What's the Best Trading Strategy for You?

[taufik123]

Spot trading is the best for me and it requires basic knowledge about trading.
There are several methods that need to be carried out, short-term or long-term trading, just choosing which one is more suitable for each trader.
Short-term trading or scalping may be more complicated and requires good analytical knowledge as well as strong mentality and capital,
because we will be required to continue to focus and take advantage of every price fluctuation that occurs.

But for the long term it will also be better to buy gradually or do DCA on each price range that occurs or in a certain time consistently,
this requires good capital management to continue to maintain a position so that it can be more profitable.

And about Copy trading I have also used it but not often enough, only tried a few times.
It requires users who actually have good trading recommendations by looking at how high the average profit is,
but sometimes it won't work well when the crypto market is not doing well

[tygeade]

Spot trading is the best for me and it requires basic knowledge about trading.
There are several methods that need to be carried out, short-term or long-term trading, just choosing which one is more suitable for each trader.
Short-term trading or scalping may be more complicated and requires good analytical knowledge as well as strong mentality and capital,
because we will be required to continue to focus and take advantage of every price fluctuation that occurs.

But for the long term it will also be better to buy gradually or do DCA on each price range that occurs or in a certain time consistently,
this requires good capital management to continue to maintain a position so that it can be more profitable.

And about Copy trading I have also used it but not often enough, only tried a few times.
It requires users who actually have good trading recommendations by looking at how high the average profit is,
but sometimes it won't work well when the crypto market is not doing well

Spot trading is the best, because it doesn't require any more of future risks than what you already know. Leverage or margin or futures whatever you want to call or do, all of those have extra added risks. If you invest at spot trading, and price goes up 10%, you only make 10% and not a lot, but if it goes down 10%, then you only lose 10%, not all of your money.

It is as simple as that, you need no backing with extra money, no need for pip points, no need for anything else at all, just buy and sell. Chart reading becomes so much easier with spot trading, because you only invest based on momentums and previous historical patterns that would make your future a lot easier to handle, wouldn't become a trouble at all.

[Dunamisx]

I don't have a specific strategy I use for my trades, because each time I want to go on trade, I use the market speculations to determine which strategy best go for the current market performance, we can't just go ahead with the use of a particular strategy without considering the market performance of the coin in consideration and the overall performance of the crypto markets together.

[gunhell16]

As a trader, you are probably aware of the different tactics used in the cryptocurrency market.But have you ever pondered which strategy works best? Some traders use guaranteed pricing features to execute orders at predetermined prices since they are devoted to futures trading.Others favour spot trading, protecting against unjust liquidations by using two price processes.In the meantime, copy trading has become more and more popular since it enables users to see and learn from the tactics of seasoned traders.However, what if these methods were combined? Would a hybrid approach perform better? Let me know what you think: What is your preferred method of trading? Have you tried mixing and matching various strategies?
What are your thoughts on the function of risk management in trading?

You know, if you enter futures trade and then choose altcoins, the risk is very high compared to bitcoin, because in my experience, it is very quick to liquidate if the position you made is wrong and you have not set an SL, which is very important to set it up every time we do a trading analysis.

That's why it's still safer in the bitcoin pair than in altcoins. Believe me, most people might just regret it, you'll just do some trading activity, it's better to just choose spot trade
and not futures if you know for yourself that you don't have that much knowledge in trading. That's why trading with caution comes into play here.

[taufik123]

Spot trading is the best, because it doesn't require any more of future risks than what you already know. Leverage or margin or futures whatever you want to call or do, all of those have extra added risks. If you invest at spot trading, and price goes up 10%, you only make 10% and not a lot, but if it goes down 10%, then you only lose 10%, not all of your money.
-snip-

The best in our opinion, but nowadays many beginners are just entering into Futures trading without them knowing that the risk will be greater.
The reason beginners get into futures is because they expect big profits with minimal capital and use max leverage, this is crazy and will only make them lose early and even more.

There is nothing wrong with futures trading, but they also have to understand what the risks are and how to anticipate them so that there is no liquidation,
not just guessing the price of Long or Short and then making a profit, it is not that easy.

I still stick to spot trading and occasionally scalp or even do DCA for long-term investments.
Adjusted to the situation and market conditions, so that it does not only survive on one method because spot trading can still be explored.

[Powerjumboo]

What are your thoughts on the function of risk management in trading?

Someone that wants to become a good trader will begin learning from here because it is very important. My advice is to use not more than 10% of your money to trade. 10 to 20% from the 10% should be used to open position.

Be careful of altcoins. Learn with bitcoin. Later you can learn about how to trade altcoins. Altcoins are very dangerous. You need to know that.

You will first need to trade with the money that is less than the money that you can afford to lose to trade to study different strategies and choose the one that work best for you.

Avoid leverage.

Thank you for giving such nice advice about trading. Actually there are many new traders who use more money on trading platforms when they are new and at some point they get hurt and give bad comments about trading and stay away from trading. But I think a new trader should take your advice and use 10% of his money in the first place to trade so that he can control himself if he loses money.

For trading, it is definitely better to trade with Bitcoin because Bitcoin can be helpful for a new trader but Altcoins will not be helpful at all for a new trader because even if Bitcoin is dumping, it is dumping within a certain range but if Altcoins are dumping, it is dumping a lot more which will be very risky for a new trader.

[Bushdark]

I don't have a specific strategy I use for my trades, because each time I want to go on trade, I use the market speculations to determine which strategy best go for the current market performance, we can't just go ahead with the use of a particular strategy without considering the market performance of the coin in consideration and the overall performance of the crypto markets together.

The best time to enter the market is doing when there is a great news that could pump the price of altcoins in the market.
This is how we have been seeing many traders and investors making huge profits from the market just like when Donald Trump announced Bitcoin reserve for the United States which influence the price of Bitcoin to rapidly skyrocket.
We should be always ready to take advantages in the market if we actually want to make money without analyzing the market multiple times.

[dunfida]

I don't have a specific strategy I use for my trades, because each time I want to go on trade, I use the market speculations to determine which strategy best go for the current market performance, we can't just go ahead with the use of a particular strategy without considering the market performance of the coin in consideration and the overall performance of the crypto markets together.

The best time to enter the market is doing when there is a great news that could pump the price of altcoins in the market.
This is how we have been seeing many traders and investors making huge profits from the market just like when Donald Trump announced Bitcoin reserve for the United States which influence the price of Bitcoin to rapidly skyrocket.
We should be always ready to take advantages in the market if we actually want to make money without analyzing the market multiple times.

The best time to enter is on the time that the market and investors are on great fear specially if the market had made out some significant crash then it will really be that creating that very huge opportunity to bag some coins/tokens on which it wont really be that limiting to Bitcoin but also in other altcoins as well. Diversification will always be best, it is really just that depending on how deep your pocket is when it comes to investment with crypto. Trading could be done neither on intraday or would really be making out some swing trades. Trading strategy will come out into the no. of experiences that you have been able to encounter along the way and thats the usual stuff but it will really be depending on how good you are on making out adjustments in regarding about making your own strategy that fits out your trading style.

Whats best for others might not be the best for you, and this is why you are the ones will really be that discovering on what are the things that you should gonna supposed to stick into. If you do find yourself into that strategy on having that better winning chance, then it will really be that recommended that you should really be enhancing up yourself and becoming that progressive as the time goes by.

[Bushdark]

I don't have a specific strategy I use for my trades, because each time I want to go on trade, I use the market speculations to determine which strategy best go for the current market performance, we can't just go ahead with the use of a particular strategy without considering the market performance of the coin in consideration and the overall performance of the crypto markets together.

The best time to enter the market is doing when there is a great news that could pump the price of altcoins in the market.
This is how we have been seeing many traders and investors making huge profits from the market just like when Donald Trump announced Bitcoin reserve for the United States which influence the price of Bitcoin to rapidly skyrocket.
We should be always ready to take advantages in the market if we actually want to make money without analyzing the market multiple times.

The best time to enter is on the time that the market and investors are on great fear specially if the market had made out some significant crash then it will really be that creating that very huge opportunity to bag some coins/tokens on which it wont really be that limiting to Bitcoin but also in other altcoins as well. Diversification will always be best, it is really just that depending on how deep your pocket is when it comes to investment with crypto. Trading could be done neither on intraday or would really be making out some swing trades. Trading strategy will come out into the no. of experiences that you have been able to encounter along the way and thats the usual stuff but it will really be depending on how good you are on making out adjustments in regarding about making your own strategy that fits out your trading style.

This is crazy really because I don't know whether you will keep waiting for the Market tongo more deeper before you can buy.
If you think that it would be wise to wait for price to go more dip before buying then you are wrong. So what happens to the DCA strategy? You don't need to keep waiting for price to keep going dip before you buy and hold, with the DCA strategy, all you need to do is to keep buying at an interval. This could be every week, every two weeks in a month, every month or 3 months depending on what you actually want and how long you will be holding.

[Renampun]

As a trader, you are probably aware of the different tactics used in the cryptocurrency market.But have you ever pondered which strategy works best? Some traders use guaranteed pricing features to execute orders at predetermined prices since they are devoted to futures trading.Others favour spot trading, protecting against unjust liquidations by using two price processes.In the meantime, copy trading has become more and more popular since it enables users to see and learn from the tactics of seasoned traders.However, what if these methods were combined? Would a hybrid approach perform better? Let me know what you think: What is your preferred method of trading? Have you tried mixing and matching various strategies?
What are your thoughts on the function of risk management in trading?

I don't know if this topic is worth discussing in this section because it is related to trading but the trick you brought up here is very good even though the implementation is quite difficult, to be honest I am more comfortable trading on the spot, I can exit and enter whenever I want, and if I am in a loss position I can do nothing but hope that the price of the coin I am trading will go up again, but not all coins are good to trade I recommend altcoins that have good fundamentals and good liquidity to be used as trading assets, not meme coins.