The Success Syndicate

With the creation of the /insider-trading channel, I’ve realized just how many people are learning to trade. So, tonight we’ll talk about trading strategies! 

Here are a couple that I think are important:

1) Layering out to take profit: One of my biggest challenges has been knowing when to take profit and when to hold. I tend to either sell too early and miss the majority of profit or hold too long and round trip stuff. 

Lately though, I have been layering out of positions and it works much better. Things are pumping? Sell 25% and re-assess. If it keeps running, keep taking some off the table. But always leave yourself a moonbag - unless you’re sure it’s all deadweight. 

2) Cutting your losses. Sometimes you have to cut a position at a loss to put the money to better use. This shouldn’t be done lightly though as it’s a quick way to burn through your funds. That said, don’t be afraid to cut a loser. 

What about you? What trading strategies do you use most often or find the most effective?

I use simple trading strategy is to go long (buy) when both the 1-hour price and the 15-minute price are above a key support level and the 20 EMA (Exponential Moving Average). This indicates that the trend is bullish, and the support and EMA are holding strong, giving a good chance for the price to move higher.

For a short (sell) trade, wait until both the 1-hour price and the 15-minute price are below a resistance level and the 20 EMA. This suggests a bearish trend, with the resistance and EMA acting as barriers, increasing the likelihood of a price drop.