Topic: What is your trading strategy? - page 79. (Read 304667 times)

So you only trading when your friend is trading? How if they stop trading, would you stop as well?
From your group of friends, I think you should learn what they analyze to choose which coin is good to trade instead of just follow what they choose.

To trade you must have a good tactic. And that is dont trade if you are losing money, that is not good. But you must trade if it has a good value and if you can make some profit.

The best trading strategy is to use leverage conservatively and ONLY trade when the market is moving so no trading when the market drifts. Reason for this is drifting markets will kill you with sideways, spreads, and/or leverage financing fees.

It's kind of like poker you wouldn't play every hand you get, you fold a lot (admitting your losses and closing before they get too big). Each market you trade is like a different poker table, you're not gonna play all hands on all tables or you're gonna lose, you want to play hands that will have the highest probability of winning, aka only play the highest probability setups/patterns that form in the market.

Trading crypto is almost the same as trading any other penny stock in particular contrarian strategies work well to short against exuberant buying and buy against capitulated selling.

Yes before doing trading we must know about market. what price is going on in market and what price we have to buy means we will make profit everthing then we start trading means we will make some profit here but in altcoin we may expect huge profit as well as big loss also so before doing trading think and do.

Buy the trending coins. Like ethereum,dogcoin and deur. But now i dont know if it is trend right now.
Buy at low price, sell it high price. And be wise

if you do not have a strategy, at least you have a chat group or some friends who have the expertise to analyze and you can follow their trading. I also usually do this, when I am confused in choosing coins.

i dont have trading strategy,its why last week i loss when trade etherum maybe i lost the point that when i'm try to trade altcoins i must looking for information about the price,but last week i didn't do that.

I use the method of arbitrase to trading altcoins, so it is very easy and not too difficult. only need to monitor some of the exchangers and coin prices.

The best thing to trade is that you have to be for sure that you can make any profit with Bitcoin and if you can do that than you will have a good strategy in trading.
It is not that hard to make some profit with Bitcoin the most important is that you need some patience for it because the value of Bitcoin is also important.

trading strategy would be try not to lose your coins before pump! Just hold and wait.

I call mine dalemat's cushioning effect. LOL. it works well if some conditions are met

1. use it on very healthy coins.
2. have enough bitcoin for this purpose.


We all know cryptos are very volatile. The price can rise and fall very fast.

So, this is what i do.

let say i have 10 bitcoins i want to use for trading. i will first look for a very  healthy coin.

lets assume the price of the coin is 23,000 satoshi. i will simply use 2 bitcoin to buy first then monitor the market.
If the price increase to my taste i sell and take my profits. if not i will wait till the price falls by 11% or more(20470 sats and below). At this point i will take 3 btc from my reserve to cushion the effect. If it falls further by another 11% or more, i will use 3 btc to cushion the effect again. if it falls again by another 11% or more, i will use the remaining part of my reserve to buy again.

Find your average buying price at this point then wait and make a big haul.

Now lets do the analysis on a 11% fall in price with the initial buying price of 23,000 sats

2 btc to buy at 23,000 sats gives 8695.6522 coins

3 btc to buy when price fall by 11% 20,470 sats gives 14655.594

3 btc to buy when price fall by 11% again 18,218 sats gives 16474.46

2 btc to buy when price fall by 11% again  16,214 sats gives 12338

now calculate the average buying price with the 10 btc  will give you 19,449 sats. Any price above the average buying price is a profit for you.

lets assume that after a few days the price returns to 23, 000 sats or above  you bought initially which is very possible

this is the result  (10/0.00019449) X 0.00023 = 11.82 btc. your profit is 1.82 btc.

This is reasonable if you ask me.

Its a simple concept.

But its very hard to execute.. unless you have friends on the other side to do this for you and they sell it back on their exchange on what you got it for.

Example: US traders are not allow to trade on certain exchanges.. due to regulators etc.

It doesn't look to be risky. Buying and holding for certain time period is a good option to get a high profit. Fluctuations always give profit when these fluctuations turn as a gradual rise.

well, yes and no.

you don't predict you just can speculate about the price and it is not an easy task either. you have to have a lot of experience in the matter and follow the coins to find the low price and buy then and after that sell at a high price for profit. but it can be done

Is it possible to predict when the price of altcoins will rise?

it is called arbitrase, this method is very good indeed. but quite a risk. when in the process of delivery to another exchanger, sometimes there is a problem of stuck, and sometimes the price of the coin there is a dump.

buy on low, then sell it higher on another marketplace.

Keep in mind that this isnt very simple to do.

To all new traders please look up on how to get a trade setup 1st thats comfortable to adopt then do papertrading on thinkorswim and act as if it was btc.

I disagree. Providing liquidity for a market and hoping to make a profit from it is not gambling as what gambling is typically perceived as. However, for a philosophical perspective, a lot of things in business and everyday life are considered gambling. I'm building a trading platform that allows developers to build bots that utilize any trading strategies. Check some of the sample I've got up so far: https://github.com/AdamCox9/nickelbot/tree/master/bots

If you buy without doing some research then it can indeed be seen as gambling. But if you do some proper research and wait with buying till the price comes down to such a level where you can safely enter the market, then it's a well thought move.