The Key To Altcoin Trading. (simple!)
First off I want to tell you guys i will not be doing the trade series blog anymore, i trade too often for me to keep track of.
This is my strategy for altcoin trading. 3 days ago i had 12$ in bitcoin and now I have 38$. Imagine if i was trading with 1,200$!
- Only buy altcoins that have dropped more than 10%, the coin is bound to go back up because it is in the buyers market after the drop. it works almost every time.
2.Never buy altcoins that are rising. I say this because they have a high chance of having a big sell off. If it has risen more than 10% i would stay away from it.
3.Only trade with coins in the top 50. usually coins that are really low are just pumped for no reason and get drained quick. one day they have 150,000$ in volume then 500$ in the next 2 weeks(actually had an experience like this).
I hope you make some serious profit after this post. Steem on!
It's that simple, thats how you increase your chance to profit on altcoins
You got it right.
Altcoins, beware !!!
ICOs here I come !!
Well written post for the newbie crypto traders - Keep it simple, DO NOT ALLOW EMOTION to cloud your judgement or impact decisions - if you are on a limited budget $100 or less - Invest in some good coins under .03 to .20 - or the really low ones as we've all seen way too many coins rise 3000-10,000% in 3-6 months - if you have a $400-$1000 to trade - Definitely stick with the top 30/50 market capped coins - as they are already established and less likely to be able to be pump/dumped - Lastly - If you can spare an Andrew Jackson ($20 bill) simply buy 1 coin of Antshares ANS ➡️ now NEO - I can see NEO hitting $400-500 before Christmas - Lastly never enter a bid on a peak - all peak will drop - most will rise again but why sacrifice profits at all on a budget - to the big guns - You know the drill - Hold BTC, ETH, LTC, STEEM (of course) and dabble with the newer smaller coins and let your big coins just make you money.. my 2 cents - from a daily crypto trader of 2 years who has made money overall but certainly made mistakes along the way!! @cryptotradex
VOTED, RESTEEMED, COMMENTED BECAUSE YOU DESERVE IT - Glad to see a young crypto investing at your age!!
thanks my dude!
actually in NEO right now, i think i might hold for a month or so
Concise & precise!
I dig the post
You're right. Absolutely right. But the question that is hard to answer.
How do you know you are truly buying the dip? If someone could answer that we would be worth a few million in my eyes (million doge... I'm poor lol)
like if your buying at the end of the dip? its kind of a gamble but i like to buy it anywhere after a 15% drop
NIce post. Leaving a comment here so I can find it again later. Love the chart.
Very good call for day trading, all super points you touched on! I think most coins in the top 40 will be worth more than what you invest as the days, weeks, months and years go on :D What do you think about putting X amount of $$ every week into a different good alt and just leaving it?
thats a good idea as well, put it into alts when they are down for the most profit. if you invest in an alt, it is bound to go up you just gotta wait and be patient
@cryptotraderx got you a $0.96 @minnowbooster upgoat, nice! (Image: pixabay.com)
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Thanks for the altcoin trading advice it's a good plan with simple parameters and is historically sound. Someone should stake you to trade for them!
Awesome post! Thanks @cryptotraderx for your tips of the trade.
Have upvoted and followed you! 😊 Look forward to more of your posts.