Advice needed! Buying, trading, and selling on exchanges - page 3.

OBAViJEST

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Activity: 714

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Quote from: Mayuyu48 on April 28, 2015, 09:11:33 PM

If you want to buy low sell high method, try to learn about trading analysis. Speculation section is good place to learn.
but watch out there are so many trolls there

My advice is set target of price that you want to sell your coin
if current price reach the target, just sell it. This is safe way for trading altcoin.
And set target for losses too, if your coin value decreased more than 30%, for example. just sell it without wait more loss
but be careful with greedy behavior, it will ruin your strategy

Thanks, I saw the options for 'stop-limits' but was not 100% sure how to implement their use. Appreciate your help Grin

Mayuyu48

hero member

Activity: 644

Merit: 500

If you want to buy low sell high method, try to learn about trading analysis. Speculation section is good place to learn.
but watch out there are so many trolls there

My advice is set target of price that you want to sell your coin
if current price reach the target, just sell it. This is safe way for trading altcoin.
And set target for losses too, if your coin value decreased more than 30%, for example. just sell it without wait more loss
but be careful with greedy behavior, it will ruin your strategy

OBAViJEST

hero member

Activity: 714

Merit: 500

SirLolicon

sr. member

Activity: 322

Merit: 250

Sound Engineer for Hire

Buy Low Sell High.

To know what's low and high you have to determine it yourself.
It's all about how you predict the market. if you think it's gonna be a strong day
then you can probably buy a below the 24 hr average in bulk and sell a bit lower than the highest ask.

That's what I used to do, got 30$ out of 12$ worth of alt coin back when NXT was inflating

CoinFriend

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Activity: 266

Merit: 250

support.

Quote from: Vod on April 28, 2015, 08:18:14 PM

Quote from: OBAViJEST on April 28, 2015, 07:24:14 PM

I still failed at obtaining any useful info - buy low, sell high...but how do I know what low/high is?

The people that could answer that would be on a beach somewhere sipping daiquiris.

You have to learn how to read the ups and downs. If it was easy to make money everyone would be rich.

Do you believe it is more easy to say what is a high and a low price if someone is on a beach?
Right money making is not easy. And generating a profit from changing pices is a continual process and not a short time thing that you do one time and after it you can go to the beach.
And like i said before, you learn to read the up and downs if you work with them. It's learning by doing.

Quote from: notlist3d on April 28, 2015, 08:02:26 PM

I don't think there is a easy answer sadly. Trading is a beast of it's own. Some are pump/dump, other have long term futures.

The ones that have a good idea and making good money, don't tend to share the knowledge as it would cut into their profit. Just like trading bots, sure they are out there but a good configuration is treated like gold.

And trading bots are also a topic for itself. You can work with them if you understand what you do. Before you are not able set a good configuration.
And sure the best information will nobody share. But the basics are good to share. Because the market needs trader. If you trade you will see it this way.

Vod

legendary

Activity: 3668

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Licking my boob since 1970

Quote from: OBAViJEST on April 28, 2015, 07:24:14 PM

I still failed at obtaining any useful info - buy low, sell high...but how do I know what low/high is?

The people that could answer that would be on a beach somewhere sipping daiquiris.

You have to learn how to read the ups and downs. If it was easy to make money everyone would be rich.

CoinFriend

sr. member

Activity: 266

Merit: 250

support.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: OBAViJEST on April 28, 2015, 07:24:14 PM

I still failed at obtaining any useful info - buy low, sell high...but how do I know what low/high is? How should I be properly reading each coin's chart? Should I be looking at their /all graphs, or judge when to buy/sell by the hour/day/week/month/year? What's the importance of market cap vs price vs available supply vs volume, and how should I assess these factors when deciding whether or not to invest in an alt?

I don't think there is a easy answer sadly. Trading is a beast of it's own. Some are pump/dump, other have long term futures.

The ones that have a good idea and making good money, don't tend to share the knowledge as it would cut into their profit. Just like trading bots, sure they are out there but a good configuration is treated like gold.

OBAViJEST

hero member

Activity: 714

Merit: 500

I know I'm already breaking a couple of the trading world's cardinal rules here, so please bear with me Grin

Here's my current situation:

1.) Amassed $60 worth of BTC
2.) Withdrew $50 into cold storage, kept $10/0.044BTC to play around and/or learn with (ie. lose, so as to not get my hopes up )
3.) Transferred my BTC to Poloniex, and figured I'd try learning the basics of exchanges/trading

I've spread my bits around into various coins. Because I have no idea what I'm doing - and at the same time putting all my trust in you guys Shocked

, I'll tell you what coins I've vested in. My wealth is spread as such:

Code:

[ARCH] ARCHcoin 10.69400404 

[BTC] Bitcoin 0.00664344 

[DOGE] Dogecoin 2603.47826087 

[HUGE] BIGcoin 14520.12404124 

[NMC] Namecoin 7.27706705 

[NXT] NXT 222.94797859 

[PPC] Peercoin 1.24685423 

[SYS] Syscoin 538.00539083 

[XMG] Magi 121.26715731

I've tried reading what various popular trading threads exist, yet usually leave the threads with as little knowledge as I had entered with (and sometimes embarrassed in myself, leaving threads like pumping dicks slathered in the self-praising semen from others getting off in such circle-jerks).

I still failed at obtaining any useful info - buy low, sell high...but how do I know what low/high is? How should I be properly reading each coin's chart? Should I be looking at their /all graphs, or judge when to buy/sell by the hour/day/week/month/year? What's the importance of market cap vs price vs available supply vs volume, and how should I assess these factors when deciding whether or not to invest in an alt?

I realize this is a lot to be asking, but it's just so difficult to find the answers I'm looking for, without ending up in wikipedia pages for fiat currencies, or "THE ANSWERS ALL HERE, LINE PUMPY'S POCKETS FOR THE MEANING OF LIFE, I'M SO RICH I'LL PROVE IT WITH TUMBLR GIFs"-esqe garbage!

I highly appreciate any and all help, and will happily reward any descriptive advice with some changetip Kiss

Cheers!

Topic: Advice needed! Buying, trading, and selling on exchanges - page 3. (Read 3228 times)