3 things should not be too in trading

[gmreal1]

From my experience day-trading with leverage is really hard and I don't see much value in it. The risk is too high, although with crypto you can have really good gains if you spent your whole day on it.
Watching the 5 minute and 15 minute candles is pointless. 4 Hour, daily and weekly give you a clear insight instead.
This is how investments happen. You can't buy the absolute bottom or short the absolute top unless you put thousands of orders.

[carlisle1]

It's healthy. I have seen many traders who trade and make similar mistakes or apply clear and correct strategies. It's all individual. The only thing that I realized, you need to understand this well and use only part of the capital that in case of failure you are ready to lose.

in short "invest what you can afford to lose "as all of the seniors here says about,never to greed to earn because this is the only reason that our strategy sometimes broken

I think the best thing you could do is , first use a good bank and then add it with your trading account this would help you a good deal when you need to incash timely , because when you are trading you have to actually be ready for anything , sometimes the government might change its policies and you would need to encash the amount in a very small amount of time and I think that helps a lot .

actually some friend advised me this but since i already stopped trading i didn't bother to check how it works
having Bank for trading ,i think since i'm considering to try my luck again all the tips in this thread will be helpful ,Bookmarking for reference

[maydna]

You can add more for ourselves. Chasing the profit without having skills will be another thing that should not be at trading because if you don't have the skill, it's too difficult for you to get any profit in one trade or more trade. Trading too much will not be recommended even if that trader knows how to trade, and they need to prevent a big loss. It is better to trade with some money, not too big and not too small so you can only buy for the right coins because your chance to make a profit will bigger.

[Miklight88]

lots of skill in the way up but many dont have what its to trade rather than holding but wish to be buying low and sell hinlgh but end up buying high and sell low and all require is skill to be able to determine when you can buy and sell .

[DabsPoorVersion]

You could have added more on that list.  

1.  Don't trade while your drunk.  Trading in an optimum condition of a body is already hard what more when you are not in the proper state of your mind.  Being drunk while trading can incur severe lost of funds.
2.  Don't trade when you are too emotional.  Same thing as drunk, being emotional gives you a biased judgement.  Sometimes it beats rationality that may affect your trading strategy and cause losses.

Indeed, it is not healthy for an individual investor if he is not in his proper state. Trading requires clear mind and wise decision making to prevent the unnecessary investment or moves. If you are not in your proper mind, this will lead you on losing your investment.

[alexsandria]

I agree on many points you have mentioned. I just wanted to remind those new and young traders. Surely there will be tough times where you will lose much money, but don't let that hold you back. Experience will be your sword here. Yes maybe the post have mentioned some techniques but we have our own techniques that works on us, and patience is needed for us to find that out.

[Genemind]

I have read your three point list and there are some correct items on it but let us generalize things. Every trader has its own techniques and style in trading and in their way its either they gain profit or lose. There are no perfect strategies or totally wrong choices in trading since everything is determined by the market. Some players are attuned to trading in huge volume while some are not, this is  just an example about the uniqueness of the trader. So in the end the most important things that a trade should have is knowledge, skills and experience and as long as he knows what he is doing.

The most important thing is that you understand the trading and no not depend upon signals or trading social media groups. At the beginning of my trading career, i used to listen a lot of you tubers and follow their signals n advises. That's was the biggest mistake i did. They ask you to buy a coin which they already have bought, and then they dumb on you. So if you want to trade, be self sufficient and do not depend upon other signals. The best is to get some training on understanding the trends, bars etc and do trading yourself.

I also experienced the same thing when I was starting with trading. I relied everything on signals and technical analysis of others which caused me uncertain losses. I have learned from that so I did the same thing. I studied the basics of trading and applied the simplest strategy which is to buy low and to sell high. Sometimes, we should make decisions firm on our own. We must have the eagerness to learn everything about crypto trading and must not depend on the speculations of others.

[cutesgirl]

I have best way how to get profit with your money in trading with low risk, if you have much money never put in one altcoin kind only, example if you have 1 BTC never use for buying or trading in one altcoin kind, but use for trading with five or ten altcoin kinds because when your one altcoin trading lost could take recovery for other altcoin.

[DaftAjax]

I have best way how to get profit with your money in trading with low risk, if you have much money never put in one altcoin kind only, example if you have 1 BTC never use for buying or trading in one altcoin kind, but use for trading with five or ten altcoin kinds because when your one altcoin trading lost could take recovery for other altcoin.

I understand your point, but your method is just one of many, and to be frank, it's not always "the best" method.

Yes, your method may be the safest route but think about traders who can afford to risk large amounts and preferably gain larger amount. Spreading your trades to altcoins(mostly shitcoins) that don't even have the potential to be a catch is just a waste of money and time.

I'd say be active in the charts and make your decisions to where your investments will go, AND don't spread too much, why(?), because you may have greens in your transaction history but only gains little, you may as well invest in a more profitable one.

[dimonstration]

Some do trading without setting too much rules and some do it by having rules, some watch the market all day long and some just pick hours to do it. It depends on our understanding, capability and circumstances when we do trading. I don't do much trading now but when I do I only set amount where It's realistic that it will reach that amount and not being too greedy since I missed lots of opportunities before when I follow too much indicators and pressure myself in reaching certain amounts. We will all learn from experience until we realize we just able to do it without pressure and accepts the amount gain or loss.

[Clark05]

I have best way how to get profit with your money in trading with low risk, if you have much money never put in one altcoin kind only, example if you have 1 BTC never use for buying or trading in one altcoin kind, but use for trading with five or ten altcoin kinds because when your one altcoin trading lost could take recovery for other altcoin.

Smart traders do this because as a trader I have a lot of altcoins because they have some altcoins who dump but the other is not or stable or maybe it increased.

I believe every traders have different techniques and startegy in trading depends on what is works on them because maybe the startegy of them is not suitable for me and my startegy is not works them so better to make experiment what strategy is best.

[matchi2011]

short-term trading with scalping techniques, I am among those who like scalping techniques when trading on forex, techniques like that if applied properly very quickly bring in profits, but I am not that good at managing money, all I think about is profit and profit, without thinking about the risks, and when there is high impact, profit for a week will expire in a day..  

Scalping always have a high risk since you are not sure about the possible movement of the market. It's needs a solid understanding and a good skills to anticipate the price movement, in a small percentage of growth you are capable to earned decent. Having a good trust with your own understanding and combined it with the situations will guide you to make strategy that will work inside the market.

[semobo]

These three things should now be done? Or should be done?

I feel these things should be done by a trader if he is aiming for ultimate profits,trading too much can increase the rate of making profit if he is doing trading in the right way.

Trading with high capital can give huge profits in a trade,no need to worry about trading too much.

Get to know about many strategies is also good thing.

[DaftAjax]

These three things should now be done? Or should be done?

I feel these things should be done by a trader if he is aiming for ultimate profits,trading too much can increase the rate of making profit if he is doing trading in the right way.

Trading with high capital can give huge profits in a trade,no need to worry about trading too much.

Get to know about many strategies is also good thing.

I don't know why you have to put "literally" spaces between your sentences, rather than viewing your intention to be clean or to be read clearly it kinda looks messy instead.

But anyway, trading with large capital also gaining large amounts isn't always the case. Trading too much as the OP is pointing out can lead to psychological breakdown if traders experience even the slightest loss on their trade. So, Trading with regulation is probably the best option, eventually, I think trading lead to addiction.

points one and two are a concern because in trading it doesn't have to be a large amount, we can start with a small amount of capital and also we can do it slowly. because many people who do not have good methods but try speculation trading with a large volume and also a large amount, this is causing losses.

Not entirely correct. Trading with a small amount of capital isn't worth it at all if your intention is to just test methods of trading then why bother being it on a small scale(?) when you can always have a large amount with a small amount to trade.

[lemipawa]

Know too many methods

I don't see anything wrong with knowing too many methods. For me, if I use 2 to 4 methods to test if the result of the first method that I used and the second method is the same.  We all wan't to make sure that we are doing the right thing when we hit the Buy/Sell button and especially we want to avoid mistakes.

[NathanJB]

Everything "too" is not good. That is too much. A moderate of everything is the best. Anything too much is that which cannot be handled smoothly and properly. You cannot bite off more than you could chew, that is the wisdom behind it. You trade too much, you cannot monitor all of them properly and with careful focus. There is a probability that you will miss something. You buy too many coins, there is a probability that you cannot update yourself regularly of their developments and you will just wake up one day with some of your coins dropping double digits in price. Trading too much amount is taking too much risk. A loss will also be too much to handle emotionally afterwards.

[googs84]

too much volume has been the biggest enemy of traders. Volume can lead to artificial pump and dumps which can really take away money from retail investors. Newbie traders should try trading only in securities which don't have much volume around otherwise there can be a lot of problem.

[AicecreaME]

Trade too much

To be real there are many traders who loves doing multiple trades and at multiple coins too, it just depends on the person if you can handle the pressure and a lot of time for those trades. Yes, it is really hard but trust me it will be easy if you love doing multiple trades and trading many times a day.

You have to be skilled first before anything else, and then you could manage every situation where you at in Trading, all of it. Skills are your strong fortress that will help you in gaining profits in the process. I have a friend of mine who is a professional Trader, he do Day Trading and what I stan about him is he don't care about how much he lost in a day, he only cares how he could take it back the next day and double it, and it help me realized that skills will give you confidence and you could overcome any hard situation in Trading.

[iMark]

too much volume has been the biggest enemy of traders. Volume can lead to artificial pump and dumps which can really take away money from retail investors. Newbie traders should try trading only in securities which don't have much volume around otherwise there can be a lot of problem.

I dont think too large volume is a problem, precisely a large volume will reduce the risk of scams and price manipulation. if you trade on altcoin that has a small volume, they will be very easy to manipulate and very easy to reach very low prices and even collapse. I think large volume is not something to be feared, in fact many investors prefer to invest in top of marketcaps (biggest volume) because it proves to be more profitable.

[Mahanton]

Trade too much

Anything should really be on moderation because exhausting yourself wont do any good not only on trading but in all sorts
of things you are engage into.Stressing out yourself will really lead into mistakes and loss.

The trading volume is too large

Always consider on a strict fund management if you dont like for your capital to be easily blown out.
Plan accordingly and carefully on each entry and exit you would made.

Know too many methods

It isnt really bad to have many methods because you can test out which one would fit out on said situation but
i agree to this point that it will really just give out confusion if you do keep on make alterations with your trades
on which one you would use or consider.