TRADEALERT: Tips to trade with the smart money in a bull market

Hi there fellow crypo traders, tradealert here to share some trading tips with you so you can trade confidently, stress-free and most importantly make nice profits. This is my cheat-sheet on how I approach and evaluate good trades, if you follow these tips, I guarantee you will make money more consistently and without much of the stress associated with trading. Let’s get into it.

Tip n.1: THE PROJECT IS NEW:

As a general rule, most projects, even the ones with the weakest fundamentals will go through at least one good pump during their life-cycle. Sometimes a coin will pump again again as they are added to new exchanges. So the idea here is to find projects that have recently (in the last few months) been added to exchanges (Kraken, Bittrex, Poloniex or Liqui are my favorite) and whose price haven’t pumped to ridiculous proportions yet. Good example of that would the most recent wave of Ethereum-based projects, projects like TKN, LUN, BAT or ANT (all of those are currently listed on different exchanges). Ethereum projects are very hot right now and make for very good trading opportunities.
Also, keep an eye on projects that will soon be listed on exchanges after they finish their ICO (this would include projects such as CoFoundit or Bancor). One way of keeping track of these projects is to visit the website ICO Countdown.
https://www.icocountdown.com/

Tip n.2: THE FUNDAMENTALS ARE SOLID:

Here we want to make sure that the project is not a scam and that it has a reasonable chance to survive at least enough time for its tokens to pump. Here’s my personal checklist, ranked by order of importance.
*The project has a website which shows the identities of the devs (names and pictures);
*The team has a Slack channel, which you must join to keep abreast of the development of the project, if you do not have
Slack, you need to download the application and start using it right now.
*The devs have experience in crypto projects (good example of this would be the BAT token), this point is a bonus since, as
mentioned above, even coins with weak fundamentals can pump (Pinkcoin, Pascalcoin or DOGE being some prime
examples of coins with close to zero fundamentals that have gone crazy in the past few months).

TIP n.3: BUY LOW

This is the MOST IMPORTANT tip and if you’re disciplined enough this is by far the tip that will leverage the most profit. The BEST time to buy a market is during its accumulation phase. So when is accumulation? Accumulation is when he price of a stock goes sideways.
Here’s an example with Ethereum-based token LUN on Bittrex (disclaimer: I hold some LUN)

And another beautiful example with Ripple on Poloniex:

As you can see, accumulation is the most boring phase of the market, the price action stays in a very tight range and will stagnate sometimes for days or weeks, (the price might even decrease a bit from where you bought). This is the phase when you have to BE PATIENT. Hold and wait for the pump. In the current bull market, I am quite confident that any coin can pump and when it does, you’ll be happy to just sit back, grab the popcorn and watch the dumb money buy your bags for a ridiculous price tag.

Patience is key in trading and as a profitable trader it is the most fundamental skill to develop.

This is it for this installment, stay tuned for more trading tips with tradealert.

Disclaimer: This content does not constitute financial advice, trade at your own risks and don’t invest more that you are ready to lose.