Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Inspector on December 08, 2024, 10:54:13 AM
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Crypto trading can be both exciting and challenging. The market’s volatility creates opportunities for profit but also comes with risks. Over time, I’ve learned the importance of having a strategy, staying updated on market trends, and never investing more than I can afford to lose. Whether you’re into day trading or holding long-term, discipline and research make all the difference. What’s been your approach to trading?
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With its big potential to make someone get the money he can be looking for, there are also many risks involved in trading even in the cryptocurrency industry. One ahs to be aware of these risks so he can find the ways to mitigate them and then at the end still come up as a big winner. one should have the right mindset and the education (and we can get this education online or have a good mentor to start with) one must develop the skills and the strategy to thrive and flourish.
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I hope everybody expects what they do when you are trying to trade. Many people think it is easy, but going against the market and other retail traders is hard, and you must be consistent. I agree that staying on the market trends is a practical approach and ensuring that you are doing risk management. Do some other methods, like one for trading, the other for HODLing and meme investing, etc.?
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Crypto trading can be both exciting and challenging. The market’s volatility creates opportunities for profit but also comes with risks. Over time, I’ve learned the importance of having a strategy, staying updated on market trends, and never investing more than I can afford to lose. Whether you’re into day trading or holding long-term, discipline and research make all the difference. What’s been your approach to trading?
I think that you could express a best opinion in your comment. So i am also agree with your prefer comment. We also believe that crypto currency market is always depending on up and down. So when we want to trade in cryptocurrency market for best profit, we must understanding in cryptocurrency market. Because without knowledge in crypto trading, we could not earn best profit from crypto currency market. But we also know that crypto trading is also risky, who don’t know in cryptocurrency world. So i told that, for best profit we must understanding in cryptocurrency market and trading system.
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I hope everybody expects what they do when you are trying to trade. Many people think it is easy, but going against the market and other retail traders is hard, and you must be consistent. I agree that staying on the market trends is a practical approach and ensuring that you are doing risk management. Do some other methods, like one for trading, the other for HODLing and meme investing, etc.?
For me if you want to succeed in trading then the basics must be taken seriously.. just the basics mate. Support, resistance, demand and supply and risk management. I'm assuming Op is talking about futures trading..
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I hope everybody expects what they do when you are trying to trade. Many people think it is easy, but going against the market and other retail traders is hard, and you must be consistent. I agree that staying on the market trends is a practical approach and ensuring that you are doing risk management. Do some other methods, like one for trading, the other for HODLing and meme investing, etc.?
For me if you want to succeed in trading then the basics must be taken seriously.. just the basics mate. Support, resistance, demand and supply and risk management. I'm assuming Op is talking about futures trading..
Trading cryptocurrencies with just basic steps like, support resistance, demand and supply will not enhance your trading experiences, and you may not be successful in my opinion. There are other trading features options that are required to make your trading successful, these includes,
Technical analysis, Fundamentals analysis, understanding market hype, knowing when there are market speculations.
Again, there are also trending patterns and movements to learn; and you are required to learn the use of certain trading indicators to boost you trading experiences.
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What’s been your approach to trading?
same as everyone do, sell high.
during the bear market i guess most of those swing traders are just tying to find a way to spend less and just live off with the money they profited while working still. it seem to be paying of when the market is getting good since we all accumulate BTC in bear market buying low.
don't pretend to be a day trader when you can't keep up. only those in the futures market gain big in bear market.
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I am only into future trading which is buy low during the bear market and sell high during the bull market. This is what works for me because I don't have the time to monitor the market and make market analysis because I am too busy for that. However, trading gives quick money but it is very risk for those trading daily.
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Crypto trading can be both exciting and challenging. The market’s volatility creates opportunities for profit but also comes with risks. Over time, I’ve learned the importance of having a strategy, staying updated on market trends, and never investing more than I can afford to lose. Whether you’re into day trading or holding long-term, discipline and research make all the difference. What’s been your approach to trading?
Well spoken, we need to learn, have a particular trading strategy, develop the skill and know what we are doing, once we are intentional about it, we are going to make the best of it because we know the direction at which we are taking and how to tackle the market in times of uncertainties, some of these things are what some traders could abide or follow in ither for them to have more accurate trades than the failed ones.
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Well spoken, we need to learn, have a particular trading strategy, develop the skill and know what we are doing, once we are intentional about it, we are going to make the best of it because we know the direction at which we are taking and how to tackle the market in times of uncertainties, some of these things are what some traders could abide or follow in ither for them to have more accurate trades than the failed ones.
Honestly, we don't know the direction because the crypto market is unpredictable. What you can only do as a trader is know the possibilities, which is why we are attempting to conduct a technical analysis to determine the probabilities. I am not a professional trader, but trading intraday is more risky than swing trading or long term trading.
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Well spoken, we need to learn, have a particular trading strategy, develop the skill and know what we are doing, once we are intentional about it, we are going to make the best of it because we know the direction at which we are taking and how to tackle the market in times of uncertainties, some of these things are what some traders could abide or follow in ither for them to have more accurate trades than the failed ones.
Honestly, we don't know the direction because the crypto market is unpredictable. What you can only do as a trader is know the possibilities, which is why we are attempting to conduct a technical analysis to determine the probabilities. I am not a professional trader, but trading intraday is more risky than swing trading or long term trading.
That's why whenever I'm making some trades or entering a position, I always put a stop-loss and take profit. It's because of the fact that we don't know how the market will move just like a few days ago when the market went down. It went down when nobody's expecting it. It went down when everybody's bullish on the market.
Day trading is very risky, and this market downturn made me loss more than half of my total capital with one trade that got liquidated. I made a mistake and put a high leverage, but didn't create a stop-loss that's why I lost it all. This is a perfect example of "unpredictable market". Swing trading indeed is safer, but trading in general especially in futures is indeed risky to the point where even the most expert ones are still experiencing some losses.
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I hope everybody expects what they do when you are trying to trade. Many people think it is easy, but going against the market and other retail traders is hard, and you must be consistent. I agree that staying on the market trends is a practical approach and ensuring that you are doing risk management. Do some other methods, like one for trading, the other for HODLing and meme investing, etc.?
For me if you want to succeed in trading then the basics must be taken seriously.. just the basics mate. Support, resistance, demand and supply and risk management. I'm assuming Op is talking about futures trading..
Trading cryptocurrencies with just basic steps like, support resistance, demand and supply will not enhance your trading experiences, and you may not be successful in my opinion. There are other trading features options that are required to make your trading successful, these includes,
Technical analysis, Fundamentals analysis, understanding market hype, knowing when there are market speculations.
Again, there are also trending patterns and movements to learn; and you are required to learn the use of certain trading indicators to boost you trading experiences.
SNR and Demand & Supply are both under in Technical analysis, and understanding market hype or any type of events as long as it can affect the price in the market can be considered as Fundamentals. TA and FA are both important in trading because if you utilize them both it will improve your trades. I don't really a fan of indicators when I trade, and I don't see it very helpful because it will only tell you what really happened in the market in the past. If you really understand the candlesticks you can read it all the way and you can tell that indicators is not so important. However, it's still depends on us whether we use indicators or not because we don't have the same knowledge, as long as you can make profit with a candlestick you are using, it's good to go.
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Well spoken, we need to learn, have a particular trading strategy, develop the skill and know what we are doing, once we are intentional about it, we are going to make the best of it because we know the direction at which we are taking and how to tackle the market in times of uncertainties, some of these things are what some traders could abide or follow in ither for them to have more accurate trades than the failed ones.
Honestly, we don't know the direction because the crypto market is unpredictable. What you can only do as a trader is know the possibilities, which is why we are attempting to conduct a technical analysis to determine the probabilities. I am not a professional trader, but trading intraday is more risky than swing trading or long term trading.
Yes, i believe that it’s the best decision for best trading in cryptocurrency market. But we also know that crypto currency trading is also very risky section in cryptocurrency market. Because if we don’t understand in cryptocurrency market and we could be trading continue, then it will be very risky for us. Because we know that without knowledge in cryptocurrency trading, it will be best difficult for us. So for best trading, we should follow some effective rules, so that we could be successful trader in cryptocurrency market. Because we must should understand crypto currency market is always depending on up and down.
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Ups and downs is just a part of the crypto market so anyone who is into the market need to understand and adopt to it. Most people doesn't really know while they enters which is why they sell when there's sudden dump in the price but OGs will look it as an opportunity to buy more coins.
These volatility is what makes the trading more profitable as well, if someone can execute trades even marginally good they can make decent profits like 10% minimum which will help them to double their capital in a year.
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For me if you want to succeed in trading then the basics must be taken seriously.. just the basics mate. Support, resistance, demand and supply and risk management. I'm assuming Op is talking about futures trading..
Even if the terms you mentioned are too complicated, the simplest step you can take is to buy Bitcoin every month with an amount that doesn't burden you, $10 or $25 or $50, it's up to you, I'm very sure that if you do that every month for 20 years, it will give you a big profit in your old age when you are no longer productive....
Bitcoin is quite promising, that's why until now there are still many who are interested in having BTC, even willing to pay $100k to buy 1 BTC.
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Crypto trading can be both exciting and challenging. The market’s volatility creates opportunities for profit but also comes with risks. Over time, I’ve learned the importance of having a strategy, staying updated on market trends, and never investing more than I can afford to lose. Whether you’re into day trading or holding long-term, discipline and research make all the difference. What’s been your approach to trading?
I agree with your statements that discipline is important if we have invested in tokens for the long term we still have to do the research and have to be disciplined in our strategies. We have to calculate the loss and profit and move with the market trends. We must need to update our strategy and portfolio from time to time because being stubborn with one token and keeping the patience on the wrong token can be a huge lose to our portfolio.
In the ups and downs of crypto trading we must stick to our idea of how a token is moving and on daily basis do research about that token and of new tokens. Having a side source of income for better stability is more than enough.
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I agree with your statements that discipline is important if we have invested in tokens for the long term we still have to do the research and have to be disciplined in our strategies.
Oh definitely, discipline is one of the key factors for success in crypto investment and trading. Indeed, this is not the only one and does not guarantee profits all the time, but with discipline, we become much more prepared and understand more about what we should and should not do, our strategies, and upgrade our knowledge to become much more prepared and understand the world of crypto trading. And of course, this will also affect how we make decisions. Yes, the point is, this affects our situation in crypto trading.
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Yes, that’s right, having a strategy, staying informed about market trends, and never investing more than you can afford to lose are what I call trading axioms that every trader should learn.
Patience and avoiding greed are also market fundamentals, these emotions are essential for every trader, a trader should be patient with his coins until he makes a profit because patience is the key to success. He should also avoid greed because greed is the number one cause of loss.
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Yes, that’s right, having a strategy, staying informed about market trends, and never investing more than you can afford to lose are what I call trading axioms that every trader should learn.
Patience and avoiding greed are also market fundamentals, these emotions are essential for every trader, a trader should be patient with his coins until he makes a profit because patience is the key to success. He should also avoid greed because greed is the number one cause of loss.
indeed. trading is like that. You also need high focus when trading cryptocurrency. because trading is high risk and the level of difficulty is also quite complex. For ordinary and pro traders, perhaps they already have their own strategies, so they can manage their funds and also risks in trading more easily. However, for beginners or people who are not yet very professional in trading, this becomes a very difficult and complex challenge when trading, both in terms of preparation when analyzing coins or the market and also when entering a position. For this reason, preparation and readiness are needed, both mentally, in terms of knowledge, progress and the strategies used