Trading Cryptocurrency for 1 Week!

[josef.1979]

Does anyone have any experience in using a cryptocurrency trading bot? I have never used one but I saw an article on the web that was talking about the best crypto trading bots
https://www.routerhosting.com/crypto-currency-trading-bots-for-beginners-best-bots-and-strategies-more/
Is it good to use one?

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[MIner1448]

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

For example, one week is very little, judging by the afik, you were lucky that there was a bullish run on the alts, you traded purely intuitively, most likely by sculpting, but the most important thing is not afraid to try and this is the most important thing, many are afraid to enter the exchange in the first week, until they read a mountain of books.

[LastKiss]

Does anyone have any experience in using a cryptocurrency trading bot? I have never used one but I saw an article on the web that was talking about the best crypto trading bots
https://www.routerhosting.com/crypto-currency-trading-bots-for-beginners-best-bots-and-strategies-more/
Is it good to use one?

U still can lose your money even if you're using bots with any strategies because the crypto market is very volatile so I'm not recommending you trading with trading bots. It's better if you have some community that discusses crypto market movement and research with your own strategies.   

[geegaw]

Does anyone have any experience in using a cryptocurrency trading bot? I have never used one but I saw an article on the web that was talking about the best crypto trading bots
https://www.routerhosting.com/crypto-currency-trading-bots-for-beginners-best-bots-and-strategies-more/
Is it good to use one?

U still can lose your money even if you're using bots with any strategies because the crypto market is very volatile so I'm not recommending you trading with trading bots. It's better if you have some community that discusses crypto market movement and research with your own strategies.   

Except for the extremely fast evaporation mechanism, we should also think about the reliability of the software we are going to use, many bots actually install malicious code to take our assets, sometimes without malicious code there will also be certificate and quality problems. Don't hang bots overnight and don't use bots too much, we have invested and learned, should learn what is the source and the basis and refuse the shortcut, operate with our own hands and knowledge to mold into later reflections, blindly following the automatic program will be very error prone

[yhiaali3]

At first, I would like to say that I like to share experiences because they benefit everyone, but on the other hand, one week is not enough to judge a trading strategy with success or failure. You were lucky this week and made very good profits, but you have not yet experienced a correction or a market crash. I mean, you need several months to cover all market possibilities and build a successful experience.
The market goes through different uptrends, downtrends and inertia and each case takes a period of time so we cannot judge the success of a trading strategy unless it covers all of these cases over long periods of time.

[TelolettOm]

I agree with what most members say here. 1 week is not a wise period to measure whether our trading is successful or not.
We learn trading for several conditions and commonly every week will be also different.
If the week is in the good season, we may be getting much profit.
But vice versa, if this is very volatile and so much bad news, our 2 weeks may be very risky.
In this case, learning by doing in any condition of trading is very important and not only based on one week's experience.
But, at least, I appreciate with your effort here, because you tell what you were experiencing.

[lienfaye]

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

If you made profit in span of 1 week, probably the market is bullish, the reason why you're lucky to gain. But it depends on the coin that you trade, I only watch the few minutes of your video so I didnt know what other coins you buy to trade. Anyway 1 week is a short period and only good if the market is consistently moving upward, otherwise it takes longer to gain because the coins are unstable and it takes patience and need a right strategy in order to take advantage the market situation.

[justdimin]

learning by doing in any condition of trading is very important

Learning and trading are two different phases in trading and if you are into still learning then trading in live market is not at all recommended. You should not bother about how much profits you are making while learning but you must not on how often target is reaching and how often stoploss is hitting. If your target is reached more often then that must be the time to trade on live markets.

the coins are unstable and it takes patience and need a right strategy in order to take advantage the market situation.

This is what the situation of crypto markets most of the times. We must need a well tested strategy in order to profit and being emotionally stable along with a perfect risk management will help in profit making.

[Munir575]

Trading for a week those not mean you are a good trader, you might just be lucky you traded when the market was stable or during the bull run, before I believe you are a good trader you have to be able to survive the bear market or making profit during the bear market.

[proTECH77]

If you know what you are doing in the market, you can make a good profit within one week. If you study the price of that particular coin in the market, that is about to increase you will know if you will achieve something favourable income within one week. With all the market strategies i used during the week that qualify me to be part of the opportunity to earn well within a week.
It was not easy for me to make enough profit within one week, just that I listened to the forum information, that the price is about to drop that make me to release my coins for sale that help me to make massive income from my investments.

[South Park]

1 week is enough to understand how markets work in small timeframes, you have to focus on higher timeframes in order to understand deeply what whales trying to do. You should build your trading experience to analyze why market patterns are absolutely different on H4 compared to 15 min charts.  Consistent profits are not impossible but hard to reach that level of confidence, time will show which option suits better your trading style.

^ I week? I don't think so, probably it could be 1 month for me.
In 1 week it could be experienced trading for me, and the second understand the market price movement and the 3rd applying some strategies and the 4th one, you must learn and already know those mistakes and avoid that it will not happen next week. Trading is not a joke and it is not just easy of making money, you need good skills before you can start. Aiming for your trading plan is very important and to avoid possible losses.

Different persons are going to have different standards about how much time is needed to understand the markets, a few months seems like a safe bet for most traders to know what is happening in the market, but if we really want to be ready for anything that the market can throw us then a few years will be needed, this may seem to be too long but take a look at all the traders that have been around the market for less than a year, with the exception of a few months all of what they have seen is bitcoin going up, while those that have been here for years know how painful it can be that bitcoin does not move for a long time and when it does it goes down instead of up.

[martina14]

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

Trading in the first week would be enough if you are one of the Experts in trading industry. But if not, that period of time is not enough to gain a lot here in cryptocurrency space. Actually for a couple of years, I fully understand trading when 1 year and 4 months of practicing, because before I was only dependent in my lucky fortune but that was not right when I found out in the end.

[palle11]

https://www.youtube.com/watch?v=UmxGGxAvqus

I trade crypto for 1 week - in order to show you all that anyone can do it, and so you can see how well I do in the course of 1 week.

Trading in the first week would be enough if you are one of the Experts in trading industry. But if not, that period of time is not enough to gain a lot here in cryptocurrency space. Actually for a couple of years, I fully understand trading when 1 year and 4 months of practicing, because before I was only dependent in my lucky fortune but that was not right when I found out in the end.

A week really is too very short to talk about being a good trader or not. Some traders too after a year can't understand the market. Trading is a serious business and needs a lot of time to learn and master. Some of us after a year or two are still learning, learning is a continuous process in trading.There are rise and fall in trade and so we keep learning how to trade better. A week is very small to say of such performance because waves can still blow your experience.

[Sweetbtc]

I think you worked hard but luck is with you. Some time market down for whole week which is very bad for day traders. I personally prefer long term holding rathet than day trading. I have lost much in day trading now i will never go into..

[Peanutswar]

Trading within a week gives a lot of lessons if you make a trade while the market goes up trend good for you but again not all the time the trading gives a winning day. The market trends can be your enemy or friend. Always learn from the mistakes, analyze and execute a proper way to earn back and get profit. The first week is not the same as other trades. Always make keep an eye on the market volatility it's crypto.

[molsewid]

Trading within a week gives a lot of lessons if you make a trade while the market goes up trend good for you but again not all the time the trading gives a winning day. The market trends can be your enemy or friend. Always learn from the mistakes, analyze and execute a proper way to earn back and get profit. The first week is not the same as other trades. Always make keep an eye on the market volatility it's crypto.

In my own experience of trading crypto with a span of 1 week was somehow exciting and full of lesson learned experienced, in trying a 1 week trading I keep on visiting the market from time to time, checking how the price goes on with just a moments of second. Though I have already set a limit of how much the price that I wanted to sell my crypto but somehow it didn't go the way I wanted to happen. I think 1 week trading will be easier for those expert in trading but for newbie this will be difficult, but still trade on your own risk and choose to try this day trading on a crypto that you think will going to have a good market price within a week for you to be able to get a profit out of it. 

[Yamifoud]

Trading within a week gives a lot of lessons if you make a trade while the market goes up trend good for you but again not all the time the trading gives a winning day. The market trends can be your enemy or friend. Always learn from the mistakes, analyze and execute a proper way to earn back and get profit. The first week is not the same as other trades. Always make keep an eye on the market volatility it's crypto.

In my own experience of trading crypto with a span of 1 week was somehow exciting and full of lesson learned experienced, in trying a 1 week trading I keep on visiting the market from time to time, checking how the price goes on with just a moments of second. Though I have already set a limit of how much the price that I wanted to sell my crypto but somehow it didn't go the way I wanted to happen. I think 1 week trading will be easier for those expert in trading but for newbie this will be difficult, but still trade on your own risk and choose to try this day trading on a crypto that you think will going to have a good market price within a week for you to be able to get a profit out of it. 

Well, just like you do. I check more often on the market due to some excitement but in the next few days, that is found hard and sometimes I think about to stop especially on those days that I'd lose half of my capital.
For me, a 1-week span in trading is not enough to test ourselves and our minds. A lot of things can be done and can't be shortened for just 1-week in trading. Maybe we could say that we are good at 1-week and might we are in perfect timing but this far different experience when the market just about to drop.

[Emitdama]

I think you worked hard but luck is with you. Some time market down for whole week which is very bad for day traders. I personally prefer long term holding rathet than day trading. I have lost much in day trading now i will never go into..

This is like fortune will favor brave. If you are good at technical analysis and at all required trading skills then you never need to worry about downfall markets; you can still make good profits with the help of your skills.

At the same time like many people mentioned that OP must need to try their strategy for at least one month of time so that concluding about the effectiveness of their strategy will be appropriate. When we are trying multiple time with same strategy then we will see different results across different market fluctuations which is more important on evaluating the effectiveness of one particular trading strategy.

[South Park]

I think you worked hard but luck is with you. Some time market down for whole week which is very bad for day traders. I personally prefer long term holding rathet than day trading. I have lost much in day trading now i will never go into..

This is like fortune will favor brave. If you are good at technical analysis and at all required trading skills then you never need to worry about downfall markets; you can still make good profits with the help of your skills.

At the same time like many people mentioned that OP must need to try their strategy for at least one month of time so that concluding about the effectiveness of their strategy will be appropriate. When we are trying multiple time with same strategy then we will see different results across different market fluctuations which is more important on evaluating the effectiveness of one particular trading strategy.

I am not so sure about that, even if you are really good at TA there are many books which state there are market conditions that are so extreme, dangerous and unreadable that the best course of action is simply to not trade and just do something else with your time, and I think the crash after a huge bull market falls within that category, as the crash can be massive and it is going to be very difficult to react fast enough to it and even if you have sell orders in place the slippage will be massive under those circumstances, so it is better to avoid trading too much under those conditions.

[FanEagle]

I think you worked hard but luck is with you. Some time market down for whole week which is very bad for day traders. I personally prefer long term holding rathet than day trading. I have lost much in day trading now i will never go into..

This is like fortune will favor brave. If you are good at technical analysis and at all required trading skills then you never need to worry about downfall markets; you can still make good profits with the help of your skills.

At the same time like many people mentioned that OP must need to try their strategy for at least one month of time so that concluding about the effectiveness of their strategy will be appropriate. When we are trying multiple time with same strategy then we will see different results across different market fluctuations which is more important on evaluating the effectiveness of one particular trading strategy.

If you are trying to refer shorting then I am not positive about that because it is always good to go buying with bitcoin market because the overall trend is always bullish and going against the overall trend may trap you one day or other.

I agree with your opinion about trading skills because it is more important than following the trend at the same time in my opinion when you are trading in the direction of trend then you will get better chances rather than believing into your trading skills. As we read a lot about failure of technical analysis time to time then I believe it would be much better not relying only on our technical skills but we should bother about other aspects of safer trading as well.