What's your trading strategy? - page 18.

Awesomus Maximus

member

Activity: 392

Merit: 66

Quote from: nydiacaskey01 on July 27, 2017, 12:48:17 PM

You will always hear "Buy Low, Sell High" but its easier said than done

Common sense tells us this is a good strategy.
In practice, though, if you try to earn by day-trading, I don't see how it can work consistently.
For example, I can make 10 consecutive good decisions ("buy low, sell high" over and over again),
and improve my position on a coin by 30%.
Everything looks fine, everything seems to work fine.
And then, in a couple of hours, the market goes crazy, and I lose 40%.

Wahyud11

member

Activity: 84

Merit: 10

the most important trading strategy is to buy a small price and then sell the goods at a high price then it will get a lot of profit

nieninja53

member

Activity: 280

Merit: 10

My strategy is based on daily base trading which is depend on one day coins rate and profit and loss is depend on one day and does not extend for more days I will try to pick the price on daily low price and sell on daily high price,

mobnepal

legendary

Activity: 1218

Merit: 1006

- Buy on the speculation/hype and sell when real news comes out.
- Buy altcoins during blood bath for quick profit
- Always store half of your total crypto holding in bitcoin and remaining in fiat and different alts.

There are few of my trading strategy.

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: TheFriends on July 28, 2017, 11:46:50 AM

Buy low and hold for a long time.
I think that's the best strategy.

And how would you classify or determine low price? It may be that you bought coin on pump and price never jump to that high again in years.
Best thing to do is to pick only those coins which are mature enough. With maturity I mean established coins. Rest hodling assures that you will surely gonna have profit. Consider LTC 500% rise, ETH 1500% rise, BTC 300% rise, DOGE 300% rise in just one year. That's enough to say.

Quote from: TheFriends on July 28, 2017, 11:46:50 AM

Daytrade can cause a few losses and be difficult to recover.

100% agreed. Don't gamble when you trading.

TheFriends

member

Activity: 182

Merit: 10

Buy low and hold for a long time.

I think that's the best strategy.

Daytrade can cause a few losses and be difficult to recover.

manifo1d

newbie

Activity: 70

Merit: 0

Quote from: avikz on July 28, 2017, 11:10:47 AM

Quote from: manifo1d on July 27, 2017, 12:19:41 PM

Tell us or me what your trading strategy is

I do small gains on large dips but that's a risky move, sometimes I climb the mountain when the price rises or when news opens up.

I'm curious what others do to gain money.

I keep my eyes and mind open every time and track the market almost everytime, even at my office. That's my strategy to trade. Also patience is very crucial because traders need to have patience. Without patience, you will tend to make drastic step which may not earn you anything.

Market tracking is very important because then only you will be able to notice the trading opportunities and make use of it. Also you may look for arbitraging. Where you can buy frm one exchange at a lower price and immediately sell at another exchange at a higher price. Google it and you will learn arbitraging.

Whats an example of a price difference on arbitrage?

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: manifo1d on July 27, 2017, 12:19:41 PM

Tell us or me what your trading strategy is

I do small gains on large dips but that's a risky move, sometimes I climb the mountain when the price rises or when news opens up.

I'm curious what others do to gain money.

I keep my eyes and mind open every time and track the market almost everytime, even at my office. That's my strategy to trade. Also patience is very crucial because traders need to have patience. Without patience, you will tend to make drastic step which may not earn you anything.

Market tracking is very important because then only you will be able to notice the trading opportunities and make use of it. Also you may look for arbitraging. Where you can buy frm one exchange at a lower price and immediately sell at another exchange at a higher price. Google it and you will learn arbitraging.

manifo1d

newbie

Activity: 70

Merit: 0

Quote from: JimmieA on July 28, 2017, 06:15:45 AM

In investing in crypto, the only strategy to make a profit is "buy low and sell high." You may have heard of this, but it's not easy to actually do that. Before you invest money into crypto, you need to make sure you have a thorough understanding of the crypto market and the tools on the trading exchanges.

I'm sure its like trading in the regular market. It seems so and also not as volatile as penny stocks can be.

JimmieA

sr. member

Activity: 396

Merit: 250

In investing in crypto, the only strategy to make a profit is "buy low and sell high." You may have heard of this, but it's not easy to actually do that. Before you invest money into crypto, you need to make sure you have a thorough understanding of the crypto market and the tools on the trading exchanges.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

The only strat you can use is the Buy low and Sell high its the basic thing on trading but you can use some certain site identifier on wheter its good to buy right now or not since their are certain site like coinmarketcap that gives 24 hr statistic of the coins and you might gonna catch those big pumps incoming for seeing the high number's of coins lister their. And also If you don't have a time upon following or breaking your head on your desktop theirs a blockfolio app where you can monitor the current price via using your smartphone.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: nydiacaskey01 on July 27, 2017, 12:48:17 PM

You will always hear "Buy Low, Sell High" but its easier said than done as I also encountered a time when I have to sell below my Buy rate as I see another opportunity to not only to earn but to recover what I have lost on a wrong purchase. Write down all your mistakes in trading and try to read them from time to time to remind you not to do it again.

Perfectly said. In some situations , we do have to sell in a loss but we do have to see if we could recover the amount we spent in a loss. If there is an opportunity where we can recover the loss we are going to have currently then we should definitely go for that opportunity. May be we could buy back the coin at a lower price after recovering from the loss. If there is no opportunity, then we probably just wait. At some point the coin will definitely rise up and yield profit. The important thing here to remember is, never invest all of your money in a signle coin. We should diversify our money and atleast keep 20 % to buy something in future.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

You will always hear "Buy Low, Sell High" but its easier said than done as I also encountered a time when I have to sell below my Buy rate as I see another opportunity to not only to earn but to recover what I have lost on a wrong purchase. Write down all your mistakes in trading and try to read them from time to time to remind you not to do it again.

manifo1d

newbie

Activity: 70

Merit: 0

Tell us or me what your trading strategy is

I do small gains on large dips but that's a risky move, sometimes I climb the mountain when the price rises or when news opens up.

I'm curious what others do to gain money.

Topic: What's your trading strategy? - page 18. (Read 1788 times)