What is your trading strategy? - page 47.

stergium

hero member

Activity: 655

Merit: 500

Quote from: wuvdoll on April 06, 2017, 01:32:28 AM

Quote from: bravehearth0319 on April 03, 2017, 03:26:44 AM

My trading strategy was very typical and normal action as a traders in the exchange platform. Just all I wanna do is when the price crashing down for me its time to sell and then if I know the coins is getting up that's the right time for me to buy, but this things I did need a a quick action just like as bot or more fast than a bot. Because I applied day trading, but you can also do long term trading just set buy wall and sell wall, its simple as that. Cheesy

I just wonder how you will be sure that prices will get crashed down or will get appreciated ? I believe this is what every traders will be looking to make use of it in their trading.

I guess it will not be that much easier to predict accurately. We need to have any special tools for predicting it that will be capable to support this strategy. Also, quick action is always the needed one before prices are jumping up or down.

yes that is very right that prediction about bitcoin is not such an easy job. although there are some good traders who can predict about the price of bitcoin so accurately but still most of the peole cannot predict about the price of bitcoin.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: bravehearth0319 on April 03, 2017, 03:26:44 AM

My trading strategy was very typical and normal action as a traders in the exchange platform. Just all I wanna do is when the price crashing down for me its time to sell and then if I know the coins is getting up that's the right time for me to buy, but this things I did need a a quick action just like as bot or more fast than a bot. Because I applied day trading, but you can also do long term trading just set buy wall and sell wall, its simple as that. Cheesy

I just wonder how you will be sure that prices will get crashed down or will get appreciated ? I believe this is what every traders will be looking to make use of it in their trading.

I guess it will not be that much easier to predict accurately. We need to have any special tools for predicting it that will be capable to support this strategy. Also, quick action is always the needed one before prices are jumping up or down.

crossabdd

legendary

Activity: 1316

Merit: 1145

Quote from: beber456 on April 05, 2017, 02:54:15 PM

Im learning trading, http://www.babypips.com is a great site for learning ^^ enjoy! ^^

"The School of Pipsology is designed to help you acquire the skills, knowledge, and special abilities to become a successful trader in the foreign exchange market." For free ^^

do you have reference to "newbie in trading" im trade at crypt but want to try other way to earning money, hope i can get some reference here.

beber456

hero member

Activity: 563

Merit: 500

Im learning trading, http://www.babypips.com is a great site for learning ^^ enjoy! ^^

"The School of Pipsology is designed to help you acquire the skills, knowledge, and special abilities to become a successful trader in the foreign exchange market." For free ^^

barbara44

hero member

Activity: 2534

Merit: 605

Quote from: 1Referee on November 21, 2014, 07:53:52 AM

Mine is simple and the best. Buy low, wait, sell high. Tongue

For extra I do day trading when there is panic making the price swing up and down.

Don't force yourself to trade that much, take some distance from time to time.

That sounds like the best way to do it. You have a good point about not feeling compelled to trade all the time. If you only do it when the prices are really getting low and sell it only when the prices get higher you will be in a much better position than if you trade whenever something looks like it went down a little. Its also less work Tongue

Devboy

sr. member

Activity: 247

Merit: 250

Quote from: blackhawkeye1912 on April 03, 2017, 07:01:45 PM

I f I saw the value of coins is going down in the graph I will set the coins at the sell wall at the price I'm going to fill it. And then if I find out that the value of the coin is going up I will act and buy at once to set it accordingly to the price I want to set it.

Actually this is the root of trading strategy. Purchasing small price and sell when it upfront. There are many great trading strategies, everyone uses different formula, have followed different ideas. Thought something new make anyone help to do something big.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Victorycoin on April 03, 2017, 07:21:27 AM

Quote from: fitty on March 30, 2017, 09:21:41 PM

Quote from: mastermold on March 30, 2017, 03:11:08 AM

Mine is very simple. Buy when stable low price point is visible. And sell in volatile rallies . Or just hold long term for investment purposes. And yes I was able to make profits.

Same, since I was not a professional trader. I am only like guessing. Basing from the movement in the price. I am based on the buy and sell wall, If I can see that there are huge buy wall, then I add 1 sat with that. then when I have the coin. I am now looking at the sell wall. Then I subtract 1 sat with that. meaning I am only into the buy/sell wall. Usually I consider that a wall if the price before it reaches my bid/ask is 1BTC. Luckily, I am earning from that strategy and Im comfortable using that since I've started learning trading.

I think you can do much better by taking most of the guess work out of your trading equation by embracing some proven and tested indicators especially those ones that tends to highlight good entry and exit prices. Do you know of any of such indicators, if not simply ask, the wheels have already been invented long ago, no need trying to invent another wheel or enhance inefficiency by ignoring it

These wheels may take you where you may not want to be

The "proven" indicators you refer to are just moving your guesswork to some algo, but the end result will be essentially the same, if not worse. On the other hand, though, when you fail with one indicator, you can blame it (instead of yourself), and start moving through various other indicators with basically the same outcome, i.e. money wasted and capital lost

rcmiranda01

member

Activity: 196

Merit: 10

www.definitelycoolstuffs.com

Quote from: aardvark15 on April 02, 2017, 09:32:38 PM

Quote from: rcmiranda01 on April 02, 2017, 08:58:52 PM

Have a program in excel that calculates profits/losses. Practice and plan with it before executing your final trade.

It's good to plan out the profit you want to achieve on each trade so you can set the sell order correctly. You also need to account for the fees for every transaction because it will reduce the profits.

Yes, I also included the fees to be more accurate.

blackhawkeye1912

sr. member

Activity: 784

Merit: 250

I f I saw the value of coins is going down in the graph I will set the coins at the sell wall at the price I'm going to fill it. And then if I find out that the value of the coin is going up I will act and buy at once to set it accordingly to the price I want to set it.

Salazarian

sr. member

Activity: 440

Merit: 250

Quote from: deisik on April 03, 2017, 04:17:21 AM

Quote from: Slow death on April 02, 2017, 08:52:47 AM

Quote from: deisik on April 02, 2017, 08:12:19 AM

Quote from: torry28 on April 02, 2017, 07:39:53 AM

Quote from: batang_bitcoin on April 02, 2017, 06:36:20 AM

Quote from: Restmand on March 31, 2017, 07:12:33 AM

My strategy in trading is the most basic buy low and sell high, I think almost all of the traders do that because that strategy is the most basic and the most profitable. But in trading the right timing and right coin is a must to win and to earn a profit. traders need to have a patience to win the trading or to earn more because short term trading is a short profit too.

Of course most of the traders are doing this strategy and there's no trader that will buy high and sell low. It's a common sense that a trader will always get for profit when trading. And I don't have any other strategy with trading as this is the most effective and very common way of trading.

Actually saying "buy low and sell high" isn't simple as that (This is not even strategy, but it's what trading itself). We don't know what is the right time to buy and sell (if we are too late, the price already increased/too high, or if we are too early to buy, the price could be decreased/falling down, vice versa with selling),
There are a bunch of strategy in trading, google is your friend

This is what (successful) trading can ultimately be reduced to

That said, the BTFD ("buy the fucking dip") strategy can be considered as the closest approximation to this general rule or trading paradigm. You buy when the price (presumably) temporarily reverts from its trend, and you either sell if you are shorting the downtrend or buy if you are riding the uptrend. I think this is the closest thing to "buy low, sell high" trading principle that we still could loosely call a strategy (as opposed to sheer gambling or just simply riding the trend)

I agree.

Unfortunately, has been a very sad scenario, just go in the altcoin section to see. The dev comes with good news and next day the currency has gone up, days later the dev comes with a sad news, hours later the price of the currency has already fallen, they do it all the time

That should have been expected

If there is a widely known strategy or approach which could be loosely called that, it doesn't mean that it will necessarily bring you profits and won't actually incur losses. Everyone knows these strategies, and what is more important here the market (as a collective whole) knows about them as well and uses them to steal money from inexperienced traders. The market minority always fools the majority in the long run

yes that is right good strategy and good in planing can increase the chance of making money from trading. i fyou have invested a good amount of money but you do not have any strategy then you can lose your money in trading.

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: fitty on March 30, 2017, 09:21:41 PM

Quote from: mastermold on March 30, 2017, 03:11:08 AM

Mine is very simple. Buy when stable low price point is visible. And sell in volatile rallies . Or just hold long term for investment purposes. And yes I was able to make profits.

Same, since I was not a professional trader. I am only like guessing. Basing from the movement in the price. I am based on the buy and sell wall, If I can see that there are huge buy wall, then I add 1 sat with that. then when I have the coin. I am now looking at the sell wall. Then I subtract 1 sat with that. meaning I am only into the buy/sell wall. Usually I consider that a wall if the price before it reaches my bid/ask is 1BTC. Luckily, I am earning from that strategy and Im comfortable using that since I've started learning trading.

I think you can do much better by taking most of the guess work out of your trading equation by embracing some proven and tested indicators especially those ones that tends to highlight good entry and exit prices. Do you know of any of such indicators, if not simply ask, the wheels have already been invented long ago, no need trying to invent another wheel or enhance inefficiency by ignoring it.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Slow death on April 02, 2017, 08:52:47 AM

Quote from: deisik on April 02, 2017, 08:12:19 AM

Quote from: torry28 on April 02, 2017, 07:39:53 AM

Quote from: batang_bitcoin on April 02, 2017, 06:36:20 AM

Quote from: Restmand on March 31, 2017, 07:12:33 AM

My strategy in trading is the most basic buy low and sell high, I think almost all of the traders do that because that strategy is the most basic and the most profitable. But in trading the right timing and right coin is a must to win and to earn a profit. traders need to have a patience to win the trading or to earn more because short term trading is a short profit too.

Of course most of the traders are doing this strategy and there's no trader that will buy high and sell low. It's a common sense that a trader will always get for profit when trading. And I don't have any other strategy with trading as this is the most effective and very common way of trading.

Actually saying "buy low and sell high" isn't simple as that (This is not even strategy, but it's what trading itself). We don't know what is the right time to buy and sell (if we are too late, the price already increased/too high, or if we are too early to buy, the price could be decreased/falling down, vice versa with selling),
There are a bunch of strategy in trading, google is your friend

This is what (successful) trading can ultimately be reduced to

That said, the BTFD ("buy the fucking dip") strategy can be considered as the closest approximation to this general rule or trading paradigm. You buy when the price (presumably) temporarily reverts from its trend, and you either sell if you are shorting the downtrend or buy if you are riding the uptrend. I think this is the closest thing to "buy low, sell high" trading principle that we still could loosely call a strategy (as opposed to sheer gambling or just simply riding the trend)

I agree.

Unfortunately, has been a very sad scenario, just go in the altcoin section to see. The dev comes with good news and next day the currency has gone up, days later the dev comes with a sad news, hours later the price of the currency has already fallen, they do it all the time

That should have been expected

If there is a widely known strategy or approach which could be loosely called that, it doesn't mean that it will necessarily bring you profits and won't actually incur losses. Everyone knows these strategies, and what is more important here the market (as a collective whole) knows about them as well and uses them to steal money from inexperienced traders. The market minority always fools the majority in the long run

omorfi

sr. member

Activity: 728

Merit: 264

Buying altcoins while bitcoin falling Grin

Reid

hero member

Activity: 3052

Merit: 651

Quote from: layoutph on April 02, 2017, 06:42:12 AM

My strategy, is not to become so greed. After riding a pump and made a profit, sell! Check out the chart and the news if you are in doubt stop buying. Wait for it to dump then buy again when it goes up.

It is a simple one and it does work.
But the problem is how would you know it.
It takes some time to get used to it. A lot of reading should be done before you could even make one successful trade.
A lot of experience also to the trading industry even with commodities or other currencies will be helpful to understand how the trend works.

bravehearth0319

hero member

Activity: 1022

Merit: 500

My trading strategy was very typical and normal action as a traders in the exchange platform. Just all I wanna do is when the price crashing down for me its time to sell and then if I know the coins is getting up that's the right time for me to buy, but this things I did need a a quick action just like as bot or more fast than a bot. Because I applied day trading, but you can also do long term trading just set buy wall and sell wall, its simple as that. Cheesy

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: rcmiranda01 on April 02, 2017, 08:58:52 PM

Have a program in excel that calculates profits/losses. Practice and plan with it before executing your final trade.

its good if we have a program that will calculate for profits/losses. i wonder what kind of formula that you use? can you share it? because if we do this, we can know in what range price we can get profits but i don't think that this will be good if we are often to made cut loss. but for me, as long as the difference of the price that i buy is small than the price that i want to sell, then i think i can make profit too.

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: rcmiranda01 on April 02, 2017, 08:58:52 PM

Have a program in excel that calculates profits/losses. Practice and plan with it before executing your final trade.

It's good to plan out the profit you want to achieve on each trade so you can set the sell order correctly. You also need to account for the fees for every transaction because it will reduce the profits.

rcmiranda01

member

Activity: 196

Merit: 10

www.definitelycoolstuffs.com

Have a program in excel that calculates profits/losses. Practice and plan with it before executing your final trade.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: deisik on April 02, 2017, 08:12:19 AM

Quote from: torry28 on April 02, 2017, 07:39:53 AM

Quote from: batang_bitcoin on April 02, 2017, 06:36:20 AM

Quote from: Restmand on March 31, 2017, 07:12:33 AM

My strategy in trading is the most basic buy low and sell high, I think almost all of the traders do that because that strategy is the most basic and the most profitable. But in trading the right timing and right coin is a must to win and to earn a profit. traders need to have a patience to win the trading or to earn more because short term trading is a short profit too.

Of course most of the traders are doing this strategy and there's no trader that will buy high and sell low. It's a common sense that a trader will always get for profit when trading. And I don't have any other strategy with trading as this is the most effective and very common way of trading.

Actually saying "buy low and sell high" isn't simple as that (This is not even strategy, but it's what trading itself). We don't know what is the right time to buy and sell (if we are too late, the price already increased/too high, or if we are too early to buy, the price could be decreased/falling down, vice versa with selling),
There are a bunch of strategy in trading, google is your friend

This is what (successful) trading can ultimately be reduced to

That said, the BTFD ("buy the fucking dip") strategy can be considered as the closest approximation to this general rule or trading paradigm. You buy when the price (presumably) temporarily reverts from its trend, and you either sell if you are shorting the downtrend or buy if you are riding the uptrend. I think this is the closest thing to "buy low, sell high" trading principle that we still could loosely call a strategy (as opposed to sheer gambling or just simply riding the trend)

I agree.

Unfortunately, has been a very sad scenario, just go in the altcoin section to see. The dev comes with good news and next day the currency has gone up, days later the dev comes with a sad news, hours later the price of the currency has already fallen, they do it all the time.

Nor for anyone to say that it will analyze the graph, it does not help. Everything a person does is read the thread. only that. I gave up many altcoins.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: torry28 on April 02, 2017, 07:39:53 AM

Quote from: batang_bitcoin on April 02, 2017, 06:36:20 AM

Quote from: Restmand on March 31, 2017, 07:12:33 AM

My strategy in trading is the most basic buy low and sell high, I think almost all of the traders do that because that strategy is the most basic and the most profitable. But in trading the right timing and right coin is a must to win and to earn a profit. traders need to have a patience to win the trading or to earn more because short term trading is a short profit too.

Of course most of the traders are doing this strategy and there's no trader that will buy high and sell low. It's a common sense that a trader will always get for profit when trading. And I don't have any other strategy with trading as this is the most effective and very common way of trading.

Actually saying "buy low and sell high" isn't simple as that (This is not even strategy, but it's what trading itself). We don't know what is the right time to buy and sell (if we are too late, the price already increased/too high, or if we are too early to buy, the price could be decreased/falling down, vice versa with selling),
There are a bunch of strategy in trading, google is your friend

This is what (successful) trading can ultimately be reduced to

That said, the BTFD ("buy the fucking dip") strategy can be considered as the closest approximation to this general rule or trading paradigm. You buy when the price (presumably) temporarily reverts from its trend, and you either sell if you are shorting the downtrend or buy if you are riding the uptrend. I think this is the closest thing to "buy low, sell high" trading principle that we still could loosely call a strategy (as opposed to sheer gambling or just simply riding the trend)

Topic: What is your trading strategy? - page 47. (Read 304667 times)