Quote from: pixie85 on December 13, 2020, 06:44:30 PM

Quote from: Boov on December 09, 2020, 11:51:10 PM

Quote from: AbbyS on November 28, 2020, 06:07:13 PM

what trading tips that actually worked with you so far?
and by worked i meant that you are making profit rather than losing money ...
PS: buying a long time ago is not a trading tip

I've been successful only when I traded during bullrun, but with bearish market it turns our so bad and gaining better profit was too hard. Trading on a dip market is a big suicide, you don't know when to step on or just run away for nothing. Some of the mistakes we made was due to lack of knowledge and market observation.

Every newbie can be successful in a bull run but usually those who just buy and hold for a while make more money than those who make many trades every day.

It's a huge mistake made by new traders. They make a lot of transactions with each of them costing them some money in fees. Then they sum it up and think they're doing good because in the end they have more money than they started with. At the same time people who bought and held made 2 times more without wasting time buying and selling.

This is very common, a bull run gives the impression to everyone that they are a genius when it comes to trading the markets but this is a false impression, at some point the market goes back to moving sideways or it crashes and suddenly all of those people that did so well begin to get destroyed by the market, this is something that we will see once again we just do not know when, as it is possible the price of bitcoin keeps growing during the next weeks or not if the wales decide to crash market if they think the bull market has lasted long enough.