Hi Guys,
For active traders who are monitoring the charts daily for long hours, I am curious to know what you do when you see a coin rising swiftly. Do you jump on the wagon immediately, wait for a pullback or just watch it go and crash and be happy you didn't get lured into it?
There are times I checked coins who are breaking barriers here:
https://coinmarketcap.com/gainers-losers/However, I also try to look deeper as what is the reason behind the sudden peak, if I see that there are good news around that might have caused of the pump then I slowly try to jump with small amounts only and see how it goes for me.
If in the next couple of hours the price continue to go up, then I bought few more coins, but it is started to decline then I immediately exited because I don't want to be trapped. Its really hard unless you have some insider information which we know is impossible in the market. Just be careful though with this method, because you really need to spend a lot of times monitoring the price so that you can mitigate the risk.