Bitcoin Forum

I intend to reform my trading method.
Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy.
Repeat until 25 coins have been selected for profit
What do you think about this method?
Discuss and share with others your method

it sounds like a good strategy but you failed to explain the key point to this strategy which can make it a very good one or a terrible strategy. the key is "choosing those coins"!
you said "development background". well there isn't any development to majority of the altcoins and what you said is just fancy talk for saying "I check the social media for the most advertised coin".
the other part is the "fell deep" part! whatever that means. if you look at coins that have dropped a lot and choose them only based on that then it is a mistake. but if you can come up with valid reasons to convince yourself that these drops have brought that coin to its BOTTOM then your choices can be good.

what I do is that I don't waste my time with a lot of coins. instead I go around in the market and choose 1 or 2 coins that I see are getting some "attention" from the pumpers. this can be some hype in the media, some airdrop coming up, some fork,.... combined with increased volume, activity and of course some price rise. then I buy them and make some risk assessment to set my sell orders for dumping.

My trading style is that I prefer short-term trading, I like to buy and sell in the shortest time, but still have the profit that I will have, if you have the effective trading style you can give I advice

Exacly. This strategy can end after buing first 5 coins after months of wating decrising everyday to 0. There are dozens of risks even if you checkes whitepaper, team and even CODE and contract with they partners to be sure they are not faked - and in most cases "development background" is just "lets see what people on youtube talks about it".

OP, I believe there are less than "25 altcoins" that are worth to trade that have "real development background". That is me being generous because I can reduce that into less than 10. Haha.

But if you are trading to garner more Bitcoins, choose the coins that are complete unsubtle scams if you are a good trader. They move faster. 8)

But if you want a safe strategy then look for a real job and buy the Bitcoin dip.

This method are being used by some knowledgeable trader. Those who haven't experienced trading maybe they should refer this as a guide to limit their trades whether to sell at wins and losses. Studying many kinds of coins at once may hinder your knowledge a bit at first if you're not used to it. Maybe for aspiring traders they should study atleast 7-10 coins and keep in touch with news.

Your method is good but for making good money it is not enough because here you are forcing the market and your coins to go towards your predetermined target level and which is not a good approach for trading. I would like to tell you that you better follow the trending approach or trending strategies where you only follow some predetermined process of a strategy by which you directly follow the market and take your positions in the direction of market's trend.

I use a technical strategy where i use 3 SMA and i am trading the trend using this strategy and till now I have been quite successful. Want to know more you can inbox me anytime you want i am here to help anyone.

I'm glad that you have your own strategy in trading. I really hope that it works with you well. We have to work on our own strategies for us to have a good trading style.

I would choose 25 coin based platforms. What is the platform here?
It means the development of a coin through events, it could be the development of the team, the coin relationships with the community, the coin being popular on coinmarketcap.
I do not think I'm wasting time with this method because I buy them with all the money I have and when they reach the goal I've defined, this means I'm profitable.

Trading style is important factors that you should have in order to earn big profit, if you do not have any style in trading then it is also okay because not all of us have some styles in trading but for me having a style in trading is a way that you can make a good profit.
I will just list some style in trading.

1. Check the Coin that you want to invest - You should first check on the altcoin if which coin has the potential to earn you big.
2. Check the Exchanges - You should also check the platform exchanges that you will use for your trading, to know the fee that you will pay, to know where is the lowest fee, Check the price of the coin that you will trade.
3. Check the price - Check the price of the coins in the market so that you will have an idea to how much you will trade your coin.
4. Monitoring the Price in the Platform Exchanges - Lastly Monitor the price of the coin in the platform exchanges so that if the price of the coin pumps you will trade it right away.

You are because there are only a few coins that will fit your criteria and you won't be able to pick 25 coins based on the criteria you have set. Either way, you can go for coins that have a chance for growth to fill those 25 spots even if it is not that high when they dump. At the very least, you won't need to waste that much time and the potential for profit is higher than when you will pick fewer coins(but the risk is also higher).

You should trying and praticalize this first before we can said something about it.  Some trading strategies, some time look very good but when you begin to implement it, you always find out that you will lose money.  
Remember cryptocurrencies trading entails alot of risk and I will said,  it is not good you invest into it without adequate knowledge.

Choosing right coins is like choosing right balls from the basket without looking so the problem starts with that and your strategy will fail but still it can be profitable if you are an expert.

There are four main styles of trading, namely scalping, day trading, swing trading, and position trading. Technically, scalping is a type of trading within day trading, but scalping is so different from all other forms of day trading, that I consider it to be a separate style.

I don't have a specific trading style or don't stick with the methods i used once since the market always changes. I really believe that every coin has its potential and time to increase its price so what i always do is study the coin, looking for historical charts, its market capitalization and daily movement of price, whenever i gets satisfaction from what i've seen im gonna for it and hodl.

choosing 25 types of coins for trading it is a silly method for me personally,
I prefer one to two types of coins with 3x of capital for me to play, this method is more promising for profit.

Daily trading This is the most famous trading style. This trading style is widely used by traders today because the risk is not too large compared with other trading styles.

You don't understand with OP's strategy. He would only buy up to 5 coins from total 25 coins. If one of those 5 coins going up or it already hit his goal profit, he will sell it and buy another coins from 19 other coins he picked before. He will keep repeat this until all 25 coins he bought and then started with another (plan)?.

My trading style is holding and waiting, I'm not good at analyzing but the patience is the main, so I'm less of a loss because I always hold the coins for a long time

Style here style there it never gets old for knowledge seekers although it may sound boring but it can also boost your knowledge even a half assed method in trading can be improved if you have lots of knowledge you can upgrade or improvise something out of nothing. True meaning of knowledge you can earn it but you can't spend it a wise investment for your mind to read.

That is more of an "investment" style instead of trading method. I mean I do agree that you should do that but make sure you are doing your research on those coins very carefully. If you do your research well than you will profit. However trading is buying and selling a bit quickly and not doing research on the "coin" itself but the "chart" instead. If you want to "trade" you read the charts and react accordingly and not care about the coin itself.

I work in the style of swing-trading. The method is quite convenient and it opens up wide opportunities for profit. The main goal of swing-trading is to get the highest profit when making a small number of transactions. I strive to keep the deal open as long as the instrument moves confidently in one direction. As soon as there are signs of a future price reversal, it's time to close the deal.

You have some pros and cons in a plan.The good one is buying the cryptocurrency at low price.You have to hold till the maximum raise in that cryptocurrency and which you mean it as an target.The bad one is, if you choose 25 coins at a time or 19 coins at a time . Their may be a possibility of choosing shit coin by mistake.You have to avoid it.

We have different trading styles and strategies. Yours is pretty good. But with that 25 to be choose from, i wish you will not select the least potentially coin and will not missed to pick the best target 5 coins.

There is a rule of portfolio allocation, and usually it says that it makes no sense to invest in 5 or more assets. The most effective method is 4-5 coins with the subsequent rebalancing of the portfolio. Just need to find the right entry points.

Personally, I do not have any secret trading, but I always hold the wait for reasonable price. Sometimes due to waiting too long makes the price of coins fall. So I also lost money. But there are coins that keep rising and I get a profit

Interesting strategy but whats it all about with the 19 coin section after you are successful in the 25 coins? Looks like some randomness in your portfolios? Well, crypto currencies are very good for investment if they are from the Top 50 and thus if we apply your strategy as well then we will sort out 25 best coins amongst them. This will increase the odds of winning profits for us and thus instead of those 5 coins we may end up having big profits with all those coins. However one thing, we will need huge money for investing in such big number of coins. The price of coin and its quantity also matters sometimes.

my method is similar to you too
if some coins experience a decrease far enough from the purchase price I usually buy back again for coin leverage if I still believe that I will have the potential for the future to reduce risk and get a higher profit again

You didn't need to put 25 coins or list 25 coins in your bucket list of investment. You need to check what's on the coinmarketcap.com in order to see what coin to invest to. Then harvest what you sow.

Yeah, but if those coins are getting decreased continuously without any progress for getting pumped and it always happens on most shit coins right now. You would never recover your money because it just lures you to invest more and more on those shit coins.

Do you think every team make real whitepaper or real roadmap??  I think no . So your first strategy will fail here. When your first technique will fail you will be a frustrated man. Actually there are lots of cheater into crypto market who make false roadmap to promote their coin. So don't do this. You can look after market last 7/15 days about some specific coin and you can invest for short term in it. Think you will be gainer.

Good strategy, I approve! At me that that similar, I choose pair of worthy projects, and I hold! While this strategy has never failed me.

There are so many traders who are busy in both short term and long-term trading of the crypto coins. All of them have their own style of dealing with the things and that there is one thing which is common in most of the traders and that is they only go for buying of the coins at time when the market is down and that they keep on holding their coins till they see the market rising higher.

If you continue this style you may loose more money in this platform. So research and analyse the many strategies you will get good knowledge in this platform but do not discuss other traders because no one is help to you. So you only improve skills. Nowadays all are follow your method but this is not successful move in future so you should study know.

my way of trading is relaxed, and relaxed is that I am not in a hurry to decide which type of coin I will invest and not to rush to sell. from what I do I am always ready with any risk I will face if everything is not in line with expectations.

Look's like gambling and need big money if you want do that on real market. For 25 coins, we will need extra time for research and sometimes market get sideways mode, it will make this strategy hard to follow. Maybe I need time to understand about this method because this one is not usual. Thank you for sharing the method and good luck to you.

Interesting method, interesting. What else to say. In general, it is worth trying in practice. My method of trading so far is that I listen to the advice of more experienced market players and try to apply them.

In the world of online trading style vary for each person, and a lot of that stuff is not the same all the trading. Including my trading style is also different from the other.

That good trading methode just make learn more about risk management because the fluctuacion of crypto so high.  I did day trading, and i make open potition only with 3 different coins to more easy to handle it. I also use stop loss on every trade. Day trading is good way to earn profit now because many altcoin was push from the bottomed. There are always any risk in all trading strategy so we should be make sure we have trading plan to minimize it.

We have different trading style . Different coins and number of coins we are different to each other. The more the coins that you have the more profit that possible to get after few months. Like right now most of the coins are good to invest.

Such a method would be good in 2016, but not now.

It is a good strategy that can be used this year and many years later, it is still outdated if you know how to use it. However you need more knowledge about the market and the price fluctuation you can straighten.

to trade every person certainly has their own trading strategy, and your strategy might be good too, and not necessarily other people use the strategy that you have used, so we trade must have our own strategies to get as much profit as we can want, so use your own strategy for example it can generate profits for you.

If really you using 3 principles: 1. Buying when the price very small. 2. Diversifitsiruete risks. 3. Don't worry and waiting. Principles is very a lot but this better than nothing.

Trading style in cryptocurrency is really different from stocks. And what you are doing is working in stock market. You won't be seen instantly the growth of the coins you have in just a couple of months. It takes year before it completes the roadmap. Stocks are already successful companies, they just need more investors.
Coins will keep on falling till it become shitcoin specially, if owners left the project. You should not make your scouting as an assurance that the price of your hold coins will go up.

It is a very simple trading method and it has too many holes. To choose 25 potential altcoins, you have to spend a lot of time analyzing and learning new ones. Obviously, you just want to make a profit blindly. Think again about this investment strategy.

the popular trading style today is buy buy buy... 

because you never know which day the price will rouch $50000 again  ::)