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Author Topic: What are the main things to keep in mind while trading  (Read 1917 times)

Offline Gita

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What are the main things to keep in mind while trading
« on: October 19, 2024, 07:49:05 PM »
While trading in Crypto Market, it is necessary to know what the investment has been made in. Then we should pay attention to the topics that it is worth holding or not. On the trading chart, the market goes up and down in one second and we know that.falls
Apart from that, is there anything else to consider??

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What are the main things to keep in mind while trading
« on: October 19, 2024, 07:49:05 PM »

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Online Hatchy

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Re: What are the main things to keep in mind while trading
« Reply #1 on: October 19, 2024, 08:58:42 PM »
You haven't listed anything yet to consider while trading.. first you should know that trading involves risk and before going into trade you should know how much you are willing to risk. Always have the mindset that you are not here to make money but to grow your money. Expect losses as the market has to take from you before it gives back. Don't revenge trade. This is another thing alot of people don't get. When you encounter substantial losses, exist the market kindly and take a break. Forcing yourself into the market after a huge loss will only lead to even more. Take your time to re analyze and know your mistakes.. these and many more you should consider while trading..
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Re: What are the main things to keep in mind while trading
« Reply #1 on: October 19, 2024, 08:58:42 PM »

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Offline Sim_card

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Re: What are the main things to keep in mind while trading
« Reply #2 on: October 19, 2024, 09:41:50 PM »
Don't be greedy and take little profits when you are opportune. Always know how to control your emotions and don't open a trade when you don't understand the market. Use stop loss to control your losses, and lastly, only trade with the amount of money that you can afford to lose.

Online taufik123

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Re: What are the main things to keep in mind while trading
« Reply #3 on: October 19, 2024, 10:24:11 PM »
The most important basic knowledge of trading, technical analysis and fundamentals, If a trade is made without analysis they are only guessing by their feelings, not by reading the charts and how the fundamentals occur.

If you don't have basic knowledge, then don't trade, it will only cause losses because you don't know when to enter and when to exit.

Not only that, management also needs to be done to make trades according to the strategy and not make trading a waste of money.

Offline dekafee79

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Re: What are the main things to keep in mind while trading
« Reply #4 on: October 20, 2024, 01:08:30 PM »
The most important basic knowledge of trading, technical analysis and fundamentals, If a trade is made without analysis they are only guessing by their feelings, not by reading the charts and how the fundamentals occur.

If you don't have basic knowledge, then don't trade, it will only cause losses because you don't know when to enter and when to exit.

Not only that, management also needs to be done to make trades according to the strategy and not make trading a waste of money.
Technical and fundamental analysis is basic knowledge in trading and we must learn it in order to become a professional trader, because we cannot always rely on luck or follow others. Conducting analysis and reading market movements is very important, we also have to learn many other things. It takes a long time to learn trading and of course we also often experience defeat when we first learn to trade, and that is common for newbies

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Re: What are the main things to keep in mind while trading
« Reply #5 on: October 20, 2024, 02:26:53 PM »
The golden rule is to not try and trade with more than you can afford to lose!
Look at a $100 bill and think if you can throw it in the garbage bin without feeling bad for weeks if you can then it means you can afford to play with that much, do it again with $1000 and if you think that such a loss would devastate you then it simply means trading with more than $1000 is out of your league.

Offline Vx1

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Re: What are the main things to keep in mind while trading
« Reply #6 on: October 20, 2024, 02:59:38 PM »
Don't be greedy and take little profits when you are opportune. Always know how to control your emotions and don't open a trade when you don't understand the market. Use stop loss to control your losses, and lastly, only trade with the amount of money that you can afford to lose.
This factor is often forgotten when trading, when the coin I bought has increased in price but I do not sell it.
Because I feel that I do not get much profit, but at that time it often happens that the price of the coin does not increase but instead decreases.
This has happened not only once, but has happened many times.

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Re: What are the main things to keep in mind while trading
« Reply #6 on: October 20, 2024, 02:59:38 PM »


Offline Agbe

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Re: What are the main things to keep in mind while trading
« Reply #7 on: October 20, 2024, 03:37:42 PM »
There are many things to consider when trading. Don't take your shallow trading knowledge to the trading field. Because many traders are newbies go into trading when they have small knowledge about. And don't enter the market anyhow but be calculative. You must know when to enter the trade and when to stop. Don't pursue big profit  it Cash out whenever profit gotten. And don't deposit big amount to trade at the initial time. Trading is not for inexperienced oness but for the experienced ones.

Offline MUGNIA

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Re: What are the main things to keep in mind while trading
« Reply #8 on: October 20, 2024, 03:53:03 PM »
Don't be greedy to get profit, because if we are greedy in seeking profit, the profit that has been outlined will be lost because we are chasing high prices that never come, targeting 10-20% profit is still reasonable for meme coins when first listed

Online salad daging

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Re: What are the main things to keep in mind while trading
« Reply #9 on: October 20, 2024, 06:00:05 PM »
Actually, there are many things to remember in trading, the most important thing is that you have basic knowledge in chart analysis as well as with the fundamentals, if you don't feel confident in trading then don't force it, it's better to invest.

Suppose if you want to start trading with live money then use small money maybe you will experience losses but it doesn't matter if it's a sign as your experience.

Currently I am not focusing on trading, want to find safety where to choose investment rather than trading.

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Re: What are the main things to keep in mind while trading
« Reply #10 on: October 20, 2024, 06:59:11 PM »
While trading in Crypto Market, it is necessary to know what the investment has been made in. Then we should pay attention to the topics that it is worth holding or not. On the trading chart, the market goes up and down in one second and we know that.falls
Apart from that, is there anything else to consider??
On the moment that you do step your foot into this crypto space then the primary thing that should be up into your mind is not to make yourself that being delusional on making easy profits.
Why? This could really be that resulting that for you to become that too impulsive towards it and you would really be having those kind of steps on which you do end up on becoming
that being desperate because of some wrong thoughts and beliefs that you do have in mind on the moment that you do make out such engagement.

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Re: What are the main things to keep in mind while trading
« Reply #11 on: October 20, 2024, 08:41:17 PM »
-snip-
It takes a long time to learn trading and of course we also often experience defeat when we first learn to trade, and that is common for newbies
It takes a long time as well as experience, because without experience a trader cannot determine how the Bitcoin market works.
I myself started learning from scratch by looking for various kinds of references and started trading practice even though I didn't have enough funds.

But with practice we will know how the crypto market works, how trading and technical and fundamental analysis affect the crypto market.

Offline Gita

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Re: What are the main things to keep in mind while trading
« Reply #12 on: October 20, 2024, 08:42:44 PM »
Don't be greedy and take little profits when you are opportune. Always know how to control your emotions and don't open a trade when you don't understand the market. Use stop loss to control your losses, and lastly, only trade with the amount of money that you can afford to lose.
Okkk, thank you, I will surely pay attention to your words and invest in trading..

Offline Gita

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Re: What are the main things to keep in mind while trading
« Reply #13 on: October 20, 2024, 08:51:27 PM »
The most important basic knowledge of trading, technical analysis and fundamentals, If a trade is made without analysis they are only guessing by their feelings, not by reading the charts and how the fundamentals occur.

If you don't have basic knowledge, then don't trade, it will only cause losses because you don't know when to enter and when to exit.

Not only that, management also needs to be done to make trades according to the strategy and not make trading a waste of money.
Yes, I have just started a new startup.  I don't have much knowledge, so I am doing less business, starting slowly and moving forward.. You all keep explaining... Thank you.

Offline electronicash

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Re: What are the main things to keep in mind while trading
« Reply #14 on: October 20, 2024, 09:41:34 PM »

here's something a newbie should best remember in trading.

one of the best days to trade is when the market is bullish or in bull season because any token you may buy from the exchanges could double in price in  week which you can gain a lot already even when you are a newbie. 

sell everything when the bull market is over because you're going to lose the money supposedly earned. some people learned all these the hard way.


 

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