I suggest checking out tradingview, people there have their own charts and their own reasons when bitcoin will go up and when it will go down etc etc. If you register there and start to follow the people who are mostly right you can eliminate the people who are wrong, so you will be left with few people who are almost always right. That way you will be checking what the people who actually know about this work says and that way you will be capable of following their footsteps.
You will also learn the way they think and also use that for yourself as well without getting help from them, this takes time (months) but eventually you will reach there. That is when you can start to do day trading and actually make money yourself without getting help from anyone.
Topic: I bought a bitcoin today for 9K and sold when it hit 10K should I Of left it? (Read 644 times)
September 13, 2019, 08:10:55 AM
September 13, 2019, 04:11:30 AM
solid trade but if it was me I would have kept the $1k profit in btc an let it ride.
September 12, 2019, 06:55:53 PM
You are just being greedy and that is why you are asking for more which is wrong if you are a day trader.
Greedy? I will say more like lucky cause not every day trader will make this gain as a starter. Some don't even see the opportunity or knows when to grab it.
From his tone, the guy is just excited and he asked a question anyone in his position would have asked though which is, contemplating to continue or take a break.
OP, you have to be really sure if you can continuously do this day trading. Remember, it's not mandated to buy 1 btc before trading.
September 12, 2019, 06:47:18 PM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
Depends on your goal or target. Remember that when you buy Bitcoins its either you hold it for a long period of time or you set a target of when you plan to sell it like sell it when you hit 10% profits or Sell it when you already earned $1,000 USD including fees. What you did is just fine, bought at low price of $9,000 and sold at $10,000. I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
September 12, 2019, 11:13:32 AM
if you are a trader then sell when prices already look high enough, don't wait for higher prices, because at this time the market conditions are fragile, it's easy to collapse. it's better to sell when there is still a chance, that the mindset of the trader. but if you intend to invest long-term, be patient and hold for as long as you can.
A trader must really learn to work along with the mentality off knowing that they are in a volatile market, bad thing about volatile market is that you could see a trade that is very impressive now, and before you could think of asking questions, the trade would have been again you. When it comes to trading, we just have to have in mind that we are dealing with both big and small profit, and we should see the big profit as luck, but focus more on small profit, it is small profit that some people that I know do take that built them an empire, and all these holding on for a bigger profit is not really getting anyone anywhere.
It is easier to predict smaller prices than to predict bigger prices for long term. If op had sold when he acted, he would have bought at that $9000 again several times and also sell several times.
September 12, 2019, 09:16:58 AM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
bitcoin still so volatile mate and there will be something good that could be happened on it every time without knowing . But on this kind of your situation i suggest must wait for the right time to buy in again because you know it always changed direction so make sure you are in timing when buying. Make a technical instead to assure after buying it will not fall back suddenly . It's a good idea always actually. I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
September 11, 2019, 09:15:32 PM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
When you buy bitcoin at the price of $9k, you need to wait for the price to increase at $10k or more so you will be safe to sell and make a profit.
If you sell it when the price is at $9,5k, you can sell it at that time but your profit will not too big.
If you are fine with that profit, then there is no worry if you want to sell in at that price.
But if the price drops at less than $8k, then I suggest you buy more bitcoin because the chance of bitcoin price to go back to $9k will wide open.
After you buy, you should be patient and don't panic until you can see the price can reach $9k again so you can sell your bitcoin which you already bought at less than $8k.
September 11, 2019, 06:53:05 PM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
The choice hugely depends on you, if you want quick and nice profit without extra worries, I think it's better to sell that time when price hits your wished 10k but otherwise if that's the money you don't and won't have a need to use for a lot of times, then I would hold it. Personally I think it's like a gold rule: Bitcoin will reach it's all time high, it's just a task of time, wait. don't break and you'll achieve your goal. I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
September 11, 2019, 04:57:43 PM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
Sell everything when you do see some gains yet as you mentioned you are a day trader which means you do make shorts and doesn't plan for long term.I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
These questions are just fitted out for those who actively buy and sell into small ranges or movements.If you are a long term trader then these entries wont really
be a big issue for you since you do hold for years or longer durations you wouldn't care on where would prices would go.I suggest on keeping that
trading system of yours yet not all do have the capability on when to sell and when to buyback.The important thing here is that you do able to see some green
your trading results.
September 11, 2019, 01:05:00 PM
I’m more of a day trader so any advice would be hugely beneficial.
If you're a day trader and make $1000 with this trade, I'd say you did very well and probably did the right thing. Me, if I had enough money to buy a whole bitcoin I'd probably try to buy it under $10k and just hold it. I think the market is still extremely bullish despite it having cooled off recently. Bitcoin is trading in a pretty narrow range and keeps bobbing its head above $10k....so I think any chance to buy it below that level is a good opportunity both for a short-term trade and a chance for even greater profit in the longer-term.But it's up to you how you want to trade. Obviously you were successful here, so it's not like you did anything wrong. If I had to give you advice, it would be to try to buy again if and when bitcoin falls to $9000 again. It might not, but if it did you'd probably have another chance to make at least another grand.
You are just being greedy and that is why you are asking for more which is wrong if you are a day trader.
Ah, come on. All traders are greedy to some extent. He got lucky with that trade and now he's thinking "What next?". That's natural. September 11, 2019, 12:55:13 PM
The answer is within your thread.
You are a day trader as you said it.
So what else do you think you should do?
You are in profit then sell it. What else is there to think of or doubt about? You already made a choice of yourself with what you will do.
You are just being greedy and that is why you are asking for more which is wrong if you are a day trader.
You are a day trader as you said it.
So what else do you think you should do?
You are in profit then sell it. What else is there to think of or doubt about? You already made a choice of yourself with what you will do.
You are just being greedy and that is why you are asking for more which is wrong if you are a day trader.
September 11, 2019, 09:22:17 AM
if you are a trader then sell when prices already look high enough,
no thats bad if you are going to sell based on your feeling or based on what you saw but you should sell based on how much you used for your capital . let say the op buys btc at 9k usd , he should sell when the price hits over 9usd so that he can earn something .don't wait for higher prices,
obviously because the op said that he is more of a day trader . being a day trader is kinda simillar to short term trader and you must grab any oppurtunity no matter how small it was . unlike to a long term trader that they must wait for a long time to get as much profit as possible 
September 11, 2019, 08:46:30 AM
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
New to this but happy with making a grand.
If you have to ask what to do next, you are clearly not a day trader, sorry.
Should I buy back in or do you guys think it might drop?
It depends on how much risk you want to take.
You can leave happily that you ended it on profit.
Or you can wait until it's low enough for your calculations, then buy again one Bitcoin and wait until it rises again to sell.
Or you can day trade with the 1k profit.
Or you can you and HODL.
There are plenty of options, really... and it's not us who has to decide about your money.
September 11, 2019, 08:23:10 AM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
In your situation, you are already in a profit and if you are here for a short term gain, then probably you should be contented on your profit but, if you are seeing the bigger picture and have patience to wait for another years, then probably it is best that you should buy now. Halving is about to happen and that alone can kick the price up. But still it is your call.
That way if it goes up you will make money on small leverage but 1000 investment, if it goes down then you will still make some because you have 100 dollars on high leverage. Don't get me wrong you will not make too much money this way but at least even if you are wrong you won't lose too much money and will be still fine.
September 10, 2019, 02:00:27 PM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
In your situation, you are already in a profit and if you are here for a short term gain, then probably you should be contented on your profit but, if you are seeing the bigger picture and have patience to wait for another years, then probably it is best that you should buy now. Halving is about to happen and that alone can kick the price up. But still it is your call.
September 10, 2019, 01:39:48 PM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
In your situation, you are already in a profit and if you are here for a short term gain, then probably you should be contented on your profit but, if you are seeing the bigger picture and have patience to wait for another years, then probably it is best that you should buy now. Halving is about to happen and that alone can kick the price up. But still it is your call.
September 09, 2019, 05:53:32 PM
To my opinion you sold it too soon. Ok, that was maybe a short term profit but on long term if you really want to make some serious profit this wasn't a good decision.
Of course that you can't predict what will happen with price in near future but if you want to become a serious investor you should have a strategy and much broader view on the market.
Doing strategies is a must, we can’t just buy and sell and ask the people here if you made a good decision or not because for me that’s an early profit taking. Well, I’m a big supporter of bitcoin so I’m willing to play for long term, this will only depend if the OP knows what he is doing, and have a bette plan. Of course that you can't predict what will happen with price in near future but if you want to become a serious investor you should have a strategy and much broader view on the market.
September 09, 2019, 03:59:45 PM
You have already made some profit from your trade and if you think that profit is not enough for you then you have to hold pending when it hits your profit target. If you buy Bitcoin at the rate of $9k and maybe your profit for a month is $4k in a month and you are able to make $1k within a week then there is a possibility that you can make your $4k profit within the month if you trade well, but not necessary that you have to wait until the price of bitcoin move from your entry point of $9k to $15k . The price fluctuation between $9k to like $11,500 should be able to earn you your expected profit in a month if only you trade well.
September 09, 2019, 11:34:54 AM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
Once you see BTC price is going down, sell out.
Wait for the price to hit rock bottom then buy it back.
You'll increase your BTC holdings that way.
September 09, 2019, 11:16:07 AM
Should I buy back in or do you guys think it might drop?
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
Buying a whole Bitcoin is really risky thing.
And as you are newbie, i would suggest to first start with small amount.
First understand the market properly then just invest big.
Moreover the bitcoin price is all the time fluctuating.
So there's no perfect time to wait.
You need to take risk to make your work done.
Good luck OP.
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