#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.bmwweb.biz/activity/binance-turns-8?ref=GRO_19600_YVICN
My conclusion is: The more patient you are, the bigger chance of you winning in this game. Long term holding on big coins is the safest way to trade crypto
BearishBanter
--
Today is exactly one year since I've been testing different trading modes with 1000 USDT capital in each modes, just to test the result so you don't have to endure it yourself 😂 I've been writing journal daily to track the PNL. Here's the result of each ones in exactly one year:
Spot trading on big coins (buy on big support lines, and selling on big resistance lines): +1309 USDT Gotta be really patient with this mode, no FOMO, no chasing the market, didn't care about the news or short term trends, most of the time I had to hold the coins for months. But it's really profitable.
Spot grid trading bots on bigger coins: +403 USDT Stress-free and quite consistent. Benefits from high volatility yet still safe (no liquidation like future trading)
Option trading: +339 USDT Had to spend more time in planning and executing trades, makes my IQ increases a bit 😂
Future trading bots here and there: +94 USDT Had to check it daily and set tighter stops, or else it would blow your account off. The result doesn't worth the efforts.
Arbitrage bots on different coins: +46 USDT Sluggish & doesn't worth it. As the name stated it, it's a neutral strategy. Even the PNL is almost neutral 😂
Future trading: -632 USDT Hell kind of stressful, not for me.
Future copy trading: -773 USDT Stay away from this mode!
Should I continue this kind of research for another year?
Today is exactly one year since I've been testing different trading modes with 1000 USDT capital in each modes, just to test the result so you don't have to endure it yourself 😂 I've been writing journal daily to track the PNL. Here's the result of each ones in exactly one year:
Spot trading on big coins (buy on big support lines, and selling on big resistance lines): +1309 USDT Gotta be really patient with this mode, no FOMO, no chasing the market, didn't care about the news or short term trends, most of the time I had to hold the coins for months. But it's really profitable.
Spot grid trading bots on bigger coins: +403 USDT Stress-free and quite consistent. Benefits from high volatility yet still safe (no liquidation like future trading)
Option trading: +339 USDT Had to spend more time in planning and executing trades, makes my IQ increases a bit 😂
Future trading bots here and there: +94 USDT Had to check it daily and set tighter stops, or else it would blow your account off. The result doesn't worth the efforts.
Arbitrage bots on different coins: +46 USDT Sluggish & doesn't worth it. As the name stated it, it's a neutral strategy. Even the PNL is almost neutral 😂
Future trading: -632 USDT Hell kind of stressful, not for me.
Future copy trading: -773 USDT Stay away from this mode!
Should I continue this kind of research for another year?
$H I suspect an auto pump & dump bot has been run by a whale in this coin. See the consistency in volume for both of upwards and downwards movements on recent time.
$MYX is bearish in the long term, but bullish in the short term. If you still decide to trade it, you need to keep your leverage low and your margin proportion low too. NEVER go full margin in this coin!
Binance #Copytrading is really dangerous, you can choose a good trader that has ROI above 200%, Sharpe ratio above 11, and consistently brings a stable 1% profit each day. Yet one day he chooses to gamble with it, opening a position and keep on doing DCA when it's red. And when things are getting worse, he will leave it to bed overnight without a stop loss. You'll wake up with only ashes the very next morning. 😂
Everyone is so bullish, and that's make me scared. I've closed all of my long positions directly. Because in the past, overly-bullish public sentiment always led to a big crash.
People who put long positions with huge margin & leverages is the main reason why the risk of a market downturn is increasing.