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Author Topic: How to trade when the dip keeps dipping?  (Read 880 times)
Mohondoa
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May 21, 2018, 02:26:21 AM
 #101

I think by always waiting patiently and monitoring the progress of coins in the market. For me that is enough with the current market situation right now.
I understand and be realize that many traders are disappointed with the current market situation, but we must always remember that everything will need a process, and we must always be patient.
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May 21, 2018, 02:33:54 AM
 #102

Not sure about anyone else, but I buy in the dip and then it dips further!  Is it best to just stay out and accept that it's all too difficult at this time?

Making a conscious effort to time the dips is a good start and you're on your way to profits. However, i would suggest that you buy dips close to the resistance levels.

What are resistance levels? You can google this and learn more about it but basically, it's where large buy/sell orders are placed and are the usual culprits that restrict the value of a coin from going up or down. Imagine a coin is going up in value from $700 to $750 but then at $750 someone places a sell order worth $1 billion dollars. Obviously, those selling at more than $750 will never get a chance to sell. This is the resistance level and you should usually try to place a sell order before that value. Same goes for buying dips, place a buy order just before the resistance level.

 
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adamlillian
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May 21, 2018, 02:50:09 AM
 #103

Not sure about anyone else, but I buy in the dip and then it dips further!  Is it best to just stay out and accept that it's all too difficult at this time?
yes, be patient when the market goes down. The more wonderful action is to buy more coins as it goes down dramatically. Be greedy when others are scared, it's a beautiful quote from Warren Buffett. because once it has come down to its actual price, it will certainly recover in the future.

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zmkriel
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May 21, 2018, 04:33:56 AM
 #104

That is why trading is a hardwork. For the trader to gain profits is to wait for the dip to buy coins and sell when the price is right. So just patiently wait mate if you want to earn profits from your coins. Patience is the key you’ve got since the market is still in red or have a weak hands and lose it all. That is the main reason why i became hesitant to enter trading business here in crypto world. Aside from it needs a lot of capital, i know i am not skilled enough and my patience is not that long.
21millionsbtc
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May 21, 2018, 04:54:19 AM
 #105

Dipping is a most common scenario   in Crypto trading where the market behaves unexceptional downtrends then we need to short sell or else wait for breakeven point
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May 23, 2018, 04:35:11 AM
 #106

Not sure about anyone else, but I buy in the dip and then it dips further!  Is it best to just stay out and accept that it's all too difficult at this time?
yes, be patient when the market goes down. The more wonderful action is to buy more coins as it goes down dramatically. Be greedy when others are scared, it's a beautiful quote from Warren Buffett. because once it has come down to its actual price, it will certainly recover in the future.
waiting patient sounds corny. The question is we all want to know when is the lowest price. I always buy red at different low price when coin’s falling.
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May 25, 2018, 04:36:01 PM
 #107

I hope someone got in on that ethereum short from $710+ to $585.

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May 25, 2018, 05:38:42 PM
 #108

Dipping is a most common scenario   in Crypto trading where the market behaves unexceptional downtrends then we need to short sell or else wait for breakeven point

This kind of situation that the dip is keeps on dipping is an opportunity of the trader to buy the coins and chose those with potential growth in the market place. Remember that crypto market behaives always this kind of situation but the recovery will come rigth away and will probably multiply the profit we gain from this situation. Because cryptocurrency market is unpredictable.
Rana590
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May 25, 2018, 05:42:32 PM
 #109

At the time of dip, you should buy more abd more. Trading is a risky way to make profit but you can make profit from it. Try to avoid trading at the time of dip and buy little amount every day.
gracer88
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May 25, 2018, 06:04:54 PM
 #110

At this time, it is better to buy a little-it is not clear how deep the market can fall. It is very difficult to trade in a falling market.

allohha
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May 25, 2018, 06:11:02 PM
 #111

At this time, it is better to buy a little-it is not clear how deep the market can fall. It is very difficult to trade in a falling market.
actually I'm very much I hope that for today we are practically at the bottom of the crypto-currency market. Perhaps no one will be able to endure an even greater drop in prices for crypto currency. Many investors have already lost a lot of their funds because of the large market subsidence.
AAlex48
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May 25, 2018, 07:10:19 PM
 #112

At this time, it's better not to trade.Or when the movement is locked in the corridor to state borders and try to act from buyers and sellers.
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May 25, 2018, 07:27:33 PM
 #113

Well, that's what stop losses are for, aren't they? I'm honestly always surprised to hear that most traders buy the dip, thinking they made the smart move, only to lose it all and more just buying more into dips. Get yourself straight first. You're a trader, not a holder. If you buy to hold, then fine, every dip is your cheaper entry point. But if you trade, keep to the basics. Entry point Exit point. Simple. Win or lose. Then you survive several dips until recovery happens.

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whaawh
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May 25, 2018, 09:03:19 PM
 #114

Well, that's what stop losses are for, aren't they? I'm honestly always surprised to hear that most traders buy the dip, thinking they made the smart move, only to lose it all and more just buying more into dips. Get yourself straight first. You're a trader, not a holder. If you buy to hold, then fine, every dip is your cheaper entry point. But if you trade, keep to the basics. Entry point Exit point. Simple. Win or lose. Then you survive several dips until recovery happens.
I think that it's worth paying attention to the careful study of a certain project, because big failures can talk about other things. In any case, you need to know the prospects of a particular coin, as well as follow the schedule of growth and decline in prices.
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May 25, 2018, 09:22:34 PM
 #115

That is why trading is a hardwork. For the trader to gain profits is to wait for the dip to buy coins and sell when the price is right. So just patiently wait mate if you want to earn profits from your coins. Patience is the key you’ve got since the market is still in red or have a weak hands and lose it all. That is the main reason why i became hesitant to enter trading business here in crypto world. Aside from it needs a lot of capital, i know i am not skilled enough and my patience is not that long.
Patience is mostly what have to do when the price keeps dripping, take that chance to buy more and hold strongly until it has a good price which can give you good earning and worth for your waiting. You have not sell in the dip because you might contribute for it to keep dipping. It is about hardwork and patient to have successful investment. You can set your desire price when to sell coins for you not to visit from time to time that might trigger you when you see much dips.

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May 25, 2018, 10:40:10 PM
 #116

Dipping is a most common scenario   in Crypto trading where the market behaves unexceptional downtrends then we need to short sell or else wait for breakeven point

I’d rather not to do day trading during the dumping market because there is possibilities that it will still go down. Trade for long when the market is dump because usually its a good time to buy more coins and hold until you make profit.
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May 26, 2018, 10:45:55 PM
 #117

Market is a a little unstable right now and it changes very rapidly. Even technical techinical analysis is quite difficult so I suggest you just buy some coins and hold it for a while until the market bwcomes stable again. It os the right time to onvest since the coins are cheap, just don't forget to divide your money into several percentqges when buying so hou will still have a remaining amount in case the market dips lower.
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May 28, 2018, 01:39:33 PM
 #118

Tere are two strategies when the dip goes dipper. If you believe it will goes dipper again then you could buy contract trade in okex or bitmex. Or if you want to do apot trading you can buy again 2x much you bought before and when it is bounce back you can sell it in small profit then wait again for another dipper.

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May 28, 2018, 01:49:40 PM
 #119

I think it is better to buy when the price of a coin falls and then wait patiently for the market to grow before taking any decision on the coin because when the market recovers, the price of the coin would have multiplied by the time you decide to sell and then you make big profit.
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May 28, 2018, 01:59:55 PM
 #120

Not sure about anyone else, but I buy in the dip and then it dips further!  Is it best to just stay out and accept that it's all too difficult at this time?
Buy on dips, if it dips more buy more and wait.
It can't always dip, at some point it has to raise. Right? Wrong? Maybe it will crash.  Grin
At this time, it's better not to trade.Or when the movement is locked in the corridor to state borders and try to act from buyers and sellers.
Dips are right moment to buy, everyone knows that. You don't want to wait for peak to buy, it is time to lose money.

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