Best strategy for crypto trading - page 8.

qwertyup23

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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.

When it comes to trading, experience is the key in order to have a successful run on your platforms. What I personally suggest is that you must first experience the market itself by trading personally. Use only small amounts of resources as your capital since what you are aiming for here is the experience and knowledge of reading the market. After having completed this step, you may proceed to do your own research and consider both internal and external factors that drive the price of cryptocurrencies.

Remember that trading is risky especially for beginners. Always aim for experience and avoid also being too greedy.

Reid

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A long time ago, I/we pair Bitcoin with an Altcoin and that's way difficult but when stable coins came it gets the job easier. The best strategy would always be the experience. It may have been repeatedly said here but that's the only one working for me. You can read different TA's but at the end of the day it's all up to you on when you will buy or sell.
Focus on one coin paired with a stable coin. It will be easier to tell your gains and losses. Now read the market of the coin back and see what you did right or wrong. That's all I do.

justdimin

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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.

The volatile nature of the Bitcoin market makes it the perfect place for day trading, because the price swing can get you a good amount of profit in the market. I think one strategy that would be good for you to make use of is the scalping strategy. But, before that you have to make sure that you have learnt the rules of scalping trading.

I believe that there are so many websites that you would find online that are teaching traders how to make use of the scalping strategy and would be good if you try to go through them and learn. This strategy best to be applied in 5 to 15 minutes, although I have also seen people who said that they do 1 minute.

JooBra

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Trading strategies change with time since the market changes. Crypto is not the same like last year. Or more like couple of years ago. Its constant learning and implementing new things in your trading.

ethereumhunter

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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.

I do not have best and most accurate strategy because I am not too expert in crypto trading, so I consider buying when the price is down and selling it when the price is up. I also try to watch the line on the market and draw something using indicators but mostly, I can not get accurate since the market can go lower or higher than my chart. To find out where the price will move, I am trying to change the timeframe from 5 minutes, 15 minutes, 30 minutes, and 1 day. Sometimes I am right but sometimes I am wrong so I still need to learn as many others. But as I want to make any profit from trading, I do not mind if the profit is not too big than the other.

Oneandpure

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Have several strategies for cryptocurrency trading from long term, short term, scalping, daily trading or become an investor with trading where take profit only after several years later. I think depend how much money do you have and how many way you have source income, long term trading usually as bigger investor they have many way with income source and not really worry with price after holding, he can manage other investing because have much money. For me keep use with daily trading because I want earn profit every day and trading is my only income right now.

Mpamaegbu

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Quote from: Husires on January 29, 2022, 12:50:47 PM

What is your local/native language? The forum has a number of users who speak most languages, so try to speak using local language instead of trying to write in English, especially when you want technical advice.

I think OP's English is good (fair) enough for anyone to fully understand what he said. I did, well.

OP, your use of breakout and trendlines are in order. They're leading indicators and with them you can prempt price action. Don't allow other indicators that lag to mess up your chart. However, you've to bear in mind that patience is a virtue when it comes to trading. Trading will test your patience and make you think your trading plan isn't working. Try to choose a higher timeframe like 4hrs and Daily to view and monitor your trades while you choose 1hr or 30mins timeframe for entry. With that you get to sieve out numerous market noise that can conflict with the long term direction of the pair.

Xinarae*

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There are many strategies out there for trading cryptos they all work differently, so you need to find the one that works best for your goals you need to study the market properly and learn the trading techniques well. Traders in the crypto market must also stick to the chart and follow the price movements closely be prepared to change your bias often to cut losses, trade and avoid bull and bear traps and rates follow the price movement of coins.

Wexnident

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Hey, it happens you know, you try something out, it doesn't work out, live with it and move on, especially in trading. There would be a LOT of times where your strategies wouldn't really work out, try checking out the problem. If it was your strategy, then maybe integrate what was wrong to make it work, but if it wasn't, then just stick to it, you might just generally be unlucky. Honestly, most advice would just revolve around buy low sell high imo, but other than that, well it's more on the specific take of the user (you) on the market. After all, no one really knows what the market would end up with a day or two after.

sheenshane

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Quote from: Shasha80 on January 30, 2022, 07:25:31 PM

Becoming a successful trader is not enough just to read how a good trading strategy is, but we need to practice it.

I tend to agree with the line that I quoted above.
You won't easily learn in just simple reading about trading strategies or techniques, it needs hands-on before you will learn and absorb those tips. As they said, experience is the best teacher so that we become successful traders, but it doesn't mean it has a guarantee of perfect traders because trading for me is a sort of risking your money or let's say gambling most especially if you don't have an idea on it.

I don't which is the best strategy in trading is safe and less risky. But I think the most I preferred IMO is investing and holding would be work without worrying my capital.

Shasha80

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Quote from: Yamifoud on January 30, 2022, 06:09:55 PM

Quote from: naira on January 30, 2022, 11:29:49 AM

Quote from: $crypto$ on January 29, 2022, 01:46:42 PM

This leads to daily trading I rarely do this because I'm busy and can't monitor market developments every day so of course I use common basic techniques with others but to do this strategy I certainly choose TradingView analysis to try trend lines and break outs but there are Many of the other techniques depend on the particular coin and can be seen from trends or pumps.

But if I didn't have the best strategy guide in the article on the trading board, I forgot to save it even though it's quite complete in the guide.

I hope it's Quick Trading Pattern Guide for Newbie traders you mean but that's what has been helping me for over a year since this thread was created by noormcs5. Honestly, this guide for a beginner will be very easy and very helpful in understanding some basic introductions. Especially as a day trader. Since the OP is not a beginner I'm quite hesitant to provide this guide.

I believe that thread is still very important even if you are not a newbie anymore. As learning can't just happen when you are about to start trading, it can happen all the time as long as you are in trading. But of course, it doesn't make sense if we just only read, it needs applications and so live trading is going to happen just to know if that is working or not.
It has also to know that there is no such perfect strategy to follow as it all depends on us individually as sometimes some strategy never works for all of us.

Becoming a successful trader is not enough just to read how a good trading strategy is, but we need to practice it. In order to know whether
the strategy is working well or not, because sometimes everyone has a different strategy. We can also modify the trading strategies that we learn
from other people, so that they are more in line with what we want. The conclusion is that becoming a successful trader cannot be achieved instantly,
we have to go through a long process first. Therefore, after we study the guide on trading and learn trading strategies from various sources,
there is nothing wrong with us trying to trade, but make sure to start trading with small capital. Because usually when we start trading,
we often experience losses first, and that's a normal thing experienced by many newbies. We can learn from every loss we experience, to correct
every mistake we make. So crypto trading is not easy, but if we manage to find a strategy that suits us, crypto trading can be a good source of income.

Yamifoud

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Quote from: naira on January 30, 2022, 11:29:49 AM

Quote from: $crypto$ on January 29, 2022, 01:46:42 PM

This leads to daily trading I rarely do this because I'm busy and can't monitor market developments every day so of course I use common basic techniques with others but to do this strategy I certainly choose TradingView analysis to try trend lines and break outs but there are Many of the other techniques depend on the particular coin and can be seen from trends or pumps.

But if I didn't have the best strategy guide in the article on the trading board, I forgot to save it even though it's quite complete in the guide.

I hope it's Quick Trading Pattern Guide for Newbie traders you mean but that's what has been helping me for over a year since this thread was created by noormcs5. Honestly, this guide for a beginner will be very easy and very helpful in understanding some basic introductions. Especially as a day trader. Since the OP is not a beginner I'm quite hesitant to provide this guide.

I believe that thread is still very important even if you are not a newbie anymore. As learning can't just happen when you are about to start trading, it can happen all the time as long as you are in trading. But of course, it doesn't make sense if we just only read, it needs applications and so live trading is going to happen just to know if that is working or not.
It has also to know that there is no such perfect strategy to follow as it all depends on us individually as sometimes some strategy never works for all of us.

Husires

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The strategy varies depending on the plan you put in place, the return on investment, the money you have and the period you want to invest in.

If you want to invest in the long term, investing in bitcoin is the best, followed by ETH, and I do not advise you to invest more.
Investing for a week to 3 month depends on risk, as many altcoins give higher profits than Bitcoin, but it is for a limited period.
Daily investing is the most risky and requires knowledge of trading, technical knowledge, and how to protect your currencies.

The easiest strategy is, whenever the price is low, buy more and don't think about selling +10 years.

palle11

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Quote from: CryptopreneurBrainboss on January 29, 2022, 08:01:05 PM

Quote from: palle11 on January 29, 2022, 02:14:18 PM

The best way to trade is to follow the the ways others are doing. Following the trend that is and to follow the trend you can follow the group or community of the coin you are trading on. Sometimes the group decide to pump the coins and you see everyone going for buy and other times the are dumping. You can also by yourself monitoring the movement of bitcoin because that also drives altcoins market.

I disagree, you're likely to end up losing more than you will profit. Nothing good comes out of pumps and dumps. It has been observed that only the organizers and probably close peers profit from this scammy activities. You as a noobs probably will just be buying the top and later get dumped on. Avoid hype entirely as this same scenario occurs too. Take a good look at the coins that were hyped last year, they all are at a low price currently and most likely won't increase in value again or to the price they were few months back.
.

I didn't just say pump and dump group , among other things said I was referring to following the trend. As for now that the trend is still on bear or during bear the best is to sell and when it is looking bullish, then it is to buy. Of course there are pump and dump groups that will only do a disclosure to few people in the group. We need to be careful anyway.

Quote from: CryptopreneurBrainboss on January 29, 2022, 08:01:05 PM

Best trading strategy has to do with you developing a system that works for you, I can't give you mine because it might not be productive for you either due to your financial status or lacking the skills to execute it. While you can learn from others strategy don't go try to be them, not everyone should be day trading etc

Every trader should have a different trading pattern. That trading pattern is hard to readjust. Perhaps if you give me your pattern it may be difficult to readjust on but throw it anyway Grin

teosanru

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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 depends on the state of the market, in the bullish market for example the type of market there was in last April, the best trick was to trade breakouts. Every day you could see at that time that a new coin would breakout and could give you around 30-40% return in just a single day very easily. When the bull market was over breakouts were no longer giving great success rates because BTC would dump and alts just tend to follow it, therefore best was to buy at trend lines or supports to ensure you make some money during good corrections. Rest I think the double bottoms patterns is the most prominent pattern I see succeeding in the market.

RealMalatesta

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Quote from: Smitty Werben Man Jensen on January 30, 2022, 05:33:46 AM

Quote from: rijaljun on January 30, 2022, 04:09:10 AM

I don't think there's a precise or accurate strategy but I believe in consistent wins from a trader. A professional trader does not stick with one strategy and uses a lot of strategy to make profit and the accuracy is not based on the strategy he use but the wins he has in the trades so there's no best strategy and no accurate strategy.

I agree that a trader should not stick to just one strategy because it will be very risky for sure,
a trader needs to see the conditions first before determining the strategy,
But what is clear is that every trader has his own way

It is like when we say diversify your portfolio so that when one does not play well, we can expect something better on the other. The risks can also depend not only on the strategy that you are using but also to the capital that you put in or to the frequency of your trades. We can share the strategy that works for us to the op but he must understand that it might not automatically work on him. It is still best if we are the ones that will figure out if what strategy fits us the most.

@OP that was totally normal because you are still learning but I suggest do not use real funds first when your practicing. We have platforms that offers demo trading.

Heartilly

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For me, the best investment strategy is to first study the tokens or coins you want to invest in. Many new cryptocurrencies are now being released and many of them have the potential and are really enticing to invest. So you must be wise in choosing and also know the possible risks in investing and above all be patient because we know that it takes time for our investment to grow.

There is a good chance that the investment in cryptocurrencies will grow significantly, so be wise and critical in choosing. We know that the movement of cryptocurrencies in the market is not stable, sometimes the value goes down, and sometimes it suddenly pumps. Let's just enjoy investing so that we don't get pressured and stressed. Good luck to all investors and token holders, all your hard work will also bear fruit one day.

doomloop

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Quote from: GreatArkansas on January 29, 2022, 08:00:22 PM

This is very difficult to answer as every trader got different tastes or ways how to do their trades.
But for me. Using multiple time frames, trading on breakout rather than catching the dips/pumps (catching falling knives).
Using multiple timeframes to confirm the price action, not only in 1 time frame, using higher time frame is also best idea to identify the market structure.

There are also tools that are going to be helpful for anyone who wants to be a trader or trading already. If you can find food tools and apply them to your trading then it will help you a lot. And another thing is for the traders to choose the strategy that they believe would work for them.

And before you start making use of a strategy you should make sure that you have taken your time to learn how this strategy works. And making use of stop loss wouldn’t be bad, because as a day trader anything can happen, so it would be good that the stop loss is active to save the day in case things should go wrong.

naira

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Quote from: $crypto$ on January 29, 2022, 01:46:42 PM

This leads to daily trading I rarely do this because I'm busy and can't monitor market developments every day so of course I use common basic techniques with others but to do this strategy I certainly choose TradingView analysis to try trend lines and break outs but there are Many of the other techniques depend on the particular coin and can be seen from trends or pumps.

But if I didn't have the best strategy guide in the article on the trading board, I forgot to save it even though it's quite complete in the guide.

I hope it's Quick Trading Pattern Guide for Newbie traders you mean but that's what has been helping me for over a year since this thread was created by noormcs5. Honestly, this guide for a beginner will be very easy and very helpful in understanding some basic introductions. Especially as a day trader. Since the OP is not a beginner I'm quite hesitant to provide this guide.

sarmrakib

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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.

This is really good to earn trading always .We all know that trading is the best way of earning but you have need to much knowledge behind it .We can earn a lot from here ,as you said you are following the common rule and i hope you are getting profit gradually .I always try to analyse the recent market chart and trend and also follow the upcoming news and put my investment set a target and exit after getting my profit .Day trading is high risky tricks to earn daily but if you are professional than you can do it but i think you have need huge amount of fund to continue .So better to do your ordinary trade to minimize your loss .Hope you can do better in next.

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