What's your trading strategy?

[bitgolden]

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!

That must be very practical strategy every bitcoiner must need to follow. The only thing I have seen most people here are not having is, patience. Even they are well aware market fluctuations, they just want to try their luck which is most of the time ending up in negative results. Simply buying and holding bitcoin and few other coins definitely will get them big profits over the time but they do not having that much patience hence they all go for day trading.

If we realize that we cannot beat the market then we may never go for trading. We need to agree that making profit in trading is very much similar to beating the market. Market never allows anyone to beat it in easier manner. We need to work hard for beating. But, holding gets us to easier chances to beat the markets and its fluctuations .

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[Yatsan]

The very most effective strategy with the current market situation is to buy and hold, with the pandemic resulting casualties outside the digital world stock market is declining and so the oil industry, the cryptocurrency market on the other hand has the resistance of the price from its decentralization core. Trading seems to be quite off these days but I, personally having a good gains trading in Binance. If there is one thing I need to point out with what I am seeing to a lot of traders today, that is the greed, most of them often running things within just a day having short temper and less patience on dealing to the market which causes them to lose more.

[Ifemini]

For me, i follow one of the simplest trading patterns. I highlight series of tokens, research about them, watch their indicators, follow the trend; then wait for a bear market to get in and buy the tokens; After which i place my sell order too depending on what the indicators shows.

Mostly do this with altcoin tokens on binance, kucoin and hydax.

[mersal]

For me, i follow one of the simplest trading patterns. I highlight series of tokens, research about them, watch their indicators, follow the trend; then wait for a bear market to get in and buy the tokens; After which i place my sell order too depending on what the indicators shows.

Mostly do this with altcoin tokens on binance, kucoin and hydax.

But random tokens and coins have less chance to get recovered from the bear market so don't just follow this strategy all the time, better you add one more criteria like the market cap value of the token or coin is high and the development team behind the project is doing enough development to keep their investors holding it.

[TheGreatPython]

random tokens and coins have less chance to get recovered from the bear market so don't just follow this strategy all the time, better you add one more criteria like the market cap value of the token or coin is high and the development team behind the project is doing enough development to keep their investors holding it.

When you classify as random then it would be much better not to trade with them regardless of what are new criteria will be adding up. Most traders are just focusing on developing a stronger strategy but failing to choose the right asset to trade with. In my experience, strategy will be playing a minor role compared to what are the coins we are choosing to trade with. Because, you can easily find your strategies will be working fine on highly established coin rather than with a new coin.

Fake development team kind of things are easily made these days hence considering it is as a criteria to choose a coin for your trading purposes will lead to disasters.

[mersal]

random tokens and coins have less chance to get recovered from the bear market so don't just follow this strategy all the time, better you add one more criteria like the market cap value of the token or coin is high and the development team behind the project is doing enough development to keep their investors holding it.

When you classify as random then it would be much better not to trade with them regardless of what are new criteria will be adding up. Most traders are just focusing on developing a stronger strategy but failing to choose the right asset to trade with. In my experience, strategy will be playing a minor role compared to what are the coins we are choosing to trade with. Because, you can easily find your strategies will be working fine on highly established coin rather than with a new coin.

Fake development team kind of things are easily made these days hence considering it is as a criteria to choose a coin for your trading purposes will lead to disasters.

99% of the new projects are useless but when someone wants to find the remaining 1% of good projects and want to get maximum profits then they have to work for it which may needs lot of criteria to be researched of and trading volume is just a small part of it.

[iv4n]

I trade for years, but I don't have any special strategy! First trading is my hobby, second I don't trade every day, I don't have that much free time. I have fun when price makes some big move in either directions, when it drops hard I buy, after some time of bullish period I sell, bitcoin always recover! Sometimes it takes longer, but it happens, so I try to keep it simple. When I have time I like to have fun with day trading, but to be honest I don't make huge profit or loses, for me it's going better longing and waiting for some of my sell orders getting executed, and sometimes that happen in day or two and I make nice profit!

[Arkann]

I trade for years, but I don't have any special strategy! First trading is my hobby, second I don't trade every day, I don't have that much free time. I have fun when price makes some big move in either directions, when it drops hard I buy, after some time of bullish period I sell, bitcoin always recover! Sometimes it takes longer, but it happens, so I try to keep it simple. When I have time I like to have fun with day trading, but to be honest I don't make huge profit or loses, for me it's going better longing and waiting for some of my sell orders getting executed, and sometimes that happen in day or two and I make nice profit!

If you have been trading in the cryptocurrency market for many years, then you are a rather experienced trader and you can easily navigate the cryptocurrency market like a fish in water.  Of course I envy you kindly.  I’m just starting to learn how to trade and there’s practically nothing to say about my results. But the only thing I can say is that I become very motivated if I get a certain result from daily trading.  If I see that something is working out for me, then I always start to work with renewed vigor and with great zeal.  Although I also can’t understand what strategies traders can use, since the main rule is to sell more expensive and buy cheaper.  And the main task is to choose the right coin for trading, which during the day, with daily trading, fluctuates in price several times, giving a good percentage of profit.

[Zemomtum]

My strategy, for now, is just to adopt swing trading to minimize the risk that is associated with day trading. Day trading is much harder mos, especially for the newbie. 

[Yamifoud]

My strategy, for now, is just to adopt swing trading to minimize the risk that is associated with day trading. Day trading is much harder mos, especially for the newbie.  

Yeah, swing trading isn't the best strategy to use when you are just learning about trading, it could be best to use the basic strategy and one trading platform.
Actually, I am just a casual trader and just making trades when I have time. And only one thing I have often to use is to check the current market flows and I'm not in trading when the market is already at high. I should have to wait for the price to drops and start again.
And also it is very important to choose the best coin to trade because this will affect the result.

[CHENIEN]

for me, the most important is using my own money for trading to avoid getting debt, practically, it is better to have a sufficient amount for financial support before I go through the expected type of business because of borrowing money through lending is riskier and it is easy to drain and besides, I believe that using our own money for real trading is very comfortable with sounds great.

[fudster]

Whatever works for you. Som trader says it's easy but it's not really that easy.

My strategy, for now, is just to adopt swing trading to minimize the risk that is associated with day trading. Day trading is much harder mos, especially for the newbie. 

You just can't create your own opportunity in day trading without risking a lot of your funds. But with Swing, you can just wait for something that will open up for you to jump right in. With the right tool like RSI and some other indicators, it's all good.

[el kaka22]

for me, the most important is using my own money for trading to avoid getting debt, practically, it is better to have a sufficient amount for financial support before I go through the expected type of business because of borrowing money through lending is riskier and it is easy to drain and besides, I believe that using our own money for real trading is very comfortable with sounds great.

Yeah, the only time I'd ever borrow, even margin for example, is if I was in desperate situations. Problem is most people borrow to make money in this case, not accepting that whatever money they deposited in is likely to be lost. Business borrowing is different, that's capital for actual commerce. Trading on broker platforms is not that.

Yeah, business borrowing is something even suggested if you are growing big enough, if you have a place that makes a decent amount of money that could potentially even make more money but you do not have enough capacity to cover that difference, you take out a loan and expand your business to cover all of it and make a greater revenue in the end.

However, traders thinking the same way about how they are making a decent return with the amount of money they have so they could make even bigger profits if they had a lot more money and takes out loans for it as well, which is not smart because a business revenue is usually a linear thing, if the company is doing well enough it will continue to do well, they usually have contracts to prove that, not that all of them can continue but most of them takes it out that way, traders can't guarantee income, they can profit for a whole year and suddenly start to be horrible the next one.

[shollyen]

Whatever works for you. Som trader says it's easy but it's not really that easy.

My strategy, for now, is just to adopt swing trading to minimize the risk that is associated with day trading. Day trading is much harder mos, especially for the newbie. 

You just can't create your own opportunity in day trading without risking a lot of your funds. But with Swing, you can just wait for something that will open up for you to jump right in. With the right tool like RSI and some other indicators, it's all good.

You got the main point right there. I am not very good at trading and i am always conscious of just diving in to start. I look for loopholes, which serve as opportunities. Immediately I get one, I see it as a place to start from, but if it is all about the pump, I just pause until the opportunity comes, or I move to another trade.
Also, I love a market that swings a to. After finding the opportunity to start, i dive into the swinging market and that is where I believe my grids can function most.

[Gafman]

My trading strategy everyday is to go in to each of my positions with 3-3-5% of my balance.
Make at least 5-10% Of profit on my total balance
And incase of a bad day of trading where i record loss above profit i seat a trading day out and try and analyze a little bit more and come back stronger.

[Dr.Osh]

buy at the time of dip, and hold it. so far, my plan is very simple. I am targeting coins that have very good information to develop. for example, for now, bitcoin and ethereum. I have had several ethereum to date, and wait until the price is more than $ 350 before making a decision to sell or keep holding it.

[uray]

I'm more of an occasional trader, I hardly trade on a regular base but don't miss an opportunity when I see one.

Majority of the traders here are occasional who enter the market when the price goes down and you enter the market and wait for the market to rise and book your profit, i have my assets for the long terms and i spare some for the short term and my only aspect is to hold till i get my desired profit be it in the long term or the short term.

[Shasha80]

Everyone has their own trading strategy, but most people in trading are always looking for safety, that is, with certain holding coins
until the profit is reached. That's the easiest strategy in my opinion, but I have my own trading strategy. Because I like challenges,
I really like daily trading. Indeed the risk is very large, but the opportunity to be able to get profits is also very large. I focus on taking
3% profit per day, even though the results are small. But it can reduce the risk, and also if the profit I get is accumulated for a month.
The results are quite large in my opinion.

[asus09]

I have unique with trading strategy where always buy coin after touch support price and look have higher chance to get much profit, but always buy and trade with potential coin have many exchange market listing and look continue for their team build this coin at the future. Never trade with coin have been on higher price.

[Mpamaegbu]

Trading isn't an easy thing, especially day trading. Even though you may be making a living from it sitting on your bed in your bedroom with a cup of tea by your side, it's no mean feat. Your eyes and heart beats suffer it, constantly facing the screen. When I traded it was either short or long term. Sometimes I made profits and other times the profits seen turned into loses when the coins plunged. When I go back to trading, it will be to horn my skills more on the same short and long terms because they're easier to manage than day trading.