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Author Topic: Buying low selling high ain't always successful  (Read 1158 times)
kingzpro
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April 29, 2020, 07:43:57 PM
 #221

Yes, especially it will work less in crypto markets, it works better in other financial markets for crypto due to high volatility you can either go deep into loss or have risk of missing out on parabolic gains so perhaps hodling is the best strategy for crypto unless you are very sure about both the peak and the bottom.

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carriebee
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April 29, 2020, 07:45:52 PM
 #222

It is not always end up a successful trading when we ought to buy low and sell high. It happens to other traders of not earning during trading. It reminds us that market is unpredictable we do not know at what price it will keeps going down and what price we’re ready in selling point.
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April 29, 2020, 08:32:01 PM
 #223

It is almost impossible, I think that 90% of traders didn´t predict that Bitcoin will attack the 9000USD resistance line, all of them are waiting for new lows, but again, Bitcoin showed that it can´t be predicted by trading analysis.

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MikeyVeez
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April 29, 2020, 08:49:15 PM
 #224

The problem is that you do not have enough money to set the low or set the high, so you can only predict that, but again, it is gambling. You can reduce the risk, like when you know a lot of about football, but are all bettors in profit? Not!

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April 29, 2020, 09:03:38 PM
 #225

of course if you trade without knowing how you will not succeed, as you say buying below is not always successful right? but if you know the knowledge of trading such as support, resistance, and indicator analysis even reading candles I think you can succeed

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April 29, 2020, 09:43:36 PM
 #226

of course it's a very difficult prediction that sometimes we already predict it has gone down then we buy it turns out the price goes down and sometimes we wait for the price to go down but the price gets more expensive

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April 29, 2020, 09:48:42 PM
 #227

Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now

I can relate, this happens mostly when you are not a pro in TA or when you don't enter a coin early when there is FA. However, sometimes general crypto FUD can dump a coin you are optimistic on, best way to always reduce loss is to set stop limit or stop loss. Trading involves gaining and losing if the trade goes south, if you win 70% of your trades, then you are good.
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