What do you do immediately after each price rise while trading?

[Brushless4500KV 4214]

As you know, each moment of price rise is a very important stage in trading cryptocurrency. You should know exactly what you must do after that because any wrong decision will have negative results. Let me explain a little more with an example. Suppose you bought 0.05 BTC with $500 investment (buying price = $10K). You are waiting for price rise after that and then you see BTC price rises to $12K. Now I want to know what do you do next? Which of the following?

 

1 - You sell your BTC as soon as possible and convert it to fiat and spend it.

2 - You convert it to fiat and immediately buy BTC again and hold it in your wallet for the next price movement.

3 - You forget about fiat and hold your BTC longer to get more profit from more price rise.

 

Which of the above scenarios is closest to your trading strategy and which one do you think is the best thing to do?

[iloveyobit 6599]

Mostly, I make my decision before I trade, I do a technical analysis of the currency that I want to trade on and at the first rise in the currency and reach my goals I sell and exit, the rest of the work depends on the market if it is stable, I maintain bitcoin, but if I expect it to decrease, I convert it to dollars, good luck .

[sportlopez9000 232]

After the price rises I think about why is it rising. I check the news sites. I check the forums. I look in chat rooms. I try to figure out if there is news I don't know about, and if I should react and buy more, or if I should get away. Usually the price is not moving on news, and it is just moving on fluff or nothing and I do not get involved. When there is news (like exchange hack) then I go invest because I know people will overreact to this news and the price will go back.

[kazumina91 148]

Most of the transactions I make I do research before making a decision to buy or sell,
do not add what is not yours, if you have achieved the tager, you should not wait to sell or buy but immediately do
good luck

[Whydoyoucare 1094]

Most of the trade or transcactions i made i always do a research before doing some action or decisions. in crypto trading what matters the most is how are you gonna decide in every trade.

[Brushless4500KV 4214]

10 hours ago, Yawar said:

Their are two scenarios...

Scenario 1: Prices moves higher and higher... over 20k and higher... how you would feel? Maybo FOMO buying in?

Scenario 2: Prices goes down... 4k "nice" ... 3k "yeah, a new chance" ... 2k "oh, something wrong here" . Which one you go for?

Since I am a slow and safe trader, I always prefer more security to more potential (and risky) profit. So, I take a conservative approach when it comes to making any decisions.

In the first scenario when the prices keep going up, I will wait and keep my patience. I check coin prices regularly to see how far they go in terms of value. If I see the price rise stops and becomes steady for a while, I don't do anything to see what happens next. If the prices go down after a period of steadiness, I don't take more risks and sell my coins and convert them to fiat and wait until the next bear market to buy again.

In the second scenario I react almost the opposite of the previous one. I wait for prices to fall as low as possible and then I buy as much as I can to invest for the long term.

[Brushless4500KV 4214]

Some traders say they don't sell their coins if they see any price rise. They wait more to sell at higher prices. I think this scenario is somehow like greed. I never sell like this because how do you know if the subsequent price movement is rise or fall? Their reason for waiting more and selling later is that they say if you buy with the first price rise you will regret missing the opportunity of making more profit later. This case has happened to me multiple times that immediately after I sold my crypto, its price rose even higher. But I think this is not losing, this is only making less profit. Do you think less profit is still considered a kind of losing money? In my opinion, sustainable lower profits are better than risk-taking high profits.

[bentayebsalah 2280]

If the bitcoin price has increased significantly, I will sell part of my bitcoin and if it goes down I will buy a quantity of bitcoin using usdt
It's simple

[Ms.o 3322]

For me profit is profit even how small it is,so i will sell half of it into usdt,then wait for the other half for another increase.

If in case that it doesnt increase and price drop down, i will hold the remaining btc,and buy again from my usdt.

[gigabyteRTX 1583]

On 12/16/2019 at 8:42 PM, Brushless4500KV said:

As you know, each moment of price rise is a very important stage in trading cryptocurrency. You should know exactly what you must do after that because any wrong decision will have negative results. Let me explain a little more with an example. Suppose you bought 0.05 BTC with $500 investment (buying price = $10K). You are waiting for price rise after that and then you see BTC price rises to $12K. Now I want to know what do you do next? Which of the following?

 

1 - You sell your BTC as soon as possible and convert it to fiat and spend it.

2 - You convert it to fiat and immediately buy BTC again and hold it in your wallet for the next price movement.

3 - You forget about fiat and hold your BTC longer to get more profit from more price rise.

 

Which of the above scenarios is closest to your trading strategy and which one do you think is the best thing to do?

Well I do option 2, in my trading strategy I have a capital money to start for trading and I always circle the capital, here what I do for example I have a capital of $100 and every time I earn from trading let say I earn a profit and sum it all and the total is $150 I will convert my earnings to USD and send it to my wallet and covert it again to my country's fiat currency to cash it out through remittance, and after that, I cash in again the $100 because it is my capital and the $50 is my earning that I will use to buy things that I need. In short I keep an amount of money as capital to keep it cycling and make a profit in trading.

[vivek jain 308]

On 12/16/2019 at 11:49 PM, iloveyobit said:

Mostly, I make my decision before I trade, I do a technical analysis of the currency that I want to trade on and at the first rise in the currency and reach my goals I sell and exit, the rest of the work depends on the market if it is stable, I maintain bitcoin, but if I expect it to decrease, I convert it to dollars, good luck .

i am fundamental analysis person.i don't trade most often but i trade for long term holding.it never bothers me that price is going up or down.what matters is how much i am going to get over the period of time.

[iloveyobit 6599]

7 minutes ago, vivek jain said:

i am fundamental analysis person.i don't trade most often but i trade for long term holding.it never bothers me that price is going up or down.what matters is how much i am going to get over the period of time.

Yes, of course, the stockholders always resort to doing a very small number of deals for a big profit, but I do not have the patience to follow the holding strategy in order to have the best daily trading.

[lucky80 1046]

On 12/16/2019 at 7:42 PM, Brushless4500KV said:

1 - You sell your BTC as soon as possible and convert it to fiat and spend it.

2 - You convert it to fiat and immediately buy BTC again and hold it in your wallet for the next price movement.

3 - You forget about fiat and hold your BTC longer to get more profit from more price rise.

 

Which of the above scenarios is closest to your trading strategy and which one do you think is the best thing to do?

Number two. But I'll wait for the lowest price and buy it again. Then I took my profit out to buy all the possibilities.

[NordisLofer 77]

Most likely I will use the first method, because there the probability of making mistakes is less than in the other two methods. Yes, indeed, if I miss something, I don’t know something completely, then investing will show me a negative result.

[scorpiali 5626]

Every price rise it's the sell time don't wait and don't be Greedy and if you see that is bull run you can buy another time to sell again but it's difficult to know it exactly 

[Thekingcallme 1975]

I am using the second option which is the best and most profitable as I sell when it goes up and buy back when bitcoin goes down

[awaiskhan 175]

There comes a lot of situation while trading like if u need of immediate fiat currency then as the price rise u sell your btc and convert it into fiat and sometimes if u have addtional amount in btc then i will prefer to hold for next price rise moments.

[Sohel Rana Sazzad 453]

If you hear the value of all the coins that are rising during the trade, then you sell your coins and you will get a lot of profit.

[sazzad925379 128]

If the value of the coins goes up when trading, then of course I will sell those coins because I will get a lot of profit by selling these coins.

[teminalibug 309]

I you are on a losing coin you should buy a winning one fast, but of you are on a wining coin you should stay calm.

[kadayakito 765]

After each price increase in the transaction I will hold for myself some coins to sell for the next batch, the rest I convert into fiat.

[kazumina91 148]

If there is a profit, I will sell, I will wait for the market to move sideways or down, I continue to buy and wait for it to rise, then abns to make a profit, the story is only for a simple trader like I .

Edited January 7, 2020 by kazumina91

[ShakilA 373]

When i see all Cryptocurrency price is rising up then i will sell my crypto to earn more profit.This is very good decision when crypto price rises up

[Yanadia 1517]

If when I trade and BTC rises I will convert some to fiat and I leave the rest but keep looking at marketcapcoin because there are two choices for me to hold Bitcoin and buy ethereum for daily profit.

[nicolas1234789 2566]

I choose number one as primary step in my trading strategy. After all transaction done should send it into my bank for safety and so far my account still safe. The goal is make currency not crypto and that is my principal in crypto trading.