Bitcoin Forum

Economy => Trading Discussion => Topic started by: deonyx on May 28, 2018, 03:02:10 PM



Title: How Do you Handle a Downtrend as a day trader?
Post by: deonyx on May 28, 2018, 03:02:10 PM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: 4abrec on May 29, 2018, 09:32:55 AM
In fact, if you are actively engaged in trading altcoins, you can be sure that even the downtrend will not scare you. But for this you need to understand what kind of coins you trade.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: wayancrypto on May 29, 2018, 09:38:56 AM
When any indicate the market will continue drop, as day trader should be cut loss it as soon as possible and buy back at lower price, but to do this action we need times full times to analysis the price action of crypto, and we should  have more knowledge about technical analysis to predict better where the price will to go.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: monalia on May 29, 2018, 09:51:55 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
Day traders also affected in current situation but they know how to manage the situation. So some investment is make huge loss and some investment make huge profit so both are possible in crypto investment. If you want to try day trading this is not a time because current scenario is unpredictable


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: ahoenk on May 29, 2018, 01:58:32 PM
Day trader usually handle down trend buy averaging trading. Buy 10% of your portofolio and if the market going down again buy 10% more. And when it bounce they sell it at very small profit. Or sometimes people did arbitrage in this down. Arbitrage need more money for starting.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Sanjida on May 29, 2018, 02:28:36 PM
Hi I am a Jr. member but some days ago I joined in trading and i am not handle downtrend day trader.i try my best but I need all day trader help.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Chicryptomama on May 29, 2018, 02:43:24 PM
A lot of altcoins are tied against BTC and it is extremely important to know how to hedge or protect your funds...knowing how to will help you survive in the cryptosphere.... So always try as much as possible to understand the BTC market trend.
Always have like 40-60 percent of your funds in btc so that you can swap your btc to usdt when it is about to enter a downtrend....Also, you can average down your bets.....meaning buying intermittently at every 5-10 percent down that way with a little pump you would have recovered your money quickly.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: DaMut on May 29, 2018, 03:17:44 PM
If you are trying to handle it,everything that you need to know is its phase.where are we at right now ? and how far it will goes down.when we are in a downtrend,we will not see a huge crash directly but instead there will be many phase that we need to pass,for example ;
when we were in $7200,we should break $7000 to create a huge sell off.the price moved down but it did not break that level but instead it bounced.that means that is the time for Bitcoin to get another upward movement and start another attempt in the future.when you're there you can buy some shit from your money and wait a pullback.



Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: deonyx on May 30, 2018, 10:49:04 PM
Thanks to you guys for your replies, I will try to up my game in my trade, though at the moment the market seems very hard to pull through cos even technical analysis doesn't seem to be working because all the signals and predictions for BTC didn't match in reality, it still looks a kind of scary to dive into so maybe I will just be watching it for now and keep my portfolio for a long term trading till when I will be able to swing trade and make profit again.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: bettercrypto on May 30, 2018, 11:01:51 PM
It is hard for a day trader to manage downtrend line specially, when Bitcoin market dumps too much. When there is a downtrend, I usually hold and wait till the current change. It is good to become day trader if the prices are pumping but I thing we cannot earn much if there is a bear market.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: roshanfious on May 31, 2018, 01:48:53 AM
Don't put all eggs same place and 6 days win more than 1 days closed. And must know stop point, it's mean sell all when signal you see downtrend long time.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Chris! on May 31, 2018, 01:54:08 AM
Shorting. Look it up. I wouldn't suggest it for the long term.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: RasicaOla12 on May 31, 2018, 04:13:05 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
This is the bearish wave that occurred after the market rallied before and many stocks in the market witnessed a steep decline lasting several months.During the Downtrend, there will always be waves called Downtrend.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: pooya87 on May 31, 2018, 04:31:16 AM
when you are trading altcoins, whether it is a downtrend or uptrend everywhere else you must look for an altcoin that is on the rise aka getting pumped. and there are quite a lot of them out there  and at least 5 are  getting pumped every day. you find these, invest and pull out before the peak and make profit. move to next and do the same to make more profit.
if you can't then stay away from the market,  cash out and wait until you can speculate the market and then come back in. nobody is forcing you to trade every single day.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: pumbum on July 04, 2018, 03:55:20 PM
it is impossible to determine the reversal when the market is growing. I think we need to think from logic that we can not be greedy. If you made a profit in 2-3 weeks of trading in a growing market, then just exit the market in BTC or better in USDT, and just wait for the cheap price of coins. No need to try to keep up with the market, it is still stronger than you. And you just need to take and leave


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: bittraffic on July 04, 2018, 04:08:00 PM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?

Can't you do the same thing like buying USDT and then at the very bottom you buy back?

I don't do that myself as its easy to trade when price are rising but its easier to buy when you see the price hit the bottom twice. But the usual that traders do when the market is all red is to buy the tether.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: mbm_ico on July 04, 2018, 10:13:35 PM
In the descending market, you can either just not touch your crypto currency and wait until a new wave of growth begins. Or you can trade against the main trend and make a profit even during such serious falls.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Greed Dev on July 04, 2018, 10:22:22 PM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
I will travel on the red market days. I think that's a great way to deal with a Downtrend. I'm not an experienced trader. So I will never trade in these days


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Sinone on July 04, 2018, 10:39:56 PM
The downtrend is a normal matter. Every trader knows about it. When the crypto market goes down, Especially I try to buy more coins. Like EOS Coins present price 0.020, if this price will go 0.015 then I will buy EOS through my all money! And then I will sell them when EOS will back to 0.018 or more. This is my formula for daily/Short-term trade


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: vv181 on July 04, 2018, 10:47:18 PM
shorting. Or wait a few days until the market recovers since if the markets are bearish, my stop-loss is executed. Then wait for a new opportunity to jump in.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Lazada on July 04, 2018, 10:55:01 PM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
Actually all you have to do is practice patience, you have to wait until a good time arrives. Because the characteristic crypto is always changing at any time then we will not be able to determine when the market will increase or decrease. so the only way we do is to wait, it is proven at this time that when prices rise again and show a positive trend. So be patient because with patience then we will be able to get what we want.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: katri on July 04, 2018, 11:12:56 PM
I have also loss during bearish market but I just hold on to my coin. Just keepingnitnto my wallet and waiting for the next wave of bull market. To sell your coin just to cut your losses in this downtrend market is a wrong decision to execute because we all know that market will bounce up again in just few weeks. So it's better to hold the coin.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: cryptoblue77 on July 05, 2018, 12:45:13 AM
When i was day trading some time ago, i didn't handle downward trend well, as the market was constantly dropping i lost all my money. It was a very bad experience as a day trader.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: BitHodler on July 05, 2018, 01:11:13 AM
I noticed that more people prefer to have a short position open during the bear market as a form of insurance. They can just do whatever they want, but will benefit significantly if the market keeps going down.

I thought about it myself, but I prefer not to use any tools and I don't need them. I can hodl through these bear cycles without any problems, and I have tons and tons of patience left to consume.

Some people say that hodling is a bad thing to do during a bear market, but they fail to understand that not everyone can trade this market and have their funds work for them. People thinking it's easy to profit don't know anything.

Not acting is better than acting based on nothing but hope.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Caladonian on July 05, 2018, 01:48:31 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
It's too risky and hard to predict, if ever that you've been trapped inside better to have more patients if you have spare money, you can try to invest more with the same coin, just in case when the coin value bounce back, you can gain more while waiting for the previous one to break even together with your earnings from the second position that you've made.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Ruslanabramov748 on August 27, 2018, 08:34:12 PM
You need to always be sure of your entrance to a particular position, hone your trading on platforms where there is a demo
 ;)


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: vinbentrob on August 27, 2018, 08:44:59 PM
As trader,  you could lose everything in a few days if you don't know what you are doing!  Downtrend in the market of cryptocurrency should not be an emergency rather,  it should be expected with solid plan to go through it successfully!  I try as much as possible to stay in fiat and buy the dip in the market!


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Grayy on August 27, 2018, 11:31:37 PM
My target is always set. When the downtrend hits my target low, I quickly pull out. Sometimes you may have to wait for quite too long for market to recover and I may not have too much patients in day trading as I may have in long-term hodling. When you set your target and respect these targets you don't have to lose too much.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Pattart on August 28, 2018, 05:32:09 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
Actually all you have to do is practice patience, you have to wait until a good time arrives. Because the characteristic crypto is always changing at any time then we will not be able to determine when the market will increase or decrease. so the only way we do is to wait, it is proven at this time that when prices rise again and show a positive trend. So be patient because with patience then we will be able to get what we want.
It's not a problem if prices change and rise quickly, but if prices go down and endure for a long time, surely you have to do
and make choices to sell and look for other more potential altcoins, because in trading you can't keep holding it for a long time right ?


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: karungbitcoin on September 11, 2018, 08:59:28 AM
Although crypto market on bearish but there are also some altcoin going up ranging from 10% to 30% aday , so we still opportunity to make some profit. But this is will be more difficult to get it because only some of crypto going up and so many going down. And to avoid loss we should be keep some balance in to fiat or USDT , and we can use it again to buy coins after the price on the bottom. Patient waiting for bottomed price will be promising big profit because when the price on the deep is more easy to push up to 100% just in afew days.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: rumexx on September 11, 2018, 09:25:36 AM
Once downtrend sets in as a trader the best thing to do is to stop trading and never try to revenge on the market because the market will always carry you except you are on the right side of the trend that is following the trend. I assume that you are a good trade who has a trading plan and is willing to follow your plan and also you may have place your stop loss and take profit points. You then leave the market and come back tomorrow to trade again still following your trading plan.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: berrygood on September 11, 2018, 09:42:50 AM
Handling this downtrend of altcoins is nearly impossible because this is not like ordinary fall or crash but like end of altcoins, they simple go to zero how can we handle it with little loss  ::) don't know.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: CryptoIyke on September 11, 2018, 12:46:45 PM
Why should one remain in a downtrend market other than to exit and return, a downtrend is traded with a different strategy, it is best entered with a stop loss plan such that once the market goes against you, it sells and you position lower because every support eventually becomes the resistance, so one should not expect to be in profit after missing a profit position to sell


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Kiweikoo on September 15, 2018, 12:17:26 PM
Handling this downtrend of altcoins is nearly impossible because this is not like ordinary fall or crash but like end of altcoins, they simple go to zero how can we handle it with little loss  ::) don't know.
Altcoins are extremely volatile in nature and even if you want to trade their bear trend, you really want to be careful. The altcoin market is the most manipulated of all, and even in some smaller volume trade, they can easily be manipulated into a pump and dump scenario and you really do not want to be day trading such.

I always believe that the best time you can enjoy trading an altcoin is in an uptrend, and with this you can make very good profit from the fluctuations and the higher highs and higher lows, but for a downtrend, you really want to just stay out of it.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: fasdorcas on September 15, 2018, 12:24:24 PM
Although crypto market on bearish but there are also some altcoin going up ranging from 10% to 30% aday , so we still opportunity to make some profit. But this is will be more difficult to get it because only some of crypto going up and so many going down. And to avoid loss we should be keep some balance in to fiat or USDT , and we can use it again to buy coins after the price on the bottom. Patient waiting for bottomed price will be promising big profit because when the price on the deep is more easy to push up to 100% just in afew days.

There will always be an opportunity for every point of the market; it is just the knowledge to take advantage of those opportunities that virtually most people who want to trade does not have. A market will always reach an oversold state at some point and always tend to come with some little bit of correction or small level of reversal in between, so for someone who knows what they are doing, this can always be taken advantage of but like I said, it certainly requires great deal of knowledge and experience to trade a bear market.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: apityeh71 on September 16, 2018, 07:23:31 AM
Trade on downtrend is hard to earn profit and possible we are in loss. When downtrend the total market  cap of crypto is decreased alot and that mean many trader and investor out from the market. In this situation look better to move money in to others asset while waiting deepest price of crypto and bull market back.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Zipposs on September 16, 2018, 08:38:47 AM
You can start checking out these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-2% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Ekaterina Stalin on September 16, 2018, 08:43:26 AM
I spent most of my time on the bounty. For me, when the market is going down quickly, I will convert all the altcoins into USDT, which I think will make my property safer!


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Rainbow009 on September 16, 2018, 01:46:24 PM
As a trader always k own how to explore you options, for quick flipping, you need a currency with wide fluctuations.
When the market is all down, you can switch to arbitrage trading and make profits from discrepancies in prices of an asset on various exchanges.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Sanchezino40 on September 16, 2018, 02:46:53 PM
Every downtrend is very disturbing. Most times, you see your profit going down and you can't do anything about it. There are different methods of handling downtrend of a trade. Calculate very well and know what to do. Most times I exit the trade early and rebuy at dip.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: sedahan13 on September 27, 2018, 02:23:37 AM
If there are indication the market reversal from bullish to bearish, i have to sell al digital asset and wait for oversold to buy back. But range from bullish to bearish is long times , so to make money in this down trend there others option to make profit, like margin trading on the CFDs or futures crypto trading by short/sell the price.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Gwapoman on September 27, 2018, 05:14:04 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
I usually stay with BTC and stop trading til I spot a market recovery..and if Im in my risky mood i do trades with tether too.

I also check the average weekly price of an alts and do some small buy backs whenever the alts im watching fell 5 to 10%..It'll help accumulate small amount of alts over time.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: qiwoman2 on September 27, 2018, 05:35:58 AM
I am not very good trading with a falling knife, so best in this scenario is to wait and see if a bottom has been established before entering a trade. When you see a new bottom, then that's the best time to come into a trade and see what type of trade you want to do. Also, arbitrage might be a good solid trade when there is chaos in the markets, as they usually form in different exchanges, different prices, which are good trades as you are guaranteed to come out a winner through arbitrage. I don't often get a chance to arb but when I do I really like those winning trades and try my best to execute them when I possible can that is.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: Wexnident on September 27, 2018, 05:55:51 AM
If there are indication the market reversal from bullish to bearish, i have to sell al digital asset and wait for oversold to buy back. But range from bullish to bearish is long times , so to make money in this down trend there others option to make profit, like margin trading on the CFDs or futures crypto trading by short/sell the price.
Well you should handle your emotion on every market's situation don't be too excited when prices goes up and not to worried when market is down. As for me, i just ride the wave of the market to avoid a big loss. Downtrend is a great opportunity to buy more coins in the market since prices are quite low than usual, by that, there is a big chance of getting a big return.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: mornabo on September 30, 2018, 03:16:13 PM
Every downtrend is very disturbing. Most times, you see your profit going down and you can't do anything about it. There are different methods of handling downtrend of a trade. Calculate very well and know what to do. Most times I exit the trade early and rebuy at dip.
The important thing is to do analysis and research first, if you see the potential price to go back down then you can
sell it and rebuy at a lower price, if you see prices going up soon then hold it and buy more


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: eaglewhite80 on September 30, 2018, 03:21:46 PM
Every downtrend is very disturbing. Most times, you see your profit going down and you can't do anything about it. There are different methods of handling downtrend of a trade. Calculate very well and know what to do. Most times I exit the trade early and rebuy at dip.
The important thing is to do analysis and research first, if you see the potential price to go back down then you can
sell it and rebuy at a lower price, if you see prices going up soon then hold it and buy more
Even with analysis and research, you just have to understand that in a downtrend, the market is prone to moving down faster than up and you always want to keep your stop loss active while having a good strategy when it comes to taking profit without the mindset of expecting something much in profit per every trade. Most traders tend to find a clear signal before even attempting to trade during downtrend, but the most important thing is to find a strategy that works fine for you.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: manggis97 on October 01, 2018, 01:00:28 AM
When the bull market coming and the price of many crypto already going up multiple times like 10 to 50 times is better withdraw 50% of that and move to others asset that has risk lower,  do not greedy and FOMO because there are always peak price and the price will be change to down trend.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: wahyu wida on October 01, 2018, 03:23:44 AM
When the bull market coming and the price of many crypto already going up multiple times like 10 to 50 times is better withdraw 50% of that and move to others asset that has risk lower,  do not greedy and FOMO because there are always peak price and the price will be change to down trend.
right, don't be greedy for profit. when prices have decreased, i used to do it looking for a good position to buy. and buy gradually, so that if there is a decline again, i can buy it again


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: darthmaul on October 01, 2018, 04:07:15 AM
Always told people like you who keep thinking that downtrend is something that can hamper the trades really. Well that doesnt matter at all mate if you are going to perform the trading on shorter period of time. There is always some ups and downs within that downtrend. Dont look at the big picture at all, look at the current market, the very last minute to last hour of 24 hours! Checkout the signals and you will see how they go up and down within that period even when it is down in the price. It doesnt matter if the BTC has dropped from 20K USD to 7K USD today as you can still see that BTC is moving up and down with prices like 7.2K USD or 6.6K USD in the meantime of its downtrend. You see it make sense and you can apply same strategy to others too.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: iASIC on October 01, 2018, 04:26:43 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
It is to put a stop loss when you go to bed or have unexpected work. That is important, but there are no such functions in some trading platforms. Only Binance and Bitfinex have that functionality. You should only place orders to prevent losses in a reasonable way to avoid the market down slightly but you sell all your coins.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: coin_1122 on October 01, 2018, 04:46:24 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
It is to put a stop loss when you go to bed or have unexpected work. That is important, but there are no such functions in some trading platforms. Only Binance and Bitfinex have that functionality. You should only place orders to prevent losses in a reasonable way to avoid the market down slightly but you sell all your coins.

You are right, many people who are in crypto still don't use these feature and that's why many people are losing their value in the market. We have to be very careful in the market because we don't know when the market starts going down but when the market is kept increasing we don't face any problems.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: jrrsparkles on October 01, 2018, 05:50:02 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
In day trading the loss is inevitable,you also need to faces if you are engaging it daily terms but the loss can be minimized by holding the coin for longer term or just exchanging the coin shich is doing good on that particular day maybe some altcoins will go creazy for a while so pick them and buy and sell it in short term them move to USDT or BTC for making profits.


Title: Re: How Do you Handle a Downtrend as a day trader?
Post by: udidrone on October 01, 2018, 05:55:44 AM
I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.

So I'm wondering what is the best way to handle a downtrend situations?
So it means you trade your profit with capital and not cash out it first, i think capital don't need to increased by profit so we still can use our profit for something else. If we keep use our profit to trading with capital, when loss it will be wasting time only