Trading with - and + percentage (%) | Bitcointalksearch.org

Manchumichael

sr. member

Activity: 630

Merit: 250

Quote from: Zocadas on January 26, 2018, 02:32:06 PM

Quote from: Radius111 on January 26, 2018, 07:22:35 AM

Hello,

I kwow it is profitable to buy when the price is low and sell when the price is high.
What I see in the currency exchange I am trading on are 24 hr percentages.
Sometimes the percentages show a 'minus' -, and sometimes they show a 'plus' +.

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

Thanks

No, it is not a good idea, because exchangers generally only show the movement changes of the last 24 hours. You should use also an app like blockfolio or visit coinmarketcap.com to see at least the last three months. As I was new to day trading, I trapped into those + and - percentages with quite big loss, because I baught the cryptos on the highest points, compared to the last 7 days.

You have experience in trading and know all coins history then you can predict based on 24 hours %. but it is risky, just go through once last one month price chart you will get to know how the price fluctuated. At present day trading is a very risky job. Last one month day I think most of the day traders are in loss.

star19

full member

Activity: 196

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Actually Trading is follow – and + percentage if someone do with day trading. This – and + % show only for one day calculation if you follow this calculation you must follow it in a day . At first you write down in this morning Percentage and couple of hour later you again see and note down how many Percentage then you can start your day trading.

GreatOrchid

legendary

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Quote from: Radius111 on January 26, 2018, 07:22:35 AM

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

No, because you are not 100% sure if that coin is going to recover in the next 24 hours, maybe you think that those prices are a good signal to buy, but they are not.

And that % is the change in the last 24 hours.

Just buy those who have the most volume, because they can give you a lot of succesfull orders of 1% - 2% easily.

Zocadas

hero member

Activity: 909

Merit: 508

Quote from: Radius111 on January 26, 2018, 07:22:35 AM

Hello,

I kwow it is profitable to buy when the price is low and sell when the price is high.
What I see in the currency exchange I am trading on are 24 hr percentages.
Sometimes the percentages show a 'minus' -, and sometimes they show a 'plus' +.

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

Thanks

No, it is not a good idea, because exchangers generally only show the movement changes of the last 24 hours. You should use also an app like blockfolio or visit coinmarketcap.com to see at least the last three months. As I was new to day trading, I trapped into those + and - percentages with quite big loss, because I baught the cryptos on the highest points, compared to the last 7 days.

Radius111

newbie

Activity: 28

Merit: 4

Quote from: pawanjain on January 26, 2018, 12:57:43 PM

You are doing it all wrong mate. You should never be trading looking at the %. You can look at it for references and analyzes but never make your trades in terms of % because it keeps on changing from time to time. For example a coin has $2 price and is a -5%. After some time the coin might be at $1.8 but the % is +2 . This does happen as the price of a coin and its % value keeps changing. How do you think the coin has -% even if it is at $100. Wouldn't it have been +% when it have raised from $50 to $100.
It might sound complicated right now but things will get simple as you make your journey towards the trading. Do read the basics and watch beginners trading videos from youtube.

Thanks,

I can imagine that it goes like that, especially on long term trading.
Do you think it will work when I day trade and check regularly?

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: Radius111 on January 26, 2018, 07:22:35 AM

Hello,

I kwow it is profitable to buy when the price is low and sell when the price is high.
What I see in the currency exchange I am trading on are 24 hr percentages.
Sometimes the percentages show a 'minus' -, and sometimes they show a 'plus' +.

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

Thanks

Making it in Cryptocurrencies market is not a confusing things but view and analyze the market with free and wise mind. I think you understand the market in a very little way and buying low and selling high is the right way to trade this market and not the other way. I will advise to actually buy any assets that has fall -25 and sell them when there are in positive +15 within 24 hours. You can also buy and sell them for long term purpose.

Radius111

newbie

Activity: 28

Merit: 4

Quote from: 1NV3ST0NM3 on January 26, 2018, 12:43:26 PM

NO NO NO. A big no for it. I will just give you an example about it. This was a coin I don't exactly remember the name. This coin got listed on Binace which was its first exchange. Surprisingly the price of the first trade went in to be .0001 BTC which was around 10 times the ICO price. Just after an hour or two price came down to 0.00002 BTC. Now the very next day when you will look at 24h change it showed a downfall of around 70% because price was 0.00003 BTC lets say you bought some coins and after few hours the price went to 0.000022 BTC but the coin will show a +10% because the price before 24 hours was now 0.00002 . You will sell all coins thinking you are in profit but you have faced a terrible loss.

Thanks for you reply. I am trying to get the picture but I might be missing something here.
I just looked in the exchange and I am talking about the 24hr change of a coin.

So if I understand correctly what you are trying to say:

24h change:
+6% at 8pm, so that makes the actual price 6% higher than the price was on yesterday 8pm?

If this is what you are trying to say I have to disagree because the whole morging it stays in -%.

If not, please enlighten me.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

You are doing it all wrong mate. You should never be trading looking at the %. You can look at it for references and analyzes but never make your trades in terms of % because it keeps on changing from time to time. For example a coin has $2 price and is a -5%. After some time the coin might be at $1.8 but the % is +2 . This does happen as the price of a coin and its % value keeps changing. How do you think the coin has -% even if it is at $100. Wouldn't it have been +% when it have raised from $50 to $100.
It might sound complicated right now but things will get simple as you make your journey towards the trading. Do read the basics and watch beginners trading videos from youtube.

FrueGreads

legendary

Activity: 1582

Merit: 1059

I'm afraid it's not that simple. If it was, then trading was incredibly easy and I'm sure it's not. You have a very good example on how that would not work, and that is bitconnect. Once they finally proved themselves as a scam project and close their platform, leaving just the coin, their price went from $240 to $30. You would have a huge red number there, but there was not point in chasing it, because it would only give you more losses (it is now $11, and will definitely drop more, because it was a scam and has no value). This might be an extreme example, but you can't choose to buy a coin because it's falling, since it could fall even further.

1NV3ST0NM3

full member

Activity: 420

Merit: 110

NO NO NO. A big no for it. I will just give you an example about it. This was a coin I don't exactly remember the name. This coin got listed on Binace which was its first exchange. Surprisingly the price of the first trade went in to be .0001 BTC which was around 10 times the ICO price. Just after an hour or two price came down to 0.00002 BTC. Now the very next day when you will look at 24h change it showed a downfall of around 70% because price was 0.00003 BTC lets say you bought some coins and after few hours the price went to 0.000022 BTC but the coin will show a +10% because the price before 24 hours was now 0.00002 . You will sell all coins thinking you are in profit but you have faced a terrible loss.

Radius111

newbie

Activity: 28

Merit: 4

Hey you all.
Thanks for all your input. Indeed it is the (I guess) 24 hour timeframe which moves very slow from -15 to +4. The time it needs travel this numbers takes 1/2 day.

When I take the % in comparison between Exchange and CMC there is a difference.
Difficult to trust statistics given by any party when the value differs.
Q1: Do you guys see this difference as well, is it because the % numbers in the exchanges are showing buying and selling statistics only from traders from among the Exchange-users in stead of from the Global tradingmarket?

Coming back to my original question. I am very recently onto a coin that changes everyday from morning to evening from -% to +%.
That's why I wanted to know,
Can the result of this upward change for sure have an impact on the profits going up when I buy in morning and sell in the evening?
As far as my research goes until now I have it seen only gone upward in this trend, also in profits.

I think this might be a way to make more wins than losses if you follow the downward and upward trend current. How likely is it for history to repeat its trend and what has an impact in this trend?
What do you guys think?

SrEasts

member

Activity: 112

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Aida Service

To trade cryptocurrency first you need to know about technical analysis. Technical analysis is a trading tool employed to evaluate and attempt to forecast the future movement of the market by analyzing statistics gathered from trading activity, such as price movement and volume. You can use several indicators like RSI, MACD, MA etc to help you with this. I recommend that you watch videos on youtube and read about it, that's the only way that you have to make some profit trading, otherwise you're gonna end up losing all your money. goodluck!

Stedsm

legendary

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Merit: 1273

Quote from: Radius111 on January 26, 2018, 07:22:35 AM

Hello,

I kwow it is profitable to buy when the price is low and sell when the price is high.
What I see in the currency exchange I am trading on are 24 hr percentages.
Sometimes the percentages show a 'minus' -, and sometimes they show a 'plus' +.

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

Thanks

I don't know exactly where I saw this statement, but it says that: You should have the courage to buy at -90% if you expect a 1000% profit in return from something. But I believe that taking wise decisions is much more important than listening to our gut feeling when we trade, as trading should not be based on emotions but practicality. Try to check why it fell down and if you see a reason as well as find that the value is the least it could fall, then buy. And if it's a dump, never get in. It's easy to know because if you see a sudden price boom, then you should not go in even if you know that it may give you something possibly huge because once it starts falling, it doesn't see who is making what.

tomahawk9

hero member

Activity: 2086

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Cats on Mars

'- and + percentage' is pretty much Trading 101.

You can trade using the percentages, but the question is, will you be able to keep up with the market? you're taking a big risk if you trade only based on percentages. In order to make profits you need to be able to understand and analyze the big picture moves in the market, at the end of the day, you might fall for a dead cat bounce or a bull trap, and next thing you know, you're losing money. Remember that your main goal when trading is to try to get synchronized with the market movements, that way you'll be able to jump in at the perfect time.

Some people spend hours a day trying to maximize profits and prevent losses by reading the charts/market in depth. Since you're a newbie, I don't recommend you to do this, but what I do recommend is that you make some research about trading, it'll help you understand a few basics before you start trading.

TeamUp

member

Activity: 70

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Quote from: Radius111 on January 26, 2018, 07:22:35 AM

Hello,

I kwow it is profitable to buy when the price is low and sell when the price is high.
What I see in the currency exchange I am trading on are 24 hr percentages.
Sometimes the percentages show a 'minus' -, and sometimes they show a 'plus' +.

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

Thanks

Its a good idea to buy when the price percentage is negative but NOT the idea that you have that when you buy at -5% then sell it at +5%, you will gonna stock in that coins for a long time. The percentage shown in exchange is not what you think it is, so better study the candle stick and make youre own calculation base on the candle stick.

mai2mai

member

Activity: 350

Merit: 12

Quote from: Radius111 on January 26, 2018, 07:22:35 AM

Hello,

I kwow it is profitable to buy when the price is low and sell when the price is high.
What I see in the currency exchange I am trading on are 24 hr percentages.
Sometimes the percentages show a 'minus' -, and sometimes they show a 'plus' +.

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

Thanks

This persentage on the exchanges shows 24h price moving, so if you don't analyze the whole chart, you can buy at very high price. First you shuld see the whole picture to understand where is the real deep low, and then yes, I can think this method may work. But if it was so simple everyone would be a trader I think))) Read books, follow news about crypto - it helps a lot to understand the market moves.

Tynovten_

full member

Activity: 420

Merit: 101

I agree with your opinion but why are you so pessimist in striving to presest the profit I always compare - 10% san + 20 (25)% and you should be consistent on your decision. don't let greed disturb you because it would be very damage.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Radius111 on January 26, 2018, 07:22:35 AM

Hello,

I kwow it is profitable to buy when the price is low and sell when the price is high.
What I see in the currency exchange I am trading on are 24 hr percentages.
Sometimes the percentages show a 'minus' -, and sometimes they show a 'plus' +.

Is it a goog idea (when you think in terms of profit) to buy a coin when the percentage shows for example -5% and then sell when the percentage shows +5%?

Thanks

You are just simply doing buy low sell high method which seeing on percentage visuals is just like the same on seeing current or recent high and lows of prices of a certain coin but well its your own preference if you decide to use that thing on your trading habits if you are comfortable with that style then so be it.As long you are making money with that then there would be no problem. 10% per day would be sufficient for me but depending on how big is your capital.

BitcoinHodler

hero member

Activity: 1456

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HODLing is an art, not just a word...

yes but the real question is, at what percentage?

what you are asking here is basically how anybody has ever made a trade. you buy at some price, sometimes when there is a dip (-%) and then wait around a little and sell when it went back up (+%).

but every time someone talks about it, they neglect mentioning the most important step, the first step. and that is to analyze the market and see what those numbers should be. and then to speculate whether it is going up or not at all.

if you fail to find the bottom and buy too soon you will lose money. also if you fail to find the recovery and buy too soon your money will be locked in an altcoin which doesn't move at all while others are getting pumped to the moon.

CityHunter99

newbie

Activity: 58

Merit: 0

What percentage of you are saying is on the floor or on Coinmarketcap? If it is CMC, it can fluctuate compared to yesterday but in fact you can still lose or profit so please look carefully and do not pay attention to increase or decrease% Wink

Topic: Trading with - and + percentage (%) (Read 128 times)