'Buying low and selling high method' only applies well when you know the best time to buy & sell. So, in this matter, you also need to mater how to predict the possible next price of crypto coins. Get sufficient knowledge about how to analyzing the chart, is something very helpful for both traders and investors. If you can master it, you can use the "buy low & sell high" effectively.
You just need to watch the market 24/7 or have a bot do the work for you. I agree that buying low and srlling is good but I disagree with what you are saying regarding that, you can just look for the prices from time to time and not predict it, a lot of people will always share about the new ATH of prices whenever it happens so just take your time and don't worry about it too much. 
Topic: simple technique of selling high and buying low. (Read 705 times)
If you are referring to the signal viewing technique for a particular group, I think you should learn that first. Many people have tried this method, but most of them are quite afraid and don't know when to sell and buy it, instead of getting a profit, they don't even get anything. make sure you have a strong foundation before doing any trading technique
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.
The title is Misleading , I thought you are sharing the technique as mentioning being SIMPLE but it is the other way around..I believe that there is really no Easy way when talking about profiteering , and if this is what you wanted then Go to Gambling because that's the easy way,, to Earn and to Lose.
'Buying low and selling high method' only applies well when you know the best time to buy & sell. So, in this matter, you also need to mater how to predict the possible next price of crypto coins. Get sufficient knowledge about how to analyzing the chart, is something very helpful for both traders and investors. If you can master it, you can use the "buy low & sell high" effectively.
Buy, Hold, and Sell.
I don't see an ending story for this. It is a common practice since before and this actually working. Have we thought about changing it? I say NO. It was fine for me and I keep doing this over and over again even if somebody will tell me that this is obsolete coz it wasn't.
You nailed it bro,I don't see an ending story for this. It is a common practice since before and this actually working. Have we thought about changing it? I say NO. It was fine for me and I keep doing this over and over again even if somebody will tell me that this is obsolete coz it wasn't.
I usually tell people that long term investments is the best option as a good crypto trader, the fact is that, in trading you keep loosing because when it rises, a trader is recovering from his lost last trades, while an investors buys every dips and at the same time accumulating total number of coin holding. In conclusion, the simple technique of buying low and selling high works if you turn yourself as a coin holder. Make sure you buy at every dips and never sell at lost no matter what.
That's the technique bro.
Since we don't know the perfect time of selling our asset, we prefer to wait and hope that every time there will be always a new ATH and then sell, --next will reinvest after the price will dump, that is the cycle of long term trader. Most of us said it is very easy to buy low and sell high but actually, it is not. Because the crypto price is unpredictable and those who are patiently waiting will always be rewarded compared to those people who will keep panic and sell. But for me, I rather invest and hold it for the long term and never sell for at least another 4 - 10 years, --instead, make it a regular basis of saving your money through investing bitcoin weekly or monthly right after your salary will come.
I look for some of the top falling coins to buy ,hold for some time till prices are up then sell that way i was able to make profits although it needs skills and strategies combined with fundamentals to do so . Crytocurrency market is very volatile so one need to be smart to make gains.
Buy, Hold, and Sell.
I don't see an ending story for this. It is a common practice since before and this actually working. Have we thought about changing it? I say NO. It was fine for me and I keep doing this over and over again even if somebody will tell me that this is obsolete coz it wasn't.
You nailed it bro,I don't see an ending story for this. It is a common practice since before and this actually working. Have we thought about changing it? I say NO. It was fine for me and I keep doing this over and over again even if somebody will tell me that this is obsolete coz it wasn't.
I usually tell people that long term investments is the best option as a good crypto trader, the fact is that, in trading you keep loosing because when it rises, a trader is recovering from his lost last trades, while an investors buys every dips and at the same time accumulating total number of coin holding. In conclusion, the simple technique of buying low and selling high works if you turn yourself as a coin holder. Make sure you buy at every dips and never sell at lost no matter what.
That's the technique bro.
As the word says "buy low and sell high" sounds too easy but the reality of it is that it is very hard to be executed for the fact that knowing when to buy and sell is a challenge already that even long time traders are still having a hard time to put into proper timing.
Yes mostly it is not possible to predict the price of coins but at certain points, you can. Recently Elon Musk made a tweet announcing that Tesla has suspended vehicle purchase through Bitcoins and one would easily guess that the price of bitcoins will come down by some margin and it did, so you can use those timings and trade.For those who are impatient, of course they will have difficulty getting profits even though this method is the simplest and most common way for traders
Yeah, most traders are impatient for right opportunity. When you are in hurry to grab anything then you may grab losses as well. If you are too conscious on choosing right entry points then probabaly you will minimize number of losing trades which is the key for persisting longer in crypto trading.
classic techniques such as buying low selling high are often done by many people here, because the main goal is to get a profit that way. There are no specific skills to do this other than having the patience to be able to target the sales pitch
For those who are impatient, of course they will have difficulty getting profits even though this method is the simplest and most common way for traders
For those who are impatient, of course they will have difficulty getting profits even though this method is the simplest and most common way for traders
Strategies on trading are easy to be stated but hard to put into action for we are working in a highly volatile market on which time is also an incredible foe to be stated since within a time frame many things can happen. It is up to you on how you will strategize your trading. Just be sure to be familiar on the market you wanted to get into before doing engagement to somehow manage the risk associated with it.
But I have seen people making some serious amount of money from crypto trading and the best part is that they know what they were doing so it's not a stroke of luck. It is hard because of the frequently moving market but if you just follow the news and make your trades based on that, it might work.Some traders started shorting BTC once they see the tweet and they made good profits. Elon Musk has the ability to swing the market alone so you should keep an eye on his twitter because sometimes he will pump dogecoin sometimes he will try and dump bitcoins. We cannot do much but at least we can place our moves based on those tweets and benefit ourselves.
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That is a need for us to set our goal before trading. It is very important for us to be guided and not getting worried about the market changes. It eventually showing changes all the time, if we just ignore that and don't let our emotions drive us but rather to stick the plan, that could be very easy. But if we are an emotional trader, this could be a big challenge that we need to conquer otherwise, this will be the reason of our failure and losses.
In fact, trading is not that simple "buying low and selling high" 
There are some analysis and indicators to be considered. Moreover, we don't know whether the price will go up or down after directly.
There are some analysis and indicators to be considered. Moreover, we don't know whether the price will go up or down after directly.
....
It is profitable if you aren't a weak handed trader because not all the time there are highs when you are doing that and sometimes the prices that you are waiting for might not arrive for days, weeks or even months so do this with the knowledge that you might have to hodl your coins for a while. Also don't do this if you don't have any cryptocurrency yet, enter as early as you can because you might not find the right price to enter and the price continues to go up.Buying low and selling high is actually a profitable technique of trading which is very easy that even a newbie in trading can follow this process and be profitable as well, but most people sees it so difficult to follow this strategy because some times there might miss out buying the deep in fear of price going deeper, well the little technique I used when I was new to trading was buying every deep and selling when prices goes up, all I do is trade support and resistance and at a point it worked for me, if prices must have moved so high I look for the last support and set my buy order close to it, some times it might take days for the order to fulfill but believe it turns out fetching profit for me.
It is profitable if you aren't a weak handed trader because not all the time there are highs when you are doing that and sometimes the prices that you are waiting for might not arrive for days, weeks or even months so do this with the knowledge that you might have to hodl your coins for a while. Also don't do this if you don't have any cryptocurrency yet, enter as early as you can because you might not find the right price to enter and the price continues to go up. 
this is what becomes difficult in trading. looking for the right time, and looking for the right price. but sometimes feelings get carried away in trading so that we can't focus on the framework that has been created.
You have to keep it together fellow bitcoiner. Patience is the key attributes of a successful trader. You have to get in the proper time and exit before the crash. For this you need money at hand but you have to wait for the market to crash. Less experienced traders who are enthusiastic about the market read the news articles that say "This coin reaches new highs" and that article contains some self-proclaimed genius who feels this is the next dotcom bubble.
These people make the wrong decisions of buying at the high and that my friend, is a mistake you will pay for ever. I always see new threads in this forum when bitcoin goes up and they are asking for advice as to what coin to buy when it actually is the time to sell. Funny that such people dont come here when the market crashes, which is the time to buy.
Long term buyers or investors have more chances that they are going to be selling at a profitable rate. But for short term investors, it’s going to be difficult, unless you’re highly skilled and can predict the price movement within a short period.
There are big differences between long-term and short-term trading and obviously on what coin you are holding will be deciding your levels of profits even in long run. Because, I am seeing lot of people are crying for not making any profits after holding shitcoins for years. Always planning with bitcoins for long term holding will definitely get us big profits but unfortunately not all the people are listening to this kind of suggestions.However the wrong part is that we are talking about something much clinical when it comes to "shitcoins", which is the part where we do not really know what is a shitcoin. I believe dogecoin is a shitcoin, it always was and it always will be, the supply is insane and centralization is crazy and some dude just tweets about it and the price goes up, that is just not normal at all. Which is why if we can say which one is shitcoin, we wouldn't buy that neither and people just fail to see which are and which aren't.
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.
Lol it’s not a simple technique, you can miss it at anytime. Unless you have plans to be investing and holding it for a very long time before you sell it. Long term buyers or investors have more chances that they are going to be selling at a profitable rate. But for short term investors, it’s going to be difficult, unless you’re highly skilled and can predict the price movement within a short period.I would rather choose to hodl for a long term than do the short term trading because without an understanding about the market is just like gambling. It may sound easy to buy low and sell high but to be honest, it's not. Even the most skilled trader still lost in trading but that doesn't mean they can't regain it back unlike those who aren't skillful enough would lose everything eventually.
I also want to add a few tips as follows:
This can be in the form of trading or investment, but there are a few things that need to be considered again, namely you need to determine your target. How much do you want to make or need later. So that you don't worry later when you get enough profit, but you just keep on going. ..
This can be in the form of trading or investment, but there are a few things that need to be considered again, namely you need to determine your target. How much do you want to make or need later. So that you don't worry later when you get enough profit, but you just keep on going. ..
If you incorrectly determined the selling price of a coin and sold it much earlier than the moment when it reached high, you may be out of the market for a long time. Because in this case, you may not be able to buy a coin for a long time cheaper than you sold it.
Long term buyers or investors have more chances that they are going to be selling at a profitable rate. But for short term investors, it’s going to be difficult, unless you’re highly skilled and can predict the price movement within a short period.
There are big differences between long-term and short-term trading and obviously on what coin you are holding will be deciding your levels of profits even in long run. Because, I am seeing lot of people are crying for not making any profits after holding shitcoins for years. Always planning with bitcoins for long term holding will definitely get us big profits but unfortunately not all the people are listening to this kind of suggestions.if you can’t do that analysis, your success in trading is definitely going to be a really difficult thing.
People are having alternate when they are not good in analysis; they are going for buying signal from third parties or some platforms/brokers are providing copy-trading facility which gives opportunity for anyone to make profit trading without the need of any technical analysis skills. I also thought trading was as simple as Buy Low Sell High but I can't determine which is low and which is high. Yesterday I was talking to different persons that are now involved to trading and I guess they knew more in trading than I do. I did research and I found something which is "support and resistance" that refers to the price chart. Determining the two before trading may help you pinpoint on when to buy and to sell plus the use of stop loss to prevent losing too much of your money.
Yes and that’s why trading is not an easy work, if you can’t do that analysis, your success in trading is definitely going to be a really difficult thing. If you do follow up with cointelegraph, they do all these analysis with support and resistance still it would be better if you learn your technical part which will help you trading profitable without depending on any signal providers. Trading is simple if we learn how to predict the movement of market directions. 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.
Lol it’s not a simple technique, you can miss it at anytime. Unless you have plans to be investing and holding it for a very long time before you sell it. Long term buyers or investors have more chances that they are going to be selling at a profitable rate. But for short term investors, it’s going to be difficult, unless you’re highly skilled and can predict the price movement within a short period. 
Buying low and selling high is actually a profitable technique of trading which is very easy that even a newbie in trading can follow this process and be profitable as well, but most people sees it so difficult to follow this strategy because some times there might miss out buying the deep in fear of price going deeper, well the little technique I used when I was new to trading was buying every deep and selling when prices goes up, all I do is trade support and resistance and at a point it worked for me, if prices must have moved so high I look for the last support and set my buy order close to it, some times it might take days for the order to fulfill but believe it turns out fetching profit for me.
- Really lucky if the novice can be successful with this technique because according to what I've been thinking, this technique needs its users to get sharp and right into the nature of the market, we need to know the deepest lows and heights of the profit candlestick, which sounds quite simple but involves a combination of too many different techniques. In general, the simplification of all problems seems to be the combination of the most complex techniques 
Buying low and selling high is actually a profitable technique of trading which is very easy that even a newbie in trading can follow this process and be profitable as well, but most people sees it so difficult to follow this strategy because some times there might miss out buying the deep in fear of price going deeper, well the little technique I used when I was new to trading was buying every deep and selling when prices goes up, all I do is trade support and resistance and at a point it worked for me, if prices must have moved so high I look for the last support and set my buy order close to it, some times it might take days for the order to fulfill but believe it turns out fetching profit for me.
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.
I also thought trading was as simple as Buy Low Sell High but I can't determine which is low and which is high. Yesterday I was talking to different persons that are now involved to trading and I guess they knew more in trading than I do. I did research and I found something which is "support and resistance" that refers to the price chart. Determining the two before trading may help you pinpoint on when to buy and to sell plus the use of stop loss to prevent losing too much of your money.
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.
I also want to add a few tips as follows:
This can be in the form of trading or investment, but there are a few things that need to be considered again, namely you need to determine your target. How much do you want to make or need later. So that you don't worry later when you get enough profit, but you just keep on going. This is an unkind quality, namely greed for profit. If that is enough, don't take too much profit without paying attention to market volatility. Next, you need to pay attention to performance. The past performance of investment instruments can be your picture for the next chart movement. Whether the chart is moving stagnant or even no development, if there is no development it means that the possibility of future movements will not be significant.
Diversification is also important in investing. Where you allocate funds to various investment instruments, the meaning is not to invest in just 1 currency to minimize risk. If the wrong currency that you invested has a loss, you can return it in another currency. As I said, you have to be patient, don't overdo it, don't get provoked by emotions or lust for profit. So that your financial condition does not fall apart later.
As the word says "buy low and sell high" sounds too easy but the reality of it is that it is very hard to be executed for the fact that knowing when to buy and sell is a challenge already that even long time traders are still having a hard time to put into proper timing. Strategies on trading are easy to be stated but hard to put into action for we are working in a highly volatile market on which time is also an incredible foe to be stated since within a time frame many things can happen. It is up to you on how you will strategize your trading. Just be sure to be familiar on the market you wanted to get into before doing engagement to somehow manage the risk associated with it.
That's the thing with the crypto market. It's very volatile so it's much more harder to achieve the "buy low, sell high" principle since there's no sure fire way of knowing tops and bottoms. These TA tools at best, help us to determine zones that we can sell and buy back lower but it takes cut to take guts and emotions to sell and buy at those levels because you can think you're selling a top and then price goes up and doesn't return for you to buy back lower hence you end up missing out on those juicy upside gains. The same with buying falling knives.
As the word says "buy low and sell high" sounds too easy but the reality of it is that it is very hard to be executed for the fact that knowing when to buy and sell is a challenge already that even long time traders are still having a hard time to put into proper timing. Strategies on trading are easy to be stated but hard to put into action for we are working in a highly volatile market on which time is also an incredible foe to be stated since within a time frame many things can happen. It is up to you on how you will strategize your trading. Just be sure to be familiar on the market you wanted to get into before doing engagement to somehow manage the risk associated with it.
And this is where most noobs do believe that it was just easy until the real experience and interaction on the said situation will really be opening their eyes that dealing with moving price isnt really simply on the actual situation where emotions and decision making would really mixed up because you dont know on what would happen next.Some said about simply techniques but applying it on the actual thing
will really be much off difference when you are already making the trades.This might be the basic but even doing as simple as this would be the toughest game of all.
Therefore, you should do your assignment on researching up things like using technicals and stuffs or any that would be relevant on what you are doing.
As the word says "buy low and sell high" sounds too easy but the reality of it is that it is very hard to be executed for the fact that knowing when to buy and sell is a challenge already that even long time traders are still having a hard time to put into proper timing. Strategies on trading are easy to be stated but hard to put into action for we are working in a highly volatile market on which time is also an incredible foe to be stated since within a time frame many things can happen. It is up to you on how you will strategize your trading. Just be sure to be familiar on the market you wanted to get into before doing engagement to somehow manage the risk associated with it.
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.
The main indicator I often use for profit taking is usually RSI once price reach over 70 overbought region I sell and take profits or attimes when I had already earned the profit based on my risk to reward ratio I closed my trade, while I also buy at oversold zone though I always watch out for candlestick patterns or Price Action before buying all these techniques requires constant practising especially when buying at dip or the peak the trader has to be extra careful to avoid massive losses or price draw down.
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.
Basic technique buying at lowest price and will sell it higher, these technique is simple but effectivw. But choosing the right coin would be mean a lot. Choosing the right coin will get you higher profit if you. You can also learn other techniques,read graphs so that you may be efficient in trading
Buying is simple but selling would be questionable because you dont know if the price would really be heading up into your entry point.If yes then its a good call but if it dips
then t hats considered as a bad decision and this is where stress and anxiety would be felt which is normal.This is why we should really be aware on how this market works.
It might be simple as it sounds but when you are already doing it then thats an another story.
So if you see the price start rally and reach the highest price, you need to think about the high price you should price and profit.
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.
The main indicator I often use for profit taking is usually RSI once price reach over 70 overbought region I sell and take profits or attimes when I had already earned the profit based on my risk to reward ratio I closed my trade, while I also buy at oversold zone though I always watch out for candlestick patterns or Price Action before buying all these techniques requires constant practising especially when buying at dip or the peak the trader has to be extra careful to avoid massive losses or price draw down. 
Buying low and selling high is not simple as that, we don't know if this is already enough value to sell or enough value to buy that is why there are still a lot of people whos not getting rich with cryptocurrency, that is not simple like that, the best thing to earn huge profit from investment is holding for a long term that is much advisable than just selling right away once the price of bitcoin goes higher a little bit.
If it's that simple, maybe we already know, but are we for the long or short term? if it is an only investment then, of course, it is the long term that is chosen, but nowadays many of them are only short-term trades when there is a slight increase then they will sell it so that the technique in this case winning is necessary considering the direction the market is going to go well, there we have to understand how to use some methods that are necessary at that time.top altcoins in the market.Nothing is simple when it comes to methods because if its actually simple then most traders now are doing scalping in a short span of time since they do already know the ways
but dealing with reality then it isnt simple as it sounds.
Buying low and selling high is not simple as that, we don't know if this is already enough value to sell or enough value to buy that is why there are still a lot of people whos not getting rich with cryptocurrency, that is not simple like that, the best thing to earn huge profit from investment is holding for a long term that is much advisable than just selling right away once the price of bitcoin goes higher a little bit.
If it's that simple, maybe we already know, but are we for the long or short term? if it is an only investment then, of course, it is the long term that is chosen, but nowadays many of them are only short-term trades when there is a slight increase then they will sell it so that the technique in this case winning is necessary considering the direction the market is going to go well, there we have to understand how to use some methods that are necessary at that time. 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.
^ Definitely right, because there is no accurate time frame that you can predict when it will going to down and when it will going to up. Everything is unpredictable in trading since crypto price movements are not predictable. Probably if the BTC price will drop 75% from the previous price, probably that is a good sign to invest. Because if you determine the point of buying in a low and sell at a high price in a short period of time, I think you will not able to do it. Nevertheless, you can do this by simply determining the profit you have, once you have gain a profit of at least 50%, you can sell it at that price or hold furthermore. 
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.
Basic technique buying at lowest price and will sell it higher, these technique is simple but effectivw. But choosing the right coin would be mean a lot. Choosing the right coin will get you higher profit if you. You can also learn other techniques,read graphs so that you may be efficient in trading
Buying is simple but selling would be questionable because you dont know if the price would really be heading up into your entry point.If yes then its a good call but if it dips
then t hats considered as a bad decision and this is where stress and anxiety would be felt which is normal.This is why we should really be aware on how this market works.
It might be simple as it sounds but when you are already doing it then thats an another story.
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. ...
If you are late with the purchase of a coin at a low price, do not worry, because the market offers unlimited opportunities. In this case, you need to choose another coin for investment, which is currently at the bottom and has a chance to start an upward movement. And as for the sale of the coin, then you can not miss the opportunity to sell on high and for this you need to use a stop loss.
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.
Basic technique buying at lowest price and will sell it higher, these technique is simple but effectivw. But choosing the right coin would be mean a lot. Choosing the right coin will get you higher profit if you. You can also learn other techniques,read graphs so that you may be efficient in trading
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.
I think this is what everybody tries to do, buy low, sell high, but the timing is very difficult in todays markets. Determining what is the best moment to buy or sell can be very very frustrating. That is probably also why so many people are looking for Technical Analysis and Chart Analysis. Personally I like to look at the moving average over the last 10 - 60 days and try to determine a bottom like that if there is change between them then it means there is either a big upwards or downward trend happening. Unfortunately this analysis is always backward looking, so I will never get the perfect spot to buy or sell, always a few days behind.
Buying Low and Sell at High...pretty easy, right? But wondering why many we're still not able to get it and earn profit with that strategy? That might probably because they are too careless and impatient person.
Yeah, most of the traders are not patience enough; they want to just enter and exit with profits. But, people who care to enter through technical analysis are able to exit with profits. Trading is all about how you are approaching it, otherwise just by clicking enter/exit randomly, everyone might have become richest.The buy low sell expensive strategy will no longer apply if the psychology begins to become unstable and panic easily.
If you are not psychologically stable then you cannot get lower prices to enter and higher levels to exit. Because, I have seen lots of traders are missing good higher levels due to being greedy. If you are getting panic again you will miss good opportunities without entering with them.
Buying low and selling high is not simple as that, we don't know if this is already enough value to sell or enough value to buy that is why there are still a lot of people whos not getting rich with cryptocurrency, that is not simple like that, the best thing to earn huge profit from investment is holding for a long term that is much advisable than just selling right away once the price of bitcoin goes higher a little bit.
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.
Basic technique buying at lowest price and will sell it higher, these technique is simple but effectivw. But choosing the right coin would be mean a lot. Choosing the right coin will get you higher profit if you. You can also learn other techniques,read graphs so that you may be efficient in trading
This is the best technique of earning in market. A very popular proverb is " Buy when every one is selling and sell when everyone is buying". But if you are a day trader then takes small trades and use RSI indicator for buying and selling. And buy when RSI is on 20% and sell when RSI is on 80%.
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.
I don't think it's too difficult to buy coins at a low price and sell them at a high price. To buy coins at a low price, I usually wait for the coin price to drop
above 20%. And I will sell the coins when the price has gone up above 10%. The most important thing is there is no need to be greedy to make profit
in cryptocurrency, because for me there is no need to generate large profits, the most important thing is that we can generate profits on a regular basis,
it is very good. I am sure everyone has a different strategy, no matter what strategy is used, as long as it is proven to be profitable it's already very good.
Trading couldn't be just an imagination but it is a need more on executions. Buying Low and Sell at High...pretty easy, right? But wondering why many we're still not able to get it and earn profit with that strategy? That might probably because they are too careless and impatient person. And this kind of behavior will bring you down and helps you nothing. If we are going to succeed, we have also to follow our plan and that is to sell high, not in panic.
How do you define"buying low and selling high"?
At what rate it will be?
Well, actually as you said that it is not as simple as we think about buying low and then selling high. How if the price is going down again and again?
That is why we cannot define exactly that the price is at the dip and we may be also not fully exact that the price is at the top.
commonly, we can buy it at a certain price and then selling it at a certain price, with several percentages of rising. However, we cannot also determine easily whether the price is suitable to buy. That is why it needs fundamental and analysis technical to make it more sure. I don't say that those analyses will make 100% true predictions, but at least they can be used for certain considerations.
At what rate it will be?
Well, actually as you said that it is not as simple as we think about buying low and then selling high. How if the price is going down again and again?
That is why we cannot define exactly that the price is at the dip and we may be also not fully exact that the price is at the top.
commonly, we can buy it at a certain price and then selling it at a certain price, with several percentages of rising. However, we cannot also determine easily whether the price is suitable to buy. That is why it needs fundamental and analysis technical to make it more sure. I don't say that those analyses will make 100% true predictions, but at least they can be used for certain considerations.
Buying Low and selling high may seem simple, but trading won't be that easy.
It doesn't matter how to buy low and then wait for the price to go high. The main role is psychology when trading. psychology when trading will continue to play. The buy low sell expensive strategy will no longer apply if the psychology begins to become unstable and panic easily. In fact, it will reverse, namely to buy high sell low.
Trading requires good psychology and basic lessons about trading, namely technical and fundamental analysis. Without that, of course, trading will not go well.
It doesn't matter how to buy low and then wait for the price to go high. The main role is psychology when trading. psychology when trading will continue to play. The buy low sell expensive strategy will no longer apply if the psychology begins to become unstable and panic easily. In fact, it will reverse, namely to buy high sell low.
Trading requires good psychology and basic lessons about trading, namely technical and fundamental analysis. Without that, of course, trading will not go well.
We may prefer this buying low price and selling at high price a simple technique or should I say a basic strategy to earn a profit from crypto or from trading but to be honest this simple thing that we ought to think is simple was not really used or being useful in real life.
That is because nothing will be helping us exactly to find out where is high or low is happening. It means we need to assume ourselves at some point one price level could be a high or low and then we need to trade along that. Actually technical analysis are helping us to find out high and low. So, when we are good at technical analysis then we can easily make profits.When market conditions are suddenly changing, those high or low levels also accordingly changing and this is the reason why technical analysis are sometimes getting failed.
A smart trader with extensive experience will unequivocally tell you, that it is impossible always buy at the very bottom and sell at the very top of the market. It is impossible, even knowing technical analysis perfectly. It is much more important to take a small section of the distance and make money on this movement.
We may prefer this buying low price and selling at high price a simple technique or should I say a basic strategy to earn a profit from crypto or from trading but to be honest this simple thing that we ought to think is simple was not really used or being useful in real life. Like for example, buying bitcoin at the lowest price of $3,000 way back 2018 and selling bitcoin to $54,000 today isn't really possible. I mean it takes time to buy low and sell high. It cost you time and it really need to have a patience to be able to do these action.
Yep of course it is a simple technique. Still it is not that there is no other technique without this strategy. Everyone has their own strategy. However, many have become millionaires using this simple technique. Furthermore, anyone has attained a lot with his own procedure. It depends wholly on yourself. However, in all prosecutions, the market research must be maintained.
If we are using the buy low sell high technique, it takes time for us to gain profit but I think it's the safe way rather than trading. If we own small amount of capital, we should learn to be patience. I really take time to get a big profit rather than people that have huge capital, a small pump can easily gain the huge profit. Even it's just buy low sell high, we must also know when to buy at the right time or to sell. In my opinion, it doesn't matter if I sold them quickly then continue to pump. I'm just proceed to other trade that can give me another profit. Best time to sell is when the price breaks the all time high, then wait for the correction and buy again especially today is the time when tokens breaks their all time high because of bullish 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.
A smart trader with extensive experience will unequivocally tell you, that it is impossible always buy at the very bottom and sell at the very top of the market. It is impossible, even knowing technical analysis perfectly. It is much more important to take a small section of the distance and make money on this movement. 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.
Well, it is seriously not that simple! I have tried to master my emotions for that matter. I believe that there is only one reason why we fall for the honeytrap of selling at lower while actually you had to wait for more time to get at right spot!!
The only way to be at right spot is by mastering your emotions. You should be controlling the panic sells, FOMO investment, all these terms must be out of your league all the time. If you fall for any of this, then everything is messed up. I have seen my investments touching almost break even point and then coming back down heavily, but you have to stay stable and not to sell in the panic. It will come up one more time, thats what crypto is all about!
Simple technique but would really cost you if you dont able to done it well.Due to unpredictability then guessing price would be the main play on here.
We are keeping on guessing on what would be the next movement on next minute,hour,day or months.Also not all are active traders because there
are whom do focus out on hodling or making swing trades and not doing any active trading techniques.Usually people do commit on the opposite
manner or result on which they have sone Buy High Sell low and this is on the time where people do panic on.
That requires market analysis to avoid the unpredictable losses. However, no matter how good we are but our speculations will remains inaccurate. Losing could somehow be minimize but can't totally stop it. If we are impatient and get easily frustrated the more it brings is losses. We are keeping on guessing on what would be the next movement on next minute,hour,day or months.Also not all are active traders because there
are whom do focus out on hodling or making swing trades and not doing any active trading techniques.Usually people do commit on the opposite
manner or result on which they have sone Buy High Sell low and this is on the time where people do panic on.
Trading is just like gambling, it sometimes we ask for good luck. If we are too aggressive and greedy person, most likely we are the one who usually commit mistakes and losses.
Trading is not about buying low and selling high because we cannot guarantee how low and how high the price may happen in the future. however, we can see and also analyze the charts, in which it commonly can lead us to have better result of the chart analysis. It is also based on the fundamentals of the coins and also good news of the team to make the projects progressing more and much better. In this case, we can see how the trader can not only buying in low but buying at the right time and also sell at the right time.
this is what becomes difficult in trading. looking for the right time, and looking for the right price. but sometimes feelings get carried away in trading so that we can't focus on the framework that has been created.
Simple technique but would really cost you if you dont able to done it well.Due to unpredictability then guessing price would be the main play on here.
We are keeping on guessing on what would be the next movement on next minute,hour,day or months.Also not all are active traders because there
are whom do focus out on hodling or making swing trades and not doing any active trading techniques.Usually people do commit on the opposite
manner or result on which they have sone Buy High Sell low and this is on the time where people do panic on.
We are keeping on guessing on what would be the next movement on next minute,hour,day or months.Also not all are active traders because there
are whom do focus out on hodling or making swing trades and not doing any active trading techniques.Usually people do commit on the opposite
manner or result on which they have sone Buy High Sell low and this is on the time where people do panic on.
Trading is not about buying low and selling high because we cannot guarantee how low and how high the price may happen in the future. however, we can see and also analyze the charts, in which it commonly can lead us to have better result of the chart analysis. It is also based on the fundamentals of the coins and also good news of the team to make the projects progressing more and much better. In this case, we can see how the trader can not only buying in low but buying at the right time and also sell at the right time.
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.
Achieving this? This would really be through experience and you cant attain this skill if you dont have sufficient knowledge and awareness on how this market works.Its indeed a very basic principle of making
profits in the market but when you are already on the actual situation then its really hard to do because you cant spot out on whats the peak price and whats the bottom
and this is where things becomes hard and this is why we do keep and seeing speculations that do floats around.Movement does vary with demand and the activity between
sellers and buyers.
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.
A skill technique that can be applied in this way is to use patience. when we make a purchase at a low price at least we have to wait until the price can go up much higher than the initial purchase. This method is quite easy to do when we can make the right decisions to buy coins that have enough potential that can last a long time and are promising in the future. the most important thing is to have a strong belief in the coin in question, have a set profit target and not be easily influenced by fake news that can make many people panic.
profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt.
Yeah it is not simple. Because, determining where will low or high occur is the catch here. A low may not remain as low for rest of the day or season unless market moves down further and same applies for high price level as well. It means you may find out low or high but any future events or news may alter that.The crypto market can be deceiving at times; it can go up and down, so we must buy on a dip where there is good support or flooring to ensure that it does not go lower.
Yeah, crypto markets are known for its usual high volatility which may trap us at any time. So, the simple trick everyone suggest is, buy at today's low and wait for months to years then definitely you will get highest prices to sell given that you are buying bitcoin or known altcoins alone. 
is hard to do when you have less capital. what you need is time and money because its needs a lot of waiting and it could take years if you want the biggest gain. the early investors did it easy, all they did was just waiting and after a few years they already have tons of money.
but if you do it as the day trader does, it's going to be harder. some even have to spread fud just to make the price drop so they could buy again when the price is dragged down.
Yep of course it is a simple technique. Still it is not that there is no other technique without this strategy. Everyone has their own strategy. However, many have become millionaires using this simple technique. Furthermore, anyone has attained a lot with his own procedure. It depends wholly on yourself. However, in all prosecutions, the market research must be maintained.
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Buy low sell high it’s a common Theory of trading. If you wan to make some profit hou must follow it.
Normally the strategy is when price drop huge we buy the coin. But we make two mistake here,
1. We invest all in one coin. For why we can not buy back again in farther dip, Also can not hold due to coin goes lower persistently.
2. We don't follow the price chart. I mean the coin make a drop does not mean it will not drop more. So if you can read the chart correctly we may find the best time to pick the coin in bag.
If we don't do these mistake hope fully we can find the proper time to buy imo.
Normally the strategy is when price drop huge we buy the coin. But we make two mistake here,
1. We invest all in one coin. For why we can not buy back again in farther dip, Also can not hold due to coin goes lower persistently.
2. We don't follow the price chart. I mean the coin make a drop does not mean it will not drop more. So if you can read the chart correctly we may find the best time to pick the coin in bag.
If we don't do these mistake hope fully we can find the proper time to buy imo.
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.
It can appear to be easy, but it isn't; yes, there are other TA to consider before entering the market. The support and resistance levels are one of the fundamentals; buying a dip does not guarantee that it will bounce because it can break through the resistance.
The crypto market can be deceiving at times; it can go up and down, so we must buy on a dip where there is good support or flooring to ensure that it does not go lower.
That is actually the basic method of trading. In theory, it isn't so hard to make profitable trades by buying low and selling high. The only issue here is that it requires skills, knowledge and experience to know when to actually buy and when to sell.
As simple as buying and selling sounds, it is funny that it requires a lot of work. It requires the knowledge of technical analysis, that is how to read chart patterns that form in the market. You also need to understand how fundamental analysis work. How certain news can affect the market whether positively or negatively.
As simple as buying and selling sounds, it is funny that it requires a lot of work. It requires the knowledge of technical analysis, that is how to read chart patterns that form in the market. You also need to understand how fundamental analysis work. How certain news can affect the market whether positively or negatively.
is hard to do when you have less capital. what you need is time and money because its needs a lot of waiting and it could take years if you want the biggest gain. the early investors did it easy, all they did was just waiting and after a few years they already have tons of money.
but if you do it as the day trader does, it's going to be harder. some even have to spread fud just to make the price drop so they could buy again when the price is dragged down.
Sometimes huge money is not necessary if you know how to trade correctly and knows how to do a good technical analysis, I have friends which trade only small amount in binance futures but actually his earning good when bull market is occuring and sudden fall happens, its just you need to have brains on this as well proper management of doing your stop loss since this is most important thing to learn first so that you will not liquidated easily while trading.
is hard to do when you have less capital. what you need is time and money because its needs a lot of waiting and it could take years if you want the biggest gain. the early investors did it easy, all they did was just waiting and after a few years they already have tons of money.
but if you do it as the day trader does, it's going to be harder. some even have to spread fud just to make the price drop so they could buy again when the price is dragged down.
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.
in every trading technique even though it sounds classic like buying low and selling high but believe me it all requires a strategy. the most basic is that we have to set the percentage to sell at the point when it increases. besides that, at the time of the increase we must be able to analyze when the token price falls again, and what is the percentage decline so that we can prepare to buy in large quantities at low prices 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.
That's true also you need to consider a lot of things this includes when are you going to enter a trade this is the most critical part, there are times that you thought you have a good entry at a lower point but it keeps going down.
It's not advisable to go in waiting for the right time because you won't find it and it may never happen and the prices might that were looking isn't going to arrive there anymore. Just get in the market, accumulate as much as possible and in the accumulate part, that's where you should be mindful of when you are buying so you can get more out of your money. Strategies for making profits in cryptocurrencies are variable and the easiest is DAC for those who do not want to risk.
sorry, what does DAC mean?
That's true also you need to consider a lot of things this includes when are you going to enter a trade this is the most critical part, there are times that you thought you have a good entry at a lower point but it keeps going down.
Buy, Hold, and Sell.
I don't see an ending story for this. It is a common practice since before and this actually working. Have we thought about changing it? I say NO. It was fine for me and I keep doing this over and over again even if somebody will tell me that this is obsolete coz it wasn't.
What we gonna do now is to enhance our skills and probably chart reading because that was more important to make decisions.
I don't see an ending story for this. It is a common practice since before and this actually working. Have we thought about changing it? I say NO. It was fine for me and I keep doing this over and over again even if somebody will tell me that this is obsolete coz it wasn't.
What we gonna do now is to enhance our skills and probably chart reading because that was more important to make decisions.
Buying at a low price and selling at a high price is an old theoretical strategy based on the basis that you know the levels of resistance crisis to buy and sell, but it is not the only way as it is considered theoretical and not practical. Or, more correctly, the mathematical method to make a profit.
Strategies for making profits in cryptocurrencies are variable and the easiest is DAC for those who do not want to risk.
Strategies for making profits in cryptocurrencies are variable and the easiest is DAC for those who do not want to risk.
It's funny when I see this type of topic in other groups.
The memes are coming and says the opposite, buying high and selling low.
But it's true that it might sound simple but doing it could be hard for others. The high price that they might see today, they're not yet contented and want to wait until it rises more.
In the end of it, they miss the selling opportunity when it starts to drop.
The memes are coming and says the opposite, buying high and selling low.
But it's true that it might sound simple but doing it could be hard for others. The high price that they might see today, they're not yet contented and want to wait until it rises more.
In the end of it, they miss the selling opportunity when it starts to drop.
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.
What could make this difficult to master is that because we even don't know what will happen next. You can't perfectly catch the higher price at all times. (but just be a lucky person if you did). And the other factor is that we had sometimes driven badly by our emotions and being greedy. There is no such market perfection and not all strategies are working great.
Buy at low and sell at high, that is the best strategy that I've used since before, and everyone using this one.
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.
Well you can’t really get the lowest price , but it’s always good plan your buying earlier, if possible some years ahead the expected time for the next bull run, that way you can hold till then and for sure you’re going to benefit from it.Take for example, I didn’t get much from the bull run in 2017, so I decided to plan ahead for the next one that will come. As early as January of 2018 the market was already crashing and many people were losing money, people lost hope. Then I was kind of a noob, though I joined the community before then,but I wasn’t much active.I knew that from history the market usually goes up after every halving that takes place. I saw a lot of people predicting 2019 and 2020 to be the year for the next bull run, so I decided to invest around April 2018 when the price was around $6,800 and $7000 and then hold my coins till the next bull run. Even though the price did drop below that, but I never sold them, I kept holding it cause I planned ahead and was ready to hold it even if it took five years.
I think this explanation sheds a bit light on the kind of strategy I make use of when investing in cryptocurrencies; always buying ahead of time.
You might miss, yes, but don't panic.
The panic is the outcome mostly by many traders when it comes into taking the chance to buy in the dip.
If you're indeed a trader, not the long-term one, you should be taking down the notes of the lowest dip of every month, maybe ATH as well for selling purposes.
The panic is the outcome mostly by many traders when it comes into taking the chance to buy in the dip.
If you're indeed a trader, not the long-term one, you should be taking down the notes of the lowest dip of every month, maybe ATH as well for selling purposes.
At least you need practice to do that. There are different standards regarding whether the price is low or the price is high. I think it's just a matter of looking at the Time Frame you created. If you are a day tarder or even a scalper. You have to watch the chart movement, and the trend. But from the person I know Bitcoin the most patient are people who hold back for several years my friend has a DOGE in price 14 satoshi. But it all depends on your trading skills, because a holder needs extra patience.
There is no 100% successful strategy for this, it's all upon your personal skills. Usually when price drops, people don't buy and when price goes up people start buying. For me, I buy when price gets stable and dips start occurring after few intervals.
to be honest today I teach how to trade to my brother who is new to crypto trading for the first time. although I have interacted with crypto for a long time and traded thousands of times, this technique is not easy. as you said should be studied deeper and control the level of emotions.
So, how funny I am teaching the technique of buying low and selling high to my brother this afternoon. and he is very enthusiastic about listening, asking questions and so on. until he finally made an initial deposit to a trusted exchange, Binance, for $ 20. (I suggest the amount of $ 20). with the reason to practice in order to interact with the market first, profit or loss problems are commonplace, the most important point for now is to learn until he finds a way to trade from his first experience (the first coin he bought was Waves).
The lesson is, even though we don't master trading techniques in detail, at least the knowledge we have can gradually be utilized by others.
as the proverb says "useful humans, are humans who provide benefits to others".
So, how funny I am teaching the technique of buying low and selling high to my brother this afternoon. and he is very enthusiastic about listening, asking questions and so on. until he finally made an initial deposit to a trusted exchange, Binance, for $ 20. (I suggest the amount of $ 20). with the reason to practice in order to interact with the market first, profit or loss problems are commonplace, the most important point for now is to learn until he finds a way to trade from his first experience (the first coin he bought was Waves).
The lesson is, even though we don't master trading techniques in detail, at least the knowledge we have can gradually be utilized by others.
as the proverb says "useful humans, are humans who provide benefits to others".
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.
I am somehow manage to catch exact low and high by continuous monitoring along with moving average crossover strategy. When you're opting for a longer moving average then there will be the possibility of higher accuracy. Moreover I am following multiple strategies so that when more than one strategies are telling same thing to buy or sell them I am going for that without hesitations.I'm not always looking for low to buy and high to sell. In other words, I'm just buying at oversold zones and selling at overbought zones. Technically this is not having big differences from what you have mentioned still overbought and oversold regions are high/low levels of on that particular day and not lifetime's.
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 
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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