Best strategy for crypto trading

[bhadz]

When trading the crypto market, cause I have many strategy I do use depending on the nature of the market and what I'm looking at from the market. I do use simple moving averages and Relative strength Index to analyze the direction of the market first to know where the market is likely to go.

MA and RSI is what I usually in social medias the strategy that they use.

I do add my technical analysis with the fundamental to know what speculators thinks about the market and the current news. This is important because it help me to get an hint about the current state of the market. I do use trendlines and other technical tools to read the market.

News as an indicator really helps. You'll get to see what's up and down with the news and for the specific coin that's part of the news. It's very needed and helpful factor when you're doing TA. Well, some just rely on the news alone and still they get some help through if it's time to buy or sell.

[Alert31]

I guess that depends on the coins because I only use a basic strategy to buy low and sell high. If the price is increased, I will not try to chase it instead calm down and wait for the next correction because sometimes, the correction can be deep than the last low price. It will not be easy to use daily trade in this situation because the market is difficult to predict. When the line is not increasing or decreasing much, you need to be careful because sometimes, the price will drop directly.

I think you can use the basic strategy like what I did but you need to pick the right coins for daily trading. Maybe you can use the strategy for bitcoin trading and not altcoin trading but you can try it.

Chasing to buy while the price increased usually give you a huge losses. It happened to my trading many times because after you chase, the price suddenly dropped. That's why trade carefully and always control your emotions. There is no perfect strategy  just always apply the buy low, sell high and study the price and graph movement everytime you place your order. Also choose the best coin to trade.

[Theones]

Chasing to buy while the price increased usually give you a huge losses. It happened to my trading many times because after you chase, the price suddenly dropped. That's why trade carefully and always control your emotions. There is no perfect strategy  just always apply the buy low, sell high and study the price and graph movement everytime you place your order. Also choose the best coin to trade.

Warren buffet said, " buy when everyone fears to buy and sell when everyone greedy to buy ". Few days back when btc dropped below 35k, major discussions about btc was that now its all over, bears have taken over etc. It was the right time to buy and those who bought btc at that time are now enjoying profits.

[jostorres]

Chasing to buy while the price increased usually give you a huge losses. It happened to my trading many times because after you chase, the price suddenly dropped. That's why trade carefully and always control your emotions. There is no perfect strategy  just always apply the buy low, sell high and study the price and graph movement everytime you place your order. Also choose the best coin to trade.

Warren buffet said, " buy when everyone fears to buy and sell when everyone greedy to buy ". Few days back when btc dropped below 35k, major discussions about btc was that now its all over, bears have taken over etc. It was the right time to buy and those who bought btc at that time are now enjoying profits.

Below 35k and btc is done? The price under 35k was actually still high and if we travel on the past, people are now happy with the 18-19k btc price range. People's standards have change a lot.

What warren said can also apply in reverse because there are also people that likes to buy when the btc price is rising and one example of that is the guy that you quote above but not anymore because he already learned his lesson and doing that is not really good for him but I believe that there are people that are somehow successful with that strategy. There are also people that likes to sell when the market is dumping. This is effective sometimes to cut loss.

[Raflesia]

So far, and ever since then, I've only used the very general way. only buy coins that I think are popular coins, and have a discounted price, such as BNB, ETH, and others. For example, during the dump that occurred a few weeks ago, BNB and ETH prices were in the range below $400, and below $3000. Well, it was a very good opportunity for me to add to my assets, and now, the price is back in the $400, and $3k range. after all, it's a very basic strategy and technique. however, everyone has their own way of trading, but I've been using it for a long time and it's always worth it.

That strategy is common when buying at low prices but what you choose is good enough because ETH and BNB definitely have the potential to go up again than other coins, and now prices have gone up yesterday I bought BNB below $390 and now $435 this is a huge profit quite good even though this is a simple strategy that many do but I still look at the potential for the coin to definitely go back up to its former price.
But this increase is quite fast once I have a gain of over 50% in the current increase and I am still partially on hold of the coin.

[justdimin]

Warren buffet said, " buy when everyone fears to buy and sell when everyone greedy to buy ". Few days back when btc dropped below 35k, major discussions about btc was that now its all over, bears have taken over etc. It was the right time to buy and those who bought btc at that time are now enjoying profits.

If it was as simple as he said it was, then everyone would have been as rich as him. Leaving aside that he got 100k to start from his family and friends 70+ years ago, which is probably tens of millions of dollars I am assuming adjusted for inflation, then first stop is to have money to do all of these.

Secondly, he is one of the best investors in the world and he enjoys checking the numbers, not many people could check the accounts of a company and understand what they are looking at. He was capable of doing that, he checked every single one, and with his early money he got into insurance which is basically "get money from people, use that to invest, make profit, try to never pay people their insurance claims" and that's how he got rich.

Could we do the same? Yes but not at that scale, you may not be a billionaire but if I was given the same chances in life (senator father, early financial education, millions of dollars from family and friends) then I would do fine as well.

[antmex]

Buying after breaking the resistance is my strategy and good with it.
https://de.tradingview.com/x/AxnMau0U No break, no buy.
But there are so many different strategy’s to be successful in so many timeframes. It’s really hast to say which is the best one. The best starter might be the one you fee comfortable with.

[Vaculin]

Until now I myself have never found the right strategy in trading. All the strategies that I use are based on the analysis and knowledge that I have understood before, so I also say that in general the strategies have a winning percentage. This means nothing is 100% accurate. In my daily trading, to get profit I often trade when the market goes down and touches the support line that I have set. Many times in every market I use this simple trick.

As long as its working, then it will always be the right strategy but actually never the best. The crypto trading market is very dynamic so if you have developed good strategies for now, do not expect that it will be good for you for a lifetime since the market creates unpredictable changes, and strategies are made to be upgraded or improved most of the time. However, day trading has higher risks so its always an edge if you come to the market mentally and emotionally prepared. So here are some tips to improve day trading activities. Source: https://www.investopedia.com/articles/trading/06/daytradingretail.asp

[Mahanton]

Until now I myself have never found the right strategy in trading. All the strategies that I use are based on the analysis and knowledge that I have understood before, so I also say that in general the strategies have a winning percentage. This means nothing is 100% accurate. In my daily trading, to get profit I often trade when the market goes down and touches the support line that I have set. Many times in every market I use this simple trick.

As long as its working, then it will always be the right strategy but actually never the best. The crypto trading market is very dynamic so if you have developed good strategies for now, do not expect that it will be good for you for a lifetime since the market creates unpredictable changes, and strategies are made to be upgraded or improved most of the time. However, day trading has higher risks so its always an edge if you come to the market mentally and emotionally prepared. So here are some tips to improve day trading activities. Source: https://www.investopedia.com/articles/trading/06/daytradingretail.asp

There would be no fix kind of strategy since we know this market is volatile and could really have different scenarios and behaviors which simply means that as a trader then you would really need up to have some adjustments when it comes to your trading strategies or simply being versatile on whatever you've been doing and this should be the main thing you should put up into your mind.Dont think up about
guaranteed strategies that would give out guaranteed results because it is never been existing on this world.There would really be lots of trial and errors that you would experience.What matter most on here
is that you do able to sustain yourself on this very unpredictable and volatile market, despite of this condition but still you could able to bare it out.

[Kasabus]

Until now I myself have never found the right strategy in trading. All the strategies that I use are based on the analysis and knowledge that I have understood before, so I also say that in general the strategies have a winning percentage. This means nothing is 100% accurate. In my daily trading, to get profit I often trade when the market goes down and touches the support line that I have set. Many times in every market I use this simple trick.

I guess you're not alone. I believe a lot of traders have been here for a couple of years, but they are still learning on how to minimize their losses despite of the market's volatility. Just keep on making experiences, because that will help you to venture a lot and discover your own potentials in trading that will create an edge from the other market traders. There is no best strategies in trading, it is on the trader's positive mindset and attitude that will create a big difference.

[shawon01]

To tighten the cryptocurrency, the first thing you need to keep in mind is that you need to be exposed to the cryptocurrency market. You need to see which comment is declining.  Also keep in mind that when the price of a coin goes up, you have to sell it. If you can trade like this, you will benefit. I think so.

[Kelvinid]

Until now I myself have never found the right strategy in trading. All the strategies that I use are based on the analysis and knowledge that I have understood before, so I also say that in general the strategies have a winning percentage. This means nothing is 100% accurate. In my daily trading, to get profit I often trade when the market goes down and touches the support line that I have set. Many times in every market I use this simple trick.

I guess you're not alone. I believe a lot of traders have been here for a couple of years, but they are still learning on how to minimize their losses despite of the market's volatility. Just keep on making experiences, because that will help you to venture a lot and discover your own potentials in trading that will create an edge from the other market traders. There is no best strategies in trading, it is on the trader's positive mindset and attitude that will create a big difference.

Real talk isn't it...
Yeah, as trader learning won't stop but should be continued until we end our trading journey. And this is happening because the market had also in changed from time to time and that is why we should also adapt on that particular situation just not to get left behind.

To lose from trading can't be avoided no matter what we do but of course, we can minimize this if we are too careful in making decisions and if we have the knowledge on the market which has been our focus. Plus, it has all been in our mindset and we have to keep motivated despite the losses and market challenges we face.

[blockman]

Also keep in mind that when the price of a coin goes up, you have to sell it. If you can trade like this, you will benefit. I think so.

There's no one forces to sell but if you're not greedy, you will sell and wait again for the dip. This is the cycle for most traders and there's no need to wait for that much move and rise of the token that you hold. But the reality, it's very easy to say but when it's about doing the actual thing, there goes the problem and hardship of doing it. When you're already there and seeing it go up, you may hit yourself with a change of heart that you shouldn't sell for now because you can earn more but just waiting for a few more rises. And when you're already waiting, there goes the change in the market that you're not expecting which is going to result in you lesser profit, or the saddest part, you're bound into losses.

[lombok]

Also keep in mind that when the price of a coin goes up, you have to sell it. If you can trade like this, you will benefit. I think so.

There's no one forces to sell but if you're not greedy, you will sell and wait again for the dip. This is the cycle for most traders and there's no need to wait for that much move and rise of the token that you hold. But the reality, it's very easy to say but when it's about doing the actual thing, there goes the problem and hardship of doing it. When you're already there and seeing it go up, you may hit yourself with a change of heart that you shouldn't sell for now because you can earn more but just waiting for a few more rises. And when you're already waiting, there goes the change in the market that you're not expecting which is going to result in you lesser profit, or the saddest part, you're bound into losses.

in fact 80 percent is it true. market changes do not move according to what we expect, even if the market moves with what we expect the changes are very small. Therefore, to make profitable trades, greed must be put aside. start with small profits but multiply the frequency of profits then we will get large benefit. In addition, we must learn technical and fundamental analysis as a trading tools to be successful.

[Smitty Werben Man Jensen]

Also keep in mind that when the price of a coin goes up, you have to sell it. If you can trade like this, you will benefit. I think so.

There's no one forces to sell but if you're not greedy, you will sell and wait again for the dip. This is the cycle for most traders and there's no need to wait for that much move and rise of the token that you hold. But the reality, it's very easy to say but when it's about doing the actual thing, there goes the problem and hardship of doing it. When you're already there and seeing it go up, you may hit yourself with a change of heart that you shouldn't sell for now because you can earn more but just waiting for a few more rises. And when you're already waiting, there goes the change in the market that you're not expecting which is going to result in you lesser profit, or the saddest part, you're bound into losses.

in fact 80 percent is it true. market changes do not move according to what we expect, even if the market moves with what we expect the changes are very small. Therefore, to make profitable trades, greed must be put aside. start with small profits but multiply the frequency of profits then we will get large benefit. In addition, we must learn technical and fundamental analysis as a trading tool to be successful.

I think whatever the condition is greed is not a positive thing because without us realizing it makes us suffer losses,
take profit little by little by paying attention to market conditions as well,
what you say is true because these two things are factors that can bring us success in trading

[Issa56]

I believe lot's of people having thesame problem which you are having and some might have even spent lot's of money on trading signals which at the end they always end up turning into scam. To be serious with you I think everybody is having different trading pattern which I don't believe my strategy might work for you, am really making money with my strategy but if you try it you might endup losing money but why don't you try investing in a coin for long term maybe that will help you

[carlisle1]

I believe lot's of people having the same problem which you are having and some might have even spent lot's of money on trading signals which at the end they always end up turning into scam. To be serious with you I think everybody is having different trading pattern which I don't believe my strategy might work for you, am really making money with my strategy but if you try it you might end up losing money but why don't you try investing in a coin for long term maybe that will help you

The point is duplicate strategy mostly don't get the same result, if you follow traders pattern you need to adjust and enhance

not just purely duplicate everything, timing is very crucial if you don't know how this things works, you'll find yourself losing your money.

Investing is a combination of many characteristics and skills, equipping yourself will give you a high chance of success.

[Botnake]

I believe lot's of people having the same problem which you are having and some might have even spent lot's of money on trading signals which at the end they always end up turning into scam. To be serious with you I think everybody is having different trading pattern which I don't believe my strategy might work for you, am really making money with my strategy but if you try it you might end up losing money but why don't you try investing in a coin for long term maybe that will help you

The point is duplicate strategy mostly don't get the same result, if you follow traders pattern you need to adjust and enhance

not just purely duplicate everything, timing is very crucial if you don't know how this things works, you'll find yourself losing your money.

Investing is a combination of many characteristics and skills, equipping yourself will give you a high chance of success.

I can't say that my current strategy will work for you too, as your current strategy won't work for me either. So you have to discover it on your own by creating various experiences in trading that will help you to come up which strategy will best fit for you.  After all, its not the strategy that will bring much profits, but it relies on the right attitude of the trader itself. If you can be flexible and manage the emotions while trading, you can minimize the losses in trading.

[Japinat]

I believe lot's of people having thesame problem which you are having and some might have even spent lot's of money on trading signals which at the end they always end up turning into scam. To be serious with you I think everybody is having different trading pattern which I don't believe my strategy might work for you, am really making money with my strategy but if you try it you might endup losing money but why don't you try investing in a coin for long term maybe that will help you

Trading is really hard if you can't be the ideal trader you want to be. As you have to always monitor the market and make sure that you are giving the right mindset and the right attitude towards every market opportunities. But for me, no matter how good or successful a trader is, there is no best strategy that can be called. Because strategies are bound to change  every now and then since we know how dynamic the market is. And you cannot guarantee that the strategy that you are using right now will still be useful in the next time you trade. Strategies should be level up, so it should not remain forever as it is.

[coolcoinz]

There's no best strategy because your expectations affect the way you trade. If it's a source of income and need money every month, you're going to have a completely different strategy than a person who has a job and treats trading as a way to get more bitcoins without spending more fiat.

For me the best strategy is to wait for big moves. I was never interested in grabbing every 5% move out there so I never sell at the first sign of green and buy at the first red. If you're trading Bitcoin and have patience, wait for it to go up or down at least 30% before you do anything. If Bitcoin is down 30% from its high, start gradually buying. If it's up 30% start gradually selling. It's called selling into the strength and buying fear. You want to sell when it's overbought and buy when it's oversold and the price doesn't really matter. For instance, we had the last ath at 70k. A drop below 48k would be a signal for you to start slowly buying. With a bottom of 33k, a move to 45k would be a sign to slowly start selling, ant that's what many people are doing. It doesn't mean this is the best thing you can do, because Bitcoin will probably break to 50k in the next 3 months, but in general Bitcoin destroys impatient traders. If you don't see it go your way don't panic, take a break.