BUY high sell low ?

[kafiddrhman]

Emotion Management  ...

   

Good picture, I still do not understand the contents.
Does all readers understand the intent of this image? I doubt.
You should insert information to be more easily understood.

If you don't understand that image by youself thanyou really shouldn't trade anything! Its pretty straight forward itz like saying I don't understand a chart...

At least I get experience / new knowledge from this picture. But i did not get any.
I'm not very smart in managing emotions, I just know traders must be patient and do not panic. That's enough for me.
thanks.

I also do not really understand the method of emotional management, but this is very useful for evaluation.
Basically for me just know the basic trading is to buy cheap and hold for a while, then sell it when the price goes up of course this is to gain profit in the trading business.

[Rizky Aditya]

or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform

Yes, many noobs start their trading by buying high and selling low. Even i firstly started by buying coins when it pumped and then gradually i sold them when they were low. This was the worst mistake i did. Even if the coin is low and you want to sell it at at least the price you purchased then you can just give your buy/sell order and wait until it really makes a trade

[fullhdpixel]

patience always wins on this market.

Quite right but you also have to be wise in choosing which altcoin to invest or your patience would end up waiting for a dead coin. That's where your research and preparation would come in because for reliable coins, patience would be a big factor in determining if you lose or not.

That's right, because not all altcoins have good potential in the future and that patience very suitable to use for altcoins that have good potential, but if that altcoins do not have good potential we better sell before the price is crash, although we not earn a good profit in that sale.

It is very difficult to guess which alt coin will become the road in the future. I prefer to trade coins quickly. I do not buy alternative coins for long-term storage. For these purposes, I buy only bitcoin, because I trust this coin

You are not fully correct. There is not only bitcoin to start trading. Trading with bitcoin is a lot time consuming and can't be proffered by newbie. Altcoins like ETH,DASH,DOGE,etc are also good to start trading. If the price goes much low and you want to sell at high, you can start to place buy/sell order and wait until it sells.

[fanbeila]

or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform

Buy low ad sell high is the basic trading rule.

Another rule is given by warren buffet,,"Buy when every body is selling in panic and sell when every body is buying due to FOMO"

If you don't do any analysis and just buy due to FOMO,then you have no other option except to follow the rule "Buy high and sell low"

[AngelSky]

or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform

Buy low ad sell high is the basic trading rule.

Another rule is given by warren buffet,,"Buy when every body is selling in panic and sell when every body is buying due to FOMO"

If you don't do any analysis and just buy due to FOMO,then you have no other option except to follow the rule "Buy high and sell low"

Ya it's true so.Many use this rule to happen so.Use to buy with low cost and sell it to very high cost.Don't try to Buy at today price. Since today price of is Bitcoin is high .No one can judge the Price of bitcoin. One thing can be judged .At particular day like August 1 ,the variations towards the Money.

[ocid]

Someone who tries to sell at a price higher than the previous purchase price will certainly be a loss because nobody wants to buy your Bitcoin well above the market price unless the buyer really needs it.
Things like that can be very detrimental in the trading system, maybe only people who can not control their emotions so they can not read the market price movements.

[Potato Chips]

Someone who tries to sell at a price higher than the previous purchase price will certainly be a loss because nobody wants to buy your Bitcoin well above the market price unless the buyer really needs it.
Things like that can be very detrimental in the trading system, maybe only people who can not control their emotions so they can not read the market price movements.

what are you talking about? How is selling at a price higher than the bought price will be a loss? on the contrary, if you did that you'll certainly gain profits because that is what

traders do. to be clear, of course you won't sell it immediately, you know about the fluctuations of cryptocoins right? what you'll do is to set a selling price and wait for it to come

after that you can now sell. controlling emotions if for minimizing risks and coming up strategies with a clear mind. if you want to read the market, you need knowledge and

experience

[guoyu78]

Someone who tries to sell at a price higher than the previous purchase price will certainly be a loss because nobody wants to buy your Bitcoin well above the market price unless the buyer really needs it.
Things like that can be very detrimental in the trading system, maybe only people who can not control their emotions so they can not read the market price movements.

The scenarios you are explaining is happening most commonly but I need to share my view here which is completely different from those your scenarios; when considering the huge prices of  bitcoins in coming months, I guess selling at higher prices than the bought prices must be considered as a loss but that loss yet to happen in near future !

[albertvert]

or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform

Buy low ad sell high is the basic trading rule.

Another rule is given by warren buffet,,"Buy when every body is selling in panic and sell when every body is buying due to FOMO"

If you don't do any analysis and just buy due to FOMO,then you have no other option except to follow the rule "Buy high and sell low"

Ya it's true so.Many use this rule to happen so.Use to buy with low cost and sell it to very high cost.Don't try to Buy at today price. Since today price of is Bitcoin is high .No one can judge the Price of bitcoin. One thing can be judged .At particular day like August 1 ,the variations towards the Money.

Yes.Trading rule is selling at high price and brought at low prices. You have to get through the price of bitcoin day to day. Once the price fluctuates to low value means brought the huge bitcoin at that time.It's sure the rate will increases again ,sell your holding at that time.

[jamids]

I think this happens in altcoin trading when the price is pumping and more people are getting in because of the sudden increase in price. Then the buying power is getting slower and in the blink of an eye there is a massive sell causing the price to decrease suddenly. Some traders panic selling low to stop their loss and then after a time price will increase again but they already sold it.

[boriswat520]

To me, I would say why we call some people trader is because they do have their professional knowledge onto the market and they do realize how should they do the research towards the market.
For people who just spot the price increase and would like to benefit from this trend is simply play by luck.
TO avoid buy high sell low, the most important point is you need to figure our a way to analyse the market and to predict the price change, it may not be correct, but i will anyway better than just buy or sell by your own feeling or listen to others simply.

And it does not only about crypto, the same theory applies on all the other traditional trading or even the success on every industry.

[MiXxe]

I think this happens in altcoin trading when the price is pumping and more people are getting in because of the sudden increase in price. Then the buying power is getting slower and in the blink of an eye there is a massive sell causing the price to decrease suddenly. Some traders panic selling low to stop their loss and then after a time price will increase again but they already sold it.

It also happens in bitcoins , and the traders who have lack of knowledge and control in emotion who mostly follow this uptrend and when it drop panic selling creates until losing ones funds .

[iram1011]

I think this happens in altcoin trading when the price is pumping and more people are getting in because of the sudden increase in price. Then the buying power is getting slower and in the blink of an eye there is a massive sell causing the price to decrease suddenly. Some traders panic selling low to stop their loss and then after a time price will increase again but they already sold it.

Pumping is done only for traping new traders who doesn't have much exposure to the market. In starting almost everyone falls for that. Understanding in trading comes with experience.

Doing a profitable cryptocurrency trading isn't easy. Cryptocurrency market is highly volatile, unregulated and decentralised which makes it tough to predict. Unlike stocks they aren't backed by the profits of a company. Anyone sells and buys at any price. Most of the people make loss in crypto trading according to my experience.

[chip1994]

or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform

Buy low ad sell high is the basic trading rule.

Another rule is given by warren buffet,,"Buy when every body is selling in panic and sell when every body is buying due to FOMO"

If you don't do any analysis and just buy due to FOMO,then you have no other option except to follow the rule "Buy high and sell low"

Ya it's true so.Many use this rule to happen so.Use to buy with low cost and sell it to very high cost.Don't try to Buy at today price. Since today price of is Bitcoin is high .No one can judge the Price of bitcoin. One thing can be judged .At particular day like August 1 ,the variations towards the Money.

Yes.Trading rule is selling at high price and brought at low prices. You have to get through the price of bitcoin day to day. Once the price fluctuates to low value means brought the huge bitcoin at that time.It's sure the rate will increases again ,sell your holding at that time.

Depending the supply and demand on market, example if you understand the supply on market more than demand, you can sell your coin and waiting the price falldown, because in this time not have trader can't continue buying. So falldown is possible and reasonable, not have control price on market.

[Sled]

Buy high sell low is the common mistake that has always been done by the newbies in the world of cryptocurrency because they get victimized by the hype of whales because we all know that the whales has the power to control the market because of the huge money that they can use to control the supply and because of that they can create fake movements in the market that can trigger the emotion of the newbies and ending up in buying high and selling low.

[Ronaldcoin2017]

Buy high sell low is the common mistake that has always been done by the newbies in the world of cryptocurrency because they get victimized by the hype of whales because we all know that the whales has the power to control the market because of the huge money that they can use to control the supply and because of that they can create fake movements in the market that can trigger the emotion of the newbies and ending up in buying high and selling low.

i agree but i think it is not common if we are speaking about mistake .because everyone os not that fool to buy high and sell low? That was really funny only fool well do that kind of mistakes.

[nicolas1979]

or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform

To control emotion need hard work and patience, not easy to do that. Practice with little money on the real market is the best choice you have, repeatedly until you can control emotion. The second way to control emotion is disciplined with your strategy when buy, sell or hold never look back again and just do it. But if you only get lose every trading you do, please close your pc and say good bye. Good luck.

[Hamphser]

or may be buy low sell high ?

Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest

how to control this ? = put orders (buy/sell) and close the platform

To control emotion need hard work and patience, not easy to do that. Practice with little money on the real market is the best choice you have, repeatedly until you can control emotion. The second way to control emotion is disciplined with your strategy when buy, sell or hold never look back again and just do it. But if you only get lose every trading you do, please close your pc and say good bye. Good luck.

It does really need hardwork and patience and also experience for you to be successful on trading world and emotions would really be a great factor that would really affect you along the way and it cant really be avoided specially when we do see we lose our money. Buy low and sell high is just really a basic thing on trading but it would really be crucial to make any decision anytime.

[MWesterweele]

patience always wins on this market.

Yes. If you ever want to excel on one thing. Just bare in your minds that we need to stay patient no matter what happens. I may sometimes a bit tiring if we wait for a coin to pump for so long. But i believe it is worth waiting for.

[illinest]

patience always wins on this market.

Yes. If you ever want to excel on one thing. Just bare in your minds that we need to stay patient no matter what happens. I may sometimes a bit tiring if we wait for a coin to pump for so long. But i believe it is worth waiting for.

This is basically the case with all markets. Smart money (deep pockets) can always wait out the markets. That's their major advantage over us small fish. The big players can slowly accumulate a coin or a stock for 2-3 years, while the small traders are all worried the bottom is going to fall out. Then the pump comes.

Patience always pays. This is why if you are trading for a living, you need to have at least 2 years worth of living expenses tucked away. You need to be able to wait out the market, and let your positions play out.