Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: ayatoslaw on February 02, 2019, 03:34:09 AM
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trading is the thing that is needed in order to survive in cryptocurrency and get a big profit.
and I am still learning to do crypto trading, the fluctuating price makes new people really have to be able to control their emotions, this is important,
and I still learn about managing trade to avoid cut loss,
but is managing trading really needed in order to avoid cutloss?
I want to gather some opinions about this.
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~snip~ is managing trading really needed in order to avoid cutloss?
Of course we need to manage trading, not only to avoid cutlose but also to prevent asset's value. As long as it is no need to cutlose, I think you are better to continue holding. I prefer to hold my assets than selling for cutlose.
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Trading always looks hard to me. Whatever you do, it is hard to understand the situation if it is going up or down since it is very related to the bitcoin's price. Well, we should hodl I guess, either way I don't want to sell low.
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Trading always looks hard to me. Whatever you do, it is hard to understand the situation if it is going up or down since it is very related to the bitcoin's price. Well, we should hodl I guess, either way I don't want to sell low.
I find it hard too. It needs to be patient, and cool, without getting stressed, if something goes wrong. Stress can lead you to wrong decisions, and this means losses. The more you lose, the more you get stressed. I can leave this to somebody else.
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Sometimes cutloss is needed, so why to avoid it. For the coins that tend to always decrease because of low quality projects behind the coins, I think it is much better to cutloss. The coins from the projects are very possible to be dead coins, so it is better to sell them.
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Actually, I personally don't have enough knowledge and experience of trading. However, if talking about managing trading, I think that it is very important. We need to require more about the basic ways in trading, managing the coins to trade daily or weekly and getting the good control of our ways and emotion.
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I don't really know about cutloss. I never did it yet I just hold top coins and it is not too many coins. I think holding is a good option to prevent from losses. When the market is very bad condition like now, I can say holding is the best option.
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Indeed. Managing our trading is a way to be successful in trading. How can it will be successful if there is no managing. I think the question is quite easy to answer, friend. I guess you want to remind people.
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There are no options at all, just manage your trade, otherwise you can lose everything and you will not be able to achieve any success!
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One should not only depends on only bounty earning. He/she should be good in trading also because in the current market holding cause huge loss to the most of the traders on the other hand trading is the extra skillset that helps you to earn profit even in bad conditions of the market.
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trading is the thing that is needed in order to survive in cryptocurrency and get a big profit.
and I am still learning to do crypto trading, the fluctuating price makes new people really have to be able to control their emotions, this is important,
and I still learn about managing trade to avoid cut loss,
but is managing trading really needed in order to avoid cutloss?
I want to gather some opinions about this.
have a look at Capital management and I think that will work and you will not face a problems in trading.
https://www.altcoinstalks.com/index.php?topic=95172.msg588699#msg588699
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I don't really know about cutloss. I never did it yet I just hold top coins and it is not too many coins. I think holding is a good option to prevent from losses. When the market is very bad condition like now, I can say holding is the best option.
Cut loss, is a strategy, that you use, when you think, that there is no future on the investment you made. Sometimes, it's used also, when you think that you found a better investment. You sell to stop losses,(cut loss), and move funds elsewhere.
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In order to engage in trading, you need experience in this area because you can lose all your investments, you also need to constantly monitor the market and all the actions of those altcoins in which you want to invest, you need to follow every strange movement.
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In order to engage in trading, you need experience in this area because you can lose all your investments, you also need to constantly monitor the market and all the actions of those altcoins in which you want to invest, you need to follow every strange movement.
It is perfectly true. Without sufficient knowledge in trading, it will be too risk for your capitals. I am afraid it is only wasting time and efforts. Knowledge is one of the key for a successful goal. We need it to ensure our steps.
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I really want to trade daily but when I see the crypto market with a quiet trading volume I only save my coins and do not trade, I think if coins like BTC and ETH go up in price, there will be big profits after we hold them.
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I think it is crucial. I don't mean checking your trade every second. But it is really important to set your stop loss. Crypto market is really volatile and you can lose your money over night time. So setting up stop loss or creating a stop limit order is really important.
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I really want to trade daily but when I see the crypto market with a quiet trading volume I only save my coins and do not trade, I think if coins like BTC and ETH go up in price, there will be big profits after we hold them.
but do not forget it is time now to open position and hold. this in historic low price we may not see later on.
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yes, managing trading in Cryptocurrency is very important to get more profit. But actually it's not as easy as people say. need to learn to get high knowledge, learn to understand market price movements to obtain high profits.
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learn to understand market price movements to obtain high profits.
The most difficult part is to obtain high profits,
Traders can set a stop lose.
But i still face problem to get the high profit.
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As a reliable trader, of course you have estimated what the losses will be and what results you will get if you enter the decision. Likewise a trader, psychology is also very important in determining the RR (risk ratio), or he will lose assets greater than planned.
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Yes. Very needed. If we buy coins, we must always look at the price of coins. Because the price of coins can go down anytime. If you are late for cut loss, you will loss.
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trading is the thing that is needed in order to survive in cryptocurrency and get a big profit.
and I am still learning to do crypto trading, the fluctuating price makes new people really have to be able to control their emotions, this is important,
and I still learn about managing trade to avoid cut loss,
but is managing trading really needed in order to avoid cutloss?
I want to gather some opinions about this.
Yes I agree, I tbink we need manage the trading. Because trading need smart strategy and more focus to do it.
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I do manage my tradings but I actually cannot keep track of them all. Because some exchanges does not have the option for a stop-loss. It is also very profitable for traders when you successfully manage trading even just for a month. I remember getting a reward from an exchange and I manage to multiply it's value into 6 times which gave me some good profit.
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Sure. Trading management is a must, it will determine how successful we are. I am not sure to succeed without good management. It is the key to every business that people have to be able to manage it correctly. I prefer to not have trading if I have no right management.
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Yes, proper management for trading is needed, without this you are more likely to not succeed making any profit rather you will be drowned in a loss, stop loss stop profit is needed.
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Certainly, you must follow some rules. Starting from the size of the deposit that is involved in trading before using the stop-loss. You should not sell at a low price if you open the transaction incorrectly. It’s better to wait.
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You should not sell at a low price if you open the transaction incorrectly. It’s better to wait.
stop- lose is their to sell in lose if the price break a major resistance so better to sell and wait for a price action in the lower support line.
so I do not wait I sell and wait down to increase the amount of token I have.
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I really want to trade daily but when I see the crypto market with a quiet trading volume I only save my coins and do not trade, I think if coins like BTC and ETH go up in price, there will be big profits after we hold them.
Yes, trade is a whole art and not everyone can master it successfully. She plays a lot of time, knowledge and experience and is considered the most risky activity. However, this type of activity is also capable of generating great profits.
Now, in my opinion, the cryptocurrency trade is still underdeveloped, since the cryptocurrency itself is still relatively young and is only developing. However, this is a very promising activity.
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Cutloss should be set on coins/projects that are not promising or volatile in the market, projects of low quality. Managing trade will help to reduce the losses when cutloss is applied. I really haven't used the form of trading at all, but I guest I will try it out, it could be better.
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Ofcourse, without proper management of your trades you will not be able to monitor if you are on loss or on profit, you should always do manage your trade and also always set stop loss and stop profit in order to achieve certain amount of profit or loss.
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and the use of bots for trading? what do you think about it?
knowledge comes with the years, but I want to trade and make a profit now.
using the bot - I make a profit, and at the same time my knowledge in this field becomes more 8)
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and the use of bots for trading? what do you think about it?
knowledge comes with the years, but I want to trade and make a profit now.
using the bot - I make a profit, and at the same time my knowledge in this field becomes more 8)
If you have a bot, that gives you profit now, use it. But bots should be reprogrammed, when market conditions change, to be profitable.
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I understand this, about 2 times a month I get updates from the developer)
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and the use of bots for trading? what do you think about it?
knowledge comes with the years, but I want to trade and make a profit now.
using the bot - I make a profit, and at the same time my knowledge in this field becomes more 8)
If you have a bot, that gives you profit now, use it. But bots should be reprogrammed, when market conditions change, to be profitable.
In fact, for a beginner, this is a very good option when a trading bot works instead of you, and in the meantime a newbie personally studies information, all the basics of trading and is gradually practiced.
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In fact, for a beginner, this is a very good option when a trading bot works instead of you, and in the meantime a newbie personally studies information, all the basics of trading and is gradually practiced.
It surely helps, if you are a beginner. You must be careful though. If the bot, gets stuck into loss trades, stop it immediately! Losses may continue, if it is not stopped.
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of course we need trade management so that we can manage it in an orderly and directed manner. With this management, the trade that we run becomes clearer in its calculations.
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For the trading process, it is no longer management that is suitable, but the organization of trade. The market must obey the law of supply and demand, but it must be designed organizationally, with its own rules of conduct and safe trading.
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Everything is needed to manage well. It is also applied in trading, you have to manage it to success. If you cannot manage it, then there are many possibilities to lose. And you cannot monitor every coins you hold correctly.
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It surely helps, if you are a beginner. You must be careful though. If the bot, gets stuck into loss trades, stop it immediately! Losses may continue, if it is not stopped.
That is the major issue with bots that stops me from using them.
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Yes its absolutely necessary to manage your trades. Without management you wont be able to make consistent profits in your trade.
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Yes its absolutely necessary to manage your trades. Without management you wont be able to make consistent profits in your trade.
Agreed on this. Can you mention some ways which you use to become good at managing trade related stuff?
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Yes its absolutely necessary to manage your trades. Without management you wont be able to make consistent profits in your trade.
That’s right. Can you please elaborate on some ways that you take to manage your trades?
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States should not interfere in the course and results of trade in the market. It can and should only regulate this process organizationally, so that market participants have the opportunity to freely and without any restrictions participate in it.
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I think that no one needs to intervene in the trading process and manage it. The state should only ensure compliance with the order in trade, that is, establish certain rules for its implementation. However, the state itself should not influence the process of trade and its results. The pricing process must be free, otherwise it will no longer be a market. In this regard, we can say that the cryptocurrency market is not free now, because it is influenced by the hard price dominance of bitcoin. I hope that over time this dominance will disappear.
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States should not interfere in the course and results of trade in the market. It can and should only regulate this process organizationally, so that market participants have the opportunity to freely and without any restrictions participate in it.
I think that it is impossible to do without government intervention. Even now, there are more crypto exchanges that introduce KYC arguing that the requirements of the regulatory authorities of the countries in which they are registered. For example, there are government organizations against money laundering and they cannot leave crypto exchanges without their control, and this is logical, since money can be laundered using cryptocurrencies.
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Trading like any other business or business processes requires a competent approach or strategy, this is necessary in order to receive a stable income.
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Order should be in everything, including trade. Therefore, the establishment of general rules for conducting trade in order to make it convenient and efficient is necessary. Nobody just has the right to interfere in the course of the trade itself and influence its results. Trade must have the right to free choice.