Quote from: Binugon on August 15, 2018, 09:10:50 AM

Quote from: ash_waz on May 27, 2018, 02:53:53 PM

Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.

However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.

Thanks so much.

Choosing the right strategy is the basis for Bitcoin trading, because the price of Bitcoin can change every day, this daily trading aims to find a quick profit from the movement of Bitcoin prices in the short term, so you should pay attention to support, resistance and moving averages to make sales or purchase.

Agree making a strategy is a golden option for every trader and a person who will hold cryptocurrency.

Making strategies will help you but still in thise strategy we will go down on the 1st try. So knowing how to handle it a a good option as well and not making any bad decisions in the end that you will regret.

PS: Know a way, strategy but know how you will take failure.

Quote from: bohr on August 28, 2018, 09:28:06 PM

Quote from: adzino on August 23, 2018, 05:58:50 PM

Quote from: karthcrypt on August 20, 2018, 11:52:19 AM

One important lesson to learn as far as cryptocurrency goes is that, you can not time the market no matter how skillful you in reading chart and graphs, you can only control your trading and investment entry and exit!

Of course you can't time it correctly you just read the charts and graph. The charts and graphs only speaks of the past. You should keep your self aware of the current events too. These events have a huge influence on the market. Events can trigger the price to go down (an exchange hack) or go up (lets say ETF approval). Also "expectations" can also lead the price to go above or fall.

This is a big problem for many traders, they want to sell at the very top of the market and there are very few people able to do that and most of them are just lucky, it is impossible to predict what is going to be the maximum price of bitcoin but that doesn't matter as long as you sell when the market is going up and we are in the middle of a bull market you will still obtain great profits, it's not important if for example you sold at 15000 when you should have sold at 19000 in the last bull market, you still obtained profits and that is what matters.

Few trader? As I know trader who are into trading has an option where they know "buy low sell it high" then make this happen by loking a the crypto on the time of the situation or rather everytime when they schedule when or when they want to.