Buying low selling high ain't always successful - page 3.

Anonylz

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Quote from: ampere on April 04, 2020, 05:25:15 AM

Quote from: joseyphil82 on February 27, 2020, 02:27:52 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

There are several strategies to this, you can't just buy low because a project dipped in price.
You need to do more researches and also understand the trade charts.

Engaging in more researches equalling helps.

How funny that sound! Serious how many traders, investors do more research when there is a dip in the market? Tell me, will you do more research when eth price dip, or bnb, bch, ltc btc, link, dash.... nobody actually have time to do any research again before buying, this are very easy to say, people hardly ever put them into practice,
In fact, it is because we are still partly on bear market, during the time of bull run, will you do research before jumping into any available dip, the price is not waiting for you, once you miss that opportunity it is gone, I miss opportunity to rebuy bch at $167 and now am hoping it will come back, just hope.

freedomgo

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Quote from: istiak2277 on April 04, 2020, 02:15:01 AM

it will only work when the market is stable and it stays between in a range.

There is no such thing as stable or moving between in a range, otherwise people would not complain as they can make easy money.
the fact that the market is very volatile, a high risk, that would tell it's hard to predict, and a trader needs to be smart enough to be able to do the right timing.

Quote from: istiak2277 on April 04, 2020, 02:15:01 AM

It is a very good and effective strategy though you can not use this strategy in such a market condition when the market is moving only one direction. But still, its the best way to make money but you need to predict the market right. People just buy high and sell low in fear to lose the best entry.

For a trader to be successful, he needs to know how to make a good decision, regardless of the market condition, as long as the price is moving, he should be able to find a way to enter and exit at a good timing.

ije07

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Quote from: ampere on April 04, 2020, 05:25:15 AM

Quote from: joseyphil82 on February 27, 2020, 02:27:52 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

There are several strategies to this, you can't just buy low because a project dipped in price.
You need to do more researches and also understand the trade charts.

Engaging in more researches equalling helps.

it's also a good step before making a short trade. as we know that trading is a way to get quick profits but it is very risky for those who do not have basic knowledge or cannot observe crypto price movements. if someone only relies on basic techniques or is still a beginner it is better to start with small capital, coins have a price development, and are not greedy.

Denreal

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Quote from: Inosend on March 27, 2020, 06:12:54 PM

It's really easy to say but executing that very desire is harder than you could ever imagine I remember when I venture into this space earlier 2016 my mentor then was always giving signal and then he said buy low and sell high but I always buy low and sell lower lol

That mistake occurred probably because you bought a total shitcoin. buying low and selling high is very possible, particularly when you are dealing with a top coin. there are top altcoins that you can deal with, successfully, even while still practising how to buy low and sell high. Also, you thought you had bought low, but you never waited to see the price stabilized before buying.. A coin might be low and in the next few minutes or seconds, you see it going lower further. It means going into that might be a grave mistake. Wait to let it stabilize around a particular price, but not when it has really gon uptrend.

ampere

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Quote from: joseyphil82 on February 27, 2020, 02:27:52 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

There are several strategies to this, you can't just buy low because a project dipped in price.
You need to do more researches and also understand the trade charts.

Engaging in more researches equalling helps.

Mulann2

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Only if you buy the wrong coin I guess, let's say you have the chance to buy btc at dip and hold for it to recover, definitely that will be successful to me, thus, I believe if you are lucky to buy a good coin at low price and exercise patience for it to increase again then you have gain from it,
It all depends on what you buy actually, if it is shit coin, then only a miracle will help.

rezakurnia66

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When you buy coins do analyze and use a good strategy. A trader sometimes they can't wait to see the low price. And hurry to decide to buy coins. However, once the coins are bought, the price does not rise but the prices decline. You don't panic but analyze and study the sales charts.

It would be better to buy top coins like Ethereum and Bitcoin. Bitcoin after collapsing now prices continue to experience growth. I recommend buying Bitcoin, but you are not greedy. When the price has climbed and given you a profit, the coin should be your sell. It is better to get a bit of profit than you have to take risks.

istiak2277

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it will only work when the market is stable and it stays between in a range. It is a very good and effective strategy though you can not use this strategy in such a market condition when the market is moving only one direction. But still, its the best way to make money but you need to predict the market right. People just buy high and sell low in fear to lose the best entry.

lousie9

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You need to reconsider before doing this, I mean when the price is high then you sell as soon as possible because the opportunity does not come 2 times unless you hold or trade BTC then you don't need to worry when you see the price go down. It is important to always remember that if you trade, to always monitor the assets you are trading so as not to lose the moment to sell.

Genemind

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This happens usually since no one can really predict what will be the deepest dip and what would be the peak. However, if you are buying the dip and aiming for a long-term hold, such loss can be avoided. This is sustainable if you are rich and has excess money for investment. The market is indeed omplicated, that is also the reason why it is profitable.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Inosend on March 27, 2020, 06:12:54 PM

It's really easy to say but executing that very desire is harder than you could ever imagine I remember when I venture into this space earlier 2016 my mentor then was always giving signal and then he said buy low and sell high but I always buy low and sell lower lol

Well your so called "Mentor" was a scammer then. No hard feelings but you cannot trust anybody in this sector unless the person is known to you in real life or a close relative. Because there are scammers everywhere crypto being a non regulated asset class.

We have seen so many scammers use signals groups to scam newbies and there is nothing that can be done legally against them. Because they didnt force you to trade, you did so on your free will. It is better to do your own research and make decisions based on that. Getting rich does not happen by someone telling you how to get rich.

Slingshot

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It has been working for me anyway but not always . It's good for one to monitor market before failing victims and it's best to take your profits without being greedy. You can sell and set order to buy at dip just relax and give it sometimes than selling and buying immidiately. Trading requires patience and wiseness. Know when to join and when to wait till price drops. Every projects pumps.and goes up, you can buy and sell and buy from another project that dipped . But truth is its never an easy thing and not always successful.

pikkie

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Quote from: matchi2011 on March 27, 2020, 03:33:05 PM

Quote from: doctor877 on March 27, 2020, 02:22:28 PM

You just have to keep trying and master the trade. You don't win by quitting. You can always win every trade but you should win more to make profit. The market sometimes behave funny , and you should not trade everytime. Follow these steps and you will get back on track.

If you are not a quitter then trying your best to learn the right strategy in order to win against the market, buying low and selling high depends from how your timing will take place, you can earned from this strategy once you understand the market behaviors the more you engaged yourself the more you'll be able to catch the right position for both buying and selling targets.

when buying cheap and selling at high prices then you must use the long-term trading method because if you use the short-term trading method it will not be possible, for long-term trading at least you should be able to control patience which in my opinion is the main factor to be able to get profit.

Inosend

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It's really easy to say but executing that very desire is harder than you could ever imagine I remember when I venture into this space earlier 2016 my mentor then was always giving signal and then he said buy low and sell high but I always buy low and sell lower lol

Kelvinid

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win lambo...

Maybe it doesn't work for you but it is really different from me and it was meant to be good all the time. I don't know how you work on it or you are just impatient and can't wait for the market to recover.

I believe and I know that the life of a trader isn't really easy but I don't think that this basic and genuine strategy is not effective. In fact, a lot of people are using this one because they believe that it works. Anyway, no matter what strategy that you are using if you are not passionate about using that one, it is simply you'll be ended nothing.

matchi2011

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Buy $BGL before it's too late!

Quote from: doctor877 on March 27, 2020, 02:22:28 PM

You just have to keep trying and master the trade. You don't win by quitting. You can always win every trade but you should win more to make profit. The market sometimes behave funny , and you should not trade everytime. Follow these steps and you will get back on track.

If you are not a quitter then trying your best to learn the right strategy in order to win against the market, buying low and selling high depends from how your timing will take place, you can earned from this strategy once you understand the market behaviors the more you engaged yourself the more you'll be able to catch the right position for both buying and selling targets.

Jannyh

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It's not that easy buying low and selling high,but then,you could keep trying,when you buy low,you sell high,the next time you want to buy,the price must have gone up,so this time around,your buying low would get you less amount of the token you bought earlier,them you sell higher,buy so doing,you increase the satoshi or dollar value if your capital

doctor877

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You just have to keep trying and master the trade. You don't win by quitting. You can always win every trade but you should win more to make profit. The market sometimes behave funny , and you should not trade everytime. Follow these steps and you will get back on track.

Kersh768

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It depends on the cryptocurrency you have invested in. There are times wherein the market prices are low but not all cryptos would be able to go along with the price increase when such thing happen, only those who are 'strong' enough would get through so you better choose the best crypto in order to make profit from buying low selling at high peaks. Also, since the recovery times cannot be predicted, there will be instances wherein profit would be dull, but patience is the only answer with regards to this.

Quote from: TheICE007 on March 27, 2020, 09:27:15 AM

This time has been one hell of a time, predictions seem not to work,or sometimes one fundamental analysis will just disrupt the way technical analysis has been plotted, this period has indeed been full with instability, I think this isn't the time for trading especially as it concerns newbies. Just look for a good point,buy your coins and hold and then wait for moon.

This is the reason why holding is more advisable than investing at this moment. No one knows when will the market increase and no one knows what coins would be profitable to invest when that period come to existence. But investing is not a bad thing still. If you are that eager to take the risk and proper someday, you better choose the best investment at this moment. I would say Bitcoin is pretty a good shot to try, its price is still low, giving opportunity to investors.

Gheka

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Quote from: ?? on ??

Quote from: adekogbe on March 26, 2020, 05:36:58 PM

Buying low and selling high can often come off as a myth. Because this is a strategy that is very difficult to pull off for the average trader.
The reason lies in the reality of the cryptocurrency market which is highly volatile and unpredictable.
So its best to do some day trading or bot trading to make profits

Not only often, I would say, but even almost all the time. The only time I have ever successfully bought high and sold low is in computer games but even then, only on low difficulty for economic games like Patrician;)

Average traders know the concept, but they don't realize the market doesn't move at all like they expect!

Well, buying low and selling high is a basic knowledge when we want to make a lot of profit through investing but this basic answer contains a complex series of processes when what we're predicting is a whole market, special customer needs and market information, which are the factors that can come at any time, so failure is quite often with low buying and high selling. But remember that it is a failure in prediction and it is temporary, at a certain time, we will succeed, predictions are hard to instant success, low buying and high selling take time to succeed

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