Best strategy for crypto trading - page 5.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: Theones on February 07, 2022, 11:13:32 AM

Warren buffet said, " buy when everyone fears to buy and sell when everyone greedy to buy ". Few days back when btc dropped below 35k, major discussions about btc was that now its all over, bears have taken over etc. It was the right time to buy and those who bought btc at that time are now enjoying profits.

If it was as simple as he said it was, then everyone would have been as rich as him. Leaving aside that he got 100k to start from his family and friends 70+ years ago, which is probably tens of millions of dollars I am assuming adjusted for inflation, then first stop is to have money to do all of these.

Secondly, he is one of the best investors in the world and he enjoys checking the numbers, not many people could check the accounts of a company and understand what they are looking at. He was capable of doing that, he checked every single one, and with his early money he got into insurance which is basically "get money from people, use that to invest, make profit, try to never pay people their insurance claims" and that's how he got rich.

Could we do the same? Yes but not at that scale, you may not be a billionaire but if I was given the same chances in life (senator father, early financial education, millions of dollars from family and friends) then I would do fine as well.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Quote from: ?? on ??

So far, and ever since then, I've only used the very general way. only buy coins that I think are popular coins, and have a discounted price, such as BNB, ETH, and others. For example, during the dump that occurred a few weeks ago, BNB and ETH prices were in the range below $400, and below $3000. Well, it was a very good opportunity for me to add to my assets, and now, the price is back in the $400, and $3k range. after all, it's a very basic strategy and technique. however, everyone has their own way of trading, but I've been using it for a long time and it's always worth it.

That strategy is common when buying at low prices but what you choose is good enough because ETH and BNB definitely have the potential to go up again than other coins, and now prices have gone up yesterday I bought BNB below $390 and now $435 this is a huge profit quite good even though this is a simple strategy that many do but I still look at the potential for the coin to definitely go back up to its former price.
But this increase is quite fast once I have a gain of over 50% in the current increase and I am still partially on hold of the coin.

jostorres

hero member

Activity: 2464

Merit: 585

Quote from: Theones on February 07, 2022, 11:13:32 AM

Quote from: Alert31 on February 07, 2022, 10:51:10 AM

Chasing to buy while the price increased usually give you a huge losses. It happened to my trading many times because after you chase, the price suddenly dropped. That's why trade carefully and always control your emotions. There is no perfect strategy just always apply the buy low, sell high and study the price and graph movement everytime you place your order. Also choose the best coin to trade.

Warren buffet said, " buy when everyone fears to buy and sell when everyone greedy to buy ". Few days back when btc dropped below 35k, major discussions about btc was that now its all over, bears have taken over etc. It was the right time to buy and those who bought btc at that time are now enjoying profits.

Below 35k and btc is done? The price under 35k was actually still high and if we travel on the past, people are now happy with the 18-19k btc price range. People's standards have change a lot.

What warren said can also apply in reverse because there are also people that likes to buy when the btc price is rising and one example of that is the guy that you quote above but not anymore because he already learned his lesson and doing that is not really good for him but I believe that there are people that are somehow successful with that strategy. There are also people that likes to sell when the market is dumping. This is effective sometimes to cut loss.

Theones

full member

Activity: 1204

Merit: 110

Quote from: Alert31 on February 07, 2022, 10:51:10 AM

Chasing to buy while the price increased usually give you a huge losses. It happened to my trading many times because after you chase, the price suddenly dropped. That's why trade carefully and always control your emotions. There is no perfect strategy just always apply the buy low, sell high and study the price and graph movement everytime you place your order. Also choose the best coin to trade.

Warren buffet said, " buy when everyone fears to buy and sell when everyone greedy to buy ". Few days back when btc dropped below 35k, major discussions about btc was that now its all over, bears have taken over etc. It was the right time to buy and those who bought btc at that time are now enjoying profits.

Alert31

member

Activity: 1041

Merit: 25

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: michellee on January 29, 2022, 01:25:28 PM

I guess that depends on the coins because I only use a basic strategy to buy low and sell high. If the price is increased, I will not try to chase it instead calm down and wait for the next correction because sometimes, the correction can be deep than the last low price. It will not be easy to use daily trade in this situation because the market is difficult to predict. When the line is not increasing or decreasing much, you need to be careful because sometimes, the price will drop directly.

I think you can use the basic strategy like what I did but you need to pick the right coins for daily trading. Maybe you can use the strategy for bitcoin trading and not altcoin trading but you can try it.

Chasing to buy while the price increased usually give you a huge losses. It happened to my trading many times because after you chase, the price suddenly dropped. That's why trade carefully and always control your emotions. There is no perfect strategy just always apply the buy low, sell high and study the price and graph movement everytime you place your order. Also choose the best coin to trade.

bhadz

hero member

Activity: 2408

Merit: 564

Quote from: ?? on ??

When trading the crypto market, cause I have many strategy I do use depending on the nature of the market and what I'm looking at from the market. I do use simple moving averages and Relative strength Index to analyze the direction of the market first to know where the market is likely to go.

MA and RSI is what I usually in social medias the strategy that they use.

Quote from: ?? on ??

I do add my technical analysis with the fundamental to know what speculators thinks about the market and the current news. This is important because it help me to get an hint about the current state of the market. I do use trendlines and other technical tools to read the market.

News as an indicator really helps. You'll get to see what's up and down with the news and for the specific coin that's part of the news. It's very needed and helpful factor when you're doing TA. Well, some just rely on the news alone and still they get some help through if it's time to buy or sell.

freedomgo

legendary

Activity: 3080

Merit: 1144

Quote from: el kaka22 on February 06, 2022, 01:45:23 PM

Quote from: Peanutswar on February 05, 2022, 09:57:48 AM

There's no really best strategy it's all about the strategy of a trader, I've been in the trading world since 2020 and im not quite pro because until now I'm continuously learning more. One of the strategies I'm using is the MACD I created a thread related to it [GUIDE]Moving Average Convergence Divergence (MACD) still this is the one I'm using and next is the technical analysis like charting. Currently, I'm using is the Twin rage filter algo its not an accurate trading tool but gives you an idea of when to buy and sell.

At the end of the day, most of the strategies end up being a bit "wrong" because most of them fail to predict unexpected things. If the market goes as it "should" then there are quite a few strategies that could work very well but when we are talking about something that is dangerously unexpected and sudden then all of them fail. This does happen in stock market as well when crashes happen but in crypto it is much more frequent.

How many times have we seen prices go down without any indication of it? How many times it did it when it was going up? It did it countless times, maybe like once every month averages and that is why it is hard to follow a strategy and assume it is the best one.

There's no really such best strategies especially if you are in long term trading as the crypto market is dynamic and changes will certainly happen from time to time. There can be good strategies but you cannot expect that it will always be profitable as trading strategies need to be improved and upgraded. However, i have provided a link which will make your day trading more profitable by following all these essential factors. https://www.investopedia.com/articles/trading/06/daytradingretail.asp

el kaka22

legendary

Activity: 3500

Merit: 1162

www.Crypto.Games: Multiple coins, multiple games

Quote from: Peanutswar on February 05, 2022, 09:57:48 AM

There's no really best strategy it's all about the strategy of a trader, I've been in the trading world since 2020 and im not quite pro because until now I'm continuously learning more. One of the strategies I'm using is the MACD I created a thread related to it [GUIDE]Moving Average Convergence Divergence (MACD) still this is the one I'm using and next is the technical analysis like charting. Currently, I'm using is the Twin rage filter algo its not an accurate trading tool but gives you an idea of when to buy and sell.

At the end of the day, most of the strategies end up being a bit "wrong" because most of them fail to predict unexpected things. If the market goes as it "should" then there are quite a few strategies that could work very well but when we are talking about something that is dangerously unexpected and sudden then all of them fail. This does happen in stock market as well when crashes happen but in crypto it is much more frequent.

How many times have we seen prices go down without any indication of it? How many times it did it when it was going up? It did it countless times, maybe like once every month averages and that is why it is hard to follow a strategy and assume it is the best one.

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: stepwilli on February 05, 2022, 03:11:44 PM

Quote from: Ararbermas on January 29, 2022, 10:17:52 AM

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

It’s not like there is any strategy that you will be given and you will automatically become better than you are right now. How about you improving on the strategies that you already have an experience on using? How did you get to know the particular strategies that you are making use of right now, who taught you these strategies, and how well is it working out for them?

If it is someone who you know and you can communicate with them, then it’s best to know from them how the strategy is working for them and if they are pulling in a lot more profit by using this same strategy, then you can ask them to teach you to get better or do your research to improve on it. Switching to a new strategy while you have not even mastered the one you have yet, is like starting a journey and cutting it short to start another, when you’re almost there.

and he's asking for accurate strategy here. there is no concrete answer to his question as every coin has their pros and cons, and you need to find your way how you can optimise your profits. aside from learning the basic TAs, it is better to learn more about the coin development itself. because that's where you will get idea where the coin is heading. the trend or movement will only make sense if you have idea on why it is showing such behaviour. you should not only rely on your TA skills but learn how to extract some details via keeping tab on their social media channels.

stepwilli

sr. member

Activity: 1042

Merit: 273

Quote from: Ararbermas on January 29, 2022, 10:17:52 AM

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

It’s not like there is any strategy that you will be given and you will automatically become better than you are right now. How about you improving on the strategies that you already have an experience on using? How did you get to know the particular strategies that you are making use of right now, who taught you these strategies, and how well is it working out for them?

If it is someone who you know and you can communicate with them, then it’s best to know from them how the strategy is working for them and if they are pulling in a lot more profit by using this same strategy, then you can ask them to teach you to get better or do your research to improve on it. Switching to a new strategy while you have not even mastered the one you have yet, is like starting a journey and cutting it short to start another, when you’re almost there.

topbitcoin

hero member

Activity: 1582

Merit: 689

Leading Crypto Sports Betting & Casino Platform

Quote from: Ararbermas on January 29, 2022, 10:17:52 AM

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

For picking coins to be honest i still ask my friend or wait someone in group to share signal. I know it is bad because we must know by ourself. But usually when situation is not very good, we should know because any condition of traders is different. If me usually because i don't have much capital, i already satisfied although only use smaller capital per order because with that i have my back up money if something bad happen.

Peanutswar

hero member

Activity: 1498

Merit: 974

Bitcoin Casino Est. 2013

There's no really best strategy it's all about the strategy of a trader, I've been in the trading world since 2020 and im not quite pro because until now I'm continuously learning more. One of the strategies I'm using is the MACD I created a thread related to it [GUIDE]Moving Average Convergence Divergence (MACD) still this is the one I'm using and next is the technical analysis like charting. Currently, I'm using is the Twin rage filter algo its not an accurate trading tool but gives you an idea of when to buy and sell.

Marykeller

hero member

Activity: 1064

Merit: 501

The type of altcoin you trade on will determine the trading profit you make at the end of the day. You don't expect to trade in coins that don't have many trades volumes and expect to see boosts in your trading. Trading is about you gaining some and losing some. It's not a win-win all the time. That's why investors would prefer to invest in an altcoin that has future profits than trading altcoin on short interval

toast

sr. member

Activity: 1582

Merit: 253

Quote from: Kopetunto on February 04, 2022, 06:42:05 PM

Quote from: Ararbermas on January 29, 2022, 10:17:52 AM

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

one of my favorite strategies is to use the RSI indicator and trend line only,
I trade futures on Binance, and can earn at least $ 5 per day, yes even though it looks a little,
if you can do it without losing, then $ 5 will continue to grow, try using this strategy that

We have different kind of strategies and it is nice to hear that simple strategies works and don't be ashamed about it as long as you are earning from it and constantly winning I think that you should proud of it, you can't just earn $5 by sitting and doing anything right at least you know how to get it easily.

Kopetunto

member

Activity: 630

Merit: 10

Quote from: Ararbermas on January 29, 2022, 10:17:52 AM

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

one of my favorite strategies is to use the RSI indicator and trend line only,
I trade futures on Binance, and can earn at least $ 5 per day, yes even though it looks a little,
if you can do it without losing, then $ 5 will continue to grow, try using this strategy that

crzy

full member

Activity: 2128

Merit: 180

Quote from: kentrolla on February 04, 2022, 05:00:43 PM

Strategy may differ for individuals and it depends on how much you want to trade , there is no fixed strategy and I have the following 3 strategy for trading:

1. BOT trading : I will set up almost 20 grids with a buy/sell difference of maximum 5% on buy and sell strategy as well.

2. Candle reading: I follow the candle and do market trading to take small profits as low as $5 with a minimum of $1000 investment. This is bit tiring job but it works most of the time and this requires immense candle reading knowledge

3. Long term: I reserve some funds to only invest when the market dumps hard like it did previously and then i invest and wait for profit of atleast 40% and place sell order accordingly

What’s work for you may not work to other traders so its always a good idea to have your own trading strategy that will work on your own timeline. I’m also having a long term goal in trading, reading the chart using the price trend but I’m not using any trading bot since I trade on a longer frame and bot might not be ok with that. Use bot if you’re a busy trader and wants to trade daily.

kentrolla

hero member

Activity: 1540

Merit: 564

Eloncoin.org - Mars, here we come!

Strategy may differ for individuals and it depends on how much you want to trade , there is no fixed strategy and I have the following 3 strategy for trading:

1. BOT trading : I will set up almost 20 grids with a buy/sell difference of maximum 5% on buy and sell strategy as well.

2. Candle reading: I follow the candle and do market trading to take small profits as low as $5 with a minimum of $1000 investment. This is bit tiring job but it works most of the time and this requires immense candle reading knowledge

3. Long term: I reserve some funds to only invest when the market dumps hard like it did previously and then i invest and wait for profit of atleast 40% and place sell order accordingly

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: Cling18 on February 03, 2022, 10:49:50 AM

I'm continuously trying to learn technical analysis so I would know when to apply the basic strategy which is to buy low and to sell high. It might sound old yet it's still effective especially if you're trading a good coin. Knowing when to buy, hold and sell would be a big help so having enough knowledge about trading is still an edge.

Yes.

That's the strategy that everybody knows but when the market shows a low price, there are many of us who don't know if it's the lowest price that we should start buying or wait for some more.

And as for the selling, the signal to it is if you're satisfied with the price that seems to be high then that is the good measure to you and if you're already in profit.

stomachgrowls

hero member

Activity: 2856

Merit: 769

Quote from: Cling18 on February 03, 2022, 10:49:50 AM

I'm continuously trying to learn technical analysis so I would know when to apply the basic strategy which is to buy low and to sell high. It might sound old yet it's still effective especially if you're trading a good coin. Knowing when to buy, hold and sell would be a big help so having enough knowledge about trading is still an edge.

Stick with the basics and you should put up always on your mind on whats that principle even though execution wouldnt be easy or simply hard but its not impossible for you to do so thats why you

should set up some goals and targets whatever you would be doing.Set up stop losses and trying out to protect your overall capital via having that good risk management.

Strategy would really vary on certain conditions because you wouldnt make use of the same strategy because market conditions do really changes.

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: Ararbermas on January 29, 2022, 10:17:52 AM

Hello guys what's your best and accurate strategy when it comes trading crypto? because to be honest i've been learning and at the same time trying to trade live using common strategies such break out, trend line and some pattern that i know but seems not giving me a good win rate. Any suggestion or tips and what's your best strategy especially those who used to day trade? I'll appreciate your input guys.

To begin with your win rate is not important at all, what matters is if you are making money at all with your strategy, after all I have seen strategies with a 99% win rate which lose money while I have seen as well strategies with a 33% win rate that make money, so forget about that.

The best strategy is not the one that makes you the most money but the one that you can actually execute, after all I have seen many times newbies that have the right idea of how to trade the markets but since they employ a strategy that is too aggressive, when the time comes they do not follow it and lose money because of it.

Topic: Best strategy for crypto trading - page 5. (Read 1221 times)