Topic: Best strategy for crypto trading - page 4. (Read 1221 times)

^ To tell you honestly day trading is very risky and there is no right or the best strategy that we can consider as accurate to use all of them are just predicting the market price. In my own, trading in a long term could be the best way to apply such a strategy because there is more time to think about when BTC prices move and you can set targeted profit before selling them. Buy low and sell high is the best and the safest strategy for me but like I said, this is not applicable on day trading or short-term trading.

The trading market does not move in a steady manner, its very volatile so expect that price fluctuates from time to time. And best strategies in trading will no longer work out the next time you trade. This is the reason why we need to be flexible in our strategies as we can't guarantee that the best strategy we have right now will still be valuable within the next few days. So if you want to be more successful in trading, do not just focus in a single strategy, build more strategies that you are comfortable and you can master them, so that if one does not work anymore, you can replace it with a better one.

Good strategies will actually gives you a desirable output that we wanted as if this is missing, even having those good and profitable coins will never give that thing.

meme coins are not and can't be considered profitable coins. They only got in the hype because of someone trying to manipulate the price which I think is too risky especially when planning for long-term holding. Better choose those coins that are naturally profitable as you can at least assure something in return. 

it takes patience to be able to do any work, including strategies on crypto trading, not just looking at good coins but also having to see really good movements, because that is needed to be able to get the difference from effective movements.
do not hesitate to hold some coins that are indeed very effective in trading and are always ready at all times to analyze well when it is time to buy and when to sell and do not get used to greed to achieve high value differences.

does not guarantee that the coin at the best rank will be better for trading, always choose the one that is more effective, so also don't hesitate to hold the coin meme if it is also profitable but it shouldn't be too long to hold it.

You will be choosing random coins that's why your strategy is not working. Choose some good coins then keep eye on them when you see a dump buy and sell when pump, then again wait for the dump. You can choose 5 tokens, 10 tokens, etc. But remember they must be fundamentally strong they must not be shitcoin or meme coins.

Well, those who have been dealing with signals have learned their lesson that majority of them are useless forecasts and they're being used as a milking cow.

It's always that case. A strategy could be working and making you money, couldn't work for the others and me. That's a real deal in trading that everyone should find their working strategy. It isn't easy at the beginning but eventually you'll learn it.

There's no best strategy because your expectations affect the way you trade. If it's a source of income and need money every month, you're going to have a completely different strategy than a person who has a job and treats trading as a way to get more bitcoins without spending more fiat.

For me the best strategy is to wait for big moves. I was never interested in grabbing every 5% move out there so I never sell at the first sign of green and buy at the first red. If you're trading Bitcoin and have patience, wait for it to go up or down at least 30% before you do anything. If Bitcoin is down 30% from its high, start gradually buying. If it's up 30% start gradually selling. It's called selling into the strength and buying fear. You want to sell when it's overbought and buy when it's oversold and the price doesn't really matter. For instance, we had the last ath at 70k. A drop below 48k would be a signal for you to start slowly buying. With a bottom of 33k, a move to 45k would be a sign to slowly start selling, ant that's what many people are doing. It doesn't mean this is the best thing you can do, because Bitcoin will probably break to 50k in the next 3 months, but in general Bitcoin destroys impatient traders. If you don't see it go your way don't panic, take a break.

Trading is really hard if you can't be the ideal trader you want to be. As you have to always monitor the market and make sure that you are giving the right mindset and the right attitude towards every market opportunities. But for me, no matter how good or successful a trader is, there is no best strategy that can be called. Because strategies are bound to change  every now and then since we know how dynamic the market is. And you cannot guarantee that the strategy that you are using right now will still be useful in the next time you trade. Strategies should be level up, so it should not remain forever as it is.

I can't say that my current strategy will work for you too, as your current strategy won't work for me either. So you have to discover it on your own by creating various experiences in trading that will help you to come up which strategy will best fit for you.  After all, its not the strategy that will bring much profits, but it relies on the right attitude of the trader itself. If you can be flexible and manage the emotions while trading, you can minimize the losses in trading.

The point is duplicate strategy mostly don't get the same result, if you follow traders pattern you need to adjust and enhance

not just purely duplicate everything, timing is very crucial if you don't know how this things works, you'll find yourself losing your money.

Investing is a combination of many characteristics and skills, equipping yourself will give you a high chance of success.

I believe lot's of people having thesame problem which you are having and some might have even spent lot's of money on trading signals which at the end they always end up turning into scam. To be serious with you I think everybody is having different trading pattern which I don't believe my strategy might work for you, am really making money with my strategy but if you try it you might endup losing money but why don't you try investing in a coin for long term maybe that will help you

I think whatever the condition is greed is not a positive thing because without us realizing it makes us suffer losses,
take profit little by little by paying attention to market conditions as well,
what you say is true because these two things are factors that can bring us success in trading

in fact 80 percent is it true. market changes do not move according to what we expect, even if the market moves with what we expect the changes are very small. Therefore, to make profitable trades, greed must be put aside. start with small profits but multiply the frequency of profits then we will get large benefit. In addition, we must learn technical and fundamental analysis as a trading tools to be successful.

There's no one forces to sell but if you're not greedy, you will sell and wait again for the dip. This is the cycle for most traders and there's no need to wait for that much move and rise of the token that you hold. But the reality, it's very easy to say but when it's about doing the actual thing, there goes the problem and hardship of doing it. When you're already there and seeing it go up, you may hit yourself with a change of heart that you shouldn't sell for now because you can earn more but just waiting for a few more rises. And when you're already waiting, there goes the change in the market that you're not expecting which is going to result in you lesser profit, or the saddest part, you're bound into losses.

Real talk isn't it...
Yeah, as trader learning won't stop but should be continued until we end our trading journey. And this is happening because the market had also in changed from time to time and that is why we should also adapt on that particular situation just not to get left behind.

To lose from trading can't be avoided no matter what we do but of course, we can minimize this if we are too careful in making decisions and if we have the knowledge on the market which has been our focus. Plus, it has all been in our mindset and we have to keep motivated despite the losses and market challenges we face.

To tighten the cryptocurrency, the first thing you need to keep in mind is that you need to be exposed to the cryptocurrency market. You need to see which comment is declining.  Also keep in mind that when the price of a coin goes up, you have to sell it. If you can trade like this, you will benefit. I think so.

I guess you're not alone. I believe a lot of traders have been here for a couple of years, but they are still learning on how to minimize their losses despite of the market's volatility. Just keep on making experiences, because that will help you to venture a lot and discover your own potentials in trading that will create an edge from the other market traders. There is no best strategies in trading, it is on the trader's positive mindset and attitude that will create a big difference.

There would be no fix kind of strategy since we know this market is volatile and could really have different scenarios and behaviors which simply means that as a trader then you would really need up to have some adjustments when it comes to your trading strategies or simply being versatile on whatever you've been doing and this should be the main thing you should put up into your mind.Dont think up about
guaranteed strategies that would give out guaranteed results because it is never been existing on this world.There would really be lots of trial and errors that you would experience.What matter most on here
is that you do able to sustain yourself on this very unpredictable and volatile market, despite of this condition but still you could able to bare it out.

As long as its working, then it will always be the right strategy but actually never the best. The crypto trading market is very dynamic so if you have developed good strategies for now, do not expect that it will be good for you for a lifetime since the market creates unpredictable changes, and strategies are made to be upgraded or improved most of the time. However, day trading has higher risks so its always an edge if you come to the market mentally and emotionally prepared. So here are some tips to improve day trading activities. Source: https://www.investopedia.com/articles/trading/06/daytradingretail.asp

Buying after breaking the resistance is my strategy and good with it.
https://de.tradingview.com/x/AxnMau0U No break, no buy.
But there are so many different strategy’s to be successful in so many timeframes. It’s really hast to say which is the best one. The best starter might be the one you fee comfortable with.