Topic: What is your trading plan? - page 41. (Read 31361 times)
Now it is still difficult to plan that either now it is necessary to take a wait-and-see moment
What are the strategies that you use for take more profit whether you are in short term trading or long term trading ?
I think waiting is the easiest and most difficult strategy. We buy coins to sell them at a higher price. And between the two parts there is another part that must be passed, that is waiting. Maybe wait when the price is slightly down is not too difficult, the more difficult is to wait when the price starts to rise. And this strategy is very important to create optimal benefits.
I use simple strategies - buy on bottoms and sale on peaks, it's a long-term strategy for one year. I use news, as well as technical analysis to forecast the rate and choose a strategy. Of course, not everything goes smoothly, especially the last downturn was absolutely unpredictable.
Mostly my trading plan has always ben to buy when the price of an altcoin goes down then buy as much as I can afford, wait for the price to go back up then sell again. I am not a pro though so this is how i make sure I don't make losses
My trading plan is different that others. I will devide my capital in 4-5 good and strong coins like i will invest my 25% capital in Bitcoin because Bitcoin is the king of this crypto market and all coins follows bitcoin. Other 25% capital i will invest in Ether because Ether is very strong and much in demand this days. Other 50% capital i will go for good altcoins like Tron, Golem, Steller and Cardano. By this way if any one coin fall might other coin can pump and if Bitcoin pumps well rise just 15-20% from current level they all other coins will rise more than 30% so by this way my investment will be balanced and risk free.
What are the strategies that you use for take more profit whether you are in short term trading or long term trading ?
Simple strategy like patience is a good strategy. Many people haven't patience about the trading, Example: They sold their coins at low price because they down their investment money at 3 to 4% so they panic. and cut their lost. But if we have patience and good timing we can profit.
I'm waiting BTC move, I will buy BTC and then some good coins with dropped prices when BTC sees the dip then confirms trend reversal.
What are the strategies that you use for take more profit whether you are in short term trading or long term trading ?
I engage in both short term and long term trading to make my profits. Firstly, i do short term trading when the coin is new on the market and picking up volume each time. In such events, you can earn much due to the frequent rise and fall each time as the people do not know the real value of the coin until it takes some time. For the long term trading, i choose the large cap coins like ETH and BTC.
The strategy I use in trading either for long or short term is to buy when there is a dip and sell when the price is higher. I buy coin that I know are very potential during this period and wait till the market recovers and price of coin increase before I trade them to get reasonable amount of profit.
What are the strategies that you use for take more profit whether you are in short term trading or long term trading ?
I do a mix of both short term and long term investing. I consider it short term investing when a spike occurs mid waiting and then selling mostly half of my holdings when spikes occur. Long term strategy for me is just holding. It's very boring and it has no thrill. Mixing the 2 strategies is really fun specially when you trade at your spare time.
in general, we want to earn profits by buying cheap and selling at an expensive price. but the current market situation is not possible for it, at least to gain profit in the short term. so I just go to buy and hold. because the price can not rise in the near future. So, just patience and wait.
Trading in the virtual money market is easy. Easy to win. It's easy to lose. I buy and sell bitcoin. The value is to buy low and sell it worthwhile.
this all depends on what will be better about the current market conditions, but the strategy of holding, waiting, selling, and buying it is a very good thing but must be compatible in conditions that will benefit us later and Then we have to self-discipline .
I recently transferred the crypto currency to USD and now I'm waiting finish of the falling, after that I'm going to buy bitcoin and etherium again. I hope there will be a new wave of growth.
What are the strategies that you use for take more profit whether you are in short term trading or long term trading ?
I only go for long term trading, and in terms of profit taking, I think it is safest to take partial profits all the way up. Doing that way will guarantee that you will not miss any profit, and also take more profit if it continues to go up.
I have the depo into three parts - USD, BTC and altcoins
Always keep in USD from 10% of the total amount to buy more if the market goes down like now
Always keep in USD from 10% of the total amount to buy more if the market goes down like now
My trading plan for this year is to hold most of my coins. Looking at the market now, most of the coins have dropped in terms of their price and it is good time to hold. It is obvious that by the end of this year the price will rise. I may buy some and hold in addition to my already coins.
It depends on what will be the condition in the market. The strategy of hold, wait, sell and buy is good but it must be compatible in the condition that will be for your side of profit. Then lastly the self discipline.
maybe what I'm doing is the most basic way I'll buy a coin when the coins are low then I hold it and wait for the coin price to go up again so I can sell it and get the profit and I do for the short and long term
I stick with the common trading plan of buying low and selling high. This is not possible all the time, just think of the ongoing scenario where the price continues to drop without forward price pumping creating a difference between the selling and buying price in a very small time period.
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