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cheezcarls

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Quote from: GorillaGen3 on November 25, 2021, 04:28:49 PM

Since im in the crypto, i've seen that almost every week there is some opurtunity to trade but im afraid to do it.

Can someone open my eyes how to look for the best moment in the week.

Big THANKS.

I know how it feels to be afraid in taking risks despite that there are some opportunities along the way. There are no “best moments” every week because no one cannot predict or control the market. In other words, the movement of the cryptocurrency market is unpredictable and can go up or down without warning.

Here’s the thing. Start small first. Think of an amount that you can afford losing no matter what happens in the market. Coz’ if you keep that mentality every week by being afraid, you will stay afraid for a very long time. Time to get out of your comfort zone, throw that fear away, and try at least small amounts to trade first.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: swogerino on November 27, 2021, 05:25:55 AM

You just had a 8% "discount" yesterday for Black Friday with Bitcoin going from 59.xxx dollars to just 54.000 dollars and for me this was a good opportunity to buy.I do not do trading as I prefer to generate my income through my mining rigs but if I were to be a trader like you want to be I would definitely bought some amount of Bitcoin yesterday which for me was the biggest dip of November.

Yesterday's price dump in the early morning is still correcting today. I would consider that to be a nice black friday continued discount to bitcoin indeed.

If OP is still thinking about buying, these are good points to enter - 45k and 40k and anything below that. Dont take this as financial advice though, do it on paper and see how it goes and when it crosses these points again.

This was probably the first dip that happened this month and possibly many more to come. Some group probably bailed hard and the effect was a lot of panic. These are brownie points for traders, if they have assets at hand they should buy and hold at that point.

ItsCrafty

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There are most of the coin in which you can invest and get a huge profit, but it also depends upon your own portfolio that how much and where you are investing in that specific coin, not all the coins can give you profit but there are some that will definitely take care. So, buy one of them when the market is good and get a good profit.

Ararbermas

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Quote from: GorillaGen3 on November 25, 2021, 04:28:49 PM

Since im in the crypto, i've seen that almost every week there is some opurtunity to trade but im afraid to do it.

Can someone open my eyes how to look for the best moment in the week.

Big THANKS.

what platform you're using? By the way I'm using binance and everyday i always check which coin is gainer within the platform because on that way i can easily pick a good coin to trade since most them has a good structure of trend and later on technical analysis.. I suggest mate never trade against the trend because it's not safe.. Make sure you're trading long for uptrend and make shorting on downtrend as well.. Just don't be afraid and follow your strategy if you're still not confident enough with your skills , just keep practicing and don't rush your situation. Wink

so98nn

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It’s very confusing in the crypto many times to trade or select a proper portfolio. Whether it is short term or whether it is long term in anyways you have to take a few breath and admit yourself that proper selection is the step towards perfect trade.

You are true that there are many coins every day or every week which will go off the chart but let’s not forget that sometime they are also manipulated by group of whales to attract the new investors.

I wouldn’t call it flip straight away but it’s more or less based on developments, intentional pumps, or may be just lucky flip. That’s why everyone suggest it’s better to invest in the coins which are usual one and way developed.

swogerino

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You just had a 8% "discount" yesterday for Black Friday with Bitcoin going from 59.xxx dollars to just 54.000 dollars and for me this was a good opportunity to buy.I do not do trading as I prefer to generate my income through my mining rigs but if I were to be a trader like you want to be I would definitely bought some amount of Bitcoin yesterday which for me was the biggest dip of November.

blockman

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Quote from: palle11 on November 26, 2021, 06:03:52 AM

Quote from: blockman on November 25, 2021, 04:34:20 PM

You look for a specific coin that you're eyeing. Look at the weekly charts and think if it's applicable to the likes of you for which you want to trade weekly.
It's simple that you buy at the dip if that's the dip that you think and the lowest price that it can for that week. And when it recovers, you get a profit if you're satisfied by that time.

All that OP's fear is about the strategy that is in use. If he has a strategy then he can practice on demo or reduce his risk appetite to see if what he is seeing as opportunities to enter for trade are actually opportunities like he see them as it shows practicing trade result. That is what he should do for he affirmed to see trade opportunities so he should check it up with his trading style. He can't be scared all his lifetime to lose whilst profiting is being taken by many traders. Although no time is late for trading, making correction on strategy and being a better trader but he also need to start something on that if he has passion for trading.

They're in fear because the market doesn't look good on them. But they don't look the whole point whenever a drop's coming. We have different ways of determining the market and we can avoid everything as much as we can when it's about the drops that we're seeing lately.
As someone who thinks of worrying, the start should always be with the amount that he can afford to lose and choose those cryptos that have been dropped a lot because usually, they're about to recover when the dip is done.

palle11

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Quote from: blockman on November 25, 2021, 04:34:20 PM

You look for a specific coin that you're eyeing. Look at the weekly charts and think if it's applicable to the likes of you for which you want to trade weekly.
It's simple that you buy at the dip if that's the dip that you think and the lowest price that it can for that week. And when it recovers, you get a profit if you're satisfied by that time.

All that OP's fear is about the strategy that is in use. If he has a strategy then he can practice on demo or reduce his risk appetite to see if what he is seeing as opportunities to enter for trade are actually opportunities like he see them as it shows practicing trade result. That is what he should do for he affirmed to see trade opportunities so he should check it up with his trading style. He can't be scared all his lifetime to lose whilst profiting is being taken by many traders. Although no time is late for trading, making correction on strategy and being a better trader but he also need to start something on that if he has passion for trading.

hugeblack

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Unfortunately these "opportunities" are always targeted by those who want to get rapid profit and defending them is greedy without a planning or logical cause.
Always green color indication of a lost opportunity or you must catch up with quickly because it quickly occurs corrections.
The real opportunity is when "good crypto" programming in red, especially if the red color represents a correction of 30% or more.

Otherwise you need to study and logical causes before investing.

BitcoinAccepted

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Quote from: GorillaGen3 on November 25, 2021, 04:28:49 PM

Since im in the crypto, i've seen that almost every week there is some opurtunity to trade but im afraid to do it.

Can someone open my eyes how to look for the best moment in the week.

Big THANKS.

We can't tell it to you since we are also not sure when it is we only based it through our own TA if you are afraid to do it then you're still not ready. If you are afraid to trade then you won't learn and you won't earn at all, just a quick tip try to test the market with small amount. The amount you are not afraid to lose.

michellee

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You do not have to be afraid to trade because that is something that you need to eliminate if you want to have experience in trading. Without the first step in trading, you will not feel that experience. It is normal if you are not making a profit at the beginning or your first time, but if you can still learn more from many lessons on how to trade better, I am sure the next trade will have a chance to make a profit.

I have that feeling for the first time and I am afraid to lose the money. But then I think and realize that is part of learning and I believe all traders will have this experience and if you can learn from that, you can improve yourself better, not just in trading but also in managing yourself and your money.

pooya87

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You are afraid for good reasons. What you are looking at in the cryptocurrency market and see as "opurtunity to trade" is market manipulation also known as altcoin pump and dumping. This is a very risky thing to get involved in even as an independent trader simply because as I said this is "market manipulation" and by nature it is unpredictable.

But this is a fast moving rocket nonetheless, it could be used in very quick trades where you take small or medium profit in a very short time while the shitcoin is pumping by getting in during early pumping stage and getting out as fast as you can when you reach a certain profit.
For example you see a shitcoin is starting to pump and has gone up 10% already with a significant volume. You jump on board and make 50% profit but dump it fast before it dumps on you. Even if the shitcoin pumps more to 200% you still have your 50% profit taken out and can be happy about it.

This resembles gambling (due to unpredictable nature of pump and dump) so I wouldn't recommend it. Stick to trading bitcoin, you'll have a better time since bitcoin is the only thing that isn't a pump and dump.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: GorillaGen3 on November 25, 2021, 04:28:49 PM

Can someone open my eyes how to look for the best moment in the week.

Nobody can say what can be the "best" moment but you can do your own research on what the buy/sell points can be. In fact if someone knew from beforehand when to buy and sell to make maximum profit, then the speculative market would not exist.

I suggest if you are a newbie, dont think about weekly flipping. It is easy for you to comment that every week there is a flip but when you are putting your own hard earned money in it, you will not see it similarly. Dont go for the short-term flip, unless you have prior experience from stocks or such markets.

Try paper trading too, you might get a better idea. Dont assume things in the market, or it will mess up your head and that is something that will destroy your attempt to trade. Check charts, set up buy/sell points and paper trade on that - see how much you assumed and how much ended up being profit.

mk4

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You just gotta suck it all up and actually go trade lol. It's just like starting a business or getting your first job — it could be very frightening at the beginning, but you can't get used to it unless you actually go in and try no?

Or if you're afraid in losing money, probably trade using virtual portfolios a.k.a. play money. eToro.com has such feature.

adaseb

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There is opportunities to trade pretty much every day. The only day I would avoid is perhaps holidays and Saturdays. However even those sometimes have volatility. So there are tons of ways to make money however you need to learn first how to trade if you want to put real money towards it.

My advice is open a TradingView account and trade demo. You got like $1,000,000 in paper money where you can practice your trading abilities and see how it will go. If you are successful then open a real life account with very little money and see if you can be profitable also.

blockman

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You look for a specific coin that you're eyeing. Look at the weekly charts and think if it's applicable to the likes of you for which you want to trade weekly.
It's simple that you buy at the dip if that's the dip that you think and the lowest price that it can for that week. And when it recovers, you get a profit if you're satisfied by that time.

GorillaGen3

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Since im in the crypto, i've seen that almost every week there is some opurtunity to trade but im afraid to do it.

Can someone open my eyes how to look for the best moment in the week.

Big THANKS.

Topic: Weekly FLIP (Read 107 times)