If you read my previous post you will know I am new to the cryptocurrency trading. I have traded bullion before but began trading just before Christmas.
My biggest profit was made by doing nothing! I bought some Neo and left it alone. It has more than doubled for me now and it has taught me the value of #HODL
At first trading was quite safe, I was 'practicing' in the doge markets and the ltc markets. This helped me navigate my way around the exchange and in particular get used to the decimal points and the large numbers!
I then moved on to the Bitcoin markets which was/is a lot more nerve wracking. It might be beginners luck, I dont know but I have managed so far to call all my trades right. I have a good understanding of the markets from my time in bullion.
So far, by sticking to a few rules I have managed to make over 70% profit. I do not know of a single financial institute anywhere that will make me interest like that!
My personal rules:
I never (not since my first one) impulse buy a coin or buy a coin based on what someone in a troll box says :P
Be realistic but aim to buy low. Be realistic but aim to sell high.
Be Patient!
Dont Panic Sell
Never trade whilst drunk.. ..
Never bet what you cant afford to lose
Half of my porfolio for investing, half of my portfolio for trading.
I have to admit, I am absolutely hooked on this. I love it. Its like a bad drug. I dont really have a love of money but it sure brings out the dark side... . .