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Author Topic: A good advice for every traders.  (Read 3597 times)
Carry_Copper
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July 25, 2020, 02:04:38 PM
 #281

Hey Wink I'm here to ask you for some advice. Recently I've been holding BTC and now I've sold it. Wanna know which alts are more profitable in your opinion at this moment?
Are you a newbie in trading? If yes, but high market cap coin such as $link $bnb $eth, but if you got trading skills you can look out for some small or midcap coin in binance exchange such as $knc $algo and some couple others, always ensure to DYOR

   Carry_Copper I hope you didn't sell your entire balance in Bitcoins, you should keep some amount for future. It's good to
have alt-coins, but first pay attention on top coins, later you can start adding alt-coins, but don't deduct from existing amount
try to work more and to find money for investing.
   Leo I have all those coins you mentioned for long-term holding. I would like to have them more and I am working on that!
Thank you for the advice. I keep it in mind. At the moment I hold some $btc, $eth and I've got some $doge
I guess $doge can pump soon. At the start of  July it has pumped and then dumped a little. Guess it could repeat
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South Park
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July 25, 2020, 03:46:04 PM
 #282

To have personalized strategy is very important and not only because of the personality of each of us. We all have our short term and long term goals and it's very important to follow that so that we put our efforts in that direction. That will also define if for that goal is better trading and what kind of trading or maybe just holding. I find that having vision and a plan is very important.

The importance of having a personal trading system cannot be over emphasized. Often times, I've seen people make trades without having a plan, system or even documenting their trades. These are the little things we do that matters a lot. Earlier on when I started trading, I did so without a system. worst,  I wasn't managing my risks or documenting my wins and losses. It didn't take long for me to realized that I've been doing it wrongly.

For instance, documenting my trades allows me to:
- Identify pitfalls and areas where I'm lacking. This way I can focus on my weaknesses.
- Keep track of my trading performance
- And more.


Another critical factor is to backtest your system, after all many design a system to trade the markets but how do they know if it makes profits in the markets? The only way is to use it while taking a look at the past data, but there are many problems when doing this as people have a tendency to use their knowledge of the past to make their trades making the test useless, so for the most part you need to create a set of rules that gets you in and out of the market automatically so you can verify the legitimacy of your strategy.

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spike420211
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July 25, 2020, 05:39:47 PM
 #283

These are some pretty good "rules" to go by when "trading' but the truth is that most people currently trading, shouldn't be.  Trading any sort of financial asset is a risky play and only until you have you short/mid/long term financial in place, should you consider doing short term trading.

Most are unable to trade, that's right. But in order to understand whether you are able to trade or not, you need to try.
Most people will not take your call seriously, because we all think that we are special until we step on the same rake several times.

Everyone who wishes should try himself in trading, as he can.
Someone will understand that he likes it and will stay, someone will "break his nose" on the first deal and leave.
Carry_Copper
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July 28, 2020, 07:52:05 AM
 #284

These are some pretty good "rules" to go by when "trading' but the truth is that most people currently trading, shouldn't be.  Trading any sort of financial asset is a risky play and only until you have you short/mid/long term financial in place, should you consider doing short term trading.

Most are unable to trade, that's right. But in order to understand whether you are able to trade or not, you need to try.
Most people will not take your call seriously, because we all think that we are special until we step on the same rake several times.

Everyone who wishes should try himself in trading, as he can.
Someone will understand that he likes it and will stay, someone will "break his nose" on the first deal and leave.
When someone starts to delve into something new - it's always difficult. It's important to have a little patience and endurance
SacriFries11
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July 28, 2020, 02:00:34 PM
 #285

Sometimes you missed out why you open a trade so it’s a big reason for us to record every trade we made. This might help us in the future to be our reference before we will make a trade. It’s not bad to look in analysis of others but also we need to check personally to make sure that we will not blame ourselves if the analysis is incorrect. Always find different analysis to trade and master the basic.

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South Park
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July 28, 2020, 03:24:32 PM
 #286

These are some pretty good "rules" to go by when "trading' but the truth is that most people currently trading, shouldn't be.  Trading any sort of financial asset is a risky play and only until you have you short/mid/long term financial in place, should you consider doing short term trading.

Most are unable to trade, that's right. But in order to understand whether you are able to trade or not, you need to try.
Most people will not take your call seriously, because we all think that we are special until we step on the same rake several times.

Everyone who wishes should try himself in trading, as he can.
Someone will understand that he likes it and will stay, someone will "break his nose" on the first deal and leave.
While not perfect you could use paper trading as a good way to know if you can be a good trader and not put your money at risk, if you can trade and be successful when you paper trade then you have a chance when you try to make money in the markets but if you cannot paper trade successfully then forget about it since trading with real money is many times harder, anyone that cannot rise their capital while paper trading will have no chance at all in the live markets.

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July 31, 2020, 08:07:11 AM
 #287

First of all, this advice is for all chores - no matter what realm we go to work in, we need to be patient. Traders should interpret and understand everything in detail. Another gadget is to have the mindset to adapt to all kinds of situations. Only then will achievement come at work.

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July 31, 2020, 11:36:27 AM
 #288

If you want to be a trader, you have to make a goal. It is better not to do the work that I did trading in any way. To trade, you have to put all your endeavors and go down to the meadow. Nonetheless, it would be wise to invest as much as there will be no dilemma if there is a loss. Contrarily, you have to deal with big threats. It will be possible to be a good trader and do something in life.

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August 01, 2020, 11:46:53 AM
 #289

Being an individual trader first you need to have Passion, Self-discipline, determination, and Patience also you must
know how to use TIMING in the actual trading too. These all will definitely give you a good guideline behavior as an individual
crypto trader.
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August 01, 2020, 01:11:06 PM
 #290

first thing when we will be traders was set our plan for each trades. dont ever start trade with real money without any plan at all or we will loss money when take wrong action and decision. understanding about risk investment will help us not to be frustated when we got it, so we will not blame anyone when it happen to us.

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August 01, 2020, 02:03:36 PM
 #291

First of all, this advice is for all chores - no matter what realm we go to work in, we need to be patient. Traders should interpret and understand everything in detail. Another gadget is to have the mindset to adapt to all kinds of situations. Only then will achievement come at work.
There are many rules needed to apply in crypto trading. Don’t be greedy in trading. You must know how much you will need to win. When do you stop and when do you need to keep going. It’s better that you have goals like 40-50% profit. Always do you own research and analysis in order to take full responsibility for the possible outcome of your trade.

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August 01, 2020, 02:20:47 PM
 #292

First of all, this advice is for all chores - no matter what realm we go to work in, we need to be patient. Traders should interpret and understand everything in detail. Another gadget is to have the mindset to adapt to all kinds of situations. Only then will achievement come at work.

It will take time to adjust for the market because in the beginning, every person will look out for fast profit and in the end they might loose money, he need to experience in all type of situations and it will help them to find the best possible coins to reach their target, in trading, waiting for certain period will always help them to get huge profits.

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August 01, 2020, 11:10:58 PM
 #293

First of all, this advice is for all chores - no matter what realm we go to work in, we need to be patient. Traders should interpret and understand everything in detail. Another gadget is to have the mindset to adapt to all kinds of situations. Only then will achievement come at work.

It will take time to adjust for the market because in the beginning, every person will look out for fast profit and in the end they might loose money, he need to experience in all type of situations and it will help them to find the best possible coins to reach their target, in trading, waiting for certain period will always help them to get huge profits.

Indeed. You shouldn't hurry yourself to earn huge profit everyday in trading because it will only harm you that you will only lose your profits. So to avoid that, you should have patience to wait for the right time or to reach your target in trading that will definitely give you good profits or a successful trade.

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August 02, 2020, 03:04:45 AM
 #294

Being an individual trader first you need to have Passion, Self-discipline, determination, and Patience also you must
know how to use TIMING in the actual trading too. These all will definitely give you a good guideline behavior as an individual
crypto trader.

To know the timing you should be knowledgeable.

That is the secret in order to make better decisions. Without knowledge of trading and other things that could affect the price movement, despite passion, determination and patience, that would be short for being successful. Always try to increase your knowledge and gain information as you go.
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August 02, 2020, 03:34:03 AM
 #295

First of all, this advice is for all chores - no matter what realm we go to work in, we need to be patient. Traders should interpret and understand everything in detail. Another gadget is to have the mindset to adapt to all kinds of situations. Only then will achievement come at work.
There are many rules needed to apply in crypto trading. Don’t be greedy in trading. You must know how much you will need to win. When do you stop and when do you need to keep going. It’s better that you have goals like 40-50% profit. Always do you own research and analysis in order to take full responsibility for the possible outcome of your trade.

Almost people worry to stop after reach profit or lost, when getting moment price on higher they will hold for long term and never try to sell although raise profit above 40% but when lost they hold again and not brave to cut lost and take save their money although little less, this emotional face by trader when start investing with cryptocurrency.

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Salauddin1994
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August 02, 2020, 04:36:53 AM
 #296

Before you trade, you need to be careful about how much profit you make and how much you lose. Best of all, if you spend most of your time learning how to trade then we are often frustrated by the loss of the trade, so we need to be careful and try to make as few mistakes as possible. Since we are in a new situation and everyone is trying to make more profit we can say that we will get away from this idea.
asus09
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August 02, 2020, 08:45:09 AM
 #297

Before you trade, you need to be careful about how much profit you make and how much you lose. Best of all, if you spend most of your time learning how to trade then we are often frustrated by the loss of the trade, so we need to be careful and try to make as few mistakes as possible. Since we are in a new situation and everyone is trying to make more profit we can say that we will get away from this idea.
If you have experience with trading will give good moment what have to do when price raise up and down, maybe almost trader will take profit about 10% until 30% and sell their coin after reach profit target, never hold coin for long time because give bad impact when price suddenly down.

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Majharul Saiif
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August 02, 2020, 04:26:40 PM
Last edit: August 02, 2020, 04:55:59 PM by Majharul Saiif
 #298

We all know that patience is the key to success. In here, price can be less more than you expect or think. So you have to be patience and cool. You must have believe on you that your strategy is the best and you will win by using it. As my previous experience with trading, I can put those things as advise for newbies. Though I also replied a message on this thread earlier.

  ●   KEEP CALM & HODL   ●
 ❰❰❰❰❰❰  KCH  ❱❱❱❱❱❱ 
● ▬▬▬▬▬ ● ▬▬▬▬▬ ●●●    ●  token  ●    ●●● ▬▬▬▬▬ ● ▬▬▬▬▬ ●
alik111
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August 02, 2020, 05:31:04 PM
 #299

The first option what is Trading logics is the most important in Crypto market.
So I want to remark your advice by saying that You guys go for technical and Fundamental analysis.And this is a must for all traders.
cryptothreads
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August 03, 2020, 11:19:14 AM
 #300

We all know that patience is the key to success. In here, price can be less more than you expect or think. So you have to be patience and cool. You must have believe on you that your strategy is the best and you will win by using it. As my previous experience with trading, I can put those things as advise for newbies. Though I also replied a message on this thread earlier.
Patience can still be risky for investors if they choose the wrong coin and any decision of the investor will affect the profit. I think the most important thing is to have knowledge and should spend a lot of time researching before buying.

Another thing is that trading is risky and this is something you can never avoid when you decided to invest in this market.
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