What are your most effective crypto trading strategies?

[MusaMohamed]

1: What trading strategies have worked for you in the past?

Long, short, catch a falling knife are helpful for me but I had losses with them some times too.

2: How do you manage risk when trading cryptocurrencies?

Don't use all my capital for trading at once. Use stop-loss order, stop-limit order.
One of best weapons in trading - Stop loss order
Stop limit order

Before using stop loss or stop limit order, don't open a position if you see risk:reward ratio is > 1:3

[Flexystar]

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?


Let's have a productive discussion and share our knowledge and experience with each other; Thank You

1. Choosing right coin to trade. I started with bitcoin because of its closeness, likelihood of getting more profits as compared to any other alts. The number one reason was, trustworthy coin. The strategy was simple, only trade the coin which you are sure about and avoid all the coins no matter how promising they might “feel” or “look”.

2. This is more or less related to the strategy that I build while trading. Anyways, sooner I came to know that trading isn’t that easy when it comes to volatile assets like bitcoin/Altcoins. So very first, kept my trades long term only. No short positions, only the long term with viable volume to trade.

3. Since I am not hardcore trader, my trades were solely based on technical analysis done in the news articles and money control blogs. Rest I assured to check up with facts about the coin that I’m trading. Most of the help I always get from BTT itself.

4. I have always been long term holder. The best we can do in the volatile market is stay calm and do not close the positions in hurry. That will turn your trade position into FOMO sort of investment. You lose a lot that way.

5. I focus mostly on DCA trades. Whenever I see the opportunity I will buy the coins at the particular prices and transfer the coins to wallet right away. I do not believe in keeping my coins on an exchanger more than its required.

6. Don’t seek heavy profits. Play with demo accounts first. If you want to have trading as main income source then take the classes first. Deeply learn about technical analysis. Don’t have multiple open positions.

[palle11]

4: How do you deal with market volatility and sudden price swings?

I'm going to say this should not be a problem to a crypto trader who is using stop loss strategy. It is very good to add such to trading strategy because it takes away fear of losing all out when the price swing against your position. So this is an advise also to the newbie and it cut across most of the questions you have asked. No matter how good your strategy is, it is risky to trade without stop loss.

[justdimin]

Start small and increase your risk and capital as you gain more knowledge of the market through experience. I always advise anybody I bring into the cryptocurency market to start with trading Bitcoin against stablecoins and as they begin to understand the market better then they can shift to other pairs and finally trading altcoins entirely because that's where the money is.

I noticed that those who immediately start trading altcoins could get confused and lose to the market as there are so many of them in the market that looks good for trading but are just useless and immediately you buy, you can get dumped on. It's never a good choice to start trading what you don't understand how they behave.

I think starting even with zero could be done, if one wants to be that careful. Well, you can learn how to trade from studying indicators and reading charts and overall TA basically, but then instead of starting slow, they can open a demo account in a demo place and make moves on real market movements, prices are based on real prices in most of them, so you should be doing fine and to keep that going for a long time means that you will learn if you studied enough or not.

That doesn't mean you will be great at real trading just because you are great at demo, but it surely means you start with not losing anything at first. Then you can move with small real money ones and can see if you are any good or not as well.

[Kgdktac]

4: How do you deal with market volatility and sudden price swings?

I'm going to say this should not be a problem to a crypto trader who is using stop loss strategy. It is very good to add such to trading strategy because it takes away fear of losing all out when the price swing against your position. So this is an advise also to the newbie and it cut across most of the questions you have asked. No matter how good your strategy is, it is risky to trade without stop loss.

Yes indeed, if only it is easy to understand this as a newbie. As a newbie the ideas that trading should be viewed as probability is not very attractive. But Noted

[Wind_FURY]

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?

I tried trading shitcoins, it didn't work for me. I buy Bitcoin and HODL. A pleb like me with small capital should keep it simple.

2: How do you manage risk when trading cryptocurrencies?

During 2019, most of my savings went to Bitcoin. It was high risk during that time.

3: What are some indicators or tools that you use to inform your trading decisions?

Nothing. I read, and learned more about Bitcoin.

4: How do you deal with market volatility and sudden price swings?

I don't. Everything is in cold storage, although I sometimes feel the stress.

5: How do you set your buy and sell orders?

Buy the DIP and HODL, and there's another one that might be coming. PREPARE!

6: What advice do you have for new traders who are just starting out?

Keep it simple, and don't diversify. Plebs like us shouldn't trade like the whales with billions in capital. Buy one coin, preferably Bitcoin and HODL! Or probably concentrate on just two or three coins, but never "diversify". You're not a billionaire.

[Kgdktac]

Start small and increase your risk and capital as you gain more knowledge of the market through experience. I always advise anybody I bring into the cryptocurency market to start with trading Bitcoin against stablecoins and as they begin to understand the market better then they can shift to other pairs and finally trading altcoins entirely because that's where the money is.

I noticed that those who immediately start trading altcoins could get confused and lose to the market as there are so many of them in the market that looks good for trading but are just useless and immediately you buy, you can get dumped on. It's never a good choice to start trading what you don't understand how they behave.

I think starting even with zero could be done, if one wants to be that careful. Well, you can learn how to trade from studying indicators and reading charts and overall TA basically, but then instead of starting slow, they can open a demo account in a demo place and make moves on real market movements, prices are based on real prices in most of them, so you should be doing fine and to keep that going for a long time means that you will learn if you studied enough or not.

That doesn't mean you will be great at real trading just because you are great at demo, but it surely means you start with not losing anything at first. Then you can move with small real money ones and can see if you are any good or not as well.

Great input there i must say, I have seen Traders who has lost it all because of the promise and the adrenaline rush of the Said Market, Many a times playing with demo dont usually excites as much but by God they can save your life as a new up and coming Trader. Trading the Market can defenitly lead to Penury if one is misguided, this is why Financial education is Key and Platforms Like this one (Bitcointalk) plays an iMportant role. Thank you

[BRINIRHA]

5: How do you set your buy and sell orders?

To be honest I rarely trade in the short term (daily) I prefer buying and selling on a weekly or monthly basis. And what I did in determining the selling and buying points was only in a simple way, such as placing a purchase at the support point where the price bounce occurred. and I put selling at the resistance point where there is a price rejection to go higher. but I can only do it in 4 hour timeframes. whereas when I try to day trade to be honest I often experience losses. So I really avoid day trading for now. because I am aware that mentally and scientifically I am not proficient enough in trading analysis. especially my weakness in technical analysis. so I trade more often based on fundamental analysis.

[beerlover]

5: How do you set your buy and sell orders?

To be honest I rarely trade in the short term (daily) I prefer buying and selling on a weekly or monthly basis. And what I did in determining the selling and buying points was only in a simple way, such as placing a purchase at the support point where the price bounce occurred. and I put selling at the resistance point where there is a price rejection to go higher. but I can only do it in 4 hour timeframes. whereas when I try to day trade to be honest I often experience losses. So I really avoid day trading for now. because I am aware that mentally and scientifically I am not proficient enough in trading analysis. especially my weakness in technical analysis. so I trade more often based on fundamental analysis.

When you take it weekly or better yet monthly, that makes it easier to predict the future a bit, because it gives you a chance to see a larger portion of the time before you could make a move and you could end up with a good result thanks to that.

However, if you end up with nothing like that, and day trade only, that will result with nothing that exceptional, you will most probably end up with a bad result because you may not have enough time, or you will give up on day trading and turn that into longer period. Obviously in both cases if you buy and it suddenly goes up then you can sell and make a profit, what I am talking about is only true in cases where it is simply when price goes down, that will be a bit more different in that case.

[SFMHodler]

For me none of them worked in the long run, only buy and hold.

[usekevin]

When you use to buy with short period in a day,you can able to buy at many dump.When the market is bear,the dump occur at various points.Even the price dump to all time low,So it will be best chance to buy for your future.All the traders should know the holding is essential one for good returns from your investment.When the trader depends on the market,the price of the crypto currency will increase or decrease depending on the market demand.So work with the market flow and don’t work against the market flow.It’s basic one need to understand by the crypto currency traders before beginning of crypto currency trading.

[Quidat]

Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. In this discussion, let's share our most effective crypto trading strategies and learn from each other.

Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?


Let's have a productive discussion and share our knowledge and experience with each other; Thank You

1. Its all that mixed up, we do have different trading indicators or tools which are being used on a specific market condition.2
2. Always set out some stop loss and always consider on how much money you could really be that willing to be risk or lose on.
3. MA,RSI,FIB, HARMONICS, SUPPORT and RESISTANCE and looking anytime for some divergences.
4. If the volatility is something that i could deal or get along with then i do just simply go with the flow or into those normal days of trading, if i cant then i do make up some break.
5. Buy low Sell high as always but i do most likely on swing trades than on day trades but it does matter if i do see some opportunity.
6. Never rush yourself on learning up trading, it would really be a long way to go but it would be basing up on how fast you would be learning up along the way.

You would really be making lots of trials and errors when it comes on creating your own strategy and it would really be in different variety or mixed up.

[irhact]

But instead what happens is that newbies want to trade altcoins, employ leverage while using the 15 minutes chart or even a faster chart, and as you may guess those newbies rarely end up having a successful experience.

That's just ignorance for anyone to do and the newbies aren't the only ones guilty of this mistakes, altcoins are very risky to invest in or trade than Bitcoin and instead of anyone starting to trade altcoins, they can just buy and hold to sell for profit when they see the window of opportunities. Only the professional should be trading altcoins or those that have gotten some experience.

For traders what give them the most losses are altcoins and that's because they think and trade them as they'll do with Bitcoin but they forget that altcoins are more volatility than Bitcoin because they're so many in the market and all are fighting to get attention through hyping.

[death69]

But instead what happens is that newbies want to trade altcoins, employ leverage while using the 15 minutes chart or even a faster chart, and as you may guess those newbies rarely end up having a successful experience.

That's just ignorance for anyone to do and the newbies aren't the only ones guilty of this mistakes, altcoins are very risky to invest in or trade than Bitcoin and instead of anyone starting to trade altcoins, they can just buy and hold to sell for profit when they see the window of opportunities. Only the professional should be trading altcoins or those that have gotten some experience.

For traders what give them the most losses are altcoins and that's because they think and trade them as they'll do with Bitcoin but they forget that altcoins are more volatility than Bitcoin because they're so many in the market and all are fighting to get attention through hyping.

Don't know 'bout you, but I'm all about tackling the tough stuff. And wrangling the wild beast that is the altcoin jungle? It's like teaching a feral wolf pack to moonwalk. But c'mon, that's the thrill, right? If we wanted snoozeville predictability, we'd cling to Bitcoin and snub the uncharted. Adventure, anyone?

Plus, picture the epic yarns we'll spin post-altcoin conquest. We'll be the buzz, the trading world's mythical heroes. Naturally, there's the chance of a wild dog chomp. But hey, a smidge of danger for a shot at glory? Suit up, amigos, let's blaze into the altcoin twilight. Adventure's callin' our names!

[LUCKMCFLY]

4: How do you deal with market volatility and sudden price swings?

I'm going to say this should not be a problem to a crypto trader who is using stop loss strategy. It is very good to add such to trading strategy because it takes away fear of losing all out when the price swing against your position. So this is an advise also to the newbie and it cut across most of the questions you have asked. No matter how good your strategy is, it is risky to trade without stop loss.

Yes indeed, if only it is easy to understand this as a newbie. As a newbie the ideas that trading should be viewed as probability is not very attractive. But Noted

Well, volatility is something difficult to measure, but I believe that one can make a type of strategy based on the news and on intuition, because volatility has a lot to do with those impulses that operators,media, and institutions have about as is the world scheme, and it depends on it if they are in a good moment to inject more money into bitcoin or consequently sell quickly in panic,as happened in 2020 when covid19 came out, which was a devastating fundamental for the market of btc and for all speculative markets.

[GreatArkansas]

6: What advice do you have for new traders who are just starting out
(....)

There is a lot of advice or must TODO when you are just starting out. I can give you some importants;
Start small - try a small amount of capital to try your first few trades.
Practice on demo exchanges - there are some exchanges that got demo trading, which means you don't need real money.
Risk management - know the risk, know how much are you willing to lose, and know how much you will win on every trades, always set stop loss and price target.

[sheenshane]

6: What advice do you have for new traders who are just starting out
(....)

There is a lot of advice or must TODO when you are just starting out. I can give you some importants;
Start small - try a small amount of capital to try your first few trades.
Practice on demo exchanges - there are some exchanges that got demo trading, which means you don't need real money.
Risk management - know the risk, know how much are you willing to lose, and know how much you will win on every trades, always set stop loss and price target.

Whatever your strategy is, don't forget the stop-loss.
Setting a stop-loss order can help limit potential losses by automatically selling a cryptocurrency if it drops below a certain price.  This can be a useful tool for managing risk and the last one is the DCA way of purchasing crypto.  This can help smooth out fluctuations in price and reduce the risk of investing all at once when the market is high.

Remember that there are no accurate strategies for trading and also no trading strategy is foolproof.

[borovichok]

Well, volatility is something difficult to measure, but I believe that one can make a type of strategy based on the news and on intuition, because volatility has a lot to do with those impulses that operators,media, and institutions have about as is the world scheme, and it depends on it if they are in a good moment to inject more money into bitcoin or consequently sell quickly in panic,as happened in 2020 when covid19 came out, which was a devastating fundamental for the market of btc and for all speculative markets.

I frequently wonder where all these major projects would circulate their up and down movement if Volatility did not exist. Our strategy always matters interms of dealing with the market, knowing the perfect strategy for each season. The market cannot be stable, even for a single day; the only sign that the market is inert is total consolidation. Volatility is what keeps our liquidity fueled and the market moving. It's always a really tight lane to be watching bitcoin drop heavily and looking for solid entrances at that point. Bitcoin has the ability to influence the market in both bull and bear directions; it all depends on what we actually desire in the market.  

[LastKiss]

~snip~
Questions to consider:

1: What trading strategies have worked for you in the past?
2: How do you manage risk when trading cryptocurrencies?
3: What are some indicators or tools that you use to inform your trading decisions?
4: How do you deal with market volatility and sudden price swings?
5: How do you set your buy and sell orders?
6: What advice do you have for new traders who are just starting out?


Let's have a productive discussion and share our knowledge and experience with each other; Thank You

Personally, I'm not trading that much because I'm busy with my work, but when I see a chance to trade then I will try it. Mostly for simple trading analysis, I used the RSI indicator with this I can trade for the short term. As long as I use money that I can afford then I can ignore the market volatility but I highly avoid those shady tokens in the crypto market.

[Bananington]

6: What advice do you have for new traders who are just starting out
(....)

There is a lot of advice or must TODO when you are just starting out. I can give you some importants;
Start small - try a small amount of capital to try your first few trades.
Practice on demo exchanges - there are some exchanges that got demo trading, which means you don't need real money.
Risk management - know the risk, know how much are you willing to lose, and know how much you will win on every trades, always set stop loss and price target.

In addition to this, new traders should know and understand what they are about getting into that it is something that has the power to make them richer or poorer, with emphasis on poorer. The idea some new traders have is that as soon as they begin trading, they will   immediately start making profit, we all know it does not work that way. New traders eed to know that if they are skillful enough they can make more losses than profit in trading.