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Author Topic: Don't trade using instinct  (Read 1203 times)
QueenVera
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October 02, 2021, 11:18:12 PM
 #41

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 believe you meant Binance coin when you said BSC, BSC stands for Binance Smartchain just for corrections. And instead of trading your BNB for other coins why not just hold unto it. BNB will be very valuable in the future, the next bull run might see it trading above $1000 and you would not want to miss that. There are not many promising altcoins left that can give you the profits BNB holds in store so keep hold of your BNB.

If you seriously need other altcoins then buy Solana and some Ethereum, this are the coins that can guarantee you profit, the rest are high risk as anything can  happen to them and they will not be able to recover.

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October 02, 2021, 11:51:38 PM
 #42

just relying on instinct when trading, is like playing gambling...
It is really a gamble, trading isn't the usual gambling that we do like dice or roulettes. Unless a trader is considered himself to have that strategy even if he knows that there's a way to have a better trading experience and that's through learning analysis and being resourceful.
Resourceful in a manner that you're coping up with every news update coming from the market to react accordingly.

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October 03, 2021, 12:50:01 AM
 #43

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

In trading you should do DYOR on the coin you choose to trade. But actually theres some happening that we cant control here in cryto space and that is the movement of coins prices, maybe you loose because of that uncontrol scenario. If you want a secure coins to invest just go to website of coinmarketcap.com and choose the top 10 coins.
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October 03, 2021, 03:27:45 AM
 #44

One way or another you gained something from investing in crypto. Even the losses you incurred gave you valuable lessons that you can then use for future reference. Although investing using gut instinct typically ends unwell. As for cryptocurrencies that show future growth, I would suggest you invest in the biggest coins in the market if you haven't already. And then Solana. It's progressing so quickly and so huge it just can't be left unnoticed.
just relying on instinct when trading, is like playing gambling...
It is really a gamble, trading isn't the usual gambling that we do like dice or roulettes. Unless a trader is considered himself to have that strategy even if he knows that there's a way to have a better trading experience and that's through learning analysis and being resourceful.
Resourceful in a manner that you're coping up with every news update coming from the market to react accordingly.
IMO trading is more suspenseful and stressful than traditional gambling means like poker and roulette. The fact that you have more agency over the odds of winning and losing in trading compared to gambling is what makes it more enticing yet stressful at times. Plus the fact that the same strat could work for the majority of traders makes it fun as well, but I digress. Investing should definitely be taken seriously and not be relied on your gut instinct.



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October 03, 2021, 03:37:34 AM
 #45

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

In trading you should do DYOR on the coin you choose to trade. But actually theres some happening that we cant control here in cryto space and that is the movement of coins prices, maybe you loose because of that uncontrol scenario. If you want a secure coins to invest just go to website of coinmarketcap.com and choose the top 10 coins.

Even top 10 coins is not safe during bear season. Coins/tokens that most often go against the bear season are those altcoins that has a good fundamentals and under the radar. Whales usually dictates the price and the one who's responsible to the uncontrol scenario above. Most whales play on top 10 coins and they didn't preferred to hold for a long time. That's why having under the radar coins is very good investment because most of the holders think about the future and not flipping for small profit.

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October 03, 2021, 06:45:42 AM
 #46

trading using instinct, I think it's the same as gambling. this is said to be lucky, while the luck will not come every time. Therefore, we divide them into strategies which include technical analysis, money management, and psychological trading, by mastering these three, I think we will be able to survive in the trading world. usually psychology is the most decisive for the success of a trade

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October 03, 2021, 06:50:09 AM
 #47

I am not an expert but trading have been my part more than five years, I don't know about how to make line when looking chart but I use my self way how keep get profit with trading by investing when price really dump. Always bitcoin is my way when try to buy some coin, check how bitcoin dump and make us to know when bitcoin dump altcoin will be dump, but some time when get good or support price not brave to buy.

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October 03, 2021, 07:12:23 AM
 #48

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.
There is no instinct in any trading, and expecting an answer from the experts is also not necessarily good because whatever they say will not be exactly the same as what happens in the market, because not all experts are able to fully control the market and if through the news there is a little help to take as a basic rule of thumb though not for all news as well which can help with any trading.
Self study and research is the key to succeed in trading though it is good to learn from experts or being mentored however trading with instinct is required when trading live because some of those things learnt during practice might not play out in real trading, a trader is expected to use their initiative in line with skills acquired during learning, of course chart patterns is very important in trading, it is the best indicator that reveals Price Action, I think it is most necessary tool for any newbie trader or investors to have the basic idea or knowledge of it, to avoid buying at peak or selling at low.

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October 03, 2021, 10:30:32 AM
 #49

Wow...instinct is just like imposing emotions to trading making a trader to be controlled by market fear and losing money. Trading with instinct might be deceptive and not judging on the market analysis but only on what your mind is telling you to do. My newbie stage of trading exposed me to differences in trading with emotions and based on the reaction of the market.

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October 03, 2021, 12:46:30 PM
 #50

Always keep your instincts and emotions apart when trading in crypto. Crypto is not a quick money scheme that doesn't require patience and thorough research of a project before investing.

 Don't be in a hurry to sell off your old assets for a new asset rather keep hodling on that your $1226 assets, you never can tell what the future holds for those assets in your portfolio.

R


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October 03, 2021, 01:30:12 PM
 #51

Can you provide any suggestions for potential future altcoins?
Here are some list of the Best Altcoins right now:
Ethereum(ETH)
Chainlink(LINK)
Uniswap(UNI)
Stellar Lumens(XLM)
Aave(AAVE)
Solana(Sol)
I recommend that you think carefully before trading and conduct some research in order to gain a better understanding of the crypto world. For further information, please go to this website. It will give you some idea of which altcoins are more suitable for trading.https://www.benzinga.com/money/best-alt-coins/
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October 03, 2021, 07:46:07 PM
 #52

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?
If you never mentioned Binance smart chain, that is what I would have recommended for you to start with . Since you’re already started with It , I’m now going to recommend that you start investing in Ethereum if you have not started doing that. Ethereum is another good cryptocurrency that you can invest in right now, one of the top crypto currencies in the market and a good choice to make.

Although the one thing I think you might not like about ethereum is the fact that the transaction fees are high at times. Other cryptocurrencies I'm going to recommend to you are Tron,dogecoin,and SHIB. these are coins I feel that are worth investing this time around. But don't just rush to invest in them, it will be very good if you can do your own research before you start.

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October 03, 2021, 07:59:27 PM
 #53

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
A good potential altcoin for future investment looks like you can choose only the top altcoins (ETH and BNB). Can we know where you have lost a lot of assets?
What is important in investing must be able to control emotions. Just put $1,226 into the top two Altcoins (ETH and BNB) and I'm sure you won't experience any more loss of assets like you have.
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October 03, 2021, 08:02:08 PM
 #54

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

Maybe you should try to invest some assets on Cardano coin, I see Cardano has great opportunities in the future. I estimate the price of Cardano coins to be $5 to $8. Maybe this is just my analysis based on Cardano coin smart contract development. The rest you can invest in ICOs or new projects, because most new projects currently pump up to 100%. Maybe you can check out some projects from a campaign, or projects launched without a campaign.
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October 03, 2021, 08:38:12 PM
 #55

just relying on instinct when trading, is like playing gambling...
It is really a gamble, trading isn't the usual gambling that we do like dice or roulettes. Unless a trader is considered himself to have that strategy even if he knows that there's a way to have a better trading experience and that's through learning analysis and being resourceful.
Resourceful in a manner that you're coping up with every news update coming from the market to react accordingly.
IMO trading is more suspenseful and stressful than traditional gambling means like poker and roulette. The fact that you have more agency over the odds of winning and losing in trading compared to gambling is what makes it more enticing yet stressful at times. Plus the fact that the same strat could work for the majority of traders makes it fun as well, but I digress. Investing should definitely be taken seriously and not be relied on your gut instinct.
To me, they have both of that level and it will increase depending on how a roller you are and what type of trader you are. Somehow there are those that use their instinct for it.
But, it's not that really applicable at all times and if there's a way to earn in trading through some strategies then that should be the key for it instead of just like doing a guess or relying on instinct.

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October 03, 2021, 08:41:24 PM
 #56

It is true that the saying experience is the best teacher, as a new player in the crypto world, it is very natural that we will fall and rise in investing.  And I think you are very lucky because you already have the BSC coin because it is a very potential coin for you to invest, but I have a recommendation for you to invest, it's a good idea to choose bitcoin and eth, because this coin is the main one among other coins,  and very stable for now.
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October 03, 2021, 08:57:01 PM
 #57

instinct is not a good thing to do in trading especially in the crypto you are currently doing.
although it is good to believe in your own intuition but this is not a gamble that only relies on luck, we are here to invest and trade. when we talk about this automatically relates to assets and money.
here it is not only required to do good instincts but indeed we have to be good at taking advantage of momentum and at least understand the basics of TA, this will be more influential and make you a little more considerate than just relying on instinct alone.

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October 03, 2021, 09:12:10 PM
 #58

not everything can be done by prioritizing instinct and intuition.
even if we have a high level of luck but it only affects a little here and not significantly.
because again crypto is very volatile and results that put forward guesses are too risky to do.
at least they make features as the help we need like candles or others is to make this more predictable with TA and research done.
this will be more helpful for traders to make predictions and speculations that will occur so that they can be prepared in advance.
even though the TA is still 50:50, this is better and will be more helpful than intuition and trading only by prioritizing instinct.
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October 03, 2021, 10:00:41 PM
 #59

I never heard someone trade with instinct. It is not something needed in trading, we need knowledge in trading. I cannot imagine if there is a person who really trades by instinct, it is a too bad idea. How can someone risk their money in trading by using a careless way? Remember that trading crypto isn't like when you are betting or playing luck-based gambling games. Trading is different, it needs sufficient knowledge to do it properly.

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October 03, 2021, 10:01:58 PM
 #60

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

You are lucky to have a friend that guides you to trade profitably, Binance is always a smart choice for investors everything you're looking for a coin with good potential are here, why ask here for good with good potentials in the market when you already have a friend who you is into Cryptocurrency for a long time, but if you really like recommendations these are my pick

Bitgesell / Idena / Solana / DPET, these are new coins but with good potential in the future.

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