Are you all in when trading? - page 28.

kit-kat

newbie

Activity: 7

Merit: 0

Quote from: A.Delaney on January 15, 2018, 04:06:11 PM

I trade off the order book and depth chart on gdax. I bought when I did because I saw the wall on the depth chart and was confident the price was going to upswing when it hit the wall. There were more buy orders than sell orders at that second. I stuck with my strategy however It didn't work that time. I'm not worried about losing money. I never sell below the price I bought in at. I just wait for it to come back up. Then place my sell order within a few dollars of the wall so I get the execution right before it hits and changes direction.

Yeah, because each exchange only trades on its own liquidity, correct? As opposed to stocks/currencies where the liquidity pool is spread out amongst brokers/banks, so the order book you see is not going to show you the orders on other exchanges they trade with (e.g., you might think its going to break up at .0476 but on another exchange that uses the same liquidity pool there might be the opposite happening)?

I'm quite slow with coins/ICOs - no real day trading from me, just checking back regularly and spread over 5-10 coins.

A.Delaney

member

Activity: 266

Merit: 13

I trade off the order book and depth chart on gdax. I bought when I did because I saw the wall on the depth chart and was confident the price was going to upswing when it hit the wall. There were more buy orders than sell orders at that second. I stuck with my strategy however It didn't work that time. I'm not worried about losing money. I never sell below the price I bought in at. I just wait for it to come back up. Then place my sell order within a few dollars of the wall so I get the execution right before it hits and changes direction.

bennie4

member

Activity: 224

Merit: 21

Quote from: A.Delaney on January 15, 2018, 02:35:17 PM

This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait. Sad

I spend 60% on buying good cryptocurrency and HOLD
20% on ICOs
and the remaining 20% in the trade

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: A.Delaney on January 15, 2018, 02:35:17 PM

This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait. Sad

It's fine to do All-In as long you really know what you are doing. I have done several All-In's in the past on which most of them are successful in the long run.

But remember that doing All-In's requires number one recipes to become success and that is "patience". Since most of the altcoins are much volatile compare to bitcoin wherein winning or losing might happened even in a matter of seconds, it does needs proper analyzation and patience for triggering your action.

Since you mentioned that you hate waiting then it's better not to play with the coins that is prone to manipulation for the moment until you don't understand what you are really doing. But you know, your experienced loss will be your good foundation in making good decision on your future trades. Hope that you learned your lesson.

hitrawal91

full member

Activity: 462

Merit: 101

BitcoinSN - The Real Bitcoin!!!

Yes this is what happens with each and every trader they just lose patience, they invest everything in a single trade, they don't plan their trades, they get emotional often on all of their trades and all these things end up with a big capital loss with every trader who don't find up solution for their problems.
So i will request you to plan your trades and trade your plan and don't be emotional after the trade has been placed from your side, once the trade has been placed either you get your calculated and expected profit or you exit at preplanned stop loss.

eminemcookie

full member

Activity: 364

Merit: 123

Quote from: A.Delaney on January 15, 2018, 02:35:17 PM

This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait. Sad

It's not generally good practice to be so and as I've grown my money to use trading then I am less so but still it can be upwards of 50% in one coin at any given time. Initially when I was under 1 btc is was all in one coin but I was knowingly taking a riskier approach to try and speed up the process.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: A.Delaney on January 15, 2018, 02:35:17 PM

This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait. Sad

This is the consequence on going all in when you are already pending on your actions since you dont have anything left on your pocket to spend on into another positions or even make use of back up plans. Going all in isnt a good idea most of the time but well its your money after all you do have the full control on making decisions that you would made but on wise side dont go all in its very risky and the same time we cant assure anytime with our actions.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: A.Delaney on January 15, 2018, 02:35:17 PM

This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait. Sad

Mate you need to have patience in trading. And don't be too emotional as well because it might cause you to lose instead of gaining. I agree that when you go all in it will produce you a massive gains. I already did that so many times in the past. But now, If I think I have to sell, i only dump a few. Just what you seen today, I also experienced that as well. So sometimes it's never a good thing to dump everything.

Sorry to tell but yes, being greedy doesn't do any good at the end. Just wait and be patience and you will have your chance to get back into the picture again. Goodluck.

A.Delaney

member

Activity: 266

Merit: 13

This would produce the most gains , but if you predict wrong you could be stuck waiting for the price to either come back up or down to get back in. I did this the other day. I sold and bought back in at what I had predicted was going to be the next upswing. However some last second sellers swooped in and dropped the price below my limit. Then it just continued to fall from there. Now I sit and wait for the price to come back up to my purchase price so I can get back at it. I hate waiting. I get antsy. I should have left some money in reserve so I could have at least bought in at the bottom. I got greedy. Now I wait. Sad

Topic: Are you all in when trading? - page 28. (Read 1891 times)