I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.
It is easier to say than to effectively practice what is been said as regards buying low and sell high. In other to answer or clearify the question you are trying to ask I will use this example assuming you buy bitcoin at the rate of $7,000 and you sell it when it's value appreciate to $7,500 you must have made about $500 profit. And you want to buy and hold again then you have to consider whether the current price of $7,500 is the current bottom before you buy else you will lose your money it that is not the real bottom. 
Topic: How do you manage your profits in trading? (Read 18606 times)
Of course, this is a very interesting question and everyone would like to know the right method of managing profits from their activities in cryptocurrency trading. But it seems to me that only real professionals who practically instinctively work and get good results can really answer this question. Today, I use some YouTube channels for more information to improve my trading, but my success is minimized. I already work according to the usual scheme, according to which many beginners study and use scalping as the simplest strategy. But it’s very difficult to answer the question, because I can’t manage my profit, and I hope for luck to a greater extent.
Honestly, managing your trades everyday is really difficult, even for professional traders because minimizing losses gives pressure to others, especially if we are in the middle of the bear market that you are not able to buy low, sell high if the market is really down. I think the best way to manage your trades is you should know first how to control your emotions when the market is down for you not to panic sell and for you to become patient with all of your holdings.
If you are an experienced trader then you will not have a hard time in managing your trades per day. Minimizing losses is also normal for an experienced traders because they know how to set up their trading strategy and execute it in the market. Experienced traders have enough knowledge and experience to ease things up and that is what you should be really focusing on if you want to manage your trades very well.In trading, we have different techniques and styles. However, some of us still prioritize a significant knowledge in trading, we can get a lot of techniques and tips through the internet today, and this is a good source of experience too. Still, I think it is more advisable if you are asking the people who are knowledgeable in trading their answers is more useful because they already experience those trade. You can gain more information to them too and adapt their trading skills to win your trades. In trading, you must also know when is the right time to trade and you know how to read graphs this gives you a hint to get more profit. You know first what coin is suitable to your trade and also you need to know what kind of trading method you will use if you want a daily income go for short term trading but if you have a large amount of profit, but it takes time better to try the long term trading.
Honestly, managing your trades everyday is really difficult, even for professional traders because minimizing losses gives pressure to others, especially if we are in the middle of the bear market that you are not able to buy low, sell high if the market is really down. I think the best way to manage your trades is you should know first how to control your emotions when the market is down for you not to panic sell and for you to become patient with all of your holdings.
If you are an experienced trader then you will not have a hard time in managing your trades per day. Minimizing losses is also normal for an experienced traders because they know how to set up their trading strategy and execute it in the market. Experienced traders have enough knowledge and experience to ease things up and that is what you should be really focusing on if you want to manage your trades very well.
Honestly, managing your trades everyday is really difficult, even for professional traders because minimizing losses gives pressure to others, especially if we are in the middle of the bear market that you are not able to buy low, sell high if the market is really down. I think the best way to manage your trades is you should know first how to control your emotions when the market is down for you not to panic sell and for you to become patient with all of your holdings.
If you are an experienced trader then you will not have a hard time in managing your trades per day. Minimizing losses is also normal for an experienced traders because they know how to set up their trading strategy and execute it in the market. Experienced traders have enough knowledge and experience to ease things up and that is what you should be really focusing on if you want to manage your trades very well.Most of the traders strategy is that they are adding some of it to their capital for them to maximize it and some they will cash out and they will save it, I myself also doing this as I don't want to take risk everything so I am saving some of it so that I can have something to get when I needed fund, we should not gamble everything, our main goal should be to save our profit.
To be sure, the purpose of trading is to make a profit, as soon as possible make a withdrawal into money (fiat) if you already get a pretty good profit.
Honestly, managing your trades everyday is really difficult, even for professional traders because minimizing losses gives pressure to others, especially if we are in the middle of the bear market that you are not able to buy low, sell high if the market is really down. I think the best way to manage your trades is you should know first how to control your emotions when the market is down for you not to panic sell and for you to become patient with all of your holdings.
If you are an experienced trader then you will not have a hard time in managing your trades per day. Minimizing losses is also normal for an experienced traders because they know how to set up their trading strategy and execute it in the market. Experienced traders have enough knowledge and experience to ease things up and that is what you should be really focusing on if you want to manage your trades very well.Most of the traders strategy is that they are adding some of it to their capital for them to maximize it and some they will cash out and they will save it, I myself also doing this as I don't want to take risk everything so I am saving some of it so that I can have something to get when I needed fund, we should not gamble everything, our main goal should be to save our profit.
Honestly, managing your trades everyday is really difficult, even for professional traders because minimizing losses gives pressure to others, especially if we are in the middle of the bear market that you are not able to buy low, sell high if the market is really down. I think the best way to manage your trades is you should know first how to control your emotions when the market is down for you not to panic sell and for you to become patient with all of your holdings.
If you are an experienced trader then you will not have a hard time in managing your trades per day. Minimizing losses is also normal for an experienced traders because they know how to set up their trading strategy and execute it in the market. Experienced traders have enough knowledge and experience to ease things up and that is what you should be really focusing on if you want to manage your trades very well.
Honestly, managing your trades everyday is really difficult, even for professional traders because minimizing losses gives pressure to others, especially if we are in the middle of the bear market that you are not able to buy low, sell high if the market is really down. I think the best way to manage your trades is you should know first how to control your emotions when the market is down for you not to panic sell and for you to become patient with all of your holdings.
I was rolling with 5000 + USD in Binance exchange few months ago but I recently when the Bitcoin fall down I swapped all the cryptos to fiat currency. I believe people are maximum exchanging their money as stable currency and the top cryptocurrencies in the exchange. If you want to sell your Bitcoins kindly know that you are selling for stable currency e and set alert for you do while it goes to down and up. Using that on exact time you can sell your cryptocurrency
hmmm ...
sometimes i put it in USDT , but the mostly , i just using it for trading more .
or buy another cheap coins for hodl it , since actually with small amount of trading , hard to manage about our profits.
sometimes i put it in USDT , but the mostly , i just using it for trading more .
or buy another cheap coins for hodl it , since actually with small amount of trading , hard to manage about our profits.
Without cashing it out to your fiat money, hmm?
I never had the thought of converting it into a stable coin so that I won't lose anything plus it is hidden here in my digital wallet.
I always just kept it in Bitcoin as my small earnings from sign campaigns plus also an investment at the same time.
as i say before , its complicated , that why i prefer to put it to another cheap tokens/coins rather than cashing out , high fees ,small budget of trading of course will get small profit on value based.
well on this cases , we ignoring btc since small budget cant get enough profit . so , when i buy btc , i choose that as a investement , not a trading goods.
buying low and selling high are the classic strategies in trading.
I've been using this strategy since then coz it's the basic one. Even without knowledge in trading can understand that strategy. but maybe now I think when we sell at a high price, we are not obliged to buy, we are just waiting for the right moment for the price to decline and buy again at a low price.
buying low and selling high are the classic strategies in trading. but maybe now I think when we sell at a high price, we are not obliged to buy, we are just waiting for the right moment for the price to decline and buy again at a low price.
hmmm ...
sometimes i put it in USDT , but the mostly , i just using it for trading more .
or buy another cheap coins for hodl it , since actually with small amount of trading , hard to manage about our profits.
sometimes i put it in USDT , but the mostly , i just using it for trading more .
or buy another cheap coins for hodl it , since actually with small amount of trading , hard to manage about our profits.
Profits are not guarantee in the market but you can have a high chance to win in a trade if you know a lot of trading setups and if you can execute it very well. Planning beforr trading is very important and all of traders should plan their trade very carefully to prepare for the worst. Having a target profit and a stop loss are very important in a plan.
This is very true, most people that basically still a beginners in trading thought that trading will always give you profits. We can't really separate that thoughts, it shows how shallow a person can be if they just blindy engage in trading.It's quite simple actually, managing your profit, I mean. As long as we're in hold of our emotions, such as not make your emotions get under your skin which could make your greedy thoughts gets the better of you, you're good to go. And surely with enough knowledges about trading.
As long as you've met your target, don't be too hungry for more. In most cases, the more you want it, the less you get it.
Profits are not guarantee in the market but you can have a high chance to win in a trade if you know a lot of trading setups and if you can execute it very well. Planning beforr trading is very important and all of traders should plan their trade very carefully to prepare for the worst. Having a target profit and a stop loss are very important in a plan.
This is very true, most people that basically still a beginners in trading thought that trading will always give you profits. We can't really separate that thoughts, it shows how shallow a person can be if they just blindy engage in trading.It's quite simple actually, managing your profit, I mean. As long as we're in hold of our emotions, such as not make your emotions get under your skin which could make your greedy thoughts gets the better of you, you're good to go. And surely with enough knowledges about trading.
As long as you've met your target, don't be too hungry for more. In most cases, the more you want it, the less you get it.
It is really difficult to manage your trades, especially if you have a lot of agenda or personal matters, that is why i am using trading bots to help me to manage my trades while i am away, but it doesn't really help me to prevent my losses or make me to have a successful trades. Also, it is normal to have losses in trading, so managing your profits would be really difficult and to make a perfect trade.
Trading bot helps you not to panic and limits your emotions while engaged to this business, If you will let the bot to work for you. Inside this market where volatility is really harming your investment you need to stand firm. You need to work with more enhancement of your skills tracing the position before you buy and sell your holdings. The more you understand the more you can get from your trading business. 
It is actually quite simple. Don't let your greed take over your mind and always have the concept of RR, 1: 2 or 1: 3 and so on. You only need to repeat this transaction discipline every day and before making an order. I tried doing this with a $ 50 margin trading margin and it really worked a lot. opportunities are many and when you miss an opportunity, don't be too regretful, focus on the next opportunity and always remember the rules of capital management that I have shared. You will never lose money.
It is really difficult to manage your trades, especially if you have a lot of agenda or personal matters, that is why i am using trading bots to help me to manage my trades while i am away, but it doesn't really help me to prevent my losses or make me to have a successful trades. Also, it is normal to have losses in trading, so managing your profits would be really difficult and to make a perfect trade.
Profits are not guarantee in the market but you can have a high chance to win in a trade if you know a lot of trading setups and if you can execute it very well. Planning beforr trading is very important and all of traders should plan their trade very carefully to prepare for the worst. Having a target profit and a stop loss are very important in a plan.
Yes,in trading there is no guarantee that we can win profit and have a high profit in every trade that we have. We just need to stay patient, if you got some profit already you need to save the half of it, for future purposes. Do not put all your asset in one trade only. I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.
We can't exactly exit on the market in the right high price. There is always a chance but it doesn't mean the market will be going up. Being greedy is not good in trading as we should be able to know when to sell and buy so we might get a peodit. Jump to: