What is your trading strategy? | Bitcointalksearch.org

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Quote from: stomachgrowls on December 21, 2024, 02:08:45 PM

Quote from: Ndabagi01 on December 18, 2024, 11:51:00 AM

-snip-

Learning will really be that endless on which we know that this market does really have tons of variation on which it will really be needing up that different trading style and variations too basing up on the market condition. There are those individuals that do expect too much about positive about trading on which at the time that they do make profits then this is where they will really be having that carelessness and would be stopping on learning because they do really that get contented on what they do have and sticking into one kind or type of strategy. We are the ones who do make out such strategies on the moment that we will be dealing with it.

Just go with the flow and dont make yourself that having that kind of desperation at the moment that you do make out some trades. The main issue of most people is that on the time that they do pursue out on doing trading then they do have forgotten their risks management on which this is something that not really recommended. When it comes to skills enhancement then it will really be just that depending on you on how you would gonna deal with it.

Market dynamics are always present - prices will always fluctuate. If your strategy is profitable today - it doesn't necessarily mean it will be profitable tomorrow. Someone buys on a dip and sells when the market recovers - but there are times when they have to see another dip that makes their position a loss. It's hard to predict where prices will stop falling when there is high selling pressure like there has been recently - it has liquidated so much of traders' money in the futures market.

What can we learn from that incident - I think one of them is don't put 100% of your budget on futures trading. It's a good idea to trade on spot - avoid trading futures if that's the only budget you have. Of course there is no reason to stop learning because this market changes too often and is surprising.

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Quote from: Ndabagi01 on December 18, 2024, 11:51:00 AM

Trading is a very big school of learning on its own. Everyone have their own method of learning and understanding the market. You may have been thought the same thing in class, but every student have their own way of understanding and explaining Bach what they’ve learnt while putting it into practice. Just picture trading as something of that nature, you cannot learn in class and say you’re already knowledgeable after that. You need to put in more effort and consistent practice in order to be perfect more in trading.

You can go to the same school and class with the same person and they will come out more excellently than you, that’s how trading is. You may use a person strategy and still not work for you because he understands and can apply it more as a result of his extensive learning of the market than you. Trading is not easy and to become profitable in it, you have to be serious and learn to the fullest that the market won’t scare you to trade again.

Learning will really be that endless on which we know that this market does really have tons of variation on which it will really be needing up that different trading style and variations too basing up on the market condition. There are those individuals that do expect too much about positive about trading on which at the time that they do make profits then this is where they will really be having that carelessness and would be stopping on learning because they do really that get contented on what they do have and sticking into one kind or type of strategy. We are the ones who do make out such strategies on the moment that we will be dealing with it.

Just go with the flow and dont make yourself that having that kind of desperation at the moment that you do make out some trades. The main issue of most people is that on the time that they do pursue out on doing trading then they do have forgotten their risks management on which this is something that not really recommended. When it comes to skills enhancement then it will really be just that depending on you on how you would gonna deal with it.

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There are several strategies that I have but no more than 5 of which one of the most effective in my opinion is SND (support n resistance), this is a strategy that combines several indicators to then be adjusted to the trend that is being formed at the same time which will tell me about the current market conditions and when is the right time for me to open a trade, so this is a strategy that combines several indicators such as RSI, EMA and Stochastic to find out whether the price is currently in the resistance or support area, and after that I usually look at the formation of the candlestick first (so you also need to know about some candles that give reversal indications), and when everything has shown the same direction that's where I open the trade.
So in simple terms my strategy is more directed at scalping by taking advantage of weak points or corrections at certain moments, but of course it doesn't mean without risk, but when compared to my other strategies I think this is much more effective. Wink

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Quote from: tygeade on December 17, 2024, 12:55:19 PM

Quote from: Jegileman on December 16, 2024, 02:02:28 PM

Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

Indicators? I don’t think I have ever used that or even know how to use one. Strategy that works for trading are many and you just have to look for the one that works best for you, the one you’ve mastered and applied to your trading and gives you good results most of the time. No any strategy is 100% perfect and none of them are not good, all of them have their own way of making you to analyse and understand the market with their criteriums.

When most of this criteria’s are reached, it is good you enter the market and wait for the market to play out in your favour (which is more likely) or go out of you favour since none is 100% perfect to give you good result. The trading market is full of ups and downs and when you’re able to get a good understanding of the market, then you’ll be made forever. The trading market is about 90% knowledge and when you’ve hacked it, you’ve won over the market already.

I mean indicators definitely do a lot better, that has to be the most important part, because indicators definitely mean something and could make a lot of money and that has to be the most important part and if we can make that work one way or another. If you can spend some time and learn indicators that should be something much better without a doubt.

I hope that we can definitely see this growing a lot better and this could be the most important part, if we can make this work then we can definitely grow a lot better and could see plenty of profit if we know how to use indicators properly. That is definitely a difficult task, after all we are seeing something major here and that has to be the most important key figure here.

Yes, indicators are definitely good for you and people should learn it very well. If you could learn what indicators mean and how to use them, you are going to end up with a great result without a doubt, a lot of people do not realize what that means and how to use it and that's why they face a lot of issues, getting them properly lined up and learning how to use them could make someone a great trader without a doubt.

There are a lot of people who never learn how to do any of it, and that's not a good result at all, it doesn't really make anything change at all and this is the problem, we need to learn how to do a better job and that has to be the thing that makes things change a lot more on the long run for sure.

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Quote from: EarnOnVictor on December 18, 2024, 03:27:41 AM

This is not to question your trading prowess but just being inquisitive about it: how convenient is it for you to solely use trading indicators? Are your earnings results satisfactory to date?

Not sure about him, but I'm also someone who really use indicators daily as a trader and I can say that trading indicators do work very well when you master them fully. Personally, for me some trading indicators like RSI, Bollinger Bands, and Stochastic RSI are the ones that worked almost in most times.

Those indicators give way better results if they are combined with trend, however someone who masters those indicators really doesn't care much about the trend. Another indicators that works for me and for most traders is volume, and it's truly an amazing indicator.

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Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

I use smart money concept, I rarely use the indicators I have on my trading view though, Nowadays it is just raw price action.

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Quote from: EarnOnVictor on December 18, 2024, 03:27:41 AM

Quote from: Peanutswar on December 01, 2024, 07:22:02 AM

Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

Currently I'm using with the indicator of MACD, RSI and Bollinger bands, these helps to my day trade I don't have time sometimes doing a short trading lower than the day trade time frame, actually these are the basic indicators now next I recommend you to learn is with the technical analysis of the market, the candle stick patterns and future movement because its a combination if you get lost with your indicators at least you have a backup plan whats your next move to the current market changes.

This is not to question your trading prowess but just being inquisitive about it: how convenient is it for you to solely use trading indicators? Are your earnings results satisfactory to date?

I'm curious because I have been trading for many years and I found it strange for anyone to rely solely on indicators. I don't know the indicator you can mention on any trading platform that I've not used, and even the numerous customs indicators. They all tend to move relatively to the market price which make them confusing to mislead the trader.

Trading skills should not be tied to the index. A trader's patience and success are linked to the rise and fall of the index. You are experienced and at the same time with the crypto potential. It may be advice for those who are less experienced and are more focused on buying at lower prices.Regular buying is the key to successful investment regardless of the price.

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Trading is a very big school of learning on its own. Everyone have their own method of learning and understanding the market. You may have been thought the same thing in class, but every student have their own way of understanding and explaining Bach what they’ve learnt while putting it into practice. Just picture trading as something of that nature, you cannot learn in class and say you’re already knowledgeable after that. You need to put in more effort and consistent practice in order to be perfect more in trading.

You can go to the same school and class with the same person and they will come out more excellently than you, that’s how trading is. You may use a person strategy and still not work for you because he understands and can apply it more as a result of his extensive learning of the market than you. Trading is not easy and to become profitable in it, you have to be serious and learn to the fullest that the market won’t scare you to trade again.

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Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

I have the simple strategy to buy low and sell high - the order in which these two are done does not matter they can be done in reverse as well - something that new traders often dont realize in their early days.

Indicators only "indicate" the market trend, they dont set it and neither are they 100% accurate. You may get an idea from them but dont focus completely on the numbers. Rather observe previous charts and consider the current news trends to be able to make a better prediction.

Crypto markets tend to flip very quickly as compared to stock markets thus making most indicators useless.

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Quote from: Peanutswar on December 01, 2024, 07:22:02 AM

Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

Currently I'm using with the indicator of MACD, RSI and Bollinger bands, these helps to my day trade I don't have time sometimes doing a short trading lower than the day trade time frame, actually these are the basic indicators now next I recommend you to learn is with the technical analysis of the market, the candle stick patterns and future movement because its a combination if you get lost with your indicators at least you have a backup plan whats your next move to the current market changes.

This is not to question your trading prowess but just being inquisitive about it: how convenient is it for you to solely use trading indicators? Are your earnings results satisfactory to date?

I'm curious because I have been trading for many years and I found it strange for anyone to rely solely on indicators. I don't know the indicator you can mention on any trading platform that I've not used, and even the numerous customs indicators. They all tend to move relatively to the market price which make them confusing to mislead the trader.

tygeade

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Quote from: Jegileman on December 16, 2024, 02:02:28 PM

Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

Indicators? I don’t think I have ever used that or even know how to use one. Strategy that works for trading are many and you just have to look for the one that works best for you, the one you’ve mastered and applied to your trading and gives you good results most of the time. No any strategy is 100% perfect and none of them are not good, all of them have their own way of making you to analyse and understand the market with their criteriums.

When most of this criteria’s are reached, it is good you enter the market and wait for the market to play out in your favour (which is more likely) or go out of you favour since none is 100% perfect to give you good result. The trading market is full of ups and downs and when you’re able to get a good understanding of the market, then you’ll be made forever. The trading market is about 90% knowledge and when you’ve hacked it, you’ve won over the market already.

I mean indicators definitely do a lot better, that has to be the most important part, because indicators definitely mean something and could make a lot of money and that has to be the most important part and if we can make that work one way or another. If you can spend some time and learn indicators that should be something much better without a doubt.

I hope that we can definitely see this growing a lot better and this could be the most important part, if we can make this work then we can definitely grow a lot better and could see plenty of profit if we know how to use indicators properly. That is definitely a difficult task, after all we are seeing something major here and that has to be the most important key figure here.

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Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

Indicators? I don’t think I have ever used that or even know how to use one. Strategy that works for trading are many and you just have to look for the one that works best for you, the one you’ve mastered and applied to your trading and gives you good results most of the time. No any strategy is 100% perfect and none of them are not good, all of them have their own way of making you to analyse and understand the market with their criteriums.

When most of this criteria’s are reached, it is good you enter the market and wait for the market to play out in your favour (which is more likely) or go out of you favour since none is 100% perfect to give you good result. The trading market is full of ups and downs and when you’re able to get a good understanding of the market, then you’ll be made forever. The trading market is about 90% knowledge and when you’ve hacked it, you’ve won over the market already.

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Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

I don't have any trading strategy as such for trading but I do some trading from the dumping and pumping of the market like when the market is dumping a lot I buy from the market and hold for some time then if the market goes up then I sell and take a small profit. I don't take a big profit I sell only when there is a small profit.I also don't get overly greedy because overly greedy never brings good results.

I have seen that there are various indicators on the trading platform, but to be honest, I do not know the correct use of all these indicators. However, my the opportunities that are available on the trading platform are EMI, VOL, RSI. My trading platform has these few indicators.

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Quote from: el kaka22 on December 13, 2024, 02:49:43 PM

Everyone has their own kind of trading, and not all of them are the same. Not the failed ones, not the good ones. You can check two people who made a lot of money from trading, and you can see that they have very different methods, and you can see two people who traded and lost a lot of money and both could have different methods as well. It's never the method, it's always the person, a good trader could be using a method and make a lot of money while a bad trader would use the same thing and lose a lot of money.

Methods are only methods and success of other traders don't mean you can succed if you apply their methods. Because they are different people and traders than you, with different emotion and psychology as well as ability to control themselves and perhaps successful traders are more disciplined than you. If you copy their methods, but you are worse in all these things, you will fail. Additionally, different traders have different positions with their available finance and trading capital as different taste and ability to accept risk or tolerate risk, that is another decisive contributor for trading success or failure.

Quote

This is why always end up learning about trading and be better at it because it worths it, if you invest into yourself then you could make a lot more money, too many people ignore that part of the trading world.

Learning, practicing and learning from your experience is only ways to succeed in trading. But the pain is, that progress takes time and takes your money too, so if you are not ready to pay cost, don't trade. Rather than trading, let's focus your main activities on Investment: Buying and Holding your bitcoin!

The HODL camp map shows that if you can HODL, you can be rich.
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Bitcoin profitable days chart shows the same fact.
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Everyone has their own kind of trading, and not all of them are the same. Not the failed ones, not the good ones. You can check two people who made a lot of money from trading, and you can see that they have very different methods, and you can see two people who traded and lost a lot of money and both could have different methods as well. It's never the method, it's always the person, a good trader could be using a method and make a lot of money while a bad trader would use the same thing and lose a lot of money.

This is why always end up learning about trading and be better at it because it worths it, if you invest into yourself then you could make a lot more money, too many people ignore that part of the trading world.

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Quote from: Ekanayake90 on November 24, 2024, 03:49:39 AM

What trading strategies do you use and what indicators tend to give you the best results? And how many indicators are you guys using at once?

I use 4 EMA and RSI indicator, and the best results I only get them in bullish market like now, indicators are of great help as with 4 EMA I can draw resistances and supports for a token, and I can easily find when I have to take entry and when I should be taking an exit. This way I can make profit and by sticking to my plan I can avoid loss too I only do spot so even if any of my trades goes in loss I don't exit until I am all secure or in profit if there is any potential to make it.

I mostly trade in high caps, like from top 100 because they give the most profit in time like these. My only strategy is to when we make profit just book the profit (only the profit) if token have good potential to grow in long run or exit the trade with profit if token have no potential to grow in the long run. This way I made good profit in less then 20 days.

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Quote from: betswift on December 05, 2024, 03:47:08 AM

Where do you search for a trend line, or do you do it yourself?

Trading with the trend is one of the reliable means to trading out there, I mean it’s what I learnt trading with even though I’m still not all that profitable in it.
Trends isn’t some indicator or tool available to you by default. You always get to define your trend by applying certain lines from the tools available to you. You draw the lines, making all the critical points either Higher highs or lower lows, ensuring you touch certain points, either the tail or your candle stick or the body. It’s always up to you to define that which is okay with you. Either way, it does help to ensure your not trading against the trend.

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Quote from: Adams0001 on December 12, 2024, 11:41:51 AM

Exactly because any techniques that haven't worked for anyone, he should look for another one and try if he can make a profit by changing it. If you see that anything you're doing isn't working for you, you'll try something else. That is why you should hire a metor who understands trading and can guide you through each step of the trading process, but I have noticed that some individuals choose to study on their own so that they do not spend a lot of money. And if you want to achieve anything on it, you must make sacrifices before winning. In trading, you certainly spend a lot of money before you can be flawless and start achieve huge profit on it. And some are using one strategy on trading and is favorable for them and getting better profit anytime the market go well. Trading is risk and when you are afford to lose you will get something at of it because if you didn't try to risk you will never succeed on trading.

In addition to the courage to take risks, you must also know the limits of your ability to minimize the risk of your trade. Don't be too hasty in using big money when you try some trading strategies that you haven't succeeded in doing. Initial losses are common, some traders can't accept continuous losses in the process. They don't have enough skills and understanding to trade. Make sure when you experience a loss in trading, you get a new lesson. That's from the mistakes you make and try to perfect them on another occasion.

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Quote from: Sebas.tian on December 04, 2024, 10:39:05 PM

Quote from: Dewi Aries on December 04, 2024, 04:34:32 PM

I don't have too many strategies, at first of course I also studied various things to get more strategies but believe me that actually the more strategies you have, sometimes it will make you confused in determining the moment and that is the biggest reason why I prefer to only use a few one or two of my strategies, I always remember this proverb that "one strategy that continues to be honed is much better than 1000 strategies that are only trained once".

The main reason some traders are using many strategies is, because they are not very sure if the strategies they are using will give them good results at the end of the market. As a trader that have experience, you don't need to have many strategies before you can achieve income from the market, because the major skills you need to succeed in the crypto trading is to have the strategy that will favour you whenever you are trading your crypto in the bullish season. Long holding and watch the marke is a good strategy some traders use to make income from trading, because the more you hold the coins for long term will determine the kind of income you will achieve when the bullish season finally appear.

Exactly because any techniques that haven't worked for anyone, he should look for another one and try if he can make a profit by changing it. If you see that anything you're doing isn't working for you, you'll try something else. That is why you should hire a metor who understands trading and can guide you through each step of the trading process, but I have noticed that some individuals choose to study on their own so that they do not spend a lot of money. And if you want to achieve anything on it, you must make sacrifices before winning. In trading, you certainly spend a lot of money before you can be flawless and start achieve huge profit on it. And some are using one strategy on trading and is favorable for them and getting better profit anytime the market go well. Trading is risk and when you are afford to lose you will get something at of it because if you didn't try to risk you will never succeed on trading.

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Quote from: ? on December 05, 2024, 03:48:27 AM

Also because the market changes - and the strategies for it should change by the people on it too.
Otherwise, depos will be burnt.
Some do it to diversify the risks, others - just to adapt.

Those who are adapting to the market are usually people who have not been in the crypto market for long so that they are still not used to market conditions that often change in a matter of days so that such people also rarely trade regularly in the market. While some traders who often diversify risk in the market are people who have been able to maintain their capital very well because they will sometimes sell first when the price is high or when the market starts to show signs of price correction in some coins so that they can buy back at a lower price with the results of previous sales at a slightly higher price.

Topic: What is your trading strategy? (Read 1102 times)