Topic: Single pair trading or double pair? - page 4. (Read 423 times)
Try to do both of it and see how effective you are with either of it. We're not the same as we trade and results really vary as per trader. You have to look it at your own experience which is more profitable to you. So if you're good with the first pair and it's profitable then try to stay there for a week or so and then if it's no longer profitable, change your strategy and do the other. In the end of it, it's still how you trade, how you analyze and decide per trade you do.
You must have more options to choose when you trade, you can analyze many and if you decide to just focus on one, that’s also possible. If I’m too busy to monitor the market, I just trade on one coin but I never put my money all in because I know the risk of it and it can burn my money if I made a mistake. Trading is not that complicated if you know what to do, set up everything now and trade positively.
I will advice you to go for single pair first,I noticed the coins prices go in the same direction which will make the result to also likely similar, but having too much coins can be somehow, why not just study one coin very well like bitcoin and use it to trade. I only prefer just one coin because I noticed they all move together in one direction, I mean all the coins, I will advice you to go for only single coin pair.
You can do both considering you analyze the market very well since you are trading I assume you are knowledgeable enough so there’s no reason to limit yourself.
Though in trading, we don’t always go all in so better to still diversify and appreciate every small wins because in long term, if you did this consistently you can still be profitable. Its ok to win small consistently, just be patience because that small profit will become big once you use it again to reinvest.
Though in trading, we don’t always go all in so better to still diversify and appreciate every small wins because in long term, if you did this consistently you can still be profitable. Its ok to win small consistently, just be patience because that small profit will become big once you use it again to reinvest.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Do I need your sincere advice?
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