Buy low or sell high. What is better?

sartorpc

sr. member

Activity: 300

Merit: 250

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

Merit: 250

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

Activity: 1442

Merit: 1016

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

full member

Activity: 138

Merit: 100

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

Nameless Coin

sr. member

Activity: 308

Merit: 250

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

Activity: 896

Merit: 502

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

XinXan

hero member

Activity: 1064

Merit: 505

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

sr. member

Activity: 410

Merit: 257

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

Activity: 532

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

Merit: 1014

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

★777Coin.com★ Fun BTC Casino!

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

member

Activity: 84

Merit: 10

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

member

Activity: 110

Merit: 10

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

copper member

Activity: 1218

Merit: 1007

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

bitmarket.net

sr. member

Activity: 323

Merit: 250

It is said sometimes with the reference to the stock markets that the market takes the stairs on the way up and the elevator on the way down (meaning the up moves tend to be slower and taking longer then the down moves).

Looking at the bitcoin chart for the last 12 months, the same seems to be the case with bitcoin.

zidane

hero member

Activity: 938

Merit: 517

buy low, because maybe i'll use it to have fun in playing some gambling lol

TheButterZone

legendary

Activity: 3038

Merit: 1032

RIP Mommy

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

blackmachinegun

hero member

Activity: 532

Merit: 500

Quote from: maokoto on November 09, 2015, 03:20:48 PM

Buy low and sell high is the first rule of trading.

But you can buy high and sell higher, or sell low and buy lower also.

By selling highest you get the advantage of selling with a profit even when you have bought also high. By buying real low, you get the profit of not having to sell at a certain margin. You can wait till profit goes really really high.

Lets say a genie gave you the ability either to sell at the daily maximum or to buy at the daily minimum. What will you choose?

i'm a bad trader,can you recomend me a software like meta trader 4,its also avaliable for bitcoin? Grin

i think it will good for me..

LuckyYOU

sr. member

Activity: 280

Merit: 250

Selling high offcourse.

The problem with is that you never know when the ultimate top has been reached. When buying low you are sure it will go high (as long if you can be sure offcourse).

HarryKPeters

hero member

Activity: 896

Merit: 1000

Live Stars - Adult Streaming Platform

Quote from: adicted on November 17, 2015, 09:15:58 AM

Personally I prefer selling high at maximum, on that note I can earn my max profit I can get Cheesy

I dont think there will be a guaranteed profit if ever I bought low, price may crash anytime.

Buying low is not guarantee of profit, selling high is cashed in profit.. so duh Selling high. I don't even need to be at the top point,i am not that greedy, 90% is ok for me;)

adicted

hero member

Activity: 546

Merit: 500

Personally I prefer selling high at maximum, on that note I can earn my max profit I can get Cheesy

I dont think there will be a guaranteed profit if ever I bought low, price may crash anytime.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: rychallenge on November 17, 2015, 03:09:47 AM

sell high...
why would you want to buy low and still lose if it continues declining? sell high and get it over with. No risk, you come out on top

if you buy low and it is still going down, then you can buy all the way down. the price will go up eventually. that's why you must never go all in. always keep fiat ready to buy more coins with. that's how i do it.

rychallenge

full member

Activity: 154

Merit: 100

sell high...
why would you want to buy low and still lose if it continues declining? sell high and get it over with. No risk, you come out on top

PAKYU

sr. member

Activity: 400

Merit: 250

I prefer sell high. Buy everywhere. I mean buy at anyprice.

kyrios_

full member

Activity: 210

Merit: 100

ohh I see I see. I'll prefer selling high. just a personal preference to know how much I'll earn if I buy now and sell later at the high

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: kyrios_ on November 16, 2015, 09:49:58 AM

Quote from: XinXan on November 14, 2015, 04:49:51 AM

Quote from: CryptoDatabase on November 13, 2015, 06:06:38 PM

Quote from: maokoto on November 13, 2015, 05:13:09 PM

Quote from: CryptoDatabase on November 13, 2015, 03:49:54 PM

Quote from: maokoto on November 09, 2015, 03:20:48 PM

But you can buy high and sell higher, or sell low and buy lower also.

Didn't read the thread so I have no idea if this was pointed out earlier or not.

Either way you write it you are still buying for less and selling for more if you get a return on your investment so the question is really null and void.

Question did not pretend to be very trandescent. Just... if you have a superpower to choose from, Which one will you prefer?

A) To be able to always guess daily max (ability to sell high)

B) To be able to always guess daily min (ability to buy low)

Which one will you choose and why?

There have been lots of interesting responses discussing about this IMO.

.

Well, assuming that you would know that a coin would be at $100 in the morning and $200 at night then I would buy low and then sell it for higher when the price meets the daily high.

Limiting it to only one day makes it tougher as Day 2 the Daily Min might be the Daily Max for the previous day and it would be a lost opportunity.

To add a realistic example,

Coin A is at 0.00000099 and you know someone is going to crash it down that day then you would want to sell it as soon as possible and then rebuy again when it gets lower.

But you can only pick one, you cant know the low and the high at the same time. Of course if you knew both you would be a millionaire by now.

I don't think there is much difference between able to guess the high or the low.

wait so you don't sell at all or...? so if you know the low and you buy but you don't know the high so you can't sell the high?

ehm, no. You just know one, either low or high. If you know the low you can sell when the price is higher because you know what the lowest is but you can't fully profit from it because you don't know what the highest will be. In the end you will profit the same using either of the options.

CryptoDatabase

legendary

Activity: 1596

Merit: 1005

https://cryptodatabase.net

Quote from: XinXan on November 14, 2015, 04:49:51 AM

Quote from: CryptoDatabase on November 13, 2015, 06:06:38 PM

Quote from: maokoto on November 13, 2015, 05:13:09 PM

Quote from: CryptoDatabase on November 13, 2015, 03:49:54 PM

Quote from: maokoto on November 09, 2015, 03:20:48 PM

But you can buy high and sell higher, or sell low and buy lower also.

Didn't read the thread so I have no idea if this was pointed out earlier or not.

Either way you write it you are still buying for less and selling for more if you get a return on your investment so the question is really null and void.

Question did not pretend to be very trandescent. Just... if you have a superpower to choose from, Which one will you prefer?

A) To be able to always guess daily max (ability to sell high)

B) To be able to always guess daily min (ability to buy low)

Which one will you choose and why?

There have been lots of interesting responses discussing about this IMO.

.

Well, assuming that you would know that a coin would be at $100 in the morning and $200 at night then I would buy low and then sell it for higher when the price meets the daily high.

Limiting it to only one day makes it tougher as Day 2 the Daily Min might be the Daily Max for the previous day and it would be a lost opportunity.

To add a realistic example,

Coin A is at 0.00000099 and you know someone is going to crash it down that day then you would want to sell it as soon as possible and then rebuy again when it gets lower.

But you can only pick one, you cant know the low and the high at the same time. Of course if you knew both you would be a millionaire by now.

I don't think there is much difference between able to guess the high or the low.

Sorry, missed this.

If you know the daily low then you know it will be going higher. The only unknown variable is at what point will it reach the high or low.

Lets say you wake up at 10 AM and it hits you that HTML5coin is going to skyrocket up to 0.00001000 LTC per HTML5 and the price is currently at 0.00000100 then you would make the decision to go ahead and buy up as much as you can in order to sell it for higher later on.

But, it could work the other way around. The highest price may be at 10 AM and it just gets lower throughout the day which wouldn't be any good at all to know.

kyrios_

full member

Activity: 210

Merit: 100

Quote from: XinXan on November 14, 2015, 04:49:51 AM

Quote from: CryptoDatabase on November 13, 2015, 06:06:38 PM

Quote from: maokoto on November 13, 2015, 05:13:09 PM

Quote from: CryptoDatabase on November 13, 2015, 03:49:54 PM

Quote from: maokoto on November 09, 2015, 03:20:48 PM

But you can buy high and sell higher, or sell low and buy lower also.

Didn't read the thread so I have no idea if this was pointed out earlier or not.

Either way you write it you are still buying for less and selling for more if you get a return on your investment so the question is really null and void.

Question did not pretend to be very trandescent. Just... if you have a superpower to choose from, Which one will you prefer?

A) To be able to always guess daily max (ability to sell high)

B) To be able to always guess daily min (ability to buy low)

Which one will you choose and why?

There have been lots of interesting responses discussing about this IMO.

.

Well, assuming that you would know that a coin would be at $100 in the morning and $200 at night then I would buy low and then sell it for higher when the price meets the daily high.

Limiting it to only one day makes it tougher as Day 2 the Daily Min might be the Daily Max for the previous day and it would be a lost opportunity.

To add a realistic example,

Coin A is at 0.00000099 and you know someone is going to crash it down that day then you would want to sell it as soon as possible and then rebuy again when it gets lower.

But you can only pick one, you cant know the low and the high at the same time. Of course if you knew both you would be a millionaire by now.

I don't think there is much difference between able to guess the high or the low.

wait so you don't sell at all or...? so if you know the low and you buy but you don't know the high so you can't sell the high?

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: CryptoDatabase on November 13, 2015, 06:06:38 PM

Quote from: maokoto on November 13, 2015, 05:13:09 PM

Quote from: CryptoDatabase on November 13, 2015, 03:49:54 PM

Quote from: maokoto on November 09, 2015, 03:20:48 PM

But you can buy high and sell higher, or sell low and buy lower also.

Didn't read the thread so I have no idea if this was pointed out earlier or not.

Either way you write it you are still buying for less and selling for more if you get a return on your investment so the question is really null and void.

Question did not pretend to be very trandescent. Just... if you have a superpower to choose from, Which one will you prefer?

A) To be able to always guess daily max (ability to sell high)

B) To be able to always guess daily min (ability to buy low)

Which one will you choose and why?

There have been lots of interesting responses discussing about this IMO.

.

Well, assuming that you would know that a coin would be at $100 in the morning and $200 at night then I would buy low and then sell it for higher when the price meets the daily high.

Limiting it to only one day makes it tougher as Day 2 the Daily Min might be the Daily Max for the previous day and it would be a lost opportunity.

To add a realistic example,

Coin A is at 0.00000099 and you know someone is going to crash it down that day then you would want to sell it as soon as possible and then rebuy again when it gets lower.

But you can only pick one, you cant know the low and the high at the same time. Of course if you knew both you would be a millionaire by now.

I don't think there is much difference between able to guess the high or the low.

CryptoDatabase

legendary

Activity: 1596

Merit: 1005

https://cryptodatabase.net

Quote from: maokoto on November 13, 2015, 05:13:09 PM

Quote from: CryptoDatabase on November 13, 2015, 03:49:54 PM

Quote from: maokoto on November 09, 2015, 03:20:48 PM

But you can buy high and sell higher, or sell low and buy lower also.

Didn't read the thread so I have no idea if this was pointed out earlier or not.

Either way you write it you are still buying for less and selling for more if you get a return on your investment so the question is really null and void.

Question did not pretend to be very trandescent. Just... if you have a superpower to choose from, Which one will you prefer?

A) To be able to always guess daily max (ability to sell high)

B) To be able to always guess daily min (ability to buy low)

Which one will you choose and why?

There have been lots of interesting responses discussing about this IMO.

.

Well, assuming that you would know that a coin would be at $100 in the morning and $200 at night then I would buy low and then sell it for higher when the price meets the daily high.

Limiting it to only one day makes it tougher as Day 2 the Daily Min might be the Daily Max for the previous day and it would be a lost opportunity.

To add a realistic example,

Coin A is at 0.00000099 and you know someone is going to crash it down that day then you would want to sell it as soon as possible and then rebuy again when it gets lower.

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: CryptoDatabase on November 13, 2015, 03:49:54 PM

Quote from: maokoto on November 09, 2015, 03:20:48 PM

But you can buy high and sell higher, or sell low and buy lower also.

Didn't read the thread so I have no idea if this was pointed out earlier or not.

Either way you write it you are still buying for less and selling for more if you get a return on your investment so the question is really null and void.

Question did not pretend to be very trandescent. Just... if you have a superpower to choose from, Which one will you prefer?

A) To be able to always guess daily max (ability to sell high)

B) To be able to always guess daily min (ability to buy low)

Which one will you choose and why?

There have been lots of interesting responses discussing about this IMO.

.

CryptoDatabase

legendary

Activity: 1596

Merit: 1005

https://cryptodatabase.net

Quote from: maokoto on November 09, 2015, 03:20:48 PM

But you can buy high and sell higher, or sell low and buy lower also.

Didn't read the thread so I have no idea if this was pointed out earlier or not.

Either way you write it you are still buying for less and selling for more if you get a return on your investment so the question is really null and void.

defaultking

full member

Activity: 140

Merit: 100

Quote from: Mickeyb on November 12, 2015, 05:36:09 PM

Quote from: Amph on November 12, 2015, 02:25:34 AM

Quote from: defaultking on November 11, 2015, 04:32:05 PM

Since I know nothing about investing I would say I want to be able to purchase at the guaranteed low price of the day because when it comes to btc vs fiat in the long haul I'd rather have more bitcoin in my wallet then fiat in my pocket.

eh that's the problem there is no way to kown what the guaranteed low price will be, there is no guaranteed low price, otherwise everyone would be rich or everyone would end up with 0 in profit

This exactly! This is very hard to know and in the Bitcoin world I would even say impossible to know. It all comes down to pure guessing! With Bitcoin, very often everything is upside down!

If you would have read the original post I have a genie that grants me the ability to know 100% what the minimum or maximum for the day will be. I was just answering OPs question. If I could have one or the other I would choose the minimum. Of course you can't know what the minimum or maximum will be, but thanks for stating the obvoius Grin

Quote from: allyouracid on November 13, 2015, 09:43:23 AM

Quote from: Amph on November 12, 2015, 02:25:34 AM

Quote from: defaultking on November 11, 2015, 04:32:05 PM

Since I know nothing about investing I would say I want to be able to purchase at the guaranteed low price of the day because when it comes to btc vs fiat in the long haul I'd rather have more bitcoin in my wallet then fiat in my pocket.

eh that's the problem there is no way to kown what the guaranteed low price will be, there is no guaranteed low price, otherwise everyone would be rich or everyone would end up with 0 in profit

But that's what the thread is all about. It's just a thought experiment.

Ooops haha thanks for pointing it out

Fraxinus

legendary

Activity: 1274

Merit: 1000

It highly depends on the situation,you can gain good results with both methods but you have to be really careful and make quick moves.It's definitely not that easy and you will have all kinds of results.

richardsNY

legendary

Activity: 1232

Merit: 1091

I don't know/use trading methods any other than buy low and sell high. It's the best investment method for people who don't know how to use all the difficult trading options that exchanges nowadays offer. You only need a bit patience.

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: tmfp on November 11, 2015, 04:34:23 AM

The reason most traders use some sort of technical analysis is to make sense of meaningless words like "buy low" and "sell high".

After the bubble to $1200, $600 would have looked 'low' and been a bad buy. The same in the early days, $5 would have looked 'high' after trading in cents, and selling 'high' then has mentally scarred a lot of early adopters.

Tl,dr: 'Buy low, sell high' is a meaningless phrase used by people who don't know what they're doing and are almost guaranteed to lose money.

It's only meaningless in cryptos because the volatility is too high, on other things people knows more or less what the price looks like normally and the terms ''high'' and ''low'' have a meaning, anyone who says they can make profit on cryptos in the long term guaranteed is lying because it doesn't matter how good you are there is always the possibility of loosing a lot of money in a really short amount of time with bitcoins and other cryptocurrencies.

amrulshare

hero member

Activity: 1316

Merit: 546

Monday Hit Me Every week

if you ask my opinion that for a trading strategy as it is common, because if you only look at the low and high price I think profits will stop the same profite and will not get a higher profit.

allyouracid

legendary

Activity: 2320

Merit: 1292

Encrypted Money, Baby!

Quote from: Amph on November 12, 2015, 02:25:34 AM

Quote from: defaultking on November 11, 2015, 04:32:05 PM

Since I know nothing about investing I would say I want to be able to purchase at the guaranteed low price of the day because when it comes to btc vs fiat in the long haul I'd rather have more bitcoin in my wallet then fiat in my pocket.

eh that's the problem there is no way to kown what the guaranteed low price will be, there is no guaranteed low price, otherwise everyone would be rich or everyone would end up with 0 in profit

But that's what the thread is all about. It's just a thought experiment.

Battareus

hero member

Activity: 826

Merit: 501

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!

The hardest thing to leave the coins in cold storage, and do not spend them, will always be tempted to do it.

Nobitcoin

legendary

Activity: 966

Merit: 1000

In holiday we trust

If you combine the both you should make a good profit so neither is better.

FrostStick

sr. member

Activity: 361

Merit: 250

Combine them together and you'll get arbitrage. This is what you profit on.

bitmarket.net

sr. member

Activity: 323

Merit: 250

It is definitely good to be able open both long and short positions, as then you can play the market both ways.

Some people are better with going with the trend ("the trend is your friend").
Other people - the contrarians, prefer to look for the moments when the trend is changing.

Samdo

full member

Activity: 182

Merit: 100

Everyone would love to be able to buy low and sell high and repeat however market timing is very hard to do so you are better off dollar cost averaging into that mutual fund (keep fees low) to take advantage of the low periods.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: Amph on November 12, 2015, 02:25:34 AM

Quote from: defaultking on November 11, 2015, 04:32:05 PM

Since I know nothing about investing I would say I want to be able to purchase at the guaranteed low price of the day because when it comes to btc vs fiat in the long haul I'd rather have more bitcoin in my wallet then fiat in my pocket.

eh that's the problem there is no way to kown what the guaranteed low price will be, there is no guaranteed low price, otherwise everyone would be rich or everyone would end up with 0 in profit

This exactly! This is very hard to know and in the Bitcoin world I would even say impossible to know. It all comes down to pure guessing! With Bitcoin, very often everything is upside down!

HeroCat

hero member

Activity: 658

Merit: 500

If you buy at high and try to sell at highest, you will probably loose your investment

Even Forex traders with a lot of knowledge, loose each day a lot of money worldwide Wink

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: defaultking on November 11, 2015, 04:32:05 PM

Since I know nothing about investing I would say I want to be able to purchase at the guaranteed low price of the day because when it comes to btc vs fiat in the long haul I'd rather have more bitcoin in my wallet then fiat in my pocket.

eh that's the problem there is no way to kown what the guaranteed low price will be, there is no guaranteed low price, otherwise everyone would be rich or everyone would end up with 0 in profit

defaultking

full member

Activity: 140

Merit: 100

Since I know nothing about investing I would say I want to be able to purchase at the guaranteed low price of the day because when it comes to btc vs fiat in the long haul I'd rather have more bitcoin in my wallet then fiat in my pocket.

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

Quote from: maokoto on November 09, 2015, 03:20:48 PM

Buy low and sell high is the first rule of trading.

But you can buy high and sell higher, or sell low and buy lower also.

By selling highest you get the advantage of selling with a profit even when you have bought also high. By buying real low, you get the profit of not having to sell at a certain margin. You can wait till profit goes really really high.

Lets say a genie gave you the ability either to sell at the daily maximum or to buy at the daily minimum. What will you choose?

why should this be the first rule?
if you follow this rule you will certainly soon or late be a loser.

The first rule is:
buy if it goes up and sell if it goes down.

The usual beginner's error is to follow your wrong rule.
A beginner do buy when he starts...and sell when it is higher.
if it goes down...he waits and waits...

The old fox (lol) when he bought...and he sees that it goes down he is not afraid to sell (with lost) and so he can rebuy when it is lower.

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: allyouracid on November 11, 2015, 07:31:19 AM

Quote from: Cereberus on November 10, 2015, 12:22:19 AM

There is no right way to trade on cryptos. Staying up 24 hours staring at the screen will help Cheesy

But all you need is to have the right timing then your gold.

I totally disagree. Haven't done that since ages. It's a pure waste of time and you'll get mad very soon if you do that over a longer period of time. ^^

I have started planning my trades over a couple of weeks, a couple of months ago. Sold my last BTC at almost 500 (my average is lower, though) and now, I'm waiting to rebuy in the 250s. Then, wait for the next high, rinse and repeat.

I'm actually doing the exact opposite of starting at the charts all day. And it brought me way more money than any sort of day trading. Patience is key.

To stay within the topic: I'd definitely prefer to know the lowest buy price of each day, as this would enable me to sell at any time after I have bought. The other way around would probably achieve the same, but I'd feel more comfortable with the former one.

I have only about 2 weeks experience on trading, but I have to agree with you. I started not taking much care about the exchange ups and downs, just put buy orders lower than the actual price and sell orders a certain amount higher and I did profit without "staring" much.

Then I switched to enter the exchange much more frequently, watch the prices more etc.... and did profit also, but ended up with some BTC bought at a somewhat high price.

More watchfulness is not always better.

allyouracid

legendary

Activity: 2320

Merit: 1292

Encrypted Money, Baby!

Quote from: Cereberus on November 10, 2015, 12:22:19 AM

There is no right way to trade on cryptos. Staying up 24 hours staring at the screen will help Cheesy

But all you need is to have the right timing then your gold.

I totally disagree. Haven't done that since ages. It's a pure waste of time and you'll get mad very soon if you do that over a longer period of time. ^^

I have started planning my trades over a couple of weeks, a couple of months ago. Sold my last BTC at almost 500 (my average is lower, though) and now, I'm waiting to rebuy in the 250s. Then, wait for the next high, rinse and repeat.

I'm actually doing the exact opposite of starting at the charts all day. And it brought me way more money than any sort of day trading. Patience is key.

To stay within the topic: I'd definitely prefer to know the lowest buy price of each day, as this would enable me to sell at any time after I have bought. The other way around would probably achieve the same, but I'd feel more comfortable with the former one.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

The reason most traders use some sort of technical analysis is to make sense of meaningless words like "buy low" and "sell high".

After the bubble to $1200, $600 would have looked 'low' and been a bad buy. The same in the early days, $5 would have looked 'high' after trading in cents, and selling 'high' then has mentally scarred a lot of early adopters.

Tl,dr: 'Buy low, sell high' is a meaningless phrase used by people who don't know what they're doing and are almost guaranteed to lose money.

erickimani

newbie

Activity: 42

Merit: 0

buying low and selling high can always be a good option but sometimes you have to wait for a long time before selling. there is also a risk of the price not going up at all or you losing the product. I would prefer buying high and selling higher. high is associated with quality but there is also a risk of it going low. therefore to be safe just combine both

Slark

legendary

Activity: 1862

Merit: 1004

The methods are not important. From my perspective if you buy high and sell higher its the same as buy low and sell very high. Sometimes you just can't wait for bubble or for for price to drop.
As long as your gained some money from your trade you are fine.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

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!

Dorrittulx

sr. member

Activity: 336

Merit: 250

Buying low is ALWAYS better. Enough said.

R4v37

sr. member

Activity: 266

Merit: 250

Quote from: maokoto on November 09, 2015, 03:20:48 PM

Buy low and sell high is the first rule of trading.

But you can buy high and sell higher, or sell low and buy lower also.

By selling highest you get the advantage of selling with a profit even when you have bought also high. By buying real low, you get the profit of not having to sell at a certain margin. You can wait till profit goes really really high.

Lets say a genie gave you the ability either to sell at the daily maximum or to buy at the daily minimum. What will you choose?

trust me...
Buy low and sell high << this dude is just a myth
before we buy low, a godlike "bot" will bought some in just matter of 1second
and when price crashes... that same bot will dump faster than you can blink Grin

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Just trade when u feel like it will go down. And buy when it is low, like 200-250$ if it ever will be such a low price again. There isn't any real strategy that works, just like gambling. Mayby only way, but then u need to be in a trading group which can pump/dump very good.

alrachid

member

Activity: 101

Merit: 10

Just another man trying to find his way.

There is many different ways to go about the trading as you have stated. Most common strat is to buy low and sell high. But when is low? Low is often a time where some amount of panic has hit, making weak investors drop out forcing often a new low. Once faith is restored, watch for signs of a confident rising trend again. I like to get in on the way up and jump before the turn down. Of course this is only possible because I work from home and I am able to keep a constant eye when day trading which is very advantageous.

erikalui

legendary

Activity: 2632

Merit: 1094

For me, I set an amount for each trade I make. In forex, it's 30 pips and in bitcoins it is $5-$10 minimum. So it's not buy very low and sell at a very high amount. You need to be practical and set an amount that is easily achievable.

doggieTattoo

full member

Activity: 209

Merit: 100

Quote from: maokoto on November 09, 2015, 03:20:48 PM

Buy low and sell high is the first rule of trading.

But you can buy high and sell higher, or sell low and buy lower also.

By selling highest you get the advantage of selling with a profit even when you have bought also high. By buying real low, you get the profit of not having to sell at a certain margin. You can wait till profit goes really really high.

Lets say a genie gave you the ability either to sell at the daily maximum or to buy at the daily minimum. What will you choose?

You actually cant predict accurately what is the low and what could be the high the next day. If you want regular and quicker returns always go for buy low and sell high, nut trade only with a minor portion of your total BTCs.

Lokfar

sr. member

Activity: 364

Merit: 250

For me, it depends on how fast/slow the value goes up and down

Of course a steady value is really good but so far i've only been able to buy low and sell high which works for me

Amph

legendary

Activity: 3248

Merit: 1070

actually i prefer to sell first, because at least you can have your profit if the price then skyrocket, this if i have acquire bitcoin in other way, besides buying

with buy low sell high, if the price get even lower you're screwed

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Try reading the trends. Daily targets and support limits are important to keep track of while trading, but really it all breaks down to being aware of what the current trends are. I'd say that bitcoin's market is fully speculation based, but rarely real world events have an impact as well. Buying high generally isn't considered as risky when the market is on the peak of a bull run as when a bull run has been going on for a while. Look at order walls and decide if support is decent enough for you to open a position at current levels, keep in mind that orders can be subtracted too so don't take big risks only based on that.

Furio

legendary

Activity: 938

Merit: 1000

BTC | LTC | XLM | VEN | ARDR

both, in that order offcourse, strange question btw, I think you can count Huh

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

The thing with your concern is that buying high and selling higher afterwards shouldn't even be an option here, reason why is that, scenario 1: imagine buying a BTCitcoin at $400 then trying to sell it for $420.... scenario 2: Buy BTCitcoin at $360 and sell it at $400 .... The profit is much more on the buy low,sell high rather than in buy high,sell higher due to the fact that you don't have much of a flexibility in terms of asking or rather selling higher since there isn't a room for it and no wise buyer would buy from you so they rather wait to buy lower even though their going to pay much more in terms of over price value...hope this is clear enough

jacee

legendary

Activity: 1302

Merit: 1025

I think those two needs to come along. You need to buy low to be able to sell high. It's impossible to seperate the two, don't you think? Also either way, price will be moving so it really depends on your preference. Either you will gwt profit if you know what you are doing.

psonowal83

member

Activity: 82

Merit: 10

there is nothing like better between both of two option as rates may subject to change any time . For me buying low has been most of the part safer for me

Cereberus

legendary

Activity: 910

Merit: 1000

There is no right way to trade on cryptos. Staying up 24 hours staring at the screen will help Cheesy

But all you need is to have the right timing then your gold.

BTTrader

full member

Activity: 156

Merit: 100

It is nothing about which strategy is better. It is about which one is suitable for you! It will make you get profits not make you lose.

Honestman

newbie

Activity: 13

Merit: 0

Buy low and sell high is easy to say than to do. But most ppl are losing money. So do not be obsessed with it. Due to the potential, we could buy it for the long term. We know bitcoin's price is hovering around $200-300 for long time. If we buy at that time, we could sell at $450 recently and get $150 for one btc. Do you know what I mean? Just buy and hold.

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: maokoto on November 09, 2015, 03:20:48 PM

Buy low and sell high is the first rule of trading.

But you can buy high and sell higher, or sell low and buy lower also.

By selling highest you get the advantage of selling with a profit even when you have bought also high. By buying real low, you get the profit of not having to sell at a certain margin. You can wait till profit goes really really high.

Lets say a genie gave you the ability either to sell at the daily maximum or to buy at the daily minimum. What will you choose?

I don't think in this world any one can predict the low or high prices of either share prices or currency prices so it is better to buy in small quantities when ever you feel prices are ok for you and sell it when you get some profits but if you try to do a day trading then it is purely based on luck so either you may or may not make profit. But many day traders has lost all their money.

Battareus

hero member

Activity: 826

Merit: 501

It all depends on what benefits do you expect from the purchase and how soon you need to get your money back, if you just bought and tomorrow there is a need to sell, you do not get a greater benefit.

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Buy low and sell high is the first rule of trading.

But you can buy high and sell higher, or sell low and buy lower also.

By selling highest you get the advantage of selling with a profit even when you have bought also high. By buying real low, you get the profit of not having to sell at a certain margin. You can wait till profit goes really really high.

Lets say a genie gave you the ability either to sell at the daily maximum or to buy at the daily minimum. What will you choose?

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