Author

Topic: General trading technique? (Read 1393 times)

legendary
Activity: 1372
Merit: 1000
October 24, 2013, 02:09:33 AM
#10
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Make money on panic sellers. Also try to divide your assets instead of just throwing them in all at once, never rush it, buy or sell slowly and observe what happens.
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I would do what EvilPanda suggests. Don't buy into a rally, save it for a crash. It really does not matter what the price is when you buy, only the appreciation in value when you spend.
I'll start out with this strategy and see if I can figure out something even better.  How do you know when to sell?  Or it is buy, buy, buy, and hold instead of buy and hold? Smiley

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I'd suggest you to try automated trading feature at Cryptotrader.
For example, below are results of backtested MACD algorithm with initial deposit set to 5000 USD for the period from Mar 31 to Oct 22:

Buy and Hold https://cryptotrader.org/backtests/8Pi5GwvBHq97KQNvb
53.436 BTC (11107.38 USD)

MACD algorithm https://cryptotrader.org/backtests/yZuiFtQ5EivS4jA9A
120.826 BTC (25115.53 USD)
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Interesting stuff, anybody lost BTC using the MACD trade?
Interesting indeed.  This certainly falls into my low-maintenance category.  Is it really this easy?
sr. member
Activity: 448
Merit: 250
October 23, 2013, 05:59:59 PM
#9
I've been buying BTC and altcoins to hold.  Is there a low-maintenance approach to trading for a profit instead of just buying and holding?

IMO fast stoch works fairly well on Bitcoin as a trend-reversal indicator. For example, if we are bubbling, and suddenly the stoch breaks downward significantly (say below 75) then its probably time to duck out.

In ranging markets, try a rebalancing strategy on a Chinese exchange. That might sound really trolls, but its actually worked fairly well for me.
sr. member
Activity: 392
Merit: 250
October 23, 2013, 10:40:30 AM
#8
I'd suggest you to try automated trading feature at Cryptotrader.
For example, below are results of backtested MACD algorithm with initial deposit set to 5000 USD for the period from Mar 31 to Oct 22:

Buy and Hold https://cryptotrader.org/backtests/8Pi5GwvBHq97KQNvb
53.436 BTC (11107.38 USD)

MACD algorithm https://cryptotrader.org/backtests/yZuiFtQ5EivS4jA9A
120.826 BTC (25115.53 USD)





Interesting stuff, anybody lost BTC using the MACD trade?
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
October 23, 2013, 09:12:13 AM
#7
Things like arbitrage and day trading are not low maintenance, but can be profitable. I would do what EvilPanda suggests. Don't buy into a rally, save it for a crash. It really does not matter what the price is when you buy, only the appreciation in value when you spend.   
full member
Activity: 220
Merit: 100
October 23, 2013, 09:05:25 AM
#6
Quote
I'd suggest you to try automated trading feature at Cryptotrader.
Wow that's amazing.  So cryptotrader isn't an exchange but they are an interface to automated trading on the exchanges?  Has anyone else tried this?  Are there other interfaces like this?

Your assumption is almost correct, though Cryptotrader it is not just an interface to automated trading (actually, i'm not aware of exchanges that offer automated trading feature), it is also a cloud trading platform that allows to run trading algorithms in VPS cloud unattended. Technically, everyone who subscribed to our paid service, gets his own VPS in few seconds after registration as it is done automatically.  
legendary
Activity: 1372
Merit: 1000
October 23, 2013, 02:46:20 AM
#5
Quote
I'd suggest you to try automated trading feature at Cryptotrader.
Wow that's amazing.  So cryptotrader isn't an exchange but they are an interface to automated trading on the exchanges?  Has anyone else tried this?  Are there other interfaces like this?
full member
Activity: 220
Merit: 100
October 23, 2013, 02:00:42 AM
#4
I'd suggest you to try automated trading feature at Cryptotrader.
For example, below are results of backtested MACD algorithm with initial deposit set to 5000 USD for the period from Mar 31 to Oct 22:

Buy and Hold https://cryptotrader.org/backtests/8Pi5GwvBHq97KQNvb
53.436 BTC (11107.38 USD)

MACD algorithm https://cryptotrader.org/backtests/yZuiFtQ5EivS4jA9A
120.826 BTC (25115.53 USD)



legendary
Activity: 1372
Merit: 1000
October 23, 2013, 01:34:58 AM
#3
That's just the kind of advice I'm looking for.  Thank you.
hero member
Activity: 658
Merit: 500
Small Red and Bad
October 22, 2013, 05:13:01 PM
#2
Make money on panic sellers. Also try to divide your assets instead of just throwing them in all at once, never rush it, buy or sell slowly and observe what happens.
legendary
Activity: 1372
Merit: 1000
October 22, 2013, 02:12:37 PM
#1
I've been buying BTC and altcoins to hold.  Is there a low-maintenance approach to trading for a profit instead of just buying and holding?
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