Post
Topic
Board Trading Discussion
Re: How to know when to BUY?
by
metenjean
on 18/04/2018, 06:52:09 UTC
      - Snip -
      I would like to say, it's a smart thinking all about. What do you want to know. It might be helpful to you and others. Moreover you should to practice to do know well.[/list][/list]
      I'm sorry mate, i don't know what you're talking about. What i want to know and what pratice do you mean?


      We either buy when the market is down or we buy in bulk. The reason is that when the market is red, the purchasing power of the money we have is more and we can buy more goods and servises that we could before. Secondly, even if the market is not down, if you purchase in bulk, your average cost is redused as a result of which you spend less than you would have spent if the amount of the goods bought were not huge.
      This is an example of why i said that many investor tend to buy when the uptrend already over and considered a new dowtrend as a corrections, you should differ your point of view when the market is down. A correction has different meaning with a trend switch. You should upgrade your trading knowledge using either technical analysis or fundamental to gain a new reason to buy or sell. Buying in bulk when the price is cheap will surely upgrade your quantity of coins however if the price keep decreasing then you won't have enough money to do another buyback while maintaining your losses. Therefore all you can do is doing what most common investor do, waiting and hope someday the price will reach your initial buying price.