What type of trader are You

[ajiz138]

I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.

Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.

Futures trading is very risky, if we do not have experience and knowledge there, we should not do futures trading because we will lose and many people experience defeat in futures trading because they do not have the skills and experience. I agree that we should learn spot trading, if we are still newbies.

The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.

While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.

[nakmantu99]

I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.

Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.

Futures trading is very risky, if we do not have experience and knowledge there, we should not do futures trading because we will lose and many people experience defeat in futures trading because they do not have the skills and experience. I agree that we should learn spot trading, if we are still newbies.

The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.

While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.

You are right in doing futures trading, what can save us from losing everything is stop loss because in this way we only lose part of our capital. While in our spot trading, if there is a decline we only need to hold and wait patiently because the price will rise again. In trading, everything has risks and is adjusted to our courage and expertise in taking the risk.

[ajiz138]

The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.

While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.

You are right in doing futures trading, what can save us from losing everything is stop loss because in this way we only lose part of our capital. While in our spot trading, if there is a decline we only need to hold and wait patiently because the price will rise again. In trading, everything has risks and is adjusted to our courage and expertise in taking the risk.

Well that's the point, maybe patience is one of the things we have to have when there is a decline and when it lasts long it makes us have to wait even longer.

However, one thing we can do when there is a decline is to accumulate the coins we hold, namely by DCA, especially when the coin we hold is bitcoin, I think it will return to the highest price, it's just that once again we just need patience.

[nakmantu99]

The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.

While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.

You are right in doing futures trading, what can save us from losing everything is stop loss because in this way we only lose part of our capital. While in our spot trading, if there is a decline we only need to hold and wait patiently because the price will rise again. In trading, everything has risks and is adjusted to our courage and expertise in taking the risk.

Well that's the point, maybe patience is one of the things we have to have when there is a decline and when it lasts long it makes us have to wait even longer.

However, one thing we can do when there is a decline is to accumulate the coins we hold, namely by DCA, especially when the coin we hold is bitcoin, I think it will return to the highest price, it's just that once again we just need patience.

As many people say, the DCA method is the most effective method to be able to increase our crypto assets with gradual purchases according to our purchasing power, because everyone has different capital capabilities to buy coins.
I also make purchases with the DCA method when there is a price drop in the crypto market and wait until the market recovers if I get stuck in a high price and can't sell my coins.

[MRY]

As many people say, the DCA method is the most effective method to be able to increase our crypto assets with gradual purchases according to our purchasing power, because everyone has different capital capabilities to buy coins.
I also make purchases with the DCA method when there is a price drop in the crypto market and wait until the market recovers if I get stuck in a high price and can't sell my coins.

I agree that acquiring the crypto assets incrementally is a rational strategy for those who’d like to use the service but are not willing to be affected by significant losses at one point in time. Purchasing with the DCA approach means that purchases are directed to already existing capacities, so this step is not as heavy as it seems. When market prices decline, the method also enables us to have better average price, which in turn afford us better chance to make profit when market price is high.

The best course of action here is to just wait it out and conserve your resources because it is only natural that markets may be unkind in making it hard to sell at high prices while values in crypto are constantly in flux. With this step, capital is preserved not only, but the chance to form a portfolio is also provided.

[Stuart]

The number 1 set of traders are people that really take their whole time watching the market candles, they make judicious use of the market for their profits no matter the direction the market faces. While the number 2 sets of traders are more like holders and long term investors l, that waits for the market on any direction, (i.e price moves up, they take out profit and while price moves down, they buy). They do other things than focusing on the candles.

On any of these two forms of traders or trading, profits are being made from it. For me, I will count myself to be in the number 2 form of traders. I have a real life job and activities here in the forum, I just put a trade and secure it with stop loss and take profit. Issues I face with this, is most times the market takes me out on the stop loss before heading to my take profit, it's so frustrating at times.

I'm getting more interested with the Trailing Stop method of trading (still learning it). I have only read and watched how it is used, have not fully started using it. I'm sure it is safer for the number 2 form of traders, as we are not always in the market all day.

[Asiska02]

I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.

Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.

Spot trading is the best for beginner who are looking to dive into the world of cryptocurrency and explore the trading part of it. Spot trading gives an insight as to what in detail why futures trading can be. As spot trading does not require you to put your money into trading in the futures, it has less risk and gives a very perfect understanding of how the futures trading works while still owning your own assets.

Cryptocurrency is never a get rich quick scheme and any beginner that tries to see it as one will not be able in the future to handle the cons that comes with it as they’re is more likelihood that he/she will face the disadvantageous part of it sooner. Spot trading should first be learned by a beginners and subsequently they can move to futures trading with a better explanation telling their differences.

[gunhell16]

I suggest beginners go to the spot first before they can really dive into future trading. We can learn more while doing the spot, and it still produces.

Don't rush just because future trading can produce fast results, because it is also comparable to the risk we have to take. Usually many of them are in a hurry and want to make a quick profit, while they don't understand what they are doing.

Futures trading is very risky, if we do not have experience and knowledge there, we should not do futures trading because we will lose and many people experience defeat in futures trading because they do not have the skills and experience. I agree that we should learn spot trading, if we are still newbies.

The risk borne will be greater than if we do spot trading. Spot also has risks, but if we put our money in a coin that is already very trusted, then when we lose we only need to wait for the bull season to arrive.

While in futures trading when we see a loss, then one thing we can do is stop loss, because if not then we will lose all our money.

You are right in doing futures trading, what can save us from losing everything is stop loss because in this way we only lose part of our capital. While in our spot trading, if there is a decline we only need to hold and wait patiently because the price will rise again. In trading, everything has risks and is adjusted to our courage and expertise in taking the risk.

Many people say that futures trading is very risky and stressful, which is true if you don't set SL, because it can eat up your entire fund balance overnight. This has happened to me several times before. And it really learned a lesson for me.

So now, I always set TP and SL because it's very important and when I go to sleep, I add the Trailing stop again to capture all the profit we can get
from the position we will make.

[Dr.Bitcoin_Strange]

For what I know, we have Scalpers, Position Trader, Swing Trader  and Day Trader and I can categorically say that I am a day trader and sometimes too, I scalp. If you are someone that doesn't trade all the time, then you should be a position trader or a swing Trader that can hold a trading position for weeks month but if you are not also in that category, then I don't know where you fall into. Trading is about consistent, it's either you are among the four types of traders or you are not trading at all.

[LUCKMCFLY]

As many people say, the DCA method is the most effective method to be able to increase our crypto assets with gradual purchases according to our purchasing power, because everyone has different capital capabilities to buy coins.
I also make purchases with the DCA method when there is a price drop in the crypto market and wait until the market recovers if I get stuck in a high price and can't sell my coins.

It's that the methods are the best for when you want to achieve your desire , for example, btc is expensive, buying it at once like that is difficult , because having that money for many is suddenly hard, so buying it daily a little because little by little it fills up, and that's the idea, to have an excuse for that, I am applying it and it has gone well for me, the idea is to accumulate as much as possible so that we can have many benefits in what remains of this year and in 2025 that is coming there are many good things  , that is what is expected.