Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.
That's why I still advise if you are planning to hold long term, you should still have the cut-loss price level so you will not be trap for that long if the bear market begins again. Fortunately, we are still aiming to the top and there's still a big chance for us to witness bull trend, averaging method takes a lot of patience and consistency, if you are committed to hold longer, then I suggest to invest with good coins only so you will not be trap on a bad project. 
Topic: This is how i trade often my spot market easy method - page 2. (Read 187 times)
Spot trading is better than futures trading but it depends on their expertise which one to do but spot trading is a better approach.
Never keep altcoins for long and set your selling target even if it's not too big because we know altcoins always have a high risk if there has been a decline it will be difficult to recover to the initial price of your purchase, maybe you expect hype and then bullish in the future I know will wait for this moment but we never know when it happens.
Never keep altcoins for long and set your selling target even if it's not too big because we know altcoins always have a high risk if there has been a decline it will be difficult to recover to the initial price of your purchase, maybe you expect hype and then bullish in the future I know will wait for this moment but we never know when it happens.
Try to look beyond that as well. If you keep trying to go with "whatever went low today, will eventually recover" method, while it may work for a long time, you will face the bear market eventually and you will realize that it is not that simple and it may actually hurt you eventually.
This is why you should open your eyes to other possibilities as well, obviously that doesn't mean that you are going to end up with a great result at other strategies as well, but it wouldn't be a bad idea and you should definitely consider how you could make it better. I personally try to find more and more strategies even after ten years, and just as recent as last year I have found one that was better than what I had, you just adjust it to perfection as much as you can.
This is why you should open your eyes to other possibilities as well, obviously that doesn't mean that you are going to end up with a great result at other strategies as well, but it wouldn't be a bad idea and you should definitely consider how you could make it better. I personally try to find more and more strategies even after ten years, and just as recent as last year I have found one that was better than what I had, you just adjust it to perfection as much as you can.
obviously, you have to determine the market trend before diving into the spot and futures. but i don't know if it's going to be easy for anyone to be in the futures market. the kind of market where whales can turn the market up and down in the hourly chart just so they can win.
OP's strategy works when the market has a seesaw market trend or bullish market like these days but in the bear market, that kind of strategy is not going to work.
OP's strategy works when the market has a seesaw market trend or bullish market like these days but in the bear market, that kind of strategy is not going to work.
Search "gambler's fallacy" on google.
That's pretty much what you are doing.
You think just because those coins went down a lot, they can't go down more from there but, they really can.
Let's say we are playing coin flip and we had 100 heads in a row. What are the chances of getting another heads in the next turn? 50%.
Quote
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event has occurred more frequently than expected, it is less likely to happen again in the future.
https://en.wikipedia.org/wiki/Gambler's_fallacyThat's pretty much what you are doing.
You think just because those coins went down a lot, they can't go down more from there but, they really can.
Let's say we are playing coin flip and we had 100 heads in a row. What are the chances of getting another heads in the next turn? 50%.
Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.
Hmm, I can agree with it, but only those altcoins that are taken from the hyped era, you should not take entries in the trending Altcoins for long-term scenarios especially if you are trying to manage risk for the bear market, always enter before a trend started by recognizing the early factors jumping in pressure can cause serious losses.
Not everyone can afford the spot market, if you relly want to make decent amount from the market without making heavy investment, because in spot what matters is the capital you own to trade, that's it.
I do one coin at the time and i use quite large amount for this.
define large amount please
Appreciate your technique as this may work but also do consider the risk factors involved in this because usually if a coin has already made huge surge then it will go through correction phase and if you take 24 hrs low at that time then you will not be able to gain profit as most likely it's gonna go down.
Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.
I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.
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