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SHARING EXPERIENCE FOR NEWBIES
( Next part)
After more than 4 months of practicing trading coins, with wins and losses. Summarizing, I am currently down 200u in capital, but as I have more winning trades, I have realized that:
1. Trading futures is better than trading spots because you can trade whether the price goes up or down (as long as you predict the trend correctly, you win). While in spot trading, you just wait to buy low and sell high. For those who don't know how to trade futures, check out YouTube to learn.
2. To make money in this market, you only need to recognize the upward or downward trend and prioritize choosing coins that are trending down over a long period or trending up over a long period to trade. Currently, I see AVAAIUSDT is trending up over a long period, and piusdt on o.k.x is trending down over a long period. You may consider entering a trade.
3. Don't enter a trade when the price is moving sideways.
4. Always and always set a SL (stop limit - stop loss).
Note: this is a personal perspective, and you are responsible for your investment.
#sharetowin
( Next part)
After more than 4 months of practicing trading coins, with wins and losses. Summarizing, I am currently down 200u in capital, but as I have more winning trades, I have realized that:
1. Trading futures is better than trading spots because you can trade whether the price goes up or down (as long as you predict the trend correctly, you win). While in spot trading, you just wait to buy low and sell high. For those who don't know how to trade futures, check out YouTube to learn.
2. To make money in this market, you only need to recognize the upward or downward trend and prioritize choosing coins that are trending down over a long period or trending up over a long period to trade. Currently, I see AVAAIUSDT is trending up over a long period, and piusdt on o.k.x is trending down over a long period. You may consider entering a trade.
3. Don't enter a trade when the price is moving sideways.
4. Always and always set a SL (stop limit - stop loss).
Note: this is a personal perspective, and you are responsible for your investment.
#sharetowin
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SHARING EXPERIENCES FOR BEGINNERS - Part 4.
DO NOT MAKE THE SAME MISTAKES AS I DID.
After 3 months of self-discovery, I have learned many lessons for myself, and recently I have lost more than I have won. From a profit of 939 USDT, I now have a profit of 135 USDT, and I realize that:
" Learning from those who have gone before, who have experience and have earned money consistently is very important. "
I am someone who dares to face the truth, winning when I win, losing when I lose. From that loss, I look back at the reasons why I lost and continue to learn more to win back.
I also want to remind anyone who is also exploring like I was or has not equipped themselves with knowledge or has insufficient knowledge to stop and fully equip themselves with knowledge before continuing to earn money; it’s not too late, otherwise, you will lose all the money you have.
You can find free learning on "YouTube" or learn from anyone (who has proven results) that you know.
In the coming time, I will both learn and earn money back, and I will continue to share my experiences with you.
Wishing you all continuous victories.
#sharetowin
$XRP
DO NOT MAKE THE SAME MISTAKES AS I DID.
After 3 months of self-discovery, I have learned many lessons for myself, and recently I have lost more than I have won. From a profit of 939 USDT, I now have a profit of 135 USDT, and I realize that:
" Learning from those who have gone before, who have experience and have earned money consistently is very important. "
I am someone who dares to face the truth, winning when I win, losing when I lose. From that loss, I look back at the reasons why I lost and continue to learn more to win back.
I also want to remind anyone who is also exploring like I was or has not equipped themselves with knowledge or has insufficient knowledge to stop and fully equip themselves with knowledge before continuing to earn money; it’s not too late, otherwise, you will lose all the money you have.
You can find free learning on "YouTube" or learn from anyone (who has proven results) that you know.
In the coming time, I will both learn and earn money back, and I will continue to share my experiences with you.
Wishing you all continuous victories.
#sharetowin
$XRP
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I went on YouTube to learn. Thank you for sharing more information.
Len YouTube tried to learn and then realized his own way. Wishing you success
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I have learned how to set TP/SL. Thank you for reading the message.
REQUEST FOR HELP:
Hello brothers and sisters.
I don't know how to place a take profit (TP) and stop loss (SL) order. I have read the instructions but don't understand how to fill in the amount correctly. I hope you can sincerely guide me. Thank you very much.
Hello brothers and sisters.
I don't know how to place a take profit (TP) and stop loss (SL) order. I have read the instructions but don't understand how to fill in the amount correctly. I hope you can sincerely guide me. Thank you very much.
See original
SHARING EXPERIENCE FOR NEWCOMERS - Part 3.2 - DURING TRADING.
After determining sufficient CONDITIONS FOR ORDER" - (1). Review the monthly, weekly, daily, hourly, and 15-minute, 5-minute history to see the upward/downward trend and check the peaks and troughs.
- (2). Has it reached the previous lowest trough yet (this is very important, as this is where you make or lose money);
- (3). Check the 3 EMA lines (7), EMA (25), EMA (99) and see if the EMA (7) is going up, cutting one of the other two EMA lines yet?
- (4). Slow down a beat, check if there are 4-5 green candles going up yet?" then place the order and continue to monitor the price movement, see if it has matched the order to make timely adjustments for the order to be matched. After that, continue to monitor the next 4 or 5 candles to ensure the price is going up (at this time the mindset is comfortable), continue to monitor the movements because on the way from the trough to the peak there are many times the price decreases and then rises again. There are times when the price is rising very nicely for a long period and then the price goes down equal to or higher/lower than the purchase price when placing the order. If anyone wants to protect the results, they should place a sell order when the price goes down and wait for it to rise again to buy in again. And just keep monitoring until it reaches a price close to the old peak to close (because there may be new peaks that are lower than the old peak).
*** Note:
- Not necessarily 4-5 green candles mean it will go up because when it has reached the previous lowest trough, it may continue to go down to a new trough (if the trend is going down), the old trough is only for reference.
- We will find it hard to know what the new peak or new trough is, so don’t expect to catch the trough or peak. Just need to see within an acceptable price/profit range is good enough.
#sharetowin $TRUMP
After determining sufficient CONDITIONS FOR ORDER" - (1). Review the monthly, weekly, daily, hourly, and 15-minute, 5-minute history to see the upward/downward trend and check the peaks and troughs.
- (2). Has it reached the previous lowest trough yet (this is very important, as this is where you make or lose money);
- (3). Check the 3 EMA lines (7), EMA (25), EMA (99) and see if the EMA (7) is going up, cutting one of the other two EMA lines yet?
- (4). Slow down a beat, check if there are 4-5 green candles going up yet?" then place the order and continue to monitor the price movement, see if it has matched the order to make timely adjustments for the order to be matched. After that, continue to monitor the next 4 or 5 candles to ensure the price is going up (at this time the mindset is comfortable), continue to monitor the movements because on the way from the trough to the peak there are many times the price decreases and then rises again. There are times when the price is rising very nicely for a long period and then the price goes down equal to or higher/lower than the purchase price when placing the order. If anyone wants to protect the results, they should place a sell order when the price goes down and wait for it to rise again to buy in again. And just keep monitoring until it reaches a price close to the old peak to close (because there may be new peaks that are lower than the old peak).
*** Note:
- Not necessarily 4-5 green candles mean it will go up because when it has reached the previous lowest trough, it may continue to go down to a new trough (if the trend is going down), the old trough is only for reference.
- We will find it hard to know what the new peak or new trough is, so don’t expect to catch the trough or peak. Just need to see within an acceptable price/profit range is good enough.
#sharetowin $TRUMP
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I have lost 63% of my capital (capital of 939 USDT is now 348 USDT) and I am looking for a teacher to learn from. I can no longer figure it out on my own. I hope you accept this first student.
While the market is correcting, altcoins are struggling, those who hold a margin or futures portfolio can reduce their portfolio by half and can't eat or sleep well, so I'll share my thoughts so everyone can have more perspective. .
For people like us who use margin or futures, especially those who hold long-term positions, facing large account fluctuations is inevitable. When a 500usd account in the market fluctuates by 10%, we have to bear the pressure of the account decreasing by 250usd, but when holding for a period of time the account increases to 5000usd, it is normal for it to fluctuate by 2000 - 3000usd. When we are not used to it, it is very painful and scary to see the account decrease so much. We are always afraid that it will decrease to the starting level of 500 USD and maybe burn out.
In this case, most people will be afraid of closing part or all of their position. But closing is easy, but how to buy back enough volume of old positions is not simple, sometimes it causes the account to decline heavily and burn the account, or at least it loses more than the reduction due to the loss. caused by the market. The best way is for us to keep it the same, either it hits the TP we have predetermined, or it breaks even. To be able to maintain that steadfastness, I often think about the reason and purpose of opening this position. For example, if I determine a buying campaign this time tp at btc 90k, I make a profit of 10,000usd, enough money to double my spot capital or buy a small piece of land, or buy a car I like...I wonder if it will be successful. I have 10,000usd enough to do what I need or am I afraid of losing 500usd, will closing my position every time I make a profit of 500usd help me achieve the goal I want. Is it easy to trade 20 trades with a profit of 500 USD?
For people like us who use margin or futures, especially those who hold long-term positions, facing large account fluctuations is inevitable. When a 500usd account in the market fluctuates by 10%, we have to bear the pressure of the account decreasing by 250usd, but when holding for a period of time the account increases to 5000usd, it is normal for it to fluctuate by 2000 - 3000usd. When we are not used to it, it is very painful and scary to see the account decrease so much. We are always afraid that it will decrease to the starting level of 500 USD and maybe burn out.
In this case, most people will be afraid of closing part or all of their position. But closing is easy, but how to buy back enough volume of old positions is not simple, sometimes it causes the account to decline heavily and burn the account, or at least it loses more than the reduction due to the loss. caused by the market. The best way is for us to keep it the same, either it hits the TP we have predetermined, or it breaks even. To be able to maintain that steadfastness, I often think about the reason and purpose of opening this position. For example, if I determine a buying campaign this time tp at btc 90k, I make a profit of 10,000usd, enough money to double my spot capital or buy a small piece of land, or buy a car I like...I wonder if it will be successful. I have 10,000usd enough to do what I need or am I afraid of losing 500usd, will closing my position every time I make a profit of 500usd help me achieve the goal I want. Is it easy to trade 20 trades with a profit of 500 USD?
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Congratulations to you. Outstanding. Not everyone can succeed in the crypto market. I hope you will teach me and together we can spread value to help many people win.
The suffering of cryptocurrency enthusiasts, earning money but not daring to tell anyone, rightly so, especially to those around. Only those who have made money understand that quietly and silently is still the best. Today, I would like to show off my small new house construction project. This is the result of my efforts last year, the whole house and land is about 1 billion. Wishing small traders always stay alert, be lucky, and prosper. 😄😄😄
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I think the books being sold are no longer suitable for the actual situation because the platforms continuously change strategies to win players. I am very eager to read books and learn new things.
On the occasion of breaking ground for the first house in my life, which is also the result of years of hard work investing in cryptocurrency. I would like to share a few core experiences that have helped me survive and earn my first billion from two literal zeros, hoping to assist newcomers entering the market to reduce risks, lower the tuition for the market, and bring dollars from the West back to Vietnam. 😄😄😄
Principle 1: If you don't have money, you need to work and save to invest, absolutely do not borrow. When you don't have money, it means your skills are not sufficient to make money from the market; the more you borrow, the more you will fail, the more anxious and panicked you will become, leading to foolish actions - a vicious cycle. Borrowing may lead you to spend the rest of your life repaying debts without being able to lift your head up. If you have 5 USD, play with 5 USD; if you have 10 USD, play with 10 USD. If you incur losses, go work as a laborer to earn back.
Principle 2: Always allocate 50% of your total capital for spot trading. The market will always have bull and bear phases; no matter how bad you are at futures, if you hold onto your spot during a bull market, you will definitely make a profit. When the market rises, you will also feel secure and steady because you have already made a profit.
Principle 3: To profit from futures trading, you need to look at the larger timeframe, weekly or monthly, as I look at large cycles over several years. Don't aim for take profits (TP) of 10%, 50%, etc.; you need to aim for TPs calculated in thousands of percent or prices that increase by multiples. This way, the profit will be enough to cover all stop losses (SL). For me, the SL for each trade is around 5 - 10 USD, with a win rate of only 10 - 20%, but my TPs are often thousands of USD. You must understand that winning a trade is extremely difficult, so you have to hold on tight.
That's basically it, I will share more later.
Principle 1: If you don't have money, you need to work and save to invest, absolutely do not borrow. When you don't have money, it means your skills are not sufficient to make money from the market; the more you borrow, the more you will fail, the more anxious and panicked you will become, leading to foolish actions - a vicious cycle. Borrowing may lead you to spend the rest of your life repaying debts without being able to lift your head up. If you have 5 USD, play with 5 USD; if you have 10 USD, play with 10 USD. If you incur losses, go work as a laborer to earn back.
Principle 2: Always allocate 50% of your total capital for spot trading. The market will always have bull and bear phases; no matter how bad you are at futures, if you hold onto your spot during a bull market, you will definitely make a profit. When the market rises, you will also feel secure and steady because you have already made a profit.
Principle 3: To profit from futures trading, you need to look at the larger timeframe, weekly or monthly, as I look at large cycles over several years. Don't aim for take profits (TP) of 10%, 50%, etc.; you need to aim for TPs calculated in thousands of percent or prices that increase by multiples. This way, the profit will be enough to cover all stop losses (SL). For me, the SL for each trade is around 5 - 10 USD, with a win rate of only 10 - 20%, but my TPs are often thousands of USD. You must understand that winning a trade is extremely difficult, so you have to hold on tight.
That's basically it, I will share more later.
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I am also just starting to trade on my own, having never learned from any books, schools, or anyone else. It's not because of a closed mindset but rather that I haven't found anyone truly sincere.
On the occasion of breaking ground for the first house in my life, which is also the result of years of hard work investing in cryptocurrency. I would like to share a few core experiences that have helped me survive and earn my first billion from two literal zeros, hoping to assist newcomers entering the market to reduce risks, lower the tuition for the market, and bring dollars from the West back to Vietnam. 😄😄😄
Principle 1: If you don't have money, you need to work and save to invest, absolutely do not borrow. When you don't have money, it means your skills are not sufficient to make money from the market; the more you borrow, the more you will fail, the more anxious and panicked you will become, leading to foolish actions - a vicious cycle. Borrowing may lead you to spend the rest of your life repaying debts without being able to lift your head up. If you have 5 USD, play with 5 USD; if you have 10 USD, play with 10 USD. If you incur losses, go work as a laborer to earn back.
Principle 2: Always allocate 50% of your total capital for spot trading. The market will always have bull and bear phases; no matter how bad you are at futures, if you hold onto your spot during a bull market, you will definitely make a profit. When the market rises, you will also feel secure and steady because you have already made a profit.
Principle 3: To profit from futures trading, you need to look at the larger timeframe, weekly or monthly, as I look at large cycles over several years. Don't aim for take profits (TP) of 10%, 50%, etc.; you need to aim for TPs calculated in thousands of percent or prices that increase by multiples. This way, the profit will be enough to cover all stop losses (SL). For me, the SL for each trade is around 5 - 10 USD, with a win rate of only 10 - 20%, but my TPs are often thousands of USD. You must understand that winning a trade is extremely difficult, so you have to hold on tight.
That's basically it, I will share more later.
Principle 1: If you don't have money, you need to work and save to invest, absolutely do not borrow. When you don't have money, it means your skills are not sufficient to make money from the market; the more you borrow, the more you will fail, the more anxious and panicked you will become, leading to foolish actions - a vicious cycle. Borrowing may lead you to spend the rest of your life repaying debts without being able to lift your head up. If you have 5 USD, play with 5 USD; if you have 10 USD, play with 10 USD. If you incur losses, go work as a laborer to earn back.
Principle 2: Always allocate 50% of your total capital for spot trading. The market will always have bull and bear phases; no matter how bad you are at futures, if you hold onto your spot during a bull market, you will definitely make a profit. When the market rises, you will also feel secure and steady because you have already made a profit.
Principle 3: To profit from futures trading, you need to look at the larger timeframe, weekly or monthly, as I look at large cycles over several years. Don't aim for take profits (TP) of 10%, 50%, etc.; you need to aim for TPs calculated in thousands of percent or prices that increase by multiples. This way, the profit will be enough to cover all stop losses (SL). For me, the SL for each trade is around 5 - 10 USD, with a win rate of only 10 - 20%, but my TPs are often thousands of USD. You must understand that winning a trade is extremely difficult, so you have to hold on tight.
That's basically it, I will share more later.
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I have followed you. You and I are alike in that we like to give to help others improve. I can see your heart. Reading your posts has broadened my perspective.
On the occasion of breaking ground for the first house in my life, which is also the result of years of hard work investing in cryptocurrency. I would like to share a few core experiences that have helped me survive and earn my first billion from two literal zeros, hoping to assist newcomers entering the market to reduce risks, lower the tuition for the market, and bring dollars from the West back to Vietnam. 😄😄😄
Principle 1: If you don't have money, you need to work and save to invest, absolutely do not borrow. When you don't have money, it means your skills are not sufficient to make money from the market; the more you borrow, the more you will fail, the more anxious and panicked you will become, leading to foolish actions - a vicious cycle. Borrowing may lead you to spend the rest of your life repaying debts without being able to lift your head up. If you have 5 USD, play with 5 USD; if you have 10 USD, play with 10 USD. If you incur losses, go work as a laborer to earn back.
Principle 2: Always allocate 50% of your total capital for spot trading. The market will always have bull and bear phases; no matter how bad you are at futures, if you hold onto your spot during a bull market, you will definitely make a profit. When the market rises, you will also feel secure and steady because you have already made a profit.
Principle 3: To profit from futures trading, you need to look at the larger timeframe, weekly or monthly, as I look at large cycles over several years. Don't aim for take profits (TP) of 10%, 50%, etc.; you need to aim for TPs calculated in thousands of percent or prices that increase by multiples. This way, the profit will be enough to cover all stop losses (SL). For me, the SL for each trade is around 5 - 10 USD, with a win rate of only 10 - 20%, but my TPs are often thousands of USD. You must understand that winning a trade is extremely difficult, so you have to hold on tight.
That's basically it, I will share more later.
Principle 1: If you don't have money, you need to work and save to invest, absolutely do not borrow. When you don't have money, it means your skills are not sufficient to make money from the market; the more you borrow, the more you will fail, the more anxious and panicked you will become, leading to foolish actions - a vicious cycle. Borrowing may lead you to spend the rest of your life repaying debts without being able to lift your head up. If you have 5 USD, play with 5 USD; if you have 10 USD, play with 10 USD. If you incur losses, go work as a laborer to earn back.
Principle 2: Always allocate 50% of your total capital for spot trading. The market will always have bull and bear phases; no matter how bad you are at futures, if you hold onto your spot during a bull market, you will definitely make a profit. When the market rises, you will also feel secure and steady because you have already made a profit.
Principle 3: To profit from futures trading, you need to look at the larger timeframe, weekly or monthly, as I look at large cycles over several years. Don't aim for take profits (TP) of 10%, 50%, etc.; you need to aim for TPs calculated in thousands of percent or prices that increase by multiples. This way, the profit will be enough to cover all stop losses (SL). For me, the SL for each trade is around 5 - 10 USD, with a win rate of only 10 - 20%, but my TPs are often thousands of USD. You must understand that winning a trade is extremely difficult, so you have to hold on tight.
That's basically it, I will share more later.
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REQUEST FOR HELP:
Hello brothers and sisters.
I don't know how to place a take profit (TP) and stop loss (SL) order. I have read the instructions but don't understand how to fill in the amount correctly. I hope you can sincerely guide me. Thank you very much.
Hello brothers and sisters.
I don't know how to place a take profit (TP) and stop loss (SL) order. I have read the instructions but don't understand how to fill in the amount correctly. I hope you can sincerely guide me. Thank you very much.
See original
SHARING EXPERIENCE FOR NEWCOMERS - PART 3.1
HOW TO WIN
To win in this fierce market, you need to be prepared: BEFORE, DURING, and AFTER trading any coin.
● BEFORE starting the trade:
- Record the amount of money you have.
- Choose coins with low prices (3.xxx or lower for coins with 3 decimal places; 0.4xxx or lower for coins with 4 decimal places; 0.3xxxx or lower for coins with 5 decimal places; 0.0xxxxx or lower for coins with 6 decimal places) and with high volatility to optimize profits. Or you can choose coins at a price you like but still ensure optimized profits.
- Review the candlestick history and compare the price fluctuations of that coin by month, week, day, hour, and every 15 minutes, every 5 minutes.
- Check if it has reached the previous low or has it gone up again (write down the previous low and monitor the developments for appropriate adjustments).
▪︎ Note: When you see it has reached the previous low and all three EMA(7), EMA(25), EMA(99) of the 5-minute timeframe are going down, then it continues to drop. Keep monitoring; when you see the three lines close together, the EMA(7) line goes up (due to a green candle - price rising) and crosses one of the other two lines, then it starts to rise. From my experience, it's best to "slow down the pace" to monitor 4-5 green 5-minute candles for certainty. Better to make a little but safely.
Stay tuned for the DURING and AFTER trading parts.
#ShareYourTrades
#Share2Win
$CGPT
HOW TO WIN
To win in this fierce market, you need to be prepared: BEFORE, DURING, and AFTER trading any coin.
● BEFORE starting the trade:
- Record the amount of money you have.
- Choose coins with low prices (3.xxx or lower for coins with 3 decimal places; 0.4xxx or lower for coins with 4 decimal places; 0.3xxxx or lower for coins with 5 decimal places; 0.0xxxxx or lower for coins with 6 decimal places) and with high volatility to optimize profits. Or you can choose coins at a price you like but still ensure optimized profits.
- Review the candlestick history and compare the price fluctuations of that coin by month, week, day, hour, and every 15 minutes, every 5 minutes.
- Check if it has reached the previous low or has it gone up again (write down the previous low and monitor the developments for appropriate adjustments).
▪︎ Note: When you see it has reached the previous low and all three EMA(7), EMA(25), EMA(99) of the 5-minute timeframe are going down, then it continues to drop. Keep monitoring; when you see the three lines close together, the EMA(7) line goes up (due to a green candle - price rising) and crosses one of the other two lines, then it starts to rise. From my experience, it's best to "slow down the pace" to monitor 4-5 green 5-minute candles for certainty. Better to make a little but safely.
Stay tuned for the DURING and AFTER trading parts.
#ShareYourTrades
#Share2Win
$CGPT
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from sell-offs when the market drops too quickly.
Where do exchanges make money?
Ever wondered how cryptocurrency exchanges make money? Here are the fees that exchanges collect from investors.
Transaction Fees:
Every time an investor makes a buy or sell transaction on the exchange, they usually have to pay a small fee. This fee can be calculated as a percentage of the transaction value or a fixed amount.
Transaction Fees:
Every time an investor makes a buy or sell transaction on the exchange, they usually have to pay a small fee. This fee can be calculated as a percentage of the transaction value or a fixed amount.
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SHARING EXPERIENCES FOR NEWCOMERS - PART 2
5 REASONS WHY THE PRICE IS RISING, BUT WHEN YOU BUY, THE PRICE DROPS ??
This is a common situation for many people (including myself, who has learned from experience and sometimes still gets caught, haha). You might think that the market is targeting you, but that's not the case. If you try not to place a buy order at the moment you intend to buy, the market will still go down.
In my opinion, there are the following reasons:
1. You are buying at the peak. The market always fluctuates like a sine wave; it goes up to a peak and then goes down, after going down it will go up again, and when it reaches the peak, it will go down. A peak is compared to a trough (there are high peaks and low peaks).
2. Because you haven't analyzed the current market (EMA lines, candles), you see too many green candles and decide to buy immediately. I'm not good at analyzing EMA lines or candles; I just observe based on experience, without formal learning. It's not necessary to learn either, because in reality, it will be very different from theory and will continuously change to win against players.
3. Due to the trend going down, but seeing 1-3 green candles, you might think it's going up (when you place an order, the price goes down even more, causing your fear psychology to increase, leading you to sell at a loss ==> the exchange earns money from here).
4. Because you are greedy, buying at the lowest price to maximize your profits.
5. Not "slowing down a beat." Taking time to observe before making a decision is very important. It's better to earn a little less but make the right decision.
Let's share other reasons you see for everyone to learn from.
5 REASONS WHY THE PRICE IS RISING, BUT WHEN YOU BUY, THE PRICE DROPS ??
This is a common situation for many people (including myself, who has learned from experience and sometimes still gets caught, haha). You might think that the market is targeting you, but that's not the case. If you try not to place a buy order at the moment you intend to buy, the market will still go down.
In my opinion, there are the following reasons:
1. You are buying at the peak. The market always fluctuates like a sine wave; it goes up to a peak and then goes down, after going down it will go up again, and when it reaches the peak, it will go down. A peak is compared to a trough (there are high peaks and low peaks).
2. Because you haven't analyzed the current market (EMA lines, candles), you see too many green candles and decide to buy immediately. I'm not good at analyzing EMA lines or candles; I just observe based on experience, without formal learning. It's not necessary to learn either, because in reality, it will be very different from theory and will continuously change to win against players.
3. Due to the trend going down, but seeing 1-3 green candles, you might think it's going up (when you place an order, the price goes down even more, causing your fear psychology to increase, leading you to sell at a loss ==> the exchange earns money from here).
4. Because you are greedy, buying at the lowest price to maximize your profits.
5. Not "slowing down a beat." Taking time to observe before making a decision is very important. It's better to earn a little less but make the right decision.
Let's share other reasons you see for everyone to learn from.
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SHARE EXPERIENCES IN CRYPTOCURRENCY TRADING FOR NEWBIES - Part 1.
Hello everyone.
I am a newbie, I have been practicing coin trading for more than 2 months and I am still making a profit (not yet negative on my capital), I only learn from my own experiences, I have not taken any coin trading classes.
After more than 2 months, I have learned a lot from my mistakes. Here I will share the very basic lessons that I have learned.
1. When you first start practicing trading, trade with small amounts of money from 10 - 20 USD to get used to it.
After you get used to it and know how to win (there will be an article sharing how to win in trading), gradually increase the amount to 100 - 200 usdt, then gradually increase to 500 - 1000 usdt and more.
2. When you make a mistake, write it down in a notebook, memorize it so you don't make the same mistake a second or third time. Or write it down on a note and stick it somewhere where you often sit to trade so you can easily see it and read it.
3. Clearly know the goal of how much usdt you want to earn per day and only make a maximum of 6 transactions/day (whichever comes first).
For example: the goal is to earn 30 usdt/day ==> 900 usdt/month. If you make 2 transactions (buy - sell) and you have earned 30 usdt, then stop, don't trade anymore, and continue the next day. If you make 6 transactions but have not earned 30 USD, then stop, you should not trade anymore. Because trading more than 6 transactions will make your brain more tired, causing you to make wrong decisions ==> negative to your capital.
There are many more things. Please watch part 2.
Wish you all profitable trading every day.
#ShareYourTrade
Hello everyone.
I am a newbie, I have been practicing coin trading for more than 2 months and I am still making a profit (not yet negative on my capital), I only learn from my own experiences, I have not taken any coin trading classes.
After more than 2 months, I have learned a lot from my mistakes. Here I will share the very basic lessons that I have learned.
1. When you first start practicing trading, trade with small amounts of money from 10 - 20 USD to get used to it.
After you get used to it and know how to win (there will be an article sharing how to win in trading), gradually increase the amount to 100 - 200 usdt, then gradually increase to 500 - 1000 usdt and more.
2. When you make a mistake, write it down in a notebook, memorize it so you don't make the same mistake a second or third time. Or write it down on a note and stick it somewhere where you often sit to trade so you can easily see it and read it.
3. Clearly know the goal of how much usdt you want to earn per day and only make a maximum of 6 transactions/day (whichever comes first).
For example: the goal is to earn 30 usdt/day ==> 900 usdt/month. If you make 2 transactions (buy - sell) and you have earned 30 usdt, then stop, don't trade anymore, and continue the next day. If you make 6 transactions but have not earned 30 USD, then stop, you should not trade anymore. Because trading more than 6 transactions will make your brain more tired, causing you to make wrong decisions ==> negative to your capital.
There are many more things. Please watch part 2.
Wish you all profitable trading every day.
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