Strategy may differ for individuals and it depends on how much you want to trade , there is no fixed strategy and I have the following 3 strategy for trading:
1. BOT trading : I will set up almost 20 grids with a buy/sell difference of maximum 5% on buy and sell strategy as well.
2. Candle reading: I follow the candle and do market trading to take small profits as low as $5 with a minimum of $1000 investment. This is bit tiring job but it works most of the time and this requires immense candle reading knowledge
3. Long term: I reserve some funds to only invest when the market dumps hard like it did previously and then i invest and wait for profit of atleast 40% and place sell order accordingly
What’s work for you may not work to other traders so its always a good idea to have your own trading strategy that will work on your own timeline. I’m also having a long term goal in trading, reading the chart using the price trend but I’m not using any trading bot since I trade on a longer frame and bot might not be ok with that. Use bot if you’re a busy trader and wants to trade daily.