Buying low selling high ain't always successful - page 8.

Kotone

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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

That's how the thing on market. Actually that's normal, you just need to figure out the timing in order to benefit with the buy low sell high. Also, you must be patience when it comes to this, since not all the time we can know how the market will respond. Sometime it can crash anytime the least we expect it.

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Quote from: daniahya on February 28, 2020, 07:11:49 PM

true, we also have to read the market movement and determine the point where the lowest price, do not buy it because of course you will experience a loss, be patient first wait for the price to really go down then we buy it and don't forget to check the latest news about the coins you want to buy

Trade requires knowledge, experience and analysis. Determining when the right time to buy and determining when the right time to sell is one of the things that must be owned by a trader. In trading, a trader must have knowledge about price analysis through charts, have a profit target to be achieved and minimize risk through cutlose when prices dump.

Support and resistance are two things that are just as important for achieving success in trading. Without knowing these two things, traders only rely on expectations because of other factors such as the rise in the price of bitcoin or other. Price analysis techniques use support and resistance it will make traders able to determine the right time to buy and sell their trading assets in my opinion, there is a profit target when the price approaches resistance and cutoss if the price falls near the support or break-down past the specified support limit.

daniahya

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Quote from: sayaya17 on February 28, 2020, 05:47:02 PM

Trading does seem like an easy, buy at a low price and sell it when it rises. Sometimes this saying is indeed profitable if the market can be predicted, but when the market fluctuates any prediction is not one hundred percent accurate. We must be patient in trading and continue to carry out other strategies.

true, we also have to read the market movement and determine the point where the lowest price, do not buy it because of course you will experience a loss, be patient first wait for the price to really go down then we buy it and don't forget to check the latest news about the coins you want to buy

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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

Buying low and selling high for me always work.

The problem is did you really buy your cryptocurrency in a low price? I think you are just losing your hope. You will never lose if you will never sell works in Bitcoin and some popular altcoins in the market.

Just don't invest in dead coins in the market since I don't think it might be profitable even for the long term the price could go down.

Kiefner

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Trading is not the easiest thing to do. Especially altcoin trading. I think it's best to start with bitcoin. This will bring more benefit and profit.

cytpoway121

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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 wouldn't say it is not successful as long as you can find a good entry point.
There are several traders who use the strategy of buying low and selling hight.

But to do that, you need to do your own research, select the coins, make the proper shot, get in the trade earlier.
Avoid buying the bottom price of altcoins.

shinratensei_

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Quote from: [email protected] on February 28, 2020, 05:14:28 PM

If you do this thoughtlessly, then of course it will not make a profit. It is possible to trade successfully. The main thing is to have some knowledge of technical analysis and the market.

The knowledge about the market can be used to determine how deep the bottom level of the altcoin. The problem is if people are taking it randomly and this strategy will not bring a successful trade. Im even doing very deep research to determine how deep the bottom level that can be achieved by the coin. This is a really difficult task as when you are getting too late for a few seconds and the market will always get bump again after that. This is not something that can be done easily.

letyouearn

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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

So what is your strategy then, lol?

Buying high, selling low?

I think the main mistake is trying to buy the deepest dip and to sell the highest high. If you are not trying to do this, it's usually ok.

sayaya17

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Trading does seem like an easy, buy at a low price and sell it when it rises. Sometimes this saying is indeed profitable if the market can be predicted, but when the market fluctuates any prediction is not one hundred percent accurate. We must be patient in trading and continue to carry out other strategies.

[email protected]

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If you do this thoughtlessly, then of course it will not make a profit. It is possible to trade successfully. The main thing is to have some knowledge of technical analysis and the market.

serjent05

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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 see on of your problem here and that is patience and lack of information with regards your holding. As a trader, it is really hard to implement buying low and selling high if we lack the patience to wait for the right time to sell. Aside from that, for the method to be effective, we need to have enough knowledge about the stuff we are buying and know when the entry and exit point is.

Pecunia non olet

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Yes, the problem is that you can't exactly predict the trend, you can only reduce the risk. Many newcommers think that they can do it, that they can buy the dip and sell the high, the problem is that they still think that situation gets better and they are waiting and waiting and at the end they do not buy anything, in most cases they miss the best opportunity to buy cheap cryptocurrencies.

10BTCaDay

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Quote from: fuer44 on February 28, 2020, 09:19:34 AM

yes that's the crypto market, up and down and difficult to predict. sometimes it's down but a few weeks or even months later it hasn't gone up significantly. or it could also be the opposite. but in my opinion that's precisely what makes trading and crypto investment more challenging and with the opportunity of market fluctuations, there is an opportunity to get very much profit or even a big loss.

in the last 2 years, people receive only losses. Well, maybe professionals in their field make a profit, but for this, you need to understand the cryptocurrency market and trading very well. the last months have brought a little profit, but the last 3 days returned everything on their places

fuer44

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yes that's the crypto market, up and down and difficult to predict. sometimes it's down but a few weeks or even months later it hasn't gone up significantly. or it could also be the opposite. but in my opinion that's precisely what makes trading and crypto investment more challenging and with the opportunity of market fluctuations, there is an opportunity to get very much profit or even a big loss.

SaidNurs

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That is one strategy for trading, the main key is the fluctuating activity of market prices. If the key is not used you can profit, but it is better to always update the market price so you can minimize the risks faced later.

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Quote from: Natalim on February 28, 2020, 08:05:33 AM

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

.I quit buying low selling high for now

Then you will not succeed as a trader.

Man, that is a very effective strategy, the only problem is that you don't do it at the right timing.
It's easy to say that we buy at dip and sell at peak or sell high but in reality, it will take time and experience to master and make the right analysis.

I suggest you evaluate your strategy, don't quit.
By looking at the thread title and not reading your experience, it could be assume that this thread is senseless.

its very difficult to determine which is valid low , every one have different way to set their low. as you said above, it will take long time and experience to have best result in analizing low and high.
trading journey should not finished when we make mistake and failed in this strategy, we still have alot of time to improve our skill. this market really provide us many opportunity to earn money and we have to keep our spirit to learn everything.

Natalim

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

.I quit buying low selling high for now

Then you will not succeed as a trader.

Man, that is a very effective strategy, the only problem is that you don't do it at the right timing.
It's easy to say that we buy at dip and sell at peak or sell high but in reality, it will take time and experience to master and make the right analysis.

I suggest you evaluate your strategy, don't quit.
By looking at the thread title and not reading your experience, it could be assume that this thread is senseless.

nutriagrigia

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Quote from: vermigerous on February 28, 2020, 05:15:14 AM

Yes it's true that not all the time that buying low and selling high successful, sometimes we stack from behind and what we buy for a low cost would definitely be lower in the long run which gives us no profit.

I've already come across this technique many times. And what happened yesterday was also another trick. Yesterday I bought Bitcoin for 8800 when it fell by almost $ 1,000, but today we see 8400 and most likely it will cost 8,200. This is a problem. I lost a lot of money

thiscomm

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in my opinion it all depends on our speed and accuracy when reading the market and deciding to take action. when the market goes down we should make a purchase then it would be nice to save it for some time, because when we save we can continue to monitor market prices to make sure when is the best time to sell it. appreciate the benefits even though it's small.

JeotQ

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Buying altcoin dips carry the most risk because they can easily fall further but it's not entirely true with Bitcoin, there are chances that Bitcoin can fall further after buying your so called 'bottom' but bitcoin will always recover

Topic: Buying low selling high ain't always successful - page 8. (Read 1249 times)