What are your most effective crypto trading strategies? - page 4.

MusaMohamed

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

1: What trading strategies have worked for you in the past?

Long, short, catch a falling knife are helpful for me but I had losses with them some times too.

Quote

2: How do you manage risk when trading cryptocurrencies?

Don't use all my capital for trading at once. Use stop-loss order, stop-limit order.
One of best weapons in trading - Stop loss order
Stop limit order

Before using stop loss or stop limit order, don't open a position if you see risk:reward ratio is > 1:3

Kgdktac

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Quote from: teosanru on April 20, 2023, 03:33:16 PM

Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?

Let's have a productive discussion and share our knowledge and experience with each other; Thank You

1. Exceptionally well in some types of market but can give adverse results when market shifts.
2. Risk management can be done through accurate sizing of each trade and risk reward management.
3. Earlier it was RSI, MA bands and some what Bollinger bands. Now I use quantitative data much more than just these.
4. Stop losses generally deal with such things but yes sometimes these things can be pretty bad on your portfolio that's why even with stop loss accurate sizing of trade is important.
5. Manually so far.
6. If you are in for money don't do it. If you are in love with trading and watching charts only then continue.

Top Notch, and well outlined and well outlined i must say.

HONDACD125

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Quote

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?

There is no doubt that trading is a tougher job than investing.And trading is always for short term where there is risk of loss along with making good profit. And newbies always lose in trading without experience and expertise. Well, there are many tools and indicators but I always trade by looking at support level and resistance level. I place a buy order at the support level and a sell order at the resistance level. And always minimize my risk by placing the stop loss below the candle bottom of the support level.Newbies should first create a dummy account where they can test trading for some time and experience buying and selling with a dummy account.And when they get the experience of where to enter and where to exit, go and start trading with a small amount in their real account.Most attention is to start trading with small amount. Because even if the trades go wrong in the beginning, the loss is minimal.

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

1: What trading strategies have worked for you in the past?

Buy when everyone is scared and sell when everyone is on hype. I use the greed fear index to have an idea on what’s the community think on the market because most of the time, the trend reverse at some point when almost everyone is onboard.

Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

2: How do you manage risk when trading cryptocurrencies?

I use only 10% or below of my portfolio per trade on a certain token. The only time I put 100% of my token if I’m doing DCA while the price keep dipping multiple times.

Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

3: What are some indicators or tools that you use to inform your trading decisions?

Bollinger Bands and simple determining support/resistance when buying and selling my holdings. I combined it to Greed Fear Index that I mention on my #1 answer.

Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

4: How do you deal with market volatility and sudden price swings?

I don’t trade if I don’t a general idea on the exact direction of the market. It’s better than safe than negative profit.

Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

5: How do you set your buy and sell orders?

I put it near support and resistance but not exactly because my order might not gonna fulfilled if it was place over or lower on S&R. It should be before this important price.

Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

6: What advice do you have for new traders who are just starting out?

Don’t trade when you not sure what’s going on because fear of missing out is always the cause for newbie to commit premature buy and sell.

death69

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1. Over the years, I've dabbled in countless trading tactics, but the one of the best has to be the "dartboard extravaganza." I simply manifest a list of all coins, fling darts with reckless abandon, and voilà! Astoundingly fruitful.

2. For risk management, I'm a staunch believer in the "finger-crossing optimism" maneuver. It's been a trusty companion, barring sporadic night terrors over missed opportunities.

3. Concerning indicators, I've discovered the Magic 8-Ball rivals any intricate technical analysis gizmo.

4. As for market volatility, a hearty inhale and "HODL HODL HODL" chant work wonders.

5. Regarding buy/sell orders, I employ the underappreciated "eeny meeny miny moe" stratagem. Laughable? Perhaps. But astonishingly potent.

6. Newbie traders, heed my wisdom: ignore the masses. Embrace spontaneity and follow your gut. Trust me, I'm a maestro in the field!

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?

Let's have a productive discussion and share our knowledge and experience with each other; Thank You

1: Buy low and sell high. I usually settle for around low to middle-profit margins, anything higher is something I usually take every once and a while but I just didn't want to risk it most of the time.
2: Spreading my portfolio, investing what I can afford, and doing some market research on investment ideas.
3: The basics. Some crypto news outlets as well to keep me updated.
4: I just let it be, panic selling isn't going to do anything so I just either buy more since I believe the coin will perform better later on, or just let it sit there.
5: Manually. Usually based on my own analysis of the market
6: Invest what you can afford to lose, nothing more. It's a guaranteed fact that you're almost always going to lose money, especially at the start.

This is usually when I bother to actually think when trading though. Most of the time nowadays I just accumulate and sell.

wxa7115

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Quote from: irhact on April 20, 2023, 01:32:25 AM

Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

6: What advice do you have for new traders who are just starting out?
Let's have a productive discussion and share our knowledge and experience with each other! Thank You

Start small and increase your risk and capital as you gain more knowledge of the market through experience. I always advise anybody I bring into the cryptocurency market to start with trading Bitcoin against stablecoins and as they begin to understand the market better then they can shift to other pairs and finally trading altcoins entirely because that's where the money is.

I noticed that those who immediately start trading altcoins could get confused and lose to the market as there are so many of them in the market that looks good for trading but are just useless and immediately you buy, you can get dumped on. It's never a good choice to start trading what you don't understand how they behave.

I agree, if a newbie wants to become a trader that is fine, but they need to become a swing trader at first in which their trades can last for a few days or even weeks or months, as in this way they will gain the knowledge and the experience they need to improve their results along their journey.

But instead what happens is that newbies want to trade altcoins, employ leverage while using the 15 minutes chart or even a faster chart, and as you may guess those newbies rarely end up having a successful experience.

teosanru

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?

Let's have a productive discussion and share our knowledge and experience with each other; Thank You

1. Exceptionally well in some types of market but can give adverse results when market shifts.
2. Risk management can be done through accurate sizing of each trade and risk reward management.
3. Earlier it was RSI, MA bands and some what Bollinger bands. Now I use quantitative data much more than just these.
4. Stop losses generally deal with such things but yes sometimes these things can be pretty bad on your portfolio that's why even with stop loss accurate sizing of trade is important.
5. Manually so far.
6. If you are in for money don't do it. If you are in love with trading and watching charts only then continue.

tjtonmoy

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

1: What trading strategies have worked for you in the past?

I have tried many strategies in the past. Many worked for me, many didn't. Based on market condition, it changes. You need to have multiple strategies ready for that kind of changes. Buying low and selling high. You can set multiple order at different price point. It will be filled automatically if the price limit is met. This is a good strategy in spot trading if you are good at market analysis. Still works for me.

Quote

2: How do you manage risk when trading cryptocurrencies?

I only invest what I can afford to lose. And see how much will not affect my assets that much. Based on that, I set my risks.

Quote

3: What are some indicators or tools that you use to inform your trading decisions?

never look at others when trading your assets. DYOR and take decisions based on that.

Quote

4: How do you deal with market volatility and sudden price swings?

DCA. This is the best approach in this kind of situation. Or if you are a long time hodler, just hodl.

Quote

5: How do you set your buy and sell orders?

Based on TA. Same answer for the question no.1

Quote

6: What advice do you have for new traders who are just starting out?

Take your time, start with low amount, point out your mistakes, fix them. You can not master anything overnight. Most importantly, don't give up.

Kgdktac

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Quote from: blockman on April 19, 2023, 05:59:07 PM

I'm not sure if people will consider HODLing as a strategy in trading but this is the most effective for me. When I did multiple times of trading, only a few of them became successful and won.

I tend to agree with you on HODLing, that's how the Biggest ROIs were made and lost too if proper measures were not followed, I can still remember earlier on, My very meek 40$ placed in two silly coins SC and DGB, went on a ride and somehow became $880, I wasn't doing any sort of Trading on them (except if u will call opening my Tabtrader daily and closing it with a grin some sort of Trading). Grin

Lately, I know a whole lot of TAs and EDucation but less Profitable than when I kept things Simple. For me the Journey of moving from Hodling to Trading was a Subconscious shift to impatience from Patience (I don't know for others).

For me the best strategy ive found is to move in early into a good and scaling project and wait, and Hodl. the Likeliness that your Bags will do well and improve over time is above average. example i would hold Arbitrium over Solana, not because Arbitrium is a better project or anything technical like that, but just because it is still morning for arbitrium and bear pressure will affect Solana more (Hodlin big Caps in a bear will teach u sad lessons).
To put it Simple, Market Cycle Affects our Profits and Loss, and understanding it is key to killing it big and also getting to keep what u killed.

irhact

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

6: What advice do you have for new traders who are just starting out?
Let's have a productive discussion and share our knowledge and experience with each other! Thank You

Start small and increase your risk and capital as you gain more knowledge of the market through experience. I always advise anybody I bring into the cryptocurency market to start with trading Bitcoin against stablecoins and as they begin to understand the market better then they can shift to other pairs and finally trading altcoins entirely because that's where the money is.

I noticed that those who immediately start trading altcoins could get confused and lose to the market as there are so many of them in the market that looks good for trading but are just useless and immediately you buy, you can get dumped on. It's never a good choice to start trading what you don't understand how they behave.

Sebas.tian

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Quote from: Kgdktac

6: What advice do you have for new traders who are just starting out?

My advice to new traders is, they should be more focus on their personal research before buying or selling coins for the market, which is very important to every traders who want to be successful in crypto trading. They should not be an hurry to sell their coins without verify if the market price is good at the moment or not before supply to the market, because many traders has lost huge amount of money in the market because they sold when the price of coins are low in the market. Now that the price of Bitcoin is still low in the market, I think it will be effective if all those new traders can buy and hold for the price to increase higher to their satisfaction before they can sell to make profits.

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?

Let's have a productive discussion and share our knowledge and experience with each other! Thank You

1. Buying low and in bulk waiting for it to gain at least 3x to 5x or more.

2. Im a risk taker so as long I could hold out my feelings and emotions, then just hold it.

3. Basically the common one only. Its just a guide anyway.

4. Avoid market trading or swing trade. If the token is highly volatile then set up a stop loss.

5. How to set orders? Using cex like Binance. But if you are using dex, its automatically swapped. But some dapps have this kind of cex feature.

6. Learn everything first from terms, concept, and do simulations and not just go for live trading. Practice first before going hard on betting your money.

mk4

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1. Simply buying fundamentally underpriced assets.

2. By setting percentage allocations depending on how confident/convicted I am with the project.

3. Chart wise? Literally nothing. Purely fundamentals.

4. Nothing. I simply accept that the market is very volatile. When huge price swings to the downside caused by BS FUD happens, I simply scoop up a bit more.

5. Daily TWAP when low liquidity, lump sump when high liquidity.

6. Just do it and accept the fact that you'll be losing money at the beginning. Also, don't take blind bets.

jeraldskie11

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Quote from: DevilSlayer on April 19, 2023, 09:44:37 PM

1. Trading strategies can be depends on what niche that you have, you are the only one who can know it because your niche should be compatible with your personality, character and habits. As for my niche it is swing trading so it is the most effectively for me I buy at support levels and sell it in resistance or whenever there is a selling signals

Swing trading, in my opinion, is not a strategy. It's a type of trader and these are scalping, swing trading, day trading and more. Swing trading is when you leave your trades open for several days. If you are a swing trader, you can employ a variety of strategy.

By the way, the major strategy I employ is SMC, which some call it as a concept. I also know candlesticks, EMAs, Fibs, and many other strategies, but SMC is my main one. They're just use for additional confluence to increase the probability of the trade.

DevilSlayer

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?

Let's have a productive discussion and share our knowledge and experience with each other! Thank You

1. Trading strategies can be depends on what niche that you have, you are the only one who can know it because your niche should be compatible with your personality, character and habits. As for my niche it is swing trading so it is the most effectively for me I buy at support levels and sell it in resistance or whenever there is a selling signals
2. I only have a maximum of 30% of my overall capital in a specific assets, in that way I can manage my risk and I usually allocating only 1% - 2% for my Value at risk, meaning it is the maximum percentage of I will lose if my bias did not work.
3. I only use volume and I purely rely on charts
4. By sticking to my plans
5. Whenever I already created the plan, I stick with it and.order with no hesitation and have supreme confidence
6. Allocate 1 hour daily to improve your trading skills if you want to achieve new heights and improve your overall performance. Remember that your success depends on how you work hard in trading.

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

4: How do you deal with market volatility and sudden price swings?

usually this is the most easy to deal with, usually an app coming from the reputed exchange provides notification that you can set your self that inform you certain price swings have been occurred.
i'd say, even if you don't set it some of the exchange like kucoin still informs its users regardless of the setting the user has,i could be wrong in this one though, usually the strategy that I commonly used, instead of looking up at its chart which shows the technical aspects of what currently is happening, i look up for the news in regards of the coin itself, this could help tremendously in making informed decision in trading in which definitely sets you up for the upcoming future of the coin itself.

JeffBrad12

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speaking from my experience, trading in short term basis incur losses more often, since the movement of the markets usually out of the prediction, heck even there was saying that the general trading analysis strategy exists just for the whales to determine how the individuals traders are gonna be making their move which does make sense if you think about it further. I'd say i agree with those that saying holding or investing in general would be a lot more profitable and easier too, usually it can't be denied that sometimes opportunity arises if we're patient enough in waiting until the next cycle of bullrun after accumulating hugely around bearish. but one could always say that holding in general require too much time that sometime for some people it just doesn't cut it. but if i were to be trading around short term and limited amount of time frame, i'd say try to find some coin that has lost its valuation hugely due to some silly events like airdrops and then accumulate around bottom, you could figure out the bottom relatively easily with these coins and there's bigger chance that it will recover within days.

blockman

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I'm not sure if people will consider HODLing as a strategy in trading but this is the most effective for me. When I did multiple times of trading, only a few of them became successful and won.

Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

6: What advice do you have for new traders who are just starting out?

Be cautious with your trades but don't be too aggressive with your trades because you'll never know how the market will be against you. Always have that tip to only invest what you afford to lose.

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Quote from: Kgdktac on April 19, 2023, 04:54:59 PM

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?

Let's have a productive discussion and share our knowledge and experience with each other! Thank You

1. Lots of ways and methods basing up on the market condition.There's no specific strategy does work out all the time.
2. Always manage your finances well and be mindful about risks management and of course with your emotions
3. EMA,MACD,FIB,BB
4. Move on, market prices is always been volatile.It could fucked up your TA so easily
5. When my TA's does have that confirmation and does give out that point its a good entry then im doing it
6. Take it slow, dont make things in a hurry.Try to familiarize everything from those trading methods until on observing on how this market behaves.
Rest of learning would really come through real experience.

Topic: What are your most effective crypto trading strategies? - page 4. (Read 615 times)