Jun 18, 2021
Automated Portfolio Trading
Cryptocurrency buyers who want to do more than buy and hodl have many trading options available, but a defined strategy is key to success in a highly volatile market.
For traders who want to stay ahead of the curve, there are strategies. Otherwise, you’ll be buying based on FOMO — fear of missing out. And if you’re following the herd, you’re generally buying high and selling low. In this article, we will tell you about some common trading strategies compared to TeraBlock automated portfolio trading!
Let’s have a look at some trading strategies.
Day trading
Day traders invest based on complex strategies in a timeframe of minutes to hours, but they’re out of the market at the end of their day, forgoing potential gains to avoid losses.
Day trading is high-stress but also comes with a cut-off. Day traders generally set a defined “day” in the 24-hour crypto market and close out their positions by that time. So while it does come with high risks, wild overnight swings are not among them. While that means missing out on significant gains, it also means avoiding big losses.
Trend trading
Trend trading is just that: Analysing data to find mid-to-long-term trends that suggest a cryptocurrency’s price is heading up or down and when the direction is about to change.
Trend trading is a longer-term strategy that uses various analytical tools to predict if a cryptocurrency’s price is heading up or down over a matter of months at least. It seeks to ignore short-term price movements by focusing on technical analyses like indicators (patterns in historical data such as price, volume, and open interest) and price action (the up and down movement over time).
Swing trading
Swing trading is a beginner-friendly strategy that focuses on finding medium-term patterns in the days-to-weeks range.
It’s a good place for beginners to start, as it does not require the constant attention of day trading nor the discipline to hold a position as long as trend trading. That said, it still offers plenty of profit potential without the need to act immediately.
Scalping
Scalping is a high-intensity, high-frequency, and complex trading strategy that involves making many small profits from market inefficiencies rather than asset performance.
Scalping is one of the quickest and most demanding trading strategies as it requires swift moves designed to take advantage of market inefficiencies to make minimal profits repeatedly. One of the most common is taking advantage of the bid-ask spread, which is the difference in price between the highest buy order (bid price) and the lowest sell order (asking price).
TeraBlock offers Automated Portfolio Trading!
This product is suitable for users who have a basic knowledge of trading. Users can drag and drop cryptocurrencies listed on the exchange to create their portfolio, select an existing trading strategy or develop a set of trading rules to buy and sell for profit or stop loss. With a click of a button, view the portfolio’s past performance.
Once the portfolio is created, our Machine Learning based trading algorithms manage the entire portfolio without the user’s intervention. Users can choose USD or BTC maximisation.
Whether you have a question about our products, features, or anything else, our team is ready to answer all your questions. Please feel free to get in touch with us on our Telegram Community Chat.
TeraBlock official links:
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