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/biz/ - Business & Finance

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23162089 No.23162089 [Reply] [Original]

redpill me on buying low and selling high

>> No.23162107
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23162107

>>23162089
Buy when number small
Sell when number big

>> No.23162120

>>23162089
that's being discussed on zıq/

>> No.23162124
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23162124

>>23162089
You buy low.
Then you sell high.

>> No.23162125

RED BUY GREEN SELL

>> No.23162127

here's one.
You never ever gonna time the market and even if you will, you gonna lose in the next trades

>> No.23162131

>>23162089
No, the "/biz/ way" is to buy high and sell low. Ur in the wrong place Anon.

>> No.23162132

>>23162089
When you make a purchase write down the price you purchased it at on an Excel spreadsheet.
Don't sell unless the price is higher than that price.

>> No.23162146

>>23162089

It's better than buying high and selling low, which is what you're going to do because you are a poor retard

>> No.23162160

>>23162089
Buy high, sell higher. You'll never time the market perfectly so just focus on turning a profit.

>> No.23162171

>>23162089
Buy when the numbers are .20 and sell when the numbers are 60.5. Watch your family beg.

>> No.23162177

Never buy a pump, accept you missed it and buy something where the chart is flat

>> No.23162208
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23162208

Buy high, sell high

>> No.23162214

1) Anything you buy will crab and dump
2) None of your tokens will pump until right after you have sold them at a loss

>> No.23162233

Well you can use TA, that works sometimes

You can also learn to use your emotions, but you have to live through market cycles to learn what it feels like. Then you can look back at a time where a price was nose diving and you felt terrified, and that was the perfect time to buy, next time you know when you feel like that, you should buy instead of being afraid

Same goes for the opposite, when you feel euphoric and greedy. Your emotions really are pretty good signals

>> No.23162245
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23162245

>>23162089
This violates the rules of /biz/. We only buy high and sell low here, fren.

>> No.23162250

Have friends in high places

>> No.23162297

>>23162214
>Anything you buy will crab and dump
So essentially I have the power to tank the stock of any company?

>> No.23162312
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23162312

>>23162089
its a lot harder than just holding. taking a position that is otherwise countering the trend of the market requires a lot of courage. if you are able to time macro tops/bottoms, you have to suffer through seeing your position decline for some time. like right now, the top's obviously in, but you need to have the will power to not chase these silly pumps

>> No.23162319
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23162319

>>23162089
follow charts every day, all day.
after 3 months or so, you'll see some patterns.
note the highs, lows and plateaus, especially on a daily chart.
do this not only for crypto but forex and stocks too
go from there, because the only real way to learn is using your own money
good luck

>> No.23162343

>>23162297
Yes, use that power wisely

>> No.23162470

>>23162312
I'm starting using tight stop loss limits for these cases, better than riding the whole dump but high risk of being kicked out of a train about to start again

>> No.23162585

Elder's triple screen trading system. It's been around 30 years and it increases your probability of a winning trade by filtering out a lot of noise.

>> No.23162610

>>23162470
The secret is to not use high leverage.

>> No.23162703

>>23162245
unironically this

>> No.23162706

Trust your gut instinct.

>> No.23162775

>>23162470
You can go all in with tight stops in some situations like an ascending triangle where resistance is being punched to death with very little downswing. In the same situation let's say this time the swings have been wider. If you set a tight stop loss you're almost asking to just donate to the market as you don't know if it has another swing left in it and the chances are higher it will. You might be better off setting your stop just below the first downswing (the lowest of the swings) after testing resistance which might be say 2.5% below resistance. In that case you need to calculate your position size which is account equity x % risk tolerance / % distance to stop loss. example $1000 worth of crypto x 1% max loss to capital / 2.5% SL distance = $400 buy in. Instead of throwing your entire account into the trade you will buy $400 worth and if you hit your stop loss you will only lose 1% of your entire capital. Sure if the trade wins you won't be maximizing your gains since you only put 40% in but what's more important is protecting your capital and you give the trade more wiggle room to succeed.

>> No.23163435

>>23162775
Better advice I received on /biz/ in 4 years
Cheers anon

>> No.23163547

>>23162089
The redpill is, if you found it on biz, you are likely late to the party.