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Author Topic: Simple practices to improve trading.  (Read 8762 times)

Offline Captain Corporate

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Re: Simple practices to improve trading.
« Reply #90 on: June 08, 2024, 06:23:38 PM »
I agree with that demo is not the whole thing, of course you will need to do better stuff, there is no other way around it, I am just saying that for a newbie that is starting, if you are learning how to trade then using demo at first is better instead of using real cash. However, after a while, that will not be enough, and yo ucan't just demo trade and be great and then start real trading and be great there too. You have to just end up being a bit better and better with time and that's the only way to go. So I agree with the notion that you are going to end up with something that will take a bit of time.

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Re: Simple practices to improve trading.
« Reply #90 on: June 08, 2024, 06:23:38 PM »

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Offline $crypto$

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Re: Simple practices to improve trading.
« Reply #91 on: June 08, 2024, 07:02:31 PM »
I agree with that demo is not the whole thing, of course you will need to do better stuff, there is no other way around it, I am just saying that for a newbie that is starting, if you are learning how to trade then using demo at first is better instead of using real cash. However, after a while, that will not be enough, and yo ucan't just demo trade and be great and then start real trading and be great there too. You have to just end up being a bit better and better with time and that's the only way to go. So I agree with the notion that you are going to end up with something that will take a bit of time.
Yes, of course a demo account is not everything, but we can use it to learn to understand what is involved in trading, we can learn supporting aspects such as indicators and so on on a demo account.

Whatever it is, there must be a process and that process definitely takes time, we need to have enough patience to get what we want. We cannot achieve something instantly, especially if it is something that is not easy for us to do.

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Re: Simple practices to improve trading.
« Reply #91 on: June 08, 2024, 07:02:31 PM »

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Offline LUCKMCFLY

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Re: Simple practices to improve trading.
« Reply #92 on: June 09, 2024, 11:43:55 PM »
I have did with all step above but can running smoothly and always get failed, I am interested with trading challenge and has limitation around one week should earn profit around $500 to $1000. Firstly is running well and the first week my challenge success get profit almost raise $1k but on second week get problem how easily my coins trading drop drastically, not use feature stop loss and should be long term holder without unpredictable when recovering of my altcoin or bitcoin assets.
Need to deposit another fresh money and forget with some coins assets dropping, but I doubt will get the same with my last capital just taking profit in the firstly week than loss?
Thats what makes trading as a hard thing and not something that could really be that easily be able to handle by any trader on their first tries or on the moment that they would be deciding on dealing up with trading or simply with this volatile market. You cant really just that make yourself that easily become that too good or something profitable on the moment that you would be doing trading. It would really be taking up some time before you would be able to have a good grasps in the market on which it would really be that understandable that loses would really be part of learning. There are really just those people who are really that expecting too much on things.

Sometimes it's not so much about how to trade with a less volatile market, but sometimes the trading can be very complicated to see decisions, but according to what I have seen sometimes in trading of 1 minute candles that only needs to be Applied 1 or 2 Techniques to realize that sometimes what is needed is to have two lines and wait to find a good movement , once that is done things change , Because I apply 1 martingale at most, of course this is for 1 minute, since when it is long-term trading the volatility decreases, only the times to take Profits Increase and that is Something that we should Always see , until now that is what I have Discovered in short-term trading.
Wont matter much on whatever the things that we are applying or indicators or candle readings with our tradings on which it would really differ on each trader.
We are the ones who would really be making out adjustments accordingly on which it would really be just that normal that there would be those differences.
What matter most on here is that you do make yourself having good decisions and making up those profitable trades. The thing that should really be having in mind
is that dont tend to chase up if you do missed up a certain entry, there's always that opportunity on getting in or out.
Yes, you are right, I have seen and read many strategies, especially those of technical analysis, which for me works much more in very short-term trading intervals, I am talking about 1-minute trading, I know that there are much more technical issues, at a broader level, already giving a more Medium and long-term point of view. Currently, what is happening or what many call price action has a lot of influence, and that is that they decide to operate according to how they see the price action and checking the volume at all times, that is Something that can help us a lot, of course this is something that will always be noticed and it will be taken for granted that things can go very well if the right decision is always made, for me the types of trading differ a lot, it is not the same to operate in the long term as to do it in the short term.
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Offline bayu7adi

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Re: Simple practices to improve trading.
« Reply #93 on: June 11, 2024, 01:58:36 PM »
I agree with that demo is not the whole thing, of course you will need to do better stuff, there is no other way around it, I am just saying that for a newbie that is starting, if you are learning how to trade then using demo at first is better instead of using real cash. However, after a while, that will not be enough, and yo ucan't just demo trade and be great and then start real trading and be great there too. You have to just end up being a bit better and better with time and that's the only way to go. So I agree with the notion that you are going to end up with something that will take a bit of time.
I don't know... it seems like I'm not familiar with the demo feature on cryptocurrency exchanges, in fact in the last few years I haven't used a demo account for cryptocurrency exchanges... maybe for other exchanges such as forex or binary options I've tried a demo account there, but for Binance, Bitrex, Kucoin and other popular exchanges, I really don't know the demo version.

Usually demo accounts are only used for business-personal platforms, where profits can be obtained from the platform or bookie... but the concept of cryptocurrency trading is actually between people or individuals, so maybe that's where I found no demo accounts.

One way to learn this is to use small amounts of money... yes, from that little amount you should be able to manage larger assets later.

Online milewilda

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Re: Simple practices to improve trading.
« Reply #94 on: June 11, 2024, 10:16:43 PM »
I have did with all step above but can running smoothly and always get failed, I am interested with trading challenge and has limitation around one week should earn profit around $500 to $1000. Firstly is running well and the first week my challenge success get profit almost raise $1k but on second week get problem how easily my coins trading drop drastically, not use feature stop loss and should be long term holder without unpredictable when recovering of my altcoin or bitcoin assets.
Need to deposit another fresh money and forget with some coins assets dropping, but I doubt will get the same with my last capital just taking profit in the firstly week than loss?
Thats what makes trading as a hard thing and not something that could really be that easily be able to handle by any trader on their first tries or on the moment that they would be deciding on dealing up with trading or simply with this volatile market. You cant really just that make yourself that easily become that too good or something profitable on the moment that you would be doing trading. It would really be taking up some time before you would be able to have a good grasps in the market on which it would really be that understandable that loses would really be part of learning. There are really just those people who are really that expecting too much on things.

Sometimes it's not so much about how to trade with a less volatile market, but sometimes the trading can be very complicated to see decisions, but according to what I have seen sometimes in trading of 1 minute candles that only needs to be Applied 1 or 2 Techniques to realize that sometimes what is needed is to have two lines and wait to find a good movement , once that is done things change , Because I apply 1 martingale at most, of course this is for 1 minute, since when it is long-term trading the volatility decreases, only the times to take Profits Increase and that is Something that we should Always see , until now that is what I have Discovered in short-term trading.
Wont matter much on whatever the things that we are applying or indicators or candle readings with our tradings on which it would really differ on each trader.
We are the ones who would really be making out adjustments accordingly on which it would really be just that normal that there would be those differences.
What matter most on here is that you do make yourself having good decisions and making up those profitable trades. The thing that should really be having in mind
is that dont tend to chase up if you do missed up a certain entry, there's always that opportunity on getting in or out.
Yes, you are right, I have seen and read many strategies, especially those of technical analysis, which for me works much more in very short-term trading intervals, I am talking about 1-minute trading, I know that there are much more technical issues, at a broader level, already giving a more Medium and long-term point of view. Currently, what is happening or what many call price action has a lot of influence, and that is that they decide to operate according to how they see the price action and checking the volume at all times, that is Something that can help us a lot, of course this is something that will always be noticed and it will be taken for granted that things can go very well if the right decision is always made, for me the types of trading differ a lot, it is not the same to operate in the long term as to do it in the short term.
And this is why it would really be that important about differentiating on which kind of trading style that would really be fitting on you because not all traders would really be having that the same condition in terms of money,availability of time and their skills or knowledge. This is why we cant really be able to precisely tell on which things that would really be working on you.
So it would really be something that would really be situational on this kind of aspects. So we are the ones who would really be needing to find out on which one would really be
fitting out.

Offline dekafee79

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Re: Simple practices to improve trading.
« Reply #95 on: June 14, 2024, 09:50:32 AM »
And this is why it would really be that important about differentiating on which kind of trading style that would really be fitting on you because not all traders would really be having that the same condition in terms of money,availability of time and their skills or knowledge. This is why we cant really be able to precisely tell on which things that would really be working on you.
So it would really be something that would really be situational on this kind of aspects. So we are the ones who would really be needing to find out on which one would really be
fitting out.
Yes, in trading we have to adjust what suits us.  Skills, knowledge and of course time.  Because not everyone has a lot of time to monitor market movements, and trading needs that.  Especially for daily trading, this takes up a lot of our time.  I only do spot trading, buy top coins, hold them until I make a profit for two or three days, even a week, if I feel I have enough profit, I sell the coins, and then buy other coins.

Offline Jamal Aezaz

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Re: Simple practices to improve trading.
« Reply #96 on: June 14, 2024, 08:54:33 PM »
Yes, in trading we have to adjust what suits us.  Skills, knowledge and of course time.  Because not everyone has a lot of time to monitor market movements, and trading needs that.  Especially for daily trading, this takes up a lot of our time.  I only do spot trading, buy top coins, hold them until I make a profit for two or three days, even a week, if I feel I have enough profit, I sell the coins, and then buy other coins.

For trading you will have to learn all the basic information and then utilize your whole day just to look at the market changes so if someone is busy in another job and cannot give time to knowledge and trading then he should not choose this field because loss in trading makes a person unsatisfied. Daily trading requires checking of the market price regularly all over the day as there are no predictions of how long the price will remain in the same value.

It is a good idea that we should buy at a lower cost and keep the coin hold for weeks or months when it increases in price then sell to get profit so in this case there will be maximum number of wins and minimum losses because you are using your mind here but remember that your mind should also be active during the coin selection as every coin does not show increase after a week or month.
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Re: Simple practices to improve trading.
« Reply #96 on: June 14, 2024, 08:54:33 PM »


Online milewilda

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Re: Simple practices to improve trading.
« Reply #97 on: June 14, 2024, 10:38:50 PM »
And this is why it would really be that important about differentiating on which kind of trading style that would really be fitting on you because not all traders would really be having that the same condition in terms of money,availability of time and their skills or knowledge. This is why we cant really be able to precisely tell on which things that would really be working on you.
So it would really be something that would really be situational on this kind of aspects. So we are the ones who would really be needing to find out on which one would really be
fitting out.
Yes, in trading we have to adjust what suits us.  Skills, knowledge and of course time.  Because not everyone has a lot of time to monitor market movements, and trading needs that.  Especially for daily trading, this takes up a lot of our time.  I only do spot trading, buy top coins, hold them until I make a profit for two or three days, even a week, if I feel I have enough profit, I sell the coins, and then buy other coins.
If you dont have much time then you can really just that simply make yourself hold your position and just trying to accumulate as much as you could and would really be able to make that profits on the time that them market would really be having some moonshot but of course not all people would really be that having that kind of patience that they could really be able to hold for too long. This is why it would really be just varying on how you would really be able ot handle yourself in terms of trading. Improvement is inevitable at the moment that you would really be
continually be able to experience the market and make out those engagement.

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Re: Simple practices to improve trading.
« Reply #98 on: June 14, 2024, 11:05:52 PM »
Yes, of course a demo account is not everything, but we can use it to learn to understand what is involved in trading, we can learn supporting aspects such as indicators and so on on a demo account.
It is strange if there is someone believe the demo account is everything.  :D
Even if demo account is important, it is just the initial part of the trading journey. Demo account introduce the basic matters, but the further steps that determine the success in trading. When we do real trading, it is the real effort. The success will depend on this.

Whatever it is, there must be a process and that process definitely takes time, we need to have enough patience to get what we want. We cannot achieve something instantly, especially if it is something that is not easy for us to do.
I agree with this. There is no instant success, it should be achieved by a process. The process must take time, it may be for some years. Mastering trading won't be possible in few weeks only. We must be familiar with the change of crypto trends to master it. This means to understand varied strategies in trading because each trend may need a different strategy.

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Re: Simple practices to improve trading.
« Reply #99 on: June 15, 2024, 01:45:52 PM »
Yes, of course a demo account is not everything, but we can use it to learn to understand what is involved in trading, we can learn supporting aspects such as indicators and so on on a demo account.
It is strange if there is someone believe the demo account is everything.  :D
Even if demo account is important, it is just the initial part of the trading journey. Demo account introduce the basic matters, but the further steps that determine the success in trading. When we do real trading, it is the real effort. The success will depend on this.

Whatever it is, there must be a process and that process definitely takes time, we need to have enough patience to get what we want. We cannot achieve something instantly, especially if it is something that is not easy for us to do.
I agree with this. There is no instant success, it should be achieved by a process. The process must take time, it may be for some years. Mastering trading won't be possible in few weeks only. We must be familiar with the change of crypto trends to master it. This means to understand varied strategies in trading because each trend may need a different strategy.
This is a series of ways to make us understand trading, so a demo account helps, but that doesn't mean we can be successful just by being able to master demo trading.

In a demo account there is no money traded, I mean we use fake money. So we will be calmer because psychologically we will not be stressed. It's different when we use real money, we will definitely feel pressure which ultimately affects our mentality, that's what we have to pay attention too.

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Re: Simple practices to improve trading.
« Reply #100 on: June 15, 2024, 08:22:08 PM »
- Whenever you loose in trading, always return back to find out the reason why you failed.

This is something that you should really be considering out in speaking about trying out to have some progress then you should really be having this kind of approach
because you wont really be able to make yourself that progressive if you would really be just that sitting still on what condition you are now.

If you are someone whose really that trying out to accept about into your mistakes and make it applied on the next engagement or experience which you do tend to
correct your mistakes then it do really shows up some growth and this is something which is positive.

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Re: Simple practices to improve trading.
« Reply #101 on: June 15, 2024, 09:04:30 PM »
       -   Everything you said is correct; just don't stop studying or practicing trading activities in this field. It should always be an empty cup so that every knowledge or idea that we get or know here is not wasted. Just always feed ourselves with knowledge.

This knowledge of cryptocurrency, or Bitcoin, will drive us to be successful in the end. Just be vigilant and patient and don't give up. Always learn from every mistake we make and don't repeat it. We always need to level up here as traders.

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Re: Simple practices to improve trading.
« Reply #102 on: June 15, 2024, 09:52:24 PM »
- Whenever you loose in trading, always return back to find out the reason why you failed.
.............
If you are someone whose really that trying out to accept about into your mistakes and make it applied on the next engagement or experience which you do tend to
correct your mistakes then it do really shows up some growth and this is something which is positive.
Well said. Every mistake in trading give an lesson and those who use the lesson and every time learn from their mistakes those trader can improve their trading skills . A long time ago an world famous trader currently I forgot his name but remember his quote that he made lot's of losses and every time he learns something new from his losses and use the lesson to recover and don't do the mistakes again. So this is how one can improve their trading skill just like it's a simple practice.

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Re: Simple practices to improve trading.
« Reply #103 on: June 15, 2024, 10:24:33 PM »
In my personal opinion what I think for improving in trading the first task is face loss and I am sure in every trader life they face loss multiple time. And here the basic thing start they should follow the mistake they done and the cause and don't make the mistake again this is the simple practice to improve trading.

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Re: Simple practices to improve trading.
« Reply #104 on: June 16, 2024, 02:49:09 PM »
I agree with that demo is not the whole thing, of course you will need to do better stuff, there is no other way around it, I am just saying that for a newbie that is starting, if you are learning how to trade then using demo at first is better instead of using real cash. However, after a while, that will not be enough, and yo ucan't just demo trade and be great and then start real trading and be great there too. You have to just end up being a bit better and better with time and that's the only way to go. So I agree with the notion that you are going to end up with something that will take a bit of time.
For those who do not know how to trade, it is not bad to open a demo account and learn how to trade. A demo account can only get the basic idea of ​​trading but it is never possible to learn advanced trading with a demo account. Moreover, how to buy and how to sell is not an important part of trading which requires a lot of time to learn. It is very important to know how to analyze and which investment is profitable. When a trader on his own is able to do these tasks easily then he can become a efficient trader.

 

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