👓 Trading routine 👓 | Bitcointalksearch.org

liltrader

newbie

Activity: 22

Merit: 0

Quote from: Indrawan77 on April 25, 2018, 07:19:50 PM

That is a cool routine and its sound that you are a professional traders, that is the routine of all day traders, but I am curious about how you handle the dropping coin, you set a 1 - 5% profit, but you don't mention when to cutloss the coin, and as a traders I think alt coin also can give you alot of profit, it maybe shady but there are so many pumps that happened in alt coin, it can be the opportunity to make some money

If all my analyzes are leading me to pumped coin, then I will take my couple percents of profit and watch if the price goes up further - then I will make one more trade and will watch it closely.
I try to choose coins very carefully and not cut losses, especially if all the markets falling and dragging each other down. If I do, it is only when I see that the coin does not have any chances to come back, if it gets hacked or compromised.

Off course that all comes to overall believe in rising crypto markets

shaadsufi

newbie

Activity: 182

Merit: 0

Very good information provided by you I also follow same thing like this I also do not trust all the Altcoins I always select and do proper research before buying any altcoin because the market is too much unpredictable and can give loss anytime.

liltrader

newbie

Activity: 22

Merit: 0

Quote from: mast3rm1nd on April 25, 2018, 04:46:50 PM

Quote from: liltrader on April 20, 2018, 06:41:37 PM

Greetings to fellow traders and enthusiasts. I am an amateur crypto trader, learning and trading crypto for a year already Grin

Here I am writing my daily trading routine. Hope it will help newbies, and get feedback from experienced traders.

Why I don’t like HODL
I just don’t trust almost all altcoins. There is always something shady happening, you never know, when the coin will fly down and wipe out all gains.
I do trust big coins like BTC, ETH. Thinking about Monero and Ripple.
So, I prefer to hold my investments in three equal parts: BTC, ETH, USD.

Firstly, I have a list of interesting coins, which will grow in my opinion. I revise this list once a month. Trying to have 7-10 coins on my list.

Daily routine, Step-by-step:

Revising my list of coins; reading Twitter, Reddit, Bitcointalk on each coin. News, announcements, public opinion, everything counts. Highlight the most interesting for today.
Sort the most active coins by recent growth. The most active – first.
Doing technical analyzes on the coins. Looking for trading signals: MA crossings, Stochastic rebounds, Support/Resistance levels and Trend Lines. The most valuable for me is position regarding Support/Resistance lines. For example – the coin has recently crossed important Resistance.
Then I open positions on the coins, where I see the signal. Target – 1-5% profit.
Waiting 😊
If position closes – making new analyzes and reopen position if conditions are right (Growth momentum still high and Resistance levels are far enough).
If at the end of the day some positions stay open – trying to close them with any profit. If the price went down, I leave the position hanging. Till now I manage to cover the losses from hanging positions from profits on other coins.

I avoid trading if Bitcoin is falling or has recently fallen, markets react really bad on such days. I avoid trading if all of the coins on my list are in red.

What do you think about my approach?
How do you trade?

I think the most important thing is that you commit to exiting at 1-5% profit and don't get greedy for more. it's interesting to hear about your opinion on stop losses, because it doesn't seem that you incorporate them at all. but thinking about it if you invest only in well known coins that have community support and good development teams, then the risk that the coin might never come back is minimum.

Thanks, that is exactly my point

Indrawan77

hero member

Activity: 1274

Merit: 516

That is a cool routine and its sound that you are a professional traders, that is the routine of all day traders, but I am curious about how you handle the dropping coin, you set a 1 - 5% profit, but you don't mention when to cutloss the coin, and as a traders I think alt coin also can give you alot of profit, it maybe shady but there are so many pumps that happened in alt coin, it can be the opportunity to make some money

mast3rm1nd

full member

Activity: 322

Merit: 100

Quote from: liltrader on April 20, 2018, 06:41:37 PM

Greetings to fellow traders and enthusiasts. I am an amateur crypto trader, learning and trading crypto for a year already Grin

Here I am writing my daily trading routine. Hope it will help newbies, and get feedback from experienced traders.

Why I don’t like HODL
I just don’t trust almost all altcoins. There is always something shady happening, you never know, when the coin will fly down and wipe out all gains.
I do trust big coins like BTC, ETH. Thinking about Monero and Ripple.
So, I prefer to hold my investments in three equal parts: BTC, ETH, USD.

Firstly, I have a list of interesting coins, which will grow in my opinion. I revise this list once a month. Trying to have 7-10 coins on my list.

Daily routine, Step-by-step:

Revising my list of coins; reading Twitter, Reddit, Bitcointalk on each coin. News, announcements, public opinion, everything counts. Highlight the most interesting for today.
Sort the most active coins by recent growth. The most active – first.
Doing technical analyzes on the coins. Looking for trading signals: MA crossings, Stochastic rebounds, Support/Resistance levels and Trend Lines. The most valuable for me is position regarding Support/Resistance lines. For example – the coin has recently crossed important Resistance.
Then I open positions on the coins, where I see the signal. Target – 1-5% profit.
Waiting 😊
If position closes – making new analyzes and reopen position if conditions are right (Growth momentum still high and Resistance levels are far enough).
If at the end of the day some positions stay open – trying to close them with any profit. If the price went down, I leave the position hanging. Till now I manage to cover the losses from hanging positions from profits on other coins.

I avoid trading if Bitcoin is falling or has recently fallen, markets react really bad on such days. I avoid trading if all of the coins on my list are in red.

What do you think about my approach?
How do you trade?

I think the most important thing is that you commit to exiting at 1-5% profit and don't get greedy for more. it's interesting to hear about your opinion on stop losses, because it doesn't seem that you incorporate them at all. but thinking about it if you invest only in well known coins that have community support and good development teams, then the risk that the coin might never come back is minimum.

liltrader

newbie

Activity: 22

Merit: 0

Quote from: LtMotioN on April 25, 2018, 12:59:36 AM

I work similarly to you, going for safe consistent small gains. I would advise you to trade on top 30 though, there are plenty of chances for massive gains. Look at ontology, or Verge. I was riding both those trains up and then jumped over to EOS and ICX which i'm on right now.

Anything in the top 30 is a fairly safe bet, and if you trade with "buy the rumor sell the news" you can end up pretty godamn green.
In the end of the day I don't really care one bit for 99% of the altcoins. I just wana get more BTC.

I had some good gains from Verge too until they announced the pornhub partnership, I don't touch Verge since then, waiting until markets will make mind about it again.

To trade 30 coins would be great, but I'm afraid that I will not have time to analyze all the coins daily.
It would be great to have something automatic or semi-automatic to make analyzes faster or even trade.

liltrader

newbie

Activity: 22

Merit: 0

Quote from: Awesomus Maximus on April 25, 2018, 03:31:34 AM

Quote from: liltrader on April 24, 2018, 03:33:13 PM

Today almost all coins that I was HODLing came back into profit zone, so I managed to close old trades.

I do not risk something, which I can't afford to lose. Crypto markets can wipe all your account away very fast.

And when you decide not to HODL any more what do you do? Convert to BTC, or USD? What is your stable currency. What do you convert your profit into.

As soon as price back in profit zone - I close the hanging trade. The goal is to take profit from growing coins as fast as possible and re-enter the position if conditions are right.
I hold BTC, USD and ETH in equal parts. If I close the trades on BTC pairs I leave the profit in BTC. I can re-balance my deposits if one of the parts shrinks.

Awesomus Maximus

member

Activity: 392

Merit: 66

Quote from: liltrader on April 24, 2018, 03:33:13 PM

Today almost all coins that I was HODLing came back into profit zone, so I managed to close old trades.

I do not risk something, which I can't afford to lose. Crypto markets can wipe all your account away very fast.

And when you decide not to HODL any more what do you do? Convert to BTC, or USD? What is your stable currency. What do you convert your profit into.

LtMotioN

member

Activity: 210

Merit: 29

I work similarly to you, going for safe consistent small gains. I would advise you to trade on top 30 though, there are plenty of chances for massive gains. Look at ontology, or Verge. I was riding both those trains up and then jumped over to EOS and ICX which i'm on right now.

Anything in the top 30 is a fairly safe bet, and if you trade with "buy the rumor sell the news" you can end up pretty godamn green.
In the end of the day I don't really care one bit for 99% of the altcoins. I just wana get more BTC.

kaisa

full member

Activity: 560

Merit: 145

You say that there are important coins that should be detained are btc, eth, usdt. I think they are equally experienced in the value of a fast fluctuation. Your writing is meaningful to newbies, but not with people who decide to make management trading.
I think there are only two management trading, hold and daily trading.
I prefer to hold, because I can run other activities as I wish. Regular trading will not guarantee you are quicker. Cool

Nhebu

member

Activity: 616

Merit: 10

Quote from: harizen on April 20, 2018, 06:56:37 PM

Quote from: liltrader on April 20, 2018, 06:41:37 PM

What do you think about my approach?

As we have different approaches on our coins in our beloved portfolio, then we might have different results. As for you, then that's good.

If your current doings is giving you a positive result on the long run, then stick with it with just bit of modifications on the way if necessary. We have different strategies depending on the trend so what matters here is, we are gaining from our own analysis.

Well then just continue your doings as I think you understand the basic trading fundamentals.

That's right! There are thousand ways to kill a cat. We have different strategies to earn money in trading. If the OP is gaining much in his way then it could be nice to follow but I think, what he did is really different from what are the result to others.
I am just a beginner in trading industry and I am here in order for me to have knowledge and deeper understanding on how I will trade and earn using cryptocurrency. Hopefully, I will become lucky as what OP is.

Wilsonong222

jr. member

Activity: 130

Merit: 5

Quote from: liltrader on April 20, 2018, 06:41:37 PM

Greetings to fellow traders and enthusiasts. I am an amateur crypto trader, learning and trading crypto for a year already Grin

Here I am writing my daily trading routine. Hope it will help newbies, and get feedback from experienced traders.

Why I don’t like HODL
I just don’t trust almost all altcoins. There is always something shady happening, you never know, when the coin will fly down and wipe out all gains.
I do trust big coins like BTC, ETH. Thinking about Monero and Ripple.
So, I prefer to hold my investments in three equal parts: BTC, ETH, USD.

Firstly, I have a list of interesting coins, which will grow in my opinion. I revise this list once a month. Trying to have 7-10 coins on my list.

Daily routine, Step-by-step:

Revising my list of coins; reading Twitter, Reddit, Bitcointalk on each coin. News, announcements, public opinion, everything counts. Highlight the most interesting for today.
Sort the most active coins by recent growth. The most active – first.
Doing technical analyzes on the coins. Looking for trading signals: MA crossings, Stochastic rebounds, Support/Resistance levels and Trend Lines. The most valuable for me is position regarding Support/Resistance lines. For example – the coin has recently crossed important Resistance.
Then I open positions on the coins, where I see the signal. Target – 1-5% profit.
Waiting 😊
If position closes – making new analyzes and reopen position if conditions are right (Growth momentum still high and Resistance levels are far enough).
If at the end of the day some positions stay open – trying to close them with any profit. If the price went down, I leave the position hanging. Till now I manage to cover the losses from hanging positions from profits on other coins.

I avoid trading if Bitcoin is falling or has recently fallen, markets react really bad on such days. I avoid trading if all of the coins on my list are in red.

What do you think about my approach?
How do you trade?

What you are really doing is actually called trading plan. Your plan is actually good for beginners; but in time this plan would eventually subject for change for better effectiveness. I also agree with you that there are times that you do not do holding especially in not known altcoins. Top 3 cryptocurrency are the only worth holding for long term.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: harizen on April 20, 2018, 06:56:37 PM

Quote from: liltrader on April 20, 2018, 06:41:37 PM

What do you think about my approach?

As we have different approaches on our coins in our beloved portfolio, then we might have different results. As for you, then that's good.

If your current doings is giving you a positive result on the long run, then stick with it with just bit of modifications on the way if necessary. We have different strategies depending on the trend so what matters here is, we are gaining from our own analysis.

Well then just continue your doings as I think you understand the basic trading fundamentals.

I am with your words which every individual/trader/investor do really have their own analysis if it turns out that you are losing money or do commit mistakes then you should learn from it and try to get some little idea into successful ones and you might able to apply it into yourself.If it works then stick with it as long we are gaining or profiting then we are really doing a good job. Trading doesnt really have a fixed thing to be followed yet we are the ones who do mixed out and trying to figure it out which strategy would fit us.

strongwarrior238

member

Activity: 294

Merit: 10

Quote from: liltrader on April 20, 2018, 06:41:37 PM

Greetings to fellow traders and enthusiasts. I am an amateur crypto trader, learning and trading crypto for a year already Grin

Here I am writing my daily trading routine. Hope it will help newbies, and get feedback from experienced traders.

Why I don’t like HODL
I just don’t trust almost all altcoins. There is always something shady happening, you never know, when the coin will fly down and wipe out all gains.
I do trust big coins like BTC, ETH. Thinking about Monero and Ripple.
So, I prefer to hold my investments in three equal parts: BTC, ETH, USD.

Firstly, I have a list of interesting coins, which will grow in my opinion. I revise this list once a month. Trying to have 7-10 coins on my list.

Daily routine, Step-by-step:

Revising my list of coins; reading Twitter, Reddit, Bitcointalk on each coin. News, announcements, public opinion, everything counts. Highlight the most interesting for today.
Sort the most active coins by recent growth. The most active – first.
Doing technical analyzes on the coins. Looking for trading signals: MA crossings, Stochastic rebounds, Support/Resistance levels and Trend Lines. The most valuable for me is position regarding Support/Resistance lines. For example – the coin has recently crossed important Resistance.
Then I open positions on the coins, where I see the signal. Target – 1-5% profit.
Waiting 😊
If position closes – making new analyzes and reopen position if conditions are right (Growth momentum still high and Resistance levels are far enough).
If at the end of the day some positions stay open – trying to close them with any profit. If the price went down, I leave the position hanging. Till now I manage to cover the losses from hanging positions from profits on other coins.

I avoid trading if Bitcoin is falling or has recently fallen, markets react really bad on such days. I avoid trading if all of the coins on my list are in red.

What do you think about my approach?
How do you trade?

I think if you are an inexperienced and toothless in trading then new trading often. You should have a detailed plan of profit and risk to be able to control the capital. You can see that if you keep greedy and forget that you have set the profit is how much, the risk when you continue to trade will increase and will lead you to failure.

liltrader

newbie

Activity: 22

Merit: 0

Quote from: Awesomus Maximus on April 23, 2018, 12:08:33 PM

Quote from: liltrader on April 20, 2018, 06:41:37 PM

Doing technical analyzes on the coins. Looking for trading signals: MA crossings, Stochastic rebounds, Support/Resistance levels and Trend Lines. The most valuable for me is position regarding Support/Resistance lines. For example – the coin has recently crossed important Resistance.

This day trading stuff, people claim to make money with it. It has never worked for me, at least not so far. I find it to be very close to a gamble. Do you lose money from time to time? How do you cut loses?

I try to HODL the drawdown coins as long as possible and still trade, trying to take as much profit as I can from the bullish movements of the coins. I had a lot of drawdown at the beginning of 2018, during the bearish phase of crypto markets. The most profit I got from that times was from Monero and Dash. As I close profit trades daily - I try to compensate hanging positions with profit from daily trades, so at the end of the month, my overall balance at least stays the same. Sometimes I had drawdown at the end of the month, to be honest. But thanks to trading on many coins it wasn't critical.
Today almost all coins that I was HODLing came back into profit zone, so I managed to close old trades.

I do not risk something, which I can't afford to lose. Crypto markets can wipe all your account away very fast.

Awesomus Maximus

member

Activity: 392

Merit: 66

Quote from: liltrader on April 20, 2018, 06:41:37 PM

Doing technical analyzes on the coins. Looking for trading signals: MA crossings, Stochastic rebounds, Support/Resistance levels and Trend Lines. The most valuable for me is position regarding Support/Resistance lines. For example – the coin has recently crossed important Resistance.

This day trading stuff, people claim to make money with it. It has never worked for me, at least not so far. I find it to be very close to a gamble. Do you lose money from time to time? How do you cut loses?

MintCondition

legendary

Activity: 1147

Merit: 1007

Quote from: joniboini on April 21, 2018, 01:41:25 AM

Your trading routine looks cool. I'm not a full-time trader, but when I trade, I've mostly used TA myself because I don't really have time to search for news. I relied on free telegram channels that share the recent news about coins/crypto in general, but I don't do it too often. You should also avoid trading when Bitcoin is very bullish, as most of the times ALTS would go bearish.

Keep watching the coinmarketcap does it includes a live update of coins it is good for day trading, while for the coins there are some that goes with bullish of BTC like ETH, just set amount you wanted to reach for that coin.

liltrader

newbie

Activity: 22

Merit: 0

Quote from: joniboini on April 21, 2018, 01:41:25 AM

Your trading routine looks cool. I'm not a full-time trader, but when I trade, I've mostly used TA myself because I don't really have time to search for news. I relied on free telegram channels that share the recent news about coins/crypto in general, but I don't do it too often. You should also avoid trading when Bitcoin is very bullish, as most of the times ALTS would go bearish.

Too bullish bitcoin is a bright idea, thanks. It is logical, that when bitcoin starts to grow, all traders try to transfer funds back intoto bitcoin, to gain on its growth.

What good Telegram channels do you know?

joniboini

legendary

Activity: 2170

Merit: 1789

Your trading routine looks cool. I'm not a full-time trader, but when I trade, I've mostly used TA myself because I don't really have time to search for news. I relied on free telegram channels that share the recent news about coins/crypto in general, but I don't do it too often. You should also avoid trading when Bitcoin is very bullish, as most of the times ALTS would go bearish.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: liltrader on April 20, 2018, 06:41:37 PM

What do you think about my approach?

As we have different approaches on our coins in our beloved portfolio, then we might have different results. As for you, then that's good.

If your current doings is giving you a positive result on the long run, then stick with it with just bit of modifications on the way if necessary. We have different strategies depending on the trend so what matters here is, we are gaining from our own analysis.

Well then just continue your doings as I think you understand the basic trading fundamentals.

Topic: 👓 Trading routine 👓 (Read 265 times)