Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Tamaragold on January 16, 2018, 12:01:32 AM

Title: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: Tamaragold on January 16, 2018, 12:01:32 AM
Pleas For Noobs..... And i stand to be corrected by the Guru Traders... We are all here to learn
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1. Don’t FOMO (Fear of missing out)

If you missed a trade and the train already left the station, let it go. There will always be another trade. If you jump on a Trade after my entry point, you’re putting yourself at risk.

2. Don’t Panic Sell!
We have seen it many times guys. The market cycle goes up and down! It’s awesome when it’s up like today! But days like today aren’t possible without down days! During down days, everything is ON SALE!!! That’s when we take advantage and strike! This is why I always say to keep at least 40% of portfolio in BTC.

3. Keep a STOP LOSS on ALL TRADES, unless otherwise stated!!!

I can’t stress this enough guys. I’ve said it many times before but I guess I wasn’t clear enough for some people. On every single trade I share, ALWAYS set a STOP LOSS!!! Again... ALWAYS SET A STOP LOSS! Stop loss I personally use is 10-15% depending on the trade risk. Again guys... ALWAYS USE A STOP LOSS!

4. Always readjust your stoploss!

So the stop loss on trades will stop us out on trades that don’t go our way. But how about the ones that do? We readjust our stop losses every 10%  gain guys! Everytime we gain over 10% readjust your stoploss by 10%! So that even if it drops before reaching all targets, it stops you out with profit!!

5. DIVERSIFY!

Diversity is the name of the game when trading to minimize losses and maximize wins. This is a starting point on how you should be trading.

High Risk trades: 1-3%
Medium risk trades: 3-5%
Low risk trades: 5-10%

That’s how much of your portfolio you should be investing into each trade. If you go over those numbers you are putting your portfolio at risk if one of your coins with the majority of your portfolio goes down.

6. Have Fun!!!

Most importantly guy, have fun trading! This shouldn’t make or break you! Investment is risk! If not it wouldn’t be called investing! So don’t invest anything you can’t afford to lose! This is a rollercoaster of a ride so just have a good time riding the waves! On down days I don’t even look at my portfolio, I only look for coins to buy!

I hope this helps you guys out!
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: sennyrulz on February 11, 2018, 04:31:51 PM
this is very insightful
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: Pepayangas on February 20, 2018, 03:30:31 AM
Hi, I'm just starting to learn how to trade and this is very helpful. Tnx a lot.
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: Zed0X on March 11, 2018, 09:44:48 PM
Good insights.

Don't let your emotions get in the way of your trading. Accept the fact that you will win some and lose some trades.
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: felixesteban on March 31, 2018, 03:03:59 AM
These are good advice for traders but as human we are easily affected by our emotions. For me FOMO is biggest challenge. I hope  I can manage to control myself. Thanks by the way
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: jayson1993 on March 31, 2018, 08:16:05 AM
Nice advise like other advice this is better
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: owmivmen on April 07, 2018, 09:14:30 PM
very helpful in this way I can minimize the loss of my trading. thank you.
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: cryptothief on April 17, 2018, 05:28:12 AM
Decent enough advice there, just need to remember to adjust the portfolio as prices rise or fall. Percentages can change very quickly, an investment worth 5% could be worth considerably more after a jump. A daily review should keep the portfolio balanced, even if it just to check and make any trades.
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: dsaijz03 on April 17, 2018, 01:06:28 PM
It is nice and informative. On the other side really want to remain calm if our cryptos are falling and it is actually easy to say to not panic but in an actual situation it is really hard to just watch your cryptos falling with you doing nothing actually we really need to accept that it is normal to happen in a trading that we sometimes panic sell, cut lose or fomo but what matters most is that we must only trade the amount that we are willing to lose since trading is so risky and also if you will not experience losing you are not actually trading.
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: Orchid on April 26, 2018, 12:52:16 AM
Nice advice, tks 4ur sharing!!
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: Master107 on May 07, 2018, 06:11:43 AM
Above all I like the number 6.

6. Have Fun!!!

Most importantly guy, have fun trading! This shouldn’t make or break you! Investment is risk! If not it wouldn’t be called investing! So don’t invest anything you can’t afford to lose! This is a rollercoaster of a ride so just have a good time riding the waves! On down days I don’t even look at my portfolio, I only look for coins to buy!

This would mean that even there will be lose along the run still fun is a shadow from loses. Hahaha
I don't know how to do it in case I am there at that situation but I hope it would not happen. I know risky but I should try it to go beyond the my fear boundaries.
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: ZionRTZ on May 08, 2018, 04:57:40 AM
Learn TA, FA, and do not be emotional when trading  ;D
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: acmakc12 on May 16, 2018, 11:44:03 PM
This information kinda good, i think this will help some newbies in this way :d
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: sturec22 on June 06, 2018, 02:57:29 PM
My worst mistake was stop loss. Guys it is really really crucial.
Title: Re: *MUST READ! IMPORTANT RULES WHEN TRADING*
Post by: Angkoolart10 on June 25, 2018, 11:45:32 AM
THIS IS MY RULES

1. Use money you can afford to loss.

2. Know your self.

3. Start small.

4. Don't over commit.

5.Isolate your trading from your desire for profit.

6.Don't form new opinions during trading hours.

7. Take a trading break.

8.Don't follow the crowd.

9.Block out other opinions.

10. When your not sure, stand aside.