Millennial trading formula

[Johnyz]

The only thing that can change is the key features of exchange and the introduction of new features such as the now known stop lose features on some exchanges it was not there in the time past.
But nothing much has changed in trading it still has the old traditional way of doing it.

Same rules are with trading even on Forex and stock market, we all have a general indicators to be use in trading so I believe there’s no such Millennial guide since the old indicators are still the basis for trading analysis. When it comes to strategy, I believe it will depend on you and you should develop your own strategy. First learn the basic of trading, and know the importance of each indicators, you can have good strategy because of this.

[Tellek Garing]

The only thing that can change is the key features of exchange and the introduction of new features such as the now known stop lose features on some exchanges it was not there in the time past.
But nothing much has changed in trading it still has the old traditional way of doing it.

Same rules are with trading even on Forex and stock market, we all have a general indicators to be use in trading so I believe there’s no such Millennial guide since the old indicators are still the basis for trading analysis. When it comes to strategy, I believe it will depend on you and you should develop your own strategy. First learn the basic of trading, and know the importance of each indicators, you can have a good strategy because of this.

I learned trading indicators are not accurate and in most cases, there are no known trading indicators so if you are looking for that you better start developing your trading skills because that's the only way to have a workable trading formula for your trading portfolio

[South Park]

Crypto trading is getting more and more technical as the days goy, and the formula that worked back then in 2018 is no longer accurate at this moment 2021 came with a lot of upgrades with many exchanges coming up with new features on the exchange.
So being forced to ask what are the most updated guide for newbies that have been out of trading for some time now.

The volatility has gone down a little bit but if you had a good strategy before then there is no reason to think such a strategy is not going to keep working, now if your strategy was just to invest in an altcoin and hope that it did a 100x movement out of nowhere as many people did during the 2017 bull run then you may have a point, as this is way more difficult to achieve in this day and age, but even then such a thing was not something that you could do on command so I do not think anyone could have used that strategy to get sustained success.

[bitgolden]

what are the most updated guide for newbies that have been out of trading for some time now.

Seems like that you are overreacting; regardless of how long you have been staying away from crypto trading I believe nothing has changed significantly since you are not trading and you can start trading like before with your usual technical analysis which might be still profitable if you are doing them in right way.

better start developing your trading skills because that's the only way to have a workable trading formula for your trading portfolio

Instead of focusing on developing an all new trading strategy, I guess adopting an existing strategy and then fine-tuning it according to your trading habits might save you time and efforts. Plus, always have more than one strategy as back up plans may be needed at unexpected times.

[savetheFORUM]

Instead of focusing on developing an all new trading strategy, I guess adopting an existing strategy and then fine-tuning it according to your trading habits might save you time and efforts. Plus, always have more than one strategy as back up plans may be needed at unexpected times.

Yes, crypto trading does not require anything all new from you but you need to be doing what experienced traders are suggesting always. It is is all about performing in depth technical analysis which is more than enough for making profits regardless of whatever knowledge we are having about crypto trading and how long you are not into crypto trading.

Usually when we are getting back to crypto trading after some gap, it must be better if we start watching the market fluctuations for some days and then doing paper trading before getting into live action.

[AmoreJaz]

Instead of focusing on developing an all new trading strategy, I guess adopting an existing strategy and then fine-tuning it according to your trading habits might save you time and efforts. Plus, always have more than one strategy as back up plans may be needed at unexpected times.

Yes, crypto trading does not require anything all new from you but you need to be doing what experienced traders are suggesting always. It is is all about performing in depth technical analysis which is more than enough for making profits regardless of whatever knowledge we are having about crypto trading and how long you are not into crypto trading.

Usually when we are getting back to crypto trading after some gap, it must be better if we start watching the market fluctuations for some days and then doing paper trading before getting into live action.

besides when you are talking about these various alts, definitely, they have their own market performance. so you only need to focus on your portfolio or to projects that you are interested with. because if you will check all the others, it will be a headache.
so each one of them have different strategies in the market, because they have their own pace in terms of development. also, you need to keep up with their social media updates, because that's where you will get a hint on what may happen to their market. don't trade blind. you need to know what's happening around the project. because you can easily lose your funds if you have no idea what's going on with the coin.

[Obito]

The only thing that can change is the key features of exchange and the introduction of new features such as the now known stop lose features on some exchanges it was not there in the time past.
But nothing much has changed in trading it still has the old traditional way of doing it.

Stop loss was a big help, a lot of people would have lost a lot of money if it weren't for the wonders of stop loss, I mean not everyone is always watching the market 24/7 so it's a good thing that we have that kind of feature so we can rest easy that we won't lose everything when we look the other way. I definitely agree that there's not much that has changed all this time when it comes to trading, it just looked different because people have different if not unique approach when it comes to trading that it's sometimes distinct to only one person.

[breathlessz]

The only thing that can change is the key features of exchange and the introduction of new features such as the now known stop lose features on some exchanges it was not there in the time past.
But nothing much has changed in trading it still has the old traditional way of doing it.

Stop loss was a big help, a lot of people would have lost a lot of money if it weren't for the wonders of stop loss, I mean not everyone is always watching the market 24/7 so it's a good thing that we have that kind of feature so we can rest easy that we won't lose everything when we look the other way. I definitely agree that there's not much that has changed all this time when it comes to trading, it just looked different because people have different if not unique approach when it comes to trading that it's sometimes distinct to only one person.

but if a person becomes a full day trader, then he can use cutloss, because there is often a lot of time to monitor the market. between cutloss and stoploss is very useful for cutting losses from a trader. if they don't use it then it's like trading in the style of investment, and the results are less than optimal, because there is no discipline from the analysis

[dezoel]

Crypto trading is getting more and more technical as the days goy, and the formula that worked back then in 2018 is no longer accurate at this moment 2021 came with a lot of upgrades with many exchanges coming up with new features on the exchange.
So being forced to ask what are the most updated guide for newbies that have been out of trading for some time now.

Uuhm, I don’t think there are nay much changes. It’s still the same thing – technical analysis and fundamental still remains the same, nothing changes. All those trading strategies that you have known for long has also been the same strategies that are being used this day. The thing is that sometimes you have got to shuffle up a little bit or have patience when one strategy is not working out for you.

Trading is not something that you do with rush, you’ve got to be ready to have patience and also be ready to try different ways to see what would work in a particular state that you find the market. It’s still the same strategies, but we know that the strategy is neither one nor two, there are many of them. So you just got to figure out what is right at the moment and go for it.

[South Park]

The only thing that can change is the key features of exchange and the introduction of new features such as the now known stop lose features on some exchanges it was not there in the time past.
But nothing much has changed in trading it still has the old traditional way of doing it.

Stop loss was a big help, a lot of people would have lost a lot of money if it weren't for the wonders of stop loss, I mean not everyone is always watching the market 24/7 so it's a good thing that we have that kind of feature so we can rest easy that we won't lose everything when we look the other way. I definitely agree that there's not much that has changed all this time when it comes to trading, it just looked different because people have different if not unique approach when it comes to trading that it's sometimes distinct to only one person.

There are many people that do not like to use a stop loss but I think that is a huge mistake, after all we know that the volatility of the market is extreme and it is not rare for the market to suffer a drop of 10% in just a few hours, so those that are not using a stop loss are taking a huge risk, and there are even some traders which use leverage without a stop loss and this means that even a very small movement of the market is more than enough to wipe them out, and despite our warnings they keep doing this so sooner or later they will lose all their money due to the high risks they are taking.

[CryptoWebDirectory]

I don't think that things have really changed that much. I'm not a super technical guy, but I used many of the same indicators in crypto as I used to in forex.. things like Fibinacci levels, bollinger bands, moving averages..etc. I find that most of these indicators are still pretty darn good it's just the market is much more volatile..

[tvplus006]

...So being forced to ask what are the most updated guide for newbies that have been out of trading for some time now.

Large capital has entered the market, which did not exist in 2018 and which currently will not allow other market players to devalue their investments. For this reason, institutional investors will protect their positions by buying off excess supply and thereby preventing the price from falling below their average position. Under these conditions, you have to adapt to the tactics of big capital in order to move in the same direction with them.

[Cling18]

I don't think there's a new formula for beginners these days because the market flow is still the same except for more adoptions and investors that came in. I think the strategy still depends on every individual's choice and there's no specific technique being applied to Millenials or the younger generation. The strategies that we used to know are still applicable these days.

[Tellek Garing]

I guess the inability of the previous formula to deliver has made the trading market a highly volatile one as a lot of coins did 80x price increases and suddenly crashed which will result in losses for the holders of those coins.
I think we should focus on more development as the market keep growing we also learn to roll with the market to keep cashing in on the trend if not if you have a hold of a coin too much longer than you can bear the is you end up losing but if you cash in on the rush price hours of the market you can profit a lot take Hex coin for example.

[24Kt]

I don't think there's a new formula for beginners these days because the market flow is still the same except for more adoptions and investors that came in. I think the strategy still depends on every individual's choice and there's no specific technique being applied to Millenials or the younger generation. The strategies that we used to know are still applicable these days.

That is right, the strategy is still the same. But you have to understand each coin that you want to invest with. They have different performances in the market. Because it depends on their current stage of their development. Also, you have to understand that their market movement depends on the activities of the project. You have to look out for possible pump and dump scenario as well. Because most coins are being abandoned once the team got a hold of their funds.

[Sirait]

Crypto trading is getting more and more technical as the days goy, and the formula that worked back then in 2018 is no longer accurate at this moment 2021 came with a lot of upgrades with many exchanges coming up with new features on the exchange.
So being forced to ask what are the most updated guide for newbies that have been out of trading for some time now.

using the past year indicator is good but in crypto it's not accurate anymore. if you continue to use the 2018 indicators when trading this year, you will lose big. keep an eye on and do indicator analysis as usual and if necessary just follow a trusted signal group because you might be able to avoid losses.

[poodle63]

I think exchanges bringing up new features is just for the sake of convenience. There is no new trading formula at all and it’s no different to 2018 or anything like that, the key is still buy low sell high because it will be unchanged.
I also think that the strategy in maybe 2018 still relevant until this day the trading market isn’t changing just because an exchange have a feature that’s like trading bot.
Even right now I think there is more and more traders that uses text book guide like making buy or sell order based on text book analyzation and it’s because there are many big exchanges that upgraded their chart to include text book pattern signal for trading and making it easier for newbie traders to read the chart but remember that think about TA will not make you easy to predict the market. Remember that fundamental was also playing a very big impact when you're wanna predicting the market.

[VanityWallets2015]

The technical analysis and the market doesn't change anything I don't think there is a new formula about trading, technical analysis is still technical analysis nothing changes probably there are new strategies or ways to analyze the market but nothing change in learning technical analysis you will still need to know the basics and foundation of the technical analysis.

[justdimin]

Crypto trading is getting more and more technical as the days goy, and the formula that worked back then in 2018 is no longer accurate at this moment 2021 came with a lot of upgrades with many exchanges coming up with new features on the exchange.

I agree that crypto exchanges are making lots of improvements to provide latest and advanced trading tools to its customers to facilitate and to make sure convenient and pleasant experiences (still being profitable is up to trader's skills). This leads more complex market conditions still basics of our technical analysis are same (but might require minor enhancements), so you may try in demo account with same strategies to figure out what/where you need to fix

what are the most updated guide for newbies that have been out of trading for some time now.

There are few trading strategies which are based on multiple old strategies hence in my opinion, we do not need them as we could ourselves combine multiple strategies to have accurate signals.

[MIner1448]

Although the technologies are growing, the trading process is not changing, you buy at the bottom you merge at the very top, there are of course many strategies offered by "traders" in telegram channels, but the concept of trading on the stock exchange is the same.