Topic: Never Be in a hurry - page 15. (Read 2290 times)
Being in a hurry is sometimes good but most of the time is bad. Being in a hurry can sometimes be good in a sense that you are following the hype and the flow of the events in the market enabling you to get along on the market movement. Being in a hurry is mostly bad for you are being driven by emotions and you are still not yet composed of how can you possibly deal if sudden unexpected happen and since you have just get into a hurry buying and selling your coins, you will be regretful and frustrations will come along with you. Better be careful and wise on engaging with the market for it is not a race and you must strategize first so that you will not be in a panic situation because you know what you are doing.
When it comes to cryptocurrency you don't have to rush whenever you are buying a coin or whenever you are selling a coin!!! When you want to buy a coin you don't have to be in hurry to buy it, you don't just have to rush to buy a coin just because you notice the price of the coin is pumping already you will also like to rush and buy the coin when you are trading that's a bad thing to do and when you are also buying a coin you don't have to buy all at once I think is better you buy in percentage when a coin price is down you can buy like 20%, whenever it dump more or pump more you can still buy 20% again avoid buying all your coins at once. Whenever you are trading you have to avoid rushing to sell your coin whenever is dumping just make sure you are holding a good coin and you don't have to rush and sell and make sure whenever you are also selling always sell in percentage don't sell at once.
Sometimes you still need to hurry. For example, after a promising altcoin faces a strong rally. Then you can really be late. Therefore, you still need to collect a position for each trading instrument in advance. If we were never late, then there would be no point in trading on the stock exchange. Fortunately, this is not the case. Timing plays a very important role in our life. Each position must therefore admit a certain percentage of error.
Timing is everything and every decision would make would neither result into good or bad outcome basing off on the market randomness.We cant really able to predict on whats ahead thats why we do make lots of ways or methods to do some analysis which might or might not be that effective towards it.
Hurrying on everything wont really give out an advantage but doesnt mean that it would be having negative effects either.
Its just a matter if certain action would be appropriate or not.
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That "batches" part quite varies on my end. Sometimes I sell small especially when that coin was for a longer-term and go back to hodling again. I never zeroed out my coins cause that feels draining in my sanity actually.
Some people just tend to hurry in newer projects because they fear that those fancy discounts or price corrections is the last lowest price they can buy at.
Here in Bitcoin, some people tend to panic or overreact when the price just seemingly goes red a bit and when some celebrities just said something about a certain coin.
It's hard to predict since the nature of this market is really very volatile, it's always good to have your own
setup plans in order not to missed your chances to earn, there are traders who continue to work with certain
projects that they've believe that it will boom out in their target time frame, you don't need hurry things out,
a good back up plans will help you to figure things out.
To trade, you need to control yourself and control your emotions. I have been involved in the crypto market for a few years now, and I have learned from trading in the crypto market that you can do better by controlling yourself. If you have knowledge about trading then you will understand what is the reason for pumping the market, because suddenly due to pumping the market, many traders become interested in hurry buying. And as a result they face problems later. If you want to get out of selling hurry buy and hurry you need to have proper trading knowledge.
With the right technical and fundamental analysis you will be able to find the right direction that will show you the target to buy and sell.
With the right technical and fundamental analysis you will be able to find the right direction that will show you the target to buy and sell.
I tend to agree with the OP, never be in hurry. But isn't also had a problem if your profit was there much better so sell the half and the remaining amount might hold back again. The common problem of traders are those emotions and panic selling is one of the biggest emotion that should traders needs to be controlled. But it's a different story if you have to hold altcoins or let say new projects, I will mostly sell them all once I needed because holding altcoins are might risky.
Sometimes our greediness makes us down if we're not contented with having profited from trading but I will call you the dumbest person I've known if you will sell your Bitcoin under the price you'd purchased.
Sometimes our greediness makes us down if we're not contented with having profited from trading but I will call you the dumbest person I've known if you will sell your Bitcoin under the price you'd purchased.
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That "batches" part quite varies on my end. Sometimes I sell small especially when that coin was for a longer-term and go back to hodling again. I never zeroed out my coins cause that feels draining in my sanity actually.
Some people just tend to hurry in newer projects because they fear that those fancy discounts or price corrections is the last lowest price they can buy at.
Here in Bitcoin, some people tend to panic or overreact when the price just seemingly goes red a bit and when some celebrities just said something about a certain coin.
Sometimes you still need to hurry. For example, after a promising altcoin faces a strong rally. Then you can really be late. Therefore, you still need to collect a position for each trading instrument in advance. If we were never late, then there would be no point in trading on the stock exchange. Fortunately, this is not the case. Timing plays a very important role in our life. Each position must therefore admit a certain percentage of error.
You will be in a hurry if you are having some shitcoin that you bought in back in 2017 hoping it to be the next bitcoin (< it was common then) and then you have not been in any position to sell it in the crypto-winter. Like Doge for example, when it pumped we saw a massive selling pressure and that is not a bad thing though - getting the cesspool in your portfolio out is a good thing to do.
What is actually bad is panic selling or panic buying. People have panic sold bitcoin thinking it will not come back up but such fears are irrational and only lead to loss of money. This also happens when your basic belief of bitcoin is weak and therefore such a person should not enter trading.
Dont be FOMOed when Musk pumps the next coin. Sell it when he does though. Dont trust these people at all.
What is actually bad is panic selling or panic buying. People have panic sold bitcoin thinking it will not come back up but such fears are irrational and only lead to loss of money. This also happens when your basic belief of bitcoin is weak and therefore such a person should not enter trading.
Dont be FOMOed when Musk pumps the next coin. Sell it when he does though. Dont trust these people at all.
The method called DCA (Dollar Cost Averaging), where you being on hold to do it all (investment) at one time. The opposite of the lumpsump method.
It's all about our mentality of facing the market. We can't predict the market appropriately, that's why I agree with all op has said. Buy gradually, sell in batches.
It's all about our mentality of facing the market. We can't predict the market appropriately, that's why I agree with all op has said. Buy gradually, sell in batches.
Worst situation you could image being in a hurry is trading. Several times I have bought alts ten times more expensive, because I accidentally failes with decimals. Also few times I have entered trading pair, examined the graph and placed buy order quickly (with the price that offered me exchange, when I enter pair), when the current price is already lover.
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.
Yup. Hurry is a bad quality in life, work, business, and investment. When buying / selling in a hurry often does not have enough time to think about, stress always makes us lose the opportunity to grasp the situation. Sometimes, selling or buying in a hurry causes you to enter the hallucination of an emotion. And then, losses are worse by the next decision. Hurry is the enemy of crypto. It is a nature that needs to be changed in order to make a better profit / income. 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.
It's not that you're not supposed to ever feel being hurried, but you should know when being in a hurry is negatively affecting your judgment, though generally hurrying means that your emotions are getting the best out of you, there would be some rare instances that it doesn't I'd suppose. The idea of trading whatever you can, no matter how small is quite good though. Probably why I also enjoyed trading with virtual money back then, even though it absolutely has no value, just seeing that my plans were actually doing something positive is enough to influence me to start trading, even with a small capital (though I quit since im too emotional).
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.
I realize that trading could somewhat need luck also, coz we can't be all in good times always.
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.
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's right, one of the keys that is needed is patience. In buying or selling currency, it is necessary to consider whether the currency will rise or fall.
Especially as a short-term trader, patience and thoroughness are needed in every purchase or sale of the selected currency.
Likewise we as long-term investors. We must be sure of the funds that have been invested in the currency that has been selected. Of course, investing in that currency. Even though it looks easy, it is precisely investing that requires patience. The accuracy and certainty need to be reconsidered in buying currency.
And it is also true what you said, to start investing, we put small funds first, to monitor whether the currency can be used as an asset later, before we invested our funds in large amounts. And one more thing, don't invest all of the funds you have, because some of it can be used for a return on investment if you experience a loss.
The best thing you can do as a beginner is to get as much information as possible, FOMO can never be out of the conversation it will always affects trading in a certain way since its not always a bad thing, if you can control your emotion and approach things intellectual you'll do good. I usually use a 3 days rule where I will use the 3 days to decide if I should or not buy a coin, I call it testing water where if the have a positive market range in that 3 day span then that's where I buy.
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
Rule #1: Don't chase the marketRule #2: If you don't see reasons why price is moving or will move up more, don't join the market.
FOMO Trades are for the times when price breaks resistances after a few times of testing, failures, and retesting. When resistance is broken up, price will rise significantly. Chase the market is different as people don't know what they are doing and why price is moving up. They will fall into panic sells consequently and they don't have too much higher levels to take profits.
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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.
With profit taking method, you are right. Selling all your coins or tokens at one price can cause missing chances if the market only moves to a little bit lower than your set price. In addition, if you sell all at one price, and your amount is big enough in that trading pair, you can unintentionally create sell wall. Sell walls result in fear on the buyers and they might hesitate a lot to buy your orders.It can be different if the sell walls are set up by whales (real whales) to wait for liquidations.
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
Of course, as this involved your hard earn money, you need to be very very careful of which coin you are going to invest. I'm sure many of us here learn a very expensive lesson when we are just a newbie or beginner in this crypto trading. The thing is, we should learn from our past mistakes.
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 have a point in selling, but it depends on the individual itself. For me if I sell a certain coin at once, I never look back so that I won't regret my decision if the price goes up again. At least I'm satisfied with my exit strategy.
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.
Selling or buying a coin needs some proper knowledge before doing so. That is why it will be a great help if we know how to read technical analysis. So we don't hustily ride on a hype or suddenly jump to buy coins at peak.
While I agree at some point that selling first batch, second batch method is good when the market is continuosly bullish because that's what i did with my bitcoin though. Selling some part when it was reached $19k but still holding some and planning to sell it again this time with decent profits now.
NO, it will depend on which crypto you are trying to sell in hurry, sometimes it is good to sell in hurry. I have been in bounty for how many years after a coin will be listed on an exchange, it is expected that it will drop, and the first price when it is listed is a pretty big amount. So, I don't hesitate my self to sell in a hurry if I know that the project did not have the potential to increase.
But if in bitcoin, it is a different story, I will hold as much as I can.
But if in bitcoin, it is a different story, I will hold as much as I can.
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