My trading strategies - page 6. | Bitcointalksearch.org

teosanru

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Quote from: bitgolden on April 21, 2021, 08:01:47 PM

Quote from: teosanru on April 21, 2021, 04:22:39 PM

I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same?

I am seeing lots of people are trying to make use of the metric of bitcoin dominance but not sure about their success ratio. An altcoin is rise or fall definitely not linked with bitcoin nor with bitcoin dominance measurement but what technical and investor sentiment imply. Having strategy of trading altcoins in opposite direction of bitcoin markets sounds crazy IMO as well.

~snip

Actually yes as well as no. Obviously bitcoin dominance is not any price action it's just an indicator created by people. But it's not against the market instead it's towards the market. Bitcoin dominance indirectly takes in consideration prices of all the coins as it's calculated through market capitalisation. It's based on the old market principle in crypto that when btc rises alts stay around or crash and don't rise with same pace but when btc falls alts fall even harder. Alts rise when btc stabilizes. Bitcoin dominance is a lagging indicator which helps tell us that bitcoin is stable while alts are moving.

Quote from: Reid on April 21, 2021, 11:47:16 PM

Quote from: teosanru on April 21, 2021, 04:22:39 PM

How do you decide which alts to buy? These days I have seen top alts like ether just follow the chart of Bitcoin and behave differently from other alts. So do you buy smaller alts in this situation? Moreover how do your predict that this is enough down? I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same? But I still doubt how much profitable you have been just by following this strategy and nothing else.

It's difficult to look for an altcoin that behaves like that.
Alts have their own market and Bitcoin is mostly paired by traders now with stablecoins for safety.
So, to find one altcoin that moves with regards to Bitcoin fluctuation is like finding a needle in the haystack.
Sure, they are dumped now when bitcoin was dumped but there is no assurance that it's just because of that. There may be different reasons behind it.

Believing is not easy especially when there is no proof presented by the OP. I also have doubts about it.

If you've any doubt about this check out charts of almost top 20 coins paired with stable coins just 3 weeks back. You would see almost all the coins had exactly similar charts in USDT it was just a difference of timmings in all the charts OP tries to catch that timming. It sounds difficult but not impossible.

rosebrand

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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.

Reid

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Quote from: teosanru on April 21, 2021, 04:22:39 PM

How do you decide which alts to buy? These days I have seen top alts like ether just follow the chart of Bitcoin and behave differently from other alts. So do you buy smaller alts in this situation? Moreover how do your predict that this is enough down? I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same? But I still doubt how much profitable you have been just by following this strategy and nothing else.

It's difficult to look for an altcoin that behaves like that.
Alts have their own market and Bitcoin is mostly paired by traders now with stablecoins for safety.
So, to find one altcoin that moves with regards to Bitcoin fluctuation is like finding a needle in the haystack.
Sure, they are dumped now when bitcoin was dumped but there is no assurance that it's just because of that. There may be different reasons behind it.

Believing is not easy especially when there is no proof presented by the OP. I also have doubts about it.

bitgolden

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Quote from: teosanru on April 21, 2021, 04:22:39 PM

I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same?

I am seeing lots of people are trying to make use of the metric of bitcoin dominance but not sure about their success ratio. An altcoin is rise or fall definitely not linked with bitcoin nor with bitcoin dominance measurement but what technical and investor sentiment imply. Having strategy of trading altcoins in opposite direction of bitcoin markets sounds crazy IMO as well.

Quote from: Insanerman on April 21, 2021, 04:08:15 PM

Understanding Bitcoin dominance could really help you out on what market you could enter at the specific period of time, but not really that effective if you were to trade with leverage or scalp coins.

Could you please enlighten me how and why it will not be effective against leveraged trading? In my understanding a strategy cannot do anything with leverage trading. Scalping is based on very short term trend which will not be effective against bitcoin dominance based trading? I guess I must learn more on this.

teosanru

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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.

How do you decide which alts to buy? These days I have seen top alts like ether just follow the chart of Bitcoin and behave differently from other alts. So do you buy smaller alts in this situation? Moreover how do your predict that this is enough down? I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same? But I still doubt how much profitable you have been just by following this strategy and nothing else.

Insanerman

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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.

That's just the plain basic strategies dude. It is common as we all know what would be the effect of Bitcoin dominance to the price of overall market. Also, it is only applicable to strong alts like ETH, XMR, XRP, as they sometimes move towards the opposite side of the trend of bitcoin. Understanding Bitcoin dominance could really help you out on what market you could enter at the specific period of time, but not really that effective if you were to trade with leverage or scalp coins.

tbterryboy

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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.

That’s a really good technique as long as you know how you’re going to be using the right way, but if you don’t it’s not going to be working.

The technique wouldn’t work if you’re making use of the top altcoins, because those ones are always following bitcoin on every move, and that means you wouldn’t catch them like this. You can only be doing this with altcoins that has no association in their price movement, and at that you will have to be very careful with the coins you choose, so you don’t buy a coin that will fall and not recover again.

btc78

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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.

Buy Low Sell High so what's new on this trading strategy? are you referring to be the only one who does this trading style ?
Actually i can relate on your post because i also bagged some altcoins back last March 2020 when the market falls together with Bitcoin and one of those? that is Dogecoin lol.

having 400% growth is really bringing me best income ever in my entire career here in crypto.

elisabetheva

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Quote from: sayaya17 on April 20, 2021, 02:21:30 PM

Buying altcoins at the lowest price was excellent. Buy it when it is not in the altcoin season as it is now, where altcoins are already in a high state.
But I'm going to do it on certain altcoins that have good fundamentals. But it is safer for me to trade altcoins in a short time. It can be daily or
three days to a week to take profit. And buy back altcoins at a price correction.

currently it is in alt season so I totally agree to do short trades on altcoins whose movements are active because if they are active we will get the difference from that movement. especially when the price is down, of course we can buy it and when it goes up and it is worth selling just do it, then do it with other altcoins, because this opportunity is perfect for doing what you say.

Kong Hey Pakboy

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Quote from: Yatsan on April 20, 2021, 10:51:06 AM

Well, such strategy can work sometimes and it seems the OP have already proven that to be working on his favor. But the market movement is not always into that pattern that when the price of Bitcoin rises, the Altcoins do dump and vice versa. Maybe there might be times that such strategy will work out but not all the time. It will still be depending on the trader himself on how he will get along with the market to work against odds and make things work on his favor since we manageably work on how we can turn things into opportunity whether the state of the market is on a dump or pump side.

We need more proof because this might be an isolated case and I don't think that it wouldn't hurt if someone were to try what OP did. I do agree with what @Yatsan says here, it might work now but it isn't a foolproof strategy, you still have to watch out for some signs and most of them do not work well with OP's strategy.

Ararbermas

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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.

basic technique can actually give you profits afterwards if you will put more efforts in it, especially when both crypto has a different direction..wherein a perfect timing to trade. Because at that point you can actually keep alts in your portfolio until you earn a lot while there's a potential to grow..

Then of course you should jump to BTC when it rose after the downtrend..because just like what i said earlier when they have opposite direction expect alternative coins will gradually turn to red and bearish season will come after.. indeed its like what always happened..
It requires time and efforts when it comes monitoring the growth rate but.. Its worth it after all.

isaac_clarke22

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Quote from: Yatsan on April 20, 2021, 10:51:06 AM

~

This and people complaining that they instantly stop loss just because their strategy didn't work.
It happens differently to different people.
I recall back when I traded and I just followed what was on the screen when I watched Youtube tutorials back then.
It didn't work in my end because the video was 2 months old.

tygeade

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Quote from: kopijos on April 20, 2021, 06:11:21 PM

My advice is to stick to that position if it's profitable for you. because we know everyone has a different success strategy, if it is appropriate then do it well and do it according to your trading strategy procedures.

Different people are following different strategies and hence their success also in different levels. I agree we must follow and stick within a methodology of trading which is profitable for us. There will be no point of keep trying something which is not suitable for our risk management principles.

When you are profitable in trading then you may continue with it and when you are profitable with one particular strategy then sticking with that will not disappoint you. But, trying out new things at affordable limit will maximize our survival possibilities.

Sled

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Bitcoin- in bullish time

Quote from: kopijos on April 20, 2021, 06:11:21 PM

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.

My advice is to stick to that position if it's profitable for you. because we know everyone has a different success strategy, if it is appropriate then do it well and do it according to your trading strategy procedures.

Plans and strategies will often change depending on the market situation and sometimes it happens that most people are in holding as their crypto are also in the dump. And some also unable to hold it longer and sell it even though they are at loss.
What OP did is a great adventure in the market and knowing the market position and his analysis worth great compared to others, and most likely, this person has a strong determination to reach his goal in no specific time.

kopijos

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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.

My advice is to stick to that position if it's profitable for you. because we know everyone has a different success strategy, if it is appropriate then do it well and do it according to your trading strategy procedures.

Lanatsa

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Quote from: Hypnosis00 on April 20, 2021, 04:57:13 PM

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.

You're not in trading, honestly. You are just an investor. These two are different, you'd find it wrong to call yourself.

Anyway, never mind it. Your strategy had been a practice for a long time ago and it still exists until the present times. This is simply to say that this strategy is really working and you have proved it. Nevertheless, choosing the coins to buy is somewhat important and it should be those coins that are more volatile considering that the price keeps moving up and down.

People do really had different approach between investing and trading where the duration do really differs and you can eventually tell but somehow it do involved buy and sell

on a particular level depending on your own trading decision on when to enter and on when to get out which does simply shows the act of trading that's why some people would
really have these kind of thoughts.

Thing here is that you do know on what youre doing and as long you can make yourself sustainable then that what matter most.

Hypnosis00

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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.

You're not in trading, honestly. You are just an investor. These two are different, you'd find it wrong to call yourself.

Anyway, never mind it. Your strategy had been a practice for a long time ago and it still exists until the present times. This is simply to say that this strategy is really working and you have proved it. Nevertheless, choosing the coins to buy is somewhat important and it should be those coins that are more volatile considering that the price keeps moving up and down.

darewaller

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Quote from: sayaya17 on April 20, 2021, 02:21:30 PM

it is safer for me to trade altcoins in a short time. It can be daily or three days to a week to take profit. And buy back altcoins at a price correction.

So, within maximum of three days holding, you will be able to see gains on your coins and you are booking profits? How often you are doing? On every weeks? When you are making use of fundamentals more appropriately then I guess there would be plenty of chances for you to be sustaining with your strategy.

But, you must work on technical analysis as well because, you cannot expect always do trade within a range so that you could easily predict the end points of market turning.

sayaya17

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Buying altcoins at the lowest price was excellent. Buy it when it is not in the altcoin season as it is now, where altcoins are already in a high state.
But I'm going to do it on certain altcoins that have good fundamentals. But it is safer for me to trade altcoins in a short time. It can be daily or
three days to a week to take profit. And buy back altcoins at a price correction.

wiss19

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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.

So, right now you are trading bitcoin or altcoins? Because, I am seeing except dogecoins all other coins were falling yesterday and today even dogecoins also joining the bearish trend. As per your strategy, when bitcoin is falling, altcoins needs to be into bull trend but I am not seeing anything like that which includes ethereum as well. So, I am just curious to know what you are buying and what you are shorting right now.

Topic: My trading strategies - page 6. (Read 1354 times)