Topic: Trading help? (Read 326 times)
This is the hardest part of trading we do have our different ways and analysis on doing trade which would work for me and wont work for you. Trading altcoin or even on bitcoin does really require some serious observations about its potentials on rising up its price. Losing money on shitcoins cant really be avoided and im sure everyone do really experience such loss.
I recommend you put most of your money in the biggest coins: BTC, ETH and XCR. with the rest of your money, buy into new Altcoins because they have the potential to explode and make ridiculous profit. High trading volume won't prevent losses though unfortunately. Your best bet is to follow your risk management strategy to improve your odds of making profit and not loss.
just investing in the coins that have higher volume doesn't mean you won't lose money.
the key in trading altcoins is timing. because majority of them have a very short rising time and for the rest of their lives they will be going down or staying there with small bumps and dumps.
you need to find the perfect time for entering each of these altcoins. find the price that you think is the bottom and start placing some orders. then after the buy orders were filled you have to immediately start thinking about when you want to sell, never bag hold and altcoin, dump it as soon as possible if you want to guarantee a profit.
the key in trading altcoins is timing. because majority of them have a very short rising time and for the rest of their lives they will be going down or staying there with small bumps and dumps.
you need to find the perfect time for entering each of these altcoins. find the price that you think is the bottom and start placing some orders. then after the buy orders were filled you have to immediately start thinking about when you want to sell, never bag hold and altcoin, dump it as soon as possible if you want to guarantee a profit.
Hi everyone i decided that I'm going start trading with a higher amount now so i needed all your fellows helps. The amount would be from 0.4 btc to 1 btc max. Now what i was planning is use half of the amount in a lower price buy order and with rest amount buy as much as i can for a decent profit. Now i have traded in past with all the useless coins so i decided not to risk such a high amount and instead trade only on trusted coins like xmr , dash , eth , maybe ripple and all the top alts which have high trading volume to prevent futher loss.
If you guys have a better strategy please do share with me or any suggestions to my strategy would help. I'll mostly start from sunday if not whenever i start ( mostly by this week) i will post my results.
If you guys have a better strategy please do share with me or any suggestions to my strategy would help. I'll mostly start from sunday if not whenever i start ( mostly by this week) i will post my results.
Jump to: