I bought a bitcoin today for 9K and sold when it hit 10K should I Of left it?

[serjent05]

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

In your situation, you are already in a profit and if you are here for a short term gain, then probably you should be contented on your profit but, if you are seeing the bigger picture and have patience to wait for another years, then probably it is best that you should buy now.  Halving is about to happen and that alone can kick the price up.  But still it is your call.

[hahay]

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

In your situation, you are already in a profit and if you are here for a short term gain, then probably you should be contented on your profit but, if you are seeing the bigger picture and have patience to wait for another years, then probably it is best that you should buy now.  Halving is about to happen and that alone can kick the price up.  But still it is your call.

Right, it depends on the choice and how much capital he has, if he can halve for long-term investment and for quick profit then it will be better because the current situation is very fast rising and falling prices. So choosing to be a day trading is also not a problem as long as he is satisfied with the profits and not being too greedy is the best way in this situation.

[el kaka22]

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

In your situation, you are already in a profit and if you are here for a short term gain, then probably you should be contented on your profit but, if you are seeing the bigger picture and have patience to wait for another years, then probably it is best that you should buy now.  Halving is about to happen and that alone can kick the price up.  But still it is your call.

Right, it depends on the choice and how much capital he has, if he can halve for long-term investment and for quick profit then it will be better because the current situation is very fast rising and falling prices. So choosing to be a day trading is also not a problem as long as he is satisfied with the profits and not being too greedy is the best way in this situation.

There are simple small tricks in this kind of trading, like you leverage it against yourself so you never lose too much, for example if you are not sure if bitcoin will be going up or down then you buy a bit of long and short as well heavily on the side you think it may do, for example if you think it may go up but not sure you risk 1000 on buying longs and 100 on short but leverage the short high whereas not leveraging the long too much.

That way if it goes up you will make money on small leverage but 1000 investment, if it goes down then you will still make some because you have 100 dollars on high leverage. Don't get me wrong you will not make too much money this way but at least even if you are wrong you won't lose too much money and will be still fine.

[NeuroticFish]

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

If you have to ask what to do next, you are clearly not a day trader, sorry.

Should I buy back in or do you guys think it might drop?

It depends on how much risk you want to take.
You can leave happily that you ended it on profit.
Or you can wait until it's low enough for your calculations, then buy again one Bitcoin and wait until it rises again to sell.
Or you can day trade with the 1k profit.
Or you can you and HODL.

There are plenty of options, really... and it's not us who has to decide about your money.

[shoreno]

if you are a trader then sell when prices already look high enough,

no thats bad if you are going to sell based on your feeling or based on what you saw but you should sell based on how much you used for your capital  . let say the op buys btc at 9k usd  , he should sell when the price hits over 9usd so that he can earn something  .

don't wait for higher prices,

obviously because the op said that he is more of a day trader . being a day trader is kinda simillar to short term trader and you must grab any oppurtunity no matter how small it was  . unlike to a long term trader that they must wait for a long time to get as much profit as possible  

[Reid]

The answer is within your thread.
You are a day trader as you said it.
So what else do you think you should do?
You are in profit then sell it. What else is there to think of or doubt about? You already made a choice of yourself with what you will do.

You are just being greedy and that is why you are asking for more which is wrong if you are a day trader.

[The Sceptical Chymist]

I’m more of a day trader so any advice would be hugely beneficial.

If you're a day trader and make $1000 with this trade, I'd say you did very well and probably did the right thing.  Me, if I had enough money to buy a whole bitcoin I'd probably try to buy it under $10k and just hold it.  I think the market is still extremely bullish despite it having cooled off recently.  Bitcoin is trading in a pretty narrow range and keeps bobbing its head above $10k....so I think any chance to buy it below that level is a good opportunity both for a short-term trade and a chance for even greater profit in the longer-term.

But it's up to you how you want to trade.  Obviously you were successful here, so it's not like you did anything wrong.  If I had to give you advice, it would be to try to buy again if and when bitcoin falls to $9000 again.  It might not, but if it did you'd probably have another chance to make at least another grand.

You are just being greedy and that is why you are asking for more which is wrong if you are a day trader.

Ah, come on.  All traders are greedy to some extent.  He got lucky with that trade and now he's thinking "What next?".  That's natural.

[Mahanton]

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

Sell everything when you do see some gains yet as you mentioned you are a day trader which means you do make shorts and doesn't plan for long term.
These questions are just fitted out for those who actively buy and sell into small ranges or movements.If you are a long term trader then these entries wont really
be a big issue for you since you do hold for years or longer durations you wouldn't care on where would prices would go.I  suggest on keeping that
trading system of yours yet not all do have the capability on when to sell and when to buyback.The important thing here is that you do able to see some green
your trading results.

[shield132]

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

The choice hugely depends on you, if you want quick and nice profit without extra worries, I think it's better to sell that time when price hits your wished 10k but otherwise if that's the money you don't and won't have a need to use for a lot of times, then I would hold it. Personally I think it's like a gold rule: Bitcoin will reach it's all time high, it's just a task of time, wait. don't break and you'll achieve your goal.

[traderethereum]

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

When you buy bitcoin at the price of $9k, you need to wait for the price to increase at $10k or more so you will be safe to sell and make a profit.
If you sell it when the price is at $9,5k, you can sell it at that time but your profit will not too big.
If you are fine with that profit, then there is no worry if you want to sell in at that price.
But if the price drops at less than $8k, then I suggest you buy more bitcoin because the chance of bitcoin price to go back to $9k will wide open.
After you buy, you should be patient and don't panic until you can see the price can reach $9k again so you can sell your bitcoin which you already bought at less than $8k.

[Ararbermas]

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

bitcoin still so volatile mate and there will be  something good that could be happened on it every time without knowing  .  But on this kind of your situation i suggest must wait for the right time to buy in again because you know it always changed direction so make sure you are in timing when buying.  Make a technical instead to assure after buying it will not fall back suddenly .  It's a good idea always actually.

[fullhdpixel]

if you are a trader then sell when prices already look high enough, don't wait for higher prices, because at this time the market conditions are fragile, it's easy to collapse. it's better to sell when there is still a chance, that the mindset of the trader. but if you intend to invest long-term, be patient and hold for as long as you can.

A trader must really learn to work along with the mentality off knowing that they are in a volatile market, bad thing about volatile market is that you could see a trade that is very impressive now, and before you could think of asking questions, the trade would have been again you.

When it comes to trading, we just have to have in mind that we are dealing with both big and small profit, and we should see the big profit as luck, but focus more on small profit, it is small profit that some people that I know do take that built them an empire, and all these holding on for a bigger profit is not really getting anyone anywhere.
It is easier to predict smaller prices than to predict bigger prices for long term. If op had sold when he acted, he would have bought at that $9000 again several times and also sell several times.

[nydiacaskey01]

Should I buy back in or do you guys think it might drop?

I’m more of a day trader so any advice would be hugely beneficial.

New to this but happy with making a grand.

Depends on your goal or target. Remember that when you buy Bitcoins its either you hold it for  a long period of time or you set a target of when you plan to sell it like sell it when you hit 10% profits or Sell it when you already earned $1,000 USD including fees. What you did is just fine, bought at low price of $9,000 and sold at $10,000.

[vintages]

You are just being greedy and that is why you are asking for more which is wrong if you are a day trader.

Greedy? I will say more like lucky cause not every day trader will make this gain as a starter. Some don't even see the opportunity or knows when to grab it.
From his tone, the guy is just excited and he asked a question anyone in his position would have asked though which is, contemplating to continue or take a break.

OP, you have to be really sure if you can continuously do this day trading. Remember, it's not mandated to buy 1 btc before trading.

[Bitcoinwaist]

solid trade but if it was me I would have kept the $1k profit in btc an let it ride.

[bitgolden]

I suggest checking out tradingview, people there have their own charts and their own reasons when bitcoin will go up and when it will go down etc etc. If you register there and start to follow the people who are mostly right you can eliminate the people who are wrong, so you will be left with few people who are almost always right. That way you will be checking what the people who actually know about this work says and that way you will be capable of following their footsteps.

You will also learn the way they think and also use that for yourself as well without getting help from them, this takes time (months) but eventually you will reach there. That is when you can start to do day trading and actually make money yourself without getting help from anyone.