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Author Topic: What do you really need in your trading?  (Read 1481 times)
wxxyrqa
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November 13, 2020, 04:29:04 PM
 #141

It seems to me that most of all there is not enough time and patience, because when you do scalping, the time period for transactions is constantly increasing and the activity smoothly moves from trading to short-term investing. Although it is possible that every time you want to get a little more and constantly increase or lower prices for sale and purchase.
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November 17, 2020, 04:32:50 AM
 #142

I want to continue exchanging and still expectation that one day, the crypto market will rise once more. In the event that I get an exchanging signal from others, I won't simply utilize it to purchase and sell the coin. This is pretty much like placing your cash into the bank like fixed stores. Anyway for this situation you get greater liquidity and confided in pay. It is obscure pay too.
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November 17, 2020, 05:57:51 AM
 #143

The crypto market will consistently vacillate, and the cost will consistently change each day. I as of now set myself up for any circumstances that can occur with the market, and I don't anticipate an excess of this moment. This is pretty much like placing your cash into the bank like fixed stores.
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November 17, 2020, 05:17:12 PM
 #144

Since the year is approaching, every trader want to know how much they lose or gain through out  the year which is come to an end soon, that remain few weeks to enter 2021. Since bitcoin is rising that is causing many trader to make more profit from their trading in the market which is also making some crypto trader to start experiencing loss because of the falling of the cryptocurrency during the pandemic. Every trader want to make a good income out of their trade which is the major thing every trader want from their trade to achieve something good,at the end of their trade. Base on the way bitcoin is pumping since we enter pandemic that caused crypto to dump through out the season, where many crypto trader lose a lot profit, during the few months of the pandemic which was causing bitcoin to keep rising in the market which was causing other cryptocurrencies to reduce in the market.

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emmybd
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November 17, 2020, 06:21:27 PM
 #145

We definitely don't need any signal provider, as most of them are just scam. Both copy trading and bot trading are also very risky. The current market situation is very volatile. So, you have to devise your own strategy how to trade. You can't learn trading overnight, as you start trading you will gradually learn it. At the same time, you have to master technical analysis, if you wanna be a professional trader in future.

DarkDays
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November 17, 2020, 06:29:05 PM
 #146

I think in order to succeed in trading you don't need signal groups or any tutor to 'guide' you through your investments.

What you need is knowledge of the market, different strategies, information on what others are doing how are other investors acting etc - all of this is information. And in line with this you also need a network of people you trust and can share information about opportunities as well as dangers.

Thus, the two most important things that go beyond trading are:
  • Information/knowledge
  • Trusted network
Ratash
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November 17, 2020, 06:39:37 PM
 #147

If you are a trader the community reviews has a big part in preventing scams and reduce the risk of money loss due to investing in unknown tokens so if this trading signals are based on the community reviews than it can be helpfull to new inexperienced traders .
Mahanton
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November 17, 2020, 11:23:35 PM
 #148

I think in order to succeed in trading you don't need signal groups or any tutor to 'guide' you through your investments.

What you need is knowledge of the market, different strategies, information on what others are doing how are other investors acting etc - all of this is information. And in line with this you also need a network of people you trust and can share information about opportunities as well as dangers.

Thus, the two most important things that go beyond trading are:
  • Information/knowledge
  • Trusted network
And all of these things does need a corresponding effort before you can able to achieve these things because if you are that lazy on learning then expect that it would really
be hard for you to proceed on.Relying on others signals and tips aren't really that ideal but somehow it can really be good as a preference and learn into it.
Everything can be found on net its just a matter of effort on how you do search and utilize those things up for your own benefit.
If you don't then you wont really move forward and just end up on relying from time to time.

R


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Kahoy01
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November 18, 2020, 02:54:59 PM
 #149

I do not need bots or copy trading because what I need right now is books and thesis where I can study and do some backtesting for me to become a good trading. I do not even consider copy trading as good because it can help us to become a lazy trader wherein you are just following and waiting the trader to trade. What you need are the books about technical analysis, actually books about stock trading is also applicable in cryptocurrency market so I also suggest it if you are having hard time to find a trading that is purely about cryptocurrency market.

South Park
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November 18, 2020, 07:52:01 PM
 #150

Signal providers are for the most part useless and it is not difficult to know why, if someone knew what the market was going to do then he could trade his own signals and make money that way, and in the case he was lacking money then all what he will need to do is to manage the money off other people with a lot of money and make money that way too, as you can see selling signals makes no sense and yet there are many people that still think that is their path to success.
People does have wrong perception towards these signals and as you mentioned where they do believe that this is indeed the path to success but actually those
traders are actually trying to milk out some money to other people by giving off those analysis which are actually can be done by you on your own without the need
on paying up someone for that.

All you do need is your own time and discipline plus your own effort on making trades.You wont need those signals or groups yet everything can be learned via online.
If you arent really that lazy then you would really enhance yourself in no time. Im also a self-taught trader.Yeah its hard but its attainable.
I agree that is all what they need in order to create their own signals, they just need to be disciplined, learn how to trade by reading several books, create their own strategy and now they can trade the markets way more effectively than any advice they could receive from signal providers, but for the most part I have discovered long time ago that is not what people want, they want to get great profits from the market without the efforts necessary to do so and it is because of this signal providers are so popular because they sell that very idea.
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November 18, 2020, 08:58:57 PM
 #151

I do not need bots or copy trading because what I need right now is books and thesis where I can study and do some backtesting for me to become a good trading. I do not even consider copy trading as good because it can help us to become a lazy trader wherein you are just following and waiting the trader to trade. What you need are the books about technical analysis, actually books about stock trading is also applicable in cryptocurrency market so I also suggest it if you are having hard time to find a trading that is purely about cryptocurrency market.

In general, if you think about copy trading, it doesn't make you a trader at all, you just copy, and not even yourself, but with the help of a third-party program.
Therefore, I don't think that this can make you a lazy trader because it cannot make you a trader at all. If you are already too lazy to trade yourself, but are ready to entrust your money to someone else, this option suits you.
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November 18, 2020, 10:04:28 PM
 #152

The market situation can be low or high but your mindset up should be thought big. Because I believe that you have good knowledge and experience. Anyone really needs knowledge and patience. Without knowledge you can't make any single successful trade rather than you will lose your money. On the other hand, sometimes you have to wait more than you expect. So patience should behold regarding such situations.

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November 18, 2020, 10:11:24 PM
 #153

The market situation can be low or high but your mindset up should be thought big. Because I believe that you have good knowledge and experience. Anyone really needs knowledge and patience. Without knowledge you can't make any single successful trade rather than you will lose your money. On the other hand, sometimes you have to wait more than you expect. So patience should behold regarding such situations.

Considering that luck may give you winning trade but in the long run without knowledge you'll lose it all over again. You need to continue doing your

study and research in order to get winning position. Much better to have bigger chance of success as your knowledge will guide you than keep trying

to place your bid without any idea on what you are doing.

Trading is for those who are open and willing to learn and together with good attitude you'll be able to convert a winning strategy.
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November 19, 2020, 10:14:52 AM
 #154

Trading only requires capital and knowledge,
without trading knowledge you will not be able to trade in the world of cryptocurrencies,
trading here is very cruel, the volatility is too high, for beginners I am sure you will be hit by Rekt easily.

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November 19, 2020, 12:29:20 PM
 #155

Trading only requires capital and knowledge,
without trading knowledge you will not be able to trade in the world of cryptocurrencies,
trading here is very cruel, the volatility is too high, for beginners I am sure you will be hit by Rekt easily.
Salary first, without knowledge and you have much money you can trade and have possibility to get much profit, but what for have knowledge if you haven't money for trading, how to start trading and get profit? I think most important with trading is money, how much money we have will give feedback with how much profit earn, if you have little salary you only get little profit but if you have much money you sill earn much profit for your trading, always depend with money we have when trading, without money we can start trading any more.
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November 20, 2020, 09:13:46 AM
 #156

Trading only requires capital and knowledge,
without trading knowledge you will not be able to trade in the world of cryptocurrencies,
trading here is very cruel, the volatility is too high, for beginners I am sure you will be hit by Rekt easily.
Volatility is cruel but generous on the other side like right now the bull run is going on so even a bad trader can profit easily as he just needs to buy and sell his coins and even if he buys right now the price is going to inflate further so there is no way they can lose.

In general crypto trading or dare I say altcoin trading is very dangerous because there are new coins listed on exchanges every day and you never know which coin is good because from outside they all look good and seem to serve a purpose behind them. Once you have learned about the technical analysis it helps a lot as you at least start spotting brutal scams that are promising and promoting to the moon but they are not even working working on a solid model.
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November 20, 2020, 09:22:32 AM
 #157

Some people are telling about the telegram signal group by which you will get a trading signal for being profit. Behind the scenes, almost one year ago I have followed a channel that was popular at that time and I joined their paid group by paying in BTC. But I didn't make any profit from that group rather I have lost my money by following their signal. So I don't need such things and stop suggesting those groups. I think your own strategy can make you successful if you have enough time and proper knowledge.

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November 20, 2020, 02:53:57 PM
 #158

Some people are telling about the telegram signal group by which you will get a trading signal for being profit. Behind the scenes, almost one year ago I have followed a channel that was popular at that time and I joined their paid group by paying in BTC. But I didn't make any profit from that group rather I have lost my money by following their signal. So I don't need such things and stop suggesting those groups. I think your own strategy can make you successful if you have enough time and proper knowledge.

Tell us in more detail how long you used the signals, how often you opened trades, how many trades you had on average during the month, whether you used stop losses and stop profits correctly.
I participate in one of these groups, but in general I have managed to earn something so far.

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November 20, 2020, 03:18:25 PM
 #159

The market situation can be low or high but your mindset up should be thought big. Because I believe that you have good knowledge and experience. Anyone really needs knowledge and patience. Without knowledge you can't make any single successful trade rather than you will lose your money. On the other hand, sometimes you have to wait more than you expect. So patience should behold regarding such situations.
But, patience should not mean waiting endlessly until the coin becomes dust and you can only look at it and laugh at yourself. As someone who has been into altcoin trading for years and collected many coins and invested into numerous projects I can confidently tell you that sometimes it is better to sell your assets at a lower price if the project has gone silent and there is no progress and the chances are bleak they will do something.

There was a time when I could have easily sold my assets and earned like 0.1 BTC without a doubt but I got greedy, waited too long and end up having to sell them at 1 satoshi and don't even know what those projects are doing now days. So patience is god with coins like BTC itself or maybe ETH but others you have to be careful if they are going down forever or just a routine drop as the dump and pump cycle happens with every other coin.

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November 20, 2020, 07:26:03 PM
 #160

Everyone's business style is different and my type of business has the power to make a profit using my own intellect. Bot trading is unnecessary to me and i have never tried to learn it. I feel comfortable trading with my own ideas where the amount of profit is very low but the risk is very low.
You don't your ideas.

You have a strategy, and I think that's what you mean as you trade.

It's better to have that expectation of low income than to have a huge expectation of higher profit.

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