You are viewing a single comment's thread from:
RE: From 0.5$ to 500$ in less than a weak ??? After all it's a typo error from coinranking.com
Thinking of buying but whenever I buy a coin, the price starts to go down LOL I havent been lucky with crypto
@syzmic thanks for your comment
Red should be your buying colour , I'm not saying i know it all or this is 100% but first you need to position yourself first in the right place
An example ; when to buy
1 - you need to feel the coin you need to like it (research it or just heard of it ) i don't care the importance is to believe in it bcuz if you don't you will probably sell at any change in price
2- you are a beginner just like me probably small fund's just like me so probably you want to day trade or weak trade it's good at the beginning bcuz you need to feel the market get used to it get Some hard lessons and get experience
3 - finally the buying point , you need to buy low to sell higher ex ; using the moving averages .
You buy in the dip , coins with massive gains tend to correct , open the day moving average and wait for the correction is done And then you can buy and wait .
![IMG_20180118_171915.jpg](https://steemitimages.com/640x0/https://steemitimages.com/DQmaM1mDyZYHwzKhysrGGHvDnkuN2JkaE4TZ7yZ4osqmogf/IMG_20180118_171915.jpg)
Do you see the end of correction it's bellow the yellow moving average or sometime exactly at the line and bounce again .
4 - let no one lie to you , no matter how much gains you get on a coin it's not yours until you lock some profit and sell .
So if you positioned well and start making gains you need to sell Some or all before correction comes like Btc 16,000 to 9,000
I need to say it's harder than it looks and it needs a hole lot more to build the big picture but you will figure it out .