I'm trapped in trading - page 2. | Bitcointalksearch.org

carlfebz2

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Quote from: Furryball on January 30, 2020, 05:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

So you do mean on getting caught on a particular price movement? You arent the only one but most trader had definitely experience this thing.

When you are avoiding volatility then switching to stable coin is ideal and when the time you do make some long position then profitability will
vary on traders decision. Not all would have the same mindset on when they would get in into the market.

shoreno

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no you dont need to be confuse when trading because being confused only makes it hard for you to decide if will you buy or sell . being a trader means you enter a verry risky business that once you decide , there is no way of coming back or returning . win or loose , you are only going to embrace the results . and you said you have stable coin and you are waiting ? i thought stable coins are stable and have a fix price , what are you waiting at ? and why do you pick a stable as a trading asset ?

samcrypto

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Quote from: Furryball on January 30, 2020, 05:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

Trapped on top or on a lower price? If you bought during the cheaper price then you have the profit now, but if you do bought during the peak price then you should not hope for a more dump because you’ll lose money. Traders must be more active (referring on a day trading) so they won’t miss the chance to sell on peak and buy on dump, you can always trade depends on your trading risk.

TheGreatPython

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Quote from: adaseb on February 01, 2020, 12:37:08 AM

Most likely where it is right now it will pullback, maybe to mid $8000 or so. However if it goes above $10K, then you should just buy it back at a loss because its a confirmed higher high on the weekly and we might be headed to the $13.8K and $20K areas respectivately, whether this is a halving move or not its pretty bullish.

However we need to engulf that entire Xi pump because we can still go back to the $6400 area and even retest the large right shoulder which is around $5500 or so. Everyone is too bullish right now which is never a good thing.

So you aren't exactly trapped because you can always exit, even at a loss. Better a smaller loss than a larger loss.

Current resistance might be something near $9600 and support might lay down between $8500 to $8700. Price is already been traded on a bullish sign which makes most of the people bullish right now. Market showing good growth would also break the resistance and would straightly pump towards the next target which would be above $10,000 and it might than bring the start to the bullish markets after years.

Last time we experienced a bull run was in the mid 2017 and this year we could expect even greater bull runs than we previously experienced by studying the market phenomenon and this is what makes most of the investors invest in bitcoins to participate into the bull runs. Even OP might be holding some stable coins in order to participate into the bull runs but entry point should be appropriate in order to minimize your loss and maximize profits.

RealMalatesta

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Predicting the current markets is really getting a tougher task. The markets are being most volatile and also most of my research went in vain after I saw the price moving in an opposite direction. I was trading on futures platforms and price going in opposite direction made all of my coins get liquidated. This usually gave me some loss but I am yet looking to recover the loss and step myself into profits.

Leverage trading might be much riskier in the current markets but as you said, you holding a stable coin would be better to quickly accumulate onto bitcoins if you find a good dip. I fear the price would not move below $8500 considering the current market situations so you should better find a entry point somewhat close to it.

arwin100

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Quote from: BitHodler on January 31, 2020, 06:00:16 PM

I know how it feels to be left behind where you hope that the price tanks hard so that you can finally load up on Bitcoin, but waiting for the price to tank isn't a good way to deal with this situation.

It's better to use 25% of what you have in stablecoins to buy Bitcoin so that you at least have a decent position in case the price doesn't go down but only heads higher, which currently is the more likely outcome.

The market has given enough signals that it is ready for a trend reversal. People often think that there are sellers lined up to sell whenever they have a chance, but that's not the case. This is a buyers market. Don't short it.

Actually we cannot tell on what will be the decision individually since we cannot hold what they up on their minds but actually if they plant in their minds that there is something good coming by this year since halving is coming up for sure people will not choose to short their trades but since the stigma of the past bearish hunts them maybe that's the best thing they can do atleast many of us can recover since I myself doing some short trades as of this days.

adaseb

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Most likely where it is right now it will pullback, maybe to mid $8000 or so. However if it goes above $10K, then you should just buy it back at a loss because its a confirmed higher high on the weekly and we might be headed to the $13.8K and $20K areas respectivately, whether this is a halving move or not its pretty bullish.

However we need to engulf that entire Xi pump because we can still go back to the $6400 area and even retest the large right shoulder which is around $5500 or so. Everyone is too bullish right now which is never a good thing.

So you aren't exactly trapped because you can always exit, even at a loss. Better a smaller loss than a larger loss.

Kemarit

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Quote from: Furryball on January 30, 2020, 05:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again?

I would say that majority of traders whether you are a beginner or a veteran in trading, one time or another you will be trapped because crypto market is a whole different ballgame. No one can predict the price as it is based on supply and demand and the sentiments of the crowd.

Quote from: Furryball on January 30, 2020, 05:54:03 AM

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

Stable coin are a good hedge for price swing, but I wouldn't practice that strategy, maybe you can try dollar cost averaging (DCA). As for your question regarding the price, again, there's no expert here, no one has the crystal ball to see what the future price will be. It's up to you to monitor and make the final decision.

STT

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This is why trading is hard, you need to be able to forget yesterday and whether you made a loss or gain. How can you make a good trade today while carrying around the baggage of yesterday. You are considering you must buy because you previously missed the lower prices, by the time you are given the opportunity to buy lower it may well be within a declining pattern which means you are not gaining by buying at that moment.
A good trader takes the hit and carries on anyway at full strength, if it was really that easy everyone would be doing it. In fact only about 1% of the general population can realisitically expect to realise a proper trading record and demostrate finess, most people jump on a boat and hope it doesnt sink before they can exit.
How I handle it is to consider multiple time frames and dont add or enter into large positions. So consider if you want to hold BTC for the next year or five years even. Then might trade your long term positions and speculate on your large portfolio rather then an outright hope to go full weight to nothing without losing balance.

BitHodler

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I know how it feels to be left behind where you hope that the price tanks hard so that you can finally load up on Bitcoin, but waiting for the price to tank isn't a good way to deal with this situation.

It's better to use 25% of what you have in stablecoins to buy Bitcoin so that you at least have a decent position in case the price doesn't go down but only heads higher, which currently is the more likely outcome.

The market has given enough signals that it is ready for a trend reversal. People often think that there are sellers lined up to sell whenever they have a chance, but that's not the case. This is a buyers market. Don't short it.

Febo

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Quote from: Furryball on January 30, 2020, 05:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

You should ever go full retard. Never sell all Bitcoin, always keep some. What if when you see all we have huge run to $300.000? What you will do then? Yes play a bit but have no Bitcoin at all, although you know Bitcoin will change financial world, is just fatally dumb. What you will tell your grandsons 30 years form now? I was there when all happened. I sold all. LOL

TIDOVEE

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Should it be so bad that if bitcoin exchange does not fall again there won't be way forward? Even at this time you can still buy and sell profitably. Our predictions are not always accurate, we just have to be smart and make the best use of every moment. The price may still come lower but as low and frequent as the late last year, approaching the halving we expect more pump.you are adding to your experience.

Oasisman

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Quote from: Yaunfitda on January 31, 2020, 07:24:20 AM

If I'm in your shoes I will just HODL for now and buy during dips, easy peasy.

That's easier said than done, If I recall a lot of new investors begins with that kind of mindset, but end up losing on the latter.
Anyway, not all of them failed, there were also those who succeed and familiarized the market movements. What's important btw, is how an investor will set his buying options and selling options.

harizen

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Quote from: Furryball on January 30, 2020, 05:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

That's part of the trading experience, anticipating what would be the scenarios.

There is no perfect trader. Even professionals and so-called trading gurus still making mistakes. What matters here is, you are learning with those and as you progress, you are now minimizing your errors and wrong call.

Now for the last question, will the price fall again or just keeps surging? You can answer that by yourself.

bitbunnny

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Many of us at least once had the feeling they are trapped. Some reckless decision, bad choices or circumstances can lead to that and that is the reason why every trader needs to have exit strategy or better to say a back up.
But that is necessary even before you start.trading, you need to know what are the risks and consequences and can you deal with that. Don't ever trade with attitude that things will set up somehow because they often don't and once you face the loss bigger than you can take you might be in big trouble.

wozzek23

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Quote from: istiak2277 on January 30, 2020, 07:55:33 AM

I am also one of them. But I was a trap with alts and I didn't go up. I sell all my token with 60% loss as I can remember. Cry

Was it a panic sell? Because I can't find a reason why you sold all of your coins or tokens at a 60% loss. I am sure the coins you would be holding would be some of the shitcoins which can never grow up but you should HODL some coins which have the potential to grow up again. Selling them in loss would never be beneficial for you so why not try to luck and hold those coins?

Even I was been trapped in bullish or bearish traps many times but I never sold my coins in loss as I do not even have any of the shitcoins in my portfolio. All of the coins I am holding are potential and can grow back again no matter how hard dump they face and hence this does never allow me to panic sell those coins.

LogitechMouse

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Quote from: Furryball on January 30, 2020, 05:54:03 AM

all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

With the Bitcoin halving comes near, the investors are thinking that the price will continues to rise.

You are invested into a stable coin right now. Well congrats Cheesy

. Do some technical analysis this time. If you see that the indicators are telling that it will continue to rise, make a stop loss already. Now if you have the guts to hold your stable coin then do it or you can just average down if you want. I assume that you are not a beginner in trading Wink

.

Yaunfitda

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I'm sure majority of us here had experience the those traps specially when you are a beginner. So it's either you sell get a loss, learn from that lesson or just hold and hope that everything will turn out right.

Quote from: Furryball on January 30, 2020, 05:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

If you are talking about BTC price, we can't really say it the price is going to keep on surging. We still haven't seen 5 digits again, so that will be the first hurdle for now. You just stay relax, if I'm in your shoes I will just HODL for now and buy during dips, easy peasy.

MufasaR

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Quote from: Furryball on January 30, 2020, 05:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

This might mean either of the two or both which is you have seen the best of bitcoin when it traded at its highest price or experienced it's high volatility and just feels like you trading Boom and Crash and any second a spike can happen

and hoping for a crash to enter the market with a buy. #Trading_Secrets

GuyFromBarcelona

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Quote from: Smitty Werben Man Jensen on January 31, 2020, 06:53:27 AM

Quote from: Furryball on January 30, 2020, 05:54:03 AM

How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? Grin

anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ?

Do you sell it when bitcoin goes down? indeed the price is now quite satisfactory for traders who hold Bitcoin, I myself sold it yesterday when at $ 9200, surely the price will go down again maybe correction, keep calm

There is a lot of buying orders at 9,2k, 9k, 8,8k... I think we won't see a big pullback. I would like to, because I want to buy a bit more, but not sure if I should just go in at 9,2k or get a bit greedy and wait if we can buy at 8,5-8k, risking to be forced to buy at 10500.

Topic: I'm trapped in trading - page 2. (Read 626 times)