Trading Guide 101 | Bitcointalksearch.org

kryptqnick

legendary

Activity: 3248

Merit: 1402

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Quote from: ChatBotv2 on February 21, 2018, 10:28:56 AM

in trading you just dont see the green and red numbers on how they went up or down
it must be taken note that always check the value of the coin first before saying that it really went up or down

for example: bitcoin is up (green percentage) by 4 percent but the value is 6000$
and compare it to bitcoin who have red stats and the value is 10000$
you get what I mean? the ups and downs percentage is significant but the price value is what really matters
before deciding to buy a coin check first the value, the chart and the status

PS. merits are always welcome =)

I think that you are right on that if we talk about investing into coins. Sure, seeing +25% of $6k and saying how much btc went up would be ridiculous. All the major coins have serious dips from their records right now and this should be taken into consideration. However, I disagree that the same holds for trading. In trading a person should not care about the prices, but must concentrate of fluctuations. If the coins is good and is currently 20% down then it might be good chance to buy it and then sell when it recovers on these 20% regardless to the price.

xianbits

sr. member

Activity: 910

Merit: 257

Quote from: dothebeats on February 21, 2018, 12:53:03 PM

Quote from: ChatBotv2 on February 21, 2018, 10:28:56 AM

in trading you just dont see the green and red numbers on how they went up or down
it must be taken note that always check the value of the coin first before saying that it really went up or down

for example: bitcoin is up (green percentage) by 4 percent but the value is 6000$
and compare it to bitcoin who have red stats and the value is 10000$
you get what I mean? the ups and downs percentage is significant but the price value is what really matters
before deciding to buy a coin check first the value, the chart and the status

PS. merits are always welcome =)

No, and actually, a loss is a loss depending on what your entry point is irregardless of the current value. Say for example I bought in @ $6000 and I have bought in @ $6600, that's already a 10% loss from my position/entry, same with what happened on my position @ $10000 and I bought in @ $11000 which also net me 10% loss in the end.

It's not always the end value that matters in a trader's perspective, what matters is how much did they gain from their position irregardless of the current pricing. No matter how high the value is, if you lose something it should be calculated as a loss no matter how you look at it.

Sorry but I don't find your comment relating to the issue or maybe I am slow atm that I can't follow.
As what I've understand, the intention of the topic is to remind everyone not to enter on a certain coin just because its percent change is dropping. I believe that is the common mistake esp to newbies in trading. They just look at the percent change (which is based to its price from a certain hour ago) but not on the current price itself. It pays to look and consider also the price in the chart wether it is at the bottom or at the top before buying or selling.

To ChatBotv2, you have a good point. I should give you more merits for this but I find it off stating that "merit thing". Please don't get offended.

Goaide619

newbie

Activity: 27

Merit: 0

Quote from: ChatBotv2 on February 21, 2018, 10:28:56 AM

in trading you just dont see the green and red numbers on how they went up or down
it must be taken note that always check the value of the coin first before saying that it really went up or down

for example: bitcoin is up (green percentage) by 4 percent but the value is 6000$
and compare it to bitcoin who have red stats and the value is 10000$
you get what I mean? the ups and downs percentage is significant but the price value is what really matters
before deciding to buy a coin check first the value, the chart and the status

PS. merits are always welcome =)

It is quit confusing, trader don’t look at the price value. They are looking for the current volume of investors buying the coins. If you will base your trade from the value of the coins then you must be being misled by your perception. The basic trading 101 is based on the support and resistance of your trade never on price value. You buy at the resistance in hoping to reach the support line.

lil_jb

newbie

Activity: 56

Merit: 0

the percentage is the most important important thing in trading. you always want a bigger percentage rather then a increase in price .

atrocityx

member

Activity: 336

Merit: 71

Quote from: ChatBotv2 on February 21, 2018, 10:28:56 AM

in trading you just dont see the green and red numbers on how they went up or down
it must be taken note that always check the value of the coin first before saying that it really went up or down

for example: bitcoin is up (green percentage) by 4 percent but the value is 6000$
and compare it to bitcoin who have red stats and the value is 10000$
you get what I mean? the ups and downs percentage is significant but the price value is what really matters
before deciding to buy a coin check first the value, the chart and the status

PS. merits are always welcome =)

I understand what you mean (atleast I think).. but the percentage does matter if you are a day trader.. the price of bitcoin starting the day is irrelevant as long as the value when closing the trade is higher... I put a lot of emphasis on percentages since daily percentage goals are easier to hit and consistantly feed your accumulation stacks more.

For example a trade on TRX or TRON back in january that gave 250% in a few days is a much more significant trade than BTC doubling in value.. I'd almost argue that percentages are the only thing that matters.

Now obviously if youre just hodling a long time and aren't actively day trading your examples become a lot more relevant.. I just don't see why so many people don't participate in these crazy ups and downs at least some.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: ChatBotv2 on February 21, 2018, 10:28:56 AM

in trading you just dont see the green and red numbers on how they went up or down
it must be taken note that always check the value of the coin first before saying that it really went up or down

for example: bitcoin is up (green percentage) by 4 percent but the value is 6000$
and compare it to bitcoin who have red stats and the value is 10000$
you get what I mean? the ups and downs percentage is significant but the price value is what really matters
before deciding to buy a coin check first the value, the chart and the status

PS. merits are always welcome =)

No, and actually, a loss is a loss depending on what your entry point is irregardless of the current value. Say for example I bought in @ $6000 and I have bought in @ $6600, that's already a 10% loss from my position/entry, same with what happened on my position @ $10000 and I bought in @ $11000 which also net me 10% loss in the end.

It's not always the end value that matters in a trader's perspective, what matters is how much did they gain from their position irregardless of the current pricing. No matter how high the value is, if you lose something it should be calculated as a loss no matter how you look at it.

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: ChatBotv2 on February 21, 2018, 10:28:56 AM

in trading you just dont see the green and red numbers on how they went up or down
it must be taken note that always check the value of the coin first before saying that it really went up or down

for example: bitcoin is up (green percentage) by 4 percent but the value is 6000$
and compare it to bitcoin who have red stats and the value is 10000$
you get what I mean? the ups and downs percentage is significant but the price value is what really matters
before deciding to buy a coin check first the value, the chart and the status

PS. merits are always welcome =)

It's only color and number, the important thing is you know where the price will make their move ( up/ down ). Your post is more like calculation take profit point and stop loss area. Price always change in second and we can't follow it, that's why most trader choose to use indicator to give them sign for action. Indicator always follow market and more easier ( for me ) to make option decision than taken note to check coin price.

Scentaur20

newbie

Activity: 19

Merit: 0

Quote from: ChatBotv2 on February 21, 2018, 10:28:56 AM

in trading you just dont see the green and red numbers on how they went up or down
it must be taken note that always check the value of the coin first before saying that it really went up or down

for example: bitcoin is up (green percentage) by 4 percent but the value is 6000$
and compare it to bitcoin who have red stats and the value is 10000$
you get what I mean? the ups and downs percentage is significant but the price value is what really matters
before deciding to buy a coin check first the value, the chart and the status

PS. merits are always welcome =)

thanks for this info i try to trade but i lose many times huhu Sad

bob3772

full member

Activity: 415

Merit: 100

Quote from: ChatBotv2 on February 21, 2018, 10:28:56 AM

you get what I mean?

Not really - I think you're saying that percentage growth doesn't matter as much as the price. Percentage growth is directly determined by the price. Price goes up, percentage growth goes up/percentage lost goes down.

ChatBotv2

newbie

Activity: 5

Merit: 12

in trading you just dont see the green and red numbers on how they went up or down
it must be taken note that always check the value of the coin first before saying that it really went up or down

for example: bitcoin is up (green percentage) by 4 percent but the value is 6000$
and compare it to bitcoin who have red stats and the value is 10000$
you get what I mean? the ups and downs percentage is significant but the price value is what really matters
before deciding to buy a coin check first the value, the chart and the status

PS. merits are always welcome =)

Topic: Trading Guide 101 (Read 199 times)