A book to read on when to sell (before a crash)

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Quote from: Fredomago on June 16, 2021, 02:23:31 PM

Quote from: slaman29 on June 16, 2021, 12:20:04 PM

Quote from: Twinkledoe on June 15, 2021, 09:13:35 AM

This is very true. You can read all the books and watch videos, but when it comes to actual trading, the situation is very different. In some way, all those tips, knowledge will help you in strategizing how to optimize your potential profits. But the more experienced you are in this market, the better. As you have seen a lot of types of coins, you will know how to pinpoint promising projects or potential scams. It is not an overnight task but the longer you are here, the more tips and tricks you will learn.

Like I said, nothing prepares for you the real thing. Emotions take over when you actually see your money going down, when margin calls start happening, stop losses triggering all over the place. And platforms show you RED and that even just tells your mind to enter into panic mode.

And pinpointing potential scams? No:) All of them are potential scams:)

Exactly! emotions kills you when everything start to fall a part and your great expectations turns against you,
most of the time it triggers panic inside you if you keep looking with your portfolios.
Even you have all the preparations, experiencing the live events change it up, not unless you also have extended
patience that controls everything.

And regards to pinpointing, it's also true that impressions leads you to call out scams even it's just a regular cycles / correction that happening along the way.

This is why its always important on not to expect on everything because even though it turns out that it would be already a profit but since this market could turn upside down unexpectedly then those kind of hopes and expectations would surely vanish and would be replaced by anxiety and anger when you had missed out the opportunity on making money and this is why you should always come prepared on what circumstances might the market could give you. There are several books that might be helpful but nothing beats out when you do really have the actual experience and skills and those theories are just good as text.

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Quote from: Fivestar4everMVP on June 18, 2021, 11:42:42 AM

Sincerely, I doubt if such a book exist or will ever exist, and this is because the crypto market is highly dynamic, a book written today can not possibly still be relevant for the market in a year or even less, alot of books has been written on Forex trading and alot of people read it but still make losses when they trade.

Good point. with high volatility there's no book that will give accurate guidelines when you enter this venue of investment, you have to continue working

with your knowledge if you wanted to really acquire more skills and give yourself good edge when participating in any trading assets inside this crypto market.

Quote

A book can possibly teach you how to analyze the market, do fundamental and technical analysis of the market to determine for yourself whether the market is going to buy or sell in the next couple of hours or days or even months, but according to the Op's question, no book can specifically tell you when to buy or sell in the market as all market are not the same, and different buy and sell strategies apply to this different markets.

It won't give you that direct calls, or any proven data that will lead you to keep getting winning trades, keep in mind that it's a never ending changes that you'll going to encounter so the skills you need should have a flexible system to continue surviving from this field.

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Sincerely, I doubt if such a book exist or will ever exist, and this is because the crypto market is highly dynamic, a book written today can not possibly still be relevant for the market in a year or even less, alot of books has been written on Forex trading and alot of people read it but still make losses when they trade.
A book can possibly teach you how to analyze the market, do fundamental and technical analysis of the market to determine for yourself whether the market is going to buy or sell in the next couple of hours or days or even months, but according to the Op's question, no book can specifically tell you when to buy or sell in the market as all market are not the same, and different buy and sell strategies apply to this different markets.

slaman29

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Quote from: Fredomago on June 16, 2021, 02:23:31 PM

And regards to pinpointing, it's also true that impressions leads you to call out scams even it's just a regular cycles / correction that happening along the way.

For me, it's not about the market cycles. If I don't see them building, and just spending on marketing and market moves, then it's a scam. In fact, if they can't raise money and don't develop, also a scam. A real project develops regardless of funding. Most great projects have part time devs and then only after a big product can they extend and hire full time staff.

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Quote from: slaman29 on June 16, 2021, 12:20:04 PM

Quote from: Twinkledoe on June 15, 2021, 09:13:35 AM

This is very true. You can read all the books and watch videos, but when it comes to actual trading, the situation is very different. In some way, all those tips, knowledge will help you in strategizing how to optimize your potential profits. But the more experienced you are in this market, the better. As you have seen a lot of types of coins, you will know how to pinpoint promising projects or potential scams. It is not an overnight task but the longer you are here, the more tips and tricks you will learn.

Like I said, nothing prepares for you the real thing. Emotions take over when you actually see your money going down, when margin calls start happening, stop losses triggering all over the place. And platforms show you RED and that even just tells your mind to enter into panic mode.

And pinpointing potential scams? No:) All of them are potential scams:)

Exactly! emotions kills you when everything start to fall a part and your great expectations turns against you,
most of the time it triggers panic inside you if you keep looking with your portfolios.
Even you have all the preparations, experiencing the live events change it up, not unless you also have extended
patience that controls everything.

And regards to pinpointing, it's also true that impressions leads you to call out scams even it's just a regular cycles / correction that happening along the way.

slaman29

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Quote from: Twinkledoe on June 15, 2021, 09:13:35 AM

This is very true. You can read all the books and watch videos, but when it comes to actual trading, the situation is very different. In some way, all those tips, knowledge will help you in strategizing how to optimize your potential profits. But the more experienced you are in this market, the better. As you have seen a lot of types of coins, you will know how to pinpoint promising projects or potential scams. It is not an overnight task but the longer you are here, the more tips and tricks you will learn.

Like I said, nothing prepares for you the real thing. Emotions take over when you actually see your money going down, when margin calls start happening, stop losses triggering all over the place. And platforms show you RED and that even just tells your mind to enter into panic mode.

And pinpointing potential scams? No:) All of them are potential scams:)

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Quote from: PaperWallet on March 06, 2021, 07:28:38 PM

Hi,
I am not willing to trade on a daily basis, but I know for example about the 2017 crash.
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.

Thank you!

Certainly, none! There's no book that points anyone in that direction to know exactly when to sell. However, some do tell of certain signs to watch out for before a collapse. Some of these signs are also based on instinct. Every discerning adult has that instinct. Ruefully, not many pay attention to it though. For instance, I'm bullish on Bitcoin in 2021 until the last quarters of the year before I can begin to get skeptical. My reason is simply based on the fact that this is a post Bitcoin halving year. Every post halving year for Bitcoin has produced a tremendous rally. So, I don't expect anything different this year. It's the same way there will be that bearish year to follow too. So, I'm guessing the second quarters of 2022 will become red for the market. This is history, and history has a way of repeating itself.

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Quote from: Xinarae* on June 15, 2021, 10:58:19 AM

After the book does not always understand the exact signals of the market besides reading books you have to analyze the market using your knowledge and skills it is easy to understand the updated information of the market and the signals of the trading signals by doing the market analysis yourself. Many times after the book these are not understood in addition to acquiring basic ideas from books you need to learn the techniques of the market by using your own intellect.

Most of them are obsolete already but it gives some learning as some of the old trading techniques still exist. But, we can't just rely on reading those books if we need to catch the new update and gambling upgrade as we are mostly engaged in online gambling the more we need to enhance our knowledge and the only it helps is to engage more on actual trading.

But if we are talking books to read that helps us to predict the market when it crashes, that absolutely has nothing to find. It gonna be our own analysis.

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Quote from: Twinkledoe on June 15, 2021, 09:13:35 AM

Quote from: slaman29 on June 15, 2021, 08:51:51 AM

Quote from: Fredomago on June 14, 2021, 11:36:33 AM

A lots of market movement which is very hard to predict the right directions, I agree that books and videos can offer basis but it's not a sure deal that it will point you to right path in every trade that you'll going to take,

There are influence coming from different sides of this market, whales are still have a good hands controlling, though there are now good numbers of end users and investors which really a good news for this growing market.

Keep working with your knowledge and skills, enhance and adjust from time to time while you are still working inside this industry.

But that was kind of my whole point. Read the books and watch the videos. Gives you the basic skills and fundamentals. To use platforms, to use stop loss. Capital management and protection. Even maybe software that helps charting etc.

But nothing and absolutely nothing gives you a good preparation for how ACTUAL TRADING looks and works on crypto. That is something every guy's got to experience for himself.

This is very true. You can read all the books and watch videos, but when it comes to actual trading, the situation is very different. In some way, all those tips, knowledge will help you in strategizing how to optimize your potential profits. But the more experienced you are in this market, the better. As you have seen a lot of types of coins, you will know how to pinpoint promising projects or potential scams. It is not an overnight task but the longer you are here, the more tips and tricks you will learn.

practice without theory as if we do not know what to do. indeed theory can be the basis for practicing real trading. and with this practice we become aware of the market's reaction when we use tips from a book. and over time of course we will understand how to treat the market in certain conditions

Xinarae*

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After the book does not always understand the exact signals of the market besides reading books you have to analyze the market using your knowledge and skills it is easy to understand the updated information of the market and the signals of the trading signals by doing the market analysis yourself. Many times after the book these are not understood in addition to acquiring basic ideas from books you need to learn the techniques of the market by using your own intellect.

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Quote from: slaman29 on June 15, 2021, 08:51:51 AM

Quote from: Fredomago on June 14, 2021, 11:36:33 AM

A lots of market movement which is very hard to predict the right directions, I agree that books and videos can offer basis but it's not a sure deal that it will point you to right path in every trade that you'll going to take,

There are influence coming from different sides of this market, whales are still have a good hands controlling, though there are now good numbers of end users and investors which really a good news for this growing market.

Keep working with your knowledge and skills, enhance and adjust from time to time while you are still working inside this industry.

But that was kind of my whole point. Read the books and watch the videos. Gives you the basic skills and fundamentals. To use platforms, to use stop loss. Capital management and protection. Even maybe software that helps charting etc.

But nothing and absolutely nothing gives you a good preparation for how ACTUAL TRADING looks and works on crypto. That is something every guy's got to experience for himself.

This is very true. You can read all the books and watch videos, but when it comes to actual trading, the situation is very different. In some way, all those tips, knowledge will help you in strategizing how to optimize your potential profits. But the more experienced you are in this market, the better. As you have seen a lot of types of coins, you will know how to pinpoint promising projects or potential scams. It is not an overnight task but the longer you are here, the more tips and tricks you will learn.

slaman29

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Quote from: Fredomago on June 14, 2021, 11:36:33 AM

A lots of market movement which is very hard to predict the right directions, I agree that books and videos can offer basis but it's not a sure deal that it will point you to right path in every trade that you'll going to take,

There are influence coming from different sides of this market, whales are still have a good hands controlling, though there are now good numbers of end users and investors which really a good news for this growing market.

Keep working with your knowledge and skills, enhance and adjust from time to time while you are still working inside this industry.

But that was kind of my whole point. Read the books and watch the videos. Gives you the basic skills and fundamentals. To use platforms, to use stop loss. Capital management and protection. Even maybe software that helps charting etc.

But nothing and absolutely nothing gives you a good preparation for how ACTUAL TRADING looks and works on crypto. That is something every guy's got to experience for himself.

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Quote from: slaman29 on June 14, 2021, 10:44:59 AM

Quote from: dimonstration on June 13, 2021, 11:14:07 PM

There are tons of books that we can use but it will all depend on the knowledge that we have sometimes what we learn from the books is different on what the economic situation is. It will all tends to depend on our experiences. Taking profit is good and buy backing at lower price can work also. I have learn to take advantage of profits using it into other business or investment than stocking it for long in holding. I will just buy back whenever possible.

Books teach you theory. And they'll teach you charting methods and terminology, and what to watch out for.

But no book on crypto is good enough I think when the market is so new (ten years?). There can't be any experts and everything in crypto changes SO much and SO fast. No one is good enough to keep updated in the world of crypto.

A lots of market movement which is very hard to predict the right directions, I agree that books and videos can offer basis but it's not a sure deal that it will point you to right path in every trade that you'll going to take,

There are influence coming from different sides of this market, whales are still have a good hands controlling, though there are now good numbers of end users and investors which really a good news for this growing market.

Keep working with your knowledge and skills, enhance and adjust from time to time while you are still working inside this industry.

slaman29

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Quote from: dimonstration on June 13, 2021, 11:14:07 PM

There are tons of books that we can use but it will all depend on the knowledge that we have sometimes what we learn from the books is different on what the economic situation is. It will all tends to depend on our experiences. Taking profit is good and buy backing at lower price can work also. I have learn to take advantage of profits using it into other business or investment than stocking it for long in holding. I will just buy back whenever possible.

Books teach you theory. And they'll teach you charting methods and terminology, and what to watch out for.

But no book on crypto is good enough I think when the market is so new (ten years?). There can't be any experts and everything in crypto changes SO much and SO fast. No one is good enough to keep updated in the world of crypto.

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Quote from: dimonstration on June 13, 2021, 11:14:07 PM

Quote from: semobo on June 12, 2021, 12:21:29 PM

No matter what book we read the answer we are going to get is similar to what we know, just sell them when you are in profits and don't be too greedy and wait for the peak to reach. It actually the way though because no one can find when it is going to crash, some people say just after a big jump on the price just go and sell it but on many occasions after a big jump there will be a small correction and then the price will jump in no time.

There are tons of books that we can use but it will all depend on the knowledge that we have sometimes what we learn from the books is different on what the economic situation is. It will all tends to depend on our experiences. Taking profit is good and buy backing at lower price can work also. I have learn to take advantage of profits using it into other business or investment than stocking it for long in holding. I will just buy back whenever possible.

there is nothing wrong with us learning with books. but trading experience is needed to increase flight hours. one day of course we can use the theory in the book in real trading, and we will understand better the comparison between theory and reality

Understanding the theory about trading is fundamental things need to learn before trading. But having those is not enough, yes, it needs experience as this was a tool for a trader to succeed.
Nevertheless, reading books is part of the learning process, most traders before are doing that but seem to have a huge change this time as we are in the internet era. More traders are already relying on online tutorials and less reading books( or not at all). In fact, I can deny myself that I don't read books.

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Quote from: semobo on June 12, 2021, 12:21:29 PM

No matter what book we read the answer we are going to get is similar to what we know, just sell them when you are in profits and don't be too greedy and wait for the peak to reach. It actually the way though because no one can find when it is going to crash, some people say just after a big jump on the price just go and sell it but on many occasions after a big jump there will be a small correction and then the price will jump in no time.

There are tons of books that we can use but it will all depend on the knowledge that we have sometimes what we learn from the books is different on what the economic situation is. It will all tends to depend on our experiences. Taking profit is good and buy backing at lower price can work also. I have learn to take advantage of profits using it into other business or investment than stocking it for long in holding. I will just buy back whenever possible.

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Quote from: Lordhermes on June 12, 2021, 04:41:51 PM

I can say that the specific time to sell is unknown and that the market moves in a way you weren't expecting, the most important thing about the crypto market is taking out your profit when the need arises.

Thats true, I think we are the one who can tell on when is the perfect time for us to sell. Know what is your goal and what is the set price you're trying to achieve, if you have plan to follow it would be much easy because you dont need to worry for minor correction or the current situation of the market.

However even we are aiming for a high price before selling, its a must to take profit and enjoy some of our earnings. Being greedy is one of the problem why some of us missed the chance to sell because we thought the price will consistently increase.

Nevertheless imo there's no need for books to know when to sell, a knowledge on how crypto works with a participation of common sense will lead us to know the answer for this basic question.

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Quote from: PaperWallet on June 12, 2021, 05:26:50 AM

Quote from: LUCKMCFLY on April 03, 2021, 03:41:56 PM

Quote from: PaperWallet on March 06, 2021, 07:28:38 PM

Hi,
I am not willing to trade on a daily basis, but I know for example about the 2017 crash.
Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.

Thank you!

I sincerely recommend that you study Wyckoff's theory, there they explain well about each stage of the market trend, it is always fulfilled, all Richard Wyckoff's books are excellent, and Jesse Livermore's books, I have them but in the version of Spanish, if you need them, I will gladly pass them on to you.

Unlike Wyckoff, Livermore became a millionaire 5 times and 5 times went bankrupt, in the end he died because he committed suicide, but he left all his experiences in how he handled each stage of the market, how he won and when he sold.

Man this post showed to be of great value but too late for me... I didn't sell. It just went unnoticed and I haven't been following this thread 2 or 3 weeks after my original post... But still, I see that Glen Goodman has warned his followers on twitter but missed that... I follow Benjamin Cowen on Youtube but he didn't say anything about that either.

I agree there is no 100% certainty about timing the market, but still, a person with large knowledge, good instincts can still do things right without being accurate.

I´m very happy that it has served you, but do not worry, the market always gives new opportunities, also the important thing is to be patient, sometimes it is good to be out of the market for some time until you are clear about what to do.

Jesse Livermore also disconnected from the world and went on vacations when he did not have market clarity, he did not see news before doing his analysis because in a way he interfered in his analysis. His books are very good, and although for many Livermore was not a great example, his teachings are of the master level as is Richard Wyckoff.

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Quote from: PaperWallet on March 06, 2021, 07:28:38 PM

Is there a reputable book, written by a reputable author, on how to know when to sell? It's like if a crypto goes 50x in one year there is a chance at some point that there will be a crash. I need to know APPROXIMATELY when I should sell.

I have come across so many books but I haven't seen the one that told about when to sell, all described the meaning of trading and explanation of trading tools, mathematical calculations about profits and loss, and other ones to mention. From my past experience, I can say that the specific time to sell is unknown and that the market moves in a way you weren't expecting, the most important thing about the crypto market is taking out your profit when the need arises.

semobo

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No matter what book we read the answer we are going to get is similar to what we know, just sell them when you are in profits and don't be too greedy and wait for the peak to reach. It actually the way though because no one can find when it is going to crash, some people say just after a big jump on the price just go and sell it but on many occasions after a big jump there will be a small correction and then the price will jump in no time.

Topic: A book to read on when to sell (before a crash) (Read 761 times)