A good advice for every traders.

[joeperry]

A good advice I can give to everyone is to make trades using your heads and not using your emotions and read and watch more to learn more. I've been trading way back I may say that I'm really noob that time all I know was if I saw a large red that's a great time to buy and it keeps going down and I obviously panicking and selling it at its lowest which is very dumb, the good thing is that there are some free courses and articles that you can use in order for you to step back to the game.

Now I know some of the basics and intermediates in trading and so far I'm earning a little unlike before that I literally doing shits to my assets. 

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[panganib999]

"Invest only what you are afford to loose."
This was the first advice I had got from my teacher and will tell the same thing to everyone whose trying to start trading in any manner.

Go with your instincts. Logic is not perfect.

Actually, the first requirement before investing or trading is an actual amount of money ranging to a specific minimum amount to a maximum one before knowing what the basics are, because you can't do a trade by just knowing how to do it and what are the things you need to know about it, in the end the money is the first thing you should have here. If you are a beginner use only the amount you can afford to lose for less disappointment if ever you failed or do it wrong. Your experienced doing it will become your teacher for future trade, but if you still unlucky and doing it unsuccessful you need to seek for learning and advice to those who excel in trading. It is not only about  buying and selling of goods and services but also on what you can contribute to your party and society. Do not stick on what is happening today, see also what might happen in the near future. If you are brave enough to take a risk always give your best shot everytime you trade. Your mentality will be your great weapon to your success.

[Barbut]

Most of the people see the profit, they don't check what experienced traders have to say, they do that only after they lose some money. I was like that in the beginning too, we all were probably. There're many good pointers for newbies who wish to trade. If I can give any advice that hasn't been mentioned is that newbies should take it easy when they start with trading, to not rush for profit. Spend more time observing the market, less time in trading.

[Subbir]

Great idea record the reason when you open trade, I will start today recording why opening a trade I agree with you everyone should need to do record his/her trading for accurate his/her trading strategy.

Well, I accept as true with you that we should always act cautiously within the workplace additionally to recording work we should always keep a backup subfile because we will easily recover errors if they're lost or lost. Also I totally accept as true with your argument.

[pearnapple]

Personal logic with business logic must be one-way. If we don't manage to make the smart trades the losses are going to be massive and the wins will be tiny. You have to keep a close record of your trades and make sure you don't get stopped out in these massive fields of chopiness. You have to stick to your strategy if you trust it and have good money management.

[atjiat]

Personal logic with business logic must be one-way. If we don't manage to make the smart trades the losses are going to be massive and the wins will be tiny. You have to keep a close record of your trades and make sure you don't get stopped out in these massive fields of chopiness. You have to stick to your strategy if you trust it and have good money management.

I believe that a professional trader does not have any problems with analyzing his transactions and in general with practice.  Personally, I am constantly questioned by certain actions or plans, because I still do not have much experience in cryptocurrency trading.  Even when mastering scalping technology, I very often doubt the decision on which graphs to pay attention to, on the graphs of 30 minutes or one day.  Although for the most part it depends on the chosen coin.

[rxalts]

While this method isn’t the most “efficient” way to trade and maximize profits, I believe this method allows you to have the best win percentage:

1) keep your long term bags in cold storage regardless of price action unless it lambo moons and it’s time to sell
2) keep your “play money” on a leveraged exchange and play the market each day or week as you truly believe it will play out

By following these rules: you won’t miss out on a lambo if your long term bag pops but you got caught trading it and ultimately you won’t be biased on your trading funds because of your lambo bags which will allow you to win more and at a higher rate if you use leverage.

Beating the psychological barrier to trading is the ultimate key to success. Hope this helps somebody like it has helped me.

[chip1994]

Actually, I'm trying to use my new trading strategy. I use 24 tools on Investing.com and its correct rate is quite high. the indicators and analysis have been reported by them on their website, my job is just to see and see more buy signals I will buy or vice versa. My job now is to manage capital well and sometimes I have to look at the chart to know how much it grows and profit after that. I think this is a pretty good method and it will save you time. I currently have a 3.3% profit on my $ 500.

[MWesterweele]

For every single trader, these are very basic logic, if you don't do any of these you've been doing very wrong so far. I agree with every single step OP has talked about because these are basically the most important trading parts, without any of them you're looking at a trading that has no purpose and you'd never know what to do with your next trading since you haven't learned your lessons. So do these things but don't think they're going to be enough, they're just the most simple naked stuff you've got to do without putting anything on top of it, you're doing these things but then you're adding what you're doing and making it better and better the more you're dealing.

This is a very good advice. Having a mistake and having a loss in trading is inevitable, we cannot stop that thing to happen but we can minimize it soon , as long as we know how to trade and we understand the market. We need to learn in order for us to minimize the losses . We need to take risk in everything so that it could be a good lesson to us, whether we lose or we win.

[Subbir]

One way technique for trader always use your money for investing with several potential coin and never invest and hold only with one coin, I think if you have 1 bitcoin you can invest several altcoin kinds and use 0,1 btc each your coin investing, maybe take worth for getting profit and stop lost when your coin assets not reach with higher price.

combining to invest in some potential coins can certainly vary the profits we will get. the profit we get from trading will indeed be better used to buy back some potential coins so that it can be interesting to multiply the bigger profits

That is one of the major aspects we should consider it in trading, after making some profit we should hold them and look out for the other best coins which we can buy them when their prices are low, in this way, we can average them to make bigger profits in the market.

Yes we all got to be considered when it involves business, but what's most needed is the catch you've got to figure to regulate your emotions you ought to always attempt to hold on to trading because nobody can say when a currency will rise. There are many folks who don't believe holding. a piece of honest advice for each trader is to research and trade in different places.

[Kurokonobasuke]

In the world of trading, many professional traders are also have their mistakes in trading even they know the trading logic. The digital currencies are intangible so that we can't control the price in every rate, once we input our money in trading platform we can't control it. Since we trade digital currencies they are also volatile and can change the value of currencies it may go up or down from time to time. So that even we know the way in trading platform we need to take a risk always, because we don't know if the price will go up rapidly.

[Spider A4]

"Invest only what you are afford to loose."
This was the first advice I had got from my teacher and will tell the same thing to everyone whose trying to start trading in any manner.

Go with your instincts. Logic is not perfect.

From your submission above you strongly believe that what ever trade you place you have a mind that you will lose your trade. If truly that if what you were thought and you believe it then you are trading like playing gambling.

And you should stop go and find other investment since you are not confident with what you are doing. Though, the message is right invest the amount that you can afford to lose and forget so in case you mistakenly choose your position and things didn't materialize you can easily go and find another to try your luck once again.

This tricks is recommendation by every experienced traders for beginners because money management and risk management must be follow in trading does not matter beginners and professional traders. Crypto mentor is needed but not necessarily to someone physically helped you, specially for your supports youtube,blogs,books.

[spike420211]

To understand whether your logic works or not, you simply have to analyze your actions in a long time frame. It will be very useful to keep a history of your thinking at the time of opening and closing deals.
Your brain constantly analyzes incoming information, therefore, in the process of the transaction itself, your decision may change several times due to new incoming data.
But most of this data is white noise, which interferes with thinking and is confusing. The analysis methodology will help to identify the right thoughts that help you clearly identify your correct actions
and thoughts of parasites that lead to errors and increase the error of your calculations. After analyzing your actions for a certain long time, you can say what you are doing right and what not.
As far as I know, a very small number of traders are engaged in such things.

[Janation]

It is important for investors to remind always, as a crypto member, it is always our moral obligation to at least help each other as we also don't want someone to be a victim of scam or any kinds of fraud.  We've been there before and with the help of other people, we learned, if not for other people maybe we are still investing in new projects, trying and trying our best.

That is the reason why we should be sharing some of those here.

A lot of people are creating a thread here about these scams so investors should be wary of the dangers they have in investing in cryptocurrency. Another thing is that it is common in this market so we should be extra careful. As an investor, before we put our money into risk, we should know what risks are we taking that is why I am always talking about investors should always read and never stop gaining more knowledge about this.

[fib1012]

Thanks for sharing your experience you have suggested very good points and most important to me is your 3rd point to take profit and and stop losing any further.

Best of luck.

[carlisle1]

Thanks for sharing your experience you have suggested very good points and most important to me is your 3rd point to take profit and and stop losing any further.

Best of luck.

that is how a non greedy trader does,to keep profiting because the most problem of the investors is looking for higher profit even when market is starting to fall back.

also i wanna thank OP for this share as well because traders needs advise,either Old trader and New trader because sometimes when we are often in trading we are forgetting some rules that needed to be reminded to us.

[sisule]

In this life, everything is hard, if it is too thoughtful, and everything will change to be easy if enjoyed and lived slowly. I think the trade was only difficult for people who did not master the science of trade and did not have Experience in the field of trade, and it will be easy .

[qory]

for people who have mastered the knowledge and experience in the trade because the trouble is only found after the tribulation. To get the science of trading enough to learn on the experience of the person who has done it, the key to success in trading is simply sincerity and mentally bold in trading.

[sisule]

The main step should be traveled by beginners.

There are several steps that must be traveled by people who want to earn money in the field of digital currency
-Study Vigorous
-Approaching people who are experienced
-Dare in action
-Do not get tired
-Patience in waiting for success.

[yarlungzangbo]

for people who have mastered the knowledge and experience in the trade because the trouble is only found after the tribulation. To get the science of trading enough to learn on the experience of the person who has done it, the key to success in trading is simply sincerity and mentally bold in trading.

yeah, just like a warrior!