The only strategy is buy low and sell high. No other else, all people aiming for that. After you buy and price goes down, it's the risk in trading. You can always set up your own stop loss or if you are greedy enough you will set on high crazy price.
If you are to scared to lose in trading, don't trade.
(the bold emphasize is mine)
Not really, it depends on the trading strategy. Also a perfectly valid strategy(which I also use) is to:
buy high sell higher or sell low and buy lower. It's called trend following or momentum strategy.
I know, it is very hard for those who are beginners to buy something which is making a new high, but it is a valid approach because you are actually
buying strength/quality. In order to trade this way, you need to have a
proper risk management such that in the case the price will do a correction immediately after you entered long/short, then you will be able to handle the correction in terms of negative unrealized loss.
Bottom line:
buy high, sell higher or sell low and buy lower is also a valid approach.The
buy high, sell higher strategy of your is risky since what if you buy it high but that high is the peak price then you will surely lose. And well commonly, it's like
buy low, sell high since you buy it when you believe that the price would go higher compared to the time you purchase it. But anyway, I like how you interpret
buy low, sell high.
And the strategy I quoted below is also a good one to secure your profits and stay on the safe side.
The common method actually in trading is buy low and sell high.. but i can give you some ways to start but you should start first in small amount just to learn what actually my method works..
Just invest in altcoin choose a top 20 altcoin just hold 3 or more depends if you can manage lots of altcoin, use coinmarketcap
https://coinmarketcap.com/ to find the top 20 rankings .
Make 3 tier every 1 altcoin as sample. 10%, 15% and 25%. margin before you sell your bitcoin or altcoin..
Sample i have 1 bitcoin with the price of $2500 the tier 1 is 10% margin if the price was increase 10% or $2750 sell partial your bitcoin and the other partial sell them in 15% margin or $2875 so you are gaining more profit and if the price will increase more than 25% or $3125 sell the rest of your bitcoin..
Just do it every coin.. if the price is not increase instead the price is down just buy more coin. and start for small amount of the price to try my own method and set up margin..
just feel free to check here
don't trade for a year!
this strategy is really useful, if you trust Bitcoin, please never trade and just buy buy buy, keep and hold them, look for a right opportunity to dump! (such as now)
Yeah a lot of people already made big money from holding for years quite like with btc userd from then. And though now may be a good opportunity to dump, i'd still choose to hold. Who knows what may happen in the next few years, the forecasts are promising for the future of btc.
But isn't trading a way to earn more bitcoins? Then if the price of Bitcoin would surge up in terms of BTC/USD exchange then you have a lot of Bitcoin which also you have more USD or any fiat. It doesn't mean that if you trade you will lose the opportunity in Bitcoin's price surge.
