/biz/ - Business & Finance

Need to know how you guys buy low and sell high, is there any magic behind that?

And did you ear a lot with your method?

Buy on pink, sell on shill. This is how you navigate /biz/.

>>7899304
This. Nobody is going to AMRS at the peak of a 50% run. You shillers need to chill. If you're making so much money why do you feel the need to shill it here every single day.

So before the crypto mania I was reading lots and lots of technical analysis / day trading books and even traded for a while. My conclusions were that no indicator is optimal, that you have to use them based on momentum(trend)/oscillation environment, and that daytrading on a buy-low-sell-high strategy is questionable on your long run P&L.

Yet, I keep reading about people here daytrading crypto and saying "just buy low sell high" or "use RSI / stoch.RSI". What's the difference here between my experience in real markets? What am I missing? Is the crypto market trending all the time such that momentum trading is easy?

Gentleman, I'm gonna be honest here - I got lucky in the past.
My portfolio is up, but only having thanks to luck. I have no strategy. And I know that, eventually, luck runs out.

I would like you to talk about your strategy.

Of course, first rule here is, all memes aside, buy low and sell high.
But how do you assure that you sell high? Money management? It seems to me I was too greedy in the past.

I want to hold all of my prospect coins but, at the same time, constantly buy them low and sell high, so I could accumulate even more.

Also, how do you recognize a coin that is about to go up? Pattern work?

Anyhow, general strategy discussion.