My trading strategies - page 5. | Bitcointalksearch.org

velive08

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Quote from: MrcMrc on April 16, 2021, 06:10:22 PM

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 analysis

Oceat

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Quote from: Issa56 on April 25, 2021, 04:29:09 PM

I believe trading is not what you can just jump in and believe you will definitely start making money there are some basic things you need to know before you start trading to avoid lost of funds, every trader has his/her strategy which they use you don't have to follow what others do just look for the method that best works for you and you are good to go. The easiest method of trading which I know is buying a coin when the price is low and selling when the price is high and that's the most common ways of trading.

I also believe that this is what actually OP do in order to gain some profit but this doesn't mean that their strategy gonna work out the same to you. We just have to find out about it ourselves on how we could deal with this market especially when its volatility is moving unexpectedly up and down.

And I also believe that some of the post above me is worth trying if you really want to get profit and it's just your very first try in the market. The common things people do when trading is to buy low and sell high, that's it but if you want to step up your game and wanted to make gains from the market, I advise you to do some research first, read everything you need and practice it on a demo account.

Issa56

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I believe trading is not what you can just jump in and believe you will definitely start making money there are some basic things you need to know before you start trading to avoid lost of funds, every trader has his/her strategy which they use you don't have to follow what others do just look for the method that best works for you and you are good to go. The easiest method of trading which I know is buying a coin when the price is low and selling when the price is high and that's the most common ways of trading.

fullhdpixel

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Quote from: wxa7115 on April 25, 2021, 12:50:13 PM

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.

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.

Alisha-k

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Quote from: MrcMrc on April 16, 2021, 06:10:22 PM

<•••>

Trading isn't gambling as such we don't just judge the movement of the coins by mere assumption or imagination. You need to star down a strategy that has obeyed the market overtime. What do you analyze the market with is it candlestick, support and resistance trendline or indicators. Using this isolatively wouldn't even give you a better analysis you still have to combine them together to see a better picture of where the market is going

wxa7115

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Quote from: so98nn on April 18, 2021, 12:37:55 AM

Quote from: MrcMrc on April 16, 2021, 06:10:22 PM

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.

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.

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.

Emitdama

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Quote from: lalabotax on April 24, 2021, 05:55:14 PM

Every strategy may not work in everybody's effort. Sometimes, what you are doing may not work for me and maybe also vice versa. That is why I am always sure that what I am doing right now is the best for me, based on my own research.

This has happened to me many times like even some well known strategy which was working for me suddenly got me losses and when I checked with my friends, they also had similar scenarios. Crypto market is a continuously changing one hence there will be no wonder on seeing strategies are differing over the time. We need to accept and change strategies time to time, no other go.

Quote from: lalabotax on April 24, 2021, 05:55:14 PM

of course, I get it from some considerations gained from several strategies, news, opinions, and also analysis by others.

What kind of considerations? I could not get. You mean signals? If it is, I guess you must be doing good. Because making use of news and other analysis will be good but we should not always rely on them.

lalabotax

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Actually, every trader has their own ways and strategy to make them get the profits or doing the trading. Every strategy may not work in everybody's effort. Sometimes, what you are doing may not work for me and maybe also vice versa. That is why I am always sure that what I am doing right now is the best for me, based on my own research. And of course, I get it from some considerations gained from several strategies, news, opinions, and also analysis by others.

sana54210

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Quote from: Ridwan Fauzi on April 24, 2021, 02:00:27 PM

I'll devide my fund first to buy an altcoin when bitcoin price up and buy bitcoin when its price starting to increase. So as when bitcoin price make a sideaway market or even fall I'll start to sell bitcoin and move all my fund into altcoin. So as I'll get double profit from trading bitcoin and altcoin. But, usually I'll choose top altcoin to do that and find an altcoin that has a good fundamental factor because the movement price will be more volatile.

You're sounding like too time effective to multiply your holding. I just wonder because I am unable to predict exactly all the times when bitcoin will be into sideways compared to predicting whenever bitcoin gets into bullish/bearish trend. I guess I must work on technical which are getting me accurate prediction about bitcoin's sideways movements.

Developing a strategy and then testing it in real time will help any trader to make profits regardless of bitcoin is moving upward or downward. Because, our strategies is the biggest tool in trading which should withstand against all market conditions so that we never need to worry about the trend of bitcoin markets.

Ridwan Fauzi

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Everyone will have their own strategy at least the strategy that can repeat to get profit that they wanted. Also, your strategy is become familiar previously, many people or trader have known that when bitcoin price up then the altcoin market will make the opposite. This situation can be used by most people to gain profit especially for retail investor.

Including me who has done this strategy for several years ago. But different with your strategy I'll devide my fund first to buy an altcoin when bitcoin price up and buy bitcoin when its price starting to increase. So as when bitcoin price make a sideaway market or even fall I'll start to sell bitcoin and move all my fund into altcoin. So as I'll get double profit from trading bitcoin and altcoin. But, usually I'll choose top altcoin to do that and find an altcoin that has a good fundamental factor because the movement price will be more volatile.

SirLancelot

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Quote from: el kaka22 on April 24, 2021, 01:17:40 AM

I guess long term is a deal for everyone, it helps you make a profit. While the ups and downs create a big problem for the day traders who get super excited by even 100 dollar increase in bitcoin due to being in 150x leverage or a 100$ drop make them go crazy upset because of the same reason, we are all here like "what? dropped another 5k? that's fine it will go up 10k in a year anyway" and not be bothered by it.

I am so glad that I got into bitcoin right at the nick of time, I would have never bought into it now, but since I got into it under 10k I bought some and have been keeping it at profit for over a year now. This way I do not care if it is 50k or 60k, that is not my money, it is my profit, and yeah sure I could have taken it out if I wanted to, but why would I want that, I can just wait for few more years and take out in 100k+ anyway so it is all fine.

Long term has always been the way to go, I don’t go for day trading because I already know that I am not all that good at that and if I should try it, I am definitely going to be losing money about 90% of the time that I trade. So I just stay clear from it and not try taking the risk. Long term Hodl has been the game for me and it always works as long as I am able to have that patience for the market to grow. Everyone has what does the magic for them ,and some people don’t want to be waiting a long time, so short term or day trading is it for them.

el kaka22

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Quote from: Dannaey on April 23, 2021, 11:31:57 AM

I like your strategy. We are a bit similar. I am a long term trader also, many called it as a long-term investor. So when the market is down, I buy all the coins that I found good in terms of my fundamental analysis. I buy Bitcoin and other coins that I think will grow exponentially over a long period. I don’t usually sell all my coins every time it increases in value. I just sell a portion and retain a large portion of it for future investment.

I guess long term is a deal for everyone, it helps you make a profit. While the ups and downs create a big problem for the day traders who get super excited by even 100 dollar increase in bitcoin due to being in 150x leverage or a 100$ drop make them go crazy upset because of the same reason, we are all here like "what? dropped another 5k? that's fine it will go up 10k in a year anyway" and not be bothered by it.

I am so glad that I got into bitcoin right at the nick of time, I would have never bought into it now, but since I got into it under 10k I bought some and have been keeping it at profit for over a year now. This way I do not care if it is 50k or 60k, that is not my money, it is my profit, and yeah sure I could have taken it out if I wanted to, but why would I want that, I can just wait for few more years and take out in 100k+ anyway so it is all fine.

MURONDI

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Quote from: MrcMrc on April 16, 2021, 06:10:22 PM

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.

bitcoin's current value is good, so it has a good impact on your trading, but what if the value of bitcoin drops continuously, of course you will lose in USD value, most traders usually use stablecoins as a benchmark, I feel that the price of altcoin follows bitcoin more often than against.

Lordhermes

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I always buy Altcoins when I see the up-down price of Bitcoin. When Bitcoin goes down, the maximum coin goes down. Then I can make 20%-30% profit in a few days.
But lately, I prefer to hold. If you hold, it is possible to make several times profit.

I have rather prefer to get my gain in the future than in two days time, I noticed I have never become rich when performing day trading, I quickly stopped to be taking my profit all the time, also, I have now choose to lock my coin for 6 months not just because I want to get APY percentage but because I want to hodl for a long time while making my profit.

death69

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The market does not always generate same deportment. Sometimes, it changes, sometimes, it does do the same react. It may turn to another way which might perplex traders. But if you keep winning with your strategy, you can continue to follow your strategy. To be honest, I admire to anyone who has a decent income in trading.

The main point which leads you to success in trading, above everything, is money management. If you are able to learn this skill, you will master every market you run into. Do not trade oversize or foolishly enter an order which goes against your rules.

I believe you can do this. There is no definition of trader. Perhaps, in your own mind, you are a real trader

SirLancelot

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Quote from: MrcMrc on April 16, 2021, 06:10:22 PM

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.

It may be a good strategy but it doesn’t work all the time, there are times you’re going to be very confused by the market , because there are times it’s not going to work as you planned and the whole market, both BTC and Alts, will be going up or down at the same time. When BTC is going down and altcoins are going up, if you wait for some time and make profit with altcoins you can sell them to invest in bitcoin at the lower rate and then wait for it to start going up again, and it does you also sell it.

Dannaey

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I like your strategy. We are a bit similar. I am a long term trader also, many called it as a long-term investor. So when the market is down, I buy all the coins that I found good in terms of my fundamental analysis. I buy Bitcoin and other coins that I think will grow exponentially over a long period. I don’t usually sell all my coins every time it increases in value. I just sell a portion and retain a large portion of it for future investment.

jaberwock

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Quote from: teosanru on April 22, 2021, 05:03:45 PM

Bitcoin dominance is a lagging indicator which helps tell us that bitcoin is stable while alts are moving.

Even it is a lagging indicator, I am seeing it is more famous among crypto trader for some reasons. I mean it is famous because it is useful and effective. Traders just need some efficient info (to determine like where altcoins are heading based on bitcoin markets etc) on current trend of crypto markets and I believe which is possible through bitcoin dominance metric. Honestly I never tried trading altcoins with respect to bitcoin markets because I am always believing into P&D for altcoins hence where high volumes happens, that must be the better coin to trade in short term.

awik p

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thankful that you have a technique that can still be used today. In such a situation, we must be able to work smart at reading opportunities, for now I can only carry out trading strategies technically, while fundamentally I have not mastered it. so that sometimes floating happens

Questat

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Quote from: rosebrand on April 22, 2021, 03:06:42 AM

On a serious note your trading strategy Is really good and simple that even a a newbie can also use same strategy easily and also be successful as well, your strategy follows the law of trading which is buy low and sell high. Buying low and selling high is the easiest way to make profit with less risk applied, but at same time this trade can play with your emotions making you not to take the right decision at the right time, most times you can enter a trade at its deep and it keeps going deep, placing a trade isn't the main focus but the action you take after after your order is picked is what makes your trade profitable.

It finds old but very effective, though.
This is a common practice to everyone, I think and this still exists until the present despite having a new trading tool now. And having a good choice of the coin to buy (probably not shitcoins) increase our chance to double our money or even more. For now that the market seems so tricky, we need to be resourceful in choosing them and I stopped looking for a very cheap coins but I look after those who have a good/huge trading volume.

Topic: My trading strategies - page 5. (Read 1354 times)