Tips for good trading

[n0tailbg]

First you need to be able to understand and read charts. (here you can learn how to do it). You also need to use trading strategies and trading tools.

[Smartvirus]

One quality of a good trader is one that keeps records. This is not to say keeping records makes all your trades perfect or you don't get to make any more loses, of course there would be loses when you trade on wrong generated signals that could be self conceived. What am saying is, you ought to do proper analysis and keep records on them, how and when you entered the market, what pips did it do, when did you exit and what where the signs you identified to have exit at that time.
These records helps yo keep you on track with your trading and you could always revisist them for studies and history on reoccurring signallers in the market it helps you build a better strategy to your trading. Having a self generated reference material that actually works.

[Xampeuu]

and what needs to be emphasized is the greedy nature that always permeates every human being, therefore we must be able to control it

therefore, every trader should make a plan that they make from scratch. Don't be too greedy to get big profits in trading. The importance of experience in trading must of course be considered to minimize the risk of loss.

traders have to manage and limit the assets that we can trade. Many traders cannot control their emotions when they lose. and choose to put in too much which will shackle more money. the trader must know when he is satisfied with the profit as well as the loss he can bear.

We can copy an existing plan or strategy for others and we can just do a modification based on our own taste or preference but I think you are right that it's always better to create our original plan from scratch. This can make us a better trader than relying partially on the plan of others.

Being greedy is not right but I think being greedy is the only way to make loads of profits but that is if they are also lucky however if they made a profit, chances are is that they can still use all of this money to make more money because they are greedy anyway. This is where the importance of planning comes because when we have a plan, we will follow it and we will ignore our emotions if ever we lose or even when winning.

right, we are here to work, so we must obey the rules that we have made. in this case, of course, greed is an action that goes out of line with a predetermined plan to achieve the target. means we are not disciplined against the framework that has been made, based on the analysis of price movements. if we can't control this, then maybe we won't be successful in trading, because of the nature of wild greed

[Zilon]

A trader with all the ethics and tips they can lay hold of without discipline is similar to a gambler. Knowing when to pull out and when not to trade is another good trading tip. It's not enough been a pro-trader, trading is like every other investment so knowing when to say no to a signal and when to avoid the market is one of the best tip

[99Percent]

it's very easy to have a good trading tip or plan, maybe for beginners it's better to play or buy coins when Bitcoin is down this is one that is very easy to learn, but if you want to be more reliable in choosing coins, then you have to learn to understand market news and good analysis

[Rockstarguy]

Let me add this that can also be an important tips to beginners, I have come across so many beginners who take loan to trade. Beginners who go into this step feel they are too familiar with trading and they will always get profit from every trade. Beginners also make mistakes by trading with amount they can't afford to lose.

[carlisle1]

it's very easy to have a good trading tip or plan, maybe for beginners it's better to play or buy coins when Bitcoin is down this is one that is very easy to learn, but if you want to be more reliable in choosing coins, then you have to learn to understand market news and good analysis

Exactly! if you want to go deeper, you also need to investigate and do your research. In general, you can buy Bitcoin when the

bear is ongoing while many are fearing to lose their investment. You, as investors, are taking the opportunities to buy at the cheapest price

and wait till the market bounces back and reward you with decent profits. It's all about how you take your entry and how patiently you are

in dealing with every market movement.

[Desmong]

First of all, I would advise you to pay attention to training. At least when I started working with a broker from AMarkets, I actually used a demo account to get enough experience.

You know that learning never ends so we need to read and learn more everyday so we can get aquatinted with trading and get to know more about how the market behaves. The market can change pattern anytime so we need to be learning new things everyday so we can always equip ourselves with the latest information that can help us to get the best out of the market.

[carlfebz2]

First of all, I would advise you to pay attention to training. At least when I started working with a broker from AMarkets, I actually used a demo account to get enough experience.

You know that learning never ends so we need to read and learn more everyday so we can get aquatinted with trading and get to know more about how the market behaves. The market can change pattern anytime so we need to be learning new things everyday so we can always equip ourselves with the latest information that can help us to get the best out of the market.

Never ending learning indeed because market conditions is something that do really changed up very actively and imposing different scenarios and conditions which would result into adjustments to be made by someone which is really just typical reaction or action to be done.

Tips for good trading?
-Never make yourself greedy
-Never in a hurry
-Proper risk management

You would be finding yourself doing just fine but of course having good control of everything would be ideal specially
with your emotions and with your finances.

[thecryptogandalf]

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

Useful thread, thanks for sharing. I would personally add:

• Question everything you believe about trading, the markets, and yourself constantly.
• Especially if you’re starting out and just forming your trading approach. Always keep an open mind.
• Avoid over-trading at all costs. The market doesn’t owe you anything!
• When you get stopped out, accept the loss, and move on
• Hitting Stop Loss is a good thing. You put it in place to save yourself further pain. Hitting SL means your system works as it's supposed to.
• Recognize when emotions start to influence your decision-making process and stop trading for the day.
• Constantly monitor your strategy. What did you do good? What went wrong? What can you improve tomorrow?
• Schedule your trading routine. Set aside time for market research and past results review

[Oshosondy]

The main thing to understand is that the results of a trader's work most often depend on experience. It is for this reason that when I started working with a broker from AMarkets, I tried to devote enough time to working on a demo account.

Working with demo account means someone is a newbie. What I also see as a demo account is just that it is not real, I mean not dealing with real money, but can be helpful though. Besides, this is a crypto forum and we deal more with exchanges, most exchanges do not have demo account and the demo account experience may not worth it at times as you do not trade with real money. I have preferred to use small amount of money to begin trading for practice when I started trading some years back.

[sklopan]

The main thing to understand is that the results of a trader's work most often depend on experience. It is for this reason that when I started working with a broker from AMarkets, I tried to devote enough time to working on a demo account.

Working with demo account means someone is a newbie. What I also see as a demo account is just that it is not real, I mean not dealing with real money, but can be helpful though. Besides, this is a crypto forum and we deal more with exchanges, most exchanges do not have demo account and the demo account experience may not worth it at times as you do not trade with real money. I have preferred to use small amount of money to begin trading for practice when I started trading some years back.

In any case, you should understand that a demo account is a rather important experience and you should pay attention to it. Otherwise, the results can be a little disappointing, and that's not the worst.

[ReiMomo]

Try not to borrow and invest as this will certainly urge to either close off the trade in loss and pay back the borrowed money. And always hold a part of your investment amount to average the loss. When you see you are in loss, buy back the same coin at low cast. This will balance the loss and you might have a chance to either close off the trade with a minimal gain or without loss. Patience is the other key to succeed in trading. 

[TheGreatPython]

The main thing to understand is that the results of a trader's work most often depend on experience. It is for this reason that when I started working with a broker from AMarkets, I tried to devote enough time to working on a demo account.

Working with demo account means someone is a newbie. What I also see as a demo account is just that it is not real, I mean not dealing with real money, but can be helpful though. Besides, this is a crypto forum and we deal more with exchanges, most exchanges do not have demo account and the demo account experience may not worth it at times as you do not trade with real money. I have preferred to use small amount of money to begin trading for practice when I started trading some years back.

Even if not a newbie but if you have discovered something new and you want to make sure that it will work perfectly then you will test it out first on a demo account so that you won't lose any money in the process but it was the newbie that needed this the most because they don't have any experience and they haven't formulated any working strategies.

This forum bitcointalk deals mostly with bitcoin but we can also talk about altcoin and stuffs that are related to cryptos and blockchain. One of it is the crypto exchange. We cant remain using demo trades forever because we aren't going to earn on it but as soon as we think we are now ready, that's the time to use a real crypto exchange and yes we need to start with smaller amounts.

[Oshosondy]

In any case, you should understand that a demo account is a rather important experience and you should pay attention to it. Otherwise, the results can be a little disappointing, and that's not the worst.

Well, I did not use a demo account when I started to learn trading, i used HitBTC that I can even trade with $1, later I use Binance for future trading that I can use $0.25 to open a 10x margin. Then why demo account when I can use such low amount to trade? I am not recommending HitBTC because their withdrawal fee is too high and the reason I left the exchange. Demo account can be good though but exchanges are not supporting it, only OKX has been only one among the exchanges I have used that support demo and the experience is not that good compare to normal trading with low amount.

[blockman]

Try not to borrow and invest as this will certainly urge to either close off the trade in loss and pay back the borrowed money. And always hold a part of your investment amount to average the loss. When you see you are in loss, buy back the same coin at low cast. This will balance the loss and you might have a chance to either close off the trade with a minimal gain or without loss. Patience is the other key to succeed in trading. 

That's a mistake that has been happening and those that have done it don't do it again. But the newbies are the ones that have the urge and courage of doing it.
I've never done this thing because I know that it's not going to have a good ending. Mistakes such as borrowing for trading and even gambling will never get old.
Because time and time again, there will be those that will not listen to the mistakes of other people that chose to do this and resulting to have a bad outcome.

[Smitty Werben Man Jensen]

Try not to borrow and invest as this will certainly urge to either close off the trade in loss and pay back the borrowed money. And always hold a part of your investment amount to average the loss. When you see you are in loss, buy back the same coin at low cast. This will balance the loss and you might have a chance to either close off the trade with a minimal gain or without loss. Patience is the other key to succeed in trading. 

That's a mistake that has been happening and those that have done it don't do it again. But the newbies are the ones that have the urge and courage of doing it.
I've never done this thing because I know that it's not going to have a good ending. Mistakes such as borrowing for trading and even gambling will never get old.
Because time and time again, there will be those that will not listen to the mistakes of other people that chose to do this and resulting to have a bad outcome.

I think they will come to their senses when they feel the loss due to their mistakes,
we know that many people have shared stories or given advice not to do it all,
but in the end there will always be people who repeat mistakes like that

[Newlifebtc]

Try not to borrow and invest as this will certainly urge to either close off the trade in loss and pay back the borrowed money. And always hold a part of your investment amount to average the loss. When you see you are in loss, buy back the same coin at low cast. This will balance the loss and you might have a chance to either close off the trade with a minimal gain or without loss. Patience is the other key to succeed in trading. 

That's a mistake that has been happening and those that have done it don't do it again. But the newbies are the ones that have the urge and courage of doing it.
I've never done this thing because I know that it's not going to have a good ending. Mistakes such as borrowing for trading and even gambling will never get old.
Because time and time again, there will be those that will not listen to the mistakes of other people that chose to do this and resulting to have a bad outcome.

I think they will come to their senses when they feel the loss due to their mistakes,
we know that many people have shared stories or given advice not to do it all,
but in the end there will always be people who repeat mistakes like that

people learn from the mistake they do during the time of trading and advice supposed to be obtain and before trading and borrowing for trading is not right but people due values borrowing for trading and if we borrow and finally we fail to make profit in trading that is the bad side of trading and it is not good borrow for trading

[blockman]

That's a mistake that has been happening and those that have done it don't do it again. But the newbies are the ones that have the urge and courage of doing it.
I've never done this thing because I know that it's not going to have a good ending. Mistakes such as borrowing for trading and even gambling will never get old.
Because time and time again, there will be those that will not listen to the mistakes of other people that chose to do this and resulting to have a bad outcome.

I think they will come to their senses when they feel the loss due to their mistakes,
we know that many people have shared stories or given advice not to do it all,
but in the end there will always be people who repeat mistakes like that

And it's too late for them to realize that they've done a mistake but it's never too late to learn from that mistake. There have been so many people that did it and it didn't help them on whichever side you want to take a look at. Those who listen don't have to go through that failure and experience but those that don't listen, they'll experience it a hard way just as the others that have done it before. It does matter if you want to listen and if you don't, it also matters and you'll take a long way if you're into this market in getting used to it.

[Joshapat]

The most important thing I would like to advise, especially for beginners, is to take the time to learn on a demo account. This is a really good chance to get the desired result. Working with a broker from AMarkets, I did just that.

I think studying in a demo account will not make us excited, it's better to try with a small value for example $ 150, if we use money then we will be serious about learning about many things such as technical analysis, trends and so on.