Quote from: Zigabel on Today at 01:17:08 PM

Quote from: HawkTrader on October 01, 2024, 02:46:24 PM

With the hopium expected to be at the premium beginning this month (October), it's the time traders look out for opportunities to win big. I've seen so many analysis on different platforms but with less discussion on strategy.
For me, I believe this is certainly not the time for DCA, or swing trading. I rather do some leverage trading, especially on derivatives (of course there's need to choose exchanges with good liquidity) and employ good risk management including batch trading to periodically take profits.

What's your thought though?

I believe this is necessary to prepare us for the "summer" haha

Swing trading and DCA are mostly the best for me now and that is because they may not get strongly hit by volatility just the way spot and derivatives would, currently the market have been undergoing some sort of volatility that has been causing some extreme directional movements if you bare trading derivatives. But then with good risk management I believe almost any way can work fine, as for me good risk management is always ultimate.

Swing trading requires a whole lot of patience, so if ones psychology isn't strong..they won't be able to pull it off.. anways for me, i dont get greedy and I'm strict when it comes to cutting losses. Also testing yourself against other traders in competitions like this BG trading showdown is advisable imo for your psychology imo.