What will you do when the market goes down? This is my advice - page 7.

Rebisco

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

Stop loss is really a good strategy but it is hard to apply because we are not sure if the dip will continue or not. Most of us are not winning in trading because we set high targets due to our high expectations. It is true that we should really set small targets for us to not waste the opportunities to earn profit.

Oceat

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Quote from: Adriano2010 on January 10, 2019, 05:36:16 PM

You have a good theory but sometimes is a bit hard to choose some stable coins, as no one can guarantee 100% that a coin will be stable when the crypto market goes down. Anyway i will still get as much bitcoin as i can when the price is low and i try sell high.

At least pick the closest one that almost reaches to 100%, I know it's hard to find a stable one but the closer you find a good one is worth trying for. Anyway, Bitcoin is still a great choice if you tend to hold it for now due to the bearish market. And since the market is a little unstable due to the fast changing of the price.

randythered

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Quote from: milewilda on January 10, 2019, 01:24:13 PM

Quote from: randythered on January 10, 2019, 12:56:24 PM

Easier said than done. It's hard to predict such small movements as we're seeing at the moment. It is a good strategy but you have to be calculated and strict about your decisions. If you aim to make 5% then take 5% and always have a point where you'll stop your trade and take a loss if the price is moving against you.

Usually stoplosses would have the ratio of 2:1 but still depending on your risk management on how much you would totally risk up for a possible profit target.Its true that these things are easy to advice when you do know on what you are doing compared to other traders which it is really very very hard to be done. Even pro's do still struggle on how this market moves.Basing on OP, he do active trades with minimal percentage targets. Going for shorts on time spans isnt bad compared on swing or long term.

A 2:1 ratio seems about right to me too. But it always depends on what the market is like that you are trading in. But too many people get caught up in emotions and fail to cut their losses. Either by selling a bad investment as it goes down or by buying back in on a pump. We're only human and we have to be willing to accept that sometimes we'll get it wrong through no fault of our own.

Nahl

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My friends told to me too that our profit target should not be high which mean profit less than 10% is good and they also told to me if the price of Eth or bitcoin gradually dropped then sold all of my digital asset to stable coin will avoid deep loss and honestly i have not try it before but it does cross to my mind to try it but i still don't dare to do so

ongkok87

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if I'm alone when the market is down, all I have to do is keep holding and buying lots of high coins to hold until the market has gone up again, because with that we can get the desired profit

apityeh71

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Yes I did this mistake many times in trading, I also hope the price will be going up again after the price crash but finally the price keep down and down, and now I loss too much money and I don't know when I can recover that loss. I should always use stop loss and trailing stop to lock the profit and avoid big loss.

peter0425

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I really thought that I can see a good advise, but just the usual stuff here. Stop - loss, hedging against Tether if the coins go down. This is just the basic of trading, but for noobs this might be a eye opener, but for the majority of casual traders, I'm sure that they are using this strategy quite a lot.

St4yInTh3D4rk

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

Sell all ETH, BTC into Stable Coin when the market goes down

What happens if the price of stable coins also fell,you can see that coin like tether also lost its value because of bear market.I don't support trading for the people who want to save losses,if they want they can do conversion from btc and eth into USDT but not in regular terms which can causes the people to lose all their money if they don't know what they are doing.

harleymasters

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What you say is actually quite difficult to implement because we can only identify a downtrend clearly in a period of 2-3 months. It is advisable to sell all ETH and BTC quantities when the market is down. Trading with a profit of 3-5% is sometimes not enough for a trader 's greed, so we often lose ourselves to bigger profits. Knowing that playing by principle can help us get a more regular return. But For me to master my emotions is quite difficult

Finestream

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Quote from: rodel caling on January 10, 2019, 05:48:32 PM

Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

Bright strategy and tactic ideas, in a reality that's is difficult 10 percent of loses is huge amount then when you include the transaction fees another cut loss from the investment.
But of course we need to accept all this risk in trading it's because risk is part of the risk investment if they want to earn we need to gamble.

In this bear market,trading would likely to become gambling especially if in the middle of your trading,the price suddenly changes.For me,with this bear market i do not expect huge profits after trading.Once i see a little increase i still do trading and still end up a little profit.It's still good to hear that inspite of this bear market,we can still manage to make even small profits.

rodel caling

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

Bright strategy and tactic ideas, in a reality that's is difficult 10 percent of loses is huge amount then when you include the transaction fees another cut loss from the investment.
But of course we need to accept all this risk in trading it's because risk is part of the risk investment if they want to earn we need to gamble.

Adriano2010

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You have a good theory but sometimes is a bit hard to choose some stable coins, as no one can guarantee 100% that a coin will be stable when the crypto market goes down. Anyway i will still get as much bitcoin as i can when the price is low and i try sell high.

pabpete

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

Everything you wrote is about cut losses. Of course, escaping with capital to a stable coin is a solution, but not in every situation.
I think that in situation that happened today (with price drops), such an escape to stable coin is not the best way out of the situation, because at any moment the price can jump up very hard, and if we stay with the capitalis in the stable coin, we lose the opportunity to recover losses.

adzino

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

Yeah, you can cut your losses this way, but do you really think that it is this easy to execute this strategy? What if instead of the price falling down after you sell, the price started to rise? You will be making loss anyways.
And when will be the right time to buy it back? The price might once again start falling after you buy back.

BitHodler

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Quote from: ShadowBits on January 10, 2019, 03:46:45 PM

Easy to say but a hard thing to do especially for all the people that is new to trading and doesn't even know what they are doing. But I guess there would always be a time that they could learn it.

It's extremely hard to do for people, because how OP makes it look like a potentially lucrative way of dealing with a bear market, it could just as easily backfire and make you badly regret your decision to sell.

I don't see why people constantly look for ways to do something when prices go down. Either do nothing, which you can be sure of that you won't lose anything other than virtual value, or buy the market down whenever you can.

If you time your entry points correctly, buying the market down also means decreasing your overall buying price. In other words, you will be in the profits much sooner when we have finally bottomed out....

Thanasis

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

This is called day trading but still there is no assurance that we can make profits unless the prices moves ups and down while falling for longer period.I don't suggest this to anyone other than who knows the risk behind day trading and have actual time for doing it.

ShadowBits

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

Easy to say but a hard thing to do especially for all the people that is new to trading and doesn't even know what they are doing. But I guess there would always be a time that they could learn it.

harizen

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that.

Not all the time. Still depend on the price flow and certain "trend".

Quote from: tranthiky on January 10, 2019, 12:00:01 PM

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

"IF YOU SEE" - still a wild guess so definitely not an advice.

A common and simple approach but at most of the cases, people can't just applied that way because not all the time a same scenario will happen. It's depend on how far a trader will hold their stand on that certain level. You can't just say "stop loss" etc. because sometimes the one that will happen is the other way around.

Generally, you just stated that easily because you already see what happened in the bearish trend. What if a trader is in the middle of 2017 hype. Will they just gave up their stand just quickly to care for the purpose of buying more at lower levels? People will say yes because they already know what happened in 2018 but if a bull run will happen today, there will be lots of things to be consider before a trader can complete a strategy.

arpon11

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Quote from: tranthiky on January 10, 2019, 12:00:01 PM

I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell all ETH, BTC into Stable Coin when the market goes down

Of a truth I regret not being able to sell my ethereum and bitcoin when the were both at $10,000 and $8000 respectedly but keep holding up till now. Though one can not really tell when this market recover and get pump but we can actually reduce our loses by cutting it at the right time. I spoke with a friend today that has been hedging his bitcoin to usdt and he told me that last year is the best year for him and he has made serious money from the market in 2018 more than any other years because of the secret he is using.

milewilda

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Quote from: randythered on January 10, 2019, 12:56:24 PM

Easier said than done. It's hard to predict such small movements as we're seeing at the moment. It is a good strategy but you have to be calculated and strict about your decisions. If you aim to make 5% then take 5% and always have a point where you'll stop your trade and take a loss if the price is moving against you.

Usually stoplosses would have the ratio of 2:1 but still depending on your risk management on how much you would totally risk up for a possible profit target.Its true that these things are easy to advice when you do know on what you are doing compared to other traders which it is really very very hard to be done. Even pro's do still struggle on how this market moves.Basing on OP, he do active trades with minimal percentage targets. Going for shorts on time spans isnt bad compared on swing or long term.

Topic: What will you do when the market goes down? This is my advice - page 7. (Read 817 times)