What Kind of Trader are You?

Ang Crypto Trading ay isa sa tinatangkilik ngayon ng masa. Ng buong mundo hindi man lahat. Maraming nag kaka Interest dito.

Cryptocurrency Trading has been known in this pandemic. This people are jumping in without knowing well maybe without knowing this kind of trades exist.

Scalping

Scalping is all about make very quick trades, the whole of the goal is to make constant profits (even if the profits are very small). You might make a trade every few minutes. Ideally you’d want to be able to go long and short (and would thus need to margin trade, even at 1x leverage, so you can short). However, you can scalp by spot buying and selling (buying and selling crypto).

Summary tagalog: Samadaling salita ikaw ay bibili at mabebenta ng madalian kahit kunti ang iyong kinita.

Day Trading

Day trading is just what it sounds like, it is like scalping, but instead of making trades over the course of minutes, you make them over the course of the day.

You still use stop losses and scale in and out of positions, but you are looking for a little more profit on each trade than a scalper.

S&T: Kamukha lamang ng scalping pero eto ay ginagawa ng isang buong araw.

Range Trading

Cryptos will constantly define a range they are trading in. Generally this range will be a type of consolidation (either accumulation, big players getting more coins for the next leg up, or distribution, selling coins at a high before the big players let the market drop).

A range trader trades the range and sets stops, they don’t really care if they are trading the range at the all time high, or trading the range at the local bottom, as they are simply buying the bottom of the range with a stop, and then selling the top of it (or scaling out toward the top).

It is a type of day trading, but the goal is to trade the range, not to buy into an uptrend, or buy after a downtrend, etc.

S&T: Eto ay bibili sa dip at mag bebenta sa bull run

Swing Trading

Swing trading is like trading a very large range. Here you will open a position (sometimes gradually) at what you calculate to be the local bottom, then you will aim to HODL your position all the way to what you believe to be the local top (generally gradually scaling out of your position to lock in profits). Obviously, it is the reverse logic for shorting, you aim to short the top of the forming trend to the bottom.

Swing trading is generally done over the course of days or weeks. That means you’ll be taking a position, sleeping on it, watching it go up and down in waves, etc… all without panicking.

Check this article of @thesatoshistore to help you understand FA and TA here's the link: https://read.cash/@thesatoshistore/fundamental-analysis-vs-technical-analysis-all-you-need-to-know-af5be808 a lot more in his wall so check it out.

S&T: Eto naman yung klasi na bibili ng malakihan at mag aantay ng isang lingo o higit para kumita ng malakihan ( eto ako ) kilangan mo lang na sapat na kapital para dito.

Position Trading

Position trading is like a zoomed out version of swing trading or like the trading version of investing. Here you’ll try to build / take a long position low or short position high and then stick with that position for weeks, months, or even years.

This is the simplest form of trading, but it also takes a lot of discipline. Consider someone who has been long on Bitcoin since $5k or short since $12k (the price of BTC is currently $8.3k). Bitcoin has gone to the high $5ks from $20k, and to the high $11ks from that high $5ks low. A disciplined position trader likely sat through both of those events (although they perhaps scaled out of some of their position or reopened positions).

S&T: Dito naman ay bibili ka sa dip ang iyong pang hahawakan ng matagal hangang makamit mo ang iyong sell position.

Investing

I don’t consider investing and trading to be the same thing. Trading is all about taking a position and aiming to take profit. Investing is all about having ownership of an asset as a store of value with a very general goal of increasing that value over time.

Warren Buffet is an investor. He considers buying stock like owning part of a company. If you own a fortune 500, you aren’t looking to take profits when its value goes up, you are looking to see more growth.

Investors are more likely to sell their position because they don’t like the direction of the asset then they are to sell their position due to its current dollar value.

An investor isn’t necessarily going to set a stop loss. Instead, they will build a position in the asset and stick with their investment for as long as the reason they made the investment in the first place is true.

An investor is a true HODLer, they really don’t need to look at prices and charts unless they are looking to add to their position at a good price.

Investing is not trading, but ultimately buys and sell are made, and it is important to understand that this style will suit some.

S&T: Di eto mga trader. Pang matagalan ang gusto pero malakihan din ang kita.

cc: Cryptocurrency Facts

Not mine and I gathered for us to know specifically those new or just an amateur like me. I give my little understanding highlights with underlines.

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