Topic: Pump and Dump feelings (Read 316 times)

We all know that there are 2 feelings in pump and dump. Of cours if the value or price is in dump you will feel sad and at thae same time panic because they think it might be the reason for them to be bankrupt. And the other one is when the value pump and pump like it is flying to the moon. The joy is there and all of the people are craving for profits because of the pumping price of markets.

that is a good advice .. I will remember that

It's impossible to say how long the pump phase will last.

The only thing that's definite, is the higher the price is pumped, the closer it gets to being dumped.

If you ever find yourself in the same situation again, the best plan of action would be to sell your coin in bits. So instead of buying and then selling the whole amount, like you did with ADEX, you'd buy, and then as the price was pumped, continuously sell tiny little bits of what you bought.

For example, lets say you bought 1 ADEX at 10,000. Once the pump gets to 10,500 you sell 0.2. Then once it reaches 11,000 you sell another 0.2 and so on and so on...until eventually you've sold whole lot. By selling in bits you don't have to worry about how long the pump will last, because you'll be securing profits as the price rises. Plus you can always keep a tiny bit of coin invested, so if the price goes up a really long way, you'll still be making money from it.

If I were in your situation I would try to watch over it while it pumps and wouldn't sell. I would try to put trailing stops and continue on watching it until I can get a huge profit.

Ofcourse we are very happy when the altcoin or crypto that we hold is increasing its price because we gain profit in it. And we're sad also if we saw the price is dump because if we calculated it, we will going to lose but whatever happens, we need to move on and go on.

If this is a logical pamp, for example after the release of some news or just by this time the market was already ready for it, then everything is simple. You need to stay abreast of the main news in the world of crypto currency. You also need to understand what technical analysis is and how to use it. This in combination will give you an idea of ​​the situation that now exists and which will soon be there. With the help of these skills, you will be able to build reasonable assumptions about the movement of prices. So, for example, when in the middle of July the price bitcoin, drew the figure of the technical analysis of the head and shoulders, it was possible to build a well-founded prediction that soon the price would move to the area of ​​$ 8000 (which we saw).
And if we are talking about an unexpected pampa for no reason, then everything is much more complicated. It is impossible to calculate or predict. Simply, if you become a participant in this, you need to work promptly and wait with a prepared warrant for sale at a high price (constantly changing the price to a higher one if growth continues). So, for example, if you bought 10507, and the price reached already 15000, then (even if you did not manage to sell 15000) on 14500-13 500 it was realistic to confirm your order.
But in any case, you managed to cope with your emotions and sell, having received a profit. I think that after this pump the coin was waiting for a strong dump. So my congratulations wuth the profit!

unfortunately its now the ADX price around 4900 Satoshi and it's almost 50% lost its price.

may differ from the time when you bought when I am in the position now.
but my expectation ADX back again to the price of 10,000 satoshi as you mentioned above.

Be thankful if u feEl a pump and dump fEElings.. N0t everyone kn0w how to trade and feEl what you feEl in terms o trading.

you are very lucky with trading like that and can make you happy. because out there maybe no one like you.

be grateful because it takes a long process to go through it, while you process the profit is very fast.

Definitely, like I see OP was not being greedy in that situation and that's a good start tho and even he didn't profited a lot it's just fine because at the end of the day what matters most is he profited despite of the amount.

Being greedy won't give us anything but just all losses.

Don't ever have regret over making profit, that's a doorway to letting your emotions take over your trades.  Sure, maybe you could've made more, but it could've tanked and you could've lost more as well.   You can monitor it closely and constantly set up stop loss orders so that it triggers sales before it drops too fast, though.  I still would just take profit and be happy with it, there's always another coin that's rising.

This is genuine reason. But still I will go for this holding option. Reason is, this has become a wonderful source of income and a wonderful chance for getting so big profits. People are earning profits from daily trading as well, but if comparison is made, you will be getting to know that long term investments have more potential to give big profit ratios than this day trading.

Wow!! that's what concerns me.. know how to avoid losses and deal with them is as important as to win.
What happened with you expands a lot the way how I see pumps now

Actually, i've realized that as long as you sold with profit, it's a good trade. You'll never know at what price these people will decide to dump. Last year i had the same experience and watched live how bitcoin cash pumped to almost double the amount of purchase. I waited and waited and the pump probably lasted for a good 15 minutes. I ended up selling at a 15% loss because of being too greedy and was unable to sell during the pump

The OP has a good timing. He entered smoothly in trading and what he earned will probably, ignite him to enter in trade. The thing is, how will the OP feels if his holded coin dumped? I think what he felt right now is reversed on what others felt during bearish season.
Trading is a matter of perfect timing. If you are lucky then it is easy for you to have profits without waiting for a long time.

These is where hodl is important. Seeing just a bit of profit does not define the final pump of an altcoins or maybe it was just a start of it's rise. Sometimes patience is what wee need to have a bigger gain than what we have expected to have.

Yeah! Your right, 20-30% of gain is already enough, don't be too greedy cause in the you would regret that you didn't  convert it when the time that Bitcoin is increasing it's market value. Always set a limitation so you could easily decide in time that you need a quick decision.

You guys might think that it is best way to earn profits but its not really. There are many more risks involved in such pump dump strategies. Also as far as I know and I have read that "artificial pump-dump" is illegal thing to do on any exchanger. It kills the market and creates the FUD thing on the exchanger and in loyal investors. This can disturb the project funds too. Its better not to do it and if your account is caught during this kind of activity then they canna it too. (The exchangers_)
I am sure you will find many groups who are involved in this kind of activity. However there is risk, many time people dont fill the orders and get scammed without reaching the profit wall. This has been written in many threads and from there I can tell this surely. Better avoid it, its not fun.

I feel sad for you man.. I'm sure that you will resist and make profits with the coin that you are holding!
I studied a lot of technical analys.. I fear that it could not predict such crazy human behaviour XD I trade using it tho

exactly! things could be catastrophic lel

True.. yes, I'm happy HAHAh but I dont think it could be predicted only using technical analisys.. It's easier to predict the pump finish line as you said :d

Yeah, very lucky.. I was so in panic watching price move like that XD that's why I left so fast which was good also
I have a small balance, so all my orders are full.. but it is also a good way to secure all the balance entering with only a part of it.. thanks for the tip

It's like watch a war which we are involved xD some people die, in this war :s such is life, war is not for kids!! we have to keep fighting, always!!

In forex, when there are big news, market pumps and dumps in diferent ways.. some times, when there are good news, market goes down.. its insanely crazy but happens.. I think it is because the big institutions want to take all the stoplosses before let the price go higher.. I saw a few people building bots with some kind of hedge channel using martingale.. it's a little hard to explain how it works but in any direction that price goes, the bot will win.. It only loses if price stay in range, which will not happen in big news.. I never saw a sucessfull bot using this kind of technic. It's logical to think that it should work but it does not.. not for ever because martingale is a gamble method and can break account with consecutive losses..Buuuut, with crypto tading, it is diferent because pumps happens anytime independtly of big news.. when they happen, most of time it pumps first, diferently from forex.. would be nice to test the same hedge martingale bot in crypto trading using some kind of price acelerator bot to detect anormal volume in the coin as an entering point.. idk lol, it might not work. But I will surely build a price acelerator bot, not for trade automatically but to get all the information before possible pumps..

Write in a personal message who can teach how to feel the pumps. This is a very important skill. I will share a part of the profits.