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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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 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.

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.

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.
https://hodl.camp/

Bitcoin profitable days chart shows the same fact.
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

Every coin is unique, so you can't exactly tell what indicator you need to use for each project. It depends on the market performance and project developments as to how you will assess their profitability. Also, learn how to get some insights from the developers of the coin as you will have idea what are they planning or where they are heading at.

It's wise to choose 2-3 big coins and analyze them and only them - at least at the start of your journey.
If you master them, you will be able to project your experience on the coins that are the same and you will see patterns repeating themselves.
Doing it responsibly and with the needed effort should bring you success.

So you wait for now for BTC to correct itself for big, right?
As far as I know, we aren't there yet - to see big alts boom for real.

I rarely use certain indicators when I want to trade daily and weekly, because I am more comfortable looking at the benchmark on the previous price chart with the current RSI level so that I can dare to buy at a certain price. In addition, I also see market conditions that are often influenced by the level of price increases and corrections in Bitcoin, because there are many altcoins that are also affected by this so I prefer to use a strategy of buying when a correction occurs rather than when a price increase occurs.

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.

As we all know, technical analysis is very important in trading—but that doesn’t mean it works all the time. Honestly, no strategy works in every situation. That’s why, as traders, we need to stay adaptable and ready to adjust to any situation. Let’s face the truth that trading is tough, and it’s unrealistic to expect consistent profits in a volatile market.

That’s why it’s so important to develop your own strategy instead of just copying others. Success as a trader isn’t just about the strategy you use; it’s about how you analyze trends and make decisions. It’s a game of self-control and critical thinking—two things that are difficult to master, especially if we are impatient.

So, OP, it’s better if you take the initiative to explore and learn what you need to know as our future lies in our hands, not from others.

Fundamental analysis may be quite necessary before you enter the market and usually a certain strategy will not work because the market can change so quickly and in such conditions we are required to change the strategy. I am not one of the professional traders and may not be able to provide the best indicators before entering the market. But in some cases before entering the market to take an entry step I will consider the RSI or see which direction the market will tend to move. This strategy also does not provide a guarantee because usually the RSI is only an illustration before making a decision and is not always right as we want.

The thing is that as a trader you have to create your own means of trading so that you will be profitable, because the strategies of another person may or might not favour you if you copy its own method of trading, what I will advice you is that don't trade because other people are trading, at first make your inquiries or research and also manually in trade so that you can be able to overcome any obstacle that might come across.

Most good traders doesn't like to share of trading mostly when they are making profits through such particular method, so you have to understand that trading is all about risk, and since it involves risk you have to take properly precaution of trading, because if you don't take proper care of trading you will miss out in trading and you will dislike trading, so ensure that you learn and comprehend before you join trading.

Too much indicators on the chart is not a good practice — all top traders I know say this. Someone who is serious about trading markets needs to understand the core price action of the market and can interpret price just by looking at the chart. The days of spamming indicators all over the chart appears to be long gone.

Fundamental, Technical or Sentimental analysis all work fine as long as it's your edge and you can use it effectively, i think that's all that matters.

Shorter terms is a lot harder to handle because it requires a lot more quick action and quick thinking and quick reaction as well. So all of that is a very difficult thing to do and not a lot of people does that, which is why we are seeing a lot of people losing money since they don't do those things quickly.

While we are on the subject, having different strategies could still work, there isn't a single correct strategy in any case, there are some good ones and there are some bad ones. I believe that we are going to see plenty of good ones in the future, and for that to mean something nice, we need to figure out how to get better results as well. I believe that's the hard part people have trouble with, because they try to find that one great strategy.

As long as it takes to not make a loss. Usually a long hodling time is rare, but it also depends on the time frame you are trading on. If you trade on the 1 day frame, you will find mistakes can take days to weeks of hodling. But you can usually find a spot to sell at a profit in a short time frame, sometimes within the same day. If you were unlucky enough to get hit by multiple dumps then the worst thing you can do is panic and sell. That is 99% of the reason why traders lose money. I have found it better to just wait.

For how long do you usually hodl bad trades?
Or it depends on the situation?

And that is basically how to be successful in trading. If you can train your mind to do the opposite of what everyone else is doing, you win. Only trade when there is volume in the market and be patient. Trading can also be difficult if you have limited knowledge. However, with the right strategy and opportunity, you can be successful. That is the essence of trading and point number three should be there for every trader and is the key to being a long term trader.

Strategy is about discipline and we must be able to be consistent with this strategy and stick to the plan because Trading is not just about making quick moves, but about understanding the market and being patient. It is important for traders to have a strategy, but more important is the execution.

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.

When you are dealing into something then the moment that you do found yourself having such experience then you will really be able to formulate you own strategies along the way and this is something that will really be that varying up into certain individual because those strategies would really be molded up on which basing up into the learnings that we had been able to get at the moment that we've been doing our trading.
We are the ones will really be formulating our own strategies on which you do seem yourself that be able to be profitable or really giving out some positive result. On the moment that you do step your foot into this market then it will really be that  giving out that kind of situation on which tons of trial and errors on where you will really be able to face on. As you do go forward then you will be able to notice into those things on which are supposed to be done or what not. It is really that normal that you as a person whose really that interested on doing trading will really be that definitely making out some adjustments on where it is really that basing up on what you have learned along the way. Any strategies that you will be applying whether those known ones or something that you had been able to find out on mixing all of those different variations of strategies which are available on which this should really be just that fine.

You actually have a point and like I stated before, it comes from experience. People with such qualities are probably those who have tested different trading patters and have selected key ingredients of those systems to add to what they now internalized. They just open the charts and easily recognize what they are looking for in the market without having to reference anything and they simply struggle to explain what trading strategy they use but they simply trade.

You don't have it because you traded for so long you see and remark some metrics or factors on the market unconsciously - so it's natural.
If you would look closely, I do think we would see patterns in your behavior and such - thus, it would be a strategy.. sorta.

Most successful traders I know end up not having a single trading strategy but a combination of many trading style that the end of internalizing after engaging in the practice for a long time. The pick many things from their experience and simplify it to suit their trading style and this makes it difficult to point to a singular strategy they trade with. Few also coin a different new name for their trading style and try to outline a form of checklist of things that must align before the place their trade. I have heard people say they don't have a strategy but they just trade. As of now I don't even know if I have a strategy because I just trade.

Never went into the indexes, what was the situation, exactly?
And what's your ratio for them and crypto trading?

You're tight. Risk/Money Management is key in trading. Otherwise, one will eventually burn one's account. That's what happens with newbie traders. It happens to the best of us. How we all learn from that experience. Anyway, the thing with trading multiple/different instruments is the danger of mistakenly and wrongly using over sized lotsize for a particular instrument/pair. I was unfortunate to have fallen victim of this. That's why I stick to only V75 and I'm cool with that.

I mostly trade fast and highly volatile pairs like v75, jump25, v10 and step index... So long I get my confirmation on a pair, I execute my trade. Using proper risk management...

Don't clog up your chart with indicators so they don't push you to over analyses (analysis paralysis). I like when my chart is kept simple. As for strategy, I trade a combination of Breakout and SMC with leading indicators of lines.

Wow! You do? That's great. This is the first time I'm coming across a member here who trades index. If I may ask, what instrument do you fancy, Volatility? I like V75. I started with most of the Index – Jump, Crash Boom, Step, even various Volatility pairs before I chose to trade only V75. I will like to exchange views with you on this, perhaps inbox if you're interested.

To answer your question here, bro to be successful in what ever trading strategy that you employ, the most important thing to have as a trader is the ability to control your emotions, am saying so because I know for a fact that even if you knows the craft very well and you don't know how to control your emotions like fear and greed, you cannot be profitable.

So while utilizing any trading strategies emotional control is very much key, for it to be successful.
On my own part, I have been utilizing the breakout trading strategy for a while now, and it's been productive, because while doing it, I try all my possible best to keep my emotions in check and I try as much as possible to know when to stay off the market, because I believe that it's another skill a trader must have in other to be successful on the longer run.

just OB, FVG, basically SMC, these technical indicator if i'm being honest, have no value to me, but with.OB and FVG, also trying to find out resistance, I can trade with high leverage to find where the price gonna bounce and profit off it.

people might have different opinion than me and arguably, any strategy should work, like there's many ways for you to figure out how the market gonna behave but I consider price action to be the one that's the most accurate so far.

Strategy? Hmmm, I guess buy when there's an opportunity and sell when there's an opportunity. Does that consider as a strategy?
As for indicators, I'm only using 2. RSI and MA Cross.

When I'm looking at the market, I always look at the 4H and 1H timeframe since I'm more of a day-trader currently. Like what others are saying, don't overcomplicate things because that will just make things difficult especially when you're just starting. Having 2 indicators is for me, enough already. Also, look at the current trend of the market as well and go with trend, and don't oppose it like currently, the market is going downwards, and if you're trading on futures, make short positions.

Trading is very risky, but if you want to learn in trading, doing it by yourself is always the best thing to do. Experience = knowledge.

It's good that you started with a small sum.
It all could end for the worse, and I hope for you to get your lessons from the sessions you've got and will try go in again with the funds you are willing to spend on it. To be responsible and secure.

Life won't get better if you don't try to become better yourself.
Especially in something that you truly like to do, but need much effort to become better at it.
If we want to see results, in trading or overall - we need to work on it. And work hard.

I would put the last words in the golden frame because, truly, without these, all the theory and knowledge would go in vain, because you either didn't have a proper goal in mind or were too greedy to take it.
However, I do agree that each of us chooses what to believe and use while we trade - some despise X while adoring Y.
And some believe the news to not a good lever to see the price making some moves - which sometimes is true, and sometimes - wrong.

I advise you to avoid indicators for direct trading, they tend to move relatively to the market price and this causes misrepresentation on the trading chart, and more reason why they repaint with custom indicators and fail backtesting results. I can't trust something like that.

Again, the number of strategies you combine depends solely on you. You need to train to be able to refine your strategies and build a solid trading system and plan.

Lastly, you can focus on price action, trendline, Fibo system and Elliot wave theories. Note that strategies alone can't do it, also work on your discipline and risk/money management.

Yes I agree, anything that involves life, needs a proper planning and strategy, if you do not do any of that the results could be bad and you will face consequences of not being ready. Just wining whatever you do is rarely a good idea, may get lucky a few times, but do not push your luck and just be ready for everything whenever you can.

This is why I believe the future is not something we just wait for it to come to us, but something we get ready to go towards. Do this, and you will be doing much better, most people miss that chance and they just wait for the future to come and just improvise everything in life, and that is not what you should be doing, that will be very difficult for you and need to recover on the long term.

I learned trading from my brother for a few days, but what I realized is that trading is not easy to make money, it requires a lot of time. After learning trading for some day, I traded trading with some money, which I should not have done at all. It seemed very easy to me when I was trading on a demo account, but in reality it was really difficult when I went to trade with real money. So trading should never be done with little knowledge. It is very risky.

I think many people started with investment, then changed to trading, but with time and experience in this market, they will return to investment. Less time consuming, better ROI, less pressure and it's more easily to get profit through investment in Bitcoin.

With Bitcoin investment, it's not wrong to say "If you can hold your bitcoin, you can be rich".

You don't have to lose money for learning with free resources and experiencing trading with demo account but trading with demo account is not the same with your actual account and your pocket money. When you are trading with your pocket money, you will be affected by many things, your greed, fear and emotion can be changed wildly with market price, temporary loss and profit of your portfolio. These things can affect your decisions and you can make worse trading decisions with pocket money than with a demo account.

Those are the price that we have to pay for we to get sometimes that'll change our lifes and begin to make us wealthy. Trading can make you rich and it can also make you broke, the outcome depends on you hence if you sacrifice those time that you would have used for sometimes that doesn't add value to your life to learn trading in any form like spot or future trading, you'll be the one to benefits because your financial life is going to be different after mastering the trading skills.

You don't have to lose money to master the skills, we have demo accounts that can be used for practicing and until you have mastered the strategy, you don't have to go live. We don't have to depend on only one type of trading but starting from spot trading is the best advice.

Doesnt matter on what you are dealing into or what are the things that you are getting involved with on which not really that limited to crypto trading but also into other traditional businesses or investments as well.
You would really be that definitely be needing up some strategy or plans on where you will really be that applying on what you are currently dealing on with. As for trading strategy then this is something that will really be that varying into someones approach towards his trading method or ways on which this is something that differs into each trader. Profitability isnt something that will really be that similar into each trader on which there would really be certain factors that will really be that different to each other in terms on approach and ways on how to handle themselves within this unpredictable space. When you are really that dealing up with unpredictable
market then you will really be needing up to have that kind of strong emotions and discipline on which sticking into your plans and strategies basing up with your experience is a must.
Try out to read up others experiences as well and apply it into your own. Broaden up your knowledge via having those gained experience that you do get along the way.

I have no strategy in business, but I plan to establish myself as a good businessman in the future. Business can be crypto trading or real estate business. I am trying to learn about trading, in the beginning it is relatively difficult to learn about trading but if I try my best and apply practically then I think I can get a fair idea about trading. When I get a rough understanding of trading then I will start trading with a relatively small amount of money and later on increase the amount but for now I don't have any trading strategy of my own.

Some strategies are riskier than others, so I choose one that fits my risk tolerance. Trading is a technique where you take advantage of short term price movements in the market. Although this can be a very profitable strategy it requires a lot of skill and experience to be successful. If you don't have a proper understanding of trade, trading is very difficult and no one can guarantee that the indicators will be effective all the time. I prefer to hold rather than trade daily investing in bitcoin with low risk in long term investment is possible to get a better long term result than day trading. From trading indicators, it is better to invest and wait.

Yeah trading is quite time consuming I feel like I wanted to do investing or doing dca more than to monitor my chart 24/7 just to make some gains. Doing a relief trade that produces gains and profits after 1 week 1month or few months will still be considered gains. So it depends on one strat on how he can earn from trading. The one I hate is the day trade approach.

Trading is hard and by trying to master different types of trading, traders will have to spend more time, more money for experiencing these types of trading. As said, because of difficulty in trading, by experiencing more, they will possibly get more losses, pay more costs for their learning, not only for learning courses but for actual trading practice.

Trading is risky, and if you want to trade, trade with Spot trading type. If you are a good trader, this trading type is enough for you to get profit. You won't have to try to master Leverage and Futures trading types, if you don't want to lose more money for learning.

To avoid this, traders have to use Stop loss or Stop limit order that can help them to execute these orders, to secure part of profit, avoid loss or at least reduce loss for them.

Agreed, you can master trading in all different forms and not just one form. With the mastering of all types of trading, you can make profits on all the conditions of the market. There are some traders that when the market is dumping, they don't know what to do but to act like investors and be waiting for the bull market before they can become active again. You can short the market with future trading when the market is dipping without owning any coin before doing this. Trading is more entertaining when you can trade in all the difference ways and then when you have different trading strategies for all the types of trading that you know, you stand a chance of making more profits from the market.oje of my favourite trading strategy with spot trading is Arbitrage trading as I compare prices on different exchange and I take the advantages to trade between exchanges and make my profits without stress.

I started not to be so active in doing daily trades but if this still counts about buying whenever the dip happens and selling mostly when it recovers, the simplest yet most effective of doing it is like that. And many are lowkey hodling their Bitcoins that they've bought at the bottom, so that makes sense for the most as it gives the best reward for not doing that much analysis and usage of indicators. Sometimes, we get tired from all of these charts and usage of indicators so, you better hold then if you can wait for quite a while.

The  fact that I said that every strategy works doesn't means that every strategy works 100%. Nope. Don't get it twisted.  
Even with the strategy that am using, although I have had more success than losses by yet I have also had losses.
No matter any strategy you use as a trader, you will also experience losses but if you apply a good risk management, you will always recover your losses and will not allow your losses to surpass your profit.

There are traders that uses indicators in their trade, they also apply a good risk management and they are making profit. So, every traders has every seperate strategy that they use that works for them,  meanwhile if you try it, you might not find it to be a good choice.

So, that's why I said, every strategy works, depending on traders. Also before applying a strategy, you are supposed to run a back test and see how well the strategy will perform, then you can apply it in real trade.

The rate of traders to succeed and get profit in day trading is very low.

Average rate return of day traders. According to this one, the rate of failure and losses is about 95%, very high. Risk is very high and any person who want to start with trading, must see this warning rate of failure, to be more careful with their trading.

Bitcoin and cryptocurrency market is more volatile than traditional market so the rate of failure can be higher than 95%.

I mostly use DIP buying strategy and it has been helpful for me so far with best results. I use Indicators like RSI, Stochastic RSI, and Bollinger Bands. I have made more than enough profits with this strategy and I'm still doing it and earning profits from it. But, of course sometimes I do look at trend lines and make some trades with it as well.

You understand that every strategy works? Where have you seen that? If it was true, 85 or 90% of traders wouldn't lose money. I think it's the opposite actually, none strategy works in reality, and people making profits on the long run are very lucky or very skilled. The market is highly volatile, everything can change because of an unexcepted news or some big orders from whales. In addition if you are not able to trade large volumes, fees are high for the random trader and you have to beat this margin at each trade. So it's way harder than a heads or tails game actually. If almost nobody shares his results here, it's not for nothing IMO.

I don't use indicators to trade, just a combination of support and resistance level, identify FVG zones, supply and demand areas and then when I see a strong entry point (pullback or reversal) that's only when I jump into a trade. In trading, I understand that every strategy works, but just understand the strategy and the pair it works more with and also the right time session to trade.

I mostly use the RSI indicator and Bollinger bands to make sure that I capture the big-level movements with the squeeze of the Bollinger bands and breakout. I believe that a system where you use the fewest indicators and have the cleanest charts could lead to great results.

Before I continue I will say all strategies will work on trading it is just for you to understand which is actually working perfectly for you. For me I have not two different strategies other than the regular SMC and Price action. My SMC trading strategy is mostly used for low volatile cryptocurrencies like the bitcoin and the top 20 Altcoins but the rest volatile cryptocurrencies I usually use the price action strategy which mostly requires one to monitor the trade more then the SMC strategy where you can have order blocks and set your limits and wait for it to trigger.

As for indicators I use FVG, which works a lot for me on some pairs so I usually back test my pairs before using one particular strategy or indicator for it. Another easy indicator I use is the resistance and support (RSD)

The preferred strategy for me has to fall in-between buying and selling crypto currency when the price is at a certain point I want, making more than one trades in a short period so as to make some profit from the price movement occasioned by volatility and I may just as well follow the trend that the market is moving in, to either buy or sell my coins.

It is important that one should understand how much risk is involved in trading, know how to manage it and have a better understanding of how the market functions, because in doing so, one can be able to know when to make profit or anticipate loss by using stop loss or other steps to be safe.

For me, whatever type of trading you use, the important thing is trading knowledge, if someone has mastered the knowledge of trading automatically whatever type you do is easy, whether it's margin, futures or spot, that's the point.

Talking about indicators, what I have done is based on general experience, such as analysis, monitoring the market, the type of crypto I want to trade, there is no special measuring tool that I use in trading to achieve good results.

What I do is clear evidence for myself, the more often you trade in the crypto market, the greater the opportunity to make perfect profits, remember never rush to do something in the crypto market.

Personally, I find fundamental analysis to be highly effective, especially for gaining a deeper understanding of the underlying factors driving price movements. A minimalist approach works best for me because I’ve found that overloading my charts with too many indicators often leads to analysis paralysis and conflicting signals.

After years of trading, I changed to investment, purchasing and holding safest cryptocurrencies like Bitcoin, Ethereum and Litecoin. Newbies can laugh at me because in short term they can have higher ROIs than me with meme tokens, shit coins, but they will have to learn lessons in this market. Trendy coins will die with time and if they can not exit smartly and on time, they will stuck in sinking ships and massive losses come to them.

Awesome Crypto Trading.
Learn Crypto Trading.
Whatever trading strategy you use, don't forget to apply Stop loss order to protect your trading capital.
One of best weapons in trading.

You know, with the many strategies that we individual traders can use, it's better to focus on just one or two strategies, but if you're just a newbie, it's better to just have 1,
that's fine, actually. Simpler is better in my opinion and experience.

Well in fact, right now I'm getting faster at doing my trading analysis just through price action and I'm just basing it on Support and Resistance and sometimes the
 order block to determine whether I'm going to enter an entry position whether long or short.

At that time I had studied trading strategies whose purpose was clearly to seek profit, but the many strategies I studied did not make me able to gain profit until finally I gave up, but with my own friend he understood more about patterns, strategies and sometimes he could even predict that the market would rise and it turned out to be true. Strangely, I think he already had enough good knowledge for trading but he himself did not deepen it for some reason. Every now and then I saw him paying attention to the candlesticks he was monitoring and indicators that I myself did not even understand but he always guessed after doing research and seeing the results the next day, his predictions were always right. I said to deepen it but he was reluctant to deepen it, he was only happy with predicting without any profit or loss. This is confusing, isn't it?

I have been trading the synthetic indices market for more than a year now, it's been quite an interesting experience on my side. I guess all together I've been able to know what strategy works best for me in the market and that is the SMC. I combine SMC with the trendline analysis method to analyze the market and since we don't get much manipulation from real time events, it's bit easier than the real market...

You just have to know that most times it doesn't matter what strategy you use, if you lack a good trading plan and risk management, you will still get bad trades. But If you follow your plan, you just might be able to be profitable in the market.

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?