Tip and Tricks about when to buy or when to sell? - page 3.

Xampeuu

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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 think this is indeed a fundamental question that must be known in advance to enter the world of trading. indeed everyone may have a different view on doing this, some believe more in indicators, some prefer to determine areas of support and resistance, or combine the two. from there we can choose which method to use, and certainly there is no perfect strategy, so we have to take risks, therefore the most important thing is that we have to be able to manage risks, because not all transactions will end in profit in trading, let alone trading short-term

Stella Mese

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when you are going to buy, of course, you have to wait for the price to drop, and when you are going to sell, you have to when the price is high. but actually in this case it sounds easy but just right on the run
It's quite difficult because the graphs of trading are very difficult to predict, because sometimes when you want to buy at a falling price, at that time the price doesn't decrease that much, instead the price immediately rises higher and higher, so if you look at the market, it's not surprising to see so many people who buy when prices are high.

and according to my experience the most important thing is to be patient waiting for the price to drop.

carlfebz2

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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's no trick and tips on when to buy and when to sell or making yourself as a bottom or peak catcher which is really not something you could pull off easily specially on dealing with this unpredictable market.

There's no way that we could really be able to point out and determine on what are those good points to make such buying and selling decisions.This is the time on where expertise and experience would really differ

to each other.We are seeing different kind of analysis and speculations made out of those charting and reading up indicators this is why you should really be needing to familiarize yourself
into these things.

Mpamaegbu

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell?

Sorry, there's really no shortcut to it. I know there are users who are going to tell you to buy low and sell high. That's a generic suggestion anyone can make. Regrettably, none can pinpoint where that low or high is. Those who even give that type of suggestion are likely to be among those who are often caught unawares and they end up selling low or buying high which is against what they preach. To the best of my perspicacity, I don't believe there are actually overbought or oversold situations. At least, not while the market is still active. We only get to find out such a situation on hindsight and not while price is active around that region.

Kelvinid

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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.

This is the way I applied when buying/trading coins and I hope this could help you.
- volume trade
- exchanges (must be trusted)
- time of accumulation or buying (low price)

And it is very important that you know how to analyze the trend of that particular coin before buying like checking on the previous day's performance. You can't just buy a coin because it drops today but some possibilities that it was till high compared to the past days. This is also a think to consider.

AakZaki

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Regarding the decision when to sell and buy there are many factors that will influence such as market analysis, trends, economic news, and personal trading strategies. Many traders use technical or fundamental analysis to help determine when to buy or sell, as well as place stop losses and profit targets to limit risk. However, trading carries a high level of risk and there is always the possibility of losing, so it is very important to understand the market and have good risk management before entering a trade.
If you are not ready with trading knowledge, then don't trade, it will only make you like gambling because you are just guessing without any knowledge.

sana54210

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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.

Just following one project for months and then identifying its dips could be one of the working approach to figure out when to buy and what to buy. Most the losses I faced were due to ad-hoc decisions I made by got hyped by their marketing things. For example, I bought Tron when it was trading above 800 satoshi some few years back but I never able to sell it in profits even after years of holding. But the good thing is, I am able to stake it but prices wise I was misguided.

I checked few things and then decided to invest with tron. That time, they announced about FTT giveaway for tron holders on monthly basis. Now I feel I should not have invested because I have followed BNB when it was trading below 0.0015 BTC and if I have bought them then I might have got at least 10x profits by this time.

wajik-tempe

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It's a bit hard in crypto for just looking at the volume and the chart to make a profit, it is important to thoroughly research and understand the market trends and the specific cryptocurrency you want to invest in.
Also don't forget setting stop losses can help you limit potential losses by automatically selling if the price drops below a certain level.
last, be patient with your trades, crypto prices can be highly volatile, so it's important to have patience and not make impulsive decisions based on short-term price fluctuations.

monineklutak

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Quote from: Beparanf on February 06, 2023, 10:41:00 AM

Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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.

A common knowledge which is buy low and sell high will work for newbie because that’s how trading work. The only problem was newbie tends to mixed emotion when they are trading which always result to the opposite buy high sell low. There’s no trick on when to buy or sell. You just need to established your trading goal such as what profit is your target to sell and at what price you are willing to buy because the rest is just waiting on trading in able to earn.

Just buy and hold. Never daytrade if you are a newbie because you will just messed up on trade since you will chased all possible small profit on trading.

Indeed, in trading emotions we have to control not to let emotions control us,
when that happens then the output is we make the wrong decision,
it's not easy, of course, and it takes a process for newbies, the most important thing is to keep trying their best.

Beparanf

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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.

A common knowledge which is buy low and sell high will work for newbie because that’s how trading work. The only problem was newbie tends to mixed emotion when they are trading which always result to the opposite buy high sell low. There’s no trick on when to buy or sell. You just need to established your trading goal such as what profit is your target to sell and at what price you are willing to buy because the rest is just waiting on trading in able to earn.

Just buy and hold. Never daytrade if you are a newbie because you will just messed up on trade since you will chased all possible small profit on trading.

Baofeng

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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.

As others say, but when the market is in red, meaning they are down because the price is so cheap. But as to time the market, it's very difficult, you might have to learn TA (technical analysis), and see which indicators are pointing to a buying option, or selling option.

So there is no trick in the books, as for looking at the volumes, let's say a buy order, it could be misleading as well. There are whales that can influence it, like pushing for a large sell/bull order, they could have been just wanted to manipulate the price.

LogitechMouse

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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.

I just watched a Youtube video a few weeks ago regarding technical indicators that might help you with your trading journey.

On that video, he shared some of the technical indicators that might help you in your decision. 200 Exponential Moving Average, the MACD and the RSI. These are the indicators that he shared. I tried it and trade with only 10$ in Futures trading. Just a few hours ago, I have 90$ until my last trade where Bitcoin dropped massively and luckily I made a stop loss, but I lost 25$ with that mistake of mine. Now my 10$ is now worth 65$.

I'm not saying that the video I watched will also work for you, but that's what works for me.

Oshosondy

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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.

Learn indicators. You can use daily and weekly candles for more accurate result for swing trading, but also know that indicators can fail.

You can also get some analytic data from sites like glassnode to know exchange inflow and outflow etc. Follow reputable people on Twitter and read news for fundamental analyses.

Use the amount of money you can afford.

If it is day trading, be more careful and use low amount of money. Indicators can help, you need strategies and also trading money management learning.

livingfree

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Quote from: hack3rcon on February 06, 2023, 05:47:07 AM

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.

The easiest factor is to avoid low volume altcoins/tokens. You don't want to get stuck with those projects because you're not assured if there will be a sudden volume up with such projects.

There's also a tendency that the whales of those projects can manipulate it easy and the devs of it might just rug pull into it so be mindful on it.

And mostly, the simplest but needs initiative - DYOR. As in do anything to know more about the project you want to invest or have caught your interest.

TheUltraElite

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So anyway, I applied as a merit source :)

You buy when the price is low and you sell when the price is high. The question remains how high or how low are you going to go? That decision is based on previous price charts.

If the price was lingering at a low and then suddenly dropped you would want to wait to see the low and buy just as it seems to recover. This is the tough part of the decision but that difficulty can be covered by buying at different levels in equal amount.

By no means so I expect a newbie to do this effectively on their first day. But watch the market and read the charts, do some dummy trading.

hack3rcon

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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.

Topic: Tip and Tricks about when to buy or when to sell? - page 3. (Read 374 times)