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Topic: BUY high sell low ? - page 29. (Read 22580 times)

hero member
Activity: 1134
Merit: 517
July 08, 2017, 02:43:37 AM
The biggest problem is trying to figure out what is "high" and what is "low" for any given coin. Bitcoin sure seems "high" right now (compared with a few months ago), but compared with $100k, then $2.5k is quite low.
Ultimately no price level can be said to be the peak or bottom value, because the market is constantly responding to the forces of demand and supply and every level is only in the passing. That informs a need to always see whatever current price level for what it is and tag along. The market simply has a mind of its own, best bet is to follow it wherever it goes! Standing in front or thinking instead for it, is a main reason good number of traders often end up buying high and selling low.
hero member
Activity: 546
Merit: 500
July 07, 2017, 03:46:34 PM
The biggest problem is trying to figure out what is "high" and what is "low" for any given coin. Bitcoin sure seems "high" right now (compared with a few months ago), but compared with $100k, then $2.5k is quite low.
sr. member
Activity: 672
Merit: 250
July 07, 2017, 08:47:31 AM
or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform

I bet for a buy low sell high. Other users of bitcoin are waiting to fell down its price. The want to buy bitcoin when its value gets low. Maybe they choose it because someday the price of bitcoin will increase again. If I bought bitcoin, I will choose to save it to my web wallet because I know that the bitcoin price was fluctuating. Now that the bitcoin has a high value, what do you think? Do you still buy at a low price? Or would be sold at a high price. Just think about it.
In trading there a thing called the basic or the prior knowledge about it. Before someone get into bitcoin one should have the time to educate themselves for a better start on trading. And the first thing traders need to know is to buy when it's low and sell when it's high. Because the main purpose of trading is to earn and for someone to earn they need to have a income in regards to the changes of price in the market. Monitoring the price is the key for a proper trading for traders to have an interest on every transactions.
sr. member
Activity: 779
Merit: 255
July 07, 2017, 08:08:07 AM
If you want to know the fastest way to lose your money, then that's the way to do it  Grin
full member
Activity: 443
Merit: 110
July 07, 2017, 07:55:39 AM
,those traders might as well doesn't have any self analysis and mostly they are just basing with the news and other peoples opinion. It occured to be panic selling and doesn't even think they might lose money and in the end they will just keep whining and complaining how they lose and blame other people for giving them false alarm or wrong news.
member
Activity: 84
Merit: 10
July 07, 2017, 02:31:38 AM
Well, I guess buying at high prices and selling at low prices is common to traders. Although disadvantageous, it requires quick action to sell. You should be aware of such a thing if you do not want to lose a lot of money.

Why would people buy high and sell low? That would make you lose money and likely all of your money will be gone in minutes.

Not even sure why people want to go for this topic, I don't think it is good advise nor good strategy.

If you bothered to read the original post its not his advice, its a statement of fact that most noob traders do this. OP's advice is to put orders ahead of time to avoid emotions taking over.
full member
Activity: 140
Merit: 100
July 07, 2017, 02:26:16 AM
Buying high and selling low is simply emotions. Greed and euphoria when buying stock/coin whatever when its already up xxx%. And if you bought high and the stock/coin started declining there is a high probability that you sell it at a lowerest price due to pain/fear. But I agree if you do this stuff frequently don't call you a trader. Buying breakouts is an exception but its a different story. 
hero member
Activity: 896
Merit: 514
July 06, 2017, 12:56:57 PM
Well, I guess buying at high prices and selling at low prices is common to traders. Although disadvantageous, it requires quick action to sell. You should be aware of such a thing if you do not want to lose a lot of money.

Why would people buy high and sell low? That would make you lose money and likely all of your money will be gone in minutes.

Not even sure why people want to go for this topic, I don't think it is good advise nor good strategy.
sr. member
Activity: 2016
Merit: 456
July 06, 2017, 11:35:36 AM
Well, I guess buying at high prices and selling at low prices is common to traders. Although disadvantageous, it requires quick action to sell. You should be aware of such a thing if you do not want to lose a lot of money.
sr. member
Activity: 329
Merit: 254
July 06, 2017, 11:06:06 AM
Grin my experience is buy then set high sell price then quit and wait 1-3 month
Absolutely right mate. If you become impatient then trading sector definitely not for you. Trading all about depending on your sharpness and choose the right time that's why you will set the goal. And the right time.
trading need a lot of patient and time, some time you will wait for weeks even for months for the price increase, if you cannot wait for that time then defiantly trading is not for you. you should find a job from where you will get a fixed salary .
sr. member
Activity: 1330
Merit: 291
July 06, 2017, 09:54:06 AM
Buy high and sell low is a pathetic situation for those who are not good in trading crypto currency or have no basic idea of what trading is all about. Most of the people who are victims of this kind of panic sell have no knowledge of the technical and fundamental analysis in trading crypto currency and as such sell low while they bought high.
hero member
Activity: 686
Merit: 500
July 06, 2017, 03:21:30 AM
or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform
In order to control this,you have to stop blindly following the market.You should not think that an altcoin's price rises and so every one is buying and so i am also going to buy.Avoid decisions taking like that.Do your own research and find the best coin to be invested.If you follow this,then you could easily buy at low and sell at high price.
hero member
Activity: 826
Merit: 502
July 02, 2017, 06:09:41 PM
Some of newbies,noob doing this.
because someone told him. and do not analyse what coins is good ,

Yes ,this happens on the hype stage of a coin newbies enter and the market dumps. Lack of knowledge will let this things happens and often losing more than earning. More and more newbies were doing it for those who always ask what coin is good to invest without knowing if it is a good investment or not.
Because they want go to short ways and take a huge profit with short time, but they don't know when do that they can died in market anytime because not have knowledge and experience for stop-loss or out the market when have issue, just foods for whale and sharks
That's true. Lacking of knowledge in trading cause small time traders to get benefit by whales. However, this is part of learning and should be more careful in trading so loss can be prevented.

I agree with you indeed in trading activities be it forex trading or trading coin will require learning and meticulous in observing and analyzing the price in the market, this course can minimize the risk of loss in trading.
I will also add that if a person do not know and is unable to predict the market then he have to hire someone so that he/she train that person well at least in a single currency so that he will start his trade without any risk.
sr. member
Activity: 246
Merit: 250
July 02, 2017, 05:47:14 PM
Okay, with my experience before I buy/sell I will research that altcoin with the index on the exchange to grasp its wavelengths. After the full required elements at that time I will make the decision
What are the full elements you will be looking before investing. From my perspective i would look at the charts and then plan on entering any coin,but with new coins it is really hard to know any substantial evidence on how the price will be moving rather than looking at the crowd fund price.
hero member
Activity: 1134
Merit: 517
July 02, 2017, 03:34:17 PM
Okay, with my experience before I buy/sell I will research that altcoin with the index on the exchange to grasp its wavelengths. After the full required elements at that time I will make the decision
That's intriguing! What's wavelength got to do with reaching a trading decision? If that is not an error, I would like to be enlightened on how that works out for you! As for me, I find the Bollinger Bands in combination with RSI and/or Stochastic ideal for spotting overbought and oversold conditions in the market both for short and long term trades, though they seem  to offer better signals for long term market signals!
full member
Activity: 266
Merit: 114
July 02, 2017, 11:29:30 AM
Okay, with my experience before I buy/sell I will research that altcoin with the index on the exchange to grasp its wavelengths. After the full required elements at that time I will make the decision
sr. member
Activity: 476
Merit: 250
July 02, 2017, 10:20:31 AM
Grin my experience is buy then set high sell price then quit and wait 1-3 month
Absolutely right mate. If you become impatient then trading sector definitely not for you. Trading all about depending on your sharpness and choose the right time that's why you will set the goal. And the right time.
hero member
Activity: 2996
Merit: 609
July 02, 2017, 10:15:16 AM
Some of newbies,noob doing this.
because someone told him. and do not analyse what coins is good ,

Yes ,this happens on the hype stage of a coin newbies enter and the market dumps. Lack of knowledge will let this things happens and often losing more than earning. More and more newbies were doing it for those who always ask what coin is good to invest without knowing if it is a good investment or not.
Because they want go to short ways and take a huge profit with short time, but they don't know when do that they can died in market anytime because not have knowledge and experience for stop-loss or out the market when have issue, just foods for whale and sharks
That's true. Lacking of knowledge in trading cause small time traders to get benefit by whales. However, this is part of learning and should be more careful in trading so loss can be prevented.

I agree with you indeed in trading activities be it forex trading or trading coin will require learning and meticulous in observing and analyzing the price in the market, this course can minimize the risk of loss in trading.

Well the most common enemy for newbies that are making this mistake would be anxiety and panic. Of course when these come in, if it's the firsr time you've experienced that situation, you'd sell at a price lower than your entry point thinking of saving a portion of your investments, not realizing that it would be better to wait a bit longer  than do that.
All traders do experience this kind of mistake once we are just still a newbie wayback before. As a noob trader the feeling of panic cant really be avoided since we do really value our money and we are afraid to lose our money and thats why when we saw its going negative the first thing comes to our mind is to cut lose because of the fear that we might lose it all if we didnt do such act.
newbie
Activity: 1
Merit: 0
July 02, 2017, 10:04:59 AM
 Grin my experience is buy then set high sell price then quit and wait 1-3 month
hero member
Activity: 1246
Merit: 529
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July 02, 2017, 05:11:54 AM
Some of newbies,noob doing this.
because someone told him. and do not analyse what coins is good ,

Yes ,this happens on the hype stage of a coin newbies enter and the market dumps. Lack of knowledge will let this things happens and often losing more than earning. More and more newbies were doing it for those who always ask what coin is good to invest without knowing if it is a good investment or not.
Because they want go to short ways and take a huge profit with short time, but they don't know when do that they can died in market anytime because not have knowledge and experience for stop-loss or out the market when have issue, just foods for whale and sharks
That's true. Lacking of knowledge in trading cause small time traders to get benefit by whales. However, this is part of learning and should be more careful in trading so loss can be prevented.

I agree with you indeed in trading activities be it forex trading or trading coin will require learning and meticulous in observing and analyzing the price in the market, this course can minimize the risk of loss in trading.

Well the most common enemy for newbies that are making this mistake would be anxiety and panic. Of course when these come in, if it's the firsr time you've experienced that situation, you'd sell at a price lower than your entry point thinking of saving a portion of your investments, not realizing that it would be better to wait a bit longer  than do that.
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