Topic: My Trading Strategy - page 4. (Read 744 times)
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.
The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.
Well stop loss is very important in trading because it minimizes your loss when there is.High leverage trading means high risk which is I avoided since I was in trading, new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all.
In fact, there is no accurate trading strategies --it matters always your luck or if you know how to manage the market situation there could ehb a profit.
There is absolutely nothing that could be done about this, I would suggest that the best way to approach stop loss is being online and checking your levels.
The history is surprisingly similar, but the results are different every time. Just like the strength of this rebound does not feel like a strong rebound after the decline in the past few months, the strategy must also start to change.
Keep shitposting until you eventually get your account banned.@OP, there's nothing wrong in DCA-ing on an asset. Though the asset has to be one that you trust to the extent you know it will rebound despite its dip. Otherwise, it's best to chicken out on a trade/investment you're hodling when the dip isn't severe. It's not all assets one should do a DCA on. That's my point. Again, it's good you rightly acknowledged it that there's no holy grail in trading; there's no perfect strategy anywhere.
Forex trading strategies are techniques used by forex traders to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis or news based fundamental events.
Nothing says one can't use Forex trading ideas and strategies in crypto trading too.
Forex trading strategies are techniques used by forex traders to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis or news based fundamental events.
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,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.
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
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.
Perhaps, you did it great. Not all traders had found already their working strategy, some just copy other works as they think it will work for them as well. It is so encouraging and even for me, I was not able to make it easy, I'd suffer many losses until I found strategies that really profitable. And I think that it also happen to you as well. Most of the time we come into trial and error in order to know what strategies would work but seems surprising to see that not all the time it works then. I've noticed it is totally depends on the market situation.
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,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.
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
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.
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.
Your strategy looks great but practically isn't viable for multiple reasons. The first assumption for this to happen is the very volatile market is there which is actually giving big rises and drops because market retraces nicely only after a sudden drop or rise, it won't necessarily do it if it goes slowly to the point. The second problem is that you are not considering the cost of funding you will have to pay when you are waiting for the market to come down to 35k, it can take a day, two days or maybe even a week, Will the profit from the trade be able to justify the funding cost you have spent for holding the trade? Third problem is no SL, let's say it is a very bad day and market just keeps on falling, what is the end point you are keeping? What is the insurance for your liquidation point? In case you hit just one liquidation point in blue moon your whole capital is ruined.
The main point is, since the market is volatile, how certain are you that the market will really be going down as you keep on making use of this dollar cost averaging.? So investing at 40K, you are not even sure whether the market will start dropping from there or if it will go from the $40,000 to $50,000, which at that point would be a miss for you.At that time it would have been best that you got in at once at the price of $40,000, unless you are a trader who have plans to HODL for a long term. But going for a short term period, I think going all in at once might be a better option if you are top in point a better market price.
The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.
Well stop loss is very important in trading because it minimizes your loss when there is.High leverage trading means high risk which is I avoided since I was in trading, new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all.
In fact, there is no accurate trading strategies --it matters always your luck or if you know how to manage the market situation there could ehb a profit.
There is absolutely nothing that could be done about this, I would suggest that the best way to approach stop loss is being online and checking your levels.
Your strategy looks great but practically isn't viable for multiple reasons. The first assumption for this to happen is the very volatile market is there which is actually giving big rises and drops because market retraces nicely only after a sudden drop or rise, it won't necessarily do it if it goes slowly to the point. The second problem is that you are not considering the cost of funding you will have to pay when you are waiting for the market to come down to 35k, it can take a day, two days or maybe even a week, Will the profit from the trade be able to justify the funding cost you have spent for holding the trade? Third problem is no SL, let's say it is a very bad day and market just keeps on falling, what is the end point you are keeping? What is the insurance for your liquidation point? In case you hit just one liquidation point in blue moon your whole capital is ruined.
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.It is known that no one can actually predict the market but we can only react to the current market situation.
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.
...new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all...
Such traders are actually players for whom it does not matter whether they trade on the stock exchange or place bets in the casino. They are willing to risk their deposit to win the maximum profit, but as a rule they lose their money completely.
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.
Well to me I think there are wrong strategies and those are the strategies that make you lose more often or if the strategy doesn't let you win any of your trades while the right strategy is when you make more profit than your losses. Before we can figure out which strategy is working and not working, it is important to test them out for some time just be sure and don't judge the strategy too quickly and replace it because you could lose a good one. 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.
No one can predict the market but each of us has their own sense that they follow, someone can share his start based on his own instincts but you might disagree with it and you can blame him if you lose.
...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. ..
The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.
There are few ways that we trade that are not right. They are just time waiting for a strike on the account and any little opposite direction , the account is out. Increase of leverage is a fast killer. Trading is suppose to be slow pace and gradually you get your cup filled but if you rush you may lo lose all. Trading with out a stop loss mechanism is another factor.
...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. ..
The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.
High leverage trading means high risk which is I avoided since I was in trading, new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all.
In fact, there is no accurate trading strategies --it matters always your luck or if you know how to manage the market situation there could ehb a profit.
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.It is known that no one can actually predict the market but we can only react to the current market situation.
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.
It is quite encouraging why others got a huge profit but first, we have to ask ourselves then if we can do the same as what they do. And the answer is maybe yes or no. Everything relies on us personally, no matter what strategies we are using for as long as it works find and profiting, I guess we have to sustain it and make use of this until the end.
...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. ..
The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.
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.It is known that no one can actually predict the market but we can only react to the current market situation.
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.
When you are disciplined and proactive on following your own predetermined set of rules and timing then definitely you will be getting better chances to make profits rather than losing and regretting. Still I agree with you, when we are too fine with our trading plans, definitely we will be feeling good even on the occurrence of losses because sometimes something beyond our hand do happen to get us losses which can be usually whales' manipulation.
That would be based on how good your own set of rules is as well. If you are a great trader or you took "how to trade" lessons very well, then you could set one that is great and if you do not sway away from it just because market is volatile, then you will be fine.However if you are a newbie that took it from some influencer and want to be like that person and keep repeating that, the results could vary and potentially make you lose. Emotional factors play a big role here as well, if there is a method to make crypto, and you just simply have to do it, there are tons of people who switch their decisions just because of the volatility and get scared and lose money.
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