My trading strategy

[bitgolden]

I strongly believe there is no strategies that doesn't have limitations but sharing such strategy will also help some of us that are still learning to trade well and will allow us to compare strategies.

Yes, we cannot have an universally versatile strategy which could withstand against all kind of market fluctuations. But, if you keep looking for such a strategy without any limitations then you will never get into market to make profits. I mean we are well aware of the fact that any strategy may get failed against unexpected fluctuations still we go with that strategy for the reason of making profits within the available things. This is how I believe even professional traders are working always.

I just forgot one member here in forum who basically do not use any indicators in trading. He just also trades based on volumes and candles.

Candle stick pattern recognition must be one of technical indicator. I also remember someone shared here their trading strategy which deals with no technical things but such things are not recommended for new to mid-level traders only experienced traders may risk like that.

[1714922996]

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[1714922996]

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[Aputura]

Bought my first bitcoins in 2018, made huge losses and now positive about learning how to trade like a pro. Problem is,  where to start with Indicators?

[Gafman]

I wouldn't call this a strategy.It looks more like a tactic to me.
A trading strategy is a long term plan about what to do with your cryptocurrency portfolio and how to maximize profits and minimize loss if certain things happen-bullish markets,bearish markets,price crash,etc.
A good strategy requires lots of accurate information about the market to be gathered everyday.
Relying just on candlestick charts and using no indicators doesn't seem reasonable to me.
OP,maybe you could share more about your experience with this tactic.Do you have more successful trades and lost trades?

I wanted to keep things short and simple for the new traders here

Of course you'll do your analysis before entering any trade for me i use the SMA(10 & 20) and Bollinger Bands getting into my analysis will be in another topic entirely

[Pamadar]

I wouldn't call this a strategy.It looks more like a tactic to me.
A trading strategy is a long term plan about what to do with your cryptocurrency portfolio and how to maximize profits and minimize loss if certain things happen-bullish markets,bearish markets,price crash,etc.
A good strategy requires lots of accurate information about the market to be gathered everyday.
Relying just on candlestick charts and using no indicators doesn't seem reasonable to me.
OP,maybe you could share more about your experience with this tactic.Do you have more successful trades and lost trades?

I wanted to keep things short and simple for the new traders here

Of course you'll do your analysis before entering any trade for me i use the SMA(10 & 20) and Bollinger Bands getting into my analysis will be in another topic entirely

Exactly, doing your analysis and testing each patterns that will works according to your understanding. In somehow traders have it's own ways to execute their trades, some might triggered and bring huge profits but some are not and you have to keep on adjusting and look for the betterment enhancing your chance and develop more useful information to position your trade.

[wozzek23]

Bought my first bitcoins in 2018, made huge losses and now positive about learning how to trade like a pro.

1. Do not trade.
2. Please listen to this community.
3. Keep holding your bitcoins until 2022 at least. If you wish you may hold until 2030 too and I bet that you will be in profit from end of this year onward.

If you wish to learn trading, you may go for it but definitely not for the sake of your bought bitcoins. Learn trading and practice more with demo money and then you may decide to trade some small portion of your first bitcoins.

where to start with Indicators?

You may start with youtube tutorials. Learn and practice because just learning will not turn you like a pro.

[SirLancelot]

Like many other people have mentioned here, for me also holding is the simplest strategy which remains profitable till date. I also tried multiple different strategies but none of them remained good always. Instead of switching strategies often, I decided to go with only one way of trading which is holding and I am happier with my decision of quitting active trading.

I guess holding must be a suitable strategy for most of the people regardless of their capital amount and knowledge and skill levels. But, I am not sure why not ready to accept the concept of long term holding; one probable reason could be not having enough faith on the futures of bitcoins and cryptos.

[rathaha10]

I've been trading for roughly 2 years now and I've been able to use some strategies that work quite well for me. I'm sharing my idea here for both new and experienced members.  Comments and Additional ideas would be appreciated

From your description, i have to assume you're a daily trader. Nice strategy you drafted out for yourself and I'm glad it's working fine for you but the mystery about trading is that this strategy can't work for many other people. I've been in this space for years but unfortunately, i not good with daily or short time trades as I've do end up burning my account any time i try it.

[HatakeKakashi]

If the strategy that you used is works to you and you want to share to us that is good and I've appreciate that .
Maybe the otherd will try this startegy and if it's works to them maybe they will continue to follow it or continue to use it.
Sometimes strategy is depends to the trader because they have some technique that are applicable to you but not for the others.

[Subbir]

I accept as true with you no one's business strategy is different from anyone else's That's why i feel it might be best to use your intellect and practice business strategies in several places albeit it's damaged it'll be ready to find the quantity of injury and move forward again. therein case there's no got to believe anyone.

[onrise]

I've been trading for roughly 2 years now and I've been able to use some strategies that work quite well for me. I'm sharing my idea here for both new and experienced members.  Comments and Additional ideas would be appreciated

From your description, i have to assume you're a daily trader. Nice strategy you drafted out for yourself and I'm glad it's working fine for you but the mystery about trading is that this strategy can't work for many other people. I've been in this space for years but unfortunately, i not good with daily or short time trades as I've do end up burning my account any time i try it.

There is no harm for people to share their strategy, but one should not assume that the same strategy might work for them as well. It may or may not as everyone has different risk appetite and difference in strategy used. Some may be ready to stay invested for long term and other may not be ready for such long term. One should develop their own strategy which suits them the best.