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RE: The Coinigy Market Scanner will be a game changer

in #trading7 years ago

First let me commend you on using two months of data and reading the chart to understand the story.. thats the right mindset, thats exactly how you need to think to be successful..
Second, all of these trades are on small amounts of money because the coin is thinly trades so there is never much at risk, but the percentage very good, so you will be playing with the house money before you know it..
I dont ever use stops, ever... I risk an apropriate amount, and if it drops i work off the new low.. Heres the thing, your choices for thin Coins have to give you high high percentages, like 30-100% per trade to be effective.. so that your playing with the house money quickly.. because if it drops you dont get hurt.. and in a drop then you can just start again at a lower price and then in the next big pop you make a ton.. ok, i really should do a video on this subject beacue there seems to be alot of questions about this... ill make one in the next few days and really explain this ...

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Luc one other thing about news.

In the chance that you are trading a coin, and crazy news hits and causes something that is beyond a panic drop, do you have any sources that you go to, to search for such news?

Like ForexFactory typically has news about what is going on in various Continents each day. Is there anything like that for cryptos that you know of?

Just so that you would have an idea if a SERIOUS drop is in the works?

I have no good news source yet.. I rely on trollboxes

What are some of your favorite trollboxes? Ever since Kraken took theirs down, I haven't had a good source to turn to.

Awesome,! I've been wondering about trading the low volume high volatility coins! :)