Buy low and sell high is very tough - page 23.

PavelMed

full member

Activity: 560

Merit: 106

Quote from: changemabika on May 10, 2018, 04:40:34 AM

When you ask someone for advise they always say buy low and sell high but this is very tough.

What is your strategy for buying low and selling high?

Do you agree with buy low and sell high is very tough?

It's not very difficult . Here's my advice-divide the Bank into several parts, for example 5-10 parts . Keep your Bank in USD and buy a token on the drawdown of bitcoin by 1/10 from the Bank, in case of further drawdown, buy more . Always keep in stock a part of the funds for the purchase at a favorable price . Follow the bitcoin rate, if the rate went down fix the profit in USD ( if you have it ) , if you do not have time to make a profit just wait and buy more . Never be greedy, a 5% profit is always better than nothing . Choose a maximum of 10 altcoins, so it will be easier for you to follow them . Good luck.

azzag0000

jr. member

Activity: 238

Merit: 1

I agree with you, it's really hard to buy low and sell high, you would think that the price is very cheap, but when you have bought some coins, suddenly the price moves down more. we must have internal conflicts within ourselves because when price increases we can not control our appetite to sell coins before reaching higher prices.

leslie4u

full member

Activity: 868

Merit: 100

Yes, it true that almost everyone keeps saying buy low and sell high. The challenge most trader face is that they buy due to FOMO and then the next thing he knows is that the coin value drops by two folds. Also, it is difficult to follow the ticks unless you are a day trading and spent a lot of time looking at graphs.

I normally buy when its low and then buy a bit more when it falls further to average out.

camelson

copper member

Activity: 1386

Merit: 1000

Quote from: opeakande on June 01, 2018, 12:25:58 AM

It's not at all tough. It's even the easiest, but that's if you carefully and patiently study the price trend very well. If not, you fall into the trap of panic sales or panic buy.

I don't think it is that much easy, You can follow the trend and predict that the currency will go to its lowest but you are not very much about this prediction. And if you buy the dip then you have to wait for very long to gain good amount of profit.

Sandeepmanwall

newbie

Activity: 196

Merit: 0

It really is not easy to do the buy low and sell high thing because the thing is after you buy low, you usually have to wait for a long time before the price of the coin will go up again, especially if you are waiting for a bull market which can take years at a time to come around.

vebby

member

Activity: 294

Merit: 10

of course I agree with the phrase buy low and sell high. Because this strategy too that I apply in my trading. and a lot of advantages if applying this strategy. What is clear, the risk for loss is getting smaller. And should also have a sense of patience.

Sandeepmanwall

newbie

Activity: 196

Merit: 0

I think that the market is always up and down & you never know when market takes u turn . so you can not have the exact idea when it is low to buy and when it is high to sell. instead you should be satisfy that you are earning profit.

Kryten12

member

Activity: 448

Merit: 15

TREEBLOCK

I don't think that it is that difficult to do especially if you pay attention to the dips in the market and use them as opportunities to buy in. I do think it is nearly impossible to time the absolute bottom and absolute top of each phase however, and that you should content yourself with trying to make gains of over 10% to around 30% each time. Whilst they may seem small in crypto terms of you look at the financial market outside of crypto those gains would be extremely impressive.

hihitao41

newbie

Activity: 22

Merit: 0

I do not agree with low buy and sell, even professional traders are hard to buy low and sell high, not to mention in the volatile market. I think there are many whale that can control prices in this market. They may be big conglomerates or exchanges. In short, if you go to low frequent transactions, you will easily lose money.

Gypat

newbie

Activity: 112

Merit: 0

That is what you will keep hearing because that is the way to make good profits but it has to come with some patience. Ensure you invest in counselling that have the potential to rise so that you wouldn't wait in vain

rahul7timt

copper member

Activity: 322

Merit: 0

i think it is very tough to satisfy your self. most of the times, whenever you sell prices goes up and when you buy prices goes more down. so you think that you made a wrong decision. however in my point if you are selling in profit than it should be ok. A
it is always up and down in market & you never know when market takes u turn . so you can not have the exact idea when it is low to buy and when it is high to sell. instead you should be satisfy that you are earning profit.

kabzon_btw

member

Activity: 476

Merit: 10

Quote from: opeakande on June 01, 2018, 12:25:58 AM

It's not at all tough. It's even the easiest, but that's if you carefully and patiently study the price trend very well. If not, you fall into the trap of panic sales or panic buy.

It is not tough, I can say that it iz not the most difficult thing in my life, but it is jot easy as well, I am sure about it.

kabzon_btw

member

Activity: 476

Merit: 10

Quote from: Razick on June 01, 2018, 05:13:47 AM

It really is not easy to do the buy low and sell high thing because the thing is after you buy low, you usually have to wait for a long time before the price of the coin will go up again, especially if you are waiting for a bull market which can take years at a time to come around. This is why a lot of people just prefer to trade because they are seeing profits in a short time

You need to monitore publics and market which takes a lot of time as well as looking for a proper coin or cryptocurrencty to buy

kabzon_btw

member

Activity: 476

Merit: 10

Quote from: haihakco000 on June 01, 2018, 09:55:25 AM

To be honest ,there is nothing difficult to buy cheaper and sell more expensive.Head not to buy on the peaks or in simple words not to buy reset.And don't sell on the fall.Courses, Castro chart repeat last year and you can navigate

I think it is really hard to resist the panic that all people share when the market is down and when everybody is afraid and can not think properly

masterrex

full member

Activity: 1820

Merit: 107

Quote from: changemabika on May 10, 2018, 04:40:34 AM

When you ask someone for advise they always say buy low and sell high but this is very tough.

What is your strategy for buying low and selling high?

Do you agree with buy low and sell high is very tough?

In this present market condition its very tough to buy low and sell high unless you buy as you can in this dip! and hodl tell 4th quarter of this year! Im sure that selling high dream will turn into reality Unless your playing safe!

kabzon_btw

member

Activity: 476

Merit: 10

Quote from: changemabika on May 10, 2018, 04:40:34 AM

When you ask someone for advise they always say buy low and sell high but this is very tough.

What is your strategy for buying low and selling high?

Do you agree with buy low and sell high is very tough?

It is tough, but I think that it is worth spending time on such things. After some time you will gain kind of experience that will surely help you

haihakco000

newbie

Activity: 4

Merit: 0

To be honest ,there is nothing difficult to buy cheaper and sell more expensive.Head not to buy on the peaks or in simple words not to buy reset.And don't sell on the fall.Courses, Castro chart repeat last year and you can navigate

Razick

legendary

Activity: 1330

Merit: 1003

It really is not easy to do the buy low and sell high thing because the thing is after you buy low, you usually have to wait for a long time before the price of the coin will go up again, especially if you are waiting for a bull market which can take years at a time to come around. This is why a lot of people just prefer to trade because they are seeing profits in a short time

opeakande

newbie

Activity: 140

Merit: 0

It's not at all tough. It's even the easiest, but that's if you carefully and patiently study the price trend very well. If not, you fall into the trap of panic sales or panic buy.

FaucetKING

sr. member

Activity: 1246

Merit: 306

First, i totally agree and like that method of trading .. sometimes its being called pumping and dumping.. but the essential part is buying low selling high.
Second, i made some profits doing that and its really good but not likely to happen each time you invest.. all you need is research and Luck.

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