Spot trading techniques

[justdimin]

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

There should be 100s of strategy to learn and practice, but that alone not enough for getting you profits. If you want to make profits then holding must be the easiest methodology especially in this crypto space. There were people who traded and bit the dust and then adapted holing for recovering the losses incurred in trading, but you sound different as you are looking to trade after experienced holding. My suggestion would be, better continue your holdingl add more bitcoin through DCA and convert your altcoins if you hold into bitcoins.

The spot trading technique is probably DCA (Dollar Cost Averaging).

DCA cannot be a part of trading as trading is all about quick profit making but only be a part of holding. Trading on spot markets can be intraday or short term based where averaging is still possible but cannot be a strategy because averaging even at a stoploss level will not help as trading is all about catching a short living trend.

[batang_bitcoin]

The spot trading technique is probably DCA (Dollar Cost Averaging).

DCA cannot be a part of trading as trading is all about quick profit making but only be a part of holding. Trading on spot markets can be intraday or short term based where averaging is still possible but cannot be a strategy because averaging even at a stoploss level will not help as trading is all about catching a short living trend.

Trading is a general concept so whether you long or short, you're trading. That's why DCA is part of trading because if it's about quickly making money, even those that have DCAed for a long time can take shorter term profits when they've accumulated that much in the past. So, for as long as the trader does something to make himself profitable for whichever spot techniques he knows of and how to do it, IMO, it can be part of spot techniques.

[yudi09]

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..

Apart from expert advice and strategies, in spot trading, buying coins by looking at the RSI on each coin that is currently in a green chart position and has a chance of increasing in percentage to continue to rise, then buy the coin but not for a period of more than 2 hours. For example, Bitcoin is experiencing a price increase and there is a chance it will increase from $88K to $90K, then at $90K sell. DYOR

[JunaidAzizi]

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..

I saw many experts give their best suggestions and techniques about spot trading. As a forum member, I will also share the knowledge I have so that it will be valuable. I am not giving you something very difficult, it's a simple way to understand spot trading techniques.

The first thing is to acquire information about the asset that you have in mind. This information includes news and its developments, etc.

The second thing is to draw an entry and exit line on paper, which will remind you when to enter and when to leave the market.

The third point is very important: set an amount that you can afford to lose. When you reach that limit, you have to stop trading immediately, no matter what is going on.

The fourth point is the market trend, which everyone knows impacts coin prices. Do this on a daily basis before rushing into trading.

And the last one is DCA, and this is only necessary when you have low capital and less experience. For you, I would recommend doing this on a monthly basis and setting aside some amount for your spot trading every month.

These are some of the techniques, and our expert may also agree with them. It's not just for spot trading but for other things as well. So keep all these things in mind, and then try with the lowest amount several times, and you will see the results. Hope this information will help you, and before you test it, do your own research about it.

[tottong]

Apart from expert advice and strategies, in spot trading, buying coins by looking at the RSI on each coin that is currently in a green chart position and has a chance of increasing in percentage to continue to rise, then buy the coin but not for a period of more than 2 hours. For example, Bitcoin is experiencing a price increase and there is a chance it will increase from $88K to $90K, then at $90K sell. DYOR

It is only as a comparative indicator because it is not always possible to see the RSI can be right in percentage and maybe the strategy and advice from experts are only a general overview before someone decides to trade.
Price speculation always raises differences in terms of strategy to enter the market but because talking about spot trading, the problem is much easier to handle when someone does not panic.

The formula is simple, buy potential coins like bitcoin and hold until the increase period occurs because usually in spot trading it is much more similar to the holding pattern because what is expected is that the price will increase. After that, it is sold at the order or closing position.

[yudi09]

-snip-

It is only as a comparative indicator because it is not always possible to see the RSI can be right in percentage and maybe the strategy and advice from experts are only a general overview before someone decides to trade.
Price speculation always raises differences in terms of strategy to enter the market but because talking about spot trading, the problem is much easier to handle when someone does not panic.

When the RSI number is high, trade actors can make it as one of the materials to analyze where the graph will be addressed. Usually every RSI number is high, the chance to see the price of a coin has increased greater. Obviously this is also not as a benchmark that can be used. This is just the author's experience and maybe not all have the same view related to what I say.
As a sample of Bitcoin in this week the RSI is high when the price of $80K. The result is that the direction of the graph continues to increase by several percent or can reach the price of $89,800. DYOR

[2Pizza410000BTC]

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..

If you want to learn simple spot trading strategy, I would like to tell you that if the market is dumping a lot, buy low and wait for the market to rise and sell again. But must buy at low price after market dumping. Moreover, some other strategies are not to be too greedy and not to trade emotionally based on assumptions without understanding the market situation. If you can follow these strategies in spot trading, you can get success from the trading platform.But never go to futures trading in the hope of high profit in the new situation, otherwise you will destroy yourself completely in the trading platform.

[JunaidAzizi]

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..

If you want to learn simple spot trading strategy, I would like to tell you that if the market is dumping a lot, buy low and wait for the market to rise and sell again. But must buy at low price after market dumping. Moreover, some other strategies are not to be too greedy and not to trade emotionally based on assumptions without understanding the market situation. If you can follow these strategies in spot trading, you can get success from the trading platform.But never go to futures trading in the hope of high profit in the new situation, otherwise you will destroy yourself completely in the trading platform.

You provide an insightful view about spot trading, and it is very important for a newbie to adopt it if they want to survive in the market. Your advice is very helpful, but I am going to add something more, I hope you will not mind. The strategy of buying during a downtrend is very effective, but what if the trend starts declining after they buy? They may face many losses. It would be better if they used a stop loss, which can secure them from extra losses. Also, wait for the end level, the initial prediction may be wrong, so wait until you confirm that the market will grab the uptrend from that point. Additionally, do not limit yourself to just one strategy, in fact, sometimes it won't work, so trying DCA or following the trends will also be beneficial.

[GreatArkansas]

(.....)

The spot trading technique is probably DCA (Dollar Cost Averaging).

DCA cannot be a part of trading as trading is all about quick profit making but only be a part of holding. Trading on spot markets can be intraday or short term based where averaging is still possible but cannot be a strategy because averaging even at a stoploss level will not help as trading is all about catching a short living trend.

Correct. In my opinion, you can't say that you are a trader if you just do DCA (Dollar Cost Averaging) because this way is more likely to only buy, most of the time you buy and a lot of sell orders,
Like buying cheap bitcoins over time, accumulating more Bitcoin at lower prices along the way, the average buy price of your Bitcoin will be calculated and later on, it's up to you to sell it, where you can sell it once or sell it depends on you like taking some profits along the way.

[hd49728]

Correct. In my opinion, you can't say that you are a trader if you just do DCA (Dollar Cost Averaging) because this way is more likely to only buy, most of the time you buy and a lot of sell orders,
Like buying cheap bitcoins over time, accumulating more Bitcoin at lower prices along the way, the average buy price of your Bitcoin will be calculated and later on, it's up to you to sell it, where you can sell it once or sell it depends on you like taking some profits along the way.

Both investors and traders have to buy and sell but intensity and regularity of their buys and sells define whether they are traders or investors.

Traders are more actively with buying and selling while investors are less active with buying and selling. The cycle of buying and seller is shorter with traders and longer with investors.

Common Investor and Trader Blunders.

DCA is a strategy for investment, and it does not mean investors look for cheap entries with DCA. Because this strategy helps investors to avoid trick of finding market bottom, best prices for entries.

[jaberwock]

Both investors and traders have to buy and sell but intensity and regularity of their buys and sells define whether they are traders or investors.

Traders are more actively with buying and selling while investors are less active with buying and selling. The cycle of buying and seller is shorter with traders and longer with investors.

Common Investor and Trader Blunders.

DCA is a strategy for investment, and it does not mean investors look for cheap entries with DCA. Because this strategy helps investors to avoid trick of finding market bottom, best prices for entries.

The more we trade, the higher the volume would be, the higher the volume is, the more profit companies like exchanges could make, or ETF places. So when we do more trading, we are giving them a reason to pump us, and make us more legal and that is why we always need traders. DCA is definitely one way to invest, and a great one, and a ton of people made a lot of money from it.

I am one of those people, I invested at 60k last bull run, but dropped it all the way to under 37k by the time we started to go up, so I am in profit right now, and by a lot, I would have been in profit anyways, because we are at all time high right now, but I made more profit now than I could have done without DCA. So all in all I would say DCA works very well for many people.

[Hamza2424]

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..

If you know a little about risk management, a very decent strategy for short timeframes is stop-loss trailing. It's super profitable, as far as I've tested it. Honestly, sometimes it tests your guts, but things are quite simple with this strategy.

I'm sure many are guiding you with their experiences for the rest.

[tottong]

When the RSI number is high, trade actors can make it as one of the materials to analyze where the graph will be addressed. Usually every RSI number is high, the chance to see the price of a coin has increased greater. Obviously this is also not as a benchmark that can be used. This is just the author's experience and maybe not all have the same view related to what I say.
As a sample of Bitcoin in this week the RSI is high when the price of $80K. The result is that the direction of the graph continues to increase by several percent or can reach the price of $89,800. DYOR

Generally traders do analyze the RSI numbers and it is true as you said that when the percentage number is greater, the potential for a decrease is much more likely to occur or vice versa if the RSI is low, an increase can trigger.
But this analysis does not always work because there are times when different moments occur and I have experienced that.
For initial analysis as a comparison, it can be used as a reference source and for trading, other analyses may also be needed.

[CageMabok]

Generally traders do analyze the RSI numbers and it is true as you said that when the percentage number is greater, the potential for a decrease is much more likely to occur or vice versa if the RSI is low, an increase can trigger.
But this analysis does not always work because there are times when different moments occur and I have experienced that.
For initial analysis as a comparison, it can be used as a reference source and for trading, other analyses may also be needed.

The Relative Strength Index is a part of technical analysis that is very commonly used by traders today and in the past, but for traders who often trade in the spot area, this RSI is not often considered even though they also take advantage of certain moments to achieve profit. But if traders who often trade in the futures area on Binance, of course this must be considered often because they often expect profits in the short term in a matter of days before they buy back and trade again in the same area.

[yudi09]

-snip-

Generally traders do analyze the RSI numbers and it is true as you said that when the percentage number is greater, the potential for a decrease is much more likely to occur or vice versa if the RSI is low, an increase can trigger.
But this analysis does not always work because there are times when different moments occur and I have experienced that.

Correction according to what I know about RSI. If the RSI is high, the chance of an increase is high. Conversely, if the RSI is low, the chance of a decrease is high. Not as you said. The reference can be seen and observed on the Bitcoin price chart.



This image is the RSI on the Bitcoin price chart and when this image was taken the price was $90K. There was an increase from $88K to $90K.

[betswift]

-snip-

Generally traders do analyze the RSI numbers and it is true as you said that when the percentage number is greater, the potential for a decrease is much more likely to occur or vice versa if the RSI is low, an increase can trigger.
But this analysis does not always work because there are times when different moments occur and I have experienced that.

Correction according to what I know about RSI. If the RSI is high, the chance of an increase is high. Conversely, if the RSI is low, the chance of a decrease is high. Not as you said. The reference can be seen and observed on the Bitcoin price chart.



This image is the RSI on the Bitcoin price chart and when this image was taken the price was $90K. There was an increase from $88K to $90K.

As far as I know, if RSI is bigger than 70-ish, the coin is overbought, meaning we are going to see correction soon.
And if it's around 30-ish, it's a different way - it's underbought.

[fikrett]

Generally traders do analyze the RSI numbers and it is true as you said that when the percentage number is greater, the potential for a decrease is much more likely to occur or vice versa if the RSI is low, an increase can trigger.
But this analysis does not always work because there are times when different moments occur and I have experienced that.
For initial analysis as a comparison, it can be used as a reference source and for trading, other analyses may also be needed.

The Relative Strength Index is a part of technical analysis that is very commonly used by traders today and in the past, but for traders who often trade in the spot area, this RSI is not often considered even though they also take advantage of certain moments to achieve profit. But if traders who often trade in the futures area on Binance, of course this must be considered often because they often expect profits in the short term in a matter of days before they buy back and trade again in the same area.

Futures trading is sure to be taken not lightly - if you go with your own money, it's one thing, but when you have a risk of being pushed out of the deal, you take every indicator you have into account.
 

[john_egbert]

When the RSI number is high, trade actors can make it as one of the materials to analyze where the graph will be addressed. Usually every RSI number is high, the chance to see the price of a coin has increased greater. Obviously this is also not as a benchmark that can be used. This is just the author's experience and maybe not all have the same view related to what I say.
As a sample of Bitcoin in this week the RSI is high when the price of $80K. The result is that the direction of the graph continues to increase by several percent or can reach the price of $89,800. DYOR

Generally traders do analyze the RSI numbers and it is true as you said that when the percentage number is greater, the potential for a decrease is much more likely to occur or vice versa if the RSI is low, an increase can trigger.
But this analysis does not always work because there are times when different moments occur and I have experienced that.
For initial analysis as a comparison, it can be used as a reference source and for trading, other analyses may also be needed.

Yeah, because the marker indicates that the coin is being bought so much it's becoming bloated - and there is probably a correction to take place in the near future.
At least that's how I see it. Correct me if I am wrong.

[doomloop]

Generally traders do analyze the RSI numbers and it is true as you said that when the percentage number is greater, the potential for a decrease is much more likely to occur or vice versa if the RSI is low, an increase can trigger.
But this analysis does not always work because there are times when different moments occur and I have experienced that.
For initial analysis as a comparison, it can be used as a reference source and for trading, other analyses may also be needed.

Yeah, because the marker indicates that the coin is being bought so much it's becoming bloated - and there is probably a correction to take place in the near future.
At least that's how I see it. Correct me if I am wrong.

Even on other things, it can also happen. Like for example in a balloon; when it is over-filled, it will also get busted eventually. As for the case of crypto, a profit is already a profit and should not be ignored when seen. Many people see it anyway, so the coin rises then dumps. If it is a shady project that we are talking, a rug pull can only happen and people can hardly sell for profits. No trading strategy could help you in-between. This is the reason, I never recommend to trade with altcoin pairs. Always trading bitcoin against fiat or tether will help even if you decide to hold, you will hurt your capital for sure.

[bettercrypto]

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..

Honestly, you don't need to be an expert just to get a profit in the trading OP; just know the basics, and it can be the beginning of the way for you to get a profit on the spot. Now what is the basic thing you should know?

Of course, you should know what kind of trader you are. Are you a short- or long-term trader? What asset do you want to trade? What is your goal? What price value are you targeting, and when will you sell it? And above all, you must have the character of a good trader.