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Showing 20 of 52 results by steve57
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Topic
Board Beginners & Help
Re: Giving 17 Newbie Members a Chance to Rank Up To J. Member
by
steve57
on 05/01/2019, 03:01:07 UTC
Post
Topic
Board Trading Discussion
Re: This will help to improve your trading
by
steve57
on 02/01/2019, 15:03:55 UTC
Calculate your risk first if you can afford that risk than I suggest to hold as markets is in correction stage now  (this is just my suggestions I don't know what altcoins you are holding) if altcoin you are holding are good then a little bit market support it will recover
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Topic
Board Trading Discussion
Re: This will help to improve your trading
by
steve57
on 01/01/2019, 14:24:44 UTC
I have been trading from 2 years and this are the mistakes I did and I do keep note of that so that I don't repeat those again
I shared my experience (mistakes) so that newbies can know and be aware of this , I have seen many traders just run behind strategies and igonre many important rules which is equally important as strategies
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Topic
Board Trading Discussion
Re: This will help to improve your trading
by
steve57
on 28/12/2018, 16:11:29 UTC

emotions greed and panic is always bad for trading we have read many rules in books and we did experience those in real trading but this takes time to improve our emotions  
Emotions are always enemies for our trading plans. No books will help you to tackle your emotions while trading but only your experience may help you. That is why pro traders always emphasizing about mock-trading. Through experience we can handle our emotions effectively so that we will not take decisions due to emotional failures.
I have been trading for a year now , and still I'm not even close to being able to control my emotions. It had lost me so much money and I feel frustrated and almost close to quitting because I think this market isn't for me. I guess the problem is the fact that the money I have on cryptocurencies are my only funds and my only source of income. This makes it harder for me to not get emotional when my holdings start falling ,which drives me to make irrational decisions to try and recover somehow.
yes if we depend only on trading income, our emotions will affect our trading more, first reason is fear of losing and next is too much concern on money
i have seen many who dont care about there capital and concentrate only on there trading have good emotion control
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Topic
Board Trading Discussion
Re: This will help to improve your trading
by
steve57
on 21/12/2018, 09:52:31 UTC

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

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There are times you get stuck on a trade and you feel hopeless that the coin that you bought will go nowhere and you'r option is just to cut loss and move on. However, there are times that all coins are on a down trend including the coin that you bought, so moving to another investment is not a good idea too, so you hold on to your coins  or cut loss and look for another opportunity. But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment.
good point I will add this to main thread post ,thanks
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Topic
Board Announcements (Altcoins)
Re: [ANN] [1X2 COIN]★ X11/POS ★ [MASTERNODES] Crypto Sportsbooks Payment Sites
by
steve57
on 20/12/2018, 14:59:06 UTC
most people who like to do gambling, 1x2 is very suitable to serve as a means of payments  to play gambling as it uses 1x2 coins as payment methods for its sports book . I am awaiting for this coin to get established and and implement  it's own sports book soon
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Topic
Board Trading Discussion
This will help to improve your trading
by
steve57
on 19/12/2018, 11:45:01 UTC
hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)
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Topic
Board Trading Discussion
Re: Would like to start trading. Looking for tips!!!!
by
steve57
on 16/12/2018, 06:41:23 UTC
tips are very bad newbies will be easily scammed dont try tips and all you will lose all money and there will be no second chance also instead of going behind of tips and wasting of money because of greed try to learn by yourself
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Topic
Board Speculation
Re: bitcoin price breaking lows again and again
by
steve57
on 16/12/2018, 06:28:58 UTC
so there is still time for bottom and so i should my investments still longer atleast if i see markets recovering in second quarter also it will be fine
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Topic
Board Speculation
bitcoin price breaking lows again and again
by
steve57
on 15/12/2018, 12:50:40 UTC
bitcoin price are breaking lows again and again  i cant see any signs of bulls entering markets in charts and already Christmas and this year is ending i think still bears will be in control for some more days , but i am still hopping for a bull run soon  and holding my coins  Sad           
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Topic
Board Trading Discussion
Re: Panic? Where are the volumes?
by
steve57
on 15/12/2018, 12:41:01 UTC
if traders panic then traders cant make right decision , we have to first analysis what is the reason for panic selling and decide weather to sell or hold 
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [1X2 COIN]★ X11/POS ★ [MASTERNODES] Crypto Sportsbooks Payment Sites
by
steve57
on 14/12/2018, 15:40:40 UTC
I usually gamble when there is important match like final league champion match. But watching this team betting tips now I am started betting in many other matches too
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Topic
Board Speculation (Altcoins)
Re: Do you always invest in top ranked coins?
by
steve57
on 14/12/2018, 11:31:31 UTC
for newbies like me investing is top altcoins is preferable low ranked coins are more riskier , but top altcoins investment is huge i am confused 
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Topic
Board Trading Discussion
Re: Forex Trading is Profitable?
by
steve57
on 12/12/2018, 11:53:33 UTC
what i like in forex is volumes are very good and manipulation is very less

lot of brokers are having many non sense bonus and offers be careful while choosing forex brokers    
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Topic
Board Trading Discussion
Re: How do I find quality traders?
by
steve57
on 09/12/2018, 17:10:27 UTC
finding quality trades comes from experience, and we must lose much money to gain experience then only we will know which is a trap and scam and which is good
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [1X2 COIN]★ X11/POS ★ [MASTERNODES] Crypto Sportsbooks Payment Sites
by
steve57
on 09/12/2018, 13:49:55 UTC
The development and expansion of Blockchain technology has triggered new opportunities in the betting on the sports industry. Together with a skilled team of specialists in the sports and business there is good opportunity to invest and  bet to  earn profits and make money
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Topic
Board Bitcoin Discussion
Re: What percentage of bitcoin buyers at the higher prices are still holding?
by
steve57
on 09/12/2018, 03:17:31 UTC
many of them would have taken what they got and sold as there was many saying that bitcoin is bubble many sold i think , but as this is trading we do get all types of traders , investors  who think that bitcoin as good future may be holding still as people who think like this are less , small percent of investors might be holding bitcoin 
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Topic
Board Speculation (Altcoins)
Re: The best altcoins when the bull coming
by
steve57
on 08/12/2018, 15:02:49 UTC
i think we should select coins in which team is active and doing good activities because that is what will influence price when markets are good   
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Topic
Board Trading Discussion
Re: Bear time is near to end
by
steve57
on 08/12/2018, 13:16:53 UTC
i have seen 100 of topics like this but bears are getting stronger and markets is crashing only
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Topic
Board Speculation (Altcoins)
Re: Buy now or wait?
by
steve57
on 08/12/2018, 13:05:42 UTC
no one know till where markets go so if you are able to hold with this risk you can lose then its your choice