Topic: Buy 5 coins and wait till each of them grows 10%, then sell - page 2. (Read 648 times)
what if the price never goes up by 10% ?
You are not trading, you are gambling here @Op.
Why don't you use your €1000 in a sportsbet with 1.10 odds? Win 5 bets and you will be in 50% profit of €2500.
Your trading style looks the same, you are randomly picking some 'good' coins which crashed and will recover. Let me give you my pick of the year, buy bzrx with 30% of your capital, link with the next 30%, waves with 20% and keep 20% safe in btc for your expenses.
Why don't you use your €1000 in a sportsbet with 1.10 odds? Win 5 bets and you will be in 50% profit of €2500.
Your trading style looks the same, you are randomly picking some 'good' coins which crashed and will recover. Let me give you my pick of the year, buy bzrx with 30% of your capital, link with the next 30%, waves with 20% and keep 20% safe in btc for your expenses.
This is not a strategy and a very simplified version of buying low or selling high. The idea is always to sell at a higher price and the previous prices can't be available for trading for a long time. I don't think it is a smart trading strategy waiting years for making a 10% profit, at least impatient investors will not wait more than 3 months. In the worst case, the altcoins purchased for a long term HODL will disappear before the altcoin season. There is no need to risk the hard-earned trading capital for such risky strategies because it can blow up the trading account faster than we planned, unfortunately.
Now, when you are willing to wait to finally get a profit of +10%, then it would be better to make a long-term hold plan because in addition to getting a higher profit, basically you are already willing to wait. It doesn't matter if you have a lot of capital or money, because the problem is that not all traders have a large amount of capital so they are bound to look for new projects that will basically provide quick returns. So in this case, when you choose the top coins with a large amount of capital you have, basically it promises to be a profit even though indeed, patience is needed to be able to generate higher profits.
Theoretically speaking it makes sense but if we apply it on the cryptomarket it would be pretty bad since each altcoin has a different reaction to the market and the chance to take a loss is high. There are many altcoins out there that declined hard and don't get up to the crash. And I think it is not worth spending the time researching for your top 5 alts vs staying on the best that you think has the possibility to make you a profit.
Portfolio diversification is a good idea but the 10% thing is not really that good, at least I do not see it as a good thing, I would suggest that having some sort of goal to get out is a good idea but this %10 thing would make your portfolio change all the time and wouldn't really help you at all because %10 is not really a big increase.
What you should probably focus on would be to buy 5 coins, distribute them equally or however you see fit, and wait for them to go up enough that you think you can cash out and remove yourself from all of this. At the end of the day if you are getting only a small amount of money and nothing substantial, I do not really see the point of making these type of decisions and investments for only a small gain that would mean nothing.
What you should probably focus on would be to buy 5 coins, distribute them equally or however you see fit, and wait for them to go up enough that you think you can cash out and remove yourself from all of this. At the end of the day if you are getting only a small amount of money and nothing substantial, I do not really see the point of making these type of decisions and investments for only a small gain that would mean nothing.
Have you decided on what altcoins will it be?
I mean, that is the first thing you should do.
Filter the ones who are really moving at percent every week or month then check if they really good coins.
I prefer the old ones of course.
It's a good strategy but what if 3/5 will be on the losing side because of wrong picks?
You should also have a backup strategy if ever that will happen.
I mean, that is the first thing you should do.
Filter the ones who are really moving at percent every week or month then check if they really good coins.
I prefer the old ones of course.
It's a good strategy but what if 3/5 will be on the losing side because of wrong picks?
You should also have a backup strategy if ever that will happen.
When you read it looks very easy but the reality is different. At the moment it is possible cause of the nature of the market now. Be careful make good picks it only depends from that.
This "strategy" of yours will completely depend on if you can actually pick the right coins to buy; which is like 90% of the challenge. It might sound easy on the surface, but it's definitely going to be a lot harder than it seems.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
Waiting weeks won't even be your problem as a lot of existing coins don't even go back up in price after crashing.Moreover, its even hard to hold them when they are crashing. Most of the people are victim of FOMO and they think this is the point below which they can't hold up the loss and they panic sell. If it would have been that much easy then this market will be much stronger than the current one. What I mean is, if everyone was capable of holding the position then market would have flooded with lot of capitalisation making them very stable. However, that's exactly opposite to what we see these days and hence open market -> more volatility. Reaching to 10% change could take lot of time, sometimes it may even drop harder to overcome your break even point and then back to 10% profit. So do it wisely man
Not a very sound strategy for high volatility products, you can make 10% in 3 or 4, but the remaining 1-2 can incur a 90% loss, in which case the strategy would yield a massive loss...
A more viable alternative can be to leave your upside open and focus on altcoins that have the potential to make exponential returns, this might make a 99% drop in value still an acceptable reward to risk ratio...
A more viable alternative can be to leave your upside open and focus on altcoins that have the potential to make exponential returns, this might make a 99% drop in value still an acceptable reward to risk ratio...
You working very well man. Your idea is almost ok. I also looking for best currencies and want to trade. I found yet only 2 currencies where i have invested. In month there price goes up to 20% but i am waiting for 100% then i will choose another. Top exchanges and top wallet own token is best for trading.
Hey guys,
I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
This is a strategy that has never been overestimated. It's too rudimentary and has no security for your portfolio.I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
Try for example applying your strategy to the Sushiswap token, otherwise luckily you buy at $ 7 and now its price has dropped to $ 2.28. So your assets have been divided 3 times and your capital is still buried for 3 months up to the present time.
Obviously this is a very bad strategy because without a stop loss the market can be very volatile and we will never be sure where its price will be tomorrow. So before a good trade, risk management is very important, spend more time learning it bro
Using stop loss will be better to anticipate the drops of the price that can happen at any time. But that will need more lessons to learn when we should use the stop loss, so we don't get too big a trading loss. We can't predict what will happen to the coins, whether it will bounce up or go down after we bought. But if the price is down and the down is more than the price you bought, perhaps, you need to prepare to use that stop loss to anticipate another drop.
Yes, I agree that risk management will be necessary at that time to anticipate the drops. Besides that, you need to know how much money you can use to buy the coins to see what you need to do if the price is down.
The results will still be dependable based upon the choices of 5 coins you will buy because it is still dependent if you have chosen the right coins and have spent wisely the budget you have allocated on buying those coins. The strategy you have is just a simple trial and error if you will simply think of it. It could work or not depending on the coins you have bought but still there is no assurance that you can be successful by doing that. You can do pursue it and learn your lesson but still it would be a wise spending if you will get yourself familiarize first on the coins existing in the market to help you out on deciding which coins are worthy of your expenses and will give you profit once and for all.
A scam coin with fake project would only makes you have a never ending to wait. A coin that are on its peak will take you ages, a coin with high market cap won't move that quick and required years... So yeah it's depends on what coin you choose and there's no guarantee for you to get that 10% target especially if you doing it randomly.
A technical and fundamental analysis would always be better required, otherwise things will feel like gamble.
Hey guys,
I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
This is a strategy that has never been overestimated. It's too rudimentary and has no security for your portfolio.I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
Try for example applying your strategy to the Sushiswap token, otherwise luckily you buy at $ 7 and now its price has dropped to $ 2.28. So your assets have been divided 3 times and your capital is still buried for 3 months up to the present time.
Obviously this is a very bad strategy because without a stop loss the market can be very volatile and we will never be sure where its price will be tomorrow. So before a good trade, risk management is very important, spend more time learning it bro
The results will still be dependable based upon the choices of 5 coins you will buy because it is still dependent if you have chosen the right coins and have spent wisely the budget you have allocated on buying those coins. The strategy you have is just a simple trial and error if you will simply think of it. It could work or not depending on the coins you have bought but still there is no assurance that you can be successful by doing that. You can do pursue it and learn your lesson but still it would be a wise spending if you will get yourself familiarize first on the coins existing in the market to help you out on deciding which coins are worthy of your expenses and will give you profit once and for all.
This is no different from the buy low and sell high strategy but most importantly you have to minimize the risk and always do your own research to the coins you have to invest. It may not be that easy but considering the top coins in CMC is your best choice. I don't really recommend altcoins since once the hype is gone they are good for nothing or just good only for pump and dump strategy.
I agree with the trading strategy in the opening post, because buying 5 potential coins can optimize profit.
But the most important thing is you have to be able to choose coins well, don't choose the wrong coins,
there are losses experienced can also be much greater than buying 1 coin. Therefore, in trading, good
analytical skills are needed, so we won't buy shitcoins.
But the most important thing is you have to be able to choose coins well, don't choose the wrong coins,
there are losses experienced can also be much greater than buying 1 coin. Therefore, in trading, good
analytical skills are needed, so we won't buy shitcoins.
Hey guys,
I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
I can imagine it sounds like a basic strategy for experienced traders..
Please share your thoughts!
Thanks
Since it seems that it doesn't matter to you when to enter the market and your strategy is hardcoded to get out of the coins in which invested when they grow 10% then the success or failure of your strategy will depend entirely on the coins that you select to perform the strategy, just a warning, if you decide to try the strategy with coins out of the top 20 there is no guarantee at all that you are going to recover your money.I am new in the crypto trading and i was analyzing the biggest currencies and I had the following strategy:
Buy 5 coins for 1000EUR each => wait till each of them grows 10% => sell.
If it went down, I still wait until it will go back up +10%. It's ok if it will take weeks.
From my analysis (correct me if I am wrong) it almost always does after a while.
If one of them didn't after a long time, the other 4 should compensate for the loss.
I can imagine it sounds like a basic strategy for experienced traders..
Please share your thoughts!
Thanks
Now even if you perform that strategy with the top 20 coins in the market that is still not a guarantee but at least your chances are better, however your strategy is going to depend a lot in the cycle of the market in which you happen to make this investment, if you happen to invest at the peak of the movement of the coin then you are not going to have to wait weeks to get that 10% you will probably have to wait for years.
When you said buy 5 coins, what are the five coins. And why did you said that? I also read, one of the point you made, that when the coin comes down that you will wait till it goes up again so you can sell. Let me now ask you some questions, have you not seen where a coin will go down and it will never comes back up again. I can mention hundreds of coins like that that I know. They went down, never to come back again. Some even close down. So when you want to do that, do it with discreesion. Make sure you do it with established coin.
*this idea is certainly very good, but which five coins do you mean???
playing ping pong *the current term in trading is very good, Bitcoin price moves up and down and some Altcoins follow. profit 10% sell then buy again when the price goes down, slowly but surely very profitable.
playing ping pong *the current term in trading is very good, Bitcoin price moves up and down and some Altcoins follow. profit 10% sell then buy again when the price goes down, slowly but surely very profitable.
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