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Topic: Safest trading strategy - page 10. (Read 1975 times)

full member
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
May 18, 2020, 06:55:58 AM
#61
waiting game? I think it's quite vague for a pretty good title. Patience is one of the important virtues in investing, we need to have it but must be accompanied by discipline and knowledge. 2 months ago, I said if bitcoin went down to $ 6k5 I would buy more and $ 4k5 I would have spent all my money to buy. But when bitcoin fell to $ 3k7, I didn't dare to buy and wait. After that, now the price of BTC is $ 9k5 and I still cannot earn any profit!
We really need to plan, psychology is only a small part of the victory.
member
Activity: 690
Merit: 12
There are consequences for every action
May 18, 2020, 06:39:03 AM
#60
YOU Need more than patient to enjoy the waiting strategy in trading and investment.
You need to monitor the token price growth and understand why it drops or goes up

You also need to understand technically the emotions surrounding the token market chart, it's jard work
member
Activity: 501
Merit: 10
★Bitvest.io★ Play Plinko or Invest!
May 18, 2020, 06:32:28 AM
#59
In my opinion, the safest strategy in trading is to learn everything in the market and be easy for buying or selling but buying in a red market and selling in green market is good and we know that you can earn for it little by little. So I think it is much good to try to understand the market more because the rise and drop of the prices are unpredictable so it must be good to know by understanding the market which is the best for your next move which could lead you in a good profit earning.
full member
Activity: 574
Merit: 100
May 18, 2020, 02:23:38 AM
#58
My method is don't go all-in on buying or selling. It is better to slowly buy or sell it until your principal is depleted. It is safer since once you might think that the price will continuously collapse or rise for a while. Also, don't let yourself encounter a scenario that you will be anxious. Trader should think before risking on an asset that you want to buy or sell. Know the best time to trade it to prevent having anxiety on your money.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
May 18, 2020, 01:31:03 AM
#57
The only problem with this strategy is within human mind, the inner demons you will have to fight, greed, impatience, temptations will take over at some point, the winning trick of trading is patience
It's not. People can control their mind easily. The problem is the mentality of the traders itself. AFAIK when a strong traders started a trade in the market and he must have a very strong mentality and this will be affecting the result of your trade caused by your emotion will be totally affected by your mentality.
legendary
Activity: 3248
Merit: 1179
May 18, 2020, 12:20:48 AM
#56
The safest trading strategy is to trade with bitcoin/stablecoin. However you trade, if you miss a good selling chance just move btc on a side and start fresh, sooner or later btc will bounce back, like it always happens with btc and you will get even or make profit. When you are deciding which coin to trade with, always have in mind is it a good coin for long run, if it drops can it bounce back!? If answer is yes then you can trade with it, miss a trade just hold, when price touch bottom buy a bit more, make a nice stash and when it bounces back you will have a huge profit.
newbie
Activity: 35
Merit: 0
May 17, 2020, 04:13:36 PM
#55
This trading strategy of mine is all about waiting game, you will need lots of Patience to make good gains, lets go straight to the point.

If you have some money and you are looking into buying bitcoin, it's better to consider buying Bitcoin with half of what you can afford to lose and use the other half to buy stable coin.

List of few good stable coins I use or own

USDT
USDC
DAI


IF MARKET GOES GREEN

If market goes green you will still be making profit from your bitcoin that you are holding.

IF MARKET GOES RED

You will be able to multiple your Bitcoin by using your usdt or Dai to buy back more Bitcoin. It's simple as that, erase greed and focus on making profit from RED and GREEN Market.


ok why should I have stable coins then? I can buy with cash
sr. member
Activity: 882
Merit: 251
May 17, 2020, 04:11:29 PM
#54
I think your strategy is still to buy low and sell high and DCA, and it's not really safe. keeping the coins stable can help you react quickly to market changes, but I see you don't mention placing stoploss, which is a big risk.
indeed the strategy used like that but you should know that to determine the position of low prices and a good position to sell is very difficult to occur because basically the price movement of cryptocurrency is difficult to predict, so for the easier you might apply according to what you say and implement long-term trading, wait until your sell order is sold.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
May 17, 2020, 04:03:09 PM
#53
This trading strategy which you shared is all of trader's strategy in my view. Old but Gold. But your success depends only on you, l mean if you can be enough patient, you can get it. But sometimes we must wait a bit more, it can take long time to earn any profit. This strategy is safest and absolutely the best.
full member
Activity: 438
Merit: 100
arcs-chain.com
May 17, 2020, 11:12:32 AM
#52
I think your strategy is still to buy low and sell high and DCA, and it's not really safe. keeping the coins stable can help you react quickly to market changes, but I see you don't mention placing stoploss, which is a big risk.
jr. member
Activity: 252
Merit: 1
May 17, 2020, 10:19:14 AM
#51
Your idea is good.
In trading, their different strategy, but in cryptocurrencies the best strategy is patient and and always be conversant with what is going on in trading platform. Further more can still consider below.
1. Day Trading
Day trading is perhaps the most well-known active trading style. It's often considered a pseudonym for active trading itself. Day trading, as its name implies, is the method of buying and selling securities within the same day. Positions are closed out within the same day they are taken, and no position is held overnight.

2. Position Trading
Some actually consider position trading to be a buy-and-hold strategy and not active trading. However, position trading, when done by an advanced trader, can be a form of active trading.

3. Swing Trading
When a trend breaks, swing traders typically get in the game. At the end of a trend, there is usually some price volatility as the new trend tries to establish itself.

4. Scalping
Scalping is one of the quickest strategies employed by active traders. It includes exploiting various price gaps caused by bid-ask spreads and order flows. The strategy generally works by making the spread or buying at the bid price and selling at the ask price to receive the difference between the two price points

member
Activity: 252
Merit: 29
Sovryn - Brings DeFi to Bitcoin
May 17, 2020, 10:09:37 AM
#50
This trading strategy of mine is all about waiting game, you will need lots of Patience to make good gains, lets go straight to the point.

If you have some money and you are looking into buying bitcoin, it's better to consider buying Bitcoin with half of what you can afford to lose and use the other half to buy stable coin.

List of few good stable coins I use or own

USDT
USDC
DAI


IF MARKET GOES GREEN

If market goes green you will still be making profit from your bitcoin that you are holding.

IF MARKET GOES RED

You will be able to multiple your Bitcoin by using your usdt or Dai to buy back more Bitcoin. It's simple as that, erase greed and focus on making profit from RED and GREEN Market.


This is definitely a good strategy for trading, it will give more calmness to the mind but it depends on how good the trader is, with calmness and patience there will always be more profit to be made with this strategy, but still traders will always be tempted and few mistakes will be made
sr. member
Activity: 924
Merit: 256
May 17, 2020, 09:20:55 AM
#49
Hmm, a good strategy in the first post, but I think that in this case it is possible to improvise. So, for example, if the price of bitcoin has risen very much, you can not buy It at all. On the contrary, if the price has fallen significantly, you can buy Bitcoin with all your money. It all depends on the specific market situation, news, etc.
I think there are still several methods for safe and comfortable trading, one of which is implementing long-term trading in bitcoin, why only bitcoin? because in my opinion bitcoin has a very high demand but has a limited supply and it's very difficult to get bitcoin so take advantage of bitcoin for long-term trading and safer trading.
sr. member
Activity: 994
Merit: 260
May 17, 2020, 08:45:56 AM
#48
Hmm, a good strategy in the first post, but I think that in this case it is possible to improvise. So, for example, if the price of bitcoin has risen very much, you can not buy It at all. On the contrary, if the price has fallen significantly, you can buy Bitcoin with all your money. It all depends on the specific market situation, news, etc.
member
Activity: 574
Merit: 24
May 17, 2020, 06:45:33 AM
#47
The only problem with this strategy is within human mind, the inner demons you will have to fight, greed, impatience, temptations will take over at some point, the winning trick of trading is patience
copper member
Activity: 351
Merit: 1
May 17, 2020, 02:21:54 AM
#46
This trading strategy of mine is all about waiting game, you will need lots of Patience to make good gains, lets go straight to the point.

If you have some money and you are looking into buying bitcoin, it's better to consider buying Bitcoin with half of what you can afford to lose and use the other half to buy stable coin.

List of few good stable coins I use or own

USDT
USDC
DAI


IF MARKET GOES GREEN

If market goes green you will still be making profit from your bitcoin that you are holding.

IF MARKET GOES RED

You will be able to multiple your Bitcoin by using your usdt or Dai to buy back more Bitcoin. It's simple as that, erase greed and focus on making profit from RED and GREEN Market.


this is indeed a fine strategy .. it's like a two sided coin.. whichever way the market goes you'll end up in profit.. but from my experience this strategy will also require alot of discipline and focus..  myself, I'm easily distracted with other coins making gains while the ones I'm holding aren't making any.. I'm easily tempted to dump and buy other coins.. which will end up as a bad idea at the end of the day
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
May 17, 2020, 01:51:10 AM
#45
a good strategy in trading, because most traders are too ambitious in seeking profits, but the results obtained are just the opposite
therefore, it is very suitable if we use this trick to reduce losses that are too large in our trade.
Reducing losses is our own decision so it can never came from that trick or something in bot,instead this is about our plans and knowledge so better not to let them told you what to do instead decide your own.
Everyone has different strategy which is buying low and selling high is the smartest way, but people tend to buy coins if there's hype and a bit descent pump in market like we saw in the Halving most of them bought by thinking the price will go up for sure some that they can make some short term profit, I am really against it because buying in dip and holding till the market goes up is the thing which works here. So plan accordingly before Investing without any logic..
depend on what kind of investment we are doing here,if you are willing to wait longer then it is applicable that buy low sell high,but in day trading this is very rare to happen as we are mostly look for the pumping currency to take a chance profiting until it falls down.
full member
Activity: 616
Merit: 102
May 17, 2020, 12:46:09 AM
#44
a good strategy in trading, because most traders are too ambitious in seeking profits, but the results obtained are just the opposite
therefore, it is very suitable if we use this trick to reduce losses that are too large in our trade.
member
Activity: 560
Merit: 13
May 17, 2020, 12:40:06 AM
#43
Everyone has different strategy which is buying low and selling high is the smartest way, but people tend to buy coins if there's hype and a bit descent pump in market like we saw in the Halving most of them bought by thinking the price will go up for sure some that they can make some short term profit, I am really against it because buying in dip and holding till the market goes up is the thing which works here. So plan accordingly before Investing without any logic..
member
Activity: 1358
Merit: 10
www.cd3d.app
May 17, 2020, 12:23:28 AM
#42
You speak of a general approach; Apparently, you are right. But in reality, when you go to apply, you will see that things are not so easy. I trade myself. I have suffered many times while applying this method. It is seen that after buying a coin, its price has come down to such a level that it can no longer be sold; After selling any coin, I could not buy it anymore as its price has gone up. No one knows when the market will be high or low; This requires a lot of research on market conditions.
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