SacriFries11
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August 01, 2020, 02:59:50 PM |
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One way or another, the results of cryptocurrency trading depend primarily on the studied fundamentals of this activity and on their technical fundamental analysis. at the same time, you need to take risks very often and be confident in your actions. But it is very difficult and at least for me, it is very bad at it, especially today, when the market is moving up. I stopped trading Ethereum because I don't want to miss my chance if the price goes even higher and I sell coins unsuccessfully.
Yes, I agree. It's a very bad move if you missed out something in the time like this. I prefer to stay and be observant for now rather than trading without any good analysis. In the beginning, you must need a lot of knowledge about trading before you can make profit. Not all can know easily about trading. Fundamental is better for newbies while their learning about technical analysis. The expectation about ETH this year is very high so we should better to join the ride if that will happen. If the coin have small amount of market cap they should possible be go high in a single token while if the market cap have high its possible price of single token will be small.
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adzino
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August 01, 2020, 03:13:15 PM |
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You will need a lot of experience and a good knowledge about the market. You will need to study the market a lot. Try to understand how those charts work. Start applying your knowledge by doing real trades in small scale. There are "extra knowledge" that you will gain only by making mistakes. Learn from those mistakes instead of ignoring it. Don't expect your every trade to be profitable. You will be making some loss from time to time. Learn to accept those losses. The key to make profitable trade is through experience!
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akram143
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August 01, 2020, 04:45:33 PM |
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More longer we hold then our profits will be high when we are in bull trend but the myth is we can't really predict the price volatility of cryptos so we have to set a goal price and sell after it, the profits maybe high if we hold it longer a bit but as far as our target achieved then don't regret about it.
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Xxmodded
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August 03, 2020, 03:27:04 AM |
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To make profitable with trading with simple choose buy and selling on good moment, many trader always late for buying some coin after break out to higher price and looks late when buying, but always early for selling their assets before price most expensive. Maybe have control when good moment to buy or sell coin.
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tvplus006
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August 03, 2020, 08:03:31 AM |
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While investing on something we can't expect to sell them at perfect peak so accepting the profits what we made is better than worrying about the missed chances.Yes it might hurts but 56% profits is still huge and keep doing your analysis for future trades so if you get that small profits multiple times then you can actually win big compared with less risk.
Yes, indeed, there are no traders who can sell at the very top of the price and buy at the low itself. Therefore, we take from the market only as much as we have enough emotions. But in any case, we should put more effort into studying the technical side to see the trend reversal points more clearly.
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Kong Hey Pakboy
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August 03, 2020, 01:54:49 PM |
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To make profitable with trading with simple choose buy and selling on good moment, many trader always late for buying some coin after break out to higher price and looks late when buying, but always early for selling their assets before price most expensive. Maybe have control when good moment to buy or sell coin.
It is not that simple to make a good timing in buying and selling because we cannot say if the coin is now on the top or below it's value. It is why trading is a little the same as gambling because it's all about chances. But if you can control your emotions and can properly manage your portfolios, you can earn good profit in trading.
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rhomelmabini
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August 03, 2020, 02:21:33 PM |
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All I believe by now was really patterns be it candles, charts, etc. Who really knows when to know that's the best really time to sell even good traders do make mistakes sometimes and lose. The good thing is you make a profit, a profit is still a profit. Don't chase what is lost, if you can predict it then there's still some other time, it's a matter of learning.
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Utoy101
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August 03, 2020, 11:54:03 PM |
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Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.
Trying to catch and sell off a token at the all time high (ATH) is basically the most difficult trading decision because no ones knows when it will come through and that's why everyone will tell you to set a profit target before entering into a trade and when you successfully set your personal target, you'll definitely sell profitably
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Kelvinid
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August 04, 2020, 02:59:14 AM |
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snip~
Trying to catch and sell off a token at the all time high (ATH) is basically the most difficult trading decision because no ones knows when it will come through and that's why everyone will tell you to set a profit target before entering into a trade and when you successfully set your personal target, you'll definitely sell profitably Not really impossible if we are not a greedy person and knows about contentment. If I already have a 2-3% gain, no doubts to sell my holding. I keep my coin/s in my hand for just a month and there is no hesitation to sell it even though I only gain a few bucks from them. The common failures why many traders have never succeed it is because they'll think always positive without considering the current market movement. Looking into charts, do a market analysis will likely help us in making the right decision.
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milandres0207
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August 04, 2020, 05:15:23 AM |
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This is my long-standing question - How do you make Trading profitable?
Now let me explain the point:
I am doing trading in shares, stocks, commodities and cryptocurrencies since last few years. Most of the concepts related to trading such as Trend Analysis and Fundamental Analysis were part of my professional course which made me interested in trading since I was student. Over the years I have been able to read trends accurately many times and bought cryptocurrencies at times immediately before upward trend. But one thing is still mystery to me, when to sell?
For example, around 10-12 days ago, I accurately predicted the upcoming rally in bitcoin price and long 0.50 BTC at the leverage of 25x @ $9150. Two days later, price rose to $9350. I already made 56% return on my investment in just 2 days. Now this is critical point where I always become blank. Once I made profit, I couldn't predict whether it is good to sell or hold for more profit. No matter what I do, I always make wrong choice. Actually I sold my futures at that day but imagine if I didn't sell, my investment would be up by 538%!! Imagine the profit of 538% in just 10 days!!
Same things happen opposite too. Lots of times, I keep holding coins due to FOMO and lose the chance of making profit. Suppose if I would still be holding my futures and didn't sell them today, price may fall again tomorrow and I may have lost the chance of making 538%.
Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.
it seems that you have a lot of good experienced in crypto earnings mate. in my experience regarding about doing day trade I also made profit every week on which is not bad at all to be considered because I can able to sustain all my costing monthly, just like that.
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TheUltraElite
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August 04, 2020, 05:25:53 AM |
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The point when you sell needs to be predetermined before entering.
If you are hoping that a certain asset is going to get 10% gains, then once it does sell it. Dont think twice but sell it. To keep things as minimally traumatic to your brain, you can follow this process too. That is also how bots process information.
Next, if you are buying something for a long term gain, you have to predetermine the lock in period or a maximum gain at which you will be satisfied at the profit figures.
So basically two things are to be kept in mind - time period and profit percentage.
Point is also not to get greedy and keeping your expectations down to the ground. This is more possibly seen more in the fiat markets than crypto but applicable to both. No specific indicator is there for knowing when to sell though. You have to over-smart the market psychology.
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bearexin
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August 04, 2020, 09:39:38 AM |
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Sometimes you can’t make the right prediction, it’s just not easy. You do know that this is a volatile market. Sometimes you can make use of the support and resistance to predict price, it doesn’t mean that if the price should reach that resistance level it would remain there, once it gets to that level things changed immediately. Sometimes it’s best to be regularly updating yourself, especially if you’re into day trading full time, unless it’s not something you do for a full-time. And moreover I don’t see anything wrong with that, you got some profit, maybe you can try holding for longer term before selling next time. basically two things are to be kept in mind - time period and profit percentage.
Perfectly a valid suggestion. When we are having pre-determined plans then we can simply avoid ad-hoc decisions and ad-hoc decisions are usually driven by emotional failures. So, simply having pre-determined time-frame and profits levels definitely will help. No specific indicator is there for knowing when to sell though.
Support/resistance levels are always the appropriate levels where you may book profits or cut-losses and you may open your trade (both shorting and buying) as well.
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rexxarofmoknathal
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August 04, 2020, 04:21:54 PM |
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Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.
Recently, I've spread myself to investment outside of crypto, into stock and shares and bonds even. It seems to me that one important factor is how long you intent to keep your money in there for. As such if its long term then I just don't bother much as its long terms so any short term losses are ignored. As for short term, which is the case with crypto and what you're describing I do not have a magic formula but I sell out when it all looks like it will crush. At this point I'll be happy to cut my losses and take the profit I can. Obviously I'm tempted at times but I find that with a little flexibility I can do just fine. This of course requires close attention to trends and it's not 100% but I can make terms with it.
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el kaka22
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August 04, 2020, 04:29:11 PM |
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Experience is something you cannot purchase or learn from anyone, experience is something so valuable that it has no price ever, and that is not just crypto or trading neither, in the real world when you want to be good at something you need to first learn it, learn it from school or by yourself or any other method, but after that you need to do it and when doing it you will learn a lot more stuff doing it than what you learned at school because not everything in life is how it is on paper so things change. That is why gaining experience during trading is the most important stuff that you can do to become a trader that makes a profit.
If you can achieve that and spend time and money and learn from every move market makes, you could become a great trader that doesn't work for anyone else.
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Salauddin1994
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August 04, 2020, 05:22:31 PM |
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The best way to make trading profitable is to buy at a lower price and sell at a higher price but before that, you need to have an idea about trading. We need to know the market well so we can understand the value of the currency. If the crypto market can go down while trading, then if we do a good analysis and work with a little time without rushing after greed, then it will become easier and we will be able to make a profit.
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ScamViruS
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August 04, 2020, 05:39:08 PM |
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To get out of the market at the right time, you need to improve your knowledge of trading. If you can do market analysis then you will get an idea of which direction the market will move later. There are many such traders who are facing the same problem as you. So it is better to learn from your mistakes and create your own trading strategy. And trading with signals is very risky, so there is no point in losing your own funds depending on someone's signal.
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Knepala
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August 04, 2020, 06:56:05 PM |
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whyrqa
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August 05, 2020, 11:35:39 AM |
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A good tool for the job, the right strategy, a clear plan can lead us to the result you want.
Of course, you have very correctly identified those instruments that mainly affect the results of each trader. But it seems to me that you also need to point out the ability to do technical and fundamental analysis, because it is mainly thanks to these factors that the very foundation of good and profitable trading is built.
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tvplus006
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August 05, 2020, 01:00:10 PM |
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Trying to catch and sell off a token at the all time high (ATH) is basically the most difficult trading decision because no ones knows when it will come through and that's why everyone will tell you to set a profit target before entering into a trade and when you successfully set your personal target, you'll definitely sell profitably
Only a trader who has a crystal ball can set such a task to sell at the highs and buy at the low. Everyone else should be content with what the market currently gives them. If you have completed the task set for you, then you should get satisfaction from the transaction, regardless of where the price goes next.
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wxa7115
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August 05, 2020, 04:04:41 PM |
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You're not doing anything wrong. That's just how trading works. Your best bet would be to get control of your emotions. What happens in trading is that, whenever you're in profit, both greed and fear starts setting in.
- Greed: you think it still has a lot of room to grow and don't want to leave money on the table. - Fear: you have second thoughts that it might just go negative as volatility is on the high side and might easily flip to a loss
Trading isn't just about reading charts, doing technical analysis etc. Your emotions plays a vital role too.
As traders our goal is not only to earn money in the markets but to maximize our profits, this is why the holy grail when it comes to trading is to identify every single important movement in the market and invest at the bottom and sell at the top. Obviously this is impossible but then we need to do the next best thing which is to minimize our losses when we are wrong and try to get as much profits when we predict a movement, and as you may guess this can be really difficult because as you say your personality plays a role in all of this and if you happen to bee too greedy or too fearful of the market you could waste many opportunities the market presents to you.
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