Topic: My trading strategies - page 4. (Read 1354 times)
My trading strategy is intuitive. I know technical analysis, but I don't use it. Perhaps in vain, but mostly I catch drawdown movements, buy and sell later! Has been working for 3 years! Grin
Bitcoin and altcoins are heavily correlated, we all know that but they do not move at exactly the same speed and we can clearly see this is the case, at the beginning of this bull run most of the growth was concentrated on bitcoin and that is why its dominance was going up almost everyday.
Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.
But I'm not sure what kind of strategy will be useful here when bitcoin and altcoins are moving on the same direction but at different rate. Because what I am trying to say here is, instead of focusing on bitcoin dominance as a bigger thing here for decision making, we can go for fundamental and technical analysis on altcoins to predict its direction; that will be much easier than get confusing about bitcoin dominance as a tool to predict the movements of altcoins.Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.
As far as my experience concerned, there cannot any single rule which will be demonstrating how bitcoin dominance is influencing the movements of bitcoin and altoins and how affects each other. So, focusing on other strategy will be helpful and less confusing.
However there is a relatively simple strategy that will allow you to capture more profits by using the bitcoin dominance, the key here is to wait for the bitcoin dominance to reach a high or a low point and then wait for a reversal, when we get a reversal from a high point then switch to altcoins, and when we get a reversal from a low point then get bitcoin, this way you keep yourself in the side that is outperforming the other and you can obtain profits in both fiat and bitcoin if applied correctly.
Bitcoin and altcoins are heavily correlated, we all know that but they do not move at exactly the same speed and we can clearly see this is the case, at the beginning of this bull run most of the growth was concentrated on bitcoin and that is why its dominance was going up almost everyday.
Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.
But I'm not sure what kind of strategy will be useful here when bitcoin and altcoins are moving on the same direction but at different rate. Because what I am trying to say here is, instead of focusing on bitcoin dominance as a bigger thing here for decision making, we can go for fundamental and technical analysis on altcoins to predict its direction; that will be much easier than get confusing about bitcoin dominance as a tool to predict the movements of altcoins.Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.
As far as my experience concerned, there cannot any single rule which will be demonstrating how bitcoin dominance is influencing the movements of bitcoin and altoins and how affects each other. So, focusing on other strategy will be helpful and less confusing.
However there is a relatively simple strategy that will allow you to capture more profits by using the bitcoin dominance, the key here is to wait for the bitcoin dominance to reach a high or a low point and then wait for a reversal, when we get a reversal from a high point then switch to altcoins, and when we get a reversal from a low point then get bitcoin, this way you keep yourself in the side that is outperforming the other and you can obtain profits in both fiat and bitcoin if applied correctly.
Personally I'm not having any big number of strategies but having few based on moving average and pivot point analysis. These are all working for me at most of the times because these are all based on very basics of market movements hence the chances for them not working is very less.
It seems that you are having highly effective strategies to trade with. I wish I just want to copy your strategies so that I will not be having any problem when market conditions are changing. Because, I am long time looking for a versatile strategy which will be getting me profits among all market conditions.At the same time I'm afraid because I read no strategy will be working for all market conditions and I guess it is applicable even for your strategy.
Effectiveness of strategies is completely depending on market condition; when market condition changes, some strategies may not work properly. This is the reason it is highly advisable to go for having multiple strategies at any point of time so that we can cope up against continuously changing market conditions.
Agree with your point. You need to have multiple strategies while working with this volatile types of market, changing trends affectseach strategy and patterns that you usually use when dealing with your trading business.
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Personally I'm not having any big number of strategies but having few based on moving average and pivot point analysis. These are all working for me at most of the times because these are all based on very basics of market movements hence the chances for them not working is very less.
There's no perfect one I guess, as the volatility and those big players who manage to command in some point, the nfluenced
that they've brought inside also affects the market.
But as long as you lessen the risk, it's far better than losing more from your initial investments.
it was to know as well that not all strategies work so well, or maybe it works to the others but not us. Some instances happens like that and that also because we are not comfortable using it.
Effectiveness of strategies is completely depending on market condition; when market condition changes, some strategies may not work properly. This is the reason it is highly advisable to go for having multiple strategies at any point of time so that we can cope up against continuously changing market conditions.Personally I'm not having any big number of strategies but having few based on moving average and pivot point analysis. These are all working for me at most of the times because these are all based on very basics of market movements hence the chances for them not working is very less.
I will prefer making use of intuition power (if I get chances to develop such) along with my technical analysis because having more than one method of trading will be very effective in my experience and having something completely different from other traders will remain highly profitable in my opinion.
You are not anything short of exact my imagination. Honestly I am into practice to develop my intuition power but so far I'm not successful with that. I checked few of YouTube videos to help me but I am into practice still.I believe we can make wonderful trades if we are having more than one strategy. When we are having multiple strategies then we can get double confirmation for our entry and exit levels which will be more than enough for getting sure and huge profits.
But the life of a trader won't just stop there. We wanted to enhance our trading capabilities to gain more. And one of our perspectives is to find a strategy that could help us to achieve our goal. That gives us some motivation not to stop reading books, watching youtube as these things could give us some ideas. However, it was to know as well that not all strategies work so well, or maybe it works to the others but not us. Some instances happens like that and that also because we are not comfortable using it.
I will prefer making use of intuition power (if I get chances to develop such) along with my technical analysis because having more than one method of trading will be very effective in my experience and having something completely different from other traders will remain highly profitable in my opinion.
You are not anything short of exact my imagination. Honestly I am into practice to develop my intuition power but so far I'm not successful with that. I checked few of YouTube videos to help me but I am into practice still.I believe we can make wonderful trades if we are having more than one strategy. When we are having multiple strategies then we can get double confirmation for our entry and exit levels which will be more than enough for getting sure and huge profits.
First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.
This is like the normal thing that a lot of people are doing, trying to leverage on the price movement of bitcoin and altcoins to make profit. A lot of people are doing that, but it doesn’t work all the time, there are times it works and you have to be really good to be able to know what would be the next direction the market would be moving and when to follow up on it, if not you’re just going to be stuck in the middle and lose your money.But if you can be able to predict the market accurately, this will be working out for you pretty well. If not, then it’s better to look for a totally different strategy that is going to be working for you, you can just go for a full Hodl, which is what I would say most of the people that are here do, they simply HODL till they get that opportunity to sell their assets and make huge profit from it.
My trading strategy is intuitive. I know technical analysis, but I don't use it. Perhaps in vain, but mostly I catch drawdown movements, buy and sell later! Has been working for 3 years! 
That sounds like too strange because I have never come across any of the trader who are trading through their intuition power. But I believe it will be possible when we are continuously monitoring market movements along with news and events happening around the bitcoin ecosystem.But, I will prefer making use of intuition power (if I get chances to develop such) along with my technical analysis because having more than one method of trading will be very effective in my experience and having something completely different from other traders will remain highly profitable in my opinion.
What you do is a classic technique, because you are basically buying at a low price and selling at a high price. but what we need to know is that the selection of altcoins is very influential on our profits. so I think that choosing an altcoin requires careful analysis
Actually we have our own strategies in trading that we already tested and comfortable with to try on. Here in forum we have talked so many kinds of trading strategies that was proven and successfully used by other traders but that doesn't mean it would be fit with you too. But to be honest to become an effwctive trader especially as a newbie trader it's a must that we should know about the basic. Selling at high price and buying at low price was one but I guess I may add to my list of basic skills that we need to know was the knowledge about reading or analyzing the chart of crypto that you are going to invest.
I think the core of all this is in that strategy, buy low and sell high, but to establish this strategy you need to trade in the medium and long term, unless the market is starting in an uptrend right now, it is possible that This scenario could occur, usually the accumulation stage in Bitcoin usually lasts around 3 or 4 years, now it is currently in an uptrend stage, many are betting on it, however it is believed that it can reach at least the $ 288k according to the S2F model, which is very popular.
When comparing the Bitcoin market with the Stock Market, the Stock Market its movements do not have much volatility and the important movements occur every 8 to 10 years.
First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.
That's what almost everyone does!For me trading againts btc using only USDT is better then altcoin.
In my opinion, it doesn't matter which currency you are using to trade Bitcoin. The thing matters the most is where do you exchange the Bitcoin, there are some price difference between each exchange and you could potentially min-max it if you are really into it. 
What you do is a classic technique, because you are basically buying at a low price and selling at a high price. but what we need to know is that the selection of altcoins is very influential on our profits. so I think that choosing an altcoin requires careful analysis
Actually we have our own strategies in trading that we already tested and comfortable with to try on. Here in forum we have talked so many kinds of trading strategies that was proven and successfully used by other traders but that doesn't mean it would be fit with you too. But to be honest to become an effwctive trader especially as a newbie trader it's a must that we should know about the basic. Selling at high price and buying at low price was one but I guess I may add to my list of basic skills that we need to know was the knowledge about reading or analyzing the chart of crypto that you are going to invest.
It is true that trading must have their respective strategies and even combine them with several indicators that are understood with the fundamentals that must be based on them.
If we already understand what has been read in the analysis, it will be easier for us to trade and even be able to apply the strategies that we have, but sometimes this is a lot difficult to understand even beginners who have just entered the world of crypto and in there they just follow what other people say with a lot of use even they only follow a few VIP channels and sometimes there they are just instant, for me this is not a definite experience we have to be able to combine with some of what is understood.
therefore this is where it is necessary to understand and develop a mindset to be able to trade and create strategies that are suitable for our own trading methods. It is not wrong to follow other people if the people you are following are already professional people or follow and subscribe to the VIP channel, but don't do things instantaneously don't receive instantaneously. There are several VIP channels that not only provide buy and sell signals but explain how to determine when to buy and sell. We need to keep learning and not only focus on the benefits, but how we can improve. If we already understand what has been read in the analysis, it will be easier for us to trade and even be able to apply the strategies that we have, but sometimes this is a lot difficult to understand even beginners who have just entered the world of crypto and in there they just follow what other people say with a lot of use even they only follow a few VIP channels and sometimes there they are just instant, for me this is not a definite experience we have to be able to combine with some of what is understood.
What you do is a classic technique, because you are basically buying at a low price and selling at a high price. but what we need to know is that the selection of altcoins is very influential on our profits. so I think that choosing an altcoin requires careful analysis
Actually we have our own strategies in trading that we already tested and comfortable with to try on. Here in forum we have talked so many kinds of trading strategies that was proven and successfully used by other traders but that doesn't mean it would be fit with you too. But to be honest to become an effwctive trader especially as a newbie trader it's a must that we should know about the basic. Selling at high price and buying at low price was one but I guess I may add to my list of basic skills that we need to know was the knowledge about reading or analyzing the chart of crypto that you are going to invest.
every trader has their own strategy that they think is good and can provide benefits.
many strategies that can be applied. combined with various indicators to help read the direction of the market properly and accurately.
the strategies used by you are only basic strategies that can be applied by anyone. It must also be balanced with capital management and risk management, but of course trading will not go well.
Fundamentals also affect, learning to read Fundamentals well will provide a good combination of strategies and more accurate.
Trading is not just a theory, but how you can apply it when trading for real.
It is true that trading must have their respective strategies and even combine them with several indicators that are understood with the fundamentals that must be based on them.many strategies that can be applied. combined with various indicators to help read the direction of the market properly and accurately.
the strategies used by you are only basic strategies that can be applied by anyone. It must also be balanced with capital management and risk management, but of course trading will not go well.
Fundamentals also affect, learning to read Fundamentals well will provide a good combination of strategies and more accurate.
Trading is not just a theory, but how you can apply it when trading for real.
If we already understand what has been read in the analysis, it will be easier for us to trade and even be able to apply the strategies that we have, but sometimes this is a lot difficult to understand even beginners who have just entered the world of crypto and in there they just follow what other people say with a lot of use even they only follow a few VIP channels and sometimes there they are just instant, for me this is not a definite experience we have to be able to combine with some of what is understood.
every trader has their own strategy that they think is good and can provide benefits.
many strategies that can be applied. combined with various indicators to help read the direction of the market properly and accurately.
the strategies used by you are only basic strategies that can be applied by anyone. It must also be balanced with capital management and risk management, but of course trading will not go well.
Fundamentals also affect, learning to read Fundamentals well will provide a good combination of strategies and more accurate.
Trading is not just a theory, but how you can apply it when trading for real.
many strategies that can be applied. combined with various indicators to help read the direction of the market properly and accurately.
the strategies used by you are only basic strategies that can be applied by anyone. It must also be balanced with capital management and risk management, but of course trading will not go well.
Fundamentals also affect, learning to read Fundamentals well will provide a good combination of strategies and more accurate.
Trading is not just a theory, but how you can apply it when trading for real.
First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.
This technique has worked for me over the years.
This technique has worked for me over the years.
How on the Green Earth that worked man?
The scenario in 2020-2021 has changed completely mate. The correlation that you are saying no longer works. All the altcoins do follow the same pump as bitcoin do. I mean there is no inverse proportion now a days. If bitcoin is pumping then altcoins are also pumping at the same time.
Moreover there are many many altcoins who don't even rely on the bitcoin movement since they have created their own economic environment and they play within that boundary only.
It could be just your good luck or time when things turned profitable for you. But, you must recheck your strategies beforehand now.
Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.
First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.
This technique has worked for me over the years.
It is a good option of trading but too risky .However when the market behave with you badly you can loose more your funds .I think the strategy helps you luckily but i never did such a trade cause it is likely risky when the both market goes on downtrend you can loose your fund .I think we need to avoid such a kind of strategy cause it will not give you long term profit . This technique has worked for me over the years.
First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.
This technique has worked for me over the years.
What you do is a classic technique, because you are basically buying at a low price and selling at a high price. but what we need to know is that the selection of altcoins is very influential on our profits. so I think that choosing an altcoin requires careful analysisThis technique has worked for me over the years.
Choosing the right project is the firs thing and yes there are lots of patterns that you can choose while investing to
this market, do your research.
Buy low sell high, the basic concept of trading, nobody wants to waste both of their time and money just to do
nothing right?
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