Topic: What is your trading style? (Read 691 times)
My trading style uses short-term, I can do short-term trading, because I want to have a lot of profit, choose to trade in the short term, we can have a busy life when using short-term trading.
It would be interesting to know what your trading methods and style are? and how successful your strategy is?
I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h), as well as using the MACD and the histogram as complimentary tools.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h), as well as using the MACD and the histogram as complimentary tools.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
My strategy is to buy low and sell high
Now seriously ... crypto market is too speculative and too shallow to trade on indicators because they are beeing destroyed by big investors or big speculats. After each indicator beeing destroyed by big investors makes small to fomo or panic. Thats where my trades appear. I buy panic and sell hope or short fomo and close at panic. I dont use indicators for that because they can be used only when market is "boring". It will give you few good trades and than 1 fail trade with exiting on panic (where i buy).
It is also what I do. I don't want to try any other thing due to the risks in crypto and I try to stick with the basic because it works.
As a genuine practices, buy-hold-sell is very effective in trading but be sure you have study the flow of its prices before buying. Basically in trading, it sometimes we loss and really can't be avoided due to market fluctuations. Traders also may sacrifice and do modification to avoid from losing to much and shift to another coins to cover such losses. In this kind of field, it require knowledge and enough time to spend on trading to check everything will be fine.
My trading style is simple. First buy when the price is collapse or when the price down. And then hold it until the price is up and already make a profit. And last i can sell it
Very simple. First I try to watch the market carefully and take a decision if I want to trade or not. If my mind gives me a green signal then I take a decision for trade. Yet if I lose two trade respectively then stop trade immediately for at least 1 hours. After one or two hours if I lose again then I totally stop trade for that day. If I make a profit then try to get the most benefits from it.
When entering this market, my feeling is always to see Margin as the least effective form of investment. If you have enough knowledge and experience, what if in my case I would choose pure trade, not join any newsgroups or groups, I believe in my opinions and views and ready to pay for it. The news is a two-blade knife should trust it very dangerous. Margin is equally scary when you are not sure whether the trading platform you are using has a mission to push the price or not.
By the way margin trading always keeps you safe. For most of the cases we have seen here on this forum, people are happy with results from margin trading. Actually that restricts you to become waiting for so long time and on the same page, getting panic and selling at such disturbing situations. So, keep on this margin trading thing and get way you have targeted to achieve.
I trade following the market, if the market is red / bad I will invest in ICO and not trade on the market but if the market is green / good I will trade on the market.
Mainly I don't use any regular trading style or strategy. Which you like to do. Or the simple word is I don't trade daily or weekly. I hold my token or coins for a long time and when I satisfy with the price then I sell it, otherwise, I believe in HODL. Because I think daily trading is very risky in cryptocurrency.
My trading style is more like investing, I choose coins that will appear on the market and buy when ICO and sell when the coin starts moving on the market.
I have different style in trading , but the most common trading style is the buy low and sell high most of us are use that. I use also this style like buying a coin during the dumping it is good for shorterm and I can get some money on this.
What ever your style better to know what is porfitable to you that cannot result to you to be panic.
That is the basis for trading. Actually the style of trading depends on the conditions we face. Simply put, we must be able to sell coins that are far more expensive than when we buy them. Next we must choose whether we will make decisions quickly or not. Personally that I will choose Trading in a short time, I will make a decision even though the profit I get is only a little. To be honest I am a person who doesn't like to wait long, I will make a decision when I can gain momentum. Believe that when we have made a target we will get what we dream of. What ever your style better to know what is porfitable to you that cannot result to you to be panic.
Right now I carefully use margin trading only with Bitcoin and Ethereum. Usually I open short positions with 5% of whole my deposit and only according principals of money management and diversification.
I have different style in trading , but the most common trading style is the buy low and sell high most of us are use that. I use also this style like buying a coin during the dumping it is good for shorterm and I can get some money on this.
What ever your style better to know what is porfitable to you that cannot result to you to be panic. I hope you can develop your own style in trading that can really works for you to earn money.
What ever your style better to know what is porfitable to you that cannot result to you to be panic. I hope you can develop your own style in trading that can really works for you to earn money.
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While being less technical for me since I trade as a sideliner, I just usually make intervals in checking out the price of Bitcoin or anything that is in my portfolio. It becomes a guilt for me before to check out the price every 5 minutes like I've been refreshing the market page expecting for an increase. It was like a hunger feeling of earning profit but let's admit it that it is a bad practice.
Trading style will not count toward building us as a professional trader but how much we are successful with our style of trading. Most traders are good to find out the entry but failing to exit on time. This may happen due to emotion failures like getting greedy still the trading style is the reason for their failure and must need to focus on that to find success with trading.
In my opinion there are many styles for making money in trading but I think it is necessary to do market research and then make decisions about the trade we run.
well, I'm not too good at trading, but I'm always looking for things that are most beneficial, and don't harm others. Well, I know so many styles in this regard, but I'm still looking for the best way to do the buying and selling
In my opinion there are many styles for making money in trading but I think it is necessary to do market research and then make decisions about the trade we run.
well, I'm not too good at trading, but I'm always looking for things that are most beneficial, and don't harm others. Well, I know so many styles in this regard, but I'm still looking for the best way to do the buying and selling It is waiting, waiting for long time will give us many opportunities to sell pennies at high prices, so I think we should be patient waiting for holding the opportunity will come to you.
Right waiting for the exact time is the best trading style,, thats proven and tested by some traders,,, but ofcourse you have your own strategy to follow for the best result,,
In my opinion there are many styles for making money in trading but I think it is necessary to do market research and then make decisions about the trade we run.
Personally, I do not buy a coin if I do not know anything about it, even if everyone around here is beginning to regret the panic that this is a cool project. I first read about its prospects, what and how, and then I buy for a certain amount of these coins. After all, if you believe people without checking information, you can lose a large amount, which nobody returns to you.
To me as I do not consider myself as expert in trading therefore I most try to invest or trade in such situation where the risk of losing money is not so high. For that I most do trading when I consider the and understand that the bitcoin price is trading too much low and there are less chances of losing money. My strategy in trading is I will set my coin in sell when it is pump and buy when it is dump or low. In that case you will able to earn in trading.
For me, I like trading with less valuable coins like Litecoin for short term because Litecoin is going very well these days. On the other hand there is nothing better than Bitcoin for long term but reaching at that position will take me some time more. First let me done with less valuable coins and after getting much experience then I will upgrade to Ethereum and Bitcoin.I like your strategy, bitcoins is the only coin that is good for long term investment because of its popularity in the market and ethereum is another choice because it was cheaper so people can invest even more if they did not have the good amount of capital to invest on bitcoins.
Now I do not practice day trading, but prefer medium-term trade. Of the indicators, I also do not use anything, but I use only the volumes of trades and some patterns of technical analysis. For successful trading, it is not necessary to complicate everything.
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