How Do you Handle a Downtrend as a day trader?

udidrone

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Quote from: deonyx on May 28, 2018, 10:02:10 AM

I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?

So it means you trade your profit with capital and not cash out it first, i think capital don't need to increased by profit so we still can use our profit for something else. If we keep use our profit to trading with capital, when loss it will be wasting time only

jrrsparkles

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Quote from: deonyx on May 28, 2018, 10:02:10 AM

I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?

In day trading the loss is inevitable,you also need to faces if you are engaging it daily terms but the loss can be minimized by holding the coin for longer term or just exchanging the coin shich is doing good on that particular day maybe some altcoins will go creazy for a while so pick them and buy and sell it in short term them move to USDT or BTC for making profits.

coin_1122

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Quote from: iASIC on September 30, 2018, 11:26:43 PM

Quote from: deonyx on May 28, 2018, 10:02:10 AM

I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?

It is to put a stop loss when you go to bed or have unexpected work. That is important, but there are no such functions in some trading platforms. Only Binance and Bitfinex have that functionality. You should only place orders to prevent losses in a reasonable way to avoid the market down slightly but you sell all your coins.

You are right, many people who are in crypto still don't use these feature and that's why many people are losing their value in the market. We have to be very careful in the market because we don't know when the market starts going down but when the market is kept increasing we don't face any problems.

iASIC

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Quote from: deonyx on May 28, 2018, 10:02:10 AM

I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?

It is to put a stop loss when you go to bed or have unexpected work. That is important, but there are no such functions in some trading platforms. Only Binance and Bitfinex have that functionality. You should only place orders to prevent losses in a reasonable way to avoid the market down slightly but you sell all your coins.

darthmaul

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Always told people like you who keep thinking that downtrend is something that can hamper the trades really. Well that doesnt matter at all mate if you are going to perform the trading on shorter period of time. There is always some ups and downs within that downtrend. Dont look at the big picture at all, look at the current market, the very last minute to last hour of 24 hours! Checkout the signals and you will see how they go up and down within that period even when it is down in the price. It doesnt matter if the BTC has dropped from 20K USD to 7K USD today as you can still see that BTC is moving up and down with prices like 7.2K USD or 6.6K USD in the meantime of its downtrend. You see it make sense and you can apply same strategy to others too.

wahyu wida

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Quote from: manggis97 on September 30, 2018, 08:00:28 PM

When the bull market coming and the price of many crypto already going up multiple times like 10 to 50 times is better withdraw 50% of that and move to others asset that has risk lower, do not greedy and FOMO because there are always peak price and the price will be change to down trend.

right, don't be greedy for profit. when prices have decreased, i used to do it looking for a good position to buy. and buy gradually, so that if there is a decline again, i can buy it again

manggis97

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When the bull market coming and the price of many crypto already going up multiple times like 10 to 50 times is better withdraw 50% of that and move to others asset that has risk lower, do not greedy and FOMO because there are always peak price and the price will be change to down trend.

eaglewhite80

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Quote from: mornabo on September 30, 2018, 10:16:13 AM

Quote from: Sanchezino40 on September 16, 2018, 09:46:53 AM

Every downtrend is very disturbing. Most times, you see your profit going down and you can't do anything about it. There are different methods of handling downtrend of a trade. Calculate very well and know what to do. Most times I exit the trade early and rebuy at dip.

The important thing is to do analysis and research first, if you see the potential price to go back down then you can
sell it and rebuy at a lower price, if you see prices going up soon then hold it and buy more

Even with analysis and research, you just have to understand that in a downtrend, the market is prone to moving down faster than up and you always want to keep your stop loss active while having a good strategy when it comes to taking profit without the mindset of expecting something much in profit per every trade. Most traders tend to find a clear signal before even attempting to trade during downtrend, but the most important thing is to find a strategy that works fine for you.

mornabo

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Quote from: Sanchezino40 on September 16, 2018, 09:46:53 AM

Every downtrend is very disturbing. Most times, you see your profit going down and you can't do anything about it. There are different methods of handling downtrend of a trade. Calculate very well and know what to do. Most times I exit the trade early and rebuy at dip.

The important thing is to do analysis and research first, if you see the potential price to go back down then you can
sell it and rebuy at a lower price, if you see prices going up soon then hold it and buy more

Wexnident

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Quote from: sedahan13 on September 26, 2018, 09:23:37 PM

If there are indication the market reversal from bullish to bearish, i have to sell al digital asset and wait for oversold to buy back. But range from bullish to bearish is long times , so to make money in this down trend there others option to make profit, like margin trading on the CFDs or futures crypto trading by short/sell the price.

Well you should handle your emotion on every market's situation don't be too excited when prices goes up and not to worried when market is down. As for me, i just ride the wave of the market to avoid a big loss. Downtrend is a great opportunity to buy more coins in the market since prices are quite low than usual, by that, there is a big chance of getting a big return.

qiwoman2

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I am not very good trading with a falling knife, so best in this scenario is to wait and see if a bottom has been established before entering a trade. When you see a new bottom, then that's the best time to come into a trade and see what type of trade you want to do. Also, arbitrage might be a good solid trade when there is chaos in the markets, as they usually form in different exchanges, different prices, which are good trades as you are guaranteed to come out a winner through arbitrage. I don't often get a chance to arb but when I do I really like those winning trades and try my best to execute them when I possible can that is.

Gwapoman

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Quote from: deonyx on May 28, 2018, 10:02:10 AM

I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?

I usually stay with BTC and stop trading til I spot a market recovery..and if Im in my risky mood i do trades with tether too.

I also check the average weekly price of an alts and do some small buy backs whenever the alts im watching fell 5 to 10%..It'll help accumulate small amount of alts over time.

sedahan13

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If there are indication the market reversal from bullish to bearish, i have to sell al digital asset and wait for oversold to buy back. But range from bullish to bearish is long times , so to make money in this down trend there others option to make profit, like margin trading on the CFDs or futures crypto trading by short/sell the price.

Sanchezino40

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Every downtrend is very disturbing. Most times, you see your profit going down and you can't do anything about it. There are different methods of handling downtrend of a trade. Calculate very well and know what to do. Most times I exit the trade early and rebuy at dip.

Rainbow009

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As a trader always k own how to explore you options, for quick flipping, you need a currency with wide fluctuations.
When the market is all down, you can switch to arbitrage trading and make profits from discrepancies in prices of an asset on various exchanges.

Ekaterina Stalin

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I spent most of my time on the bounty. For me, when the market is going down quickly, I will convert all the altcoins into USDT, which I think will make my property safer!

Zipposs

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You can start checking out these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-2% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!

apityeh71

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Trade on downtrend is hard to earn profit and possible we are in loss. When downtrend the total market cap of crypto is decreased alot and that mean many trader and investor out from the market. In this situation look better to move money in to others asset while waiting deepest price of crypto and bull market back.

fasdorcas

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Quote from: karungbitcoin on September 11, 2018, 03:59:28 AM

Although crypto market on bearish but there are also some altcoin going up ranging from 10% to 30% aday , so we still opportunity to make some profit. But this is will be more difficult to get it because only some of crypto going up and so many going down. And to avoid loss we should be keep some balance in to fiat or USDT , and we can use it again to buy coins after the price on the bottom. Patient waiting for bottomed price will be promising big profit because when the price on the deep is more easy to push up to 100% just in afew days.

There will always be an opportunity for every point of the market; it is just the knowledge to take advantage of those opportunities that virtually most people who want to trade does not have. A market will always reach an oversold state at some point and always tend to come with some little bit of correction or small level of reversal in between, so for someone who knows what they are doing, this can always be taken advantage of but like I said, it certainly requires great deal of knowledge and experience to trade a bear market.

Kiweikoo

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Quote from: berrygood on September 11, 2018, 04:42:50 AM

Handling this downtrend of altcoins is nearly impossible because this is not like ordinary fall or crash but like end of altcoins, they simple go to zero how can we handle it with little loss Roll Eyes

don't know.

Altcoins are extremely volatile in nature and even if you want to trade their bear trend, you really want to be careful. The altcoin market is the most manipulated of all, and even in some smaller volume trade, they can easily be manipulated into a pump and dump scenario and you really do not want to be day trading such.

I always believe that the best time you can enjoy trading an altcoin is in an uptrend, and with this you can make very good profit from the fluctuations and the higher highs and higher lows, but for a downtrend, you really want to just stay out of it.

Topic: How Do you Handle a Downtrend as a day trader? (Read 464 times)