simple technique of selling high and buying low.

[ipanks]

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.

Basic technique buying at lowest price and will sell it higher, these technique is simple but effectivw. But choosing the right coin would be mean a lot. Choosing the right coin will get you  higher profit if you. You can also learn other techniques,read graphs so that you may be efficient in trading

Choosing the right coin is difficult because that will depend on analyzing the coin from so many coins on the market. Many of us choose the wrong coin because we do not really analyze the coin but follow what other people suggest. The techniques of buying low and sell high are basic, but there will be other things that we should learn when we can enter the market.

Choosing alone would already be a pain in the ass because of all the coins that we do have in the market then it doesnt mean that you had precisely predicted on what will happen ahead.
Buying is simple but selling would be questionable because you dont know if the price would really be heading up into your entry point.If yes then its a good call but if it dips
then t hats considered as a bad decision and this is where stress and anxiety would be felt which is normal.This is why we should really be aware on how this market works.
It might be simple as it sounds but when you are already doing it then thats an another story.

As long as you can select the top 100 coins list from CMC or Coingecko, I think those coins will potentially increase in the future. When you can buy low for the coin, that will be up to you on how you will sell those coins because when the price start the rally, you will need to have a target price to sell and I see that at that moment, people become greedy to make a bigger profit. They will not realize that the high price will not stay at the market for some time but the price will go down and make a correction again.

So if you see the price start rally and reach the highest price, you need to think about the high price you should price and profit.

[andriarto]

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.

The main indicator I often use for profit taking is usually RSI once price reach over 70 overbought region I sell and take profits or attimes when I had already earned the profit based on my risk to reward ratio I closed my trade, while I also  buy at oversold zone though  I  always watch out for candlestick patterns or Price Action before buying all these techniques requires constant practising especially when buying at dip or the peak the trader has to be extra careful to avoid massive losses or price draw down.

indicators do help us in determining attitudes, but we also have to remember that every indicator is not always correct. therefore we must react if the market does not go according to plan. the thing that often happens is when the price has gone out of our framework area, we don't dare to cut loss

[Yatsan]

As the word says "buy low and sell high" sounds too easy but the reality of it is that it is very hard to be executed for the fact that knowing when to buy and sell is a challenge already that even long time traders are still having a hard time to put into proper timing. Strategies on trading are easy to be stated but hard to put into action for we are working in a highly volatile market on which time is also an incredible foe to be stated since within a time frame many things can happen. It is up to you on how you will strategize your trading. Just be sure to be familiar on the market you wanted to get into before doing engagement to somehow manage the risk associated with it.

[milewilda]

As the word says "buy low and sell high" sounds too easy but the reality of it is that it is very hard to be executed for the fact that knowing when to buy and sell is a challenge already that even long time traders are still having a hard time to put into proper timing. Strategies on trading are easy to be stated but hard to put into action for we are working in a highly volatile market on which time is also an incredible foe to be stated since within a time frame many things can happen. It is up to you on how you will strategize your trading. Just be sure to be familiar on the market you wanted to get into before doing engagement to somehow manage the risk associated with it.

And this is where most noobs do believe that it was just easy until the real experience and interaction on the said situation will really be opening their eyes that dealing with moving price isnt really simply on the
actual situation where emotions and decision making would really mixed up because you dont know on what would happen next.Some said about simply techniques but applying it on the actual thing
will really be much off difference when you are already making the trades.This might be the basic but even doing as simple as this would be the toughest game of all.
Therefore, you should do your assignment on researching up things like using technicals and stuffs or any that would be relevant on what you are doing.

[nelson4lov]

As the word says "buy low and sell high" sounds too easy but the reality of it is that it is very hard to be executed for the fact that knowing when to buy and sell is a challenge already that even long time traders are still having a hard time to put into proper timing. Strategies on trading are easy to be stated but hard to put into action for we are working in a highly volatile market on which time is also an incredible foe to be stated since within a time frame many things can happen. It is up to you on how you will strategize your trading. Just be sure to be familiar on the market you wanted to get into before doing engagement to somehow manage the risk associated with it.

That's the thing with the crypto market. It's very volatile so it's much more harder to achieve the "buy low, sell high" principle since there's no sure fire way of knowing tops and bottoms. These TA tools at best, help us to determine zones that we can sell and buy back lower but it takes cut to take guts and emotions to sell and buy at those levels because you can think you're selling a top and then price goes up and doesn't return for you to buy back lower hence you end up missing out on those juicy upside gains. The same with buying falling knives.

[Sinjokubhi]

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.

I also want to add a few tips as follows:

This can be in the form of trading or investment, but there are a few things that need to be considered again, namely you need to determine your target. How much do you want to make or need later. So that you don't worry later when you get enough profit, but you just keep on going. This is an unkind quality, namely greed for profit. If that is enough, don't take too much profit without paying attention to market volatility. Next, you need to pay attention to performance. The past performance of investment instruments can be your picture for the next chart movement. Whether the chart is moving stagnant or even no development, if there is no development it means that the possibility of future movements will not be significant.

Diversification is also important in investing. Where you allocate funds to various investment instruments, the meaning is not to invest in just 1 currency to minimize risk. If the wrong currency that you invested has a loss, you can return it in another currency. As I said, you have to be patient, don't overdo it, don't get provoked by emotions or lust for profit. So that your financial condition does not fall apart later.

[EiKaGlaShPriSAThWEl]

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.

I also thought trading was as simple as Buy Low Sell High but I can't determine which is low and which is high. Yesterday I was talking to different persons that are now involved to trading and I guess they knew more in trading than I do. I did research and I found something which is "support and resistance" that refers to the price chart. Determining the two before trading may help you pinpoint on when to buy and to sell plus the use of stop loss to prevent losing too much of your money.

[rosebrand]

Buying low and selling high is actually a profitable technique of trading which is very easy that even a newbie in trading can follow this process and be profitable as well, but most people sees it so difficult to follow this strategy because some times there might miss out buying the deep in fear of price going deeper, well the little technique I used when I was new to trading was buying every deep and selling when prices goes up, all I do is trade support and resistance and at a point it worked for me, if prices must have moved so high I look for the last support and set my buy order close to it, some times it might take days for the order to fulfill but believe it turns out fetching profit for me.

[conected]

Buying low and selling high is actually a profitable technique of trading which is very easy that even a newbie in trading can follow this process and be profitable as well, but most people sees it so difficult to follow this strategy because some times there might miss out buying the deep in fear of price going deeper, well the little technique I used when I was new to trading was buying every deep and selling when prices goes up, all I do is trade support and resistance and at a point it worked for me, if prices must have moved so high I look for the last support and set my buy order close to it, some times it might take days for the order to fulfill but believe it turns out fetching profit for me.

- Really lucky if the novice can be successful with this technique because according to what I've been thinking, this technique needs its users to get sharp and right into the nature of the market, we need to know the deepest lows and heights of the profit candlestick, which sounds quite simple but involves a combination of too many different techniques. In general, the simplification of all problems seems to be the combination of the most complex techniques

[wiss19]

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.

Lol it’s not a simple technique, you can miss it at anytime. Unless you have plans to be investing and holding it for a very long time before you sell it. Long term buyers or investors have more chances that they are going to be selling at a profitable rate. But for short term investors, it’s going to be difficult, unless you’re highly skilled and can predict the price movement within a short period.

[perfect999]

I also thought trading was as simple as Buy Low Sell High but I can't determine which is low and which is high. Yesterday I was talking to different persons that are now involved to trading and I guess they knew more in trading than I do. I did research and I found something which is "support and resistance" that refers to the price chart. Determining the two before trading may help you pinpoint on when to buy and to sell plus the use of stop loss to prevent losing too much of your money.

Yes and that’s why trading is not an easy work, if you can’t do that analysis, your success in trading is definitely going to be a really difficult thing. If you do follow up with cointelegraph, they do all these analysis with support and resistance still it would be better if you learn your technical part which will help you trading profitable without depending on any signal providers. Trading is simple if we learn how to predict the movement of market directions.

[darewaller]

Long term buyers or investors have more chances that they are going to be selling at a profitable rate. But for short term investors, it’s going to be difficult, unless you’re highly skilled and can predict the price movement within a short period.

There are big differences between long-term and short-term trading and obviously on what coin you are holding will be deciding your levels of profits even in long run. Because, I am seeing lot of people are crying for not making any profits after holding shitcoins for years. Always planning with bitcoins for long term holding will definitely get us big profits but unfortunately not all the people are listening to this kind of suggestions.

if you can’t do that analysis, your success in trading is definitely going to be a really difficult thing.

People are having alternate when they are not good in analysis; they are going for buying signal from third parties or some platforms/brokers are providing copy-trading facility which gives opportunity for anyone to make profit trading without the need of any technical analysis skills.

[tvplus006]

I also want to add a few tips as follows:

This can be in the form of trading or investment, but there are a few things that need to be considered again, namely you need to determine your target. How much do you want to make or need later. So that you don't worry later when you get enough profit, but you just keep on going. ..

If you incorrectly determined the selling price of a coin and sold it much earlier than the moment when it reached high, you may be out of the market for a long time. Because in this case, you may not be able to buy a coin for a long time cheaper than you sold it.

[Oceat]

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.

Lol it’s not a simple technique, you can miss it at anytime. Unless you have plans to be investing and holding it for a very long time before you sell it. Long term buyers or investors have more chances that they are going to be selling at a profitable rate. But for short term investors, it’s going to be difficult, unless you’re highly skilled and can predict the price movement within a short period.

I will agree on this one since the crypto market is very volatile and you can't easily get a profit for trading in a short time aka scalping. You need to be very highly skilled on this part because one wrong move and all of your funds will be gone for good technically.

I would rather choose to hodl for a long term than do the short term trading because without an understanding about the market is just like gambling. It may sound easy to buy low and sell high but to be honest, it's not. Even the most skilled trader still lost in trading but that doesn't mean they can't regain it back unlike those who aren't skillful enough would lose everything eventually.

[SquallLeonhart]

Long term buyers or investors have more chances that they are going to be selling at a profitable rate. But for short term investors, it’s going to be difficult, unless you’re highly skilled and can predict the price movement within a short period.

There are big differences between long-term and short-term trading and obviously on what coin you are holding will be deciding your levels of profits even in long run. Because, I am seeing lot of people are crying for not making any profits after holding shitcoins for years. Always planning with bitcoins for long term holding will definitely get us big profits but unfortunately not all the people are listening to this kind of suggestions.

I guess that is both true and wrong at the same time if you ask me. It is true because long term bitcoin holding definitely makes you a lot of profit and that is just a fact, you are 100% right on that and nobody can argue against it, look at the price now and look at what it used to be and you see that if you can buy and hold bitcoin you will make a good amount of profit.

However the wrong part is that we are talking about something much clinical when it comes to "shitcoins", which is the part where we do not really know what is a shitcoin. I believe dogecoin is a shitcoin, it always was and it always will be, the supply is insane and centralization is crazy and some dude just tweets about it and the price goes up, that is just not normal at all. Which is why if we can say which one is shitcoin, we wouldn't buy that neither and people just fail to see which are and which aren't.

[TheUltraElite]

this is what becomes difficult in trading. looking for the right time, and looking for the right price. but sometimes feelings get carried away in trading so that we can't focus on the framework that has been created.

You have to keep it together fellow bitcoiner. Patience is the key attributes of a successful trader. You have to get in the proper time and exit before the crash. For this you need money at hand but you have to wait for the market to crash.

Less experienced traders who are enthusiastic about the market read the news articles that say "This coin reaches new highs" and that article contains some self-proclaimed genius who feels this is the next dotcom bubble.

These people make the wrong decisions of buying at the high and that my friend, is a mistake you will pay for ever. I always see new threads in this forum when bitcoin goes up and they are asking for advice as to what coin to buy when it actually is the time to sell. Funny that such people dont come here when the market crashes, which is the time to buy.

[Kittygalore]

Buying low and selling high is actually a profitable technique of trading which is very easy that even a newbie in trading can follow this process and be profitable as well, but most people sees it so difficult to follow this strategy because some times there might miss out buying the deep in fear of price going deeper, well the little technique I used when I was new to trading was buying every deep and selling when prices goes up, all I do is trade support and resistance and at a point it worked for me, if prices must have moved so high I look for the last support and set my buy order close to it, some times it might take days for the order to fulfill but believe it turns out fetching profit for me.

It is profitable if you aren't a weak handed trader because not all the time there are highs when you are doing that and sometimes the prices that you are waiting for might not arrive for days, weeks or even months so do this with the knowledge that you might have to hodl your coins for a while. Also don't do this if you don't have any cryptocurrency yet, enter as early as you can because you might not find the right price to enter and the price continues to go up.

[Questat]

....

It is profitable if you aren't a weak handed trader because not all the time there are highs when you are doing that and sometimes the prices that you are waiting for might not arrive for days, weeks or even months so do this with the knowledge that you might have to hodl your coins for a while. Also don't do this if you don't have any cryptocurrency yet, enter as early as you can because you might not find the right price to enter and the price continues to go up.

That is a need for us to set our goal before trading. It is very important for us to be guided and not getting worried about the market changes. It eventually showing changes all the time, if we just ignore that and don't let our emotions drive us but rather to stick the plan, that could be very easy. But if we are an emotional trader, this could be a big challenge that we need to conquer otherwise, this will be the reason of our failure and losses.

[Rengga Jati]

In fact,  trading is not that simple "buying low and selling high" 
There are some analysis and indicators to be considered. Moreover,  we don't know whether the price will go up or down after directly.

[Kittygalore]

~

That is a need for us to set our goal before trading. It is very important for us to be guided and not getting worried about the market changes. It eventually showing changes all the time, if we just ignore that and don't let our emotions drive us but rather to stick the plan, that could be very easy. But if we are an emotional trader, this could be a big challenge that we need to conquer otherwise, this will be the reason of our failure and losses.

That's the challenge, to become consistent and not to go with the flow and many people have a hard time doing that because they can't seem to shake the fact that they are losing knowing that it is a short-term problem.