My Personal Crypto Trading Strategy
1. Sell or Buy?
Look for any coin that has pumped up a lot in the last 24hrs to place a SELL order. (or look for a coin that has fallen a lot to place a BUY order - go long).
In this example we will set a SELL order - go short.
2. Set Limit Order
Create a limit order at a price that you see as the top of the last 24hrs - or a little below it to make sure you catch the order.
3. Wait
Now we wait for the price to go down or up. In case of it going down, good, we are in profit and you should get out whenever you see it hit a previous low.
In case of it going up, don't worry, we are now in loss but here's where we start our risk management.
4. Risk Management DCA
We will now search for our liquidation price and set another SELL order of the same amount, right below the liquidation price. This way you will not be liquidated because your entry is now higher then before.
You will have to repeat this step is the price is going up (it can be up to 10 times) you never know. But WHEN the price starts to fall you will be in profit again!
5. 100% Safe Way
I use Futures trading between 5 to 50x so I can get liquidated and lose my investment. BUT, you can also use this strategy on SPOT without the risk of losing (getting liquidated).
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