What is your trading strategy?

[deisik]

so how you can know that i'm clueless about trading, if you can't say that it's not akin to poker, which was my whole argument?

it's not about "i didn't talk about the difference, like you said" it's about the fact that you need to know the difference if you want to say that i'm clueless

Well, I looked into what you might mean by +ev/-ev in respect to poker, and can only further confirm that you are clueless about trading. The expected value (ev) can be in player’s favor in games involving not only luck but also skill. One of such occurrences is poker where an experienced player can and should win in the long run (taken from here). This is absolutely not the case with trading. A skilled trader (unless he himself is cheating) in the long run can only minimize his losses by increasing the losses of the less skilled traders (-ev for all non-cheaters in a zero-sum game, and entropy for the rest of the world). He can't take profits from those who arbitrage the system. To avoid losses, he can only stay away from trading altogether or find ways to fuck (arbitrage) the system himself...

If you knew in advance what the price would be, there could possibly be no way that someone willing to trade with you would escape losses, no matter how advanced his trading skills might be

trading also do not involve only luck, but skill if you know how to do your strategy, both game are about being in a good position

even big poker player consider them akin, and you that don't know nothign about poker, pretend that they are different, or not equal or whatever you want

so no, the only clueless person here it's you....

btw minimizing his loss still mean +ev in the long term, otherwise if he was perennially -ev, it would not make sense to trade to begin with....

Oh, now I see you stopped blaming me that I need to "know the difference", lol

Losses are still losses, and someone ending up with less loss than the rest of the less lucky ones (or less skilled, which doesn't matter here) is still losing. It is just a question of time when you lose all to those who have an edge over you ("established profit opportunity"), since, as I said, you can't possibly take profits from them (no matter what your trading skills are), and they won't stop until you lose all. Some people seriously believe that there are winning strategies in Bitcoin casinos (martingale or something else), but every sincere Bitcoin casino owner will tell you that there are none. You can win big. Occasionally. And run away if you are smart. But you can't beat the house in the long run. In trading, you can earn from less lucky for some time (that's the difference between trading and gambling), but ultimately you are still doomed to face the house edge (when the less lucky ones lose all and go home, or just go home)...

Because, as you yourself said, someone must be +ev and the other are all -ev (emphasis added). You have stuck yourself in a corner

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[soyab0007]

remain the same: buy down sell up

The problem with "buy low sell high" is that after you sell high, Bitcoin often keeps going up and up and up, while you're stuck in fiat.  And sometimes after you buy low, it keeps crashing.

I am in same kind of boat 

[soyab0007]

Buy when there is despair and all hope is lose.

Sell when everyone is buying and think bitcoin is the future.

Hahahahahahaha

well said

[The Sceptical Chymist]

At the moment it's to see what coins are being hyped on the altcoin section here and then to buy them when they dip significantly.   Doesn't always work out,  but I'm a total piker anyway.   Small potatoes.

[Bitcoinbee]

One of my trading strategy is to pick-up successful traders strategy comparing it with my trading knowledge.  Trading strategy is not merely doing focused on one way since we will be dealing with different traders along the way thus trades sometimes comes in different procedures or method.  And sometimes any strategy's will do as long as there is a smooth and successful trade done.

[Sandroxa]

The answer almost everyone is going to tell you is buy low, sell high. This is probably the most recommended option to gain profit in both long-term and short-term. The only problem is this is that we won't know that the future price will be.

Yeah thats a common strategy in trading but how about if bought altcoin instead of increase it will decreased and how to recover your loses instead..
Also i tried to set for buy altcoin in sell wall not in buy.. depends in the margin.. so that you can set below in buy wall..

That is nice strategy indeed but you have also to know that it can be risky and that you can lose some money with it if you are doing wrong so that is bad.
But of course if you are doing it right it will be nice that you can earn a little bit profit with it.

[avw1982]

One of my trading strategy is to pick-up successful traders strategy comparing it with my trading knowledge.  Trading strategy is not merely doing focused on one way since we will be dealing with different traders along the way thus trades sometimes comes in different procedures or method.  And sometimes any strategy's will do as long as there is a smooth and successful trade done.

According to me best strategy is to research about the coin that you want to invest in and join groups that are traders and maybe they are preparing any pump and dumps and you can loose or win. Most of the time you can check yourself and see the difference when users are most online and when there are more trades.

[outatime1]

I only trade with a small amount and hold the majority of my bitcoin for now.  The small amount that I do trade, I break it up to small increments and sell a little as the price is rising. Then I buy in small increments when the price is dropping.  I keep a gap between the sells and the buys.

[Cointje]

Long term trading.

[soyab0007]

I do not have a real strategy to be honest the only thing I do is look at the prices and the upcoming events plus what is going on in the news.
Mostly if there is some good news I can trade for good prices due to the fact the price rises.

what  type of news for bitcoin to be considered?

[Bitcoinbee]

Been active in this forum hence I learned strategies from successful trades done by traders,  I just collected the good ones to fill my trading strategy bucket.  Back reading from post in this forum helps a lot in giving me an idea to make my own simple procedure in trading.

[Herbert2020]

I do not have a real strategy to be honest the only thing I do is look at the prices and the upcoming events plus what is going on in the news.
Mostly if there is some good news I can trade for good prices due to the fact the price rises.

what  type of news for bitcoin to be considered?

the news that can affect bitcoin price are somewhat rare, the bad news seems like affecting it more often but still in small amounts. for example the Mike Hearn crap cause a little dip a while back.

and the opposite is true also, for example a big company accepting bitcoin or bitcoin getting regulated in some country, these can cause the price to go up.

but these are all speculations and there is nothing forcing it to happen.

[Amph]

so how you can know that i'm clueless about trading, if you can't say that it's not akin to poker, which was my whole argument?

it's not about "i didn't talk about the difference, like you said" it's about the fact that you need to know the difference if you want to say that i'm clueless

Well, I looked into what you might mean by +ev/-ev in respect to poker, and can only further confirm that you are clueless about trading. The expected value (ev) can be in player’s favor in games involving not only luck but also skill. One of such occurrences is poker where an experienced player can and should win in the long run (taken from here). This is absolutely not the case with trading. A skilled trader (unless he himself is cheating) in the long run can only minimize his losses by increasing the losses of the less skilled traders (-ev for all non-cheaters in a zero-sum game, and entropy for the rest of the world). He can't take profits from those who arbitrage the system. To avoid losses, he can only stay away from trading altogether or find ways to fuck (arbitrage) the system himself...

If you knew in advance what the price would be, there could possibly be no way that someone willing to trade with you would escape losses, no matter how advanced his trading skills might be

trading also do not involve only luck, but skill if you know how to do your strategy, both game are about being in a good position

even big poker player consider them akin, and you that don't know nothign about poker, pretend that they are different, or not equal or whatever you want

so no, the only clueless person here it's you....

btw minimizing his loss still mean +ev in the long term, otherwise if he was perennially -ev, it would not make sense to trade to begin with....

Oh, now I see you stopped blaming me that I need to "know the difference", lol

Losses are still losses, and someone ending up with less loss than the rest of the less lucky ones (or less skilled, which doesn't matter here) is still losing. It is just a question of time when you lose all to those who have an edge over you ("established profit opportunity"), since, as I said, you can't possibly take profits from them (no matter what your trading skills are), and they won't stop until you lose all. Some people seriously believe that there are winning strategies in Bitcoin casinos (martingale or something else), but every sincere Bitcoin casino owner will tell you that there are none. You can win big. Occasionally. And run away if you are smart. But you can't beat the house in the long run. In trading, you can earn from less lucky for some time (that's the difference between trading and gambling), but ultimately you are still doomed to face the house edge (when the less lucky ones lose all and go home, or just go home)...

Because, as you yourself said, someone must be +ev and the other are all -ev (emphasis added). You have stuck yourself in a corner

yes you need to know the difference before saying that someone is clueless when his only argument is about the difference between two things

it's seems very logic, and no brainer for me

i was talking about poker texas holdem especially, not casino

there are skill there in the long term, no matter how strong is the house, you can be +ev, the same is for trading, there are big name that made history in trading by remaining overall +ev

however i still believe that both share the same amount of luck, because luck is everywhere, no matter what you do, but this does not mean that there is not skill involved

[deisik]

<bullshit skipped>

Some only learn it the hard way. Good luck to you with that, lol

[Cointje]

I do not have a real strategy to be honest the only thing I do is look at the prices and the upcoming events plus what is going on in the news.
Mostly if there is some good news I can trade for good prices due to the fact the price rises.

Agree!

[romero121]

Be in close observation on the price increase, this would perfectly help in getting the desired profit. Also in trading one should never be greedy of more.

[Bitcoinbro]

I do not have a strategy to trade because I just gamble sometimes on it, taking the risk to make some fast money these days.
Also a strategy with trading is also not always working...

[StoreBit]

I have no trading strategy. I have no investment at all. I just do earning from signature campaign. I will do trading when I will first earn bitcoin. only then I will be do trading. I am hopeful that a time will come when I will have such a good amount of bitcoin then.

[dotajhay]

my strategy now about my past experience from trading bitcoins is to check the price chart, you can predict if the bitcoin price will be high or low using price chart , you will see the changes of bitcoin price in their chart.
example 24high and 24low is:
545.000000usd - 24high
544.000000usd - 24low - the bitcoin price will be getting high.
but if its:
545.000000usd - 24high
530.000000usd - 24low - the price of bitcoins will be getting low.
check if the gap is very long it means the bitcoin will be in low price i hope you'll learn from my guide 

[CryingMidget]

I have no trading strategy. I have no investment at all. I just do earning from signature campaign. I will do trading when I will first earn bitcoin. only then I will be do trading. I am hopeful that a time will come when I will have such a good amount of bitcoin then.

It is a good think that you're not doing day trading because day trading is completely gambling so most of the those day traders will end up in big loses. Yes buy at any price you think is good and hold until you make some profit and sell them. I never go for day trading because I'm not good in predicting the price movements on day basis.