Which type of trading you think is good? - page 5.

djmixen

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Quote from: bearexin on September 03, 2020, 10:22:59 AM

Types of trading I know, they are about five of them: momentum, scalping, position trading, day trading, and swing trading, and they all require that you know technical analysis. So, saying technical analysis is a type of trading is wrong, technical analysis is necessary, if you don’t know technical analysis you are not yet a trader. As for the news, they do have effect on the market as well, in fact the two things you have mentioned here are just things that are necessary to be a trader, you have to be current with the news and also know technical analysis.

Day trading is the type of trading where you’re taking profit every day, scalping is taking small profits repeatedly, momentum is like following coins that are trending, swing is a short term trend where you target a trend and invest , and lastly position traders can hold for a month or week. To do all these thing you need to know T.A.

You may be right on what you stated in the above, But I think scalping is not that easy to apply when you are in the actual trade platform.
I've been doing this and most of the time, in the end, I always lost my coins. Meaning, timing I think is also one of the good tools methods to use when we do trade dude.

Hypnosis00

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For a reason that I'm not always watching television or any possible source of news and activities coming, better to have TA's instead. Or it much better to consider them both coz we know already TA is not also effective in some instances. But we also have to keep in mind that the market is so volatile, having them both never give assurance. That trading is just like we are in gambling and the result will be 50/50 but much good if we have knowledge about it.

goldade

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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?

Although both are important for a successful trading, I do believe it is still much better to trade on technical analysis. Technical analysis is extremely important to be able to read the market unlike having to wait for some big news to affect the market.
Without technical analysis, there's no possible way for you to be called a trader. I mean, without technical analysis, how do you even intend to trade?
I'd advice you shouldn't depend on event news to trade. The best thing to do is to trade based on technical analysis.

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Quote from: dunfida on September 02, 2020, 05:25:39 PM

Quote from: justdimin on September 02, 2020, 08:49:37 AM

The one you know obviously, the more you know the more you can do, if you think there is a set configure that could help you with making money you are very wrong, I am sure that people actually think like that, there is some sort of quick way of making money, do this type of trading or do this type and you will definitely make money! Well that doesn't exist, you can't make money that way, you are going to end up losing money.

This is why I agree that people should actually focus on learning, learn whatever you want and learn how to do it however you want and that is why I want to make sure that you know what you are doing, if you know what you are doing you are going to profit from it, that is why just study your things and whatever it is as long as you do it well you will profit.

Sad reality but this is what happening on most people who do tend to make up trades for the first time on where they do hurry to learn up things and even jump to the battlefield without any sufficient
knowledge or even knowing the basics which would really result into a 100% loss and they do realize that they had done the wrong stuff.Trading cant really be learn overnight and this would really be
a pile of trial and error and we know that there are several ways on being a trader and you cant just have to learn it all but rather focus into a path or way on which you are comfortable into neither
you would be a long term or a short-term kind of trader and you do really need to find out on which one works the most on your part.

That is one of the common mistakes of new traders that just want to earn a profit, Imagine there are experienced traders that are losing even they have sufficient knowledge, What more if you only have a limited of it. Trial and error are effective but you shouldn't risk something if you are doing that especially if it involves money, There are a platform where newbies can practice trading through trial and error that can't cost them a single penny.

The crypto market now is unpredictable, Before I am basing my trading decisions depending on the new event of a certain token but now It's really hard to conclude things to make the right move on trading.

sulendra12

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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

I do both, but I'm mostly following the event such as DeFi right now and in my bags mostly it's from my analysis. It's not that big reward I think from my own analysis, but I think by doing that you can learn more and at the time being, you will gain more experience that probably could lead you to gold mine.

bearexin

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Types of trading I know, they are about five of them: momentum, scalping, position trading, day trading, and swing trading, and they all require that you know technical analysis. So, saying technical analysis is a type of trading is wrong, technical analysis is necessary, if you don’t know technical analysis you are not yet a trader. As for the news, they do have effect on the market as well, in fact the two things you have mentioned here are just things that are necessary to be a trader, you have to be current with the news and also know technical analysis.

Day trading is the type of trading where you’re taking profit every day, scalping is taking small profits repeatedly, momentum is like following coins that are trending, swing is a short term trend where you target a trend and invest , and lastly position traders can hold for a month or week. To do all these thing you need to know T.A.

dunfida

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Quote from: justdimin on September 02, 2020, 08:49:37 AM

The one you know obviously, the more you know the more you can do, if you think there is a set configure that could help you with making money you are very wrong, I am sure that people actually think like that, there is some sort of quick way of making money, do this type of trading or do this type and you will definitely make money! Well that doesn't exist, you can't make money that way, you are going to end up losing money.

This is why I agree that people should actually focus on learning, learn whatever you want and learn how to do it however you want and that is why I want to make sure that you know what you are doing, if you know what you are doing you are going to profit from it, that is why just study your things and whatever it is as long as you do it well you will profit.

Sad reality but this is what happening on most people who do tend to make up trades for the first time on where they do hurry to learn up things and even jump to the battlefield without any sufficient
knowledge or even knowing the basics which would really result into a 100% loss and they do realize that they had done the wrong stuff.Trading cant really be learn overnight and this would really be
a pile of trial and error and we know that there are several ways on being a trader and you cant just have to learn it all but rather focus into a path or way on which you are comfortable into neither
you would be a long term or a short-term kind of trader and you do really need to find out on which one works the most on your part.

AakZaki

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The type of trade that is my priority is the type of trading based on technical analysis. Because technical analysis is a method that is able to predict the direction of future price movements by studying price data on the market in the previous period that has been formed on the chart. technical analysis is more difficult than fundamentals. But technical analysis must be learned to read market movements so you will know where the market price is moving.

justdimin

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The one you know obviously, the more you know the more you can do, if you think there is a set configure that could help you with making money you are very wrong, I am sure that people actually think like that, there is some sort of quick way of making money, do this type of trading or do this type and you will definitely make money! Well that doesn't exist, you can't make money that way, you are going to end up losing money.

This is why I agree that people should actually focus on learning, learn whatever you want and learn how to do it however you want and that is why I want to make sure that you know what you are doing, if you know what you are doing you are going to profit from it, that is why just study your things and whatever it is as long as you do it well you will profit.

michellee

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Some traders use the news to trade because they find that some action will happen in the market related to that news if the news release. But that can not be a guide because we know that many news created to make a panic to the traders, so they use the short way to save their money from the big loss. Maybe besides using the news as the analysis, we need to learn about technical analysis, so we can have two methods, which will help us analyze better to find what happens to the coins.

That will give a chance to improve our skills if we have both method analysis to get the right time to enter the market to buy the coin at a low price.

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I am also not much expert in technical analysis, so I prefer to rely on the second method, the "event news" method, whereby by tracking news of some coins, you can expect whether their price will rise or fall. Although the prediction in this way is not 100% accurate, you may be lucky many times if you know how to read the news well.
Of course, there are other methods other than this and it is not necessary to rely on one method in trading, but you can choose the method that suits you every time according to different circumstances, and it is also possible to combine several methods together.

Salauddin1994

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In order to trade as technology improves you need to improve yourself. If you don't try to stay updated all the time the chances of loss will be higher. Any kind of trading is good to verify it yourself the more experience you have about trading the better for you. I think it is better to trade during the day so that you can stay active in the market all the time and be aware of the prices of currencies that are much easier to know new information. Usually determines their trade at the beginning of the day and then ends the day with profit or loss. These types of traders do not determine their trades overnight.

Helpme_please

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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?

i do both of that. in technical analisys i will find best place to put my order and by fundamental analisys i know what trigger will support price movement from my entry point. combining technical and fundamental will give us valid signal and have less risk if we do it correctly.

Quidat

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Quote from: MCobian on September 01, 2020, 05:08:40 PM

I am a trader who believes in the type of trading based on technical analysis, because some of the news that is currently spread is some fakes.
So if you are trading based on event news, the risk is much greater. If we trade relying on technical analysis, usually the result is more satisfying.
Because in my opinion, it is very important to be a successful trader, good technical analysis skills are needed.

I wont disagree into your point yet its actually true that there are news which are fake thats why as part of your investment steps then verification will always come next in line.So that you would know
neither you would make a step or not knowing if the said news is totally legit or fake.Also we cant just hear up news from time to time this is why people do end up on using technicals into their
trading analysis neither they do trade actively or just simply on trending style.It doesnt matter on what type of trading you are into as long it can benefit you out then that one will surely be counted.
Neither you do make use of one of them or doing both if you do have the opportunity.

MCobian

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I am a trader who believes in the type of trading based on technical analysis, because some of the news that is currently spread is some fakes.
So if you are trading based on event news, the risk is much greater. If we trade relying on technical analysis, usually the result is more satisfying.
Because in my opinion, it is very important to be a successful trader, good technical analysis skills are needed.

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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?

This has been asked several times in the forum and the answer is always the same, you should use the technique that brings you profits, trading while using technical analysis can be extremely complex the more indicators you add but there are many traders out there using only one and they still obtain good profits, trading with fundamental analysis or events as you call it requires that you invest in a coin before the event itself happens otherwise by the time you invest in it the event most likely will be already priced in the asset.

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I think if you trade based on these two, you will get good results. If you believe in any one of them, you may not get good results if you trade. The price of assets in the market changes every moment, so it is difficult to stick with a strategy here.

Because if you are a day trader then there is no guarantee that you will be able to profit with TA or Event news. So I think if the two systems trade together, good results can come. Professional traders never trade with only one strategy. They always change their strategy depending on the situation. So you have to change your strategy to keep pace with the situation.

beerlover

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Trading is not good at all to me, not any type of it, all of them are bad because first of all I am not good at it, secondly I get bored easily so I can't do something consistently. Trading requires you to be active and constantly be there, I can't deal with all the ups and downs and all the moves I have to make and all the charts I have to read, it is both a lot of work to do just for one trade but also you have to do it again for the next trade and lets say I do that for a week, for a month even for a year, if I stop I stop making money and that is the end of it.

However investing is not like that, I just put my money there and I forget about it, I literally have to do nothing about it, my job is over the moment I put my money into bitcoin, that is why I love the irresponsibility of it.

Savemore

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I'm a trader who using both technicals and fundamentals, I use it both because I know that both of the analysis is important and it can give me legit information that I can use to make profit and avoid huge losses in the market. I'm a news driven but before I make a decision I first checking the chart where I use technical analysis in order for me to know the best time to buy and sell. There are people who use technical analysis alone, there are some who use fundamental analysis alone and there are some like me who combine both but it is not important on what kind of analysis that you are keep using because at the end of the day, the most important thing is still if we are gaining profit on the kind of the analysis that we are using. If you are not good in fundamental analysis then switch in to technical, and also in vice versa.

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Quote from: ReiMomo on September 01, 2020, 03:41:10 AM

I have a small correction in your title thread, it should be talking about the trading strategies.

The best if you will apply both of them, you cant proceed to technical analysis if you don't have these news events that I guess have also an effect on the bitcoin price. Sometimes we need to listen to the news like hacking or scam events like a big exchange, which I guess will cause of price downtrend. Both of them will work together as one, just like joining one force that means your prediction is more likely accurate to the possible outcome.

ReiMomo your correction is right, it's more strategy that types, and I agree with
you that he should combine different strategies if he wish to maximize his chances
for making profit. There isn't a perfect strategy for long-term, it's why people
invent new techniques, looking for a new approach, and all other things that can
help in trading. Following current news about crypto-currencies can help, but I
believe more in charts than in news.

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