How to trade Bitcoin that has high volatility and have a life !
Hello just wanted to share my trading system since too many people stress a lot over bitcoin volatility and loose money, I also lost a lot in the past trading the charts with margin / futures.
Today I have this simple trading system and I relax and dont care where markets go next and I been getting profits of about 10% average each month on bitcoin, ethereum and other major alt coins.
In general the rule is too buy a bit more on every dip and sell in chunks and levels only when price is above my previous purchase.
I do this for a few alts too such as ethereum , bnb, link, ada, dot, xlm, doge, ltc
I trade on spot only, no leverage, start with 100% USD and current price, then I set buy limit orders for a small amount of USD, about 2% of balance for when bitcoin drops 2%, another limit buy order at -4%, -6% ... -40%
Sometime later, for instance every 8 hrs or as possible, simply set more buy orders at -2% price if btc price has increased and set sell limit orders at +2%, +4% .. +40% once the orders are filled
I also buy a very small amount when price is slightly above a new ATH.
This strategy can work for any market, for instance stock market, just select markets that have a bright future, do your research.
I dont short sell, only do traditional buy low and and sell high, major crypto coins are the future, blockchain is the new Internet !
I hope this helps, you dont need to loose sleep and stress with trading.
Today I have this simple trading system and I relax and dont care where markets go next and I been getting profits of about 10% average each month on bitcoin, ethereum and other major alt coins.
In general the rule is too buy a bit more on every dip and sell in chunks and levels only when price is above my previous purchase.
I do this for a few alts too such as ethereum , bnb, link, ada, dot, xlm, doge, ltc
I trade on spot only, no leverage, start with 100% USD and current price, then I set buy limit orders for a small amount of USD, about 2% of balance for when bitcoin drops 2%, another limit buy order at -4%, -6% ... -40%
Sometime later, for instance every 8 hrs or as possible, simply set more buy orders at -2% price if btc price has increased and set sell limit orders at +2%, +4% .. +40% once the orders are filled
I also buy a very small amount when price is slightly above a new ATH.
This strategy can work for any market, for instance stock market, just select markets that have a bright future, do your research.
I dont short sell, only do traditional buy low and and sell high, major crypto coins are the future, blockchain is the new Internet !
I hope this helps, you dont need to loose sleep and stress with trading.
Comment:
Note that one important detail is that the amount on a sell higher order should be about 1/4 of the amount of a buy lower order, so not to sell everything once bitcoin price takes off