Buy low and sell high is very tough - page 26.

nydiacaskey01

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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?

Reason why the "buying low and selling high" strategy is hard for some is because their target is very high. When they say High, that doesn't mean aim for a 25% profit right away. A 3% profit is ok already, that's high enough for you to earn in a day. It's better to earn 3% on a daily basis than aim for 25% profit but it will take you a month or more. 3% per day is 90% in a month, that's something to keep in mind.

adam1230

legendary

Activity: 1218

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Its the tradings rule 1. Not only for bitcoin. You can adopt it to whole your life.
Buy dips and sell highs this is how trade done. You need to have really good patience for sure.
FOMO is the biggest problem here.

rakib123

member

Activity: 350

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Buy low and sell high rate is a very tough. Everytime is not possible to buy low price and sell high price. We are buy low and sell for a some profit.

reality18

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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?

Yeah, i get your point, especially when it is done on a daily basis - what the experts call "day-trading". Day-trading is much difficult especially when done manually. It can get you glued to your PC for the whole day since it requires attentive studying of the market as the price dips and surges.
Anyway, if it is done on a long term hold, then it is quite easier as you can buy the dips and give yourself a long term goal for which you know there will surely be an increase in price by then.

Babyfaceless

full member

Activity: 322

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I always follow that principle when trading but indeed with the current bearish market situation, its hard to implement that. The crypto market has become so unpredictable that you really have to give full attention to your assets.

wishman93

newbie

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To do this, you really need to be very experienced and cold blooded. There are too many bot operations and it's hard to do it manually.

wishman93

newbie

Activity: 210

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Because cryptocurrency business are business of wise and strategic people, and those weak and poor ability are comes to losses on this business.

Msile

hero member

Activity: 658

Merit: 503

Buy low and sell high is very tough for traders and those who are impatient. But those who can hodl and are investing for the long term don't have to worry about this strategy as crypto markets recover fast. Most of the new people entering crypto markets are here for getting rich quick and dont have the patience to wait.

[ProTrader]

sr. member

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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 difficult to determine which price is high and low if you have no idea in reading charts. Specially if you are not monitoring the price of the movement of the coin in the market. You need to be updated on the news and you have to watch closely the price if you want to determine the high and low of a specific coin.

BlakeMye

newbie

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It is tough but not impossible, you just need to hole for some time.

MisterLangley

member

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I agree if you buy a low price and sell it for a high price. In fact everyone agrees with this. Because everyone's goal is to make the best possible profit. Buying at low prices and selling at high prices, I think is not that difficult. Because such things have been experienced by some people and need the right moment to get it. For example in the condition of ETH prices that decreased some time ago.

airdropcoin

member

Activity: 442

Merit: 10

Yes, this is a test of judgment. No one knows how much it is, nor does anyone know when it is high. Big capitalists may need to be cautious. Maybe it's just not greedy. Correctly control assets. Maybe luck also needs a little bit.

deepweblinks

newbie

Activity: 4

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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?

You are right, but it possible if you are longtime trader or have money freedom, make sure when you are planning to buy any crypto then save some fiat for extra.. if market again goes down then buy some crypto... if again market goes down then again invest some small fiat in crypto.. when you feel market on high then make profit.

I apply this strategy more than 3 times and always got success and gain good amount profit.

anjir

member

Activity: 147

Merit: 10

If it was easy, everyone would be rich. I say it is very difficult especially now because now the price of Bitcoin and altcoin is in recovery and so you have to wait until the price of Bitcoin or Altcoin is stable so you can get a good profit, and now the market is still up and down and now is the right time to hold Bitcoin or Altcoin that we have.

sanjeevgogi

newbie

Activity: 56

Merit: 0

But identifying high and low is the key

trixxie

newbie

Activity: 64

Merit: 0

Ya its really very tough, thus it really requires a lot of patience. But its the only way to get a profit. Actually not only in cryptocurrency but also in other investment platform

Che454010

sr. member

Activity: 854

Merit: 253

in fact, it is not so difficult, it just takes a lot of time - you need to monitor the price of coins for months and decide for yourself where the lowest and highest price

vendy86

full member

Activity: 490

Merit: 106

Yes I agree with you that very tough to predict when the price hit bottom and when the price will at high condition.
My strategy is always following bitcoin price since all coin depend on bitcoin price and so many prediction about bitcoin out there.
Find bitcoin support and resistance level is the best way to predict buy and sell price.because when bitcoin up all coin will be follow it.

Quidat

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

Definitely a very hard thing to do even it just sounds too basic, Why? Because of very volatile and unpredictable market.Therefor, as a trader we should really need to seek out and learn our own trading ways yet there are lots of indicators and analysis that can really be used as a tool to have a good trade. This kind of way is basic but would really need to be supplemented with other things to be effective.

Plixs

full member

Activity: 297

Merit: 102

Buying low and sell high should be what you should follow and you will never burn your hands. Many has lose money and their hard earned money by misunderstanding investment in crypto market and trading.

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