02-06-2023, 02:46 PM
Trading guides for noobs. small advices not to go broke.
<!-- SC_OFF --><div class="md"><p>considering my experience in trading (losing) I wanted to share some advice; at least to warn beginners not to fall in the trap and lose tons of money… These advices works for stock and crypto… and in general for whatever have a chart.</p> <ul> <li>if you are emotional don’t start trading. You must have bot-like mind. If you trade with emotions you are screwed</li> <li>study the chart and follow the figures. Charts work because bots and other traders work with patterns </li> <li>don’t entry/exit according to emotions. Set entry and exit according to charts levels (support and resistances)</li> <li>never double down when you trade with margin… the hope that your position will recover doesn’t mean will happen. For this stupid reason I lost 1k last Friday </li> <li>don’t go against the trend. Is almost impossible to catch a trend reversal unless if clear charts patterns will show up</li> <li>set the money you want to invest and be comfortable losing. </li> <li>don’t fall in gambling. It means the willing to recover losses just raising stakes… more likely you lose</li> <li>don’t go all in based on hope</li> <li>fuck the hope. That shit made me lose thousands </li> </ul> <p>But best advice I can give is: don’t trade. Don’t trade with margin. Invest in long positions and be patient.</p> <p>Don’t be me. Don’t lose 20k trading like an idiot</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Elleucas"> /u/Elleucas </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10v013d/trading_guides_for_noobs_small_advices_not_to_go/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10v013d/trading_guides_for_noobs_small_advices_not_to_go/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>considering my experience in trading (losing) I wanted to share some advice; at least to warn beginners not to fall in the trap and lose tons of money… These advices works for stock and crypto… and in general for whatever have a chart.</p> <ul> <li>if you are emotional don’t start trading. You must have bot-like mind. If you trade with emotions you are screwed</li> <li>study the chart and follow the figures. Charts work because bots and other traders work with patterns </li> <li>don’t entry/exit according to emotions. Set entry and exit according to charts levels (support and resistances)</li> <li>never double down when you trade with margin… the hope that your position will recover doesn’t mean will happen. For this stupid reason I lost 1k last Friday </li> <li>don’t go against the trend. Is almost impossible to catch a trend reversal unless if clear charts patterns will show up</li> <li>set the money you want to invest and be comfortable losing. </li> <li>don’t fall in gambling. It means the willing to recover losses just raising stakes… more likely you lose</li> <li>don’t go all in based on hope</li> <li>fuck the hope. That shit made me lose thousands </li> </ul> <p>But best advice I can give is: don’t trade. Don’t trade with margin. Invest in long positions and be patient.</p> <p>Don’t be me. Don’t lose 20k trading like an idiot</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Elleucas"> /u/Elleucas </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10v013d/trading_guides_for_noobs_small_advices_not_to_go/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10v013d/trading_guides_for_noobs_small_advices_not_to_go/">[comments]</a></span>