Buy low or sell high. What is better?

sartorpc

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Quote from: Mickeyb on November 10, 2015, 05:19:35 PM

The very best thing you can do is to leave your coins in cold storage and that you quit trading altogether. When you account for all the risk, all the nerves lost and all the coins you are probably going to lose, even if you make some profits, in the end this just ain't worth a trouble. At least that's my conclusion about trading.

Since I quit trading I am a much happier man!

I think you are right, the time needed for being succesfull is very high, almost like a fulltime job or even more.

boliu

sr. member

Activity: 267

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6th BTC reached. Thank you for your support

easy said then done.

for me, it's always buy high, sell low. Buy low, sell lower Sad

Denker

legendary

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Best method is to buy and hold!
That's all you need to do.
If you can control your greed, fear and of course the temptation to make a quick buck you will do fine in the long run.

bitmarket.net

sr. member

Activity: 323

Merit: 250

What's high and what's low, anyway ?

It's all relative and depends on what is your timescale - last year's low might be this year's high.

paradoxum

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Stagger your buys - need to go it all in one shot.

Nameless Coin

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Quote from: elyas772 on November 19, 2015, 07:15:49 PM

This is better for me
- Buy low
- if price down again, buy again,
- sell the 2nd buy at profit 40-50%
- Sell the 1st buy at profit 10-20%
don't waiting highest rate, better get small profit with continuous

Exactly my strategy. Never wait for first profit because it is risky. Taking your small profits and doing this continously is preferred and adviced.

PAKYU

sr. member

Activity: 400

Merit: 250

Quote from: zeaderza on November 21, 2015, 04:12:19 PM

I like to buy low and sell high and have patience.

that is not enough. there is a time to force you buy and sell in wrong position, sell low and buy high. what would you do?

zeaderza

hero member

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I like to buy low and sell high and have patience.

XinXan

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Quote from: arunka71 on November 21, 2015, 12:54:13 PM

Quote from: Epicnicity on November 19, 2015, 05:45:27 AM

I'd buy at the daily minimum

because then I would be able to sell at the highest rate and make profits of off the buying price

Could you give me the code/algorithm/ to determine if the current price is the daily minimum? It seems you got some great concept, and I'm interested to implement it! Thanks in advance!

Well look at the price for the past week, bitcoin has been swinging between 310-330 everyday and you can benefit from it easily but there will be a day where bitcoin either goes way higher or gets dumped like 50-100$ and you might just lose all your previous profit

arunka71

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Activity: 410

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Quote from: Epicnicity on November 19, 2015, 05:45:27 AM

I'd buy at the daily minimum

because then I would be able to sell at the highest rate and make profits of off the buying price

Could you give me the code/algorithm/ to determine if the current price is the daily minimum? It seems you got some great concept, and I'm interested to implement it! Thanks in advance!

yoona

sr. member

Activity: 493

Merit: 250

Live by your own rules

Buy in the botton and sell in the top is trading basic. So nothing to say about it. The only you need is learn how to always do it.

raaajlucky

hero member

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Merit: 500

Quote from: Linuld on November 20, 2015, 12:47:24 AM

Quote from: ronaldo40 on November 19, 2015, 09:28:59 PM

Quote from: elyas772 on November 19, 2015, 07:15:49 PM

This is better for me
- Buy low
- if price down again, buy again,
- sell the 2nd buy at profit 40-50%
- Sell the 1st buy at profit 10-20%
don't waiting highest rate, better get small profit with continuous

either way, I always to do this, when I was stuck when the price goes down, then I will be backup to buy again

That's why instead of buying coins at one time one should buy coins in small quantities regularly so you will get best average price because no one can predict which is high price and low price. For this purpose do not ever take loan for trading because some times you may need to wait for long time to get profits so if your trading with loaned money then you may end up paying more interest than profits

It is a good advice to reduce risks. I also usually buy very small quantities when ever I think prices are reasonably came down.

Linuld

sr. member

Activity: 473

Merit: 250

Quote from: ronaldo40 on November 19, 2015, 09:28:59 PM

Quote from: elyas772 on November 19, 2015, 07:15:49 PM

This is better for me
- Buy low
- if price down again, buy again,
- sell the 2nd buy at profit 40-50%
- Sell the 1st buy at profit 10-20%
don't waiting highest rate, better get small profit with continuous

either way, I always to do this, when I was stuck when the price goes down, then I will be backup to buy again

That's why instead of buying coins at one time one should buy coins in small quantities regularly so you will get best average price because no one can predict which is high price and low price. For this purpose do not ever take loan for trading because some times you may need to wait for long time to get profits so if your trading with loaned money then you may end up paying more interest than profits

ronaldo40

legendary

Activity: 1554

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Quote from: elyas772 on November 19, 2015, 07:15:49 PM

This is better for me
- Buy low
- if price down again, buy again,
- sell the 2nd buy at profit 40-50%
- Sell the 1st buy at profit 10-20%
don't waiting highest rate, better get small profit with continuous

either way, I always to do this, when I was stuck when the price goes down, then I will be backup to buy again

elyas772

hero member

Activity: 756

Merit: 502

This is better for me
- Buy low
- if price down again, buy again,
- sell the 2nd buy at profit 40-50%
- Sell the 1st buy at profit 10-20%
don't waiting highest rate, better get small profit with continuous

shanerc563

sr. member

Activity: 322

Merit: 250

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I am just making sure I understand; my decision is based on that the genie can only grant me one of the two choices and I can do act anytime I want in the mean time.
If this is correct on how I understand the question:

I would sell high. The reason I would do this is because I could spend all day buying all I can and then at the end, just sell at the high. i would be sure to pay attention to the market and make sure the stock I am going after is going down. If it was not, I would just not buy.

mouneshwar123

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Large scale, green crypto mining ICO

Buy low and sell high is not that easy to accomplish. It isn't true that prices go up in a single day. You won't be able to make profit in a single day. The Formula is Buy Low - Hold it until prices go high - Sell High.

Epicnicity

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I'd buy at the daily minimum

because then I would be able to sell at the highest rate and make profits of off the buying price

trinaldao

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Post your ann & bounty just contact me

Quote from: TheButterZone on November 17, 2015, 09:20:04 PM

Buy high, sell low, since BTC is tanking more than rallying.

i agree with you

buy HIgh sell low buy again at lowest rate then hld it and wait the highest rate and sell it

Iceborn

sr. member

Activity: 266

Merit: 250

I would buy at the minimum

Because then I would have the option to sell whenever at whatever price

That's how you can make profits

Topic: Buy low or sell high. What is better? (Read 5653 times)