lixer
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February 15, 2024, 01:26:52 AM |
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There is a better way than asking others for trading strategies. Crypto exchanges offer copy-trading features that can be used to copy any professional trader's trading activity by giving them a small commission. This is the most convenient way for non-professional traders to earn some money from trading where you don't even need to spend your time finding the best entry. Asking people about their trading strategy won't help you much because if anyone is having success with their trade setup, he won't share his strategy with anyone.
I have never tried it or done any research about it, so I'm not completely sure if copy-trading is profitable or not and whether the people whose trades you will be copying are dependable or not. However, I believe one shouldn't rely on someone else even if the whole process is being managed by the exchange platform itself and you aren't doing things manually, it's still better if you learn trading yourself and then do your trades yourself so that you know what you are trading and what actions you should take at each interval. People who copy trades or join signal groups so that they don't need to do research and analysis themselves will not be able to continue their trading activities for very long because such services are not always reliable and there will be a time when you will be lost because you won't be able to get such services anymore and then if you don't know anything yourself, you will have to stop trading due to a lack of knowledge.
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Out of mind
Sr. Member
Offline
Activity: 630
Merit: 312
I like to treat everyone as a friend 🔹
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February 15, 2024, 03:40:33 AM |
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Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
Trading is a place where you can never succeed if you don't take risks. You should always control yourself before trading, you should not be emotional, you should also analyze the market and you should organize everything well. You always have to start trading with patience otherwise you may face loss at any time and also don't be emotional but you have to be patient. You have to accept that you can experience volatility in the market at any time or you will never succeed in trading. To start trading you need to have enough money. If you start trading with little money and you lose it, you will be emotional, so you need enough money. And start trading with some money from what money you have otherwise you can lose everything so always plan well.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Mahanton
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February 15, 2024, 05:17:36 AM |
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There is a better way than asking others for trading strategies. Crypto exchanges offer copy-trading features that can be used to copy any professional trader's trading activity by giving them a small commission. This is the most convenient way for non-professional traders to earn some money from trading where you don't even need to spend your time finding the best entry. Asking people about their trading strategy won't help you much because if anyone is having success with their trade setup, he won't share his strategy with anyone.
I have never tried it or done any research about it, so I'm not completely sure if copy-trading is profitable or not and whether the people whose trades you will be copying are dependable or not. However, I believe one shouldn't rely on someone else even if the whole process is being managed by the exchange platform itself and you aren't doing things manually, it's still better if you learn trading yourself and then do your trades yourself so that you know what you are trading and what actions you should take at each interval. People who copy trades or join signal groups so that they don't need to do research and analysis themselves will not be able to continue their trading activities for very long because such services are not always reliable and there will be a time when you will be lost because you won't be able to get such services anymore and then if you don't know anything yourself, you will have to stop trading due to a lack of knowledge. Same here, i didnt have any experience on using up copy trading on which i never intend on doing so in the first place which we know that it was never been that ideal on doing so. Somewhat i have known some of my friends or colleagues did really have this kind of consideration on making some copy trades. They were saying that they would really be just simply sticking into those traders who do have that good or huge PNL and viola they good to go. Yes, you can make money on that sense but when it comes or talks about the overall knowledge and skills then this is something that you would really be lacking on which in the sense when it comes to skills and experience. So it would be that on personal choice whether you would really be sticking into this kind of method or would really be that changing up your own methods or ways on learning or dealing up with trading. This isnt something that you could really be able to push on each person when it comes into this aspect.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Wind_FURY
Legendary
Offline
Activity: 3094
Merit: 1929
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February 15, 2024, 02:12:13 PM |
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Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
Trading is a place where you can never succeed if you don't take risks. You should always control yourself before trading, you should not be emotional, you should also analyze the market and you should organize everything well. You always have to start trading with patience otherwise you may face loss at any time and also don't be emotional but you have to be patient. You have to accept that you can experience volatility in the market at any time or you will never succeed in trading. To start trading you need to have enough money. If you start trading with little money and you lose it, you will be emotional, so you need enough money. And start trading with some money from what money you have otherwise you can lose everything so always plan well. That depends on what kind of "risk" the person is taking. Because if he or she is taking risks on the most stupid shitcoin anyone could find in the internet without DYOR, then he/she truly deserves to lose his/her money. I'm Bitcoin-only, but I know that there might be other coins that might also be good HODLs that could perform better than Bitcoin, BUT those should be the kind of coins that have skilled and trustworthy developers behind them. As an illustration on my conviction towards Bitcoin, if Bitcoin was hard forked away from the Core Developers, I might start looking for the door out.
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Questat
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February 16, 2024, 08:02:07 AM |
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When I started trading without having any experience in trading, I did not know panic and lost a lot of money. But now I understand in trading you really need to be patient, don't panic when the price falls. This is a bright time for investment where you collect top market caps in preparation for a bullish market. Investing at this time will be the best investment in the future so it can be a better way than trading.
Often happens that most of us commit mistakes first before learning. We could say that this should never happen but we neglect to think about it at first because what is in our mind is that trading is easy and we get overwhelmed once suffer losses and open our minds to such a learning experience. We lose but somehow, it opens some doors of learning. Maybe I was wrong but in this trading life, nobody had made a perfect start but all have faced challenges and even lost big amounts. Therefore, I must say that don't start with a huge amount, let us try the minimum and familiarize the market as it will not hurt if we lose it. Because that amount is part of the learning process which is most probably it loss rather than seeing it multiply.
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Wind_FURY
Legendary
Offline
Activity: 3094
Merit: 1929
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February 16, 2024, 02:58:21 PM |
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When I started trading without having any experience in trading, I did not know panic and lost a lot of money. But now I understand in trading you really need to be patient, don't panic when the price falls. This is a bright time for investment where you collect top market caps in preparation for a bullish market. Investing at this time will be the best investment in the future so it can be a better way than trading.
Often happens that most of us commit mistakes first before learning. We could say that this should never happen but we neglect to think about it at first because what is in our mind is that trading is easy and we get overwhelmed once suffer losses and open our minds to such a learning experience. We lose but somehow, it opens some doors of learning. Maybe I was wrong but in this trading life, nobody had made a perfect start but all have faced challenges and even lost big amounts. Therefore, I must say that don't start with a huge amount, let us try the minimum and familiarize the market as it will not hurt if we lose it. Because that amount is part of the learning process which is most probably it loss rather than seeing it multiply. But for plebs like us, those mistakes will absolutely be very expensive mistakes because our capital is limited. Plus to most of us, we literally can't afford to make mistakes because it would many times take months to recover the capital through a regular person's salary. BUY AND HODL Bitcoin! That's not hard! That's definitely the investment strategy that would make the most minimal of mistakes!
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Julien_Olynpic
Legendary
Offline
Activity: 2618
Merit: 3613
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February 17, 2024, 05:31:37 AM Merited by Smartprofit (1) |
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I would say the strategies I use are: 1. Switch to longer time frames. Day trading can be fun, but there are generally very few patterns that you as a trader can exploit. 2. Focus on technical analysis. Of course, you need to look at fundamental metrics, but, in my opinion, technical analysis is more important. 3. I use Elliott theory. I consider this theory to be the most successful in predicting prices. 4. Additional well-known indicators such as RSI, MACD are of auxiliary value. Using them, I determine price divergences and convergences with a technical indicator. 5. You need to look not only at the Bitcoin chart, but also compare it with altcoins from the top 100. As a rule, there is some kind of correlation there. This correlation can be further refined through the Bitcoin Dominance Index. 6. Monitor the Fed's monetary policy. It is very important.
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Mehedi72
Full Member
Offline
Activity: 760
Merit: 109
PredX - AI-Powered Prediction Market
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February 17, 2024, 01:04:33 PM |
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Trading is risky. Don't think you'll always make profit in trading but build a mentality that you also can lose, even lose a larget amount if you can't control and learn proper management. So choice good exchange, good coins, budget your fund what you can afford and its better to go spot trading. Future trading with leverage, could be risky. It'll drain your fund so fast. Don't go there without true signs of what js going to happened in next. Fundamental analysis is easy. Try to learn moving averages, relative strength index (RSI), Bollinger Bands for better analysis. And without patient, nothing will be gained.
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YOSHIE
Legendary
Offline
Activity: 2282
Merit: 1785
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February 17, 2024, 02:20:22 PM |
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Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others.
Margin, futures and spot, these three trading methods are factors that are often used by many people, all of us here have our own strategies in crypto trading, these are normal actions, analysis, market conditions are normal. For that reason, for me personally, the trading that I often do is spot, it can be daily, weekly or monthly, the point is that I look at and analyze the market when doing spot trading, I enjoy all the benefits in spot trading.
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Smartprofit
Legendary
Offline
Activity: 2520
Merit: 1944
There are no holidays in the school of life
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February 17, 2024, 03:10:02 PM |
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Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
It is a fairly well-known fact that the price of Bitcoin is rising over the long term. In a relatively short period of time, the price of the first cryptocurrency can double or even triple. Purchasing NFTs, tokens and active cryptocurrency alternatives involves significant risk. It is much safer to buy Bitcoins. At the same time, you can sell part of your reserves at peak prices and buy during corrections. This will allow you to significantly increase your capital over time. This is a fairly conservative trading strategy. However, it requires significant initial capital. At the same time, this strategy is very effective and quite easy to use.
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RockBell
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February 17, 2024, 03:37:14 PM |
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Trading is risky. Don't think you'll always make profit in trading but build a mentality that you also can lose, even lose a larget amount if you can't control and learn proper management. So choice good exchange, good coins, budget your fund what you can afford and its better to go spot trading. Future trading with leverage, could be risky. It'll drain your fund so fast. Don't go there without true signs of what js going to happened in next. Fundamental analysis is easy. Try to learn moving averages, relative strength index (RSI), Bollinger Bands for better analysis. And without patient, nothing will be gained.
if your mentality is prepared against what is supposed to be encountered then you won't have much of a problem in the future, as a trader, you need to have a map and a strategy because with this economy using your local currency to buy it is a big challenge because of a very big variation in currency, but if you have that one sorted out then from their knowledge can come after because without the purchasing power then the knowledge will be a waste. You even manage your assets just because you lack that knowledge even if you buy from an exchange you can transfer it back to your wallet it is better and safer that way, that is for holding,l and those who want to trade are supposed to trade with caution using the right leverage to be able to reduce risk, and that is why trading needs a lot of attention before you go into its not something you will just do without giving it attention.
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Silberman
Legendary
Offline
Activity: 2688
Merit: 1374
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February 20, 2024, 07:43:08 AM |
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When I started trading without having any experience in trading, I did not know panic and lost a lot of money. But now I understand in trading you really need to be patient, don't panic when the price falls. This is a bright time for investment where you collect top market caps in preparation for a bullish market. Investing at this time will be the best investment in the future so it can be a better way than trading.
Often happens that most of us commit mistakes first before learning. We could say that this should never happen but we neglect to think about it at first because what is in our mind is that trading is easy and we get overwhelmed once suffer losses and open our minds to such a learning experience. We lose but somehow, it opens some doors of learning. Maybe I was wrong but in this trading life, nobody had made a perfect start but all have faced challenges and even lost big amounts. Therefore, I must say that don't start with a huge amount, let us try the minimum and familiarize the market as it will not hurt if we lose it. Because that amount is part of the learning process which is most probably it loss rather than seeing it multiply. This is a simple step and yet it is often neglected, losses are inevitable and since this is the case then we need to take as many precautions as we can and find ways to reduce them as well, and one very simple step that can be taken is to use a very small amount of money to trade early on, as in this way even if a trader makes many mistakes, those mistakes are not going to be grave enough to affect your ability to trade on the future.
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Gormicsta
Member
Offline
Activity: 168
Merit: 77
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March 08, 2024, 01:14:06 PM |
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Flexibility is necessary for adjusting your trading strategy according to changing market circumstances. Consider fluctuations in the markets, quantity, and recent developments that may affect the market.
Continue learning: Keep up with the newest news and trends, and don't be afraid to explore new methods or products.
Technology is your friend. Use trading tools and technology to help you make informed decisions and track the market in real time.
The handling of risks: Always assess your risk tolerance and control it using tactics such as stop losses and position sizing. So, with all of this, we can't afford to lose much money on our trades.
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Peanutswar
Legendary
Offline
Activity: 1722
Merit: 1303
Top Crypto Casino
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March 08, 2024, 02:11:01 PM |
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I trade most likely with the use of the Isolated trades so i can prevent losing my money even though it has a higher chance close to liquidation still this is ideal to make a trade and not burn all of your assets, also every trade I have just a 40 percent of it I will trade for every position, could be a long term holding with the open position, still currently using basic trading, analyze the market, understand the price movement, check the news and make a plot for the possible position and one of the most important is setting a stop loss and take profit.
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adpinbr
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March 08, 2024, 07:45:28 PM |
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One of the most trading strategy I can easily tell you is patient, not being greedy, focus, and learn more and know how to take the risk is not just about ending or losing you don’t have to be comfortable if you’re losing any sometimes you just have to know the reason why you are even ending and the reason why you are even losing most times are usually believe that following news, consigning, coins and bitcoin it’s really really important because bitcoin affect 90% of the coins.
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Distinctin
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March 08, 2024, 11:11:02 PM |
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One of the most trading strategy I can easily tell you is patient, not being greedy, focus, and learn more and know how to take the risk is not just about ending or losing you don’t have to be comfortable if you’re losing any sometimes you just have to know the reason why you are even ending and the reason why you are even losing most times are usually believe that following news, consigning, coins and bitcoin it’s really really important because bitcoin affect 90% of the coins.
Having the right amount of patience will make you achieve far with trading. But do not forget to learn also the basics in trading and develop your skills and strategies that suit your trading style. Experience is a must as well, if you don’t have good amount of experience in the market, you will end up at a losing trade. Greed is also what makes everyone lose in trading. There are those traders who even use leverage just to achieve bigger size of their income, but we all know using leverage without expertise in the market will make us more prone to losses instead. Just trade without greed and trade on what you can only afford of losing.
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Bushdark
Sr. Member
Offline
Activity: 1050
Merit: 262
Vave.com - Crypto Casino
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March 08, 2024, 11:24:58 PM |
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Trading is risky. Don't think you'll always make profit in trading but build a mentality that you also can lose, even lose a larget amount if you can't control and learn proper management. So choice good exchange, good coins, budget your fund what you can afford and its better to go spot trading. Future trading with leverage, could be risky. It'll drain your fund so fast. Don't go there without true signs of what js going to happened in next. Fundamental analysis is easy. Try to learn moving averages, relative strength index (RSI), Bollinger Bands for better analysis. And without patient, nothing will be gained.
For me to trade in the market, I mostly use the fundamentals to trade which is one of the ways I've been making profits. To be consistent in making profits in the crypto market, we have to be ready to face it and everything it would entails so that we can keep winning and earning without stress. Fundamental is a good way to make free money than depending on moving averages and technical analysis.
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