I do this way then no risk and i earn good

[Usdcboss]

What i do is i choose altcoins like eth,sol,ltc,trx...and other main altcoins.
I choose the coin wich is lowest from other coins or i think the price quite low.

Then i start simply just buying that coin dca everyday until i have left 40%-50% USDT or USDC so when i have only 50%-60% left USD then i start to find exit point and sell it.
Even If i sell with little profit i have more USD so i can buy more coins and getting bigger money.

My method to trade is to check USD and coin ratio so to make sure i don't run out of cash.

Little example: initial Investment 100$ i see that ETH price low so i'll buy everyday without much thinking about it with 2$-3$ DCA - in 10 days i have reached about 30$ in coin so the Critical point and i start to be coutious when to sell the little profit i could make it i'll sell it.
So i sell for 5% profit wich is small but secure so it's 1.5$ about so total amount i have for next coin to do same trading 100$+1.5$= 101.5$ so the 1.5$
It's just example off course do this with bigger money.
Off course one coin at the time once coin done i'll choose another wich price look like it's low to me.

[Adbitco]

We can call this scalping because when you buy and wait for the smallest opportunity to sell to secure profits is scalping but most times it's good to carry out this type of trading if someone can't hold for long.
One could just utilized that opportunity to take small profits just imagine if done with consistency one could end up having enough cash before the month runs out especially when traded with a reasonable amount of money the profit could also been doubled by now, sincerely it's a good strategy to follow it requires consistent monitoring.

[Charles-Tim]

We can call this scalping because when you buy and wait for the smallest opportunity to sell to secure profits is scalping but most times it's good to carry out this type of trading if someone can't hold for long.

Scalping means you buy and sell a coin or open and close a position within minutes. It is a very risky type of trading.

What the OP explained is different. It is called averaging. It is one of the good ways a trader can make money. But the time to make each average is very important. If done wrongly, it may later still lead to lose or opening of the position for a long time.

Scalping are for hurry traders while averaging are for patient traders.

[Adbitco]

We can call this scalping because when you buy and wait for the smallest opportunity to sell to secure profits is scalping but most times it's good to carry out this type of trading if someone can't hold for long.

Scalping means you buy and sell a coin or open and close a position within minutes. It is a very risky type of trading.

What the OP explained is different. It is called averaging. It is one of the good ways a trader can make money. But the time to make each average is very important. If done wrongly, it may later still lead to lose or opening of the position for a long time.

Scalping are for hurry traders while averaging are for patient traders.

I see, thanks for the inputs. Most times what keeps me going is scalping I have involved myself mostly with that and is cool on me I hardly lose. Just take for example of the bitcoin price dropped down to 50k plus I entered and waiting a bit to take profits at 62k this is a sharp entry and profiting and I can't even imagine having such quick take from the market. That was why I called it scalping but however I truly appreciate for the inputs.

[Charles-Tim]

I see, thanks for the inputs. Most times what keeps me going is scalping I have involved myself mostly with that and is cool on me I hardly lose. Just take for example of the bitcoin price dropped down to 50k plus I entered and waiting a bit to take profits at 62k this is a sharp entry and profiting and I can't even imagine having such quick take from the market. That was why I called it scalping but however I truly appreciate for the inputs.

This is day trading. Example of scalping is to open a position at maybe when the price dropped to $52000 and you close the position at $52200 in a way that bitcoin increases with 1 to 5 minutes or less than an hour to make the profit. But if you wait for hours to like a day or two days, that is day trading.

If the trade last for just some minutes. It is called scalping
It it is taking hours to less than a day or two. It is day trading
If it is taking days to weeks. It is called swing trading.

[Usdcboss]

We can call this scalping because when you buy and wait for the smallest opportunity to sell to secure profits is scalping but most times it's good to carry out this type of trading if someone can't hold for long.

Scalping means you buy and sell a coin or open and close a position within minutes. It is a very risky type of trading.

What the OP explained is different. It is called averaging. It is one of the good ways a trader can make money. But the time to make each average is very important. If done wrongly, it may later still lead to lose or opening of the position for a long time.

Scalping are for hurry traders while averaging are for patient traders.

It's dollar cost averaging but i don't check often when i entry i'll just entry with 1% and keep buying with 1% until i see price is good enough to take profit or i'll buy everyday with 1%-2% until i have about 30% my USD in coin.
so once 30% in coin i start to plan when to take profit.
I don't watch very often the market If i just entry on coin few days i'll just buying it.
I do this with 10k $ so i buy with 1%-2% daily until i reach to 30% that's 3000$ in coin and 7000$ in cash USD then i start to be very careful and i watch a lot to plan to cash out and sell the coin.
Something like this what i do ....it's not exacly the dca and it's not scalping it's something different wich i been working out myself after many years of trading all kind of ways.

We can call this scalping because when you buy and wait for the smallest opportunity to sell to secure profits is scalping but most times it's good to carry out this type of trading if someone can't hold for long.

Scalping means you buy and sell a coin or open and close a position within minutes. It is a very risky type of trading.

What the OP explained is different. It is called averaging. It is one of the good ways a trader can make money. But the time to make each average is very important. If done wrongly, it may later still lead to lose or opening of the position for a long time.

Scalping are for hurry traders while averaging are for patient traders.

I see, thanks for the inputs. Most times what keeps me going is scalping I have involved myself mostly with that and is cool on me I hardly lose. Just take for example of the bitcoin price dropped down to 50k plus I entered and waiting a bit to take profits at 62k this is a sharp entry and profiting and I can't even imagine having such quick take from the market. That was why I called it scalping but however I truly appreciate for the inputs.

I do scalping not very often but when i do it then i use futures leverage short scalping. I don't scalp long or spot Market only short scalping.
Im looking for coins with high overbought RSI like over 90% so then i carefully open short position.  

[Adbitco]

I see, thanks for the inputs. Most times what keeps me going is scalping I have involved myself mostly with that and is cool on me I hardly lose. Just take for example of the bitcoin price dropped down to 50k plus I entered and waiting a bit to take profits at 62k this is a sharp entry and profiting and I can't even imagine having such quick take from the market. That was why I called it scalping but however I truly appreciate for the inputs.

This is day trading. Example of scalping is to open a position at maybe when the price dropped to $52000 and you close the position at $52200 in a way that bitcoin increases with 1 to 5 minutes or less than an hour to make the profit. But if you wait for hours to like a day or two days, that is day trading.

If the trade last for just some minutes. It is called scalping
It it is taking hours to less than a day or two. It is day trading
If it is taking days to weeks. It is called swing trading.

You are right though never involved myself with swing trading because it's actually very hard to understand except for a spot trading maybe when the price got to exact amount it was placed it would automatically triggered at this point one needs to have the opposite currency after it triggers it buys again when the prices fall below meaning one needs to have many orders placed while the market gradually moves to how it was set up.

[Charles-Tim]

You are right though never involved myself with swing trading because it's actually very hard to understand except for a spot trading maybe when the price got to exact amount it was placed it would automatically triggered at this point one needs to have the opposite currency after it triggers it buys again when the prices fall below meaning one needs to have many orders placed while the market gradually moves to how it was set up.

Swing trading is good. Preferred by people that are patient with low leverage. The ones that I see to be more of work is scalping and day trading. Swing trading is the type of trading that is most similar to holding but just that holding is more of long term while swing trading is more of short term.

[Adbitco]

You are right though never involved myself with swing trading because it's actually very hard to understand except for a spot trading maybe when the price got to exact amount it was placed it would automatically triggered at this point one needs to have the opposite currency after it triggers it buys again when the prices fall below meaning one needs to have many orders placed while the market gradually moves to how it was set up.

Swing trading is good. Preferred by people that are patient with low leverage. The ones that I see to be more of work is scalping and day trading. Swing trading is the type of trading that is most similar to holding but just that holding is more of long term while swing trading is more of short term.

I see now, meaning I would have to also try it out as well but what if it my trading trigger before my limit of buying or selling, maybe when it's approaching one may cancel trade and adjust the selling point could it be possible or there's no need adjusting except marketing is going against the trader right? Or it's same as regular trading the difference is just setting the market for long period like you already said?

[Charles-Tim]

Or it's same as regular trading the difference is just setting the market for long period like you already said?

Yes, it is the same as regular trading in spot or perpetual future market. But one thing that is common to swing traders is that they may not close the sell or close the position for weeks if the market do not favour them. They use low leverage. They might not even set stop plus but take profit only.

Just like the OP posted, they may even use like 1/5th of their money to start and later average it.

[dansus021]

 I do this way then no risk and i earn good well I saw it at the first place with your username on it USDC Boss it basically you love stablecoin or fiat currency and that is quite right especially if you found it bear market you might can still sell with low profit but still profit.

Here is another "add-on" strategy to make perfect just buy or DCA when the market is hit support/demand zone or you can buy at fair value gap this method can work well with DCA i believe and can make good profit in return

[NicNacCoin]

What i do is i choose altcoins like eth,sol,ltc,trx...and other main altcoins.
I choose the coin wich is lowest from other coins or i think the price quite low.

Then i start simply just buying that coin dca everyday until i have left 40%-50% USDT or USDC so when i have only 50%-60% left USD then i start to find exit point and sell it.
Even If i sell with little profit i have more USD so i can buy more coins and getting bigger money.

My method to trade is to check USD and coin ratio so to make sure i don't run out of cash.

Little example: initial Investment 100$ i see that ETH price low so i'll buy everyday without much thinking about it with 2$-3$ DCA - in 10 days i have reached about 30$ in coin so the Critical point and i start to be coutious when to sell the little profit i could make it i'll sell it.
So i sell for 5% profit wich is small but secure so it's 1.5$ about so total amount i have for next coin to do same trading 100$+1.5$= 101.5$ so the 1.5$
It's just example off course do this with bigger money.
Off course one coin at the time once coin done i'll choose another wich price look like it's low to me.

Your trading strategy may be very reasonable to you but not very reasonable to me. If you can do it with big amount then I will definitely express opinion and if with small amount like you mentioned then I will not agree with you because trading platform has lot of fees to trade. But yes if you have $500 you can buy coins with $300 if the market goes down and keep $200 to buy back with that $200 if the market goes down. In this case you will get some profit in your trading. So don't think the trading platform is too easy trading platform is very complex it is not easy to make money from it very risky. Many people use the trading platform as a way to make a lot of easy money, but after a few days, the person loses his money on the trading platform or holds it back. Whatever you do, trade very carefully so that you can earn constantly and not lose.

[pooya87]

That sounds like you are randomly buying shitcoins and hoping for them to go up which means your strategy has a very high risk and over long term you'll most probably lose money unless you get lucky!

For starters what is "low" that you keep saying. For altcoins that are always dumping in the long run, there is no such thing as "low" specially if they are like ETH and have an unlimited supply (guaranteed inflation and losing value). That means DCA doesn't work for them because they are guaranteed to dump which is clear if you look at their long term charts against bitcoin specially after 2017 altcoin pumping season ended.

To this day the only viable trading strategy I've found that works in the shitcoin market with lowest risk is to ride the pumping waves. For example when you notice a shitcoin like ETH is starting to pump (keep in mind that this works best with smaller shitcoins that can be pumped a lot bigger than bigger shitcoins like ETH) you jump on board and start buying. To lower the risk you could buy in the dips during the pump even though I find an overkill. Then start planning your exit as you buy since pumps always end with a dump. So when the rise is slowing down and the volume drops, you start selling to make your profit and get out.
This whole process could take a couple of hours or a couple of days but not more than 3-4 because on average that is the pump and dump period of shitcoins.

[Usdcboss]

That sounds like you are randomly buying shitcoins and hoping for them to go up which means your strategy has a very high risk and over long term you'll most probably lose money unless you get lucky!

For starters what is "low" that you keep saying. For altcoins that are always dumping in the long run, there is no such thing as "low" specially if they are like ETH and have an unlimited supply (guaranteed inflation and losing value). That means DCA doesn't work for them because they are guaranteed to dump which is clear if you look at their long term charts against bitcoin specially after 2017 altcoin pumping season ended.

To this day the only viable trading strategy I've found that works in the shitcoin market with lowest risk is to ride the pumping waves. For example when you notice a shitcoin like ETH is starting to pump (keep in mind that this works best with smaller shitcoins that can be pumped a lot bigger than bigger shitcoins like ETH) you jump on board and start buying. To lower the risk you could buy in the dips during the pump even though I find an overkill. Then start planning your exit as you buy since pumps always end with a dump. So when the rise is slowing down and the volume drops, you start selling to make your profit and get out.
This whole process could take a couple of hours or a couple of days but not more than 3-4 because on average that is the pump and dump period of shitcoins.

I don't follow the coin price so much but i keep my usd balance high.
I never Lost and it's impossible to lose with this method so why you saying about losing...how can i lose If i keep buying very small amount and sometimes i sell when just even or just 2% profit once i have 30% of cash in coin.
Can you use more your imgagination to see what Im talking about.
For me it's clear Im here to keep my USD and assets gap long...so i have extra cash even If the biggest crash happens in the market so 30%-40% assets and 70%-60% cash that's the healthy wealth management assets are risk cash is security.

[NeuroticFish]

That sounds like you are randomly buying shitcoins and hoping for them to go up which means your strategy has a very high risk and over long term you'll most probably lose money unless you get lucky!

I'd guess that it's an overall bullish market and as long as it's going up, the high risk traders are happy and they even build confidence in their methods.
Of course, when it will go down (especially if it's a stiff decrease), people will start losing. If they stop before the loses are too big, they'll be fine. But most of them won't.

For now, maybe for one more year, you may not be able to convince them that their luck is probably not "a method".

[pooya87]

~
I don't follow the coin price so much but i keep my usd balance high.
I never Lost and it's impossible to lose with this method so why you saying about losing...how can i lose If i keep buying very small amount and sometimes i sell when just even or just 2% profit once i have 30% of cash in coin.
Can you use more your imgagination to see what Im talking about.
For me it's clear Im here to keep my USD and assets gap long...so i have extra cash even If the biggest crash happens in the market so 30%-40% assets and 70%-60% cash that's the healthy wealth management assets are risk cash is security.

If your strategy works for you, then don't mind me. Stick to it.

The way I see it, your strategy only works in bull markets as long as what you are buying is appreciating in value. Otherwise if it is on a bear market and we have one of those long dumping years, then loss is what you'd face.
Although I have to say it also depends on your exit strategy. You said in OP that you "find exit point and sell", that can potentially help if done right. So as I said, if your strategy works, stick to it.

[Usdcboss]

~
I don't follow the coin price so much but i keep my usd balance high.
I never Lost and it's impossible to lose with this method so why you saying about losing...how can i lose If i keep buying very small amount and sometimes i sell when just even or just 2% profit once i have 30% of cash in coin.
Can you use more your imgagination to see what Im talking about.
For me it's clear Im here to keep my USD and assets gap long...so i have extra cash even If the biggest crash happens in the market so 30%-40% assets and 70%-60% cash that's the healthy wealth management assets are risk cash is security.

If your strategy works for you, then don't mind me. Stick to it.

The way I see it, your strategy only works in bull markets as long as what you are buying is appreciating in value. Otherwise if it is on a bear market and we have one of those long dumping years, then loss is what you'd face.
Although I have to say it also depends on your exit strategy. You said in OP that you "find exit point and sell", that can potentially help if done right. So as I said, if your strategy works, stick to it.

Are you experinced trader or new?
How can you say it works only in bull market even when bear market we have some volatility up and down.
And that's all i need is just volatility since i buy with DCA each DCA is risk free until i keep the way that i sell always when i have 30%-40% in coin i don't let my cash to fall never Under 60% it's critical for me so i tp asap when cash/asset ratio reached there.

[Mrbuck]

~
I don't follow the coin price so much but i keep my usd balance high.
I never Lost and it's impossible to lose with this method so why you saying about losing...how can i lose If i keep buying very small amount and sometimes i sell when just even or just 2% profit once i have 30% of cash in coin.
Can you use more your imgagination to see what Im talking about.
For me it's clear Im here to keep my USD and assets gap long...so i have extra cash even If the biggest crash happens in the market so 30%-40% assets and 70%-60% cash that's the healthy wealth management assets are risk cash is security.

If your strategy works for you, then don't mind me. Stick to it.

The way I see it, your strategy only works in bull markets as long as what you are buying is appreciating in value. Otherwise if it is on a bear market and we have one of those long dumping years, then loss is what you'd face.
Although I have to say it also depends on your exit strategy. You said in OP that you "find exit point and sell", that can potentially help if done right. So as I said, if your strategy works, stick to it.

Are you experinced trader or new?
How can you say it works only in bull market even when bear market we have some volatility up and down.
And that's all i need is just volatility since i buy with DCA each DCA is risk free until i keep the way that i sell always when i have 30%-40% in coin i don't let my cash to fall never Under 60% it's critical for me so i tp asap when cash/asset ratio reached there.

I hope not many will do this because we need losers.
Your method is method If everybody start doing this then who will gamble and lose ? Lol
Markets need losers and gamblers that's how the proper wealth managers with proper stradegy can make it.
I see you try to explain better don't explain i got your point well but anyways you are new member thank god so not many people don't follow this they don't need to.

[Ruttoshi]

That sounds like you are randomly buying shitcoins and hoping for them to go up which means your strategy has a very high risk and over long term you'll most probably lose money unless you get lucky!

I'd guess that it's an overall bullish market and as long as it's going up, the high risk traders are happy and they even build confidence in their methods.
Of course, when it will go down (especially if it's a stiff decrease), people will start losing. If they stop before the loses are too big, they'll be fine. But most of them won't.

For now, maybe for one more year, you may not be able to convince them that their luck is probably not "a method".

Yea, most of them will not start selling when the price is decreasing after the pump because they feel that it will recover and before they know it, they are at big loss and they will start regretting.

Shitcoin is more of luck and not smartness making it difficult for me not to call it gambling because it is not an investment since the chance of running at loss is high cause they are pump and dump.

[AbuBhakar]

We can call this scalping because when you buy and wait for the smallest opportunity to sell to secure profits is scalping but most times it's good to carry out this type of trading if someone can't hold for long.
One could just utilized that opportunity to take small profits just imagine if done with consistency one could end up having enough cash before the month runs out especially when traded with a reasonable amount of money the profit could also been doubled by now, sincerely it's a good strategy to follow it requires consistent monitoring.

Definitely not scalping since he is trading in DCA format in daily basis which means his trading pattern is a long shot while scalping usually just a short trade on a little movement on the crypto price. It just happened that there is similarities on the profit range the OP willing to take but the method is DCA or long term trade not scalping.


@OP your method is just simply buy low sell high but in long term period which is good but you should always set a range for your stop loss since even DCA can give you a loss when crypto volatility kicks in during downtrend.