Is there a reason i keep buying high and selling low?

because you're fucking retarded and think you can time the market.

Repeat after me:

>I cannot time the market, timing the market is a trillion dollar question that I cannot answer, I am in no way smart enough to solve it. I will instead average out my buying point over a period of time, buying more during larger dips and selling some for fiat during the next ATH or peak.

This is the Veeky Forumsway user

In my head what youre saying makes complete sense but for some reason i cant apply it when trading

whoah nice rare apu thnx op

i am suffering from this same mental illness user, i keep making this same mistake
thanks, I'm actually screencapping this

It's because you are a certified Veeky Forumslet.

your other option:

unironically HODL with good coins, change positions to more promising projects if any come out every 4 months or so

Considering even tethering up costs a transaction fee, trading and averaging out is pretty fucking stupid unless you're playing with 5+ figures

Hodl is a dumb fucking meme but its not a bad strategy. Maybe tether your initial or like 50% of your portfolio if you see a new ATH. Buy back in if we go 50% below that.

Because you're a dum-dum. Tip: whenever you get those urges/instincts that tell you to buy or sell, do the exact opposite. Guaranteed profit. This is what separates the winners from the pink wojaks on this board

Normies, when they talk about buying/selling, say things to the effect of

"I buy when it starts going up and looks like it'll keep going"
and
"I sell if it looks like it's going to drop hard"

It would be a perfectly reasonable winning strategy: the big problem (the one the normie mind can't seem to process) is there's no characteristic "look" for an upswing or downswing. So you're basically just guessing wildly and it's going to make you buy high and sell low

This

>Hodl is a dumb fucking meme but its not a bad strategy.
This. it's not just cryptos either
businessinsider.com/warren-buffett-wins-million-dollar-bet-against-hedge-funds-2018-1

(((Elite))) active trading professionals got raped over a decade by amateurs who simply hodl.

>Invested million dollars
>MILLION DOLLARS

Of course it is better to hodl whene you have million dolllars, but when you start with 2k, it is dumb to hodl unless you don't plan on earning 5k in a year. Which you can earn begging on the street

Yeah putting in 2k worth of dollars a year ago when Eth was 10 bucks and holding would have been fucking retarded, amirite?

daytrading with a small amount is a good way to lose it all to transaction and trade fees even if you break even, that way you can make pink wojack threads like everyone else here!

>hurr but im da smartust i will time da mar cat!

Yes, untrained neets full of hubris are great at trading kek

This user is right. Basically when in a downtrend, stock up on fiat and buy in increments. Say if you have 100k then buy in 10k increments. If you think it's gonna rise, buy your first 10k if you think this is the first sign of a reversal. If it goes down the next day, wait again and resist the urge to sell. If you think a reversal is now about to happen then buy another 10k. If it goes up the next then buy 10k, then another, then another until you exhaust the 100k. Congrats, you just averaged out. Now all you do is either ride the market and hold or set a timetable when you want to cash out gains.

condition yourself that price drop does not equal sell all.

You sell only a percentage, then buy back on the drop with the percentage you sold at the top.

Otherwise you're gambling.

>He didn't even read the article
Forgot how anti-knowledge Veeky Forumstards are

It was amateur s&p500 hodlers vs "professional" traders
>In 2007, Warren Buffett entered a million-dollar bet with the fund manager Protégé Partners that the S&P 500 would beat a basket of hedge funds over the next decade.
>His S&P 500 index fund compounded a 7.1% annual gain over 10 years, beating an average increase of 2.2% by the basket of funds selected by Protégé Partners.
>Buffett has taken issue with hedge funds' high fees and their promise of outperforming the market.