Crypto Trading Strategies for Beginners...

[vphasitha01]

When i was entering to the crypto trading field, i am bit nervous and trust me I've lost so many funds. Then I've found a good guidance video^[1] regarding trading strategies. So i prctised and strict to a plan and able to earn money by covering my previous losses. That's why i feeled to share the content of that video which will be very helpful for new comers to the crypto field.

Disclaimer: This is just few methods that i used, strongly advised to trade at your own risk and DYOR before trading

---- Crypto Trading Strategies ----

Table of contents

Technical Analysis(TA) - I will create a separate thread for that later
HODL
Cost Averaging
Buy the Dip
Lock in Profits
Increase Your Position
Cut Your Losses
Balancing Portfolio
Lock Your Coins Away

HODL

Most straight forward and easiest strategy is HODL. That means buy some coins and don't touch them, forget about them few years. Hopefully if everything goes right, it will be worth pretty penny once you revisit them after waiting for a long time. In that way you don't have to worry about any crashes, don't have to worry about going to the moon, keep on "HODLing".

Cost Averaging

This is something very important to learn for beginners called "Cost Averaging". So if you feeled, like coin is particularly high right now and you still want to buy,but you don't want to start to dropping lot immediately after you bought. Then this is the best strategy. Basically you buy at consistent intervals like everyday, every week, every month, it doesn't matter. Just pick a interval and split your money across that and put in like 10$ to 100$ every once in a while. That way is more conservative. Because lows are less lows and highs are less high, you are just averaging. This is called "Cost Averaging". Rather than putting up your money at a higher high and then dropping down a lot (then you will thought like i just screwed up), this way it protects you from really big drops and big losses.

Buy the Dip

Basically what this means is if some thing goes pretty high and once it starts dropping, you are buying some. Most important thing is "Be Patient". When it starts to dropping you could possibly buy a little bit and don't get too exited like put your all new money in and buy immediately when it starts to dropping. If you do that, once start drop some more later you have feeled like could have saved some money for buy even better price. So be patient but don't be too patient. Basically be ready if it drops even more and if it doesn't drop, you can save your money for next down trend.

Lock in Profits

This is something we really hard to do. Because it goes against human nature. Basically when coins are going up and up(going to the moon), we all are become really greedy and we all feeled like we all can buy lambo, we all are gonna  become millionaires. But instead the smart thing to do is locking some profit every once a while. Because as they really up, also can drop really fast and if you held it all there way up to all there way down, whats the benefit of the ever having gone up. It's not saying sell all of them once, but may be some small percentage at every designated intervals of a rise.

Increasing Your Position

This is an another important strategy. Basically when it goes up and you sell a bit, when it down and you will re buy it. This is defiantly a nerve racking strategy. Because you don't know it's going to hit on point that you are willing to re buy it. It may never hit there and can just go back up and up again. So how to cope up with that is by not selling everything bu in just part of your stack and in also have a mind if it doesn't go back to a price that you are willing to re buy it,just use the profit still like buying an another coin that you can keep eye on. In that way, it's like a win win situation.

Cut Your Losses

It's also hard to do,because it's against the human nature. Every ones might be heard that phrase like "You not at a loss until you sell it". On the problem is if like fundamentals changed, market savior on a particular coin, you might have big losses and not want to sell it. But it might be smarter to sell it and redirect those funds into another coin which will help to recover your losses faster.

Balancing Your Portfolio

This is something very important but hard to manage, because it takes more time. But definitely a good thing to do. So you can split you'r portfolio in a multiple way. You can have part for long term "hodling" and the other part for day trading. You could have a some part from blue chip coins and other part for really risky ICO. The whole point is having a distribution between your funds. In simply "Don't put your all eggs in one basket".

Finally re balance your portfolio if skewed after some times. Always just follow the strategy that you set forth at the first place. In that way you can re balance and getting the proportions more even what they were before. This is similar to like mutual funds. Say if you are an investor and they splits their funds stocks and bonds depending on how risky you want to be and what goals you should achieve.

Lock Your Coins Away

This is a good strategy. Part of this strategy that calls for not touching your coins for a long time. In that case you might then want to put them in a paper wallet or some other place like hardware to access real quick. Since there lot of people gets bored, "Oh i want to trade daily, Oh i want to buy more coins etc..." and then you will go against your predefined strategy and end up regretting  that later.



[1] - video source>>>https://www.youtube.com/watch?v=omXPt53KIWc

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[frowsiter]

That is good read mate!
My favourite one was and which I always club together to get more profits out of it is, Increasing the position and off course locking them away. I like to do this because I do both increase my portfolio that way and also store them securely so that I wont sell them quickly when the time is not ok to do so. Putting the coins in hardware wallet is always advisable because it gives you some strength to hold it even when the situation goes out of control. You know very well that if you are not selling your coins then you are not in the loss at all. 
Basically we can use all your steps or methods to gain huge capital over the time if we stayed with it as planned.

[wayancrypto]

Yes, use stop loss and trailling stop in every trade is the most important thing to avoid loss and to lock some profit. Price of crypto now is more unpredictable and TA in trading mostly does not work , and that why to use stop loss is very usefull and trading activity will be without worry, because the loss will cut soon if any bad news that make the price crash.

[vphasitha01]

That is good read mate!

Thanks mate..

My favourite one was and which I always club together to get more profits out of it is, Increasing the position and off course locking them away. I like to do this because I do both increase my portfolio that way and also store them securely so that I wont sell them quickly when the time is not ok to do so.

Sometimes I also doing the same way and sometimes I put stop losses at 10% margin in that way I was able to reduce the loss if sudden crash occurs. Series of buy orders is another thing I have practised and succeeded lately rather than putting all in one trade at the dip.

Putting the coins in hardware wallet is always advisable because it gives you some strength to hold it even when the situation goes out of control.

Spot on mate

if we stayed with it as planned.

That is the the most important one I think "stick to the plan no matter whatever happened"

[vphasitha01]

Yes, use stop loss and trailling stop in every trade is the most important thing to avoid loss and to lock some profit. Price of crypto now is more unpredictable and TA in trading mostly does not work , and that why to use stop loss is very usefull and trading activity will be without worry, because the loss will cut soon if any bad news that make the price crash.

I put stop losses at 10% margin and take profit at 30% profit margin and if price goes up (we can't do it in sudden pumps) I will rearrange my margins accordingly. So what's your ratios? I agree with TA doesn't mean anything at all in these kind of crashes what we are experiencing right now.

[vphasitha01]

This is friendly "bump"

[entebah]

I have read many articles about trading, for me very difficult to apply. I started watching youtube but I did not find a good way and my trades were still attacked with panic.
This thread is helpful, but the important thing is: Controlling emotions, that's the most important.

[vphasitha01]

This thread is helpful, but the important thing is: Controlling emotions, that's the most important.

Thanks for your pleasant complement and I also believed that "controlling emotions" is a very important thing we should practised though it's against human natural behavior when it comes to seeing more profits from a trading.

[Lakai01]

What I learned the hard way is: Dont ever day trade if you cant watch the charts 24/7. A lot of newbies follow know crypto traders at twitter who tweet about thousands of dollars profit per day and think that this is easy. Let me tell you: No ... its not. ;-)

[Wall_Streeet]

the most interesting advice is to keep everything on a paper wallet, I think this is a great way to protect yourself from sales at the unnecessary moment

[ajqjjj]

My suggestion is beginners are ready to trust the one or two platform then only they are all survive in crypto trading. But trading is little risky process so we must carefully pick the right platform on right time. The main strategy is always monitor the crypto market because then only we should buy low and sell high on anytime.

[BitcoinHodler]

when you are talking about "trading strategies" then you can not include "hold" as one of them because it has nothing to do with trading. it is more like an investment strategy when you find something with great potential and then invest in it for long term.

the rest of the topic is a good one apart from the last part "Balancing Your Portfolio". i still don't  consider investing in altcoins a valid investment and will never call it a "portfolio" because you are not diversifying you are just limiting your profit.

[trumper]

Stop loss might be risky for beginners while it is useful for pro traders, holding is no doubt the best strategy for everyone.

[bakujo0817]

this is a good article to read but the term hodl and lock your coin is not for trading strategy holding a coin for long term that we call investment on the projects.

[joinfree]

I will be 100% honest, there is no way to be a crypto professional trader unless that you are  copying strategies from other people, the best way to go, is just to make your own strategy and try to modify it to be suitable with your skills and your knowledge

[vphasitha01]

I will be 100% honest, there is no way to be a crypto professional trader unless that you are  copying strategies from other people, the best way to go, is just to make your own strategy and try to modify it to be suitable with your skills and your knowledge

Agreed with both hands and That's why I include this sentence at the beginning

<snip>

Disclaimer: This is just few methods that i used, strongly advised to trade at your own risk and DYOR before trading

<snip>

[leowonderful]

Nice guide, a rare find in the seas of redundant information in this subforum.

I just have a bit of a suggestion with formatting- in the beginning of your post where you talked about a guidance video on YouTube, as well as including a full link at the bottom of your post, you can also hyperlink words using [.url][/url] and also [.b][/b] (remove the .) in the center to make the linked words bold and easier to click for easier accessibility, so readers don't have to go to the bottom to see the link. I have no complaints with everything else, truly a well written guide.

I particularly like the part where you mention a paper wallet can be better than a hardware wallet for long-term storage- I personally keep my truly cold storage funds in paper wallets, and I keep my semi-hot wallet funds in hardware wallets for occasional transfer to my hot wallet. I feel some people just ignore paper wallets as a whole, even though they have significant advantages over hardware wallets in some areas.

[vphasitha01]

This is a friendly "bump"

[creeps]

Great work! This is helpful for every beginners who wants to become a trader. Balancing your portfolio is the best thing for me, it will lessen the risk on your money. This is easy to understand, and I hope newbies can see this thread and don't just believe to anyone about trading.

I will be 100% honest, there is no way to be a crypto professional trader unless that you are  copying strategies from other people, the best way to go, is just to make your own strategy and try to modify it to be suitable with your skills and your knowledge

Yeah, no way to become professional in crypto trading but as long as you know what you are doing your profit will come, to make profit is your goal and not to become professional in trading.

[yanto@1977]

When i was entering to the crypto trading field, i am bit nervous and trust me I've lost so many funds. Then I've found a good guidance video^[1] regarding trading strategies. So i prctised and strict to a plan and able to earn money by covering my previous losses. That's why i feeled to share the content of that video which will be very helpful for new comers to the crypto field.

Disclaimer: This is just few methods that i used, strongly advised to trade at your own risk and DYOR before trading

---- Crypto Trading Strategies ----

Table of contents

Technical Analysis(TA) - I will create a separate thread for that later
HODL
Cost Averaging
Buy the Dip
Lock in Profits
Increase Your Position
Cut Your Losses
Balancing Portfolio
Lock Your Coins Away

HODL

Most straight forward and easiest strategy is HODL. That means buy some coins and don't touch them, forget about them few years. Hopefully if everything goes right, it will be worth pretty penny once you revisit them after waiting for a long time. In that way you don't have to worry about any crashes, don't have to worry about going to the moon, keep on "HODLing".

Cost Averaging

This is something very important to learn for beginners called "Cost Averaging". So if you feeled, like coin is particularly high right now and you still want to buy,but you don't want to start to dropping lot immediately after you bought. Then this is the best strategy. Basically you buy at consistent intervals like everyday, every week, every month, it doesn't matter. Just pick a interval and split your money across that and put in like 10$ to 100$ every once in a while. That way is more conservative. Because lows are less lows and highs are less high, you are just averaging. This is called "Cost Averaging". Rather than putting up your money at a higher high and then dropping down a lot (then you will thought like i just screwed up), this way it protects you from really big drops and big losses.

Buy the Dip

Basically what this means is if some thing goes pretty high and once it starts dropping, you are buying some. Most important thing is "Be Patient". When it starts to dropping you could possibly buy a little bit and don't get too exited like put your all new money in and buy immediately when it starts to dropping. If you do that, once start drop some more later you have feeled like could have saved some money for buy even better price. So be patient but don't be too patient. Basically be ready if it drops even more and if it doesn't drop, you can save your money for next down trend.

Lock in Profits

This is something we really hard to do. Because it goes against human nature. Basically when coins are going up and up(going to the moon), we all are become really greedy and we all feeled like we all can buy lambo, we all are gonna  become millionaires. But instead the smart thing to do is locking some profit every once a while. Because as they really up, also can drop really fast and if you held it all there way up to all there way down, whats the benefit of the ever having gone up. It's not saying sell all of them once, but may be some small percentage at every designated intervals of a rise.

Increasing Your Position

This is an another important strategy. Basically when it goes up and you sell a bit, when it down and you will re buy it. This is defiantly a nerve racking strategy. Because you don't know it's going to hit on point that you are willing to re buy it. It may never hit there and can just go back up and up again. So how to cope up with that is by not selling everything bu in just part of your stack and in also have a mind if it doesn't go back to a price that you are willing to re buy it,just use the profit still like buying an another coin that you can keep eye on. In that way, it's like a win win situation.

Cut Your Losses

It's also hard to do,because it's against the human nature. Every ones might be heard that phrase like "You not at a loss until you sell it". On the problem is if like fundamentals changed, market savior on a particular coin, you might have big losses and not want to sell it. But it might be smarter to sell it and redirect those funds into another coin which will help to recover your losses faster.

Balancing Your Portfolio

This is something very important but hard to manage, because it takes more time. But definitely a good thing to do. So you can split you'r portfolio in a multiple way. You can have part for long term "hodling" and the other part for day trading. You could have a some part from blue chip coins and other part for really risky ICO. The whole point is having a distribution between your funds. In simply "Don't put your all eggs in one basket".

Finally re balance your portfolio if skewed after some times. Always just follow the strategy that you set forth at the first place. In that way you can re balance and getting the proportions more even what they were before. This is similar to like mutual funds. Say if you are an investor and they splits their funds stocks and bonds depending on how risky you want to be and what goals you should achieve.

Lock Your Coins Away

This is a good strategy. Part of this strategy that calls for not touching your coins for a long time. In that case you might then want to put them in a paper wallet or some other place like hardware to access real quick. Since there lot of people gets bored, "Oh i want to trade daily, Oh i want to buy more coins etc..." and then you will go against your predefined strategy and end up regretting  that later.



[1] - video source>>>https://www.youtube.com/watch?v=omXPt53KIWc

You have completed material and it will become guide for newbie like me. Until now I don't have any basic knowledge just follow my faith and sometimes have bad result. I want to find my own style and keep trying new method but make me stress in days. I'll learn from you and I hope will help me a lot, thank you so much.

[cruzjoel12345]

Wow thank you for doing this thread mam/sir this is so helpful to all beginners like me and want to start in trading but doesn't know where to start. I will watch videos and read your thread to have knowledge in trading and apply it to my strategy thank you for this effort.

[Torrenth]

This thread is helpful, but the important thing is: Controlling emotions, that's the most important.
[/quote] yes I agree with you because with emotion something can be destroyed with a moment, and ends with regret, the trade does require a very high emotional control, in order to avoid the loss.

[Pursuer]

this was a decent topic apart from the following part which you even start the whole thing with:

Most straight forward and easiest strategy is HODL. That means buy some coins and don't touch them, forget about them few years. Hopefully if everything goes right, it will be worth pretty penny once you revisit them after waiting for a long time. In that way you don't have to worry about any crashes, don't have to worry about going to the moon, keep on "HODLing".

everything about this is just wrong!
"forget about them for a few years"? depending on what coin you have this can be the worst decision of your entire life. for example these days a lot of people are bag holding ethereum but they forget that it has unlimited supply. in a few years when you come back instead of 100 million ETH, there will be 1 billion ETH in  circulation and that has already killed the price.

"Hopefully if everything goes right"? that just shows he investor has no  clue what he is doing. when you invest you shouldn't 'hope" you should analyze and make an educated decision.

[sensimilia]

That is good read mate!
My favourite one was and which I always club together to get more profits out of it is, Increasing the position and off course locking them away. I like to do this because I do both increase my portfolio that way and also store them securely so that I wont sell them quickly when the time is not ok to do so. Putting the coins in hardware wallet is always advisable because it gives you some strength to hold it even when the situation goes out of control. You know very well that if you are not selling your coins then you are not in the loss at all. 
Basically we can use all your steps or methods to gain huge capital over the time if we stayed with it as planned.

I am putting those articles in my bookmarks because this is definitely worth of merit. I'm wondering why I am not that damn good learner as you are

[vphasitha01]

this was a decent topic apart from the following part which you even start the whole thing with:

Most straight forward and easiest strategy is HODL. That means buy some coins and don't touch them, forget about them few years. Hopefully if everything goes right, it will be worth pretty penny once you revisit them after waiting for a long time. In that way you don't have to worry about any crashes, don't have to worry about going to the moon, keep on "HODLing".

everything about this is just wrong!
"forget about them for a few years"? depending on what coin you have this can be the worst decision of your entire life. for example these days a lot of people are bag holding ethereum but they forget that it has unlimited supply. in a few years when you come back instead of 100 million ETH, there will be 1 billion ETH in  circulation and that has already killed the price.

Thanks for your valuble information and I will update my thread. But I want to know are they going to move POW to POS through Casper protocol ? Rumors are there but don't know the exact dates. If so don't you think they are going to capped the supply of ETH?

"Hopefully if everything goes right"? that just shows he investor has no  clue what he is doing. when you invest you shouldn't 'hope" you should analyze and make an educated decision.

Agreed

[vphasitha01]

 I am putting those articles in my bookmarks because this is definitely worth of merit. I'm wondering why I am not that damn good learner as you are

Thanks for your pleasant complement and for the underlying part, what do you waiting for (just kidding)

[vphasitha01]

You should add "Arbitrage trading". If you are interested, i've made arbitrage monitoring panel, where you can recive trading signals and then trade between exchanges. Here is the link: https://blockchainmuffin.com/arbitrage

Thanks mate I will looking into that and update my thread.

[TheNotoriouss]

Wow that's deep! Thank you very much for that post! Will learn from that Why you aren't of competition? What about ICO, have you heard about Kelvin Blockchain? Pretty cool upcoming ico project 

[boynamnhi]

When i was entering to the crypto trading field, i am bit nervous and trust me I've lost so many funds. Then I've found a good guidance video^[1] regarding trading strategies. So i prctised and strict to a plan and able to earn money by covering my previous losses. That's why i feeled to share the content of that video which will be very helpful for new comers to the crypto field.

Disclaimer: This is just few methods that i used, strongly advised to trade at your own risk and DYOR before trading

---- Crypto Trading Strategies ----

Table of contents

Technical Analysis(TA) - I will create a separate thread for that later
HODL
Cost Averaging
Buy the Dip
Lock in Profits
Increase Your Position
Cut Your Losses
Balancing Portfolio
Lock Your Coins Away

HODL

Most straight forward and easiest strategy is HODL. That means buy some coins and don't touch them, forget about them few years. Hopefully if everything goes right, it will be worth pretty penny once you revisit them after waiting for a long time. In that way you don't have to worry about any crashes, don't have to worry about going to the moon, keep on "HODLing".

Cost Averaging

This is something very important to learn for beginners called "Cost Averaging". So if you feeled, like coin is particularly high right now and you still want to buy,but you don't want to start to dropping lot immediately after you bought. Then this is the best strategy. Basically you buy at consistent intervals like everyday, every week, every month, it doesn't matter. Just pick a interval and split your money across that and put in like 10$ to 100$ every once in a while. That way is more conservative. Because lows are less lows and highs are less high, you are just averaging. This is called "Cost Averaging". Rather than putting up your money at a higher high and then dropping down a lot (then you will thought like i just screwed up), this way it protects you from really big drops and big losses.

Buy the Dip

Basically what this means is if some thing goes pretty high and once it starts dropping, you are buying some. Most important thing is "Be Patient". When it starts to dropping you could possibly buy a little bit and don't get too exited like put your all new money in and buy immediately when it starts to dropping. If you do that, once start drop some more later you have feeled like could have saved some money for buy even better price. So be patient but don't be too patient. Basically be ready if it drops even more and if it doesn't drop, you can save your money for next down trend.

Lock in Profits

This is something we really hard to do. Because it goes against human nature. Basically when coins are going up and up(going to the moon), we all are become really greedy and we all feeled like we all can buy lambo, we all are gonna  become millionaires. But instead the smart thing to do is locking some profit every once a while. Because as they really up, also can drop really fast and if you held it all there way up to all there way down, whats the benefit of the ever having gone up. It's not saying sell all of them once, but may be some small percentage at every designated intervals of a rise.

Increasing Your Position

This is an another important strategy. Basically when it goes up and you sell a bit, when it down and you will re buy it. This is defiantly a nerve racking strategy. Because you don't know it's going to hit on point that you are willing to re buy it. It may never hit there and can just go back up and up again. So how to cope up with that is by not selling everything bu in just part of your stack and in also have a mind if it doesn't go back to a price that you are willing to re buy it,just use the profit still like buying an another coin that you can keep eye on. In that way, it's like a win win situation.

Cut Your Losses

It's also hard to do,because it's against the human nature. Every ones might be heard that phrase like "You not at a loss until you sell it". On the problem is if like fundamentals changed, market savior on a particular coin, you might have big losses and not want to sell it. But it might be smarter to sell it and redirect those funds into another coin which will help to recover your losses faster.

Balancing Your Portfolio

This is something very important but hard to manage, because it takes more time. But definitely a good thing to do. So you can split you'r portfolio in a multiple way. You can have part for long term "hodling" and the other part for day trading. You could have a some part from blue chip coins and other part for really risky ICO. The whole point is having a distribution between your funds. In simply "Don't put your all eggs in one basket".

Finally re balance your portfolio if skewed after some times. Always just follow the strategy that you set forth at the first place. In that way you can re balance and getting the proportions more even what they were before. This is similar to like mutual funds. Say if you are an investor and they splits their funds stocks and bonds depending on how risky you want to be and what goals you should achieve.

Lock Your Coins Away

This is a good strategy. Part of this strategy that calls for not touching your coins for a long time. In that case you might then want to put them in a paper wallet or some other place like hardware to access real quick. Since there lot of people gets bored, "Oh i want to trade daily, Oh i want to buy more coins etc..." and then you will go against your predefined strategy and end up regretting  that later.



[1] - video source>>>https://www.youtube.com/watch?v=omXPt53KIWc



[/quoteI think that for beginners I think you should have a specific plan before trading and only trade USDT pairs so that you can minimize risk and get acquainted with the market. In addition, the transaction should always observe the bitcoin price to be able to minimize the risk and have the timely processing when bitcoin prices dropped sharply.

[Johnyz]

 I am putting those articles in my bookmarks because this is definitely worth of merit. I'm wondering why I am not that damn good learner as you are

Thanks for your pleasant complement and for the underlying part, what do you waiting for (just kidding)

This is helpful to the new crypto traders, we actually don’t need to master all of this but of course knowing the basic thing about trading is very important. Will also monitor this thread for some updates great job OP.