Topic: Is it worth trading in such deeps? - page 2. (Read 403 times)
All, thanks for your constructive feddback and opinions. It all taken into consideration and my further steps towards trading and investing will be made accordingly.
Is it worth trading in such deeps or you should wait until the market becomes stable? I am asking about the short-term trading positions.
Why not, deep price is good opportunity to buy back and besides that, have you ever hear trader/ investor buy on top price and not regret his decisions?. In short term strategy, this is not the right time and you should wait. The questions is, why you not change strategy become long term period?. Market always change and good strategy can follow the trend and get out when reach the realistic target. Try it and feel the different.
In my opinion, you should not trade at this time, because the cryptocurrency market is going deep, it is better to wait a while when the market returns. If you buy now, it is possible that the price will continue to fall, the risk is very high if you trade at this time, you will suffer losses if not make the right decision. However, you can still make a profit if you take risks while trading, and make wise decisions.
in my opinion for short term profit the deeps are very good opportunities to be used unless you have entered into a coin when it was high in price and scalping it would be dangerous.
Is it worth trading in such deeps or you should wait until the market becomes stable? I am asking about the short-term trading positions.
Actually you can take a bit of profit fromdeeps right now, but it's risky because we know that cryptocurrency is falling due to some issues I do not want to say but indeed I suggest not to daily trade or short-term before there is a good issue that comesm.
it's depend if it will click. but I think I'll click because Bitcoin is known and it's getting bigger because you have a lot of money. not only have money but they are much to Rich ..
it is possible bit it is much harder to earn money with trading in a bear market. almost everybody can make money trading in a bull market , but now is where it gets hard. i personally just stop trading in these times . and i try to get some altcoins for cheap right now with fiat money.
Much better wait when the market has signal to reversal because if buy on the deep can be the price continue dropping. So learn some technical analysis about reversal pattern will help to decide when should be entry to the market to minimize the risk.
You just have to be smart in your trading during such massive dips. You should consider trading in short time; that means you can buy right now and sell in say 5 to 10 minutes when there is a little increment. if you focus on earing as much as you used to when prices were stable you may be in for a bad loss.
selling in 5 to 10 minutes i think too fast.price and chart move has'nt significant volatility.maybe this better to sell at least 4 hour.we could take advantages from this timefram movement.
You just have to be smart in your trading during such massive dips. You should consider trading in short time; that means you can buy right now and sell in say 5 to 10 minutes when there is a little increment. if you focus on earing as much as you used to when prices were stable you may be in for a bad loss.
there is ALWAYS a way to make profit while trading in cryptocurrency market. from my little experience i can think of only two right now.
1. shorting the coins that are dropping.
some platforms have this option, i have never used it but it is basically making money when price is falling. if it really falls you make a big profit and if it doesn't fall and rises you lose money (to put simply).
2. trading coins that are rising.
there is always an altcoin out there that is getting pumped no matter the hell that is happening in the rest of the world! if you can find them and jump on board you can make a profit. finding them is tough though. sometimes you can find them by looking at the increase in volume and price together and out of nowhere when they are pumping them for example.
and remember these strategies may not be fore everyone. for most people it is best if they stay away and wait for things to calm down and rallies to start. making money in bull market is always easier for most.
I believe that it is possible but I can still hardly imagine those things. Selling coins if you see a further losses is probably the best type of "trading" during this time.1. shorting the coins that are dropping.
some platforms have this option, i have never used it but it is basically making money when price is falling. if it really falls you make a big profit and if it doesn't fall and rises you lose money (to put simply).
2. trading coins that are rising.
there is always an altcoin out there that is getting pumped no matter the hell that is happening in the rest of the world! if you can find them and jump on board you can make a profit. finding them is tough though. sometimes you can find them by looking at the increase in volume and price together and out of nowhere when they are pumping them for example.
and remember these strategies may not be fore everyone. for most people it is best if they stay away and wait for things to calm down and rallies to start. making money in bull market is always easier for most.
1. That looks more like a gambling. During this time you can see a price changes you can see 5% price changes only within one 15 min candle. The slaller moves should be unpredictable.
2. There is always like 1-3 coins from the first 100 of the CMC that hve a small growth for some reason. With less popular coins everything is pretty much the same but the risk of getting P&D is higher. Maybe it is possible to track some local hype but usually it is also a bad move. At least at this case you see your chances to pick acoin that is rising at the dips.
That really depends on how you trade , if you are trading on one of the plateforms that offer shorting on coins then no matter what the situation of market you should continue trade , if you are trading like most of us and only make money on uptrend market then this is hard times for sure and you need to be careful with your entry points .
There's much profit to be made in the current market but it's going to be especially difficult if you go against the movement of the market. Therefore most of the profit right now will come from shorting which is risky if you believe a recovery will come sooner rather than later. In a market like this one make sure you always use a stoploss
Good ones show themselves in hard times , that make differences between top traders and others , If you think trading is profitable then it should be profitable even in deep times.
I sincerely believe it is a time for buying. However, you should observe Fibonacci support and resistance positions and buy only near the support. If you are talking about day trading then sell near the resistance and wait for the bottom again. However, if you are talking about weekly trading or so then you may think about setting some trailing short positions, you never know if the current deep is the lowest point for next seven days, or will it go deeper. Everybody is talking about buying at deeps, however, if you are not talking about holding for 12 months or so, then you could by at the current deep and your portfolio value could sink after that......
Is it worth trading in such deeps or you should wait until the market becomes stable? I am asking about the short-term trading positions.
Yes ofcourse. If you're a good trader, you can make profit in any condition the market is facing. Sometimes the unstableness of the market will give you much profit if you know when to sell and buy.
Trader should be able to work in different market conditions. Buying deeps is smart way to make money with holding for months. Trading always pay and there is no excuses for unsuccessfull people. Trading cryptos can be proiftable but this market is crazy volatile.
Now is the time to invest if you are looking for any sort of trading. Almost every coin is going to recover and you will get amazing returns. The prices that you are seeing are the lowest that they can get. Avail this opportunity and invest. Within a few weeks you will see market bounce back. A lot of people have sold their Alts out of panic selling, and the market is all set to bounce back.
I suggest you to do not trade with the actual markets.
if you are a newbie in trading, you might have big losses, specially when everything is on red and you can have bigger losses than usual.
So no, better to avoid trading on these times.
if you are a newbie in trading, you might have big losses, specially when everything is on red and you can have bigger losses than usual.
So no, better to avoid trading on these times.
Is it worth trading in such deeps or you should wait until the market becomes stable? I am asking about the short-term trading positions.
It depends on the amount you are willing to trade. It sometimes works for me, though. I usually just trade small amounts during dips because I know how fluctuating the market can get. Nevertheless, what is nice in this situation is that you never really lose much. Mind you, this works only when I have bought the Bitcoins in lesser costs. Having said the latter, it would be such a gamble to trade if the Bitcoin you have was too expensive when you bought the same. Simply put, you have to learn to weigh things before you actually get the value for money of your investments.
Jump to: