Quote from: Lanatsa on September 17, 2019, 09:21:34 PM

Quote from: maydna on September 13, 2019, 12:42:17 PM

Quote from: tadpole_bitfrog on September 13, 2019, 06:06:57 AM

Quote from: Houdini76 on June 14, 2019, 09:39:45 PM

This may be a silly question - Ok so I now have £700 invested in bitcoin . Let's say it goes up by £50 - do I remove the profit and leave the working capital( £700 )in bitcoin ? Or do I take the lot?

If I take the lot then when I buy back in It may pay a higher price. What do you suggest?

This is exactly what trading experience will solve for you. I believe that everyone has questions like you but if you only guess about the trend, it is really a gambling game.
To be clear on this, you should really read about the trading documentation and there will be some tricks on resistance and support. It will help you a lot in making decisions.

Without learning, someone can't make a profit unless he always gets lucky in the trading. When we can learn from many tutorials, we will have the skills to analyze the chart which will help us to get the right price to buy, although we need more practice to get a higher chance. If you can practice every day, then I guess it will no need to a long time to improve your skills because you get the experience with practicing trading.

You should also know that the market will not have the same pattern in every day, so you need always to analyze it before you decide. If you can see the price start increase, then that is the time for you to prepare in the sell order and place your price to sell.

I cant deny that we do need some sort of luck when we do trade but it isn't a dependable thing for you to rely on because its totally different when you do trade according to your knowledge rather than relying on luck in terms of results because it would really act just like you are making some gamble.Learning would really take some time and it cant be achieved overnight.Success will vary on how you do hardly work on it and if you do make yourself learn all the possible things you would able to obtain then expect for you to somehow able to survive this very unpredictable market.It wont be easy but at least it is possible it depends on how hardly you work for it.

Of course, we need luck in trading too like what we need in gambling Grin

Luck will come at the right time, especially if we can analyze when the market changes the price. It is possible to take the profit even for a newbie who was still learning about trading, but they still need to have the experience to make more profit.

By trying more and more in trading, slowly they will know when they need to make a profit and when they need to wait for a while to get a bigger profit. Besides that, they will know when they need to leave the market if the market is not moving or seems to get stuck on that day. So they can save their money for another trade.