Post
Topic
Board Trading Discussion
Re: Do you have any methods to do it?
by
jossiel
on 03/10/2023, 23:52:24 UTC
For Spot trading, you can use DCA or Dual Investment method. Since you said you have studied the market and know how it works, it will be easy for you to use. Just get the price at a low price and sell when it gets high.
DCA is more ideal for holders than the spot traders.

I think we should be more careful about managing our funds for trading. Without proper money management no matter how great or experienced a trader you are there could be a big loss waiting for you. The market changes drastically in crypto so money management can protect your portfolio from every kind of risk. It can eliminate the risk of damage from emotional decision making as well.
Losing doesn't choose any type of trader, it comes to all forms and you are right that whether you're great in everything the time of losing is going to come no matter how good you are.

But the advantage with that is you know how to manage the risk and in spot, you're likely having more idea on how it goes and what timeframes you'll use to spot on good trades.