Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: pokxon on August 06, 2018, 01:06:43 PM
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It is difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks after I buy them to put my profits between 5% and 10%. But after I set the target, its price continues to be dumped and there is no sign of recovery. I do not know how to trade in this situation
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I have the same experience to you, I have lost a lot of money in it, and learned a lesson do not invest more than you can afford to lose, but I trust all it will return in one day.
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Well you gotta have positive price action to be able to make some money unless youre obviously shorting..... it will recover.. best thing to do as far as trading is pick the coins you like to survive the bear market and start accumulating for the next market cycle.
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the best thing to do as far as trading is to choose the coins that you like to survive from the bear market and start collecting for the next market cycle. And avoid greater losses.
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It is very difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks and after I buy we put my profit from 5% to 10%. But after the goal, altcoin prices continue to decline and no signs of recovery. I do not know how to trade in this situation
We cannot just have a perfect trading strategy but we can have risk management which is to always have a stop loss when trading so that when the price continue to go down, you can just sell it and if you can see signs of recovery, you will be able to buy it again. The mistake of some traders is to continue holding for upward movement. You need a hundred percent price recovery when you lose half of its value so it needs more buyers.
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All you can really do is keep buying in as the prices drop, they're at or very near the bottom for most alt coins. You'll just have to wait till the market recovers before you can flip them for profit. You can day trade in this market but it's really tough, and even 10% profits may not be consistent.
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the best thing to do as far as trading is to choose the coins that you like to survive from the bear market and start collecting for the next market cycle. And avoid greater losses.
Actually making trading in a bearish market is very difficult to gain more profit because all the coins are declining. Its better to hold and wait for the good market correction prior deciding for profitable trading outcome.
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if you have entered a situation like that, you can just hold it back, don't sell it than you experience losses.
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You need to use a bit more technical analysis than just looking at coins that have dropped a certain percentage. They will all have different resistance points, and blindly throwing money at one just because it has dropped is not a great trading strategy. It's not a bad starting point, but need to do lots more research once you've narrowed down the coins you're interested in.
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I like this quote winners never quit and quitters never win So why don't you educate your self more and change the strategy you used. Take the advice in this thread
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In such a situation, it is not necessary to trade.You have to wait and watch the market. You need to trade at the right time for you, depending on your strategy.
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Yes, it's pretty harsh recently...
However, i'm still able to make some gains thanks to some nice and supportive community at Discord... (not pump & dump group)
They analyse chart for one coin every 8 hours, which gives people guidance to perform profitable tradings. You can also talk with more experienced people there.
Don't want to spam here, so if you are interested - send me a message.
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It is very difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks and after I buy we put my profit from 5% to 10%. But after the goal, altcoin prices continue to decline and no signs of recovery. I do not know how to trade in this situation
This market still not good, many people hold tokem because of their asset down so far. Maybe you need do this.
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At this time is very difficult to trade in Altcoin, I think that there is exclusion the altcoins which have no value. At this time I think trade Bitcoin is easier more than
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It is very difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks and after I buy we put my profit from 5% to 10%. But after the goal, altcoin prices continue to decline and no signs of recovery. I do not know how to trade in this situation
I have the same experience as yours and it is very common here in the crypto world. Per experience, i choose coins which are on the top 10 of the marketcap and observe the trend on the market. Honestly i am a fan of ether and i make as my market then i choose altcoins which is newly listed on the exchange and then try my luck there as the movement during the first days is very volatile.
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Sometimes you need to pause if the situation is not favorable in your side. Don't take a risk if you don't get what you want. You can hold your coins or token and take a vacation then return once the market recovers for this downfall.
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It is very difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks and after I buy we put my profit from 5% to 10%. But after the goal, altcoin prices continue to decline and no signs of recovery. I do not know how to trade in this situation
This is why I didn't really get into trading, it does seem difficult. I looked into trading analysis books, and than there all these traders screaming technical analysis doesn't work. My suggestion is to pick up one book, with good reviews about trading, and see if you can learn something new, electronic versions of books may be cheaper too.
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Technical analysis shows a pattern with the events of the past.The stock market and cryptocurrency differ in that there is too much manipulation on the cryptocurrency.
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yeah you right!!Some trading lessons can’t be learned they have to be experienced with real money.Many times the market whipsaws us in a position for absolutely no reason we can understand.Sometimes that pullback that you are waiting for to buy never comes until the trend is over.
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Try my method, you can start checking out these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-2% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!
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It is very difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks and after I buy we put my profit from 5% to 10%. But after the goal, altcoin prices continue to decline and no signs of recovery. I do not know how to trade in this situation
This is the problem with day traders, you really never know what's going to happen in the next hour, day, or week. I would wait for the market to become stable a bit before starting to buy. Many times, we commit the mistake of catching a falling knife.
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I think that you have chosen the wrong strategy. The most important thing is that you must do this by choosing the correct crypto currency. I chose bitcoin.
Those who want to earn money on bitcoins are more than on altcoyins. The volatility of bitcoin is quite high in contrast to other crypto currencies, the change in the exchange rate of bitcoin can reach 10-20% per day.
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The market seems very unstable so watching from a distance can be the best strategy until bitcoin determines its direction. The market is full of traps for novice traders. It is useful to act very cautiously not to get caught by whales.
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I avoid being in anything other than BTC for any length of time. Trading in and out of alts quickly each day to build my BTC stack :D
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No need to trade, now it is better to invest.It is dangerous to trade,market makers are playing against the market and knock out the stop lose.
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It is very difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks and after I buy we put my profit from 5% to 10%. But after the goal, altcoin prices continue to decline and no signs of recovery. I do not know how to trade in this situation
with the current market situation, trading altcoin as day trading will give you headache as the bearish trend continuous to hurt the market prices plus to add the dumps of ethereum. It's better to buy and hold longer until the market recovers.
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It is very difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks and after I buy we put my profit from 5% to 10%. But after the goal, altcoin prices continue to decline and no signs of recovery. I do not know how to trade in this situation
with the current market situation, trading altcoin as day trading will give you headache as the bearish trend continuous to hurt the market prices plus to add the dumps of ethereum. It's better to buy and hold longer until the market recovers.
You can open short positions, but it is only for those who know how to trade.Newcomers can only invest and hope to resume growth.