This will help day traders and newbie traders.

[Distinctin]

Trading is always a risk as things can moves too fast and most of the time traders play here like a betting so don't move that way or else it will create up major problem, so we need to be so very careful.

Since we invested on it, we are already facing risks.

Instead of being careful, we need to reduce that risks so that we could maximize the profit we are getting. Instead of seeing that as a problem, we take that as opportunities, if the price fell, we reinvest, if we can't invest we keep on holding. If the price increases, we could sell, keep on holding or maybe trade it to other cryptocurrencies.

A reason why most traders won't succeed is because of their negative thoughts. This thing drives them to weaken their minds and solely they become bothered of what they do next especially when the market drops. If they are only proactive for every market drops, instead of getting worried, a thing that helps them to become profitable.
Anyway, it was acceptable that not all traders are destined to become a full-pledge trader, some did try but somehow they lose then. Some did their best and fully adopt the system and then succeed.

[jerry0]

Is it really a good idea to sell when you are down money in a coin?

[Oasisman]

Trading is always a risk as things can moves too fast and most of the time traders play here like a betting so don't move that way or else it will create up major problem, so we need to be so very careful.

Since we invested on it, we are already facing risks.

Instead of being careful, we need to reduce that risks so that we could maximize the profit we are getting. Instead of seeing that as a problem, we take that as opportunities, if the price fell, we reinvest, if we can't invest we keep on holding. If the price increases, we could sell, keep on holding or maybe trade it to other cryptocurrencies.

So, how would you plan to reduce the risk and maximize the profit by not being careful on your trades?
I assume it's always easier to hold long term than day and short trading. Entry and exit point are the most crucial decision you'll execute on your trading career. For you to be able to pull out a good result, you must've a good trading experience, enough market knowledge, and fundamental and technical analysis.
We can't just easily say a falling Btc price is an opportunity to accumulate or a slight pump is a good time to sell.

[Inkdatar]

As I’ve read the article it is very important to a trader. Just like me sometimes I encounter failure when doing trade and reading the above list gives me additional knowledge to apply in my trading journey. I admit, at first, I find it hard to understand the market movements when to enter and exit to take profit so trading is risks and we should be careful and study the market very well.

[Janation]

Trading is always a risk as things can moves too fast and most of the time traders play here like a betting so don't move that way or else it will create up major problem, so we need to be so very careful.

Since we invested on it, we are already facing risks.

Instead of being careful, we need to reduce that risks so that we could maximize the profit we are getting. Instead of seeing that as a problem, we take that as opportunities, if the price fell, we reinvest, if we can't invest we keep on holding. If the price increases, we could sell, keep on holding or maybe trade it to other cryptocurrencies.

So, how would you plan to reduce the risk and maximize the profit by not being careful on your trades?
I assume it's always easier to hold long term than day and short trading. Entry and exit point are the most crucial decision you'll execute on your trading career. For you to be able to pull out a good result, you must've a good trading experience, enough market knowledge, and fundamental and technical analysis.
We can't just easily say a falling Btc price is an opportunity to accumulate or a slight pump is a good time to sell.

It is true.

I know that it is bit off to say that but in my case, when I get too careful with my investment, I tend to become more aware of the movements and create a lot of scenarios that might make my hands weak. Instead, I just check the price changes every now and then and adapt to that change. If the price falls, and Im talking about $9K to $6K falls, reinvest if you can't hold. If the price pumps, there are a lot of choices and that is what I meant by maximize the profits, more like take the opportunities that is available.

[barbara44]

Honestly it is quite cheap as well, they will not let you know beforehand but if you write any article you want, and I mean anything you want, as long as it is not something illegal like promoting a coin to a point where you tell people to buy it directly, that means you can publish it on the highest levels of crypto news websites.

Like cointelegraph is probably one of the biggest ones, maybe even the biggest one and you can share your article there for 800 dollars. For just 800 dollars you can write an article like "is bitcoin dropping?" and do not say it will go down but question the fact if it may, which will make a lot of people think it may even if you do not say it will. That is what whales do in crypto world and in the real world as well with the media too, you can get any narrative time on TV if you pay them.

[tbterryboy]

Only experienced traders can do any types of trade.

Anyone can do any kinds of trading but the one who succeeds is who plans and has tested their strategies with smaller amounts or even demo accounts.

If you are a newbie, then day-trading is not for you. At first, you try to gain experience by doing small trades. As the day passes and you get hold of it then you can try other things. Another thing you have to keep in mind, don't fear of losing. When you lose you gain some experience out of it.

And even if you are experienced in trading then also day trading might be a big challenge because price changes so fast and so unpredictably that you cannot predict it correctly as a day trader maybe in the long run you can.

At first, you try to gain experience by doing small trades. As the day passes and you get hold of it then you can try other things.

True and the best way to do learn trading is by not reading articles, watching videos or asking people for tips but just trade yourself and learn every day.

Another thing you have to keep in mind, don't fear of losing. When you lose you gain some experience out of it.

Here you are wrong because as a trader having the fear to loose is important because a trader who does not fear losing is basically a gambler. You have to be feared of losing and hence trade with caution and make every trade with proper analysis and don't get driven by emotions.

[Google+]

As I’ve read the article it is very important to a trader. Just like me sometimes I encounter failure when doing trade and reading the above list gives me additional knowledge to apply in my trading journey. I admit, at first, I find it hard to understand the market movements when to enter and exit to take profit so trading is risks and we should be careful and study the market very well.

usually everything that happens at the exchange will be used as a very important experience because what has been done in that way and the results are visible, it will make you learn that can be used to determine what future steps you choose, when you panic then selling at low prices and ultimately making you lose, after a while the price goes up again and it will make us disappointed, so keep on being careful stepping in the world of cryptocurrency, don't take a wrong step.

[South Park]

Trading is always a risk as things can moves too fast and most of the time traders play here like a betting so don't move that way or else it will create up major problem, so we need to be so very careful.

Since we invested on it, we are already facing risks.

Instead of being careful, we need to reduce that risks so that we could maximize the profit we are getting. Instead of seeing that as a problem, we take that as opportunities, if the price fell, we reinvest, if we can't invest we keep on holding. If the price increases, we could sell, keep on holding or maybe trade it to other cryptocurrencies.

A reason why most traders won't succeed is because of their negative thoughts. This thing drives them to weaken their minds and solely they become bothered of what they do next especially when the market drops. If they are only proactive for every market drops, instead of getting worried, a thing that helps them to become profitable.
Anyway, it was acceptable that not all traders are destined to become a full-pledge trader, some did try but somehow they lose then. Some did their best and fully adopt the system and then succeed.

While you have a point I do not agree with it completely, the reason most traders lose money is simply because they do not take the time to learn how to trade, at most they just watch a few YouTube videos and then they begin to use their savings to try to trade the markets and multiply it many times over in a matter of days, this kind of attitude leads them to take risks that are simply too high and invest in projects that most likely are scams, then they lose their money and negativity takes over them and begin to blame the markets and everyone in sight for their shortcomings when they are in fact responsible for losing their money in such a way.

[palle11]

I admit, at first, I find it hard to understand the market movements when to enter and exit to take profit so trading is risks and we should be careful and study the market very well.

This is important to win a trade. That is the real trade itself because trade is about profit taking and knowing when to get in for that profit is really important. Any trader who wants better trading and its experience, has to understand the exit way too. The exit helps you not to allow the market to eat up your profit.

[sambuddha]

As I’ve read the article it is very important to a trader. Just like me sometimes I encounter failure when doing trade and reading the above list gives me additional knowledge to apply in my trading journey. I admit, at first, I find it hard to understand the market movements when to enter and exit to take profit so trading is risks and we should be careful and study the market very well.

Yes, psychology in trading is very important. Trading psychology is present in every market. In high-risk markets (cryptocurrency ), allowing greed, fear, and regret to dictate your decisions will be even more tempting than usual. The more you can do to change your trading strategy from a guessing game into a tested science, the more likely you will be able to enjoy consistent results over time

[Gibreil]

Yes, psychology in trading is very important. Trading psychology is present in every market. In high-risk markets (cryptocurrency ), allowing greed, fear, and regret to dictate your decisions will be even more tempting than usual. The more you can do to change your trading strategy from a guessing game into a tested science, the more likely you will be able to enjoy consistent results over time

However, it would be hard to achieve. It requires preparation, looking for good coins by researching some of their developments and applying your strategy that will incorporate in your system. Psychology in trading is not easy, you should surpass several losses before you attain it. In fact, whenever you think that you will never do the same as before, you will always fall. But, taking it seriously and not giving up in trading will give you the result that you want. Just be consistent on what strategy that applies to you and always look your failures as lesson for the future.

[Salauddin1994]

Business strategies make business a lot easier it helps us overcome failure with basic knowledge caution is most effective when doing business in case of loss you should not give up we have to move forward trying to recover from the damage. There will be risk in eating to trade no one will be able to trade without risk the above discussions are very helpful in trading but in addition to these you need to know the trading strategy.

[onecall123]

Business strategies make business a lot easier it helps us overcome failure with basic knowledge caution is most effective when doing business in case of loss you should not give up we have to move forward trying to recover from the damage. There will be risk in eating to trade no one will be able to trade without risk the above discussions are very helpful in trading but in addition to these you need to know the trading strategy.

Since trading is not like a joke then we must have confidence before diving into it. I would suggest stop trading full stop if you've no idea and research and learn before jumping into anything. Once you get more comfortable comes back, there are consistently numerous other incredible cryptos.

[sambuddha]

Is it really a good idea to sell when you are down money in a coin?

If you’re not using stop-losses, it’s only a matter of time when a large losing position will get out of control and wipe out most of your trading profits, eventually even your entire account . Always use stop-losses! This is the most important rule in trading.

[Xxmodded]

Is it really a good idea to sell when you are down money in a coin?

If you’re not using stop-losses, it’s only a matter of time when a large losing position will get out of control and wipe out most of your trading profits, eventually even your entire account . Always use stop-losses! This is the most important rule in trading.

Better using stop lost than you waiting with price really going dump, I have felt with future trading without use stop lost when price wrong with my prediction entry, if using stop lost we can get back our money although half from first deposit than liquid without get nothing. We must use stop lost when some bad happen with bitcoin and altcoin prediction, although have correct candle chart bitcoin and altcoin suddenly could be dump with bad news like hacked exchange could make our prediction wrong and lost all if not use stop lost.

[Diced90]

I admit, at first, I find it hard to understand the market movements when to enter and exit to take profit so trading is risks and we should be careful and study the market very well.

This is important to win a trade. That is the real trade itself because trade is about profit taking and knowing when to get in for that profit is really important. Any trader who wants better trading and its experience, has to understand the exit way too. The exit helps you not to allow the market to eat up your profit.

Because of market volatility irrespective of whether you manipulate BTC or alts being a day trader requires dedication,
motivation and an immense amount of patience.

It involves keeping a close watch on the market to know when to enter/exit.

In other words, it looks more like this...

[Bitcoin Seller]

Is it really a good idea to sell when you are down money in a coin?

Not always. It depends on the situation each time. Let us say you are 100% sure that altcoins you are holding will never grow. Then sell them. The other situation is that when you believe in your alts’ growth. Why should you get rid of them then?

[leea-1334]

Not always. It depends on the situation each time. Let us say you are 100% sure that altcoins you are holding will never grow. Then sell them. The other situation is that when you believe in your alts’ growth. Why should you get rid of them then?

But this is a decision that should have been made long before you invested in these alts right? And if you are a day trader (which is what they thread is about),,, then it's not about holding but making decisions for the day on a strategy that is kept within the same day to keep your capital mobile about the whole market every day right? You always exit, at predicted stops.

[princerepon]

[snip]

Because of market volatility irrespective of whether you manipulate BTC or alts being a day trader requires dedication,
motivation and an immense amount of patience.

It involves keeping a close watch on the market to know when to enter/exit.

In other words, it looks more like this...

[snip image]

Completely agree with your statement. I also think Patience, Perseverance and Focusing on market properly are keys for becoming a good day trader. Day trade is quite irritating than short/long term trade. But in this bullish time it would be a great way to make more money if we choose good quality crypto asset for that. BTC already crossed $15k, hope people make some profit with day trade in this good time.