Post
Topic
Board Trading Discussion
Re: 2 Reasons Noobs Fail At Trading
by
whirlcoin
on 08/03/2019, 22:56:19 UTC
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.

1 - Not utilizing discounted trading platforms or functions

2 - Not utilizing stop losses (or setting stop losses in the wrong spots)

Determining where Bitcoin will go hasn't been hard. Determining where Bitcoin will go from a neutral market...now that's a different animal. If you're bullish on a certain crypto always use a stop loss. Look for points of resistance and support, then set your stop losses accordingly. If you are trading and "scalping" your trades, you need to make sure you are paying little to no trading fees. Coinbase pro allows "makers" to pay $0 in fees (limit buy and sell orders). Nauticus is new and offers 99% discounts on all trades atm https://nauticus.exchange/exchange/NTSBTC . Binance allows you to use BNB and receive discounts for it. This isn't rocket science tho guys. Learn how to short, when to open bullish positions, and don't get destroyed by fees from the bigger sites  Grin
yes everyone not following the right Strategies for trading will be the most important thing for anyone to get lost but this is not only the problem for a trader to get lost and also he need the experience about the situation and how to handle it if he know that he will get profit at any time at any situation.