Bitcoin Forum

For many years of trading ,I have been looking for the perfect trading strategy , but I came to realize that there's no perfect trading strategy but you can create a rule base strategy that works when you decipline yourself and follow the rules even if at the end of your analysis and it finally becomes a lose trade, you're gonna be fine because you followed the rules base system you set for yourself and not trying to beat or out smart the market.
It is known that no one can actually predict the market but we can only react to the current market situation.
     All these years of my trading journey, I incurred huge number of loses and still never give up because I have passion for trading ,
I used most of loses as part of lessons until I developed a Rule Base trading system that works for me called..
                        "CEST"
Condition, Entery, Stops and Target.

Note:This is not a 100% working strategy because there is no strategy that works 100%. In this my trading system I ensure that all terms and conditions are met before I take any trade, Once this conditions are met,
Added to my strategy is...

"DCA" Dollar cost Average

In this DCA strategy what I do is using lowest X leverage and increasing my leverage as the market continues to have a pull back until my terms are met.
  for example..

let say I want to take a  trade on BTC with a maximum of 10x Leverage, my entry will be split into 3 or 5 depends on your trading capital, then I set my first buy order in these method.
A. 1st entry 40k with Isolated margin 2x leverage 20% of my capital,

B. 2nd 38k 3x leverage 30% of my capital and

C. 35k 5x leverage 50% and this is  base on demand and supply {support and Resistance} zone in the market, this is because most at times the market does pull back lower than your initial entry point,
should this be a profitable trade, you will realize that before your 1st entry point you're already on profit even if the trades turns out to be a lose trade it not gonna be same as taking a one time trade at 10x leverage at around 40k.

 Added to this, is Confidence and Patience.

How do you gain confidence?.
You gain confidence by backtesting your strategy with historical data not to check the amount you can make out of the but the amount you can lose and consistency of your trading plan.

 All these with other rules has helped me over this years become a more profitable trader than I was.

True you can gain confidence if you always backtesting because on that way you can see which strategy and what pattern always exist in the history of the market and definitely after that you can build your own system as well,  it just required patience and a lot efforts.

Actually most successful traders that i know even they're good already but still they keep back testing after trading, wherein just to see which strategy still accurate and whats their mistakes as well so that they can avoid it in their next day of trading.

Well said.

There's no perfect strategy but there will be a working strategy for you. Just as you test them out, you'll see if it fits you.

You have to make the strategy of what's really working for you.

That's essential for them as said, there could be some inaccuracy as they apply it so it's normal for them to test it even if they're already experienced and successful.

Everyone should know that there is no perfect strategy, and you cannot get a 100% result. Life is too much of a complicated thing to be that kind of "perfect" or easy when it comes to different parameters in life. There are too many factors to consider when trading, and you cannot accompany it all, just the data in front of you. The best thing is the management of expectation and risk.

Averaging is one way to win in trading, especially if you want to hold it continuously. You don't need to be too concerned about the current price if you consistently buy the asset.

Confidence is built up in time, IMO. If you know what you are doing, then I think you are already safe with that.

The leverage system cited was for example , so I have used this strategy for both spot and leverage trading too.
Remember that before someone could start leverage trading I believe he or she might have had enough of training and trading experience and should know it involves a tradable balance.
  Secondly to have lose a trade is normal.

The history is surprisingly similar, but the results are different every time. Just like the strength of this rebound does not feel like a strong rebound after the decline in the past few months, the strategy must also start to change.

What do you think of these strategies https://cryptogeek.info/en/blog/5-crypto-investment-strategies? Does it make sense to use at least one of this list? Or is this article just for attention?

Without a doubt backtesting your strategy is key if you want to know if there is any chance for it to be successful, but you need to be careful as there are two mistakes that are incredibly common when backtesting a strategy, and those are overfitting and the look ahead bias.

It is very easy to make the former mistake as in our desire to improve our system we have the tendency to move the parameters of our indicators so it produces the best profits with the smaller amount of risks, however you are only fitting your strategy against the data, and when trading against the live markets it will fail.

And the look ahead bias can be even more difficult to eradicate, since you are using historical data this means that you already know what will happen before anything happens, so it is easy to tweak the system to anticipate those conditions and avoid making a big mistake or make a killing with a perfectly timed trade, something that will be impossible to do when you are trading the live markets.

Cost averaging make sense to me, it allows you to buy more and increase your holdings while minimizing the cost so I think this article is fine, though of course you still need to evaluate it.

Creating strategy is very critical, it can affect your whole system so better to have one always and I agree that there’s no perfect strategy, it will still depend on the market situation and on how you execute your trading.

No one can accurately predict short-term ups and downs. The key is to know the possible probabilities of various trends and the corresponding countermeasures, so that you can make more money when you are right and lose less when you are wrong.

No strategy is 100% efficient in as much as the goal is to make profit losses are inevitable so to maintain a clean trading habit once a trade goes some pips above a buying trade or pips below a selling trade emotions and greed should be avoided. Take the little profit available with hope to make more profits some other day. The market is always open for profit but greed can kill even in a profitable trade.

If they strategy works decipline should always be the watch word to keep the profit margin greater than losses. No business survives with constant loss

I buy cryptocurrency every month and plan to keep it until 2030. Can this be called a strategy?)

On point because there are a lot of liquidity in the market, so one should not expect to make the whole profit opportunity seen in the market,  just take your share and allow the rest to play and don't try to gain the whole thing.
     
The emotional aspect is another very key important area to pay attention , if a trader could get his or her emotion under control, I think it will actually go a long way in improving someone's trading Skil.

I appreciate this. It is the right thing to do that we follow a pattern of trade that we take decision on so if we lose we are cool with it and we are losing small part of our money. Going by the capital we have we are not to trade exceedingly and take too much risk that our capital is put on risk. Always we are to do a proper money management to our account. We need to money management in any trading strategy we have and that determines our success rate in trade.

Constant loss in the market is one thing that discourages a lot of traders. Not everybody has enough capital to be able to keep managing with losses that comes with trading cryptocurrency everyday.

In a situation where a trader is experiencing much losses, I would advise that it is best to just take a break for some time and look into the strategies that you are using, and try to learn more new things and see how you can apply them in your daily trade. You can even start by making use of demo trades and seeing how it works out, and if the results you are getting are quite alright, then you can apply it to real trading.

Trading is usually a difficult thing to do, but anyone that has the patience and is able to learn, they would go a long way.  It is very important that we try out different strategies and know the ones that would work for us.

Even after you have gotten one strategy, it is good to know that you shouldn’t stop there, you should go ahead to learn new things and new strategies and also see how they would work, you never know what might work out best for you. And knowing how to manage risks is very important, so that you don’t end up losing too much in the market.

We all know that trading is hard from the start and the learning should always be consistent. And it takes a lot of years before you can say that experience has made you a better trader. But to think that there is best strategy in trading, i guess there's none. We only have to find those strategies that will work on us as we have different methods on how to make trading a profitable one. And once we found that, confidence will be easily built within  us as we find more comfortable to trade if we have proven strategies that will work on us.

Agree! This should be the mindset of most traders especially those who starting to trade. Most of those new in trading or who are just starting are intended to stop after how many trades like how many losses or wins.
They don't know, that's how trade works, that's why there is stop loss/targets because it will save you to maximize your profits and minimize your loss.

It's a good point to always set a stop loss or target in every trader so that they will know about their loss, if your strategy will not work at once or twice, don't let it will happen next, find another one and try.  It seems to sound like trial and error but through this error, you should learn about it and apply it in the next session and avoid not will happening again.

I tend to agree with others there's no accurate trading strategies, all of them are speculating the market try to draw a conclusion which is only predicting the possible outcome but in fact, it's unpredctable and no really knows what will happen next.

In trading, there's is no defined strategy that will make you successful in this endeavor. It will be experience that will hone those skills and knowledge how to react on a certain market. The more info you have for a particular project, the lesser you will incur mistakes. It is always better to continue learning as each project has their own features that your techniques from another project will not be totally applicable to them. If you lost, don't take it as big failure but rather a lesson that you can use for your next endeavor. Sometimes you will encounter situations that are blessings in disguise.

When you are confident about the fundamentals of one trading asset then you must go for dollar cost averaging to ensure that you are missing out anything and also you need to be in race whenever you are equipped with excess funds. People who are aware of the power of regular buying will definitely go for DCA to maximize their networth. Bitcoin must be one of the currently available fundamentally strong asset and your strategy will definitely work.

I believe your strategy will definitely work for bitcoin investment as usually people do suggest about long term holding when it comes about bitcoin and you are already into the same hence I am foreseeing how effectively you will gain profits over the time given that you keep on into DCA.

I have been searching for answers to my questions until I saw your thread this time and it helps me confirmed a trading strategy that I am planning, because I always got stuck, i mean my funds always stuck because of my emotion while doing scalping, FOMO is my number 2 problem next to emotion that made my funds stuck because of all in trading.

I've tried 50-50% split trading before and it is profitable in scalping and daily trading that was last year before the market collapse and unable to rise back, remember most traders specially those futures traders lost a lot of money being liquidated because of instant collapse of the crypto market I was one of those newbie who were affected because the funds got stuck as I'm chasing the dip.

I remember buying every dip but the market continues to dip more than half of the price and digs dipper and dipper adding more funds to buy the dip until I'm out of funds and emergency came at the time there's no more option but to sell low and exit crying! Hard to predict the market at the moment!

I stay away from trading for couple of months and looking for new capital to invest for trading and now I came back to trade but forgot this splitting of capital/funds method. So I've search for someone who does this kind and thanks God I found this thread for confirmation to my question and doubts!

Now I am starting a new crypto trading journey but for now my funds got stuck again -10% waiting for the price to go up, my mistakes I did ALL IN trade last 3 days ago i need to change my trading strategy to split my funds to 2 or 3 division.

When you are disciplined and proactive on following your own predetermined set of rules and timing then definitely you will be getting better chances to make profits rather than losing and regretting. Still I agree with you, when we are too fine with our trading plans, definitely we will be feeling good even on the occurrence of losses because sometimes something beyond our hand do happen to get us losses which can be usually whales' manipulation.

These are emotional factors which might get into our practice over the experience.

Confidence: When your final results are as expected then you will start risking more by believing into your strategy.
Patience: It is a by-product of being confident; when you are confident, you will be able to remain patience.

That would be based on how good your own set of rules is as well. If you are a great trader or you took "how to trade" lessons very well, then you could set one that is great and if you do not sway away from it just because market is volatile, then you will be fine.

However if you are a newbie that took it from some influencer and want to be like that person and keep repeating that, the results could vary and potentially make you lose. Emotional factors play a big role here as well, if there is a method to make crypto, and you just simply have to do it, there are tons of people who switch their decisions just because of the volatility and get scared and lose money.

Actually, there is no right or wrong stategies. It all depends on your personality and interest. I believe that there is no single strategy that can be successful at all times, because no matter what you do there will be drawdowns. As a trader when looking for a succesful trading strategy, it is important to educate yourself constantly. Do a lot of backtest and find out which strategies is sustainable in a long run.

And as no one can predict how the market behave, it is important to know how you handle your strategies, your rules and style for different type of scenarios in order for you to become a successful trader. Keep learning.  ;)

The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.

Indeed. And it was because every one of us has a different market opinion and that's even making use of the same strategy still the results are different.
It is quite encouraging why others got a huge profit but first, we have to ask ourselves then if we can do the same as what they do. And the answer is maybe yes or no. Everything relies on us personally, no matter what strategies we are using for as long as it works find and profiting, I guess we have to sustain it and make use of this until the end.

Well stop loss is very important in trading because it minimizes your loss when there is.
High leverage trading means high risk which is I avoided since I was in trading, new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all.
In fact, there is no accurate trading strategies --it matters always your luck or if you know how to manage the market situation there could ehb a profit.

There are few ways that we trade that are not right. They are just time waiting for a strike on the account and any little opposite direction , the account is out. Increase of leverage is a fast killer. Trading is suppose to be slow pace and gradually you get your cup filled but if you rush you may lo lose all. Trading with out a stop loss mechanism is another factor.

Well to me I think there are wrong strategies and those are the strategies that make you lose more often or if the strategy doesn't let you win any of your trades while the right strategy is when you make more profit than your losses. Before we can figure out which strategy is working and not working, it is important to test them out for some time just be sure and don't judge the strategy too quickly and replace it because you could lose a good one.

No one can predict the market but each of us has their own sense that they follow, someone can share his start based on his own instincts but you might disagree with it and you can blame him if you lose.

Such traders are actually players for whom it does not matter whether they trade on the stock exchange or place bets in the casino. They are willing to risk their deposit to win the maximum profit, but as a rule they lose their money completely.

Taking into account that the goal of every single trader is to make money in the markets then any strategy that fails to do so can be considered a bad strategy, it is true there are different styles of trading and with the huge number of indicators that we have the number of strategies that can be employed are almost infinite, however after you backtest your strategy you can realize if it is a losing strategy and then we can classify it as a bad strategy that should never be used, until it is modified and backtested again and positive results can be observed.

Your strategy looks great but practically isn't viable for multiple reasons. The first assumption for this to happen is the very volatile market is there which is actually giving big rises and drops because market retraces nicely only after a sudden drop or rise, it won't necessarily do it if it goes slowly to the point. The second problem is that you are not considering the cost of funding you will have to pay when you are waiting for the market to come down to 35k, it can take a day, two days or maybe even a week, Will the profit from the trade be able to justify the funding cost you have spent for holding the trade? Third problem is no SL, let's say it is a very bad day and market just keeps on falling, what is the end point you are keeping? What is the insurance for your liquidation point? In case you hit just one liquidation point in blue moon your whole capital is ruined.

Using stop loss is a difficult thing too by the way. If you are doing a small time trading, then you could use it, but if you do it without caring about it very well, then you are going to end up selling all that you have and that is going to end up being risky if the price goes back up. So, you should be careful, if you use it carefully enough, that would be a way to sell at the top, buy at the bottom, but if you use it wrongfully then you are going to end up selling at the bottom and having to forced buy back at a higher price.

There is absolutely nothing that could be done about this, I would suggest that the best way to approach stop loss is being online and checking your levels.

The main point is, since the market is volatile, how certain are you that the market will really be going down as you keep on making use of this dollar cost averaging.? So investing at 40K, you are not even sure whether the market will start dropping from there or if it will go from the $40,000 to $50,000, which at that point would be a miss for you.

At that time it would have been best that you got in at once at the price of $40,000, unless you are a trader who have plans to HODL for a long term. But going for a short term period, I think going all in at once might be a better option if you are top in point a better market price.

Really good that you have developed strategies working for you and also giving out returns to you but the thing is it might be successful for you but for others it could not give the same output as we all have different methods to trade in the market.I will say there is no such single perfect strategy that works completely fine with everybody so if you have made one for yourself then it's good.

Like for some spreading out the investments if good while others simply try to hold it for long term with some good coins like btc so we all have choices which develops our trading habits.

Yes and definitely it is not something easy to find a suitable trading strategy for ourselves,
to find it I think it takes time and keep trying because if we just stay quiet and don't try it will be difficult,
your trade is your journey so don't try to copy what others are doing because it may not work for you

Perhaps, you did it great. Not all traders had found already their working strategy, some just copy other works as they think it will work for them as well. It is so encouraging and even for me, I was not able to make it easy, I'd suffer many losses until I found strategies that really profitable. And I think that it also happen to you as well. Most of the time we come into trial and error in order to know what strategies would work but seems surprising to see that not all the time it works then. I've noticed it is totally depends on the market situation.

Try to find one that you could customize to your liking. You do not have to apply someone elses strategy one to one to yourself because that person is a different person than you. This means that something that works for that person, may not be working for you because you are just different and your approach is different and your goals are different, your talents are different, your desires are different and many other things.

All in all finding one that would fit perfectly for you would be very difficult, not impossible but very difficult. So, just find something that is "close" to what you can like, and try to customize it to your own liking.

Forex trading strategies are techniques used by forex traders to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis or news based fundamental events.

Keep shitposting until you eventually get your account banned.

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@OP, there's nothing wrong in DCA-ing on an asset. Though the asset has to be one that you trust to the extent you know it will rebound despite its dip. Otherwise, it's best to chicken out on a trade/investment you're hodling when the dip isn't severe. It's not all assets one should do a DCA on. That's my point. Again, it's good you rightly acknowledged it that there's no holy grail in trading; there's no perfect strategy anywhere.

Nothing says one can't use Forex trading ideas and strategies in crypto trading too.

When it comes to trading there is not a perfect tool, when the market is ranging a stop loss can be very infuriating, because if you set a level in which you want to sell your coins in order to protect your capital it is not rare for the asset in you are invested to just touch your stop loss forcing you to sell and then the price goes up again and if this happens to you several times it can get really discouraging, however a stop loss is there to protect you from gigantic losses, so you need to keep using it even under those circumstances.

Not only Forex traders had strategy.The most of binance traders also had a strategic trade.The fundamental events for the crypto trading is very sinple, buy at low and sell at high.This will change, when you come to the cryto day trading.Their margin profit will be low in the crypto trading.Day trading was a trading made buy and sell on the same day of circle.Popular trading of crypto trading was a bitcoin and you get good profit from bitcoin.

I see no big difference between forex trading vs crypto trading as they both require deep understanding, and the only difference that this crypto has is it consists of high volatility. And with the help of this volatile nature of crypto, it even helps us to gain more, however, on the other side, it was riskier and even cost a lot for newcomers.
Trading strategies are the last tool that helps a lot and we need to be sure to have one that is effective or else, losses are absolutely we get.

Everyone has different analytical skills, different emotional control and even must have different capital. So we can't follow the strategies that
other people use exactly, just follow the part that we think fits the situation we are facing. Even if we use the same strategy as everyone else,
the results obtained will be different. So use our creativity to change in some parts the strategies that other people use to be more effective
for us to use. The trading experience that we have passed will teach us to find the strategy that suits our needs, therefore there is no need
to panic if we experience losses when trading, because of these losses we can learn the mistakes we made. So we can find a suitable strategy
for us to use, in order to avoid the same mistakes and can generate effective profits for us.

Exactly, I ever thought about my trading is the best one for me, most suitable and perfect for me myself because it really gave me many profits continuously in several trading pairs. However one day, I lost much also because of that trading strategy. I thought about what was wrong with the strategy. And I realized that none is perfect. I should always do some more analysis every time when going to implement the trading strategy because sometimes, the market can change very easily. No matter how perfect we set the strategy, sometimes, it doesn't meet with reality. But at least, we know what's wrong with strategy and we can evaluate our strategy again.
We are also aware that successful trading doesn't only need a good strategy but also other factors that support it as you said. And of course, the management of risk and funds will also support the success of the strategy, including how we can manage our emotion very well.

IMO, this is good enough for implementation, moreover if we are going to do the holding, especially for Bitcoin. At least, it works fro me, but once more, not saying that this is also a perfect trading strategy

I agree, even if bitcoin is a very different asset when compared to stocks the same forces that move all markets are present here, and with this in mind the same techniques that succeed in the stock market should be effective here, now it is true that the volatility of bitcoin is many times greater than what we can see in the stock market, however a good trading strategy should have already a way to reduce your risk when dealing with assets with higher volatility, so that is a nonissue.

We may feel comfortable on using our own strategy but building confidence in it is quite hard as the market condition changes from time to time. This is the reason why consistent learning in the market is very vital because it improves not just your knowledge but enhance you skills and strategies as well. And if you can manage the risk in trading the market, that is also an edge to make your strategy works and make you a successful trader.

There is nothing that will help you more to feel comfortable and confident on your strategy than to keep learning, and the reason for this is simple, once you finally discover how to make a winning strategy one thing you will find out us that it becomes incredibly easy to design other winning strategies, and if you keep comparing the performance of your strategy against other strategies you have designed and your strategy keeps being the one that earns the more money then the more confidence you will develop on it.

No strategies are perfect as they said. They are all subject for success and losses as well. But how you handle your strategies create its difference. If you find yourself consistently learning in developing your own strategy and master it, that will be your edge towards the market. And definitely, your experience will tell it all if your strategy is worth to keep or need to be replace. However, its not just a good strategy that will make you a successful trader, your right attitude towards losses matters too. Losing will always be a part of trading, so embrace it instead and learn from them.

Trading strategies should be more flexible in a way that you can change it easily depends on the market situation. Strategies are not perfect at all buy once you have this you can expect to have a more profitable trades since you are doin this on a more responsible and discipline way. Learning should not stop from one strategy only, create more as much as possible and adopt what works for you, losing is very normal.

Every trader has his own trading strategy, this also applies to beginners who do not yet know what it is. And each trader changes his trading strategy as he learns more theory about trading and, accordingly, practice. So you should not be afraid to change your trading strategy in an effort to get more profit.

Right. Its good to use different trading strategies. All depends on the market and what kind of trader you are. I usually look into signal summary of altfins first and then decide. Most preferred strategies are EMA 26/50, Pullback in Uptrend and Momentum. Go and get inspired by altfins new market highlights or chart patterns, there are always good coins to trade with success.

Pullback sometimes are traps that we don't expect. If you enter a wrong trend then pull back can deceive you to think the market is set to enter. Pull back can be used more for a swing trader on a longtime hours because the market will bounce back to respect the pull back but for scalper and day trader, relying on it can be a trap.

DCA is effective if you do have unlimited funds but we know that unlimited funds do only happens in dreams.lol. Pullbacks or corrections is all we do always wanted but this is something mainly that everything turns out to

be random which means that we do always hesitate on what would really gonna do whether we do accumulate or would just simply standby still and wait for some another good opportunity which you do seem to look at.
Different trading styles could really be effective on different trading moment or conditions but everything would be still on random.

DCA and back testing have proved a lot of times that you will never be in a loss at the end of your trades. But in trading, there are no strategies that will always work all the time. No trading strategy is perfect so you have to improve it or even replace it when it seems its not working anymore. However, back testing may gained you confidence but its still not a guarantee that it will always bring successful trades. The trading market is unpredictable due to its constant changes, so traders should always learn to develop new strategies that will continue working on them.

^ So it means the more you get involved in the market the more that your skills and knowledge will be improved right?
I agree with this matter because as I noticed, the more experience that you have in trading the more skills that you have learned, as they said, experience is the one that brings you into a successful trader. So there is no single strategy that you can maintain to use for a lifetime.

There are an excessive number of elements to think about while exchanging, and you can't go with everything, simply the information before you. The best thing is the administration of assumption and chance. I accept the person could have had enough of preparing and exchanging experience and should realize it includes a tradable equilibrium.

I agree with that because we can't just theory because when we go in and get involved in the market in some way it will be different,
there must be a balance between theory and practice because they are interrelated too,
Yes, we can get experience if we are involved a lot, besides that, with the mistakes we make, it can be a lesson for us to be better in the future

Dollar cost averaging, is a really an effective strategy to make use of, but it’s very important that you find the lowest point to make an entry into the market. Easier said than done, finding the lowest is hard, you’d end up starting at the highest point, maybe when the market is at its peak. It will not be good if you start at high price, so it’s best to wait for the market to drop and then you can start at that point.

Right now, would go be a good point for anyone that really wants to make use of this dollar cost averaging, as the market is now bearish, so you can start investing from now till things start getting bullish and the price of value of the asset you are buying starts to increase.

When it comes to trading there are a lot of things you can learn from books but there are just as many that you cannot learn by any other means but by experiencing them, and the only way to gain this experience is to be part of the market, this is one of the many reasons of why taking a high risk strategy is a mistake, those people lose their money so quickly that the lessons they learned from the market are too few and by the time they comeback they have forgotten most of what they learned anyway, which will make them to repeat the same mistakes over and over again.

Not only that you could change them based on the market situation, but you could change them based on your own preference as well. This allows people to see changes even in profit situations as well, rare but it does happen. Why? Because, if you are required to be very quick and in front of the PC for you to profit with certain strategy but you can't be online all the time, you could change it, or if it requires you to be patient for a long time and you can't then you can change it, even though it was profiting you.

Being flexible in trading does help people out a lot and it is one of the most important parts of becoming a trader in the crypto world.

Dollar cost averaging isn't about entering the market at its lowest point instead it's a strategy use to avoid putting all your money into a project at ones and then the market declines. If it was about entering the market at the lowest point then there will be no need of dollar averaging your investment. If you get a project at it's lowest point then you just have to buy in and wait for an increased.

Dollar cost averaging your investment gives you an opportunity to buy into the market at every decreased the market experiences and reduce the outcome of you regretting buying at a higher price. Dollar cost average comes in handy because it's uncertain to know the actual bottom of Bitcoin or other cryptocurency of your interest.

Thanks for this very good insight, many people don't know what is dollar cost average. It is not finding the lowest point to buy at. It is near impossible to determine the lowest point to buy from. Dollar cost average as the name implies means averaging your investment instead going once into the uncertain market.
For instance, you want to make an investment of $1,000. Instead of buying once with $1,000. You can go x2 leverage with $200 incase the market will deep. When it dips, you can go on x5 leverage with $300. When market goes down again you can buy with $500 on x10 leverage. If the market reverses and wants to run into profit, the last x10 with 500 will give you massive profit even before the market will reach $300 buying point.

There are an excessive number of elements to think about while exchanging, and you can't go with everything, simply the information before you. The best thing is the administration of assumption and chance. The market is generally open for benefit yet covetousness can kill even in a beneficial exchange.

Yes, right. There is no perfect strategy in trading and it is perfectly acceptable to common sense. But in trading, we can try to be able to run as perfectly as possible, which is quite good, let alone strengthened by patience. It is very rare for traders who are able to apply complete patience in trading.

If they are earning already on the strategy that they use, they will feel contented and they are worried that they can lose the momentum once they formulate and try another strategy because that can lose their focus on the first one. The more that they expect for more profit the more that they will lose. Being greedy to earn more is not good.

Beginners don't have their own strategy because their knowledge is still limited but they usually seek for others strategy. They will use it while they sharpen their skills in trading and they will slowly modify this strategy up to the point that they have created their own strategy. They will hardly notice it.

Being patience is having difference from not doing anything, if there is a coin which keep losing its value for very long time with no certain potential then it is good to sell the coin instead of blind hope so you can get some of your capital instead of 100% loss. Meanwhile you can keep making the trades but in long term you won't be having any savings like the investors reap.

This is true, books could be a bit too old fashioned and I do not think that you need books to learn anymore. But online world is filled with stuff that you could learn from. Starting from simple articles, to in depth classes, to youtube videos to courses. You could learn from many of them, and that would replace the books in your saying.

However, the rest is correct, you have to learn from doing things and learning what mistakes you do, which would result with you getting a bit better in the long run. Of course it will take some time before you could get better, but in the end you will learn from your mistakes which is the best teacher.

I agree, but patience is a very broad concept, and I believe you are referring to holding for an extended period of time. Patience in trading is defined as striking at the right time or triggering your trade at the right time in accordance with your strategy, which has been met. Suppose you have three strategies to meet before placing a trade but you are not patient enough and only two of the strategies are met, resulting in you placing the trade and later realizing you have lost your trade.

I try apply this concept with keep patience on trading way, I have lost several time without patience when buying or selling coin actually ever get hurry up when buy some coin although have on higher price. Now I try keep patience when buy some coin and waiting when dip price moment.

Every time when hurry up buy some coin always get bad result with price later dump and drop drastically and now keep patience than have loss more again, some person is not have enough for waiting and patience keep buy some coin although high risk with have been on higher price and don't have time how keep waiting.

All strategies are still subject for trial and error and if they work out, that's the time that we will start developing them. But even how good a strategy is, it won't be perfect and it won't works forever. You should always find another strategy that will suit on you and works on you when you are seeing that your old strategy is not profiting anymore. However, setting a stop loss is more advised every time we trade so that we know when to stop when we are experiencing consistent losses in trading. Minimizing our loss and maximizing our profits instead.

All the strategies are not suitable for all the people. We should follow our own strategy. For this, we should practice more and more experiences are need. Obviously stop loss is a good strategy. Besides it, we should try to sell by taking suitable level of profit.

An excellent thinking of you, you can also get more and more knowledge about trading if you going to change the trading strategies with time to time, because applying the same strategy in the trading doesn't work properly and can be helpful as I think so, and the main thing in trading is that one should apply best strategy for getting more profit with having much knowledge about trading as well.

This is why I have always thought that if a person has been actively trading the markets for at least half a year, it is using a decent money management strategy and they have just lost a small amount of money then that is a trader that has a bright future ahead of them, as after so many months they would have learned a great deal about how the markets move and they will be able to refine their strategy to the point it finally makes them money, making them profitable over the long run.

That's right, when we trade we will be tested with patience. those who patiently analyze the market and never tire of finding the right strategy will get satisfactory results. as you said, can't stop there. always make changes in strategy according to market conditions.

Yes. Having some different strategies makes us easier to adapt to every market situation. When one strategy is no longer effective to use, we still have other strategies to apply. 1 trading strategy may not work in each market situation. A certain strategy that works effectively in the uptrend, probably not work well when it is in a downtrend. That's why we need some trading strategies.

I agree with you, nothing like perfect strategy in crypto trading because price can change at anytime in the market, either to cause traders to make huge amount of money at the moment or cause traders to experience losses at the moment. Common sense is very important for traders to apply to their strategies to be able to identify when to sell to embrace peace from the market and when not to buy than to hold for a bright future to come. It's only those that will embrace patience in crypto trading will not regret when the price finally increase higher to a level where all investors will be smiling with their profits.

Yes with the crypto market constantly moving we can't just rely on the same strategy,
we must be flexible otherwise we will be trapped and we will most likely lose,
finding the right trading strategy is not easy because it takes a lot of time for sure

The correctness of the choice of a trading strategy is especially noticeable in a bear market, since it is very easy to lose your money with an incorrect trading strategy. With a bull market, it is much easier to trade and, as a rule, all strategies come down to the fact that we buy today and sell tomorrow with a profit.

no strategy is 100% accurate, let alone using one strategy to trade with other market conditions. in trading we have to make a strategy based on market conditions. over time the market will always change, so it is very difficult for us to use the same strategy as before when trading. to choose a strategy in trading, do a new analysis according to market conditions, then determine the strategy that you think is suitable and a big profit opportunity.

You can be a good or an expert trader, but you will never come up with a perfect strategy, only a strategy that will work on you temporarily. And the more you work with your own strategy, the higher the chances to end up with a successful trading. However, confidence in trading will not be develop easily, hard work and perseverance in trading will build it in time. But no matter how confident you are, losses will always be inevitable in trading, you just have to be more wise and smart to control and lessen it.

Continuous learning in trading and giving yourself lots of time for experience will certainly lead to develop strategies that will mostly suit and work on you. There may be no perfect strategy but you can always find a good one that will be more beneficial to you. And yes, even if you know you already have one, just keep on learning because the trading market is constantly changing, and so you have to change your strategy as well once you see its not making you profitable anymore.

No strategy in the strategy,trading is made stronger When the market started,kingly check out the movement in the exchange.When the price keep on increasing ,it will be pump market.So if: you can hold  any unsold coin,Sell that unsold coin.Kindly hold  your  memoir or the rate.?.

Exactly, if your strategy only makes you money when there is a bull market then it is incomplete, after all a trader needs to learn how to make money under any circumstances they find themselves to be in, so they need to master bear markets and ranging markets as well, I know it is not easy, as just mastering how to trade under bullish conditions is hard enough, but if you want to maximize the profits you can get from any market then this is something that has to be done.

That means that there is no perfect strategy that can adapt to all market situations. We gonna have to use another if we see it never works effectively. And even to say that this strategy will work for you, doesn't mean it will work for the other traders as well. But I suggest focusing on the strategy that we know gives us profit, we'd rather keep our own and improve it than follow the others strategies.

A good strategy and everyone has a different trading strategy according to their respective compatibility. as a trader, of course, choosing a strategy to do is a difficult thing and must be done repeatedly to get the right strategy. If you are sure of the strategy that is used and it is good, then after that we will be comfortable and confident by ourselves. view to previous trading history will certainly be good to learn which things are weak and can be improved for future trading so find your own strategy and be comfortable with it so that we can also focus and get the profits.

I don't think there is a best strategy that can guarantee us 100% profit, I've tried to find and learn from many experts and have even subscribed to the YouTube channel by paying around $250 per month, but when I tried to do it on the market it turned out to be a loss too, I think for Becoming an expert trader is to choose coins that have long-term potential, after we buy, the next step is to just be patient to hold.

Many times strategy may not be a good profit but if you do a very good research analysis about trading then you can get a good profit from trading. However, many times trading market analysis may not be good, but the amount of loss may be a little less.

The benefits of analyzing the market are not only in the form of profits but we can also minimize risk or loss,
in trading it is necessary to keep doing research and analysis,
crypto market is unpredictable and we cannot prepare only one strategy

What happens is that the skills necessary to become a trader are completely different than the skills needed to become an investor, if you find out you are not doing well when you are trading the markets this could be for two reasons, the most obvious one is that your level of skill is still not high enough to trade the markets and make money with them, but the second reason could be that your mind is simply not geared towards trading, but if that is the case then you can just become an investor and obtain profits that way.

A trend trading strategy relies on using technical analysis to identify the direction of market momentum. This is usually considered a medium-term strategy, best suited to the trading styles of position traders or swing traders, as each position will remain open for as long as the trend continues.
The price of an asset can trend up or down. If you were going to take a long position, you’d do so when you believe the market is going to reach higher highs. If you were going to take a short position, you’d do so if you thought the market would reach lower lows.

Here I understand that if you have patience you can make a profit here and if you lose patience and sell all the coins then you will see your loss there.  You can lose a lot of money. If you do these things at the right time, you will lose. So I think you have to buy and sell these things at the right time.  Then it will be seen that you will only have loss

Trading strategy is what make or mar your positions! Most of what's been said about strategy is correct and addition, emotional state and mindset of trader is equally as important! Sometimes, with tthe best of strategy and time testing backtracking, one could still mess it all up if the mental state of the traders is not in order! The most important tool of trading is our tranquillity most nd and control emotion

I use a strategy according to market conditions. Actually this is too sudden but before that I have prepared several strategies that I have predicted by doing market analysis. If it turns out that the analysis is wrong, I will immediately change the strategy quickly but precisely. Yes, usually profit and loss have become my food, especially when I started trading. I was full to lose, but as time went on I began to understand little by little market conditions, learn from previous mistakes and think long and hard to determine a way out in a very difficult market. fluctuating. I'm sure if you can be consistent all that can be passed.

I have been involved with crypto for the last three years. And I can tell you a little bit about trading strategies. Because it is accurate and I do not have to suffer more than 10% loss in it. So whatever token I buy is mostly a long-term investment, and I have already set my own target whenever I need to sell it. That I have to sell it at a fraction of the price. Now when it comes to short-term trading, I always go out very carefully and decide on a certain percentage of profit. I do not expect much in return. And because of this I have to suffer very little loss 90% I benefit.

If you're a trader without trading plan or strategy honestly you haven't get started and you will end up being screwed .
Most profitable traders are traders with proper trading plan and not only that but also with discipline that follows it. Stick to it so far it's working for you. These tragedy has also given me additional sense in the way I trade. Seem this is only applicable to Future trading.

Obviously there's no such thing as 100 percent guarantee when it comes to trading a crypto. Who are them to predict this market, a god? You knew that but why you insist to subscribe on that channel for 250 dollars?

You only help the scammers there. No wonder why scammers are motivated on what they are doing because there are always people that they can easily fool. Expert traders are versatile and no matter what coins they use (long term or short) they can always make a way to profit. If you are still a beginner, don't copy them but stick first on the coins that are good for long term. You will only look like a hodler this way though.

It must be an efficient way to do strategy and plan an appropriate action to take in a trade, not only discipline but we also have to be able to pay attention from the strategy of our skills trading does need skills that are mastered but whatever way we do it I taste it could be right for you.
Every trading strategy is different, I myself always rely on charts to see movement, there are also factors outside of that such as trends that will occur later, because there are always many issues that are right when trading.

Apart from trading, there is no aspect of human endeavour that you will be successful without planing and discipline. You must surely be screwed if you do. Not every sphere understands the word "lucky". One is lucky only on a lucky day. All the days are not lucky days and besides skill is far superior to luck.

You are only lucky when someone at the other end makes a mistake, then a success dependent on other people's mistake is not success enough. For me, I have already known the discipline and money management of trading, what is remaining of me is the real trading skill which I know I can acquire if I have someone like Raymond Grey.

If you could arrange your own strategy based on what you think market is doing, then that matters a lot and should matter a lot. I do not think that it should be that much of a big deal, because in the end all you are changing what you do but in a way that is impacted by the market.

So, what we need to do right now is that focus on what the market tells us, if it is going down a lot faster than usual, do not buy right away but wait for it to stay around the same price for 2 days and buy there, if it is going up then let it stay there and for a whole week wait for it to stop, then sell it. Keep doing this all the time and you will profit like crazy.

when the price is consolidating, this really makes it a support to buy it. but this will also have a risk, where if it breaks down it is possible the price will go back down. but indeed by doing this strategy, we can minimize losses, and if the price breaks above then we will be safe and see big profits waiting, especially if there is a rally, so we can sell some of it and keep holding it for the medium term or long term, that way our psychology is awake

This is quite important for the long term market changes as well. If you change your strategy based on what it is doing right now, you will profit and that is a great flexibility for sure. However, you should also learn how to change your strategy based on the period we are going through right now.

Something that worked on a bull run at 2017 may not work on a bull run in 2022, that means even on the exact same conditions, you need something bigger and better in order to continue. Obviously it is not going to be great, it is going to be a bit different and difficult to change between periods compared to changing based on market movements, but it is a must thing to do .