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Author Topic: Don't trade using instinct  (Read 1203 times)
hugeblack
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October 02, 2021, 12:35:12 PM
 #21

I don't know what your topic has to do with the title, but I want to add that trading in altcoins is more dangerous than Bitcoin especially that have very small market capacities, these currencies may seem amazing in achieving profits, but they may lead to big losses.

Therefore, since you do not have any experience, and you have no intention of trading, I recommend Bitcoin or Ether, Most of other Altcoins succeed in the failure of these two, which I do not think that they will fail.

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October 02, 2021, 12:36:09 PM
 #22

Altcoins that are in top 10 or 20 to 50 may be good for investing on depending on your budget. And altcoins that are listed in a good exchange is also good because it is traded or in a potential space for trade. We have seen some altcoins early this year doing rally, dogecoin included. There is another factor that you can consider, that is utility use of the coin no matter the low price now, it will rise in future.
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October 02, 2021, 01:32:09 PM
 #23

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you. Smiley
If you're asking for advice on current investments, then I'm thinking about investing in BNB or Polygon. with the thousand dollars you have, you can have multiple BNBs or polygons, or both.
however, actually I don't understand what you mean by this thread title. After receiving all these suggestions, you need to do some research again, because all the risks are at your own risk

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October 02, 2021, 02:12:10 PM
 #24

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you. Smiley

As you are looking for potential future altcoins, it means that you don’t wait for fast incomes and it is good, as very few people are likely to enrich in one day. What comes to promising altcoins for the long term, I would recommend you Solana and Polkadot as they are new blockchains with new features that were appreciated by people. So you should research them.
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October 02, 2021, 02:16:10 PM
 #25

Your title tells different about your questions, you are telling people not to trade with their instincts and yet, you’re doing it, you are just depending on some suggestions about trading.

If you really want to practice trading, and take this seriously you should know how to analyze on your own because trading is very risky especially to those who are just keep on asking. You can look into top 20 altcoins to lower the scope of your analysis, this could be a great start for you.

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October 02, 2021, 02:33:31 PM
 #26

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you. Smiley

As you are looking for potential future altcoins, it means that you don’t wait for fast incomes and it is good, as very few people are likely to enrich in one day. What comes to promising altcoins for the long term, I would recommend you Solana and Polkadot as they are new blockchains with new features that were appreciated by people. So you should research them.

Solana and Polka are good if you are looking for long term investment, you are right that this two coins have a good future.
Offering new alternative chain that also competitve aside from those existing project like ETH and BNB.
You need to work with deeper understanding regarding to those projects that you are aiming to invest your money,
not just instinct but proper education in regards to to this market.

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October 02, 2021, 02:44:19 PM
 #27

Trade of course must be based on various considerations such as charts, news, and expert opinions, most newbies always use instinct so this is similar to gambling, of course the opportunity for profit if we use analysis will be greater than just relying on instinct.
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October 02, 2021, 02:48:55 PM
 #28

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you. Smiley

If you are asking for the potential altcoins that has a good future where it can give a better savings too, I think one of these are
Matic(Polygon), Xvg, Solana, Bnb, Slp, and more. These are I think to me has a big potentials in the future. They are all good for the long
term and I am pretty sure it will give a nice and very good profit.

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October 02, 2021, 03:08:43 PM
 #29

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you. Smiley

I think it is good that you are still interested in crypto even though you have lost a lot of assets with it already because in the end the experience you have gained with that can be much more valuable in the longterm then the money that you have lost. It is always hard to give general suggestion for good projects because everyone has different goals. Can you afford to lose all of that 1226 dollars? Then i would go for a very risky investment into new projects that still have a lot of potential.
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October 02, 2021, 03:16:54 PM
 #30

You are not alone, I am also one of those who have lost a lot of money in crypto. but it didn't deter me, instead I was much more curious and continued to learn how to trade well. Answering your title , it 's true that our instincts sometimes plunge us into losses . This cannot be applied in trading, because trading requires good analysis and skills so that we always profit

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October 02, 2021, 03:17:26 PM
 #31

Your title tells different about your questions, you are telling people not to trade with their instincts and yet, you’re doing it, you are just depending on some suggestions about trading.

If you really want to practice trading, and take this seriously you should know how to analyze on your own because trading is very risky especially to those who are just keep on asking. You can look into top 20 altcoins to lower the scope of your analysis, this could be a great start for you.
Unfortunately, it was the thing I'd see from OP. And instead of being smart in order not to lose his money, he even uses his instinct too. Maybe he was telling us what will happen in using this as it also happened to him personally. Too sad to say that some people don't learn from their mistakes and instead of correcting them, now it becomes habitual.

@OP, I hope you don't mind but something you need to open your eyes and see what happens to you. Although you can afford to lose such big amounts, however, it was not the smartest idea. You will keep losing if you never change, that's all I can say.

R


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October 02, 2021, 03:36:42 PM
 #32

You are not alone, I am also one of those who have lost a lot of money in crypto. but it didn't deter me, instead I was much more curious and continued to learn how to trade well. Answering your title , it 's true that our instincts sometimes plunge us into losses . This cannot be applied in trading, because trading requires good analysis and skills so that we always profit

Trading is an art and if one can learn it then nothing like it because then daily you can make money from trading irrespective market is up or down. Emotions should be away from it and should be ready to even book your loss if required as market is highly volatile normally.

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October 02, 2021, 03:44:29 PM
 #33

You are not alone, I am also one of those who have lost a lot of money in crypto. but it didn't deter me, instead I was much more curious and continued to learn how to trade well. Answering your title , it 's true that our instincts sometimes plunge us into losses . This cannot be applied in trading, because trading requires good analysis and skills so that we always profit

We cannot always take profits from our trades because every trader has to face some losses too. Nobody is perfect.
Even the best of use have faced losses and I think that it is quite natural.

Trading based on instincts mostly happens during our beginning days of trading where all our focus is on making profits.
We tend to lose our focus on strategies which eventually makes us end up in losses.
But over time we have to gain control on our emotions and determine strategies that gives us profits.

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October 02, 2021, 03:59:33 PM
 #34

yes, it is good to trede but one need more experience and more research ,
Nevertheless dont be discouraged.
adiebitsler
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October 02, 2021, 04:00:21 PM
 #35

Trading is an art and if one can learn it then nothing like it because then daily you can make money from trading irrespective market is up or down. Emotions should be away from it and should be ready to even book your loss if required as market is highly volatile normally.
Trading is not an art, but a job that must be cultivated and understood well by the trader, because without understanding and the appropriate capital, it will be difficult for anyone to make a profit, and this is clear regardless of how the market conditions will go.

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October 02, 2021, 04:19:18 PM
 #36

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you. Smiley

I would go to BNB I think the BNB price is still low even when the price before is around $50 but I'm sure that it will go up because of the new projects that settling to Binance Smart Chain and DeFi projects. I've seen a lot of projects that using BSC now and another coins I could suggest is Polygon by the way these suggestions were just personal suggestions and you should do your own research before buying or investing to these coins.

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October 02, 2021, 06:02:39 PM
 #37

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you. Smiley
First you need to know that BSC is not a coin but BSC is a network. Second, you can see potential altcoins on sites such as coinmarketcap.com, coingecko.com and several other sites. Potential altcoins that you can invest in such as Ethereum, Binance and other top 10 altcoins. It definitely has great potential.
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October 02, 2021, 06:50:21 PM
 #38

all altcoins have good potential if indeed the project is good, the problem is some projects will not survive even though they have potential. for now I recommend solana, eth, luna, bnb, and maybe you can try top 100 cmc.
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October 02, 2021, 07:04:57 PM
 #39

some of the top coins in the crypto market is a good choice, say from a list of 1 -10 at least it can minimize your risk of loss. BTW, you have also had a profitable investment in BSC, but why don't you keep it longer? but that's your right, my advice is to use half of your capital for BTC/ETH/BNB/SOL. and partly, you can invest in other top altcoins.

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October 02, 2021, 08:02:28 PM
 #40

Hello buddy
I am a new user in crypto, I learned a lot from friends who have been using crypto for a very long time, previously I lost a lot of assets, because of the experience and lessons I learned so that I can trade well, I have profited from BSC coins and now I have not invested in any other altcoins. Can you provide any suggestions for potential future altcoins?
I have $1226 in assets, Thank you. Smiley
just relying on instinct when trading, is like playing gambling...

Currently there are many potential tokens/coins that are still rising and cryptocurrencies that are ranked in the top 100 for you to choose from, with a capital of $1200 I would recommend bitcoin and Cardano, the rest you can analyze yourself.



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