Topic: What's your favorite trading style? (Read 699 times)
Personally I prefer to do long-term trading because by doing that I will have a lot of time to learn more about crypto and find some information to trade.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I learn from trading, and I got many good lessons related to trading itself. The first thing I learned is controlling myself, which is difficult in my beginning trading. I almost cannot hold myself to get panic in that time because my coin price suddenly got dump too deep, but then I remember that it is only temporary and will not stay for a long time. So I tried to control myself, always check the market before trading, I can decide how much money I should use to trade and else.
I do day trading and long term trading. It is always depends on which crypto you invest your money, there crypto which is better to day trade and there are cryptos which is for hodl. Day trading is very profitable but stressful. You can do day trading if you have time, but, if you are a busy person, better do hodling.
That's I do even Im a busy person everyday I give or spend time to trading just like some hours even Im tired of what Im doing.I do holding for longterm and also day trading even I do that Im not stress it depends to you how you can handle this because many people once they choose to trade daily they become stressful because they spend too much time.
I am still very interested in fast trading, with fast trading, I can make several transactions a day, even though the profits are small from each transaction but if the transaction is often done I feel it gives a big advantage for me.
I was impressed by some of the stories and wanted to do day trading but that quickly turned into a stressful, full time job.
I mean reading all the news, following troll-boxes, some communities, discords and all that crap.
Reading dev's tweets, creating a whole database of information sources to check, etc.
Maybe I went over the board with this but short time windows between the news and market reaction plus potential for high returns...
It quickly gets addictive. I think it relates a lot to the thrill of gambling addiction.
Anyway, when I relaxed and started making less trades and kept my positions longer - I actually learned more about the market.
With much less research (mostly the coin, team behind it, future changes, their marketing potential, etc.) I could do pretty accurate predictions.
I was sitting on a coin for weeks or even months, without stressing out.
What's your experience?
I currently have no experience in price chart analysis and general psychology of investors. But I can analyze and evaluate the value of an enterprise at a time of development. I only invest in altcoins outside the top 700 and there you will find great businesses are being underestimated. for example, Atlas Protocol, it won the Huobi Fasttrack competition and its price will rise soon.I mean reading all the news, following troll-boxes, some communities, discords and all that crap.
Reading dev's tweets, creating a whole database of information sources to check, etc.
Maybe I went over the board with this but short time windows between the news and market reaction plus potential for high returns...
It quickly gets addictive. I think it relates a lot to the thrill of gambling addiction.
Anyway, when I relaxed and started making less trades and kept my positions longer - I actually learned more about the market.
With much less research (mostly the coin, team behind it, future changes, their marketing potential, etc.) I could do pretty accurate predictions.
I was sitting on a coin for weeks or even months, without stressing out.
What's your experience?
This is my investment and I do not encourage people to take risks with me.
I personally a fond of day trading as it provides a consistent stream of profit and it might require more paying attention to the price charts and it keeps you on the edge, but when you make a successful trade it is so satisfying to get it, and also there is no risque of overnight money lose, however every market has its own best way of trading since some of them don't change that much and others like bitcoin are volatile and their price is constantly changing.
Seemingly I choose as a day trader when I trade on cryptocurrencies. The reason is simple, volatile price has always happened on this market and with being a day trader I can know every movement price daily. So, I can pour out the trading analysis that I have understood every day and I can practice it directly and maybe that is the best thing to do so as in the future I can make consistent profit from crypto trading.
I do day trading and long term trading. It is always depends on which crypto you invest your money, there crypto which is better to day trade and there are cryptos which is for hodl. Day trading is very profitable but stressful. You can do day trading if you have time, but, if you are a busy person, better do hodling.
Price notification takes away all the stress of trading from me. I just create an order and forget about it until the order is filled..
Spending time on charts works too but not everyone has alot of time to spend.
Spending time on charts works too but not everyone has alot of time to spend.
I was impressed by some of the stories and wanted to do day trading but that quickly turned into a stressful, full time job.
I mean reading all the news, following troll-boxes, some communities, discords and all that crap.
Reading dev's tweets, creating a whole database of information sources to check, etc.
day trading has nothing to do with any of these things. you wasted you time with them. even if you wanted to take a look at these things, you should only consider them as your last options at the bottom of your checklist of things to check out.I mean reading all the news, following troll-boxes, some communities, discords and all that crap.
Reading dev's tweets, creating a whole database of information sources to check, etc.
the first and most important thing to check and analyze is the market itself which means looking at the charts and the order books.
Quote
Maybe I went over the board with this but short time windows between the news and market reaction plus potential for high returns...
there is no relationship between news and market reactions. sometimes there is coincidences which other people pick up on or sometimes altcoin pumpers they use news as an excuse to pump the altcoin but there still is no relationship.Quote
With much less research (mostly the coin, team behind it, future changes, their marketing potential, etc.) I could do pretty accurate predictions.
I was sitting on a coin for weeks or even months, without stressing out.
What's your experience?
in my experience this is a bad thing to do because unfortunately a good coin can not be found and even if you find them they won't rise that much. the most profit is in shitcoins and in their pump and dumps which also means holding altcoins is a very bad decision. I was sitting on a coin for weeks or even months, without stressing out.
What's your experience?
Every trader have their own trading way depending on how much time they can put on trading itself.
I'm long term investor for crypto because I believe crypto will keep growing over years !
Why long term ?
Less stress and maximum profit !
I'm long term investor for crypto because I believe crypto will keep growing over years !
Why long term ?
Less stress and maximum profit !
Depend on market itself for me, I'll be day trader when market situation is volatile such as this time. Bitcoin price grow up from $7900 to $8700, and it was working for me. But if the market situation is stable then I'll choose for long term trading. I feel saturated when when I become day trader only or I become a long term trader, but if I mixing it I won't feel saturated because I'll use the different strategy so as I'll feel comfortable when I trade.
Some people think of trading as a shortcut to getting rich quick and they're expecting too much out of it which is making trading really stressful.
It will take a lot of patience and courage for us to reach our target goal so if we'll think that trading would be a solution to get rich, we will surely be having lots of disappointments in the end.
The current trend was supporting to day trading so most of the traders are concentrate the continuous participation. But sometimes we will follow the long term investment also it depends on the situation. So they just ask the favourite trading style but your suggestion was little different from trading style. It will take a lot of patience and courage for us to reach our target goal so if we'll think that trading would be a solution to get rich, we will surely be having lots of disappointments in the end.
It is expected that a day trader makes profit everyday depending on the strategy they further apply within that day which could be scalp trading or the other normal trading. Holding for few days is not also bad, this type of short term trade is safer and gives chances for you to be able to make better decision without having to rush in making decision like we do in day trading.
Swing trade is probably the best trading style the suits me. I don't trade coin like hourly I would prefer to go with daily and weekly chart
Some people think of trading as a shortcut to getting rich quick and they're expecting too much out of it which is making trading really stressful.
It will take a lot of patience and courage for us to reach our target goal so if we'll think that trading would be a solution to get rich, we will surely be having lots of disappointments in the end.
The current trend was supporting to day trading so most of the traders are concentrate the continuous participation. But sometimes we will follow the long term investment also it depends on the situation. So they just ask the favourite trading style but your suggestion was little different from trading style. It will take a lot of patience and courage for us to reach our target goal so if we'll think that trading would be a solution to get rich, we will surely be having lots of disappointments in the end.
I am kind of mid to long term trader because short term trading is more risky due to too much of price swings so when we have time then we can decide what we are going to do with it.So as long as we are trading longer we have better chance of making perfect trades but shortish trades can be more profitable but still I am not ready to take kind of risk with losing my capital.
Since I started my activity in the Bounty companies, and then continued with the help of investments in new projects, I was engaged in trade from time to time. I didn’t have time to go to daily trading. But since long-term trade almost resembled long-term investments, it was this strategy that suited me the most.
Short term trading really needs a full attention in order to make it successful so this kind of trading style is not suitable for me as I only have a little time per day.
So my favorite trading style is a long term one, I buy in bear season then stock it for months or years and sell it once I hit my target price for selling. It only takes a little time and you don't have to monitor it daily as I only check my investment monthly.
Having enough patients and aiming for higher returned can be performed when you are working with long term trades, speculations and volatility onlySo my favorite trading style is a long term one, I buy in bear season then stock it for months or years and sell it once I hit my target price for selling. It only takes a little time and you don't have to monitor it daily as I only check my investment monthly.
interfere with your desire profits, unlike with long term goals, you can set you sell order and wait till the value will be executed and you can generate
the profits that you like.
Short term trading really needs a full attention in order to make it successful so this kind of trading style is not suitable for me as I only have a little time per day.
So my favorite trading style is a long term one, I buy in bear season then stock it for months or years and sell it once I hit my target price for selling. It only takes a little time and you don't have to monitor it daily as I only check my investment monthly.
I also choose long term to make a profit because it is more profitable than trading every day and if you have good psychology, both ways will help you earn high profits. I often choose coins that are in the top 100 CMC and when the market falls, I will use a small money amount to choose the best community projects and then invest based on my ability. This is not easy and you must have a lot of knowledge to do that because just one mistake, the loss will happen to you. So my favorite trading style is a long term one, I buy in bear season then stock it for months or years and sell it once I hit my target price for selling. It only takes a little time and you don't have to monitor it daily as I only check my investment monthly.
Short term trading really needs a full attention in order to make it successful so this kind of trading style is not suitable for me as I only have a little time per day.
So my favorite trading style is a long term one, I buy in bear season then stock it for months or years and sell it once I hit my target price for selling. It only takes a little time and you don't have to monitor it daily as I only check my investment monthly.
So my favorite trading style is a long term one, I buy in bear season then stock it for months or years and sell it once I hit my target price for selling. It only takes a little time and you don't have to monitor it daily as I only check my investment monthly.
Jump to: