Topic: How do you pick your trades? - page 2. (Read 648 times)
Personally I am not a TA expert but my little knowledge about them helps to make certain trade decisions, I use a combination of Relative Strength index, Bollinger band, Moving average and convergence and Divergence to trade, of course not lescin the basic candle stick, sometimes instinct does help. The fact is that not all coins obey the TA so I ensure I enter at a very low support level while having a stop loss as control
I personally pick my trade through depth charts and sometimes it has worked but since the market is most times unpredicted and manipulated.
In trading, this is most likely I'm doing to do. Picking my trade through the depth chart and wait sometimes when the market raised again.I did not pick those coins that not in the top the market cap, I don't waste my time that shit coins that I know from the pump and dump people. Trading signal, paid signal or whatever it is I don't believe that because most likely they are delayed in broadcasting their signal that may lose your fund in trading.
How do you select what you invest your precious satoshi's in?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
The simplest method is riding the trend
Yes, that's why the best "strategy" is to buy the dip because Bitcoin's long term trend is up.
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I can't think of anything simpler that wouldn't be pure luck.
No, pure luck is putting some Bitcoins in a slot machine and pulling the lever. But I agree that there might be some luck needed.
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Bitcoin as well as other cryptocurrencies has been in a downtrend since the beginning of the year, and if you followed the trend (not forgetting to put stop-losses along the way), you would have earned handsome profits. And it doesn't really matter where the trend goes. If it goes south, you sell coins (probably on margin), if it goes north, you buy them. In between you can go for day trading by exploiting daily or weekly volatility (within your stop-losses range)
Another strategy is to zoom out then buy and hodl.
In my opinion is better to built trading plan by self , by this way we will know what the mistake and we can learn more from that mistake. To be expert trader is should be learn from the previous mistake, and no need to follow signal others trader. Risk management is the most important thing in crypto trading, because without that we can loss big money. With high fluctuacion of crypto make possible to loss money up to 90%. When buy is always wait patient to get bottom price and use stop loss in every trade.
Personally, I don't follow any signals or any crypto expert's trading or buying signal. Because experts have a lot of money, if his prediction goes wrong then he will be okay, but i will be finished! That's why I always follow myself and I am happy with it. Everyone should make own trading style. By following someone you can't grow well.
You don't have to understand every single technical detail of each currency. However, you should read a lot about a currency that you want to invest in and make a very informed decision. Since there are still a lot of unknowns when it comes to the use cases of cryptocurrencies, it is very important to really understand every cryptocurrency you invest in. What problems does the cryptocurrency solve? Is this something that has real-world value? Also consider the development team and who is running the show. Do they have a long-term vision for the currency? By asking these simple questions, you will start to uncover which currencies may be valuable in the future and which ones will crash and burn. If a currency is available on big exchanges that many people have access to, then it has much more potential to increase in value. The easier a currency is to buy, the more likely it will benefit from hype or favorable news.
How do you select what you invest your precious satoshi's in?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
The simplest method is riding the trend
I can't think of anything simpler that wouldn't be pure luck. Bitcoin as well as other cryptocurrencies has been in a downtrend since the beginning of the year, and if you followed the trend (not forgetting to put stop-losses along the way), you would have earned handsome profits. And it doesn't really matter where the trend goes. If it goes south, you sell coins (probably on margin), if it goes north, you buy them. In between you can go for day trading by exploiting daily or weekly volatility (within your stop-losses range)
There is definitely a lot of positives to be said about riding trends. That can definitely work. Thanks for your input.
How do you select what you invest your precious satoshi's in?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
The simplest method is riding the trend
I can't think of anything simpler that wouldn't be pure luck. Bitcoin as well as other cryptocurrencies has been in a downtrend since the beginning of the year, and if you followed the trend (not forgetting to put stop-losses along the way), you would have earned handsome profits. And it doesn't really matter where the trend goes. If it goes south, you sell coins (probably on margin), if it goes north, you buy them. In between you can go for day trading by exploiting daily or weekly volatility (within your stop-losses range)
You only pick your trades with appropriate technical analysis and fundamental analysis together
You would be a profitable trader for trading if only you understand the technics.
You would be a profitable trader for trading if only you understand the technics.
Everything you say is part of the way I trade, but I always carry out advanced research to ascertain whether the coins I choose can have good potential for the future or not.
I prefer to trade with the long-term, if we use trading with the short-term we will definitely lose a lot, using long-term investments in 3 months will definitely get a lot of profit
Considering the SMA 20 is the best approach to choose a deal. The MFI indicator should be used to verify all new peaks and troughs.
I subscribe to annual signals and they give successful results by 80-90%, they are given by experienced traders and analysts, I use 10% of my capital
How do you select what you invest your precious satoshi's in?
I use a percentage of my monthly non-precious fiat salary and buy only the precious Bitcoin.
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Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Buy the dip. That's the only signal you need to remember.
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Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
I am confident I will be after a few months after the next halving on 2020.
Buying and holding for long-term is my ways of making money from cryptocurrencies market. I don't too waste my time by analyzing the market using technical or fundamental analysis but I do buy low and sell high to make money. However, this year 2018 has not been too good.
How do you select what you invest your precious satoshi's in?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
I think it all depends on the popularity of a strong and fundamental altcoin of the altcoin. When we get a very altcoin fit we can buy and sell them with the advantages of targeted
I take a look at bittrex, I check every coin in the red price and if I can see the coins with good movements, I will analyze deeply and see if I have a good chance to trade with that coins or not. and if I don't have any chance, then I will move to the other coins and sometimes, I take a look with the green price too because I will have a big chance to trade and make a profit. but if somehow, I think my feeling says that I need to watch the market only, then I don't trade at all because I force to trade, it will make me get stuck in the high price.
How do you select what you invest your precious satoshi's in?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
As far as I am concerned, I wish to divide my assets in 2 categories, long term investment and daily trading, for long term investments you need to chose a potential coin which has low value, for daily trading you should be strong in either of analysis, technical, fundamental and sentimental. Paid services are nothing but wastage of money.
How do you pick the coins you want to analyse?
Well, I go to the coinmarketcap, I look at the currency, I see its volume and exchange where they are negotiating the currency, then I search your ANN Thread of bitcointalk to know if there is any good news or bad news about the project and its development and if the project has real-life use. then i go to twitter and reddit to know more about the project. done that if I realize it's worth it, then I buy the coin and i hold. I do not believe in these groups of signal and often Technical Analysis has proved useless. It's better for people to do research, learn what they can, and decide for themselves, than to rely on these signal or pump and dump groups
So I hear a lot of people talking about TA. What makes TA (i.e. analysis of past patterns) predictive of the future? Is it just circular? People use TA to predict a rise, so they buy and it therefore rises? Then use TA to predict a fall then sell, and it falls?
How many people have you seen using TA and got it right in the price prediction?
How do you select what you invest your precious satoshi's in?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
Free signals? Paid signals? Own TA? Depth charts? Pure luck? Acting on regular volatility?
Personally, my tipple of choice is depth charts. Would be happy to debate the relative merits and hear how other people make it work for them.
How do you protect against dumps (Bart!)? How do you pick the coins you want to analyse? Are you successful?
Well i find signals to actually be helpful. Not for my trades directly but to have awareness on other coins' movements. Usually i just check the history of a coin and really spend time on it. It gives me an idea if it can be profitable in the long run or not.
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