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Messages - Glow

Pages: [1] 2 3 ... 5
1
Cryptocurrency Trading / Re: How can someone overcome trading mistakes?
« on: April 28, 2025, 12:03:27 AM »
One of the best ways one can overcome trading mistakes is journaling your trading journey, what trade you are taking, why you are taking that trade ,should your position size be big or small,is your take profit at a possible resistance level where it can be hit easily without being in a drawdown or trend change and most importantly is your stop loss placed properly,when these are recorded daily whether the trade is a profit or loss it will and can help you in your future trade while being consistent with the types of trade that are profitable and learning from your mistakes in trades that are losses.

2
Cryptocurrency Trading / Bitcoin vs Altcoins: What's the Difference and Which One Should You Start With?
« on: April 27, 2025, 11:56:54 PM »
Hey everyone,If you are new to crypto, you would have probably heard people talk about Bitcoin and altcoins but don't you wonder what is the real difference, and which one should you actually start investing in?

Bitcoin is the first and most well-known cryptocurrency. It is often called (digital gold) because it is mainly used as a store of value. There is a limited supply (only 21 million will ever exist), and it is seen as a safer option in the crypto world.

Altcoins, on the other hand, are all the other cryptocurrencies that came after Bitcoin like Ethereum, Solana, Cardano, etc. Some have cool use cases like powering apps, NFTs, or smart contracts, but they are usually more volatile (prices go up and down faster).

So which one should beginners choose?
In my opinion, it is smart to start with Bitcoin. It is more stable and easier to understand. Once you are more comfortable, you can explore some of the popular altcoins like Ethereum. Just avoid jumping into meme coins or hype projects without understanding what they do.

Start slow, do your own research, and never invest more than you are willing to lose. Hope this helps someone out there,trade smart and trade in a way that you are taking profit being less greedy and at thesame time incorporate proper risk management.

3
Cryptocurrency Trading / Re: Which type of trader are you???
« on: April 26, 2025, 10:33:22 PM »
Quote from: Azharul on April 25, 2025, 12:04:57 AM
Quote from: target on April 21, 2025, 07:36:31 PM
Quote
3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

I thought I am Swing trader only. But I have been holding some of my coins for a very long time already I still have them since 2018.  No pressure since the tokens are not scam and they still have more value than when the time I bought them.

There are tokens that I sold and never bought back anymore though. Some how I'm moving forward to new tokens that has long term especially when its marketing is continuous like the Vechain.
Trading is one of the best earning way in cryptocurrency market. I think that when we want to be a best trader, we should understand in cryptocurrency trade carefully. Because without knowledge in cryptocurrency market, we can not success from here. I am also include in day trade and swing trade in cryptocurrency world. I am also a trader in small levels. But i believe that day trading is very interesting, but if you start to trade in first time. You should acquire knowledge in cryptocurrency market and trading strategy carefully. Because if we don’t knowledge in cryptocurrency trade, we could be losses from here.
you are right the general reason why most people lose in cryptocurrency trading is because they just acquire little knowledge and think they know everything about trading which leads to lossess because in cryptocurrency the learning never ends and the market dynamics is ever changing, those who have come to terms with this are those that have become successfull in cryptocurrency trading.

4
Cryptocurrency Trading / Re: Which type of trader are you???
« on: April 24, 2025, 11:03:07 PM »
Quote from: milewilda on April 24, 2025, 10:11:58 PM
1)Scalper: In and out within minutes, taking small but frequent profits. Fast-paced, high focus.

Im a scalper kind of trader on which its true that you will be that active to deal up with the movement of prices on which this is how it should be done in the first place.
The thing i do like with scalp is that it wont be spending up too much time on a particular day. If you do able to hit up your profit for that day then this is the time that you do completely stop
and trade in tommorow.

The important thing on here is that you should always consider on having that limits on which on the time that you do hit up your target profit, losing trades, winning trades.
You should know on when to stop on this case.
You are right mostly those who scalp fall a victim to revenge trading when there is a loss and they couldn't accept it further leading to more loss or even stop out in small account and also the greed has to be in check as you said they should know when to call it a day if not overtrading might lead to lossing all the profit plus loses so trade wisely and carefully, and keep in mind that less trade is a win regardless of whether it's a profit or loss day.

5
Cryptocurrency Trading / Re: Which type of trader are you???
« on: April 24, 2025, 09:31:29 PM »
Quote from: jeraldskie11 on April 24, 2025, 05:57:28 PM
I badly wanted to be a scalper but it won't work for me. I think this type of trading is the hardest among them because you have to consider many things before you can execute your trades well. From analyzing the higher timeframe and down to 1m or 5m for entry, it's very hard and many traders loses a lot because of that. It's the riskiest type of trading and it's not recommended for newbie. Now, I have to accept that I am a day trader or else I lose more funds.
Me too I wanted to be a scalper and was even practicing it but it's hard and I have alot to do in a day and I have to look after children too so it was too stressful for me so I am considering being a day trader or maybe an investor and see how it works out for me.

6
Cryptocurrency Trading / Re: 5 Mistakes I Made as a New Crypto Trader (And How You Can Avoid Them)!!
« on: April 24, 2025, 01:46:02 PM »
Quote from: BitMaxz on April 24, 2025, 09:21:15 AM
Quote from: Gurujebs on April 23, 2025, 11:52:42 PM
Quote from: Aanuoluwatofunmi on April 22, 2025, 08:21:58 PM
Anyone is bound to make mistakes, but we must ensure that we don't have it done repeatedly, because when we are trading, our money is at stake and we either earn profit form it or lose our money at the cause, this makes it more pertinent for us to always take some serious measures towards the safety of our assets, we can learnt o minimize the extent to which we make mistakes each time we are trading.

There is no way you will trade without making mistakes and it's inevitable even as professional trader because we learn everyday from the market. Another thing is loss is inevitable, you will make loss like it's norm in the market but the general thing here is that your loss should be minimal while trading and your profit should be bigger.

If you trade everyday for 30 days and you make 10 loss at worst days of the market and you make 20 days of profit, that's 2:1 ratio of risk and you made away with 2x of your trades and if you are lucky with high volatility, your return on investment will be bigger.
It depends on how much you risk if you have 1:5 risk ratio do you think you can get 2:1 risk ratio on 20 days of win and 10 days of lost?
So it still depends on how much your risk and what strategy you were using.
Losing in trading is normal that is why if you are trading daily only make a quality trades 2 or 3 trades only is enough. So you need to be patient and look for a good opportunity. High quality trades shoyld makes you a positive result.
Your explanation is as simple as it gets and these are the key points to success in trading and if you can't afford to be patient enough then just be an investor.

7
Cryptocurrency Trading / Re: Which type of trader are you???
« on: April 23, 2025, 09:46:19 PM »
Quote from: Roseline492 on April 23, 2025, 06:40:14 PM
Quote from: Glow on April 21, 2025, 05:46:12 PM
That's true but since am trading a small account the bitcoin will not be transferable, it will not be upto the minimum transferable amount if not that would be the best for long term amd thats why i am scalping for now i am interested in trading and hopefully i can grow my small account to be able to purchase enough bitcoin as investment.

With the money that's enough for you to trade can definitely be transferable because I assume that the money you are using for the trading is up to $30 or more, you can do it if you want to convert it to Bitcoin and transfer it on your noncustodial wallet because if you are sending from exchange I believe there Bitcoin minimum withdrawal limit shouldn't be that big, highest it will be $20 or $25 but if perhaps your capital is not up to that then I understand why you said is too small to be transferred. However the scalping you intend to do is also risky.
You know I never thought of doing so and my capital is like 25 to 30$ which would be wise to do and I think I would like to leave it there for a year and see how the market would favour me ,thank you, there are somethings that's right before you but you don't see it until it is said.

8
Cryptocurrency Trading / Re: Which type of trader are you???
« on: April 23, 2025, 09:42:16 PM »
Quote from: JISAN on April 23, 2025, 09:11:05 PM
Trading is basically a risky victory, so to develop yourself as a trader, you need to have a lot of analysis and a lot of knowledge about the market. Still, there will be a lot of risk here because no one can ever make a guaranteed prediction. That's why I am not interested in trading myself. And I always advise everyone to refrain from trading. Holding only Bitcoin is the most sensible thing to do. Even though Bitcoin is a very strong currency, I don't like anyone trading Bitcoin. So I don't understand what kind of trader I am haha
You are in the investor category which is very convenient , stress free,and the gain accumulates overtime which is wise and profitable.

9
Referral Links / Re: π Pi Network
« on: April 23, 2025, 05:09:45 PM »
Quote from: Zayka Pokusayka on April 22, 2025, 01:09:34 PM
How to sale my PI coins?
Selling you pi coins is not that hard just depends on where they are or the decentralised crypto app they are in, you can navigate to the spot trading section and exchange them to dollars then sell in p2p into your preferred account.

10
General Discussion / Re: Are Airdrops Still Worth It in 2025? My Honest Thoughts!!!
« on: April 23, 2025, 05:02:10 PM »
Quote from: MUGNIA on April 23, 2025, 03:21:06 PM
Quote from: milewilda on April 16, 2025, 02:59:17 PM
Quote from: libert19 on April 16, 2025, 07:58:03 AM
Quote from: MUGNIA on April 15, 2025, 03:00:14 PM
...sometimes I'm only enthusiastic at the beginning and stop when there are too many tasks and it's possible to spend funds up front...

I used to do same, I'd start with a project but they'd keep bringing more tasks for users without giving anything concrete about rewards then I'd assume that project is farming users and I'd leave it.
Most of airdrops now had already this kind of social media tasks on which they've been asking out tons of following,liking,commenting and repost or whatever but in the end of the day, you do end up on getting nothing or being that ineligible in the end on which it do really sucks big time after all the things that you've done. The only time on which i do considered out on where people been famred out is on the time that these projects that connects out with games on which accumulating points is their main criteria on which you do need up to invest or buy up someone to maximize points on which i do say that these scam devs are just trying out to milk those people who do really believe that they can make money at the end when the project ends and distribute those airdropped tokens.
Actually, for social media tasks, I think it's not a problem, if it's only once like when I first got to know about airdrops, but now there are too many tasks, even if the airdrop has a game that takes up a lot of time where we are required to level up, top up, and even more, and when the results are distributed, they are not optimal, even 95% are at a loss
This airdrop scam is now everywhere and people are becoming more aware about it and weary of it, most people are leaning towards trading which is good but should be threaded carefully.

11
Cryptocurrency Trading / Re: Never Be Greedy!
« on: April 23, 2025, 08:55:00 AM »
Quote from: Nheer on April 23, 2025, 08:46:05 AM
Quote from: Glow on April 23, 2025, 08:27:31 AM
Being greedy is never good and has never made anyone a better person if not worse,being greedy in every aspect of life isn't advisable and will cost you more than you think you can get and you will make bad decisions you will regret, but you see in trading being greedy ruins everything from your strategy your confidence your capital and install doubt and trauma of the money lost previously then subsequently destroys your trading career. So never be greedy and take what the market and your strategy has given you and take a break from the market.
Greediness lead to failure and negativity when one practice greediness then he really has a long way to go cause that character is very bad and all it brings is negativity and failure. When you become greedy in trading you will lose interest in everything both your strategy and the trading overall like you will despair many things about trading and your analysis won’t work fine for you cause you apply greediness to the strategy. But when you take what the market has to offer despite it not loss take it and enjoy slowly but surely you account will move even if it just a dollar that add each day just keep on taking it don’t rush and don’t be greedy to become a profitable trader.
You are right and the most suprise and heartbreaking thing about it is that some people especially new trader don't even know that the are being greedy because they don't even know the market structure enough to take profits at the potential resistance or support levels,this should be spoken about more.

12
Terminology / Re: Traders vs Investors
« on: April 23, 2025, 08:42:40 AM »
Quote from: albon on April 17, 2025, 03:06:36 PM
Quote from: Glow on April 14, 2025, 10:27:29 AM
This is a nice , refreshing and an educational topic that everyone venturing in to trading or crypto world must know because if someone does not know what they mean talk more of knowing their business then they don't even know the direction they're following and just moving with the hype or the market prices and in the process lossing money,so thank you for the clarification and these definitions are spot on.
The crypto market is full of hype from time to time which investors use to make money and these opportunities are limited in time. However, trading is different because you don't have to wait to see what the market is doing. If you can gain experience in trading then you can make profit every day. You can gain a lot of experience from this type of forum. Because all the topics about crypto are well presented here so you will get good ideas to discuss the topics of your dreams.
I can see that because from the moment I got here it has been fun and I have been learning new things each day,from those good people who choose to share their experience so people can learn from it to people who give advise when needed and it's a really valid and good advise which is applicable for growth both in life and financially it's these types of forum that moves people forward and makes them better than when they came which is rare to see.

13
Bitcoin Forum / Re: What to expect from BTC
« on: April 23, 2025, 08:36:32 AM »
Quote from: Jating on April 23, 2025, 12:25:11 AM
Quote from: JoyMarsha on April 22, 2025, 10:46:25 PM
Currently, there's a breath fresh air today in the market that got Bitcoin to $91k from the $80k-$86k price tag we have seen Bitcoin fluctuate at, for the past a week. However, Bitcoin didn't increase today because of Trump tweeted about it. It did that on its own without anyone being responsible of it.  That's how Bitcoin will be surprising us with positive price movement till it gives us a new ATH this year.
Yeah, we have been moving sideways, but at the start of this week, we had a 8% gain already and the price hitting at $93k and closing in to $95k. So with that we might go back to $100k within the week if the bullish sentiments are going to continue. And it's really very unpredictable isn't it? When we thought that we are going to stuck and sideways, now we have a big uptick on prices and most likely there is a big news and so this is a breath of fresh air and we like it.  ;D
This is what I love about bitcoin and why it will always be my all-time favourite crypto this is why it is leading and this is why people have confidence in it because it always delivers,you would think that because of the recent unfortunately losses from both sides of those in both long and short positions they will give up and bitcoins price will continue falling but it's actually the opposite which is nice.

14
Cryptocurrency Trading / Re: Never Be Greedy!
« on: April 23, 2025, 08:27:31 AM »
Being greedy is never good and has never made anyone a better person if not worse,being greedy in every aspect of life isn't advisable and will cost you more than you think you can get and you will make bad decisions you will regret, but you see in trading being greedy ruins everything from your strategy your confidence your capital and install doubt and trauma of the money lost previously then subsequently destroys your trading career. So never be greedy and take what the market and your strategy has given you and take a break from the market.

15
Cryptocurrency Trading / Re: Which type of trader are you???
« on: April 23, 2025, 08:20:53 AM »
Quote from: LogitechMouse on April 23, 2025, 05:11:35 AM
Quote from: Glow on April 20, 2025, 11:54:49 PM
---
3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

5)Breakout Trader: Waits for strong moves out of key levels and rides the momentum.
---
I used to be a scalper... for about a month only, and I would say that it's very stressful just like what many are saying. Yes, it only takes a short amount of your time, but the amount of stress that you will get by scalping is very high that I can't take it. Because of this, I commend those professional traders out there that are earning money through scalping. I made money through scalping though, but it isn't worth it with the amount of stress I'm getting.

I'm making a transition now from being a scalper to now a Swing trader. I can call myself as a position trader I guess because I also have long-term holdings like Bitcoin, and some altcoins as well. The "breakout trader" for me is more of a strategy rather than the type of trader because there are traders out there that are using what they call as "TRBO" or Trendline, Breakout as a strategy for them to make money, and it works.
Scalping is stressful to be honest and you spend a lot of time trying to find the right entry and when you do, you stress out because of what's atstake like those with small account dread to see their capital decrease instead of increasing, but with the right strategy we'll get there hopefully slowly but surely.

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