simple technique of selling high and buying low.

[Tomiwa_akin]

profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt. if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.

[TheUltraElite]

One thing I generally tell others to make sure they dont miss out is to buy in every dip after a certain percentage drop in price - keep those listed in a excel sheet and accordingly sell them at a profit whenever the rise happens.

You might think that you are going to buy at the perfect dip, but the perfect dip never happens - so you must capitalize on the dips that happens, like for example, yesterday and the day before bitcoin was down to 52k USD Levels and now if you bought there and sold today when it is back to 55k or more, you have made a profit.

A huge dump is less likely to happen right away, hence the division of liquid cash to buy that more than one dip. This is better said than done though, while doing so you might think twice before taking the risk but it can work out.

Another important thing is patience. Watch the market and if you see more stagnancy then go with the above technique. But if the market becomes too volatile, you might want to stop trading for a while of buy at very low price.

[Princeofpoetry]

One thing I generally tell others to make sure they dont miss out is to buy in every dip after a certain percentage drop in price

Do you mean that when the price drops to 20% or more%, this is a good time to buy? I tried that method but when I buy the price drop again. It is true that you say understanding market conditions and situations is the knowledge not to lose buying and selling moments in trading.

[awik p]

profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt. if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.

consistency in the analysis of the framework is needed. we don't know when the price will peak or be in the valley. Therefore, with a framework we can determine the maximum profit and maximum risk if a cut loss occurs according to our portion.

[TheUltraElite]

Do you mean that when the price drops to 20% or more%, this is a good time to buy? I tried that method but when I buy the price drop again. It is true that you say understanding market conditions and situations is the knowledge not to lose buying and selling moments in trading.

Since I am mostly trading bitcoin, I rarely see that number, but of course yes, in Bitcoin if the price falls any place more than 5% of current price it is a good position to buy. However this percentage will change with change in the base price. Meaning that back in Bitcoin price 600$/BTC the 5% drop would mean much less than Bitcoin price of 60000$/BTC, I hope you understand the angle.

Now going to altcoins, such dumps are more common there and the base price is not that high that even 20% drop can make up a large chunk. Hence I avoid trading in altcoins. But for your advice, the swings in altcoins will be much higher and you are somewhat in a bad ground that if the price keeps dropping. You could attempt to hold from there and not buy any more hoping to exit the position if it rises again.

Again altcoins will end up often as Pump and Dump and often go beyond your control. It is therefore adviseable to reduce your portfolio of altcoins to a bare minimum of the top altcoins in the market.

[numanoid]

OP is desparate for money i guess. If anyone know exactly how to buy low and sell high, we all already on Forbes list right now. Instead buy low sell high, how about buy - forget - and HODL? it will be much better than trading for pennies.

All coin are same, either it bitcoin or altcoin, actually all coins are pump and dump. What makes them different only which coin usually get more attention and the usage of that coin.

[jrrsparkles]

profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt. if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.

Buy low and sell high that is the strategy so you need to execute them in own way because if it is possible to draw a formula to find how to find the exact time to sell and buy then the person could be a millionaire now.

[danherbias07]

Lots of coffee will help here.  You need to keep on monitoring the price and that means being awake.
Twitter, Facebook, Telegram, and Discord. Follow everything that could alert/guide you into being updated with price movements.
Binance is a good choice. Install the android application and put the coins you are trading in your favorites for a daily price alert.
I think Trust Wallet also does the same. (I'll check later.) You might want to add that to your list.
Go back to basics. Being a trader means learning more from the start.

[Wexnident]

Selling high and buying low doesn't only mean that you only need to do that, the most difficult part imo is identifying when that "low" and when that "high" is. Though in general, every dip is actually an opportunity, just that it's one thing to buy on a dip, it's another to actually maximize the profits you could get. I mostly avoid try to actually getting it and instead opt to what I could guarantee just so I could avoid losing what I was supposed to have already won.

OP is desparate for money i guess. If anyone know exactly how to buy low and sell high, we all already on Forbes list right now. Instead buy low sell high, how about buy - forget - and HODL? it will be much better than trading for pennies.

All coin are same, either it bitcoin or altcoin, actually all coins are pump and dump. What makes them different only which coin usually get more attention and the usage of that coin.

Ey, Buy low and sell high is basically day trading, and a faster way to earn instead of HODL. OP might need it immediately you never know. HODL takes way too much time to actually profit from, especially right now taking into consideration that the BTC market just recently hit ATH.

[Princeofpoetry]

Since I am mostly trading bitcoin, I rarely see that number, but of course yes, in Bitcoin if the price falls any place more than 5% of current price it is a good position to buy. However this percentage will change with change in the base price. Meaning that back in Bitcoin price 600$/BTC the 5% drop would mean much less than Bitcoin price of 60000$/BTC, I hope you understand the angle.

So it's safe to buy bitcoin if the price falls is 5% because there will be time for the price to go up again. will this only happen in the bullish period? how about the bearish moment? The price of bitcoin is the benchmark for dump and pump altcoins, so I will be more careful in choosing altcoins

[SquallLeonhart]

if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.

I am somehow manage to catch exact low and high by continuous monitoring along with moving average crossover strategy. When you're opting for a longer moving average then there will be the possibility of higher accuracy. Moreover I am following multiple strategies so that when more than one strategies are telling same thing to buy or sell them I am going for that without hesitations.

I'm not always looking for low to buy and high to sell. In other words, I'm just buying at oversold zones and selling at overbought zones. Technically this is not having big differences from what you have mentioned still overbought and oversold regions are high/low levels of on that particular day and not lifetime's.

[watergold]

to be honest today I teach how to trade to my brother who is new to crypto trading for the first time. although I have interacted with crypto for a long time and traded thousands of times, this technique is not easy. as you said should be studied deeper and control the level of emotions.

So, how funny I am teaching the technique of buying low and selling high to my brother this afternoon. and he is very enthusiastic about listening, asking questions and so on. until he finally made an initial deposit to a trusted exchange, Binance, for $ 20. (I suggest the amount of $ 20). with the reason to practice in order to interact with the market first, profit or loss problems are commonplace, the most important point for now is to learn until he finds a way to trade from his first experience (the first coin he bought was Waves).

The lesson is, even though we don't master trading techniques in detail, at least the knowledge we have can gradually be utilized by others.

as the proverb says "useful humans, are humans who provide benefits to others".

[bitgov]

There is no 100% successful strategy for this, it's all upon your personal skills. Usually when price drops, people don't buy and when price goes up people start buying. For me, I buy when price gets stable and dips start occurring after few intervals.

[AakZaki]

At least you need practice to do that. There are different standards regarding whether the price is low or the price is high. I think it's just a matter of looking at the Time Frame you created. If you are a day tarder or even a scalper. You have to watch the chart movement, and the trend. But from the person I know Bitcoin the most patient are people who hold back for several years my friend has a DOGE in price 14 satoshi. But it all depends on your trading skills, because a holder needs extra patience.

[isaac_clarke22]

You might miss, yes, but don't panic.
The panic is the outcome mostly by many traders when it comes into taking the chance to buy in the dip.
If you're indeed a trader, not the long-term one, you should be taking down the notes of the lowest dip of every month, maybe ATH as well for selling purposes.

[TheGreatPython]

profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt. if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.

Well you can’t really get the lowest price , but it’s always good plan your buying earlier, if possible some years ahead the expected time for the next bull run, that way you can hold till then and for sure you’re going to benefit from it.

Take for example, I didn’t get much from the bull run in 2017, so I decided to plan ahead for the next one that will come. As early as January of 2018 the market was already crashing and many people were losing money, people lost hope. Then I was kind of a noob, though I joined the community before then,but I wasn’t much active.I knew that from history the market usually goes up after every halving that takes place. I saw a lot of people predicting 2019 and 2020 to be the year for the next bull run, so I decided to invest around April 2018 when the price was around $6,800 and $7000 and then hold my coins till the next bull run. Even though the price did drop below that, but I never sold them, I kept holding it cause I planned ahead and was ready to hold it even if it took five years.

I think this explanation sheds a bit light on the kind of strategy I make use of when investing in cryptocurrencies; always buying ahead of time.

[Kasabus]

profit taking will involve a trader to buy low and sell high. it sounds simple but it isnt. if not properly mastered you might miss a time to sell and a time to buy back and intervals to do this buying and selling. share your skills and techniques that can be used to achieve this.

What could make this difficult to master is that because we even don't know what will happen next. You can't perfectly catch the higher price at all times. (but just be a lucky person if you did). And the other factor is that we had sometimes driven badly by our emotions and being greedy.

There is no such market perfection and not all strategies are working great.
Buy at low and sell at high, that is the best strategy that I've used since before, and everyone using this one.

[livingfree]

It's funny when I see this type of topic in other groups.

The memes are coming and says the opposite, buying high and selling low. 

But it's true that it might sound simple but doing it could be hard for others. The high price that they might see today, they're not yet contented and want to wait until it rises more.

In the end of it, they miss the selling opportunity when it starts to drop.

[hugeblack]

Buying at a low price and selling at a high price is an old theoretical strategy based on the basis that you know the levels of resistance crisis to buy and sell, but it is not the only way as it is considered theoretical and not practical. Or, more correctly, the mathematical method to make a profit.
Strategies for making profits in cryptocurrencies are variable and the easiest is DAC for those who do not want to risk.

[Yamifoud]

Buy, Hold, and Sell.
I don't see an ending story for this. It is a common practice since before and this actually working. Have we thought about changing it? I say NO. It was fine for me and I keep doing this over and over again even if somebody will tell me that this is obsolete coz it wasn't.

What we gonna do now is to enhance our skills and probably chart reading because that was more important to make decisions.