Topic: Dumping $5000 a week for trading? (Read 81 times)
You mean lose $5000 in aweek? in my opinion this is depend how many persentase you was lose, if you just lose lets say 10% of your capital you can cut loss ASAP and buy back at lower price, but if you loss until 50% for the just wait for bullish market because i believe will be any times for market for ATH like before.
What are you thoughts on dumping $5000 a week on trading alt coins? Once a coin loses momentum dump it for $5000 and buying a different coin?
If you believe your strategy would work then do it, some people cut loses to transfer to a more potential coin, you do that when you area day trader or a short term trader. By doing that, you have to ensure you made a complete analysis that your strategy will favor you and make you
profitable in the end.
As you know if you are going to invest your money in altcoin then you have to aware about that specific coin and also you have know basic information of the coin like who is behind project? What is total supply? What is the future use of coin etc... Then you can invest it... Crypto trading is very risky you have to watch price all the time... Also you dont need to put all your money at the same time in the coin... First you need to put 25 percent and when price keep going down then again you can put your 25 percent for back up your loss... After that 10 percent put it if still its going down... And so on and on.... Through that way you can minimize your loss and once price keep increasing its make you good profit. But you need to wait untill price increases... Patience is the key of success in the Crypto word...
That's what my thoughts on trading in altcoin....
That's what my thoughts on trading in altcoin....
What are you thoughts on dumping $5000 a week on trading alt coins? Once a coin loses momentum dump it for $5000 and buying a different coin?
In my point of view, we can't do it on a fixed time frame because sometimes we may need more time to earn a decent profit after the investment. So if you don't set any fixed time frame then you will not sell at loss otherwise sometimes you may lose money from these trades. Around 10% of my investments used for short-term gains similar to this but I will not fix time to sell instead sell when I make at least 10% profit on these coin investments.
What are you thoughts on dumping $5000 a week on trading alt coins? Once a coin loses momentum dump it for $5000 and buying a different coin?
What do you exactly mean? Dumping and taking $5K profits a week? If that is the case then Yes, you can do that as shift your funds to other coins that has the potential to grow. Actually I myself, have been using that method although, not as big as $5K. If I think that I already gain what is to be my expected exit strategy then I dumped it, move to other coins and then rinse and repeat.
What are you thoughts on dumping $5000 a week on trading alt coins? Once a coin loses momentum dump it for $5000 and buying a different coin?
it does not matter if you throw $ 5000 to buy altcoin but make sure the altcoin has a good and stable price because you can use ping pong trading to get the price. so do not get stuck on a cheap and low-priced coin because it will only get a loss.
What are you thoughts on dumping $5000 a week on trading alt coins? Once a coin loses momentum dump it for $5000 and buying a different coin?
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