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Author Topic: Looking for a way to optimize my strategy  (Read 1380 times)

Offline 0t3p0t

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Re: Looking for a way to optimize my strategy
« Reply #15 on: April 25, 2024, 04:55:00 PM »
For me, this strategy is quite complex and does not promise profit or capital management security. If the investor really believes in the future of BTC, DCA over time will be more suitable, especially DCA in the 2022-2023 accumulation zone.
Yeah I personally think that way instead of complicated strategies I just DCA and hodl if I had capital as I am not that guy who has enough time to face the screen all the time so long term investment would be my personal choice.

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Re: Looking for a way to optimize my strategy
« Reply #15 on: April 25, 2024, 04:55:00 PM »

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Re: Looking for a way to optimize my strategy
« Reply #16 on: April 25, 2024, 04:58:38 PM »
Good strategy OP, and if it works for you fine, but I think that there are limits to this strategy of yours. Now that we are in the bull run, and you know that the chance of bitcoin dipping to 50k is very slim so what happen will you not buy and keep on waiting till the price dip to 50k. Or what if bitcoin price keeps pumping and none of your buying order price was met. It means that you will not trade but just watch the market as people millions for the bull run. Hodli is still the best than trading, because a little miscalculation, all your funds are gone.

Offline Dr.Bitcoin_Strange

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Re: Looking for a way to optimize my strategy
« Reply #17 on: April 25, 2024, 11:18:45 PM »
Good strategy OP, and if it works for you fine, but I think that there are limits to this strategy of yours. Now that we are in the bull run, and you know that the chance of bitcoin dipping to 50k is very slim so what happen will you not buy and keep on waiting till the price dip to 50k. Or what if bitcoin price keeps pumping and none of your buying order price was met. It means that you will not trade but just watch the market as people millions for the bull run. Hodli is still the best than trading, because a little miscalculation, all your funds are gone.
Bull run?
I would respectfully disagree with you on this because judging from the recent perfoyof bitcoin, I would rather say we're in the bear market rather than a bull run. And besides, the price of Bitcoin has been drastically dipping, just yesterday it was around 66k but today, it dropped to around 63k that's definitely far from being bull run.

Offline $crypto$

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Re: Looking for a way to optimize my strategy
« Reply #18 on: April 26, 2024, 03:08:05 PM »
For me, this strategy is quite complex and does not promise profit or capital management security. If the investor really believes in the future of BTC, DCA over time will be more suitable, especially DCA in the 2022-2023 accumulation zone.
Yeah I personally think that way instead of complicated strategies I just DCA and hodl if I had capital as I am not that guy who has enough time to face the screen all the time so long term investment would be my personal choice.
DCA is a good choice when we invest and many people have been successful with the DCA they have done, especially for investors who do not have large capital and only rely on their monthly income to be allocated to buying bitcoin.

However, even though we invest our income with a nominal amount that is not as large as big investors, in reality we still get a lot of profit from the DCA that we do. And I think for people who do it, there's no need to explain anymore.

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Re: Looking for a way to optimize my strategy
« Reply #19 on: Today at 03:09:22 PM »
a good strategy if you want to implement it, but this strategy requires consistency and commitment in determining future profits,
and here we are required to always monitor the market if we want to get consistent profits,
but basically I can't apply this because I can't do that for a long time in front of the computer or cellphone to monitor the market,

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Re: Looking for a way to optimize my strategy
« Reply #20 on: Today at 05:11:25 PM »
Looking for a way to optimize my strategy:
 
Currently buying BTCUSDT at a certain price and selling it at +2% on a daily basis.
NEVER SELLING AT LOSS. Always waiting for it to reach the buy price + 2%. 
 
I was doing it for a while with good profits, but couple of time I got stuck for a long time because I was holding it till it reached my +2%. So this time I divided the budget into 10 steps, so that if it doesn't reach my +2% for a while I can activate the next step when BTC drops to a certain price and keep doing my +2%.
 
The division is based on the BTCUSDT, 5000 per step:
 
Step1: Buy when 1BTC = 60,000USDT
Step2: Buy when 1BTC = 55,000USDT
Step3: Buy when 1BTC = 50,000USDT
And etc.
In total 10 steps.
I personally don't believe that it will ever reach lower than my 10th step, so that's ok for me.
 
Would love to hear from people who do similar strategies (1. Never sell at loss, 2. Divided the budget), how they decide on their buy signal and how they divided their steps. I feel like my entry points are quite random and could be optimized

        -   Well, it looks like steps 1 and 2 have already been achieved. Whatever your plans are, just pursue them if you think they will help and be effective for you. It's just that in these cases, we can only do dca or day trading if you are deep in trading, that's all.

Good luck with your plans, and I know that you also know that most crypto communities here have their own ways to accumulate Bitcoin in their wallets.

 

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