Quote from: monineklutak on May 24, 2022, 10:38:06 PM

Quote from: chichigirl on May 23, 2022, 11:07:13 PM

Quote from: Alucard1 on May 17, 2020, 07:13:26 AM

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

Thanks for the information. Trading is really a challenging one. Trading is profitable but you need to learn how it is done and need to check the coin from time to time. Mistakes in trading will help you understand more about it because you will become more careful everytime you make some trade.

That's how trading is and the more experience it will certainly make us better,
what makes trading challenging I think it's because we need more effort especially trading is very complex,
both knowledge, skill and self control we need to learn and it is important for trading

experience and the desire to always improve ourselves are the keys to success in trading, sometimes we make repeated mistakes even though we know what we are doing is wrong. therefore for every transaction we correct so that there is an increase in the quality of our trading. and what needs to be emphasized is the greedy nature that always permeates every human being, therefore we must be able to control it