For now what i'm doing us the basic trading strat. Buy when low, hold then sell when price goes up. With this i am able earn not so much but at least i am not losing, it is the profitable specially when you are able to buy good and potential altcoins.
I think some people think trading as a form of gambling which is what makes people fail to recoup their losses. Trading is not gambling and if you don't know what you are doing then probably the best way is to stay away from trading otherwise this will be just another way to lose some money. Plus that you dont need a price burst to sell it because there is always a small rally or waves that you can actually take advantages from.
Topic: What is your trading strategy? - page 2. (Read 304667 times)
It's just simple, u need to buy double the amount you have brought initially to reduce the losses and make a profit if odds are with you.
There's a saying that everything that goes up always comes down and is also true.
There's a saying that everything that goes up always comes down and is also true.
I use stochastic RSI because it tells me if the market is over bought or over sold and of course when it is over bought most of the time it will go down and when it is over sold it may pump.
For now what i'm doing us the basic trading strat. Buy when low, hold then sell when price goes up. With this i am able earn not so much but at least i am not losing, it is the profitable specially when you are able to buy good and potential altcoins.
I think some people think trading as a form of gambling which is what makes people fail to recoup their losses. Trading is not gambling and if you don't know what you are doing then probably the best way is to stay away from trading otherwise this will be just another way to lose some money. Plus that you dont need a price burst to sell it because there is always a small rally or waves that you can actually take advantages from.
Now, even if it's a good trading deal, for me, I will not recommend trading to do major source of income or revenue, especially if the trade plan is cryptocurrencies. Actually, there's no guarantee that you will always get the profit from trading crypto. Just imagine that just crashing it, no one is able to predict the right price of most cryptos even though the experts. So, for me, there's still a risk
Now i dont have any strategic because the market is manipulated
You used 1 hour chart that mean you doing day trading, day trading actually more difficult to gain profit, and will be more easy to make analysis and to make profit in swing trading. In day trading use price action and price pattern can be more help to decide best times to buy and sell.
For now what i'm doing us the basic trading strat. Buy when low, hold then sell when price goes up. With this i am able earn not so much but at least i am not losing, it is the profitable specially when you are able to buy good and potential altcoins.
My trading strategy as always is to hold and continue to hold and in worst case scenario where prices tank to the lowest, I will buy more of my holdings and I will continue to hold for profit until my target price is reached.
You must watch the price list always , if the coin has potential, wait for it to reach its midpoint on the graph, if it reaches beyond the midpoint that's the time to trade it , profiting more is far way better if you wait until its peak point on the graph but for me , it's more better profiting at it's midpoint than waiting to reach it's peak that may cause to regression if the project collapses.
in a greater degree I follow the graph of the growth and fall of the course of the coin I have chosen, but I do not take all the documentation seriously, because any scammer can do it.
You must watch the price list always , if the coin has potential, wait for it to reach its midpoint on the graph, if it reaches beyond the midpoint that's the time to trade it , profiting more is far way better if you wait until its peak point on the graph but for me , it's more better profiting at it's midpoint than waiting to reach it's peak that may cause to regression if the project collapses.
First of all, to enter this industry, you must invest in some currencies and you will certainly have profits and losses. I think that when the currency price rises to a certain extent, you can sell half of your currency and buy it again when the currency price falls, waiting for its next rise.
so simple for trading, just two options buy and sell but not easy to get profit for your trading ,so i think choose one or two good project coins ,long-term holding .
Yes, it is simple to trade but it is super risky. Trading is very risky, it is easy to tell to buy low and sell high. But if you are there already, it is really difficult to say that. We cannot predict the future, that's why it is super risky the day trading or long term position.Buy low and sell high. As always this is easier said than done. Even those trading experts with vast experience cannot make perfect trades as the market is not really that easy to analyze. If trading is this easy then everyone in the world are trading already and are all rich. That is not the case. When you are in the real market you are in a stormy sea where only the smart will survive.
so simple for trading, just two options buy and sell but not easy to get profit for your trading ,so i think choose one or two good project coins ,long-term holding .
Yes, it is simple to trade but it is super risky. Trading is very risky, it is easy to tell to buy low and sell high. But if you are there already, it is really difficult to say that. We cannot predict the future, that's why it is super risky the day trading or long term position.
I don't trade, cause I don't own yet.
But I think from learning it's best to buy when no one else wants to buy. And sell when everyone wants to buy. Exceot you have a ton of cash, then trade like a whale.
But I think from learning it's best to buy when no one else wants to buy. And sell when everyone wants to buy. Exceot you have a ton of cash, then trade like a whale.
I am not very good at analyzing graphics or reading candles, I am trading by relying on information or news, maybe for example if there is a panic sell or there is altcoin that will be included in the list of top exchangers, because I think because now the demand on the market is controlled by the news.
If you are not a day trader you do not need to carefully study the graph, reading the news is more vital as it will affect the future of your investment. Also, if we have more information the better so we can decide whether to add more depending on the amount we can afford to lose.
I am not very good at analyzing graphics or reading candles, I am trading by relying on information or news, maybe for example if there is a panic sell or there is altcoin that will be included in the list of top exchangers, because I think because now the demand on the market is controlled by the news.
so simple for trading, just two options buy and sell but not easy to get profit for your trading ,so i think choose one or two good project coins ,long-term holding .
Simple if we only say it but it's hard to do it, it's buying low and selling high but the timing is necessary, if you have no good knowledgeto make a right prediction, most likely you won't last in trading, you will loss your money easily.
Unlike forex, trading crypto currency is quite simple. Draw trend line and use some indicators to identify area of oversold (support) and overbuy (resistance) in the chart. When you manage to see them, buy when price is oversold and sell when overbuy. In short, buy low and sell high. Set how many profit percentage you want, say 5%. Less or over, depends on you. Don't be greedy because you can never know what will happen in the market.
so simple for trading, just two options buy and sell but not easy to get profit for your trading ,so i think choose one or two good project coins ,long-term holding .
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