How to play when the market goes up ?

InwestorWkapeluszu · Dec 19, 2017

First of all sorry for not putting a better topic title. I couldn't find better one.

The question is based on a Crypto pairs but I think it refers to all the market.

Suppose that I play on a BitCoin market and a BitCoin is on a strong bullish ride.

At the same time, I want to buy Ethernum (ETH/BTC) and some other pairs. Should I wait until bitcoin get some drawdown or it doesn't metter because I'm still on bitcoin market?

Does my account balance strongly depend on a time in which I buy a Xpair/BTC due to a value of BTC/USD ? Or it can only make a difference for me when I play a BTC/USD at the same time?

I have now idea if I made this question clear for You... I hope I did

Pleas help!

tomorton · Dec 19, 2017

Please my friend don't go near this stuff until you understand how to play this game. Surely this is not the only chance in a life-time you have to make money (but it is a very good opportunity to lose it all).

InwestorWkapeluszu · Dec 19, 2017

tomorton said:
Please my friend don't go near this stuff until you understand how to play this game. Surely this is not the only chance in a life-time you have to make money (but it is a very good opportunity to lose it all).

Yes. This is why I asked this question

Please, give me an answer or a good read on this topic.

tomorton · Dec 19, 2017

InwestorWkapeluszu said:
Yes. This is why I asked this question Please, give me an answer or a good read on this topic.

I will not give a direct answer as I will not help you to lose all your money. I don't see any other outcome.

mpups · Dec 19, 2017

InwestorWkapeluszu said:
First of all sorry for not putting a better topic title. I couldn't find better one.

The question is based on a Crypto pairs but I think it refers to all the market.

Suppose that I play on a BitCoin market and a BitCoin is on a strong bullish ride.

At the same time, I want to buy Ethernum (ETH/BTC) and some other pairs. Should I wait until bitcoin get some drawdown or it doesn't metter because I'm still on bitcoin market?

Does my account balance strongly depend on a time in which I buy a Xpair/BTC due to a value of BTC/USD ? Or it can only make a difference for me when I play a BTC/USD at the same time?

I have now idea if I made this question clear for You... I hope I did

Pleas help!

hi, sorry no this is confusing text, i don't know what you are asking

Brumby · Dec 19, 2017

InwestorWkapeluszu said:
The question is based on a Crypto pairs but I think it refers to all the market.

Suppose that I play on a BitCoin market and a BitCoin is on a strong bullish ride.

At the same time, I want to buy Ethernum (ETH/BTC) and some other pairs. Should I wait until bitcoin get some drawdown or it doesn't metter because I'm still on bitcoin market?

Does my account balance strongly depend on a time in which I buy a Xpair/BTC due to a value of BTC/USD ? Or it can only make a difference for me when I play a BTC/USD at the same time?

If your conviction is a trend continuation then one entry approach is to buy a pullback (drawdown has a different meaning). You can just buy regardless if you don't care about trade location but such an approach may carry greater risk if you are using it indiscreetly.

InwestorWkapeluszu · Dec 20, 2017

Sorry for a confusing question... Sometimes the simples things are the hardest for me to understand.

I got some sleep and see how silly my question is.

Now I understand it

mpups · Dec 20, 2017

InwestorWkapeluszu said:
Sorry for a confusing question... Sometimes the simples things are the hardest for me to understand.

I got some sleep and see how silly my question is.

Now I understand it

Glad you sorted it. Out of interest, what was the question and what was the answer?

Dagerban · Dec 27, 2017

Going into trading crypto without understanding how it works isn't the best way to make money.

mpups · Dec 27, 2017

Dagerban said:
Going into trading crypto without understanding how it works isn't the best way to make money.

he found the answer without knowing what the question was

FPin · Jan 5, 2018

As I understand you wanna buy ETH/BTC but now you have open positions for BTC/USD.
Ok, you're asking about what you should do to earn more. Join ETH now or sell BTC before it...
My opinion that BTC will go up in the next 2 month and will grow up to 21k, so it is no reason to stop trade BTC if you are in long position. (this is only my opinion)
If you wanna trade ETH/BTC you should understand that if BTC will grow, so ETH/BTC will go down, so you should sell ETH/BTC. But ETH price also can effect the ETH/BTC and you should know that if ETH will rise in price, so ETH/BTC will go up.

How to play when the market goes up ?

InwestorWkapeluszu

Junior member

tomorton

Guest Author

InwestorWkapeluszu

Junior member

tomorton

Guest Author

mpups

Experienced member

Brumby

Established member

InwestorWkapeluszu

Junior member

mpups

Experienced member

Dagerban

Active member

mpups

Experienced member

FPin

Newbie

Similar threads