Topic: My trading style - page 2. (Read 463 times)
Interesting strategy but whats it all about with the 19 coin section after you are successful in the 25 coins? Looks like some randomness in your portfolios? Well, crypto currencies are very good for investment if they are from the Top 50 and thus if we apply your strategy as well then we will sort out 25 best coins amongst them. This will increase the odds of winning profits for us and thus instead of those 5 coins we may end up having big profits with all those coins. However one thing, we will need huge money for investing in such big number of coins. The price of coin and its quantity also matters sometimes.
Personally, I do not have any secret trading, but I always hold the wait for reasonable price. Sometimes due to waiting too long makes the price of coins fall. So I also lost money. But there are coins that keep rising and I get a profit
There is a rule of portfolio allocation, and usually it says that it makes no sense to invest in 5 or more assets. The most effective method is 4-5 coins with the subsequent rebalancing of the portfolio. Just need to find the right entry points.
We have different trading styles and strategies. Yours is pretty good. But with that 25 to be choose from, i wish you will not select the least potentially coin and will not missed to pick the best target 5 coins.
You have some pros and cons in a plan.The good one is buying the cryptocurrency at low price.You have to hold till the maximum raise in that cryptocurrency and which you mean it as an target.The bad one is, if you choose 25 coins at a time or 19 coins at a time . Their may be a possibility of choosing shit coin by mistake.You have to avoid it.
I work in the style of swing-trading. The method is quite convenient and it opens up wide opportunities for profit. The main goal of swing-trading is to get the highest profit when making a small number of transactions. I strive to keep the deal open as long as the instrument moves confidently in one direction. As soon as there are signs of a future price reversal, it's time to close the deal.
That is more of an "investment" style instead of trading method. I mean I do agree that you should do that but make sure you are doing your research on those coins very carefully. If you do your research well than you will profit. However trading is buying and selling a bit quickly and not doing research on the "coin" itself but the "chart" instead. If you want to "trade" you read the charts and react accordingly and not care about the coin itself.
Style here style there it never gets old for knowledge seekers although it may sound boring but it can also boost your knowledge even a half assed method in trading can be improved if you have lots of knowledge you can upgrade or improvise something out of nothing. True meaning of knowledge you can earn it but you can't spend it a wise investment for your mind to read.
My trading style is holding and waiting, I'm not good at analyzing but the patience is the main, so I'm less of a loss because I always hold the coins for a long time
choosing 25 types of coins for trading it is a silly method for me personally,
I prefer one to two types of coins with 3x of capital for me to play, this method is more promising for profit.
You don't understand with OP's strategy. He would only buy up to 5 coins from total 25 coins. If one of those 5 coins going up or it already hit his goal profit, he will sell it and buy another coins from 19 other coins he picked before. He will keep repeat this until all 25 coins he bought and then started with another (plan)?. I prefer one to two types of coins with 3x of capital for me to play, this method is more promising for profit.
Daily trading This is the most famous trading style. This trading style is widely used by traders today because the risk is not too large compared with other trading styles.
choosing 25 types of coins for trading it is a silly method for me personally,
I prefer one to two types of coins with 3x of capital for me to play, this method is more promising for profit.
I prefer one to two types of coins with 3x of capital for me to play, this method is more promising for profit.
I don't have a specific trading style or don't stick with the methods i used once since the market always changes. I really believe that every coin has its potential and time to increase its price so what i always do is study the coin, looking for historical charts, its market capitalization and daily movement of price, whenever i gets satisfaction from what i've seen im gonna for it and hodl.
There are four main styles of trading, namely scalping, day trading, swing trading, and position trading. Technically, scalping is a type of trading within day trading, but scalping is so different from all other forms of day trading, that I consider it to be a separate style.
Choosing right coins is like choosing right balls from the basket without looking so the problem starts with that and your strategy will fail but still it can be profitable if you are an expert.
I intend to reform my trading method.
Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy.
Repeat until 25 coins have been selected for profit
What do you think about this method?
Discuss and share with others your method
You should trying and praticalize this first before we can said something about it. Some trading strategies, some time look very good but when you begin to implement it, you always find out that you will lose money. Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy.
Repeat until 25 coins have been selected for profit
What do you think about this method?
Discuss and share with others your method
Remember cryptocurrencies trading entails alot of risk and I will said, it is not good you invest into it without adequate knowledge.
I do not think I'm wasting time with this method
You are because there are only a few coins that will fit your criteria and you won't be able to pick 25 coins based on the criteria you have set. Either way, you can go for coins that have a chance for growth to fill those 25 spots even if it is not that high when they dump. At the very least, you won't need to waste that much time and the potential for profit is higher than when you will pick fewer coins(but the risk is also higher).
Trading style is important factors that you should have in order to earn big profit, if you do not have any style in trading then it is also okay because not all of us have some styles in trading but for me having a style in trading is a way that you can make a good profit.
I will just list some style in trading.
1. Check the Coin that you want to invest - You should first check on the altcoin if which coin has the potential to earn you big.
2. Check the Exchanges - You should also check the platform exchanges that you will use for your trading, to know the fee that you will pay, to know where is the lowest fee, Check the price of the coin that you will trade.
3. Check the price - Check the price of the coins in the market so that you will have an idea to how much you will trade your coin.
4. Monitoring the Price in the Platform Exchanges - Lastly Monitor the price of the coin in the platform exchanges so that if the price of the coin pumps you will trade it right away.
I will just list some style in trading.
1. Check the Coin that you want to invest - You should first check on the altcoin if which coin has the potential to earn you big.
2. Check the Exchanges - You should also check the platform exchanges that you will use for your trading, to know the fee that you will pay, to know where is the lowest fee, Check the price of the coin that you will trade.
3. Check the price - Check the price of the coins in the market so that you will have an idea to how much you will trade your coin.
4. Monitoring the Price in the Platform Exchanges - Lastly Monitor the price of the coin in the platform exchanges so that if the price of the coin pumps you will trade it right away.
it sounds like a good strategy but you failed to explain the key point to this strategy which can make it a very good one or a terrible strategy. the key is "choosing those coins"!
you said "development background". well there isn't any development to majority of the altcoins and what you said is just fancy talk for saying "I check the social media for the most advertised coin".
the other part is the "fell deep" part! whatever that means. if you look at coins that have dropped a lot and choose them only based on that then it is a mistake. but if you can come up with valid reasons to convince yourself that these drops have brought that coin to its BOTTOM then your choices can be good.
what I do is that I don't waste my time with a lot of coins. instead I go around in the market and choose 1 or 2 coins that I see are getting some "attention" from the pumpers. this can be some hype in the media, some airdrop coming up, some fork,.... combined with increased volume, activity and of course some price rise. then I buy them and make some risk assessment to set my sell orders for dumping.
I would choose 25 coin based platforms. What is the platform here?you said "development background". well there isn't any development to majority of the altcoins and what you said is just fancy talk for saying "I check the social media for the most advertised coin".
the other part is the "fell deep" part! whatever that means. if you look at coins that have dropped a lot and choose them only based on that then it is a mistake. but if you can come up with valid reasons to convince yourself that these drops have brought that coin to its BOTTOM then your choices can be good.
what I do is that I don't waste my time with a lot of coins. instead I go around in the market and choose 1 or 2 coins that I see are getting some "attention" from the pumpers. this can be some hype in the media, some airdrop coming up, some fork,.... combined with increased volume, activity and of course some price rise. then I buy them and make some risk assessment to set my sell orders for dumping.
It means the development of a coin through events, it could be the development of the team, the coin relationships with the community, the coin being popular on coinmarketcap.
I do not think I'm wasting time with this method because I buy them with all the money I have and when they reach the goal I've defined, this means I'm profitable.
I intend to reform my trading method.
Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy.
Repeat until 25 coins have been selected for profit
What do you think about this method?
Discuss and share with others your method
Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy.
Repeat until 25 coins have been selected for profit
What do you think about this method?
Discuss and share with others your method
I'm glad that you have your own strategy in trading. I really hope that it works with you well. We have to work on our own strategies for us to have a good trading style.
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