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The Water Cooler
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Best crypto strategy???
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<blockquote data-quote="The_Gregors" data-source="post: 3657073" data-attributes="member: 46008"><p>Here are some details of a crypto strategy that works me. </p><p></p><p>Keep about half of your funds locked away in “Buy and Hold” strategy. Stored in an offline wallet preferably. </p><p></p><p>Keep about half of your funds in <a href="http://binance.us/" target="_blank">Binance.US</a> exchange (or another exchange that integrates with your bot provider below.) and converted to USDT tokens. </p><p></p><p>Use a third-party Bot to make trades when conditions are met, allowing you to define a strategy and not have to manually watch the market to make trades. For the bot, use <a href="http://3commas.io/" target="_blank">3Commas.IO</a> or another crypto trading bot. This account connects to the <a href="http://binance.us/" target="_blank">Binance.US</a> account and places trades from the DCA (Dollar Cost Average) bot based on buy triggers. 3Commas sells buy/sell indicators for a monthly fee, but the built in (free) Trading View indicators are amazing. </p><p></p><p>The key and I mean the key to this strategy is to understand the concept of Safety Orders. Safety Orders are NOT a Stop Loss. Safety orders are additional purchases you configure in the bot to protect when the price of the coin goes down. This allows you to buy more when the price drops. Why would you do this? Because as the price drops, you buy more (and a larger number of coins) and more, then when the price turns around, you don’t have to go all the way back to your original purchase price before the overall trade is positive. </p><p></p><p>Stop Loss is a sure way to give away money. I would rather just wait for the deal to be profitable, and it may take weeks/months, so it is better to have a few smaller bots instead of one big bot. </p><p></p><p>With this strategy, using only 1 bot, you could monitor a number of coins, and have an order automatically start when the buy condition is met. Then sell when the sell condition is met. </p><p></p><p>Anybody have any questions? FYI, just a customer, not selling anybody anything.</p></blockquote><p></p>
[QUOTE="The_Gregors, post: 3657073, member: 46008"] Here are some details of a crypto strategy that works me. Keep about half of your funds locked away in “Buy and Hold” strategy. Stored in an offline wallet preferably. Keep about half of your funds in [URL='http://binance.us/']Binance.US[/URL] exchange (or another exchange that integrates with your bot provider below.) and converted to USDT tokens. Use a third-party Bot to make trades when conditions are met, allowing you to define a strategy and not have to manually watch the market to make trades. For the bot, use [URL='http://3commas.io/']3Commas.IO[/URL] or another crypto trading bot. This account connects to the [URL='http://binance.us/']Binance.US[/URL] account and places trades from the DCA (Dollar Cost Average) bot based on buy triggers. 3Commas sells buy/sell indicators for a monthly fee, but the built in (free) Trading View indicators are amazing. The key and I mean the key to this strategy is to understand the concept of Safety Orders. Safety Orders are NOT a Stop Loss. Safety orders are additional purchases you configure in the bot to protect when the price of the coin goes down. This allows you to buy more when the price drops. Why would you do this? Because as the price drops, you buy more (and a larger number of coins) and more, then when the price turns around, you don’t have to go all the way back to your original purchase price before the overall trade is positive. Stop Loss is a sure way to give away money. I would rather just wait for the deal to be profitable, and it may take weeks/months, so it is better to have a few smaller bots instead of one big bot. With this strategy, using only 1 bot, you could monitor a number of coins, and have an order automatically start when the buy condition is met. Then sell when the sell condition is met. Anybody have any questions? FYI, just a customer, not selling anybody anything. [/QUOTE]
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