Some simple practices can help a newbie trader to quickly improve on his/her trading skills. some of these practices are very simple, can be done alone or best with another newbie trader who wants to become an expert trader. Some of these practices that I have observed are;

- Practice demo trading, although not all traders started with Demo trading because some traders actually could handle the risk of loosing.
- Be consistent, and to encourage or learn consistency, you can start a 21 days trading challenge with a fellow newbie trader, or a trading challenge for as long as you want. If you do a challenge with someone, the person can encourage you when you feel like quitting from the challenge due to failed analysis or other reasons.
- Whenever you loose in trading, always return back to find out the reason why you failed.
- Do not depend on signal groups.
- Practice emotional control.
- Do not focus on too many cryptocurrency pairs.
- Join a community of traders.

These are a few, and I am sure there are more from other traders, please share to the benefit of us all.

   -    Thanks for the good reminders you made, mate. It will give good ideas and knowledge to everyone, especially the newbies who will enter the crypto space
that we belong to.

Actually, I do all the things you mentioned, and I also do the others that don't exist. Demo trading is good to use if, for example, someone wants to learn to do futures trading, and it's also right that there shouldn't be too many pairs we do in trading activity.

Quote from: TopT3ns on April 27, 2024, 08:47:02 AM

Quote from: dekafee79 on April 26, 2024, 09:54:57 PM

You are right, if we have a lot of capital, we can buy a lot of coins to make a profit. Good investing is diversifying, this will give us a big opportunity to make a profit. Ripple is a pretty good coin to buy, as we will likely see high ripple prices during a bull run

Right now we have to keep trying to get a lot of money so that when the bearish season comes, we can have money to buy coins at cheap prices. The opportunity to become rich is that when the bearish season occurs, we can buy coins that have the potential to be expensive at a fairly cheap price. . I really hope Bitcoin collapses again to $20k like it did some time ago before Bitcoin pumped up and printed a new ATH.

Your expectations are too high, dude. Bitcoin will not fall to $20K this year. If you have prepared funds, you should buy altcoins if they experience a sharp decline. Bitcoin will likely bottom at $50K this year low. And maybe bearish next year, you can wait for bitcoin at $20K

It seems like he only said that he wanted to buy bitcoin when the price collapsed to $20k and didn't mention that the price of bitcoin collapsed this year. I know that the moment when the Bitcoin price drops to a cheap price is something that traders are really waiting for, but we don't know when that will happen.

Quote from: TopT3ns on April 26, 2024, 06:34:47 AM

That's right, as you said, the reputation of a project determines the future of this project, because of course the team behind all these projects will continue to try hard to provide the best because the reputation of their name is at stake in this project.

It is not easy to see the reputation of the team behind their project, because crypto is semi-anonymous, so it will be difficult for us to know who they are behind the project. As you said, we will know the reputation if the project is running and successful. So as long as it's still new and there's no good progress, I think we'll all have difficulty predicting it

It's true, it's not easy for us to see the team behind this project. Those project developers who want to scam often read threads like this. So indirectly they already understand what they are going to do next and finally up to now there are many new projects that hide the team they own. In contrast to the project in 2017, many teams were informed clearly and there was nothing to hide.

[/quote]
Do it on weekends.

Currently, it's Saturday here in our country, and I tried to make a transaction on Ethereum Network and the gas fees when I did it is only $8. I did say the word "ONLY" because most of the time especially in the weekdays, the transaction fees on Ethereum can go to as high as $50. For now, that's the best thing that you can do if you want to make a transaction under Ethereum Network, but in general, gas fee on Ethereum is very high especially for an average investor compared to other L2's out there like Polygon, Arbitrum, etc.

My suggestion is that, as much as possible, don't make a transaction on Ethereum network if you are only transferring a few bucks or even a hundred bucks.
[/quote]


Yes, I realized that weekends are better so I will stick with that for the future. I also need to get comfortable and learn/use L2s

Okay, I will do that in the future. I thought that maybe I was missing something, and that was why I didn't understand the person's response!

Quote from: KingsDen on April 27, 2024, 12:04:02 AM

@Freemind, it is nice you noticed such an off topic post. It is totally unconnected and unrelated to the ongoing conversation. There are more of this type of people just spamming their way up the rank. I see that you are a moderator and yet you didn't delete such an off topic reply. Or are you not a moderator of that board. I think the idea of global moderation is needed here.

When you (or any other user) come across meaningless posts, please report it so we can take necessary action. I'm a global moderator, I'm just giving @Doovla a chance to explain what happened or a reasonable amount of time to edit his post. If within 24-48 hours of my notice, @Doovla has not modified his post, the user will be sanctioned and the post will be deleted.