My trading strategies

[Kasabus]

I will prefer making use of intuition power (if I get chances to develop such) along with my technical analysis because having more than one method of trading will be very effective in my experience and having something completely different from other traders will remain highly profitable in my opinion.

You are not anything short of exact my imagination. Honestly I am into practice to develop my intuition power but so far I'm not successful with that. I checked few of YouTube videos to help me but I am into practice still.

I believe we can make wonderful trades if we are having more than one strategy. When we are having multiple strategies then we can get double confirmation for our entry and exit levels which will be more than enough for getting sure and huge profits.

more practice = more learnings

But the life of a trader won't just stop there. We wanted to enhance our trading capabilities to gain more. And one of our perspectives is to find a strategy that could help us to achieve our goal. That gives us some motivation not to stop reading books, watching youtube as these things could give us some ideas. However, it was to know as well that not all strategies work so well, or maybe it works to the others but not us. Some instances happens like that and that also because we are not comfortable using it.

[beerlover]

it was to know as well that not all strategies work so well, or maybe it works to the others but not us. Some instances happens like that and that also because we are not comfortable using it.

Effectiveness of strategies is completely depending on market condition; when market condition changes, some strategies may not work properly. This is the reason it is highly advisable to go for having multiple strategies at any point of time so that we can cope up against continuously changing market conditions.

Personally I'm not having any big number of strategies but having few based on moving average and pivot point analysis. These are all working for me at most of the times because these are all based on very basics of market movements hence the chances for them not working is very less.

[Fredomago]

Effectiveness of strategies is completely depending on market condition; when market condition changes, some strategies may not work properly. This is the reason it is highly advisable to go for having multiple strategies at any point of time so that we can cope up against continuously changing market conditions.

Agree with your point. You need to have multiple strategies while working with this volatile types of market, changing trends affects
each strategy and patterns that you usually use when dealing with your trading business.

Personally I'm not having any big number of strategies but having few based on moving average and pivot point analysis. These are all working for me at most of the times because these are all based on very basics of market movements hence the chances for them not working is very less.

There's no perfect one I guess, as the volatility and those big players who manage to command in some point, the nfluenced
that they've brought inside also affects the market.

But as long as you lessen the risk, it's far better than losing more from your initial investments.

[wiss19]

Personally I'm not having any big number of strategies but having few based on moving average and pivot point analysis. These are all working for me at most of the times because these are all based on very basics of market movements hence the chances for them not working is very less.

It seems that you are having highly effective strategies to trade with. I wish I just want to copy your strategies so that I will not be having any problem when market conditions are changing. Because, I am long time looking for a versatile strategy which will be getting me profits among all market conditions.

At the same time I'm afraid because I read no strategy will be working for all market conditions and I guess it is applicable even for your strategy.

[wxa7115]

Bitcoin and altcoins are heavily correlated, we all know that but they do not move at exactly the same speed and we can clearly see this is the case, at the beginning of this bull run most of the growth was concentrated on bitcoin and that is why its dominance was going up almost everyday.

Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.

But I'm not sure what kind of strategy will be useful here when bitcoin and altcoins are moving on the same direction but at different rate. Because what I am trying to say here is, instead of focusing on bitcoin dominance as a bigger thing here for decision making, we can go for fundamental and technical analysis on altcoins to predict its direction; that will be much easier than get confusing about bitcoin dominance as a tool to predict the movements of altcoins.

As far as my experience concerned, there cannot any single rule which will be demonstrating how bitcoin dominance is influencing the movements of bitcoin and altoins and how affects each other. So, focusing on other strategy will be helpful and less confusing.

There is no problem, not every strategy can be applied by everyone, if you already have a strategy which makes you profits and makes sense to you then it makes no sense to change it.

However there is a relatively simple strategy that will allow you to capture more profits by using the bitcoin dominance, the key here is to wait for the bitcoin dominance to reach a high or a low point and then wait for a reversal, when we get a reversal from a high point then switch to altcoins, and when we get a reversal from a low point then get bitcoin, this way you keep yourself in the side that is outperforming the other and you can obtain profits in both fiat and bitcoin if applied correctly.

[wahyu wida]

Bitcoin and altcoins are heavily correlated, we all know that but they do not move at exactly the same speed and we can clearly see this is the case, at the beginning of this bull run most of the growth was concentrated on bitcoin and that is why its dominance was going up almost everyday.

Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.

But I'm not sure what kind of strategy will be useful here when bitcoin and altcoins are moving on the same direction but at different rate. Because what I am trying to say here is, instead of focusing on bitcoin dominance as a bigger thing here for decision making, we can go for fundamental and technical analysis on altcoins to predict its direction; that will be much easier than get confusing about bitcoin dominance as a tool to predict the movements of altcoins.

As far as my experience concerned, there cannot any single rule which will be demonstrating how bitcoin dominance is influencing the movements of bitcoin and altoins and how affects each other. So, focusing on other strategy will be helpful and less confusing.

There is no problem, not every strategy can be applied by everyone, if you already have a strategy which makes you profits and makes sense to you then it makes no sense to change it.

However there is a relatively simple strategy that will allow you to capture more profits by using the bitcoin dominance, the key here is to wait for the bitcoin dominance to reach a high or a low point and then wait for a reversal, when we get a reversal from a high point then switch to altcoins, and when we get a reversal from a low point then get bitcoin, this way you keep yourself in the side that is outperforming the other and you can obtain profits in both fiat and bitcoin if applied correctly.

I have implemented the system before, but what has been my problem until now is that sometimes I don't have the courage to step up. my psychology is not good enough to believe in myself. especially if I stepped in, and was already floating plus, I felt like I wanted to immediately end the trade, even though the target was still far away

[Alexbenua97]

My trading strategy is intuitive. I know technical analysis, but I don't use it. Perhaps in vain, but mostly I catch drawdown movements, buy and sell later! Has been working for 3 years! Grin

[usekevin]

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.

Most of pro traders like you will do panic selling.It should be avoided with a patience.Some panic sellers face the loss all the time.Some will learn from their first experience is added advantage to them.Mostly the altcoin will travel in the same direction of bitcoin.In some conditions,it will travel in different.Now the concept of new road trading is happening.Altcoin and bitcoin will travel in different road now.

[Yamifoud]

My trading strategy is intuitive. I know technical analysis, but I don't use it. Perhaps in vain, but mostly I catch drawdown movements, buy and sell later! Has been working for 3 years! Grin

You're wrong in not using it, that was your advantage, you can never appreciate TA's if you don't bother to apply what you have learned.
Perhaps, you don't wonder why you often lose as simple buying and selling without market analysis is pretty hard to catch a better price. I'd try that before but it never works, we are just lucky if we can make a profit as mostly it ends badly. I would say that to use it, then you can see a big difference results of your trades.

[Cherylstar86]

My trading strategy is intuitive. I know technical analysis, but I don't use it. Perhaps in vain, but mostly I catch drawdown movements, buy and sell later! Has been working for 3 years! Grin

You're wrong in not using it, that was your advantage, you can never appreciate TA's if you don't bother to apply what you have learned.
Perhaps, you don't wonder why you often lose as simple buying and selling without market analysis is pretty hard to catch a better price. I'd try that before but it never works, we are just lucky if we can make a profit as mostly it ends badly. I would say that to use it, then you can see a big difference results of your trades.

Maybe the good strategy to do here is to hold asset for years and wait for the exact time for it to reach a good value. For the maintime don't dump it without any purpose, because without analysis can be dangerous for us due to volatile market.
If you're planning to buy while price started to go down, just apply cost averaging technique also with buying when price starts to go upward trend.

[RealMalatesta]

I believe we can make wonderful trades if we are having more than one strategy. When we are having multiple strategies then we can get double confirmation for our entry and exit levels which will be more than enough for getting sure and huge profits.

I have heard about this a lot of times but whenever I'm trying with multiple strategies, I'm not getting coincidence of entry or exit level. It means there are a lot of gaps for entries based on my different strategies. It is kind of confusing me so I decided to go with one Strategy which is having more accuracy for profit-making.

I know technical analysis, but I don't use it.

No profit or loss for technical analysis but for you. Technical analysis must be of the easiest way to make use in trading; if you're ignoring that for some reasons then it is up to you but that cannot be a strategy.

[Kez1817]

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.

Mostly if bitcoin pump, altcoins also follow, if bitcoin going down, altcoins as well. So, it's difficult to use your strategy but good for you because you are lucky on using that simple strategy. We have different strategy in trading but always remember that no matter what is our strategy, trading is still risky. We need to learn both the technical and fundamental analysis of trading.

[seramania]

That is good.
If you can do that, you can continue what you've done before because that can give you the profit.
I am sure that is what other traders did and that is the best way for them to make a profit this year.
The next thing we need to do is rinse and repeat and try to make as much profit as we can before the time is over because when that is over, we will not be able to make a profit again.

repeat each step that if it made a profit it would not be better off at all. because what we know in trading a lot of steps and techniques, if your technique is good it may need to survive, and if the technique is not good make changes.

[SaveOurSea]

talking about trading strategies for me is very simple and not difficult, yes, it is enough to buy altcoins at low prices with the help of the analysis techniques that we use,
because this is the bullish season it is very pleasant to trade in mid to long term, yes very simple, but if bearish arrives, I always use the weekly RSI to buy,
because the RSI indicator when it is bearish is what I use.

[beerlover]

as long as you lessen the risk, it's far better than losing more from your initial investments.

But, I do not prefer learning lessons for free of cost and definitely not by risking my hard earned capital. I mean free lessons are available everywhere like if we look into this forum then we can find lots of people are sharing their bitter experiences due to lack of knowledge which could be used like what we need to do and what we need to avoid.

At the same time I'm afraid because I read no strategy will be working for all market conditions and I guess it is applicable even for your strategy.

Yes, but when we keep improving our technical part along with ever changing market conditions then there are lots of possibilities to enjoy an highly effective strategy. For that, you must need to be a continuous learner so that you can update yourself according to market conditions.

[jack jillss]

if you are looking for more - see here - https://bitcointalk.org/index.php?topic=5333109.msg56865893#msg56865893

[Kittygalore]

It's good that it works for you, the problem is that will it work when others do it though, I see your disclaimer that you are not a professional trader but maybe if other people were to try what you are doing and they are able to get almost the same result then you are probably on to something.

[Sinjokubhi]

My trading strategy is intuitive. I know technical analysis, but I don't use it. Perhaps in vain, but mostly I catch drawdown movements, buy and sell later! Has been working for 3 years! Grin

You're wrong in not using it, that was your advantage, you can never appreciate TA's if you don't bother to apply what you have learned.
Perhaps, you don't wonder why you often lose as simple buying and selling without market analysis is pretty hard to catch a better price. I'd try that before but it never works, we are just lucky if we can make a profit as mostly it ends badly. I would say that to use it, then you can see a big difference results of your trades.

Maybe the good strategy to do here is to hold asset for years and wait for the exact time for it to reach a good value. For the maintime don't dump it without any purpose, because without analysis can be dangerous for us due to volatile market.
If you're planning to buy while price started to go down, just apply cost averaging technique also with buying when price starts to go upward trend.

Yups, I agree. Holding your coins for a long period of time is a good strategy for investing. But you need analysis for this long-term strategy, because with analysis, you can predict where the coin will develop later. At least you have a benchmark for the price to go up to what point in the future, so that you sell it at the right time. Although it will not be exactly the same as the market fluctuation that will occur later, as a reference for the coin in the future it will increase or decrease, you need this. Anticipating steps before something happens is necessary, so that we don't panic too much with surprising facts later, like it or not we have to be ready if the predictions about your facts are correct. Precisely with that you can reduce the impact of the risk that will occur later, even if you find that the loss will not be much, because you already have a benchmark for that, and don't forget to put a limit or stop loss, it will really help you avoid the risks very big later.

[Kelvinid]

It's good that it works for you, the problem is that will it work when others do it though, I see your disclaimer that you are not a professional trader but maybe if other people were to try what you are doing and they are able to get almost the same result then you are probably on to something.

Well, buying at a low price and sell it at high, it was a common practice to everyone but I know that the results might be different.
Why? That is because we don't have the same market analysis and we also make decisions base on our understanding, not because the others told us what to do.

And I could say that there is no perfect strategy in trading. And that is the reason why we have to make our own rather than for following other's strategies coz who knows if that will never work on us.

[geegaw]

It's good that it works for you, the problem is that will it work when others do it though, I see your disclaimer that you are not a professional trader but maybe if other people were to try what you are doing and they are able to get almost the same result then you are probably on to something.

Well, buying at a low price and sell it at high, it was a common practice to everyone but I know that the results might be different.
Why? That is because we don't have the same market analysis and we also make decisions base on our understanding, not because the others told us what to do.

And I could say that there is no perfect strategy in trading. And that is the reason why we have to make our own rather than for following other's strategies coz who knows if that will never work on us.

Even though we encourage trading with our strategy but too many people still prefer to use other people's strategies, perhaps people are still quite shy about thinking and don't know where to start, in some cases it still works but it is not an ideal level, if one is interested in spying on others, they should also bring these strategies to a certain editing area, making things their own before applying, the result will make a lot more difference than copying every detail