Good trading strategy for newcommer?

[oseikuf44]

Following the trend of a top coin with a huge market volume is the best strategy that works for me. With a tight stop loss in place , I can ride on the trend till my stop loss is hit. At least 2/1 reward to risk ratio is ok.

[Astvile]

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.

This is a good one but i think you are rolling with high budget since you are gaining big profit for sure because you can reroll it for 10% gain for the next trade.This is good for big traders will be profitable bigtime

[Ararbermas]

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.

well to assure you can avoid risky situation especially lossing large amount of money, then always make a TA before putting your capital ,and to ensured that there's a good return in the future and less worries ,always trade a coin which is certain such finished project. It's  so simple but you should focus on it to monitor the price time on time.  

[Cherylstar86]

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.

well to assure you can avoid risky situation especially lossing large amount of money, then always make a TA before putting your capital ,and to ensured that there's a good return in the future and less worries ,always trade a coin which is certain such finished project. It's  so simple but you should focus on it to monitor the price time on time.  

  The most important thing before we penetrate in trading, is to be cautious and study harder about the fundamentals to enhance our knowledge by dealing the consequences. Experience and wisdom will lead a way to contour the possible loses and it is about on how we create an accurate strategy to deliberate a liable output.

[joshy23]

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.

well to assure you can avoid risky situation especially lossing large amount of money, then always make a TA before putting your capital ,and to ensured that there's a good return in the future and less worries ,always trade a coin which is certain such finished project. It's  so simple but you should focus on it to monitor the price time on time.  

If you have a certain trust with your knowledge and skills you don't need to watch your assets from time to time, you just need to specify your position
from both entry and exit points, if you already have that target, then there's no need to keep looking but to wait till everything will be settled.

[maxreish]

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.

Good thing you have a good mindset about trading. Setting a target profit is good but based on my own experienced, 5-10% as a swing trader is enough for me. I don't to be so much greedy with 20-30% since 10% profits a day is big enough for my own beliefs. But please reconsider learning stop loss[/u]. If you want to be safe, i mean getting profits while the market is unstable, stop loss is a very significant thing in trading.

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

When i was a newbie before, youtube, google and this forum is my trading buddies. Honestly, it helps me a lot to improve my trading skills. Anyway, if you are a swing trader in bitmex, it has a calculator button in which you can compute your profits, loss and leverage.

Here's the sample image:

[manofhonor1]

Amnew and i lost arroound 1000 dpes this make me unable to work in the trading market

[hemendrasingh123]

Most of the trading strategies for bitcoin are not unique to bitcoin and you can find them with any sort of commodity.  Bitcoin does have some unique properties to it...

1) It takes about an hour to verify a bitcoin.  This makes it extremely difficult to take advantage of a difference in price by buying bitcoin in one place and selling at another or exchange it with the help of Cryptocurrency Exchange Software. I think it would be possible to use this fact to somehow make money although I've tried a few things and none of them have really worked.

2) There are differences in transaction fee and volume on the different exchanges.

3) There is a strong connection between bitcoin trading and China.

The other thing is that the bitcoin markets are evolving rapidly, so I don't think it would be possible to do month to month trading since everything changes so much from month to month.  You might be able to find a pattern that will allow a day to day trading or week to week, but bitcoin trading is so volatile that I'm finding that bitcoin trading is a full-time job and one that doesn't pay particularly well.

With me, for example, I'm finding that bitcoin trading is part of my full-time job, and it does not pay enough to pay for my living expenses.  This is fine because I'm an entrepreneur and I have some cash reserves to fund my living expenses.  I figure if I automate some things, and get better at trading, I will likely make enough money to cover most of my living expenses, and if some of my other projects work out, I might be able to live a decent middle-class lifestyle, but even this is going take a lot of hard work.

The thing that I don't think I'll *ever* be able to do realistically is getting super rich by bitcoin trading.  I might be able to get super-rich by doing other things, but not bitcoin trading.  I might be able to make decent amounts of money, but if I wanted to maximize income, I never would have left (insert big investment bank).

[nc50lc]

-snip-

Archive.
Great, you copy-pasta™ an article from Quora: https://www.quora.com/What-are-some-bitcoin-trading-strategies
On topic: Follow these guys: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion.
You'll learn a lot of trading strategies (and memes) by reading the recent posts; and if you dare, backread the previous pages for historical data.
But there's no definite strategy here, its mostly cognitive and memory based work, you need to process the info you get from the news and bct posts to know "when is when".

Since it's certainly the Bull Run, you can enjoy a less risky trading at small corrections.

[Pattart]

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.

it will be risky if bearish occurs. I did not give the target what percentage of profit I should get, because certainly each time will be different depending on the market conditions. I usually see candlesticks on the chart, there are many strategies for reading candlesticks on the market, and it will give you signals when to sell and buy

[LimLims]

To be very much honest, there is no fixed strategy that gonna work second time.
I mean you will definitely face losses if you try it for the second time.
If you are a newcomer then i would suggest you only to invest with small amounts and understand the holy market first.
Moreover Just have confidence on yourself and you gonna surely make profit.
Good luck mate.

[Slow death]

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

Have you seen the high volatility that the price has had since last week? in this crypto market it is increasingly difficult to do daytrade and it is very difficult to stipulate some profit goal per day, week or month. I would recommend that you buy and hold for more than 2 years ... because doing daytrade you will run a high risk of losing all your money

[webtricks]

~

Have you seen the high volatility that the price has had since last week? in this crypto market it is increasingly difficult to do daytrade and it is very difficult to stipulate some profit goal per day, week or month. I would recommend that you buy and hold for more than 2 years ... because doing daytrade you will run a high risk of losing all your money

I don't think putting money in coin and holding it for 2 years is good strategy at all. I tried the same with Stratis and Waves in 2017 but after two years I am in loss of 60%. Crypto market changes very rapidly. The trendy coins of today may not be good coins for tomorrow. Crypto Market is very prone to news and FUDs. That's why I recommend shifting funds from one coin to other periodically so that your portfolio remain upto date with market trends. Stratis was trending in 2017 and was one of the Top 15 coin but in 2019 it is out of Top 50 coins. So my decision to hold it for 2 years was surely a wrong one.

[CryptoLing]

1. Learn first, about the basic stuff like Bitcoin and Blockchain
2. Study the basic stuff for charting if you wanna be a trader or learn crypto economics if you want to be hodler.
3. After you study all that stuff and confidence enough, do paper trading. Try to use your chart and trade the coin you want but only in paper so no money involve.
4. If you can make a profit in paper trading, now put small amount of money to do real trading.

Just remember this thing Crypto is fast game so DON'T BE GREEDY

[Barbut]

1. Learn first, about the basic stuff like Bitcoin and Blockchain
2. Study the basic stuff for charting if you wanna be a trader or learn crypto economics if you want to be hodler.
3. After you study all that stuff and confidence enough, do paper trading. Try to use your chart and trade the coin you want but only in paper so no money involve.
4. If you can make a profit in paper trading, now put small amount of money to do real trading.

Just remember this thing Crypto is fast game so DON'T BE GREEDY

You pointed out some good facts here. Learning is always first, creating a wallet, making first transactions in and out, learning about fees, and everything thats connected with wallets, online or hardware. Second is very important, nobody can tell you what is good, daily trading or holding, for some is better trading for others holding. I will have to add that firstly is holding, and building your bankroll, only later when you learned basics and you have some bankroll try trading.
Greediness is always a killer, who cant control that part will have bad experience in trading.

[whirlcoin]

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

I am going with only the flow of the current market situation whenever I think this time I need to take a break and hold my investment for some days then I decided not to read it more quickly so so it always being go with your mindset because reading is also like the half trusted investment so whenever anything happens you need to accept that then only you can be the perfect trader.

[Bunsomjelican]

As a new comer you can trade anytime you want as long as you have capital to buy coins in any of the exchange platform, then you can also learn anytime you want too. But even you have full knowledge about in trading, if you don't have money/investment your skills and talent in trading in the end still be useless.

[Finestream]

As a new comer you can trade anytime you want as long as you have capital to buy coins in any of the exchange platform, then you can also learn anytime you want too. But even you have full knowledge about in trading, if you don't have money/investment your skills and talent in trading in the end still be useless.

Of course you need to study first the crypto market before starting to trade.Once you know the basics,you can start trading even with a small amount.The more you spend time on trading,the more likely you develop your own skills and strategies.You will surely make profits in trading as long as you never use your emotions but only your brilliant minds in trading.

[Oceat]

It’s better to make your own strategy anyway

As a newcomer in trading, it might cost a lot of time and money for someone who doesn't have the right knowledge yet. Someone who can make their own strategy is a well-experienced trader already but for someone who doesn't have any single knowledge about it will literally burn their money before they realize what they were doing.

[headlesschick]

I can't even find a way to say big enough thank you for all of these tips! 3 pages of tips! I love you guys! I read through all of it and will read it again I already implemented multiple of your suggestions (stopped trading 30% and am practising with 2% split into 3 parts). Also I really love the "babypips" website suggestion for Forex trading, there's a lot of very simplified and excellent information there. After all, the tools used for trading are almost the same, yet there are many more experts in Forex than in Crypto. There's just so much useful information and I'm really looking forward to research all of it (like it's possible to read everything lol).

Currently I'm traveling in rural area of Northern India and the connection is terrible, but when I'm back to Europe, I can't wait to get into crypto at least part-time

Sending much love from the top of the world - himalayas <3

P.S. should I mortgage my apartment for BTC? jk