Help in Trading - page 5. | Bitcointalksearch.org

cryptoangel

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Quote from: worldtraveller321 on November 29, 2019, 08:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

The current market is hard to predict the further hype, so you want to secure your investment you must fix the 0.1 percentage below trade. Because once it will go down automatically it will move to the stable platform. USD is always supporting to your further trading so you must active and concentrate the crypto market, you never loose the money on crypto trading.

Apened

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Quote from: worldtraveller321 on November 29, 2019, 08:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

The only reason for this is you might be selling and buyiing BTC/USD vice versa in a low spread or something like a $100 difference and if you are using small amount your profit might be only for the fees to be paid in the platform . But for example you buy bitcoin at 6500 then sell in 7k+ USD i'm sure you will going to feel your profits. Make sure that when you trade you calculated the possible profit entries and exits for you to earn and not just stressing yourself putting in a much higher risk trade with a very small profit.

Shasha80

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There is nothing wrong with the strategy that you do with trading on the pair BTC / USD. Maybe you do not pay attention to details price
when buying or selling. So only see green and red candlesticks. For example you buy bitcoin when the price is $ 7400 that time the
candlestick was red because the previous price was $ 7700, then the price dropped again to $ 7100 the candlestick position was still red.
Not long bitcoin price went up to $ 7200 the candlestick turns green and you sell it. Obviously you will loss even though the candlestick
is green, because when buying at $ 7400, and selling at $ 7200 is clearly a loss even though the position candlestick is green. So don't
be stunned to only see the candlestick, but also compare the price when you buy or sell it. Trading is easy, but it takes precision. Hopefully
this brief explanation can be understood.

nicolas1979

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Maybe you take the wrong coin, replace at the wrong time and change open position ( OP ) before reach your limit. Many mistakes trader can do but I believe you can try to find by your self. Only you can evaluate your strategy and I hope you will find it. Never give up and good luck to you.

bandungan

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You need to do a careful calculation before you trade. even if you change to USD or other. but if market conditions decline it will also not change your profits. so I think trading also requires a long process

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: worldtraveller321 on November 29, 2019, 08:04:59 PM

Still seems i am not earning.

You will gain a profit when you sell at the price higher than the price you bought bitcoin at, using fiat.

Quote

numbers keep going down.

Which numbers? The coin prices? Those are not withing your control. To be on the safer side buy at the dip when the dip is around the next support level as far as known from previous price charts.

Quote

what am i doing wrong? suggestions please?

Have you tried maintaining an excel sheet to keep track of your buying points and the point of selling? It is not necessary to keep only one set of coins as buying/selling capital. If you buy at a dip and then the price goes down even more, reallocate another capital to buy the next dip, but with caution. Keep track of all these capitals to be able to monitor your gains.

Karmakid

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If you want to secure your profits then you should not based on the color of the price movement. You should learn how to identify the support and resistance and always remember that the support is for buying and resistance is selling. Once you identify those points then you should set your take profit and stop loss in order to make sure that you will really lock in your profits and also lessen the potential loss.

maydna

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Quote from: worldtraveller321 on November 30, 2019, 03:25:02 PM

would the fees be lower doing a BTC to USDT every time?

The fees will be the same every time you trade btc to usdt, and as long as you can make a profit, you don't have to think about the fees because the amount of the fee will not too big depend on your profit.

Quote from: worldtraveller321 on November 30, 2019, 04:49:33 PM

that is what i been doing. ok then i need some advice on how to trade properly
please send to the links that give me an example

You should search for yourself so you can find what you want and need because if we give some examples or links, perhaps that will not satisfy you. But you can use the keyword like "how to trade cryptocurrency" on youtube so you can find so many useful videos or tutorials that will teach you about trading. After you watch some videos, you should practice what you learn so you can improve your skills to better and that can help you to make a profit.

johnwhitestar

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I think trading Fiat/BTC is really hard, but the good new is that the long term BTC trend has been always very positive.
For those who believe in BTC it may make more sense a long term hodling than one day struggle.
If not I'd advise you to learn trading on smaller coins where you have often time to think the things over because the big whales are not there.

Negotiation

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Quote from: worldtraveller321 on November 30, 2019, 04:49:33 PM

that is what i been doing. ok then i need some advice on how to trade properly
please send to the links that give me an example

It is not possible short time you can try the learn 3-6 month randomly group, blog, youtube video and advice first time a open demo trade after real trade otherwise you lost money, you can want short time learn and profit high this so bad division.

Maslate

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Quote from: Oasisman on November 30, 2019, 05:07:03 PM

Are you doing that everytime? Because the conversion fee might kill your profit since local exchanges has high conversion fee.The kind of strategy your suggesting is a hodlers/long term trader's strategy. Converting only if the gains is more than 50%.

Quote from: worldtraveller321 on November 30, 2019, 04:49:33 PM

that is what i been doing. ok then i need some advice on how to trade properly
please send to the links that give me an example

You can find a lot of trading tutorials in YouTube. You will only need to learn the basics, and experience will help you make become better in this field.

Yes. Start trading with its basics and then learn also its technical sides. Trading will be more profitable if you know how to analyze the price movement in the market and you will trace when is the best time to trade and when will you take a rest. But at the dips and trade only when you see good signs to trade.

Oasisman

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Are you doing that everytime? Because the conversion fee might kill your profit since local exchanges has high conversion fee.The kind of strategy your suggesting is a hodlers/long term trader's strategy. Converting only if the gains is more than 50%.

Quote from: worldtraveller321 on November 30, 2019, 04:49:33 PM

that is what i been doing. ok then i need some advice on how to trade properly
please send to the links that give me an example

You can find a lot of trading tutorials in YouTube. You will only need to learn the basics, and experience will help you make become better in this field.

worldtraveller321

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The Quest of the Best Information to the Solution

that is what i been doing. ok then i need some advice on how to trade properly
please send to the links that give me an example

teosanru

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Quote from: worldtraveller321 on November 29, 2019, 08:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

What do you just mean by seeing green or red please elaborate? If what you are saying is that you buy when you see market is green and sell when you see market is red you have been doing this in an all together wrong manner. This isn't how you trade I bet you would lose a lot with it. Just by determining past result of one day you can't just buy or sell. If this is what you mean you are doing better stop it or you will be burnt hard forget about earning. If you mean something else I would love to listen.

worldtraveller321

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would the fees be lower doing a BTC to USDT every time?

beerlover

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Quote from: worldtraveller321 on November 29, 2019, 08:04:59 PM

I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

What is green or red here whereas you must need to trade based on numbers (like you must sell higher than your buying prices) and just on color? I understand you mean by these color as market trends? Still, trends is just an indication about where the market is heading and selling in up or down market will not fetch you profits when your bought prices is still lower than current market prices.

Trading BTC against fiats is much easier way of making profits in the manner like how you are doing. Buying BTC and then waiting for trends to change and then selling could be possible only for the traders who are able to hold down their nerves. Most traders are not having that patience and rushing to see profits but book losses at most of the times.

Quidat

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Quote from: nydiacaskey01 on November 30, 2019, 01:06:16 AM

Quote from: worldtraveller321 on November 29, 2019, 08:04:59 PM

I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD

Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please?

I dont see anything wrong with your strategy, I am also doing the same strategy with my BTC, to lock my profits when I see that price is going down, I convert to USD, then buy more when it hits the bottom. Maybe whats happening to you is you are not patient to wait for the price to go up again.

Theres nothing wrong with the strategy the only what matters here is on the time he do secure out his btc to fiat and going fiat to btc. We know that
fees does always matter on each transaction.If you do enter and exit out on very minimal margins or gains then expect that you wont gain nothing
since you would need to pay up for the fee each time.

For op, you should consider on having the patience on waiting up for more further when you do switch from fiat to btc.

electronicash

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accumulate BTC by buying low and selling high which is also the same as accumulating USDT. BTC fluctuates good which can be perfect whe nyou know when to buy and when to sell, learning all these is not easy and this is why i seldom do it too. if you are to do it, you have to check several charts to confirm trends from weekly, daily, 4hour, 1hour, 39mins and 15mins in order to do the day trading. its not just learning the indicators in particular time frame. but even after all these, all you still have is speculation.

worldtraveller321

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What would be good exchange to use. That has stable coins on it. For trading ? should i use Binance?

ReiMomo

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Diverting to stable coin from a volatile coin when the market is going down is a good decision to cut your losses or stop your lose if ever. You are right and nothing's wrong with that. You must know how tradings work and the perfect timing as well. It's unpredictable the market movement but if you know the right timing probably you can minimize your lose.

Topic: Help in Trading - page 5. (Read 1303 times)