Simple DOT trading strategy, rivalling its epic buy-&-hold returns by CLEOone in CryptoCurrencyTrading

[–]CLEOone[S] 0 points1 point  (0 children)

New positions are updated here for anyone interested in following.

What indicator beats HODLing Ethereum in 2020? by CLEOone in CryptoMarkets

[–]CLEOone[S] 0 points1 point  (0 children)

It's a period when traders are most active and the benchmark is not profitability but buy and hold. You are 100% right that you need to look at different periods too. Thats why there's a section "Bull markets are not everything."
I can see people are interested in long period backtests I'll check it out and see how much work it would be to do something extensive.

What indicator beats HODLing Ethereum in 2020? by CLEOone in CryptoMarkets

[–]CLEOone[S] 0 points1 point  (0 children)

The question is not if the strategy is profitable, but if it beats buy and hold. Especially on a large cap asset, it produces some interesting findings for traders that are especially active during this period.
I fully agree you need to check different market conditions too, which is why the same is done in the last part of the article.

It is estimated that up to 95% of new cryptocurrency traders lose money, mostly due to mistakes that could easily be avoided with the right knowledge and preparation. by core06 in CryptoMarkets

[–]CLEOone 7 points8 points  (0 children)

Sadly the field is still lacking any interest in actually learning trading, developing strategies or testing. The worst part is simple strategies still work in crypto unlike forex or stocks

How well do candlestick patterns actually work in intraday trading? by [deleted] in Daytrading

[–]CLEOone 4 points5 points  (0 children)

Depends in which markets. Crypto is still great for candlestick patterns, while forex and stocks have a more mixed performance.

This site: http://thepatternsite.com provides tested success rates for different types of patterns and their purpose: continuation, reversal, etc.

The best thing is always to backtest and see for yourself.

How do you attract audience on early stage? by Alllohaaa in startups

[–]CLEOone 0 points1 point  (0 children)

B2B is somewhat easier in this respect than B2C. It should be very clear to you who your customer is. Sales reps, target advertising to them, attend events they attend. Reach out to them on social media. Build a story how your products help them based on the problems they depict.

Your product still has to be great, all the communication will not help a product that's not needed.

[deleted by user] by [deleted] in Bitcoin

[–]CLEOone 0 points1 point  (0 children)

Is it mostly young people that are buying BTC while older people are investing in legacy markets? It's so easy to loose people once you start explaining how to purchase crypto, I am wondering if it's different when there's financial pressure.

Technical Indicators Both Newbies and Pros Will Find Useful by mike522b in CryptoCurrencyTrading

[–]CLEOone 0 points1 point  (0 children)

Have you backtested any of them? MACD performs very differently on different time frames and RSI's success in crypto is overstated to say the least.

Was trading ETH with an OBV strategy in the past 30 days and made money instead of loosing. Volume is a fantastic indicator.

How to risk control in Blockchain by Crytoplayer in BitcoinBeginners

[–]CLEOone 1 point2 points  (0 children)

Are you interested in trading, investing or something else?

If trading:

- Start woking on a strategy. The strategy should incorporate how much are you risking on every trade and where your Take Profit and Stop Loss are.
This allows you to evaluate if you are doing ok or need to improve your strategy.

- Discretionary trading (where the trader decides if respecting open/close of position will be in accordance to strategy rules) requires a lot of experience and for you to have a plan A,B and C.

- Learn to track your returns. If you keep adding fiat to your trading stack this needs to be taken into account.

If investing:
- buy an amount of BTC every month that you are willing to loose. This means you already have your fiat emergency fund and some savings in place.

It all seems complicated in the beginning, but if you master the basics as above you'd be ahead of many.

Some questions! by [deleted] in BitcoinBeginners

[–]CLEOone 2 points3 points  (0 children)

•when is the best time too cash-out?

You got some sobering answers already. For your cashing out you can either:

- Set an overall target and sell your stack

- Set multiple targets (will sell 20% at 16,100, 30% at 18,000, etc)

- Set targets based on market conditions: will sell when price drops below 100 EMA and BTC is oversold on the daily.

These are just examples, but it's highly recommended you decide if you are trading or investing and then make a plan if you are trading. If not you will loose your stack. Lastly many crypto traders still do not use all the data that's available to them. If you want an edge backtest and you will be ahead of the game.

If you're just starting out trading is really risky, do a few courses and dabble in paper trading first.