Bitcoin Forum

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

Stick to your plan, i.e., once a sl is decided by you before you even enter the trade, dont try to shift it more lower/higher later and just stay with one or two coins (mostly BTC and ETH), a lot of variations can f*k up your strategy as all other shtcoins are highly manipulative and give insanse wicks every now and then unlike btc and eth. You cant wait for a candle closing if it wicks to your liquidation price before you can even think of closing the trade (on 2x lev as well on alts).

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And make sure you have a good source with you in hand for all the future news, becz no matter how well a TA based strategy is, news and fundamentals play a major role!.

The most popular strategy in the community is to buy cryptocurrency when the price is low in the market, and hold to watch when the price will increase higher before you can release what you are holding at the moment to achieve something special from the market. Personal research is another strategy many traders used to overcome losses, and embrace profits in the future because the moment you Carry out your personal research before investing on a particular coin, it will be difficult for you to experience failure than to achieve success at the end of the market.

This strategy never makes one lose which can not be obsolete like OP is saying. If he is trading constantly either in the spot or futures, that might not work well because this bear market is well affected by many outside factors like the government trying to fight inflation, war, and CBDC replacement for the cash.

Some say this recession is not just causing this bear market to extend up to 2024. Trading strategies will not work well if the market is very much manipulated.

I think you need to understand that in trading, It’s not just with the cryptocurrency market, but also the stock market, and knowing that the stock market has been around for years so long that many of us members here are not yet alive. Still, systems have been developed to take advantage of the market and profit from it, so some strategies are proven to work in some time, but the market still dictates what would happen.

If we are talking about efficiency and constant use of strategy, I think the best way to do that is to use a trading bot like Gunbot (https://gunbot.ph) to be consistent and manage the risk accordingly.

In terms of the market, we need to adapt to what specific demands we are having now, so I think the best way with that is also to learn what different markets are there and what appropriate strategies are needed to put to work.

The are just few crypto trading strategies that can make profit possible for you and they can not become obsolete. Newbie traders that will become successful have to know one or two of the strategies.

This is holding, not trading. Holding and trading are different entirely.

Investing means holding too, not trading. Personal research is also not a strategy but a knowledged seeked for to know the right thing to do to do something correctly.

There are successful traders that do not make use of bot.

If you wanna become successful in crypto trading don't be too haste to make profit or thinking is a get rich scheme which after you funds your account you began to make profits. Now from my ends whenever I think of trading I only choose some few coin like TWT or ETH and BTC place in an order with just little changes maybe $3 to $10 TP and if triggered I go with it (consistently) you could make out something good while trading which is mostly called scalping while others may calls it DCA.

I don't think there is an obsolete strategy but when the volatility seem as if our strategy is not picking profit anymore we should understand that it is temporary. Like for instance during this season of ending of the year, we should not expect that market will be stable so with the rush, volatility will happen and support or resistance levels won't be obeyed. I think such times, staying out will be better but if we want to continue maybe to adjust the strategy can help.

To continue trading without going obsolete, mastering what ever strategy that has been productive in the past comes first. Sometimes the strategy didn't just turn out obsolete, but it was ignored. At times too we expect the strategy to do what we want and we forget we are meant to follow what the strategy suggests we do. It is simply with what ever strategy trading the obvious will make our strategy look reliable has long has we trade them the right way.

Efficiency depends on your holding time period and buying/selling price so the concept is really simple. All you need to do is buy low and wait until the price reach high then sell it.

So the complications occurs when you do it more often and trying to reap more profits like 2x, 3x or x amount of returns in short time then you will be trying day trading and in natural the price of cryptocurrency is highly volatile and speculative so its impossible to find the price movements accurately so the consistent in making profits will never be possible.

Continuing to trade without becoming obsolete is always learning to analyze to update yourself with situations and conditions in the market. If you can analyze every market condition, you can enter the market at any time and determine when to buy and sell to make a profit. But this is not easy because there is a process you must go through, and it takes hard work to master every way to analyze market conditions. By continuing to learn to analyze market conditions, you will know what is happening in the market so that you can be calm and wise in anticipating it.

What do you mean by trading strategies if you are talking about it as a general term like DAC, support and resistance points, some technical analysis, it is better to wait for a long time before you start evaluating the quality of the strategy.
As for trading strategies that imitate a specific policy or what a specific person or investor does, it is better to evaluate them in a shorter period or start with your own strategy.

Rulebook is the answer. By creating a rulebook, You can guarantee that your trading strategy will always follow on the format that works on your trading style rather than trade base on your feeling or thoughts alone since decision making can be affected by emotion so even if you have a good strategy but you have a weak feelings control then your decision will always vary to a inconsistent result.

I guess you are suggesting that improve strategy base on what is working on current market condition but adjusting your own strategies will take time to to calibrate since market volatility is high and unpredictable. Having a fixed strategy is still the best and just rest in case the current market conditions doesn't fit to your current strategy.

The answer is how capable you are of mastering all kinds of trading strategies. Because achieving efficient traders with successive profits is not an easy thing to achieve. There needs to be synchronization between your understanding and what you trade. Even reliable traders are not always in a profitable position, those who have mastered all types of trading often deviate from the profit target in the market. Therefore no trade is truly efficient without involving losses.

According to me no strategy works the second time. Everything that matters in trading is pure luck and good knowledge. If you are able to make good calculations and estimations then definitely you will minimise the risk of losses. I know some strategies reduce the risk of losing, but that’s very rare. So yes in order to trade you have to give time to the market and analyse it correctly. At last invest that you can afford to lose. Hope this helps you OP.

Find your best trading strategy, and do it consistently. There are many kinds of strategies that are used, and all of them can be studied and find out which one you feel is the best of the various strategies that exist. I will make a comparison here, maybe we see a lot of successful traders with the strategies they use, but those strategies don't work with us. Now here we must realize that the same strategy with other people will not bring the same success either. So basically we have to find and understand the strategy that we will use.

Just focus on your own strategy and ignore the noise of the market, there's a lot of fud and hype in this market so if  you get distracted, you might experience a bad trades. The only way to reach your goal is to be more consistent, and if you think your strategy is not working anymore then try to create another strategy and use other indicators to confirm your trade. If you are just going to depend to anyone with your trades, or any signal group then expect to lose more money and expect not to be effective in trading.

Loss and trading are interconnected and it is impossible to separate them because they are one unit. This can be minimized with a trading strategy from the results of our analysis of the market. But how efficient are the strategies we use? nothing works 100% of the time. Not only strategy, we also have to fully understand the aspects that are in the market. Strategy is the final step before we finally execute a market. Especially for beginners, it will not be as easy as it looks, maybe in theory yes it is easy, but in practice it will be mentally draining.

Stick with your own made analysis (dont make yourself boggled up with other speculations around)
Dont really be emotional (normal for a human being but dont tolerate it)
Never make yourself easily get dragged with some Hype or Fud
Be versatile (Market does move randomly which you would need to adjust)
Dont hope or be desperate ( If you do have these emotions then you are most likely to fail)

Managing ourselves within our crypto ways and methods would be entirely be depending into you.The more experience you do gain the more awareness you could have
on trading world.You cant really just make yourself that too confident on every actions been made since this isnt something simple that you could deal with.

The only way to not experience a loss is to not do trading at all or any activity which has a risk on them. The only downside of it is that you won't also grow or gain anything. If you are the one that formulates your strategy then you will know its effectiveness. Having a strategy is better than trading randomly. That won't differ to gambling anymore.

Yes, there is no such thing as 100 percent winning rate strategy. Can't imagine if someone has that then they are now the richest person in this world lol. Building a strategy is not easy most especially for a beginner but it is worth it because like you said, a strategy can minimize our risk of losing or can increase our chance of earning a profit.

If you are not really able to deal with pressure in trading and are not ready to experience losses, then not trading is the best thing and focusing more on long-term investments because it is more worth it.
We have to be aware of our own condition whether we are capable or not, if indeed we are unable to do so, it would be better if we don't do it because this requires real mentality and learning, not just reckless capital to go straight into the market.
But most people don't look at it because they think trading is a quick way to get profits, so they don't realize that their qualifications are actually still very low and they haven't been able to do that.

That's a great point. The crypto market is constantly changing, and what works today may not work tomorrow. In order to stay relevant and profitable, it's important to keep up with the latest trends and continuously adapt your trading strategies.
Tips to Stay Relevant in Crypto Trading:

• Stay informed by following credible news sources, industry blogs, and experts on social media.     
• Join a trading community to keep up with the latest trends and get support from other traders. 

• Continuously learn by attending webinars, reading books, taking courses, and attending conferences.   
• Use trading tools and software to automate and optimize trading strategies.   
• Keep a trading journal to track and analyze performance, identify patterns, and adjust strategies accordingly.   

These are the best advices that I got from reading the trading in the zone by Mark Douglas. He said that 1st you must accept and embrace the risks, a lot of traders are having a problem analyzing the difference between a risk taker and also embracing the risks. You can be a risk taker even though you did not embrace the risks. The goal is to embrace the risks every trade. 2nd is we should be aware that anything can happen, wherein there are no guarantee trade so the 3rd will comes to play wherein we should predefine the risks in every trade. We should compute and be aware to how much money can we lose and if it is okay for us, if we did not pre define our risks then there is a chance that it may lead to financial disaster. If we folow those 3 advices we can be a consistent winner in our trading journey.

Even following those steps but apart of trading is losing. May it helps us to earn more but thinking about consistency in making a profit, that was impossible in a volatile market - experts can prove that. That is why we have this stop-loss strategy to minimize losses when missing the best position.
Risk is always there but a trader must have to carry and embrace the situation because this is the only way to help controlling our emotions. Otherwise, we are not suitable in this place.

Your strategy will not become obsolete if you continue to develop it. The main goal in trading is to be profitable, so when you are no longer making money or are losing money, that only means one thing: change your strategy in order to be profitable. It's as simple as that.

I have been into cryptocurrency trading for almost two years now and my strategy is quite profitable,I am using basic support and resistance in combination with patterns .No strategy is perfect in trading just stick to the one that is much simpler and more consistent in order to make constant profits.

The factors contributing to market stability have been resistance and support, a pattern to strictly understand fully. Even though two years is not much time, the experience you gain will help you make money in the industry. In trading, experience is the most valuable instrument because it keeps most mistakes from happening again and allows for the development of novel ideas. The market dealt with me specifically during the bear season because I refused to accept the news media's downtrend lines and wanted to increase the value of the stocks in my portfolio.

That is because the market does not stay on one position so we also need to keep up with this change by modifying our existing strategy if we only have one but others have already prepared different strats so that they will not panic anymore once the market changes again but they will just switch on the other strats they have.

Trading is also an act of exchanging coins to the other but some traders goal on why they trade is like you said to be able to earn consistent profit our of it. If changing start doesn't work, that only means one thing. You should change careers now before you burn more money. There are still many ways in order to make a profit using cryptos.

That strategy is mainly for short-term traders or scalpers who buy and sell with short price intervals, though the pattern can be useful for those who want to buy at the bottom and hold for the long term. The best strategy for the long term is simply to buy very low but with a diversified portfolio, which means your portfolio should have more coins than just Bitcoin in it.

That will diversify the profits and reduce the risks of losing all the value if the only coin fails to provide. Though almost all altcoins move alongside Bitcoin's price, it is still better to put your eggs in different baskets.

There's no fail-proof trading strategy. Often times, the simplest trading strategy is the best strategy. Don't over-complicate things just stick to what works and remain profitable in the long run.

You will only get an anti-fail trading strategy if you want to survive when it goes down and sell when it is high. Buy low and sell high, it's a simple strategy that is sure to be profitable.

But everyone seems to really agree that the strategy is not as easy as imagined, especially about how to determine low. Of course it's never easy, but when you are able and have the skills to make analysis, then you will probably earn. The most important thing is to ignore the time frame.

That’s the challenge in trading as our strategies won’t be working all the time and that we should upgrade them from time to time and make sure if they can still be useful or not. In times where we only see consistent losses from trading, then maybe it’s a good reason that we have to change our strategies already and work on it. Don’t wait for our trading strategies become obsolete, instead keep on learning everytime you trade and develop more strategies that would secure your profitability in trading.

If our trading strategy is appropriate and generates lots of profits, we just have to focus on the trading strategy. This will be simpler than having to try trading strategies again which may not suit us. Maybe what we need to do is adjust a little to crypto developments, or what subject or token or token. So that our strategy can be more effective and profitable even higher. Because in my opinion, when we study more trading strategies and we become unfocused, then we will actually lose focus and can't be optimal.

This would be a never ending trial and error if we do speak about having our own strategy.We would continue to formulate one and finding on what suits our needs or something that give out positive results which is really that very common. Managing yourself into this unpredictable market is a must because being versatile is much needed which is understandable for a very random market.

You wont really be only handling out or managing your trading methods and ways but also you would need to handle up your emotions which would really be on overall thing where you do need
to handle it out.

This is exactly why we have a high rate of if traders losing when trading then people making profits form their trade. Many people that get into trading thinks, it's very easy and a really quick way to become rich overnight. They only realized that all their thinking isn't correct when they start losing but have no experience to comeback form such pattern.

Majority of traders who are actively trading in the market aren't qualified to do so but because cryptocurency trading is so easy to access, they're doing so not minding the consequences that might occur when they get their trade wrong and they're also using capital that are more than they can afford to lose.

You can still make a profit by learning more about trading because the market will always change and won't be the same every day. And only people willing to learn more can improve their skills and expertise in trading to still make a profit.

But if they only copy what others do in trading, it will not always be useful for them because they will only rely on other people, while they will not always trade. That's why we learn more about trading so that we really understand how to analyze the market in all situations.

Zero knowledge about trading? Just go for the HODL strategy. Best on the market and the least risky as well. :)

You can always choose this strategy at any point of entry. All you have to do is keep DCAing everything so that you can have a lesser risk of losing money on the bear trend. Mostly I am following this because I am working and I can not always focus on trading strategies, learn it or give a lot of time on the charts. For me, it is better to just hold my portfolio and keep looking for major upward and downward trends.

I keep profiting on very low margins and just keep growing the satoshi that's all. I know in the future it will surely help me grow big.

Imagine prices going 2x or 4x in the next decade! That kinda of timeline I am talking about for the type of trade that I am doing.

As long as you know how to read a trading chart, graph, it is impossible not to get profit from such activities. Then, you can get a different strategy from what other traders give tips.

      As long as you make sure that the coins you buy will not give you problems in the end, don't give coins that you can get stuck in the end because in the end you might sell at a loss, you know what that means.

No one can perfectly time the absolute bottom or absolute top of any trading pair. You would still be profitable just buying the support and selling the resistance but that also requires skill in itself. That works almost all the time, and it actually is still the simplest you can do to remain profitable after all that's the goal in the long run (PROFIT).

I once received advice from several friends who have been trading for more than 4 years. He said "take profit 10% to 20% of every price increase cycle instead of 100% in 2 years". On second thought, this strategy also has its benefits, but he also said "don't expect you to make profit every day".

I know in the end every trader has his own strategy. Of course it doesn't matter as long as they make a profit, but it is always possible to compare several strategies so that we know which one is more profitable.

I would say that "in the long run" is a must add for that. I agree that if you know all of that and if you are a good trader basically then you will make a profit with time, but that doesn't mean that every single trade will be a profit neither, sometimes you will make some losses.

I think it is important to realize 5 up 1 down 3 up 2 down type of thing is the nature of trading, that doesn't even have to be bitcoin trading, it is true for stocks, gold, forex and whatever else you can think of. This is why it is important to ignore the losses, learn from them but ignore them in the end and try to make a profit on the long run so you would be getting richer over time.

If a person remains active in crypto market then he visualize all necessary equipment about trading and investment so it is very quick way to get better results. Also its important to remember that you cannot get profit at once and in fast way but for it you will have to wait because success needs time and hard work. Maintain your goals and Try to achieve if a person have certain aims and planning so he work according to it wherefore this technique will make him successful

Being active in the crypto trading market is not enough to avoid being obsolete in the efficiency aspect that brings profit because sometimes the information you hear before the market traffic start is more efficient than the equipment used in crypto trading.
Having said that, there's no doubt that success needs time but working smart is what brings the needed success.

Working smart actually also takes time, it is impossible for those who are still laymen to have the ability to analyze properly without prior experience. Experience can certainly be obtained from any source. Practice in various types of trading by applying combined Technical analysis and Fundamental Analysis to determine the direction of the trend that will occur.
There will be many ways that can be used to manage trading strategies properly and correctly. In carrying out risk management, financial management is important to support the strategy in accordance with the plan.

Nothing can be done instantly, even if someone is working smartly, there will still be a process that must be followed. What's different is that the process of adapting to smart people will be faster.

You should really make yourself that get involved specially on a community where people do make trades which you do have that idea on whats happening around.Make yourself that aware in terms of news and

other fundamentals which you could really make use.Also, you could really gain up some ideas out from other traders which you could also apply into yours when it comes to strategy.

Some do loves on going alone and wouldnt really be that bad but everything would really be a bit faster if you are really that trying out to engage into more
ideas came from others.

Yes, working smart requires a lot of time but the time actually worth it if you ask me.
We both know that knowledge is power and can be acquired in many ways, isn't this the reason why the newbies are advised to seek knowledge first because the trader that doesn't know the rules of the market has already made a loss before she invests?
The risk management and the fundamental concept of the market is what i always advise the newbies to know first.

If you already have a structured strategy working for you, it will be better if you stay glued to it as mastering another person's pattern might scatter the whole process for you. My only recommendation for you is for you to study money management. This regardless is very important as it holds the key to success in trading.

There are many trading strategies which people have used overtime to make good profit out of the crypto-currency market, but one thing with the market is that it is ever dynamic. And once it is changing a particular working strategy might stop being effective over time. This is why it is important to have more than one working strategy and such strategy should be tested and retested in order to be reliable.

So when this strategy fail  a new one should be developed. And it's just text little or no difference between an existing strategy and a new one that will be developed.

This Is Another One Good Question And Tropic Very Important We Are Whom Involved With Crypto Trading They Need To Know Very Good Strategy For Trade.

Yes, we might say that our current strategies are working well but a few years from now, it never works and become obsolete. As the market trend and behavior are changing, it was quite advisable to develop new strategies as well to make it more effective, otherwise losing is really possible. And not only that, but we also have to level up our knowledge and skill with the help of these new trading tools to become more efficient. New trading tools and strategies will find out more profitable but of course, that also matters in our decision-making as this will varies even though all of us are using the same strategies.

I second, when you've got a working strategy then there's no need for you to try another one if it's truly effective for you. And the time that you should look for another strategy is when it's no longer working well with your trades. That's giving you the confidence that you've got the working strategy. It may not be perfect but as long as it's giving you more wins than losses, you stick to it.

That's part of trading though. Money management is part of having a trading strategy and that includes how you decide and the risk factors that you're taking.

I like reading especially on crypto trading which requires a combination of technical analysis, risk management and market research. Here are some steps you can take to develop and manage an effective crypto trading strategy:

- Set clear goals Before starting trading so that the investment horizon is clear, both the target return, and the level of risk that is acceptable.

- Perform technical analysis to identify market trends, price patterns and support/resistance levels helping you to make an informed decision about when to buy, sell or hold a particular cryptocurrency.

- Stay up to date with news and Use risk management strategies and Review and refine your strategy on an ongoing basis.

The key to managing a successful crypto trading strategy is staying disciplined, informed, and adaptable. By constantly refining your approach and staying up-to-date with the latest market trends and developments, you can increase your chances of achieving consistent profits over the long term.

I am not against these new many crypto trading strategies. What only always comes to my mind every time I see new strategies/indicators is they are still based on the major basic strategies or indicators, they are still using some part of these foundation or core strategies. That's why I really advice for every new traders who are just starting always learn the basics, the core because in the long run, you will use it always.

Are you sure that the DCA strategy can be used in scalping? Scalping is day trading that requires multiple trades per day, so I'm not sure if DCA can be applied to this.

DCA is used in long-term trading, or at least in the medium-term, when we buy a certain asset with a certain frequency, regardless of the market situation. For me, as a long-term investor, DCA is very convenient, because I am not looking for a convenient entry point, I do not wait for the price of bitcoin to be the lowest, I buy with a certain frequency over a long period of time.

At some point that strategy will fail or be outdated which is why we shouldn't depend on only one strategy and be opened to trying out new strategy in the future. The cryptocurrency market is constantly evolving and we should be able to evolved with it. Back in 2017, masternode were a big deal and trading their tokens or project developing one could give you profits.

Doing the same in 2023 won't be very profitable like trading AI coins. You should be able to evolved instead of been closed minded. When I trade I do so because I know I can make money from that project and not because I believe strongly in the idea that they're selling, if I did believe in their idea, then I'll be investing in the project instead of trading it.

In this table, you also are making a valid point. Trying a new strategy sounds like a great way of upgrading trading skills but one should be cautious in putting it into practice. I've tried so many skills and fallen out in the process. Due to the everyday advancement in the crypto business, as you said, I might need to put a series of strategies on my demo so I don't get left behind.

I agree.

Buy low and Sell high, and hold until you meet the price where you're happy to sell your coins. Spot trading is the best example on this type of trading, and gives good profit as long as you know when is the right time to sell but requires a lot of patient. In futures, you have to stick to indicators that brings you a lot of profits every trades you make, though while finding those indicators, you're gonna lose a lot at first but it is definitely worth it.

I think we have to learn constantly in the market. Because we can see new activities of Bitcoin in the market. We can never tell what will happen to Bitcoin in the future. Experienced traders can do some analysis only by looking at the previous situation. Of course Bitcoin will increase but when or how it will increase, none of us can say exactly. So here everyone is still learning, which will be learned everywhere.

A trading strategy that works for you today, may not work for you tomorrow, to become a successful trader, you have to be very observant. If you ask traders that have been very successful, how they have manage to be able to stay successful over the years, they will tell you mostly that they have stayed current and on top of the market situation. They are quick to know when a strategy of theirs is becoming less effective and they sometimes have people they can discuss and formulate new strategy with.

When I don't take a short term trade in the market I usually trade it for the long term. Because I know that in long term trading the amount of profit can be much higher than the loss. Moreover, trading for long term reduces the risk. As I am new here I think it is best for me to trade through long term holding. An investor can make any strategy as per their choice.

What do you really mean in long time trade? Do you mean swing trade because it seem like you are referring to hodling, you need to know that hodling is different from trading, they are not the same. Also how will profit be much higher than the losses when you have a long time trade compared to short time because profit in the market whether long time or short time depends on the risk taken at the particular trade.

maybe what is meant is investment, if swing trading in a few months you may not be able to see the results, because considering the duration of the bearish season is longer than swing trading. short-term trading or scalping is indeed more difficult, but if we can master it then we have income flowing every day and can support our daily needs every month, therefore I think that short-term investment and trading are equally important

Strategies only work for fixed routes or fixed instructions, but here in crypto trading, the market doesn’t follow a specific route or pattern. Cryptocurrency markets are uncertain and always very hard to understand. So developing a strategy and working on it will be completely useless to me. Moreover, from my personal experience, no strategy works the second time; if the strategies were that efficient, everyone would have been following them daily and would have been making millions of dollars from them. So I would advise: don’t chase strategies; analyse the market and adapt accordingly.

If you're good in long term then you don't have to change anything and the same goes for the short term trades.

And traders as well. But for most investors like me, I'm choosing to stay long term because that's the best strategy that I've come up with as a hassle free strategy.

I'm not sure with the others but this has proven a lot to me but as you trade, that you might come with something else.

No matter how good you are on technical indicators but still it wont really be giving out that precision that you would be able to make out good profitable trades from time to time and just mentioned that this market is

never been that predictable on which it would really be that understandable that those analysis wont work most of the time specially if the market had lost of fundamentals or news that affects the behavior all around.

Managing yourself about on your crypto trade is something that do talks about being that versatile on which you would be needing to adjust if it does needs to.
Handling could never been that easy but having these analysis is always better rather than on having none at all.