Topic: List what trading techniques you know of. (Read 343 times)
if my own trading technique is easy enough we always monitor market movements and always have a great sense of patience. because that success must run smoothly if we always be patient waiting for the right time to sell our coins
if I, for example, have capital, I prefer to invest long term, to buy some altcoins which I think have the potential to grow rapidly in the future, and I expect big profits from the coins that I buy, because I am not very good at day trading , so I choose to invest a long period of time, while studying day trade.
I want to believe most people who are not vast traders with well-equipped knowledge on trading will definitely prefer to go this route. It is not a bad idea to invest long in as much as you know you are fine with the price you are buying from.However, it is not also a bad idea to get to know some trading techniques to identify when it seems to be a good time to also be buying or not as the case may be. The best is just to find what one is comfortable with and stick with it.
I do not know much about trading myself but back in the day I have purchased gunbot from @captaincorporate on telegram, he helped me get it setup and there was bunch of strategies and chart indicators there to setup so the bot would buy or sell according to those chart indicators.
There was different ones for different purposes, for example using bollinger band with rsi for buying was conservative and rarely bought but when it did it really did bought stuff that went up afterwards and when I used tssl for example it created a ladderal movement that in the end follows the profit and sells when it starts to go down. There was like hundreds of combinations of things you could do so I kinda got used to that type of trading because of it.
There was different ones for different purposes, for example using bollinger band with rsi for buying was conservative and rarely bought but when it did it really did bought stuff that went up afterwards and when I used tssl for example it created a ladderal movement that in the end follows the profit and sells when it starts to go down. There was like hundreds of combinations of things you could do so I kinda got used to that type of trading because of it.
My trading strategy is never forgot to use stop loss because with high fluctuacion of cryptocurrency will bring you to get opportunity to make big money but also possible lossing much money. And i only use about 60% of my balance to trade and remaining balance use to trade in other day, and incase the price keep going down, by this way i can recover loss more faster in first trade.
There are numerous strategies,i think the best of them all,is to purchase when the prices are pretty low and sell when they are high.
Also hold and avoid panic sales
Patience is also a key strategy in the crypyo world.
That would work better for someone who understands how the market can be due to its volatility. Like you said, patience is a good way to go about trading, but at the same time, the patience should be limited. It is imperative to at least learn how to use some indicators to make some decisions which for me has been very helpful a lot and not just buying the dips thinking you are going to be patient enough, instead of stopping your loss and buying even lower. Also hold and avoid panic sales
Patience is also a key strategy in the crypyo world.
if I, for example, have capital, I prefer to invest long term, to buy some altcoins which I think have the potential to grow rapidly in the future, and I expect big profits from the coins that I buy, because I am not very good at day trading , so I choose to invest a long period of time, while studying day trade.
I do point number 2 and 4 as a combination that is Buy the dip and The day trader. I will analyze the market right now when the market falls and I think it is good so I will buy with the assumption that I will sell quickly at 1-2% profit per transaction. then my capital will continue to grow and if needed profit I can enjoy instantly
There are numerous strategies,i think the best of them all,is to purchase when the prices are pretty low and sell when they are high.
Also hold and avoid panic sales
Patience is also a key strategy in the crypyo world.
Also hold and avoid panic sales
Patience is also a key strategy in the crypyo world.
The buy-and-hold strategy employs a mentality that suggests price movements over the long term will outweigh the price movements in the short term and, as such, short-term movements should be ignored. Active traders, on the other hand, believe that short-term movements and capturing the market trend are where the profits are made.
I started to study different trading strategies. Any information for me, is worth its weight in gold! Thank you very much for the article.
The basic chart pattern entries for me, double bottom, reverse head and shoulders, cup and handle, etc. , and I don't recommend using candlestick patterns, because base on my experiences they don't tend to be bullish.
I think that there is no perfect technique available in the trading to be successful so all we need to do is act accordingly to the current market situation and make most of it.But day trading is much riskier and not effective as the long term trading so people who want to day trade can invest that amount in long term and make some money from doing other job at the mean time.
The only technique that actually works and can help you out is basically to trade in the general trend.
For the last few years, it was very easy money when you traded the stock market. Crazy bullish market for the last decade pretty much.
However since 2010 or so, people were calling for a double dip recession and it never happened. People kept shorting the SP500 and Dow30 indexes when they were hitting ATH.
With Bitcoin its more or less of the same. The price goes down a little and everybody becomes a bear. The price goes up a little and everybody becomes a bull and ends up getting stopped out or margin called.
For the last few years, it was very easy money when you traded the stock market. Crazy bullish market for the last decade pretty much.
However since 2010 or so, people were calling for a double dip recession and it never happened. People kept shorting the SP500 and Dow30 indexes when they were hitting ATH.
With Bitcoin its more or less of the same. The price goes down a little and everybody becomes a bear. The price goes up a little and everybody becomes a bull and ends up getting stopped out or margin called.
A strategy that has not been mentioned is selling off your coins and buying Tether when there is a dip (bear market), you can then buy back immediately the market changes direction. This allows you to increase more of your bitcoins/altcoins.
My techniques is to buy low and sell higher. To give much time to research. These research is very important to the success of a trading strategy .
and what about withfrawal fees etc? How much will you loose sending tokens this and there?
And also dont forget about transaction time, 15-20 min might be crucial here
And also dont forget about transaction time, 15-20 min might be crucial here
Exchanges tend to charge insanely high fees in some cases, which is purely meant to discourage arbitrage trading. Yobit occasionally hides the withdrawal fees where you will only find out how much they charge once you actually initiated a withdrawal. If you browse through this forum you'll read that people ended up paying +$100 in withdrawal fees. It's pure theft like that and therefore they shouldn't be used unless you have no other option. Binance's fees are however nicely listed here https://www.binance.com/fees.html
Arbitrage trading seems easy when people talk about it, but the variables make it a lot harder to profit.
Scalping is best or short trades with short time frames when it comes to fast profits but doing this do really need extreme skills because volatility will surely kill you.
and what about withfrawal fees etc? How much will you loose sending tokens this and there?
And also dont forget about transaction time, 15-20 min might be crucial here
And also dont forget about transaction time, 15-20 min might be crucial here
Exchanges tend to charge insanely high fees in some cases, which is purely meant to discourage arbitrage trading. Yobit occasionally hides the withdrawal fees where you will only find out how much they charge once you actually initiated a withdrawal. If you browse through this forum you'll read that people ended up paying +$100 in withdrawal fees. It's pure theft like that and therefore they shouldn't be used unless you have no other option. Binance's fees are however nicely listed here https://www.binance.com/fees.html
Arbitrage trading seems easy when people talk about it, but the variables make it a lot harder to profit.
I would my and call this one a strategy of many why? Basic move and basic knowledge to maintain right results as posible.
Trading is a process of exchange which if market move s it is up to the trader it self.
1. Buy it low. Like today the market is red or even if its green as long it is a 10 to 9k USD below.
2. Sell it high. When the market price is at 8k that is the time (EXAMPLE: btc market 7k USD)
If matters occur
3. HOLD it as it gets lows from day to day. Do not trade if you did not get back your income.
And I think this one is the summarize version.
Trading is a process of exchange which if market move s it is up to the trader it self.
1. Buy it low. Like today the market is red or even if its green as long it is a 10 to 9k USD below.
2. Sell it high. When the market price is at 8k that is the time (EXAMPLE: btc market 7k USD)
If matters occur
3. HOLD it as it gets lows from day to day. Do not trade if you did not get back your income.
And I think this one is the summarize version.
Basically this is my strategy so far. I'm buying now as much as I can and I'm waiting for market to recover. Even if prices drop I'm not going to sell. Patience is crucial I guess. Also it's easier if you're investing amounts that you can or wait for a ling time to get back. When prices reach 8-9k I'll sell and gain a 20-30% profit. I hope it comes in 6months or so.
There aren't many strategies after all, neither so many techniques that are useful.
Just do this, buy low, sell high, that is the only thing that you are going to do, and it doesn't matter which strategy you are using.
Just do this, buy low, sell high, that is the only thing that you are going to do, and it doesn't matter which strategy you are using.
I know a lot of different strategies, but I was going to this result for a very long time and I will never reveal my secrets of trading in the crypto-currency market. But, as corny as it sounds, I can say that the best strategy is HODL.
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