Chances are you are not very patient, however, if you really are only targeting short-term trading, I think I will do the same.
according to the picture you sent, you sold less than 4 hours after you bought bitcoin at a pretty low price compared to 4 hours after that. maybe you need to hold back more than that and be patient when prices are rising because that could just be a pump. but you need to pay attention because it's also quite prone to dumping.
Well, in this case, you don't get the maximum profit because you target profit in the short term. maybe on another occasion, try to wait for the highest point of the rise in bitcoin before selling it.
Topic: Trade - mistake? (Read 683 times)
Any profit is better than a loss, BUT you always want to buy as low as possible so that you have a greater chance of making as much as possible on the way up.
That is how I see it too, it is better to make profit no matter how tiny it is than to loose, losses can be painful while gains can still be of encouragement to stay and do more no matter how small it is, what we just need to learn is how to quickly turn over, which is why some people would prefer to do scalping rather than waiting for a huge profit and them miss out on when they are supposed to sell.With scalping, you are not so much bother about how much bitcoin later grows to, but how many time you can take advantage of those little fluctuations and use it to make more profit when you compound them. These are the type of situations that a trader must get use to, market is volatile, and we cannot always make the right decision.
Op no mistake is made from you. Is a volatile market and who knows if you would have been losing if you didn't exit your trade at that time. There is another day for big gains. Little gain are better than even little loses.
That is also right, but if he can be more patient and aware of the issues that are currently circulating maybe he will not sell it too fast, the incident also several times I experienced that did not realize if the trend will still continue to go up, a little sorry indeed but most importantly we have gotten profit, even though the profits are too low but at least we are not greedy. 
That is not a mistake, if you know that market cannot be predicted 100% with any indicator. Maybe in theory you learned are correct, but there are many factors that cause prices to surge or fall. For example, FUD, FUD is able to get rid BTC deep enough and it can't be read by any indicators.
Yeah right, we really can't rely on just one or two indicators, confirming on the TF is quite accurate but sometimes we can't stop the whale going fast. I myself usually use TF 1H, 4H, 1D for daily trading.
As long as you made a profit, small or big it's still profit. So, do not worry about that, disregard the regrets. You rely on the shortest timeframe and that is okay. It's just that we can't really sure that our predictions will really going to happen. We have actually the same indicators that are using. Maybe if you want better results, confirms it with the higher tf's like 1hr, 4hr or 1d.
Yeah right, we really can't rely on just one or two indicators, confirming on the TF is quite accurate but sometimes we can't stop the whale going fast. I myself usually use TF 1H, 4H, 1D for daily trading.
Any profit is better than a loss, BUT you always want to buy as low as possible so that you have a greater chance of making as much as possible on the way up.
Yes, that is why we don't need to complain if we could only get a small profit because we have another day to make a big profit. If the market is not moving up in this day, it will grow in the next days, so what we need to do is continue to trade, try to make more profit in this day if we can, and accept the profit. That will better than to get a loss because not all traders can get the profit.
As long as you made a profit, small or big it's still profit. So, do not worry about that, disregard the regrets. You rely on the shortest timeframe and that is okay. It's just that we can't really sure that our predictions will really going to happen. We have actually the same indicators that are using. Maybe if you want better results, confirms it with the higher tf's like 1hr, 4hr or 1d.
This is what trading it takes, patience is always a key in order to succeed and earn more. But it is really hard when you never put 100% trust into your coin and also self-confidence. The most common mistake that traders did is the wrong choice of coins to trade and never lessen to people's advice.Even if we been choosing good coins, and yet you don't decide selling at good price. Greed sometimes put us into bad situations which that mistakes made us regret in the long run. Once we failed to decide taking good profit, it's hard to wait for another price increase for our holdings.
If a guy is has started thinking that trading can be a great mistake for him, it is really a mistake, but only for him. It simply means that he should better deal with something that he likes at least a bit more. Trading (even with losses) must be interesting and exciting to people dealing with it.
And the more sincere interest they show, the better will be the results of their activity.
what were you thinking mate ? If you do the basic math then you will get that buying at $10754 and selling it at $10800 won't make you a good amount of profit considering the trading fees which should probably be around 0.15% . You should definitely reconsider your targets and adjust the entry and exit points so that you can get a better profit.
Any profit is better than a loss, BUT you always want to buy as low as possible so that you have a greater chance of making as much as possible on the way up.
In talking of technical aspect there is nothing wrong with the transactions it just suddently the price of Bitcoin rise up in which you already traded it at much lower price. This is normal because the market price is really unpredictable in which seconds and minutes are vital too.
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
You just made 0.42% for that trade, if we are going to deduct trading fees of 0.25% that will leave you with only 0.12% profits. Try using Bollinger Bands in the future before you decide to Buy or Sell because it will help you see if trend will continue or not. You also need to observe the coin first before buying or making a decision. 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
Where did I make mistake?
Thanks for every answer
You haven't seen any indicator? Get used to it because market price can shoot up without any signs no matter how good it is.
He used 1m time frame as an indicator, so obviously, he didn't wait for longer to realized his gain. And I don't know if there are traders here who uses that strategy, I mean what can you see in that time frame? At least 15-30 minutes should be the target time frame to see what's going on. And in his case, he price suddenly went up and he could have profited more and not just spend his project on the trading fees in case he decided to withdraw his funds.
I think, you don't made a mistake because you sell your Bitcoin with profit. You just sold at very early, may the reason is you follow your emotions. Next time try to have more patience in selling Bitcoin because many say it will reach a new ATH.
It is usually such feeling when someone sells and market starts jumping higher but OP should ask his or herself how it will feel when after you sell, the price drops further lower. I'm sure you will be happy in such situation.Market price is not controlled by anyone, we take decisions that we think suits the situation at that time.
I think, you don't made a mistake because you sell your Bitcoin with profit. You just sold at very early, may the reason is you follow your emotions. Next time try to have more patience in selling Bitcoin because many say it will reach a new ATH.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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
I can't see any mistake here. Why you think you did some mistake because of sold earlier. No one know that price going rise up so quickly. You choose safe way to trade and it's totally great. Because at the end you earn some profit. Many people did mistake because of greedy. Just thing if price down then what should you did..? It's totally okey sometimes to profit little amount.
For me, it's better to take a little amount than never because we cannot make a big profit every day. We can try again on the other days so we can make another profit too. I am sure that if we can try to trade by selecting many coins, we will make the profit again. At least, he could still make a profit, and I am sure he can get a profit again. No need to worry because that is not a mistake, and sometimes we do that in the trading.
Trading cryptos is not an easy task, most of the time the person buys for example the price of $ 10,000 and days later the price goes up to $ 10500 and the person sell. but hours later the price goes up to $ 11500 and the person realize that it could make high profit. However, if the person is greedy, they may risk losing money. My advice is that you should set a profit percentage, something like 2% to 3%
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
I can't see any mistake here. Why you think you did some mistake because of sold earlier. No one know that price going rise up so quickly. You choose safe way to trade and it's totally great. Because at the end you earn some profit. Many people did mistake because of greedy. Just thing if price down then what should you did..? It's totally okey sometimes to profit little amount.
Where did I make mistake?
Thanks for every answer
You haven't seen any indicator? Get used to it because market price can shoot up without any signs no matter how good it is.
His trade according to him was not meant to be a long term investment, and that is where holding works better because you tend not to lose every of those increase if you wait till the value hits it speak, but as a short term trader, it is those little profits that he has t just learn to compound and I don’t think that profit is small to make in a day if he is to scalp trade, imagine I’m making x3 if that daily, and should multiply it by the number of days in a month, would any investment had yielded him that?
As long as you made a profit, small or big it's still profit. So, do not worry about that, disregard the regrets. You rely on the shortest timeframe and that is okay. It's just that we can't really sure that our predictions will really going to happen. We have actually the same indicators that are using. Maybe if you want better results, confirms it with the higher tf's like 1hr, 4hr or 1d.
This is what trading it takes, patience is always a key in order to succeed and earn more. But it is really hard when you never put 100% trust into your coin and also self-confidence. The most common mistake that traders did is the wrong choice of coins to trade and never lessen to people's advice.Even if we been choosing good coins, and yet you don't decide selling at good price. Greed sometimes put us into bad situations which that mistakes made us regret in the long run. Once we failed to decide taking good profit, it's hard to wait for another price increase for our holdings.
As long as you made a profit, small or big it's still profit. So, do not worry about that, disregard the regrets. You rely on the shortest timeframe and that is okay. It's just that we can't really sure that our predictions will really going to happen. We have actually the same indicators that are using. Maybe if you want better results, confirms it with the higher tf's like 1hr, 4hr or 1d.
This is what trading it takes, patience is always a key in order to succeed and earn more. But it is really hard when you never put 100% trust into your coin and also self-confidence. The most common mistake that traders did is the wrong choice of coins to trade and never lessen to people's advice. 
Where did I make mistake?
Thanks for every answer
You haven't seen any indicator? Get used to it because market price can shoot up without any signs no matter how good it is.
As long as you made a profit, small or big it's still profit. So, do not worry about that, disregard the regrets. You rely on the shortest timeframe and that is okay. It's just that we can't really sure that our predictions will really going to happen. We have actually the same indicators that are using. Maybe if you want better results, confirms it with the higher tf's like 1hr, 4hr or 1d.
You could not see the future and know that the price of bitcoin will rise. You just followed your strategy and made a profit. It doesn't always happen that we can choose the right moment. But don't get upset about it.
Being upset it signifies that from anytime soon this person will leave from trading and look for another. Well, we have to know that trading isn't an easy job to take by and only knowledgeable person with strong trading determination will only survive. It is quite a lot has tried by only a few of them succeed because they don't have such figure and positivity in there mind.
You have a wrong way of seeing your trades. A trade where you made money is a good trade and it doesn't matter that it later went up more and you missed it.
Most people lose money on the market this is a fact and it is always so on any market. When you're making money you're in the elite. Only 1% of traders or less manage to sell at the peak.
Most people lose money on the market this is a fact and it is always so on any market. When you're making money you're in the elite. Only 1% of traders or less manage to sell at the peak.
Just be grateful that you made something, and stop relying on clues in charts. Stop thinking that you must buy at the absolute lowest, and sell at the absolute peek. There's no way for anyone to know. So many different factors determines the price of coins.
~snip~
I thing op needs to differentiate those time frame. If you know how to use these time frame. You can execute your signals well. I am currently using moving average. And if I missed something like this, my plan will devastate. My technical basis is also the time frame in putting my orders. A lot of things will change once we have misses to change or use the correct time frame. I always do signal comparisons from multi-time frames (5m 15m or 30m), if the signal from several time frames shows the same result, I will go to the low time frame (5m) to determine the entry price.
my last trade: https://www.binance.com/en/trade/pro/RVN_BTC RSI, Bollinger Bands, Fibonacci
15m TF
5m TF
Hint
5m and 15m Time frame giving the same signal to Bollinger bands (lower) and Fibonacci (0.5 points), I go to the lower TF (5m) to determine the Entry price, on the lower TF the buy signal is strengthened again by the RSI 30. so I decided to buy at 466sat and sell when Bollinger Bands is in the upper position and RSI is around 70 (488sat)
Trade History
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
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
And you won't see anything
As Bitcoin prices for us, regular folks, are only a variety of random walk (read, all those fancy indicators are mostly useless, even if you think they are not). Other than that, it is not clear what trading fees you paid. If you paid 0.1% on each order (first buy, then sell), it looks like you earned dust (though it depends on the amount traded, naturally). If you paid more like 0.2%, you didn't earn anything. Have you fallen victim to fear and greed?
We can never predict exactly how much the price of a coin can rise. You did the right thing. A small profit is also a profit and do not worry. But in any case, if you are not satisfied with something, you can always change the strategy.
That's a very short price move, you could've just waited for little more time. On the technical indicator chart it is possible to find whether the next market move is uptrend or downwards based on the candle sticks representation. This isn't a mistake, what you've done is just a learning.
Trading is all about experimenting, upon which it is always good to do mistakes when you do trading with small funds and the learning will help when you further proceed with huge funds with similar trading strategies or trade pattern.
Trading is all about experimenting, upon which it is always good to do mistakes when you do trading with small funds and the learning will help when you further proceed with huge funds with similar trading strategies or trade pattern.
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
Many times I experience the same thing as you, I don't think this is a big enough problem. It might be a nightmare for you if the price goes down but the indicator says up, there is no mistake from you while you still benefit from that trade.
Maybe you can improve again in learning to trade, use TF 5-10-15-30 minutes, so you can see wider market movements.
this week trading has been a huge profit for btc/usdt traders raking a huge amount of profits. currently,the ,market is correcting form the volatile move it made. this may lead us into hitting 20k before December.
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 are 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.
He was scalping so it wasn't like ti was too early, people don't just sit around waiting for pumps, no matter the action. In fact, even with the past 7 days all registering new highs, 2% crashes at 5% leverage can kill you at stop losses all the way waiting for those spikes.
OP you made a profit. You did it scalping. There's nothing wrong there. That's kinda exactly how it's supposed to work =)
Often trades think selling too fast is a mistake, but what if the situation is just the opposite? even if you have seen an indicator that it will go down but the opposite happens it is not impossible. so the decision that has been taken is not a mistake if you have already made a profit, just need not to sell all at the same price it would be better to maximize profits or reduce the risk of loss.
Precisely! As long as you entered and exited knowing and understanding why you did both, you're good. Every decision has to be educated and based on sound reasoning. How the market turned out after the fact is more learning. OP prevented an unwanted scenario (loss) so should be happy.
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
Everyone saying that you didn't make any mistake and was just impatient. However, I don't think the same. You made some fundamental TA errors. You entered in market while price was in sideways trend and sold very quickly. You can see in chart that although price was moving in closed bracket of $10700-10800 but volume was decreasing continuously. Hence, it signifies trend reversal and price breakaway. Once volume falls to lowest point, trend is usually reversed and both price and volume start increasing thereafter like it did @ $10,720 in your chart. This point was your perfect indicator to hold for longer period but you sold very soon. If I was in your place, I would have sold @ $11,020 when increased volume first started decreasing because thereafter $11,020-11,120 span was euphoria and not worthy to hold.
Often trades think selling too fast is a mistake, but what if the situation is just the opposite? even if you have seen an indicator that it will go down but the opposite happens it is not impossible. so the decision that has been taken is not a mistake if you have already made a profit, just need not to sell all at the same price it would be better to maximize profits or reduce the risk of loss.
I see no mistakes on here yet this is just a typical scalping but on a very extreme smallest time frame.OP, your just assuming that
had commit mistakes due to the price did shoot upwards but well you are still on profit which still considered good but not really big enough though.
You sell off to early and just like on what others telling here it would be a worthy shot if you do increase the TF you are scalping on.
had commit mistakes due to the price did shoot upwards but well you are still on profit which still considered good but not really big enough though.
You sell off to early and just like on what others telling here it would be a worthy shot if you do increase the TF you are scalping on.
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
I thing op needs to differentiate those time frame. If you know how to use these time frame. You can execute your signals well. I am currently using moving average. And if I missed something like this, my plan will devastate. My technical basis is also the time frame in putting my orders. A lot of things will change once we have misses to change or use the correct time frame. 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
In my opinion and experience you have not made any mistakes! Just that you were not patients enough to hold until the market appreciate enough. If you hold for more days you could have made above $2000 from your investments. Technically I have find out that most of those lagging indicators such as oscillators and sri don't pick signal fast and sometimes there only show you pass markets data and as such you should not depend on them in making a trading decision. You have to combine them with daily or hourly candlestick formations before taking a decision on either to close your order or open a new one. 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
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
You didn't made any mistake because you made profits around $50 but if you can wait longer then you would made more profits then you got.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
Indiactors are not the actual movement,its likely to move but not compulsory.
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.
That is right, exactly what matters most is that we see profit, he was even lucky to have made the right decision to sell at that price because there was still a correction back to $10500, and if he had not sold, he would have either panic sold and losing out completely. Well, I understand the tension traders do face in making decision when it comes to buying and selling of orders, which is why I rather prefer to be a long term holder. I already believe that the price will reach about $30k to $35k in the next bull run, and that is my target now, so no matter the profit I see now, I think it is best I wait for the new ATH before selling.
Don’t think it is a mistake because you are able to get profits and I think this happens every now and then, it part of trading, there are really times that we can’t predict the market because it changes often just be smart perhaps in the future when trading bitcoins.
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
You have not made any mistake dude, you cannot accurately predict the market, not even with analysis, the important part is that you still made profit with your analysis, and if you start looking at your decision as a mistake simply because the market overshot your target, greed will start setting in and I think you have to quickly let this go. 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
We cannot always grasp all the profit no matter how much you try, what you should be prepared for now, or watching out for is to get another entry point that will be accurate, because that could be were you will find it challenging, try and wait for the value to correct, then buy, you can now wait for it patiently know what it is capable of doing in the next surge.
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.
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.
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: