I’m that type of traders that loyal to 1-3 trading pairs. I believe that by focus on no more than 3 trading pairs, we’ll have sort of “connections” with that particular trading pairs.
I’ve traded $1000SATS for the past few months, longs and shorts, and per yesterday I’ve opened a long position. The focus of this position is specifically swing trades with my personal mid target at $0.0003x.
$BTC is currently testing Moving Average (MA) 99 at the moment. As you can see, MA 99 has been an important key for #bitcoin☀️ .
Whenever the price break out/break down, historically, will continued that way. The good news is MA 99 always act as a strong support, but the bad news on daily chart, Bitcoin still relatively overbought in RSI.
Hold tight, never lose your money. Not making profit is always better than losing your money⚡️
Every Single Trader have Their Own Unique Strategy
I believe that every single trader, have a unique strategy that works for their own self. I’ve seen many advice on how to trade by being a swing traders, super quick scalpers, and contrarian strategy, but in the end it’s you and your mental/psychology when you’re trading.
For me, method that suits my trading psychology is by being a contrarian. What does that means? Being a contrarian means (not limited to) watching, seeing, calculating probabilities by being the opposite of market’s movement.
The big plus of this method is the high probability of ROI, but the big cons is there’s big chance that you will be lose in “one way market trend”—super bullish/super bearish market.
One of my most success trade is by being a contrarian on longing XRP when XRP facing a flash crash, around Q4 2021, where i turn $100 into $2000++.
I highly suggest to discover your own style, master it and stick to it. $XRP #Xrp🔥🔥 #ContrarianCrypto
My view on hedging is it can be useful when we use it wisely. My habit is whenever i feel that my position is “hyperbolically” gains, i’ll open a position in the opposite directions with relatively small than my main position.
The reason is i’m always aware for a reasonable traceback after a pump, and when I know that my main position is still has pretty big probabilities of gaining but also would be normal if there’s a traceback, i want to use that traceback momentum to get a little money.
In this picture my main position is $1000SATS and i’m shorting (scalp) $FET since FET was up ~10% and I see some probability of FET’s correction.
However, always look how $BTC behave, and trade with your own conviction.
As a regular trader—non professional, managing money for our own self learning how to trade through the internets, we’re usually facing some Psychological Bias.
This Bias can be in multiple forms, like having a big, irrational conviction on your fav crypto, up to bias that we think we have more skills than we actually have.
I’m interested in the second bias, it is formed unconsciously by seeing successful trader on the internet, and we’re a little narcistic to think that we’re on the same level as them, and can consistenly making profits by skills (not luck).
While the reality of regular personal traders is can be seen, roughly, like the picture below. We’ll face some loses and wins. The only way we can win and grow our portfolio is to making sure when we lose, we lose smaller than when we make a win.
Feels that the market behave a little indecisive? Worry about market sentiments on September? Read down below:
I was tracing down the market history, specially $BTC ‘s performance on September through all the year. And it shows that on some year #BTC☀ performance on September has been bullish, and also on some year facing some bear trends.
What I keep in mind for right now is, September is the last month of Q3, where some big companies prepares for the last quarter of the year. This can means some of them prepare to buy more crypto, or sell them to realize some profits.
For now, my strategy is focus on several coins/tokens that shows significant volume, and for the past few days are accumulating (stays in relative same area, ups and downs) and trade long/short between the area.
One of them is #10000SATS with its accumulating area between 0.00029x - 0.00032x. I do scalp SATS while waiting for BTC’s trend confirmation, moreover in the coming US election that makes some investor doing wait and see behavior.