Buying low selling high ain't always successful

key4co.in

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Quote from: joseyphil82 on February 27, 2020, 01:27:52 AM

Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now

I can relate, this happens mostly when you are not a pro in TA or when you don't enter a coin early when there is FA. However, sometimes general crypto FUD can dump a coin you are optimistic on, best way to always reduce loss is to set stop limit or stop loss. Trading involves gaining and losing if the trade goes south, if you win 70% of your trades, then you are good.

preikaler

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of course it's a very difficult prediction that sometimes we already predict it has gone down then we buy it turns out the price goes down and sometimes we wait for the price to go down but the price gets more expensive

judaspriest

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C O M B O

of course if you trade without knowing how you will not succeed, as you say buying below is not always successful right? but if you know the knowledge of trading such as support, resistance, and indicator analysis even reading candles I think you can succeed

MikeyVeez

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The problem is that you do not have enough money to set the low or set the high, so you can only predict that, but again, it is gambling. You can reduce the risk, like when you know a lot of about football, but are all bettors in profit? Not!

FLHippy

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It is almost impossible, I think that 90% of traders didn´t predict that Bitcoin will attack the 9000USD resistance line, all of them are waiting for new lows, but again, Bitcoin showed that it can´t be predicted by trading analysis.

carriebee

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It is not always end up a successful trading when we ought to buy low and sell high. It happens to other traders of not earning during trading. It reminds us that market is unpredictable we do not know at what price it will keeps going down and what price we’re ready in selling point.

kingzpro

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DIFX - Digital Finacial Exchange

Yes, especially it will work less in crypto markets, it works better in other financial markets for crypto due to high volatility you can either go deep into loss or have risk of missing out on parabolic gains so perhaps hodling is the best strategy for crypto unless you are very sure about both the peak and the bottom.

Odebowa

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Activity: 252

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Cryptocurrency is one of the most risky yet rewarding investments in our current era.

All kinds of people having made huge amounts of money by investing into cryptocurrency.

It does not take a paid group or being a genius to profit from investing in cryptocurrency.
“profit from cryptocurrency does not mean you will become a millionaire overnight by investing $100 and going to sleep. That is not how investing works.

Real investing is persistent and it takes having knowledge about the projects you invest in.
Success in any business is profit and the way it goes buy low in a right project or coin and sell high after considering necessary analysis is the way oo.

suryapro

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you could make a low purchase to sell it back when prices rise. but that requires quite a long time. you better buy a price that is not too far from the current price alone, so that your funds will continue to spin

sky_Gritzz

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yeah some people just think when it deep they buy that token/coin and when it up they sell it.
that the basic of trading and all people tof course think like that, but the trading system is not so simple like that.
we must doing some research before we start to buy some coin in deep.
'cause we don't know whta that coin will grow after we buy it.

HunterUnchained

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Activity: 182

Merit: 1

Very true... Most times you buy low, it goes even lower and making you to wait endless for it to rise again before selling. If you are lucky, you might get to wait for a short time, if you aren't, then you wait a longer time or simply sell at a loss and move on. I have seen cases where prices never rise again and some of the projects disappear or die a natural death leaving you with whole bag of shit and dead tokens. It isn't always an advisable way of trading. If you must, then only buy or trade the top 10 to 20 coins on CoinMarketCap.

voteformeg

legendary

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tanx for the laugh OP , it was like i was reading my own story , i tryed many times to buy in dip's and sell high but i also learned the hard way that trading is more difficult then it seems , whatever i do , buying low or selling high is always going wrong , in the end i stopped trading and keep what i have for the long run

heygeorge

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Quote from: thekrakennnm on April 29, 2020, 08:28:07 AM

It's more easier to long instead of day-trading. You have to be either a great expert or extremely lucky to day-trade and always gain profits. That's definitely hard to execute.

I second to this one but let's still think that doing long also has its own risk so better do some research before investing. Wink

MCobian

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Cryptocurrency includes investments with high risk, because the price is difficult to predict. It is true sometimes when prices
already low, then we decide to buy. After that the price is not going up, but it's going down. Here the ability and experience
we are tested, we must be able to make the right decisions. We analyze carefully later we will get the answer, whether coins
that we have bought should be hold or stopped loss.

bison

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SmartFi - EARN, LEND & TRADE

Quote from: freedomgo on April 29, 2020, 08:23:47 AM

Quote from: Reatim on April 29, 2020, 08:12:48 AM

i have seen many people put their money and expect to grow even in 24 hours cycle,the problem is if the currency they bought suddenly fall down right after he purchase and the shit thing is will blame to the market though they have no idea about the volatile.

They like to play the volatility, some expect to increase their money significantly even in just 24 hours especially if the market is bullish, but it will not happen most of the time, they'll be lucky if it happen and it normally happen on coin with less trading volume as those coins could easily get pump compared to the coins which are trading in big market.

but such pumps will not be balanced with sufficient demand to grow investments or trade. I trade daily every day with assets that have high trade-in large markets. it helps me to get profits easier than I trade with assets that do not have a large trade.

thekrakennnm

newbie

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It's more easier to long instead of day-trading. You have to be either a great expert or extremely lucky to day-trade and always gain profits. That's definitely hard to execute.

freedomgo

legendary

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Playbet.io - Crypto Casino and Sportsbook

Quote from: Reatim on April 29, 2020, 08:12:48 AM

i have seen many people put their money and expect to grow even in 24 hours cycle,the problem is if the currency they bought suddenly fall down right after he purchase and the shit thing is will blame to the market though they have no idea about the volatile.

They like to play the volatility, some expect to increase their money significantly even in just 24 hours especially if the market is bullish, but it will not happen most of the time, they'll be lucky if it happen and it normally happen on coin with less trading volume as those coins could easily get pump compared to the coins which are trading in big market.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: lienfaye on April 29, 2020, 08:08:32 AM

Quote from: Melody2 on April 26, 2020, 05:37:24 PM

It is painful when you buy the dip and it just keeps getting dipper or you take profit and convert to usdt only to see that the coin you sold keeps pushing up in price. The best thing is to swing trade frequently and utilize stop-loss too.

The market is really unpredicted, we cant say if we made the right decision for buying or selling because we never know the next movement of the price. Thats why its better to only invest a spare money or a money you can afford to lose so whatever happens with your investment you're prepared because its not a money meant for important things.

This is what volatility means mate and also this market characteristic is why we are Earning here(of course losing as well) and also this is same reason why we love investing inside but like what you said we must put the money that we are carry to risk or gone if we cannot afford to wait longer time from the time we invested.

i have seen many people put their money and expect to grow even in 24 hours cycle,the problem is if the currency they bought suddenly fall down right after he purchase and the shit thing is will blame to the market though they have no idea about the volatile.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Melody2 on April 26, 2020, 05:37:24 PM

It is painful when you buy the dip and it just keeps getting dipper or you take profit and convert to usdt only to see that the coin you sold keeps pushing up in price. The best thing is to swing trade frequently and utilize stop-loss too.

The market is really unpredicted, we cant say if we made the right decision for buying or selling because we never know the next movement of the price. Thats why its better to only invest a spare money or a money you can afford to lose so whatever happens with your investment you're prepared because its not a money meant for important things.

heygeorge

jr. member

Activity: 37

Merit: 4

Quote from: joseyphil82 on February 27, 2020, 01:27:52 AM

Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now

Might as well convert on investing to stocks right now. Big companies going to the dip right now and we all know that when the crisis is over they'll go up again. Did I just state the obvious? haha

Topic: Buying low selling high ain't always successful (Read 1241 times)