Quote from: Dr.Bitcoin_Strange on May 25, 2023, 11:24:55 PM

Quote from: greengrassis on May 13, 2023, 05:34:25 PM

I cannot say that I regularly use the same strategy. It is important to understand that the market is as dynamic as possible and this regularly requires that strategies need to be changed and revised.

Yes, the market can be dynamic, but you must surely have different approach, or you can call it a strategy, that you apply most of the time to maximize profits. So what could it be? I know that as a trader, one can have several strategies to try out depending on the situation of the market, so the OP suggests what that strategy is; even if it's many, what are the few you can share, and how do you maximize profit with it? However, there are two types of cryptocurrency trading, such as futures trading and regular sports trading, that are mentioned in some centralized databases.

Regular sports trading could be a misleading name in the world of the stock market or crypto market. I think what are you mentioning is simple buy/sell, not sure why you called it "sports trading". However, crypto's volatility has been the son of the gun all the time, and extensive technical analysis can make you profits but not with full confidence.

The other day I tried to do a simple buy/sell trade when BTC was around 29K, by the time I thought I am gonna make a profit on this purchase, my trade charts were upside down, and I ended up having my bitcoin at 27K now. Imagine the losses with a small amount that I purchased and its ratio with the bigger volume change.

So that is that. It's volatility can make you suffer. So if not trained properly then its always better to HODL and keep it straight.