Trade - mistake?

[jhonjhon]

Don’t think it is a mistake because you are able to get profits and I think this happens every now and then, it part of trading, there are really times that we can’t predict the market because it changes often just be smart perhaps in the future when trading bitcoins.

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[davinchi]

I don't see the mistake there, you bought at a lower price and sell at a higher price, that result to profit and profit is never a mistake regardless on how small it is. When it comes to interpretation of the graph, we might see it differently, but what's important is we made profit every time we sell, not everyone can sell at a max profit but if you are good in predicting the next price, you will surely increase your profit doing more trades.

That is right, exactly what matters most is that we see profit, he was even lucky to have made the right decision to sell at that price because there was still a correction back to $10500, and if he had not sold, he would have either panic sold and losing out completely.

Well, I understand the tension traders do face in making decision when it comes to buying and selling of orders, which is why I rather prefer to be a long term holder. I already believe that the price will reach about $30k to $35k in the next bull run, and that is my target now, so no matter the profit I see now, I think it is best I wait for the new ATH before selling.

[zhekinsp]

Hello traders,

Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).

https://pasteboard.co/IkN75r0.png

So I bought  BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.

Where did I make mistake?

Thanks for every answer

You didn't made any mistake because you made profits around $50 but if you can wait longer then you would made more profits then you got.

Indiactors are not the actual movement,its likely to move but not compulsory.

[arpon11]

Hello traders,

Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).

https://pasteboard.co/IkN75r0.png

So I bought  BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.

Where did I make mistake?

Thanks for every answer

In my opinion and experience you have not made any mistakes! Just that you were not patients enough to hold until the market appreciate enough. If you hold for more days you could have made above $2000 from your investments. Technically I have find out that most of those lagging indicators such as oscillators and sri don't pick signal fast and sometimes there only show you pass markets data and as such you should not depend on them in making a trading decision. You have to combine them with daily or hourly candlestick formations before taking a decision on either to close your order or open a new one.

[Nellayar]

You use 1m time frame, right? the signal from the indicator will not be completely valid
if you want to scalp trade 1m TF it's too extreme, it's better to use 5-30m TF
and also I see the spread between buying and selling too low, buy at 10754 then sell at 10800 it means that only profit 0.428%, and that also does not include trading fees
It's wash trade, IMO

I thing op needs to differentiate those time frame. If you know how to use these time frame. You can execute your signals well. I am currently using moving average. And if I missed something like this, my plan will devastate. My technical basis is also the time frame in putting my orders. A lot of things will change once we have misses to change or use the correct time frame.

[stomachgrowls]

I see no mistakes on here yet this is just a typical scalping but on a very extreme smallest time frame.OP, your just assuming that

had commit mistakes due to the price did shoot upwards but well you are still on profit which still considered good but not really big enough though.
You sell off to early and just like on what others telling here it would be a worthy shot if you do increase the TF you are scalping on.

[Strongkored]

Often trades think selling too fast is a mistake, but what if the situation is just the opposite? even if you have seen an indicator that it will go down but the opposite happens it is not impossible. so the decision that has been taken is not a mistake if you have already made a profit, just need not to sell all at the same price it would be better to maximize profits or reduce the risk of loss.

[webtricks]

Hello traders,

Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).

https://pasteboard.co/IkN75r0.png

So I bought  BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.

Where did I make mistake?

Thanks for every answer

Everyone saying that you didn't make any mistake and was just impatient. However, I don't think the same. You made some fundamental TA errors. You entered in market while price was in sideways trend and sold very quickly. You can see in chart that although price was moving in closed bracket of $10700-10800 but volume was decreasing continuously. Hence, it signifies trend reversal and price breakaway. Once volume falls to lowest point, trend is usually reversed and both price and volume start increasing thereafter like it did @ $10,720 in your chart. This point was your perfect indicator to hold for longer period but you sold very soon. If I was in your place, I would have sold @ $11,020 when increased volume first started decreasing because thereafter $11,020-11,120 span was euphoria and not worthy to hold.

[buwaytress]

You sold you btc too early that day. If you have a 5-10% leverage then you could wait for the pump just like what happenned now. There's no problem waiting it for a few days. If you can see, you've entered an entry at ,10700 and sold it at 10,800. You did not get enough profits since in every execution of entries there is corresponding fees. It just are up your fund.

Try to change your technical analysis or indicators. Also, follow some good speculation price just to give you an idea where is the path of the market. I am not saying you will follow their speculation but it is just a basis for you to know.

He was scalping so it wasn't like ti was too early, people don't just sit around waiting for pumps, no matter the action. In fact, even with the past 7 days all registering new highs, 2% crashes at 5% leverage can kill you at stop losses all the way waiting for those spikes.

OP you made a profit. You did it scalping. There's nothing wrong there. That's kinda exactly how it's supposed to work =)

Often trades think selling too fast is a mistake, but what if the situation is just the opposite? even if you have seen an indicator that it will go down but the opposite happens it is not impossible. so the decision that has been taken is not a mistake if you have already made a profit, just need not to sell all at the same price it would be better to maximize profits or reduce the risk of loss.

Precisely! As long as you entered and exited knowing and understanding why you did both, you're good. Every decision has to be educated and based on sound reasoning. How the market turned out after the fact is more learning. OP prevented an unwanted scenario (loss) so should be happy.

[BayAngelo]

this week trading has been a huge profit for btc/usdt traders raking a huge amount of profits. currently,the ,market is correcting form the volatile move it made. this may lead us into hitting 20k before December.

[maldini]

Hello traders,

Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).

https://pasteboard.co/IkN75r0.png

So I bought  BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.

Where did I make mistake?

Thanks for every answer

Many times I experience the same thing as you, I don't think this is a big enough problem. It might be a nightmare for you if the price goes down but the indicator says up, there is no mistake from you while you still benefit from that trade.
Maybe you can improve again in learning to trade, use TF 5-10-15-30 minutes, so you can see wider market movements.

[romero121]

That's a very short price move, you could've just waited for little more time. On the technical indicator chart it is possible to find whether the next market move is uptrend or downwards based on the candle sticks representation. This isn't a mistake, what you've done is just a learning.

Trading is all about experimenting, upon which it is always good to do mistakes when you do trading with small funds and the learning will help when you further proceed with huge funds with similar trading strategies or trade pattern.

[CoinCollect]

We can never predict exactly how much the price of a coin can rise. You did the right thing. A small profit is also a profit and do not worry. But in any case, if you are not satisfied with something, you can always change the strategy.

[deisik]

Hello traders,

Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).

https://pasteboard.co/IkN75r0.png

So I bought  BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything

And you won't see anything

As Bitcoin prices for us, regular folks, are only a variety of random walk (read, all those fancy indicators are mostly useless, even if you think they are not). Other than that, it is not clear what trading fees you paid. If you paid 0.1% on each order (first buy, then sell), it looks like you earned dust (though it depends on the amount traded, naturally). If you paid more like 0.2%, you didn't earn anything. Have you fallen victim to fear and greed?

[roycilik]

~snip~

I thing op needs to differentiate those time frame. If you know how to use these time frame. You can execute your signals well. I am currently using moving average. And if I missed something like this, my plan will devastate. My technical basis is also the time frame in putting my orders. A lot of things will change once we have misses to change or use the correct time frame.

Yes, sometimes I also use MACD
I always do signal comparisons from multi-time frames (5m 15m or 30m), if the signal from several time frames shows the same result, I will go to the low time frame (5m) to determine the entry price.
my last trade: https://www.binance.com/en/trade/pro/RVN_BTC RSI, Bollinger Bands, Fibonacci

15m TF


5m TF


Hint
5m and 15m Time frame giving the same signal to Bollinger bands (lower) and Fibonacci (0.5 points), I go to the lower TF (5m) to determine the Entry price, on the lower TF the buy signal is strengthened again by the RSI 30. so I decided to buy at 466sat and sell when Bollinger Bands is in the upper position and RSI is around 70 (488sat)

Trade History

[FinalFury]

Just be grateful that you made something, and stop relying on clues in charts. Stop thinking that you must buy at the absolute lowest, and sell at the absolute peek. There's no way for anyone to know. So many different factors determines the price of coins.

[pixie85]

You have a wrong way of seeing your trades. A trade where you made money is a good trade and it doesn't matter that it later went up more and you missed it.

Most people lose money on the market this is a fact and it is always so on any market. When you're making money you're in the elite. Only 1% of traders or less manage to sell at the peak.

[Kasabus]

You could not see the future and know that the price of bitcoin will rise. You just followed your strategy and made a profit. It doesn't always happen that we can choose the right moment. But don't get upset about it.

Being upset it signifies that from anytime soon this person will leave from trading and look for another. Well, we have to know that trading isn't an easy job to take by and only knowledgeable person with strong trading determination will only survive. It is quite a lot has tried by only a few of them succeed because they don't have such figure and positivity in there mind.

[Moiyah]

As long as you made a profit, small or big it's still profit. So, do not worry about that, disregard the regrets. You rely on the shortest timeframe and that is okay. It's just that we can't really sure that our predictions will really going to happen. We have actually the same indicators that are using. Maybe if you want better results, confirms it with the higher tf's like 1hr, 4hr or 1d.

[Lanatsa]

Where did I make mistake?

Thanks for every answer

You haven't commit any mistake yet any positive gains is considered good even though if you have waited for longer you might have able to gain more profits.
You haven't seen any indicator? Get used to it because market price can shoot up without any signs no matter how good it is.