Topic: How long does it take to make a buy and a sell? - page 3. (Read 1530 times)

It only takes an instant especially if you chase the price up or down. You could wait for the price to hit your buy/sell order, but we'll never know how long that'll happen.

It depends actually, although if you are placing an order for buy or sell then sometimes it does take some time. But if you just buy on the current price it is of value then it is easy peasy; same goes with the sell order as well if you are selling your coin on the recent price it is currently selling then it'll just sell almost in an instant.

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if you mean something like placing an order under market price for buy and above it for sell, and waiting for that to be filled then there is no singular answer for it because it depends on a lot of factors.

first is the stability of what you are planning on trading. and that changes with time too. sometimes there is not much movement and depending on how deep your orders are, it can take forever for them to be filled.

second is the liquidity of that coin. some altcoins are too small, and if you place a big sell order in one of them, it will never be filled and you may even cause a drop with your "sell wall"

and finally the exchange you are using. some of them have less users and less liquidity specially in some specific markets for less known altcoins. obviously you will have issue getting your orders filled.

Why are you asking this? The process is instantly, just take a look over the exchanges, and make a trade, you will see that it is instant because on the major exchanges there is a huge volume everyday.

Now if you go to a weird exchange, your trade will be processed slowly, because probably no one is going to buy/sell your alts in there.

That is why a lot of people are just using bittrex/cryptopia/poloniex, because they have a lot of volume compared to the other exchanges.

It depends on how much you would like to sell.  If you are selling that high, then it takes time for it to occur. And if you are buying, at a low price, then you will suffer by that. It will take time.

On each coin will be in its own way. So it all depends on the entry point. Sometimes between buying and selling can take just a few minutes, and sometimes a few hours, or even a day.

Before start to buy/ sell you must know take profit and stop loss for your strategy, if you don't have it please don't try take position. Day trade have short distance ( range ) about take profit and stop loss, but some times trader want more and that's why they loss. This is day trader not week/ month/ year ( long ) trader, it's not same at all. Mostly, day trader will close their position in 1 - 2 day even win or loss. Just like that and good luck to you.

Day trading is very risky for a newbie like you because of high volatility in the market. Trader can say when to sell or buy using their own strategy in a different indicators. Better to learn it before you start focusing on making double your money.

You need to study first how the basic of trading works. If you will engage to it without knowing the basics then there is a big chance that you will just lost all your investments funds.

There are two kinds of trading :
1. You trade your cryptocurrencies directly and each coin of the exchanging pair has to be transferred. Such trading can be made for example on shapeshift or changelly. You send your coin, you want to exchange to a wallet of the exchanger and get the coin transferred to your wallet. This kind of trading is not suited for daytraders and is very expensive, because you must pay each time the transfer fee and the transfer time is generally too long for day traders.
2. You register at an exchanger and place your funds to a wallet of the exchanger. Exchangers are for example Bitfinex, Livecoin, Bitfinex, Cryptopia and Poloniex. There you can trade instant,' if the prices of your buy/sell orders meet the bids/asks. The trading pairs needn't to be transferred, because the funds are virtually transfered on the exchanger.

Time taken for a buy/sell mainly depends on the token involved and the price. With exchanges bringing in sophisticated interfaces for faster trades, only a few have short delays in updating orders. Other than this, depending upon the price of the buy/sell order, you should be fine with your day trading activity.

It all depends on how much you want to earn %. Remember one rule: do not be greedy better three to five percent than zero.

does it vary for different coins? I'm asking because if I want to day trade I want to make sure its doable. Someone told me it takes a long time to have a buy go through and a sell.

EDIT: Ive added this because it seems not everyone reads all the replies, I had posted two more posts to clarify. ill just throw it in here for now.

I should have clarified,

If I want to buy AT MARKET PRICE for example if LTC takes a dip and goes down to  $300 and I buy right when the dip starts to recover at $305 and it goes back to baseline of $350 and then SELL... in essence if I only bought one LTC I just made $45

$305LTC - $350LTC= $45USD

Thats why I asked about how long it takes to buy and sell LTC-BTC-ETH Usually the dips happen and they recover in a couple minutes. If I can't BUY at market price when it dips and then sell at market price when it recovers then my friend was right but I'm in the dark because i havent done it myself and IM RELYING ON ALL YOUR KNOWELDGE!! Which I appreciate immensely.. I love forums and have learned many different things for being part of a community and I know if I have info on something to share it as I did at the bottom of this post about coinbase USD transfers to gdax.

I am going to start with around $100-300usd and do some test buy/sells.. I've been studying the charts and I am pretty confident in my chart analysis.. I am a newbie with crypto but I have day traded (not much but i understand it) with my brother on the stock market.

I also learned through my own playing around on coinbase and GDAX that there is a work around to buy the price of crypto at market price instead of coinbases inflated price by using GDAX
1. transfers from coinbase of USD currency have no fees. therefore I can fund coinbase and transfer USD to GDAX instantaneously and get away from the inflated coinbase price. As far as what I read this seems possible but until my USD funds are in coinbase I will not know if it actually works if it does I will report back and make a thread about it so people can save money on their first purchase.

Im still not verified on poloniex and I studdied the graphs on there as well as the volume(pretty busy) I am verified on bittrexx BUT my issues with trading on bittrexx is there is no selling out of crypto into USD so i have to deal with an exchange fee to send to a different exchange that will let me sell from crypto to USD.  unless there is a exchange that has multiple coins(more then just btc-eth-ltc

I know poloniex has USDT but i cant transfer that out into my bank account??? im not sure if that is possible in poloniex? are there any that do allow bank transfers other then coinbase,GDAX(I wont dare use gemini)??


2nd RESPONSE:

just to respond to the remarks of me being a newbie. I buy and sell cars for a living and started literally with no money. you buy cars low and sell for more then your in it for. same thing with crypto exchanges and on the stock market exchange.

 Except I need to learn about the exchange rates for transfering from exchanges to an exchange that I can cash out to USD. BTW the fees for day trading on the stock market or way higher then any of the fees on the crypto exchanges So i really dont see the big fuss about the fees. However, Im using microeconomics to do my best to keep my fees for trading coins and transferring to exchanges and out to USD to a minimum.

 I need to figure out the fees for trading crypto coins say for example using LTC to buy XRP an then when I made the profit i want to XRP to LTC or whatever coin i want to trade it into. thats the part I definately need to figure out. starting out im probably gonna stick with the 3 big ones ltc-eth ad btc and watch for dips and sell on the recover.

the crypto exchanges are more lucrative because its barely regulated and I know it will be regulated in the future at some point because crypto is getting major talk right now, and I've watched  the whales doing their manipulation. Wink

 I could have bought BTC at $16 a couple years ago so believe me I was pretty annoyed but it is what it is, Im not gonna cry over it.