Bitcoin Forum

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

I have tried doing this with top altcoins like Ether via the ETH/BTC pair, but truth is there comes a point when markets start to confuse. Sometimes when BTC rises, even alts rise along. When BTC drops, alts drop along.

Other times, alts just start pumping out of nowhere due to news and FOMO like the recent pumps of DOGE and XRP. It's hard to predict such outcomes via charts. Otherwise one of the best indicators is probably the Bitcoin dominance. When it's over 60%, alts seem to follow BTC price or at times, BTC outperforms them. When the BTC dominance is down, alts tend to perform better than BTC.

As long it would worked then stick with it because we do have our own ways on making trades and own ways so it might work for you but not for others.
Be grateful that you do able to make money and able to sustain yourself into this market.Strategies do differ on each trader and i agree that technicals
and fundamentals are really needed for you to make analysis towards your trades not just on making out some decisions and positioning without
any basis because thats just pure gambling.

The OP's technique will only work if he selected valuable alts in the first place. But if mistakenly, he invested in the wrong alts, I don't think he will get the same results. Your strategy is very generic. And it will depend on which particular alts are you referring to. Only few of them can give you good returns as most of them will die down before you can get your profits. If the OP knows that his strategy is working for him, why not use it to his own advantage. Just remember, not all alts are worth holding.

I also don't know how was his strategy is so special, well, no offense to the OP but, that is so basic almost everyone have already done and have been doing. But, good to hear it worked to him so well and that he has bagged good alts before the market soared at this level.

On the other hand, though some alts are not worth holding, I've seen a lot of those considered shitcoins before now soaring so high now. Which gives me second thoughts.

I do not think always good altcoins are moving opposite to bitcoin market. There were occasions they both traded on same directions and opposite directions as well. For example, when bitcoin was trading below $5000 levels, ethereum also trading around $200 from its ATH of $1100.

Overall when money is moving out of crypto space then both bitcoin and altcoins will facing bearish trends. When investors diversify to have balanced portfolio, they do invest with both bitcoins and good altcoins then both bitcoin and altcoins will get into bullish trend which is happening right now.

I guess you might have followed specific coins to maximize chance but in simple overall look, your strategy is not a working one for me.

That is an excellent strategy, but that means that you have had very good vision regarding altcoins and some good luck, because there are many altcoins that have not yet started since 2018, however I know the logic you apply and it is very good What criteria do you take into account to buy altcoins? do you apply technical analysis? Or do you only buy the altcoins that are closest to the Top of CMC? When the price of Bitcoin falls, what do you do is buy altcoins? What happens is that when Bitcoin falls in price, altcoins tend to fall faster, the important thing is to know at what time you can buy that is the lowest point, since if you buy at some point the same altcoin will fall much more.

That is good.
If you can do that, you can continue what you've done before because that can give you the profit.
I am sure that is what other traders did and that is the best way for them to make a profit this year.
The next thing we need to do is rinse and repeat and try to make as much profit as we can before the time is over because when that is over, we will not be able to make a profit again.

When you are trading against the BTC value then you should ignore the profits in terms of USD or else you will make mistakes with your strategies. And its good to know that you had patience to take advantage of downtrend and uptrend on the crypto, so just keep doing what you have been doing.

This is right and it has repeated itself again this bull find after it occurred in 2017 bull. Investors who were experienced back in 2017 got their bags filled too and dumped for profit later. Almost all coins have given profit this season too. I have followed two coins or even three or more, you can name them, tron now at 0.14 from when I started following at 0.05. Of course we have seen doge making a huge and outstanding move from 0.02 to above 0.40, Bgl have also done a price rally and dumpers too advance lol. Is a profiting investment to take advantage of bear and wait for bull.

This is a simple strategy of recycling which is done where you are right by filling the bag when the price is down even though this technique is often used a lot if they are not too much towards their analytical technique.

I think where people really need in this, but they are always inaccurate and miss FOMO which makes them trapped so that I have to be careful, but rest assured if you have done it yearly it means you are comfortable with this strategy.

If this has worked for you then that is good but you are doing something else even if you do not realize it as you are being too vague with your strategy, I get what you are doing, when the bitcoin dominance is high you buy altcoins because you know an altcoin season is coming, and when it seems we have reached the limit of the movement and the bitcoin dominance is low then you buy bitcoin.

The strategy is clear enough but there are many moments in which bitcoin and altcoins seem to be move in unison and that is when it is really difficult to employ a strategy like that as it is not clear what it is what you should be doing at the time.

Simple strategy but will definitely work if you want to accumulate more bitcoin. You don't have to be an expert or pro for you to make the best out of you.

You only need to have the right time to sell and strategy wise as you increase bitcoin in your portfolio.

Yes, just be yourself. Do anything and get things done in your own way and by your own decision. If that way you can make a profit, then go for it. With that said. Be grateful for what you have now. Because it is not certain that other people can do it like you, many of the traders and holders who try the same method but, there are those who actually experience losses. I agree, we have our own way to trade, not necessarily your way will be successful if it is used by other people, and not necessarily other people's ways can work for you. Find out what is your own way of making a profit. Of course, if you want to be successful in any way you have to know the basics. If someone immediately tries it without knowing anything about this method, then it will be very risky, because we don't know how the system works in this way, such as holding coins or trading coins. That's all it takes in the name of basic knowledge or skills so that you can understand what you are doing, how to make the right decisions, you will be able to solve them according to your own abilities.

Don't get hung up on one way to make a profit, if you can use another. Then it will be more profitable for you when your other way is not working well, or when you experience a loss. Maybe in some other way or method you can also make a bigger profit than what you are getting now. But don't forget your old ways. If both can be profitable it will be even better.

The truth is that the cryptocurrency market moves in such a way that no one can grasp it. So no one strategy is perfect, everyone has their own strategy and a little bit of luck if they want to succeed.

How on the Green Earth that worked man?

The scenario in 2020-2021 has changed completely mate. The correlation that you are saying no longer works. All the altcoins do follow the same pump as bitcoin do. I mean there is no inverse proportion now a days. If bitcoin is pumping then altcoins are also pumping at the same time.

Moreover there are many many altcoins who don't even rely on the bitcoin movement since they have created their own economic environment and they play within that boundary only.

It could be just your good luck or time when things turned profitable for you. But, you must recheck your strategies beforehand now.

Your trading strategies are great. It means you want to say that buy when everyone is selling and sell when everyone is buying. I am using RSI indicator for day trading. But find where is the opportunity for buying.

Great advice there, OP.
Though I would like to ask on what "handful" of altcoins are you really looking into, like what top coins do you mostly trade BTC with? ETH? BNB?
Or to be at least precise, top 10?

Yes, I think OP strategies will most likely work but not all altcoins and not all the time and not all the time the BTC and alts are opposite direction. It's more like BTC and alts have the same trend. Learning about the fundamentals then support with the TA will give you greater potential of winning in trading. I know someone that been doing that strategies and it worked. He's not also greedy and stick to his plan to sell when he gain 5% of every trades but need to be consistent.

And the chances are, the holder will sell their altcoins prematurely or waiting for the next bullish season. I find it difficult for impatient people since altcoins don't get easier to recover, unlike Bitcoin.

This strategy could really work for those who never think about quick returns and also those who just only use their extra money for trading. But if a person just relying on the profit that they can get from trading as the only source of income, that absolutely be a problem.

But mostly when bitcoin increase , altcoins also follow. How can you handle such situation in trading? I think your strategy is just good for those who trade patiently or for long term but for short term trader it is not a good strategy.

It is nice to have your own strategy when it comes to trading and having a strategy will help you familiarize yourself in the game and be able to make much better well thought out decisions, and not just make wild guesses without any thinking and then all of a sudden be having issues with your investment that will surely affect your standing.  The most common technique of  them all in the trading book - Buy low, sell high, always worked for me in the past. Once you have accumulated sufficient coins then it is up to you to wait and decide when you will liquidate it.

I agree with everything you said, except with the last thing, liquidation! It's a matter of choice, some people decide to stack dollars, while some of us like to keep profit in more coins, that will not be liquidated anytime soon!
After all trading success depends on many factors, and most of them are individual, time for trading, capital, goals... everyone should get more familiar with the game, with the coins, to prepare some plan that will be suitable!
And in the end, I think most strategies will work if applied correctly and if they are not constantly abused!

Even a pro trader can lose at times, but it's great to see that you have a trading strategy that actually works for you, so many traders lack this and that's why they end up with losses, filling your bag while the altcoins market is done is a really good strategy, just like now the whole crypto market is in red, buying some potential altcoins won't be that bad cause after the correction there's gonna be a pump, i'm not sure bitcoin turns bearish when altcoins pump, I think they both go together but altcoins dump more if bitcoin dumps a little.

When your factor is on your favor, definitely you will get all of the strategy will be working for you. I believe this is what happening with OP. Because, I'm not seeing OP' strategy will be working on all the times because I have noticed both bitcoin and altcoins are moving sometimes in same direction and sometimes in different directions.

So, having this is as a strategy to make use of buying and selling bitcoin or altcoins may not be profitable in all times; probably it may work for some times and I believe only in those times OP had traded and found this strategy profitable

Well, such strategy can work sometimes and it seems the OP have already proven that to be working on his favor. But the market movement is not always into that pattern that when the price of Bitcoin rises, the Altcoins do dump and vice versa. Maybe there might be times that such strategy will work out but not all the time. It will still be depending on the trader himself on how he will get along with the market to work against odds and make things work on his favor since we manageably work on how we can turn things into opportunity whether the state of the market is on a dump or pump side.

The strategy is very common in the crypto traders community but the top alts won't work like that with BTC pair. There are times when BTC is falling with respect to USDT but the alts/BTC pair won't be fluctuating. How you define a bear or bull market depends a lot. BTC fluctuation can sometimes be harder than ever to alts and they start bleeding red too much but sometimes it does not even affect a little.

So, right now you are trading bitcoin or altcoins? Because, I am seeing except dogecoins all other coins were falling yesterday and today even dogecoins also joining the bearish trend. As per your strategy, when bitcoin is falling, altcoins needs to be into bull trend but I am not seeing anything like that which includes ethereum as well. So, I am just curious to know what you are buying and what you are shorting right now.

Buying altcoins at the lowest price was excellent. Buy it when it is not in the altcoin season as it is now, where altcoins are already in a high state.
But I'm going to do it on certain altcoins that have good fundamentals. But it is  safer  for me to  trade  altcoins in  a short time. It can be daily or
three days to a week to take profit. And buy back altcoins at a price correction.

So, within maximum of three days holding, you will be able to see gains on your coins and you are booking profits? How often you are doing? On every weeks? When you are making use of fundamentals more appropriately then I guess there would be plenty of chances for you to be sustaining with your strategy.

But, you must work on technical analysis as well because, you cannot expect always do trade within a range so that you could easily predict the end points of market turning.

You're not in trading, honestly. You are just an investor. These two are different, you'd find it wrong to call yourself.

Anyway, never mind it. Your strategy had been a practice for a long time ago and it still exists until the present times. This is simply to say that this strategy is really working and you have proved it. Nevertheless, choosing the coins to buy is somewhat important and it should be those coins that are more volatile considering that the price keeps moving up and down.

People do really had different approach between investing and trading where the duration do really differs and you can eventually tell but somehow it do involved buy and sell

on a particular level depending on your own trading decision on when to enter and on when to get out which does simply shows the act of trading that's why some people would
really have these kind of thoughts.

Thing here is that you do know on what youre doing and as long you can make yourself sustainable then that what matter most.

My advice is to stick to that position if it's profitable for you. because we know everyone has a different success strategy, if it is appropriate then do it well and do it according to your trading strategy procedures.

Plans and strategies will often change depending on the market situation and sometimes it happens that most people are in holding as their crypto are also in the dump. And some also unable to hold it longer and sell it even though they are at loss.
What OP did is a great adventure in the market and knowing the market position and his analysis worth great compared to others, and most likely, this person has a strong determination to reach his goal in no specific time.

Different people are following different strategies and hence their success also in different levels. I agree we must follow and stick within a methodology of trading which is profitable for us. There will be no point of keep trying something which is not suitable for our risk management principles.

When you are profitable in trading then you may continue with it and when you are profitable with one particular strategy then sticking with that will not disappoint you. But, trying out new things at affordable limit will maximize our survival possibilities.

This and people complaining that they instantly stop loss just because their strategy didn't work.
It happens differently to different people.
I recall back when I traded and I just followed what was on the screen when I watched Youtube tutorials back then.
It didn't work in my end because the video was 2 months old.

basic technique can actually give you profits afterwards if you will put more efforts in it, especially when both crypto has a different direction..wherein a perfect timing to trade. Because at that point you can actually keep alts in your portfolio until you earn a lot  while there's a potential to grow..

Then of course you should jump to BTC when it rose after the downtrend..because just like what i said earlier when they have opposite direction expect alternative coins will gradually turn to red and bearish season will come after.. indeed its like what always happened..
 It requires time and efforts when it comes monitoring the growth rate but.. Its worth it after all.

We need more proof because this might be an isolated case and I don't think that it wouldn't hurt if someone were to try what OP did. I do agree with what @Yatsan says here, it might work now but it isn't a foolproof strategy, you still have to watch out for some signs and most of them do not work well with OP's strategy.

currently it is in alt season so I totally agree to do short trades on altcoins whose movements are active because if they are active we will get the difference from that movement. especially when the price is down, of course we can buy it and when it goes up and it is worth selling just do it, then do it with other altcoins, because this opportunity is perfect for doing what you say.

Buy Low Sell High so what's new on this trading strategy? are you referring to be the only one who does this trading style ?
Actually i can relate on your post because i also bagged some altcoins back last March 2020 when the market falls together with Bitcoin and one of those? that is Dogecoin lol.

having 400% growth is really bringing me best income ever in my entire career here in crypto.

That’s a really good technique as long as you know how you’re going to be using the right way, but if you don’t it’s not going to be working.

The technique wouldn’t work if you’re making use of the top altcoins, because those ones are always following bitcoin on every move, and that means you wouldn’t catch them like this. You can only be doing this with altcoins that has no association in their price movement, and at that you will have to be very careful with the coins you choose, so you don’t buy a coin that will fall and not recover again.

That's just the plain basic strategies dude. It is common as we all know what would be the effect of Bitcoin dominance to the price of overall market. Also, it is only applicable to strong alts like ETH, XMR, XRP, as they sometimes move towards the opposite side of the trend of bitcoin. Understanding Bitcoin dominance could really help you out on what market you could enter at the specific period of time, but not really that effective if you were to trade with leverage or scalp coins.

How do you decide which alts to buy? These days I have seen top alts like ether just follow the chart of Bitcoin and behave differently from other alts. So do you buy smaller alts in this situation? Moreover how do your predict that this is enough down? I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same? But I still doubt how much profitable you have been just by following this strategy and nothing else.

I am seeing lots of people are trying to make use of the metric of bitcoin dominance but not sure about their success ratio. An altcoin is rise or fall definitely not linked with bitcoin nor with bitcoin dominance measurement but what technical and investor sentiment imply. Having strategy  of trading altcoins in opposite direction of bitcoin markets sounds crazy IMO as well.

Could you please enlighten me how and why it will not be effective against leveraged trading? In my understanding a strategy cannot do anything with leverage trading. Scalping is based on very short term trend which will not be effective against bitcoin dominance based trading? I guess I must learn more on this.

It's difficult to look for an altcoin that behaves like that.
Alts have their own market and Bitcoin is mostly paired by traders now with stablecoins for safety.
So, to find one altcoin that moves with regards to Bitcoin fluctuation is like finding a needle in the haystack.
Sure, they are dumped now when bitcoin was dumped but there is no assurance that it's just because of that. There may be different reasons behind it.

Believing is not easy especially when there is no proof presented by the OP. I also have doubts about it.

On a serious note your trading strategy Is really good and simple that even a a newbie can also use same strategy easily and also be successful as well, your strategy follows the law of trading which is buy low and sell high. Buying low and selling high is the easiest way to make profit with less risk applied, but at same time this trade can play with your emotions making you not to take the right decision at the right time, most times you can enter a trade at its deep and it keeps going deep, placing a trade isn't the main focus but the action you take after after your order is picked is what makes your trade profitable.

Actually yes as well as no. Obviously bitcoin dominance is not any price action it's just an indicator created by people. But it's not against the market instead it's towards the market. Bitcoin dominance indirectly takes in consideration prices of all the coins as it's calculated through market capitalisation. It's based on the old market principle in crypto that when btc rises alts stay around or crash and don't rise with same pace but when btc falls alts fall even harder. Alts rise when btc stabilizes. Bitcoin dominance is a lagging indicator which helps tell us that bitcoin is stable while alts are moving.
If you've any doubt about this check out charts of almost top 20 coins paired with stable coins just 3 weeks back. You would see almost all the coins had exactly similar charts in USDT it was just a difference of timmings in all the charts OP tries to catch that timming. It sounds difficult but not impossible.

It finds old but very effective, though.
This is a common practice to everyone, I think and this still exists until the present despite having a new trading tool now. And having a good choice of the coin to buy (probably not shitcoins) increase our chance to double our money or even more. For now that the market seems so tricky, we need to be resourceful in choosing them and I stopped looking for a very cheap coins but I look after those who have a good/huge trading volume.

thankful that you have a technique that can still be used today. In such a situation, we must be able to work smart at reading opportunities, for now I can only carry out trading strategies technically, while fundamentally I have not mastered it. so that sometimes floating happens

Even it is a lagging indicator, I am seeing it is more famous among crypto trader for some reasons. I mean it is famous because it is useful and effective. Traders just need some efficient info (to determine like where altcoins are heading based on bitcoin markets etc) on current trend of crypto markets and I believe which is possible through bitcoin dominance metric. Honestly I never tried trading altcoins with respect to bitcoin markets because I am always believing into P&D for altcoins hence where high volumes happens, that must be the better coin to trade in short term.

I like your strategy. We are a bit similar. I am a long term trader also, many called it as a long-term investor. So when the market is down, I buy all the coins that I found good in terms of my fundamental analysis. I buy Bitcoin and other coins that I think will grow exponentially over a long period. I don’t usually sell all my coins every time it increases in value. I just sell a portion and retain a large portion of it for future investment.

It may be a good strategy but it doesn’t work all the time, there are times you’re going to be very confused by the market , because there are times it’s not going to work as you planned and the whole market, both BTC and Alts, will be going up or down at the same time. When BTC is going down and altcoins are going up, if you wait for some time and make profit with altcoins you can sell them to invest in bitcoin at the lower rate and then wait for it to start going up again, and it does you also sell it.

The market does not always generate same deportment. Sometimes, it changes, sometimes, it does do the same react. It may turn to another way which might perplex traders. But if you keep winning with your strategy, you can continue to follow your strategy. To be honest, I admire to anyone who has a decent income in trading.

The main point which leads you to success in trading, above everything, is money management. If you are able to learn this skill, you will master every market you run into. Do not trade oversize or foolishly enter an order which goes against your rules.

I believe you can do this. There is no definition of trader. Perhaps, in your own mind, you are a real trader

I have rather prefer to get my gain in the future than in two days time, I noticed I have never become rich when performing day trading, I quickly stopped to be taking my profit all the time, also, I have now choose to lock my coin for 6 months not just because I want to get APY percentage but because I want to hodl for a long time while making my profit.

bitcoin's current value is good, so it has a good impact on your trading, but what if the value of bitcoin drops continuously, of course you will lose in USD value, most traders usually use stablecoins as a benchmark, I feel that the price of altcoin follows bitcoin more often than against.

I guess long term is a deal for everyone, it helps you make a profit. While the ups and downs create a big problem for the day traders who get super excited by even 100 dollar increase in bitcoin due to being in 150x leverage or a 100$ drop make them go crazy upset because of the same reason, we are all here like "what? dropped another 5k? that's fine it will go up 10k in a year anyway" and not be bothered by it.

I am so glad that I got into bitcoin right at the nick of time, I would have never bought into it now, but since I got into it under 10k I bought some and have been keeping it at profit for over a year now. This way I do not care if it is 50k or 60k, that is not my money, it is my profit, and yeah sure I could have taken it out if I wanted to, but why would I want that, I can just wait for few more years and take out in 100k+ anyway so it is all fine.

Long term has always been the way to go, I don’t go for day trading because I already know that I am not all that good at that and if I should try it, I am definitely going to be losing money about 90% of the time that I trade. So I just stay clear from it and not try taking the risk. Long term Hodl has been the game for me and it always works as long as I am able to have that patience for the market to grow. Everyone has what does the magic for them ,and some people don’t want to be waiting a long time, so short term or day trading is it for them.

Everyone will have their own strategy at least the strategy that can repeat to get profit that they wanted. Also, your strategy is become familiar previously, many people or trader have known that when bitcoin price up then the altcoin market will make the opposite. This situation can be used by most people to gain profit especially for retail investor.

Including me who has done this strategy for several years ago. But different with your strategy I'll devide my fund first to buy an altcoin when bitcoin price up and buy bitcoin when its price starting to increase. So as when bitcoin price make a sideaway market or even fall I'll start to sell bitcoin and move all my fund into altcoin. So as I'll get double profit from trading bitcoin and altcoin. But, usually I'll choose top altcoin to do that and find an altcoin that has a good fundamental factor because the movement price will be more volatile.

You're sounding like too time effective to multiply your holding. I just wonder because I am unable to predict exactly all the times when bitcoin will be into sideways compared to predicting whenever bitcoin gets into bullish/bearish trend. I guess I must work on technical which are getting me accurate prediction about bitcoin's sideways movements.

Developing a strategy and then testing it in real time will help any trader to make profits regardless of bitcoin is moving upward or downward. Because, our strategies is the biggest tool in trading which should withstand against all market conditions so that we never need to worry about the trend of bitcoin markets.

Actually, every trader has their own ways and strategy to make them get the profits or doing the trading. Every strategy may not work in everybody's effort. Sometimes, what you are doing may not work for me and maybe also vice versa. That is why I am always sure that what I am doing right now is the best for me, based on my own research. And of course, I get it from some considerations gained from several strategies, news, opinions, and also analysis by others.

This has happened to me many times like even some well known strategy which was working for me suddenly got me losses and when I checked with my friends, they also had similar scenarios. Crypto market is a continuously changing one hence there will be no wonder on seeing strategies are differing over the time. We need to accept and change strategies time to time, no other go.

What kind of considerations? I could not get. You mean signals? If it is, I guess you must be doing good. Because making use of news and other analysis will be good but we should not always rely on them.

Bitcoin and altcoins are heavily correlated, we all know that but they do not move at exactly the same speed and we can clearly see this is the case, at the beginning of this bull run most of the growth was concentrated on bitcoin and that is why its dominance was going up almost everyday.

Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.

Trading isn't gambling as such we don't just judge the movement of the coins by mere assumption or imagination. You need to star down a strategy that has obeyed the market overtime. What do you analyze the market with is it candlestick, support and resistance trendline or indicators. Using this isolatively wouldn't even give you a better analysis you still have to combine them together to see a better picture of where the market is going

But I'm not sure what kind of strategy will be useful here when bitcoin and altcoins are moving on the same direction but at different rate. Because what I am trying to say here is, instead of focusing on bitcoin dominance as a bigger thing here for decision making, we can go for fundamental and technical analysis on altcoins to predict its direction; that will be much easier than get confusing about bitcoin dominance as a tool to predict the movements of altcoins.

As far as my experience concerned, there cannot any single rule which will be demonstrating how bitcoin dominance is influencing the movements of bitcoin and altoins and how affects each other. So, focusing on other strategy will be helpful and less confusing.

I believe trading is not what you can just jump in and believe you will definitely start making money there are some basic things you need to know before you start trading to avoid lost of funds, every trader has his/her strategy which they use you don't have to follow what others do just look for the method that best works for you and you are good to go. The easiest method of trading which I know is buying a coin when the price is low and selling when the price is high and that's the most common ways of trading.

I also believe that this is what actually OP do in order to gain some profit but this doesn't mean that their strategy gonna work out the same to you. We just have to find out about it ourselves on how we could deal with this market especially when its volatility is moving unexpectedly up and down.

And I also believe that some of the post above me is worth trying if you really want to get profit and it's just your very first try in the market. The common things people do when trading is to buy low and sell high, that's it but if you want to step up your game and wanted to make gains from the market, I advise you to do some research first, read everything you need and practice it on a demo account.

What you do is a classic technique, because you are basically buying at a low price and selling at a high price. but what we need to know is that the selection of altcoins is very influential on our profits. so I think that choosing an altcoin requires careful analysis

Choosing the right project is the firs thing and yes there are lots of patterns that you can choose while investing to
this market, do your research.

Buy low sell high, the basic concept of trading, nobody wants to waste both of their time and money just to do
nothing right?

It is a good option of trading but too risky .However when the market behave with you badly you can loose more your funds .I think the strategy helps you luckily but i never did such a trade cause it is likely risky when the both market goes on downtrend you can loose your fund .I think we need to avoid such a kind of strategy cause it will not give you long term profit .

Well, I'd say you do have a point. Though Bitcoin and altcoins are correlated with each other like if Bitcoin pump altcoins will do as well and that would be the same if it dumps but not all the time and not on the same phase. I mean, Bitcoin and altcoin are not moving in the same phase it is more like altcoins kinda late or something. Within those time gaps, that would be the perfect time to do that strategy what OP had been doing, that will be the time to make a trade and generate profit.

every trader has their own strategy that they think is good and can provide benefits.

many strategies that can be applied. combined with various indicators to help read the direction of the market properly and accurately.

the strategies used by you are only basic strategies that can be applied by anyone. It must also be balanced with capital management and risk management, but of course trading will not go well.

Fundamentals also affect, learning to read Fundamentals well will provide a good combination of strategies and more accurate.

Trading is not just a theory, but how you can apply it when trading for real.

It is true that trading must have their respective strategies and even combine them with several indicators that are understood with the fundamentals that must be based on them.

If we already understand what has been read in the analysis, it will be easier for us to trade and even be able to apply the strategies that we have, but sometimes this is a lot difficult to understand even beginners who have just entered the world of crypto and in there they just follow what other people say with a lot of use even they only follow a few VIP channels and sometimes there they are just instant, for me this is not a definite experience we have to be able to combine with some of what is understood.

Actually we have our own strategies in trading that we already tested and comfortable with to try on. Here in forum we have talked so many kinds of trading strategies that was proven and successfully used by other traders but that doesn't mean it would be fit with you too. But to be honest to become an effwctive trader especially as a newbie trader it's a must that we should know about the basic. Selling at high price and buying at low price was one but I guess I may add to my list of basic skills that we need to know was the knowledge about reading or analyzing the chart of crypto that you are going to invest.

therefore this is where it is necessary to understand and develop a mindset to be able to trade and create strategies that are suitable for our own trading methods. It is not wrong to follow other people if the people you are following are already professional people or follow and subscribe to the VIP channel, but don't do things instantaneously don't receive instantaneously. There are several VIP channels that not only provide buy and sell signals but explain how to determine when to buy and sell. We need to keep learning and not only focus on the benefits, but how we can improve.

yeah, that's is very important that we are using a strategy that we are comfortable with and working well. Nothing to find another one if we are already contented enough with the result.  Some traders got crazy and find no success in trading because they wanted to have all of these strategies as they think that could help them. But instead of having 5-10 strategies much better to focus on one or two strategies and master them as this is the way to help us succeed.

That's what almost everyone does!

In my opinion, it doesn't matter which currency you are using to trade Bitcoin. The thing matters the most is where do you exchange the Bitcoin, there are some price difference between each exchange and you could potentially min-max it if you are really into it.

I think the core of all this is in that strategy, buy low and sell high, but to establish this strategy you need to trade in the medium and long term, unless the market is starting in an uptrend right now, it is possible that This scenario could occur, usually the accumulation stage in Bitcoin usually lasts around 3 or 4 years, now it is currently in an uptrend stage, many are betting on it, however it is believed that it can reach at least the $ 288k according to the S2F model, which is very popular.

When comparing the Bitcoin market with the Stock Market, the Stock Market its movements do not have much volatility and the important movements occur every 8 to 10 years.

That sounds like too strange because I have never come across any of the trader who are trading through their intuition power. But I believe it will be possible when we are continuously monitoring market movements along with news and events happening around the bitcoin ecosystem.

But, I will prefer making use of intuition power (if I get chances to develop such) along with my technical analysis because having more than one method of trading will be very effective in my experience and having something completely different from other traders will remain highly profitable in my opinion.

This is like the normal thing that a lot of people are doing, trying to leverage on the price movement of bitcoin and altcoins to make profit. A lot of people are doing that, but it doesn’t work all the time, there are times it works and you have to be really good to be able to know what would be the next direction the market would be moving and when to follow up on it, if not you’re just going to be stuck in the middle and lose your money.

But if you can be able to predict the market accurately, this will be working out for you pretty well. If not, then it’s better to look for a totally different strategy that is going to be working for you, you can just go for a full Hodl, which is what I would say most of the people that are here do, they simply HODL till they get that opportunity to sell their assets and make huge profit from it.

You are not anything short of exact my imagination. Honestly I am into practice to develop my intuition power but so far I'm not successful with that. I checked few of YouTube videos to help me but I am into practice still.

I believe we can make wonderful trades if we are having more than one strategy. When we are having multiple strategies then we can get double confirmation for our entry and exit levels which will be more than enough for getting sure and huge profits.

more practice = more learnings

But the life of a trader won't just stop there. We wanted to enhance our trading capabilities to gain more. And one of our perspectives is to find a strategy that could help us to achieve our goal. That gives us some motivation not to stop reading books, watching youtube as these things could give us some ideas. However, it was to know as well that not all strategies work so well, or maybe it works to the others but not us. Some instances happens like that and that also because we are not comfortable using it.

Effectiveness of strategies is completely depending on market condition; when market condition changes, some strategies may not work properly. This is the reason it is highly advisable to go for having multiple strategies at any point of time so that we can cope up against continuously changing market conditions.

Personally I'm not having any big number of strategies but having few based on moving average and pivot point analysis. These are all working for me at most of the times because these are all based on very basics of market movements hence the chances for them not working is very less.

Agree with your point. You need to have multiple strategies while working with this volatile types of market, changing trends affects
each strategy and patterns that you usually use when dealing with your trading business.


There's no perfect one I guess, as the volatility and those big players who manage to command in some point, the nfluenced
that they've brought inside also affects the market.

But as long as you lessen the risk, it's far better than losing more from your initial investments.

It seems that you are having highly effective strategies to trade with. I wish I just want to copy your strategies so that I will not be having any problem when market conditions are changing. Because, I am long time looking for a versatile strategy which will be getting me profits among all market conditions.

At the same time I'm afraid because I read no strategy will be working for all market conditions and I guess it is applicable even for your strategy.

There is no problem, not every strategy can be applied by everyone, if you already have a strategy which makes you profits and makes sense to you then it makes no sense to change it.

However there is a relatively simple strategy that will allow you to capture more profits by using the bitcoin dominance, the key here is to wait for the bitcoin dominance to reach a high or a low point and then wait for a reversal, when we get a reversal from a high point then switch to altcoins, and when we get a reversal from a low point then get bitcoin, this way you keep yourself in the side that is outperforming the other and you can obtain profits in both fiat and bitcoin if applied correctly.

I have implemented the system before, but what has been my problem until now is that sometimes I don't have the courage to step up. my psychology is not good enough to believe in myself. especially if I stepped in, and was already floating plus, I felt like I wanted to immediately end the trade, even though the target was still far away

My trading strategy is intuitive. I know technical analysis, but I don't use it. Perhaps in vain, but mostly I catch drawdown movements, buy and sell later! Has been working for 3 years! Grin

Most of pro traders like you will do panic selling.It should be avoided with a patience.Some panic sellers face the loss all the time.Some will learn from their first experience is added advantage to them.Mostly the altcoin will travel in the same direction of bitcoin.In some conditions,it will travel in different.Now the concept of new road trading is happening.Altcoin and bitcoin will travel in different road now.

You're wrong in not using it, that was your advantage, you can never appreciate TA's if you don't bother to apply what you have learned.
Perhaps, you don't wonder why you often lose as simple buying and selling without market analysis is pretty hard to catch a better price. I'd try that before but it never works, we are just lucky if we can make a profit as mostly it ends badly. I would say that to use it, then you can see a big difference results of your trades.

Maybe the good strategy to do here is to hold asset for years and wait for the exact time for it to reach a good value. For the maintime don't dump it without any purpose, because without analysis can be dangerous for us due to volatile market.
If you're planning to buy while price started to go down, just apply cost averaging technique also with buying when price starts to go upward trend.

I have heard about this a lot of times but whenever I'm trying with multiple strategies, I'm not getting coincidence of entry or exit level. It means there are a lot of gaps for entries based on my different strategies. It is kind of confusing me so I decided to go with one Strategy which is having more accuracy for profit-making.

No profit or loss for technical analysis but for you. Technical analysis must be of the easiest way to make use in trading; if you're ignoring that for some reasons then it is up to you but that cannot be a strategy.

Mostly if bitcoin pump, altcoins also follow, if bitcoin going down, altcoins as well. So, it's difficult to use your strategy but good for you because you are lucky on using that simple strategy. We have different strategy in trading but always remember that no matter what is our strategy, trading is still risky. We need to learn both the technical and fundamental analysis of trading.

repeat each step that if it made a profit it would not be better off at all. because what we know in trading a lot of steps and techniques, if your technique is good it may need to survive, and if the technique is not good make changes.

talking about trading strategies for me is very simple and not difficult, yes, it is enough to buy altcoins at low prices with the help of the analysis techniques that we use,
because this is the bullish season it is very pleasant to trade in mid to long term, yes very simple, but if bearish arrives, I always use the weekly RSI to buy,
because the RSI indicator when it is bearish is what I use.

But, I do not prefer learning lessons for free of cost and definitely not by risking my hard earned capital. I mean free lessons are available everywhere like if we look into this forum then we can find lots of people are sharing their bitter experiences due to lack of knowledge which could be used like what we need to do and what we need to avoid.

Yes, but when we keep improving our technical part along with ever changing market conditions then there are lots of possibilities to enjoy an highly effective strategy. For that, you must need to be a continuous learner so that you can update yourself according to market conditions.

if you are looking for more - see here - https://bitcointalk.org/index.php?topic=5333109.msg56865893#msg56865893

It's good that it works for you, the problem is that will it work when others do it though, I see your disclaimer that you are not a professional trader but maybe if other people were to try what you are doing and they are able to get almost the same result then you are probably on to something.

Yups, I agree. Holding your coins for a long period of time is a good strategy for investing. But you need analysis for this long-term strategy, because with analysis, you can predict where the coin will develop later. At least you have a benchmark for the price to go up to what point in the future, so that you sell it at the right time. Although it will not be exactly the same as the market fluctuation that will occur later, as a reference for the coin in the future it will increase or decrease, you need this. Anticipating steps before something happens is necessary, so that we don't panic too much with surprising facts later, like it or not we have to be ready if the predictions about your facts are correct. Precisely with that you can reduce the impact of the risk that will occur later, even if you find that the loss will not be much, because you already have a benchmark for that, and don't forget to put a limit or stop loss, it will really help you avoid the risks very big later.

Well, buying at a low price and sell it at high, it was a common practice to everyone but I know that the results might be different.
Why? That is because we don't have the same market analysis and we also make decisions base on our understanding, not because the others told us what to do.

And I could say that there is no perfect strategy in trading. And that is the reason why we have to make our own rather than for following other's strategies coz who knows if that will never work on us.

Even though we encourage trading with our strategy but too many people still prefer to use other people's strategies, perhaps people are still quite shy about thinking and don't know where to start, in some cases it still works but it is not an ideal level, if one is interested in spying on others, they should also bring these strategies to a certain editing area, making things their own before applying, the result will make a lot more difference than copying every detail

Yes,  even we are all buying at low and selling at high price level, we are doing that up to the level of our market analysis and we cannot expect everyone is having same kind of market analysis so profit levels, and trading experiences are certainly differing trader to trader due to this reason.

Even in my experience some strategies are not working after some period of using it. Experts are reasoning it with changes in market conditions. So, trading strategy is something we need to update more frequently so that we can have profitable trading in crypto markets.

At the time that he applies that technique, in the case of Bitcoin it is oscillating around $56k, if we buy now and wait at least until the end of the year or earlier, it is very likely that it will reach $100k, this taking into account that the model PlanB's S2F is fully met at the end of the first cycle, since for him, he calculates that the first cycle is there, the second cycle that is calculated at $288k is something else, but assuming that $ 100k is reached this 2021, it would be apply the "Buy low" and "Sell high" and as chances are that after it reaches $ 100k massive sales are expected, the price may go down and you could go back to buy much cheaper ... also applies to altcoins, I think that way is the best thing to do.

Well, there is no perfect strategy but we all know that if someone where to publish a strategy that works like a charm, I am pretty sure that people are going to take that chance to copy those strategy because it was proven. Yes, making your own strategy is a good thing but it's not bad to follow the crowd.

Of course, isn't a bad idea. Mostly newcomers will use copy trading strategy, in fact, I've been doing that before I got my own. And the funny thing is that we make our own strategy like a copy from the old strategies (we are just having some twist).
Anyways, The success of our trading journey is not all about we are having an effective strategy but is it because we are doing good and we are eager to achieve our plan.

Yeah, I forgot that we can do that, I remember eToro highlighting that thing on their advertisements on Youtube. Copy trading is actually good not just for newbies because you can use it to have more convenient way to make money without the worry of having to doing the trade yourself.

I am.following one trading strategy this is buy dup and sell high. This strategy isn’t hard to all, so try to find out the lowest value of a coin buy it at dip and try to sell at the peak.

It's difficult to anticipate such results by means of diagrams. Else perhaps the best pointer is presumably the Bitcoin strength. The following thing we need to do is do this process again and attempt to make as much benefit as possible before the time is over in light of the fact that when that is finished, we won't make a benefit once more. That is everything necessary for the sake of fundamental information or abilities so you can comprehend what you are doing, how to settle on the correct choices, you will actually want to tackle them as per your own capacities.

we have different skill to understand which level called as top or bottom. beside this technical factor we must prepare about non technical factors too like mental. best strategy will not make us survive as long as we still be weak hand when facing high volatile market. too many traders focus on technic factor and forget on other side.

Buy the coins that you believe in and have an understanding of before buying or trading them.

If your strategy is to listen and read others' thoughts about such coins and it's part of your strategy, don't always believe what others say. I've noticed the unstoppable suggestion of buying those hyped coins that are par with Dogecoin.

And that won't make a lot of millionaires instead, it will make a lot of cry because they've just overheard and listened to a stranger.

Collecting ideas and other's opinions gives us some insights into what we have to invest but along the way, it is in our hands to decide which one feels better. For a number of coins in the market and may were still coming, it could be pretty hard for us to decide if we don't do any research. That is why I encourage people to do this before making an investment and if we are new in this, better not to get rush but make have to please yourself listening around, and try to solicit some ideas from others.

It is very much recommended to do it before investing.

Because you're equipped with knowledge and idea if you're going to do it and you're not the same as the others that only invests with what they've heard without further information and research.

And that's a bad type of strategy in investing.

I always buy Altcoins when I see the up-down price of Bitcoin. When Bitcoin goes down, the maximum coin goes down. Then I can make 20%-30% profit in a few days.
But lately, I prefer to hold. If you hold, it is possible to make several times profit.

It is only for those people who don't have a trading idea mostly buy low and selling high is the basic thing mostly for the newbies but of course, if you learn how to make technical analysis and market graph you can make an investment at the exact dip and the market reversals this might prevent you to lose and get the accurate idea when is the real dip and not just an after shock dip happens so don't stick with the buy low and sell high only try to analyze the market too.

A good strategy, that's a sign that you are proficient in determining when to sell and buy the right coins. With this you can easily dominate the market. Many traders still have difficulty in determining the time when trading because the consideration process is not stable. The important thing is that you don't be careless and greedy when the market suddenly rises above the forecast. Stick to your pre-considered goal. In the market you have to move quickly and precisely because the market is easy to change at any time.

I wonder how this strategy has worked for you for years because I have tried trading altcoins in BTC pair but it hasn't worked for me.
If we stick to one pair and keep trading on it for a long term may be then we might be able to make some profits.
Crypto is hard to predict and it really becomes difficult when we are actively monitoring prices everyday.

There area unit several wonderful commercialism methods out there, and buying books or courses will prevent time finding ones that employment. several traders pay a whole bunch or maybe thousands of greenbacks searching for a good commercialism strategy, however commercialism also can be a "do it yourself" career. Building your own are often fun, easy, and astonishingly fast.

A businessman need to strategies on how the business Will improve. Strategies like rebranding, repackaging,try to generate a great business idea which is essential for pre- requisite, be innovative, be creative with this I think you will hit it big as an entrepreneur.

This analogy got my attention, well not many will understand this example but as for me I perfectly get your point, all business need improvement and branding and trading too to make a steady profit one need to come up with a good trading method to act above the market uncertainty, in other words, creative improvement and skill development is an essential aspect of trading.

Trading is a never-ending competition, same with business anticipating that your competitors will adjust whenever they feel something that affects their business, so with trading, traders will keep on adjusting each time they experienced a negative outcome with their trades. Strategy and clear minds need to coordinate from each market movement.

Each time that changes take place, you have to observe and before you act make sure that carefully studied the all the aspects.

It helps to avoid making bad decisions, and it will be establish you as a good trader, whatever circumstances you always have a better outlook.

It's great for you to find a working method in trading cryptocurrency but keep in mind that many people can't follow like you, maybe you can give us some tutorial video so we can get some insight on how to do it. I'm just always filling my bags when bearish is happening and this opportunity wont come two times.   

everyone will have a different trading style according to their comfort and what is needed is to increase your knowledge to get a strategy that suits you personally. that way we can carry out trading activities with pleasure. the thing to remember is that we trade is our transaction with the market, and has nothing to do with other people. therefore all decisions must be based on our personal initiative

You already doing good for buying when the dip comes.

It's a known strategy but many can't follow because of inconsistency. But be consistent with this strategy and just as what you've said, there are the others that can't follow this strategy.

They're making themselves confident to what they're doing and whichever works for them, they'll stay using that strategy so be consistent with it.

As long as the strategy is good and profitable then that's a good thing but the strategy will be more profitable if we can indeed choose good altcoins, at least altcoins that already have good prospects so that they can minimize the decline. choosing an altcoin with good prospects is not that easy, we need to research first to ascertain whether it is worth buying or not. everyone certainly has a different strategy depending on how they manage and the reciprocity is whether it is profitable or not, what is certain is that the strategy can change following the crypto market

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Not all would really be successful into this career which means neither you would missed out or not then for someones who do able to sustain themselves into the market

then its well done since  this condition isnt something that someone could achieved off easily thats why consider yourself a good trader when you do make out profits

despite of these price volatility and unpredictability.Strategies would vary into each person or trader but we do still share up on the same goals.

How is it possible? ??? As we know that crypto market depends on the BTC movement. All altcoins follow Bitcoin when Bitcoin rise all altcoins start rising and when Bitcoin dump all altcoins dump.
My strategy is very simple, I invest when the market gets dumped and sell when I get enough profit.

I always monitor the price of coins, I buy them at low prices and try to find prices that are rising again, I have some coins, but not all coins I trade briefly. There are some of my coins that I invest in long term and short term. We have to prepare this because usually the long term is more profitable.

Set Aside Time, Too. ...
Start Small. ...
Avoid Penny Stocks. ...
Time Those Trades. ...
Cut Losses With Limit Orders. ...
Be Realistic About Profits. ...
Stay Cool. There are times when the stock markets test your nerves. ...
Stick to the Plan. Successful traders have to move fast, but they don't have to think fast.

we all have different trading techniques and different ways of dealing with a very fast moving market, all these different things I think are very reasonable even though in the same goal we want to achieve profit. There are many technical trading theories which overall are very difficult for us to apply in the market.
I think there is nothing wrong with our trading techniques, maybe the most important thing that we must control properly is the emotion not to be greedy, the rest I think all techniques will give profit at the right time.

Not all are meant to succeed only those who really have that right mindsets and skills who can convert their efforts to a good money making system, if you will dedicate your time studying all grounds that affect this business, the chance of creating a good system that will work while you are inside this market.

Strategy helps you to anticipate your entry/exit position, with a working one you can buy and hold.

In hope that the market will favor you, not an assurance but a good way to extend your patience when you have sets of
plan when participating in any trade.

We do really have our own ways and we are the ones who do know on what to do whenever on what condition or situation we are facing in and we know that there are lots of types which you could make use of and its true that there's no such thing about trading strategies that would give out 100% precision that's why its no sense that you would be copying others strategies.

Also you could see all of those stuffs online if you do tend to research and you know that this isn't only the factor which you do need before you could make out profitable trades.
You would need other into consideration like emotion and stuffs.

I don't think this strategy still work in the market now, the market sentiment has since changed, it's like majority of Altcoins price movement is in tally with the movement of price of bitcoin though lagged a bit behind, the movement of price of bitcoin is like an engine pulling all other altcoins, thus I usually monitor the price of bitcoin first before taking a decisive action of trading any altcoin/ USDT pair, basically my trading strategy was built around this technique of price movement and Price Action in sharp contrast with altcoins price movement in opposite direction.

I think that OP's strategies still work even the market is changing. Buying altcoins during the dip is literally a good idea then unless you bought useless coins like meme coins as this is no way to make it profitable. Perhaps, I've been using this technique very often, I bought top-listed coins in the market at that time, then just hold waiting for the recovery. In fact, this can also be applied to Bitcoin as well. It has no difference and even we can say it was a basic strategy but this really works.

Interesting tehnique ... a friend of mine explained this to me .... its because when bitcoin rises people sell altcoins to invest in BTC .... and when BTS is pretty high people start selling on profit to invest in altcoins because they re low...this result in altcoins growing and BTC dropping.

This can only be possible with stable assets and Bitcoin is the coin that can guarantee the source result, bitcoin strategy is easily understood to flow with the market trend, and since Bitcoin control another trading asset such as other altcoins. Bitcoin market strategy can work with all the markets as the movement of their market depends on Bitcoin only direction it take.

Yes, I agree with you, this is what most traders do and they also make profits from this way.

I believe when it comes to trading you do it the way you understand better.

It's guarantee in the long term but some newbies might take it wrongly that after investing in bitcoin, they may get an immediate result positively as said for being guaranteed.
They have to understand that whichever strategy they try, it takes one time to tango and they have to flatten their patience for so long. It's always like a dry run, a lot of tests for making one strategy to work effectively whether long term or short term.

Broadly speaking we must know the meaning of the trading strategy; a trading system with a clear set of parameters, which are then used to generate trading decisions to buy or sell and when or at what price to enter and exit transactions. Using the basics of fundamental and/or technical analysis.

nowadays many people use trading according to what can be done and it is clear what is best for them, can be trading news, day trading, scalping trading etc.
in my opinion it is clear that I prefer daily trading even though we need to continue to pay attention to the movements of what we are trading, but the achievement is faster even though sometimes it can also be lost because we are not careful.

The good thing here is that it works for you. The problem is that it works when others do it. Although I see you alone in claiming that you are not an amateur businessman, maybe other people will try what you are doing and get leaders.  Almost the same result can be assumed that you also have on everything

I don't always believe in all these trading techniques as their never guarantee steady profits and again this may work for the op but may not work for me since our experiences differ if the op can give more detailed information on the way him/her applied this strategy to gain profits. Just like a step to step guide.

It isn't easy to follow a certain strategy, and you are right even the strategy works for other people but not for everyone, you can use it as basis and try to study if that also fits for your trade or if you can customized and makes it workable, things always rely from how you see the business, if you are keen on learning more in-depth details you can gain good outcome.

If you are willing to go deeper, all the information can be sorted and pick whatever you think is valuable while doing this business.

It a good strategy though, so far it working for you for now, but I think this is working base on what you have in mind in making your investment, maybe you're looking at the long term, so assuming we have a Bear market that could last for over 3 years , what would you do in such situation?,
because this won't work for someone that wants to cash out his money in the next 3-6 months it  won't have the patient.

I check the link and I think most of it are not a strategy but just a basic guideline here in crypto. If there are few on your list that I think a real strategy I think that are the DCA and riding the wave. Those who are in the market already for a long time already know most of those things.

For the newbies it's okay if they cant follow all what is written but they can start on the very basic first which is securing asset storage. We should not easily blame our strategy because we think that it wasn't working but we should remember that the outcome that we will get is also depend on the coin that we choose. A working strategy can fail too sometimes but let us not panic and let us not change it for a while.

Everyone has their own strategy and I have seen some crazy ones that worked and a very logical ones that ended up not working at all. I do not know what could be the reason why we are seeing something from everyone to say "this won't work" or "this is good" because we have seen all kinds of crazy methods before.

Anything can work if you are on the right side of the trading world, doesn't mean that you will be, but nothing guarantees you profiting as well as losing. So just do what you want to do, do it in a way that is cool for you and in the end we are talking about making profit. That doesn't mean that you will at all times, but you can at least adjust it.

Well, the strategy is really for long term and he's said that when the market is down and likely in a bear market. It's the time he's packing and getting more to fill his bags.

It could also work for short term investors and traders. But we have no idea if there's going to be an accurate time that it will work on it as strategies are likely to work or not at the right time.

Trading is based on your strategy. Don't trade with emotions. For you to start making profits in trading. You have to learn to avoid greed in trading. Greed has pull down so many traders and liquidate so many traders trading account. For starters, set your daily targets, once the trading reach the target, close your trade for that day, although some individuals practice long term investment, while some choose short term investment. Long term gives you Hugh profits while short term gives you profits which you would use from day-to-day.

I do believe that there is a good chance we could end up with something that is beneficial for everyone. I believe that we are talking about emotional traders who lose money but they do not just throw that money down the toilet, they are losing it to veterans.

It means that either you are a veteran who knows what they should do and take the money from people who make mistakes, mainly newbies or you are a newbie who loses money but has a potential to become a veteran in the future who will make profit. So, everyone has something to look forward to and emotional trading is something people do for not too long, they will learn to be better given enough time.