tjtonmoy
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July 25, 2023, 07:18:41 PM |
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Sell can make you profit both in spot trade and future trade. Let's talk about spot trade. When you analyze that the price will go down, you can sell instantly or set a selling order at which price point you want to sell your coins at. Then you will have a stable asset that you can later use to buy again. This time the amount of the coin will increase but the value will stay the same. Later when the price will go up again, you can again sell at a higher price and wait for next price dump. This is how you make profit in spot trades.
In future trades, it's a bit different. You choose your leverage and set a prediction whether the price will go up or down. If up, then you will have to use BUY. If down, you will have to use sell. If your predictions are right, you will make profit based on your leverage. This is how you make profit from selling. Which is also known as shorting.
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Gallar
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July 26, 2023, 04:49:19 AM |
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~Snip 2. I understand how to BUY and wait for the price to go up. But I don't understand how you make money on SELL. Why should you be confused, because to make a profit, it's clear that you definitely have to sell the crypto assets that you have. Even if you buy a crypto asset, like bitcoin or ETH, and then the crypto coin experiences a price increase. But when the price increases, you don't sell it, meaning you can say, you haven't got a real profit, but only get a profit in terms of market value. So basically, don't get too confused about how to profit from put options. Because of the put option, crypto investors usually use it to sell their assets when the market price has increased. For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL. Don't I lose money?
If you do that, it's clear you will lose your money. Because logically and what is learned in trading and investing in bitcoin or all cryptocurrencies, basically you have to buy crypto assets at low prices, and you have to sell them at prices that are rising. That way you can benefit. But if you buy crypto like bitcoin, and you sell it when it goes down. So it's clear you will definitely experience losses.
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Silberman
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July 27, 2023, 09:07:36 AM |
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Well, few members has already answered your query but here is my explanation but with example. Definition says, You borrow BTC or any coin on which you are shorting (taking short trade which mostly a future trade). From someone like let's say from a broker. It maybe a exchange too you are using. Let's say you are doing short trade on Binance and borrowed 1 BTC and sold it at the current market price of around $29800 and let's say market wis going down to around $25000 maybe. And at that price you bought the 1 BTC again and gave it back to your lender and now you have left with 4,800$ profit.
I hope this example might make sense to you. I know you might think i am not buying it again at the price of $25,000 but it's what happened when you close the trade. The smart contract is buying that 1 BTC with the amount of $25k and leaving $4,800 dollars in your account as profit.
Dear op, if you could share your experience with this VIP signal selling group then it will be highly appreciated as i am interesting in knowing what results these groups could bring on your table. Because obviously they will charge you for joining them but what's their winning ratio.
This is the correct explanation, for someone which has never traded it may seem impossible to sell something first before you buy it, but by borrowing first you can indeed sell something before you buy it, however going short is not something I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
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Faisal2202
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July 27, 2023, 01:19:51 PM |
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This is the correct explanation, for someone which has never traded it may seem impossible to sell something first before you buy it, but by borrowing first you can indeed sell something before you buy it, however going short is not something I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
Thanks for appreciation dear, and i can't agree more that currently taking short entries is not advice-able. But maybe for those who are day traders because in short time candles, market is giving some opportunities to take short entries. But obviously in the long run we should not take short one. The fear of proving wrong and correct will always be there, even if you (not specifically you, used as metaphor) are a pro trader or a noob like me, So, risk management will helps us out there.
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taufik123
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July 27, 2023, 03:09:59 PM |
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-snip- The fear of proving wrong and correct will always be there, even if you (not specifically you, used as metaphor) are a pro trader or a noob like me, So, risk management will helps us out there.
When fear is stronger than anything else, nothing can save the trade taken, It will only give a technical loss. Professional traders or beginners really need to have the courage to take action, make sure everything is set according to the strategy, and follow the strategy. I also made a strategy but in the end, the strategy was not used because it was controlled by fear when the market suddenly crashed. Doing risk management, and financial management will provide a strong foundation when trading. So that way you will not easily waver to maintain the initial strategy or backup strategy.
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yhiaali3
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July 27, 2023, 04:33:25 PM |
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I wonder how you can start margin trading or futures contracts when you do not have enough experience, it is better to advance in education and acquire the necessary skill for trading before starting real trading.
Margin trading is not easy and it is very risky. It is better to start learning with spot trading and gain the necessary experience before moving to margin trading.
Also, it is safe to try with a small capital in the beginning to learn.
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jossiel
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July 27, 2023, 05:11:38 PM |
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1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL. 2. I understand how to BUY and wait for the price to go up. But I don't understand how you make money on SELL.
For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL. Don't I lose money?
You only sell when you're at profit. That's the simplest way of understanding on how you're going to make money. But I don't think that this is all about the logic and process of buying and selling. I'm more inclined that you're just voicing and advertising this group which is likely a pump and dump group.
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palle11
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July 27, 2023, 05:28:33 PM |
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I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
The best way to trade without panic of losing all your capital is to trade by applying stop loss, if you don't use it then you have all reason to fear, panic or feel anxiety. Stop loss is advised by professional traders, they suggest that stop loss is better used than tp because with tp you can maximize your profit if the order goes your direction but it is stoploss that will guide your losses from taking you out from the market. Therefore, a wrong market that is triggered by stop loss is still safe because you have the opportunity for another trade instead of losing all at once.
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tygeade
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July 28, 2023, 04:46:00 AM |
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This is the correct explanation, for someone which has never traded it may seem impossible to sell something first before you buy it, but by borrowing first you can indeed sell something before you buy it, however going short is not something I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
Thanks for appreciation dear, and i can't agree more that currently taking short entries is not advice-able. But maybe for those who are day traders because in short time candles, market is giving some opportunities to take short entries. But obviously in the long run we should not take short one. The fear of proving wrong and correct will always be there, even if you (not specifically you, used as metaphor) are a pro trader or a noob like me, So, risk management will helps us out there. This is how it should be explained to begin with, so that newbies could understand it as well. When I first saw it, if I saw your explanation, I would have understood it better, but I stayed away from it because I never understood it. To be fair, I am staying away even today because I understood what it means and that's why I am not getting into it, I would never go against bitcoin price, even if it means that I am going to lose money, I rather buy bitcoin than short it, that seems a lot better. Of course I could be wrong, sometimes it falls and sometimes people who short it make money, imagine all the ones who shorted all the way from 68k to 15k, they made some decent money for sure, I just do not want to be part of that.
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Fivestar4everMVP
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July 28, 2023, 06:37:04 AM |
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For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL. Don't I lose money?
Of course you lose money if you do it this way bud, lol. Making money from trading crypto is the other way around, that is , if you believe the price of the coin will go up, you wait find a good price when its down and buy in, then wait for the price to go up and then sell, when you buy when the price is low and sell at a higher price, that is how you make profit, but if you buy at a particular price and end up selling it at a price that is lower than the price you bought, you lose money. Simplest way to understand this is, if you have any experience of how businesses work in the real world, like you buy a bottle of wine at a wholesale price, then sale it at a retail price, that is exactly how trading works as well , you buy low, you sell high, buy low, sell high. I believe this is understandable.
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GeorgeJohn
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July 28, 2023, 07:36:32 AM |
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For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL. Don't I lose money?
Of course you lose money if you do it this way bud, lol. Making money from trading crypto is the other way around, that is , if you believe the price of the coin will go up, you wait find a good price when its down and buy in, then wait for the price to go up and then sell, when you buy when the price is low and sell at a higher price, that is how you make profit, but if you buy at a particular price and end up selling it at a price that is lower than the price you bought, you lose money. Some people don't study the rudiments of Trading before they venture into trading, in normal circumstances if you want to make a profit in trading you most target when the price is downgrading, and make purchase and expecting to make a profit when the price happens to rise, in trading it's all about rising and falling that determine profit making and loss making also, so you have to take precautions and know the basics things of trading before investing, while some of us today runs into losse is as result of not acquiring the knowledge of trading and also not be acquainted with the rules and regulations of trading, so for we to trade out profit instead of losing our capital in trading, we need to advocate time and learn the primary things of trading.
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Peanutswar
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July 28, 2023, 02:54:51 PM |
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Whats the win rate of those free signals?, is this worth it to stay or just get gaslight with the people who think they know all the things in the market? For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL. Don't I lose money?
In this part in futures trading you are predicting that the market price of the bitcoin goes down so it's equivalent to the Sell if you predict to goes up you will use the buy, but if you will do this in spot trading surely that you will lose all your money like a buying high and selling low the net profit is negative. Ideal to learn a basic fundamentals of the smart money concept and the technical analysis so you don't need to get dependent with other traders.
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usekevin
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July 28, 2023, 03:22:03 PM |
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In spot trade,you can get profit from selling your bitcoin.But future trade is highly risky one,many of my friends had loss huge money in future trading.It’s essential one to look about the past profit and loss by the traders.So future is not highly recommended one for the beginners,they can use the bitcoin to inverse their money.Because the bitcoin will never make to lose your money,if you are ready to hold funds for longer period.Because in next halves bitcoin will reach maximum.
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Faisal2202
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July 28, 2023, 05:18:34 PM |
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This is how it should be explained to begin with, so that newbies could understand it as well. When I first saw it, if I saw your explanation, I would have understood it better, but I stayed away from it because I never understood it.
To be fair, I am staying away even today because I understood what it means and that's why I am not getting into it, I would never go against bitcoin price, even if it means that I am going to lose money, I rather buy bitcoin than short it, that seems a lot better. Of course I could be wrong, sometimes it falls and sometimes people who short it make money, imagine all the ones who shorted all the way from 68k to 15k, they made some decent money for sure, I just do not want to be part of that.
You must have a solid reason for that, because my reasons is related to the Future trade which i avoid to do as it consists of Interest Factor even if the amount is near to zero but if i pay that my money is haram for me. I know many people will criticize me for that but i am a religious person. And, on the other hand, currently, there is not opportunity for us to short BTC, because it is already testing its bottoms and when those who have not taken any entries yet will enter the market. Then we will see a huge boom in the price in upcoming days. So, my purpose was only to help OP understand what Short trade is? But i didn't intend to advice him to do Short or long trade. because that's not what i suggested. Well, i agreed with your point too that we should not short BTC now, but people who are shorting it will still short it and will still make money out of it even in the current market situation too.
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Issa56
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July 28, 2023, 06:42:22 PM |
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1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL. 2. I understand how to BUY and wait for the price to go up. But I don't understand how you make money on SELL.
For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL. Don't I lose money?
From the question you just asked, then I can see that you don’t know much about trading, you are just following people providing the signal blindly which is very wrong. The group which you joined that are producing the signal for you are into future trading and not spot, you can’t find how to short a coin if you are into spot trading, but if you are trading future, you can either long a coin if you think the price will pump, and you can decide to short a coin if you think a coins price is going to dump. But you should have it in mind that future trading is kind of risky most especially for newbies that are just joining the crypto space, so I will recommend you just stick to spot trading as a newbie, so that you can reduce your chances of losing money. Also you have to be careful with the way you are following signal providers, I don’t see anything difficult in you learning how to trade yourself, people providing the signals learn it themselves, and most of them are always wrong, but if you learn it yourself, then you will have confidence when ever you are trading, because you will make sure your analysis are right. I wonder how you can start margin trading or futures contracts when you do not have enough experience, it is better to advance in education and acquire the necessary skill for trading before starting real trading.
I was just surprise that the OP was just following signals without even know what it’s all about, if you want to be a professional trader, then you must be ready to learn, you think going for signals is just the best because you won’t stress yourself, but the OP should have it in mind that if you are not ready to read or learn, then you are not ready to be a trader, trading is not for the lazy once. Margin trading is not easy and it is very risky. It is better to start learning with spot trading and gain the necessary experience before moving to margin trading.
Also, it is safe to try with a small capital in the beginning to learn.
As a beginner spot trading is the best to start with, but we all know some trader’s are always after money so they believe their is more profit in future trading because they will end up using high leverage, but the higher the leverage you are using, the higher your chances of losing money when trading futures incase if your trade goes against you, and the lower your leverage, the lower your chance’s of losing money incase if your trade goes against you. But most people just care about the profits and they don’t know they can easily lose money also.
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goldkingcoiner
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Verified Bitcoin Hodler
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July 28, 2023, 08:13:25 PM |
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1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL. 2. I understand how to BUY and wait for the price to go up. But I don't understand how you make money on SELL.
For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL. Don't I lose money?
The profits from both selling and shorting are the potential extra BTC you can gain if you buy at a lower price, compared to the current price. If you sell Bitcoin, because you expect to buy back at a lower price in the future, you are leveraging the price of whatever it is for that you are selling your BTC. So if you leverage against USD, for example; You are "betting" that the Bitcoin price will fall, in relation to USD and therefore you can buy more BTC at a lower price at a later time. This is the same thing as if you were shorting BTC by 1x. With spot selling you do not have a liquidation number hanging over your head. If you trade derivatives instead, you can increase that leverage as you see fit and short BTC for 10x or even 100x. But the danger here is the liquidation price will is always closer than you imagine. Even if you only short 1.5x, the moment BTC hits the liquidation price, you lose everything. Of course you could try to escape liquidation but your losses will be finalized and multiplied by the same leverage level that you chose. So best thing to do is keep away from derivatives and options until you have understood how things work. There are testnets that you can use to short and long test BTC... For exampl Deribit Testnet.
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darewaller
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July 29, 2023, 03:56:50 PM |
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for someone which has never traded it may seem impossible to sell something first before you buy it, but by borrowing first you can indeed sell something before you buy it, however going short is not something I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
How can we sell if we don't have anything to sell? So it does make sense to buy first but for a newbie, I think the first thing that they must do is not to buy but to study how things work. Borrowing isn't also the best solution to make a profit no matter how skillful we are. I know we are talking about shorting here but I already heard lots of negative feedback about it. We still can try it if we badly want to but just make sure that we have the funds to cover our expenses later on and we can accept the tragic situation that we will be facing. High risk might equate to high profits but I think it's still possible to earn high even with a minimal risk involved.
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