How do we manage our crypto trading strategy

[NosaEd91]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

[1714790598]

1714790598

[1714790598]

1714790598

[1714790598]

1714790598

[1714790598]

1714790598

[Edwardard]

the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

Stick to your plan, i.e., once a sl is decided by you before you even enter the trade, dont try to shift it more lower/higher later and just stay with one or two coins (mostly BTC and ETH), a lot of variations can f*k up your strategy as all other shtcoins are highly manipulative and give insanse wicks every now and then unlike btc and eth. You cant wait for a candle closing if it wicks to your liquidation price before you can even think of closing the trade (on 2x lev as well on alts).
And make sure you have a good source with you in hand for all the future news, becz no matter how well a TA based strategy is, news and fundamentals play a major role!.

[Sebas.tian]

The most popular strategy in the community is to buy cryptocurrency when the price is low in the market, and hold to watch when the price will increase higher before you can release what you are holding at the moment to achieve something special from the market. Personal research is another strategy many traders used to overcome losses, and embrace profits in the future because the moment you Carry out your personal research before investing on a particular coin, it will be difficult for you to experience failure than to achieve success at the end of the market.

[bittraffic]

The most popular strategy in the community is to buy cryptocurrency when the price is low in the market, and hold to watch when the price will increase higher before you can release what you are holding at the moment to achieve something special from the market. Personal research is another strategy many traders used to overcome losses, and embrace profits in the future because the moment you Carry out your personal research before investing on a particular coin, it will be difficult for you to experience failure than to achieve success at the end of the market.

This strategy never makes one lose which can not be obsolete like OP is saying. If he is trading constantly either in the spot or futures, that might not work well because this bear market is well affected by many outside factors like the government trying to fight inflation, war, and CBDC replacement for the cash.

Some say this recession is not just causing this bear market to extend up to 2024. Trading strategies will not work well if the market is very much manipulated.

[crwth]

I think you need to understand that in trading, It’s not just with the cryptocurrency market, but also the stock market, and knowing that the stock market has been around for years so long that many of us members here are not yet alive. Still, systems have been developed to take advantage of the market and profit from it, so some strategies are proven to work in some time, but the market still dictates what would happen.

If we are talking about efficiency and constant use of strategy, I think the best way to do that is to use a trading bot like Gunbot to be consistent and manage the risk accordingly.

In terms of the market, we need to adapt to what specific demands we are having now, so I think the best way with that is also to learn what different markets are there and what appropriate strategies are needed to put to work.

[Oshosondy]

Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

The are just few crypto trading strategies that can make profit possible for you and they can not become obsolete. Newbie traders that will become successful have to know one or two of the strategies.

The most popular strategy in the community is to buy cryptocurrency when the price is low in the market, and hold to watch when the price will increase higher before you can release what you are holding at the moment to achieve something special from the market.

This is holding, not trading. Holding and trading are different entirely.

Personal research is another strategy many traders used to overcome losses, and embrace profits in the future because the moment you Carry out your personal research before investing on a particular coin, it will be difficult for you to experience failure than to achieve success at the end of the market.

Investing means holding too, not trading. Personal research is also not a strategy but a knowledged seeked for to know the right thing to do to do something correctly.

If we are talking about efficiency and constant use of strategy, I think the best way to do that is to use a trading bot like Gunbot (https://gunbot.ph) to be consistent and manage the risk accordingly.

There are successful traders that do not make use of bot.

[Adbitco]

If you wanna become successful in crypto trading don't be too haste to make profit or thinking is a get rich scheme which after you funds your account you began to make profits. Now from my ends whenever I think of trading I only choose some few coin like TWT or ETH and BTC place in an order with just little changes maybe $3 to $10 TP and if triggered I go with it (consistently) you could make out something good while trading which is mostly called scalping while others may calls it DCA.

[palle11]

I don't think there is an obsolete strategy but when the volatility seem as if our strategy is not picking profit anymore we should understand that it is temporary. Like for instance during this season of ending of the year, we should not expect that market will be stable so with the rush, volatility will happen and support or resistance levels won't be obeyed. I think such times, staying out will be better but if we want to continue maybe to adjust the strategy can help.

[Zilon]

To continue trading without going obsolete, mastering what ever strategy that has been productive in the past comes first. Sometimes the strategy didn't just turn out obsolete, but it was ignored. At times too we expect the strategy to do what we want and we forget we are meant to follow what the strategy suggests we do. It is simply with what ever strategy trading the obvious will make our strategy look reliable has long has we trade them the right way.

[jrrsparkles]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

Efficiency depends on your holding time period and buying/selling price so the concept is really simple. All you need to do is buy low and wait until the price reach high then sell it.

So the complications occurs when you do it more often and trying to reap more profits like 2x, 3x or x amount of returns in short time then you will be trying day trading and in natural the price of cryptocurrency is highly volatile and speculative so its impossible to find the price movements accurately so the consistent in making profits will never be possible.

[maydna]

Continuing to trade without becoming obsolete is always learning to analyze to update yourself with situations and conditions in the market. If you can analyze every market condition, you can enter the market at any time and determine when to buy and sell to make a profit. But this is not easy because there is a process you must go through, and it takes hard work to master every way to analyze market conditions. By continuing to learn to analyze market conditions, you will know what is happening in the market so that you can be calm and wise in anticipating it.

[hugeblack]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

What do you mean by trading strategies if you are talking about it as a general term like DAC, support and resistance points, some technical analysis, it is better to wait for a long time before you start evaluating the quality of the strategy.
As for trading strategies that imitate a specific policy or what a specific person or investor does, it is better to evaluate them in a shorter period or start with your own strategy.

[dimonstration]

Rulebook is the answer. By creating a rulebook, You can guarantee that your trading strategy will always follow on the format that works on your trading style rather than trade base on your feeling or thoughts alone since decision making can be affected by emotion so even if you have a good strategy but you have a weak feelings control then your decision will always vary to a inconsistent result.

I guess you are suggesting that improve strategy base on what is working on current market condition but adjusting your own strategies will take time to to calibrate since market volatility is high and unpredictable. Having a fixed strategy is still the best and just rest in case the current market conditions doesn't fit to your current strategy.

[hyudien]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

The answer is how capable you are of mastering all kinds of trading strategies. Because achieving efficient traders with successive profits is not an easy thing to achieve. There needs to be synchronization between your understanding and what you trade. Even reliable traders are not always in a profitable position, those who have mastered all types of trading often deviate from the profit target in the market. Therefore no trade is truly efficient without involving losses.

[Nrcewker]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

According to me no strategy works the second time. Everything that matters in trading is pure luck and good knowledge. If you are able to make good calculations and estimations then definitely you will minimise the risk of losses. I know some strategies reduce the risk of losing, but that’s very rare. So yes in order to trade you have to give time to the market and analyse it correctly. At last invest that you can afford to lose. Hope this helps you OP.

[Sterbens]

Find your best trading strategy, and do it consistently. There are many kinds of strategies that are used, and all of them can be studied and find out which one you feel is the best of the various strategies that exist. I will make a comparison here, maybe we see a lot of successful traders with the strategies they use, but those strategies don't work with us. Now here we must realize that the same strategy with other people will not bring the same success either. So basically we have to find and understand the strategy that we will use.

[goaldigger]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

Just focus on your own strategy and ignore the noise of the market, there's a lot of fud and hype in this market so if  you get distracted, you might experience a bad trades. The only way to reach your goal is to be more consistent, and if you think your strategy is not working anymore then try to create another strategy and use other indicators to confirm your trade. If you are just going to depend to anyone with your trades, or any signal group then expect to lose more money and expect not to be effective in trading.

[Jody.Drummer]

Loss and trading are interconnected and it is impossible to separate them because they are one unit. This can be minimized with a trading strategy from the results of our analysis of the market. But how efficient are the strategies we use? nothing works 100% of the time. Not only strategy, we also have to fully understand the aspects that are in the market. Strategy is the final step before we finally execute a market. Especially for beginners, it will not be as easy as it looks, maybe in theory yes it is easy, but in practice it will be mentally draining.

[Hamphser]

Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit

Stick with your own made analysis (dont make yourself boggled up with other speculations around)
Dont really be emotional (normal for a human being but dont tolerate it)
Never make yourself easily get dragged with some Hype or Fud
Be versatile (Market does move randomly which you would need to adjust)
Dont hope or be desperate ( If you do have these emotions then you are most likely to fail)

Managing ourselves within our crypto ways and methods would be entirely be depending into you.The more experience you do gain the more awareness you could have
on trading world.You cant really just make yourself that too confident on every actions been made since this isnt something simple that you could deal with.

[darewaller]

Loss and trading are interconnected and it is impossible to separate them because they are one unit. This can be minimized with a trading strategy from the results of our analysis of the market. But how efficient are the strategies we use? nothing works 100% of the time. Not only strategy, we also have to fully understand the aspects that are in the market. Strategy is the final step before we finally execute a market. Especially for beginners, it will not be as easy as it looks, maybe in theory yes it is easy, but in practice it will be mentally draining.

The only way to not experience a loss is to not do trading at all or any activity which has a risk on them. The only downside of it is that you won't also grow or gain anything. If you are the one that formulates your strategy then you will know its effectiveness. Having a strategy is better than trading randomly. That won't differ to gambling anymore.

Yes, there is no such thing as 100 percent winning rate strategy. Can't imagine if someone has that then they are now the richest person in this world lol. Building a strategy is not easy most especially for a beginner but it is worth it because like you said, a strategy can minimize our risk of losing or can increase our chance of earning a profit.