janggernaut
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Merit: 1130
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November 02, 2017, 02:57:37 AM |
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Hello all, I am starting to day-trade on the crypto market and I was wondering what was your strategy? For now I am just starting, I use MA, S/R levels, Fibs and RSI mainly. What about you?
I don't use these strategies because i'm not a daily trader. I only buy altcoin which i think interesting and hold those for some months or even years.
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jisokoo (OP)
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November 02, 2017, 08:46:37 AM |
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Sometimes technical analysis does not work in crypto trading because the volume of cryptocurrency still small than other market like forex and stock, And I prefer to use and learn fundamental analysis, buy some coin that has strong in fundamental and hold it a few month and choose some altcoin that paired with USDT.
Thanks for your answer. What do you mean by "strong fundamentals"? do you have an example?
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jisokoo (OP)
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November 02, 2017, 01:40:47 PM |
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My trading strategy is just buy on the deepest price( oversold), this strategy is easy to use if we extra patient. Patient is key of success in trading. And in my experience in trading, some technical analysis some times does not work in altcoin trading so cut loss strategy also will help to minimize risk and to reduce the lose.
Thanks for your answer. How long do you usually wait to sell back?
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minerich
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November 02, 2017, 01:42:58 PM |
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My trading strategy is i hold coins top 10 in coin market cap and i buy ICO coins on pre-sale day and i do day trading
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Ann Impas
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November 02, 2017, 01:59:55 PM |
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The best strategy is always know your path and don't panic if you are loosing money. i've took this two for a reason because they are one of the most important things you need to do even pros still gets confused by the time.
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mrbnson
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Merit: 101
X-Block.io
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November 02, 2017, 02:02:33 PM |
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I do not use any indicators I just use the simple candlestick graph and the order book, I look for unbalanced order books on coins that have high volatility.
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ditinhu
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November 02, 2017, 02:41:59 PM |
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I analyze the last 3 months of ups and downs of the currency, and I buy when I'm down I expect the price to go up and see when you give me a good percentage over what I bought, thus ensuring that I will not take a loss in the short run.
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Nathan047
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November 02, 2017, 03:17:58 PM |
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My trading strategy would just be looking for coins that I expect to rise and buying them, and then holding them for a long term. You can always try hanging around the speculation portion of the forums for information (although not always correct information) and always be sure to do your own research.
If you’re looking for more fast paced trading then I’m not really your person for advice.
Thanks for your answer. Do you have a particular technique to choose which crypto you think are going to rise? I generally choose a coin because: The coin has previously pumped a decent amount but it’s now sitting stably at a similar amount that it had before the pump and it’s still being used. -or- Because a coin is going to likely receive an update or new feature of some point soon and it hasn’t already received the pump that it will likely get because of that new feature/update. However, it's usually in a case by case basis that I determine when I think a coin will rise; and it all just requires practice and research.
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DaMut
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November 02, 2017, 03:30:29 PM |
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what is my trading strategy ? of course i will holding it and i will sell it whenever i think it's at its peak. in brief i was a holders and rarely doing a day trade because it's not good enough, but no matter what is it,short or mid or long run i always read the chart and sentiment. i used technical analysis to read the map,i did not use it to determine my move because in cryptocurrency everything can be happen. and it's unpredictable compare to other assets, it's very easy to get manipulated by people due to low supply and other reason. the best way to see it what will happen is by looking at people sentiment, when you heard about FUD you will see a huge movement for a better one,but when you heard about SHILL there'll be a bad one. always make a move to the opposite side.
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raking
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November 02, 2017, 06:29:31 PM |
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Hello all, I am starting to day-trade on the crypto market and I was wondering what was your strategy? For now I am just starting, I use MA, S/R levels, Fibs and RSI mainly. What about you?
A strategy that I think pretty many people use. It is a constant monitoring of a coin and choosing the times it's price falls to buy then waiting for price to rise and sell. It is the most single-use strategy we often use. But it also has a pretty high risk. It is characterized by short-term investment.
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cryptoDARO
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November 02, 2017, 06:39:45 PM |
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Day trading is hard and it relies on technical analysis. So I still have to learn about it before I can say any meaningful opinion. Although for long-term perspective you should buy at dips and of course buy low sell high
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carriebee
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November 02, 2017, 06:41:02 PM |
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Hello all, I am starting to day-trade on the crypto market and I was wondering what was your strategy? For now I am just starting, I use MA, S/R levels, Fibs and RSI mainly. What about you?
A strategy that I think pretty many people use. It is a constant monitoring of a coin and choosing the times it's price falls to buy then waiting for price to rise and sell. It is the most single-use strategy we often use. But it also has a pretty high risk. It is characterized by short-term investment. My trading strategy is just simply buying at a low price and sell when in profit already. Usually I look for a coins which offer a potential coin. I invest even short or long term investment, I just sell when Im earning.
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durilup
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November 02, 2017, 06:47:51 PM |
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I do not have a good experience in trading but my best way is to buy when a coin is on red and sell it when is on green ( you can use coinmarketcap ). You can buy this time some alts , bitcoin exploded and it will pump the alts coins in near future
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usorin
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November 02, 2017, 07:03:14 PM |
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I have a simple strategy: buy cheap and sell expensive, this is all in it, the trick is to know when to buy because, as you can see bitcoin is growing and growing as he use to do at the end of the year.
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FrueGreads
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Merit: 1059
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November 02, 2017, 07:31:27 PM |
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I'm not a trading expert and I'm actually more of a holder, but I do sell from time to time, but I never do daily trading. I think daily trading is very dangerous in crypto markets. They are just to volatile, so I don't see how you can profit from daily trading, if not by chance. For me it's all about the long term, so my only two advises when it comes to long term trading, is don't short to soon and don't trade on a leverage position.
The crypto markets are expanding, so you should really let it run for a while. If it's going up just let it be, don't try to cash out some profit, because it will probably continue to grow. If it starts going down (like 5% or 10% drops) short a little (like a trailing stop loss), but always keep looking for ways to get back into the game, because it will probably bounce up again.
As or the leverage trading, I just find it to risky as well. The market can go against you in a split of a second given it's volatility, and the exchange is going to liquidate all your assets just like that. It's just not worth the risk in my opinion.
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Granxis
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November 03, 2017, 07:08:54 AM |
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I analyze the last 3 months of ups and downs of the currency, and I buy when I'm down I expect the price to go up and see when you give me a good percentage over what I bought, thus ensuring that I will not take a loss in the short run.
A very long time of 3 months, a coin catching a performance of 3 months before is sometimes dependent on luck and conditions 3 months ago, a suitable time period of 1 month past.
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coolclass
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November 03, 2017, 08:48:19 AM |
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I use Elliot wave and Fibonacci to predict retracements and reversals. This I believe is the best way to go into trading, applies to all forms of trading.
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otundebis
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November 03, 2017, 08:55:15 AM |
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My trading strategy is in three part. I will first read as much as possible on any coin of interest. The historical chart and the product and service that is attach to each coin. Secondly I decide based on fact whether I am holing the coin or trading the merging. Thirdly if it is high value coin, I will always buy the lows.
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Fear
aka elbashadodo
Full Member
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Activity: 364
Merit: 100
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November 03, 2017, 09:58:16 AM |
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My strategy is simple. I will put about 50% my fund into Bitcoin for long-term profit. With short-term, I choose altcoin with huge variable price and big volume. It is easy to entry and exit.
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family934
Member
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Activity: 70
Merit: 10
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November 03, 2017, 10:11:21 AM |
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My strategy is simple. I will put about 50% my fund into Bitcoin for long-term profit. With short-term, I choose altcoin with huge variable price and big volume. It is easy to entry and exit.
according to my own idea i am qualified business and my trading strategy in bitcoin is i am still busy in buying bitcoins now because the rate of bitcoin is increasing most probably and i am expected that the price of bitcoin will reach to 30k$ which is very high rate then i will start selling my bitcoin so thats my starteg
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