Today, I will be sharing with you a personal, degen trading strategy that has proven to be profitable 100% of the time so far.
Crypto trading is arguably the fastest way to make a lot of money in a very short period of time.
But it’s equally the easiest way to lose it all if you don’t know exactly what you’re doing.
In theory, it looks very simple. All you have to do is “buy low, and sell high”, but that’s easier said than done.
However, if you’re disciplined, and follow a proven strategy, you will be successful.
I have been trading using this degen trading strategy for the past few months, and I have not recorded even a single losing trade so far.
In fact, it’s nearly impossible to lose money, with this degen trading strategy, except of course you choose to.
The degen trading strategy is similar to my previous trading formula which I talked about in this post:
So without much ado, let’s take a closer look at my newly found degen trading strategy that is so simple anyone can use it to start making money from today.
What is the degen trading strategy?
This trading strategy is called “degen” because it doesn’t require you to do any kind of analysis in order to determine what coin to buy, and when to buy it.
You simply buy the coin or token that has recorded the biggest loss on the exchange over the past 24 hours.
Preferably, you should buy as close to the end of the trading day as possible. Most exchanges close the day at 11:59 PM (23:59) UTC time.
Yes, I understand that crypto has no opening and closing hours.
However, exchanges need to apply a time frame for evaluating price actions and they use 0:00 am to 11:59 PM (23:59) UTC as their opening and closing hours.
Regardless, I would buy a 25% discount any time of the day.
This trading is extremely blind and risky. You’re kind of taking a blind risk by buying a coin simply because it’s the biggest or among the biggest loser(s) of the day.
At the same time, the strategy is nearly 100% loss-proof.
The reason why that is possible is that the coins you will be “blindly” trading are coins with good fundamentals.
Coins that a 15% to 25% drop in their prices within any 24 hours period is a good buying opportunity.
Exchanges where this strategy is most effective
This trading strategy is easiest to execute on Bityard Exchange and I will tell you why.
It’s basically a cryptocurrency exchange that allows you to trade the crypto spot and futures market, the Forex market, traditional stock market.
We chose Bityard as the recommended exchange for implementing this strategy because of the assortment of coins listed there.
Coins available on Bityard
As of today (November 24, 2021), there are 247 different cryptocurrencies listed on Bityard.
And all of them are coins with solid fundamentals or “respected shitcoins” (like DOGE and SHIB) at worst.
Coins you would be confident that a double-digit price drop within any 24 hours period is a perfect buying opportunity.
How to apply the degen trading strategy
First, you need to register, login, and fund your Bityard Exchange wallet.
Remember that Bityard supports multiple trading markets such as forex, futures, stocks, spot, etc. We’re only applying this strategy to trade the crypto spot market.
So with that out of the way, look for the coin or token with at least a 10% to 35% (or more) loss within the past 24 hours.
You can use the filter to display the biggest losers first as shown in the screenshot above.
As you can see, the biggest loser today so far is EGLD.
It has had a nice run over the past 3 days and this drop could be just a correction before the next pump.
However, I may not be buying EGLD immediately at the current price above as I believe it could go down lower, plus I’m more comfortable with buying at the -15% dip or lower range.
I would usually market-buy or set a limit order very close to the current or my targeted price and wait for it to fill
Once bought, I will usually place a sell order immediately with my desired profit margin and wait for the market to do its thing.
Personally, I would set my sell order at a price that is 10% to 25% above my buy price.
This seemingly low-profit target allows me to sell faster, take my profit, and move on to the next trade.
It’s possible that the price will keep going down after you’ve bought it.
In that case, you will have to switch to HODL mode or lower your profit target to something in the range of 5% to 10% so that you may sell faster and free up funds for the next trade opportunity.
But under no circumstances should you sell below your buying price.
More so, if your account size is big enough, you can buy more of the coin at 5%, 10%, 15%, lower than your first buy price.
So as it dips further, you DCA (dollar cost average) in to lower your average buy price and book bigger profits when the market reverses.
Your ability to be patient and HODL through until you hit your profit target is what gives this degen trading strategy its 100% success rate.
Bityard is a relatively young crypto exchange. But it’s the perfect place to implement the degen trading strategy because they list only high-quality coins.
Yes, you can use this degen trading strategy on other exchanges, but you will most likely be buying shitcoins that may never pump again.
But on Bityard, you’re sure that given enough time, the coin will rise again and you will be in profit. All you have to do is set a reasonable profit target and wait.
I have tried it on Binance and other exchanges had to cut my losses most likely the chances of falling victim to shitcoins and scam coins are higher.
PS: Trade only coins you’re willing to HODL longer if the market moves against you or you did not hit your sell target fast enough.