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Topic: How to swing trade and profit - page 2. (Read 306 times)

full member
Activity: 280
Merit: 100
July 15, 2018, 08:30:59 AM
#5
Since I started trading, I have seen some success. Most of it has been short lived because I would never trade my coins back into fiat before a dip. It's not always the best trade, but it's better than what I was doing before. Most of the time, I would buy a coin while it was going up in value. Then I'd come back an hour, day, or week later and my investment would be anywhere from 10-50 percent lost. I don't use stop losses because I had heard so many stories of people losing out. So I'd rather spend my time actively trading.I am living proof that hodling is much better than trading. There are so many coins that I've bought into that I could have held on to and have made 20-30 times my money since I've begun.
sr. member
Activity: 574
Merit: 251
July 15, 2018, 07:36:25 AM
#4
That is one of the best method as compared to the crypto day trades and short term trading. I guess it works because of the volatility of the crypto currencies and thus you can always make it upto the multiple swings for that particular coin and win the situation. I am not sure if I can get 15-20% gains in single run but with the current bull and bears fight it is possible for sure. On the ordinary day anyone can get about 5% gains form the established coins. So yeah this really makes sense and most of the people shovel adopt to this method of trading.
member
Activity: 1106
Merit: 11
Crypto in my Blood
July 15, 2018, 06:47:43 AM
#3
Yes, swing trade became a good trade to take good profit but it also risky. All swing does not become not the same if the trader doesn't have a better idea in the trading method. So I think don't take any risk where you don't have experience, you could lose your capital. Yes, if you have a good experience in the trading market then you could do it.
member
Activity: 462
Merit: 10
July 15, 2018, 03:59:37 AM
#2
Current situation of  market is best times to start for swing trading, because all crypto in the bottomed but because we dont know when the market will turn in to bull run so good strategy to do is always use stop loss and trail that stop loss area whenever the price going up.
member
Activity: 179
Merit: 16
March 22, 2018, 08:07:21 AM
#1
Whenever the market crashes, everyone holding a coin professes HODL. If you're a non-trader and confident that you invested in the right coin, by all means just hold. But a trader doesn't just hold altcoins.

Over the past 6-7 months, and even in the last couple of months, I've been swing trading to great effect. Whether the market takes a long-term bull or bear pattern, it's always conducive to swing trading as long as you don't get greedy.

How do I swing trade? Take multiple positions on steady, established altcoins, such as Neo, at low RSI(weekly). Sell at roughly 15-20% gain(relative to btc) and buy in at next pullback.

Established altcoins keep repeating the same pattern relative to btc, which is readily readable, even when fiat prices tumble dramatically and by swing trading, you can redouble your position over time without risk.

Even in a bear market, you're making gains.
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