pokxon (OP)
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July 02, 2018, 06:15:49 AM |
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I intend to reform my trading method. Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy. Repeat until 25 coins have been selected for profit What do you think about this method? Discuss and share with others your method
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Pursuer
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Where is my ring of blades...
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July 02, 2018, 06:49:43 AM |
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it sounds like a good strategy but you failed to explain the key point to this strategy which can make it a very good one or a terrible strategy. the key is "choosing those coins"! you said "development background". well there isn't any development to majority of the altcoins and what you said is just fancy talk for saying "I check the social media for the most advertised coin". the other part is the "fell deep" part! whatever that means. if you look at coins that have dropped a lot and choose them only based on that then it is a mistake. but if you can come up with valid reasons to convince yourself that these drops have brought that coin to its BOTTOM then your choices can be good.
what I do is that I don't waste my time with a lot of coins. instead I go around in the market and choose 1 or 2 coins that I see are getting some "attention" from the pumpers. this can be some hype in the media, some airdrop coming up, some fork,.... combined with increased volume, activity and of course some price rise. then I buy them and make some risk assessment to set my sell orders for dumping.
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Hirikama29
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July 02, 2018, 07:10:51 AM |
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My trading style is that I prefer short-term trading, I like to buy and sell in the shortest time, but still have the profit that I will have, if you have the effective trading style you can give I advice
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Tytanowy Janusz
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July 02, 2018, 07:39:28 AM |
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it sounds like a good strategy but you failed to explain the key point to this strategy which can make it a very good one or a terrible strategy. the key is "choosing those coins"! you said "development background". well there isn't any development to majority of the altcoins and what you said is just fancy talk for saying "I check the social media for the most advertised coin". the other part is the "fell deep" part! whatever that means. if you look at coins that have dropped a lot and choose them only based on that then it is a mistake. but if you can come up with valid reasons to convince yourself that these drops have brought that coin to its BOTTOM then your choices can be good.
what I do is that I don't waste my time with a lot of coins. instead I go around in the market and choose 1 or 2 coins that I see are getting some "attention" from the pumpers. this can be some hype in the media, some airdrop coming up, some fork,.... combined with increased volume, activity and of course some price rise. then I buy them and make some risk assessment to set my sell orders for dumping.
Exacly. This strategy can end after buing first 5 coins after months of wating decrising everyday to 0. There are dozens of risks even if you checkes whitepaper, team and even CODE and contract with they partners to be sure they are not faked - and in most cases "development background" is just "lets see what people on youtube talks about it".
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Wind_FURY
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July 02, 2018, 08:07:46 AM |
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OP, I believe there are less than "25 altcoins" that are worth to trade that have "real development background". That is me being generous because I can reduce that into less than 10. Haha. But if you are trading to garner more Bitcoins, choose the coins that are complete unsubtle scams if you are a good trader. They move faster. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) But if you want a safe strategy then look for a real job and buy the Bitcoin dip.
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Koro-Sensei
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July 02, 2018, 08:27:38 AM |
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I intend to reform my trading method. Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy. Repeat until 25 coins have been selected for profit What do you think about this method? Discuss and share with others your method
This method are being used by some knowledgeable trader. Those who haven't experienced trading maybe they should refer this as a guide to limit their trades whether to sell at wins and losses. Studying many kinds of coins at once may hinder your knowledge a bit at first if you're not used to it. Maybe for aspiring traders they should study atleast 7-10 coins and keep in touch with news.
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Nisharawal
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I am no stable coin. to the mooonn.. and back
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July 02, 2018, 09:18:23 AM |
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I intend to reform my trading method. Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy. Repeat until 25 coins have been selected for profit What do you think about this method? Discuss and share with others your method
Your method is good but for making good money it is not enough because here you are forcing the market and your coins to go towards your predetermined target level and which is not a good approach for trading. I would like to tell you that you better follow the trending approach or trending strategies where you only follow some predetermined process of a strategy by which you directly follow the market and take your positions in the direction of market's trend. I use a technical strategy where i use 3 SMA and i am trading the trend using this strategy and till now I have been quite successful. Want to know more you can inbox me anytime you want i am here to help anyone.
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charlotte04
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July 02, 2018, 09:57:30 AM |
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I intend to reform my trading method. Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy. Repeat until 25 coins have been selected for profit What do you think about this method? Discuss and share with others your method
I'm glad that you have your own strategy in trading. I really hope that it works with you well. We have to work on our own strategies for us to have a good trading style.
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pokxon (OP)
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July 02, 2018, 11:09:09 AM |
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it sounds like a good strategy but you failed to explain the key point to this strategy which can make it a very good one or a terrible strategy. the key is "choosing those coins"! you said "development background". well there isn't any development to majority of the altcoins and what you said is just fancy talk for saying "I check the social media for the most advertised coin". the other part is the "fell deep" part! whatever that means. if you look at coins that have dropped a lot and choose them only based on that then it is a mistake. but if you can come up with valid reasons to convince yourself that these drops have brought that coin to its BOTTOM then your choices can be good.
what I do is that I don't waste my time with a lot of coins. instead I go around in the market and choose 1 or 2 coins that I see are getting some "attention" from the pumpers. this can be some hype in the media, some airdrop coming up, some fork,.... combined with increased volume, activity and of course some price rise. then I buy them and make some risk assessment to set my sell orders for dumping.
I would choose 25 coin based platforms. What is the platform here? It means the development of a coin through events, it could be the development of the team, the coin relationships with the community, the coin being popular on coinmarketcap. I do not think I'm wasting time with this method because I buy them with all the money I have and when they reach the goal I've defined, this means I'm profitable.
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tenebriscaelum
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July 24, 2018, 12:10:23 PM |
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Trading style is important factors that you should have in order to earn big profit, if you do not have any style in trading then it is also okay because not all of us have some styles in trading but for me having a style in trading is a way that you can make a good profit. I will just list some style in trading.
1. Check the Coin that you want to invest - You should first check on the altcoin if which coin has the potential to earn you big. 2. Check the Exchanges - You should also check the platform exchanges that you will use for your trading, to know the fee that you will pay, to know where is the lowest fee, Check the price of the coin that you will trade. 3. Check the price - Check the price of the coins in the market so that you will have an idea to how much you will trade your coin. 4. Monitoring the Price in the Platform Exchanges - Lastly Monitor the price of the coin in the platform exchanges so that if the price of the coin pumps you will trade it right away.
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hase0278
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July 24, 2018, 12:46:21 PM Last edit: July 24, 2018, 12:59:39 PM by hase0278 |
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I do not think I'm wasting time with this method
You are because there are only a few coins that will fit your criteria and you won't be able to pick 25 coins based on the criteria you have set. Either way, you can go for coins that have a chance for growth to fill those 25 spots even if it is not that high when they dump. At the very least, you won't need to waste that much time and the potential for profit is higher than when you will pick fewer coins(but the risk is also higher).
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Idrisu
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July 24, 2018, 01:04:44 PM |
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I intend to reform my trading method. Firstly, I would choose 25 coins with real development background and value fell deep. I will buy 5 coins in 25 coins and sell them to the target that I put. I do not care if the market changes like that. When one of the five types of coins touches the target, I choose one of the 19 coins and consider it to be low to buy. Repeat until 25 coins have been selected for profit What do you think about this method? Discuss and share with others your method
You should trying and praticalize this first before we can said something about it. Some trading strategies, some time look very good but when you begin to implement it, you always find out that you will lose money. Remember cryptocurrencies trading entails alot of risk and I will said, it is not good you invest into it without adequate knowledge.
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trumper
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July 24, 2018, 01:23:52 PM |
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Choosing right coins is like choosing right balls from the basket without looking so the problem starts with that and your strategy will fail but still it can be profitable if you are an expert.
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Skrillhabib007
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July 24, 2018, 01:32:42 PM |
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There are four main styles of trading, namely scalping, day trading, swing trading, and position trading. Technically, scalping is a type of trading within day trading, but scalping is so different from all other forms of day trading, that I consider it to be a separate style.
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Kahoy01
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July 24, 2018, 01:36:47 PM |
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I don't have a specific trading style or don't stick with the methods i used once since the market always changes. I really believe that every coin has its potential and time to increase its price so what i always do is study the coin, looking for historical charts, its market capitalization and daily movement of price, whenever i gets satisfaction from what i've seen im gonna for it and hodl.
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geminiboy
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July 24, 2018, 01:46:14 PM |
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choosing 25 types of coins for trading it is a silly method for me personally, I prefer one to two types of coins with 3x of capital for me to play, this method is more promising for profit.
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Gadhoh
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July 24, 2018, 01:49:24 PM |
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Daily trading This is the most famous trading style. This trading style is widely used by traders today because the risk is not too large compared with other trading styles.
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torry28
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July 24, 2018, 02:18:06 PM |
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choosing 25 types of coins for trading it is a silly method for me personally, I prefer one to two types of coins with 3x of capital for me to play, this method is more promising for profit.
You don't understand with OP's strategy. He would only buy up to 5 coins from total 25 coins. If one of those 5 coins going up or it already hit his goal profit, he will sell it and buy another coins from 19 other coins he picked before. He will keep repeat this until all 25 coins he bought and then started with another (plan)?.
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JackdunR
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July 24, 2018, 02:26:44 PM |
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My trading style is holding and waiting, I'm not good at analyzing but the patience is the main, so I'm less of a loss because I always hold the coins for a long time
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cydrix
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July 24, 2018, 02:45:49 PM |
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Style here style there it never gets old for knowledge seekers although it may sound boring but it can also boost your knowledge even a half assed method in trading can be improved if you have lots of knowledge you can upgrade or improvise something out of nothing. True meaning of knowledge you can earn it but you can't spend it a wise investment for your mind to read.
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