Kittygalore
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May 08, 2021, 07:02:52 AM |
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You have to identity the resistance point. In case of setting your target. So first learn where to buy and sell buy learning support and resistance. It will be much better for short trade. But if you wanna earn a lot of cash. Then learn how to identify the long term porject.
Long-term is an uncertain but a profitable one of the two choices. If OP doesn't get his/her price then probably OP should assess how he/she does things when trading and try to tweak the actions that OP does in a different way to see different results.
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izanagi narukami
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May 08, 2021, 08:36:23 AM |
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It's certainly difficult situation when support become new resistance etc but that's the world of trading.
You want profit? Go for it !
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semobo
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May 08, 2021, 03:38:28 PM |
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Just like the OP, trading with bitcoin for beginners is kind of confusing which is why for that decision taken by the OP, most probably he'll begin to see some changes like for now there's an assurance of his trade getting executed as the price of bitcoin won't be having mush effect on the altcoins/USDT pair unlike that of bitcoin pairs.
Traders who are just beginning their trading career confuses their analysis with USD value when they are trading with a BTC pair, the analysis should be based on what kind of pair we choose to find the better sign of market movements or else we will never get the value we wanted unless we are just lucky. Even though the technical analysis doesn't give any assurance to the market movements accuracy but still it should one thing to be learnt by the trader who is doing short and intraday trades. right, short-term trading requires a reference to be a guide in trading. and I think technical analysis is suitable for short term trading. on the other hand, short-term trading cannot use fundamental analysis which is very time consuming FA in short term trading can be helpful to reduce the risk factor but its not really needed for such type of trading since the trading window of a short term trader is very small so all they need to do is to find the coin which is going to surge then buy it and wait for the price to increase to sell them and they will move to other currency based on their analysis.
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Kez1817
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May 08, 2021, 04:58:29 PM |
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I'm not sure if I'm not understanding you or if you're not understanding me. I predict the price will drop and it does drop, but because Bitcoin is constantly on the move sometimes I don't buy the crypto for the price that I really wanted.
In order for you to understand the crypto market and how trading works, much better to learn it first, the movement of the market, the graph and the changes of price both in buy and selling order. Don't be confuse, if you use bitcoin to trade and put your order with small gap, then expect that your profit if ever is just a cent, depends on your capital. Remember also that bitcoin is volatile and trading is risky.
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Xinarae*
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May 08, 2021, 05:08:34 PM |
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It is foolish to expect to make a profit without practicing the market properly in the first place something will go wrong it happens to everyone but the problem is when you only plan to make a profit you will be a little frustrated because you are right up there did not understand the way trade. You can make a profit by combining everything bitcoin is upward then you can make a good profit otherwise when you go to trade and bitcoin goes down, you will lose there is nothing specific here you always have to take a risk.
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jahepahit
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May 09, 2021, 10:57:25 PM |
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the volatility is what brings the profits. when price changes either to upside or downside, the value you get will be different thats why the value changes when your order is filled. thats the beauty of the game. the more volatility, the more profits and the more risk.
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sulendra12
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May 09, 2021, 11:16:11 PM |
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Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00.
That's your fault anyways. Don't ever expect anything on trading, yes sure it's okay to dream and hope to get the best but that's not how it works but it will ended up into despair and pain. I would prefer to play around the situation and market instead of just trying to get the highest price that you would never make it. Quality over Quantity guys!
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2double0
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May 09, 2021, 11:17:11 PM |
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the volatility is what brings the profits. when price changes either to upside or downside, the value you get will be different thats why the value changes when your order is filled. thats the beauty of the game. the more volatility, the more profits and the more risk.
I don't know what Op tried to say, but if it is about the US dollar value, then it will change every moment because of the price of btc. If it is of a trade where part of his trade value gets bought and remaining amount still remains in the limit order, either it is because of fake orders or it may be due to markets turning back from that very price Op tried to buy from, and part of his trade got filled there.
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Peanutswar
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May 10, 2021, 05:05:40 PM |
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A limit order is taking the position where to buy and sell and I think there's no error between that because it's already fixed to set in the order preferred by the user the system cannot make an action does not command by the user are you sure that you limit with the 2 USD?
This is the reason why we get profit because of the market volatility if you don't know and can't handle this you will get fell behind like the others it's better if you keep your self aware about the environment you would like to join too to avoid getting mistakes all of the professional traders got failures and becomes beginners so keep your self conscious in trading or else your funds will fly away.
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May 10, 2021, 05:16:21 PM |
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@poster, to be sincere, I don't quite understand what you mean, but whatever issue you are having, might be tied to the exchange you are using, maybe you trying to set a stop loss or something and it doesnt work, I will suggest you try the same on another exchange and see the result will be, or better still, you can Google search the problem you are having and include the exchange name, possibly there will be some guys who have experienced the same issue and some how were able to surmount it, you can gain their experience and apply the same knowledge to your trading and see if that solves your problem.
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elisabetheva
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May 12, 2021, 03:36:30 AM |
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That's your fault anyways. Don't ever expect anything on trading, yes sure it's okay to dream and hope to get the best but that's not how it works but it will ended up into despair and pain.
I would prefer to play around the situation and market instead of just trying to get the highest price that you would never make it. Quality over Quantity guys!
all ultimately return to the readiness to do something, as well as in trading. must analyze properly and must precisely determine the time when to sell or buy it, because errors in calculations can make existing funds, can be drained and may be exhausted. the best teacher is the experience of the mistakes we have ever made so that we will not make mistakes again. everyone can take different actions because depending on the situation at that time, it is true that the colleagues above, do not just try to get a high price, but if we need to sell at a slightly different price but still profitable is one of the best ways too. yes, it is true that quality is determining rather than quantity alone. ready in any situation to be able to accept the reality because not everything will end well, but keep trying to keep improving again.
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leea-1334
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May 12, 2021, 07:14:36 AM |
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OP just needs to use a better exchange that actually fills the order exactly at the price they want. Limit orders should only give you the price you want,,, or at least, very near it. Hope he comes back to share a screenshot or something.
On the related topic,,, I am still waiting for one of the DEX to make a Limit Order possible:)
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sarmrakib
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May 12, 2021, 09:44:09 AM |
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Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?
I think you are just falling to reach the trend or you just loose your patience to get your order price. I think you will not face this thing on direct market order. However you may select more close order to avoid the inaccuracy of the price which you want.
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Ararbermas
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May 12, 2021, 04:26:17 PM |
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Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?
you should use some tools or indicators so that at least you can get a clue or something helpful which necessarly when it comes trading .. Because you know traders usually use that kind of technique wherien in order to predict the direction of the growth rate. But yes sometimes it was epic fail, but if you really know how to mixed all the tools just to determine the real possibility of growth rate perhaps your win rate will increase despite of being so volatile of the market.
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dunfida
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May 12, 2021, 04:58:13 PM |
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Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?
you should use some tools or indicators so that at least you can get a clue or something helpful which necessarly when it comes trading .. Because you know traders usually use that kind of technique wherien in order to predict the direction of the growth rate. But yes sometimes it was epic fail, but if you really know how to mixed all the tools just to determine the real possibility of growth rate perhaps your win rate will increase despite of being so volatile of the market. When it comes to trading then its just sensible for you to make use of those indicators rather than on making out some blind trades without any basis or simply you've been dealing with intuition and guessing which would might end up on having that gambling like behavior. Even though indicators wont really be precise but it is much better to have this one and also for op, he shouldnt really be in a hurry on making profits because market is always volatile and unpredictable.
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fahmimajannat
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May 12, 2021, 05:50:45 PM |
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You will first learn how to draw support and resistance line. Then it will be much more easier than before. It will help you to identify the entry and exit price. So its better to learn somw basic things while you are trading.
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rosebrand
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May 13, 2021, 10:14:16 PM |
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I don't really understand your question but I will answer based on what I think you mean, well In executing trade there are two ways in which a position can be taken, there is a market order and a limit order. Using market order means your buying at the current price and the system helps you to buy at the best market price automatically and at a very fast time interval and there is a maker fee applied which is just like the trading fees, while In limit order you set the price you want to buy at and wait for ur order to pick. Using a limit order there are no charges like maker fees for executing a trade.
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SacriFries11
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May 16, 2021, 02:49:02 PM |
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You will first learn how to draw support and resistance line. Then it will be much more easier than before. It will help you to identify the entry and exit price. So its better to learn somw basic things while you are trading.
Yes, it's like a gamble if we jump into trading without any background about how trading works even in setting of entry and exit. People with the zero knowledge about trading can mistakenly set an order in the smallest price like in HotBit where the order set by $15k dollar. Basic knowledge about cryptocurrency is very important, it's the foundation of someone's journey in crypto world. I don't know why people immediately buy tokens without researching the project's purpose and how it's will be different in other cryptocurrencies.
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iamsheikhadil
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May 16, 2021, 03:38:36 PM |
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This is strange, if you are doing limit orders, your order should be fulfilled at your desired buying/selling price, and you can check at how much your order was bought or sold in order history and what triggered the execution of it. As another member said, it is most likely because you have put a stop loss or something that is executing the order before it reaches your desired target.
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