Quote from: maxreish on April 28, 2019, 11:17:42 AM

Quote from: Hachouma92 on April 24, 2019, 08:09:24 PM

First: Do not invest in any currency before studying it thoroughly and searching for it in depth

-A smart trader always DYOR and will not further buy a coin carelessly without studyig. This is oblivious and basic action of a typical trader.

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Second: you should always buy at the lowest possible price try to buy the currency when it decreases
To the lowest levels and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment and dramatically

How can a normal trader will know if the price of corresponding altcoins is at the lowest possible value? Seems like they do not know the technical and fundamental analysis while an expert and experienced trader knew about this.

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Third: Avoid panic when the currency devaluation and do not rush to sell it because it may return
To rise again you must be very patient during trading

There are times that we tend to fall for fuds and react with FOMO. But if we are using indicators and we trust our own TA, we can further avoid such panic.

Anyway, thank you for the tips. Still, these are the tips that a starter in trading should read to at least avoid loses.

At very least we can avoid losses but being caught into FOMO might changing our course into a bad situation. We can do our own TA but it could be have some basis and not just relying on the news but we take look straight into its currents trend. There is no accurate TA but at least we know how that certain coin moves.