Bitcoin Forum

https://blog.digifinex.com/2020/12/16/trading-strategies-for-beginners/

1. Hedging
2. Asset Allocation
3. Swing Trading
4. Short Selling
5. Dollar-Cost Averaging

Before I'm into Dollar-cost averaging.

But when the pandemic has come, the budget that I had to allocate for it has been used and until now, I can't go back into it. I had some budget that should be used for my personal and survival needs. But once situation becomes easy and the pandemic has gone a little by little.

I'd go back to that very effective strategy that I've been using and there's no lose if somebody hasn't tried it. I wouldn't mind if the price goes up or down, as long as I've got cash on my pocket, that's the signal to buy.

None of the above. I use normal Day Trading and Scalping

I scalp the 3 minute chart, asset allocation and sometimes a swing here or there.

But mainly the 3 minute scalping

You can check my out my live trades this one is + 74% in 4 minutes.

https://youtu.be/8509W4dJDbY

Nice blog I'm not really familiar in trading strategies most of the time I'm just relying to the trading volume, support and resistance and the like if I'm right I think what I was doing was a swing trading.

short selling for me is very good if the price of the coin moves very high, because in my opinion the volatile market requires us to do short selling and buying quickly, precisely and accurately. This is my strategy but everyone has a different strategy

Mostly swing trading but I'm not quite sure what it is called that for example every Sunday I made a trade and whenever I earn 5% and above I stop. That's most likely what I do and sometimes following other traders strategy.

Almost all traders start with the Dollar-Cost Averaging strategy because it is the least risky and almost no one has invested in it in the long term and made losses.
Therefore, I advise newbies to start with it, and then they can move to Short Selling to make profits faster and get more free liquidity to buy more bitcoin.
In the long term, it is better to focus on buying a specific crypto for 6 months and selling it after it has achieved enough profit.

FIVE, five a million times. If you end up doing hedging, you are going to get into way too much risk and hate that much risk, it should be obvious from me using DCA as well. If you do asset allocation that would be fine, diversification is always great, and I would say I would have done that but do it with DCA to begin with, which I am sort of doing anyway. If you do swing, that is as dangerous as it gets for me. And futures are not for me neither for sole purpose of risks involved.

So basically I want as little risk as possible, obviously bitcoin is volatile and you can always lose money but even if it is risky, I want to make it as low as possible, and not something that is even more risky instead. This is why I do DCA and do it for few coins, but mostly on bitcoin obviously.

I guess I am in the bracket of swing trading if that's what they call it.
Leave it for a few days or weeks and just take whatever I had.
The key factor is to not let greed overcome you. It happened to me most of the time before.
The days become weeks and then months as I keep on waiting for another good pump.
You just want to earn more. But that's not a disciplined trader anymore if you cannot control it.

I always use dollar-cost averaging for long term investments. It works for me so far. I just regularly buy some when the price is up, and buy more when it is crashing.

I also use scalping when the market is very alive. When there is so much action, it is easy to get a few bucks using scalping.

I don't trade every hours, I trade only when market is in good shape, there is low bad results when trading in green market compare to unstable market, all I like to do is buy low and sell high, your order might take time to get fulfilled that's why you will need a good coin like Bitcoin or Neo

Dollar-cost averaging I'll recommend, it's the simplest and the most easiest to execute. Basically all you do is allocate a certain amount of funds to use with in a certain period of time, it could be weekly or monthly to buy any asset (coin) of your choice. I'll recommend a monthly schedule since that'll be more convenient for most salary earners, as you'll have enough funds to keep aside for your day to day needs and still have enough funds for investment.

The challenge here is keeping discipline to this strategy and avoiding any distractions that may come in any forum like news on a particular coins getting pumped. After bitcoin successfully crossing its previous all time high, there has been rumors or will I call it shilling of ethereum likely doing the same and you can see the buy pressure reflecting on the market.

Many traders are foming into ethereum so as not to miss this train as they did in bitcoin, if you're on a dollar-cost averaging strategy ignoring rumor like this has to be very vital and keeping to your strategy of buying your coin weekly, monthly or any timeframe you must have set for yourself to achieve your goals.

Wait? Isn't it that opening a short trades means that it is the reverse of creating a long trade in which you are buying at a lower price and selling at a higher price? Thus, if you are making a short trade what actually happens is that you are selling at a higher price first and then buying to a much lower price right?

Or I just misunderstood the concept?

Day trading, short-selling, I have these strategies.
No, I was using the most common strategy in trading buy and sell right away when sees some profit. I'm not a greedy person, I was contended seeing 2-3% gains and it was good enough for me.

Anyway, I don't put myself into trading addiction which working it everyday. I'm just a usual trader that comes when I feel good and when I have time to work on trades that is why I'd never use to hold my crypto too long but instead, I keep it short and sell.

6 or 7 years in the scene and I still prefer dollar-cost averaging and it’s still helping me monitor my investments and keep track of how much I spend on bitcoin for a certain time period. Not probably the best investment method to reach maximum profit margins but it always did the job for me, fortunately. It will help you be the judge to how your investments perform without being overwhelmed by graphs, numbers, and whatnot.

Try to find a strategy that works best with your personality the best. I understand that everyone things there is this one method of trading that works for everybody but that is not true, there are many different methods where you can profit as long as you do it right but some people fail at it because it doesn't go well with their character.

For example if you rush someone who is a long term minded, they will sell at the wrong place, or if you tell people to wait but there are impatient people they will not be able to wait and sell at wrong place.

So, find a strategy that works whatever you feel like it works for you the best, otherwise you are not going to be making any profit at all even with a strategy that proved to be a good one that works for someone else. I personally like DCA and long term slow method, that works best with my character.

Personally I am not very familiar with all the strategies I should choose and apply for trading. However, I am definitely trading based on the current market movements, there is no time to familiarize myself with the techniques and theory of trading strategies. I let my thoughts and trade execution flow in that very second.
I personally am not a reliable trader in using various types of trading strategies, but at least what I do may include one of all trading strategies, it's just that I don't know which type of trading I belong to. :)

There are different trading strategies depending on the one that works for you, As a beginner there is just one basic trading strategy with is buying when the price is low and sell when d price is high!!!

This one is the strategy that I use most because it's easier to use and can be highly effective, the only downside to this strategy is it could be less profitable at times but considering how much it will minimize your exposure to risk it's totally worth it.

For example you can buy the equivalent of 10% of your capital a token/coin that you think will go up in a few days period and if it just kept going down you add another 20% and if it went down again another 30% and so on, but if after the first 10% that you bought it went up in price you can just as easily sell and then switch to another coin/token and use the same strategy there, again it will give you less profit but it's more safe and guaranteed.

Many time i use short selling strategy. When i start Trade i don't wait long time pump or dump. I only focus how can i growth satoshi. I follow market volume when buy this coin.