buying low and selling high - page 6.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

Quote from: Bhig Daddy on September 03, 2022, 03:55:23 PM

Well I can’t really say if it a good practice or not but I know for sure is that this strategy is mostly used by daily traders, it might sound simple and all but it a very hard and risky strategy. You need to be highly experienced and understand the market very well too.

Indeed everything is hard at the start but if a person gets used to it, it is like breathing air. Well breathing air is also hard if you analyze how it is done. Luckily our body is used to it that it do it automatically. What I mean is, with enough experience, knowledge and tools, you can be able to grow your portfolio using this day trading method. Just don't expect to do it easily when you are still learning the curve of trading.

Bhig Daddy

member

Activity: 364

Merit: 13

Well I can’t really say if it a good practice or not but I know for sure is that this strategy is mostly used by daily traders, it might sound simple and all but it a very hard and risky strategy. You need to be highly experienced and understand the market very well too.

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: SafuBTC on July 22, 2022, 01:39:24 AM

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 is if you are successful enough to bag in a few profits in every trade you made. Honestly, it is more profitable than just hodling you crypto portfolio making them just sit idle waiting for a great pump that will possibly not happen to appear. Just make sure you have the proper skill, knowledge, information, and patience when you do this kind of strategy.

Franctoshi

hero member

Activity: 1022

Merit: 600

Quote from: SafuBTC on July 22, 2022, 01:39:24 AM

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?

From my experience, If you really wanna get involved with Bitcoin trading i.e buying the low and selling the high as you've said and in that process want to earn some money from that, therefore as a Newbie starting to trade, spot trading is just the best for you when it comes to that kind of trading style, as it will help protect you from getting liquited if you were to use leverage due to the volatility nature of the Bitcoin market. However, to do this ensure you've gotten a good trading strategy for good entry and exit point, hence you will still loose money as a result of buying the low and waiting to sell high and reverse will be case because you might be tempted to sell in a lose as result of seeing the price fall as you're not HODling Bitcoin.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: ?? on ??

Quote from: SafuBTC on July 22, 2022, 01:39:24 AM

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?

this is a method that is still being used successfully to achieve large profits. it's just not easy to do that. people can easily say that in this way, they can multiply their portfolio. but the fact is there are still quite a lot of people who have bad strategies about it. however, this is a method that is still used today to achieve great profits. if you are successful, then this will be a good thing, and if you are not successful, then this can be a bad method for you because not everyone has expertise in this area.

^Most commonly, those people who are able to extend their patience.
That is definitely right, buy low and sell high it seems very easy to say but in fact, you don't know how to predict the right time, it needs more time to determine your profit and this will include your patience to wait the perfect time of selling. So holding it in a long term will usually investors do.
However, aiming for a big profit which means holding for a long term will probably you need. Dont you ever sell your crypto asset under the price where you bought it.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: blockman on September 03, 2022, 06:07:23 AM

It's a good practice to start with. I have read newbies that are jumping too quick into the futures because they see the others making that much profit there. But the bad part is that they don't expect of being liquidated when the market's too volatile and that's the bad side of it for the newbies. Although, they can push it if they want to but with a decent amount of knowledge and experience.

If a newbie makes money from futures trading, they are no newbie at all. Roll Eyes

Spot trading on the other hand is the first thing to go for any newbie out there. There are reasons for the same: spot gives you an idea how the market works and how you can divide your budget into buying a coin at different levels and make money when the levels are crossed back.

Futures and other such gambling modes are risky moves and should only be done by someone willing to take the risk. Since the market is currently bearish and a bit on the stagnant side, futures is making the rounds in this forum but I can assure newbies reading this that dummy trading and then spot trading is the way to start.

blockman

hero member

Activity: 3066

Merit: 629

20BET - Premium Casino & Sportsbook

It's a good practice to start with. I have read newbies that are jumping too quick into the futures because they see the others making that much profit there.
But the bad part is that they don't expect of being liquidated when the market's too volatile and that's the bad side of it for the newbies. Although, they can push it if they want to but with a decent amount of knowledge and experience.

AicecreaME

sr. member

Activity: 2436

Merit: 455

Quote from: SafuBTC on July 22, 2022, 01:39:24 AM

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 requires a good technical analysis for you to be able to make profits. You have to know like 80% when to buy and sell your cryptocurrency that you are using in spot trading. To answer your question, I believe yes, it is a good practice since spot trading is less risky than futures. I usually trade big coins in spot and not altcoins because of it's reputation and high volatility.

crzy

full member

Activity: 2128

Merit: 180

Quote from: Fatunad on September 02, 2022, 04:54:06 PM

People cant really just avoid on not to look upon into others ways or methods on dealing up with the market which they do believe that it could really be that effective
nor profitable if they do decide on doing that without even realizing that it wont really be that a good idea.Nothing beats out if you do really stick with your own trading ways
and never intend to copy on what others been doing.Buying low and Selling high might be that very basic to hear at but its not something that simple that you could
really able to apply it because if you are already on the actual condition or situation then this is where things started to get hard. Cheesy

Many are just following someones advice simply because they have no knowledge about this, and the risk started the moment you trade with someone’s strategy, that can’t work for you all the time. Buy low and sell high might be an easy terms for trading but honestly, it’s not enough for you to succeed in trading. You must know how to properly win in trading the right way, if you want to make trading easy for you, start learning.

Fatunad

sr. member

Activity: 2296

Merit: 360

Quote from: South Park on September 02, 2022, 04:47:40 PM

Quote from: Luffygroove on August 25, 2022, 12:17:56 AM

IMHO, to buy low and sell high is the essence of trading no? but in this kind of season, it's really hard to predict the volatility of each coin/token. So many factors are actually related to this kind of strategy, like emotionally, cognitive, and instinct. You need to practice and learn from your experience first to find the style that suits you. You really have to be meticulous and patient to be able to implement this strategy. Remember, only invest some that you afford to lose. Good luck, buddy.

You mentioned something that is often ignored but which is quite important, we need to find a style of trading that suits us, it is precisely because of this that you can learn the trading strategy that another trader uses and which you know is profitable and still lose money with it, simply the strategy does not suit you and as such you need to learn more about the market until you eventually develop a strategy that you can actually put to use, as you may guess this is not easy to do but if you want to become profitable you have no other option but to do it.

People cant really just avoid on not to look upon into others ways or methods on dealing up with the market which they do believe that it could really be that effective
nor profitable if they do decide on doing that without even realizing that it wont really be that a good idea.Nothing beats out if you do really stick with your own trading ways
and never intend to copy on what others been doing.Buying low and Selling high might be that very basic to hear at but its not something that simple that you could
really able to apply it because if you are already on the actual condition or situation then this is where things started to get hard. Cheesy

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Luffygroove on August 25, 2022, 12:17:56 AM

IMHO, to buy low and sell high is the essence of trading no? but in this kind of season, it's really hard to predict the volatility of each coin/token. So many factors are actually related to this kind of strategy, like emotionally, cognitive, and instinct. You need to practice and learn from your experience first to find the style that suits you. You really have to be meticulous and patient to be able to implement this strategy. Remember, only invest some that you afford to lose. Good luck, buddy.

You mentioned something that is often ignored but which is quite important, we need to find a style of trading that suits us, it is precisely because of this that you can learn the trading strategy that another trader uses and which you know is profitable and still lose money with it, simply the strategy does not suit you and as such you need to learn more about the market until you eventually develop a strategy that you can actually put to use, as you may guess this is not easy to do but if you want to become profitable you have no other option but to do it.

Laurendaldin

jr. member

Activity: 126

Merit: 4

There is a joke: investing is very simple - just buy when it's cheap and sell when it's expensive. It seems to me that your success will depend only on your knowledge and experience. It's not worth chasing instant earnings, I think.

Luffygroove

member

Activity: 966

Merit: 25

Ton Together | Save Smart & Win Big

IMHO, to buy low and sell high is the essence of trading no? but in this kind of season, it's really hard to predict the volatility of each coin/token. So many factors are actually related to this kind of strategy, like emotionally, cognitive, and instinct. You need to practice and learn from your experience first to find the style that suits you. You really have to be meticulous and patient to be able to implement this strategy. Remember, only invest some that you afford to lose. Good luck, buddy.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: SafuBTC on July 22, 2022, 01:39:24 AM

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?

Your relative can proved it and it was enough. But it doesn't mean that it will on you so well as it certainly depends on you after you buy. It is something to say that your relative is good at managing his funds, can do the holding, and definitely, can handle hos emotions. And the question is if you can do the same as what he does? Because if you can, then no doubts that you will also gain and multiply your money as well.

I suggest having it try even just a small amount in order to test yourself about this, after that you can tell us back what it happens to you.
Good luck...

Uzairjutt275

member

Activity: 210

Merit: 22

Quote from: SafuBTC on July 22, 2022, 01:39:24 AM

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 bro now the market situation is too down this is time to get profit by investing in different cryptocurrency like BTC,eth, ada,matic etc and you can also hold for long term by huge profit and also invest you money at your own research.

Uzairjutt275

member

Activity: 210

Merit: 22

Now the market is too down and this is a great opportunity to buying and hold for long term. And newbies will get more profit by this opportunity. And also buying at your own risk

touseefahmad1999

member

Activity: 966

Merit: 11

Allah is the Greatest

Quote from: Ryker1 on July 22, 2022, 04:00:58 AM

Quote from: SafuBTC on July 22, 2022, 01:39:24 AM

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?

Well that is a good way but sometimes we made a wrong decision due to the market is unpredictable, still --the risk was there because we don't know when it will be high or low the price. Th right thing is to invest for a long term and hold it for how many years so that you will see the right profit, it seems like waiting if there is a bull market and no one can tell when it is. So possible you will gain profit with that strategy but your problem now is how to determine the market movement, perhaps, selling your portfolio or something like raising the amount by a dollar.

Yes s.r I agree Market is too volatile such a unpredictable but long term investors Definitely gains huge profit because it's short term market moves does not worries. And before investing strategy is very important then investment in strong fundamental coins

Kalchef

member

Activity: 112

Merit: 20

Every buying is an opportunity that may never be seen again so buying and selling is risky too, I have seen a coin that dips to 0.01$ in the past and its now so far away from its all time low, looks like it will never happen again so be careful.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Oceat on August 18, 2022, 06:59:19 PM

Quote from: alik111 on August 16, 2022, 09:24:07 AM

If your main purpose is about doing practice then you should try trading with demo account. And if you want to make profits by this way you have to learn about trading and have proper experience in trading.

Maybe OP was just curious because his friend was like trying to make money but OP doesn't know the real risk about what his friend been doing. OP should at least learn the basics first since it seems like he wanted to try this kind of strategy although, it's not that easy when talking about trading since it does need someone to be ready whatever happens and I think his friend was using a signal to trade but it cost too much time and also you have to be patient of doing this.

Getting hype by his friends trading results is good start already for him to find information about what he want to do. But it really takes more time for newbies to earn decently since if they just do buy low and think about selling it at high price then maybe he cannot get what he expect especially if the market suddenly collapsed so I think much better if they read different stories or experiences from other trader because for sure they can learn a lot from this.

touseefahmad1999

member

Activity: 966

Merit: 11

Allah is the Greatest

Quote from: Ketesnuko on August 19, 2022, 01:47:32 PM

You need to have some crypto trading knowledge to be able to take advantage of every dips in the market or else your coins will decrease due to you panicking and FOMOing, better trading strategy will get you relaxed because you understand what's coming.

I agree with your precious point. Crypto knowledge and learning is very main point to grow your skills that make us more perfect and able to take trade in every market situation it doesn't matter what market next move always make profit in every condition. If long term investment always do strategy in DCA to make huge return

Topic: buying low and selling high - page 6. (Read 1639 times)