Single pair trading or double pair? - page 2.

Mahanton

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Quote from: RILWAN on September 18, 2021, 04:02:44 PM

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

You are the ones you could answer it on yourself because you do have the money and you do have the control.Find out which method or path that it seems to be profitable for you.
You wouldnt know unless you try because things that do works on others doesnt mean that it would also work on you thats why the best thing to be done is to test out for yourself
but if im on such situation where i do have lots of capital or bigger then i would go for couple of pairs.

Mamun74

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You can do both but i suggest you, You can start with single pair trading and double pair with similar time. Trading is a Risk but i think it can get profit short time. When you start trading then you must need to patience and control your emotion. You build you trading skill.You need to good trading activities.

RILWAN

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Quote from: Zilon on September 25, 2021, 05:46:09 AM

Quote from: passwordnow on September 18, 2021, 04:33:03 PM

Double pair (twin trade) can be very tempting times and it invariably stresses the account size. For me it would be better he masters single trading get comfortable with it then advance to double trade and if @op decides to double trade then he should scalp with the second trade to avoid bearing losses bigger than his account size

I guess both single trading pair and double trading pair are in the same category but with different perspectives that made them relatively different in operations, I will build my trading skills more using a single pair and thereafter increase to double pair trading as time goes on.

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Quote from: passwordnow on September 18, 2021, 04:33:03 PM

Try to do both of it and see how effective you are with either of it. We're not the same as we trade and results really vary as per trader. You have to look it at your own experience which is more profitable to you. So if you're good with the first pair and it's profitable then try to stay there for a week or so and then if it's no longer profitable, change your strategy and do the other. In the end of it, it's still how you trade, how you analyze and decide per trade you do.

Double pair (twin trade) can be very tempting atimes and it invariably stresses the account size. For me it would be better he masters single trading get comfortable with it then advance to double trade and if @op decides to double trade then he should scalp with the second trade to avoid bearing losses bigger than his account size

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Quote from: RILWAN on September 18, 2021, 04:02:44 PM

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

With time a trader is able to identify more than one trading pair to be profitable. So it is defenitely recommended, but do not over do it. Dont end up having to analyze more than what you can digest. Sick to some pairs that you have found to be profitable over the years and keep a lookout for the trends.

This is possible after having gained some experience over years. If you are newbie, you might want to real time trade your previous pair while paper trading the possible next pair. Then you can be satisfied whether your assumption was right or wrong.

Make sure that the first pair you started with is still within your predictable limits. Dont attempt to use a new pair just to cover up losses made in another pair.

Quote

Do I need your sincere advice?

Actually you dont. What you do is your own decision. Cheesy

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Quote from: Cadaver20 on September 20, 2021, 01:32:34 PM

Of course it would be better if you trade your capital in different pairs. It would be better to trade in different coins. However, it will be a little difficult in the beginning. Because it is difficult for a beginner to keep an eye on different pairs of different coins. But over time, that is likely to change.

Trading in different pairs may increase your profits quickly, but that is also subject to high risk. As a new beginner, I think it’s better to stick to a pair for some time before jumping to another. If you have already skilled yourself in that pair, you can then move to add another coin. This way you will not be taken off the guide.

Dewi Aries

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For me it is depends on what trading activity i do. In future i am fixed on single pair trading because i need to focus to see market movement, but in spot i prefer to do 2 trading pair and prepare rest of my capital as back up. With that i think i have more options to do if market suddenly dumped and i still have back up capital to buy more or maybe buy another coins that i think will help to recover my losses and will be good if get profit after my losses recovered.

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Quote from: checkmatesir on September 20, 2021, 12:44:42 PM

I think both can be profitable if you want to get profit, and one more thing you can use the single pair trading it will not double your tracking I think so, and if you are using double pair trading it can be used to track easily and available for most of the trader, that's why I prefer you to use double pair trading.

Both single and double trading pairs are profiting but again the level of the trader mastery matters, if you do have not to master trading in single pair before jumping to a double pair it will lead to losing because you have not built knowledge or skills.

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Quote from: RILWAN on September 18, 2021, 04:02:44 PM

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

If you're already profitable on the single pair I don't see why you should want to seek more capital and sink it there just to expand into more pairs. Why not you allow the account grow slowly but steadily. That way you also get to build your confidence level and have a full mastery of your trading system and plan. No trader is profitable just because they trade many assets or instruments. No, it doesn't work that way. In fact, it misleads and distracts traders who do so, except they already had a firm grip on the system they've. There are traders who only trade Bitcoin and are profitable doing that.

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Quote from: Cadaver20 on September 20, 2021, 01:32:34 PM

Of course it would be better if you trade your capital in different pairs. It would be better to trade in different coins. However, it will be a little difficult in the beginning. Because it is difficult for a beginner to keep an eye on different pairs of different coins. But over time, that is likely to change.

From the perspective of diversification, trading at multiple pairs may seem like a good idea but considering about the management skills and technical analysis then you should not go for trading at multiple pairs until you are good at all the required skills including risk management and time management.

In my opinion, trading at multiple pairs must need lots of experience and this is why it cannot be suitable for naive traders. Only for pro traders it might be suitable because they know how to manage multiple trading pairs more effectively and profitably.

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Of course it would be better if you trade your capital in different pairs. It would be better to trade in different coins. However, it will be a little difficult in the beginning. Because it is difficult for a beginner to keep an eye on different pairs of different coins. But over time, that is likely to change.

checkmatesir

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I think both can be profitable if you want to get profit, and one more thing you can use the single pair trading it will not double your tracking i think so, and if you are using double pair trading it can be used to track easily and available for most of the trader, that's why i prefer you to use double pair trading.

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Quote from: RILWAN on September 18, 2021, 04:02:44 PM

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

First, congrats for starting your trading journey. Second, if you feel comfortable you can start with a second pair but just know that it will double your tracking since you'll need to follow to markets. Third, why would you expand to gain more experience or to make profit because if the first pair is giving you a nice turn over you could just increase the amount you trade? These are just questions to hopefully help you position you better.

There is not right or wrong answer, ultimately is up to you and your comfort and understanding as well as time. So just do what you feel is right for you.

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Quote from: RILWAN on September 19, 2021, 01:05:11 PM

Quote from: iv4n on September 19, 2021, 11:10:18 AM

If it's a start then single pair would be a lot better option! Get to know the pair, try to make a profit, if it's going good for you try to make it a routine... After that, it will be easier to add another pair and do the same thing as you did with the first!
This is working for some people, some don't have luck... but I guess everyone should be free to try to find a way to make a profit in long run!

You are right am mastering the single pair trading but have spent little time but have made good profits. I will go with your advice to stay on the single pair for some tie before I add another pair to avoid pressure.

you need to consider the following:

1 - BTC - USD is a pair where you just need to focus on it without anything external

2 - But Altcoins - USD are pairs where you need to focus also on the price of btcoin against USD and also on the price of altcoin against bitcoin.

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Quote from: RILWAN on September 18, 2021, 04:02:44 PM

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

Diversification is always been recommended because you could really have chance on recovering losses from the other side if one of your coins turns out to be negative or bad.
When it comes to versatility then this kind of method or path would be much considerable.You can handle many pairs as you do like as long you do know on how to control
up your finances or able to handle those coins but if you dont like on having lots and much prefer on focusing on one pair then stick with it.Its a trial and error because
what matter most here is about profitability and sustainability.

GeorgeJohn

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I think you need to take time to study yourself before deciding whether you will be going for a single pair or double pairs. Trading can be interesting when you are either trading single or double pairs with profitable strategy. If you are trading sigle oair and making a good profits then it wilk be fine for you to extend yiur knowledge to double pairs so you can make more profits from it.

Trading multiple pairs can be stressful at times especially when the pairs are much. You can start with trading 2 or 3 pairs then as time goes on you can extend it to as much as possible you can hold. Also have it at the back of mind that trading multiple pairs will need more time to analyze the market if you are a market analyst. Trade with caution and don't force it.

teosanru

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Quote from: RILWAN on September 18, 2021, 04:02:44 PM

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

Do you mean one pair at a time or do you mean just one pair? Because as far as I know, it's impossible to find good trade opportunities in just 1 trade pair every day, especially when the market is going sideways in that pair and there is no good trend, it's a saying that you should try to master a few coins and trade only in that but just 1 pair to trade is really difficult, I suggest you should keep handy at least 3-4 pairs, slowly try to master each of them and try to visualize patters, this will help you in remembering patterns and recognizing them whenever they happen next, but yes whichever thing gives you consistent capital should be done, don't just run behind multiple pairs because everyone does it, if single pair trading is profitable for you and is meeting your goals, I see no reason going for multiple pair trading.

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Quote from: RILWAN on September 18, 2021, 04:02:44 PM

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

Vote for trade on double pairs, or maybe more. Because if we put all in one pair and then we lose, we can't do anything with it except hold or maybe back up in same coin. But if we put it into pair, if one lose, the other still have chance to help gain profit. At least we still have choice although there are a chance that can be worse if both coins that we already bought dumped in same time.

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Quote from: jostorres on September 19, 2021, 10:58:30 AM

If you are just a beginner then it is highly recommended to trade only with one pair. Along with your experience you may extend your trading by choosing another set of pairs to find more opportunities to make more profits. For all the beginners, focusing on only one trading pair will help in many ways to minimize the losses.

Yes, trading with multiple pairs must be suitable only for professional traders and the beginners should be getting into trading only with one pair until they are getting familiar with market fluctuations and mental pressures of trading. If people are going for multiple trading pairs out of greediness then they will learn their own lessons over the time.

Quote from: iv4n on September 19, 2021, 11:10:18 AM

If it's a start then single pair would be a lot better option! Get to know the pair, try to make a profit, if it's going good for you try to make it a routine... After that, it will be easier to add another pair and do the same thing as you did with the first!

But most traders are considering that technical part of every trading pair is same then why not they go for trading multiple pairs from the beginning itself. In my opinion they are all wrong because even technical part is same for most of the trading pairs but the fundamental is completely different and we must take time to learn fundamentals more thoroughly so that he could handle any trading pair profitably while trading with them.

RILWAN

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Quote from: iv4n on September 19, 2021, 11:10:18 AM

If it's a start then single pair would be a lot better option! Get to know the pair, try to make a profit, if it's going good for you try to make it a routine... After that, it will be easier to add another pair and do the same thing as you did with the first!
This is working for some people, some don't have luck... but I guess everyone should be free to try to find a way to make a profit in long run!

You are right am mastering the single pair trading but have spent little time but have made good profits. I will go with your advice to stay on the single pair for some tie before I add another pair to avoid pressure.

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