What is your trading strategy? - page 2.

boyptc

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Quote from: fikrett on December 09, 2024, 09:06:26 AM

Quote from: boyptc on December 08, 2024, 05:51:13 PM

Fundamentals are the indicators that I am having because it doesn't have to be tricky at all understanding some lines and charts.

All I have to do is to see if some negative or positive news are out there specifically for a project or for the entire market. But it's not always effective.

Sometimes, there have been some news that goes oppositely to the news that I have read but still, it's an effective strategy for me when I trade for a day or two or more.

What projects you've considered potentially worthy considering venturing into?

Let's not go that far, BTC.

I don't want to say some other projects that I am trying to watch out for me not to make myself look like a shill. But that's how it goes for me whenever I look at the negative or positive news.

Like what's happening now, I don't know what is happening and the market is dumping.

Quote from: Jody.Drummer on December 09, 2024, 11:24:21 AM

What you convey is something true, we can see from the news that is spread about bad or good news that will ultimately affect market movements. Although we must also be able to see from very trusted sources to apply it, because some of them are sometimes not in line with what is happening. This is widely used by traders and they say this method is effective to use. But of course this is not the only thing we can do, because there are still many other factors that must be considered so that our trading can generate profits.

Yeah, trusted and verified sources.

And that's why we need to gather from various sources so that we'll be able to check everything in the news is either true or made to spread FUD.

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Quote from: Jody.Drummer on December 09, 2024, 11:24:21 AM

Quote from: boyptc on December 08, 2024, 05:51:13 PM

~~~

What you convey is something true, we can see from the news that is spread about bad or good news that will ultimately affect market movements. Although we must also be able to see from very trusted sources to apply it, because some of them are sometimes not in line with what is happening. This is widely used by traders and they say this method is effective to use. But of course this is not the only thing we can do, because there are still many other factors that must be considered so that our trading can generate profits.

Good or bad news about bitcoin is a fundamental that every trader needs to pay attention to. News can certainly influence interest, demand and supply of assets traded on the market, including bitcoin. So it is not surprising that there are traders who only rely on these fundamentals to gain profits from trading, that is also a trading strategy.

Combining fundamental and technical analysis will certainly be better to support trading success, but both are only supporting factors and not determining factors. I'm not sure how people who rely solely on the news to trade do, but they exist and do it well.

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Quote from: boyptc on December 08, 2024, 05:51:13 PM

Fundamentals are the indicators that I am having because it doesn't have to be tricky at all understanding some lines and charts.

All I have to do is to see if some negative or positive news are out there specifically for a project or for the entire market. But it's not always effective.

Sometimes, there have been some news that goes oppositely to the news that I have read but still, it's an effective strategy for me when I trade for a day or two or more.

What you convey is something true, we can see from the news that is spread about bad or good news that will ultimately affect market movements. Although we must also be able to see from very trusted sources to apply it, because some of them are sometimes not in line with what is happening. This is widely used by traders and they say this method is effective to use. But of course this is not the only thing we can do, because there are still many other factors that must be considered so that our trading can generate profits.

fikrett

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Quote from: boyptc on December 08, 2024, 05:51:13 PM

Fundamentals are the indicators that I am having because it doesn't have to be tricky at all understanding some lines and charts.

All I have to do is to see if some negative or positive news are out there specifically for a project or for the entire market. But it's not always effective.

Sometimes, there have been some news that goes oppositely to the news that I have read but still, it's an effective strategy for me when I trade for a day or two or more.

What projects you've considered potentially worthy considering venturing into?

boyptc

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Fundamentals are the indicators that I am having because it doesn't have to be tricky at all understanding some lines and charts.

All I have to do is to see if some negative or positive news are out there specifically for a project or for the entire market. But it's not always effective.

Sometimes, there have been some news that goes oppositely to the news that I have read but still, it's an effective strategy for me when I trade for a day or two or more.

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Quote from: Ricardo11 on December 07, 2024, 04:37:13 AM

In fact, for a new trader, Proper market research is very much important when trading, because when we fail to adopt the right strategy, our chances of loss will be much higher.
You can never trade using multiple strategies or the same strategy, you have to change the strategy according to the market situation, and the same strategy will not work all the time, so when you trade, you have to be able to use the right strategy according to the current market situation at that time.
And to fully understand this, a new trader must first know everything about trading. No one can be greedy, and trading cannot be done on emotions, a trader can achieve success in trading only through the right strategy and long-term perspective.

It is better to make a good research before any other thing and that is why they have been a lot of failed traders just because they have failed to learn to do proper research, and its only when you make proper findings that you will know exactly the step to take, and not just doing things blindly and not following proper information that is one of the things that kill a lot of interested people they are not really ready to learn, the moment a wrong step is taking then just as you said then you chances of losing money have just increased.

And the more you practice the more you learn because experience is usually the best teacher and am very sure no one will want to make the same mistakes twice, because the danger there is already know, and even when you want to take some risk you would have known the right thing to do before taking it and if the rules is not played by the it is going to be easy because if anything should happen the blaming should go to you directly. This thing are easy just follow the rules.

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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.

In fact, for a new trader, Proper market research is very much important when trading, because when we fail to adopt the right strategy, our chances of loss will be much higher.
You can never trade using multiple strategies or the same strategy, you have to change the strategy according to the market situation, and the same strategy will not work all the time, so when you trade, you have to be able to use the right strategy according to the current market situation at that time.
And to fully understand this, a new trader must first know everything about trading. No one can be greedy, and trading cannot be done on emotions, a trader can achieve success in trading only through the right strategy and long-term perspective.

fikrett

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Quote from: Zoomic on December 04, 2024, 04:04:33 PM

Many newbies do this because they have been exposed to too much information. Information they got from YouTube videos, mentors, forums, online tutorials, and lots more. Many of them who lack confidence in themselves would be tempted to try out every single strategy they learn, maybe profits may come Roll Eyes

but, that is obviously not a right thing to do as it might make the newbie trader miss some good opportunities and even get confused at some point.

For every newbie, patience and focus should also be seen as a strategy. Trying out multiple strategies, especially strategies they are not even sure of, does not increase their chances of success. Learning is a gradual process.

I do think a newbie should choose 2-3 strats and work around them.
Hone them up and adapt them to his own view - for them to work on the current market.

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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.

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.

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Quote from: Ararbermas on December 05, 2024, 02:17:58 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?

for me the best strategy is using the liquidity on the market and on it so far i have a good percentage compare to the other strategy like indicators and etc. because to be honest I've been using a lot of strat but it seem leading me to losses and somehow break even. So i studied the liquidity and until now still smooth as a main strategy. And i am using trend line for my entry.

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

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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?

for me the best strategy is using the liquidity on the market and on it so far i have a good percentage compare to the other strategy like indicators and etc. because to be honest I've been using a lot of strat but it seem leading me to losses and somehow break even. So i studied the liquidity and until now still smooth as a main strategy. And i am using trend line for my entry.

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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.

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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".

For the strategy itself, I usually always make SND (support and resistance) as my favorite strategy by adding some indicators provided such as RSI and EMA, it can be said that I am a typical trader who trades with scalping techniques by taking advantage of the moments of reversal at several price points that look like they are starting to weaken, and so far the strategy has been quite consistent in providing benefits for me, you can try it. Wink

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Quote from: Alone055 on November 30, 2024, 06:54:17 AM

Quote from: Odusko on November 30, 2024, 06:33:33 AM

A lot of strategies are in trading, but have a handful pick of one or two and study them well. It will really help you in your trading journey and to be a good and profitable trader.

A lot of new traders make this mistake. They try to master everything and use them all at once. Although there is nothing wrong with learning everything possible, one should ensure they do not overdo things at all times. If you need to use only one or two indicators, you shouldn't use more than that with the hope that you might do better that way. Excessive use of anything can ruin the essence and affect the results.

Many newbies do this because they have been exposed to too much information. Information they got from YouTube videos, mentors, forums, online tutorials, and lots more. Many of them who lack confidence in themselves would be tempted to try out every single strategy they learn, maybe profits may come Roll Eyes

but, that is obviously not a right thing to do as it might make the newbie trader miss some good opportunities and even get confused at some point.

For every newbie, patience and focus should also be seen as a strategy. Trying out multiple strategies, especially strategies they are not even sure of, does not increase their chances of success. Learning is a gradual process.

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Quote from: goldkingcoiner on November 27, 2024, 01:00:28 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?

1. Never sell on a loss. Bad trades go into the hodl pile.
2. Do not worry about how low the lowest price will be. Just buy the dip.
3. Keep your emotions in check and do not trade when you are emotional.

..This is some solid advice! Holding onto losing trades can work in long term strategy but its important to still reassess them periodically. Buying dips is great but timing matters too. Keeping emotions in check is key, trading with a clear head helps you stick to your plan instead of reacting impulsively.

Survival is the most effective strategy in trading, especially if you have long-term goals. But certainly in trading, having many skills, many strategies, and having a lot of information is not enough. But we must be accustomed to discipline and maturity towards emotions because both play a very important role in achieving success in trading.

At all times we must be able to control our emotions because making decisions in an emotional state will affect the trading goals we are targeting, especially when the market is fluctuating. Managing emotions is very useful for both beginner and advanced traders because when we can control our own minds, we can make money with any strategy we have learned.

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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?

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.

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Quote from: Ricardo11 on November 29, 2024, 04:11:19 AM

I agree with you, the trading market is changing, so the same strategy will not always work in this changing market. I agree with you that the importance of fundamental market analysis is essential in trading.
All in all, a new trader needs to learn everything patiently, and have a good understanding of all aspects, and always analyze the market movements, and trade using the right strategy at the right time.

The percentage of success in trading is very small because there are many risks in it and if someone does not have good knowledge, it will actually make them lose some money that is not needed. Trading also requires control because if someone is excessively involved it will cause problems, especially if their trading knowledge is not professional and unable to minimize the risk of loss. It is better to be involved responsibly and know when to enter the market to try to open an order position because most traders do not have a strategy so they are seen in trading only relying on instinct and will eventually lose some money. It is not easy to trade if you do not have knowledge because there are many things to consider before getting involved directly in it.

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Quote from: Odusko on November 30, 2024, 06:33:33 AM

A lot of strategies are in trading, but have a handful pick of one or two and study them well. It will really help you in your trading journey and to be a good and profitable trader.

A lot of new traders make this mistake. They try to master everything and use them all at once. Although there is nothing wrong with learning everything possible, one should ensure they do not overdo things at all times. If you need to use only one or two indicators, you shouldn't use more than that with the hope that you might do better that way. Excessive use of anything can ruin the essence and affect the results.

I have also witnessed a lot of newbie investors over-diversifying their portfolios. We often say that diversification is a good thing and one shouldn't keep all their eggs in one basket, but this doesn't mean one should have 20 different tokens with $10 invested in each with a $200 capital. That is too much, and similarly, if you use two many indicators and strategies at once, you will only confuse yourself and ruin your trades.

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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?

The number of indicators doesn’t matter in most cases when it comes to a trading strategy to me. When you have a strategy that works for you, there will be some certain things you’re always looking out for in the charts before you’ll take those trades, when you’re able to see 80-90% of them, it’s already showing that it’s a high winning probability trade that you can trade on. Taking those trades does not guarantee winning them but most times you’ll get some reasonable amount of profits even if the trade will go against you later. A reason why taking partials or break even is important while trading. A lot of strategies are in trading, but have a handful pick of one or two and study them well. It will really help you in your trading journey and to be a good and profitable trader.

Ricardo11

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Quote from: MarjorieZimmermanGinger on November 30, 2024, 12:40:24 AM

Quote from: Ricardo11 on November 29, 2024, 04:11:19 AM

I agree with you, the trading market is changing, so the same strategy will not always work in this changing market. I agree with you that the importance of fundamental market analysis is essential in trading.
All in all, a new trader needs to learn everything patiently, and have a good understanding of all aspects, and always analyze the market movements, and trade using the right strategy at the right time.

The most important thing to try to learn to be responsible and continue to hone your ability to improve your trading skills because by doing so we will definitely be more experienced in dealing with trading. Fundamental analysis will be formed when we understand the basics of trading well so that we can try in smaller amounts first and after the trading experience improves, then we will try to trade in larger amounts than before. Trading is indeed not easy because there are many considerations that need to be learned, but as long as we want to learn, there must be a way to get involved in trading that is much more responsible in dealing with risks.

Yes, to become a good trader, we also need to have a continuity in learning trading. There is a lot of difference between demo trading while learning trading, and trading with real money.
After learning trading for a new trader, when he first trades with real money, the main purpose of trading should be to gain real experience. First, you have to start trading with a small amount of money and see where you make mistakes, later you have to pay more attention to that area.
In total, a trader should always have a tendency to learn, never think that you know everything about trading now, because many experienced traders also make mistakes, no one is 100% accurate.
So be responsible, always have a tendency to learn, trading is not an easy thing, it requires deep knowledge.

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