Quote from: cheezcarls on September 22, 2020, 12:11:58 PM

Quote from: ImThour on September 02, 2020, 03:22:30 AM

Hey,

I would like to know some advice and information which will be really helpful in my trading journey. I have invested $500 for the start and I am willing to learn and invest more.

The advice I gave myself in these 2 weeks is that If any of my coin investment is going low in price, I just need to hold and wait for it to come back at the profit level.

I am sure we have traders here with vast experience.
Really excited to learn new things.

There are some few guys and gals who reached out to me saying that they want to get started in cryptocurrency trading. I asked them first if they want to trade everyday or just long-term holding. If they want to do day trader, I usually give them advice by watching Youtube videos about the basics of day trading, and read some useful information here on Bitcointalk.

Google and Youtube are our best friends in finding information that we want, especially in getting started for beginner traders. Its just that I dont have all the time to teach them, but I want them to be self-resourceful.

Good advice, you do not want them to be dependent on you for their learning process, let them learn on their own and if they have some doubts then they may come to you, a person they trust, to dispel their doubts.

However it is also important to warn newbie traders that day trading is by far the most difficult way to trade, it is also the most profitable which is why it attracts so many people, but the difficulty of it comes from the fact that you need to know your system like the palm of your hand and even a delay of a few seconds between your decisions can make the difference between making profitable trades or losing money in the markets.