Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: amzexpert on November 04, 2021, 03:28:05 AM
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always Know that when you have to Stop Trading.
I think that these Rules will help you for Trading.
-
You have highlighted a good point but using point and number would make it more presentable and accurate. Your findings are good but you should know that paper discussion is different from reality, that's why majority of the traders tend to forget all the advice they do gather here when they joined the rest of the traders in the market.
Never invest in what you cannot afford to loose is very important but should also no that fundamental analysis outshine technical especially in bull run. You can get hop on good alts and when the fundamentals is string enough, you can easily get 10x with out stress and the opposite may also happened in bear market.
So trade with caution
-
You have highlighted a good point but using point and number would make it more presentable and accurate. Your findings are good but you should know that paper discussion is different from reality, that's why majority of the traders tend to forget all the advice they do gather here when they joined the rest of the traders in the market.
Never invest in what you cannot afford to loose is very important but should also no that fundamental analysis outshine technical especially in bull run. You can get hop on good alts and when the fundamentals is string enough, you can easily get 10x with out stress and the opposite may also happened in bear market.
So trade with caution
Thanks for your Advise. I will keep your words in my Mind. And I will be careful Next Time. Thanks.
-
snip
Thanks for your Advise. I will keep your words in my Mind. And I will be careful Next Time. Thanks.
You are welcome buddy.
Another thing you might want to consider, try and watch some YouTube videos of trading, they help sometimes.
They might not be of useful at that particular time but trust me, no technical analysis is useless, you will one day look for them.
-
Very important information for new and all traders. I think thats rules are very helpful for traders. If anyone can follow this rules he will be benefited from trading. I think everyone can follow this fantastic rules. I also think for good trading every traders need to more analysis for it. Technical analysis, financial analyses and money management are very important for trading.
-
We must follow certain rules to trade. In order to trade, everyone needs to have an idea about cryptocurrencies and markets. But in order to trade, I will give priority to patients, ability and knowledge.
-
We must follow certain rules to trade. In order to trade, everyone needs to have an idea about cryptocurrencies and markets. But in order to trade, I will give priority to patients, ability and knowledge.
Rules are rules and subjective to the situation of trades. A chart may say you go long but market sentiment may say otherwise, and vice versa if you go short position.
Haven't you see a situation of market where everyone becomes bearish and all of a sudden, it pumps back to where you don't expect, hence that's the power of fundamental analysis, it do more wonder than you expected that's why rule are sometimes subjective to market condition.
-
Yes exactly, those rules really help us to manage ourselves in order not to be greedy and panic when trading.
because trading is very risky and we must be ready for everything.
If we are not ready with the risks, we can leave and stay away from this trading.
-
The rules in trading are really useful. Although if you are not used to some it will be difficult to do, but if you are used to the rules, you will feel the goodness yourself. In the midst of a volatile market there is still a gap to break through this rule. Therefore you will get profit after breaking through the market. This is just an illusion, but the content inside is real.
-
Learning to trade Cryptocurrency so that we can quickly make a profit is not easy, and it cannot be done in a short time.
Indeed, the points mentioned above can be used as guidelines, but for my experience, the long time we have been in Crypto trading can provide high trading knowledge.
Because in this Crypto trading, I think there is a luck factor that will make us get big profits.
-
I especially like this "Never lose your Patience" in your recommendations, because there are times when the market goes down and you just take and sell in the negative, and immediately the coin grows, and this often happens, patience is the most important thing in trading.
-
I especially like this "Never lose your Patience" in your recommendations, because there are times when the market goes down and you just take and sell in the negative, and immediately the coin grows, and this often happens, patience is the most important thing in trading.
MOST BASIC DEFINITION ever. But I want to add one more thing,always chase market trends for me is another option. Current meta is play2earns and I was investing on $LFW token just because that,I made serious profits so thats a main reason why market trend is also important while investing. If NFT's are going to integrate on gaming,it will be amazing.
-
Exactly I agree with the rules of the rules. Especially in the number one point mentioned, namely patience, this is very important and is often forgotten by many traders. Not forgetting but they can no longer stand the situation they are in. It was a pity to see their previous struggles crumble just because their patience line ran out. In trading you should not set the limit of patience, continue to be patient until it makes things better.
-
The general trading rule in my opinion is that you have to be patient and don't be too greedy because usually when the pump doesn't sell, they wait for the price to go higher but the result is that the price collapses again and regrets not selling it when the price is high because of its greed.
-
These are the things which are good to be successful in trading exactly what you say. The main and foremost thing in trading is about the education that in which you are to be taking part is easy or not. If you have command on your struggle and are able to achieve what you want then surely this is better decision to be a user of that project. Analyze about the project team , rules and other thing which are helpful for success then start it.
-
Yes i appreciate you will share good information and rules about trading, if trader losing his patience then he will make a wrong decisions and put his assets in lose...
-
The best to follow when doing crypto trading is to never miss the project news and there next move which really important and decide how much you have to hold or have to move on.
-
thanks for your advice I agree with you you give a a best point to trade in cryptocurrency but I have to add one more thing here year which is you have to to book your profit 50% aur what you invest in coin when price go up that is also so important
-
These are great rules and advice for every trader, if they trade with following these rules hope he will become successful trader. Trade with patients and minimum risk which you can easy catch...
-
These are great rules and advice for every trader, if they trade with following these rules hope he will become successful trader. Trade with patients and minimum risk which you can easy catch...
that's true, it's good rule and advice from OP.
Thank for OP, I think we all as trader should read this advice and can learn before become professional trader.
-
best trading rules alwas book your profit and if price go down dont panic sell kepp hold what you have and alws invest in project whith your own research
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always know that when you have to Stop Trading.
I think that these Rules will help you with Trading.
Thanks for your points for trading the crypto market. Another point is to be consistent. When you are consistent you master the market.
-
For me most solid strategy is finding quality projects as early as possible. For example VALK has solid idea and I believe it's always offering huge profits if early investment done.
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always Know that when you have to Stop Trading.
I think that these Rules will help you for Trading.
You have mentioned all the good point which are really need to follow on trade .I need to tell about something patience what we all loose easily .Just remember if we loose our patience we may loose our valuable asset and sell it on low price .Most of the time it is really happen with us when we see a huge drop from the market we started to be panicked and sell everything what we have .I wanna suggest and one more thing that we have to invest on top project it will help us to avoid the huge loss and even we hold our patience it will surely give us a good return certainty for long term .The example is our hand we have sold our valuable asset on 2017 and after that what has happened with the market it has boom and he has become rich who did hold their fund .So don't be patient-less if really we wanna make profit her .
-
Dont trade daily at crypto market , it's not like forex or stocks , its high fluctuate
regards
-
Those all rules are very good trading rules. We can be successful or not mostly influenced by these rules. However sometimes, theory is a theory, rules are rules. Many people sometimes know the rules, but they are not on it. They may lose their patience, be too greedy, panic too much, and many more. the
-
Study every day
Read news every day
Be patient
Never forget about high risk level
Diversification
Don't invest all your money
-
of all the rules you mentioned I think the most important thing to control is patience, because with patience you will have the potential to get a lot of profit, as happened when you could buy bitcoin in 2010 and you can patiently wait it will become someone wealthy.
-
of all the rules you mentioned I think the most important thing to control is patience, because with patience you will have the potential to get a lot of profit, as happened when you could buy bitcoin in 2010 and you can patiently wait it will become someone wealthy.
I agree with this, patience is virtue.
We must can manage our emotion when market is going down.
The main key as trader and investors are don't be panic and be patient.
But there is problem, if you needs your money, we couldn't be patient, because must to fulfill our needs.
-
of all the rules you mentioned I think the most important thing to control is patience, because with patience you will have the potential to get a lot of profit, as happened when you could buy bitcoin in 2010 and you can patiently wait it will become someone wealthy.
I agree with this, patience is virtue.
We must can manage our emotion when market is going down.
The main key as trader and investors are don't be panic and be patient.
But there is problem, if you needs your money, we couldn't be patient, because must to fulfill our needs.
Trading is how to manage your funds
Be patient when dump and always manage your emotion.
Learning by doing and get experience from your trading.
-
Yes exactly they are very common lessons and also advises about trading that we must have at least.
Additionally, it will be also:
Don't trade based on hype
- Don't trade everything that you don't know or understand
- Don't follow others, because others may be better in knowledge and everything than you, but you are new and only expect to be successful as others.
- learn and learn, about many things, about fund manageemnt, risk, and also tardiing tsrategy,. and others
-
Yes exactly they are very common lessons and also advises about trading that we must have at least.
Additionally, it will be also:
Don't trade based on hype
- Don't trade everything that you don't know or understand
- Don't follow others, because others may be better in knowledge and everything than you, but you are new and only expect to be successful as others.
- learn and learn, about many things, about fund manageemnt, risk, and also tardiing tsrategy,. and others
Yeah, learn is the main key if you want to be professional trader.
Know well the coin that you invest.
Because trading need knowledge and learn the chart.
I personally still learn about crypto and always learn.
-
Yes exactly they are very common lessons and also advises about trading that we must have at least.
Additionally, it will be also:
Don't trade based on hype
- Don't trade everything that you don't know or understand
- Don't follow others, because others may be better in knowledge and everything than you, but you are new and only expect to be successful as others.
- learn and learn, about many things, about fund manageemnt, risk, and also tardiing tsrategy,. and others
For beginners starting this is very difficult, because most of them want to get profits in an instant way. But if we can implement it this is a great thing, and only serious people will do it. Experience is needed here.
-
For beginners starting this is very difficult, because most of them want to get profits in an instant way. But if we can implement it this is a great thing, and only serious people will do it. Experience is needed here.
The beginner should learn more to gain knowledge and experience.
I think It will take more 3 years, You will be professional trader or investor.
I'm still noob, So always learning and read many update news and coins.
Because not easy to get knowledge in crypto currency, Sometimes loss.
-
Well, that's really good. The advice is applicable enough and we must not be greedy. Greedy can ruin our dream and goals, many people are bankrupt in crypto because of greed. I think greed is one of the biggest problems that we need to avoid and be careful about it. I always remind myself to not be greedy because there are already many people be the victims.
-
Well, that's really good. The advice is applicable enough and we must not be greedy. Greedy can ruin our dream and goals, many people are bankrupt in crypto because of greed. I think greed is one of the biggest problems that we need to avoid and be careful about it. I always remind myself to not be greedy because there are already many people be the victims.
Agree with your we must be careful , don't be greedy.
We will lost almost if greedy.
But to manage our emotional needs experience and knowledge.
Learn the market and know the coins which you choose.
-
I especially like this "Never lose your Patience" in your recommendations, because there are times when the market goes down and you just take and sell in the negative, and immediately the coin grows, and this often happens, patience is the most important thing in trading.
Yeah, I also agree with this advice. Never loss your patience.
We must always keep calm when the market is going down.
Like current market is bearish, We just keep patience and wait.
-
I especially like this "Never lose your Patience" in your recommendations, because there are times when the market goes down and you just take and sell in the negative, and immediately the coin grows, and this often happens, patience is the most important thing in trading.
Yeah, I also agree with this advice. Never loss your patience.
We must always keep calm when the market is going down.
Like current market is bearish, We just keep patience and wait.
At bearish season, I think we can get profit from volatile.
Keep calm and wait, if you have free money.
I'm just a small trader, always do daily trading to get profit.
Hold for long term, I didn't like that.
-
I am agree with you and thanks for sharing this informative post, trading is not a simple thing which you can learn easily and apply same pattern but you need to gain knowledge and always be patient when you trade , if you got panic then there is a chance for losing your assets ..
-
I am agree with you and thanks for sharing this informative post, trading is not a simple thing which you can learn easily and apply same pattern but you need to gain knowledge and always be patient when you trade , if you got panic then there is a chance for losing your assets ..
Yeah, we should have good management of emotional, when we do trading.
Not easy to professional as many people here said.
We must learning to get experience and also knowledge about crypto trading.
It will take long years. I think.
-
-Never be greedy for profit
I'm sure you forgot this rule, actually this is a point that I always use in trading, because I often lose because of my own greed. and I don't want to do it again. just want to trade with a small consistent profit. I'm sure you also agree with me.
-
-Never be greedy for profit
I'm sure you forgot this rule, actually this is a point that I always use in trading, because I often lose because of my own greed. and I don't want to do it again. just want to trade with a small consistent profit. I'm sure you also agree with me.
Me too, I also agree with this.
Never greedy, but as human we always have this feeling.
I also several time lost because greedy.
Buy low, market pump, but I still hold.
then market dump, I lost alot
we must always learn about this condition.
Trading is not easy to manage emotional and It always good experience to manage fund.
-
We do not have a lot of risk in trading if we know the basics like how the market works and what impact news has on it. Also how the trading algorithm works so we should learn this some basic thing then we won't have any risk.
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always Know that when you have to Stop Trading.
I think that these Rules will help you for Trading.
Your advise was absolutely correct, but to be honest the majority of the community here in the cryptocurrency don't know these all actually. Most of them are only after for the profit though it was one of the main reason in doing trade but the right things and not the right things they don't know about it. So, I support your tips here anyway.
-
-
A strong mentality that is able to describe the value of each of these points because if you are not mentally strong then all the ideas from this OP will be scattered and no longer able to get up and trade with existing cryptocurrencies and this certainly has a super good advantage for ourselves and our assets also on various exchange accounts.
Unfortunately for the owner of this mentality, it is really very difficult to have it because a strong mentality to be able to trade in cryptocurrencies sometimes makes us confused and indecisive about market conditions that change all the time.
-
If your trading just pay attention to the RSI, KDJ, and MACD, along with bollinger bands before putting in your order
Use different time frames to get a better idea of what’s happening with price action
If your not trading then it doesn’t matter, just buy, DCA and hold
-
If your trading just pay attention to the RSI, KDJ, and MACD, along with bollinger bands before putting in your order
Use different time frames to get a better idea of what’s happening with price action
If your not trading then it doesn’t matter, just buy, DCA and hold
I'm not trader, just buy and sell on exchanger.
But sometimes hold for several months to reduce loss
Because floating loss condition.
I'm holder, yeah hold for long term.
One year or two year, But I always hold top coins, because I didn't take the big risk.
Crypto is unpredictable, Invest in crypto is managing our funds
-
If your trading just pay attention to the RSI, KDJ, and MACD, along with bollinger bands before putting in your order
Use different time frames to get a better idea of what’s happening with price action
If your not trading then it doesn’t matter, just buy, DCA and hold
I'm not trader, just buy and sell on exchanger.
But sometimes hold for several months to reduce loss
Because floating loss condition.
I'm holder, yeah hold for long term.
One year or two year, But I always hold top coins, because I didn't take the big risk.
Crypto is unpredictable, Invest in crypto is managing our funds
I'm also holder but sometimes do trading when I have free time to do.
I'm quite busy in my real life , but I want to gain income from crypto currency.
It's good to do trading and also holding.
I don't have best ruler in trading, just follow my instinct and researching.
-
snip
Thanks for your Advise. I will keep your words in my Mind. And I will be careful Next Time. Thanks.
You are welcome buddy.
Another thing you might want to consider, try and watch some YouTube videos of trading, they help sometimes.
They might not be of useful at that particular time but trust me, no technical analysis is useless, you will one day look for them.
Most of the trading related video from youtube is full of shit which have very little use or very basic. Also many think that taking right timing entry makes a trader professional but the fact is proper money management makes a pro trader different from others. But 99% people do not talk about how to create a proper money management.
-
I'm also holder but sometimes do trading when I have free time to do.
I'm quite busy in my real life , but I want to gain income from crypto currency.
It's good to do trading and also holding.
I don't have best ruler in trading, just follow my instinct and researching.
Trader and holder are good to gain profit in crypto currency.
I did both.
Yeah, Im busy in my life too.
Because I have to manage my employment and didn't have free time to do day trading. Just spend my spare time to do it.
Im not professional trader, So I don't know about best traisng rules ever. Just learn the chart, and set the target. that's all.
-
You miss another points here. Do not over trade. Sometimes trading becomes a habit to us and we try to trade in every market conditions. But we have to understand that not losing money is also part of trading. Avoide trading in a bearish market conditions will help us to secure our funds when there is very little chance to win.
-
This is very informative post I think every new comer who enter in crypto world must watch and learn about the rules and market trend..
-
You miss another points here. Do not over trade. Sometimes trading becomes a habit to us and we try to trade in every market conditions. But we have to understand that not losing money is also part of trading. Avoide trading in a bearish market conditions will help us to secure our funds when there is very little chance to win.
I don't do trading at bearish season, just buy and collect the coins.
I will do trading when crypto market is going up significantly.
It's better to do day trading.
Talking about trading rules, we can learn by doing.
-
I don't do trading at bearish season, just buy and collect the coins.
I will do trading when crypto market is going up significantly.
It's better to do day trading.
Talking about trading rules, we can learn by doing.
During the bearish season, we really should buy as many coins as we can to hold and sell later during the bullrun season. But unfortunately it can only be done by people who have a lot of money, for someone like me this bearish season is very pathetic. All assets are down, and can only stare at the market.
-
Greedy has reduced so many traders in the community which is not advisable to traders to be greedy when the price increase to a level were people can achieve profits at the moment. Now that the price of some coins are preparing to increase higher in the crypto market which will really help traders to use the opportunity to recover from their losses they have experienced few months ago in the market.
-
This thread actually has been from a long time ago. But every time read the rules, it always reminds me about it is true that trading needs these rules.
The rules are very essential that will influence our trading strategy to work well or not.
The combination of emotion, risks, funds, strategy, and also how we manage it
-
Greedy has reduced so many traders in the community which is not advisable to traders to be greedy when the price increase to a level were people can achieve profits at the moment. Now that the price of some coins are preparing to increase higher in the crypto market which will really help traders to use the opportunity to recover from their losses they have experienced few months ago in the market.
As long as you know the drill and has the behavior of none greedy person then of course even Newbie can make money here in crypto trading.
I also remember when I was a newbie that I tend to follow all the good advises given by my mentor and yes I become a Trader for a while , but I find this time consuming for me so i change course and starts to Hold instead of trade .
-
There are lots of books you can read about crypto that will keep you one step ahead of your friends. I can't recommend a book for you know cause I don't know your prospect and what books you had read before now. My suggestion for you now is to make some research on the net, you can go to Amazon and search for trading books. There are more than enough trading books on Amazon you can read about trading that will help your trading career. You can also join telegram crypto trading group so you can broaden your learning.
-
Great rule of thumb to be practiced in trading, particularly for those whome are looking for the secrets of successful traders and would want to emulate their practices. Sadly majority of traders fall within the side of those not practicing these golden rules of practice, let us all be guided!
-
My crypto trading experience has lost a lot when I first started trading because I am a new person who has no experience with just being determined, but after that I started to understand crypto trading, I didn't give up to learn until now.
-
My crypto trading experience has lost a lot when I first started trading because I am a new person who has no experience with just being determined, but after that I started to understand crypto trading, I didn't give up to learn until now.
Yeah, we must learning by doing in crypto.
I'm also new bie and starting to learn crypto currency more.
Trading is managing emotions and manage our money.
Because not easy to gain profit every day.
-
The Bull market is not characterized by a joy because it could be those who are happy because they can buy the best coins at very low prices, and that is not the case in the Bull market.
-
~
Yeah, we must learning by doing in crypto.
I'm also new bie and starting to learn crypto currency more.
Trading is managing emotions and manage our money.
Because not easy to gain profit every day.
Everyone must have experienced things that have been experienced by friends who commented above, and that's what I've experienced too. Even now I still experience it often, and it's really not easy to learn about trading knowledge for me. However, I am still eager to learn, so that I can become a professional trader and can easily earn profit.
-
There are two things that make you not really understand all the material about crypto trading. First, you don't really find what you're looking for. Second, you're not so sure of yourself as to define a method or two that's really understandable. Try to learn the basics that are important for now. Don't let you want to adapt to other people's crypto trading.
-
.
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always Know that when you have to Stop Trading.
I think that these Rules will help you for Trading.
Good, trading becomes interested when you abide to set out rules. If you have good developed plan and follow the plan, you will excel in trading.
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always Know that when you have to Stop Trading.
I think that these Rules will help you for Trading.
Good, trading becomes interested when you abide to set out rules. If you have good developed plan and follow the plan, you will excel in trading.
Trading is short term investment, If we want talk about patience, I think we should do hold for long term investment, It's more profitable to do than day trading.
Great, not patience is the big problems for trader and holder.
-
Trading is short term investment, If we want talk about patience, I think we should do hold for long term investment, It's more profitable to do than day trading.
Great, not patience is the big problems for trader and holder.
In times of unpredictable market, the best thing to do is invest long term rather than short term. buy, hold then sell when the price is good
-
Trading is short term investment, If we want talk about patience, I think we should do hold for long term investment, It's more profitable to do than day trading.
Great, not patience is the big problems for trader and holder.
In times of unpredictable market, the best thing to do is invest long term rather than short term. buy, hold then sell when the price is good
I agree with, at bearish which the market is high volatile and unpredictable, I think Buy and hold are the best way to do.
I suggest to buy in top 10 coins , those are more safe and more potential than others.
-
It is up to you whether you decide to trade for a short term or a long term. Just build your trading plan and stick to it, no matter what.
-
I think a newbie should have only two rules in crypto. Don't be impatient and don't be greedy. When a bull market runs even some scam coin will also give you profits, but newbies make mistakes by expecting unrealistic gains after seeing other's profits. They have to understand that every project is not the same and your entry will not match others who are in profit.
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always Know that when you have to Stop Trading.
I think that these Rules will help you for Trading.
Very nice and helpful tips to all traders who like to earn more in the crypto trading, I think it will be much perfect dude if you have an illustration image for them to understand it easily, but all in all
It was nice and very good...
-
Trading is short term investment, If we want talk about patience, I think we should do hold for long term investment, It's more profitable to do than day trading.
Great, not patience is the big problems for trader and holder.
In times of unpredictable market, the best thing to do is invest long term rather than short term. buy, hold then sell when the price is good
This is true, but not everyone has the patience to hold coins for a long time. If this can be done then I believe it will give high profits, it takes time to practice this.
-
I don't think it takes much to find out that your trading is correct or not, you just need to try to increase your patience and don't be influenced by market conditions, stay optimistic about selling coins at high prices even if the difference is small and you only get very little profit.
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always Know that when you have to Stop Trading.
I think that these Rules will help you for Trading.
Great rules, and I think "Never lose your Patience" is the most important. Maybe "Never lose your Patience and Discipline" - all other points crash after this ;)
-
The rules mentioned by the OP are surely some of the most basic rules that a trader must follow. But merely reading about any rules doesn’t work. You have to take a plunge into the market to find out what is true and genuine and what’s not. I believe in building your own trading rules.
-
I think placing stop loss is most important for traders to limit losses in case of misjudgment of the market. Holders are not usually in the habit of placing stops and they are often the biggest losers when the market is not moving as they expected.
-
I think placing stop loss is most important for traders to limit losses in case of misjudgment of the market.
Sure! Not only placing stop loss, but also NOT MOVING it ;D when the price is close but you are still hoping for the best...
-
The points you've made are well-taken notes of! However, each trader sets his or her own objectives in the market. This helps him make money and keeps him motivated.
-
I don't think anyone can provide certainty that the exchange has good and superior rules because to be honest, until now there are still many exchanges where problems often occur because of regulations or management that may not be strong enough.
-
I don't think it's too much to understand cryptocurrency because you only need to know that the exchange has a very high risk and after that patience must be considered and not to be affected by the situation or what can be said is a trader who has high panic.
-
I would also add, besides "never lose your patience" and "know when to stop", that you need to get an understanding of trading psychology in general and learn to deal with the different kinds of emotions and stress that come up during the trading process in a healthy way. Otherwise, you could end up risking your success to your impulses.
-
For a crypto trader, sticking to the basics has to be an essential rule to follow. Other rules may change over time but a trader who knows how to make use of the basics will surely be able to survive the market challenges and is capable of setting his own rules.
-
You do better when you set your own trading rules. Explore the market the way you want to try to apply different strategies until you have gained experience to decide what to do and what not to.
-
thanks for the opinion and best advice for trading and for newbes thats was so helpful for me i will follow tthat rules for low risk profit
-
Back then, I am definitely guilty of not having a “never lose your patience” mantra. The moment I sold my BTC when it was still around $12,000 last December 2020, it was one of the decisions that I have regret. You know why? It’s because days after it pumped like crazy and I was hesitant to buy at that price until it keeps going up even further up to $30k, $60k, etc.
Now I’m not making the same mistake again as I’ve already started doing DCA (dollar-cost averaging) with Bitcoin last May 2022. With my extra “not beer” money every month, I’ll keep buying regardless if the price is falling and no guarantees or promises on when the market is going to bull run again.
-
In trading the most important Crypto is the experience, how long we start the trade that will guide us.
The more often we trade it will get more knowledge, and finally know which is good to do and not.
Of course patience and not greedy in trading must have applied.
-
You don’t need to follow anyone for the success of your trading career. When you spend some money in the market, you automatically get to know it. You don’t have to take big risks when you start but little trading experience will help you in getting your career on track.
-
that's nice question when i start trading I learn from pros and experts so much
don't put all eggs in one bucket and also buy low and sell high and only invest in crypto what you willing to lose
-
Holders are not usually in the habit of placing stops and they are often the biggest losers when the market is not moving as they expected.
Seriously?
Do you know what is a Holder?
A Holder is a person who is holding their asset for a certain period. If you think that holders are the biggest losers, this means that you consider the person who keeps their coin only a few days and then sells their coins when the price is dropped, so they are losing. But do you know? They are not holders. Holders are when you are investing coins in certain period, many people are holding from the bearish market and forget it saved in their wallet, and then sell them when the price is high enough after certain period, commonly in the bullish era. Holding never lies.
-
Hello, Friend as we know that Trading is the Best option which will give us a Good Profit in a short period of time. So I want to tell you some Important rules of Trading.
Never lose your Patience
See the Market Carefully
Make a Best Trading Plan
Never Trade on one Coin
Always Take a Risk which you can easily bear or afford
Study the Market Deeply this will help you a lot to choose the right coin to trade
Treat Trading Like a Business, not like a Hobby or a Job.
Always Know that when you have to Stop Trading.
I think that these Rules will help you for Trading.
Your advice and suggestions are good, but I want you to know that the experience of just learning here in crypto trading is different. Others who enter the world of crypto know a lot of theory but fail in experience so the result is that they cannot apply what they learned in theory in this industry in actual trading. So it's good to combine theory and experience in crypto trading.
-
You miss another points here. Do not over trade. Sometimes trading becomes a habit to us and we try to trade in every market conditions. But we have to understand that not losing money is also part of trading. Avoide trading in a bearish market conditions will help us to secure our funds when there is very little chance to win.
To me this is a golden one, I hold this one dearly. Imagine your trade going south in a bear market condition where everyone is striving hard to be sure they save the little limited funds in there possession in order to hold some funds through the bear session.
-
A trader performs well when he builds his own set of rules. You don’t do much by following other traders. It’s okay to do so as a beginner but when you have grown up as a trader, you must find your own way of trading and set rules in accordance with that.
-
Invest in research before investing your money. ...
Only invest as much as you can afford to lose. ...
Never succumb to FOMO. ...
Don't let your emotion get the better part of you. ...
Diversification is the key to success in cryptocurrency trading. ...
Know the charts.
-
A trader performs well when he builds his own set of rules. You don’t do much by following other traders. It’s okay to do so as a beginner but when you have grown up as a trader, you must find your own way of trading and set rules in accordance with that.
Yeah, we should have own rules but also learn another strategy.
We must have knowledge and experience as trader if you want to be a professional trader.
Time will make you become good trader.
-
Who is not greedy, he should share interesting information. ;D What is the most valuable experience that has been a guide for your cryptocurrency trading?
-
Always Take a Risk which you can easily bear or afford
[/list]
thanks for very good advice and your this rule is most important that take calculated lose and also profit because in trading emotion makes a lot of bad decisions .
-
Always Take a Risk which you can easily bear or afford
[/list]
thanks for very good advice and your this rule is most important that take calculated lose and also profit because in trading emotion makes a lot of bad decisions .
It's good quote. we should have good knowledge to manage our fund.
Trading is always do the right time, when we should buy hold and sell.
-
For me the most important rules for trading to stay safe are, Don't use money that is needed in the near future, and the second is that you have to manage your emotions and not be easily swayed by bad news that may circulate a lot to make prices collapse, and what Finally, never regret when you get a loss and make it a lesson that will lead you to success.
-
For me the most important rules for trading to stay safe are, Don't use money that is needed in the near future, and the second is that you have to manage your emotions and not be easily swayed by bad news that may circulate a lot to make prices collapse, and what Finally, never regret when you get a loss and make it a lesson that will lead you to success.
Yeah , for trading I think we should use free money.
Because crypto market is unpredictable.
Sometimes we will see the dump and we should hold for several time
-
I have heard the rule of the market, where the market goes there you need to invest. If we are newbies, what rules are better to follow in order not to lose our money.