There's not just one method for trading cryptocurrency rather there are several some Fashions are more likely to appeal to a person's preferences tolerances and objectives than others are in this video I'll begin by introducing the different styles of crypto Trading but before we begin please take noteThat this video is not a financial advice everything here is being made to share my thoughts and ideas to help you if you're a beginner you must watch these insights before you proceed in your trading journey and if you're a professional Trader please share some ideas and tips in the comment box belowSo we can help our subscribers in their trading Journey number one scalping trading very quickly is the essence of the scalping trading strategy the objective is to achieve consistent profits even if the profits are very small you'll take profits quickly and no cut losses just as quick it's possibleThat you'll execute a trade every few minutes or it's also possible that you'll only scalp a few positions each day you should focus on acquiring advantageous setups rather than any trade at all you should ideally be able to switch between long and short phrases and would thus need to margin trade evenAt 1X leverage so you can short you can however Scout by engaging in spot purchases and sales buying and selling crypto it's possible that this variant will have you by Ether at one thousand two hundred dollars then sell it at one thousand two hundred and five dollarsAnd then buy it again at one thousand two hundred and seven dollars before finally selling it for one thousand two hundred and ten dollars in circumstances like these you might decide to set a tight stop at a price like 1198 you could also have a rule thatSays you have to manually scale out of your position if the trade goes against you if you want to be safe you almost never sit back and allow your positions to run their course rather you keep an eye out for potential profit targets at all times this calls for undividedAttention at all times however if you are skilled at it you can make a lot of money in a short amount of time on paper you can make consistent small gains and those gains can add up quickly however doing this successfully requires risk management and a significant amount of luck or skill tipIf you've educate yourself on the concept of risk versus reward and trading you will have a better understanding of where to put your stops if you are scalping you should almost certainly make use of stops number two day trading day trading is exactly what sounds like it's like scalping but you usually makeTrades over the course of a day instead of minutes a day trader might scalp trade the range or even take short-term position trades all in the same day they trig on the same day because they don't want to keep their position for more than one trading dayYou still use stop losses and scale in and out of positions but you're looking for a little more profit on each tray than a scalper and you're usually more tolerant of volatility and might let some of your positions run number three range Trading kryptos will always have a range inWhich they trade most of the time this range will be a 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 arranged Trader buys at the bottom ofThe range and sells at the top of stops they don't really care if they are buying at the all-time high or the local low because they are just buying with a stop at the bottom and selling at the top or scaling out toward the top whenThere is a range there is clear support and resistance so it makes sense to trade in that range While others trade the breakout or breakdown you focus on making trades in the current range that are profitable and predictable this is a type of day trading or intricate trading of the goal is toTrade the range not to buy into an uptrend or buy after a downtrend number four intraday Trading even though this method is still considered day trading it differs in that it allows for the holding of positions for longer than a single day it's as easy as that Traders actuallyEngage in such practices and there is no rule that says they cannot be profitable there is no such thing as the end of the day in the cryptocurrency market because it is always open the best we get is daily candle closes positions can be automated with software so there's noNeed to manually close a short-term position whenever a predetermined time comes and goes number five swing Trading swing trading is all about locating support and trading to the next level of resistance or more generally selecting an entry and a Target and holding a position until the target is reached orOther exit conditions are met here you will open a position sometimes gradually at what you estimate to be the local bottom AK support and then you will attempt to Hold Your Position until what you believe to be the local top AKA resistance generally gradually scaling out of your position to lock in profitsClearly the logic for shorting is inverted as you aim to short the top of the forming Trend to the bottom typically swing trading occurs over the course of days or weeks this entails assuming a position sleeping on it observing it rise and fall Etc ideally without panickingFocusing on swing trading can make a ton of sense if you have a solid understanding of technical analysis such as if you can analyze patterns and identify probable support and resistance levels swing trading and cryptocurrency is all about finding the bottom of the wave and writing it to the top of long positionsIt is the opposite with short positions depending on the time frame of the chart and the pattern you are analyzing a move can take a considerable amount of time those who effectively employ long and short positions in swing trading tend to earn a substantial profit with minimal effort detecting the pattern maintainingComposure and being willing to use lose on stops requires courage number six position Trading position trading is the investing version of Swing trading here it'll take a long position low or short position high and hold it for weeks months or years this is the simplest trading method but it requires disciplineConsider someone long Bitcoin since twelve thousand dollars were short since twenty four thousand dollars Bitcoin is currently seventeen thousand dollars Bitcoin fell from twenty four thousand dollars to twelve thousand dollars then to seventeen thousand dollars from twelve thousand dollars a disciplined position Trader sat through both eventsAlthough they perhaps scale out of some of their position or reopened positions or perhaps they exited completely when the trend turned against them fully after a considerable drawdown from the top position trading is long-term like investing with the goals to make a killer trade based on Trends in cryptoYou must hold through crazy ups and downs bare and bull markets and good and bad news number seven investing I don't consider investing in trading to be synonymous taking a position and hoping to profit is the essence of trading investing is all about owning an assetAs a store of value with the overarching goal of increasing that value over time Warren and Buffett is an investor he considers buying stock like owning part of a company if you go into Fortune 500 you aren't looking to take profits when its value goes up you're looking to seeMore growth a low price means the company is cheap this is not something a Trader really ever thinks about Investors are more likely to sell a position because they do not like the assets price Direction and they are to sell a position because of its current dollar valueStop loss is not always set by an investor instead they will build a position in the asset and hold it for as long as the reason they made the investment in the first place remains true a true hodler does not need to look at prices or charts unless they areLooking to add to their position at a good price investing is not trading but buys and sells are made and it is important to understand that this style will suit some people have you noticed that while there are different trading Styles the fundamentals for becoming a profitable Trader of the sameYou need patience the right trading style for a person depends on the person do you enjoy this video what kind of Trader do you think you are any thoughts about this content please write in the comments section if you think this video is helpful to you do not forget toSupport us by kindly subscribing to my channel and hitting the like button and sharing this video to your loved ones thank you for watching and I'll see you on my next video