Trading Tips for Traders here

[BuNga_cute]

It's good to hear trading tips that have been given by others. But my advice is only for our consideration in make decisions,
the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.

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[jcpone]

As a trader, we shouldn't stop learning about everything here.  Let us always be an empty cup as much as we can, always gain knowledge, and learn to choose the best among the advise that you will here from different opinion of the community here in the forum as well. And remember that experience is the best teacher to all of us here too.

[justdimin]

Before you begin read, I am not an expert nor am I here to turn anyone into professional. So the basic aim is to just add some sense that I was lacking when I started my trading career.

So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.

Unfortunately, nothing works for new traders except their own experience and the lessons learned from it. I mean to say whatever you had experienced in your early days may not be an effective lesson for all other traders. Most people here are not ready to learn from this forum but must be learning from their own mistakes; it means no one is ready to learn for free of cost.

Still, I must appreciate your efforts for opening this discussion because it must be useful for some people who are with relatively less experience but looking for learning from others rather than learning from committing mistakes on their own.

[wxa7115]

These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.

And that is one of the problematics with day trading, day trading is not only very hard to begin with many people want to day trade cryptocurrencies which as we know are many times more volatile than almost anything that you can find in any other market.

And that is a real problem even a coin as big as bitcoin can lose a significant percentage of its value in just a matter of minutes and if at that time you are using margin trading to try to improve your profits and you do not have a stoploss then your account is going to be wiped out.

Yes that ‘true day trading is not easy as so many people who are trading for day and it’s way of making money for them. For new traders I think long term suits more than day trading. Not to be impatient for getting your profit from day trading. You should know when its good to trade and when to stop lose. Mostly people wants fast profit but it’d the most dangerous thing in trading as patience is really important.

While I think that everyone can learn the skills needed to trade very few people have the psychological profile needed to become a good trader, it is true that long term trading is easier than day trading in terms of the level of skill that you need to be profitable, however when it comes to the psychological aspect long term trading is many times harder than day trading.

A day trader sustain losses just for a few days but a long term trader will most likely have to endure losses for months or even a year and many people do not really have to discipline to keep trading their system when they have suffered so many losses in the past.

[Kelvinid]

As a trader, we shouldn't stop learning about everything here.  Let us always be an empty cup as much as we can, always gain knowledge, and learn to choose the best among the advise that you will here from different opinion of the community here in the forum as well. And remember that experience is the best teacher to all of us here too.

Welcoming new ideas is somewhat great and something in need just to further enhance our capabilities and knowledge but we have to stick into some ideas that it means a lot to us and we feel its effectiveness. A lot of new ideas coming and we can't accommodate them all for sure that is why we need to choose the best one that we ever think is right. Yes, having more trading experience is better but we need to acquire some theories to fully understand and become a successful trader.

[Paycoinzzz]

 In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.

[Xcode7]

It's good to hear trading tips that have been given by others. But my advice is only for our consideration in make decisions,
the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.

That's right, other people's opinions are a benchmark for our view of trade. We can conclude and unite all the opinions of others with our own decisions, which means we must not be other people, different people different ways of trading and different backgrounds. Apart from all that, it does not mean we ignore the opinions of others, because what they suggest I am sure from experience. And that's where our considerations determine the decisions we make.

[davinchi]

It's good to hear trading tips that have been given by others. But my advice is only for our consideration in make decisions,
the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.

That's right, other people's opinions are a benchmark for our view of trade. We can conclude and unite all the opinions of others with our own decisions, which means we must not be other people, different people different ways of trading and different backgrounds. Apart from all that, it does not mean we ignore the opinions of others, because what they suggest I am sure from experience. And that's where our considerations determine the decisions we make.

There is an ocean full of knowledge which would never end. All we are doing is filling in the buckets from the huge ocean so always try to learn as much as possible no matter even if a newbie teaches you few things. Your ego should never affect your leanings. I personally, try to learn as much as possible no matter how deep knowledge I have gained about the field.

I love gaining knowledge and that is what makes me gain some profits by deploying various trading strategies. You would learn a lot of humans who already have gained experience because you are the ones who are able to gain that experience for free from those traders which you should never miss. Humans can teach you everything so never forget that and always tend to gain as much knowledge as possible.

[cryptoangel]

We are all saw many trading tips and analyse in regularly. But it is totally different from crypto trading, so we must active and monitor the each and every status of current market. I think right know is red But we are all saw good growing on last week. So further investment is little complicated to predict the every day. I hope we must active on telegram groups and Bitcointalk, because these are enough make profit on crypto platform.

[puertorikosena]

For a novice trader, first of all, it is necessary to develop a tolerance to stressful situations. This requires experience. As for the cryptocurrency market, when trading on it you are especially at risk of losing your deposit. Although in general, technical analysis works on liquid cryptocurrencies.

[MWesterweele]

We must familiar first in the movement of the market and also understand the basics. We should know about the signs of reversal and of course the support and resistance. Those both have important factor where it serves as foundation of technical analysis, if we will not master those both we will have a hard time in using technical analysis. The basics are the one we should master first before we improve our trading skills.

Learning the basic is the most important thing, we should know the effective way to trade and it will help us a lot. We need to gain knowledge in every trade that we are going too. Every coin we trade has a different pattern in the market as soon as we understand the pattern we can also do some arbitraging and make some little profits day by day.

[geilsjake]

Buy when its Rekt
Sell when its mooning
Always DYOR
Read some TA from the other traders
Have a solid trading strategy
HODL!

[lienfaye]

There are many tips that have been said as guide for beginners but sometimes committing mistakes is inevitable especially if you're just beginning with your trading career.

What I can say is dont rush things you'll definitely learn everything as time passes and through your experience on each trades. Dont use huge capital as well if you're unsure of what you do, its fine to begin with small amount just to experience the actual trade.

[dark08]

There are many tips that have been said as guide for beginners but sometimes committing mistakes is inevitable especially if you're just beginning with your trading career.

What I can say is dont rush things you'll definitely learn everything as time passes and through your experience on each trades. Dont use huge capital as well if you're unsure of what you do, its fine to begin with small amount just to experience the actual trade.

You have a point dude! Also agree with your opinion rushing can cause losing all your funds theres a lot of trading tutorials and tips in the internet but the question is how can you apply to your self or in real trading? If you want to learn trading you need tobe patient and dont be greed.

[Triffin]

We must familiar first in the movement of the market and also understand the basics. We should know about the signs of reversal and of course the support and resistance. Those both have important factor where it serves as foundation of technical analysis, if we will not master those both we will have a hard time in using technical analysis. The basics are the one we should master first before we improve our trading skills.

Learning the basic is the most important thing, we should know the effective way to trade and it will help us a lot. We need to gain knowledge in every trade that we are going too. Every coin we trade has a different pattern in the market as soon as we understand the pattern we can also do some arbitraging and make some little profits day by day.

In all kind of trading its really important to have proper knowledge about it and to work hard for improving your trading skills. Market will fluctuate but you will not lose hope but just move accordingly and at first you should trade for long term it helps avoid silly mistakes and get proper profit from trading. Patience matters a lot in trading.

[FanEagle]

In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.

Demo trading is always a basic start for the newly joined traders. Even for us who have gained experience, demo trading can teach us a lot new things. Anytime I land up in loss, I move onto demo trading and keep on practicing trading until I find profits in the markets again which would then make me shift to real trading again.

I have made this as my routine so that any time I face loss, I learn something new about the markets. Most of the new traders make mistake by joining the markets with minimum knowledge. What they think is reading such tips as given by OP makes them pro and they can bear some profits only by reading these tips. It never is the case. You need to have immense knowledge if you want to find profits in the trading markets.

[IHF]

1. develope the right mindest for trading
2. learn the true principles of successful trading
3. search for a reliable strategy that fits your personality and overall ressources
3. try it out with demo
4. train with low budget
5. scale it up step by step and get familiar with the risk
6. always be open minded and learn from your own experience
7. enjoy the merits...

 

[cotton ball]

I think you can give several advice for bitcoin or altcoin trader but most important you guide them how to get salary to start trading with bitcoin and altcoin, after they get much money you can give the advice how to be success with trading in bitcoin or altcoin, did you have solution with my opinion above?

[Karmakid]

In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.

Demo trading is always a basic start for the newly joined traders. Even for us who have gained experience, demo trading can teach us a lot new things. Anytime I land up in loss, I move onto demo trading and keep on practicing trading until I find profits in the markets again which would then make me shift to real trading again.

I have made this as my routine so that any time I face loss, I learn something new about the markets. Most of the new traders make mistake by joining the markets with minimum knowledge. What they think is reading such tips as given by OP makes them pro and they can bear some profits only by reading these tips. It never is the case. You need to have immense knowledge if you want to find profits in the trading markets.

Knowledge is the greatest capital that a trader could have. It will help the trader to achieve big trades in the market. Most of the traders I know are greedy because they just buy bitcoin and just jump straight to the market without studying the basics of the market like support and resistance and patterns. Like what you said, I also suggested to them to do paper trading or demo trading to avoid losses because it is free and you will learn a lot by back testing.

[coinfinger]

Before you begin read, I am not an expert nor am I here to turn anyone into professional. So the basic aim is to just add some sense that I was lacking when I started my trading career.

So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.

Most of the tips mentioned in that source as common ones. Traders can not really depend on those tips in order to start their trading(here, by traders I mean newly joined traders).

Any individual who wants to start his/her trading career really needs to spend most of their time in learning about trading before they could start with it. It includes, studying and analyzing TA, compiling graphs with various strategies and patterns, etc. Once you gain basic information about such phenomenons than you can move onto paper trading or demo trading which would give you more detailed information about the markets and also you would be able to personally experience the flaws in the markets.