What is your trading strategy?

[roadbits]

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

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.

[hua_hui]

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

i understand that. i think it is also becuz u need the fiat to cover your expenses so you cant hold on to bitcoin forever, you can hold for a while but eventually you have to convert a handful for reality.

[Franciem]

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

nice tips
for arbitrase you need more capital, also u must think again about trade fee and withdraw fee

[birdcat90]

usually i just use price action strategy...

on daily and 4 hour time frame..i use my forex strategy and implement it on bitcoin trading...

[Sir_lagsalot]

Buy low, sell high. When there is panic, buy the shit out of everything when it hits rock bottom

[Franciem]

usually i just use price action strategy...

on daily and 4 hour time frame..i use my forex strategy and implement it on bitcoin trading...

can you share your daily trading strategy ? i think it's very good if i can get profit with your forex strategy trading

[SebastianJu]

usually i just use price action strategy...

on daily and 4 hour time frame..i use my forex strategy and implement it on bitcoin trading...

Are you really successfull with that? I imagine that being successfull for forex but i think these things don't really work on the bitcoinchart since too few people believe in this. On forex that's probably a different story.

[SebastianJu]

Buy low, sell high. When there is panic, buy the shit out of everything when it hits rock bottom

Then where is bottom for you? How do you know that it will stop there and not drop down another couple hundred percents? And when you wait for a bottom to establish then it might already went up high.

So what are you watching at?

[Dotakels]

usually i just use price action strategy...

on daily and 4 hour time frame..i use my forex strategy and implement it on bitcoin trading...

can you share your daily trading strategy ? i think it's very good if i can get profit with your forex strategy trading

yeah can you share? so that we can try your method and we can also earn some profit by that method. And it would be profitable if the we use dollars to trade and we exchange it into our own currency, it would be probably high because my country is in the third world country.

[edric]

Buy when there is despair and all hope is lose.

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

Well said.  Even though there are no strong fundamental indicators for bitcoin other than the long term economic nature of the currency, I generally try to buy "cheap" and sell when it is "expensive."  I define this mostly based on sentiment.  When the crowd is overexuberant, sell.  When the crowd is irrationally fearful, buy.   

[Amph]

i think patience is the key to become a successful trader. All you have to wait for market to be favourable for your pick.

this is not good if you expected something but the market do a complete shift, a different movement, and instead of falling, for example it keep rising

it's better to play on a daily small range and take the little profit, than waiting for the big oneand risking to have nothing or lose big

[Mickeyb]

i think patience is the key to become a successful trader. All you have to wait for market to be favourable for your pick.

Well you are pretty much right about patience. Patience is very important in any sphere in our lives, whatever we do. The same with trading. Which in the end again doesn't mean nothing 100%.

You can be patient and draw the right moves and still lose if market decides this way. Trading, especially alt coin trading is a form of a big gamble at the moment.

[torontocoinexchange]

How much time and money I would have saved if I didn't sell low and buy high =/ 

[richardsNY]

How much time and money I would have saved if I didn't sell low and buy high =/ 

What does that mean? That the sell low and buy high method is a waste of time?

[Amph]

How much time and money I would have saved if I didn't sell low and buy high =/ 

What does that mean? That the sell low and buy high method is a waste of time?

he mean that is was better to wait at that time and not do anything because he would have gained later

[bitmarket.net]

i think patience is the key to become a successful trader. All you have to wait for market to be favourable for your pick.

this is not good if you expected something but the market do a complete shift, a different movement, and instead of falling, for example it keep rising

it's better to play on a daily small range and take the little profit, than waiting for the big oneand risking to have nothing or lose big

I think it is important to make a distinction between investing and trading.
Investor holds builds his portfolio using a number of separate assets and holds it long-term.

A trader trades an instrument short term (could be few minutes, few hours, sometimes even few days) to benefit from its volatility and occasional mispricings.

If you are a trader, your options are mutliplied if you use the exchange offering short-selling and margin trading (providing that it is used correctly).

[SebastianJu]

Buy when there is despair and all hope is lose.

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

Well said.  Even though there are no strong fundamental indicators for bitcoin other than the long term economic nature of the currency, I generally try to buy "cheap" and sell when it is "expensive."  I define this mostly based on sentiment.  When the crowd is overexuberant, sell.  When the crowd is irrationally fearful, buy.   

*lol* That means now is the time to sell. Except... the price did not rise much in the last day, so i wonder if that already can be seen as a sign that it will go higher.

How do you see the current situation? overexuberant or irrationally fearful?

[SebastianJu]

How much time and money I would have saved if I didn't sell low and buy high =/ 

*lol* You are right. I way too often acted out of fear or bought into a booming price whose top already was reached. Trading really seems to need a complete shift in acting to the opposite. Similar to learning to drive a bicycle. At first you have the urge to steer in the opposite direction to where you fall. In order to get there. It might be the same learning curve with trading.

Maybe next time i do a trading session i decide to keep when in fear and to sell when in awe. :D:D

[SebastianJu]

How much time and money I would have saved if I didn't sell low and buy high =/ 

What does that mean? That the sell low and buy high method is a waste of time?

Yes, it is surely better to try the buy low and sell high method. :D:D

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Check the words when you did not get it yet...

[SebastianJu]

i think patience is the key to become a successful trader. All you have to wait for market to be favourable for your pick.

this is not good if you expected something but the market do a complete shift, a different movement, and instead of falling, for example it keep rising

it's better to play on a daily small range and take the little profit, than waiting for the big oneand risking to have nothing or lose big

I think it is important to make a distinction between investing and trading.
Investor holds builds his portfolio using a number of separate assets and holds it long-term.

A trader trades an instrument short term (could be few minutes, few hours, sometimes even few days) to benefit from its volatility and occasional mispricings.

If you are a trader, your options are mutliplied if you use the exchange offering short-selling and margin trading (providing that it is used correctly).

Not all traders are daytraders. Many trade only in the bigger timeframes. It's said that this is even easier than daytrading since the price is more acting the way the indicators say he should. Daytrading is more random.