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Topic: Never Be in a hurry - page 11. (Read 2302 times)

sr. member
Activity: 2660
Merit: 339
March 12, 2021, 12:06:48 PM
Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

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.
That is a lesson I learnt from the past and I have followed it since then, never to be in a hurry when doing anything in this market. And I think there are some rules that will help you to be able to calm down no matter the market situation, and it’s not really a matter of buying $5 to $20 like you have said, because you buy with a small amount to monitor the market and it will start increasing at that moment, and if you’re the type that follows that method you will invest and the market might start going down and you will regret and might still be forced to sell your assets, and at loss.

So, it’s important that you make sure that you’re going by the first rule which is investing that amount that you can only afford, it is very important, and you will be calm in any situation as it wouldn’t bother you.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
March 12, 2021, 09:03:07 AM
That means you make several buy and sell orders which of course requires patience, but for me buying or selling at the same time is not a problem as long as you can accept the risk. Prices will not always continue to rise and fall and therefore, buying and selling at the same time can be the right way too because this has always different moments and we have to be able to adjust it. Because we don't always do it in stages, because at least there will be times that will make your trading more varied.
full member
Activity: 333
Merit: 103
March 12, 2021, 08:54:50 AM
Not being too fast though will also have you get left behind. Imagine this, what if the prices were around 100 USD and you said to yourself that there is no need to hurry, the price might drop a little but suddenly the price skyrocketed and then it didn't go back to 100 USD, wouldn't that still be a good idea to not hurry. What is better is if you have faith in something and it shows an opportunity, try to grab it because that opportunity might only happen once.
Many people think the same way you think and they make mistakes, sure there are some good traders who could act very quickly and make a profit but there are very rare of them, not many of them are like that, which is why I think it is quite obvious that we should not really focus on those rare instances but look at what generally newbies do.

Those newbies who try to act quickly to "not be left behind" end up making stupid trades and lose a lot of money, if you are good you could be doing it properly but there are very bad ones who are not like that and end up losing all their money in trading. This is why there is really nothing that could be rushed in crypto trading, that is why I believe everyone should be taking good long care about what they are doing, otherwise there is really only an option of losing money if they rush, only do that if you are veteran in trading.
I’ve been watching this bitcoin situation for a few years, assuming it would just blow over.The reason why is that it’s not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments.These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future.
legendary
Activity: 2086
Merit: 1058
March 12, 2021, 08:06:24 AM
Not being too fast though will also have you get left behind. Imagine this, what if the prices were around 100 USD and you said to yourself that there is no need to hurry, the price might drop a little but suddenly the price skyrocketed and then it didn't go back to 100 USD, wouldn't that still be a good idea to not hurry. What is better is if you have faith in something and it shows an opportunity, try to grab it because that opportunity might only happen once.
Many people think the same way you think and they make mistakes, sure there are some good traders who could act very quickly and make a profit but there are very rare of them, not many of them are like that, which is why I think it is quite obvious that we should not really focus on those rare instances but look at what generally newbies do.

Those newbies who try to act quickly to "not be left behind" end up making stupid trades and lose a lot of money, if you are good you could be doing it properly but there are very bad ones who are not like that and end up losing all their money in trading. This is why there is really nothing that could be rushed in crypto trading, that is why I believe everyone should be taking good long care about what they are doing, otherwise there is really only an option of losing money if they rush, only do that if you are veteran in trading.
sr. member
Activity: 1526
Merit: 251
March 12, 2021, 07:20:13 AM
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.
member
Activity: 949
Merit: 48
March 11, 2021, 10:59:11 PM
Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

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.

This is just your opinion based on your experienced I think. Do you know why I said this? Because there are some traders here they know if the coins are going to dump the price or pump, where they need to be in a hurry to sell before it's too late. Therefore, implementing in a hurry sometimes is good but not all the time.
I agree there are some moments that we nees to sell the token or coin, but sometimes we also need to wait and have patience to earn big profit, it  you sell in hurry there are great posibility that you can only earn small profit beause you are hurry, but if you hold it you can really earn big specially when you buy bitcoin or ethereum, just look at the price from year 2009 until 2021 and you will see how important to hold with patience.
hero member
Activity: 2996
Merit: 609
March 11, 2021, 04:47:12 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.
sr. member
Activity: 1526
Merit: 251
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.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
March 11, 2021, 09:38:46 AM
#99
Your advice is friendly to minimize losses and maximize profits.

It helps to balance everything inside this venue of business, if being executed correctly.
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Buying at a cheap price is indeed what traders expect, as this will maximize profits.

Buying when there's opportunities especially when coin is falling, dumped gives you chance to make you decent money.
Quote
But sometimes the market can not be guessed when the price of the coin is at the lowest point.

Tough to buy when the value is really dipping, you need to assess if the value will bounce again.
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With the method you suggest this may be a suitable solution for selling coins and closing trades in batch methods.

If you understand  how the market works, then it will be a good strategy to use,.
Quote
But sometimes we also need to hurry to sell if the price has been peaked, especially if the profit is maximized.
In taking your profits, as long as you work it out doing your research, selling when it's peaking is really good even you do it in rush.
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
March 11, 2021, 09:06:49 AM
#98
when people thought that crypto investment is easy, then again. It will involved a lot of mental toughness and cycles of boom and bust. So if you are a person who doesn't have the patience, then crypto trading or investing might not suit you.
That's the point, if you really get emotional when trading, you are going to make mistakes, and if you are in a hurry, you are losing money and that's why I think it is quite obvious that hurrying and emotional trading are the same things and we should not be doing any of that. We could try to make one of the work better than the other, but that doesn't change the fact that just because you are not hurrying doesn't mean you are not emotional or just because you are not emotional will not mean you are hurrying, hence most of the time they are the same thing, but rarely they are different and you should still be careful about both of them.

If people get into crypto thinking they can make easy money here, and end up losing money, that is sort of deserved, who gives anyone free money? We were here for years dealing with these prices before we made any profit, sure we made a lot of profit but nobody can say that we did that easily, we had to deal with so many ups and downs for that.
member
Activity: 518
Merit: 11
March 10, 2021, 07:51:21 PM
#97
Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

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.

This is just your opinion based on your experienced I think. Do you know why I said this? Because there are some traders here they know if the coins are going to dump the price or pump, where they need to be in a hurry to sell before it's too late. Therefore, implementing in a hurry sometimes is good but not all the time.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
March 10, 2021, 05:32:28 PM
#96
To be profitable in trading one needs to be experienced and I get your point mate although at times it's not that bad selling too quick, cuz you can't really tell what might happen the next moment, a huge dump might just occur after the pump as usual, as long as you are in profit you can sell off your holding and walk away, then for the panic buying (FOMO) its never advisable cuz it can only lead to one thing which is losses nothing else.
Well, I totally agree, experienced is the best teacher in trading overall. Every single mistake that you may experience is good if you will take down note of what is the possible cause of it. Just for you to avoid in the future not to happen again. In trading, sometimes trial and error are quite similar but every error you have will put a lesson that you will never experience again. However, if you don't have enough knowledge on trading, is far better if you are knowledgeable enough, you can minimize your loss because you are already aware of those possibilities that made you lose.
member
Activity: 616
Merit: 12
The Standard Protocol - Solving Inflation
March 10, 2021, 04:59:29 PM
#95
Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

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.
To be profitable in trading one needs to be experienced and I get your point mate although at times it's not that bad selling too quick, cuz you can't really tell what might happen the next moment, a huge dump might just occur after the pump as usual, as long as you are in profit you can sell off your holding and walk away, then for the panic buying (FOMO) its never advisable cuz it can only lead to one thing which is losses nothing else.
sr. member
Activity: 1638
Merit: 255
March 10, 2021, 04:28:31 PM
#94
Your advice is friendly to minimize losses and maximize profits. Buying at a cheap price is indeed what traders expect, as this will maximize profits. But sometimes the market can not be guessed when the price of the coin is at the lowest point. With the method you suggest this may be a suitable solution for selling coins and closing trades in batch methods. But sometimes we also need to hurry to sell if the price has been peaked, especially if the profit is maximized.
hero member
Activity: 3010
Merit: 794
March 10, 2021, 02:44:14 PM
#93
Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

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.

You are really right, there is no rush in matters such as cryptocurrency trading. I remember how I started trading cryptocurrency and was in a hurry to sell or buy, but very often later, let's say, I regretted a little that I was in a hurry. There were cases when you sell, and the price goes even higher, or you buy, and after a while you could buy cheaper. When there is little experience, then traders often take hasty and not fully thought out actions. To bypass such obstacles, you need to study the market situation more and know more about a particular crypto asset. Sometimes it is enough to study the news about the asset and then make the right decision. It's really bad to rush, but sometimes it certainly works for the good, but very very rarely.

The situation you had been mentioning on here is just a common situation even professional traders do experience on since we cant really determine the right or exact time for us to enter because price is always unpredictable.It can go neither deeper when the time we bought or would go even higher on the time we do sell.

Basing up on my experience throughout the market then i do always commit this kind of thing even no matter how hard i do try to suppress those errors but still ending up on the same calls.

I do just accept it that this is been part of a trading journey where your selling and buying decisions wouldnt be always accurate or on point on the way you wanted.Due to unpredictability of the
market then these are just common scenarios.
full member
Activity: 1946
Merit: 112
March 10, 2021, 07:36:50 AM
#92
Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

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.

You are really right, there is no rush in matters such as cryptocurrency trading. I remember how I started trading cryptocurrency and was in a hurry to sell or buy, but very often later, let's say, I regretted a little that I was in a hurry. There were cases when you sell, and the price goes even higher, or you buy, and after a while you could buy cheaper. When there is little experience, then traders often take hasty and not fully thought out actions. To bypass such obstacles, you need to study the market situation more and know more about a particular crypto asset. Sometimes it is enough to study the news about the asset and then make the right decision. It's really bad to rush, but sometimes it certainly works for the good, but very very rarely.
hero member
Activity: 2660
Merit: 551
March 10, 2021, 06:13:17 AM
#91
All you are trying to say is avoid FUDs and FOMOs. People have been warning each other about this from the very beginning, but sadly, people still fall for those fear based factors and take bad decisions that they later regret.

Yeah, it seems that people never learn from their bad decision. And even if they have experience it, they still go to that route and then regret it later.

Some stops investing once they fall for those steps, few people starts to spread negative and hate while the rest learns from their mistakes. The kind of people who learns from their mistakes are the once who actually ends up being successful, while the rest aren't able to move on and regrets their whole life.

Because it's not a good experience to begin with. And when people thought that crypto investment is easy, then again. It will involved a lot of mental toughness and cycles of boom and bust. So if you are a person who doesn't have the patience, then crypto trading or investing might not suit you.
full member
Activity: 1026
Merit: 110
Need Bounty manager ? Contact @repear71
March 10, 2021, 05:18:55 AM
#90
My experience tells to me that everything should be done on time or you'll lose your money. You don't need to be in a hurry, you just need to pay attention to the market all the time and not to miss the right moment to sell/buy.

Correct. Hurry in trading is totally mistake i think. I lose in trading almost everytime when I buy/sell with hurry. If i trade by taking time for research about market & project before buy. Hurry is bad habit from my opinion. But, I still can't leave this habit.
member
Activity: 868
Merit: 63
March 07, 2021, 12:42:38 AM
#89
Not being too fast though will also have you get left behind. Imagine this, what if the prices were around 100 USD and you said to yourself that there is no need to hurry, the price might drop a little but suddenly the price skyrocketed and then it didn't go back to 100 USD, wouldn't that still be a good idea to not hurry. What is better is if you have faith in something and it shows an opportunity, try to grab it because that opportunity might only happen once.
legendary
Activity: 2772
Merit: 1127
March 07, 2021, 12:30:40 AM
#88
Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better
Isn’t investing that little $5 to $10 dollars small? How about you just invest at once and start holding, instead of buying with that small about and then checking the market to know whether the market is going up or not, that’s because I don’t fancy that, you can be doing that and a huge opportunity will pass you by.

So, it is best to invest the money straight, but do your research before you start investing so that you don’t make a mistake that you’re going to be regretting later. Just like someone said before, it’s best to have that knowledge, than having to rely on people to do everything for you, that’s wouldn’t be nice.
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