Trade - mistake?

[Kelvinid]

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.

This is what trading it takes, patience is always a key in order to succeed and earn more. But it is really hard when you never put 100% trust into your coin and also self-confidence. The most common mistake that traders did is the wrong choice of coins to trade and never lessen to people's advice.

[Cherylstar86]

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.

This is what trading it takes, patience is always a key in order to succeed and earn more. But it is really hard when you never put 100% trust into your coin and also self-confidence. The most common mistake that traders did is the wrong choice of coins to trade and never lessen to people's advice.

Even if we been choosing good coins, and yet you don't decide selling at good price. Greed sometimes put us into bad situations which that mistakes made us regret in the long run. Once we failed to decide taking good profit, it's hard to wait for another price increase for our holdings.

[RealMalatesta]

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.

Those type of question is what leads to future greed sometime, to op now, he ought to have been able to catch the exact increase before the dip which is impossible, and what he did should actually not be counted as mistake, he simply as a goal, and the moment is goal was achieved, he should be thankful.

His trade according to him was not meant to be a long term investment, and that is where holding works better because you tend not to lose every of those increase if you wait till the value hits it speak, but as a short term trader, it is those little profits that he has t just learn to compound and I don’t think that profit is small to make in a day if he is to scalp trade, imagine I’m making x3 if that daily, and should multiply it by the number of days in a month, would any investment had yielded him that?

[btcholder]

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

I can't see any mistake here. Why you think you did some mistake because of sold earlier. No one know that price going rise up so quickly. You choose safe way to trade and it's totally great. Because at the end you earn some profit. Many people did mistake because of greedy. Just thing if price down then what should you did..? It's totally okey sometimes to profit little amount.

[Slow death]

Trading cryptos is not an easy task, most of the time the person buys for example the price of $ 10,000 and days later the price goes up to $ 10500 and the person sell. but hours later the price goes up to $ 11500 and the person realize that it could make high profit. However, if the person is greedy, they may risk losing money. My advice is that you should set a profit percentage, something like 2% to 3%

[ethereumhunter]

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

I can't see any mistake here. Why you think you did some mistake because of sold earlier. No one know that price going rise up so quickly. You choose safe way to trade and it's totally great. Because at the end you earn some profit. Many people did mistake because of greedy. Just thing if price down then what should you did..? It's totally okey sometimes to profit little amount.

For me, it's better to take a little amount than never because we cannot make a big profit every day. We can try again on the other days so we can make another profit too. I am sure that if we can try to trade by selecting many coins, we will make the profit again. At least, he could still make a profit, and I am sure he can get a profit again. No need to worry because that is not a mistake, and sometimes we do that in the trading.

[jeraldskie11]

I think, you don't made a mistake because you sell your Bitcoin with profit. You just sold at very early, may the reason is you follow your emotions. Next time try to have more patience in selling Bitcoin because many say it will reach a new ATH.

[carter34]

I think, you don't made a mistake because you sell your Bitcoin with profit. You just sold at very early, may the reason is you follow your emotions. Next time try to have more patience in selling Bitcoin because many say it will reach a new ATH.

  It is usually such feeling when someone sells and market starts jumping higher but OP should ask his or herself how it will feel when after you sell, the price drops further lower. I'm sure you will be happy in such situation.

Market price is not controlled by anyone, we take decisions that we think suits the situation at that time.

[Kemarit]

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.

He used 1m time frame as an indicator, so obviously, he didn't wait for longer to realized his gain. And I don't know if there are traders here who uses that strategy, I mean what can you see in that time frame? At least 15-30 minutes should be the target time frame to see what's going on. And in his case, he price suddenly went up and he could have profited more and not just spend his project on the trading fees in case he decided to withdraw his funds.

[nydiacaskey01]

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 just made 0.42% for that trade, if we are going to deduct trading fees of 0.25% that will leave you with only 0.12% profits. Try using Bollinger Bands in the future before you decide to Buy or Sell because it will help you see if trend will continue or not. You also need to observe the coin first before buying or making a decision.

[jaocoincrypto18]

In talking of technical aspect there is nothing wrong with the transactions it just suddently the price of Bitcoin rise up in which you already traded it at much lower price. This is normal because the market price is really unpredictable in which seconds and minutes are vital too.

[sweetbet]

Any profit is better than a loss, BUT you always want to buy as low as possible so that you have a greater chance of making as much as possible on the way up.

[pawanjain]

what were you thinking mate ? If you do the basic math then you will get that buying at $10754 and selling it at $10800 won't make you a good amount of profit considering the trading fees which should probably be around 0.15% . You should definitely reconsider your targets and adjust the entry and exit points so that you can get a better profit.

[trickyriky]

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.

This is what trading it takes, patience is always a key in order to succeed and earn more. But it is really hard when you never put 100% trust into your coin and also self-confidence. The most common mistake that traders did is the wrong choice of coins to trade and never lessen to people's advice.

Even if we been choosing good coins, and yet you don't decide selling at good price. Greed sometimes put us into bad situations which that mistakes made us regret in the long run. Once we failed to decide taking good profit, it's hard to wait for another price increase for our holdings.

If a guy is has started thinking that trading can be a great mistake for him, it is really a mistake, but only for him. It simply means that he should better deal with something that he likes at least a bit more. Trading (even with losses) must be interesting and exciting to people dealing with it.
And the more sincere interest they show, the better will be the results of their activity.

[michellee]

Any profit is better than a loss, BUT you always want to buy as low as possible so that you have a greater chance of making as much as possible on the way up.

Yes, that is why we don't need to complain if we could only get a small profit because we have another day to make a big profit. If the market is not moving up in this day, it will grow in the next days, so what we need to do is continue to trade, try to make more profit in this day if we can, and accept the profit. That will better than to get a loss because not all traders can get the profit.

[MonsterV]

That is not a mistake, if you know that market cannot be predicted 100% with any indicator. Maybe in theory you learned are correct, but there are many factors that cause prices to surge or fall. For example, FUD, FUD is able to get rid BTC deep enough and it can't be read by any indicators.

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.

Yeah right, we really can't rely on just one or two indicators, confirming on the TF is quite accurate but sometimes we can't stop the whale going fast. I myself usually use TF 1H, 4H, 1D for daily trading.

[hahay]

Op no mistake is made from you. Is a volatile market and who knows if you would have been losing if you didn't exit your trade at that time. There is another day for big gains. Little gain are better than even little loses.

That is also right, but if he can be more patient and aware of the issues that are currently circulating maybe he will not sell it too fast, the incident also several times I experienced that did not realize if the trend will still continue to go up, a little sorry indeed but most importantly we have gotten profit, even though the profits are too low but at least we are not greedy.

[RealMalatesta]

Any profit is better than a loss, BUT you always want to buy as low as possible so that you have a greater chance of making as much as possible on the way up.

That is how I see it too, it is better to make profit no matter how tiny it is than to loose, losses can be painful while gains can still be of encouragement to stay and do more no matter how small it is, what we just need to learn is how to quickly turn over, which is why some people would prefer to do scalping rather than waiting for a huge profit and them miss out on when they are supposed to sell.

With scalping, you are not so much bother about how much bitcoin later grows to, but how many time you can take advantage of those little fluctuations and use it to make more profit when you compound them. These are the type of situations that a trader must get use to, market is volatile, and we cannot always make the right decision.

[Farma]

Chances are you are not very patient, however, if you really are only targeting short-term trading, I think I will do the same.

according to the picture you sent, you sold less than 4 hours after you bought bitcoin at a pretty low price compared to 4 hours after that. maybe you need to hold back more than that and be patient when prices are rising because that could just be a pump. but you need to pay attention because it's also quite prone to dumping.

Well, in this case, you don't get the maximum profit because you target profit in the short term. maybe on another occasion, try to wait for the highest point of the rise in bitcoin before selling it.