Topic: Good trading strategy for newcommer? - page 4. (Read 9915 times)

That's the basic way of handling your trading as you don't have any knowledge being a trader when you're a newcomer. Being smart isn't just making faster sells, but you need to have self control over your actions. Agressiveness was the most reasons why new traders lost their funds in crypto, so much time and skills is really needed in order to succeed in your trading career.

Since you said your a newcomer or a  ewbie I suggest that you read some tips before entering the market.
It wouldn't really help is we tell you some strategy if you couldn't read the chart or doesn't know what's happening around the crypto currency.

There are no such things as an initial good trading strategy. The person must first learn how to be passionate about what he is doing. Because giving him the right tools and mindset are not enough to make him successful. Risks management, technical analysis are the two things the newcomer must master. Trading is something that will make you avoid your bed because you know how much you will lose if you will leave your portfolio unattended.

If you are tired of searching for anything, analysis, global research and what happens within a day, you may try eToro! You won't even need to have the strategy. You just have to find a most trusted person and copy his trading moves.

I don't rate the combination of these words - newcomer + trading.

They do not belong together.

If you don't understand how things work, what news looks good on the surface but may be disastrous to those who know a little more, historical behaviour, future possibilities, then don't even think of trading and keep reading until it does start falling into place.

You should consider trading once you feel you have a firm handle on the entirety of the space, not make it the very first thing you plunge into.

Until then buying a little and often and fiddling with paper trading is a better idea.

First, you have to set a target goal and that shouldn't be aiming to get rich easily but to gain knowledge about trading first. It's alright to start with a small amount and just apply the basic strategy which is to buy low and to sell high. You could make your own strategy and if you're comfortable with it, you could increase your capital. Be smart upon choosing where to invest.

Following the strategies is one of the most important thing on it is the difficult thing also for everyone to keep it up for long time so my opinion is if you are following someone strategy will not work for you long time so making your own strategy will always helpful for you in all the situation in all the time.

You can trade as much money as you want and it does not depend on anything because you are the owner of the money.
But that will be good for you if you can set how much money you should use in trading, so you still have backup money for preparing if the worst situation is happening.
The percentage to take profit will vary since we use different money for trade, but it will be good if you can take more than 10%.
And if you can trade with good skills, then I think you can lower your profit percentage for about 3%-5%, but you are trading in more than 5 times so the percentage will bigger than only 10%-50%.
You can use the money you can afford, and if you are not ready to see a big lose in trading, then I think $100 is enough to try trading.

You are right here and this is exactly what I think you should do. Reading through, I tried to see if you are confused but you aren't, so to practice a little of what you have read will help you know if you have understanding and to see adjustments to make if you have to.

DCA is recommended for people who can't read markets, who will simply lose their coins by trading. Personally, I would never use DCA because it has no strategy for entry/exit or risk management generally. I believe timing entries is an incredibly important part of investment.

I'd probably hodl closer to 80-90% if I were you, especially if you're comfortable using leverage. The less coins you have exposed to third party risk (holding on exchanges), the better.


You need to establish a trading system. Identify setups such as candlestick formations or chart patterns where a specific trade will play out a majority of the time. I.e. a triangle breakout or a head-and-shoulders pattern.

From there, you need to establish optimal risk/reward setups. I generally aim for a 3:1 or better reward to risk ratio. That means my take-profit should be worth 3x or more what I would lose if my stop loss hits. By optimizing your risk/reward, you can afford many small losses and still be a winning trader. Remember that trading is a grind based on probability. Even great traders lose a solid 40% of their trades. So you need to account for that in your risk management.

I wouldn't determine take-profit in terms of percentages. You want to let your winners run as much as possible. I usually prefer to aim for higher take-profits while rolling up my stop losses into profit as the trade progresses.


A basic tutorial on risk management in trading: https://www.investopedia.com/articles/trading/09/risk-management.asp

Check out Babypips. I recommend completing the Elementary through High School courses: https://www.babypips.com/learn/forex

I would start out trading only a small fraction of your stash, maybe 10-20%. Each individual trade should probably only be worth a fraction of that. Use key S/R levels and moving averages for take-profit and stop-loss levels.

Good luck!

I usually, set 3 targets for each trade. 5% 10% 15%
Once I hit T1 and locked my 5% profit, I reinvest the profits until I hit T2 [10%].
I always prefer to put my profits into a position.

Dear crypto cummunity,

I'd like to ask you to point me in a somewhat right direction.

I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.

I believe I've come to a point where I would like to start practising some medium-term/swing trading. My hope is that some of you, experienced traders, have some references to some trading strategies. Should I do DCA and hodl 50% and trade the rest? At what percentages is it wise to take profits? 30/50/65%? I only trade the money that won't make me go bankrupt, but I'd love to become good at reward/loss management and start somewhere.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good carma back to the cummunity when I become good at this