Trading on support resistence levels sideways trading
Hello, this is my fist published idea.
I'm a beginner trader, but at the moment I'm happy with my first 3 months trading results.
I'd like to share this idea to know your opinion and maybe to have some tips to improve it, and of course I'm not inviting anybody to copy this idea.
This is actually a personal esperiment, where I'm investing a little part of my portfolio
Let's start:
1. I've choosen a project that I love and trust
2. I don't mind to set a stop loss until we're in the bull market
3. I will anyway Hold a certain quantity of those coins, having a bit more ADA than expected is not going to ruin my major risk management and exit strategies.
4. I am a beginner, so I wold appreciate any productive tip.
I started with the following amaount: 400USDT and 400$ worth in ADA
As you can see on my chart you can find 4 couples of prices, every couple of lines has the same colour.
The strategy is really easy:
once the price reaches the lower line of each couple, a buy order is set (eg 50/100USDT), only once, until the price reaches the higher line of the couple, where a sell order of the same amount of USDT is filled, then i repeat the procedure for every couple until we're still in a sideways market
Now I'd like to know if some of you alredy tried this srategy and if it has a name, as id like to find a bot that helps me to manage the smallest and quickest movements and taking advantage of those.
Thanks for reading and for any help provided
Fabiano
I'm a beginner trader, but at the moment I'm happy with my first 3 months trading results.
I'd like to share this idea to know your opinion and maybe to have some tips to improve it, and of course I'm not inviting anybody to copy this idea.
This is actually a personal esperiment, where I'm investing a little part of my portfolio
Let's start:
1. I've choosen a project that I love and trust
2. I don't mind to set a stop loss until we're in the bull market
3. I will anyway Hold a certain quantity of those coins, having a bit more ADA than expected is not going to ruin my major risk management and exit strategies.
4. I am a beginner, so I wold appreciate any productive tip.
I started with the following amaount: 400USDT and 400$ worth in ADA
As you can see on my chart you can find 4 couples of prices, every couple of lines has the same colour.
The strategy is really easy:
once the price reaches the lower line of each couple, a buy order is set (eg 50/100USDT), only once, until the price reaches the higher line of the couple, where a sell order of the same amount of USDT is filled, then i repeat the procedure for every couple until we're still in a sideways market
Now I'd like to know if some of you alredy tried this srategy and if it has a name, as id like to find a bot that helps me to manage the smallest and quickest movements and taking advantage of those.
Thanks for reading and for any help provided
Fabiano
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