Ninjastic
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Board Trading Discussion
Re: How do you manage your profits in trading?
by
DevilSlayer
on 09/12/2019, 02:15:13 UTC
Quote from: Mahanton on August 10, 2019, 08:02:09 PM
Quote from: bastian466 on August 10, 2019, 05:49:30 PM
Quote from: whyrqa-1 on August 10, 2019, 04:53:03 PM
Today the news has information that is spread by the well-known “Venture Investor Tim Draper” that by 2023, Bitcoin should reach $ 225,000.  If such forecasts are correct, it is better to wait 3 years, leaving Bitcoin for long-term storage and get real profit 25 times more.  Therefore, it is better to refrain from trading if you do not have experience.
If look at the price of bitcoin now for me is high enough if I buy it, it's better to choose altcoin to buy because the price is still very low if it will be held for the next three years

It depends because not all people do have same mindset of yours and also come to think that bitcoins price bottom can be determined so easily so it means we wouldn't know if the current price is a bargain or already a peak but somehow these movements can be utilize and for you to make some profits if doing shorting.
But there is a lot of indicators and tools that we can use in order to determine the peak and the bottom. There are a lot of trading setups that I keep using like bottom fish and bounce play in order to maximize my profit. It is important to know what setups that are suitable for us to avoid major losses.