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Author Topic: Never Be in a hurry  (Read 2285 times)
Oilacris
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March 11, 2021, 09:47:12 PM
 #101

because the market is unpredictable then you cannot do it that way continuously, for example you buy low in the first month and are sure to get a profit in the second month by adding your money to it, but what happens sometimes does not match expectations so you will lose and lose more money because in trading there is nothing consistent and my advice is that you can maximize your profit at one time.
You wouldnt learn up those things if you dont able to experience that one because there are really times that people anticipate or expect that much which would result into those actions which
could really be missing out those right time sell out opportunities.

One reason on why we do deal up with this market is the sole purpose of making profits.Letting your impatient kind of behavior or being too much confidence would really
be putting you in nowhere.
Never be on a hurry because you would really be making out mistakes if you dont really think up and analyze things well.

chikading2016
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March 12, 2021, 03:59:11 AM
 #102

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

This is just your opinion based on your experienced I think. Do you know why I said this? Because there are some traders here they know if the coins are going to dump the price or pump, where they need to be in a hurry to sell before it's too late. Therefore, implementing in a hurry sometimes is good but not all the time.
I agree there are some moments that we nees to sell the token or coin, but sometimes we also need to wait and have patience to earn big profit, it  you sell in hurry there are great posibility that you can only earn small profit beause you are hurry, but if you hold it you can really earn big specially when you buy bitcoin or ethereum, just look at the price from year 2009 until 2021 and you will see how important to hold with patience.

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March 12, 2021, 12:20:13 PM
 #103

because the market is unpredictable then you cannot do it that way continuously, for example you buy low in the first month and are sure to get a profit in the second month by adding your money to it, but what happens sometimes does not match expectations so you will lose and lose more money because in trading there is nothing consistent and my advice is that you can maximize your profit at one time.
You wouldnt learn up those things if you dont able to experience that one because there are really times that people anticipate or expect that much which would result into those actions which
could really be missing out those right time sell out opportunities.

One reason on why we do deal up with this market is the sole purpose of making profits.Letting your impatient kind of behavior or being too much confidence would really
be putting you in nowhere.
Never be on a hurry because you would really be making out mistakes if you dont really think up and analyze things well.


it's not like that I mean but the market conditions will not be exactly the same every day I mean when you get a profit now and you try the same method the next time it could be different results
so when you get profit make it as much as possible because the same opportunity may not come anytime soon.
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March 12, 2021, 01:06:24 PM
 #104

Not being too fast though will also have you get left behind. Imagine this, what if the prices were around 100 USD and you said to yourself that there is no need to hurry, the price might drop a little but suddenly the price skyrocketed and then it didn't go back to 100 USD, wouldn't that still be a good idea to not hurry. What is better is if you have faith in something and it shows an opportunity, try to grab it because that opportunity might only happen once.
Many people think the same way you think and they make mistakes, sure there are some good traders who could act very quickly and make a profit but there are very rare of them, not many of them are like that, which is why I think it is quite obvious that we should not really focus on those rare instances but look at what generally newbies do.

Those newbies who try to act quickly to "not be left behind" end up making stupid trades and lose a lot of money, if you are good you could be doing it properly but there are very bad ones who are not like that and end up losing all their money in trading. This is why there is really nothing that could be rushed in crypto trading, that is why I believe everyone should be taking good long care about what they are doing, otherwise there is really only an option of losing money if they rush, only do that if you are veteran in trading.

MiningBattalion
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March 12, 2021, 01:54:50 PM
 #105

Not being too fast though will also have you get left behind. Imagine this, what if the prices were around 100 USD and you said to yourself that there is no need to hurry, the price might drop a little but suddenly the price skyrocketed and then it didn't go back to 100 USD, wouldn't that still be a good idea to not hurry. What is better is if you have faith in something and it shows an opportunity, try to grab it because that opportunity might only happen once.
Many people think the same way you think and they make mistakes, sure there are some good traders who could act very quickly and make a profit but there are very rare of them, not many of them are like that, which is why I think it is quite obvious that we should not really focus on those rare instances but look at what generally newbies do.

Those newbies who try to act quickly to "not be left behind" end up making stupid trades and lose a lot of money, if you are good you could be doing it properly but there are very bad ones who are not like that and end up losing all their money in trading. This is why there is really nothing that could be rushed in crypto trading, that is why I believe everyone should be taking good long care about what they are doing, otherwise there is really only an option of losing money if they rush, only do that if you are veteran in trading.
I’ve been watching this bitcoin situation for a few years, assuming it would just blow over.The reason why is that it’s not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments.These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future.
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March 12, 2021, 02:03:07 PM
 #106

That means you make several buy and sell orders which of course requires patience, but for me buying or selling at the same time is not a problem as long as you can accept the risk. Prices will not always continue to rise and fall and therefore, buying and selling at the same time can be the right way too because this has always different moments and we have to be able to adjust it. Because we don't always do it in stages, because at least there will be times that will make your trading more varied.

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March 12, 2021, 05:06:48 PM
 #107

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.
That is a lesson I learnt from the past and I have followed it since then, never to be in a hurry when doing anything in this market. And I think there are some rules that will help you to be able to calm down no matter the market situation, and it’s not really a matter of buying $5 to $20 like you have said, because you buy with a small amount to monitor the market and it will start increasing at that moment, and if you’re the type that follows that method you will invest and the market might start going down and you will regret and might still be forced to sell your assets, and at loss.

So, it’s important that you make sure that you’re going by the first rule which is investing that amount that you can only afford, it is very important, and you will be calm in any situation as it wouldn’t bother you.
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March 13, 2021, 11:36:12 AM
 #108

Ive experienced that also, buying all out in a hurry on a specific coin causes losses. Some traders buy a trend coin in a hurry,they dont even think about it first or research that specific coin before they buy,they think about profit and it all went up with losses in the end.

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March 13, 2021, 01:23:24 PM
 #109

For me its just works for buying bitcoin. Because when we buy actually we are choosing our position in trading so in my point of view we should not be in a hurry at that time. But when there is bull market and we already can get enough profit then I think it is okay to sell in hurry when the price starting to fall, this is what I call avoiding the greed. Of course analyzing the chart also important in decision making. But when the time is close to bitcoin halving then we should be in a hurry to buy bitcoin because the price definitely will rise, so don't miss the chance.

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March 13, 2021, 06:56:58 PM
 #110

Hurry has led many traders to wrong choice during the pandemic when the price of bitcoin hit $30k to $40k, that make so many traders to release their coins for sale, hoping that the price of bitcoin will not get to $60k before 13 of March  2021. As a trader who want to go far in the areas of profit making, should try to avoid hurry in the areas of trading not to make a bad decision. When the price of bitcoin or cryptocurrencies is not too stable in the market don't be in hurry with that coins you are holding because you are very close to success if you can exercises patient.

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March 13, 2021, 06:59:24 PM
 #111

Hurry has led many traders to wrong choice during the pandemic when the price of bitcoin hit $30k to $40k, that make so many traders to release their coins for sale, hoping that the price of bitcoin will not get to $60k before 13 of March  2021. As a trader who want to go far in the areas of profit making, should try to avoid hurry in the areas of trading not to make a bad decision. When the price of bitcoin or cryptocurrencies is not too stable in the market don't be in hurry with that coins you are holding because you are very close to success if you can exercises patient.
Bad decision would always be there since we arent perfect plus this market is way too unpredictable.There's no way that you can know up things on what would happen ahead.

This is why immediate action or short term ones is considerable as long you do make out profits.Patience is one key for your success but you should really know on when to secure out those profits
that you had made.

Bad decisions are common but doesnt mean that we shouldnt really make to compensate of the lost that we had experienced.Lots of trials and errors would really be done on this one.

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March 14, 2021, 12:19:00 PM
 #112

Yes you are right I also learned not to hurry in Buying or selling any coin. Selling in batches is good idea. I have got big loss because of hurry. So I suggest you not to hurry. Sometimes hurry in selling is good but this is other situation. When price suddenly increase high then you can do hurry in selling.
Viscore
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March 14, 2021, 01:24:33 PM
 #113

Yes you are right I also learned not to hurry in Buying or selling any coin. Selling in batches is good idea. I have got big loss because of hurry. So I suggest you not to hurry. Sometimes hurry in selling is good but this is other situation. When price suddenly increase high then you can do hurry in selling.
You're right, not all the time that we are in the hurry will have a negative effect, it sometimes also beneficial to ours. Emotions make people deciding to be like this and this kind of feeling is hard to control and this brought losses to most traders/investors.

Just like to share my experience,
I have a coin (likely a dead coin) stuck in my wallet for almost a year. The last time I check it valued only at $60, but I was surprised when I check it again last week, it is already at $600. Maybe, if I'm in a hurry and sell after receiving the token, I badly regret seeing it now.


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March 14, 2021, 04:52:24 PM
 #114

That's actually one of the lessons that I have learned in crypto trading especially when I have sold my holdings at a lower price due to panicking. Sometimes, we really have to trust the potential and capability of our coins and we should also learn how to handle our emotions. There are actually instances where unexpected coin could boom in time so patience is really important.
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March 17, 2021, 10:23:48 AM
 #115

That's actually one of the lessons that I have learned in crypto trading especially when I have sold my holdings at a lower price due to panicking. Sometimes, we really have to trust the potential and capability of our coins and we should also learn how to handle our emotions. There are actually instances where unexpected coin could boom in time so patience is really important.

that is why you have to make a target when to sell your coins, believe that no matter how strong you will hold it, it might be a little tempting to always look at market conditions, especially when the market goes up / down quickly the target that you had to hold back could be sold because you were tempted / panicked.
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March 17, 2021, 06:06:28 PM
 #116

It's not that bad to sell in a hurry, after all the pump won't last forever and you know there will always be some weak hands that let their emotions or fud make them sell off in a hurry, they still don't don't know that the financial market is all about transferring money from the impatient to the patient ones who are willing to hold for a long term, I agree with the part you talked about selling in batches, I normally use that method too and it helps me not to miss out of the pumps.

Oilacris
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March 17, 2021, 08:08:59 PM
 #117

because the market is unpredictable then you cannot do it that way continuously, for example you buy low in the first month and are sure to get a profit in the second month by adding your money to it, but what happens sometimes does not match expectations so you will lose and lose more money because in trading there is nothing consistent and my advice is that you can maximize your profit at one time.
You wouldnt learn up those things if you dont able to experience that one because there are really times that people anticipate or expect that much which would result into those actions which
could really be missing out those right time sell out opportunities.

One reason on why we do deal up with this market is the sole purpose of making profits.Letting your impatient kind of behavior or being too much confidence would really
be putting you in nowhere.
Never be on a hurry because you would really be making out mistakes if you dont really think up and analyze things well.


it's not like that I mean but the market conditions will not be exactly the same every day I mean when you get a profit now and you try the same method the next time it could be different results
so when you get profit make it as much as possible because the same opportunity may not come anytime soon.
Would really be an endless one when it comes to possible methods that should really be used which is the hardest thing where lots of trial and error will really be done.It is just depending
on how you do deal with it.

Dont make yourself in a hurry on all angles neither on hurrying up on taking or making profits or hurrying up yourself on taking a shortcut on learning everything.

Take it slowly but surely.Mistakes cant really be avoided but it can really be minimized.

Yamifoud
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March 17, 2021, 10:25:44 PM
 #118

It's not that bad to sell in a hurry, after all the pump won't last forever and you know there will always be some weak hands that let their emotions or fud make them sell off in a hurry, they still don't don't know that the financial market is all about transferring money from the impatient to the patient ones who are willing to hold for a long term, I agree with the part you talked about selling in batches, I normally use that method too and it helps me not to miss out of the pumps.
I'm done experiencing selling in batches and it finds good but we also have to consider the situation especially when the trend is going to dump, and that won't be necessary instead of selling them all in 1 batch.

People think about selling in a hurry have in their mind to catch the best price and yes, it sometimes results in bad or good. But since we really don't know what will happen next, it is not a wrong call at all. We decide to do it because that is what comes out of our mind unless if we are too dumb not to feel the surge to come because we are controlled by our emotions.
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March 17, 2021, 10:59:34 PM
 #119

Actually, if we stick to the plan, there is no need to rush in trading, because we have already determined buy and sell targets. So before
the buy / sell target is reached there is no need to do anything, because acting outside the plan is usually making a loss in trading.
In other words, we really need to have patience in trading, if we really want to get a profit. Crypto market is volatile, making us panic
and take action outside the plan. This must be avoided.

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March 17, 2021, 11:01:48 PM
 #120

because the market is unpredictable then you cannot do it that way continuously, for example you buy low in the first month and are sure to get a profit in the second month by adding your money to it, but what happens sometimes does not match expectations so you will lose and lose more money because in trading there is nothing consistent and my advice is that you can maximize your profit at one time.
You wouldnt learn up those things if you dont able to experience that one because there are really times that people anticipate or expect that much which would result into those actions which
could really be missing out those right time sell out opportunities.

One reason on why we do deal up with this market is the sole purpose of making profits.Letting your impatient kind of behavior or being too much confidence would really
be putting you in nowhere.
Never be on a hurry because you would really be making out mistakes if you dont really think up and analyze things well.


it's not like that I mean but the market conditions will not be exactly the same every day I mean when you get a profit now and you try the same method the next time it could be different results
so when you get profit make it as much as possible because the same opportunity may not come anytime soon.
Would really be an endless one when it comes to possible methods that should really be used which is the hardest thing where lots of trial and error will really be done.It is just depending
on how you do deal with it.

Dont make yourself in a hurry on all angles neither on hurrying up on taking or making profits or hurrying up yourself on taking a shortcut on learning everything.

Take it slowly but surely.Mistakes cant really be avoided but it can really be minimized.

well, I agree some people are impatient and always think the same and expect the same results, for example someone buys an ico coin and makes a profit from it then buys another ico coin and expects the same result more to think that he will get the same profit like Previously, this was where an important role in analyzing and minimizing risk was needed.
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