Crypto Trading Ideas

[bitman007]

Hello Friend, Learning is best way to earn in crypto market. i am learning and sharing so i can read it any time and many of my friends can get benefit, i want share some important points for crypto trading here wtih you friends hope these will help to understand in crypto trading : 

==>> Don't buy a coin when its already pumped a lot there will be very fewer chances to make profits with something that is already high! More chances of losing.
==>> Always buy with only 10% of your total portfolio, don't put all your eggs in one basket.
==>> Hold positions strongly for the maximum profits, always change the stop loss if a coin chases the first target. Change the stop loss to a little above the entry price and keep doing the same if a coin continues to go higher, anyways it doesn't work all the time since sometimes the coin chase the first target and goes down to the buy price again, for that you can do one thing, sell some part of the holding at the first target! And book profits according to the situation.
==>> Stop losses are very necessary for the trading, a good trader always use the stop loss but they use the stop loss around 15/20% because they try their best to avoid the trade goes to stop loss level.

==>> Don't buy a lot of coins! Only pick 2-3 coins and wait for them to reach the targets before opening new trades.

Kindly read them carefull and try to use them, hope this will be helpful.

Thanks 

Good Luck all 

[williamshennie9]

There are literally hundreds of coins created every day. Most of them fail (sometimes all of them). How can I identify promising coins from the rest? Any suggestions on how to pick those?

[bitman007]

Just now, williamshennie9 said:

There are literally hundreds of coins created every day. Most of them fail (sometimes all of them). How can I identify promising coins from the rest? Any suggestions on how to pick those?

Volume and liquidity are key. So only choose big name coins and pairs with a lot of action. Many terrible coins have high volatility but low volume which makes it easy to get trapped. Lesson: Only trade with popular coins.

[williamshennie9]

1 minute ago, bitman007 said:

Volume and liquidity are key. So only choose big name coins and pairs with a lot of action. Many terrible coins have high volatility but low volume which makes it easy to get trapped. Lesson: Only trade with popular coins.

Thank you for your helpful advise and posting ideas for crypto trading. You are a huge asset to the Stake forum community

[bitman007]

17 hours ago, williamshennie9 said:

Thank you for your helpful advise and posting ideas for crypto trading. You are a huge asset to the Stake forum community

Thanks dear hope we will hrlp each otber and grow with crypto . Good luck 

[irawk0]

17 hours ago, bitman007 said:

Volume and liquidity are key. So only choose big name coins and pairs with a lot of action. Many terrible coins have high volatility but low volume which makes it easy to get trapped. Lesson: Only trade with popular coins.

Except popular coins with big names and alot of action will either be so volatile or so expensive already. Prefer investing my money in real estate or something lol