Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Rruchi man on August 23, 2024, 11:57:18 PM
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?
(I know trading with low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with a large lot size?
(I know trading with a small lot size and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
Most times, some strategy works for most Market pair so it's advice to test your strategy on more than one pair just Incase you don't find your setup on one pair, the other might have gotten to your trade zones.
To answer your questions, I'll go for the opening multiple positions. Why? It's more safer that way as you enter the market at retest areas giving you more chances to trade more position in the current market trend and also reduce the risk of blowing your account. Using large lot size is to me is more risky. Remember you have to apply proper risk management to your trading.
increasing the lot size gives you more profits in a short term but also open you to bigger losses in short term. So to avoid losing too much in a single trade, you can open many positions so just when you see the trade turning side ways you can close those already in profits.
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A good trader will prefer to trade just one pair which also means to use the pair to open a single position. But if you know exactly where the market is going, you can trade multiple pairs. Just that multiple pairs are riskier than single pair. Although not that single pairs are not risky. Trading multiple pairs makes my trading asset liquidated fast recently. That was because I miscalculated. But if you can still make the right calculations about many pairs, it would be good to trade with multiple pairs also.
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
BTC/USDT or any other stable coin pair is good choice for any kind of trading whether it's short or long and it doesn't necessarily have to be multiple positions just one with decent margin considering the trading fee as well can be profitable and it's not gonna bring life changing profits in one or few trades, over time the profits we make can accumulate and trust me with the patience and calculated risk there's good chance to make decent money just with one pair and it's less risky too.
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I tried multiple pairs based on my experience it's too risky unless you know how to manage risk. It's profitable if favors your position but if it's against to your prediction without management risk you will lose all your capital instantly.
Not only management risk you need to apply when taking multiple pairs you also need to follow the rules of your strategy and don't lose more than 5% of your capital.
If I were you do a backtest first with paper money to try your strategies with multiple pairs before you go live trading. Tradingview has a backtesting tool apply for a free trial 1 month if you don't use it yet
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I tried multiple pairs based on my experience it's too risky unless you know how to manage risk. It's profitable if favors your position but if it's against to your prediction without management risk you will lose all your capital instantly.
Not only management risk you need to apply when taking multiple pairs you also need to follow the rules of your strategy and don't lose more than 5% of your capital.
If I were you do a backtest first with paper money to try your strategies with multiple pairs before you go live trading. Tradingview has a backtesting tool apply for a free trial 1 month if you don't use it yet
We must have expertise in risk management if we want to trade because there will be many risks if short-term trading. Strategies can be different, but we must really focus on our strategy because in my opinion, experience tests our strategy, because I don't use trading view.
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the only ideal pair to trade base on what traders usually trade is the BTC/USDT. this alone i think can make you more profit than trying out some other. the only reason why you would stick to leverage trading is if you take it seriously and are confident enough to trade in this risky market which whether you try out the high leverage then you can make money with it.
the best way is just become a swing trader. but you must have known this already.
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?
(I know trading with low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
Hmm trading in only one pair that's not the right way to make a profit from the market in most of the circumstances. Anyway anyone who wants to trade in only one pair it's their choice what we can say about it. Opening multiple positions won't increase the chance of profit or decrease the chance of loss for sure but let's say he put a buy order at 1$ and 2$ and $3 and now put a sell order at $2 $3 and $4 or whatever the sell order he set.
The chances for the high losses do decreases as if one trade is making loss then another might be making some recovery but what if the whole token goes into the dump and all these multiple trades are making losses? that's more loss than the single trade. Trading with Leverage is not what I advise to anyone regardless of their experience because it's too risky. If trading in one coin then wait for the right opportunity and once you have it take an entry.
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I would say if you deal with only a single pair, then it depends on the amount of money you have. If you have a lot of money then you could just do multiple positions, that way you could have a lot more trades going all at the same time, if you have very little amount then you could consider leverage which is highly risky but with small amounts that's the only way to go if you want only one pair. We should not really compare the two together, it is something decent and should be ok. I know that leverage is not one many would suggest, I wouldn't neither, unless you have no other choices left.
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The easiest two ways from my point of view:
- BTC/USDT pair: at support and resistance levels with a sell order as soon as losses are made.
- altcoins pair: It is better to follow the indicators of altcoins and when there is positive news, start buying the pair and sell it within an hour with any profit higher than 3% and do not be greedy as the chance of a collapse in the first hour is low.
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I would say if you deal with only a single pair, then it depends on the amount of money you have. If you have a lot of money then you could just do multiple positions, that way you could have a lot more trades going all at the same time, if you have very little amount then you could consider leverage which is highly risky but with small amounts that's the only way to go if you want only one pair. We should not really compare the two together, it is something decent and should be ok. I know that leverage is not one many would suggest, I wouldn't neither, unless you have no other choices left.
I haven't participated in Futures trading yet, but professional traders say Futures are necessary to turn big experience into big profits. I don't think I'm that greedy, I only trade Spot because my trading capacity is limited. Leverage is quite risky for my trading method.
A trader who focuses on a single trading pair will have an advantage in understanding the price behavior of that pair, and thus the ability to make accurate decisions will also be greater. I think you could focus on BTCUSD or ETHUSD and improve your trading method. In a bullrun, token price can increase by hundreds of %, and I think that the profit from them is enough to satisfy you.
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I think it depends on the desire to gain profit and the capital you have, if our capital can open 2 trades I think it's not a problem, but if I do 2 trades, they are always done on 1 market so that it is easy to monitor
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It all depends on the kind of trade one is going for over the single currency pair he want to go for, when we understand more about the market, then we are going to decide on whether to go short or long, depending on our individual want over the trade we are gong for, though someone like me is not used to this kind of trading because i make selection of multiple choices when going for trades using currency pairs.
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I think it depends on the desire to gain profit and the capital you have, if our capital can open 2 trades I think it's not a problem, but if I do 2 trades, they are always done on 1 market so that it is easy to monitor
One market with a lot of trades is also not a problem, I am more happy because as you said it is easy to monitor.
Diversifying trading on several altcoins is not a problem as long as the altcoin has a high volume and has good development.
With a large capital, you can open 3 to 5 trades at once and don't forget to start monitoring the price of Bitcoin because everything will depend on how Bitcoin moves.
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
BTC/USDT or any other stable coin pair is good choice for any kind of trading whether it's short or long and it doesn't necessarily have to be multiple positions just one with decent margin considering the trading fee as well can be profitable and it's not gonna bring life changing profits in one or few trades, over time the profits we make can accumulate and trust me with the patience and calculated risk there's good chance to make decent money just with one pair and it's less risky too.
Trading with one pair is good for traders because it’ll make them better and master that pair more. Doing one thing over and over again will only make you become a master of it and can easily predict the move of the market and place your profitable trades. Opening one position is not a bad idea and sometimes I feel opening plenty positions is just not cool, to me it’s a fancy thing. If you know the total lots size you’d like to use for your trade, you can just put them together and open one position and you’re good to go. One good trade can make you the same profits as plenty positions you opened can also if their total lots size are the same.
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I tried multiple pairs based on my experience it's too risky unless you know how to manage risk. It's profitable if favors your position but if it's against to your prediction without management risk you will lose all your capital instantly.
Not only management risk you need to apply when taking multiple pairs you also need to follow the rules of your strategy and don't lose more than 5% of your capital.
If I were you do a backtest first with paper money to try your strategies with multiple pairs before you go live trading. Tradingview has a backtesting tool apply for a free trial 1 month if you don't use it yet
I will be agree with you. Because we know that multiple pair is very difficulty for trader. But another we thought single pair is also easy for trader. We also know that trading isn’t very easy, when you went to trade or invest in crypto market. So if we were a new trader, i think that we should be accept in single pair. But when we got understand in cryptocurrency market and also trading, than we can trade in multiple pair. So i think that firstly we should try to only one single pair.
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In this situation of market if you have btc then you must trade in btc pair, I will late you know why.
Most of the alts coin btc pair are at all time law and whenever btc pump and make new all time high that time the alts coin can jump easily 5x 10x.
BTC pair with margin approx 2x to 5x and open your position with small qty.
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the only ideal pair to trade base on what traders usually trade is the BTC/USDT. this alone i think can make you more profit than trying out some other. the only reason why you would stick to leverage trading is if you take it seriously and are confident enough to trade in this risky market which whether you try out the high leverage then you can make money with it.
the best way is just become a swing trader. but you must have known this already.
I can't agree more, but I don’t see how they addressed the OP's question. High leverage can indeed lead to significant losses and the risk of liquidation increases. I’m not a futures trader, so I avoid using leverage, but I’ve experienced it before, and it’s incredibly stressful. While more leverage can mean higher profits, it also means more stress.
The BTC/USDT pair is a good option, but without leverage, making a profit from this pair isn’t easy. It becomes even more challenging to achieve significant profits if the capital is small. I believe the OP’s first option is correct, he should consider taking multiple entries at different points to better manage profit and risk.
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What I have learned from the crypto market is basic and simple, when the market is bearish or uncertain, it is best to trade the altcoins/usd or usdt, and when the bitcoin market is rising or is in a good price range it is better to do the altcoin/bitcoin pair, that is what I have seen, of course, the pairs that are altcoin/usd or usdt are few, but they are the best tradable, that is my advice, there will be some who operate in other ways, but for me things in trading work like this.
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People who have been trading for a long time for just one pair, usually have deeper knowledge about the coin, including the ideal price range for buying and selling... I can say that focusing on one pair sometimes provides many advantages than having to learn many pairs at once... so that way, we can maximize the potential profit from the one pair that we have focused on.
It does take a long time to understand one pair, but it is more optimal than having to learn many pairs that will confuse us.
So, getting profit from just one pair is very possible...
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You already stated that you don't want the answer of applying low leverage cuz you already know it, but that's really one way you can make profit trading one pair.
I personally don't prefer opening different positions for just one pair, I'd rather enter just one position but with the amount of capital that I would have used in creating those multiple position. If I had like $5k, instead of opening five different position with that capital, I would rather go with one position and if I want to make more profit, then I will have to top up my capital.
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I think it depends on the desire to gain profit and the capital you have, if our capital can open 2 trades I think it's not a problem, but if I do 2 trades, they are always done on 1 market so that it is easy to monitor
One market with a lot of trades is also not a problem, I am more happy because as you said it is easy to monitor.
Diversifying trading on several altcoins is not a problem as long as the altcoin has a high volume and has good development.
With a large capital, you can open 3 to 5 trades at once and don't forget to start monitoring the price of Bitcoin because everything will depend on how Bitcoin moves.
monitoring trades requires focus and free time, but if we have a busy life in the real world it feels difficult. I do spot trading, with some coins to diversify but I immediately set sell orders from my coins, so I don't need to monitor them, unless suddenly the market experiences a correction I will change my target.
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monitoring trades requires focus and free time, but if we have a busy life in the real world it feels difficult. I do spot trading, with some coins to diversify but I immediately set sell orders from my coins, so I don't need to monitor them, unless suddenly the market experiences a correction I will change my target.
Time is of essence in trading, if you one doesn't have time, I will not even advise anyone to venture in to it but with my little experience, I think one can make money from trading if you settle down and make your chat and support it with good stop loss incase if the market goes bad and trailing profits when there is enough profit but bull run doesn't usually have any how loss except for bad coins but who is in their right sense will trade coins that are not good. Money can be made this way but it requires little time too and a patience as well.
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If we have enough capital, we can place it in several positions. Even if we only trade one currency pair, we can still get big profits.
We also have to enter the market often to continue to monitor the movement of the Price, and I suggest to trade short term only.
By placing it in several buy and sell positions, our chances of getting that profit are more open.
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monitoring trades requires focus and free time, but if we have a busy life in the real world it feels difficult. I do spot trading, with some coins to diversify but I immediately set sell orders from my coins, so I don't need to monitor them, unless suddenly the market experiences a correction I will change my target.
It depends on the strategy and type of trading you will use.
It is necessary to focus if you are trading, but if spot trading is only done for the long term and the price target is quite far away, just look at how the chart will work and monitor it unnecessarily all the time.
Setting a sell order in advance can be an option for you so that you don't miss the sales moment you are targeting.
But you also need to apply a stop loss if the decline continues or you will buy back when the price is cheap by setting an alarm.
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Hmm, even though I've replied here before but still, in my view multiple positions can help you to make efficient average returns but Levrage ahh its sucks bro, you should never fall into a greed trap with this high or low leverage emotions.
TBH if you can mention the pair specifically because you can adapt a good strategy for accumulation at different price tags, Like in meme coins the strategy can vary in comparison to a reliable pair.
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If we have enough capital, we can place it in several positions. Even if we only trade one currency pair, we can still get big profits.
We also have to enter the market often to continue to monitor the movement of the Price, and I suggest to trade short term only.
By placing it in several buy and sell positions, our chances of getting that profit are more open.
when I have free time I will do short term trading, but my real world is getting busier because I have a lot of work and tasks to complete, I choose medium term. so trading does not have to interfere with our real world activities, we can adjust it to our schedule.
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Disclaimer: I do not trade coins and I also do not invest in coins (for now).
I just look at the Binance market and I pay attention to coins that if 1 pair is traded, for example the Matic coin (now it will change to POL for its ticker).
I will take an example if the Matic coin is at:
-price 0.7 Dollar there are still buyers
-price 0.6 Dollar there are still buyers
-price 0.5 Dollar there are still buyers
-price 0.4 Dollar there are still buyers
-price 0.33 Dollar there are still buyers
If those who bought the Matic coin at a price of 0.7 Dollar and are still Holding until now, maybe their assets are already 55% minus. If they continue to buy from multiples of prices 0.7 .06 0.5 0.4 0.33 then to return their capital when it reaches a price of 0.5 Dollar, that too if the price of the Matic coin goes up.
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If we have enough capital, we can place it in several positions. Even if we only trade one currency pair, we can still get big profits.
We also have to enter the market often to continue to monitor the movement of the Price, and I suggest to trade short term only.
By placing it in several buy and sell positions, our chances of getting that profit are more open.
when I have free time I will do short term trading, but my real world is getting busier because I have a lot of work and tasks to complete, I choose medium term. so trading does not have to interfere with our real world activities, we can adjust it to our schedule.
Well, it is better to take trading based on one's work schedule. It is natural that the type of trading will change with time. Some traders prefer short term while others prefer long term. I personally do both short and long term trading. I use long term in Bitcoin and prefer short term trading in some other coins. Most of the time I am busy with my main work so I watch the time well before taking trade. I don't take any new trades if I can't get the proper time.
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If we have enough capital, we can place it in several positions. Even if we only trade one currency pair, we can still get big profits.
We also have to enter the market often to continue to monitor the movement of the Price, and I suggest to trade short term only.
By placing it in several buy and sell positions, our chances of getting that profit are more open.
when I have free time I will do short term trading, but my real world is getting busier because I have a lot of work and tasks to complete, I choose medium term. so trading does not have to interfere with our real world activities, we can adjust it to our schedule.
Yeah, everyone has different busyness. I sometimes do too, a lot of time to trade cryptocurrencies sometimes a little. So we have to be able to manage it ourselves, how we can maximize our income from this crypto trading. The important thing is not to forget that we have assets that we trade, so we can take the opportunity to make a profit from the crypto assets that we trade.
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Hmm, even though I've replied here before but still, in my view multiple positions can help you to make efficient average returns but Levrage ahh its sucks bro, you should never fall into a greed trap with this high or low leverage emotions.
TBH if you can mention the pair specifically because you can adapt a good strategy for accumulation at different price tags, Like in meme coins the strategy can vary in comparison to a reliable pair.
As an investor that's been invested and lost 3 times already in Leverage trading, would you recommend to me trading in Spot Trading then compared to Leverage trading? I just need good words. :D Anyway, leverage trading sucks and when I mean it suck, I mean it sucks really bad. I lost too much money on it, and if I will be going back to trading once more, I will be focusing more on spot trading... or will I ever go back to trading again. Hmmm.
Anyway, as for OP's question, doing multiple trades on a daily basis is for me the best way to make profit if you want to focus on one pair alone, and for that to happen, you must trade on futures. High risk, high reward. Price are volatile = greater chance at making profits, and losing money as well. Your choice.
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Anyway, as for OP's question, doing multiple trades on a daily basis is for me the best way to make profit if you want to focus on one pair alone, and for that to happen, you must trade on futures. High risk, high reward. Price are volatile = greater chance at making profits, and losing money as well. Your choice.
Multiple pairs seems to be the best way to maximize profits but I think the time to trade matters too. An average trading pairs can move 5-10% a day and some crazy altcoins that are having hypes can make 2-10x of that daily if you are lucky. I think that is enough for a daily trader and if you can accumulate that, you should be okay with such profit for a month.
Trading futures can give you all the profit you desire in trading but if you are not expert and understand how to use leverage position and na age your risk ratio. You will burn the only capital you manage to start trading and this is why you should never start trading futures if you don't have the understanding of future trading, you will only be gambling with your money.
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-snip-
Anyway, as for OP's question, doing multiple trades on a daily basis is for me the best way to make profit if you want to focus on one pair alone, and for that to happen, you must trade on futures. High risk, high reward. Price are volatile = greater chance at making profits, and losing money as well. Your choice.
A high-risk option, but not for a beginner because futures trading is not for an experiment or for those who don't know how futures trading works.
There are more losses that occur when those who are beginners enter future trading. It is only for professionals who understand how crypto works and those who understand technical analysis.
I don't even do future trades, this is related to my weak mentality and not too happy to risk my money too high.
I prefer more relaxed spot trading and just need to hold when the price is falling or make a repurchase to accumulate holdings.
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-snip-
Anyway, as for OP's question, doing multiple trades on a daily basis is for me the best way to make profit if you want to focus on one pair alone, and for that to happen, you must trade on futures. High risk, high reward. Price are volatile = greater chance at making profits, and losing money as well. Your choice.
A high-risk option, but not for a beginner because futures trading is not for an experiment or for those who don't know how futures trading works.
There are more losses that occur when those who are beginners enter future trading. It is only for professionals who understand how crypto works and those who understand technical analysis.
I don't even do future trades, this is related to my weak mentality and not too happy to risk my money too high.
I prefer more relaxed spot trading and just need to hold when the price is falling or make a repurchase to accumulate holdings.
I also choose spot trading because honestly I am not a professional trader and do not have a good mentality and analysis. So rather than suffering losses with future trading where I do not have the knowledge and experience there, I better choose another strategy, namely spot trading, which I am able to do.
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I also choose spot trading because honestly I am not a professional trader and do not have a good mentality and analysis. So rather than suffering losses with future trading where I do not have the knowledge and experience there, I better choose another strategy, namely spot trading, which I am able to do.
It is better than having to force yourself to trade in futures because you will risk losing more.
But now many beginners are entering futures because they are interested in the profits that seem easy to get by just guessing the price, even though they don't know what the effect will be for the mental and there will be no return when exposed to liquid.
Relying solely on guesswork and not using any analysis, it looks like gambling rather than trading.
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It is better than having to force yourself to trade in futures because you will risk losing more.
But now many beginners are entering futures because they are interested in the profits that seem easy to get by just guessing the price, even though they don't know what the effect will be for the mental and there will be no return when exposed to liquid.
Relying solely on guesswork and not using any analysis, it looks like gambling rather than trading.
I will agree with you and trading futures without good knowledge of trading analysis is totally stupid.
Also another interesting thing if I tell you that I have seen many people in my local area who consider trading as gambling and they invest in trading thinking it as such. They don't know the need for analysis in trading I have noticed this in most of the newbies. The way they are investing in trading or trading is definitely gambling because trading is not just investment, technical analysis fundamental analysis has a huge role here, I think most of them who do spot trading or futures trading without understanding these things are gambling. is playing
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?
(I know trading with low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
trading with just one coin is better and you have to choose the right coin such as BTC, ETH, BNB, SOL and the top 100 on Coinmarket. However, we need a lot of capital to start trading these coins because the value is very high and the level of loss is not too big, even if you are smart in managing it by having a lot of experience or knowledge in trading, maybe you will get a profit every day.
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?
Trading with high leverage is not any solution to get big benefits. because high leverage is much risky. you can lost your total trading budget by using high leverage on trading. so your solution can be by opening multiple positions. When you use multiple positions, your investment average will reduce a lot of risk thereby saving you from big losses. But if you trade using high leverage then you may make big profits very quickly or make very big losses. In terms of leverage, the standard leverage is a maximum of 3x
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I also choose spot trading because honestly I am not a professional trader and do not have a good mentality and analysis. So rather than suffering losses with future trading where I do not have the knowledge and experience there, I better choose another strategy, namely spot trading, which I am able to do.
It is better than having to force yourself to trade in futures because you will risk losing more.
But now many beginners are entering futures because they are interested in the profits that seem easy to get by just guessing the price, even though they don't know what the effect will be for the mental and there will be no return when exposed to liquid.
Relying solely on guesswork and not using any analysis, it looks like gambling rather than trading.
I also agree with you, when investing in the futures market many beginners invest only based on guesswork. They think that it will be easy to make profit from here, but they don't know that guessing the market price involves more risk, investing based on guesswork is based on luck and is tantamount to gambling. So it is important to invest with proper analysis, proper market research and proper strategy.
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Multiple pairs seems to be the best way to maximize profits but I think the time to trade matters too. An average trading pairs can move 5-10% a day and some crazy altcoins that are having hypes can make 2-10x of that daily if you are lucky. I think that is enough for a daily trader and if you can accumulate that, you should be okay with such profit for a month.
Trading futures can give you all the profit you desire in trading but if you are not expert and understand how to use leverage position and na age your risk ratio. You will burn the only capital you manage to start trading and this is why you should never start trading futures if you don't have the understanding of future trading, you will only be gambling with your money.
I think this opinion is right. Trading many pairs at once can make you more money but when you trade is also important. Even normal trades can make lot of money each day and some unusual coins can make even more if we are lucky. If we trade every day adding up these gains can give us good monthly profits.
But trading futures is risky if we do not know what we are doing. If we do not understand how to control our trades so we can lose lot of money. We need to learn and get experience before trading futures or we will be taking big risk with our money. Being careful and making smart decisions is crucial when trading.
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?
(I know trading with low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
Cryptocurrency trading is very risky if we not huge knowledge about it. I think before start cryptocurrency trading need gather proper knowledge about it. Without proper knowledge anyone can't success or profit from cryptocurrency trading.
I i think when we saw up market then we can scalping and when we saw down market then we can follow DCA method. I think this is good method. I success several times by following this method.
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?
(I know trading with low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
Cryptocurrency trading is very risky if we not huge knowledge about it. I think before start cryptocurrency trading need gather proper knowledge about it. Without proper knowledge anyone can't success or profit from cryptocurrency trading.
I i think when we saw up market then we can scalping and when we saw down market then we can follow DCA method. I think this is good method. I success several times by following this method.
Isn't it true that the high risk has a greater profit than the low risk, but the potential for loss is also greater. So trading is indeed high risk but we can get daily profits if we do daily trading. The risk of loss is also high because the crypto market is volatile and unpredictable.
The scalping method when the price goes up is indeed profitable, I also do it and buy when the market is down sometimes I also use DCA for the profits from trading.
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- opening multiple positions?
- or trading with high leverage?
Believe me, if you can master one pair in cryptocurrency, it will open up many opportunities to gain profit from the pair... you will truly understand its movement, including some of the impacts of news on the coins that you observe with high flying hours...
Using high leverage or opening many positions, everything will remain under your control when you truly master it.
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- opening multiple positions?
- or trading with high leverage?
Believe me, if you can master one pair in cryptocurrency, it will open up many opportunities to gain profit from the pair... you will truly understand its movement, including some of the impacts of news on the coins that you observe with high flying hours...
I agree and I often practice this method, not too many pair options in trading, just one but maximized.
If the cryptocurrency coin being traded is no longer potential, then the choice is to choose another coin but still in a single currency pair.
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?
(I know trading with low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
Cryptocurrency trading is very risky if we not huge knowledge about it. I think before start cryptocurrency trading need gather proper knowledge about it. Without proper knowledge anyone can't success or profit from cryptocurrency trading.
I i think when we saw up market then we can scalping and when we saw down market then we can follow DCA method. I think this is good method. I success several times by following this method.
Isn't it true that the high risk has a greater profit than the low risk, but the potential for loss is also greater. So trading is indeed high risk but we can get daily profits if we do daily trading. The risk of loss is also high because the crypto market is volatile and unpredictable.
The scalping method when the price goes up is indeed profitable, I also do it and buy when the market is down sometimes I also use DCA for the profits from trading.
Yes you told perfect i also think that. I want to tell about future trade. But it was my missing to disclose properly. But still now i believe future future trade is risky. And i think in down market DCA os best method. If anyone follow DCA method properly, when market will up then it will be very profitable there has no doubt. I think you understand which i want to tell about risk. Thankyou.
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For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?
(I know trading with low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)
Cryptocurrency trading is very risky if we not huge knowledge about it. I think before start cryptocurrency trading need gather proper knowledge about it. Without proper knowledge anyone can't success or profit from cryptocurrency trading.
I i think when we saw up market then we can scalping and when we saw down market then we can follow DCA method. I think this is good method. I success several times by following this method.
Isn't it true that the high risk has a greater profit than the low risk, but the potential for loss is also greater. So trading is indeed high risk but we can get daily profits if we do daily trading. The risk of loss is also high because the crypto market is volatile and unpredictable.
The scalping method when the price goes up is indeed profitable, I also do it and buy when the market is down sometimes I also use DCA for the profits from trading.
Yes you told perfect i also think that. I want to tell about future trade. But it was my missing to disclose properly. But still now i believe future future trade is risky. And i think in down market DCA os best method. If anyone follow DCA method properly, when market will up then it will be very profitable there has no doubt. I think you understand which i want to tell about risk. Thankyou.
I read your opinions, it seems I agree with the DCA method, because by buying gradually before the bullish season we will get profit and add to our coin collection and we can sell it during the bullish season Scalping when the market starts to strengthen is a method that is often used. And I get profit from this method.
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I read your opinions, it seems I agree with the DCA method, because by buying gradually before the bullish season we will get profit and add to our coin collection and we can sell it during the bullish season Scalping when the market starts to strengthen is a method that is often used. And I get profit from this method.
Yes, DCA is the right way for those of us who do not want to take huge risks and be too worried about the price swings. The aim is to buy in stages before the beginning of the bullish phase so that it is possible to accumulate assets carefully as well as benefit from cheaper prices. Then, when the bullish season comes, it is just a matter of reaping the rewards.
It is also good to scalp when the market is strong, especially when you are capable of reading directional movements. Small gains from day trading are rather enticing and rewarding but you still must remain disciplined so that your feelings don’t control you when deciding. The key here is to continue analyzing the market and fine-tune the operations on the basis of existing conditions.