Topic: I just want to share my current trading position. (Read 257 times)

I thinj your strategy is good, I suggest researching oax coin. It is very undervalued and has very active gitlab account.

It is really hard to predict the last dump and pump as well. As a trader, we always stay at the middle point from where the market can go up or down. So all the time we have a chance to lose or make a profit. It was a high chance to make a profit when bitcoin was 1800$-1900$. But now it is 2300$-2400$. Since it moves slowly so we can’t predict if it goes up or down at the moment. Personally, I think that it may down again and up again. I mean bitcoin can go up and down for the next couple months or at least 1 year.

We pretty much have the same strategy, the problem with me is sticking to my rules. Always holding extra just in case a particular coin goes up in price. Or not buying hoping it will go down a little more. Another problem is researching, because it's not as simple as a quick read, and when you have hundreds of coins, it's almost impossible to remember everything.

Can you tell me what you are investing in coin and where are you trading? I also want to try your way but in smaller quantities.
Thank you!

I'm not very good at making trader's, it's hard for you to make money from it, pump and dump, you can not control situations. You are wasting your money in vain.

The observing a social networks and other media sites to read the incoming news about the coin improvements which can impact on the prices positively is a good idea in trading. But it seems that you didn't use this acquired information for your correct predicting, since you got the second dip and sustained a losses.

You are very lucky if the coin or token you bough was pumped x10 and you got profits on the high levels.

By this repetition of acts it just seems that OP trust his coins as well as his guts too much like he's more than obsessed. His doings is so risky as we're still uncertain if we can really actually get profit from what we bought. You bought on what you think is dip yet it keeps on dumping so better yet just watch carefully the market before buying again or just buy on a ladder manner.

How do you say this is not a long term plan? Have you lost money or are you tired of waiting. The whole market has been going through the same situation and there are still so many investors who believe in the technology. And right now we have a recovery phase and Bitcoin is rising slowly so despite feeling pessimistic, show some optimism and celebrate your future profit.

none of these matter for profit and trading. the devs and the community,... can be the most active but the price can still continue to drop.

this is the only thing that can lead to a rise. for example being listed on a big exchange like Binance, Coinbase,... always leads to big pumps.

this is a huge mistake. altcoins that are getting dumped are the worst choices for buying. they  can get dumped up to 90-99% losing almost all of their value. and holding until you lose 20% is the worst stop loss that you can ever choose!

i feel like you are gambling not trading.
when trading you have to have a much more solid reason than "it is in a dump"!

a dip can not be bigger than 100% which means going down to 0. the price can't go to negative so the dip can only be smaller or equal to 100%

Share your site and recent coins maybe we can too. Reviews can help ones knowledge since they are implying their experiences. Buying a dip point coin really is risky to the point that you could lose all of that after sometime. I really commend you for enduring all of that.

This is where traders becomes a hodler, when you trap into shitcoins and forget to set you cut loss price. Well, really have no choice but to hold on it. We can't predict the market so having plan like this is great, trading with altcoins is quiet risky now, holding is the best option for now.

It's always good to have a plan. I start with higher time frames analysis and study charts. Active devs are always good but TA is more important imo

and its all about your reasearch than. And  with reaserches comes lots of risks.

1- whitepaper is just a document with words. It can be copierd and change a little. Faked. I can create myown whitepaper in which ill write that tommorow ill be on mt everest.
2-team can be faked with fake twitter account with bought fallowers
3- code - who of us can check if code is ok? How many of currencies have working code now? Most of them are just concept without working product jet.
4- hype can be bought.
5- beeing uniqe dasnt give you certainty of beeing uniqe forever. 1 month after your investment there can be new ICO with better team, bought hype and with working product delivered faster.
6- you are newbie and you did fundamential analys wrong or didnt do at all just jump after hype or because someone said that its great investment
7- there are 1600 coins. More than 1400 wont survive next few years because they are not neseesary. Your decision must be precised and full of luck

1 bounty campaign or airdrop and you have up to 20 000 fallowers on twitter....

and in your strategy you are taking 100% of this risks because even if it dips more you buy. In this strategy you can earn 10% from 4 trades and loose one whole position and your porfolio will be on lost (if it accures to be scam. You also lock your capital. I mean 5 coins - first mistake 1 loosing position 4 are earning - after 2 months still no bounce on first and second mistake. Now you can trade only with 60% of your capital. next mistake and you have 40% to trade and 60% locked with hope to bounce.

I dont say that this is wrong strategy. Its actualy better than most i read here but im only worning you about risks and disadvantages. Its safer to cut loses. Even if in 9/10 situation it will make you waste more. This 1/10 will eat all you earned from not cutting and beeing luck on bounce especialy if you choise low marketcap coins which are much more risky.

Its really ironic that you thought its the last dip but later comes worst.
I'm not really good on reading charts & indicators but i guess you need to learn about it also , and researching about the project activities and upcoming events may help also.

Your trading strategy is kinda weird since you are losing. For my trading strat, I would just find a good coin and try to cut losses when it turns around from me.

I respect your method for the trading. Actually, I got some idea from of your method. After reading your trading idea I have understood that you don't use technical method depending on any indicators. Just you wait for dump and pump using percent. I think, if you add any technical method to your idea then it could be better.

Its not totally long term plan, I will sell it immediately once it gain profit but as of now all coins are down.

Your search method is useful if you want to detect scam cryptos which can be good because scam one means losing all your money.
If you are an expert dealer you can gain even profits from shitcoins but remember that the risks are enormous.
The number of currencies depends on your strategy. If you are planning a long-term investment, I do not think it is a viable plan.

when it comes to trading first I always looking for market capital i preferred low cap than high cap, 2nd I reviewing the activity of devs or the owner of the coin itself, if it is active or not, Im checking the github, twitter, bitcointalk etc..checking on the latest date of their post and looking for upcoming big news or events then i will enter when the coin is in dip position (dump), but nobody can predict when the coin is already on its last dip, that is why every time it goes down between 50% to 60% i always add or buy. I never sell when my coins are dump to greater than 20%.

At this point I'm holding 7 coins. currently first entry of my capital in 3 coins are around 30% lose, but I added capital when it was dump in 50%, therefore 2nd entry are around 20% gain. The other 4 coins are 15 to 20% loss waiting for 50% dump in order to add more but as of now all my coins are stable losing 1% to 6% sometimes gaining at the same rate everyday.



I bought those coins 15 days ago, I thought it is the last dip


Hi all, those coins are almost x10 dip from its price (correction) so for me Its okay to hold it as long as I bought it in dip point.

this is my strategy since 2015. and I already cash out a lot of money. Im buying when I think that the coin is already dip but as a precaution i save some capital just in case it will dip more. because nobody knows where or when is the lowest price.