Topic: What's your trading strategy? - page 5. (Read 800 times)

Exactly. Not trying to beat the market is key I think. Sometimes of course you will like when you sell for profit and then there is a dip and you get to buy lower. But beating the market shouldn't be the goal, because that leads to FOMO, panic, emotional trading. Like if Bitcoin pumps hard and all your sells are hit and you are watching yourself miss out on lots of gains it is very easy to FOMO in and then suddenly you find the price dropping from the top of the pump and your trade is quickly negative. But if you are happy that all your sells got hit so you made a good amount for the day, then you won't make an emotional trade like throwing a bunch of your money into a possibly risky trade well into a pump.

Some people would say why trade if you aren't trying to beat the market, instead just HODL. But to me day trading is to make income. Most of my coins are long term holding, but that is money that I won't have access to for years because it's long term. Meanwhile, I can trade daily and make income regularly. The goal isn't (and shouldn't be) to beat the market, the goal for me is to use crypto's high daily volatility to make regular income.

Sometimes you need to push more to achieve your profit goal, for example you have a 24 hour trade deal but it's gonna be late to max the profit out, you need to push more than your plan so you could get your target. Plan does not go as planned, sometimes you need to make an another path that has the same ends as what you began. Risking 10% is good to me, but in my case I'd always like to risk more than that 10%.

Day trading looks profitable at the end of days, weeks but if you calculate the profits at the end of year it will be more or similar to the profits from mid terms trader or even holders so it is like you are doing too much work to climb the same height as an average trader.So you can invest that extra time into some other thing to make more profits.

My strategy is only HOLD for longterm, because when i do daily trade my emotion always control me. already search guide for trading but not work for me, so now i'm only HOLD major Altcoin. and yes my portofolio growth since last year.. ^^

One of the basic concept to make more earning into trading is using the trading strategy of buy low and sell high most of the people use this kind of technique to make more earnings because there is a huge chance to make more income, but still it is better to make choice on your trading If you make more profit in a single day you can do the altcoins trading because those are the most volatile, but if you want to make more a long term trading bitcoin are the suitable for that because it takes a lot of day and week before it makes a huge movement. Still it depends on the things you want to do to make earning.


It is good too to becomes more observer and make a trade rarely because you know your self and your calculations about the msrket movement and if you think it is time to buy go for it and hodl for a long time and wait for the right time to sell and get a huge profit, still it depends on your trading techniques if this kind of trade makes more effective. Also don't get make any panic selling if you think you made a mistake on your trades still it is good to hodl to avoid getting lose more when you sell in a wrong timing.

My mindset is not to beat the market but to hit my profit goal and that makes me more a stable trader. You don’t have to complicate your trading strategy, all you have to do is learn the basic things and do it right. Trading is about 10% execution and a 90% of trading discipline, we have to be more better as a trader and that can be your good strategy.

I'm part of those 10% who actively buying and selling cryptocurrencies or in a simple term I do trading. Before I did hodl and for me it is not profitable when the bearish market strike. Hodl is good but we should do it when the market is bullish because buyers are in control. Actively buying and selling cryptocurrencies are not simple and it is not easy, if it is easy for sure most of people will also do it but the reality the risks are so high and only few people manage to handle the risks very well. I sometimes do range trading but my strategies depends on the trend of the market.

It works in two ways for me although I recorded more success when I just buy and hold then sell to take some profit when  I see the an opportunity like most pumps that if you have observe the market for quite some time you could easily identify them as spikes and not healthy market growth that in matter of hours they'll retraced back.

My first trading strategy has to do with buying on fud, when there's panic in the market that's when I step in to get some cheap coins. I don't always get my timing right but in situations like that I result to holding instead of panic selling. I differentiate my trading coins from my investment ones that obviously won't be disturb for a very long time.

My second strategy has to do with buying the rumor in anticipating for a spike. I'm more of an occasional trader, I hardly trade on a regular base but don't miss an opportunity when I see one.

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

For you lovers of the trade, what's your go-to trading strategy?

Personally I just go after daily volatility. Day trading can be dangerous as it means you're constantly getting into trades so when prices suddenly plummet for weeks or months you can be left holding sinking bags, as opposed to something like swing trading where if the price plummets after a pump you still have time to get out with profits. But I think you can lessen the risk by incorporating a swing trading macro strategy on top of day trading - by which I mean if you look at the slightly more macro/mid-term level like a swing trader would you can lessen your trading when it looks like resistance might push the price down and you can be mostly in cash set at lower buys in case the price does drop.

Still risky and you still need a good amount of luck and more importantly very good risk management, but I find that there is so much daily volatility much of the time that just playing off that is a recipe for consistent daily gains which turn into big gains over the long term.

And when I say going after daily volatility, to me it is key to not worry about beating the market, that way you don't FOMO in after you miss most of a big move. If everything shoots up 10% in a day and you only catch 2% of that it's easy to think you did a terrible job. But if you are just riding daily volatility it doesn't matter if you miss the vast majority of a major move, as long as you got a tiny bit of it and don't FOMO in and get on the wrong side when a correction comes and you keep up those daily gains that is all that really matters.

1% compounded daily gains doubles your money every 70 days. If you're able to do half that over the long term that's doubling your money in less than 5 months (139 days). I'm all about that daily volatility gains.