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Short-term and Long-term,
I am doing the scalping trading strategy for my short-term,
while on my long-term I am still searching for some decent coins to
hodl.
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It might be too low for long-term hodlings, why not try
trade short-term first? try scalping strategy, save then search
for some decent coins to hodl.
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I don't think it would reach 95%, more like lower
because as what I've observed scam coins have
lessen. And I hope this will continue.
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I am starting to trade again, and the strategy to try first is
scalping trading strategy, I am using the Bollinger bands+
Stochastic Rsi as my trading tools.
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I've tried the BB and RSI and basically in the end, its not profitable because from time to time the trends change and it won't work long term. I've tried it on Stocks, Forex, Bitcoin and it will never consistantly profitable.
Best way to scalp?
On Bitmex wait until there is like a 20-30 Million liquidation and take the reverse trade. Basically today it wouldn't of worked because the dump was huge but on a regular range trading day whenever there is a 1M candle with $10+ Million in liquidations, usually taking the reverse with a tight stop works. Because people get liquidated and profits get taken and its usually reversal time.
Very good risk reward but the issue is usually with the Bitmex engine being laggy and difficult to get a trade to register. So it won't always work.
Hey, thank you for sharing your thoughts. So I should wait for BTCitcoin's market go sideways? and also, this type of strategy only works on Bitmex? |
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I recently started using Binance Exchange Platform, and so far so good.
also the fees are actually great, and no verification needed for small traders.
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Yes I agree on this one, In my experience I entered a trade
and the price change was hectic, so I panicked and sold.
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Good day everyone, what tools/strategy/method/indicators do you use in scalping trading strategy?
I am thinking of using bollinger bands+stochastic rsi, is this a good strategy?
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From what I read and heard 200-250 is a good entry point
for Ethereum, and now is the right time.
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If I have 3 Ethereums I would definitely start trading with that capital,
some says trading is risky, so I think I would divide it and participate
in some ICOs
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Good day, I am thinking of starting trading again.
Should I wait for the market to recover or now is
a good time to trade? what are your thoughts?
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Some says the past months have been the worst months of trading, for myself I can't Say because I've been away in trading for a couple of months now, and suddenly I want To go back. So can you suggest some trading channels that teach strategies that is Appropriate in today's market?
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If you're really that scared in doing a live trade risking real money,
then try trading simulation, there are many out there. that way
you won't be scared doing a trade because you won't risk real
money
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around 30$ of BTCitcoin or Ethereum, well, at least for me.
it is a smart move to start with a small capital, since newbie
will have a 100% chance of losing a trade.
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There are hundreds of exchanges out there, in order
to evaluate the exchange that's perfect for you,
fees, daily volume, transparency, and security.
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If you're talking about the bear market and how hard
it is to earn profit in trading in this market, what I will
gonna do is, we can't do anything about it, there will
be a time where market goes bearish. so, staying away
from short-term trades might be a smart move.
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I am not a master myself, but I am getting better
in every trade that I make. just continue trading
you'll get better, I guarantee it
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Actually doing both is great. don't focus to one strategy.
be flexible, there will be times that the market will get
too unstable, if that happens and day trading will be hard
there is no worries because you still have your long-term
hodls
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Hmm. focus on the top20 coins for the meantime,
coins that are above 100 is dangerous and prone to
pumps and dumps.
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