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Author Topic: What to do when the market is full of red  (Read 3069 times)
sakkosekk
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October 27, 2017, 11:37:43 PM
 #1

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
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Traslavin
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October 28, 2017, 04:59:53 AM
 #2

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
I feel the same way too. Its when your ready to make a trading and wanted to sell your coin because you really needed to trade but suddenly you saw those red lines on the market, it was totally sucks. But due to a reason you really needed to trade because of emergency reasons there's nothing you can do but to make a deal with those red lines. But if there's no such valid reason to trade during those red lines I swear I wouldn't take the risk.

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October 28, 2017, 05:02:58 AM
 #3

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
Selling while it's red is a bad move. I mostly do that before but now, instead of looking at the market dropping, I drop my phone and go out to relive the stress of seeing my portfolio drop. Recently I have sold half my coins at half of the price it currently is now because of loosing temper and because I thought it will keep droping but I was wrong. It's best to keep coins and hodl them for longterm if you want profit.

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winnersss
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October 28, 2017, 05:18:16 AM
 #4

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
Alts and will fall, look at the price of bitcoin. People do not want to sell bitcoins, so prices have fallen even more, one ether is holding on to the edge. The main thing to believe.
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October 28, 2017, 05:37:52 AM
 #5

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

few times bit coins and alt coins price going to high and going to low. so in that situation we have to do best and better job. if you get loss then try to sell your bit coins and buy another coins. present bit coins is best for buying so try to buy it once. in the market really bit coins has great demand, so try to buy it. generally alt coins not get in to loss but few times it may happens.
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October 28, 2017, 06:21:22 AM
 #6

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
As day trader you should first watch daily/weekly the movements, before you turn in panic modus. You could also place stop loss orders for protection against loosing big amounts. But generally, if you didn't buy shitcoins, price risings are still expected on longterm.
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October 28, 2017, 06:28:55 AM
 #7

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

I would buy more coins or hold it if all coins are in red as we knows that it's not permanent but if you need money then you can sell small percentage of your investment and hold the rest and wait for the pump then sell. You should only investment in altcoins if you are planning to hold it for long term. 

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October 28, 2017, 07:01:03 AM
 #8

you have to sell when you speculate there will be a dump (red) in the future and sell before it happens. that is called being a good or experienced trader. of course it is not always possible to predict these things specially not much ahead of time but you have to be able to do it most of the times.
those other times when you can't predict them you have to act fast by selling your altcoins before it gets too late. by doing that you protect your investment and then buy back at the bottom if you like.
this requires watching the price, looking at charts, even have alerts and also listen to the news.

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October 28, 2017, 07:04:05 AM
 #9

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
You must controll your temper when it comes to trading. Never sell at red wait for your coin to back to neutral or green before selling your coin. But, if it's continueing to go with red never sell at - 20% mark. Or you should buy some more altcoins then sell at high.

Mahirap
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October 28, 2017, 07:07:33 AM
 #10

what to do when markets is full of red ? of course you need to cut your losses and then buy it back in the bottom,
but the real problem in here is most of it you sold it at the bottom and when you want to buy it back,
the train was leaving you alone,so what should you do ? of course you need to take some rest if you can not do that.
have you try to do something like research before ? if you did that and still get caught by it which mean you're not good enough to control your emotion.
it would be better for you to hold it until it goes higher than your buy order,
in brief you need to take a vacation or rest whenever you see the market or your portfolio underwater,
just set your sell order and take some rest from cryptoland,it's the best way to minimize your problem and losses

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October 28, 2017, 07:35:05 AM
 #11

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
I feel the same way too. Its when your ready to make a trading and wanted to sell your coin because you really needed to trade but suddenly you saw those red lines on the market, it was totally sucks. But due to a reason you really needed to trade because of emergency reasons there's nothing you can do but to make a deal with those red lines. But if there's no such valid reason to trade during those red lines I swear I wouldn't take the risk.

 "But due to a reason you really needed to trade because of emergency reasons"- trading with the mindset of any emergency,  is the beginning of failure because when the market refuses to go the way a trader evisiage, it leads to impatient.



I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom
Selling while it's red is a bad move. I mostly do that before but now, instead of looking at the market dropping, I drop my phone and go out to relive the stress of seeing my portfolio drop. Recently I have sold half my coins at half of the price it currently is now because of loosing temper and because I thought it will keep droping but I was wrong. It's best to keep coins and hodl them for longterm if you want profit.

Yeah really this is the spirit to do well in trading , "instead of looking at the market dropping, I drop my phone and go out to relive the stress of seeing my portfolio drop".
I think it is nice to relieve your pain outside rather than gluing to your phone and wishing that market starts to conform immediately.

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October 28, 2017, 07:44:58 AM
 #12

Well, that's really obvious you just wait till the price come back with seeing other coins you are probably interested to trade while you are waiting your coin back. Rather than being stressful because you are lose and that's good to have alternative source because with these you can recover your lose if any.

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October 28, 2017, 08:08:29 AM
 #13

All reds in crypto markets is a blessing since you can buy coins at a discounted price and can sell for a higher profit in a short amount of time. If a market is proven to bounce back after several beatings, it would be unwise to sell at a loss. Patience is a special trait that one must possess in trading cryptos.

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October 28, 2017, 08:08:36 AM
 #14

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

I've already lost my investment after doing the same thing but i promise to myself that i will not do it again. As trader we need to control our emotions, the word hold is very important. Don't lost your control and do the right thing, be patient.


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October 28, 2017, 08:54:40 AM
 #15

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

Nothing you can do about it mate. It will get worst if you are too emotional about it. In trading you have to check your emotions at the door because if you really cause you a lot of pain seeing them all red and you might thinking of just selling it but you have to think that selling will just make you lose more of your investment instead of just hold.

So to not get irritated or lose your temper, I think you should stay away from checking the prices all the time and just hodl on your coins and do not sell it. And if you are seeing it going red, its just temporary and hope that by tomorrow it will changed and go green once again.


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October 28, 2017, 08:58:43 AM
 #16

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

ya bro red is trouble but dont panic, they will green,
now i have 1 concept, not sell except i get profit. i

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October 28, 2017, 09:00:01 AM
 #17

All reds in crypto markets is a blessing since you can buy coins at a discounted price and can sell for a higher profit in a short amount of time. If a market is proven to bounce back after several beatings, it would be unwise to sell at a loss. Patience is a special trait that one must possess in trading cryptos.

People don't tend to realized that you have to look and think outside of the box, if the price is all getting red, then its a perfect opportunity to buy because the price is at a discount. Think of it as if there was a weekend sale or something. Just go and buy more at low price and just hodl, and when the price of it go high in the future, then go and sell it. That's how someone makes a good profit out of a red situation. And if you are affected by the price movement specially seeing it going down, then crypto trading is not for you, because the first thing you need to learn specially in trading crypto is to control your emotions.


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October 28, 2017, 10:03:32 AM
 #18

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

Losing your temper is some thing that you must control in trading. If you lose patience then you are a dead trader - patience is the key to successful trading. Currently because of the forking altcoins were being sold and bitcoin was being bought. I dont know how far that has actually taken place.

Quote
Alts and will fall, look at the price of bitcoin. People do not want to sell bitcoins, so prices have fallen even more, one ether is holding on to the edge. The main thing to believe.

Not all alts will fall in price. It totally depends on what the whales are buying and selling. People do want to sell bitcoin - specially the panic sellers but most people want to hold it.


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October 28, 2017, 10:27:21 AM
 #19

I often lose my temper when altcoins drop sharply.
And in general, I sell altscoin at the bottom

Previously, after I found out that the market is red, sometimes I get angry too but most of the time I became sad not only because the price is going down but pf course I can do nothing to make the price rise again. Then lately I notice "trading". I also notice that life is not all about selling. I cam also buy coins that most have a chance to rise its price like bitcoin. So since that time, when thearket is red I buy coin then I wait for the increase then I sell. But still I am not so good at it. But I find it effective slight difficult to monitor the market since I do not have good internet connection always.

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October 28, 2017, 11:04:22 AM
 #20

That's just the nature of cryptocurrency. Some days it will be all red, some days all green. Look at the prices over month long averages, not daily ones.

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