Spot trading techniques

[EL MOHA]

I won't consider myself as an expert but the simple spot strategy I suggest you is to buy the dip, hold, dca, and sell with profit, keep doing that and overtime you'll be used to it and then you'll surely make some profit in the end. But, also keep in mind, that only trade good altcoins and Bitcoin.

There is actually nothing more in spot trading than what you have explained, the easiest thing is buying low and selling high. The way to actually buy low is where you need strategies which again is not important but some people actually use some strategies just to get a near perfect entry and exit. One strategy is to study the chart and use technical analysis so you can DCA at every support level and take profit at resistance level. You can also use fundamental news of that coin to trade. If this two are more or less complex to use you can simply use the indicator that measures the greed and fear index of the market, buying where there is fear in the market and sell when the greed grows.

[tvplus006]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

Some traders refuse to apply stop loss in spot trading, but I consider this strategy to be erroneous, since if the price moves in the opposite direction to your expectations, you may be stuck in this deal for a long time. So you definitely need to learn how to set a stop loss correctly.

[shinratensei_]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

Some traders refuse to apply stop loss in spot trading, but I consider this strategy to be erroneous, since if the price moves in the opposite direction to your expectations, you may be stuck in this deal for a long time. So you definitely need to learn how to set a stop loss correctly.

stop loss is definitely a need, preferably setting it a little bit below resistance or support, maybe if some people want to have big floating loss for sometime then they can always not set any SL for a preventive measure but I find it just silly, we can always rebuy at lower price if the current price action shows that it's on the brink of breaking through support or resistance zone.

the stop-loss feature is such a good feature honestly that prevents me from burning money on a sudden price dump, if we are worried about flash long squeeze, I think binance and some other exchange have feature where if the price dropped so deep but only for few seconds, the SL won't be triggered.

[Baki202]

Some traders refuse to apply stop loss in spot trading, but I consider this strategy to be erroneous, since if the price moves in the opposite direction to your expectations, you may be stuck in this deal for a long time. So you definitely need to learn how to set a stop loss correctly.

Some people want to trade but they don't even know the value of putting the important things in place like the stop lose and the Take profit, putting a leverage thay you can afford to lose, this are strategy they are suppose put in place and even before they start to trade they need to start with a demo account, so that they will be able to prepare well when they start the actual trading, and a lot of people want to take more risk and see if they will be able to get more profits and they forget that trading is more confusing than what they think because trading can render you broke.

And that is why if you are learning you need to learn well, so that you don't have to worry to much, because if you have the right knowledge and mindset, and also emotional control matters, this are things you need to learn, and that is why people are always serious about learning and getting the right knowledge, but people think that when they say having knowledge is lame but it is very important to actually learn, so you don't don't have to fall victim.

[RockBell]

Some traders refuse to apply stop loss in spot trading, but I consider this strategy to be erroneous, since if the price moves in the opposite direction to your expectations, you may be stuck in this deal for a long time. So you definitely need to learn how to set a stop loss correctly.

If anyone as a trader fails to put these things in place, it's going to be a very risky move to take. We all know all the risk that trading comes to spot trading is even better than futures because the moment you don't put the right remedy in place them, and people always think that stop loss isn't important, but when it comes to crypto everything is very important, and that is why they encourage people to learn, and if you can't learn, you learn the hard way.

And the idea of even using a demo account makes it more appealing because you will not have to risk losing your money. I wish that everyone would learn with their money so that they would learn and not take things for granted because putting your money at risk will help you learn better, whereas starting with a demo account will prevent you from learning from your mistakes.

I know people who have learned a lot from using their money and losing, and they don't have the option of learning from their losses or leaving trading because many people are accustomed to trading carelessly, and when they lose money, they never return to it; the choice is theirs to continue or give up.

[hyudien]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

My suggestion try to enter 10 coin lists and choose 5 of them that you have filtered by analysis or it doesn't matter if you choose randomly, the top 20 in CMC are clear. Because basically you need experience and feel how it feels to lose and profit from trading in the market. After that have allocation management and set the right purchase time frame, use short term trading in altcoins by taking 3-5% profit. Please note do not be greedy, always have limits in taking profits and do your own research according to your abilities.

[tvplus006]

...I know people who have learned a lot from using their money and losing, and they don't have the option of learning from their losses or leaving trading because many people are accustomed to trading carelessly, and when they lose money, they never return to it; the choice is theirs to continue or give up.

If a beginner cannot learn from the mistakes of others, then it is possible that he will remember the lesson better by losing his deposit. Not everyone returns to trading after losing their deposit, but those who return are definitely more responsible about their deposit.

[tottong]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

Spot trading does not require much strategy and will be much easier to execute when one understands the condition of the coin one wants to trade.
Spot trading is much simpler because it adopts a system of buying at a low price and selling at a high price, thus spot trading will generate maximum profit.
But even though it is simple, one cannot trade on the spot only relying on instinct because without understanding the process of analyzing coin movements, this step will be quite stressful and even though the risk is slightly lower, spot trading on coins that are not potential can result in unpredictable losses.

Learn to manage risk and learn to understand coin movements so that trading can be executed much better and in the end we talk about the profits from the trade.

[ndutndut]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

Spot trading does not require much strategy and will be much easier to execute when one understands the condition of the coin one wants to trade.
Spot trading is much simpler because it adopts a system of buying at a low price and selling at a high price, thus spot trading will generate maximum profit.
But even though it is simple, one cannot trade on the spot only relying on instinct because without understanding the process of analyzing coin movements, this step will be quite stressful and even though the risk is slightly lower, spot trading on coins that are not potential can result in unpredictable losses.

Learn to manage risk and learn to understand coin movements so that trading can be executed much better and in the end we talk about the profits from the trade.

Spot trading is indeed one of the easiest ways to trade crypto, even beginners can do it. Because this trading only involves buying and selling assets according to the market price when they buy them. This is not like a futures contract that has to predict prices in the near future, and the risks accepted are also very large. However, in spot trading, you don't need a lot of strategies because you can immediately complete it according to the market price, buy cheap, if it goes up, sell and if it goes down, hold.

In addition, in spot trading you can buy according to the capital you have, this is safer, because when the price of the crypto you buy goes down, you will only experience losses according to the assets you sell. However, although spot trading is fairly easy, if you do not have the knowledge and emotional control, it will also be very risky. Many people who do spot trading also experience losses because they cannot understand the market well. So, keep learning to trade, learn from experience, and keep moving forward because that way you will be successful in spot trading. From all that, the main key is not to expect to get rich instantly in spot trading.

[Peanutswar]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

What's your goal in holding your coins? This could be long-term or short-term trading, such as making a small profit with the market movement. If you are doing with the quick trade of grabbing the opportunity to make earning with the dump and pump you can easily earn with the spot trading, you still need to be aware of the news and of course with the current trend of the market to check if this is an ideal to trade or just keep wait for its signal. Another thing is if you make a hold for a long term lets say for the next all time high is you can do the strategy of DCA which makes more convenient into you, all you need is to make an investment and wait no pressure, less hassle, no fear just one goal.

[michellee]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

You need to wait for a while if the price still not increase. But if the price increase, you can sells it right away and take your profit. You can still hold your coins until the price increase so high so you can make a bigger profit. But that will not always happens because the crypto market is volatile and always moves ups and downs or vice versa. You will never know what will happens in the next five minutes so you should be wise to decide. Probably selling your coin when the price increase is a good decision because you can directly take your profit and you can wait for the next correction. But it is better to take a small profit but you can buy back in a low price and sell in a high price many times because that can makes your profit bigger.

[YOSHIE]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

Spot trading is exactly the same as investing, where you can buy when the market situation is down and sell when the stock market is skyrocketing. In November, if you do spot trading very correctly, currently the price of Bitcoin has reached the level of more than $74k, This means that if you bought a week ago at the $69k level, you automatically have a profit and you can sell your Bitcoin.

Spot trading can be done in the short term and long term, depending on the market situation, the point is to understand spot trading, buy when it is cheap, sell when it is high, this strategy is carried out based on the situation of the crypto market itself and the type of crypto you are buying.

[tottong]

In addition, in spot trading you can buy according to the capital you have, this is safer, because when the price of the crypto you buy goes down, you will only experience losses according to the assets you sell. However, although spot trading is fairly easy, if you do not have the knowledge and emotional control, it will also be very risky. Many people who do spot trading also experience losses because they cannot understand the market well. So, keep learning to trade, learn from experience, and keep moving forward because that way you will be successful in spot trading. From all that, the main key is not to expect to get rich instantly in spot trading.

Spot traders also drain emotions when they see the market conditions turning redder and in such conditions if someone feels panic they will definitely try to sell and eventually they will experience losses.
That is why spot trading is much better using potential coins because even though the price drops there is still a chance to recover.
Do not expect to get rich in a short time because there is no chance that can guarantee, especially if you trade with poor knowledge and the potential for loss will be much greater when choosing coins that are not potential in trading.

If you want to get involved in trading, try to continue improving your skills and avoid greed to make large profits in a short time because opportunities, capital and experience will determine the final results in trading.

[john_egbert]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

Spot trading is exactly the same as investing, where you can buy when the market situation is down and sell when the stock market is skyrocketing. In November, if you do spot trading very correctly, currently the price of Bitcoin has reached the level of more than $74k, This means that if you bought a week ago at the $69k level, you automatically have a profit and you can sell your Bitcoin.

Spot trading can be done in the short term and long term, depending on the market situation, the point is to understand spot trading, buy when it is cheap, sell when it is high, this strategy is carried out based on the situation of the crypto market itself and the type of crypto you are buying.

I do think we will see even bigger moves from BTC in the time to come - so there would be no need to sell it right away.. And, alas, BTC is not held for one month like a typical coin, it's more than that 

[betswift]

In addition, in spot trading you can buy according to the capital you have, this is safer, because when the price of the crypto you buy goes down, you will only experience losses according to the assets you sell. However, although spot trading is fairly easy, if you do not have the knowledge and emotional control, it will also be very risky. Many people who do spot trading also experience losses because they cannot understand the market well. So, keep learning to trade, learn from experience, and keep moving forward because that way you will be successful in spot trading. From all that, the main key is not to expect to get rich instantly in spot trading.

Spot traders also drain emotions when they see the market conditions turning redder and in such conditions if someone feels panic they will definitely try to sell and eventually they will experience losses.
That is why spot trading is much better using potential coins because even though the price drops there is still a chance to recover.
Do not expect to get rich in a short time because there is no chance that can guarantee, especially if you trade with poor knowledge and the potential for loss will be much greater when choosing coins that are not potential in trading.

If you want to get involved in trading, try to continue improving your skills and avoid greed to make large profits in a short time because opportunities, capital and experience will determine the final results in trading.

Spot trading - is - about not losing a nerve and at the same time holding on to your assets due to you having the best of `em, in your opinion - and getting the results out of it.

[tottong]

Spot trading - is - about not losing a nerve and at the same time holding on to your assets due to you having the best of `em, in your opinion - and getting the results out of it.

For what does not lose courage if the trade carried out always produces loss and trade not only about courage but has the ability to manage emotions, risk and loss.
Trading in spots is easier because usually we only use how to buy at cheap prices and sell them at high prices.
But those who are risky when buying coins that are not potential because even if you hold because the price falls and those who are worried about the coins will be lost in the market.

The risk of trading must be handled well even though the involvement in spot trading is not so risky.
Mistakes made because of the inability to deal with risk and in the end panic will cause problems with losses.

[fikrett]

Spot trading - is - about not losing a nerve and at the same time holding on to your assets due to you having the best of `em, in your opinion - and getting the results out of it.

For what does not lose courage if the trade carried out always produces loss and trade not only about courage but has the ability to manage emotions, risk and loss.
Trading in spots is easier because usually we only use how to buy at cheap prices and sell them at high prices.
But those who are risky when buying coins that are not potential because even if you hold because the price falls and those who are worried about the coins will be lost in the market.

The risk of trading must be handled well even though the involvement in spot trading is not so risky.
Mistakes made because of the inability to deal with risk and in the end panic will cause problems with losses.

It's all about risk management and emotions in the end, you are right.
Some choose risks - and profit from it, but these are scarce compared to those who just got chewed up by the market and drained of their funds.. So be wary of things that may happen to you if you are not cautious enough.

[john_egbert]

Spot trading - is - about not losing a nerve and at the same time holding on to your assets due to you having the best of `em, in your opinion - and getting the results out of it.

-snip-

The risk of trading must be handled well even though the involvement in spot trading is not so risky.
Mistakes made because of the inability to deal with risk and in the end panic will cause problems with losses.

Totally agree.
Self-discipline plays a key role for a trader, with clear goals in mind, comes clear results in the long run.

[tottong]

It's all about risk management and emotions in the end, you are right.
Some choose risks - and profit from it, but these are scarce compared to those who just got chewed up by the market and drained of their funds.. So be wary of things that may happen to you if you are not cautious enough.

Managing trading is not easy because it requires emotional maturity, risk management and understanding how to enter the market so as not to lose money.
The risk will be proportional to the knowledge possessed to achieve profit in trading and usually people have difficulty controlling emotions because the market can change so quickly.
When the knowledge of trading is good then one has the perspective to start and having risk management will help one not to give up in trading.

Totally agree.
Self-discipline plays a key role for a trader, with clear goals in mind, comes clear results in the long run.

Back to the learning stage and prepare yourself to have the ability to be responsible.
Because trading does not always promise profit and there are times when we will experience losses even though we have implemented the right strategy.
That is why knowledge, experience and maturity in conducting trade are very important so that a person can be better prepared in any condition.

[Z_MBFM]

I have just been buying and hodling and now I am interested in learning a simple spot trading strategy to master. Looking for some expert advice..

The objective of spot trading is always to profit if the price of a coin rises after buying it. So here are the techniques and strategies you need to find these coins which are able to give you very good profit in long term and short term investment. To find such coins you must know how to do technical analysis. And in addition to this, one must know about the history of crypto and have a good knowledge of the crypto market.  And must have a good knowledge of Bitcoin because the entire crypto industry depends on it.