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Upgrade to a different browser or install Google Chrome Frame to experience this site. Safety rules were written with blood. That statement sounds familiar to every soldier around. Although we are not dealing with a risk to human lives, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation. So, how we can avoid those mistakes in our trading? How to be mostly on the green side?

First, it is important to note that to trade right requires attention and your one hundred percent focus. Secondly, trading is not for everyone.

After all, we are not rational human beings. Here again, it is important considering a number of factors when choosing a stop loss level correctly. Most traders fail when they fall in love with a trade or the coin itself.

Ethereum Trader | sanapidyqel.web.fc2.com - Part 3

And nobody wants to be the one who is left holding it. But what do we do now? Very simple, Keep moving forward. Needless to say, the next step is usually the bright red candle which sells through the whole order book.

Manage risk wisely across your portfolio. For example, you should never invest more than small percentage of your portfolio in a non-liquid market very high risk.

5 Easy Steps For Bitcoin Trading For Profit and Beginners

To those trades we will assign greater tolerance — the stop and target levels will be chosen far from the buying level. Bitcoin is a volatile asset relative to FIAT and this fact should be taken into consideration, especially in the days when the Bitcoin value is moving sharply. Bitcoin and Altcoins have an inverse relationship in their value, i.

When Bitcoin is volatile, our conditions for trading are kind of foggy. Take this into account when holding Alts for the medium and long term, and of course choose them carefully. What kind of Alts are recommended for the long term? Remember, this is only when there is a reason for making a trade. Etherum ETH, Monero XMR, Factom FCT, DASH, are all leading coins and traded the most volume daily. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.

The motivation for the investors is that the token will be traded from day one on the exchanges and would yield a nice profit to the ICO participants. In recent years, there have been many successful ICOs, both the project itself and especially in measuring the yield for investors. Coins doubled, or tripled, their value and much more in relation to their value on the crowd sale. Not all the projects benefit their investors. Many ICOs proved to be complete scams, not only were they not being traded at all but some projects disappeared with the money and we have not heard from them right up to this day.

So how do you know if you should invest in an ICO? Pay attention to the Bitcointalk thread does it exist at all? Is there a large community behind the project? Expect to see a Slack gathering its community. Watch out the amount raised: And most importantly is risk management. Never put all eggs in one basket and invest too much of your portfolio in one ICO. A successful strategy regarding this is placing very low buy orders.

A Beginner's Guide to Altcoin Day Trading | Bitcoin | Day Trading

After a short while the market recovered slightly and anyone who had low buy these low orders could easily double or triple their investment. Do you have other tips to contribute?

We would love to hear them in the comments and by contacting us. Has over 15 years of trading experience in the stock exchange, graduated from TAU - Economics and Management. Breathing and doing Crypto projects since Goes to Crossfit to get away from FOMO.

Yuval Gov December 20, Have a reason before entering each trade: Not all traders make gains from trading, since this is a zero-sum game for everyone who benefits someone else loses on the other side. The Altcoins market is driven by large whales yes, the same ones responsible for placing huge blocks of hundreds of Bitcoins on the order book.

The whales are just waiting patiently for innocent little fish like us to make mistakes. Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses.

From my experience, there are days where you only keep your profits by not trading at all. Target and stop when starting a trade: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.

Meet FOMO fear of missing out: This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.

The underlying asset creates volatile market conditions: Most Altcoins are traded according to the Bitcoin value. Foggy Market Tips for trading Altcoins: Most Altcoins lose their value over time. They simply bleed their value away slowly sometimes rapidly. A word about public ICOs crowd-sales: Many new projects choose to make a crowd-sale where they offer investors an early opportunity to buy a share of the project tokens or coins in what is meant to be a good price for the tokens.

A final tip — practical steps to implement right away: In Poloniex exchange, the difference is 0. Traders with no pressure: Pressure almost always creates losing trades.

Wait for the next opportunity, you will get there. Setting goals and placing sell orders: Buy the rumor, sell the news. When major news sites publish articles it is usually exactly the right time to actually get out of the trade. You have made a good trade, but as always, the moment you sold your coin runs up again! Secondly, read over what was written previously here and never enter position again under pressure.

As long as there is profit — you are ok. Leave your ego aside. The goal here is not to be right on your trades, but to make a profit. Remember, there is no trader who never loses, at least sometimes. The equation is simple — get the total profits to be higher than the total losses. Follow our special article about five must have Crypto websites.

Yuval Gov View all posts by Yuval Gov Co-founder at CryptoPotato. Recent Articles June 10, No Comments. Altcoins Inspector Guide Vol. March 9, No Comments. Bitcoin and Altcoins margin trading for beginners. February 18, No Comments. Is it good time to buy Bitcoin? Meet the DCA strategy. February 5, No Comments. Mycelium Wallet — The complete Guide. Join our newsletter Receive our special crypto tips and news by email: We hate spam, and send max of 1 weekly mail. About CryptoPotato CryptoPotato consists of some handsome writers, early crypto adopters.

Feel free to contact us. Disclaimer Recommendations and Information found on Cryptopotato is those of writers quoted. It does not represent the opinions of Cryptopotato on whether to buy, sell or hold any investment. Investors should be cautious about any recommendations. All investors are advised to conduct their own independent research into individual coins before making a purchase decision.

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