So I've been down lately. Way below what I ever expected when I first jumped on the crypto train. I thought I was safe trading the more mainstream coins with higher market caps, but as it turns out I was wrong....
But I am resilient and I have a new strategy...
Buy Micro Cap Coins and Transfer Profit to Long Term Coins
Below is a chart I use to track my trades and here is a result of the past 3 days testing this theory:
Now, if you've read my previous post you should understand that I am a noob trader of alt coins and haven't been doing so hot. I got an 86% gain on a trade and was like, I found out what these mother f'ers are doing on twitter...
I don't think they get so much in the detail like I will be doing.
Take a look at this chart...
Solaris swings have been in the 50% - 150% range. Right now, I'm in this little coin again for 22000 SAT. I think it will touch 36000 soon.
So what's my strategy ask?
First
I sort through the coins and look at the high versus the low... When I see an interesting one, I look at the charts... see example
See the highlighted Sakura coin? It's currently selling at 10 SAT, but has reached 16 SAT. So that's a potential 60% winner right there... Now let's look further
Chart View
So what does this tell you?
Well, it tells me it's hardly ever gone below 10 SAT, so I feel pretty safe knowing worst case I may lose 10%.
The other thing this tells me, is it may be due for another pump, and maybe just maybe it will go to 25 SAT. Which would be a 150% gain! So what would I do...
Buy Order, Sell Order
So I would put a buy order in at 10 SAT, maybe 11 SAT if I'm impatient... but patience is key.
Next, I'll distract myself like go for a run or something that keeps me occupied for an hour.
I'll check and see if the coin sold. If it did then I will go ahead and put a sell order in checking how much BTC is in the way of my profit!
So here are the current sell orders:
So it looks like the biggest stopper is at 23. So I might put the sell order at 22. Am I happy with 22? You damn right I am, that's 120% profit!
The thing with these coins is your profit in terms of BTC will not be high. But you do this on a bunch of different coins and hopefully you'll enjoy a few gains.