Topic: What's your trading style? - page 11. (Read 5170 times)

Do you currently have better results than you used to have? Or you haven't invested in cryptocurrencies in the past?

Personally I look for coins which have good spreads, especially those that are backed up by big offers so the risk of losing greatly is largely reduced, I don't aim to hold the coins for more than about 4/5 hours and aim to make 2-5%.

I do trade new coins with carefulness as it's price fluctuate without no serious reason. I do Wait for any new coins to see how it reacts to altcoins and Bitcoin market technical and fundamentals issues, from there I will see the historical price movement and tried to follow the pattern it has created over time. Though trading is a very risky venture and you should not embark on it without proper knowledge on how it works.

New crypto market   What do you mean by new crypto market?

If you are talking about new coins/tokens that are pumping up everyday through ICO than I am just buying them when bounty hunters will dump their free tokens at below ICO price and riding marketing hype done by the team behind the project. Selling all I have bought at low price when project will stop doing excessive marketing..

my trading style is not dramatic I just follow the rate of altcoin & waiting for small pump.I just make sure small profit that's it.

My strategy towards the cryptocurrency market is pretty simple and straight forward. I call it the 'snipe and wipe' technique.
It begins with an intermediate research about the current trending coins which are going down and finding the best among them to invest into. When I find the right coin, I put my money into it and basically buy in. This is the 'snipe' part of things and yes its pretty hard to find a coin sliding down which will rise in the coming days. Once the coin improves on the market, whenever I think the price and time is right, I wipe the floor and sell all my holdings of that token.
Of course the down side is if the coin never rises back up and just dies off, but being in the crypto market from a couple of years has given me enough experiences of shitcoins and I can easily filter the best among the worst.

As someone who has traded in the city of London for near 20 years and headed whole trading rooms for the last 5 I can tell you with 100% certainty that trading ( getting in and out of any asset at any speed) will not make you any money unless you have a competitive advantage also known as 'axe' on trading floors. I'm very new to bitcoin but what immediately obvious its the fact that it has very wide bid/offer spreads and the chance of gap risk is immense. You can get lucky but chances are stacked against you at the long run. To quickly explain how banks make money without any silly conspiracy theories:

1) client orders (axe: charge fees)
2) High frequency (axe: hardware and software beyond the reach of most humans. Dark Pools The rise of AI in trading is a good read to educate yourself on this )
3) Client products (axe: create derivatives with simple traded products, charge fees)
4) Leveraged balance sheet (axe: cheap central bank liquidity not available to you and I as individuals)
5) Ample liquidity

Just to give you an example all traders on the floor are in agreement: if we all took bets against the trading floor cleaner (the person who comes in to vacuum at the end of every day) with out own money while the cleaner had the bank balance sheet behind him and accepted all bets at fair odds. In the long run the cleaner will ALWAYS win. This will be even quicker if we leveraged our bets i.e traded on margin.

To give an answer to your question as an individual you better off simply taking a view up/down and prepare to see it through. any deviation from this will cost you!

my trading style is to sell the product in its lowest price or depends upon the product price.because most people find affordable product to buy in the market,most especially today living is so expensive.

actually  the new crypto is better than old and you can made more profits in short time

My trading style is altcoin arbitrage.
You would be surprised at the price difference across multiple exchanges for new, up and coming, alt coins.

Just make sure to do small test trades in the exchanges first to make sure you won't get delayed for manual verification.

What your trading style for the new Crypto market ?