There is nothing wrong with you, you fully trade with technical analysis even though you have not done fundamental analysis that can change market conditions in an instant, news can make the market breakout and change trends sometimes also influenced by whale manipulation.
I don't think it's a problem while you still get profits, for another time the market conditions are reviewed again not only from technical but also from news.
Topic: Trade - mistake? - page 3. (Read 683 times)
If you bought at $10,754 and sold at $10,800 you sold way too early there. That's only 0.42% I don't know if that's even enough to cover for the fee's that the exchange will charge you. Are you trading manually or you are using a bot? You could have earned more if you waited a bit longer. If your plan is just to scalp your target should be at least 2% on every trade.
from your case I think you just can't control your patience and that is only a natural mistake for traders because they don't know what will happen in the future, the method you are doing is correct and you can get very little profit next time you try to open a sell order 50% higher than when you buy.
At least this is a lesson learned for him and I'm sure everyone was gone thru that same experience specially when we are in the beginning of our trading journey. But as others have said, we don't have the crystal ball to see what's going to happen next so just be it. It is still a winning profit though no there is nothing to be ashamed of. 
from your case I think you just can't control your patience and that is only a natural mistake for traders because they don't know what will happen in the future, the method you are doing is correct and you can get very little profit next time you try to open a sell order 50% higher than when you buy.
I don’t see any mistakes since you do day trading and that’s why you sold early, and it is still good to have profit after all. If there’s a mistake i think its about how you handle your emotion, we know this market is unpredictable so if you do day trading you must see that movements. If you still trading now, i guess you’ve made another profit.
No did not make any mistakes, from the looks of it you still gain some profit so I don't know why are you complaining. Although the price goes up after you sell, you can't really see that though even if you do some technical analysis. I mean, the sentiments of the investors today are intangibles, at least you executed your exit plan and there is nothing to regret in your end.
It is advised not to sell everything just in case the price keeps going up. Technical indicators do not work all the time. It doesn't even work for me most times. I just buy low and sell
By the way, you made some profits... that should comfort you at least .
By the way, you made some profits... that should comfort you at least .
You had profit, right? It happened sometimes, after you had sold you coin with small profit, prices will further increase. This game here is a matter of sticking to your game plane. But, you really like bitcoin. You can hold them for a while.
it's good if you want to invest in altcoins, you can buy low prices, because it will definitely decrease continuously. It is safer to buy bitcoin.
Seems like you did a typo here. If the price of alts continuously decreases then you should not buy it, and that means buying alts is not a good thing.
Anyway, that's not related to OP at all.
I don't see you wrong. Because in the field of investment, you can never know the future.
He's trading, not investing. He clearly uses a crazy short time frame which is not ideal for scalping.
Indeed, to invest in altcoin is really hard to guess, because the price of bitcoin has risen steadily, it's good if you want to invest in altcoins, you can buy low prices, because it will definitely decrease continuously. It is safer to buy bitcoin.
You sold you btc too early that day. If you have a 5-10% leverage then you could wait for the pump just like what happenned now. There's no problem waiting it for a few days. If you can see, you've entered an entry at ,10700 and sold it at 10,800. You did not get enough profits since in every execution of entries there is corresponding fees. It just ate up your fund.
Try to change your technical analysis or indicators. Also, follow some good speculation price just to give you an idea where is the path of the market. I am not saying you will follow their speculation but it is just a basis for you to know.
Try to change your technical analysis or indicators. Also, follow some good speculation price just to give you an idea where is the path of the market. I am not saying you will follow their speculation but it is just a basis for you to know.
Hello traders,
Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).
https://pasteboard.co/IkN75r0.png
So I bought BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.
Where did I make mistake?
Thanks for every answer
I don't see you wrong. Because in the field of investment, you can never know the future. So, when you are profitable, you really should be thankful for your luck.Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).
https://pasteboard.co/IkN75r0.png
So I bought BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.
Where did I make mistake?
Thanks for every answer
Our crypto market is currently very difficult to predict, things are growing a lot but no one dares to assert a long-term growth future.
you are managing it very well and don't stop. don't let greed lead.
I don't see the mistake there, you bought at a lower price and sell at a higher price, that result to profit and profit is never a mistake regardless on how small it is. When it comes to interpretation of the graph, we might see it differently, but what's important is we made profit every time we sell, not everyone can sell at a max profit but if you are good in predicting the next price, you will surely increase your profit doing more trades.
My big mistake lately is not buying bitcoin some time later when the bitcoin price is around USD 3000 ......
This is because I don't have the money to buy bitcoin at the price of USD 3000
But I agree with some replies that your trading strategy used is scalping by quick transaction, that is how you are able to do a transaction in short time. Beside other technical tools such as TF etc, I suggest you to change that trading strategy to earn more profit. I believe there will be a bigger profit but......transaction duration will be a little longer.
Other trading strategy other than scalping are: Day trading and swing trading.
This is because I don't have the money to buy bitcoin at the price of USD 3000
But I agree with some replies that your trading strategy used is scalping by quick transaction, that is how you are able to do a transaction in short time. Beside other technical tools such as TF etc, I suggest you to change that trading strategy to earn more profit. I believe there will be a bigger profit but......transaction duration will be a little longer.
Other trading strategy other than scalping are: Day trading and swing trading.
You went wrong assuming that your extremely low time frame chart would offer you something to hold on to, but it didn't. Large buys are spontaneously causing the price jump up with $100-$200 in a second.
I would recommend you to just stop trying to scalp but focus on a "longer term" buy low sell high tactic. One single buy low sell high trade will make you more profit than most of your scalps combined. Just my opinion.
I must say though, this (buying at $10,754 and selling at $10,800) is the smallest profit scalp I have ever seen.
I would recommend you to just stop trying to scalp but focus on a "longer term" buy low sell high tactic. One single buy low sell high trade will make you more profit than most of your scalps combined. Just my opinion.
I must say though, this (buying at $10,754 and selling at $10,800) is the smallest profit scalp I have ever seen.
Where did I make mistake?
You sold your BTC too early, i think that was the mistake you made because the price goes up after you sold it but we don't have a crystal ball to see the future but a profit of almost 0.5 percent is too little and don't include the trading fees. As long as you profit in your trade, i think you are doing good but sometimes we have to be greedy in times like this. So I bought BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.
Where did I make mistake?
I was looking on indicators and oscillator but I didnt see any anything.
Where did I make mistake?
What are you doing, scalping the 1-minute time frame?! A 0.428% profit is enough to get something after fees, but it's not worth the effort to me. I would zoom out and start trading higher time frames if I were you.
There is an incredibly strong bull trend on every time frame from 4-hour to monthly. This trend can overwhelm anything you see on your 1-min or 5-min indicators. Selling short term overbought conditions is really only advisable during range-bound trading. During a strong uptrend like this, you are missing out on much bigger gains by selling too early.
You use 1m time frame, right? the signal from the indicator will not be completely valid
if you want to scalp trade 1m TF it's too extreme, it's better to use 5-30m TF
and also I see the spread between buying and selling too low, buy at 10754 then sell at 10800 it means that only profit 0.428%, and that also does not include trading fees
It's wash trade, IMO
if you want to scalp trade 1m TF it's too extreme, it's better to use 5-30m TF
and also I see the spread between buying and selling too low, buy at 10754 then sell at 10800 it means that only profit 0.428%, and that also does not include trading fees
It's wash trade, IMO
Hello traders,
Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).
https://pasteboard.co/IkN75r0.png
So I bought BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.
Where did I make mistake?
Thanks for every answer
Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).
https://pasteboard.co/IkN75r0.png
So I bought BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.
Where did I make mistake?
Thanks for every answer
Nothing mistakes I seen in your strategy you can earn profits, and as a traders nibody can get perfect, and for bitcoin price increase hit at 11,000$ price nobody can expect this amazing fast growing price increase, So if you feel have a mistake then analysts it.
Hello traders,
Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).
https://pasteboard.co/IkN75r0.png
So I bought BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.
Where did I make mistake?
Thanks for every answer
Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).
https://pasteboard.co/IkN75r0.png
So I bought BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.
Where did I make mistake?
Thanks for every answer
Jump to: