Topic: The only way to successfully trade the market "Best strategy ever" (Read 351 times)

For me the best strategy that I always use because I know this is useful and helpful is buy when the price of it is in the low amount and sell it when it is in the high amount to be profitable.

For me the best strategy ever is buy when the price of coins or investments drops to low amount or value  and sell it when the right times comes that the amount or value of it is in the high stage.

exactly the point, since you can never make 100% accurate calls, at least minimize the risk and maximize profit .

trading strategy and portfolio management are two very different things.


plus there is NO low and NO high in any market. if there is please tell us all what's the low and whats the high of btc?  people were saying 1k is the highest btc can go , a few months later boom ! 18k ! .. later they said 15K is the lowest it can go, boom ! 5K !

Why are you making it so difficult? the only way to be a succesfull trader is just to have some knowledge, buy lower, and sell higher, that is the only way to make a good profit in here

good tricks and worthy of example by the general public.

the same as my trading tricks like that, on the basis ny we gain 10% and when dropped in stop lose when you lose 5%.

so the rest of your trading result every day is 5%, (that's your profit).

didn't quite understand your point.

It might appear like a perfect strategy, but I would like to remember always that there is a human-factor present in every case.

I would say , stay away from indicators, only use Support/ Reticence and price action.
you can check my trading ideas on the forum. see how do i identify my entry points.

you can also search google for price action , things like " pin bar, inside- bar " there are all based on support / resistance.

just google learntotradethemarket, check the guy's guide for using price actions, you will love it.


RSI / MACD bla bla bla are used by people who believe in OVERSOLD / OVERBOUGH which doesn't apply in tha market.

those indicators been showing over bough on btc all the way from when btc was worth a few cents ,there are relatively inaccurate 

Good luck

you are most welcome, kindly read my prev comments too.

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Thanks mikeywith, I will give it a shot. Right now I'm just paper trading so I don't have anything to lose and I am able to commit to my strategies and see how they work with no emotions involved. Right now I was figuring out which indicators I should use. I mainly use resistance levels like you, and I'm also combining them with RSI and volume indicators to try to take the most out of those big moves in the crypto space. Since most of the times I'm trading on "sky-breaks" I keep having problems knowing when to book profits or accepting losses. I'm missing that in my strategy so I will try to use your approach and see how it goes. Thanks for sharing.

I was in search for some good articles for to study more about trade and to improve my trading practice. I often invest in those coins which have a very benefiting event in the coming days then I invest in those and those type of coins often increase faster in the market. Your article is benefiting for me and I will try some tips from your article to improve my trading practice.

This is an excellent trading analysis that I've ever seen. This sharing comes from practical experience and great interest in your community and that's great. I will apply these in my upcoming trade. Thank you for sharing.

see now again this really depends on your trading strategy. for me i do not use any type of indicators, i only use Support / Resistance. so i do apply exactly what you said except the fact that i do not move my SL randomly or based on %. i move it based on either Support/ or Resistance line not just to protect myself from my initial SL.

giving your scenario, but with a different ENDING , say the market moves 6% in your favor and then moves against you and hit your NEW SL which we assume it's break even, and then moves in your initial favor 10% ! so you technically lost 10% in profit.

since we are debating about un-predictable scenario so anybody can support their point view with real numbers.

but let me share something i learned the hard way !. am sure every trader suffered/ suffering from this. how many times you got out of a trade and then it goes up crazily ! and you be like ,, shit i sold and it went up ! if only i waited 5 more mins.

that's why the best strategy for beginners and mid skilled is " SET AND FORGET" .

this way you avoid getting screwed by emotions, once you get in a trade it should be based on technical reason. so your SL and TP should make sense at the moment of entry , thus no matter how things go you should not touch your SL/TP.

once your eyes become more conftable with charts, you will handle trailing stop better, you would also apply hedging and balancing once needed. but these require fast and solid decision away from emotions, and i do not think it's easy to get rid of emotions!.

i have been doing this for years on forex and now on both crypto and forex and almost every time i temper with my intial decision i fu** up.



 

Well I will not say that is a bad strategy, and that is usually the ultimate goal of any trader: keep their losses low, and profits high. I do believe there could be a problem with this. We all know crypto is very volatile, so isn't it going to be quite easy for his stop loss to be hit, and for his profit taking to not hit?

Let's stay we are trying to get 10% profit and accept a 5% loss. The market goes in our favor, but only 6%. Then it dumps and we not only lose out 6%, but we also hit our stop loss, ending up losing 5%.

I guess this could be solved by using a trailing stop loss. Meaning we accept 5% loss at the point we are at. So if we were in 6% green and the market dumps. Since we only accept a loss of 5% based on our current point, we would end up breaking even because we would actually end up winning 1% on that trade.

Do you have a better solution for this?

we should all know the market changes and the altcoin or other coin that is not bitcoin we must know everything about it the stuffs like the specific coin.

1. Know the right time

2. study trading the right way like reading and posting a youtube that really help to create your own strategy.

3 You guys can work AND THINK on your own MAKE and try the best strategy just study and read.

I am glad i could provide some knowledge. hope you will make good profit.

This is the first time that I've read about risk/reward ratio or 3R's. I absorbed every detail that you want to convey and I think, newbies are always fall in the worst trader specially those who have not any idea about trading. I am a trader also but I do not make it as my hobby since I have only a small amount of capital. This is helpful guide to me, thanks buddy!

Yeah to be a successful trader you must have the courage to bear the loss in trading because if you don’t have the quality to face hard times then you will never be a successful trader. Those who want quick response they should invest in regular business because cryptocurrency business is for long run and you will have to wait for good times to come.

Yeah to be a successful trader you must have the courage to bear the loss in trading because if you don’t have the quality to face hard times then you will never be a successful trader. Those who want quick response they should invest in regular business because cryptocurrency business is for long run and you will have to wait for good times to come.

Yes,taking calculated risk in the trading will be the key to success,if someone take risk blindly then chance of making profits from the trades is very low.But having good experience in this field will make us successful.