Are you a Bitcoin trader?

[The_FluffyBunny]

Around a week ago I started with experimenting on bitcoin trading.
First few days most of my analysis were correct but recently I made a couple bad trades that have vaporised my profits.
Admittedly I have to say that making a good trade really makes you feel pumped up.

I wonder how other traders started off when they first got into Bitcoin trading.

Where and how did you start trading?
How did it go at first and what has been your learning curve?
Got tips for new traders?
...

Would appreciate if you share your opinion.
Thanks!  

[tokeweed]

tip:  keep losses small. 

[Meuh6879]

buy low
sell high

11%

[Madness]

Around a week ago I started with experimenting on bitcoin trading.
First few days most of my analysis were correct but recently I made a couple bad trades that have vaporised my profits.
Admittedly I have to say that making a good trade really makes you feel pumped up.

I wonder how other traders started off when they first got into Bitcoin trading.

Where and how did you start trading?
How did it go at first and what has been your learning curve?
Got tips for new traders?
...

Would appreciate if you share your opinion.
Thanks!  

first time I knew bitcoin was via YouTube , was watching some videos till I got on a bitcoin video , found it interessting so I decided to learn more about it and here I'am .. joined the the BTC community .
my first Bitcoins was from selling digital goods but I never used Exchange websites to trade my BTC . I  was always using forums to do that (basically with currency exchange sub forums on them)

for the Tip I would say : Play it smart , don't rush because bitcoin is a long term investement. and keep your losses small like tokeweed said

[The_FluffyBunny]

Thanks for the reactions!

I agree that riskmanagement is an important aspect of trading.
Although this is easier said then done, as in the case when you are doing a big trade.

Set a strategy before executing a trade.
I'd say this includes the goal but also the price where you need to step out when things go downwards.

[Meuh6879]

other hint with bitcoin : stay long ... see month instead of day.

[findftp]

Around a week ago I started with experimenting on bitcoin trading.
First few days most of my analysis were correct but recently I made a couple bad trades that have vaporised my profits.
Admittedly I have to say that making a good trade really makes you feel pumped up.

I wonder how other traders started off when they first got into Bitcoin trading.

Where and how did you start trading?
How did it go at first and what has been your learning curve?
Got tips for new traders?

History doesn't repeat but rhyme instead.
Look back and don't panic.

Oh, and try to trade like a machine, get rid of fear and other emotions.

[Madness]

Thanks for the reactions!

I agree that riskmanagement is an important aspect of trading.
Although this is easier said then done, as in the case when you are doing a big trade.

Set a strategy before executing a trade.
I'd say this includes the goal but also the price where you need to step out when things go downwards.

Yeah it may be a little bit hard or even a lot ... to keep losses very low but that's how it works . First of all a trader shouldn't get Gambling addiction otherwise he is screwed . that's why they should play it smart, wait for a good moment to buy check charts etc ... even if it's hard to predict bitcoin price .. once you buy just hold it and be patient

[bakedrice]

it's not about winning, it's all about not losing.

[caga]

other hint with bitcoin : stay long ... see month instead of day.

Well the past fw days have been volatile for btc price, so day trading is also profitable.

[findftp]

it's not about winning, it's all about not losing.

That's called hodl (not losing).
If you want to win (increase coin count) you have to get them coins moving.

[Elwar]

Don't trade. Convert.

I lost about half of my initial 800 bitcoins when I first started by doing daytrading.

There is a saying when it comes to poker. If you sit down at the table and you do not see the fish, you're the fish.

Do you see the fish to take advantage of when trading?

[98problems]

it's not about winning, it's all about not losing.

This strategy will not work if you are using any kind of leverage. If you use leverage then you will need to pay interest on the amount borrowed be it either fiat for a long position or bitcoin for a short one. If you simply "don't lose" then you will be loosing money

[ruggedman_dan]

Don't trade. Convert.

I lost about half of my initial 800 bitcoins when I first started by doing daytrading.

There is a saying when it comes to poker. If you sit down at the table and you do not see the fish, you're the fish.

Do you see the fish to take advantage of when trading?

+1 on this. Damn good use of that quote. Was that a Doyle Brunson quote?

[Hazir]

Don't trade. Convert.

I lost about half of my initial 800 bitcoins when I first started by doing daytrading.

There is a saying when it comes to poker. If you sit down at the table and you do not see the fish, you're the fish.

Do you see the fish to take advantage of when trading?

+1 on this. Damn good use of that quote. Was that a Doyle Brunson quote?

Did you see that fish when bitcoin collapsed week ago? Because some things are really hard to foresee. Even if you are an expert.

[VERUMinNUMERIS]

This is all wall street manipulation so impossible to predict day to day.  Be careful trading on margin.  It's a trap.  Especially the Chinese 20x lure.

[findftp]

This is all wall street manipulation so impossible to predict day to day.  Be careful trading on margin.  It's a trap.  Especially the Chinese 20x lure.

With all respect, but people who do not understand the game usually say it's rigged or manipulated.
When people win, they say it's because they are smart and the rest is stupid.

[Nrcewker]

there is no new tips.

[miaoux]

When I first started trading, I learned a lot of technical stuff from listening to / participating in bitcoin trading forums and watching youtube videos.
While he's no longer trading, listening to / watching bonavest's vids are an excellent place to start.

Learning the market / trading will always cost you. That's the beginner fee

[Dread Pirate Roberts]

who can pump and dump its people who have technique to manipulate market and have big capital .