Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Smilez on August 17, 2024, 10:38:23 PM
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
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I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
But do you know that as inaccurate as the trading indicators are, they are more accurate during a less volatile market. Do not misunderstand me. I am not still implying that indicators are 100% accurate.
No. 2 are for holders and long term traders. Short term traders can prefer the No. 1.
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There is no fixed definition of a successful and unsuccessful trader, but as long as your investment portfolio continues to grow and you have enough liquidity, you are a successful trader.
The method differs from one person to another, and the psychological, social and material factors are all in no hurry. There is an ideal way to trade, you create your own unique experience.
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Whether there are fixed or unfixed definition of a successful trader or no, the basis of being successful in any business venture is that you got it right. Trading involved risks and with your best strategies applied, it can become unsuccessful. In my opinion, being a Successful trader remains that a trader has been getting it right with good profit margins
Now, everyone has his or her trading ideas or strategies, and it is base on individuals experience; one trader strategy may differ with other persons strategies. I am a "Day trader" while some persons like to Hold for some times to sell on a good price.
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I will probably do both according to the market situation that occurs and the state of the capital that I have.
I like to make short-term trades by taking advantage of any market fluctuations that occur as they are now with volatile market conditions and taking advantage of any rebound that occurs.
But it also requires large capital to take more profits.
I also buy every time the price of a DIP occurs or when the price reaches the bottom of support, starts collecting Bitcoin and the top altcoins when bearish occurs and does a DCA for it. Who must have enough Fiat reserves to do so.
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This is not a bad approach, and I think it's good that you have found a strategy that works for you, and luckily the crypto space is filled with opportunities you can earn from.
Since you said you prefer staking opportunities, I'd recommend you check out Bitget's PoolX summer carnival, where you can stake BTC and ETH to grab a share of 50,000 BGB.
Events like these present a safer option for earning, and I think this fits what you're looking for perfectly, you can use this link to check it out -Bitget warning (https://www.Bitget ( [url=https://www.altcoinstalks.com/index.php?topic=329791.0) )/events/poolx]https://www.Bitget ( Bitget warning (https://www.altcoinstalks.com/index.php?topic=329791.0) )/events/poolx[/url]
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Re: What type of trader are You
A failed trader. A very failed one.
Deposited and lost money 3x already. I know that there are some who have experienced way worse than me, and I welcome to them to the group of "failed" traders. :D
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I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
Being a liquidity provider would be another option that you might look out, but the risk is way higher than that of staking because of the fact that you might experience impermanent loss on your 2 assets. Staking for me is the safest way to earn passive income when it comes to crypto, but you staking doesn't mean that you will not experience losses because you can still especially if the token you chose to stake suddenly went down in price.
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more users are just following the cycle for bull season and bear season which is why taking a break is common for us. some are just holding their BTC and planing to sell in the bull market. after selling i'm going to go back to holding again, earn some by staking and just kill time by gambling from time to time and earning from forums. seem to be the normal way of doing it in crypto.
the adventurous ones are going to futures market. they are risk takers i think there are successful in this too. staking is already in your mind so just keep doing it. if you are up to mining coins, maybe it will work for you.
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You know, dude, when it comes to trading in this field of crypto, there are only two things for me: whether you are a long-term investor or a long-term investor or a day trader or scalper. It is not possible for all traders to become long-term traders because the market will not move for sure.
We each have our own definition of these topics, and the success of a crypto trader depends on us and not on others who are successful in the crypto space.
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Well considering I put myself as an investor more than a trader, and I only trade with some portion of my money while the rest is long term holding, I can say that the second type fits me better. Its really not a big deal, sometimes we end up with nothing and sometimes we just have to accept that it's not going to be that much of a big deal. We are going to end up with a great result eventually, so it's going to be really a normal day to live. What we need to do would be just accepting our style, because if you want to trade and get influenced by others online, then you will do their style and you won't get good results.
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I am trader not investor, but some time change my trading way from short term have to be long term or holder after my coins investment price get drop significant.
I think many trader have difference way with trading from long term or short term but if you have much money become investors more interested than short term trading with high return profitable earn more than thousand hundred percent.
I prefer with short term trading only to avoid won't to be long term investment when my coins trading get down drastically, but if wrong with my prediction stop loss feature already set up with loss earn around 20%. Not problem have loss around 20% but I can make recovery buying back on lower price.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
Trading was never meant to be a do or die affair, one doesn't have to be the first type (No. 1) of trader to make a good living off trading crypto, it makes no sense trading even when the market has no direction and recording loses, taking breaks is never a weakness, and no one trader should ever be ashamed of doing so (taking breaks) when ever the market is not favorable.
For me, I am comfortable being the No. 2 type of trader, I take breaks when ever the market is not favorable, this is much better than risk losing all the profit I made in previous trades when the market was in a better condition.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
Me too, staking has been one of my very first choice when in looking for ways to earn passively in crypto, another is providing liquidity, but this comes with some minor risk.
Airdrop farming can be very profitable too if you are lucky to find and farm a good project.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
It's hard to give a definitive answer, even though I have a Demon account to trade and enhance my experience with the market while implementing a long-term DCA strategy. I don't try to make any specific trades if the market doesn't have a clear trend, so I belong to group 2. However, I also constantly monitor the market to be proactive for any opportunities, which seems to put me in group 1 as well.
I think such a clear division is difficult to apply because traders need to constantly monitor and evaluate the market to determine its state and then make trading decisions. Each trade creates both opportunities and risks, but if the signals are unclear and the risks outweigh the opportunities, traders should temporarily stay out of the market, preserve capital, and wait for clearer opportunities in the future.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
Choosing up on which one then it would really be that according into your preference and according into your own ways and methods on how you do deal up with this market.
If you are a trader whose really that wanting to always spot on the market conditions despite of being bearish or on being on consolidation then it would be your choice
but there would really be those type of traders who would really be taking up some break on the moment that they wouldnt really be that confident on dealing up with the market
movement on which it isnt really that bad either.
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I love that everyone talks about how they love taking breaks or just keep on investing and not like go crazy with trading for a long period of time. Anyone who has traded for a long enough period of time would know that it is not really an easy task, and definitely feels like its a pressure and it tires people out very quickly. Its not an easy task and we do end up with something that gets a lot of hate as well. I believe that if you take your time then you are going to be fine about it, and it will not matter that much for you, it should be something that is quite understandable and the results should be clear as well.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
I will also call myself a second type of trader because there is nothing wrong in taking a break and letting the high volatility situation to pass. This way as a newbie we can save our money those who stick to the thin and thick of the market are experienced traders and they know how to make some opportunities available to them in a profitable way.
I also seek passive ways to make money and staking is not on my list I prefer other ways like holdings, investing in private sales, and joining paid airdrops which also benefit me with other bonuses like more allocation in private sales and early rewards, etc.
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I also seek passive ways to make money and staking is not on my list I prefer other ways like holdings, investing in private sales, and joining paid airdrops which also benefit me with other bonuses like more allocation in private sales and early rewards, etc.
Paid airdrops?
so you pay to get some potential airdrops to work on and for bonuses like allocations isn't it like a private sale for some new projects, so you get more allocations specifically before the project is released to the public.
I also participated in several private sales, but there were more losses and projects that did not succeed in achieving the Hard cap target or projects that were not able to grow. It is better trade regularly to make more definite profits.
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I also seek passive ways to make money and staking is not on my list I prefer other ways like holdings, investing in private sales, and joining paid airdrops which also benefit me with other bonuses like more allocation in private sales and early rewards, etc.
Paid airdrops?
so you pay to get some potential airdrops to work on and for bonuses like allocations isn't it like a private sale for some new projects, so you get more allocations specifically before the project is released to the public.
I also participated in several private sales, but there were more losses and projects that did not succeed in achieving the Hard cap target or projects that were not able to grow. It is better trade regularly to make more definite profits.
Private sales are not airdrops. Airdrops supposed to be free. If it is getting to people should pay, that is a red flag already that you should know that the project is a scam. I have seen paid airgapped before and they are all scam. The most common one recently which is not directly an airdrop is Tapswap. I guess criminals are behind that project.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
Majority of traders that I know works with the trend and doesn't really trade during the bear market. You see this large volume of trade you are seeing right now, if bear market should step in right now, most of them will vanish, like the volume will reduce drastically by 3 times the original volume we are seeing, this tells you that many people don't trade.
Such time should be for buying and staking but the duration shouldn't be that long because I do observe that such period do have high API to encourage staking so people don't sell but some locking mechanism comes with a condition which may prevent you from selling later in the future when the price start to rice again.
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I thought what the OP means about the "type of trader" is that Day trader, scalper, swing trader, or etc. Well, I believe that I'm a second type of trader and I believe that most traders are second type. The trend is our friend, if we can't see a clear direction of the price we should avoid to trade because it will only give you low probability trades. Professional traders are mostly earning in trending markets. However, no matter what type of trader we are, the most important here is the profit, if we are profitable with it go with it.
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I thought what the OP means about the "type of trader" is that Day trader, scalper, swing trader, or etc. Well, I believe that I'm a second type of trader and I believe that most traders are second type. The trend is our friend, if we can't see a clear direction of the price we should avoid to trade because it will only give you low probability trades. Professional traders are mostly earning in trending markets. However, no matter what type of trader we are, the most important here is the profit, if we are profitable with it go with it.
No matter what type of trader you are, your main objective will be to profit. Type refers to your strategy. The better your strategy, the less likely you are to lose. Day trading is a very difficult task and there is a lot of risk involved due to which you cannot profit from it very easily. A good way to safely income or profit from crypto is by holding. So I want to be a good and patient holder rather than any type of trader. That alone can bring a better future. Apart from profit it will also protect us from inflation
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I thought what the OP means about the "type of trader" is that Day trader, scalper, swing trader, or etc. Well, I believe that I'm a second type of trader and I believe that most traders are second type. The trend is our friend, if we can't see a clear direction of the price we should avoid to trade because it will only give you low probability trades. Professional traders are mostly earning in trending markets. However, no matter what type of trader we are, the most important here is the profit, if we are profitable with it go with it.
Yes i also think OP mean that. We know there are many kinds of trade available for trading. Some people like Day trade, Some people like scalpe and Swing trade even we saw many people like future trade. But Scalping is my favourite.
I am scalper i do this trade for short time. But some times it were long trade. When Market go my Against then i have to wait for long time. But normally i close my trade within 10 to 15 minutes. And i am profitable from thia kinds of trade.
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joining paid airdrops which also benefit me with other bonuses like more allocation in private sales and early rewards, etc.
Paid airdrops?
so you pay to get some potential airdrops to work on and for bonuses like allocations isn't it like a private sale for some new projects, so you get more allocations specifically before the project is released to the public.
I'm also a bit confused by his statement about "paid airdrops". Is it true that there are paid airdrops, or is it just a deposit to get rewards? Or is it possible that the airdrop actually pays us and gives rewards?
I don't know, but if it's really an airdrop and I have to spend money to join, then I will choose to leave and not do it.
If it's a private sale, maybe I will follow it, but of course, we will be much more careful and selective when choosing the project, because the risk is indeed very high for various new projects.
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Since crypto trading is not my main job, then in crypto trading I am quite relaxed. I usually trade long term, but it also depends on the situation and market conditions. If the market is busy, of course I trade short term, buy and sell in a fast tempo. Conversely, if the market is quiet, long-term trading will be the solution.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
The first type of trader according to you that sticks with the market through thick and thin may not be actively trading in the markets while the market experience something that seems like a lack of direction. There's a certain confidence that comes when you have consistently monitored the market for a very long time, this is why some traders still monitor the market even though they do not actively place trades. During the periods when the market is experiencing a lack of direction, if you decide to give the market a break and do not look at the charts for a couple of days, whenever you come back and revisit it they will take a longer time trying to trace the market to predict its new movements.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I can say that I am the first and second option, because I sometimes get excited about trading if the coin I have goes up and waits for it to go down again,
I often do the 2nd option if I am bored with crypto and in this position I will not open my exchange and personal wallet at all until my mood returns
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I can say that I am the first and second option, because I sometimes get excited about trading if the coin I have goes up and waits for it to go down again,
I often do the 2nd option if I am bored with crypto and in this position I will not open my exchange and personal wallet at all until my mood returns
When the market improves and prices are more stable or rising, we have the spirit to trade. but when the market is correcting and we are stuck unable to sell our coins, we should just wait and not open the exchange. I also do the same thing as you, because when the correction occurs I want to buy potential coins while I don't have capital, I just watch and do other activities such as joining airdrops and bounties to get rewards.
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Private sales are not airdrops. Airdrops supposed to be free. If it is getting to people should pay, that is a red flag already that you should know that the project is a scam. I have seen paid airgapped before and they are all scam. The most common one recently which is not directly an airdrop is Tapswap. I guess criminals are behind that project.
Yes Syaa also thinks so, Airdrop is not a prvate sale, the two are very different. Airdrops can be done for free and private sales require capital to buy at a predetermined price.
Not only Tapswap but many game platforms that imitate like Notcoin which end up just scams and cheats.
Look at how Hamster Combat, there is no clarity and the best is DOGS which will now be listed on Tier 1 exchanges such as Binance, Bybit, OKX etc.
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I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
What ever trader you are or what market you trade on, to be profitable you just apply some trading psychology and plans. Every successful trader understand this so well that they chose not to trade the market when it's not giving a clear trend. The market gives and can take back all it gave to you in one day. So you have to be smart to to loss it all. This is done by averaging the total amount you want to make in a day, or a week or even a !month and once your target is met, you simply exist the market no matter how good your next trade might look like. Once the market begins to look so real and you've made so much profit, expect to hit a loss. That's how it works. When it becomes too good to be true then it isn't. So you apply your risk management strategy to your wins and let the market play out.
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To be honest I am was an short-term trader in the beginning it's because of some tempting social influencer youtube videos. Later when I made start my trading I mean short term trading I loose and Loose and bearing the loss till now.
And after getting some experience in this crypto world I go for the long-term trading like holding the bitcoin with the DCA strategy so for now you can assume me as a long-term trader. And I felt safe to be long-term trader on bitcoin with the DCA method.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
In that case I would consider myself as No.1 type because I never leave the market no matter if its going in bull direction or its in bear direction. I'm a type of trader who always tries to gain something from the market movements and I mostly trade at spot market as that's quite suitable for me.
Some traders prefer to take breaks when market is not according to their strategies but thankfully I have made multiple strategies of my own that works in most conditions of the market, and to be honest those work because I'm a patient trader.
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In that case I would consider myself as No.1 type because I never leave the market no matter if its going in bull direction or its in bear direction. I'm a type of trader who always tries to gain something from the market movements and I mostly trade at spot market as that's quite suitable for me.
Some traders prefer to take breaks when market is not according to their strategies but thankfully I have made multiple strategies of my own that works in most conditions of the market, and to be honest those work because I'm a patient trader.
Here we have some similarities on the case of trading with you, I want to say I am also a hybrid trader but most of the time I am in the long-term strategy in this case I am a long-term trader but I have also done some short trading depending on the market situations like on the altcoins.
And I think this is an ideal plan for doing trading not the short term trader not the long term trader stay with the hybrid plan.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
By the virtue of the kind of person i am and the way i trade, am not under the fist kind of category trader you have mentioned, but i see myself well fitted in the second category, the first one will have to comprise of the types of traders who will always remain on the market trading irrespective of the the season or the challenges because they are always at the top of the game trading, while someone like me who is not a full time trading will have to take some break till the market becomes more favorable.
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Paid airdrops?
so you pay to get some potential airdrops to work on and for bonuses like allocations isn't it like a private sale for some new projects, so you get more allocations specifically before the project is released to the public.
I also participated in several private sales, but there were more losses and projects that did not succeed in achieving the Hard cap target or projects that were not able to grow. It is better trade regularly to make more definite profits.
I agree with your statements because I did get allocation but I did not say I use them too. And by paid airdrop I meant to say there are free airdrops and paid airdrops in free airdrops we don't have to use or money but in paid airdrops we have to use our money in the form of staking, transaction fee and trading volume and sometimes we have to buy NFT like base NFTs.
Most people who have earned good money from airdrops love to invest again and sometimes they get scammed as they get nothing but sometimes they earn a lot. Out of 10 if 2 to 4 airdrops are lefit then people make good money.
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I am not really much of a day trader, i have not learnt the skill, neither do i think i can handle the risk, i just prefer to buy BTC and accumulate more whenever i get the chance to, especially when the market tanks. Day trading and monitoring the market constantly is for day traders, however, if you do not have have what it takes to trade that way, just store BTC for the long term.
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I'm also a bit confused by his statement about "paid airdrops". Is it true that there are paid airdrops, or is it just a deposit to get rewards? Or is it possible that the airdrop actually pays us and gives rewards?
I don't know, but if it's really an airdrop and I have to spend money to join, then I will choose to leave and not do it.
If it's a private sale, maybe I will follow it, but of course, we will be much more careful and selective when choosing the project, because the risk is indeed very high for various new projects.
Airdrops actually pay and reward their early users on the basis of their contribution. There are many examples of airdrops that have paid till now BB, Manta, Not, etc. These are some famous airdrops you might have heard about them. By paid airdrops I meant we have to invest like Base airdrops require their users to buy NFTs and as far as I know each NFT is worth $2 to $5.
People are buying these NFTs in the hope of getting an airdrop. Then there comes the BWB airdrop started by Bitget wallet. Users had to swap coins into another by paying swapping fee which was high and these users were not aware of the rewards but still they invested money in the swap fee form.
Joining paid airdrops have some confidence that it can make us more profit but we can't make much money from free airdrops.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
I choose no.1 to survive in the ups and downs of the market, when we survive in a situation like this maybe we can trade again so that we can get profit every day so that we can cover the losses. if we stop when the market loses direction as you said, then we will not advance and even fall deeper because there is no income to cover the losses we experience.
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I am not really much of a day trader, i have not learnt the skill, neither do i think i can handle the risk, i just prefer to buy BTC and accumulate more whenever i get the chance to, especially when the market tanks. Day trading and monitoring the market constantly is for day traders, however, if you do not have have what it takes to trade that way, just store BTC for the long term.
Hold bitcoin for the long term is a good way to minimize losses if we do not have the skills to do daily trading. because daily trading requires focus and of course we must have experience in doing it. many are learning to do daily trading, I also do it and get profit even though not much but regularly.
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Hold bitcoin for the long term is a good way to minimize losses if we do not have the skills to do daily trading. because daily trading requires focus and of course we must have experience in doing it. many are learning to do daily trading, I also do it and get profit even though not much but regularly.
Day trading is very risky. All traders want to make money from day trading but do you know that trading is very risky and many traders are losing money when they are looking for money. I will prefer to hold than to trade. So it is not about the experience alone. Some traders will lose and continue to lose despite that they are looking for better strategies.
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Hmm, here you've mixed the traders with holders or you can say investors, a trader never takes a break whether he's long frame trader or a short frame trader, but at the same time investor or holder takes entries only in the favorable market conditions. So the types you are trying to mention are not only traders, you can it as are you a short frame trader or long frame trader? hehe but anyway I'm a long-frame trader and holder as well.
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Hold bitcoin for the long term is a good way to minimize losses if we do not have the skills to do daily trading. because daily trading requires focus and of course we must have experience in doing it. many are learning to do daily trading, I also do it and get profit even though not much but regularly.
Yes, this is the best way for beginners or people who are indeed less able and capable of trading, for various reasons. Holding Bitcoin by knowing its phases in the bearish era - the process - to the bullish era, at least you can understand when to buy and when to sell or take profits. Here, we understand very well that some people will prefer to hold BTC for the long term, because it is much easier. Just leave it in the wallet and occasionally we can check it through several platforms, possibly our portfolio. And if our target is for the long term, then whatever happens to the market, related to its crash, it will not cause us to panic.
But, it'll different if coins that we are holding are shit coins. These coins must be taken profits as long as its high price, or we will be losing the chance to take the profits.
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I am trader not investor, but some time change my trading way from short term have to be long term or holder after my coins investment price get drop significant.
I think many trader have difference way with trading from long term or short term but if you have much money become investors more interested than short term trading with high return profitable earn more than thousand hundred percent.
I prefer with short term trading only to avoid won't to be long term investment when my coins trading get down drastically, but if wrong with my prediction stop loss feature already set up with loss earn around 20%. Not problem have loss around 20% but I can make recovery buying back on lower price.
- How can you be a trader in the crypto trading field if you don't buy crypto? especially if you lost the analysis set-up you did on an exchange platform. I don't get your logic that "you're a trader, but you're not an investor." Unless the cryptos you get are from participating airdrops,.
Or the cryptocurrency that you hold comes from the bounty or signature campaign that you participate in, which does not come from your pocket when you sell crypto assets in this business industry.
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Most people who have earned good money from airdrops love to invest again and sometimes they get scammed as they get nothing but sometimes they earn a lot. Out of 10 if 2 to 4 airdrops are lefit then people make good money.
I experienced that, made a lot of money from the airdrop and then developed the yield I got for investing in other coins and started trading.
So it will continue to be sustainable and until now I do it.
There are many benefits that I have gotten, so the airdrop provides capital that then grows rapidly for long-term profits.
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I experienced that, made a lot of money from the airdrop and then developed the yield I got for investing in other coins and started trading.
So it will continue to be sustainable and until now I do it.
There are many benefits that I have gotten, so the airdrop provides capital that then grows rapidly for long-term profits.
You nailed it because there are people who cry because they do not have enough money to start trading, and there are even people who tease their parents for money so they can start trading. In most cases, people use bad methods to earn money so they can begin trading. This method of earning free money through airdrops is the most efficient.
Although the profit has been reduced due to the large number of users joining airdrops, we can still earn enough money to begin trading. I also made money from airdrops and used some of the funds for trading. We can also use that free earned money to join paid airdrops.
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I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
We should not limit the types of trades to only two numbers because, in my sight, there are a lot of types of traders, some of whom stick to the market, some do not, and some make a profit in consolidation. Some stop there, some wait for the bull run, and some do wait for the bear market. Everyone is trading according to their funds, profits, losses, emotional behaviors, and financial situation.
I don't take breaks I try to focus on opportunities and have learned that whenever we become lazy and think we can benefit from some opportunity later but don't do anything, it results in a big loss. So always stay focused on new opportunities, and I prefer to trade in not so many coins but a few.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets. Staking is also good as you made mentioned but I don't like to stake instead that DCA is more preferable to me.
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You nailed it because there are people who cry because they do not have enough money to start trading, and there are even people who tease their parents for money so they can start trading. In most cases, people use bad methods to earn money so they can begin trading. This method of earning free money through airdrops is the most efficient.
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LOL, crying just to be able to invest and trade in crypto is a ludicrous way.
There are many ways that can be done without having to beg for others or use the salary from your real job.
I never even used the money from my real work to just invest, I just relied on Bounties, Airdrops and some giveaway contests on the forums,
so what I got was free money without risk and without worrying about losing.
Now what needs to be done is how to manage the money earned for free from airdrops for long-term investment and trading that can be profitable, it really has to survive and become the starting capital to build your finances.
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- From the word "stick," as a trader, there should be only one strategy to focus on when conducting trading activity. Because most of the time many do not succeed in using more than one strategy.
I've tried this because usually they don't match the movement, and when that happens, it's a big problem, and there will be confusion in performing the analysis.
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If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets.
I guess that's a very helpful suggestion and anyone who follows it will not lose any money by investing in Bitcoin. The DCA method is one of the highly workable methods Bitcoin investors use and many have made fortune with Bitcoin by using DCA and Dip buying strategy.
I personally suggest the DCA strategy accumulators to use DIP buying along with DCA as that's much more profitable and the risk with that is also very low. Those who do DCA+DIP buying often end up making 5% to 10% profit within weeks if market gets upward.
Now imagine if some of those invested total amount of $1M or $5M and Bitcoin price moved 5% upward then such investors can easily take $50k to $250k profit depending on their invested amount for DCAing.
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I believe that trading is one of the best profitable in cryptocurrency world. Because we can earn money from cryptocurrency market within a short time. We think thar trader are two type dividend in cryptocurrency market, one is successful trader and other is unsuccessful trader.So i think that who will be expert in trading market he can earn much money from cryptocurrency market. But who don’t know about cryptocurrency market, he cannot good benefits from crypto market.
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Your approach of recognizing the two types of traders is insightful, and it’s great that you’re self-aware about your trading style. Taking breaks when the market lacks direction is a wise strategy, especially if you’re still finding your footing. During such times, exploring passive income opportunities like staking can be a productive way to stay engaged in the space without the constant pressure of active trading.
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If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets.
I guess that's a very helpful suggestion and anyone who follows it will not lose any money by investing in Bitcoin. The DCA method is one of the highly workable methods Bitcoin investors use and many have made fortune with Bitcoin by using DCA and Dip buying strategy.
I personally suggest the DCA strategy accumulators to use DIP buying along with DCA as that's much more profitable and the risk with that is also very low. Those who do DCA+DIP buying often end up making 5% to 10% profit within weeks if market gets upward.
Now imagine if some of those invested total amount of $1M or $5M and Bitcoin price moved 5% upward then such investors can easily take $50k to $250k profit depending on their invested amount for DCAing.
That is right, every investment and profits are dependants of amount invest in that project or coin and let say, Dr. K M decide to invest in 2 bitcoin and the price soared to like twice the price. Dr. K m didn't only have 2 bitcoin but his investment has increased in dollar equivalent meaning that if he decides to sell he would ends up making a good profits from the investment.
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-snip- based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
The first one looks like fit with day traders. They are the type of people who will continue to trade even if we have bad or good market condition. But they never target too big profits, they will accept with small or big profits. So, they have no big problem to trade in any market condition. But for the second one, it is a bit difficult to fit with any trading type. However, there are type of traders who will trade if they look the market in good condition. Scalping and Position Trading may be the trading types that fit with the second one. Well, there is nothing wrong with this type, it seems I am a part of this type. :D
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I don't seem to be a trader but I'm just a member who wants to know about cryptocurrency, a unique system, strong security, absolutely owned by yourself is something I haven't thought about before. In other words, I might trade cryptocurrency if I need it and if I have cryptocurrency and don't have an urgent need, I should hold the cryptocurrency without having to sell it.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets. Staking is also good as you made mentioned but I don't like to stake instead that DCA is more preferable to me.
I also agree with you, your advice is a very useful one. If one is afraid to trade then it is better to hold using DCA, because if one is afraid to trade it means he is in panic, and if he is in panic during trading then he will not be able to make the right decision, as a result he will lose his money. can So he should first learn trading well, get all knowledge about trading, and learn everything well then trade, and before that he should pay attention to DCA.
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What actually causes someone to want to persist when they hit a dead end??
Okay, let's take LUNA as an example... which is one of the top cryptocurrencies with many holders... but when LUNA was proven to be a scam in 2022, the price of $LUNA really fell but the trading volume was still there. Many people still can't believe their assets suddenly dropped 99% because this is a top coin... rather than selling at a disadvantageous and worthless price, maybe they choose to just hold, even though there is no hope...
Then a small number of people will also start trading LUNA coins when the price is cheap by buying a little, hoping that it will provide big profits
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What actually causes someone to want to persist when they hit a dead end??
Okay, let's take LUNA as an example... which is one of the top cryptocurrencies with many holders... but when LUNA was proven to be a scam in 2022, the price of $LUNA really fell but the trading volume was still there. Many people still can't believe their assets suddenly dropped 99% because this is a top coin... rather than selling at a disadvantageous and worthless price, maybe they choose to just hold, even though there is no hope...
Then a small number of people will also start trading LUNA coins when the price is cheap by buying a little, hoping that it will provide big profits
LUNa can no longer be expected if there are still those who own and hold this coin in the hope that it will increase again. It is better to think realistically that there are still many other potential coins, profit and loss in crypto are natural things. We must focus on looking at the future to find opportunities to make a profit, forget about the painful things because I also lost a lot of capital at that time, because I owned LUNA.
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What actually causes someone to want to persist when they hit a dead end??
Okay, let's take LUNA as an example... which is one of the top cryptocurrencies with many holders... but when LUNA was proven to be a scam in 2022, the price of $LUNA really fell but the trading volume was still there. Many people still can't believe their assets suddenly dropped 99% because this is a top coin... rather than selling at a disadvantageous and worthless price, maybe they choose to just hold, even though there is no hope...
Then a small number of people will also start trading LUNA coins when the price is cheap by buying a little, hoping that it will provide big profits
I can still remember the moment of that fall. As soon as the Luna crash happened, its price dropped so much that the market only saw sales expansion. The price suddenly started to go down. It doesn't cost much to understand the situation when a token worth $119 decrease within a moment and start several 0's like a meme coin. At one point, just before the trading pair on the Binance platform was announced to be closed, the price of Luna was so low that one could buy a large number for a small investment. But everyone who decided to buy at that time could make big profits.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
If you think you are afraid of losing much while trading then i would suggest you should go into doing DCA, with this you can only buy when the market are so poor that you would end up accumulating much bitcoin without having to trade and lose your assets. Staking is also good as you made mentioned but I don't like to stake instead that DCA is more preferable to me.
I also agree with you, your advice is a very useful one. If one is afraid to trade then it is better to hold using DCA, because if one is afraid to trade it means he is in panic, and if he is in panic during trading then he will not be able to make the right decision, as a result he will lose his money. can So he should first learn trading well, get all knowledge about trading, and learn everything well then trade, and before that he should pay attention to DCA.
As we know trading is a gradual process and must not rush it but some people think they can just venture into trading and become more successful in it without having to undergo thorough training and studying, and if any finding it too hard to understand then DCA can be good option while they take their proper lesson.
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As we know trading is a gradual process and must not rush it but some people think they can just venture into trading and become more successful in it without having to undergo thorough training and studying, and if any finding it too hard to understand then DCA can be good option while they take their proper lesson.
Trading in the crypto world is not easy and it takes a long process to become a professional trader, we must learn about analysis first before starting to trade.
the most suitable for those who are not experts in trading is long-term hold with DCA, I agree with this.
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As we know trading is a gradual process and must not rush it but some people think they can just venture into trading and become more successful in it without having to undergo thorough training and studying, and if any finding it too hard to understand then DCA can be good option while they take their proper lesson.
Trading in the crypto world is not easy and it takes a long process to become a professional trader, we must learn about analysis first before starting to trade.
the most suitable for those who are not experts in trading is long-term hold with DCA, I agree with this.
Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.
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Mainly i am a scalper. I trade different different coin for short time and for small profit. It just for short time. When i saw it made 2% or 3% profit then i close my trade. But it has some risk. Some times it were long trade. When market gose my Against then i have to wait for long time. But some times i close my trade with small loss. Even some times i have to do DCA when market go my Against.
After-all i am short trader and scalping is my favourite trading strategy. But some times it were long. But most of the time i receive profit and i close my trade.
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Mainly i am a scalper. I trade different different coin for short time and for small profit. It just for short time. When i saw it made 2% or 3% profit then i close my trade. But it has some risk. Some times it were long trade. When market gose my Against then i have to wait for long time. But some times i close my trade with small loss. Even some times i have to do DCA when market go my Against.
After-all i am short trader and scalping is my favourite trading strategy. But some times it were long. But most of the time i receive profit and i close my trade.
Scalper is the hardest type of trader i must say but also the profitable trader if you do it on the right way, the only issue on this one is that the risks involved is really that too high
since you would really be trying out to spot and deal up with volatility on an active manner on which this is really that not all traders would really be able to do so or something
that they cant be able to bare up with the risks and this is why they would rather be preferring swing trades or long trades rather than on dealing with volatility on active manner.
I have tested out something such as this but i cant be able to stand out the stress specially on a highly volatile market like crypto.
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Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.
Indeed. DCA means we gradually collect few coins for a long term holding. I think most people do DCA for holding more than 2 years. If they follow the 4 years cycle, it should be for holding 3-4 years. It is no problem to DCA while trading some coins. Sometimes, we can buy more coins because we use the profits from trading. So, trading actually can help us easier to do DCA if we allocate some of the profits from trading for buying more coins with DCA strategy. Anyway, newbies should learn it firstly before they do DCA. Even if it looks easy but it requires knowledge to do it properly.
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Well, there's no time that I don't trade but I usually prefer the market when there is less volatility because it prevent one's asset from being liquidated quickly, at least you can be able to predict the direction of the market and when enter a position. During a very volatile market, I normally trade with a very low leverage, so that if the market takes a turn against my position, I can easily exit the trade before it gets to the liquidation price. I don't like staking because the APY is small and it also put my coins at risk because I have to stake it with a third party platform.
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Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.
This is totally true and for me one of the best options to apply in bitcoin to be able to accumulate a lot while learning, how do you turn it on? For me the best way to learn how to trade bitcoin is by reading books, I know there are many traders on Youtube and social networks, but there is nothing better than reading books and realizing that things are much better when you have your own criteria given by a book, then while you learn about how to trade, you can gradually buy so that your bitcoin basket increases.
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Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.
This is totally true and for me one of the best options to apply in bitcoin to be able to accumulate a lot while learning, how do you turn it on? For me the best way to learn how to trade bitcoin is by reading books, I know there are many traders on Youtube and social networks, but there is nothing better than reading books and realizing that things are much better when you have your own criteria given by a book, then while you learn about how to trade, you can gradually buy so that your bitcoin basket increases.
I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.
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I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.
In seeking knowledge about crypto we can read in the media, for example forums such as altcoinstalk and bitcointalk or other groups that always review crypto. We need knowledge about crypto and we also have to learn to seek experience by starting to invest and trade.
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Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.
Indeed. DCA means we gradually collect few coins for a long term holding. I think most people do DCA for holding more than 2 years. If they follow the 4 years cycle, it should be for holding 3-4 years. It is no problem to DCA while trading some coins. Sometimes, we can buy more coins because we use the profits from trading. So, trading actually can help us easier to do DCA if we allocate some of the profits from trading for buying more coins with DCA strategy. Anyway, newbies should learn it firstly before they do DCA. Even if it looks easy but it requires knowledge to do it properly.
Yes you are right DCA are those who projected for above 2 years thereabouts but collection altcoins that is not bitcoin can not be hold for more than 2 years because one can't really predict the future of the altcoin instead bitcoin is more preferable. I am not directly saying that altcoin is bad or not but since their lifespan isn't the same with bitcoin anyone doing DCA should properly know the kind of coin they are DCA'ing otherwise holding for long could worth nothing than worthless coins..
However +1 for you.
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I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.
I do not blame people who want to learn through social networks, through YouTube, or through many courses, the rest because they are also making an effort, but basically I start from something that goes much further, it is that books are what make professionals professionals, a doctor, an engineer, we become professionals thanks to books and not to conferences or the impositions that are made or what is found on the internet , when the effort and knowledge does not come from a book everything changes and gives much more criteria to organize what we talk about.
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I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.
I do not blame people who want to learn through social networks, through YouTube, or through many courses, the rest because they are also making an effort, but basically I start from something that goes much further, it is that books are what make professionals professionals, a doctor, an engineer, we become professionals thanks to books and not to conferences or the impositions that are made or what is found on the internet , when the effort and knowledge does not come from a book everything changes and gives much more criteria to organize what we talk about.
We can learn from any media, you can say books will be the best media because doctors, engineers learn from there. but we can also learn from youtube, and other social media. so we don't have to read books to be smart. but maybe by watching videos on youtube we can understand it more easily.
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My trading style is medium term and long term, but for me the real challenge is short term trading, which is what I am learning now, because I see that the results are much faster and that caught my attention, so when I see that things could go more in that direction, I think one should do it, but it should be more focused on technical analysis than on fundamental analysis. The tools used the most are lines, and a lot of technical theory is used. I have not found a book that talks about short term trading.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
You know, I have read something and also learned as a trader that we should not trade against the trend, whatever strategies you use in the trading exchange, whether it is a CX or DEX platform. I'm just saying this: if you have an idea and extensive knowledge of trading, you will understand what I mean for sure.
But if you haven't yet, you need to study and learn the concept of trading in the crypto space, because trading in this industry field is actually wide and it's not as simple as some newbies who enter it think.
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Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.
I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.
You know, I have read something and also learned as a trader that we should not trade against the trend, whatever strategies you use in the trading exchange, whether it is a CX or DEX platform. I'm just saying this: if you have an idea and extensive knowledge of trading, you will understand what I mean for sure.
But if you haven't yet, you need to study and learn the concept of trading in the crypto space, because trading in this industry field is actually wide and it's not as simple as some newbies who enter it think.
Indeed, Trading against the trend is very risky in cases where you are not able to differentiate the nature of the market. If you already fully understand the direction of the trend, the strategy used will definitely be more effective, whether on the centralized exchange (CX) or decentralized (DEX). However, the fact is that the identification of trends within a market is something that is a crucial feature that underpins trading. For a beginner, one has to spend a lot of time to grasp things like trend analysis, risk management and entry-exit strategies among others. Crypto trading is much more than it appears to be, which is why it is very relevant to carry on with learning all the time to at least stay alive in the game.
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We can learn from any media, you can say books will be the best media because doctors, engineers learn from there. but we can also learn from youtube, and other social media. so we don't have to read books to be smart. but maybe by watching videos on youtube we can understand it more easily.
Yes, in fact, I'm not Saying that you can't learn from there, there is Valuable information there , but when you read books and then when you have a Very solid Learning , when you see some tyoutubers and others who put their analysis there, you can define who tells you lies and who tells you the Truth , Sometimes there are Many on Social Networks who sell smoke , when you don't have Arguments given in the books , you realize who is who, when you see more knowledge , it is worth learning and Apprehending, everything that means knowledge is always Welcome.
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We can learn from any media, you can say books will be the best media because doctors, engineers learn from there. but we can also learn from youtube, and other social media. so we don't have to read books to be smart. but maybe by watching videos on youtube we can understand it more easily.
Yes, in fact, I'm not Saying that you can't learn from there, there is Valuable information there , but when you read books and then when you have a Very solid Learning , when you see some tyoutubers and others who put their analysis there, you can define who tells you lies and who tells you the Truth , Sometimes there are Many on Social Networks who sell smoke , when you don't have Arguments given in the books , you realize who is who, when you see more knowledge , it is worth learning and Apprehending, everything that means knowledge is always Welcome.
Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
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I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.
I do not blame people who want to learn through social networks, through YouTube, or through many courses, the rest because they are also making an effort, but basically I start from something that goes much further, it is that books are what make professionals professionals, a doctor, an engineer, we become professionals thanks to books and not to conferences or the impositions that are made or what is found on the internet , when the effort and knowledge does not come from a book everything changes and gives much more criteria to organize what we talk about.
We can learn from any media, you can say books will be the best media because doctors, engineers learn from there. but we can also learn from youtube, and other social media. so we don't have to read books to be smart. but maybe by watching videos on youtube we can understand it more easily.
We are in a period where learning is achievable through different media. The primary sources of knowledge can still be classified as being books, however current, easy and digestible information may be obtained from applications like the YouTube or social networks.
By these choices, people have opportunity to choose the learning mode that is most effective. The matter in point to consider when leveraging the two media is how each is useful in enhancing our knowledge base.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
However, each person's ability to understand the contents of the book is different... even when they are given valid knowledge, they may not be able to apply it easily, this is because human limitations vary... we can absorb the knowledge, but applying it is not as easy as imagined...
Becoming a trader is the same as being a businessman, where consistency in learning and trying is the key... to reach a professional level, extra hard work is needed. As time goes by, a person will find his own talent, and that will be the turning point of all the sacrifices he has made... including knowing his best position, which type of trader he is most suited to.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
However, each person's ability to understand the contents of the book is different... even when they are given valid knowledge, they may not be able to apply it easily, this is because human limitations vary... we can absorb the knowledge, but applying it is not as easy as imagined...
Becoming a trader is the same as being a businessman, where consistency in learning and trying is the key... to reach a professional level, extra hard work is needed. As time goes by, a person will find his own talent, and that will be the turning point of all the sacrifices he has made... including knowing his best position, which type of trader he is most suited to.
Of course, it is always possible to grasp and apply knowledge to varying extent within every person and especially in something as intricate as trading. However, if we are trading sincerely and patiently it is possible to gradual overcome all the hardships that appear. The act of applying theory to practice is something that gets better even as we learn and it is thus evidenced that each candidate faced this tests.
Fortunately, as traders, we adapt a repeatable practice and are taught to master our feelings. By these efforts and by sweating it out we shall be able to come to a stage that was described as knowing one’s abilities or disability. Unconsciously we will be looking for the best trading strategy for the style and that is a good moment that all the efforts made are reflected.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
However, each person's ability to understand the contents of the book is different... even when they are given valid knowledge, they may not be able to apply it easily, this is because human limitations vary... we can absorb the knowledge, but applying it is not as easy as imagined...
Becoming a trader is the same as being a businessman, where consistency in learning and trying is the key... to reach a professional level, extra hard work is needed. As time goes by, a person will find his own talent, and that will be the turning point of all the sacrifices he has made... including knowing his best position, which type of trader he is most suited to.
I like your words "to reach a professional level, extra hard work is needed". This is really there because to be a professional trader we must always learn and practice in order to have goodness and good intuition in trading. If you just read the theory but without practicing it we will not be able to become an expert.
Many sacrifices must be done to become a professional trader, capital time and always focus on always practicing.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
Reading books is good, it is the way to gain knowledge. But we don't need to always learn from books, we have varied sources for learning. We must know which sources can be trusted, we can know it from their popularity and their track record. Well, to know something true or false, it requires deep analysis. It needs advanced learning, it is not enough to have basic knowledge. It is including to know the truth crypto news, we need deep analysis as well.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
Reading books is good, it is the way to gain knowledge. But we don't need to always learn from books, we have varied sources for learning. We must know which sources can be trusted, we can know it from their popularity and their track record. Well, to know something true or false, it requires deep analysis. It needs advanced learning, it is not enough to have basic knowledge. It is including to know the truth crypto news, we need deep analysis as well.
We also learn from other credible sources other than books, the information can be enriched. In the context of the present paper, one can conclude that increased depth and critical analysis make it possible to distinguish genuine facts from fakes. When we have a deeper perspective, which is particularly important in the rapidly evolving topics like crypto news, the situation will be much more transparent.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
Reading books is good, it is the way to gain knowledge. But we don't need to always learn from books, we have varied sources for learning. We must know which sources can be trusted, we can know it from their popularity and their track record. Well, to know something true or false, it requires deep analysis. It needs advanced learning, it is not enough to have basic knowledge. It is including to know the truth crypto news, we need deep analysis as well.
Reading up books would really be something that beneficial or something that could really be helpful yet it would really be adding up all the knowledge you do really need when dealing up with trading but other learnings could really be obtained through real experience or engagement specially on trading. It doesnt matter what kind of trader are you whether short term or long term
it will really be just that up to you which one would really be fitting out into your capability on which we know that not all would really be having that kind of same mentality on various things.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
The Best thing of all is that at the time of operating you are Clear about what you are Going to do , for example, if you already have the Basis of what you are going to do it is likely that this knowledge will help at the time of Operating , you also know that when you see any information you will be able to differentiate what is only correct and who Wants to deceive , that is like those who are always Looking for "gurus" of Trading who mostly tell lies so that people subscribe to Everything , their VIP Groups and everything that has to do with them to leave money , which for me does not make any kind of sense.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
The Best thing of all is that at the time of operating you are Clear about what you are Going to do , for example, if you already have the Basis of what you are going to do it is likely that this knowledge will help at the time of Operating , you also know that when you see any information you will be able to differentiate what is only correct and who Wants to deceive , that is like those who are always Looking for "gurus" of Trading who mostly tell lies so that people subscribe to Everything , their VIP Groups and everything that has to do with them to leave money , which for me does not make any kind of sense.
I have not followed the VIP group that teaches about trading, sharing signals and so on for a long time. because in my opinion we can learn by ourselves, do our own analysis to gain knowledge and experience by always practicing in trading. because in trading we need skills that we can use to gain profit.
In trading we must have our own analysis and do not have to follow the VIP group, because they are also not experts who always win every trade.
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Thus, when people read books, they are able to gain a basis of knowledge on the subject so that when analysis from different quarters in social media is viewed, the information viewed is analyzed critically. The more we possess solid knowledge in a given area and real sensation, the easier it is to make a distinction between a fake truth and actual sensation or emotion. Any true and profound information will always be useful to gain.
The Best thing of all is that at the time of operating you are Clear about what you are Going to do , for example, if you already have the Basis of what you are going to do it is likely that this knowledge will help at the time of Operating , you also know that when you see any information you will be able to differentiate what is only correct and who Wants to deceive , that is like those who are always Looking for "gurus" of Trading who mostly tell lies so that people subscribe to Everything , their VIP Groups and everything that has to do with them to leave money , which for me does not make any kind of sense.
I have not followed the VIP group that teaches about trading, sharing signals and so on for a long time. because in my opinion we can learn by ourselves, do our own analysis to gain knowledge and experience by always practicing in trading. because in trading we need skills that we can use to gain profit.
In trading we must have our own analysis and do not have to follow the VIP group, because they are also not experts who always win every trade.
Self trading affords us the platform to develop further analysis and personal experience when operating individually. This means that by continuously practising, we are able to build our capacity of reading the market as well as take correct actions. It is advised but getting better as an individual trader will be beneficial in the long run to the trader. However, as it will always remain that each of the trader has the ability to come up with his or her own analysis in addition to experience.
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The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I'm neither of the two because if you're a futures trader, there's always an opportunity whether the market goes up, or goes down.
The first type that you shared is something that I don't recommend traders are doing because it's like, whatever the case is, hold the token you bought, or the position you're into and whatever happens, stick to it. When you're a trader, always, always learn how to make a stop-loss and take-profit. Trust me when I say that the stop-loss feature has helped me multiple times already, and if only I didn't put a stop-loss on my position, I might've lost more money already.
As for the 2nd type, that's applicable when you're a spot trader because you will only make trades when the market is going up.
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By these choices, people have opportunity to choose the learning mode that is most effective. The matter in point to consider when leveraging the two media is how each is useful in enhancing our knowledge base.
Well I'm sure that those who took advantage must have more BTC because it was known that if Trump came then things were undoubtedly going to improve on the market, and so it was. It is likely that now things can get better. Many are pointing out that the price of BTC could reach more than $100k. The truth is that I have no doubt that this year 2024 that price could occur, it is a fact. For now things may look spectacular. It remains to be seen whether things like wars and all these problems in the world will improve. If so, it can be said that market conditions will be even more favorable.
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The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I'm neither of the two because if you're a futures trader, there's always an opportunity whether the market goes up, or goes down.
The first type that you shared is something that I don't recommend traders are doing because it's like, whatever the case is, hold the token you bought, or the position you're into and whatever happens, stick to it. When you're a trader, always, always learn how to make a stop-loss and take-profit. Trust me when I say that the stop-loss feature has helped me multiple times already, and if only I didn't put a stop-loss on my position, I might've lost more money already.
As for the 2nd type, that's applicable when you're a spot trader because you will only make trades when the market is going up.
I agree. In spot trading you can only have the option to buy, and to make money you have to sell it. The only direction of the market for you to make money as a spot trader is when the market is uptrend. But when it's downtrend, it's not good for your assets. Futures trader is flexible to any of the two, whether the market bias is uptrend or downtrend, you can make money to both.
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The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I'm neither of the two because if you're a futures trader, there's always an opportunity whether the market goes up, or goes down.
The first type that you shared is something that I don't recommend traders are doing because it's like, whatever the case is, hold the token you bought, or the position you're into and whatever happens, stick to it. When you're a trader, always, always learn how to make a stop-loss and take-profit. Trust me when I say that the stop-loss feature has helped me multiple times already, and if only I didn't put a stop-loss on my position, I might've lost more money already.
As for the 2nd type, that's applicable when you're a spot trader because you will only make trades when the market is going up.
I agree. In spot trading you can only have the option to buy, and to make money you have to sell it. The only direction of the market for you to make money as a spot trader is when the market is uptrend. But when it's downtrend, it's not good for your assets. Futures trader is flexible to any of the two, whether the market bias is uptrend or downtrend, you can make money to both.
In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.
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In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.
Continuous monitoring in spot trading is a good step but as you rely on spot trading, do not forget that you may lose out on a long-term view of the market. Stop loss is one of the tools that help, but it should not be the only way to minimise risks. There is certainly more that can be done with futures trading but, nonetheless, entering it blindly leads to losses. In this form of activity, we need to be relatively more ready withl the kind of knowledge and stategies that could considered mature.
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The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.
I'm neither of the two because if you're a futures trader, there's always an opportunity whether the market goes up, or goes down.
The first type that you shared is something that I don't recommend traders are doing because it's like, whatever the case is, hold the token you bought, or the position you're into and whatever happens, stick to it. When you're a trader, always, always learn how to make a stop-loss and take-profit. Trust me when I say that the stop-loss feature has helped me multiple times already, and if only I didn't put a stop-loss on my position, I might've lost more money already.
As for the 2nd type, that's applicable when you're a spot trader because you will only make trades when the market is going up.
I agree. In spot trading you can only have the option to buy, and to make money you have to sell it. The only direction of the market for you to make money as a spot trader is when the market is uptrend. But when it's downtrend, it's not good for your assets. Futures trader is flexible to any of the two, whether the market bias is uptrend or downtrend, you can make money to both.
In spot trading we must always monitor the market, because the crypto market is very volatile and suddenly if the price drops we do not lose, usually I use stop loss. Futures trading is more complete but if you do not have experience in futures trading we should not do it.
There is no need to monitor the price from time to time if you put a stop-loss, it will trigger immediately and closed the position. But I don't think if you can use that stuff in spot trading, because once you buy an assets it will reflected to your wallet. You can only set a sell order right after you buy, and once the price drops it will automatically trigger or maybe you can set a notification when the price drastically fall to the price you've set.
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I have not followed the VIP group that teaches about trading, sharing signals and so on for a long time. because in my opinion we can learn by ourselves, do our own analysis to gain knowledge and experience by always practicing in trading. because in trading we need skills that we can use to gain profit.
In trading we must have our own analysis and do not have to follow the VIP group, because they are also not experts who always win every trade.
You're right, in this case things can be different because we must trust what we Know, what I know, the signals and VIP groups things are Strange, they don't Explain , they don't say Anything, they just say to put the signal and that's it, I don't see the point in that. So I have learned something, sometimes we enter the market and we see, the best thing is to look for what we want if a candle parity , if a Candle rejection or a setup, I enter like this and it goes well , well sometimes it goes well for me , but I Enter with a clear idea, so far that has worked for me.
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You're right, in this case things can be different because we must trust what we Know, what I know, the signals and VIP groups things are Strange, they don't Explain , they don't say Anything, they just say to put the signal and that's it, I don't see the point in that. So I have learned something, sometimes we enter the market and we see, the best thing is to look for what we want if a candle parity , if a Candle rejection or a setup, I enter like this and it goes well , well sometimes it goes well for me , but I Enter with a clear idea, so far that has worked for me.
Indeed, based on my experience in the past, when I first started learning trading, I had joined a VIP trading group, but because I didn't really understand trading, even how to read indicators, and some terms in trading, I found it very difficult to apply the numbers and some information in the group when I was going to take a position. Especially if I was late opening the group and in the end the signal given was 2 hours ago, I would be confused about what to do, because if I followed the signal it was too late and I often lost. That's why for me who was really a layman at that time, when I got a signal from the VIP group, it wouldn't work optimally if we didn't understand some knowledge in trading. The point is, prepare yourself thoroughly about various trading knowledge before entering the world of trading. And while learning it, you can also start with a small nominal amount first to practice managing risk. and all of that must be learning by doing, but still manage the risks and funds wisely.
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My trading career has evolved a lot in all those years from started doing day trades to now trade if I just wanted to make some profits. I am not sure which category I fall under but this is how I am at the moment.
We doesn't have to stick with the market all the time, we can just change the strategies according to the market trends and make most out of it and it's not a disappointment or anything it's just being smart.
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My trading career has evolved a lot in all those years from started doing day trades to now trade if I just wanted to make some profits. I am not sure which category I fall under but this is how I am at the moment.
We doesn't have to stick with the market all the time, we can just change the strategies according to the market trends and make most out of it and it's not a disappointment or anything it's just being smart.
Maybe you are already a professional trader because your trading career is good. My trading career is far from good because sometimes I also make mistakes in choosing a strategy, I just follow market trends and read market movements. Because I diversify when trading, my profits are greater than my losses, this is what makes me stay in trading.
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My trading career has evolved a lot in all those years from started doing day trades to now trade if I just wanted to make some profits. I am not sure which category I fall under but this is how I am at the moment.
We doesn't have to stick with the market all the time, we can just change the strategies according to the market trends and make most out of it and it's not a disappointment or anything it's just being smart.
Maybe you are already a professional trader because your trading career is good. My trading career is far from good because sometimes I also make mistakes in choosing a strategy, I just follow market trends and read market movements. Because I diversify when trading, my profits are greater than my losses, this is what makes me stay in trading.
If you are making profits than it's being successful in what you are doing. For me I incurred losses while day trading that's what made me to trade lesser over the time. Everyone has different needs and strategies, mine is just long term success over the short term profits and with the guidance of experts I changed my path because with trading we make profits as well as loss, for most the net gain will be little that doesn't worth the effort we are giving in.
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Indeed, based on my experience in the past, when I first started learning trading, I had joined a VIP trading group, but because I didn't really understand trading, even how to read indicators, and some terms in trading, I found it very difficult to apply the numbers and some information in the group when I was going to take a position. Especially if I was late opening the group and in the end the signal given was 2 hours ago, I would be confused about what to do, because if I followed the signal it was too late and I often lost. That's why for me who was really a layman at that time, when I got a signal from the VIP group, it wouldn't work optimally if we didn't understand some knowledge in trading. The point is, prepare yourself thoroughly about various trading knowledge before entering the world of trading. And while learning it, you can also start with a small nominal amount first to practice managing risk. and all of that must be learning by doing, but still manage the risks and funds wisely.
Something similar happened to me, for example with binary options, it was a Trading that I did not understand, it was with other pairs that the truth is I had no idea how to analyze because it was in 1 minute, so when I entered the VIP group the signals are given on a special platform and I did them , but in many I lost, then I realized that before entering a signal you have to do a prior analysis to go with the signal because if you saw something very Obvious about the market that could go up and the signal was 1 minute down, then those things should be Analyzed and decided not to do them , I learned those things in a live from that same trader , but before that I lost an amount of money that made me Angry.
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If you are making profits than it's being successful in what you are doing. For me I incurred losses while day trading that's what made me to trade lesser over the time. Everyone has different needs and strategies, mine is just long term success over the short term profits and with the guidance of experts I changed my path because with trading we make profits as well as loss, for most the net gain will be little that doesn't worth the effort we are giving in.
If you have not been able to get profit in daily trading, it means you have to train your skills in making analysis and strategy. because daily trading is not easy because we have to be able to make short-term predictions. for those who fail in daily trading, they can choose medium-term trading. Maybe the ability of analysis and prediction in the medium term. so all is adjusted to our abilities and skills in trading.
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If you have not been able to get profit in daily trading, it means you have to train your skills in making analysis and strategy. because daily trading is not easy because we have to be able to make short-term predictions. for those who fail in daily trading, they can choose medium-term trading. Maybe the ability of analysis and prediction in the medium term. so all is adjusted to our abilities and skills in trading.
It is true that day trading does need a lot of focus and the capacity to analyse trends in a short space of time. If the wanted outcomes have not been attained, it may mean that as individuals or a team, we still lack adequate knowledge of patterns in the market and other risks. Every strategy would also take some time in studying and managing in the market, therefore the best way to maintain on learning is not to hurry into decisions that can harm.
That being the case, it is easy to adjust from a short-term strategy which feels too daunting to a medium-term trading model. This affords more time to consider the data, learn the trends and arrive at more mature decisions. All of these choices should reflect who we are and our capabilities so that trading remains enjoyable and is just not a chore.
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If you are making profits than it's being successful in what you are doing. For me I incurred losses while day trading that's what made me to trade lesser over the time. Everyone has different needs and strategies, mine is just long term success over the short term profits and with the guidance of experts I changed my path because with trading we make profits as well as loss, for most the net gain will be little that doesn't worth the effort we are giving in.
Sometimes short-term trading can yield a lot of profit, but we need to have experience in knowing when to trade with a short period of time. If we do not have any experience in this regard, we will never make a profit. If we want to trade with a long-term period, we must find some good coins from the market in which we will not have any risk, but we have to accept that when trading, we have to take risks, if we do not take risks, we can never be successful. We have to take risks only when there is a possibility of getting something good if we take risks. If we can find some good coins and invest in them for a long time, it can be a very good thing for us.
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If you understand what type of trader you are then it will play a very helpful role in your future trading. Because the trading strategy is different for each type of trader. Because of this no matter how many profitable strategies you determine, it will never be profitable to trade. For this you need to know and understand the type of trading you are interested in doing. As trades are made for short periods, there is no possibility of over-lit losses. You have to trade according to the capital size. Practice more than one strategy of your choice so that you can get guaranteed profits.
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If you are making profits than it's being successful in what you are doing. For me I incurred losses while day trading that's what made me to trade lesser over the time. Everyone has different needs and strategies, mine is just long term success over the short term profits and with the guidance of experts I changed my path because with trading we make profits as well as loss, for most the net gain will be little that doesn't worth the effort we are giving in.
Sometimes short-term trading can yield a lot of profit, but we need to have experience in knowing when to trade with a short period of time. If we do not have any experience in this regard, we will never make a profit. If we want to trade with a long-term period, we must find some good coins from the market in which we will not have any risk, but we have to accept that when trading, we have to take risks, if we do not take risks, we can never be successful. We have to take risks only when there is a possibility of getting something good if we take risks. If we can find some good coins and invest in them for a long time, it can be a very good thing for us.
In doing short-term trading we need a lot of time to monitor the market because short-term trading requires strategy, proper analysis. but not everyone has a lot of time to focus on trading, so some of them choose to become medium and long-term investors.
it is not easy to analyze and make predictions for the short term because the crypto market is very volatile and this requires experience and skills to be able to predict close to accuracy.
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If you understand what type of trader you are then it will play a very helpful role in your future trading. Because the trading strategy is different for each type of trader. Because of this no matter how many profitable strategies you determine, it will never be profitable to trade. For this you need to know and understand the type of trading you are interested in doing. As trades are made for short periods, there is no possibility of over-lit losses. You have to trade according to the capital size. Practice more than one strategy of your choice so that you can get guaranteed profits.
To find out what type of trading we can do, we have to try it by training our skills in trading. Because by practicing, strategizing and trying to improve every trading strategy we do, we will find what trading suits us. Honestly, I never fit in with futures trading, that's why I don't do futures trading. because for me maybe my experience and knowledge about futures trading are not good enough.
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If you understand what type of trader you are then it will play a very helpful role in your future trading. Because the trading strategy is different for each type of trader. Because of this no matter how many profitable strategies you determine, it will never be profitable to trade. For this you need to know and understand the type of trading you are interested in doing. As trades are made for short periods, there is no possibility of over-lit losses. You have to trade according to the capital size. Practice more than one strategy of your choice so that you can get guaranteed profits.
To find out what type of trading we can do, we have to try it by training our skills in trading. Because by practicing, strategizing and trying to improve every trading strategy we do, we will find what trading suits us. Honestly, I never fit in with futures trading, that's why I don't do futures trading. because for me maybe my experience and knowledge about futures trading are not good enough.
Futures contracts obligate you to buy or sell cryptocurrency at a specified price at a specified future date. Many people relate to it but I think any one will be best for you if you can practice it well. The maximum loss payable is limited to the premium, unlike futures, where traders face higher risk and potential liquidation due to leverage and margin requirements. Beginners also get the flexibility to exit unfavorable trade. My younger brother makes a lot of money from just one day trading because he only researched trading since he came to crypto.
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If you understand what type of trader you are then it will play a very helpful role in your future trading. Because the trading strategy is different for each type of trader. Because of this no matter how many profitable strategies you determine, it will never be profitable to trade. For this you need to know and understand the type of trading you are interested in doing. As trades are made for short periods, there is no possibility of over-lit losses. You have to trade according to the capital size. Practice more than one strategy of your choice so that you can get guaranteed profits.
To find out what type of trading we can do, we have to try it by training our skills in trading. Because by practicing, strategizing and trying to improve every trading strategy we do, we will find what trading suits us. Honestly, I never fit in with futures trading, that's why I don't do futures trading. because for me maybe my experience and knowledge about futures trading are not good enough.
Futures contracts obligate you to buy or sell cryptocurrency at a specified price at a specified future date. Many people relate to it but I think any one will be best for you if you can practice it well. The maximum loss payable is limited to the premium, unlike futures, where traders face higher risk and potential liquidation due to leverage and margin requirements. Beginners also get the flexibility to exit unfavorable trade. My younger brother makes a lot of money from just one day trading because he only researched trading since he came to crypto.
Maybe your brother already has good knowledge and experience, because when he entered crypto he focused on trading and had a lot of time to do research and make analysis.
but for those who have real-world activities, only a little free time to trade, the possibility of being skilled in futures trading will be difficult and most fail.
Trading is our willingness to trade money with accurate analysis and predictions in order to maximize the profits we can get.
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If you understand what type of trader you are then it will play a very helpful role in your future trading. Because the trading strategy is different for each type of trader. Because of this no matter how many profitable strategies you determine, it will never be profitable to trade. For this you need to know and understand the type of trading you are interested in doing. As trades are made for short periods, there is no possibility of over-lit losses. You have to trade according to the capital size. Practice more than one strategy of your choice so that you can get guaranteed profits.
To find out what type of trading we can do, we have to try it by training our skills in trading. Because by practicing, strategizing and trying to improve every trading strategy we do, we will find what trading suits us. Honestly, I never fit in with futures trading, that's why I don't do futures trading. because for me maybe my experience and knowledge about futures trading are not good enough.
Futures contracts obligate you to buy or sell cryptocurrency at a specified price at a specified future date. Many people relate to it but I think any one will be best for you if you can practice it well. The maximum loss payable is limited to the premium, unlike futures, where traders face higher risk and potential liquidation due to leverage and margin requirements. Beginners also get the flexibility to exit unfavorable trade. My younger brother makes a lot of money from just one day trading because he only researched trading since he came to crypto.
Maybe your brother already has good knowledge and experience, because when he entered crypto he focused on trading and had a lot of time to do research and make analysis.
but for those who have real-world activities, only a little free time to trade, the possibility of being skilled in futures trading will be difficult and most fail.
Trading is our willingness to trade money with accurate analysis and predictions in order to maximize the profits we can get.
If one is willing to allocate time and focus into trading, chances are high one will reap off from the trade. Now, for others of us who have other busy lives where coming close to that level of expertise is not possible, that does not mean that there are no ways to engage. We can apply relatively basic analytical techniques like investing for the long-term or trading using a short amount of time. There is, therefore, need to ensure equal prioritisation of risk and do not make hasty decisions without proper foundation. Still in the physical realm we are not obsolete and still can make a good deal with the crypto world even though time is running out.
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If one is willing to allocate time and focus into trading, chances are high one will reap off from the trade. Now, for others of us who have other busy lives where coming close to that level of expertise is not possible, that does not mean that there are no ways to engage. We can apply relatively basic analytical techniques like investing for the long-term or trading using a short amount of time. There is, therefore, need to ensure equal prioritisation of risk and do not make hasty decisions without proper foundation. Still in the physical realm we are not obsolete and still can make a good deal with the crypto world even though time is running out.
allocating time and focus on trading depends on the person's busyness in the real world, if they have a busyness in the real world they only use their free time to trade and of course they are not focused on doing it.
because becoming a professional trader requires focus and discipline in making technical and financial analysis and developing the right strategy.
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If one is willing to allocate time and focus into trading, chances are high one will reap off from the trade. Now, for others of us who have other busy lives where coming close to that level of expertise is not possible, that does not mean that there are no ways to engage. We can apply relatively basic analytical techniques like investing for the long-term or trading using a short amount of time. There is, therefore, need to ensure equal prioritisation of risk and do not make hasty decisions without proper foundation. Still in the physical realm we are not obsolete and still can make a good deal with the crypto world even though time is running out.
allocating time and focus on trading depends on the person's busyness in the real world, if they have a busyness in the real world they only use their free time to trade and of course they are not focused on doing it.
because becoming a professional trader requires focus and discipline in making technical and financial analysis and developing the right strategy.
Of course, in our rushing daily lives, we spend much less time and effort on trading than in times when we are not so busy. As for others who have a lot of things happening outside of trading it is actually very difficult indeed to fully dedicate yourself to analysis and such like. However, that does not stop us from keeping on having knowledge and making proper choices. Thus with the best time allocation, we can always trade and at the same time not defy other responsibilities that we have. As time goes by, experience and skill will build although doing so while still bargaining the time issue.
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I will say that am a dynamic kind of a trader, because i make use of different strategies as well as trading patterns, this is because i see opportunities coming from anywhere and i try to make myself positioned towards grabbing on it, trading is not what we have to apply a single approach for in some cases, we may have to think twice and also be more dynamic in the way we are trading.
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My trading typical actually dynamic but keep try with short term trading after price dumping will move to be long term trading, not consistent yet with my typical trading but priority keep become short term trader earn profitable consistency every day. Some time after price dumping I hold until have time get recovery and stop loss if get down under around 10%.
Every trader typical have advantage and disadvantage, for short term get profitable consistent although have small and the long term trader potential earn much profitable but need waiting for longer time need have other passive or source income.
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I will say that am a dynamic kind of a trader, because i make use of different strategies as well as trading patterns, this is because i see opportunities coming from anywhere and i try to make myself positioned towards grabbing on it, trading is not what we have to apply a single approach for in some cases, we may have to think twice and also be more dynamic in the way we are trading.
But when we use various strategies in trading, of course it must be equipped with sufficient knowledge, or in other words we can master the strategy that we will use.
Because usually we will be a little confused when applying different strategies if we don't really understand them. I mean this is something that beginners must pay attention to, don't let them think all strategies are easy, when in fact it is not easy at all.
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Well, a lot of investors tend to take break when the market is down and it's quite natural as nobody wants to lose money. However, when the market goes uptrend most of the investors return to the market.
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I will say that am a dynamic kind of a trader, because i make use of different strategies as well as trading patterns, this is because i see opportunities coming from anywhere and i try to make myself positioned towards grabbing on it, trading is not what we have to apply a single approach for in some cases, we may have to think twice and also be more dynamic in the way we are trading.
But when we use various strategies in trading, of course it must be equipped with sufficient knowledge, or in other words we can master the strategy that we will use.
Because usually we will be a little confused when applying different strategies if we don't really understand them. I mean this is something that beginners must pay attention to, don't let them think all strategies are easy, when in fact it is not easy at all.
strategy in trading is not easy, we must do analysis and create the right strategy in order to get the profit according to our target. This all requires knowledge and experience that makes a trader must always practice in order to have good skills and also have good emotional management.
We can choose what trading suits us, of course adjusted to our ability in trading. If you have experience and the right strategy in futures trading, we can choose futures. or spot trading, this is also a good choice.
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I will say that am a dynamic kind of a trader, because i make use of different strategies as well as trading patterns, this is because i see opportunities coming from anywhere and i try to make myself positioned towards grabbing on it, trading is not what we have to apply a single approach for in some cases, we may have to think twice and also be more dynamic in the way we are trading.
But when we use various strategies in trading, of course it must be equipped with sufficient knowledge, or in other words we can master the strategy that we will use.
Because usually we will be a little confused when applying different strategies if we don't really understand them. I mean this is something that beginners must pay attention to, don't let them think all strategies are easy, when in fact it is not easy at all.
strategy in trading is not easy, we must do analysis and create the right strategy in order to get the profit according to our target. This all requires knowledge and experience that makes a trader must always practice in order to have good skills and also have good emotional management.
We can choose what trading suits us, of course adjusted to our ability in trading. If you have experience and the right strategy in futures trading, we can choose futures. or spot trading, this is also a good choice.
Yes, Trading using a strategy requires time and it also requires patience because it involves learning and make changes to the market condition. If we select a trading method that is within our capacity, we can be conversant with this process. Futures or spot trading is one that can give good result when prepared well with strategies in advance. However, stable emotional management reinforces that we remain coherent from one moment to another and then the action taken is more oriented toward achieving the most desired objectives.
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I will say that am a dynamic kind of a trader, because i make use of different strategies as well as trading patterns, this is because i see opportunities coming from anywhere and i try to make myself positioned towards grabbing on it, trading is not what we have to apply a single approach for in some cases, we may have to think twice and also be more dynamic in the way we are trading.
We must always trade carefully when trading, if we make a wrong decision while trading, it can be a big loss for us. So I think if we can understand the market before trading and then start trading, it can be much safer for us. Sometimes when the market conditions are very bad, it is good for us if we can refrain from trading, we will never take risks in trading, so our money will be safe.
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But when we use various strategies in trading, of course it must be equipped with sufficient knowledge, or in other words we can master the strategy that we will use.
Because usually we will be a little confused when applying different strategies if we don't really understand them. I mean this is something that beginners must pay attention to, don't let them think all strategies are easy, when in fact it is not easy at all.
strategy in trading is not easy, we must do analysis and create the right strategy in order to get the profit according to our target. This all requires knowledge and experience that makes a trader must always practice in order to have good skills and also have good emotional management.
We can choose what trading suits us, of course adjusted to our ability in trading. If you have experience and the right strategy in futures trading, we can choose futures. or spot trading, this is also a good choice.
I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.
Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.
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I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.
Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.
A New Bies must learn a lot and might be able to learn trading spots to have knowledge and experience in trading so they can try to learn trading with other methods such as futures and margin.
Trading is not something that can be learned quickly but must have good skills and experience.
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I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.
Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.
Futures trading is very risky, if we do not have experience and knowledge there, we should not do futures trading because we will lose and many people experience defeat in futures trading because they do not have the skills and experience. I agree that we should learn spot trading, if we are still newbies.
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I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.
Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.
Futures trading is very risky, if we do not have experience and knowledge there, we should not do futures trading because we will lose and many people experience defeat in futures trading because they do not have the skills and experience. I agree that we should learn spot trading, if we are still newbies.
some seasoned traders even suggest not to pretend to be a day trader because this is a tiresome job that you have to wake up certain hours.
the actor who played Thanos named Josh Brolin is actually a trader which i learned a few days ago as he was interviewed. he still do trade but only when the price goes up but what he is doing is just hold for a long time like a swing trader. this guy has the capital to keep his futures account fat but he is not doing it.
seem like one of the guys in Hollywood who actually do the hard work of learning on his own to make money.
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I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.
Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.
Futures trading is very risky, if we do not have experience and knowledge there, we should not do futures trading because we will lose and many people experience defeat in futures trading because they do not have the skills and experience. I agree that we should learn spot trading, if we are still newbies.
The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.
While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.
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I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.
Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.
Futures trading is very risky, if we do not have experience and knowledge there, we should not do futures trading because we will lose and many people experience defeat in futures trading because they do not have the skills and experience. I agree that we should learn spot trading, if we are still newbies.
The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.
While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.
You are right in doing futures trading, what can save us from losing everything is stop loss because in this way we only lose part of our capital. While in our spot trading, if there is a decline we only need to hold and wait patiently because the price will rise again. In trading, everything has risks and is adjusted to our courage and expertise in taking the risk.
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The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.
While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.
You are right in doing futures trading, what can save us from losing everything is stop loss because in this way we only lose part of our capital. While in our spot trading, if there is a decline we only need to hold and wait patiently because the price will rise again. In trading, everything has risks and is adjusted to our courage and expertise in taking the risk.
Well that's the point, maybe patience is one of the things we have to have when there is a decline and when it lasts long it makes us have to wait even longer.
However, one thing we can do when there is a decline is to accumulate the coins we hold, namely by DCA, especially when the coin we hold is bitcoin, I think it will return to the highest price, it's just that once again we just need patience.
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The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.
While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.
You are right in doing futures trading, what can save us from losing everything is stop loss because in this way we only lose part of our capital. While in our spot trading, if there is a decline we only need to hold and wait patiently because the price will rise again. In trading, everything has risks and is adjusted to our courage and expertise in taking the risk.
Well that's the point, maybe patience is one of the things we have to have when there is a decline and when it lasts long it makes us have to wait even longer.
However, one thing we can do when there is a decline is to accumulate the coins we hold, namely by DCA, especially when the coin we hold is bitcoin, I think it will return to the highest price, it's just that once again we just need patience.
As many people say, the DCA method is the most effective method to be able to increase our crypto assets with gradual purchases according to our purchasing power, because everyone has different capital capabilities to buy coins.
I also make purchases with the DCA method when there is a price drop in the crypto market and wait until the market recovers if I get stuck in a high price and can't sell my coins.
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As many people say, the DCA method is the most effective method to be able to increase our crypto assets with gradual purchases according to our purchasing power, because everyone has different capital capabilities to buy coins.
I also make purchases with the DCA method when there is a price drop in the crypto market and wait until the market recovers if I get stuck in a high price and can't sell my coins.
I agree that acquiring the crypto assets incrementally is a rational strategy for those who’d like to use the service but are not willing to be affected by significant losses at one point in time. Purchasing with the DCA approach means that purchases are directed to already existing capacities, so this step is not as heavy as it seems. When market prices decline, the method also enables us to have better average price, which in turn afford us better chance to make profit when market price is high.
The best course of action here is to just wait it out and conserve your resources because it is only natural that markets may be unkind in making it hard to sell at high prices while values in crypto are constantly in flux. With this step, capital is preserved not only, but the chance to form a portfolio is also provided.
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The number 1 set of traders are people that really take their whole time watching the market candles, they make judicious use of the market for their profits no matter the direction the market faces. While the number 2 sets of traders are more like holders and long term investors l, that waits for the market on any direction, (i.e price moves up, they take out profit and while price moves down, they buy). They do other things than focusing on the candles.
On any of these two forms of traders or trading, profits are being made from it. For me, I will count myself to be in the number 2 form of traders. I have a real life job and activities here in the forum, I just put a trade and secure it with stop loss and take profit. Issues I face with this, is most times the market takes me out on the stop loss before heading to my take profit, it's so frustrating at times.
I'm getting more interested with the Trailing Stop method of trading (still learning it). I have only read and watched how it is used, have not fully started using it. I'm sure it is safer for the number 2 form of traders, as we are not always in the market all day.
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I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.
Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.
Spot trading is the best for beginner who are looking to dive into the world of cryptocurrency and explore the trading part of it. Spot trading gives an insight as to what in detail why futures trading can be. As spot trading does not require you to put your money into trading in the futures, it has less risk and gives a very perfect understanding of how the futures trading works while still owning your own assets.
Cryptocurrency is never a get rich quick scheme and any beginner that tries to see it as one will not be able in the future to handle the cons that comes with it as they’re is more likelihood that he/she will face the disadvantageous part of it sooner. Spot trading should first be learned by a beginners and subsequently they can move to futures trading with a better explanation telling their differences.
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I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.
Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.
Futures trading is very risky, if we do not have experience and knowledge there, we should not do futures trading because we will lose and many people experience defeat in futures trading because they do not have the skills and experience. I agree that we should learn spot trading, if we are still newbies.
The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.
While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.
You are right in doing futures trading, what can save us from losing everything is stop loss because in this way we only lose part of our capital. While in our spot trading, if there is a decline we only need to hold and wait patiently because the price will rise again. In trading, everything has risks and is adjusted to our courage and expertise in taking the risk.
Many people say that futures trading is very risky and stressful, which is true if you don't set SL, because it can eat up your entire fund balance overnight. This has happened to me several times before. And it really learned a lesson for me.
So now, I always set TP and SL because it's very important and when I go to sleep, I add the Trailing stop again to capture all the profit we can get
from the position we will make.
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For what I know, we have Scalpers, Position Trader, Swing Trader and Day Trader and I can categorically say that I am a day trader and sometimes too, I scalp. If you are someone that doesn't trade all the time, then you should be a position trader or a swing Trader that can hold a trading position for weeks month but if you are not also in that category, then I don't know where you fall into. Trading is about consistent, it's either you are among the four types of traders or you are not trading at all.
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As many people say, the DCA method is the most effective method to be able to increase our crypto assets with gradual purchases according to our purchasing power, because everyone has different capital capabilities to buy coins.
I also make purchases with the DCA method when there is a price drop in the crypto market and wait until the market recovers if I get stuck in a high price and can't sell my coins.
It's that the methods are the best for when you want to achieve your desire , for example, btc is expensive, buying it at once like that is difficult , because having that money for many is suddenly hard, so buying it daily a little because little by little it fills up, and that's the idea, to have an excuse for that, I am applying it and it has gone well for me, the idea is to accumulate as much as possible so that we can have many benefits in what remains of this year and in 2025 that is coming there are many good things , that is what is expected.