I do this way then no risk and i earn good

[slaman29]

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.

I can confirm. As a victim of believing my own genius in 2017

Me and 100s of others were all posting silly wins for 'potential' alts. You name it what there was then, PoS coins which not only gained in price but grew in your wallet. New Smart Contracts like WAVES (yes, and worse).

The proof was also all those companies that were reporting huge profits after 2017 they all went into loss. Then in 2021 onwards many went bankrupt.

Altcoins doesn't compare to BTC. They need to be exited, and they never recover in the next bullrun

[Silberman]

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.

Even if I were to accept at face value your claims you have never lost using this strategy, it does not mean that it is impossible to lose with it, trading entails risk and any risk other than zero means that no matter what you do you can lose money, so if according to your post you only use this strategy with some of the top altcoins, there is no doubt that your risk is lower than if you did this with meme coins, but there is an inherent risk anyway, as you do not know if some of the top altcoins which exist right now may collapse and never recover, an occurrence we have seen happening on the past many times already.

[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.

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.

Yeah you are right, I was my bad though I got my replied based on op post. People often engages themselves on a short trade with hope that bitcoin could create a higher price impact to make profits but often times when the price doesn't go as planned they often lose.
But one needs to be active to monitor the price to be able to sell when the prices changes over time to sell and take profits but since the market is too volatiles it could be hard for a common trader to understand except for a smart trade to be able to manage the manage the whole situation.

[Dr.Bitcoin_Strange]

Yea, I also applied those trading strategy some years back while I was just trading on spot position on binance exchange, I usually make profit every week and sometimes too, I could buy a token and the price will keep going down and can stay up to four weeks before it can start to recover again. Sometimes you have to wait for a long time before you can sell at a very profitable price.

[Usdcboss]

Yea, I also applied those trading strategy some years back while I was just trading on spot position on binance exchange, I usually make profit every week and sometimes too, I could buy a token and the price will keep going down and can stay up to four weeks before it can start to recover again. Sometimes you have to wait for a long time before you can sell at a very profitable price.

Yes sometimes you have to wait long but it's worth it to wait and market is volatile enough so you will get your profit sooner or later.
But the main thing is to keep my money bigger then coins my rule is simple If i have 60%-70% USD that's critical point and i must sell something that's why i never lose.

[Huppercase]

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.

I like your strategy but don't you think the remaining usd you are keeping is of no use or you are planning to buy more to average your balance incase there is a huge decline in the market. Your strategy is a million strategy but your capital kills the strategy and again I don't know how much you play to make after your daily buy and end up with 5% profit, don't you think it's poor? I'm not saying to be greed but on a daily trade, you can make 5% from trading ether/usd for two days.

If you take your daily buy for more days and increase your capital, you are likely to make more than what you are doing for 5% because there is high probability of Ethereum price going down more and that means you will be making more loss from your DCA, I think it will be worth it if you buy more now with more funds and hold when until there is another crazy demand and sell, you will make more money and profits than this your strategy.

[Adbitco]

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.

This type is more better then, but I believe they also involved risk because there is no one who would love to lose big time because definitely some traders would still set their stop lose and take profits. But I think this is common with altcoin and shitcoin since there price highly manipulative to an extent where you would know what may happened in the 7 days on that particular coin listed, so it could be more better if someone could focused on bitcoin and some other trusted coin.