Trading Lesson on Downtrend (for newbie)

[eugenefonts]

Down trend market is my favourite spot when im trading. You should be reading news everyday so that you can have an idea if the market will pump or dump. When its down trend its time to buy cheaper coin but, the problem is you got no money to invest anymore.

My technique is called scalping ,first thing i do is, ill see the sell order if theres a lot of huge sell order means the coin is dumping. second is ill find where i could properly fit my sell order where the buyers could easily buy my sell order first. My technique is, ill find the bigest sell order and put down below my sell order.

When my sell order is already filled i will find the bigest buy order on the list then, ill put my buy order above on it where i should be the one to be first filled .

On downtrend, i know you loss in profit already but the plan is, sell low, BUY LOWER to accumulate more coins or holding.

Then, when you successfuly find and hit the bottom on the buy order next thing you do is  sell it when the market pumps. Then repeat from the top. It will help you accumulate more coins even if your not investing money.

I hope this helps you newbies on trading. Please read carefuly 😊😊😊

[rahutomo]

You are absolutely right.
Scalping is a shortcut to collect lots of tokens.
but is there a reference to place where pending is placed?
do you have a detailed picture of technikal analysis?
I will applaud if you give details in detail once.
thanks.

[Adunni6758]

The technique you have just outlined works. Although, it might not perfectly fit into all coins, most especially when there is or are group(s) of traders, working together to pump and dump a particular coin.  Whoever is astute in trading can fit into such system, but a novice will have to learn perhaps after making some mistakes.
What i have also noticed again is that, do not allow greed to drive you into trading. Else, you might end up loosing at the end.

[eugenefonts]

You are absolutely right.
Scalping is a shortcut to collect lots of tokens.
but is there a reference to place where pending is placed?
do you have a detailed picture of technikal analysis?
I will applaud if you give details in detail once.
thanks.

Im not using technical analysis, sometimes by just seeing the order book you can easily determine where is the dumping area and the pumping area. Its easy when you saw huge sell wall , just sell lower your coin a little bit then prepare to buy at lower area. For me i just do scalping shortly by 15mins-1hr depends when i get satisfied upon the scalped coin i have. Sometimes i loss then i abandoned it and relax, then trade on the other day when my mind is ready and comfortable to trade.

[Aminmon]

But most of the time, it's hard for a novice to judge a token highs and lows.
I would be more likely to recommend that newbies have long-term hold, because the long-term profit margins will not be very low.

[eugenefonts]

The technique you have just outlined works. Although, it might not perfectly fit into all coins, most especially when there is or are group(s) of traders, working together to pump and dump a particular coin.  Whoever is astute in trading can fit into such system, but a novice will have to learn perhaps after making some mistakes.
What i have also noticed again is that, do not allow greed to drive you into trading. Else, you might end up loosing at the end.

It works on your favourite coin because you are already familiar with its movement. My favourite coin so far now is electroneum, i have a 1565 etn before, but now i got 2552 all added etn is from scalping. I dont trade or scalp everyday ,i just scalp when i got the mood or see the order book if i got the opportunity, its so easy to scalp sometimes when the spread is far from each other. And another is its so easy to trade when sunday afternoon is arriving because most of the time the market is always dumping.

[SamBee]

Do you have any tips what to do in case of sudden changes in the trend, such as, for example, today with bitcoin, when it increases per hour by $1000 ?

[IgorShumilo]

I do not quite agree with you. You write that you need to read a lot of news and see when there is positive news and this means that the coin / token will grow. But this is not so, if bitcoin goes down, then everything goes down, if it goes up, everyone sells their violas and buys a cue ball. And only when there is a flat that coins / tokens grow. In the falling market, news very rarely gives rise.

[eugenefonts]

I do not quite agree with you. You write that you need to read a lot of news and see when there is positive news and this means that the coin / token will grow. But this is not so, if bitcoin goes down, then everything goes down, if it goes up, everyone sells their violas and buys a cue ball. And only when there is a flat that coins / tokens grow. In the falling market, news very rarely gives rise.

I only scalp on my favourite coin. I read news everyday and, if theres a major news that i know that can change the trend in up or down thats the time i scalp. I dont scalp everyday , i scalp only when i saw opportunity and reading news makes a really big help sometimes(buy rumors, sell the news). I just watch the bitcoin and the altcoin that i want to scalp. Just what you said if bitcoin goes down the altcoin goes down too. Then thats the point sell your altcoin when the bitcoin goes down then buy at lower price . And when the bitcoin goes up sell your altcoin and buy at lower sats. It always goes like that. Bitcoin and altcoin are corelative at each other so when you are trading or scalping always watch Bitcoin because thats your base on scalping at your altcoin.

[chocopapaya]

Down trend market is my favourite spot when im trading. You should be reading news everyday so that you can have an idea if the market will pump or dump. When its down trend its time to buy cheaper coin but, the problem is you got no money to invest anymore.

My technique is called scalping ,first thing i do is, ill see the sell order if theres a lot of huge sell order means the coin is dumping. second is ill find where i could properly fit my sell order where the buyers could easily buy my sell order first. My technique is, ill find the bigest sell order and put down below my sell order.

When my sell order is already filled i will find the bigest buy order on the list then, ill put my buy order above on it where i should be the one to be first filled .

On downtrend, i know you loss in profit already but the plan is, sell low, BUY LOWER to accumulate more coins or holding.

Then, when you successfuly find and hit the bottom on the buy order next thing you do is  sell it when the market pumps. Then repeat from the top. It will help you accumulate more coins even if your not investing money.

I hope this helps you newbies on trading. Please read carefuly 😊😊😊

I will add some things to this that are very important:

#1) You have to use an exchange that has HIGH volume.  Like really high.  I have tried a dozen exchanges and I would say the only viable ones to do this consistently are Binance and Poloniex.

#2) Your overall goal is to increase the amount of coins you have, so you need to look more at market fluctuation and short term trade history rather than price.  Follow the through line and see if there is any trading volatility.

#3) You can reverse this to increase the amount of of btc or eth you own if that is your goal.

By the way, why not just take out a small percentage of your paycheck from your normal job to buy btc when it's cheap? You can do both you know.