Trading - Is it just me or happens to everyone?

TheRasko

newbie

Activity: 6

Merit: 0

Quote from: Pursuer on February 16, 2018, 04:15:13 AM

this is a common problem among those who buy altcoins without knowing why they are buying that particular altcoin.

for example here

Quote from: TheRasko on February 16, 2018, 03:22:33 AM

XLM - Sold it after holding 10 days, barely any profit, next day it went 100+% up

why did you buy XLM? did you buy it because you hoped it will go up and give you profit? or did you buy it because you analyzed and made an educated conclusion that it will go up and give you profit?

I am willing to bet that it was mostly the "hope" part specially if it happens to you a lot. the key to successful trading is to try and make more reasonable trades instead of wishful thinking and falling for the altcoin hypes.

Before I invest in a currency, I check the whitepaper and ask myself if I would use this application? Is it really useful or has a solution for a problem. Then I check the roadmap, github activity and community. After all off this, if I believe the coin/token is underpriced and has potential to go up in short term, I invest in it.

The problem is, I don't want long-term hold. It's not because of i want "get rich ASAP", it's because I make a living out of trading and paying big depths. So at the moment I can't afford to lock up my money in a currency for long term.

Actually I'm doing good so far. I already made much more money than my initial investment but this thing happening to me is very frustrating and puts me in stress.

ghost14k

jr. member

Activity: 126

Merit: 1

You are not coursed this is trading and it happens often. Try and know about FA of the coin you are entering that way you will know what to expect. Still remember in cryptocurrency you can't have it all, just tell your self your target profit and exit without looking back.

evader11

full member

Activity: 434

Merit: 100

Hexhash.xyz

Trading happens to everyone who started to buy and sell token that is what traders do. But in general you should hold coins longer because that will help you to have a good profit. The secret is to keep your coins for a long time but in addition, before buying the coin you have look the thread, social media, whitepaper and the roadmap.

Olalomi

member

Activity: 490

Merit: 12

You need in depth knowledge in technical analysis this could had save some of trades going contrarily to your decision, as a trader you should study Japanese Candlesticks pattern and price actions these tools when formed at support and resistance points will would ensure entering your trades at the appropriate time.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: TheRasko on February 16, 2018, 03:22:33 AM

I only buy when a coin goes dip and hold it for a week or so and if I don't see a movement on the price and if I'm not down, I sell it and move on to another coin.

this is part that you make a mistake and yes I also made the same mistake and the same thing happens to you is the same thing that happened to me.

When you buy a coin you are expecting that coin to increase in price in a week or 10 days or a month and then you expect that coin to fall to repeat the same process, that is the error.

solution:

before buying the coin look at the thread, twitter and see the roadmap the coin and if there is no bad news about the coin and if you realize that the coin have a good roadmap with a good team then you buy the coin and hold for 6 months or a year. the secret is to keep for a long time, when you have already made a profit of 2x you can consider selling a part and investing in other coin

Quote from: TheRasko on February 16, 2018, 03:22:33 AM

Am I cursed or what?

NO

Quote from: TheRasko on February 16, 2018, 03:22:33 AM

I'm planning to open a website and inform people about my sell orders. Maybe I can make some money out of it.

bad ideia

eternalgloom

legendary

Activity: 1792

Merit: 1283

When are you selling those coins exactly? Are you selling them while the price is still rising or when the price is going down?
It's positive that you still have a profit in the first place, but perhaps you should look into holding coins longer in general.

I doubt you held any of those coins for a year, or am I wrong?

oddwh

hero member

Activity: 854

Merit: 1002

This already happened a lot of times to me. A lot of years ago, I invested in Karma coin (a truely shitcoin, yeah Cheesy

), the price dropped to 10 litoshis. For those who don't know what is a litoshi, it's the satoshi of litecoin. I decided to sell once it reached 20 litoshi, I was happy because I recovered a bit from my loss, but I was still at loss. Then the price skyrocketed to 600 litoshis. Damn.

I had it more recently with LSK. Invtested at 40k sat, the price dropped to 10-20k, I dedided to get back my investment once it came back to 40k as it didn't progress much more. Then the price skyrocketed 4 or 5 times higher, don't remember exactly Cheesy

Anyway if you didn't get any loss this is not a real problem, it's just a small waste of time.

I'm quite sure everyone has at least one situation of this kind.

zentdex

full member

Activity: 196

Merit: 274

You are cursed! lol, I think that is normal, one can't even know when do the price could go up and could go down. Ten days of holding seems not working, I am not a good trader though but I think you should avoid setting a specific day for holding, you could even start to buy and sell in the same day or just after 24 hours that is what day traders do. But if you want for the long term i think some hold it for more than ten days. If you will plan to create a site about trading you should first check other website about or you just create a blog about your trading experience.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

this is a common problem among those who buy altcoins without knowing why they are buying that particular altcoin.

for example here

Quote from: TheRasko on February 16, 2018, 03:22:33 AM

XLM - Sold it after holding 10 days, barely any profit, next day it went 100+% up

why did you buy XLM? did you buy it because you hoped it will go up and give you profit? or did you buy it because you analyzed and made an educated conclusion that it will go up and give you profit?

I am willing to bet that it was mostly the "hope" part specially if it happens to you a lot. the key to successful trading is to try and make more reasonable trades instead of wishful thinking and falling for the altcoin hypes.

bakujo0817

member

Activity: 313

Merit: 11

you are not curse the problem is you for being inpatient i think you in hurry in making profit and you afraid to lose i think youre panicking when you see the price drop and sell for barely profit youre using your emotion in trading.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: TheRasko on February 16, 2018, 03:22:33 AM

Hi,

I short term(7-10 days) trade crypto currencies but almost everytime when I sell a coin, it's price skyrockets in the same or the next day.
I only buy when a coin goes dip and hold it for a week or so and if I don't see a movement on the price and if I'm not down, I sell it and move on to another coin.

Here are a few example:

XLM - Sold it after holding 10 days, barely any profit, next day it went 100+% up
POE - I sold for %10 profit, it hit an all-time high record the same day. I could get at least 40% more.
INS - Sold it after holding 1 week, barely any profit, next day it went 30% up
ETH - Sold it after holding 10 days, barely any profit, next day it went 25% up

This list goes on and on. If it would happen a few times, I would call it coincidence but it happens like 80% of the time when I sell.
This is not normal. My friends are making fun of me like "Hey tell us when you're going to sell a coin so we can buy it".

Few days ago we tried this with a friend, I've sold my LTC and told it to a friend, he bought little amount just for fun and the next day news about Litepay came up and price jumped.

Am I cursed or what?
I'm planning to open a website and inform people about my sell orders. Maybe I can make some money out of it.

What you are facing is normal and contrary to your thinking, you are not cursed. What I see you witnessing is not enough profit as you wanted. In trading, you need to get your mind ready for whatever comes next after you made the decision and never made the decision as to buy or sell unless you are ready to face it. The market is an open one where people buy and sell, the highest margin is not meant for one person but to be shared by several people in between and that is what make the market going.

You made 10% profit instead of 40% profit and you complaining, someone somewhere made less profit for you to even have access to buy in the first place and some people might have made 5% or loss. So live and let others live. You also want to open a website to announce your orders? Did you even consider the costs to get traffic to the website? You are not a pro yet so that will be difficult. You can can try open a thread on the forum in the relevant section to reduce cost.

With time and with much capital, that little percentage of profit could turn out to be massive stream of inflow to you if you are not greedy.

TheRasko

newbie

Activity: 6

Merit: 0

Hi,

I short term(7-10 days) trade crypto currencies but almost everytime when I sell a coin, it's price skyrockets in the same or the next day.
I only buy when a coin goes dip and hold it for a week or so and if I don't see a movement on the price and if I'm not down, I sell it and move on to another coin.

Here are a few example:

XLM - Sold it after holding 10 days, barely any profit, next day it went 100+% up
POE - I sold for %10 profit, it hit an all-time high record the same day. I could get at least 40% more.
INS - Sold it after holding 1 week, barely any profit, next day it went 30% up
ETH - Sold it after holding 10 days, barely any profit, next day it went 25% up

This list goes on and on. If it would happen a few times, I would call it coincidence but it happens like 80% of the time when I sell.
This is not normal. My friends are making fun of me like "Hey tell us when you're going to sell a coin so we can buy it".

Few days ago we tried this with a friend, I've sold my LTC and told it to a friend, he bought little amount just for fun and the next day news about Litepay came up and price jumped.

Am I cursed or what?
I'm planning to open a website and inform people about my sell orders. Maybe I can make some money out of it.

Topic: Trading - Is it just me or happens to everyone? (Read 171 times)