TOPIC - LOCKED

[jack jillss]

we have our own strategies to  works on our day to day trading / which help us to stick on to our plans .

my strategies is always to pick tha lossers of tha day or week find tha  patter that approve for entries ( vol , rsi , other Ta) . this method not always as succesfull but at tha end of all trade i am up by some money , or  i m not lossing anything  ( out off 10 trades 3 loss 7 win or 6-4 ., 5-5 )
stop loss much needed here we never know what happend / or / our plan is failed next we have some plans to get out before lossing a lot money , .

thinks to be in mind
1 - vol.
2- where is tha trade is ( up or down )
3- rsi & other indicators
4 - TA patterns
5- plans  for exit
6 - FA

[Luzin]

Every trader has different trading techniques. But the goal is the same, looking for profit. If you are an expert maybe you can share here. Add a picture about the TA you made and the description. Regarding the factors that you mentioned above, maybe you can add a detailed description, I'm sure this will be useful for me and  many people in the forum.

[Dilerium90]

The whole difficulty of trading throughout the year is that your system can work well in a bull market, but in a bear market you will lose everything you earned. It is important not only to have a strategy, but also have time to adjust to a new phase of the market. 90% of novice traders are not able to do this.

[watergold]

thinks to be in mind
1 - vol.
2- where is tha trade is ( up or down )
3- rsi & other indicators
4 - TA patterns
5- plans  for exit

how beginners understand this clearly, so you can add some information in simple language and examples of its implementation so that beginners really understand without leaving curiosity after reading your thread.

[Mpamaegbu]

To be frank, no trading strategy is 100% a winner. There are always days of losing streak for traders. This doesn't mean the strategy is bad whenever that happens. Again, almost anyone can record a winner during a trend movement. It's that simple. But you get to know the real traders when the market is in a range.

As for what to bear in mind, I think every trader should stay away from using lagging indicators of which RSI, MA, Fractals, MACD etc are among. Try relying more on leading indicators like Price Action, Trendlines, Support and Resistance. Every other items to bear in mind on the list you provided are excellent.

[terrorJR]

although it is advantageous to adopt a day trading strategy, we prefer to be long-term holders. for you, maybe it will be very suitable and ready for all the risks of daily trading stress seeing price movements every day. we prefer to reflect the brain without price pressure, we leave bitcoin on hold even though the bear market is going on. and for altcoin during Bitcoin's correction, lost hope of growing again.

[dimonstration]

Every trader has different trading techniques. But the goal is the same, looking for profit. If you are an expert maybe you can share here. Add a picture about the TA you made and the description. Regarding the factors that you mentioned above, maybe you can add a detailed description, I'm sure this will be useful for me and  many people in the forum.

Strategies will depend on our capabilities to understand the market same with the time we can allot to understand the market. It can be easy to say what to do but the application is way too hard to understand especially if we're still doing other job or activities. As we trade we will discover what strategies works on us best.

[Ryker1]

[snip]

thinks to be in mind
1 - vol.
2- where is tha trade is ( up or down )
3- rsi & other indicators
4 - TA patterns
5- plans  for exit

Well, if these are your strategies then, --it is good for you but I don't know if these are enough strategies that I have known. Each trader had their own strategies to follow and not only even by that, but they also have a trading plan so that they stick to it whatever will happen. However, I agree with the below comment that there is no accurate strategy in trading, these are only your tool that you can provide a near-to-close forecast of giving a prediction of the price, but it does not mean you always win on your strategies. Just a quick, since you are talking about TA patterns, it would also be better if you will include the FA strategy.

[logfiles]

Depending on how much time I have. If I have enough time to watch charts, I sometimes do scalp trading only when the market is less volatile or moving sideways. I short or long the small waves about 4-5 times a day with a fairly high leverage, maybe 20x of course with  stop-loss.

You also don't want to open a position during hours when the coin price usually spikes or drops

[GreatArkansas]

This is kinda buying the bottoms, which for me it is still good since you are using different trading indicators, especially the RSI for momentum indicator, where you can also use this to identify if overbought or oversold.
Btw OP, what timeframe you are using the most when you are doing that kind of trading strategy?
And also your risk:reward ratio? You got a quite good win rate.

[tygeade]

Every trader has different trading techniques. But the goal is the same, looking for profit. If you are an expert maybe you can share here. Add a picture about the TA you made and the description. Regarding the factors that you mentioned above, maybe you can add a detailed description, I'm sure this will be useful for me and  many people in the forum.

But honestly I will not get into such a random trading strategies from an inexperienced trader. Even it is for educational purposes, I will not waste my time when it is from noobs. It is always better to go for other tutorials because these days we are having lots of videos and other materials across internet on enlightening us about various trading strategies and methods.

Moreover, when it comes about day trading in crypto then definitely I am out. I never look for in a strategy for getting into day trading because I'm not having any idea to start day trading in cryptocurrencies.

[cute nmp]

It is very important for every trader to have his own trading 
Strategies in the market.My basic strategies when trading are

-Identify the market trend whether up or down
- If up I will be looking to buy at the higher -low of the structure
-if down i will look forward to sell at lower high of the market structure
-Plot out trend line or rsi divergence
-use a very tight stop loss or go break even as soon as possible

With  this strategies I don't lose too much money and I manage to make as much profits from the market.

[jrrsparkles]

Day trading is a very deep topic so it can't be said in few words but one thing everyone has their own and different strategies which can be completely different from others.In my opinion analyzing the price against USD value and trading with a stable coin gives better stability in your analysis so you have less chance of making errors and losses.

[AakZaki]

day trading strategies are usually not suitable for some traders because many fail and experience losses. The need for an understanding of technical and fundamental analysis as well as having a large enough capital to get more benefits.

Day trading makes use of large leverage and short term trading strategies to take advantage of every small price movement with high liquidity.

Day trading is perfect for those who want to get quicker and definite profits instead of having to hold back for a few days.

[jossiel]

Your strategy is somehow my strategy too if ever I want to day trade. I'll choose those that have lost a lot in terms of percentage during the same time frame for a day or week.

Day trading is perfect for those who want to get quicker and definite profits instead of having to hold back for a few days.

Yes, those who don't want to wait and instead they're wanting to get some quick profits.

[Vaculin]

thinks to be in mind
1 - vol.
2- where is tha trade is ( up or down )
3- rsi & other indicators
4 - TA patterns
5- plans  for exit

Everything is listed already and the next challenge is on how to stick to the plan in all circumstances. Because usually, people had changed their minds depending on the situation. This is the most common scenario in the market, our emotions badly affecting our trades and gives us no good but losses. That is how important to be consistent with what we are doing and never change what we have planned at the start otherwise, we will be going nowhere and come to a losing ends.

[awik p]

daily trading techniques when using indicators, we must know the weaknesses of the indicators we use. therefore I agree that a trader uses stop losses as a safety deposit. no one can think where the price will move, therefore we are required to be consistent with the analysis

[sulendra12]

how beginners understand this clearly, so you can add some information in simple language and examples of its implementation so that beginners really understand without leaving curiosity after reading your thread.

They can just do simple quick google search or ask the questions here and there is nothing wrong about that., it's an ok suggestion by OP besides the broken language.

-Identify the market trend whether up or down
- If up I will be looking to buy at the higher -low of the structure
-if down i will look forward to sell at lower high of the market structure
-Plot out trend line or rsi divergence
-use a very tight stop loss or go break even as soon as possible

That's literally what OP suggests, right.
To be honest, I'm not a fan of no. 5. Unless you are really afraid of taking the risk, then it's okay. But, you won't gain that much imo.

[maxreish]

Trading strategies always associate with trading plan and effective tools. While others seems to make a good profits with those indicators like RSI, others look for other indicators that they are used to read effectively. Aside from that, setting up your target profit and setting up stop loss will always be a good way to eliminate emotions like greediness.

Its not always good to follow the trend as sometimes the trend will also be a way to trap your entry because of miscalculations and misleading predictions.

[isaac_clarke22]

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I remember watching tutorials back then in Youtube when I was still into my first days in day trading. I was told to look into some indicators like Bollinger band and I followed what was in the tutorial. Turned out to be loss in the end because the trader in the video bought ADA but ADA that time I bought aren't worth.
It is just up to market's condition sometimes. Indicators are just there to help, but not to make your decisions.

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You're begging on all posts you made.