awik p
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Pepemo.vip
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August 19, 2021, 04:42:17 AM |
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The tips for trading are very effective it helps a lot to be a good trader the most important thing is to control the emotions and if the amount of loss is high then stop loss will be done so that there is no risk even if there is no profit. Professional traders usually make stop losses they have good knowledge about the market and can understand the difference between currencies they can easily master the trading strategies we have to move forward considering them as such.
Strategy theory like that is really needed before we trade, and after that when we make transactions, we must learn to control our emotions to obey the strategy we have planned. seems simple and easy, but when we do it, then we will understand the difficulty, and that's what we have to fix, which eliminates the psychological burden when trading |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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RokokGudangGaram
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August 19, 2021, 05:38:53 AM |
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I would strongly agree with your number 2 and number 4, stop loss and take profit is really important and yes the trade only stops when it hit stop loss or take profit, don't click any button. But I would like to disagree with number 5, yes don't trade 100% but I think according to the books I've read only 10% of your total money would be use every time you made a trade, but I think we can't follow that and use whatever amount we like.
Anyway this is one of the best tips I read for beginners.
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Lordshiva
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Welcome back 🙏
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August 19, 2021, 05:41:44 AM |
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Your 2nd point and 3rd point are the most important according to me because these two points made me suffer as well. In the start i used to trade on emotions rather than real facts and setting up profit/loss bar is most important as well.
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justdimin
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August 19, 2021, 06:46:34 AM |
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Beginners should know everything regarding trading and the marketplace before trade anything. It is possible to lose a lot of money if beginner make a mistake. Customer service, learning material, and account and trade minimums should all be prioritised for new traders. It's crucial to figure out how much you want to invest and at what price, as well as how far you're ready to let a stock fall before selling. Using the correct sort of trade order can help you save money.
That's why when someone asks me what's the best way to learn crypto trading, I suggest them to open a demo account and start trading. I have been in this community for years and yet there is no firm advice or path I can suggest anyone following and actually, that's the beauty of the crypto space. No matter how old and experienced you get, when the market crashes you will panic and these things can't be learnt or taught. Sometimes I feel that being new to this volatile market actually helps because being fearless is the necessity of the current situation. If you can blend aggression with calculated risks, it works wonders. |
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john_nautica
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August 19, 2021, 07:32:08 AM |
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Nice tips, these are some good tips. I would also like to add some tips, there's no such things as 10% stop loss or any fixed target amount all stop loss and TP's will be based on your technical analysis and also remember to use risk and reward ratio It's important too.
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lixer
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August 19, 2021, 03:45:27 PM |
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5 Tips for Trading from a Beginner, For Beginners.1. Check market sentiment 2. Set loss/profit (really important) 3. No emotions, only believe in your analysis. 4. Do not click any button yourself, a trade should over with a stop loss or take profit. 5. Never 100% on one trade, 20% amount with x3. This is what I learnt in my 30 days of trading and so far, I am doing really good. If any of you have some tips for me aswell, go ahead.  Thank you for creating a good topic for us. Because I also continue to learn from the experiences of friends here. It's true that nothing is 100% but make 20% many times. I would not suggest trading with more than 1% of your capital within a single trade if you are actually serious about trading. Of course it's your money and you may go in with 20% of the capital in one trade, but even the biggest and best traders of all time can make 5 times in a row which would evaporate the entire capital. I like some points in the OP but will add a few crucial ones from my side. - Don't trust in the social media hype or FUD - Never put money in a coin you fear to hold for a week |
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zanezane
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★Bitvest.io★ Play Plinko or Invest!
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August 19, 2021, 03:49:28 PM |
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Nice tips, these are some good tips. I would also like to add some tips, there's no such things as 10% stop loss or any fixed target amount all stop loss and TP's will be based on your technical analysis and also remember to use risk and reward ratio It's important too.
Those tips aren't from any beginners because as far as I know, beginners aren't supposed to know any of that or at least doesn't have a good grasp of those tips. Yeah, R&R ratio is forgotten by many, if your ratio is just too bad, you might not want to waste your time on that or evaluate your position because some people just get in not knowing their paying more and getting rewarded less and not in terms of money but of their time. |
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DarkDays
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August 20, 2021, 11:10:32 AM |
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Wow. Not bad. As long as your result is positive, why not?
Do you have the actual trades that you have done? Like putting it in excel? I suggested this because this will help you remember what you did correctly and what you have lacked in your losing trades.
Anyway, I hope you continue to profit with this market.
Agreed, starting off as a trader is all about consistency and keeping to your plan. The fact that you was persistent and made a rule book of your one is great. One thing that I agree with @crwth is to make a Trades Sheet where you keep a record of all your trades, as that'll help you understand what works and what doesn't. |
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LimLims
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August 20, 2021, 01:20:11 PM |
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Op got the nice beginners guide.
The ones those who finding difficult to understand can listen to my suggestions.
As you are a beginner never start with large sum of investment.
For your first few trades start with small amount and understand the market first.
Then choose the best coin and cash out little profits.
Hope this helps every newbie.
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Qirtov
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August 20, 2021, 02:45:20 PM |
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I have two additional things that might help you. First of all, don't forget to have a Trading System so you know when to enter and exit the market. As a result, you are not confused and not easily swayed by the market. So you have faith in yourself. The trading system you have must be complete, starting from analysis techniques, money and risk management. The second is disciplined and consistent, after having a trading system, you must be disciplined to run it. Trader failures generally occur because they do not comply with a predetermined trading system. Especially regarding the rules of market exit or cut loss. Most traders don't want to cut losses, as a result, losses pile up super swelling. The trader ends up with a margin call or the money runs out.
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checkmatesir
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$CYBERCASH METAVERSE
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August 20, 2021, 03:28:43 PM |
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I would like to add a tip, which is very important in trading from the very first day, which is patience and get rid of greed. Because patience works when no one is greedy about the profit so much. So, it would be better to take profit and just work on the right place as well as with having much patience in trading.
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john_nautica
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August 20, 2021, 03:54:27 PM |
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Nice tips, these are some good tips. I would also like to add some tips, there's no such things as 10% stop loss or any fixed target amount all stop loss and TP's will be based on your technical analysis and also remember to use risk and reward ratio It's important too.
Those tips aren't from any beginners because as far as I know, beginners aren't supposed to know any of that or at least doesn't have a good grasp of those tips. Yeah, R&R ratio is forgotten by many, if your ratio is just too bad, you might not want to waste your time on that or evaluate your position because some people just get in not knowing their paying more and getting rewarded less and not in terms of money but of their time. Perhaps it may seem that this information does not usually come from beginners, but maybe this is a reflection of OP’s determination and enthusiasm in learning about trading. Regardless of the case, these are some good tips that we should bear in mind. |
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BruceLee98
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August 21, 2021, 07:59:19 AM |
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Do not trade 100% of your capital. Set a target ,3% daily or 8% weekly. Do not be greedy there is always an opportunity in the market. Always remember to do your own research before executing a trade .Don't allow your emotions to control you. The stop loss feature is always your friend ,make good use of it .
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NeverSop
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HODL
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August 21, 2021, 09:48:37 AM |
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5 Tips for Trading from a Beginner, For Beginners.1. Check market sentiment 2. Set loss/profit (really important) 3. No emotions, only believe in your analysis. 4. Do not click any button yourself, a trade should over with a stop loss or take profit. 5. Never 100% on one trade, 20% amount with x3. This is what I learnt in my 30 days of trading and so far, I am doing really good. If any of you have some tips for me aswell, go ahead. I am practicing trading starting with some of your advice, it is very suitable for beginners like me. But I don't know how to spot it yet 1] Check the market sentiment, is it a manifestation of the green signal in the 1h candles, and does it work throughout to place an immediate profit requirement? then or not? Is the sudden upside or downside structure appropriate for this transaction deployment process? |
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Ararbermas
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August 21, 2021, 10:07:15 AM |
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Yes don't bring your emotion when you're trading because that's the reason why mostly end up losses after all of their efforts, such learning for how many days or months wherein just to have good win rate in trading field but the results are all negative because of being emotional,
That's why for me it's always good to start with demo account and keep it real when trading such how to spend those money and how to execute your strategy properly so that you can apply it when you're ready to trade..and i believe on that way you can control your emotions because you know exactly how the market really works and you know how to handle every situation just to protect your money.
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Cling18
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August 21, 2021, 11:38:56 AM |
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To summarize everything, we need complete knowledge about trading before entering it. We couldn't be trading experts in the beginning yet we could adopt learnings through the resources that we could find online. We should also have a good mindset upon entering trading. Trade by skills and not by emotions and learn how to deal with the possible changes in the market.
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ItsCrafty
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Tontogether | Save Smart & Win Big
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August 28, 2021, 11:13:10 AM |
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One thing i must add is that traders should also care about risk management because it is also important in trading. As i had just saw many trader they didn't know much about risk management in trading and lost their most of the money without aware themselves. I think this point should be taken note of.
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blockman
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August 28, 2021, 12:39:03 PM |
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One thing i must add is that traders should also care about risk management because it is also important in trading. As i had just saw many trader they didn't know much about risk management in trading and lost their most of the money without aware themselves. I think this point should be taken note of.
Risk management comes with your control so I think it should be connected to no emotions listed by op. But it is so important to know how you take risks because if it's not for the risk, you really are going to have trouble risking your assets because you don't know how to manage them. Those traders that don't know much about risk management, it's either they really don't know it and they keep on trading or they're just a newbie that has started to trade so they're on any of those. |
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Kayum10029
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August 28, 2021, 11:47:49 PM |
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Here are some important tips for newcomers to follow through and never run into losses. Newcomers must not be overly greedy, they must be patient, Understand the project and invest, Always need to know the updated news.
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SquallLeonhart
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August 30, 2021, 10:22:55 AM |
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5 Tips for Trading from a Beginner, For Beginners. 1. Check market sentiment 2. Set loss/profit (really important) 3. No emotions, only believe in your analysis. 4. Do not click any button yourself, a trade should over with a stop loss or take profit. 5. Never 100% on one trade, 20% amount with x3. This is what I learnt in my 30 days of trading and so far, I am doing really good. If any of you have some tips for me aswell, go ahead. Do not forget to add that it is a long term deal and the short term results do not matter at all. I could make 20k in a single day if I am super lucky (which I won't) but that still doesn't change the fact that I can't make that in the long run. I learned this the hard way during 2017 peak times, I went way above my head and got too much into debt to keep my money in bitcoin, which I was super lucky eventually because I sold at near peak times of 2017 and didn't wait 2018 and managed to pay all my debts and had a bit left, not a whole lot, like 4-5 months' salary worth, still good but nothing major, but if I wanted just another month or two? That would be my doom, I would not only have any excess money but I would probably be in debt. This is why it is not about how much you make, I made money, but it is about how long can you do it, and that is why short term doesn't matter. |
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