Trading as a newbie?

[JamesDaniel90]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

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[Oshosondy]

Use little amount of money that you can afford to lose to trade. When you start to have more profit than loss, you can slightly be increasing the amount.

When I started trading, I lost all my money. Be careful and do not let emotion trade for you. You need the right strategy to trade. Learn more about MA, EMA, BB, RSI and some other indicators, but those four should be enough.

You need a better strategy that can help you to still have high percentage chance to make profit even after indicators fail you.

I have preferred to use low leverage, averaging at times, leave trade opened for days. Trades I was losing before do come to be profit later after many days of opening position because I use small amount, low leverage and leaving position for long time if no profit for short time.

Use low leverage. Read about risk management.

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

Look for other ways to look for money for trading not to fail you.

[BitMaxz]

I'm doing that before but it works sometimes however, you need to set up a limit if the coin/token continuously drops you can avoid losing much of your investment.

I suggest since you said you are a newbie in trading there are some strategies that you can try to learn like fundamental and technical analysis and know how to use indicators for signals or the right spot when to sell or buy.

Check this link below if you are looking for trading guides and strategies.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

[Ryker1]

^[snip]
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

My question is --is there any reliable source for this? knowing the coins when to pump and dump?
Perhaps none, so there is no way to predict the market price and it is very risky for you since you are a newbie. It will end up losing your money or else easily wipe out your entire portfolio. You have said that you are a newbie and don't have experience, I prefer to say that you need more experience and gain knowledge in trading because trading is not an easy way of making money, it is very risky.
Study and make research first or gain experience in copy trading, find an exchange platform that allows users to copy trading, so that you can try trading or even paper trading which you can practice more without losing money.

[naira]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

The opposite question is whether the coins you buy in the decline will always go back up again and again after the purchase period. certainly not

You also can't just guess and then buy only the coin drops. It could be that the coin is destroyed in the project. Trading is not just guessing to buy but must be seen from long-term prospects. Don't be too confident about coins that are considered repeated but in fact, your money chokes on them for a long time. And in the end I'm afraid you are not ready for losses. So prepare your money ready to lose. Because most beginners who think trading is easy, always come to a bad ending on crypto trading.

[mk4]

It will indeed likely end you up with losing money. Not everything that goes down necessarily bounces a bit; sometimes, they go straight down to hell and never see the light of day again.

Just a heads up that trading is not that simple. If it was, then majority of people would be making a lot of money. There's a reason why a huge majority of people lose money trading.

[Maus0728]

I believe you are oversimplifying how trading goes, which in my opinion is a mistake. Sure, looking at which cryptocurrencies are the biggest winners or losers is one indicator, but it typically isn't sufficient to dictate your choice of which coins or stocks to trade because doing so will only cause you to lose money.

Maybe try checking this subreddit[1]. Although that sub focuses mainly on stocks trading, the process and technicalities involved still works in crypto. The indicators, relative strength vs weakness, basic S&R still applies in any market though..

[1] https://www.reddit.com/r/RealDayTrading

[GreatArkansas]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
(....)

Always think that it doesn't mean that coins are dumped, they will go pump again or immediately. There are a lot of traders around the world with different strategies.
Take note that you need to be aware that the value of cryptocurrencies can fluctuate significantly and there is no guarantee that you will be able to sell your coins for a profit sometimes.
This is not how easy to trade.

[crwth]

Going at this as a newbie, you need to understand first that it's always going to be the market that will dictate, and you can expect already to make the wrong decisions as you go along and trade with actual money.

You can go at this in two ways

• Practice with paper money first and get a feel for it
• Trade with your money already. Make sure you have budgeted your capital

You can do this automatically by trading with Gunbot. If you are interested, I can help you with that.

[ethereumhunter]

I did something like that a few years ago, where lots of coins were moving almost simultaneously, allowing me to buy low and sell high. But for the current situation, I think it's difficult because with so many coins on the market, you need more time to analyze each coin one by one and that doesn't guarantee you can get the coin you want. And if you do it like that without having high analytical skills, you will only lose money because you can be wrong in analyzing the coins. But if you still want to try it, I suggest doing it for a small amount of money and seeing how it goes. Never use big money if you are not prepared to lose.

[wxa7115]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

You seem to have a strategy in mind already, however there is no way to know beforehand if this is a profitable strategy unless someone else is doing something similar and they are willing to tell you this is the case.

I recommend that before you use your limited capital in a strategy that you do not know if it works at all that you do some paper trading for a few months and evaluate your results, and if the results are positive then you can start to use your capital to trade the markets when using this strategy.

[rozak]

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

as you said, you are a newbie. Crypto trading is very risky. it's easy to see an asset with a dip and we can buy it. then sell it when it pumps. looks very simple, but you can imagine, what happens when the value of the asset you bought then experiences a more severe decline? even to reach a 10% pump maybe it won't return your capital.

I don't scare you. but crypto trading is very risky. especially for beginners. so before you start trading, equip yourself with skills in trading. it will help you.
you better now buy bitcoin for the long term. this may not be as much of a trade as you think. buy and hold for a long time. you will see the benefits.

[cryptoaddictchie]

Thats a good analogy already. Buying when its down but you need to take a broader details like if its down, how long its been down, maybe its still in the phase of going down. Thats where you learn indicators where youll find out whether that project could go bounce and reversal at particular time based on past activity. Theres too much to learn but you understand a good way on how to start and thats great.

[Issa56]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

You have to be very careful when using the strategy you mentioned above, their is no assurance that you are going to be making money continuously, how sure are you that if you purchase a coin when it drops by 15%, it's going to bounce back and you are going to make money? If you buy some coins it's still going to dip more and you might not be able to recover your money. Am not saying the strategy won't work for you like once or twice, but don't rely on the strategy because you won't really make money for long time.

[Asiska02]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

It's great that you're thinking and have brought this idea here for discussion. Trading is risky, and you may find that your expectations are not met. Your thoughts on buying and selling are similar to saying it's a speculative activity that most people engage in these days. The market is so volatile that you never know what will happen when you plan to sell at a 10% profit.

Because you're new to this, just buy bitcoin and hold it like an egg for a longer period of time; I'm confident you'll profit from your investment in the long run. Consider doing your research even if others have already given you their thoughts and opinions on your plan; it will help and guide you better on the investment journey.

[JamesDaniel90]

I have only started with $50 as a test - I made my first trade last night after buying LCX last week at $0.033 I sold at $0.045.

This is a 36% gain which is a pretty good start, now I will wait and have a look around to see what is badly down later and buy in when I feel there is a likely pump coming.

LCX reached $0.055 last night so this is a 67% increase from where I bought only a week ago so makes me realize there is money to be made in this bear market.

[tvplus006]

...I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating...

Such a strategy will not always be profitable, since many coins, after their price has decreased by 15%, contrary to your expectations, continue to decline. In this case, you should have a backup plan, which may be to use a stop loss to limit your losses.

[JamesDaniel90]

...I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating...

Such a strategy will not always be profitable, since many coins, after their price has decreased by 15%, contrary to your expectations, continue to decline. In this case, you should have a backup plan, which may be to use a stop loss to limit your losses.

No back up plan - I am just trading altcoins I believe will be here till the next bull run at least.

If it gets to a point where we experience a crash and I buy in at a price we don't see again for another month or so then I will just hold.

[OcTradism]

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

Don't trade, you will lose your fund.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Looks like it can give you profit but have you ever checked that altcoins in 2022 lost 90% to 98% and some more than 98% of their all time highs. If you are not correct with your orders, your entries are wrong and you don't cut loss, you will lose a lot. From -15% to -98% is not small difference.

Trading won't help you rich but it will help exchanges richer. You give them income from your trading fees.

[AicecreaME]

^[snip]
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

My question is --is there any reliable source for this? knowing the coins when to pump and dump?
Perhaps none, so there is no way to predict the market price and it is very risky for you since you are a newbie. It will end up losing your money or else easily wipe out your entire portfolio. You have said that you are a newbie and don't have experience, I prefer to say that you need more experience and gain knowledge in trading because trading is not an easy way of making money, it is very risky.
Study and make research first or gain experience in copy trading, find an exchange platform that allows users to copy trading, so that you can try trading or even paper trading which you can practice more without losing money.

Correct.

Technical analysis is still needed in spot trading to know the prices you must buy a coin to avoid waiting too much time just to sell it since for example, you bought at a certain price then it continues to dump even more. To make this simple, the random guesses when to buy and sell a coin to make profits will not work every single time.

A single failure because of that action will lead to something chaotic, you will become addicted to that random guesses only in trading which you will not grow, meaning you will never become a good trader in the future.

[JamesDaniel90]

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

Don't trade, you will lose your fund.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Looks like it can give you profit but have you ever checked that altcoins in 2022 lost 90% to 98% and some more than 98% of their all time highs. If you are not correct with your orders, your entries are wrong and you don't cut loss, you will lose a lot. From -15% to -98% is not small difference.

Trading won't help you rich but it will help exchanges richer. You give them income from your trading fees.

Currently no fees on Coinbase - I have 1 month no fees using Coinbase One.

Am also up 36% already on one trade, I get it is a gamble but it is money I can afford to lose I am only starting with $50 and be happy if I can turn that into $250 so I can then put it all into Bitcoin.

[CapGelatik]

Thats a good analogy already. Buying when its down but you need to take a broader details like if its down, how long its been down, maybe its still in the phase of going down. Thats where you learn indicators where youll find out whether that project could go bounce and reversal at particular time based on past activity. Theres too much to learn but you understand a good way on how to start and thats great.

Right and that's why I think in trading we need to have both skills and knowledge,
as traders we need to keep learning and that is the important part,
To become a successful trader requires sacrifice as well

[tvplus006]

...If it gets to a point where we experience a crash and I buy in at a price we don't see again for another month or so then I will just hold.

Thus, because of your mistake, you will move from traders to investors) Bear market is not the best period to trade if you are a beginner. Focus on learning and be sure to learn the rules for applying stop loss - this will really help you save your deposit in the future.

[irhact]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

If you don't understand trading don't involve yourself until you have acquired the rightful knowledge needed to succeed in it. What you just described are what most newbie fantasize about during but the market doesn't always favor them and just for you to understand how things work. If a coins drops by 50% for you to make back that 50% you'll need that coin to recover by a 100% and not that 50% that it lost earlier.

Also we're still n a bear market and coins that dump will likely dump further or take a very long time to recover. This isn't the bull market that anything seems to pump, what happens this time of the market is everything dumps including both strong projects.

[ShowOff]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Stay away from pump and dump games, you will regret it later.

I agree more if you start investing instead of taking advantage of the pump and dump situation on that altcoin. You should probably ignore it as much as possible because in most cases the trader will lose money because of it. But if you want to trade, then do your analysis on some good altcoin even if only for small profits.

[TheUltraElite]

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

The best performer today might just be a pumped coin which is go back down tomorrow never to go back up again. How exactly do you plan to know this from beforehand?

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

You can get the result on your own without spending a satoshi. Try dummy trading with a virtual capital and attempt to do this honestly on paper. See how much you are making right or wrong and see what profits you are making over a time period. That way you can understand better than any one posting here about possible income.

If I say here that buying shitcoins is a waste, you would not believe me, but do this and see for yourself and you will get the fact in your head.

[Eureka_07]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Be careful. If the market is just like that, you should see that there are a lot of winning people. That's easy to say, but that scenario is most of the time, rare to happen. Be picky, if you will pursue that kind of trade be sure that the project that you invest is the coin that you trust (not by the trend and baseless prediction).

[Nrcewker]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

How is this logical to you mate ? I mean I admit that you are newbie, but the thing you have mentioned here is done by foolish people only. I don’t want to be rude, but that’s truth my friend. I mean how do you know that the coin that went down by 15% will rise again? That’s just guessing and it’s really bad. Trading is nothing but just calculations and proper assumptions. If you master in both, then definitely you will reduce the risk of losses. I would advise you to at first watch the market, do proper research of a coin and when you feel confident, invest. Also keep a note that, at first invest the amount that you can afford to lose.

[teosanru]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Day trading? Don't even think of it. It's a full time business if you'll start in part time you'll mostly end up checking the market all the time. Better to give positional trading a try. You can hold positions for long periods by laddering them in a pattern. The theory of buying a coin at 15% down and selling it at pump sounds great but is practically impossible. You will have cases where coins will go further 15% down after going 15% down already. So don't burn your hard earned money.

[Oneandpure]

Can't guarantee with several altcoin have going dump under 15% will return back to higher price and potential pump above 10%, this risk management. Seems you was wrong way when trading at some altcoin actually your expectation when some coin have going dump under 15% and get potential back higher price later.

Change your mindset about altcoin can't going up drastically after dropping price under 15% and you can loss opportunity earn profit when using your feeling about coin have dump get chance later for breaking out to higher price. Learn step by step about right decision when trading at some altcoin, not always potential after dump and back pump later.

[inthelongrun]

For somebody with no trading experience, it is better to study first the basics of trading. And then you study the movements of some selected coins like bitcoin. You better stay away from jumping to different coins because charts are not enough to determine the movements of their prices. Look at the history of the top 5 coins in Coingecko and check their charts. You will notice that they can drop deeper than 15%. Bitcoin alone who's considered the most valuable and safest among cryptocurrencies dipped from $60k down to $15k late last year.

It might feel easy to think about earning thru trading. So the best way is to experience it for real. I am not a fan of demo trading accounts so put in $100 and do actual trades while learning the basics.

[KingsDen]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

The method you are talking about is a layman method especially for newbies who normally tries out the method.
I have tested that method before and I have known how it works, it will likely lead to losses especially now that the market is in the red condition.
The method works fairly when the market is in bull run. This will make it possible for every coin that comes down to rise again. When I did it I did it for selected coins and not for all the coins.
My advice is as a newbie don't try it just make out time and learn before you earn

[el kaka22]

The best way to start trading as a newbie is to learn how to read indicators, it will not make you rich over night but it would definitely get you the basic understanding of what the market is and how you could read the situation we are in. Like for example, many people think we are in a bad situation right now, and yet anyone who knows how to read the market would tell you that it's on the verge of going up and doing something good, we just don't know when.

Until it happens, people who are afraid would look right, but when the price starts to go up, people who knew this would say they expected it. That's how you should start, by being "in the know" and studying the market.

[stomachgrowls]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Could be that possible since this is trading on the first place.The main issue or challenge you would be facing up with this kind of behavior of trades is on how you would be able to determine on which coin will be moving

out with those kind of percentages? It would really be that hard for you to point out.If ever you would be sticking with main coins then those percentages on day matter cant be that possible specially now
that the price is really moving that sideways which its really hard to make out some movements or decisions.

Well, this is the hardest part of doing trades on which it might look on being simple but when you are on the middle of the situation then its something you cant
done it easily.

[Rengga Jati]

It will depend on what coin you are referring to. because not all coins that go down are able to go up again even though we have waited a long time. Meanwhile, we usually carry out trading activities for short term periods, especially daily. And this doesn't have to be a benchmark because coin price movements will continue. If you decide to try trading, then you must continue to focus on the market, be able to analyze the market and its movements, and be able to read market indicators. By analyzing and predicting it, it is not certain that we can always get profits. In this case, actually, you need to prepare yourself optimally before starting trading. At least you need to learn and understand about analysis techniques and also Fundamental analysis to help you understand market movements. indeed TA and FA do not make you will always take profits, but at least this will help a little to know how possible.

And one more thing, if you are newbies, don't ever be tempted to do Future Trading because this is really high risk and has the potential to make you lose.

[shinratensei_]

trading is as simple as buying low selling high but the practical implementation of that is really difficult, if you want to know the real condition of trading you should use the demo features in many exchanges, that way you could get some grasp of how things works in general, moreover, be ready to use investments that you could afford to lose, the trading isn't always friendly to individuals, instead it's always the big whales that got the most out of it and make some individuals traders lose in the trading, therefore you should know that you're always at the worst odd of making profit if you have relatively low money.

[xSkylarx]

Your strategy is very simple and easy to follow, but the problem is, how would you choose which coin to buy? How can you make sure that it will pump and not go to its grave? Though it is working, it is very risky on that part of choosing the right coin. I don't know if you already know trading, but try to learn it first since your strategy is like "buy low, sell high," and you are just on the tip of an iceberg. 

[palle11]

I have preferred to use low leverage, averaging at times, leave trade opened for days. Trades I was losing before do come to be profit later after many days of opening position because I use small amount, low leverage and leaving position for long time if no profit for short time.

Is not all the time that roll up trades will turn into profit. Sometimes a long trade like that keep losing straight and your capital keep burning down. You can not rely on such trade to come back from losses therefore using stop loss comes in here. If you want to extend your time in the market when you have used low leverage then you need to use stop loss incase your expectation is not met.

[Mpamaegbu]

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

Trading is a highly technical terrain. Don't let anybody deceive you into thinking it's an all comers affair. It's not. This isn't to scare you. It's just to prep you for the murky waters ahead. I don't want to suger coat it and tell you otherwise because I write from first hand experience. Be it FX, cryptos or Binary, they're all good to make you comfortable in life once you've a good handle on them. Put in the works and master their basic set skills first before thinking of profiting from them. Don't begin with profit making in mind; that will ruin you. While aiming for indicators, stick more to leading indicators – Support & Resistance, Pivot Points, Trendlines. They have better direction than others I didn't mention here which are lagging.

[Rockstarguy]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

Don't have the mindset of making money in trading when you don't have any idea about trading.  What you should consider first is to learn,  have knowledge about it first. Trading does not make one to be rich but can help one to financial stable expecially when their is a source of income as a beginner.  Don't think trading is something you can just start and make a lot of money . You have to give your time and learn trading,  if you learn and understand you gain good profits in trading.

[Oshosondy]

Is not all the time that roll up trades will turn into profit. Sometimes a long trade like that keep losing straight and your capital keep burning down. You can not rely on such trade to come back from losses therefore using stop loss comes in here. If you want to extend your time in the market when you have used low leverage then you need to use stop loss incase your expectation is not met.

I can never use stop loss. I have used it in the past and I have experiences not to use it again. Stop loss is for newbie traders while learning and for those professional traders that uses high leverage. I do not use high leverage anymore and I do not use stop loss anymore.

Trading does not make one to be rich but can help one to financial stable expecially when their is a source of income as a beginner.

There are even some people that have negative says about their trading experience, about how they lost huge amount of money. Trading can bring profits or losses should be what newbie traders should start with and look for are strategies to know how to avoid the losses.

[retreat]

-cut-

Anyone done something similar or will it just lead me to losing my money?

I can say that the average newbie who is just getting into trading thinks something like this “buy when it goes down, sell when it goes up” but it is not as easy as you think. When you are sure that a coin is going to go up, it can just go down and keep going down until it is well below the point you bought it at. Maybe you will continue to hold the coin, but that could make you lose even more and in the end you will not get profit but even bigger losses.

My advice is that it's better for you to trade with small capital first and buy popular coins, for example like BTC, BNB, or ETH. Maybe you will experience losses at first when trading these tokens, but if you are patient and continue to monitor the market you will definitely be able to make a profit. The point is to stay patient and exit when you are profitable enough.

[Oshosondy]

I can say that the average newbie who is just getting into trading thinks something like this “buy when it goes down, sell when it goes up” but it is not as easy as you think. When you are sure that a coin is going to go up, it can just go down and keep going down until it is well below the point you bought it at. Maybe you will continue to hold the coin, but that could make you lose even more and in the end you will not get profit but even bigger losses.

My advice is that it's better for you to trade with small capital first and buy popular coins, for example like BTC, BNB, or ETH. Maybe you will experience losses at first when trading these tokens, but if you are patient and continue to monitor the market you will definitely be able to make a profit. The point is to stay patient and exit when you are profitable enough.

That was what I thought before, that I should buy at low price and sell at high price, it was not even derivative trading, it was spot trading and I lost some money because of lack of experience. Those were the days I was a newbie trader before I later decided to know how to trade on derivative market.

Using small amount of money is very important for newbie traders because they will have emotions, thinking they are losing and close a trade. What they will experience is reduction in trading fund before they will have experiences and the right strategies to make profits. Little amount of money should be used by newbie traders to start trading.

[Jawhead999]

I always advice to every newbies, don't trading if you can't willing to lost 90% of your money and lazy enough to learn! it's better if you just stick invest in Bitcoin and make more money in your fixed or real life job. In trading you need to be active for 24/7 since you must not miss any moment when you're need to sell and when you're need to buy, when you miss the good moment, you can't maximize your profit.

[Adbitco]

Yes i have been involved in this before it's called "Scalping" and is best suited for the beginner but somewhat risky because you have to choose the best coin to buy that would give you such percentage in two to three days, apparently you need a better funds to start this operations and must focus on a reputable coin, such as BTC, ETH and BNB and any other coin that changes so faster. But before you venture into this you must ready to use a spare funds that you aren't eager to use immediate or time soon as some coin may not gives you the results you wanted after purchase.

[monineklutak]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

Don't have the mindset of making money in trading when you don't have any idea about trading.  What you should consider first is to learn,  have knowledge about it first. Trading does not make one to be rich but can help one to financial stable expecially when their is a source of income as a beginner.  Don't think trading is something you can just start and make a lot of money . You have to give your time and learn trading,  if you learn and understand you gain good profits in trading.

Not all of them do but I still find those who want to make quick profits in trading,
I agree with you that the mindset needs to be changed and they also don't realize that mindset is not a good thing,
in trading knowledge and skills are needed and we can get that by learning

[Sterbens]

If reading what will be your trading strategy, I'd say it's a very easy strategy to implement Lol. But in practice it's not as easy as you say, moreover, it's not always a coin that drops 15% and then pumps back 10%, if that cycle always happens then there's no such thing as failing in this trade, everyone must be successful.
Don't try something you don't understand, it's better to do something that many people are sure to do, namely investing in bitcoins.
If you have the thought that what you are saying is wanting to make a quick profit, then that is a very big mistake. I'd rather say you said luck.

[maydna]

I would not advise a beginner to trade before understanding how to analyze market movements. He must know how to do it first and get used to trading through a demo account or at least he can learn to analyze market directions. After understanding how to analyze the market, he can only start trading with a small amount of money to see how far he has understood his lesson.

In your case, you can lose money often because you buy a coin down 15% and expect it to get a 10% pump so you can sell it at a profit. If only it were that easy mate.

But it won't be as easy to imagine because we also never know which coin will get the pump. So you better learn more about analysis to know which coins can be bought, held, and sold at high prices.

[livingfree]

This is exhausting, I didn't do it before but I've seen someone it before and at the beginning, it was working for him but not for a long time.

You can test it out and see if it's going to work for you. We as traders and investors have differences and some things that might work for me is the opposite for you.

Have a dry run and experiment and see if your encouragement and plan will result into a good one if not, then try again until you realize that there must be some other strategies that could work for you.

[gunhell16]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Tried doing that recently, but it wasn't profitable for me as a cryptocurrency trader. Because I want to sell at least 30 to 40% depending on its resistance movement on the chart.

Because if that's the only way to make money in crypto, it seems like I won't be able to achieve the goal I'm looking forward to.

That's why if I were you, try to learn more about crypto trading here in this industry anyway.

[Franctoshi]

I will advise you should forget about the money side of trading for now and focus on the learning process, because after learning you earn.
So, Just know that if your aim is to make side hustle with trading and as you've stated that you got no experience in trading, then be rest assured that in the end you gonna lose your money.

Your main focus should be on learning and understanding how to trade profitably, And that's what you should do right now as we're in the bear market before the start of next bull market.

There are rules involved in trading and you must know them and also develop your own rule base strategy in order to Navigate the volatile crypto market.

[jostorres]

Your strategy is very simple and easy to follow, but the problem is, how would you choose which coin to buy? How can you make sure that it will pump and not go to its grave? Though it is working, it is very risky on that part of choosing the right coin. I don't know if you already know trading, but try to learn it first since your strategy is like "buy low, sell high," and you are just on the tip of an iceberg. 

Trading is all about buying low and selling high. for now he only knows about the basics because he is still a newbie but he is willing to learn more on how to become a professional trader. when we say professional trader, this will now involved technical analysis (i.e charts and drawings) and not just by simply looking if which coin have gone down or have gone up.

He admits that what he is currently doing is like playing a gambling because he have no idea yet if the coin that have drop is a shitcoin or not but it's great that he got lucky and he is still up by some percent. Despite of it, he still thinks that what he is doing is not complete. This is what I like about him.

[borovichok]

There are many strategies for trading. The trading platform is risky if you do not know this strategy of trading. You said you are a newbie so you better not think about live trading. Trading platform is not so easy that you can earn money from here very easily. People are losing a lot of money from here for a small mistake. So there are many strategies to learn about trading for those who are new I think using all these strategies then they should come to the trading platform.

Newbies are meant to undergo specific trading Courses before taking the bold step into trading live accounts with reasonable leverages and lotsizes. Newbies are ought to have complex PDFs that would be embedded inside a book or online trading courses. Trading is risky and takes only the bold and brave ones to gain profits and survive in both the bull and dump season. Trading don't only comprises of technical and fundamental analysis, there's more to it, how one can eliminate greed and exercise patience for good trading entries.

[xSkylarx]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

There are many strategies for trading. The trading platform is risky if you do not know this strategy of trading. You said you are a newbie so you better not think about live trading. Trading platform is not so easy that you can earn money from here very easily. People are losing a lot of money from here for a small mistake. So there are many strategies to learn about trading for those who are new I think using all these strategies then they should come to the trading platform.

Using all kinds of strategies creates more confusion; it is not like in gambling, where you can use them all. In trading if someone teaches you their strategy but if it isn't working for you, you need to find another strategy or create your own. Most traders create their own strategies as most of the ones they've copied are not working for their trading style, which is why they end up creating their own or customizing other strategies and also in trading your strategy is needs to be simple just couple of confirmation before you can trigger your trade.

[Inspiron14]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

There are many strategies for trading. The trading platform is risky if you do not know this strategy of trading. You said you are a newbie so you better not think about live trading. Trading platform is not so easy that you can earn money from here very easily. People are losing a lot of money from here for a small mistake. So there are many strategies to learn about trading for those who are new I think using all these strategies then they should come to the trading platform.

It's better to learn first and don't need to rush, especially since this is a trade where the risks are big.
study all the strategies and determine which one suits you,
what is clear is that there is still a lot of preparation to be done and it certainly takes a lot of time too

[gabbie2010]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

Don't have the mindset of making money in trading when you don't have any idea about trading.  What you should consider first is to learn,  have knowledge about it first. Trading does not make one to be rich but can help one to financial stable expecially when their is a source of income as a beginner.  Don't think trading is something you can just start and make a lot of money . You have to give your time and learn trading,  if you learn and understand you gain good profits in trading.

I think that is where newbies always get it wrong when it comes to trading, their mindset is earning profits first without taking the rigorous learning steps of trading, that is why 95% traders always loses their portfolio majority always liquidate or rekt their funds due to lack of knowledge, the OP needed to study, learn and practice via demo or stimulation until profit making is consistent, trading is not gambling where the price of a coin is predicted to pump in certain period of time, however trading with knowledge in Technical, Fundamental analysis couple with a strategy  are needed to guarantee consistent profit earning however all these comes with learning and experience.

[tvplus006]

This is exhausting, I didn't do it before but I've seen someone it before and at the beginning, it was working for him but not for a long time...

This strategy only works in a bull market when purchases are made during a correction. In a bear market, with such purchases, you can lose a deposit, since there is no certainty that after the price drops by 10-15%, it will subsequently begin to increase. Most often, the price continues to decline, as the market is bearish.

[Ararbermas]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

it will gonna lead you losing money for sure, so i suggest stop doing that because fyi not all coins can guarantee a good progress in the future even many people talking about it or trading it because it doesn't make sense at all . And don't just basing on it's situation, i mean must seek for specific information first as well before investing or trading if the coin has really a potential even in short term if you really want to make profits.  Choosing a coin isn't easy like what you think mate. So better learn more about trading..

[Tony116]

It sounds simple and very easy to make money, but think, if trading were that easy, we would all be rich, and no one would lose in this market. I can say that trading is considered the hardest part of the market, not everyone can make a profit from it. I recommend that you take the time to learn before you start to practice trading, it should be added that in addition to the knowledge and experience to start trading, you need to prepare some money that can lose. Because I haven't seen anyone start trading without losing. Professional traders also had to lose a lot of money before having the success they are today.

[ajiz138]

Of course you are allowed to make side income from trading but you have to remember about the concept of trading in crypto? and it's not easy especially for beginners, so you still have to learn more about trading and lots of patterns that have to be learned as well as using money that isn't big so you won't experience big losses even though it's part of the risk but still a beginner asks then what's already know trading must anticipate that novice trading is not too aggressive when you don't know qualified skills, so live it and learn good trading concepts.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

It's not going to be as easy as you say, sometimes we'll get stuck buying price drops and it doesn't re-pump for a long time in fact it's going to tend to drop even more so it's not going to be easy to try a few times, my advice is don't let this become a habit but with the knowledge they have, they will be able to look for potential with a profit of 10% or even more.

[albon]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

If your experience is zero, it is not unlikely that you will lose your money in vain. Trading is not easy, not guaranteed, and is not always furnished with gains. You must gain experience first, make your investment low, and be aware of the right trends, basics, strategies, good trading platforms, how to conduct research, and know the chart curve, so I advise you to educate yourself, as the more information and knowledge you have, the more available opportunities that you can benefit from, n addition to that the buying and selling operations that you make are the ones that will help you collect profitable amounts. Knowing the right time is one of the most important things in trading and choosing good currencies is what gives you profits. Therefore, if you want to buy currencies, choose a time when the markets are stable and free from fluctuations and sharp price changes, and currency prices are cheap.

[tjtonmoy]

Firstly, I would say if you don't have experience, then learn first. Then come back to trading. There are some things you need to keep in your mind before trading.

That includes :

• Start small and learn as you go:
  Don't risk a lot of money on your first trades. Instead, start with small amounts, then slowly increase your amount as you gain more experience and confidence.
• Have a plan:
  Know what you want to achieve with your trades and have a plan in place to achieve it. This should also include your risk tolerance, your investment limit, and the specific cryptocurrencies you want to trade. Make a plan on how much you want to earn or can earn with your assets and what's the most amount you can afford lose.
• Diversify your portfolio:
  Don't put all your assets in one thing. Instead, spread your risk by investing in a different cryptocurrencies and not focus on one. This way, if you choose wisely, then you can make profits even if you lose some in the process.
  
• Don't get emotional:
  It's important to keep a cool head when trading cryptocurrency in order to not make any mistakes. Emotion leads to wrong decisions. Don't let greed or fear influence your decisions.
• Protect your assets:
  Make sure to secure your cryptocurrency holdings by storing them in a safe and secure wallet. There are many posts regarding this in this forum. If you already know how to do it, then it's all good

There's also a lot to take in to consider, but I don't think I will be able to point out all. So read all the reply and try to learn from them. Tere are more experience people who are leaving their thoughts here. Follow their words and Do Your Own Research too.

[Alisha-k]

It is a nice strategy but as a newbie start with an amount you can afford to lose then increase your risk when your confidence level increases. 10% profit is very achievable with good timing. But make sure there is a written plan for your goal. And your plan should be bold enough and kept at a strategic place where your eye will have a daily contact with so you maintain your goal.

[Hallroom]

If you are trading then of course I think you should train on a trusted coin.  Because if you keep trading on any coin other than trusted they can go away in case of market dumping.  That's why trading should be done by looking at the good platform and the future of the coin by looking at the website.  As is Bitcoin.  By trading on Bitcoin you will definitely profit and be successful.

[Sebas.tian]

Thats a good analogy already. Buying when its down but you need to take a broader details like if its down, how long its been down, maybe its still in the phase of going down. Thats where you learn indicators where youll find out whether that project could go bounce and reversal at particular time based on past activity. Theres too much to learn but you understand a good way on how to start and thats great.

Buying when the price is down is a sign that you will achieve something good at the end of your investment when the price is high in the market, which is a popular strategy many potential traders used to make more profits from the community. Carry out your personal research before investing,  it will help you to identify potential coins in the market so that you will not invest wrongly in the market than to make a good choice that will bring something good in the future. Bitcoin and Ethereum is still looking profitable to both long term traders and short term traders to use this season to buy and hold until the price increase higher before they can sell to make income.

[cryptoaddictchie]

Buying when the price is down is a sign that you will achieve something good at the end of your investment when the price is high in the market, which is a popular strategy many potential traders used to make more profits from the community.

Buy low sell high is a typical approach however it doesnt mean that its always work that way. Some projects arent gonna go that way that why we need to be careful on choosing which one will have a good run on the next bull run. Yes its gonna be hard to distinguish thats why we need basic knowledge and also maybe charisma on choosing our investment. The only mantra you could use are your brain for these matter so pick wisely.

[Davidvictorson]

I always advise new traders to think long-term while making decisions. Know how to accept and manage the risks associated with trading. Don't put all of your money into trading; if you are losing a lot of money, know when to stop, pause, and review. Furthermore, the importance of a trading coach cannot be overstated. It is advised that you find a mentor and consult with them anytime you are unsure of something because any mistakes you are going to make may have already been made by them.

[Yamifoud]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

It was a profitable strategy but I was not really confident if you could apply it in actual trading. We have to consider the current situation OP, though aiming for 10% is not impossible but the question of you can wait for that to come knowing that we are in the bear season and most coins are in the dump. Honestly, this will become effective during the bull season but with this bear season, I'm not really sure of that.
Too harsh maybe but I tell you that it was tough to start trading this time. I would suggest for you is to buy now and just hold.

[JamesDaniel90]

Hello all, appreciate the input.

Currently I am 67% up since I started trading last week, just makes me feel like I should have started with more but I am very new to this so didn’t want to risk much!

It has opened my eyes to trading though, up until last week I had just been DCA and holding but think over the next few months and definitely into the bull market I will do a lot more research and give trading a go properly.

[irhact]

Firstly, I would say if you don't have experience, then learn first. Then come back to trading. There are some things you need to keep in your mind before trading.

Nicely written, this is one of the very mistakes newbie make that cause them to lose when they try to trade, they don't have any experience but they want to gamble and see if they'll be lucky then when they lose they begin to call the industry a scam or quit forever. As a newbie if you don't have any experience trading then you shouldn't do such from the very begining.

Trading should only be done by those who have spent sometimes taking lessons and have studied the market then have understood how to go about it. Everybody must not be a trader, you can become an investor or pick interest in other ways of making money from the market.

[tjtonmoy]

Firstly, I would say if you don't have experience, then learn first. Then come back to trading. There are some things you need to keep in your mind before trading.

Nicely written, this is one of the very mistakes newbie make that cause them to lose when they try to trade, they don't have any experience but they want to gamble and see if they'll be lucky then when they lose they begin to call the industry a scam or quit forever. As a newbie if you don't have any experience trading then you shouldn't do such from the very begining.

Trading should only be done by those who have spent sometimes taking lessons and have studied the market then have understood how to go about it. Everybody must not be a trader, you can become an investor or pick interest in other ways of making money from the market.

Basically what I said all was just what a beginner should do. After that, they have a long journey ahead of them. Mastering these will take a long time and if you can survive this then you can learn the advance technique. If you can't master this and make the same mistakes over and over, then your future is dark. You can never be a successful trader.
These are just simple basic knowledge that newbie should know and also learn. Hope this could help OP to make his journey a bit easier.

[virasog]

It is a nice strategy but as a newbie start with an amount you can afford to lose then increase your risk when your confidence level increases. 10% profit is very achievable with good timing. But make sure there is a written plan for your goal. And your plan should be bold enough and kept at a strategic place where your eye will have a daily contact with so you maintain your goal.

If you are a beginner in trading I would suggest not even use the amount which you can afford to use, but rather do paper trading and see if you can make profit with this experiment.

Most people in trading do this mistake that they start to trade with the capital without learning and without gaining any experience. The financial markets are not easy from where you can get profit and they will just snatch your money if you come in this financial markets without any preparation.

[blockman]

Hello all, appreciate the input.

Currently I am 67% up since I started trading last week, just makes me feel like I should have started with more but I am very new to this so didn’t want to risk much!

It has opened my eyes to trading though, up until last week I had just been DCA and holding but think over the next few months and definitely into the bull market I will do a lot more research and give trading a go properly.

What you're feeling is fine and you're conscious of it. Don't get overwhelmed with what you're experiencing now. And, congratulations to you. The market is favoring what you're doing and bitcoin's price is going up so, the alts are also going up as well.
Don't stop with what you've started about DCAing and just keep going with it because you'll never know how much gain you'll have when the actual bull run has started.
Don't also be discouraged if you're up for now and soon you'll see that it's on red because that's a normal phase of this market.

[GeorgeJohn]

I always advise new traders to think long-term while making decisions. Know how to accept and manage the risks associated with trading. Don't put all of your money into trading; if you are losing a lot of money, know when to stop, pause, and review. Furthermore, the importance of a trading coach cannot be overstated. It is advised that you find a mentor and consult with them anytime you are unsure of something because any mistakes you are going to make may have already been made by them.

Actually some people don't undergoes training before venturing into trading, the main factors that makes some people to start experiencing lost during trading is lack of understanding the primary techniques behind trading, and sometimes people learn trading through online tutorial, so their is no way you can learn trading without understanding the basic things that will hinder your trading ambition or your target in trading.

[Hamza2424]

Trading as a newbie dear it is similar to the most famous quote in my region fire in hands of the Monkey no doubt monkeys are one of the intelligent animals but they are not familiar with fire so they ruin everything similar to this. Try to understand the exact same case in trading any type of trade no information means zero earnings and 100% loss. Learn then Earn as always suggested train first then apply any model.

[Quidat]

Trading as a newbie dear it is similar to the most famous quote in my region fire in hands of the Monkey no doubt monkeys are one of intelligent animals but they are not familiar with fire so they ruine everything similar to this. Try to understand the exact same case in the trading any type of trade no information means zero earnings and 100% loss. Learn then Earn as always suggested train first then apply any model.

You should really make yourself that versatile as much as possible on which its a must thing for you to be able to learn and as a newbie then it would really be just normal that you would really be having
mistakes or which it is really just a common error for a noob but sooner or later on the time that you do able to gain up experience then you would really be able to hold yourself and sustain
on this market but of course it wont really be a smooth sail ride which you had thought or think up earlier when you are just starting.You would be learning up
due things along the way thats why you shouldnt really make yourself in a hurry.

[Peanutswar]

If you dont have any experience of ideal to watch first those videos on the internet just an insight.your heads up or insights only and then you can have an idea to seek what kind of coin you will make to trade with and by that next to know good is the how does the technical analysis works this really helps you where to entry your position and exit. Of course trading not only with knowledge but also the concept of.your discipline to make a trade.

[Kelvinid]

Hello all, appreciate the input.

Currently I am 67% up since I started trading last week, just makes me feel like I should have started with more but I am very new to this so didn’t want to risk much!

It has opened my eyes to trading though, up until last week I had just been DCA and holding but think over the next few months and definitely into the bull market I will do a lot more research and give trading a go properly.

You'll be happy with that 67% up but never be surprised if one day it drops because of the volatility of the market.
You already have that momentum, keep doing DCA as this is the best strategy used during the bear season. The bull season will come soon but not this year and if you want to keep holding, well, I guess you need to extend your patience as well.

You don't need to rush OP, just keep learning as this is the way it helps you to understand more about how trading works. Buy, Sell, and Hold...

[livingfree]

This is exhausting, I didn't do it before but I've seen someone it before and at the beginning, it was working for him but not for a long time...

This strategy only works in a bull market when purchases are made during a correction. In a bear market, with such purchases, you can lose a deposit, since there is no certainty that after the price drops by 10-15%, it will subsequently begin to increase. Most often, the price continues to decline, as the market is bearish.

Yeah, depending on the market situation too.

And those that I've seen before that did this were too happy not until they can no longer win over this strategy against the market. I guess perfect timing it is and that should be taken as a note.

So, when they or anyone who's thinking of doing this sees the same situation, you can capitalize and do the strategy if you think that shall work on your technique.

[Sayeds56]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

If somebody decides to risk his money in trading then nobody can stop him because its his money, but for newbies it is very important to understand the risks involved in this field, though it can be a great way to potentially make earning but with proper research, understanding the dynamics of market & learning technical charts to get help from, for entry and exit at right time & protecting your trade through use of risk/money management tools to avoid total loss of capital.  

[Hyphen(-)]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

The first piece of advice I will give you is to wait until you have learned and acquired sufficient knowledge about crypto trading before considering which coin to invest in.
Knowledge is the foundation of all success, and to be a successful trader, you must be knowledgeable about trading as well as aware of the risks involved in crypto trading before you begin.

Finally, invest only what you can afford to lose.

[Volimack]

I agree there are numerous pitfalls in trading for newcomers it's better not to come to the trading platform at first all types of trades have pitfalls. This means that while you can make a lot of plutocrat, you can also lose it. To reduce the threat you need to do a many effects. First open only one trade after thorough analysis it should include technical, fundamental and sentimental analysis must practice well.

[Pandu Geddon]

It is not right for a person to come to a trading platform without having complete knowledge about trading. Trading platform is not a very simple thing where you can trade easily. There are some trading platform strategies that if a person does not have these strategies then he will never be able to profit from the trading platform. So in order to do trading, a person needs to gain complete knowledge about trading and then start trading. Otherwise he will only lose on his trade.

makes sense, trading is not for beginners. but beginners can learn to trade. and after having adequate skills and knowledge. then traders need to seek experience. it is important to try to trade even if it will give us losses.
OP thinks trading looks so easy. buy drop and sell pump. even the OP may not realize the asset is going down and it's very hard to make a pump in a bull market.
the more we don't know about trading, the greater the risk a trader will get. and it goes the other way around.

[nara1892]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Your decision to trade when there is no basis whatsoever is a mistake.
I think it is better for you to start with some demo accounts to learn more but if you really insist on real trading you better start with small money even though I really advise against doing that.
You need to learn at least the basic techniques in this regard because it is a trade not a gamble where you can guess whether to profit or not.

[JamesDaniel90]

No trades today as I my last entry was Gala @ $0.046 and it has been below that all day.

Hopefully we have some sideways action before the next pump when I plan to sell at $0.049.

Either way I am happy as I have a separate bag of Gala so will just hold until it is time for me to sell for some profit.

Quick question, what timeframe is best for day trading?

[Questat]

Quick question, what timeframe is best for day trading?

It was hard to tell what is the best timeframe for trading because of the market condition but for me, I often check every hour for not active coins. But if you are using coins that are very active or highly volatile, it is best to every now and then (let us say every 5 or 10 mins). With the constant observation of the market will help you determine what is best. But I would say that don't focus on the timeframe because the market trend will change from time to time.

[wxa7115]

Quick question, what timeframe is best for day trading?

It depends on what you are trying to achieve, I think the one hour chart offers enough volatility to allow a skilled trader to obtain profits, while at the same time it allows you to trade some major intraday trends early on.

Some traders prefer to use the 5 minute chart or even the 1 minute chart but if I am honest the movements at such time frames are simply too erratic and they increase the need for flawless execution from the trader, which is too difficult for a newbie like you to execute.

[justdimin]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

It's normal to be dumbfounded at first because it would just mean that you are starting out and it's normal. People who expect any good profit for the first 6 months of trading, are people who either have no idea how hard trading is, or they could get lucky with an insanely good bull run and make that profit.

For example, if you started trading at January of 2021, and traded until summer? That would make you so much money and you were in a lucky situation but that also leaves the fact that what could you do in 2022 with nothing learned in 2021? That's why it's important to realize you should not be good at first, that's normal and it will take a while before you could get better.

[Cookdata]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

What you need right now is a video tutorial and some guides, check youtube for some brief videos and this forum for some tutorial guides, make use of the forum search bar to make enquiries about trading guides, you will have some self-explanatory threads that will help you out but at the same time you should NOTE: That the videos and material you watch and read are just for learning purpose, that doesn't really mean you may encounter similar trades, the market changes with the trend, you should use them as starter kits and improve your trading.

There is a tip I want to share with you, real traders learn during the bear market and that is what you should master now, when the bull run comes, you wouldn't stress much about trading, most often than not, you will always have a long position open with lots of profits because after all-time high, the candles that come are always wild and massive due to FOMO and that's when you make lots of profits.

[beerlover]

What you need right now is a video tutorial and some guides, check youtube for some brief videos and this forum for some tutorial guides, make use of the forum search bar to make enquiries about trading guides, you will have some self-explanatory threads that will help you out but at the same time you should NOTE: That the videos and material you watch and read are just for learning purpose, that doesn't really mean you may encounter similar trades, the market changes with the trend, you should use them as starter kits and improve your trading.

There is a tip I want to share with you, real traders learn during the bear market and that is what you should master now, when the bull run comes, you wouldn't stress much about trading, most often than not, you will always have a long position open with lots of profits because after all-time high, the candles that come are always wild and massive due to FOMO and that's when you make lots of profits.

Youtube is definitely a great place to find those type of things but you need to make sure that you find a good one. First of all find one that is in great English, secondly find one that has millions of views and not just a few thousand ones, and lastly check the comments and see if people think it's stupid or not. If you find one that speaks clearly, and then have 10+ million views, and everyone thanks them at the comment section that means you probably found a good one.

I have seen plenty of people who do not know what they are talking about end up making videos just to make money on youtube, and you should try to avoid them as much as possible because it would give you wrong information.

[Fesatmas]

Quick question, what timeframe is best for day trading?

It depends on what you are trying to achieve, I think the one hour chart offers enough volatility to allow a skilled trader to obtain profits, while at the same time it allows you to trade some major intraday trends early on.

Some traders prefer to use the 5 minute chart or even the 1 minute chart but if I am honest the movements at such time frames are simply too erratic and they increase the need for flawless execution from the trader, which is too difficult for a newbie like you to execute.

The more we shorten the movement time of the charts displayed on the market, the more we cannot turn away and are required to focus on movement. Here we have to be really skilled and have to take advantage of every important moment in the chart. This too I think only professional traders can do well. For novice traders and just messing around, things like this are not recommended because it can burn money at any time, even in a short period of time.
I remember back when I was clouded about trading, I wasted $100 in a short amount of time. Maybe that amount is not much for some people, but for people who have minimal capital it is very large.

[ShowOff]

The more we shorten the movement time of the charts displayed on the market, the more we cannot turn away and are required to focus on movement. Here we have to be really skilled and have to take advantage of every important moment in the chart. This too I think only professional traders can do well. For novice traders and just messing around, things like this are not recommended because it can burn money at any time, even in a short period of time.
I remember back when I was clouded about trading, I wasted $100 in a short amount of time. Maybe that amount is not much for some people, but for people who have minimal capital it is very large.

There are many methods that can be learned about trading, depending on the wishes of each individual. Analysis is the most important, it must be learned and a trader must have it before starting trading.

Losing money easily on trades is always possible especially when the trader doesn't do proper analysis. Day trading and futures trading may not be the right choice for those who do not understand the market and are unable to make analysis, and in this case I myself tend to recommend investing over trading. The basic understanding is simple, buy low and sell high, but in practice it is completely different.

[Cling18]

The more we shorten the movement time of the charts displayed on the market, the more we cannot turn away and are required to focus on movement. Here we have to be really skilled and have to take advantage of every important moment in the chart. This too I think only professional traders can do well. For novice traders and just messing around, things like this are not recommended because it can burn money at any time, even in a short period of time.
I remember back when I was clouded about trading, I wasted $100 in a short amount of time. Maybe that amount is not much for some people, but for people who have minimal capital it is very large.

There are many methods that can be learned about trading, depending on the wishes of each individual. Analysis is the most important, it must be learned and a trader must have it before starting trading.

Losing money easily on trades is always possible especially when the trader doesn't do proper analysis. Day trading and futures trading may not be the right choice for those who do not understand the market and are unable to make analysis, and in this case I myself tend to recommend investing over trading. The basic understanding is simple, buy low and sell high, but in practice it is completely different.

We all went through being a newbie and to be honest, applying the basics of buying low and selling high is not as easy as we think. There are still other things to consider and we must also be able to deal with the volatility of the market. Burning funds in short and day trading has a bigger possibility than long-term holding so we must know the target period and profit that we want as well aa the risks that we are willing to take.

[isaac_clarke22]

~

Oh tell me about it, I trade back when I was still in my few days in crypto since I thought it would be just easy and I just need sit in front of my computer all day and guaranteed that I would earn a profit or two, but nah it was a hell of an experience. I just could not earn a single penny since I was not up to that kind of strategy.

Don't force myself when it does not work, right?

[Wind_FURY]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Buying the DIP, and simply HODLing is the best policy for plebs like us, BUT if you truly want to "trade" you can do some "tricks" without selling your coins. One of these "tricks" is after you bought the DIP, you can add a short position as a hedge instead of selling your Bitcoins. The goal is to make some profit during a correction, then use the profit to buy more Bitcoins. It's a very good way to increase your coins without selling especially if you bought $16,000-Bitcoins.

[JamesDaniel90]

Update - currently up 110% since I started trading 9 days ago, just wish I had started with more but it is a learning game for me being very new to this.

I am only trading coins I am holding long term so if I do enter a trade and we crash then I am happy holding.

Have no idea how long this rally will last but its good to see green days as its been so long!

[Sterbens]

~

Oh tell me about it, I trade back when I was still in my few days in crypto since I thought it would be just easy and I just need sit in front of my computer all day and guaranteed that I would earn a profit or two, but nah it was a hell of an experience. I just could not earn a single penny since I was not up to that kind of strategy.

Don't force myself when it does not work, right?

That's the problem, sometimes beginners have the same thing when they first know about trading, myself included. Yes, it's easy things that we always imagine, and when we practice it directly, oh, it's not easy at all. And it's even more problematic when we push ourselves enough, even though, we don't know what we are actually doing. Now it's lucky, many beginners ask questions in this bitcointalk room so there is a lot of input from those who are experienced about trading, so they can bring themselves back more to not only think about what is good.

[Pandu Geddon]

That's the problem, sometimes beginners have the same thing when they first know about trading, myself included. Yes, it's easy things that we always imagine, and when we practice it directly, oh, it's not easy at all.

especially if they first see trading videos on youtube. it sure looks very easy to get profit.
hopefully, the OP will come up with a better way of trading. this will probably take quite a while. because trading is not going to be easy to learn in a short time.
those who are currently able to experience continuous gains in their trades. once they were also beginners who continued to experience sizable losses. all depends on how we make steps when we face a very difficult situation.

[molsewid]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Try to learn SL as well in which you can minimize your losses. This can be good be good but it requires you to spend time and monitor the market, if you are okay with that they go on. There's nothing wrong with that, but better to learn at least reading The chart or at least learning to read candles, that is the basic thing that you can do and it is kinda effective.

[martyns]

I'm sure the most important aspect for a beginner is learning. At the very least, I would advise you to pay maximum attention to this. When I started working with a broker from Amarkets, I worked on a demo account in order to have enough experience.

You already said it all,that learning is the first thing to do as a beginner,Reading,research,having a mentor is all that are needed before indulging in the trading activity.You must be able to learn how the market system operates,and how to deal with loses if it comes,because in trading,you cannot really be guaranteed that Everytime you go into trading, you will always win,you should know that there are risks involved in trading,so being able to deal with it is also important as a newbie going into trading.You should also be able to do some research before going into trading.Try to know the kind of trading that will favour you at that particular point in time.

[GeorgeJohn]

I have only started with $50 as a test - I made my first trade last night after buying LCX last week at $0.033 I sold at $0.045.

This is a 36% gain which is a pretty good start, now I will wait and have a look around to see what is badly down later and buy in when I feel there is a likely pump coming.

LCX reached $0.055 last night so this is a 67% increase from where I bought only a week ago so makes me realize there is money to be made in this bear market.

What i want to say in a nutshell is that, trading is something i believe that have to do with experience, and it's only the experience person knows all about trading and can actually make a profit it's indicators, so i don't really know or understand the basic things that concerns trading. Before someone can make a profit in trading you most at least understand that trading have that trading have rudiments before someone can make a potential profit you most at least understand it's futures.

[Bitcoin_people]

Since we don't understand trending very well, we are completely new users. So I think that the newbies should not trade without knowing about the market at present. It is seen that if you invest without knowing anything, it is normal to face loss. It is a good decision for beginners to start investing with as little money as possible and trade the market with the advice of a good investor.

[xSkylarx]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Try to learn SL as well in which you can minimize your losses. This can be good be good but it requires you to spend time and monitor the market, if you are okay with that they go on. There's nothing wrong with that, but better to learn at least reading The chart or at least learning to read candles, that is the basic thing that you can do and it is kinda effective.

Stop loss is really required in trading as this can stop you from losing more. It was already taught when we first learning trading unless you want to lose all of your money. Candle patterns is needed also familiarization of indicators as it can see what is the direction of the crypto. I always using indicator to see if it is overbought or oversold that I don't get overwhelmed and very confident on my trades.

[Fatunad]

I believe that one of the most important stages for a beginner is training. This is something that is really worth paying enough attention to. Without this, the result can be somewhat frustrating.

+ dont make yourself in a rush
+ dont make yourself greedy
+ dont make yourself that impatient
+ dont make yourself get dragged with some Fomo or Hype

Stick with the known common ways or the basics and you would gradually making yourself that improved basing on those.
Sustainable is what you should really be minding off and trying out to make yourself to handle on various
market conditions.

[JamesDaniel90]

Update - now 145% up since I started 2 weeks ago thanks to the Shiba Inu pump this morning.

I am now in Gala and waiting for that to pump to close my next trade.

I know the market can crash at anytime but like I said before I am only investing in crypto I am also holding long term so don't feel too much risk.

Had I started with $1000 I would now be up to $2450 which has opened my eyes to trading.

[boyptc]

Update - now 145% up since I started 2 weeks ago thanks to the Shiba Inu pump this morning.

I am now in Gala and waiting for that to pump to close my next trade.

I know the market can crash at anytime but like I said before I am only investing in crypto I am also holding long term so don't feel too much risk.

Had I started with $1000 I would now be up to $2450 which has opened my eyes to trading.

Gala's pump IMHO was already done but, congratulations for having that much gain through shiba. Trading isn't really for everybody because when someone who sees his portfolio go down like 10% on an instant in the day, then that's going to faint his heart.

Well, keep it up and always make good decisions and don't let your emotion do the decision making for you.

[JamesDaniel90]

Update - now 145% up since I started 2 weeks ago thanks to the Shiba Inu pump this morning.

I am now in Gala and waiting for that to pump to close my next trade.

I know the market can crash at anytime but like I said before I am only investing in crypto I am also holding long term so don't feel too much risk.

Had I started with $1000 I would now be up to $2450 which has opened my eyes to trading.

Gala's pump IMHO was already done but, congratulations for having that much gain through shiba. Trading isn't really for everybody because when someone who sees his portfolio go down like 10% on an instant in the day, then that's going to faint his heart.

Well, keep it up and always make good decisions and don't let your emotion do the decision making for you.

Looks like Gala and the market is slowly falling but I am holding Gala long term anyway so if it is a while until we see another pump then so be it.

Considering I am fairly new to crypto I feel I deal with the volatility quite well, I don't panic sell or anything like that am just holding till bull run next year.

[tygeade]

Update - now 145% up since I started 2 weeks ago thanks to the Shiba Inu pump this morning.

I am now in Gala and waiting for that to pump to close my next trade.

I know the market can crash at anytime but like I said before I am only investing in crypto I am also holding long term so don't feel too much risk.

Had I started with $1000 I would now be up to $2450 which has opened my eyes to trading.

It's surprising that Shib is still alive but I think you are only lucky there so don't get carried away and stay on that coin. Remember there are still better coins out there which can give you more guarantees of earning a profit. For your second coin, Gala. I have a confidence with this one so you can stick with it.

We are now on our way to the bull run so I don't think the market can crash anytime soon but crap coins are the only ones who can crash at this point so you better be extra careful with your picks even if you say that you are mainly a long term investor. Congrats about the profit that you built during the 2 weeks of trading. I hope you will stay humble and stick within your limits only.

[martyns]

Trading is something complicated,and it's not adviceable to just jump into it,it is good to make research,ask questions,and bare in mind that anything can happen along the line.It is a two way thing,either you gain or lose,but when one loses,it is good to be matured and know that loosing is part of winning.You must loose for you to win in future,Always know that loosing gives you experience,and those experiences gives you the answer to your present problem.

[Obari]

Just as other users have adviced, I think you should get other source of income rather than hoping on trading now since you're still very new on the space and trading business. I would also advice that you take your time to first learn the basis of trading from reputable traders and also watch more of YouTube videos as well as tutorials and don't be too quick to jump into the real world of trading but first you should do more of practice with the demo account provided by any preferable broker you might choose and get more familiar with them before depositing and always remember that trading is risky and you shouldn't use borrowed money or money you can't afford to lose.

[lalabotax]

especially if they first see trading videos on youtube. it sure looks very easy to get profit.
hopefully, the OP will come up with a better way of trading. this will probably take quite a while. because trading is not going to be easy to learn in a short time.

Indeed, when we are watching the video, it seems easy. But, when we are, I am trying to do it, it suddenly feels like trading activities are something that is very difficult, It's mind-numbing, it's emotionally draining, it's like pulling strings, so many people fail or can't cope with trading activities because of these pressures. However, for those who can enjoy the activities, and really appreciate them, it is not easy, it's very difficult but they are able to be consistent in doing it and earning money on it. It needs a hard effort to do, not as easy and soft as we watch. 

[cozytrade]

Since we don't understand trending very well, we are completely new users. So I think that the newbies should not trade without knowing about the market at present. It is seen that if you invest without knowing anything, it is normal to face loss. It is a good decision for beginners to start investing with as little money as possible and trade the market with the advice of a good investor.

Yes I agree with your decision. Because newbie who don't know about trade if he wants to learn trade with big money then he will lose all his money. Newbie who want to learn trade in first stage advice from those who have good knowledge about trade.  He should start trading in the first position. If he trades like this for a few days, he will gradually have a good knowledge about the trade, after which he will be able to trade alone when he understands.

[lienfaye]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

It would be great if what you expected really happen for real, unfortunately you can't expect things to go as planned because it's not that easy. Some coins that are currently down and you think a good one to invest in can't recover back anymore for a certain reason.

That's why many traders failed to profit because the market is unpredicted even they already have experience and more knowledgeable of what they're doing. So if you want to be a trader have your own analysis and strategy, don't use a capital that you can't afford to lose since the outcome is uncertain.

[DanWalker]

Update - currently up 110% since I started trading 9 days ago, just wish I had started with more but it is a learning game for me being very new to this.

I am only trading coins I am holding long term so if I do enter a trade and we crash then I am happy holding.

Have no idea how long this rally will last but its good to see green days as its been so long!

It sounds easy, but you need to be very careful and not get too greedy, the market can give you 110% profit but can also take all yours in one night. I just want to advise you: taking profits is never wrong.

Honestly, as a newbie, it is tough to make a profit with trading, what you need to do is minimize your loss and learn from it. Persevere and don't give up every time you lose, over time as you gain knowledge and experience, you will be able to recover those losses. As a newbie, aim low and account for the losses you face. Expectations that are too high will only make you more eager to make money and will lead to more mistakes.

[bitgolden]

I have only started with $50 as a test - I made my first trade last night after buying LCX last week at $0.033 I sold at $0.045.

This is a 36% gain which is a pretty good start, now I will wait and have a look around to see what is badly down later and buy in when I feel there is a likely pump coming.

LCX reached $0.055 last night so this is a 67% increase from where I bought only a week ago so makes me realize there is money to be made in this bear market.

What i want to say in a nutshell is that, trading is something i believe that have to do with experience, and it's only the experience person knows all about trading and can actually make a profit it's indicators, so i don't really know or understand the basic things that concerns trading. Before someone can make a profit in trading you most at least understand that trading have that trading have rudiments before someone can make a potential profit you most at least understand it's futures.

It's true, with more experience you end up being a lot more fun and a lot better at what you do, it's literally becoming like a hobby the more money you make. I know it is not common for people to have trading as a hobby because it is regarding financial situation. But, if you are trading with money that you do not initially need, then you will not care about it like it's life or death.

You will have a job that gives you a salary, and the trading will be a separate thing and you will do it like a fun hobby. I have turned out to be like that after 5+ years and I am having a blast when trading, it definitely helps me make a lot more money this way for sure.

[Rodriguezan]

The discussions here are most eye-opening

[nurilham]

Because newbie who don't know about trade if he wants to learn trade with big money then he will lose all his money. Newbie who want to learn trade in first stage advice from those who have good knowledge about trade.  He should start trading in the first position. If he trades like this for a few days, he will gradually have a good knowledge about the trade, after which he will be able to trade alone when he understands.

Indeed. Newbies must focus on learning, their main goal is to get enough knowledge and experience. Newbies must avoid prioritizing profits in the early of their trading journey. If they focus on profits, they can't focus on learning and they may end up with huge losses. Newbies also don't use big money in early trading, just use small money to avoid big losses. They can use a bigger amount of money when they already have enough knowledge and experience. At least, it should take for a few months to have sufficient knowledge and experience.

[Pamadar]

Because newbie who don't know about trade if he wants to learn trade with big money then he will lose all his money. Newbie who want to learn trade in first stage advice from those who have good knowledge about trade.  He should start trading in the first position. If he trades like this for a few days, he will gradually have a good knowledge about the trade, after which he will be able to trade alone when he understands.

Indeed. Newbies must focus on learning, their main goal is to get enough knowledge and experience. Newbies must avoid prioritizing profits in the early of their trading journey. If they focus on profits, they can't focus on learning and they may end up with huge losses. Newbies also don't use big money in early trading, just use small money to avoid big losses. They can use a bigger amount of money when they already have enough knowledge and experience. At least, it should take for a few months to have sufficient knowledge and experience.

It's better to use small amount of starting capital, amount that you can afford to lose when you are starting in this business, it's true that the value of learning is more important when you are a beginner.

It's tough to use huge amount and mistakenly position your trade as the chance of losing is very possible
at the beginning, unlike when you already gained knowledge that you can use, the chance of making decent
amount of profits is very possible.

[Hypnosis00]

It's better to use small amount of starting capital, amount that you can afford to lose when you are starting in this business, it's true that the value of learning is more important when you are a beginner.

It's tough to use huge amount and mistakenly position your trade as the chance of losing is very possible
at the beginning, unlike when you already gained knowledge that you can use, the chance of making decent
amount of profits is very possible.

Besides, earning huge is possible when we already have deep knowledge about trading. Those who are in hurry usually got failed and lose their money. Putting a small amount while we are still learning is good enough to have more experience and it was not hurt to feel if ever we lose. For me, $100 is good enough, not that small but not also huge to lose if we got mistakes. So instead of thinking about earning quickly, we better focus first on how to adapt to the situation and enhance our knowledge and skills as they are the tools that could help us to grow. Because it makes no sense if we do trading and use huge amounts but in the end, we lose them all, and we only got disappointed.

[Patrol69]

Since you said you are brand new to trading then you should know trading well first.  First of all you will find a lot of related information on various social media where trading is discussed very nicely. If you don't have a complete understanding of trading then surely you can face losses while trading. Because there is a lot of risk in trading. You must decide on the matter after considering the overall situation.
But first of all you have to make an account with any exchange to trade. After opening the account, deposit the amount of money you can afford or the amount you want to trade with in that account. After making a deposit, you will buy some of the coins you like when the price drops significantly or when you feel that it is profitable to buy these coins now. After buying, when the market is positive, you can sell your coins for some profit if you want. That's how you can start trading.

[rozak]

Since you said you are brand new to trading then you should know trading well first.  First of all you will find a lot of related information on various social media where trading is discussed very nicely. If you don't have a complete understanding of trading then surely you can face losses while trading. Because there is a lot of risk in trading. You must decide on the matter after considering the overall situation.
But first of all you have to make an account with any exchange to trade. After opening the account, deposit the amount of money you can afford or the amount you want to trade with in that account. After making a deposit, you will buy some of the coins you like when the price drops significantly or when you feel that it is profitable to buy these coins now. After buying, when the market is positive, you can sell your coins for some profit if you want. That's how you can start trading.

buying and selling coins is something that can be easy for beginners to learn. but some things are more difficult for novice traders to learn, market analysis and analysis of choosing the right assets to trade. maybe beginners will do better with spot trading which has a long time plan. because day trading doesn't seem so good for beginners.
most importantly, do it with small money first to hone skills and gain experience in trading.

[Inwestour]

buying and selling coins is something that can be easy for beginners to learn. but some things are more difficult for novice traders to learn, market analysis and analysis of choosing the right assets to trade. maybe beginners will do better with spot trading which has a long time plan. because day trading doesn't seem so good for beginners.
most importantly, do it with small money first to hone skills and gain experience in trading.

Day trading can also be done on the spot. Yes, spot trading is a significant reduction in risk, but still it is not a panacea that can solve all the problems of beginners. The biggest mistake is to start selling at a loss, afraid that the price will not fall further.

Market analysis is also very good, but it is not always possible to correctly interpret what we see, and besides, it almost always gives us two or more possible scenarios. Now, when the whole market is going up, it may seem to a beginner that he understood something in trading, but as soon as everything turns down to a correction, everything will change.

[LUCKMCFLY]

Trading as a novice is pretty much making moves by chance and because you think it's going to happen for no reason, or because you think the move will somehow just because you think the pattern has to look like something, I think novice traders also believe In these things they can fall that only handling some things such as technical analysis with some tools can solve everything and it is not like that, coercing as a novice is like entering a casino to do gambling, because everything is left to chance and that means that you cannot even read the volume when it is so important in trading.

[$crypto$]

buying and selling coins is something that can be easy for beginners to learn. but some things are more difficult for novice traders to learn, market analysis and analysis of choosing the right assets to trade. maybe beginners will do better with spot trading which has a long time plan. because day trading doesn't seem so good for beginners.
most importantly, do it with small money first to hone skills and gain experience in trading.

Day trading can also be done on the spot. Yes, spot trading is a significant reduction in risk, but still it is not a panacea that can solve all the problems of beginners. The biggest mistake is to start selling at a loss, afraid that the price will not fall further.

Market analysis is also very good, but it is not always possible to correctly interpret what we see, and besides, it almost always gives us two or more possible scenarios. Now, when the whole market is going up, it may seem to a beginner that he understood something in trading, but as soon as everything turns down to a correction, everything will change.

But beginners can understand from spot trading rather than futures it would be better to start from the spot. We look at doing analysis openly and slowly, because of course beginners need a lot of time to do that, from all that he has experienced, for example, with losses, it's only natural mentally prepared he should be able to do that better than his previous mistakes.

The simplest thing is to target profits and don't become day trading for profit, just buy a better coin, wait a few days for this coin to go up, if it is possible to change to an increase then you can sell it, I think beginners should try with a pattern that he understands.

[cozytrade]

I believe that one of the most important stages for a beginner is training. This is something that is really worth paying enough attention to. Without this, the result can be somewhat frustrating.

Yes I think so. If you are trying to learn something new then you need to focus well first. And if you can't focus well then it will take you a long time to learn that task and what you are not good at.  Can't gain experience. So I think we should always think carefully and then start any work with a decision.

[autumnleaf]

Do your own extensive research first, master the fundamentals, and start with a little amount to test your methods. Avoid mindlessly following others, and always trade only with money you can afford to lose because trading is a very dangerous gamble.

[monineklutak]

I believe that one of the most important stages for a beginner is training. This is something that is really worth paying enough attention to. Without this, the result can be somewhat frustrating.

Yes I think so. If you are trying to learn something new then you need to focus well first. And if you can't focus well then it will take you a long time to learn that task and what you are not good at.  Can't gain experience. So I think we should always think carefully and then start any work with a decision.

Right and I think in any case the focus is always an important thing to pay attention to,
sometimes people forget that and when we focus on learning something new it will at least make it easy for us to learn it,
Before making a decision, it is very important to consider it first.

[Popkon6]

You apply your basic ideas.  And master your assets and trade small amounts to trade them.  This will increase your experience and is a huge gamble with a high probability of loss.  You can survive by watching others make big trades and avoid them.  Whenever you go too greedy you will face danger in trading.
Must have an understanding of the advisory coin market.  The market always fluctuates.  Starting with small resources will definitely make you successful.  Taking a new trader to a gambling casino and starting trading as a newbie is the same.  Use your experience to be successful.

[xSkylarx]

I believe that one of the most important stages for a beginner is training. This is something that is really worth paying enough attention to. Without this, the result can be somewhat frustrating.

Yes I think so. If you are trying to learn something new then you need to focus well first. And if you can't focus well then it will take you a long time to learn that task and what you are not good at.  Can't gain experience. So I think we should always think carefully and then start any work with a decision.

That is why you need to settle your mind first and make your decision that you want to learn this so that while you are learning, reading, and watching tutorials, you can understand it easily. It is like reading a book that you don't want to read, so you can't understand what the story is. Training or practicing on a demo account is really essential in trading because it can help you tweak your strategy and determine if it is not working before losing money from your trades.

[RealMalatesta]

You apply your basic ideas.  And master your assets and trade small amounts to trade them.  This will increase your experience and is a huge gamble with a high probability of loss.  You can survive by watching others make big trades and avoid them.  Whenever you go too greedy you will face danger in trading.
Must have an understanding of the advisory coin market.  The market always fluctuates.  Starting with small resources will definitely make you successful.  Taking a new trader to a gambling casino and starting trading as a newbie is the same.  Use your experience to be successful.

Yeah, I just remembered one more thing to advice to newbies. Aside from all those "do not listen to influencers" basic stuff, do not try to do copy trading right away neither. I know that doing the exact trades of someone who has been making a profit in the crypto world for 10 years could sound like a good idea, but since you do not know what is good and what is not, I would highly suggest you to not do anything like that just yet, it should take a while before you could separate who is a good trade and who is not.

This is why it's a difficult way to make money, you would end up following someone who will make a lot of loss and it would not be a good idea at all.

[SOKO-DEKE]

Trading is always challenging, especially if you are just starting out. Due to a lack of trading understanding, over 70% of traders have been losing money. Therefore, before you even consider trading, I would advise you to gain more trading knowledge. If you don't, you risk losing everything.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Buying at low and selling at higher is what everyone is after in trading. But what will be your assurance that the coins you buy at low will pump later? And you want to be keeping repeating by taking your 10% profit.If trading is that easy most traders would be multimillions by now since when they have start their trading career. 

[LUCKMCFLY]

I'm sure the most important aspect for a beginner is learning. At the very least, I would advise you to pay maximum attention to this. When I started working with a broker from Amarkets, I worked on a demo account in order to have enough experience.

You already said it all,that learning is the first thing to do as a beginner,Reading,research,having a mentor is all that are needed before indulging in the trading activity.You must be able to learn how the market system operates,and how to deal with loses if it comes,because in trading,you cannot really be guaranteed that Everytime you go into trading, you will always win,you should know that there are risks involved in trading,so being able to deal with it is also important as a newbie going into trading.You should also be able to do some research before going into trading.Try to know the kind of trading that will favour you at that particular point in time.

What I think is that if you can do things like study, like reading books before operating, it is ideal, a very common mistake and that we all fall, I say it because and I also fell, it is that when you need to trade, you still go exchangey is not practiced with a fictitious account with fictitious money, generally one as a novice begins to trade with real money and one feels the emotion and the adrenaline, the bad thing is when you start to lose and see that the balance goes down and what is obtained are pure losses, worse still, that they do not know how to handle the tools that are available in the exchange, such as stop loss, take profit, if they have both functions, the margin trade, leverage us.

[zaki12]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

It's lucky that you trade like that, you always get profits under %15. But you need an edge to overcome the laws of probability and market uncertainty. That advantage comes from the flow of information, the ability to refine your habits in light of market characteristics, and being able to learn from people who know more than you, cut losses, expand your information network, seek ideas, and take recommendations. You can search for more

[martyns]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

It's lucky that you trade like that, you always get profits under %15. But you need an edge to overcome the laws of probability and market uncertainty. That advantage comes from the flow of information, the ability to refine your habits in light of market characteristics, and being able to learn from people who know more than you, cut losses, expand your information network, seek ideas, and take recommendations. You can search for more

Newbies are mostly victims to scams and desperate to know more, in the quest to get educated properly, they need guide in the market and following top influencers in the market that will be dropping crypto updates and letting them know when it's the right time to trade. Trading as a newbies required so many key steps before succeeding in the market. There are many ways to gain profits in the market, with the right trading tools, PDFs that explained entirely TA and FA, how to coach one to using them to analyze charts.

[WatChe]

Trading as a novice is pretty much making moves by chance and because you think it's going to happen for no reason, or because you think the move will somehow just because you think the pattern has to look like something, I think novice traders also believe In these things they can fall that only handling some things such as technical analysis with some tools can solve everything and it is not like that, coercing as a novice is like entering a casino to do gambling, because everything is left to chance and that means that you cannot even read the volume when it is so important in trading.

Every experienced trader was once a novice and you cant master this art of trading without making mistakes. To be a successful trader it mostly depends on how much you are determined in trading even after losing money (or making mistakes). So learn quickly with there mistakes while other took some time.
If you are new to trading then two things I suggest is that never jump with huge capital (invest as much as you can afford to lose) and secondly always think and make decisions on your own (not rely on others like Signalling group) in this way even if you make mistake you will learn something.

[xSkylarx]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

It's lucky that you trade like that, you always get profits under %15. But you need an edge to overcome the laws of probability and market uncertainty. That advantage comes from the flow of information, the ability to refine your habits in light of market characteristics, and being able to learn from people who know more than you, cut losses, expand your information network, seek ideas, and take recommendations. You can search for more

Newbies are mostly victims to scams and desperate to know more, in the quest to get educated properly, they need guide in the market and following top influencers in the market that will be dropping crypto updates and letting them know when it's the right time to trade. Trading as a newbies required so many key steps before succeeding in the market. There are many ways to gain profits in the market, with the right trading tools, PDFs that explained entirely TA and FA, how to coach one to using them to analyze charts.

Those newbies who got scammed are those newbies who want to earn profit easily and fast, not thinking that this could be the wrong move. There is nothing wrong with getting scammed; for sure, we will learn from our mistakes and avoid them next time, but our mindset is that we could get easy profit from it with no effort at all, which means that we settle on this and find it rewarding. Also, newbies right now tend to follow those influencers to buy the coin as they said, and it's because they are famous so we follow them and we end up losing.

[lixer]

Those newbies who got scammed are those newbies who want to earn profit easily and fast, not thinking that this could be the wrong move. There is nothing wrong with getting scammed; for sure, we will learn from our mistakes and avoid them next time, but our mindset is that we could get easy profit from it with no effort at all, which means that we settle on this and find it rewarding. Also, newbies right now tend to follow those influencers to buy the coin as they said, and it's because they are famous so we follow them and we end up losing.

It's impossible if they won't have a second thought whether the thing that they will venture is safe or not especially if someone promise them a crazy high return at a short period of time in exchange of a little money but it's also written on their rule that the more money you will put the more return you will get so those newbies will usually opt for this plan. There is wrong with getting scammed and that is someone might be greedy and has a lack of knowledge.

Don't say it's fine because they will just do it again and again. Following the influencers just because they are famous is a lame excuse. We should be aware that influencers are only like an endorser. They don't know what they are endorsing but they might lie and say that they are benefiting from it.

[xSkylarx]

It's impossible if they won't have a second thought whether the thing that they will venture is safe or not especially if someone promise them a crazy high return at a short period of time in exchange of a little money but it's also written on their rule that the more money you will put the more return you will get so those newbies will usually opt for this plan. There is wrong with getting scammed and that is someone might be greedy and has a lack of knowledge.

I am not sure if you got experienced this before but way back in 2016 when Ponzi schemes are all over the internet and as a newbie on bitcoin, the tutorials or guides are not that rampant so others get really baited to it and want to sort of test the waters of Ponzi scheme but turns out gets scammed. What I meant is that it is not the same right now that you will laugh at those people who still get into HYIP even though all over the internet is saying that it is a scam.

Don't say it's fine because they will just do it again and again. Following the influencers just because they are famous is a lame excuse. We should be aware that influencers are only like an endorser. They don't know what they are endorsing but they might lie and say that they are benefiting from it.

I haven't meant that it is fine to get scammed what I meant is this

There is nothing wrong with getting scammed; for sure, we will learn from our mistakes and avoid them next time.

meaning there are really times that we got scammed but we should be sure next time that we dont get into it again in the future as it is now our fault for playing dumb and again wants to invest in those high return scams

[Gladitorcomeback]

Individuals can make money though cryptocurrency trading if his thinking abilities are higher and also his learning abilities is elevated. I will suggest you that select that coin which is successful and has given profitable results to the holders.

The mechanism of earning money which you have described is good but remember that if the price goes slightly up then sell your holding coin because the market has no guarantee that when it becomes lower and when it will go up.

You can also diversify like through the selection of two or more coins and then wait for the price to go up now the market is slightly up so if you have hold any coin and think that you have some profit then just sell it out and buy another coin which is more likely to give you more revenue.

[Fondarchand]

Yes exactly at first the the trader are not comfortable because he does not have any experience and have little information about the coins, market condition, and many other things related to the trading and investment.
It's obvious that when a person does not know about anything then it is something hard to achieve the specific desired objective.
Also keep in mind that if you unfortunately loss your money then its not your failure but instead it will give you lesson and your experience will enhance. Little amount of cash should be used and and always keep your eyes on market price when it is reduce then put some little amount in some specific coin.

[Jackthelad]

You could literally try this by old fashioned paper trading.
Make a note of what price you would have bought say XRP at , when it's 10% down,  set alerts on Coinbase for the 10% rebound and record your results.
It may take a few days weeks or months

[alastantiger]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

I remember researching the market and my alternatives when I first chose to dabble in trading. I initially thought, I will figure it out, but I want to treat this seriously. Not just to make money, but to improve at it and perhaps assist someone later on when they have inquiries. I'm looking forward to the next bullrun because I'm purchasing as much as I can right now. The risks are higher, but they are manageable.

[AnonBitCoiner]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I will recommend you to first learn the basic concept and some tool before starting trading. Most of users using Charts for trading , if you learn chart reading then it will be better. You can loss as a newbie to trader  soTry to start with low amount and then When you have full experience then you can Start real earning.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

First of all we should know why one coin is down 15%. Maybe it touches ATH high and then it's down 15%. Another possible reason may be there are some bad News about this coin in the market. If you invest in this coin , it will never give you profit. Suppose Solona down 30% from now but taking entry at this point is still risky because in two week it did 3x. I will not recommend this

Anyone done something similar or will it just lead me to losing my money?

I will recommend to make daily trading on low Market cap coin. If you find some these coins in BTC pair then it will be better. Choose those coins where you find high volatility in 24 hours. Now main thing to know is the ATH and all time low of this coin in one week. Now wait for token to down to lowest range and then sell below high range. My friend making huge money by just using this sample method.
Note: Risk is also involved because some time these coins delisted from exchange or market dump hard .

[martyns]

Trading can somehow seem so complicated to newbies and it takes frequent research and calculation to be able to trade successfully as a newbie.Newbies who have not had experience of trading before needs to have a mentor,who will teach him how to trade because the business of trading is a risky one,and one must be determined and have a strong mindset before venturing into the game.
The game of trading is one that requires a strong mind because it's involves risk,it is a two way thing,either loosing or winning,but good strategy will make you win.

[Obari]

It seems @OP is looking seriously for a pump and dump project and you should know that it is very much risk to invest in altcoins and hope you're ready for whatever consequences it brings before you.
I will advice you rather invest in Bitcoin for a long time(not a financial advice and you should do your research please)
As Bitcoin has proven to be the hope of the common man.
And if you must going into day trading then I will also advice that you go learn the necessary rudiments and bet yourself fully equipped with the basic trading knowledge.

[btc78]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

of course this is fine, but how long is your tolerance ? I mean how long you can carry the dumping or losing once it crosses your investments?
if you have been seeing this market for a time now then you knew that things might come worst in the coming days after we bought them.

and also we knew that buying Low selling High is the perfect strategy but how deep you can keep? that is the question you must answer first.

[Fivestar4everMVP]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

By now, I believe you must have gotten all the information and guide you need to kick start your trading business, but to add to what I believe some other persons much have said.
As you newbie, don't be in a haste to start making money through trading, it takes time, there are many things you will have to learn, and you need time, if you are considering trading as a way for you to become rich over night, you will end up being frustrated and would at some point give up.
So if you want to succeed in trading, be patient and give yourself time, and also be consistent, do good research on every coin you want to buy and make sure your are only buying quality coins with good usecase, don't go buying dead coins with dead community, you will just end up making losses.

[Elderyoung]

If you want to gain money rather than lose it, day trading requires ability. If you're new to day trading, you have a lot to learn.

[dg2010]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

of course this is fine, but how long is your tolerance ? I mean how long you can carry the dumping or losing once it crosses your investments?
if you have been seeing this market for a time now then you knew that things might come worst in the coming days after we bought them.

and also we knew that buying Low selling High is the perfect strategy but how deep you can keep? that is the question you must answer first.

It's true, holding on during a dump or losing streak can be tough, but it all comes down to how much you're willing to tolerate. Are you prepared to ride out the ups and downs, or will the volatility make you anxious? Only you can answer that.

One thing to keep in mind is that buying low and selling high is the goal, but there are no guarantees in the market. You have to be comfortable with the fact that there's always a risk involved. That being said, if you do your research and invest in solid projects, the chances of losing are much lower. Just remember to have a clear understanding of your own tolerance and be prepared for the possibility of losses.

It seems @OP is looking seriously for a pump and dump project and you should know that it is very much risk to invest in altcoins and hope you're ready for whatever consequences it brings before you.
I will advice you rather invest in Bitcoin for a long time(not a financial advice and you should do your research please)
As Bitcoin has proven to be the hope of the common man.
And if you must going into day trading then I will also advice that you go learn the necessary rudiments and bet yourself fully equipped with the basic trading knowledge.

Unfortunately, negative perceptions of the crypto industry are still out there and we just can't change everyone's perspective overnight. For those who aren't particularly interested in crypto, it might be best for them to steer clear of this technology given its volatility and inherent risk. If they do choose to invest in Bitcoin or any other cryptocurrency, they're likely to experience temporary losses, especially during bearish markets. But on the bright side, the negative image of crypto keeps people grounded and aware of the potential risks. It's important to approach crypto with caution, but that's true for any investment.

[moderator's note: consecutive posts merged]

[mvdheuvel1983]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Trading cryptocurrency can make you a millionaire in a minute or make you the poorest person on the surface of the earth. As a newbie, you are sure going to making loses therefore, you have to brace up for it.
As a newbie you should first make you up mind to sit down and study after you have decided whether you want to be a long-term trader or a short-term trader. Short-term traders trade more actively for a short period of time than the longer-term traders.
As a newbie be willing to learn about risk management because itself is risky and you must learn effective strategies to manage trading risks. You should also be keen on learning how to place trades and read charts.
Another of your focus should look towards what trading platform is best for you. If you can know all these, you are off to a great start.

[Pamadar]

It seems @OP is looking seriously for a pump and dump project and you should know that it is very much risk to invest in altcoins and hope you're ready for whatever consequences it brings before you.
I will advice you rather invest in Bitcoin for a long time(not a financial advice and you should do your research please)
As Bitcoin has proven to be the hope of the common man.
And if you must going into day trading then I will also advice that you go learn the necessary rudiments and bet yourself fully equipped with the basic trading knowledge.

Unfortunately, negative perceptions of the crypto industry are still out there and we just can't change everyone's perspective overnight. For those who aren't particularly interested in crypto, it might be best for them to steer clear of this technology given its volatility and inherent risk. If they do choose to invest in Bitcoin or any other cryptocurrency, they're likely to experience temporary losses, especially during bearish markets. But on the bright side, the negative image of crypto keeps people grounded and aware of the potential risks. It's important to approach crypto with caution, but that's true for any investment.

I see that point, with ngative impressions people who are planning to start working with crypto will be aware of the possible risk, they will add good protection by learning all the possible factors that may affect the market.

Better to have that impression to be open minded and not just easily be convinced of wrong ideas
with quick benefits and easy access to earn money.

[kotajikikox]

It seems @OP is looking seriously for a pump and dump project and you should know that it is very much risk to invest in altcoins and hope you're ready for whatever consequences it brings before you.

personally ? I don't think that he is looking for pump and dump coin instead he is looking for Buying in cheap price and selling when it grows back, meaning he wanted to take the advantage of lowering project and then selling them back to circulation.

I will advice you rather invest in Bitcoin for a long time(not a financial advice and you should do your research please)
As Bitcoin has proven to be the hope of the common man.
And if you must going into day trading then I will also advice that you go learn the necessary rudiments and bet yourself fully equipped with the basic trading knowledge.

this is a good advise mate but trust me in our market now? even Bitcoin cannot be a solo investments instead better to buy with other altcoins for security and other chance of earning.

[jeraldskie11]

Trading can somehow seem so complicated to newbies and it takes frequent research and calculation to be able to trade successfully as a newbie.Newbies who have not had experience of trading before needs to have a mentor,who will teach him how to trade because the business of trading is a risky one,and one must be determined and have a strong mindset before venturing into the game.
The game of trading is one that requires a strong mind because it's involves risk,it is a two way thing,either loosing or winning,but good strategy will make you win.

Trading is not for everyone and trading is not easy that's why newbie is very complicated for trading. Mostly, newbie's mindset is that trading can make them rich quicker, they're not aware of it's risk. That's why they end up of losing money until they understand that trading is not easy, need a lot of patience, and discipline. They can also learn from their mistakes by backtesting it. In order to avoid this kind of stuff, we have to get advice from successful traders, or joining a mentorship so that you will be guided in your journey. For me, joining a mentorship is not mandatory but it's necessary. You really have to invest in knowledge in trading in order to be successful, because if I only have mentor in the first place, I would not experience liquidations of my margin.

[virasog]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

I don't think this may work as sometimes the coin do not pump again to 10% if the market is down. Also, without using stoploss, you will be holding the bags of altcoins.

But I wanted to ask one question, since you have zero experience, why you want to jump in trades thinking you can make money.

Remember if you do not know how to drive a car and you start your driving on the highway on your very first day? What will be the result?
Similarly, if you jump in financial markets, you will lose your capital and nothing else.

[Sebas.tian]

Trading crypto is a good idea but you need to have the knowledge of trading before you can join as a newbie, so that you will not loose your capital at the end of the market. As a newbie, invest what you can afford to lose because crypto market is unpredictable to both buyers and sellers, which newbies need to carry out their personal research before trading at the moment. Buy coins when the price is low, which is the best time for traders who want to make a huge amount of money used to buy and hold to wait for the price to increase higher before they can sell to smile with their incomes.

[Hypnosis00]

Trading is quite too risky for newbies but we never make this the hindrance to trying and learning. Of course, it was not easy as most think about it and losses are very likely to happen. No pain, No gain - that is exactly what we need to fail and commit mistakes just to know what we needed and to learn from those mistakes. if we are afraid to try, then we never expect to learn to trade as well because the truth is that we all started from being a newbie, with no experience, and less knowledge. But if we carry courage in ourselves so becoming a successful trader is not impossible.

[Bitcoin_people]

New investors in cryptocurrency have no idea about trends.  I am also a newbie so I can't give such good knowledge. But I can say this much that to invest he must know the market well. When the market increases and when it decreases, you have to invest keeping in mind that it is possible to make a profit by investing. Investing without understanding otherwise definitely has the potential to incur huge losses and the chances of losing money are high.

[Pamadar]

Trading is quite too risky for newbies but we never make this the hindrance to trying and learning. Of course, it was not easy as most think about it and losses are very likely to happen. No pain, No gain - that is exactly what we need to fail and commit mistakes just to know what we needed and to learn from those mistakes. if we are afraid to try, then we never expect to learn to trade as well because the truth is that we all started from being a newbie, with no experience, and less knowledge. But if we carry courage in ourselves so becoming a successful trader is not impossible.

Yeah right, if you really wanted to learn, you will exceed to your limits in trying everything to succeed with your intentions
people who have this kind of mentality have a better chance in succeeding with trading.

No pain, no gain somthing that you should think about and practice, losses might be a part of this
business but you should understandthe big potential if you already master the process.

most of the time, successful traders comes from those who really losses a lot before they manage
to established themselves and become a good trader.

[nurilham]

New investors in cryptocurrency have no idea about trends.  I am also a newbie so I can't give such good knowledge. But I can say this much that to invest he must know the market well. When the market increases and when it decreases, you have to invest keeping in mind that it is possible to make a profit by investing. Investing without understanding otherwise definitely has the potential to incur huge losses and the chances of losing money are high.

Of course, each investor must have a good understanding, so they can invest properly. It is no problem if you are a newbie, it is okay as long as you want to learn deeply and seriously about crypto investment/trading. Make sure you know well about the market trend and the characteristic of the coins you buy, then you will do it properly. Anyway, don't buy at any time, choose the best time to buy. If it looks like a pump, just stop to buy. Wait and see first, just buy when the prices drop.

[TimeTeller]

Trading is quite too risky for newbies but we never make this the hindrance to trying and learning. Of course, it was not easy as most think about it and losses are very likely to happen. No pain, No gain - that is exactly what we need to fail and commit mistakes just to know what we needed and to learn from those mistakes. if we are afraid to try, then we never expect to learn to trade as well because the truth is that we all started from being a newbie, with no experience, and less knowledge. But if we carry courage in ourselves so becoming a successful trader is not impossible.

Yeah right, if you really wanted to learn, you will exceed to your limits in trying everything to succeed with your intentions
people who have this kind of mentality have a better chance in succeeding with trading.

No pain, no gain somthing that you should think about and practice, losses might be a part of this
business but you should understandthe big potential if you already master the process.

most of the time, successful traders comes from those who really losses a lot before they manage
to established themselves and become a good trader.

But if you only have small bankroll, use small amount of money while you are learning the process.
You can only learn such strategies if you will experience it on your own.
That is true, you will incur losses but should not give up as you won't see your success if you will give up early.
High likely these successful traders have been doing this activity for years before they can say to themselves that they already mastered this task.

[bitterguy28]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

consider this with option mate ,trust me it is not that easy.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

pump and dump? mate this is a hard choice , why not buy and keep? I mean for at least even a year of waiting?
there is no instant here.

Anyone done something similar or will it just lead me to losing my money?

I tried this couple of times, but regret why I do that instead of buying and holding.

If you want to gain money rather than lose it, day trading requires ability. If you're new to day trading, you have a lot to learn.

so what have you bring to answer the whole thread than just the title?what is in day trading that he must learn then? Risk Management? using Bot for stop loss? before bringing post in a question better to have your own advise for them to learn and at least consider following .
for newbies , best to use free tools first before depositing and risk your own money.many exchange now that giving this opportunity to learn and understand trading.

all of what you said is important in my own views for trading .

[Rigon]

But if you only have small bankroll, use small amount of money while you are learning the process.

Yes I agree with your opinion. Whenever newbies come to a trading platform I think they should come to trading with a small balance. Newbies are most likely to lose their balance while learning to trade. That's why they should come to trading with a small amount of balance while learning.

That is true, you will incur losses but should not give up as you won't see your success if you will give up early.

Of course you will face losses in trading. You can never give up on seeing this loss. Remember that the market fluctuates all the time and you must take risks and hold on to those trades. Only then can success be found in the trading platform.

[MusaPk]

But if you only have small bankroll, use small amount of money while you are learning the process.
You can only learn such strategies if you will experience it on your own.
That is true, you will incur losses but should not give up as you won't see your success if you will give up early.
High likely these successful traders have been doing this activity for years before they can say to themselves that they already mastered this task.

There are ways to learn trading even if you have few or little money like doing 'Paper Trading' to avoid risking your money. In trading you earn big and also you lose big, so one must be ready for loses also. Every successful trader today has faced loses in his journey. The best learning is when you start trading with your own money and make decision on your own. There is no master guide in the market that guides you how to become a successful trader. This is something we have to learn on our own.

[martyns]

But if you only have small bankroll, use small amount of money while you are learning the process.
You can only learn such strategies if you will experience it on your own.
That is true, you will incur losses but should not give up as you won't see your success if you will give up early.
High likely these successful traders have been doing this activity for years before they can say to themselves that they already mastered this task.

There are ways to learn trading even if you have few or little money like doing 'Paper Trading' to avoid risking your money. In trading you earn big and also you lose big, so one must be ready for loses also. Every successful trader today has faced loses in his journey. The best learning is when you start trading with your own money and make decision on your own. There is no master guide in the market that guides you how to become a successful trader. This is something we have to learn on our own.

Everyone who is now an experienced trader today started with small money,and they never knew they were going to be big someday,but through constant trading,they have been able to get to the height they are now.Trading is not something you rush into,because it is a very risky game,a game that has to deal with the heart and emotions.Every trader who might claim to have succeeded in trading today,might have passed through so many difficulties,which if they don't tell you you won't. Know,but through developing of new strategies and tactics,one will get through it,and certainly become successful.

[Reatim]

If you want to gain money rather than lose it, day trading requires ability. If you're new to day trading, you have a lot to learn.

so what have you bring to answer the whole thread than just the title?what is in day trading that he must learn then? Risk Management? using Bot for stop loss? before bringing post in a question better to have your own advise for them to learn and at least consider following .


for newbies , best to use free tools first before depositing and risk your own money. many exchange now that giving this opportunity to learn and understand trading.

New investors in cryptocurrency have no idea about trends.  I am also a newbie so I can't give such good knowledge.

wrong , before you called yourself as investor then you must ready and knowledgeable about the market because you are only feeding the whales if that is your attitude.

[Xampeuu]

But if you only have small bankroll, use small amount of money while you are learning the process.
You can only learn such strategies if you will experience it on your own.
That is true, you will incur losses but should not give up as you won't see your success if you will give up early.
High likely these successful traders have been doing this activity for years before they can say to themselves that they already mastered this task.

There are ways to learn trading even if you have few or little money like doing 'Paper Trading' to avoid risking your money. In trading you earn big and also you lose big, so one must be ready for loses also. Every successful trader today has faced loses in his journey. The best learning is when you start trading with your own money and make decision on your own. There is no master guide in the market that guides you how to become a successful trader. This is something we have to learn on our own.

Everyone who is now an experienced trader today started with small money,and they never knew they were going to be big someday,but through constant trading,they have been able to get to the height they are now.Trading is not something you rush into,because it is a very risky game,a game that has to deal with the heart and emotions.Every trader who might claim to have succeeded in trading today,might have passed through so many difficulties,which if they don't tell you you won't. Know,but through developing of new strategies and tactics,one will get through it,and certainly become successful.

by compounding, trading with small capital can become big because of patience and thoroughness. most beginners can't wait to get big trading results, so they trade emotionally, without realistic thinking about the market, greed is still firmly attached to them, so they must be released slowly. therefore, as a beginner trader, you must be able to enjoy every process in making transactions and continue to correct every action so that it can be evaluated

[btc78]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

yes and I tolerate the idea because of my willingness to risk and earn mate and also I knew that volatility keeps affecting my funds value so I am already aware of those in which won't make me sell in dump.



buying low selling high is indeed the best strategy but the only thing that matter is how long we can keep and how much we can afford to sell.

[death69]

~

by compounding, trading with small capital can become big because of patience and thoroughness. most beginners can't wait to get big trading results, so they trade emotionally, without realistic thinking about the market, greed is still firmly attached to them, so they must be released slowly. therefore, as a beginner trader, you must be able to enjoy every process in making transactions and continue to correct every action so that it can be evaluated

As a pro trader, I totally agrees that compounding with smal capital is a dope approach to build a solid foundation for a successful trading career. Impatience and emotions are the two main culprit that cause most beginner to fail. Trading is a long-term game that require discipline, patience, and the ability to control emotion. I always advise new traders to start smal and trade with a strategy that suits their risk apetite. Over time, they can improve their skills and increase their capital through consistant profit. By learning to enjoy the trading process, one can avoid getting caught up in the emotional rollercoaster of wins and loses. Its crucial to continuously evaluate and learn from each trade to level up their trading game. I believe that with time, consistancy, and patience, anyone can become a succesful trader with smal capital, and that's a fact!

[Pamadar]

But if you only have small bankroll, use small amount of money while you are learning the process.
You can only learn such strategies if you will experience it on your own.
That is true, you will incur losses but should not give up as you won't see your success if you will give up early.
High likely these successful traders have been doing this activity for years before they can say to themselves that they already mastered this task.

There are ways to learn trading even if you have few or little money like doing 'Paper Trading' to avoid risking your money. In trading you earn big and also you lose big, so one must be ready for loses also. Every successful trader today has faced loses in his journey. The best learning is when you start trading with your own money and make decision on your own. There is no master guide in the market that guides you how to become a successful trader. This is something we have to learn on our own.

Everyone who is now an experienced trader today started with small money,and they never knew they were going to be big someday,but through constant trading,they have been able to get to the height they are now.Trading is not something you rush into,because it is a very risky game,a game that has to deal with the heart and emotions.Every trader who might claim to have succeeded in trading today,might have passed through so many difficulties,which if they don't tell you you won't. Know,but through developing of new strategies and tactics,one will get through it,and certainly become successful.

by compounding, trading with small capital can become big because of patience and thoroughness. most beginners can't wait to get big trading results, so they trade emotionally, without realistic thinking about the market, greed is still firmly attached to them, so they must be released slowly. therefore, as a beginner trader, you must be able to enjoy every process in making transactions and continue to correct every action so that it can be evaluated

I like that idea. You should be willing to adjust to how you will be able to adopt the process, in every trading that you participate
it is important to learn from time to time.

Don't think about the quick process. It will risk your investment, better to undergo with everything
that you needed to learn and it will allow you to excel when you already have the deeper idea
with how the business works.

[MidnightWolf]

I think that for a beginner, there should be a mentor who will help you gain experience in trading.  Or you can use a good trading bot that will allow you to make the right decisions.  I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.

[whyrqa-1]

I think that for a beginner, there should be a mentor who will help you gain experience in trading.  Or you can use a good trading bot that will allow you to make the right decisions.  I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.

To work with bots, you probably need to have a strong understanding of trading.  Do I need to know how to program to set up a bot?

[PancherSh]

I think that for a beginner, there should be a mentor who will help you gain experience in trading.  Or you can use a good trading bot that will allow you to make the right decisions.  I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.

To work with bots, you probably need to have a strong understanding of trading.  Do I need to know how to program to set up a bot?

as far as I know, most bots are created using specific tools.  If the trader is experienced, he will deal with this very quickly.  and for beginners special constructor.

[wahyuagung26]

Anyone done something similar or will it just lead me to losing my money?

I don't think this kind of work will always be profitable, and it depends on the quality of the coin you choose as well as the promise of the developer team of a project you will choose, indeed this is a good job to serve as a sideline, but I think this has risks, between these advantages and disadvantages there is not much difference, I think you have to choose the right choice to avoid losses and lose your money, which we hope not to lose from everything you use in this work.

[Inwestour]

As a pro trader, I totally agrees that compounding with smal capital is a dope approach to build a solid foundation for a successful trading career. Impatience and emotions are the two main culprit that cause most beginner to fail. Trading is a long-term game that require discipline, patience, and the ability to control emotion. I always advise new traders to start smal and trade with a strategy that suits their risk apetite. Over time, they can improve their skills and increase their capital through consistant profit. By learning to enjoy the trading process, one can avoid getting caught up in the emotional rollercoaster of wins and loses. Its crucial to continuously evaluate and learn from each trade to level up their trading game. I believe that with time, consistancy, and patience, anyone can become a succesful trader with smal capital, and that's a fact!

Are you saying that trading can bring a stable income? Do you manage to make a profit every week, or every month, or does it work in some other way?

I can say that I am a beginner in trading, I am just taking my first steps, but I already see that it will not be easy to get a stable profit in trading. You can buy a coin and it will be in a flat for a long time, or its price may fall and the deal will turn out to be long-term and we will receive profit only in a few months, or even longer.

I agree that discipline will help you get better results in trading, it kind of intersects with investing, but if the trades are long-term, they will not be much different from investing, right?

[jossiel]

To work with bots, you probably need to have a strong understanding of trading.  Do I need to know how to program to set up a bot?

as far as I know, most bots are created using specific tools.  If the trader is experienced, he will deal with this very quickly.  and for beginners special constructor.

Trading bots are specified for their usage. But it doesn't mean you've got the best advantage that you can get from it.

It's okay for a newbie to use trading bots and you guys will learn it along your ways as you experience losing and winning with your trades. But it's always best to go with the traditional way of learning in trading.

As first, it may be too hard but it's true that once you gain experience, whether you're with a bot or none, you'll be doing it easily but doesn't mean it's always profitable.

[nurilham]

I think that for a beginner, there should be a mentor who will help you gain experience in trading.  Or you can use a good trading bot that will allow you to make the right decisions.  I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.

Having a mentor is good but it is not a must. Not every experienced trader started their trading with a mentor, some can succeed by learning themselves. I myself never have had a mentor, I learned it by self-taught. There are many sources that we can learn trading, both articles and youtube videos.

Bot trading is optional, I never used it. The best way is to use our own skills to determine everything in trading. Don't depend on the bots!

[AnonBitCoiner]

As newbies faces more risky conditions so I think that how a person will know that is 15 percent low in my opinion I just think that there is no guarantee that will the choose coin goes 10 percent or will down. So always make decision after sharing and getting your ideas through conversation,  through participation in different trading groups and also through reading information.

You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.

 Sometimes it also happens that person just see the down price but does not think properly and estimated that now its low so it will boost up in future but unfortunately it does not happen because the market is unpredictable no one knows that whether the down Coin will elevated or become more in dip.

[Ziskinberg]

You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.
 

Choosing them is just one factor but the most important is how to manage our trade so well. Because it was useless to have them ( potential coins) if we are too emotional and if we don't have the knowledge and skill to work with it. It is necessary to note that trading is not an easy job for newbies and therefore, they need to take it seriously and give focus working on it otherwise, they will just fail and lose. A reason why newbies must endure their time on learning rather than aiming too high.

[Pamadar]

You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.
 

Choosing them is just one factor but the most important is how to manage our trade so well. Because it was useless to have them ( potential coins) if we are too emotional and if we don't have the knowledge and skill to work with it. It is necessary to note that trading is not an easy job for newbies and therefore, they need to take it seriously and give focus working on it otherwise, they will just fail and lose. A reason why newbies must endure their time on learning rather than aiming too high.

Taking it seriously will add up knowledge in every outcome that they've got from their trading participations. Looking at the point that trading is a business, and it involves hard earned money that we will going to use.

It might take time, but if a trader is really aiming to learn to find all the best practices will be his
goal to achieve to help him to succeed in this business.

[LUCKMCFLY]

As newbies faces more risky conditions so I think that how a person will know that is 15 percent low in my opinion I just think that there is no guarantee that will the choose coin goes 10 percent or will down. So always make decision after sharing and getting your ideas through conversation,  through participation in different trading groups and also through reading information.

You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.

 Sometimes it also happens that person just see the down price but does not think properly and estimated that now its low so it will boost up in future but unfortunately it does not happen because the market is unpredictable no one knows that whether the down Coin will elevated or become more in dip.

Personally, trading as a newbie with no knowledge some do, but I wouldn't do it in Crypto due to the high volatility. I think I would go to a market like forex, because they have a consolidated volume, since as I have said on a few occasions, in an unconsolidated volume it is almost like doing or going to a casino and playing, because it is like guessing, in trading you don't you can leave things to chance, and in trading you can't leave everything to chance, because it would be irresponsible, trading is more focused on people who know what to do, it's a bit complicated, sometimes you can have the best analysis of everything, but it can be quickly invalidated on grounds that you had not considered.

[Bitcoin_people]

I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.

[Wolfwar]

I think that for a beginner, there should be a mentor who will help you gain experience in trading.  Or you can use a good trading bot that will allow you to make the right decisions.  I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.

Having a mentor is good but it is not a must. Not every experienced trader started their trading with a mentor, some can succeed by learning themselves. I myself never have had a mentor, I learned it by self-taught. There are many sources that we can learn trading, both articles and youtube videos.

Bot trading is optional, I never used it. The best way is to use our own skills to determine everything in trading. Don't depend on the bots!

I looked everywhere for information on how to learn how to trade correctly and I was told everywhere that the key to success is stored primarily in the knowledge of technical and fundamental analysis.  It is believed that a computer is smarter than a person.  To what extent do you think the opportunity will be able to realize the idea of ​​​​generating income with the help of the program and controlling it at its own discretion?

[Cantsay]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

If you do something like this without having proper knowledge of how the market works and also how to know if a coin or a project has potentials or not then the probability of you investing in a project that will never get to go back to its all time high price is just so high, like really really high. For me I'll advice that you take some trading lessons and then try using little amount that you know you won't mind losing to practice I'm sure after like about a month time you should have gotten enough experience to start realising some profits.
That's just the best bet for me rather than look for some shortcut on how to accumulate profits just go through the learning process and when you're done with that you can then start the earning. Most times both can take place at the same time.

[GeorgeJohn]

I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.

Your right, while some people do lose in cryptocurrency investment is due to lack of investigation and research, like some people likely invest in a coin that doesn't have potential, a good investors will scrutinized a coin very well before it will directly go into investment, many altcoins today have made so many people to lose their capitals due to wrong investing on a coin that doesn't have potential, and secondly do not rush to invest in a coin with a proper research of the coin, some people invest in coin Because of promoters are making emphasis of such particular coin, so do not be deserved on investment of cryptocurrency.

[Mahanton]

I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.

Your right, while some people do lose in cryptocurrency investment is due to lack of investigation and research, like some people likely invest in a coin that doesn't have potential, a good investors will scrutinized a coin very well before it will directly go into investment, many altcoins today have made so many people to lose their capitals due to wrong investing on a coin that doesn't have potential, and secondly do not rush to invest in a coin with a proper research of the coin, some people invest in coin Because of promoters are making emphasis of such particular coin, so do not be deserved on investment of cryptocurrency.

Losing is inevitable it is really just you should really know on how to manage risk because it is really still that good that even if you do have losses which is inevitable but still ending up on being profitable on overall trade then this is what mattering the most.People should target out on being positive although it would be hard but its not something impossible that you couldnt really reach out.It is really just we do really need to have that
good preparation and risk management.Trading isnt something simple and we all do really passed up on being a newbie but overtime on the time you do get sufficient experience then you would
really be able to handle up yourself into this very unpredictable market.

[GeorgeJohn]

Losing is inevitable it is really just you should really know on how to manage risk because it is really still that good that even if you do have losses which is inevitable but still ending up on being profitable on overall trade then this is what mattering the most.People should target out on being positive although it would be hard but its not something impossible that you couldnt really reach out.It is really just we do really need to have that
good preparation and risk management.Trading isnt something simple and we all do really passed up on being a newbie but overtime on the time you do get sufficient experience then you would
really be able to handle up yourself into this very unpredictable market.

I know that losing is inevitable but many people contribute for their Lost, so i believe that when someone scrutinized the market very well the rate of your lost will not be huge, so it's obvious that some people are not good trader but they jumped into trading without knowing the rudiments of trading, so their is every tendency that they will experience the negativities of the market, while those who have the knowledge of trading knows the ways to escape the lose of the market after making their research.

[Gerandott]

I think day trading is always very hard to earn hustle. You always win more if you invest and hodl. Of course, you can win much in a day when you trade but you will lose more the next day. I tried CDF trading and it was really stressful for me. Overall, CFD trading can be a high-risk, high-reward activity that requires a lot of knowledge and skill to be successful. As with any type of trading or investment, it's important to do your research, understand the risks involved, and seek professional advice if needed. You can learn more about CFD trading if you are sure that you can control your emotions.

[letteredhub]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Stop daydreaming and wake up mate, this your theory or perspective of trading is one that's clearly unrealistic and which could lead to unbelievable losses, in that, not because an altcoin falls down then it's assures a pumping for most altcoins that have fallen fall to diminishing end eventually disappearing. So be careful of what you do.

[JamesDaniel90]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Stop daydreaming and wake up mate, this your theory or perspective of trading is one that's clearly unrealistic and which could lead to unbelievable losses, in that, not because an altcoin falls down then it's assures a pumping for most altcoins that have fallen fall to diminishing end eventually disappearing. So be careful of what you do.

It worked for a while and I made 300% profit.

I have stopped trading now but may get back into it again soon.

[PancherSh]

I think day trading is always very hard to earn hustle. You always win more if you invest and hodl. Of course, you can win much in a day when you trade but you will lose more the next day.

if you choose the right trading pair, with set volatility, then with the help of ETS, for example, on Binance, you can safely apply scalping and not much, but constantly make a profit.

[Rockstarguy]

I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.

The principal thing one needs to have ìn trading ìs understanding . It important beginners needs to learn and understand before putting their money into trading,  because trading is not something that is done with a guess work. Beginners have to learn and understand good trading strategies that will be profitable.

Bitcoin is always the best for trading and as for Beginners it is good to trade with Bitcoin because it is the most reliable to trade with. Trading with altcoin is too risky for traders, anything can happen at anytime.

[Awaklara]

Bitcoin is always the best for trading and as for Beginners it is good to trade with Bitcoin because it is the most reliable to trade with. Trading with altcoin is too risky for traders, anything can happen at anytime.

although Bitcoin trading is better for beginners, it is more advisable to start with a long term investment first. although I also believe beginners will not be strong enough in long term investment planning.
many of the newbies think of crypto trading as giving short profits. they don't know that they are also at greater risk when they have such thoughts.
I hope there will be more beginners who think about experience first than thinking about profits in a short time.

[Jody.Drummer]

Bitcoin is always the best for trading and as for Beginners it is good to trade with Bitcoin because it is the most reliable to trade with. Trading with altcoin is too risky for traders, anything can happen at anytime.

although Bitcoin trading is better for beginners, it is more advisable to start with a long term investment first. although I also believe beginners will not be strong enough in long term investment planning.
many of the newbies think of crypto trading as giving short profits. they don't know that they are also at greater risk when they have such thoughts.
I hope there will be more beginners who think about experience first than thinking about profits in a short time.

True, it is better to make long-term investments for beginners than to jump right into trading. Long term investments are less risky, especially if they are bitcoins. Instead trading has a very big risk, we are at risk of losing money in a very short time. Most beginners do have the wrong thinking, yes they think trading gives them profits in a short time without risk, that's what makes many of them beginners have bad experiences. However, they must study and have thorough knowledge before actually starting the entry.

[nurilham]

True, it is better to make long-term investments for beginners than to jump right into trading. Long term investments are less risky, especially if they are bitcoins. Instead trading has a very big risk, we are at risk of losing money in a very short time. Most beginners do have the wrong thinking, yes they think trading gives them profits in a short time without risk, that's what makes many of them beginners have bad experiences. However, they must study and have thorough knowledge before actually starting the entry.

I think long-term investment has the same risk as trading, both are high risk if we have no sufficient knowledge. I even think that day trading with a scalping method is more secure than a long-term investment. However, 'sufficient knowledge' is the key, never choose an investment or trading if we don't learn deeply about them. A beginner is better to focus on learning first whether about investment or trading. Don't hurry to choose BTC investment or trading crypto coins, choose them after learning them seriously!!

[Jody.Drummer]

True, it is better to make long-term investments for beginners than to jump right into trading. Long term investments are less risky, especially if they are bitcoins. Instead trading has a very big risk, we are at risk of losing money in a very short time. Most beginners do have the wrong thinking, yes they think trading gives them profits in a short time without risk, that's what makes many of them beginners have bad experiences. However, they must study and have thorough knowledge before actually starting the entry.

I think long-term investment has the same risk as trading, both are high risk if we have no sufficient knowledge. I even think that day trading with a scalping method is more secure than a long-term investment. However, 'sufficient knowledge' is the key, never choose an investment or trading if we don't learn deeply about them. A beginner is better to focus on learning first whether about investment or trading. Don't hurry to choose BTC investment or trading crypto coins, choose them after learning them seriously!!

Conditions for bitcoin at least it's better if investment. Day trading? Scalping? Precisely this should be avoided by beginners. They have no basis or insufficient knowledge in terms of how they deal with scalping. this even though it provides a more intimate experience it becomes like suicide for them.
At least when investing in bitcoin for the long term from now on they can still be comfortable while learning further than having to jump in with day trading which clearly requires much greater experience.

[Tespata]

This is the case with most traders If I buy a token and hold it for a long time, but no profit comes, when I lose patience and sell the token and buy another token, it is seen that the one I sold is pumped.Otherwise I dump whatever token I buy and get los I thought why this happens only to me but I found out that almost the same thing happens to most traders I buy tokens that dump a lot so that I can get back to the previous position and get a lot of profit but most of the time that token doesn't pump anymore thus I lost a lot of my investment I can not understand what should be done.

[Pamadar]

True, it is better to make long-term investments for beginners than to jump right into trading. Long term investments are less risky, especially if they are bitcoins. Instead trading has a very big risk, we are at risk of losing money in a very short time. Most beginners do have the wrong thinking, yes they think trading gives them profits in a short time without risk, that's what makes many of them beginners have bad experiences. However, they must study and have thorough knowledge before actually starting the entry.

I think long-term investment has the same risk as trading, both are high risk if we have no sufficient knowledge. I even think that day trading with a scalping method is more secure than a long-term investment. However, 'sufficient knowledge' is the key, never choose an investment or trading if we don't learn deeply about them. A beginner is better to focus on learning first whether about investment or trading. Don't hurry to choose BTC investment or trading crypto coins, choose them after learning them seriously!!

Conditions for bitcoin at least it's better if investment. Day trading? Scalping? Precisely this should be avoided by beginners. They have no basis or insufficient knowledge in terms of how they deal with scalping. this even though it provides a more intimate experience it becomes like suicide for them.
At least when investing in bitcoin for the long term from now on they can still be comfortable while learning further than having to jump in with day trading which clearly requires much greater experience.

The choice is for them to decide, but I like to follow your argument with scalping and day trading, newbies needs to learn the deeper side of this market before they perform or execute this kind of trading practice.

Without the knowledge that they need, the chance of failing and losing their investment is what they might
suffer along the way. It's your knowledge and understanding that will let you proceed and make some
decent profits from this business.

[peter0425]

...I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating...

Such a strategy will not always be profitable, since many coins, after their price has decreased by 15%, contrary to your expectations, continue to decline. In this case, you should have a backup plan, which may be to use a stop loss to limit your losses.

No back up plan - I am just trading altcoins I believe will be here till the next bull run at least.

If it gets to a point where we experience a crash and I buy in at a price we don't see again for another month or so then I will just hold.

You are looking for too much advantage mate and it is not that easy lol. As if this market is just an easy step to be millionaire.
But sorry but it is not your way here.
Better to understand it hard and then decide where and when and which to buy.

[Jody.Drummer]

I think long-term investment has the same risk as trading, both are high risk if we have no sufficient knowledge. I even think that day trading with a scalping method is more secure than a long-term investment. However, 'sufficient knowledge' is the key, never choose an investment or trading if we don't learn deeply about them. A beginner is better to focus on learning first whether about investment or trading. Don't hurry to choose BTC investment or trading crypto coins, choose them after learning them seriously!!

Conditions for bitcoin at least it's better if investment. Day trading? Scalping? Precisely this should be avoided by beginners. They have no basis or insufficient knowledge in terms of how they deal with scalping. this even though it provides a more intimate experience it becomes like suicide for them.
At least when investing in bitcoin for the long term from now on they can still be comfortable while learning further than having to jump in with day trading which clearly requires much greater experience.

The choice is for them to decide, but I like to follow your argument with scalping and day trading, newbies needs to learn the deeper side of this market before they perform or execute this kind of trading practice.

Without the knowledge that they need, the chance of failing and losing their investment is what they might
suffer along the way. It's your knowledge and understanding that will let you proceed and make some
decent profits from this business.

Yep, indeed in this case everyone returns to their respective choices whether they want to do whatever they like but it's not wrong to give advice not to get involved in trading first when you are still a beginner.
This is not gambling that only relies on instinct and luck but trading that requires analysis for it so that the conditions are good for them and of course to minimize losses.
But if you insist on trading, then maybe you already know the risks involved and don't feel cheated if you get a loss there.

[Pamadar]

Yep, indeed in this case everyone returns to their respective choices whether they want to do whatever they like but it's not wrong to give advice not to get involved in trading first when you are still a beginner.

An advise is always good when you don't have enough knowledge with the business that you are going to take, it's always
have a good weight when deciding your first trade.

This is not gambling that only relies on instinct and luck but trading that requires analysis for it so that the conditions are good for them and of course to minimize losses.

Good point, and it should always take the right way, not a gambling where you will always rely with luck.

But if you insist on trading, then maybe you already know the risks involved and don't feel cheated if you get a loss there.

You should be ready and willing to take the risk if you wanted to pursue your investment inside this kind of business.

[Renampun]

...
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

actually, this trick is really good to use if you have a good analysis technique but for a newbie trader, this trick is really not recommended. you will just waste time and money when you fail to make a profit because you are always moving tokens that experience -15%. if you pay attention to the market, the cryptocurrency that experiences very high volatility is only bitcoin because it wins, many people focus on trading there, but for crypto assets that are -10% or +10% in 24 hours, it must be a token that doesn't have good fundamentals.

I am not a financial adviser or have extensive experience in trading but I recommend only trading in the top 20 cryptocurrencies, because it is safer and has a good reputation, and if you want to become a day trader then your capital must be large (to cover your losses if you fail to make a profit on an asset).

[Lida93]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Does trading really works actually this way as easily spoken? No I doubt it does! I jumped into a trade over three weeks ago based on the idea that the coin (GFT) has fallen to a reasonable level that I felt I can make a good profit from within at most three days time as it will pump high but as we speak I have spent three weeks and days more on that trade as am currently making a loss when I was hoping to make profit within a few days because the coin was down around a certain percent.
Why am I saying this? Trading is not so easy in the practical of it as it is with mouth talk or thoughts. There's always a higher chance that it will go against your prediction and expectations. The real key to trading as I have learned all this while is patience, it is a virtue that many traders lack especially when a trade is not going in their expected direction they rush to cut at loss.

[GeorgeJohn]

Does trading really works actually this way as easily spoken? No I doubt it does! I jumped into a trade over three weeks ago based on the idea that the coin (GFT) has fallen to a reasonable level that I felt I can make a good profit from within at most three days time as it will pump high but as we speak I have spent three weeks and days more on that trade as am currently making a loss when I was hoping to make profit within a few days because the coin was down around a certain percent.

Trading have tactics and that's a good investors always observe the market very well before venturing into trading investment, so when trading try to read the market chart and know if the market will rise within some interval or the market will go against of rising before you put in your funds, theirs what i want you to understand that, when you have the objectives of making profit in trading you will definitely down on wrong side of investment, monitor the market, scrutinized the market before opening a trade.

[PancherSh]

I looked everywhere for information on how to learn how to trade correctly and I was told everywhere that the key to success is stored primarily in the knowledge of technical and fundamental analysis.  It is believed that a computer is smarter than a person.  To what extent do you think the opportunity will be able to realize the idea of ​​​​generating income with the help of the program and controlling it at its own discretion?

in my opinion, it is still better to have good knowledge in trading and learn how to do technical analysis first of all, because if you decide to use a trading bot, then without this knowledge you will not be able to check whether the bot is working properly or not.

[Bushdark]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

If you think that you can trade as a newbie and make Money from the cryptocurrency market then you must be joking. Don't waste your money and strength on thinking that you are going to make huge momey from trading. Even though are good in trading and had been doing that for long are still finding it difficult to make consistent profits from the market.

You don't have to follow the shortcut rather you can follow the normal path so you have learn something from trading that will help you in a long way. Do not think you can learn everything in a few weeks and start making money. You will need to learn so many things for you to start making money if at all.

[Nheer]

Trading altcoins is much riskier than trading bitcoin because we've seen many coins pump so hard and then dump, finding it difficult to rise again, and some even end up as dead projects. There are gains and losses as well, but you know this is cryptocurrency and you can never predict how the market will turn out. To me, buying altcoins while they are down and waiting for them to rise so you can sell seems like a waste of time and money. Instead, I suggest you trade bitcoin.

[Marvell1]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

If you think that you can trade as a newbie and make Money from the cryptocurrency market then you must be joking. Don't waste your money and strength on thinking that you are going to make huge momey from trading. Even though are good in trading and had been doing that for long are still finding it difficult to make consistent profits from the market.

You don't have to follow the shortcut rather you can follow the normal path so you have learn something from trading that will help you in a long way. Do not think you can learn everything in a few weeks and start making money. You will need to learn so many things for you to start making money if at all.

Exactly. As a newbie, you can start trading but don't be in a hurry to make an instant profit or simply buy low and sell high, and we will be profitable. According to what I have experienced in the trading market, I can say that to make a profit from trading, it takes you at least 1 year, 1.5 years to learn and accept losses to have can gain lessons as well as experience. As a beginner in trading, accepting losses is the first thing we should do.

[PancherSh]

I think that for a beginner, there should be a mentor who will help you gain experience in trading.  Or you can use a good trading bot that will allow you to make the right decisions.  I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.

Having a mentor is good but it is not a must. Not every experienced trader started their trading with a mentor, some can succeed by learning themselves. I myself never have had a mentor, I learned it by self-taught. There are many sources that we can learn trading, both articles and youtube videos.

Bot trading is optional, I never used it. The best way is to use our own skills to determine everything in trading. Don't depend on the bots!

I looked everywhere for information on how to learn how to trade correctly and I was told everywhere that the key to success is stored primarily in the knowledge of technical and fundamental analysis.  It is believed that a computer is smarter than a person.  To what extent do you think the opportunity will be able to realize the idea of ​​​​generating income with the help of the program and controlling it at its own discretion?

certainly this is a complex software in which there are ready-made solutions and many bots can be customized to fit your needs.  And you can also create a robot according to your strategy.

[Bestdss]

If I am to advise any newbie that has interest in trading as a side or full time participation. Firstly, you should be able to use the amount of money you are able to loose, even though no money is too little to loose.
Secondly, always invest in solid projects with high market cap because no matter what happens, the project will still be available in the market unlike low market cap gems that will pack up when the market goes south.
Thirdly, don't buy any project because they lost - 15% or - 25%, some might never recover and send back to the village 😂  use Luna and FTX as an example here.

[@sriyan]

You can apply that kind of strategy only for the bull markets. How do you know exactly if this coin will be pumped or not? This is called gambling. because you don't have any plan. If you are a newbie to trading, my suggestion is to create a portfolio and plan better risk-reward management. The main thing in trading is how you protect your capital and how you minimize the losses.

[Tigerw]

certainly this is a complex software in which there are ready-made solutions and many bots can be customized to fit your needs.  And you can also create a robot according to your strategy.

It is important to know how software support works.  Do algorithms fail?

[PancherSh]

certainly this is a complex software in which there are ready-made solutions and many bots can be customized to fit your needs.  And you can also create a robot according to your strategy.

It is important to know how software support works.  Do algorithms fail?

if something goes wrong, the bot itself stops and a notification comes

[Tigerw]

if something goes wrong, the bot itself stops and a notification comes

what knowledge do I need to have to work with a bot and Do I need to be able to program to set up a bot?  

[PancherSh]

if something goes wrong, the bot itself stops and a notification comes

what knowledge do I need to have to work with a bot and Do I need to be able to program to set up a bot?  

no, it is not necessary, the software is designed to provide a finished product to users.  bots are assembled in the constructor

[Bitcoin_people]

If you are a new investor then it is definitely risky if you are trending. But the market never stops it will rise and fall. If you have invested in Bitcoin then you have nothing to be disappointed. Wait patiently no matter how bad the situation is. Of course you don't have to face losses by investing in Bitcoin.

[Digital_Lord]

The cryptocurrency market is very hard to understand, you have to pick an accurate coin which has a better history and also a recorded success which is offers to the holders. If you have no expertise then focus on your experience then it will not matter that how much money you loss, always get experience from your defeat and minimum cost should be invested not large sum as you are newbies and you have almost no experience about it. Trading business is not easy and I think you have to spend certain months to understand about it because it cannot give you same results always as the alterations in price is the key feature of trading.

[LastKiss]

The cryptocurrency market is very hard to understand, you have to pick an accurate coin which has a better history and also a recorded success which is offers to the holders. If you have no expertise then focus on your experience then it will not matter that how much money you loss, always get experience from your defeat and minimum cost should be invested not large sum as you are newbies and you have almost no experience about it. Trading business is not easy and I think you have to spend certain months to understand about it because it cannot give you same results always as the alterations in price is the key feature of trading.

Yeah, even traders who had tons of experience like 2 years, 3 years, etc. not guarantee the success of their trading. Even a newbie can win a lot just from his/her luck, It's better to try a trading simulator or trading demo to know how much our knowledge about trading before we try the real one.

[GiftedMAN]

Does trading really works actually this way as easily spoken? No I doubt it does! I jumped into a trade over three weeks ago based on the idea that the coin (GFT) has fallen to a reasonable level that I felt I can make a good profit from within at most three days time as it will pump high but as we speak I have spent three weeks and days more on that trade as am currently making a loss when I was hoping to make profit within a few days because the coin was down around a certain percent.

Trading have tactics and that's a good investors always observe the market very well before venturing into trading investment, so when trading try to read the market chart and know if the market will rise within some interval or the market will go against of rising before you put in your funds, theirs what i want you to understand that, when you have the objectives of making profit in trading you will definitely down on wrong side of investment, monitor the market, scrutinized the market before opening a trade.

The art of trading is to learn the fundamental things that are necessary for one to understand the market. It is very important for us to learn the basics topics in trading some that we can always be prepared to analyze the market without fears. One if the mistakes many of us do make especially for newbies is learning the art of trading without getting the full requirements that will enable us to be fit to trade the market without any signal from other traders. Trading needs understanding about the market if we want to earn bug from the market.

[bitcoin_network]

The cryptocurrency market is very hard to understand, you have to pick an accurate coin which has a better history and also a recorded success which is offers to the holders. If you have no expertise then focus on your experience then it will not matter that how much money you loss, always get experience from your defeat and minimum cost should be invested not large sum as you are newbies and you have almost no experience about it. Trading business is not easy and I think you have to spend certain months to understand about it because it cannot give you same results always as the alterations in price is the key feature of trading.

Trading in the cryptocurrency market requires detailed knowledge of the trade.First of all, everyone should learn the basics of trading because it is seen that many times many people face losses by buying the wrong coins.But those who want to buy and trade any coin for a long time must choose the right coin.The market should be scrutinized to buy the right one.

[Pamadar]

The cryptocurrency market is very hard to understand, you have to pick an accurate coin which has a better history and also a recorded success which is offers to the holders. If you have no expertise then focus on your experience then it will not matter that how much money you loss, always get experience from your defeat and minimum cost should be invested not large sum as you are newbies and you have almost no experience about it. Trading business is not easy and I think you have to spend certain months to understand about it because it cannot give you same results always as the alterations in price is the key feature of trading.

Yeah, even traders who had tons of experience like 2 years, 3 years, etc. not guarantee the success of their trading. Even a newbie can win a lot just from his/her luck, It's better to try a trading simulator or trading demo to know how much our knowledge about trading before we try the real one.

That's for sure, not even experienced traders won't experience loss, there's still chances that anticipation will not come into reality as fluctuation will ruin your position.

Better to keep pushing your way in learning the process and if you already getting more winning position than
losing one, the chance to progress is very high. More on self assessment and how will you reflect everything
with the way to execute your trades.

[Munir575]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

its not a bad technique I’m sure you won’t be the first to try it whether you succeed or fail you won’t be the first either so it worth the try if thats what your instincts tell you whatever the outcome it will be an experience you will learn from and if it doesn’t suit you you will have to try another pattern. Trading is not an easy task and you should be ready for the worse especially when it comes to trading altcoins because they are not as reliable as trading Bitcoin.

[Bhig Daddy]

When many coins were moving virtually simultaneously, I performed something similar a few years ago, enabling me to buy low and sell high. But, given the number of coins now available, I believe it is challenging because it takes more time to evaluate each coin individually and does not ensure you will be able to obtain the coin you desire. And doing it that way without strong analytical abilities would only result in financial loss because you run the risk of interpreting the coins incorrectly. But if you're still interested in giving it a shot, I advise doing it for a little cash first to gauge how it goes. Never use large sums of money if you aren't willing to lose.

[karmamiu]

Been watching lots of reviews and tips about trading few years ago, and I could say that, yes, you can gain a certain amount from that, but not all the time. I remembered way back, I have a trading mentor (privately), told me that it's much better for me buy and hold rather than doing quick trades, coz it'll benefit me in the long run. So, I did and luckily, I didn't regret it. Months ago, when I was looking for some youtube videos, I stumbled upon a video by Graham Stephan talking about investments and reviews about other people's lives as a trader. He mentioned that based on studies (I forgot what study that is) stated that those who bought, and hold are more profitable than doing quick trades. I've never really took quick trades seriously but based on my experience and several people, they found it more profitable to make it as an investment, buying whenever they have spare cash rather than making it as quick cash grab. Personally, I could only say that it depends on what method best applies to you since you are also making it for the sake of having a side hustle.

[andriarto]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

its not a bad technique I’m sure you won’t be the first to try it whether you succeed or fail you won’t be the first either so it worth the try if thats what your instincts tell you whatever the outcome it will be an experience you will learn from and if it doesn’t suit you you will have to try another pattern. Trading is not an easy task and you should be ready for the worse especially when it comes to trading altcoins because they are not as reliable as trading Bitcoin.

for beginner traders, you really have to gain experience, which is what can make us successful. with your technique, then you have to think about if the price continues to fall, so you have to place a stop loss according to your analysis. on the other hand, be careful if you change coins that have decreased, because it is very risky, especially if it is a new coin, because extreme declines can occur in the blink of an eye, and will make us panic

[Pamadar]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

its not a bad technique I’m sure you won’t be the first to try it whether you succeed or fail you won’t be the first either so it worth the try if thats what your instincts tell you whatever the outcome it will be an experience you will learn from and if it doesn’t suit you you will have to try another pattern. Trading is not an easy task and you should be ready for the worse especially when it comes to trading altcoins because they are not as reliable as trading Bitcoin.

Strategy like that needs to be practiced from time to time. You are unsure that the market will increase back even the asset already falls for 15%, the chance that it will continue to fall is possible.

You need to have good a good research before taking that strategy, and like what you said, it's not the first
time that this kind of strategy is being used and if he succeeds or fails, it is not also the first time. There's always
the right way or much better to say fitted way to each trader, both new and old timer.

[naikturun]

maybe your expectation is like that but trust me is not easy like that, when you face with real market there will be nervous or something that will distract your mind.
because you never do that and let say you try it for the first time.
so yeah you will just lose money, unless if you want learn to trade and ready to lose your money to get experience.

[cydrix]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

The idea of trying to come up with ways of making money by the means of trading. Everyone started with zero experience and being observant on the market. I can't suggest the strategy you've mentioned because you can't guarantee 15% down that it will pump eventually but that's why we should take the risk and it will depend on us how we manipulate the trading strategy we have. Always Do your own research before entering for a trade because factors are very important to a coin.

[nurilham]

Trading in the cryptocurrency market requires detailed knowledge of the trade.First of all, everyone should learn the basics of trading because it is seen that many times many people face losses by buying the wrong coins.But those who want to buy and trade any coin for a long time must choose the right coin.The market should be scrutinized to buy the right one.

What do you mean by 'detailed knowledge'? What the beginners need is basic knowledge about trading and they must know about crypto market. If the beginners already have enough knowledge about the basic things of trading and crypto market, they can start to buy and trade crypto coins. However, they also need to understand the coins they buy/trade. Every type of crypto coin has its own characteristic and its own level of volatility. The risk level also depends on the type of coins. If it is a top crypto coin, it will be safer. But if it is new altcoins or meme coins, it will be riskier.

[GeorgeJohn]

The art of trading is to learn the fundamental things that are necessary for one to understand the market. It is very important for us to learn the basics topics in trading some that we can always be prepared to analyze the market without fears. One if the mistakes many of us do make especially for newbies is learning the art of trading without getting the full requirements that will enable us to be fit to trade the market without any signal from other traders. Trading needs understanding about the market if we want to earn bug from the market.

Trading needs consistent performance so that newbie will know the scope of trading with it's fault, because even though you acquire the skill of trading without practicing will make you lose whenever you come into trading with the assurance that you know all the strategies, sometimes in trading what leads people into lost is as results of greediness and not knowing the rules and regulations of trading.

[Munir575]

You should have a solid understanding of trading first as you claimed to be a complete novice. To start with, you may get a ton of relevant information on various social media platforms where trading is nicely discussed. Without a thorough understanding of trading, you will undoubtedly experience losses. because trading involves a great deal of risk. After weighing the full circumstances, you must make a decision.
To trade you must be ready to in any loss encountered on the way and use it as an experience for the future.

[arthurelewis]

Trading strategies can vary widely depending on the trader's goals, time horizon, risk tolerance, and market conditions. Some traders may focus on short-term, high-frequency Crypto-Trading strategies, while others may take a longer-term, more fundamental approach. Regardless of the specific strategy, successful traders must have a deep understanding of market dynamics, including technical and fundamental analysis, market psychology, and risk management.

[Dzwaafu11]

I'm at a loss for ideas on how to get started trading; you'll need to do additional research and post inquiries in forums.

Since understanding of bitcoin is all you need to get started, knowledge of it is still necessary if you're interested in trading.
To avoid losing money when you begin trading, you must have a thorough understanding of how the market functions, including when it will pump and when it will dump.
Like you, I'm a newbie who is still picking up trading and bitcoin skills.
Yet urging you to conduct additional research on what you're going to do

[Alisha-k]

Have you thought and probably planned a strategy you'll carry out if you're not on the profitable side??

Of course you know they're two sides to trading, we either lose or make profit so while planning for the best, also prepare for the worst..

[GreenStox]

I think it's not as easy as the scenario you say, because not everything is always according to your predictions, if it were that easy everyone should be rich, but you can see that not everything is that easy.
yes that will lead you to losing your moeny, until you have experience.

[juhobtc]

Trading needs consistent performance so that newbie will know the scope of trading with it's fault, because even though you acquire the skill of trading without practicing will make you lose whenever you come into trading with the assurance that you know all the strategies, sometimes in trading what leads people into lost is as results of greediness and not knowing the rules and regulations of trading.

The ability to sell on time also decides a lot, I already understood this from my own experience, there is no need to be greedy and expect that the price will constantly rise, the market moves and growth is replaced by a fall, this is a normal market movement.

[Digital_Lord]

The percentage which you mention for buying and selling is not understandable because sometimes you buy a coins and think that it will pump during Bull season but actually it dumps and all your money become zero so its not important that when you buy at lower price you will definitely get huge profit but it totally depends on the type of coin which you pick for you future success. You have to keep concentration on the price of some trustworthy coins that have surety that they will pump whenever the market become pump so then you can have greater possibility of earning more revenue. Lower price is not just a thing which can give you profit but instead of this there are more others rules which you should have to follow for profitable fortune which you should learn first.

[rhodelmabanal]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

everyone is thinking how to earn in trading and every strategy sound simple but its not, if we can earn with that simple strategy then we are lucky, buying and selling is good strategy but the problem is we don't know when the particular coin is going to up or continue to down after we buy it, just always remember that no one will loss if you don't sell at loss.

[Obari]

I guess to should be ready to do the work involved with such coins as well as be ready to face the huge risk associated with such businesses as well as the project you're about embarking on is know as pump and dump project and there are already more smart people in that field so you ought to be smarter and faster and don't let so much greed catch up with you in this field.
I barely advice people to get into shitcoins  except they know what they're doing and it seems you're very much knew in the crypto industry so I will advice that you buy a more stable coins like Bitcoin and just hold for a longer time rather than wanting to toy with your emotions.

[Negotiation]

I guess to should be ready to do the work involved with such coins as well as be ready to face the huge risk associated with such businesses as well as the project you're about embarking on is know as pump and dump project and there are already more smart people in that field so you ought to be smarter and faster and don't let so much greed catch up with you in this field.
I barely advice people to get into shitcoins  except they know what they're doing and it seems you're very much knew in the crypto industry so I will advice that you buy a more stable coins like Bitcoin and just hold for a longer time rather than wanting to toy with your emotions.

I also agree with you, that newbies in trading should take care of many things temporarily before investing, so that they are aware of their losses and can survive the losses.Although in my opinion newbies should never invest in trading in the first stage, because newbies often make wrong decisions, newbies often conduct trades based on emotions which lead to losses later on.My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.

[nur rochid]

I guess to should be ready to do the work involved with such coins as well as be ready to face the huge risk associated with such businesses as well as the project you're about embarking on is know as pump and dump project and there are already more smart people in that field so you ought to be smarter and faster and don't let so much greed catch up with you in this field.
I barely advice people to get into shitcoins  except they know what they're doing and it seems you're very much knew in the crypto industry so I will advice that you buy a more stable coins like Bitcoin and just hold for a longer time rather than wanting to toy with your emotions.

I also agree with you, that newbies in trading should take care of many things temporarily before investing, so that they are aware of their losses and can survive the losses.Although in my opinion newbies should never invest in trading in the first stage, because newbies often make wrong decisions, newbies often conduct trades based on emotions which lead to losses later on.My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.

it is common for novice traders to prioritize feelings when trading. until in the end they feel frustrated. for those who persist, they can improve from previous mistakes, so that gradually their trading style will be established by itself. it is not as easy as imagined, but many traders are successful, so they can live from trading. therefore it's never too late to start and you should still be able to enjoy the process

[Negotiation]

I guess to should be ready to do the work involved with such coins as well as be ready to face the huge risk associated with such businesses as well as the project you're about embarking on is know as pump and dump project and there are already more smart people in that field so you ought to be smarter and faster and don't let so much greed catch up with you in this field.
I barely advice people to get into shitcoins  except they know what they're doing and it seems you're very much knew in the crypto industry so I will advice that you buy a more stable coins like Bitcoin and just hold for a longer time rather than wanting to toy with your emotions.

I also agree with you, that newbies in trading should take care of many things temporarily before investing, so that they are aware of their losses and can survive the losses.Although in my opinion newbies should never invest in trading in the first stage, because newbies often make wrong decisions, newbies often conduct trades based on emotions which lead to losses later on.My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.

it is common for novice traders to prioritize feelings when trading. until in the end they feel frustrated. for those who persist, they can improve from previous mistakes, so that gradually their trading style will be established by itself. it is not as easy as imagined, but many traders are successful, so they can live from trading. therefore it's never too late to start and you should still be able to enjoy the process

You are right but my experience is a bit different that I have seen many newbies to trade they manage the trade without understanding anything while trading. I know of many new traders who have lost all their fortunes trying to manage their trades, many have even sold their homes. My opinion is that learning trade can be started with a very small amount of money in the beginning, and when you feel that you have enough experience with the trade, more money can be started.

[Pamadar]

I guess to should be ready to do the work involved with such coins as well as be ready to face the huge risk associated with such businesses as well as the project you're about embarking on is know as pump and dump project and there are already more smart people in that field so you ought to be smarter and faster and don't let so much greed catch up with you in this field.
I barely advice people to get into shitcoins  except they know what they're doing and it seems you're very much knew in the crypto industry so I will advice that you buy a more stable coins like Bitcoin and just hold for a longer time rather than wanting to toy with your emotions.

I also agree with you, that newbies in trading should take care of many things temporarily before investing, so that they are aware of their losses and can survive the losses.Although in my opinion newbies should never invest in trading in the first stage, because newbies often make wrong decisions, newbies often conduct trades based on emotions which lead to losses later on.My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.

it is common for novice traders to prioritize feelings when trading. until in the end they feel frustrated. for those who persist, they can improve from previous mistakes, so that gradually their trading style will be established by itself. it is not as easy as imagined, but many traders are successful, so they can live from trading. therefore it's never too late to start and you should still be able to enjoy the process

You are right but my experience is a bit different that I have seen many newbies to trade they manage the trade without understanding anything while trading. I know of many new traders who have lost all their fortunes trying to manage their trades, many have even sold their homes. My opinion is that learning trade can be started with a very small amount of money in the beginning, and when you feel that you have enough experience with the trade, more money can be started.

If you are careful and you mind over your finances, I will say that this is the best thing to do, start small and familiarize yourself inside the business, if you feel that you are ready to add more money then that's the right time.

Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.

[jokers10]

...
My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.

First thing about trading newbie should know IMO is that is not a way to earn for him, but it is a way for paying for knowledge and experience. If to understand that it becomes much more easier to start with learning books and test modes. Because when you think that you'll just get less it doesn't motivate as hard as if you realize that you'll lose less and sometimes much less. Being cautuios when you are not sure and be wise when risking is impossible if you have no experience and know nearly nothing about trading.

[Obari]

Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.

Yeah one thing that has been misleading newbie traders is the believe that they can suddenly make all the money they desire in just one day especially with a relatively small  capital and later Begin comparing their steps with that of old time traders.

As a newbie, you should focus more on learning and acquiring more knowledge rather than wanting to make all the profits at once.
Nothing good comes easy and same is also applicable to trading and for you to be a successful trader, you have to be knowledgeable and have a very good risk management skills.

[deathcode]

Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.

Yeah one thing that has been misleading newbie traders is the believe that they can suddenly make all the money they desire in just one day especially with a relatively small  capital and later Begin comparing their steps with that of old time traders.

As a newbie, you should focus more on learning and acquiring more knowledge rather than wanting to make all the profits at once.
Nothing good comes easy and same is also applicable to trading and for you to be a successful trader, you have to be knowledgeable and have a very good risk management skills.

You are right, get a lot of profit in just one day for newbie traders it is impossible whether it's with small capital or large capital. But unfortunately sometimes beginners take this for granted and they already feel capable without learning more about trading.
Without planning, haphazard in selecting assets to trade and sometimes they just follow references from the internet without knowing whether the references used are credible or not.
There are still many beginners who don't fully understand strategy and the market but they are reckless and reckless in trading, they are forced to trade with minimal knowledge because they can't wait to get immediate results from trading like everyone else.
Beginner traders tend to be unfamiliar and unable to control their emotions when trading, so most of the time when they receive a loss they try to catch up with the loss by continuing without developing or changing their strategy and even worse without setting a stop loss.
Most newbie traders who are too hasty to jump into the world of trading will end up losing and won't last long.

[cute nmp]

 It is a good idea to learn trading altcoins,many have made good profits buying the dip and selling the highs.One think it that you should not invest what you cannot afford to lose,you should start with little funds to see how things plays out.

[stomachgrowls]

It is a good idea to learn trading altcoins,many have made good profits buying the dip and selling the highs.One think it that you should not invest what you cannot afford to lose,you should start with little funds to see how things plays out.

Always start out with small amounts specially when you are just still starting up and never ever consider yourself to make out on going all in type of positioning here on the market since we do know that it cant really

be just that so simple on making profits on this kind of career where it does involved a market which is really that too unpredictable.There's no way that you could really be able to learnt up things on easy way.

As a newbie then its normal to have lots of errors and mistakes which these are stepping or learning curves which you would need to understand and would really be that
need to learn so that you would really be making yourself more better as you do go further.

[LUCKMCFLY]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

everyone is thinking how to earn in trading and every strategy sound simple but its not, if we can earn with that simple strategy then we are lucky, buying and selling is good strategy but the problem is we don't know when the particular coin is going to up or continue to down after we buy it, just always remember that no one will loss if you don't sell at loss.

The important thing here is that a novice does not start inventing and Gambling in trade, because it can go very badly for him, some think that they are lucky and that they know what the market can do and despite the fact that some Traders have good luck when operating, that luck will make you earn money, it is obvious, but at some Point luck will run out and that is when Failures will begin and that is what must be avoided at all costs, for me the main thing here is always keep in mind that it is best to operate knowingly, studying every day so as not to lose money.

[DevilSlayer]

It is a good idea to learn trading altcoins,many have made good profits buying the dip and selling the highs.One think it that you should not invest what you cannot afford to lose,you should start with little funds to see how things plays out.

Always start out with small amounts specially when you are just still starting up and never ever consider yourself to make out on going all in type of positioning here on the market since we do know that it cant really

be just that so simple on making profits on this kind of career where it does involved a market which is really that too unpredictable.There's no way that you could really be able to learnt up things on easy way.

As a newbie then its normal to have lots of errors and mistakes which these are stepping or learning curves which you would need to understand and would really be that
need to learn so that you would really be making yourself more better as you do go further.

Overnight success is a myth in trading so better to start investing small amount of money in the beginning of your trading journey because there are a lot of situation and scenario that you must experience first before you can finally understand how trading works. Actually I burnout my 5 capitals, so it means that it took me 5 trading accounts before I finally created a system that can help me to become a profitable trader. People think that they are already successful when they put money on trading without knowing that the possibilitiy of making money in trading is very low especially if you are beginner on it.

Your win rate will only become high once you acquired advanced knowledge, experience and also data that you can use for your future trading execution. There is no wrong starting to trade with huge amount of money, but like what I said the possibility of account burning is very high so you be a conservative trader who thinks how to stay long game in trading. 

[Jocuserious]

Yes like to me, i am baby in trading.
I have no calculation right now for how much money i lost in trade. But i know very small assets i can make everyday now. So when you are a new person in trade then you can't make us good money but after you can make money when you are a professional trader. Buying dip then selling high o man i feel like good when my hand take $1k.

[Dalib]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

One strategy that many traders use is buying low and selling high, also known as "buying the dip." This involves buying an asset when its price is low and then selling it when the price increases, allowing you to make a profit. However, it is important to do your research and understand the market before making any trades.

It is important to keep track of your trades and calculate your profits and losses in order to make informed decisions and improve your trading strategy. While it may be difficult to make significant profits as a new trader, with experience and knowledge, it is possible to become a successful trader and make consistent profits.

[MiF]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

I am onced a newbie i also know how it feel, I've experienced a lot of losses and there was a time that i feel trading is not for me a huge loss and a feeling that i never get back my losses and its driving me insane, but if you never surrender you will become more wise and great trader, so don't be afraid because you are not the one who loss expert in trading also loss we all loss the important is we stand still after lossing.

[martyns]

It is important to understand that a beginner is actually equal to losses. You should be prepared for this. When I started working, I devoted a lot of time to working on the demo account of the Amarkets broker in order to gain the necessary experience.

A beginner who is just learning how to trade has so many disadvantages, and these disadvantages are based on the fact that they know nothing about crypto market. The crypto market is a very complicating one,and any beginner who wants to excell in crypto must study the market,and understand the way the market operates.We know that it is always full of ups and downs,that's why it is required of newbies to make research,know the seasons in which a particular product will do well,and know the amount of money to invest in it at that particular time.Any beginner who is in haste to trade is liable to lose his money,because in trading,it is very risky to rush.

[Litzki1990]

First of all you are a new member in trading. You just plan to start trading. And you have also said here that you have no idea about trading since you have no idea about trading so first of all you need to develop adequate understanding about trading first. The information you choose to trade based on will never be right for you.  If the market is dumping 10% at one time, it will pump 10% later. 
Many times it can be seen that different coins are increasing in phases and those coins are decreasing in phases so it can never be the right signal for you. First you need to be good at trading. There are different charts of trading you need to understand those charts when you understand these things then trading will be good for you.

[Pamadar]

Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.

Yeah one thing that has been misleading newbie traders is the believe that they can suddenly make all the money they desire in just one day especially with a relatively small  capital and later Begin comparing their steps with that of old time traders.

As a newbie, you should focus more on learning and acquiring more knowledge rather than wanting to make all the profits at once.
Nothing good comes easy and same is also applicable to trading and for you to be a successful trader, you have to be knowledgeable and have a very good risk management skills.

Knowledge is your advantage, and that's the problem most of the time with newcomers,

they believe that way, thinking this venue of investment will bring them a huge chunk of profits instantly.
If you know well how the business works, then it will be your edge following how you will take advantage of the market flows.

The more you understand the market, the better you can anticipate where the market will go, the chance of making
decently is not by far, just don't take things in a shortcut but try to adopt and absorb more knowledge.

[Panxora_COO]

[JahriMeayer]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

[Awaklara]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

a beginner in trading is bound to make mistakes. but it all depends on how they learn from their mistakes. if they study well, beginners can quickly adapt to the market and trade well.
learning from one's own mistakes is a great experience. it can make us as beginner traders be more careful in making trading plans. there are no professional traders if they also don't start with mistakes.

[Good_Doctor]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Actually I'll first of all advice you closely monitor the pattern of the market for the coin in which you have eyes for in investing, watch the trend closely and this takes months to years if you're really keen on making it big

Then, you should check if it's a coin that bullish or bearish together with Bitcoin then you also monitor the trend of Bitcoin this will even help you monitor the coin closely too. For example Bitcoin and Litecoin they're almost having the same trend....as Bitcoin falls Litecoin also falls

Currently Bitcoin is around 28thousand dollars and Litecoin is around 88dollars . If you want to gain from Litecoin you should get ready to buy now because any further bearish on Bitcoin will lift Litecoin to around 101 dollars

Same thing goes for shitcoins and air coins. Just monitor closely with either Ethereum or Bitcoin how they increase or decrease together with them and bag as much as you can during the dip to sell when it pumps

DYOR on safest coins to bag I'd advice go and get CORE from anyone who mined if you didn't mine!

[Alisha-k]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

set up a strategy and work with it, it may turn out to favour you but please, start with a little amount of money, an amount you can easily give up and not feel the pressure.

[Josefjix]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

It's consider difficult at the beginning, but with constant practice, a newbie becomes confident on trades. Experience is essentially what newcomers in the space require; one cannot begin trading without adequately sketching out good projects in the market. Losses are unavoidable, but rewards are possible. Being familiar with the market also makes things smoother, good trading tools make trading simpler. Newbies lose a lot of money because they do not follow the right path and are always desperate to make money. This is cryptocurrency; you learn before you earn; anything else puts you on the wrong track.

[Dessy88]

Here is Trade not for newbies even it is just for a smart people who have lot of experience in trade. If you have no skills in trade then you can lost money. But if a newborn want trade then they should join more group for tech about trade. Otherwise help a smart trader teen you can make money easy from trade. I also tell you dont jmp trade without skill.

[kawetsriyanto]

Here is Trade not for newbies even it is just for a smart people who have lot of experience in trade. If you have no skills in trade then you can lost money. But if a newborn want trade then they should join more group for tech about trade. Otherwise help a smart trader teen you can make money easy from trade. I also tell you dont jmp trade without skill.

Of course, someone must have sufficient knowledge and skills to trade properly. No skill means a small chance of gaining profits from trading. Moreover, if we have no knowledge, it is like a mission impossible to earn money through trading. So, actually everyone who wants to trade in crypto, must have both knowledge and skills. We already know there are many people who fail in trading because they have lack of knowledge/skills, it is just a warning for every newbie to never trade carelessly.

[Sexylizzy2813]

Before you start you have to know how things works in that line of trading that you're getting into, if possible ask, get better info before you get started otherwise you might just lose your hard earned capital before engaging yourself. Try as much as you can to know what you getting into, some people do lose because the information wasn't plain from the start so is best you gather vital information from a trusted friend.

[cotaland]

Cryptocurrency trading risk is generally very high, it is recommended that novices learn more relevant knowledge before trying.

[Bitcoin_people]

Trading is very difficult for beginners if they don't have general knowledge about crypto. So the first thing a new trader needs to know is when an investment can be profitable. and being careful about when to invest will result in losses. In this regard, it should be noted not to invest when the market is growing like a bull run. If you want to invest, you must invest when there is a bear market. And thus a new investor needs to be careful so that he can profit. Again, many times it is seen that newbies are criticized about the amount of money they will need for trading. Therefore, it is possible to become a good crypto trader in the future if you start investing from all the money when trading for the first time.

[Nazmul012]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

[petulino]

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

You are absolutely right that learning is the most important thing in trading. As the trading platform is very risky where there is no room for error. If trading is started with a small amount in learning trading, it will also provide learning experience and minimize the risk of loss.

Because in any business you don't make mistakes while learning, your experience won't mature. Always learn from mistakes. A trader will never learn until he gets into the real world.

[awik p]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

[kapalmabur]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

It's true I agree because before starting to trade or invest it is very important to learn fundamentals and more,
by learning a lot of things at least it makes us know what needs to be done,
what is clear is that everything needs a process, nothing is instant.

[LastKiss]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

That's why we should use stop loss lower from the support, if we do an analysis we should know the support line. It's better to spend our time doing analysis rather than spending our money in vain, as a newbie having a good mindset and want to learn is already enough, something like stop losses, leverage and others can learn after we are used to trading.   

[Dessy88]

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

If you can get best knowledge aboyt trading from by this forum then you could manage success trade. For the first time many newborns loss there money from first time trade. Besides that they leave quickly in the crypto market but i think It's three wrong work.

[riskarcher]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

That's why we should use stop loss lower from the support, if we do an analysis we should know the support line. It's better to spend our time doing analysis rather than spending our money in vain, as a newbie having a good mindset and want to learn is already enough, something like stop losses, leverage and others can learn after we are used to trading.   

Yeah agree, stop loss is very important on bear market situation, we never know how whales set up the market in the current condition, especially their have control to pumped and dumped target coin they want it

[Bitcoin_people]

Trending basically requires a beginner to practice different aspects and know market strategies. First of all if a newbie wants to trade then he needs to do a good analysis about the market. Then he has to learn when to trade he can make profit and when to trade he has to know about loss. When the market is in a bull market, do not trade from a bear market and sell later. If you want to trade in the first stage, you must start with a small amount of money and gradually increase the amount of money if you get good profit. And you have to adopt more special strategies about the market, but you can become a successful trader in the future.

[omgitsmehehe]

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

Newbie should pass the through the fundamentals and technicals analysis of trading inother to fill in the configuration of trades. One thing is to become a trader another is to be a profitable one at that. There are many things to know about trading, knowing the full potential of the market, what project to invest in, when to trigger a trade and finally the time to withdraw profits. Trading is risky and complex, newbies should be properly guided on the right thing to do, because if they're misguided with inappropriate tools, they will face the losing trends of the market.

[ancafe]

If you want to trade in the first stage, you must start with a small amount of money and gradually increase the amount of money if you get good profit. And you have to adopt more special strategies about the market, but you can become a successful trader in the future.

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

[ItsCrafty]

Newbie should pass the through the fundamentals and technicals analysis of trading inother to fill in the configuration of trades. One thing is to become a trader another is to be a profitable one at that. There are many things to know about trading, knowing the full potential of the market, what project to invest in, when to trigger a trade and finally the time to withdraw profits. Trading is risky and complex, newbies should be properly guided on the right thing to do, because if they're misguided with inappropriate tools, they will face the losing trends of the market.

To fill up the configuration of trades, beginners should go through the fundamental and technical analysis of trading. Being a successful trader is a different animal than simply becoming one. Trading requires knowledge of a wide range of topics, including the market's full potential, risk assessment and risk-taking ability, and your technical and logical thinking to analyse the trends of cryptos. The best thing that shows your knowledge is when to initiate or take your trades and when to take profits. Trading has multi-dimensional tricks that are not so complicated but a little bit risky when you rely blindly on indicators. So, I think beginners should have good knowledge and awareness of what to do; otherwise, they will face loss.

[MingMining]

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

You have given a very good suggestion that one should never join trading without experience and knowledge.Even if trading is started, first trade with small capital to minimize the risk of loss.Small amount trading will also gain experience and knowledge about trading.After gaining experience you can increase your trading amount but choosing the best coins for trading should always be the top priority.Always choose the coin that has the highest volatility in trading.Consistency is a very important component of trading.Therefore, emotions should never be used in trading.

The most important thing is to start trading only after understanding and analyzing all the information related to the market.

[knowngunman]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

There's this saying that "experience is the best teacher". You can not have zero experience and attempt to risk your resources on trading. Trading is an aspect of crypto that requires experience fundamentally and technically. It is some how difficult to understand per say that not everyone will sustain in it with amateur knowledge.

Talking about making money, I don't think this is the right step for you unless you can be patient enough because some coins will take forever without increasing a decent cent. The percentage is not as you're thinking by the way. Forex trading might be better than what you are planning above.

You can not succeed in trading with mere self trial. Get your self a mentor, watch video tutorials, read and then practice. People with a experience are losing sometimes, imagine yourself without experience. You'll lose enough.

[Hamphser]

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

You have given a very good suggestion that one should never join trading without experience and knowledge.Even if trading is started, first trade with small capital to minimize the risk of loss.Small amount trading will also gain experience and knowledge about trading.After gaining experience you can increase your trading amount but choosing the best coins for trading should always be the top priority.Always choose the coin that has the highest volatility in trading.Consistency is a very important component of trading.Therefore, emotions should never be used in trading.

The most important thing is to start trading only after understanding and analyzing all the information related to the market.

Always start on small and never ever have that kind of feeling of confidence that you could really be able to stand on this unpredictable market on which it would it would be wise that you should make use of small

capital instead on going all in because its 100% that you would really be losing money on your initial steps and this is why it would really be that ideal that you should only spent less which at the same time you would

really be having that kind of learning curve while you do make use of certain funds which it would be allocated to it.On the time that you do see yourself on having some good progress then it would be the best time
for you to gradually be adding up that capital and position. You would really be able to find out for yourself on what you should gonna do because you would be able to see those differences comparing your
newbie self into that certain point when you do already have  that experience and knowledge on handling yourself on a random market.

[Franctoshi]

Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

[Bushdark]

Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

We don't need to love what we are doing, it is only for those who are not making the kind of profits they desired that will complain that they don't like trading. Once we keep making profits from trading, it will get to a time where we shall be very excited to be a profitable trader because we are making profits from what we are doing. If we keep doing what we are doing and we are making profits from its, with time, it's going to become an addiction. This is one of the reasons why many gamblers are now a chronic addict because of the results they keep getting that is making the to keep doing what they are doing.

[rojan]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

[Patrol69]

People usually adopt different strategies to succeed in trading. In this case, the strategy you are trying to adopt may be the right strategy for you. But this strategy may not always work. Because sometimes it is seen that if the market increases by 15% but does not decrease by 10%, after the increase of 15%, it is seen that there is an increase of a few percent. That means the strategy you mentioned may not work all the time. In this case, if we can take trades by carefully observing the candles and the market chart, we may have more chances of success.

[ancafe]

You have given a very good suggestion that one should never join trading without experience and knowledge.Even if trading is started, first trade with small capital to minimize the risk of loss.Small amount trading will also gain experience and knowledge about trading.After gaining experience you can increase your trading amount but choosing the best coins for trading should always be the top priority.Always choose the coin that has the highest volatility in trading.Consistency is a very important component of trading.Therefore, emotions should never be used in trading.

We can only provide views according to what we experience, but all decisions depend on each individual who asks. Starting with a smaller capital to avoid losses during the introductory trading process that we are doing and I think following trading theory without doing direct practice will not provide insight. But we need to be involved in order to understand how and the provision of theory and advice from others can guide to reach maturity but do not come to a conclusion when not directly involved.

After everything we got from there, we will move slowly to increase the number of trades, so that consistency will work itself out because when trying to stay consistent, the way to go is to achieve profits according to the abilities and trading strategies we have. Because when all the processes have been carried out then we can achieve it even though on the trading journey we don't always get profits with the same strategy.

The most important thing is to start trading only after understanding and analyzing all the information related to the market.

That's the main thing that is most important and before being directly involved in trading, you should first study the things that are needed.

[Mahanton]

Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

We don't need to love what we are doing, it is only for those who are not making the kind of profits they desired that will complain that they don't like trading. Once we keep making profits from trading, it will get to a time where we shall be very excited to be a profitable trader because we are making profits from what we are doing. If we keep doing what we are doing and we are making profits from its, with time, it's going to become an addiction. This is one of the reasons why many gamblers are now a chronic addict because of the results they keep getting that is making the to keep doing what they are doing.

I do somewhat disagree because putting up love or passion on what you are doing will really be eventually be putting up that kind of emotion or approach on which it might really be that helpful for you to sustain
on what you are currently dealing with. With having that kind of approach then you wouldnt really be finding things to be boring since you are really that eager on learning up something which it would really be just that a common approach. When things turns out to be sour or bitter then you would definitely be that able to adjust accordingly because you've been wary on what are those probabilities. Trading is never been simple nor
something that could be handled out easily because it would really be taking so much time and lots of efforts before you could really be able to find yourself sustaining and this is something that could really be
acquired so easily. Perseverance and good mind will is something that would really be needing when you do touch up this area.

[SaveOurSea]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

[uswa56]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

[hasitha lakshan]

If you are new to trading, if you don't have much knowledge about trading, don't go for future trading first. It's not enough that you have interest in emony, you also need good knowledge about it, anyway you First of all start doing spot trading and grow the fund and put 1% of that fund into one trade and start future trading. Or you can watch youtube videos and gather some knowledge trading is always risky!

[AnonBitCoiner]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move 

One or two losess can be ignored after getting profit but if someone regularly loses money then I leaving from trading until you learn will be better. without knowledge one can get benefit for at least two or three times but they will understand that it's not because of knowledge but it's because of market fluctuations. At start you will definitely face some issue but you will be successful if you learn well to manage the risk and to avoid your emotions.

For success in trading only money is not necessary but getting knowledge is also crucial. Those will always be profitable who know about the market situations, proper timing of taking decision, have control on their feelings and have ability to use strategies accurately.

[Kalam001]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

You will lose your hard-earned money or possibly your trading capital if you are greedy, therefore you must be extremely cautious, educated, and wise. If you want to succeed in the trading market, a word of advice would be to be focused, on time, consistent, continually monitor your business, and most importantly, put greediness to one side.

[cute nmp]

It takes time for one to be a good trader .Trading is not as simple as many people think so it will be better for one to start with a little capital to avoid loosing much when  starting out.One also need to learn as much and choose the strategy that best suits his trading style.

[Pamadar]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

[Inwestour]

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

[Compromise me]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

There is no risk in trading, we risk it because we make our emotional levels too high, because of which we feel risks.. It's all about your mindset in gaming. Which is 80% psychology and 20% skill. These conditions of technical analysis are helping to control our emotions and Los risk.
So in my option technical analysis is very very important for trading.First of all you need to know the technical analysis.Then  you can  avoid risk.

[Pamadar]

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

Indeed, without any learning from past mistake will only repeat itself, that can harm your finances.

It's needed to make sure that you learn from each trades and even you just use a small amount of starting capital
the important thing is that you are learning from your every trade participation.

Nothing can be succeeded if you are unable to manifest good knowledge with the business that you are taking, it will
just empty your savings. Learning is very important.

[Desscount]

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

Indeed, without any learning from past mistake will only repeat itself, that can harm your finances.

It's needed to make sure that you learn from each trades and even you just use a small amount of starting capital
the important thing is that you are learning from your every trade participation.

Nothing can be succeeded if you are unable to manifest good knowledge with the business that you are taking, it will
just empty your savings. Learning is very important.

It's a shame for sure when one doesn't learn from previous mistakes,
learning from mistakes for me is much more effective because we can know what to do not to repeat it,
focusing on learning is good for the long term.

[jossiel]

The main thing is not to make such mistakes as beginners.

Newbies are prone to mistakes and that's inevitable. Even if they don't want to make mistakes, they'll experience and learn from it. That's going to set them a foundation as they start.

This may not lead to the best results, so it is better to take this into account in advance. In addition, it is worth starting to work initially when you already have some experience.

It's expected that beginning won't give the best results, they take that and they learn from it. Because not everyone is good at the start, it takes time to be.

[usekevin]

Every exchange had their own advantages and disadvantages.Binance is one of the recommended exchanges by the most of the traders and experienced investors also use the Binance as compared to other exchanges.But binance also had the disadvantage of future trading part,if you use the future trading surely it will get all your invested money.Most the people who excited by the minor profit from future trading will get loss of huge money.Even many of my friends loss huge money from future trading.

[Ricardo11]

First, you need to gain knowledge about coins. Every coin you trade in should be researched and analyzed. No trading will guarantee you success. Never trade more money if you are not ready to lose your money. That is, invest as much money as you are prepared to lose. If you trade without skill, you will only lose your money. Before trading you must consult with an experienced trader. And when you trade you must do your trading market research.

[Tahid12]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

[Bushdark]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
 Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

[lunnatic]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
 Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

This is a big challenge for newbie traders because basically trading is so complicated,
much to be learned besides basic knowledge and skills,
besides that experience is also important and we can get it by trying.

[Kimonoe]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
 Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

This is a big challenge for newbie traders because basically trading is so complicated,
much to be learned besides basic knowledge and skills,
besides that experience is also important and we can get it by trying.

as a beginner, you must be thirsty to learn about trading, because there will be a lot of knowledge that can be absorbed from various sources. but basically will have the same core. including technical analysis, money management, and trading psychology. many are looking for the best technique for trading, but that is a wrong thought, instead psychology must be thickened to get consistent profits, but without leaving TA and money management

[irhact]

Every exchange had their own advantages and disadvantages.Binance is one of the recommended exchanges by the most of the traders and experienced investors also use the Binance as compared to other exchanges.But binance also had the disadvantage of future trading part,if you use the future trading surely it will get all your invested money.Most the people who excited by the minor profit from future trading will get loss of huge money.Even many of my friends loss huge money from future trading.

.

Future trading isn't a disadvantage on Binance exchange, future trading is an advance form of trading and only those that are experience in trading futures contracts should be trading them. If you're newbies and you decide to try it without any knowledge and lost, that doesn't make it a disadvantage instead that should be a wake-up call so you don't try things you don't understand. You can be trading with the spot market and still be making profits.

Newbies interested in trading can use Binance without any fear as they're one of the best exchanges in the market. One disadvantage they have is that they'll require you to undergo KYC before you can make use of their exchange but all centralized exchange do this.

[Huppercase]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

If you don't give it a try, you will never know what you don't know but first you must do it with proper management of funds, hence the reason why you always hear advance traders always advice the new traders to trade with risk management, they should not just jump and started trading by blindly following the trend. In addition to your claim, I don't think trading is a typical thing, if it is everyone will be doing it and there will be no one crying of loss and also telling newbie to stay away from it is very discouraging, its like telling them not to give it a try at all and if they don't they will never understand the market and how trading works.

[Pamadar]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

If you don't give it a try, you will never know what you don't know but first you must do it with proper management of funds, hence the reason why you always hear advance traders always advice the new traders to trade with risk management, they should not just jump and started trading by blindly following the trend. In addition to your claim, I don't think trading is a typical thing, if it is everyone will be doing it and there will be no one crying of loss and also telling newbie to stay away from it is very discouraging, its like telling them not to give it a try at all and if they don't they will never understand the market and how trading works.

Good point, you will never know until you try, but then again, you can use all advice as referrence.

Before stepping inside the market, make sure to have a basic understanding and knowledge in terms of money management,
it's your equipment while learning from the wild place of trading.

There is always a learning experienced and the fact that you need to know risk management is for you to handle all the pressure
and adjust when it's needed the most. Your money means your responsibility.

[ZAINmalik75]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?

Yeh it's looking great strategy for recovery but thier is no surity
That repeating such strategy will always give some green decent results, as because there are tons of new altCoins in Market which hasn't hit his All Time High a long time ago, so some time when you invest in any price dumped coin blindly in order to get some profit will damage your portfolio
Because such coins has simple motive firstly to get people attention for investment and then sell most of supply to get profit and done scam.
So the point is not every time coins will pump after your investment during dump, so to avoid such loses you should choose Bitcoin where you will get profit by investing at any possible price.
[/quote]

[RewFrew]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

As a newbie at first you need gather Knowledge about trading as a newbies. and you have to use a exchanger to trade smoothly. Coinbase is good but i think exchanger is best for newbies. And after that you need invest for trade. I think As a newbie you have to take small profits first like 5%-6%- 7% etc. After some days your Experience level will high and you will get more profit. So i want to tell all newbies please study more and more and gather knowledge about cryptocurrency market and trading you will be profited from this market today or tomorrow.

[Bitcoin_people]

First, you need to gain knowledge about coins. Every coin you trade in should be researched and analyzed. No trading will guarantee you success. Never trade more money if you are not ready to lose your money. That is, invest as much money as you are prepared to lose. If you trade without skill, you will only lose your money. Before trading you must consult with an experienced trader. And when you trade you must do your trading market research.

Of course first of all you need to know about trading before you know about coins you need to know about market first. When a trader goes to start a business for the first time, he must gain experience following various aspects of trading. In other words, a businessman should be highly skilled in all the things he should know in order to make a profit. If you know how to analyze the market, it is possible to be successful in trading, so it is very important to have knowledge about the market, otherwise you will never be able to move forward in business. Following the advice of an experienced and skilled investor or trader can lead to success in the future so it is important to fill these points before starting trading.

[shivansps]

As for me, for a start, it's not even bad. This is what trading is based on. Buy cheaper - sell more expensive - this is the base. But unfortunately not everything is so simple. It doesn't always work. Sometimes the coin falls and falls. Therefore, it is necessary to set a limit so as not to lose a lot of money. In other words, coins that lose value do not always return it later. There are many more things that you will have to deal with. To begin with, remember the most important thing - use only the money that you can afford to lose. Because without losses there is no profit.
And do not forget that most beginners who think that everything is actually easier than it seems - lose money. I wish you success

[Smartvirus]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating

It’s way much of an ambitious plan for a beginner.
The good news is, you’ve got a plan and trading with a plan is always a good way for a start, since you’ve hit a defined point where you would be satisfied with the profits you’ve got and that would in turn put your greed in check.
One fault in your plans though, you didn’t consider the possibility of loosing, even as a beginner of which you’re bound to make a lot of mistakes with no experience to help. As a beginner, you’re most likely going to have more loses than profits. Your only asylum would be you, trying out your practice trading days on a demo app.
That way, you can build certain approaches towards trading the market and do your best to keep to it. It’s what would save you from loses.

[shivansps]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Stay away from pump and dump games, you will regret it later.

I agree more if you start investing instead of taking advantage of the pump and dump situation on that altcoin. You should probably ignore it as much as possible because in most cases the trader will lose money because of it. But if you want to trade, then do your analysis on some good altcoin even if only for small profits.

I agree with you. This may work one or more times, but very soon you can lose money because of this strategy. You very correctly noted that you should first learn with small amounts of money, gain experience, knowledge, and then gradually increase the amount. What the author of the article writes about worries many beginners who think that everything is not so difficult) But this is a dangerous thought. Better not play the game pump and dump

[uswa56]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Stay away from pump and dump games, you will regret it later.

I agree more if you start investing instead of taking advantage of the pump and dump situation on that altcoin. You should probably ignore it as much as possible because in most cases the trader will lose money because of it. But if you want to trade, then do your analysis on some good altcoin even if only for small profits.

I agree with you. This may work one or more times, but very soon you can lose money because of this strategy. You very correctly noted that you should first learn with small amounts of money, gain experience, knowledge, and then gradually increase the amount. What the author of the article writes about worries many beginners who think that everything is not so difficult) But this is a dangerous thought. Better not play the game pump and dump

Everything really won't go the way we think, that's very risky in my opinion because we can never know whether a coin will be able to rise or not, so the possibility of loss is very big in my opinion if we only focus on pump and dump situations on certain altcoins
Precisely I think for beginners it's better to focus on top Altcoin trading, I think it will reduce the risk a little even though the percentage of profits is also small, we will be able to learn many things and get a lot of experience from trading the trades that we do.

[welshhana]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

You think quite right. But don't use much money, use only those you can afford to lose. Even with all the market predictions the market still remains unpredictable

[Mr. Magkaisa]

    -     It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.

With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn  agood result in the wnd.

[348Judah]

Being a newbie in trading, learning should be your first area of interest and if you're really good at it, you will not loose whatever you have invested on to trade and making mistakes will not be your weak point because you know what you're doing, maybe people are to relunctant to learning because of the demands involved, having the knowledge required is far better than making the investment because without the required basic knowledge on trading, all investment made will be waste because there won't be enough idea to secure them in times of challenges.

[Litzki1990]

Every exchange had their own advantages and disadvantages.Binance is one of the recommended exchanges by the most of the traders and experienced investors also use the Binance as compared to other exchanges.But binance also had the disadvantage of future trading part,if you use the future trading surely it will get all your invested money.Most the people who excited by the minor profit from future trading will get loss of huge money.Even many of my friends loss huge money from future trading.

If you think that you will always make profit by trading, then you are wrong because even if you trade by analyzing the market, you have to face losses at times but the chances of profit are more than losses. There are certain rules of trading and trading requires adequate education. I made an account in an exchange, deposited money and bought any coin and sold it again, this is not how trading is done. If you want to do trading, you must first know about trading and understand the market. Excessive anger, pride or emotions must be avoided in trading as they will act as your enemy. You must understand the importance of money before trading. Whenever you understand the importance of money, you will not take any wrong decision in trading.

[Pamadar]

    -     It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.

With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn  agood result in the wnd.

Learning from the experienced of other traders will give you an idea what you need to understand first before investing your money.

You are right, newcomers need to have basic knowledge regarding to this industry and know if
the personality they've got is fit to this kind of market, it's not about earning quick profits or an
idea that crypto is a good way to earn quick money. Instead, crypto might be the best place if you
wanted to lose your money.

[Jody.Drummer]

    -     It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.

With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn  agood result in the wnd.

Learning from the experienced of other traders will give you an idea what you need to understand first before investing your money.

You are right, newcomers need to have basic knowledge regarding to this industry and know if
the personality they've got is fit to this kind of market, it's not about earning quick profits or an
idea that crypto is a good way to earn quick money. Instead, crypto might be the best place if you
wanted to lose your money.

Well and besides that, we especially beginners can look for a lot of references to start trading properly, there are many who provide offline training today, but we must be able to find a mentor who is really real. I mean looking for mentors who are not just looking to profit from their members. many of them (beginners) have high expectations in the crypto world, they have seen a lot of other people's success there without them knowing the process. A person's personality is very influential on the running of the trading they do, those who have a person who is easily provoked will definitely get a lot of losses, I would say that because in trading it really involves psychology and emotions in it. If they get a market that does not match their predictions, chances are they will spend all their trading capital for one open position.

In trading a person must have full control in himself, do not let emotions control him because there will be many impacts they receive and generally they will experience MC.

[Justin999]

I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.

[fauzan Ichsan]

I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.

if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easy

[Pamadar]

I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.

if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easy

Learning to adopt with the market situation is something that you will learn along the way,

And I understand that newbie always have that temptation to trade in a daily manner, meaning to say that in each market movement
they wanted to execute their position, something that is really dangerous, as volatility will lead them to lose. There's always a good time
to adjust and learn, just earn it from each trades that you execute, win or lose. You should learn to enhance your knowledge.

[Hamphser]

I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.

if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easy

Learning to adopt with the market situation is something that you will learn along the way,

And I understand that newbie always have that temptation to trade in a daily manner, meaning to say that in each market movement
they wanted to execute their position, something that is really dangerous, as volatility will lead them to lose. There's always a good time
to adjust and learn, just earn it from each trades that you execute, win or lose. You should learn to enhance your knowledge.

Yes, you cant really be able to read it up with some ebooks or information that could be found on the internet since these things could really be acquired through real experience on which there are indeed things which

could really be solely learn on the time that you would really be making out such engagement on the current market or have to deal and make trades with it. Yes, its not really that bad on reading up with those theories yet this one would really be giving out that kind of familiarity on which it would really be just that so normal that we would really be having this kind of approach since its just always the basics.
Only fools would really be making out those immediate step knowing that they cant really just able to dive in without sufficient knowledge into it.

Trading is free for anyone, it is really just not that so simple for someone to be able to deal with specially on this market which is really that truly unpredictable and something that cant
really be able to sustain so easily. It would really be acquiring that knowledge and skills that you do gain up overtime.

[Fuso.hp]

The market will not move the way you planned. Right now the market is dumping 10% and you take the trade seeing that 10% dumping but after you take the trade the market goes down further and it is normal to see the volatility of the market and it is difficult to predict which direction the market will go. Instead of trading with the idea that the market will pump again after some dumping, you should understand the market and accept trading. First you need to know enough about trading, you need to have enough idea about every aspect of trading, then you need to use that idea and take trading at the right time by observing the market. If this is how you can trade then this plan or method will be more useful than what you have planned.

[Sebas.tian]

Anyone done something similar or will it just lead me to losing my money?

Yes, It will lead you to hate the strategy you are using at the moment and it will make you not to have interest in that particular coins in the market. Many Short traders has lost a huge amount of money from such strategy, because they believe if they buy when the price decrease to 10%, and hold until the price increase higher to 15% or 20% before they can sell to earn a little profits from the market. I will advice you to try and invest in Bitcoin and apply long holding , I believe it will help you to improve higher in profits making in your trading because Bitcoin is among the potential coin that can give you a huge amount of profits in future if you can endure with the market season.

[rojan]

First, you need to gain knowledge about coins. Every coin you trade in should be researched and analyzed. No trading will guarantee you success. Never trade more money if you are not ready to lose your money. That is, invest as much money as you are prepared to lose. If you trade without skill, you will only lose your money. Before trading you must consult with an experienced trader. And when you trade you must do your trading market research.

If someone is new to trading, he must start with an understanding of the trade. Before investing in any coin, he must think about how much money he can keep calm in case of loss.It is not right to invest with the idea that you will get money after investing. If you invest, you have to accept the profit and loss and invest. But for beginners, investing is a little difficult. There is a high risk of losing all the money due to some wrong decisions.