Trades like these are only possible when you adopt a longer term strategy in this market, and although the waiting time between getting into a trade like this and cashing out may be lengthy you are actually making money up to 10 times faster than you would be if you were only executing short term plays, and not only are you making money faster you are making less trades than the average short term trader. Thus, you are being more efficient.
What about both long and short term trading at the same time?
i do both long and short term trades all the time
but, like ryan said, it's easier to go for long term opportunities and even though the big money runs take longer to unfold you make loads more money so it makes the wait worthwhile
brand new coins are perfect for quick short term flips in my opinion, but you need to absolutely be sure that you know what you are doing to make it worthwhile. I have made several triple digit profits from getting into brand new coins after the first big volume dump
thats what works for me as well the long term trades