what you should do crisis time in trading ? - page 15.

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: 007 SHIELD 007 on March 13, 2018, 03:37:19 PM

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

If you have back up fund, enter the market and buy potential coins at low price, make sure the price already have second top bottom. If you don't have just let it go and do something worth, such as find another way to make money on line ( alternative ), vacation or get a date. Actually you can do anything as long you can accept condition and keep patience. Have a nice try.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: 007 SHIELD 007 on March 13, 2018, 03:37:19 PM

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

We have been preaching that at this current situation that we are in, the best thing to do is jut hold on your coins and do not do anything something stupid like offloading your coins and take the lost. Yes I have to agree that we are in a crisis as the price keeps going on a downward spiral. However, this is just a test for all of us. And this is not the first time that we have been seeing this kind of price movement. My advise is that you shouldn't be too emotional and just think of getting out because the price is sinking. You need to have that kind of resilience and confidence that at the end everything will be fine and that we will be successful eventually. You should also look at the long term. Like 6 months to 1 year down the line. Last year alone we started < $1000 and ended up almost $20000. So think about that. If you keeps on selling every time there is a dip then crypto is not for you. You need to have a nerve of steel and mental toughness here, otherwise you and your money will not grow. IMHO.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: btcformula on March 13, 2018, 10:57:07 PM

we can't do nothing except wait & watch. Always keep some fund for this crisis time. Because crisis time is the best time to buy some good coin at lower price.

Yeah, its either we hold on it or increase your holdings by buying at a lower price. Dumping market can be a good opportunity for everyone if you know how to ride on it, and or course the risk are there. If you don't have any idea on what to do, better to be more patient and just hold.

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Quote from: 007 SHIELD 007 on March 13, 2018, 03:37:19 PM

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

I know one simple technique just logout and turn off the internet for 3 months. It is the great idea definitely your investment is raising. But only you few peoples are realize my thoughts so you should hold for long term or exchange some other coins these two possibilities are protect your investment. Because many peoples are panic in current situation but I am not suggest to trading for anyone.

jamids

sr. member

Activity: 616

Merit: 252

Quote from: 007 SHIELD 007 on March 13, 2018, 03:37:19 PM

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

People are just so hype up last year that they are not just used to seeing the price stall this long and then when they get excited that it is finally going up, suddenly it would fall and makes it frustrating. Well it is an undeniable fact that there are many people who manipulate the market so for us small fishes in the sea, we just have to wait and have patience because time will come when there is a bull run again. There is just so sudden increase in the price last year that it needs to correct and this market correction is expected but then too many just don't have patience. If you can't take it anymore then just sell and leave this space otherwise hodl.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: btcformula on March 13, 2018, 10:57:07 PM

we can't do nothing except wait & watch. Always keep some fund for this crisis time. Because crisis time is the best time to buy some good coin at lower price.

Yes, that's why experts always say that one shouldn't invest all their money in any single product because if that market goes down then all their money will be stuck. So you need to learn to diversify your funds properly to manage these kinds of situations. I didn't invest all my money in crypto so I can wait for couple years also without any issue but will not sell at a loss any of my coins.

btcformula

full member

Activity: 378

Merit: 101

we can't do nothing except wait & watch. Always keep some fund for this crisis time. Because crisis time is the best time to buy some good coin at lower price.

Swinging Phallus

full member

Activity: 266

Merit: 103

Quote from: Sinecoin on March 13, 2018, 07:50:06 PM

My philosophy when it comes to investing is to only put as much money up as i am conformable loosing so when downtrends like the one were currently in show up i dont feel obligated to sell. Also, I tend to hold and not sell even if im down a lot because i know if i sell ill regret it a few months later when the prices recover. When ethereum went from 300 to 132 i was down 50% on my investment and i still held even though it was my first investment.

Round of applause to you sir. Exactly my opinion, If you are getting emotional about your investment than you KNOW you made a mistake with the amount you invested. Crypto shouldn't be a savings account, but that's what most people treat it as.

faithupgrade

sr. member

Activity: 475

Merit: 253

ARCS - A New World Token

Before I was too addicted with trading. I thought If I have a BTC, I should always trade it with alts to earn profit. I was wrong. The solution is DO NOT TRADE if Bitcoin chart is not okay. Do not risk your BTC just for the sake of making a trade. Not every trade will give you profit. At the end you will lose a lot. Ok, try it, if you have BTC now, and trade it to alts, expect your profit to collapsed.
Just HOLD. Wait for the right time when alt correction is done so you can buy alts.

Quote from: 007 SHIELD 007 on March 13, 2018, 03:37:19 PM

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

apityeh71

member

Activity: 476

Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

You should management efisienly the times for trading, lets say we can only spend 1 to 2 hours aday so for the better we do long term trading so this trading activity not disturb other job. Keep patient to get better price when buying and selling is key of success in trading.

Captain Corporate

hero member

Activity: 2086

Merit: 575

"I" don't consider anything. I usually play pubg and eat unhealthy food.

Gunbot however has 36 different strategies where it decides when it is great to buy and when its great to sell depending on the strategy you select. Even if it drops further, it can buy more and more until it recovers it.

While I sit back and enjoy a cool one.

Sinecoin

hero member

Activity: 742

Merit: 500

Quote from: Captain Corporate on March 13, 2018, 08:32:38 PM

I use gunbot, since it is a "bot" that has no emotions, it just sees these crisis times and goes "wooow cheap coins" and buys, and even if it gets lower it will buy even more to even the avarages.

Without the "human" element, trading during these times is quite profitable potentially.

Do you only buy during massive drops or do you also have long term investments? also at what point do you do consider coins to be cheap? is it after a big drop from the current market price or is it when its down a certain percent for the month or a specified time period?

Captain Corporate

hero member

Activity: 2086

Merit: 575

I use gunbot, since it is a "bot" that has no emotions, it just sees these crisis times and goes "wooow cheap coins" and buys, and even if it gets lower it will buy even more to even the avarages.

Without the "human" element, trading during these times is quite profitable potentially.

Welhell

newbie

Activity: 154

Merit: 0

In this case you should be calmer and control your emotions. You should think about how you can turn the loss to profit for this situation, at that moment you should choose the right decision.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: 007 SHIELD 007 on March 13, 2018, 03:37:19 PM

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

You cannot do anything about the market, you must know how to ride it. First set your target price and cut loss price by this you will not be on panic when the market is dumping. Hold when the market dumps so hard, and don't panic because it will be back to normal after weeks.

Sinecoin

hero member

Activity: 742

Merit: 500

My philosophy when it comes to investing is to only put as much money up as i am conformable loosing so when downtrends like the one were currently in show up i dont feel obligated to sell. Also, I tend to hold and not sell even if im down a lot because i know if i sell ill regret it a few months later when the prices recover. When ethereum went from 300 to 132 i was down 50% on my investment and i still held even though it was my first investment.

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: 007 SHIELD 007 on March 13, 2018, 03:37:19 PM

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

I always have a budget to do something, for example I spend 50% money from my total wealth to do Trading and the rest I use to keep and I keep in BANK. I think it is a safe thing because when we experience losses when trading then we still have a reserve of money. At times like this are many people who constantly spend their money even all the money when they feel Trading can bring profits. Yet not always our decision will succeed, sometimes we experience losses that are beyond prediction. Well because it is a money reserve to be a good thing to provide comfort in financial management. We can not always hope for a good future because there will always be a Trial of life present.

Tactical Genius

full member

Activity: 434

Merit: 102

Leading Cryptocurrency and Blockchain Company

Have faith,avoid peeping at your portfolio every second,understand that such times are inevitable and so are part of business or investments. Try to stay focused on what you like doing best,read and monitor the news for possible reasons why markets are down and I'm sure you will be fine.

OuterTech

full member

Activity: 294

Merit: 100

Tokenize Fantasy Sports

Nothing better than holding at that time. LOL. Crisis time is the worst time to trade if you don't have enough knowledge and experience in trading but with other professional traders, it's the best time for them to collect good coin with lower price than usual. I'm also holding all my crypto and wait until the end of this year when the whole market painted in green and everycoin also rise to new ATH price.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: 007 SHIELD 007 on March 13, 2018, 03:37:19 PM

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

You cant get out when you face this in very first time but later on your experience would tell you something which actions should be made on once you experience or face it again.This is the best teacher which yourself realization would be the one who will decide on what action should be done.Most of us when we are still newbie would commit mistakes which is normal.Handling crisis would never be easy.

Topic: what you should do crisis time in trading ? - page 15. (Read 2291 times)