Topic: Trading profit - page 2. (Read 1688 times)
Do you look at hourly, daily or weekly indicators for you bitcoin trading?
Also in my experience (not alot) when coins are rising very quickly (read too quickly) i assume they are going to crash and i don't buy, rather sell at high point.
Anyone any comments on what im doing?
Yeah, don't buy coins that have grown very quickly in the last days, it is much likely that you are already late when you hear about that. Don't buy when they are losing momentum.
I noticed that many coins with a low market cap (junkcoin, sexcoin, BBQ, enz) occasionally undergo pump and dumps. I am now buying these coins right after a pump and dump when the price is low and immediately put a sell order at 30% higher of what I bought them for in the hope there will be another pump and dump and my order gets full filed
Not sure if this strategy works though.
Not sure if this strategy works though.
On Bitcoin I do short term, I use indicators such as StochRSI and MACD and I rarely fail.
For Altcoins I do Long term, beacuse there is not a webpage where I can use StochRsi or MACD, so I feel like I was blind for the short term. I do my reaseach on every coin before investing. I do not invest in pre-mined coins, infinite coins (like devcoin), coins with bad reputation (like Quark), and I try to invest in coins that are worth less than .0001BTC because I've seen that's the average price for many altcoins, so I invest hoping to cash out at that price.
I'm also a miner and my strategy is to mine the coins that have less than a week of life and then sell them 6 months later but if I see the coin has potential or a huge community I also buy and trade for the short term. For example, I bought 2 million Dogecoins when they were worth 10 Satoshis and sold them when they were worth 200 satoshis. That's something like 2000% return.
Furthermore, I do some "arbitrage" when I'm bored. xD
For Altcoins I do Long term, beacuse there is not a webpage where I can use StochRsi or MACD, so I feel like I was blind for the short term. I do my reaseach on every coin before investing. I do not invest in pre-mined coins, infinite coins (like devcoin), coins with bad reputation (like Quark), and I try to invest in coins that are worth less than .0001BTC because I've seen that's the average price for many altcoins, so I invest hoping to cash out at that price.
I'm also a miner and my strategy is to mine the coins that have less than a week of life and then sell them 6 months later but if I see the coin has potential or a huge community I also buy and trade for the short term. For example, I bought 2 million Dogecoins when they were worth 10 Satoshis and sold them when they were worth 200 satoshis. That's something like 2000% return.
Furthermore, I do some "arbitrage" when I'm bored. xD
Well i'm checking to forum alot and get alot of giveaways.
Also when a coin is just released i start mining it, altho i have 20kh/s, in the beginning i can get some coins.
So i stock up on multiple coins in hope they will be something later, and do some research wich coins have good devs and idea's
I also bought coins at high price before drop so i lost some money there, you learn from it. Buy low, its an art.
Also in my experience (not alot) when coins are rising very quickly (read too quickly) i assume they are going to crash and i don't buy, rather sell at high point.
Anyone any comments on what im doing?
Also when a coin is just released i start mining it, altho i have 20kh/s, in the beginning i can get some coins.
So i stock up on multiple coins in hope they will be something later, and do some research wich coins have good devs and idea's
I also bought coins at high price before drop so i lost some money there, you learn from it. Buy low, its an art.
Also in my experience (not alot) when coins are rising very quickly (read too quickly) i assume they are going to crash and i don't buy, rather sell at high point.
Anyone any comments on what im doing?
He all,
I am quite new to the whole crypto scene and I am curious what kind of strategies you use for trading alt coins and how much profit (or loss) you had so far. I have been terrible (75% loss, bought Megacoin and Quark at their peak) and I am looking for some tips.
-which indicators do you use to decide to buy or hold?
-are you in long term or short term?
-do you go for the latest coins or the more established ones?
-any other strategies (arbitrage pump and dump)?
Reveal your trading secrets!
I am quite new to the whole crypto scene and I am curious what kind of strategies you use for trading alt coins and how much profit (or loss) you had so far. I have been terrible (75% loss, bought Megacoin and Quark at their peak) and I am looking for some tips.
-which indicators do you use to decide to buy or hold?
-are you in long term or short term?
-do you go for the latest coins or the more established ones?
-any other strategies (arbitrage pump and dump)?
Reveal your trading secrets!
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