Topic: What's your trading strategy? - page 2. (Read 803 times)

The trading strategy I use is very basic, namely buying at a low price and selling it when the price goes up. It's just that simple
to be able to make profit in crypto trading, especially now that all coins are experiencing a price drop. Makes a good opportunity
to be able to buy coins at low prices, of course, only the popular and potential coins that I will buy.

What I like to do is wait for big moves. I basically do nothing when there's a swing up or down below 10%. I wait for bigger swings of at least 12% or long bear markets where I wait for at least 60% loss. Then I patiently wait for a swing up.

In case of a bear market buy I wait for at least 50% bounce back before I sell anything and in case of a swing I wait for a profit of preferably 20%. If I don't get it I can wait for a year for it to finally happen. I've got time.

Everything should really be planned specially you are dealing with the market and risking up your own money.So its just normal for you to do all sorts of things first before jumping into anything without any corresponding knowledge.

There are lots of strategies and your own plans would really be molded by lots of trials and error.Dont expect that you can find it out on a single day yet this would take years for you
to have a grasp on.

Strategy will vary on to each person because there are strats that might be working for you but not into others this is why its important to discover on your own or on what suits
you the most.

Well, at this point you should always have a plan ^{[the plan A and plan B]} which is you have a choice and also you can easily exit you will experience a massive loss. A strategy is very important, --even though what strategy it is as long as you have always a game plan in every trading, just like a game, there should be a plan how to defeat the opponent, the only thing you can do is set up a strategy that may suitable and effective to your opponent.

If it is profitable for them then why they have to stop it?

People have to learn it, don't blame the things which you can't control.price manipulation is always existing in crypto market but the whale just initiating things, only the real investors are the real cause for the price dumps.

Very well said. I believe that day trade can be profitable in its own way but for me, this doesn't work and doesn't fit me at all. I am more type of person who waits for a big movement to come before to sell. So basically, I am more on buy and HODL strategy. Not totally holding it for a long time, perhaps having 2x or more would be fine but if I felt the market is surging then I will try to hold myself a little bit more assuming for more possible rewards.

Business strategies are different for everyone gather enough information about the business you will be doing. Know what the demand is about that business where you will find the things you need. Find out enough about its purchase and sale price. Learn about the local market. Get to know your competitors. Try to understand how they work. Staying active is as easy as collecting new business strategies. This will make the business very profitable.

If I truly said every trading strategy is failed if price manipulation going on that way and its totally bad impact on crypto market. Good coin 50 percent down. Many people got liquidation due to leverage trading. Exchange are promoting for future trading which is really bad for investor. 99 percent people lost their fund in that kind of activity. Because price manipulate by any whales. Its so easy. So this kind of activity should stop.

Right now, I bought some coins that really good for the long term and those are Bnb, Busd, Link, Dot, Lend, Ethereum, Xem, Vet, Ada, Nxps and Sc, then for day trading I used Ag8, Link, Jrt, Xrp and Atom just applying the buy and low system basic in the trading dude, just simple as
that just like what the other traders did in the exchange.

The market condition for quite some times now dosen't encourage much of massive a profit generation over trading and as such it is always important to go into a trade with a pre-determined profit aim to gain from such trade and onece you hit it, you sell of and take profits and forget about greed or fear the coin might pump higher. Gone are the days when we see price of cryptos have 1000% imcrease over night, even if it happens, it's very rare.  I've been using this strategy for sometimes now and I'm glad it's working out, although the return is always not massive but it's better than using strategies that will get ones accoint burn

Generally you're only gonna lose money from trading emotionally or from a big correction or if you're trading during a bear market.

Bear market: I made the mistake in early 2018 moving a bunch of my long term bitcoin into trading, and I lost tens of thousands of dollars trading that year because at the time I didn't expect a full on bear market. The next bear market in probably a couple years I'm just gonna get out of trading for a year until I see it stabilizing at a bottom.

Emotional trading: Trading emotionally is the easiest and most common way to lose money. Like if you get upset the price moved in the opposite direction that you thought it would, so you sell for loss or buy in higher, then the market moves in the other direction and you again buy or sell in a worse market position so you lose all over again. It is clear from how upset you are that you are trading emotionally. It's been extremely easy to make money the past month and a half since the pandemic panic crash on March 12th, there is no reason anyone should be losing money on trading right now unless they are trading emotionally and compounding losses. I've been there, I know its possible to lose money even when the price is going up, but its hard to loss money in a bull market unless you're trading emotionally.

Big correction: I was up $6000 in trading the first month and a half of this year, then my trades were stuck for a few weeks as the price stalled in the $10000s, then I finally got out of my trades a couple days after the pandemic panic crash and suddenly I had gone from $6k profit to $3k loss. Yeah that's right a negative $9000 swing (and I started with $14k in my trading stash this year so $9k negative movement is absurd). That hurt. Without stop losses even if you make money most of the time you're gonna end up losing money overall because of crashes/big corrections. But now in the month and a half since then I've again made $6k, so I'm $3k up for the year in 4 months despite taking a $9k loss on that crash. If I had used stop losses I'd be up probably a few thousand dollars more.

Point is, we're in a macro bull market, and have been for 13 months now. If you don't trade emotionally, if you use good risk management, and have stop losses in place for major market corrections it really is not hard to make money.

My trading strategy is that buy high and sell low.... Because this fucking crypto market not makes you profit in any condition. Whales are liquidate both if you doing long or short. No matter. I am very disappointed from that kind of market already make a 800 dollors loss in one month. I think holding is good strategy.


Edit :- Everyone is saying day trading is profit but I 99 percent of person who do day trading loosing their 100 percent money untill you get a somekind of paid call signal. So day trading is very risky even you make continue makes 10 profitable trade then suddenly you loss everything in one trade.

I am looking for Arbitrage now because since there are many legit exchange these days at least there are chances that i can make profit.
and besides my capital is some amount that i can afford to lose so whatever happen i can at least stay holding for semi long term if i did not succeed in my trials.
so i can save my money from losing if the short term did not bring any luck for me.

By giving time in market all situation then trade strategy can help you to success. In trading I passed more than 3 years and I think every coin buy during the dip. Any promising coin which coin passed more than 1.5-2 years in cryptocurrency, that coin will be the best for trade or hold.

Day trading is really profitable if you have the skills to make profits even if the market is suddenly crashing. It requires more knowledge than just simply buy and hold for long term. But as you go on trading, you develop more strategies aside from day trading that will minimize your losses and maximize profits when trading.

One problem is that only a few people with a lot of liquid assets have the possibility to influence the Bitcoin price significantly. It is difficult to guess in which direction these trades are going.

Day trading is profitable if you have good trading knowledge. Day trading is not for everyone. This requires a lot of work. Day trading can be dangerous for those who have little idea about trading. Because there is a lot of risk here. You always have to keep an eye on the market. This is why I do not do day trading. My strategy is to buy rumors. And to sell as soon as the news arrives. Because I have tried all the ways and got bad results. My current strategy is giving good results. So that the tendency to trade more has decreased

Day trading is one of the profitable way to make money from cryptos but we also have to mention the fact that not everyone is going to make profits from day trading and for every missed chance they are missing money from their pocket so understand the both side before using day trading as quick earning method.

Hodling the coins is a good decision. You can lose 100% of your investment at most, but you can win over 100%.

for my trading strategy is so simple.
for the first time i just look how the volume of trade is grow, if it grow up in good volume i will buy more because i believe if the volume grow up the price will moon after that, and wait a time when the price in top then i sell it to ge a profit.