OP, your next question should be to ask each and everyone in the topic who has given their advice if they're actually profitable traders after a large sample size. I personally am not ashamed to admit that I'm a mere pleb and a BAD trader. That's why I advice everyone to HODL only Bitcoin because it's the only cryptocurrency that can be trusted to do its job well, and to continue to exist for more decades. Those other coins, we simply don't know.
You started the topic on January 18, 2024. Let's pretend you bought Bitcoin during that date and you're HODLing until January 18, 2026. I'm very confident that many, probably 90%, of "day-traders" in the forum will not outperform Bitcoin.
Topic: Kindly Share your trading Stategy. - page 2. (Read 829 times)
For this reason we cannot use a single indicator to tell us what to do, a trading strategy encompasses the use of different indicators to get a clearer view about what is happening on the market, however finding the right balance between the indicators is very difficult and a person could spend hundreds of hours trying to refine a strategy that actually works, and this brings as a consequence that many people do not want to do this and want to take shortcuts by asking about the strategies other traders are using.
You can not use technical indicators accurately for many trades and the more you are actively with trading, the more risk you will have more inaccurate decisions then get more losses.To reduce inaccuracy of your trading, you can minimize your trading intensity and only open a trading position when a market is volatile enough. Trading is for time when market is high volatile, not when it is too idle. With volatility, you can easily enter and exit the market and can avoid idle market that can end anytime and switch to a new trend, that can cause you a big loss.
Trying to figure out some of these stuff is not that easy, I think many people just end up making a mistake and letting it be. I hope that we could do better with our strategies that are more fit for us and not really just get some general thing. I do not believe in all those "oh if EMA hits X number or below, you should definitely buy!!", why? How could that be possible, why would that mean anything, I think that is not normal and we should consider that to be not a smart move.
Not everyone is equal, and not each time EMA goes under X means it will do exactly the same, one by one, to the minute. So just make sure that you know what you are doing works for you, forget about the rest, just make sure that it does well for you.
For this reason we cannot use a single indicator to tell us what to do, a trading strategy encompasses the use of different indicators to get a clearer view about what is happening on the market, however finding the right balance between the indicators is very difficult and a person could spend hundreds of hours trying to refine a strategy that actually works, and this brings as a consequence that many people do not want to do this and want to take shortcuts by asking about the strategies other traders are using. Not everyone is equal, and not each time EMA goes under X means it will do exactly the same, one by one, to the minute. So just make sure that you know what you are doing works for you, forget about the rest, just make sure that it does well for you.
Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
One very vital strategy that a trader should adopt is by trading with the high to lower time frames. This is simply finding the trade direction from the bigger time frames then coming down to the lower time frames to take entries.
And again trend trading. Never trade against the trend.instead follow it and trade to the direction of the trade.
Trying to figure out some of these stuff is not that easy, I think many people just end up making a mistake and letting it be. I hope that we could do better with our strategies that are more fit for us and not really just get some general thing. I do not believe in all those "oh if EMA hits X number or below, you should definitely buy!!", why? How could that be possible, why would that mean anything, I think that is not normal and we should consider that to be not a smart move.
Not everyone is equal, and not each time EMA goes under X means it will do exactly the same, one by one, to the minute. So just make sure that you know what you are doing works for you, forget about the rest, just make sure that it does well for you.
Not everyone is equal, and not each time EMA goes under X means it will do exactly the same, one by one, to the minute. So just make sure that you know what you are doing works for you, forget about the rest, just make sure that it does well for you.
I use basic support and resistance in combination with price at those area of value .When it comes crypto trading I used band breaks for scalping especially on the lower timeframes. That way I am able to maintain consistency and stay profitable at the same time.
Indeed, sometimes we need a mentor to guide us in learning trading. A mentor is someone who is close to us and we can trust and he sincerely guides us. My mentor never gave me the results of his analysis, but taught me to know how to do it through reading references or YouTube channels so that I could hone my skills gradually. If I can say, I no longer trade cryptocurrency but prefer forex because in my experience trading cryptocurrency has greater risks because of its fluctuations which are sometimes unstoppable and unpredictable. CMIIW 
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What works for this trader may not work for the other traders, you don't need to know my trading strategy to succeed, it is best to develop your strategy. Apply rule base strategy, and in addition to having a trading strategy, never forget to manage risks and deal with your emotions. They are a powerful tool you can use to better your trading life.I, you and other traders are different - and this will provide different experiences too. I don't trade often - but I have used a small portion of my investment budget to trade for a while. Copy trading that is said to be profitable also carries a high risk of loss - so don't ruin your plans just because of another user's advice. Here no one will be responsible for your losses - so consider all decisions wisely.
Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
What works for this trader may not work for the other traders, you don't need to know my trading strategy to succeed, it is best to develop your strategy. Apply rule base strategy, and in addition to having a trading strategy, never forget to manage risks and deal with your emotions. They are a powerful tool you can use to better your trading life. 
Start by understanding market trends through technical and fundamental analysis. Manage your money wisely, setting realistic profit expectations and keeping a keen eye on risk. Emotions can be your greatest ally or foe, so maintaining composure in both wins and losses is important too. Tho having your own style is important we should always stay updated 
The second the thing or sentence that you said must be the start because they don't require a good knowledge compared to doing an analysis. We only need to control our selves or our emotions to be able to spend wisely. They are still needed though later on. Same goes to the rest. I think most of the times, emotions can be our foe, because it makes us to be weak and be greedy. This should be avoided in trading because trading is not an easy thing to do.As a beginner I think it's okay to rely on others strategy. And as soon as they gain experience, they will still learn to go on their own. And yeah to be updated is also a must, so that we will know the in's and out's here in the crypto world.
Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
You should really think that whatever strategies that someone uses, it doesnt mean that it would also work on you because there would really factors that would really be affecting you on your decisions on which it could possibly that differ into others decisions which it would really be affecting in overall outcome or result on which it would really be just that right that you should really know on what you should gonna do.When it comes to strategy then it would really be that totally different to each other but the tools and indicators which are been using are really just that the same to each other on which it would really be just that normal that there would really be those people who wouldnt really be minding on following someones analysis or methods just because they do believe that it is much more effective
comparing to theirs on which this is something that people must really be that thinking off well.
Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
Emotional control is what we need the most aside from strategy because many traders fails as they turn greedy in their target profit , try not to become one and you will be saved in your investment.Analysis and
other fundamentals are just an added to the main strategy but the character itself is the most important part.
Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
My trading strategy involves a human-in-the-loop AI system for cryptocurrency trading. This strategy focuses on rebalancing assets to optimize returns, particularly in Bitcoin's journey to potentially reaching $100,000. The approach entails reallocating resources from high-performing assets to undervalued ones, aligning closely with Bitcoin trends and excelling in bull markets. Importantly, this method avoids leveraging, reducing liquidation risks. This strategy, verified by RSM Cyprus LTD and operating with a transparent and low fee structure, ensures a more managed and strategic approach to crypto investing. You can read more about it on the website:R100K.com
Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
I have two portfolios and two different strategies I focus on. The first one is my bitcoin wallet, where I am trying to aquire as much as possible and will just hodl my coins. This is purely for long-term investing without any trading in the mean time. I used to trade bitcoin actively in the past, but my results where mixed compared to the time I invested for research and monitoring. Now I am just sticking to the DCA method and will buy new coins every month. Once we reach a new ATH I might consider taking some profits. The second portfolio is for both stocks and crypto, I use it to trade more actively. Here I mostly follow technical analysis to identify medium term trends to take advantage of. I am not a fan of day trading anymore because there is too much noise in the market and my technical indicators are not working that great. A more medium term approach of 30-90 days works better to identify trading signals and keeps the transaction cost lower as well.
There is a better way than asking others for trading strategies. Crypto exchanges offer copy-trading features that can be used to copy any professional trader's trading activity by giving them a small commission. This is the most convenient way for non-professional traders to earn some money from trading where you don't even need to spend your time finding the best entry. Asking people about their trading strategy won't help you much because if anyone is having success with their trade setup, he won't share his strategy with anyone.
Start by understanding market trends through technical and fundamental analysis. Manage your money wisely, setting realistic profit expectations and keeping a keen eye on risk. Emotions can be your greatest ally or foe, so maintaining composure in both wins and losses is important too. Tho having your own style is important we should always stay updated
Yes, Good Dear It will always recommended to make your own strategy rather than we follows others yes but always learn from your seniors because if the person does not have sufficient knowledge he can lose his portfolio. Here Risk management is the main thing in crypto space if one is not managing it carefully then he/she is putting his/her funds in risk so best to divide the amount in the form of fraction and invedst in different good projects.
Start by understanding market trends through technical and fundamental analysis. Manage your money wisely, setting realistic profit expectations and keeping a keen eye on risk. Emotions can be your greatest ally or foe, so maintaining composure in both wins and losses is important too. Tho having your own style is important we should always stay updated
Yes, Good Dear It will always recommended to make your own strategy rather than we follows others yes but always learn from your seniors because if the person does not have sufficient knowledge he can lose his portfolio. Here Risk management is the main thing in crypto space if one is not managing it carefully then he/she is putting his/her funds in risk so best to divide the amount in the form of fraction and invedst in different good projects.
What we must understand is that the strategy that works for you might not work for th next person. The best strategies are gotten from a trader's personal experiences. From your previous trading experience, you know the mistakes you made during the previous session and how to prevent such mistakes from reoccurring. And you know the right steps to follow inorder to avoid losing your money. As a trader, it is very important that you understand your market very well. The strategies you used last year and it worked for you might not be useful this year if their is a slight change in the market structure. Trading has lots of technicalities that you need constant practicing to be able to achieve your aim. This has nothing to do with if you are an expert or not. Remember, experts lose money too.
This is very true, this is also why there are so many people out there who are doubting the fact that they may end up with a lot of loss, but in reality we are talking about a decent situation that is not really a shocker. I believe that the best thing we could do at this moment would be just realizing that life may not be all that complicated, it is really not that something you just copy and paste from others at all though.All those people who are wondering what they are doing wrong, why the other person used the same thing and made money while they didn't, that's basically not an issue because they did something wrong, it is an issue because they are trying the same thing while being a different person. Everyone should find what works best for them specifically.
Having a trading budget.
Do not include the money you can not afford to lose on your trading budget.
1 to 5% of your weekly income is enough for trading.
Learn how to use some indicators like Bollinger band and RSI. Fundamental analyses are important also.
You can start with averaging instead of going all at ones.
Always have it in mind that trading is as risky as gambling.
Do not use leverage. Or do not use too much leverage. Not using leverage is the best.
Do not trade with shit coins and highly volatile coins.
Do not be greedy. You will notice this in trading and you will need to fight it.
Do not include the money you can not afford to lose on your trading budget.
1 to 5% of your weekly income is enough for trading.
Learn how to use some indicators like Bollinger band and RSI. Fundamental analyses are important also.
You can start with averaging instead of going all at ones.
Always have it in mind that trading is as risky as gambling.
Do not use leverage. Or do not use too much leverage. Not using leverage is the best.
Do not trade with shit coins and highly volatile coins.
Do not be greedy. You will notice this in trading and you will need to fight it.
- What you mentioned is true, and what you mentioned here is also good. I just wish you could define what the shit coins are you are talking about here, because all cryptocurrencies are volatile; they just differ in the level of percentage, and volatility does not coincide with when this happens because the market is unpredictable.
Then we also know here that knowledge is very important in trading; naturally, if we know something right here in trading, we will also get a profit for sure in the end. We just have to be patient.
Skill is more important for trading and I believe the more time you spend in the market the better your trading skills will improve. This doctrine is only useful for new traders as they have a lot to learn like market analysis, chart analysis, trading courses etc. and therefore it is mandatory to spend more time in the market. But those who already have good knowledge on these facts, do not need to spend so much time. Another thing is to keep an eye on your capital.
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