well so far the market is very volatile, i try to take advantage of down / up the price but it's a bit difficult, not as imagined, so if you ask for advice on others, i think it is not very helpful as you have to do it yourself.
now the market is down, will you try to come in?
Topic: When to get in and get out in Bear/Bull Markets - page 7. (Read 1374 times)
Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
When it comes to learning, for finding your way to the forum, you have made a great progress the next is to discern what to read and when to act. The market is one place that humbles the wise that when it seems all is going on fine according to your plan, you are taken aback overnight. The best time to enter the market is when things are down like we have now while the time to exit is when you have made decent profit rather than maximum profit which a lot people always wait for only to be caught up in another round of volatility of the market.However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
Getting out and Getting in would always been a challenge but if you are a kind of trader which do have faced many kind of situation then you might able to figure it out by yourself but this would really requires time.
The concepts of Accumulation, ATH where can I learn more about those?I am so bad at reading those graphs and the internet is just overwhelmed with so much of information I am a bit clueless as to where to look and what to look for! Thanks so much
If you are looking for that, you can know or see a coin's ATH (All Time High) in cmc (Cryptocurrency Market Capitalization). You check on the history when you scroll down. https://coinmarketcap.com
To have this ability i think we need in this market for a long time, it's called experience. I try to use Technical Analysis sometime and combine with news, but this market is really unpredictable. Just experiences will help you.
I agree with you. this market is unpredictable. The techniques you will learn, will only increase your chances of earning money. but not too much
Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
I'm still learning in crypto trade, I can only suggest that you really need a source of information, because good or bad news is very effective in moving the value of a cryptocurrency, a simple example when there is a coin into a large exchanger automatic volume will increase and the value will rise, or if there is any news about crypto that cooperate with famous person. However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
When it comes to learning, for finding your way to the forum, you have made a great progress the next is to discern what to read and when to act. The market is one place that humbles the wise that when it seems all is going on fine according to your plan, you are taken aback overnight. The best time to enter the market is when things are down like we have now while the time to exit is when you have made decent profit rather than maximum profit which a lot people always wait for only to be caught up in another round of volatility of the market. However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
As you noticed that selling at high point is always good thing because gradually we always have opportunity to buy them again at the low rates. For example the current situation where one could just buy more bitcoin now and thus regain the profits over the time. This is how it works in the crypto currency world. We always have to be very keen about the crypto ups and downs as they do make us good amount of the fortune.
I would always say that buying the crypto at low and selling at high and again repeating the procedure can bring the wealth that we always wanted.
I would always say that buying the crypto at low and selling at high and again repeating the procedure can bring the wealth that we always wanted.
To have this ability i think we need in this market for a long time, it's called experience. I try to use Technical Analysis sometime and combine with news, but this market is really unpredictable. Just experiences will help you.
I agree with you. this market is unpredictable. The techniques you will learn, will only increase your chances of earning money. but not too much
To have this ability i think we need in this market for a long time, it's called experience. I try to use Technical Analysis sometime and combine with news, but this market is really unpredictable. Just experiences will help you.
The concepts of Accumulation, ATH where can I learn more about those?I am so bad at reading those graphs and the internet is just overwhelmed with so much of information I am a bit clueless as to where to look and what to look for! Thanks so much
Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
You can get in the bearish market when the altcoins are in the accumulation some for a very long time and you can get out from a bullish market when altcoins make a new ATH (All time hire). However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
Yes you do have a point and I understand technical analysis is not the only tool to be used but definitely worth learning right? Plus I really don"t intend to do it as a day trader, to be honest I am trying to capitalize on the next major bull run like what we saw in Dec 2017 and I was thinking learning a bit of TA wouldn't hurt too much. On a day to day basis what you mentioned holds absolutely true, its more of a guessing game and the potential of me left with nothing is very high indeed. :-)
Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
So you are basically mentioning about Technical analysis which being used on short tradings. This might be easy to see from other traders but yet the hardest thing to do when we do make trades. Entering on lower price and selling at peak would be just like a guessing game since not all price movements are correlated or precisely predicted by those indicators which means decision making would really be crucial in this matter. However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
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