Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
I have two portfolios and two different strategies I focus on. The first one is my bitcoin wallet, where I am trying to aquire as much as possible and will just hodl my coins. This is purely for long-term investing without any trading in the mean time. I used to trade bitcoin actively in the past, but my results where mixed compared to the time I invested for research and monitoring. Now I am just sticking to the DCA method and will buy new coins every month. Once we reach a new ATH I might consider taking some profits. The second portfolio is for both stocks and crypto, I use it to trade more actively. Here I mostly follow technical analysis to identify medium term trends to take advantage of. I am not a fan of day trading anymore because there is too much noise in the market and my technical indicators are not working that great. A more medium term approach of 30-90 days works better to identify trading signals and keeps the transaction cost lower as well.