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Economy => Trading Discussion => Topic started by: Wallstwhale on May 14, 2024, 10:24:46 AM



Title: This is how i trade often my spot market easy method
Post by: Wallstwhale on May 14, 2024, 10:24:46 AM
I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.


Title: Re: This is how i trade often my spot market easy method
Post by: Oshosondy on May 14, 2024, 11:08:51 AM
Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.


Title: Re: This is how i trade often my spot market easy method
Post by: kentrolla on May 14, 2024, 06:18:13 PM
Appreciate your technique as this may work but also do consider the risk factors involved in this because usually if a coin has already made huge surge then it will go through correction phase and if you take 24 hrs low at that time then you will not be able to gain profit as most likely it's gonna go down.


Title: Re: This is how i trade often my spot market easy method
Post by: Bulltard on May 14, 2024, 06:58:18 PM

I do one coin at the time and i use quite large amount for this.

define large amount please  ;D


Title: Re: This is how i trade often my spot market easy method
Post by: Hamza2424 on May 14, 2024, 07:04:18 PM
Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.

Hmm, I can agree with it, but only those altcoins that are taken from the hyped era, you should not take entries in the trending Altcoins for long-term scenarios especially if you are trying to manage risk for the bear market, always enter before a trend started by recognizing the early factors jumping in pressure can cause serious losses.

Not everyone can afford the spot market, if you relly want to make decent amount from the market without making heavy investment, because in spot what matters is the capital you own to trade, that's it.


Title: Re: This is how i trade often my spot market easy method
Post by: mindrust on May 14, 2024, 07:07:52 PM
Search "gambler's fallacy" on google.

Quote
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event has occurred more frequently than expected, it is less likely to happen again in the future.
https://en.wikipedia.org/wiki/Gambler's_fallacy

That's pretty much what you are doing.

You think just because those coins went down a lot, they can't go down more from there but, they really can.

Let's say we are playing coin flip and we had 100 heads in a row. What are the chances of getting another heads in the next turn? 50%.


Title: Re: This is how i trade often my spot market easy method
Post by: electronicash on May 14, 2024, 07:08:09 PM
obviously, you have to determine the market trend before diving into the spot and futures. but i don't know if it's going to be easy for anyone to be in the futures market. the kind of market where whales can turn the market up and down in the hourly chart just so they can win.

OP's strategy works when the market has a seesaw market trend or bullish market like these days but in the bear market, that kind of strategy is not going to work.


Title: Re: This is how i trade often my spot market easy method
Post by: el kaka22 on May 14, 2024, 08:00:22 PM
Try to look beyond that as well. If you keep trying to go with "whatever went low today, will eventually recover" method, while it may work for a long time, you will face the bear market eventually and you will realize that it is not that simple and it may actually hurt you eventually.

This is why you should open your eyes to other possibilities as well, obviously that doesn't mean that you are going to end up with a great result at other strategies as well, but it wouldn't be a bad idea and you should definitely consider how you could make it better. I personally try to find more and more strategies even after ten years, and just as recent as last year I have found one that was better than what I had, you just adjust it to perfection as much as you can.


Title: Re: This is how i trade often my spot market easy method
Post by: BABY SHOES on May 14, 2024, 09:13:29 PM
Spot trading is better than futures trading but it depends on their expertise which one to do but spot trading is a better approach.

Never keep altcoins for long and set your selling target even if it's not too big because we know altcoins always have a high risk if there has been a decline it will be difficult to recover to the initial price of your purchase, maybe you expect hype and then bullish in the future I know will wait for this moment but we never know when it happens.


Title: Re: This is how i trade often my spot market easy method
Post by: goaldigger on May 14, 2024, 09:27:35 PM
Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.
That's why I still advise if you are planning to hold long term, you should still have the cut-loss price level so you will not be trap for that long if the bear market begins again. Fortunately, we are still aiming to the top and there's still a big chance for us to witness bull trend, averaging method takes a lot of patience and consistency, if you are committed to hold longer, then I suggest to invest with good coins only so you will not be trap on a bad project.


Title: Re: This is how i trade often my spot market easy method
Post by: Zaguru12 on May 14, 2024, 09:44:37 PM
It is a great idea to stick with spot trading only for now it is way less riskier than future trading most especially with high leverages. Then I think find you approach wrong, yes every strategy in the trading space can yield profits but some comes with way higher risks involved. You said you usually just select the coins with a very dip drop in 24 hours and long it, which to me is bad strategy.

Yes base on chart patterns every drop will definitely raise but I tell you this, this depends on the type of project. You will need to also run some fundamental analysis to check maybe the developer of the project aren’t facing long term issues. Overall spot trading on Altcoins is as risky as buying Altcoins for long term holdin, it’s never advisable like that


Title: Re: This is how i trade often my spot market easy method
Post by: lalabotax on May 14, 2024, 09:51:00 PM
I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
Of course, future trading is like riding a roller coaster which usually makes us restless and quite tense doing it. Even though the results are sometimes very promising and potential, the process is quite difficult. Therefore, after going from futures to spot trading, the situation will definitely be very different, including the emotional stress too. Indeed, it might be like walking in the park in a fairly calm mood. It's just that you also have to pay attention to what coins are taken in spot trading first. Because if you take the wrong coin and take the profit too late, in time it will also end tragically because the koi becomes a shit coin.


Title: Re: This is how i trade often my spot market easy method
Post by: Assface16678 on May 14, 2024, 10:43:06 PM
Spot trading will be good for this approach if you do not want to go more than 1x and you are using averaging. But you will still need to be very careful because if bear market comes and you are holding your coins for a long time, it may not be good at all. Altcoins are very dangerous during bear market.
That's why I still advise if you are planning to hold long term, you should still have the cut-loss price level so you will not be trap for that long if the bear market begins again. Fortunately, we are still aiming to the top and there's still a big chance for us to witness bull trend, averaging method takes a lot of patience and consistency, if you are committed to hold longer, then I suggest to invest with good coins only so you will not be trap on a bad project.
Exactly, long term hold or trade could also have its disadvantage because like youve said a trader might be trapped inbthe trade because either the trade is in bearish and of course no trader will sell or close their trade qhen they are at a disadvanatage price, so its important to know how long will you trade and plan the exists if applicable so in short long term trade also requires a lot of analysis and planning in the market and of course you should often visit your trade, I've done long trade that I forgot about it and thankfully it turns out fine, I mean the profit is not that much because I forgot it and I close the trade because I dont see the sense to keep it, so in short, short term or long term needs an extensive analysis or technical qnalysis because it is not that easy to earn and maintain a trade.


Title: Re: This is how i trade often my spot market easy method
Post by: 3la9l_kolbaCa on May 14, 2024, 11:32:27 PM
I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.

Always monitor the market during fluctuations of spot market, I saw recently the strong market corrections which I think not good to pursue when you're holding small amount of coins.
The risk behind it couldn't be controlled if your emotions is weak, so always be careful of your actions and don't rush everything you have in your savings.


Title: Re: This is how i trade often my spot market easy method
Post by: tsaroz on May 14, 2024, 11:49:28 PM
Looking for oscillation is a good idea to buy low. I too am doing that looking at the 24 hour largest fall in price and buy the dip and wait for it to bounce up.
But doing so, there are a few things to consider. The coin you are investing should be a popular coin you have atleast a slight idea about what it is and how it works.
The second thing is you should check news if it's a normal price wave or there are some bad news that might affect the price in long run. Hacks, team failures, large bugs are some reason a coin could go on a bear for a long period. If there are no bad news, it's okay to invest.


Title: Re: This is how i trade often my spot market easy method
Post by: tvplus006 on May 14, 2024, 11:52:02 PM
...In case there is bull market i'll just pick the coin wich is less higher then other altcoins.

In the bull market, even a beginner feels like an experienced trader, since any open order is necessarily closed with a profit. But what will you do when the trend changes and your strategy stops working?


Title: Re: This is how i trade often my spot market easy method
Post by: wxa7115 on May 15, 2024, 05:14:08 AM
I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.
Those kind of strategies work, until they do not, what I mean by this is that you are using a strategy that on the surface it makes sense, but what you are doing is simply assuming that the coin you bought cannot disappear, collapse completely or remain stagnant for years.

But you are wrong, we see coins doing exactly that all the time, and if you were to invest in one of those coins, something that is inevitable seeing that you make no effort to perform a fundamental analysis, you will lose all your capital.


Title: Re: This is how i trade often my spot market easy method
Post by: Wallstwhale on May 15, 2024, 07:22:30 AM
I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.
Those kind of strategies work, until they do not, what I mean by this is that you are using a strategy that on the surface it makes sense, but what you are doing is simply assuming that the coin you bought cannot disappear, collapse completely or remain stagnant for years.

But you are wrong, we see coins doing exactly that all the time, and if you were to invest in one of those coins, something that is inevitable seeing that you make no effort to perform a fundamental analysis, you will lose all your capital.

I don't hold long usually just few days to one week.
And yes i was doing futures with high leverage and lost a lot and won alot.... but spot market it's just easy and i can control 100% the trades and outcome when i trade on spot market that's why the military training need to be harder then actual military mission situation in the real war.
I been training myself with futures and for me spot market it's like relaxing easy.
That's why buy only with 30% max per one trade and use dca method 0.5% only so to make sure i don't run out of USDT i got to think and plan and act like bank If i want to earn like bank always need to have a lot cash reserves and by using only 0.5% it gives me peace of mind i don't run out of cash even the coin will fall down -200% that's how liquity assured i am in this.


Title: Re: This is how i trade often my spot market easy method
Post by: jrrsparkles on May 15, 2024, 07:35:25 AM
I don't hold long usually just few days to one week.
And yes i was doing futures with high leverage and lost a lot and won alot.... but spot market it's just easy and i can control 100% the trades and outcome when i trade on spot market that's why the military training need to be harder then actual military mission situation in the real war.
I been training myself with futures and for me spot market it's like relaxing easy.
That's why buy only with 30% max per one trade and use dca method 0.5% only so to make sure i don't run out of USDT i got to think and plan and act like bank If i want to earn like bank always need to have a lot cash reserves and by using only 0.5% it gives me peace of mind i don't run out of cash even the coin will fall down -200% that's how liquity assured i am in this.


So let's breakdown your strategy when things didn't go in the way you expected like in those few days?

I wonder what is the next step.

Sell at whatever the current price and consider it as loss or do you set stop loss to secure your capital from liquidated, I am eager to know the complete strategy with this random altcoin 24hr pick.


Title: Re: This is how i trade often my spot market easy method
Post by: shinratensei_ on May 15, 2024, 08:43:27 AM
your strategy of buying the dip is indeed good strategy, it follows the basic principle of trading that is buy low and sell high but most newbie fail to follow it because mental exhaustion they just can't seem to invest into a coin that looks like as if its doomed worrying it will go to zero meanwhile a coin getting dumped means that the coin have higher chance of recovering back.
so yes, your strategy does indeed work but until the market suddenly turn bearish then you will more likely to lose your money since you buying the dips meanwhile the market getting even more correction.

as for your strategy of buying a coin that doesn't have rally yet at bullrun meanwhile the other coin have been having some good rally is really true, its just matter of time until some whales picking it up and try to pump it or at least some people realize that the coin is undervalued and then try to invest into it.
but it only works at the early bullrun though around mid to the end phase of bullrun most of coin already having bullrun, the one that doesn't usually just not gonna have bullrun doesn't matter whether you gonna wait it or not.


Title: Re: This is how i trade often my spot market easy method
Post by: Wallstwhale on May 15, 2024, 01:01:21 PM
I don't hold long usually just few days to one week.
And yes i was doing futures with high leverage and lost a lot and won alot.... but spot market it's just easy and i can control 100% the trades and outcome when i trade on spot market that's why the military training need to be harder then actual military mission situation in the real war.
I been training myself with futures and for me spot market it's like relaxing easy.
That's why buy only with 30% max per one trade and use dca method 0.5% only so to make sure i don't run out of USDT i got to think and plan and act like bank If i want to earn like bank always need to have a lot cash reserves and by using only 0.5% it gives me peace of mind i don't run out of cash even the coin will fall down -200% that's how liquity assured i am in this.


So let's breakdown your strategy when things didn't go in the way you expected like in those few days?

I wonder what is the next step.

Sell at whatever the current price and consider it as loss or do you set stop loss to secure your capital from liquidated, I am eager to know the complete strategy with this random altcoin 24hr pick.


If i put just 30% in coin and i keep buying with 0.5% of my capital then coin can fall i don't care i have enough funds to buy it with 0.5% daily it's easy.
Trading is numbers game


Title: Re: This is how i trade often my spot market easy method
Post by: Suman1 on May 15, 2024, 02:52:34 PM
Which exchange do you use for your trading? I agree once you learn how to execute it's very easy to earn from it. Sometimes holding can give you decent ROI, and short term or intraday trading can also share you quick profit however in case of a bear or volatile market this strategy might not work cause in that case you can see more dips and downtrends upon your entry so you must be careful while investing and avoid investing huge amount in a project. For potential projects, I have configured some exchanges like Bitget, OKX Kucoin etc.


Title: Re: This is how i trade often my spot market easy method
Post by: EarnOnVictor on May 15, 2024, 03:48:09 PM
Bro, first, you never told us when you started this strategy, the time you've spent so far using it and the result ever made with it. Nevertheless, if I should be sincere with you, you are actually gambling, nothing more. Though this is a strategy (because at least you can prove it and are constrictive about it as well), but for it to work is the issue. Trading and investment need you to be thorough with some analyses to be able to speculate, and not about looking for the low to buy against the actual trend of the market.

Well, this may be helping you for now, but I can assure you, if you win for a whole week or two, you can't keep those gains and good track with this style for more than a month. So for what use/good? I advise you to find a working strategy that will be time-tested, this is the only way you can achieve your consistent winning in the market. Mind you, with your trading style, what if the market is strongly bearish at that time but misrepresent it? This strategy can only work with ranging, channelling and sideways market conditions.

That is when you can easily buy the low of a bearish market without any consequence. Above all, my brother, it will soon work against you.


Title: Re: This is how i trade often my spot market easy method
Post by: Webetcoins on May 15, 2024, 06:38:32 PM
30% is a large amount of the capital to be used for a single trade, what if you make about 3 trades and none of them work? All the coins or tokens that you have bought go down further and you don't see them going up for about a week or so? We know this is possible in this market, and if that happens, you will have all your funds stuck in the trades and won't be able to make any more trades until the market goes up again.

So even though this strategy might work, it is situational, which means that it can only work in some market conditions and won't work in others, and it can get you trapped in case the market dips after you make your trades. If you say that you won't make more trades if one trade isn't done, even in that case, you will still have to wait until the market goes up again.


Title: Re: This is how i trade often my spot market easy method
Post by: Issa56 on May 15, 2024, 08:58:00 PM
I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I don’t encourage anyone to start trading on futures. If you are planning to learn how to trade, then it’s better you start with spot trading. If you decide to jump into futures trading, you might end up losing everything you are trading with, and you won’t be learning anything about trading. If you want to learn how to trade, start with spot trading. If you understand everything about spot trading, then you can give future trading a trial, but whenever you are trading futures, always know you are taking a high risk compared to spot trading.
 
Your strategy might be working perfectly for you, but I won’t encourage anyone to follow it. What works for you might not really work for other people, and altcoins that you are trading are really risky, anything can happen to them at any moment, and you are trading them on futures. Seriously, you just have to be careful with future trading because you might end up losing everything you have if you are not careful.


Title: Re: This is how i trade often my spot market easy method
Post by: AYOBA on May 15, 2024, 09:23:09 PM
The saying that what has advantages also has disadvantages, so in this case, both spot trading and futures are very good in terms of trading, and they are also doing well if you can have patience and endure with the type of coins you choose to trade on. Because the thing with trading is that if you buy at a low price and wait for the market to rise in the future, you can earn a huge amount of profit that you didn't expect.
But not all people's have that mind to overlook the coins that they are trading on, which is why most people's definitely lose in terms of trading, but sometimes many people's prefer to hold a coin so that they will have peace of mind and won't be thinking of marketing strategies..


Title: Re: This is how i trade often my spot market easy method
Post by: batang_bitcoin on May 16, 2024, 07:16:19 AM
I trade on spot before i used futures trading once you have experince with futures the spot market will look like walk in the park.
I check wich altcoins on 24h lowest so today i see it's TON coin.
I entry in this trade with 30% of 100% funds and i start keep buying with 0.5% daily until I see price goes up enough to sell.
Once done i look another coin lowest in 24h time and i buy again with 30% and after that keep buying daily with 0.5% until price goes up and i think it's good time to sell i sell 95%-99% usually it's good to leave something not sell all but off course i want to get cash as much is possible.
In case there is bull market i'll just pick the coin wich is less higher then other altcoins.
I do one coin at the time and i use quite large amount for this.
Whether you trade mostly on futures or spot, it's always been the spot that don't have that much pressure at all and that's why you can say that it's like a walk in the park.
But if you're going to say that in the perspective that you've been used to the futures, that is because you're profitable. If the time comes that you're not profitable, you'd go back to the spot whenever you can because we're all free to get back in there.
IMO, those that are new or old to the market, if you want a safe approach of trading, definitely don't hesitate to stay in the spot.


Title: Re: This is how i trade often my spot market easy method
Post by: jcojci on May 16, 2024, 12:43:32 PM
That is one method that works well for you. Each person will try to find their own way of trading. The number of purchases they make will also be adjusted to the amount of capital they have. With their trading skills, they will try to gain profits from trading. This process takes time, from determining the coin to analyzing it until making a decision. So if we can be careful in analyzing and patient, we can make a profit, and we have to remember that the profits for each trader will be different. We must not be jealous of the profits obtained by other people.


Title: Re: This is how i trade often my spot market easy method
Post by: redsun114 on May 17, 2024, 05:35:42 AM
Whether you trade mostly on futures or spot, it's always been the spot that don't have that much pressure at all and that's why you can say that it's like a walk in the park.
But if you're going to say that in the perspective that you've been used to the futures, that is because you're profitable. If the time comes that you're not profitable, you'd go back to the spot whenever you can because we're all free to get back in there.
IMO, those that are new or old to the market, if you want a safe approach of trading, definitely don't hesitate to stay in the spot.
Futures trading is never recommended for newbies because it contains a lot of risks and newbies can't manage that many risks, when a newbie gets into futures trading, they will mostly get themselves liquidated and lose all their money because they lack knowledge and experience.

I don't blame newbies for this though, a lot of people on YouTube and social media platforms tend to promote futures trading by showing their profits publicly and when newbies see these things, they think they can do it as well and this makes them start trading in futures.

Newbies need to understand that futures trading is not for them.


Title: Re: This is how i trade often my spot market easy method
Post by: lixer on May 18, 2024, 03:41:59 AM
your strategy of buying the dip is indeed good strategy, it follows the basic principle of trading that is buy low and sell high but most newbie fail to follow it because mental exhaustion they just can't seem to invest into a coin that looks like as if its doomed worrying it will go to zero meanwhile a coin getting dumped means that the coin have higher chance of recovering back.
so yes, your strategy does indeed work but until the market suddenly turn bearish then you will more likely to lose your money since you buying the dips meanwhile the market getting even more correction.

as for your strategy of buying a coin that doesn't have rally yet at bullrun meanwhile the other coin have been having some good rally is really true, its just matter of time until some whales picking it up and try to pump it or at least some people realize that the coin is undervalued and then try to invest into it.
but it only works at the early bullrun though around mid to the end phase of bullrun most of coin already having bullrun, the one that doesn't usually just not gonna have bullrun doesn't matter whether you gonna wait it or not.
It is definitely something that will take some time, and require a lot of waiting if the movement goes the other way, but something that could be done very well. Many people who do chart readings will look at the same thing, when something goes down, there is al likely chance that the indicator will show a recovery, not at every single time which is why this strategy may have some trouble, but it would be quite often.

This is why I think it is quite obvious that we are going to end up with a good result with this strategy as well in most cases. In the cases that doesn't do that well ,we could just end up not really caring about it all that much and look to get out, or do DCA and wait for long term recovery to happen.