Which type of trading you think is good?

[RapTarX]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

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[joniboini]

I'd say it depends on the markets. If there are no fundamental changes (good/bad news) in a week or so, TA would be reliable (to some point), assuming volume is not an issue. If that's not the case, I'd trade on news. If that's not the case either, I'd step away from the market and chill for a while.

[Beparanf]

This two were important factors in trading, since news cam hype the traders or investors to buy or sell. While Technical Analysis can bring us more idea whether that project is worth investing and we can be able to trade it by monitoring the charts. We must Abe updated with these 2 or atleast have one that is mastered and see for ourselves if which method works on us best, but first we should try both.

[nelson4lov]

In my opinion, it's best to enjoy the best of both worlds – utilizing both methods of analysis in order to make profit. I've seen cases where fundamental analysis (news/ events) don't move prices like in a bear market, in such cases, it's good to have the basics of technical analysis at least in order to navigate the market. Here's some reasons why I think you should use both :

1. They are both tools in your toolbox– use them: there's no doubt that you can make profits with either analysis but it gets better if you use them together. Imagine a project releasing a major news just when the price is sitting at a critical support level? That's right.

2. Use them to confirm your bias:  Since trading is all about know price action movement, it's important to pay attention to details. For instance, If price is moving towards a major resistance with a news, no matter how big that news is, you have to take a step back and watch what happens at that level - did sellers came in to push the price down?  If no, continue riding the trend, if yes, set a trailing stop loss.

3. Catching trends early and making better entry and exits points:
This is similar to everything I've written so far. You can use news/event aggregators like coinmarketcal and get events like Mainnet launch / updates etc or any other news that could move prices. What do you then do? You use TA to ensure that you're buying at a good zone so you can maximize your profit margin and probably zones where you want to exit your trades/ positions.


I've seen people who are successful trading with only fundamental analysis, I have also seen people profit with technical analysis. But the best part is when you can use both tools to your advantage and increase the market odds in your favour.

[AjithBtc]

Rather than professional trading I find the trading practice with small funds to be a better choice. In such trades one can minimize the loss and execute trades in a very short time period. I always go for trading with a small difference between the buying and selling price generating minimal profit. As the market keeps fluctuating, profiting can be made regularly.

[Oasisman]

TA's are usually based on the historical price movement and market statistics, including the calculation of volume of trades per day/weeks/months and current coins/tokens in circulation.
While fundamental news is predicting price movements using the world events and project development that could potentially influence the crypto market.
IMO, If you could both use this two when you're trading you'll for sure reducing the risks of a lossing trades.
Nevertheless, neither of the two is a good tool to predict the price movements, but using both is better.

[Ryker1]

Well, as you have mentioned both all are important in trading. You will not use only TA but at the same time, you will also need news for your daily trading activity. These are very important to have prediction nearly accurate than without having a source of your prediction. That's why we have called in trading, the Fundamental ^[FA] and Technical ^[TA] analysis which is very important in trading. You can speculate using your TA without your FA, they should always be together.

[logfiles]

I would say combine both TA and event News for a much better performance. As a day trader, I have come to realize that you cannot rely only on TA or Event news when making trade calls because sometimes the market does not respond as expected. Using both gives you the power to much more than some relying on only one factor.

[AmoreJaz]

This two were important factors in trading, since news cam hype the traders or investors to buy or sell. While Technical Analysis can bring us more idea whether that project is worth investing and we can be able to trade it by monitoring the charts. We must Abe updated with these 2 or atleast have one that is mastered and see for ourselves if which method works on us best, but first we should try both.

because here in crypto, usually TAs are not in play in most alts. but it is your advantage to have TA knowledge if you are into trading of established alts. the combination of these 2 will greatly help you on how to attack a certain alt. but when it comes to pump and dump coins, you dont need your TA power here, but your knowledge on how and when the team is strategizing to get their money out of this scheme. so both techniques are good if you want to optimize your potential in trading.

[tabas]

I'm the same with you, not also a TA expert, and mostly relies on the news and market sentiment. If there is positive news coming from specific crypto, I'll monitor it around for minutes to a few hours and will wait if there's a reaction coming from that news.
I think I'm more effective with that but also taking note of the TAs which are perfect and helpful for me. Kind of both for me but more of news.

[pixie85]

A trader has to consider everything. You shouldn't focus on the news or technicals alone.

OP is a bit confused because news and TA are very different.

News are not predictions but rather things that can influence the price despite technicals. They can play into your TA or contradict it but whether you take them into account or not you should always base your trades on Technical and fundamental analysis adding news and the situation in economy and other markets to the mix as needed.

[hassancisse]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

Fundamental analysis beats any technical analysis. After checkinn the news and event for the day you can now analyse technically bsed on what you saw

[Ridwan Fauzi]

Maybe you are not compatible to be a day trader unless there are an event/a big new which happen everyday (it hard to happen). But for myself, I always integrate the bot strategy when I'll start to entry, yeah so far I never try to entry without technical analyst and fundamental analyst.

I'll start to make an analyst from news first, there are a lot site related to crypto and I just need to read them one by one or pick some news that I think it will affect to the market. After that, I'll compare with technical analyst, I'm not expert to technical analyst too but at least if I know how to find strong support and resistence, candlestick pattern and chart pattern is enough to me to find the right time to entry/exit.

[crzy]

Good traders should not ne based to anyone and should be more flexible on using resources around the market. It can be a news, fundamental and technical so if you want to be good then you must keep on learning. I have a simple principle in trading, as long as you hit your target and you make more profit than your losses then you are a good trader and can handle the stress of the market.

[rexxarofmoknathal]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

]
In my opinion, the more information you have the more of an informed decision you can make. Therefore, I'm in favour of using both strategies combined rather than using them on their own. I have done this in the past, and as the theories state when you have more data, you can start taking more risks because your spread of data should help you better understand the market and when to plan your market entry/exit.

[palle11]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

A man's cherished food can become poison to another man.
Just as you don't use TA to analyse your market, others too might not find it funny to understand. The point is, there should be a good collaboration between TA and news details.

[sheenshane]

IMO, as good traders you should find any resources as much as you can and both OP mentioned are also may your resources in trading.

There is a collaboration with all your references, the TA, and the news, or any events out there might also have an impact on the market. I think this stuff might you consider as a tool to use to speculate the market and using TA is the most important and to create this you should find other resources.

If you had many resources at least you can make plan B if plan A will not working. The fact is that trading is more on calculation and this isn't easy task. So, don't expect everything is easy in trading.

[goaldigger]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

A man's cherished food can become poison to another man.
Just as you don't use TA to analyse your market, others too might not find it funny to understand. The point is, there should be a good collaboration between TA and news details.

That’s a good combination to become more successful in trading and sometimes we need more news to help our TA works, because we know the rules react on the news which most of the time is accurate either to buy or sell.

Every resources that you have you should combined it and make a good plot of your trading plan, without this it will be hard to become profitable. Trading is not easy, it takes a lot of sacrifices to improve your skills and knowledge, if you have limited resources then keep improving that resource, it can be a big help.

[sarmrakib]

Technical analysis is so tough you have to study on it .I follow the number two-Event news it is much easier than all .I follow the channel and when i got any news, I do my trade .I always made profit on my way .I think it's better for me and also who are new in trading could follow this .

[maydna]

I'm not going with existing theory. I have categorized trading as follows-
1. Based on technical analysis
2. Based on event news
While I'm not much expert in TA, I can achieve it if I spend some hours a day for a month I belive.
On the other hand, trading based on event news is pretty easy. You don't need to have much knowledge other than the capacity of ebaluating a project.
What do you think? Which method is good?

I think that will depend on how good that person analyzes the market because some people will trade based on the technical analysis, but the other people will trade based on the event news. But the other people will trade based on how the market moves, and if they think that they can enter the market and buy the coin at a low price, they will do that and try to analyze some coins to buy.

People will select what method will work well for them, and they can't use the other people's method if that method does not work for them. It is better to search what method can help us make a profit, which is why we need to learn about the market analysis. I would not say that it is easy to do because that will depend on our skills.