I think you should clear your goal first.
What do you really want? Grow the amount of coins or just grow the amount of USD?
You can always sell the coin anytime at any price but what is your expectation after that?
Are you really going to buy back or you just want to ensure that profit is claimed?
Most of the time, traders get lost with wrong goals.
Topic: Selling to lock in profit question... (Read 246 times)
Do most of you lock in profit and then sort of freeroll the remaining coins? Example imagine you bought a coin at 5 dollars and bought l000 of them. Say it doubles. Now you sell half of them... in a way you are playing with house money?
CMIIW.
you buy 1000 CoinX for 10 cents each.
it means your initial money is $100.
then,
you sold 1000 CoinX for 20 cents each.
it means you get $200.
profit $100.
then,
then you all-in on CoinX at 15 cents each.
you get 1333.33 CoinX.
so,
from that situation, let's make a comparison for those 2 buy orders.
let say the price of CoinX hit 30 cents each.
without selling your CoinX at 15cents,
your $100 will become $300 (+200%)
with selling your CoinX at 15cents,
your $200 will become $400 (+100%)
but you are +300% from your initial money, which is $100.
you buy 1000 CoinX for 10 cents each.
it means your initial money is $100.
then,
you sold 1000 CoinX for 20 cents each.
it means you get $200.
profit $100.
then,
then you all-in on CoinX at 15 cents each.
you get 1333.33 CoinX.
so,
from that situation, let's make a comparison for those 2 buy orders.
let say the price of CoinX hit 30 cents each.
without selling your CoinX at 15cents,
your $100 will become $300 (+200%)
with selling your CoinX at 15cents,
your $200 will become $400 (+100%)
but you are +300% from your initial money, which is $100.
My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount? Like, am I at a more disadvantaged position because I am now purchasing the coin at 15 cents, when I had once purchased it at 10 cents? Would I be in a better position if I were to just hodl the coin I purchased cheaply instead of taking profit and reinvesting at the higher price than my original purchase price?
I quoted this part because it is simple to explain from here about what you are asking. Now the first point you have to know is this is purely trade and you don't have to hold back or keep remembering your past transaction. You can however hold back to your past transactions if you want to keep track of your profiting history which you can also check from your profile on the exchange you signed up. If you keep holding to a coin or feeling bad of selling a coin at a point you sold, you also remember you made profit ; this is purely business or trading !!!
To the issue and I couldn't read where someone told you that you made profit, move on and aim for more profit.
You bought a coin at 10 cent and lucky to have a value of 20 cent each, you sold for profit of 10 cent each (that's profit or isn't it ?).
At another point, you bought same coin at 15 cent, this is a new transaction and should be seen at new risk, the past transaction is gone, you don't have to start looking at it. You need to expect a profit on the new risk of trade taken and at worse , a loss. And the third order of trade should be judged by the rise or fall based on your entry point. The next transaction and so o are different in theurselves. Treat them independently and differently as they rise and fall and as you also make profit or lose with them.
am I at a more disadvantaged position because I am now purchasing the coin at 15 cents, when I had once purchased it at 10 cents?
Not sure how others see this but for me if I purchased a coin at 10 cents and was able to sell it off at 20 cents then I would have no problems investing again at 15 cents the profit amount from the previous trade. But this, given the coin is not falling off because at times when a coin is falling you never know if its going through a rough time or the project is dead moving ahead.I would rather sell some part of coins at 20 cents and then buy back from that profit amount at 15 like I said if there is some scope at least short term. This thing has happened to me so many times because when Bitcoin was like 10k I was confused as I bought some at 5k and was wondering if I should sell and when it reached 20k I was feeling I should have bought more at 10k and now again I think I should have bought at 20k so the cycle goes on.
taking profits is something you have to learn and this goes along with cutting your greed. you can sell at any price you desire even below the market price no matter how high it must have moved. its your decision that matters to sell at any desired price either lower or higher as long as there is liquidity.
My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount?
We can just see the advantages and disadvantages of what will happen after you sell it.
But whatever the scenario, your buyback should be the entire amount. Don't ever pull out your capital and take that until you got a good profit. More quantity means more value in return when you did it at good timing.
Some might go for the kill and expect 200% returns which I agree can happen but its more towards the gambling bracket than trading or maybe its something investors do but traders should liquidate at smaller profits.
People have already explained the basic math to you but remember that you're not tackling the whole problem here.
You're assuming that you sell at 20 and then buy back in at 15, but what if it doesn't reach 15 and you'll end up waiting for it while it goes to 18 and then back to 20 and higher. What if it doesn't stop at 20 and goes to 22 right away? You sold at 20, what do you do? Wait for a correction or buy back immediately?
These are the problems traders face every day. Selling at 2x and hoping for a 1x correction to buy back is nice but it rarely works like that.
You're assuming that you sell at 20 and then buy back in at 15, but what if it doesn't reach 15 and you'll end up waiting for it while it goes to 18 and then back to 20 and higher. What if it doesn't stop at 20 and goes to 22 right away? You sold at 20, what do you do? Wait for a correction or buy back immediately?
These are the problems traders face every day. Selling at 2x and hoping for a 1x correction to buy back is nice but it rarely works like that.
Please excuse me if this has been asked as I have searched for a while but haven't found any answers. Here is my scenario. Say I buy 1000 crypto coin 'X' in its infancy for 10 cents each. The value increases 100% so now each coin is worth 20 cents. My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount? Like, am I at a more disadvantaged position because I am now purchasing the coin at 15 cents, when I had once purchased it at 10 cents? Would I be in a better position if I were to just hodl the coin I purchased cheaply instead of taking profit and reinvesting at the higher price than my original purchase price?
Im not referring to selling and buying the coins back at a higher price, just a higher price than what I originally paid when I first bought, which was 10 cents. God, I hope this makes sense. Haha I really appreciate everyone on Bitcointalk.. everyone that i have interacted with has been very nice and extremely helpful. Thank you all!
"Equality is a way of life, not just donning the t-shirt."
Im not referring to selling and buying the coins back at a higher price, just a higher price than what I originally paid when I first bought, which was 10 cents. God, I hope this makes sense. Haha I really appreciate everyone on Bitcointalk.. everyone that i have interacted with has been very nice and extremely helpful. Thank you all!
"Equality is a way of life, not just donning the t-shirt."
Instead of cashing out 100% and then waiting to re-enter at 50% price, its better that once the coin reaches 2x, you take out the initial invested amount and keep the rest amount in trade to maximize the profits. In this market, the coins normally pump to 5x-10x and even more so you will not miss out on the gains if you quit at just 2x.
Please excuse me if this has been asked as I have searched for a while but haven't found any answers. Here is my scenario. Say I buy 1000 crypto coin 'X' in its infancy for 10 cents each. The value increases 100% so now each coin is worth 20 cents. My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount? Like, am I at a more disadvantaged position because I am now purchasing the coin at 15 cents, when I had once purchased it at 10 cents? Would I be in a better position if I were to just hodl the coin I purchased cheaply instead of taking profit and reinvesting at the higher price than my original purchase price?
Im not referring to selling and buying the coins back at a higher price, just a higher price than what I originally paid when I first bought, which was 10 cents. God, I hope this makes sense. Haha I really appreciate everyone on Bitcointalk.. everyone that i have interacted with has been very nice and extremely helpful. Thank you all!
"Equality is a way of life, not just donning the t-shirt."
Im not referring to selling and buying the coins back at a higher price, just a higher price than what I originally paid when I first bought, which was 10 cents. God, I hope this makes sense. Haha I really appreciate everyone on Bitcointalk.. everyone that i have interacted with has been very nice and extremely helpful. Thank you all!
"Equality is a way of life, not just donning the t-shirt."
I believe that before investing you need to have a clear plan of action, as this will allow you to clearly see your plan and reach your goal. If you want advice on your strategy, then you will likely receive different recommendations and this does not guarantee that you will choose the correct recommendation. But as far as your question is concerned, the task of each investor is to receive and fix the profit. If your asset has made 100% of the profit, then one of the correct actions may be the opportunity to sell the asset, so that you take your invested funds, and the remaining funds, that is, distribute the profit. Either invest it again, or do it partially. In any case, there are standard investor rules, according to which each investor must have time to at least return his funds, and the profit received can already be used at your discretion.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
Altcoins are doing impressive numbers this days, the moment you think they're due for a retraced they get pumped and achieve new highs. If I was to be in your situation, provided the coins has a bright future as that's what it seems from your statement. I would prefer to sell some portion of my coins, take out my capital and probably some profits then leave the rest to see how the market will react. Selling all puts me at a disadvantage if the coins raises and doesn't dump as you're estimating.
In a scenario when the coins does dump then I'll probably buy more provided the coins still has a bullish future. The altcoins market is full of numerous coins with potential that you shouldn't tie your success to a particular coins. If unfortunately you miss the opportunity to profit massive from that particular coins, move on and look for other gems in the market.
The current bullish season is resulting in different coins achieving over 100% in return of investment, in 24hrs especially in exchanges like Binance, you can jump in on the opportunity.
In a scenario when the coins does dump then I'll probably buy more provided the coins still has a bullish future. The altcoins market is full of numerous coins with potential that you shouldn't tie your success to a particular coins. If unfortunately you miss the opportunity to profit massive from that particular coins, move on and look for other gems in the market.
The current bullish season is resulting in different coins achieving over 100% in return of investment, in 24hrs especially in exchanges like Binance, you can jump in on the opportunity.
You will buy 15 cent coin with a different capital with you buy a coin when its price was 10, right?
That is trading work, taking a profit when you have got profit is really needed. You can set the target price and when its has been achieved you will make another strategy to entry. Or you can take your profit first before you buy the coin at 15 cent, you still get a profit when its price increase to 20 or more than that.
Unless, you are long term investor you will not set the target price that still low. In your case you will set the target profot in 50 cent at minimum. Especially at the current situation a long term hodl will set a high price than he bought. The basic starategy for investing or trading is buy at the lower price and sell at the high price, just all.
That is trading work, taking a profit when you have got profit is really needed. You can set the target price and when its has been achieved you will make another strategy to entry. Or you can take your profit first before you buy the coin at 15 cent, you still get a profit when its price increase to 20 or more than that.
Unless, you are long term investor you will not set the target price that still low. In your case you will set the target profot in 50 cent at minimum. Especially at the current situation a long term hodl will set a high price than he bought. The basic starategy for investing or trading is buy at the lower price and sell at the high price, just all.
That's one example of FOMO.
It's not trading anymore. Or should I say you are in the middle of being a holder or a trader.
Shit happens. It happens.
I have been to that point of my life before when you need to decide if you want to sell then just buy back at a lower price but greater than your initial investment.
It sucks to be in that position actually. Still, if you know the movement of the coin you are buying then there is a chance for profit in trading.
If not, better sit back and just hold it if you see a bright future ahead.
It's not trading anymore. Or should I say you are in the middle of being a holder or a trader.
Shit happens. It happens.
I have been to that point of my life before when you need to decide if you want to sell then just buy back at a lower price but greater than your initial investment.
It sucks to be in that position actually. Still, if you know the movement of the coin you are buying then there is a chance for profit in trading.
If not, better sit back and just hold it if you see a bright future ahead.
My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount?
We can just see the advantages and disadvantages of what will happen after you sell it.
But whatever the scenario, your buyback should be the entire amount. Don't ever pull out your capital and take that until you got a good profit. More quantity means more value in return when you did it at good timing.
~~~
It is not necessary to sell all the coins if you are going to trade it in the future. Sell some of the coins and you can use this money to buy coins at a lower price. It should be remembered that in a bull market, you will not be able to buy a sold coin at a lower price, because its price will rise even higher than the one at which you sold it.
It should be fine. I'm actually having difficulties on why you would even think of profiting off of a coin and then rebuying it at a lower price (since you think it'd still go up) as a disadvantage. As for the issue with the price, if you were just to look at the numbers, then yea sure you lost out since you will buy an original coin worth 10 cents as 15 now. But that isn't really taking into account all factors, so coming up with a decision solely based on that seems kinda stupid. That scenario ignores your profits of buying the coin originally from 10, so ofc you'd naturally lose out if you were to simply think about it.
The golden rule for buying altcoins (especially pumping/dumping coins/tokens) is as follows:
Let's say you have $ 100 in currency>>
- The price increased by 200% from that currency.
- Withdraw $ 100 after the rally occurred.
- Now you bought that currency for zero dollars because you invested the amount and got back.
- Whatever happens for that currency, it does not matter to you because you got it for free.
- If it has a future, keep it, else sell it.
Do not sell 100% or buy 100%. You are exposing yourself to risks.
Let's say you have $ 100 in currency>>
- The price increased by 200% from that currency.
- Withdraw $ 100 after the rally occurred.
- Now you bought that currency for zero dollars because you invested the amount and got back.
- Whatever happens for that currency, it does not matter to you because you got it for free.
- If it has a future, keep it, else sell it.
Do not sell 100% or buy 100%. You are exposing yourself to risks.
This is the way to do it.
Selling everything at 20 in the hope of buying back at 15 is like selling all your Bitcoins now in the hope of buying back at 30000$. How will you feel if instead Bitcoin goes to 100000$ ? Taking profit rarely means selling everything, it means selling some so that your position is shrinked, it could be a to an amount you have decided in advance, or typically to your initial investment.
The golden rule for buying altcoins (especially pumping/dumping coins/tokens) is as follows:
Let's say you have $ 100 in currency>>
- The price increased by 200% from that currency.
- Withdraw $ 100 after the rally occurred.
- Now you bought that currency for zero dollars because you invested the amount and got back.
- Whatever happens for that currency, it does not matter to you because you got it for free.
- If it has a future, keep it, else sell it.
That's a nice way of putting it. In a way if you can sell and get your money back + some decent profit. Buying back in would be absolutely fine so long as the coin keeps on pumping. Even if it drops you still have about 5-10% room so considering the bull run, you should be OK even in this latter scenario. Let's say you have $ 100 in currency>>
- The price increased by 200% from that currency.
- Withdraw $ 100 after the rally occurred.
- Now you bought that currency for zero dollars because you invested the amount and got back.
- Whatever happens for that currency, it does not matter to you because you got it for free.
- If it has a future, keep it, else sell it.
Please excuse me if this has been asked as I have searched for a while but haven't found any answers. Here is my scenario. Say I buy 1000 crypto coin 'X' in its infancy for 10 cents each. The value increases 100% so now each coin is worth 20 cents.
Well, what you have just done is accumulating the quantity of coin x to be 1333 meaning 333 of the coin was added to formal 1000, yes the new price of 15 cents is a good choice in this bull market period, holding that same coin will give to you some more gain if it hit back to 20 cents. Since there isn't assumptions in trading, it'd be good to have your profit at hand before moving on to decide your best step in purchasing at the 15 cents. Please excuse me if this has been asked as I have searched for a while but haven't found any answers. Here is my scenario. Say I buy 1000 crypto coin 'X' in its infancy for 10 cents each. The value increases 100% so now each coin is worth 20 cents. My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount? Like, am I at a more disadvantaged position because I am now purchasing the coin at 15 cents, when I had once purchased it at 10 cents? Would I be in a better position if I were to just hodl the coin I purchased cheaply instead of taking profit and reinvesting at the higher price than my original purchase price?
With your explicit doubts in your investments, I would say that you don't really want to lose your money nor leave the game without any profit. Honestly, everything would depend on how much risk you can take. There can only be two scenarios, one in which you take the profit and one is you hold it. Let me explain what would happen on each scenario:
- Profit is profit. If you invested for profit, then as long as you are gaining, you must already be satisfied with it. Pushing yourself to get your hopes up wouldn't do good, but would just rather lead you to greed that you might regret soon. Taking profits is often the best choice once the crypto you invested isn't doing good in its overall system and with its popularity in the market. Again, if you are satisfied, then lock it.
- If your crypto is a good and promising one for long term (example the crypto is still in development of certain additional projects that would benefit some platforms), then you can hold it. Holders are often risks their trust over the success of a certain crypto. This would be your great choice if you trusts well the crypto you are holding.
That seems to be the problem for the new investors that they're thinking of. It's not a disadvantage if you buy the coin at a higher price than you've already made a profit from it. It's just a continuous cycle depending on what your goal is for that coin.
Remember to buy low and sell high.
That's the logic that you have to remember whether you buy it at 10 or 15 cents but if that's the lowest that you've seen and you're willing to wait for a higher price to sell, that's all you need to take into account.
Remember to buy low and sell high.
That's the logic that you have to remember whether you buy it at 10 or 15 cents but if that's the lowest that you've seen and you're willing to wait for a higher price to sell, that's all you need to take into account.
Please excuse me if this has been asked as I have searched for a while but haven't found any answers. Here is my scenario. Say I buy 1000 crypto coin 'X' in its infancy for 10 cents each. The value increases 100% so now each coin is worth 20 cents. My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount?
You definitely dont lose any advantage since you are able to hold till it increase 100x but if I were you I will reinvest 50% of the entire amount while keep the remain 50% as capital to be in case another opportunity to buy cheap or invest in another good oroject occur.Like, am I at a more disadvantaged position because I am now purchasing the coin at 15 cents, when I had once purchased it at 10 cents? Would I be in a better position if I were to just hodl the coin I purchased cheaply instead of taking profit and reinvesting at the higher price than my original purchase price?
Im not referring to selling and buying the coins back at a higher price, just a higher price than what I originally paid when I first bought, which was 10 cents.
This is how crypto investment works mate.
Welcome to crypto world.
First, determine the direction of the trend. Usually, growth is accompanied by short-term falls, and on the daily/w chart, new price lows should be higher than previous ones. And, as mentioned earlier, under such conditions, you can buy the coin at the time of the fall and sell at the peak. Do not trade until you are sure that the coin has gone into long-term growth, (and don't forget to place stop losses at resistance levels).
Stay tuned for more news and information on "Circulating Supply", (price changes depending on whether the coins are being defrosted or burned). You can view this information in the technical documentation of the project, or ask the support team about it. If you are interested in market analysis, on tradingview/ideas you will find traders' opinions on many popular coins.
Stay tuned for more news and information on "Circulating Supply", (price changes depending on whether the coins are being defrosted or burned). You can view this information in the technical documentation of the project, or ask the support team about it. If you are interested in market analysis, on tradingview/ideas you will find traders' opinions on many popular coins.
Would I be in a better position if I were to just hodl the coin I purchased cheaply instead of taking profit and reinvesting at the higher price than my original purchase price?
It will always depend on you. IF you were satisfied with your current profit has, you can take it and reinvest again. But if not and you feel it will pump more, then I suggest holding more time will be better, and of course, with proper monitoring of the Bitcoin price, we know how volatile it is because sometimes greediness will lead to experience losses.IMO, I prefer to hold for how many years for the saving purpose, I believe that Bitcoin will always have a new ATH every 4 years just like what happened right now. If I'm able to accumulate a large amount back then, it will surely fold two times my profit as of now.
you purchased it at 15 cents you have more tokens to what it was before or you have more in USD value. You purchased at 10 cents with 1000 tokens that's $10 in USD value then you sell that 1000 tokens for 20 cents then you do have now $20 and you reinvest at 15 cents and you now have 1333 tokens amounting $20 compared to what's from before that only 1000 tokens (this is just an example and it exclude the fees but in real life that will be much lower, just for example purposes only) correct me if I'm wrong.
You are not wrong, the illustration that you are trying to explain is easy to understand, hopefully he can understand it too. It is true that if the profit already had $ 20 repurchased at 15 cents, he would profit from the previous amount. But what he needs to pay attention to is the sales range that will be applied. because in general the increase from 10 cents to 20 cents will return to 10 cents or at least below between 10 - 15 cents. then he must be able to manage profits with the right strategy. for example trading patterns using simple indicators such as zigzags. so the benefits can be taken right away.
hero member
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Leading Crypto Sports Betting & Casino Platform
If you can make a profit of more than 200%, then I suggest you sell it right away before the price is down because usually, the price will be down and sometimes, the price drops deeper without you know when the price will increase again. If you already sell and take profit, you can buy back the coin at any lower price, and of course, the amount will be bigger than the first time you bought. The important thing from trading is when you must take profit before it is too late, so you can buy back or buy another coin.
~snip~
^ That is how you are cutting your profit and there is no disadvantage about that.If you see that your gain was there, it is up to you if you will take the profit and hold back the remaining capital, the original amount which you purchase your coin. You have different options, take your profit and reinvest or invest them at once and wait for the coin will dump and reinvest again. Nevertheless, make sure that the coin you invest in has the potential to grow again not just because of the hype.
The golden rule for buying altcoins (especially pumping/dumping coins/tokens) is as follows:
Let's say you have $ 100 in currency>>
- The price increased by 200% from that currency.
- Withdraw $ 100 after the rally occurred.
- Now you bought that currency for zero dollars because you invested the amount and got back.
- Whatever happens for that currency, it does not matter to you because you got it for free.
- If it has a future, keep it, else sell it.
Do not sell 100% or buy 100%. You are exposing yourself to risks.
Let's say you have $ 100 in currency>>
- The price increased by 200% from that currency.
- Withdraw $ 100 after the rally occurred.
- Now you bought that currency for zero dollars because you invested the amount and got back.
- Whatever happens for that currency, it does not matter to you because you got it for free.
- If it has a future, keep it, else sell it.
Do not sell 100% or buy 100%. You are exposing yourself to risks.
Assuming the price movement was 10 cents -> 20 cents -> 15 cents
And you sold at 20 and re-bought at 15, you'd be in a better situation if the coin actually goes back up to 20 cents or higher. Why are you in a better situation despite you buying at 15 cents and not 10 cents? Because you pretty much doubled your capital already when you sold at 20 cents. Meaning, you'd have twice more capital to buy the coins at 15 cents.
And you sold at 20 and re-bought at 15, you'd be in a better situation if the coin actually goes back up to 20 cents or higher. Why are you in a better situation despite you buying at 15 cents and not 10 cents? Because you pretty much doubled your capital already when you sold at 20 cents. Meaning, you'd have twice more capital to buy the coins at 15 cents.
My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount?
No, you aren't at a disadvantage since you sell it at the high then reinvest at a retest and thinking it will make new ATH, that's fine I guess. You'd only at a disadvantage here if the coin goes to 10 cents again or lower and you sell it to cut your losses + the fees trading it. Like, am I at a more disadvantaged position because I am now purchasing the coin at 15 cents, when I had once purchased it at 10 cents? Would I be in a better position if I were to just hodl the coin I purchased cheaply instead of taking profit and reinvesting at the higher price than my original purchase price?
Well, even if you purchased it at 15 cents you have more tokens to what it was before or you have more in USD value. You purchased at 10 cents with 1000 tokens that's $10 in USD value then you sell that 1000 tokens for 20 cents then you do have now $20 and you reinvest at 15 cents and you now have 1333 tokens amounting $20 compared to what's from before that only 1000 tokens (this is just an example and it exclude the fees but in real life that will be much lower, just for example purposes only) correct me if I'm wrong. 
There are things that you could consider when locking in profit when trading. Most of the books that I've read about are advising that you lock in your profits incrementally not in a one-time thing (especially if you have a big stack of it and is worth a lot). If you do this, you open yourself up towards the possibility of even locking in more profits if it rises in price.
Imagine being able to get more than you initially thought, that's' better right because you only sold the portion of it.
If you have already done selling it, you could reinvest it in another coin unless you thing the price of that coin would still go up. You would still be in a better position because you have already taken the profit.
Imagine being able to get more than you initially thought, that's' better right because you only sold the portion of it.
If you have already done selling it, you could reinvest it in another coin unless you thing the price of that coin would still go up. You would still be in a better position because you have already taken the profit.
Well since you already made a profit at 20 cents secured the profit and then buy again with 15 cents. It's fine actually if the coin has a signal for a bullish trend 15 cents should be enough to reinvest again and cell again when the price reaches 40 cents. It's a basic way of trading "buy low and sell high" to make a profit and we are in the bullish season this strategy will work.
Also, take note of the trading fees some exchanges have a cheap fee like Binance and you can take more advantage if you hold a BNB coin in your account. You can get a 25% discount on VIP 0 or if you can get a higher VIP level you can get a more fee discount.
If you want to improve your trading skills I suggest you read the links below.
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
- https://github.com/cbailes/awesome-deep-trading
- https://github.com/Helmi/awesome-crypto
Also, take note of the trading fees some exchanges have a cheap fee like Binance and you can take more advantage if you hold a BNB coin in your account. You can get a 25% discount on VIP 0 or if you can get a higher VIP level you can get a more fee discount.
If you want to improve your trading skills I suggest you read the links below.
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
- https://github.com/cbailes/awesome-deep-trading
- https://github.com/Helmi/awesome-crypto
Please excuse me if this has been asked as I have searched for a while but haven't found any answers. Here is my scenario. Say I buy 1000 crypto coin 'X' in its infancy for 10 cents each. The value increases 100% so now each coin is worth 20 cents. My question is, do I lose any advantage by selling at this new high And when the coin retraces back down to 15 cents, reinvest the entire amount? Like, am I at a more disadvantaged position because I am now purchasing the coin at 15 cents, when I had once purchased it at 10 cents? Would I be in a better position if I were to just hodl the coin I purchased cheaply instead of taking profit and reinvesting at the higher price than my original purchase price?
Im not referring to selling and buying the coins back at a higher price, just a higher price than what I originally paid when I first bought, which was 10 cents. God, I hope this makes sense. Haha I really appreciate everyone on Bitcointalk.. everyone that i have interacted with has been very nice and extremely helpful. Thank you all!
"Equality is a way of life, not just donning the t-shirt."
Im not referring to selling and buying the coins back at a higher price, just a higher price than what I originally paid when I first bought, which was 10 cents. God, I hope this makes sense. Haha I really appreciate everyone on Bitcointalk.. everyone that i have interacted with has been very nice and extremely helpful. Thank you all!
"Equality is a way of life, not just donning the t-shirt."
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