Have you ever experienced this rare trading opportunity? How do you cope with it?

[iloveyobit 6599]

14 hours ago, DoboniAyuuii said:

There was a day I applied stop loss and the market favor but I did not gain because the market close when it got to stop loss limit before I create beyond gain. 

Sometimes market makers deliberately lower the price in order to hit the stop loss of traders, in order to lose and win the market makers, and this is manipulation.

[kadayakito 765]

I always feared that I would miss the opportunity and I always tried my best and quickly made a decision because I knew the opportunity was not waiting for me.

[Rendra808 92]

i have accomplished it too numerous instances that when i need to go sleep the fee nevertheless solid so i had decide to look replace rate the next day once I sleep but whilst i used to be awakened i noticed the rate already fall and even there is no sign to pumped again and eventually i misplaced my cash from it

[jacker 1095]

Because of the fluctuations in currencies, you have to make your decision quickly, the opportunity doesn't come many times in your life, and the opportunity doesn't wait for anyone. There is no coping method besides constantly checking and quickly deciding, not in a hurry but also not greedy.

[Brushless4500KV 4214]

On 4/9/2020 at 12:17 PM, jacker said:

Because of the fluctuations in currencies, you have to make your decision quickly, the opportunity doesn't come many times in your life, and the opportunity doesn't wait for anyone. There is no coping method besides constantly checking and quickly deciding, not in a hurry but also not greedy.

If I invest more than $100 in a coin, I will forget about sleeping and wake up every 60 minutes during the night to check its prices. I think it is worth doing this for one night because the joy you get from hunting opportunities is more than sleeping. This kind of strategy is necessary if you are a day trader because every hour can affect your profit. Long term trading will forgive some negligence but day trading is not forgiving at all. If you have a friend in another region in which he is in the morning while you are at night, you can ask him to check prices for you until you wake up.

[koussai999 1986]

On 12/4/2019 at 11:53 AM, Brushless4500KV said:

We all know that cryptocurrency is an extremely unstable market. It may change even every minute or every hour. It is not unusual for cryptocurrency prices to rise and fall several times during 24 hours a day. There are lots of earning opportunities that happen for us during this heavy price movements. But there is a problem that I don't know how to cope with it. Sometimes you buy a coin at a certain price and wait for price rise to sell it but you can't check prices 24 hours a day! That's impossible! Once it happened for me that I had bought a coin and when I was asleep, its price had increased during the night for a few hours! When I woke up in the morning, I was so unhappy that my coin's price had fallen and I couldn't take advantage of the golden opportunity that happened last night! Luck will only knock on your door once, if you don't respond, it will go away!

What should we do to prevent missing this kind of opportunity? It would be nice if there was something like a price movement alarm which could inform you when the price would exceed a certain threshold.

I think it's really annoying
I advise you to try the applications that alert you that the price has reached this stage that you want. I advise you to search for it or to search for it and to try it, it may help you

[Treat1234 0]

That is the challenges many people face in the crypto currency price fluctation you earn profit by chance not by choice.

 

[pablomarwan 3082]

There is no need here. You have to determine the time you will be caught. Watch from time to time, monitor your currency movements. Or, specify in advance in the platform where you deal with when you must sell your currency when the price reaches that limit here, you will not need to note each time the chart in order to track your currencies. Another matter is that you do not buy any currency of its highest value because you will not get any profits or aspirations for it until after a long period

[Goyaa 2414]

On 12/4/2019 at 11:53 PM, Brushless4500KV said:

We all know that cryptocurrency is an extremely unstable market. It may change even every minute or every hour. It is not unusual for cryptocurrency prices to rise and fall several times during 24 hours a day. There are lots of earning opportunities that happen for us during this heavy price movements. But there is a problem that I don't know how to cope with it. Sometimes you buy a coin at a certain price and wait for price rise to sell it but you can't check prices 24 hours a day! That's impossible! Once it happened for me that I had bought a coin and when I was asleep, its price had increased during the night for a few hours! When I woke up in the morning, I was so unhappy that my coin's price had fallen and I couldn't take advantage of the golden opportunity that happened last night! Luck will only knock on your door once, if you don't respond, it will go away!

What should we do to prevent missing this kind of opportunity? It would be nice if there was something like a price movement alarm which could inform you when the price would exceed a certain threshold.

I think we can set a notification when the price of the coin we are trading goes up, the exchange has an upper limit notification setting. We can adjust it to the price we want to achieve so as not to miss the price movement.

[Brushless4500KV 4214]

4 hours ago, Goyaa said:

I think we can set a notification when the price of the coin we are trading goes up, the exchange has an upper limit notification setting. We can adjust it to the price we want to achieve so as not to miss the price movement.

This seems like a proper solution but which exchange you are talking about? Which kind of notification it provides? A sound or just a message? I think the best one is receiving a message in your mobile phone about any change in prices or when the price is getting close to your limit. If this system works in practice, we don't need to check prices multiple times during a day.

[yuriblanco 27]

On 12/4/2019 at 11:53 AM, Brushless4500KV said:

We all know that cryptocurrency is an extremely unstable market. It may change even every minute or every hour. It is not unusual for cryptocurrency prices to rise and fall several times during 24 hours a day. There are lots of earning opportunities that happen for us during this heavy price movements. But there is a problem that I don't know how to cope with it. Sometimes you buy a coin at a certain price and wait for price rise to sell it but you can't check prices 24 hours a day! That's impossible! Once it happened for me that I had bought a coin and when I was asleep, its price had increased during the night for a few hours! When I woke up in the morning, I was so unhappy that my coin's price had fallen and I couldn't take advantage of the golden opportunity that happened last night! Luck will only knock on your door once, if you don't respond, it will go away!

What should we do to prevent missing this kind of opportunity? It would be nice if there was something like a price movement alarm which could inform you when the price would exceed a certain threshold.

When trading you can apply the Stop-loss that is an order that you send to your broker to close a position automatically and also The Take-profit that works in practically the same way, allows you to block your profit when a certain level is reached Price. Therefore, the SL / TP are used to exit the market. Preferably, in the right way and at the right time.

[Onden 2098]

So that events like that don't happen again, it's better to activate an alarm so we can update crypto prices on the market, we can set an alarm to sound once an hour to remind us to check the market. Or maybe, turn on notifications on the exchange, so that when the desired price is reached, the exchange alarm can sound.

[Jromz 2158]

If I understood correctly, you missed the chance of selling at a higher price that took place overnight, certainly I experienced this a few times when I started doing trading. This situation could be prevented by using the take profit functionality on your exchange. This tool allow us to set a sell order where we consider the price is going to revert at a resistance, if the price eventually gets there, that triggers the order, and the asset is sold automatically. 

Edited November 2, 2020 by Jromz

[SuperCrypto 7193]

On 12/4/2019 at 6:53 PM, Brushless4500KV said:

What should we do to prevent missing this kind of opportunity? It would be nice if there was something like a price movement alarm which could inform you when the price would exceed a certain threshold.

It is difficult to monitor the market 24/24, so there are facilities in placing pre-sale and buy orders in the platforms where you can place the appropriate order and leave monitoring the platform for some time. Applications were also available that contain a variety of features that make it easy to stay informed of market developments and the value of cryptocurrencies as soon as they move.

[Brushless4500KV 4214]

7 hours ago, SuperCrypto said:

It is difficult to monitor the market 24/24, so there are facilities in placing pre-sale and buy orders in the platforms where you can place the appropriate order and leave monitoring the platform for some time. Applications were also available that contain a variety of features that make it easy to stay informed of market developments and the value of cryptocurrencies as soon as they move.

Keeping an eye for prices all the time can be tiresome and annoying but sometimes it may be necessary especially when the market is experiencing an unknown situation and no one can predict anything and has to wait. The solutions about setting order or using applications are quite useful but sometimes you set a price for selling and then your coin will exceed that price and you regret selling soon! I agree that automatic monitoring is a great idea but sometimes manual control can yield better results.

[yato987 2811]

the best thing you can do in this situation is to watch the movement of this currency for sometime before you start buying and selling it , maybe for a day or 2 , this way you can know the  time when sell and buy orders start working and when the price pump and see the lower price and higher price it reaches during these 2 days, this way in3rd day you will be able to decide if the price is low or not and if it's good to buy at it or not , I followed this with TALK and was able to make some good profits

[Smallingcane012 344]

I have not experience trade rare opportunity before, talk less to know know how to cope during this periods.

[Brushless4500KV 4214]

12 hours ago, rami123 said:

Hello friends, in general I follow a golden rule Maintain your presence in the market for the longest period until you seize opportunities that never end. The important thing is to maintain the continuity of your presence and stay in the market and make sure, my friend, the opportunity is repeated continuously.

How can you expect someone with a busy lifestyle to remain on the market the whole day? People have routine tasks to do. That's why orders are beneficial. You should set your desired selling price and leave your trade to be finished by itself. Being present all the time doesn't mean you will grab opportunities forever. Sometimes you will get bored of following the market when everything is stabilized and you find no fluctuations. Taking a break between trade is essential for the peace of mind and a fresh start.

[Abdulrahman3 1252]

Traders have faced this problem since the beginning of trading in shares on the stock exchange, before Bitcoin came to the market. And for that, they developed more than one solution, the most important of these solutions are robots that tell you the rise or fall of the currency you want.

[Sir Lyman 399]

If I can understand you very well you are talking about short term trading where you have to be online and wait for the golden opportunity when the price have rise and make some good profit well in these case you have to set a certain time which your alarm will wake you up and check the market again either you have make profit or not.

[selfmade 7]

On 12/4/2019 at 7:53 PM, Brushless4500KV said:

What should we do to prevent missing this kind of opportunity? It would be nice if there was something like a price movement alarm which could inform you when the price would exceed a certain threshold.

Here is what to do, we trade manually on a day and make sure that at night when we sleep we place a stop loss and a stop on win.

[Rozy 1918]

I hope that I did a mistake myself but unfortunately my mistake was not totally mine, the circumstances lead to this and I lost in it around one hundred Dollar and it was the first one that I was supposed to earn ,so sometimes one can see the opportunity , you do not have to be asleep as you were, you might be awake ad totally aware that this is an opportunity but you cannot make advantage of it.  

[ibrahim halil anaç 138]

In order not to miss such opportunities, set a price for how much you will sell your coin, then give a sell order at the price you set for the coin you own on the exchange you are trading on. This way, you don't miss opportunities while you sleep and you won't be upset when you wake up in the morning.

[selfmade 7]

10 hours ago, marcecripto said:

Everything you say is true, but that opportunity would not have gone if you had put profit taking and stop losses through a strategy. I can tell that you are not working with a clear strategy. So this becomes a casino where we can do very well but the house always wins, so it is most likely to lose everything.

You are absolutely right, and I think what is missing here is lack of trading education, something most crypto traders are not taking seriously.

[Chakomakasi0123 52]

I ever experience trade opportunity and it so benefited to me and it also benefited to other members in the forum.