My trading stradegy

[michellee]

I see your trading skills have improved and you really enjoy your futures trading. Today's market really allows someone to make a profit, but he must be able to do or find the right coin. This is where the difficult part is because of the many coins on Binance, he has to analyze them one by one. Maybe you are used to using Top Gainer so you can find coins that have potential.

But be careful and keep an eye on the movement of Bitcoin because after all, if something happens to Bitcoin, the altcoins will also be affected. And until recently, it seemed like Bitcoin is down again and make many altcoins down too. You need to be careful because it seems the correction is coming again.

But hopefully, this can make altcoins move upwards and provide profits while Bitcoin is still waiting for the next moment. And let's hope that the Bitcoin price doesn't fall back too deep this month.

[usekevin]

I see your trading skills have improved and you really enjoy your futures trading. Today's market really allows someone to make a profit, but he must be able to do or find the right coin. This is where the difficult part is because of the many coins on Binance, he has to analyze them one by one. Maybe you are used to using Top Gainer so you can find coins that have potential.

But be careful and keep an eye on the movement of Bitcoin because after all, if something happens to Bitcoin, the altcoins will also be affected. And until recently, it seemed like Bitcoin is down again and make many altcoins down too. You need to be careful because it seems the correction is coming again.

But hopefully, this can make altcoins move upwards and provide profits while Bitcoin is still waiting for the next moment. And let's hope that the Bitcoin price doesn't fall back too deep this month.

If the trading is future trading mentioned by the OP,then the OP must do the practice of future trading before the live trading.Because future trading is risky one for the new traders,if they increase the leverage to high.The OP may loss the entire money he had invested in the future trade,he should practise the future trade with the demo account.Once he practice over a month,he will get huge knowledge for the future trade.Then he can start the future trade with the real money,the experience people can easy earning from the future trading.

[taufik123]

-snip-
But be careful and keep an eye on the movement of Bitcoin because after all, if something happens to Bitcoin, the altcoins will also be affected. And until recently, it seemed like Bitcoin is down again and make many altcoins down too. You need to be careful because it seems the correction is coming again.
-snip-

Bitcoin is always the main watch even if we trade on Altcoin pairs.
Because after all Bitcoin is the main cause of market movements.
Looking at the Bitcoin dominance chart, if dominance drops then altcoins will rise and if bitcoin dominance increases there is no chance for Altcoins.

There are many strategies that can be applied depending on how each person's trading style is.
The use of strategies can also be combined with various trading tools.
I usually use Tradingview to analyze because there are complete trading tools available.

Just look at this Bitcoin cheat sheet table and you can determine what will happen with Altcoin.

[MURONDI]

Your strategy of looking for top gainers and then shorting them if they are up 5% is a bit risky, as it is possible that the coin could continue to pump.

It is also important to use stop-loss orders when trading crypto, as the market can be very volatile. This will help to limit your losses if the market moves against you.

I am not a financial advisor, so I cannot give you specific advice on how to trade crypto. However, I can provide you with some general tips:

Start with a small amount of money and gradually increase your trading size as you gain more experience.
Do your research and learn about the different technical analysis indicators.
Use stop-loss orders to limit your losses.
Be patient and don't try to trade every single day.

I hope this helps!

[Sebas.tian]

Since you're a newbies in the community do everything possible to carry out your personal research before trading your coins in the market because many traders have lost a lot of money for altcoins investment. It is good to use short term strategy to earn little money from crypto trading but when you are about to increase your capital in crypto trading, I will advise you to apply long term holding before trading your altcoins which it will really help you to enjoy what others potential traders are enjoying in the market. It will be favourable if you can include Ethereum, because the coin don't take a long time before it will show green light to alert their customers that bullish season will soon take over the market for short term traders to smile.

[Fuso.hp]

Thinking about your side, your trading skills are good but it remains to be seen how useful these trading skills will be for others. In binance futures trading you mentioned some ALT coins that you want to trade short but I think the market of these coins don't rise naturally, the market always shows a lot of volatility so if ever you are training short side. If accepted, it will be seen that the market has increased several times within a short period of time, in which case a big loss of money can be seen. If you accept risk then this trading is fine for you but if you don't like to accept risk then it is better to avoid this type of trading.

[bettercrypto]

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

According to the cryptocurrency market movement I've seen lately, a short position is currently useless. Even day trading is not a useful activity at the time, in my opinion. If you look closely, you will notice that the resistance is fairly mild, but that it will abruptly give way to a big wave, causing the value to fall.

To those who think they can earn from short-term trading, I can only wish them luck, no matter how adept you are at analyzing or interpreting a trading chart. It might be possible, but it is undoubtedly rare. You won't be trading effectively if you solely rely on speculation.

[TimeTeller]

Your strategy of looking for top gainers and then shorting them if they are up 5% is a bit risky, as it is possible that the coin could continue to pump.

It is also important to use stop-loss orders when trading crypto, as the market can be very volatile. This will help to limit your losses if the market moves against you.

I am not a financial advisor, so I cannot give you specific advice on how to trade crypto. However, I can provide you with some general tips:

Start with a small amount of money and gradually increase your trading size as you gain more experience.
Do your research and learn about the different technical analysis indicators.
Use stop-loss orders to limit your losses.
Be patient and don't try to trade every single day.

I hope this helps!

If I may add, aside from learning those TA indicators, it would be helpful if you will learn the background of the project itself.
You will understand more about its market performance if you know what is going on with the coin or token itself.
This will give you idea as well as to where possibly it will be heading to when it comes to its market price.
Lurking around on their social media channels will also give you some hints what the team is planning about the project.

[Franctoshi]

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.

Mostly after a coin is pumped, especially Altcoins they usually start dumping immediately, but still risky to enter short positions because sometimes some coin continues to pump thereafter. So the best strategy that OP should adopt or use despite the volatility that the altcoins have is to use low-leverage like 1× or 2× leverage when there is an opportunity to short .

[kawetsriyanto]

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...

So newbie?  
IIs it your first time to trade crypto, dude?  

I'm surprised you choose future trading, it is totally not a suitable trading type for a newbie. How can you choose future? Do you follow your friend?
If you are a newbie, you are better to choose spot trading and don't use big funds. In spot trading, it must be more secure, the price move won't be as drastically as in future trade. And even you make the wrong decision, your funds won't run out like in future trade.

You need to choose a proper trading type, kindly avoid future trade if you are a pure newbie.

[Ahli38]

Thinking about your side, your trading skills are good but it remains to be seen how useful these trading skills will be for others. In binance futures trading you mentioned some ALT coins that you want to trade short but I think the market of these coins don't rise naturally, the market always shows a lot of volatility so if ever you are training short side. If accepted, it will be seen that the market has increased several times within a short period of time, in which case a big loss of money can be seen. If you accept risk then this trading is fine for you but if you don't like to accept risk then it is better to avoid this type of trading.

It is true in this case everyone who enters into the crypto market and does daily trading or short term and medium term trading. They must be prepared for the huge risks that exist in the crypto market. And every trader must be aware of the risks they take. So that they can prepare themselves mentally for the trade they will enter. Technical trading analysis is actually quite easy to understand. But fundamental and sentimental trading analysis is sometimes much more difficult than people, especially beginners, think. But no matter how difficult the analysis in trading is, in the end everything can be learned by everyone. And well in theory it shouldn't take long to figure it out. But one thing that is most difficult for beginners to master is their psychology in trading. Emotional management and risk management are needed in this case in terms of self-control so as not to be too greedy or afraid in making decisions at each trading entry. The point is we should not take crypto trading for granted. But we also shouldn't think that crypto trading is difficult. Because crypto trading is difficult for those who don't want to study hard. and crypto trading is actually quite easy if studied diligently and disciplined.

[doomloop]

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.

If we constantly avoid risk, how can we be able to grow or earn a profit? Yeah, trading is risky but according to what I witnessed, a lot of people are still curious about it and they actually tried it. Not only all are successful though, but at least they already figured out that trading is not for them. If it's our first time trying margin and futures, maybe it's mostly luck that helps us to win so better to not be overconfident.

It's always recommended to put only the capital that we can afford to lose in any risky activity that we do (be it gambling, investing, and trading). For newbies, maybe they need to start on the easiest first and they should only touch margin and futures after building enough experience.

[Sim_card]

Everybody with their own trading strategy that will work for them. The strategy that Mr A used might not work for Mr B,if he uses the same strategy as Mr A. This strategy of your is very risky to me,as I have tried it as a newbie then I was eager to be a trader,thinking that there is so much profit in trading. I haven't gotten any good strategy and for this reason,I quitted trading and only invest for a long term. Since you said that you don't have enough money why do you think trading is the best option for now.

[Sexylizzy2813]

Everybody has a plan when doing something and I believe that investors have their ways of doing things when it comes to planning on how to get to their goal.
Those who don't have a strategy during trading or investing is like someone who doesn't have a plan to move forward.
I'd say if you're learning (how to trade or investing) and you don't know your ways around the business with the amount of money you have to buy Bitcoin and all that, is best you seek for advise from those who are there before you, I think I'd mention a name here zasad@ I believe he has so much to offer in terms of investment, and there are many of them in this Forum.

[red4slash]

Everybody with their own trading strategy that will work for them. The strategy that Mr A used might not work for Mr B,if he uses the same strategy as Mr A. This strategy of your is very risky to me,as I have tried it as a newbie then I was eager to be a trader,thinking that there is so much profit in trading. I haven't gotten any good strategy and for this reason,I quitted trading and only invest for a long term. Since you said that you don't have enough money why do you think trading is the best option for now.

Each person may have different abilities with the analysis they apply in the strategy carried out, which is why one strategy may not be suitable to be applied by others and that happens a lot in this trade. That is why we are required to have a strategy that we develop ourselves to make it easier for us to trade.
I am also not very frequent in trading, I prefer to invest long term. There are several reasons why I do that, one of which is to minimize the risk that I can trade.
Investment is also not without risk, of course there are always risks that we must take. But in long-term investment, the risk will be smaller especially when we invest in trusted coins.

[Cookdata]

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

You have small funds and yet you are trying something that will blow up the little you have on your trading account. Future trading is like gambling but if you play well with technical analysis, you will survive if not most of the time but what your trading strategy is pure gambling without any risk management.

I hope you understand that future is one the market that's heavily manipulated by market makers, they do what they like, they can decide to chase a price for exit and they wouldn't stop until they target is been reach. Now imagine yourself shorting that market when the aim is to keep going, you will eventually get liquidated without anything at the end of the day.

The market you at shorting now is giving you moral because market is mess up right now, the more I look at bitcoin, the more I feel we are going down and that's why it's very easy to short the market but in a bull market, if you try this strategy you might regret ever opening any position in crypto. Market makers in long and short positions are only after ones another liquidity, play safe my friend so they don't eat the little you have managing.

[coinerer]

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.

Fucking strategy, Do not advice people financially. Crypto trading is very risky and when one wants to do futures trading it is even more risky. In the case of futures trading, if you take a wrong entry, the balance will quickly become zero and there is also a possibility that the balance will double quickly.  It behaves like a kind of gambling. With a good capital it is possible to get good profit from spot trading.  So future trading should not to do.  It lures and harms traders

[rojan]

Fucking strategy, Do not advice people financially. Crypto trading is very risky and when one wants to do futures trading it is even more risky. In the case of futures trading, if you take a wrong entry, the balance will quickly become zero and there is also a possibility that the balance will double quickly.  It behaves like a kind of gambling. With a good capital it is possible to get good profit from spot trading.  So future trading should not to do.  It lures and harms traders

Everyone who trades takes risks but those who are involved in futures trading own a lot of money in a very short period of time and because of some wrong entries they lose their money in a very short period of time.  Stay away because not everyone can be good at futures trading. So the more we can stay away from futures trading, the better for us. If someone is too greedy during trading then he will lose his money because greed cant be controlled while trading.

[Stable090]

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.

You have a very nice strategy, but your losses might be more than your profits. How sure are you that the price of a coin has gotten to the top already? Future trading is kind of risky, and you can easily lose money in future trading. If you make any slight mistake, you might end up losing everything you put in the trade. Your strategy might be working for you, but I don’t really think that’s really a perfect strategy for future trading. You are just making assumptions that a particular coin has finished pumping, and what is left is for the coin to dump. I like the idea that you decided to post your strategy here, but it will be better if you do more research and come up with a better strategy to trade futures. And if you can’t trade futures, then it’s better to stick to spot trading.

[Smartvirus]

I wouldn’t discourage or encourage you on either to forego your strategy for another as, the case has always been and still is; “what ever works” right? Don’t need you to answer that anyway but, hope you understand the risk in the steps your taking and by going short, your sure to stay fixed on your chart as this is a trade taken out of mare expectations and not any proper analysis to it and as such, it could always go anyway and your not sure where those players you looked up to for a position would be getting out or have set there limits.

You can get some mastery on it and be making some serious money which makes me wonder if it’s actually working with you complaining to be low on funds or perhaps, it’s a newly developed strategy for you @OP.
Goodluck either ways and stay true to your methods. It would serve you more than copy trading or though, this feels more like it as well.