What is your trading strategy?

[sempak]

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

it is not a strategy. it is an exact science to make trades. you must do it. strategy is how you are to take profits here. trading is easy if you have a large capital.

[deisik]

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

it is not a strategy. it is an exact science to make trades. you must do it. strategy is how you are to take profits here. trading is easy if you have a large capital.

It is. Just in case, it is called BTFD. May work unless you start catching falling knives

[rekinthis]

Mine is simple and the best. Buy low, wait, sell high. 

For extra I do day trading when there is panic making the price swing up and down.

Don't force yourself to trade that much, take some distance from time to time.

my strategy is almost same as yours but i upgraded it, as i sell only when price rises 15% more than i bought, so this way i always get profit, as i trade bitcoins only

but not trading and just keeping eye on price is good too as you will get needed info so you will be able to predict price in future, and if you will do that you will get more profit

[tommorisonwebdesign]

Mine is simple and the best. Buy low, wait, sell high. 

For extra I do day trading when there is panic making the price swing up and down.

Don't force yourself to trade that much, take some distance from time to time.

my strategy is almost same as yours but i upgraded it, as i sell only when price rises 15% more than i bought, so this way i always get profit, as i trade bitcoins only

but not trading and just keeping eye on price is good too as you will get needed info so you will be able to predict price in future, and if you will do that you will get more profit

I generally try to sell high buy low. Most of the time however, I end up needing the money when I have no other money. in addition, I never buy bitcoinb, but insteadf sell goods and services.

[SebastianJu]

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

Yeah, that is probably true for stable values like world currencies or gold, oil and such. Though it would mean a really long term investment which most people that speak about trading here will never consider. At least for daytrading it is deadly... it broke my neck last time I tried my next run of learning how to trade.

Of course I traded with leverage because I only wanted to risk $20 in total for that run. It's still way way better than risking more until I can be very very sure that I have a proper advantage and loss management.

[techgeek]

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

it is not a strategy. it is an exact science to make trades. you must do it. strategy is how you are to take profits here. trading is easy if you have a large capital.

I say its a strategy depending on the approach thats given.

It may not be bitcoin, but it can be certainly go for the approach for alt coins then translate back to bitcoins.

[bitcoinhopper]

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.

If you want to have a good trading strategy than you have to know what you must make some profit with it and that would be nice for you.
But it would be risky also if the price is not rising so you cant make also that much profit.

[bittrojan]

For me,the best trading strategy is patience,keep watch the price movement,have good knowledge about what you trade,and something like good funds for trade,its all depend you to brave take a risk for bigger profit with bigger funds.

[deisik]

Yeah, that is probably true for stable values like world currencies or gold, oil and such. Though it would mean a really long term investment which most people that speak about trading here will never consider. At least for daytrading it is deadly... it broke my neck last time I tried my next run of learning how to trade.

Of course I traded with leverage because I only wanted to risk $20 in total for that run. It's still way way better than risking more until I can be very very sure that I have a proper advantage and loss management.

I came to the conclusion that without insider knowledge and arbitrage opportunities the only viable option for trading is trading, well, options. It requires deep understanding how they work, but once you get the hang of it, you can fluently control your risk exposure without any particular knowledge about and insight into the underlying asset...

Day trading is heavy on one's psychic

[MaritiJames3]

I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.

[Bitcoinbee]

Simple strategy is patiently and closely monitoring the flow of the btc rate keeping updated on it.  comparing the value of the purchased btc on its specific date of purchase with the current value if it is profitable to sell.

[Davnarkel2]

My strategy is simple, buy when the price goes down and sell when the price goes up. I do a 50/50 split keep fiat on an exchange incase price moves to levarage against bitcoin dropping. The bitcoin I have on localbtc

A good strategy)

[Karat]

Simple strategy is patiently and closely monitoring the flow of the btc rate keeping updated on it.  comparing the value of the purchased btc on its specific date of purchase with the current value if it is profitable to sell.

So you consider only buying and selling of btc as Trading? I think altcoins have a better chance of making you rich , dont you agree? some coins can make you so rich if you buy some and leave it for some days . i have never traded btc , do you think should i give it a try ?

[deisik]

Simple strategy is patiently and closely monitoring the flow of the btc rate keeping updated on it.  comparing the value of the purchased btc on its specific date of purchase with the current value if it is profitable to sell.

So you consider only buying and selling of btc as Trading? I think altcoins have a better chance of making you rich , dont you agree? some coins can make you so rich if you buy some and leave it for some days . i have never traded btc , do you think should i give it a try ?

I don't know how something riskier can have a better chance of making you rich. I always thought that more risk means a higher chance of losing all...

How can it possibly be exactly the other way round?

[bitlancr]

I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.

I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.

[Supercrypt]

I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.

I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.

When you are trading without any proper plan, then you must hold your buying for some longer period. Otherwise, making profit consistently with your trading would be very much difficult. When you're holding for some period, then the bitcoin prices would be changing significantly. But holding your altcoins would be a riskier one.

[techgeek]

I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.

I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.

When you are trading without any proper plan, then you must hold your buying for some longer period. Otherwise, making profit consistently with your trading would be very much difficult. When you're holding for some period, then the bitcoin prices would be changing significantly. But holding your altcoins would be a riskier one.

Keep in mind, its still a gamble.

Youre hoping to see one of the trades go in your favor using whatever trade setup you have.

So call it what you want, but if a person doesnt have any recourse on making that money back they shouldnt trade at all.

[deisik]

I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.

I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.

When you are trading without any proper plan, then you must hold your buying for some longer period. Otherwise, making profit consistently with your trading would be very much difficult. When you're holding for some period, then the bitcoin prices would be changing significantly. But holding your altcoins would be a riskier one.

As the saying goes, if you don't have a plan, plan to lose.  And it seems to be even more important how are you going to deal with pending losses versus what you are going to do with expanding profits...

Just sit and watch your account being wiped away is hardly a good idea

[darewaller]

I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.

I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.

When you are trading without any proper plan, then you must hold your buying for some longer period. Otherwise, making profit consistently with your trading would be very much difficult. When you're holding for some period, then the bitcoin prices would be changing significantly. But holding your altcoins would be a riskier one.

As the saying goes, if you don't have a plan, plan to lose.  And it seems to be even more important how are you going to deal with pending losses versus what you are going to do with expanding profits...

Just sit and watch your account being wiped out is hardly a good idea

But I too believe, in long-term bitcoin would be profitable. So simply buying and holding our bitcoin would be profitable. For that we do not need any trading strategy.
If you are able to make profit either long-term or short-term, then there is no need of worrying about pending losses or for expanding your profits.

[deisik]

I do not have a real strategy to trade, I just sometimes take the risk to trade on the right moment.
The thing I mostly do is looking at the upcoming future and the price it has.

I also have the same thought, just sometimes trade when you want, I do not have a real plan but I just look at the prices and sometimes at the upcoming altcoins that are growing.

When you are trading without any proper plan, then you must hold your buying for some longer period. Otherwise, making profit consistently with your trading would be very much difficult. When you're holding for some period, then the bitcoin prices would be changing significantly. But holding your altcoins would be a riskier one.

As the saying goes, if you don't have a plan, plan to lose.  And it seems to be even more important how are you going to deal with pending losses versus what you are going to do with expanding profits...

Just sit and watch your account being wiped out is hardly a good idea

But I too believe, in long-term bitcoin would be profitable. So simply buying and holding our bitcoin would be profitable. For that we do not need any trading strategy.
If you are able to make profit either long-term or short-term, then there is no need of worrying about pending losses or for expanding your profits

What you refer to here should rather be called investing, not trading. There is nothing wrong with this, but traders are expected to earn by buying and selling, then rinse, repeat. Novice traders usually get married to their losing positions and turn from short-term traders into long-term investors...

Consequently, closing a losing position early allows to keep on trading without getting stuck in "investing"