are realistic. Like goal to earn $1 Million is realistic but making it in a day or week or even a month is unrealistic. 2: Read Books and journals of big traders A very important step in trading. Its better to learn off from the mistakes of past trader than to commit them on your own. For that read some books. Here is the list of great books for newbie traders. i. Market Wizards by Jack D. Schwager ii. 3. Day Trading For Dummies by Ann C Logue iii. Mastering The Trade by John Carter iv. Technical Analysis of the Financial Markets by John J. Murphy these will help you in finding your trading Style 3: Make your own trading setup and strategy & follow Risk Management: This is the hardest step hit and trial your favourite indicators to find a setup that suits you the most. Don't ever copy someone's else setup whole on whole it's never going to help as everyone has a separate style of trading. Never ever underestimate the need of risk management it is of utmost importance. 4. Make your own Trade Journal: This is the most important step which most of the traders find bouring. See it's utter truth that you will lose a few initial trades but to make sure that you learn from these losses make a trade diary. Record every trade including the reason you traded it and result along with the reasons of failure. This will help you not to repeat the same mistake in future. 5. Do trading regularly in a disciplined way: No one has ever built up a monument in a day. So it takes time to build a great portfolio but just a few days to destruct one. So keep your risks low and trade everyday here is something that can motivate you. With an account of just $100 if you profit everyday at a yield of 2%(which is pretty low in these volatile markets) you will have a portfolio of $3500 in 6 months. That is 35 times return and compounding just never ends so try to keep your daily targets and try to achieve them too. Here are links of some great sites that can help: 1. https://www.tradingview.com/chart/GBPUSD/B3HvNCh4-Power-of-100-trading-plans-review/2. www.zerodha.com/varsity3. https://www.tradingview.com/chart/BTCUSDT/kestHGNN-This-is-Why-Beginner-Traders-Lose-Their-Capital-1-No-Strategy/4. https://www.babypips.com/learn/forex/Here is a graphic which truly depicts trading ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingsetupsreview.com%2Fwp-content%2Fuploads%2F2013%2F12%2FDay-Trading-Rules-That-Work-704x396.png&t=665&c=w89fnd-3xR53Ew) PS: You may share your love with merit. I will bring more tips for intermediate traders soon. Sometimes, listening to the advices is really good but when you're in actual it is really hard to do it on your own especially when you are already at lose moment how can you apply the so called "control your self" when you feel like giving up in crypto because you lose big amount of your whole assets. That's why I am now believing that if it's your time to win you can win it no matter what. Yeah, trading needs so much effort to think and knowledge on chart and market is a must but look even though they predict something about the price it is really good when the price goes to what they want but in the end all was hoping that their speculation is right even there is big possibilities that it will not go according to what they think.
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iMark
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May 22, 2019, 12:52:17 PM |
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Do they ever work in crypto? I mean newbies trade trash tokens with a market cap below $5m and they plan of making money with technical analysis, seriously? Even Bitcoin can be considered as a low market cap asset now.
having a low market cap is not the reason why trading those tokens is a bad idea. the fact that they are purely pump and dump coins makes trading them a bad idea specially for a newbie who is not yet familiar with trading or with the market itself. otherwise if these coins weren't 100% manipulated they could have been good choices. but now you only have to know how to go around pumpers and make your profit before they cash out (aka dump) otherwise you get stuck. ''journals of big traders'' all this fancy words..... investing is no doubt the most risky, most difficult thing. All those people see on the internet teaching investing, forex etc. quotes, videos, e-books. All total bullshit. Let me tell you what you need to be successful in investing, trading and business, you need money! that can keep you in the game even when you fail and make huge loss many times. Hey buddy, all investors have money, but money doesn't guarantee you profit if you don't have any knowledge in trading. journals from experts, plans, and strategies are very important in the final results of trading. Anyway, low marketcaps doesnt mean a bad idea, many altcoin have volumes below 1 btc but have high movements and price increases. the most important is not the amount of volume, but seeing the quality of the project or coin, has potential or not?
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bonker
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May 22, 2019, 01:38:55 PM |
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Other startegy is very nice but not all because some information I think it's not works but thank you for sharing. Ending losses will not happen but we can prevent or decrease it because what ever strategy or tips that we use if the coin dump we can lose money. But for the startegy we can use it to start earning money.
Everything is possible for a trader who has the proper knowledge of how to deal with it in different conditions but is impossible for those who are not much enriched with the knowledge of how to trade and understand it. Technicalities when are fully understood by a trader then there is nothing much difficult that can prevent us to reach out at our target. The most preferred strategy is to hold it for bull. When someone is very good at trading skills then they are not going to wait for the bull run since anyone can make profits when the market is bullish and the one who knows how to handle every situation will take advantage of the current market condition and will extract profits from there. No one is ever good in trading skills buddy. Ask most the experienced day traders they will tell you they sometimes experience huge losses but letting go of the loss moments and learning from it is what make them handle every situations. Mind you, it not every market conditions that are good for trading. Why not good for trading? If the market seems bearish then its good time for buying and when bullish its time to sell that is how the trader will react and keep doing again and again will make us to be in profits.
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b3llsf1l3s
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May 22, 2019, 06:18:17 PM |
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1: Have a goal for yourself and a plan to achieve it. you can set your own goals but make sure they are realistic. Like goal to earn $1 Million is realistic but making it in a day or week or even a month is unrealistic.
2: Read Books and journals of big traders A very important step in trading. Its better to learn off from the mistakes of past trader than to commit them on your own. For that read some books. Here is the list of great books for newbie traders. i. Market Wizards by Jack D. Schwager ii. 3. Day Trading For Dummies by Ann C Logue iii. Mastering The Trade by John Carter iv. Technical Analysis of the Financial Markets by John J. Murphy these will help you in finding your trading Style
3: Make your own trading setup and strategy & follow Risk Management: This is the hardest step hit and trial your favourite indicators to find a setup that suits you the most. Don't ever copy someone's else setup whole on whole it's never going to help as everyone has a separate style of trading. Never ever underestimate the need of risk management it is of utmost importance.
Before that, thanksfor all advice you gice in this thread, totally all of this advice is very much appreciated. My opinions about what you stated are 1. I don't think if we plan, i mean every plan will just so easy as you said. yes maybe one or some plan won't run but for me it's just will make us stressed if all plan gone wrong. 2. Yes, basic will be a good way to start especially in trading but it's also use the old method which is sometime today, those trick can't work 3. I think this one is the hardest part, as we know trading strategy is very tricky, i recommend to use 1 strategy for 1 time use. never use the same strategy because the condition wasn't always the same
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zhekinsp
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May 22, 2019, 08:38:25 PM |
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Learning and giving the tips is very simple for everyone but following them properly and executing the right strategy in correct period of time will be the way to success otherwise if you got the Talent to learn and easily teach someone will not give the success for you so it is not important also to become a successful person.
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CryptoLing
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May 22, 2019, 09:38:19 PM |
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I think you should have a copy of this thread on "Beginners Guide" so new trader can apply these method and stop losing money. I never read any of those trading book, thanks for the recommendation I will try to read it for the betterment of my trading skills. Slick thread btw!
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Virtual miner (OP)
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May 23, 2019, 09:17:38 AM |
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Other startegy is very nice but not all because some information I think it's not works but thank you for sharing. Ending losses will not happen but we can prevent or decrease it because what ever strategy or tips that we use if the coin dump we can lose money. But for the startegy we can use it to start earning money.
Everything is possible for a trader who has the proper knowledge of how to deal with it in different conditions but is impossible for those who are not much enriched with the knowledge of how to trade and understand it. Technicalities when are fully understood by a trader then there is nothing much difficult that can prevent us to reach out at our target. The most preferred strategy is to hold it for bull. When someone is very good at trading skills then they are not going to wait for the bull run since anyone can make profits when the market is bullish and the one who knows how to handle every situation will take advantage of the current market condition and will extract profits from there. No one is ever good in trading skills buddy. Ask most the experienced day traders they will tell you they sometimes experience huge losses but letting go of the loss moments and learning from it is what make them handle every situations. Mind you, it not every market conditions that are good for trading. Why not good for trading? If the market seems bearish then its good time for buying and when bullish its time to sell that is how the trader will react and keep doing again and again will make us to be in profits. Not quite true bonker what suzanne said is pretty much correct its easy to say that buy in bearish time but the most difficult task is to identify such time. Which label will you give to the current market phase of cryptocurrencies? Bullish? then why are people entering the market to gain more. Every trader no matter how experienced has to bear some losses. Stop losses get hit almost everyday and this is part of trading you will lose 30% of time and win 70% of time the 20% will be your profit if you are able to sustain in the market with a correct money management strategy.
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guoyu78
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May 23, 2019, 10:11:24 AM |
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Other startegy is very nice but not all because some information I think it's not works but thank you for sharing. Ending losses will not happen but we can prevent or decrease it because what ever strategy or tips that we use if the coin dump we can lose money. But for the startegy we can use it to start earning money.
Everything is possible for a trader who has the proper knowledge of how to deal with it in different conditions but is impossible for those who are not much enriched with the knowledge of how to trade and understand it. Technicalities when are fully understood by a trader then there is nothing much difficult that can prevent us to reach out at our target. The most preferred strategy is to hold it for bull. When someone is very good at trading skills then they are not going to wait for the bull run since anyone can make profits when the market is bullish and the one who knows how to handle every situation will take advantage of the current market condition and will extract profits from there. No one is ever good in trading skills buddy. Ask most the experienced day traders they will tell you they sometimes experience huge losses but letting go of the loss moments and learning from it is what make them handle every situations. Mind you, it not every market conditions that are good for trading. Why not good for trading? If the market seems bearish then its good time for buying and when bullish its time to sell that is how the trader will react and keep doing again and again will make us to be in profits. Sounds so easy, how do you know that the point you are placing order for buy is actually the bearish time, what if the coin you are trading drops and because of your believe that it will rise, you enter trade, but at the end, the coin keeps dumping until you probably lose the trade. Don’t think trading and holding are the same, this method you said is easy for holdlers, but for trading, it is not as easy as you think, most especially for those who are doing marking trading. If they make any mistake to buy at the wrong time without trading their chart, that might really be the end of that trade for them
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pey
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May 23, 2019, 02:15:30 PM |
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Do they ever work in crypto? I mean newbies trade trash tokens with a market cap below $5m and they plan of making money with technical analysis, seriously? Even Bitcoin can be considered as a low market cap asset now.
having a low market cap is not the reason why trading those tokens is a bad idea. the fact that they are purely pump and dump coins makes trading them a bad idea specially for a newbie who is not yet familiar with trading or with the market itself. otherwise if these coins weren't 100% manipulated they could have been good choices. but now you only have to know how to go around pumpers and make your profit before they cash out (aka dump) otherwise you get stuck. ''journals of big traders'' all this fancy words..... investing is no doubt the most risky, most difficult thing. All those people see on the internet teaching investing, forex etc. quotes, videos, e-books. All total bullshit. Let me tell you what you need to be successful in investing, trading and business, you need money! that can keep you in the game even when you fail and make huge loss many times. Hey buddy, all investors have money, but money doesn't guarantee you profit if you don't have any knowledge in trading. journals from experts, plans, and strategies are very important in the final results of trading. Anyway, low marketcaps doesnt mean a bad idea, many altcoin have volumes below 1 btc but have high movements and price increases. the most important is not the amount of volume, but seeing the quality of the project or coin, has potential or not? There are really good projects but I would doubt buying the token. Even those teams try to figure out and develop hopefully token economics. You most of the time actually invest in the team, and I can say that there are only few teams out there that I can trust.
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pundit
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May 24, 2019, 05:50:52 PM |
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Trading is very rewarding and at the same time its very difficult to as stated by thread stater. A newbie makes a good profit in the beginning sometime but after few days of trading all this profit gets washed away along with the principle amount and I think many of us have faced such situation. Trading always need to done with planning, keep all emotions aside which is the most difficult task to do, keep your greed and fear in control, keep trade size as per your risk appetite and accept your losses as well.A planned never stressful. Do not take high risk as market is always here but you equity must be there to take a trade. Never fight with the market, if it is going in opposite direction just accept the loss and keep practicing your trading skills on demo or small account before going live. These are some golden rule to become a successful trader.
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bitcoin31
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May 24, 2019, 08:33:13 PM |
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Literally we cannot end our loses in trading because it is a part of trading and everyone can experienced losing not all the time we are earning money. Because only possible that we can do that is to minimize our losing in trading and this is possible. But for the tips traders can use to start earning to the trading but depends to their taste what they apply and not to theirself.
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Whosdaddy
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May 25, 2019, 10:47:12 AM |
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:)I have seen people lurking around here and there finding someone who can guarantee them great success in trading and help them earn huge profits. Trust me there is no one who is going to help you out personally to earn profits. All the fake gurus out there betting to make you earn are only there to fetch some dollars from you. It is quite a known fact that only 3% of traders are actually able to take money out of the market while 7% remain almost at breakeven. While 90% lose most of their money most of which burn their whole balance. Trading is the most rewarding career as far as I can see therefore is equally difficult too. You can't be a persistant trader in a day or two. It requires efforts of months or even years to become a great trader but here are a few things you should do as a newbie starting off: 1: Have a goal for yourself and a plan to achieve it. you can set your own goals but make sure they are realistic. Like goal to earn $1 Million is realistic but making it in a day or week or even a month is unrealistic. 2: Read Books and journals of big traders A very important step in trading. Its better to learn off from the mistakes of past trader than to commit them on your own. For that read some books. Here is the list of great books for newbie traders. i. Market Wizards by Jack D. Schwager ii. 3. Day Trading For Dummies by Ann C Logue iii. Mastering The Trade by John Carter iv. Technical Analysis of the Financial Markets by John J. Murphy these will help you in finding your trading Style 3: Make your own trading setup and strategy & follow Risk Management: This is the hardest step hit and trial your favourite indicators to find a setup that suits you the most. Don't ever copy someone's else setup whole on whole it's never going to help as everyone has a separate style of trading. Never ever underestimate the need of risk management it is of utmost importance. 4. Make your own Trade Journal: This is the most important step which most of the traders find bouring. See it's utter truth that you will lose a few initial trades but to make sure that you learn from these losses make a trade diary. Record every trade including the reason you traded it and result along with the reasons of failure. This will help you not to repeat the same mistake in future. 5. Do trading regularly in a disciplined way: No one has ever built up a monument in a day. So it takes time to build a great portfolio but just a few days to destruct one. So keep your risks low and trade everyday here is something that can motivate you. With an account of just $100 if you profit everyday at a yield of 2%(which is pretty low in these volatile markets) you will have a portfolio of $3500 in 6 months. That is 35 times return and compounding just never ends so try to keep your daily targets and try to achieve them too. Here are links of some great sites that can help: 1. https://www.tradingview.com/chart/GBPUSD/B3HvNCh4-Power-of-100-trading-plans-review/2. www.zerodha.com/varsity3. https://www.tradingview.com/chart/BTCUSDT/kestHGNN-This-is-Why-Beginner-Traders-Lose-Their-Capital-1-No-Strategy/4. https://www.babypips.com/learn/forex/Here is a graphic which truly depicts trading ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingsetupsreview.com%2Fwp-content%2Fuploads%2F2013%2F12%2FDay-Trading-Rules-That-Work-704x396.png&t=665&c=w89fnd-3xR53Ew) PS: You may share your love with merit. I will bring more tips for intermediate traders soon. Sometimes, listening to the advices is really good but when you're in actual it is really hard to do it on your own especially when you are already at lose moment how can you apply the so called "control your self" when you feel like giving up in crypto because you lose big amount of your whole assets. That's why I am now believing that if it's your time to win you can win it no matter what. Yeah, trading needs so much effort to think and knowledge on chart and market is a must but look even though they predict something about the price it is really good when the price goes to what they want but in the end all was hoping that their speculation is right even there is big possibilities that it will not go according to what they think. I really feel you ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I have lose big amount of money in trading hoping that the price will go up again just like crypto currencies do last December 2017 but I m failed it turns me to give up in crypto it takes a lot of months when I am still thinking my lose. I can't move on sometimes if it is accidentally that it comes in my mind again I feel so hurt but thats life no one knows what we are and what we will be in the future. So, I must go with luck instead. If you feel you have lost your investment to declined value, I think you have not completely lost it which you should not be sad about because you will surely recover it once bitcoin goes back to its ATH which it will sure do, except you tell me you have lost money to margin or leverage trading which I am indeed sorry for you because you can’t recover that again. Well, we cannot all do more than our capacity, time to move one and probably just stick to holding which is more reliable because no matter the decline, the coin will surely rise back and far more than our investment capital.
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Babyrica0226
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May 26, 2019, 11:14:36 AM |
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This is my tips and advise for the newbies, the first thing you should do first is as yourself first for the question like this. Are you willing to take risk? because bitcoin or crypto world is like a gambling game when you are in the actual trade. Then, have a goal target, Read books telling about trading whether it is Bitcoin or crypto, then how much do you want to earn for this month? With this methods you will find out in the end the outcome of your choice anyway.
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Cherylstar86
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May 26, 2019, 01:07:05 PM |
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This is my tips and advise for the newbies, the first thing you should do first is as yourself first for the question like this. Are you willing to take risk? because bitcoin or crypto world is like a gambling game when you are in the actual trade. Then, have a goal target, Read books telling about trading whether it is Bitcoin or crypto, then how much do you want to earn for this month? With this methods you will find out in the end the outcome of your choice anyway.
It sensibly a good idea mate, beginners must peruse the methods of what field they have penetrated. Having wisdom on dealing trade can create liable strategy that can defeat from loses and have to be risk taker for every consequences. Thus, I believe that no one can end from loses because luck will always lead a way either to lose or succeed.
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