Parklane777 (OP)
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December 14, 2023, 12:44:22 PM |
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I have been doing trading and investing for a while with my long experience, I have discovered secrets and tricks. trading is like driving a car with slippery road conditions where panic and human instincts will make you to act wrong ways. How to act if you have entered a position, i.e. accidentally bought from the top, my instructions: 1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It work like magic - allmost)
2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend. I know that people sell all their coins quickly out of fear and panic when they see that there is a big loss but this is wrong you only have to sell 80%-90% and the rest you can already control with your money reserves it is like driving a car where you you must not panic but control the situation with a cool head by acting correctly with the steering wheel and gas pedal following what you have been told or the same as self-defense where you have to not follow your emotions but act with a cool head according to the instructions in order to achieve maximum control over the situation.
For me, there is no difficult situation when trading the spot market, because using the technique I described, it is not possible for the situation to get out of control.
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rat03gopoh
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December 14, 2023, 02:25:18 PM |
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2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend.
You instruct DCA from this point, and it concludes that your first buying was a wasted move. Why not just jump to step 2 from the start instead? A price drop doesn't always signal the start of a prolonged downtrend, it can mean the price is retesting at varying times (mostly only a short time) then bouncing. With this condition, you don't have much opportunity to buy lower than the last SL price.
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el kaka22
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December 14, 2023, 04:19:11 PM |
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I do believe that buying no matter what is a great method and just keeping at it is a good advice. I understand that many want to just move wildly and get rich overnight and they need money quickly, but I do not have any advice for those people.
If you have a few thousand dollars and want to make a hundred grand, I have absolutely no suggestions on how to do that, if I had even remotely any idea how that can be done, I would be retired in some Maldives or Bahama type of place in a luxury hotel sipping my margarita, but that ain't me. I can however suggest how you can retire easier than you should, and that is exactly the method, keep buying small by small constantly and keep doing that until you retire, you will have enough money to retire happily.
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mindrust
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December 14, 2023, 04:25:07 PM |
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Leaving your emotions aside is the most important thing when you are trading. If you get emotional, you get dumb and if you get dumb, you do stupid things. Not using all of your bankroll right away is a smart idea too but choosing the right assets is also equally important. I never had any chance with shitcoins. When they go up they make lots of money but when they go down, then suddenly you don't want to buy it because it is a shitcoin. That's why trading established coins like btc, eth, ltc, doge etc is a way better idea. When these go down, you buy more because you know that they will make a comeback sooner or later.
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Hamza2424
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December 14, 2023, 05:22:49 PM |
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1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It works like magic - allmost)
A highly risky approach, and from the long-term view it's not satisfying, for the short term we can consider it on some level. Especially in a highly bullish market selling on such small events will lead to a long-run loss. 2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend. I know that people sell all their coins quickly out of fear and panic when they see that there is a big loss but this is wrong you only have to sell 80%-90% and the rest you can already control with your money reserves it is like driving a car where you you must not panic but control the situation with a cool head by acting correctly with the steering wheel and gas pedal following what you have been told or the same as self-defense where you have to not follow your emotions but act with a cool head according to the instructions in order to achieve maximum control over the situation.
For me, there is no difficult situation when trading the spot market, because using the technique I described, it is not possible for the situation to get out of control.
Bro I know your suggestion is really good it requires a high level of patience and except for a few experienced people around in the market in newbies, this quality is very rare. TBH, the reverse of the strategy is a good approach in the bull run where the profit where the coin is pumping 40%+ in a day book some profit, and when it derives back buy again, selling in the correction timeline can be a wrong approach, at least what I think because FOMO cant be controlled especially in market scenarios is for now.
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Parklane777 (OP)
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December 14, 2023, 05:41:42 PM |
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1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It works like magic - allmost)
A highly risky approach, and from the long-term view it's not satisfying, for the short term we can consider it on some level. Especially in a highly bullish market selling on such small events will lead to a long-run loss. 2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend. I know that people sell all their coins quickly out of fear and panic when they see that there is a big loss but this is wrong you only have to sell 80%-90% and the rest you can already control with your money reserves it is like driving a car where you you must not panic but control the situation with a cool head by acting correctly with the steering wheel and gas pedal following what you have been told or the same as self-defense where you have to not follow your emotions but act with a cool head according to the instructions in order to achieve maximum control over the situation.
For me, there is no difficult situation when trading the spot market, because using the technique I described, it is not possible for the situation to get out of control.
Bro I know your suggestion is really good it requires a high level of patience and except for a few experienced people around in the market in newbies, this quality is very rare. TBH, the reverse of the strategy is a good approach in the bull run where the profit where the coin is pumping 40%+ in a day book some profit, and when it derives back buy again, selling in the correction timeline can be a wrong approach, at least what I think because FOMO cant be controlled especially in market scenarios is for now. Yes it's not long term my long term is i'll just allocate small % whatever profit i make on short term in btc. This method it's about 1-2 weeks usually that's when i cash out profit and start buying again.
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Hamza2424
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December 14, 2023, 08:09:16 PM Last edit: December 14, 2023, 08:19:27 PM by Hamza2424 |
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Yes it's not long term my long term is i'll just allocate small % whatever profit i make on short term in btc. This method it's about 1-2 weeks usually that's when i cash out profit and start buying again.
In the short time frame, the approach is quite decent even in the current market it will work, lets give a try for a week than lets see. What happens? When they go up they make lots of money but when they go down, then suddenly you don't want to buy it because it is a shitcoin. That's why trading established coins like btc, eth, ltc, doge etc is a way better idea.
Shit coins flow with the market trend, you can say hype if there's hype of shitoins in the market they are massive rewarding yeah, exceptional risks are involved. The entire shitcoin cycle goes with the hype and they drive crazy haha like literally crazy 2x to 5x within a week.
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tvplus006
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December 14, 2023, 11:05:28 PM |
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...2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend...
You publish the right recommendations, but you ignore their implementation. So, in the next topic https://bitcointalk.org/index.php?topic=5477618.0, you talk about your challenge, how you are trying to increase your deposit, which is $3, but at the same time you make an ADA purchase on $1, which is not 1-2%, but 33%. Why don't your recommendations match up with your actual actions?
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bettercrypto
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December 15, 2023, 03:30:14 AM |
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Trick method? I don't believe in that matter. I'm sorry, because it's still up to us in our own way what level of knowledge we have in understanding crypto trading so that we can get profit from it. No matter how good the trick you say is, for sure, that will not be a fixed way for you to make a profit here.
Actually, in times like this, we are getting closer to Bitcoin's halving and bull run. Many people have been doing dca these past months because they know that the return they are accumulating in Bitcoin is good for sure, and this is what I believe.
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taufik123
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December 15, 2023, 06:30:18 AM |
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-snip- Shit coins flow with the market trend, you can say hype if there's hype of shitoins in the market they are massive rewarding yeah, exceptional risks are involved. The entire shitcoin cycle goes with the hype and they drive crazy haha like literally crazy 2x to 5x within a week.
The only ones who get the advantage are those who enter at the beginning (mostly from the internal team) and those who enter at the end will only be the bait that will eventually be eaten by the whale that has a lot of coins at the beginning. This kind of shitcoin practice has been done quite often, and they ended up with Rugpull. The risk is indeed very large, but who enters at the beginning will get very large benefits, it can be up to 10x or even 100x, 2x - 5x is too small. This is Flash Pump and Dump, first come, first served.
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SquirrelJulietGarden
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December 15, 2023, 07:06:12 AM |
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1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It work like magic - allmost)
People don't feel need and are not brave enough to set an order for selling to cut loss and exit the market. They have to be in the market long enough to know that if they don't exit the market when it starts to fall, they will stuck at top and might have to wait months or years to see that top again. With many altcoins, they never reclaim their all time highs in a new market bull run. Mostly people refuse to cut off but they will sell at bottom, with more serious loss. 2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend.
DCA is better in bear market. Even you DCA at a beginning of bear market, but if you have enough patience and are disciplined enough to DCA till a next bull run, with Bitcoin you will get profit. With altcoins, it will be more complicated because some altcoins even will be dead before a new market bull run.
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Husires
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December 15, 2023, 07:08:44 AM |
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Do not be greedy when profits are achieved and withdraw your capital as soon as possible, and then you have obtained free coins, and all the profits that will be generated in the future or losses are something free, so it does not matter if they are achieved quickly or you continue to keep them for years. to avoid putting yourself in bad situations, it is better to focus on the date of purchase as the basis for profit, rather than the timing of the sale, as buying at a low price will support you if you want to sell at any price. Do not recklessly invest in altcoin. The green candel is always a sell signal because it does not last long and a major correction occurs after it.
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Strongkored
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December 15, 2023, 09:38:02 AM |
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1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It work like magic - allmost)
This is not magic, because when you stick to the same coin that has gone down to buy again even though you have already decided to sell it at a loss, it seems like stupidity because you will sell it again for 80-90% of what you just bought at a loss and so on and also not There is magic in trading, everything must be done carefully and with full calculation. It's rare for traders to want to cut losses because they feel that the price will rise again, but for altcoins, it's difficult to predict, except for Bitcoin, where you just need to be patient to see the price recover.
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Silberman
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December 15, 2023, 11:10:53 AM |
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Trick method? I don't believe in that matter. I'm sorry, because it's still up to us in our own way what level of knowledge we have in understanding crypto trading so that we can get profit from it. No matter how good the trick you say is, for sure, that will not be a fixed way for you to make a profit here.
Actually, in times like this, we are getting closer to Bitcoin's halving and bull run. Many people have been doing dca these past months because they know that the return they are accumulating in Bitcoin is good for sure, and this is what I believe.
Rather than to rely on rules of thumb or tricks, it is better to have an overall strategy that by itself allows you to deal with most of the things the market could throw at you, not an easy thing to do I might say but it is the most effective way to trade the markets, and one example of this is DCA, which has been used by investors all over the world in all kind of market conditions and assets, and still it has brought magnificent results to those that employ it.
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Bushdark
Sr. Member
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Social media moderator/chatter
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December 15, 2023, 07:01:50 PM |
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Your role of buying with just 1% or 2% of the total capital does not make a complete sense. Evening buy with such percentage does not guaranteed a successful trades. Just imagine someone that has just $50 to trade in the market and you are now advising the person to keep using $0.5 to enter the market per trade. How long is it going to take the person to make $50 in the market and how much could be earned per trade. This is where your strategy does not really make sense at all and it does not even safe capital. I see this as a waste of time and efforts.
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Parklane777 (OP)
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December 16, 2023, 04:07:58 PM |
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-snip- Shit coins flow with the market trend, you can say hype if there's hype of shitoins in the market they are massive rewarding yeah, exceptional risks are involved. The entire shitcoin cycle goes with the hype and they drive crazy haha like literally crazy 2x to 5x within a week.
The only ones who get the advantage are those who enter at the beginning (mostly from the internal team) and those who enter at the end will only be the bait that will eventually be eaten by the whale that has a lot of coins at the beginning. This kind of shitcoin practice has been done quite often, and they ended up with Rugpull. The risk is indeed very large, but who enters at the beginning will get very large benefits, it can be up to 10x or even 100x, 2x - 5x is too small. This is Flash Pump and Dump, first come, first served. I don't invest i don't collect shitcoins i focus only for btc eth trx and other main coins. I focus on long term 10-20 year goals that's why i stay away from sp500 generally i trust gold btc silver but not companies what pumped up with funny money debt that's gamble who want let them play with their money but not me. So that's why i do dca weekly or 2 weekly with main coins like btc eth then sell it for profit then buy it back.
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jaberwock
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Merit: 1074
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December 16, 2023, 06:34:25 PM |
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Trick method? I don't believe in that matter. I'm sorry, because it's still up to us in our own way what level of knowledge we have in understanding crypto trading so that we can get profit from it. No matter how good the trick you say is, for sure, that will not be a fixed way for you to make a profit here.
Actually, in times like this, we are getting closer to Bitcoin's halving and bull run. Many people have been doing dca these past months because they know that the return they are accumulating in Bitcoin is good for sure, and this is what I believe.
I think there is actually a trick here or method, which can at least increase our chances of earning or decrease our chances of losing. But as you said, it was still up to us or to our own knowledge if we can handle those tricks or methods, as they can't be easy as they look or sound. And some requires modification or plan b, just in case the market moves differently. In times like this, the market might be a little better or improving, but even if it isn't, the BTC halving is still scheduled to occur. A bull run may still not be guaranteed though, to occur right after it. Despite of it, people's optimism are still on a higher level because they believe it will happen. It's a good motivational factor, and their actions alone can still lead for the price to rise.
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KingsDen
Legendary
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Activity: 1204
Merit: 1072
Goodnight, o_e_l_e_o 🌹
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December 17, 2023, 08:11:40 AM |
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1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It work like magic - allmost)
Selling 80-90% of the coin and buying it back later is a good idea but this will work well only if the coin is not going continuously downwards. And if you know the point of reversal or will you wait until it reverses before you join the upwards trend. This method seems effective but if you time it wrongly it's Gona backfire immensely. 2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend. I know that people sell all their coins quickly out of fear and panic when they see that there is a big loss but this is wrong you only have to sell 80%-90% and the rest you can already control with your money reserves it is like driving a car where you you must not panic but control the situation with a cool head by acting correctly with the steering wheel and gas pedal following what you have been told or the same as self-defense where you have to not follow your emotions but act with a cool head according to the instructions in order to achieve maximum control over the situation.
Not panicking when your cars goes off control implies that the driver is not only an experienced driver but he is also emotionally and morally strong to withstand and defeat fear. We should also not forget the confidence factor. A non confident driver will end up bashing his car because of fear. Same is applied to trading, even if the trader is a pro but if they are not emotionally strong, mistakes and regrets are inevitable.
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8rch7
Sr. Member
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Vave.com - Crypto Casino
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December 17, 2023, 11:04:42 AM |
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1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It work like magic - allmost)
Its important thing with cut loss in trading, when seeing price start to fall we have already with cut loss feature depending how much percent around 20% to 30% and use the fund from cut loss to buy back with lower price. I have made with this method kinds in trading because not all time we have accurate prediction with some coins want to buy and cut loss is not always have bad impact with our money management in trading. Another technical in trading, I left fund recovery around 40% saving for altcoin or bitcoin get crash some time, can buy back later when floating position in trading and I think all trader must adopt with this technical in their trading way.
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hugeblack
Legendary
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Merit: 3853
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December 17, 2023, 11:06:08 AM |
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1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It work like magic - allmost)
I disagree with this approach. If you have already lost 90% of the value of your asset, then lose it completely. It is true that it may seem smart to exit even by 10%, but from the beginning, do not invest in an asset that you are skeptical about, or at least withdraw from the first 10%, but since you waited until price has dropped by more than 50%, so time is already running late. 2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend.
If you believe in the asset, this is the ideal time to buy. For example, I bought when the price dropped from $69,000 to $17,000. The $17,000 point was the buying point even though I was unable to sell at 69,000.
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