My advice If you are here to make money

[QueenVera]

Exactly, accumulating and holding is more suitable than futures trading at this point, but I like to pay attention to market news, especially Fuds or someone's catastrophic failures in the market. I am also a holder, but I want to accumulate bitcoin at the cheapest and lowest possible price, so I want to take advantage of every opportunity. By following market news, we will avail and save a lot of money because the same amount of money you will buy more bitcoins when the bitcoin price drops.

Accumulating some Bitcoin at the very lows of its price in the bear market will always make you more profits than any other means of making money in the market. With accumulating, you don't even have to pay attention to Market news.

Just go on with your regular activities in life and whenever the market takes a major hit, you can just jump in to buy some Bitcoin. The only advice anyone here to make money should focus on is getting into good position now that Bitcoin is low and fill up their bags.

Nobody should be worries about what the price will be in future as it'll always be moving upwards. More money will be coming into the market and Bitcoin will be among the project that benefits from this new money.

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[Yamifoud]

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It is just plain simple that if people are into long-term, just go with Bitcoin. If you are actively trading whether it is really your expertise or just your hobby, then it could be different coins every day. I think there are some people misinterpreting what you're saying or what you're trying to imply.
Day trading did not work for me so I just went up straight hold for Bitcoin. I understand that taking it slow does not work for you and you decided to day trade or like you mentioned "trade coins everyday". Everyone has their own strategy in the end.

It is a need for us where we become productive and profitable for a reason that not all are become traders or really wanted to be. Just like you, you preferred to become an investor and holder which I believe was the best choice. We have to live in a place that we think we are comfortable with. Some impatient individuals will choose to trade either.

However, all of these are totally a way to earn a profit. But there is one thing I could say - keep our greediness not to the maximum level otherwise, this could lead us to lose.

[Alisha-k]

Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

This where greed begins. There is no assurance crypto will guarantee a stable income that flows everyday. In our regular business we experience losses how much more a market with no fixed direction. Future trading works well with BTC just that the trader will have to know the exact timing to access the market to stay in profit.

[GeorgeJohn]

If you use btc futures without having sufficient analytical skills, you will not get profits but will experience losses, making your capital run out. Apart from that, you also have to control your emotions in trading because this has made many people lose opportunities to make profits. But as traders, we have our own way of analyzing the market to find a time when we can trade.

That's why i do emphasis to people that going into trading without knowing the concept of trading will deprived you many things such as a trading without direction, i believe that that trading have to do with different strategies and if you know the rudiments of trading you wont venture into lost subsequently, for someone to make a tangible profit you will learn and understand the advantages and disadvantages of trading.

[GreatArkansas]

Stay away from btc If you are futures trader btc moving too slow.
(.....)

I don't agree with this. Even if Bitcoin or other pairs move too slowly, you can still make money if you are a good trader.
Pair that is moving slow will not matter if you are doing trading, it will always depends on your analysis, technical analysis is the best if you are just for money and doing trades, always trust your analysis.

[gunhell16]

It's okay to do futures trading if you are well versed in this matter and you know something about technical analysis, but if you know yourself that you don't have enough ideas or knowledge about it and lack knowledge about technical analysis is not advisable for newbies.

Now, in carrying out the trading activity to generate income at least in this industry, since we are still in the current bear market, we have many methods that can be done and consider first is scalping we can earn quickly here with this strategy but also quickly our assets will be lost if you make a slow decision to buy and sell here and you must be sure of the coins you will trade as well. Then the trading position is also good, it's safer compared to the scalping method in my opinion. But you should know how to use your emotions correctly in this matter so that you don't waste or lose your assets dude.

[palle11]

I been making mistakes like i Open btc short when i know Market is up but still btc did not moved like few days so it means i did not make any money few days i was waiting like a fool instead of that If i was gona long and short other coins i would Made money everyday.

To know the trend of the market is a good strategy and this will help you not to trade opposite market. Trading opposite market is the reason for loses. So shorting a bear market will get your order filled faster and you cash out. I believe the aspect that you don't need to waste time in the market to take your profit but some order takes longer time for it to go your direction. In any case, ideally I stop my order before the next opening of trade.

[AakZaki]

To know the trend of the market is a good strategy and this will help you not to trade opposite market. Trading opposite market is the reason for loses. So shorting a bear market will get your order filled faster and you cash out. I believe the aspect that you don't need to waste time in the market to take your profit but some order takes longer time for it to go your direction. In any case, ideally I stop my order before the next opening of trade.

making trades must determine what strategy you want to use. from your explanation maybe you use a short-term strategy and some orders as mid-term.
a bearish market like today makes you buy more because it is a good opportunity to double your profits. The opposite market is indeed not good to fight, we just need to follow the flow and take advantage of the opposite market. Stop your order if the target is reached or has been hit by a stop loss, it will be better than having to hold longer without a strategy.

[Mpamaegbu]

Control your emotion, believe me, emotion is your biggest number one enemy. Especially the fear and greed know how to stop loss and know how to take profit.

You're spot on! Emotion is the game killer and OP should watch it. I sensed they're already getting carried away with the little winnings they're recording. My two cents to OP will be that they shouldn't allow their emotions get in the way. Treat every winning as a normal thing. Don't see it as something extraordinary.

~snipped~

Please don't stay away from BTC since if you can predict BTC moves you can predict the most market is going. In fact, most of traders that I have followed what they do first is predict BTC moving after that they start to analyze the altcoin. Bitcoin waves is real.

You're right. That's how I follow trades most times. I look at what Bitcoin is doing to gauge what altcoins should be doing because once Bitcoin catches cold or sneezes others get the infection, so to say.

[ScamViruS]

The future players tactics should be different as compared to the normal traders.Because the market response was the cause of the future.It’s essential to be active in the future trading,to withdraw when the market was change from normal stand to the extreme conditions.When the market was responding green or red both affect the person involved to the future trading.

Futures trading strategy is very serious if the trader uses high leverage then he must be active to avoid any unwanted results. And if the market is at extreme levels of volatility, then high leverage should be avoided at that time. I don't do futures trading regularly but sometimes I take a position if I see the market situation is a bit better. When we hit the target as expected, I close the position and exit the market.
Because emotion is a very big factor in futures trading, you will never be able to retain profits until you can control emotions in futures trading.

[qwertyup23]

Control your emotion, believe me, emotion is your biggest number one enemy. Especially the fear and greed know how to stop loss and know how to take profit.

This is the single and greatest advice that anyone must have- control your emotions and consider the market as something that is natural. Remember that cryptocurrencies are the most volatile currency- they change their prices at any given time, as compared to stocks where there is only as definite time where people can trade.

Though this may be the case, it is relatively difficult to take hold of one's emotions especially if that person trades or has hundreds to millions of dollars worth of BTC in their wallet. Like the slightest increase/decrease on the price could imply a loss/gain of thousands of dollars on their end. While that may be the case, it is important to consider that on top of having courage and control over your emotions, a proper construction of a contingency plan is essential.

[Sanitough]

No one needs advice, or shares advice if they are really making money out of it. Just obey and listen the facts and traders are good to go. The basic thing that any trader needs to understand is that, don’t go for money. I mean don’t be greedy. No one can become millionaire overnight. Take calculated risk and trade the amount that you can afford to lose. It’s fine to at first lose, in order to understand the process. At last be confident and be cautious to the market.

I think when it comes to trading in a very unpredictable market, no one is considered expert or professional in the real sense. Everyone here acts as a pleb, trying to win over the market with no guaranteed results. That is why if you want to create good trades, never go with money. Avoid being greedy and never chase profits all the time. Just stay calm and focus on the market, and stick to bitcoin. And never lost your patience as it’s always the best key to succeed.

[lalabotax]

Dont try to predict Market too much.

Predicting the market is one of the ways we analyze the market. But you are right, when we are too much predicting, we will get worse conditions dizzy, stressed, and make no focus more on the market goal. It is needed to make analyze the market effectively.

Stay away from btc If you are futures trader btc moving too slow.

I am not sure to trade in Futures Market, moreover for everyone who are lack knowledge and ability to stay away from the Futures Market. This is risky, high risk.

I don't read any news i dont care much about btc and price but everyday i make money becouse i Open position for few HOURS and then whatever money i make i cash out this money.

Oh, I see, this will be good enough for the daily focus and daily target to earn money, so we can cash out every day. This seems to be for daily trader purposes.

[Hamphser]

No one needs advice, or shares advice if they are really making money out of it. Just obey and listen the facts and traders are good to go. The basic thing that any trader needs to understand is that, don’t go for money. I mean don’t be greedy. No one can become millionaire overnight. Take calculated risk and trade the amount that you can afford to lose. It’s fine to at first lose, in order to understand the process. At last be confident and be cautious to the market.

I think when it comes to trading in a very unpredictable market, no one is considered expert or professional in the real sense. Everyone here acts as a pleb, trying to win over the market with no guaranteed results. That is why if you want to create good trades, never go with money. Avoid being greedy and never chase profits all the time. Just stay calm and focus on the market, and stick to bitcoin. And never lost your patience as it’s always the best key to succeed.

Sticking to Bitcoin would be hard since there would really be those people who would be testing out their fate when it comes on switching or touching up altcoins which is really that a very common behavior for

those current crypto investors that we do have in the market today, it is really that evident or something could be seen if we do pertain about market capitalization and volume which you could
really see that it is really a demand or consideration on there.
People do really just ends up on being greedy on the time that they do make out some gains.They do forgot on having that risk management thing along the way.
Somehow as a human being then its not really something that could be avoided for longing to make even more profits or simply with money.
Just take it slow and dont make yourself rushed on doing things.

[GeorgeJohn]

Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

This where greed begins. There is no assurance crypto will guarantee a stable income that flows everyday. In our regular business we experience losses how much more a market with no fixed direction. Future trading works well with BTC just that the trader will have to know the exact timing to access the market to stay in profit.

Actually you are right in your conception over manual business getting lose, but you can't compare the lost of manual business and trading, because the lose in trading might be efficient than the one in the business, but let us just consider both as a risk, and if you don't get lose in trading what should be the remedy is to study and comprehend the rudiments of trading before venturing into it, so one of the factors while some get lost in any kind trading they venture into is the ability to peruse into it and as well known the functionalities of trading before enrolling in it.

[isaac_clarke22]

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Yeah, I got you there, Yamifoud. I might go off topic for a little bit but it reminds me when I was learning web development that I prefer to be just a backend rather than the frontend.
Anyways for each crypto users, whatever floats their boats anyway. Some works for others and some does not work for some people as well.

I missed those days when I was still learning day trading, but meh I doubt that I will be back to learning it again.

[layoutph]

Few years ago people here in Bitcointalk are staying away from futures. Now I see an increasing number of profitable future traders here in Bitcointalk. May I know how what is your win rate for example in 20 trades or 10 trades how many are wins and loss (liquidated or hit by stop loss)?

Keep your focus on how to make money.
Dont try to predict Market too much.
Stay away from btc If you are futures trader btc moving too slow.
Best is If you Open position everyday long or short keep the position Open few HOURS and cash Out the profit then forget about Market and btc go do your normal life things.
Biggest mistake traders do are this they Open positions like eth btc then those coins tend to move slow and while they waiting they might change their mind and making mistakes.
You should only focus on few HOURS how to cash out money from Market that's it.

I don't read any news i dont care much about btc and price but everyday i make money becouse i Open position for few HOURS and then whatever money i make i cash out this money.

I been making mistakes like i Open btc short when i know Market is up but still btc did not moved like few days so it means i did not make any money few days i was waiting like a fool instead of that If i was gona long and short other coins i would Made money everyday.

Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

But btc are great Market indicator so i use btc price as Market indicator to know when to long or short.

If you follow this plan you can get better results from trading like i said dont focus on too much market trend but try to find coin short or long it in few HOURS take the money and close the trade.

[Dollar_Hunter]

Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.

This where greed begins. There is no assurance crypto will guarantee a stable income that flows everyday. In our regular business we experience losses how much more a market with no fixed direction. Future trading works well with BTC just that the trader will have to know the exact timing to access the market to stay in profit.

Actually you are right in your conception over manual business getting lose, but you can't compare the lost of manual business and trading, because the lose in trading might be efficient than the one in the business, but let us just consider both as a risk, and if you don't get lose in trading what should be the remedy is to study and comprehend the rudiments of trading before venturing into it, so one of the factors while some get lost in any kind trading they venture into is the ability to peruse into it and as well known the functionalities of trading before enrolling in it.

That's why I don't think we can stop learning even though in some moments when trading we get profit,
it is very important to keep learning because trading is not easy,
Losing in real trading is also normal and we will not always be profitable

[Nrcewker]

Keep your focus on how to make money.
Dont try to predict Market too much.
Stay away from btc If you are futures trader btc moving too slow.

If you want to make huge amount of money, then you gonna have to take high risks. I mean if the expected return is high, then only you will make more money right? Nevertheless if you are capable enough to bear losses, then only try this path, else when the coins will turn into pebbles, no one can gurantee that.
Also Bitcoins are for slow investment to be honest. But atleast here the profits are guranteed. Let’s hope for the best and see how far we can go.

[doomloop]

Few years ago people here in Bitcointalk are staying away from futures. Now I see an increasing number of profitable future traders here in Bitcointalk. May I know how what is your win rate for example in 20 trades or 10 trades how many are wins and loss (liquidated or hit by stop loss)?

I think that's because people back in time are still a noob but many years have past and these people already gain a lot of experience and knowledge. They are now ready to engage in harder things but I think there are also a good number of newbies who join in.

This is very alarming but if there is no way to stop them then they themselves can once they incur a big loss in a short period of time. Before we engage in the real thing, it's important to practice first using the demo version. Once you saw that your wins are more than your losses then maybe that is the time to take baby steps in the real thing by using small capital. Increase it only once your results mostly win.