Which type of trading you think is good? - page 3.

pragna

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Quote from: RapTarX on August 29, 2020, 12:02:33 PM

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

First of all good thinking from you. I basically believe in event news because maximum traders waiting for news as a result when we saw a good coin listing in a good exchanges its demand pass high in market and price also. But if i go for technical analysis without news, there is a chance of fall in zero as its not parallel to time. So i always follow event news.

thanks.

Shohanur

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Activity: 251

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BIB Exchange

I think day trading is the good way to generate good amount of money but it is risky. You can choice long term but be sure to select best pairs.

pokeronlinestatus

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The two you have mentioned are ways of enhancing your day trading and there are still more ways that can help to keep making your trading strategy very strong – the next thing is to be applying stop loss so that if things go wrongly you won’t be losing much, that way you’re minimizing your risks.

The next step is by diversifying your trades, when you diversify your trades you will be able to decrease the risk that is attached daily to a specific coin, you can just diversify with a few coin. Lastly I’d like to say people who wants to be successful in trading using their strategy need to be watching their time.

Salauddin1994

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Like almost all trades in the crypto market it usually depends on our skills it is very easy to succeed in a trade that has good knowledge but i think day trading is better it's easy to make a profit every day and learn something new about the market. In this type of trading you have to enter the trade in a very short time as it is a very short time trade so you have to trade a lot which can be 100 daily. Make very limited profit per trade such as 3-5 pips trading in a dynamic market trend based on a 1 minute chart.

Bitlover10

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Activity: 293

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Love is all

All research is important for doing trading. You can't ignore anything. Technical analysis or chart learning or news based, event etc everything is playing a good role in trading. So when you go for buying something you must complete your dyor. For me I usually choose news based coin for trading. Upcoming news events makes a good spike in coin. So for mid term its gives you a good profit.

Twentyonepaylots

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Activity: 1932

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Quote from: pokeronlinestatus on September 12, 2020, 10:27:19 AM

Every type of trading is good, it all depends on you and what you want exactly. You have to look into the types of trading there is and then you choose the one you think would work out better for you. If you’re the type of person with so much at hand and you want to be trading all the time, then day trading will be better for you, and you will be collecting profit all the day.

Indeed, trading works for everyone but it should fit on what style you have. For most people, long hold trading just as fine to them, less worry less monitoring less every thing than any trading type. But every one should be wary of this one thing, just trade what you are afford to lose and always know the market situation.

Quote from: pokeronlinestatus on September 12, 2020, 10:27:19 AM

There is also margin trading and position trading.

If you don't like getting smash as quickly as possible, don't get too close with these type of trading coz you are trading with leverage with it which is not ideal for surely making profit, though you can try it but honestly it is not recommendable.

Anyobsss

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DeFixy.com - The future of Decentralization

Quote from: RapTarX on August 29, 2020, 12:02:33 PM

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

Just as you said, trading based on event is easy, however, there aren't much opportunity in trading based on news unlike in technical analysis. In technical analysis, the opportunity is always there if you now how to read the graph, the trend line, the candlestick, you know where the support and resistance, basically, you can see through how and what the market behaves and that could be a really great tool. It also depends on what market and what kind of trader are you. You could also used both to become at least a 70% win rate trader.

pokeronlinestatus

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Activity: 455

Merit: 102

Every type of trading is good, it all depends on you and what you want exactly. You have to look into the types of trading there is and then you choose the one you think would work out better for you. If you’re the type of person with so much at hand and you want to be trading all the time, then day trading will be better for you, and you will be collecting profit all the day.

There is also margin trading and position trading. So, you just have to look them up and see what’s better and develop the right strategy towards that. I see some people in this forum that say their full-time job is being a cryptocurrency trader, and those are the people that are into day trading, they are doing like a job and they are relying on it as a means of daily income.

LouVandetta

sr. member

Activity: 602

Merit: 253

I'm not really an expert on my TA, so I combined both of TA and FA which is from news and also events and put two and two together. Well, not every little time it made a sense with my trading, sometimes you just had that bad days you cannot avoid no matter how good you are. You could use any strategies you wanted to as long as you're using them in a correct way. You can make use of event such as new listing on another market moreover if it's a big market. So, a different strategies on a certain circumstances.

NavI_027

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Activity: 1232

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Quote from: Wratheye on September 12, 2020, 12:15:51 AM

In any case, you can always adjust your strategy, no matter how good it was.

Yeah right. You don't nees to do this or to do that. Find the way which you think the most comfortable for you. You know, if you're a busy person then most preferable for you is based on news but if you have plenty of time then TA would be better. But everything depends from person to person so don't stress yourself copying what others doing

.

But if I really have to choose only one between them then I will go with TA all the way lol. They seems more reliable to me.

Wratheye

newbie

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In any case, you can always adjust your strategy, no matter how good it was.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Majharul Saiif on September 07, 2020, 01:23:25 PM

I think all types of trading are good in time rotation. Different strategies work at different times. So all types of trading should be considered.

However there is one big problem with what you are suggesting, you do not know ahead of time which strategy is going to be the most effective during a particular time frame, and you have no way to identify this ahead of time so whatever strategy that you design needs to take this into account, which is the main reason why so many people tend to specialize on their trading style as there is no advantage on using several styles of trading when you cannot predict which one will be the best one to apply during the current period.

chip1994

sr. member

Activity: 868

Merit: 251

HEX: Longer pays better

Quote from: RapTarX on August 29, 2020, 12:02:33 PM

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

It depends on the personality of each person. I have surveyed that people with good self-discipline will get a lot of success when trading with TA. And for many people who are not good at controlling their emotions, they trade very well by the method of waiting for news. still many people will be very well suited to hold and basic analysis. we have many different individuals and it is important to understand yourself. When you understand yourself, you will choose the best strategy for you. Wink

jostorres

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Activity: 2576

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Everyone has their own traits in life, some people are good for one thing and some people are good for another, there is no way you could focus on one method and live rest of your life with that, you wouldn't really make any profit at all if you just stick to one method.

Obviously speaking if you just buy bitcoin and never look at it for 20 years and cash out you could profit but that is investment and not trading.

So in trading, check out every single method, check all indicators, check all TA and charts, and combine the best ones you have that resulted with good profits and remove all the ones that was bad and lost you money, that way you could make as much profit as you can hopefully, by using the good details you find in crypto trading TA world.

Calvinpiva

jr. member

Activity: 35

Merit: 1

There are many types of trading that they are good and profitable but the most typical which i like is a peer to peer trading. I like peer to peer trading method because is less risk than many other trading and it's the same as arbitrage trading method. The only challenge of these two methods it's because they required large trading capital.

Hodling also is good when you know how to read the market prices.

lixer

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Activity: 2688

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You can’t just be relying on events and news, I have seen some events that have taken place many times and people thought that those events were going to make any changes, but that never happened, price still went to an opposite direction to what they thought it was going to be. And as for news? Some people will tell you that bad news is what will make the price of a cryptocurrency to drop, but trust me I see a lot of those bad news every day and the price still doesn’t drop when I see them.

There is still more that goes in to determine where the price is heading to, it’s good to make use of every means possible to predict where price heads to next, but have it in mind that you won’t be able to predict price all the time, it’s under probability.

Mahdirakib

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In Search of Incredible

You can assure yourself to stay in profit in the long term, if you trade with proper technical analysis. But it's not easy to get good knowledge about it. A traders need to spend a lot of time to learn about TA. He or she needs to observe the whole price chart history.
While it's easier to trade based on event news. You just need the perfect timing. But the news may not effect in the price as it will say. Traders also sell their coin with loss while they get panic by false news. With proper technical analysis a good trader can avoid those situation.

djmixen

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Activity: 518

Merit: 11

To tell you frankly dude, I had been doing trade in cryptocurrency but I never try to use Trading analysis, I always based it on the actual
happening in the platform exchange. I just observe the movement in the chart then I see the line is giving a signal to buy or sell I will do it immediately of course. But this what I did is not simple because it needs timing implementation when we do trade in the platform.

so98nn

hero member

Activity: 2114

Merit: 603

Quote from: RapTarX on August 29, 2020, 12:02:33 PM

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

3. How about a hunch? Tongue

There are many trades which I have played based on the hunch and they went out very well.

TA and event news should be the base of everything but honestly if you keep seeing the trade patterns everyday without fail, you start to get a feeling that "today BTC will go down, up, stay as it is"etc etc.

Don't know what kind of trade this would be but for me it's hunch trading. Grin

Who else has done this anytime?

carlfebz2

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DGbet.fun - Crypto Sportsbook

Quote from: Viscore on September 09, 2020, 09:57:22 AM

Quote from: junnar1968 on September 06, 2020, 07:13:49 AM

For me a good trader is someone who's open minded and open to any suggestion. you can't rely on your own guts. you need to learn how and when does the trend happen or about to happen. My suggestion is to watch online or local TL news that may trigger big spikes on the currency that your trading.

I hope you'll find it good. Trading can't be always successful, not even you have learned a lot or you have good strategies. The only thing that usually saves us from getting into mistakes is to trust yourself and not even bothered of what we've heard outside. I come into trading with no knowledge, not at all but I've taken all the losses as a way to improve and to prove that we can make it right at the right time. And this is to realize how important to make our own market analysis than rely on others.

Listening on other calls or inputs isnt really that bad either but when you do already come to a point where you do rely on it then thats the wrong thing to be done.

Trading isnt really for everybody yet the fact that there are traders who've been doing this thing but still on the phase where they cant really be profitable.

Its does really require knowledge and guts is just one of the factors but not necessarily needed. Mistakes are inevitable but thats part of the learning process.

Try to reduce it as minimal as possible.

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