I've been testing different strategies for quick spot trades for the past couple of weeks with a profit of 1-2%. Unfortunately, finding a coin that would meet all the conditions was taking too long. Stop losses were triggered repeatedly, and as a result, I only got a little over $2 in profit from my initial $22.
The ratio of the result to the effort spent was not interesting at all. Perhaps if I had set a higher profit % and taken more risk, the result would have been better. But due to the high volatility, many coins reversed the trend even on short-term charts (1h), and I could have lost even this modest profit.
I'm glad I didn't go into the red during the recent market declines. But I've come to the conclusion: quick deals aren't for me.
I'm currently testing a medium-term trend strategy with an expected profit of 5-20% and an exit within a few days, not hours. I'll share the results!
And I will continue talking about indicators when I confirm the current strategy for myself. By the way, today I completely gave up copy trading 🙅🏻♀️. Because no matter how diligently I look for a copy trader who has a stable, albeit small plus according to preliminary estimates - when it comes down to it - everyone has a crazy minus.
And what strategies do you use for quick or medium-term profits for spot trading? Which ones work best for you?
