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Gunhoo

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Everything posted by Gunhoo

  1. Then I will another coins to invest before they follow the rise. So that I can make profit for the next rise. It's quite easy but it's not. You may also wait for other chance though. It's your choice to do what you want when the market rises.
  2. Gunhoo

    Trading Tips

    My tips in trading would be never invest beyond you financial capability or beyond your limit. Because once you lose them, you lose them more the next time and you will be very disappointed if you lose a lot of money at once, right? So, only use the amount you're willing to lose which I hope you will not lose them in the process ever. Safe trading , guys
  3. The risk of margin trading is you may earn a lot of money in a single trade or you may a lot more if you're making a one mistake. The risk is higher than a normal trading is. It's only for the experienced traders. Even experienced onee didn't really to margin trading because of the risk.
  4. Confidence in trading is when you don't have profits but you're not lose heart in will try another day to have the profits. That is confidence for me. It's not about you're confident to make a lot of money. But more like your fighting spirits and you're not a give kind of person.
  5. The price of bitcoin is already in the rise move, so I think you missed the time to buy bitcoin is a lower price, which is a few hours ago. Now it's already increased more than $100
  6. I didn't invest all of my money on crypto. I think only around half of my money that I invested on crypto, it's not that much but I need to have another source of income other than crypto. Because I can't always have profits with my trading.
  7. I've been into trading world for a few years already, but I still don't have the guts to try margin trading. Because the risk is very high, but the result is very good too. So, I'm just gonna do a normal trading.
  8. If it's me I will choose my stop loss point around 1-3% below my target point. Everyone might be different. But choosing your stop loss point could help you most of the time to avoid making a huge loses
  9. Every altcoins in the market with a good volume are a good ones to trade. But make sure they wahe a good volume, to avoid the slow paced of the price.
  10. Depends on the price. Bitcoin is very expensive so not everyone can afford to buy them in a decent amount. But because altcoins are much cheaper than bitcoin, people likes to trade altcoins to have profits. Both are profitable if your strategy is correct
  11. What do you mean by that? Using top loss is a must thing to do if you're a good trader. Stop loss could save you a lot of possible loses in the future. If you're afraid that you might have some loses, stop loss is the right thing for you to use. Especially for day trader.
  12. That is one shady exchange. Just from the name only, which I have never heard of before, the thing that comes to my mind is to not use this website at all cost. There are other good website than that one.
  13. The most mistakes newbies usually made is trusting some false news from unknown sources. They will buy the news, and the result mostly they're losing their money because of that news.
  14. I usually will wait for the price to have correction or the price to slow down a bit after the rises. Because it's quite risky to follow the uptrend when all of the prices are already high.
  15. Only God knows whether bitcoin will die or not. Or, only time will tell. I hope it will never die, but who am I to make that assumption? I just hope that it will have a long time to go before it dies.
  16. The first time I started trading which was a few years ago, I used only about $15 to buy a very cheap coins. I didn't brave enough to use a lot of money at that time, because I was still a newbie trader.
  17. Trading signals is very risky because we don't know if the signals is legit or the creator of the signals knows how to make a good research. So, brace yourself if something were to go wrong by following them.
  18. Well, everything needs to be learned. Even trading, you need to learn them from zero until you grow to become a good trader. We called that progress.
  19. But is this professional traders is trusted? Because I haven't heard any ideas about this thing before, So if you really want to do this, that the other person should be very trusted.
  20. That is a good method to cut out losses. I think I will give it a try later. There's also a stop-loss feature, if you want to use them. Do use them, because that feature is very helpful
  21. IT's never safe if you put too much money on trading platforms. Because there were a lot of hacked problems have happened in the trading platforms. And by storing a lot of money in exchange, you risks your assets on them is they're hacked or something bad happened to exchange..
  22. But, aren't big investment also means bigger risk of loses? It's not that telling you to not make a big investment. But big investment means that you're prepared for the worst. You may or may not have profits. And you may also or may not have loses.
  23. One needs to improve their trading skills by learning and never give up. Even if newbies always make mistakes, they need to overcome their problem on their own. You want to become success, then you need to overcome all obstacles in front of you.
  24. Much appreciate the tips you gave to us. I hope it'll help to become a better trader the next time I try to trade. I will keep learning. This forum is really something, full of tips and information. Glad I joined here.
  25. I think I will buy more coins if bitcoin prices is having another dump. Because it means bitcoin dominance is weaker and it makes altcoins dominance more stronger, so it 's a good time to buy. Well, that's my strategy. It may not work on you.
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