What is your trading strategy?

[deisik]

When i see a big bloody red bar, i usually buy. Because that big red bar is usually followed by big green one. The opposite is also very doable. When i see a good pump, it is usually followed by a nice dump.

Yes, but in some cases the price keeps dropping after a red candle and another red candle.

It doesn't always work in your favor unless you have enough funds to buy till the bottom of that day.

Adding up to a losing position is never a good idea. Even if do get away with that this time (or however many times before), you acquire a false feeling of being always right (bordering on perkiness and recklessness), and one day your account gets wiped away (if you are trading on margin) or you are stuck with garbage, be it some shitty altcoin or stock of a failed company. It may take years, but the end is always the same...

Most learn this rule the hard way, though

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[bitcoinbox]

Many people will say: "Buy low, sell high" and this is so true!
In my case the only way to do that is to watch the MACD and the volume.
It is very easy to lose the profit in beeing too greedy. +0.2% is better than -1.00%.

[deisik]

Many people will say: "Buy low, sell high" and this is so true!
In my case the only way to do that is to watch the MACD and the volume.
It is very easy to lose the profit in beeing too greedy. +0.2% is better than -1.00%

It means that you should add stop-losses lower than that, i.e. +0.2% for a take-profit, then -0.1% for a stop-loss. Otherwise, you'll be losing big and winning small

[Doms]

Many people will say: "Buy low, sell high" and this is so true!
In my case the only way to do that is to watch the MACD and the volume.
It is very easy to lose the profit in beeing too greedy. +0.2% is better than -1.00%

It means that you should add stop-losses lower than that, i.e. +0.2% for a take-profit, then -0.1% for a stop-loss. Otherwise, you'll be losing big and winning small

It's also nice to temper your greed while also managing your fear. Never be too emotional when you see wild swings here and there. Setting stop-losses is a good way to preserve capital, which you can then move to other altcoin with potential.

[JeanMcCoy]

When i see a big bloody red bar, i usually buy. Because that big red bar is usually followed by big green one. The opposite is also very doable. When i see a good pump, it is usually followed by a nice dump.

Yes, but in some cases the price keeps dropping after a red candle and another red candle.

It doesn't always work in your favor unless you have enough funds to buy till the bottom of that day.

The best trading strategy that you can have is that you have to know that you must make some profit with it otherwise it will be bad and also sin for you with trading.
You have to be almost for sure that you can earn money with it and that is perfect but that is also risky of course.

[gilangIDR]

I will wait patiently bitcoin prices upward. If I've been able to sell the coin at a higher price than when it then I'll sell it when that too.

[mindrust]

When i see a big bloody red bar, i usually buy. Because that big red bar is usually followed by big green one. The opposite is also very doable. When i see a good pump, it is usually followed by a nice dump.

Yes, but in some cases the price keeps dropping after a red candle and another red candle.

It doesn't always work in your favor unless you have enough funds to buy till the bottom of that day.

Adding up to a losing position is never a good idea. Even if do get away with that this time (or however many times before), you acquire a false feeling of being always right (bordering on perkiness and recklessness), and one day your account gets wiped away (if you are trading on margin) or you are stuck with garbage, be it some shitty altcoin or stock of a failed company. It may take years, but the end is always the same...

Most learn this rule the hard way, though

I never buy more if i am losing my position. But i do the opposite. I always sell more if the price is climbing. Why? Because btc hasn't gained my trust yet, it is still a manipulative market and that's why i don't hold many coins.

If i lose my position after i buy, i just forget that transaction and i wait another big dump. Not everytime but i usually get in from the bottom.

Altcoins are another story. I never ever mess with them. All of them are scam.

[deisik]

If i lose my position after i buy, i just forget that transaction and i wait another big dump. Not everytime but i usually get in from the bottom

It is the same as adding to a losing position, that is, you continue buying when the price is falling without cutting your losses short ("i just forget that transaction")...

It may work for some time, but you never know where true bottom is (well, at ground zero)

[mammusu]

Many people will say: "Buy low, sell high" and this is so true!
In my case the only way to do that is to watch the MACD and the volume.
It is very easy to lose the profit in beeing too greedy. +0.2% is better than -1.00%.

this is true buy low and sell high, but we dont know when the low price and when the high price?
my strategy keep on eyes your trade, you know if there is a dump or pump.

[ronaldo40]

I will wait patiently bitcoin prices upward. If I've been able to sell the coin at a higher price than when it then I'll sell it when that too.

patience is needed in trading strategy, if you believe, you will definitely patient to wait for higher prices.
but when there is a better opportunity to sell it, rather than waiting for higher prices would wait no longer.

[avw1982]

I will wait patiently bitcoin prices upward. If I've been able to sell the coin at a higher price than when it then I'll sell it when that too.

Really this is good bro. I usually do the strategy by seeing a large enough volume on the coin and the coin price drops below 20%, then I buy it and sell it when the price has gone up. and it is enough work for me...

[Bitcoinbro]

I really do not have a trading strategy, I just sometimes trade if the price is nice and I can make some nice profits.
I just look good at the upcoming events and pricing.

[Haswell]

Truthfully, there is no single strategy that can make long-term profit. But usually, the popular "strategy" include buying low and selling high. This would work if people knew where the market was going. Unfortunately, we don't. So, just use your "strategy" and hope for the best.

[J Gambler]

My mentor said "take advantage of the market trends.  Buy as they start to rise - Sell when the start to fall"  i always keep it on my mind .

[SebastianJu]

Many people will say: "Buy low, sell high" and this is so true!

I wonder if you guys write this to anger others or if you really don't get it. With trading there IS ONLY that way to earn. Buy when the item you want to buy is priced low and sell when it is higher. It's no strategy or something. It is what successfull trading means. It is not worth to mention it that way. It's like you guys want to educate someone asking you on how to solve a mathematical calculation and you guys step in and tell him "It's simple... you solve it by solving it." and standing besides smiling and feeling smart.

A strategy is how to solve it, not to solve it.

I really don't get you guys.

[deisik]

I really don't get you guys.

They most likely mean that closing a losing position is not an option, i.e. you should always wait it over till price reverts

[SebastianJu]

I really don't get you guys.

They most likely mean that closing a losing position is not an option, i.e. you should always wait it over till price reverts

No, I have read that too often now. It's publicized like it would be a strategy of some kind. While it should be nothing worth to mention because it's the basic of what one does while trading. If one does not do this then he does not trade for profit.

The waiting strategy... I heard of it but it sounds highly risky to me. Deadly with leverage for sure too.

[deisik]

I really don't get you guys.

They most likely mean that closing a losing position is not an option, i.e. you should always wait it over till price reverts

No, I have read that too often now. It's publicized like it would be a strategy of some kind. While it should be nothing worth to mention because it's the basic of what one does while trading. If one does not do this then he does not trade for profit

It may look weird but for many people it is sort of an eye-opener. Not that they don't know this, but understanding this and yet more feeling it through may be quite a different experience...

That's why "buy low, sell high, moron"!

[deisik]

The waiting strategy... I heard of it but it sounds highly risky to me. Deadly with leverage for sure too.

This strategy is called reversion to the mean (mean reversion). The point is that most of the time the price of an asset (usually stocks and commodities) returns to its mean value (over the years) in due course

[AakZaki]

My strategy to buy when prices fall and selling when prices rise .