I see a lot of people talking about when to sell; but I think that buying is as important if not more (obviously you buy* low -_-). so do you guys aim to buy the lowest low of the day/week/month/... and do you think that is riskier and/or hard to predict. do you wait for price reversals? do you follow expert advice?? please share your thoughts and your stories (successful or otherwise
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A lot of people just stick on the old strategy, buy low and sell high. I think that thi is the best strategy if you want to earn money. I was able to earn hundreds of dollars when I sold my bitcoin before it fell down when it reached 7800 dollars a few weeks back and bought bitcoin when it dropped to 5800.
Definitely, but one should always understand how these lows and highs work sometimes. Almost every coin has a pattern which should be understood very well to be able to make some decisions. Bitcoin does to, and one should understand corrections, the low buying and the right point to always sell to make profit and even buy back for more profit later on.
It's all about the mind. You don't necessarily need to stand against the tide. You can just use your own strategies on when to buy and when to sell. If you really think that your strategy is working and efficient. Then stick to it.
Once you have a very good strategy, you cannot make any huge mistakes per se and even if there is a mistake in your decisions which are totally bound to happen even with pro traders, but what makes it different is knowing when to get out and not gamble a situation, and knowing when it is right to get in back. Those are where strategies come to play.
