How Do you Handle a Downtrend as a day trader? - page 3.

RasicaOla12

newbie

Activity: 140

Merit: 0

Quote from: deonyx on May 28, 2018, 11:02:10 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?

This is the bearish wave that occurred after the market rallied before and many stocks in the market witnessed a steep decline lasting several months.During the Downtrend, there will always be waves called Downtrend.

Chris!

legendary

Activity: 1382

Merit: 1122

Shorting. Look it up. I wouldn't suggest it for the long term.

roshanfious

member

Activity: 263

Merit: 10

Don't put all eggs same place and 6 days win more than 1 days closed. And must know stop point, it's mean sell all when signal you see downtrend long time.

bettercrypto

sr. member

Activity: 1372

Merit: 269

★Bitvest.io★ Play Plinko or Invest!

It is hard for a day trader to manage downtrend line specially, when Bitcoin market dumps too much. When there is a downtrend, I usually hold and wait till the current change. It is good to become day trader if the prices are pumping but I thing we cannot earn much if there is a bear market.

deonyx

jr. member

Activity: 122

Merit: 2

Thanks to you guys for your replies, I will try to up my game in my trade, though at the moment the market seems very hard to pull through cos even technical analysis doesn't seem to be working because all the signals and predictions for BTC didn't match in reality, it still looks a kind of scary to dive into so maybe I will just be watching it for now and keep my portfolio for a long term trading till when I will be able to swing trade and make profit again.

DaMut

sr. member

Activity: 1274

Merit: 263

If you are trying to handle it,everything that you need to know is its phase.where are we at right now ? and how far it will goes down.when we are in a downtrend,we will not see a huge crash directly but instead there will be many phase that we need to pass,for example ;
when we were in $7200,we should break $7000 to create a huge sell off.the price moved down but it did not break that level but instead it bounced.that means that is the time for Bitcoin to get another upward movement and start another attempt in the future.when you're there you can buy some shit from your money and wait a pullback.

Chicryptomama

newbie

Activity: 182

Merit: 0

A lot of altcoins are tied against BTC and it is extremely important to know how to hedge or protect your funds...knowing how to will help you survive in the cryptosphere.... So always try as much as possible to understand the BTC market trend.
Always have like 40-60 percent of your funds in btc so that you can swap your btc to usdt when it is about to enter a downtrend....Also, you can average down your bets.....meaning buying intermittently at every 5-10 percent down that way with a little pump you would have recovered your money quickly.

Sanjida

copper member

Activity: 238

Merit: 0

Hi I am a Jr. member but some days ago I joined in trading and i am not handle downtrend day trader.i try my best but I need all day trader help.

ahoenk

hero member

Activity: 1246

Merit: 502

Day trader usually handle down trend buy averaging trading. Buy 10% of your portofolio and if the market going down again buy 10% more. And when it bounce they sell it at very small profit. Or sometimes people did arbitrage in this down. Arbitrage need more money for starting.

monalia

member

Activity: 685

Merit: 14

Quote from: deonyx on May 28, 2018, 11:02:10 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?

Day traders also affected in current situation but they know how to manage the situation. So some investment is make huge loss and some investment make huge profit so both are possible in crypto investment. If you want to try day trading this is not a time because current scenario is unpredictable

wayancrypto

member

Activity: 462

Merit: 11

When any indicate the market will continue drop, as day trader should be cut loss it as soon as possible and buy back at lower price, but to do this action we need times full times to analysis the price action of crypto, and we should have more knowledge about technical analysis to predict better where the price will to go.

4abrec

full member

Activity: 420

Merit: 103

In fact, if you are actively engaged in trading altcoins, you can be sure that even the downtrend will not scare you. But for this you need to understand what kind of coins you trade.

deonyx

jr. member

Activity: 122

Merit: 2

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?

Topic: How Do you Handle a Downtrend as a day trader? - page 3. (Read 437 times)