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Author Topic: Just a piece of advice needed here folks  (Read 705 times)
Fatunad
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October 25, 2021, 07:23:17 PM
 #61

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.
I have a friend like this. He knows how much he will invest at what price, he knows what he will do when it drops to a certain price, he knows what to do when it goes up to a certain price. Dude managed to actually make a profit AND still have coins at the same time. This happens when the thing you invest into doubles in profit for example. So you invested 100 dollars to something, and it reached 200 dollars? You take the 100 dollars out, and then the other 100 dollars worth can stay like that forever.

This is just one method, there are so many people who do so many different ways. This is why I believe that there is a good case to be made about crypto and how to plan for your future. I started to learn some stuff from him, not coin related because I like to pick my own coins, but I learned more stuff about how to think for the future and it really helped me a lot.



There are many methods, and you will learn it from time to time,
it's experienced that will guide you in properly assess which strategy is best fit to your personalities,

trading is not a game but a good place where you can change your financial status.

Many successful traders start with nothing but because they are very keen on learning the deeper side of the business.
they managed to succeed and they exceeding to the point that whatever the direction the market is moving they are still compensating.
You wouldnt really get experience if you wont tend to engage on it personally thats why you should really need to be that consistent and of course you should persevere and have that patience.
Trading isnt something a simple thing that you could deal with and this is really an unpredictable market which you could deal with.Losing is inevitable thats why you do need to resist
and sustain no matter what.You should think of those losses are learning curves or stepping stones to success.Everything cant really be handled out easily.

R


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October 25, 2021, 08:34:09 PM
 #62

We are all out looking for money via trading and for you to be successful you will really need to have a good plan on how much you should be making either on a daily, weekly or monthly basis and work base on the plan you will be successful in your trading. And for your to successful you will need to be discipline and not trade with greedy mind.
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October 25, 2021, 09:36:39 PM
 #63

We are all out looking for money via trading and for you to be successful you will really need to have a good plan on how much you should be making either on a daily, weekly or monthly basis and work base on the plan you will be successful in your trading. And for your to successful you will need to be discipline and not trade with greedy mind.

Discipline is key when it comes to trading crypto. You have to be able to keep to your rules and plans without deviating when the situation changes. My suggestion would be to set realistic targets that wouldn't be too hard to achieve and then scale it from there till you get  comfortable chasing over higher targets.

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October 25, 2021, 10:04:58 PM
 #64

We are all out looking for money via trading and for you to be successful you will really need to have a good plan on how much you should be making either on a daily, weekly or monthly basis and work base on the plan you will be successful in your trading. And for your to successful you will need to be discipline and not trade with greedy mind.

Discipline is key when it comes to trading crypto. You have to be able to keep to your rules and plans without deviating when the situation changes. My suggestion would be to set realistic targets that wouldn't be too hard to achieve and then scale it from there till you get  comfortable chasing over higher targets.
I agree that we need a discipline in order to achieve our target while setting aside our emotions when trading. You will encounter lots of uncertain feelings about of your trades and it's frustrating if you keep feeling like that—that's why you need a discipline to control your emotion and proceed with the plan.

Moreover, in the long run you will get to learn different strategies that you will be using when trading as long as you maintain your self-control. Don't be afraid to lose it's just part of the everyday life of a trader, what matters most is how much is your winning/profit compared to your losses.

3996
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October 26, 2021, 04:20:40 AM
 #65

 

Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.
Exactly as a small trader or investor we can't buy One Bitcoin, and for this reason we can't take profit from Bitcoin holding. For this reason altcoin is best for buying and from altcoin profit we can buy Some amount Bitcoin satoshi for long time holding.               
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October 26, 2021, 02:20:51 PM
 #66

 

Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.
Exactly as a small trader or investor we can't buy One Bitcoin, and for this reason we can't take profit from Bitcoin holding. For this reason altcoin is best for buying and from altcoin profit we can buy Some amount Bitcoin satoshi for long time holding.               
But we can hope that someday, we can earn more than one bitcoin from the altcoin because I am sure that will happen to us if we have so many potential altcoins ready to sell at a high price. We should pick the potential altcoins to make a big profit, and we already know what the altcoin name is. So in the next altcoin season, we can expect to get a big profit from that altcoins.
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October 27, 2021, 08:14:09 PM
 #67

 
Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.
Exactly as a small trader or investor we can't buy One Bitcoin, and for this reason we can't take profit from Bitcoin holding. For this reason altcoin is best for buying and from altcoin profit we can buy Some amount Bitcoin satoshi for long time holding.               
But we can hope that someday, we can earn more than one bitcoin from the altcoin because I am sure that will happen to us if we have so many potential altcoins ready to sell at a high price. We should pick the potential altcoins to make a big profit, and we already know what the altcoin name is. So in the next altcoin season, we can expect to get a big profit from that altcoins.

it depends on the alts you are holding here as many of them are not really worth holding. but if you will stick to top alts like eth, bnb, you have high chance to get your profits because they have solid foundation as compared to most. also, look for other top 10 alts with very good use case in the market as they will also be worth holding.
but don't forget to hold btc first and foremost. because it has proven by time, that this is worth holding. even if the value today is going down, the likelihood of going up in the coming days is very high.

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October 29, 2021, 03:40:58 AM
 #68

I agree with most of you here; there is a flaw in your strategy. You should try to change and keep a track of your strategies, so in future if it fails you could check what went wrong.
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October 29, 2021, 03:58:28 AM
 #69

You need to learn market strategies before investing strategies cannot be found without proper knowledge of the market altcoin is a good investment with bitcoin to make a profit as the price of bitcoin rises so does the price of altcoin. There are many investors who are making a profit on altcoin and investing in bitcoin so their currency is doubling this is a good opportunity to buy profits can be made from both sides.
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October 29, 2021, 04:48:26 AM
 #70

You need to learn market strategies before investing strategies cannot be found without proper knowledge of the market altcoin is a good investment with bitcoin to make a profit as the price of bitcoin rises so does the price of altcoin. There are many investors who are making a profit on altcoin and investing in bitcoin so their currency is doubling this is a good opportunity to buy profits can be made from both sides.
I find it vague on your stand here about market and investment strategies, I think market was specific and investment was the more like the broader concept.

Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.
Newbie should learn about this regardless, they can make profit even just by investing on Bitcoin. Many are worried about the dollar value and not with how much sats or Bitcoin they can afford. This day you got 1 BTC for your BTC balance but mostly if your portfolio are on alts and the other day it goes down and the tendency was it go down fast compare to BTC, that balance would decrease too, let's see it will become 0.95 or something.
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October 30, 2021, 09:25:24 AM
 #71

Risk shouldn't be what you are afraid to take,it should be a part and parcel of you.Know that risk takers are millionaires and billionaires,they stand ontop.As it is often said,it is very risky to take a risk.
Don't be scared to loose money,have a strategy that will work for you,do lots of research,read books on trading, and have a positive mindset about it.



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October 31, 2021, 06:28:12 PM
 #72

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍
I actually don't know what is your strategy in the first place but I think it was still good to hear that you were earning. But you wanted more and that seems the biggest challenge for you now. But what I could suggest for you is to just improve your strategies, you don't need to look for perfect timing as it was really hard to find. By enhancing your knowledge and becoming more versatile with the market changes, the more it is likely to get the closest one.
You already have in a good position, only you need is to step forward and try another strategy to assess if that works for you.

The truth is that the key to withdrawing from a project that is in full swing is many times to be lucky, also to monitor the project and evaluate the options you have with the events that are currently being experienced and see how far you can go, well, in actually predict how far you can go.

I have been in few such projects, and they have really gone under the roof by their own creators and developers when they refuse to allow their projects to enter Tier 1A exchanges. This is one of the options to evaluate, another is if the creators of the project refuse to different businesses and expand the project, those are the things that I have learned so far.

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darewaller
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October 31, 2021, 08:06:21 PM
 #73

Discipline is key when it comes to trading crypto. You have to be able to keep to your rules and plans without deviating when the situation changes. My suggestion would be to set realistic targets that wouldn't be too hard to achieve and then scale it from there till you get  comfortable chasing over higher targets.
Not that you are wrong but no one can actually predict the right time to exit the market for any altcoin.

I was among the few people who held dogecoin for a very long time, for technically no reason but love for the coins. Then some time ago, before the Elon Musk saga started, I sold my doges because I needed some cash and I never felt selling doges for cheapwas a bad decision because in a perfect world, there is no reason why doge coin among all other great ones will pump.

So, no matter what you think, anything can happen and I've now started to save some coins of every type, you never know which ones will pump even after you have lost faith in them.
fullhdpixel
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October 31, 2021, 08:22:52 PM
 #74

Risk shouldn't be what you are afraid to take,it should be a part and parcel of you.Know that risk takers are millionaires and billionaires,they stand ontop.As it is often said,it is very risky to take a risk.
Don't be scared to loose money,have a strategy that will work for you,do lots of research,read books on trading, and have a positive mindset about it.
Everything you said along with being realistic in your approach and strategies. If you end up cashing too early it should not bother you too much as long as you profit from that trade. If you lose money and the coin pumped, then yes review your strategy because you panicked earlier than you should have most likely.

I have seen so many people recommending reading books but I am yet to find a book that actually helps understand the crypto currency trading in depth. Most of the books will either focus on the general market or some that are focused on crypto will tell you more what bitcoin is than it's trading.

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DarkDays
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October 31, 2021, 09:11:22 PM
 #75

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍
You seem to know what you want, but are not so clear on the actions you need to take to get you there.

One of the things is that you learn by practice is having a clear defined goal i.e. if a coin reaches X time then I'll take profits at 10-20% range. From there you range it and adapt per project.

Nobody has perfect timing (at least not all the time) but the more you're involved in the market the more you'll get a feel for it.
Learn to no be greedy either. Set yourself a target and when that's reached you pull the plug. From there is all about refinement!
Hamphser
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October 31, 2021, 09:26:04 PM
 #76

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍
You seem to know what you want, but are not so clear on the actions you need to take to get you there.

One of the things is that you learn by practice is having a clear defined goal i.e. if a coin reaches X time then I'll take profits at 10-20% range. From there you range it and adapt per project.

Nobody has perfect timing (at least not all the time) but the more you're involved in the market the more you'll get a feel for it.
Learn to no be greedy either. Set yourself a target and when that's reached you pull the plug. From there is all about refinement!
Just to add up that if he did really make out those things then it shouldnt really be in a hurry because things would get messy if you do have this kind of behavior on which

you do rush up on making yourself on learning on everything which is impossible thats why you should take it slowly and surely until you do have some good grasp in the market although it wont be always as precise but you could at least have the idea on whats going on.

Take to familiarize everything because this isnt something you could get in one go.

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BuNga_cute
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October 31, 2021, 09:56:14 PM
 #77

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍
You seem to know what you want, but are not so clear on the actions you need to take to get you there.

One of the things is that you learn by practice is having a clear defined goal i.e. if a coin reaches X time then I'll take profits at 10-20% range. From there you range it and adapt per project.

Nobody has perfect timing (at least not all the time) but the more you're involved in the market the more you'll get a feel for it.
Learn to no be greedy either. Set yourself a target and when that's reached you pull the plug. From there is all about refinement!
Just to add up that if he did really make out those things then it shouldnt really be in a hurry because things would get messy if you do have this kind of behavior on which

you do rush up on making yourself on learning on everything which is impossible thats why you should take it slowly and surely until you do have some good grasp in the market although it wont be always as precise but you could at least have the idea on whats going on.

Take to familiarize everything because this isnt something you could get in one go.

To become successful traders is not easy, apart from the knowledge we must have. We also have to have experience, and experience is obtained
from the many trades we do. So we can't rush into trading, it takes patience in trading, no success is obtained in one go. Sometimes we have
to experience several losses first, to finally be able to correct the mistakes we made when trading. We have to get used to having the patience
to understand how the crypto world works, indeed to succeed it takes a long process.

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nelson4lov
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October 31, 2021, 10:58:59 PM
 #78

Discipline is key when it comes to trading crypto. You have to be able to keep to your rules and plans without deviating when the situation changes. My suggestion would be to set realistic targets that wouldn't be too hard to achieve and then scale it from there till you get  comfortable chasing over higher targets.
Not that you are wrong but no one can actually predict the right time to exit the market for any altcoin.

I was among the few people who held dogecoin for a very long time, for technically no reason but love for the coins. Then some time ago, before the Elon Musk saga started, I sold my doges because I needed some cash and I never felt selling doges for cheapwas a bad decision because in a perfect world, there is no reason why doge coin among all other great ones will pump.

So, no matter what you think, anything can happen and I've now started to save some coins of every type, you never know which ones will pump even after you have lost faith in them.

That is true and I want to acknowledge it. I was just pointing out to OP that in trading, if you've a plan and follow it to the latter, the results are not that bad. That's why I said something about keeping realistic targets before scaling up. No one knows the top or bottom that's why we need to use all tools available at our disposal (TA and FA) as they would help boost our chances of getting our entries at  better levels.

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bewegaleri
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November 01, 2021, 02:23:32 AM
 #79

You should try an alternative income. A HYIP, maybe? Why invest in hyip?
It's simple: there is a high probability of profit. Whoever tells you what, the main thing in investing is the ratio of risk and return . With proper selection, this ratio is very attractive. And it doesn't matter the type of projects (with high non-trading risk or low), as I said, you can make money in both cases. You can find most comprehensive strategy on investing in HYIP in cashkopilka.ru
Silberman
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November 01, 2021, 09:47:38 PM
 #80

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍
The only way is to begin to test some strategies and see if on paper those strategies perform better than what you are currently doing, however something tells me that if you were to try to put into words what you are doing right now when you decide to exit the market you will not be able to do it, which means that you need to set a more robust strategy that does not depend entirely on your judgment of the situation at the time, and that it simply tells you what to do and you execute your strategy when it is time to get out of your position.
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