What is your trading strategy?

[bank of bits]

my strategy just choose altcoin with big volume and downing

[MinerHQ]

My strategy at trading is get low profit (5%-10%)
learn more about cryptocurrency news, buy at red line waiting good news, after pump sell it

I tried this strategy of trading with new alt coins to get profit at 5% - 10%.
But i was impatient and i wanted immediately to see the profit so i was "forced" to sell at 0.5% - 2.5%
And even with that i was really happy, one suggestion is to invest 1BTC+ at once and the low percentage can give good money daily

good strategy, sometimes i do it too, better to get small profit than we lose at trading
anyway 3day ago I tried to make trades in huobi
i can earning 0.003-0.005 perday (0.5-1%) but this day i lose 10% because i sell my bitcoin at lower price (1512CNY) 

What you did is a very good move because while trading if you know when to cut your loses then you will be saved from big losses. In sometimes we can't predict prices, if your trade is going against you just exit and watch out for some time. This is common is trading and most traders will face this issue and some greedy people wait for prices to recover and may end up in big lose.

At what percentage would you reccommend to cut loses? 5%? 10%? Depending on how crazy the market is at the time?

My perception is that around 5% is good, but I am not a very smart trader.

It actually depends on trader risk factor. If one can take more risk then they can go up to 10 to 15% or less than that.

[coinplus]

I read Mr. Sharma's daily bitcoin forecast blog. More over I can read the candle stick patterns. If the moving average of different denominations coincide with candles patterns, then I will open my trade. This is my trading strategy. I make one or two trades in one week.

[CoinBateman]

I think anybody who has MM experience will know that the markets simply don't work the way that most people think. In a market with really quite low volume such as Bitcoin, you would be hard pressed to make any real money.

[deisik]

I think anybody who has MM experience will know that the markets simply don't work the way that most people think. In a market with really quite low volume such as Bitcoin, you would be hard pressed to make any real money

That's it. You can easily make 1% daily if the amount that you trade with is about 3-5 bitcoins. But it is quite another story if you have much more than that...

[SebastianJu]

Yes, it is even hard when you learnt about technical analysis and such.

What i learnt is that you should not daytrade. If you trade bigger timeframes then you might predict the price development better.

And if you really know what to do, you don't need a lot of bitcoins. You can go to okcoin.com and trade futures. You then even can bet against the bitcoin price. And you can trade big amounts by trading margin. Risking only some money.

Of course risk reward ratio is higher.

[pandher]

Buy something worth buying and keep holding

[ronaldo40]

My strategy when playing trading trying to buy the coin when the coin is being down 15-30% and wait until prices go up
but sometimes it works well and sometimes also the price of the coins getting down and almost died

[kingscrown]

i make money on altcoins BTC/LTC etc is too crowded.
i have also made my own trading group so we can hit better volumes when needed.

[coinplus]

My strategy when playing trading trying to buy the coin when the coin is being down 15-30% and wait until prices go up
but sometimes it works well and sometimes also the price of the coins getting down and almost died

That's the real situations we face almost everyday with most of the alt coins. Because, most of the alt coins are based on bump and dump from it's creator. If we struct in the bumping wave, then we can not recognize when they will start their dumping waves.

[Verified4you]

I try to use technical analysis - price action, support/resistanse, trendlines - it all works fine on any market.

[deisik]

I try to use technical analysis - price action, support/resistanse, trendlines - it all works fine on any market.

Since you are only trying to use TA, I have to warn you that it doesn't work as good as people are saying (or you may think). It may work sometimes but it is no more than a pure coincidence (just like a broken clock is right twice a day), no more than that more often than not...

If anyone begs to differ, first recall than 90% of wannabe traders are losing their money in the long term

[allyouracid]

The best strategy is to research about the coin that you want to invest in.

Unfortunately, you can't even do this today. This freaking crypto depression has destroyed everything. Even the coins that you do research and that look promising are losing the value and tanking without no obvious reason.

Look at Dash, Monero, NXT and the other promising coins. They have all dropped enormously in value the last 6+ months.

I do agree with you that in trading some time or most of the time our research will not work out as per our wish. Most of the time prices go other way round only and it is based on my experience so what I think is just do what ever you can do research and do not invest every thing at one product but just diversify to reduce your risks.

That is a good idea, diversifying your money into different investment make the risk low, and also you can have a different assets and if your investment failed, the other investment can cover the lose of the other.

You don't really believe that diversifying an Altcoin portfolio helps making money/reducing risk? The only safe way with altcoins is to actually divest.

You cannot just apply regular trading rules to this Altcoin kindergarten crap. It just doesn't make any sense.

[MrPump]

The best strategy is to research about the coin that you want to invest in.

Unfortunately, you can't even do this today. This freaking crypto depression has destroyed everything. Even the coins that you do research and that look promising are losing the value and tanking without no obvious reason.

Look at Dash, Monero, NXT and the other promising coins. They have all dropped enormously in value the last 6+ months.

I do agree with you that in trading some time or most of the time our research will not work out as per our wish. Most of the time prices go other way round only and it is based on my experience so what I think is just do what ever you can do research and do not invest every thing at one product but just diversify to reduce your risks.

That is a good idea, diversifying your money into different investment make the risk low, and also you can have a different assets and if your investment failed, the other investment can cover the lose of the other.

You don't really believe that diversifying an Altcoin portfolio helps making money/reducing risk? The only safe way with altcoins is to actually divest.

You cannot just apply regular trading rules to this Altcoin kindergarten crap. It just doesn't make any sense.

Exactly - whole altcoin market is manipulated None of coins has real value there

[Verified4you]

I try to use technical analysis - price action, support/resistanse, trendlines - it all works fine on any market.

Since you are only trying to use TA, I have to warn you that it doesn't work as good as people are saying (or you may think). It may work sometimes but it is no more than a pure coincidence (just like a broken clock is right twice a day), no more than that more often than not...

If anyone begs to differ, first recall than 90% of wannabe traders are losing their money in the long term

You right about 90% but what if I'm in 10%? I think TA dosen't need to work all the time but it works for me in my accuracy. For example - $200-$230 was nice opportunity (four times in 2015) to buy for + 20-40% profit. Does it mean next time BTC go up after 200-230? No, but it's part of strategy.
Trading is coincidence - but favorable for trader who have strategy and money management.

P.S. I'm not a BTC stock trader - just have BTC income and try to sell in little profit.

[SebastianJu]

I try to use technical analysis - price action, support/resistanse, trendlines - it all works fine on any market.

Care to explain a bit more in detail on what you look at? When do you see a support/resistance broken and so on.

And i guess you do not daytrading.

[deisik]

I try to use technical analysis - price action, support/resistanse, trendlines - it all works fine on any market.

Since you are only trying to use TA, I have to warn you that it doesn't work as good as people are saying (or you may think). It may work sometimes but it is no more than a pure coincidence (just like a broken clock is right twice a day), no more than that more often than not...

If anyone begs to differ, first recall than 90% of wannabe traders are losing their money in the long term

You right about 90% but what if I'm in 10%? I think TA dosen't need to work all the time but it works for me in my accuracy. For example - $200-$230 was nice opportunity (four times in 2015) to buy for + 20-40% profit. Does it mean next time BTC go up after 200-230? No, but it's part of strategy.
Trading is coincidence - but favorable for trader who have strategy and money management.

Then you are just being lucky enough (so far). If two groups of people use essentially the same technique and one of them wins while the other loses (and the losers massively outnumbering the winners), it means that either one of them is just more lucky than the other or their methods differ significantly from the other group's. But the latter case undermines the applicability of TA at large...

Since you can always find a posteriori an approach from the TA arsenal that would have perfectly predicted what market was going to do (with other approaches failing miserably)

[Verified4you]

I try to use technical analysis - price action, support/resistanse, trendlines - it all works fine on any market.

Care to explain a bit more in detail on what you look at? When do you see a support/resistance broken and so on.

And i guess you do not daytrading.

Yes I'm not a BTC daytrader. I have income in bitcoin and my main rules:
- hold it on $220-230
- sell it on $250+

For me there is no signals for big trend and BTC stuck in two levels. I don't beleive in $300+. Good luck

[sachung]

Few months back I traded clams because I see regular buying in some particular exchanges. So i traded across exchange and made some profits.

[hua_hui]

I read Mr. Sharma's daily bitcoin forecast blog. More over I can read the candle stick patterns. If the moving average of different denominations coincide with candles patterns, then I will open my trade. This is my trading strategy. I make one or two trades in one week.

i try to find what you have just said. i came to his blog subscription and it needs like 500usd a month??? so u subscript to that???