Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
If the price is still in a less promising condition stop in investing including appropriate measures to avoid the occurrence of losses because if a trader still insists on continuing investments it is likely that panic will continue to emerge and make them more difficult to earn profits.
Topic: Hello traders - page 4. (Read 601 times)
we are still bearish my dear friend. you bought way too early in my opinion, hold on to your guns though this is going to be a very long trade for you. and you don't need to study TA in my opinion too.
I operate with the rule "Buy in red, sell in green" - that's like a guide word for me. Like already stated. You had made the mistake to buy in bearish time. Now it is for you to keep holding if you don't want to sell in loss. If this is good coin you bought, it will get back up in price and you can then sell. Always gain some knowledge before you venture into trading.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Yep, you should cut your losses quickly and don't hold those coins that are dying. You shouldn't always hold those coins because you may never know if they are going to go back up again.
Did you know on what kind of coins the op hold? What if it have a great potential, I'm sure you will regret if it's going pump. All coins are fall and the best thing to do for now is hold your crypto. And it is up to you if you want to cut your losses.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Trading without good knowledge is the riskiest way of working with cryptocurrencies. Now you haven't many choices, you are in fact forced to wait until the prices of these coins increase a bit so you can sell them without losing, but it will take time most likely.
It is really risky if you are entering in trading that don't have knowledge because there's a big possibility that your money will loss. Hold is better than selling but if you are afraid there's a choices and you may cut the loss.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Yep, you should cut your losses quickly and don't hold those coins that are dying. You shouldn't always hold those coins because you may never know if they are going to go back up again.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Trading without good knowledge is the riskiest way of working with cryptocurrencies. Now you haven't many choices, you are in fact forced to wait until the prices of these coins increase a bit so you can sell them without losing, but it will take time most likely.
There are many traders who would advise you to always use stop loss to avoid being dug in too deep a loss. And it's a sound idea also. But if you're already in then basically it's either you gather huge amounts of patience for holding a longer time or accept your losses
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Trading without good knowledge is the riskiest way of working with cryptocurrencies. Now you haven't many choices, you are in fact forced to wait until the prices of these coins increase a bit so you can sell them without losing, but it will take time most likely.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
You already committed a mistake when you bought coins during bearish times. When I see majority of the coins are in Red, I don't buy anything and I don't sell anything. I'll just start trading when the coast is clear. However when I see 60% are in Red and the remaining coins are in Green I'll start buying but I'll check which one is the biggest loser of them all, I'll list down at least the bottom five and check which one is the lowest volume, check price history for the past 7 days, then use tools like RSI and Parabolic SAR then I'll decide which one to buy. It's just me, its still up to you on what to do with your money.The market should always be some few steps ahead as that is the easiest way to make any trade so as to stay safe and see how patterns eventually unfold, but the idea where some people feel they can just buy low and sell high is what makes them buy low and then the market moving way lower. RSI and Parabolic SAR may even be too much for him, studying divergence on MACD is enough to start with.
A good suggestion dude!! A good trader always have a plan before buying or selling altcoin, again bitcoin price are starting to falling down so most altcoin will next to dump, buying during this dump are good decision especially if you are longterm trader but not good for daytrader it can cause to lose.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
You already committed a mistake when you bought coins during bearish times. When I see majority of the coins are in Red, I don't buy anything and I don't sell anything. I'll just start trading when the coast is clear. However when I see 60% are in Red and the remaining coins are in Green I'll start buying but I'll check which one is the biggest loser of them all, I'll list down at least the bottom five and check which one is the lowest volume, check price history for the past 7 days, then use tools like RSI and Parabolic SAR then I'll decide which one to buy. It's just me, its still up to you on what to do with your money.The market should always be some few steps ahead as that is the easiest way to make any trade so as to stay safe and see how patterns eventually unfold, but the idea where some people feel they can just buy low and sell high is what makes them buy low and then the market moving way lower. RSI and Parabolic SAR may even be too much for him, studying divergence on MACD is enough to start with.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
If you are at very starting and have no money ( not enough money ) in your pocket then it will be better for you to wait for the incoming time when market of that coin get up .And if you have more money then you can invest at dump and can make more profit easily with small up in the price .
And if you cannot do these both the trick , then my suggestion for you is that find out the most dumped and less dumped coin in your invested coin and then sell the less dumped coin and invest in more dumped coin , this trick will 100% give the changes to make sudden profit in small time by 20-30% easily .
And also here another option is available for you is that stop loss , by selling your assets for the USD and buy again when the coin start increase of the price .
We dont know exactly which price will be become the deepest of altcoin, but if you bought in the bottom and the price keep down, no other way just patient wait for next bull run. Because when you bought in the bottom , the price has bigger posibility to going up and bull run because the price on oversold and will be more buyer come in to the market.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
If the price is still in a less promising condition stop in investing including appropriate measures to avoid the occurrence of losses because if a trader still insists on continuing investments it is likely that panic will continue to emerge and make them more difficult to earn profits.
If you have no time for technical analysis etc. you will face lots of difficulties with trading since it requires a lot of time, hodl coins or use trading bots.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Since you do not have the time to trade, do not ever make the mistake of just trying to catch the dip as that would be more like catching a falling knife.It is always best to wait it out and see how the market develops back into an uptrend before even thinking of getting into it. At least, stick with daily time frame, make use of MACD crossovers with divergence and see where that leads you, but do not ever trade without at least having some great level of knowledge to do so.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
lesson learned pal. I suggest next time put more time to make technical analysis before buying coin 'cause it is a big help for you to easily determine which coin is good to hold and it's useful 'cause you can build your own strategy as well on it to prevent some issue. so don't so lazy must ensure first . 
If you don't have time to study bitcoin or others cryptocurrencies I will advise you to trading the market with someone doing the analysis for you. Many software are out there and you can also trade with sites and platforms that makes few minutes of market analysis easy for you. Sites like simplefx and 1FOX makes cryptocurrencies and bitcoin trading analysis for speculators and using them will give you and advantage.
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
buy more or increase your position to lower down your entry price. This strategy is also know as price averaging. But if you dont have enough funds and you think that market will still go lower and lower then it is much better to sell your position and buy again at the bottom or the price creates price reversal
You already committed a mistake when you bought coins during bearish times. When I see majority of the coins are in Red, I don't buy anything and I don't sell anything. I'll just start trading when the coast is clear. However when I see 60% are in Red and the remaining coins are in Green I'll start buying but I'll check which one is the biggest loser of them all, I'll list down at least the bottom five and check which one is the lowest volume, check price history for the past 7 days, then use tools like RSI and Parabolic SAR then I'll decide which one to buy. It's just me, its still up to you on what to do with your money. 
Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Maybe waiting for the market to weaken again becomes a powerful way for traders to continue to have a great opportunity in gaining a profit because they simply hold the asset in a few months and remain optimistic that in the future will experience success.Jump to: