Since I am mostly trading bitcoin, I rarely see that number, but of course yes, in Bitcoin if the price falls any place more than 5% of current price it is a good position to buy. However this percentage will change with change in the base price. Meaning that back in Bitcoin price 600$/BTC the 5% drop would mean much less than Bitcoin price of 60000$/BTC, I hope you understand the angle.
So it's safe to buy bitcoin if the price falls is 5% because there will be time for the price to go up again. will this only happen in the bullish period? how about the bearish moment? The price of bitcoin is the benchmark for dump and pump altcoins, so I will be more careful in choosing altcoins 
Topic: simple technique of selling high and buying low. - page 5. (Read 670 times)
Selling high and buying low doesn't only mean that you only need to do that, the most difficult part imo is identifying when that "low" and when that "high" is. Though in general, every dip is actually an opportunity, just that it's one thing to buy on a dip, it's another to actually maximize the profits you could get. I mostly avoid try to actually getting it and instead opt to what I could guarantee just so I could avoid losing what I was supposed to have already won.
OP is desparate for money i guess. If anyone know exactly how to buy low and sell high, we all already on Forbes list right now. Instead buy low sell high, how about buy - forget - and HODL? it will be much better than trading for pennies.
All coin are same, either it bitcoin or altcoin, actually all coins are pump and dump. What makes them different only which coin usually get more attention and the usage of that coin.
Ey, Buy low and sell high is basically day trading, and a faster way to earn instead of HODL. OP might need it immediately you never know. HODL takes way too much time to actually profit from, especially right now taking into consideration that the BTC market just recently hit ATH. All coin are same, either it bitcoin or altcoin, actually all coins are pump and dump. What makes them different only which coin usually get more attention and the usage of that coin.
Lots of coffee will help here. 
You need to keep on monitoring the price and that means being awake.
Twitter, Facebook, Telegram, and Discord. Follow everything that could alert/guide you into being updated with price movements.
Binance is a good choice. Install the android application and put the coins you are trading in your favorites for a daily price alert.
I think Trust Wallet also does the same. (I'll check later.) You might want to add that to your list.
Go back to basics. Being a trader means learning more from the start.
You need to keep on monitoring the price and that means being awake. Twitter, Facebook, Telegram, and Discord. Follow everything that could alert/guide you into being updated with price movements.
Binance is a good choice. Install the android application and put the coins you are trading in your favorites for a daily price alert.
I think Trust Wallet also does the same. (I'll check later.) You might want to add that to your list.
Go back to basics. Being a trader means learning more from the start.
profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt. if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.
Buy low and sell high that is the strategy so you need to execute them in own way because if it is possible to draw a formula to find how to find the exact time to sell and buy then the person could be a millionaire now.
OP is desparate for money i guess. If anyone know exactly how to buy low and sell high, we all already on Forbes list right now. Instead buy low sell high, how about buy - forget - and HODL? it will be much better than trading for pennies.
All coin are same, either it bitcoin or altcoin, actually all coins are pump and dump. What makes them different only which coin usually get more attention and the usage of that coin.
All coin are same, either it bitcoin or altcoin, actually all coins are pump and dump. What makes them different only which coin usually get more attention and the usage of that coin.
Do you mean that when the price drops to 20% or more%, this is a good time to buy? I tried that method but when I buy the price drop again. It is true that you say understanding market conditions and situations is the knowledge not to lose buying and selling moments in trading.
Since I am mostly trading bitcoin, I rarely see that number, but of course yes, in Bitcoin if the price falls any place more than 5% of current price it is a good position to buy. However this percentage will change with change in the base price. Meaning that back in Bitcoin price 600$/BTC the 5% drop would mean much less than Bitcoin price of 60000$/BTC, I hope you understand the angle.Now going to altcoins, such dumps are more common there and the base price is not that high that even 20% drop can make up a large chunk. Hence I avoid trading in altcoins. But for your advice, the swings in altcoins will be much higher and you are somewhat in a bad ground that if the price keeps dropping. You could attempt to hold from there and not buy any more hoping to exit the position if it rises again.
Again altcoins will end up often as Pump and Dump and often go beyond your control. It is therefore adviseable to reduce your portfolio of altcoins to a bare minimum of the top altcoins in the market.
profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt. if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.
consistency in the analysis of the framework is needed. we don't know when the price will peak or be in the valley. Therefore, with a framework we can determine the maximum profit and maximum risk if a cut loss occurs according to our portion. One thing I generally tell others to make sure they dont miss out is to buy in every dip after a certain percentage drop in price
Do you mean that when the price drops to 20% or more%, this is a good time to buy? I tried that method but when I buy the price drop again. It is true that you say understanding market conditions and situations is the knowledge not to lose buying and selling moments in trading.
One thing I generally tell others to make sure they dont miss out is to buy in every dip after a certain percentage drop in price - keep those listed in a excel sheet and accordingly sell them at a profit whenever the rise happens.
You might think that you are going to buy at the perfect dip, but the perfect dip never happens - so you must capitalize on the dips that happens, like for example, yesterday and the day before bitcoin was down to 52k USD Levels and now if you bought there and sold today when it is back to 55k or more, you have made a profit.
A huge dump is less likely to happen right away, hence the division of liquid cash to buy that more than one dip. This is better said than done though, while doing so you might think twice before taking the risk but it can work out.
Another important thing is patience. Watch the market and if you see more stagnancy then go with the above technique. But if the market becomes too volatile, you might want to stop trading for a while of buy at very low price.
You might think that you are going to buy at the perfect dip, but the perfect dip never happens - so you must capitalize on the dips that happens, like for example, yesterday and the day before bitcoin was down to 52k USD Levels and now if you bought there and sold today when it is back to 55k or more, you have made a profit.
A huge dump is less likely to happen right away, hence the division of liquid cash to buy that more than one dip. This is better said than done though, while doing so you might think twice before taking the risk but it can work out.
Another important thing is patience. Watch the market and if you see more stagnancy then go with the above technique. But if the market becomes too volatile, you might want to stop trading for a while of buy at very low price.
profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt. if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.
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