HB Wallet (OP)
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September 20, 2019, 09:10:17 AM Last edit: September 22, 2019, 07:59:07 AM by HB Wallet |
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3 words about this article: detailed, straightforward & (very) helpful. If you are a freshman or a freestyle trader looking for good advice in the crypto market, we hope this guide helps.
https://medium.com/datadriveninvestor/a-guide-to-crypto-trading-7f37ee7e4c17
In summary, the key factors that can help you become a high-profit trader:
- Choose a reliable trading platform - Have a decent trading strategy - Keep your capital safe is the most important - The 1% rule - Know how much you afford to risk (Position Sizing and Risk Management) - Avoid fear and greed - Don't let your emotions dictate your trading
For more details, you can go over the article above. Feel free to give your thoughts and share your experience on this topic. We strive to provide our community with good and practical advice.
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ArmyJune
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September 20, 2019, 09:33:56 AM |
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Thanks for sharing this. Very helpful for a random trader like me. Hope there are more things I need to learn from people in this forum, in addition to this article.
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The3max
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https://leasehold.io/
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September 20, 2019, 09:35:48 AM |
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Luck is always necessary for a trader. Besides, the calm and trading strategies also contribute to making a profit.
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Crypt0BHunter
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September 20, 2019, 09:37:49 AM |
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Thank you for the valuable information, definitely will study and take actions on the practice
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passwordnow
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September 20, 2019, 09:43:11 AM |
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In summary, the key factors that can help you become a high-profit trader:
- Choose a reliable trading platform
Exchange does matter, use a known and reputable exchange. Don't settle for those exchanges that just came out, our funds are safer on the established ones. - Have a decent trading strategy
- The 1% rule
I think these two shall be merge. The strategy of 1% rule but you can also make it up to 5%. The other strategies are correct. I don't have anything to add but simply remember that trade what you afford to risk.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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HB Wallet (OP)
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September 20, 2019, 09:44:56 AM |
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Luck is always necessary for a trader. Besides, the calm and trading strategies also contribute to making a profit.
Agreed. Luck is very important, but I don't think that is the long-term key. Learning and having good skills will do.
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HB Wallet (OP)
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September 20, 2019, 09:46:32 AM |
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In summary, the key factors that can help you become a high-profit trader:
- Choose a reliable trading platform
Exchange does matter, use a known and reputable exchange. Don't settle for those exchanges that just came out, our funds are safer on the established ones. - Have a decent trading strategy
- The 1% rule
I think these two shall be merge. The strategy of 1% rule but you can also make it up to 5%. The other strategies are correct. I don't have anything to add but simply remember that trade what you afford to risk. Thank you for the opinion. Very appreciate.
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HB Wallet (OP)
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September 20, 2019, 09:48:06 AM |
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Thank you for the valuable information, definitely will study and take actions on the practice
Ur welcome friend. Hope you succeed in this field.
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landoffaucets
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September 20, 2019, 10:52:12 AM |
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Now it doesn´t matter if you are skilled in trading or not. Thanks to all trading bots and social trading platforms people can earn also when they do not anything about trading.
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HB Wallet (OP)
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September 20, 2019, 03:01:03 PM |
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Now it doesn´t matter if you are skilled in trading or not. Thanks to all trading bots and social trading platforms people can earn also when they do not anything about trading.
I see. But can you be more specific about the pros and cons of using trading bots? Do they actually work in every situation? I mean bots can do a lot, but they can’t factor in fundamental analysis, breaking news, insider knowledge, FUD and FOMO etc. that make markets move.
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Samayuki
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September 20, 2019, 03:14:54 PM |
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3 words about this article: detailed, straightforward & (very) helpful. If you are a freshman or a freestyle trader looking for good advice in the crypto market, we hope this guide helps.
https://medium.com/datadriveninvestor/a-guide-to-crypto-trading-7f37ee7e4c17
In summary, the key factors that can help you become a high-profit trader:
- Choose a reliable trading platform - Have a decent trading strategy - Keep your capital safe is the most important - The 1% rule - Know how much you afford to risk (Position Sizing and Risk Management) - Avoid fear and greed
For more details, you can go over the article above. Feel free to give your thoughts and share your experience on this topic. We strive to provide our community with good and practical advice. Aaargh! i am sick and tired of people posting about how to be a good trader and all they could say is to have a decent trading strategy, we are here to learn and learning that strategy is why i am here so why don't you just drop us a trading strategy you are used to?
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HB Wallet (OP)
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Activity: 156
Merit: 14
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September 20, 2019, 03:33:26 PM |
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3 words about this article: detailed, straightforward & (very) helpful. If you are a freshman or a freestyle trader looking for good advice in the crypto market, we hope this guide helps.
https://medium.com/datadriveninvestor/a-guide-to-crypto-trading-7f37ee7e4c17
In summary, the key factors that can help you become a high-profit trader:
- Choose a reliable trading platform - Have a decent trading strategy - Keep your capital safe is the most important - The 1% rule - Know how much you afford to risk (Position Sizing and Risk Management) - Avoid fear and greed
For more details, you can go over the article above. Feel free to give your thoughts and share your experience on this topic. We strive to provide our community with good and practical advice. Aaargh! i am sick and tired of people posting about how to be a good trader and all they could say is to have a decent trading strategy, we are here to learn and learning that strategy is why i am here so why don't you just drop us a trading strategy you are used to? Err this is just a summary :\ That's why I said that you should go over the article for more details.
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pooh95
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September 20, 2019, 05:59:41 PM |
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Now it doesn´t matter if you are skilled in trading or not. Thanks to all trading bots and social trading platforms people can earn also when they do not anything about trading.
I completely agree, but you should know how to set up a bot, and at least an understanding of the market is still necessary.
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ArmyJune
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September 21, 2019, 03:15:04 AM |
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Now it doesn´t matter if you are skilled in trading or not. Thanks to all trading bots and social trading platforms people can earn also when they do not anything about trading.
I completely agree, but you should know how to set up a bot, and at least an understanding of the market is still necessary. Agree. I dont think people should use bots if they know nothing about trading and the market.
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terrorJR
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September 21, 2019, 04:34:10 AM |
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These are useful tips for a trader, but without experience in trading, they do not make sense. Experience and luck are the best friends of any trader.
So the experience must be plunged first in trading lots of good tips but I think there are still other additions because there are many things you feel when trading.
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cosmofly
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PrimeDAO - An Adoption Engine for Open Finance
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September 21, 2019, 04:56:59 AM |
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I'm sorry but I am a holder. I think it is not right for me to be confined in the charts, I feel that I am stressed when my strategy is not right. But anyway, these tips help me in making better hold strategies. Thanks so much for your positive contribution.
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ArmyJune
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September 21, 2019, 06:03:57 AM |
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These are useful tips for a trader, but without experience in trading, they do not make sense. Experience and luck are the best friends of any trader.
So the experience must be plunged first in trading lots of good tips but I think there are still other additions because there are many things you feel when trading. Can you tell me what those feelings are?
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passwordnow
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September 21, 2019, 09:36:00 AM |
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Thank you for the opinion. Very appreciate.
You are welcome and thank you too for making this kind of simple guide but has a sense. I think I have something to add now and that is don't be too much emotional when you trade. Catching your feeling can do bad to your trades especially if you are dependent to your emotion. I have friend who traded before and he has sold every bitcoin he has because he felt bad that the market was bad at that moment.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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HB Wallet (OP)
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September 22, 2019, 07:58:04 AM |
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Thank you for the opinion. Very appreciate.
You are welcome and thank you too for making this kind of simple guide but has a sense. I think I have something to add now and that is don't be too much emotional when you trade. Catching your feeling can do bad to your trades especially if you are dependent to your emotion. I have friend who traded before and he has sold every bitcoin he has because he felt bad that the market was bad at that moment. Agree. Don't let your emotions dictate your trading. I will add that on my list too. Thanks!
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benycoin
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September 23, 2019, 02:36:40 PM |
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Although it is very good advice, anything can happen in trading and despite the extreme caution, it does not suffer from losses.
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