How do you trade?

[paxmao]

How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:

- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".

Any other?

[michellee]

I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.

The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges or join in the Binance Earn because even if the reward is small, you can get free satoshi by using that way.

[oHnK]

Combines several techniques.  Because at this time technically it is not enough and we need to look at the sentiment that is in the market.  Even if right now the market looks like it's just going to be sentiment.  And if this continues, it will be very difficult to make a decision because we have to quickly read the situation, we shouldn't be left behind by a single move because the risk can be big losses or big profits.  Then combine it into my ninja way.  lol.

[ultrloa]

I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.

So easy to think about buying low and sell high but it's so hard to find a perfect time to buy since sometimes fluctuation is so tricky that's why we need to learn on how to do the technical analysis and other things that needed to learn of so that we can get a hint on when can we possibly buy and sell.

The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges.

That is good option also but it's also good to have other option since if we really on staking rewards we might see a slow progress.

[TheBeardedBaby]

Let me say what my experience is till now. I've been trading Alt coins since October, but not a day trading it's like buy a coin, hodl until you reach the target to make a certain profit and then sell. I don't have time no nerves for day trading so I do my TA on a longer time frames.
Let's say as an example I have invested 1BTC or 16K USD price at that point in trading, it's easier to work with round numbers.
Now I have 0.86BTC or 41K of USD. So I manage almost to triple the USD amount, but compared to the BTC I lost 0.14.
In my case it will be more worth it HODLing instead of trading.
Never participated in any coin pumps or trading Doge etc. Just a regular good projects with a good possibilities.

Just a Note here. I'm not a pro trader, had some experience from years ago trading FOREX.
So for me, the better risk management is to hodl BTC. Less stress, less risk.

[Fesatmas]

Yet if we are all honest, point number 2 is something we often experience and usually apply (maybe we are ashamed to admit it). but the fact is that none can control greed when market growth is at its peak. and more aggressively, we're going to be taken further.
It is very difficult to apply methods, technical and strategies on a regular basis, we are faced with real, inconsistent and unstructured price movements. so point number two with the last point becomes a habit when trading.

Aren't we more inclined to ignore methods when trading? and decided to use the system itself. until the end of portfolio management that was not well managed.

[sunsilk]

- Not trading at all, just HODL.

This works the best for me. I don't have to do a lot of things just for me to make some and earn some. The simple strategy of buying low and selling high is legendary.

No need to be a pro trader or add some analysis that might help me. I just choose buy at lows and set a price when I want to sell.

[Swordsoffreedom]

If anyone asks me about trading, I always suggest people to divide their investment into two portions. One portion is for holding long term and another portion is for doing trading if he wants to take trading as his main business. If he had a real-life job and don't want to liquidate his invested money quickly then Long time holding is better than doing daily trading or short-term trading.
And for trading, You must have the proper knowledge about trading indicators and world economics. If you do not follow the well-known indicators like MACD,RSI,ADX,MA and so on then it is confirmed that you are going to lose your investment. So before inserting in trading life, first grow your analytical knowledge and do technical trading,

[Hydrogen]

- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".

-Automated trading
-Algorithmic trading
-Arbitrage trading
-Big data statistical trading

I'm not certain what the current status of arbitrage trading is today. That was one of the best and most reliable methods of consistently generating profits years back.

Example of arbitrage is, if you can find an exchange where BTC is trading at say $60k and another exchange where its trading at $45k. Buy bitcoin at $45k. Move BTC to the other exchange sell at $60k. And repeat the process.

Big data is another underestimated and underutilized area with profit potential. The basic theory behind it is identifying trends and patterns by analyzing massive amounts of trading data. For example some days of the year might be statistically better than other days for buying. While other days may be better for selling. There actually are traders who will crunch numbers and figure out which day of the week sunday to monday is best for buying, selling, etc. Who will trade off of those historical patterns.

[Ucy]

Just buy the significant dips with amount you can afford to lose using funds reserved in stablecoin. You could gradually sell parts of what you bought for profit as the price of the cryptocurrency rises significantly. But I'd  buy more and sell less to hold long-term & for a healthy market.

[fiulpro]

How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:

- Technical trading, using supports and technical charts.
- Sentiment trading, using greed and fear indicator.
- Not trading at all, just HODL.
- Intuitive trading.
- My own "system".

Any other?

I do feel like I am not a good trader and at the same time I do not have any substantial amount to hold for the long term so the best I do is to see when the price is rising. If I do have some money with them then I make sure to invest (but only for a short time) then I encash it when I feel like I have made a profit and do not think about being extra greedy. I did save up a lot of BTC back in the day but had to sell them so for me I did hold them for a long period of time and the results were great. Mostly BTC for me is used for everyday work , more like a salary rather than an investment but If I did have investment money I would definitely buy ! The chaotic times are exceptionally fruitful. At the same time with p2p you can avoid a lot of extra fee and can get a good price. There are days where different trading softwares provides the users with no fee trading and you can always make 2-3% extra.
Keep track of the market
Don't be greedy!!

[just_Alice]

Though I'm not trading on a regular basis, I buy and hodl from time to time. The best rule that I've set for myself and it always works (with decent crypto, not talking about shitcoins) is never trade with the money you might need. Seriously. Years ago I would invest a part of my salary in Bitcoin, but that was actually the money I was counting on. So when the price was jumping I often got nervous and did stupid things, that made me lose money.
Not so long ago I've decided to only buy crypto with the money I never counted on having, e.g. present money, salary bonuses, unexpected wins, etc. Knowing that I don't actually need this money keeps me calm at all times, so if the market's bearish - I just wait patiently.

[palle11]

How do you maximise your Bitcoin advantage? I have seen people using these, but I wonder if there are others:

- Technical trading, using supports and technical charts.

- My own "system".

Any other?

This is the accurate way I believe a trader can succeed. Your own way is the way you have understood your techniques in technical charts. You have studied them very well and made a constant practice over them and it becomes your own way or strategy. Example with the indicators, you can decide to work with longer time or short time and you follow the one you understand. Many traders base on charts but not sentiment Sentiment isn't a long time happening because you can't study people's mind always.

[Dragonfund]

The last time technical analysis were working was like 5 months ago, it has been fundamental so far with frenziness. In bull run, this kind of analysis hardwork especially with cryptocurrency in general. You often see coins pump out in every small news and when you applied it to Altcoins, they are even the worst categories to apply technical analysis.
During bull run, so many altcoins get 5x to 27x easily on pumps with no stress of keeping eye on your screen all days.
However, your highlighted points work when in an average market that's not driven by an external forceh( whales this time)   

[Mulann2]

I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.

I feel you, I have that same kind of situation too most times.



I woke up to see that BNB was already at the highest point so I decided not to buy in and wait for the price to reset. Now it just has to be a waiting game cos I am not much of a trader cos if I was, I still would have been able to make profits from this down trend if i was trading Derivatives.

The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges or join in the Binance Earn because even if the reward is small, you can get free satoshi by using that way.

Binance Earn is also a good way to earn some cryptos. I have used it before but I will take my assets when I see a good opportunity to make a better gains from Vault which I use mostly cos I don't want to lock any thing up any stake for a period when I could have made money from them, so I use vault most of the time.

[iamsheikhadil]

I love to hold more than any other thing, but actually I could never hold for more than mere few weeks because of my greed in gambling and most times losing it all. From my observation, traders who trade all the time make good money, but are in tension and mental burden all the time, while people who just hold their coins make money by just sitting idle and sleeping because they have full faith in their investments. And I know many such holders who are holding since 2014 or even early!

[Kakmakr]

I have a two legged trading strategy for Bitcoin trading...

I will buy bitcoins when there are a dip in the price and I will divide that into a 30/70 split. So 30% of those bitcoins are hoarded until we reach the Moon price and 70% are hoarded until we reach a new ATH price. (Then I take some profit)

The thinking behind this is to always have an amount of bitcoin for when the real "Moon" price is reached, but to have taken profit from the ATH high prices in between. This way, you collect profit to buy more coins on the dip to make more profits when the Moon price is reached. 

My goal for the "Moon" price = $500 000   

[nicecrypto]

I have a two legged trading strategy for Bitcoin trading...

I will buy bitcoins when there are a dip in the price and I will divide that into a 30/70 split. So 30% of those bitcoins are hoarded until we reach the Moon price and 70% are hoarded until we reach a new ATH price. (Then I take some profit)

The thinking behind this is to always have an amount of bitcoin for when the real "Moon" price is reached, but to have taken profit from the ATH high prices in between. This way, you collect profit to buy more coins on the dip to make more profits when the Moon price is reached. 

My goal for the "Moon" price = $500 000   

On point. When it comes to trading though I like to dump every thing once I catch the to of a particular price movement and also try to catch the recovery from the bottom again but I thinks this your move is quite relaxing know that as long as the coin,Bitcoin in this case still have the potential of hitting ATH, there is a reserve for it. 

[michellee]

I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.

So easy to think about buying low and sell high but it's so hard to find a perfect time to buy since sometimes fluctuation is so tricky that's why we need to learn on how to do the technical analysis and other things that needed to learn of so that we can get a hint on when can we possibly buy and sell.

If I see the red candle comes to the market, I will prepare to set my buying price and leave it until it fills. If my order buy price is not filled because it is too low, I will cancel it and replace it with the other price that I think can be filled. I am still learning the analysis and always make a mistake, but that will not be a problem for me as I can get my time to buy low and sell high.

The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges.

That is good option also but it's also good to have other option since if we really on staking rewards we might see a slow progress.

I do not mind if the progress is slow because money is not being used for anything. You can do that if you have another free money, so you can still make an additional income to give you another profit. You will amaze with the result in the next 3 or 6 months later

I am not trading regularly, but I tried to buy low and sell high. But I can not always get a good time to buy low as I miss that chance many times, but I still try it. So far, I can take profit in small money, and I still use it for trading.

I woke up to see that BNB was already at the highest point so I decided not to buy in and wait for the price to reset. Now it just has to be a waiting game cos I am not much of a trader cos if I was, I still would have been able to make profits from this down trend if i was trading Derivatives.

I also see that and I already sold some amount of BNB and made a profit from that

The other way to maximize the bitcoin advantage will be to lend your bitcoin at the exchanges or join in the Binance Earn because even if the reward is small, you can get free satoshi by using that way.

Binance Earn is also a good way to earn some cryptos. I have used it before but I will take my assets when I see a good opportunity to make a better gains from Vault which I use mostly cos I don't want to lock any thing up any stake for a period when I could have made money from them, so I use vault most of the time.

That is my plan too in the next rallies, but only if I can see my coins can increase higher, so I can sell it at a high price. In Binance Earn, we can choose Flexible or Fixed to earn some rewards. But the result will not give you a big reward because that will be the same as the investment meaning itself.

[pinggoki]

Actually I don't trade everyday but I do have some experience on an actual trading in which I am buying when the price of the coin is in a dump stage and if I am seeing it as an having a potential to pump up or increasing in price then I am buying it then when the price pump up I will sell it already, I am greedy sometimes in which I want a big profit but I learned my lesson that sometimes you need to get already although it is a small profit as long as you are having a profit on it. The moral rule is that buy when the price is low and sell when the price is high. Having a mark in order to cut the loss is important also.