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Author Topic: Beware of these to avoid loss.  (Read 4370 times)

Offline ambar33n

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Beware of these to avoid loss.
« on: June 26, 2018, 06:31:09 PM »
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING   

LET'S START 

1/ Don't be so greedy, as something is better than nothing.If you get 10% profit then try to sell out and exit. Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

3/ Never invest your all money in one coin you must diversity.

4/ Don't sell your coins at loss, do not get into panic sale. Because if you brought potential  coin, then don't sell your coin if it dump. Because it will grow again after some days.

5.Never invest all BTC in altcoins keep some BTC in wallet for right time. If you like one coin most, don't invest your all money on this coin. Keep some BTC for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale. You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge. Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price. Don't buy coin at their high price, wait for dump and buy at deep.

Guys if you follow this 10 strategy, then I'm sure you will be safe from losses. 
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Beware of these to avoid loss.
« on: June 26, 2018, 06:31:09 PM »

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Offline altcoingamer

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Re: Beware of these to avoid loss.
« Reply #1 on: June 26, 2018, 09:55:02 PM »
This is a tough tough market to not feel emotional, but we have to.  I've kept BTC off the table for a long time just so I could buy alts in this severe capitulation and I think it will heavily pay off.
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Offline ambar33n

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Re: Beware of these to avoid loss.
« Reply #2 on: June 26, 2018, 10:23:12 PM »
It is tough world too, we should just try to avoid taking stress. you getting my point?
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Offline sugarchrisp

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Re: Beware of these to avoid loss.
« Reply #3 on: June 26, 2018, 11:42:20 PM »
All of these are valuable points.  Anyone just getting into trading should read this list and adhere to it as best you can.  I also agree that it's tough to be unemotional with the markets the way they've been lately but patience wins every single time.  It helps to only use money you can afford to lose to begin with, consider it already gone when you're trading so you don't get so emotional if a trade goes south.
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Offline serggg

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Re: Beware of these to avoid loss.
« Reply #4 on: June 27, 2018, 04:31:50 AM »
Useful advice, still people would be thinking. And then they buy at the top, but sell at the bottom.
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Offline Najma zahra505

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Re: Beware of these to avoid loss.
« Reply #5 on: June 27, 2018, 04:03:36 PM »
thanks infonya boss, it is very difficult what else if the market so, we must avoid from crescend.
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Offline emma.lee1890

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Re: Beware of these to avoid loss.
« Reply #6 on: June 27, 2018, 04:17:55 PM »
Quote from: ambar33n on June 26, 2018, 06:31:09 PM
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING   

LET'S START 

1/ Don't be so greedy, as something is better than nothing.If you get 10% profit then try to sell out and exit. Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

3/ Never invest your all money in one coin you must diversity.

4/ Don't sell your coins at loss, do not get into panic sale. Because if you brought potential  coin, then don't sell your coin if it dump. Because it will grow again after some days.

5.Never invest all BTC in altcoins keep some BTC in wallet for right time. If you like one coin most, don't invest your all money on this coin. Keep some BTC for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale. You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge. Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price. Don't buy coin at their high price, wait for dump and buy at deep.

Guys if you follow this 10 strategy, then I'm sure you will be safe from losses.
.Never invest all BTC in altcoins keep some BTC in wallet for right time. Keep your choice celever
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Re: Beware of these to avoid loss.
« Reply #6 on: June 27, 2018, 04:17:55 PM »

Offline sharecel

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Re: Beware of these to avoid loss.
« Reply #7 on: June 28, 2018, 12:13:41 PM »
Quote from: ambar33n on June 26, 2018, 06:31:09 PM
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING   

LET'S START 

1/ Don't be so greedy, as something is better than nothing.If you get 10% profit then try to sell out and exit. Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

3/ Never invest your all money in one coin you must diversity.

4/ Don't sell your coins at loss, do not get into panic sale. Because if you brought potential  coin, then don't sell your coin if it dump. Because it will grow again after some days.

5.Never invest all BTC in altcoins keep some BTC in wallet for right time. If you like one coin most, don't invest your all money on this coin. Keep some BTC for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale. You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge. Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price. Don't buy coin at their high price, wait for dump and buy at deep.

Guys if you follow this 10 strategy, then I'm sure you will be safe from losses.
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Offline kurapika

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Re: Beware of these to avoid loss.
« Reply #8 on: June 30, 2018, 02:44:58 PM »
Good tips and I must apply this once I get engage in day trading. So tough but I need to learn it patiently.
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Offline sharecel

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Re: Beware of these to avoid loss.
« Reply #9 on: June 30, 2018, 04:05:22 PM »
Thank you for the very accurate tips.
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Offline alerk

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Re: Beware of these to avoid loss.
« Reply #10 on: July 12, 2018, 11:52:44 AM »
Do not use automatic bots for arbitration. I had a sad experience.
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Offline BlackWidow

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Re: Beware of these to avoid loss.
« Reply #11 on: July 12, 2018, 01:26:27 PM »
Quote from: alerk on July 12, 2018, 11:52:44 AM
Do not use automatic bots for arbitration. I had a sad experience.

10 minutes ago I found a topic in which they talked about bibibot. Could you tell why it's dangerous?
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Offline alerk

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Re: Beware of these to avoid loss.
« Reply #12 on: July 12, 2018, 02:57:34 PM »
Because the automatic bot can crack the scammers. The automatic bot trades for the user. It connects to the account on the exchange through the IP and has access to the wallet. If they are scammers, they will take all your money. They can even make fake coins!
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Offline alerk

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Re: Beware of these to avoid loss.
« Reply #13 on: July 12, 2018, 03:00:29 PM »
Quote from: alerk on July 12, 2018, 02:57:34 PM
Because the automatic bot can crack the scammers. The automatic bot trades for the user. It connects to the account on the exchange through the IP and has access to the wallet. If they are scammers, they will take all your money. They can even make fake coins!
I have been using BibitBot for several months now. No scum. All transactions I make myself, the bot simply sends notifications to the Telegram
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Offline BlackWidow

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Re: Beware of these to avoid loss.
« Reply #14 on: July 12, 2018, 10:35:33 PM »
Quote from: alerk on July 12, 2018, 03:00:29 PM
Quote from: alerk on July 12, 2018, 02:57:34 PM
Because the automatic bot can crack the scammers. The automatic bot trades for the user. It connects to the account on the exchange through the IP and has access to the wallet. If they are scammers, they will take all your money. They can even make fake coins!
I have been using BibitBot for several months now. No scum. All transactions I make myself, the bot simply sends notifications to the Telegram

Then it looks like safe, but useless. After all, transactions between exchanges may be very slow. you can just not be in time
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