Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: ayuaja on November 02, 2018, 12:05:48 PM
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Like most of the longtime holder, I also have lost a huge amount of my portfolio. Now I am thinking of day trading so that I can recover my loss. hat is the strategy you are following nowadays. Holding or Day trading? How can I be successful in day trading? ANy tips?
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First, try trading on a demo account...you need to comply with risk management and money management.There is no single trading strategy.Try, do not be lazy.
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Practice makes perfect. Read or watch trading tutorials first then apply. Find a trading strategy that works for you. If you can see a platform with a demo account like @Speaker said, then you should really try one. If you can't find one, then maybe try trading with small amounts
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For day trading, everyone uses different methods and tactics, there is no one right decision, and all that they say to you is just advice and you yourself need to find your own effective way that will bring you profit. But I advise you to try to trade first on a demo account and only after you are convinced of the success of your method of trading real coins.
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In order to engage in day trading you need to have experience and knowledge, for this you need to try your hand at trading on a demo account in order to gain experience. If you do not know where to start, find a trading pair with a fairly high trading volume, for example ETH/BTC and watch the price change, if you see an opportunity to earn, then go to a demo account and try to trade, and if not, then choose another trading pair and do so until you find something that can bring you profit.
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Hold on the coins and do not sell in haste is the best strategy at this time rather invest if spare money is available.
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I have used a demo account on a trading platform like Binomo, it is very difficult even you cannot predict price movements in a short time, then I try to trade by studying the loss factor, I use new coins, hold and sell at the right time, it will feel it's difficult if you first do it, with the amount of loss you can see the exact graph where you will sell and buy.
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Like most of the longtime holder, I also have lost a huge amount of my portfolio. Now I am thinking of day trading so that I can recover my loss. hat is the strategy you are following nowadays. Holding or Day trading? How can I be successful in day trading? ANy tips?
Everyone say that you must have a strategy plan before you venture into crypto but the most important thing is you must act according to your plan closely. If you got the time maybe day trading will save you from this savage, to be successful in day trading you need to know how market works and the type of candlestick patterns.
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I think the best strategy is to sell when price rises and buy back again when prices tank.
That has been my winning strategy
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to be successful in trading day you need to be more diligent in conducting research such as potential coins, outstanding news, and viewing price history charts.
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Time management
Right analysis
Critical thinking
Proper execution
Watch your business and more importantly watch your emotion.
Sometimes unintentionally forgetting the fact that trading deals through emotion. Avoid this kind of trading. Mind control or self orientation that you should follow your strategy as long as possible.
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My strategy has always been to sell when I see a little profit and buy back immediately prices start talking.
It has been good so far.
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I think the best strategy is to sell when price rises and buy back again when prices tank.
That has been my winning strategy
Do you have a specific rules that you follow for your plan. I do find that best strategy is like wht you said but without a concrete plan to follow you might be losing more rather than winnings as trading is all about probability, winning and losing rate.