Topic: 31 days later.. Testing own strategy - page 2. (Read 264 times)
It would have been more better if as many as possible traders can also take their time in making some discoveries on new strategies and develop them for their personal use and for others to give a try on, so many people have already put in efforts in many ways that make us have the experience in what we are now using today which some of them are what we called trading indicators and many more.
Do you have a specified amount of profit or stop loss you are willing to take per trade or is that all random for you?
Secondly, for the returns you made after one month, I was quite surprised that the trading fees did don't affect your profit that much.
I like this idea of trading challenges or journals. Keep up. I have been thinking of creating my own though I am still inconsistent because of lack of enough screen time lately.
Secondly, for the returns you made after one month, I was quite surprised that the trading fees did don't affect your profit that much.
I like this idea of trading challenges or journals. Keep up. I have been thinking of creating my own though I am still inconsistent because of lack of enough screen time lately.
It's been 31 days since I started testing a strategy I designed in TradingView, applying my knowledge in trading and investments. This is a continuation of my previous post https://bitcointalksearch.org/topic/is-a-20-annual-return-good-5468812 in which I asked whether achieving an average annual return of 20% was considered good. There were several interesting comments, with some people saying it's a good return for spot trading, while others felt it's a very low return due to the high risk and volatility in the cryptocurrency market. Some mentioned that for a small capital, it might not be worth the effort for such a small gain. I'd like to address some of the points that came up in the post.
It is natural that not everyone will comment the same. Some people will support your 20% annual return considering its aspect and some people will not consider 20% return as the right return because of the additional risk of money. Two different ideas, but both are correct. We should be satisfied with twenty percent out of 100%. If you have enough confidence in your trading skills then I think twenty percent is a lot of return. On the other hand, if $20,000 is invested, the return at the end of the year is only $2,000, so here I have risked $20,000, since I have risked money, this money could have been lost, so considering this, 20% is a bit less. 20% returns will be fine when you have full confidence in your trading strategy. 
It's been 31 days since I started testing a strategy I designed in TradingView, applying my knowledge in trading and investments. This is a continuation of my previous post https://bitcointalksearch.org/topic/is-a-20-annual-return-good-5468812 in which I asked whether achieving an average annual return of 20% was considered good. There were several interesting comments, with some people saying it's a good return for spot trading, while others felt it's a very low return due to the high risk and volatility in the cryptocurrency market. Some mentioned that for a small capital, it might not be worth the effort for such a small gain. I'd like to address some of the points that came up in the post.
**Risk Management:**
The strategy divided my capital, and the involves making multiple purchases as the price drops, averaging the cost, and selling when a certain profit-taking level is reached. In the Google Sheet I'll share, there's a sheet defining the risk and why I consider it a medium-to-low risk strategy.
**Trading Operation:**
My strategy is designed for Bitcoin, but it can work with other cryptocurrencies. I primarily use a 3-hour timeframe.
**Time and Management:**
You don't need to be in front of your computer all the time. Once I get a signal on TradingView, it sends a notification to the app and email with the quantity of BTC to buy and the price. Placing the buy limit and sell limit orders takes just one minute, which I find manageable for a 20% return.
**Performance in 31 Days:**
I've completed six trades, including both buying and selling. Over these 31 days, I've achieved a return of 1.91%, which translates to a daily return of 0.06%. Projected over a year, that would be 22.52%, but this can vary based on market behavior. It's important to note that this is in the spot market. Can it be done in futures? Yes, and with leverage (2x or 3x), you can easily reach 60% to 70% returns due to compound interest. However, I prefer the spot market as I see it more as a long-term investment.
Here's the link to the spreadsheet https://docs.google.com/spreadsheets/d/1nfNuJB5ZkewvZ8A9ACPJik0p3Vq1g-TO/edit?usp=sharing&ouid=105063930982027234018&rtpof=true&sd=true where you can see all the trades I've made, a screenshot of how the strategy operates on TradingView, and a sheet of risk. I'll provide another update at 60 days and continue until I reach 180 days, which will conclude my testing, and then I'll consider adding more capital. Feel free to ask anything...
**Risk Management:**
The strategy divided my capital, and the involves making multiple purchases as the price drops, averaging the cost, and selling when a certain profit-taking level is reached. In the Google Sheet I'll share, there's a sheet defining the risk and why I consider it a medium-to-low risk strategy.
**Trading Operation:**
My strategy is designed for Bitcoin, but it can work with other cryptocurrencies. I primarily use a 3-hour timeframe.
**Time and Management:**
You don't need to be in front of your computer all the time. Once I get a signal on TradingView, it sends a notification to the app and email with the quantity of BTC to buy and the price. Placing the buy limit and sell limit orders takes just one minute, which I find manageable for a 20% return.
**Performance in 31 Days:**
I've completed six trades, including both buying and selling. Over these 31 days, I've achieved a return of 1.91%, which translates to a daily return of 0.06%. Projected over a year, that would be 22.52%, but this can vary based on market behavior. It's important to note that this is in the spot market. Can it be done in futures? Yes, and with leverage (2x or 3x), you can easily reach 60% to 70% returns due to compound interest. However, I prefer the spot market as I see it more as a long-term investment.
Here's the link to the spreadsheet https://docs.google.com/spreadsheets/d/1nfNuJB5ZkewvZ8A9ACPJik0p3Vq1g-TO/edit?usp=sharing&ouid=105063930982027234018&rtpof=true&sd=true where you can see all the trades I've made, a screenshot of how the strategy operates on TradingView, and a sheet of risk. I'll provide another update at 60 days and continue until I reach 180 days, which will conclude my testing, and then I'll consider adding more capital. Feel free to ask anything...
In the first place, you don't really need to stay in front of the computer all day, because that depends on the timeframe you set up. Now, if your set-up is every 3 hours, that means every 3 hours that pass, there will be a new candle formation on the chart, either buy or sell. And the one left by the line on the candlestick is called the wick.
With this strategy of trading, it is really necessary to understand that you really have to. It's really not possible for you to make unfounded predictions; that's the truth. So, if you earn even 0.5%, it will still be a profit. You will only see that there is no profit in your way if the profit you see is zero percent or below.
It's been 31 days since I started testing a strategy I designed in TradingView, applying my knowledge in trading and investments. This is a continuation of my previous post https://bitcointalksearch.org/topic/is-a-20-annual-return-good-5468812 in which I asked whether achieving an average annual return of 20% was considered good. There were several interesting comments, with some people saying it's a good return for spot trading, while others felt it's a very low return due to the high risk and volatility in the cryptocurrency market. Some mentioned that for a small capital, it might not be worth the effort for such a small gain. I'd like to address some of the points that came up in the post.
**Risk Management:**
The strategy divided my capital, and the involves making multiple purchases as the price drops, averaging the cost, and selling when a certain profit-taking level is reached. In the Google Sheet I'll share, there's a sheet defining the risk and why I consider it a medium-to-low risk strategy.
**Trading Operation:**
My strategy is designed for Bitcoin, but it can work with other cryptocurrencies. I primarily use a 3-hour timeframe.
**Time and Management:**
You don't need to be in front of your computer all the time. Once I get a signal on TradingView, it sends a notification to the app and email with the quantity of BTC to buy and the price. Placing the buy limit and sell limit orders takes just one minute, which I find manageable for a 20% return.
**Performance in 31 Days:**
I've completed six trades, including both buying and selling. Over these 31 days, I've achieved a return of 1.91%, which translates to a daily return of 0.06%. Projected over a year, that would be 22.52%, but this can vary based on market behavior. It's important to note that this is in the spot market. Can it be done in futures? Yes, and with leverage (2x or 3x), you can easily reach 60% to 70% returns due to compound interest. However, I prefer the spot market as I see it more as a long-term investment.
Here's the link to the spreadsheet https://docs.google.com/spreadsheets/d/1TCRy0wyyBBvGvz8p2wEyB2RcslsJvZ9eN0gGrHWJOjo/edit?usp=sharing where you can see all the trades I've made, a screenshot of how the strategy operates on TradingView, and a sheet of risk. I'll provide another update at 60 days and continue until I reach 180 days, which will conclude my testing, and then I'll consider adding more capital. Feel free to ask anything...
Edit
I've created a Telegram group where I'll be sharing my daily trades. It's free, so feel free to join if you'd like. https://t.me/CryptoBeeStrategy
**Risk Management:**
The strategy divided my capital, and the involves making multiple purchases as the price drops, averaging the cost, and selling when a certain profit-taking level is reached. In the Google Sheet I'll share, there's a sheet defining the risk and why I consider it a medium-to-low risk strategy.
**Trading Operation:**
My strategy is designed for Bitcoin, but it can work with other cryptocurrencies. I primarily use a 3-hour timeframe.
**Time and Management:**
You don't need to be in front of your computer all the time. Once I get a signal on TradingView, it sends a notification to the app and email with the quantity of BTC to buy and the price. Placing the buy limit and sell limit orders takes just one minute, which I find manageable for a 20% return.
**Performance in 31 Days:**
I've completed six trades, including both buying and selling. Over these 31 days, I've achieved a return of 1.91%, which translates to a daily return of 0.06%. Projected over a year, that would be 22.52%, but this can vary based on market behavior. It's important to note that this is in the spot market. Can it be done in futures? Yes, and with leverage (2x or 3x), you can easily reach 60% to 70% returns due to compound interest. However, I prefer the spot market as I see it more as a long-term investment.
Here's the link to the spreadsheet https://docs.google.com/spreadsheets/d/1TCRy0wyyBBvGvz8p2wEyB2RcslsJvZ9eN0gGrHWJOjo/edit?usp=sharing where you can see all the trades I've made, a screenshot of how the strategy operates on TradingView, and a sheet of risk. I'll provide another update at 60 days and continue until I reach 180 days, which will conclude my testing, and then I'll consider adding more capital. Feel free to ask anything...
Edit
I've created a Telegram group where I'll be sharing my daily trades. It's free, so feel free to join if you'd like. https://t.me/CryptoBeeStrategy
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