How do you manage your profits in trading? - page 5.

normanderecho

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Quote from: cjie on September 22, 2018, 01:07:03 AM

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.

Ofcourse that's usually happen in order to earned in trading. Buy low sell high, all you have to do is the right timing when you do day trading in crypto and you have fully hours to monitor all your assets that you will not missed what going on, in the market. And you must be patience if you do long term method.

Fredomago

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Quote from: r1a2y3m4 on June 22, 2019, 01:29:41 PM

Quote from: Rufsilf on June 22, 2019, 01:10:58 PM

Well I use my profits to buy more coins on it’s lowest price possible to increase my assets and hold them until the price will rise up again and some part of my profits I used them to invest on other altcoins such as ETH but majority of my profit is to buy more bitcoins because it has brighter future than other coins.

Sometimes I do things like what you said. I'm buying coins that at a lowest price more like a shitcoin and I'll try to hodl it. I will wait for it to become a dollar or half and will sell it. Sometimes, I'm scalping, I am taking away my profit and re-invest my capital.

If you'll be able to catch up the right coin and you have enough time to get with every single coins that will move, chances are still profitable for those who are willing to take the risk, waiting is the key.

iMark

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Quote from: Vaskiy on June 19, 2019, 06:31:45 PM

Quote from: Finestream on June 19, 2019, 06:11:57 PM

Quote from: Aivaryamal on June 19, 2019, 10:37:44 AM

You understand correctly that trading involves the sale of assets at a higher price, but when the asset falls in price and looks promising, then you can buy it again and wait for growth

Exactly.While there is dips,seize the opportunity to buy more potential coins with its affordable price.It takes more patience to hold them for a long period of time and when you see the market is already gaining its growth,you can start selling your coins in its goal price you want to achieve.

Every dip can be used as the right time to buy, and while buying it is good to go through its previous growth history on the charts. It'll give a small understanding about its market even to the person who hasn't got much idea on trading and technical analysis. Also investment funds should be separate, one should not take away funds allocated for other needs into investing.

When the market conditions in bullish, of course the decline in prices is a good opportunity to buy. because after that the price will definitely rise again. take advantage of that moment as well as possible, for example when the price drops at a price of $7800 a few days ago, that is a golden opportunity, and see right now, you are already get big profit if you take advantage of that opportunity

r1a2y3m4

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Quote from: Rufsilf on June 22, 2019, 01:10:58 PM

Well I use my profits to buy more coins on it’s lowest price possible to increase my assets and hold them until the price will rise up again and some part of my profits I used them to invest on other altcoins such as ETH but majority of my profit is to buy more bitcoins because it has brighter future than other coins.

Sometimes I do things like what you said. I'm buying coins that at a lowest price more like a shitcoin and I'll try to hodl it. I will wait for it to become a dollar or half and will sell it. Sometimes, I'm scalping, I am taking away my profit and re-invest my capital.

Rufsilf

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Well I use my profits to buy more coins on it’s lowest price possible to increase my assets and hold them until the price will rise up again and some part of my profits I used them to invest on other altcoins such as ETH but majority of my profit is to buy more bitcoins because it has brighter future than other coins.

perfect999

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Managing my trading profit isn't that easy to do since the recent situations on all of my altcoins holdings still didn't develop a commendable price, from year 2018 to present. However, some other alts that I've sold I used the funds to buy those dipping price which I thought promising coins after their sudden previous price skyrocket. As recommended tip to those who still holding their asset for long time, don't give up and pursue your goals in crypto.

i do the same way with you mate.switching our assets into potency coins that in dip will give us more profit.as a trader we have to doing various technique to earn money from crypto market cause the condition in this market very dinamic.

There are some coins that I have which I believe in their project like crazy, they have gone deep though but I am very sure that they will all rise in the next bull run, but you see some coins in my portfolio, has no promising future and these are some of the ones I quickly converted to Binance early, I mean the ones that Binance allowed for swapping, while the remaining ones were sold no matter the little amount I got, which I used to buy more of Bitcoin, and I am glad I took that step, from the time I took that step, I have made enough profit to still buy some new projects that we have now, I mean the ones that has entered exchange already.

guoyu78

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Quote from: Malamok101 on June 20, 2019, 04:04:23 AM

If you like to sell it high thats your profit already but if you sell it and want tk buy again its a very risk way to loss your profit somehow wait again to dump and buy some low price of it.

No trader would be stupid to go buy at higher price after selling to take profit, anyone taking profit for the purpose of buying back must have studied the market clearly and ensure that there is going to be opportunity for a dip, lie in the case of Bitcoin recently, every increasing does have a corresponding correction which is the buying opportunity, and even this increase we see now will still have a correction.

The correction may be around $10000 back to $8800, which will be an opportunity for such seller to buy back. Although I agree with you partially on the risk aspect of it, but only risky when trader sells during continuous increase, it means such trader would have to buy at a more expensive price causing him to lose his profit.

South Park

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Quote from: Barbut on June 19, 2019, 06:01:25 AM

I believe that smart people re-invest their profit back where they got the profit from, at least a good part of the profit. It can be trading or staking, or anything else, the bottom line is that if you get the profit from whatever you do, you have to re-invest in that and continue as long as you are getting profit. It`s a story behind every successful business, as long as you are using re-investing profit in what you do, not spend it for fun, you have a chance to make something more.

This, if you have a strategy that can generate profits over the long term then you need to reinvest your profits, this will generate an exponential growth that will allow you to get a lot of coins, at the beginning the growth of your investment will be small but as the months and the years pass by it will be difficult to reconcile the small amount of capital you had with the large capital you will have, but in order to achieve that goal you need to have a high level of mental toughness because there will be times in which your strategy will not seem to work anymore and you will be tempted to leave the market.

BuxCoin

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Quote from: cjie on September 22, 2018, 01:07:03 AM

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.

its simple no one can predict highs and lows if you trying to do that its not possible and you will lose more or do not take any positions thinking that this not the low , we just see how much risk is there if we buy from this low if risk suits they buy or else wait

Cherylstar86

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Quote from: Malamok101 on June 20, 2019, 04:04:23 AM

If you like to sell it high thats your profit already but if you sell it and want tk buy again its a very risk way to loss your profit somehow wait again to dump and buy some low price of it.

Exactly, we have to be observant every scenario to manage the possible conclusion. I actually buy at dip time and sell when the value of my holding coins are satisfying to gain massive profits. Somehow, we need to widen our patience on waiting the great breaking bull.

strunberg

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Quote from: Malamok101 on June 20, 2019, 04:04:23 AM

If you like to sell it high thats your profit already but if you sell it and want tk buy again its a very risk way to loss your profit somehow wait again to dump and buy some low price of it.

buy and sell for several times will accumulate our profits in trading.best way to collect as much as profits only buy on low and sell it.and than moved to another coins or wait to rebuy this coin on the dip.don't be greedy if profits target.

Malamok101

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If you like to sell it high thats your profit already but if you sell it and want tk buy again its a very risk way to loss your profit somehow wait again to dump and buy some low price of it.

yvesp110

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Quote from: Aivaryamal on June 19, 2019, 10:37:44 AM

You understand correctly that trading involves the sale of assets at a higher price, but when the asset falls in price and looks promising, then you can buy it again and wait for growth

Not only management profiting is important but you have to keep your eyes on each and every factor because all these contributing factors will work out. You will easily get your target which is your mission before getting started. I personally believe in choosing a right source which I consider best for trading with the addition of another source so as to diversify the investment amount and then start trading.

rodel caling

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Quote from: cjie on September 22, 2018, 01:07:03 AM

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.

To manage profits in trading always put margin for day trade job and sometimes as a trader they are some wrong or mitskes decision but we need to be brave and calm to avoid more losses. Because sometimes we can experience the trap scenario, but alway put our mind do not panic to recorrect the wrong decision.

Vaskiy

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Quote from: Finestream on June 19, 2019, 06:11:57 PM

Quote from: Aivaryamal on June 19, 2019, 10:37:44 AM

You understand correctly that trading involves the sale of assets at a higher price, but when the asset falls in price and looks promising, then you can buy it again and wait for growth

Exactly.While there is dips,seize the opportunity to buy more potential coins with its affordable price.It takes more patience to hold them for a long period of time and when you see the market is already gaining its growth,you can start selling your coins in its goal price you want to achieve.

Every dip can be used as the right time to buy, and while buying it is good to go through its previous growth history on the charts. It'll give a small understanding about its market even to the person who hasn't got much idea on trading and technical analysis. Also investment funds should be separate, one should not take away funds allocated for other needs into investing.

Finestream

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Quote from: Aivaryamal on June 19, 2019, 10:37:44 AM

You understand correctly that trading involves the sale of assets at a higher price, but when the asset falls in price and looks promising, then you can buy it again and wait for growth

Exactly.While there is dips,seize the opportunity to buy more potential coins with its affordable price.It takes more patience to hold them for a long period of time and when you see the market is already gaining its growth,you can start selling your coins in its goal price you want to achieve.

Pom_bensin

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Quote from: cjie on September 22, 2018, 01:07:03 AM

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.

as a trader buying at a low price and selling at a high price is normal. I see if this is the usual way, and you can try to manage your profits. what is your profit and how much is your capital, it can be calculated

Aivaryamal

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You understand correctly that trading involves the sale of assets at a higher price, but when the asset falls in price and looks promising, then you can buy it again and wait for growth

Barbut

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I believe that smart people re-invest their profit back where they got the profit from, at least a good part of the profit. It can be trading or staking, or anything else, the bottom line is that if you get the profit from whatever you do, you have to re-invest in that and continue as long as you are getting profit. It`s a story behind every successful business, as long as you are using re-investing profit in what you do, not spend it for fun, you have a chance to make something more.

BigBos

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I am not very good at trading. however, great people do it always save their profits, and do screenings on their initial capital. well, this is simple, but effective to do for those who trade. most people use profits to be used as capital to trade.

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