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Author Topic: what is your trading strategy  (Read 15343 times)

Offline tonymillions84

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what is your trading strategy
« on: November 08, 2020, 03:24:58 PM »
For those that has been trading cryptocurrencies? Can you guys share or give us a tip on your strategy. what is your trading analysis looking like and what method do you use the most. Recommendation for Newbies that just starting trading.
Most times i fill that those symbols and formulas does not work and some times it works. 
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what is your trading strategy
« on: November 08, 2020, 03:24:58 PM »

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Offline hushpupppy

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Re: what is your trading strategy
« Reply #1 on: November 08, 2020, 05:20:36 PM »
To be honest it is hard to teach a strategy, because it is just inbuilt. Instead of learning strategies of other people, why not learn from top traders exactly the factors behind trading, let them teach you to understand the psychology of trading.

Let them teach you to understand the crypto currency market, you yourself put those teachings to practice and breath crypto currency trading

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Re: what is your trading strategy
« Reply #2 on: November 08, 2020, 11:06:22 PM »
Actually, the strategy will be based on how you are in the market. I am not a good trader and only also a beginner. But following the free signal by some groups when trading is not good. Moreover trading together with your friend.
Personally, I right now prefer to trading in the spot market and some in the future. But I am still lack technical analysis

Offline debra

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Re: what is your trading strategy
« Reply #3 on: November 08, 2020, 11:22:52 PM »
Scalping may be fit for you if you are a beginner. It is a safe strategy to use for people who just start their journey on trading crypto. Make sure that you won't set too big profits daily/weekly. But just set a reasonable target, something that can be easy to reach. If you see that the price improvement can gain enough profit for you, just sell your crypto coins/tokens.
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Re: what is your trading strategy
« Reply #4 on: November 09, 2020, 05:48:22 AM »
I am in cryptocurrency but sadly I never developed my own trading strategy because in those times that I tried making money with trading I usually lose money. When I think that the market can be up it goes down and when I think it can go down it goes up. I then decided that trading is not for me except of course when I am selling my tokens from bounties (still technically trading). I am envying people who are already successful in this regard. Trading can be a good source of living if done right and if things are favoring a trader. I don't even know how to read those graphs much less how to make some actions based on them. What a big shame.

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Re: what is your trading strategy
« Reply #5 on: November 09, 2020, 07:42:55 AM »
I will recommend "The Candlestick Trading Bible by Munehisa Homma" to anyone who is just starting out as a crypto trader. The book (available online for free) teaches in simple terms technical analysis for entering and exiting trades, as well as trading strategies that work.
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Re: what is your trading strategy
« Reply #6 on: November 09, 2020, 09:12:08 AM »
Not a professional trader. But I think base on what I have observe it is a self skill. You will acquire the trading skill once you do a lot of trading then read the candle stick patters as a guide to become master trader. To watch the movement is important to see what is the current condition of your coin. Time is definitely needed.
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Re: what is your trading strategy
« Reply #6 on: November 09, 2020, 09:12:08 AM »


Offline Istiak

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Re: what is your trading strategy
« Reply #7 on: November 09, 2020, 10:15:52 AM »
For those that has been trading cryptocurrencies? Can you guys share or give us a tip on your strategy. what is your trading analysis looking like and what method do you use the most. Recommendation for Newbies that just starting trading.
Most times i fill that those symbols and formulas does not work and some times it works.
The Crypto market is very unpredictable. So no one can predict is 100% correct if he does that then he just got lucky. And also there is not an actual button or high of the crypto market so buy low sell high is also not very easy. So I like to do grid trading. I actually use support and resistance level to create my grid rage. You can find many articles on these trading methods.
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Re: what is your trading strategy
« Reply #8 on: November 09, 2020, 10:37:58 AM »
I am not a professional trader, so I will share one of the famous campaigns used by Vietnamese traders. Count it as an interesting instead of a trading guide!
The campaign is titled: hunt and follow crypto sharks.
Traders believe that large fluctuations in the market are largely caused by the great shark. They will monitor the market, especially short term major fluctuations caused by sharks. Then they will invest in that trend and then take profits as soon as the rally shows signs of decreasing only 10-15% from the difference.
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Re: what is your trading strategy
« Reply #9 on: November 09, 2020, 11:01:38 AM »
When it comes to trading, information is key and power. For this to work out, you need to have technical and fundamental analysis. They are have symbiotic relationship and even top traders buy in to these two terms.
Technical analysis is using of chart and previous historical data to predict the price and performance of coin. While fundamental has to do with development of the project it self in terms of good news, partnership, listing.
The above is very important, the other basic of trading encompasses resistance and support, volume and popular indicators and lastly buy every dip and sell the news. It has work for me and it doesn't since market is beyond our understanding sometimes
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Offline Dora Walletinvestor

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Re: what is your trading strategy
« Reply #10 on: November 09, 2020, 11:18:38 AM »
I agree with the comments above. You need to develop your own strategy to be successful, which takes some knowledge. Try to educate yourself on technical analysis, chart patterns and the crypto market in general, set your own goals and figure out your trading style. After that, you will be able to make your own strategy. Signals and other services can be useful but use those more as a crutch rather than advice.
Check out the latest forecasts and news about cryptocurrencies, stocks, forex pairs and more on WalletInvestor.com

Offline labonikhatun

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Re: what is your trading strategy
« Reply #11 on: November 09, 2020, 12:02:39 PM »
One of the strategies of trading is to follow the trading charts and work according to the plan success is never achieved without planning before trading you have to follow the strategies and analyze the market well. Understanding the signals of trading charts will make trading much easier.

Offline Lordrift

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Re: what is your trading strategy
« Reply #12 on: November 09, 2020, 12:30:50 PM »
In order to be a good and successful crypto trader you must:

-Learn to observe the market conditions
- Research on the coins you want to trade on
- Check the volatility of these respective coins
- And lastly do not deposit all your capital in a particular currency.

Offline Crypto Guard

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Re: what is your trading strategy
« Reply #13 on: November 09, 2020, 12:41:44 PM »
For me the best trading strategy is to be patient. Because patience is the key to success in crypto. Besides that I also usually trade at night, where usually the crypto market conditions will be crowded at night.
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Offline masterrex

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Re: what is your trading strategy
« Reply #14 on: November 09, 2020, 12:46:57 PM »
For those that has been trading cryptocurrencies? Can you guys share or give us a tip on your strategy. what is your trading analysis looking like and what method do you use the most. Recommendation for Newbies that just starting trading.
Most times i fill that those symbols and formulas does not work and some times it works.

Mate honestly speaking I been doing trading since 2017 and all I can say is there is no guaranteed strategy to use for micro and small traders I been downloaded an e-book and read all about trading strategy and apply it but it seems not effective thats why I was scrap those ideas and applied my own strategy at least If I was losing it was my personal idea/strategy so I can't blame anybody. Trading is complicated, and it needs some decent capital in order to make a decent profit.

 

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