Quote from: herurist on May 18, 2018, 06:32:51 AM

Very helpful but if you can up date your post with indicator is better. From your list I see you already do your homework but mostly like psychology, the difficult part of trading and investing. This guide is more completed if you write about the risk and which one I should test my strategy. I know the beginning but doesn't have knowledge about the end, help me please.

No one is going to be able to provide you with any kind of exact plan. You have to go through some of your own particulars and establish your own budget (including looking at cashflow and other investments), risk tolerance, timeline and view of bitcoin (or whatever your are trading), and once you figure out yourself, then you can attempt to tailor the various strategies to a system that ultimately becomes your own because it is tailored to yourself and becomes more tailored to yourself as you experiment with it and attempt to make it sustainable and profitable.

Quote from: MasterNodes.Cash on May 18, 2018, 12:59:35 PM

Here's the best trading strategy for beginners: NONE.

It is so easy to lose money trading, especially when you don't know what you're doing. Couple that with the current bear market, and you have a recipe for disaster. My advice to beginner traders is this: Do NOT start to trade before you learn the market and technical analysis fundamentals. After you learn the ins and outs of trading, go out and THEN lose money. Losing money is inevitable, but when you know how to trade, losing money will actually teach you something.

I partly agree with you, that you have to accumulate a portfolio before you begin to attempt to trade it, but that does not mean that you should not trade, but instead perhaps begin by using nearly the minimum amounts to learn how to do it profitably.

I also agree that it is more difficult to make money in the short term when the price is moving down rather than up; however, if the price is moving down while you are accumulating, then that may help to put you into a very decent long term position to be accumulating BTC while the price is going down in order to better prepare for when the price goes up, which continues to seem quite likely that someday, maybe even a few years from now, BTC prices will go up and if you continue to accumulate BTC without killing yourself or your budget, then your cost per BTC is likely to go down, too so that you are likely to be in a decent place when BTC prices start to return to upwards trends.

By the way, a downward BTC price correction does not necessarily mean that the whole BTC market is "bear" at this time. So, take those kinds of definitions and assessments with a LARGE grain of salt.

Quote from: trplzr on May 18, 2018, 01:31:48 PM

Quote

What do you mean by 3:1 risk-reward ratio?Three loses for every 1 profit?

You set the gain target to 3x the stop loss value. Working with 3:1 risk-reward, if you win 25% of your trades,you can zero the gains by hitting 1 operation every 4.

BAD idea for beginners to trade on margin, and especially in bitcoin.

Furthermore, historically, bitcoin has had such great ongoing volatility that ends up in high returns, that it is not really necessary to use margins (or leverage) in order to attain and sustain considerable profits. Even if we cannot really predict short term price direction in BTC, it is quite likely that considerable volatility is going to continue in bitcoin, and so any strategy (including trading) can be created to take advantage of nearly assured volatility without the extra and unnecessary risks of employing margin trading, which is likely to screw you and even more likely to screw you if you are a beginner, which whale manipulators in bitcoin are constantly screwing people, including other whales with their purposeful employment of pumping and dumping to force the closing of margin positions. Fuck that.