What type of trader are You

[SmartGold01]

As we know trading is a gradual process and must not rush it but some people think they can just venture into trading and become more successful in it without having to undergo thorough training and studying, and if any finding it too hard to understand then DCA can be good option while they take their proper lesson.

Trading in the crypto world is not easy and it takes a long process to become a professional trader, we must learn about analysis first before starting to trade.
the most suitable for those who are not experts in trading is long-term hold with DCA, I agree with this.

Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.

[kulkhan]

Mainly i am a scalper. I trade different different coin for short time and for small profit. It just for short time. When i saw it made 2% or 3% profit then i close my trade. But it has some risk. Some times it were long trade. When market gose my Against then i have to wait for long time. But some times i close my trade with small loss. Even some times i have to do DCA when market go my Against.

After-all i am short trader and scalping is my favourite trading strategy. But some times it were long. But most of the time i receive profit and i close my trade.

[milewilda]

Mainly i am a scalper. I trade different different coin for short time and for small profit. It just for short time. When i saw it made 2% or 3% profit then i close my trade. But it has some risk. Some times it were long trade. When market gose my Against then i have to wait for long time. But some times i close my trade with small loss. Even some times i have to do DCA when market go my Against.

After-all i am short trader and scalping is my favourite trading strategy. But some times it were long. But most of the time i receive profit and i close my trade.

Scalper is the hardest type of trader i must say but also the profitable trader if you do it on the right way, the only issue on this one is that the risks involved is really that too high
since you would really be trying out to spot and deal up with volatility on an active manner on which this is really that not all traders would really be able to do so or something
that they cant be able to bare up with the risks and this is why they would rather be preferring swing trades or long trades rather than on dealing with volatility on active manner.
I have tested out something such as this but i cant be able to stand out the stress specially on a highly volatile market like crypto.

[alltalk]

Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.

Indeed. DCA means we gradually collect few coins for a long term holding. I think most people do DCA for holding more than 2 years. If they follow the 4 years cycle, it should be for holding 3-4 years. It is no problem to DCA while trading some coins. Sometimes, we can buy more coins because we use the profits from trading. So, trading actually can help us easier to do DCA if we allocate some of the profits from trading for buying more coins with DCA strategy. Anyway, newbies should learn it firstly before they do DCA. Even if it looks easy but it requires knowledge to do it properly.

[Dr.Bitcoin_Strange]

Well, there's no time that I don't trade but I usually prefer the market when there is less volatility because it prevent one's asset from being liquidated quickly, at least you can be able to  predict the direction of the market and when enter a position. During a very volatile market, I normally trade with a very low leverage, so that if the market takes a turn against my position, I can easily exit the trade before it gets to the liquidation price.  I don't like staking because the APY is small and it also put my coins at risk because I have to stake it with a third party platform.

[LUCKMCFLY]

Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.

This is totally true and for me one of the best options to apply in bitcoin to be able to accumulate a lot while learning, how do you turn it on? For me the best way to learn how to trade bitcoin is by reading books, I know there are many traders on Youtube and social networks, but there is nothing better than reading books and realizing that things are much better when you have your own criteria given by a book, then while you learn about how to trade, you can gradually buy so that your bitcoin basket increases.

[Ricardo11]

Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.

This is totally true and for me one of the best options to apply in bitcoin to be able to accumulate a lot while learning, how do you turn it on? For me the best way to learn how to trade bitcoin is by reading books, I know there are many traders on Youtube and social networks, but there is nothing better than reading books and realizing that things are much better when you have your own criteria given by a book, then while you learn about how to trade, you can gradually buy so that your bitcoin basket increases.

I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.

[legend45]

I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.

In seeking knowledge about crypto we can read in the media, for example forums such as altcoinstalk and bitcointalk or other groups that always review crypto. We need knowledge about crypto and we also have to learn to seek experience by starting to invest and trade.

[SmartGold01]

Of course DCA helps while we gradually accumulates some bitcoin or any other coin we wished to accumulate while you keep learning all necessary information needed for trading maybe if like taking 1 to 2 year to learning trading for instance you would end up accumulating enough volume of bitcoin. Most times some newbies doesn't know this technique instead they ends up losing money in trading while they learn.

Indeed. DCA means we gradually collect few coins for a long term holding. I think most people do DCA for holding more than 2 years. If they follow the 4 years cycle, it should be for holding 3-4 years. It is no problem to DCA while trading some coins. Sometimes, we can buy more coins because we use the profits from trading. So, trading actually can help us easier to do DCA if we allocate some of the profits from trading for buying more coins with DCA strategy. Anyway, newbies should learn it firstly before they do DCA. Even if it looks easy but it requires knowledge to do it properly.

Yes you are right DCA are those who projected for above 2 years thereabouts but collection altcoins that is not bitcoin can not be hold for more than 2 years because one can't really predict the future of the altcoin instead bitcoin is more preferable. I am not directly saying that altcoin is bad or not but since their lifespan isn't the same with bitcoin anyone doing DCA should properly know the kind of coin they are DCA'ing otherwise holding for long could worth nothing than worthless coins..

However +1 for you.

[LUCKMCFLY]

I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.

I do not blame people who want to learn through social networks, through YouTube, or through many courses, the rest because they are also making an effort, but basically I start from something that goes much further, it is that books are what make professionals professionals, a doctor, an engineer, we become professionals thanks to books and not to conferences or the impositions that are made or what is found on the internet , when the effort and knowledge does not come from a book everything changes and gives much more criteria to organize what we talk about.

[rizqillah]

I also agree with you, your ideas are very correct, proper knowledge and education about bitcoin or crypto is of immense importance. Because knowledge about crypto is very important when it comes to crypto investing. for learn them, There are many types of tips available on Youtube or social media, but reading books gives you a deep and complete understanding of crypto. And if these can be learned physically by visiting a Trading Mentor besides reading books, it is even better, because from him you will get technical guidance as well as experience, which is very beneficial for a newbie.

I do not blame people who want to learn through social networks, through YouTube, or through many courses, the rest because they are also making an effort, but basically I start from something that goes much further, it is that books are what make professionals professionals, a doctor, an engineer, we become professionals thanks to books and not to conferences or the impositions that are made or what is found on the internet , when the effort and knowledge does not come from a book everything changes and gives much more criteria to organize what we talk about.

We can learn from any media, you can say books will be the best media because doctors, engineers learn from there. but we can also learn from youtube, and other social media. so we don't have to read books to be smart. but maybe by watching videos on youtube we can understand it more easily.

[LUCKMCFLY]

My trading style is medium term and long term, but for me the real challenge is short term trading, which is what I am learning now, because I see that the results are much faster and that caught my attention, so when I see that things could go more in that direction, I think one should do it, but it should be more focused on technical analysis than on fundamental analysis. The tools used the most are lines, and a lot of technical theory is used. I have not found a book that talks about short term trading.

[gunhell16]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.

I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.

 I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.

You know, I have read something and also learned as a trader that we should not trade against the trend, whatever strategies you use in the trading exchange, whether it is a CX or DEX platform. I'm just saying this: if you have an idea and extensive knowledge of trading, you will understand what I mean for sure.

But if you haven't yet, you need to study and learn the concept of trading in the crypto space, because trading in this industry field is actually wide and it's not as simple as some newbies who enter it think. 

[Legion]

Hi everyone, based on my experience trading, I've found that there are two types of crypto traders. The first type (No.1) sticks with the market through thick and thin, while the second type (No.2) takes breaks when the market seems to lack direction.

I might be among the second type of trader, possibly because I'm still trying to find my footing in the market. In unpredictable times like these, I find myself looking for other opportunities to earn.

 I've mentioned before that I take breaks and explore passive income opportunities, with staking being my top choice. I'd still appreciate more suggestions on how to navigate the space and discover more interesting opportunities. Please share if you know of any.

You know, I have read something and also learned as a trader that we should not trade against the trend, whatever strategies you use in the trading exchange, whether it is a CX or DEX platform. I'm just saying this: if you have an idea and extensive knowledge of trading, you will understand what I mean for sure.

But if you haven't yet, you need to study and learn the concept of trading in the crypto space, because trading in this industry field is actually wide and it's not as simple as some newbies who enter it think.

Indeed, Trading against the trend is very risky in cases where you are not able to differentiate the nature of the market. If you already fully understand the direction of the trend, the strategy used will definitely be more effective, whether on the centralized exchange (CX) or decentralized (DEX). However, the fact is that the identification of trends within a market is something that is a crucial feature that underpins trading. For a beginner, one has to spend a lot of time to grasp things like trend analysis, risk management and entry-exit strategies among others. Crypto trading is much more than it appears to be, which is why it is very relevant to carry on with learning all the time to at least stay alive in the game.

[LUCKMCFLY]

We can learn from any media, you can say books will be the best media because doctors, engineers learn from there. but we can also learn from youtube, and other social media. so we don't have to read books to be smart. but maybe by watching videos on youtube we can understand it more easily.

Yes, in fact, I'm not Saying that you can't learn from there, there is Valuable information there , but when you read books and then when you have a Very solid Learning , when you see some tyoutubers and others who put their analysis there, you can define who tells you lies and who tells you the Truth , Sometimes there are Many on Social Networks who sell smoke , when you don't have Arguments given in the books , you realize who is who, when you see more knowledge , it is worth learning and Apprehending, everything that means knowledge is always Welcome.