Trading Lesson: As Bitcoin Breaks $10,000+, How to Keep ...

10 Crypto Trading Lessons Learned in

10 Crypto Trading Lessons Learned in submitted by tonylewisverdu to cryptotradernews [link] [comments]

A basic lesson on what are cryptocurrency exchanges, altcoins and how to get started with crypto trading.

A basic lesson on what are cryptocurrency exchanges, altcoins and how to get started with crypto trading. submitted by himadri-saha to CryptoCurrencyTrading [link] [comments]

Lessons from turning 5000 into 200 000 trading crypto

Lessons from turning 5000 into 200 000 trading crypto submitted by antb123 to xlm [link] [comments]

He Lost $500k and Went Broke Trading Crypto | Lesson For All Bitcoin Investors

He Lost $500k and Went Broke Trading Crypto | Lesson For All Bitcoin Investors submitted by Thornsb to BLOCKCHAINEDNews [link] [comments]

50 Crypto Trading & Investing Lessons Learned Over The Past 5 Years

By Chris Dunn
1 - Everyone’s a genius in a bull market. Real traders can survive and even thrive in bear markets or highly volatile markets.
2 - Don’t be a blind bull. ALL markets are cyclical. Don’t be afraid of pullbacks or market crashes – that’s where you can make the most money.
3 - There’s a big difference between a trade and an investment.
4 - Fully plan your trade before you pull the trigger on the entry.
5 - Entries are important, but risk & money management is where you make or lose money.
6 - Beware of get-rich-quick gurus hopping on the crypto bandwagon over the past year.
7 - Decide which types of trade setups or investments you’ll take and ignore everything else.
8 - Don’t assume just because you’ve made a lot of money in crypto that you can just as easily make money in other financial markets. 95%+ of stock market traders LOSE money. The game is rigged. Stick to what you know works for you.
9 - The best way to day trade cryptocurrencies is – DON’T!
10 - The best way to profit in any market is to find something you think has big potential early (before the general public catches on), and invest assuming you’re going to lose 100% of your capital. It’s the “angel investor” approach.
11 - You can’t control the market. The only thing you can control is your entries, trade size, and exits.
12 - One market participant can completely destroy “good technical analysis”.
13 - Don’t blindly follow trade alerts from ANYONE, especially random people on social media or chat rooms.
14 - All financial networking marketing projects are ponzi schemes, period.
15 - If you make a life-changing amount of money, do NOTHING for at least 30 days.
16 - Trading isn’t about picking exact tops and bottoms in a market – it’s about catching the meat of a move.
17 - Don’t turn a small losing trade into a massive losing investment.
18 - Don’t set daily profit target goals – set long-term performance goals.
19 - Learn to survive, then thrive.
20 - The best charting indicators are price action and volume. You can use others, but it won’t necessarily make you a more profitable trader.
21 - Trends can go way past what seems rational.
22 - Don’t try to pick tops in a market. Wait for the market to tell you when the trend is over.
23 - Don’t trade in front of big news events – it’s impossible to predict how markets will react.
24 - The biggest challenge for most traders is their ego, or the need to be right.
25 - You can lose 50% of your trades and still be profitable if you manage risk properly.
26 - The best entrepreneurs and CEO’s typically make the worst traders and investors.
27 - People with the best mindset for investing typically have a career in high-risk situations like firefighters, pilots, police.
28 - Avoid pump and dump groups like the plague they are.
29 - You WILL make every mistake in the book. Don’t beat yourself up when you make mistakes, just learn and try not to make the same mistake twice.
30 - Don’t treat crypto exchanges like bank accounts. You don’t own the coins unless you control the private keys.
31 - Crypto is a 24/7/365 market. You can’t catch every trade. If you miss one, don’t worry – there’s ALWAYS another trade.
32 - Don’t invest in a coin unless you understand it inside out.
33 - You can make money trading the momentum and hype in shitcoins, just don’t invest long-term.
34 - Stay away from coins with low trading volume and low market caps. They are easily manipulated and you can get stuck in a position.
35 - Don’t trade with money you need for living expenses. It’s called “risk capital” for a reason.
36 - Think of yourself as a hunter – save your ammo for the big game.
37 - Crypocurrency exchanges go down when there’s high volatility. If price hits a major target or buy zone, it might make sense to place some orders BEFORE everyone else.
38 - Trading and investing brings all your emotions to the forefront – fear, greed, hesitation.
39 - The hardest thing to do in trading is… NOTHING. This can also be the most profitable thing to do.
40 - Just because a market is in a “bubble” doesn’t mean it’s going to die. Bitcoin has been through over half a dozen big bubbles and increased in price after each one.
41 - Manage your trades in a way that would leave you with no regrets no matter what the market does.
42 - Learn to think like a contrarian. If you’re someone who needs to have your opinion validated by everyone around you, then trading and investing isn’t for you.
43 - The shorter the chart time frame, the less reliable the chart patterns are. The longer the time frame, the more variables affect price action and the harder it becomes to predict price. My sweet spot in the daily chart for trade setups and 60-minute chart for entries.
44 - Some market conditions are great for pushing the gas on every trade setup you can find, where other market conditions call for you to slam on the brakes and step away from the markets altogether.
45 - 90%+ of cryptocurrencies will eventually go to zero. Invest accordingly.
46 - The mental side of trading is the hardest to master, the most under-appreciated skill, and will cause you to make or lose the biggest amounts of money.
47 - The 3 biggest problems for traders are over-trading, hesitating on entries, and closing positions prior to profit targets when the trade is still intact.
48 - You can make a career’s worth of profit in one year or one trade – don’t feel like every day has to be a home run. Play the long game. Be patient and wait for the best plays.
49 - Don’t trust anyone else to trade for you. Manage your own high-risk investments (like crypto trading) or don’t participate at all.
50 - Take the news for what it is – they’re trying to get views and clicks. They’re NOT looking out for your best interests or trying to help you make money.
submitted by Al2019 to CryptoCurrency [link] [comments]

50 Crypto Trading & Investing Lessons Learned Over The Past 5 Years

By Chris Dunn
1 - Everyone’s a genius in a bull market. Real traders can survive and even thrive in bear markets or highly volatile markets.
2 - Don’t be a blind bull. ALL markets are cyclical. Don’t be afraid of pullbacks or market crashes – that’s where you can make the most money.
3 - There’s a big difference between a trade and an investment.
4 - Fully plan your trade before you pull the trigger on the entry.
5 - Entries are important, but risk & money management is where you make or lose money.
6 - Beware of get-rich-quick gurus hopping on the crypto bandwagon over the past year.
7 - Decide which types of trade setups or investments you’ll take and ignore everything else.
8 - Don’t assume just because you’ve made a lot of money in crypto that you can just as easily make money in other financial markets. 95%+ of stock market traders LOSE money. The game is rigged. Stick to what you know works for you.
9 - The best way to day trade cryptocurrencies is – DON’T!
10 - The best way to profit in any market is to find something you think has big potential early (before the general public catches on), and invest assuming you’re going to lose 100% of your capital. It’s the “angel investor” approach.
11 - You can’t control the market. The only thing you can control is your entries, trade size, and exits.
12 - One market participant can completely destroy “good technical analysis”.
13 - Don’t blindly follow trade alerts from ANYONE, especially random people on social media or chat rooms.
14 - All financial networking marketing projects are ponzi schemes, period.
15 - If you make a life-changing amount of money, do NOTHING for at least 30 days.
16 - Trading isn’t about picking exact tops and bottoms in a market – it’s about catching the meat of a move.
17 - Don’t turn a small losing trade into a massive losing investment.
18 - Don’t set daily profit target goals – set long-term performance goals.
19 - Learn to survive, then thrive.
20 - The best charting indicators are price action and volume. You can use others, but it won’t necessarily make you a more profitable trader.
21 - Trends can go way past what seems rational.
22 - Don’t try to pick tops in a market. Wait for the market to tell you when the trend is over.
23 - Don’t trade in front of big news events – it’s impossible to predict how markets will react.
24 - The biggest challenge for most traders is their ego, or the need to be right.
25 - You can lose 50% of your trades and still be profitable if you manage risk properly.
26 - The best entrepreneurs and CEO’s typically make the worst traders and investors.
27 - People with the best mindset for investing typically have a career in high-risk situations like firefighters, pilots, police.
28 - Avoid pump and dump groups like the plague they are.
29 - You WILL make every mistake in the book. Don’t beat yourself up when you make mistakes, just learn and try not to make the same mistake twice.
30 - Don’t treat crypto exchanges like bank accounts. You don’t own the coins unless you control the private keys.
31 - Crypto is a 24/7/365 market. You can’t catch every trade. If you miss one, don’t worry – there’s ALWAYS another trade.
32 - Don’t invest in a coin unless you understand it inside out.
33 - You can make money trading the momentum and hype in shitcoins, just don’t invest long-term.
34 - Stay away from coins with low trading volume and low market caps. They are easily manipulated and you can get stuck in a position.
35 - Don’t trade with money you need for living expenses. It’s called “risk capital” for a reason.
36 - Think of yourself as a hunter – save your ammo for the big game.
37 - Crypocurrency exchanges go down when there’s high volatility. If price hits a major target or buy zone, it might make sense to place some orders BEFORE everyone else.
38 - Trading and investing brings all your emotions to the forefront – fear, greed, hesitation.
39 - The hardest thing to do in trading is… NOTHING. This can also be the most profitable thing to do.
40 - Just because a market is in a “bubble” doesn’t mean it’s going to die. Bitcoin has been through over half a dozen big bubbles and increased in price after each one.
41 - Manage your trades in a way that would leave you with no regrets no matter what the market does.
42 - Learn to think like a contrarian. If you’re someone who needs to have your opinion validated by everyone around you, then trading and investing isn’t for you.
43 - The shorter the chart time frame, the less reliable the chart patterns are. The longer the time frame, the more variables affect price action and the harder it becomes to predict price. My sweet spot in the daily chart for trade setups and 60-minute chart for entries.
44 - Some market conditions are great for pushing the gas on every trade setup you can find, where other market conditions call for you to slam on the brakes and step away from the markets altogether.
45 - 90%+ of cryptocurrencies will eventually go to zero. Invest accordingly.
46 - The mental side of trading is the hardest to master, the most under-appreciated skill, and will cause you to make or lose the biggest amounts of money.
47 - The 3 biggest problems for traders are over-trading, hesitating on entries, and closing positions prior to profit targets when the trade is still intact.
48 - You can make a career’s worth of profit in one year or one trade – don’t feel like every day has to be a home run. Play the long game. Be patient and wait for the best plays.
49 - Don’t trust anyone else to trade for you. Manage your own high-risk investments (like crypto trading) or don’t participate at all.
50 - Take the news for what it is – they’re trying to get views and clicks. They’re NOT looking out for your best interests or trying to help you make money.
submitted by Al2019 to BitcoinMarkets [link] [comments]

Weekly Trade Review #57: Trading Lessons + Trade Ideas (BEST Crypto Day Trading Ideas 2019)

Slow week - Lot's of consolidation and no real major breakouts. Best thing to do is stay away and catch-up with everything else.
I also want to pitch some new ideas to you guys about some changes that will be taking place. Would love to get your feedback if you haven't yet already!
Stay tuned for the Weekly Trade Review Live Stream #57
Trading Lessons + Trade Ideas (Best #Crypto 2019)
Every #Monday @ 8AM EST
Watch Live Stream here: https://youtu.be/yqgSHyIMgQw
#weekly #trade #review #daytrading #swingtrading #tradeideas #MondayMotivation
submitted by mralexwinkler to u/mralexwinkler [link] [comments]

Trading Crypto Episode 3 – January Recap & Important Lessons!

Trading Crypto Episode 3 – January Recap & Important Lessons! submitted by ososru to Bitcoin4free [link] [comments]

Trading Crypto Episode 3 – January Recap & Important Lessons!

Trading Crypto Episode 3 – January Recap & Important Lessons! submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Weekly Trade Review #55: Trading Lessons + Trade Ideas (BEST Crypto Trading Ideas 2019)

Full Live Stream: https://youtu.be/cnqO2xFBYww
#weekly #trade #review #monday #crypto #daytrading #swingtrading #tradeideas
submitted by mralexwinkler to u/mralexwinkler [link] [comments]

Weekly Trade Review #54: Trading Lessons + Trade Ideas (BEST Crypto Trading Ideas 2019)

2 Awesome Swing Trade Entries Identified
Watch Full Livestream: https://youtu.be/-crXaBXx-Vc
#weekly #trade #review #monday #crypto #daytrading #swingtrading #tradeideas
submitted by mralexwinkler to u/mralexwinkler [link] [comments]

Weekly Trade Review #53: Trading Lessons + Trade Ideas (BEST Crypto Trading Ideas 2019)

Live Stream: https://youtu.be/MzIdvlrNcKs Super happy to be back at it again, almost 3 weeks of no trading! First trade was last Monday and it started off quick. Remember we haven't changed anything only the position sizes. From $6k to $17k per entry on avg. This allows us to hit our $1k / week goal much easier. #weekly #trade #review #monday #crypto #daytrading #swingtrading #tradeideas
submitted by mralexwinkler to u/mralexwinkler [link] [comments]

Trading Crypto Episode 3 – January Recap & Important Lessons!

Trading Crypto Episode 3 – January Recap & Important Lessons! submitted by Rufflenator to 3bitcoins [link] [comments]

Trading Crypto Episode 3 – January Recap & Important Lessons!

submitted by Leka213 to CryptocurrencyToday [link] [comments]

Lessons that crypto trading taught me about life

Spending a year in crypto is like a decade in stock markets. The emotional rollercoaster here is so intense, it filters out mediocre, impatient traders quite fast. I am convinced that trading is an activity that tests and shapes your character without mercy. I think a lot about how it affects my life and personality, and would love to hear your stories, experience and opinions. This is what I have collected so far:
 
Embrace uncertainty
You can never know where your "net worth" will be in 6 months. It can be easily -80% or +800%. Because of this mad volatility, you will learn not to worry about things you cannot control, and will develop this ability much faster than you could in an environment where people get a stroke from a sudden 15% decrease. As long as I have an idea about where the overpriced and underpriced territories are, I am perfectly content with whatever happens to a currency's price in the next 6 months. If I truly believe in it, I hope it gets lower so I can accumulate more. Trying to have control over uncertain things and trying to time the market can easily drown you into depression. Since crypto earnings would potentially change all of our lives here, this leads us to learn how to be relaxed about whatever the future holds generally. With proper risk management, we enable our future, instead of trying to force it.
 
Stick to your values, stand for something.
As you get more and more wealthy, there will be this constant inner fight with your own greed. You have to know what you own, why you own it and remind yourself to your vision from time to time. When there is carnage and bloodbath on the markets, only these values will help you keep your sanity. Holding through months of bear markets of -70-80% will change you forever. This is how true bitcoin believers got rewarded for enduring all the crashes. This is why you don't want to buy into pump&dump schemes, worthless centralized corporate coins with the sole purpose of money grab. This community stands for freedom and privacy. If you own monero, it is not just an "investment", but also a strong message to banks and governments that we have a much much better alternative to what their corrupt system provides. Generally in life, you must have a strong character, and a solid value set to be respected and followed when things get out of hand. You have to be able to say No at the same time when 99% around you go full retard. These price swings will test our entrepreneurial spirit all the way up.
 
Get your shit together
Compared to stock trading, you can burn out even faster here. I saw so many users in other subreddits complaining about becoming millionaires with crypto yet fapping all day and having no purpose to live. Forget the charts for a couple of days. If you watch every tick, you will trade like a dick. Desperately staring at charts all day won't make you a better trader. Focus on your professional career, hobbies, life goals, learn new technologies, languages, reinvest your earnings into other meaningful things. Go out, have fun, build yourself up as a person. Crypto trading made me realize how precious my time is.
 
Follow the right people
You don't have to be exceptionally smart. (great news for me) Even if everything is against you, just keep listening to smart people. When I discovered the crypto space, I had zero idea about cryptography or blockchain. So I invested a lot of time into figuring out who are the participants holding credibility. If you can determine who to listen to and who to ignore, that alone gives you a huge informational advantage, and that is pure social skill and patience. You need to recognize the hidden superintelligent advice behind the troll comment, and the putrid piece of crap shill behind the seemingly eloquent geeky visionaire bragging on a world conference. Analyzing people can be very counterintuitive in real life too.
 
Be open to new, silly things
If you automatically reject crazy ideas, you will likely not waste time analyzing 99% of them just to arrive at the conclusion that they are indeed worthless. But you will also miss out on the 1% that can potentially change your life. I remember being the "fundamental analyst" guy, who was not willing to buy anything that does not have cash flow or isn't a tangible material used in actual production of useful things. Monero does have fundamental value but to quantify it you will not have any textbook to guide you. You have to imagine yourself all the parameters, possible future aggregate transactional value, velocity of money, possible demand for store of value, etc. In the first time in history we have a way to transact totally anonymously within minutes accross the planet without anyone being able to censor those transactions. We have a way to privately store value without the need to trust anyone or having to explain ourselves. But still it takes an extremely open mind and imagination to understand its consequences, and a possible future valuation for such an asset. It takes an open mind to leave behind the "Drug dealers money!" preconception and understand why privacy is not just for criminals. Being motivated by economic incentive to maintain an open mind have got me used to enjoy more aspects of life, I see the world differently since I got involved in crypto.
 
There are certainly other things that I haven't noticed, I would love to hear about your experience!
submitted by Ernakh to xmrtrader [link] [comments]

Weekly Trade Review #52: Trading Lessons + Trade Ideas (BEST Crypto Trading Ideas 2019)

Welcome to the Weekly Trade Review that we Live Stream every Monday @ 8AM EST. Here's the flow: Trading Haus Keeping, TradeJournal.co Stats Overview, Top Trades & Biggest Lessons (Last Week Trading Lessons), Review BTC & ALT Coin Charts (Trade Ideas), Finish Up Q/A Session.
https://youtu.be/rcNJ8hw2Gyw #weekly #trade #review #monday #crypto #daytrading #swingtrading #tradeideas
submitted by mralexwinkler to u/mralexwinkler [link] [comments]

Weekly Trade Review #51: Trading Lessons + Trade Ideas (BEST Crypto Trading Ideas 2019)

https://youtu.be/aZjbykNLrRE #weekly #trade #review #monday #crypto #daytrading #swingtrading #tradeideas
submitted by mralexwinkler to u/mralexwinkler [link] [comments]

Lessons Learned Trading Crypto

I've been trading crypto for around a year now. I still remember buying ETH at $6 and selling at $12. Yeah I could have held till $20 but back then, I had no idea what I was doing. It has been a long journey learning TA, FA and just overall how markets work.
Recently, I posted a comment in this subreddit about the lack of liquidity in the crypto space. That alone got me thinking about where this ship is headed. I looked at Bitcoin, Ethereum, Monero and Dash. In my opinion, Bitcoin is a mess. It's funny how some find BTC to oppose currency manipulation but one quick look at the volume profile and I can't make sense of why the price is so high. Of course nobody wants to talk about how China owns Bitcoin but oh well.
As for Monero and Dash, their main feature is privacy. Yeah I know Dash is working on being "digital cash" and they have a pretty cool governance model but what about issues like the premine. Premine or not, it brings trust issues that will likely hinder scalability.
Ethereum is a platform built for developers. I've lost track of all the Ethereum-based projects but it's obvious ETH has the most upside. I also find comfort in looking at an ETH price chart and seeing a market that makes sense. As I slowly scale out of crypto, whatever is left is going into Ethereum. I hope these markets continue to mature and liquidity improves. My bet is on ETH but that's just my opinion. Cheers!
submitted by renegadellama to ethtrader [link] [comments]

Node Investor – Trading Crypto Episode 3 - January Recap & Important Lessons!

Node Investor – Trading Crypto Episode 3 - January Recap & Important Lessons! submitted by Yanlii to cryptovideos [link] [comments]

5 Crypto Trading & Investing Lessons Learned Over The Past 5 Days

I thought this was a great post: https://www.reddit.com/CryptoCurrency/comments/7o8w78/50_crypto_trading_investing_lessons_learned_ove
But it's a bit dated now, since nothing in cryptoland makes any sense any more, I thought I would update with what we've learned so far in 2018 (Note these will be invalid by tomorrow)
  1. Don't HODL, day trade for 100% gains, but always HODL for the long term.
  2. Bitcoin is dead, altcoins are the future, but all altcoins will go to zero and the money will return to bitcoin soon.
  3. Market cap is meaningless, but it really matters when we hit a trillion.
  4. Decentralised anarcho-capitalism forever, fuck the banks - buy Ripple!
  5. Raiblocks. I mean Nano, 100%. Not confirmed.
submitted by psyick to CryptoCurrency [link] [comments]

The Top 5 Lessons For Trading Anything, including Cryptos

Authored by Nicholas Colas via DataTrekResearch, Zerohedge
submitted by geringonco to CryptoCurrency [link] [comments]

Crypto Trading & Investing Lessons Learned Over The Past 5 Years

Crypto Trading & Investing Lessons Learned Over The Past 5 Years submitted by arbobmehmood to CryptoCurrency [link] [comments]

Crypto Trading  Lesson #7 - Trading Tools  Free Course (2020) Crypto Trading  Lesson #8 - Long and Short  Free Course (2020) Cryptocurrency trading lesson 1 Crypto Trading  Lesson #5 - Buying Your First Bitcoin  Free Course (2020) Crypto Trading  Lesson #17 - Take The Next Step  Free Course (2020)

Crypto is a 24/7/365 market. You can't catch every trade. If you miss one, don't worry – there's ALWAYS another trade. Don't invest in a coin unless you understand it inside out. You can make money trading the momentum and hype in shitcoins, just don't invest long-term. Stay away from coins with low trading volume and low market caps. Crypto Trading Lesson #3 – Leveraged Trading Options Free Course (2020) Interested in trading cryptocurrency but not sure where to start? This crypto trading course is exactly what you need and it’s completely free! New lessons will be released over the coming weeks, make sure you are subscribed so you don’t miss any of them! ... Crypto Trading - Free Lesson. If you've considered enrolling in Investopedia Academy but you're unsure if it's right for you, we invite you to check out these exclusive free lessons directly from our Crypto Trading Course. Capitalize on the exciting and volatile crypto market by learning expert trading strategies that apply to cryptocurrencies ... Trading Lesson, fourth in a series: Here are over a dozen tips for traders to safeguard themselves with bitcoin and other cryptocurrency, write Avi Gilburt and Ryan Wilday of ElliottWaveTrader.net. In our first article of this series together, Ryan and I spoke about how to start making your first cryptocurrency purchases. We now want to address security. Cryptocurrency trading is more popular than ever and a huge number of investors are looking to jump on the crypto hype to make easy money. But it is very important to understand that crypto trading is no get-rich-quick scheme as most people think.

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Crypto Trading Lesson #7 - Trading Tools Free Course (2020)

Interested in trading cryptocurrency but not sure where to start? This free cryptocurrency trading course is exactly what you need! ‍♀️BEGINNER‍♂️ Beginner's Guide to Cryptocurrency ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Crypto Trading Lesson #6 - Technical Analysis Free Course (2020) - Duration: 9:03. Trader Cobb 288 views. 9:03. Bitcoin Trading for Beginners (A Guide in Plain English) - Duration: 18:48. Crypto Trading Lesson #5 - Buying Your First Bitcoin Free Course (2020) - Duration: 17:07. Trader Cobb 150 views. 17:07. Crypto Trading Lesson #6 - Technical Analysis Free Course (2020) - ... Crypto Trading Lesson #5 - Buying Your First Bitcoin Free Course (2020) - Duration: 17:07. Trader Cobb No views. New; 17:07. Q&A: Culture & Theology Lecture - I Don't Have Enough Faith To Be ...

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