Kindly Share your trading Stategy. - page 3.

snuffman8

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Quote from: Tomcolor on January 26, 2024, 01:49:52 PM

In fact, the crypto currency market is always unpredictable, so your skills should be more important here. See with common sense if you buy a meme coin or bad altcoins it will put you in a killing spree. So to start trading you need to be patient and practice a lot as well as start trading with small money. It is normal that you will lose some trades but once you become skilled you will always win.

I dont really think theres a world where you always win. Even if your the most skilled person in the business. Its all about how much loss you can actually afford and how you manage them,

Tomcolor

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In fact, the crypto currency market is always unpredictable, so your skills should be more important here. See with common sense if you buy a meme coin or bad altcoins it will put you in a killing spree. So to start trading you need to be patient and practice a lot as well as start trading with small money. It is normal that you will lose some trades but once you become skilled you will always win.

Bushdark

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Quote from: Natsuu on January 26, 2024, 01:56:25 AM

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

Even understanding some strategy can be complicated even we don't even understand how the market does it own thing.
I know op might be curious to get in the market and start making profits just like other traders too. It is good when we are patient and ready to do things that would give us the opportunity to earn in the market. The first thing we need to put into consideration is for us to be aware of the market situation and how to analyse and take trades.

sujonali1819

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If you want to be a professional trader you have to know a lot of stuff about trading. Everyone's trading strategy is not the same. So it does not help you if someone shares their trading strategy here. The strategy depends on the situation also. so I don't think someone can properly share their trading strategy here.

So the basic strategy of trading is to choose the right coin, pick when it's undervalued, and hold until your targetted price.

snuffman8

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Quote from: 2Pizza410000BTC on January 25, 2024, 05:12:30 PM

Quote from: Justin999 on January 18, 2024, 08:49:30 AM

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 can I say about the trading experience, all the trading strategies I started using were doing very well for a few days when the market was starting to improve but whenever the market went down, my trading platform showed huge losses. Currently I am losing a lot from trading. But I am not worried about the loss from my trading, I know that I can definitely recover this loss from my trading. In this case, I must be patient. If I cannot be patient, then I will not be successful. But one of the reasons I lost was because I was greedy. I was trading with ORDI Coin I bought at $72.55 but placed a sell order at $87.75. I have to see my losses due to my excessive greed. So I would like to say to every trader, do not trade with passion and never be too greedy on the trading platform. These two strategies I think are the best for trading.

The problem is that money play with our minds. The hardest thing in trading world is to make your mind safe. You will never have the right emotional to deal with lossess and profits. So, the tiny few people that can do it, win, but they can still lose.

Anyway, thing in the long term, even the most self controlled trader can make mistakes being greedy. That is being human and theres no shame on that, as you mentioned.

Natsuu

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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

2Pizza410000BTC

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Quote from: Justin999 on January 18, 2024, 08:49:30 AM

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 can I say about the trading experience, all the trading strategies I started using were doing very well for a few days when the market was starting to improve but whenever the market went down, my trading platform showed huge losses. Currently I am losing a lot from trading. But I am not worried about the loss from my trading, I know that I can definitely recover this loss from my trading. In this case, I must be patient. If I cannot be patient, then I will not be successful. But one of the reasons I lost was because I was greedy. I was trading with ORDI Coin I bought at $72.55 but placed a sell order at $87.75. I have to see my losses due to my excessive greed. So I would like to say to every trader, do not trade with passion and never be too greedy on the trading platform. These two strategies I think are the best for trading.

snowpega

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Quote from: Oshosondy on January 18, 2024, 08:54:23 AM

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.

Dear, all points are very good I also use them but I say if the person who is a newbie in the crypto space should not take any kind of trade as taking trade can prove risky part for him in case he has a small portfolio, in trading, he may lose his funds due to insufficient knowledge and even earn if luck goes in his favor. I would suggest newbies to buy some good projects in the spot then gain some knowledge and then take some trades with only those funds he willing to lose as if he notice any improvement then start taking some more trades but taking more trades is a bad habit.

God bless u

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Quote from: snuffman8 on January 25, 2024, 09:14:39 AM

Just hold it until you can sell in profit. Everything else will not work in long term.

Just buying and selling is not a trading strategy, it needs extensive education,
it needs so much education that we know where his buying point is and where his selling point. Will be able to buy and sell it means after that we will be in profit because if we don't even know which is the buy point and which is the sell point then how can we learn trading how much profit we have to sell it, then it will be enough for us, after that we have to do day trading or long term trading, how should we train so that we can do it

snuffman8

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Just hold it until you can sell in profit. Everything else will not work in long term.

goodbed

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Quote from: Justin999 on January 18, 2024, 08:49:30 AM

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

In the dynamic realm of crypto trading, a profitable strategy involves a judicious blend of day trading and swing trading. Leveraging technical analysis, traders capitalize on short-term market fluctuations for quick gains, while simultaneously navigating larger trends through swing trading. A disciplined approach to risk management is paramount, ensuring prudent decision-making in this volatile space. Successful execution demands a continuous commitment to market research, adaptability, and a keen understanding of both short and long-term market dynamics.

Zoomic

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Quote from: Justin999 on January 18, 2024, 08:49:30 AM

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 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.

Dimitri94

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Quote from: Justin999 on January 18, 2024, 08:49:30 AM

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?

A trader must need various knowldge about the marekt. Trading can also be handled by following an experienced trader. Moreover, various tools like copy trading have been developed for this. I do trading myself but I don't consider myself an experienced trader. I like to analyze with my common sense. But try to get ideas about analysis from those who are good traders. If a trader can do his own analysis then he has to trust himself. However, if you have a good knowledge of the market, the results of the analysis may not be very good.

I am currently not trading and waiting and watching the market move. If the market goes down a bit I will be interested in holding there and when the market rise to my desired level I will try to trade again.

Xampeuu

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Quote from: Mame89 on January 24, 2024, 04:29:48 PM

Quote from: Zanab247 on January 24, 2024, 03:30:49 PM

There are many strategies in the market which traders use to carry out their activities to achieve their goal at the end, but there is a simple or common strategies many new traders are using to make money from their trading by buy coins in the market when the price is low and hodl for the price to increase higher before they can trade to recover their capital and still make some profits.

Once there is a green light in the market, just know that something positive is preparing to happen in the market that will make both long traders and short traders to start trading their coins to make more money from the market.

Of course, all traders have their own strategy in choosing coins or analyzing the coins they want to trade. All strategies look very simple but when put into practice they are not as easy as they sound.

But for me, apart from the strategy you mentioned, the most important thing for a trader is to keep updating news in the media about crypto. Many people are successful using crypto trading strategies like this because most of the ups and downs of crypto only focus on exploiting the events you read about in the media. This trading strategy is what I use now.

Because current events in the news can usually influence crypto prices, because this influence is not just speculation but also if you look at past history, many experienced traders who are successful traders also take advantage of this.

Indeed, news can be used as a basis for analysis, and usually also has an impact on market movements. However, it will be difficult to apply as a short-term trader, considering that we don't know whether it will have an immediate effect, so I always use technical analysis by creating a framework and being disciplined in the analysis, even doing cut losses seems to be a normal thing.

terrific

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Quote from: Justin999 on January 18, 2024, 08:49:30 AM

Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on.

It consists of most of those and it is not about how good you are on just a few things like being into fundamental analysis but good that you've mentioned the other parameters for being a good trader.

Quote from: Justin999 on January 18, 2024, 08:49:30 AM

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

Not that much can be learned from me and that's my strategy is to keep learning from the better traders than me. I'm not so much good in it and that's what I keep telling to myself even if I've won a lot of trades but they're not that much at all. So I guess that's what worked for me for having the crave to learn more and listening to the other better traders.

Mame89

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Quote from: Zanab247 on January 24, 2024, 03:30:49 PM

There are many strategies in the market which traders use to carry out their activities to achieve their goal at the end, but there is a simple or common strategies many new traders are using to make money from their trading by buy coins in the market when the price is low and hodl for the price to increase higher before they can trade to recover their capital and still make some profits.

Once there is a green light in the market, just know that something positive is preparing to happen in the market that will make both long traders and short traders to start trading their coins to make more money from the market.

Of course, all traders have their own strategy in choosing coins or analyzing the coins they want to trade. All strategies look very simple but when put into practice they are not as easy as they sound.

But for me, apart from the strategy you mentioned, the most important thing for a trader is to keep updating news in the media about crypto. Many people are successful using crypto trading strategies like this because most of the ups and downs of crypto only focus on exploiting the events you read about in the media. This trading strategy is what I use now.

Because current events in the news can usually influence crypto prices, because this influence is not just speculation but also if you look at past history, many experienced traders who are successful traders also take advantage of this.

Zanab247

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There are many strategies in the market which traders use to carry out their activities to achieve their goal at the end, but there is a simple or common strategies many new traders are using to make money from their trading by buy coins in the market when the price is low and hodl for the price to increase higher before they can trade to recover their capital and still make some profits.

Once there is a green light in the market, just know that something positive is preparing to happen in the market that will make both long traders and short traders to start trading their coins to make more money from the market.

Fatunad

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Quote from: bluebit25 on January 18, 2024, 04:10:17 PM

Quote from: Fatunad on January 18, 2024, 01:53:29 PM

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Quite comprehensive about the things I experienced in the cryptocurrency space, but imo technical analysis in this market is very harsh and certainistic, but nonetheless these are good support tools for traders.

But there's one thing I like about crypto, it's ahead of the news. It is completely predictable that events will take place in the future, which is a time of strong fluctuations, so in the short term, there may be some early decisions to keep a better position. But anyway, I feel with bitcoin, safe trading is long term and DCA is enough to enjoy sustainable profits.

When you are stepping your foot into this market then you should really be that prepared on which it would really be just that right that get prepared on different conditions and variations into this market.
Therefore, you would really be finding and make your own strategy rather than on trying to copy others on which we do know that it cant really be just that possible that what works on others would work on you
on which we know that this cant really be just that possible. This is why it would be always best and ideal that you should really know on what you are dealing with. If you are that someone whose really that
minding about long term then you would really be needing up to have that kind of sustainable mindset on which you should really be that versatile and could really be able to adapt well on whatever
the things that you would really be able to encounter along the way. We do know on how trading works and whats the risks behind it, this is why you should really be that careful.

Ndabagi01

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Quote from: Justin999 on January 18, 2024, 08:49:30 AM

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

True, people trade in a variety of ways, and each person benefits differently from it. What works for me may not work for you unless you have developed a unique strategy that fits your specific way of interacting with the market. My advice is to not be greedy and take profit as soon as you see the green light; staying in the market and hoping for more profit increases the risk of losing everything. Invest only what you can afford to lose, and avoid revenge trading once you've reached your daily loss target; revenge trading will only cause you to lose more money over time. Finally, focus on the skill that works best for you while also developing other skills that will help you become a more effective and diverse trader.

el kaka22

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Trading is not something that can be fit for all, it is not like some shirt, not all 2xl people will fit, that is not going to be the same at trading. All our lives are different, our minds are different, what we are going through is different, the amount of money we have is different, the amount of money we make is different, the living situation we have is different, they growing up part of our life is different, the jobs are different, the sickness/health situations are different.

I can keep naming more and more stuff that are different from one person to another. When no single human is the same, why would we think that it would be ok for us to trade the same way? We are going to trade differently as well, just like how we have other different stuff.

Topic: Kindly Share your trading Stategy. - page 3. (Read 876 times)