Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: altcoingamer on August 12, 2018, 09:46:42 PM

Title: Name one piece of advice you'd go back and tell yourself on day 1 of Trading
Post by: altcoingamer on August 12, 2018, 09:46:42 PM
Lots of various levels of experience here would be really neat to hear what people come up with... mine would be...

"RSI is not a good standalone indicator.. things can be overbought or oversold for months!"

Title: Re: Name one piece of advice you'd go back and tell yourself on day 1 of Trading
Post by: cryptothief on August 16, 2018, 10:58:43 PM
Decent topic, although not sure I could narrow it down to one piece of advice  :-\ I would say that I would tell myself to drip feed my investments, don't buy the full amount of a coin at once. Basically dollar average my trades, whether they move up or down, it is (theoretically) a less riskier way of investing.
Title: Re: Name one piece of advice you'd go back and tell yourself on day 1 of Trading
Post by: Munareal on August 17, 2018, 11:13:45 AM
Do not be overconfidence after a few good trades. Be focus do not indulge in many things when you are trading.
Title: Re: Name one piece of advice you'd go back and tell yourself on day 1 of Trading
Post by: Barmalei on August 21, 2018, 06:34:25 PM
in the first day I would tell myself: be not greedy! lock in profits. and I would have enough it quite initially. Greed it is bad also in trade too. She prevents to get profit. When I began to togovat I waited for fast lugky money. And now I understand that it is work
Title: Re: Name one piece of advice you'd go back and tell yourself on day 1 of Trading
Post by: Speaker on August 23, 2018, 05:45:03 PM
RSI is not a good stand-alone indicator, you need to look systematically at many indicators of technical analysis.Although my personal opinion is that technical analysis on the cryptocurrency market does not work well.You don't have to rely on him blindly.
Title: Re: Name one piece of advice you'd go back and tell yourself on day 1 of Trading
Post by: Zed0X on September 05, 2018, 06:59:48 AM
Always watch the news about bitcoin and never fight the direction of the market. Set a sell and buy target and follow it.