Hello everyone, good day. Please I'm new to crypto trading as they call it. I have a verified binance account with some money in it and I want to invest the money there and get a little bit more with it. I have bought some coins but I have some questions because I don't understand how the whole things works perfectly. Sometimes, it shows my daily pnl on red and I understood that it means I'm losing and sometimes it shows it in green which mean I gained something but how can I know the particular coins that are gaining and losing at any moment so I can know if I am to sell it it on buy more and wait for it to gain. And I would be greatful for useful coin suggestions and advice from you all.

Thank you as you teach me and guide me.

Please Mynd4 and Lala kindly move it to the right section

Spot trading isn't for kids.

Just buy stable coins like Matic,busd,etc and hodl.

You need to know how to generates signals before you can do spot trading for now

Pierocash:
Spot trading isn't for kids.

Just buy stable coins like Matic,busd,etc and hodl.

You need to know how to generates signals before you can do spot trading for now

That's exactly what I wanted to do. I just want to buy coin when it's low and then sell it when the price is high. Does is it seem I'm doing spot trading? I bought xrp, Shiba and matic. Should I just leave it like that?

I can see I have money in the earn section. Please does it mean that is what I earned as the coins I'm holding increased in price and will it disappear if the coin goes down?

How do I withdraw it out?

newbiebtc001:


That's exactly what I wanted to do. I just want to buy coin when it's low and then sell it when the price is high. Does is it seem I'm doing spot trading? I bought xrp, Shiba and matic. Should I just leave it like that?

yes

Leave it like that for now.

Spot trading is for those with more experience and want to make money on daily basis.

But buy and hodl,you will still make good cash by so doing.

There were coins that if you had bought them in January with atleast $100 ,by now you would have made over $2-3k

So to buy and hold is also trading

Pierocash:
yes

Leave it like that for now.

Spot trading is for those with more experience and want to make money on daily basis.

But buy and hodl,you will still make good cash by so doing.

There were coins that if you had bought them in January with atleast $100 ,by now you would have made over $2-3k

So to buy and hold is also trading

Alright, thank you. Which other coin should I buy and hold? And also check the image below

newbiebtc001:



Alright, thank you. Which other coin should I buy and hold? And also check the image below

buy the ones I listed there, Matic, busd, Etc.

By the end of the dip after price correction,you will see more token to buy

Pierocash:
buy the ones I listed there, Matic, busd, Etc.

By the end of the dip after price correction,you will see more token to buy

I have bought some busd. But I noticed the earned amount has reduce from 385 to 305.

Can I move whatever I earned to anywhere that it won't affect it when the coin price goes down? Or what should I do. I think if I had moved the 385 the $80 that gone would have been there by now or what do you think

newbiebtc001:



I have bought some busd. But I noticed the earned amount has reduce from 385 to 305.

Can I move whatever I earned to anywhere that it won't affect it when the coin price goes down? Or what should I do. I think if I had moved the 385 the $80 that gone would have been there by now or what do you think

leave it like that.

The whole token is on a dip right now,no where you move it to that the dip won't affect it,just that some coins are more stable than the others. But all the coins are experiencing the dip right now.

Until you sell, you've not lost anything

Pierocash:
leave it like that.

The whole token is on a dip right now,no where you move it to that the dip won't affect it,just that some coins are more stable than the others. But all the coins are experiencing the dip right now.

Until you sell, you've not lost anything

Even if I move it to P2P?

newbiebtc001:


Even if I move it to P2P?

yes.

Moving it to P2P doesn't make it less a coin,the market is same one.

P2P is just a wallet in Binance nothing more

Pierocash:
yes.

Moving it to P2P doesn't make it less a coin,the market is same one.

P2P is just a wallet in Binance nothing more

What I'm trying to do is this. Let's say I bought this coin when it was 10 naira and it now went to 15 naira, if I leave it and it goes back to 10 naira, you see I have lost the 5 naira but if I remove the 5 that moment it went up then I would have gained 5 naira. This thing is even confusing me that is saying it. I don't know if you getvwhat I am trying to say.

I think want I want to do is take out only the gain and wait till the coin goes back to the initial price like the 10 naira I used as an example and then I will use the gain (5 naira) to buy more and ad to the 10. Like btc has been going up and down so let say I took out the 385 and wait for it to go down and then use the 385 to buy more. Isn't that a good idea?

newbiebtc001:


What I'm trying to do is this. Let's say I bought this coin when it was 10 naira and it now went to 15 naira, if I leave it and it goes back to 10 naira, you see I have lost the 5 naira but if I remove the 5 that moment it went up then I would have gained 5 naira. This thing is even confusing me that is saying it. I don't know if you getvwhat I am trying to say.

the market isn't stable for now, let there be stability first,before thinking of selling anything for now

newbiebtc001:


What I'm trying to do is this. Let's say I bought this coin when it was 10 naira and it now went to 15 naira, if I leave it and it goes back to 10 naira, you see I have lost the 5 naira but if I remove the 5 that moment it went up then I would have gained 5 naira. This thing is even confusing me that is saying it. I don't know if you getvwhat I am trying to say.

If you remove the 5 naira gain leaving 10 naira,when the market goes down,that your 10 might have reduced to 5 naira,so you still did not make any gain.

When you see you've already made some profits, you convert that coin to a stable coin e.g. USDT.
Now if the market dips again, you buy. And when it rises to a point,you take your profit by selling to USDT.

The price of USDT does not go up and down like other coins. USDT is approximately equivalent to USD, therefore it is a stable coin.

Clint02:
If you remove the 5 naira gain leaving 10 naira,when the market goes down,that your 10 might have reduced to 5 naira,so you still did not make any gain.

Okay, I think I get it now. What I should have done is when it increased to 15 naira, I would sell all at the current market rate and then wait for it to fall then I use the 15 to buy at rate of 10 thereby increasing the amount now have to 15. Is that it? I just want to take advantage of the rise and fall of the market. Btc has been going up and down the last few days

I'm losing more than $400 right now. I think the market went very low

newbiebtc001:
I'm losing more than $400 right now. I think the market went very low

That's the fun

MMM

newbiebtc001:


Okay, I think I get it now. What I should have done is when it increased to 15 naira, I would sell all at the current market rate and then wait for it to fall then I use the 15 to buy at rate of 10 thereby increasing the amount now have to 15. Is that it? I just want to take advantage of the rise and fall of the market. Btc has been going up and down the last few days

Yes that's it. Once you use that 15 to buy at the rate of 10,if it rises again, your total profit will now be 20naira.

newbiebtc001:
I'm losing more than $400 right now. I think the market went very low

$400 just like that

Clint02:
Yes that's it. Once you use that 15 to buy at the rate of 10,if it rises again, your total profit will now be 20naira.

Now how can I know the particular coin that is rising and the one that's falling. I have like 6 different coins

newbiebtc001:


Now how can I know the particular coin that is rising and the one that's falling. I have like 6 different coins

Go and do research on Crypto trading. Learn about candlesticks.