I got one which i think most traders forget or the new ones do not know.
If you are trading crypto to crypto then do not try to convert it to USD. Just keep on looking at the number of crypto you are gaining or losing.
We tend to forget that because we are looking mostly at the price of bitcoin and ethereum converted to dollars.
I hope it helps.
Topic: Do's for trade in recent downtrend??? - page 4. (Read 387 times)
These are just part of what that have been said many times here in this forum but yet many traders believe that they are just words. Anyone that just jump into cryptocurrency trading without knowing the basic common rules, will end up jumping back out with an empty pocket. Trading sometimes can be complicated, it takes a patient trader to hit his/her first good profit.
It takes time and decent knowledge to earn your profit in the recent downtrends, it also includes how much luck do you have. I only trade 2 kinds of coins well that's easy to track and find opportunities with just a few coins to trade. At this kind of time, we must stay focused and calm, be cool and decide whether it is the time to let loose or pursue if you can still earn. Greed can sometimes give us very large amount of profit, but making sure that we lose less than we win more is better way.
We all know that we must not panic once there's a downtrend. If you can't handle your emotions, then avoid looking at the charts frequently when you see red. A good trader once gave advise to "go shopping" for cheap coins when there's a downtrend because it would be like a sale in a mall. Once the price goes up after the downtrend occurs, you would be able to gain good profit.
I think a good trader always have a good strategy to trade himself to apply. I do trade for not so long time. I got a lot of experience I think. I have passed many times on the market. so I want to say few step on this downtrend market and let me know your experience as well please..
* Keep patience. don't get panicked.
Let me share all your important experience and ideas please
* Keep patience. don't get panicked.
Let me share all your important experience and ideas please
This has been stated a lot of times and it just differs in words. It is already known that greed won't lead you to your succession to trade in a profitable price. Those stupid panickers will stay panicking unless they get educated on how the price really works and on how unstable really it is because they might
misinterpret is instability to be just a while and seasonal which isn't really the case out of all these price movements.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
Yes. Buy, buy, buy and sell like aim and fire. The more you aim, the more you can hit your maximum or top margin in trades. Never stay in your comfort zone of just buying what you want rather than need.
The most important thing while in a down trending market is to keep your head high and continue to show faith in your investment (given that its worth the faith). The altcoin market cannot bleed for long and the green days are always bound to come sooner or later. Getting carried away by unnecessary and baseless FUD could be the nail in the coffin, leading to a panic selling scenario.
* Keep patience. don't get panicked.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
* Try to understand the technical analysis. where the support level is.
* Don't sell your coin on loss. Try to hold just wait for a move.
* Crypto is always a magic so please be patience it will move up on uptrend after all FUD.
Let me share all your important experience and ideas please
Good to see that you have some idea about this downtrend market. I always say that a good trader must have patience. so I don't sell my any coin on loss. You were saying support level but I wanna add something, actually support level is so good for short time trading as I thing. on the other hand strong support level always work fine to move the market. So at the end don't sell any coin on loss try to get minimum profit.
I think a good trader always have a good strategy to trade himself to apply. I do trade for not so long time. I got a lot of experience I think. I have passed many times on the market. so I want to say few step on this downtrend market and let me know your experience as well please..
* Keep patience. don't get panicked.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
* Try to understand the technical analysis. where the support level is.
* Don't sell your coin on loss. Try to hold just wait for a move.
* Crypto is always a magic so please be patience it will move up on uptrend after all FUD.
Let me share all your important experience and ideas please
* Keep patience. don't get panicked.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
* Try to understand the technical analysis. where the support level is.
* Don't sell your coin on loss. Try to hold just wait for a move.
* Crypto is always a magic so please be patience it will move up on uptrend after all FUD.
Let me share all your important experience and ideas please
Just some of my thoughts. Trying to buy dips in a downtrend and hoping for a bounce at support is really really tough, it's much easier to do in bull markets, a better strategy is to sell and buy back which ties in to my next point. You can sell your coins at a loss if there is a better opportunity in another coin or you aim to buy them back later at a lower price.
I'm holding all of my token and waiting to the market recovered its position.
1. Do not be panic.2. Have patience and confidence.
3. Buy more to average price.
4. Keep rigorous look into the coin market
Some positive stuff here, I like it. At least such threads will keep us away from the distraction of selling due to fud new bits somehow I feel that it's all about the personal approaches towards the trades.
In downtrend I also suggest that it is far better to save these FUD news and stuff for weak hands but rest of the people must hold their assets as it is.
What would be smart move?
- Off course in the downtrend one must buy more coins
- One must hold and don't even think about selling a bit.
In downtrend I also suggest that it is far better to save these FUD news and stuff for weak hands but rest of the people must hold their assets as it is.
What would be smart move?
- Off course in the downtrend one must buy more coins
- One must hold and don't even think about selling a bit.
I think a good trader always have a good strategy to trade himself to apply. I do trade for not so long time. I got a lot of experience I think. I have passed many times on the market. so I want to say few step on this downtrend market and let me know your experience as well please..
* Keep patience. don't get panicked.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
* Try to understand the technical analysis. where the support level is.
* Don't sell your coin on loss. Try to hold just wait for a move.
* Crypto is always a magic so please be patience it will move up on uptrend after all FUD.
Let me share all your important experience and ideas please
Patient is the most important trading strategy you can used now. Many traders are too panic to hold they coins especially when the market is moving against they position with spend. I have seeing were traders buy bitcoin at $10,000 and sell at lose at $7,500 and they have repeated this several time. * Keep patience. don't get panicked.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
* Try to understand the technical analysis. where the support level is.
* Don't sell your coin on loss. Try to hold just wait for a move.
* Crypto is always a magic so please be patience it will move up on uptrend after all FUD.
Let me share all your important experience and ideas please
I think it's best to continue to hold the current words, if it rises any day, unless you really have difficulties in the economy, otherwise do not sell, according to the current market conditions, I think the dollar will soon warm.
Market timing is very dangerous if you do not have a clear market analysis. Although the downtrend still exists, there are signs of improvement and it will rebound strongly in April and May so at this point you should keep the crypto you have to hold, selling out when the market increased sharply.
I think what you should do is to stay calm, look at market conditions, and then have your own judgments. If you want to continue to fall, sell your currency as soon as possible, if only a small increase or decrease, you Should continue to hold 
The only Do for any time is only invest what you can afford to lose. This way whether its an up trend or down trend it doesn't matters much to you if you believe in the project. Also avoid trading and just hodl your coins, you are likely to make much more in returns that way.
* Don't sell your coin on loss. Try to hold just wait for a move.
terrible advice in a trading discussion board! it is as if you have never heard of stop loss!
you MUST sell your coins at a loss but the important thing is to move fast. the right way of doing it is to sell when you expect a drop to happen or worse case scenario to sell as soon as drop began and you reached your stop loss limit. then you buy back at the bottom if you still wanted to be involved.
what you shouldn't be doing however is to sell at the bottom when it is already too late. that is the wrong move.
I think it's best to continue to hold the current words, if it rises any day, unless you really have difficulties in the economy, otherwise do not sell, according to the current market conditions, I think the dollar will soon warm.
I will choose to continue holding. If I sell it now, then my money will suffer. And I think it will go up in the near future and I am very optimistic about it so I will not sell it.
no choice mate 'cause it's a big lose if we sell on this circumstances. But the fact always happened which the price will grow again after it plunges due to some buyers that keep buying when the price goes to deeper price .so much better to buy more now if we still have enough money that not needed on this moment which is while the price is dumping to multiply our profits or to cover losses when the growth rate climb again. I will choose to continue holding. If I sell it now, then my money will suffer. And I think it will go up in the near future and I am very optimistic about it so I will not sell it.
If you got some extra money then you can try to average down your buy prices because your optimistic about your coins so can start buying some more. I usually do same when markets go up then can recover back my losses faster.
I'm holding all of my token and waiting to the market recovered its position.
I will choose to continue holding. If I sell it now, then my money will suffer. And I think it will go up in the near future and I am very optimistic about it so I will not sell it.
Jump to: