Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: saprakib on December 02, 2018, 02:49:42 PM
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I have passed two years with crypto trading so i think i got few experience from that time .I just wanna share it , i think you guys should follow if you think perfect it for you . I just follow different rules before buy a coin i m explaining it here in below ...
1. First of all select a centralized exchange to trade like binance,bittrex,hitbtc cause i think you always need to have a great platform to trade where you can find a huge volume .
2. Follow up the coin for the month is it on downtrend or uptrend .
3. You can use the technical analysis also.You can set up the RSI to understand the overbought ans over sold .
4. You just check the social page of the relevant coin .If have some good news it will be better to buy instant.
5.Please don't put your whole capital on one coin .
6.You must set stop loss to prevent huge loss.
7.At the end don't sell your coin on low price wait until reach your target.
However that's all about my strategy .I always being patience to trade either you will be on loss. I always make profit on this way. You can try it .I will be happy if you get some benefit from it and also share your strategy if you have some better.Thanks!!!
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It is nice to see that you are in trade more than 2 years and have few experiences that you have shared with us. You have said to select only centralized exchangers like-Binance, Hitbtc, Bittrex and so on but you have forgot to refer decentralized exchangers like forkdelta, idex and so many like this. You know IDEX is now a huge popular decentralized exchangers. I admire you that you refer Binance, Hitbtc for trade which is more easier than decentralized exchangers. To be successful in trade, an investor need to analysis for coins which he wants to invest before investment for few days even few months. Don't buy at the price which is higher than regular. Don't be panic in trade. I will suggest all investors to implement these techniques to be successful as i am a trader with 3 years experience.
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It is nice to see that you are in trade more than 2 years and have few experiences that you have shared with us. You have said to select only centralized exchangers like-Binance, Hitbtc, Bittrex and so on but you have forgot to refer decentralized exchangers like forkdelta, idex and so many like this. You know IDEX is now a huge popular decentralized exchangers. I admire you that you refer Binance, Hitbtc for trade which is more easier than decentralized exchangers. To be successful in trade, an investor need to analysis for coins which he wants to invest before investment for few days even few months. Don't buy at the price which is higher than regular. Don't be panic in trade. I will suggest all investors to implement these techniques to be successful as i am a trader with 3 years experience.
I am happy to see you with good trading experience. I think new trader start to trade on decentralized exchange first .It will helps them to get starting .However decentralized exchange is become popular and its true.I will try this out as you said.As a trader we should follow everything .However i support you that we don't need to be panicked on trade either we can fall in huge loss .Thankful to you for sharing your great experience.
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I have passed two years with crypto trading so i think i got few experience from that time .I just wanna share it , i think you guys should follow if you think perfect it for you . I just follow different rules before buy a coin i m explaining it here in below ...
1. First of all select a centralized exchange to trade like binance,bittrex,hitbtc cause i think you always need to have a great platform to trade where you can find a huge volume .
2. Follow up the coin for the month is it on downtrend or uptrend .
3. You can use the technical analysis also.You can set up the RSI to understand the overbought ans over sold .
4. You just check the social page of the relevant coin .If have some good news it will be better to buy instant.
5.Please don't put your whole capital on one coin .
6.You must set stop loss to prevent huge loss.
7.At the end don't sell your coin on low price wait until reach your target.
However that's all about my strategy .I always being patience to trade either you will be on loss. I always make profit on this way. You can try it .I will be happy if you get some benefit from it and also share your strategy if you have some better.Thanks!!!
I am not a trader here in crypto previously i read up on some trading stuffs online and gain some knowledge on trading veterans trader might find that indicators might be useful in trading and i does not deny this fact. However indicators movement only happen after the market react, in order to catch the move fast you should study on price action which is the pure movement of the price and not forgetting your risk reward at the same time.
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I have a trading strategy that have proved worthwhile over time. And that is not following popular opinions, selling when I see little profit and buying back when price tank. It has been helpful.
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I have a trading strategy that have proved worthwhile over time. And that is not following popular opinions, selling when I see little profit and buying back when price tank. It has been helpful.
You think it could be a good strategy for you . I think it could be so risky to sell coin on short of profit buy it when bounce back .It could be profitable in sometime so that i wanna suggest you to learn more.