What's your trading strategy?

[thecodebear]

For you lovers of the trade, what's your go-to trading strategy?

Personally I just go after daily volatility. Day trading can be dangerous as it means you're constantly getting into trades so when prices suddenly plummet for weeks or months you can be left holding sinking bags, as opposed to something like swing trading where if the price plummets after a pump you still have time to get out with profits. But I think you can lessen the risk by incorporating a swing trading macro strategy on top of day trading - by which I mean if you look at the slightly more macro/mid-term level like a swing trader would you can lessen your trading when it looks like resistance might push the price down and you can be mostly in cash set at lower buys in case the price does drop.

Still risky and you still need a good amount of luck and more importantly very good risk management, but I find that there is so much daily volatility much of the time that just playing off that is a recipe for consistent daily gains which turn into big gains over the long term.

And when I say going after daily volatility, to me it is key to not worry about beating the market, that way you don't FOMO in after you miss most of a big move. If everything shoots up 10% in a day and you only catch 2% of that it's easy to think you did a terrible job. But if you are just riding daily volatility it doesn't matter if you miss the vast majority of a major move, as long as you got a tiny bit of it and don't FOMO in and get on the wrong side when a correction comes and you keep up those daily gains that is all that really matters.

1% compounded daily gains doubles your money every 70 days. If you're able to do half that over the long term that's doubling your money in less than 5 months (139 days). I'm all about that daily volatility gains.

[Wind_FURY]

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

[CryptopreneurBrainboss]

It works in two ways for me although I recorded more success when I just buy and hold then sell to take some profit when  I see the an opportunity like most pumps that if you have observe the market for quite some time you could easily identify them as spikes and not healthy market growth that in matter of hours they'll retraced back.

My first trading strategy has to do with buying on fud, when there's panic in the market that's when I step in to get some cheap coins. I don't always get my timing right but in situations like that I result to holding instead of panic selling. I differentiate my trading coins from my investment ones that obviously won't be disturb for a very long time.

My second strategy has to do with buying the rumor in anticipating for a spike. I'm more of an occasional trader, I hardly trade on a regular base but don't miss an opportunity when I see one.

[KnightElite]

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

I'm part of those 10% who actively buying and selling cryptocurrencies or in a simple term I do trading. Before I did hodl and for me it is not profitable when the bearish market strike. Hodl is good but we should do it when the market is bullish because buyers are in control. Actively buying and selling cryptocurrencies are not simple and it is not easy, if it is easy for sure most of people will also do it but the reality the risks are so high and only few people manage to handle the risks very well. I sometimes do range trading but my strategies depends on the trend of the market.

[samcrypto]

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

My mindset is not to beat the market but to hit my profit goal and that makes me more a stable trader. You don’t have to complicate your trading strategy, all you have to do is learn the basic things and do it right. Trading is about 10% execution and a 90% of trading discipline, we have to be more better as a trader and that can be your good strategy.

[CarnagexD]

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

One of the basic concept to make more earning into trading is using the trading strategy of buy low and sell high most of the people use this kind of technique to make more earnings because there is a huge chance to make more income, but still it is better to make choice on your trading If you make more profit in a single day you can do the altcoins trading because those are the most volatile, but if you want to make more a long term trading bitcoin are the suitable for that because it takes a lot of day and week before it makes a huge movement. Still it depends on the things you want to do to make earning.

It works in two ways for me although I recorded more success when I just buy and hold then sell to take some profit when  I see the an opportunity like most pumps that if you have observe the market for quite some time you could easily identify them as spikes and not healthy market growth that in matter of hours they'll retraced back.

My first trading strategy has to do with buying on fud, when there's panic in the market that's when I step in to get some cheap coins. I don't always get my timing right but in situations like that I result to holding instead of panic selling. I differentiate my trading coins from my investment ones that obviously won't be disturb for a very long time.

My second strategy has to do with buying the rumor in anticipating for a spike. I'm more of an occasional trader, I hardly trade on a regular base but don't miss an opportunity when I see one.

It is good too to becomes more observer and make a trade rarely because you know your self and your calculations about the msrket movement and if you think it is time to buy go for it and hodl for a long time and wait for the right time to sell and get a huge profit, still it depends on your trading techniques if this kind of trade makes more effective. Also don't get make any panic selling if you think you made a mistake on your trades still it is good to hodl to avoid getting lose more when you sell in a wrong timing.

[Angemas]

My strategy is only HOLD for longterm, because when i do daily trade my emotion always control me. already search guide for trading but not work for me, so now i'm only HOLD major Altcoin. and yes my portofolio growth since last year.. ^^

[jrrsparkles]

Day trading looks profitable at the end of days, weeks but if you calculate the profits at the end of year it will be more or similar to the profits from mid terms trader or even holders so it is like you are doing too much work to climb the same height as an average trader.So you can invest that extra time into some other thing to make more profits.

[Twentyonepaylots]

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

My mindset is not to beat the market but to hit my profit goal and that makes me more a stable trader. You don’t have to complicate your trading strategy, all you have to do is learn the basic things and do it right. Trading is about 10% execution and a 90% of trading discipline, we have to be more better as a trader and that can be your good strategy.

Sometimes you need to push more to achieve your profit goal, for example you have a 24 hour trade deal but it's gonna be late to max the profit out, you need to push more than your plan so you could get your target. Plan does not go as planned, sometimes you need to make an another path that has the same ends as what you began. Risking 10% is good to me, but in my case I'd always like to risk more than that 10%.

[thecodebear]

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

My mindset is not to beat the market but to hit my profit goal and that makes me more a stable trader. You don’t have to complicate your trading strategy, all you have to do is learn the basic things and do it right. Trading is about 10% execution and a 90% of trading discipline, we have to be more better as a trader and that can be your good strategy.

Exactly. Not trying to beat the market is key I think. Sometimes of course you will like when you sell for profit and then there is a dip and you get to buy lower. But beating the market shouldn't be the goal, because that leads to FOMO, panic, emotional trading. Like if Bitcoin pumps hard and all your sells are hit and you are watching yourself miss out on lots of gains it is very easy to FOMO in and then suddenly you find the price dropping from the top of the pump and your trade is quickly negative. But if you are happy that all your sells got hit so you made a good amount for the day, then you won't make an emotional trade like throwing a bunch of your money into a possibly risky trade well into a pump.

Some people would say why trade if you aren't trying to beat the market, instead just HODL. But to me day trading is to make income. Most of my coins are long term holding, but that is money that I won't have access to for years because it's long term. Meanwhile, I can trade daily and make income regularly. The goal isn't (and shouldn't be) to beat the market, the goal for me is to use crypto's high daily volatility to make regular income.

[wozzek23]

Holding is my successful trading strategy so far in this crypto space. I have tried daytrading and scalping but both were not profitable even I have subscribed to some paid signal services (by not having confident on my own research and analysis). Simply focusing on bitcoin and few other highly reputed altcoins and holding them for months to years, you can beat all the required knowledge and experience for making profits in trading.

Yes, you do not need any strategy like big knowledge and experience for making profits in this crypto space when you are opting for holding for years but only with highly reputed assets (means not with random coins)

[tvplus006]

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

I'm part of those 10% who actively buying and selling cryptocurrencies or in a simple term I do trading. Before I did hodl and for me it is not profitable when the bearish market strike. Hodl is good but we should do it when the market is bullish because buyers are in control. Actively buying and selling cryptocurrencies are not simple and it is not easy, if it is easy for sure most of people will also do it but the reality the risks are so high and only few people manage to handle the risks very well. I sometimes do range trading but my strategies depends on the trend of the market.

At an early stage of learning about cryptocurrency, I chose a hold for myself. It was a simple solution that did not require special knowledge about trading. As a result, I received large losses from the altcoin hold after 2018. After that, I changed my strategy and started trading.

[darewaller]

Small movements are never consistent which is why people are going for that bigger movement most of the time. Sure you could make 1% profits in many days but there is the fact that you may not be able to do that as well.

There are very very simple bots that literally buys bitcoin and sells at 1% profit and does that constantly, sometimes it buys and actually does sell when it has 1% profit and that is great, however there are times when it buys and bitcoin drops so it has to wait a long time before it can make a profit 1% again, remember this bot only does one thing and that is sell at 1% profit and if it goes down 40% that means it will still wait until it makes 1% profit. If that strategy was a good one, believe me everyone would use those bots and become rich.

[Masterswarm]

My method has been to buy using Bisq and hold.  I take 15% of my paycheques bi-weekly.  Never sell!

[thecodebear]

Small movements are never consistent which is why people are going for that bigger movement most of the time. Sure you could make 1% profits in many days but there is the fact that you may not be able to do that as well.

There are very very simple bots that literally buys bitcoin and sells at 1% profit and does that constantly, sometimes it buys and actually does sell when it has 1% profit and that is great, however there are times when it buys and bitcoin drops so it has to wait a long time before it can make a profit 1% again, remember this bot only does one thing and that is sell at 1% profit and if it goes down 40% that means it will still wait until it makes 1% profit. If that strategy was a good one, believe me everyone would use those bots and become rich.

That's why you don't use a bot!

I wouldn't trust my trading to some bot. I get in and out of trades at usually 1-6% profit or so, of course only using a portion of my trading stash for any one trade. The most dangerous part is of course watching out for that big decline, which is why I said you gotta use some mid-term swing trading strategy at the more macro level to lighten your loads and be more risk averse when you think the market is reaching a resistance point and might correct downwards, though of course that is really just a guessing game but as in any trading strategy, risk management is the key. With good risk management riding that daily volatility can build up profits quick.

[cafetools]

I do more of day trading/ several day trading. I usually look for big moves at %5-%10 instead of day trading people who trade 5 minute candles. Although i am not a pro yet, any profit is good. If i could make %0.5 i would do it.

[thecodebear]

I do more of day trading/ several day trading. I usually look for big moves at %5-%10 instead of day trading people who trade 5 minute candles. Although i am not a pro yet, any profit is good. If i could make %0.5 i would do it.

Agreed. Usually I look for several percent per trade, like 3-5% I think it my most common profit taking area, but if I'm getting worried about a drop I'll pull out at a percent or two.

Sometimes I'll try to do like a 10% trade but usually the price will move up and down in waves several times before it would end up hitting the sell order so I figure its better to try to ride those several-percent waves a few times instead of just waiting around. Basically I'd rather take decent money today than hope it keeps moving up for a big trade without moving down first.

Sometimes when I cancel that higher sell order it will like within a day or less shoot up to where my higher sell had been sitting haha (that happened today actually), but hey I made good profit selling lower and I'm making that daily income so it's all good. That's why I don't worry about missing out on most of a big move, because I'm just working the daily volatility. Riding daily volatility also helps to make me less likely to FOMO into a pump, because if the price pumps and most of my sell orders get hit I probably already made a bunch of money for the day, so I won't be too concerned about making a bunch more money that day and won't be getting risky trying to continue riding the pump hard to make a ton of money on it because that isn't what I'm looking for with this strategy.

So other than major crashes that get my trades stuck or force me to take a big loss I don't really care how the market is moving as long as it is moving. And of course I need to be practicing good risk management and striking a decent split between trading and patience...that is the hard part of trading!

Generally if I notice most of my money is in trades that's when I'll try to get out of a couple trades ASAP at a low 1% profit or something to mitigate the risk in case the market is about to drop.

Despite constantly making mistakes I find I can average almost 1% a day on my whole trading stash outside of major corrections. Still working on avoiding getting caught all in on huge market corrections like Black Thursday last month haha. I went from being $6k up for the year to $3k down for the year before I finally sold after the price rebounded to the $5000s. Today I just got back to $1k profit for the year after digging myself out of that $3k hole the past month ;P

[sheenshane]

snipped-
Day trading is very difficult and requires a lot of new knowledge and you will surely need to know a lot to succeed.

I tend to agree with this, day trading is very difficult to gain profit and aside from that, it is also a very high risk to manage. It's required for you to sharpen your mind when it comes technical analysis or any strategy you were use. Probably if you are expert in trading business job it is good to pursue in day trading and use trading tools like trading bot that might help you to watch the sell and buy point which isn't consume your whole time facing in front in your PC.

I prefer in long term trading maybe than day trading using my own strategy.

[leea-1334]

10% of active traders beat the market, and of that 10%, just 10% of them beat it to make it their profession. We're the 90%. The plebs.

The only path to success for plebs is to, buy the dip and HODL.

Agree 100% with you brother! You have to admit that you are a regular dude or dudette,,, and that we should not try to kid ourselves by thinking we are special and we can beat the market. We cannot. Just buy, save regularly and be patient, our day will come surely!

[Assface16678]

One of my trading strategies is making investment while the market price of the coins is low and from the previous weeks the market price of the coins goes down and we called as a dip and by that it is good opportunity to make an investment while the market is low and one thing you should know when you are in trading go for what you can afford because most of the time people now are pushing their selves to make an investment. One of my basic strategy in trading is buying low and selling high because it is faster to make more earnings but take not I used the altcoins to make more profit because altcoins are one of the most volatile in the market and if I want to make more earnings for a long term bitcoin is good also find some application that is suitable for your needs for me I'm using the Binance and also the coinbase because they have good features for trading they always monitor the market price of the coins and also they aware their users with the help of notifications.