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Topic: BUY high sell low ? - page 23. (Read 22565 times)

member
Activity: 61
Merit: 10
September 08, 2017, 01:06:36 PM
Sometimes buying high and selling low is the best choice you can make. Analysis of signals is all well and good, but no one can 100% reliably predict the future. I use a trading dashboard with 5 EMAs tracking the trends, as well as MACD and parabolic SAR indicators; this morning I set a limit buy for 3% below the current market price, which seemed like a safe target for the bottom of a bear run based on the trends. It turned out not to be; luckily I was around while it was happening and was able to make the judgment call to sell a further 1.5% down. In the hour since this happened, I've traded the swings and turned my 1.5% loss into a 1% profit; had I held on, I would now be down 4% pending further fluctuation. Even if the market recovers, by buying high and selling low I've managed to put myself in a better position to buy in again. Sometimes you just need to recognize that the market has taken you by surprise and cut your losses in order to retain liquidity and take advantage of further price drops. Speaking of which, in the time I was typing this it's down another .5%... it seems like it might well continue. I'll have to see, and regardless I should have the opportunity to buy in again at a lower price than my original sale.
hero member
Activity: 1316
Merit: 502
September 08, 2017, 01:05:43 PM
If you always buy when the price is high and sell when the price goes down, I'm sure you will experience continuous losses, the core of this trading is patience and do not panic.
If someone is facing this tragedy again and again then I think it will be better for him to give up on trading because definitely it is not for him. However, practically it is impossible. I suggest controlling emotions and excitement a little bit more so that right decisions can be taken.
Emotional control is necessary but I think if anyone is in this case, they should learn more trading knowledge from youtube and professional traders because their skills and experience in trading are still too low, they easily fall into the trap and buy at high prices then sell at low prices. They do not know when they sell at low prices, prices will rise again, I was also in this situation, buy high and sell low, I really feel very scared because I just rely on emotions to buy, I have no experience and knowledge, and I realized I needed to learn more, trading was not simple, it needed a lot of experience and skills.
sr. member
Activity: 462
Merit: 250
September 08, 2017, 12:57:27 PM
Have done this many times.  I usually don't sell low, but have been stuck in a few coins that I didn't really want to hold because price was rising and I thought it would go higher.  Then I hit that buy button and tank.   Angry

This do happen especially with the altcoins which are very tandem and does not have a good future. Always do research before buying any altcoins especially if they are not the top 10 coins in altcoins list. Do sell if the price is dropping quickly because it may never recover and you will end up with a huge loss in such case. So better to book some loss and buy other good coins.
What sort of research you really want the guy to do? I will suggest him stop wasting time on altcoins if he is and start investing in bitcoins. The bitcoin price is going to decrease a little more and it is better to keep an eye on fluctuating prices. The dip is gonna last a little longer so it is the right time to spend in bitcoins.
Actually, recently Bitcoin market has many fluctuation stronglier than the past. Earn profit from that fluctuation really easy, maybe easy than hard work our primary job outside everyday Tongue. Opportunity buy dips price and sell high happening every week.

There's no something wrong if you invest in bitcoin because it is so good as we all know but of course there is no bad things or wrong move too in investing to in altcoin but some of it may take a bad experience so maybe checking on that coin before investing is a must.
full member
Activity: 290
Merit: 100
September 08, 2017, 12:35:16 PM
If you always buy when the price is high and sell when the price goes down, I'm sure you will experience continuous losses, the core of this trading is patience and do not panic.
Surely you will lose money and there would be no way for you to earn anything on it, only when you stop this idiot method then you will realize that patience is the key when you bought a coin on its high price. Yes, Patience is the key since it after a dump there is mostly a pump where you will gain back what you've lost. Its better to control your emotions when trading since it's one of worst enemy of traders.
newbie
Activity: 46
Merit: 0
September 08, 2017, 12:27:09 PM
It all takes time. And most altcoins are called shitcoins because they are fundamentelly worth nothing! Just to trade and make more BTC.
If you cannot trade then better hodl.
sr. member
Activity: 854
Merit: 253
l0tt0.com
September 08, 2017, 11:56:27 AM
Have done this many times.  I usually don't sell low, but have been stuck in a few coins that I didn't really want to hold because price was rising and I thought it would go higher.  Then I hit that buy button and tank.   Angry

This do happen especially with the altcoins which are very tandem and does not have a good future. Always do research before buying any altcoins especially if they are not the top 10 coins in altcoins list. Do sell if the price is dropping quickly because it may never recover and you will end up with a huge loss in such case. So better to book some loss and buy other good coins.
What sort of research you really want the guy to do? I will suggest him stop wasting time on altcoins if he is and start investing in bitcoins. The bitcoin price is going to decrease a little more and it is better to keep an eye on fluctuating prices. The dip is gonna last a little longer so it is the right time to spend in bitcoins.
Actually, recently Bitcoin market has many fluctuation stronglier than the past. Earn profit from that fluctuation really easy, maybe easy than hard work our primary job outside everyday Tongue. Opportunity buy dips price and sell high happening every week.
full member
Activity: 458
Merit: 112
September 08, 2017, 11:25:49 AM
you are offending me !! Smiley lol
i did this by mistake on my first day i do know the buy low sell high but i did replace a wrong order that why i got the mistake ..
and i feel sorry bout that i lost 50bucks in just an hour Smiley but i did get it back 2 days after of watching the graph of bitcoin and searching for the nice coin to invest with ... ADX is my worst experince though komoddo and verge is the best proofit i had !!
sr. member
Activity: 555
Merit: 252
September 08, 2017, 08:21:30 AM
If you always buy when the price is high and sell when the price goes down, I'm sure you will experience continuous losses, the core of this trading is patience and do not panic.
If someone is facing this tragedy again and again then I think it will be better for him to give up on trading because definitely it is not for him. However, practically it is impossible. I suggest controlling emotions and excitement a little bit more so that right decisions can be taken.
member
Activity: 98
Merit: 10
September 08, 2017, 07:55:52 AM
in my opinion (im not an expert) but i think that even by just holding in a future you will be able to have a lot of profit. sometimes is not so easy to 'buy low and sell high' Tongue
It is not that difficult also. If someone is not very greedy then he can tell that the prices have reached the highest peak for the present pump phase. Those people who were expecting more when BTC was 4800 dollars were overdoing their greed. Some sell at that time because they were contended with the prices.
hero member
Activity: 1974
Merit: 586
Free Crypto Faucet in Trustdice
September 06, 2017, 11:23:30 AM
If you always buy when the price is high and sell when the price goes down, I'm sure you will experience continuous losses, the core of this trading is patience and do not panic.
full member
Activity: 196
Merit: 102
September 06, 2017, 07:40:49 AM
In principle, if it is profitable for you to buy at any price, but usually buy at a reduced price. And if you have at least some experience in the trade and you want to become a real expert in this field, then to overcome the losses it is necessary to wait for a fall and panic will not prevail.
full member
Activity: 126
Merit: 100
September 06, 2017, 07:32:10 AM
If you mean we need to cut loss our coins I think its normally, sometimes we make a late buying of some coins so when we have them in our wallet the coins go down again and make us must to hold them for a long time to
legendary
Activity: 1176
Merit: 1024
September 06, 2017, 07:12:05 AM
Have done this many times.  I usually don't sell low, but have been stuck in a few coins that I didn't really want to hold because price was rising and I thought it would go higher.  Then I hit that buy button and tank.   Angry

This do happen especially with the altcoins which are very tandem and does not have a good future. Always do research before buying any altcoins especially if they are not the top 10 coins in altcoins list. Do sell if the price is dropping quickly because it may never recover and you will end up with a huge loss in such case. So better to book some loss and buy other good coins.
What sort of research you really want the guy to do? I will suggest him stop wasting time on altcoins if he is and start investing in bitcoins. The bitcoin price is going to decrease a little more and it is better to keep an eye on fluctuating prices. The dip is gonna last a little longer so it is the right time to spend in bitcoins.
full member
Activity: 434
Merit: 103
September 05, 2017, 10:51:59 PM
How do you control this? Plan your trades. Decide on and set a certain price where you're planning on buying. Don't let your emotions take control of you.
full member
Activity: 211
Merit: 100
September 05, 2017, 05:54:01 PM
which obviously do not panic in seeing the sometimes uncertain market situation, if you want to succeed in trading a lot of learning and looking for the right formula in trading, so there is always a solution when seeing the market is not clear

my advice to prepare a cup of hot coffee beside your computer to be more rilex when trading while sipping his favorite coffee anya
good luck
sr. member
Activity: 951
Merit: 250
September 05, 2017, 04:29:15 PM
Many times i do this when i am donot understand about trading.First i am loss 0.040btc .This time I am buy some coin and its market down for a long time.And i am deside to sell low price.Then i am hate trading but now i am buy some coin in different exchange and deside to hold for a long time.So i suggest trading does not mean that you buy coin low and next you can sell high. it is totally result for  patience
yes i agree patience is a virtue.many people sell it even if it has a low price because they dont have  patience or maybe  they panic .but i  think that was a verry worst thing to do buy high and then sell low.maybe  only fool will do that. It is just like buying food to eat and then throw it after you recieve it is just like wasting time and money.
full member
Activity: 420
Merit: 100
September 05, 2017, 03:06:30 PM
in my opinion (im not an expert) but i think that even by just holding in a future you will be able to have a lot of profit. sometimes is not so easy to 'buy low and sell high' Tongue
full member
Activity: 644
Merit: 101
September 05, 2017, 02:26:13 PM
They are giving opportunities try to buy while they sell low. If this is true then grab the chance to get a higher profit. I think they're are still new or they have a hidden plan on it but still it looks like a fail move for them.
full member
Activity: 868
Merit: 151
September 05, 2017, 01:23:38 PM
Have done this many times.  I usually don't sell low, but have been stuck in a few coins that I didn't really want to hold because price was rising and I thought it would go higher.  Then I hit that buy button and tank.   Angry

This do happen especially with the altcoins which are very tandem and does not have a good future. Always do research before buying any altcoins especially if they are not the top 10 coins in altcoins list. Do sell if the price is dropping quickly because it may never recover and you will end up with a huge loss in such case. So better to book some loss and buy other good coins.

sr. member
Activity: 826
Merit: 250
Bitgesell (BGL) Decentralized Cryptocurrency!
September 05, 2017, 01:17:19 PM
Many times i do this when i am donot understand about trading.First i am loss 0.040btc .This time I am buy some coin and its market down for a long time.And i am deside to sell low price.Then i am hate trading but now i am buy some coin in different exchange and deside to hold for a long time.So i suggest trading does not mean that you buy coin low and next you can sell high. it is totally result for  patience
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