Please note that Pure Investments, nor any other groups I participate in or actively contribute to, are not pump-and-dump groups, they are legitimate communities of cryptocurrency enthusiasts and traders. I WOULD NEVER join or give any pump-and-dump groups the time of day, nor would I ever recommend standing within 50 meters of one unless you like the smell of your own burning flesh. The reasons why are numerous and off-topic. You can DM me on Twitter or comment below if you want more detail.
Yeah, I fell what you feel. Blame those people who used to pump and dump a coin for them to make profit from an individual traders. Also, for the devs who are scamming traders for him to succeed hunting his victim.
Robinhood is also allowing users to track the price of a number of other cryptocurrencies including Ripple and Litecoin, although the actual trading feature will only be available for Bitcoin and Ethereum.
My favorite trading book is Rule the Freakin’ Markets by Michael Parness… I don’t use any of his strategies but he really has the right attitude about trading and he grows a fairly small account into a huge account. His method involves trading a lot of blue chip stocks, earning plays and news type trades. All of that is good trading but you can expend a lot of time making very little if you don’t think in percentages.. That’s one of the biggest lessons for a new trader, or perhaps one of the reasons so many traders fail.. you have to find markets to trade where your swings are in big percentages.. 30-50% swings or even more.. it leaves a lot of room for error and still end up in a good profit.. ill make an entire new post on this subject, and a video .. this is why cryptoland is so awesome, right now, the swings are huge..
It took me 6 years of losing to learn how to trade but now it’s so easy it’s like I’m in the matrix and candlesticks are falling everywhere but I wouldnt recommend someone new try it with any significant amount of money.
Besides, a price difference is displayed all the time, helping you make fast decisions. Additional trading functionality in 1 click and auto trade will become a wonderful assistant for the inter-exchange arbitrage trade.
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.
The cryptocurrency will have to be fully trusted to see real mainstream use which is currently still not the case. On the other hand, as long as governments keep on printing money whenever they need regular currencies are not a better option just less volatile in most cases.
Don’t over trade – If you have one or two losing trades in a row, you are done for the day. Do not keep trading or you will just be chasing gains and you will lose even more. As you become much more experienced, you can push this further. But when starting out and even as an intermediate trader, if you lose 1 or 2 trades, then stop for the day, you are done.
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