My trading strategies

[tbterryboy]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

That’s a really good technique as long as you know how you’re going to be using the right way, but if you don’t it’s not going to be working.

The technique wouldn’t work if you’re making use of the top altcoins, because those ones are always following bitcoin on every move, and that means you wouldn’t catch them like this. You can only be doing this with altcoins that has no association in their price movement, and at that you will have to be very careful with the coins you choose, so you don’t buy a coin that will fall and not recover again.

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[Insanerman]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

That's just the plain basic strategies dude. It is common as we all know what would be the effect of Bitcoin dominance to the price of overall market. Also, it is only applicable to strong alts like ETH, XMR, XRP, as they sometimes move towards the opposite side of the trend of bitcoin. Understanding Bitcoin dominance could really help you out on what market you could enter at the specific period of time, but not really that effective if you were to trade with leverage or scalp coins.

[teosanru]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

How do you decide which alts to buy? These days I have seen top alts like ether just follow the chart of Bitcoin and behave differently from other alts. So do you buy smaller alts in this situation? Moreover how do your predict that this is enough down? I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same? But I still doubt how much profitable you have been just by following this strategy and nothing else.

[bitgolden]

I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same?

I am seeing lots of people are trying to make use of the metric of bitcoin dominance but not sure about their success ratio. An altcoin is rise or fall definitely not linked with bitcoin nor with bitcoin dominance measurement but what technical and investor sentiment imply. Having strategy  of trading altcoins in opposite direction of bitcoin markets sounds crazy IMO as well.

Understanding Bitcoin dominance could really help you out on what market you could enter at the specific period of time, but not really that effective if you were to trade with leverage or scalp coins.

Could you please enlighten me how and why it will not be effective against leveraged trading? In my understanding a strategy cannot do anything with leverage trading. Scalping is based on very short term trend which will not be effective against bitcoin dominance based trading? I guess I must learn more on this.

[Reid]

How do you decide which alts to buy? These days I have seen top alts like ether just follow the chart of Bitcoin and behave differently from other alts. So do you buy smaller alts in this situation? Moreover how do your predict that this is enough down? I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same? But I still doubt how much profitable you have been just by following this strategy and nothing else.

It's difficult to look for an altcoin that behaves like that.
Alts have their own market and Bitcoin is mostly paired by traders now with stablecoins for safety.
So, to find one altcoin that moves with regards to Bitcoin fluctuation is like finding a needle in the haystack.
Sure, they are dumped now when bitcoin was dumped but there is no assurance that it's just because of that. There may be different reasons behind it.

Believing is not easy especially when there is no proof presented by the OP. I also have doubts about it.

[rosebrand]

On a serious note your trading strategy Is really good and simple that even a a newbie can also use same strategy easily and also be successful as well, your strategy follows the law of trading which is buy low and sell high. Buying low and selling high is the easiest way to make profit with less risk applied, but at same time this trade can play with your emotions making you not to take the right decision at the right time, most times you can enter a trade at its deep and it keeps going deep, placing a trade isn't the main focus but the action you take after after your order is picked is what makes your trade profitable.

[teosanru]

I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same?

I am seeing lots of people are trying to make use of the metric of bitcoin dominance but not sure about their success ratio. An altcoin is rise or fall definitely not linked with bitcoin nor with bitcoin dominance measurement but what technical and investor sentiment imply. Having strategy  of trading altcoins in opposite direction of bitcoin markets sounds crazy IMO as well.

~snip

Actually yes as well as no. Obviously bitcoin dominance is not any price action it's just an indicator created by people. But it's not against the market instead it's towards the market. Bitcoin dominance indirectly takes in consideration prices of all the coins as it's calculated through market capitalisation. It's based on the old market principle in crypto that when btc rises alts stay around or crash and don't rise with same pace but when btc falls alts fall even harder. Alts rise when btc stabilizes. Bitcoin dominance is a lagging indicator which helps tell us that bitcoin is stable while alts are moving.

How do you decide which alts to buy? These days I have seen top alts like ether just follow the chart of Bitcoin and behave differently from other alts. So do you buy smaller alts in this situation? Moreover how do your predict that this is enough down? I have heard this strategy earlier but I think people use Bitcoin dominance in this strategy. They basically would sell alts when bitcoin dominance is on verge of rising and would buy alts when bitcoin dominance is falling. Do you do the same? But I still doubt how much profitable you have been just by following this strategy and nothing else.

It's difficult to look for an altcoin that behaves like that.
Alts have their own market and Bitcoin is mostly paired by traders now with stablecoins for safety.
So, to find one altcoin that moves with regards to Bitcoin fluctuation is like finding a needle in the haystack.
Sure, they are dumped now when bitcoin was dumped but there is no assurance that it's just because of that. There may be different reasons behind it.

Believing is not easy especially when there is no proof presented by the OP. I also have doubts about it.

If you've any doubt about this check out charts of almost top 20 coins paired with stable coins just 3 weeks back. You would see almost all the coins had exactly similar charts in USDT it was just a difference of timmings in all the charts OP tries to catch that timming. It sounds difficult but not impossible.

[Questat]

On a serious note your trading strategy Is really good and simple that even a a newbie can also use same strategy easily and also be successful as well, your strategy follows the law of trading which is buy low and sell high. Buying low and selling high is the easiest way to make profit with less risk applied, but at same time this trade can play with your emotions making you not to take the right decision at the right time, most times you can enter a trade at its deep and it keeps going deep, placing a trade isn't the main focus but the action you take after after your order is picked is what makes your trade profitable.

It finds old but very effective, though.
This is a common practice to everyone, I think and this still exists until the present despite having a new trading tool now. And having a good choice of the coin to buy (probably not shitcoins) increase our chance to double our money or even more. For now that the market seems so tricky, we need to be resourceful in choosing them and I stopped looking for a very cheap coins but I look after those who have a good/huge trading volume.

[awik p]

thankful that you have a technique that can still be used today. In such a situation, we must be able to work smart at reading opportunities, for now I can only carry out trading strategies technically, while fundamentally I have not mastered it. so that sometimes floating happens

[jaberwock]

Bitcoin dominance is a lagging indicator which helps tell us that bitcoin is stable while alts are moving.

Even it is a lagging indicator, I am seeing it is more famous among crypto trader for some reasons. I mean it is famous because it is useful and effective. Traders just need some efficient info (to determine like where altcoins are heading based on bitcoin markets etc) on current trend of crypto markets and I believe which is possible through bitcoin dominance metric. Honestly I never tried trading altcoins with respect to bitcoin markets because I am always believing into P&D for altcoins hence where high volumes happens, that must be the better coin to trade in short term.

[Dannaey]

I like your strategy. We are a bit similar. I am a long term trader also, many called it as a long-term investor. So when the market is down, I buy all the coins that I found good in terms of my fundamental analysis. I buy Bitcoin and other coins that I think will grow exponentially over a long period. I don’t usually sell all my coins every time it increases in value. I just sell a portion and retain a large portion of it for future investment.

[SirLancelot]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

It may be a good strategy but it doesn’t work all the time, there are times you’re going to be very confused by the market , because there are times it’s not going to work as you planned and the whole market, both BTC and Alts, will be going up or down at the same time. When BTC is going down and altcoins are going up, if you wait for some time and make profit with altcoins you can sell them to invest in bitcoin at the lower rate and then wait for it to start going up again, and it does you also sell it.

[death69]

The market does not always generate same deportment. Sometimes, it changes, sometimes, it does do the same react. It may turn to another way which might perplex traders. But if you keep winning with your strategy, you can continue to follow your strategy. To be honest, I admire to anyone who has a decent income in trading.

The main point which leads you to success in trading, above everything, is money management. If you are able to learn this skill, you will master every market you run into. Do not trade oversize or foolishly enter an order which goes against your rules.

I believe you can do this. There is no definition of trader. Perhaps, in your own mind, you are a real trader

[Lordhermes]

I always buy Altcoins when I see the up-down price of Bitcoin. When Bitcoin goes down, the maximum coin goes down. Then I can make 20%-30% profit in a few days.
But lately, I prefer to hold. If you hold, it is possible to make several times profit.

I have rather prefer to get my gain in the future than in two days time, I noticed I have never become rich when performing day trading, I quickly stopped to be taking my profit all the time, also, I have now choose to lock my coin for 6 months not just because I want to get APY percentage but because I want to hodl for a long time while making my profit.

[MURONDI]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

bitcoin's current value is good, so it has a good impact on your trading, but what if the value of bitcoin drops continuously, of course you will lose in USD value, most traders usually use stablecoins as a benchmark, I feel that the price of altcoin follows bitcoin more often than against.

[el kaka22]

I like your strategy. We are a bit similar. I am a long term trader also, many called it as a long-term investor. So when the market is down, I buy all the coins that I found good in terms of my fundamental analysis. I buy Bitcoin and other coins that I think will grow exponentially over a long period. I don’t usually sell all my coins every time it increases in value. I just sell a portion and retain a large portion of it for future investment.

I guess long term is a deal for everyone, it helps you make a profit. While the ups and downs create a big problem for the day traders who get super excited by even 100 dollar increase in bitcoin due to being in 150x leverage or a 100$ drop make them go crazy upset because of the same reason, we are all here like "what? dropped another 5k? that's fine it will go up 10k in a year anyway" and not be bothered by it.

I am so glad that I got into bitcoin right at the nick of time, I would have never bought into it now, but since I got into it under 10k I bought some and have been keeping it at profit for over a year now. This way I do not care if it is 50k or 60k, that is not my money, it is my profit, and yeah sure I could have taken it out if I wanted to, but why would I want that, I can just wait for few more years and take out in 100k+ anyway so it is all fine.

[SirLancelot]

I guess long term is a deal for everyone, it helps you make a profit. While the ups and downs create a big problem for the day traders who get super excited by even 100 dollar increase in bitcoin due to being in 150x leverage or a 100$ drop make them go crazy upset because of the same reason, we are all here like "what? dropped another 5k? that's fine it will go up 10k in a year anyway" and not be bothered by it.

I am so glad that I got into bitcoin right at the nick of time, I would have never bought into it now, but since I got into it under 10k I bought some and have been keeping it at profit for over a year now. This way I do not care if it is 50k or 60k, that is not my money, it is my profit, and yeah sure I could have taken it out if I wanted to, but why would I want that, I can just wait for few more years and take out in 100k+ anyway so it is all fine.

Long term has always been the way to go, I don’t go for day trading because I already know that I am not all that good at that and if I should try it, I am definitely going to be losing money about 90% of the time that I trade. So I just stay clear from it and not try taking the risk. Long term Hodl has been the game for me and it always works as long as I am able to have that patience for the market to grow. Everyone has what does the magic for them ,and some people don’t want to be waiting a long time, so short term or day trading is it for them.

[Ridwan Fauzi]

Everyone will have their own strategy at least the strategy that can repeat to get profit that they wanted. Also, your strategy is become familiar previously, many people or trader have known that when bitcoin price up then the altcoin market will make the opposite. This situation can be used by most people to gain profit especially for retail investor.

Including me who has done this strategy for several years ago. But different with your strategy I'll devide my fund first to buy an altcoin when bitcoin price up and buy bitcoin when its price starting to increase. So as when bitcoin price make a sideaway market or even fall I'll start to sell bitcoin and move all my fund into altcoin. So as I'll get double profit from trading bitcoin and altcoin. But, usually I'll choose top altcoin to do that and find an altcoin that has a good fundamental factor because the movement price will be more volatile.

[sana54210]

I'll devide my fund first to buy an altcoin when bitcoin price up and buy bitcoin when its price starting to increase. So as when bitcoin price make a sideaway market or even fall I'll start to sell bitcoin and move all my fund into altcoin. So as I'll get double profit from trading bitcoin and altcoin. But, usually I'll choose top altcoin to do that and find an altcoin that has a good fundamental factor because the movement price will be more volatile.

You're sounding like too time effective to multiply your holding. I just wonder because I am unable to predict exactly all the times when bitcoin will be into sideways compared to predicting whenever bitcoin gets into bullish/bearish trend. I guess I must work on technical which are getting me accurate prediction about bitcoin's sideways movements.

Developing a strategy and then testing it in real time will help any trader to make profits regardless of bitcoin is moving upward or downward. Because, our strategies is the biggest tool in trading which should withstand against all market conditions so that we never need to worry about the trend of bitcoin markets.

[lalabotax]

Actually, every trader has their own ways and strategy to make them get the profits or doing the trading. Every strategy may not work in everybody's effort. Sometimes, what you are doing may not work for me and maybe also vice versa. That is why I am always sure that what I am doing right now is the best for me, based on my own research. And of course, I get it from some considerations gained from several strategies, news, opinions, and also analysis by others.