TOPIC - LOCKED

[Sled]

Sticking to a strategy that delivers most of the time is most preferable. Market will always play with our emotions no matter how good you become. But if you analysis is right stick to your trade and always adopt risk management such as applying stoploss so has to cut down the losses

Yeah, day-trading is known for testing our emotions hence strong strategy is always needed to stay within our strategy. I guess it would be too difficult to develop a strategy for day-trading particularly so that that strategy will get us profits across all kind of market conditions. We are all aware of how frequently bitcoin market goes ups and down even in 12 hours or 24 hours. So, if we are not having strategy then we may not protect our capital.

I am just using RSI based strategy for my day trading. I feel it is too hard to explain how I am customizing it for my needs. Still, if I get an entry then definitely I will book profits but it may give me signal once or twice in a week of time.

My own day trading strategy is more of analysis of the previous day candlestick pattern to give me a clue of the direction of the new day candlestick coupled with RSI to indicate oversold and overbought areas, the signals doesn't occur quite often but the few ones are very effective however  I don't rely on too much indicators because of confusion and conflict coupled with their lagging features always result to losses

And I to confirm that it was more effective than the other trading tools.
I use this every time I do trading, this gives me some insights for the possible steps next to happen. But of course, we don't be expecting it will go that way. That we need to adjust depending on the market flow. If we are not able to read the candlestick that is very difficult to understand the situation.  

[Zanab247]

There are many crypto day trading strategies in the market, but I will like to show you some here:
• Information: If you can pay attention to the market price information very well, you will be counted among the successful investors.
• Competition: Competition is another strategy many investors use to improve their trade.
• Advertising: Advertising is another strategy some users pay attention to, for them to know the good project on board in the market.

[Swopon]

Strategy is an issue on which maximum profit counts. And strategies fluctuate from person to person. There is a bunch of anxiety in day trading that is not currently in the hold or long-term trading. It has to be extremely active and has to be analyzed hour by hour. And whoever's strategy is confidential. However, if exhilarating, trading does not operate.

[Fesatmas]

Day trading might be profitable for the traders who are able to watch market at least for continuous 10 hours and for all others just holding will do the job.

absolutely right, and we only focus as long-term holders. because there are many other activities out there that become daily activities. but there is nothing wrong for those who have a long enough time to become a profitable day trader. all with their different activities but still immortal crypto traders. at least have crypto assets for the future.

[Bagaji]

The whole difficulty of trading throughout the year is that your system can work well in a bull market, but in a bear market you will lose everything you earned. It is important not only to have a strategy, but also have time to adjust to a new phase of the market. 90% of novice traders are not able to do this.

I want to find out what exactly you meant by "losing everything you earned". In my opinion you only lose everything only if you are trading with "future or Margin" but not Spot because the of token or coins you bought still remains just the value that will depreciate for a period.

[fullhdpixel]

there is nothing wrong for those who have a long enough time to become a profitable day trader.

There are different approaches are available for day trading; you do not need to be spending long hours for all types of day trading but only for scalping kind of continuous trading, you may need to spend long hours for trading.

If you're good at technical analysis and when you have accurate entry and exit levels then you just need to trade only for few minutes. Because, with limit-stop-loss orders you can place orders in advance and the rest will be happening when market meets your entry and exit levels. Still, time to time monitoring is recommended but there will be definitely no need of continuous monitoring.

[Yamifoud]

there is nothing wrong for those who have a long enough time to become a profitable day trader.

There are different approaches are available for day trading; you do not need to be spending long hours for all types of day trading but only for scalping kind of continuous trading, you may need to spend long hours for trading.

If you're good at technical analysis and when you have accurate entry and exit levels then you just need to trade only for few minutes. Because, with limit-stop-loss orders you can place orders in advance and the rest will be happening when market meets your entry and exit levels. Still, time to time monitoring is recommended but there will be definitely no need of continuous monitoring.

I'd find no accurate and perfect timing in the crypto world but at least we are near to the possible outcomes.
And we don't need to have these all strategies to get succeed because the most important is how good we are in analyzing the market situation. This is a big challenge for the beginners, they'll find it hard to understand and that is why we often seeing them losing. And we don't have any escaped from this even though we already have the advantage as this is the normal possible scenario to happen in trading.

[LUCKMCFLY]

there is nothing wrong for those who have a long enough time to become a profitable day trader.

There are different approaches are available for day trading; you do not need to be spending long hours for all types of day trading but only for scalping kind of continuous trading, you may need to spend long hours for trading.

If you're good at technical analysis and when you have accurate entry and exit levels then you just need to trade only for few minutes. Because, with limit-stop-loss orders you can place orders in advance and the rest will be happening when market meets your entry and exit levels. Still, time to time monitoring is recommended but there will be definitely no need of continuous monitoring.

I'd find no accurate and perfect timing in the crypto world but at least we are near to the possible outcomes.
And we don't need to have these all strategies to get succeed because the most important is how good we are in analyzing the market situation. This is a big challenge for the beginners, they'll find it hard to understand and that is why we often seeing them losing. And we don't have any escaped from this even though we already have the advantage as this is the normal possible scenario to happen in trading.

I have always followed and looked for many commercial strategies, especially my favorite theory, which is the teachings of Wyckoff's philosophy, and in Wyckoff's academy the teachers only do "Scalping" to feel the adrenaline and show that they are not wrong in their analysis. . To do short-term trading or "scalping" at least for me means knowing too much to reach that level, it is knowing the market before any eventuality.

I do not do "scalping" because I would be gambling and it is not the idea, because if I enter to operate I must have my security almost 100% to take that risk.

That is why I do not see that it is so advisable to operate in so few minutes because it is more likely to lose than to win, in addition to trading scalping mode and having a good profit, you have to put a lot of money for have a big profit.

[martina14]

small talks on strat./
we have our own strategies to  works on our day to day trading / which help us to stick on to our plans / .

my strategies is always to pick tha lossers of tha day or week find tha  patter that approve for entries ( vol , rsi , other Ta) . this method not always as succesfull but at tha end of all trade i am up by some money , or  i m not lossing anything  ( out off 10 trades 3 loss 7 win or 6-4 ., 5-5 )
stop loss much needed here we never know what happend / or / our plan is failed next we have some plans to get out before lossing a lot money , .

thinks to be in mind
1 - vol.
2- where is tha trade is ( up or down )
3- rsi & other indicators
4 - TA patterns
5- plans  for exit
6 - FA

/you your strategies ?/

This strategies actually as far as I can see is only applicable for the experts. And of course, I am not belong to that experts level
Although, I do trade for a couple of years now, but during all times that I made a trade in the end or every month I made at least a nice profit, it's not the big but it's enough to sustain my all expenses for the whole month.

[jostorres]

Although, I do trade for a couple of years now, but during all times that I made a trade in the end or every month I made at least a nice profit, it's not the big but it's enough to sustain my all expenses for the whole month.

For years, you are able to sustain to be profitable with that strategy? If so, then I must copy you. This is something new because I never heard anything about trading only at the end of the month kind of strategy. You are just inducing my curiosity. We not you take time to explain your strategy so that people who are in need might be copying that and get out of their all frustrations.

Because, if a strategy which is helping in making profits in relatively in short period of time still consistently making profits for years then definitely must be a good one.

[Stalker22]

Most skilled traders would use a mixture of these strategies to maximize their profits. Each strategy, however, has its own advantages and disadvantages, and therefore, all investors must do their homework before deciding which of the three to follow.

Because of market fluctuations, the scalping strategy is best suited for trading at shorter time intervals. When day trading, you are likely to use a scalping strategy many times per day. Swing trading is more popular for those who don't have a lot of time to closely monitor the market all the time, while position trading is effective with a deeper analysis and positions for a longer period of time.

Having the right resources to test these strategies and backtest them on a real data set is the key to succeeding at any position. You can test an idea in your head first, but the most reliable way to profit in the cryptocurrency market is to put it to the test on real data from a cryptocurrency exchange.

[FanEagle]

if a strategy which is helping in making profits in relatively in short period of time still consistently making profits for years then definitely must be a good one.

I agree and moreover everyone will be looking for that kind of strategy because when you are having something which is time efficient as well as making profit means then there will be no other reason will be existing for anyone to skip that.

All the above, I may not look for short-term based things because I am comfortable and I am ready to trade even for long period of time but I must need consistent profits. Because, when you will be having multiple trades at a time then time is not a constraint but only having accurate target hitting things will be the biggest concern.

[blackened515]

The only way to get over this strategy or to be successful is by holding, I have choose this factor and it works for me but it takes a lot of time to rise up again after a week fall, I never really looked at the rsi or any other indicator but so long as the prices had fallen for about two weeks, I entered such trade. These i noticed,
1. Immediately spike occured after entry
2. The token keeps falling drastically
3. Remains stable at entry price for long period of time.

The only way to overcome this fear when it falls against you is holding, I have missed out of such good enter because it takes longer time to rise to the peak, I have bought PSG token when was at $6, it remained at that price for 3 weeks untill I would out because it seems I was wasting my time holding shitcoin., it rose to $45 as ATH.