Some Trading Strategies You Could Be Ignoring

[Zee27]

The issue with Copytrading is that most platforms don't really give a backtrack of the performances of expert traders that users are supposed to copy. This can result in following the "wrong experts" thus leading to more losses. So, how can one find the right copy trading platform in the first place?

You're absolutely right, blindly copying a trade of someone not known can lead to losses or dancing to the tune of someone with an ulterior motive, that's why it's good to DYOR before following anyone, and I've seen a few platforms doing it better, like Bitget, OKX eToro. And I know Bitget often display the traders success rates over time, which can enable you to pick right. You can also use a trader's strategy as an insight to build yours.

Etoro is not operating in my region. I'll try the other options you recommend although the latter claims to be the biggest copy trading platform with quite a large base of elite traders.

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[Fara Chan]

DCA 100% is the solution. Buying on dips and basically saying you can time the market will result in huge profits. Apart from that, don't invest all your savings in cryptocurrencies unless the fundamentals are guaranteed in Bitcoin. because diversity is the best hedge to spread it, stock market, property, precious metals, business, etc. because one day cryptocurrencies might crash massively and never return to their highs, who knows (but for bitcoin I don't doubt it)! if you have spread your Investments, you will still come out ahead! diversity, diversity is the key!

There is nothing wrong with investing in various places as long as these places are good places to invest, as are the assets that we choose to invest in in the long term. For example, Bitcoin has become the single best cryptocurrency of all time to take as a future investment, as well as precious metals such as gold which are still quite famous and still believed to be a pretty good hedge. And for other things such as shares, property and businesses that can be promising also have to be researched quite well because not all of them can be promising enough to achieve profits.

[cryptoaddictchie]

My favorite here is doing DCA and swing trader for medium term price movement. Yes I am not a daily trader but more like a swing trader for some altcoins as I am frustrated using future trading with heavy loss before. I realized doing some spot trading and keep buying low and selling on a peak time will give me profits and more sensitive case for having such loss and risky way. Well dca on the other hand give me confident to buy at an average rate without losing a chance to buy at super lows and lows altcoins.

[Zee27]

Are you tired of the same old "Hodling" crypto trading strategies that everyone seems to be talking about? If you're looking for a fresh approach to maximize your crypto profits, there are some strategies you might be ignoring

If these are some strategies that you may be ignoring, what are the common or used strategies? Almost all of us may have heard or used Dollar-Cost Averaging (DCA), Arbitrage Trading, and many lazy people hear Copy Trading or use it without knowing its name.

In any case, the trading strategy above is the first step, and the more it increases, the more complex and profitable strategies you will use, but it is better to divide it into beginner, intermediate, and advanced levels.

The levels he mentioned are for beginners and are naturally common.

How can you say copy trading is for lazy people? You have to put into consideration of the fact that some people other crypto investments still have an actual 9-5 kinda jobs, or work many hours of shift and barely have time to place trades themselves thud they rely on utilize copy trading to do that. It doesn't make them lazy. That's a misconception.