Millennial trading formula

[ipanks]

Although the technologies are growing, the trading process is not changing, you buy at the bottom you merge at the very top, there are of course many strategies offered by "traders" in telegram channels, but the concept of trading on the stock exchange is the same.

That is the basic method to trade for all traders who wants to make a profit in trading. But many lessons that we should learn related to trading if we're going to improve our skills in trading. But I do not follow the strategies offered by "traders" in telegram channels but prefer to search by myself to find the methods that work for me. If we want to survive in trading, we must not stop learning and always try to search from many sources because that will help us get more knowledge about trading.

[GreatArkansas]

I think what OP means about things changed is not the trading itself like the technical analysis, maybe about pairs/platform he/she is using. But the method for me is still the same as how you analyze things.
Or maybe they also telling about the different bots that are spreading right now, where this bots will trade for you based on configuration you set.

[South Park]

I don't think that things have really changed that much. I'm not a super technical guy, but I used many of the same indicators in crypto as I used to in forex.. things like Fibinacci levels, bollinger bands, moving averages..etc. I find that most of these indicators are still pretty darn good it's just the market is much more volatile..

And you are not mistaken, the same indicators work in any market, the difference is as you state the volatility of the markets, this is why in this market a money management strategy is even more important than in other markets, in the forex market things move slowly so even if our money management strategy is not the best you can still make profits as the volatility is lower, however in this market that very same weak money management strategy could make you lose a lot of money as the volatility is extreme, and if you are using leverage the effects are even worse.

[kawetsriyanto]

Crypto trading is getting more and more technical as the days goy, and the formula that worked back then in 2018 is no longer accurate at this moment

More technical? Did people not use a specific trading technique previously? I think there is nothing different with the previous trading but traders may use varied ways in trading. As far as I know, each trader won't use the same way or a fixed technique (strategy). So, it is normal if they have a new technique (strategy) since they must adapt to the current situation of crypto market.

By the way, what do you mean by "formula"? Do you mean strategy? Sure, the trading strategy will be always developing, it can be changed along with the change in crypto market. Also, a trader may try to use a different strategy if they think their current strategy is no longer effective.

[tippytoes]

Crypto trading is getting more and more technical as the days goy, and the formula that worked back then in 2018 is no longer accurate at this moment

More technical? Did people not use a specific trading technique previously? I think there is nothing different with the previous trading but traders may use varied ways in trading. As far as I know, each trader won't use the same way or a fixed technique (strategy). So, it is normal if they have a new technique (strategy) since they must adapt to the current situation of crypto market.

By the way, what do you mean by "formula"? Do you mean strategy? Sure, the trading strategy will be always developing, it can be changed along with the change in crypto market. Also, a trader may try to use a different strategy if they think their current strategy is no longer effective.

The trading strategy deviates from one coin to another because they have different performances in the market. Also, their development progress also differs from each other. So you need to adapt what is applicable to each project as you can't apply the same strategy for all alts. There's no perfect strategy in this market as you are just basing your actions on what you are seeing and observing. There are still underlying factors that traders are not well-aware of. Like we don't know if the team will rug pull or not, or they will resort to pump and dump. So there's really no defined formula in this trading market. It varies from one platform to another.

[kawetsriyanto]

So you need to adapt what is applicable to each project as you can't apply the same strategy for all alts. There's no perfect strategy in this market as you are just basing your actions on what you are seeing and observing.

Yep, that's exactly my point. Each trader doesn't use a single strategy, they usually adopt the strategy along with the change in crypto market trend or the characteristics of the price movement of a crypto coin. These two factors may determine what strategy is more effective to be used. Before deciding what a proper strategy to apply/use, a trader probably does his own research/analysis. I am sure most of us have done it many times, which means already know varied strategies in trading.

[3la9l_kolbaCa]

Trading for now will be an existing process that everyone is continuously following, but the recent market was down and we can't expect any further moves that create a great outcome. We should be keen to our decisions in order to survive and take future gains, and never give up unless developments of our coin will stop. If you see community kepts active, trading has no formula on that if you're doing it long term.

[Digital_Lord]

Crypto Analyzer on youtube  is trash, that solely makes content for sponsorships. TA is fake, and the rich market makers and VC's, along with the Federal Reserve, drive the market.
Cryptocurrency price is not traceable. Its depend on News and whales own system.

[sirminesalot]

Crypto Analyzer on youtube  is trash, that solely makes content for sponsorships. TA is fake, and the rich market makers and VC's, along with the Federal Reserve, drive the market.
Cryptocurrency price is not traceable. Its depend on News and whales own system.

Most of crypto youtuber are paid by the project's owner so they were not having a transparent review about the projects but i prefer to watch altcoin daily review giving a live review about any altcoins on the market which will have potential to rise. Sometimes i watched the crypto experts doing live tradings, that's more informative and giving us insight rather than watch the crypto project promoters.

[BIN-BIN]

Trading skills is just as same as the software world one need to constantly update your skills to meet up current demands and as that one need to keep developing new analysis and technique.
Cryptocurrency trading is a daily evolving activity that requires constant updates.

[South Park]

So you need to adapt what is applicable to each project as you can't apply the same strategy for all alts. There's no perfect strategy in this market as you are just basing your actions on what you are seeing and observing.

Yep, that's exactly my point. Each trader doesn't use a single strategy, they usually adopt the strategy along with the change in crypto market trend or the characteristics of the price movement of a crypto coin. These two factors may determine what strategy is more effective to be used. Before deciding what a proper strategy to apply/use, a trader probably does his own research/analysis. I am sure most of us have done it many times, which means already know varied strategies in trading.

The problem with that approach is that you do not know what kind of behavior you will encounter when you invest in an altcoin, there are coins that skyrocket as soon as they enter an exchange while many others crash, there are other coins that never present any major movement while others are so volatile that predicting what comes next is impossible, this is why a more general approach is often the best, as it allows you to to simplify your strategy and to avoid second guessing yourself.