Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: saprakib on August 24, 2020, 09:56:19 AM
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At the time of beginningin crypto trading life i buy in deep low and sell it on high on up but i lost most of the trade. I tried to learn and follow the news of the project. I also follow support and resistance based on trend. I just want to know which are your trading strategy???
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first of all, i follow the project activities & their roadmap. if i see any project they have enough activities for grow up in the next level then i agree to buy their coin.for example - if any project declared that their token/coin listed on big exchange like binance then i buy some. in the other side, when i realize its time to buy then i convert it to eth or btc.
thats it my strategy, thanks.
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For short-term trading, I choose coins that have high trading volume. I buy coins when the coin price starts to creep up and I will keep an eye on the price, and I will sell them immediately when I have made a small profit.
For long-term trading, I chose the top-ranked coin on Coinmarketcap, because choosing a top-ranking coin would minimize money loss.
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For short-term trading, I choose coins that have high trading volume. I buy coins when the coin price starts to creep up and I will keep an eye on the price, and I will sell them immediately when I have made a small profit.
For long-term trading, I chose the top-ranked coin on Coinmarketcap, because choosing a top-ranking coin would minimize money loss.
Its a good strategy if you can get profit from that. I am agree with you the strategy you follow for long tearm to choose the top coin. However what you are following for short tearm its called actually day trading. You can do it when you have much amount of capital but i think it bit risky if you don't have much knowledge behind that.
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At the time of beginningin crypto trading life i buy in deep low and sell it on high on up but i lost most of the trade. I tried to learn and follow the news of the project. I also follow support and resistance based on trend. I just want to know which are your trading strategy???
I think support and Resistance is the best factor for trading overall because its the legit strong trace of how market is behaving.. First I look for a trend(uptrend or downtrend) when market enter consolidation period i never trade..Then i draw possible key level Support and resistance. For UPTREND i look for the market to hit support level and then go for buy..Also most cases i only consider a leval as strong support when it acted as resistance in previous stage as there are few more criteria to fix a strong S and R lines ..and vice versa for DOWNTREND wait till it hit Resistance and sell..For better accuracy i use moving averages to determine whether the trend is healthy or weak as it may give false breakout sometimes..There are many indicators to determine the strength of trend...And even after all criteria passed i only enter trade using price action strategy such as reading the momentum of market as if its strongly approach the support or resistance line it may break the line and create a new S OR R line.. So the price action is vital for trade entry point.You can determine the price action using various factors by reading candle stick .or by momentum range ,or by reading the buyers and sellers strength for that particular timeframe , or by using momentum indicators such as RSI or stochastics or any..
I use this strategy with some more technical analysis mostly for forex and crypto trading its been more profitable so far.. As in trading nothing is 100% sure even all our indicators and signals say its right opportunity to enter but we lose in the end so its about having high winning ratio over losing ratio..
ALL THE BEST!!!
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I always use the weekly strategy, if my coin goes down the price, I will hold until the price goes up again. Trading is very difficult if you do not understand the character and price of the market
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I always use the weekly strategy, if my coin goes down the price, I will hold until the price goes up again. Trading is very difficult if you do not understand the character and price of the market
For weekly u can fix STOP LOSS limit and TAKE PROFIT limit by reading the market for safety ..
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Trading strategy varies in different times, different situations and different problems. I don't apply a single strategy in trade all the times. I try to use my different strategy in different cases which are not possible to describe here.
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Its similiar to my gambling strategy, for example, I start with 100$, that I can afford to lose, if I get some profit I will start using only my profits to keep trading, once I got 100% of my investment I send back my initial money and start to use only my profit.
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Its similiar to my gambling strategy, for example, I start with 100$, that I can afford to lose, if I get some profit I will start using only my profits to keep trading, once I got 100% of my investment I send back my initial money and start to use only my profit.
It looks like you have experience in the world of gambling :D. Gambling and trading are very different, gambilng is only waiting for luck while trading must have analysis to predict price movements.
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I always use the weekly strategy, if my coin goes down the price, I will hold until the price goes up again. Trading is very difficult if you do not understand the character and price of the market
For weekly u can fix STOP LOSS limit and TAKE PROFIT limit by reading the market for safety ..
Yes for weekly you have to put the stop loss TP level otherwise it will not work much. I get confused is it really possible to earn weekly like this. I think only an expert trader can do like this. You need to have much fund to earn on weekly trading like daily trading. However if you buy in deep low sometime it can goes more deep. So to do a trade you have to research twice.
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I have different different stratergy for different different conditions . Mostly time I purchased coins ( only in top 100-300 ) who recently received a dump in it's price , then after some time I will start selling it.
I prefer to Go for long-term holding while we are in Loss as compared to our investmt .
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I actually suck on tecnicla analysis that is why I rather go for fundamentals. I often look for updates, news, look at the volume, the market sympathy, the buy and sell depth and the gap between it. I also consider the possible hype and fud that exist. With that I decide whether I have to buy or sell my holdings.