what is your trading strategy

[willywilly]

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?

[rohitroy097]

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.

[mohdelayo]

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.

[sidik7]

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 .

[Dreamer]

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.

[sidik7]

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 .

[jhm]

I have the perfect answer. The only trading strategy is the simplest: Hold

[Ferki]

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. 


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

[Kronchs]

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

[sakib.bro]

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.

[gabbie2010]

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.

[Juandab]

I use trading

[clarindak]

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?