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Author Topic: What did you learn about crypto trading?  (Read 2288 times)
AnonBitCoiner
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March 17, 2022, 07:35:58 PM
 #201

I have learned two best things from crypto.
1: Never create a sell limit order where a flick could exercise it. (Lost heavily).
2:  Never make a move based on the news. (Heavy loss). Too few big whales left in exchanges that can easily  manipulate the market using a lot less funds.



 

 

 

 

 

 


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March 22, 2022, 11:47:54 AM
 #202

Me, well never trade in greed and never make it your primary income unless and until you are full time into the crypto trading and have completely focused on developing your skills all the time. You can’t just buy coins and wait for them to grow. You have to be proactive when you have created your portfolio. You have to take multiple chances of selling and buying same coins so that you can incubate and grow them. This is all I am learning about the crypto trading specifically. I’m pretty sure with the time I will be able to trade way professionally but not able to control emotions as of now.
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March 22, 2022, 12:01:26 PM
 #203

I have learned two best things from crypto.
1: Never create a sell limit order where a flick could exercise it. (Lost heavily).
2:  Never make a move based on the news. (Heavy loss). Too few big whales left in exchanges that can easily  manipulate the market using a lot less funds.

Most of my movement from based on the news if I'm trading altcoins for short term, I did it on mostly altcoins because they easily increase and decrease in price rather than top coins. But keep in mind that what I do is really high risk so whenever I trade short term for altcoins usually I used my cold money to trade to prevent any stress incoming due to loss.

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March 24, 2022, 03:10:07 AM
 #204

.
The lesson which I learned from my few trading transactions are that I am not suitable guy for this. I switched myself from trading to HODLing  very early and that helped me in minimizing my crypto loss.


What I mean by old-fashioned is that I think nanotech acting and long-term holdings are something they hold, but investors here still need to be patient.  Some of the basic basics need to be weighed down, but just like that, I also prefer a more appropriate and holding technique than trading.
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March 24, 2022, 04:03:05 AM
 #205

I have learned two best things from crypto.
1: Never create a sell limit order where a flick could exercise it. (Lost heavily).
2:  Never make a move based on the news. (Heavy loss). Too few big whales left in exchanges that can easily  manipulate the market using a lot less funds.

Most of my movement from based on the news if I'm trading altcoins for short term, I did it on mostly altcoins because they easily increase and decrease in price rather than top coins. But keep in mind that what I do is really high risk so whenever I trade short term for altcoins usually I used my cold money to trade to prevent any stress incoming due to loss.

I think the best strategy that works in trading crypto currencies   is to first choose the project that is fundamentally strong, its price has good history of volatility  and project is progressing.The next important thing is your skills to read/understand technical charts of various Indicators and identify buy and sell signals and get them confirmed by another indicator. Third important thing is good knowledge of Money/Risk management which is also important to save your account from total loss.









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AicecreaME
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March 24, 2022, 03:35:03 PM
 #206

I have learned two best things from crypto.
1: Never create a sell limit order where a flick could exercise it. (Lost heavily).
2:  Never make a move based on the news. (Heavy loss). Too few big whales left in exchanges that can easily  manipulate the market using a lot less funds.

Actually the news thing is true, cryptocurrency is also affected by news especially when Bitcoin is the one that's on the news (a bad news), then altcoins is also affected. About the limit order, it is true, that's why before making a trade, always check your technical analysis to be aware of possible fake outs to avoid loss of profits, because that's what always got me when I was just starting trading last year.
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April 03, 2022, 04:44:02 PM
 #207

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.
indeed to be able to trade crypto is not easy, and to be able to achieve big profits, of course it takes experience and sufficient flight hours to trade, many people who are new to crypto trading want big profits, that's why a lot of new traders suffer huge losses, because they are greedy to get big profits, without them realizing that the crypto market moving up and down will not always be what they want.

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April 03, 2022, 09:14:39 PM
 #208

Some lessons i have learntfrom trading are:
  • always take profits out, as a satoshi a day makes a difference
  • Dont over trade,winners know when to leave
  • Patience is golden
  • Don't trade all coins, find coins that you can master their movements
  • perfect one strategy to use for your trading and stick to the plan
  • Dont trade with emotions

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StarKay
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April 04, 2022, 05:02:24 AM
 #209

From my few years if trading cryptocurrency, I've learnt to avoid trading futures and stick mainly to spot trading.

I've learnt that it is not every coin that one should trade and also to avoid putting too much trading capital into any particular coin. Before trading any new crypto, research should be done to avoid falling into rugpull.

Also do not trade on just any exchange.

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April 04, 2022, 05:45:02 AM
 #210

Some lessons i have learntfrom trading are:
  • always take profits out, as a satoshi a day makes a difference
  • Dont over trade,winners know when to leave
  • Patience is golden
  • Don't trade all coins, find coins that you can master their movements
  • perfect one strategy to use for your trading and stick to the plan
  • Dont trade with emotions
There are many good things that must be considered and learned in trading in crypto,
we know for ourselves that crypto trading is very complex and that is why it is not an easy thing to trade in crypto,
continue to improve knowledge, skills and manage emotions clearly important

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April 04, 2022, 01:46:39 PM
 #211

From my few years if trading cryptocurrency, I've learnt to avoid trading futures and stick mainly to spot trading.

I've learnt that it is not every coin that one should trade and also to avoid putting too much trading capital into any particular coin. Before trading any new crypto, research should be done to avoid falling into rugpull.

Also do not trade on just any exchange.

You have to make a strategy to get the profit you might get. if you just make something without calculation it might result in bad things later. you can result in losses you don't want. But it can be one of the good lessons for you later. You must feel like a failure to try to be better in the future.

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April 04, 2022, 02:57:33 PM
 #212

trading is not a quick way to make money, if we think like that of course it is the same as gambling, where we want to get a lot of money quickly but risk the risk without careful calculations. therefore the right mindset must be instilled at the beginning of our learning to trade. and after practice of course we will realize how many obstacles or difficulties that must be faced. as we fly, we trade, we will understand by ourselves and this requires a long process

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April 06, 2022, 11:53:02 PM
 #213

You must spend a lot of time learning crypto trading.There are many people who trade with no experience in cryptocurrency. They make a lot of losses at once. I would say that if you want to trade, you must have enough knowledge about trading.Because trading is not a simple matter, you can make a big loss due to your little mistake.And never be too greedy on trading platforms. Profit similar to your expectation will actually complete your order.If you are too greedy, you can lose a lot at any one time.

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April 08, 2022, 08:13:54 AM
 #214

Knowing how to protect your funds while trading is part of what you will have to learn as a trader, it is called the risk management side of things, but that isn’t the only thing you have to learn to become a trader. There are lot of things that one would have to learn before they can even start to give it a try. It’s not like you have said that other knowledge will come with experience.

Indeed, there are some of the knowledge that you would gain from having the experience, but before that you have to learn about it first. It’s just like learning the theory of a subject before you go into the practical side of things to experiment with what you have taught and prove that the theory is indeed accurate.
Becoming a successful trader, of course, requires a lot of knowledge and a lot of trading experience. Because trading is very complex and not just buying and selling, there will be many problems in it, about how to do risk management, psychological management and the use of trading tools and strategies.
Studying theory and then putting it into practice is something that must be done and done in a balanced way.
What you really don't see from here is that we see it with a lot of people saying that training is easy to gain quickly but here's a simple way of saying I don't think they really understand training enough I think you need cryptocurrency to trade.  If you don't have good skills and you have good knowledge about it, you can be in big danger during pregnancy test. If you have good knowledge about some currencies, I don't think you will be in this danger  Can and will be able to create

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April 08, 2022, 06:18:47 PM
 #215

You must spend a lot of time learning crypto trading.There are many people who trade with no experience in cryptocurrency. They make a lot of losses at once. I would say that if you want to trade, you must have enough knowledge about trading.Because trading is not a simple matter, you can make a big loss due to your little mistake.And never be too greedy on trading platforms. Profit similar to your expectation will actually complete your order.If you are too greedy, you can lose a lot at any one time.
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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April 08, 2022, 06:27:18 PM
 #216

When i start trading looks easy just analyze the graph and buy low and sell high, i tried too using the trading demo account, of course, we will not focus on this too much because its not real money we just click the buy and sell button, but when i try to make a real trade it goes well at the first week but after that its the market crash most of my position falls down and get liquidated this is the reason why we always set a trading plans this might help us to make a decision to cut loss and take profits.
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April 09, 2022, 11:48:28 AM
 #217

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.
experience has also taught me a lot that trading is not an easy thing, and it takes a process and patience to be able to profit from trading stably. at the beginning of crypto trading, my enthusiasm was very passionate but what I made was nothing because I felt trading was an easy thing.

Over time I realized that trading requires a process and is not easy to do for those who do not have patience.

R


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NicNacCoin
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April 09, 2022, 05:34:26 PM
 #218

In fact, there is no substitute for learning life. The more you learn, the more you know. However, in the crypto market you can not easily understand anything.You must have enough time to develop as a full fledged trader in cryptocurrency trading platform.Only then will you be known as a full fledged trader. There are a lot of people who start trading on their own with little knowledge.They once lost their core profits and blamed the cryptocurrency.So I would say everyone should refrain from trading cryptocurrency without acquiring skills.

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CRYPTO WEBNEOBANK
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wendty
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April 09, 2022, 06:24:38 PM
 #219

I learnt many favourable things from crypto trading that can help me to develop and improve financial aspect and economy aspect. I used to buy bitcoin anytime without looking into the market price, if it will be favourable or not before purchasing.
I learnt how to buy bitcoin and when to sell bitcoin to make a good profit at the end of the business. It hard me to experience losses in my investment since I learnt how to buy bitcoin when the price is low in the market .
viananda2525
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April 09, 2022, 09:52:30 PM
Last edit: April 10, 2022, 06:49:20 AM by viananda2525
 #220

You must spend a lot of time learning crypto trading.There are many people who trade with no experience in cryptocurrency. They make a lot of losses at once. I would say that if you want to trade, you must have enough knowledge about trading.Because trading is not a simple matter, you can make a big loss due to your little mistake.And never be too greedy on trading platforms. Profit similar to your expectation will actually complete your order.If you are too greedy, you can lose a lot at any one time.
preparation before trading using real money was must to by everyone, its not easy as if we spend money for useless thing. trading skills and knowlege was needed to survive in market for everyone who want involved here. many expectation in this market was not as suitable our hope when it be fact.

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