My Trading Strategy - page 3. | Bitcointalksearch.org

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

Quote from: savetheFORUM on March 24, 2022, 04:11:59 AM

Dollar cost averaging, is a really an effective strategy to make use of, but it’s very important that you find the lowest point to make an entry into the market.

Dollar cost averaging isn't about entering the market at its lowest point instead it's a strategy use to avoid putting all your money into a project at ones and then the market declines. If it was about entering the market at the lowest point then there will be no need of dollar averaging your investment. If you get a project at it's lowest point then you just have to buy in and wait for an increased.

Dollar cost averaging your investment gives you an opportunity to buy into the market at every decreased the market experiences and reduce the outcome of you regretting buying at a higher price. Dollar cost average comes in handy because it's uncertain to know the actual bottom of Bitcoin or other cryptocurency of your interest.

darewaller

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Quote from: crzy on March 21, 2022, 04:44:31 PM

Trading strategies should be more flexible in a way that you can change it easily depends on the market situation. Strategies are not perfect at all buy once you have this you can expect to have a more profitable trades since you are doin this on a more responsible and discipline way. Learning should not stop from one strategy only, create more as much as possible and adopt what works for you, losing is very normal.

Not only that you could change them based on the market situation, but you could change them based on your own preference as well. This allows people to see changes even in profit situations as well, rare but it does happen. Why? Because, if you are required to be very quick and in front of the PC for you to profit with certain strategy but you can't be online all the time, you could change it, or if it requires you to be patient for a long time and you can't then you can change it, even though it was profiting you.

Being flexible in trading does help people out a lot and it is one of the most important parts of becoming a trader in the crypto world.

Silberman

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Quote from: DoublerHunter on March 23, 2022, 07:05:25 PM

Quote from: Finestream on March 17, 2022, 07:38:28 PM

Quote from: ?? on ??

That is why traders must find their own strategy in trading and not stop making strategies because the market is constantly changing. Every trader needs to learn more about making strategies or modifying their existing strategies to work according to market conditions.

Always paying attention to the course of the market will provide more information about the market situation so that traders can choose which strategy to use. Maybe it takes more practice to find the right strategy but it's worth it because it can help us use the strategy.

You can feel confident in your strategy, but I hope you don't get too sure because the market can reverse direction instantly.

We may feel comfortable on using our own strategy but building confidence in it is quite hard as the market condition changes from time to time. This is the reason why consistent learning in the market is very vital because it improves not just your knowledge but enhance you skills and strategies as well. And if you can manage the risk in trading the market, that is also an edge to make your strategy works and make you a successful trader.

^ So it means the more you get involved in the market the more that your skills and knowledge will be improved right?
I agree with this matter because as I noticed, the more experience that you have in trading the more skills that you have learned, as they said, experience is the one that brings you into a successful trader. So there is no single strategy that you can maintain to use for a lifetime.

When it comes to trading there are a lot of things you can learn from books but there are just as many that you cannot learn by any other means but by experiencing them, and the only way to gain this experience is to be part of the market, this is one of the many reasons of why taking a high risk strategy is a mistake, those people lose their money so quickly that the lessons they learned from the market are too few and by the time they comeback they have forgotten most of what they learned anyway, which will make them to repeat the same mistakes over and over again.

savetheFORUM

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Quote from: Raymond Gary on March 03, 2022, 10:22:59 AM

"DCA" Dollar cost Average

In this DCA strategy what I do is using lowest X leverage and increasing my leverage as the market continues to have a pull back until my terms are met.

Dollar cost averaging, is a really an effective strategy to make use of, but it’s very important that you find the lowest point to make an entry into the market. Easier said than done, finding the lowest is hard, you’d end up starting at the highest point, maybe when the market is at its peak. It will not be good if you start at high price, so it’s best to wait for the market to drop and then you can start at that point.

Right now, would go be a good point for anyone that really wants to make use of this dollar cost averaging, as the market is now bearish, so you can start investing from now till things start getting bullish and the price of value of the asset you are buying starts to increase.

newdevices

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Quote from: DoublerHunter on March 23, 2022, 07:05:25 PM

Quote from: Finestream on March 17, 2022, 07:38:28 PM

Quote from: ?? on ??

That is why traders must find their own strategy in trading and not stop making strategies because the market is constantly changing. Every trader needs to learn more about making strategies or modifying their existing strategies to work according to market conditions.

Always paying attention to the course of the market will provide more information about the market situation so that traders can choose which strategy to use. Maybe it takes more practice to find the right strategy but it's worth it because it can help us use the strategy.

You can feel confident in your strategy, but I hope you don't get too sure because the market can reverse direction instantly.

We may feel comfortable on using our own strategy but building confidence in it is quite hard as the market condition changes from time to time. This is the reason why consistent learning in the market is very vital because it improves not just your knowledge but enhance you skills and strategies as well. And if you can manage the risk in trading the market, that is also an edge to make your strategy works and make you a successful trader.

^ So it means the more you get involved in the market the more that your skills and knowledge will be improved right?
I agree with this matter because as I noticed, the more experience that you have in trading the more skills that you have learned, as they said, experience is the one that brings you into a successful trader. So there is no single strategy that you can maintain to use for a lifetime.

I agree with that because we can't just theory because when we go in and get involved in the market in some way it will be different,
there must be a balance between theory and practice because they are interrelated too,
Yes, we can get experience if we are involved a lot, besides that, with the mistakes we make, it can be a lesson for us to be better in the future

Benefactor

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There are an excessive number of elements to think about while exchanging, and you can't go with everything, simply the information before you. The best thing is the administration of assumption and chance. I accept the person could have had enough of preparing and exchanging experience and should realize it includes a tradable equilibrium.

DoublerHunter

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Activity: 2590

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Quote from: Finestream on March 17, 2022, 07:38:28 PM

Quote from: ?? on ??

That is why traders must find their own strategy in trading and not stop making strategies because the market is constantly changing. Every trader needs to learn more about making strategies or modifying their existing strategies to work according to market conditions.

Always paying attention to the course of the market will provide more information about the market situation so that traders can choose which strategy to use. Maybe it takes more practice to find the right strategy but it's worth it because it can help us use the strategy.

You can feel confident in your strategy, but I hope you don't get too sure because the market can reverse direction instantly.

We may feel comfortable on using our own strategy but building confidence in it is quite hard as the market condition changes from time to time. This is the reason why consistent learning in the market is very vital because it improves not just your knowledge but enhance you skills and strategies as well. And if you can manage the risk in trading the market, that is also an edge to make your strategy works and make you a successful trader.

^ So it means the more you get involved in the market the more that your skills and knowledge will be improved right?
I agree with this matter because as I noticed, the more experience that you have in trading the more skills that you have learned, as they said, experience is the one that brings you into a successful trader. So there is no single strategy that you can maintain to use for a lifetime.

Kasabus

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Activity: 2814

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Quote from: Ararbermas on March 03, 2022, 01:40:40 PM

True you can gain confidence if you always backtesting because on that way you can see which strategy and what pattern always exist in the history of the market and definitely after that you can build your own system as well, it just required patience and a lot efforts.

Actually most successful traders that i know even they're good already but still they keep back testing after trading, wherein just to see which strategy still accurate and whats their mistakes as well so that they can avoid it in their next day of trading.

DCA and back testing have proved a lot of times that you will never be in a loss at the end of your trades. But in trading, there are no strategies that will always work all the time. No trading strategy is perfect so you have to improve it or even replace it when it seems its not working anymore. However, back testing may gained you confidence but its still not a guarantee that it will always bring successful trades. The trading market is unpredictable due to its constant changes, so traders should always learn to develop new strategies that will continue working on them.

Lanatsa

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Quote from: palle11 on March 23, 2022, 05:32:08 PM

Quote from: hoodahell on March 23, 2022, 09:40:54 AM

Right. Its good to use different trading strategies. All depends on the market and what kind of trader you are. I usually look into signal summary of altfins first and then decide. Most preferred strategies are EMA 26/50, Pullback in Uptrend and Momentum. Go and get inspired by altfins new market highlights or chart patterns, there are always good coins to trade with success.

Pullback sometimes are traps that we don't expect. If you enter a wrong trend then pull back can deceive you to think the market is set to enter. Pull back can be used more for a swing trader on a longtime hours because the market will bounce back to respect the pull back but for scalper and day trader, relying on it can be a trap.

DCA is effective if you do have unlimited funds but we know that unlimited funds do only happens in dreams.lol. Pullbacks or corrections is all we do always wanted but this is something mainly that everything turns out to

be random which means that we do always hesitate on what would really gonna do whether we do accumulate or would just simply standby still and wait for some another good opportunity which you do seem to look at.
Different trading styles could really be effective on different trading moment or conditions but everything would be still on random.

palle11

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Quote from: hoodahell on March 23, 2022, 09:40:54 AM

Right. Its good to use different trading strategies. All depends on the market and what kind of trader you are. I usually look into signal summary of altfins first and then decide. Most preferred strategies are EMA 26/50, Pullback in Uptrend and Momentum. Go and get inspired by altfins new market highlights or chart patterns, there are always good coins to trade with success.

Pullback sometimes are traps that we don't expect. If you enter a wrong trend then pull back can deceive you to think the market is set to enter. Pull back can be used more for a swing trader on a longtime hours because the market will bounce back to respect the pull back but for scalper and day trader, relying on it can be a trap.

hoodahell

newbie

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Right. Its good to use different trading strategies. All depends on the market and what kind of trader you are. I usually look into signal summary of altfins first and then decide. Most preferred strategies are EMA 26/50, Pullback in Uptrend and Momentum. Go and get inspired by altfins new market highlights or chart patterns, there are always good coins to trade with success.

tvplus006

legendary

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To the Moon

Quote from: Silberman on March 21, 2022, 03:25:50 PM

There is nothing that will help you more to feel comfortable and confident on your strategy than to keep learning, and the reason for this is simple, once you finally discover how to make a winning strategy one thing you will find out us that it becomes incredibly easy to design other winning strategies, and if you keep comparing the performance of your strategy against other strategies you have designed and your strategy keeps being the one that earns the more money then the more confidence you will develop on it.

Every trader has his own trading strategy, this also applies to beginners who do not yet know what it is. And each trader changes his trading strategy as he learns more theory about trading and, accordingly, practice. So you should not be afraid to change your trading strategy in an effort to get more profit.

crzy

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Quote from: Vaculin on March 21, 2022, 04:29:18 PM

No strategies are perfect as they said. They are all subject for success and losses as well. But how you handle your strategies create its difference. If you find yourself consistently learning in developing your own strategy and master it, that will be your edge towards the market. And definitely, your experience will tell it all if your strategy is worth to keep or need to be replace. However, its not just a good strategy that will make you a successful trader, your right attitude towards losses matters too. Losing will always be a part of trading, so embrace it instead and learn from them.

Trading strategies should be more flexible in a way that you can change it easily depends on the market situation. Strategies are not perfect at all buy once you have this you can expect to have a more profitable trades since you are doin this on a more responsible and discipline way. Learning should not stop from one strategy only, create more as much as possible and adopt what works for you, losing is very normal.

Vaculin

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Activity: 2912

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Quote from: Viscore on March 10, 2022, 04:14:32 AM

Quote from: Raymond Gary on March 03, 2022, 10:22:59 AM

For many years of trading ,I have been looking for the perfect trading strategy , but I came to realize that there's no perfect trading strategy but you can create a rule base strategy that works when you decipline yourself and follow the rules even if at the end of your analysis and it finally becomes a lose trade, you're gonna be fine because you followed the rules base system you set for yourself and not trying to beat or out smart the market.
It is known that no one can actually predict the market but we can only react to the current market situation.

Actually, there is no right or wrong stategies. It all depends on your personality and interest. I believe that there is no single strategy that can be successful at all times, because no matter what you do there will be drawdowns. As a trader when looking for a succesful trading strategy, it is important to educate yourself constantly. Do a lot of backtest and find out which strategies is sustainable in a long run.

And as no one can predict how the market behave, it is important to know how you handle your strategies, your rules and style for different type of scenarios in order for you to become a successful trader. Keep learning. Wink

No strategies are perfect as they said. They are all subject for success and losses as well. But how you handle your strategies create its difference. If you find yourself consistently learning in developing your own strategy and master it, that will be your edge towards the market. And definitely, your experience will tell it all if your strategy is worth to keep or need to be replace. However, its not just a good strategy that will make you a successful trader, your right attitude towards losses matters too. Losing will always be a part of trading, so embrace it instead and learn from them.

Silberman

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Quote from: Finestream on March 17, 2022, 07:38:28 PM

Quote from: ?? on ??

That is why traders must find their own strategy in trading and not stop making strategies because the market is constantly changing. Every trader needs to learn more about making strategies or modifying their existing strategies to work according to market conditions.

Always paying attention to the course of the market will provide more information about the market situation so that traders can choose which strategy to use. Maybe it takes more practice to find the right strategy but it's worth it because it can help us use the strategy.

You can feel confident in your strategy, but I hope you don't get too sure because the market can reverse direction instantly.

We may feel comfortable on using our own strategy but building confidence in it is quite hard as the market condition changes from time to time. This is the reason why consistent learning in the market is very vital because it improves not just your knowledge but enhance you skills and strategies as well. And if you can manage the risk in trading the market, that is also an edge to make your strategy works and make you a successful trader.

There is nothing that will help you more to feel comfortable and confident on your strategy than to keep learning, and the reason for this is simple, once you finally discover how to make a winning strategy one thing you will find out us that it becomes incredibly easy to design other winning strategies, and if you keep comparing the performance of your strategy against other strategies you have designed and your strategy keeps being the one that earns the more money then the more confidence you will develop on it.

Finestream

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Quote from: ?? on ??

That is why traders must find their own strategy in trading and not stop making strategies because the market is constantly changing. Every trader needs to learn more about making strategies or modifying their existing strategies to work according to market conditions.

Always paying attention to the course of the market will provide more information about the market situation so that traders can choose which strategy to use. Maybe it takes more practice to find the right strategy but it's worth it because it can help us use the strategy.

You can feel confident in your strategy, but I hope you don't get too sure because the market can reverse direction instantly.

We may feel comfortable on using our own strategy but building confidence in it is quite hard as the market condition changes from time to time. This is the reason why consistent learning in the market is very vital because it improves not just your knowledge but enhance you skills and strategies as well. And if you can manage the risk in trading the market, that is also an edge to make your strategy works and make you a successful trader.

Silberman

legendary

Activity: 2534

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Quote from: Natalim on March 14, 2022, 06:37:17 PM

Quote from: usekevin on March 14, 2022, 05:12:00 PM

Not only Forex traders had strategy.The most of binance traders also had a strategic trade.The fundamental events for the crypto trading is very sinple, buy at low and sell at high.This will change, when you come to the cryto day trading.Their margin profit will be low in the crypto trading.Day trading was a trading made buy and sell on the same day of circle.Popular trading of crypto trading was a bitcoin and you get good profit from bitcoin.

I see no big difference between forex trading vs crypto trading as they both require deep understanding, and the only difference that this crypto has is it consists of high volatility. And with the help of this volatile nature of crypto, it even helps us to gain more, however, on the other side, it was riskier and even cost a lot for newcomers.
Trading strategies are the last tool that helps a lot and we need to be sure to have one that is effective or else, losses are absolutely we get.

I agree, even if bitcoin is a very different asset when compared to stocks the same forces that move all markets are present here, and with this in mind the same techniques that succeed in the stock market should be effective here, now it is true that the volatility of bitcoin is many times greater than what we can see in the stock market, however a good trading strategy should have already a way to reduce your risk when dealing with assets with higher volatility, so that is a nonissue.

Rengga Jati

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Quote from: Raymond Gary on March 03, 2022, 10:22:59 AM

For many years of trading ,I have been looking for the perfect trading strategy , but I came to realize that there's no perfect trading strategy but you can create a rule based strategy that works when you decipline yourself

Exactly, I ever thought about my trading is the best one for me, most suitable and perfect for me myself because it really gave me many profits continuously in several trading pairs. However one day, I lost much also because of that trading strategy. I thought about what was wrong with the strategy. And I realized that none is perfect. I should always do some more analysis every time when going to implement the trading strategy because sometimes, the market can change very easily. No matter how perfect we set the strategy, sometimes, it doesn't meet with reality. But at least, we know what's wrong with strategy and we can evaluate our strategy again.
We are also aware that successful trading doesn't only need a good strategy but also other factors that support it as you said. And of course, the management of risk and funds will also support the success of the strategy, including how we can manage our emotion very well.

Quote from: Raymond Gary on March 03, 2022, 10:22:59 AM

F"DCA" Dollar cost Average

IMO, this is good enough for implementation, moreover if we are going to do the holding, especially for Bitcoin. At least, it works fro me, but once more, not saying that this is also a perfect trading strategy

BuNga_cute

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Quote from: FanEagle on March 11, 2022, 12:09:04 PM

Quote from: newdevices on March 11, 2022, 04:58:48 AM

Quote from: worle1bm on March 11, 2022, 02:17:34 AM

Really good that you have developed strategies working for you and also giving out returns to you but the thing is it might be successful for you but for others it could not give the same output as we all have different methods to trade in the market.I will say there is no such single perfect strategy that works completely fine with everybody so if you have made one for yourself then it's good.

Like for some spreading out the investments if good while others simply try to hold it for long term with some good coins like btc so we all have choices which develops our trading habits.

Yes and definitely it is not something easy to find a suitable trading strategy for ourselves,
to find it I think it takes time and keep trying because if we just stay quiet and don't try it will be difficult,
your trade is your journey so don't try to copy what others are doing because it may not work for you

Try to find one that you could customize to your liking. You do not have to apply someone elses strategy one to one to yourself because that person is a different person than you. This means that something that works for that person, may not be working for you because you are just different and your approach is different and your goals are different, your talents are different, your desires are different and many other things.

All in all finding one that would fit perfectly for you would be very difficult, not impossible but very difficult. So, just find something that is "close" to what you can like, and try to customize it to your own liking.

Everyone has different analytical skills, different emotional control and even must have different capital. So we can't follow the strategies that
other people use exactly, just follow the part that we think fits the situation we are facing. Even if we use the same strategy as everyone else,
the results obtained will be different. So use our creativity to change in some parts the strategies that other people use to be more effective
for us to use. The trading experience that we have passed will teach us to find the strategy that suits our needs, therefore there is no need
to panic if we experience losses when trading, because of these losses we can learn the mistakes we made. So we can find a suitable strategy
for us to use, in order to avoid the same mistakes and can generate effective profits for us.

Natalim

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Activity: 2898

Merit: 590

BTC to the MOON in 2019

Quote from: usekevin on March 14, 2022, 05:12:00 PM

Not only Forex traders had strategy.The most of binance traders also had a strategic trade.The fundamental events for the crypto trading is very sinple, buy at low and sell at high.This will change, when you come to the cryto day trading.Their margin profit will be low in the crypto trading.Day trading was a trading made buy and sell on the same day of circle.Popular trading of crypto trading was a bitcoin and you get good profit from bitcoin.

I see no big difference between forex trading vs crypto trading as they both require deep understanding, and the only difference that this crypto has is it consists of high volatility. And with the help of this volatile nature of crypto, it even helps us to gain more, however, on the other side, it was riskier and even cost a lot for newcomers.
Trading strategies are the last tool that helps a lot and we need to be sure to have one that is effective or else, losses are absolutely we get.

Topic: My Trading Strategy - page 3. (Read 744 times)