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.
If I have a strategy that am using, that doesn’t mean the same strategy will really work for someone else, so it’s just better we follow other people’s strategy, just work on your strategy, and I will say thats just the best. I think it’s really a bad idea to follow analysis which you see in different platforms.
For me, I believe this is certainly not the time for DCA, or swing trading.
Why do you think this is not the best time to make use of DCA strategy? I don’t know maybe there is any specific period which you can make use of DCA strategy, and I will like to know the reason why you think DCA strategy is not suppose to be used right now.
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.
Do you know the risk involved in leverage trading? The risk involve in leverage trading is so high, any slight mistake from the trader, then you going to be losing money. If you don’t have proper knowledge about leverage trading, then it’s better you don’t even go close to it, because you going to end up regretting why you even started leverage trading. If you are having money, then it’s just better to invest in bitcoin, and I will still encourage people to make use of DCA strategy when investing in bitcoin.