TRADING TIPS:
Max out your trading limit if funds allows. Your bank isn't going to pay you for the money you let them hold for you. If you're at the $2,500.00 limit, dig deep and do your best to trade that amount.
Add the top 60 (minimum) to top 100 coins for market cap in the particular exchange your using. The top 40 or so coins are pretty much always the top 40, so you're trading coins with the most market cap and most likely to be trading. Doing this means you won't have to monitor or edit your coins, but maybe 1-2 times per month. When you have this number of coins in your buy box, you will see a drastic change to your numbers. If you're trading with the default 15 coins, you're missing out big time.
If you're trading 2.0 BTC or less, you really only need 1-2 bots. Too many bots requires too much work.
Set your stop loss to 12% or higher. If you're the cautious type, set it at 18% or higher.
Never let your bot's max out. Best to set the trade limit of the bot to at least two times what's actually being traded, unless you specifically want that bot to only trade a certain amount. This will allow new profits of 0.01 to be used again. Anytime CWE finds 0.01 in your wallet and if you're not maxed out on your trade limit, that 0.01 will get used on a new trade.
Coins that reach -30% for example could really hurt you from buying new coins if you're limited on funds and only have a few trades going. A -30%+ coin could take some time to recover, so it might be best to manually sell off that purchase, free up the BTC and let the trader create more trades.
Never add coins that are in the 24 hour high column. Many of those coins have spiked and you may generate a purchase when that coin is at it's highest. Once that coin recovers and goes back down, you will most often end up with a significant loss. Always go by overall volume or market cap.
Hope this helps some of you.
Hope for profit
A negative fud is so powerfull that can destroy all strategies and predictions. Althought if market is stable than these tips are very usefull.
I like one formula buy in red and sell in green .
From past experiences I have noticed that market goes up from July to December end every year so its right time to fill up our pockets with top coins as they are in dip and we are going to see a boost soon
Everyone have there own startegy of trading, but one thing should be in common if you want to be a good trader is that " never panic"
selling with some 15% -30% profit is always a safe option.
Good stuff shared :)
Stop loss is the main thing here don’t forget to use stop loss else you would get in trouble
Dont be greedyman every time get profit and skip coin
Dont love with coin
I think from August market will recover but one thing don't be greedy in this market.my strategy for trading is booking profit never mine it's 20 or 30% .small profit is better than nothing.
hope for the best after august ...
with a higher profit there comes higher risk also.so invest as per ur capability
Can I know how to use bots for trading? I have never used it. Please explain.
I am actually waiting for the bull run.
Your post is good, But perhaps it's not a good time to trade tough.
Thanks for sharing
These are thing which must be accepted by our brain. but our greedy mind never accept these tips and tricks.