How the fuck do you make money

How the fuck do you make money with this shit? What are tips and tricks? What do you need to know to become a "smart trader"?

General 'how to be better' thread

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buy stuff that people need

serious answer. Have a plan for every trade you enter. You're not buying or selling, you're trading an asset for an asset. You trade dollars for ethereum because you think ethereum will appreciate vs. the dollar in the timeframe you're working with.

Have a checklist for every trade. Why am I buying this? Why do I think this specific asset is a good investment? If your only answer is that Veeky Forums or Twitter told you so, you're probably making a bad trade. What is my timeframe for this trade? What are my sell targets? At what point will I cut my losses? Exit strategies are at least as important as planning your entrance, yet most newbie traders just FOMO buy whatever caught their attention and dream of 10x while holding bags 24hrs later.

Time in the market is more important than timing the market. Unless you really, really know what you're doing, and have money to burn, don't try to make money trading. There's a reason HODL is a meme. Buy red candles and sell green ones. In terms of a specific purchase, this is a moot point if you listen to rule #1 which is have a plan. If you're swing trading to try to increase your investment on something that you expect to appreciate long term, you're really just gambling your money. If technical analysis was reliable there would be a lot more millionaire traders and a lot fewer wojacks on this board.

Most importantly, do your own research. Whenever someone "shares" information with you, ask yourself why they would be doing that. Hint: it usually isn't out of the kindness of their hearts. That principle goes both ways. Lots of people have a lot to gain by convincing people that X asset is worth more or less than the going price. The market is the ultimate barometer, you're usually not going to get a significant edge. Ask yourself what someone's agenda may be if they're painting a portrait of a particular asset.

Again with the DYOR - crypto and blockchain is going to change the world. Educate yourself, it's worth it.

Find coin with news
Look at chart
Set buy order 10-15% lower than current price.

It's extremely easy to make money in the crypto bubble. I think it's entering the middle and I'd watch out after 2018 but during 2018 do these steps.

Get all the money you can spare.
Put 1/3 ETH, 1/3 XMR, 1/3 BTC. Wait a year. There you go probably have 10 times your initial investment.

Wow you're a good dude, probably the wisest and useful advice I've seen anytime someone asks how to get started. Appreciate it

Good post

Or, just buy POWR every dip from now to 2020 and never work again.

follow the milk & honey.