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How would you call a strategy?

  • 14-03-2024 7:22pm
    #1
    GerbertPhills
    Registered Users, Registered Users 2 Posts: 3 ✭


    I am using a certain strategy, which is not exactly DCA and not exactly Grid trading. 

    Does anyone know if there is a strategy that follows these actions:

    - Buy BTC and try and to sell with +2%. Profit from volatility.

    - NEVER SELL at loss. If BTC went down, just wait for it to come back, weeks, months, years.. HODL. This way you never lose, if you believe that BTC will always get back up (which I do).

    - Divide your budget to 10 steps, so that you can activate each step if BTC rate goes down and you are stuck (let's say if it goes down from 650000 to 60000 you activate next step, then from 60000 to 55000 and then every 5000 so on until the rate drops to 20000, which I don't believe it will fall lower than that so it's fine to me) so that you can keep trading on volatility doesn't matter the price of the BTC at the moment.

    My goal is not to maximize profits and speculate on BTC rate, but to always profit from volatility no matter the current BTC price, this way providing a more or less stable income.

    I am just looking to know if someone else is using the same and if there is a name maybe for such a strategy?

    Thanks

    Tagged:


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