Hunnykaushal31 (OP)
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December 19, 2018, 01:58:19 PM |
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Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
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CryptoMobster
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December 19, 2018, 02:10:22 PM |
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Makes sense but there is no really TA to you method. what do you do if it keeps dipping, or if you bought in the downtrend, you really need to discover that first before buying anything
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LeGaulois
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December 19, 2018, 02:52:35 PM |
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He is just describing the first rule while trading "Buy low sell high" nothing more, and that's something we all know otherwise you will be in bankrupt. The fact that you can manage your loss by buying more if a dip continues is also well-known. (you also extend the risk period and total amount)
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Kemarit
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December 19, 2018, 03:39:27 PM |
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The only downside is that you don't know when the price has reached the bottom price before you go and and purchase and you also have to identify when is the best selling price you need to more and dig yourself with TA to be able to get a good success rate with this strategy.So its important to watch and price and identify the best buying points to at least mitigate the risk. For newbies, its really good to just buy and HODL before you learn how to play with the market.
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Hunnykaushal31 (OP)
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December 19, 2018, 03:52:33 PM |
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The only downside is that you don't know when the price has reached the bottom price before you go and and purchase and you also have to identify when is the best selling price you need to more and dig yourself with TA to be able to get a good success rate with this strategy.So its important to watch and price and identify the best buying points to at least mitigate the risk. For newbies, its really good to just buy and HODL before you learn how to play with the market.
Yes, If someone is newbie then learn trading with small amount. Do not put your whole amount during learning period. |
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Hunnykaushal31 (OP)
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December 19, 2018, 04:00:03 PM |
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He is just describing the first rule while trading "Buy low sell high" nothing more, and that's something we all know otherwise you will be in bankrupt. The fact that you can manage your loss by buying more if a dip continues is also well-known. (you also extend the risk period and total amount)
Yes, this is very basic rule which i tried to explain and never put all money during your learning period. Try with small amount first, once you are expert then play big games. Note : even experts can fail  |
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Omega Weapon
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December 20, 2018, 02:38:47 AM |
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He is just describing the first rule while trading "Buy low sell high" nothing more, and that's something we all know otherwise you will be in bankrupt. The fact that you can manage your loss by buying more if a dip continues is also well-known. (you also extend the risk period and total amount)
Yes, this is very basic rule which i tried to explain and never put all money during your learning period. Try with small amount first, once you are expert then play big games. Note : even experts can fail You are trading intuitively and while that can be possible if you know very well the coin you are trading it is not the best way to do it, a newbie trader in my opinion will get better benefits learning technical analysis because if he begins to trade in the way you are describing he will create some habits that will be difficult to get rid in the future and that will hinder his growth as a trader. |
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CoopHarley
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December 20, 2018, 02:57:21 AM |
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very helpful with me. thank you
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mk4
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December 20, 2018, 03:12:43 AM |
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These "tricks" you've listed really aren't "tricks", they're pretty much just generic trading advice. Not to mention these "tricks" shouldn't apply to every situation. It hugely depends in many factors. 2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
Just automatically selling after you've seen you've gained profit isn't always the best thing to do. Sometimes it's better to ride out the wave up, wait it out, and sell after a slight dip. Again, it depends on many factors. 3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
If you have $300 left, it isn't preferrable to go all in with the $300 on a certain price point. most of the time it's better to apply Dollar-Cost Averaging [1] all the way down, as there's no way for us to know if your price target is the bottom or not.
[1] https://www.investopedia.com/terms/d/dollarcostaveraging.asp |
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CryptoMobster
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December 20, 2018, 09:56:27 AM |
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These "tricks" you've listed really aren't "tricks", they're pretty much just generic trading advice. Not to mention these "tricks" shouldn't apply to every situation. It hugely depends in many factors. 2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
Just automatically selling after you've seen you've gained profit isn't always the best thing to do. Sometimes it's better to ride out the wave up, wait it out, and sell after a slight dip. Again, it depends on many factors. 3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
If you have $300 left, it isn't preferrable to go all in with the $300 on a certain price point. most of the time it's better to apply Dollar-Cost Averaging [1] all the way down, as there's no way for us to know if your price target is the bottom or not.
[1] https://www.investopedia.com/terms/d/dollarcostaveraging.aspExactly my thoughts, no real method to the madness as such |
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cokroalif
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December 20, 2018, 11:15:52 AM |
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everything you put forward is a natural thing, because it has all been done by pro and new tranders, which are important in carrying out the world of digital commerce that is anticipating losses that might occur at any time, because the market moves very fast and difficult to predict
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Tytanowy Janusz
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December 20, 2018, 11:44:25 AM |
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It will work till first failure. First coin that will not bounce will zero your porfolio after months of buying more. Risk that you take in this strategy is similar to hodlers strategy ( https://bitcointalk.org/index.php?topic=4456137.msg39881422#msg39881422). 100% of your portfolio. And you have no quarantee that your coin is good even if you did best research because.
1- whitepaper is just a document with words. It can be copierd and change a little. Faked. I can create myown whitepaper in which ill write that tommorow ill be on mt everest.
2-team can be faked with fake twitter account with bought fallowers
3- code - who of us can check if code is ok? How many of currencies have working code now? Most of them are just concept without working product jet.
4- hype can be bought.
5- beeing uniqe dasnt give you certainty of beeing uniqe forever. 1 month after your investment there can be new ICO with better team, bought hype and with working product delivered faster.
6- you are newbie and you did fundamential analys wrong or didnt do at all just jump after hype or because someone said that its great investment
7- there are 1600 coins. More than 1400 wont survive next few years because they are not neseesary. Your decision must be precised and full of luck
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Gloverwrt
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December 20, 2018, 11:53:07 AM |
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These "tricks" you've listed really aren't "tricks", they're pretty much just generic trading advice. Not to mention these "tricks" shouldn't apply to every situation. It hugely depends in many factors.
I was going to say exactly that, this are not tricks, rather basic guidelines which are very common, and over emphasized. A trader has to be flexible, especially when handling different currencies. Tricks oe strategies do not apply for every coin or token as they are all unique. As a trader look for the strategy that works for you and stick to it. |
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pundit
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December 20, 2018, 01:01:43 PM |
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Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
Averaging is not a good idea in trending market as bottom or top is not certain in that case, suppose one started buying BTC at $10k then where should he buy the last lot noone knows, if you are a trader you should have proper plan, suppose at some point you analysis says buy then buy and put a strict SL and TP if SL hits then look for another opportunity, if you are a long term investor then you can buy and leave it for next few years till position comes into a good profit. |
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pinkpanther03
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December 20, 2018, 03:14:43 PM |
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Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
Well, in accordance to your statement, you need to learn more about in trading. Your tips and advise was very basic, this is not only about holding your coins on dip then wait for the best time. You must also know how to read the graph as well then always check the market volume and updates of the coins you are holding. |
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rarkenin
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December 20, 2018, 03:19:43 PM |
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Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
You took words out of my mouth. Swing trading is most suitable one for maximizing profits. Trading is difficult,average guys thought that there is no physical activity so there is no such thing called pain. Illusions can make you fool especially when someone cant control himself. |
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Hunnykaushal31 (OP)
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December 20, 2018, 04:21:01 PM |
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I read all comments and yes mentioned one's are basic tricks , i only want to say that do not put all in once.
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Wafilian
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December 20, 2018, 04:43:02 PM |
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3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
How to indicate its bottom position, I think here you need to use some indicators like moving average, RSI etc. The most important thing is choosing where you invest your money. |
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QuadsPoker
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nothing is impossible
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December 20, 2018, 05:08:43 PM |
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I very often use this dip strategy as well but I combine this by using the Bollinger bands. If a coin dips and breaks the lower Bollinger than very often it bounces back up right after it broke the band. In this way I book multiple profitable trades on a daily basis. But I also never go Allin in at some point. At some times even if it breaks the Bollinger it keeps dropping. so I also always make sure I have some balance left to pick up some extra spots
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Signature for rent. Your signature will be displayed an entire year in one of my threads that is visited 200+ times daily
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r1a2y3m4
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Match365> be a part of 150BTC inviting bonus
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December 20, 2018, 05:18:47 PM |
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Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
I think you're just pertaining to the buy low sell high method which is simply basic in cryptocurrency. It's a basic knowledge not a trading trick. |
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