|
Title: Help in Trading Post by: worldtraveller321 on November 30, 2019, 01:04:59 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC
I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: Polar91 on November 30, 2019, 02:27:29 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Perhaps you pay more fee than the profit you gain from your trade. You could be also trading in a short period of time wherein the market movement doesn't volatile too much making you unprofitable for your each trade. If you want that to change, try to study more how does the trading works and look for trading pairs who suits to your skills and has a minimal risk at the same time.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: worldtraveller321 on November 30, 2019, 03:27:06 AM thanks
Title: Re: Help in Trading Post by: Wexnident on November 30, 2019, 03:52:52 AM You could also try going for local exchanges or private trading. A lot cheaper since transaction fees ain't that expensive. You should also probably brush up on daily trading techniques and mechanics since that is what basically you are doing right now. Find a pair that suits you, and well, see how it goes. That's pretty much how day trading works anyway.
Title: Re: Help in Trading Post by: GreatArkansas on November 30, 2019, 04:19:48 AM You should learn more about technical sides.
Like how those candlesticks move or learn also different chart patterns. Because as you said, you only buying and selling when you see green or red candlesticks, that's difficult. You should have your analysis and reason why buying/selling or opening a position on trading. Title: Re: Help in Trading Post by: Jating on November 30, 2019, 04:28:48 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? I think nothing is wrong with your strategy, but the problem is that it's just basic, and it's really hard to make profit that way. If I'm in your shoes, you should learn trading, what I mean is that you should buy when the price dip and then sell when the price goes up. Not like hedging it up on USD and unless you have huge capital to start, that kind of strategy won't work in the long run. Learn technical analysis, don't be afraid to go out of your comfort zone and slowly learn how to trade and earn a decent profit. Best of luck. Title: Re: Help in Trading Post by: Vispilio on November 30, 2019, 05:28:26 AM The default "risk adverse" human instinct is to take profits immediately as soon as they see small gains, and to let the losers run indefinitely
in the hopes that at some point the position might reverse... When you are just starting out in trading, you should focus training your discipline to adapt to counter intuitive techniques that are often necessitated by profitable trading systems, and become aware that in many cases you will need to go against "common sense" and mainstream human inclinations to gain an edge over the competition in order to become a profitable trader... Title: Re: Help in Trading Post by: nydiacaskey01 on November 30, 2019, 06:06:16 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC I dont see anything wrong with your strategy, I am also doing the same strategy with my BTC, to lock my profits when I see that price is going down, I convert to USD, then buy more when it hits the bottom. Maybe whats happening to you is you are not patient to wait for the price to go up again. I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: maydna on November 30, 2019, 06:32:03 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? In what price you bought bitcoin? If you buy bitcoin at a range $7,000-$7,320, I think now you are in profit, and you can sell it right now. But if you buy bitcoin at $7,700 or a price now, then I suggest you wait for a moment because bitcoin price now increases although not much. At this moment, you should be patient to wait for bitcoin price to jump to the higher rate so you can sell your bitcoin and make a profit. I am sure you will make a profit soon, please stay calm for a while and don't panic. Title: Re: Help in Trading Post by: MURONDI on November 30, 2019, 06:53:21 AM before trading you should first determine your goals whether you want to develop btc or usd, when viewed from your posts it seems your main goal is usd, then you need to accumulate from starting capital, trading costs, profit percentage, maybe what you don't understand is that in trading there is a price difference between buying and selling, When you sell BTC to USD, are you sure your selling price is higher than the purchase price.
Title: Re: Help in Trading Post by: adaseb on November 30, 2019, 07:03:20 AM The strategy that he is talking about is basically a perfect strategy on paper and impossible to perform in live trading. From what I understand he wants to buy BTC and if his position is positive he leaves the trade open, as soon as it goes negative he will close it to prevent losing money. So on paper, you can actually do this and never lose.
However in real life you got slippage, you got spread, you got trading fees. And price can trade back and forth in the same range for hours and what will you do? Get in and get out every few minutes? You would lose all your money on trading fees and the spread. Right now I wouldn't buy BTC. We are on the weekly in a down trend and we keep hitting new lows. When you see that we are making higher highs then that is when you should long. Which should happen if we close above $10400 on the weekly charts. Title: Re: Help in Trading Post by: Aaroenz0r on November 30, 2019, 07:07:53 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC A downtrend is a time when ordinary traders cannot seem to make any money. because the trend usually goes on for months and traders will easily get discouraged when seeing only red every day. so if you have better experience then you should try trading margin. A type of transaction that can make a lot of profits but also takes a lot.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Naturally, to get rich and to make a lot of money, you have to take risks. I earned 43.6% of the money I deposited into exchanges after 5 trading days. You should also use your knowledge to make money during the downtrend. Besides, you should play at Bitmex, Binance or Snapex. Those are reputable exchanges. Title: Re: Help in Trading Post by: Rodeo02 on November 30, 2019, 07:15:43 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Maybe you directly widraw the balance from exchange which is all of your profit only go for transaction fees of that exchange. If you really want to earn in short trade you should use stable coins such as USDT and do not widraw it directly also check the trading fees, in short trade you also need a large balance to earn enough maybe you only use small amount of money for trading.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: kro55 on November 30, 2019, 01:04:11 PM I m not a big fan of day trading or short term investment. You can find scores of stories in which people are at loss only.
If you want to be successful try to learn the hodling technique, you wont regret. Title: Re: Help in Trading Post by: naikturun on November 30, 2019, 04:06:29 PM Not wrong is just a market condition that is still bad, I also if the trading always use pairs USDT buy when red and sell when green, only in conditions like this you should pay attention to the market more often because it can climb down very Quickly in minutes.
Title: Re: Help in Trading Post by: Dart18 on November 30, 2019, 04:33:06 PM Try it backwards.
Gain more BTC than gaining more USD. That way you could see if you are really making profit. That is one problem when you are trading with a stable coin. Calculate it thoroughly by using a spreadsheet. With that you could remember how much you did really risk than just guessing it or trying to remember without notes. Title: Re: Help in Trading Post by: mersal on November 30, 2019, 05:43:10 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Try to convert your profits in a stable coin instead of converting it into fiat because when we convert crypto into fiat the fee will be insane compared to crypto to crypto transactions so again you need to pay the same high fee for converting it into btc so you may lose 2% of your total capital for every cycle this seems you are not making money yet.You also can use exchange's token to reduce the fee further.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: ReiMomo on November 30, 2019, 05:51:00 PM Diverting to stable coin from a volatile coin when the market is going down is a good decision to cut your losses or stop your lose if ever. You are right and nothing's wrong with that. You must know how tradings work and the perfect timing as well. It's unpredictable the market movement but if you know the right timing probably you can minimize your lose.
Title: Re: Help in Trading Post by: worldtraveller321 on November 30, 2019, 05:56:15 PM What would be good exchange to use. That has stable coins on it. For trading ? should i use Binance?
Title: Re: Help in Trading Post by: electronicash on November 30, 2019, 06:05:33 PM accumulate BTC by buying low and selling high which is also the same as accumulating USDT. BTC fluctuates good which can be perfect whe nyou know when to buy and when to sell, learning all these is not easy and this is why i seldom do it too. if you are to do it, you have to check several charts to confirm trends from weekly, daily, 4hour, 1hour, 39mins and 15mins in order to do the day trading. its not just learning the indicators in particular time frame. but even after all these, all you still have is speculation.
Title: Re: Help in Trading Post by: Quidat on November 30, 2019, 06:37:54 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC I dont see anything wrong with your strategy, I am also doing the same strategy with my BTC, to lock my profits when I see that price is going down, I convert to USD, then buy more when it hits the bottom. Maybe whats happening to you is you are not patient to wait for the price to go up again. I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Theres nothing wrong with the strategy the only what matters here is on the time he do secure out his btc to fiat and going fiat to btc. We know that fees does always matter on each transaction.If you do enter and exit out on very minimal margins or gains then expect that you wont gain nothing since you would need to pay up for the fee each time. For op, you should consider on having the patience on waiting up for more further when you do switch from fiat to btc. Title: Re: Help in Trading Post by: beerlover on November 30, 2019, 08:08:23 PM I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD What is green or red here whereas you must need to trade based on numbers (like you must sell higher than your buying prices) and just on color? I understand you mean by these color as market trends? Still, trends is just an indication about where the market is heading and selling in up or down market will not fetch you profits when your bought prices is still lower than current market prices.Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Trading BTC against fiats is much easier way of making profits in the manner like how you are doing. Buying BTC and then waiting for trends to change and then selling could be possible only for the traders who are able to hold down their nerves. Most traders are not having that patience and rushing to see profits but book losses at most of the times. Title: Re: Help in Trading Post by: worldtraveller321 on November 30, 2019, 08:25:02 PM would the fees be lower doing a BTC to USDT every time?
Title: Re: Help in Trading Post by: teosanru on November 30, 2019, 09:26:18 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC What do you just mean by seeing green or red please elaborate? If what you are saying is that you buy when you see market is green and sell when you see market is red you have been doing this in an all together wrong manner. This isn't how you trade I bet you would lose a lot with it. Just by determining past result of one day you can't just buy or sell. If this is what you mean you are doing better stop it or you will be burnt hard forget about earning. If you mean something else I would love to listen.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: worldtraveller321 on November 30, 2019, 09:49:33 PM that is what i been doing. ok then i need some advice on how to trade properly
please send to the links that give me an example Title: Re: Help in Trading Post by: Oasisman on November 30, 2019, 10:07:03 PM Are you doing that everytime? Because the conversion fee might kill your profit since local exchanges has high conversion fee.The kind of strategy your suggesting is a hodlers/long term trader's strategy. Converting only if the gains is more than 50%.
that is what i been doing. ok then i need some advice on how to trade properly please send to the links that give me an example You can find a lot of trading tutorials in YouTube. You will only need to learn the basics, and experience will help you make become better in this field. Title: Re: Help in Trading Post by: Maslate on November 30, 2019, 11:48:05 PM Are you doing that everytime? Because the conversion fee might kill your profit since local exchanges has high conversion fee.The kind of strategy your suggesting is a hodlers/long term trader's strategy. Converting only if the gains is more than 50%. Yes. Start trading with its basics and then learn also its technical sides. Trading will be more profitable if you know how to analyze the price movement in the market and you will trace when is the best time to trade and when will you take a rest. But at the dips and trade only when you see good signs to trade. that is what i been doing. ok then i need some advice on how to trade properly please send to the links that give me an example You can find a lot of trading tutorials in YouTube. You will only need to learn the basics, and experience will help you make become better in this field. Title: Re: Help in Trading Post by: Negotiation on December 01, 2019, 12:03:33 AM that is what i been doing. ok then i need some advice on how to trade properly It is not possible short time you can try the learn 3-6 month randomly group, blog, youtube video and advice first time a open demo trade after real trade otherwise you lost money, you can want short time learn and profit high this so bad division. please send to the links that give me an example Title: Re: Help in Trading Post by: johnwhitestar on December 01, 2019, 12:07:29 AM I think trading Fiat/BTC is really hard, but the good new is that the long term BTC trend has been always very positive.
For those who believe in BTC it may make more sense a long term hodling than one day struggle. If not I'd advise you to learn trading on smaller coins where you have often time to think the things over because the big whales are not there. Title: Re: Help in Trading Post by: maydna on December 01, 2019, 05:03:02 AM would the fees be lower doing a BTC to USDT every time? The fees will be the same every time you trade btc to usdt, and as long as you can make a profit, you don't have to think about the fees because the amount of the fee will not too big depend on your profit. that is what i been doing. ok then i need some advice on how to trade properly please send to the links that give me an example You should search for yourself so you can find what you want and need because if we give some examples or links, perhaps that will not satisfy you. But you can use the keyword like "how to trade cryptocurrency" on youtube so you can find so many useful videos or tutorials that will teach you about trading. After you watch some videos, you should practice what you learn so you can improve your skills to better and that can help you to make a profit. Title: Re: Help in Trading Post by: TheUltraElite on December 01, 2019, 06:30:02 AM Still seems i am not earning. You will gain a profit when you sell at the price higher than the price you bought bitcoin at, using fiat. Quote numbers keep going down. Which numbers? The coin prices? Those are not withing your control. To be on the safer side buy at the dip when the dip is around the next support level as far as known from previous price charts.Quote what am i doing wrong? suggestions please? Have you tried maintaining an excel sheet to keep track of your buying points and the point of selling? It is not necessary to keep only one set of coins as buying/selling capital. If you buy at a dip and then the price goes down even more, reallocate another capital to buy the next dip, but with caution. Keep track of all these capitals to be able to monitor your gains.Title: Re: Help in Trading Post by: bandungan on December 01, 2019, 06:32:04 AM You need to do a careful calculation before you trade. even if you change to USD or other. but if market conditions decline it will also not change your profits. so I think trading also requires a long process
Title: Re: Help in Trading Post by: nicolas1979 on December 01, 2019, 08:53:43 AM Maybe you take the wrong coin, replace at the wrong time and change open position ( OP ) before reach your limit. Many mistakes trader can do but I believe you can try to find by your self. Only you can evaluate your strategy and I hope you will find it. Never give up and good luck to you.
Title: Re: Help in Trading Post by: Shasha80 on December 01, 2019, 09:59:02 AM There is nothing wrong with the strategy that you do with trading on the pair BTC / USD. Maybe you do not pay attention to details price
when buying or selling. So only see green and red candlesticks. For example you buy bitcoin when the price is $ 7400 that time the candlestick was red because the previous price was $ 7700, then the price dropped again to $ 7100 the candlestick position was still red. Not long bitcoin price went up to $ 7200 the candlestick turns green and you sell it. Obviously you will loss even though the candlestick is green, because when buying at $ 7400, and selling at $ 7200 is clearly a loss even though the position candlestick is green. So don't be stunned to only see the candlestick, but also compare the price when you buy or sell it. Trading is easy, but it takes precision. Hopefully this brief explanation can be understood. Title: Re: Help in Trading Post by: Apened on December 01, 2019, 11:54:18 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC The only reason for this is you might be selling and buyiing BTC/USD vice versa in a low spread or something like a $100 difference and if you are using small amount your profit might be only for the fees to be paid in the platform . But for example you buy bitcoin at 6500 then sell in 7k+ USD i'm sure you will going to feel your profits. Make sure that when you trade you calculated the possible profit entries and exits for you to earn and not just stressing yourself putting in a much higher risk trade with a very small profit.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: cryptoangel on December 01, 2019, 01:19:39 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC The current market is hard to predict the further hype, so you want to secure your investment you must fix the 0.1 percentage below trade. Because once it will go down automatically it will move to the stable platform. USD is always supporting to your further trading so you must active and concentrate the crypto market, you never loose the money on crypto trading.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: Cherylstar86 on December 01, 2019, 02:25:21 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? If you want to have a profit you may experience first losses but if that could be a huge amount of losses probably the big problem is your own technique as you didn't even learn your mistakes. Having a risk is always be part here in crypto currency community, as you aiming a good amount of profit. On my opinion, on your own way I think you are too emotional regarding the fluctuations of the bitcoin in which may lead the losses you have. Much better takes some notes and study the possible way and reasons of your losses to avoid or minimize it next time you will do it. Title: Re: Help in Trading Post by: Eternad on December 01, 2019, 02:34:23 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Be careful in choosing exchanges, did you try this to other exchanges and still not able to earn? Or it's just you're doing it those times that btc drops too much. While the strategy seems fine sometimes the market volatility is really uncontrollable as well exchanges fee or transaction fees in convertion. Try learning to use other alt like LTC or XRP which sometimes lower in transaction than in BTC. I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: pundit on December 01, 2019, 02:38:38 PM Currently BTC is going through a sideways trend so it may be buying at high and selling at low as you said buying at green and selling at red. In trending market same strategy may give you good profit. Try to identify the support and resistance zone in sideways market and prefer to buy at support and sell at resistance, you will see gain in your account slowly. Sideways market are completely different to trade as compared to trending market. Try to get knowledge about trading different trends.
Title: Re: Help in Trading Post by: Assface16678 on December 01, 2019, 02:57:57 PM I think trading Fiat/BTC is really hard, but the good new is that the long term BTC trend has been always very positive. For those who believe in BTC it may make more sense a long term hodling than one day struggle. If not I'd advise you to learn trading on smaller coins where you have often time to think the things over because the big whales are not there. If you want a high-profit transaction better to try to trade, most of the time, this is the priority income of the people today. If you wish just to hold your money better to use the fiat because it is just a stable coin or money you don't need to worry if the price goes down. Still, if you want to be more profitable better to convert your cash into bitcoin, the amount of the bitcoin today is very volatile. With the price of seven thousand dollars, it is suitable for investment. that is what i been doing. ok then i need some advice on how to trade properly It is not possible short time you can try the learn 3-6 month randomly group, blog, youtube video and advice first time a open demo trade after real trade otherwise you lost money, you can want short time learn and profit high this so bad division. please send to the links that give me an example If you are just beginner in trading, there are a lot of websites or software application that supports their users and give some knowledge about how to trade. Some of their features are to provide a starting dollar for trading to gain more users and promote the world of crypto trading. Title: Re: Help in Trading Post by: Best Dreams on December 01, 2019, 08:25:32 PM I think trading Fiat/BTC is really hard, but the good new is that the long term BTC trend has been always very positive. For those who believe in BTC it may make more sense a long term hodling than one day struggle. If not I'd advise you to learn trading on smaller coins where you have often time to think the things over because the big whales are not there. If you want a high-profit transaction better to try to trade, most of the time, this is the priority income of the people today. If you wish just to hold your money better to use the fiat because it is just a stable coin or money you don't need to worry if the price goes down. Still, if you want to be more profitable better to convert your cash into bitcoin, the amount of the bitcoin today is very volatile. With the price of seven thousand dollars, it is suitable for investment. that is what i been doing. ok then i need some advice on how to trade properly It is not possible short time you can try the learn 3-6 month randomly group, blog, youtube video and advice first time a open demo trade after real trade otherwise you lost money, you can want short time learn and profit high this so bad division. please send to the links that give me an example If you are just beginner in trading, there are a lot of websites or software application that supports their users and give some knowledge about how to trade. Some of their features are to provide a starting dollar for trading to gain more users and promote the world of crypto trading. Title: Re: Help in Trading Post by: oktana on December 01, 2019, 08:50:12 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Have you calculated the percentage of profit generated, and the final amount includes the calculation of fees for makers / takers.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? and then, are you right in doing an open position, because this is also interconnected. calculations below 1% in bitcoin / usdt won't make much difference and can even be a loss. To strengthen the confidence of the analysis, you also need to understand the trends that are happening. Title: Re: Help in Trading Post by: tenakha on December 01, 2019, 11:20:03 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC You may not have done the transactions on time. Perhaps, the price has risen 5% today and you just invested at the end of this increase. You need to get BTC from the down and sell from high. Or the amount is very small and earnings are spent on trading fees. Anyway, gather more information about trading, you will perceive mistakes as your knowledge increases.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: harizen on December 01, 2019, 11:31:14 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? You can tell what's wrong based on your trading history. Check it one by one and asked yourself if did you really execute your action at the right time. We don't know when you start or on what price you played. Take note also of the trading fees. Title: Re: Help in Trading Post by: LouVandetta on December 02, 2019, 02:14:54 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Keep your eyes of how much the percentage of the pump did your "green" gained and the "red" as well.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Bitcoin itself is already expensive, if it's only a few percent of profit with a low funds, I don't think it will make any difference, but the profit should be there. You might also doing some premature buy and sell. That might be one of the reason. Pay attention to the fees, too. Who knows, maybe because of the expensive fees, you didn't see anything different from before and after your orders. Title: Re: Help in Trading Post by: worldtraveller321 on December 02, 2019, 04:52:10 AM in other words i should look directly at the numbers vs just seeing positive and negative in market?
Title: Re: Help in Trading Post by: rose9696 on December 02, 2019, 04:57:33 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC When you're not making money, reconsider your strategy. Frankly, I have the same strategy as you but the way I trade is different from you. not only red and blue, I trade on the indicators I have learned in TA. It is quite effective and you should have a lot of knowledge about trading according to the indicators to improve the efficiency of trading. I am quite lucky that my first trading sessions brought me more than 42.5% of profit on total assets. You can do it just like me if you try your best. I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: worldtraveller321 on December 03, 2019, 01:10:56 AM agreed. more less its about the value i bought at in the starting process
Title: Re: Help in Trading Post by: crossabdd on December 03, 2019, 04:15:59 AM please make sure you do it. convert USD to BTC when Green? What do you mean when the green starts or when the green is already high? and you do the opposite. I think you are wrong if you convert when green is high. It should be BTC to USD when Green is high. make sure your total funds are higher than the initial purchase. so you can make a profit.
Title: Re: Help in Trading Post by: Kevondo on December 03, 2019, 02:47:48 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC The current market is hard to predict the further hype, so you want to secure your investment you must fix the 0.1 percentage below trade. Because once it will go down automatically it will move to the stable platform. USD is always supporting to your further trading so you must active and concentrate the crypto market, you never loose the money on crypto trading.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: crisanto01 on December 03, 2019, 03:01:53 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC The current market is hard to predict the further hype, so you want to secure your investment you must fix the 0.1 percentage below trade. Because once it will go down automatically it will move to the stable platform. USD is always supporting to your further trading so you must active and concentrate the crypto market, you never loose the money on crypto trading.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? So far now since the altcoins are having low demand because of the fact that there were a lot of scammers and the projects success rate is too low compare to Bitcoin so most of investors now switch to Bitcoin as this become more realistic compare to waiting for some altcoins which the project team has no care at all, make balance on all things and think twice. Title: Re: Help in Trading Post by: cutesgirl on December 03, 2019, 03:50:44 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC You may not have done the transactions on time. Perhaps, the price has risen 5% today and you just invested at the end of this increase. You need to get BTC from the down and sell from high. Or the amount is very small and earnings are spent on trading fees. Anyway, gather more information about trading, you will perceive mistakes as your knowledge increases.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: john_nautica on December 03, 2019, 04:30:16 PM for me even though the market is in the red position it is not necessary to exchange it to the USD because this will make you decrease, because exchanging it to the USD also requires a fee. the best step is that you should try to stay at BTC because trading can happen at any time including price increases. because the increase in BTC will definitely occur even on a small scale but if it is sustainable it will be better and definitely provide profit
Title: Re: Help in Trading Post by: nelson4lov on December 03, 2019, 04:54:41 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Firstly, I want to say there's no "perfect" defined time to buy either BTC or change back to $USD. Your problem is your timing. You're not entering into either BTC and $USD at the right times. Let me use this scenario : You buy 1 BTC for 7300 USDT, You then sell 1 BTC for 7400 USDT. Your realized profit should be around $95 (this largely depends on the exchange you're trading). That said, here are the possible reasons why you're probably not racking in those profits: 1. Your capital isn't huge. 10% profit on a $300 capital at $7330 is different from 10% profit on a $3000 capital. You see the difference? 2. Your exchange might be charging high fees 3. You may be entering and existing at wrong times. Working on your entry and exit timings. Title: Re: Help in Trading Post by: Genemind on December 04, 2019, 04:06:27 PM You might be paying a higher amount of transaction fee than your profit. I have been doing the same thing but I make sure that I'm applying the basics so I won't spend too much on transaction fees. Try to do your own research about the basic way to do trading. Try to buy low and sell high one at a time. Set your target goal and sell it when you have reached it.
Title: Re: Help in Trading Post by: wxa7115 on December 21, 2019, 07:24:59 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Your idea is not wrong, with a good strategy and patience you could begin to multiply the bitcoin that you are holding, but have you taken the time to test whatever you are doing with the past movements in the price of bitcoin and see if it is profitable? If you have not done so then do it now, stop trading, stop using your money and do that experiment.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? What are your results? If the results are positive and you obtain profits in the long term then what you are seeing is nothing but a streak of bad luck which will eventually pass, but if the results are negative then you need to stop trading because it means that you have no way to make money if you keep doing what you have been doing so far. Title: Re: Help in Trading Post by: cutesgirl on December 22, 2019, 01:31:36 AM Looks best ideas when you convert your asset become bitcoin and altcoin when price is green or higher but you sell or you convert your money in crypto become USD when coin have lower price, best choose because USD looks stable price and not will have lower price although bitcoin and altcoin have down, maybe for every one can adopted this way when trading with bitcoin and altcoin.
Title: Re: Help in Trading Post by: Karmakid on December 22, 2019, 01:56:09 AM If you want to make sure that you are earning in trading or by buying and selling cryptocurrencies then you should set a specific target for profit taking and for your stop loss. You cannot just convert your bitcoin to fiat and vice versa when you just see a green or red in your portfolio. It is better to give it a time and always plan your trade before you even convert your money to cryptocurrency.
Title: Re: Help in Trading Post by: zeze18 on December 22, 2019, 02:11:00 AM If you want to make sure that you are earning in trading or by buying and selling cryptocurrencies then you should set a specific target for profit taking and for your stop loss. You cannot just convert your bitcoin to fiat and vice versa when you just see a green or red in your portfolio. It is better to give it a time and always plan your trade before you even convert your money to cryptocurrency. There is no way to get a sure earning on cryptocurrency trading, even if we already set the price that we want to sell and stop losses, if we failed every trade we will always stop loss and the end result is a loss. So, trading in cryptocurrency is nothing to be said a safe trading because cryptocurrency price is sometimes could surpriced us. Title: Re: Help in Trading Post by: TitanGEL on December 22, 2019, 02:33:56 AM If you want to make sure that you are earning in trading or by buying and selling cryptocurrencies then you should set a specific target for profit taking and for your stop loss. You cannot just convert your bitcoin to fiat and vice versa when you just see a green or red in your portfolio. It is better to give it a time and always plan your trade before you even convert your money to cryptocurrency. Planning your trade is the most important, you cannot just buy and sell without planning. My planning trade is consists of 5 steps. The first step is to identify what kind of the trend of the coin that I'm going to trade. The second step is to identify the support snd resistance. The third step is to when is the best time to entry and also exit in the trade. The 4th step is to know the potential rewards. The 5th step is to exercise our trading pyschological.Title: Re: Help in Trading Post by: Harriti on December 22, 2019, 04:10:06 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Your strategy is correct when trading BTCUSDT but you need to know more. You know, finance is a very vast field and so does its knowledge. In order for you to earn money, you should have more knowledge about TA, it's very important. For example, you need to keep your profit level when you see the price of bitcoin just broke out of the strong resistance area, ... at the same time, you should also have basic knowledge of Dow and the psychology of the crowd. You need to learn more to increase your probability of winning, wish you success.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: worldtraveller321 on December 22, 2019, 11:24:18 AM what would be good way and method to earn from BTC by moving back and forth to a stable coin?
Title: Re: Help in Trading Post by: Edraket31 on December 22, 2019, 12:22:58 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Your strategy is correct when trading BTCUSDT but you need to know more. You know, finance is a very vast field and so does its knowledge. In order for you to earn money, you should have more knowledge about TA, it's very important. For example, you need to keep your profit level when you see the price of bitcoin just broke out of the strong resistance area, ... at the same time, you should also have basic knowledge of Dow and the psychology of the crowd. You need to learn more to increase your probability of winning, wish you success.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? That's a good sign that you are earning, when you are analyzing and seeking advise from other people, because in reality, some people think that they are good enough and not asking for help from other people. Trading is not that easy as anyone thinks, it takes a lot of heartaches, stress, depression, fear, doubt, but once you overcome all of it then you will eventually become expert. Title: Re: Help in Trading Post by: AniviaBtc on December 22, 2019, 04:13:05 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Perhaps you pay more fee than the profit you gain from your trade. You could be also trading in a short period of time wherein the market movement doesn't volatile too much making you unprofitable for your each trade. If you want that to change, try to study more how does the trading works and look for trading pairs who suits to your skills and has a minimal risk at the same time.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Or maybe he's impatient about his profit that's why he gets excited and he want to secure the money he get and convert it suddenly into USD again and that's very wrong. Always wait for your time when exchanges will become worth it. Proper management and patience is a key in trading that's why those professional enough can control their emotions. They can handle any circumstances in trading no matter what. Either green or red, they know what to do and they're good in decision making because of the experiences they had. Title: Re: Help in Trading Post by: gweedo on December 22, 2019, 04:22:26 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Your strategy is correct when trading BTCUSDT but you need to know more. You know, finance is a very vast field and so does its knowledge. In order for you to earn money, you should have more knowledge about TA, it's very important. For example, you need to keep your profit level when you see the price of bitcoin just broke out of the strong resistance area, ... at the same time, you should also have basic knowledge of Dow and the psychology of the crowd. You need to learn more to increase your probability of winning, wish you success.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? That's a good sign that you are earning, when you are analyzing and seeking advise from other people, because in reality, some people think that they are good enough and not asking for help from other people. Trading is not that easy as anyone thinks, it takes a lot of heartaches, stress, depression, fear, doubt, but once you overcome all of it then you will eventually become expert. Title: Re: Help in Trading Post by: FLoving on December 22, 2019, 04:27:00 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC The problem in you is that when you see green then you buy and it do not guarantee that it will further go green in that instant and when it turn red then you sell after price reaching to its down level so in this case no one will earn but will lose. Better way of trade is that you have to stay alert and have to buy before starting the green and have to sell before going to red. You secure only when you sell before going to red. For that you have to study all the charts and have to get alerts of any good and bad news. Other bets option is that you hold till a golden age of bitcoin market.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Title: Re: Help in Trading Post by: Negotiation on December 22, 2019, 04:29:43 PM Before trading you must have sufficient knowledge of the trade Otherwise you may lose your money See various places before trading Research the analysis and also observe how a market is doing. Because there are both profit loss for the business so if you do not despair then try again from there.
Title: Re: Help in Trading Post by: Subbir on December 22, 2019, 04:36:19 PM Everyday one thing new here you've got to find out one thing new here a day there's no means you'll get bored in an exceedingly very straightforward means, as critical obtaining associate degree education you ought to forever attempt to get the correct education, however solely then you'll come through success by commerce this can be positively an extended term arrange.
Title: Re: Help in Trading Post by: Stargazer on December 22, 2019, 05:45:56 PM You can't make profits by doing this. Because BTC price goes up and down every day, if you do it this converting again and again, then your profits will be zero but the loss will have numbers. You have to be brave in trade, otherwise, you can't do well in trade. Loss and profit both are common here, sometimes you may lose, but that doesn't mean you end here, rather be strong and customize the trading strategy.
Title: Re: Help in Trading Post by: barbara44 on December 23, 2019, 01:08:26 PM You can't make profits by doing this. Because BTC price goes up and down every day, if you do it this converting again and again, then your profits will be zero but the loss will have numbers. You have to be brave in trade, otherwise, you can't do well in trade. What is converting here? Every trader who trades bitcoin against fiat, must need to buy or sell bitcoins and USD more frequently which has no differences from what you mean by "converting". If you do this randomly then definitely you will lose all your capital and if you do this carefully like selling higher than buying then you are doing the actual trading (assuming at your selling price that you are covering all your fees+some profits).Loss and profit both are common here, sometimes you may lose, but that doesn't mean you end here, rather be strong and customize the trading strategy. Yes, even decades long experienced traders too must be booking losses time to time. But, they must be booking more profits than losses which is the reason they are able to continue their trading. To do so, you must need a strategy.Title: Re: Help in Trading Post by: Triffin on December 23, 2019, 02:28:13 PM what would be good way and method to earn from BTC by moving back and forth to a stable coin? For me the best way to make money from bitcoin in is trading and investing for long term because both of them are the ways to get good profit by applying easily as long As you want. As if you will trade for long term it will give you so relaxation about work and your other activities too, and will help you to make good futures for yourself. In bitcoin actually holding matters because of volatile nature.Title: Re: Help in Trading Post by: CarnagexD on December 23, 2019, 02:30:42 PM If you want to make sure that you are earning in trading or by buying and selling cryptocurrencies then you should set a specific target for profit taking and for your stop loss. You cannot just convert your bitcoin to fiat and vice versa when you just see a green or red in your portfolio. It is better to give it a time and always plan your trade before you even convert your money to cryptocurrency. Most of new people tends to overlook the calculation of conversion fees and other fee generated on every trade so most probably what will happen is unnecessary loss just because you have seen a green on the price. What I always think of when trading is the timing, I always ask myself ' would I benefit if I sell on this point?' so I'll make an analysis to decide what to do next.Title: Re: Help in Trading Post by: BitHodler on December 23, 2019, 03:48:04 PM Most of new people tends to overlook the calculation of conversion fees and other fee generated on every trade so most probably what will happen is unnecessary loss just because you have seen a green on the price. I don't think the fees are much of a surprise to people because they know what exchange has the lowest fees and sign up there. I'm sure you have seen threads pop up here where people ask questions about the fees.What I think makes people lose out is the difference between bid and ask. On illiquid exchanges the difference can be so large that even when you make 2% on a trade, you still make a loss while you wonder how you could have lost. Title: Re: Help in Trading Post by: Sanugarid on December 23, 2019, 04:01:50 PM Most of new people tends to overlook the calculation of conversion fees and other fee generated on every trade so most probably what will happen is unnecessary loss just because you have seen a green on the price. I don't think the fees are much of a surprise to people because they know what exchange has the lowest fees and sign up there. I'm sure you have seen threads pop up here where people ask questions about the fees.What I think makes people lose out is the difference between bid and ask. On illiquid exchanges the difference can be so large that even when you make 2% on a trade, you still make a loss while you wonder how you could have lost. Let's think about that fees are just a consequence for us or a tip for the middle man in trading. Don't think of it in a bad way, because fees are made the same as the taxes. It is not that big enough for us to be recognized as loss also. And also because illiquid exchanges are also volatile like bitcoin, it means is not certain so it is very hard to manipulate trades. Title: Re: Help in Trading Post by: mbakruroh on December 23, 2019, 06:00:35 PM You already has good strategy but we also know red market still running and trading/ withdraw fee is not cheap. Only need to wait the right moment if you trade now your money will gonna. Be patient at lest until next year ( February - March ) to start new journey. Don't push too hard, slowly but sure take the important thing to raise your skill. If you run for profit than loss will you get.
Title: Re: Help in Trading Post by: Barbut on December 23, 2019, 08:26:08 PM You already has good strategy but we also know red market still running and trading/ withdraw fee is not cheap. Only need to wait the right moment if you trade now your money will gonna. Be patient at lest until next year ( February - March ) to start new journey. Don't push too hard, slowly but sure take the important thing to raise your skill. If you run for profit than loss will you get. If he is trading with USD instead of some stable coin like USDT commission is eating his money every time. What he needs to do is to find a better pair, to check trading fees and then to start trading. He didn't share the name of the exchange he is using, and we know that some exchanges have really high trading/withdraw fees. His strategy can be good, but his profit doesn't cover the expenses. Title: Re: Help in Trading Post by: nydiacaskey01 on December 23, 2019, 11:49:19 PM You should at least see a little gain if you lock your funds by converting to USD. That has been the practice of many traders but the question is how much is your capital? If its too small, expect that when you trade profits will be a little. it small too specially if you spread your capital in different coins and convert it one by one to USD once you see red. Thats where you pay for the fees and maybe thats what eating your profits.
Title: Re: Help in Trading Post by: Asmonist on December 24, 2019, 09:30:38 AM Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital.
Title: Re: Help in Trading Post by: Pamadar on December 24, 2019, 09:41:28 AM You should at least see a little gain if you lock your funds by converting to USD. That has been the practice of many traders but the question is how much is your capital? If its too small, expect that when you trade profits will be a little. it small too specially if you spread your capital in different coins and convert it one by one to USD once you see red. Thats where you pay for the fees and maybe thats what eating your profits. Agree to that, it's needed to be specified as trading fees will sucked up your capital if you miscalculated the percentages of those trading fees. If you always consider the amount of each transactions that you'll going to process and make sure that you calculated everything right. Title: Re: Help in Trading Post by: asus09 on December 24, 2019, 11:33:11 AM You should at least see a little gain if you lock your funds by converting to USD. That has been the practice of many traders but the question is how much is your capital? If its too small, expect that when you trade profits will be a little. it small too specially if you spread your capital in different coins and convert it one by one to USD once you see red. Thats where you pay for the fees and maybe thats what eating your profits. Agree to that, it's needed to be specified as trading fees will sucked up your capital if you miscalculated the percentages of those trading fees. If you always consider the amount of each transactions that you'll going to process and make sure that you calculated everything right. Title: Re: Help in Trading Post by: zeze18 on December 24, 2019, 11:59:54 AM Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital. I think trading is not all about time to watch the market every time, even we are a full time trader, we able to watch the market every time, we still able to tricked by the market price which is so agile and tricky. But i'm not denying that full time trader will earn more than a just regular trader which is just made one trade a day. Title: Re: Help in Trading Post by: Shimmiry on December 24, 2019, 02:54:52 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Your strategy is correct when trading BTCUSDT but you need to know more. You know, finance is a very vast field and so does its knowledge. In order for you to earn money, you should have more knowledge about TA, it's very important. For example, you need to keep your profit level when you see the price of bitcoin just broke out of the strong resistance area, ... at the same time, you should also have basic knowledge of Dow and the psychology of the crowd. You need to learn more to increase your probability of winning, wish you success.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? That's a good sign that you are earning, when you are analyzing and seeking advise from other people, because in reality, some people think that they are good enough and not asking for help from other people. Trading is not that easy as anyone thinks, it takes a lot of heartaches, stress, depression, fear, doubt, but once you overcome all of it then you will eventually become expert. In trading, we must consider a lot of things. First is you must to take a lot of time to read and do your research on what is happening in the market price because you must to be updated. In trading, there is a two-method first is the short term trading you can earn profit by trading altcoins and get your money daily. Lastly is the long term trading this one is good for bitcoin because it takes a lot of time and patience to make your money back again because the price is volatile and we cannot say that the cost of the coin goes up or down. If you are good at playing cards and dice online gambling is good too because this time you can earn money immediately, if you succeed in your games but not all the time the luck is not with us it can cause too losing of income. Title: Re: Help in Trading Post by: Twentyonepaylots on December 24, 2019, 04:51:07 PM Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital. I think trading is not all about time to watch the market every time, even we are a full time trader, we able to watch the market every time, we still able to tricked by the market price which is so agile and tricky. But i'm not denying that full time trader will earn more than a just regular trader which is just made one trade a day. Title: Re: Help in Trading Post by: pajak666 on December 24, 2019, 05:35:32 PM It is not so much watching the markets as thinking about them on the side and doing simple and boring data research. You've got to gather lots of data, build strategies, test them on your data, swap the data, test again etc etc etc. Opening excel spreadsheet is basically 1/10000000000 of what has to be done taking this career path.
Title: Re: Help in Trading Post by: Spaffin on December 24, 2019, 06:37:10 PM It is not so much watching the markets as thinking about them on the side and doing simple and boring data research. You've got to gather lots of data, build strategies, test them on your data, swap the data, test again etc etc etc. Opening excel spreadsheet is basically 1/10000000000 of what has to be done taking this career path. You really correctly voiced what a trader needs and what a novice trader needs to pay attention to, and Although I still do not have good experience, because I am just starting to learn, what is happening on the cryptocurrency market very much affects my excitement. Until that time, I very often made small investments in different companies, which I hope will show good results in the future, but trading with these coins introduces me at a loss. Even trading Bitcoin and Ethereum does not bring a good income, since it is very difficult to respond to price changes.Title: Re: Help in Trading Post by: Capt00 on December 24, 2019, 10:31:06 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC You're actually playing right and that is your strategy. Yes, everyone has it does and it seems to be profitable.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? We don't need to be greedy and asking for huge profit in every trades, every single gain counts and the most important is we get something from them. We become successful not because we gain a lot instantly but because we gain a little every day. Title: Re: Help in Trading Post by: Quidat on December 24, 2019, 11:52:03 PM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC You're actually playing right and that is your strategy. Yes, everyone has it does and it seems to be profitable.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? We don't need to be greedy and asking for huge profit in every trades, every single gain counts and the most important is we get something from them. We become successful not because we gain a lot instantly but because we gain a little every day. yourself to trade even more since you do aim for more profits which would result into loss most likely.Dont get too overconfident and be grateful when we already see some greens or gains with our trades.Make this as a habit and for sure you'll do better on your future trades. Title: Re: Help in Trading Post by: FanEagle on December 25, 2019, 05:15:41 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC The way you have explained this just shows that you don’t even know much about trading >:(. Becoming good in cryptocurrency trading takes a lot of work and not just a day work, you will have to practice for quite some good time and also do your research to understand how the market works.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? There are reasons why you are not profiting, I am not going to mention overtrading although it can be one of the reasons but let’s start with not managing risks properly. This is common among most traders I know, and explaining this is a whole lot of article. It’s why I said trading is not a day work, it takes time to get perfect. Another reason might be that you’re not preserving your trading capital for good trades. You don’t just jump on any trade you see, if you continue like that you’re most likely to end up with loss. Title: Re: Help in Trading Post by: DevilSlayer on December 25, 2019, 05:42:27 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC The way you have explained this just shows that you don’t even know much about trading >:(. Becoming good in cryptocurrency trading takes a lot of work and not just a day work, you will have to practice for quite some good time and also do your research to understand how the market works.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? There are reasons why you are not profiting, I am not going to mention overtrading although it can be one of the reasons but let’s start with not managing risks properly. This is common among most traders I know, and explaining this is a whole lot of article. It’s why I said trading is not a day work, it takes time to get perfect. Another reason might be that you’re not preserving your trading capital for good trades. You don’t just jump on any trade you see, if you continue like that you’re most likely to end up with loss. Title: Re: Help in Trading Post by: Savemore on December 25, 2019, 05:46:57 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC You're actually playing right and that is your strategy. Yes, everyone has it does and it seems to be profitable.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? We don't need to be greedy and asking for huge profit in every trades, every single gain counts and the most important is we get something from them. We become successful not because we gain a lot instantly but because we gain a little every day. yourself to trade even more since you do aim for more profits which would result into loss most likely.Dont get too overconfident and be grateful when we already see some greens or gains with our trades.Make this as a habit and for sure you'll do better on your future trades. Title: Re: Help in Trading Post by: Ipwich on December 25, 2019, 06:11:18 AM Newbies are entering in the trading because they want a big gain. Our mentality is should not be that because it is a bad mentality. We should be appreciate the small gains first. That is why there are traders who easily lose money in the market because they are so greedy to earn big amount of money quickly. We should survive first in trading in order for us to focus on how we will multiply our funds. That is their big mistake and not only newbies have these wrong thoughts but also those who are greedy individuals, and most of them will be the first to shout when they suffer losses. We should have to think that trading is not an easy job to take but it requires market understanding. Title: Re: Help in Trading Post by: cryptoknightt on December 25, 2019, 06:11:54 PM You need to specify your target when you want to trade, for example, the total amount of coins you use or take a percentage of your profit.
you do not need to make too much profit because you can continue to enter when the market is down. Title: Re: Help in Trading Post by: Bagaji on December 25, 2019, 07:51:04 PM It seems that you are not patience enough for you to make good profit over the cost fee the exchange will charge you for the transaction. Buy back when Bitcoin value has gone down low and sell when its market is higher the point of your entry and you can equally see the profit level as at the time you want to sell so that you will know that you are already selling in profit.
Title: Re: Help in Trading Post by: ViceOfBTC21 on December 25, 2019, 08:19:17 PM It seems that you are not patience enough for you to make good profit over the cost fee the exchange will charge you for the transaction. Buy back when Bitcoin value has gone down low and sell when its market is higher the point of your entry and you can equally see the profit level as at the time you want to sell so that you will know that you are already selling in profit. It can take a lot of time, even few hours at the time. The need for instant gratification is terrifyingly high these days. Title: Re: Help in Trading Post by: Visbay on December 25, 2019, 08:36:39 PM You should at least see a little gain if you lock your funds by converting to USD. That has been the practice of many traders but the question is how much is your capital? If its too small, expect that when you trade profits will be a little. it small too specially if you spread your capital in different coins and convert it one by one to USD once you see red. Thats where you pay for the fees and maybe thats what eating your profits. Agree to that, it's needed to be specified as trading fees will sucked up your capital if you miscalculated the percentages of those trading fees. If you always consider the amount of each transactions that you'll going to process and make sure that you calculated everything right. Title: Re: Help in Trading Post by: adzino on December 25, 2019, 10:39:52 PM That sounds a really stupid way to trade (sorry no offence). Are you really just converting between fiat (usd) currency and bitcoin? Are you sure you are not talking about USDT? USDT is not a fiat currency. It is just a stable coin. But, if you are dead serious about converting between fiat currency and bitcoin every time you see "green" and "red" signals, then boy, you have been doing everything wrong. Have you considered about the conversion fee you paying every time you were converting between bitcoin and fiat? This is probably the main reason you have been losing a lot of money.
Title: Re: Help in Trading Post by: EdvinZ on December 26, 2019, 07:28:21 AM Perhaps you need to start investing for the long term. I mean buy when everyone is selling and sell when everyone is buying. This is the advice of the world's leading traders. I do not know why beginners first lose their Deposit from improper trading, and then ask for advice on the forum. No one will give you a completely profitable strategy, so you still need to develop your own profitable strategy in trading.
Title: Re: Help in Trading Post by: iv4n on December 26, 2019, 09:01:56 AM Perhaps you need to start investing for the long term. I mean buy when everyone is selling and sell when everyone is buying. This is the advice of the world's leading traders. I do not know why beginners first lose their Deposit from improper trading, and then ask for advice on the forum. No one will give you a completely profitable strategy, so you still need to develop your own profitable strategy in trading. Just converting fiat to crypto and vice versa doesn't mean automatic profit. Logic that is hard to be understood is buying when others are selling and selling when other are buying, that is mentioned here on forum many times, and nicely explained, but we are still explaining the same things to newcomers. You gave him good advice, if he is losing money with trading he should try with investing in the long run. Maybe that is better for him, he will not know until he try it. Title: Re: Help in Trading Post by: michellee on December 26, 2019, 09:12:02 AM You need to specify your target when you want to trade, for example, the total amount of coins you use or take a percentage of your profit. That two things can prevent you from being greedy to chase a bigger profit. If you can determine how much percentage of your profit, you will close your trading when you can reach your target price sell, so no matter if the price increase or decrease, you will make a profit. I agree that we need to make a profit, that is the important thing, and if we can do it over and over, I am sure that the profit will come to the bigger money. you do not need to make too much profit because you can continue to enter when the market is down. Title: Re: Help in Trading Post by: wxa7115 on December 28, 2019, 07:35:09 PM Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital. I think trading is not all about time to watch the market every time, even we are a full time trader, we able to watch the market every time, we still able to tricked by the market price which is so agile and tricky. But i'm not denying that full time trader will earn more than a just regular trader which is just made one trade a day. Many prefer to take a more relaxed approach to trade the markets and instead of looking at the market all the time they just look at it once every hour and in some cases once a day, the disadvantage of this is that you cannot see all the movement in the market but you can still get profits with that trading style. Title: Re: Help in Trading Post by: Subbir on December 28, 2019, 07:49:17 PM That two things can prevent you from being greedy to chase a bigger profit. If you can determine how much percentage of your profit, you will close your trading when you can reach your target price sell, so no matter if the price increase or decrease, you will make a profit. I agree that we need to make a profit, that is the important thing, and if we can do it over and over, I am sure that the profit will come to the bigger money. Every trade has some time after they get frustrated but in order to trade it is necessary to give time for learning also agree with you that everyone wants to make a lot of profit so they can't do well. We do not value learning in most cases, we want us to do much better. Title: Re: Help in Trading Post by: Hypnosis00 on December 28, 2019, 10:34:49 PM That two things can prevent you from being greedy to chase a bigger profit. If you can determine how much percentage of your profit, you will close your trading when you can reach your target price sell, so no matter if the price increase or decrease, you will make a profit. I agree that we need to make a profit, that is the important thing, and if we can do it over and over, I am sure that the profit will come to the bigger money. Every trade has some time after they get frustrated but in order to trade it is necessary to give time for learning also agree with you that everyone wants to make a lot of profit so they can't do well. We do not value learning in most cases, we want us to do much better. Title: Re: Help in Trading Post by: KnightElite on December 29, 2019, 12:07:35 AM Its really quite unpredictable also in trading. Most likely it depends also on the amount of capital you trade or invest for the amount of returns you receive. Personally I'm also into trading for quite long time now and I'm also not earning that much. Well, I guess its just also right for me since I'm really not giving more time on it. Indeed, I believe a high-earning trade needs a focus and time and more capital. I think trading is not all about time to watch the market every time, even we are a full time trader, we able to watch the market every time, we still able to tricked by the market price which is so agile and tricky. But i'm not denying that full time trader will earn more than a just regular trader which is just made one trade a day. Many prefer to take a more relaxed approach to trade the markets and instead of looking at the market all the time they just look at it once every hour and in some cases once a day, the disadvantage of this is that you cannot see all the movement in the market but you can still get profits with that trading style. Title: Re: Help in Trading Post by: Subbir on December 29, 2019, 05:31:42 AM If a person gets frustrated he/she can probably out of his/her and can't even think for the best thing to do. Apparently, it makes them paralyze even though he/she has learned a lot but they probably just ignoring it. Only they could realize once it has done and lost their trades. If that is his/her personality, nothing will happen and they are making it worse. In most cases we see that there are new ones and say they have lost their money I think it is because of their mistake that they are ignorant of this they do not mean any neem, they think that all can be done here if they can do business And that is the cause of their big problems. Title: Re: Help in Trading Post by: michellee on December 31, 2019, 09:57:20 AM That two things can prevent you from being greedy to chase a bigger profit. If you can determine how much percentage of your profit, you will close your trading when you can reach your target price sell, so no matter if the price increase or decrease, you will make a profit. I agree that we need to make a profit, that is the important thing, and if we can do it over and over, I am sure that the profit will come to the bigger money. Every trade has some time after they get frustrated but in order to trade it is necessary to give time for learning also agree with you that everyone wants to make a lot of profit so they can't do well. We do not value learning in most cases, we want us to do much better. Title: Re: Help in Trading Post by: IHF on December 31, 2019, 03:56:04 PM The default "risk adverse" human instinct is to take profits immediately as soon as they see small gains, and to let the losers run indefinitely in the hopes that at some point the position might reverse... When you are just starting out in trading, you should focus training your discipline to adapt to counter intuitive techniques that are often necessitated by profitable trading systems, and become aware that in many cases you will need to go against "common sense" and mainstream human inclinations to gain an edge over the competition in order to become a profitable trader... totally agree on that, well described! Good luck with adopting those moves ... Title: Re: Help in Trading Post by: Yamifoud on December 31, 2019, 11:29:20 PM The biggest help in trading is provided by Technical analysis. It is very necessary to learn either fundamental analysis or Technical analysis to perform better in trading. Technical analysis is very easy to master and learn. Yes, it was. But the question is how good is their TA and what is the basis of it? Knowing that TA is not just a simple formulation but it takes time to create in order to have effective and reliable TA's. But having TA is not only the reason why traders become successful but because they have a plan and effective strategies. Their passion and dedication drive them for a better result, and that is how they manage their funds. And the sad thing is that many traders don't have any of this, they only just think that trading is just an easy task and then realized that they were wrong later.Technical Analysis is an art in which forecasting of price movements is done based on historical data i.e. price and volume. It is not an exact science where you can get result on an absolute basis but it is an art where everyone performs the analysis differently with the help of technical components like indicators, patterns, trendlines etc. on a chart. Technical analysis is a very easy way to do chart analysis as compared to fundamental analysis. I found a great article which covers in-depth knowledge about Technical analysis. For a beginner or advanced trader, it will provide you with good exposure to Technical analysis. https://www.mastershareprice.com/2019/11/technical-analysis-indepth-explanation.html#point2 (https://www.mastershareprice.com/2019/11/technical-analysis-indepth-explanation.html#point2) Title: Re: Help in Trading Post by: Kelvinid on January 01, 2020, 04:54:57 AM I am trying to secure my gains by doing this. I have an exchange that I use. I convert from FIAT To BTC Please take a look at the price not by its color. It doesn't mean that the market is green you are already had to gain profit, but to check if the price is higher than the price you bought your Bitcoin. That is exactly how it works.I will exchange USD to BTC when I see Green and when it goes red i try to secure those gains by going back to USD Still seems i am not earning. numbers keep going down. what am i doing wrong? suggestions please? Cause I'd find out that you miss the price when to sell your coins. Title: Re: Help in Trading Post by: mrBTCman on January 06, 2020, 12:09:55 PM What would be good exchange to use. That has stable coins on it. For trading ? should i use Binance? You can try Binance for trading. Or some simpler exchange and friendly to beginners, like CEX. The company takes care of its customers, and as proof - launched infobot, https://t.me/CexIoInfoBot, that will navigate you in market changes and price movements. Title: Re: Help in Trading Post by: Barbarian on January 18, 2020, 03:25:33 AM The biggest help in trading is provided by Technical analysis. It is very necessary to learn either fundamental analysis or Technical analysis to perform better in trading. Technical analysis is very easy to master and learn. Technical analysis is very straightforward to learn but it is really difficult to master, it is easy to deceive yourself by choosing the wrong indicators and thinking you are predicting the market when what you are doing is nothing but confirming your own biases, you need to detach your emotions from your analysis because there are going to be many times in which you are not going to like what you see and you will want things to be different and then you lose money by not listening to the markets.Technical Analysis is an art in which forecasting of price movements is done based on historical data i.e. price and volume. It is not an exact science where you can get result on an absolute basis but it is an art where everyone performs the analysis differently with the help of technical components like indicators, patterns, trendlines etc. on a chart. Technical analysis is a very easy way to do chart analysis as compared to fundamental analysis. I found a great article which covers in-depth knowledge about Technical analysis. For a beginner or advanced trader, it will provide you with good exposure to Technical analysis. https://www.mastershareprice.com/2019/11/technical-analysis-indepth-explanation.html#point2 (https://www.mastershareprice.com/2019/11/technical-analysis-indepth-explanation.html#point2) Title: Re: Help in Trading Post by: joeperry on January 18, 2020, 07:38:46 AM It's not about the greens and reds and not just analyzing the ups and downs, you should go to the basic chart reading such as pointing out the resistance and the support you should also consider the volume and moving averages it would help you to find clues whether the market will go up or down also consider the previous charts or candlestick as a reference whether the market is in bearish or bullish movement.
There's a lot to know in trading don't just stick with the candestick bars there are some free courses about forex trading I think it would be a great help for you the concept in trading in forex and cryptocurrency is just the same and you can use forex strategies and apply it to cryptocurrency markets. Title: Re: Help in Trading Post by: Negotiation on January 18, 2020, 08:30:32 AM What would be good exchange to use. That has stable coins on it. For trading ? should i use Binance? You can try Binance for trading. Or some simpler exchange and friendly to beginners, like CEX. The company takes care of its customers, and as proof - launched infobot, https://t.me/CexIoInfoBot, that will navigate you in market changes and price movements. I agree with you because Binance is a much better side of doing business There is a stable currency here and it is much easier to invest here. I have traded here and the transaction costs are much less and the fees are much cheaper as they are not expensive. Title: Re: Help in Trading Post by: Distinctin on January 18, 2020, 01:38:50 PM Hi! My opinion is that for a beginner it is better not to try trading companies since there is absolutely no trading experience and there is a big risk of losing money. You must first learn from less risky companies. I’m learning to predict football matches https://1xbet-tanzania.com/, the risk of losing money is not as great as in a trading company. As you make a prediction and wait for the end of the match, if the prediction is correct, then I earn. And you do not need to sit all the time near the computer and wait. I understand that in most cases that noobs have a high percentage of losing but if you'll never try to do it, do you think that they can learn to trade? Of course, not and that is why they would like to take the risk because they want to learn and by finding their mistakes from that, they'll know what they have to do in the next round.Title: Re: Help in Trading Post by: Baoo on January 18, 2020, 08:18:34 PM Well, you have a lack of knowledge in trading field and to be honest, I don't think that you are going to earn a huge profit like this way even in a long term, you are wasting a lot of time without any benefit.
In fact, you should learn the basics of trading through reading some books ( try to pick the appropriate books for beginners ) also use your mind in order to analyze the market in the right way. Make sure that most of beginnings are dissapointed , be patient and learn more. Good things always take time. Title: Re: Help in Trading Post by: IHF on January 21, 2020, 04:17:02 PM I tested a lot standard TA tools with popular paremeters involved but none of them came out as reliable. And more often it's even not possible to backtest them seriously anyway.
In some obvious setups To me it's just one option for determining low risk areas in relation to get into the markt with a narrow Stop. But I dont use TA to predict price movements correctly. imo TA is overated massively. You need to find your own special edge to become persistent in the long run. Cheers ... |