My trading stradegy

[Cullinantime]

Im so newbie here but this is my way

Mostly binance futures If i trade but now due to financial problems i can't trade so much and don't have enough funds...untfortunately
I look for top gainers sometimes they go even higher so if coin is up 20% it might trap If i see still coin can move up i move on to short altcoins i look for bigger Marketcap altcoins If they are up 5% then i Open short and If there is no news or any reasons for further pump i Open short.
Right now i see etc/usdt extremly over-bought and fake-out so i did Open short it now. Price 17.065$ on binance i think good entry for short with this price now.








Enjoy hope you like it let me know ur toughts aswell , thnx

[mk4]

So your strategy is simply to just short coins and tokens that already pumped a decent amount, but has no narrative to support the pump? I don't know mate — that's too overly simplistic to work consistently to the point that I'm pretty sure every single trader has thought of this "strategy" when they were just beginners.

But in the end, if you can make it work, then good on you!

[Oshosondy]

Short position for altcoins are risky because they can go 2x more at anytime, but if it is ether that you used it for, I mean ETHUSDT, that is still a good idea. If you use low leverage or 1x, you will be able to make profit from it. But it is good sometimes to gain and close your position as early as possible because the market that you think is overbought might not later reduce much and later people may buy it more. If bitcoin is not yet $30000, my mind will not be at rest and  bitcoin and other coins may go up higher.

[Cullinantime]

So your strategy is simply to just short coins and tokens that already pumped a decent amount, but has no narrative to support the pump? I don't know mate — that's too overly simplistic to work consistently to the point that I'm pretty sure every single trader has thought of this "strategy" when they were just beginners.

But in the end, if you can make it work, then good on you!

I try to catch the top then i short then i try to make sure it's not going up i search if any news if not then the large cap altcoin usually not going too high.
The top gainers i'll only short when i think it's top right now instead of choosing binance top gainers i picked etc short and it worked out well
What i see is that top gainers on binance can go more higher and not good idea to open short so i don't touch them if Im not sure.
Sure when we have more bullish market then i'll try to catch up lows instead of top prices.
If you do trading you have to adapt yourself according to market.

[jossiel]

Im so newbie here but this is my way

Mostly binance futures If i trade but now due to financial problems i can't trade so much and don't have enough funds...untfortunately
I look for top gainers sometimes they go even higher so if coin is up 20% it might trap If i see still coin can move up i move on to short altcoins i look for bigger Marketcap altcoins If they are up 5% then i Open short and If there is no news or any reasons for further pump i Open short.
Right now i see etc/usdt extremly over-bought and fake-out so i did Open short it now. Price 17.065$ on binance i think good entry for short with this price now.

One thing, if you've been telling us that you're into binance futures and you're a newbie and you're out of budget. That means that it's not effective to you.

But if you've got some strategy that you feel is gonna work for you, feel free to follow it until you see the effect of it being better.

Anyway, my tip to you being a newbie. Avoid futures.

[Ahli38]

Im so newbie here but this is my way

Mostly binance futures If i trade but now due to financial problems i can't trade so much and don't have enough funds...untfortunately
I look for top gainers sometimes they go even higher so if coin is up 20% it might trap If i see still coin can move up i move on to short altcoins i look for bigger Marketcap altcoins If they are up 5% then i Open short and If there is no news or any reasons for further pump i Open short.
Right now i see etc/usdt extremly over-bought and fake-out so i did Open short it now. Price 17.065$ on binance i think good entry for short with this price now.
Enjoy hope you like it let me know ur toughts aswell , thnx

I think your trading method in the futures market is too risky. But as long as you can still have a good strategy. And have risk management in trading so you will stay safe. Each sets a profit target and sets a stop loss target. So that when the market changes or suddenly, you don't worry that you will experience a lot of losses because we have set a stop loss. For trading on pumped coins sometimes it brings big profits. As long as we can have the courage to enter. The method used in this type is fast trading (Scalping).

I personally do not like to take risks that are too high. I prefer to patiently monitor the market and jump in when it's worth entering. Well I am also a day trader. And scalping has also become my daily routine. On coins that do not have any news and events, technical analysis is needed and the level of accuracy is quite high. But for coins that have events and news, we only have to follow market trends and estimate the response or market sentiment to the events and news that appear. So that sentimental analysis, fundamentals are prioritized and then make technical analysis before taking positions. and to determine to what extent the target increase and take profits.

[logfiles]

Shouldn't you be having enough funds by now since the strategy seem to be working for you according to your narrative?
Shorting low cap altcoins is pretty hard because there are certain one minute wicks that form (pump and dump in one minute) and they can even liquidate your position or activate your SL with ease.

It's not as easy as you think

[sheenshane]

Ain't good at trading and I didn't try this strategy you've said, so my advice is don't forget to include in your plan the stop-loss which is very helpful when you experience a massive loss.  You should have this good technical analysis based on your stop-loss levels on key support or resistance levels, trend lines, or other technical indicators that are relevant to your trading strategy.

If i trade but now due to financial problems i can't trade so much and don't have enough funds..

IMO, it's important to prioritize your financial well-being over trading, especially if you're facing financial problems and don't have enough funds.
My advice is to put an amount that you can afford to lose.

[SquirrelJulietGarden]

Great, Binance Futures,  how many times were you killed /liquidated by Binance?

Trading is risky enough to avoid but Margin and especially Futures trading are more risky trading types. You can luckily to get profit with Margin and Futures trading and think you are genius but in a long run, one or few liquidations from Binance will take most of your capital away.

I experienced with Spot, Margin and Futures trading types and my advice for newbies, don't touch Margin and Futures Trading.

[GreatArkansas]

It's like a catching falling knife here, you are basing on the percentage of the down/up.
I want to ask "How can you say that it's over-bought/sold?" Are you using any momentum indicator like RSI for it? Because as what you said, you are basing on the percentage of price action.

[Husires]

I can say that your strategy was successful until the year 2021. There was no heavy activity of bots that accelerate the upward curve and change the direction slightly. In the past, the strength of supply and demand moved the price strongly in a certain direction, and it is difficult to reverse that direction within a period of 10 minutes to 30 minutes. there was an opportunity to catch up with some currencies that suddenly rise and achieve increases of 2% to 6% from them, but the matter is completely different now and the upward trend can turn rapidly, which makes the option to sell when the price rises is done by market order, which often means selling at a loss or at a profit little.

This strategy is not always effective in the psychoanalytic levels of Bitcoin but it is difficult to predict the next direction.

[cabron]

This is your new trading strategy or this is still the old one?
Sometimes it makes sense for what goes up always comes down. If it continues to go up, you'll just have to be sorry for the funds getting liquidated.

The old system simply didn't work since you already said you don't have enough funds anymore. The losses are always going to teach you lessons and you gain experience over time with the losses you made.

[Richkiedx]

first of all before I trade I will first look at the coins to see what they have then when I have chosen the coins I will trade I will first go from higher timeframe to lower timeframe so I can see where I will position and also to see first where is the liquidity and so that I know where I am going to enter and where I am going to exit.. and also with risk you must have a risk management and trading plan

[Cullinantime]

It's like a catching falling knife here, you are basing on the percentage of the down/up.
I want to ask "How can you say that it's over-bought/sold?" Are you using any momentum indicator like RSI for it? Because as what you said, you are basing on the percentage of price action.

Yes it's like catching falling knife.
Now I short cyber /usdt good entry price 7.32 my sl 7.70 i see it's safe to entry and don't see it can go any higher i don't see any long wicks either so it's safe and Im waiting nice profit.

[Cullinantime]

Great, Binance Futures,  how many times were you killed /liquidated by Binance?

Trading is risky enough to avoid but Margin and especially Futures trading are more risky trading types. You can luckily to get profit with Margin and Futures trading and think you are genius but in a long run, one or few liquidations from Binance will take most of your capital away.

I experienced with Spot, Margin and Futures trading types and my advice for newbies, don't touch Margin and Futures Trading.

Today right now i been screening the market top gainers.
I see good opportunity for combo/usdt  SHORT now good entry price now 0.5238$ sl i have 0.5322$  tp 0.5145$

[logfiles]

Today right now i been screening the market top gainers.
I see good opportunity for combo/usdt  SHORT now good entry price now 0.5238$ sl i have 0.5322$  tp 0.5145$

Here is my suggestion,

Why don't you create a thread for your trades, fund your account with a few dollars, and show us how you are going to make huge gains using this strategy?
It's easier making calls when no emotional element is involved. That why people make lots of successful trades using demo accounts but on real live trading, things are quite different.

[Husires]

Today right now i been screening the market top gainers.
I see good opportunity for combo/usdt  SHORT now good entry price now 0.5238$ sl i have 0.5322$  tp 0.5145$

Such movements in altcoin trading pairs and the correlation of their pairs with the dollar are random, and it is difficult to find a specific strategy to ensure that you achieve a profit in most of the deals that you open. I think the reason the combo is high is because China Cuts Stamp Duty Rates and you can find the news link https://thecryptobasic.com/2023/08/28/vet-cfx-combo-phb-poised-for-rally-as-china-cuts-stamp-duty-rates/
Therefore, such things require that you study currencies and news before you have indicators of an increase in the price, which is difficult due to the large number of cryptocurrencies.

[palle11]

I think you are just trading imaginery correction with no clear analysis or chart to follow on it. The risk with such strategy is that you can easily be trapped. A pair that does 10% pump, how do you know how many percent short it could drop? You might expect a 15% drop in correction and it only retraced for 2% and start long again. You need a clear strategy and not a guess on retracement because there was a pump.

[jeraldskie11]

Trading without analyzing the market is gambling. If you want to be profitable in trading, you must have a trading plan. Even though you have a trading plan doesn't mean you will immediately become profitable. You should back test your strategy and do some paper trades. If you are profitable with your trading plan, then you can try it on live with small funds. Live trading is different from paper trading because there will be an emotion involved which can affect your trades. That's how important to have a trading plan in trading, imagine, there's no strategy that works 100% how much more if we didn't analyze the market.

[Pandu Geddon]

looks like you are enjoying your trading. but from what you said it looks like you're just guessing. I don't mean to minimize what you said, but you shared your guess as if you were giving a signal. It doesn't matter whether people want to follow your trading method or not, because you mentioned you are a beginner, it is better for you to develop your trading strategy better. not only with your feelings and guesses based on the pump and dump of an asset. it's too risky to get caught.
I wish you success.