is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
It's a very good practice. The goal for every investment is to always stay in profit. Never get distracted by how little the profit might seem if you keep the little coming without getting greedy along the line you will be amazed to what extent your own portfolio will grow with consistency and patience most basically 
Topic: buying low and selling high (Read 1639 times)
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
It's a very good practice. The goal for every investment is to always stay in profit. Never get distracted by how little the profit might seem if you keep the little coming without getting greedy along the line you will be amazed to what extent your own portfolio will grow with consistency and patience most basicallySpot trading is highly recommended for newbies to develop trading skills, because if we can generate profits on a regular basis, even though
the profit generated is small, then slowly we will generate large profits if we accumulate the profits we make. So as you said, stay patient and
don't be too greedy when trading, then we will get positive results. My advice is not to be obsessed with big profits and then we try futures trading,
where our trading skills are not too good. Another thing to avoid is trading by relying on signals from other people in the trading group, it will only
make us lose money faster. After all, by trading relying on signals from other people, it will not make our trading skills increase too. All we have
to do is practice spot trading with our own research and analysis skills, then learn from every mistake we make. Slowly we can become successful
traders by achieving large profits.
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
Yes but instead of selling, I would rather hodl. And I would DCA (Dollar Cost Average) my dip-buying funds and thereby incrementally making money while not taking losses. I find thats the best complimentary strategy to implement into your broader trading strategy. As far the broader trading strategy goes, you would need to study on technical analysis and fundamental analysis. Thats the minimum. After that you still need to get a feel for the market and learn to never panic-sell (selling on emotion)...
Also important advice: do not listen to anyone except yourself. Don't let the signals of others become your signals. It will screw up your trading strategy.
This is a very common strategy in crypto trading to buy low and sell high. But we should make decisions about buying and selling by doing proper research. Always buy low and sell high won't work and it's not a good practice at all.
How you would consider for a price to be that in low? There's no way that you could able to determine on what it is, which means that even it do sounds up very basic.It cant really be avoided for you not to think on what is the very lowest possible price that you could enter and since this market is something unpredictable
then there's no way that you could really able to point it out.This might sounds very basic on having that buying low and selling high then this is something
where most people cant really able to pull on on having the precise moment that we should do it.
This is a very common strategy in crypto trading to buy low and sell high. But we should make decisions about buying and selling by doing proper research. Always buy low and sell high won't work and it's not a good practice at all.
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
Everything has a principle. There is nothing without principle.Whenever you go for trading on a trading platform you should aim to buy at low prices The basic principle of trading platforms is to buy at a low price and sell at a high price.And if you can trade keeping this principle in mind, you can be considered as a trader. obviously trading or investing in the spot market is much more comfortable and emotions will be more controlled than you are trading in futures trading,
yes we know the profit in futures trading will be higher if you put up a lot of capital,
I think the answer really depends on what kind of trading you are good at. Spot trading may be better for those of you who don't like taking big risks to lose money than futures trading, but for others it won't be the same. If you ask me which one I like, then the answer will probably be different because investing is my main choice instead of trading with various features.yes we know the profit in futures trading will be higher if you put up a lot of capital,
Then, low risk for low yield and high risk for high yield. In essence, just do what you love without being forced to greedily try your luck at what you are not good at. So if you like spot trading, then continue your goals and plans with it.
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
obviously trading or investing in the spot market is much more comfortable and emotions will be more controlled than you are trading in futures trading, yes we know the profit in futures trading will be higher if you put up a lot of capital,
but I'm sure many traders lose because they really really fail to contain their emotions and are blind about the charts.
Patience is one of the keys in trading and not everyone has it,
Besides that, determining the target is one of the important things,
ideally it's to buy when it's low and then sell it when the price goes up but in crypto it's certainly not that easy
It's easy to do that in our minds but when we step on the actual process, you'll also feel what others thinking and telling that they're confused.Besides that, determining the target is one of the important things,
ideally it's to buy when it's low and then sell it when the price goes up but in crypto it's certainly not that easy
Confused in a way that they have ideas when to buy at low but they don't know if the price that they're looking at now is low.
And upon selling, greed is what most are being stopped upon when they have had enough. They want to have more of it so they don't sell and wait for better prices that ends up them not selling in profit.
because when we start trading and don't know what it is then what happens like that we will be confused
Patience is one of the keys in trading and not everyone has it,
Besides that, determining the target is one of the important things,
ideally it's to buy when it's low and then sell it when the price goes up but in crypto it's certainly not that easy
It's easy to do that in our minds but when we step on the actual process, you'll also feel what others thinking and telling that they're confused.Besides that, determining the target is one of the important things,
ideally it's to buy when it's low and then sell it when the price goes up but in crypto it's certainly not that easy
Confused in a way that they have ideas when to buy at low but they don't know if the price that they're looking at now is low.
And upon selling, greed is what most are being stopped upon when they have had enough. They want to have more of it so they don't sell and wait for better prices that ends up them not selling in profit.
Patience is one of the keys in trading and not everyone has it,
Besides that, determining the target is one of the important things,
ideally it's to buy when it's low and then sell it when the price goes up but in crypto it's certainly not that easy
”Buying Low and Selling High” In trading this is a basic concept. A trader will be able to buy from the bottom and the profit will be more. But this deep position is not always possible to get according to the demand. That's why a trader has to wait a long time. The bearish market is in the long run in this situation. This may be the perfect time for buying and the Bull Market is certainly to be worthy to get good profit by sale.Besides that, determining the target is one of the important things,
ideally it's to buy when it's low and then sell it when the price goes up but in crypto it's certainly not that easy
and keep in mind that trading is also not easy when dealing with liquid hunters who are in several markets that can trap traders to lose their money
It's a good practice and much profitable too but we need to be sure about the coin's future. Because without a good project we can't make money by this way. Because there's a chance to dump hard if the project isn't good.
This is the simplest form of trading, but the same won't be successful all the time. To make this format of trade successful we need to have patience and our trade always takes time for execution. Most of the time my choice is to buy low and have the target set for selling. The target gets reached in a day or it can take weeks. I used to wait for that.Besides that, determining the target is one of the important things,
ideally it's to buy when it's low and then sell it when the price goes up but in crypto it's certainly not that easy
It's a good practice and much profitable too but we need to be sure about the coin's future. Because without a good project we can't make money by this way. Because there's a chance to dump hard if the project isn't good.
This is the simplest form of trading, but the same won't be successful all the time. To make this format of trade successful we need to have patience and our trade always takes time for execution. Most of the time my choice is to buy low and have the target set for selling. The target gets reached in a day or it can take weeks. I used to wait for that.Besides that, determining the target is one of the important things,
ideally it's to buy when it's low and then sell it when the price goes up but in crypto it's certainly not that easy
It's a good practice and much profitable too but we need to be sure about the coin's future. Because without a good project we can't make money by this way. Because there's a chance to dump hard if the project isn't good.
This aspect if the coin is coming up, that is the coin is new then you decide to buy and keep for long period of time. when you make your own research and see that is future is bright then go for it. I think buying low and selling high is traded Coin only. All this depend on someone's luck. It's a good practice and much profitable too but we need to be sure about the coin's future. Because without a good project we can't make money by this way. Because there's a chance to dump hard if the project isn't good.
This is the simplest form of trading, but the same won't be successful all the time. To make this format of trade successful we need to have patience and our trade always takes time for execution. Most of the time my choice is to buy low and have the target set for selling. The target gets reached in a day or it can take weeks. I used to wait for that.thing to be done specially when you are a noob or even experienced or expert which this market is totally unpredictable and there's no way that someone could able to predict on where prices
could go and this is what making this action so totally hard to be done or to be applied which there are lots of factors which you would need to consider first before making
decisions.
It's a good practice and much profitable too but we need to be sure about the coin's future. Because without a good project we can't make money by this way. Because there's a chance to dump hard if the project isn't good.
This is the simplest form of trading, but the same won't be successful all the time. To make this format of trade successful we need to have patience and our trade always takes time for execution. Most of the time my choice is to buy low and have the target set for selling. The target gets reached in a day or it can take weeks. I used to wait for that. 
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
buying low and selling high of course requires an analysis in order to determine that, because without being able to do chart analysis it will make you like playing gambling, 100% gambling,
because indeed in crypto currency without chart analysis, support, resistance and indicators you will totally inconsistent, high volatility makes crypto very risky.
even using technical analysis, it is also necessary for the person to pay close attention to the times of each candle, for example to day trade with 15-minute candles in this cryptocurrency market, one can spend hours on the computer and have little profit and at the end of the month only have regrets, while if you choose 1H, 4H or even 8H candles and buy on support and place a stop-loss and let the price go up a lot and then sell if there is a trend reversal to the downside, it is more profitable and has less pain at least that's what I've noticed over the years that I'm in this market
It's a good practice and much profitable too but we need to be sure about the coin's future. Because without a good project we can't make money by this way. Because there's a chance to dump hard if the project isn't good.
after the disaster of certain altcoins I stopped trusting altcoins, I only use LTC for gambling, but I use BTC for trading, even if a project is good, there is still the risk of the creator disappearing or doing some shit that harms the project and make the price drop to zero
It's a good practice and much profitable too but we need to be sure about the coin's future. Because without a good project we can't make money by this way. Because there's a chance to dump hard if the project isn't good.
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
buying low and selling high of course requires an analysis in order to determine that, because without being able to do chart analysis it will make you like playing gambling, 100% gambling,
because indeed in cryptocurrency without chart analysis, support, resistance, and indicators you will be inconsistent, high volatility makes crypto very risky.
For you to be able to know if you're on the right track when buying or selling, you have to be fully equipped with knowledge about the basics of technical analysis and trading fundamentals. That will serve as a guide for you to make the right decisions on whether to sell or buy. Trading without basic knowledge has huge risks and there's a big possibility that you might lose everything you have in just a single click. Trading is too challenging but you could make things easier if you are knowledgeable about what you are doing.
Trading is challenging and not a scheme for quick access to success. There are fundamentals and influences that's needed to understand before you can push your way to success. If you have lots of time and you are willing to learn more, buying low and selling high can be achieved. It's more on your personal knowledge and understanding that will lead you to be successful in this type of investment. Without it, you are risking your investment so before to invest with time in learning things before positioning your investment.
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
buying low and selling high of course requires an analysis in order to determine that, because without being able to do chart analysis it will make you like playing gambling, 100% gambling,
because indeed in crypto currency without chart analysis, support, resistance and indicators you will totally inconsistent, high volatility makes crypto very risky.
Jump to: