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Author Topic: Tools to improve your trading  (Read 824 times)
WickCrypto (OP)
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September 30, 2019, 06:36:27 AM
 #1

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a


Let me know what you think, and if there's something else I should try.
jmigdlc99
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September 30, 2019, 07:55:28 AM
 #2

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a

+1 for tradingviews ideas.

I've been lucky enough to avoid crashes and ride bull waves because of the indicators "experts" share on tradingview. Some may say it's poor strategy to simply rely on other people's opinions but when you don't have enough time to learn how to be a trading genius, reading lots of opinions from other people may be enough to save you from ruin.

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ajochems
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September 30, 2019, 08:42:05 AM
 #3

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a


Let me know what you think, and if there's something else I should try.

Not only trading tool will help you to reach your goal. You need to act wise by gaining trading experience. Experience made a major role in trade. Because you should know where to hold and when to sell. You know to know the correct time to buy the cryptocurrency. If you made all this correct, surely you will get profit



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Ararbermas
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September 30, 2019, 09:10:21 AM
 #4

It's still useless if you rely on it.. because trading is all about knowledge and self discipline wherein even you use any of that tools for sure no progress will happen. Actually trading is very simple manner  only when it come gaining profits.  What i mean without cheating or something like that. Only knowledge is enough in my opinion and being have a wise decision always when buying a coin in the market. That's all.. 
Beparanf
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September 30, 2019, 10:30:25 AM
 #5

While it is good to have tools, it should be in our priority too to read updates of the current situations of the market and listed coins. Though they're too many, thru experience and determination we will be able to analyse and know our pros and weakest as we started doing it, we will know if it's just hype or because of the project development, we will be able to limit ourselves in those have potential, we will be able to master it and still earn even the market isn't in good position that time just learn to determine a good coin or project by reading each project updates.

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1Referee
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September 30, 2019, 10:54:41 AM
 #6

While it is good to have tools, it should be in our priority too to read updates of the current situations of the market and listed coins.

You'll notice before the delisting announcement that something is about to happen, because most exchanges dump their stash first, then after that announce the delisting, and then there is another wave of selling going on because of people panic knowing that their coin will be delisted. In other words, there is time to anticipate on that second wave if a coin gets dumped down a lot out of nothing.

Insider trading has become so common that most traders already adapted and now use that to their advantage, because it's almost a guarantee that a second wave of selling will happen.
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September 30, 2019, 11:20:05 AM
 #7

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a


Let me know what you think, and if there's something else I should try.
I think you should for Trading experience because this is one of the most important fundamentals you should have since this is where you learn. Every mistake you make count as an experience and you'll learn how to deal with this.
I like the Tradingviews of yours, because it will be additional knowledge in dealing your trade. Some other says getting ideas from others is bad idea but for me it is important because they know what to do, they have been here in industry for such o long time so they know what is right and what is wrong.
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September 30, 2019, 01:53:20 PM
 #8

I use Bitmex quite often, and the tool I use most often would have to be antiliquidation.com- it's a great calculator that allows you to figure out your position size, leverage and return/risk based on your capital and the amount of Bitcoin you're willing to risk. Really helps you keep things exact and helps you keep risk to an amount that you specify, and There's a checklist that is listed on the right side to help you out as well. If you're correctly using this tool, you'll likely never be liquidated again (you should be using stops anyways on a leveraged trading site anyways).
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September 30, 2019, 02:04:59 PM
 #9

It's still useless if you rely on it.. because trading is all about knowledge and self discipline wherein even you use any of that tools for sure no progress will happen. Actually trading is very simple manner  only when it come gaining profits.  What i mean without cheating or something like that. Only knowledge is enough in my opinion and being have a wise decision always when buying a coin in the market. That's all.. 
I agree with you all the tools will useless when you have unknowledge about trading basic it self, but all the tools specially tradingview will help trader to learn more about trading.
When I want make progress in my trading it is necessary to analyze every prediction and analysis from expert for reference my decision.

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voltesbit777
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October 01, 2019, 03:06:18 AM
 #10

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a


Let me know what you think, and if there's something else I should try.

I'm not quite familiar with the tools you've mentioned at the above dude, Binance and kucoin are the most I used to make an actual trade, and I always depend or what is happening in the actual activity on trading. Though, when, I checked the chart given on the link on tensorcharts Bitcoin goes up but not quite enough for me to say its a good sign because this tool is not 100% can give to improve
our trading skills. I hope no offense mate.
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October 01, 2019, 04:01:32 AM
 #11

good to see there is an alternative to look at such as TensorCharts, wouldn't your computer hang forever when you open both tradingview and TensorCharts?

100eyes Crypto Scanner is something new that we can also see RSI Bearish Divergence. cool thing, the candle sticks says different to what RSI indicates. how sure we when we see news in that cryptopanic? the name itself is making me panic right after knowing it.



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October 01, 2019, 05:10:08 AM
 #12

Tradingview is more than enough for a any trader to track all the price charts with indicator but it is for tracking but we also can use the trading bots to automate the things little bit and increase the convenience of trading life.
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October 01, 2019, 05:45:06 AM
 #13

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a


Let me know what you think, and if there's something else I should try.
Tradingview is the most useful site in terms of charting,  there are a lot of people who using it because of the effective tools that we can use like Fibonacci retracement and especially trendlines.  But the most effective strategy that you can use in order to improve your skill is by gaining experience.
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October 01, 2019, 06:27:29 AM
 #14

I always love seeing additional websites wherein I can expand my knowledge and additional tools used in trading. But what I always use is the tradingview, been a t.view user for quite some time now and I must say it never failed my expectations.

I'm not familiar with tensocharts but I am starting how to use the site. I appreciate you shared some list site for us trader who wants to explore new tools for trading. And 100eyes cryto scanner is really helpful, I am.looking for indicators from the other site aside from trading view and I found it in 100 eyes scanner.
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October 01, 2019, 06:46:25 AM
 #15

Add https://coinalyze.net to the list  Wink
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October 01, 2019, 07:51:00 AM
 #16

Tradingview is more than enough for a any trader to track all the price charts with indicator but it is for tracking but we also can use the trading bots to automate the things little bit and increase the convenience of trading life.
If you’re a busy trader i also suggest to use bot on trading but make sure you know how to set up the prices and you know how to use it. Tradingview is great for beginners and its east to use. There are so many tools to use for, so your trading skills will only depend on the effort you put into yourself.

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October 01, 2019, 08:16:57 AM
 #17

all tools could be useful but none of them are ever useful if the user has no experience in trading itself. and the problem nowadays is lack of experience in trading. people are jumping in thinking they can make money in something they have not even done before. in fact most of these tools could be misleading if used by inexperienced users. for example the tradingview ideas has a lot of nonsense in it too where people just draw random lines and expect them to be true. a newbie would think it is correct and can make bad decisions.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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October 01, 2019, 08:35:42 AM
 #18

wow this looks quite interesting
I usually only rely on coinmarketcap and bitcointalk, or follow the hype on Twitter
but maybe it's still too difficult for beginners to use it

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October 01, 2019, 11:43:25 AM
 #19

When it comes to finding tools in trading, you should always know its advantage and disadvantage in the market. I use tradingviews and 100eyes crypto. Tradingviews is always helpful and is easy to use rather than any tool in trading. It is the most efficient for me when it comes to security and precision.

While 100eyes crypto scanner is always updated and very accommodating too. Just make sure that when it comes to trading, we should be knowledgeable, wise, and disciplined enough when having a BTC transaction in the market. Good decision making is always the key in crypto.


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October 01, 2019, 12:10:46 PM
 #20

all tools could be useful but none of them are ever useful if the user has no experience in trading itself. and the problem nowadays is lack of experience in trading. people are jumping in thinking they can make money in something they have not even done before. in fact most of these tools could be misleading if used by inexperienced users. for example the tradingview ideas has a lot of nonsense in it too where people just draw random lines and expect them to be true. a newbie would think it is correct and can make bad decisions.
True story yet these technicals cant really be easily understood or to be read up by people who dont even know on what are the basics or doesnt even know
on how to read up a single chart even those numbers.Its true that there were even troll post and analysis given out by random people and if you dont know which
one is serious and which one is troll then thats the hardest part and you are just making yourself lost up money because of following those things.
Im not saying professional technical analysis are precise but they are much more better than on random ones.

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