buying low and selling high

[qwertyup23]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

This method is every trader's and investor's dream- buying low and selling high indicates a profit on your end. While this method may sound simple, the reality is that this is a complicated task where both must exercise patience especially that the price of cryptocurrencies are highly volatile in nature.

Buying low and selling high is what everyone must do but in reality, it is difficult to execute given that the price of cryptos are volatile. This rule is also not absolute as you also have to set the parameters in determining what is "low" and what is "high."

[hugeblack]

Buy low and sell higher is the result/Goal of the application of trading strategies and not a trading strategy in itself, so you cannot implement it in practice, but it is intelligence that makes its owner rich in price, so try to attract it with all the subtraction.

[TelolettOm]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

This will really work in the spot trading, moreover for holding. because if we are holding the coins. we can wait for the price to rise up and reach a certain price as we target. This will be different if we are daily traders in which we may think of using stop loss to minimize loss. And we also donat know that in the short period, the price of the coins will be dropped or rise up again. That is why buying low and selling high will relate really to the matter of time, FA, and also the bullish-bearish market era.

[cryptoaddictchie]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

This is actually a good practice for newbies and even whale are more often using spot trading cause they taking advantage of their big pot money to move the price a bit or more. Yes what your relative said could be true cause the price is highly volatile and he can do a buy and sell method for his portfolio. Some even risk taker are still into spot than a risky leverage trading where your funds could be wipe if not done properly.

[Alisha-k]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

It is very profitable and can grow your portfolio within a short time but you have to know when to time your entry point to avoid loss. One thing about spot trading is that it takes less greed and more patience to get the best out of the market. Lastly you should know when the price is low, average, almost exhausted and high this means you are bound to your chart as long as your trades are open.

[KellyHands]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

This approach is a good way to grow ones portfolio, no doubt. But it comes with some level of risk. This is because the value does not always go higher than the value at which it was purchased. One needs to do some work and study the trend to know when to purchase and when to sell to avoid losing out. Secondly, it's also great to consider the coin that would be used for this exercise, there are many more altcoin in the market that don't have a good foundation and could go to oblivion anytime. These should be considered before making an investment decision.

[uchegod-21]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

I can say that it is a good method and it works for anyone that knows how to do it. My concern is when will you know when it is low to buy and also know when it is high to sell. The difficulty in knowing the low is the problem you will have. But if your friend can tell you how he was able to succeed you can follow so.

Everyone knows it I good to buy low and sell high but small number of people knows where there will be low and when there will be high.

[_BlackStar]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

Good practice is when your strategy actually makes you a profit, whatever it may be. Buy low and sell high are one of the trading methods that are guaranteed to make profit, but the question is: How do you determine the low and when do you think it is high?

Of course it's not as easy as turning your palm because you really have to make an analysis to determine the best time to buy.

[GeorgeJohn]

This is another kind of investment in cryptocurrency, i believe that cryptocurrency buying and selling of cryptocurrency will not make you to make profit as well. The thing that will give you a vital profit for investing for cryptocurrency. Is the process of purchasing cryptocurrency and hold and not exactly when the price is low or high, at least any time you feel like purchasing cryptocurrency.

[taufik123]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

Good practice is when your strategy actually makes you a profit, whatever it may be. Buy low and sell high are one of the trading methods that are guaranteed to make profit, but the question is: How do you determine the low and when do you think it is high?

Of course it's not as easy as turning your palm because you really have to make an analysis to determine the best time to buy.

it takes a technical and fundamental analysis. Buy Low Sell High is easy to say, but in practice it will not be that easy.
Determining when to enter and when to exit the market requires technical analysis, without using analysis as well as trading like gambling, only based on reason and luck. Psychology is also an important factor that will affect the final outcome of a trade or investment.

[Mpamaegbu]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

First off, there are certain things one is taught in theory that aren't that way in practical reality. Example is the buy low and sell high matra. This, in the true sense of the expression, doesn't exist. It's the same thing when anyone says something about overbought and oversold. I say this because no one can figure out a bottom or top while price is at that region. Anyone who tells you otherwise or says they knew Bitcoin top or bottom before it happened isn't telling the truth. This is a highly unpredictable industry. There's not certainty and that's why we say it's speculative.

[Kelvinid]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

Perhaps, this strategy has existed for many years and it was really effective when it comes to trading. In fact, even experts as still doing this which means that among all the strategies that have been created now, this is somehow ideal to use.
That is why we are too fortunate that we have this highly volatile market where we have the opportunity to buy low to accumulate more, then hold for a while waiting for the price to rise and sell. The design of the market seems to be really good in trading and even the bear season, traders still have the chance to survive and make profit from it.

[_BlackStar]

-snip-

it takes a technical and fundamental analysis. Buy Low Sell High is easy to say, but in practice it will not be that easy.
Determining when to enter and when to exit the market requires technical analysis, without using analysis as well as trading like gambling, only based on reason and luck. Psychology is also an important factor that will affect the final outcome of a trade or investment.

Of course and true if without analysis, traders are only gambling with their lucky from price fluctuations. But the average newbie does this, right?

I remember the early days of getting to know crypto. I really want to trade and also really want to invest, but I don't have the skills to make analysis. I'm sure all newbies must have experienced it, but if they really want to learn then sooner or later their knowledge will increase which in the end can be useful for them.  I'm sure everything is not easy, but consistency and high curiosity will affect our speed in understanding something new.

[JoyMarsha]

It sounds easy and simple, going by how you said it. If crypto trading is that easy, everyone would have adopted this strategy and be making a whole lot of money.

As it seems, the market is unpredictable to forecast whether there will be an increase or decrease in price in the next hours. That's why the majority of investors considered having a long-term investment due to the volatile nature of crypto. With that method, their goal is been set is make huge profits

[Cookdata]

is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?

Grow his portfolio? You can grow your Portfolio by buying low and selling high when the price appreciates and most of the time, it takes time to sell at the high time except if your relative is a trader and being a trader can be a daily or occasional trader who trades when in the mood or see an opportunity.
However, can one buy low and sell high and still increase their portfolio? You can increase your portfolio when you buy coins more and more with dollar cost average in every opportunity which is always this kind of times(bear time) and sells high when the price appreciates.

[Peanutswar]

Even we said doing a buying low and selling high as a basic concept still it requires a good practices like making a stop loss and take profit and always make a manage what kind of trading plan you will make in what time frame like long or short term example make a trade in 4 hr time frame, day, weeks or months. Even though it is looks like simple makes an investment with your knowledge how to trade by that you can make a good profit.

[Falconer]

Even we said doing a buying low and selling high as a basic concept still it requires a good practices like making a stop loss and take profit and always make a manage what kind of trading plan you will make in what time frame like long or short term example make a trade in 4 hr time frame, day, weeks or months. Even though it is looks like simple makes an investment with your knowledge how to trade by that you can make a good profit.

Simple to say but hard to put into practice.
Currently the bitcoin price is still at the lowest 66% of ATH, and this is an opportunity to expect future profits at higher prices. I don't expect day trading as a reason for high profits, but it should be a long term investment that may be good in 2 to 3 years or more.

[AakZaki]

First off, there are certain things one is taught in theory that aren't that way in practical reality. Example is the buy low and sell high matra. This, in the true sense of the expression, doesn't exist. It's the same thing when anyone says something about overbought and oversold. I say this because no one can figure out a bottom or top while price is at that region. Anyone who tells you otherwise or says they knew Bitcoin top or bottom before it happened isn't telling the truth. This is a highly unpredictable industry. There's not certainty and that's why we say it's speculative.

You're right, technical and fundamental analysis is just as an aid to avoid anything bad from happening. Because the market cannot be predicted exactly by their movements are very unpredictable. But thanks to the existence of tenikals who have the same patern and have been agreed that market activities have become more visible where it is going. Although in the end we are also not 100% sure because the market is not only technical. Sometimes Whales undermine the technicalities we have done and change the direction of the exchange market movement.

[Poker Player]

If we are talking about Bitcoin only, it is better to do DCA if you don't have a lump sum to invest all at once. If you do, someone who has been following the markets for a while would identify that now is a low good time to buy, regardless of whether the price may fall in the short term, and invest the lump sum now.

When it comes to selling, what you should never do is sell all your Bitcoin. When we get back into the bull market, when we hit $69k or even $100k, you can sell to taste profits but small pieces and always remaining invested.

[Stella Mese]

buy low and sell high. yes, that's how it should be in trading in crypto in order to get the maximum profit. it sounds very easy but in practice it is not that easy, because we have to be really accurate in analyzing prices, even if crypto prices go down we have to analyze it properly and have to know the end point of the lowest price, don't buy the price, we think it's already low even though the price is still haven't hit the bottom yet so we have to be really careful when buying crypto. because if we buy carelessly we will lose, and I have also experienced losses because I don't know the knowledge, but after I studied for a long time I finally succeeded, being able to buy at a low price and sell at a high price. and if you want to learn it can be done online or offline.