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Author Topic: What did you learn about crypto trading?  (Read 2288 times)
AakZaki
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December 20, 2021, 04:17:06 PM
 #101

With crypto trading, I learned more about how markets really work... what is pump and dump scheme, what is bull/bear market... about spread, volatility, entry/exit points... and about much other stuff! I got into crypto trading without knowledge about trading at all, it was fun to do it and to learn more about it while I am doing it! I think I scratched the surface, there are too many things to learn about trading and trading options... so basically learning about trading should never stop, we need to upgrade our knowledge all the time if we wish to make a profit in long run!
Knowledge about cryptocurrencies, about trading must certainly be improved, because the market will continue to fluctuate and have different patterns. Technical and fundamental analysis are basic lessons that need to be mastered in order to trade.
Not only that, psychology in trading also needs to be trained. Make small trades as often as possible to practice how you read the market and what strategies are suitable for you to implement. Many strategies and trading tools that can be used.
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December 20, 2021, 04:50:08 PM
 #102

What I have learned is that one should not be angry or blame himself over you not being able to hold till date because what ever you might have used the money for as at then way for a purpose. Let the past be the past and forget the formal trading decision you have made and just make an informed trading decision now that you have learned a lesson from the past.

In fact, ideals in all trades have the most difficult, controlling emotions when the market is in bad shape while traders will experience two seasons which are unavoidable. Some will learn from their mistakes while trading, but some will still find it difficult when there is no one else beside them who can give a warning that in crypto things can happen without us predicting.

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December 20, 2021, 05:06:31 PM
Merited by GeorgeJohn (2), Bushdark (1), Zlantann (1), Symmetrick (1)
 #103

Trading isn't for everyone it's only for those who can control their emotions and also those who have the patience for analysis. It's more profitable when trading the obvious not something that looks like a good entry point but an entry point with good analysis that has a confluence.

Once analysis is not accurate about a trade the rest of what the trader does is gambling and this where emotions begin to manifest because without good background analysis making profit will just be by chance and not a product of analysis
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December 21, 2021, 10:35:47 PM
 #104

trading requires skill and also good knowledge in it because then we can determine the right time to sell or buy the coins in the market. besides that a trader must also have a strong mentality and also never give up so that in the future if there is a failure they can learn from it and become better. what needs to be underlined here being a trader is not easy, not just buying and selling but we must be able to analyze the market well and choose the good coins among the many coins on the market.

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December 22, 2021, 05:10:03 PM
 #105

i learnt Once you’re in don’t leave. I cashed out my assets after I lost my job for a few months and when I came back it was a completely different world. So I guess you can say I learned everything from scratch this year.
I lerant Stop trying to sell and buy at the right times, so much more research, pick a couple of projects to continue to invest in and focus on them.

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December 22, 2021, 08:52:48 PM
 #106

Trading isn't for everyone it's only for those who can control their emotions and also those who have the patience for analysis. It's more profitable when trading the obvious not something that looks like a good entry point but an entry point with good analysis that has a confluence.

Once analysis is not accurate about a trade the rest of what the trader does is gambling and this where emotions begin to manifest because without good background analysis making profit will just be by chance and not a product of analysis
This is a very key point. People think that "oh, if I study this hard, and learn all these, and chat with these people, watch these videos, read these books, then I will be putting up 100+ hours into learning and that should be enough". That's a very wrong way to think, if you are great at it then you are great at it, if you are bad at it then you are bad at it.

Some people could spend 1000+ hours and still be losing money while trading, some people could spend just a week and learn it very well. It is a bit about characteristic of a person, I have been involved with crypto trading for years and I would say I am still at the very best "decent" at trading, whereas I have seen people who managed to make millions of dollars with just a few grand in a year after they started. So, if you want to know the most important thing; it is not for everyone.

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December 22, 2021, 10:19:02 PM
 #107

i learnt Once you’re in don’t leave. I cashed out my assets after I lost my job for a few months and when I came back it was a completely different world. So I guess you can say I learned everything from scratch this year.
I lerant Stop trying to sell and buy at the right times, so much more research, pick a couple of projects to continue to invest in and focus on them.
Just dont rush up because rushing would really result into mistakes because you would be definitely be trying out hard just because you are pursuing something which you do need to happen in a short

span of time. Learning does really need sufficient time and it do involves lots of trials and error on your trading career and this is something which can be attain  depending on how

you do deal with it.Once you do learn then it would be a forever skill you would have and able to deal with volatile markets.

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December 23, 2021, 01:57:29 PM
 #108

I think that anyone how use trading first they gain there knowledge about the crypto market and according to my experience anyone use a trading so they definitely received a profit but the main point is that they buy a token so cannot sell there token fast and other is loss the great way is that they hold there token and definitely they got a huge amount.

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December 24, 2021, 03:11:55 PM
 #109

I learned a lot of things while trading and it did help me to trade better after  that. managing the assets that we have will greatly depend on the profit or loss that can be obtained so as much as possible manage it as well as possible. trading has taught us many things to be more patient and careful because we have to be smart to wait for the right moment to buy or sell coins. trading is not everything that is imagined where we only need to sell and buy coins, it's not that easy. what we do has a huge impact on the assets that owned.

.
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Sihab76
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December 24, 2021, 09:43:35 PM
 #110

The lesson I have learned from cryptocurrency trading is that you will never lose heart. An important factor in trading is that you invest when the market dumps When you pump, you will sell the coins you have invested in the market.
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December 25, 2021, 06:13:02 AM
 #111

Trading is not just to earn but also to learn. If you have learned about markets and traded them for over two years, I believe you have a lot of experience and you have learned a lot about it. Trading can be a deceiving profession because you can earn a lot through this and it could change your living but don't forget the fact that if you do not spend the time to learn, you’ll just waste a lot of time and money.

Sometimes newbie in trading  have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.

Well, for being here in the cryptocurrency in 4 years almost, I treated this crypto trading as my own assets not the coin itself.
Because, aside from you can obtain learnings and followed by earnings in it, I also learned how to plan to manage the fund we get
from the trading activity we did here. We can learn how to plan, learn how to get our goal and to reach our dreams in the end.

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December 25, 2021, 06:30:19 AM
 #112

for being here in the cryptocurrency in 4 years almost, I treated this crypto trading as my own assets not the coin itself. Because, aside from you can obtain learnings and followed by earnings in it, I also learned how to plan to manage the fund we get from the trading activity we did here. We can learn how to plan, learn how to get our goal and to reach our dreams in the end.
Even I am not able to get exactly what you are referring by "treating own assets" against "just coins", I understand you might be having something different approach for your profits from cryptocurrency trading. This happens when people achieve after lots of preparations and struggles. When you are achieving something after hard works and tiring efforts, the result will get a place next to heart. Such an approach would be possible only by own experiences and cannot be learned or observed from others.

Personally I do trade occasionally when my technical analysis shows double confirmed signals and I do try to save my profits separately for future; this way I treat my trading results different from all other earning.

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January 25, 2022, 09:49:11 PM
 #113

What I have learned is that one should not be angry or blame himself over you not being able to hold till date because what ever you might have used the money for as at then way for a purpose. Let the past be the past and forget the formal trading decision you have made and just make an informed trading decision now that you have learned a lesson from the past.

 Some will learn from their mistakes while trading, but some will still find it difficult when there is no one else beside them who can give a warning that in crypto things can happen without us predicting.
And that was why I do mention it to some people who care to that trading crypto currency is not main for everyone just because you are looking for money via trading for I strongly believe that there are other things that people who are not good in trading can do and be making money more than crypto currency traders. Identify what you are good at and stop waisting your money in trading crypto currency is my message for those struggling with trading.

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January 25, 2022, 09:55:20 PM
 #114

What I have learned is that one should not be angry or blame himself over you not being able to hold till date because what ever you might have used the money for as at then way for a purpose. Let the past be the past and forget the formal trading decision you have made and just make an informed trading decision now that you have learned a lesson from the past.

 Some will learn from their mistakes while trading, but some will still find it difficult when there is no one else beside them who can give a warning that in crypto things can happen without us predicting.
And that was why I do mention it to some people who care to that trading crypto currency is not main for everyone just because you are looking for money via trading for I strongly believe that there are other things that people who are not good in trading can do and be making money more than crypto currency traders. Identify what you are good at and stop waisting your money in trading crypto currency is my message for those struggling with trading.
This is why you should be considerate on whats your passion because you wouldnt really be that much effective into something which doesnt really interest you thats why you should be mindful if this one is really your liking to do or just been hyped or been influenced by someones.
When it comes to learning then it would be neither following someone but its not recommendable and nothing beats out if you do able to learn for yourself without relying on someone.
Come to think that all of sources you do need can really be found on the net which means it would really be just needing some sort of effort and time for you to deal with.

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January 25, 2022, 10:17:24 PM
 #115

Trading is not just to earn but also to learn. If you have learned about markets and traded them for over two years, I believe you have a lot of experience and you have learned a lot about it. Trading can be a deceiving profession because you can earn a lot through this and it could change your living but don't forget the fact that if you do not spend the time to learn, you’ll just waste a lot of time and money.

Sometimes newbie in trading  have the wrong mindset. They are just trying to make money as fast as possible, because they think trading can make them rich quickly which is definitely wrong perception.

During the time I started trading in crypto, I didn't think of making huge money instead I was thinking how to trade successfully and how to avoid losses so that I can keep my small capital secured. In other word, I was afraid of losses. Spending time to learn and understand technical analysis, the trading view platform,and a market as a whole has shown me that making a living and earning good profit is possible in crypto market.

I've also learned that Trading is not an easy money machine. It always need your time and effort and most important you have a lot of knowledge, strategies, patience and self discipline. If you are able to enter, you should also determine your trade exit.

When I first time start trading I had a mindset that trying to make money as much and as fast as possible but in reality it's not that easy. We should keep patience, we should keep our emotions, we should keep our greed. Because trading is not that simple I should learn the basics, I should watch the news, and many more. Also one more thing that I learned that we should use our money that we can afford to lose


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January 25, 2022, 11:17:12 PM
 #116

What did you learn about crypto trading?
Many things.
I learned many things from crypto trading. I learn how trading strategy may not exactly fit us or others, depending on who we are and how much our capital. I learned about some emotional problems faced in crypto trading, moreover as greediness, panic, and also impatience.
I learnt also how to diversify and also do some fund management which is actually quite difficult for me because sometimes I am too greedy to diversify or manage or control my desire.
I learned about trading new coins is very very risky and I will not take them again.

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January 25, 2022, 11:26:54 PM
 #117

What did you learn about crypto trading?
Many things.
I learned many things from crypto trading. I learn how trading strategy may not exactly fit us or others, depending on who we are and how much our capital. I learned about some emotional problems faced in crypto trading, moreover as greediness, panic, and also impatience.
I learnt also how to diversify and also do some fund management which is actually quite difficult for me because sometimes I am too greedy to diversify or manage or control my desire.
I learned about trading new coins is very very risky and I will not take them again.
The more we do actual trading the more learning we also earn.
*patience
*decision making
*analysis

A lot of things have been changed for us particularly in being positive about what we do. It is risky, yeah, but it also gives us more than a profit in returns. That is why people who don't want to change their attitude and behavior will certainly fail and then give up too quickly.
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January 27, 2022, 01:35:20 AM
 #118

What did you learn about crypto trading?
Many things.
I learned many things from crypto trading. I learn how trading strategy may not exactly fit us or others, depending on who we are and how much our capital. I learned about some emotional problems faced in crypto trading, moreover as greediness, panic, and also impatience.
I learnt also how to diversify and also do some fund management which is actually quite difficult for me because sometimes I am too greedy to diversify or manage or control my desire.
I learned about trading new coins is very very risky and I will not take them again.
The more we do actual trading the more learning we also earn.
*patience
*decision making
*analysis

A lot of things have been changed for us particularly in being positive about what we do. It is risky, yeah, but it also gives us more than a profit in returns. That is why people who don't want to change their attitude and behavior will certainly fail and then give up too quickly.
Given up too quickly could be as a result past history one must have had with let say trading. In the past have lost a lot of money while trading Forex and made some profit though but past history always have effect on one current decision.

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January 27, 2022, 07:08:12 AM
 #119

I came across the writings of someone who learned from his 5 years of trading experience. Don't know how successful his portfolio is at this point, but it's still interesting to read. 10 Crypto Trading Lessons. ~by EmperorBTC

Your loss is your best financial advisor. A successful trader is not inspired by the success of others, but is inspired by every losses that is used as lessons.

This space for rent.
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January 27, 2022, 07:57:28 AM
 #120

What did you learn about crypto trading?
Many things.
I learned many things from crypto trading. I learn how trading strategy may not exactly fit us or others, depending on who we are and how much our capital. I learned about some emotional problems faced in crypto trading, moreover as greediness, panic, and also impatience.
I learnt also how to diversify and also do some fund management which is actually quite difficult for me because sometimes I am too greedy to diversify or manage or control my desire.
I learned about trading new coins is very very risky and I will not take them again.
The more we do actual trading the more learning we also earn.
*patience
*decision making
*analysis

A lot of things have been changed for us particularly in being positive about what we do. It is risky, yeah, but it also gives us more than a profit in returns. That is why people who don't want to change their attitude and behavior will certainly fail and then give up too quickly.
Given up too quickly could be as a result past history one must have had with let say trading. In the past have lost a lot of money while trading Forex and made some profit though but past history always have effect on one current decision.
We can't deny that sometimes what someone has experienced in the past can have an effect on making decisions now and that's the truth.
even so at least we can learn from past experiences so that it won't make it easy to give up,
I hope everyone can control and be responsible for himself

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