No-Brainer Ways to Generate HUGE Gains On ProBit Global
In the volatile crypto landscape, 10x, 100x, or even 1000x returns are not unheard of. Crypto assets are high-risk investments, and trading without a plan may lead to less than favorable results.
While the perfect trading strategy doesn’t exist, there are various recognized methods traders can employ. Developing a coherent, unbiased framework can help set you up for success.
Do you want to develop a solid trading strategy?
You came to the right place.
ProBit Global has practiced an ongoing effort to add new trading tool integrations, constantly leveling up the unmatched utility our platform brings. With a refined strategy and a reputable exchange, you are much more likely to achieve your trading dreams.
Since there are endless strategies traders can leverage, we will only cover some of the most common methods. These strategies will reside in two schools of thought: technical analysis (TA) or fundamental analysis (FA).
The Trading Strategy Wireframe
A trading strategy is a systematic procedure a trader uses for buying and selling cryptocurrencies or, in the case of legacy finance, securities. Trading strategies are grounded in predetermined rules, and criteria traders abide by when making decisions.
Strategies may be elaborate or simple, center on value or growth trades, and take into consideration a wide range of factors including:
- market cap
- holding periods
- technical indicators
- fundamental analysis.
Trading plans can help mitigate financial risk through diversification and establish a level of risk the trader is comfortable with.
A well-thought-out adhered-to plan will reduce occurrences of emotionally driven and unnecessary decisions. Easier said than done, yes, but transcending to the level where your trading plan defines how you react and not your emotions is the sign of a mature trader.
In addition to outlining technical and fundamental factors in a trading strategy to observe, traders can go to the lengths of determining a trading schedule, creating questions they ask themselves before trading to assess their current headspace, and trading only in the mid-day as to ensure there is no lingering or festering fatigue.
It may seem extreme, but competent traders will recognize their shortcomings and build a strategy that faces them head-on. They do and more. Personalized guidance can be included in a strategy and should be welcomed if it helps you succeed.
Open-outcry trading calls, the opening bell, and a lowered trading arena are defining characteristics of the physical area in the legacy finance space where equities, fixed income, options, and futures were traded before the proliferation of electronic trading.
Millions were lost or made in minutes, all of which were initiated by vocal outcries across the proverbial arena.
Today, trading floors still exist in a smaller capacity, but the typical trader’s environment looks much different. Crypto traders can be seen making moves on the bus, lounging at home, or in class. Although the vehicle for trading has evolved, the core of the process remains the same.
Day trading may be the most well-known active trading strategy. Day trading involves traders entering and exiting trades on the same day. This term originated in traditional markets where there are predetermined open and close market periods.
However, in the crypto world, where trading platforms are open 24 hours a day and 365 days a year, it refers to entering and exiting positions within 24 hours. Using this approach, traders attempt to capitalize on intraday token volatility to realize gains.
Day trading can be a profitable game but is demanding, requires research, and doesn’t come without stress. ProBit Global boasts a variety of features to make the process of day trading more profitable and manageable.
BitUniverse is one of these integrations that is aimed at onboarding newer traders with an automated system of capitalizing on the minute movements across the market at any given moment.
BitUniverse enables traders to grid trade effortlessly through grid trading, allowing users to place multiple buy and sell orders for a trading pair. When the token drops, the buy orders are transacted and when the token increases, the sell orders are transacted.
Grid traders profit by automatically buying low and selling high.
Grid trading can be incredibly profitable in highly volatile environments, such as with leveraged tokens.
Grid trading with Bituniverse on ProBit Global lowers entry barriers and makes the start-up process significantly less daunting. Couple Bituniverse’s infinite trading utility with a structured plan and technical indicators, and you will be a force to be reckoned with.
Traders can also take advantage of other day trading strategies such as:
Swing trading is a longer-term trading strategy that typically has traders holding for longer than a day but usually no longer than a few weeks or months. Swing traders may consider some fundamental factors, but technical indicators and chart patterns still play a crucial role in strategy formulation.
This trading strategy can be more palatable as the trade results typically take extended periods to play out, offering ample breathing room. Traders benefit from not being pressured into executing quick and decisive decisions but can exercise careful deliberation before making their move.
Scalping is not for the faint of heart.
Characterized by lightning-fast trades, scalpers will attempt to profit from big moves or trends. It is not uncommon to see scalpers opening and closing trades in seconds.
Scalping is often associated with High-Frequency Trading (HFT) and involves a core strategy that will often attempt to profit off liquidity gaps, big-ask spreads, and other market inefficiencies.
One such market inefficiency traders can capitalize on at ProBit Global is arbitrage trading with Hummingbot.
Passive approaches offer traders a less demanding, hands-off approach and are great for traders who do not want to invest time daily to manage and research trades.
ProBit Global’s integration with Hummingbot is an ideal route for crypto traders looking to go the more stable and hands-free route.
What is Hummingbot?
Hummingbot is open-source software that enables the ProBit community to automate market-making services across any of the 1,000 markets available on ProBit Global.
Using Hummingbot, traders can set up automated and fully customizable market-making bots simply by entering your ProBit Global API keys on the Hummingbot Application.
How can I profit with Hummingbot?
Traders using Hummingbot on Probit Global can use a cross-market maker option by placing a buy order on one exchange and simultaneously placing a sell order at a higher price on a different exchange.
This entirely automated process effectively creates an autonomous arbitrage system across multiple exchanges.
Setup is easy and comes pre-populated with simple configurations users can activate. The Hummingbot integration is a defining development for ProBit Global and boasts significant trading utility.
Although an excellent tool for new and experienced traders, the most prominent returns at ProBit Global are a product of the ProBit Exclusive platform.
The ProBit Exclusive platform is designed to allow traders to trade highly anticipated and significantly discounted tokens before their broader market listing. These tokens are available in a liquid market with predetermined market caps.
ProBit exclusives historically have awarded traders disproportionate returns with the biggest returns thus far for traders who participated in the MATIC exclusive and held, leading to over 253x.
The ProBit Exclusive platform has a full pipe with new exciting project discounts every month so stay tuned as the next opportune ProBit Exclusive could be on the horizon.
What Are You Waiting For?
Developing a trading strategy can either be as complicated or as simple as you make it to be. ProBit Global has the tools so that you can craft a tailored plan to your unique levels of risk, time investment, and trade durations.
It’s vital to reiterate that strict adherence to a trading plan is fundamental to its success. Giving in and letting yourself succumb to emotional volatility is the equivalent of tossing your well-structured plan out the window.
Don’t break the rules you set.
If you are especially keen on optimizing your trading program, you could compartmentalize your capital allocation further, diversifying into different trading strategies. This allows diversification even at the highest level and reduced reliance on one tactic. Remember, past performance is not indicative of future success.
Those unbelievable returns you read about could well be in your trading future if you practice diligence, strategy adherence, and effective tool utilization.