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Author Topic: New year, New trading strategies.  (Read 1134 times)

Offline AlphaBeta

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New year, New trading strategies.
« on: January 09, 2025, 04:07:30 PM »
Coming into this year I want to build on the success I got towards the end of last year in my trades.

I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.

I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.

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New year, New trading strategies.
« on: January 09, 2025, 04:07:30 PM »

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Re: New year, New trading strategies.
« Reply #1 on: January 09, 2025, 06:04:33 PM »
It seems from your words that you have a good trading experience, something good to put your goals at the beginning of the year and also encourage you to stick to the risk management strategy because the drifting behind your emotions and market temptations may cause you a lot of losses.

As for  trading bots and grid trading, I tried it in the exchanges like Bitget and Kucoin, in which I did not reap a lot of profits, but it is still good at least that rests you from staying in front of the screen all the time.
Good luck in the new year.

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Re: New year, New trading strategies.
« Reply #1 on: January 09, 2025, 06:04:33 PM »

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Re: New year, New trading strategies.
« Reply #2 on: January 09, 2025, 07:12:28 PM »
Coming into this year I want to build on the success I got towards the end of last year in my trades.

I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.

I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.
motivation can help you to be a steping stone,without risk you can't get there,life itself is all about risk,already you have the idea of trading,the risk attempting might shock you.
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Re: New year, New trading strategies.
« Reply #3 on: January 09, 2025, 10:11:40 PM »
I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.
I am completely against trading bot, it could be good for you but I don't buy the idea of using trading to trade the risk is much and one could lose more while using trading bot. Although even though there are people who are finding love over it that doesn't mean that people should rely on it that way. But what is mostly important is for us to do the trading ourselves and know things we should apply to give us effective trading and a productive results than using bot or any forms of trading tools fast track our trading profits.

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Re: New year, New trading strategies.
« Reply #4 on: January 09, 2025, 11:01:45 PM »
Coming into this year I want to build on the success I got towards the end of last year in my trades.

I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.

I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.

I also agrees that we should try and make some amendments as modifications to how we have been trading over the years, maybe this time, things could change and possibly have more positive impacts on us, we are going to have more better chances of getting it right when we apply multiple approach as well as changing the existing strategy or patter to how we are trading.

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Re: New year, New trading strategies.
« Reply #5 on: January 10, 2025, 12:31:15 PM »
Coming into this year I want to build on the success I got towards the end of last year in my trades.

I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.

I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.
Actually, trading is one of the best profitable source in crypto currency market. So we should be accepted some strategy for best trading in cryptocurrency market. Because this strategy will be very helpful for us. Because we know that trading is very risky for any person. So we should understand in cryptocurrency market and trading system. I think that we could be trading in short term for primary step. I think that gradually we can understand in this system.
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Re: New year, New trading strategies.
« Reply #6 on: January 10, 2025, 12:42:00 PM »
Coming into this year I want to build on the success I got towards the end of last year in my trades.

I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.

I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.

Trading is profitable to all who knows how to trade, and for you, I see you have gained some experience and it is turning out well for you. Note; do not be overwhelmed when emotions comes in and you be swindled. Trading with caution is very good as it will help you manage risk. Improving ones trading strategy and modifying those which has not been much profitable. Starting the year with self improvement in crypto trading is very valuable as the year has some veiled events to be unveiled in time.

I don't use bot for trading, or will say I have not tried it at anytime. I could put that into my bucket list in my trading journey this year, and see if it works out well for me.
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Re: New year, New trading strategies.
« Reply #6 on: January 10, 2025, 12:42:00 PM »


Offline LogitechMouse

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Re: New year, New trading strategies.
« Reply #7 on: January 10, 2025, 03:15:35 PM »
---
I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.
Sharing your experience with trading bots and grid trading might be beneficial for some traders here as they will have basis on whether they will try it or not. I just tried it with 10$ a few days ago, and I'm at a loss currently since the market is down (and it went down yet again from $94,000 to around $92,000).
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Re: New year, New trading strategies.
As for my strategy, I will change my strategy last year that caused me hundreds of dollars. This year, I will be more conservative in terms of the number of trades on a weekly basis, and as much as possible, I will just stick to only 1 trade per day or if I can't find then at least I'll make at least 3 trades per week. In that way, I guess I'll be safer than just making more trades just to chase those profits. The lesser, the better, the lesser stress as well.

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Re: New year, New trading strategies.
« Reply #8 on: January 10, 2025, 03:46:04 PM »
I haven't used the trading bot yet from any exchange; even on Binance, I saw the stats of those who use it. There's ups and downs on their profit, but it looks like it depends on when and where you use the bot and what you set.
I am more confident in trading manually, as I can make a decision right away once the market looks against my prediction and analysis. The risk management is always there; without the risk management, you will lose a lot rather than gain profit.
I've been trading daily, but I am not a day trader, but so that I am doing it on paper money, based on my previous experience, I feel that I am improving a bit compared to the last year. Last year, I lost a significant amount of money doing day trading, despite the fact that I thought all of my experience and trading knowledge would help me make a profit.
Well, it's experience, so I don't regret doing it. That is why I keep learning and trading daily, even if it's just paper money, but sometimes I enter while watching the chart. because I saw some obvious patterns. That is the time that I am going to put a position with real USDT for the short term and exit later. I make one or two trades per day, but sometimes none if the market is in correction and accumulation.
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Re: New year, New trading strategies.
« Reply #9 on: January 10, 2025, 04:00:47 PM »
A professional trader must have several strategies in trading to get maximum profit, and it seems that for now the market is really red is the time to buy. I also have a strategy in trading, but certainly everyone's strategy is not the same.
And what will distinguish between professional and amateur traders, namely from the results they get from trading over time.

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Re: New year, New trading strategies.
« Reply #10 on: January 10, 2025, 07:38:14 PM »
Coming into this year I want to build on the success I got towards the end of last year in my trades.

I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.

I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.
Happy New year, In this new year we have to change and have to apply new strategies on trading. I think every man has some fault so from thats fault we have to learn more and more. Then we will able to release from thats fault. And we will be success.
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Re: New year, New trading strategies.
« Reply #11 on: January 10, 2025, 07:44:00 PM »
Coming into this year I want to build on the success I got towards the end of last year in my trades.

I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.

I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.

I like how you are looking to maximize profits taking and not focus on watching your profit get taking away from you but that trading bot that you are planning on starting, I hope you have use it before or test it before because you will find it difficult to make profits especially if the market direction changes, bot don't understand the strategy of sell because emotions of traders and holders isn't something it can explore.

Instead of using Bot to trade, why not trade on your own, with time your dependent on bot will vanish, you don't have to depend on bot to make money from trading again. This will only makes you become a better trader and better version of your self.
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Re: New year, New trading strategies.
« Reply #12 on: January 10, 2025, 08:26:21 PM »
Coming into this year I want to build on the success I got towards the end of last year in my trades.

I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.

I'm also looking at trading bots and grid trading, I've been exposed to it a lot more recently as my exchange is allowing users to benefit from events that integrate them, and this is something I'd like to do and I was hoping I could get advice from people with experience in this here.
I also look at bot and grid trading sections and to me they are not attractive enough. If you are already earning from trading then trying new ways is good but at this time of the bull run you must not try these new things with the money which you can use to make more profit. I don't have expertise in any of these.

I know how they work and you can easily learn them trading bots are not going to pick any coins for you but they will follow what you will tell them to follow so you won't have to book profit when you are sleeping or traveling etc. These bots are very helpful in many situations and with frequent trading sessions you can make a a decent profit but you have to be careful with the choice of token.
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Re: New year, New trading strategies.
« Reply #13 on: January 10, 2025, 09:22:01 PM »
I've set a few targets for this year, and while I intend to make more profits, I still want to stick to my risk management strategy and not get carried away by what the market does.
If you have a strategy from last year that works for you, there is no need to try and change it this year, But instead you should try to improve on it and try to make sure that it is more efficient. The only time when you should consider to change your trading strategy is when you've recorded a series of consecutive losses and not just one or two but several losses consecutively that proves beyond any doubt that your strategy is failing.
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Offline Crypto Library

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    Quick Poster One year Anniversary 10 Poll Votes
Re: New year, New trading strategies.
« Reply #14 on: January 10, 2025, 10:54:25 PM »
Everyone has a target to gain more profit in the future and at the same time get more success. But everything depends on his effort and luck. If he gives his full effort and luck helps him then no one can stop him from being successful in the future. But just describing like this that you want to gain profit in the future that's not enough and at the same time I think using trading bot is one kind of risky step and I will not prefer that.

 

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