Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: tonymillions84 on November 08, 2020, 03:24:58 PM
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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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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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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
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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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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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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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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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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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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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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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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.
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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.
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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.
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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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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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Get used before buying the coins that you will trade to see the history / chart price changes! And don't rush into buying coins! Make sure that you are ready for all the risks, don't panic easily when the price drops and don't sell your coins cheap! Usually I prefer to trade short-term, so when I have made a profit even though it's small the coins I have I will immediately sell, and wait until the price drops then buy again!
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There are many trading strategies.
But the most important thing is what kind of trading strategy is suitable for you, you can visit this site for a lot of information
https://www.altcoinstalks.com/index.php?board=132.0
By the way Don't forget to always keep an eye on the top choices of coins that have good trading volume so that you avoid scams or rather dead coins.
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Generally trading strategy means the technique which is followed by the trader. Here lot's of traders use different types of strategy to get more benefit from trade. very beginning of trading i lost a large amount of money due to lack of enough knowledge and strategy. Actually it is difficult to say what is my strategy. But i can say it is a one kind of discourse learning. I am novice in this trading platform. Generally i support the free signals of from the various groups.
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In order to trade in large quantities, people continue to trade by adopting various strategies. The trade is benefited by adopting different strategies with more intelligence. In fact, it is difficult to say what kind of strategy is used in the currency market. But I think it is certainly profitable to trade intelligently with trade infrastructure. So I don’t think it can be one-of-a-kind to one person.
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If it is profitable to trade, then it is a matter of adopting different techniques to trade more later. So I think different types of investors use different types of art techniques to trade. I also use a variety of art techniques to trade. In order to make a profit by trading, one person uses different types of art techniques. In fact, it is impossible to say for sure how people make a profit. But you must trade wisely.
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simple strategy for trading might pay attention to the quality of the coins or token and the reputation of the token if the value of the coin is in a down condition , its best to observe it until it drops to the lowest price and we can make purchase but also attention to the risk .
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There are new investors and old investors in the market. Everyone wants to make a profit by investing. Some new investors come to the market and suffer losses. Because they don't know the technique. Investing without knowing the techniques well is more likely to be a loss. Investing in high quality coins that are in the market is not likely to be a loss. So if you want to invest, you have to know, you have to learn. You have to be profitable by using different methods for trading.
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Actually I don't have a special strategy in trading. I only sell coins when I make a profit. I usually trade at night, when market conditions are busy so that my coins sell quickly. And I will set the lowest price among the list so that my coins sell quickly.
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Most of the traders have differnt stategy like scalping ,long term etc, its depent what do you whant ,personal for me the trading its start to be profitable after i learn how to read the actions price after the move of candles and identification support and resistence of coins price .
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As a trader, it can be concluded that all of them will have different strategies and based on the experience and information obtained. continuing to study the movements diligently is of course very necessary and with good analysis it can be sure to provide positive things and don't be lazy to ask those who understand better. Of course, capital must also be considered because that could determine the most you want to trade.
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Not everyone can adopt or learn trading strategies. Because to learn, you need at least some knowledge. In fact, it is difficult to say what the basic knowledge is. Because it is impossible to profit by trading in different ways. Brothers have different policies. Not everyone can trade. However, there are various experts in the market. Because not everyone is comfortable doing trading. So even though there are different theories about strategy, it depends on one's personal thoughts. There is no end to learning in cryptocurrency.
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I always try to invest in the established coin and token. I have no intention to hold for long time. I try to purchase when price is low and sell when price price increases. For getting higher profit, I don't hold it. Small profit but high turnover.
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As far as i was trading forex or commodity markets it was essential to keep track of fundamental and technical events but since i have jumped into crypto i am more of a hodler than trader because i do not want to miss out on massive gains so its better to hodl and wait for new peak.
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Simply put, the best strategy is buying lower and selling higher. Note in-between the longing and shorting positions, strategic planning is required which i believe as a newbie you will need to build a strategy from your experiences.
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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.
I'm not very pro in trading in the crypto market, but what I need to remind you is that don't be too greedy. If market conditions are beyond your control, stop-loss immediately or wait. Just it. :D
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I have always been a someone who believes more in long term holds and investments. Knowing how volatile the crypto market is, I have always favored holding as against short term trades. One can literally lose their investments with a wrong short term trade and that becomes it but with a long term trade, there is a huge chance to make better profits in the long term as markets rebound better over a stretch of time.
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I have always been a someone who believes more in long term holds and investments. Knowing how volatile the crypto market is, I have always favored holding as against short term trades. One can literally lose their investments with a wrong short term trade and that becomes it but with a long term trade, there is a huge chance to make better profits in the long term as markets rebound better over a stretch of time.
what you say is very true and that seems to be the motto, but if you try to look back on bitcoin today, what happens is that short-term investments are very profitable but usually rarely do that. Bitcoin in just a matter of time can go up and down very fast, and it has been done for several months and is likely to continue until the end of this year. development is indeed very fast so it could be that everything we have ever known is out of date.
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I have always been a someone who believes more in long term holds and investments. Knowing how volatile the crypto market is, I have always favored holding as against short term trades. One can literally lose their investments with a wrong short term trade and that becomes it but with a long term trade, there is a huge chance to make better profits in the long term as markets rebound better over a stretch of time.
Long-term trading is very profitable, especially for novice traders, because it doesn't take much time and gives maximum profits,
but for some people short term trading is also profitable as it provides daily profit but of course this is only suitable for professional traders or traders who want to learn.
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Strategy in trading really determines how success we will achieve in this crypto investment. Then everyone must have their own special strategy. It's not that I don't want to share, but I think my strategy is a little secret. And indeed I take care of it.
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In my opinion trading is an excellent activity we must learn and adopt the fundamentals on how to manage and make profit. Contentment and greediness are the opposite faces you must correctly deal according to your token price condition. To earn small profit is better than to lose your profit.
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In real trading the strategy is very easy. only we have to sell when we are profitable and hold while still losing. Patience is the key to success in trading. Watch the market all the time. Usually the market will be crowded during US night conditions.
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In real trading the strategy is very easy. only we have to sell when we are profitable and hold while still losing. Patience is the key to success in trading. Watch the market all the time. Usually the market will be crowded during US night conditions.
I agree, consuming time because you need to watch the price flow where it is heading.
Patient: is the key to eliminate rush trading.
Knowledge: it is the light to guide you into effective strategy.
Right time: there is a perfect time when market is full loaded.
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I have the confidence not to sell when the price is not profitable...
One of the trader's mistakes is to buy when the market HYPE and sell when the market PANIC. if you don't do these two stupid things, surely you will never lose in trading.
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New users must know the techniques before trading. To trade you need to visit good exchanges, you can start after having an account in the exchange. This will benefit the users. If you don't have knowledge about trade, then you have to spend a lot of time on exchanges, then you will know about trading or everything. So welcome new users.
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I am also a new trader and not a good one to make certain stratey. Moreover, if it is about future trading. I still use a free signal that I got from a certain trusted group. However, if it is about the standard trading, I only see the market condition, when to buy and sell will depend on the condition of the market itself
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My trading strategy is simple:
- buy at a low price
- Sell at a higher price
- Never follow the hype
- Trade only in easy coins that you really know and also understand it. Never follow your friends because your friend may know well the coins.
You need to ensure that you are really ready for trading, no panic and be careful
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I am also a new trader and not a good one to make certain stratey. Moreover, if it is about future trading.
My advice is not to try futures trading, for beginners it is better to try spot trading, futures trading tends to be a gamble because it only guesses the price that will occur, real trading is spot trading because the principle is still the same as traditional trading "buy cheap sell expensive".
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I personally am not very smart in terms of trading, I usually do what is common for a beginner to buy, hold and sell but it takes extra patience here. I think the instinct here is very necessary to read charts, where this crypto movement will form a pattern and positive news will indirectly also have an impact on crypto price movements.
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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.
From my perception trading isn’t an easy task it needs to proper knowledge and build up good strategy. Personally i following long term investment. Before invest any project i always go though its roadmap and its future actives after that if i feel positive then i will wait to buy it at safe zone. And i always follow the portfolio investment strategy i never ever invest all of my fund into one project.
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The definitions of trading strategies aren’t necessarily strict, and there may be overlap between them. In fact, it may be worth considering a hybrid approach by combining multiple strategies.
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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.
that's a good point and I am learning to follow the charts for trading.
what sites do you usually use for the chart studying?
tradingview? mytradinginfo.com? investing.com?
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I am newbie in this crypto field. I saw peoples are earning from spot trading and as well as from futures trading. But I faced loss in both trading. I saw when BTC is pump all market is pump and vice versa. I don't use any specific strategy, I just see that the coin is pumping or dumping, on the basis of this I buy-sale the coin and I think this is the main reason which cause me losses. I read all the Legendary and full members replies, and those are truly helpful for me. I am in learning process this tips can be useful in future.
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In my experience OP, trading strategy is something that you may hardly find any similarity from different traders. What i mean is majority of traders have a trading strategy that is peculiar to themselves, this is usually based on consistency trying different techniques and finally settling with one that is best suited and comforting for them.
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not to proficient in trading but this strategy might be tried , which we should pay attention to before trading is to understand risk management , then focus on coins that have a good future proggress 1 or 2 years like bitcoin has increased form time by time but if want to trade short maybe the method is to buy coins at the cheapest price .
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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.
Personally, I think day trading is the best and easy trading method for beginners. It is very simple because in this trading method we do not need expert skills or knowledge, but we just have to understand the buy low and sell high formula, to know the right time to buy a coin at a lower price and the right time to sell it at a higher price so that you can earn a profit.
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maybe the initial strategy in trading the main thing is mental and patience then after that we understand the basics in trading buying cheap and selling at high prices this is a strategy for beginners that is quite good maybe you can try .
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I have the perfect answer. The only trading strategy is the simplest: Hold
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I am the long-term trader or rather an investor. Strategy is also needed for the long term.
It's so easy for me because I don't need all the analysis tools and software. When it comes to crypto, it is important to me whether the coin has a use case. Or a possible use case. Without this factor, I don't give the project a chance, not suitable for long-term. Then I look at the company, the project, the plans, investors in this company. The team as a whole. After the investment you have to continue to observe the whole thing in order to be able to react to fluctuations in good time. Most of the time, however, these are new investments, buying dips because I have a strategy for the long term, which is dollar cost average. In other words, you can also buy with satoshis you can own a whole bitcoin. For that you need a little patience, and you shouldn't need the money you have invested for a normal life. With it, you build safe bridges, and you don't sell so quickly when the price goes down.
Of course, you can benefit from trends. If the whole market is bullish, you can also venture on not so safe coins. But you have to react quickly by selling and not be greedy.
And if you've done everything right and sold in time, you can reinvest your profit back into your long-term project. Dollar cost average.
My main investments in crypto are Bitcoin, Ethereum and Binance Coin.
I have bought and sold many other coins in the last 3.5 years and reinvested in the main three candidates again and again.
At the moment I still have 5 other coins that could turn out to be long term, have a lot of profit from them and will not sell them yet. And that can also be a bit risky, so I won't reveal the names. To protect myself a little, I also built a stop loss limit into the 5 projects, none of which is in the wallet.
Investing in stocks is a different story for me. I started there much earlier, but the lack of knowledge meant that I didn't benefit much more from it. Since I've been into crypto, I've also adjusted my stock investment strategy. I don't have that much time to worry about all of that and just copy the pros. This is possible on multiple portals and is much more relaxed than daily course observation. I still have a full-time job. I'm just copying people who follow the dollar cost average strategy. And of course long term.
My son is also on the board and after my friends have seen that you can make good profit from it, they want to join me.
After the crash, they say. ;D ;D
Right now we have a new trend, NFT, everything is possible with it. Unfortunately, I don't have the money to do it and I won't sell my coins or stocks for it. But if I had a little more money I would intervene immediately because the market is still so fresh and the possibilities are great, we'll see.
Bitcoin also started small.
If you are still interested in the other strategies you can still look at the pinned post up there.
https://www.altcoinstalks.com/index.php?topic=69322.0
Happy Trading
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As a rule, I trade on average timeframes (for one day - a week). I use the most primitive trading rules, double bottom, double top, averages, and a couple of other strategies
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My strategy is bbma
Quit simple but effective in every way,
I can trade both looking term in short term and also in every pair.
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As a newbie in trading I always refers such a new entrant to babypips.com where all sorts of training is acquired although they mainly deals with forex trading however both crypto trading and forex trading are very similar in terms of candlestick patterns, Price Action, Indicators, Technical and fundamental analysis, personally I devised my trading strategy from forexfactory.com with some little inputs.
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I use trading
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As a newbie in the crypto world, I totally get where you're coming from. Trading can be a rollercoaster with those symbols and formulas, right?