Which type of trader are you???

[taufik123]

Swing trading suits me, not rushing and seeing how the market will go. Always take advantage of the coin's price movements on the 15-Minute and 1H time frames, or perhaps on a larger time frame, so that there will be a bigger price difference and will give you higher profits.

But good capital management and a mature strategy need to be done, When the price has been reached, then take advantage of it and enter again when the price again dumps touching the bottom Support, and so on, But it is not easy because it requires good analytical knowledge.

[Roseline492]

That's true but since am trading a small account the bitcoin will not be transferable, it will not be upto the minimum transferable amount if not that would be the best for long term amd thats why i am scalping for now i am interested in trading and hopefully i can grow my small account to be able to purchase enough bitcoin as investment.

With the money that's enough for you to trade can definitely be transferable because I assume that the money you are using for the trading is up to $30 or more, you can do it if you want to convert it to Bitcoin and transfer it on your noncustodial wallet because if you are sending from exchange I believe there Bitcoin minimum withdrawal limit shouldn't be that big, highest it will be $20 or $25 but if perhaps your capital is not up to that then I understand why you said is too small to be transferred. However the scalping you intend to do is also risky.

[rby]

Right now, I’m on MEXC and still figuring out what fits me long-term. I’d love to hear what style you trade, what’s working for you (especially with altcoins), and maybe any tips you’ve picked up along the way.

If you are looking for long term, why not just hold your coins on noncustodial wallet. I am not recommending altcoins but just bitcoin.

I have tried all but swing trading has been the best if trading bitcoin. Not the best for altcoins while altcoin trading is not advisable unless you know how whales manipulate with altcoins and been able to bear the risks.

You have similar opinion to mine. There's no need trading for long term on exchanges when I can hold same coin on my wallet for as long as I want and sell whenever I wish. Hodling Bitcoin in my private wallet for as long as I want have always been a safe strategy for me but whenever I'm tempted to trade for quick profits I adopt Swing Trading because apart from being an easy-to-understand type of trading, it offers me more chances of leaving the market with profits that losses

[JISAN]

Trading is basically a risky victory, so to develop yourself as a trader, you need to have a lot of analysis and a lot of knowledge about the market. Still, there will be a lot of risk here because no one can ever make a guaranteed prediction. That's why I am not interested in trading myself. And I always advise everyone to refrain from trading. Holding only Bitcoin is the most sensible thing to do. Even though Bitcoin is a very strong currency, I don't like anyone trading Bitcoin. So I don't understand what kind of trader I am haha

[Glow]

Trading is basically a risky victory, so to develop yourself as a trader, you need to have a lot of analysis and a lot of knowledge about the market. Still, there will be a lot of risk here because no one can ever make a guaranteed prediction. That's why I am not interested in trading myself. And I always advise everyone to refrain from trading. Holding only Bitcoin is the most sensible thing to do. Even though Bitcoin is a very strong currency, I don't like anyone trading Bitcoin. So I don't understand what kind of trader I am haha

You are in the investor category which is very convenient , stress free,and the gain accumulates overtime which is wise and profitable.

[Glow]

That's true but since am trading a small account the bitcoin will not be transferable, it will not be upto the minimum transferable amount if not that would be the best for long term amd thats why i am scalping for now i am interested in trading and hopefully i can grow my small account to be able to purchase enough bitcoin as investment.

With the money that's enough for you to trade can definitely be transferable because I assume that the money you are using for the trading is up to $30 or more, you can do it if you want to convert it to Bitcoin and transfer it on your noncustodial wallet because if you are sending from exchange I believe there Bitcoin minimum withdrawal limit shouldn't be that big, highest it will be $20 or $25 but if perhaps your capital is not up to that then I understand why you said is too small to be transferred. However the scalping you intend to do is also risky.

You know I never thought of doing so and my capital is like 25 to 30$ which would be wise to do and I think I would like to leave it there for a year and see how the market would favour me ,thank you, there are somethings that's right before you but you don't see it until it is said.

[Bobcrypto]

Trading is basically a risky victory, so to develop yourself as a trader, you need to have a lot of analysis and a lot of knowledge about the market. Still, there will be a lot of risk here because no one can ever make a guaranteed prediction. That's why I am not interested in trading myself. And I always advise everyone to refrain from trading. Holding only Bitcoin is the most sensible thing to do. Even though Bitcoin is a very strong currency, I don't like anyone trading Bitcoin. So I don't understand what kind of trader I am haha

I'm yet to understand what you meant by risky victory on Trading. As a trader we must have personal strategy and it require continuous learning process to gain the needed experiences.
Every business is a pool of rock, or rather, business generally is a pool of risk, you must take some level of rick to survive, especially the high volitile crypto market.
I trade on both swings trading and scalping, it has been a good experience all this years

[MrSpasybo]

Trading is basically a risky victory, so to develop yourself as a trader, you need to have a lot of analysis and a lot of knowledge about the market. Still, there will be a lot of risk here because no one can ever make a guaranteed prediction. That's why I am not interested in trading myself. And I always advise everyone to refrain from trading. Holding only Bitcoin is the most sensible thing to do. Even though Bitcoin is a very strong currency, I don't like anyone trading Bitcoin. So I don't understand what kind of trader I am haha

@JISAN, you're probably a long-term trader or position trader like me. We both have to buy BTC and hold it for the long haul, possibly for many years or many cycles.

I don't have investment advice for others, and I think it's necessary for people to trade BTC to maintain the liquidity of this market. If no one sells BTC, I won't be able to buy BTC and vice versa. The value of BTC also depends on the liquidity of this new asset: if the liquidity isn't good, fewer people will dare to invest in BTC.

I really enjoy trading, it's like a serious game involving data, psychology, and the market. However, because my abilities are still very limited, I haven't been able to turn my understanding into profit, so I'm temporarily staying out of intra-day trading. In the distant future, if I have enough skills, I also want to become a pro-trader across multiple timeframes to take advantage of more opportunities in the market, and I might even consider using leverage in Futures when necessary.

[jeraldskie11]

I badly wanted to be a scalper but it won't work for me. I think this type of trading is the hardest among them because you have to consider many things before you can execute your trades well. From analyzing the higher timeframe and down to 1m or 5m for entry, it's very hard and many traders loses a lot because of that. It's the riskiest type of trading and it's not recommended for newbie. Now, I have to accept that I am a day trader or else I lose more funds.

[Mr. Magkaisa]

        -       Everything you mentioned op, I do as traders and not just in all cases, depending on my mood in the trading activity I will do. And depending on the movement of the market here in cryptocurrency or bitcoin.

Like now in the day trade activity what I do, in the spot is thru swing trade and futures trade is scalping, just need a little monitoring for 1hr only.
After that, I will do day trade.

And our of all the types that you do which one is more profitable and fits you the most, but for you to be able to incorporate them all is amazing.

         -     All of them can produce profit for any type of trader, depending on the level you have set, mate. When it comes to making big profits, I think it's really a long-term trader's dream, if it's realistic for me, since this is my first time facing a bull run and my first time holding until the bull run ends.

I believe that I will experience a huge profit in this bull run, just wait for the right time, since I have a target price and once I see it,
I will sell my holdings of course.

[Rubel007]

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

I made many mistakes in the beginning of trading due to which I had to lose a lot. I would definitely not call trading an easy task. To be a trader, I would definitely need to know many things. Those who stick to this platform with their skills and experience will definitely benefit, but I think that holding for the long term is definitely more profitable for a person who does not have enough knowledge or is not ready to take the pressure of trading. This will give a holder profit without pressure and his return will also be higher in the long run.

[Glow]

I badly wanted to be a scalper but it won't work for me. I think this type of trading is the hardest among them because you have to consider many things before you can execute your trades well. From analyzing the higher timeframe and down to 1m or 5m for entry, it's very hard and many traders loses a lot because of that. It's the riskiest type of trading and it's not recommended for newbie. Now, I have to accept that I am a day trader or else I lose more funds.

Me too I wanted to be a scalper and was even practicing it but it's hard and I have alot to do in a day and I have to look after children too so it was too stressful for me so I am considering being a day trader or maybe an investor and see how it works out for me.

[milewilda]

1)Scalper: In and out within minutes, taking small but frequent profits. Fast-paced, high focus.

Im a scalper kind of trader on which its true that you will be that active to deal up with the movement of prices on which this is how it should be done in the first place.
The thing i do like with scalp is that it wont be spending up too much time on a particular day. If you do able to hit up your profit for that day then this is the time that you do completely stop
and trade in tommorow.

The important thing on here is that you should always consider on having that limits on which on the time that you do hit up your target profit, losing trades, winning trades.
You should know on when to stop on this case.

[Glow]

1)Scalper: In and out within minutes, taking small but frequent profits. Fast-paced, high focus.

Im a scalper kind of trader on which its true that you will be that active to deal up with the movement of prices on which this is how it should be done in the first place.
The thing i do like with scalp is that it wont be spending up too much time on a particular day. If you do able to hit up your profit for that day then this is the time that you do completely stop
and trade in tommorow.

The important thing on here is that you should always consider on having that limits on which on the time that you do hit up your target profit, losing trades, winning trades.
You should know on when to stop on this case.

You are right mostly those who scalp fall a victim to revenge trading when there is a loss and they couldn't accept it further leading to more loss or even stop out in small account and also the greed has to be in check as you said they should know when to call it a day if not overtrading might lead to lossing all the profit plus loses so trade wisely and carefully, and keep in mind that less trade is a win regardless of whether it's a profit or loss day.

[Azharul]

3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

I thought I am Swing trader only. But I have been holding some of my coins for a very long time already I still have them since 2018.  No pressure since the tokens are not scam and they still have more value than when the time I bought them.

There are tokens that I sold and never bought back anymore though. Some how I'm moving forward to new tokens that has long term especially when its marketing is continuous like the Vechain.

Trading is one of the best earning way in cryptocurrency market. I think that when we want to be a best trader, we should understand in cryptocurrency trade carefully. Because without knowledge in cryptocurrency market, we can not success from here. I am also include in day trade and swing trade in cryptocurrency world. I am also a trader in small levels. But i believe that day trading is very interesting, but if you start to trade in first time. You should acquire knowledge in cryptocurrency market and trading strategy carefully. Because if we don’t knowledge in cryptocurrency trade, we could be losses from here.