So I have been trading for a couple days now and have used my strategy that won't make you a ton of profit but minimizes the chance of a loss. I have only taken 1 small loss of 10 cents and thats it
So here it is
- Only Buy Coins in the top 30-40. This guarantees consistent volume and and that you won't be left with a flat lined coin, lost 215$ this way.
2.Never buy coins that are up in price for the day, only buy them when they have dropped at least 10-15%, you have a better chance of profit doing it this way. Sure you can make profit on a coin up 10%, but it is way more risky than buying it when the price is up rather than low because when it drops it has a good chance of a bounce. Coins that are already up have a higher chance of dropping.
Thats my strategy, Also you need to study and learn candlesticks on youtube and learn what they really mean, this will give you a HUUUUUUUUUUUUGE (donald trump voice) advantage over the market, i watched 7-8 videos on candlesticks on this guy called "Urban Forex" on youtube, you need to be a sponge and absorb all the information you can and take notes.
i hope this helped if you ever want someone else's opinion on a position on a coin come ask me!
