Good trading strategy for newcommer?

[headlesschick]

Dear crypto cummunity,

I'd like to ask you to point me in a somewhat right direction.

I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.

I believe I've come to a point where I would like to start practising some medium-term/swing trading. My hope is that some of you, experienced traders, have some references to some trading strategies. Should I do DCA and hodl 50% and trade the rest? At what percentages is it wise to take profits? 30/50/65%? I only trade the money that won't make me go bankrupt, but I'd love to become good at reward/loss management and start somewhere.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good carma back to the cummunity when I become good at this

[1715250215]

1715250215

[Whaleagent]

I usually, set 3 targets for each trade. 5% 10% 15%
Once I hit T1 and locked my 5% profit, I reinvest the profits until I hit T2 [10%].
I always prefer to put my profits into a position.

[exstasie]

Should I do DCA and hodl 50% and trade the rest?

DCA is recommended for people who can't read markets, who will simply lose their coins by trading. Personally, I would never use DCA because it has no strategy for entry/exit or risk management generally. I believe timing entries is an incredibly important part of investment.

I'd probably hodl closer to 80-90% if I were you, especially if you're comfortable using leverage. The less coins you have exposed to third party risk (holding on exchanges), the better.

At what percentages is it wise to take profits? 30/50/65%? I only trade the money that won't make me go bankrupt, but I'd love to become good at reward/loss management and start somewhere.

You need to establish a trading system. Identify setups such as candlestick formations or chart patterns where a specific trade will play out a majority of the time. I.e. a triangle breakout or a head-and-shoulders pattern.

From there, you need to establish optimal risk/reward setups. I generally aim for a 3:1 or better reward to risk ratio. That means my take-profit should be worth 3x or more what I would lose if my stop loss hits. By optimizing your risk/reward, you can afford many small losses and still be a winning trader. Remember that trading is a grind based on probability. Even great traders lose a solid 40% of their trades. So you need to account for that in your risk management.

I wouldn't determine take-profit in terms of percentages. You want to let your winners run as much as possible. I usually prefer to aim for higher take-profits while rolling up my stop losses into profit as the trade progresses.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good carma back to the cummunity when I become good at this

A basic tutorial on risk management in trading: https://www.investopedia.com/articles/trading/09/risk-management.asp

Check out Babypips. I recommend completing the Elementary through High School courses: https://www.babypips.com/learn/forex

I would start out trading only a small fraction of your stash, maybe 10-20%. Each individual trade should probably only be worth a fraction of that. Use key S/R levels and moving averages for take-profit and stop-loss levels.

Good luck!

[traderethereum]

You can trade as much money as you want and it does not depend on anything because you are the owner of the money.
But that will be good for you if you can set how much money you should use in trading, so you still have backup money for preparing if the worst situation is happening.
The percentage to take profit will vary since we use different money for trade, but it will be good if you can take more than 10%.
And if you can trade with good skills, then I think you can lower your profit percentage for about 3%-5%, but you are trading in more than 5 times so the percentage will bigger than only 10%-50%.
You can use the money you can afford, and if you are not ready to see a big lose in trading, then I think $100 is enough to try trading.

[bonker]

Following the strategies is one of the most important thing on it is the difficult thing also for everyone to keep it up for long time so my opinion is if you are following someone strategy will not work for you long time so making your own strategy will always helpful for you in all the situation in all the time.

[Ailmand]

First, you have to set a target goal and that shouldn't be aiming to get rich easily but to gain knowledge about trading first. It's alright to start with a small amount and just apply the basic strategy which is to buy low and to sell high. You could make your own strategy and if you're comfortable with it, you could increase your capital. Be smart upon choosing where to invest.

[gentlemand]

I don't rate the combination of these words - newcomer + trading.

They do not belong together.

If you don't understand how things work, what news looks good on the surface but may be disastrous to those who know a little more, historical behaviour, future possibilities, then don't even think of trading and keep reading until it does start falling into place.

You should consider trading once you feel you have a firm handle on the entirety of the space, not make it the very first thing you plunge into.

Until then buying a little and often and fiddling with paper trading is a better idea.

[sheenshane]

There are no such things as an initial good trading strategy. The person must first learn how to be passionate about what he is doing. Because giving him the right tools and mindset are not enough to make him successful. Risks management, technical analysis are the two things the newcomer must master. Trading is something that will make you avoid your bed because you know how much you will lose if you will leave your portfolio unattended.

If you are tired of searching for anything, analysis, global research and what happens within a day, you may try eToro! You won't even need to have the strategy. You just have to find a most trusted person and copy his trading moves.

[xvids]

Since you said your a newcomer or a  ewbie I suggest that you read some tips before entering the market.
It wouldn't really help is we tell you some strategy if you couldn't read the chart or doesn't know what's happening around the crypto currency.

[Gaff]

First, you have to set a target goal and that shouldn't be aiming to get rich easily but to gain knowledge about trading first. It's alright to start with a small amount and just apply the basic strategy which is to buy low and to sell high. You could make your own strategy and if you're comfortable with it, you could increase your capital. Be smart upon choosing where to invest.

That's the basic way of handling your trading as you don't have any knowledge being a trader when you're a newcomer. Being smart isn't just making faster sells, but you need to have self control over your actions. Agressiveness was the most reasons why new traders lost their funds in crypto, so much time and skills is really needed in order to succeed in your trading career.

[Bitcoin_Arena]

Taking small 2-3% profits daily is less risky.
All you have to do is first learn basics of Technical analysis so that you can know when there is a strong signal to buy. 2 to 3 percent is not hard to achieve in a short time and Once you achieve your target, always exit and never try to be so greedy.

[leowonderful]

Trade with low leverage and put in a very small amount of money you are okay with completely losing in a few hours initially. Don't even try to touch higher leverage; most newbies end up with an empty account trying to trade with high leverage (and most people in general). Learn about trading and crypto in general, read up on how to trade and get yourself comfortable with an exchange you want to trade on, and in time you'll be off and trading on your own.

Try not to depend on other peoples' TA or advice too much, especially when you are starting out in trading. It's extremely important you learn to trade yourself and you aren't spoon-fed with calls. It is always best to make your own decisions in trading.

[playboy654]

Dear crypto cummunity,

I'd like to ask you to point me in a somewhat right direction.

I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.

I believe I've come to a point where I would like to start practising some medium-term/swing trading. My hope is that some of you, experienced traders, have some references to some trading strategies. Should I do DCA and hodl 50% and trade the rest? At what percentages is it wise to take profits? 30/50/65%? I only trade the money that won't make me go bankrupt, but I'd love to become good at reward/loss management and start somewhere.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good carma back to the cummunity when I become good at this

actually right using the strategy the new people also make their beginning stage to be successful but everyone had to be wait for sometime stool and some steps for doing the better job it suits for trading also.

[dunfida]

Dear crypto cummunity,

I'd like to ask you to point me in a somewhat right direction.

I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.

I believe I've come to a point where I would like to start practising some medium-term/swing trading. My hope is that some of you, experienced traders, have some references to some trading strategies. Should I do DCA and hodl 50% and trade the rest? At what percentages is it wise to take profits? 30/50/65%? I only trade the money that won't make me go bankrupt, but I'd love to become good at reward/loss management and start somewhere.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good carma back to the cummunity when I become good at this

Depending your choice but if you do prefer on medium to swing trades then it isnt really a bad idea yet since you are still new on trading
it would be risky if you do make some active/short trades.One advice is that you shouldnt rush up on anything its good that you do start up
with small amounts that you can afford to lose.Mistakes are inevitable then you should able to handle it out specially emotion because this is
one of the most common factors that traders do mess up after making some mess.

[Ahiaba]

I will not encourage the mind of getting rich quick from Bitcoin or crypto currency in general because that kind of mind will definitely make take a wrong investment decision and that will not help you buddy. A long time hold will earn you what ever gain you are looking for in crypto currency particularly if you are holding coins like Bitcoin, ethereum and Bitcoin Cash e t c .

[dark08]

Making a plan or strategy is one of a good decision in trading specially if you are newbie in trading industry, you should be aware also on the exchange platform on how to use limit order, stop order and market order, eventually I always use stop order to avoid losing so much money. You should also know what kind of trader who you are personally I'm a swing trader small gain is enough for me dont be greedy.

[LUCKMCFLY]

I think you have to define very well what you want to do, because if you have a strategy based only on technical analysis it is difficult to do some trading either in any of the periods you choose to do.

For the porcelators you want to achieve are goals that we always want to achieve, but one thing is to say it and quite another is to carry it out, I think you have to learn to understand the market, because if you do not do it, choose any period of time to you make more failures than successes, many people enter in order to find quick profits, only if you have a good knowledge of what really happens in the market you can achieve it, however many times the analysis is invalidated.

I think that before doing any kind of operation you should read some authors, especially market speculators, but do not teach technical analysis, but they teach you or in your book they narrate in what ways they faced the market and how they solved and led to out their successes and failures.

[mersal]

Dear crypto cummunity,

I'd like to ask you to point me in a somewhat right direction.

I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.

I believe I've come to a point where I would like to start practising some medium-term/swing trading. My hope is that some of you, experienced traders, have some references to some trading strategies. Should I do DCA and hodl 50% and trade the rest? At what percentages is it wise to take profits? 30/50/65%? I only trade the money that won't make me go bankrupt, but I'd love to become good at reward/loss management and start somewhere.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good carma back to the cummunity when I become good at this

we cannot get the success in the beginning stage because it is the time for practice after the practice and get experience with only you can make the successful trading journey from that point otherwise following the strategy in the beginning stage will be difficult for everyone

[Genemind]

It's a good thing that we're setting things and strategies ahead of time. We could actually make our own strategies and techniques which we could apply when we trade but we have to make sure about it. We have to do simple analysis. It would be a trial and error but it will succeed in time.

[senyorito123]

It's a good thing that we're setting things and strategies ahead of time. We could actually make our own strategies and techniques which we could apply when we trade but we have to make sure about it. We have to do simple analysis. It would be a trial and error but it will succeed in time.

It's a good thing to educate ourselves and familiarize its nature and concept. Trading is not all about getting rich quickly, it takes time, hard work, and commitment. Get basic trading knowledge, set achievable trading goals, define clear strategy, never risk all money you have, evaluate your performance on a monthly basis, and control your emotions. Improve continuously, improve trading and self educate continuously.Nobody is born successful, but learning and practice both lead to high profits in trading.