Ninjastic
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Board Trading Discussion
Re: What would be your recommendations when trading crypto?
by
SmartIphone
on 26/10/2016, 20:10:48 UTC
Quote from: Supercrypt on October 21, 2016, 04:08:05 PM
Quote from: SmartIphone on October 13, 2016, 09:59:23 PM
Quote from: Abiky on October 13, 2016, 08:58:51 PM
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley

There is no book that tells you the secrets of trading, from my experience (which is not a lot but not small too) you learn more by doing.
Trade yourself (without bots) and analyze a lot the most traded coin on the exchange you plan to trade.
I have been trading since a long time like 6 months or 10 months and one thing I can tell you, yes experience comes from doing more and more trades, but hey you cannot say books don't teach about trading, I myself have a few that I learn with how to manage when the market is fluctuating and all, though I do not really remember the names and authors.

I'm not saying that the books don't teach us anything but we have to face with the real situation where you "play" with your funds.
And from experience you can gain skills and you think way different comparing with the trading that you started at day 1.