confidence or loss - page 3. | Bitcointalksearch.org

paxmao

legendary

Activity: 2254

Merit: 1591

Do not die for Putin

Quote from: wawo on January 10, 2018, 01:25:36 AM

how to establish confidence in buying and selling altcoin because when looking at the price down and immediately want to sell even loss

If you work short term, taking a 10% loss is an everyday thing. But at the moment is quite difficult to go wrong in this inflated market where money is flowing to both good and bad projects.

There are many good sources of trading education out there. Not get rich schemes, but real trading courses that will teach you at least the basics to answer your question on case by case basis.

Laga08

member

Activity: 420

Merit: 10

If you are too emotional, you have no place in trading. Understand the main thing until you sell a coin that went down, you lost nothing. Hold!

Fria

member

Activity: 182

Merit: 40

Quote from: sparg on January 10, 2018, 02:54:40 AM

This isn`t about confidence, it`d about basic trading rules.... never sell in loss, buy low sell hy.
If you dont have the patience to do trading you will have a hard time because you will loose money.

That's the good point. If the coin that you invested dropped then the you can do is wait until it pumps and sell if you are confident enough and you earned then try to buy when it drops back.
Cryptocurrency Trading like ancient way of trading is buy low sell high style and most of people do the same in order to earn more profit.

Fria

member

Activity: 182

Merit: 40

Quote from: gdmbd_x on January 10, 2018, 07:23:46 AM

If you're not confident about anything that you are selling or achieving then you'll probably ended up with a loss. So i definitely would chose confident over loss.

Indeed, before investing try to search about the coin, their developers, staff team, media, community and other resources and most of all the price value history which can be seen in coinmarketcap.com.
Secondly, you must invest an amount that tolerable to lose because you can't sleep when you lose a lot of money like you lost in gambling.

Fria

member

Activity: 182

Merit: 40

Quote from: wawo on January 10, 2018, 01:25:36 AM

how to establish confidence in buying and selling altcoin because when looking at the price down and immediately want to sell even loss

You don't have to do that because in Cryptocurrency most of the coins that dumped all pump back higher than you bid so you don't lose anything but time for waiting.
Before you invest an Altcoin make sure you're confident in losing the amount because not all coins are rising up, and most of them will take a lot of time to recover.

Azzhan

member

Activity: 210

Merit: 10

A good trading strategy is the right way to make money, and when prices go crazy, you should gradually sell some tokens, which is the right way to do it. If you want to hold it for a long time, you just need to put it in your local wallet and then delete all the relevant software.

gdmbd_x

newbie

Activity: 8

Merit: 0

If you're not confident about anything that you are selling or achieving then you'll probably ended up with a loss. So i definitely would chose confident over loss.

saif.shaikha

member

Activity: 106

Merit: 10

"The Best ICO with Best ROI:: Cube"

Crypto markets are extremely volatile and can have huge up and down on any given day. In order to save myself from panic selling and buying, I try to follow the strategy of taking time for understanding the coin before investing. Once I put money on the coin, I keep it till the time I achieve my target. Remember that if the project is good it will bounceback again. Also investing only the amount you can afford to lose will allow you to hold when the value goes down.

phelbaby

member

Activity: 434

Merit: 10

Patient and confidence work together,if you are not confident in altcoins than you will sell at any cost especially when you have no good orientations on cryptocurrency. When you notice the prize going down or deprecating you will panic and sell,altcoins need patient and confident.Hold and be confident you will not run at loss.

uylvlprx

newbie

Activity: 66

Merit: 0

Quote from: wawo on January 10, 2018, 01:25:36 AM

how to establish confidence in buying and selling altcoin because when looking at the price down and immediately want to sell even loss

Try to maintain a normal state of mind, ups and downs is normal.

Nitnit13

newbie

Activity: 126

Merit: 0

this informartion is important for newbie like me, how to read situation when i want to buy or sell coin

Queen12

member

Activity: 182

Merit: 10

Open and Transparent Science Powered By Blockchain

Quote from: wawo on January 10, 2018, 01:25:36 AM

how to establish confidence in buying and selling altcoin because when looking at the price down and immediately want to sell even loss

If you want to build faith, you need to know the white paper and technical route of the project, so you can hold altcoin.

olubams

hero member

Activity: 798

Merit: 503

Quote from: wawo on January 10, 2018, 01:25:36 AM

how to establish confidence in buying and selling altcoin because when looking at the price down and immediately want to sell even loss

Then you are not ready to engage in Alt trading especially if its the coins that are rarely know because those kind of coins you are not sure of what will happen next. But trading is not for the soft minded but intelligent ones. Its a risk sometimes you benefit from it, at other times you fail from such. But the way out is to establish a stop point where if price should fall below, take a decision without second guessing yourself whether you made the right decision or not. Sometimes you win, at other times, you lose.

VackFromOhm

full member

Activity: 234

Merit: 100

It's turtles all the way down!

It just takes practice, start with smaller amounts and trading high volume coins and you're going to start understanding how and when to trade. It really just takes time for you to figure out how the trends of the market go, and it's not an exact science. Try reading through trading threads and seeing what people are thinking, that will ultimately help you get into the mind of master traders.

alian17

full member

Activity: 448

Merit: 100

I think you still need to build information. In addition, you have to have a full understanding of the projects you have held. If you have confidence in the project, hold it.

sparg

full member

Activity: 280

Merit: 110

This isn`t about confidence, it`d about basic trading rules.... never sell in loss, buy low sell hy.
If you dont have the patience to do trading you will have a hard time because you will loose money.

maxj57634

full member

Activity: 168

Merit: 100

Quote from: wawo on January 10, 2018, 01:25:36 AM

how to establish confidence in buying and selling altcoin because when looking at the price down and immediately want to sell even loss

Having a loss will always be a part on your trading journey, the first loss is hard to overcome and might destroy your confidence doing another trade but everyone has its share of losing in trading.

You just have to think positively when doing trade and dont think about the price drop, eventually as you do more trade you gain experience and your confidence will built up a long the way.

wawo

newbie

Activity: 46

Merit: 0

Quote from: blacktajin on January 10, 2018, 02:36:27 AM

In trading it is good to have confidence but always remember that,the trend is your friend.Always don't try to trade against trend.if you do not control your emotion then you will be loss all your amount.

thank you need to further learn to read chart

wawo

newbie

Activity: 46

Merit: 0

Quote from: Malbaunti on January 10, 2018, 02:36:21 AM

Emotions have no place in trading, carefully choose the entry point into the market. Remember until not sold the coin you not received loss.

thank you keep away from the selling button if the price goes down

wawo

newbie

Activity: 46

Merit: 0

Quote from: PanGiMoon on January 10, 2018, 02:27:05 AM

Quote from: wawo on January 10, 2018, 01:25:36 AM

how to establish confidence in buying and selling altcoin because when looking at the price down and immediately want to sell even loss

The border is very thin between these events and no one will tell you finally what to do at the moment. It is necessary to have a lot of experience and a subtle sense and a little to understand how it will change after this event. So there are a lot of factors to make a decision.

thanks his advice sir very helpful

Topic: confidence or loss - page 3. (Read 448 times)