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Topic: What will be your trading strategy for crypto in 2024? (Read 388 times)

newbie
Activity: 1
Merit: 0
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jr. member
Activity: 1708
Merit: 3
I am planning to use indicators these time around ,The Markets are not that good at the moment so i choose to use indicators for my day trading sessions .Good swings are hard to find these days hence my trading strategy may differ much from the one i used last year .Instead of using price action i will switch to indicators for this year.
sr. member
Activity: 2352
Merit: 256
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The plan for this year is to try to correct new projects that are supported by many investors and not to maintain them in the long term, because I see the current situation is that so many new projects are emerging with almost the same innovation, what is the best trend is to follow and then stay Right, maybe this is my strategic plan for 2024
hero member
Activity: 2828
Merit: 518
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I am planning a lot for 2024.  Now I'm do not know whether I will be able to implement all of them.  I will try to identify and correct my own mistakes first.  I will invest a certain amount every day but it is in a small range.  I will not expect much profit.  I will try to be self-confident.  I have a lot of inexperience with the market, I will analyze this further.  I'm thinking of starting to use a trading bot, but I don't know how useful it will be.
Just pick one at a time and see how effective until you find one. But I will tell you that in trading is not necessary we have to use a lot of strategies, we can use one and focus on it. It is not just our strategies that will affect our trades, a lot of factors that cause failure or earning a profit. You can try trading bots but if I were you, just do it by yourself as you can learn a lot from your personal experience rather than relying on bots.

As for me, what I did last year will still be the same strategy I used this year. There might be some changes in the market approach as it depends on the situation but the buying and selling schemes remain, still choosing highly volatile coins.
hero member
Activity: 2100
Merit: 546
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I didn't make any such plans because eventually, execution matters. I did promise myself to cut down on expenses and save some money and so far so good and hopefully I can keep this going for the entirety of 2024.

Another thing is that I have stopped trading and buying meme coins because as lucrative as they sound, I was long a lot of money to these shit coins. I am rather saving some Bitcoins I earn from doing small tasks online. Let's see if I can accumulate a bitcoin by the end of 2024 because that's the ultimate goal to accumulate and save one full Bitcoin and never touch it.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
My plan is to diversify across promising projects...
That's everybody's plan, to invest in projects with promising outlook but then it doesn't always end that way. Like they say, every boxer has a game plan before getting into the ring until they're punched in the mouth and the plan changes. This is where theory is different from practical and idealism from realism. Most promises don't get achieved that's why we've many abandoned projects littered everywhere.

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and keep a level head throughout the ride.
Yes, that's important. As we approach the bull rally many who've been hodling all through the bear will be so excited and carried away to sell off once they see a little profit. They sell off only to discover later that they sold very low and begin to rue their action.
copper member
Activity: 2268
Merit: 539
DGbet.fun - Crypto Sportsbook
A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

If you ask me then no strategy works the second time. What matters is your ability to adapt to the conditions. I really liked the plan to invest in multiple promising projects, but that will be too overhead if the market crashes. I would suggest you to invest in coins with large marketcap. Even if the market crashes, then these coins will have the ability to survive. At last, I will keep small milestones everyday and will try to achieve those. Once achieved, I will stop the trading for the day.
hero member
Activity: 2002
Merit: 534
https://bitcointalksearch.org/topic/what-will-be-your-trading-strategy-for-crypto-in-2024-5479373

A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

I have two plans for 2024. The first one is the most important one and I have the same strategy for quite a while: keep growing my crypto portfolio. When it comes to bitcoin I want to keep acquiring more coins for my retirement plan. In the past I made the mistake of  selling all my coins for a small profit. Not going to repeat the same mistake again. The second plan for 2024 is only for some small amounts that I can save each months outside of my fixed plan. It's  to make some short term profits while trading alt coins. For bitcoins I am still a strong believer of hodling and don't want to make my earlier mistakes of taking profits at the wrong time. Active trading is great to generate some additional income, I just don't have the time to do the necessary research to do trade my whole portfolio. Also diversification is important when trading higher risk coins, I would never put all my money into one project alone that isn't ETH or BTC.
sr. member
Activity: 364
Merit: 195
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A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.
I don't have much experience in trading but I can't adopt any new strategy in 2024. In 2023, when the market started moving towards good, then I got success in trading, but in 2024, I am not getting success in trading. Currently I was trading with ORDI but I have a lot of losses as the market went down a lot. Recharging the market of ORDI did not help me but trading my own experience I am now in a lot of loss. But if I can recover my funds very soon then I will use some new strategy and trade according to that strategy. My strategy consists of selling when the market reaches highs and buying to trade again when the market is dumping again. I believe the market will go down during the after reaching the highs.
sr. member
Activity: 882
Merit: 326
Approaching the halving and bubble party, I personally choose to invest rather than trade. Make purchases and holds, whatever the coin and project. Maybe Bitcoin will be the largest portion, because Bitcoin is the only one that can be trusted. However, this also does not rule out the possibility of other cryptos having upside potential.
sr. member
Activity: 1008
Merit: 366
For trading, I will choose BTC and this will always be my top priority. I have little to no faith in altcoins. They just show you promise and then can't deliver much. It's a different story with reputable alternative coins but hard to trust those new ones. Bitcoin being the oldest one and most reputable, gives me more confidence and having the privilege to work with more data also gives me an advantage in this field.

Trading with other coins? No! But investing? Yes! Bull run will start soon so better to diversify my investment portfolio with altcoin than to trade them.
legendary
Activity: 2296
Merit: 2721
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If I have some money, I'll buy altcoin for now. I don't want to buy Bitcoin because I don't want to store it in an exchange, and the fees is insanely high.
That is indeed very painful right now. I wanted to "secure" a few profits from the sharp rise in altcoins in recent weeks and transfer them to BTC. However, the fees for withdrawing BTCs from exchanges are incredibly high, so I was frankly too stingy. However, it would have paid off in any case, as altcoins have fallen significantly against BTC, especially over the last weekend.
legendary
Activity: 2576
Merit: 1043
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A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.
If that's your plan then it's not trading, but it can be considered as investing.

By definition, trading is simply buying, and selling assets including Bitcoin. For me, crypto trading is buying a crypto for example Bitcoin, holding it for a few days hoping it will go up in price then selling it immediately for profits. You said the word "diversify" meaning you will hold several coins hoping that it will give you an increase. You're more of a holder than a trader if that's the case.

As for my trading strategy? I'm not trading basically, but I'm reallocating my total capital into some altcoins. Did sold one of my coins that gave me around 50% profit, then reallocated it into around 4-5 coins. I believe that the market will go even higher this year than it was last year because of the events that are happening. If I have some money, I'll buy altcoin for now. I don't want to buy Bitcoin because I don't want to store it in an exchange, and the fees is insanely high.
sr. member
Activity: 532
Merit: 250
A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.

My trading strategy will always be the same day in, day out. I am out to make profit on a daily so an event coming up shouldn’t determine how I will put effort into my work and earn myself some money. The plan is still the same, Invest in bitcoin using DCA method as usual, take some risk to invest in good and promising projects (altcoins), take profit when it has reached the maximum, eliminate the threat of greed in me and take good opportunities immediately they arrive.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.
You know it's easy to say promising projects but finding it is actually hard. Hence, sticking to bitcoin is the safest option and just continue to do DCA to maximize bitcoin portfolio.

Diversification is a good thing but if you are doubting other projects if they can still be the same with bitcoin, then I suggest just focus on bitcoin and just diversify your investments not on crypto but on other investments.
hero member
Activity: 2730
Merit: 632
A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.
We still have time, take this chance to fully prepare before the bullish finally started to buy accumulating and only hold potential coins, not shitcoins. It is not the number of coins we have held but the quantity and quality they have because this is the ticket to a successful investment. Diversifying not growing coins to more valuable ones like in BTC, ETH, and BNB would be the right decision.

In fact, I already did this before the end of 2023 while the price of these coins I've mentioned are still cheap and I keep doing this before the bull season comes.
If we do speak about accumulation for the upcoming bull run then it is really indeed that we do still really have the time on doing so. If you are an investor and having those past experiences on bull run event
or cycle then for sure they've been waiting for that particular time on that last dip before they would really be that accumulating. There are ones who are really that even minding about
those times could happen in between April-June i should say when it comes to that potential dip. Yes, thats halving event because basing up on the past then this is where usually that last dip could happen.
We cant really be able to assure that it could happen in the future whether it would really be repeating on the same thing or not.

This is why when it comes to risk factor then it would really be that definitely be just that depending on a certain individual on which not all would really able to bare up some
risks and thats why they wont really be making out such act and would really be just simply sitting back. Strategy for this 2024 then its impossible that you havent
learnt up something back in 2023, so adjustments is something that you would really be needing.
sr. member
Activity: 2828
Merit: 344
win lambo...
A lot of people have been asking me this question, so I thought I'd ask you guys the same. My plan is to diversify across promising projects, optimize with rebalancing, and keep a level head throughout the ride.
We still have time, take this chance to fully prepare before the bullish finally started to buy accumulating and only hold potential coins, not shitcoins. It is not the number of coins we have held but the quantity and quality they have because this is the ticket to a successful investment. Diversifying not growing coins to more valuable ones like in BTC, ETH, and BNB would be the right decision.

In fact, I already did this before the end of 2023 while the price of these coins I've mentioned are still cheap and I keep doing this before the bull season comes.
sr. member
Activity: 1274
Merit: 457
I am planning a lot for 2024.  Now I'm do not know whether I will be able to implement all of them.  I will try to identify and correct my own mistakes first.  I will invest a certain amount every day but it is in a small range.  I will not expect much profit.  I will try to be self-confident.  I have a lot of inexperience with the market, I will analyze this further.  I'm thinking of starting to use a trading bot, but I don't know how useful it will be.
member
Activity: 72
Merit: 35
My personal opinion and trading strategy is to conduct thorough research, be aware of market trends and reach a decision considering risk tolerance before taking any trading decision and I think these things are essential for trading.In 2024 i focused Altcoin that will be listed in renowned exchange platform like Binance,kucion .
sr. member
Activity: 686
Merit: 286
I don't want to apply any new trading strategy in my trading, I will apply the same skill in 2024 that I have profited by trading earlier. I don't think there is any need to change strategy in any work. Job skill always remains the same, maybe job position changes but skill does not. Last year I wasn't overly greedy in trading or never held coins for long with the hope of extra profit but this year plan to trade with relatively higher profit. I may need to be more patient and lean more in the hope of relatively higher gains but I will apply this strategy. If by applying this strategy I get success compared to the old strategy then I will continue this strategy and if the previous strategy seems better then the previous one will continue again.
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