Bitcoin Forum

Dear crypto cummunity,

I'd like to ask you to point me in a somewhat right direction.

I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.

I believe I've come to a point where I would like to start practising some medium-term/swing trading. My hope is that some of you, experienced traders, have some references to some trading strategies. Should I do DCA and hodl 50% and trade the rest? At what percentages is it wise to take profits? 30/50/65%? I only trade the money that won't make me go bankrupt, but I'd love to become good at reward/loss management and start somewhere.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good carma back to the cummunity when I become good at this :)

I usually, set 3 targets for each trade. 5% 10% 15%
Once I hit T1 and locked my 5% profit, I reinvest the profits until I hit T2 [10%].
I always prefer to put my profits into a position.

DCA is recommended for people who can't read markets, who will simply lose their coins by trading. Personally, I would never use DCA because it has no strategy for entry/exit or risk management generally. I believe timing entries is an incredibly important part of investment.

I'd probably hodl closer to 80-90% if I were you, especially if you're comfortable using leverage. The less coins you have exposed to third party risk (holding on exchanges), the better.


You need to establish a trading system. Identify setups such as candlestick formations or chart patterns where a specific trade will play out a majority of the time. I.e. a triangle breakout or a head-and-shoulders pattern.

From there, you need to establish optimal risk/reward setups. I generally aim for a 3:1 or better reward to risk ratio. That means my take-profit should be worth 3x or more what I would lose if my stop loss hits. By optimizing your risk/reward, you can afford many small losses and still be a winning trader. Remember that trading is a grind based on probability. Even great traders lose a solid 40% of their trades. So you need to account for that in your risk management.

I wouldn't determine take-profit in terms of percentages. You want to let your winners run as much as possible. I usually prefer to aim for higher take-profits while rolling up my stop losses into profit as the trade progresses.


A basic tutorial on risk management in trading: https://www.investopedia.com/articles/trading/09/risk-management.asp

Check out Babypips. I recommend completing the Elementary through High School courses: https://www.babypips.com/learn/forex

I would start out trading only a small fraction of your stash, maybe 10-20%. Each individual trade should probably only be worth a fraction of that. Use key S/R levels and moving averages for take-profit and stop-loss levels.

Good luck!

You can trade as much money as you want and it does not depend on anything because you are the owner of the money.
But that will be good for you if you can set how much money you should use in trading, so you still have backup money for preparing if the worst situation is happening.
The percentage to take profit will vary since we use different money for trade, but it will be good if you can take more than 10%.
And if you can trade with good skills, then I think you can lower your profit percentage for about 3%-5%, but you are trading in more than 5 times so the percentage will bigger than only 10%-50%.
You can use the money you can afford, and if you are not ready to see a big lose in trading, then I think $100 is enough to try trading.

Following the strategies is one of the most important thing on it is the difficult thing also for everyone to keep it up for long time so my opinion is if you are following someone strategy will not work for you long time so making your own strategy will always helpful for you in all the situation in all the time.

First, you have to set a target goal and that shouldn't be aiming to get rich easily but to gain knowledge about trading first. It's alright to start with a small amount and just apply the basic strategy which is to buy low and to sell high. You could make your own strategy and if you're comfortable with it, you could increase your capital. Be smart upon choosing where to invest.

I don't rate the combination of these words - newcomer + trading.

They do not belong together.

If you don't understand how things work, what news looks good on the surface but may be disastrous to those who know a little more, historical behaviour, future possibilities, then don't even think of trading and keep reading until it does start falling into place.

You should consider trading once you feel you have a firm handle on the entirety of the space, not make it the very first thing you plunge into.

Until then buying a little and often and fiddling with paper trading is a better idea.

There are no such things as an initial good trading strategy. The person must first learn how to be passionate about what he is doing. Because giving him the right tools and mindset are not enough to make him successful. Risks management, technical analysis are the two things the newcomer must master. Trading is something that will make you avoid your bed because you know how much you will lose if you will leave your portfolio unattended.

If you are tired of searching for anything, analysis, global research and what happens within a day, you may try eToro! You won't even need to have the strategy. You just have to find a most trusted person and copy his trading moves.

Since you said your a newcomer or a  ewbie I suggest that you read some tips before entering the market.
It wouldn't really help is we tell you some strategy if you couldn't read the chart or doesn't know what's happening around the crypto currency.

That's the basic way of handling your trading as you don't have any knowledge being a trader when you're a newcomer. Being smart isn't just making faster sells, but you need to have self control over your actions. Agressiveness was the most reasons why new traders lost their funds in crypto, so much time and skills is really needed in order to succeed in your trading career.

Taking small 2-3% profits daily is less risky.
All you have to do is first learn basics of Technical analysis so that you can know when there is a strong signal to buy. 2 to 3 percent is not hard to achieve in a short time and Once you achieve your target, always exit and never try to be so greedy.

Trade with low leverage and put in a very small amount of money you are okay with completely losing in a few hours initially. Don't even try to touch higher leverage; most newbies end up with an empty account trying to trade with high leverage (and most people in general). Learn about trading and crypto in general, read up on how to trade and get yourself comfortable with an exchange you want to trade on, and in time you'll be off and trading on your own.

Try not to depend on other peoples' TA or advice too much, especially when you are starting out in trading. It's extremely important you learn to trade yourself and you aren't spoon-fed with calls. It is always best to make your own decisions in trading.

actually right using the strategy the new people also make their beginning stage to be successful but everyone had to be wait for sometime stool and some steps for doing the better job it suits for trading also.

Depending your choice but if you do prefer on medium to swing trades then it isnt really a bad idea yet since you are still new on trading
it would be risky if you do make some active/short trades.One advice is that you shouldnt rush up on anything its good that you do start up
with small amounts that you can afford to lose.Mistakes are inevitable then you should able to handle it out specially emotion because this is
one of the most common factors that traders do mess up after making some mess. ;D

I will not encourage the mind of getting rich quick from Bitcoin or crypto currency in general because that kind of mind will definitely make take a wrong investment decision and that will not help you buddy. A long time hold will earn you what ever gain you are looking for in crypto currency particularly if you are holding coins like Bitcoin, ethereum and Bitcoin Cash e t c .

Making a plan or strategy is one of a good decision in trading specially if you are newbie in trading industry, you should be aware also on the exchange platform on how to use limit order, stop order and market order, eventually I always use stop order to avoid losing so much money. You should also know what kind of trader who you are personally I'm a swing trader small gain is enough for me dont be greedy.

I think you have to define very well what you want to do, because if you have a strategy based only on technical analysis it is difficult to do some trading either in any of the periods you choose to do.

For the porcelators you want to achieve are goals that we always want to achieve, but one thing is to say it and quite another is to carry it out, I think you have to learn to understand the market, because if you do not do it, choose any period of time to you make more failures than successes, many people enter in order to find quick profits, only if you have a good knowledge of what really happens in the market you can achieve it, however many times the analysis is invalidated.

I think that before doing any kind of operation you should read some authors, especially market speculators, but do not teach technical analysis, but they teach you or in your book they narrate in what ways they faced the market and how they solved and led to out their successes and failures.

we cannot get the success in the beginning stage because it is the time for practice after the practice and get experience with only you can make the successful trading journey from that point otherwise following the strategy in the beginning stage will be difficult for everyone

It's a good thing that we're setting things and strategies ahead of time. We could actually make our own strategies and techniques which we could apply when we trade but we have to make sure about it. We have to do simple analysis. It would be a trial and error but it will succeed in time.

It's a good thing to educate ourselves and familiarize its nature and concept. Trading is not all about getting rich quickly, it takes time, hard work, and commitment. Get basic trading knowledge, set achievable trading goals, define clear strategy, never risk all money you have, evaluate your performance on a monthly basis, and control your emotions. Improve continuously, improve trading and self educate continuously.Nobody is born successful, but learning and practice both lead to high profits in trading.

Following the trend of a top coin with a huge market volume is the best strategy that works for me. With a tight stop loss in place , I can ride on the trend till my stop loss is hit. At least 2/1 reward to risk ratio is ok.

This is a good one but i think you are rolling with high budget since you are gaining big profit for sure because you can reroll it for 10% gain for the next trade.This is good for big traders will be profitable bigtime

well to assure you can avoid risky situation especially lossing large amount of money, then always make a TA before putting your capital ,and to ensured that there's a good return in the future and less worries ,always trade a coin which is certain such finished project. It's  so simple but you should focus on it to monitor the price time on time.  

  The most important thing before we penetrate in trading, is to be cautious and study harder about the fundamentals to enhance our knowledge by dealing the consequences. Experience and wisdom will lead a way to contour the possible loses and it is about on how we create an accurate strategy to deliberate a liable output.

If you have a certain trust with your knowledge and skills you don't need to watch your assets from time to time, you just need to specify your position
from both entry and exit points, if you already have that target, then there's no need to keep looking but to wait till everything will be settled.

Good thing you have a good mindset about trading. Setting a target profit is good but based on my own experienced, 5-10% as a swing trader is enough for me. I don't to be so much greedy with 20-30% since 10% profits a day is big enough for my own beliefs. But please reconsider learning stop loss[/u]. If you want to be safe, i mean getting profits while the market is unstable, stop loss is a very significant thing in trading.


When i was a newbie before, youtube, google and this forum is my trading buddies. Honestly, it helps me a lot to improve my trading skills. Anyway, if you are a swing trader in bitmex, it has a calculator button in which you can compute your profits, loss and leverage.

Here's the sample image (https://medium.com/@johnhinkle_80891/the-idiots-guide-to-margin-trading-on-bitmex-dbbd7742c6fc):
https://i.ibb.co/YQ82hY0/calcu.png

Amnew and i lost arroound 1000 dpes this make me unable to work in the trading market

Most of the trading strategies for bitcoin are not unique to bitcoin and you can find them with any sort of commodity.  Bitcoin does have some unique properties to it...

1) It takes about an hour to verify a bitcoin.  This makes it extremely difficult to take advantage of a difference in price by buying bitcoin in one place and selling at another or exchange it with the help of Cryptocurrency Exchange Software (https://theninehertz.com/cryptocurrency-exchange-development/). I think it would be possible to use this fact to somehow make money although I've tried a few things and none of them have really worked.

2) There are differences in transaction fee and volume on the different exchanges.

3) There is a strong connection between bitcoin trading and China.

The other thing is that the bitcoin markets are evolving rapidly, so I don't think it would be possible to do month to month trading since everything changes so much from month to month.  You might be able to find a pattern that will allow a day to day trading or week to week, but bitcoin trading is so volatile that I'm finding that bitcoin trading is a full-time job and one that doesn't pay particularly well.

With me, for example, I'm finding that bitcoin trading is part of my full-time job, and it does not pay enough to pay for my living expenses.  This is fine because I'm an entrepreneur and I have some cash reserves to fund my living expenses.  I figure if I automate some things, and get better at trading, I will likely make enough money to cover most of my living expenses, and if some of my other projects work out, I might be able to live a decent middle-class lifestyle, but even this is going take a lot of hard work.

The thing that I don't think I'll *ever* be able to do realistically is getting super rich by bitcoin trading.  I might be able to get super-rich by doing other things, but not bitcoin trading.  I might be able to make decent amounts of money, but if I wanted to maximize income, I never would have left (insert big investment bank).

Archive (https://web.archive.org/web/20190514055428/https://bitcointalk.org/index.php?topic=5142510.20).
Great, you copy-pasta™ an article from Quora: https://www.quora.com/What-are-some-bitcoin-trading-strategies (https://www.quora.com/What-are-some-bitcoin-trading-strategies)

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On topic: Follow these guys: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion (https://bitcointalk.org/index.php?topic=178336.476520).
You'll learn a lot of trading strategies (and memes) by reading the recent posts; and if you dare, backread the previous pages for historical data.
But there's no definite strategy here, its mostly cognitive and memory based work, you need to process the info you get from the news and bct posts to know "when is when".

Since it's certainly the Bull Run, you can enjoy a less risky trading at small corrections.

it will be risky if bearish occurs. I did not give the target what percentage of profit I should get, because certainly each time will be different depending on the market conditions. I usually see candlesticks on the chart, there are many strategies for reading candlesticks on the market, and it will give you signals when to sell and buy

To be very much honest, there is no fixed strategy that gonna work second time.
I mean you will definitely face losses if you try it for the second time.
If you are a newcomer then i would suggest you only to invest with small amounts and understand the holy market first.
Moreover Just have confidence on yourself and you gonna surely make profit.
Good luck mate.

Have you seen the high volatility that the price has had since last week? in this crypto market it is increasingly difficult to do daytrade and it is very difficult to stipulate some profit goal per day, week or month. I would recommend that you buy and hold for more than 2 years ... because doing daytrade you will run a high risk of losing all your money

I don't think putting money in coin and holding it for 2 years is good strategy at all. I tried the same with Stratis and Waves in 2017 but after two years I am in loss of 60%. Crypto market changes very rapidly. The trendy coins of today may not be good coins for tomorrow. Crypto Market is very prone to news and FUDs. That's why I recommend shifting funds from one coin to other periodically so that your portfolio remain upto date with market trends. Stratis was trending in 2017 and was one of the Top 15 coin but in 2019 it is out of Top 50 coins. So my decision to hold it for 2 years was surely a wrong one.

1. Learn first, about the basic stuff like Bitcoin and Blockchain
2. Study the basic stuff for charting if you wanna be a trader or learn crypto economics if you want to be hodler.
3. After you study all that stuff and confidence enough, do paper trading. Try to use your chart and trade the coin you want but only in paper so no money involve.
4. If you can make a profit in paper trading, now put small amount of money to do real trading.

Just remember this thing Crypto is fast game so DON'T BE GREEDY

You pointed out some good facts here. Learning is always first, creating a wallet, making first transactions in and out, learning about fees, and everything thats connected with wallets, online or hardware. Second is very important, nobody can tell you what is good, daily trading or holding, for some is better trading for others holding. I will have to add that firstly is holding, and building your bankroll, only later when you learned basics and you have some bankroll try trading.
Greediness is always a killer, who cant control that part will have bad experience in trading.

I am going with only the flow of the current market situation whenever I think this time I need to take a break and hold my investment for some days then I decided not to read it more quickly so so it always being go with your mindset because reading is also like the half trusted investment so whenever anything happens you need to accept that then only you can be the perfect trader.

As a new comer you can trade anytime you want as long as you have capital to buy coins in any of the exchange platform, then you can also learn anytime you want too. But even you have full knowledge about in trading, if you don't have money/investment your skills and talent in trading in the end still be useless.

Of course you need to study first the crypto market before starting to trade.Once you know the basics,you can start trading even with a small amount.The more you spend time on trading,the more likely you develop your own skills and strategies.You will surely make profits in trading as long as you never use your emotions but only your brilliant minds in trading.

As a newcomer in trading, it might cost a lot of time and money for someone who doesn't have the right knowledge yet. Someone who can make their own strategy is a well-experienced trader already but for someone who doesn't have any single knowledge about it will literally burn their money before they realize what they were doing.

I can't even find a way to say big enough thank you for all of these tips! 3 pages of tips! I love you guys! I read through all of it and will read it again :) I already implemented multiple of your suggestions (stopped trading 30% and am practising with 2% split into 3 parts). Also I really love the "babypips" website suggestion for Forex trading, there's a lot of very simplified and excellent information there. After all, the tools used for trading are almost the same, yet there are many more experts in Forex than in Crypto. There's just so much useful information and I'm really looking forward to research all of it (like it's possible to read everything lol).

Currently I'm traveling in rural area of Northern India and the connection is terrible, but when I'm back to Europe, I can't wait to get into crypto at least part-time :)

Sending much love from the top of the world - himalayas <3

P.S. should I mortgage my apartment for BTC? jk

From my trading experience, I have come to realize that experience is the best teacher because if you continue to look for any secret about like one of my friend is to tell me so shall you continue to lose your money in trading. Try as much as possible to learn from your mistake and other people's mistake, in doing that your trading skill will improve significantly.

Point taken, it is not a good thing if you are a copy cat and your way or your strategy will definitely varies on what are the ways you trade, where you trade, when you trade. We all have different perspectives in doing so. And also not all people sticks on trading, there are those individuals who use alternatives in order to earn not only through trading, i read about some who started playing in a casino because there are benefits and bonuses you can get and day to day trading can be tiring. As i have mentioned, casino (https://vegascasino.io/casino/video-slots/the-dog-house?utm_source=cctdh), in which you will not only enjoy playing with the use of your mobile phone and Bitcoin, you can also save time and earn at the same moment. We must be smart in every move we are going to do because not all moments can be good to us, so be critical enough in analyzing the market at the same time do not easily believe in the fake news. Try different strategies so that you will mot feel lose in the end.

You have a great idea and plan for your catalog. I appreciate that. And I have a really good experience and it can help you in this early stage. I have also wondered at how much profit and stoploss to close at the beginning.
First of all, you should look closely at the altcoin trading chart and level that you are investing. whether its degree of fluctuation is large or not, from which you will be able to order a buy or sell more accurately.
Besides, remember, after you decide, you must not change it. You must follow your principles and not break it. create that habit and you will be very grateful to me for this experience in the future. ;D

At first it will be hard, then as we push through we will eventually see how profitable trading is depending on our skills, strategies and knowledge. We will be able to see too that we learn and we gain without us noticing that we already get the fruit of our labor by being dedicated to be successful.

DCA is an effective buying strategy and you should apply it when purchasing power begins to weaken. You will be able to buy with good prices.
But I have an advice that you should choose exchange with stoploss function. It is really necessary for us because we cannot control the portfolio well as the amplitude of altcoin fluctuates.

As a newbie it means you are empty cup, which is totally no idea about what you are trying to enter. You cannot go in the battle without training. You must walk through with it, same goes with trading in crypto and bitcoin. You need to learn and make some effort through research, tutorial video about in trading and etc.

It will be cool if you find a guy who is trading and who is doing it for a long time. Join him, and watch which steps he is going each time he wants to trade. Naturally, you must not repeat his actions: it will be like a "Demo" how to work.

Trading might looks easy but trust me its not.You need to be extremely skilled with analysis to be more successful through crypto trading and sometimes it work in the wrong way as well so better try to learn initially by making small amount of profits and keep it growing as much as you can.

Even if you are not skilled traders you can go on trading because the best way to learn trading is your esperienced  this will give you idea when the right time to exit/enter in the market.
For newcommers or newbie in this kind of industry need to learn first the basic of trading how its work where is the best trading site to do trading then after that apply your learning to make a profit always remember trading is not a lambo there will be a time you will lose then that losses make an inspiration to make profit.

Definitely we can make profits even when you are newbie but intention of getting rich soon by trading when you are still newbie will not work and make more losses than profits by doing trading like that.

I think to be rich, you have to be patient in terms of traders unless you have big capital and again we have to be patient because the results of patience are real satisfaction

First you have to learn about technical analysis and fundamentals in trading, if you already understand, then the next is money management, because the basic foundation of techniques like this is very important so that we profit in our trading

If you want to know the right decision about trading, then I think that you have to gain a good knowledge of trading. If you do not have good knowledge about trading then you can't success in your trading. So I think you have the basic idea about trading. The first thing in the basic issues of trading is emotions. Money management will come in the second step. If you can not control the emotions, then you should not start trade, because the first issue of trading is that, you have to control your emotions, so learn to control emotions first and then start trading. I think you will get good results if you control your emotions. Lear accurate knowledge about money management.

You have to determine the profit target but don't be greedy because the goal is to implement basic strategies and gain knowledge about trading

You can record each of your transactions simply in a notebook. The main thing to write why you bought this coin and what price you want to achieve. Then you can sell this coin completely and then buy it again after the price rollback.

if you are a long-term investor you can do that, but if you are a daily trader you need action that is more simpler and faster, you can't write it down on the many coins you bought that day right? You just need to be good at remembering, good at analyzing, and good at reading opportunities to buy and sell

Most mistake newcomers in crypto always do is, they keep looking at Portfolio when the market is shaking. That alone puts fomo to one's self. And also we should mind the exchangers and groups we belong to. Don't take part in P&D it will burn out your capital.

Don't set your profit too high or more than 5% because that will too difficult for you since you are still learning in trading. You can set it to 1% until you can analyze the chart with good so you can increase the percentage of about 2%-3% while you still learning more. But if you can master the analysis in a short time, then you can increase for more than 5% for every trade, but you need to find the right coin to trade.

Buy low and sell high is the strategy will make us profits no matter of anyone will do that but choose the trading if you are ready to lose your capital because sometime it will take years to get the sell price higher than the bought prices or just be the holder where you no need to worry about the price swings.

I recommend to put the percentage of profit in the area of 30% and download a mobile application of the top exchanges, where you can put yourself a notification of the achievements of a certain price, the market is not yet growing very rapidly and there are opportunities for shorts

Observe carefully and don`t rush on your decisions if you want to survive and get successful on trading. You must also need to familiarize the trading platform you are putting your money. Don`t be emotional and set goals.

If you have this type of practice you can organize your investment well, the market always have its ups and downs so make a proper preparations,
stick with your system and have a lots of patience to wait, sets your targets and make a use of your created strategy based from what you've set
it and keep it that way.

Control our emotion is important thing in trading. When we get Fomo, it means bad thing will come because follow our emotion will make us do anything that market want us to do. Like easily trappen in bull or maybe bear trap.

Very good strategy: If you are very newcommer do nothing, not trade any coin because it seems like everything is already cheap and going to rise, so just buy and wait.

I disagree, regardless of the type of trader that you are keeping a trading journal is critical for your success, after all how are you going to learn from your mistakes if you do not take the time to analyze them, memories fade and if you are a short term trader this is even more common since it will be impossible to remember all the conditions of the different markets in which you traded in a single day, so in my opinion it is not only important to keep a trading journal you should also keep pictures of every market in which you traded, even if all of this may seem time consuming it is something that must be done if you really want to improve your trading skills.

I think the candle trip will repeat and there is nothing new. hence from this experience is needed to adapt to the market. especially for short-term trading, of course technical analysis will be the main weapon

Idea is not bad but the crypto price movement especially that of the Bitcoin is following increase trend and it seems to be happening rocketing blast in the near future. Better traders start investing in the coins right now so as to make a better collection. With this much additional quantity they would be able to have a great profit after the price pumps. New traders should always learn rather than doing more in crypto trade.