Crypto assets

[AndreasMccann]

I’m new here on the forum and just stumbled across this discussion, and wow, you’ve raised some strong points. The idea of mandatory medical NS is interesting, but I wonder if it would really help fix the deeper issues, like how undervalued and overworked nurses are. It seems like a Band-Aid on a broken system, you know?

[Tellugodu]

Since yesterday, I’ve started trading Bitcoin with an initial amount of $1,000. My strategy is straightforward: I place a limit order to buy $1,000 worth of Bitcoin if its price drops by 1%. Once the order is executed, I immediately place a sell order at a 1% higher price, aiming for a 1% profit per successful trade. As I grow more comfortable with the process, I plan to gradually increase the amount I invest. Do you see any cons in doing this? 
Note: I don’t incur any brokerage fees since I work for a crypto exchange and it’s a benefit they offer. CC : @Naaperushiva @csrcsr @Konebhar6

[Bendapudi_english]

4 minutes ago, Tellugodu said:

Since yesterday, I’ve started trading Bitcoin with an initial amount of $1,000. My strategy is straightforward: I place a limit order to buy $1,000 worth of Bitcoin if its price drops by 1%. Once the order is executed, I immediately place a sell order at a 1% higher price, aiming for a 1% profit per successful trade. As I grow more comfortable with the process, I plan to gradually increase the amount I invest. Do you see any cons in doing this? 
Note: I don’t incur any brokerage fees since I work for a crypto exchange and it’s a benefit they offer. CC : @Naaperushiva @csrcsr @Konebhar6

Once buy chesinaka if it goes 5% down what will you do anna, are you putting 100% of account or just a percentage 

[Tellugodu]

Just now, Bendapudi_english said:

Once buy order petinaka if it goes 5% down what will you do anna, are you putting 100% of account or just a percentage 

If the price drops 5% after the buy order is executed, I will Hold and wait for the price to recover. In crypto because of its volatility, I think it does not take much time to get to the price point I purchased. As for the capital allocation, I’m not putting 100% of my account into a single trade. I’m starting with a fixed amount ($1,000) and will scale up gradually as I feel more confident. That’s the reason I only keep 1k into this trading account. 

[Konebhar6]

1 hour ago, Tellugodu said:

Since yesterday, I’ve started trading Bitcoin with an initial amount of $1,000. My strategy is straightforward: I place a limit order to buy $1,000 worth of Bitcoin if its price drops by 1%. Once the order is executed, I immediately place a sell order at a 1% higher price, aiming for a 1% profit per successful trade. As I grow more comfortable with the process, I plan to gradually increase the amount I invest. Do you see any cons in doing this? 
Note: I don’t incur any brokerage fees since I work for a crypto exchange and it’s a benefit they offer. CC : @Naaperushiva @csrcsr @Konebhar6

Decent strategy if you can keep greed and fear under control.

what usually happens is if price drops by 2%. You are at 1% loss. Let’s say it keeps dropping. You will be tempted to add more. If it keeps dropping, it will test your patience. 
Whats your strategy if it keeps dropping?

[Bendapudi_english]

1 hour ago, Konebhar6 said:

Decent strategy if you can keep greed and fear under control.

what usually happens is if price drops by 2%. You are at 1% loss. Let’s say it keeps dropping. You will be tempted to add more. If it keeps dropping, it will test your patience. 
Whats your strategy if it keeps dropping?

He will hold and wait for recovery anadu anna 

[Bendapudi_english]

2 hours ago, Tellugodu said:

If the price drops 5% after the buy order is executed, I will Hold and wait for the price to recover. In crypto because of its volatility, I think it does not take much time to get to the price point I purchased. As for the capital allocation, I’m not putting 100% of my account into a single trade. I’m starting with a fixed amount ($1,000) and will scale up gradually as I feel more confident. That’s the reason I only keep 1k into this trading account. 

Unless you do HFT , 1% ki amatam ante antha profitable undadhu kadha anna, unless you are putting more than 10k

[Tellugodu]

1 hour ago, Bendapudi_english said:

Unless you do HFT , 1% ki amatam ante antha profitable undadhu kadha anna, unless you are putting more than 10k

I'm currently in the testing phase bro. If this works out for me, the plan is to gradually increase the amount. Right now, it's less about earning and more about learning how to play the game the right (safe) way.

[Konebhar6]

1 hour ago, Bendapudi_english said:

He will hold and wait for recovery anadu anna 

The problem is if it drops further, at some point he will avg. It keeps dropping, he will avg more. It will become a rabbit hole.

[Tellugodu]

2 hours ago, Konebhar6 said:

Decent strategy if you can keep greed and fear under control.

what usually happens is if price drops by 2%. You are at 1% loss. Let’s say it keeps dropping. You will be tempted to add more. If it keeps dropping, it will test your patience. 
Whats your strategy if it keeps dropping?

I’ve decided not to add or sell, regardless of whether the price keeps dropping or not. I’m sticking with my sell order for a 1% profit and will wait patiently. I’m confident that BTC will eventually bounce back and hit the price I set for the sell order. It could take a day or even a week, but I believe the market will recover after the dip. I choose BTC for this game, especially because of the volatility (chances of bouncing back is quick, compared to stocks).