Never Be in a hurry - page 10. | Bitcointalksearch.org

Kez1817

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Quote from: Wawa2013 on March 17, 2021, 05:59:34 PM

Actually, if we stick to the plan, there is no need to rush in trading, because we have already determined buy and sell targets. So before
the buy / sell target is reached there is no need to do anything, because acting outside the plan is usually making a loss in trading.
In other words, we really need to have patience in trading, if we really want to get a profit. Crypto market is volatile, making us panic
and take action outside the plan. This must be avoided.

Indeed you're right! Patience is always need in trading, if you already set a plan, just wait it to be reach because if not you might loss instead of making profit. Although we have different strategy in doing trade but whatever kind of strategy is it, patience is always need and right timing of buy and sell.

Question123

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Being hurry in every situation are not good because it will cause for you to lost some profit or money. Like in the crypto buying to early of the coin sometimes are not good because sometimes the price dump so instead you buy cheaper coins you buy it high same also to the selling if you sell early and price is pump after you convert it to the fiat you lost some profit.

jack05

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We are hurry to buy when coin is at its peak and also in hurry to sell when coin is falling down. This should not be the strategy. Crypto is not for small hearted people with weak nerves. If you cant see market in red then crypto is not for you.

Imran232

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From my experience i can say hurry is the real enemy for us to anywhere or any work. Then why we will be in hurry when we are working with our own money. For a trader their has lots of rule which is outside of the box but we have to follow that all rules if we want to be a successful traders. And all of them rules their is a most important rule which is calm & relax. Means when yoi want to work you should be relax and focused. If you are in hurry then there had a huge percentage of chance that you may loss your focused and loss your profit. Which is not a good sign for a trader. I hope i clarify it.

batang_bitcoin

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Quote from: gaston castano on March 17, 2021, 05:23:48 AM

that is why you have to make a target when to sell your coins, believe that no matter how strong you will hold it, it might be a little tempting to always look at market conditions, especially when the market goes up / down quickly the target that you had to hold back could be sold because you were tempted / panicked.

When I look at the market, it's really tempting me to sell if I see the prices as good price to sell what I got. But that doesn't mean that I want to sell all of it.
I think this attitude towards the market is better when we look at the low prices and we are wanting to buy. That's the better approach when the market is down, we should crave to buy every dip.

SquallLeonhart

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Quote from: gaston castano on March 17, 2021, 05:23:48 AM

Quote from: Cling18 on March 14, 2021, 11:52:24 AM

That's actually one of the lessons that I have learned in crypto trading especially when I have sold my holdings at a lower price due to panicking. Sometimes, we really have to trust the potential and capability of our coins and we should also learn how to handle our emotions. There are actually instances where unexpected coin could boom in time so patience is really important.

that is why you have to make a target when to sell your coins, believe that no matter how strong you will hold it, it might be a little tempting to always look at market conditions, especially when the market goes up / down quickly the target that you had to hold back could be sold because you were tempted / panicked.

Well one thing is for sure, if you have a play and just execute that, it doesn't matter what the market does because you will be ready for anything. For example, I have a plan that involves price when I sell changes based on where the money goes to, I am not planning on selling any time soon but with each 30% drop I end up selling a bit, and I will sell it all when it reaches 20k and will be in profit.

I also had a plan to buy as well, when I buy I ended up buying when it was lower last year and I got very lucky as well, didn't expect to make as much as 10x and that was really awesome. I do keep buying constantly but I really bought the most during 6.5k or so, I think everyone should have that type of strategy, if you have a strategy and know when you will buy and when you will sell, you will not be in trouble at all and you can make a decent return.

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Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

Your strategy can be used optimally if traders have a mature plan, one of which is by using good trading management,
selling gradually and buying gradually is the right way to get maximum profit, and will also help us not to rush into trading,
but this strategy will not work perfectly if you don't know how to determine the support and resistance areas, because the support and resistance areas will help you sell or buy coins gradually.

gaston castano

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Quote from: Oilacris on March 17, 2021, 03:08:59 PM

Quote from: gaston castano on March 12, 2021, 07:20:13 AM

Quote from: Oilacris on March 11, 2021, 04:47:12 PM

Quote from: gaston castano on March 11, 2021, 03:09:18 PM

because the market is unpredictable then you cannot do it that way continuously, for example you buy low in the first month and are sure to get a profit in the second month by adding your money to it, but what happens sometimes does not match expectations so you will lose and lose more money because in trading there is nothing consistent and my advice is that you can maximize your profit at one time.

You wouldnt learn up those things if you dont able to experience that one because there are really times that people anticipate or expect that much which would result into those actions which
could really be missing out those right time sell out opportunities.

One reason on why we do deal up with this market is the sole purpose of making profits.Letting your impatient kind of behavior or being too much confidence would really
be putting you in nowhere.
Never be on a hurry because you would really be making out mistakes if you dont really think up and analyze things well.

it's not like that I mean but the market conditions will not be exactly the same every day I mean when you get a profit now and you try the same method the next time it could be different results
so when you get profit make it as much as possible because the same opportunity may not come anytime soon.

Would really be an endless one when it comes to possible methods that should really be used which is the hardest thing where lots of trial and error will really be done.It is just depending
on how you do deal with it.

Dont make yourself in a hurry on all angles neither on hurrying up on taking or making profits or hurrying up yourself on taking a shortcut on learning everything.

Take it slowly but surely.Mistakes cant really be avoided but it can really be minimized.

well, I agree some people are impatient and always think the same and expect the same results, for example someone buys an ico coin and makes a profit from it then buys another ico coin and expects the same result more to think that he will get the same profit like Previously, this was where an important role in analyzing and minimizing risk was needed.

Wawa2013

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Actually, if we stick to the plan, there is no need to rush in trading, because we have already determined buy and sell targets. So before
the buy / sell target is reached there is no need to do anything, because acting outside the plan is usually making a loss in trading.
In other words, we really need to have patience in trading, if we really want to get a profit. Crypto market is volatile, making us panic
and take action outside the plan. This must be avoided.

Yamifoud

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Quote from: Traderbtcc on March 17, 2021, 01:06:28 PM

It's not that bad to sell in a hurry, after all the pump won't last forever and you know there will always be some weak hands that let their emotions or fud make them sell off in a hurry, they still don't don't know that the financial market is all about transferring money from the impatient to the patient ones who are willing to hold for a long term, I agree with the part you talked about selling in batches, I normally use that method too and it helps me not to miss out of the pumps.

I'm done experiencing selling in batches and it finds good but we also have to consider the situation especially when the trend is going to dump, and that won't be necessary instead of selling them all in 1 batch.

People think about selling in a hurry have in their mind to catch the best price and yes, it sometimes results in bad or good. But since we really don't know what will happen next, it is not a wrong call at all. We decide to do it because that is what comes out of our mind unless if we are too dumb not to feel the surge to come because we are controlled by our emotions.

Oilacris

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Quote from: gaston castano on March 12, 2021, 07:20:13 AM

Quote from: Oilacris on March 11, 2021, 04:47:12 PM

Quote from: gaston castano on March 11, 2021, 03:09:18 PM

because the market is unpredictable then you cannot do it that way continuously, for example you buy low in the first month and are sure to get a profit in the second month by adding your money to it, but what happens sometimes does not match expectations so you will lose and lose more money because in trading there is nothing consistent and my advice is that you can maximize your profit at one time.

You wouldnt learn up those things if you dont able to experience that one because there are really times that people anticipate or expect that much which would result into those actions which
could really be missing out those right time sell out opportunities.

One reason on why we do deal up with this market is the sole purpose of making profits.Letting your impatient kind of behavior or being too much confidence would really
be putting you in nowhere.
Never be on a hurry because you would really be making out mistakes if you dont really think up and analyze things well.

it's not like that I mean but the market conditions will not be exactly the same every day I mean when you get a profit now and you try the same method the next time it could be different results
so when you get profit make it as much as possible because the same opportunity may not come anytime soon.

Would really be an endless one when it comes to possible methods that should really be used which is the hardest thing where lots of trial and error will really be done.It is just depending
on how you do deal with it.

Dont make yourself in a hurry on all angles neither on hurrying up on taking or making profits or hurrying up yourself on taking a shortcut on learning everything.

Take it slowly but surely.Mistakes cant really be avoided but it can really be minimized.

Traderbtcc

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It's not that bad to sell in a hurry, after all the pump won't last forever and you know there will always be some weak hands that let their emotions or fud make them sell off in a hurry, they still don't don't know that the financial market is all about transferring money from the impatient to the patient ones who are willing to hold for a long term, I agree with the part you talked about selling in batches, I normally use that method too and it helps me not to miss out of the pumps.

gaston castano

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Quote from: Cling18 on March 14, 2021, 11:52:24 AM

That's actually one of the lessons that I have learned in crypto trading especially when I have sold my holdings at a lower price due to panicking. Sometimes, we really have to trust the potential and capability of our coins and we should also learn how to handle our emotions. There are actually instances where unexpected coin could boom in time so patience is really important.

that is why you have to make a target when to sell your coins, believe that no matter how strong you will hold it, it might be a little tempting to always look at market conditions, especially when the market goes up / down quickly the target that you had to hold back could be sold because you were tempted / panicked.

Cling18

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That's actually one of the lessons that I have learned in crypto trading especially when I have sold my holdings at a lower price due to panicking. Sometimes, we really have to trust the potential and capability of our coins and we should also learn how to handle our emotions. There are actually instances where unexpected coin could boom in time so patience is really important.

Viscore

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Quote from: fortune1002 on March 14, 2021, 07:19:00 AM

Yes you are right I also learned not to hurry in Buying or selling any coin. Selling in batches is good idea. I have got big loss because of hurry. So I suggest you not to hurry. Sometimes hurry in selling is good but this is other situation. When price suddenly increase high then you can do hurry in selling.

You're right, not all the time that we are in the hurry will have a negative effect, it sometimes also beneficial to ours. Emotions make people deciding to be like this and this kind of feeling is hard to control and this brought losses to most traders/investors.

Just like to share my experience,
I have a coin (likely a dead coin) stuck in my wallet for almost a year. The last time I check it valued only at $60, but I was surprised when I check it again last week, it is already at $600. Maybe, if I'm in a hurry and sell after receiving the token, I badly regret seeing it now.

fortune1002

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Yes you are right I also learned not to hurry in Buying or selling any coin. Selling in batches is good idea. I have got big loss because of hurry. So I suggest you not to hurry. Sometimes hurry in selling is good but this is other situation. When price suddenly increase high then you can do hurry in selling.

Hamphser

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Quote from: Zanab247 on March 13, 2021, 01:56:58 PM

Hurry has led many traders to wrong choice during the pandemic when the price of bitcoin hit $30k to $40k, that make so many traders to release their coins for sale, hoping that the price of bitcoin will not get to $60k before 13 of March 2021. As a trader who want to go far in the areas of profit making, should try to avoid hurry in the areas of trading not to make a bad decision. When the price of bitcoin or cryptocurrencies is not too stable in the market don't be in hurry with that coins you are holding because you are very close to success if you can exercises patient.

Bad decision would always be there since we arent perfect plus this market is way too unpredictable.There's no way that you can know up things on what would happen ahead.

This is why immediate action or short term ones is considerable as long you do make out profits.Patience is one key for your success but you should really know on when to secure out those profits
that you had made.

Bad decisions are common but doesnt mean that we shouldnt really make to compensate of the lost that we had experienced.Lots of trials and errors would really be done on this one.

Zanab247

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Hurry has led many traders to wrong choice during the pandemic when the price of bitcoin hit $30k to $40k, that make so many traders to release their coins for sale, hoping that the price of bitcoin will not get to $60k before 13 of March 2021. As a trader who want to go far in the areas of profit making, should try to avoid hurry in the areas of trading not to make a bad decision. When the price of bitcoin or cryptocurrencies is not too stable in the market don't be in hurry with that coins you are holding because you are very close to success if you can exercises patient.

Ausgewielt

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For me its just works for buying bitcoin. Because when we buy actually we are choosing our position in trading so in my point of view we should not be in a hurry at that time. But when there is bull market and we already can get enough profit then I think it is okay to sell in hurry when the price starting to fall, this is what I call avoiding the greed. Of course analyzing the chart also important in decision making. But when the time is close to bitcoin halving then we should be in a hurry to buy bitcoin because the price definitely will rise, so don't miss the chance.

cyriljundos

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Ive experienced that also, buying all out in a hurry on a specific coin causes losses. Some traders buy a trend coin in a hurry,they dont even think about it first or research that specific coin before they buy,they think about profit and it all went up with losses in the end.

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