Hello traders

[XIANNE25]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

[nydiacaskey01]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

You already committed a mistake when you bought coins during bearish times. When I see majority of the coins are in Red, I don't buy anything and I don't sell anything. I'll just start trading when the coast is clear. However when I see 60% are in Red and the remaining coins are in Green I'll start buying but I'll check which one is the biggest loser of them all, I'll list down at least the bottom five and check which one is the lowest volume, check price history for the past 7 days, then use tools like RSI and Parabolic SAR then I'll decide which one to buy. It's just me, its still up to you on what to do with your money.

[Sony.UK]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

I think you are not a active member in this forum because still bearish market is continue to dip so your not gain in current situation. My suggestion is you should hold for long term you will earn more profit and if you sell in end of the year you make profit. But day by day you are confused in your investment you will loose your hope then finally you will loose the investment.

[supermine]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Better to hold all your crypto currencies for longer term until the prices go up.I don't find any reason you have to sell now so be patient one day the prices will go up hopefully or if you want to start trading with your coins then you can increase your crypto currency amount but it is still riskier if you are new to the crypto world.Or invest that amount into some passive earnings like lending then your investment will be safe and you can get more of your coins while the mean time.

[AnonBitCoiner]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

HODL. Holding is the one option you have now to get out from loss.Now the price is expected to raise to 7000$ by tomorrow.If you had brought below 7000$,you can sell now. Orelse just hold your valuable bitcoin.Actually the new traders not analysis the market past and now.And sell due to panic.They must stop to sell at panic situations.

[akram143]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Yes it is little tougher but I can understand your situation if you don't spend a lot of time with you analysis then the profits are in the question so make confident and spend some time with your investment and for your investment this is my opinion.

[danherbias07]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Nothing.
Did you just guess what coin you bought?
If that is the case then I think you will have a lot of problems. But if not, then you might have some chance.
Give us some details.

Is it just a token of a recently finished ICO or is it from the old coins that are out there?
Anyway, you will just have to wait and if you are following them in social media then better take a look at it.

[Zianingbu]

In this sphere everyone has his own strategy. We need to study the graphics very well. Try to watch video training on the charts. I like that I found such a video on YouTube.

[fiulpro]

Well it depends upon what you brought in the first place.
If it's Bitcoins, litecoin or etherum then I would say hold on.
If its some other coin with no means of getting up again then I do think that you should wait for the right time and sell them.
The altcoins have no future ( most of them ) and they just keep on accumulating thus I do think that's it's best to buy the ones acceptable all over the world and then hold , holding something you know nothing if it's safe or not or if it's gonna make a big Mark or not is too risky.

[XIANNE25]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

You already committed a mistake when you bought coins during bearish times. When I see majority of the coins are in Red, I don't buy anything and I don't sell anything. I'll just start trading when the coast is clear. However when I see 60% are in Red and the remaining coins are in Green I'll start buying but I'll check which one is the biggest loser of them all, I'll list down at least the bottom five and check which one is the lowest volume, check price history for the past 7 days, then use tools like RSI and Parabolic SAR then I'll decide which one to buy. It's just me, its still up to you on what to do with your money.

Thanks for the tips dear..this is very helpful..and now I know

[XIANNE25]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

HODL. Holding is the one option you have now to get out from loss.Now the price is expected to raise to 7000$ by tomorrow.If you had brought below 7000$,you can sell now. Orelse just hold your valuable bitcoin.Actually the new traders not analysis the market past and now.And sell due to panic.They must stop to sell at panic situations.

Noted..thanks for contributing ur ideas

[XIANNE25]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

I think you are not a active member in this forum because still bearish market is continue to dip so your not gain in current situation. My suggestion is you should hold for long term you will earn more profit and if you sell in end of the year you make profit. But day by day you are confused in your investment you will loose your hope then finally you will loose the investment.

Hehehe I just applied the simple strategy as what they said..buy low and sell high.when I think it was low then I started to buy..i dont expect it goes lower and lower.when I check them again big loss already..hehe ..so now I still keep them and waiting for the pump

[cydrix]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Think again if you think you cam afford to lose that then so be it who knows it might make you rich but probably also lose all that into a shitcoin by the way since your talking about your coin mind if you share what it is? Who knows it mught help you.

[manggis97]

If you already loss more than 50% the best thing to do is just hold it and use that your coin for long term investment.  Forget about that your coin in 1 years . In the long term many predict the market cap of crypto possible to go $20 trillion and when that happen all price of crypto will going by multiple times.

[yanto@1977]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Leave the market until the price comes up again is the right option. I only suggest you to learn technical analysis using long term period because if you use short/ medium you'll not have enough time to see market. Everything have solution, just ask and try it with your style. Trust no one, follow your strategy and good luck to you.

[alfs75]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Trading is not an easy job,especialy in this bearish situation,maybe you are  right of buying and collecting more kinds of crypto coins,but doing an investment trading as of now is not much more  profitable ,even you still monitor the price value  in the coin market cap and follow the fundamental analysis,because at this momentum markets is still in dump situation and all crypto coins is in red zone,thats why for us now its better you must hold all your investing crypto coins  and wait the bullish moment coming this remaining months of this year.

[tadung8790]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

Trading is a big risk. If you are not careful and spend a lot of time on the transaction to be able to promptly stop loss, you can lose a lot. The market is adjusting very strongly

[tung06081989]

now i think you shouldn't cutloss,you should hold it,now the market fall deep and i think it is very difficult to the market continue fall deep,the market will recovery again soon,now not for sell,now hold and if you have free money you can buy more eth or btc

[Ararbermas]

Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?

actually buying alt coin in bearish is a good idea, but i suggest mate to put efforts studying the pattern of coin before jumping into it for the sake of your money.  'cause that's the common problem here in crypto market especially beginners .which is always buying without specific information about the coin if it has a potential to hold in different manner.  So must gain more information first by doing technical analysis if you don't want to happen it again . 'cause that is the most important when it comes buying cheap coins in the market.

[kyle999]

You can buy altcoins at low prices as the altcoins are now low.I think you need to buy and hold altcoins Because I can not afford to trade in time now that you just need to hold and make sure you buy the low price.