Practical Advice for Beginners: How to Choose the Best Time to Buy?

If you're just starting to step into the world of investing or trading, you've probably heard the famous saying: "Buy low and sell high." Sounds simple, right? But for beginners, determining what truly constitutes a "drop" or a "rise" can be quite a challenge. Please elaborate here on how you can improve your strategy and avoid common pitfalls.

1. "Down" Point Determination Challenge Many beginners believe that buying at a low price means entering the order when everything is red on the chart, meaning when the price is falling sharply. This is a common mistake and can lead to significant losses, as it did for me at first. 😅 Imagine the scenario: you see a market full of red, thinking that the price has dropped a lot and decide to participate. However, after you make a purchase, the price continues to drop for another two or three days. Isn't that annoying? This happens because in most cases, the downward trend has not yet ended. This is the crucial time to know how to interpret market signals.
2. Golden advice: Wait for the market's direction change The safer time to buy is not when everything is red, but when the chart begins to show consistent signs of recovery. That is when the market transitions from red (falling) to green (rising). However, be careful: you should not enter immediately when the first green light appears. Why? Incorrect signal: Typically, the market presents small “fear” price increases in a downtrend, only to continue decreasing immediately afterwards. This occurs because large investors (also known as “whales”) may manipulate prices to deceive less experienced investors.
3. How to determine the best time? Below is a simple step-by-step guide to help you: Follow the general trend: Before making any decision, observe the behavior of the asset over the past few days or weeks. If the market is in a prolonged downturn, wait. Look for consistency: When the chart shifts from red to green, continue to monitor for a while. If the price stays green for a few hours or days, this could be a more reliable sign that the trend has changed. Be cautious with transactions: During a recovery, a slight increase in price followed by a decrease is normal. So, be patient before entering. Use basic indicators: Tools like moving average or trading volume can help confirm whether the price increase is legitimate or not.
4. Play the whale game Whales, who are large investors, often manipulate the market to create traps. They deliberately push the price down so that inexperienced investors sell off in panic and then buy at a low price. So, to play the same game, it is essential to stay calm and follow the strategy.
5. Summary of reality Don't buy on the first green light. Wait for confirmation that the market has changed direction. Be patient, make your biggest ally. Don't rely solely on 'feelings' or intuition. Make your decision based on consistent data and signals. For beginners, the most important thing to understand is that the market has many traps, but with patience and practice, you can avoid them and make better decisions. Remember that: entering the market at the right time will make a difference between profit and loss. If you have experience in technical analysis, you can supplement this strategy with your own research. If you are a beginner, take it slow, absorb knowledge in every move. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)