Strategy 1: Trend Following 1. Identify the trend using moving averages (MA) or trend lines. 2. Buy when the price is above the MA or trend line. 3. Sell when the price is below the MA or trend line.
Strategy 2: Range Trading 1. Identify a range-bound market using support and resistance levels. 2. Buy at the support level. 3. Sell at the resistance level.
Strategy 3: Breakout Trading 1. Identify a breakout level using trend lines or resistance levels. 2. Buy when the price breaks above the breakout level. 3. Sell when the price breaks below the breakout level.
Strategy 4: Scalping 1. Use short-term charts (1-5 minutes). 2. Identify small price movements. 3. Buy and sell quickly to profit from small price movements.
Strategy 5: Moving Average Crossover 1. Use two moving averages (MA) with different time periods. 2. Buy when the shorter MA crosses above the longer MA. 3. Sell when the shorter MA crosses below the longer MA.
Remember:
- Always set stop-losses to limit losses. - Start with small investments and gradually increase. - Practice with a demo account before trading live. - Stay disciplined and patient.
As a beginner, navigating the trading world can be overwhelming. Here are some valuable tips to get you started:
*Set clear goals*: Define your risk tolerance, investment goals, and trading strategy. *Educate yourself*: Learn the basics of trading, technical analysis, and risk management. *Start small*: Begin with a demo account or a small investment to gain experience. *Diversify*: Spread your investments across different assets to minimize risk. *Stay disciplined*: Avoid impulsive decisions based on emotions. *Stay informed*: Follow market news and analysis to stay up-to-date.
Remember, trading is a journey. Be patient, persistent, and always keep learning!
- Added 16$ more to short NOW, so total margin now is 33$ - Also I have set SL at 85600$ ( If SL triggered I will lose only 8$) - Target I will update with time , for now keep it holding
The market moves in phases. A simple supply & Demand Dynamic. Understanding these Dynamics will allow you to position & react before typical retail. You would think that "the basic elements" of trading do not work effectively because of the level of simplicity but the reason why these phases work & are still so effective is because of the exploitation of human emotion through these movements. Each movement the market makes is designed to make human emotion spiral. That is why through fractals and looking at historical price action you will see similarities between certain movements purely because they are extremely effective methods used by MM & Institutional players. They simply Exploit human emotion through these phases and this is exactly how the bigger players will continue to profit indefinitely.
The market spends 70% of its time in complex ranges. Understanding the trend & cycles will allow you to capitalise on every single market phase. Accumulation, Re-accumulation, Distribution, Re-distribution all inherit the same characteristics, Compression, Range, Deviations above Range highs & Range lows. These methods maximize the exploitation of human emotions, causing most market participants to react out of FOMO, ultimately leading them to liquidation.
Your objective as a market participant is to understand these market movements & execute with 0 emotion. No directional bias. Trade the range until confirmation of breaking above/below. This algorithm has been playing out on every memecoin & altcoin. The key to staying ahead is identifying trend shifts and recognizing changes in market phases.