Do's for trade in recent downtrend???

[Sir Cross]

We all know that we must not panic once there's a downtrend. If you can't handle your emotions, then avoid looking at the charts frequently when you see red. A good trader once gave advise to "go shopping" for cheap coins when there's a downtrend because it would be like a sale in a mall. Once the price goes up after the downtrend occurs, you would be able to gain good profit.

[1715261670]

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[1715261670]

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[kaya11]

It takes time and decent knowledge to earn your profit in the recent downtrends, it also includes how much luck do you have. I only trade 2 kinds of coins well that's easy to track and find opportunities with just a few coins to trade. At this kind of time, we must stay focused and calm, be cool and decide whether it is the time to let loose or pursue if you can still earn. Greed can sometimes give us very large amount of profit, but making sure that we lose less than we win more is better way.

[GoldenLad]

These are just part of what that have been said many times here in this forum but yet many traders believe that they are just words. Anyone that just jump into cryptocurrency trading without knowing the basic common rules, will end up jumping back out with an empty pocket. Trading sometimes can be complicated, it takes a patient trader to hit his/her first good profit.

[Dart18]

I got one which i think most traders forget or the new ones do not know.
If you are trading crypto to crypto then do not try to convert it to USD. Just keep on looking at the number of crypto you are gaining or losing.
We tend to forget that because we are looking mostly at the price of bitcoin and ethereum converted to dollars.
I hope it helps.

[nazaididuan1]

I am still losing money, I don't think my experience is useful!

I can only continue to hold my own digital encryption currency to wait for the price rise!

I won't sell my own coin, even if it's all zeroed out!

[MintCondition]

I am still losing money, I don't think my experience is useful!

I can only continue to hold my own digital encryption currency to wait for the price rise!

I won't sell my own coin, even if it's all zeroed out!

Sounds like you are in bad investment time. I believe cut loss is better than holding until it dumps hard but this depends on the token that you are holding. If that is a startup project with a good roadmap then hodl but if it's just a shitcoin that you randomly bought due to FUD. Then it is better to cut loss.

[samcrypto]

I think a good trader always have a good strategy to trade himself to apply.  I do trade for not so long time. I got a lot of experience I think. I have passed many times on the market. so I want to say few step on this downtrend market and let me know your experience as well please..

* Keep patience.  don't get panicked.
* Don't sell your coin on loss. Try to hold just wait for a move.


Let me share all your important experience and ideas please

This two thing is really matter for every traders and mostly your emotion should be more controlled.
Trade with your goals, don't panic and always think positive.

[Casabrandy]

I am still losing money, I don't think my experience is useful!

I can only continue to hold my own digital encryption currency to wait for the price rise!

I won't sell my own coin, even if it's all zeroed out!

Sounds like you are in bad investment time. I believe cut loss is better than holding until it dumps hard but this depends on the token that you are holding. If that is a startup project with a good roadmap then hodl but if it's just a shitcoin that you randomly bought due to FUD. Then it is better to cut loss.

Cutting loses will only matter when the coins are worth it. Classify first your coins before selling or holding it at first. Do research and don't panic too much. Everyone been too frustrated since 2018, make it easy Guys.

[myworkstrade]

I think a good trader always have a good strategy to trade himself to apply.  I do trade for not so long time. I got a lot of experience I think. I have passed many times on the market. so I want to say few step on this downtrend market and let me know your experience as well please..

* Keep patience.  don't get panicked.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
* Try to understand the technical analysis. where the support level is.
* Don't sell your coin on loss. Try to hold just wait for a move.
* Crypto is always a magic so please be patience it will move up on uptrend after all FUD.


Let me share all your important experience and ideas please

You have good  idea about that, but how do you justify don't sell your coin on loss? you mean cut loss? when you do trading the approach must be realistic and you should set your goals. your entry and exit. If you are aiming for longterm then its better to check for the fundamentals. Its not easy to trade but when you study and  analyzed facts and be wise on your trading you will be good trader. You know its okay to have bad trades, that is the main reason why trading exist and we learn more about trading. So just study and focus on what you do, and approach must have smart, attainable realistic time bound.  Earning with knowledge is the best experience ever. Good luck to you

[stronghands4lyfe]

I am still losing money, I don't think my experience is useful!

I can only continue to hold my own digital encryption currency to wait for the price rise!

I won't sell my own coin, even if it's all zeroed out!

Sounds like you are in bad investment time. I believe cut loss is better than holding until it dumps hard but this depends on the token that you are holding. If that is a startup project with a good roadmap then hodl but if it's just a shitcoin that you randomly bought due to FUD. Then it is better to cut loss.

Cutting loses will only matter when the coins are worth it. Classify first your coins before selling or holding it at first. Do research and don't panic too much. Everyone been too frustrated since 2018, make it easy Guys.

I believe you meant when the coins are not worth it, and in my short time of trading I have only cut two coins at a loss worse than -50% and to this day those coins remain underwater. Sometimes it is worth it to cut coins, also don't forget that by being in one coin you may be missing opportunities elsewhere. Only cut if you have a game plan though, don't cut willy nilly.

[Happiest]

Its unfortunate how most people knows about this and still make mistakes. This just makes you realize that most people are screaming HODL! HODL! But still don't act on it and still losses money. Even some people don't know about trading but still goes into. OP, these are just the basic rules. Anyone who truely Understands most deeply understand these basic rules. Trading and holding of bitcoin or any other cryptocurrency requires learning to make good ptofit in it. If you learn, you find your tactics that suits you.

[bering]

indeed those are the important things when facing downtrend but those can be done if people already have a lot of experience in trading because new comer traders always be trapped and never consider to being patience while the price fall and they only want instant money and if they facing downtrend situations usually they will starting to being panic and fear to lost all of their asset which is eventually they will lost all of their money

[gezhid008]

When the market falls, we don't listen to false news, and we do what we do because of panic selling.

We should look at the market correctly, and there will be ups and downs, so we need to keep a normal mind to look at the problem.

The market will always recover and can buy some COINS when the market falls.

[raven.tiu17]

When the market falls, we don't listen to false news, and we do what we do because of panic selling.

We should look at the market correctly, and there will be ups and downs, so we need to keep a normal mind to look at the problem.

The market will always recover and can buy some COINS when the market falls.

Agree there are people who keeps on spreading false news or FUD, don't get panic even if the market goes wildly deep. Once the market gets back then we can sell our coins and buy back when the market gets bearish that's a simple thing we can do for now.

[Indrawan77]

Yeah it's hard to be stay sane especially if the price is already fall to deep and the best thing to do when the market fall is relax and dont influence other to sell or spread fud news, but need to pay attention when you are investing in alt coin, need to pay more attention when the market is down, because some of the coins won't be able to comeback no matter how long you wait, so market research is very important when the market is down to see the coins ability to bounce back

[MintCondition]

I am still losing money, I don't think my experience is useful!

I can only continue to hold my own digital encryption currency to wait for the price rise!

I won't sell my own coin, even if it's all zeroed out!

Sounds like you are in bad investment time. I believe cut loss is better than holding until it dumps hard but this depends on the token that you are holding. If that is a startup project with a good roadmap then hodl but if it's just a shitcoin that you randomly bought due to FUD. Then it is better to cut loss.

Cutting loses will only matter when the coins are worth it. Classify first your coins before selling or holding it at first. Do research and don't panic too much. Everyone been too frustrated since 2018, make it easy Guys.

If you are not reading my post before you quote. I already stated that you must analyze first if the coin you are holding is worth it to hold despite of price drop or not just like bitcoin. But if it's just a shitcoin then no need to treasure it. But I never do cut loss since I'm only buying major Altcoins and never buy a shitcoin.

[Tanmoy98]

At this time every crypto investor have to holding their coins until the price is rise up again.The price of crypto coins will recover soon.So not selling the coins just hold it.

[t2yax]

It is all about holding, we can see what happened in bitcoin after a few years. We should expect something gonna happen. We should always our ownself, when to hold or convert. We always o panic when we know that the value of out coins become lower. We should not go with the flow, but we must think twice or thrice before converting or holding.

[bocyaj]

I will buy some bitcoin only at the downtrend.To get more profit It's better to buy at low price,if any peak occur.I will sell certain percentage of bitcoin to get some profit and I will make a party with my friends.My suggestion for trader is to buy when the price reduces.

[Bushrat Jahan]

I will choose to continue holding. If I sell it now, then my money will suffer. And I think it will go up in the near future and I am very optimistic about it so I will not sell it.

Obviously your decision is very good. I am also holding my all crypto currency and wait for pumping. I also optimistic that those will give me more profit.