Tip and Tricks about when to buy or when to sell?

[Silberman]

But that is the problem, what it means for the price to be too low? This is not really something you can determine by just looking at the price alone, you need to use indicators for that and even then you cannot tell all the time when this is the case, so there will be instances in which you buy when the price still has a lot of room to go down, what you would do when faced with this situation? As you can see trading is way more complex than just buying low and selling high and you need to study the markets profoundly before you can make any money.

I would say that as long as it keeps going down, you should buy? I mean that is what I did, I didn't buy all my bitcoins at 16k, I bought some there, but some much higher, and I kept on buying more and more constantly. If you are not entirely sure about the situation and don't know what is going to happen, the best thing you could do would be buying whenever you can, when it's dropping, when it's going up, just keep on buying.

You can make a loss if you sell, but if you don't sell and just keep on buying, you could never make a loss because you never sold so it's not a loss, even when you are in red, you could wait it out and make a profit when it goes back up over when you bought it.

And without a doubt using a DCA strategy is a good way to counter this, if an investor is unable to determine the direction of the market accurately then the best they can do is to disregard it and simply buy bitcoin whenever they have some money available, lamentably even if this is an effective strategy at the same time many investors decide to not use it as the allure to try to time the markets is simply too irresistible even if they do not know how to do it.

[Tommiewill]

In fact, there are not many skills in investing. You need to know that what we tell you is an obvious law that can be discovered. No one will come up with the skills to really make money. But you can look at everyone's suggestions, because it is not easy to do this. Even people who have lived in the market for a long time will not be able to judge correctly every time. You have to learn to be bold, first look at the market conditions, and then operate boldly. After a few operations, you will find the feeling, and gradually you will have your own investment method.

[ethereumhunter]

In fact, there are not many skills in investing. You need to know that what we tell you is an obvious law that can be discovered. No one will come up with the skills to really make money. But you can look at everyone's suggestions, because it is not easy to do this. Even people who have lived in the market for a long time will not be able to judge correctly every time. You have to learn to be bold, first look at the market conditions, and then operate boldly. After a few operations, you will find the feeling, and gradually you will have your own investment method.

To start investing, a person must prepare some money and start looking or determine when he can start buying and try not to buy everything in one purchase order. This is to anticipate a price drop after we buy so that if the price drops, we can buy more but still don't buy with all the money. It is important to take one step to start investing and then follow when it's time to buy again. Maybe the DCA strategy would be better to use in this case.

And to determine when to sell it, a person must have a target price that he can accept so that when he reaches the target price, he can sell it and take the profit. But don't be too greedy because it can make you lose the opportunity to take advantage.

[Jackl87]

Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.

There is no such thing as a bad question so don't hesitate to ask here. I am also not an experienced day-trader or something like that so for me it is also pretty hard to tell when the perfect time is to invest into a project, but i would also guess that no one really knows the perfect time for that. All we can do is guess. There are a few indicators though, that can give you at least an indication where the price of a project might go soon. You can look at the order book for example when you are using centralized exchanges like Binance, Kucoin and so on. If the buy side is way bigger than the sell side, then it is very likely that the sell resistance will be broken soon and that the price will rise.

[SirLancelot]

Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.

There is no such thing as a bad question so don't hesitate to ask here. I am also not an experienced day-trader or something like that so for me it is also pretty hard to tell when the perfect time is to invest into a project, but i would also guess that no one really knows the perfect time for that. All we can do is guess. There are a few indicators though, that can give you at least an indication where the price of a project might go soon. You can look at the order book for example when you are using centralized exchanges like Binance, Kucoin and so on. If the buy side is way bigger than the sell side, then it is very likely that the sell resistance will be broken soon and that the price will rise.

Of course there is a bad question but that isn't the one that has been asked by the OP. Experienced or not, we all have a difficulty when deciding to sell and buy but there is a general rule that everyone is following and that is to buy low and sell high. This is easy to do and this doesn't require a good knowledge but a simple common sense can be enough already.

You said you are not an experienced trader but I see that you gave a pro tip there. This and the other tips that users gave on this thread are surely going to be useful for the OP. Not sure if this is already given but another tip that I know is to buy the rumours and sell the news. It's name says it all, on how to initiate it but the OP can research further about it.

[Bialke]

but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.

Look at your everyday life! If the coin or toke is(!) changing something in your everyday life for the good, buy it!

But: The thing changed in your life should not have something to do - in the core - with computer, finances, games and collectables.

This is when you have to buy. If your investment is changing something in your everyday life, then you will never sell it. Never sell!

[jostorres]

I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.

I think best time to sell is when you make x2, the second best time to sell would be when you made x10. I know that sounds like a big difference, and when we are talking about bitcoin that is actually a big difference, but when we are talking about other coins it is not really that much.

Something can go from 20 million dollars market cap to 40 million and eventually to 200 million, it is quite possible and has happened multiple times so far. Bitcoin going from 16k ranges to 32k ranges and then to 160k ranges eventually is not unlikely neither, so from the bottom to top it could still happen, not for a while longer but it could possibly happen eventually.

[Silberman]

I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.

I think best time to sell is when you make x2, the second best time to sell would be when you made x10. I know that sounds like a big difference, and when we are talking about bitcoin that is actually a big difference, but when we are talking about other coins it is not really that much.

Something can go from 20 million dollars market cap to 40 million and eventually to 200 million, it is quite possible and has happened multiple times so far. Bitcoin going from 16k ranges to 32k ranges and then to 160k ranges eventually is not unlikely neither, so from the bottom to top it could still happen, not for a while longer but it could possibly happen eventually.

You have a similar thinking to my own, if you invest in an altcoin and the altcoin suddenly grows 100% then you can sell half of your coins and recover all the money you invested in that coin, this means that from that moment on you are playing with free money, and even if the altcoin went down all the way to zero you will not lose any money at all, so you can take a higher risk and keep holding your coins even when there is a sharp decrease on the price of that coin as you know you have nothing to lose, and sometimes this is exactly what you need as then the coin pumps and you can multiply your money many times over.

[raja9167]

Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.


Thank you.

First of all i appreciate your Question and happy to Answer this. I can provide some tips for new traders who are just starting out. Keep in mind that trading involves risk and these tips are not foolproof, but they may help you make more informed decisions.

Do your research and analysis Before buying or selling a stock, it's important to research and analyze the company's financials, news and events that might impact the stock price, and any other relevant information. This can help you make a more informed decision about whether to buy or sell.
Set realistic goals and limits It's important to set realistic goals and limits for yourself, such as a target price for buying or selling a stock, and a stop-loss limit to minimize potential losses. This can help you stay disciplined and avoid making emotional decisions.

Keep an eye on the volume The trading volume can give you an idea of the demand for a particular stock. Higher trading volume generally indicates more interest in the stock, while lower volume could mean less interest. Keep an eye on the volume and consider it as part of your research and analysis.


Monitor the order book or "queue" The order book, also known as the "queue," shows the current bids and asks for a particular stock. This can give you an idea of the supply and demand for the stock, and can be helpful in making buying and selling decisions. Keep in mind that the order book is constantly changing, so it's important to monitor it closely.

Use technical analysis Technical analysis involves analyzing charts and patterns to identify trends and potential buy and sell signals. There are many different technical indicators and tools that traders use, such as moving averages, MACD, and RSI. Keep in mind that technical analysis is not foolproof and can be subjective, so it's important to use it in conjunction with other forms of analysis.

In summary, trading requires research, analysis, discipline, and risk management. By setting realistic goals, monitoring volume and the order book, and using technical analysis, new traders can make more informed decisions about when to buy and sell.
I think This will helpful for newbies
ThankYou

[TheUltraElite]

What tips and tricks can we talk about if trading is a pure attempt to try your luck, like in a lottery (sorry, traders, but this is how I see it). If you guess correctly, you will make a profit, if you don't guess, then you will not. What kind of knowledge can be here? For me, it's easier to guess on coffee grounds or believe in astrology than trading.

It is fairly easy does not need a coin toss or astrology. You buy when the price of an asset has hit low and you sell when the price hits a high. In between you have to patiently hold. Do these three things correctly and you will profit from the difference.

The problems that come in are
1. Lack of patience to hold. Sometimes this period may be years before you see the profit.
2. When the prices keep dropping or rising. In this case buy/sell at different levels as the price goes down/up.

It would be foolish to think of this as a coin flip, you would devastate your possible assets on hold if you trade based on 50-50 chances.

[beerlover]

I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.

I am sure that there cannot be any technique to help you to find out the right time for buying and selling altcoins. Probably only a crystal-ball may help because 99.9% of altcoins are driven by devs and NOT by supply-demand based technical things.

Simply following the aspects that you have mentioned like volume or news/events of one particular altcoin, that may help you only for one time and if you want to repeat the same technique for another occasion then you will definitely get big disappointment in the end. Because, almost all the altcoins are being driven by pump and dump schemes to lure new and naive investor for short period of time. I basically like to suggest you to go for watching altcoins for some times (then you decide yourself) and you can invest with bitcoin from now itself with DCA and long term plans.

[Xal0lex]

The basic lesson about trading is to buy low and sell high. Just that. If market conditions are declining, especially bitcoin, you can buy at a lower price because usually, the price will continue to decline a little lower or even lower. And when the price reverses, you can get ready to sell those bitcoins at a high price, higher than your purchase price. Or you can also hold it up to a certain price level you want, then sell it and get a profit. At least, that's what I did in my early days of trading because of my limited knowledge about trading.

But it's not really trading, but rather investing using a DCA strategy, that is, averaging positions in order to reduce the average entry point and the earliest possible start of profit. In trading, this strategy is used much less frequently. Usually it happens as follows: the trader bought bitcoin, the price began to go down, he triggered a stop-loss and fixed the losses. Then he waits for a new entry point and buys bitcoin again to sell it.

[swogerino]

Trading in the short term has no real difference from gambling as in the long run if you do daily trading most likely you will end up like 99.99% but I may even say 100% and still be technically right which are all the people that lose money through daily trading.The real trading is in long term,for example you buy a coin that you think after 1,2 or 5 years will be at least x20 to x500 skyrocketed in value and if you got it right you will be making some good decent substantial amount of profit,worth the wait of such a long time and if you lose,you will not lose as big as losing by doing daily trading,that is the difference.

[KennyR]

There is no big tips and tricks. DCA is a strategy that lets you buy at the best price as the market is into fluctuation. Apart it is you to decide when to make a buy and selling. Not everyone are ready to invest when the price is at the down market. Whales invest when the market is down and most of the time small holders buy when market is set to be recovering. The right decision and the patience will bring profit out of the investment.

[Silberman]

Trading in the short term has no real difference from gambling as in the long run if you do daily trading most likely you will end up like 99.99% but I may even say 100% and still be technically right which are all the people that lose money through daily trading.The real trading is in long term,for example you buy a coin that you think after 1,2 or 5 years will be at least x20 to x500 skyrocketed in value and if you got it right you will be making some good decent substantial amount of profit,worth the wait of such a long time and if you lose,you will not lose as big as losing by doing daily trading,that is the difference.

I will admit that a great deal of those trading for the short term are indeed gambling with their money as there is no chance at all they will make any profits by trading this way, however there are some day traders which can make profits out of it and they are not really relying on their luck, but on a strategy specifically created to trade such a short time frame and an incredible ability to perform under pressure, unfortunately such a combination is so rare that some people think they do not exist even if they do.

[OgNasty]

Maybe I’m crazy, but I buy altcoins when I need to use them. That saves me from 99% of the altcoin scams because most of them have no real reason you’d ever need to purchase them. When you start buying things you want to use, you find that you own good things that are usable.

I also think a good time to sell is usually when you feel like bragging about having bought it.