Post
Topic
Board Trading Discussion
Re: WHAT DOES A TRADER NEED?
by
Apened
on 04/11/2019, 10:07:14 UTC
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

Honestly, you can answer that by yourself.

You got some useful and helpful advice here: . You just need to understand what others told you.

And I think, even by a bit, you already have a knowledge about choosing a coin to trade based on your preferences so I believed you already know the basics,

If you investigate and evaluate the project correctly you can make a profit from any good coin. But definetely prefer to stick with proven ones. My top alts NEO, XRP, XLM, NWC...



The reason why i asked the main question (what does a trader need?) is because i think that i sometimes overcomplicate and over analyse everything (same for other things in my life).
I have basic knowledge but don't feel comofortable to start daytrading (which is my wish)
Would like to make the process as simple as possible, systematically.
You have to work on that part over analization will end up with nothing. That basic knowledge is all you need as of now master that basic knowledge try to figure out how can you apply it well in your day trading activity.
Don't overcomplicate especially using tools and indicators. I will give an example :

Trader A use tradingview and he knows where is the support but he keeps on adding many tools and indicators so the tendency his Technical analysis will become completely complicated
Trader B us tradingview he only plots support and resistance and use 2 or 3 indicators and tools so he can decide quickly and analyze the chart effectively with the other simple details.