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Topic: Never Be in a hurry - page 2. (Read 2226 times)

legendary
Activity: 2310
Merit: 1068
Leading Crypto Sports Betting & Casino Platform
May 11, 2022, 03:26:41 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 a good advice for every trader out there, this is not just for newbies alone but also for professionals, I personal am a victim to this, each time I find a good coin to invest in, am always in a hurry to buy in, most especially when the price is rising, I've gotten burnt a couple of times due to this, and seeing this post now made me remember those times, I hurriedly went all-in into a coin on an exchange because the price was rising, 30 minutes later, I realized I could have bought it way cheaper if only I waited a bit, this means the pump was fake.
So sincerely, hurrying to buy or sell off an investment truly is a bad way to trade most especially good coins.
legendary
Activity: 3094
Merit: 1127
May 11, 2022, 03:22:54 PM
Sell in a hurry sometimes is good. You'll never know when the pump will end, as long as it's a profitable price for you to sell, you can sell as quickly as you can. But I agree about selling in batches, that will do the trick if you are hesitant to sell all that you've got.
That can help you to minimize your potential missed profits if ever the market goes up and if the market goes down, you'll just have to hold it and wait until it goes up again.
Setting limit orders can be profitable because it's done with cold calculation and no rush, just a pre-thought-out plan, right?
If you do really love that hands-free or doesnt really need to stare out on your monitor all day the setting limit orders would be the key which it would really be taking action
once it do hits up on your desired price of a certain coin which you wont really be stressing out yourself on checking the market condition every now and then.
When dealing with trading decisions then its just really that understandable that you shouldnt really put yourself in a hurry because having this thing would
really just be resulting into more mistakes.
newbie
Activity: 24
Merit: 0
May 11, 2022, 10:48:30 AM
Sell in a hurry sometimes is good. You'll never know when the pump will end, as long as it's a profitable price for you to sell, you can sell as quickly as you can. But I agree about selling in batches, that will do the trick if you are hesitant to sell all that you've got.
That can help you to minimize your potential missed profits if ever the market goes up and if the market goes down, you'll just have to hold it and wait until it goes up again.
Setting limit orders can be profitable because it's done with cold calculation and no rush, just a pre-thought-out plan, right?
full member
Activity: 854
Merit: 100
The OGz Club
May 11, 2022, 09:55:56 AM
Humans are the place of nature, especially regarding that behavior, of course it will be difficult to eliminate,
the nature of hurry is a trait that is very difficult to control, just like greed,
both traits must be learned by means of one's own experience in dealing with it.
jr. member
Activity: 98
Merit: 2
May 11, 2022, 09:49:53 AM
Unfortunately, the rush really often negates any efforts of the trader. You need to be prepared for the fact that all trader's decisions are clear and balanced.
hero member
Activity: 826
Merit: 583
May 11, 2022, 08:50:00 AM
Quote
Buying in a hurry can be a bad trading strategy but when it comes to selling sometimes it's best to sell in a hurry especially if you have made a very high ROI it will give you a better time to reevaluate you strategy and research to know if the coin is worth buying more or pulling out from the project completely. sometimes holding on to a good profit might instill greed that could wipe off an entire profit

Exactly, those that hurry to purchased bitcon when the price was $40,000 few months ago are seriously regretting for the current price in the market. I think, many people has learned from other people mistakes never to be in hurry to purchase coins from the market than to exercise patience for the price to reduce more before they can buy and hold for the price to increase higher before they can sell to make a passive income.  Apply hurry sometimes to sell in the market is favourable when you are active with your personal research.
I'm sure a hasty attitude or maybe panic buying in crypto trading is common to anyone. especially for those who have not mastered market analysis techniques.
but after making such a mistake, I'm sure it will provide valuable experience and knowledge for traders in making plans in the future.
it's not easy but it can be learned and done by anyone. It all depends on the will of the trader himself.
full member
Activity: 2044
Merit: 165
May 11, 2022, 07:27:15 AM
Quote
Buying in a hurry can be a bad trading strategy but when it comes to selling sometimes it's best to sell in a hurry especially if you have made a very high ROI it will give you a better time to reevaluate you strategy and research to know if the coin is worth buying more or pulling out from the project completely. sometimes holding on to a good profit might instill greed that could wipe off an entire profit

Exactly, those that hurry to purchased bitcon when the price was $40,000 few months ago are seriously regretting for the current price in the market. I think, many people has learned from other people mistakes never to be in hurry to purchase coins from the market than to exercise patience for the price to reduce more before they can buy and hold for the price to increase higher before they can sell to make a passive income.  Apply hurry sometimes to sell in the market is favourable when you are active with your personal research.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
May 11, 2022, 02:18:22 AM
Buying in a hurry can be a bad trading strategy but when it comes to selling sometimes it's best to sell in a hurry especially if you have made a very high ROI it will give you a better time to reevaluate you strategy and research to know if the coin is worth buying more or pulling out from the project completely. sometimes holding on to a good profit might instill greed that could wipe off an entire profit
member
Activity: 602
Merit: 11
May 10, 2022, 05:02:47 PM
I see many people mention Fomo or fud. The reality is that it is not just fomo or fud that lets so many traders be in an hurry. If you are trading profits for upkeep, trading crypto currency with borrowed funds; or trading with capital that is your only source of cash flow; you will always be in a hurry.

Please traders, make sure that you have a good alternative source of cash flow before trading crypto currency
Trading crypto involved a lot of risks. Cryptocurrency required patience. Before trading Crypto, you need to set your mindset that it's entirely about patience. I have seen most cases where traders sell their coin, coins that they bought high and sell low due to their impatience. Although the market might threaten you to sell your coins when you see your coins dipping, its breaks down someone emotionally but you should learn to be strong when dealing with Cryptocurrency. As they always say, Crypto is not for the weak, rather only the strong survive in the space.
rushing in all areas is not good. especially in trading, we must have the patience to wait so that when we enter the market it is really effective in getting the price. This hasty action is human if we do it, but we must have control over it, because this will harm us when deciding to enter the market or determine targets.
legendary
Activity: 3094
Merit: 1127
May 10, 2022, 04:54:47 PM
I see many people mention Fomo or fud. The reality is that it is not just fomo or fud that lets so many traders be in an hurry. If you are trading profits for upkeep, trading crypto currency with borrowed funds; or trading with capital that is your only source of cash flow; you will always be in a hurry.

Please traders, make sure that you have a good alternative source of cash flow before trading crypto currency
Trading crypto involved a lot of risks. Cryptocurrency required patience. Before trading Crypto, you need to set your mindset that it's entirely about patience. I have seen most cases where traders sell their coin, coins that they bought high and sell low due to their impatience. Although the market might threaten you to sell your coins when you see your coins dipping, its breaks down someone emotionally but you should learn to be strong when dealing with Cryptocurrency. As they always say, Crypto is not for the weak, rather only the strong survive in the space.
Patience is a main factor on which someone should really have because if you do make yourself always in a hurry or making out decisions without having consideration or doesnt have that much
waiting time and immediately make out decisions on point then losing chance is really high, im not saying its bad to make immediate actions considering that price is way too volatile
but always base with your own analysis and other stuffs before making further step.You cant just dive in and get out without having preparations
but if you do see that its an effective way for you then go ahead.
full member
Activity: 840
Merit: 137
May 10, 2022, 03:01:32 PM
I see many people mention Fomo or fud. The reality is that it is not just fomo or fud that lets so many traders be in an hurry. If you are trading profits for upkeep, trading crypto currency with borrowed funds; or trading with capital that is your only source of cash flow; you will always be in a hurry.

Please traders, make sure that you have a good alternative source of cash flow before trading crypto currency
Trading crypto involved a lot of risks. Cryptocurrency required patience. Before trading Crypto, you need to set your mindset that it's entirely about patience. I have seen most cases where traders sell their coin, coins that they bought high and sell low due to their impatience. Although the market might threaten you to sell your coins when you see your coins dipping, its breaks down someone emotionally but you should learn to be strong when dealing with Cryptocurrency. As they always say, Crypto is not for the weak, rather only the strong survive in the space.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
May 10, 2022, 02:15:24 PM
Hurry in cryptocurrency is never acceptable. If you want to sell crypto you can do it fast. But in my opinion it is better to take some time to buy and sell anything in crypto currency. Just recheck before sending or buying anything. If it takes some times no problem but never make anything in a hurry.
sr. member
Activity: 1806
Merit: 295
May 10, 2022, 12:15:11 PM
I see many people mention Fomo or fud. The reality is that it is not just fomo or fud that lets so many traders be in an hurry. If you are trading profits for upkeep, trading crypto currency with borrowed funds; or trading with capital that is your only source of cash flow; you will always be in a hurry.

Please traders, make sure that you have a good alternative source of cash flow before trading crypto currency
full member
Activity: 1386
Merit: 101
ComboLabs
May 10, 2022, 05:08:57 AM
Of course before starting to trade we must first understand what we have to do and besides that we have to consider many things too,
As far as I know, each trader/investor has their own target to sell a crypto coin. So, they must already plan to sell the coin at a certain price. If the price of the coin meets the target, simply sell all the coins. Don't be greedy to earn bigger profits, don't too expect a higher price from good news. I ever tried to keep my coin because of good news, then I regret it since it is a trap made by the whales. So, just focus on your target, that's all!!

It should be that every trader must have their own target and of course they usually determine the target before starting to trade,
greed will indeed lead us to loss and ultimately regret,
so it's true what you said when it reached the target than we wanted it's better to decide to sell it
member
Activity: 336
Merit: 41
May 10, 2022, 04:31:01 AM
The patience is actually required in trading but sometimes been in a hurry to trade out your coin in certain conditions does really pays off, especially when there's a pump in the market price when compared to the price at which you bought the coin.

In such situation if one decides to exercise some patience thinking the market price will getting much higher and better in a little time than it currently is, but within  the moments of waiting in patience for higher market price so before you sell, and the price now drop drastically (which is very possible), then you end up wondering why you refused to grab the opportunity of that moment.

To me personally, Cryptocurrency is just an opportunity based trading and this opportunity comes in vary ways for different folks.
full member
Activity: 378
Merit: 101
Estimated.Pro - Crypto Signals. Free.
May 08, 2022, 12:02:26 PM
"Never be in a hurry" which basically equates to avoiding being caught in the FOMO is both the most basic and the most valuable advice that a newbie trader can get. But, as it always happens, it’s easier said than done. It’s super hard to resist betting big on crypto that’s pumping right before your eyes. That’s the thing about trading - it looks calm and somewhat boring from the outside, but on the inside, it’s an emotional rollercoaster, especially when it comes to crypto. But on the other hand, constantly restraining yourself results in lost opportunities. In my opinion, it always narrows down not so much to patience but to risk and money management, the factors that also were mentioned in the original post.
full member
Activity: 1946
Merit: 112
May 08, 2022, 11:16:19 AM
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 absolutely right, one of the important rules in testing is not to rush. Many beginners ignore the main rules of investing and lose all their funds very quickly. They just want to quickly get the maximum profit, but as practice shows, this strategy is deceptive and does not bring anything good. If you are a beginner and would like to start investing in cryptocurrencies and be successful, then you need a strategy, but it must include deliberate actions, for example, do not invest everything in one asset, carefully study the asset of your choice and then only invest. I can also add from personal experience that one of the important factors is the task of getting the first profit, albeit not a big one, this motivates and gives confidence that you are doing everything right.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
May 05, 2022, 07:25:41 PM
Of course before starting to trade we must first understand what we have to do and besides that we have to consider many things too,
As far as I know, each trader/investor has their own target to sell a crypto coin. So, they must already plan to sell the coin at a certain price. If the price of the coin meets the target, simply sell all the coins. Don't be greedy to earn bigger profits, don't too expect a higher price from good news. I ever tried to keep my coin because of good news, then I regret it since it is a trap made by the whales. So, just focus on your target, that's all!!

The same applies with the buying. It is very rare to see people going for a buy of specific coin all of the sudden. In most of the cases people invest after watching the market for a long. So, same as the selling target we should have the buying target. This will let you buy at the expected price. Here we should have understanding about the market and should quote a price that gets executed within specific time limit if you're into trading, if the investment is for long term holding then just quote and leave it for the execution of buy order.
legendary
Activity: 2226
Merit: 1086
Free Bitcoins Every Hour!
May 05, 2022, 07:12:14 PM
Of course before starting to trade we must first understand what we have to do and besides that we have to consider many things too,
As far as I know, each trader/investor has their own target to sell a crypto coin. So, they must already plan to sell the coin at a certain price. If the price of the coin meets the target, simply sell all the coins. Don't be greedy to earn bigger profits, don't too expect a higher price from good news. I ever tried to keep my coin because of good news, then I regret it since it is a trap made by the whales. So, just focus on your target, that's all!!
sr. member
Activity: 2002
Merit: 250
May 05, 2022, 06:57:06 PM
It expects on the coin though. Because, sometimes, it really worth been in hurry. Although, is generally not good to hurry went either buying or selling in Crypto. What is required from a trader is been smart enough to buy and sell at the right time. However, fear is what contributes mainly to traders hurriedly closing trade. Therefore, we should try as much as possible to be in the right state of mind, and not panic when it comes to investing or trading in Crypto.

No matter how good a coin is, if you can't buy it at a good price it won't be able to make a profit for you. Always stay awake in all cases to make the right decision, do not rush to trade without any calculations. Investment is necessary to have a strategy, specific goals, carefully researched before trading, otherwise they will not only bring profits but also make us lose a lot.
Crypto is a volatile market so if you miss one then wait for another, don't rush.
Of course before starting to trade we must first understand what we have to do and besides that we have to consider many things too,
trading is not only about buying and selling coins and I think you can say it is very complex,
What is clear is that it must be considered in order to make the right decision
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