deonyx (OP)
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May 28, 2018, 03:02:10 PM |
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I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.
So I'm wondering what is the best way to handle a downtrend situations?
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4abrec
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May 29, 2018, 09:32:55 AM |
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In fact, if you are actively engaged in trading altcoins, you can be sure that even the downtrend will not scare you. But for this you need to understand what kind of coins you trade.
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wayancrypto
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May 29, 2018, 09:38:56 AM |
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When any indicate the market will continue drop, as day trader should be cut loss it as soon as possible and buy back at lower price, but to do this action we need times full times to analysis the price action of crypto, and we should have more knowledge about technical analysis to predict better where the price will to go.
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monalia
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May 29, 2018, 09:51:55 AM |
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I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.
So I'm wondering what is the best way to handle a downtrend situations?
Day traders also affected in current situation but they know how to manage the situation. So some investment is make huge loss and some investment make huge profit so both are possible in crypto investment. If you want to try day trading this is not a time because current scenario is unpredictable
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ahoenk
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May 29, 2018, 01:58:32 PM |
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Day trader usually handle down trend buy averaging trading. Buy 10% of your portofolio and if the market going down again buy 10% more. And when it bounce they sell it at very small profit. Or sometimes people did arbitrage in this down. Arbitrage need more money for starting.
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Sanjida
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May 29, 2018, 02:28:36 PM |
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Hi I am a Jr. member but some days ago I joined in trading and i am not handle downtrend day trader.i try my best but I need all day trader help.
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Chicryptomama
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May 29, 2018, 02:43:24 PM |
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A lot of altcoins are tied against BTC and it is extremely important to know how to hedge or protect your funds...knowing how to will help you survive in the cryptosphere.... So always try as much as possible to understand the BTC market trend. Always have like 40-60 percent of your funds in btc so that you can swap your btc to usdt when it is about to enter a downtrend....Also, you can average down your bets.....meaning buying intermittently at every 5-10 percent down that way with a little pump you would have recovered your money quickly.
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DaMut
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May 29, 2018, 03:17:44 PM |
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If you are trying to handle it,everything that you need to know is its phase.where are we at right now ? and how far it will goes down.when we are in a downtrend,we will not see a huge crash directly but instead there will be many phase that we need to pass,for example ; when we were in $7200,we should break $7000 to create a huge sell off.the price moved down but it did not break that level but instead it bounced.that means that is the time for Bitcoin to get another upward movement and start another attempt in the future.when you're there you can buy some shit from your money and wait a pullback.
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deonyx (OP)
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May 30, 2018, 10:49:04 PM |
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Thanks to you guys for your replies, I will try to up my game in my trade, though at the moment the market seems very hard to pull through cos even technical analysis doesn't seem to be working because all the signals and predictions for BTC didn't match in reality, it still looks a kind of scary to dive into so maybe I will just be watching it for now and keep my portfolio for a long term trading till when I will be able to swing trade and make profit again.
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bettercrypto
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May 30, 2018, 11:01:51 PM |
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It is hard for a day trader to manage downtrend line specially, when Bitcoin market dumps too much. When there is a downtrend, I usually hold and wait till the current change. It is good to become day trader if the prices are pumping but I thing we cannot earn much if there is a bear market.
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roshanfious
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May 31, 2018, 01:48:53 AM |
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Don't put all eggs same place and 6 days win more than 1 days closed. And must know stop point, it's mean sell all when signal you see downtrend long time.
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Chris!
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May 31, 2018, 01:54:08 AM |
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Shorting. Look it up. I wouldn't suggest it for the long term.
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RasicaOla12
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May 31, 2018, 04:13:05 AM |
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I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.
So I'm wondering what is the best way to handle a downtrend situations?
This is the bearish wave that occurred after the market rallied before and many stocks in the market witnessed a steep decline lasting several months.During the Downtrend, there will always be waves called Downtrend.
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pooya87
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May 31, 2018, 04:31:16 AM |
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when you are trading altcoins, whether it is a downtrend or uptrend everywhere else you must look for an altcoin that is on the rise aka getting pumped. and there are quite a lot of them out there and at least 5 are getting pumped every day. you find these, invest and pull out before the peak and make profit. move to next and do the same to make more profit. if you can't then stay away from the market, cash out and wait until you can speculate the market and then come back in. nobody is forcing you to trade every single day.
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pumbum
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July 04, 2018, 03:55:20 PM |
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it is impossible to determine the reversal when the market is growing. I think we need to think from logic that we can not be greedy. If you made a profit in 2-3 weeks of trading in a growing market, then just exit the market in BTC or better in USDT, and just wait for the cheap price of coins. No need to try to keep up with the market, it is still stronger than you. And you just need to take and leave
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bittraffic
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July 04, 2018, 04:08:00 PM |
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I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.
So I'm wondering what is the best way to handle a downtrend situations?
Can't you do the same thing like buying USDT and then at the very bottom you buy back? I don't do that myself as its easy to trade when price are rising but its easier to buy when you see the price hit the bottom twice. But the usual that traders do when the market is all red is to buy the tether.
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mbm_ico
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July 04, 2018, 10:13:35 PM |
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In the descending market, you can either just not touch your crypto currency and wait until a new wave of growth begins. Or you can trade against the main trend and make a profit even during such serious falls.
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Greed Dev
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July 04, 2018, 10:22:22 PM |
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I trade Alts against BTC as a day trader, when the market is all green we were able to make nice returns ranging from 12% to 25% on a single trade. But during a severe downtrend market all our profit including capital goes down into it and it practically indicate we are at loss.
So I'm wondering what is the best way to handle a downtrend situations?
I will travel on the red market days. I think that's a great way to deal with a Downtrend. I'm not an experienced trader. So I will never trade in these days
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Sinone
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July 04, 2018, 10:39:56 PM |
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The downtrend is a normal matter. Every trader knows about it. When the crypto market goes down, Especially I try to buy more coins. Like EOS Coins present price 0.020, if this price will go 0.015 then I will buy EOS through my all money! And then I will sell them when EOS will back to 0.018 or more. This is my formula for daily/Short-term trade
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vv181
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July 04, 2018, 10:47:18 PM |
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shorting. Or wait a few days until the market recovers since if the markets are bearish, my stop-loss is executed. Then wait for a new opportunity to jump in.
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