Post
Topic
Board Trading Discussion
Re: There are some indispensable things that new traders need to know.
by
St4yInTh3D4rk
on 14/01/2019, 15:42:14 UTC
~

Number 1 was kinda different for me. I never changed exchanges since I started trading. Binance just simply suits my needs and I don't think I'll need more anything than that. It's either I trade or not, or call it a day when I day trade.
Sometimes #2 is quite situational. Pumps also happen to alts whenever BTC pumps due to different buys due to late pumps of those trying to catch up to the ride.
Number 3 is simply basic knowledge but complex application due to variation of investment strategies.
Number 5 is something that is not for the day-traders since they continuously sell then buy and vice versa gaining small profits.
Lastly, number 9 is the hardest to understand statement for a lot of traders since emotions always were involved in trading. The fear and despair that always await right in the corner of the TAs are the things that triggers these emotional trading.
There are no strategies for making perfect trade always,these are the guide to beginner and it is a good read too.But trading is like crucial thing when we can't decide about acting to a news or not even if the news is fake still the prices gets influenced so for perfect profitable trade we need luck too.