The basic lesson about trading is to buy low and sell high. Just that. If market conditions are declining, especially bitcoin, you can buy at a lower price because usually, the price will continue to decline a little lower or even lower. And when the price reverses, you can get ready to sell those bitcoins at a high price, higher than your purchase price. Or you can also hold it up to a certain price level you want, then sell it and get a profit. At least, that's what I did in my early days of trading because of my limited knowledge about trading.
You should also keep learning good analysis techniques from various sources to know trades better. This is also useful for improving your analytical skills so you don't need the help of trading signals. There is much more to becoming a pro trader and you should enjoy every step.
Topic: Tip and Tricks about when to buy or when to sell? - page 2. (Read 416 times)
Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell?..
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell?..
Despite the fact that there are many indicators that help a trader predict the movement of a coin, but none of them will help you trade with a guaranteed profit. Thus, the final decision is made by the trader, based on previous experience and adhering to risk management.
There’s a couple of things you should always remember. Try to be really patient, there will be times when you are under water but if you buy the main coins like Bitcoin, Ethereum you will not lose money long term. Crypto seems to run in phases of both bullish & bearish periods, both lasting a couple of years. You should buy when everybody else is scared & the price is low. Sell when everybody is euphoric & unrealistic prices are being touted all over the media. It’s really not that tough!
The decision to buy or sell cryptocurrency is largely based on market conditions and personal financial goals.
Here are a few factors to consider:
Buy:
When the price is low and expected to rise in the future
When you have a long-term investment horizon
When the technology or use case of the cryptocurrency has strong fundamentals and growth potential
Sell:
When the price is high and expected to fall in the future
When you need to liquidate your assets for personal financial reasons
When you have made a substantial profit and want to lock in your gains
It's important to keep in mind that cryptocurrency markets are highly volatile and can be unpredictable, so it's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Here are a few factors to consider:
Buy:
When the price is low and expected to rise in the future
When you have a long-term investment horizon
When the technology or use case of the cryptocurrency has strong fundamentals and growth potential
Sell:
When the price is high and expected to fall in the future
When you need to liquidate your assets for personal financial reasons
When you have made a substantial profit and want to lock in your gains
It's important to keep in mind that cryptocurrency markets are highly volatile and can be unpredictable, so it's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
Everyone will recommend their favorite and understandable for them tool, but it will not help you, because you do not have that vision, which the one who recommended you what to pay attention to when opening deals has. It's very simple, there is no universal solution to what to pay attention to in trading. You have to determine for yourself what you understand best in trading and try to develop this tool. Without your own skills and understanding you will only lose money, even if you use tools that others can make money with.
The best tip that I got from someone was "make sure that people think its about to go up during a bear run", because if its on a bear run, and people think that bear run is about to be over, there isa good chance it could go down even more.
There was also the one about leverage that said, if you do not have x10 more money to lose than the bet you are about to make, don't do it. If you have 1000 dollars, you do not make a leverage position for 800, you do it max 100 dollars, or even less if possible. That way you are never too much in trouble, it would be bad if you lose of course, but you will be fine in the long run and could recover from such a loss.
There was also the one about leverage that said, if you do not have x10 more money to lose than the bet you are about to make, don't do it. If you have 1000 dollars, you do not make a leverage position for 800, you do it max 100 dollars, or even less if possible. That way you are never too much in trouble, it would be bad if you lose of course, but you will be fine in the long run and could recover from such a loss.
Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
It’s a common answer you know that buy in low price and sell in high price, but you need to research about market condition then you can decide when you should entry then you will go to sell if will get enough profit, i don’t think anyone can provide you 100% profit tricks, it’s depend on your market analysis/strategies. I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
What is ideal is to buy during bearish trend and sell during bullish trend but it won't be as easy as it may sound. Sometimes emotion nd greed would take place. There'll be times you'd hesitate to buy because you'd be wanting to invest on a lower mrket price. And when increase take place, you'd more wait for its downfall. And once correction occur you'd wait for pump. Bottomline is to move once you are ready. If you'd always hesitate do not expect for a bright outcome. Likewise with selling wherein you'd idealize a higher market price but will end up holding because peak have passed already. Keep in mind the profit is profit mindset. The aim is to just earn profit not to be greedy of a biggest in comparison to mahority of investors you know.
if we carry out fundamental analysis and technical analysis carefully enough, we will be able to find where the good points are to buy and where are the good points to sell. following the hype i.e. entering when the hype has just started or before the hype occurs i.e. when we see positive news about a project then that's when the hype will start soon. then buying when it is good enough. although still at great risk. and sales are best when the hype is almost at its peak. don't wait for the peak of the hype but selling before the hype reaches the peak is safer. But when it comes to support and resistance points. so if we trade in the short term then buying when a support fails to be broken is a pretty good thing. and selling when the resistance point fails to be penetrated is what I usually do in trading the scalping method. DYOR.
1- Can anyone point me to a YouTube video that teaches trading for newbie?
Dude, come on, you can search this yourself. Not just videos but articles might be there on the internet too. Specifically search the ones for the exchange that you commonly use.Quote
2- When the Volume is green and up, then does this mean now is the time to buy? I think this means that many people are buying and the price will probably increase. Am I right?
Volume green and going up means there is a buying pressure. It does not mean a time for buying, it indicates that buying is happening. Now you would not want to buy at the top of the cycle because you would lose money when the price goes down. The ideal buying time is when people are selling and market is in deep red zone. Because selling from that buy price at the bull market would yield maximum difference in (sell-buy) = profitQuote
3- How can I see the buying and selling queue?
Orderbook queues are available to see on the exchanges. Check the one you are using. hero member
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My advice is always to keep an eye on the market; if the market is experiencing a correction, it might be a good time to buy. Of course, before you decide to buy, it is better to analyze the market situation to know when you can enter the market and start buying. It may take practice to know when to buy and sell and believe me, the more you practice, your analytical skills will improve and it will be useful for you to tell when to buy and sell.
Actually, trading refers only to buying low and selling high, and by that you don't need a complex knowledge but only just a simple common sense. As long you monitor the price of the coin, you will know if it's dropping or not. When the price is in colour red, it also shows that it drop. That was the time you will buy and the opposite of that would be to sell.
It was the pro trading scene is the one that requires complex knowledge because it involves trading indicators, chartings, and others but you don't need to rush yourself about it. Just take things slowly so that you will grasp things effectively and eliminate big losses. Lastly, don't say that your question is not a good question. It's understandable because you are still a newbie.
It was the pro trading scene is the one that requires complex knowledge because it involves trading indicators, chartings, and others but you don't need to rush yourself about it. Just take things slowly so that you will grasp things effectively and eliminate big losses. Lastly, don't say that your question is not a good question. It's understandable because you are still a newbie.
Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
every investor or trader has their own strategy before making a purchase and I will provide some insight into this, but not financial advice.I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
first you have to determine which coin you are going to buy (better choose top 25 coinmarketcap) use the money you can afford to lose.
after that you just have to convince yourself to look at the highs and lows over several periods. if you think that has convinced you, you only need to buy and hold it until the price really reaches ATH.
it's actually quite easy to know when to buy when you've chosen the right coin eg bitcoin. bitcoin went from $60k down to $23k now, that is a lot cheaper than last year's bull season. so I suggest to choose the right coin for you to buy.
and from the statement above, I give a statement for the long term.
Rather than looking "when to buy or sell" why not just?
- Spread how the management money you're gonna to use, never entering with a single price try to divided.
- Always on the bearish, not bullish.
- Then, for the exit (keep your mindset, no matter how much the coin is on-going always grateful exit with profit rather than losing).
Most of people is always want to gain more profit, and because of that the situation is reversed he become losing. A great win from trader is always exit with profit not by how much money you're made.
- Spread how the management money you're gonna to use, never entering with a single price try to divided.
- Always on the bearish, not bullish.
- Then, for the exit (keep your mindset, no matter how much the coin is on-going always grateful exit with profit rather than losing).
Most of people is always want to gain more profit, and because of that the situation is reversed he become losing. A great win from trader is always exit with profit not by how much money you're made.
Just buy when the price is too low. But when it's going to sell, just sell when you get enough return. Don't let your greed to take decisions. Jbecause holding for bigger profits mostly give your bigger losses.
Easy to say but difficult to do. This is the most common explanation when you are trading and it seems very easy to do for some people who are thinking."Buy low, sell high".
But if you now in the action, question is, when, how and what "low" you are considering and "high" because behind that, there are some analysis you need to do, like technical analysis which involved some chart patterns, candlesticks, etc.
Hello all,
Thank you so much for all replies.
I have three questions:
1- Can anyone point me to a YouTube video that teaches trading for newbie?
2- When the Volume is green and up, then does this mean now is the time to buy? I think this means that many people are buying and the price will probably increase. Am I right?
3- How can I see the buying and selling queue?
Thank you so much for all replies.
I have three questions:
1- Can anyone point me to a YouTube video that teaches trading for newbie?
2- When the Volume is green and up, then does this mean now is the time to buy? I think this means that many people are buying and the price will probably increase. Am I right?
3- How can I see the buying and selling queue?
Just buy when the price is too low. But when it's going to sell, just sell when you get enough return. Don't let your greed to take decisions. Jbecause holding for bigger profits mostly give your bigger losses.
Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
There are tips and tricks you can use by learning technical analysis (ta) there are countless free courses in youtube. But don't fall for flashy influencers who will swear on their 100% working ta and promise of profits. TA is about statistics and probabilities. It's not a magic trick and there's lot to learn. Try to learn more then one indicators and ways to do it, there are no shortcuts.I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
This is old but still one of the best and very comprehensive free course for techninical analysis:
https://www.youtube.com/watch?v=4lc8788xU7Y&list=PL33D0C18CDEBF64B7
Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
It is always better to ask questions than to make some sort of irreversible mistake, and even if there are in fact some tips which could be given to you I recommend that you do not use them, trading is hard enough even when you know exactly what you are doing, trading by relying on incomplete knowledge is very dangerous, and this is because the moment the market does not do what you expect, and this happens all the time, you are left not knowing what to do at such a critical time, and as you may deduce that is when massive losses are made by traders which lack experience and knowledge. I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
Buy low sell high. That's the basics of trading. You don't need to push yourself to sell at the highest price or buy at the lowest price possible, that's just too risky so if you think that the profit gain you have is at a comfortable range, then sell. If you think that the price wouldn't bottom out anymore (or even if it did, you wouldn't lose out much), then buy. There are a bunch of methods you can use to see if the market is approaching sell/buy range, but ultimately it still depends on you whether you should.
Just don't buy on greens, and sell on reds as much as possible.
Just don't buy on greens, and sell on reds as much as possible.
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