Post
Topic
Board Trading Discussion
Re: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ?
by
Kevin77
on 08/03/2018, 18:34:25 UTC
Im interested in coins that currently in dips but before investing my money, I will make some research if it has potential or might be delisted in exchanges in days ahead. Not all coins are worth investing hence choosing the one that has potential is the task of trader.
That would be like a crazy move to jump into a market thinking every sharp drop will just bounce back quickly. Not for a market that is not strong and is dropping pretty fast. I have been on some coins before that ended up being dumped badly and it just kept dumping without any quick retrace back up, and in that case, it is always good to make sure one does not fall into such trade as that may incur huge losses.

There's a good reason "Buy the F***ing Dip" is an expression.

It's seriously one of the very few trading techniques that's nearly guaranteed to give you a profit. I almost always set a very low price on a coin I like just in case there's a flash dip.
Yeah, and that saying has really helped a lot of people to follow the Warren Buffet saying with, buy when everyone is panicking and selling as long as you are smart about it though, and sell when everyone is buying and there is an indication of a drop as shown by the indicators. One best way never to trade the market is to do what everyone and most especially newbies are busy doing.