What trading strategy is the best this season?
What trading strategy is the best this season?
With the hopium expected to be at the premium beginning this month (October), it’s the time traders look out for opportunities to win big. I’ve seen so many analysis on different platforms but with less discussion on strategy.
For me, I believe this is certainly not the time for DCA, or swing trading. I rather do some leverage trading, especially on derivatives (of course there’s need to choose exchanges with good liquidity) and employ good risk management including batch trading to periodically take profits.
What’s your thought though?
I believe this is necessary to prepare us for the “summer” haha
The market is not here to satisfy you and all participants. If most of people in the market think October will be Uptober and a chance to win big, you need to know that risk is high too. Be prepared for a Downtober as well and if you ignore this risk, and only think October will be up and chance for win big, you will have risk of bet big and end with big loss.